Mid Penn Bancorp
Buy, Hold or Sell?

Let's analyse Mid Penn Bancorp together

Penke I guess you are interested in Mid Penn Bancorp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Mid Penn Bancorp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Mid Penn Bancorp (30 sec.)

What can you expect buying and holding a share of Mid Penn Bancorp? (30 sec.)

How much money do you get?

$0.78

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$32.72

Expected worth in 1 year

$34.55

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$2.61

Return On Investment

12.7%

For what price can you sell your share?

Current Price per Share

$20.50

Expected price per share

$17.56 - $22.55

How sure are you?

50%

1. Valuation of Mid Penn Bancorp (5 min.)

Live pricePrice per Share (EOD)

$20.50

Book Value per Share

$32.72

Intrinsic Value Per Share

$12.33 - $43.62

Total Value Per Share

$45.06 - $76.35

My calculation of the intrinsic value of Mid Penn Bancorp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.35) 3Y: ($0.84) TTM: ($0.74)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($0.00) TTM: ($-0.04)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.37	$3.51	$1.44 - $3.71
2	$2.71	$7.25	$1.49 - $4.05
3	$4.02	$11.20	$1.55 - $4.40
4	$5.30	$15.35	$1.60 - $4.75
5	$6.55	$19.68	$1.66 - $5.10
6	$7.77	$24.19	$1.71 - $5.45
7	$8.96	$28.84	$1.77 - $5.80
8	$10.12	$33.64	$1.82 - $6.14
9	$11.24	$38.58	$1.88 - $6.49
10	$12.33	$43.62	$1.94 - $6.84

2. Growth of Mid Penn Bancorp (5 min.)

Is Mid Penn Bancorp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$542.3m	$500.3m	$27.9m	5.3%

How much money is Mid Penn Bancorp making?

	Current year	Previous year	Grow	Grow %
Making money	$9.3m	$13.7m	-$4.3m	-46.6%
Net Profit Margin	18.2%	32.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Mid Penn Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Mid Penn Bancorp? (5 min.)

Welcome investor! Mid Penn Bancorp's management wants to use your money to grow the business. In return you get a share of Mid Penn Bancorp.

What can you expect buying and holding a share of Mid Penn Bancorp?

First you should know what it really means to hold a share of Mid Penn Bancorp. And how you can make/lose money.

Speculation

The Price per Share of Mid Penn Bancorp is $20.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Mid Penn Bancorp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Mid Penn Bancorp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $32.72. Based on the TTM, the Book Value Change Per Share is $0.46 per quarter. Based on the YOY, the Book Value Change Per Share is $0.33 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.20 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Mid Penn Bancorp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.73	3.6%	0.56	2.8%	0.83	4.0%	0.50	2.4%	0.30	1.5%
Usd Book Value Change Per Share	0.86	4.2%	0.46	2.2%	0.33	1.6%	0.96	4.7%	0.74	3.6%
Usd Dividend Per Share	0.20	1.0%	0.20	1.0%	0.19	0.9%	0.14	0.7%	0.09	0.5%
Usd Total Gains Per Share	1.06	5.2%	0.65	3.2%	0.52	2.6%	1.11	5.4%	0.83	4.1%
Usd Price Per Share	24.28	-	23.03	-	28.12	-	25.00	-	23.36	-
Price to Earnings Ratio	8.32	-	11.43	-	8.62	-	24.20	-	87.39	-
Price-to-Total Gains Ratio	22.84	-	289.28	-	64.38	-	103.83	-	93.50	-
Price to Book Ratio	0.74	-	0.72	-	0.93	-	1.23	-	2.78	-
Price-to-Total Gains Ratio	22.84	-	289.28	-	64.38	-	103.83	-	93.50	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	20.5
Number of shares	48

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.20	0.14
Usd Book Value Change Per Share	0.46	0.96
Usd Total Gains Per Share	0.65	1.11
Gains per Quarter (48 shares)	31.29	53.13
Gains per Year (48 shares)	125.15	212.52

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	38	88	115	28	185	203
2	75	175	240	55	370	416
3	113	263	365	83	555	629
4	150	350	490	111	739	842
5	188	438	615	138	924	1055
6	225	525	740	166	1109	1268
7	263	613	865	194	1294	1481
8	301	701	990	221	1479	1694
9	338	788	1115	249	1664	1907
10	376	876	1240	277	1848	2120

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	114.0	1.0	0.0	99.1%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	89.0	21.0	5.0	77.4%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	114.0	0.0	1.0	99.1%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	37.0	3.0	0.0	92.5%	106.0	9.0	0.0	92.2%

Fundamentals of Mid Penn Bancorp

About Mid Penn Bancorp

https://www.midpennbank.com
Banks - Regional
0
2407 Park Drive, Harrisburg, PA, United States, 17110
Google Maps Bing Maps

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that engages in the provision of commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans. In addition, the company offers trust and wealth management and insurance services; provides online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.

Fundamental data was last updated by Penke on 2024-04-11 15:02:07.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Mid Penn Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Mid Penn Bancorp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
A Net Profit Margin of 18.3% means that $0.18 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Mid Penn Bancorp:

The MRQ is 18.3%. The company is making a huge profit. +2
The TTM is 18.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	18.3%	TTM	18.2%	+0.1%
TTM	18.2%	YOY	32.0%	-13.8%
TTM	18.2%	5Y	24.0%	-5.8%
5Y	24.0%	10Y	21.0%	+3.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	18.3%	18.4%	-0.1%
TTM	18.2%	28.0%	-9.8%
YOY	32.0%	25.2%	+6.8%
5Y	24.0%	22.8%	+1.2%
10Y	21.0%	19.8%	+1.2%

Measures how much net profit Mid Penn Bancorp earns for each $1 of revenue.

Revenue is the amount of profit Mid Penn Bancorp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Mid Penn Bancorp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, Mid Penn Bancorp makes more profit. This shows the investor how efficiently Mid Penn Bancorp is operating in general and compared to other companies in the same industry. Mid Penn Bancorp operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Mid Penn Bancorp. If profit margins remain low (compared to the Banks - Regional industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Mid Penn Bancorp is 0.18. This means that Mid Penn Bancorp earned $0.18 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Mid Penn Bancorp with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Mid Penn Bancorp sells assets (profit will increase while costs remain the same).
It won’t show what part of Mid Penn Bancorp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Mid Penn Bancorp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Mid Penn Bancorp = 12,098
Total revenue MRQ Mid Penn Bancorp = 66,117
$12,098 / $66,117 = 0.18 or 18.3%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Mid Penn Bancorp is using its assets to generate profit.

Above 5% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
0.2% Return on Assets means that Mid Penn Bancorp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Mid Penn Bancorp:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	+0.0%
TTM	0.2%	YOY	0.3%	-0.1%
TTM	0.2%	5Y	0.2%	0.0%
5Y	0.2%	10Y	0.2%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.1%	+0.1%
TTM	0.2%	0.2%	0.0%
YOY	0.3%	0.2%	+0.1%
5Y	0.2%	0.2%	+0.0%
10Y	0.2%	0.2%	0.0%

Shows how efficient Mid Penn Bancorp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Mid Penn Bancorp is using its resources to generate profit. If the return on assets (0.2%) from Mid Penn Bancorp are higher than the Banks - Regional mean (0.1%) that means Mid Penn Bancorp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Mid Penn Bancorp is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Mid Penn Bancorp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Mid Penn Bancorp = 12,098
Total assets MRQ (balance sheet) from Mid Penn Bancorp = 5,290,792
12,098 / 5,290,792 = 0.00 or 0.2%

ROA is an important ratio as it will tell you how effectively Mid Penn Bancorp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Mid Penn Bancorp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
2.2% Return on Equity means Mid Penn Bancorp generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Mid Penn Bancorp:

The MRQ is 2.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.2%	TTM	1.8%	+0.5%
TTM	1.8%	YOY	2.7%	-1.0%
TTM	1.8%	5Y	2.3%	-0.5%
5Y	2.3%	10Y	2.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.2%	1.4%	+0.8%
TTM	1.8%	2.5%	-0.7%
YOY	2.7%	2.7%	+0.0%
5Y	2.3%	2.5%	-0.2%
10Y	2.3%	2.8%	-0.5%

Shows how efficient Mid Penn Bancorp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks - Regional industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Mid Penn Bancorp is 2.2%. This means Mid Penn Bancorp generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if Mid Penn Bancorp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Mid Penn Bancorp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Mid Penn Bancorp = 12,098
Shareholders equity (balance sheet) MRQ Mid Penn Bancorp = 542,350
12,098 / 542,350 = 0.02 or 2.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Mid Penn Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Mid Penn Bancorp is operating .

Measures how much profit Mid Penn Bancorp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
An Operating Margin of 21.0% means the company generated $0.21 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Mid Penn Bancorp:

The MRQ is 21.0%. The company is operating efficient. +1
The TTM is 29.9%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	21.0%	TTM	29.9%	-8.9%
TTM	29.9%	YOY	53.3%	-23.4%
TTM	29.9%	5Y	48.6%	-18.8%
5Y	48.6%	10Y	45.0%	+3.6%

Measures how efficient Mid Penn Bancorp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Mid Penn Bancorp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Mid Penn Bancorp is 21.0%. This means that Mid Penn Bancorp earned $0.21 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Mid Penn Bancorp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Mid Penn Bancorp = 14,392
Total revenue MRQ Mid Penn Bancorp = 66,117
$14,392 / $66,117 = 0.21 or 21.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Mid Penn Bancorp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.01 means that the operating costs are $0.01 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Mid Penn Bancorp:

The MRQ is 0.010. The company is very efficient in keeping operating costs low. +2
The TTM is -0.078.

Trends

Current period		Compared to		+/-
MRQ	0.010	TTM	-0.078	+0.088
TTM	-0.078	YOY	-0.111	+0.033
TTM	-0.078	5Y	-0.015	-0.063
5Y	-0.015	10Y	0.111	-0.125

Measures how efficient Mid Penn Bancorp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Mid Penn Bancorp is 1.0%. This means that Mid Penn Bancorp earned $0.01 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Mid Penn Bancorp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +653) \ 66,117 = 0.01

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Mid Penn Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Mid Penn Bancorp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.03 means the company has $0.03 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Mid Penn Bancorp:

The MRQ is 0.033. The company is unable to pay all its short-term debts. -2
The TTM is 1.193. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	0.033	TTM	1.193	-1.160
TTM	1.193	YOY	121.686	-120.493
TTM	1.193	5Y	40.349	-39.156
5Y	40.349	10Y	64.486	-24.137

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	1.193	0.124	+1.069
YOY	121.686	0.225	+121.461
5Y	40.349	0.219	+40.130
10Y	64.486	0.131	+64.355

Measures if Mid Penn Bancorp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Mid Penn Bancorp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Mid Penn Bancorp is 0.03. This means Mid Penn Bancorp has $0.03 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Mid Penn Bancorp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
122,876 \ 3,779,153) = 0.03

The current ratio measures if Mid Penn Bancorp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Mid Penn Bancorp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Mid Penn Bancorp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Mid Penn Bancorp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Mid Penn Bancorp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
A Quick Ratio of 0.08 means the company can pay off $0.08 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Mid Penn Bancorp:

The MRQ is 0.078. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 2.739. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.078	TTM	2.739	-2.660
TTM	2.739	YOY	208.331	-205.592
TTM	2.739	5Y	58.968	-56.230
5Y	58.968	10Y	117.355	-58.387

Measures if Mid Penn Bancorp is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Mid Penn Bancorp can pay off its short term debts. This shows if Mid Penn Bancorp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Mid Penn Bancorp is 0.08. This means that Mid Penn Bancorp can pay off $0.08 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Mid Penn Bancorp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Mid Penn Bancorp: (45,873 + 223,993 +25,820) / 3,779,153 = 0.08

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Mid Penn Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Mid Penn Bancorp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Mid Penn Bancorp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Mid Penn Bancorp assets are financed with 89.7% credit (debt) and the remaining percentage (100% - 89.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Mid Penn Bancorp:

The MRQ is 0.897. The company is just able to pay all its debts by selling its assets.
The TTM is 0.895. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.897	TTM	0.895	+0.002
TTM	0.895	YOY	0.887	+0.008
TTM	0.895	5Y	0.898	-0.003
5Y	0.898	10Y	0.910	-0.011

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.897	0.915	-0.018
TTM	0.895	0.917	-0.022
YOY	0.887	0.919	-0.032
5Y	0.898	0.919	-0.021
10Y	0.910	0.927	-0.017

Measures how much % of Mid Penn Bancorp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Mid Penn Bancorp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Mid Penn Bancorp to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Mid Penn Bancorp is 0.90. This means means that Mid Penn Bancorp is financed with 89.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Mid Penn Bancorp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Mid Penn Bancorp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
4,748,442 \ 5,290,792 = 89.7% or 0.90.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Mid Penn Bancorp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
A Debt to Equity ratio of 875.5% means that company has $8.76 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Mid Penn Bancorp:

The MRQ is 8.755. The company is unable to pay all its debts with equity. -1
The TTM is 8.547. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.755	TTM	8.547	+0.208
TTM	8.547	YOY	7.895	+0.652
TTM	8.547	5Y	8.973	-0.426
5Y	8.973	10Y	10.450	-1.477

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	8.755	10.829	-2.074
TTM	8.547	11.013	-2.466
YOY	7.895	11.363	-3.468
5Y	8.973	11.437	-2.464
10Y	10.450	13.038	-2.588

Measures if Mid Penn Bancorp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Mid Penn Bancorp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Mid Penn Bancorp is 8.76. This means that Mid Penn Bancorp can pay off $8.76 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Mid Penn Bancorp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,748,442 \ 542,350 = 8.76 or 875.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Mid Penn Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Mid Penn Bancorp generates.

Above 15 is considered overpriced but always compare Mid Penn Bancorp to the Banks - Regional industry mean.
A PE ratio of 8.32 means the investor is paying $8.32 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Mid Penn Bancorp:

The EOD is 7.021. Based on the earnings, the company is cheap. +2
The MRQ is 8.316. Based on the earnings, the company is underpriced. +1
The TTM is 11.432. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	7.021	MRQ	8.316	-1.295
MRQ	8.316	TTM	11.432	-3.116
TTM	11.432	YOY	8.623	+2.808
TTM	11.432	5Y	24.200	-12.768
5Y	24.200	10Y	87.393	-63.193

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	7.021	7.604	-0.583
MRQ	8.316	6.680	+1.636
TTM	11.432	5.295	+6.137
YOY	8.623	6.943	+1.680
5Y	24.200	9.770	+14.430
10Y	87.393	9.943	+77.450

Measures how much money you pay for each share for every $1 in earnings Mid Penn Bancorp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Mid Penn Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Mid Penn Bancorp is 8.32. This means the investor is paying $8.32 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Mid Penn Bancorp is performing over time. The most recent quarter might be important if Mid Penn Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Mid Penn Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Mid Penn Bancorp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 16,574 = EPS
PE ratio MRQ = 8.32

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Mid Penn Bancorp:

The EOD is 5.621. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.657. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 7.946. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	5.621	MRQ	6.657	-1.036
MRQ	6.657	TTM	7.946	-1.289
TTM	7.946	YOY	10.802	-2.856
TTM	7.946	5Y	-15.307	+23.253
5Y	-15.307	10Y	83.222	-98.529

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	5.621	-2.126	+7.747
MRQ	6.657	-1.868	+8.525
TTM	7.946	-0.342	+8.288
YOY	10.802	6.448	+4.354
5Y	-15.307	0.429	-15.736
10Y	83.222	0.091	+83.131

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Mid Penn Bancorp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.74 means the investor is paying $0.74 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Mid Penn Bancorp:

The EOD is 0.626. Based on the equity, the company is cheap. +2
The MRQ is 0.742. Based on the equity, the company is cheap. +2
The TTM is 0.724. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.626	MRQ	0.742	-0.116
MRQ	0.742	TTM	0.724	+0.018
TTM	0.724	YOY	0.931	-0.208
TTM	0.724	5Y	1.232	-0.508
5Y	1.232	10Y	2.776	-1.544

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.626	0.439	+0.187
MRQ	0.742	0.386	+0.356
TTM	0.724	0.470	+0.254
YOY	0.931	0.642	+0.289
5Y	1.232	0.795	+0.437
10Y	2.776	1.025	+1.751

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Mid Penn Bancorp.

3.1. Institutions holding Mid Penn Bancorp

Institutions are holding 44.466% of the shares of Mid Penn Bancorp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	7.13	0.0007	1181709	72758	6.561
2023-12-31	Wellington Management Company LLP	4.2538	0.0032	705008	-68475	-8.8528
2023-12-31	Vanguard Group Inc	4.079	0.0004	676049	29489	4.5609
2023-12-31	Banc Funds Co LLC	2.7744	1.1005	459827	0	0
2023-12-31	Dimensional Fund Advisors, Inc.	2.2079	0.0026	365924	29275	8.696
2023-12-31	AllianceBernstein L.P.	1.9772	0.0031	327689	470	0.1436
2023-12-31	Geode Capital Management, LLC	1.8107	0.0008	300102	11805	4.0947
2023-12-31	State Street Corporation	1.7362	0.0003	287752	-6058	-2.0619
2023-12-31	Castle Creek Capital Partners VI LP	1.668	4.6618	276447	276447	0
2023-12-31	Manufacturers Life Insurance Co	1.3135	0.0032	217695	0	0
2023-12-31	Royce & Associates, LP	1.232	0.0458	204196	9086	4.6569
2023-12-31	Petiole USA ltd	1.1893	3.5377	197111	0	0
2023-12-31	Emerald Mutual Fund Advisers Trust	0.9791	0.2086	162281	0	0
2023-12-31	Northern Trust Corp	0.8115	0.0006	134502	7751	6.1151
2023-12-31	LSV Asset Management	0.7004	0.0062	116078	1500	1.3092
2023-12-31	American Century Companies Inc	0.6008	0.0017	99572	7241	7.8424
2023-12-31	Endeavour Capital Advisors Inc	0.5945	0.8019	98525	-11662	-10.5838
2023-12-31	Wharton Business Group, LLC	0.4878	0.0988	80841	2510	3.2044
2023-12-31	Bank of New York Mellon Corp	0.455	0.0004	75405	-17160	-18.5383
2023-12-31	JPMorgan Chase & Co	0.424	0.0002	70272	16420	30.491
Total		36.4251	10.4785	6036985	+361397	+6.0%

3.2. Funds holding Mid Penn Bancorp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Russell 2000 ETF	2.3781	0.012	394134	189	0.048
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.2587	0.0005	374344	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.2317	0.0042	204132	-495	-0.2419
2024-02-29	Emerald Growth A	0.9791	0.3474	162281	0	0
2024-01-31	Fidelity Small Cap Index	0.8648	0.0124	143328	5733	4.1666
2023-12-31	Royce Capital Small-Cap Inv	0.8559	1.1027	141848	-1123	-0.7855
2024-03-28	iShares Russell 2000 Value ETF	0.8417	0.0223	139507	-88	-0.063
2024-03-29	Avantis US Small Cap Value ETF	0.6981	0.0214	115705	0	0
2024-01-31	JHancock Regional Bank A	0.6343	0.2826	105131	0	0
2024-02-29	DFA US Targeted Value I	0.5187	0.014	85966	4422	5.4228
2024-02-29	Fidelity Extended Market Index	0.4971	0.0045	82381	-399	-0.482
2024-01-31	JH Financial Opportunities	0.4303	0.2197	71323	0	0
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.3819	0.0379	63296	-2407	-3.6635
2023-12-31	Royce Small-Cap Value Service	0.3762	1.1089	62348	10209	19.5804
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.371	0.0031	61481	1500	2.5008
2024-03-31	VT De Lisle America B USD	0.3227	0.2355	53476	0	0
2024-02-29	Vanguard Russell 2000 ETF	0.3108	0.0114	51507	3916	8.2284
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.3102	0.0106	51409	0	0
2024-02-29	DFA US Micro Cap I	0.2596	0.0126	43028	0	0
2023-12-31	NT R2000 Value Index Fund - NL	0.2421	0.0258	40127	-1054	-2.5594
Total		14.763	3.4895	2446752	+20403	+0.8%

3.3. Insider Transactions

Insiders are holding 11.571% of the shares of Mid Penn Bancorp.

Date	Owner	Type	Amount	Price
2024-03-28	Joel L Frank	BUY	126	20.01
2024-03-15	Theodore W Mowery	BUY	2000	20.42
2024-03-11	John E Noone	BUY	290	20.43
2024-02-27	Soto Matthew G De	BUY	1192	20.92
2024-02-01	Soto Matthew G De	BUY	1185	21.13
2024-01-30	Frank Gumina Jr	BUY	201	22.95
2023-11-21	Bruce A Kiefer	BUY	1000	21.09
2023-11-20	Rory G Ritrievi	BUY	94	21.61
2023-11-03	Soto Matthew G De	BUY	2510	20.17
2023-11-01	Frank Gumina Jr	BUY	1000	19
2023-09-29	Brian Arden Sr. Hudson	BUY	248	20.13
2023-08-17	Soto Matthew G De	BUY	2355	21.23
2023-06-30	Maureen M Gathagan	BUY	906	22.08
2023-05-17	Robert A Abel	BUY	2000	20.18

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Mid Penn Bancorp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.863	0.456	+89%	0.332	+160%	0.963	-10%	0.738	+17%
Book Value Per Share	-	-	32.723	31.860	+3%	30.186	+8%	22.554	+45%	14.054	+133%
Current Ratio	-	-	0.033	1.193	-97%	121.686	-100%	40.349	-100%	64.486	-100%
Debt To Asset Ratio	-	-	0.897	0.895	+0%	0.887	+1%	0.898	0%	0.910	-1%
Debt To Equity Ratio	-	-	8.755	8.547	+2%	7.895	+11%	8.973	-2%	10.450	-16%
Dividend Per Share	-	-	0.200	0.196	+2%	0.192	+4%	0.144	+39%	0.093	+115%
Eps	-	-	0.730	0.564	+29%	0.827	-12%	0.499	+46%	0.305	+139%
Free Cash Flow Per Share	-	-	0.912	0.736	+24%	0.841	+8%	0.547	+67%	0.346	+164%
Free Cash Flow To Equity Per Share	-	-	4.840	6.654	-27%	-2.299	+147%	4.820	+0%	2.896	+67%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.944	+6%	0.928	+8%
Intrinsic Value_10Y_max	-	-	43.624	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	12.333	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.509	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.367	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	11.201	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	4.017	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	19.685	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	6.550	-	-	-	-	-	-	-	-
Market Cap	339760850.000	-18%	402421551.720	381719658.648	+5%	466052444.000	-14%	414281674.730	-3%	387200621.734	+4%
Net Profit Margin	-	-	0.183	0.182	+1%	0.320	-43%	0.240	-24%	0.210	-13%
Operating Margin	-	-	0.210	0.299	-30%	0.533	-61%	0.486	-57%	0.450	-53%
Operating Ratio	-	-	0.010	-0.078	+892%	-0.111	+1228%	-0.015	+249%	0.111	-91%
Pb Ratio	0.626	-18%	0.742	0.724	+3%	0.931	-20%	1.232	-40%	2.776	-73%
Pe Ratio	7.021	-18%	8.316	11.432	-27%	8.623	-4%	24.200	-66%	87.393	-90%
Price Per Share	20.500	-18%	24.280	23.025	+5%	28.120	-14%	24.995	-3%	23.362	+4%
Price To Free Cash Flow Ratio	5.621	-18%	6.657	7.946	-16%	10.802	-38%	-15.307	+330%	83.222	-92%
Price To Total Gains Ratio	19.287	-18%	22.843	289.283	-92%	64.380	-65%	103.828	-78%	93.503	-76%
Quick Ratio	-	-	0.078	2.739	-97%	208.331	-100%	58.968	-100%	117.355	-100%
Return On Assets	-	-	0.002	0.002	+23%	0.003	-26%	0.002	+0%	0.002	+14%
Return On Equity	-	-	0.022	0.018	+26%	0.027	-18%	0.023	-2%	0.023	-1%
Total Gains Per Share	-	-	1.063	0.652	+63%	0.524	+103%	1.107	-4%	0.831	+28%
Usd Book Value	-	-	542350000.000	528204000.000	+3%	500300000.000	+8%	373846150.000	+45%	232949325.000	+133%
Usd Book Value Change Per Share	-	-	0.863	0.456	+89%	0.332	+160%	0.963	-10%	0.738	+17%
Usd Book Value Per Share	-	-	32.723	31.860	+3%	30.186	+8%	22.554	+45%	14.054	+133%
Usd Dividend Per Share	-	-	0.200	0.196	+2%	0.192	+4%	0.144	+39%	0.093	+115%
Usd Eps	-	-	0.730	0.564	+29%	0.827	-12%	0.499	+46%	0.305	+139%
Usd Free Cash Flow	-	-	15113000.000	12202500.000	+24%	13935500.000	+8%	9064200.000	+67%	5729875.000	+164%
Usd Free Cash Flow Per Share	-	-	0.912	0.736	+24%	0.841	+8%	0.547	+67%	0.346	+164%
Usd Free Cash Flow To Equity Per Share	-	-	4.840	6.654	-27%	-2.299	+147%	4.820	+0%	2.896	+67%
Usd Market Cap	339760850.000	-18%	402421551.720	381719658.648	+5%	466052444.000	-14%	414281674.730	-3%	387200621.734	+4%
Usd Price Per Share	20.500	-18%	24.280	23.025	+5%	28.120	-14%	24.995	-3%	23.362	+4%
Usd Profit	-	-	12098000.000	9349250.000	+29%	13701500.000	-12%	8271600.000	+46%	5076550.000	+138%
Usd Revenue	-	-	66117000.000	52668250.000	+26%	42598250.000	+55%	34759200.000	+90%	22626600.000	+192%
Usd Total Gains Per Share	-	-	1.063	0.652	+63%	0.524	+103%	1.107	-4%	0.831	+28%
	EOD	+4 -4	MRQ	TTM	+24 -11	YOY	+19 -16	5Y	+21 -15	10Y	+29 -7

4.2. Fundamental Score

Let's check the fundamental score of Mid Penn Bancorp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	7.021
Price to Book Ratio (EOD)	Between	0-1	0.626
Net Profit Margin (MRQ)	Greater than	0	0.183
Operating Margin (MRQ)	Greater than	0	0.210
Quick Ratio (MRQ)	Greater than	1	0.078
Current Ratio (MRQ)	Greater than	1	0.033
Debt to Asset Ratio (MRQ)	Less than	1	0.897
Debt to Equity Ratio (MRQ)	Less than	1	8.755
Return on Equity (MRQ)	Greater than	0.15	0.022
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			5/10 (50.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Mid Penn Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	56.873
Ma 20	Greater than	Ma 50	19.829
Ma 50	Greater than	Ma 100	20.300
Ma 100	Greater than	Ma 200	21.656
Open	Greater than	Close	19.620
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities		-13,674	-80,135	-93,809	81,975	-11,834	-2,823	-14,657	3,514,594	3,499,937
Long-term Assets Other		-17,552	2,004	-15,548	-608,596	-624,144	13,203	-610,941	5,512,806	4,901,865

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	5,290,792
Total Liabilities	4,748,442
Total Stockholder Equity	542,350

	As reported
Total Liabilities	4,748,442
Total Stockholder Equity	+ 542,350
Total Assets	= 5,290,792

Assets

Total Assets	5,290,792
Total Current Assets	122,876
Long-term Assets	5,167,916

Total Current Assets

Total Current Assets (as reported)	122,876
Cash And Cash Equivalents	80,103
Short-term Investments	223,993
Net Receivables	25,820
Inventory	-71,693
Total Current Assets (calculated)	258,223
+/-	135,347

Long-term Assets

Long-term Assets (as reported)	5,167,916
Property Plant Equipment	48,589
Goodwill	127,031
Long Term Investments	623,121
Intangible Assets	6,479
Long-term Assets Other	4,901,865
Long-term Assets (calculated)	5,707,085
+/-	539,169

Liabilities & Shareholders' Equity

Total Current Liabilities	3,779,153
Long-term Liabilities	969,289
Total Stockholder Equity	542,350

Total Current Liabilities

Total Current Liabilities (as reported)	3,779,153
Short-term Debt	279,216
Accounts payable	14,257
Other Current Liabilities	3,499,937
Total Current Liabilities (calculated)	3,793,410
+/-	14,257

Long-term Liabilities

Long-term Liabilities (as reported)	969,289
Long term Debt	102,160
Capital Lease Obligations	12,482
Long-term Liabilities (calculated)	114,642
+/-	854,647

Total Stockholder Equity

Total Stockholder Equity (as reported)	542,350
Common Stock	16,999
Retained Earnings	145,982
Accumulated Other Comprehensive Income	-16,637
Other Stockholders Equity	396,006
Total Stockholder Equity (calculated)	542,350
+/-	0

Other

Capital Stock	16,999
Cash and Short Term Investments	45,873
Common Stock Shares Outstanding	16,574
Current Deferred Revenue	-14,257
Liabilities and Stockholders Equity	5,290,792
Net Debt	276,063
Net Invested Capital	644,510
Net Working Capital	-3,656,277
Property Plant and Equipment Gross	74,748
Short Long Term Debt Total	356,166

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

0
0
0
0
0
202,200
205,000
210,200
209,000
216,300
222,000
228,800
237,200
239,500
265,900
277,800
275,200
276,900
278,600
287,500
289,714
292,735
303,945
315,584
315,646
318,912
323,729
330,635
333,259
340,538
351,249
363,284
368,243
362,042
372,654
373,466
377,952
398,534
398,549
403,256
402,544
414,473
435,029
438,110
441,371
456,685
455,787
491,694
492,506
492,160
503,596
509,757
535,974
540,699
552,412
572,300
565,070
579,416
598,192
606,010
667,397
615,495
632,552
637,457
680,292
687,367
720,817
715,383
717,625
696,934
723,504
705,200
726,430
705,649
697,988
713,125
718,476
736,480
823,214
814,787
968,232
899,342
915,265
931,724
960,894
1,012,884
1,042,687
1,032,599
1,072,938
1,111,876
1,153,373
1,170,354
1,391,217
1,415,647
2,044,280
2,077,981
2,147,817
2,136,122
2,248,899
2,231,175
2,299,751
2,922,365
3,052,935
2,998,948
3,382,038
3,461,792
3,453,187
4,689,425
4,667,174
4,310,163
4,333,903
4,486,257
4,583,465
5,093,887
5,215,963
5,290,792

5,290,792

5,215,963

5,093,887

4,583,465

4,486,257

4,333,903

4,310,163

4,667,174

4,689,425

3,453,187

3,461,792

3,382,038

2,998,948

3,052,935

2,922,365

2,299,751

2,231,175

2,248,899

2,136,122

2,147,817

2,077,981

2,044,280

1,415,647

1,391,217

1,170,354

1,153,373

1,111,876

1,072,938

1,032,599

1,042,687

1,012,884

960,894

931,724

915,265

899,342

968,232

814,787

823,214

736,480

718,476

713,125

697,988

705,649

726,430

705,200

723,504

696,934

717,625

715,383

720,817

687,367

680,292

637,457

632,552

615,495

667,397

606,010

598,192

579,416

565,070

572,300

552,412

540,699

535,974

509,757

503,596

492,160

492,506

491,694

455,787

456,685

441,371

438,110

435,029

414,473

402,544

403,256

398,549

398,534

377,952

373,466

372,654

362,042

368,243

363,284

351,249

340,538

333,259

330,635

323,729

318,912

315,646

315,584

303,945

292,735

289,714

287,500

278,600

276,900

275,200

277,800

265,900

239,500

237,200

228,800

222,000

216,300

209,000

210,200

205,000

202,200

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
40,000
41,700
46,300
45,700
47,900
50,500
46,600
48,900
46,200
44,200
39,755
44,360
49,291
50,864
55,516
58,912
61,581
64,161
60,910
64,931
72,496
75,589
77,673
76,416
76,901
79,137
78,663
79,158
69,935
68,961
67,482
68,881
69,488
63,168
57,341
51,536
54,337
59,241
56,707
56,074
58,493
60,247
73,369
71,050
60,858
62,964
50,676
48,022
51,422
7,526
59,173
66,986
81,925
6,779
105,700
124,771
162,963
9,847
167,395
160,157
178,171
11,200
163,992
146,512
134,506
7,407
137,439
156,943
164,988
8,460
158,790
150,375
154,264
12,329
175,536
185,910
193,173
12,791
146,039
140,590
125,794
20,323
148,287
142,499
149,128
24,600
145,632
125,464
115,589
25,746
67,969
69,730
65,628
31,284
178,524
199,485
202,933
261,821
215,245
301,403
339,022
314,486
312,406
95,965
77,152
122,876

122,876

77,152

95,965

312,406

314,486

339,022

301,403

215,245

261,821

202,933

199,485

178,524

31,284

65,628

69,730

67,969

25,746

115,589

125,464

145,632

24,600

149,128

142,499

148,287

20,323

125,794

140,590

146,039

12,791

193,173

185,910

175,536

12,329

154,264

150,375

158,790

8,460

164,988

156,943

137,439

7,407

134,506

146,512

163,992

11,200

178,171

160,157

167,395

9,847

162,963

124,771

105,700

6,779

81,925

66,986

59,173

7,526

51,422

48,022

50,676

62,964

60,858

71,050

73,369

60,247

58,493

56,074

56,707

59,241

54,337

51,536

57,341

63,168

69,488

68,881

67,482

68,961

69,935

79,158

78,663

79,137

76,901

76,416

77,673

75,589

72,496

64,931

60,910

64,161

61,581

58,912

55,516

50,864

49,291

44,360

39,755

44,200

46,200

48,900

46,600

50,500

47,900

45,700

46,300

41,700

40,000

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
38,400
40,100
44,700
44,000
46,100
48,600
44,500
46,700
44,100
42,100
37,644
42,110
47,096
48,362
53,232
56,761
59,437
62,070
58,837
62,872
70,530
73,582
75,684
74,539
75,094
77,374
76,917
77,459
68,109
67,086
65,592
66,868
67,344
60,899
55,132
49,176
51,873
56,419
54,002
53,313
55,718
57,429
70,724
68,409
58,115
58,524
46,566
46,790
5,819
47,564
44,916
48,709
56,822
62,704
69,494
10,987
9,403
11,402
36,042
10,216
9,524
36,036
33,652
23,828
21,078
16,136
19,353
17,751
21,019
15,654
19,486
16,212
24,547
17,601
13,529
16,844
16,639
15,496
24,556
28,059
27,612
22,823
26,212
30,211
36,351
29,172
40,622
37,800
59,149
30,403
35,949
36,817
46,725
32,825
37,352
37,049
42,670
187,131
58,148
69,349
80,538
57,773
56,154
89,238
65,248
80,103

80,103

65,248

89,238

56,154

57,773

80,538

69,349

58,148

187,131

42,670

37,049

37,352

32,825

46,725

36,817

35,949

30,403

59,149

37,800

40,622

29,172

36,351

30,211

26,212

22,823

27,612

28,059

24,556

15,496

16,639

16,844

13,529

17,601

24,547

16,212

19,486

15,654

21,019

17,751

19,353

16,136

21,078

23,828

33,652

36,036

9,524

10,216

36,042

11,402

9,403

10,987

69,494

62,704

56,822

48,709

44,916

47,564

5,819

46,790

46,566

58,524

58,115

68,409

70,724

57,429

55,718

53,313

54,002

56,419

51,873

49,176

55,132

60,899

67,344

66,868

65,592

67,086

68,109

77,459

76,917

77,374

75,094

74,539

75,684

73,582

70,530

62,872

58,837

62,070

59,437

56,761

53,232

48,362

47,096

42,110

37,644

42,100

44,100

46,700

44,500

48,600

46,100

44,000

44,700

40,100

38,400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,376
0
0
0
53,042
0
0
0
65,487
0
0
0
69,918
0
0
0
60,407
0
0
0
54,549
0
0
0
46,921
0
0
0
46,830
0
0
0
52,739
41,722
39,366
43,303
40,038
50,232
57,229
72,577
61,163
95,689
56,113
39,371
27,477
155,282
148,107
167,116
154,295
145,506
133,956
119,770
122,803
121,409
142,836
148,134
141,634
142,680
137,198
133,696
135,721
161,910
167,342
173,444
133,625
119,525
111,353
96,513
93,465
122,838
111,691
110,527
111,923
101,532
83,404
52,419
37,009
27,420
23,492
9,859
6,263
3,758
8,670
5,520
63,362
145,513
219,152
242,623
238,308
237,047
229,207
218,477
223,993

223,993

218,477

229,207

237,047

238,308

242,623

219,152

145,513

63,362

5,520

8,670

3,758

6,263

9,859

23,492

27,420

37,009

52,419

83,404

101,532

111,923

110,527

111,691

122,838

93,465

96,513

111,353

119,525

133,625

173,444

167,342

161,910

135,721

133,696

137,198

142,680

141,634

148,134

142,836

121,409

122,803

119,770

133,956

145,506

154,295

167,116

148,107

155,282

27,477

39,371

56,113

95,689

61,163

72,577

57,229

50,232

40,038

43,303

39,366

41,722

52,739

46,830

46,921

54,549

60,407

69,918

65,487

53,042

42,376

Net Receivables

0
0
0
0
0
0
0
0
0
0
1,600
1,600
1,600
1,700
1,800
1,900
2,100
2,200
2,100
2,100
2,111
2,250
2,195
2,502
2,284
2,151
2,144
2,091
2,073
2,059
1,966
2,007
1,989
1,877
1,807
1,763
1,746
1,699
1,826
1,875
1,890
2,013
2,144
2,269
2,209
2,360
2,464
2,822
2,705
2,761
2,775
2,818
2,645
2,641
2,743
2,747
2,756
2,747
2,692
2,781
2,652
2,682
2,666
2,632
2,571
2,669
2,859
3,067
3,011
2,980
2,996
2,893
2,846
2,843
2,684
2,704
2,904
2,887
3,000
3,058
3,394
3,465
3,415
3,813
1,466
3,943
4,032
3,928
3,901
3,991
4,159
4,564
5,079
5,372
7,491
8,244
8,527
8,883
8,414
7,964
8,786
12,743
14,663
12,971
11,855
10,638
10,008
11,328
11,584
12,902
15,861
18,405
19,205
19,626
24,230
25,820

25,820

24,230

19,626

19,205

18,405

15,861

12,902

11,584

11,328

10,008

10,638

11,855

12,971

14,663

12,743

8,786

7,964

8,414

8,883

8,527

8,244

7,491

5,372

5,079

4,564

4,159

3,991

3,901

3,928

4,032

3,943

1,466

3,813

3,415

3,465

3,394

3,058

3,000

2,887

2,904

2,704

2,684

2,843

2,846

2,893

2,996

2,980

3,011

3,067

2,859

2,669

2,571

2,632

2,666

2,682

2,652

2,781

2,692

2,747

2,756

2,747

2,743

2,641

2,645

2,818

2,775

2,761

2,705

2,822

2,464

2,360

2,209

2,269

2,144

2,013

1,890

1,875

1,826

1,699

1,746

1,763

1,807

1,877

1,989

2,007

1,966

2,059

2,073

2,091

2,144

2,151

2,284

2,502

2,195

2,250

2,111

2,100

2,200

2,100

1,900

1,800

1,700

1,600

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
284,278
0
0
0
317,236
0
0
0
364,186
369,133
370,438
378,603
383,422
394,552
407,635
431,518
445,491
460,675
476,897
532,817
494,031
507,804
491,957
485,677
486,867
498,013
434,897
463,612
472,303
508,537
521,159
529,360
343,254
384,469
396,774
420,720
434,945
439,485
416,409
430,594
440,249
568,448
586,272
601,098
620,292
601,353
639,409
657,323
730,394
740,201
770,430
827,313
834,161
936,280
951,471
1,511,921
1,552,985
1,624,436
1,655,191
1,799,812
1,873,889
1,923,290
2,582,504
2,725,012
2,706,824
3,089,113
3,138,790
3,131,665
28,349
22,156
252,331
112,850
80,635
81,624
113,990
143,234
122,876

122,876

143,234

113,990

81,624

80,635

112,850

252,331

22,156

28,349

3,131,665

3,138,790

3,089,113

2,706,824

2,725,012

2,582,504

1,923,290

1,873,889

1,799,812

1,655,191

1,624,436

1,552,985

1,511,921

951,471

936,280

834,161

827,313

770,430

740,201

730,394

657,323

639,409

601,353

620,292

601,098

586,272

568,448

440,249

430,594

416,409

439,485

434,945

420,720

396,774

384,469

343,254

529,360

521,159

508,537

472,303

463,612

434,897

498,013

486,867

485,677

491,957

507,804

494,031

532,817

476,897

460,675

445,491

431,518

407,635

394,552

383,422

378,603

370,438

369,133

364,186

317,236

284,278

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
40,300
42,700
45,800
47,200
64,200
71,400
73,000
69,600
66,600
67,400
66,549
67,252
70,770
77,466
67,924
61,226
58,844
58,743
57,369
60,315
59,392
62,176
62,036
59,580
57,105
58,013
55,442
49,259
46,996
50,017
47,885
54,559
55,388
57,706
60,189
65,484
63,086
68,267
66,666
65,648
66,500
66,088
68,053
62,014
60,036
14,949
15,651
16,228
15,669
14,289
16,973
17,826
17,126
14,552
17,391
17,063
16,460
14,614
16,662
16,525
15,922
14,427
16,568
17,991
17,292
13,734
16,634
15,765
15,577
693,164
20,824
21,970
21,789
18,576
19,739
18,622
18,881
941,972
19,710
18,990
20,959
1,027,701
51,490
54,430
100,374
95,364
124,823
123,158
121,670
108,424
122,754
121,106
122,374
105,510
122,897
121,795
120,096
561,264
676,148
784,803
811,009
805,469
800,445
222,212
221,788
5,167,916

5,167,916

221,788

222,212

800,445

805,469

811,009

784,803

676,148

561,264

120,096

121,795

122,897

105,510

122,374

121,106

122,754

108,424

121,670

123,158

124,823

95,364

100,374

54,430

51,490

1,027,701

20,959

18,990

19,710

941,972

18,881

18,622

19,739

18,576

21,789

21,970

20,824

693,164

15,577

15,765

16,634

13,734

17,292

17,991

16,568

14,427

15,922

16,525

16,662

14,614

16,460

17,063

17,391

14,552

17,126

17,826

16,973

14,289

15,669

16,228

15,651

14,949

60,036

62,014

68,053

66,088

66,500

65,648

66,666

68,267

63,086

65,484

60,189

57,706

55,388

54,559

47,885

50,017

46,996

49,259

55,442

58,013

57,105

59,580

62,036

62,176

59,392

60,315

57,369

58,743

58,844

61,226

67,924

77,466

70,770

67,252

66,549

67,400

66,600

69,600

73,000

71,400

64,200

47,200

45,800

42,700

40,300

Property Plant Equipment

0
0
0
0
0
3,500
3,500
3,400
3,300
3,300
3,200
3,200
3,500
3,400
3,600
3,500
3,400
3,400
3,400
3,300
3,216
3,163
3,512
3,581
3,522
3,480
3,449
3,395
3,409
3,346
3,323
3,317
4,051
3,997
3,941
3,920
5,050
4,991
4,975
4,874
5,117
5,932
6,433
6,334
6,367
6,248
6,125
9,562
9,942
10,795
10,722
10,638
10,746
10,789
11,083
11,377
11,946
12,215
12,164
12,904
13,279
13,548
13,443
13,185
13,176
13,289
13,266
13,324
13,473
13,187
13,233
13,123
13,157
13,024
12,759
12,469
12,655
12,515
12,303
12,225
14,096
14,344
14,196
13,993
13,728
13,492
13,325
11,074
11,148
11,190
14,260
16,168
20,015
23,905
25,467
25,303
38,712
37,954
37,265
39,826
40,648
39,982
38,712
38,310
38,723
38,299
38,636
45,374
45,405
45,055
45,158
46,176
45,467
51,153
50,315
48,589

48,589

50,315

51,153

45,467

46,176

45,158

45,055

45,405

45,374

38,636

38,299

38,723

38,310

38,712

39,982

40,648

39,826

37,265

37,954

38,712

25,303

25,467

23,905

20,015

16,168

14,260

11,190

11,148

11,074

13,325

13,492

13,728

13,993

14,196

14,344

14,096

12,225

12,303

12,515

12,655

12,469

12,759

13,024

13,157

13,123

13,233

13,187

13,473

13,324

13,266

13,289

13,176

13,185

13,443

13,548

13,279

12,904

12,164

12,215

11,946

11,377

11,083

10,789

10,746

10,638

10,722

10,795

9,942

9,562

6,125

6,248

6,367

6,334

6,433

5,932

5,117

4,874

4,975

4,991

5,050

3,920

3,941

3,997

4,051

3,317

3,323

3,346

3,409

3,395

3,449

3,480

3,522

3,581

3,512

3,163

3,216

3,300

3,400

3,500

3,600

3,400

3,500

3,200

3,300

3,400

3,500

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
259
0
0
0
259
0
0
0
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
1,016
3,613
3,919
3,918
3,918
627
3,918
3,918
3,918
3,918
3,918
3,918
3,918
22,528
23,107
62,767
62,840
62,840
62,840
62,840
62,840
62,840
62,840
62,840
62,840
62,840
62,840
62,840
113,835
113,835
113,835
113,871
114,231
114,231
129,403
129,897
127,031

127,031

129,897

129,403

114,231

113,871

113,835

62,840

62,767

23,107

22,528

3,918

627

3,918

3,919

3,613

1,016

259

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
472,669
477,557
475,945
482,093
479,397
476,772
478,711
0
512,391
522,753
540,145
543,316
542,485
561,750
564,817
688,587
698,301
712,101
733,023
740,013
762,241
784,002
806,741
876,254
925,690
952,509
1,004,154
1,253,107
1,293,302
1,841,105
1,784,040
1,800,975
1,839,584
1,871,590
1,889,718
1,956,098
158,879
2,650,131
134,555
134,318
161,702
158,311
3,481,918
508,658
618,184
5,997
637,802
633,831
634,038
620,038
623,121

623,121

620,038

634,038

633,831

637,802

5,997

618,184

508,658

3,481,918

158,311

161,702

134,318

134,555

2,650,131

158,879

1,956,098

1,889,718

1,871,590

1,839,584

1,800,975

1,784,040

1,841,105

1,293,302

1,253,107

1,004,154

952,509

925,690

876,254

806,741

784,002

762,241

740,013

733,023

712,101

698,301

688,587

564,817

561,750

542,485

543,316

540,145

522,753

512,391

478,711

476,772

479,397

482,093

475,945

477,557

472,669

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
530
0
0
0
494
0
0
0
1,444
1,428
1,411
1,395
1,378
1,362
1,346
1,436
406
389
385
381
369
356
354
351
351
333
308
300
274
264
269
259
288
278
252
191
249
245
230
203
187
752
735
699
665
12,586
594
562
539
510
486
460
434
5,126
4,879
7,708
7,221
6,825
6,464
6,109
5,758
5,435
5,108
4,791
4,360
4,079
3,804
3,537
9,436
8,250
7,729
7,215
7,260
6,916
7,453
6,970
6,479

6,479

6,970

7,453

6,916

7,260

7,215

7,729

8,250

9,436

3,537

3,804

4,079

4,360

4,791

5,108

5,435

5,758

6,109

6,464

6,825

7,221

7,708

4,879

5,126

434

460

486

510

539

562

594

12,586

665

699

735

752

187

203

230

245

249

191

252

278

288

259

269

264

274

300

308

333

351

354

356

369

381

385

389

406

1,436

1,346

1,362

1,378

1,395

1,411

1,428

1,444

494

530

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
336,537
283,418
352,933
312,073
336,869
307,984
0
0
0
0
0
0
0
0
0
0
0
0
0
0

307,984

336,869

312,073

352,933

283,418

336,537

Other Assets

0
0
0
0
0
202,200
205,000
210,200
209,000
216,300
141,700
144,400
145,100
146,600
153,800
155,900
155,600
158,400
165,800
175,900
183,410
181,123
183,884
187,254
192,206
198,774
203,304
207,731
214,980
215,292
219,361
225,519
228,534
226,046
238,648
236,316
243,847
270,117
281,618
284,278
287,177
291,033
310,153
317,236
323,841
339,665
338,364
364,186
369,133
370,438
378,603
383,422
394,552
407,635
431,518
494,387
498,743
515,166
531,101
584,195
591,251
530,683
533,501
616,126
557,201
545,533
541,394
690,922
533,568
520,252
529,411
679,573
545,870
541,146
546,190
691,984
564,403
563,772
642,649
113,163
788,618
726,997
739,212
900,819
765,619
808,352
830,633
77,836
907,189
952,296
1,006,620
122,330
1,191,440
1,218,718
1,794,778
1,958,017
1,877,362
1,887,500
2,011,640
2,097,005
2,109,028
2,731,529
2,864,933
2,862,154
3,080,617
3,140,512
3,130,158
3,866,340
3,775,781
3,223,957
3,183,872
3,366,302
3,470,614
4,775,710
4,917,023
5,003,690

5,003,690

4,917,023

4,775,710

3,470,614

3,366,302

3,183,872

3,223,957

3,775,781

3,866,340

3,130,158

3,140,512

3,080,617

2,862,154

2,864,933

2,731,529

2,109,028

2,097,005

2,011,640

1,887,500

1,877,362

1,958,017

1,794,778

1,218,718

1,191,440

122,330

1,006,620

952,296

907,189

77,836

830,633

808,352

765,619

900,819

739,212

726,997

788,618

113,163

642,649

563,772

564,403

691,984

546,190

541,146

545,870

679,573

529,411

520,252

533,568

690,922

541,394

545,533

557,201

616,126

533,501

530,683

591,251

584,195

531,101

515,166

498,743

494,387

431,518

407,635

394,552

383,422

378,603

370,438

369,133

364,186

338,364

339,665

323,841

317,236

310,153

291,033

287,177

284,278

281,618

270,117

243,847

236,316

238,648

226,046

228,534

225,519

219,361

215,292

214,980

207,731

203,304

198,774

192,206

187,254

183,884

181,123

183,410

175,900

165,800

158,400

155,600

155,900

153,800

146,600

145,100

144,400

141,700

216,300

209,000

210,200

205,000

202,200

> Total Liabilities

0
0
0
0
0
179,000
181,400
185,500
184,200
190,800
195,500
201,900
209,900
211,800
234,400
246,300
248,100
250,500
252,100
260,900
263,279
265,910
276,135
285,958
285,125
287,938
291,945
298,919
301,209
307,154
316,338
328,080
332,480
325,102
336,068
336,105
343,011
364,670
363,730
367,984
367,336
378,556
398,719
401,249
404,057
419,283
417,406
452,609
453,523
453,161
463,786
469,313
495,183
500,181
511,716
521,410
514,607
529,267
547,572
559,306
620,255
567,533
583,727
589,256
631,187
636,288
668,287
661,931
663,268
641,203
666,548
652,980
673,911
654,555
645,435
660,209
663,231
678,920
764,403
755,657
895,149
825,957
839,745
861,656
889,672
938,410
967,602
962,132
1,000,611
1,036,240
1,075,982
1,094,651
1,252,093
1,273,872
1,822,445
1,854,772
1,920,380
1,904,860
2,014,287
1,993,301
2,060,240
2,679,020
2,804,746
2,743,260
3,118,002
3,120,223
3,103,879
4,199,349
4,173,013
3,814,328
3,834,798
3,974,158
4,072,672
4,562,925
4,687,252
4,748,442

4,748,442

4,687,252

4,562,925

4,072,672

3,974,158

3,834,798

3,814,328

4,173,013

4,199,349

3,103,879

3,120,223

3,118,002

2,743,260

2,804,746

2,679,020

2,060,240

1,993,301

2,014,287

1,904,860

1,920,380

1,854,772

1,822,445

1,273,872

1,252,093

1,094,651

1,075,982

1,036,240

1,000,611

962,132

967,602

938,410

889,672

861,656

839,745

825,957

895,149

755,657

764,403

678,920

663,231

660,209

645,435

654,555

673,911

652,980

666,548

641,203

663,268

661,931

668,287

636,288

631,187

589,256

583,727

567,533

620,255

559,306

547,572

529,267

514,607

521,410

511,716

500,181

495,183

469,313

463,786

453,161

453,523

452,609

417,406

419,283

404,057

401,249

398,719

378,556

367,336

367,984

363,730

364,670

343,011

336,105

336,068

325,102

332,480

328,080

316,338

307,154

301,209

298,919

291,945

287,938

285,125

285,958

276,135

265,910

263,279

260,900

252,100

250,500

248,100

246,300

234,400

211,800

209,900

201,900

195,500

190,800

184,200

185,500

181,400

179,000

> Total Current Liabilities

0
0
0
0
0
5,200
3,300
5,500
2,000
11,400
9,200
3,400
7,200
5,600
2,800
13,400
7,400
12,800
16,400
25,800
17,829
13,837
20,669
24,284
12,209
8,130
12,115
10,902
6,725
5,444
5,582
19,343
19,522
10,523
5,959
10,733
15,534
13,841
10,904
14,993
6,886
8,520
16,703
13,877
14,137
9,990
20,601
26,187
10,641
22,481
44,388
39,339
40,565
38,812
35,312
23,977
7,136
35,604
24,856
18,301
3,054
2,111
1,896
4,436
698
1,922
636
2,439
1,002
3,445
1,179
1,789
736
27,512
9,245
27,068
28,544
7,620
21,854
14,813
621
14,981
5,712
33,417
586
698
748
2,370
621
21,468
20,000
7,961
922
1,186
1,771
47,796
35,000
13,000
12,000
2,810
2,478
203,937
205,576
129,236
309,074
196,889
1,901
1,791
2,067
1,542
1,841
104,950
93,809
112,442
139,000
3,779,153

3,779,153

139,000

112,442

93,809

104,950

1,841

1,542

2,067

1,791

1,901

196,889

309,074

129,236

205,576

203,937

2,478

2,810

12,000

13,000

35,000

47,796

1,771

1,186

922

7,961

20,000

21,468

621

2,370

748

698

586

33,417

5,712

14,981

621

14,813

21,854

7,620

28,544

27,068

9,245

27,512

736

1,789

1,179

3,445

1,002

2,439

636

1,922

698

4,436

1,896

2,111

3,054

18,301

24,856

35,604

7,136

23,977

35,312

38,812

40,565

39,339

44,388

22,481

10,641

26,187

20,601

9,990

14,137

13,877

16,703

8,520

6,886

14,993

10,904

13,841

15,534

10,733

5,959

10,523

19,522

19,343

5,582

5,444

6,725

10,902

12,115

8,130

12,209

24,284

20,669

13,837

17,829

25,800

16,400

12,800

7,400

13,400

2,800

5,600

7,200

3,400

9,200

11,400

2,000

5,500

3,300

5,200

Short-term Debt

0
0
0
0
0
3,800
1,600
4,500
700
10,000
7,400
2,200
5,700
4,000
700
12,200
5,800
11,100
14,400
24,600
16,195
11,999
18,331
22,738
10,243
6,018
9,698
9,610
4,954
3,739
3,442
18,156
18,000
9,051
4,189
9,688
14,204
12,341
9,229
13,801
5,486
6,874
14,813
12,342
12,460
8,004
18,146
24,275
8,173
19,750
41,429
37,349
37,828
35,809
31,998
23,977
7,136
35,604
24,856
16,044
31,068
2,111
1,896
1,561
698
1,922
636
22,701
22,654
3,445
22,558
22,510
0
27,512
9,245
23,833
28,544
7,620
21,854
578
621
14,981
5,712
31,596
31,596
30,194
13,638
2,370
13,524
21,468
20,000
34,611
34,611
12,241
1,771
43,100
35,000
13,000
12,000
32,903
23,364
203,937
203,842
125,617
307,753
196,889
-30,259
-8,988
74,681
4,592
4,501
102,647
88,000
112,442
139,000
279,216

279,216

139,000

112,442

88,000

102,647

4,501

4,592

74,681

-8,988

-30,259

196,889

307,753

125,617

203,842

203,937

23,364

32,903

12,000

13,000

35,000

43,100

1,771

12,241

34,611

20,000

21,468

13,524

2,370

13,638

30,194

31,596

5,712

14,981

621

578

21,854

7,620

28,544

23,833

9,245

27,512

22,510

22,558

3,445

22,654

22,701

636

1,922

698

1,561

1,896

2,111

31,068

16,044

24,856

35,604

7,136

23,977

31,998

35,809

37,828

37,349

41,429

19,750

8,173

24,275

18,146

8,004

12,460

12,342

14,813

6,874

5,486

13,801

9,229

12,341

14,204

9,688

4,189

9,051

18,000

18,156

3,442

3,739

4,954

9,610

9,698

6,018

10,243

22,738

18,331

11,999

16,195

24,600

14,400

11,100

5,800

12,200

700

4,000

5,700

2,200

7,400

10,000

700

4,500

1,600

3,800

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,000
0
0
0
26,521
0
0
0
1,016
20,940
42,354
40,830
64,301
29,632
29,583
0
0
35,000
13,000
12,000
0
0
203,937
0
0
0
196,889
0
0
0
0
0
102,647
88,000
112,442
139,000
0

139,000

112,442

88,000

102,647

196,889

203,937

12,000

13,000

35,000

29,583

29,632

64,301

40,830

42,354

20,940

1,016

26,521

15,000

Accounts payable

0
0
0
0
0
1,400
1,700
1,000
1,300
1,400
1,800
1,200
1,500
1,600
2,100
1,200
1,600
1,700
2,000
1,200
1,634
1,838
2,338
1,546
1,966
2,112
2,417
1,292
1,771
1,705
2,140
1,187
1,522
1,472
1,770
1,045
1,330
1,500
1,675
1,192
1,400
1,646
1,890
1,535
1,677
1,986
2,455
1,912
2,468
2,731
2,959
1,990
2,737
3,003
3,314
2,411
2,727
2,741
2,994
1,750
1,899
2,005
2,208
1,111
1,340
1,769
1,792
1,064
1,002
1,102
1,179
620
736
777
803
393
486
600
646
349
498
541
605
390
586
698
748
515
621
788
940
645
922
1,186
2,262
2,262
2,921
2,696
2,823
2,208
2,478
2,590
2,840
2,007
1,902
2,122
1,901
1,791
2,067
1,542
1,841
2,303
5,809
11,834
14,657
14,257

14,257

14,657

11,834

5,809

2,303

1,841

1,542

2,067

1,791

1,901

2,122

1,902

2,007

2,840

2,590

2,478

2,208

2,823

2,696

2,921

2,262

1,186

922

645

940

788

621

515

748

698

586

390

605

541

498

349

646

600

486

393

803

777

736

620

1,179

1,102

1,002

1,064

1,792

1,769

1,340

1,111

2,208

2,005

1,899

1,750

2,994

2,741

2,727

2,411

3,314

3,003

2,737

1,990

2,959

2,731

2,468

1,912

2,455

1,986

1,677

1,535

1,890

1,646

1,400

1,192

1,675

1,500

1,330

1,045

1,770

1,472

1,522

1,187

2,140

1,705

1,771

1,292

2,417

2,112

1,966

1,546

2,338

1,838

1,634

1,200

2,000

1,700

1,600

1,200

2,100

1,600

1,500

1,200

1,800

1,400

1,300

1,000

1,700

1,400

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-19,343
-19,522
-10,523
-5,959
-10,733
-15,534
-13,841
-10,904
-14,993
-6,886
-8,520
-16,703
-13,877
-14,137
-9,990
-20,601
-26,187
-10,641
-22,481
-44,388
-39,339
-40,565
-38,812
-35,312
-2,411
-2,727
-2,741
-2,994
-1,750
-29,913
-2,005
-2,208
-1,111
-1,340
-1,769
-1,792
-1,064
-1,002
-1,102
-1,179
-620
-736
-777
-803
-393
-486
-600
-646
13,886
-498
-541
-605
-390
-586
-698
-748
-515
-621
-788
-940
-27,295
-922
-1,186
-2,262
-2,262
-2,921
-2,696
-2,823
-2,208
-2,478
-2,590
-1,106
-2,007
-581
-2,122
-1,901
-1,791
-2,067
-13,780
-16,093
-13,674
-93,809
-11,834
-14,657
3,499,937

3,499,937

-14,657

-11,834

-93,809

-13,674

-16,093

-13,780

-2,067

-1,791

-1,901

-2,122

-581

-2,007

-1,106

-2,590

-2,478

-2,208

-2,823

-2,696

-2,921

-2,262

-1,186

-922

-27,295

-940

-788

-621

-515

-748

-698

-586

-390

-605

-541

-498

13,886

-646

-600

-486

-393

-803

-777

-736

-620

-1,179

-1,102

-1,002

-1,064

-1,792

-1,769

-1,340

-1,111

-2,208

-2,005

-29,913

-1,750

-2,994

-2,741

-2,727

-2,411

-35,312

-38,812

-40,565

-39,339

-44,388

-22,481

-10,641

-26,187

-20,601

-9,990

-14,137

-13,877

-16,703

-8,520

-6,886

-14,993

-10,904

-13,841

-15,534

-10,733

-5,959

-10,523

-19,522

-19,343

> Long-term Liabilities

0
0
0
0
0
900
1,100
600
1,200
800
4,700
5,700
10,700
15,600
15,600
15,600
15,500
15,500
15,400
16,400
24,362
24,322
24,282
29,241
34,199
34,156
32,612
32,568
32,523
32,477
32,431
32,383
32,334
37,285
40,735
35,684
35,632
45,596
49,986
49,957
59,928
59,898
59,868
59,838
64,807
64,776
64,745
59,713
59,681
54,648
54,615
54,581
45,343
55,303
55,264
497,433
507,471
493,663
522,716
541,005
570,059
565,422
581,831
584,820
630,489
634,366
667,651
659,492
22,654
637,758
22,558
651,191
21,777
627,043
636,190
633,141
634,687
671,300
683,738
30,889
821,445
810,976
834,033
828,239
40,250
30,194
13,638
797,483
13,524
1,014,772
1,055,982
863,917
12,297
12,241
1,820,674
1,806,976
1,885,380
1,891,860
2,002,287
1,990,491
23,364
2,475,083
2,599,170
2,614,024
2,808,928
2,923,334
74,858
1,791
2,067
1,542
1,841
104,950
93,809
4,450,483
4,548,252
969,289

969,289

4,548,252

4,450,483

93,809

104,950

1,841

1,542

2,067

1,791

74,858

2,923,334

2,808,928

2,614,024

2,599,170

2,475,083

23,364

1,990,491

2,002,287

1,891,860

1,885,380

1,806,976

1,820,674

12,241

12,297

863,917

1,055,982

1,014,772

13,524

797,483

13,638

30,194

40,250

828,239

834,033

810,976

821,445

30,889

683,738

671,300

634,687

633,141

636,190

627,043

21,777

651,191

22,558

637,758

22,654

659,492

667,651

634,366

630,489

584,820

581,831

565,422

570,059

541,005

522,716

493,663

507,471

497,433

55,264

55,303

45,343

54,581

54,615

54,648

59,681

59,713

64,745

64,776

64,807

59,838

59,868

59,898

59,928

49,957

49,986

45,596

35,632

35,684

40,735

37,285

32,334

32,383

32,431

32,477

32,523

32,568

32,612

34,156

34,199

29,241

24,282

24,322

24,362

16,400

15,400

15,500

15,600

10,700

5,700

4,700

800

1,200

600

1,100

900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,500
7,407
7,409
7,411
7,414
7,416
7,419
7,421
17,338
17,335
17,342
27,088
27,082
27,076
27,070
27,067
27,070
42,059
127,291
41,972
44,580
44,586
44,593
44,599
0
0
0
0
0
56,794
46,648
0
0

46,648

56,794

44,599

44,593

44,586

44,580

41,972

127,291

42,059

27,070

27,067

27,070

27,076

27,082

27,088

17,342

17,335

17,338

7,421

7,419

7,416

7,414

7,411

7,409

7,407

7,500

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,955
2,925
3,908
2,571
3,520
3,078
4,476
2,636
3,230
3,231
3,715
2,838
3,410
3,275
3,644
2,395
3,230
3,496
3,855
3,082
3,204
3,968
4,517
3,795
3,972
4,589
5,286
4,395
5,519
5,402
5,798
4,566
5,806
6,519
6,557
5,386
5,720
5,948
6,201
5,190
5,321
5,331
5,588
4,830
7,754
5,527
9,124
5,175
4,043
4,738
13,966
5,009
11,949
5,336
7,146
5,101
4,912
6,241
4,733
5,066
5,919
5,630
7,520
5,212
9,434
7,367
8,336
5,764
7,784
6,418
8,477
6,782
10,038
6,585
10,795
8,278
7,190
6,675
7,799
6,182
6,988
7,246
11,549
10,161
7,570
8,164
9,690
42,418
22,171
21,288
22,242
31,499
0
0
0
0

31,499

22,242

21,288

22,171

42,418

9,690

8,164

7,570

10,161

11,549

7,246

6,988

6,182

7,799

6,675

7,190

8,278

10,795

6,585

10,038

6,782

8,477

6,418

7,784

5,764

8,336

7,367

9,434

5,212

7,520

5,630

5,919

5,066

4,733

6,241

4,912

5,101

7,146

5,336

11,949

5,009

13,966

4,738

4,043

5,175

9,124

5,527

7,754

4,830

5,588

5,331

5,321

5,190

6,201

5,948

5,720

5,386

6,557

6,519

5,806

4,566

5,798

5,402

5,519

4,395

5,286

4,589

3,972

3,795

4,517

3,968

3,204

3,082

3,855

3,496

3,230

2,395

3,644

3,275

3,410

2,838

3,715

3,231

3,230

2,636

4,476

3,078

3,520

2,571

3,908

2,925

2,955

> Total Stockholder Equity

0
0
0
0
0
23,200
23,600
24,700
24,800
25,500
26,500
26,900
27,300
27,700
31,500
31,500
27,100
26,400
26,500
26,600
26,435
26,825
27,810
29,626
30,521
30,974
31,784
31,716
32,050
33,384
34,911
35,204
35,763
36,940
36,586
37,361
34,941
33,864
34,819
35,272
35,208
35,917
36,310
36,861
37,314
37,402
38,381
39,085
38,983
38,999
39,810
40,444
40,791
40,518
40,696
50,890
50,463
50,149
50,620
46,704
47,142
47,962
48,825
48,201
49,105
51,079
52,530
53,452
54,357
55,731
56,956
52,220
52,519
51,094
52,553
52,916
55,245
57,560
58,811
59,130
73,083
73,385
75,520
70,068
71,222
74,474
75,085
70,467
72,327
75,636
77,391
75,703
139,124
141,775
221,835
223,209
227,437
231,262
234,612
237,874
239,511
243,345
248,189
255,688
264,036
341,569
349,308
490,076
494,161
495,835
499,105
512,099
510,793
530,962
528,711
542,350

542,350

528,711

530,962

510,793

512,099

499,105

495,835

494,161

490,076

349,308

341,569

264,036

255,688

248,189

243,345

239,511

237,874

234,612

231,262

227,437

223,209

221,835

141,775

139,124

75,703

77,391

75,636

72,327

70,467

75,085

74,474

71,222

70,068

75,520

73,385

73,083

59,130

58,811

57,560

55,245

52,916

52,553

51,094

52,519

52,220

56,956

55,731

54,357

53,452

52,530

51,079

49,105

48,201

48,825

47,962

47,142

46,704

50,620

50,149

50,463

50,890

40,696

40,518

40,791

40,444

39,810

38,999

38,983

39,085

38,381

37,402

37,314

36,861

36,310

35,917

35,208

35,272

34,819

33,864

34,941

37,361

36,586

36,940

35,763

35,204

34,911

33,384

32,050

31,716

31,784

30,974

30,521

29,626

27,810

26,825

26,435

26,600

26,500

26,400

27,100

31,500

27,700

27,300

26,900

26,500

25,500

24,800

24,700

23,600

23,200

Common Stock

0
0
0
0
0
1,200
1,200
1,300
1,300
1,300
0
0
0
0
0
0
0
0
0
3,100
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,057
3,208
3,208
3,208
3,208
3,208
3,208
3,208
3,208
3,208
3,208
3,208
3,367
3,367
3,367
3,367
3,367
3,533
3,533
3,533
3,533
3,533
3,533
3,480
3,480
3,480
3,480
3,480
3,480
3,480
3,480
3,480
3,481
3,482
3,483
3,484
3,486
3,487
3,489
3,490
3,491
3,492
3,494
3,494
3,495
3,496
3,497
3,498
4,223
4,224
4,226
4,227
4,228
4,229
4,232
4,233
4,234
4,235
4,241
4,242
6,123
6,125
8,457
8,460
8,462
8,465
8,478
8,481
8,484
8,489
8,508
8,512
8,515
11,507
11,532
16,056
16,059
16,081
16,091
16,094
16,098
16,980
16,993
16,999

16,999

16,993

16,980

16,098

16,094

16,091

16,081

16,059

16,056

11,532

11,507

8,515

8,512

8,508

8,489

8,484

8,481

8,478

8,465

8,462

8,460

8,457

6,125

6,123

4,242

4,241

4,235

4,234

4,233

4,232

4,229

4,228

4,227

4,226

4,224

4,223

3,498

3,497

3,496

3,495

3,494

3,492

3,491

3,490

3,489

3,487

3,486

3,484

3,483

3,482

3,481

3,480

3,533

3,367

3,208

3,057

3,100

1,300

1,200

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,336
7,169
8,222
9,057
10,118
11,085
11,741
0
13,426
14,651
15,441
16,691
17,960
19,117
19,217
19,743
21,273
22,569
23,470
24,345
25,860
27,253
28,399
29,842
31,637
33,334
32,565
33,525
35,386
36,244
39,562
41,842
44,721
48,009
50,891
52,759
58,069
63,099
70,175
77,888
85,220
92,722
91,043
99,206
108,265
120,572
133,114
129,617
131,271
0
0

131,271

129,617

133,114

120,572

108,265

99,206

91,043

92,722

85,220

77,888

70,175

63,099

58,069

52,759

50,891

48,009

44,721

41,842

39,562

36,244

35,386

33,525

32,565

33,334

31,637

29,842

28,399

27,253

25,860

24,345

23,470

22,569

21,273

19,743

19,217

19,117

17,960

16,691

15,441

14,651

13,426

11,741

11,085

10,118

9,057

8,222

7,169

6,336

Accumulated Other Comprehensive Income

0
0
0
0
0
0
200
400
0
200
200
300
300
300
700
0
0
0
0
-1,900
-2,340
-2,328
-1,674
-344
193
231
607
-56
-219
763
1,735
1,357
1,481
2,012
1,260
1,415
1,732
318
883
693
408
594
494
231
173
-187
246
317
98
-273
44
284
519
48
-200
404
585
183
1,091
773
604
762
1,273
36
234
1,442
2,054
1,916
1,975
2,278
2,524
2,293
1,891
-652
-433
-872
193
1,228
1,309
1,513
1,874
631
1,440
1,812
2,064
3,776
2,956
-2,853
-2,482
-1,011
-1,030
-2,074
-3,906
-3,234
-3,691
-2,378
-571
226
131
343
-52
-150
-284
-57
501
219
147
158
-4,946
-9,759
-19,130
-19,216
-17,374
-17,805
-21,362
-16,637

-16,637

-21,362

-17,805

-17,374

-19,216

-19,130

-9,759

-4,946

158

147

219

501

-57

-284

-150

-52

343

131

226

-571

-2,378

-3,691

-3,234

-3,906

-2,074

-1,030

-1,011

-2,482

-2,853

2,956

3,776

2,064

1,812

1,440

631

1,874

1,513

1,309

1,228

193

-872

-433

-652

1,891

2,293

2,524

2,278

1,975

1,916

2,054

1,442

234

1,273

762

604

773

1,091

183

585

404

-200

519

284

-273

317

246

-187

173

231

494

594

408

693

883

318

1,732

1,415

1,260

2,012

1,481

1,357

1,735

763

-219

-56

607

231

193

-344

-1,674

-2,328

-2,340

-1,900

700

300

200

400

200

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,819
29,824
29,830
29,839
29,848
29,858
29,816
0
29,828
29,841
29,853
29,866
29,876
29,888
29,902
40,493
40,507
40,535
40,559
40,585
40,609
40,644
40,688
40,733
40,775
40,846
40,970
103,382
103,498
177,421
177,565
177,704
177,850
177,994
178,159
178,320
178,497
178,659
178,853
179,055
246,546
246,830
384,742
385,765
386,128
386,452
386,987
387,332
404,902
0
0

404,902

387,332

386,987

386,452

386,128

385,765

384,742

246,830

246,546

179,055

178,853

178,659

178,497

178,320

178,159

177,994

177,850

177,704

177,565

177,421

103,498

103,382

40,970

40,846

40,775

40,733

40,688

40,644

40,609

40,585

40,559

40,535

40,507

40,493

29,902

29,888

29,876

29,866

29,853

29,841

29,828

29,816

29,858

29,848

29,839

29,830

29,824

29,819

Treasury Stock

-9,460

-4,880

-1,923

-1,795

-1,793

-1,560

-1,392

-1,227

-1,140

-1,035

-1,019

-933

-634

-562

-536

-694

-536

-563

-535

-539

-586

-542

-533

-522

-533

-550

-534

-533

-555

-533

-538

-533

-541

-533

-548

Other Stockholders Equity

0
0
0
0
0
9,300
9,200
11,100
11,200
13,300
26,300
16,000
16,000
16,000
16,300
19,900
19,400
18,300
18,100
17,900
17,480
17,507
18,153
19,491
20,023
20,066
20,420
19,779
19,615
20,581
21,570
19,846
19,835
22,930
22,886
22,933
22,937
22,937
22,909
22,936
22,778
22,936
22,936
22,936
26,916
26,916
26,890
26,818
26,519
30,088
30,072
29,967
29,880
29,715
29,715
29,838
29,835
29,831
29,828
29,824
29,821
29,817
29,814
29,810
29,814
29,819
29,824
29,830
29,839
29,848
29,858
29,816
29,816
29,828
29,841
29,853
29,866
29,876
29,888
29,902
40,493
40,507
40,535
40,559
40,585
40,609
40,644
40,688
40,733
40,775
40,846
40,970
103,382
103,498
177,421
177,565
177,704
177,850
177,994
178,159
178,320
176,937
176,866
177,058
177,132
244,623
244,907
382,819
383,842
381,248
381,572
382,107
382,452
400,516
395,881
396,006

396,006

395,881

400,516

382,452

382,107

381,572

381,248

383,842

382,819

244,907

244,623

177,132

177,058

176,866

176,937

178,320

178,159

177,994

177,850

177,704

177,565

177,421

103,498

103,382

40,970

40,846

40,775

40,733

40,688

40,644

40,609

40,585

40,559

40,535

40,507

40,493

29,902

29,888

29,876

29,866

29,853

29,841

29,828

29,816

29,858

29,848

29,839

29,830

29,824

29,819

29,814

29,810

29,814

29,817

29,821

29,824

29,828

29,831

29,835

29,838

29,715

29,880

29,967

30,072

30,088

26,519

26,818

26,890

26,916

22,936

22,778

22,936

22,909

22,937

22,933

22,886

22,930

19,835

19,846

21,570

20,581

19,615

19,779

20,420

20,066

20,023

19,491

18,153

17,507

17,480

17,900

18,100

18,300

19,400

19,900

16,300

16,000

26,300

13,300

11,200

11,100

9,200

9,300

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	14,257	2,303	1,791	2,007	2,208	2,262	645	515	390	349	393	620	1,064	1,111	1,750	2,411	1,990	1,912	1,535	1,192	1,045	1,187	1,292	1,546	1,200	1,200	1,200	0	1,100	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-16,637	-19,216	158	-57	343	-2,378	-1,733	-2,853	1,812	1,513	-872	2,293	1,916	36	773	404	284	317	231	693	1,415	1,357	-56	-344	-1,900	0	300	168	600	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	12,482	9,725	14,743	11,200	12,544	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	16,999	16,094	16,056	8,512	8,481	8,460	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	386,987	384,742	178,853	178,159	177,565	40,970	40,688	40,559	29,902	29,853	29,816	29,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	80,103	57,773	187,131	32,825	30,403	29,172	22,823	15,496	17,601	15,654	16,136	36,036	11,402	62,704	47,564	58,524	57,429	56,419	60,899	67,086	77,374	73,582	62,070	48,362	42,100	48,600	40,100	32,875	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-45,435	296,081	250,493	39,088	67,412	141,095	116,288	149,121	153,322	157,288	138,939	190,331	38,879	62,704	47,564	58,524	57,429	56,419	60,899	67,086	77,374	73,582	62,070	48,362	42,100	48,600	40,100	32,875	0	0
Common Stock	16,999	16,094	16,056	8,512	8,481	8,460	4,242	4,233	4,227	3,498	3,494	3,490	3,484	3,480	3,480	3,480	3,533	3,367	3,208	3,208	3,208	3,057	3,057	3,057	3,100	0	0	1,261	1,200	0
Common Stock Shares Outstanding	16,351	15,935	10,820	8,443	8,492	7,092	4,253	4,218	4,107	3,497	3,492	3,487	3,481	3,480	3,480	3,483	3,498	3,515	3,516	3,516	3,515	3,515	3,518	3,515	3,576	3,516	3,553	3,170	3,330	3,330
Common Stock Total Equity	0	16,094	16,056	8,512	8,481	8,460	4,242	4,233	4,227	3,498	3,494	3,490	3,484	3,480	3,480	3,480	3,533	3,367	3,208	3,208	3,208	3,057	3,057	3,057	3,100	0	0	1,261	1,200	0
Current Deferred Revenue	-14,257	13,674	-70,852	-123,610	-27,692	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	312,073	314,151	212,622	180,844	156,187	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	127,031	114,231	113,835	62,840	62,840	62,840	3,918	3,918	3,918	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	259	259	0	0	0	0	0	0	0	0	0	0
Intangible Assets	6,479	7,260	9,436	4,360	5,758	7,221	434	539	665	187	249	288	274	351	369	406	1,378	1,444	494	530	0	0	0	0	0	0	0	0	0	0
Inventory	19,615	-80,635	-928,987	-316,829	-147,190	1,017	189	224	1,185	565	965	843	931	596	663	1,516	529	146	458	505	1,117	781	1,693	70	0	0	0	0	0	0
Liabilities And Stockholders Equity	5,290,792	4,486,257	4,689,425	2,998,948	2,231,175	2,077,981	1,170,354	1,032,599	931,638	814,787	713,125	705,200	715,383	637,457	606,010	572,300	509,757	491,694	438,110	403,256	373,466	363,284	330,635	315,584	287,500	277,800	228,800	210,172	194,700	0
Long Term Debt	102,160	61,350	152,164	119,695	27,070	27,082	17,338	7,414	47,719	37,961	22,961	8,321	22,701	22,883	28,057	38,223	39,581	54,713	49,838	49,957	30,851	28,242	33,527	29,241	0	0	0	0	0	0
Long Term Debt Total	0	0	0	44,580	27,070	27,082	17,338	7,414	47,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	623,121	637,802	3,481,918	134,555	1,889,718	1,784,040	1,004,154	806,741	136,086	564,817	540,145	478,711	475,945	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	276,063	115,949	-20,224	98,070	42,114	89,034	41,478	5,499	61,714	37,885	30,842	-13,526	11,299	-33,260	6,537	20,676	34,501	27,569	11,281	-3,328	-32,002	-23,043	-19,892	3,617	-1,100	-20,800	-32,200	-23,653	4,300	0
Net Invested Capital	644,510	676,096	642,240	371,916	297,847	341,415	140,004	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	25,820	18,405	11,328	12,971	7,964	8,244	4,564	3,928	3,813	3,058	2,704	2,893	3,067	2,632	2,781	2,747	2,818	2,822	2,269	1,875	1,763	2,007	2,091	2,502	2,100	1,900	1,600	1,335	0	0
Net Tangible Assets	0	390,608	366,805	188,537	169,276	153,148	71,351	66,010	65,659	52,927	46,651	50,916	42,162	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-3,656,277	209,536	260,030	50,052	73,168	103,977	83,213	150,531	120,267	152,983	109,081	167,768	170,893	78,552	41,608	38,987	20,908	33,054	49,291	53,968	68,404	56,246	53,259	26,580	18,400	37,100	38,300	29,698	0	0
Non Current Assets Total	5,167,916	805,469	561,264	240,065	281,910	375,657	22,408	19,817	20,397	15,553	16,969	16,216	17,053	17,427	16,546	14,949	66,088	68,267	57,706	50,017	58,013	62,176	58,743	77,466	67,400	71,400	42,700	32,130	0	0
Non Current Liabilities Other	0	98,165	114,272	21,361	18,726	8,278	6,137	5,249	0	4,717	4,708	4,389	4,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	969,289	104,950	166,907	130,895	72,517	75,106	1,060,040	13,581	830,060	695,949	636,376	22,510	22,701	587,695	543,262	497,433	54,581	59,713	59,838	49,957	35,684	32,383	32,568	29,241	16,400	15,600	5,700	4,710	1,100	0
Non Currrent Assets Other	4,901,865	-13,674	-10,779	-3,619	-2,810	-4,696	-194,821	-135,519	-135,721	-141,634	-122,803	-154,295	-186,520	-70,702	-47,345	-52,739	-66,088	-68,267	-57,706	-50,017	-58,013	-62,176	-58,743	-77,466	-67,400	-71,400	-42,700	-32,130	-3,500	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	3,366,302	3,866,340	2,706,824	1,873,889	1,552,985	1,030,122	861,736	759,378	645,673	563,242	520,596	526,373	539,917	531,812	494,387	383,422	364,186	317,236	284,278	236,316	225,519	207,731	187,254	175,900	155,900	144,400	143,832	194,700	0
Other Current Assets	122,876	80,635	928,987	316,829	147,190	1,552,985	834,161	730,394	620,292	440,249	434,945	343,254	472,303	486,867	494,031	445,491	383,422	364,186	317,236	284,278	0	0	0	0	0	0	0	0	0	0
Other Current Liab	3,499,937	-13,674	-1,791	-2,007	-2,208	-45,362	-645	-515	-390	-349	-393	-620	-1,064	-1,111	-1,750	-2,411	-39,339	-26,187	-13,877	-14,993	-10,733	-19,343	0	0	0	0	0	0	0	0
Other Liab	0	31,499	42,418	10,161	6,182	8,278	6,137	5,249	4,822	5,066	5,101	5,009	5,175	4,830	5,190	5,386	4,566	4,395	3,795	3,082	2,395	2,838	2,636	2,571	0	0	0	0	0	0
Other Stockholder Equity	396,006	382,107	382,819	177,058	178,159	177,565	40,970	40,688	40,559	29,902	29,853	29,816	29,830	29,810	29,824	29,838	29,967	26,818	22,936	22,936	22,933	19,846	19,779	19,491	17,900	19,900	16,000	11,452	9,100	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	5,000	5,000	4,880	10,000	10,000	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	74,748	46,176	62,795	38,310	39,826	25,303	16,168	11,074	13,993	12,225	12,469	13,123	13,324	13,185	12,904	11,377	10,638	9,562	6,334	4,874	3,920	3,317	3,395	3,581	3,300	3,500	3,200	3,397	3,500	0
Property Plant And Equipment Net	48,589	46,176	45,374	38,310	39,826	25,303	16,168	12,968	13,993	12,225	12,469	13,123	13,324	13,185	12,904	11,377	10,638	9,562	6,334	4,874	3,920	3,317	3,395	3,581	3,300	3,500	3,200	3,397	3,500	0
Property Plant Equipment	0	34,471	33,232	38,310	25,133	26,320	16,357	13,192	13,993	12,225	12,469	13,123	13,324	13,185	12,904	11,377	10,638	9,562	6,334	4,874	3,920	3,317	3,395	3,581	0	0	0	0	0	0
Retained Earnings	145,982	133,114	91,043	70,175	50,891	39,562	32,224	28,399	23,470	19,217	15,441	11,741	8,222	4,875	2,627	7,168	6,660	8,583	10,486	8,435	9,805	10,944	8,880	7,078	5,600	11,600	10,600	11,937	11,800	0
Retained Earnings Total Equity	0	133,114	91,043	70,175	50,891	39,562	32,565	28,399	0	19,217	15,441	11,741	8,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	102,647	0	0	0	43,100	34,611	0	26,521	15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	356,166	173,722	166,907	130,895	72,517	118,206	64,301	20,995	79,315	53,539	46,978	22,510	22,701	29,444	54,101	79,200	91,930	83,988	72,180	63,758	45,372	50,539	42,178	51,979	41,000	27,800	7,900	9,222	4,300	0
Short Term Debt	279,216	102,647	72,643	125,617	29,900	43,100	34,611	13,581	31,596	578	23,833	22,510	22,701	1,561	16,044	23,977	37,349	24,275	12,342	13,801	9,688	18,156	9,610	22,738	24,600	12,200	2,200	4,512	4,300	0
Short Term Investments	223,993	238,308	63,362	6,263	37,009	111,923	93,465	133,625	135,721	141,634	122,803	154,295	27,477	70,702	47,345	52,739	46,830	46,921	54,549	60,407	69,918	65,487	53,042	42,376	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	5,290,792	4,486,257	4,689,425	2,998,948	2,231,175	2,077,981	1,170,354	1,032,599	931,638	814,787	713,125	705,200	715,383	637,457	606,010	572,300	509,757	491,694	438,110	403,256	373,466	363,284	330,635	315,584	287,500	277,800	228,800	210,172	194,700	0
Total Current Assets	122,876	314,486	261,821	52,059	75,376	149,339	117,824	151,046	151,863	153,561	132,914	168,388	171,957	80,113	57,652	62,964	60,247	59,241	63,168	68,961	79,137	75,589	64,161	50,864	44,200	50,500	41,700	34,210	0	0
Total Current Liabilities	3,779,153	104,950	1,791	2,007	2,208	45,362	34,611	515	31,596	578	23,833	620	1,064	1,561	16,044	23,977	39,339	26,187	13,877	14,993	10,733	19,343	10,902	24,284	25,800	13,400	3,400	4,512	5,400	0
Total Liab	4,748,442	3,974,158	4,199,349	2,743,260	1,993,301	1,854,772	1,094,651	962,132	861,570	755,657	660,209	652,980	661,931	589,256	559,306	521,410	469,313	452,609	401,249	367,984	336,105	328,080	298,919	285,958	260,900	246,300	201,900	185,522	172,000	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	542,350	512,099	490,076	255,688	237,874	223,209	75,703	70,467	70,068	59,130	52,916	52,220	53,452	48,201	46,704	50,890	40,444	39,085	36,861	35,272	37,361	35,204	31,716	29,626	26,600	31,500	26,900	24,650	22,700	0
Treasury Stock	0	-4,880	-1,923	-1,795	0	0	0	0	0	0	0	0	0	0	0	0	-1,140	-634	-536	-536	-539	-522	-533	-533	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	14,257	14,657	11,834	5,809	2,303	1,841	1,542	2,067	1,791	1,901	2,122	1,902	2,007	2,840	2,590	2,478	2,208	2,823	2,696	2,921	2,262	2,262	1,186	922	645	940	788	621	515	748	698	586	390	605	541	498	349	646	600	486	393	803	777	736	620	1,179	1,102	1,002	1,064	1,792	1,769	1,340	1,111	2,208	2,005	1,899	1,750	2,994	2,741	2,727	2,411	3,314	3,003	2,737	1,990	2,959	2,731	2,468	1,912	2,455	1,986	1,677	1,535	1,890	1,646	1,400	1,192	1,675	1,500	1,330	1,045	1,770	1,472	1,522	1,187	2,140	1,705	1,771	1,292	2,417	2,112	1,966	1,546	2,338	1,838	1,634	1,200	2,000	1,700	1,600	1,200	2,100	1,600	1,500	1,200	1,800	1,400	1,300	1,000	1,700	1,400	0	0	0	0	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Other Comprehensive Income	-16,637	-21,362	-17,805	-17,374	-19,216	-19,130	-9,759	-4,946	158	147	219	501	-57	-284	-150	-52	343	131	226	-571	-2,378	-3,691	-3,234	-3,906	-2,074	-1,030	-1,011	-2,482	-2,853	2,956	3,776	2,064	1,812	1,440	631	1,874	1,513	1,309	1,228	193	-872	-433	-652	1,891	2,293	2,524	2,278	1,975	1,916	2,054	1,442	234	36	1,273	762	604	773	1,091	183	585	404	-200	48	519	284	44	-273	98	317	246	-187	173	231	494	594	408	693	883	318	1,732	1,415	1,260	2,012	1,481	1,357	1,735	763	-219	-56	607	231	193	-344	-1,674	-2,328	-2,340	-1,900	0	0	0	0	700	300	300	300	200	200	0	400	200	0	0	0	0	0	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	12,482	9,097	9,894	9,270	9,725	10,261	10,324	10,923	14,743	10,950	11,387	11,828	11,200	14,700	11,643	12,070	12,544	11,534	11,983	12,428	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	16,999	16,993	16,980	16,098	16,094	16,091	16,081	16,059	16,056	11,532	11,507	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	404,902	387,332	386,987	386,452	386,128	385,765	384,742	246,830	246,546	179,055	178,853	178,659	178,497	178,320	178,159	177,994	177,850	177,704	177,565	177,421	103,498	103,382	40,970	40,846	40,775	40,733	40,688	40,644	40,609	40,585	40,559	40,535	40,507	40,493	29,902	29,888	29,876	29,866	29,853	29,841	29,828	0	29,816	29,858	29,848	29,839	29,830	29,824	29,819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash	80,103	65,248	89,238	56,154	57,773	80,538	69,349	58,148	187,131	42,670	37,049	37,352	32,825	46,725	36,817	35,949	30,403	59,149	37,800	40,622	29,172	36,351	30,211	26,212	22,823	27,612	28,059	24,556	15,496	16,639	16,844	13,529	17,601	24,547	16,212	19,486	15,654	21,019	17,751	19,353	16,136	21,078	23,828	33,652	36,036	9,524	10,216	36,042	11,402	9,403	10,987	69,494	62,704	56,822	48,709	44,916	47,564	5,819	46,790	46,566	58,524	58,115	68,409	70,724	57,429	55,718	53,313	54,002	56,419	51,873	49,176	55,132	60,899	67,344	66,868	65,592	67,086	68,109	77,459	76,917	77,374	75,094	74,539	75,684	73,582	70,530	62,872	58,837	62,070	59,437	56,761	53,232	48,362	47,096	42,110	37,644	42,100	44,100	46,700	44,500	48,600	46,100	44,000	44,700	40,100	38,400	0	0	0	0	0	0	0	0	0	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	45,873	52,922	76,339	293,201	296,081	323,161	288,501	203,661	250,493	48,190	45,719	41,110	39,088	56,584	60,309	63,369	67,412	111,568	121,204	142,154	141,095	146,878	141,902	148,554	116,288	124,125	139,412	144,081	149,121	190,083	184,186	175,439	153,322	158,243	153,410	162,166	157,288	169,153	160,587	140,762	138,939	140,848	157,784	179,158	190,331	9,524	10,216	36,042	38,879	48,774	67,100	69,494	62,704	56,822	48,709	44,916	47,564	5,819	46,790	46,566	58,524	58,115	68,409	70,724	57,429	55,718	53,313	54,002	56,419	51,873	49,176	55,132	60,899	67,344	66,868	65,592	67,086	68,109	77,459	76,917	77,374	75,094	74,539	75,684	73,582	70,530	62,872	58,837	62,070	59,437	56,761	53,232	48,362	47,096	42,110	37,644	42,100	44,100	46,700	44,500	48,600	46,100	44,000	44,700	40,100	38,400	0	0	0	0	0	0	0	0	0	-
Common Stock	16,999	16,993	16,980	16,098	16,094	16,091	16,081	16,059	16,056	11,532	11,507	8,515	8,512	8,508	8,489	8,484	8,481	8,478	8,465	8,462	8,460	8,457	6,125	6,123	4,242	4,241	4,235	4,234	4,233	4,232	4,229	4,228	4,227	4,226	4,224	4,223	3,498	3,497	3,496	3,495	3,494	3,494	3,492	3,491	3,490	3,489	3,487	3,486	3,484	3,483	3,482	3,481	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,533	3,533	3,533	3,533	3,533	3,533	3,367	3,367	3,367	3,367	3,367	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,100	0	0	0	0	0	0	0	0	0	1,300	1,300	1,300	1,200	1,200	0	0	0	0	-
Common Stock Shares Outstanding	16,574	16,595	16,255	15,931	15,883	15,888	15,971	15,978	11,380	11,432	10,338	8,430	8,394	8,419	8,450	8,486	8,484	8,479	8,468	8,465	8,460	7,695	6,123	5,975	5,975	4,238	4,234	4,233	4,243	4,224	4,213	4,198	4,198	4,191	4,243	3,809	3,483	3,505	3,495	3,494	3,494	3,492	3,491	3,490	3,490	3,487	3,486	3,485	3,485	3,483	3,481	3,481	3,481	3,480	3,480	3,571	3,480	3,480	3,480	3,480	3,480	3,480	3,484	3,489	3,489	3,494	3,497	3,509	3,509	3,515	3,515	3,515	3,515	3,516	3,515	3,515	3,515	3,517	3,517	3,514	3,514	3,514	3,515	3,516	3,516	3,515	3,513	3,516	3,516	3,516	3,519	3,518	3,518	3,515	3,514	3,514	3,514	3,477	3,622	3,739	3,739	3,446	3,365	3,365	3,365	3,245	3,370	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,330
Common Stock Total Equity	0	0	16,980	16,098	16,094	16,091	16,081	16,059	16,056	11,532	11,507	8,515	8,512	8,508	8,489	8,484	8,481	8,478	8,465	8,462	8,460	8,457	6,125	6,123	4,242	4,241	4,235	4,234	4,233	4,232	4,229	4,228	4,227	4,226	4,224	4,223	3,498	3,497	3,496	3,495	3,494	3,494	3,492	3,491	3,490	3,489	3,487	3,486	3,484	3,483	3,482	3,481	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,480	3,533	3,533	3,533	3,533	3,533	3,533	3,367	3,367	3,367	3,367	3,367	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,208	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,057	3,100	0	0	0	0	0	0	0	0	0	1,300	1,300	1,300	1,200	1,200	0	0	0	0	-
Current Deferred Revenue	-14,257	0	0	0	13,674	16,093	13,780	0	10,779	0	0	0	3,619	0	0	0	2,810	0	0	0	4,696	0	0	0	0	0	0	0	0	0	0	0	1,821	0	0	0	0	0	0	0	3,235	0	0	0	1,789	0	0	0	2,439	0	0	0	2,875	0	0	0	2,257	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	307,984	336,869	312,073	352,933	283,418	336,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	127,031	129,897	129,403	114,231	114,231	113,871	113,835	113,835	113,835	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,840	62,767	23,107	22,528	3,918	3,918	3,918	3,918	3,918	3,918	3,918	627	3,918	3,918	3,919	3,613	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	1,016	0	0	0	259	0	0	0	259	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	6,479	6,970	7,453	6,916	7,260	7,215	7,729	8,250	9,436	3,537	3,804	4,079	4,360	4,791	5,108	5,435	5,758	6,109	6,464	6,825	7,221	7,708	4,879	5,126	434	460	486	510	539	562	594	12,586	665	699	735	752	187	203	230	245	249	191	252	278	288	259	269	264	274	300	308	333	351	351	354	356	369	381	385	389	406	1,436	1,346	1,362	1,378	1,395	1,411	1,428	1,444	0	0	0	494	0	0	0	530	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	-71,693	-143,234	-113,990	-81,624	-80,635	-112,850	-252,331	125	0	11	11	154	134	1,716	1,718	1,718	196	130	390	350	1,017	1,101	912	2,093	1,229	1,811	2,369	2,162	224	501	540	794	1,185	990	767	722	565	849	1,083	1,078	965	2,047	1,030	772	843	589	1,537	889	931	852	584	643	596	587	656	506	663	388	850	1,209	1,516	1,374	495	445	529	445	68	93	146	568	568	642	458	74	460	505	505	276	290	290	1,117	470	678	746	781	1,697	1,705	1,625	1,693	193	168	70	70	70	35	54	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Liabilities And Stockholders Equity	5,290,792	5,215,963	5,093,887	4,583,465	4,486,257	4,333,903	4,310,163	4,667,174	4,689,425	3,453,187	3,461,792	3,382,038	2,998,948	3,052,935	2,922,365	2,299,751	2,231,175	2,248,899	2,136,122	2,147,817	2,077,981	2,044,280	1,415,647	1,391,217	1,170,354	1,153,373	1,111,876	1,072,938	1,032,599	1,042,687	1,012,884	960,894	931,724	915,265	899,342	968,232	814,787	823,214	736,480	718,476	713,125	697,988	705,649	726,430	705,200	723,504	696,934	717,625	715,383	720,817	687,367	680,292	637,457	632,552	615,495	667,397	606,010	598,192	579,416	565,070	572,300	552,412	540,699	535,974	509,757	503,596	492,160	492,506	491,694	455,787	456,685	441,371	438,110	435,029	414,473	402,544	403,256	398,549	398,534	377,952	373,466	372,654	362,042	368,243	363,284	351,249	340,538	333,259	330,635	323,729	318,912	315,646	315,584	303,945	292,735	289,714	287,500	278,600	276,900	275,200	277,800	265,900	239,500	237,200	228,800	222,000	216,300	209,000	210,200	205,000	202,200	0	0	0	0	-
Long Term Debt	102,160	105,493	104,911	61,110	61,350	70,858	78,587	148,815	152,164	119,457	119,537	119,616	119,695	41,972	127,291	42,059	27,070	27,067	27,070	27,076	27,082	27,088	17,342	17,335	17,338	7,421	7,419	7,416	7,414	7,411	7,409	7,407	7,500	51,363	51,421	56,480	52,961	33,008	33,054	23,100	23,145	8,190	11,734	21,777	22,510	22,558	22,606	22,654	22,701	22,747	22,793	22,838	27,883	27,927	27,971	28,014	38,057	45,099	45,141	50,182	55,223	55,264	55,303	45,343	54,581	54,615	54,648	59,681	59,713	64,745	64,776	64,807	59,838	59,868	59,898	59,928	49,957	49,986	45,596	35,632	35,938	40,735	38,316	32,334	33,441	33,456	32,989	33,563	33,712	33,616	35,164	34,297	29,241	24,282	24,322	24,362	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	0	46,648	56,794	0	0	0	0	0	44,599	44,593	44,586	44,580	41,972	127,291	42,059	27,070	27,067	27,070	27,076	27,082	27,088	17,342	17,335	17,338	7,421	7,419	7,416	7,414	7,411	7,409	7,407	7,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	623,121	620,038	634,038	633,831	637,802	5,997	618,184	508,658	3,481,918	158,311	161,702	134,318	134,555	2,650,131	158,879	1,956,098	1,889,718	1,871,590	1,839,584	1,800,975	1,784,040	1,841,105	1,293,302	1,253,107	1,004,154	952,509	925,690	876,254	806,741	784,002	762,241	740,013	733,023	712,101	698,301	688,587	564,817	561,750	542,485	543,316	540,145	522,753	512,391	0	478,711	476,772	479,397	482,093	475,945	477,557	472,669	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	276,063	188,342	138,009	102,226	115,949	581	19,562	101,590	-20,224	87,737	290,764	94,092	98,070	81,658	306,054	41,544	42,114	54,423	79,288	85,467	89,034	10,572	-628	3,420	41,478	13,218	14,295	-3,616	5,499	4,410	20,759	34,128	61,800	32,528	50,190	37,615	37,885	33,843	22,923	32,291	30,842	-3,643	15,418	-11,875	-13,526	13,034	15,835	-13,388	11,299	13,980	13,728	-45,958	-33,260	-26,999	-18,627	-13,848	6,537	64,136	33,955	10,752	20,676	29,147	22,703	12,447	34,501	40,326	21,085	13,852	27,569	31,018	23,604	22,135	11,281	7,337	-96	-178	-3,328	-8,894	-19,522	-27,081	-32,002	-30,170	-28,203	-25,350	-23,043	-34,657	-26,656	-21,360	-19,892	-17,127	-16,587	-8,790	3,617	-4,483	-5,789	2,913	-1,100	-14,300	-20,100	-23,200	-20,800	-29,800	-24,400	-28,300	-32,200	-26,300	10,000	700	4,500	1,600	3,800	0	0	0	0	-
Net Invested Capital	644,510	773,204	748,315	659,903	676,096	569,963	574,422	642,976	642,240	468,765	657,995	383,652	371,916	361,872	574,573	304,934	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	25,820	24,230	19,626	19,205	18,405	15,861	12,902	11,584	11,328	10,008	10,638	11,855	12,971	14,663	12,743	8,786	7,964	8,414	8,883	8,527	8,244	7,491	5,372	5,079	4,564	4,159	3,991	3,901	3,928	4,032	3,943	1,466	3,813	3,415	3,465	3,394	3,058	3,000	2,887	2,904	2,704	2,684	2,843	2,846	2,893	2,996	2,980	3,011	3,067	2,859	2,669	2,571	2,632	2,666	2,682	2,652	2,781	2,692	2,747	2,756	2,747	2,743	2,641	2,645	2,818	2,775	2,761	2,705	2,822	2,464	2,360	2,209	2,269	2,144	2,013	1,890	1,875	1,826	1,699	1,746	1,763	1,807	1,877	1,989	2,007	1,966	2,059	2,073	2,091	2,144	2,151	2,284	2,502	2,195	2,250	2,111	2,100	2,100	2,200	2,100	1,900	1,800	1,700	1,600	1,600	1,600	0	0	0	0	0	0	0	0	0	-
Net Tangible Assets	0	0	389,032	389,646	390,608	378,019	374,271	372,076	366,805	282,931	274,925	197,117	188,537	180,558	175,397	171,236	169,276	165,663	161,958	157,772	153,148	147,956	113,790	111,470	71,351	73,013	71,232	67,899	66,010	70,605	69,962	66,677	65,659	64,153	61,982	61,968	52,927	52,592	51,314	48,984	46,651	46,346	44,826	0	50,916	45,681	44,446	43,077	42,162	41,214	39,755	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	-3,656,277	-61,848	-16,477	218,597	209,536	337,181	299,861	213,178	260,030	201,032	2,596	-130,550	-97,952	-139,948	-134,207	65,491	22,936	103,589	112,464	110,632	-23,196	147,357	141,313	147,365	12,362	105,794	119,122	145,418	10,421	192,425	185,212	174,950	-21,088	148,552	135,394	158,169	-6,353	143,134	149,323	108,895	-19,661	125,261	119,000	163,256	9,411	176,992	156,712	166,393	7,408	162,327	122,849	105,002	2,343	80,029	64,875	56,119	-10,775	26,566	12,418	43,540	38,987	25,546	32,238	32,804	20,908	14,105	33,593	46,066	33,054	33,736	41,546	43,204	49,291	52,785	60,361	60,596	53,968	59,031	65,317	63,129	68,404	70,942	65,893	58,151	56,246	66,914	59,487	54,185	53,259	49,466	50,782	43,307	26,580	28,622	30,523	21,926	18,400	29,800	36,100	39,200	37,100	45,100	40,100	39,100	38,300	30,800	0	0	0	0	0	0	0	0	0	-
Non Current Assets Total	5,167,916	221,788	222,212	800,445	805,469	811,009	784,803	676,148	561,264	120,096	121,795	122,897	105,510	122,374	121,106	122,754	108,424	121,670	123,158	124,823	95,364	100,374	54,430	51,490	1,027,701	20,959	18,990	19,710	941,972	18,881	18,622	19,739	18,576	21,789	21,970	20,824	693,164	15,577	15,765	16,634	13,734	17,292	17,991	16,568	14,427	15,922	16,525	16,662	14,614	16,460	17,063	17,391	14,552	17,126	17,826	16,973	14,289	15,669	16,228	15,651	14,949	60,036	62,014	68,053	66,088	66,500	65,648	66,666	68,267	63,086	65,484	60,189	57,706	55,388	54,559	47,885	50,017	46,996	49,259	55,442	58,013	57,105	59,580	62,036	62,176	59,392	60,315	57,369	58,743	58,844	61,226	67,924	77,466	70,770	67,252	66,549	67,400	66,600	69,600	73,000	71,400	64,200	47,200	45,800	42,700	40,300	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Other	0	0	47,052	39,672	98,165	98,860	105,607	107,228	114,272	20,640	19,551	20,583	21,361	22,761	18,889	19,058	18,726	19,333	18,658	19,618	8,278	10,795	6,585	9,116	6,137	7,537	5,630	7,163	5,249	7,588	6,669	8,848	4,822	6,915	5,089	5,421	4,717	4,087	5,641	4,426	4,708	6,343	4,559	0	4,389	12,787	3,636	3,041	4,111	7,332	3,758	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	969,289	4,548,252	4,450,483	93,809	104,950	1,841	1,542	2,067	1,791	74,858	2,923,334	2,808,928	2,614,024	2,599,170	2,475,083	23,364	1,990,491	2,002,287	1,891,860	1,885,380	1,806,976	1,820,674	12,241	12,297	863,917	1,055,982	1,014,772	13,524	797,483	13,638	30,194	40,250	828,239	834,033	810,976	821,445	30,889	683,738	671,300	634,687	633,141	636,190	627,043	21,777	651,191	22,558	637,758	22,654	659,492	667,651	634,366	630,489	584,820	581,831	565,422	570,059	541,005	522,716	493,663	507,471	497,433	55,264	55,303	45,343	54,581	54,615	54,648	59,681	59,713	64,745	64,776	64,807	59,838	59,868	59,898	59,928	49,957	49,986	45,596	35,632	35,684	40,735	37,285	32,334	32,383	32,431	32,477	32,523	32,568	32,612	34,156	34,199	29,241	24,282	24,322	24,362	16,400	15,400	15,500	15,500	15,600	15,600	15,600	10,700	5,700	4,700	800	1,200	600	1,100	900	0	0	0	0	-
Non Currrent Assets Other	4,901,865	-610,941	-624,144	-15,548	-17,552	-16,093	-13,780	-11,974	-561,264	-147,361	-150,315	-122,490	-134,555	-139,121	-147,236	-183,313	-173,486	-211,357	-231,603	-251,895	-280,293	-282,048	-265,013	-254,131	1,027,701	-179,138	-182,449	-169,179	941,972	-173,444	-167,342	-170,578	-135,721	-133,696	-137,199	-142,680	693,164	-148,134	-142,836	-121,409	-122,803	-119,770	-133,956	-145,506	-154,295	-167,116	-148,107	-155,282	-186,520	-190,990	-168,088	-95,689	-70,702	-72,577	-57,229	-50,232	-47,345	-43,303	-39,366	-41,722	-52,739	-60,036	-62,014	-68,053	-66,088	-66,500	-65,648	-66,666	-68,267	-63,086	-65,484	-60,189	-57,706	-55,388	-54,559	-47,885	-50,017	-46,996	-49,259	-55,442	-58,013	-57,105	-59,580	-62,036	-62,176	-59,392	-60,315	-57,369	-58,743	-58,844	-61,226	-67,924	-77,466	-70,770	-67,252	-66,549	-67,400	-66,600	-69,600	-73,000	-71,400	-64,200	-47,200	-45,800	-42,700	-40,300	-3,300	-3,300	-3,400	-3,500	-3,500	0	0	0	0	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	5,003,690	4,917,023	4,775,710	3,470,614	3,366,302	3,183,872	3,223,957	3,775,781	3,866,340	3,130,158	3,140,512	3,080,617	2,862,154	2,864,933	2,731,529	2,109,028	2,097,005	2,011,640	1,887,500	1,877,362	1,958,017	1,794,778	1,218,718	1,191,440	122,330	1,006,620	952,296	907,189	77,836	830,633	808,352	765,619	900,819	739,212	726,997	788,618	113,163	642,649	563,772	564,403	691,984	546,190	541,146	545,870	679,573	529,411	520,252	533,568	690,922	541,394	545,533	557,201	616,126	533,501	530,683	591,251	584,195	531,101	515,166	498,743	494,387	431,518	407,635	394,552	383,422	378,603	370,438	369,133	364,186	338,364	339,665	323,841	317,236	310,153	291,033	287,177	284,278	281,618	270,117	243,847	236,316	238,648	226,046	228,534	225,519	219,361	215,292	214,980	207,731	203,304	198,774	192,206	187,254	183,884	181,123	183,410	175,900	165,800	158,400	155,600	155,900	153,800	146,600	145,100	144,400	141,700	216,300	209,000	210,200	205,000	202,200	0	0	0	0	-
Other Current Assets	122,876	143,234	113,990	81,624	80,635	112,850	252,331	22,156	28,349	3,131,665	3,138,790	3,089,113	2,706,824	2,725,012	2,582,504	1,923,290	1,873,889	1,799,812	1,655,191	1,624,436	1,552,985	1,511,921	951,471	936,280	834,161	827,313	770,430	740,201	730,394	657,323	639,409	601,353	620,292	601,098	586,272	568,448	440,249	430,594	416,409	439,485	434,945	420,720	396,774	384,469	343,254	529,360	521,159	508,537	472,303	463,612	434,897	498,013	486,867	485,677	491,957	507,804	494,031	532,817	476,897	460,675	445,491	431,518	407,635	394,552	383,422	378,603	370,438	369,133	364,186	0	0	0	317,236	0	0	0	284,278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Current Liab	3,499,937	-14,657	-11,834	-93,809	-13,674	-16,093	-13,780	-2,067	-1,791	-1,901	-2,122	-581	-2,007	-1,106	-2,590	-2,478	-2,208	-2,823	-2,696	-2,921	-2,262	-2,262	-1,186	-922	-27,295	-940	-788	-621	-515	-748	-698	-586	-390	-605	-541	-498	13,886	-646	-600	-486	-393	-803	-777	-736	-620	-1,179	-1,102	-1,002	-1,064	-1,792	-1,769	-1,340	-1,111	-2,208	-2,005	-29,913	-1,750	-2,994	-2,741	-2,727	-2,411	-35,312	-38,812	-40,565	-39,339	-44,388	-22,481	-10,641	-26,187	-20,601	-9,990	-14,137	-13,877	-16,703	-8,520	-6,886	-14,993	-10,904	-13,841	-15,534	-10,733	-5,959	-10,523	-19,522	-19,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Liab	0	0	0	0	31,499	22,242	21,288	22,171	42,418	9,690	8,164	7,570	10,161	11,549	7,246	6,988	6,182	7,799	6,675	7,190	8,278	10,795	6,585	10,038	6,782	8,477	6,418	7,784	5,764	8,336	7,367	9,434	5,212	7,520	5,630	5,919	5,066	4,733	6,241	4,912	5,101	7,146	5,336	11,949	5,009	13,966	4,738	4,043	5,175	9,124	5,527	7,754	4,830	5,588	5,331	5,321	5,190	6,201	5,948	5,720	5,386	6,557	6,519	5,806	4,566	5,798	5,402	5,519	4,395	5,286	4,589	3,972	3,795	4,517	3,968	3,204	3,082	3,855	3,496	3,230	2,395	3,644	3,275	3,410	2,838	3,715	3,231	3,230	2,636	4,476	3,078	3,520	2,571	3,908	2,925	2,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	396,006	395,881	400,516	382,452	382,107	381,572	381,248	383,842	382,819	244,907	244,623	177,132	177,058	176,866	176,937	178,320	178,159	177,994	177,850	177,704	177,565	177,421	103,498	103,382	40,970	40,846	40,775	40,733	40,688	40,644	40,609	40,585	40,559	40,535	40,507	40,493	29,902	29,888	29,876	29,866	29,853	29,841	29,828	29,816	29,816	29,858	29,848	29,839	29,830	29,824	29,819	29,814	29,810	29,814	29,817	29,821	29,824	29,828	29,831	29,835	29,838	29,715	29,715	29,880	29,967	30,072	30,088	26,519	26,818	26,890	26,916	26,916	22,936	22,936	22,936	22,778	22,936	22,909	22,937	22,937	22,933	22,886	22,930	19,835	19,846	21,570	20,581	19,615	19,779	20,420	20,066	20,023	19,491	18,153	17,507	17,480	17,900	18,100	18,300	19,400	19,900	16,300	16,000	16,000	16,000	26,300	13,300	11,200	11,100	9,200	9,300	0	0	0	0	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,404	0	0	0	0	0	0	0	0	0	0	0	6,750	6,750	6,750	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	4,880	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	74,748	50,315	51,153	45,467	46,176	45,158	0	0	0	0	38,299	38,723	38,310	38,712	39,982	40,648	39,826	37,265	37,954	38,712	25,303	25,467	23,905	20,015	16,168	14,260	11,190	11,148	11,074	13,325	13,492	13,728	13,993	14,196	14,344	14,096	12,225	12,303	12,515	12,655	12,469	12,759	13,024	13,157	13,123	13,233	13,187	13,473	13,324	13,266	13,289	13,176	13,185	13,443	13,548	13,279	12,904	12,164	12,215	11,946	11,377	11,083	10,789	10,746	10,638	10,722	10,795	9,942	9,562	6,125	6,248	6,367	6,334	6,433	5,932	5,117	4,874	4,975	4,991	5,050	3,920	3,941	3,997	4,051	3,317	3,323	3,346	3,409	3,395	3,449	3,480	3,522	3,581	3,512	3,163	3,216	3,300	3,400	3,400	3,400	3,500	3,600	3,400	3,500	3,200	3,200	3,300	3,300	3,400	3,500	3,500	0	0	0	0	-
Property Plant And Equipment Net	48,589	50,315	51,153	45,467	46,176	45,158	45,055	45,405	45,374	38,636	38,299	38,723	38,310	38,712	39,982	40,648	39,826	37,265	37,954	38,712	25,303	25,467	23,905	20,015	16,168	14,260	11,190	11,148	11,074	13,325	13,492	13,728	13,993	14,196	14,344	14,096	12,225	12,303	12,515	12,655	12,469	12,759	13,024	13,157	13,123	13,233	13,187	13,473	13,324	13,266	13,289	13,176	13,185	13,443	13,548	13,279	12,904	12,164	12,215	11,946	11,377	11,083	10,789	10,746	10,638	10,722	10,795	9,942	9,562	6,125	6,248	6,367	6,334	6,433	5,932	5,117	4,874	4,975	4,991	5,050	3,920	3,941	3,997	4,051	3,317	3,323	3,346	3,409	3,395	3,449	3,480	3,522	3,581	3,512	3,163	3,216	3,300	3,400	3,400	3,400	3,500	3,600	3,400	3,500	3,200	3,200	3,300	3,300	3,400	3,500	3,500	0	0	0	0	-
Property Plant Equipment	0	0	39,719	34,439	34,471	33,903	45,055	45,405	33,232	38,636	38,299	38,723	38,310	26,943	39,982	27,965	25,133	23,487	23,973	24,231	26,320	26,568	24,817	20,760	16,357	14,293	11,190	11,275	13,192	13,826	13,492	13,728	13,993	14,196	14,344	14,096	12,225	12,303	12,515	12,655	12,469	12,759	13,024	13,157	13,123	13,233	13,187	13,473	13,324	13,266	13,289	13,176	13,185	13,443	13,548	13,279	12,904	12,164	12,215	11,946	11,377	11,083	10,789	10,746	10,638	10,722	10,795	9,943	9,562	6,125	6,248	6,367	6,334	6,433	5,932	5,117	4,874	4,975	4,991	5,050	3,920	3,941	3,997	4,051	3,317	3,323	3,346	3,409	3,395	3,449	3,480	3,522	3,581	3,512	3,163	3,216	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	145,982	137,199	131,271	129,617	133,114	120,572	108,265	99,206	91,043	92,722	85,220	77,888	70,175	63,099	58,069	52,759	50,891	48,009	44,721	41,842	39,562	36,244	35,386	33,525	32,565	33,334	31,637	29,842	28,399	27,253	25,860	24,345	23,470	22,569	21,273	19,743	19,217	19,117	17,960	16,691	15,441	14,651	13,426	12,321	11,741	11,085	10,118	9,057	8,222	7,169	6,336	5,576	4,875	4,258	3,903	3,237	2,627	6,221	6,655	6,563	7,168	7,648	7,222	6,859	6,660	6,161	5,651	8,999	8,583	7,878	7,306	6,858	10,486	9,672	9,179	8,814	8,435	7,819	7,401	7,064	9,805	9,232	8,790	11,390	10,944	10,284	9,746	9,378	8,880	8,307	7,851	7,441	7,078	6,600	6,261	5,898	5,600	8,400	8,100	7,700	11,600	14,500	11,400	11,000	10,600	0	10,700	12,300	11,900	13,000	12,700	0	0	0	0	-
Retained Earnings Total Equity	0	0	131,271	129,617	133,114	120,572	108,265	99,206	91,043	92,722	85,220	77,888	70,175	63,099	58,069	52,759	50,891	48,009	44,721	41,842	39,562	36,244	35,386	33,525	32,565	33,334	31,637	29,842	28,399	27,253	25,860	24,345	23,470	22,569	21,273	19,743	19,217	19,117	17,960	16,691	15,441	14,651	13,426	0	11,741	11,085	10,118	9,057	8,222	7,169	6,336	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	139,000	112,442	88,000	102,647	0	0	0	0	0	196,889	0	0	0	203,937	0	0	12,000	13,000	35,000	0	0	29,583	29,632	64,301	40,830	42,354	20,940	1,016	0	0	0	26,521	0	0	0	15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	356,166	253,590	227,247	158,380	173,722	81,119	88,911	159,738	166,907	130,407	327,813	131,444	130,895	128,383	342,871	77,493	72,517	113,572	117,088	126,089	118,206	46,923	29,583	29,632	64,301	40,830	42,354	20,940	20,995	21,049	37,603	47,657	79,401	57,075	66,402	57,101	53,539	54,862	40,674	51,644	46,978	17,435	39,246	21,777	22,510	22,558	26,051	22,654	22,701	23,383	24,715	23,536	29,444	29,823	30,082	31,068	54,101	69,955	80,745	57,318	79,200	87,262	91,112	83,171	91,930	96,044	74,398	67,854	83,988	82,891	72,780	77,267	72,180	74,681	66,772	65,414	63,758	59,215	57,937	49,836	45,372	44,924	46,336	50,334	50,539	35,873	36,216	37,477	42,178	42,310	40,174	44,442	51,979	42,613	36,321	40,557	41,000	29,800	26,600	21,300	27,800	16,300	19,600	16,400	7,900	12,100	10,000	700	4,500	1,600	3,800	0	0	0	0	-
Short Term Debt	279,216	139,000	112,442	88,000	102,647	4,501	4,592	74,681	-8,988	-30,259	196,889	307,753	125,617	203,842	203,937	23,364	32,903	12,000	13,000	35,000	43,100	1,771	12,241	34,611	34,611	20,000	21,468	13,524	2,370	13,638	30,194	31,596	31,596	5,712	14,981	621	578	21,854	7,620	28,544	23,833	9,245	27,512	0	22,510	22,558	3,445	22,654	22,701	636	1,922	698	1,561	1,896	2,111	31,068	16,044	24,856	35,604	7,136	23,977	31,998	35,809	37,828	37,349	41,429	19,750	8,173	24,275	18,146	8,004	12,460	12,342	14,813	6,874	5,486	13,801	9,229	12,341	14,204	9,688	4,189	9,051	18,000	18,156	3,442	3,739	4,954	9,610	9,698	6,018	10,243	22,738	18,331	11,999	16,195	24,600	14,400	11,100	5,800	12,200	700	4,000	5,700	2,200	7,400	10,000	700	4,500	1,600	3,800	0	0	0	0	-
Short Term Investments	223,993	218,477	229,207	237,047	238,308	242,623	219,152	145,513	63,362	5,520	8,670	3,758	6,263	9,859	23,492	27,420	37,009	52,419	83,404	101,532	111,923	110,527	111,691	122,838	93,465	96,513	111,353	119,525	133,625	173,444	167,342	161,910	135,721	133,696	137,198	142,680	141,634	148,134	142,836	121,409	122,803	119,770	133,956	145,506	154,295	167,116	148,107	155,282	27,477	39,371	56,113	95,689	61,163	72,577	57,229	50,232	40,038	43,303	39,366	41,722	52,739	0	0	0	46,830	0	0	0	46,921	0	0	0	54,549	0	0	0	60,407	0	0	0	69,918	0	0	0	65,487	0	0	0	53,042	0	0	0	42,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Assets	5,290,792	5,215,963	5,093,887	4,583,465	4,486,257	4,333,903	4,310,163	4,667,174	4,689,425	3,453,187	3,461,792	3,382,038	2,998,948	3,052,935	2,922,365	2,299,751	2,231,175	2,248,899	2,136,122	2,147,817	2,077,981	2,044,280	1,415,647	1,391,217	1,170,354	1,153,373	1,111,876	1,072,938	1,032,599	1,042,687	1,012,884	960,894	931,724	915,265	899,342	968,232	814,787	823,214	736,480	718,476	713,125	697,988	705,649	726,430	705,200	723,504	696,934	717,625	715,383	720,817	687,367	680,292	637,457	632,552	615,495	667,397	606,010	598,192	579,416	565,070	572,300	552,412	540,699	535,974	509,757	503,596	492,160	492,506	491,694	455,787	456,685	441,371	438,110	435,029	414,473	402,544	403,256	398,549	398,534	377,952	373,466	372,654	362,042	368,243	363,284	351,249	340,538	333,259	330,635	323,729	318,912	315,646	315,584	303,945	292,735	289,714	287,500	278,600	276,900	275,200	277,800	265,900	239,500	237,200	228,800	222,000	216,300	209,000	210,200	205,000	202,200	0	0	0	0	-
Total Current Assets	122,876	77,152	95,965	312,406	314,486	339,022	301,403	215,245	261,821	202,933	199,485	178,524	31,284	65,628	69,730	67,969	25,746	115,589	125,464	145,632	24,600	149,128	142,499	148,287	20,323	125,794	140,590	146,039	12,791	193,173	185,910	175,536	12,329	154,264	150,375	158,790	8,460	164,988	156,943	137,439	7,407	134,506	146,512	163,992	11,200	178,171	160,157	167,395	9,847	162,963	124,771	105,700	6,779	81,925	66,986	59,173	7,526	51,422	48,022	50,676	62,964	60,858	71,050	73,369	60,247	58,493	56,074	56,707	59,241	54,337	51,536	57,341	63,168	69,488	68,881	67,482	68,961	69,935	79,158	78,663	79,137	76,901	76,416	77,673	75,589	72,496	64,931	60,910	64,161	61,581	58,912	55,516	50,864	49,291	44,360	39,755	44,200	46,200	48,900	46,600	50,500	47,900	45,700	46,300	41,700	40,000	0	0	0	0	0	0	0	0	0	-
Total Current Liabilities	3,779,153	139,000	112,442	93,809	104,950	1,841	1,542	2,067	1,791	1,901	196,889	309,074	129,236	205,576	203,937	2,478	2,810	12,000	13,000	35,000	47,796	1,771	1,186	922	7,961	20,000	21,468	621	2,370	748	698	586	33,417	5,712	14,981	621	14,813	21,854	7,620	28,544	27,068	9,245	27,512	736	1,789	1,179	3,445	1,002	2,439	636	1,922	698	4,436	1,896	2,111	3,054	18,301	24,856	35,604	7,136	23,977	35,312	38,812	40,565	39,339	44,388	22,481	10,641	26,187	20,601	9,990	14,137	13,877	16,703	8,520	6,886	14,993	10,904	13,841	15,534	10,733	5,959	10,523	19,522	19,343	5,582	5,444	6,725	10,902	12,115	8,130	12,209	24,284	20,669	13,837	17,829	25,800	16,400	12,800	7,400	13,400	2,800	5,600	7,200	3,400	9,200	11,400	2,000	5,500	3,300	5,200	0	0	0	0	-
Total Liab	4,748,442	4,687,252	4,562,925	4,072,672	3,974,158	3,834,798	3,814,328	4,173,013	4,199,349	3,103,879	3,120,223	3,118,002	2,743,260	2,804,746	2,679,020	2,060,240	1,993,301	2,014,287	1,904,860	1,920,380	1,854,772	1,822,445	1,273,872	1,252,093	1,094,651	1,075,982	1,036,240	1,000,611	962,132	967,602	938,410	889,672	861,656	839,745	825,957	895,149	755,657	764,403	678,920	663,231	660,209	645,435	654,555	673,911	652,980	666,548	641,203	663,268	661,931	668,287	636,288	631,187	589,256	583,727	567,533	620,255	559,306	547,572	529,267	514,607	521,410	511,716	500,181	495,183	469,313	463,786	453,161	453,523	452,609	417,406	419,283	404,057	401,249	398,719	378,556	367,336	367,984	363,730	364,670	343,011	336,105	336,068	325,102	332,480	328,080	316,338	307,154	301,209	298,919	291,945	287,938	285,125	285,958	276,135	265,910	263,279	260,900	252,100	250,500	248,100	246,300	234,400	211,800	209,900	201,900	195,500	190,800	184,200	185,500	181,400	179,000	0	0	0	0	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	542,350	528,711	530,962	510,793	512,099	499,105	495,835	494,161	490,076	349,308	341,569	264,036	255,688	248,189	243,345	239,511	237,874	234,612	231,262	227,437	223,209	221,835	141,775	139,124	75,703	77,391	75,636	72,327	70,467	75,085	74,474	71,222	70,068	75,520	73,385	73,083	59,130	58,811	57,560	55,245	52,916	52,553	51,094	52,519	52,220	56,956	55,731	54,357	53,452	52,530	51,079	49,105	48,201	48,825	47,962	47,142	46,704	50,620	50,149	50,463	50,890	40,696	40,518	40,791	40,444	39,810	38,999	38,983	39,085	38,381	37,402	37,314	36,861	36,310	35,917	35,208	35,272	34,819	33,864	34,941	37,361	36,586	36,940	35,763	35,204	34,911	33,384	32,050	31,716	31,784	30,974	30,521	29,626	27,810	26,825	26,435	26,600	26,500	26,400	27,100	31,500	31,500	27,700	27,300	26,900	26,500	25,500	24,800	24,700	23,600	23,200	0	0	0	0	-
Treasury Stock	0	0	-9,460	-4,880	-4,880	-4,880	-4,880	-1,923	-1,923	-1,923	-1,923	-1,923	-1,795	-1,793	-1,560	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,392	-1,392	-1,227	-1,140	-1,035	-1,019	-933	-634	-562	-536	-536	-536	-536	-536	-694	-536	-563	-535	-535	-539	-586	-542	-533	-522	-533	-550	-534	-533	-555	-533	-538	-533	-541	-533	-548	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	60,881	913,752	303,724	139,030	40,065	23,514	45,973	13,284	9,882	8,623	15,473	17,841	12,901	8,960	8,448	10,599	9,498	6,350	6,679	7,456	8,095	9,028	5,986	7,474	5,700	6,000	4,400	3,389	1,440	0
Capital Expenditures	2,895	4,249	3,497	3,685	3,885	8,958	6,879	775	1,461	1,009	588	995	1,415	1,587	2,647	1,587	1,885	1,031	2,081	1,429	1,029	262	150	643	200	500	100	316	1,470	440
Cash And Cash Equivalents Changes	0	-852,871	610,028	164,694	98,965	16,551	-22,459	32,689	3,402	1,259	-6,850	-2,368	4,940	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-15,459	-3,338	-2,270	-10,372	-1,912	-292	118	333	-547	500	520	3,032	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	35,882	-852,871	610,028	164,694	98,965	16,551	-22,459	32,689	3,402	1,259	-6,850	-2,368	4,940	3,941	512	-3,121	1,101	3,148	-329	-777	-639	-933	3,042	-1,488	1,800	17,400	14,300	1,053	-1,380	1,440
Change In Working Capital	6,781	-20,528	10,672	-5,344	-10,322	-4,824	-1,058	338	-796	-936	781	432	2,916	676	-5,506	309	-547	18	176	717	181	-426	390	12	300	-10,000	-500	51	-5,400	50
Change Receivables	0	-7,080	3,562	-5,007	280	-398	-636	-115	-367	-354	189	174	-435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-6,244	-7,080	3,562	-5,007	280	-398	-636	-115	-367	-354	189	174	-435	149	0	71	4	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	1,578	-8,766	0	2,591	1,392	252	119	-302	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	2,949	13,212	3,348	-627	-2,647	-42	552	0	-35	92	-166	345	0	0	421	78	266	343	147	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	17,751	18,012	-13,248	-4,151	1,208	2,927	419	5,857	1,358	1,418	973	421	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-13,448	7,110	-337	-10,602	-4,426	-422	30	-429	-582	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6,860	8,230	6,374	6,452	6,073	3,619	1,569	1,784	1,585	1,297	1,289	1,139	1,307	1,320	1,152	914	875	677	615	495	426	340	336	369	400	400	300	361	320	270
Dividends Paid	12,981	12,735	8,872	6,504	6,688	4,615	2,204	2,875	2,275	1,925	1,181	1,432	1,196	500	2,262	2,787	2,773	2,652	2,552	5,739	2,499	2,431	2,428	2,427	6,600	2,100	1,900	1,193	1,700	1,620
End Period Cash Flow	96,763	60,881	913,752	303,724	139,030	40,065	23,514	45,973	13,284	9,882	8,623	15,473	17,841	12,901	8,960	7,478	10,599	9,498	6,350	6,679	7,456	8,095	9,028	5,986	7,500	23,400	18,700	4,442	-1,380	1,440
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	49,640	55,742	62,402	10,384	3,946	2,025	5,016	21,496	11,713	7,661	10,094	8,405	7,031	5,683	-554	4,250	3,600	4,660	3,059	3,888	4,070	4,129	4,956	3,569	4,200	3,600	3,000	2,997	1,830	2,630
Investments	-518,730	-681,394	-142,693	-588,912	-25,814	-42,231	-159,255	-87,016	14,679	-41,960	-25,974	1,937	-74,246	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	70,238	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	9,098	-132,745	185,339	-61,784	3,966	43,306	-58,320	22,292	6,561	24,468	-191	-6,743	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	37,397	54,806	29,319	26,209	17,701	10,596	7,089	7,804	6,528	5,701	4,939	4,951	4,543	2,748	-2,295	3,588	4,671	4,888	4,603	4,369	4,615	4,495	4,230	3,948	3,900	3,900	4,000	3,329	2,970	2,740
Other Cashflows From Financing Activities	-14,394	-98,910	320,648	785,181	156,991	-8,062	132,867	126,816	-85	36,590	21,619	-8,538	79,111	54,967	63,191	89,802	21,159	33,594	32,552	29,129	13,650	29,155	14,569	26,693	25,500	19,600	18,300	14,101	17,780	3,910
Other Cashflows From Investing Activities	0	-19,068	315,561	-1,428	2,714	73,036	2,337	992	-37,442	1,077	2,957	2,621	983	484	1,697	288	137	213	571	3,855	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	1,945	14,079	18,354	-12,295	-6,632	8	2,322	12,628	4,833	122	-533	-151	-258	13	-170	1,026	925	412	3	514	80	240	284	87	200	-100	100	-376	5,340	-40
Sale Purchase Of Stock	-4,876	-2,957	-128	-1,795	269	-3,404	146	82	-6,750	53	-120	-10,000	38	0	0	-252	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,103	1,142	696	414	346	267	145	53	27	2,598	4,014	2,579	464	2,801	9,155	0	-12	-42	-84	-471	-326	-111	-18	-27	-300	0	-900	0	0	0
Total Cash From Financing Activities	392,466	-208,151	374,758	739,537	118,119	-16,279	129,443	97,217	29,131	34,481	6,073	-15,331	71,172	29,810	35,830	58,238	13,254	20,817	30,000	18,263	5,952	26,539	10,468	22,107	7,700	17,400	14,300	12,789	16,080	2,290
Total Cash From Operating Activities	52,535	59,991	65,899	14,069	7,831	10,983	11,895	22,271	13,174	8,670	10,682	9,400	8,446	7,270	2,093	5,837	5,485	5,691	5,140	5,317	5,099	4,391	5,106	4,212	4,400	4,100	3,100	3,313	3,300	3,070
Total Cashflows From Investing Activities	0	-704,711	169,371	-588,912	-26,985	21,847	-163,797	-86,799	-38,903	-41,892	-23,605	3,563	-74,678	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30
Begin Period Cash Flow	118,099	93,875	62,171	60,881	94,678	236,786	758,431	913,752	754,942	636,347	427,371	303,724	195,357	143,755	140,758	139,030	160,879	48,145	86,968	40,065	62,085	39,407	59,175	23,514	56,184	29,179	33,107	45,973	43,769	40,960	13,322	13,284	19,234	11,381	14,195	9,882	15,247	11,879	14,030	8,623	13,217	10,395	41,485	15,473	23,213	10,216	19,839	17,841	17,335	10,987	21,156	12,901	11,422	14,546	27,084	8,960	5,819	7,045	8,887	8,448	7,711	10,667	9,663	10,599	6,879	6,962	6,759	9,498	7,258	8,391	6,952	6,350	9,011	6,574	5,677	6,679	6,131	7,509	6,740	7,456	6,743	6,809	7,837	8,095	7,518	7,830	6,269	9,028	7,210	8,806	7,345	5,986	5,910	7,553	5,561	7,474	5,900	5,300	1,600	5,700	0	1,400	11,500	4,800	0	280	230	0	1,710	120	30	0	0	0	0
Capital Expenditures	63	870	915	922	515	1,185	1,177	1,372	348	1,634	863	652	747	251	602	2,085	2,293	477	458	657	561	1,092	4,531	2,774	2,321	3,394	394	770	205	251	165	154	200	226	642	393	233	103	174	499	24	53	233	278	218	325	35	417	401	280	419	315	79	221	593	694	1,039	315	477	816	569	456	244	318	337	1,753	1,054	566	779	236	230	184	69	653	993	366	14	106	61	1,248	85	61	58	825	59	69	29	105	7	61	50	32	120	456	52	15	0	100	0	0	0	100	0	400	0	10	40	20	80	40	140	130	140	540	790
Cash And Cash Equivalents Changes	0	0	31,704	1,290	-33,797	-142,108	-521,645	-155,321	158,810	118,595	208,976	123,647	108,367	51,602	2,997	1,728	-21,849	112,734	-38,823	46,903	-22,020	22,678	-19,768	35,661	-32,670	27,005	-3,928	-12,866	2,204	2,809	27,638	38	-5,950	7,853	-2,814	4,313	-5,365	3,368	-2,151	5,407	-4,594	2,822	-5,078	0	-7,740	12,997	-9,623	1,998	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-872	348	-13,924	2,565	1,596	-5,696	-4,496	-2,377	744	2,791	-2,961	689	227	-225	-3,637	-3,141	-2,591	-1,003	2,572	-3,143	-1,291	-50	931	-1,118	-443	338	-365	322	451	-290	-549	2,030	-1,101	-47	-453	315	-257	-152	-1,003	471	1,032	0	-377	323	593	-19	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-21,336	24,224	31,704	1,290	-33,797	-142,108	-521,645	-155,321	158,810	118,595	208,976	123,647	108,367	51,602	2,997	1,728	-21,849	112,734	-38,823	46,903	-22,020	22,678	-19,768	35,661	-32,670	27,005	-3,928	-12,866	2,204	2,809	27,638	38	-5,950	7,853	-2,814	4,313	-5,365	3,368	-2,151	5,407	-4,594	2,822	-31,090	26,012	-7,740	12,997	-9,623	1,998	506	6,348	-10,169	8,255	1,479	-3,124	-12,538	18,124	3,141	-1,226	-1,842	439	-233	-2,956	1,004	-936	3,720	-83	203	-2,739	2,240	-1,133	1,439	602	-2,661	2,437	897	-1,002	548	-1,378	769	-716	713	-66	-1,028	-258	577	-312	1,561	-2,759	1,818	-1,596	1,461	1,359	76	-1,643	1,992	-1,913	1,600	600	1,900	-4,100	12,800	-3,500	1,400	6,700	7,200	-810	280	230	-370	1,710	120	30	-50	-1,210	-120
Change In Working Capital	1,217	-3,990	8,663	-610	-7,358	936	-1,008	-13,098	7,783	-745	898	2,736	-4,590	3,126	-3,629	-251	-4,018	-839	-4,419	-1,046	-772	-1,330	-4,842	2,120	-2,229	773	-1,905	2,303	-3,050	1,202	-1,640	3,826	-3,255	3,970	-1,593	82	-178	-1,306	1,089	-541	-3,063	2,435	-5,987	7,396	-9,225	9,491	1,269	-1,103	-3,511	3,839	-1,783	4,371	-389	-458	1,204	319	-5,713	-498	522	183	-1,964	263	172	1,838	-1,318	661	-98	208	-527	181	451	-87	-1,019	535	808	-148	-896	49	1,092	472	-1,183	717	-156	803	-1,230	339	159	306	-1,749	1,481	-194	852	-1,515	1,131	-151	547	-800	500	100	500	-10,600	800	1,600	800	-1,500	2,200	-9,400	3,500	-2,200	1,900	-5,200	0	0	0	40
Change Receivables	0	0	750	-800	-2,547	-2,959	-1,318	-256	599	630	1,217	1,116	1,692	-1,920	-3,957	-822	450	469	-356	-283	-753	174	-293	474	-405	-168	-90	27	104	-89	-24	-106	-398	50	-71	52	-58	-113	17	-200	-20	159	50	0	103	-16	31	56	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,590	-4,604	750	-800	-2,547	-2,959	-1,318	-256	599	630	1,217	1,116	1,692	-1,920	-3,957	-822	450	469	-356	-283	-753	174	-293	474	-405	-168	-90	27	104	-89	-24	-106	-398	50	-71	52	-58	-113	17	-200	-20	159	3	47	103	-16	31	56	-208	-190	0	61	149	115	99	129	0	55	0	0	71	75	177	173	4	47	61	117	0	0	0	60	0	0	0	0	0	0	64	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	-5,067	5,227	643	775	-3,403	-986	-3,393	-984	0	0	625	105	2,591	1,529	447	399	1,392	354	265	190	252	216	143	0	119	52	-30	87	74	-54	-322	0	-9,244	0	543	-27	-2,536	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	9,491	-711	9,220	1,279	-1,388	-6,162	13,358	1,309	-685	-770	-2,682	4,583	371	1,076	-2,232	2,135	-1,185	655	-2,640	1,654	-3,359	1,698	-2,755	2,059	-1,366	2,020	-2,572	969	-2,067	4,222	-2,308	1,890	-421	77	333	-1,508	1,329	-189	-2,040	1,805	327	116	-8,957	9,228	695	-1,132	0	681	658	229	0	458	255	149	0	583	330	316	421	1,324	1,013	747	78	1,047	819	556	266	920	451	142	343	698	454	208	147	630	455	285	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-5,055	1,212	7,997	4,074	-113	5,793	-5,255	2,975	2,657	-362	9,063	-11,271	-4,981	-5,996	375	1,386	-3,986	-1,926	-455	-346	3,122	-1,113	1,685	1,580	-316	-22	-443	310	117	435	1,471	-255	359	31	364	263	413	318	1,558	153	-293	0	64	362	-141	688	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	8,619	8,619	-4,811	3,895	310	-12,842	74	-1,375	-319	1,620	-6,282	5,046	328	571	-4,468	-1,308	-4,063	-763	-19	-1,504	-4,549	1,646	-422	941	-1,815	213	30	269	414	-237	-429	0	0	0	-582	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,792	752	2,725	1,591	3,523	778	2,018	1,911	1,674	1,557	1,559	1,584	1,689	1,593	1,584	1,586	1,545	1,521	1,518	1,489	1,111	1,012	825	671	416	385	376	392	443	450	435	456	437	410	411	327	317	337	326	317	256	379	397	257	271	317	273	278	323	311	-809	1,482	333	205	408	374	311	365	212	264	347	124	217	226	184	238	235	218	179	164	165	169	138	200	145	132	135	122	120	118	106	118	111	91	65	92	92	91	61	92	92	91	51	107	105	106	100	100	100	100	100	100	100	100	0	80	90	80	160	80	90	80	100	70	150
Dividends Paid	3,315	3,308	3,182	3,176	3,177	3,174	3,193	3,191	2,286	2,285	2,281	2,020	1,514	1,517	1,523	1,950	1,526	1,525	1,524	2,113	1,369	1,268	918	1,060	551	552	550	551	930	508	507	930	726	598	514	437	788	438	438	261	610	263	261	47	535	299	299	299	299	299	299	299	125	125	125	125	125	681	682	774	696	696	697	698	700	699	706	668	669	669	670	644	638	639	637	638	637	639	636	3,827	637	644	612	606	608	607	608	608	605	608	607	608	606	608	606	607	600	500	600	4,900	500	600	500	500	500	490	490	470	90	580	0	600	550	590	560
End Period Cash Flow	96,763	118,099	93,875	62,171	60,881	94,678	236,786	758,431	913,752	754,942	636,347	427,371	303,724	195,357	143,755	140,758	139,030	160,879	48,145	86,968	40,065	62,085	39,407	59,175	23,514	56,184	29,179	33,107	45,973	43,769	40,960	13,322	13,284	19,234	11,381	14,195	9,882	15,247	11,879	14,030	8,623	13,217	10,395	41,485	15,473	23,213	10,216	19,839	17,841	17,335	10,987	21,156	12,901	11,422	14,546	27,084	8,960	5,819	7,045	8,887	7,478	7,711	10,667	9,663	10,599	6,879	6,962	6,759	9,498	7,258	8,391	6,952	6,350	9,011	6,574	5,677	6,679	6,131	7,509	6,740	7,456	6,743	6,809	7,837	8,095	7,518	7,830	6,269	9,028	7,210	8,806	7,345	5,986	5,910	7,553	5,561	7,500	5,900	1,900	1,600	12,800	-3,500	1,400	11,500	7,200	-810	280	230	-370	1,710	120	30	-50	-1,210	-120
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	15,113	11,663	10,007	12,027	17,872	20,978	11,587	5,305	23,995	11,925	13,864	12,618	14,426	-286	-769	-2,987	-1,655	6,594	-3,112	2,119	4,132	280	-2,496	109	102	1,565	924	2,425	2,318	711	11,434	7,033	2,464	5,755	2,100	1,394	1,374	2,204	2,847	1,236	676	4,712	-4,113	8,819	-7,087	11,953	5,584	-2,045	-5,353	5,997	-258	6,645	1,339	1,352	2,006	986	-3,388	1,029	1,299	506	-1,043	1,415	889	2,989	-32	2,061	378	1,121	86	1,615	1,850	941	160	1,277	1,126	496	1,050	1,532	1,528	-222	113	1,468	1,194	1,295	-87	1,550	1,238	1,428	-455	2,595	897	1,919	-652	1,751	872	1,598	-100	1,600	1,000	1,800	-900	2,100	1,000	1,400	-1,500	2,140	1,030	1,340	180	1,330	1,070	620	-80	980	930
Investments	-101,979	-106,639	-105,013	-90,638	-190,545	-181,289	-170,904	-138,656	24,173	126,012	-28,525	1,072	152,137	-66,314	-612,074	-59,740	-245	-1,425	-20,250	-3,894	-56,516	27,589	-40,478	27,174	-52,635	-11,735	-41,443	-53,442	3,440	-25,768	-34,409	-30,279	-25,095	-9,355	-8,807	-2,683	3,153	-26,886	-19,370	1,143	-22,628	8,865	-12,211	0	9,150	-15,667	6,775	1,679	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	8,785	-14,717	93,300	-7,568	-70,067	-6,567	125,855	-196,947	-110,943	182,057	-75,701	-10,194	250,825	5,471	-42,045	-3,047	-8,550	-8,142	71,283	-32,599	-49	-34,669	23,472	-1,525	21,414	-55	-54	-16,554	-10,054	-31,658	22,292	-9,327	9,301	-8	-1,323	14,188	-10,970	4,666	29,543	-21,811	16,736	0	-48	-3,493	3,397	-47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	12,098	9,236	4,836	11,227	15,719	15,481	12,252	11,354	607	9,787	9,613	9,312	9,011	6,547	6,833	3,818	4,408	4,813	4,403	4,077	4,649	2,164	2,779	1,004	501	2,249	2,345	1,994	2,076	1,901	2,022	1,805	1,627	1,894	2,044	963	888	1,595	1,707	1,511	1,400	1,488	1,366	685	1,191	1,266	1,360	1,134	1,352	1,132	1,059	1,000	742	480	791	735	-3,555	334	713	213	233	1,122	1,060	1,173	1,198	1,210	1,179	1,084	1,374	1,241	1,118	1,155	1,452	1,132	1,002	1,017	1,253	1,057	973	1,086	1,210	1,086	1,267	1,052	1,268	1,145	976	1,106	1,178	1,064	1,017	971	1,084	947	969	948	1,000	1,000	900	1,000	900	1,200	900	900	800	1,400	1,050	870	940	900	750	750	680	800	710
Other Cashflows From Financing Activities	-101,622	121,605	170,931	85,180	169,571	27,083	-286,238	-12,283	-111,871	-17,072	74,721	374,435	-47,822	130,034	625,475	75,934	10,354	110,738	-14,216	50,115	31,553	-11,494	24,158	-55,683	21,468	37,784	37,074	36,541	-2,818	44,798	60,875	23,961	28,458	11,975	9,254	-2,055	-9,336	28,239	14,417	3,270	16,876	-7,371	-2,687	14,801	-9,720	16,180	-22,698	2,530	-1,714	29,382	8,156	44,923	6,666	16,196	-4,604	36,709	27,720	18,094	26,232	14,745	34,279	11,535	9,160	34,576	6,688	10,246	4,702	-477	13,861	-2,569	14,640	7,662	3,252	19,651	10,637	-899	5,079	-1,313	19,236	6,127	6,384	10,603	-7,203	3,866	12,678	8,763	9,082	1,740	8,836	2,587	3,260	-1,787	11,168	9,234	2,676	1,456	21,000	1,100	2,500	800	13,300	-2,900	1,900	7,200	7,700	3,900	6,880	-2,210	6,150	1,890	2,200	4,540	4,590	9,970	3,220
Other Cashflows From Investing Activities	0	0	-382	-2,033	-21,128	1,862	127	71	110	73	206	734	1,379	17	-2,524	347	1,268	399	329	718	226	7,616	15	65,179	136	136	121	2,216	248	130	299	315	7	134	212	8,145	279	295	439	64	1,137	423	1,397	381	500	878	1,063	180	983	830	477	230	484	334	197	178	1,697	1,707	1,275	920	288	52	52	52	137	205	137	124	213	205	205	152	571	561	35	0	3,855	4,992	4,958	819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-172	3,999	-5,239	-214	3,772	4,548	-262	6,021	13,336	1,431	2,830	757	7,539	-8,021	-5,192	-6,621	-2,739	1,779	-3,658	-2,014	1,834	-2,093	411	-144	2,847	439	506	-1,470	3,334	-2,555	10,810	1,039	2,550	65	57	483	68	21	-54	87	17	-112	-361	-77	35	-62	-62	-62	-64	-64	1,694	-65	-32	61	-80	64	50	1,104	431	-72	-607	178	-316	70	751	-26	116	75	-23	75	281	79	-187	114	69	7	609	158	365	-618	-59	44	-35	130	-131	43	40	30	62	19	32	37	-152	22	1	12	-400	100	-100	200	-1,900	100	-1,600	0	-800	-1,530	9,330	-3,090	1,320	-1,510	5,570	-80	-790	650	820
Sale Purchase Of Stock	-296	-74	-4,474	100	2,957	-97	-2,957	82	128	82	70,310	-128	-2	-233	-1,474	68	73	66	69	61	-3,337	59	63	54	49	45	25	27	26	21	16	19	16	19	15	16	15	13	11	14	-120	15	-30	0	-4,830	15	14	14	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	291	312	251	249	446	237	291	168	164	227	173	132	118	104	96	96	95	91	80	80	80	74	55	58	76	32	18	19	19	17	9	8	8	11	1,678	8	695	1,747	-233	389	675	831	972	1,536	1,097	749	3,074	-2,341	-2,554	795	0	262	752	964	925	160	6,646	0	0	826	1,867	-8	0	0	9	-21	0	9	131	-33	21	-161	-83	0	-1	0	-4	-39	-234	-194	-48	-108	-150	-20	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	65,110	118,330	127,092	81,934	160,004	16,341	-362,455	-22,041	-50,439	-19,415	72,383	372,229	-58,943	118,185	615,840	64,455	-21,217	107,166	-15,790	47,960	30,138	-12,807	23,191	-56,801	19,863	37,175	36,470	35,935	-3,802	27,736	50,314	22,969	16,674	11,319	3,681	-2,543	-10,171	27,755	13,933	2,964	16,221	-11,178	-12,991	14,021	-10,303	15,833	-23,045	2,184	-2,695	28,112	7,039	38,716	6,162	15,812	-5,715	13,551	12,620	17,371	13,750	-7,911	20,171	10,799	3,423	23,845	5,954	9,514	-1,037	-1,177	8,160	-3,269	13,939	1,987	2,614	18,982	9,970	-1,566	4,417	-1,966	13,564	2,248	696	9,909	-7,864	3,211	12,022	8,110	6,920	-513	8,231	1,979	2,653	-2,395	10,562	8,626	2,070	849	9,300	600	1,900	-4,100	12,800	-3,500	1,400	6,700	7,200	3,410	6,390	-2,680	6,060	1,310	2,200	3,940	4,040	9,380	2,660
Total Cash From Operating Activities	15,176	12,533	10,922	12,949	18,387	22,163	12,764	6,677	24,343	13,559	14,727	13,270	15,173	-35	-167	-902	638	7,071	-2,654	2,776	4,693	1,372	2,035	2,883	2,423	4,959	1,318	3,195	2,523	962	11,599	7,187	2,664	5,981	2,742	1,787	1,607	2,307	3,021	1,735	700	4,765	-3,880	9,097	-6,869	12,278	5,619	-1,628	-4,952	6,277	161	6,960	1,418	1,573	2,599	1,680	-2,349	1,344	1,776	1,322	-474	1,871	1,133	3,307	305	2,061	1,432	1,687	865	1,851	1,850	1,125	229	1,930	2,119	862	1,064	1,638	1,589	1,026	198	1,529	1,252	2,120	-28	1,619	1,267	1,533	-448	2,656	947	1,951	-532	2,207	924	1,613	-100	1,700	1,000	1,800	-900	2,200	1,000	1,800	-1,500	2,150	1,070	1,360	260	1,370	1,210	750	60	1,520	1,720
Total Cashflows From Investing Activities	0	0	-106,310	-93,593	-212,188	-180,612	-171,954	-139,957	15,535	124,451	121,866	-261,852	152,137	-66,548	-612,676	-61,825	-1,270	-1,503	-20,379	-3,833	-56,851	34,113	-44,994	89,579	-54,956	-15,129	-41,716	-51,996	3,483	-25,889	-34,275	-30,118	-25,288	-9,447	-9,237	5,069	3,199	-26,694	-19,105	708	-21,515	9,235	-11,325	2,894	9,432	-15,114	7,803	1,442	-74,678	-82,831	-54,790	0	0	0	0	2,893	0	0	0	7,028	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	0	0	0	0	0	13,220	6,629	7,237	5,672	6,044	6,742	8,161	10,727	13,277	22,824	16,120	16,264	13,467	9,782	8,730	8,724	10,351	12,235	11,780	0	0	0	0	6,720	5,740
Depreciation And Amortization	1,780	2,012	6,374	1,398	1,430	1,224	104	126	88	1,297	1,289	1,139	1,307	1,320	1,152	914	875	677	615	495	426	340	336	369	400	400	300	361	320	270
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	44,694	91,332	36,051	31,339	21,426	27,840	19,358	17,106	14,276	11,590	11,197	13,320	15,288	13,806	8,801	19,582	21,404	19,244	15,760	13,779	14,302	15,691	17,183	16,628	14,900	15,000	13,600	12,200	10,820	9,460
Ebitda	44,694	93,344	42,425	32,737	22,856	29,064	19,462	17,232	14,364	12,887	12,486	14,459	16,595	15,126	9,953	20,496	22,279	19,921	16,375	14,274	14,728	16,031	17,519	16,997	15,300	15,400	13,900	12,561	11,140	9,730
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-1,169	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	236,339	169,306	127,555	103,779	82,784	63,392	43,193	40,552	35,859	26,200	27,518	26,828	25,019	22,920	21,688	20,648	19,586	18,510	16,690	15,529	14,257	13,448	12,974	12,154	12,100	12,200	11,100	850	2,110	2,620
Income Before Tax	44,694	67,347	36,051	31,339	21,426	12,725	11,589	10,081	8,172	7,163	6,140	6,195	5,766	3,164	-4,503	4,692	6,065	6,512	6,203	5,774	5,868	5,765	5,448	5,173	5,200	5,400	5,700	4,688	4,100	3,720
Income Tax Expense	7,297	12,541	6,732	5,130	3,725	2,129	4,500	2,277	1,644	1,462	1,201	1,244	1,223	416	-2,208	1,104	1,394	1,624	1,600	1,405	1,253	1,270	1,218	1,225	1,300	1,500	1,700	1,359	1,130	980
Interest Expense	89,366	17,767	14,754	19,727	25,164	12,720	6,304	5,367	4,607	4,427	5,057	7,125	9,522	10,642	13,304	14,890	15,339	12,732	9,557	8,005	8,434	9,926	11,735	11,455	9,700	9,600	7,900	7,512	6,720	5,740
Interest Income	216,964	165,600	123,322	107,935	95,312	68,654	43,892	40,212	36,490	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	37,397	54,806	29,319	26,209	17,701	10,596	7,089	7,804	6,528	5,701	4,939	4,951	4,543	2,748	-2,295	3,588	4,671	4,888	4,603	4,369	4,615	4,495	4,230	3,948	3,900	3,900	4,000	3,329	2,970	2,740
Net Income Applicable To Common Shares	0	54,806	29,319	26,209	17,701	10,494	7,089	7,804	6,038	5,351	4,616	4,437	4,029	2,234	0	3,572	4,671	4,888	4,603	4,369	4,615	4,495	4,230	3,948	0	0	0	0	0	0
Net Income From Continuing Ops	41,018	54,806	29,319	26,209	17,701	10,596	7,089	7,804	6,528	5,701	4,939	4,951	4,543	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	148,550	147,833	108,568	88,208	70,148	55,934	37,588	34,845	31,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	1,421	711	1,350	1,089	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	44,694	91,332	36,051	31,339	21,426	25,445	19,358	17,106	14,276	11,590	11,197	13,320	15,288	13,806	8,801	19,582	21,404	19,244	15,760	13,779	14,302	15,691	17,183	16,628	14,900	15,000	13,600	12,200	4,100	3,720
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,945	2,761	91,504	72,440	61,358	37,947	1,318	1,211	1,121	824	958	982	1,493	1,493	1,493	1,066	1,818	734	930	1,750	45	2,243	4,209	4,474	2,800	2,800	2,500	11,350	18,170	16,130
Preferred Stock And Other Adjustments	0	0	0	0	0	102	0	0	490	350	323	514	514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	8,591	2,012	6,374	6,452	6,073	3,619	1,569	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	542	906	1,025	516	500	533	308	253	378	354	299	679	525	403	255	298	185	100	115	127	144	100	200	100	141	0	0
Selling General Administrative	2,945	54,195	49,931	45,263	38,202	28,291	19,676	18,180	17,060	13,230	12,976	12,946	11,954	10,901	10,366	9,422	6,582	6,023	5,662	4,918	4,496	3,978	4,012	3,790	3,700	3,400	2,900	0	4,730	4,650
Tax Provision	8,582	12,541	6,732	5,130	3,725	2,129	4,500	2,277	1,644	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	2,945	2,761	-91,504	-72,440	-61,358	-37,947	1,318	1,211	1,121	824	958	982	1,493	1,493	1,493	-1,066	1,818	734	-930	-1,750	45	2,243	4,209	4,474	2,800	2,800	2,500	11,350	11,450	10,390
Total Other Income Expense Net	44,694	-23,985	36,051	31,339	21,426	-12,720	-7,769	-7,025	-6,104	-4,427	-5,057	-7,125	-9,522	-10,642	-13,304	-14,890	-15,339	-12,732	-9,557	-8,005	-8,434	-9,926	-11,735	-11,455	-9,700	-9,600	-7,900	-7,512	0	0
Total Revenue	236,339	169,306	127,555	103,779	82,784	63,392	43,193	40,552	35,859	26,200	27,518	26,828	25,019	22,920	21,688	20,648	19,586	18,510	16,690	15,529	14,257	13,448	12,974	12,154	12,100	12,200	11,100	850	8,830	8,360

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	0	0	-15,321	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,915	3,772	2,306	2,227	1,917	1,634	1,569	1,509	1,952	1,952	1,711	1,622	1,379	1,415	1,458	1,420	1,511	1,484	1,394	1,655	1,316	1,767	1,721	1,938	1,903	1,838	2,087	2,333	2,242	2,780	3,035	2,670	3,137	3,542	3,585	3,013	10,217	4,324	3,741	4,542	4,380	3,970	3,793	3,977	4,504	4,067	3,891	3,802	3,864	3,365	3,296	2,942	2,453	2,772	2,394	2,163	2,271	2,222	2,310	1,927	2,011	2,109	2,133	2,471	2,507	2,650	2,583	2,611	2,930	2,986	3,097	3,222	3,205	3,005	2,843	2,727	0	0	0	0	0	0	0	0	0	0	2,370	1,900	1,890	1,900	1,840	1,890	1,840	1,740	1,620	1,520
Depreciation And Amortization	491	484	461	344	496	514	521	481	1,674	266	276	281	432	317	326	323	352	355	360	363	1,111	341	248	248	416	25	24	29	443	31	34	25	437	26	26	327	317	337	326	317	256	379	397	257	271	317	273	278	323	311	-809	1,482	333	205	408	374	311	365	212	264	347	124	217	226	184	238	235	218	179	164	165	169	138	200	145	132	135	122	120	118	106	118	111	91	65	92	92	91	61	92	92	91	51	107	105	106	100	100	100	100	100	100	100	100	0	80	90	80	160	80	90	80	100	70	150	1,520
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	13,901	11,026	4,517	27,991	30,490	22,968	19,307	18,567	3,903	17,096	17,058	16,625	16,314	13,426	14,615	11,765	13,417	13,434	12,769	11,613	10,205	7,055	6,114	3,742	4,488	5,114	4,935	4,431	4,116	4,213	4,342	4,038	3,227	3,974	4,180	2,167	2,250	3,050	3,301	2,989	2,893	3,120	2,964	2,220	2,983	3,283	3,644	3,410	3,936	3,819	3,822	3,711	3,406	3,051	3,609	3,741	-2,395	3,457	4,034	3,705	3,911	5,184	5,059	5,427	5,432	5,474	5,322	5,176	5,326	4,979	4,583	4,356	4,650	4,011	3,619	3,480	3,834	3,427	3,175	3,342	3,501	3,423	3,779	3,599	4,004	4,025	3,718	3,944	4,170	4,252	4,350	4,409	4,535	4,157	4,020	3,916	3,800	3,600	3,700	3,700	3,600	4,000	3,400	3,500	1,100	4,000	3,850	3,120	3,220	3,160	2,900	2,940	2,780	2,850	2,590	1,090
Ebitda	14,392	11,510	4,978	28,335	30,986	23,482	19,828	19,048	5,577	17,362	17,334	16,906	16,746	13,743	14,941	12,088	13,769	13,789	13,129	11,976	11,316	7,396	6,362	3,990	4,904	5,139	4,959	4,460	4,559	4,244	4,376	4,063	3,664	4,000	4,206	2,494	2,567	3,387	3,627	3,306	3,149	3,499	3,361	2,477	3,254	3,600	3,917	3,688	4,259	4,130	3,013	5,193	3,739	3,256	4,017	4,115	-2,084	3,822	4,246	3,969	4,258	5,308	5,276	5,653	5,616	5,712	5,557	5,394	5,505	5,143	4,748	4,525	4,788	4,211	3,764	3,612	3,969	3,549	3,295	3,460	3,607	3,541	3,890	3,690	4,069	4,117	3,810	4,035	4,231	4,344	4,442	4,500	4,586	4,264	4,125	4,022	3,900	3,700	3,800	3,800	3,700	4,100	3,500	3,600	3,200	4,000	3,940	3,200	3,380	3,240	2,990	3,020	2,880	2,920	2,740	2,610
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	66,117	63,417	56,579	39,881	44,802	44,911	40,645	40,035	34,465	31,370	31,803	29,917	31,494	26,718	24,968	20,599	21,993	20,806	20,626	19,359	19,866	18,031	12,972	12,523	10,818	11,080	10,766	10,529	10,945	10,151	9,903	9,543	9,083	9,227	9,594	7,038	6,633	6,544	7,555	7,079	6,899	7,303	6,988	6,328	6,632	6,827	6,954	6,415	6,600	6,383	6,295	5,741	5,867	5,811	5,926	12,671	5,620	5,579	5,592	4,897	5,209	5,290	5,048	5,094	5,094	4,807	4,871	4,815	4,752	4,549	4,632	4,598	4,321	4,326	4,066	3,977	3,933	3,937	3,966	3,692	3,540	3,541	3,721	3,456	3,445	3,382	3,245	3,376	3,379	3,265	3,256	3,074	3,093	3,008	3,061	2,992	3,000	2,900	3,200	3,100	3,000	3,200	2,700	2,700	2,700	3,300	870	510	640	510	440	350	290	520	560	750
Income Before Tax	14,392	11,510	4,978	13,814	19,298	19,107	15,023	13,919	590	12,059	11,923	11,479	10,920	7,436	8,515	4,468	5,594	5,522	5,383	4,927	5,565	2,712	3,231	1,217	2,671	3,120	3,114	2,684	2,714	2,427	2,615	2,325	2,048	2,440	2,637	1,047	1,139	1,507	2,182	1,881	1,777	1,928	1,658	777	1,441	1,595	1,782	1,377	1,744	1,444	1,337	1,241	844	484	949	888	-5,612	241	772	96	231	1,490	1,420	1,550	1,478	1,582	1,556	1,449	1,762	1,689	1,512	1,549	1,972	1,519	1,335	1,377	1,663	1,406	1,290	1,415	1,490	1,389	1,671	1,318	1,622	1,475	1,235	1,433	1,490	1,367	1,329	1,262	1,405	1,227	1,277	1,264	1,300	1,200	1,300	1,300	1,200	1,600	1,200	1,300	1,100	2,000	1,480	1,230	1,330	1,260	1,060	1,040	930	1,110	970	1,090
Income Tax Expense	2,294	2,274	142	2,587	3,579	3,626	2,771	2,565	-17	2,272	2,310	2,167	1,909	889	1,682	650	1,186	709	980	850	916	548	452	213	2,170	871	769	690	638	526	593	520	421	546	593	84	251	366	475	370	377	440	292	92	250	329	422	243	392	312	278	241	102	4	158	153	-2,057	-93	59	-117	-2	368	360	377	280	372	377	365	388	447	395	394	520	387	333	360	410	349	317	329	280	303	404	266	354	330	259	327	312	303	312	291	321	280	308	316	300	300	300	300	300	500	300	400	300	600	430	350	390	360	310	300	260	310	260	300
Interest Expense	29,117	25,937	20,135	14,177	8,165	3,597	2,787	3,218	3,313	3,746	3,852	3,843	4,137	4,714	4,842	6,034	6,630	6,746	6,228	5,560	4,640	3,672	2,306	2,102	1,817	1,634	1,469	1,384	1,402	1,367	1,326	1,282	1,179	1,150	1,158	1,120	1,112	1,089	1,119	1,108	1,116	1,192	1,306	1,443	1,542	1,688	1,862	2,033	2,192	2,375	2,485	2,470	2,562	2,567	2,660	2,853	3,217	3,216	3,262	3,609	3,680	3,694	3,639	3,877	3,954	3,892	3,766	3,727	3,564	3,290	3,071	2,807	2,678	2,492	2,284	2,103	2,171	2,021	1,885	1,927	2,011	2,034	2,108	2,281	2,382	2,550	2,483	2,511	2,680	2,885	3,021	3,147	3,130	2,930	2,743	2,652	2,500	2,400	2,400	2,400	2,400	2,400	2,200	2,200	2,100	2,000	2,370	1,900	1,890	1,900	1,840	1,890	1,840	1,740	1,620	1,520
Interest Income	66,117	63,417	56,579	50,226	46,742	43,006	38,220	37,632	32,685	30,740	30,729	29,168	31,926	26,122	26,188	23,699	23,935	24,513	23,998	22,866	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	12,098	9,236	4,836	11,227	15,719	15,481	12,252	11,354	607	9,787	9,613	9,312	9,011	6,547	6,833	3,818	4,408	4,813	4,403	4,077	4,649	2,164	2,779	1,004	501	2,249	2,345	1,994	2,076	1,901	2,022	1,805	1,627	1,894	2,044	963	888	1,507	1,707	1,511	1,400	1,488	1,366	685	1,191	1,266	1,360	1,134	1,352	1,132	1,059	1,000	742	480	791	607	-3,555	334	713	213	233	1,122	1,060	1,173	1,198	1,210	1,179	1,084	1,374	1,242	1,117	1,155	1,452	1,132	1,002	1,017	1,253	1,057	973	1,086	1,210	1,086	1,267	1,052	1,268	1,145	976	1,106	1,178	1,064	1,017	971	1,084	947	969	948	1,000	900	1,000	1,000	900	1,100	900	900	800	1,400	1,050	870	940	900	750	750	680	800	710	790
Net Income Applicable To Common Shares	0	0	4,836	11,227	15,719	15,481	12,252	11,354	607	9,787	9,613	9,312	9,011	6,547	6,833	3,818	4,408	4,813	4,403	4,077	4,585	2,126	2,779	1,004	501	2,249	2,345	1,994	54	1,901	4,044	1,805	1,408	1,802	1,952	876	801	1,507	1,619	1,424	1,313	1,400	1,279	624	1,062	1,138	1,231	1,006	1,223	1,004	930	872	613	352	662	607	-206	206	584	85	217	1,122	1,060	1,173	1,198	1,210	1,179	1,084	1,373	1,242	1,118	1,155	1,452	1,132	1,002	1,017	1,253	1,057	973	1,086	1,210	1,086	1,267	1,052	1,268	1,145	976	1,106	1,178	1,064	1,017	971	1,084	947	969	948	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	12,098	9,236	4,836	11,227	15,719	15,481	12,252	11,354	607	9,787	9,613	9,312	9,011	6,547	6,833	3,818	4,408	4,813	4,403	4,077	4,649	2,164	2,779	1,004	501	2,249	2,345	1,994	2,076	1,901	2,022	1,805	1,627	1,894	2,044	963	888	1,595	1,707	1,511	0	1,488	1,366	0	1,191	1,266	1,360	1,134	0	1,132	1,059	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	37,000	37,480	36,444	36,049	38,577	39,409	35,433	34,414	29,372	26,994	26,877	25,325	27,789	21,408	21,346	17,665	17,305	17,767	17,770	17,306	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,918	1,918	408	1,971	-1,345	387	524	610	-625	202	1,350	0	0	0	1,089	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	14,392	11,510	4,978	27,991	30,490	22,968	19,307	18,567	3,903	17,096	17,058	16,625	16,314	13,426	14,615	11,765	13,417	13,434	12,769	11,613	10,205	7,055	6,114	3,742	4,488	5,114	4,935	4,431	4,116	4,213	4,342	4,038	3,227	3,974	4,180	2,167	2,250	3,050	3,301	2,989	2,893	3,120	2,964	2,220	2,983	3,283	3,644	3,410	3,936	3,819	3,822	3,711	3,406	3,051	3,609	3,741	-2,395	3,457	4,034	3,705	3,911	5,184	5,059	5,427	5,432	5,474	5,322	5,176	5,326	4,979	4,583	4,356	4,650	4,011	3,619	3,480	3,834	3,427	3,175	3,342	3,501	3,423	3,779	3,599	4,004	4,025	3,718	3,944	4,170	4,252	4,350	4,409	4,535	4,157	4,020	3,916	3,800	3,600	3,700	3,700	3,600	4,000	3,400	3,500	3,200	4,000	1,480	1,230	1,330	1,260	1,060	1,040	930	1,110	970	1,090
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Operating Expenses	653	890	602	800	2,761	528	694	21,468	1,979	784	712	561	2,207	440	447	556	2,585	549	697	601	2,142	546	486	413	1,318	357	320	284	1,211	276	322	286	1,121	288	308	231	824	196	252	145	958	278	228	197	982	277	266	176	798	173	236	150	828	182	2,317	206	1,493	271	481	333	1,298	106	11	333	338	667	451	361	574	430	49	242	329	315	447	497	99	510	791	350	39	118	58	143	559	643	473	568	791	987	1,094	1,335	1,442	1,149	959	924	800	700	500	600	600	800	700	800	500	700	6,510	4,990	4,970	4,960	4,900	4,980	4,870	4,630	4,450	4,220
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	64	38	0	0	0	0	0	0	0	0	0	0	219	92	92	87	87	88	88	87	0	88	87	0	129	128	129	128	0	128	129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	1,792	484	461	344	496	514	521	481	1,674	266	276	281	1,689	1,593	1,584	1,586	1,545	1,521	1,518	1,489	1,111	1,012	825	671	416	385	376	392	443	450	435	456	437	410	411	327	317	337	326	317	256	379	397	257	271	317	273	278	323	311	-809	1,482	333	205	408	374	311	365	212	264	347	124	217	226	184	238	235	218	179	164	165	169	138	200	145	132	135	122	120	118	106	118	111	91	65	92	92	91	61	92	92	91	51	107	105	106	100	100	100	100	100	100	100	100	0	80	90	80	160	80	90	80	100	70	150	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	466	174	157	135	136	104	98	204	263	238	226	179	332	274	230	189	139	139	131	107	131	146	139	84	161	137	147	88	81	95	84	48	61	87	62	43	90	91	128	69	110	86	95	63	69	86	75	68	73	145	266	194	188	155	103	91	91	85	142	85	85	51	42	56	56	79	108	46	46	30	69	0	100	0	0	0	115	0	0	0	127	0	0	0	144	0	0	0	100	0	0	0	200	0	0	0	100	0	2,370	1,900	1,890	1,900	1,840	1,890	1,840	1,740	1,620	1,520
Selling General Administrative	653	890	15,711	14,184	13,677	15,641	14,667	15,941	13,792	12,488	12,002	11,649	13,215	12,323	9,777	9,948	9,943	9,594	9,372	9,120	9,389	7,646	5,303	5,953	4,950	4,991	4,856	4,879	4,883	4,601	4,347	4,438	4,557	4,278	4,241	3,859	3,570	3,198	3,370	3,092	3,216	3,099	3,243	3,418	2,767	3,434	3,401	3,344	3,193	2,968	2,945	2,848	2,897	2,740	2,653	2,519	2,604	2,672	2,653	2,450	3,994	1,832	1,794	1,817	1,582	1,675	1,601	1,723	1,319	1,557	1,562	1,584	1,442	1,395	1,344	1,481	1,220	1,294	1,175	1,229	1,131	1,127	1,176	1,062	836	1,078	1,036	1,028	932	1,044	1,039	998	928	971	964	927	800	900	1,000	1,000	900	800	800	700	900	700	1,770	1,190	1,190	1,160	1,220	1,200	1,190	1,150	1,210	1,180
Tax Provision	2,294	2,274	142	2,587	3,579	3,626	2,771	2,565	-17	2,272	2,310	2,167	1,909	889	1,682	650	1,186	709	980	850	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	653	890	602	800	2,761	528	694	-21,468	1,979	784	712	561	2,207	440	447	556	2,585	549	697	601	2,142	546	486	413	1,318	357	320	284	1,211	276	322	286	1,121	288	308	231	824	196	252	145	958	278	228	197	982	277	266	176	798	173	236	150	828	182	-2,317	206	1,493	271	481	333	-1,298	-106	11	333	338	667	451	361	574	430	-49	-242	329	-315	-447	-497	-99	-510	-791	-350	-39	-118	58	143	559	643	473	568	791	987	1,094	1,335	1,442	1,149	959	924	800	700	500	600	600	800	700	800	500	700	4,140	3,090	3,080	3,060	3,060	3,090	3,030	2,890	2,830	2,700
Total Other Income Expense Net	14,392	11,510	4,978	-14,177	-11,192	-3,861	-4,284	-4,648	-3,313	-5,037	-5,135	-5,146	-5,394	-5,990	-6,100	-7,297	-7,823	-7,912	-7,386	-6,686	-4,640	-4,343	-2,883	-2,525	-1,817	-1,994	-1,821	-1,747	-1,402	-1,786	-1,727	-1,713	-1,179	-1,534	-1,543	-1,120	-1,111	-1,543	-1,119	-1,108	-1,116	-1,192	-1,306	-1,443	-1,542	-1,688	-1,862	-2,033	-2,192	-2,375	-2,485	-2,470	-2,562	-2,567	-2,660	-2,853	-3,217	-3,216	-3,262	-3,609	-3,680	-3,694	-3,639	-3,877	-3,954	-3,892	-3,766	-3,727	-3,564	-3,290	-3,071	-2,807	-2,678	-2,492	-2,284	-2,103	-2,171	-2,021	-1,885	-1,927	-2,011	-2,034	-2,108	-2,281	-2,382	-2,550	-2,483	-2,511	-2,680	-2,885	-3,021	-3,147	-3,130	-2,930	-2,743	-2,652	-2,500	-2,400	-2,400	-2,400	-2,400	-2,400	-2,200	-2,200	-2,100	-2,000	0	0	0	0	0	0	0	0	0	-
Total Revenue	66,117	63,417	41,258	39,881	44,802	44,911	40,645	40,035	34,465	31,370	31,803	29,917	31,494	26,718	24,968	20,599	21,993	20,806	20,626	19,359	19,866	18,031	12,972	12,523	10,818	11,080	10,766	10,529	10,945	10,151	9,903	9,543	9,083	9,227	9,594	7,038	6,633	6,544	7,555	7,079	6,899	7,303	6,988	6,328	6,632	6,827	6,954	6,415	6,600	6,383	6,295	5,741	5,867	5,811	5,926	12,671	5,620	5,579	5,592	4,897	5,209	5,290	5,048	5,094	5,094	4,807	4,871	4,815	4,752	4,549	4,632	4,598	4,321	4,326	4,066	3,977	3,933	3,937	3,966	3,692	3,540	3,541	3,721	3,456	3,445	3,382	3,245	3,376	3,379	3,265	3,256	3,074	3,093	3,008	3,061	2,992	3,000	2,900	3,200	3,100	3,000	3,200	2,700	2,700	2,700	3,300	3,240	2,410	2,530	2,410	2,280	2,240	2,130	2,260	2,180	2,270

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	236,339
Cost of Revenue	-0
Gross Profit	236,339	236,339

Operating Income (+$)
Gross Profit	236,339
Operating Expense	-2,945
Operating Income	44,694	233,394

Operating Expense (+$)
Research Development	0
Selling General Administrative	2,945
Selling And Marketing Expenses	0
Operating Expense	2,945	2,945

Net Interest Income (+$)
Interest Income	216,964
Interest Expense	-89,366
Other Finance Cost	-20,952
Net Interest Income	148,550

Pretax Income (+$)
Operating Income	44,694
Net Interest Income	148,550
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	44,694	0 EBIT - interestExpense = -44,672 44,694 126,763
Interest Expense	89,366
Earnings Before Interest and Taxes (EBIT)	44,694	134,060
Earnings Before Interest and Taxes (EBITDA)	44,694

After tax Income (+$)
Income Before Tax	44,694
Tax Provision	-8,582
Net Income From Continuing Ops	41,018	36,112
Net Income	37,397
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	2,945
Total Other Income/Expenses Net	44,694	-148,550

Technical Analysis of Mid Penn Bancorp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Mid Penn Bancorp. The general trend of Mid Penn Bancorp is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Mid Penn Bancorp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-42.9%)		Bearish trend (42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Mid Penn Bancorp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 20.70 < 21.11 < 22.55.

The bearish price targets are: 18.26 > 17.56.

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Mid Penn Bancorp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Mid Penn Bancorp. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Mid Penn Bancorp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Mid Penn Bancorp. The current macd is -0.15979598.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Mid Penn Bancorp price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Mid Penn Bancorp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Mid Penn Bancorp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Mid Penn Bancorp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Mid Penn Bancorp. The current adx is 9.28757093.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Mid Penn Bancorp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

Mid Penn Bancorp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Mid Penn Bancorp. The current sar is 19.20.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Mid Penn Bancorp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Mid Penn Bancorp. The current rsi is 56.87. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Mid Penn Bancorp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Mid Penn Bancorp. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Mid Penn Bancorp price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Mid Penn Bancorp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Mid Penn Bancorp. The current cci is 160.57.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Mid Penn Bancorp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Mid Penn Bancorp. The current cmo is 29.07.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Mid Penn Bancorp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Mid Penn Bancorp. The current willr is -27.77777778.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Mid Penn Bancorp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Mid Penn Bancorp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Mid Penn Bancorp.

Mid Penn Bancorp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Mid Penn Bancorp. The current atr is 0.59392302.

Mid Penn Bancorp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Mid Penn Bancorp. The current obv is 1,868,128.

Mid Penn Bancorp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Mid Penn Bancorp. The current mfi is 74.26.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Mid Penn Bancorp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Mid Penn Bancorp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-30	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-18	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-02	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-29	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-30	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-31	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-07	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-04	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-25	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-16	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Mid Penn Bancorp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Mid Penn Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	56.873
Ma 20	Greater than	Ma 50	19.829
Ma 50	Greater than	Ma 100	20.300
Ma 100	Greater than	Ma 200	21.656
Open	Greater than	Close	19.620
Total			2/5 (40.0%)

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Quick analysis of Mid Penn Bancorp (30 sec.)

What can you expect buying and holding a share of Mid Penn Bancorp? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

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1. Valuation of Mid Penn Bancorp (5 min.)

$20.50

$32.72

$12.33 - $43.62

$45.06 - $76.35

2. Growth of Mid Penn Bancorp (5 min.)

Is Mid Penn Bancorp growing?

How much money is Mid Penn Bancorp making?

How much money comes from the company's main activities?

3. Financial Health of Mid Penn Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Mid Penn Bancorp? (5 min.)

What can you expect buying and holding a share of Mid Penn Bancorp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Mid Penn Bancorp

About Mid Penn Bancorp

Financial Health

Valuation

1.1. Profitability of Mid Penn Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Mid Penn Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Mid Penn Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Mid Penn Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Mid Penn Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Mid Penn Bancorp
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