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Microsoft Corporation
Buy, Hold or Sell?

Let's analyse Microsoft together

PenkeI guess you are interested in Microsoft Corporation. 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 Microsoft Corporation. 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 Microsoft (30 sec.)










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

How much money do you get?

How much money do you get?
$2.65
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$27.62
Expected worth in 1 year
$33.05
How sure are you?
92.5%

+ What do you gain per year?

Total Gains per Share
$8.08
Return On Investment
2.6%

For what price can you sell your share?

Current Price per Share
$313.64
Expected price per share
$287.13 - $358.73
How sure are you?
50%
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1. Valuation of Microsoft (5 min.)




Live pricePrice per Share (EOD)

$313.64

Intrinsic Value Per Share

$69.45 - $115.78

Total Value Per Share

$97.07 - $143.39

2. Growth of Microsoft (5 min.)




Is Microsoft growing?

Current yearPrevious yearGrowGrow %
How rich?$206.2b$160.3b$29b15.3%

How much money is Microsoft making?

Current yearPrevious yearGrowGrow %
Making money$18b$18.1b-$94.2m-0.5%
Net Profit Margin34.1%36.9%--

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

3. Financial Health of Microsoft (5 min.)




4. Comparing to competitors in the Software-Infrastructure industry (5 min.)




  Industry Rankings (Software-Infrastructure)  


Richest
#2 / 309

Most Revenue
#2 / 309

Most Profit
#2 / 309
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What can you expect buying and holding a share of Microsoft? (5 min.)

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

What can you expect buying and holding a share of Microsoft?

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

Speculation

The Price per Share of Microsoft is $313.64. 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 Microsoft.
  • 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 Microsoft, 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 $27.62. Based on the TTM, the Book Value Change Per Share is $1.36 per quarter. Based on the YOY, the Book Value Change Per Share is $0.86 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 $0.66 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Microsoft.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps2.690.9%2.420.8%2.410.8%1.910.6%1.230.4%
Usd Book Value Change Per Share1.530.5%1.360.4%0.860.3%0.850.3%0.460.1%
Usd Dividend Per Share0.680.2%0.660.2%0.600.2%0.550.2%0.440.1%
Usd Total Gains Per Share2.210.7%2.020.6%1.470.5%1.400.4%0.900.3%
Usd Price Per Share340.54-275.39-295.85-217.51-137.29-
Price to Earnings Ratio31.66-28.29-30.84-28.06-22.08-
Price-to-Total Gains Ratio153.96-136.49-213.01-158.63-128.77-
Price to Book Ratio12.33-10.80-13.94-11.81-8.78-
Price-to-Total Gains Ratio153.96-136.49-213.01-158.63-128.77-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share313.64
Number of shares3
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.660.55
Usd Book Value Change Per Share1.360.85
Usd Total Gains Per Share2.021.40
Gains per Quarter (3 shares)6.064.19
Gains per Year (3 shares)24.2416.77
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1816147107
2163338132024
3244962203141
4326586264158
54081110335175
64898134406192
7561141584671109
8641301825381126
9721472065992143
107916323066102160

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.02.00.095.0%133.03.00.097.8%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%31.09.00.077.5%108.028.00.079.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%96.00.040.070.6%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%37.03.00.092.5%117.019.00.086.0%
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Fundamentals of Microsoft

About Microsoft Corporation

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment provides server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington.

Fundamental data was last updated by Penke on 2023-09-29 15:36:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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 yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is fair priced.
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1.1. Profitability of Microsoft Corporation.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Microsoft earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Microsoft to the Software-Infrastructure industry mean.
  • A Net Profit Margin of 35.7% means that $0.36 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Microsoft Corporation:

  • The MRQ is 35.7%. The company is making a huge profit. +2
  • The TTM is 34.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ35.7%TTM34.1%+1.6%
TTM34.1%YOY36.9%-2.8%
TTM34.1%5Y33.9%+0.2%
5Y33.9%10Y26.6%+7.3%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ35.7%-3.3%+39.0%
TTM34.1%-8.4%+42.5%
YOY36.9%-6.5%+43.4%
5Y33.9%-9.6%+43.5%
10Y26.6%-10.6%+37.2%
1.1.2. Return on Assets

Shows how efficient Microsoft is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Microsoft to the Software-Infrastructure industry mean.
  • 4.9% Return on Assets means that Microsoft generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Microsoft Corporation:

  • The MRQ is 4.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.9%TTM4.8%+0.1%
TTM4.8%YOY5.3%-0.5%
TTM4.8%5Y4.5%+0.3%
5Y4.5%10Y3.4%+1.1%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ4.9%-1.0%+5.9%
TTM4.8%-1.6%+6.4%
YOY5.3%-1.1%+6.4%
5Y4.5%-2.0%+6.5%
10Y3.4%-1.9%+5.3%
1.1.3. Return on Equity

Shows how efficient Microsoft is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Microsoft to the Software-Infrastructure industry mean.
  • 9.7% Return on Equity means Microsoft generated $0.10 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Microsoft Corporation:

  • The MRQ is 9.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.7%TTM9.6%+0.2%
TTM9.6%YOY11.4%-1.8%
TTM9.6%5Y10.6%-1.0%
5Y10.6%10Y8.0%+2.5%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ9.7%-2.0%+11.7%
TTM9.6%-2.7%+12.3%
YOY11.4%-2.3%+13.7%
5Y10.6%-3.4%+14.0%
10Y8.0%-3.2%+11.2%
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1.2. Operating Efficiency of Microsoft Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Microsoft is operating .

  • Measures how much profit Microsoft 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 Microsoft to the Software-Infrastructure industry mean.
  • An Operating Margin of 43.2% means the company generated $0.43  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Microsoft Corporation:

  • The MRQ is 43.2%. The company is operating very efficient. +2
  • The TTM is 41.8%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ43.2%TTM41.8%+1.4%
TTM41.8%YOY42.7%-0.9%
TTM41.8%5Y40.2%+1.6%
5Y40.2%10Y35.6%+4.6%
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ43.2%-2.4%+45.6%
TTM41.8%-2.0%+43.8%
YOY42.7%-6.3%+49.0%
5Y40.2%-4.8%+45.0%
10Y35.6%-4.9%+40.5%
1.2.2. Operating Ratio

Measures how efficient Microsoft is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software-Infrastructure industry mean).
  • An Operation Ratio of 0.57 means that the operating costs are $0.57 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Microsoft Corporation:

  • The MRQ is 0.568. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.582. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.568TTM0.582-0.014
TTM0.582YOY0.579+0.004
TTM0.5825Y0.601-0.018
5Y0.60110Y0.655-0.054
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5681.129-0.561
TTM0.5821.137-0.555
YOY0.5791.235-0.656
5Y0.6011.219-0.618
10Y0.6551.161-0.506
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1.3. Liquidity of Microsoft Corporation.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Microsoft is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Software-Infrastructure industry mean).
  • A Current Ratio of 1.77 means the company has $1.77 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Microsoft Corporation:

  • The MRQ is 1.769. The company is able to pay all its short-term debts. +1
  • The TTM is 1.863. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.769TTM1.863-0.094
TTM1.863YOY2.046-0.183
TTM1.8635Y2.386-0.523
5Y2.38610Y2.572-0.186
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7691.422+0.347
TTM1.8631.486+0.377
YOY2.0461.824+0.222
5Y2.3861.850+0.536
10Y2.5721.942+0.630
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Microsoft to the Software-Infrastructure industry mean.
  • A Quick Ratio of 2.27 means the company can pay off $2.27 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Microsoft Corporation:

  • The MRQ is 2.271. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.517. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.271TTM2.517-0.246
TTM2.517YOY3.058-0.541
TTM2.5175Y3.755-1.238
5Y3.75510Y4.204-0.449
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2711.078+1.193
TTM2.5171.115+1.402
YOY3.0581.453+1.605
5Y3.7551.478+2.277
10Y4.2041.591+2.613
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1.4. Solvency of Microsoft Corporation.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Microsoft assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Microsoft to Software-Infrastructure industry mean.
  • A Debt to Asset Ratio of 0.50 means that Microsoft assets are financed with 49.9% credit (debt) and the remaining percentage (100% - 49.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Microsoft Corporation:

  • The MRQ is 0.499. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.501. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.499TTM0.501-0.001
TTM0.501YOY0.537-0.036
TTM0.5015Y0.574-0.073
5Y0.57410Y0.576-0.002
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4990.531-0.032
TTM0.5010.521-0.020
YOY0.5370.495+0.042
5Y0.5740.548+0.026
10Y0.5760.565+0.011
1.4.2. Debt to Equity Ratio

Measures if Microsoft is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Microsoft to the Software-Infrastructure industry mean.
  • A Debt to Equity ratio of 99.8% means that company has $1.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Microsoft Corporation:

  • The MRQ is 0.998. The company is very able to pay all its debts with equity. +2
  • The TTM is 1.003. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ0.998TTM1.003-0.006
TTM1.003YOY1.160-0.157
TTM1.0035Y1.385-0.381
5Y1.38510Y1.443-0.058
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9981.000-0.002
TTM1.0031.003+0.000
YOY1.1600.889+0.271
5Y1.3851.080+0.305
10Y1.4431.145+0.298
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2. Market Valuation of Microsoft Corporation

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 Microsoft generates.

  • Above 15 is considered overpriced but always compare Microsoft to the Software-Infrastructure industry mean.
  • A PE ratio of 31.66 means the investor is paying $31.66 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Microsoft Corporation:

  • The EOD is 29.156. Based on the earnings, the company is overpriced. -1
  • The MRQ is 31.657. Based on the earnings, the company is overpriced. -1
  • The TTM is 28.290. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD29.156MRQ31.657-2.501
MRQ31.657TTM28.290+3.367
TTM28.290YOY30.841-2.552
TTM28.2905Y28.057+0.233
5Y28.05710Y22.082+5.975
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
EOD29.156-1.346+30.502
MRQ31.657-1.764+33.421
TTM28.290-1.733+30.023
YOY30.841-4.729+35.570
5Y28.057-1.498+29.555
10Y22.082-1.318+23.400
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Microsoft Corporation:

  • The EOD is 29.530. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 32.062. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 44.862. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD29.530MRQ32.062-2.533
MRQ32.062TTM44.862-12.800
TTM44.862YOY39.579+5.283
TTM44.8625Y34.734+10.128
5Y34.73410Y26.622+8.112
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
EOD29.530-0.878+30.408
MRQ32.062-1.037+33.099
TTM44.862-1.295+46.157
YOY39.579-1.703+41.282
5Y34.734-0.392+35.126
10Y26.622-0.411+27.033
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software-Infrastructure industry mean).
  • A PB ratio of 12.33 means the investor is paying $12.33 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Microsoft Corporation:

  • The EOD is 11.356. Based on the equity, the company is expensive. -2
  • The MRQ is 12.330. Based on the equity, the company is expensive. -2
  • The TTM is 10.803. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD11.356MRQ12.330-0.974
MRQ12.330TTM10.803+1.527
TTM10.803YOY13.937-3.134
TTM10.8035Y11.813-1.010
5Y11.81310Y8.782+3.031
Compared to industry (Software-Infrastructure)
PeriodCompanyIndustry (mean)+/- 
EOD11.3562.882+8.474
MRQ12.3303.052+9.278
TTM10.8033.083+7.720
YOY13.9374.285+9.652
5Y11.8133.998+7.815
10Y8.7824.677+4.105
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Microsoft Corporation.

3.1. Institutions holding Microsoft Corporation

Institutions are holding 73.212% of the shares of Microsoft Corporation.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-06-30Vanguard Group Inc8.79235.274765324754637032430.5701
2023-06-30BlackRock Inc7.21755.0335536245027-1328069-0.247
2023-06-30State Street Corporation3.95195.251229361407815071930.516
2023-06-30FMR Inc2.8285.9987210111250-190935496-47.6093
2023-06-30T. Rowe Price Associates, Inc.2.15227.5879159904219-6131515-3.6929
2023-06-30Geode Capital Management, LLC1.99375.912714812947037637102.6071
2023-06-30Morgan Stanley - Brokerage Accounts1.66224.14512349832231814272.6442
2023-06-30JPMorgan Chase & Co1.52124.18241130248371840709619.4542
2023-06-30Capital World Investors1.15095.600585507261-2101719-2.399
2023-06-30Capital Research & Mgmt Co - Division 31.12716.879983738780-1281861-1.5077
2023-06-30Northern Trust Corp1.06035.15578775799-4489324-5.3916
2023-06-30Capital Research Global Investors0.98846.70173434222-1679937-2.2365
2023-06-30Bank of New York Mellon Corp0.96815.141671927618-3011049-4.018
2023-06-30Bank of America Corp0.93112.469169175428-9337306-11.8927
2023-06-30Wellington Management Company LLP0.9014.3215669385219044461.3697
2023-06-30Nuveen Asset Management, LLC0.72696.398854008883-1001333-1.8203
2023-06-30Legal & General Group PLC0.6925.69535141098612854862.5645
2023-06-30AllianceBernstein L.P.0.61236.322645493476-2888887-5.971
2023-06-30Charles Schwab Investment Management Inc0.5814.185743164754843350.1958
2023-06-30Massachusetts Financial Services Company0.52944.39839336480-264473-0.6678
Total 40.3875106.65513000686957-191614033-6.4%

3.2. Funds holding Microsoft Corporation

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-08-31Vanguard Total Stock Mkt Idx Inv3.11815.5388231670551647610.028
2023-03-31Vanguard Instl Ttl Stck Mkt Idx Tr3.10195.360223046719137570061.6572
2023-08-31Vanguard 500 Index Investor2.41026.452217907372810046120.5642
2023-07-31Fidelity® 500 Index1.13746.4969845048175420930.6456
2023-08-31SPDR® S&P 500 ETF Trust1.10226.4637818881785230940.6429
2023-08-31iShares Core S&P 500 ETF0.9366.454369545163-156461-0.2245
2023-08-31Vanguard Growth Index Investor0.852411.3697633283562665490.4227
2023-08-31Invesco QQQ Trust0.78599.3232583924522578080.4435
2023-08-31Vanguard Institutional Index I0.67646.461350256261-257199-0.5092
2023-06-30Capital Group Growth Fnd of Amer Comp0.53525.820339761941-1494843-3.6233
2023-06-30American Funds Growth Fund of Amer A0.53525.820339761941-1494843-3.6233
2023-08-31State St S&P 500® Indx SL Cl III0.47666.4156354137571796000.5097
2023-08-31Technology Select Sector SPDR® ETF0.455721.77433857790759210.2247
2023-08-31Vanguard Information Technology ETF0.424916.534831571290-5716604-15.331
2023-06-30American Funds Washington Mutual A0.38896.185728893282-1111129-3.7032
2023-06-30Capital Group Wash Mutual Invtrs Comp0.38896.185728893282-1111129-3.7032
2023-06-30Blackrock Eq Idx Fund CF0.36116.79152682581310326354.0035
2023-06-30Capital Group Investment Co of Amer Comp0.3567.729526447811-124400-0.4682
2023-06-30American Funds Invmt Co of Amer A0.3567.729526447811-124400-0.4682
2023-06-30American Funds American Balanced A0.34824.357925867798-1236282-4.5612
Total 18.7472159.26511392869213-5123211-0.4%

3.3. Insider Transactions

Insiders are holding 0.052% of the shares of Microsoft Corporation.

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-09-20Pete SessionsBUY0320.77 
2023-09-01Kathleen T HoganSELL26815327.37
2023-09-01Satya NadellaSELL38234328.43
2023-08-31Suzan K. DelbeneSELL0327.76 
2023-08-30Suzan K. DelbeneSELL0328.79 
2023-08-22Shelley Moore CapitoSELL0322.46 
2023-08-22Dan SullivanSELL0322.46 
2023-08-15Josh GottheimerBUY0321.86 
2023-08-15Josh GottheimerSELL0321.86 
2023-08-07Michael GuestBUY0330.11 
2023-08-01Bradford L SmithSELL50000337.2
2023-07-18Josh GottheimerSELL0359.49 
2023-07-07Josh GottheimerSELL0337.22 
2023-06-22Shelley Moore CapitoSELL0339.71 
2023-06-21John R. CurtisSELL0333.56 
2023-06-20Tommy TubervilleSELL0338.05 
2023-06-15Nancy PelosiBUY0348.1 
2023-06-12Shelley Moore CapitoSELL0331.85 
2023-06-02Teri ListSELL1250334.77
2023-06-01Josh GottheimerBUY0332.58 
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Microsoft Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.5351.358+13%0.865+78%0.849+81%0.457+236%
Book Value Per Share--27.61825.349+9%21.269+30%18.152+52%14.069+96%
Current Ratio--1.7691.863-5%2.046-14%2.386-26%2.572-31%
Debt To Asset Ratio--0.4990.5010%0.537-7%0.574-13%0.576-13%
Debt To Equity Ratio--0.9981.003-1%1.160-14%1.385-28%1.443-31%
Dividend Per Share--0.6770.662+2%0.601+13%0.549+23%0.444+52%
Eps--2.6892.421+11%2.411+12%1.911+41%1.232+118%
Free Cash Flow Per Share--2.6551.990+33%2.161+23%1.741+53%1.301+104%
Free Cash Flow To Equity Per Share--1.1270.520+117%0.209+440%0.200+464%0.372+203%
Gross Profit Margin--0.6910.685+1%0.695-1%0.627+10%0.523+32%
Intrinsic Value_10Y_max--115.777--------
Intrinsic Value_10Y_min--69.454--------
Intrinsic Value_1Y_max--8.528--------
Intrinsic Value_1Y_min--5.538--------
Intrinsic Value_3Y_max--27.965--------
Intrinsic Value_3Y_min--17.969--------
Intrinsic Value_5Y_max--50.227--------
Intrinsic Value_5Y_min--31.763--------
Market Cap2330269926400.000-9%2542812180000.0002057528685000.000+24%2231189940000.000+14%1648902605500.000+54%1052240555125.000+142%
Net Profit Margin--0.3570.341+5%0.369-3%0.339+5%0.266+34%
Operating Margin--0.4320.418+3%0.427+1%0.402+7%0.356+21%
Operating Ratio--0.5680.582-2%0.579-2%0.601-5%0.655-13%
Pb Ratio11.356-9%12.33010.803+14%13.937-12%11.813+4%8.782+40%
Pe Ratio29.156-9%31.65728.290+12%30.841+3%28.057+13%22.082+43%
Price Per Share313.640-9%340.540275.390+24%295.845+15%217.508+57%137.293+148%
Price To Free Cash Flow Ratio29.530-9%32.06244.862-29%39.579-19%34.734-8%26.622+20%
Price To Total Gains Ratio141.801-9%153.963136.489+13%213.010-28%158.632-3%128.767+20%
Quick Ratio--2.2712.517-10%3.058-26%3.755-40%4.204-46%
Return On Assets--0.0490.048+2%0.053-7%0.045+9%0.034+43%
Return On Equity--0.0970.096+2%0.114-14%0.106-8%0.080+21%
Total Gains Per Share--2.2122.020+9%1.466+51%1.398+58%0.901+146%
Usd Book Value--206223000000.000189402000000.000+9%160363500000.000+29%137672350000.000+50%109048900000.000+89%
Usd Book Value Change Per Share--1.5351.358+13%0.865+78%0.849+81%0.457+236%
Usd Book Value Per Share--27.61825.349+9%21.269+30%18.152+52%14.069+96%
Usd Dividend Per Share--0.6770.662+2%0.601+13%0.549+23%0.444+52%
Usd Eps--2.6892.421+11%2.411+12%1.911+41%1.232+118%
Usd Free Cash Flow--19827000000.00014868750000.000+33%16287250000.000+22%13211800000.000+50%10060700000.000+97%
Usd Free Cash Flow Per Share--2.6551.990+33%2.161+23%1.741+53%1.301+104%
Usd Free Cash Flow To Equity Per Share--1.1270.520+117%0.209+440%0.200+464%0.372+203%
Usd Market Cap2330269926400.000-9%2542812180000.0002057528685000.000+24%2231189940000.000+14%1648902605500.000+54%1052240555125.000+142%
Usd Price Per Share313.640-9%340.540275.390+24%295.845+15%217.508+57%137.293+148%
Usd Profit--20081000000.00018090250000.000+11%18184500000.000+10%14494550000.000+39%9460725000.000+112%
Usd Revenue--56189000000.00052978750000.000+6%49567500000.000+13%42356550000.000+33%32829350000.000+71%
Usd Total Gains Per Share--2.2122.020+9%1.466+51%1.398+58%0.901+146%
 EOD+4 -4MRQTTM+31 -5YOY+27 -95Y+29 -710Y+30 -6

4.2. Fundamental Score

Let's check the fundamental score of Microsoft Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1529.156
Price to Book Ratio (EOD)Between0-111.356
Net Profit Margin (MRQ)Greater than00.357
Operating Margin (MRQ)Greater than00.432
Quick Ratio (MRQ)Greater than12.271
Current Ratio (MRQ)Greater than11.769
Debt to Asset Ratio (MRQ)Less than10.499
Debt to Equity Ratio (MRQ)Less than10.998
Return on Equity (MRQ)Greater than0.150.097
Return on Assets (MRQ)Greater than0.050.049
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of Microsoft Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.060
Ma 20Greater thanMa 50326.643
Ma 50Greater thanMa 100327.956
Ma 100Greater thanMa 200329.178
OpenGreater thanClose310.990
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets411,976,000
Total Liabilities205,753,000
Total Stockholder Equity206,223,000
 As reported
Total Liabilities 205,753,000
Total Stockholder Equity+ 206,223,000
Total Assets = 411,976,000

Assets

Total Assets411,976,000
Total Current Assets184,257,000
Long-term Assets184,257,000
Total Current Assets
Cash And Cash Equivalents 34,704,000
Short-term Investments 76,558,000
Net Receivables 48,688,000
Inventory 2,500,000
Other Current Assets 21,807,000
Total Current Assets  (as reported)184,257,000
Total Current Assets  (calculated)184,257,000
+/-0
Long-term Assets
Property Plant Equipment 109,987,000
Goodwill 67,886,000
Long Term Investments 9,879,000
Intangible Assets 9,366,000
Other Assets 30,601,000
Long-term Assets  (as reported)227,719,000
Long-term Assets  (calculated)227,719,000
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities104,149,000
Long-term Liabilities101,604,000
Total Stockholder Equity206,223,000
Total Current Liabilities
Short-term Debt 5,247,000
Short Long Term Debt 5,247,000
Accounts payable 18,095,000
Other Current Liabilities 29,906,000
Total Current Liabilities  (as reported)104,149,000
Total Current Liabilities  (calculated)58,495,000
+/- 45,654,000
Long-term Liabilities
Long term Debt Total 41,990,000
Long term Debt 41,990,000
Capital Lease Obligations Min Short Term Debt7,481,000
Long-term Liabilities Other 17,981,000
Long-term Liabilities  (as reported)101,604,000
Long-term Liabilities  (calculated)109,442,000
+/- 7,838,000
Total Stockholder Equity
Common Stock93,718,000
Retained Earnings 118,848,000
Accumulated Other Comprehensive Income -6,343,000
Capital Surplus 47,268,000
Other Stockholders Equity -6,343,000
Total Stockholder Equity (as reported)206,223,000
Total Stockholder Equity (calculated)247,148,000
+/- 40,925,000
Other
Capital Stock93,718,000
Cash And Equivalents34,704,000
Cash and Short Term Investments 111,262,000
Common Stock Shares Outstanding 7,467,000
Current Deferred Revenue50,901,000
Liabilities and Stockholders Equity 411,976,000
Net Debt 25,261,000
Net Invested Capital 253,460,000
Net Working Capital 80,108,000
Short Long Term Debt Total 59,965,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-311995-09-301995-06-301995-03-311994-12-311994-09-301994-06-301994-03-311993-12-311993-09-301993-06-301993-03-311992-12-311992-09-301992-06-301992-03-311991-12-311991-09-301991-06-301991-03-311990-12-311990-09-301990-06-301990-03-311989-12-311989-09-301989-06-301989-03-311988-12-311988-09-301988-06-301988-03-311987-12-311987-09-301987-06-301987-03-311986-12-311986-09-301986-06-301986-03-311985-12-311985-09-30
> Total Assets 
0
0
0
170,700
0
0
0
287,800
0
0
0
493,000
0
0
0
720,600
809,200
921,800
1,015,300
1,105,300
1,203,500
1,366,000
1,502,400
1,644,200
1,870,200
2,128,400
2,340,000
2,639,900
2,849,000
3,226,000
3,560,000
3,805,000
4,048,000
4,486,000
4,926,000
5,363,000
5,637,000
5,961,000
6,592,000
7,210,000
8,160,000
9,106,000
9,590,000
10,093,000
10,740,000
12,786,000
12,613,000
14,387,000
15,366,000
16,840,000
19,545,000
22,357,000
25,569,000
30,049,000
33,561,000
37,156,000
39,672,000
45,093,000
50,895,000
52,150,000
56,089,000
57,691,000
59,605,000
59,257,000
61,367,000
65,387,000
68,379,000
67,646,000
70,235,000
72,359,000
74,482,000
79,571,000
84,281,000
85,937,000
89,767,000
92,389,000
94,268,000
64,941,000
66,275,000
70,815,000
71,462,000
67,257,000
66,854,000
69,597,000
65,354,000
66,371,000
63,891,000
63,171,000
65,645,000
67,339,000
70,747,000
72,793,000
65,117,000
65,786,000
68,853,000
77,888,000
81,612,000
82,096,000
84,910,000
86,113,000
91,540,000
92,306,000
99,727,000
108,704,000
107,415,000
112,243,000
118,010,000
121,271,000
121,876,000
128,683,000
134,105,000
142,431,000
142,348,000
153,543,000
156,119,000
172,384,000
169,656,000
174,848,000
176,683,000
176,223,000
172,896,000
180,098,000
181,869,000
193,694,000
212,524,000
224,610,000
225,017,000
241,086,000
249,097,000
256,003,000
245,497,000
258,848,000
257,619,000
258,859,000
263,281,000
286,556,000
278,955,000
282,794,000
285,449,000
301,311,000
301,001,000
304,137,000
308,879,000
333,779,000
335,418,000
340,389,000
344,607,000
364,840,000
359,784,000
364,552,000
380,088,000
411,976,000
411,976,000380,088,000364,552,000359,784,000364,840,000344,607,000340,389,000335,418,000333,779,000308,879,000304,137,000301,001,000301,311,000285,449,000282,794,000278,955,000286,556,000263,281,000258,859,000257,619,000258,848,000245,497,000256,003,000249,097,000241,086,000225,017,000224,610,000212,524,000193,694,000181,869,000180,098,000172,896,000176,223,000176,683,000174,848,000169,656,000172,384,000156,119,000153,543,000142,348,000142,431,000134,105,000128,683,000121,876,000121,271,000118,010,000112,243,000107,415,000108,704,00099,727,00092,306,00091,540,00086,113,00084,910,00082,096,00081,612,00077,888,00068,853,00065,786,00065,117,00072,793,00070,747,00067,339,00065,645,00063,171,00063,891,00066,371,00065,354,00069,597,00066,854,00067,257,00071,462,00070,815,00066,275,00064,941,00094,268,00092,389,00089,767,00085,937,00084,281,00079,571,00074,482,00072,359,00070,235,00067,646,00068,379,00065,387,00061,367,00059,257,00059,605,00057,691,00056,089,00052,150,00050,895,00045,093,00039,672,00037,156,00033,561,00030,049,00025,569,00022,357,00019,545,00016,840,00015,366,00014,387,00012,613,00012,786,00010,740,00010,093,0009,590,0009,106,0008,160,0007,210,0006,592,0005,961,0005,637,0005,363,0004,926,0004,486,0004,048,0003,805,0003,560,0003,226,0002,849,0002,639,9002,340,0002,128,4001,870,2001,644,2001,502,4001,366,0001,203,5001,105,3001,015,300921,800809,200720,600000493,000000287,800000170,700000
   > Total Current Assets 
0
0
0
148,000
0
0
0
213,000
0
0
0
345,300
0
0
0
468,900
526,800
612,800
679,500
719,900
770,800
877,300
929,000
1,028,500
1,201,200
1,351,600
1,533,000
1,769,700
1,961,000
2,340,000
2,646,000
2,850,000
3,073,000
3,482,000
3,912,000
4,312,000
4,554,000
4,696,000
5,287,000
5,620,000
6,417,000
7,103,000
7,696,000
7,839,000
8,232,000
10,442,000
10,224,000
10,373,000
10,838,000
11,636,000
13,735,000
15,889,000
18,964,000
21,809,000
24,058,000
20,233,000
21,963,000
22,020,000
25,217,000
30,308,000
31,393,000
35,016,000
37,789,000
39,637,000
44,332,000
47,988,000
47,827,000
48,576,000
50,043,000
52,931,000
54,672,000
58,973,000
60,910,000
62,400,000
65,270,000
70,566,000
72,896,000
44,399,000
46,593,000
48,737,000
49,831,000
46,694,000
46,628,000
49,010,000
45,358,000
45,180,000
42,783,000
40,168,000
35,853,000
37,775,000
41,489,000
43,242,000
37,202,000
37,730,000
40,724,000
49,280,000
52,231,000
52,487,000
54,518,000
55,676,000
59,581,000
59,684,000
66,263,000
74,918,000
75,271,000
72,513,000
76,860,000
85,084,000
84,051,000
89,574,000
93,524,000
101,466,000
99,450,000
106,870,000
109,006,000
114,246,000
112,439,000
116,362,000
118,398,000
124,712,000
121,656,000
127,812,000
128,421,000
139,660,000
157,909,000
144,949,000
146,313,000
159,851,000
161,031,000
167,633,000
156,659,000
169,662,000
164,195,000
156,874,000
159,887,000
175,552,000
165,896,000
167,074,000
170,505,000
181,915,000
177,077,000
173,973,000
165,614,000
184,406,000
174,326,000
174,188,000
153,922,000
169,684,000
160,812,000
157,823,000
163,889,000
184,257,000
184,257,000163,889,000157,823,000160,812,000169,684,000153,922,000174,188,000174,326,000184,406,000165,614,000173,973,000177,077,000181,915,000170,505,000167,074,000165,896,000175,552,000159,887,000156,874,000164,195,000169,662,000156,659,000167,633,000161,031,000159,851,000146,313,000144,949,000157,909,000139,660,000128,421,000127,812,000121,656,000124,712,000118,398,000116,362,000112,439,000114,246,000109,006,000106,870,00099,450,000101,466,00093,524,00089,574,00084,051,00085,084,00076,860,00072,513,00075,271,00074,918,00066,263,00059,684,00059,581,00055,676,00054,518,00052,487,00052,231,00049,280,00040,724,00037,730,00037,202,00043,242,00041,489,00037,775,00035,853,00040,168,00042,783,00045,180,00045,358,00049,010,00046,628,00046,694,00049,831,00048,737,00046,593,00044,399,00072,896,00070,566,00065,270,00062,400,00060,910,00058,973,00054,672,00052,931,00050,043,00048,576,00047,827,00047,988,00044,332,00039,637,00037,789,00035,016,00031,393,00030,308,00025,217,00022,020,00021,963,00020,233,00024,058,00021,809,00018,964,00015,889,00013,735,00011,636,00010,838,00010,373,00010,224,00010,442,0008,232,0007,839,0007,696,0007,103,0006,417,0005,620,0005,287,0004,696,0004,554,0004,312,0003,912,0003,482,0003,073,0002,850,0002,646,0002,340,0001,961,0001,769,7001,533,0001,351,6001,201,2001,028,500929,000877,300770,800719,900679,500612,800526,800468,900000345,300000213,000000148,000000
       Cash And Cash Equivalents 
0
0
0
102,700
0
0
0
132,500
0
0
0
183,200
0
0
0
192,400
209,500
231,300
258,900
246,300
354,300
334,200
396,800
417,200
486,900
613,600
632,400
791,400
813,000
840,000
855,000
1,013,000
843,000
951,000
1,152,000
1,477,000
1,326,000
917,000
1,205,000
1,962,000
1,906,000
2,323,000
2,937,000
2,601,000
3,018,000
3,096,000
3,852,000
3,706,000
3,945,000
2,582,000
4,110,000
3,839,000
5,191,000
6,113,000
6,203,000
4,975,000
4,789,000
4,719,000
5,192,000
4,846,000
2,641,000
3,531,000
4,149,000
3,922,000
3,113,000
5,256,000
5,116,000
3,016,000
5,338,000
5,552,000
4,300,000
6,438,000
5,768,000
6,149,000
9,348,000
15,982,000
11,141,000
4,556,000
3,782,000
4,851,000
2,974,000
4,083,000
4,351,000
6,714,000
9,076,000
6,859,000
7,611,000
6,111,000
6,637,000
7,460,000
11,820,000
10,339,000
9,004,000
8,346,000
7,285,000
6,076,000
8,823,000
9,422,000
8,155,000
5,505,000
8,161,000
4,023,000
7,021,000
9,610,000
12,881,000
10,610,000
6,388,000
6,938,000
5,036,000
6,017,000
5,240,000
3,804,000
4,023,000
10,059,000
11,572,000
8,669,000
6,302,000
6,426,000
7,414,000
5,595,000
5,431,000
7,185,000
7,170,000
6,510,000
13,928,000
8,468,000
6,713,000
7,663,000
6,884,000
12,859,000
9,221,000
11,946,000
15,137,000
6,638,000
11,212,000
11,356,000
13,117,000
8,864,000
11,710,000
13,576,000
17,205,000
14,432,000
13,702,000
14,224,000
19,165,000
20,604,000
12,498,000
13,931,000
22,884,000
15,646,000
26,562,000
34,704,000
34,704,00026,562,00015,646,00022,884,00013,931,00012,498,00020,604,00019,165,00014,224,00013,702,00014,432,00017,205,00013,576,00011,710,0008,864,00013,117,00011,356,00011,212,0006,638,00015,137,00011,946,0009,221,00012,859,0006,884,0007,663,0006,713,0008,468,00013,928,0006,510,0007,170,0007,185,0005,431,0005,595,0007,414,0006,426,0006,302,0008,669,00011,572,00010,059,0004,023,0003,804,0005,240,0006,017,0005,036,0006,938,0006,388,00010,610,00012,881,0009,610,0007,021,0004,023,0008,161,0005,505,0008,155,0009,422,0008,823,0006,076,0007,285,0008,346,0009,004,00010,339,00011,820,0007,460,0006,637,0006,111,0007,611,0006,859,0009,076,0006,714,0004,351,0004,083,0002,974,0004,851,0003,782,0004,556,00011,141,00015,982,0009,348,0006,149,0005,768,0006,438,0004,300,0005,552,0005,338,0003,016,0005,116,0005,256,0003,113,0003,922,0004,149,0003,531,0002,641,0004,846,0005,192,0004,719,0004,789,0004,975,0006,203,0006,113,0005,191,0003,839,0004,110,0002,582,0003,945,0003,706,0003,852,0003,096,0003,018,0002,601,0002,937,0002,323,0001,906,0001,962,0001,205,000917,0001,326,0001,477,0001,152,000951,000843,0001,013,000855,000840,000813,000791,400632,400613,600486,900417,200396,800334,200354,300246,300258,900231,300209,500192,400000183,200000132,500000102,700000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,261,000
14,113,000
13,124,000
16,013,000
18,952,000
22,070,000
23,358,000
25,869,000
27,678,000
33,050,000
32,973,000
33,577,000
35,636,000
35,137,000
37,872,000
41,878,000
42,610,000
45,854,000
46,628,000
47,059,000
44,610,000
53,274,000
29,948,000
33,812,000
32,900,000
37,082,000
30,618,000
30,465,000
27,447,000
22,756,000
22,014,000
20,625,000
17,300,000
14,937,000
13,616,000
14,521,000
13,323,000
11,718,000
12,369,000
18,055,000
25,371,000
27,905,000
26,677,000
31,511,000
31,283,000
36,012,000
37,229,000
43,129,000
43,162,000
44,522,000
41,126,000
53,141,000
56,102,000
61,608,000
62,295,000
69,243,000
73,218,000
76,649,000
73,885,000
76,853,000
77,040,000
82,891,000
83,823,000
88,024,000
90,931,000
93,924,000
95,455,000
98,382,000
106,730,000
123,004,000
114,313,000
119,305,000
125,318,000
131,587,000
129,921,000
123,049,000
121,822,000
120,743,000
121,024,000
120,406,000
122,463,000
123,519,000
125,389,000
125,916,000
122,951,000
120,772,000
117,536,000
111,705,000
116,110,000
111,419,000
104,765,000
92,162,000
90,826,000
84,360,000
83,862,000
77,865,000
76,558,000
76,558,00077,865,00083,862,00084,360,00090,826,00092,162,000104,765,000111,419,000116,110,000111,705,000117,536,000120,772,000122,951,000125,916,000125,389,000123,519,000122,463,000120,406,000121,024,000120,743,000121,822,000123,049,000129,921,000131,587,000125,318,000119,305,000114,313,000123,004,000106,730,00098,382,00095,455,00093,924,00090,931,00088,024,00083,823,00082,891,00077,040,00076,853,00073,885,00076,649,00073,218,00069,243,00062,295,00061,608,00056,102,00053,141,00041,126,00044,522,00043,162,00043,129,00037,229,00036,012,00031,283,00031,511,00026,677,00027,905,00025,371,00018,055,00012,369,00011,718,00013,323,00014,521,00013,616,00014,937,00017,300,00020,625,00022,014,00022,756,00027,447,00030,465,00030,618,00037,082,00032,900,00033,812,00029,948,00053,274,00044,610,00047,059,00046,628,00045,854,00042,610,00041,878,00037,872,00035,137,00035,636,00033,577,00032,973,00033,050,00027,678,00025,869,00023,358,00022,070,00018,952,00016,013,00013,124,00014,113,00012,261,0000000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
34,500
0
0
0
55,100
0
0
0
93,600
0
0
0
111,200
130,300
165,600
151,300
181,000
177,600
227,400
223,300
243,300
237,700
259,200
262,700
823,700
994,000
1,280,000
439,000
338,000
364,000
460,000
522,000
475,000
527,000
591,000
580,000
581,000
1,052,000
771,000
681,000
639,000
855,000
975,000
866,000
980,000
788,000
1,081,000
1,055,000
1,460,000
1,153,000
2,029,000
1,689,000
2,245,000
2,207,000
3,284,000
2,902,000
3,250,000
3,172,000
4,143,000
3,532,000
3,671,000
3,615,000
5,095,000
4,230,000
5,129,000
4,450,000
4,894,000
4,075,000
5,196,000
4,533,000
5,608,000
4,937,000
5,890,000
5,106,000
6,646,000
5,610,000
7,180,000
5,799,000
7,758,000
6,818,000
9,316,000
6,879,000
9,895,000
8,454,000
11,338,000
8,982,000
11,621,000
9,871,000
13,589,000
9,535,000
10,953,000
9,182,000
11,192,000
8,587,000
11,196,000
9,137,000
13,014,000
9,646,000
12,874,000
10,033,000
14,987,000
10,153,000
13,643,000
10,961,000
15,780,000
9,871,000
14,317,000
11,991,000
17,486,000
11,007,000
15,986,000
13,497,000
19,544,000
12,887,000
16,186,000
12,427,000
17,908,000
11,444,000
14,507,000
12,247,000
18,277,000
11,129,000
14,343,000
12,882,000
19,792,000
14,561,000
18,428,000
17,208,000
26,481,000
17,390,000
19,680,000
19,269,000
29,524,000
19,087,000
23,525,000
22,699,000
32,011,000
22,851,000
27,312,000
26,322,000
38,043,000
27,349,000
33,520,000
32,613,000
44,261,000
31,279,000
35,833,000
37,420,000
48,688,000
48,688,00037,420,00035,833,00031,279,00044,261,00032,613,00033,520,00027,349,00038,043,00026,322,00027,312,00022,851,00032,011,00022,699,00023,525,00019,087,00029,524,00019,269,00019,680,00017,390,00026,481,00017,208,00018,428,00014,561,00019,792,00012,882,00014,343,00011,129,00018,277,00012,247,00014,507,00011,444,00017,908,00012,427,00016,186,00012,887,00019,544,00013,497,00015,986,00011,007,00017,486,00011,991,00014,317,0009,871,00015,780,00010,961,00013,643,00010,153,00014,987,00010,033,00012,874,0009,646,00013,014,0009,137,00011,196,0008,587,00011,192,0009,182,00010,953,0009,535,00013,589,0009,871,00011,621,0008,982,00011,338,0008,454,0009,895,0006,879,0009,316,0006,818,0007,758,0005,799,0007,180,0005,610,0006,646,0005,106,0005,890,0004,937,0005,608,0004,533,0005,196,0004,075,0004,894,0004,450,0005,129,0004,230,0005,095,0003,615,0003,671,0003,532,0004,143,0003,172,0003,250,0002,902,0003,284,0002,207,0002,245,0001,689,0002,029,0001,153,0001,460,0001,055,0001,081,000788,000980,000866,000975,000855,000639,000681,000771,0001,052,000581,000580,000591,000527,000475,000522,000460,000364,000338,000439,0001,280,000994,000823,700262,700259,200237,700243,300223,300227,400177,600181,000151,300165,600130,300111,20000093,60000055,10000034,500000
       Other Current Assets 
0
0
0
2,800
0
0
0
8,800
0
0
0
15,000
0
0
0
127,500
151,000
174,800
219,300
237,000
180,500
252,300
256,000
320,900
418,200
420,800
577,500
68,700
66,000
118,000
1,233,000
1,372,000
1,771,000
1,941,000
2,107,000
2,258,000
2,593,000
3,071,000
3,415,000
2,989,000
3,334,000
3,901,000
4,045,000
4,599,000
4,359,000
6,371,000
5,506,000
5,687,000
6,105,000
7,973,000
8,570,000
10,590,000
12,620,000
13,667,000
16,166,000
752,000
854,000
893,000
1,110,000
3,260,000
3,510,000
3,984,000
2,398,000
2,417,000
2,561,000
2,692,000
4,904,000
2,010,000
4,159,000
3,963,000
3,815,000
1,583,000
3,656,000
3,394,000
3,384,000
1,566,000
2,767,000
2,945,000
3,049,000
1,614,000
3,250,000
3,232,000
3,881,000
2,115,000
4,126,000
4,687,000
4,343,000
2,393,000
4,119,000
4,323,000
4,503,000
2,989,000
5,305,000
5,094,000
3,619,000
3,711,000
3,325,000
2,547,000
2,992,000
2,950,000
2,176,000
2,149,000
2,438,000
3,320,000
3,255,000
3,614,000
2,608,000
3,092,000
3,860,000
3,301,000
3,241,000
3,388,000
3,900,000
4,018,000
3,740,000
4,392,000
5,434,000
6,173,000
6,376,000
5,461,000
5,594,000
6,345,000
6,598,000
5,892,000
6,726,000
5,864,000
5,434,000
4,897,000
4,788,000
4,422,000
5,097,000
6,751,000
7,311,000
7,571,000
7,049,000
10,146,000
7,551,000
7,473,000
8,536,000
11,482,000
13,544,000
12,769,000
11,640,000
13,393,000
12,951,000
12,280,000
13,320,000
16,924,000
18,003,000
19,502,000
19,165,000
21,807,000
21,807,00019,165,00019,502,00018,003,00016,924,00013,320,00012,280,00012,951,00013,393,00011,640,00012,769,00013,544,00011,482,0008,536,0007,473,0007,551,00010,146,0007,049,0007,571,0007,311,0006,751,0005,097,0004,422,0004,788,0004,897,0005,434,0005,864,0006,726,0005,892,0006,598,0006,345,0005,594,0005,461,0006,376,0006,173,0005,434,0004,392,0003,740,0004,018,0003,900,0003,388,0003,241,0003,301,0003,860,0003,092,0002,608,0003,614,0003,255,0003,320,0002,438,0002,149,0002,176,0002,950,0002,992,0002,547,0003,325,0003,711,0003,619,0005,094,0005,305,0002,989,0004,503,0004,323,0004,119,0002,393,0004,343,0004,687,0004,126,0002,115,0003,881,0003,232,0003,250,0001,614,0003,049,0002,945,0002,767,0001,566,0003,384,0003,394,0003,656,0001,583,0003,815,0003,963,0004,159,0002,010,0004,904,0002,692,0002,561,0002,417,0002,398,0003,984,0003,510,0003,260,0001,110,000893,000854,000752,00016,166,00013,667,00012,620,00010,590,0008,570,0007,973,0006,105,0005,687,0005,506,0006,371,0004,359,0004,599,0004,045,0003,901,0003,334,0002,989,0003,415,0003,071,0002,593,0002,258,0002,107,0001,941,0001,771,0001,372,0001,233,000118,00066,00068,700577,500420,800418,200320,900256,000252,300180,500237,000219,300174,800151,000127,50000015,0000008,8000002,800000
   > Long-term Assets 
0
0
0
22,700
0
0
0
74,800
0
0
0
147,700
0
0
0
251,700
282,400
309,000
335,800
385,400
432,700
488,700
573,400
615,700
669,000
776,800
807,000
870,200
888,000
886,000
914,000
955,000
975,000
1,004,000
1,014,000
1,051,000
1,083,000
1,265,000
1,305,000
1,590,000
1,743,000
2,003,000
1,894,000
2,254,000
2,508,000
2,344,000
2,389,000
4,014,000
4,528,000
5,204,000
5,810,000
6,468,000
6,605,000
8,240,000
9,503,000
16,923,000
17,709,000
23,073,000
25,678,000
21,842,000
24,696,000
22,675,000
21,816,000
19,620,000
17,035,000
17,399,000
20,552,000
19,070,000
20,192,000
19,428,000
19,810,000
20,598,000
23,371,000
23,537,000
24,497,000
21,823,000
21,372,000
20,542,000
19,682,000
22,078,000
21,631,000
20,563,000
20,226,000
20,587,000
19,996,000
21,191,000
21,108,000
23,003,000
29,792,000
29,564,000
29,258,000
29,551,000
27,915,000
28,056,000
28,129,000
28,608,000
29,381,000
29,609,000
30,392,000
30,437,000
31,959,000
32,622,000
33,464,000
33,786,000
32,144,000
39,730,000
41,150,000
36,187,000
37,825,000
39,109,000
40,581,000
40,965,000
42,898,000
46,673,000
47,113,000
58,138,000
57,217,000
58,486,000
58,285,000
51,511,000
51,240,000
52,286,000
53,448,000
54,034,000
54,615,000
79,661,000
78,704,000
81,235,000
88,066,000
88,370,000
88,838,000
89,186,000
93,424,000
101,985,000
103,394,000
111,004,000
113,059,000
115,720,000
114,944,000
119,396,000
123,924,000
130,164,000
143,265,000
149,373,000
161,092,000
166,201,000
190,685,000
195,156,000
198,972,000
206,729,000
216,199,000
227,719,000
227,719,000216,199,000206,729,000198,972,000195,156,000190,685,000166,201,000161,092,000149,373,000143,265,000130,164,000123,924,000119,396,000114,944,000115,720,000113,059,000111,004,000103,394,000101,985,00093,424,00089,186,00088,838,00088,370,00088,066,00081,235,00078,704,00079,661,00054,615,00054,034,00053,448,00052,286,00051,240,00051,511,00058,285,00058,486,00057,217,00058,138,00047,113,00046,673,00042,898,00040,965,00040,581,00039,109,00037,825,00036,187,00041,150,00039,730,00032,144,00033,786,00033,464,00032,622,00031,959,00030,437,00030,392,00029,609,00029,381,00028,608,00028,129,00028,056,00027,915,00029,551,00029,258,00029,564,00029,792,00023,003,00021,108,00021,191,00019,996,00020,587,00020,226,00020,563,00021,631,00022,078,00019,682,00020,542,00021,372,00021,823,00024,497,00023,537,00023,371,00020,598,00019,810,00019,428,00020,192,00019,070,00020,552,00017,399,00017,035,00019,620,00021,816,00022,675,00024,696,00021,842,00025,678,00023,073,00017,709,00016,923,0009,503,0008,240,0006,605,0006,468,0005,810,0005,204,0004,528,0004,014,0002,389,0002,344,0002,508,0002,254,0001,894,0002,003,0001,743,0001,590,0001,305,0001,265,0001,083,0001,051,0001,014,0001,004,000975,000955,000914,000886,000888,000870,200807,000776,800669,000615,700573,400488,700432,700385,400335,800309,000282,400251,700000147,70000074,80000022,700000
       Property Plant Equipment 
0
0
0
19,500
0
0
0
70,000
0
0
0
130,100
0
0
0
198,800
232,100
257,200
281,800
325,400
376,800
433,100
479,600
530,200
587,700
695,400
728,800
766,600
786,000
798,000
824,000
867,000
891,000
913,000
918,000
930,000
936,000
977,000
1,027,000
1,192,000
1,265,000
1,297,000
1,281,000
1,326,000
1,304,000
1,322,000
1,371,000
1,465,000
1,484,000
1,478,000
1,416,000
1,505,000
1,466,000
1,495,000
1,445,000
1,611,000
1,657,000
1,739,000
1,835,000
1,903,000
1,973,000
2,098,000
2,159,000
2,309,000
2,261,000
2,240,000
2,182,000
2,268,000
2,268,000
2,257,000
2,208,000
2,223,000
2,193,000
2,178,000
2,258,000
2,326,000
2,317,000
2,336,000
2,321,000
2,346,000
2,351,000
2,452,000
2,543,000
3,044,000
3,193,000
3,686,000
3,923,000
4,350,000
4,615,000
4,965,000
5,516,000
6,242,000
6,552,000
6,996,000
7,112,000
7,535,000
7,512,000
7,402,000
7,372,000
7,630,000
7,771,000
7,799,000
7,969,000
8,162,000
8,033,000
8,010,000
8,225,000
8,269,000
8,329,000
8,698,000
9,204,000
9,991,000
10,774,000
11,567,000
11,771,000
13,011,000
13,229,000
13,607,000
14,375,000
14,731,000
15,046,000
15,789,000
16,831,000
18,356,000
19,224,000
21,379,000
21,962,000
23,734,000
31,653,000
33,053,000
34,788,000
36,146,000
38,164,000
39,523,000
40,769,000
43,856,000
46,299,000
48,961,000
49,669,000
52,904,000
56,974,000
62,035,000
65,618,000
70,803,000
75,347,000
79,568,000
83,214,000
87,546,000
90,384,000
96,379,000
102,011,000
109,987,000
109,987,000102,011,00096,379,00090,384,00087,546,00083,214,00079,568,00075,347,00070,803,00065,618,00062,035,00056,974,00052,904,00049,669,00048,961,00046,299,00043,856,00040,769,00039,523,00038,164,00036,146,00034,788,00033,053,00031,653,00023,734,00021,962,00021,379,00019,224,00018,356,00016,831,00015,789,00015,046,00014,731,00014,375,00013,607,00013,229,00013,011,00011,771,00011,567,00010,774,0009,991,0009,204,0008,698,0008,329,0008,269,0008,225,0008,010,0008,033,0008,162,0007,969,0007,799,0007,771,0007,630,0007,372,0007,402,0007,512,0007,535,0007,112,0006,996,0006,552,0006,242,0005,516,0004,965,0004,615,0004,350,0003,923,0003,686,0003,193,0003,044,0002,543,0002,452,0002,351,0002,346,0002,321,0002,336,0002,317,0002,326,0002,258,0002,178,0002,193,0002,223,0002,208,0002,257,0002,268,0002,268,0002,182,0002,240,0002,261,0002,309,0002,159,0002,098,0001,973,0001,903,0001,835,0001,739,0001,657,0001,611,0001,445,0001,495,0001,466,0001,505,0001,416,0001,478,0001,484,0001,465,0001,371,0001,322,0001,304,0001,326,0001,281,0001,297,0001,265,0001,192,0001,027,000977,000936,000930,000918,000913,000891,000867,000824,000798,000786,000766,600728,800695,400587,700530,200479,600433,100376,800325,400281,800257,200232,100198,800000130,10000070,00000019,500000
       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
1,511,000
1,433,000
1,426,000
2,855,000
2,757,000
2,782,000
3,128,000
3,128,000
3,110,000
3,110,000
3,115,000
3,115,000
3,105,000
3,111,000
3,309,000
3,504,000
3,553,000
3,609,000
3,866,000
4,153,000
4,189,000
4,217,000
4,760,000
10,151,000
10,309,000
10,346,000
12,108,000
12,291,000
12,490,000
12,554,000
12,503,000
12,582,000
12,368,000
12,463,000
12,394,000
12,471,000
12,502,000
12,554,000
12,581,000
12,537,000
19,670,000
19,698,000
13,452,000
14,466,000
14,727,000
14,682,000
14,655,000
14,667,000
14,680,000
14,751,000
20,127,000
20,081,000
21,855,000
21,728,000
16,939,000
17,142,000
17,436,000
17,948,000
17,872,000
17,907,000
34,524,000
34,668,000
35,122,000
35,389,000
35,355,000
35,582,000
35,683,000
35,855,000
41,577,000
41,861,000
42,026,000
42,113,000
42,248,000
42,064,000
43,351,000
43,890,000
44,219,000
49,698,000
49,711,000
50,455,000
50,921,000
67,371,000
67,524,000
67,459,000
67,905,000
67,940,000
67,886,000
67,886,00067,940,00067,905,00067,459,00067,524,00067,371,00050,921,00050,455,00049,711,00049,698,00044,219,00043,890,00043,351,00042,064,00042,248,00042,113,00042,026,00041,861,00041,577,00035,855,00035,683,00035,582,00035,355,00035,389,00035,122,00034,668,00034,524,00017,907,00017,872,00017,948,00017,436,00017,142,00016,939,00021,728,00021,855,00020,081,00020,127,00014,751,00014,680,00014,667,00014,655,00014,682,00014,727,00014,466,00013,452,00019,698,00019,670,00012,537,00012,581,00012,554,00012,502,00012,471,00012,394,00012,463,00012,368,00012,582,00012,503,00012,554,00012,490,00012,291,00012,108,00010,346,00010,309,00010,151,0004,760,0004,217,0004,189,0004,153,0003,866,0003,609,0003,553,0003,504,0003,309,0003,111,0003,105,0003,115,0003,115,0003,110,0003,110,0003,128,0003,128,0002,782,0002,757,0002,855,0001,426,0001,433,0001,511,00000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,006,000
6,976,000
7,797,000
7,754,000
9,211,000
10,022,000
10,748,000
10,865,000
8,576,000
7,550,000
9,068,000
9,776,000
10,038,000
10,707,000
11,193,000
10,844,000
11,995,000
14,607,000
14,792,000
14,597,000
13,943,000
12,665,000
12,019,000
12,053,000
11,438,000
11,514,000
11,315,000
10,431,000
10,486,000
8,912,000
7,381,000
6,023,000
5,343,000
3,961,000
2,818,000
1,862,000
2,034,000
2,274,000
2,403,000
2,649,000
2,684,000
2,755,000
2,660,000
2,965,000
3,103,000
3,794,000
5,395,000
5,984,000
6,393,000
6,994,000
6,907,000
6,891,000
6,839,000
7,097,000
9,415,000
9,879,000
9,879,0009,415,0007,097,0006,839,0006,891,0006,907,0006,994,0006,393,0005,984,0005,395,0003,794,0003,103,0002,965,0002,660,0002,755,0002,684,0002,649,0002,403,0002,274,0002,034,0001,862,0002,818,0003,961,0005,343,0006,023,0007,381,0008,912,00010,486,00010,431,00011,315,00011,514,00011,438,00012,053,00012,019,00012,665,00013,943,00014,597,00014,792,00014,607,00011,995,00010,844,00011,193,00010,707,00010,038,0009,776,0009,068,0007,550,0008,576,00010,865,00010,748,00010,022,0009,211,0007,754,0007,797,0006,976,0006,006,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
7,900
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,905,000
1,855,000
1,710,000
1,669,000
3,497,000
3,364,000
3,357,000
3,512,000
3,506,000
3,455,000
3,709,000
3,684,000
3,649,000
3,599,000
3,579,000
3,808,000
4,006,000
4,019,000
4,070,000
539,000
720,000
745,000
699,000
878,000
1,718,000
1,717,000
1,639,000
1,973,000
1,899,000
1,815,000
1,756,000
1,759,000
1,653,000
1,346,000
1,282,000
1,158,000
1,077,000
992,000
840,000
744,000
1,026,000
2,581,000
2,756,000
3,170,000
3,423,000
3,341,000
3,240,000
3,083,000
2,982,000
2,945,000
2,901,000
6,981,000
6,693,000
7,299,000
6,963,000
4,835,000
4,745,000
4,619,000
4,459,000
3,733,000
3,522,000
11,001,000
10,547,000
10,106,000
9,598,000
9,034,000
8,544,000
8,053,000
7,579,000
8,482,000
8,103,000
7,750,000
7,508,000
7,126,000
6,855,000
7,038,000
6,923,000
6,555,000
8,127,000
7,800,000
7,794,000
7,462,000
11,348,000
11,298,000
10,808,000
10,354,000
9,879,000
9,366,000
9,366,0009,879,00010,354,00010,808,00011,298,00011,348,0007,462,0007,794,0007,800,0008,127,0006,555,0006,923,0007,038,0006,855,0007,126,0007,508,0007,750,0008,103,0008,482,0007,579,0008,053,0008,544,0009,034,0009,598,00010,106,00010,547,00011,001,0003,522,0003,733,0004,459,0004,619,0004,745,0004,835,0006,963,0007,299,0006,693,0006,981,0002,901,0002,945,0002,982,0003,083,0003,240,0003,341,0003,423,0003,170,0002,756,0002,581,0001,026,000744,000840,000992,0001,077,0001,158,0001,282,0001,346,0001,653,0001,759,0001,756,0001,815,0001,899,0001,973,0001,639,0001,717,0001,718,000878,000699,000745,000720,000539,0004,070,0004,019,0004,006,0003,808,0003,579,0003,599,0003,649,0003,684,0003,709,0003,455,0003,506,0003,512,0003,357,0003,364,0003,497,0001,669,0001,710,0001,855,0001,905,00000000000000000000000000000000000000000000000000000007,90000000000000
       Other 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
23,843,000
19,939,000
22,723,000
20,577,000
19,657,000
17,311,000
14,774,000
15,159,000
18,370,000
16,802,000
18,003,000
17,171,000
17,602,000
18,375,000
21,178,000
21,359,000
22,239,000
19,497,000
19,055,000
18,206,000
17,361,000
19,732,000
19,280,000
18,111,000
17,683,000
17,543,000
16,803,000
17,505,000
17,185,000
18,653,000
25,177,000
24,599,000
23,742,000
23,309,000
21,363,000
21,060,000
21,017,000
21,073,000
21,869,000
22,207,000
23,020,000
22,807,000
24,188,000
24,823,000
25,495,000
25,624,000
24,111,000
31,720,000
32,925,000
27,918,000
29,496,000
30,411,000
31,377,000
30,974,000
32,124,000
35,106,000
35,342,000
45,127,000
43,988,000
44,879,000
43,910,000
36,780,000
36,194,000
36,497,000
36,617,000
35,678,000
35,391,000
58,282,000
56,742,000
57,501,000
56,413,000
55,317,000
54,050,000
7,442,000
9,792,000
10,129,000
10,258,000
14,723,000
14,455,000
14,630,000
13,696,000
13,138,000
13,034,000
13,561,000
14,427,000
15,075,000
21,103,000
21,256,000
21,845,000
21,897,000
23,482,000
-1,000
26,954,000
30,601,000
30,601,00026,954,000-1,00023,482,00021,897,00021,845,00021,256,00021,103,00015,075,00014,427,00013,561,00013,034,00013,138,00013,696,00014,630,00014,455,00014,723,00010,258,00010,129,0009,792,0007,442,00054,050,00055,317,00056,413,00057,501,00056,742,00058,282,00035,391,00035,678,00036,617,00036,497,00036,194,00036,780,00043,910,00044,879,00043,988,00045,127,00035,342,00035,106,00032,124,00030,974,00031,377,00030,411,00029,496,00027,918,00032,925,00031,720,00024,111,00025,624,00025,495,00024,823,00024,188,00022,807,00023,020,00022,207,00021,869,00021,073,00021,017,00021,060,00021,363,00023,309,00023,742,00024,599,00025,177,00018,653,00017,185,00017,505,00016,803,00017,543,00017,683,00018,111,00019,280,00019,732,00017,361,00018,206,00019,055,00019,497,00022,239,00021,359,00021,178,00018,375,00017,602,00017,171,00018,003,00016,802,00018,370,00015,159,00014,774,00017,311,00019,657,00020,577,00022,723,00019,939,00023,843,0000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
0
0
31,400
0
0
0
48,700
0
0
0
117,500
0
0
0
158,800
184,600
190,100
189,100
186,700
213,100
247,500
252,900
293,400
314,600
357,200
337,900
446,900
442,000
476,000
549,000
563,000
581,000
740,000
914,000
913,000
1,207,000
1,393,000
1,537,000
1,752,000
2,296,000
2,801,000
2,870,000
3,060,000
3,338,000
3,144,000
3,479,000
3,610,000
3,902,000
4,496,000
4,869,000
5,730,000
6,445,000
7,471,000
7,839,000
8,718,000
8,332,000
10,504,000
11,103,000
10,782,000
10,746,000
11,269,000
11,515,000
11,968,000
12,862,000
13,839,000
14,079,000
15,466,000
16,719,000
16,547,000
16,200,000
18,551,000
17,601,000
16,594,000
19,187,000
17,564,000
18,322,000
17,709,000
18,902,000
22,700,000
23,135,000
23,049,000
24,816,000
29,493,000
29,253,000
29,737,000
28,918,000
32,074,000
33,510,000
32,908,000
33,193,000
36,507,000
31,523,000
31,308,000
31,910,000
38,330,000
40,400,000
37,813,000
39,200,000
39,938,000
44,598,000
43,825,000
46,275,000
51,621,000
48,024,000
48,122,000
49,351,000
54,908,000
53,040,000
56,107,000
57,417,000
63,487,000
60,707,000
68,443,000
68,695,000
82,600,000
79,486,000
82,969,000
86,551,000
96,140,000
95,451,000
103,318,000
107,063,000
121,697,000
142,152,000
155,801,000
155,288,000
168,692,000
159,450,000
177,643,000
166,258,000
176,130,000
171,652,000
166,731,000
168,417,000
184,226,000
172,894,000
172,685,000
170,948,000
183,007,000
177,609,000
173,901,000
174,374,000
191,791,000
183,440,000
180,379,000
181,683,000
198,298,000
186,218,000
181,416,000
185,405,000
205,753,000
205,753,000185,405,000181,416,000186,218,000198,298,000181,683,000180,379,000183,440,000191,791,000174,374,000173,901,000177,609,000183,007,000170,948,000172,685,000172,894,000184,226,000168,417,000166,731,000171,652,000176,130,000166,258,000177,643,000159,450,000168,692,000155,288,000155,801,000142,152,000121,697,000107,063,000103,318,00095,451,00096,140,00086,551,00082,969,00079,486,00082,600,00068,695,00068,443,00060,707,00063,487,00057,417,00056,107,00053,040,00054,908,00049,351,00048,122,00048,024,00051,621,00046,275,00043,825,00044,598,00039,938,00039,200,00037,813,00040,400,00038,330,00031,910,00031,308,00031,523,00036,507,00033,193,00032,908,00033,510,00032,074,00028,918,00029,737,00029,253,00029,493,00024,816,00023,049,00023,135,00022,700,00018,902,00017,709,00018,322,00017,564,00019,187,00016,594,00017,601,00018,551,00016,200,00016,547,00016,719,00015,466,00014,079,00013,839,00012,862,00011,968,00011,515,00011,269,00010,746,00010,782,00011,103,00010,504,0008,332,0008,718,0007,839,0007,471,0006,445,0005,730,0004,869,0004,496,0003,902,0003,610,0003,479,0003,144,0003,338,0003,060,0002,870,0002,801,0002,296,0001,752,0001,537,0001,393,0001,207,000913,000914,000740,000581,000563,000549,000476,000442,000446,900337,900357,200314,600293,400252,900247,500213,100186,700189,100190,100184,600158,800000117,50000048,70000031,400000
   > Total Current Liabilities 
0
0
0
29,500
0
0
0
46,600
0
0
0
117,600
0
0
0
158,800
184,600
190,000
189,100
186,800
213,100
247,500
252,900
293,400
314,600
357,200
337,900
446,900
442,000
476,000
549,000
563,000
581,000
740,000
914,000
913,000
1,004,000
1,096,000
1,185,000
1,347,000
1,759,000
2,241,000
2,264,000
2,425,000
2,663,000
3,144,000
3,479,000
3,610,000
3,902,000
4,496,000
4,869,000
5,730,000
6,445,000
7,471,000
7,839,000
8,718,000
8,332,000
10,504,000
11,103,000
9,755,000
9,306,000
9,625,000
9,740,000
11,132,000
12,862,000
11,567,000
11,842,000
12,744,000
13,757,000
13,617,000
13,161,000
13,974,000
15,098,000
13,927,000
15,984,000
14,969,000
15,811,000
15,045,000
16,139,000
16,877,000
17,022,000
16,747,000
18,367,000
22,442,000
21,972,000
22,215,000
21,627,000
23,754,000
22,744,000
22,058,000
27,028,000
29,886,000
24,383,000
23,710,000
23,823,000
27,034,000
28,761,000
25,715,000
26,424,000
26,147,000
25,857,000
24,312,000
24,042,000
28,774,000
25,543,000
25,373,000
26,170,000
32,688,000
31,402,000
31,910,000
31,929,000
37,417,000
34,623,000
33,742,000
33,903,000
45,625,000
44,694,000
47,415,000
40,748,000
49,858,000
49,399,000
42,643,000
44,354,000
59,357,000
58,810,000
70,787,000
52,005,000
64,527,000
51,615,000
58,099,000
46,133,000
58,488,000
56,277,000
50,318,000
53,861,000
69,420,000
58,118,000
59,640,000
58,707,000
72,310,000
70,056,000
67,486,000
72,193,000
88,657,000
80,528,000
77,510,000
77,439,000
95,082,000
87,389,000
81,718,000
85,691,000
104,149,000
104,149,00085,691,00081,718,00087,389,00095,082,00077,439,00077,510,00080,528,00088,657,00072,193,00067,486,00070,056,00072,310,00058,707,00059,640,00058,118,00069,420,00053,861,00050,318,00056,277,00058,488,00046,133,00058,099,00051,615,00064,527,00052,005,00070,787,00058,810,00059,357,00044,354,00042,643,00049,399,00049,858,00040,748,00047,415,00044,694,00045,625,00033,903,00033,742,00034,623,00037,417,00031,929,00031,910,00031,402,00032,688,00026,170,00025,373,00025,543,00028,774,00024,042,00024,312,00025,857,00026,147,00026,424,00025,715,00028,761,00027,034,00023,823,00023,710,00024,383,00029,886,00027,028,00022,058,00022,744,00023,754,00021,627,00022,215,00021,972,00022,442,00018,367,00016,747,00017,022,00016,877,00016,139,00015,045,00015,811,00014,969,00015,984,00013,927,00015,098,00013,974,00013,161,00013,617,00013,757,00012,744,00011,842,00011,567,00012,862,00011,132,0009,740,0009,625,0009,306,0009,755,00011,103,00010,504,0008,332,0008,718,0007,839,0007,471,0006,445,0005,730,0004,869,0004,496,0003,902,0003,610,0003,479,0003,144,0002,663,0002,425,0002,264,0002,241,0001,759,0001,347,0001,185,0001,096,0001,004,000913,000914,000740,000581,000563,000549,000476,000442,000446,900337,900357,200314,600293,400252,900247,500213,100186,800189,100190,000184,600158,800000117,60000046,60000029,500000
       Short-term Debt 
0
0
0
0
0
0
0
5,100
0
0
0
20,300
0
0
0
25,400
27,500
9,500
6,600
6,500
10,000
17,600
20,600
19,500
19,300
18,400
11,700
8,300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
742,000
586,000
899,000
0
1,145,000
0
0
0
1,416,000
0
0
0
1,339,000
0
0
0
1,662,000
0
0
0
3,495,000
0
0
0
2,325,000
0
0
0
8,796,000
1,975,000
2,000,000
1,999,000
2,000,000
2,250,000
2,249,000
2,249,000
1,000,000
1,000,000
5,196,000
5,001,000
5,363,000
4,234,000
4,447,000
5,440,000
1,231,000
2,236,000
2,241,000
2,246,000
2,999,000
3,300,000
2,300,000
2,000,000
2,000,000
5,248,000
10,048,000
4,224,000
7,484,000
10,748,000
3,750,000
5,498,000
12,904,000
14,536,000
25,664,000
7,786,000
10,121,000
9,220,000
15,912,000
3,677,000
3,998,000
6,497,000
3,516,000
6,515,000
5,516,000
3,017,000
6,247,000
3,748,000
3,749,000
6,497,000
5,387,000
8,051,000
8,072,000
3,249,000
4,998,000
1,749,000
2,749,000
3,248,000
3,997,000
6,245,000
5,247,000
5,247,0006,245,0003,997,0003,248,0002,749,0001,749,0004,998,0003,249,0008,072,0008,051,0005,387,0006,497,0003,749,0003,748,0006,247,0003,017,0005,516,0006,515,0003,516,0006,497,0003,998,0003,677,00015,912,0009,220,00010,121,0007,786,00025,664,00014,536,00012,904,0005,498,0003,750,00010,748,0007,484,0004,224,00010,048,0005,248,0002,000,0002,000,0002,300,0003,300,0002,999,0002,246,0002,241,0002,236,0001,231,0005,440,0004,447,0004,234,0005,363,0005,001,0005,196,0001,000,0001,000,0002,249,0002,249,0002,250,0002,000,0001,999,0002,000,0001,975,0008,796,0000002,325,0000003,495,0000001,662,0000001,339,0000001,416,0000001,145,0000899,000586,000742,000000000000000000000000000000000000008,30011,70018,40019,30019,50020,60017,60010,0006,5006,6009,50027,50025,40000020,3000005,1000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,203,000
0
0
0
2,499,000
0
0
0
54,541,000
14,536,000
25,664,000
7,786,000
2,472,000
2,302,000
4,789,000
4,829,000
5,397,000
6,497,000
3,516,000
6,515,000
5,516,000
3,017,000
6,247,000
3,748,000
3,749,000
6,497,000
5,387,000
8,051,000
8,072,000
3,249,000
4,998,000
1,749,000
2,749,000
3,248,000
3,997,000
6,245,000
5,247,000
5,247,0006,245,0003,997,0003,248,0002,749,0001,749,0004,998,0003,249,0008,072,0008,051,0005,387,0006,497,0003,749,0003,748,0006,247,0003,017,0005,516,0006,515,0003,516,0006,497,0005,397,0004,829,0004,789,0002,302,0002,472,0007,786,00025,664,00014,536,00054,541,0000002,499,00000023,203,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,000
52,400
59,200
65,800
51,000
66,500
94,200
89,200
85,900
103,600
137,900
149,500
187,500
176,000
214,000
261,000
239,000
214,000
242,000
296,000
324,000
354,000
431,000
524,000
563,000
621,000
651,000
652,000
808,000
887,000
848,000
864,000
721,000
761,000
867,000
908,000
759,000
845,000
989,000
1,016,000
874,000
997,000
1,233,000
1,073,000
1,083,000
1,101,000
1,262,000
1,246,000
1,188,000
1,143,000
1,229,000
1,136,000
1,208,000
1,189,000
1,342,000
1,310,000
1,573,000
1,341,000
1,360,000
1,412,000
1,717,000
1,439,000
1,573,000
1,636,000
2,086,000
1,852,000
2,477,000
2,354,000
2,909,000
2,406,000
2,944,000
2,843,000
3,247,000
3,206,000
3,612,000
3,600,000
4,034,000
3,351,000
3,533,000
3,017,000
3,324,000
3,287,000
3,171,000
3,279,000
4,025,000
3,654,000
3,863,000
3,829,000
4,197,000
3,719,000
3,884,000
3,790,000
4,175,000
3,631,000
4,356,000
4,532,000
4,828,000
4,841,000
5,398,000
4,583,000
7,432,000
6,769,000
6,932,000
6,690,000
6,591,000
6,630,000
6,936,000
6,759,000
6,898,000
6,296,000
6,580,000
6,217,000
7,390,000
6,866,000
7,850,000
7,623,000
8,617,000
8,511,000
7,563,000
7,544,000
9,382,000
8,574,000
8,811,000
9,246,000
12,530,000
12,509,000
12,770,000
13,412,000
15,163,000
14,832,000
15,314,000
16,085,000
19,000,000
16,609,000
15,354,000
15,305,000
18,095,000
18,095,00015,305,00015,354,00016,609,00019,000,00016,085,00015,314,00014,832,00015,163,00013,412,00012,770,00012,509,00012,530,0009,246,0008,811,0008,574,0009,382,0007,544,0007,563,0008,511,0008,617,0007,623,0007,850,0006,866,0007,390,0006,217,0006,580,0006,296,0006,898,0006,759,0006,936,0006,630,0006,591,0006,690,0006,932,0006,769,0007,432,0004,583,0005,398,0004,841,0004,828,0004,532,0004,356,0003,631,0004,175,0003,790,0003,884,0003,719,0004,197,0003,829,0003,863,0003,654,0004,025,0003,279,0003,171,0003,287,0003,324,0003,017,0003,533,0003,351,0004,034,0003,600,0003,612,0003,206,0003,247,0002,843,0002,944,0002,406,0002,909,0002,354,0002,477,0001,852,0002,086,0001,636,0001,573,0001,439,0001,717,0001,412,0001,360,0001,341,0001,573,0001,310,0001,342,0001,189,0001,208,0001,136,0001,229,0001,143,0001,188,0001,246,0001,262,0001,101,0001,083,0001,073,0001,233,000997,000874,0001,016,000989,000845,000759,000908,000867,000761,000721,000864,000848,000887,000808,000652,000651,000621,000563,000524,000431,000354,000324,000296,000242,000214,000239,000261,000214,000176,000187,500149,500137,900103,60085,90089,20094,20066,50051,00065,80059,20052,40042,000000000000000000
       Other Current Liabilities 
0
0
0
29,500
0
0
0
41,500
0
0
0
97,300
0
0
0
91,400
104,700
121,300
116,700
129,300
136,600
135,700
143,100
188,000
191,700
200,900
176,700
251,100
266,000
262,000
288,000
324,000
367,000
498,000
618,000
589,000
650,000
665,000
661,000
784,000
1,138,000
1,590,000
1,612,000
1,617,000
1,776,000
2,296,000
2,615,000
2,889,000
3,141,000
3,629,000
3,961,000
4,971,000
5,600,000
6,482,000
6,823,000
7,844,000
7,335,000
9,271,000
10,030,000
8,672,000
8,205,000
8,363,000
8,494,000
3,588,000
5,284,000
4,139,000
5,138,000
4,471,000
5,727,000
5,465,000
5,053,000
3,760,000
7,137,000
6,338,000
8,623,000
5,399,000
8,223,000
7,205,000
8,228,000
5,627,000
8,022,000
7,152,000
8,798,000
6,900,000
11,256,000
9,248,000
10,233,000
7,403,000
9,751,000
8,225,000
13,043,000
3,659,000
7,242,000
6,645,000
7,883,000
8,707,000
9,657,000
8,934,000
9,725,000
7,470,000
8,436,000
3,190,000
3,325,000
3,492,000
3,245,000
3,057,000
3,011,000
8,629,000
7,240,000
6,959,000
8,640,000
8,951,000
7,897,000
8,428,000
9,650,000
13,043,000
11,964,000
11,243,000
11,602,000
12,560,000
10,418,000
11,028,000
11,221,000
12,087,000
11,674,000
12,458,000
11,484,000
12,914,000
12,751,000
13,028,000
13,463,000
16,968,000
14,565,000
14,954,000
15,551,000
21,846,000
16,623,000
17,239,000
18,701,000
20,031,000
17,574,000
18,927,000
20,647,000
23,897,000
23,982,000
23,197,000
25,578,000
27,795,000
26,192,000
25,385,000
27,238,000
29,906,000
29,906,00027,238,00025,385,00026,192,00027,795,00025,578,00023,197,00023,982,00023,897,00020,647,00018,927,00017,574,00020,031,00018,701,00017,239,00016,623,00021,846,00015,551,00014,954,00014,565,00016,968,00013,463,00013,028,00012,751,00012,914,00011,484,00012,458,00011,674,00012,087,00011,221,00011,028,00010,418,00012,560,00011,602,00011,243,00011,964,00013,043,0009,650,0008,428,0007,897,0008,951,0008,640,0006,959,0007,240,0008,629,0003,011,0003,057,0003,245,0003,492,0003,325,0003,190,0008,436,0007,470,0009,725,0008,934,0009,657,0008,707,0007,883,0006,645,0007,242,0003,659,00013,043,0008,225,0009,751,0007,403,00010,233,0009,248,00011,256,0006,900,0008,798,0007,152,0008,022,0005,627,0008,228,0007,205,0008,223,0005,399,0008,623,0006,338,0007,137,0003,760,0005,053,0005,465,0005,727,0004,471,0005,138,0004,139,0005,284,0003,588,0008,494,0008,363,0008,205,0008,672,00010,030,0009,271,0007,335,0007,844,0006,823,0006,482,0005,600,0004,971,0003,961,0003,629,0003,141,0002,889,0002,615,0002,296,0001,776,0001,617,0001,612,0001,590,0001,138,000784,000661,000665,000650,000589,000618,000498,000367,000324,000288,000262,000266,000251,100176,700200,900191,700188,000143,100135,700136,600129,300116,700121,300104,70091,40000097,30000041,50000029,500000
   > Long-term Liabilities 
0
0
0
1,900
0
0
0
2,100
0
0
0
-100
0
0
0
0
0
100
0
-100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
203,000
297,000
352,000
405,000
537,000
560,000
606,000
635,000
675,000
0
0
0
0
0
0
0
0
0
0
1,385,000
0
0
0
1,027,000
1,440,000
1,644,000
1,775,000
836,000
836,000
2,272,000
2,237,000
2,722,000
2,962,000
2,930,000
3,039,000
4,577,000
2,503,000
2,667,000
3,203,000
2,595,000
2,511,000
2,664,000
2,763,000
5,823,000
6,113,000
6,302,000
6,449,000
7,051,000
7,281,000
7,522,000
7,291,000
8,320,000
10,766,000
10,850,000
6,165,000
6,621,000
7,140,000
7,598,000
8,087,000
11,296,000
11,639,000
12,098,000
12,776,000
13,791,000
18,741,000
19,513,000
22,233,000
22,847,000
22,481,000
22,749,000
23,181,000
22,220,000
21,638,000
24,197,000
25,488,000
26,070,000
26,084,000
34,701,000
34,792,000
36,975,000
34,792,000
35,554,000
45,803,000
46,282,000
46,052,000
60,675,000
62,709,000
62,340,000
83,342,000
85,014,000
103,283,000
104,165,000
107,835,000
119,544,000
120,125,000
117,642,000
115,375,000
116,413,000
114,556,000
114,806,000
114,776,000
113,045,000
112,241,000
110,697,000
107,553,000
106,415,000
102,181,000
103,134,000
102,912,000
102,869,000
104,244,000
103,216,000
98,829,000
99,698,000
99,714,000
101,604,000
101,604,00099,714,00099,698,00098,829,000103,216,000104,244,000102,869,000102,912,000103,134,000102,181,000106,415,000107,553,000110,697,000112,241,000113,045,000114,776,000114,806,000114,556,000116,413,000115,375,000117,642,000120,125,000119,544,000107,835,000104,165,000103,283,00085,014,00083,342,00062,340,00062,709,00060,675,00046,052,00046,282,00045,803,00035,554,00034,792,00036,975,00034,792,00034,701,00026,084,00026,070,00025,488,00024,197,00021,638,00022,220,00023,181,00022,749,00022,481,00022,847,00022,233,00019,513,00018,741,00013,791,00012,776,00012,098,00011,639,00011,296,0008,087,0007,598,0007,140,0006,621,0006,165,00010,850,00010,766,0008,320,0007,291,0007,522,0007,281,0007,051,0006,449,0006,302,0006,113,0005,823,0002,763,0002,664,0002,511,0002,595,0003,203,0002,667,0002,503,0004,577,0003,039,0002,930,0002,962,0002,722,0002,237,0002,272,000836,000836,0001,775,0001,644,0001,440,0001,027,0000001,385,0000000000000675,000635,000606,000560,000537,000405,000352,000297,000203,0000000000000000000-100010000000-1000002,1000001,900000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
3,746,000
3,746,000
3,746,000
4,939,000
9,665,000
9,671,000
11,915,000
11,921,000
11,927,000
11,932,000
11,938,000
10,713,000
9,714,000
11,947,000
11,949,000
12,601,000
12,632,000
20,676,000
20,679,000
20,645,000
18,472,000
18,260,000
27,644,000
27,808,000
27,819,000
40,679,000
40,896,000
40,783,000
60,154,000
59,306,000
76,222,000
76,073,000
76,255,000
73,348,000
73,480,000
72,242,000
69,733,000
69,653,000
66,585,000
66,662,000
66,478,000
63,361,000
62,862,000
59,578,000
57,055,000
55,136,000
50,007,000
50,074,000
50,039,000
48,260,000
48,177,000
47,032,000
45,374,000
44,119,000
41,965,000
41,990,000
41,990,00041,965,00044,119,00045,374,00047,032,00048,177,00048,260,00050,039,00050,074,00050,007,00055,136,00057,055,00059,578,00062,862,00063,361,00066,478,00066,662,00066,585,00069,653,00069,733,00072,242,00073,480,00073,348,00076,255,00076,073,00076,222,00059,306,00060,154,00040,783,00040,896,00040,679,00027,819,00027,808,00027,644,00018,260,00018,472,00020,645,00020,679,00020,676,00012,632,00012,601,00011,949,00011,947,0009,714,00010,713,00011,938,00011,932,00011,927,00011,921,00011,915,0009,671,0009,665,0004,939,0003,746,0003,746,0003,746,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other 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
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
0
0
0
0
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0
0
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0
2,272,000
2,178,000
2,324,000
2,810,000
2,930,000
2,670,000
2,846,000
2,503,000
2,667,000
3,203,000
2,595,000
2,511,000
2,664,000
2,763,000
5,823,000
6,113,000
6,302,000
6,449,000
7,051,000
7,281,000
7,522,000
7,291,000
8,320,000
10,766,000
10,850,000
6,165,000
6,620,000
7,140,000
7,598,000
8,087,000
7,540,000
7,738,000
7,975,000
8,202,000
8,623,000
8,536,000
9,016,000
9,133,000
9,470,000
9,514,000
9,735,000
9,787,000
9,614,000
9,715,000
9,856,000
11,115,000
11,760,000
11,216,000
11,648,000
11,795,000
13,602,000
13,606,000
14,474,000
15,240,000
15,639,000
16,064,000
17,802,000
19,139,000
19,320,000
20,624,000
23,075,000
24,896,000
25,161,000
17,172,000
33,624,000
34,327,000
35,707,000
35,519,000
36,112,000
36,471,000
35,699,000
34,178,000
34,225,000
33,991,000
34,492,000
33,174,000
42,404,000
31,601,000
30,004,000
42,823,000
43,835,000
31,159,000
44,695,000
28,220,000
0
0
0
00028,220,00044,695,00031,159,00043,835,00042,823,00030,004,00031,601,00042,404,00033,174,00034,492,00033,991,00034,225,00034,178,00035,699,00036,471,00036,112,00035,519,00035,707,00034,327,00033,624,00017,172,00025,161,00024,896,00023,075,00020,624,00019,320,00019,139,00017,802,00016,064,00015,639,00015,240,00014,474,00013,606,00013,602,00011,795,00011,648,00011,216,00011,760,00011,115,0009,856,0009,715,0009,614,0009,787,0009,735,0009,514,0009,470,0009,133,0009,016,0008,536,0008,623,0008,202,0007,975,0007,738,0007,540,0008,087,0007,598,0007,140,0006,620,0006,165,00010,850,00010,766,0008,320,0007,291,0007,522,0007,281,0007,051,0006,449,0006,302,0006,113,0005,823,0002,763,0002,664,0002,511,0002,595,0003,203,0002,667,0002,503,0002,846,0002,670,0002,930,0002,810,0002,324,0002,178,0002,272,00000000000000000000000000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
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