Meritage Corporation
Buy, Hold or Sell?

Let's analyse Meritage Corporation together

Penke I guess you are interested in Meritage 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 Meritage 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.

Get notifications about Meritage Corporation

I send you an email if I find something interesting about Meritage Corporation.

Quick analysis of Meritage Corporation (30 sec.)

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

How much money do you get?

$1.07

When do you have the money?

1 year

How often do you get paid?

15.0%

What is your share worth?

Current worth

$124.82

Expected worth in 1 year

$142.93

How sure are you?

100.0%

+ What do you gain per year?

Total Gains per Share

$19.17

Return On Investment

12.7%

For what price can you sell your share?

Current Price per Share

$150.43

Expected price per share

$144.39 - $175.75

How sure are you?

50%

1. Valuation of Meritage Corporation (5 min.)

Live pricePrice per Share (EOD)

$150.43

Book Value per Share

$124.82

Intrinsic Value Per Share

$-302.29 - $12.65

Total Value Per Share

$-177.46 - $137.48

My calculation of the intrinsic value of Meritage Corporation 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: ($0.75) 3Y: ($1.18) TTM: ($2.13)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.04) 3Y: ($-0.58) TTM: ($-4.59)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-2.66	$4.21	$-6.29 - $4.04
2	$-13.64	$7.67	$-15.59 - $3.38
3	$-31.97	$10.42	$-24.90 - $2.71
4	$-56.81	$12.49	$-34.20 - $2.05
5	$-87.34	$13.91	$-43.50 - $1.39
6	$-122.85	$14.74	$-52.81 - $0.72
7	$-162.68	$14.99	$-62.11 - $0.06
8	$-206.22	$14.71	$-71.42 - $-0.61
9	$-252.92	$13.92	$-80.72 - $-1.27
10	$-302.29	$12.65	$-90.02 - $-1.93

2. Growth of Meritage Corporation (5 min.)

Is Meritage Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$4.6b	$3.5b	$784m	18.1%

How much money is Meritage Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	$184.6m	$248m	-$63.3m	-34.3%
Net Profit Margin	11.9%	16.0%	-	-

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

Quarterly Yearly

3. Financial Health of Meritage Corporation (5 min.)

4. Comparing to competitors in the Residential Construction industry (5 min.)

Industry Rankings (Residential Construction)

Richest
#9 / 70

Most Revenue
#15 / 70

Most Profit
#14 / 70

Most Efficient
#19 / 70

What can you expect buying and holding a share of Meritage Corporation? (5 min.)

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

What can you expect buying and holding a share of Meritage Corporation?

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

Speculation

The Price per Share of Meritage Corporation is $150.43. 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 Meritage Corporation.
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 Meritage Corporation, 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 $124.82. Based on the TTM, the Book Value Change Per Share is $4.53 per quarter. Based on the YOY, the Book Value Change Per Share is $6.65 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 $0.27 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Meritage Corporation.

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	5.38	3.6%	4.98	3.3%	6.69	4.4%	4.17	2.8%	2.56	1.7%
Usd Book Value Change Per Share	5.59	3.7%	4.53	3.0%	6.65	4.4%	4.07	2.7%	2.58	1.7%
Usd Dividend Per Share	0.27	0.2%	0.27	0.2%	0.13	0.1%	0.08	0.1%	0.04	0.0%
Usd Total Gains Per Share	5.85	3.9%	4.79	3.2%	6.78	4.5%	4.15	2.8%	2.62	1.7%
Usd Price Per Share	174.20	-	138.91	-	78.55	-	90.41	-	65.35	-
Price to Earnings Ratio	8.09	-	7.14	-	2.96	-	6.62	-	9.47	-
Price-to-Total Gains Ratio	29.75	-	29.83	-	12.36	-	26.06	-	35.09	-
Price to Book Ratio	1.40	-	1.18	-	0.82	-	1.19	-	1.23	-
Price-to-Total Gains Ratio	29.75	-	29.83	-	12.36	-	26.06	-	35.09	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	150.43
Number of shares	6

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.27	0.08
Usd Book Value Change Per Share	4.53	4.07
Usd Total Gains Per Share	4.79	4.15
Gains per Quarter (6 shares)	28.76	24.88
Gains per Year (6 shares)	115.02	99.54

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	6	109	105	2	98	90
2	13	217	220	4	195	190
3	19	326	335	6	293	290
4	26	435	450	8	390	390
5	32	543	565	10	488	490
6	38	652	680	12	586	590
7	45	760	795	13	683	690
8	51	869	910	15	781	790
9	58	978	1025	17	879	890
10	64	1086	1140	19	976	990

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%	107.0	26.0	0.0	80.5%
Book Value Change 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%	106.0	26.0	1.0	79.7%
Dividend per Share	4.0	0.0	0.0	100.0%	6.0	0.0	6.0	50.0%	6.0	0.0	14.0	30.0%	6.0	0.0	34.0	15.0%	19.0	0.0	114.0	14.3%
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%	40.0	0.0	0.0	100.0%	108.0	25.0	0.0	81.2%

Fundamentals of Meritage Corporation

About Meritage Corporation

https://www.meritagehomes.com
Residential Construction
1838
18655 North Claret Drive, Scottsdale, AZ, United States, 85255
Google Maps Bing Maps

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Fundamental data was last updated by Penke on 2024-04-04 19:57:05.

Financial Health

Profitability Details

	Compared to previous year	Compared 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 inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

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

Valuation

Valuation Details

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

1.1. Profitability of Meritage Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Meritage Corporation to the Residential Construction industry mean.
A Net Profit Margin of 12.0% means that $0.12 for each $1 in revenue is generated as profit.

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

The MRQ is 12.0%. The company is making a huge profit. +2
The TTM is 11.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	12.0%	TTM	11.9%	+0.0%
TTM	11.9%	YOY	16.0%	-4.1%
TTM	11.9%	5Y	11.6%	+0.4%
5Y	11.6%	10Y	8.5%	+3.1%

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	12.0%	9.1%	+2.9%
TTM	11.9%	9.2%	+2.7%
YOY	16.0%	9.9%	+6.1%
5Y	11.6%	9.0%	+2.6%
10Y	8.5%	7.9%	+0.6%

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

Revenue is the amount of profit Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation to the Residential Construction industry mean.
Can be used to compare companies within the Residential Construction industry.

You typically want a high profit margin. This means that for each $1 in sales, Meritage Corporation makes more profit. This shows the investor how efficiently Meritage Corporation is operating in general and compared to other companies in the same industry. Meritage Corporation operates in the Residential Construction industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Meritage Corporation. If profit margins remain low (compared to the Residential Construction 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 Meritage Corporation is 0.12. This means that Meritage Corporation earned $0.12 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 Residential Construction industry is 9.1%.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation with other companies in the same industry (Residential Construction).
Net profit margin should rise over the years.
Can be influenced when Meritage Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of Meritage Corporation 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 Meritage Corporation

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 Meritage Corporation = 198,851
Total revenue MRQ Meritage Corporation = 1,662,823
$198,851 / $1,662,823 = 0.12 or 12.0%

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 Meritage Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare Meritage Corporation to the Residential Construction industry mean.
3.1% Return on Assets means that Meritage Corporation generated $0.03 profit for each $1 in assets.

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

The MRQ is 3.1%. Using its assets, the company is less efficient in making profit.
The TTM is 3.0%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.1%	TTM	3.0%	+0.1%
TTM	3.0%	YOY	4.6%	-1.6%
TTM	3.0%	5Y	3.3%	-0.3%
5Y	3.3%	10Y	2.3%	+0.9%

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	3.1%	2.6%	+0.5%
TTM	3.0%	2.9%	+0.1%
YOY	4.6%	3.3%	+1.3%
5Y	3.3%	3.1%	+0.2%
10Y	2.3%	2.2%	+0.1%

Shows how efficient Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Meritage Corporation is using its resources to generate profit. If the return on assets (3.1%) from Meritage Corporation are higher than the Residential Construction mean (2.6%) that means Meritage Corporation 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 Meritage Corporation is 3.1%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Residential Construction industry is 2.6%.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from Meritage Corporation = 198,851
Total assets MRQ (balance sheet) from Meritage Corporation = 6,353,134
198,851 / 6,353,134 = 0.03 or 3.1%

ROA is an important ratio as it will tell you how effectively Meritage Corporation 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 Meritage Corporation is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Meritage Corporation to the Residential Construction industry mean.
4.3% Return on Equity means Meritage Corporation generated $0.04 for each $1 the owners (shareholders) invested.

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

The MRQ is 4.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.3%	TTM	4.2%	+0.1%
TTM	4.2%	YOY	7.0%	-2.8%
TTM	4.2%	5Y	5.2%	-1.0%
5Y	5.2%	10Y	4.1%	+1.2%

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	4.3%	4.5%	-0.2%
TTM	4.2%	5.0%	-0.8%
YOY	7.0%	7.2%	-0.2%
5Y	5.2%	5.7%	-0.5%
10Y	4.1%	5.1%	-1.0%

Shows how efficient Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Residential Construction 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 Meritage Corporation is 4.3%. This means Meritage Corporation generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Residential Construction industry is 4.5%.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation up to 10 years back (depending if Meritage Corporation 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 Meritage Corporation

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Meritage Corporation = 198,851
Shareholders equity (balance sheet) MRQ Meritage Corporation = 4,611,900
198,851 / 4,611,900 = 0.04 or 4.3%

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 Meritage Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Meritage Corporation is operating .

Measures how much profit Meritage Corporation 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 Meritage Corporation to the Residential Construction industry mean.
An Operating Margin of 15.6% means the company generated $0.16 for each $1 in revenue (before taxes).

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

The MRQ is 15.6%. The company is operating efficient. +1
The TTM is 15.3%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	15.6%	TTM	15.3%	+0.2%
TTM	15.3%	YOY	20.8%	-5.5%
TTM	15.3%	5Y	15.0%	+0.4%
5Y	15.0%	10Y	11.5%	+3.5%

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	15.6%	12.4%	+3.2%
TTM	15.3%	11.6%	+3.7%
YOY	20.8%	14.7%	+6.1%
5Y	15.0%	11.6%	+3.4%
10Y	11.5%	9.8%	+1.7%

Measures how efficient Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Meritage Corporation 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 Meritage Corporation is 15.6%. This means that Meritage Corporation earned $0.16 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Residential Construction industry is 12.4%.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Meritage Corporation = 344,125
Total revenue MRQ Meritage Corporation = 1,662,823
$344,125 / $1,662,823 = 0.16 or 15.6%

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 Meritage Corporation is keeping operating costs low.

Below 1 is considered healthy (always compare to Residential Construction industry mean).
An Operation Ratio of 0.85 means that the operating costs are $0.85 for each $1 in net sales.

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

The MRQ is 0.852. The company is less efficient in keeping operating costs low.
The TTM is 0.854. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.852	TTM	0.854	-0.002
TTM	0.854	YOY	0.792	+0.062
TTM	0.854	5Y	0.853	+0.001
5Y	0.853	10Y	0.887	-0.035

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.852	0.901	-0.049
TTM	0.854	0.895	-0.041
YOY	0.792	0.886	-0.094
5Y	0.853	0.908	-0.055
10Y	0.887	0.931	-0.044

Measures how efficient Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Meritage Corporation is 85.2%. This means that Meritage Corporation earned $0.85 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 Residential Construction industry is 0.90.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

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
(1,240,748 +176,117) \ 1,662,823 = 0.85

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 Meritage Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Residential Construction industry mean).
A Current Ratio of 9.38 means the company has $9.38 in assets for each $1 in short-term debts.

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

The MRQ is 9.384. The company is very able to pay all its short-term debts. +2
The TTM is 7.189. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	9.384	TTM	7.189	+2.194
TTM	7.189	YOY	7.495	-0.306
TTM	7.189	5Y	6.164	+1.026
5Y	6.164	10Y	7.176	-1.012

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	9.384	3.810	+5.574
TTM	7.189	3.571	+3.618
YOY	7.495	3.518	+3.977
5Y	6.164	3.756	+2.408
10Y	7.176	3.442	+3.734

Measures if Meritage Corporation 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 Residential Construction 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 Meritage Corporation 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 Meritage Corporation is 9.38. This means Meritage Corporation has $9.38 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Residential Construction industry is 3.81.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
6,020,854 \ 641,619) = 9.38

The current ratio measures if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Meritage Corporation to the Residential Construction industry mean.
A Quick Ratio of 1.85 means the company can pay off $1.85 for each $1 in debt (using most liquid assets).

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

The MRQ is 1.852. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.851. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.852	TTM	1.851	+0.001
TTM	1.851	YOY	0.970	+0.881
TTM	1.851	5Y	1.415	+0.436
5Y	1.415	10Y	1.090	+0.325

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.852	0.650	+1.202
TTM	1.851	0.676	+1.175
YOY	0.970	0.666	+0.304
5Y	1.415	0.790	+0.625
10Y	1.090	0.751	+0.339

Measures if Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Meritage Corporation can pay off its short term debts. This shows if Meritage Corporation 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 Meritage Corporation is 1.85. This means that Meritage Corporation can pay off $1.85 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Residential Construction industry is 0.65.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

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 Meritage Corporation: (921,227 + 0 +266,972) / 641,619 = 1.85

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 Meritage Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Meritage Corporation assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Meritage Corporation to Residential Construction industry mean.
A Debt to Asset Ratio of 0.27 means that Meritage Corporation assets are financed with 27.4% credit (debt) and the remaining percentage (100% - 27.4%) is financed by its owners/shareholders.

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

The MRQ is 0.274. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.291. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.274	TTM	0.291	-0.017
TTM	0.291	YOY	0.346	-0.055
TTM	0.291	5Y	0.382	-0.091
5Y	0.382	10Y	0.452	-0.070

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.274	0.395	-0.121
TTM	0.291	0.404	-0.113
YOY	0.346	0.465	-0.119
5Y	0.382	0.451	-0.069
10Y	0.452	0.471	-0.019

Measures how much % of Meritage Corporation assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Meritage Corporation than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Meritage Corporation to Residential Construction 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 Meritage Corporation is 0.27. This means means that Meritage Corporation is financed with 27.4% 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 Residential Construction industry is 381.0%.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Meritage Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,741,234 \ 6,353,134 = 27.4% or 0.27.

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 Meritage Corporation is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Meritage Corporation to the Residential Construction industry mean.
A Debt to Equity ratio of 37.8% means that company has $0.38 debt for each $1 in shareholders equity.

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

The MRQ is 0.378. The company is very able to pay all its debts with equity. +2
The TTM is 0.412. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.378	TTM	0.412	-0.034
TTM	0.412	YOY	0.532	-0.120
TTM	0.412	5Y	0.638	-0.227
5Y	0.638	10Y	0.867	-0.229

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.378	0.630	-0.252
TTM	0.412	0.677	-0.265
YOY	0.532	0.858	-0.326
5Y	0.638	0.812	-0.174
10Y	0.867	0.955	-0.088

Measures if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation is 0.38. This means that Meritage Corporation can pay off $0.38 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Residential Construction industry is 0.63.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,741,234 \ 4,611,900 = 0.38 or 37.8%

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 Meritage 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 Meritage Corporation generates.

Above 15 is considered overpriced but always compare Meritage Corporation to the Residential Construction industry mean.
A PE ratio of 8.09 means the investor is paying $8.09 for every $1 in earnings.

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

The EOD is 6.988. Based on the earnings, the company is cheap. +2
The MRQ is 8.092. Based on the earnings, the company is underpriced. +1
The TTM is 7.135. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.988	MRQ	8.092	-1.104
MRQ	8.092	TTM	7.135	+0.957
TTM	7.135	YOY	2.956	+4.179
TTM	7.135	5Y	6.619	+0.516
5Y	6.619	10Y	9.470	-2.851

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
EOD	6.988	8.506	-1.518
MRQ	8.092	8.844	-0.752
TTM	7.135	8.350	-1.215
YOY	2.956	7.576	-4.620
5Y	6.619	9.744	-3.125
10Y	9.470	11.240	-1.770

Measures how much money you pay for each share for every $1 in earnings Meritage Corporation 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 Meritage Corporation to the Residential Construction 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 Meritage Corporation is 8.09. This means the investor is paying $8.09 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Residential Construction industry is 8.84.
What is the trend?
The trend is important because it shows you how Meritage Corporation is performing over time. The most recent quarter might be important if Meritage Corporation 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 Meritage Corporation 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 Meritage Corporation

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 \ 36,947 = EPS
PE ratio MRQ = 8.09

* 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 Meritage Corporation:

The EOD is -12.463. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -14.432. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 3.258. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-12.463	MRQ	-14.432	+1.969
MRQ	-14.432	TTM	3.258	-17.690
TTM	3.258	YOY	37.216	-33.958
TTM	3.258	5Y	9.024	-5.766
5Y	9.024	10Y	-1.087	+10.111

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
EOD	-12.463	1.074	-13.537
MRQ	-14.432	2.087	-16.519
TTM	3.258	1.839	+1.419
YOY	37.216	4.529	+32.687
5Y	9.024	2.759	+6.265
10Y	-1.087	2.363	-3.450

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Residential Construction industry mean).
A PB ratio of 1.40 means the investor is paying $1.40 for each $1 in book value.

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

The EOD is 1.205. Based on the equity, the company is underpriced. +1
The MRQ is 1.396. Based on the equity, the company is underpriced. +1
The TTM is 1.183. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.205	MRQ	1.396	-0.190
MRQ	1.396	TTM	1.183	+0.212
TTM	1.183	YOY	0.823	+0.360
TTM	1.183	5Y	1.192	-0.008
5Y	1.192	10Y	1.234	-0.043

Compared to industry (Residential Construction)

Period	Company	Industry (mean)	+/-
EOD	1.205	1.112	+0.093
MRQ	1.396	1.144	+0.252
TTM	1.183	1.051	+0.132
YOY	0.823	0.972	-0.149
5Y	1.192	1.193	-0.001
10Y	1.234	1.259	-0.025

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Meritage Corporation

Institutions are holding 104.392% of the shares of Meritage Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	16.9022	0.0272	6113417	-46842	-0.7604
2023-12-31	Vanguard Group Inc	11.3986	0.0157	4122798	-47264	-1.1334
2023-12-31	Dimensional Fund Advisors, Inc.	4.6416	0.0854	1678821	-1418	-0.0844
2023-12-31	State Street Corporation	3.7968	0.0116	1373265	-21124	-1.5149
2023-12-31	T. Rowe Price Investment Management,Inc.	3.2606	0.1336	1179356	-29819	-2.4661
2023-12-31	Goldman Sachs Group Inc	2.8938	0.0164	1046664	550014	110.7448
2023-12-31	Geode Capital Management, LLC	2.3828	0.0157	861848	39260	4.7727
2023-12-31	Macquarie Group Ltd	2.291	0.1668	828655	-140632	-14.5088
2023-12-31	Greenhaven Associates Inc	2.2859	1.5356	826791	12841	1.5776
2023-12-31	Fisher Asset Management, LLC	2.1629	0.0721	782320	-277939	-26.2143
2023-12-31	Pacer Advisors, INC.	2.1553	0.3843	779549	248440	46.7776
2023-12-31	Earnest Partners LLC	1.9884	0.6256	719202	-34199	-4.5393
2023-12-31	Fuller & Thaler Asset Management Inc	1.8972	0.6056	686218	-3382	-0.4904
2023-12-31	American Century Companies Inc	1.6129	0.0699	583374	163015	38.7799
2023-12-31	Wellington Management Company LLP	1.6068	0.0189	581159	-62071	-9.6499
2023-12-31	AllianceBernstein L.P.	1.5635	0.0379	565497	-24270	-4.1152
2023-12-31	Northern Trust Corp	1.3867	0.0158	501567	13975	2.8661
2023-12-31	Amvescap Plc.	1.3218	0.0198	478084	82618	20.8913
2023-12-31	FMR Inc	1.2983	0.0063	469574	-70993	-13.1331
2023-12-31	Charles Schwab Investment Management Inc	1.2721	0.0204	460118	10885	2.423
Total		68.1192	3.8846	24638277	+361095	+1.5%

3.2. Funds holding Meritage Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Small-Cap ETF	6.9159	0.5091	2501452	3330	0.1333
2024-01-31	Vanguard Total Stock Mkt Idx Inv	3.1714	0.0129	1147071	1473	0.1286
2024-02-29	Pacer US Small Cap Cash Cows 100 ETF	2.85	1.8266	1030833	4480	0.4365
2024-01-31	Vanguard Small Cap Index	2.5735	0.1167	930812	2553	0.275
2024-02-29	iShares Russell 2000 ETF	2.4359	0.2228	881053	-144	-0.0163
2023-12-31	T. Rowe Price Small-Cap Value	2.0061	1.1951	725590	-30100	-3.9831
2023-11-30	FullerThaler Behavioral Small-Cap Equity	1.8031	1.1711	652160	0	0
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	1.7895	1.4181	647260	-4900	-0.7513
2024-01-31	Vanguard Small Cap Value Index Inv	1.7638	0.2076	637962	-2640	-0.4121
2024-01-31	DFA US Small Cap Value I	1.5924	0.6301	575946	0	0
2024-01-31	Vanguard Institutional Extnd Mkt Idx Tr	1.4917	0.093	539556	-2515	-0.464
2023-12-31	Vanguard Explorer Inv	1.3725	0.4044	496422	-45156	-8.3379
2024-02-29	Avantis US Small Cap Value ETF	1.0898	0.6166	394181	0	0
2024-01-31	Delaware Small Cap Value A	1.023	1.317	370000	-4500	-1.2016
2023-12-31	Fidelity Small Cap Index	1.0023	0.2485	362531	4553	1.2719
2024-02-29	iShares S&P Small-Cap 600 Growth ETF	0.9998	0.996	361612	0	0
2023-12-31	American Funds SMALLCAP World A	0.9771	0.0855	353400	0	0
2023-12-31	T. Rowe Price U.S. SC Value Eq Tr-Z	0.9478	1.2091	342828	1000	0.2925
2024-02-01	iShares Russell 2000 Value ETF	0.9451	0.4443	341826	432	0.1265
2024-02-29	SPDR® Portfolio S&P 600 Sm Cap ETF	0.9157	0.5085	331193	68	0.0205
Total		37.6664	13.233	13623688	-72066	-0.5%

3.3. Insider Transactions

Insiders are holding 2.104% of the shares of Meritage Corporation.

Date	Owner	Type	Amount	Price
2024-03-13	Phillippe Lord	SELL	2500	162.79
2024-02-20	Alison Sasser	SELL	115	148.18
2024-02-16	Alison Sasser	SELL	231	152.99
2024-02-13	Alison Sasser	SELL	355	152.61
2024-02-13	Clinton Szubinski	SELL	797	152.62
2023-12-01	Phillippe Lord	SELL	7000	145.5
2023-08-07	Peter L Ax	SELL	3000	149.5
2023-08-01	Alison Sasser	SELL	481	150
2023-08-01	Phillippe Lord	SELL	1350	149.03
2023-04-28	Alison Sasser	SELL	1500	123.52
2023-04-28	Gerald W Haddock	SELL	2000	124.64
2023-04-28	Phillippe Lord	SELL	3900	126.03

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Meritage Corporation 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	-	-	5.588	4.526	+23%	6.648	-16%	4.067	+37%	2.580	+117%
Book Value Per Share	-	-	124.825	116.964	+7%	95.781	+30%	77.594	+61%	55.044	+127%
Current Ratio	-	-	9.384	7.189	+31%	7.495	+25%	6.164	+52%	7.176	+31%
Debt To Asset Ratio	-	-	0.274	0.291	-6%	0.346	-21%	0.382	-28%	0.452	-39%
Debt To Equity Ratio	-	-	0.378	0.412	-8%	0.532	-29%	0.638	-41%	0.867	-56%
Dividend Per Share	-	-	0.266	0.267	0%	0.134	+98%	0.080	+232%	0.040	+565%
Eps	-	-	5.382	4.981	+8%	6.687	-20%	4.170	+29%	2.560	+110%
Free Cash Flow Per Share	-	-	-3.018	2.132	-242%	2.553	-218%	1.784	-269%	0.753	-501%
Free Cash Flow To Equity Per Share	-	-	-3.399	0.431	-889%	1.686	-302%	0.800	-525%	0.453	-851%
Gross Profit Margin	-	-	0.461	0.468	-1%	0.676	-32%	0.363	+27%	-0.022	+105%
Intrinsic Value_10Y_max	-	-	12.654	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-302.289	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.215	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-2.661	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	10.418	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-31.974	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	13.914	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-87.342	-	-	-	-	-	-	-	-
Market Cap	5440962842.000	-18%	6436167400.000	5149888837.500	+25%	2915358607.500	+121%	3417953495.500	+88%	2550812873.500	+152%
Net Profit Margin	-	-	0.120	0.119	+0%	0.160	-25%	0.116	+3%	0.085	+41%
Operating Margin	-	-	0.156	0.153	+1%	0.208	-25%	0.150	+4%	0.115	+36%
Operating Ratio	-	-	0.852	0.854	0%	0.792	+8%	0.853	0%	0.887	-4%
Pb Ratio	1.205	-16%	1.396	1.183	+18%	0.823	+70%	1.192	+17%	1.234	+13%
Pe Ratio	6.988	-16%	8.092	7.135	+13%	2.956	+174%	6.619	+22%	9.470	-15%
Price Per Share	150.430	-16%	174.200	138.905	+25%	78.550	+122%	90.412	+93%	65.349	+167%
Price To Free Cash Flow Ratio	-12.463	+14%	-14.432	3.258	-543%	37.216	-139%	9.024	-260%	-1.087	-92%
Price To Total Gains Ratio	25.693	-16%	29.753	29.832	0%	12.359	+141%	26.064	+14%	35.094	-15%
Quick Ratio	-	-	1.852	1.851	+0%	0.970	+91%	1.415	+31%	1.090	+70%
Return On Assets	-	-	0.031	0.030	+4%	0.046	-31%	0.033	-4%	0.023	+35%
Return On Equity	-	-	0.043	0.042	+2%	0.070	-38%	0.052	-17%	0.041	+6%
Total Gains Per Share	-	-	5.855	4.793	+22%	6.782	-14%	4.147	+41%	2.620	+123%
Usd Book Value	-	-	4611900000.000	4337111750.000	+6%	3553051250.000	+30%	2927347950.000	+58%	2141988750.000	+115%
Usd Book Value Change Per Share	-	-	5.588	4.526	+23%	6.648	-16%	4.067	+37%	2.580	+117%
Usd Book Value Per Share	-	-	124.825	116.964	+7%	95.781	+30%	77.594	+61%	55.044	+127%
Usd Dividend Per Share	-	-	0.266	0.267	0%	0.134	+98%	0.080	+232%	0.040	+565%
Usd Eps	-	-	5.382	4.981	+8%	6.687	-20%	4.170	+29%	2.560	+110%
Usd Free Cash Flow	-	-	-111491000.000	79345000.000	-241%	94574750.000	-218%	67539300.000	-265%	27570400.000	-504%
Usd Free Cash Flow Per Share	-	-	-3.018	2.132	-242%	2.553	-218%	1.784	-269%	0.753	-501%
Usd Free Cash Flow To Equity Per Share	-	-	-3.399	0.431	-889%	1.686	-302%	0.800	-525%	0.453	-851%
Usd Market Cap	5440962842.000	-18%	6436167400.000	5149888837.500	+25%	2915358607.500	+121%	3417953495.500	+88%	2550812873.500	+152%
Usd Price Per Share	150.430	-16%	174.200	138.905	+25%	78.550	+122%	90.412	+93%	65.349	+167%
Usd Profit	-	-	198851000.000	184687000.000	+8%	248048000.000	-20%	157076100.000	+27%	98315725.000	+102%
Usd Revenue	-	-	1662823000.000	1534401750.000	+8%	1574538500.000	+6%	1288361750.000	+29%	1010147250.000	+65%
Usd Total Gains Per Share	-	-	5.855	4.793	+22%	6.782	-14%	4.147	+41%	2.620	+123%
	EOD	+3 -5	MRQ	TTM	+24 -12	YOY	+15 -21	5Y	+26 -10	10Y	+28 -8

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.988
Price to Book Ratio (EOD)	Between	0-1	1.205
Net Profit Margin (MRQ)	Greater than	0	0.120
Operating Margin (MRQ)	Greater than	0	0.156
Quick Ratio (MRQ)	Greater than	1	1.852
Current Ratio (MRQ)	Greater than	1	9.384
Debt to Asset Ratio (MRQ)	Less than	1	0.274
Debt to Equity Ratio (MRQ)	Less than	1	0.378
Return on Equity (MRQ)	Greater than	0.15	0.043
Return on Assets (MRQ)	Greater than	0.05	0.031
Total			7/10 (70.0%)

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 Meritage Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.165
Ma 20	Greater than	Ma 50	162.103
Ma 50	Greater than	Ma 100	159.148
Ma 100	Greater than	Ma 200	161.447
Open	Greater than	Close	150.220
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

Latest Balance Sheet

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

Summary

Total Assets	6,353,134
Total Liabilities	1,741,234
Total Stockholder Equity	4,611,900

	As reported
Total Liabilities	1,741,234
Total Stockholder Equity	+ 4,611,900
Total Assets	= 6,353,134

Assets

Total Assets	6,353,134
Total Current Assets	6,020,854
Long-term Assets	332,280

Total Current Assets

Total Current Assets (as reported)	6,020,854
Cash And Cash Equivalents	921,227
Net Receivables	266,972
Inventory	4,721,291
Other Current Assets	111,364
Total Current Assets (calculated)	6,020,854
+/-	0

Long-term Assets

Long-term Assets (as reported)	332,280
Property Plant Equipment	48,953
Goodwill	218,584
Long Term Investments	17,170
Long-term Assets Other	218,584
Long-term Assets (calculated)	503,291
+/-	171,011

Liabilities & Shareholders' Equity

Total Current Liabilities	641,619
Long-term Liabilities	1,099,615
Total Stockholder Equity	4,611,900

Total Current Liabilities

Total Current Liabilities (as reported)	641,619
Short-term Debt	54,040
Accounts payable	271,650
Other Current Liabilities	279,324
Total Current Liabilities (calculated)	605,014
+/-	36,605

Long-term Liabilities

Long-term Liabilities (as reported)	1,099,615
Long term Debt	1,008,215
Capital Lease Obligations	54,040
Long-term Liabilities (calculated)	1,062,255
+/-	37,360

Total Stockholder Equity

Total Stockholder Equity (as reported)	4,611,900
Common Stock	364
Retained Earnings	4,320,581
Other Stockholders Equity	290,955
Total Stockholder Equity (calculated)	4,611,900
+/-	0

Other

Capital Stock	364
Cash and Short Term Investments	921,227
Common Stock Shares Outstanding	36,947
Current Deferred Revenue	36,605
Liabilities and Stockholders Equity	6,353,134
Net Debt	141,028
Net Invested Capital	5,620,115
Net Working Capital	5,379,235
Property Plant and Equipment Gross	122,725
Short Long Term Debt Total	1,062,255

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

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

> Total Assets

0
0
0
384,000
0
0
367,500
365,900
1,096,500
1,072,500
1,041,900
1,002,600
956,000
881,900
826,200
766,700
704,500
640,700
561,000
43,900
39,500
36,300
35,200
31,200
30,400
29,600
28,600
27,800
27,800
19,800
20,000
72,800
70,430
68,418
99,764
96,634
104,219
120,938
145,157
152,250
176,802
194,651
224,851
226,559
236,024
254,016
269,769
267,075
295,448
417,352
440,188
436,715
481,762
526,173
628,163
691,788
774,431
887,414
956,729
954,539
1,020,412
1,080,928
1,200,111
1,265,394
1,422,935
1,603,197
1,888,637
1,971,357
2,043,826
2,128,352
2,243,777
2,170,525
2,184,129
2,229,595
2,075,468
1,748,381
1,581,683
1,619,810
1,453,744
1,326,249
1,265,392
1,200,650
1,183,639
1,242,667
1,240,638
1,255,586
1,240,661
1,224,938
1,218,934
1,225,769
1,233,543
1,221,378
1,217,614
1,243,838
1,481,202
1,575,562
1,770,985
1,767,477
1,874,086
2,003,361
2,129,353
2,192,678
2,272,812
2,316,138
2,366,458
2,586,669
2,663,886
2,690,522
2,714,513
2,761,155
2,873,155
2,888,691
2,956,547
3,200,692
3,252,158
3,251,258
3,327,164
3,394,894
3,448,259
3,365,479
3,395,867
3,466,876
3,635,035
3,398,249
3,914,456
3,541,728
3,687,318
3,864,398
4,038,416
4,321,553
4,565,449
4,807,533
5,058,161
5,307,723
5,571,090
5,772,101
5,871,146
6,065,641
6,181,870
6,353,134

6,353,134

6,181,870

6,065,641

5,871,146

5,772,101

5,571,090

5,307,723

5,058,161

4,807,533

4,565,449

4,321,553

4,038,416

3,864,398

3,687,318

3,541,728

3,914,456

3,398,249

3,635,035

3,466,876

3,395,867

3,365,479

3,448,259

3,394,894

3,327,164

3,251,258

3,252,158

3,200,692

2,956,547

2,888,691

2,873,155

2,761,155

2,714,513

2,690,522

2,663,886

2,586,669

2,366,458

2,316,138

2,272,812

2,192,678

2,129,353

2,003,361

1,874,086

1,767,477

1,770,985

1,575,562

1,481,202

1,243,838

1,217,614

1,221,378

1,233,543

1,225,769

1,218,934

1,224,938

1,240,661

1,255,586

1,240,638

1,242,667

1,183,639

1,200,650

1,265,392

1,326,249

1,453,744

1,619,810

1,581,683

1,748,381

2,075,468

2,229,595

2,184,129

2,170,525

2,243,777

2,128,352

2,043,826

1,971,357

1,888,637

1,603,197

1,422,935

1,265,394

1,200,111

1,080,928

1,020,412

954,539

956,729

887,414

774,431

691,788

628,163

526,173

481,762

436,715

440,188

417,352

295,448

267,075

269,769

254,016

236,024

226,559

224,851

194,651

176,802

152,250

145,157

120,938

104,219

96,634

99,764

68,418

70,430

72,800

20,000

19,800

27,800

28,600

29,600

30,400

31,200

35,200

36,300

39,500

43,900

561,000

640,700

704,500

766,700

826,200

881,900

956,000

1,002,600

1,041,900

1,072,500

1,096,500

365,900

367,500

384,000

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,200
11,000
11,000
6,700
4,700
10,200
2,100
0
3,300
1,900
3,500
15,600
9,588
8,834
6,031
9,231
6,826
6,373
7,341
14,848
9,638
8,858
5,840
15,065
8,848
11,002
3,197
6,576
9,032
13,835
5,833
8,891
4,955
21,473
11,545
15,494
27,386
36,115
14,871
13,515
21,328
20,749
27,116
63,850
57,340
52,290
59,609
126,557
96,299
133,920
180,544
145,290
130,360
146,623
159,944
174,908
119,918
208,282
235,830
364,521
375,275
413,320
394,743
506,821
458,133
479,383
440,625
433,477
407,238
393,133
376,826
348,119
291,671
220,465
403,533
1,357,223
1,551,304
1,540,471
1,634,324
1,770,013
1,908,005
1,978,234
2,085,597
2,132,767
2,185,737
2,400,829
2,475,242
2,505,645
2,543,826
2,589,757
2,736,827
2,709,676
2,763,300
3,003,005
3,023,916
3,041,388
3,102,269
3,166,748
3,222,521
3,182,782
3,196,894
3,271,687
586,417
458,859
933,658
626,326
3,510,664
3,681,767
883,648
4,141,662
4,486,099
4,715,746
4,965,705
5,208,188
5,479,237
5,676,261
5,587,544
5,960,842
1,371,108
6,020,854

6,020,854

1,371,108

5,960,842

5,587,544

5,676,261

5,479,237

5,208,188

4,965,705

4,715,746

4,486,099

4,141,662

883,648

3,681,767

3,510,664

626,326

933,658

458,859

586,417

3,271,687

3,196,894

3,182,782

3,222,521

3,166,748

3,102,269

3,041,388

3,023,916

3,003,005

2,763,300

2,709,676

2,736,827

2,589,757

2,543,826

2,505,645

2,475,242

2,400,829

2,185,737

2,132,767

2,085,597

1,978,234

1,908,005

1,770,013

1,634,324

1,540,471

1,551,304

1,357,223

403,533

220,465

291,671

348,119

376,826

393,133

407,238

433,477

440,625

479,383

458,133

506,821

394,743

413,320

375,275

364,521

235,830

208,282

119,918

174,908

159,944

146,623

130,360

145,290

180,544

133,920

96,299

126,557

59,609

52,290

57,340

63,850

27,116

20,749

21,328

13,515

14,871

36,115

27,386

15,494

11,545

21,473

4,955

8,891

5,833

13,835

9,032

6,576

3,197

11,002

8,848

15,065

5,840

8,858

9,638

14,848

7,341

6,373

6,826

9,231

6,031

8,834

9,588

15,600

3,500

1,900

3,300

2,100

10,200

4,700

6,700

11,000

13,200

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,200
11,000
11,000
6,700
4,700
10,200
2,100
3,300
3,300
1,900
3,500
15,600
6,965
7,263
4,844
8,245
5,671
5,219
5,735
12,387
7,382
7,084
3,836
13,422
5,385
9,459
1,578
4,397
6,359
4,079
1,456
3,383
273
14,481
6,751
6,600
21,962
26,555
6,910
4,799
11,690
11,735
19,340
47,876
44,828
34,104
40,185
65,812
41,662
47,465
75,436
56,710
38,919
51,678
45,297
27,677
26,140
115,153
119,027
205,923
344,399
385,310
346,951
249,331
242,680
156,669
145,324
103,953
103,508
167,568
157,104
173,612
90,603
81,826
305,049
170,457
325,021
218,019
177,584
274,136
260,956
230,630
84,105
103,333
89,245
217,021
235,409
262,208
172,175
128,171
107,915
131,702
85,689
216,739
115,167
170,746
172,552
169,426
205,762
311,466
327,499
407,427
454,812
319,466
797,321
484,622
609,979
745,621
716,433
684,374
562,291
618,335
520,395
272,147
299,387
861,561
957,210
1,163,243
1,048,755
921,227

921,227

1,048,755

1,163,243

957,210

861,561

299,387

272,147

520,395

618,335

562,291

684,374

716,433

745,621

609,979

484,622

797,321

319,466

454,812

407,427

327,499

311,466

205,762

169,426

172,552

170,746

115,167

216,739

85,689

131,702

107,915

128,171

172,175

262,208

235,409

217,021

89,245

103,333

84,105

230,630

260,956

274,136

177,584

218,019

325,021

170,457

305,049

81,826

90,603

173,612

157,104

167,568

103,508

103,953

145,324

156,669

242,680

249,331

346,951

385,310

344,399

205,923

119,027

115,153

26,140

27,677

45,297

51,678

38,919

56,710

75,436

47,465

41,662

65,812

40,185

34,104

44,828

47,876

19,340

11,735

11,690

4,799

6,910

26,555

21,962

6,600

6,751

14,481

273

3,383

1,456

4,079

6,359

4,397

1,578

9,459

5,385

13,422

3,836

7,084

7,382

12,387

5,735

5,219

5,671

8,245

4,844

7,263

6,965

15,600

3,500

1,900

3,300

2,100

10,200

4,700

6,700

11,000

13,200

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
320
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,604
125,699
175,723
270,666
265,571
299,345
273,944
199,215
188,996
147,429
173,955
103,753
66,549
38,938
38,938
43,265
40,904
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,764
5,631
11,223
11,356
11,753
0
0
0
0

11,753

11,356

11,223

5,631

5,764

40,904

43,265

38,938

66,549

103,753

173,955

147,429

188,996

199,215

273,944

299,345

265,571

270,666

175,723

125,699

18,604

320

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,304
1,572
1,187
986
1,155
1,153
1,605
2,461
2,256
1,774
2,004
1,643
3,463
1,544
1,619
2,179
2,673
9,756
4,377
5,508
4,682
6,992
4,794
8,894
5,424
9,560
7,961
8,716
9,638
9,014
7,776
15,974
12,512
18,186
19,424
60,745
54,637
59,664
74,104
68,725
68,777
73,201
93,573
123,503
71,960
73,707
98,425
142,554
30,876
28,010
29,188
115,443
23,486
37,282
20,782
20,835
19,516
16,080
19,617
14,932
14,884
15,778
16,681
20,290
23,885
30,246
35,711
38,983
54,165
50,695
56,178
56,763
61,515
64,659
59,617
57,296
60,491
68,837
76,371
70,355
86,232
73,109
78,933
79,317
74,380
78,395
79,573
77,285
79,990
82,057
85,962
88,492
82,170
93,872
96,702
98,573
102,860
131,104
148,743
147,548
155,380
171,408
193,307
215,019
209,315
210,068
228,852
266,972

266,972

228,852

210,068

209,315

215,019

193,307

171,408

155,380

147,548

148,743

131,104

102,860

98,573

96,702

93,872

82,170

88,492

85,962

82,057

79,990

77,285

79,573

78,395

74,380

79,317

78,933

73,109

86,232

70,355

76,371

68,837

60,491

57,296

59,617

64,659

61,515

56,763

56,178

50,695

54,165

38,983

35,711

30,246

23,885

20,290

16,681

15,778

14,884

14,932

19,617

16,080

19,516

20,835

20,782

37,282

23,486

115,443

29,188

28,010

30,876

142,554

98,425

73,707

71,960

123,503

93,573

73,201

68,777

68,725

74,104

59,664

54,637

60,745

19,424

18,186

12,512

15,974

7,776

9,014

9,638

8,716

7,961

9,560

5,424

8,894

4,794

6,992

4,682

5,508

4,377

9,756

2,673

2,179

1,619

1,544

3,463

1,643

2,004

1,774

2,256

2,461

1,605

1,153

1,155

986

1,187

1,572

2,304

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,791
31,004
19,855
22,664
21,744
21,074
23,728
21,818
19,422
18,378
16,044
0
0
18,604
16,348
16,244
14,766
8,948
9,344
10,270
10,270
11,109
12,146
12,229
19,108
15,254
38,938
38,938
43,265
40,904
51,595
54,666
58,881
31,980
38,090
38,951
43,183
44,055
47,428
33,600
34,399
32,474
42,434
46,787
50,150
50,159
52,183
51,598
51,265
49,875
51,194
70,613
75,345
-2,808,290
-2,693,460
-2,735,623
47,832
62,967
-2,718,505
64,355
74,397
182,058
84,915
256,349
279,348
248,925
241,418
65,841
238,931
-4,407,857
111,364

111,364

-4,407,857

238,931

65,841

241,418

248,925

279,348

256,349

84,915

182,058

74,397

64,355

-2,718,505

62,967

47,832

-2,735,623

-2,693,460

-2,808,290

75,345

70,613

51,194

49,875

51,265

51,598

52,183

50,159

50,150

46,787

42,434

32,474

34,399

33,600

47,428

44,055

43,183

38,951

38,090

31,980

58,881

54,666

51,595

40,904

43,265

38,938

15,254

19,108

12,229

12,146

11,109

10,270

9,344

8,948

14,766

16,244

16,348

18,604

16,044

18,378

19,422

21,818

23,728

21,074

21,744

22,664

19,855

31,004

26,791

> Long-term Assets

0
0
0
384,000
0
0
367,500
365,900
1,096,500
1,072,500
1,041,900
1,002,600
956,000
881,900
826,200
766,700
704,500
640,700
561,000
43,900
39,500
36,300
35,200
31,200
30,400
29,600
28,600
27,800
27,800
19,800
20,000
72,800
60,842
59,584
93,733
87,402
97,393
114,565
137,817
137,403
167,164
185,793
219,011
211,494
227,177
243,013
266,572
260,499
286,416
403,517
434,355
427,824
476,807
504,700
616,618
676,294
747,045
851,299
941,858
941,024
999,084
1,060,179
1,172,995
1,201,544
1,365,595
1,550,907
1,829,028
1,844,800
1,947,527
1,994,432
2,063,233
2,025,235
2,053,769
2,082,972
1,915,524
1,573,473
1,461,765
1,411,528
1,217,914
961,728
890,117
787,330
788,896
735,846
782,505
776,203
800,036
791,461
811,696
832,636
856,717
873,259
925,943
1,023,373
1,077,669
218,339
219,681
227,006
239,762
233,348
221,348
214,444
187,215
183,371
180,721
185,840
188,644
184,877
170,687
171,398
136,328
179,015
193,247
197,687
228,242
209,870
224,895
228,146
225,738
182,697
198,973
195,189
3,048,618
2,939,390
2,980,798
2,915,402
176,654
182,631
3,154,768
179,891
79,350
91,787
92,456
99,535
91,853
95,840
283,602
104,799
4,810,762
332,280

332,280

4,810,762

104,799

283,602

95,840

91,853

99,535

92,456

91,787

79,350

179,891

3,154,768

182,631

176,654

2,915,402

2,980,798

2,939,390

3,048,618

195,189

198,973

182,697

225,738

228,146

224,895

209,870

228,242

197,687

193,247

179,015

136,328

171,398

170,687

184,877

188,644

185,840

180,721

183,371

187,215

214,444

221,348

233,348

239,762

227,006

219,681

218,339

1,077,669

1,023,373

925,943

873,259

856,717

832,636

811,696

791,461

800,036

776,203

782,505

735,846

788,896

787,330

890,117

961,728

1,217,914

1,411,528

1,461,765

1,573,473

1,915,524

2,082,972

2,053,769

2,025,235

2,063,233

1,994,432

1,947,527

1,844,800

1,829,028

1,550,907

1,365,595

1,201,544

1,172,995

1,060,179

999,084

941,024

941,858

851,299

747,045

676,294

616,618

504,700

476,807

427,824

434,355

403,517

286,416

260,499

266,572

243,013

227,177

211,494

219,011

185,793

167,164

137,403

137,817

114,565

97,393

87,402

93,733

59,584

60,842

72,800

20,000

19,800

27,800

28,600

29,600

30,400

31,200

35,200

36,300

39,500

43,900

561,000

640,700

704,500

766,700

826,200

881,900

956,000

1,002,600

1,041,900

1,072,500

1,096,500

365,900

367,500

384,000

Property Plant Equipment

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
46,004
45,107
70,922
66,001
74,266
89,846
107,857
107,325
131,568
150,996
184,184
175,053
188,031
205,067
227,191
216,024
238,462
331,761
355,226
339,905
385,293
409,307
482,299
498,977
558,159
627,489
693,016
701,680
722,083
775,275
882,400
894,960
1,041,349
1,223,670
1,446,028
36,239
41,811
1,590,461
40,416
40,712
40,940
39,655
37,143
30,973
29,028
28,932
26,378
22,692
793,887
710,129
718,438
690,288
724,722
714,248
744,808
14,602
14,175
776,228
798,057
13,491
868,034
955,233
1,004,825
15,718
16,352
17,013
18,690
22,099
26,726
28,828
31,979
32,403
33,826
33,741
34,403
33,970
34,544
34,009
33,983
33,202
32,700
32,620
32,080
33,631
49,761
52,122
53,371
54,596
53,798
54,157
53,111
50,606
49,180
46,299
42,730
38,933
37,308
36,224
36,595
37,340
38,299
39,030
39,437
38,635
41,702
47,312
50,822
48,953

48,953

50,822

47,312

41,702

38,635

39,437

39,030

38,299

37,340

36,595

36,224

37,308

38,933

42,730

46,299

49,180

50,606

53,111

54,157

53,798

54,596

53,371

52,122

49,761

33,631

32,080

32,620

32,700

33,202

33,983

34,009

34,544

33,970

34,403

33,741

33,826

32,403

31,979

28,828

26,726

22,099

18,690

17,013

16,352

15,718

1,004,825

955,233

868,034

13,491

798,057

776,228

14,175

14,602

744,808

714,248

724,722

690,288

718,438

710,129

793,887

22,692

26,378

28,932

29,028

30,973

37,143

39,655

40,940

40,712

40,416

1,590,461

41,811

36,239

1,446,028

1,223,670

1,041,349

894,960

882,400

775,275

722,083

701,680

693,016

627,489

558,159

498,977

482,299

409,307

385,293

339,905

355,226

331,761

238,462

216,024

227,191

205,067

188,031

175,053

184,184

150,996

131,568

107,325

107,857

89,846

74,266

66,001

70,922

45,107

46,004

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
17,675
0
0
0
30,369
30,813
31,883
54,280
73,785
74,040
74,509
75,329
75,645
87,800
88,664
89,650
91,475
114,313
113,907
124,062
130,222
130,081
129,940
129,800
129,659
129,519
102,585
57,538
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,693
39,231
37,885
42,481
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
108,010
114,063
112,739
105,561
101,680
103,308
105,009
106,222
104,071
124,776
168,548
192,604
171,853
164,689
185,819
167,947
197,588
218,584

218,584

197,588

167,947

185,819

164,689

171,853

192,604

168,548

124,776

104,071

106,222

105,009

103,308

101,680

105,561

112,739

114,063

108,010

32,962

42,481

37,885

39,231

36,693

57,538

102,585

129,519

129,659

129,800

129,940

130,081

130,222

124,062

113,907

114,313

91,475

89,650

88,664

87,800

75,645

75,329

74,509

74,040

73,785

54,280

31,883

30,813

30,369

17,675

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
210,154
199,779
158,517
185,344
115,933
78,557
98,159
99,850
102,686
103,508
101,325
87,454
69,847
19,757
10,780
10,271
10,303
10,374
11,370
10,592
11,188
11,800
17,100
16,900
16,678
16,400
17,100
16,441
16,600
16,294
17,480
15,661
7,555
7,908
4,443
3,279
3,646
3,819
4,350
4,001
3,943
3,905
5,764
5,631
11,223
11,356
11,753
11,280
12,451
15,062
17,170

17,170

15,062

12,451

11,280

11,753

11,356

11,223

5,631

5,764

3,905

3,943

4,001

4,350

3,819

3,646

3,279

4,443

7,908

7,555

15,661

17,480

16,294

16,600

16,441

17,100

16,400

16,678

16,900

17,100

11,800

11,188

10,592

11,370

10,374

10,303

10,271

10,780

19,757

69,847

87,454

101,325

103,508

102,686

99,850

98,159

78,557

115,933

185,344

158,517

199,779

210,154

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
1,800
1,741
1,720
4,059
5,971
7,177
8,872
12,424
14,641
19,542
19,275
19,008
18,742
18,475
18,208
17,941
17,675
17,408
28,760
29,355
30,369
30,813
31,883
54,280
73,785
74,040
74,509
75,329
75,645
87,800
88,664
89,650
91,475
116,882
116,185
134,578
144,251
13,689
14,075
13,055
9,492
9,091
8,049
8,099
8,181
7,706
7,137
6,622
5,023
4,745
4,350
3,942
3,590
3,428
3,101
2,511
2,143
1,841
1,807
1,516
1,571
1,565
1,411
0
0
0
0
0
0
0
0
0
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
32,962
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

32,962

1,411

1,565

1,571

1,516

1,807

1,841

2,143

2,511

3,101

3,428

3,590

3,942

4,350

4,745

5,023

6,622

7,137

7,706

8,181

8,099

8,049

9,091

9,492

13,055

14,075

13,689

144,251

134,578

116,185

116,882

91,475

89,650

88,664

87,800

75,645

75,329

74,509

74,040

73,785

54,280

31,883

30,813

30,369

29,355

28,760

17,408

17,675

17,941

18,208

18,475

18,742

19,008

19,275

19,542

14,641

12,424

8,872

7,177

5,971

4,059

1,720

1,741

1,800

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-13,200
-11,000
-11,000
-6,700
-4,700
-10,200
-2,100
0
-3,300
-1,900
-3,500
-15,600
0
0
0
0
0
0
0
0
0
0
0
0
39,145
37,946
39,381
44,475
47,954
71,756
79,129
87,919
45,228
47,458
70,746
99,801
101,464
102,201
113,652
114,902
134,704
138,549
145,694
159,168
183,821
182,217
208,236
249,254
239,987
258,126
282,008
301,375
309,253
289,680
254,488
197,529
199,023
196,068
77,124
38,355
37,925
33,505
29,107
152,094
203,141
298,190
290,743
326,051
303,424
227,634
218,190
176,564
202,078
142,946
112,298
202,621
203,329
209,993
220,591
210,960
194,574
180,617
150,237
145,969
146,895
152,099
154,241
150,907
136,143
137,389
134,819
145,813
150,560
155,080
156,369
137,375
136,270
36,294
36,674
30,065
25,939
25,170
25,656
29,217
25,810
26,468
28,425
2,976,536
33,329
3,637,179
4,237,190
3,833,098
4,129,393
4,580,040
4,814,690
4,434,992
44,801
4,432,035
4,609,921
4,849,825

4,849,825

4,609,921

4,432,035

44,801

4,434,992

4,814,690

4,580,040

4,129,393

3,833,098

4,237,190

3,637,179

33,329

2,976,536

28,425

26,468

25,810

29,217

25,656

25,170

25,939

30,065

36,674

36,294

136,270

137,375

156,369

155,080

150,560

145,813

134,819

137,389

136,143

150,907

154,241

152,099

146,895

145,969

150,237

180,617

194,574

210,960

220,591

209,993

203,329

202,621

112,298

142,946

202,078

176,564

218,190

227,634

303,424

326,051

290,743

298,190

203,141

152,094

29,107

33,505

37,925

38,355

77,124

196,068

199,023

197,529

254,488

289,680

309,253

301,375

282,008

258,126

239,987

249,254

208,236

182,217

183,821

159,168

145,694

138,549

134,704

114,902

113,652

102,201

101,464

99,801

70,746

47,458

45,228

87,919

79,129

71,756

47,954

44,475

39,381

37,946

39,145

-15,600

-3,500

-1,900

-3,300

-2,100

-10,200

-4,700

-6,700

-11,000

-13,200

> Total Liabilities

0
0
0
298,600
0
0
274,200
279,700
1,011,200
986,800
955,500
924,600
877,800
808,500
768,400
712,000
660,700
605,000
529,400
21,500
17,800
15,700
14,200
13,600
12,300
11,200
10,100
9,400
9,400
1,100
1,000
45,900
43,023
38,880
60,881
50,268
51,760
61,429
81,031
79,860
101,893
114,697
140,664
136,148
141,369
152,316
163,376
145,976
166,741
274,847
280,130
260,128
291,867
239,352
319,320
374,480
446,453
537,101
573,446
542,644
579,544
633,490
731,686
742,639
802,340
914,538
1,126,715
1,120,352
1,152,286
1,194,614
1,248,896
1,163,693
1,161,068
1,260,658
1,222,570
1,018,217
894,849
873,016
848,853
799,043
751,853
746,155
743,080
757,242
749,961
759,330
741,359
724,943
722,367
726,972
735,834
732,466
730,748
747,180
885,135
881,352
1,059,348
1,016,796
1,081,760
1,161,969
1,146,759
1,172,359
1,216,115
1,206,649
1,231,170
1,418,331
1,461,217
1,431,585
1,430,204
1,434,352
1,505,750
1,467,196
1,508,182
1,708,253
1,713,050
1,674,433
1,701,832
1,711,954
1,735,775
1,644,724
1,652,796
1,668,776
1,761,469
1,424,259
1,923,690
1,457,127
1,487,469
1,516,530
1,561,723
1,693,409
1,740,179
1,763,144
1,889,846
1,895,254
1,889,280
1,822,490
1,803,936
1,817,346
1,760,828
1,741,234

1,741,234

1,760,828

1,817,346

1,803,936

1,822,490

1,889,280

1,895,254

1,889,846

1,763,144

1,740,179

1,693,409

1,561,723

1,516,530

1,487,469

1,457,127

1,923,690

1,424,259

1,761,469

1,668,776

1,652,796

1,644,724

1,735,775

1,711,954

1,701,832

1,674,433

1,713,050

1,708,253

1,508,182

1,467,196

1,505,750

1,434,352

1,430,204

1,431,585

1,461,217

1,418,331

1,231,170

1,206,649

1,216,115

1,172,359

1,146,759

1,161,969

1,081,760

1,016,796

1,059,348

881,352

885,135

747,180

730,748

732,466

735,834

726,972

722,367

724,943

741,359

759,330

749,961

757,242

743,080

746,155

751,853

799,043

848,853

873,016

894,849

1,018,217

1,222,570

1,260,658

1,161,068

1,163,693

1,248,896

1,194,614

1,152,286

1,120,352

1,126,715

914,538

802,340

742,639

731,686

633,490

579,544

542,644

573,446

537,101

446,453

374,480

319,320

239,352

291,867

260,128

280,130

274,847

166,741

145,976

163,376

152,316

141,369

136,148

140,664

114,697

101,893

79,860

81,031

61,429

51,760

50,268

60,881

38,880

43,023

45,900

1,000

1,100

9,400

10,100

11,200

12,300

13,600

14,200

15,700

17,800

21,500

529,400

605,000

660,700

712,000

768,400

808,500

877,800

924,600

955,500

986,800

1,011,200

279,700

274,200

298,600

> Total 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
0
10,521
7,344
14,608
30,941
26,841
17,985
56,654
44,993
49,497
58,981
112,392
74,055
59,475
59,567
60,412
66,176
56,338
70,404
93,117
84,619
83,843
64,556
135,522
93,462
108,891
110,994
136,050
148,148
137,634
138,660
196,612
213,389
212,340
284,091
350,085
430,096
409,414
385,678
384,730
384,126
299,419
298,320
286,370
262,470
225,424
213,960
198,338
156,756
122,193
141,229
116,419
133,532
144,910
153,864
135,736
111,400
107,971
120,877
129,582
117,199
124,181
151,126
162,460
158,555
178,129
218,581
283,077
256,625
241,798
263,289
307,187
267,142
265,420
279,475
315,259
303,800
310,811
320,317
367,367
339,882
328,267
342,234
373,040
355,651
355,506
365,719
391,376
334,667
343,496
360,854
451,615
405,278
405,496
439,690
467,668
496,445
541,167
531,941
578,984
595,896
717,313
729,393
733,506
671,843
653,181
662,000
755,408
641,619

641,619

755,408

662,000

653,181

671,843

733,506

729,393

717,313

595,896

578,984

531,941

541,167

496,445

467,668

439,690

405,496

405,278

451,615

360,854

343,496

334,667

391,376

365,719

355,506

355,651

373,040

342,234

328,267

339,882

367,367

320,317

310,811

303,800

315,259

279,475

265,420

267,142

307,187

263,289

241,798

256,625

283,077

218,581

178,129

158,555

162,460

151,126

124,181

117,199

129,582

120,877

107,971

111,400

135,736

153,864

144,910

133,532

116,419

141,229

122,193

156,756

198,338

213,960

225,424

262,470

286,370

298,320

299,419

384,126

384,730

385,678

409,414

430,096

350,085

284,091

212,340

213,389

196,612

138,660

137,634

148,148

136,050

110,994

108,891

93,462

135,522

64,556

83,843

84,619

93,117

70,404

56,338

66,176

60,412

59,567

59,475

74,055

112,392

58,981

49,497

44,993

56,654

17,985

26,841

30,941

14,608

7,344

10,521

Short-term Debt

0
0
0
0
0
0
0
20,600
29,000
27,800
25,500
22,000
19,200
15,000
14,700
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,053
0
0
9,770
14,896
0
33,600
10,925
22,957
29,063
78,560
32,104
28,285
21,321
16,164
17,269
19,646
9,334
14,998
15,590
18,920
0
40,207
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-108,754
0
0
0
0
0
0
0
935,208
0
0
0
1,117,040
0
0
25,000
15,000
60,000
1,357,530
25,000
15,248
1,311,348
1,311,257
0
5,377
27,194
34,227
33,148
34,231
500,000
31,182
29,739
28,254
26,433
79,199
75,721
0
0
0
0
0
0
0
52,340
54,040

54,040

52,340

75,721

79,199

26,433

28,254

29,739

31,182

500,000

34,231

33,148

34,227

27,194

5,377

1,311,257

1,311,348

15,248

25,000

1,357,530

60,000

15,000

25,000

1,117,040

935,208

-108,754

40,207

18,920

15,590

14,998

9,334

19,646

17,269

16,164

21,321

28,285

32,104

78,560

29,063

22,957

10,925

33,600

14,896

9,770

4,053

14,700

15,000

19,200

22,000

25,500

27,800

29,000

20,600

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
935,208
0
0
0
1,117,040
0
0
0
1,127,314
1,171,426
1,357,530
1,304,242
15,248
1,311,348
1,311,257
0
5,377
0
0
300,284
16,021
300,000
300,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

300,000

16,021

300,284

5,377

1,311,257

1,311,348

15,248

1,304,242

1,357,530

1,171,426

1,127,314

1,117,040

935,208

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,468
7,344
14,608
21,171
11,946
17,985
23,054
34,068
26,540
29,918
33,832
41,951
31,190
38,246
44,248
48,907
36,692
61,070
78,119
69,029
64,923
64,556
95,315
52,133
55,956
59,379
65,214
80,737
76,453
75,628
106,793
77,799
92,280
146,018
139,073
140,789
140,771
132,213
119,488
117,443
92,515
85,254
79,641
59,680
46,683
51,446
48,185
31,655
21,157
141,229
29,956
30,296
36,576
35,177
29,501
23,589
27,662
31,302
38,903
37,735
39,214
53,616
52,069
158,555
60,283
68,662
76,647
68,018
76,192
83,960
105,068
83,619
91,474
103,145
113,869
106,440
122,289
126,028
148,260
140,682
136,804
139,957
140,492
140,516
140,557
154,819
156,772
128,169
124,562
141,194
180,069
155,024
163,060
167,235
167,788
175,250
199,667
215,221
214,575
216,009
280,114
341,717
322,227
273,267
263,655
276,123
294,183
271,650

271,650

294,183

276,123

263,655

273,267

322,227

341,717

280,114

216,009

214,575

215,221

199,667

175,250

167,788

167,235

163,060

155,024

180,069

141,194

124,562

128,169

156,772

154,819

140,557

140,516

140,492

139,957

136,804

140,682

148,260

126,028

122,289

106,440

113,869

103,145

91,474

83,619

105,068

83,960

76,192

68,018

76,647

68,662

60,283

158,555

52,069

53,616

39,214

37,735

38,903

31,302

27,662

23,589

29,501

35,177

36,576

30,296

29,956

141,229

21,157

31,655

48,185

51,446

46,683

59,680

79,641

85,254

92,515

117,443

119,488

132,213

140,771

140,789

139,073

146,018

92,280

77,799

106,793

75,628

76,453

80,737

65,214

59,379

55,956

52,133

95,315

64,556

64,923

69,029

78,119

61,070

36,692

48,907

44,248

38,246

31,190

41,951

33,832

29,918

26,540

34,068

23,054

17,985

11,946

21,171

14,608

7,344

6,468

Other Current Liabilities

0
0
0
0
0
0
0
-20,600
-29,000
-27,800
-25,500
-22,000
-19,200
-15,000
-14,700
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,329
52,935
51,615
70,836
67,411
61,181
63,032
89,819
135,590
120,060
138,073
211,012
289,307
268,643
253,465
265,242
266,683
206,904
213,066
206,729
202,790
178,741
162,514
150,153
125,101
101,036
98,298
86,463
103,236
108,334
118,687
106,235
87,811
80,309
89,575
90,679
79,464
84,967
97,510
110,391
96,377
100,102
124,353
178,247
166,611
141,771
151,796
168,584
154,144
141,175
137,602
161,803
161,163
145,883
154,643
157,119
155,852
98,666
166,080
168,102
181,076
181,188
173,770
200,445
177,862
162,569
153,184
206,954
191,777
-283,666
218,026
244,632
267,867
284,094
203,563
248,686
337,277
388,921
326,856
353,512
360,615
341,634
336,098
360,752
279,324

279,324

360,752

336,098

341,634

360,615

353,512

326,856

388,921

337,277

248,686

203,563

284,094

267,867

244,632

218,026

-283,666

191,777

206,954

153,184

162,569

177,862

200,445

173,770

181,188

181,076

168,102

166,080

98,666

155,852

157,119

154,643

145,883

161,163

161,803

137,602

141,175

154,144

168,584

151,796

141,771

166,611

178,247

124,353

100,102

96,377

110,391

97,510

84,967

79,464

90,679

89,575

80,309

87,811

106,235

118,687

108,334

103,236

86,463

98,298

101,036

125,101

150,153

162,514

178,741

202,790

206,729

213,066

206,904

266,683

265,242

253,465

268,643

289,307

211,012

138,073

120,060

135,590

89,819

63,032

61,181

67,411

70,836

51,615

52,935

41,329

-14,700

-15,000

-19,200

-22,000

-25,500

-27,800

-29,000

-20,600

> Long-term Liabilities

0
0
0
298,600
0
0
274,200
279,700
1,011,200
986,800
955,500
924,600
877,800
808,500
768,400
712,000
660,700
605,000
529,400
21,500
17,800
15,700
14,200
13,600
12,300
11,200
10,100
9,400
9,400
1,100
1,000
45,900
32,502
31,536
46,273
19,327
24,919
43,444
24,376
34,867
52,396
55,716
28,272
62,094
81,894
92,749
102,964
79,800
110,403
204,443
187,013
175,509
208,024
174,796
183,798
281,018
337,562
426,107
437,396
394,496
441,910
494,830
535,074
529,250
590,000
630,447
776,630
690,256
742,872
808,936
864,166
779,567
861,649
962,338
936,200
755,747
669,425
659,056
650,515
642,287
629,660
604,926
626,661
623,710
605,051
605,466
605,623
613,543
614,396
606,095
606,252
615,267
606,567
596,054
722,675
722,797
881,219
798,215
798,683
905,344
904,961
909,070
908,928
939,507
965,750
1,138,856
1,145,958
1,127,785
1,119,393
1,114,035
1,138,383
1,127,314
1,179,915
1,366,019
1,340,010
1,318,782
1,346,326
1,346,235
1,344,399
1,310,057
1,309,300
1,307,922
1,309,854
1,018,981
1,518,194
1,017,437
1,019,801
1,020,085
1,020,556
1,161,468
1,161,195
1,167,248
1,172,533
1,165,861
1,155,774
1,150,647
1,150,755
1,155,346
1,005,420
1,099,615

1,099,615

1,005,420

1,155,346

1,150,755

1,150,647

1,155,774

1,165,861

1,172,533

1,167,248

1,161,195

1,161,468

1,020,556

1,020,085

1,019,801

1,017,437

1,518,194

1,018,981

1,309,854

1,307,922

1,309,300

1,310,057

1,344,399

1,346,235

1,346,326

1,318,782

1,340,010

1,366,019

1,179,915

1,127,314

1,138,383

1,114,035

1,119,393

1,127,785

1,145,958

1,138,856

965,750

939,507

908,928

909,070

904,961

905,344

798,683

798,215

881,219

722,797

722,675

596,054

606,567

615,267

606,252

606,095

614,396

613,543

605,623

605,466

605,051

623,710

626,661

604,926

629,660

642,287

650,515

659,056

669,425

755,747

936,200

962,338

861,649

779,567

864,166

808,936

742,872

690,256

776,630

630,447

590,000

529,250

535,074

494,830

441,910

394,496

437,396

426,107

337,562

281,018

183,798

174,796

208,024

175,509

187,013

204,443

110,403

79,800

102,964

92,749

81,894

62,094

28,272

55,716

52,396

34,867

24,376

43,444

24,919

19,327

46,273

31,536

32,502

45,900

1,000

1,100

9,400

10,100

11,200

12,300

13,600

14,200

15,700

17,800

21,500

529,400

605,000

660,700

712,000

768,400

808,500

877,800

924,600

955,500

986,800

1,011,200

279,700

274,200

298,600

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
606,095
606,252
606,409
606,567
596,054
722,675
722,797
881,219
798,215
798,337
905,055
904,913
904,771
904,629
935,208
965,750
1,138,856
1,145,958
1,127,785
1,119,393
1,114,035
1,139,815
1,127,314
1,171,426
1,357,530
1,304,242
1,283,804
1,311,348
1,311,257
1,311,723
1,310,057
1,309,300
1,307,922
1,309,854
1,018,981
1,518,194
1,017,437
1,019,801
1,020,085
1,020,556
1,161,468
1,161,195
1,160,038
1,165,323
1,158,651
1,155,774
1,150,647
1,150,755
1,155,346
1,005,420
0

1,005,420

1,155,346

1,150,755

1,150,647

1,155,774

1,158,651

1,165,323

1,160,038

1,161,195

1,161,468

1,020,556

1,020,085

1,019,801

1,017,437

1,518,194

1,018,981

1,309,854

1,307,922

1,309,300

1,310,057

1,311,723

1,311,257

1,311,348

1,283,804

1,304,242

1,357,530

1,171,426

1,127,314

1,139,815

1,114,035

1,119,393

1,127,785

1,145,958

1,138,856

965,750

935,208

904,629

904,771

904,913

905,055

798,337

798,215

881,219

722,797

722,675

596,054

606,567

606,409

606,252

606,095

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
10,101
12,316
12,561
10,917
13,121
15,308
15,929
13,538
16,745
18,510
19,770
16,091
72,422
105,847
124,422
43,005
60,189
60,291
62,406
56,317
59,959
67,427
82,028
77,267
74,229
68,075
57,281
46,291
51,285
59,008
52,273
25,872
23,644
24,080
20,797
13,319
15,484
17,430
21,693
18,701
14,451
14,967
11,866
7,763
8,459
8,898
11,331
8,858
12,192
12,962
14,027
12,377
17,744
25,566
28,529
22,285
23,883
31,832
37,834
33,678
32,771
38,728
39,587
36,197
42,639
39,646
36,988
28,348
41,286
44,686
75,214
69,037
68,739
72,108
66,835
28,636
29,171
32,249
31,444
24,246
26,102
23,247
25,509
25,074
30,973
33,958
40,002
49,820
55,488
68,030
57,767
37,961
47,892
0
48,133
0

48,133

47,892

37,961

57,767

68,030

55,488

49,820

40,002

33,958

30,973

25,074

25,509

23,247

26,102

24,246

31,444

32,249

29,171

28,636

66,835

72,108

68,739

69,037

75,214

44,686

41,286

28,348

36,988

39,646

42,639

36,197

39,587

38,728

32,771

33,678

37,834

31,832

23,883

22,285

28,529

25,566

17,744

12,377

14,027

12,962

12,192

8,858

11,331

8,898

8,459

7,763

11,866

14,967

14,451

18,701

21,693

17,430

15,484

13,319

20,797

24,080

23,644

25,872

52,273

59,008

51,285

46,291

57,281

68,075

74,229

77,267

82,028

67,427

59,959

56,317

62,406

60,291

60,189

43,005

124,422

105,847

72,422

16,091

19,770

18,510

16,745

13,538

15,929

15,308

13,121

10,917

12,561

12,316

10,101

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,100
0
0
0
2,900
0
0
0
2,700
0
0
0
3,000
0
0
0
3,600
0
0
0
3,300
0
0
0
4,700
0
0
0
3,600
0
0
0
3,800
0
0
0
0

3,800

3,600

4,700

3,300

3,600

3,000

2,700

2,900

10,100

> Total Stockholder Equity

0
0
0
85,400
0
0
93,300
86,200
85,300
85,700
86,400
78,000
78,200
73,400
57,800
54,700
43,800
35,700
31,600
22,400
21,700
20,600
21,000
17,600
18,100
18,400
18,500
18,400
18,400
18,700
19,000
26,900
27,407
29,538
38,882
46,365
52,459
59,509
64,126
72,279
74,764
79,801
83,999
90,411
94,655
101,700
106,393
121,099
128,707
142,505
160,058
176,587
189,895
286,821
308,843
317,308
327,978
350,048
376,246
411,895
440,868
447,438
468,321
522,555
620,595
688,659
761,922
851,005
891,540
933,738
994,881
1,006,832
1,023,061
968,937
852,898
730,164
686,834
746,794
604,891
527,206
513,539
454,495
440,559
485,425
490,677
496,256
499,302
499,995
496,567
498,797
497,709
488,912
486,866
496,658
596,067
694,210
711,637
750,681
792,326
841,392
982,594
1,020,319
1,056,697
1,109,489
1,135,288
1,168,338
1,202,669
1,258,937
1,284,309
1,326,803
1,367,405
1,421,495
1,448,365
1,492,439
1,539,108
1,576,825
1,625,332
1,682,940
1,712,484
1,720,755
1,743,071
1,798,100
1,873,566
1,973,990
1,990,766
2,084,601
2,199,849
2,347,868
2,476,693
2,628,144
2,825,270
3,044,389
3,168,315
3,412,469
3,681,810
3,949,611
4,067,210
4,248,295
4,421,042
4,611,900

4,611,900

4,421,042

4,248,295

4,067,210

3,949,611

3,681,810

3,412,469

3,168,315

3,044,389

2,825,270

2,628,144

2,476,693

2,347,868

2,199,849

2,084,601

1,990,766

1,973,990

1,873,566

1,798,100

1,743,071

1,720,755

1,712,484

1,682,940

1,625,332

1,576,825

1,539,108

1,492,439

1,448,365

1,421,495

1,367,405

1,326,803

1,284,309

1,258,937

1,202,669

1,168,338

1,135,288

1,109,489

1,056,697

1,020,319

982,594

841,392

792,326

750,681

711,637

694,210

596,067

496,658

486,866

488,912

497,709

498,797

496,567

499,995

499,302

496,256

490,677

485,425

440,559

454,495

513,539

527,206

604,891

746,794

686,834

730,164

852,898

968,937

1,023,061

1,006,832

994,881

933,738

891,540

851,005

761,922

688,659

620,595

522,555

468,321

447,438

440,868

411,895

376,246

350,048

327,978

317,308

308,843

286,821

189,895

176,587

160,058

142,505

128,707

121,099

106,393

101,700

94,655

90,411

83,999

79,801

74,764

72,279

64,126

59,509

52,459

46,365

38,882

29,538

27,407

26,900

19,000

18,700

18,400

18,500

18,400

18,100

17,600

21,000

20,600

21,700

22,400

31,600

35,700

43,800

54,700

57,800

73,400

78,200

78,000

86,400

85,700

85,300

86,200

93,300

85,400

Common 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
46
46
53
53
54
54
53
53
54
55
55
55
56
56
56
59
59
62
62
63
130
151
152
152
152
153
154
155
156
156
157
315
327
330
331
331
334
338
340
340
341
341
341
341
343
386
386
386
389
396
397
397
400
400
400
400
403
403
403
404
406
407
356
356
360
362
362
362
391
391
391
391
396
397
397
397
400
400
400
400
403
403
403
403
406
406
400
381
383
383
383
382
376
377
377
375
378
376
376
373
367
366
366
366
368
368
364
364

364

368

366

367

373

376

378

375

377

376

382

383

381

400

406

403

400

397

396

391

362

360

356

407

406

404

403

400

397

396

389

386

343

341

340

338

334

331

330

327

315

157

156

155

154

153

152

151

130

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
213,451
210,216
198,442
193,688
201,693
208,477
303,605
315,646
343,789
381,980
428,069
453,446
488,525
521,102
570,310
586,710
615,843
646,151
699,048
720,017
759,895
796,782
848,589
872,161
913,741
956,291
991,844
1,035,135
1,088,973
1,143,108
1,218,593
1,244,005
1,294,833
1,364,642
1,468,256
1,539,408
1,630,086
1,739,204
1,891,731
2,023,574
2,190,963
2,391,715
2,629,175
2,846,429
3,096,513
3,359,002
3,621,367
3,742,741
3,919,650
0
0

3,919,650

3,742,741

3,621,367

3,359,002

3,096,513

2,846,429

2,629,175

2,391,715

2,190,963

2,023,574

1,891,731

1,739,204

1,630,086

1,539,408

1,468,256

1,364,642

1,294,833

1,244,005

1,218,593

1,143,108

1,088,973

1,035,135

991,844

956,291

913,741

872,161

848,589

796,782

759,895

720,017

699,048

646,151

615,843

586,710

570,310

521,102

488,525

453,446

428,069

381,980

343,789

315,646

303,605

208,477

201,693

193,688

198,442

210,216

213,451

Accumulated Other Comprehensive Income

-96,872

-92,603

-83,369

-57,163

-47,853

-39,498

-34,084

-31,016

-28,547

-33,800

-38,400

-38,900

-45,700

-33,600

-24,400

-1,920

-24,400

-11,800

-10,500

-7,100

-5,400

-3,503

-2,862

-376

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
473,716
475,863
478,839
481,545
483,331
387,234
390,249
395,631
406,530
409,984
412,961
528,757
531,403
535,204
538,788
548,182
552,098
556,121
559,492
563,892
566,508
570,223
572,506
575,801
578,295
582,414
584,578
589,791
593,561
568,976
501,781
498,683
502,884
508,541
505,352
450,982
454,138
460,268
455,762
452,741
436,805
433,179
414,841
321,519
315,590
322,442
327,878
324,101
328,277
289,109
0

289,109

328,277

324,101

327,878

322,442

315,590

321,519

414,841

433,179

436,805

452,741

455,762

460,268

454,138

450,982

505,352

508,541

502,884

498,683

501,781

568,976

593,561

589,791

584,578

582,414

578,295

575,801

572,506

570,223

566,508

563,892

559,492

556,121

552,098

548,182

538,788

535,204

531,403

528,757

412,961

409,984

406,530

395,631

390,249

387,234

483,331

481,545

478,839

475,863

473,716

Treasury Stock

-188,773

-188,765

-188,762

-184,866

-132,676

-83,378

-68,971

-68,973

-68,971

-53,406

-33,553

-33,552

-33,553

-28,373

-12,280

-11,223

-11,016

-10,410

-4,537

-2,487

Other Stockholders Equity

0
0
0
83,400
0
0
83,400
83,500
83,800
83,800
84,000
84,000
84,100
84,100
83,800
83,800
-40,200
-48,300
-52,400
42,700
62,700
61,600
42,700
42,500
42,500
42,500
42,500
42,200
42,200
42,200
42,200
92,200
92,407
92,580
96,839
97,785
98,426
98,780
99,130
102,182
102,340
102,837
103,007
102,007
101,480
99,952
94,136
96,910
97,129
98,430
101,096
105,352
110,027
191,994
191,578
179,447
174,344
175,101
175,542
180,925
182,978
164,912
150,193
152,457
226,290
235,112
238,121
237,826
198,623
163,761
165,363
177,490
181,564
184,016
186,529
192,634
194,607
277,992
280,102
293,666
252,651
267,202
271,050
311,530
275,219
276,632
278,459
318,447
283,275
284,943
287,090
323,866
292,772
294,558
387,234
418,796
395,631
406,530
409,984
443,977
528,757
531,403
535,204
572,872
548,182
552,098
556,121
598,990
563,892
566,508
570,223
620,359
575,801
578,295
582,414
641,741
589,791
593,561
568,976
585,150
498,683
502,884
508,541
597,955
450,982
454,138
460,268
552,634
452,741
436,805
433,179
414,841
321,519
315,590
322,442
327,878
324,101
328,277
289,109
290,955

290,955

289,109

328,277

324,101

327,878

322,442

315,590

321,519

414,841

433,179

436,805

452,741

552,634

460,268

454,138

450,982

597,955

508,541

502,884

498,683

585,150

568,976

593,561

589,791

641,741

582,414

578,295

575,801

620,359

570,223

566,508

563,892

598,990

556,121

552,098

548,182

572,872

535,204

531,403

528,757

443,977

409,984

406,530

395,631

418,796

387,234

294,558

292,772

323,866

287,090

284,943

283,275

318,447

278,459

276,632

275,219

311,530

271,050

267,202

252,651

293,666

280,102

277,992

194,607

192,634

186,529

184,016

181,564

177,490

165,363

163,761

198,623

237,826

238,121

235,112

226,290

152,457

150,193

164,912

182,978

180,925

175,542

175,101

174,344

179,447

191,578

191,994

110,027

105,352

101,096

98,430

97,129

96,910

94,136

99,952

101,480

102,007

103,007

102,837

102,340

102,182

99,130

98,780

98,426

97,785

96,839

92,580

92,407

92,200

42,200

42,500

42,700

61,600

62,700

42,700

-52,400

-48,300

-40,200

83,800

84,100

84,000

83,800

83,500

83,400

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	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Accounts Payable	271,650	273,267	216,009	175,250	155,024	128,169	140,516	140,682	106,440	83,619	68,018	158,555	37,735	23,589	30,296	31,655	59,680	117,443	140,789	77,799	80,737	52,133	69,029	48,907	41,951	34,068	21,171	0	0	0	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	-
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	-
Accumulated Other Comprehensive Income	0	0	0	-96,872	-92,603	-83,369	-57,163	-47,853	-39,498	-34,084	-31,016	-28,547	-33,800	-38,400	-38,900	-45,700	-33,600	-33,600	-24,400	-11,800	-11,800	-10,500	-7,100	-5,400	-3,503	-2,862	-376	0	0	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	-
Capital Lease Obligations	54,040	22,782	26,171	28,254	34,231	0	0	0	0	0	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	364	366	373	375	382	381	0	0	0	0	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	327,878	414,841	455,762	505,352	501,781	584,578	572,506	559,492	538,788	412,961	390,249	478,839	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash	921,227	861,561	618,335	745,621	319,466	311,466	170,746	131,702	262,208	103,333	274,136	170,457	173,612	103,953	249,331	205,923	27,677	56,710	65,812	47,876	4,799	6,600	3,383	4,397	13,422	12,387	8,245	15,600	3,300	6,700	0	0	0	0	-
Cash And Equivalents	0	861,561	618,335	745,621	319,466	311,466	170,746	131,702	0	0	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	921,227	861,561	618,335	745,621	319,466	311,466	170,746	131,702	262,208	103,333	274,136	170,457	321,041	403,298	375,030	205,923	27,677	56,710	65,812	47,876	4,799	6,600	3,383	4,397	13,422	12,387	8,245	15,600	3,300	6,700	0	0	0	0	-
Common Stock	364	366	373	375	382	381	403	400	397	391	362	356	404	400	397	386	341	340	331	315	155	152	63	59	55	53	53	0	0	0	0	0	0	0	-
Common Stock Shares Outstanding	37,069	37,101	38,233	38,484	38,891	40,728	42,228	42,585	42,164	41,614	38,801	35,172	32,382	32,322	31,350	29,330	26,225	27,102	28,787	27,610	27,604	26,342	23,562	22,851	24,134	24,493	21,232	20,000	38,949	38,882	12,969	13,195	13,169	12,973	11,872
Common Stock Total Equity	0	366	373	375	382	381	403	400	397	391	362	356	404	400	397	386	341	340	331	315	155	152	63	59	55	53	53	0	0	0	0	0	0	0	-
Current Deferred Revenue	36,605	37,961	42,610	25,074	24,246	28,636	34,059	28,348	36,197	29,379	21,996	12,377	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	-
Deferred Long Term Liab	0	3,800	3,600	4,700	3,300	3,600	3,000	2,700	2,900	10,100	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	218,584	164,689	124,776	103,308	114,063	32,962	32,962	32,962	32,962	32,962	39,231	0	0	0	0	0	0	129,659	130,222	91,475	75,645	73,785	30,369	17,675	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	0	0	0	0	0	0	32,962	32,962	32,962	32,962	0	0	1,571	2,143	3,590	5,023	8,181	9,492	144,251	91,475	75,645	73,785	30,369	17,675	18,742	14,641	5,971	1,800	0	0	0	0	0	0	-
Inventory	4,721,291	4,358,263	3,734,408	2,778,039	2,744,361	2,742,621	2,731,380	2,422,063	2,098,302	1,877,682	1,405,299	1,113,187	815,425	750,153	694,200	916,725	1,368,699	1,703,003	1,559,307	1,014,634	802,453	562,486	375,490	235,558	0	0	0	0	0	0	0	0	0	0	-
Liabilities And Stockholders Equity	6,353,134	5,772,101	4,807,533	3,864,398	3,398,249	3,365,479	3,251,258	2,888,691	2,690,522	2,316,138	2,003,361	1,575,562	1,221,378	1,224,938	1,242,667	1,326,249	1,748,381	2,170,525	1,971,357	1,265,394	954,539	691,788	436,715	267,075	226,559	152,250	96,634	72,800	27,800	31,200	43,900	766,700	1,002,600	365,900	384,000
Long Term Debt	1,008,215	1,150,647	1,160,038	1,020,085	1,018,981	1,310,057	1,283,804	1,127,314	1,127,785	935,208	905,055	722,797	606,409	605,780	605,009	628,968	723,517	705,312	555,922	423,948	350,891	263,119	158,718	66,566	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	1,150,647	1,160,038	1,020,085	1,018,981	1,310,057	1,283,804	1,127,314	1,127,785	935,208	905,055	722,797	606,409	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	17,170	11,753	5,764	4,350	4,443	17,480	17,100	17,100	11,370	10,780	101,325	98,159	158,517	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	-
Net Debt	141,028	289,086	541,703	274,464	699,515	998,591	1,113,058	995,612	865,577	831,875	630,919	552,340	432,797	501,827	355,678	423,045	702,198	676,566	526,312	423,539	346,692	258,327	174,178	81,755	72,515	24,818	14,647	14,900	4,500	5,100	19,900	699,300	911,400	263,900	234,800
Net Invested Capital	5,620,115	5,100,258	4,204,427	3,367,953	2,992,971	3,030,812	2,860,629	0	0	0	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	266,972	215,019	147,548	98,573	88,492	77,285	79,317	70,355	57,296	56,763	38,983	20,290	14,932	20,835	115,443	142,554	123,503	68,725	60,745	15,974	8,716	8,894	5,508	2,179	1,643	2,461	986	0	0	0	0	0	0	0	-
Net Tangible Assets	0	3,949,611	3,044,389	2,347,868	1,973,990	1,720,755	1,576,825	1,421,495	1,258,937	1,109,489	841,392	694,210	487,341	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	5,379,235	5,004,418	4,119,850	372,823	2,771,287	2,876,535	2,712,034	2,369,794	2,201,845	1,865,625	1,513,388	1,198,668	222,062	314,314	354,588	207,765	-87,562	-238,836	-303,539	-149,539	-134,633	-77,968	-75,728	-59,600	-58,990	-30,145	-21,710	0	0	0	0	0	0	0	-
Non Current Assets Total	332,280	95,840	91,787	182,631	2,939,390	182,697	209,870	179,015	184,877	183,371	233,348	218,339	873,259	791,461	735,846	961,728	1,573,473	2,025,235	1,844,800	1,201,544	941,024	676,294	427,824	260,499	211,494	137,403	87,402	72,800	27,800	31,200	43,900	766,700	1,002,600	365,900	384,000
Non Current Liabilities Other	0	37,961	7,210	25,074	24,246	0	34,978	0	0	4,299	289	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	1,099,615	1,150,647	1,167,248	1,020,085	1,018,981	1,310,057	1,318,782	1,127,314	1,127,785	939,507	905,344	722,797	606,409	605,780	605,009	642,287	755,747	779,567	690,256	529,250	394,496	281,018	175,509	79,800	62,094	34,867	19,327	45,900	9,400	13,600	21,500	712,000	924,600	279,700	298,600
Non Currrent Assets Other	218,584	-164,689	-116,765	103,308	2,744,361	51,194	91,047	42,434	47,428	43,089	289	42,206	46,746	41,546	48,927	934,013	1,395,262	1,817,253	1,664,310	215,109	138,967	100,831	54,938	26,257	17,001	8,502	5,026	71,000	27,800	31,200	43,900	766,700	1,002,600	365,900	384,000
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	-
Other Assets	0	4,434,992	3,833,098	2,976,536	29,217	30,065	38,162	56,020	59,147	102,227	109,635	104,462	16,476	13,576	10,923	16,044	162,785	47,974	16,289	16,749	15,729	26,016	12,298	26,800	0	0	0	-15,600	-3,300	-6,700	0	0	0	0	-
Other Current Assets	111,364	241,418	215,455	59,534	-2,693,460	51,410	52,183	42,434	47,428	38,090	51,595	38,938	12,146	9,344	16,348	16,044	23,728	19,855	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Current Liab	279,324	360,615	337,277	267,867	191,777	177,862	181,076	155,852	161,163	154,144	166,611	96,377	88,322	95,574	121,937	125,101	202,790	266,683	289,307	135,590	67,411	41,329	0	0	0	0	0	0	0	0	0	0	-22,000	-20,600	-
Other Liab	0	37,961	49,820	25,074	24,246	28,636	69,037	28,348	36,197	33,678	22,285	12,377	8,858	7,763	18,701	13,319	25,872	46,291	77,267	56,317	43,005	16,091	13,538	10,917	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	290,955	327,878	414,841	455,762	505,352	501,781	641,741	620,359	598,990	572,872	443,977	418,796	323,866	318,447	311,530	293,666	192,634	177,490	237,826	152,457	180,925	179,447	105,352	96,910	102,007	102,182	97,785	92,200	42,200	42,500	42,700	83,800	84,000	83,500	83,400
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	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	122,725	123,256	123,918	38,933	50,606	54,596	33,631	33,202	33,970	32,403	22,099	15,718	13,491	14,602	690,288	22,692	30,973	40,712	36,239	894,960	701,680	498,977	339,905	216,024	175,053	107,325	66,001	0	0	0	0	0	0	0	-
Property Plant And Equipment Net	48,953	38,635	37,340	38,933	50,606	54,596	33,631	33,202	33,970	32,403	22,099	15,718	815,425	738,928	675,037	22,692	30,973	40,712	36,239	894,960	701,680	498,977	339,905	216,024	175,053	107,325	66,001	0	0	0	0	0	0	0	-
Property Plant Equipment	0	38,635	37,340	38,933	50,606	54,596	33,631	33,202	33,970	32,403	22,099	15,718	13,491	14,602	15,251	22,692	30,973	40,712	36,239	27,742	23,669	14,007	9,667	4,717	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	4,320,581	3,621,367	2,629,175	1,891,731	1,468,256	1,218,593	991,844	848,589	699,048	570,310	428,069	303,605	198,442	219,548	212,398	278,854	570,789	862,602	637,248	381,583	242,615	148,209	78,272	29,530	-8,149	-27,094	-51,097	-65,300	-23,800	-24,900	-20,300	-29,100	-6,000	2,700	2,000
Retained Earnings Total Equity	0	3,621,367	2,629,175	1,891,731	1,468,256	1,218,593	991,844	848,589	699,048	570,310	428,069	303,605	198,442	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	0	0	0	16,021	5,377	15,248	1,127,314	1,117,040	935,208	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	1,062,255	1,150,647	1,160,038	1,020,085	1,018,981	1,310,057	1,283,804	1,127,314	1,127,785	935,208	905,055	722,797	606,409	605,780	605,009	628,968	729,875	733,276	592,124	471,415	351,491	264,927	177,561	86,152	85,937	37,205	22,892	30,500	7,800	11,800	19,900	699,300	911,400	263,900	234,800
Short Term Debt	54,040	0	0	28,254	34,231	5,377	15,248	15,000	1,117,040	935,208	0	-108,754	0	0	0	0	0	0	0	0	0	0	15,590	17,269	32,104	10,925	9,770	0	0	0	0	0	22,000	20,600	-
Short Term Investments	0	11,753	5,764	0	0	0	0	0	0	0	0	38,938	147,429	299,345	125,699	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	-
Total Assets	6,353,134	5,772,101	4,807,533	3,864,398	3,398,249	3,365,479	3,251,258	2,888,691	2,690,522	2,316,138	2,003,361	1,575,562	1,221,378	1,224,938	1,242,667	1,326,249	1,748,381	2,170,525	1,971,357	1,265,394	954,539	691,788	436,715	267,075	226,559	152,250	96,634	72,800	27,800	31,200	43,900	766,700	1,002,600	365,900	384,000
Total Current Assets	6,020,854	5,676,261	4,715,746	3,681,767	458,859	3,182,782	3,041,388	2,709,676	2,505,645	2,132,767	1,770,013	1,357,223	348,119	433,477	506,821	364,521	174,908	145,290	126,557	63,850	13,515	15,494	8,891	6,576	15,065	14,848	9,231	15,600	3,300	6,700	0	0	0	0	-
Total Current Liabilities	641,619	671,843	595,896	496,445	405,278	334,667	355,651	339,882	303,800	267,142	256,625	158,555	126,057	119,163	152,233	156,756	262,470	384,126	430,096	213,389	148,148	93,462	84,619	66,176	74,055	44,993	30,941	0	0	0	0	0	0	0	-
Total Liab	1,741,234	1,822,490	1,763,144	1,516,530	1,424,259	1,644,724	1,674,433	1,467,196	1,431,585	1,206,649	1,161,969	881,352	732,466	724,943	757,242	799,043	1,018,217	1,163,693	1,120,352	742,639	542,644	374,480	260,128	145,976	136,148	79,860	50,268	45,900	9,400	13,600	21,500	712,000	924,600	279,700	298,600
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	-
Total Stockholder Equity	4,611,900	3,949,611	3,044,389	2,347,868	1,973,990	1,720,755	1,576,825	1,421,495	1,258,937	1,109,489	841,392	694,210	488,912	499,995	485,425	527,206	730,164	1,006,832	851,005	522,555	411,895	317,308	176,587	121,099	90,411	72,279	46,365	26,900	18,400	17,600	22,400	54,700	78,000	86,200	85,400
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	-188,773	-188,773	-188,773	-188,773	-188,762	-188,762	-83,378	-68,973	-33,553	-28,373	-11,223	-11,016	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	-

	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	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Accounts Payable	271,650	294,183	276,123	263,655	273,267	322,227	341,717	280,114	216,009	214,575	215,221	199,667	175,250	167,788	167,235	163,060	155,024	180,069	141,194	124,562	128,169	156,772	154,819	140,557	140,516	140,492	139,957	136,804	140,682	148,260	126,028	122,289	106,440	113,869	103,145	91,474	83,619	105,068	83,960	76,192	68,018	76,647	68,662	60,283	158,555	52,069	53,616	39,214	37,735	38,903	31,302	27,662	23,589	29,501	35,177	36,576	30,296	29,956	141,229	21,157	31,655	48,185	51,446	46,683	59,680	79,641	85,254	92,515	117,443	119,488	132,213	140,771	140,789	139,073	146,018	92,280	77,799	106,793	75,628	76,453	80,737	65,214	59,379	55,956	52,133	95,315	64,556	64,923	69,029	78,119	61,070	36,692	48,907	44,248	38,246	31,190	41,951	33,832	29,918	26,540	34,068	23,054	17,985	11,946	21,171	14,608	7,344	6,468	0	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 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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	0	0	0	-96,872	0	0	0	-92,603	0	0	0	-83,369	0	0	0	-57,163	0	0	0	-47,853	0	0	0	-39,498	0	0	0	-34,084	0	0	0	-31,016	0	0	0	-28,547	0	0	0	-33,800	0	0	0	-38,400	0	0	-38,900	-38,900	0	0	0	-45,700	-33,600	-33,600	-33,600	-33,600	-33,600	-33,600	-33,600	-33,600	-24,400	-1,920	-24,400	-24,400	-11,800	-11,800	-11,800	-11,800	-11,800	-11,800	-11,800	-11,800	-10,500	-10,500	-10,500	-10,500	-7,100	-7,100	-7,100	-7,100	-5,400	-5,400	-5,400	-5,400	-3,503	-3,503	-3,503	-3,503	-2,862	-2,862	-2,862	-2,862	-376	-376	-376	-376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Capital Lease Obligations	54,040	52,340	24,753	23,481	22,782	23,998	24,084	24,052	26,171	22,644	24,439	26,433	28,254	29,739	31,182	32,740	34,231	33,148	34,227	27,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	364	364	368	368	366	366	366	367	373	376	376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	289,109	328,277	324,101	327,878	322,442	315,590	321,519	414,841	433,179	436,805	452,741	455,762	460,268	454,138	450,982	505,352	508,541	502,884	498,683	501,781	568,976	593,561	589,791	584,578	582,414	578,295	575,801	572,506	570,223	566,508	563,892	559,492	556,121	552,098	548,182	538,788	535,204	531,403	528,757	412,961	409,984	406,530	395,631	390,249	387,234	483,331	481,545	478,839	475,863	473,716	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	921,227	1,048,755	1,163,243	957,210	861,561	299,387	272,147	520,395	618,335	562,291	684,374	716,433	745,621	609,979	484,622	797,321	319,466	454,812	407,427	327,499	311,466	205,762	169,426	172,552	170,746	115,167	216,739	85,689	131,702	107,915	128,171	172,175	262,208	235,409	217,021	89,245	103,333	84,105	230,630	260,956	274,136	177,584	218,019	325,021	170,457	305,049	81,826	90,603	173,612	157,104	167,568	103,508	103,953	145,324	156,669	242,680	249,331	346,951	385,310	344,399	205,923	119,027	115,153	26,140	27,677	45,297	51,678	38,919	56,710	75,436	47,465	41,662	65,812	40,185	34,104	44,828	47,876	19,340	11,735	11,690	4,799	6,910	26,555	21,962	6,600	6,751	14,481	273	3,383	1,456	4,079	6,359	4,397	1,578	9,459	5,385	13,422	3,836	7,084	7,382	12,387	5,735	5,219	5,671	8,245	4,844	7,263	6,965	15,600	3,500	1,900	3,300	3,300	2,100	10,200	4,700	6,700	11,000	11,000	13,200	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Cash And Equivalents	0	1,048,755	1,163,243	957,210	861,561	299,387	272,147	520,395	618,335	562,291	684,374	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	921,227	1,048,755	1,163,243	957,210	861,561	299,387	272,147	520,395	618,335	562,291	684,374	716,433	745,621	609,979	484,622	797,321	319,466	454,812	407,427	327,499	311,466	205,762	169,426	172,552	170,746	115,167	216,739	85,689	131,702	107,915	128,171	172,175	262,208	235,409	217,021	89,245	103,333	84,105	230,630	260,956	274,136	177,584	218,019	325,021	170,457	371,598	185,579	264,558	321,041	346,100	366,783	377,452	403,298	410,895	427,335	418,403	375,030	346,951	385,310	344,399	205,923	119,027	115,153	26,140	27,677	45,297	51,678	38,919	56,710	75,436	47,465	41,662	65,812	40,185	34,104	44,828	47,876	19,340	11,735	11,690	4,799	6,910	26,555	21,962	6,600	6,751	14,481	273	3,383	1,456	4,079	6,359	4,397	1,578	9,459	5,385	13,422	3,836	7,084	7,382	12,387	5,735	5,219	5,671	8,245	4,844	7,263	7,284	15,600	3,500	1,900	3,300	3,300	2,100	10,200	4,700	6,700	11,000	11,000	13,200	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Common Stock	364	364	368	368	366	366	366	367	373	376	376	378	375	377	377	376	382	383	383	383	381	400	406	406	403	403	403	403	400	400	400	400	397	397	397	396	391	391	391	391	362	362	362	360	356	356	407	406	404	403	403	403	400	400	400	400	397	397	396	389	386	386	386	343	341	341	341	341	340	340	338	334	331	331	330	327	315	157	156	156	155	154	153	152	152	152	151	130	63	62	62	59	59	56	56	56	55	55	55	54	53	53	54	54	53	53	46	46	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Common Stock Shares Outstanding	36,947	37,078	37,191	37,121	37,009	36,946	36,962	37,527	37,993	38,229	38,377	38,339	38,412	38,405	38,169	38,817	39,137	39,079	38,889	38,849	39,575	40,855	41,164	41,140	41,073	42,011	42,781	42,808	42,667	42,608	42,533	42,363	42,214	42,192	42,145	41,948	41,696	41,656	41,598	41,308	38,905	38,865	38,758	38,440	38,308	35,761	33,104	32,634	32,634	32,417	32,638	32,260	32,260	32,297	32,287	32,197	31,940	31,718	31,055	30,808	30,808	30,690	29,594	26,313	26,313	26,249	26,232	26,543	26,165	26,490	27,362	27,876	26,974	29,217	28,897	28,184	26,300	27,288	27,682	28,104	26,468	27,674	27,494	27,366	26,082	28,478	25,028	23,900	22,249	23,852	23,572	23,091	20,525	22,722	22,904	23,272	21,204	24,096	24,080	24,236	21,700	24,272	24,400	24,312	21,224	23,584	18,916	18,685	18,685	13,333	26,667	23,924	23,924	13,333	23,986	23,986	23,986	13,333	13,333	13,333	13,016	13,016	12,857	12,973	13,162	13,162	12,929	13,867	13,643	13,643	13,333	12,991	13,333	13,333	12,920	12,912	11,667	11,667	11,667	11,667
Common Stock Total Equity	0	0	368	368	366	366	366	367	373	376	376	378	375	377	377	376	382	383	383	383	381	400	406	406	403	403	403	403	400	400	400	400	397	397	397	396	391	391	391	391	362	362	362	360	356	356	407	406	404	403	403	403	400	400	400	400	397	397	396	389	386	386	386	343	341	341	341	341	340	340	338	334	331	331	330	327	315	157	156	156	155	154	153	152	152	152	151	130	63	62	62	59	59	56	56	56	55	55	55	54	53	53	54	54	53	53	46	46	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Current Deferred Revenue	36,605	48,133	49,779	47,892	37,961	57,767	60,820	48,278	42,610	40,002	33,958	30,973	25,074	25,509	23,247	26,102	24,246	31,444	32,249	29,171	28,636	34,159	37,130	33,761	34,059	39,446	36,197	32,797	28,348	36,988	39,646	42,639	36,197	39,587	38,728	32,771	29,379	33,535	27,533	23,835	21,996	28,183	25,566	17,744	12,377	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	3,800	0	0	0	3,600	0	0	0	4,700	0	0	0	3,300	0	0	0	3,600	0	0	0	3,000	0	0	0	2,700	0	0	0	2,900	0	0	0	10,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	218,584	197,588	167,947	185,819	164,689	171,853	192,604	168,548	124,776	104,071	106,222	105,009	103,308	101,680	105,561	112,739	114,063	108,010	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	42,481	37,885	39,231	36,693	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	57,538	102,585	129,519	129,659	129,800	129,940	130,081	130,222	124,062	113,907	114,313	91,475	89,650	88,664	87,800	75,645	75,329	74,509	74,040	73,785	54,280	31,883	30,813	30,369	0	0	0	17,675	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	32,962	0	0	0	0	0	0	0	0	0	1,411	1,565	1,571	1,516	1,807	1,841	2,143	2,511	3,101	3,428	3,590	3,942	4,350	4,745	5,023	6,622	7,137	7,706	8,181	8,099	8,049	9,091	9,492	13,055	14,075	13,689	144,251	134,578	116,185	116,882	91,475	89,650	88,664	87,800	75,645	75,329	74,509	74,040	73,785	54,280	31,883	30,813	30,369	29,355	28,760	17,408	17,675	17,941	18,208	18,475	18,742	19,008	19,275	19,542	14,641	12,424	8,872	7,177	5,971	4,059	1,720	1,741	1,800	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	4,721,291	4,501,358	4,348,600	4,355,178	4,358,263	4,726,262	4,474,062	4,027,950	3,734,408	3,593,007	3,251,787	2,975,121	2,778,039	2,741,016	2,733,428	2,789,790	2,744,361	2,853,933	2,735,883	2,744,578	2,742,621	2,887,293	2,870,047	2,802,798	2,731,380	2,762,269	2,638,407	2,512,853	2,422,063	2,429,014	2,301,305	2,219,169	2,098,302	2,088,690	2,027,064	1,943,055	1,877,682	1,865,051	1,638,028	1,538,218	1,405,299	1,345,214	1,227,229	1,152,139	1,113,187	1,004,825	955,466	869,059	815,425	799,455	777,626	768,041	750,153	759,800	733,239	739,777	694,200	742,335	734,608	831,177	916,725	1,132,790	1,205,950	1,255,532	1,368,699	1,644,967	1,775,381	1,726,240	1,703,003	1,771,813	1,721,458	1,665,729	1,559,307	1,586,754	1,336,085	1,150,688	1,014,634	1,043,277	926,531	838,672	802,453	803,685	732,927	630,700	562,486	533,341	447,314	421,612	330,238	346,277	324,614	233,446	211,307	222,464	200,586	183,942	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	6,353,134	6,181,870	6,065,641	5,871,146	5,772,101	5,571,090	5,307,723	5,058,161	4,807,533	4,565,449	4,321,553	4,038,416	3,864,398	3,687,318	3,541,728	3,914,456	3,398,249	3,635,035	3,466,876	3,395,867	3,365,479	3,448,259	3,394,894	3,327,164	3,251,258	3,252,158	3,200,692	2,956,547	2,888,691	2,873,155	2,761,155	2,714,513	2,690,522	2,663,886	2,586,669	2,366,458	2,316,138	2,272,812	2,192,678	2,129,353	2,003,361	1,874,086	1,767,477	1,770,985	1,575,562	1,481,202	1,243,838	1,217,614	1,221,378	1,233,543	1,225,769	1,218,934	1,224,938	1,240,661	1,255,586	1,240,638	1,242,667	1,183,639	1,200,650	1,265,392	1,326,249	1,453,744	1,619,810	1,581,683	1,748,381	2,075,468	2,229,595	2,184,129	2,170,525	2,243,777	2,128,352	2,043,826	1,971,357	1,888,637	1,603,197	1,422,935	1,265,394	1,200,111	1,080,928	1,020,412	954,539	956,729	887,414	774,431	691,788	628,163	526,173	481,762	436,715	440,188	417,352	295,448	267,075	269,769	254,016	236,024	226,559	224,851	194,651	176,802	152,250	145,157	120,938	104,219	96,634	99,764	68,418	70,430	72,800	20,000	19,800	27,800	27,800	28,600	29,600	30,400	31,200	35,200	36,300	39,500	43,900	561,000	640,700	704,500	766,700	826,200	881,900	956,000	1,002,600	1,041,900	1,072,500	1,096,500	365,900	367,500	-	-	384,000	-	-	-
Long Term Debt	1,008,215	1,005,420	1,155,346	1,150,755	1,150,647	1,155,774	1,158,651	1,165,323	1,160,038	1,161,195	1,161,468	1,020,556	1,020,085	1,019,801	1,017,437	1,518,194	1,018,981	1,309,854	1,307,922	1,309,300	1,310,057	1,311,723	1,311,257	1,311,348	1,283,804	1,304,242	1,357,530	1,171,426	1,127,314	1,139,815	1,114,035	1,119,393	1,127,785	1,145,958	1,138,856	965,750	935,208	904,629	904,771	904,913	905,055	798,337	798,215	881,219	722,797	722,675	596,054	606,567	606,409	606,252	606,095	605,937	605,780	605,623	605,466	605,051	605,009	604,968	604,926	622,421	628,968	629,718	634,976	645,781	723,517	883,927	903,330	810,364	705,312	788,010	721,566	648,413	555,922	671,782	561,502	528,524	423,948	516,727	466,935	381,721	350,891	383,810	371,875	318,075	263,119	204,235	156,286	210,199	158,718	186,082	198,469	116,928	66,566	106,567	101,754	100,078	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Debt Total	0	1,005,420	1,155,346	1,150,755	1,150,647	1,155,774	1,158,651	1,165,323	1,160,038	1,161,195	1,161,468	1,020,556	1,020,085	1,019,801	1,017,437	1,518,194	1,018,981	1,309,854	1,307,922	1,309,300	1,310,057	1,311,723	1,311,257	1,311,348	1,283,804	1,304,242	1,357,530	1,171,426	1,127,314	1,139,815	1,114,035	1,119,393	1,127,785	1,145,958	1,138,856	965,750	935,208	904,629	904,771	904,913	905,055	798,337	798,215	881,219	722,797	722,675	596,054	606,567	606,409	606,252	606,095	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,170	15,062	12,451	11,280	11,753	11,356	11,223	5,631	5,764	3,905	3,943	4,001	4,350	3,819	3,646	3,279	4,443	7,908	7,555	15,661	17,480	16,294	16,600	16,441	17,100	16,400	16,678	16,900	17,100	11,800	11,188	10,592	11,370	10,374	10,303	10,271	10,780	19,757	69,847	87,454	101,325	103,508	102,686	99,850	98,159	78,557	115,933	185,344	158,517	199,779	210,154	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Net Debt	141,028	-43,335	-7,897	193,545	289,086	856,387	886,504	644,928	541,703	598,904	477,094	304,123	274,464	409,822	532,815	720,873	699,515	855,042	900,495	981,801	998,591	1,105,961	1,141,831	1,138,796	1,113,058	1,189,075	1,140,791	1,085,737	995,612	1,031,900	985,864	947,218	865,577	910,549	921,835	876,505	831,875	820,524	674,141	643,957	630,919	620,753	580,196	556,198	552,340	417,626	514,228	515,964	432,797	449,148	438,527	502,429	501,827	460,299	448,797	362,371	355,678	258,017	219,616	278,022	423,045	510,691	519,823	619,641	702,198	838,630	851,652	771,445	676,566	712,574	674,101	606,751	526,312	631,597	527,398	483,696	423,539	453,328	422,804	370,031	346,692	376,900	345,320	296,113	258,327	197,484	141,805	209,926	174,178	184,626	194,390	110,569	81,755	104,989	92,295	94,693	72,515	91,898	65,582	56,562	24,818	39,432	28,097	24,577	14,647	30,666	16,576	22,882	14,900	-3,500	-1,900	4,500	7,800	6,700	-400	6,100	5,100	1,900	3,400	3,300	19,900	513,700	585,800	643,300	699,300	204,700	215,700	235,300	911,400	941,900	973,100	996,100	263,900	268,900	-	-	234,800	-	-	-
Net Invested Capital	5,620,115	5,426,462	5,403,641	5,217,965	5,100,258	4,837,584	4,571,120	4,333,638	4,204,427	3,986,465	3,789,612	3,497,249	3,367,953	3,219,650	3,102,038	3,508,960	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	266,972	228,852	210,068	209,315	215,019	193,307	171,408	155,380	147,548	148,743	131,104	102,860	98,573	96,702	93,872	82,170	88,492	85,962	82,057	79,990	77,285	79,573	78,395	74,380	79,317	78,933	73,109	86,232	70,355	76,371	68,837	60,491	57,296	59,617	64,659	61,515	56,763	56,178	50,695	54,165	38,983	35,711	30,246	23,885	20,290	16,681	15,778	14,884	14,932	19,617	16,080	19,516	20,835	20,782	37,282	23,486	115,443	29,188	28,010	30,876	142,554	98,425	73,707	71,960	123,503	93,573	73,201	68,777	68,725	74,104	59,664	54,637	60,745	19,424	18,186	12,512	15,974	7,776	9,014	9,638	8,716	7,961	9,560	5,424	8,894	4,794	6,992	4,682	5,508	4,377	9,756	2,673	2,179	1,619	1,544	3,463	1,643	2,004	1,774	2,256	2,461	1,605	1,153	1,155	986	1,187	1,572	2,304	0	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 Tangible Assets	0	4,388,080	4,248,295	4,067,210	3,949,611	3,681,810	3,412,469	3,168,315	3,044,389	2,825,270	2,628,144	2,476,693	2,347,868	2,199,849	2,084,601	1,990,766	1,973,990	1,873,566	1,798,100	1,743,071	1,720,755	1,712,484	1,682,940	1,625,332	1,576,825	1,539,108	1,492,439	1,448,365	1,421,495	1,367,405	1,326,803	1,284,309	1,258,937	1,202,669	1,168,338	1,135,288	1,109,489	1,056,697	1,020,319	982,594	841,392	792,326	750,681	711,637	694,210	596,067	495,247	485,301	487,341	496,193	496,990	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,379,235	615,700	5,298,842	4,934,363	5,004,418	4,745,731	4,478,795	4,299,111	4,119,850	3,947,117	3,569,282	309,099	372,823	3,005,538	2,895,479	3,289,887	53,581	134,802	2,910,833	2,853,398	2,848,115	2,831,145	2,801,029	2,746,763	2,685,737	2,650,876	2,660,771	2,435,033	2,369,794	2,369,460	2,269,440	2,233,015	2,201,845	2,159,983	2,121,354	1,920,317	1,865,625	1,778,410	1,714,945	1,666,207	1,513,388	1,351,247	1,321,890	1,373,175	1,198,668	241,073	69,339	167,490	230,920	247,244	272,256	299,267	322,077	304,889	325,519	313,223	373,289	278,324	272,091	253,082	207,765	37,492	-5,678	-105,506	-87,562	-126,426	-151,697	-169,059	-238,836	-204,186	-251,758	-313,115	-303,539	-290,476	-231,801	-155,000	-149,539	-169,496	-117,911	-116,306	-134,633	-121,179	-74,879	-81,505	-77,968	-123,977	-43,083	-78,888	-75,728	-87,284	-56,569	-47,306	-59,600	-57,215	-48,565	-50,627	-58,990	-106,552	-50,123	-39,859	-30,145	-49,314	-11,612	-20,016	-21,710	-8,578	1,490	-932	0	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 Assets Total	332,280	4,810,762	104,799	283,602	95,840	91,853	99,535	92,456	91,787	79,350	179,891	3,154,768	182,631	176,654	2,915,402	2,980,798	2,939,390	3,048,618	195,189	198,973	182,697	225,738	228,146	224,895	209,870	228,242	197,687	193,247	179,015	136,328	171,398	170,687	184,877	188,644	185,840	180,721	183,371	187,215	214,444	221,348	233,348	239,762	227,006	219,681	218,339	1,077,669	1,023,373	925,943	873,259	856,717	832,636	811,696	791,461	800,036	776,203	782,505	735,846	788,896	787,330	890,117	961,728	1,217,914	1,411,528	1,461,765	1,573,473	1,915,524	2,082,972	2,053,769	2,025,235	2,063,233	1,994,432	1,947,527	1,844,800	1,829,028	1,550,907	1,365,595	1,201,544	1,172,995	1,060,179	999,084	941,024	941,858	851,299	747,045	676,294	616,618	504,700	476,807	427,824	434,355	403,517	286,416	260,499	266,572	243,013	227,177	211,494	219,011	185,793	167,164	137,403	137,817	114,565	97,393	87,402	93,733	59,584	60,842	72,800	20,000	19,800	27,800	27,800	28,600	29,600	30,400	31,200	35,200	36,300	39,500	43,900	561,000	640,700	704,500	766,700	826,200	881,900	956,000	1,002,600	1,041,900	1,072,500	1,096,500	365,900	367,500	-	-	384,000	-	-	-
Non Current Liabilities Other	0	0	49,779	47,892	37,961	57,767	7,210	55,488	7,210	40,002	33,958	30,973	25,074	25,509	23,247	26,102	24,246	31,444	32,249	0	0	32,676	34,978	34,978	34,978	35,768	8,489	8,489	0	0	0	0	0	0	0	0	4,299	4,299	4,299	48	289	346	0	0	0	0	216	952	0	1,298	1,298	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,099,615	1,005,420	1,155,346	1,150,755	1,150,647	1,155,774	1,165,861	1,172,533	1,167,248	1,161,195	1,161,468	1,020,556	1,020,085	1,019,801	1,017,437	1,518,194	1,018,981	1,309,854	1,307,922	1,309,300	1,310,057	1,344,399	1,346,235	1,346,326	1,318,782	1,340,010	1,366,019	1,179,915	1,127,314	1,138,383	1,114,035	1,119,393	1,127,785	1,145,958	1,138,856	965,750	939,507	908,928	909,070	904,961	905,344	798,683	798,215	881,219	722,797	722,675	596,054	606,567	615,267	606,252	606,095	614,396	613,543	605,623	605,466	605,051	623,710	626,661	604,926	629,660	642,287	650,515	659,056	669,425	755,747	936,200	962,338	861,649	779,567	864,166	808,936	742,872	690,256	776,630	630,447	590,000	529,250	535,074	494,830	441,910	394,496	437,396	426,107	337,562	281,018	183,798	174,796	208,024	175,509	187,013	204,443	110,403	79,800	102,964	92,749	81,894	62,094	28,272	55,716	52,396	34,867	24,376	43,444	24,919	19,327	46,273	31,536	32,502	45,900	1,000	1,100	9,400	9,400	10,100	11,200	12,300	13,600	14,200	15,700	17,800	21,500	529,400	605,000	660,700	712,000	768,400	808,500	877,800	924,600	955,500	986,800	1,011,200	279,700	274,200	-	-	298,600	-	-	-
Non Currrent Assets Other	218,584	4,501,358	-167,947	251,660	-164,689	-171,853	-184,593	-160,537	-116,765	-104,071	106,222	2,975,121	2,881,347	101,680	2,733,428	2,789,790	2,744,361	2,853,933	75,345	70,613	51,194	86,437	90,129	90,462	91,047	89,952	60,137	56,774	42,434	91,053	34,399	33,600	47,428	44,055	43,183	38,951	43,089	36,979	4,999	48	289	481	51,740	40,393	42,206	60,836	46,844	46,520	830,633	47,877	45,469	768,041	750,153	44,032	50,187	46,259	19,163	23,897	62,785	58,305	934,013	1,153,578	1,227,379	1,277,413	1,395,262	1,702,354	1,871,261	1,845,508	1,817,253	1,879,962	259,956	1,761,946	1,664,310	248,422	211,052	207,364	215,109	199,502	194,797	159,767	162,495	149,292	131,431	112,145	100,831	77,521	59,091	57,592	54,938	47,813	42,394	30,020	26,257	20,770	18,904	19,954	17,001	15,247	13,140	10,334	8,502	7,165	5,443	5,547	5,026	8,348	5,975	6,313	71,000	20,000	19,800	27,800	27,800	28,600	29,600	30,400	31,200	35,200	36,300	39,500	43,900	561,000	640,700	704,500	766,700	826,200	881,900	956,000	1,002,600	1,041,900	1,072,500	1,096,500	365,900	367,500	-	-	384,000	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Assets	4,849,825	4,609,921	4,432,035	44,801	4,434,992	4,814,690	4,580,040	4,129,393	3,833,098	4,237,190	3,637,179	33,329	2,976,536	28,425	26,468	25,810	29,217	25,656	25,170	25,939	30,065	36,674	36,294	136,270	137,375	156,369	155,080	150,560	145,813	134,819	137,389	136,143	150,907	154,241	152,099	146,895	145,969	150,237	180,617	194,574	210,960	220,591	209,993	203,329	202,621	112,298	142,946	202,078	176,564	218,190	227,634	303,424	326,051	290,743	298,190	203,141	152,094	29,107	33,505	37,925	38,355	77,124	196,068	199,023	197,529	254,488	289,680	309,253	301,375	282,008	258,126	239,987	249,254	208,236	182,217	183,821	159,168	145,694	138,549	134,704	114,902	113,652	102,201	101,464	99,801	70,746	47,458	45,228	87,919	79,129	71,756	47,954	44,475	39,381	37,946	39,145	0	0	0	0	0	0	0	0	0	0	0	0	-15,600	-3,500	-1,900	-3,300	0	-2,100	-10,200	-4,700	-6,700	-11,000	-11,000	-13,200	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Current Assets	111,364	-4,407,857	238,931	65,841	241,418	248,925	279,348	256,349	84,915	182,058	74,397	64,355	-2,718,505	62,967	47,832	-2,735,623	-2,693,460	-2,808,290	75,345	70,613	51,194	49,875	51,265	51,598	52,183	50,159	50,150	46,787	42,434	32,474	34,399	33,600	47,428	44,055	43,183	38,951	38,090	31,980	58,881	54,666	51,595	40,904	43,265	38,938	38,938	15,254	19,108	12,229	12,146	11,109	10,270	10,270	9,344	8,948	14,766	16,244	16,348	18,604	0	0	16,044	18,378	19,422	21,818	23,728	21,074	21,744	22,664	19,855	31,004	26,791	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	279,324	360,752	336,098	341,634	360,615	353,512	326,856	388,921	337,277	248,686	203,563	284,094	267,867	244,632	218,026	-283,666	191,777	206,954	153,184	162,569	177,862	200,445	173,770	181,188	181,076	168,102	166,080	98,666	155,852	157,119	154,643	145,883	161,163	161,803	137,602	141,175	154,144	168,584	151,796	141,771	166,611	178,247	124,353	100,102	96,377	110,391	97,510	84,967	79,464	90,679	89,575	80,309	87,811	106,235	118,687	108,334	103,236	86,463	98,298	101,036	125,101	150,153	162,514	178,741	202,790	206,729	213,066	206,904	266,683	265,242	253,465	268,643	289,307	211,012	138,073	120,060	135,590	89,819	63,032	61,181	67,411	70,836	51,615	52,935	41,329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-14,700	-15,000	-19,200	-22,000	-25,500	-27,800	-29,000	-20,600	-	-	-	-	-	-	-
Other Liab	0	48,133	0	47,892	37,961	57,767	68,030	55,488	49,820	40,002	33,958	30,973	25,074	25,509	23,247	26,102	24,246	31,444	32,249	29,171	28,636	66,835	72,108	68,739	69,037	75,214	44,686	41,286	28,348	36,988	39,646	42,639	36,197	39,587	38,728	32,771	33,678	37,834	31,832	23,883	22,285	28,529	25,566	17,744	12,377	14,027	12,962	12,192	8,858	11,331	8,898	8,459	7,763	11,866	14,967	14,451	18,701	21,693	17,430	15,484	13,319	20,797	24,080	23,644	25,872	52,273	59,008	51,285	46,291	57,281	68,075	74,229	77,267	82,028	67,427	59,959	56,317	62,406	60,291	60,189	43,005	124,422	105,847	72,422	16,091	19,770	18,510	16,745	13,538	15,929	15,308	13,121	10,917	12,561	12,316	10,101	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Stockholder Equity	290,955	289,109	328,277	324,101	327,878	322,442	315,590	321,519	414,841	433,179	436,805	452,741	552,634	460,268	454,138	450,982	597,955	508,541	502,884	498,683	585,150	568,976	593,561	589,791	641,741	582,414	578,295	575,801	620,359	570,223	566,508	563,892	598,990	556,121	552,098	548,182	572,872	535,204	531,403	528,757	443,977	409,984	406,530	395,631	418,796	387,234	294,558	292,772	323,866	287,090	284,943	283,275	318,447	278,459	276,632	275,219	311,530	271,050	267,202	252,651	293,666	280,102	277,992	194,607	192,634	186,529	184,016	181,564	177,490	165,363	163,761	198,623	237,826	238,121	235,112	226,290	152,457	150,193	164,912	182,978	180,925	175,542	175,101	174,344	179,447	191,578	191,994	110,027	105,352	101,096	98,430	97,129	96,910	94,136	99,952	101,480	102,007	103,007	102,837	102,340	102,182	99,130	98,780	98,426	97,785	96,839	92,580	92,407	92,200	42,200	42,200	42,200	42,200	42,500	42,500	42,500	42,500	42,700	61,600	62,700	42,700	-52,400	-48,300	-40,200	83,800	83,800	84,100	84,100	84,000	84,000	83,800	83,800	83,500	83,400	-	-	83,400	-	-	-
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	122,725	0	0	0	123,256	0	0	0	0	0	36,224	37,308	38,933	42,730	46,299	49,180	50,606	53,111	54,157	53,798	54,596	53,371	52,122	49,761	33,631	32,080	32,620	32,700	33,202	33,983	34,009	34,544	33,970	34,403	33,741	33,826	32,403	31,979	28,828	26,726	22,099	18,690	17,013	16,352	15,718	14,112	13,955	13,733	13,491	14,750	14,781	14,175	14,602	15,064	729,688	740,032	690,288	735,892	729,346	793,887	22,692	26,378	28,932	29,028	30,973	37,143	39,655	40,940	40,712	40,416	1,590,461	41,811	36,239	1,446,028	1,223,670	1,041,349	894,960	882,400	775,275	722,083	701,680	693,016	627,489	558,159	498,977	482,299	409,307	385,293	339,905	355,226	331,761	238,462	216,024	227,191	205,067	188,031	175,053	184,184	150,996	131,568	107,325	107,857	89,846	74,266	66,001	70,922	45,107	46,004	0	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 Net	48,953	50,822	47,312	41,702	38,635	39,437	39,030	38,299	37,340	36,595	36,224	37,308	38,933	42,730	46,299	49,180	50,606	53,111	54,157	53,798	54,596	53,371	52,122	49,761	33,631	32,080	32,620	32,700	33,202	33,983	34,009	34,544	33,970	34,403	33,741	33,826	32,403	31,979	28,828	26,726	22,099	18,690	17,013	16,352	15,718	1,004,825	955,233	868,034	13,491	798,057	776,228	14,175	14,602	744,808	714,248	724,722	690,288	718,438	710,129	793,887	22,692	26,378	28,932	29,028	30,973	37,143	39,655	40,940	40,712	40,416	1,590,461	41,811	36,239	1,446,028	1,223,670	1,041,349	894,960	882,400	775,275	722,083	701,680	693,016	627,489	558,159	498,977	482,299	409,307	385,293	339,905	355,226	331,761	238,462	216,024	227,191	205,067	188,031	175,053	184,184	150,996	131,568	107,325	107,857	89,846	74,266	66,001	70,922	45,107	46,004	0	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 Equipment	0	50,822	47,312	41,702	38,635	39,437	39,030	38,299	37,340	36,595	36,224	37,308	38,933	42,730	46,299	49,180	50,606	53,111	54,157	53,798	54,596	53,371	52,122	49,761	33,631	32,080	32,620	32,700	33,202	33,983	34,009	34,544	33,970	34,403	33,741	33,826	32,403	31,979	28,828	26,726	22,099	18,690	17,013	16,352	15,718	14,112	13,955	13,733	13,491	14,750	14,781	14,175	14,602	15,064	15,440	15,310	15,251	17,454	19,217	21,015	22,692	26,378	28,932	29,028	30,973	37,143	39,655	40,940	40,712	40,416	41,639	41,811	36,239	34,038	32,605	31,086	27,742	28,083	27,495	25,708	23,669	24,521	16,171	14,881	14,007	12,531	9,928	9,967	9,667	8,949	7,147	5,016	4,717	4,727	4,481	4,089	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	-	-	-	-	-	-	-
Retained Earnings	4,320,581	4,131,569	3,919,650	3,742,741	3,621,367	3,359,002	3,096,513	2,846,429	2,629,175	2,391,715	2,190,963	2,023,574	1,891,731	1,739,204	1,630,086	1,539,408	1,468,256	1,364,642	1,294,833	1,244,005	1,218,593	1,143,108	1,088,973	1,035,135	991,844	956,291	913,741	872,161	848,589	796,782	759,895	720,017	699,048	646,151	615,843	586,710	570,310	521,102	488,525	453,446	428,069	381,980	343,789	315,646	303,605	208,477	201,693	193,688	198,442	210,216	213,451	212,889	219,548	220,443	219,224	215,058	212,398	169,112	186,897	260,499	278,854	358,003	502,016	525,484	570,789	699,628	818,180	874,756	862,602	853,578	794,039	716,983	637,248	535,270	465,017	405,778	381,583	329,771	294,170	269,534	242,615	211,050	185,294	163,982	148,209	124,213	101,776	86,838	78,272	64,300	49,413	36,919	29,530	15,704	5,195	-3,378	-8,149	-16,201	-20,228	-24,769	-27,094	-34,681	-38,949	-45,645	-51,097	-58,009	-63,088	-65,046	-65,300	-23,200	-23,500	-23,800	-23,800	-24,000	-24,100	-24,400	-24,900	-21,700	-41,000	-41,000	-20,300	84,000	84,000	84,000	-29,100	-26,000	-10,700	-5,900	-6,000	2,400	1,900	1,500	2,700	9,900	-	-	2,000	-	-	-
Retained Earnings Total Equity	0	0	3,919,650	3,742,741	3,621,367	3,359,002	3,096,513	2,846,429	2,629,175	2,391,715	2,190,963	2,023,574	1,891,731	1,739,204	1,630,086	1,539,408	1,468,256	1,364,642	1,294,833	1,244,005	1,218,593	1,143,108	1,088,973	1,035,135	991,844	956,291	913,741	872,161	848,589	796,782	759,895	720,017	699,048	646,151	615,843	586,710	570,310	521,102	488,525	453,446	428,069	381,980	343,789	315,646	303,605	208,477	201,693	193,688	198,442	210,216	213,451	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	300,000	300,000	16,021	300,284	0	0	5,377	0	1,311,257	1,311,348	15,248	1,304,242	1,357,530	1,171,426	1,127,314	0	0	0	1,117,040	0	0	0	935,208	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,062,255	1,005,420	1,155,346	1,150,755	1,150,647	1,155,774	1,158,651	1,165,323	1,160,038	1,161,195	1,161,468	1,020,556	1,020,085	1,019,801	1,017,437	1,518,194	1,018,981	1,309,854	1,307,922	1,309,300	1,310,057	1,311,723	1,311,257	1,311,348	1,283,804	1,304,242	1,357,530	1,171,426	1,127,314	1,139,815	1,114,035	1,119,393	1,127,785	1,145,958	1,138,856	965,750	935,208	904,629	904,771	904,913	905,055	798,337	798,215	881,219	722,797	722,675	596,054	606,567	606,409	606,252	606,095	605,937	605,780	605,623	605,466	605,051	605,009	604,968	604,926	622,421	628,968	629,718	634,976	645,781	729,875	883,927	903,330	810,364	733,276	788,010	721,566	648,413	592,124	671,782	561,502	528,524	471,415	472,668	434,539	381,721	351,491	383,810	371,875	318,075	264,927	204,235	156,286	210,199	177,561	186,082	198,469	116,928	86,152	106,567	101,753	100,078	85,937	95,734	72,666	63,943	37,205	45,168	33,317	30,248	22,892	35,510	23,839	29,846	30,500	0	0	7,800	7,800	8,800	9,800	10,800	11,800	12,900	14,400	16,500	19,900	513,700	585,800	643,300	699,300	204,700	215,700	235,300	911,400	941,900	973,100	996,100	263,900	268,900	-	-	234,800	-	-	-
Short Term Debt	54,040	52,340	0	0	0	0	0	0	0	75,721	79,199	26,433	28,254	29,739	31,182	500,000	34,231	33,148	34,227	27,194	5,377	0	1,311,257	1,311,348	15,248	25,000	1,357,530	60,000	15,000	25,000	0	0	1,117,040	0	0	0	935,208	0	0	0	0	0	0	0	-108,754	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,207	0	18,920	15,590	14,998	9,334	19,646	17,269	16,164	21,321	28,285	32,104	78,560	29,063	22,957	10,925	33,600	0	14,896	9,770	0	0	4,053	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14,700	15,000	19,200	22,000	25,500	27,800	29,000	20,600	-	-	-	-	-	-	-
Short Term Investments	0	0	0	0	11,753	11,356	11,223	5,631	5,764	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,904	43,265	38,938	38,938	66,549	103,753	173,955	147,429	188,996	199,215	273,944	299,345	265,571	270,666	175,723	125,699	18,604	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	320	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Total Assets	6,353,134	6,181,870	6,065,641	5,871,146	5,772,101	5,571,090	5,307,723	5,058,161	4,807,533	4,565,449	4,321,553	4,038,416	3,864,398	3,687,318	3,541,728	3,914,456	3,398,249	3,635,035	3,466,876	3,395,867	3,365,479	3,448,259	3,394,894	3,327,164	3,251,258	3,252,158	3,200,692	2,956,547	2,888,691	2,873,155	2,761,155	2,714,513	2,690,522	2,663,886	2,586,669	2,366,458	2,316,138	2,272,812	2,192,678	2,129,353	2,003,361	1,874,086	1,767,477	1,770,985	1,575,562	1,481,202	1,243,838	1,217,614	1,221,378	1,233,543	1,225,769	1,218,934	1,224,938	1,240,661	1,255,586	1,240,638	1,242,667	1,183,639	1,200,650	1,265,392	1,326,249	1,453,744	1,619,810	1,581,683	1,748,381	2,075,468	2,229,595	2,184,129	2,170,525	2,243,777	2,128,352	2,043,826	1,971,357	1,888,637	1,603,197	1,422,935	1,265,394	1,200,111	1,080,928	1,020,412	954,539	956,729	887,414	774,431	691,788	628,163	526,173	481,762	436,715	440,188	417,352	295,448	267,075	269,769	254,016	236,024	226,559	224,851	194,651	176,802	152,250	145,157	120,938	104,219	96,634	99,764	68,418	70,430	72,800	20,000	19,800	27,800	27,800	28,600	29,600	30,400	31,200	35,200	36,300	39,500	43,900	561,000	640,700	704,500	766,700	826,200	881,900	956,000	1,002,600	1,041,900	1,072,500	1,096,500	365,900	367,500	-	-	384,000	-	-	-
Total Current Assets	6,020,854	1,371,108	5,960,842	5,587,544	5,676,261	5,479,237	5,208,188	4,965,705	4,715,746	4,486,099	4,141,662	883,648	3,681,767	3,510,664	626,326	933,658	458,859	586,417	3,271,687	3,196,894	3,182,782	3,222,521	3,166,748	3,102,269	3,041,388	3,023,916	3,003,005	2,763,300	2,709,676	2,736,827	2,589,757	2,543,826	2,505,645	2,475,242	2,400,829	2,185,737	2,132,767	2,085,597	1,978,234	1,908,005	1,770,013	1,634,324	1,540,471	1,551,304	1,357,223	403,533	220,465	291,671	348,119	376,826	393,133	407,238	433,477	440,625	479,383	458,133	506,821	394,743	413,320	375,275	364,521	235,830	208,282	119,918	174,908	159,944	146,623	130,360	145,290	180,544	133,920	96,299	126,557	59,609	52,290	57,340	63,850	27,116	20,749	21,328	13,515	14,871	36,115	27,386	15,494	11,545	21,473	4,955	8,891	5,833	13,835	9,032	6,576	3,197	11,002	8,848	15,065	5,840	8,858	9,638	14,848	7,341	6,373	6,826	9,231	6,031	8,834	9,588	15,600	3,500	1,900	3,300	0	2,100	10,200	4,700	6,700	11,000	11,000	13,200	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Total Current Liabilities	641,619	755,408	662,000	653,181	671,843	733,506	729,393	717,313	595,896	578,984	531,941	541,167	496,445	467,668	439,690	405,496	405,278	451,615	360,854	343,496	334,667	391,376	365,719	355,506	355,651	373,040	342,234	328,267	339,882	367,367	320,317	310,811	303,800	315,259	279,475	265,420	267,142	307,187	263,289	241,798	256,625	283,077	218,581	178,129	158,555	162,460	151,126	124,181	117,199	129,582	120,877	107,971	111,400	135,736	153,864	144,910	133,532	116,419	141,229	122,193	156,756	198,338	213,960	225,424	262,470	286,370	298,320	299,419	384,126	384,730	385,678	409,414	430,096	350,085	284,091	212,340	213,389	196,612	138,660	137,634	148,148	136,050	110,994	108,891	93,462	135,522	64,556	83,843	84,619	93,117	70,404	56,338	66,176	60,412	59,567	59,475	74,055	112,392	58,981	49,497	44,993	56,654	17,985	26,841	30,941	14,608	7,344	10,521	0	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 Liab	1,741,234	1,760,828	1,817,346	1,803,936	1,822,490	1,889,280	1,895,254	1,889,846	1,763,144	1,740,179	1,693,409	1,561,723	1,516,530	1,487,469	1,457,127	1,923,690	1,424,259	1,761,469	1,668,776	1,652,796	1,644,724	1,735,775	1,711,954	1,701,832	1,674,433	1,713,050	1,708,253	1,508,182	1,467,196	1,505,750	1,434,352	1,430,204	1,431,585	1,461,217	1,418,331	1,231,170	1,206,649	1,216,115	1,172,359	1,146,759	1,161,969	1,081,760	1,016,796	1,059,348	881,352	885,135	747,180	730,748	732,466	735,834	726,972	722,367	724,943	741,359	759,330	749,961	757,242	743,080	746,155	751,853	799,043	848,853	873,016	894,849	1,018,217	1,222,570	1,260,658	1,161,068	1,163,693	1,248,896	1,194,614	1,152,286	1,120,352	1,126,715	914,538	802,340	742,639	731,686	633,490	579,544	542,644	573,446	537,101	446,453	374,480	319,320	239,352	291,867	260,128	280,130	274,847	166,741	145,976	163,376	152,316	141,369	136,148	140,664	114,697	101,893	79,860	81,031	61,429	51,760	50,268	60,881	38,880	43,023	45,900	1,000	1,100	9,400	9,400	10,100	11,200	12,300	13,600	14,200	15,700	17,800	21,500	529,400	605,000	660,700	712,000	768,400	808,500	877,800	924,600	955,500	986,800	1,011,200	279,700	274,200	-	-	298,600	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Total Stockholder Equity	4,611,900	4,421,042	4,248,295	4,067,210	3,949,611	3,681,810	3,412,469	3,168,315	3,044,389	2,825,270	2,628,144	2,476,693	2,347,868	2,199,849	2,084,601	1,990,766	1,973,990	1,873,566	1,798,100	1,743,071	1,720,755	1,712,484	1,682,940	1,625,332	1,576,825	1,539,108	1,492,439	1,448,365	1,421,495	1,367,405	1,326,803	1,284,309	1,258,937	1,202,669	1,168,338	1,135,288	1,109,489	1,056,697	1,020,319	982,594	841,392	792,326	750,681	711,637	694,210	596,067	496,658	486,866	488,912	497,709	498,797	496,567	499,995	499,302	496,256	490,677	485,425	440,559	454,495	513,539	527,206	604,891	746,794	686,834	730,164	852,898	968,937	1,023,061	1,006,832	994,881	933,738	891,540	851,005	761,922	688,659	620,595	522,555	468,321	447,438	440,868	411,895	376,246	350,048	327,978	317,308	308,843	286,821	189,895	176,587	160,058	142,505	128,707	121,099	106,393	101,700	94,655	90,411	83,999	79,801	74,764	72,279	64,126	59,509	52,459	46,365	38,882	29,538	27,407	26,900	19,000	18,700	18,400	18,400	18,500	18,400	18,100	17,600	21,000	20,600	21,700	22,400	31,600	35,700	43,800	54,700	57,800	73,400	78,200	78,000	86,400	85,700	85,300	86,200	93,300	-	-	85,400	-	-	-
Treasury 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	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,773	-188,765	-188,765	-188,765	-188,762	-188,762	-188,762	-188,762	-188,762	-188,762	-184,866	-132,676	-83,378	-68,971	-68,971	-68,971	-68,973	-68,971	-53,406	-33,553	-33,553	-33,552	-33,552	-33,553	-28,373	-12,280	-11,223	-11,223	-11,223	-11,223	-11,016	-11,016	-11,016	-10,410	-4,537	-2,487	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Begin Period Cash Flow	861,561	618,335	745,621	319,466	311,466	170,746	131,702	262,208	103,333	274,136	170,457	173,612	103,953	249,331	205,923	27,677	56,710	65,812	47,876	4,799	6,600	3,383	4,397	13,422	12,387	8,245	15,568	3,300	6,700	16,200	14,200	6,800	4,500	6,300
Capital Expenditures	38,192	26,971	25,664	19,932	24,385	33,415	18,096	16,662	16,092	20,788	15,783	10,863	7,082	6,389	3,609	9,693	13,349	25,850	25,279	15,113	17,133	8,285	7,270	3,017	2,935	1,569	174	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	243,226	-127,286	426,155	8,000	140,720	39,044	-130,506	158,875	-170,803	103,679	-3,155	69,659	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	5,814	-14,410	-8,649	-3,937	9,703	41,042	2,337	6,316	-77,732	-52,357	-13,330	7,193	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	59,666	243,226	-127,286	426,155	8,000	140,720	39,044	-130,506	158,875	-170,803	103,679	-3,155	69,659	-145,378	43,408	178,246	-29,033	-9,102	17,936	43,077	-1,801	3,217	-1,014	-9,025	1,035	4,141	-7,323	12,300	-3,400	-9,600	2,100	7,300	2,200	-1,800
Change In Working Capital	-436,464	-644,673	-951,421	42,334	33,226	-22,183	-284,061	-291,074	-171,473	-386,357	-241,346	-298,361	-69,002	13,476	120,041	65,873	-183,777	-299,700	-207,909	-92,823	53,130	-3,563	-294	11,127	10,251	6,772	5,698	500	200	-200	-300	100	-2,000	600
Change Receivables	0	-102,950	-65,114	2,130	-9,112	3,042	-17,775	-17,513	-7,083	0	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	-64,169	-102,950	-65,114	-88,942	-42,654	3,042	-17,775	-17,513	-7,083	-25,032	-18,429	-6,301	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	-357,408	-624,522	-948,055	-40,089	3,621	-19,426	-301,477	-311,426	-209,407	-338,594	-281,944	-299,185	-89,659	0	108,628	211,404	41,812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	76,985	93,694	88,942	42,654	-18,243	13,836	35,528	38,701	19,547	96,001	32,904	7,503	0	0	0	0	0	208,968	63,169	54,686	10,291	13,232	12,368	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	33,003	35,640	33,499	36,008	32,826	17,283	22,153	25,159	31,676	17,626	-54,235	14,755	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	10,463	-31,946	-9,477	453	12,444	21,355	2,337	13,134	-37,419	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	25,334	24,748	26,245	31,052	27,923	26,966	16,704	15,978	14,241	11,614	9,934	8,196	7,178	7,974	8,843	15,669	17,818	23,729	17,207	13,233	8,536	6,780	5,741	3,407	2,528	1,637	432	0	0	0	0	0	0	0
Dividends Paid	39,534	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,211,700	2,078,979	1,432,962	0	0	0	0	0	194	300	200	300	0	7,900	22,900	4,800
End Period Cash Flow	921,227	861,561	618,335	745,621	319,466	311,466	170,746	131,702	262,208	103,333	274,136	170,457	173,612	103,953	249,331	205,923	27,677	56,710	65,812	47,876	4,799	6,600	3,383	4,397	13,422	12,387	8,245	15,600	3,300	6,600	16,300	14,100	6,700	4,500
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
Free Cash Flow	317,380	378,299	-177,756	510,428	322,435	228,785	-105,228	-120,064	-19,427	-232,036	-102,059	-231,350	-81,218	26,162	180,465	190,136	-33,962	-47,814	46,964	45,058	-74,027	-14,121	-27,117	3,235	-39,322	-6,765	6,502	2,400	1,300	-1,000	-3,500	18,700	12,700	12,600
Investments	-42,106	-32,286	-1,708	995	10,437	-211	668	-3,644	-481	88,336	-3,607	60,971	151,002	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
Net Borrowings	0	-20,455	118,721	-16,379	-309,296	12,047	143,248	-6,274	173,768	-10,447	178,877	102,108	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	738,748	992,192	737,444	423,475	249,663	227,332	143,255	149,541	128,738	142,241	124,464	105,163	-21,106	7,150	-66,456	-291,935	-288,851	225,354	255,665	138,968	94,406	69,937	50,659	35,762	18,945	24,003	14,237	300	1,100	-4,500	-25,900	-19,100	8,000	10,800
Other Cashflows From Financing Activities	-150,884	-129,758	443,898	-85,971	-13,489	202,802	280,909	14,276	201,923	3,339	291,746	421,455	141,182	194,129	4,753	-81,081	-635	162,431	6,554,225	4,253,969	2,952,872	86,296	89,519	215	48,732	9,922	-24,996	-7,800	-4,000	-8,200	-11,100	-229,800	-97,600	-27,900
Other Cashflows From Investing Activities	0	-5,315	-1,157	703	459	99	356	200	86	-130,415	20,421	-26,264	-2,738	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	4,115	10,670	-2,911	14,406	9,273	15,656	5,227	7,456	11,421	11,340	19,855	34,170	-21,106	3,454	-9,390	286,153	537,526	66,092	13,245	184	-214,463	-78,901	-73,884	-44,200	-74,348	-42,577	-13,692	1,600	0	3,700	22,700	37,700	6,700	1,200
Sale Purchase Of Stock	-59,067	-109,303	-60,992	-69,592	-16,035	-100,000	0	232	2,886	111,462	0	91,380	2,613	0	0	-11	0	-105,384	-14,405	-35,420	-5,180	-17,150	-207	-9,114	-1,902	0	0	0	0	0	0	0	0	0
Stock Based Compensation	22,511	22,333	20,069	19,995	19,607	17,170	12,056	13,741	15,781	12,211	9,483	8,319	7,410	5,358	6,204	5,506	8,966	11,545	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-252,283	-129,758	51,627	-85,971	-325,331	-87,953	143,248	-6,998	178,697	103,312	188,924	193,488	2,613	-3,414	4,753	1,680	1,257	70,582	193,120	64,710	84,313	151,858	91,862	-7,102	47,324	10,435	-25,071	-8,100	-4,200	-8,500	-11,100	-237,700	-119,900	-32,600
Total Cash From Operating Activities	355,572	405,270	-152,092	530,360	346,820	262,200	-87,132	-103,402	-3,335	-211,248	-86,276	-220,487	-74,136	32,551	184,074	199,829	-20,613	-21,964	72,243	60,171	-56,894	-5,836	-19,847	6,252	-36,387	-5,196	6,676	2,400	1,300	-1,000	-3,500	18,700	12,700	12,600
Total Cashflows From Investing Activities	0	-32,286	-26,821	-18,234	-13,489	-33,527	-17,072	-20,106	-16,487	-62,867	1,031	23,844	141,182	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	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31
Begin Period Cash Flow	1,048,755	1,163,243	957,210	861,561	299,387	272,147	520,395	618,335	562,291	684,374	716,433	745,621	609,979	484,622	797,321	319,466	454,812	407,427	327,499	311,466	205,762	169,426	172,552	170,746	115,167	216,739	85,689	131,702	107,915	128,171	172,175	262,208	235,409	217,021	89,245	103,333	84,105	230,630	260,956	274,136	177,584	218,019	325,021	170,457	305,049	81,826	90,603	173,612	157,104	167,568	103,508	103,953	145,324	156,669	242,680	249,331	346,951	385,310	344,399	205,923	119,027	115,153	26,140	27,677	45,297	51,678	38,919	56,710	75,436	47,465	41,662	65,812	40,185	34,104	44,828	47,876	19,340	11,735	11,690	4,799	6,910	26,555	21,962	6,600	6,751	14,481	273	3,383	1,456	4,079	6,359	4,397	1,578	9,459	5,385	13,422	3,836	7,084	7,382	12,387	5,735	5,219	5,671	8,245	4,844	7,263	6,965	15,568	1,700	0	1,300	3,300	0	5,500	4,700	6,700	0	0	13,200	16,200	1,400	0	17,000	14,200	1,300	0	6,800	6,800	300	600	6,400	4,500	0
Capital Expenditures	6,971	10,087	12,235	8,899	7,434	6,685	6,429	6,423	7,754	6,940	5,977	4,993	5,161	4,428	5,012	5,331	6,009	6,244	6,892	5,240	9,661	8,028	9,343	6,383	6,058	3,716	5,084	3,238	4,406	4,686	3,630	3,940	3,758	4,505	3,240	4,589	4,421	4,503	4,869	6,995	6,066	3,930	3,083	2,704	3,724	2,756	2,047	2,336	1,653	1,468	2,530	1,431	1,350	1,153	1,931	1,955	1,481	556	1,100	472	4,477	845	2,565	1,806	2,610	2,485	3,903	4,351	4,522	4,972	5,765	10,591	9,799	4,471	5,035	5,974	3,146	3,319	4,362	4,286	1,655	10,093	3,030	2,355	3,204	2,045	1,516	1,520	2,155	2,940	1,377	798	811	775	955	476	662	560	964	750	582	712	161	113	0	0	0	0	0	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 Cash Equivalents Changes	0	0	206,033	95,649	562,174	27,240	-248,248	-97,940	56,044	-122,083	-32,059	-29,188	135,642	125,357	-312,699	477,855	-135,346	47,385	79,928	16,033	105,704	36,336	-3,126	1,806	55,579	-101,572	131,050	-46,013	23,787	-20,256	-44,004	-90,033	26,799	18,388	127,776	-14,088	19,228	-146,525	-30,326	-13,180	96,552	-40,435	-107,002	154,564	-134,592	223,223	-8,777	-83,009	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,508	20,817	-9,519	4,411	8,007	2,915	-10,885	2,454	-7,057	1,078	2,998	-12,873	2,636	-1,410	-12,518	-128	2,126	6,583	-377	-1,013	3,687	7,406	27,409	4,325	3,776	5,532	5,497	391	495	-4,046	3,597	-885	-163	3,767	-23,761	-26,596	-8,274	-19,101	-8,153	-17,678	-25,244	-1,282	-8,990	-4,073	-611	344	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-127,528	-114,488	206,033	95,649	562,174	27,240	-248,248	-97,940	56,044	-122,083	-32,059	-29,188	135,642	125,357	-312,699	477,855	-135,346	47,385	79,928	16,033	105,704	36,336	-3,126	1,806	55,579	-101,572	131,050	-46,013	23,787	-20,256	-44,004	-90,033	26,799	18,388	127,776	-14,088	19,228	-146,525	-30,326	-13,180	96,552	-40,435	-107,002	154,564	-134,592	223,223	-8,777	-83,009	16,508	-10,464	64,060	-445	-41,371	-11,345	-86,011	-6,651	-97,620	-38,359	40,911	138,476	86,896	3,874	89,013	-1,537	-17,620	-6,381	12,759	-17,791	-18,726	27,971	5,803	-24,150	25,627	6,081	-10,724	-3,048	28,536	7,605	45	6,891	-2,111	-19,645	4,593	15,362	-151	-7,730	14,208	-3,110	1,927	-2,623	-2,280	1,962	2,819	-7,881	4,074	-8,037	9,586	-3,248	-297	-5,005	6,651	516	-452	-2,574	3,402	-2,419	298	-8,603	12,100	1,700	-1,200	1,300	0	-8,200	5,500	-2,000	-4,300	0	-2,300	-3,000	-600	1,400	-1,500	2,800	9,100	1,300	-3,100	0	-600	300	600	1,900	2,300
Change In Working Capital	-319,704	-130,227	33,087	-19,620	300,641	-249,788	-478,385	-217,141	-152,855	-312,996	-324,878	-160,692	-20,071	13,283	90,138	-41,016	53,416	-27,871	16,181	-8,500	92,142	18,689	-57,801	-75,213	21,186	-96,095	-93,685	-115,467	-17,220	-83,347	-77,155	-113,352	-19,762	-14,864	-76,226	-60,621	-31,951	-105,242	-83,430	-165,734	-107,475	-61,255	-51,496	-21,120	-110,044	13,389	84,243	-50,730	-29,234	47,398	-12,781	-22,723	-13,618	-23,218	97,934	-50,982	-59,649	-15,440	49,396	144,864	24,009	-28,597	1,384	69,077	95,526	-43,925	-112,536	-122,842	12,862	-92,145	-104,320	-116,097	51,182	-75,889	-98,069	-85,133	-139,438	58,147	4,213	-15,745	10,531	22,273	1,929	18,397	-20,216	22,939	-811	-5,475	-14,300	20,458	5,494	-11,946	4,022	5,162	9,606	-7,663	8,573	10,517	3,225	-12,064	7,908	2,311	7,320	-10,766	10,793	-4,328	2,091	-2,858	1,000	-200	0	100	100	-100	0	0	-100	0	0	-100	-100	100	100	-400	100	-100	100	0	-400	200	-100	-1,700	500
Change Receivables	0	0	20,711	-11,749	-13,773	1,242	-38,321	-52,098	-13,503	-15,221	-29,272	-7,118	-2,803	1,464	-4,088	7,557	-6,004	-3,080	1,626	-1,654	1,356	52	-3,792	5,426	-2,568	-5,779	10,734	-20,162	-3,312	-4,833	-9,200	-168	-1,016	4,279	-4,651	-5,695	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-54,722	-18,409	-18,409	-2,999	-365,584	1,242	-38,321	-52,098	61,166	-15,221	-36,390	-3,404,815	-59,409	4,933	-4,088	4,291	-95,956	-3,080	1,626	4,929	1,356	52	-3,792	5,426	-2,568	-5,779	10,734	-20,162	-3,312	-4,833	-9,200	-168	-1,016	4,279	-4,651	-5,695	-5,530	-4,381	-1,123	-13,998	-4,205	-1,057	-7,855	-5,312	79,291	0	0	57,932	25,517	0	0	-1,540	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-219,865	-152,493	11,951	2,999	365,584	-260,656	-445,565	-283,885	-137,324	-340,998	-276,338	-193,395	-49,169	-575	54,862	-45,207	113,916	-115,734	7,192	-1,753	142,390	-6,007	-68,077	-87,732	34,592	-124,685	-122,162	-89,222	7,064	-124,509	-77,946	-116,035	-10,887	-54,070	-85,544	-58,906	12,274	-115,984	-100,077	-134,807	-60,276	-107,676	-75,116	-38,876	-108,676	-49,847	-87,940	-52,722	60,785	-22,645	-18,908	-19,232	0	0	0	0	108,628	94,720	110,073	77,848	211,404	95,818	81,246	66,145	41,812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	63,193	3,933	-31,687	-41,651	2,162	10,036	115,927	11,465	46,813	-9,226	38,743	28,903	25,267	36,728	-1,956	-41,978	91,071	5,237	-11,676	-53,968	25,657	10,381	-313	-18,560	30,044	13,967	-11,615	-26,469	45,604	9,496	6,897	-11,456	35,812	14,132	213	-23,969	34,501	22,685	-13,858	-26,445	60,542	41,866	20,038	-3,469	11,551	27,650	-2,828	5,542	6,794	524	0	0	0	5,820	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	208,968	127,793	70,822	0	63,169	46,759	0	0	54,686	42,588	17,532	15,429	10,291	17,286	0	0	13,232	22,322	5,274	0	12,368	7,455	1,690	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,294	5,502	7,583	4,870	18,495	3,322	6,316	5,656	532	21,084	8,368	16,266	5,291	5,176	6,766	14,060	4,901	7,537	9,510	16,154	4,433	4,095	8,144	6,235	5,668	1,921	3,459	5,848	4,864	4,277	7,164	12,829	4,693	4,818	2,819	7,693	10,839	4,935	8,209	-730	4,105	7,521	6,730	-64,511	5,941	1,430	2,905	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-22,518	-22,518	10,886	10,287	7,464	-4,535	-2,753	-13,493	-3,590	-10,042	-4,821	3,433	-15,135	5,491	-1,410	-8,128	3,485	1,591	7,118	-3,159	-3,984	7,056	7,108	27,066	7,574	7,176	9,981	-5,512	-2,267	-2,498	0	13,134	0	0	0	-37,419	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,758	6,380	5,988	5,208	7,203	5,822	5,964	5,759	6,353	6,478	6,879	6,535	8,556	7,945	7,540	7,011	8,370	7,172	6,549	5,832	7,508	6,850	6,742	5,866	4,633	4,199	4,202	3,670	4,508	3,870	4,198	3,402	3,947	3,565	3,518	3,211	3,460	2,972	2,669	2,513	2,765	2,511	2,500	2,158	2,283	2,299	1,921	1,693	1,911	1,694	1,817	1,756	1,835	2,111	2,081	1,947	2,296	2,003	2,119	2,425	5,884	3,221	3,216	3,348	4,361	4,413	4,775	4,269	8,457	5,095	5,304	4,873	4,455	4,728	4,270	3,754	4,264	3,205	3,017	2,747	2,805	1,985	2,029	1,717	2,049	1,854	1,526	1,351	1,994	1,761	1,220	766	1,087	796	830	694	921	598	551	459	674	366	328	270	-865	813	197	287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	9,839	9,841	9,927	9,927	9,927	9,927	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	968,500	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	194	0	0	0	300	0	0	0	200	0	0	0	300	0	0	0	0	0	1,500	2,500	3,900	3,900	3,900	4,900	10,200	0
End Period Cash Flow	921,227	1,048,755	1,163,243	957,210	861,561	299,387	272,147	520,395	618,335	562,291	684,374	716,433	745,621	609,979	484,622	797,321	319,466	454,812	407,427	327,499	311,466	205,762	169,426	172,552	170,746	115,167	216,739	85,689	131,702	107,915	128,171	172,175	262,208	235,409	217,021	89,245	103,333	84,105	230,630	260,956	274,136	177,584	218,019	325,021	170,457	305,049	81,826	90,603	173,612	157,104	167,568	103,508	103,953	145,324	156,669	242,680	249,331	346,951	385,310	344,399	205,923	119,027	115,153	26,140	27,677	45,297	51,678	38,919	56,710	75,436	47,465	41,662	65,812	40,185	34,104	44,828	47,876	19,340	11,735	11,690	4,799	6,910	26,555	21,962	6,600	6,751	14,481	273	3,383	1,456	4,079	6,359	4,397	1,578	9,459	5,385	13,422	3,836	7,084	7,382	12,387	5,735	5,219	5,671	8,245	4,844	7,263	6,965	12,100	1,700	-1,200	1,300	3,300	-8,200	5,500	4,700	-4,300	0	-2,300	13,200	-600	1,400	-1,500	17,000	9,100	1,300	-3,100	6,800	-600	300	600	6,400	2,300
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-111,491	94,120	219,178	115,573	567,645	30,333	-225,444	5,765	88,860	-112,174	-135,503	-18,939	152,117	131,209	188,520	38,582	173,451	47,767	74,203	27,014	178,887	76,079	-2,469	-23,712	81,236	-47,394	-51,066	-88,004	40,537	-42,412	-32,432	-85,757	46,153	19,197	-41,997	-42,780	20,484	-66,006	-47,852	-138,662	-52,816	-23,935	-22,485	-2,823	-91,959	-30,101	-51,592	-57,698	-24,576	-19,946	-10,702	-25,994	-6,962	-21,835	12,977	41,982	25,159	-21,376	38,535	138,147	89,200	3,551	18,068	79,317	138,710	2,090	-87,741	-87,021	41,153	-18,649	-22,978	-47,340	139,022	-2,871	-29,154	-60,033	79,137	-10,162	-28,293	4,376	27,306	-24,981	-45,066	-31,286	3,487	29,254	-9,574	-37,288	9,918	9,474	-17,476	-29,033	22,608	-7,380	4,443	-16,436	21,173	-19,372	-9,369	-31,755	9,809	3,782	-5,578	-14,777	14,328	-500	5,144	-12,295	2,200	100	300	300	300	0	500	500	-700	-100	-100	-100	-11,300	2,200	2,900	2,700	4,300	8,900	600	4,900	-3,000	6,300	6,000	3,400	3,500
Investments	-8,920	-12,563	-13,412	43	-7,403	-21	-5,653	-6,245	-1,707	-6,828	-5,769	-1	-1	-1	-2	999	4,299	-6,169	7,248	-1,110	-257	463	-417	-417	-178	4	852	-10	-3,402	-83	-96	-63	-181	-18	-178	-104	8,694	50,101	17,522	12,019	3,165	-742	-3,175	-2,855	-19,526	37,203	69,927	-26,633	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-151,291	-2,041	-168	-5,502	-3,153	-7,220	-4,580	-7,281	-550	128,499	-1,947	-7,870	-6,120	-501,380	498,991	-306,210	-457	-1,641	-988	-2,271	-10,868	-302	25,488	-25,584	-54,347	181,227	41,952	-12,988	22,196	-11,589	-3,893	-19,175	-891	169,851	23,983	-10,447	0	0	0	106,699	1,403	-85,818	156,593	188	122,334	-20,414	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	198,851	221,760	186,836	131,301	262,365	262,489	250,084	217,254	237,460	200,752	167,389	131,843	152,527	109,118	90,678	71,152	103,614	69,809	50,828	25,412	75,485	54,135	53,838	43,874	35,553	42,550	41,580	23,572	51,807	36,887	39,878	20,969	52,897	30,308	29,133	16,400	49,208	32,577	35,079	25,377	46,089	38,191	28,143	12,041	95,128	6,784	8,005	-4,754	-11,774	-3,235	562	-6,659	-895	1,219	4,166	2,660	43,286	-17,785	-73,602	-18,355	-79,149	-144,013	-23,468	-45,305	-128,839	-118,552	-56,576	15,116	9,024	59,539	77,055	79,736	101,977	70,253	59,239	24,196	51,812	35,600	24,637	26,919	31,566	25,755	21,312	15,773	23,996	22,437	14,938	8,566	15,889	14,887	12,494	7,389	11,909	10,509	8,573	4,771	8,052	4,027	4,541	2,325	7,587	4,268	6,696	5,452	6,912	5,079	1,958	288	-400	300	300	200	200	100	300	500	-3,100	400	-1,100	-700	-2,900	-4,000	-8,200	-10,800	-3,000	-15,400	-3,300	2,600	-4,500	4,400	4,300	3,800	2,900
Other Cashflows From Financing Activities	-8,920	-12,563	-13,412	-8,728	-109,303	-6,625	-12,013	-6,245	-9,314	-6,828	443,898	-4,910	-4,987	-4,160	-500,000	500,000	-1,518	-6,169	474	-6,276	-9,926	-29,236	-9,698	202,685	-25,105	10,012	251,002	45,000	-10,416	24,986	61	-355	15	12	170,127	31,769	-110,012	30	-93	2,982	208,270	355	8,544	177,399	555	126,234	-20,414	-28,702	815	7,981	280	1,518	2,062	2,871	-5,378	-51,923	490	1,630	2,633	-143	919	-644	-1,800	-80,200	-152,244	-19,385	95,297	76,284	-160,503	72,828	81,257	1,941,974	-79,621	110,239	32,939	648,012	-25,889	38,400	33,147	466,800	-37,116	11,936	53,800	53,148	60,692	45,822	-53,913	32,638	-8,521	-12,594	79,650	30,777	-20,415	4,813	1,681	14,141	-9,797	23,068	8,610	26,738	-7,963	7,460	3,068	7,356	-12,618	-5,556	-6,007	-696	100	1,600	-6,900	-1,000	-1,000	-1,000	-1,000	-1,000	-1,200	-1,500	-2,100	-3,400	195,200	-81,600	-64,400	-60,300	-63,900	-47,600	-71,600	-46,800	-31,800	-32,700	-24,200	-8,900	-7,200
Other Cashflows From Investing Activities	0	-3,482	100	128	-5,315	-5,346	69	178	-1,157	403	291	84	175	269	163	96	192	75	118	74	-8	15	62	30	105	165	37	49	56	57	52	35	-6	30	18	44	89	-130,650	97	49	40,755	-16,113	-4,328	107	-23,650	3,984	-6,865	267	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,707	-740	1,220	1,358	-566	11,643	-748	341	174	-5,351	-385	2,651	12,525	-667	2,384	164	5,371	-403	2,478	1,827	12,721	-210	106	2,301	4,077	1,255	28	-18	2,193	1,680	2,214	1,890	11,509	822	914	124	3,309	4,406	2,112	1,843	13,480	-994	390	5,422	-7,561	-52,635	-139,938	-4,754	138	-67,081	12	406	229	1,939	-87,726	91,180	-96,873	-565	60,493	8,621	20,360	162,225	39,501	61,145	192,177	193,658	80,499	18,844	52,771	13,834	4,748	-7,296	-1,443	2,508	10,441	3,124	164,797	-103,795	-55,798	-5,020	-17,797	-64,632	-67,306	-64,818	1,045	-17,832	-22,401	-39,713	9,141	-23,333	-35,231	-24,460	6,273	-23,235	-13,494	-13,743	4,416	-35,765	-20,060	-22,939	-9,212	-2,451	-19,761	-9,619	-2,512	-2,064	897	-10,013	1,600	0	100	0	0	0	200	0	2,500	-500	1,000	700	-8,300	6,100	11,000	13,900	7,200	24,400	3,800	2,300	1,900	1,700	1,800	1,300	100
Sale Purchase Of Stock	-4,067	-45,000	-10,000	-10,000	109,303	-109,303	-10,000	-99,303	-23,975	-9,471	-19,161	-8,385	-8,779	-60,813	-60,813	-60,813	-7,078	-8,957	-8,957	-8,957	-70,647	-29,353	0	0	0	0	0	0	0	0	71	161	5	42	5	2,834	308	27	695	110,432	0	0	7,838	3,078	355	89,803	167	1,055	0	0	0	0	0	0	0	0	0	0	0	0	-8	0	0	-3	0	0	0	0	105,384	-3,896	-52,190	-49,298	0	0	0	-2	-2	-15,565	0	0	5,180	0	0	-5,180	-16,093	0	0	0	0	0	0	0	-607	-5,872	-2,050	-584	-1,789	0	0	0	0	0	0	0	0	0	0	0	0	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	5,954	6,156	4,176	6,225	5,436	6,852	4,070	5,975	5,634	5,845	3,223	5,367	4,271	6,130	3,157	6,437	3,888	5,657	4,201	5,861	3,433	4,761	3,767	5,209	2,158	4,113	2,490	3,295	2,699	3,729	2,555	4,758	3,363	3,953	3,835	4,630	3,176	3,771	2,853	2,411	2,443	3,099	2,097	1,844	2,224	2,822	1,620	1,653	2,195	2,114	1,388	1,713	1,296	1,566	1,239	1,257	1,692	2,219	1,229	1,064	5,506	1,041	0	1,419	8,966	17,902	0	2,264	11,545	0	0	2,679	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-14,088	-206,132	-11,968	-20,095	-5,502	-3,153	-17,220	-103,883	-31,256	-10,021	103,236	-10,332	-16,649	-6,120	-501,380	438,178	-313,288	-457	-1,641	-9,945	-72,918	-40,221	-302	25,488	-25,584	-54,347	181,227	41,952	-13,404	22,182	-11,528	-4,248	-19,167	-821	169,933	28,752	-10,039	30	-93	113,414	105,448	355	-77,014	160,135	543	212,137	-20,247	1,055	782	33	280	1,518	292	163	-5,204	1,335	490	1,630	2,633	0	3	122	80,991	-79,436	-152,211	-19,385	95,766	77,087	-54,497	71,407	37,049	16,623	-78,769	111,599	36,235	124,055	-24,641	23,574	34,127	31,650	-30,661	12,373	54,556	48,045	44,862	46,279	26,539	34,178	-7,991	-12,097	80,955	30,995	-19,789	-501	-369	13,557	-11,587	23,090	9,071	26,750	-7,754	7,460	3,076	7,653	-12,618	-5,556	-6,007	-890	100	0	-6,900	-1,000	-1,000	-1,000	-1,000	-1,200	-1,200	-1,500	-2,100	-3,700	195,200	-81,600	-64,400	-60,300	-63,900	-49,100	-74,100	-50,600	-35,600	-36,400	-29,100	-18,800	-7,200
Total Cash From Operating Activities	-104,520	104,207	231,413	124,472	575,079	37,018	-219,015	12,188	96,614	-105,234	-129,526	-13,946	157,278	135,637	193,532	43,913	179,460	54,011	81,095	32,254	188,548	84,107	6,874	-17,329	87,294	-43,678	-45,982	-84,766	44,943	-37,726	-28,802	-81,817	49,911	23,702	-38,757	-38,191	24,905	-61,503	-42,983	-131,667	-46,750	-20,005	-19,402	-119	-88,235	-27,345	-49,545	-55,362	-22,923	-18,478	-8,172	-24,563	-5,612	-20,682	14,908	43,937	26,640	-20,820	39,635	138,619	93,677	4,396	20,633	81,123	141,320	4,575	-83,838	-82,670	45,675	-13,677	-17,213	-36,749	148,821	1,600	-24,119	-54,059	82,283	-6,843	-23,931	8,662	28,961	-14,888	-42,036	-28,931	6,691	31,299	-8,058	-35,768	12,073	12,414	-16,099	-28,235	23,419	-6,605	5,398	-15,960	21,834	-18,812	-8,405	-31,005	10,391	4,494	-5,417	-14,664	14,328	-500	5,144	-12,295	2,200	100	300	300	300	0	500	500	-700	-100	-100	-100	-11,300	2,200	2,900	2,700	4,300	8,900	600	4,900	-3,000	6,300	6,000	3,400	3,500
Total Cashflows From Investing Activities	0	-34,703	-13,412	-8,728	-32,286	-6,625	-12,013	-6,245	-9,314	-6,828	-5,769	-4,910	-4,987	-4,160	-4,851	-4,236	-1,518	-6,169	474	-6,276	-9,926	-7,550	-9,698	-6,353	-6,131	-3,547	-4,195	-3,199	-7,752	-4,712	-3,674	-3,968	-3,945	-4,493	-3,400	-4,649	4,362	-85,052	12,750	5,073	37,854	-20,785	-10,586	-5,452	-46,900	38,431	61,015	-28,702	141,182	102,533	94,552	22,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Cost Of Revenue	4,610,900	4,495,259	3,711,998	3,530,303	2,977,649	2,890,720	2,666,279	2,503,602	2,084,576	1,721,838	1,421,507	975,475	720,136	773,960	966,262	1,559,983	2,330,548	2,748,690	2,294,112	1,631,534	1,271,388	970,212	627,999	444,329	296,530	218,701	124,594	0	0	0	0	0	0	0	-
Depreciation And Amortization	25,334	24,748	26,245	31,052	27,923	26,966	16,704	15,978	14,241	11,614	9,934	8,196	7,178	7,974	8,843	15,669	17,818	23,729	17,207	13,233	8,536	6,780	5,741	3,407	2,528	1,637	432	0	0	0	0	0	0	0	-
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	-
Ebit	1,270,391	1,289,359	973,340	535,743	316,950	284,039	251,372	223,232	205,429	213,580	196,560	50,674	2,012	31,114	-146,623	-248,737	-169,650	319,979	445,906	200,614	139,908	102,674	77,568	53,076	28,092	25,550	9,583	500	2,000	-3,100	-1,300	55,800	94,000	39,400	37,500
Ebitda	1,270,391	1,314,107	999,585	566,795	344,873	311,005	268,076	239,210	219,670	225,194	206,494	58,870	9,190	39,088	-137,780	-233,068	-151,832	343,708	463,113	213,847	148,444	109,454	83,309	56,483	30,621	27,188	10,015	500	2,000	-3,100	-1,300	55,800	94,000	39,400	37,500
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	-
Extraordinary Items	0	0	0	0	0	2,741	-19,687	0	0	0	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	1,502,113	1,802,895	1,435,328	976,002	700,194	653,197	588,554	553,114	507,980	468,795	412,372	218,199	141,108	167,696	4,051	-36,915	13,046	712,630	706,990	408,470	199,613	149,605	116,175	76,138	45,256	37,283	25,036	2,200	3,600	2,100	500	60,900	96,900	42,900	41,400
Income Before Tax	949,430	1,289,318	954,834	533,566	302,945	283,254	247,519	218,060	189,464	208,417	177,672	28,854	-20,376	2,484	-154,799	-275,966	-456,482	364,009	416,225	224,758	151,460	113,544	83,336	56,762	32,215	30,500	15,199	0	0	0	0	0	0	0	-
Income Tax Expense	-210,682	297,126	217,390	110,091	53,282	55,922	104,264	68,519	60,726	66,176	53,208	-76,309	730	-4,666	-88,343	15,969	-167,631	138,655	160,560	85,790	57,054	43,607	32,444	21,000	13,269	6,497	962	-200	-1,100	4,500	32,000	19,100	-8,000	-10,800	-6,500
Interest Expense	0	41	318	2,177	8,370	785	3,853	5,172	15,965	5,163	15,092	24,244	30,399	33,722	36,531	23,653	6,745	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	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	-
Net Income	738,748	992,192	737,444	423,475	249,663	227,332	143,255	149,541	128,738	142,241	124,464	105,163	-21,106	7,150	-66,456	-291,935	-288,851	225,354	255,665	138,968	94,406	69,937	50,659	35,762	18,945	24,003	14,237	200	1,100	-4,500	-32,000	-19,100	8,000	10,800	6,500
Net Income Applicable To Common Shares	0	992,192	737,444	423,475	249,663	227,332	143,255	149,541	128,738	142,241	124,464	105,163	-21,106	7,150	0	0	0	225,354	255,665	138,968	94,406	69,937	50,892	35,762	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	802,262	992,192	737,444	423,475	249,663	227,332	143,255	149,541	128,738	142,241	124,464	105,163	-21,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	0	-41	-318	-2,177	-8,370	-785	-3,853	-5,172	0	0	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	2,714	-13,324	6,662	3,942	26,949	6,405	4,953	-946	6,572	-1,004	-12,316	2,162	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	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	1,270,391	1,289,359	973,340	535,743	316,950	284,039	242,866	214,219	206,713	207,455	194,146	55,181	2,012	31,114	-133,767	-242,006	-289,579	331,812	421,897	212,686	145,684	108,109	80,452	54,923	30,157	26,651	9,930	500	2,000	-3,100	-1,300	55,800	94,000	39,400	37,500
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	-
Other Operating Expenses	4,842,622	5,011,509	4,178,850	3,977,224	3,370,470	3,271,095	3,011,967	2,842,497	2,385,843	1,983,178	1,639,733	1,138,493	859,232	910,542	1,108,093	1,765,074	2,633,173	3,129,508	2,579,205	1,827,318	1,325,317	1,011,708	663,722	465,544	311,629	229,333	139,700	1,700	1,600	5,200	1,800	5,100	2,900	3,500	3,900
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	24,779	24,748	26,245	31,052	27,923	26,966	16,704	0	0	0	0	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	0	0	0	0	-
Selling And Marketing Expenses	384,911	323,266	285,403	287,901	246,728	241,897	221,647	215,092	188,418	156,742	126,716	94,833	74,912	76,798	78,683	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling General Administrative	231,722	192,984	181,449	159,020	146,093	138,478	124,041	123,803	112,849	104,598	91,510	68,185	64,184	59,784	63,148	205,091	302,625	380,818	285,093	195,784	53,929	41,496	35,723	21,215	15,099	10,632	15,106	0	0	0	0	0	0	0	-
Tax Provision	230,548	297,126	217,390	110,091	53,282	55,922	104,264	68,519	60,726	0	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	231,722	516,250	466,852	446,921	392,821	380,375	345,688	338,895	301,267	261,340	218,226	163,018	139,096	136,582	141,831	205,091	302,625	380,818	285,093	195,784	53,929	41,496	35,723	21,215	15,099	10,632	15,106	1,700	1,600	5,200	1,800	5,100	2,900	3,500	3,900
Total Other Income Expense Net	-320,961	-41	-18,506	-2,177	-14,005	-785	8,506	9,013	-1,284	6,125	-1,382	-2,083	8,011	5,092	19,512	-10,307	-160,158	32,196	-5,672	12,072	5,776	5,435	2,884	1,847	2,064	1,101	346	0	0	0	0	0	0	0	-
Total Revenue	6,113,013	6,298,154	5,147,326	4,506,305	3,677,843	3,543,917	3,254,833	3,056,716	2,592,556	2,190,633	1,833,879	1,193,674	861,244	941,656	970,313	1,523,068	2,343,594	3,461,320	3,001,102	2,040,004	1,471,001	1,119,817	744,174	520,467	341,786	255,984	149,630	2,200	3,600	2,100	500	60,900	96,900	42,900	41,400

	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	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Cost Of Revenue	1,240,748	1,186,148	1,193,215	998,474	1,494,907	1,129,775	969,573	901,004	1,068,478	889,773	934,997	818,750	1,094,669	896,040	815,589	724,005	919,360	756,514	708,954	592,821	821,709	727,723	720,360	620,928	776,752	662,520	662,619	564,388	724,705	622,381	661,300	495,216	630,827	544,965	484,414	424,370	560,005	447,253	396,732	317,848	413,582	379,799	355,653	272,473	295,613	280,219	230,529	169,114	212,801	179,591	180,544	147,200	180,661	191,242	238,509	163,548	282,768	208,914	260,764	213,816	448,009	381,030	358,682	372,262	642,919	641,611	558,908	487,110	721,230	700,188	694,042	633,230	784,490	577,382	500,406	463,305	476,287	408,780	380,295	366,172	408,557	327,474	288,556	246,801	321,805	282,367	216,649	149,391	208,247	172,422	147,207	100,123	145,556	113,716	103,641	81,416	119,686	66,804	65,302	44,738	80,374	58,109	48,252	29,626	52,570	38,197	22,126	11,702	0	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 And Amortization	7,758	6,380	5,988	5,208	7,203	5,822	5,964	5,759	6,353	6,478	6,879	6,535	8,556	7,945	7,540	7,011	8,370	7,172	6,549	5,832	7,508	6,850	6,742	5,866	4,633	4,199	4,202	3,670	4,508	3,870	4,198	3,402	3,947	3,565	3,518	3,211	3,460	2,972	2,669	2,513	2,765	2,511	2,500	2,158	2,283	2,299	1,921	1,693	1,911	1,694	1,817	1,756	1,835	2,111	2,081	1,947	2,296	2,003	2,119	2,425	5,884	3,221	3,216	3,348	4,361	4,413	4,775	4,269	8,457	5,095	5,304	4,873	4,455	4,728	4,270	3,754	4,264	3,205	3,017	2,747	2,805	1,985	2,029	1,717	2,049	1,854	1,526	1,351	1,994	1,761	1,220	766	1,087	796	830	694	921	598	551	459	674	366	328	270	-865	813	197	287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Ebit	258,869	286,641	239,524	165,303	342,249	329,491	331,695	285,924	311,569	261,788	233,916	166,067	195,366	135,561	117,967	86,849	116,190	93,434	70,871	36,455	92,328	71,462	71,229	49,020	84,382	64,571	64,825	37,594	71,874	53,969	60,708	32,173	80,088	50,855	46,035	28,451	66,987	47,490	56,632	42,471	67,858	60,248	46,151	22,303	26,843	15,061	10,011	-155	-3,531	75	3,927	856	4,364	5,148	12,480	9,129	-32,469	-11,752	-73,217	-14,295	-99,461	-64,609	38,859	-56,188	-50,496	-89,920	-98,344	13,206	402	85,245	112,951	121,381	169,799	100,576	86,452	93,011	76,883	50,780	33,866	39,085	47,346	37,036	32,338	23,188	35,095	33,742	22,130	11,707	24,310	22,653	19,490	11,114	17,814	16,010	12,793	6,460	11,949	6,089	6,997	3,058	11,302	6,812	4,836	2,599	2,858	5,426	2,025	139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Ebitda	266,627	293,021	245,512	170,511	349,452	335,313	337,659	291,683	317,922	268,266	240,795	172,602	203,922	143,506	125,507	93,860	124,560	100,606	77,420	42,287	99,836	78,312	77,971	54,886	89,015	68,770	69,027	41,264	76,382	57,839	64,906	35,575	84,035	54,420	49,553	31,662	70,447	50,462	59,301	44,984	70,623	62,759	48,651	24,461	29,126	17,360	11,932	1,538	-1,620	1,769	5,744	2,612	6,199	7,259	14,561	11,076	-30,173	-9,749	-71,098	-11,870	-93,577	-61,388	42,075	-52,840	-46,135	-85,507	-93,569	17,475	8,859	90,340	118,255	126,254	174,254	105,304	90,722	96,765	81,147	53,985	36,883	41,832	50,151	39,021	34,367	24,905	37,144	35,596	23,656	13,058	26,304	24,414	20,710	11,880	18,901	16,806	13,623	7,154	12,870	6,687	7,547	3,517	11,976	7,178	5,163	2,869	1,993	6,239	2,223	426	-400	300	400	400	200	300	600	700	-2,800	800	-700	-100	-30,900	15,000	10,200	5,800	15,600	2,700	16,000	21,600	15,500	25,700	26,100	26,700	9,600	9,900	10,600	11,000	6,700	10,500	9,900	10,500
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	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	2,741	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-213	213	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	422,075	435,523	374,600	286,824	505,759	455,892	449,468	391,776	438,118	376,664	349,584	270,962	322,992	248,392	223,037	181,581	223,584	191,673	163,407	121,530	196,540	164,838	164,479	127,340	177,919	150,115	146,467	114,053	163,575	137,830	143,867	107,842	157,829	131,845	118,885	99,421	145,523	115,055	113,620	94,597	128,088	117,476	99,217	67,591	68,973	62,424	51,566	35,236	33,189	37,943	39,587	30,389	33,983	42,561	52,896	38,256	3,052	22,902	-39,225	17,322	-48,434	-6,264	16,616	1,167	-24,011	-63,042	9,759	90,340	99,963	178,008	220,618	214,041	256,423	178,068	153,165	87,863	223,532	73,968	53,640	57,330	64,449	53,278	45,277	36,609	47,711	46,762	34,792	20,340	36,636	34,755	28,201	16,583	25,391	21,692	18,061	10,994	17,361	9,982	11,345	6,568	15,072	10,308	7,356	6,887	12,295	7,996	3,340	1,406	400	500	700	700	0	700	1,100	1,100	1,200	1,100	600	300	-32,500	15,900	15,500	16,400	18,900	3,400	16,500	22,100	16,200	26,400	26,900	27,400	10,500	10,700	10,600	11,000	10,600	10,500	9,900	10,500
Income Before Tax	258,869	285,734	239,524	165,303	342,249	329,491	331,695	285,883	311,497	261,709	215,651	165,977	195,365	135,506	115,862	86,833	110,535	92,366	67,674	32,370	91,776	71,409	71,185	48,884	84,090	63,455	63,205	36,769	76,337	53,802	59,036	28,885	76,085	46,668	41,414	25,297	66,393	47,030	55,236	39,758	65,879	56,786	38,532	16,475	23,600	6,986	2,842	-4,574	-11,604	-3,075	747	-6,444	-5,419	731	4,391	2,781	-46,997	-17,639	-71,894	-18,269	-109,440	-61,582	-34,160	-70,784	-197,479	-192,417	-89,204	22,618	13,621	94,447	125,150	130,791	170,206	112,502	94,796	38,721	83,957	57,512	39,826	43,463	51,076	40,714	34,064	25,606	37,949	36,746	24,806	14,043	26,019	23,991	21,144	12,181	18,960	16,646	13,633	7,523	13,284	6,811	8,335	3,785	11,290	6,166	7,242	5,802	7,294	5,435	2,156	314	0	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 Tax Expense	60,018	63,974	52,688	34,002	79,884	67,002	81,611	68,629	74,037	60,957	48,262	34,134	42,838	26,388	25,184	15,681	6,921	22,557	16,846	6,958	16,291	17,274	17,347	5,010	48,537	20,905	21,625	13,197	24,530	16,915	19,158	7,916	23,188	16,360	12,281	8,897	17,185	14,453	20,157	14,381	19,790	18,595	10,389	4,434	-71,528	202	-5,163	180	170	160	185	215	-4,524	-488	225	121	-90,283	146	1,708	86	-30,291	82,431	-10,692	-25,479	-68,640	-73,865	-32,628	7,502	4,597	34,908	48,095	51,055	68,229	42,249	35,557	14,525	32,145	21,912	15,189	16,544	19,510	14,959	12,752	9,833	13,953	14,309	9,868	5,477	10,130	9,316	8,205	4,792	7,051	6,137	5,060	2,752	5,232	2,784	3,794	1,460	3,703	1,898	546	350	382	356	198	26	400	-300	-200	-200	0	-100	-300	-500	3,100	-400	1,100	700	9,000	4,100	8,100	10,800	3,000	15,400	3,200	-2,600	4,500	-4,400	-4,300	-3,800	-2,900	-3,000	-	-	-	-	-	-2,100
Interest Expense	0	2,462	5,795	259	82	1,338	1,521	41	72	79	77	90	1	55	2,105	16	20	1,068	3,197	4,085	552	53	44	136	292	1,116	1,620	825	45	167	1,672	3,288	4,003	4,187	4,621	3,154	594	460	1,396	2,713	1,979	3,462	4,523	5,128	5,526	5,009	6,338	7,371	7,363	7,517	7,496	8,023	8,449	8,425	8,553	8,295	8,016	8,853	11,332	8,330	23,653	5,835	5,538	5,661	6,745	972	3,670	13,885	14,014	13,874	12,600	11,575	12,837	10,358	9,710	10,129	10,948	10,275	9,441	8,191	7,852	6,609	6,457	5,662	5,151	4,808	4,782	4,553	4,754	5,430	3,364	3,075	3,011	2,976	2,777	1,870	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Net Income	198,851	221,760	186,836	131,301	262,365	262,489	250,084	217,254	237,460	200,752	167,389	131,843	152,527	109,118	90,678	71,152	103,614	69,809	50,828	25,412	75,485	54,135	53,838	43,874	35,553	42,550	41,580	23,572	51,807	36,887	39,878	20,969	52,897	30,308	29,133	16,400	49,208	32,577	35,079	25,377	46,089	38,191	28,143	12,041	95,128	6,784	8,005	-4,754	-11,774	-3,235	562	-6,659	-895	1,219	4,166	2,660	43,286	-17,785	-73,602	-18,355	-79,149	-144,013	-23,468	-45,305	-128,839	-118,552	-56,576	15,116	9,024	59,539	77,055	79,736	101,977	70,253	59,239	24,196	51,812	35,600	24,637	26,919	31,566	25,755	21,312	15,773	23,996	22,437	14,938	8,566	15,889	14,887	12,493	7,389	11,909	10,509	8,573	4,771	8,052	4,027	4,541	2,325	7,587	4,268	6,696	5,452	6,912	5,079	1,958	288	-400	300	200	200	200	100	300	500	-3,100	400	-1,100	-700	-9,000	-4,100	-8,100	-10,800	-3,000	-15,400	-3,200	2,600	-4,500	4,400	4,300	3,800	2,900	3,000	-	-	-	-	-	2,100
Net Income Applicable To Common Shares	0	221,760	186,836	131,301	262,365	262,489	250,084	217,254	237,460	200,752	167,389	131,843	152,527	109,118	90,678	71,152	103,614	69,809	50,828	25,412	75,485	54,135	53,838	43,874	35,553	42,550	41,580	23,572	51,807	36,887	39,878	20,969	52,897	30,308	29,133	16,400	49,208	32,577	35,079	25,377	46,089	38,191	28,143	12,041	95,128	6,784	8,005	-4,754	0	-3,235	562	0	5,931	1,219	4,166	2,660	43,286	0	0	0	0	0	0	0	0	0	-15,116	15,116	9,024	59,539	77,055	79,736	101,977	70,253	59,239	24,196	51,812	35,600	24,637	26,919	31,566	25,755	21,312	15,773	23,996	22,437	14,938	8,566	15,889	14,674	12,940	7,389	11,909	10,509	8,573	4,771	0	0	0	0	0	0	0	0	0	0	0	0	0	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 From Continuing Ops	198,851	221,760	186,836	131,301	262,365	262,489	250,084	217,254	237,460	200,752	167,389	131,843	152,527	109,118	90,678	71,152	103,614	69,809	50,828	25,412	75,485	54,135	53,838	43,874	35,553	42,550	41,580	23,572	51,807	36,887	39,878	20,969	52,897	30,308	29,133	16,400	49,208	32,577	35,079	25,377	46,089	38,191	28,143	12,041	95,128	6,784	8,005	-4,754	0	-3,235	562	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	-41	-72	-79	-77	-90	-1	-55	-2,105	-16	-20	-1,068	-3,197	-4,085	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,862	8,844	3,563	-74	-458	-317	1,421	1,268	-16,811	798	3,349	1,188	1,514	611	-1,874	2,402	2,368	1,046	12,684	6,960	1,934	5,371	1,187	2,028	2,080	1,110	1,690	1,435	1,545	283	2,499	-3,996	136	415	177	1,998	3,749	648	1,032	605	-2,411	-230	1,168	-8,340	-4,980	-164	0	876	1,273	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	344,125	366,484	324,840	165,303	342,249	329,491	331,695	285,924	311,569	260,520	232,539	165,269	192,017	134,373	116,453	86,238	112,429	91,032	68,503	35,409	91,026	68,650	69,451	43,695	81,946	62,634	62,175	36,111	71,488	52,094	58,590	32,047	77,512	54,974	46,068	28,159	66,893	45,626	52,944	41,992	66,975	59,597	45,586	21,988	24,351	17,360	11,932	1,538	-5,449	1,769	5,744	-52	2,953	7,259	14,561	6,341	-37,228	-9,749	-71,098	-15,692	-99,770	-60,839	6,163	-53,891	-105,248	-133,948	-94,674	16,339	4,368	87,727	116,425	123,292	160,834	106,539	90,624	65,866	80,420	54,146	36,846	41,274	49,211	38,875	33,201	24,397	36,522	35,244	23,468	12,875	25,164	23,322	20,317	11,648	18,388	16,329	13,214	6,992	12,618	6,451	7,666	3,422	11,682	7,246	5,082	2,638	1,915	5,545	2,156	314	-400	300	400	400	400	300	600	700	-2,800	800	-700	-100	-30,900	15,000	10,200	5,800	15,600	2,700	16,000	21,600	15,500	25,700	26,100	26,700	9,600	9,900	10,600	11,000	6,700	10,500	9,900	10,500
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Operating Expenses	1,416,865	1,348,361	1,341,153	1,128,839	1,661,980	1,256,102	1,086,888	1,006,539	1,196,448	1,005,917	1,052,042	924,443	1,225,644	1,010,059	922,173	819,348	1,030,515	857,155	803,858	678,942	927,223	823,911	815,388	704,573	872,725	750,001	746,911	642,330	816,792	708,117	746,577	571,011	711,144	621,836	557,231	495,632	638,635	516,682	457,408	370,453	474,695	437,678	409,284	318,076	340,235	325,283	270,163	202,812	251,439	215,765	214,387	177,641	211,691	226,544	276,844	195,463	323,048	241,565	31,873	246,830	499,345	435,605	369,135	427,320	724,156	712,517	663,341	561,111	816,825	790,469	798,235	723,979	880,079	648,911	562,947	485,302	619,399	428,602	397,089	382,228	423,795	341,877	300,632	259,013	332,994	293,885	227,973	156,856	219,719	183,855	155,091	105,058	152,559	119,079	108,488	85,418	124,429	70,336	68,980	47,884	83,764	61,171	50,526	33,875	62,950	40,648	23,309	12,793	800	200	300	300	300	400	500	400	4,000	300	1,300	400	1,600	900	5,300	10,600	3,300	700	500	500	700	700	800	700	900	800	-	-	3,900	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,758	6,380	5,988	5,208	7,203	5,822	5,964	5,759	6,353	6,478	6,879	6,535	8,556	7,945	7,540	7,011	8,370	7,172	6,549	5,832	7,508	6,850	6,742	5,866	4,633	4,199	4,202	3,670	4,508	3,870	4,198	3,402	3,947	3,565	3,518	3,211	3,460	2,972	2,669	2,513	2,765	2,511	2,500	2,158	2,283	2,299	1,921	1,693	1,911	1,694	1,817	1,756	1,835	2,111	2,081	1,947	2,296	2,003	2,119	2,425	5,884	3,221	3,216	3,348	4,361	4,413	4,775	4,269	8,457	5,095	5,304	4,873	4,455	4,728	4,270	3,754	4,264	3,205	3,017	2,747	2,805	1,985	2,029	1,717	2,049	1,854	1,526	1,351	1,994	1,761	1,220	766	1,087	796	830	694	921	598	551	459	674	366	328	270	-865	813	197	287	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	107,145	99,122	95,798	82,846	110,459	77,884	69,383	65,540	74,818	68,952	73,889	67,744	83,038	73,282	70,408	61,173	70,598	63,450	60,125	52,555	68,040	60,282	60,823	52,752	62,781	55,845	54,701	48,320	60,058	52,478	56,379	46,177	53,542	48,097	45,167	41,612	49,492	40,211	36,105	30,934	36,190	33,467	31,180	25,879	26,883	25,855	23,118	18,977	21,036	19,708	18,853	15,315	18,346	19,624	21,606	17,222	23,058	18,382	18,098	19,145	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 General Administrative	68,972	63,091	52,140	47,519	56,614	48,443	47,932	39,995	53,152	47,192	43,156	37,949	47,937	40,737	36,176	34,170	40,557	37,191	34,779	33,566	37,474	35,906	34,205	30,893	33,192	31,636	29,591	29,622	32,029	33,258	28,898	29,618	26,775	28,774	27,650	29,650	29,138	29,218	24,571	21,671	24,923	24,412	22,451	19,724	17,739	19,209	16,516	14,721	17,602	16,466	14,990	15,126	12,684	15,678	16,729	14,693	21,235	14,269	13,775	13,869	51,336	54,575	10,453	55,058	81,237	70,906	104,433	74,001	95,595	90,281	104,193	90,749	95,589	71,529	62,541	21,997	143,112	19,822	16,794	16,056	15,238	14,403	12,076	12,212	11,189	11,518	11,324	7,465	11,472	11,433	7,884	4,935	7,003	5,363	4,847	4,002	4,744	3,532	3,678	3,146	3,390	3,062	2,274	4,249	10,380	2,451	1,184	1,092	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Tax Provision	60,018	63,974	52,688	34,002	79,884	67,002	81,611	68,629	74,037	60,957	48,262	34,134	42,838	26,388	25,184	15,681	6,921	22,557	16,846	6,958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	176,117	162,213	147,938	130,365	167,073	126,327	117,315	105,535	127,970	116,144	117,045	105,693	130,975	114,019	106,584	95,343	111,155	100,641	94,904	86,121	105,514	96,188	95,028	83,645	95,973	87,481	84,292	77,942	92,087	85,736	85,277	75,795	80,317	76,871	72,817	71,262	78,630	69,429	60,676	52,605	61,113	57,879	53,631	45,603	44,622	45,064	39,634	33,698	38,638	36,174	33,843	30,441	31,030	35,302	38,335	31,915	40,280	32,651	31,873	33,014	51,336	54,575	10,453	55,058	81,237	70,906	104,433	74,001	95,595	90,281	104,193	90,749	95,589	71,529	62,541	21,997	143,112	19,822	16,794	16,056	15,238	14,403	12,076	12,212	11,189	11,518	11,324	7,465	11,472	11,433	7,884	4,935	7,003	5,363	4,847	4,002	4,744	3,532	3,678	3,146	3,390	3,062	2,274	4,249	10,380	2,451	1,184	1,092	800	200	300	300	300	400	500	400	4,000	300	1,300	400	-1,600	900	5,300	10,600	3,300	700	500	500	700	700	800	700	900	800	-	-	-3,900	-	-	-
Total Other Income Expense Net	12,911	12,424	12,862	8,844	3,563	-74	-458	-41	-72	1,268	-16,811	798	3,349	1,188	1,514	611	-1,874	2,402	2,368	1,046	1,302	2,812	1,778	5,325	2,436	1,937	2,650	1,483	4,894	1,875	2,118	126	2,576	-4,119	-33	292	94	1,864	3,688	479	883	651	-2,531	-385	4,775	-5,365	-2,752	1,259	1,208	2,673	2,499	1,631	77	1,897	-1,617	4,735	-6,512	963	10,536	5,753	-3,051	5,092	-34,785	-11,232	-85,486	-58,469	5,470	6,279	9,252	6,720	8,725	7,499	9,372	5,963	4,172	-27,145	3,537	3,366	2,980	2,189	1,865	1,839	863	1,209	1,427	1,502	1,338	1,168	854	669	827	534	574	319	421	532	669	362	670	364	380	434	247	40	-78	119	130	175	0	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 Revenue	1,662,823	1,621,671	1,567,815	1,285,298	2,000,666	1,585,667	1,419,041	1,292,780	1,506,596	1,266,437	1,284,581	1,089,712	1,417,661	1,144,432	1,038,626	905,586	1,142,944	948,187	872,361	714,351	1,018,249	892,561	884,839	748,268	954,671	812,635	809,086	678,441	888,280	760,211	805,167	603,058	788,656	676,810	603,299	523,791	705,528	562,308	510,352	412,445	541,670	497,275	454,870	340,064	364,586	342,643	282,095	204,350	245,990	217,534	220,131	177,589	214,644	233,803	291,405	201,804	285,820	231,816	221,539	231,138	399,575	374,766	375,298	373,429	618,908	578,569	568,667	577,450	821,193	878,196	914,660	847,271	1,040,913	755,450	653,571	551,168	699,819	482,748	433,935	423,502	473,006	380,752	333,833	283,410	369,516	329,129	251,441	169,731	244,883	207,177	175,408	116,706	170,947	135,408	121,702	92,410	137,047	76,786	76,647	51,306	95,446	68,417	55,608	36,513	64,864	46,193	25,465	13,107	400	500	700	700	700	700	1,100	1,100	1,200	1,100	600	300	-32,500	15,900	15,500	16,400	18,900	3,400	16,500	22,100	16,200	26,400	26,900	27,400	10,500	10,700	10,600	11,000	10,600	10,500	9,900	10,500

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

Gross Profit (+$)
totalRevenue	6,113,013
Cost of Revenue	-4,610,900
Gross Profit	1,502,113	1,502,113

Operating Income (+$)
Gross Profit	1,502,113
Operating Expense	-231,722
Operating Income	1,270,391	1,270,391

Operating Expense (+$)
Research Development	0
Selling General Administrative	231,722
Selling And Marketing Expenses	384,911
Operating Expense	231,722	616,633

Net Interest Income (+$)
Interest Income	0
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	0

Pretax Income (+$)
Operating Income	1,270,391
Net Interest Income	0
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	949,430	1,591,352 EBIT - interestExpense = 1,270,391 528,066 738,748
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	1,270,391	949,430
Earnings Before Interest and Taxes (EBITDA)	1,270,391

After tax Income (+$)
Income Before Tax	949,430
Tax Provision	-230,548
Net Income From Continuing Ops	802,262	718,882
Net Income	738,748
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	4,842,622
Total Other Income/Expenses Net	-320,961	0

Technical Analysis of Meritage Corporation
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 Meritage Corporation. The general trend of Meritage Corporation is BULLISH with 14.3% 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 Meritage Corporation'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 (14.3%)		Bearish trend (-14.3%)
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 Meritage Corporation.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 152.71 < 175.68 < 175.75.

The bearish price targets are: 150.98 > 149.93 > 144.39.

Tweet this

Meritage Corporation 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 Meritage Corporation. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

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

Meritage Corporation 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 Meritage Corporation. The current macd is -2.94044717.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Meritage Corporation price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Meritage Corporation. 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 Meritage Corporation 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Meritage Corporation 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 Meritage Corporation. The current adx is 16.29.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Meritage Corporation shares, leading to potential downward 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 bearish trend could be forming. -1

Meritage Corporation 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 Meritage Corporation. The current sar is 166.72.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Meritage Corporation 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 Meritage Corporation. The current rsi is 36.17. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
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.

Meritage Corporation 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 Meritage Corporation. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
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 Meritage Corporation price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Meritage Corporation 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 Meritage Corporation. The current cci is -120.50456892.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

Meritage Corporation 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 Meritage Corporation. The current cmo is -40.17892542.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Meritage Corporation 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 Meritage Corporation. The current willr is -94.42268737.

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

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

Meritage Corporation 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 Meritage Corporation.

Meritage Corporation 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 Meritage Corporation. The current atr is 4.84691348.

Meritage Corporation 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 Meritage Corporation. The current obv is 14,480,843.

Meritage Corporation 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 Meritage Corporation. The current mfi is 29.49.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Meritage Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Meritage Corporation.

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

6.3. Candlestick Patterns

Meritage Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.165
Ma 20	Greater than	Ma 50	162.103
Ma 50	Greater than	Ma 100	159.148
Ma 100	Greater than	Ma 200	161.447
Open	Greater than	Close	150.220
Total			2/5 (40.0%)

Create your own Symbol Scanner

Get notifications about Meritage Corporation

I send you an email if I find something interesting about Meritage Corporation.

Meritage Corporation Buy, Hold or Sell?

Let's analyse Meritage Corporation together

Get notifications about Meritage Corporation

Quick analysis of Meritage Corporation (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Meritage Corporation (5 min.)

$150.43

$124.82

$-302.29 - $12.65

$-177.46 - $137.48

2. Growth of Meritage Corporation (5 min.)

Is Meritage Corporation growing?

How much money is Meritage Corporation making?

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

3. Financial Health of Meritage Corporation (5 min.)

4. Comparing to competitors in the Residential Construction industry (5 min.)

Industry Rankings (Residential Construction)

What can you expect buying and holding a share of Meritage Corporation? (5 min.)

What can you expect buying and holding a share of Meritage Corporation?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Meritage Corporation

About Meritage Corporation

Financial Health

Valuation

1.1. Profitability of Meritage Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Residential Construction)

1.1.2. Return on Assets

Trends

Compared to industry (Residential Construction)

1.1.3. Return on Equity

Trends

Compared to industry (Residential Construction)

1.2. Operating Efficiency of Meritage Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Residential Construction)

1.2.2. Operating Ratio

Trends

Compared to industry (Residential Construction)

1.3. Liquidity of Meritage Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Residential Construction)

1.3.2. Quick Ratio

Trends

Compared to industry (Residential Construction)

1.4. Solvency of Meritage Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Residential Construction)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Residential Construction)

2. Market Valuation of Meritage Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Residential Construction)

Meritage Corporation
Buy, Hold or Sell?