NBT Bancorp Inc
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Penke I guess you are interested in NBT Bancorp Inc. 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 NBT Bancorp Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of NBT Bancorp Inc (30 sec.)

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

How much money do you get?

$1.18

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$30.11

Expected worth in 1 year

$35.32

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$6.40

Return On Investment

18.3%

For what price can you sell your share?

Current Price per Share

$35.01

Expected price per share

$29.80 - $36.84

How sure are you?

50%

1. Valuation of NBT Bancorp Inc (5 min.)

Live pricePrice per Share (EOD)

$35.01

Book Value per Share

$30.11

Intrinsic Value Per Share

$21.41 - $29.28

Total Value Per Share

$51.52 - $59.39

My calculation of the intrinsic value of NBT Bancorp Inc 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: ($0.71) 3Y: ($0.84) TTM: ($0.79)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.00) TTM: ($0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.73	$3.30	$2.83 - $3.37
2	$5.30	$6.52	$2.83 - $3.37
3	$7.74	$9.64	$2.84 - $3.38
4	$10.04	$12.68	$2.84 - $3.39
5	$12.21	$15.64	$2.85 - $3.40
6	$14.27	$18.52	$2.85 - $3.40
7	$16.21	$21.32	$2.86 - $3.41
8	$18.04	$24.05	$2.86 - $3.42
9	$19.77	$26.70	$2.87 - $3.42
10	$21.41	$29.28	$2.87 - $3.43

2. Growth of NBT Bancorp Inc (5 min.)

Is NBT Bancorp Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.4b	$1.1b	$122.4m	9.4%

How much money is NBT Bancorp Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$29.6m	$37.9m	-$8.3m	-28.0%
Net Profit Margin	21.5%	29.6%	-	-

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

Quarterly Yearly

3. Financial Health of NBT Bancorp Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of NBT Bancorp Inc?

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

Speculation

The Price per Share of NBT Bancorp Inc is $35.01. 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 NBT Bancorp Inc.
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 NBT Bancorp Inc, 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 $30.11. Based on the TTM, the Book Value Change Per Share is $1.30 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.41 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 $0.30 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.64	1.8%	0.63	1.8%	0.81	2.3%	0.69	2.0%	0.57	1.6%
Usd Book Value Change Per Share	1.20	3.4%	1.30	3.7%	-0.41	-1.2%	0.43	1.2%	0.32	0.9%
Usd Dividend Per Share	0.32	0.9%	0.30	0.8%	0.26	0.8%	0.26	0.7%	0.24	0.7%
Usd Total Gains Per Share	1.52	4.3%	1.60	4.6%	-0.14	-0.4%	0.69	2.0%	0.56	1.6%
Usd Price Per Share	41.91	-	34.79	-	38.77	-	35.88	-	33.63	-
Price to Earnings Ratio	16.30	-	13.94	-	12.07	-	14.02	-	15.96	-
Price-to-Total Gains Ratio	27.56	-	48.98	-	-278.33	-	-9.46	-	38.51	-
Price to Book Ratio	1.39	-	1.26	-	1.55	-	1.43	-	1.52	-
Price-to-Total Gains Ratio	27.56	-	48.98	-	-278.33	-	-9.46	-	38.51	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	35.01
Number of shares	28

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.30	0.26
Usd Book Value Change Per Share	1.30	0.43
Usd Total Gains Per Share	1.60	0.69
Gains per Quarter (28 shares)	44.80	19.24
Gains per Year (28 shares)	179.21	76.98

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	33	146	169	29	48	67
2	66	292	348	59	95	144
3	99	438	527	88	143	221
4	133	584	706	117	191	298
5	166	730	885	146	238	375
6	199	876	1064	176	286	452
7	232	1022	1243	205	334	529
8	265	1169	1422	234	382	606
9	298	1315	1601	264	429	683
10	331	1461	1780	293	477	760

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%	131.0	1.0	0.0	99.2%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	15.0	5.0	0.0	75.0%	32.0	8.0	0.0	80.0%	103.0	28.0	1.0	78.0%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	132.0	0.0	0.0	100.0%
Total Gains per Share	4.0	0.0	0.0	100.0%	9.0	3.0	0.0	75.0%	17.0	3.0	0.0	85.0%	37.0	3.0	0.0	92.5%	120.0	12.0	0.0	90.9%

Fundamentals of NBT Bancorp Inc

About NBT Bancorp Inc

https://www.nbtbancorp.com
Banks - Regional
2034
52 South Broad Street, Norwich, NY, United States, 13815
Google Maps Bing Maps

NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan administration and recordkeeping services. In addition, the company offers insurance products comprising personal property and casualty, business liability, and commercial insurance, as well as other products and services through 24-hour online, mobile, and telephone channels that enable customers to check balances, make deposits, transfer funds, pay bills, access statements, apply for loans, and access various other products and services. Further, it operates as a property management and passive investment company, as well as investment advisor that provides investment management and financial consulting services. The company operates in upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.

Fundamental data was last updated by Penke on 2024-04-11 15:36:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of NBT Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit NBT Bancorp Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare NBT Bancorp Inc to the Banks - Regional industry mean.
A Net Profit Margin of 16.1% means that $0.16 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of NBT Bancorp Inc:

The MRQ is 16.1%. The company is making a huge profit. +2
The TTM is 21.5%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	16.1%	TTM	21.5%	-5.5%
TTM	21.5%	YOY	29.6%	-8.0%
TTM	21.5%	5Y	26.6%	-5.1%
5Y	26.6%	10Y	24.3%	+2.3%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	16.1%	18.4%	-2.3%
TTM	21.5%	28.0%	-6.5%
YOY	29.6%	25.2%	+4.4%
5Y	26.6%	22.8%	+3.8%
10Y	24.3%	19.8%	+4.5%

Measures how much net profit NBT Bancorp Inc earns for each $1 of revenue.

Revenue is the amount of profit NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of NBT Bancorp Inc is 0.16. This means that NBT Bancorp Inc earned $0.16 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when NBT Bancorp Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of NBT Bancorp Inc 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 NBT Bancorp Inc

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 NBT Bancorp Inc = 30,446
Total revenue MRQ NBT Bancorp Inc = 189,402
$30,446 / $189,402 = 0.16 or 16.1%

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 NBT Bancorp Inc is using its assets to generate profit.

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

Let's take a look of the Return on Assets trends of NBT Bancorp Inc:

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

Trends

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

Compared to industry (Banks - Regional)

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

Shows how efficient NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively NBT Bancorp Inc is using its resources to generate profit. If the return on assets (0.2%) from NBT Bancorp Inc are higher than the Banks - Regional mean (0.1%) that means NBT Bancorp Inc 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 NBT Bancorp Inc is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from NBT Bancorp Inc = 30,446
Total assets MRQ (balance sheet) from NBT Bancorp Inc = 13,309,040
30,446 / 13,309,040 = 0.00 or 0.2%

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

Above 15%-20% is considered healthy but always compare NBT Bancorp Inc to the Banks - Regional industry mean.
2.1% Return on Equity means NBT Bancorp Inc generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NBT Bancorp Inc:

The MRQ is 2.1%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.1%	TTM	2.3%	-0.2%
TTM	2.3%	YOY	3.2%	-0.9%
TTM	2.3%	5Y	2.7%	-0.4%
5Y	2.7%	10Y	2.5%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.1%	1.4%	+0.7%
TTM	2.3%	2.5%	-0.2%
YOY	3.2%	2.7%	+0.5%
5Y	2.7%	2.5%	+0.2%
10Y	2.5%	2.8%	-0.3%

Shows how efficient NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of NBT Bancorp Inc is 2.1%. This means NBT Bancorp Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc up to 10 years back (depending if NBT Bancorp Inc 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 NBT Bancorp Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) NBT Bancorp Inc = 30,446
Shareholders equity (balance sheet) MRQ NBT Bancorp Inc = 1,425,691
30,446 / 1,425,691 = 0.02 or 2.1%

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 NBT Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient NBT Bancorp Inc is operating .

Measures how much profit NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NBT Bancorp Inc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	26.3%	-26.3%
TTM	26.3%	YOY	44.0%	-17.7%
TTM	26.3%	5Y	42.0%	-15.7%
5Y	42.0%	10Y	41.5%	+0.6%

Measures how efficient NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit NBT Bancorp Inc 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 NBT Bancorp Inc is 0.0%. This means that NBT Bancorp Inc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ NBT Bancorp Inc = -132,801
Total revenue MRQ NBT Bancorp Inc = 189,402
$-132,801 / $189,402 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient NBT Bancorp Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.19 means that the operating costs are $0.19 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of NBT Bancorp Inc:

The MRQ is 0.186. The company is very efficient in keeping operating costs low. +2
The TTM is -0.282.

Trends

Current period		Compared to		+/-
MRQ	0.186	TTM	-0.282	+0.468
TTM	-0.282	YOY	0.028	-0.309
TTM	-0.282	5Y	0.050	-0.331
5Y	0.050	10Y	0.163	-0.114

Measures how efficient NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of NBT Bancorp Inc is 18.6%. This means that NBT Bancorp Inc earned $0.19 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(0 +35,309) \ 189,402 = 0.19

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 NBT Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if NBT Bancorp Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.05 means the company has $0.05 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of NBT Bancorp Inc:

The MRQ is 0.049. The company is unable to pay all its short-term debts. -2
The TTM is 2.620. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	0.049	TTM	2.620	-2.570
TTM	2.620	YOY	24.885	-22.265
TTM	2.620	5Y	34.316	-31.697
5Y	34.316	10Y	23.767	+10.550

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	2.620	0.124	+2.496
YOY	24.885	0.225	+24.660
5Y	34.316	0.219	+34.097
10Y	23.767	0.131	+23.636

Measures if NBT Bancorp Inc is able to pay off Short-term Debt.

How to use current ratio

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

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for NBT Bancorp Inc 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 NBT Bancorp Inc is 0.05. This means NBT Bancorp Inc has $0.05 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
247,889 \ 5,014,271) = 0.05

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

Above 1 is considered healthy but always compare NBT Bancorp Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.25 means the company can pay off $0.25 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NBT Bancorp Inc:

The MRQ is 0.251. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 12.195. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.251	TTM	12.195	-11.945
TTM	12.195	YOY	134.339	-122.143
TTM	12.195	5Y	53.142	-40.947
5Y	53.142	10Y	29.209	+23.933

Measures if NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast NBT Bancorp Inc can pay off its short term debts. This shows if NBT Bancorp Inc 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 NBT Bancorp Inc is 0.25. This means that NBT Bancorp Inc can pay off $0.25 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

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 NBT Bancorp Inc: (-173,811 + 1,430,858 +0) / 5,014,271 = 0.25

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 NBT Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of NBT Bancorp Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare NBT Bancorp Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.89 means that NBT Bancorp Inc assets are financed with 89.3% credit (debt) and the remaining percentage (100% - 89.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of NBT Bancorp Inc:

The MRQ is 0.893. The company is just able to pay all its debts by selling its assets.
The TTM is 0.898. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.893	TTM	0.898	-0.005
TTM	0.898	YOY	0.900	-0.003
TTM	0.898	5Y	0.895	+0.003
5Y	0.895	10Y	0.894	+0.000

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.893	0.915	-0.022
TTM	0.898	0.917	-0.019
YOY	0.900	0.919	-0.019
5Y	0.895	0.919	-0.024
10Y	0.894	0.927	-0.033

Measures how much % of NBT Bancorp Inc assets are financed with debt.

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

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of NBT Bancorp Inc is 0.89. This means means that NBT Bancorp Inc is financed with 89.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example NBT Bancorp Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
11,883,349 \ 13,309,040 = 89.3% or 0.89.

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 NBT Bancorp Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare NBT Bancorp Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 833.5% means that company has $8.34 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of NBT Bancorp Inc:

The MRQ is 8.335. The company is unable to pay all its debts with equity. -1
The TTM is 8.769. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.335	TTM	8.769	-0.434
TTM	8.769	YOY	9.008	-0.239
TTM	8.769	5Y	8.506	+0.263
5Y	8.506	10Y	8.476	+0.030

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	8.335	10.829	-2.494
TTM	8.769	11.013	-2.244
YOY	9.008	11.363	-2.355
5Y	8.506	11.437	-2.931
10Y	8.476	13.038	-4.562

Measures if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc is 8.34. This means that NBT Bancorp Inc can pay off $8.34 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
11,883,349 \ 1,425,691 = 8.34 or 833.5%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of NBT Bancorp Inc

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 NBT Bancorp Inc generates.

Above 15 is considered overpriced but always compare NBT Bancorp Inc to the Banks - Regional industry mean.
A PE ratio of 16.30 means the investor is paying $16.30 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of NBT Bancorp Inc:

The EOD is 13.614. Based on the earnings, the company is underpriced. +1
The MRQ is 16.297. Based on the earnings, the company is fair priced.
The TTM is 13.943. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	13.614	MRQ	16.297	-2.683
MRQ	16.297	TTM	13.943	+2.355
TTM	13.943	YOY	12.066	+1.876
TTM	13.943	5Y	14.018	-0.075
5Y	14.018	10Y	15.959	-1.942

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	13.614	7.690	+5.924
MRQ	16.297	6.680	+9.617
TTM	13.943	5.295	+8.648
YOY	12.066	6.943	+5.123
5Y	14.018	9.770	+4.248
10Y	15.959	9.943	+6.016

Measures how much money you pay for each share for every $1 in earnings NBT Bancorp Inc 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 NBT Bancorp Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of NBT Bancorp Inc is 16.30. This means the investor is paying $16.30 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how NBT Bancorp Inc is performing over time. The most recent quarter might be important if NBT Bancorp Inc 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 NBT Bancorp Inc 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 NBT Bancorp Inc

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 \ 47,357 = EPS
PE ratio MRQ = 16.30

* 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 NBT Bancorp Inc:

The EOD is 13.090. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 15.670. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 12.667. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	13.090	MRQ	15.670	-2.580
MRQ	15.670	TTM	12.667	+3.003
TTM	12.667	YOY	11.788	+0.879
TTM	12.667	5Y	12.364	+0.303
5Y	12.364	10Y	13.432	-1.068

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	13.090	-2.150	+15.240
MRQ	15.670	-1.868	+17.538
TTM	12.667	-0.342	+13.009
YOY	11.788	6.448	+5.340
5Y	12.364	0.429	+11.935
10Y	13.432	0.091	+13.341

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.39 means the investor is paying $1.39 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of NBT Bancorp Inc:

The EOD is 1.163. Based on the equity, the company is underpriced. +1
The MRQ is 1.392. Based on the equity, the company is underpriced. +1
The TTM is 1.260. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.163	MRQ	1.392	-0.229
MRQ	1.392	TTM	1.260	+0.132
TTM	1.260	YOY	1.550	-0.290
TTM	1.260	5Y	1.430	-0.170
5Y	1.430	10Y	1.522	-0.092

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.163	0.444	+0.719
MRQ	1.392	0.386	+1.006
TTM	1.260	0.470	+0.790
YOY	1.550	0.642	+0.908
5Y	1.430	0.795	+0.635
10Y	1.522	1.025	+0.497

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding NBT Bancorp Inc

Institutions are holding 59.163% of the shares of NBT Bancorp Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	14.2623	0.0072	6724989	111922	1.6924
2023-12-31	Vanguard Group Inc	11.9665	0.0052	5642447	126572	2.2947
2023-12-31	Dimensional Fund Advisors, Inc.	4.6091	0.0266	2173297	17039	0.7902
2023-12-31	State Street Corporation	4.2829	0.0041	2019456	134229	7.12
2023-12-31	Goldman Sachs Group Inc	2.2437	0.004	1057930	548049	107.4857
2023-12-31	Geode Capital Management, LLC	2.1803	0.0045	1028050	48609	4.9629
2023-12-31	Northern Trust Corp	1.6339	0.0058	770414	29273	3.9497
2023-12-31	Fuller & Thaler Asset Management Inc	1.6267	0.1629	767014	14173	1.8826
2023-12-31	Charles Schwab Investment Management Inc	1.1245	0.0056	530209	25528	5.0582
2023-12-31	Bank of New York Mellon Corp	1.0295	0.0041	485410	-28135	-5.4786
2023-12-31	American Century Companies Inc	0.8031	0.0109	378688	13826	3.7894
2023-12-31	Morgan Stanley - Brokerage Accounts	0.7827	0.0014	369068	38713	11.7186
2023-12-31	NORGES BANK	0.6349	0.0022	299374	-42461	-12.4215
2023-12-31	Manufacturers Life Insurance Co	0.6232	0.0074	293856	4225	1.4588
2023-12-31	NBT Bank National Association	0.6228	0.9642	293684	12515	4.4511
2023-12-31	HSBC Holdings PLC	0.5717	0.01	269565	269565	0
2023-12-31	Principal Financial Group Inc	0.5536	0.007	261033	-4387	-1.6529
2023-12-31	Eagle Asset Management, Inc.	0.5047	0.0535	237975	4180	1.7879
2023-12-31	Rhumbline Advisers	0.31	0.0064	146188	6194	4.4245
2023-12-31	AllianceBernstein L.P.	0.2966	0.0023	139864	-60719	-30.2713
Total		50.6627	1.2953	23888511	+1268910	+5.3%

3.2. Funds holding NBT Bancorp Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	6.7347	0.145	3175757	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9682	0.0031	1399640	-6246	-0.4443
2024-02-29	Vanguard Small Cap Index	2.4454	0.0282	1153119	10734	0.9396
2024-03-28	iShares Russell 2000 ETF	2.2415	0.0592	1056997	0	0
2024-02-29	Vanguard Small Cap Value Index Inv	1.6631	0.0507	784239	3264	0.4179
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	1.5348	0.3815	723744	12353	1.7365
2023-12-31	FullerThaler Behavioral Small-Cap Equity	1.5348	0.3814	723744	12353	1.7365
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4837	0.0236	699623	522	0.0747
2024-03-28	iShares S&P Small-Cap 600 Value ETF	1.2312	0.2948	580578	-4541	-0.7761
2024-01-31	Fidelity Small Cap Index	0.984	0.0666	463985	7853	1.7217
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.8829	0.1452	416316	425	0.1022
2024-03-28	iShares Russell 2000 Value ETF	0.7988	0.1102	376658	425	0.113
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7801	0.1424	367874	0	0
2024-02-29	DFA US Targeted Value I	0.7772	0.0977	366495	0	0
2024-02-29	DFA US Micro Cap I	0.7076	0.16	333653	-2000	-0.5959
2024-03-28	SPDR® S&P 600 Small Cap Value ETF	0.6925	0.3	326546	0	0
2024-03-29	Dimensional US Targeted Value ETF	0.6604	0.1137	311405	0	0
2024-02-29	DFA US Small Cap I	0.6485	0.0678	305816	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.6283	0.1002	296282	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5966	0.0232	281341	5100	1.8462
Total		29.9943	2.6945	14143812	+40242	+0.3%

3.3. Insider Transactions

Insiders are holding 3.597% of the shares of NBT Bancorp Inc.

Date	Owner	Type	Amount	Price
2024-03-15	Amy Wiles	SELL	641	33.62
2024-01-29	Lowell A Seifter	SELL	4770	37.5
2024-01-26	Lowell A Seifter	SELL	3230	36.96
2024-01-25	Scott Allen Kingsley	BUY	1000	36.8
2023-12-14	Jason David Brown	BUY	350	41.5
2023-08-10	Jason David Brown	BUY	650	36.99
2023-06-14	Amy Wiles	SELL	2000	35.5
2023-05-02	Timothy E Delaney	BUY	40000	29.77

4. Summary

4.1. Key Performance Indicators

The key performance indicators of NBT Bancorp Inc 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	-	-	1.203	1.304	-8%	-0.408	+134%	0.426	+182%	0.320	+276%
Book Value Per Share	-	-	30.105	27.594	+9%	25.030	+20%	25.205	+19%	22.278	+35%
Current Ratio	-	-	0.049	2.620	-98%	24.885	-100%	34.316	-100%	23.767	-100%
Debt To Asset Ratio	-	-	0.893	0.898	-1%	0.900	-1%	0.895	0%	0.894	0%
Debt To Equity Ratio	-	-	8.335	8.769	-5%	9.008	-7%	8.506	-2%	8.476	-2%
Dividend Per Share	-	-	0.318	0.296	+8%	0.264	+21%	0.261	+22%	0.235	+35%
Eps	-	-	0.643	0.629	+2%	0.806	-20%	0.690	-7%	0.570	+13%
Free Cash Flow Per Share	-	-	0.669	0.791	-15%	0.934	-28%	0.802	-17%	0.706	-5%
Free Cash Flow To Equity Per Share	-	-	-10.973	0.245	-4587%	-0.809	-93%	2.417	-554%	2.264	-585%
Gross Profit Margin	-	-	0.960	0.974	-1%	0.981	-2%	0.978	-2%	0.972	-1%
Intrinsic Value_10Y_max	-	-	29.281	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	21.412	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.303	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.726	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	9.642	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	7.737	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	15.643	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	12.211	-	-	-	-	-	-	-	-
Market Cap	1650795021.000	-20%	1984727637.090	1642567340.523	+21%	1828204797.250	+9%	1692010743.805	+17%	1586045793.377	+25%
Net Profit Margin	-	-	0.161	0.215	-25%	0.296	-46%	0.266	-40%	0.243	-34%
Operating Margin	-	-	-	0.263	-100%	0.440	-100%	0.420	-100%	0.415	-100%
Operating Ratio	-	-	0.186	-0.282	+251%	0.028	+577%	0.050	+276%	0.163	+14%
Pb Ratio	1.163	-20%	1.392	1.260	+10%	1.550	-10%	1.430	-3%	1.522	-9%
Pe Ratio	13.614	-20%	16.297	13.943	+17%	12.066	+35%	14.018	+16%	15.959	+2%
Price Per Share	35.010	-20%	41.910	34.790	+20%	38.773	+8%	35.875	+17%	33.632	+25%
Price To Free Cash Flow Ratio	13.090	-20%	15.670	12.667	+24%	11.788	+33%	12.364	+27%	13.432	+17%
Price To Total Gains Ratio	23.019	-20%	27.556	48.984	-44%	-278.328	+1110%	-9.455	+134%	38.507	-28%
Quick Ratio	-	-	0.251	12.195	-98%	134.339	-100%	53.142	-100%	29.209	-99%
Return On Assets	-	-	0.002	0.002	-3%	0.003	-29%	0.003	-21%	0.003	-14%
Return On Equity	-	-	0.021	0.023	-7%	0.032	-34%	0.027	-22%	0.025	-16%
Total Gains Per Share	-	-	1.521	1.600	-5%	-0.144	+109%	0.687	+121%	0.555	+174%
Usd Book Value	-	-	1425691000.000	1302666000.000	+9%	1180226500.000	+21%	1188797650.000	+20%	1050620925.000	+36%
Usd Book Value Change Per Share	-	-	1.203	1.304	-8%	-0.408	+134%	0.426	+182%	0.320	+276%
Usd Book Value Per Share	-	-	30.105	27.594	+9%	25.030	+20%	25.205	+19%	22.278	+35%
Usd Dividend Per Share	-	-	0.318	0.296	+8%	0.264	+21%	0.261	+22%	0.235	+35%
Usd Eps	-	-	0.643	0.629	+2%	0.806	-20%	0.690	-7%	0.570	+13%
Usd Free Cash Flow	-	-	31664000.000	37317000.000	-15%	44053500.000	-28%	37822400.000	-16%	33292500.000	-5%
Usd Free Cash Flow Per Share	-	-	0.669	0.791	-15%	0.934	-28%	0.802	-17%	0.706	-5%
Usd Free Cash Flow To Equity Per Share	-	-	-10.973	0.245	-4587%	-0.809	-93%	2.417	-554%	2.264	-585%
Usd Market Cap	1650795021.000	-20%	1984727637.090	1642567340.523	+21%	1828204797.250	+9%	1692010743.805	+17%	1586045793.377	+25%
Usd Price Per Share	35.010	-20%	41.910	34.790	+20%	38.773	+8%	35.875	+17%	33.632	+25%
Usd Profit	-	-	30446000.000	29695500.000	+3%	37998750.000	-20%	32553550.000	-6%	26892400.000	+13%
Usd Revenue	-	-	189402000.000	142505750.000	+33%	128780250.000	+47%	123559500.000	+53%	109841000.000	+72%
Usd Total Gains Per Share	-	-	1.521	1.600	-5%	-0.144	+109%	0.687	+121%	0.555	+174%
	EOD	+4 -4	MRQ	TTM	+14 -22	YOY	+17 -19	5Y	+17 -19	10Y	+19 -17

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	13.614
Price to Book Ratio (EOD)	Between	0-1	1.163
Net Profit Margin (MRQ)	Greater than	0	0.161
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.251
Current Ratio (MRQ)	Greater than	1	0.049
Debt to Asset Ratio (MRQ)	Less than	1	0.893
Debt to Equity Ratio (MRQ)	Less than	1	8.335
Return on Equity (MRQ)	Greater than	0.15	0.021
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			3/10 (30.0%)

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 NBT Bancorp Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.242
Ma 20	Greater than	Ma 50	34.827
Ma 50	Greater than	Ma 100	34.782
Ma 100	Greater than	Ma 200	36.729
Open	Greater than	Close	35.130
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-585,012	109,786	-475,226	-177,187	-652,413	162,233	-490,180	5,110,698	4,620,518
Long-term Assets Other	-136,147	-2,671,519	-2,807,666	52,471	-2,755,195	-79,539	-2,834,734	3,249,730	414,996
Cash and Short Term Investments	1,724,575	17,228	1,741,803	-85,989	1,655,814	415,872	2,071,686	-2,245,497	-173,811
Net Working Capital	1,139,563	127,014	1,266,577	-263,176	1,003,401	578,105	1,581,506	-6,347,888	-4,766,382
Operating Income	56,077	6,293	62,370	-23,640	38,730	-7,029	31,701	-164,502	-132,801

Latest Balance Sheet

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

Summary

Total Assets	13,309,040
Total Liabilities	11,883,349
Total Stockholder Equity	1,425,691

	As reported
Total Liabilities	11,883,349
Total Stockholder Equity	+ 1,425,691
Total Assets	= 13,309,040

Assets

Total Assets	13,309,040
Total Current Assets	247,889
Long-term Assets	13,061,151

Total Current Assets

Total Current Assets (as reported)	247,889
Cash And Cash Equivalents	205,189
Short-term Investments	1,430,858
Total Current Assets (calculated)	1,636,047
+/-	1,388,158

Long-term Assets

Long-term Assets (as reported)	13,061,151
Property Plant Equipment	107,375
Goodwill	361,851
Long Term Investments	2,373,716
Intangible Assets	40,443
Long-term Assets Other	414,996
Long-term Assets (calculated)	3,298,381
+/-	9,762,770

Liabilities & Shareholders' Equity

Total Current Liabilities	5,014,271
Long-term Liabilities	6,869,078
Total Stockholder Equity	1,425,691

Total Current Liabilities

Total Current Liabilities (as reported)	5,014,271
Short-term Debt	393,753
Short Long Term Debt	293,000
Other Current Liabilities	4,620,518
Total Current Liabilities (calculated)	5,307,271
+/-	293,000

Long-term Liabilities

Long-term Liabilities (as reported)	6,869,078
Long term Debt	250,736
Long-term Liabilities (calculated)	250,736
+/-	6,618,342

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,425,691
Common Stock	540
Retained Earnings	1,021,831
Accumulated Other Comprehensive Income	-160,934
Other Stockholders Equity	564,254
Total Stockholder Equity (calculated)	1,425,691
+/-	0

Other

Capital Stock	540
Cash and Short Term Investments	-173,811
Common Stock Shares Outstanding	47,357
Liabilities and Stockholders Equity	13,309,040
Net Debt	460,424
Net Invested Capital	1,969,427
Net Working Capital	-4,766,382
Property Plant and Equipment Gross	243,492
Short Long Term Debt Total	665,613

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

> Total Assets

850,700
821,500
852,800
838,900
847,500
833,300
864,300
868,600
889,000
908,800
954,300
953,900
968,800
1,048,100
1,029,900
1,044,600
1,036,400
1,044,700
1,058,600
1,106,300
1,109,500
1,124,600
1,141,300
1,139,000
1,202,600
1,238,500
1,282,300
1,280,600
1,289,300
1,298,400
1,302,900
1,290,000
1,307,100
1,350,800
1,378,300
1,393,600
2,029,106
2,101,321
2,559,064
2,655,788
2,580,657
2,703,523
2,678,207
3,638,202
3,594,875
3,678,098
3,728,685
3,723,726
3,751,747
3,917,457
4,047,237
4,046,885
4,016,733
4,125,374
4,201,089
4,212,304
4,255,439
4,381,364
4,385,621
4,426,773
4,885,851
4,995,912
5,059,171
5,087,572
5,100,781
5,121,634
5,151,072
5,201,776
5,229,771
5,309,500
5,335,158
5,336,088
5,406,234
5,417,057
5,484,387
5,464,026
5,531,060
5,415,161
5,481,992
5,338,856
5,477,612
5,336,996
5,478,451
5,598,406
5,784,973
5,967,568
6,028,916
6,042,259
7,610,831
7,534,518
7,668,903
7,652,175
7,753,129
7,869,512
7,867,031
7,797,926
7,863,861
8,072,485
8,161,562
8,262,646
8,472,964
8,624,780
8,773,024
8,867,268
8,945,485
9,076,418
9,155,396
9,136,812
9,231,986
9,467,138
9,547,284
9,556,363
9,533,510
9,635,718
9,661,386
9,715,925
9,953,543
10,847,184
10,850,212
10,932,906
11,537,253
11,574,947
11,994,411
12,012,111
12,147,833
11,720,459
11,640,742
11,739,296
11,839,730
11,890,497
13,827,628
13,309,040

13,309,040

13,827,628

11,890,497

11,839,730

11,739,296

11,640,742

11,720,459

12,147,833

12,012,111

11,994,411

11,574,947

11,537,253

10,932,906

10,850,212

10,847,184

9,953,543

9,715,925

9,661,386

9,635,718

9,533,510

9,556,363

9,547,284

9,467,138

9,231,986

9,136,812

9,155,396

9,076,418

8,945,485

8,867,268

8,773,024

8,624,780

8,472,964

8,262,646

8,161,562

8,072,485

7,863,861

7,797,926

7,867,031

7,869,512

7,753,129

7,652,175

7,668,903

7,534,518

7,610,831

6,042,259

6,028,916

5,967,568

5,784,973

5,598,406

5,478,451

5,336,996

5,477,612

5,338,856

5,481,992

5,415,161

5,531,060

5,464,026

5,484,387

5,417,057

5,406,234

5,336,088

5,335,158

5,309,500

5,229,771

5,201,776

5,151,072

5,121,634

5,100,781

5,087,572

5,059,171

4,995,912

4,885,851

4,426,773

4,385,621

4,381,364

4,255,439

4,212,304

4,201,089

4,125,374

4,016,733

4,046,885

4,047,237

3,917,457

3,751,747

3,723,726

3,728,685

3,678,098

3,594,875

3,638,202

2,678,207

2,703,523

2,580,657

2,655,788

2,559,064

2,101,321

2,029,106

1,393,600

1,378,300

1,350,800

1,307,100

1,290,000

1,302,900

1,298,400

1,289,300

1,280,600

1,282,300

1,238,500

1,202,600

1,139,000

1,141,300

1,124,600

1,109,500

1,106,300

1,058,600

1,044,700

1,036,400

1,044,600

1,029,900

1,048,100

968,800

953,900

954,300

908,800

889,000

868,600

864,300

833,300

847,500

838,900

852,800

821,500

850,700

> Total Current Assets

79,500
83,600
107,200
62,400
72,500
42,800
40,900
39,600
44,700
43,100
51,000
36,100
35,100
44,100
38,900
43,400
1,011,400
1,019,900
1,033,900
1,078,200
1,081,800
1,097,400
1,114,700
1,112,700
1,176,500
1,212,100
1,255,800
1,253,200
1,261,400
1,269,800
1,274,700
1,262,200
1,279,600
1,323,300
1,350,600
1,365,300
60,823
68,773
76,325
2,584,592
2,508,886
2,620,753
2,595,125
3,524,829
3,485,717
3,568,929
3,620,838
2,523,798
2,550,728
2,726,293
2,761,776
2,856,377
2,835,371
2,953,793
3,032,176
3,066,654
3,102,237
3,214,880
3,230,571
3,263,545
3,486,766
3,602,076
3,630,371
3,662,614
3,658,204
3,676,277
3,682,710
3,734,938
3,767,229
3,878,680
3,881,146
3,872,768
3,951,353
3,957,787
3,979,078
3,983,163
4,018,734
3,951,929
4,096,373
3,909,582
4,079,913
3,898,736
4,030,136
4,055,150
4,240,859
4,431,109
4,525,733
4,582,569
5,696,304
5,636,330
5,780,825
5,785,351
5,875,165
5,982,968
5,981,087
5,949,392
5,956,301
6,111,273
6,256,381
6,236,646
6,368,739
6,477,959
6,624,655
6,626,330
6,688,643
6,817,731
6,927,215
7,022,579
7,095,182
7,334,766
7,391,910
7,381,877
7,407,813
7,519,964
7,660,619
7,720,320
7,942,369
8,741,842
8,592,288
8,570,429
9,160,810
9,021,793
9,340,218
9,196,429
2,756,877
1,814,379
1,877,559
1,724,575
1,741,803
1,655,814
2,071,686
247,889

247,889

2,071,686

1,655,814

1,741,803

1,724,575

1,877,559

1,814,379

2,756,877

9,196,429

9,340,218

9,021,793

9,160,810

8,570,429

8,592,288

8,741,842

7,942,369

7,720,320

7,660,619

7,519,964

7,407,813

7,381,877

7,391,910

7,334,766

7,095,182

7,022,579

6,927,215

6,817,731

6,688,643

6,626,330

6,624,655

6,477,959

6,368,739

6,236,646

6,256,381

6,111,273

5,956,301

5,949,392

5,981,087

5,982,968

5,875,165

5,785,351

5,780,825

5,636,330

5,696,304

4,582,569

4,525,733

4,431,109

4,240,859

4,055,150

4,030,136

3,898,736

4,079,913

3,909,582

4,096,373

3,951,929

4,018,734

3,983,163

3,979,078

3,957,787

3,951,353

3,872,768

3,881,146

3,878,680

3,767,229

3,734,938

3,682,710

3,676,277

3,658,204

3,662,614

3,630,371

3,602,076

3,486,766

3,263,545

3,230,571

3,214,880

3,102,237

3,066,654

3,032,176

2,953,793

2,835,371

2,856,377

2,761,776

2,726,293

2,550,728

2,523,798

3,620,838

3,568,929

3,485,717

3,524,829

2,595,125

2,620,753

2,508,886

2,584,592

76,325

68,773

60,823

1,365,300

1,350,600

1,323,300

1,279,600

1,262,200

1,274,700

1,269,800

1,261,400

1,253,200

1,255,800

1,212,100

1,176,500

1,112,700

1,114,700

1,097,400

1,081,800

1,078,200

1,033,900

1,019,900

1,011,400

43,400

38,900

44,100

35,100

36,100

51,000

43,100

44,700

39,600

40,900

42,800

72,500

62,400

107,200

83,600

79,500

Cash And Cash Equivalents

69,500
75,200
99,000
62,400
72,500
42,800
40,900
39,600
44,700
43,100
51,000
36,100
35,100
44,100
38,900
43,400
62,000
45,500
38,600
44,400
54,100
53,900
51,700
35,800
45,000
36,200
56,600
37,400
39,700
42,900
47,700
47,200
48,300
51,800
44,800
46,000
60,823
68,773
76,325
110,662
81,931
82,443
87,482
129,957
100,999
114,406
139,410
124,623
129,616
147,391
123,003
128,044
102,709
109,945
126,851
98,437
112,303
124,436
134,131
142,488
133,268
145,580
151,677
138,793
157,092
141,310
148,481
162,946
136,975
147,417
143,593
110,396
179,333
191,519
245,225
187,161
236,776
167,037
340,733
168,792
321,946
102,766
191,945
129,381
299,604
139,164
140,440
163,668
299,146
143,687
208,242
158,926
185,564
183,337
174,535
146,636
142,663
134,211
185,000
140,297
155,510
171,603
188,437
149,181
141,896
163,930
181,816
159,664
159,579
152,483
174,633
180,955
177,119
189,432
274,096
216,843
283,360
699,492
617,460
672,681
1,155,025
1,066,943
1,346,106
1,269,071
1,094,180
523,616
321,058
197,350
229,795
201,888
672,654
205,189

205,189

672,654

201,888

229,795

197,350

321,058

523,616

1,094,180

1,269,071

1,346,106

1,066,943

1,155,025

672,681

617,460

699,492

283,360

216,843

274,096

189,432

177,119

180,955

174,633

152,483

159,579

159,664

181,816

163,930

141,896

149,181

188,437

171,603

155,510

140,297

185,000

134,211

142,663

146,636

174,535

183,337

185,564

158,926

208,242

143,687

299,146

163,668

140,440

139,164

299,604

129,381

191,945

102,766

321,946

168,792

340,733

167,037

236,776

187,161

245,225

191,519

179,333

110,396

143,593

147,417

136,975

162,946

148,481

141,310

157,092

138,793

151,677

145,580

133,268

142,488

134,131

124,436

112,303

98,437

126,851

109,945

102,709

128,044

123,003

147,391

129,616

124,623

139,410

114,406

100,999

129,957

87,482

82,443

81,931

110,662

76,325

68,773

60,823

46,000

44,800

51,800

48,300

47,200

47,700

42,900

39,700

37,400

56,600

36,200

45,000

35,800

51,700

53,900

54,100

44,400

38,600

45,500

62,000

43,400

38,900

44,100

35,100

36,100

51,000

43,100

44,700

39,600

40,900

42,800

72,500

62,400

99,000

75,200

69,500

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,233
0
0
0
6,756
0
0
0
2,799
0
0
0
2,454
0
0
0
950,555
0
942,770
0
7,987
1,112,118
1,100,416
1,111,473
7,857
1,116,205
1,118,124
1,146,524
7,451
1,127,707
1,104,491
1,101,103
2,987
1,111,372
1,114,330
1,132,423
79,181
1,151,746
1,137,986
1,080,165
1,129,368
1,105,606
1,156,679
1,169,552
1,244,619
1,243,122
1,221,706
1,191,107
1,147,999
1,465,791
1,390,403
1,385,734
1,364,881
1,377,585
1,378,799
1,044,502
1,013,171
1,071,654
1,129,249
1,058,397
1,174,544
1,259,874
1,271,596
1,288,899
1,338,290
1,367,574
1,365,521
1,357,614
1,255,925
1,265,912
1,192,939
1,101,074
998,496
951,859
979,696
932,173
975,340
1,000,980
1,108,443
1,197,925
1,348,698
1,387,028
1,534,733
1,576,030
1,687,361
1,662,697
1,619,356
1,556,501
1,527,225
1,512,008
1,453,926
1,399,032
1,430,858

1,430,858

1,399,032

1,453,926

1,512,008

1,527,225

1,556,501

1,619,356

1,662,697

1,687,361

1,576,030

1,534,733

1,387,028

1,348,698

1,197,925

1,108,443

1,000,980

975,340

932,173

979,696

951,859

998,496

1,101,074

1,192,939

1,265,912

1,255,925

1,357,614

1,365,521

1,367,574

1,338,290

1,288,899

1,271,596

1,259,874

1,174,544

1,058,397

1,129,249

1,071,654

1,013,171

1,044,502

1,378,799

1,377,585

1,364,881

1,385,734

1,390,403

1,465,791

1,147,999

1,191,107

1,221,706

1,243,122

1,244,619

1,169,552

1,156,679

1,105,606

1,129,368

1,080,165

1,137,986

1,151,746

79,181

1,132,423

1,114,330

1,111,372

2,987

1,101,103

1,104,491

1,127,707

7,451

1,146,524

1,118,124

1,116,205

7,857

1,111,473

1,100,416

1,112,118

7,987

942,770

950,555

2,454

2,799

6,756

14,233

Net Receivables

10,000
8,400
8,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,419,127
7,473,442
7,406,459
7,559,826
7,684,081
7,807,984
8,049,347
8,164,328
8,257,724
0
0

8,257,724

8,164,328

8,049,347

7,807,984

7,684,081

7,559,826

7,406,459

7,473,442

7,419,127

8,200

8,400

10,000

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
949,400
974,400
995,300
1,033,800
1,027,700
1,043,500
1,063,000
1,076,900
1,131,500
1,175,900
1,199,200
1,215,800
1,221,700
1,226,900
1,227,000
1,215,000
1,231,300
1,271,500
1,305,800
1,319,300
0
0
0
2,473,930
2,426,955
2,538,310
2,507,643
3,394,872
3,384,718
3,454,523
3,481,428
2,399,175
2,421,112
2,578,902
2,638,773
2,728,333
2,732,662
2,843,848
2,905,325
2,968,217
2,989,934
3,090,444
3,096,440
3,121,057
3,353,498
3,456,496
3,478,694
3,523,821
3,501,112
3,534,967
3,534,229
3,571,992
3,630,254
3,731,263
3,737,553
3,762,372
3,772,020
3,766,268
3,733,853
3,796,002
3,781,958
3,784,892
3,755,640
3,740,790
3,757,967
3,795,970
3,838,191
3,925,769
3,941,255
4,291,945
4,385,293
3,270,902
3,931,367
4,102,240
4,186,849
4,261,544
4,312,016
4,420,832
4,762,050
4,789,585
4,741,984
4,847,813
5,012,984
4,921,805
4,953,355
5,034,760
5,147,319
5,138,859
5,179,173
5,288,280
5,387,785
5,606,990
5,669,691
5,989,344
6,116,203
6,202,426
6,278,835
6,350,836
6,454,350
6,528,137
6,658,029
6,933,907
6,776,903
6,549,050
6,618,757
6,420,117
6,418,082
6,239,997
263
-328,593
321,058
230,455
229,900
202,067
672,654
247,889

247,889

672,654

202,067

229,900

230,455

321,058

-328,593

263

6,239,997

6,418,082

6,420,117

6,618,757

6,549,050

6,776,903

6,933,907

6,658,029

6,528,137

6,454,350

6,350,836

6,278,835

6,202,426

6,116,203

5,989,344

5,669,691

5,606,990

5,387,785

5,288,280

5,179,173

5,138,859

5,147,319

5,034,760

4,953,355

4,921,805

5,012,984

4,847,813

4,741,984

4,789,585

4,762,050

4,420,832

4,312,016

4,261,544

4,186,849

4,102,240

3,931,367

3,270,902

4,385,293

4,291,945

3,941,255

3,925,769

3,838,191

3,795,970

3,757,967

3,740,790

3,755,640

3,784,892

3,781,958

3,796,002

3,733,853

3,766,268

3,772,020

3,762,372

3,737,553

3,731,263

3,630,254

3,571,992

3,534,229

3,534,967

3,501,112

3,523,821

3,478,694

3,456,496

3,353,498

3,121,057

3,096,440

3,090,444

2,989,934

2,968,217

2,905,325

2,843,848

2,732,662

2,728,333

2,638,773

2,578,902

2,421,112

2,399,175

3,481,428

3,454,523

3,384,718

3,394,872

2,507,643

2,538,310

2,426,955

2,473,930

1,319,300

1,305,800

1,271,500

1,231,300

1,215,000

1,227,000

1,226,900

1,221,700

1,215,800

1,199,200

1,175,900

1,131,500

1,076,900

1,063,000

1,043,500

1,027,700

1,033,800

995,300

974,400

949,400

> Long-term Assets

255,900
214,000
217,700
246,400
251,100
262,500
286,700
248,600
294,600
313,700
341,200
344,800
358,200
425,300
403,300
406,300
25,000
24,800
24,700
28,100
27,700
27,200
26,600
26,300
26,100
26,400
26,500
27,400
27,900
28,600
28,200
27,800
27,500
27,500
27,700
28,300
616,592
600,015
742,523
71,196
71,771
82,770
83,082
113,373
109,158
109,169
107,847
1,199,928
1,201,019
1,191,164
1,285,461
1,190,508
1,181,362
1,171,581
1,168,913
1,145,650
1,153,202
1,166,484
1,155,050
1,163,228
1,399,085
1,393,836
1,428,800
1,424,958
1,442,577
1,445,357
1,468,362
1,466,838
1,462,542
1,430,820
1,454,012
1,463,320
1,454,881
1,459,270
1,505,309
1,480,863
1,512,326
1,463,232
1,385,619
1,429,274
1,397,699
1,438,260
1,448,315
1,543,256
1,544,114
1,536,459
1,503,183
1,459,690
1,914,527
1,898,188
1,888,078
1,866,824
1,877,964
1,886,544
1,885,944
1,848,534
1,907,560
1,961,212
1,905,181
2,026,000
2,104,225
2,146,821
2,148,369
2,240,938
2,256,842
2,258,687
2,228,181
2,114,233
2,135,652
2,132,372
2,155,374
2,174,486
2,125,697
2,115,754
2,000,767
1,995,605
2,011,174
2,105,342
2,257,924
2,362,477
2,376,443
2,553,154
2,654,193
2,815,682
2,950,118
2,944,527
2,874,891
2,835,118
2,807,666
2,755,195
2,834,734
13,061,151

13,061,151

2,834,734

2,755,195

2,807,666

2,835,118

2,874,891

2,944,527

2,950,118

2,815,682

2,654,193

2,553,154

2,376,443

2,362,477

2,257,924

2,105,342

2,011,174

1,995,605

2,000,767

2,115,754

2,125,697

2,174,486

2,155,374

2,132,372

2,135,652

2,114,233

2,228,181

2,258,687

2,256,842

2,240,938

2,148,369

2,146,821

2,104,225

2,026,000

1,905,181

1,961,212

1,907,560

1,848,534

1,885,944

1,886,544

1,877,964

1,866,824

1,888,078

1,898,188

1,914,527

1,459,690

1,503,183

1,536,459

1,544,114

1,543,256

1,448,315

1,438,260

1,397,699

1,429,274

1,385,619

1,463,232

1,512,326

1,480,863

1,505,309

1,459,270

1,454,881

1,463,320

1,454,012

1,430,820

1,462,542

1,466,838

1,468,362

1,445,357

1,442,577

1,424,958

1,428,800

1,393,836

1,399,085

1,163,228

1,155,050

1,166,484

1,153,202

1,145,650

1,168,913

1,171,581

1,181,362

1,190,508

1,285,461

1,191,164

1,201,019

1,199,928

107,847

109,169

109,158

113,373

83,082

82,770

71,771

71,196

742,523

600,015

616,592

28,300

27,700

27,500

27,800

28,200

28,600

27,900

27,400

26,500

26,400

26,100

26,300

26,600

27,200

27,700

28,100

24,700

24,800

25,000

406,300

403,300

425,300

358,200

344,800

341,200

313,700

294,600

248,600

286,700

262,500

251,100

246,400

217,700

214,000

255,900

Property Plant Equipment

16,900
17,200
17,000
16,800
16,600
16,300
15,900
15,800
15,900
16,000
15,900
15,700
15,800
16,100
15,300
15,400
15,500
15,600
15,800
16,500
16,600
16,500
16,300
16,300
16,500
17,100
17,600
18,800
19,500
20,500
20,400
20,200
20,200
20,400
20,900
21,700
40,292
39,823
44,308
43,457
44,665
48,953
49,253
62,685
60,875
61,716
61,193
61,261
61,609
61,332
61,857
62,443
62,426
62,008
62,557
63,743
63,806
64,133
63,611
63,693
67,889
66,948
66,988
66,982
65,784
65,286
64,406
64,042
64,302
64,871
65,201
65,241
64,951
64,797
65,652
66,221
66,229
66,305
66,602
67,404
67,109
66,898
69,092
74,541
75,232
76,906
77,326
77,875
88,582
87,811
86,891
88,327
87,647
87,972
89,023
89,258
88,150
87,652
87,763
88,826
86,407
84,596
84,153
84,187
83,144
82,185
81,421
81,305
80,073
78,578
78,284
78,970
78,391
76,652
75,708
75,631
76,502
74,558
73,055
74,206
72,705
72,482
71,928
72,093
71,030
69,426
69,338
69,047
67,868
66,799
82,837
107,375

107,375

82,837

66,799

67,868

69,047

69,338

69,426

71,030

72,093

71,928

72,482

72,705

74,206

73,055

74,558

76,502

75,631

75,708

76,652

78,391

78,970

78,284

78,578

80,073

81,305

81,421

82,185

83,144

84,187

84,153

84,596

86,407

88,826

87,763

87,652

88,150

89,258

89,023

87,972

87,647

88,327

86,891

87,811

88,582

77,875

77,326

76,906

75,232

74,541

69,092

66,898

67,109

67,404

66,602

66,305

66,229

66,221

65,652

64,797

64,951

65,241

65,201

64,871

64,302

64,042

64,406

65,286

65,784

66,982

66,988

66,948

67,889

63,693

63,611

64,133

63,806

63,743

62,557

62,008

62,426

62,443

61,857

61,332

61,609

61,261

61,193

61,716

60,875

62,685

49,253

48,953

44,665

43,457

44,308

39,823

40,292

21,700

20,900

20,400

20,200

20,400

20,500

19,500

18,800

17,600

17,100

16,500

16,300

16,500

16,600

16,500

15,800

15,600

15,500

15,400

15,300

16,100

15,800

15,700

15,900

16,000

15,900

15,800

15,900

16,300

16,600

16,800

17,000

17,200

16,900

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
15,476
15,476
15,476
46,121
46,121
47,558
47,521
47,521
47,521
47,521
47,521
47,544
47,544
47,544
47,544
47,544
102,692
102,803
102,858
103,356
103,420
103,412
103,400
103,398
103,398
103,398
113,514
114,838
114,838
114,942
114,942
114,938
114,841
114,841
114,842
114,841
114,841
116,127
116,127
132,029
133,614
151,628
152,251
152,373
263,645
264,376
265,052
264,997
263,634
263,634
263,634
263,634
263,634
263,634
263,634
265,957
265,957
265,957
264,689
265,439
265,439
268,043
268,043
268,043
268,043
274,769
274,769
274,769
274,769
274,769
274,769
274,769
274,769
280,541
280,541
280,541
280,541
280,541
280,541
280,541
280,541
281,112
281,204
281,204
281,204
281,204
360,171
361,851

361,851

360,171

281,204

281,112

280,541

274,769

268,043

265,439

264,689

265,957

263,634

264,997

265,052

264,376

263,645

152,373

152,251

151,628

133,614

132,029

116,127

114,841

114,842

114,841

114,938

114,942

114,838

113,514

103,398

103,400

103,412

103,420

103,356

102,858

102,803

102,692

47,544

47,521

47,558

46,121

15,476

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
3,702,189
0
3,638,890
3,650,187
3,674,187
3,712,680
3,802,742
3,821,348
4,158,508
4,245,538
4,272,763
5,193,535
5,346,920
5,420,591
5,460,423
5,537,441
5,638,274
5,984,999
5,991,066
6,022,702
6,168,709
6,284,787
6,299,523
6,379,310
6,484,256
6,589,246
6,670,064
6,732,440
6,827,345
6,903,776
7,010,813
7,064,050
7,330,776
7,479,441
7,605,746
7,607,997
7,651,371
7,637,865
7,704,938
7,775,217
8,129,802
8,111,054
8,006,564
8,122,753
2,189,890
2,292,146
2,454,121
2,590,256
2,585,842
2,516,470
2,477,526
2,451,639
2,400,695
2,349,152
2,373,716

2,373,716

2,349,152

2,400,695

2,451,639

2,477,526

2,516,470

2,585,842

2,590,256

2,454,121

2,292,146

2,189,890

8,122,753

8,006,564

8,111,054

8,129,802

7,775,217

7,704,938

7,637,865

7,651,371

7,607,997

7,605,746

7,479,441

7,330,776

7,064,050

7,010,813

6,903,776

6,827,345

6,732,440

6,670,064

6,589,246

6,484,256

6,379,310

6,299,523

6,284,787

6,168,709

6,022,702

5,991,066

5,984,999

5,638,274

5,537,441

5,460,423

5,420,591

5,346,920

5,193,535

4,272,763

4,245,538

4,158,508

3,821,348

3,802,742

3,712,680

3,674,187

3,650,187

3,638,890

3,702,189

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,739
27,106
33,817
33,829
50,688
48,283
47,453
46,654
48,367
48,757
50,164
49,995
49,852
49,781
49,710
49,605
4,234
51,778
3,950
51,494
3,808
13,632
13,338
12,873
11,984
11,408
10,998
10,585
10,173
9,782
9,404
24,242
23,367
22,784
22,197
21,371
20,590
19,809
19,055
18,288
17,543
17,016
18,402
17,620
18,194
18,130
18,191
17,346
16,962
29,273
28,204
26,857
25,557
24,248
22,819
21,543
20,317
19,084
17,897
16,729
17,265
16,168
15,241
15,899
15,815
14,848
16,904
15,911
13,420
12,506
17,630
16,576
15,599
14,631
13,738
12,864
12,020
11,186
13,413
12,557
11,735
10,923
10,241
9,578
8,927
8,291
8,147
7,879
7,341
6,955
6,497
42,574
40,443

40,443

42,574

6,497

6,955

7,341

7,879

8,147

8,291

8,927

9,578

10,241

10,923

11,735

12,557

13,413

11,186

12,020

12,864

13,738

14,631

15,599

16,576

17,630

12,506

13,420

15,911

16,904

14,848

15,815

15,899

15,241

16,168

17,265

16,729

17,897

19,084

20,317

21,543

22,819

24,248

25,557

26,857

28,204

29,273

16,962

17,346

18,191

18,130

18,194

17,620

18,402

17,016

17,543

18,288

19,055

19,809

20,590

21,371

22,197

22,784

23,367

24,242

9,404

9,782

10,173

10,585

10,998

11,408

11,984

12,873

13,338

13,632

3,808

51,494

3,950

51,778

4,234

49,605

49,710

49,781

49,852

49,995

50,164

48,757

48,367

46,654

47,453

48,283

50,688

33,829

33,817

27,106

27,739

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
1,843,518
1,851,531
1,749,359
1,735,784
1,819,464
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,819,464

1,735,784

1,749,359

1,851,531

1,843,518

Other Assets

515,300
523,900
527,900
530,100
523,900
528,000
536,700
580,400
549,700
552,000
562,100
573,000
575,500
578,700
587,700
594,900
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,351,691
1,432,533
1,740,216
798,814
752,395
779,994
761,967
1,149,093
1,158,696
1,207,607
1,200,632
4,923,654
4,952,766
5,108,621
5,332,698
5,237,393
5,198,095
5,296,955
5,370,002
5,357,954
5,408,641
5,547,848
5,540,671
5,590,001
6,284,936
6,389,748
6,487,971
6,512,530
6,543,358
6,566,991
6,619,434
6,668,614
6,692,313
6,740,320
6,789,170
6,799,408
6,861,115
6,876,327
6,989,696
6,944,889
7,043,386
6,878,393
6,867,611
6,768,130
6,875,311
6,775,256
6,926,766
7,141,662
7,329,087
7,504,027
7,532,099
7,501,949
9,525,358
9,432,706
9,556,981
9,518,999
9,631,093
9,756,056
9,752,975
9,646,460
9,771,421
10,033,697
10,066,743
10,288,646
10,577,189
10,771,601
10,921,393
11,108,206
11,202,327
11,335,105
11,383,577
11,251,045
1,152
11,599,510
11,702,658
11,730,849
11,659,207
11,751,472
11,662,153
11,711,530
11,964,717
12,952,526
13,108,136
13,295,383
13,913,696
14,128,101
14,648,604
14,827,793
6,440,838
6,961,553
6,888,292
7,179,603
7,290,261
7,479,488
8,921,208
0

8,921,208

7,479,488

7,290,261

7,179,603

6,888,292

6,961,553

6,440,838

14,827,793

14,648,604

14,128,101

13,913,696

13,295,383

13,108,136

12,952,526

11,964,717

11,711,530

11,662,153

11,751,472

11,659,207

11,730,849

11,702,658

11,599,510

1,152

11,251,045

11,383,577

11,335,105

11,202,327

11,108,206

10,921,393

10,771,601

10,577,189

10,288,646

10,066,743

10,033,697

9,771,421

9,646,460

9,752,975

9,756,056

9,631,093

9,518,999

9,556,981

9,432,706

9,525,358

7,501,949

7,532,099

7,504,027

7,329,087

7,141,662

6,926,766

6,775,256

6,875,311

6,768,130

6,867,611

6,878,393

7,043,386

6,944,889

6,989,696

6,876,327

6,861,115

6,799,408

6,789,170

6,740,320

6,692,313

6,668,614

6,619,434

6,566,991

6,543,358

6,512,530

6,487,971

6,389,748

6,284,936

5,590,001

5,540,671

5,547,848

5,408,641

5,357,954

5,370,002

5,296,955

5,198,095

5,237,393

5,332,698

5,108,621

4,952,766

4,923,654

1,200,632

1,207,607

1,158,696

1,149,093

761,967

779,994

752,395

798,814

1,740,216

1,432,533

1,351,691

594,900

587,700

578,700

575,500

573,000

562,100

552,000

549,700

580,400

536,700

528,000

523,900

530,100

527,900

523,900

515,300

> Total Liabilities

766,900
736,200
766,000
751,100
758,200
742,600
772,000
774,600
793,400
811,800
855,400
852,800
868,500
949,600
931,600
946,300
936,000
942,800
955,600
998,300
1,006,900
1,023,300
1,039,400
1,032,700
1,094,700
1,124,800
1,163,400
1,157,300
1,162,400
1,169,400
1,170,400
1,159,400
1,175,900
1,223,600
1,250,400
1,267,100
1,866,574
1,933,650
2,352,081
2,447,767
2,363,249
2,474,189
2,446,212
3,354,847
3,309,855
3,379,180
3,425,295
3,414,344
3,443,127
3,602,607
3,725,547
3,719,851
3,694,453
3,817,699
3,875,711
3,880,071
3,936,200
4,050,615
4,053,453
4,092,830
4,500,097
4,618,306
4,659,622
4,683,755
4,693,201
4,730,700
4,765,426
4,804,476
4,823,908
4,905,628
4,914,030
4,904,243
4,963,636
4,934,917
4,986,845
4,958,903
5,015,584
4,888,139
4,947,741
4,805,284
4,938,536
4,801,733
4,939,603
5,060,296
5,236,240
5,401,063
5,452,255
5,459,986
6,807,536
6,742,943
6,873,344
6,835,606
6,920,927
7,012,371
7,009,591
6,933,745
6,986,367
7,196,514
7,285,346
7,380,642
7,591,237
7,728,427
7,863,675
7,953,952
8,018,646
8,136,057
8,200,158
8,178,635
8,278,104
8,488,209
8,553,129
8,538,454
8,499,455
8,560,895
8,562,785
8,595,528
8,841,364
9,704,532
9,684,101
9,745,288
10,346,272
10,349,891
10,752,954
10,761,658
10,945,583
10,531,903
10,484,196
10,565,742
10,628,071
10,680,004
12,464,807
11,883,349

11,883,349

12,464,807

10,680,004

10,628,071

10,565,742

10,484,196

10,531,903

10,945,583

10,761,658

10,752,954

10,349,891

10,346,272

9,745,288

9,684,101

9,704,532

8,841,364

8,595,528

8,562,785

8,560,895

8,499,455

8,538,454

8,553,129

8,488,209

8,278,104

8,178,635

8,200,158

8,136,057

8,018,646

7,953,952

7,863,675

7,728,427

7,591,237

7,380,642

7,285,346

7,196,514

6,986,367

6,933,745

7,009,591

7,012,371

6,920,927

6,835,606

6,873,344

6,742,943

6,807,536

5,459,986

5,452,255

5,401,063

5,236,240

5,060,296

4,939,603

4,801,733

4,938,536

4,805,284

4,947,741

4,888,139

5,015,584

4,958,903

4,986,845

4,934,917

4,963,636

4,904,243

4,914,030

4,905,628

4,823,908

4,804,476

4,765,426

4,730,700

4,693,201

4,683,755

4,659,622

4,618,306

4,500,097

4,092,830

4,053,453

4,050,615

3,936,200

3,880,071

3,875,711

3,817,699

3,694,453

3,719,851

3,725,547

3,602,607

3,443,127

3,414,344

3,425,295

3,379,180

3,309,855

3,354,847

2,446,212

2,474,189

2,363,249

2,447,767

2,352,081

1,933,650

1,866,574

1,267,100

1,250,400

1,223,600

1,175,900

1,159,400

1,170,400

1,169,400

1,162,400

1,157,300

1,163,400

1,124,800

1,094,700

1,032,700

1,039,400

1,023,300

1,006,900

998,300

955,600

942,800

936,000

946,300

931,600

949,600

868,500

852,800

855,400

811,800

793,400

774,600

772,000

742,600

758,200

751,100

766,000

736,200

766,900

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
26,700
22,300
114,200
82,800
140,600
43,200
103,200
82,400
115,900
84,500
138,600
91,600
88,200
93,300
152,900
158,800
134,500
106,600
152,200
120,200
96,600
105,600
169,300
113,200
115,300
165,445
160,554
154,162
3,318,900
3,243,900
3,391,500
3,357,300
3,354,800
3,309,900
3,379,200
3,425,300
105,601
95,103
211,981
331,964
302,931
238,093
349,144
319,620
338,823
307,514
384,171
356,193
444,977
329,702
320,637
324,461
345,408
204,421
290,387
305,865
368,467
399,992
205,624
150,477
206,492
127,187
120,104
147,792
155,977
166,942
159,036
166,464
159,434
167,461
175,958
158,285
181,592
165,977
212,203
137,365
162,941
185,871
385,611
373,234
456,042
356,878
534,478
375,637
316,802
193,172
511,992
362,332
442,481
347,868
666,424
585,027
681,703
540,243
831,185
681,950
719,123
586,012
853,997
811,709
871,696
544,883
609,366
443,266
655,275
548,904
339,656
183,472
168,386
95,339
90,598
99,715
97,795
65,022
62,545
74,554
585,012
475,226
652,413
490,180
5,014,271

5,014,271

490,180

652,413

475,226

585,012

74,554

62,545

65,022

97,795

99,715

90,598

95,339

168,386

183,472

339,656

548,904

655,275

443,266

609,366

544,883

871,696

811,709

853,997

586,012

719,123

681,950

831,185

540,243

681,703

585,027

666,424

347,868

442,481

362,332

511,992

193,172

316,802

375,637

534,478

356,878

456,042

373,234

385,611

185,871

162,941

137,365

212,203

165,977

181,592

158,285

175,958

167,461

159,434

166,464

159,036

166,942

155,977

147,792

120,104

127,187

206,492

150,477

205,624

399,992

368,467

305,865

290,387

204,421

345,408

324,461

320,637

329,702

444,977

356,193

384,171

307,514

338,823

319,620

349,144

238,093

302,931

331,964

211,981

95,103

105,601

3,425,300

3,379,200

3,309,900

3,354,800

3,357,300

3,391,500

3,243,900

3,318,900

154,162

160,554

165,445

115,300

113,200

169,300

105,600

96,600

120,200

152,200

106,600

134,500

158,800

152,900

93,300

88,200

91,600

138,600

84,500

115,900

82,400

103,200

43,200

140,600

82,800

114,200

22,300

26,700

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
26,700
22,300
114,200
82,800
140,600
43,200
103,200
82,400
115,900
84,500
138,600
91,600
88,200
93,300
152,900
158,800
134,500
106,600
152,200
120,200
96,600
105,600
169,300
113,200
115,300
165,445
160,554
154,162
132,375
115,987
96,537
72,121
122,013
81,162
122,903
113,242
105,601
95,103
211,981
331,964
302,931
238,093
349,144
319,620
338,823
307,514
384,171
356,193
444,977
329,702
320,637
324,461
345,408
204,421
290,387
305,865
368,467
399,992
205,624
150,477
206,492
127,187
120,104
147,792
155,977
166,942
159,036
166,464
159,434
167,461
175,958
158,285
181,592
165,977
212,203
137,365
162,941
185,871
385,611
373,234
456,042
356,878
534,478
375,637
316,802
193,172
511,992
362,332
442,481
347,868
666,424
585,027
681,703
540,243
831,185
681,950
719,123
586,012
853,997
811,709
871,696
544,883
609,366
443,266
655,275
548,904
339,656
183,472
168,386
95,339
90,598
99,715
97,795
65,022
62,545
74,554
585,012
475,226
652,413
490,180
393,753

393,753

490,180

652,413

475,226

585,012

74,554

62,545

65,022

97,795

99,715

90,598

95,339

168,386

183,472

339,656

548,904

655,275

443,266

609,366

544,883

871,696

811,709

853,997

586,012

719,123

681,950

831,185

540,243

681,703

585,027

666,424

347,868

442,481

362,332

511,992

193,172

316,802

375,637

534,478

356,878

456,042

373,234

385,611

185,871

162,941

137,365

212,203

165,977

181,592

158,285

175,958

167,461

159,434

166,464

159,036

166,942

155,977

147,792

120,104

127,187

206,492

150,477

205,624

399,992

368,467

305,865

290,387

204,421

345,408

324,461

320,637

329,702

444,977

356,193

384,171

307,514

338,823

319,620

349,144

238,093

302,931

331,964

211,981

95,103

105,601

113,242

122,903

81,162

122,013

72,121

96,537

115,987

132,375

154,162

160,554

165,445

115,300

113,200

169,300

105,600

96,600

120,200

152,200

106,600

134,500

158,800

152,900

93,300

88,200

91,600

138,600

84,500

115,900

82,400

103,200

43,200

140,600

82,800

114,200

22,300

26,700

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
217
0
0
0
50,360
347,868
666,424
585,027
40,150
540,243
1,024,299
876,188
40,037
785,546
1,047,434
0
20,000
544,883
609,366
443,266
655,275
548,904
339,656
183,472
168,386
95,339
90,598
99,715
97,795
65,022
62,545
74,554
585,012
475,226
652,413
490,180
293,000

293,000

490,180

652,413

475,226

585,012

74,554

62,545

65,022

97,795

99,715

90,598

95,339

168,386

183,472

339,656

548,904

655,275

443,266

609,366

544,883

20,000

1,047,434

785,546

40,037

876,188

1,024,299

540,243

40,150

585,027

666,424

347,868

50,360

217

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
0
0
0
0
1,523,749
1,595,973
1,936,483
2,040,238
1,971,275
2,076,965
2,079,117
2,915,612
2,865,810
2,867,645
2,921,965
2,922,040
2,955,893
2,965,196
2,971,049
3,001,351
3,014,616
3,040,609
3,090,629
3,073,838
3,168,927
3,178,059
3,212,173
3,160,196
3,620,061
3,747,901
3,787,863
3,796,238
3,966,655
3,959,166
3,950,065
3,872,093
3,854,226
3,939,113
3,990,794
3,923,258
4,075,919
4,058,071
4,104,473
4,093,046
4,177,179
4,101,331
4,202,621
4,134,352
4,258,942
4,114,613
4,265,064
4,367,149
4,567,404
4,688,907
4,806,015
4,784,349
6,015,963
5,878,176
6,003,138
5,890,224
6,068,898
6,042,588
6,314,939
6,299,605
6,479,437
6,371,479
6,600,627
6,604,843
6,905,042
6,740,416
6,949,238
6,973,688
7,185,051
7,015,284
7,231,236
7,170,636
7,393,928
7,344,449
7,441,290
7,368,211
7,617,659
7,593,706
7,743,166
7,587,820
7,864,638
8,815,891
8,958,183
9,081,692
9,815,930
9,785,257
10,195,178
10,234,469
10,461,623
10,028,708
9,918,751
9,495,933
9,681,205
0
0
0

9,681,205

9,495,933

9,918,751

10,028,708

10,461,623

10,234,469

10,195,178

9,785,257

9,815,930

9,081,692

8,958,183

8,815,891

7,864,638

7,587,820

7,743,166

7,593,706

7,617,659

7,368,211

7,441,290

7,344,449

7,393,928

7,170,636

7,231,236

7,015,284

7,185,051

6,973,688

6,949,238

6,740,416

6,905,042

6,604,843

6,600,627

6,371,479

6,479,437

6,299,605

6,314,939

6,042,588

6,068,898

5,890,224

6,003,138

5,878,176

6,015,963

4,784,349

4,806,015

4,688,907

4,567,404

4,367,149

4,265,064

4,114,613

4,258,942

4,134,352

4,202,621

4,101,331

4,177,179

4,093,046

4,104,473

4,058,071

4,075,919

3,923,258

3,990,794

3,939,113

3,854,226

3,872,093

3,950,065

3,959,166

3,966,655

3,796,238

3,787,863

3,747,901

3,620,061

3,160,196

3,212,173

3,178,059

3,168,927

3,073,838

3,090,629

3,040,609

3,014,616

3,001,351

2,971,049

2,965,196

2,955,893

2,922,040

2,921,965

2,867,645

2,865,810

2,915,612

2,079,117

2,076,965

1,971,275

2,040,238

1,936,483

1,595,973

1,523,749

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
-26,700
-22,300
-114,200
-82,800
-140,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,186,525
3,127,913
3,294,963
3,285,179
3,232,787
3,228,738
3,256,297
3,312,058
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,101,331
0
4,134,352
4,258,942
4,114,613
4,265,064
4,367,149
4,567,404
4,688,907
4,806,015
4,784,349
6,015,963
5,878,176
6,003,138
5,890,224
6,068,898
6,042,588
6,314,939
6,299,605
6,479,437
6,371,479
6,600,627
6,604,843
6,905,042
6,740,416
6,949,238
6,973,688
7,185,051
7,015,284
7,231,236
7,170,636
7,393,928
7,344,449
7,441,290
7,368,211
7,617,659
7,593,706
7,743,166
7,587,820
7,864,638
8,815,891
8,958,183
9,081,692
9,815,930
9,785,257
10,195,178
10,234,469
10,461,623
10,028,708
-74,554
-585,012
-475,226
-652,413
-490,180
4,620,518

4,620,518

-490,180

-652,413

-475,226

-585,012

-74,554

10,028,708

10,461,623

10,234,469

10,195,178

9,785,257

9,815,930

9,081,692

8,958,183

8,815,891

7,864,638

7,587,820

7,743,166

7,593,706

7,617,659

7,368,211

7,441,290

7,344,449

7,393,928

7,170,636

7,231,236

7,015,284

7,185,051

6,973,688

6,949,238

6,740,416

6,905,042

6,604,843

6,600,627

6,371,479

6,479,437

6,299,605

6,314,939

6,042,588

6,068,898

5,890,224

6,003,138

5,878,176

6,015,963

4,784,349

4,806,015

4,688,907

4,567,404

4,367,149

4,265,064

4,114,613

4,258,942

4,134,352

4,101,331

3,312,058

3,256,297

3,228,738

3,232,787

3,285,179

3,294,963

3,127,913

3,186,525

-140,600

-82,800

-114,200

-22,300

-26,700

> Long-term Liabilities

5,400
5,400
5,400
5,400
5,400
5,300
5,300
10,300
10,300
10,300
10,300
14,500
14,500
14,500
13,700
8,700
8,700
3,700
3,000
3,000
3,000
3,000
23,100
20,200
20,200
20,200
200
200
10,200
10,200
10,200
10,200
35,200
35,200
35,200
35,200
161,793
160,983
236,418
17,000
17,000
17,000
17,000
17,000
17,000
17,000
17,000
345,475
345,345
370,129
369,721
369,700
388,399
388,287
413,265
413,243
413,220
438,097
438,073
438,205
500,287
497,158
493,175
493,150
468,214
427,573
452,541
500,309
500,280
619,720
708,884
632,209
616,078
604,708
579,712
554,698
504,590
479,461
429,468
369,874
370,032
370,350
370,347
370,344
370,490
367,147
367,144
442,914
529,857
410,307
410,205
410,019
409,875
352,321
232,252
232,141
231,971
231,901
231,831
231,643
231,573
211,502
215,340
205,283
205,219
190,154
190,110
190,065
190,020
174,974
174,947
174,920
174,892
185,463
185,435
165,407
165,379
263,332
263,265
238,345
213,427
213,512
213,596
213,681
213,766
203,251
74,554
585,012
475,226
228,105
250,423
6,869,078

6,869,078

250,423

228,105

475,226

585,012

74,554

203,251

213,766

213,681

213,596

213,512

213,427

238,345

263,265

263,332

165,379

165,407

185,435

185,463

174,892

174,920

174,947

174,974

190,020

190,065

190,110

190,154

205,219

205,283

215,340

211,502

231,573

231,643

231,831

231,901

231,971

232,141

232,252

352,321

409,875

410,019

410,205

410,307

529,857

442,914

367,144

367,147

370,490

370,344

370,347

370,350

370,032

369,874

429,468

479,461

504,590

554,698

579,712

604,708

616,078

632,209

708,884

619,720

500,280

500,309

452,541

427,573

468,214

493,150

493,175

497,158

500,287

438,205

438,073

438,097

413,220

413,243

413,265

388,287

388,399

369,700

369,721

370,129

345,345

345,475

17,000

236,418

160,983

161,793

35,200

10,200

200

20,200

23,100

3,000

3,700

8,700

13,700

14,500

10,300

5,300

5,400

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
554,883
0
445,296
445,454
445,772
445,769
445,766
445,912
442,569
442,566
442,914
529,857
410,307
410,205
410,019
409,875
352,321
232,252
232,141
231,971
231,901
231,831
231,643
231,573
211,502
215,340
205,283
205,219
190,154
190,110
190,065
190,020
174,974
174,947
174,920
101,196
101,196
101,196
101,196
101,196
199,178
199,139
199,248
199,358
199,467
199,576
199,686
199,795
199,904
200,013
198,123
198,232
198,341
0
0

198,341

198,232

198,123

200,013

199,904

199,795

199,686

199,576

199,467

199,358

199,248

199,139

199,178

101,196

174,920

174,947

174,974

190,020

190,065

190,110

190,154

205,219

205,283

215,340

211,502

231,573

231,643

231,831

231,901

231,971

232,141

232,252

352,321

409,875

410,019

410,205

410,307

529,857

442,914

442,566

442,569

445,912

445,766

445,769

445,772

445,454

445,296

554,883

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
15,587
16,140
25,018
40,282
33,052
29,207
25,698
44,891
36,950
37,903
39,485
41,228
46,786
55,301
52,813
45,869
53,345
39,659
52,197
54,167
46,539
50,288
47,014
49,452
50,047
52,610
54,123
48,959
53,911
53,574
56,955
63,607
69,410
65,749
63,875
66,862
69,030
76,612
79,446
79,760
91,451
72,889
73,766
66,202
66,679
65,390
70,485
65,789
56,947
57,384
66,309
69,782
75,845
68,849
86,767
79,321
85,276
82,984
86,763
85,197
81,787
81,142
90,556
101,675
106,754
110,085
114,070
93,278
88,133
99,434
96,862
98,811
108,144
96,326
105,129
106,055
104,378
96,660
101,046
107,926
143,399
156,685
156,347
256,865
221,576
182,231
244,465
215,713
205,172
237,399
287,556
139,050
243,618
155,348
0
0

155,348

243,618

139,050

287,556

237,399

205,172

215,713

244,465

182,231

221,576

256,865

156,347

156,685

143,399

107,926

101,046

96,660

104,378

106,055

105,129

96,326

108,144

98,811

96,862

99,434

88,133

93,278

114,070

110,085

106,754

101,675

90,556

81,142

81,787

85,197

86,763

82,984

85,276

79,321

86,767

68,849

75,845

69,782

66,309

57,384

56,947

65,789

70,485

65,390

66,679

66,202

73,766

72,889

91,451

79,760

79,446

76,612

69,030

66,862

63,875

65,749

69,410

63,607

56,955

53,574

53,911

48,959

54,123

52,610

50,047

49,452

47,014

50,288

46,539

54,167

52,197

39,659

53,345

45,869

52,813

55,301

46,786

41,228

39,485

37,903

36,950

44,891

25,698

29,207

33,052

40,282

25,018

16,140

15,587

> Total Stockholder Equity

83,800
85,300
86,800
87,800
89,300
90,700
92,300
94,000
95,600
97,000
98,900
101,100
100,300
98,500
98,300
98,300
100,400
101,900
103,000
108,000
102,600
101,300
101,900
106,300
107,900
113,700
118,900
123,300
126,900
129,000
132,500
130,600
131,200
127,200
127,900
126,500
162,532
167,671
206,983
208,021
217,408
229,334
231,995
266,355
268,020
281,918
286,390
292,382
291,620
297,850
304,690
310,034
322,280
307,675
325,378
332,233
319,239
330,749
332,168
333,943
385,754
377,606
399,549
403,817
407,580
390,934
385,646
397,300
405,863
403,872
421,128
431,845
442,598
482,140
497,542
505,123
515,476
527,022
534,251
533,572
539,076
535,263
538,848
538,110
548,733
566,505
576,661
582,273
803,295
791,575
795,559
816,569
832,202
857,141
857,440
864,181
877,494
875,971
876,216
882,004
881,727
896,353
909,349
913,316
926,839
940,361
955,238
958,177
953,882
978,929
994,155
1,017,909
1,034,055
1,074,823
1,098,601
1,120,397
1,112,179
1,142,652
1,166,111
1,187,618
1,190,981
1,225,056
1,241,457
1,250,453
1,202,250
1,188,556
1,156,546
1,173,554
1,211,659
1,210,493
1,362,821
1,425,691

1,425,691

1,362,821

1,210,493

1,211,659

1,173,554

1,156,546

1,188,556

1,202,250

1,250,453

1,241,457

1,225,056

1,190,981

1,187,618

1,166,111

1,142,652

1,112,179

1,120,397

1,098,601

1,074,823

1,034,055

1,017,909

994,155

978,929

953,882

958,177

955,238

940,361

926,839

913,316

909,349

896,353

881,727

882,004

876,216

875,971

877,494

864,181

857,440

857,141

832,202

816,569

795,559

791,575

803,295

582,273

576,661

566,505

548,733

538,110

538,848

535,263

539,076

533,572

534,251

527,022

515,476

505,123

497,542

482,140

442,598

431,845

421,128

403,872

405,863

397,300

385,646

390,934

407,580

403,817

399,549

377,606

385,754

333,943

332,168

330,749

319,239

332,233

325,378

307,675

322,280

310,034

304,690

297,850

291,620

292,382

286,390

281,918

268,020

266,355

231,995

229,334

217,408

208,021

206,983

167,671

162,532

126,500

127,900

127,200

131,200

130,600

132,500

129,000

126,900

123,300

118,900

113,700

107,900

106,300

101,900

101,300

102,600

108,000

103,000

101,900

100,400

98,300

98,500

100,300

101,100

98,900

97,000

95,600

94,000

92,300

90,700

89,300

87,800

86,800

85,300

83,800

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
0
0
13,000
13,600
186
190
242
242
242
253
253
343
344
344
344
344
344
344
344
344
344
344
344
344
344
344
344
344
365
365
365
365
365
365
365
365
365
365
365
365
365
380
380
380
380
380
380
380
380
380
380
380
380
393
393
393
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
497
540
540

540

497

393

380

365

344

343

253

242

190

186

13,600

13,000

Retained Earnings

29,900
31,100
32,300
29,500
30,600
52,100
33,200
29,600
31,000
32,200
33,500
28,400
29,400
30,300
30,400
25,400
26,400
27,700
29,300
24,100
25,900
27,600
29,900
24,200
26,400
29,100
-31,400
22,200
25,800
25,400
28,200
15,500
18,200
20,800
23,500
13,700
24,225
24,139
48,030
36,689
40,279
40,742
41,647
72,531
77,568
82,769
88,137
95,085
101,114
107,409
113,707
120,016
126,799
133,146
139,558
145,812
152,391
159,378
166,731
163,989
170,330
177,808
185,375
191,770
198,948
204,175
212,771
215,031
220,709
228,787
237,153
245,340
251,881
256,582
263,300
270,232
277,158
284,622
292,294
299,797
307,056
314,873
323,400
329,981
336,787
343,460
351,261
357,558
358,449
366,555
377,046
385,787
394,589
413,011
414,695
423,956
432,840
442,446
452,701
462,232
471,650
482,074
492,130
501,761
511,925
523,260
536,107
543,713
555,783
585,044
603,921
621,203
627,556
658,107
679,090
696,214
678,611
703,322
726,650
749,056
777,170
805,722
831,017
856,203
883,246
909,029
935,170
958,433
979,722
996,920
1,006,459
1,021,831

1,021,831

1,006,459

996,920

979,722

958,433

935,170

909,029

883,246

856,203

831,017

805,722

777,170

749,056

726,650

703,322

678,611

696,214

679,090

658,107

627,556

621,203

603,921

585,044

555,783

543,713

536,107

523,260

511,925

501,761

492,130

482,074

471,650

462,232

452,701

442,446

432,840

423,956

414,695

413,011

394,589

385,787

377,046

366,555

358,449

357,558

351,261

343,460

336,787

329,981

323,400

314,873

307,056

299,797

292,294

284,622

277,158

270,232

263,300

256,582

251,881

245,340

237,153

228,787

220,709

215,031

212,771

204,175

198,948

191,770

185,375

177,808

170,330

163,989

166,731

159,378

152,391

145,812

139,558

133,146

126,799

120,016

113,707

107,409

101,114

95,085

88,137

82,769

77,568

72,531

41,647

40,742

40,279

36,689

48,030

24,139

24,225

13,700

23,500

20,800

18,200

15,500

28,200

25,400

25,800

22,200

-31,400

29,100

26,400

24,200

29,900

27,600

25,900

24,100

29,300

27,700

26,400

25,400

30,400

30,300

29,400

28,400

33,500

32,200

31,000

29,600

33,200

52,100

30,600

29,500

32,300

31,100

29,900

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
312,641
0
314,023
314,787
315,455
316,039
317,329
318,775
345,184
345,934
346,692
573,138
572,359
573,241
574,152
574,071
574,002
574,657
576,504
575,928
575,612
576,478
576,726
573,754
573,067
573,658
575,078
573,627
573,109
573,772
574,209
574,626
574,741
575,155
575,466
575,944
575,794
576,146
576,708
577,080
577,197
577,737
578,082
578,597
576,732
577,222
576,976
577,374
577,345
577,899
577,853
577,952
578,322
0
0

578,322

577,952

577,853

577,899

577,345

577,374

576,976

577,222

576,732

578,597

578,082

577,737

577,197

577,080

576,708

576,146

575,794

575,944

575,466

575,155

574,741

574,626

574,209

573,772

573,109

573,627

575,078

573,658

573,067

573,754

576,726

576,478

575,612

575,928

576,504

574,657

574,002

574,071

574,152

573,241

572,359

573,138

346,692

345,934

345,184

318,775

317,329

316,039

315,455

314,787

314,023

312,641

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
-11,311
-11,301
-11,283
-11,087
-8,883
-10,689
-17,462
-19,616
-20,081
-20,665
-28,512
-29,894
-34,327
-33,985
-29,109
-27,329
-26,248
-32,157
-29,771
-28,139
-38,544
-39,937
-40,122
-42,613
-43,193
-53,760
-50,025
-45,832
-52,035
-66,423
-90,060
-87,796
-93,351
-91,618
-83,634
-82,074
-81,148
-79,800
-78,908
-77,816
-76,778
-75,669
-75,989
-75,293
-76,445
-95,232
104,610
-103,476
-101,734
-117,325
-117,181
-116,490
-121,663
-126,250
-132,105
-127,102
-125,405
-123,814
-123,659
-119,749
-118,240
-126,361
-140,095
-135,033
-150,303
-148,138
-144,956
-142,500
-139,618
-138,614
-138,474
-138,165
-137,185
-136,597
-136,306
-136,083
-135,010
-134,539
-134,208
-133,996
-141,217
-140,852
-140,794
-140,434
-148,584
-148,603
-152,787
0
0
0
0
0
0
0
0
0

-152,787

-148,603

-148,584

-140,434

-140,794

-140,852

-141,217

-133,996

-134,208

-134,539

-135,010

-136,083

-136,306

-136,597

-137,185

-138,165

-138,474

-138,614

-139,618

-142,500

-144,956

-148,138

-150,303

-135,033

-140,095

-126,361

-118,240

-119,749

-123,659

-123,814

-125,405

-127,102

-132,105

-126,250

-121,663

-116,490

-117,181

-117,325

-101,734

-103,476

104,610

-95,232

-76,445

-75,293

-75,989

-75,669

-76,778

-77,816

-78,908

-79,800

-81,148

-82,074

-83,634

-91,618

-93,351

-87,796

-90,060

-66,423

-52,035

-45,832

-50,025

-53,760

-43,193

-42,613

-40,122

-39,937

-38,544

-28,139

-29,771

-32,157

-26,248

-27,329

-29,109

-33,985

-34,327

-29,894

-28,512

-20,665

-20,081

-19,616

-17,462

-10,689

-8,883

-11,087

-11,283

-11,301

-11,311

Other Stockholders Equity

53,900
54,200
54,500
58,300
58,700
38,600
59,100
64,400
64,600
64,800
65,400
71,900
72,100
70,800
71,000
77,200
76,400
75,300
74,700
81,100
78,600
77,400
75,900
83,600
86,900
86,200
149,500
98,700
99,300
101,200
99,000
111,800
94,800
110,800
91,400
99,200
138,121
143,342
158,711
171,090
176,887
188,339
190,095
193,481
190,108
198,805
197,909
180,549
175,273
175,784
180,159
181,938
183,083
177,239
179,612
181,384
171,063
169,534
169,482
176,544
227,269
216,547
220,440
225,696
219,991
205,216
182,322
185,479
180,578
182,763
191,662
194,344
195,729
230,036
231,527
233,348
235,342
236,972
237,070
238,730
238,342
220,223
211,429
213,853
217,041
227,859
228,753
230,202
451,475
446,109
441,136
447,050
448,666
450,188
450,998
456,755
457,688
449,251
436,383
441,693
423,451
424,929
428,702
432,578
434,009
434,495
435,298
436,044
437,441
438,144
438,849
439,383
440,934
441,255
441,938
442,712
435,863
436,345
436,943
437,648
430,013
428,129
424,435
298,735
409,882
403,811
404,418
404,658
405,358
403,176
563,401
564,254

564,254

563,401

403,176

405,358

404,658

404,418

403,811

409,882

298,735

424,435

428,129

430,013

437,648

436,943

436,345

435,863

442,712

441,938

441,255

440,934

439,383

438,849

438,144

437,441

436,044

435,298

434,495

434,009

432,578

428,702

424,929

423,451

441,693

436,383

449,251

457,688

456,755

450,998

450,188

448,666

447,050

441,136

446,109

451,475

230,202

228,753

227,859

217,041

213,853

211,429

220,223

238,342

238,730

237,070

236,972

235,342

233,348

231,527

230,036

195,729

194,344

191,662

182,763

180,578

185,479

182,322

205,216

219,991

225,696

220,440

216,547

227,269

176,544

169,482

169,534

171,063

181,384

179,612

177,239

183,083

181,938

180,159

175,784

175,273

180,549

197,909

198,805

190,108

193,481

190,095

188,339

176,887

171,090

158,711

143,342

138,121

99,200

91,400

110,800

94,800

111,800

99,000

101,200

99,300

98,700

149,500

86,200

86,900

83,600

75,900

77,400

78,600

81,100

74,700

75,300

76,400

77,200

71,000

70,800

72,100

71,900

65,400

64,800

64,600

64,400

59,100

38,600

58,700

58,300

54,500

54,200

53,900

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
Accounts Payable	0	9,495,933	10,234,469	9,081,692	7,587,820	7,368,211	7,170,636	6,973,688	6,604,843	6,299,605	5,890,224	4,784,349	4,367,149	4,134,352	4,093,046	3,923,258	3,872,093	3,796,238	3,160,196	3,073,838	3,001,351	2,922,040	2,915,612	2,040,238	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
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
Accumulated Other Comprehensive Income	-160,934	-190,034	-23,344	417	-19,026	-43,174	-22,077	-21,520	-22,418	-17,027	-16,765	-5,880	-6,104	-5,335	1,163	-8,204	-3,575	-14,014	-6,934	4,693	7,736	16,404	3,921	-2,864	-11,100	3,300	2,400	-1,500	2,800	-4,300	800	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
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	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	540	497	497	497	497	497	0	0	0	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	577,853	576,976	578,082	576,708	575,466	574,209	575,078	576,726	576,504	0	346,692	317,329	314,023	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	205,189	197,350	1,269,071	672,681	216,843	180,955	159,664	149,181	140,297	146,636	158,926	163,668	129,381	168,792	187,161	107,409	162,946	138,793	142,488	98,437	128,044	124,623	129,957	110,662	46,000	47,200	37,400	35,800	44,400	43,400	36,100	39,600	62,400
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-173,811	1,724,575	2,956,432	2,021,379	1,192,183	1,179,451	1,415,589	1,487,471	1,314,841	1,159,807	1,523,807	1,311,667	129,381	168,792	187,161	110,396	162,946	138,793	142,488	98,437	128,044	124,623	129,957	110,662	46,000	47,200	37,400	35,800	44,400	43,400	36,100	39,600	62,400
Common Stock	540	497	497	497	497	497	497	497	497	497	497	393	380	380	380	365	365	365	344	344	344	344	343	242	13,600	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	44,770	43,181	43,719	43,989	44,124	44,020	43,905	43,622	44,389	44,395	42,351	33,719	33,924	34,509	33,994	32,418	33,421	34,114	32,774	33,144	32,940	33,333	33,973	23,394	12,632	18,940	13,176	13,235	13,600	14,487	12,879	12,698	12,857
Common Stock Total Equity	0	497	497	497	497	497	497	497	497	497	497	393	380	380	380	365	365	365	344	344	344	344	343	242	13,600	0	0	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	1,735,784	1,870,725	1,802,117	1,923,922	1,700,329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	361,851	281,204	280,541	280,541	274,769	274,769	268,043	265,439	265,957	263,634	264,997	152,373	132,029	114,841	114,938	114,838	103,398	103,356	47,544	45,570	47,521	46,121	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	40,443	7,341	8,927	11,735	12,020	15,599	13,420	15,815	17,265	20,317	25,557	16,962	18,194	17,543	20,590	23,367	10,173	11,984	3,808	2,013	49,852	48,367	50,688	27,739	0	0	0	0	0	0	0	0	0
Inventory	0	105	167	1,458	1,458	2,441	4,529	5,581	4,666	3,964	2,904	2,276	2,160	901	2,358	665	560	389	265	428	1,157	2,947	1,577	722	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	13,309,040	11,739,296	12,012,111	10,932,906	9,715,925	9,556,363	9,136,812	8,867,268	8,262,646	7,797,926	7,652,175	6,042,259	5,598,406	5,338,856	5,464,026	5,336,088	5,201,776	5,087,572	4,426,773	4,212,304	4,046,885	3,723,726	3,638,202	2,655,788	1,393,600	1,290,000	1,280,600	1,139,000	1,106,300	1,044,600	953,900	868,600	838,900
Long Term Debt	250,736	202,938	213,681	199,248	101,196	174,920	190,065	205,283	231,643	232,141	397,559	442,914	445,766	445,296	551,120	667,631	370,230	399,450	353,205	348,243	356,700	262,141	253,055	223,830	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	198,123	199,686	199,248	101,196	174,920	190,065	205,283	231,643	232,141	0	442,914	445,766	445,296	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	2,373,716	2,477,526	2,454,121	8,006,564	7,704,938	7,605,746	7,010,813	6,670,064	6,299,523	5,991,066	0	4,272,763	3,802,742	3,638,890	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
Net Debt	460,424	590,600	-957,595	-265,950	603,839	865,661	749,524	737,805	533,827	402,307	707,135	442,187	422,555	360,516	523,514	731,292	705,830	699,765	740,694	653,629	544,587	326,453	264,387	256,585	104,500	59,600	97,300	72,600	74,500	105,900	5,100	-29,300	-57,000
Net Invested Capital	1,969,427	787,950	311,476	1,594,349	1,941,079	2,064,525	1,867,365	0	0	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	0	8,049,347	7,406,459	0	0	0	0	0	0	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	885,009	960,985	895,342	833,608	727,541	676,714	632,062	598,782	580,230	0	412,938	387,887	401,188	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-4,766,382	1,139,563	2,858,637	1,852,993	536,908	6,510,181	6,303,456	5,944,627	5,794,165	5,632,590	5,329,309	4,419,628	3,873,558	3,750,148	3,827,186	3,666,276	3,366,471	3,317,206	2,818,568	2,727,831	2,553,446	2,418,197	170,029	-734,308	1,250,000	1,165,600	1,118,700	1,024,500	962,300	-97,200	9,400	0	0
Non Current Assets Total	13,061,151	2,835,118	2,815,682	2,362,477	1,995,605	2,174,486	2,114,233	2,240,938	2,026,000	1,848,534	1,866,824	1,459,690	1,543,256	1,429,274	1,480,863	1,463,320	1,466,838	1,424,958	1,163,228	1,145,650	1,190,508	1,199,928	113,373	71,196	28,300	27,800	27,400	26,300	28,100	406,300	344,800	248,600	246,400
Non Current Liabilities Other	0	286,674	229,708	295,962	251,237	123,627	98,811	93,278	101,675	85,197	0	69,782	65,789	66,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	6,869,078	585,012	213,681	238,345	165,407	174,920	190,065	205,283	231,643	232,141	410,019	442,914	370,344	369,874	554,698	632,209	500,309	493,150	438,205	413,243	369,700	345,475	17,000	17,000	35,200	10,200	200	20,200	3,000	8,700	14,500	10,300	5,400
Non Currrent Assets Other	414,996	-136,147	-63,013	-62,273	-43,961	7,177,869	5,606,990	5,138,859	4,921,805	4,642,329	4,041,957	1,647,764	2,681,150	2,611,422	-1,345,335	-1,325,115	113,571	115,340	51,352	47,583	49,852	48,367	50,688	27,739	6,600	7,600	8,600	10,000	11,600	-406,300	-344,800	-248,600	-246,400
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
Other Assets	0	7,179,603	6,239,997	6,549,050	6,528,137	11,730,849	11,251,045	11,108,206	10,288,646	9,646,460	9,518,999	7,501,949	7,141,662	6,768,130	6,944,889	6,799,408	6,668,614	6,512,530	5,590,001	5,357,954	5,237,393	4,923,654	67,127	44,824	0	0	0	0	0	594,900	573,000	580,400	530,100
Other Current Assets	247,889	230,455	1,269,238	674,139	218,301	6,202,426	5,606,990	5,138,859	4,921,805	4,789,585	4,261,544	3,270,902	3,925,769	3,740,790	3,796,002	3,762,372	3,571,992	3,523,821	3,121,057	2,968,217	2,728,333	2,399,175	3,394,872	2,473,930	1,319,300	1,215,000	1,215,800	1,076,900	1,033,800	0	0	0	0
Other Current Liab	4,620,518	-585,012	-97,795	-168,386	-655,275	7,491,838	7,269,447	6,973,688	6,604,843	6,299,605	0	4,784,349	4,367,149	4,134,352	0	0	0	0	0	0	0	0	3,232,787	3,186,525	0	0	0	0	0	-140,600	-26,700	0	0
Other Liab	0	139,050	215,713	256,865	107,926	106,055	98,601	92,772	95,451	85,197	79,321	69,782	65,789	66,202	79,760	66,862	63,607	48,959	49,452	54,167	45,869	41,228	44,891	40,282	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	564,254	404,658	417,097	437,648	442,712	439,383	436,044	432,578	441,693	456,755	447,050	230,202	213,853	238,730	233,348	194,344	185,479	225,696	176,544	-4,030,920	181,938	180,549	193,481	171,090	99,200	111,800	98,700	83,600	81,100	77,200	71,900	64,400	58,300
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
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
Property Plant And Equipment Gross	243,492	189,809	184,361	74,206	75,631	78,970	81,305	84,187	88,826	89,258	88,327	77,875	74,541	67,404	66,221	65,241	64,042	66,982	63,693	63,743	62,443	61,261	62,685	43,457	21,700	20,200	18,800	16,300	16,500	15,400	15,700	15,800	16,800
Property Plant And Equipment Net	107,375	69,047	72,093	74,206	75,631	78,970	81,305	84,187	88,826	89,258	88,327	77,875	74,541	67,404	66,221	65,241	64,042	66,982	63,693	63,743	62,443	61,261	62,685	43,457	21,700	20,200	18,800	16,300	16,500	15,400	15,700	15,800	16,800
Property Plant Equipment	0	69,047	72,093	74,206	75,631	78,970	81,305	84,187	88,826	89,258	88,327	77,875	74,541	67,404	66,221	65,241	64,042	66,982	63,693	63,743	62,443	61,261	62,685	43,457	0	0	0	0	0	0	0	0	0
Retained Earnings	1,021,831	958,433	856,203	749,056	696,214	621,203	543,713	501,761	462,232	423,956	385,787	357,558	329,981	299,797	270,232	245,340	215,031	191,770	163,989	145,812	120,016	95,085	72,531	36,689	13,700	15,500	22,200	24,200	24,100	25,400	28,400	29,600	29,500
Retained Earnings Total Equity	0	958,433	856,203	749,056	696,214	621,203	543,713	501,761	462,232	423,956	0	357,558	329,981	299,797	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	293,000	585,012	97,795	168,386	655,275	871,696	719,123	681,703	50,360	217	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	665,613	787,950	311,476	406,731	820,682	1,046,616	909,188	886,986	674,124	548,943	866,061	605,855	551,936	529,308	710,675	838,701	868,776	838,558	883,182	752,066	672,631	451,076	394,344	367,247	150,500	106,800	134,700	108,400	118,900	149,300	41,200	10,300	5,400
Short Term Debt	393,753	585,012	97,795	168,386	655,275	871,696	719,123	681,703	442,481	316,802	456,042	162,941	181,592	159,434	155,977	206,492	368,467	345,408	444,977	338,823	302,931	105,601	122,013	132,375	115,300	96,600	134,500	88,200	115,900	140,600	26,700	0	0
Short Term Investments	1,430,858	1,527,225	1,687,361	1,348,698	975,340	998,496	1,255,925	1,338,290	1,174,544	1,013,171	1,364,881	1,147,999	1,244,619	1,129,368	1,116,758	1,119,665	1,140,114	1,106,322	954,474	952,542	2,454	2,799	6,756	14,233	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
Total Assets	13,309,040	11,739,296	12,012,111	10,932,906	9,715,925	9,556,363	9,136,812	8,867,268	8,262,646	7,797,926	7,652,175	6,042,259	5,598,406	5,338,856	5,464,026	5,336,088	5,201,776	5,087,572	4,426,773	4,212,304	4,046,885	3,723,726	3,638,202	2,655,788	1,393,600	1,290,000	1,280,600	1,139,000	1,106,300	1,044,600	953,900	868,600	838,900
Total Current Assets	247,889	1,724,575	2,956,432	2,021,379	1,192,183	7,381,877	7,022,579	6,626,330	6,236,646	5,949,392	5,785,351	4,582,569	4,055,150	3,909,582	3,983,163	3,872,768	3,734,938	3,662,614	3,263,545	3,066,654	2,856,377	2,523,798	3,524,829	2,584,592	1,365,300	1,262,200	1,253,200	1,112,700	1,078,200	43,400	36,100	39,600	62,400
Total Current Liabilities	5,014,271	585,012	97,795	168,386	655,275	871,696	719,123	681,703	442,481	316,802	456,042	162,941	181,592	159,434	155,977	206,492	368,467	345,408	444,977	338,823	302,931	105,601	3,354,800	3,318,900	115,300	96,600	134,500	88,200	115,900	140,600	26,700	0	0
Total Liab	11,883,349	10,565,742	10,761,658	9,745,288	8,595,528	8,538,454	8,178,635	7,953,952	7,380,642	6,933,745	6,835,606	5,459,986	5,060,296	4,805,284	4,958,903	4,904,243	4,804,476	4,683,755	4,092,830	3,880,071	3,719,851	3,414,344	3,354,847	2,447,767	1,267,100	1,159,400	1,157,300	1,032,700	998,300	946,300	852,800	774,600	751,100
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
Total Stockholder Equity	1,425,691	1,173,554	1,250,453	1,187,618	1,120,397	1,017,909	958,177	913,316	882,004	864,181	816,569	582,273	538,110	533,572	505,123	431,845	397,300	403,817	333,943	332,233	310,034	292,382	266,355	208,021	126,500	130,600	123,300	106,300	108,000	98,300	101,100	94,000	87,800
Treasury Stock	0	0	0	-140,434	-133,996	-136,083	-138,165	-142,500	-135,033	-119,749	-127,102	-116,490	-103,476	-75,293	-77,816	-82,074	-87,796	-45,832	-42,613	-28,139	-27,329	-29,894	-19,616	-11,087	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

	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
Accounts Payable	0	0	0	9,681,205	9,495,933	9,918,751	10,028,708	10,461,623	10,234,469	10,195,178	9,785,257	9,815,930	9,081,692	8,958,183	8,815,891	7,864,638	7,587,820	7,743,166	7,593,706	7,617,659	7,368,211	7,441,290	7,344,449	7,393,928	7,170,636	7,231,236	7,015,284	7,185,051	6,973,688	6,949,238	6,740,416	6,905,042	6,604,843	6,600,627	6,371,479	6,479,437	6,299,605	6,314,939	6,042,588	6,068,898	5,890,224	6,003,138	5,878,176	6,015,963	4,784,349	4,806,015	4,688,907	4,567,404	4,367,149	4,265,064	4,114,613	4,258,942	4,134,352	4,202,621	4,101,331	4,177,179	4,093,046	4,104,473	4,058,071	4,075,919	3,923,258	3,990,794	3,939,113	3,854,226	3,872,093	3,950,065	3,959,166	3,966,655	3,796,238	3,787,863	3,747,901	3,620,061	3,160,196	3,212,173	3,178,059	3,168,927	3,073,838	3,090,629	3,040,609	3,014,616	3,001,351	2,971,049	2,965,196	2,955,893	2,922,040	2,921,965	2,867,645	2,865,810	2,915,612	2,079,117	2,076,965	1,971,275	2,040,238	1,936,483	1,595,973	1,523,749	0	0	0	0	0	0	0	0	0	0	0	0	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
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
Accumulated Other Comprehensive Income	-160,934	-207,579	-190,100	-173,918	-190,034	-183,539	-124,781	-91,375	-23,344	-14,492	-9,292	-16,699	417	2,021	2,488	-2,792	-19,026	-22,924	-25,036	-34,932	-43,174	-49,112	-44,756	-40,991	-22,077	-16,664	-17,891	-19,592	-21,520	-11,980	-11,147	-13,871	-22,418	-13,365	-16,223	-13,531	-17,027	-8,750	-6,555	-11,550	-16,765	-23,120	-21,586	-7,126	-5,880	-3,746	-5,207	-5,475	-6,104	3,639	-213	-6,702	-5,335	4,507	5,048	2,596	1,163	2,335	-4,858	-5,377	-8,204	-8,052	-7,678	4,211	-3,575	-9,812	-18,822	-11,724	-14,014	-6,631	-17,114	-12,210	-6,934	-4,389	1,493	-4,559	4,693	5,864	-3,054	12,054	7,736	10,480	14,313	14,889	16,404	16,138	9,025	-406	3,921	8,543	-116	2,198	-2,864	-14,921	-17,167	-17,615	-11,100	-7,100	-4,400	18,200	3,300	5,300	2,400	1,800	2,400	800	-1,600	-5,400	-1,500	-3,900	-3,700	-1,900	2,800	-1,000	-1,100	-2,400	-4,300	-3,100	-2,600	-1,200	800	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
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	540	540	497	497	497	497	497	497	497	497	497	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	578,322	577,952	577,853	577,899	577,345	577,374	576,976	577,222	576,732	578,597	578,082	577,737	577,197	577,080	576,708	576,146	575,794	575,944	575,466	575,155	574,741	574,626	574,209	573,772	573,109	573,627	575,078	573,658	573,067	573,754	576,726	576,478	575,612	575,928	576,504	574,657	574,002	574,071	574,152	573,241	572,359	573,138	346,692	345,934	345,184	318,775	317,329	316,039	315,455	314,787	314,023	0	312,641	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	205,189	672,654	201,888	229,795	197,350	321,058	523,616	1,094,180	1,269,071	1,346,106	1,066,943	1,155,025	672,681	617,460	699,492	283,360	216,843	274,096	189,432	177,119	180,955	174,633	152,483	159,579	159,664	181,816	163,930	141,896	149,181	188,437	171,603	155,510	140,297	185,000	134,211	142,663	146,636	174,535	183,337	185,564	158,926	208,242	143,687	299,146	163,668	140,440	139,164	299,604	129,381	191,945	102,766	321,946	168,792	340,733	167,037	236,776	187,161	245,225	191,519	179,333	110,396	143,593	147,417	136,975	162,946	148,481	141,310	157,092	138,793	151,677	145,580	133,268	142,488	134,131	124,436	112,303	98,437	126,851	109,945	102,709	128,044	123,003	147,391	129,616	124,623	139,410	114,406	100,999	129,957	87,482	82,443	81,931	110,662	76,325	68,773	60,823	46,000	44,800	51,800	48,300	47,200	47,700	42,900	39,700	37,400	56,600	36,200	45,000	35,800	51,700	53,900	54,100	44,400	38,600	45,500	62,000	43,400	38,900	44,100	35,100	36,100	51,000	43,100	44,700	39,600	40,900	42,800	72,500	62,400	99,000	75,200	69,500
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-173,811	2,071,686	1,655,814	1,741,803	1,724,575	1,877,559	2,142,972	2,756,877	2,956,432	2,922,136	2,601,676	2,542,053	2,021,379	1,815,385	1,807,935	1,284,340	1,192,183	1,206,269	1,169,128	1,128,978	1,179,451	1,275,707	1,345,422	1,425,491	1,415,589	1,539,430	1,529,451	1,509,470	1,487,471	1,477,336	1,443,199	1,415,384	1,314,841	1,243,397	1,263,460	1,214,317	1,159,807	1,219,037	1,562,136	1,563,149	1,523,807	1,593,976	1,534,090	1,764,937	1,311,667	140,440	139,164	299,604	129,381	191,945	102,766	321,946	168,792	340,733	167,037	236,776	187,161	245,225	191,519	179,333	110,396	143,593	147,417	136,975	162,946	148,481	141,310	157,092	138,793	151,677	145,580	133,268	142,488	134,131	124,436	112,303	98,437	126,851	109,945	102,709	128,044	123,003	147,391	129,616	124,623	139,410	114,406	100,999	129,957	87,482	82,443	81,931	110,662	76,325	68,773	60,823	46,000	44,800	51,800	48,300	47,200	47,700	42,900	39,700	37,400	56,600	36,200	45,000	35,800	51,700	53,900	54,100	44,400	38,600	45,500	62,000	43,400	38,900	44,100	35,100	36,100	51,000	43,100	44,700	39,600	40,900	42,800	72,500	62,400	99,000	75,200	69,500
Common Stock	540	540	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	393	393	393	380	380	380	380	380	380	380	380	380	380	380	380	365	365	365	365	365	365	365	365	365	365	365	365	365	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	343	253	253	242	242	242	190	186	13,600	13,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	47,357	45,399	43,126	43,126	43,145	43,111	43,093	43,385	43,575	43,631	43,793	43,890	43,974	43,942	43,928	44,130	44,174	44,138	44,120	44,081	44,060	44,051	44,017	43,975	44,093	43,992	43,901	43,883	43,703	43,562	43,454	43,707	44,072	44,262	44,530	44,642	44,535	44,405	44,364	44,296	44,121	44,135	44,317	36,794	33,987	33,961	33,493	33,442	33,293	33,568	34,320	34,650	34,064	34,513	34,565	34,088	34,088	34,342	34,314	32,478	32,478	32,453	32,242	31,898	31,898	32,921	33,936	34,468	34,468	33,819	34,559	33,970	32,205	32,990	32,820	32,792	32,792	33,203	33,074	33,435	32,555	32,911	32,800	33,046	32,128	33,565	33,433	33,288	33,288	33,500	24,763	23,868	23,869	23,709	18,159	18,439	17,671	23,376	17,875	25,553	13,551	12,703	13,429	27,123	27,123	12,759	13,333	12,593	12,593	12,222	12,857	13,182	13,182	13,000	13,750	13,571	12,500	12,500	12,857	13,846	12,222	12,222	13,333	12,222	12,353	12,353	12,667	12,667	12,667	12,667	12,667	13,333
Common Stock Total Equity	0	0	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	497	393	393	393	380	380	380	380	380	380	380	380	380	380	380	380	365	365	365	0	365	365	365	365	365	365	365	365	365	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	343	253	253	242	242	242	190	186	13,600	13,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,819,464	1,735,784	1,749,359	1,851,531	1,843,518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	361,851	360,171	281,204	281,204	281,204	281,204	281,112	280,541	280,541	280,541	280,541	280,541	280,541	280,541	280,541	274,769	274,769	274,769	274,769	274,769	274,769	274,769	274,769	268,043	268,043	268,043	268,043	265,439	265,439	264,689	265,957	265,957	265,957	263,634	263,634	263,634	263,634	263,634	263,634	263,634	264,997	265,052	264,376	263,645	152,373	152,251	151,628	133,614	132,029	116,127	116,127	114,841	114,841	114,842	114,841	114,841	114,938	114,942	114,942	114,838	114,838	113,514	103,398	103,398	103,398	103,400	103,412	103,420	103,356	102,858	102,803	102,692	47,544	47,544	47,544	47,544	47,544	47,521	47,521	47,521	47,521	47,521	47,558	46,121	46,121	15,476	15,476	15,476	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	40,443	42,574	6,497	6,955	7,341	7,879	8,147	8,291	8,927	9,578	10,241	10,923	11,735	12,557	13,413	11,186	12,020	12,864	13,738	14,631	15,599	16,576	17,630	12,506	13,420	15,911	16,904	14,848	15,815	15,899	15,241	16,168	17,265	16,729	17,897	19,084	20,317	21,543	22,819	24,248	25,557	26,857	28,204	29,273	16,962	17,346	18,191	18,130	18,194	17,620	18,402	17,016	17,543	18,288	19,055	19,809	20,590	21,371	22,197	22,784	23,367	24,242	9,404	9,782	10,173	10,585	10,998	11,408	11,984	12,873	13,338	13,632	3,808	51,494	3,950	51,778	4,234	49,605	49,710	49,781	49,852	49,995	50,164	48,757	48,367	46,654	47,453	48,283	50,688	33,829	33,817	27,106	27,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	179	0	105	0	0	0	167	859	798	1,318	1,458	1,605	1,783	2,384	1,458	2,144	2,203	2,222	2,441	3,271	4,349	4,949	4,529	4,230	4,747	6,940	5,581	2,501	2,211	2,716	4,666	4,855	4,649	4,387	3,964	1,497	1,953	2,564	2,904	3,626	3,757	2,864	2,276	1,863	1,815	1,954	2,160	650	1,034	630	901	1,143	1,466	1,989	2,358	3,319	1,688	1,254	665	855	1,140	480	560	917	981	632	389	395	423	279	265	235	395	438	428	446	365	757	1,157	1,871	2,280	2,609	2,947	3,092	2,047	1,960	1,577	893	809	803	722	745	941	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
Liabilities And Stockholders Equity	13,309,040	13,827,628	11,890,497	11,839,730	11,739,296	11,640,742	11,720,459	12,147,833	12,012,111	11,994,411	11,574,947	11,537,253	10,932,906	10,850,212	10,847,184	9,953,543	9,715,925	9,661,386	9,635,718	9,533,510	9,556,363	9,547,284	9,467,138	9,231,986	9,136,812	9,155,396	9,076,418	8,945,485	8,867,268	8,773,024	8,624,780	8,472,964	8,262,646	8,161,562	8,072,485	7,863,861	7,797,926	7,867,031	7,869,512	7,753,129	7,652,175	7,668,903	7,534,518	7,610,831	6,042,259	6,028,916	5,967,568	5,784,973	5,598,406	5,478,451	5,336,996	5,477,612	5,338,856	5,481,992	5,415,161	5,531,060	5,464,026	5,484,387	5,417,057	5,406,234	5,336,088	5,335,158	5,309,500	5,229,771	5,201,776	5,151,072	5,121,634	5,100,781	5,087,572	5,059,171	4,995,912	4,885,851	4,426,773	4,385,621	4,381,364	4,255,439	4,212,304	4,201,089	4,125,374	4,016,733	4,046,885	4,047,237	3,917,457	3,751,747	3,723,726	3,728,685	3,678,098	3,594,875	3,638,202	2,678,207	2,703,523	2,580,657	2,655,788	2,559,064	2,101,321	2,029,106	1,393,600	1,378,300	1,350,800	1,307,100	1,290,000	1,302,900	1,298,400	1,289,300	1,280,600	1,282,300	1,238,500	1,202,600	1,139,000	1,141,300	1,124,600	1,109,500	1,106,300	1,058,600	1,044,700	1,036,400	1,044,600	1,029,900	1,048,100	968,800	953,900	954,300	908,800	889,000	868,600	864,300	833,300	847,500	838,900	852,800	821,500	850,700
Long Term Debt	250,736	250,423	228,105	228,022	202,938	203,335	203,251	213,766	213,681	213,596	213,512	199,358	199,248	199,139	199,178	101,196	101,196	101,196	101,196	101,196	174,920	174,947	174,974	190,020	190,065	190,110	190,154	205,219	205,283	215,340	211,502	231,573	231,643	231,831	231,901	231,971	232,141	232,252	352,321	409,875	410,019	410,205	410,307	529,857	442,914	442,566	442,569	445,912	445,766	445,769	445,772	445,454	445,296	504,890	554,883	580,012	630,120	655,134	680,130	691,500	707,631	708,884	695,142	500,280	500,309	452,541	427,573	468,214	493,150	493,175	497,158	500,287	438,205	438,073	438,097	413,220	413,243	413,265	388,287	388,399	386,700	386,721	387,129	362,345	362,475	367,603	367,729	342,933	289,331	269,276	271,480	242,935	234,872	236,418	160,983	161,793	0	0	0	0	0	0	0	0	0	0	0	0	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	0	198,341	198,232	198,123	200,013	199,904	199,795	199,686	199,576	199,467	199,358	199,248	199,139	199,178	101,196	101,196	101,196	101,196	101,196	174,920	174,947	174,974	190,020	190,065	190,110	190,154	205,219	205,283	215,340	211,502	231,573	231,643	231,831	231,901	231,971	232,141	232,252	352,321	409,875	410,019	410,205	410,307	529,857	442,914	442,566	442,569	445,912	445,766	445,769	445,772	445,454	445,296	0	554,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,373,716	2,349,152	2,400,695	2,451,639	2,477,526	2,516,470	2,585,842	2,590,256	2,454,121	2,292,146	2,189,890	8,122,753	8,006,564	8,111,054	8,129,802	7,775,217	7,704,938	7,637,865	7,651,371	7,607,997	7,605,746	7,479,441	7,330,776	7,064,050	7,010,813	6,903,776	6,827,345	6,732,440	6,670,064	6,589,246	6,484,256	6,379,310	6,299,523	6,284,787	6,168,709	6,022,702	5,991,066	5,984,999	5,638,274	5,537,441	5,460,423	5,420,591	5,346,920	5,193,535	4,272,763	4,245,538	4,158,508	3,821,348	3,802,742	3,712,680	3,674,187	3,650,187	3,638,890	0	3,702,189	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	460,424	67,949	678,630	473,453	590,600	-43,169	-257,820	-815,392	-957,595	-1,032,795	-762,833	-846,259	-265,950	-170,723	-96,504	430,923	603,839	354,605	605,397	542,656	865,661	812,023	876,488	616,453	749,524	690,244	857,409	603,566	737,805	611,930	706,323	423,931	533,827	409,163	609,682	282,480	402,307	433,354	703,462	581,189	707,135	575,197	652,231	416,582	442,187	364,069	440,186	236,863	422,555	336,687	443,542	215,547	360,516	255,199	471,460	434,756	523,514	482,279	533,293	563,932	728,305	715,768	677,927	763,297	705,830	609,925	576,650	515,543	699,765	665,959	672,215	696,721	740,694	660,135	697,832	608,431	653,629	606,034	627,486	523,783	544,587	578,682	434,719	310,832	326,453	324,435	359,226	306,096	264,387	253,915	285,574	276,991	256,585	314,255	252,764	266,415	104,500	103,600	152,700	92,500	59,600	82,700	119,500	77,100	97,300	102,400	136,900	68,500	72,600	63,000	87,700	33,400	74,500	46,800	61,400	-10,100	105,900	57,600	84,600	1,700	5,100	-40,700	-32,800	-34,400	-29,300	-35,600	-37,500	-67,100	-57,000	-93,600	-69,800	-64,100
Net Invested Capital	1,969,427	740,603	880,518	703,248	787,950	277,889	265,796	278,788	311,476	313,311	304,110	308,766	1,594,349	1,612,848	1,745,640	1,826,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	8,257,724	8,164,328	8,049,347	7,807,984	7,684,081	7,559,826	7,406,459	7,473,442	7,419,127	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,200	8,400	10,000
Net Tangible Assets	0	0	922,792	923,500	885,009	867,463	899,297	913,418	960,985	951,338	934,274	899,517	895,342	873,013	848,698	826,224	833,608	810,968	786,316	744,655	727,541	702,810	686,530	672,181	676,714	671,284	655,414	646,552	632,062	628,761	615,155	599,602	598,782	595,853	594,440	594,776	580,230	572,263	570,688	544,320	526,015	503,650	498,995	510,377	412,938	407,064	396,686	396,989	387,887	405,101	400,734	407,219	401,188	0	393,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-4,766,382	1,581,506	1,003,401	1,266,577	1,139,563	1,803,005	1,751,834	2,691,855	9,098,634	9,240,503	8,931,195	9,065,471	8,402,043	8,408,816	8,402,186	7,393,465	7,065,045	7,217,353	6,910,598	6,862,930	6,510,181	6,580,201	6,480,769	6,509,170	6,303,456	6,245,265	5,986,546	6,148,400	5,944,627	6,039,628	5,811,535	6,020,871	5,794,165	5,894,049	5,599,281	5,763,129	5,632,590	5,605,450	5,448,490	5,518,287	5,329,309	5,407,591	5,250,719	5,510,433	4,419,628	4,388,368	4,218,906	4,074,882	3,873,558	3,871,851	3,722,778	3,912,452	3,750,148	3,929,909	3,792,893	3,851,792	3,827,186	3,831,286	3,837,683	3,824,166	3,666,276	3,730,669	3,673,056	3,367,237	3,366,471	3,376,845	3,385,890	3,453,783	3,317,206	3,305,910	3,281,439	3,157,064	2,818,568	2,874,378	2,830,709	2,794,723	2,727,831	2,712,556	2,604,649	2,597,278	2,553,446	2,429,812	2,514,312	2,455,625	2,418,197	195,538	189,729	175,817	170,029	-762,175	-770,747	-735,014	-734,308	-77,837	-91,781	-104,622	1,250,000	1,237,400	1,154,000	1,174,000	1,165,600	1,154,500	1,117,600	1,154,800	1,118,700	1,097,000	1,059,200	1,083,200	1,024,500	1,023,100	958,800	997,300	962,300	951,500	916,700	968,200	-97,200	-43,900	-70,100	12,800	9,400	0	0	0	0	0	0	0	0	0	0	0
Non Current Assets Total	13,061,151	2,834,734	2,755,195	2,807,666	2,835,118	2,874,891	2,944,527	2,950,118	2,815,682	2,654,193	2,553,154	2,376,443	2,362,477	2,257,924	2,105,342	2,011,174	1,995,605	2,000,767	2,115,754	2,125,697	2,174,486	2,155,374	2,132,372	2,135,652	2,114,233	2,228,181	2,258,687	2,256,842	2,240,938	2,148,369	2,146,821	2,104,225	2,026,000	1,905,181	1,961,212	1,907,560	1,848,534	1,885,944	1,886,544	1,877,964	1,866,824	1,888,078	1,898,188	1,914,527	1,459,690	1,503,183	1,536,459	1,544,114	1,543,256	1,448,315	1,438,260	1,397,699	1,429,274	1,385,619	1,463,232	1,512,326	1,480,863	1,505,309	1,459,270	1,454,881	1,463,320	1,454,012	1,430,820	1,462,542	1,466,838	1,468,362	1,445,357	1,442,577	1,424,958	1,428,800	1,393,836	1,399,085	1,163,228	1,155,050	1,166,484	1,153,202	1,145,650	1,168,913	1,171,581	1,181,362	1,190,508	1,285,461	1,191,164	1,201,019	1,199,928	107,847	109,169	109,158	113,373	83,082	82,770	71,771	71,196	742,523	600,015	616,592	28,300	27,700	27,500	27,500	27,800	28,200	28,600	27,900	27,400	26,500	26,400	26,100	26,300	26,600	27,200	27,700	28,100	24,700	24,800	25,000	406,300	403,300	425,300	358,200	344,800	341,200	313,700	294,600	248,600	286,700	262,500	251,100	246,400	217,700	214,000	255,900
Non Current Liabilities Other	0	0	299,331	273,408	286,674	290,878	240,746	219,143	229,708	258,485	274,569	235,645	295,962	343,307	349,807	326,626	251,237	275,157	256,627	235,717	123,627	125,183	114,789	108,144	98,811	96,862	99,434	88,133	93,278	114,070	110,085	106,754	101,675	90,556	81,142	81,787	85,197	86,763	82,984	85,276	79,321	86,767	68,849	75,845	69,782	66,309	57,384	56,947	65,789	70,485	65,390	66,679	66,202	0	72,889	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,869,078	250,423	228,105	475,226	585,012	74,554	203,251	213,766	213,681	213,596	213,512	213,427	238,345	263,265	263,332	165,379	165,407	185,435	185,463	174,892	174,920	174,947	174,974	190,020	190,065	190,110	190,154	205,219	205,283	215,340	211,502	231,573	231,643	231,831	231,901	231,971	232,141	232,252	352,321	409,875	410,019	410,205	410,307	529,857	442,914	367,144	367,147	370,490	370,344	370,347	370,350	370,032	369,874	429,468	479,461	504,590	554,698	579,712	604,708	616,078	632,209	708,884	619,720	500,280	500,309	452,541	427,573	468,214	493,150	493,175	497,158	500,287	438,205	438,073	438,097	413,220	413,243	413,265	388,287	388,399	369,700	369,721	370,129	345,345	345,475	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	236,418	160,983	161,793	35,200	35,200	35,200	35,200	10,200	10,200	10,200	10,200	200	200	20,200	20,200	20,200	23,100	3,000	3,000	3,000	3,000	3,700	8,700	8,700	13,700	14,500	14,500	14,500	10,300	10,300	10,300	10,300	5,300	5,300	5,400	5,400	5,400	5,400	5,400
Non Currrent Assets Other	414,996	-2,834,734	-2,755,195	-2,807,666	-136,147	-2,874,891	467,948	1,471,005	1,286,829	-2,364,074	-2,262,372	-2,084,979	-2,070,201	-1,964,826	8,541,355	-1,725,219	7,475,706	7,359,705	7,304,234	7,205,212	7,177,869	7,192,555	7,157,990	-1,536	5,606,990	5,387,785	5,288,280	5,179,173	5,138,859	5,147,319	5,034,760	4,953,355	4,921,805	4,906,016	4,727,497	4,609,309	4,642,329	4,465,804	4,107,929	4,112,820	4,041,957	3,943,380	3,833,089	3,636,587	1,647,764	3,194,186	3,070,239	2,698,133	2,681,150	2,668,639	3,714,157	2,652,361	2,611,422	-1	1	-1,377,676	-1,345,335	-1,368,996	-1,322,131	-1,317,259	-1,325,115	137,756	-1,318,018	113,180	113,571	113,985	114,410	114,828	115,340	115,731	116,141	116,324	51,352	51,494	51,636	51,778	47,583	49,605	49,710	49,781	49,852	49,995	50,164	48,757	48,367	46,654	47,453	48,283	50,688	33,829	33,817	27,106	27,739	-742,523	-600,015	-616,592	6,600	6,800	7,100	7,300	7,600	7,800	8,100	8,400	8,600	8,900	9,300	9,600	10,000	10,300	10,700	11,100	11,600	8,900	9,200	9,500	-406,300	-403,300	-425,300	-358,200	-344,800	-341,200	-313,700	-294,600	-248,600	-286,700	-262,500	-251,100	-246,400	-217,700	-214,000	-255,900
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
Other Assets	0	8,921,208	7,479,488	7,290,261	7,179,603	6,888,292	6,961,553	6,440,838	14,827,793	14,648,604	14,128,101	13,913,696	13,295,383	13,108,136	12,952,526	11,964,717	11,711,530	11,662,153	11,751,472	11,659,207	11,730,849	11,702,658	11,599,510	1,152	11,251,045	11,383,577	11,335,105	11,202,327	11,108,206	10,921,393	10,771,601	10,577,189	10,288,646	10,066,743	10,033,697	9,771,421	9,646,460	9,752,975	9,756,056	9,631,093	9,518,999	9,556,981	9,432,706	9,525,358	7,501,949	7,532,099	7,504,027	7,329,087	7,141,662	6,926,766	6,775,256	6,875,311	6,768,130	6,867,611	6,878,393	7,043,386	6,944,889	6,989,696	6,876,327	6,861,115	6,799,408	6,789,170	6,740,320	6,692,313	6,668,614	6,619,434	6,566,991	6,543,358	6,512,530	6,487,971	6,389,748	6,284,936	5,590,001	5,540,671	5,547,848	5,408,641	5,357,954	5,370,002	5,296,955	5,198,095	5,237,393	5,332,698	5,108,621	4,952,766	4,923,654	1,200,632	1,207,607	1,158,696	1,149,093	761,967	779,994	752,395	798,814	1,740,216	1,432,533	1,351,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	594,900	587,700	578,700	575,500	573,000	562,100	552,000	549,700	580,400	536,700	528,000	523,900	530,100	527,900	523,900	515,300
Other Current Assets	247,889	672,654	202,067	229,900	230,455	321,058	-328,593	263	6,239,997	6,418,082	6,420,117	6,618,757	6,549,050	6,776,903	6,933,907	6,658,029	6,528,137	6,454,350	6,350,836	6,278,835	6,202,426	6,116,203	5,989,344	5,669,691	5,606,990	5,387,785	5,288,280	5,179,173	5,138,859	5,147,319	5,034,760	4,953,355	4,921,805	5,012,984	4,847,813	4,741,984	4,789,585	4,762,050	4,420,832	4,312,016	4,261,544	4,186,849	4,102,240	3,931,367	3,270,902	4,385,293	4,291,945	3,941,255	3,925,769	3,838,191	3,795,970	3,757,967	3,740,790	3,755,640	3,784,892	3,781,958	3,796,002	3,733,853	3,766,268	3,772,020	3,762,372	3,737,553	3,731,263	3,630,254	3,571,992	3,534,229	3,534,967	3,501,112	3,523,821	3,478,694	3,456,496	3,353,498	3,121,057	3,096,440	3,090,444	2,989,934	2,968,217	2,905,325	2,843,848	2,732,662	2,728,333	2,638,773	2,578,902	2,421,112	2,399,175	3,481,428	3,454,523	3,384,718	3,394,872	2,507,643	2,538,310	2,426,955	2,473,930	0	0	0	1,319,300	1,305,800	1,271,500	1,231,300	1,215,000	1,227,000	1,226,900	1,221,700	1,215,800	1,199,200	1,175,900	1,131,500	1,076,900	1,063,000	1,043,500	1,027,700	1,033,800	995,300	974,400	949,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	4,620,518	-490,180	-652,413	-475,226	-585,012	-74,554	10,028,708	10,461,623	10,234,469	10,195,178	9,785,257	9,815,930	9,081,692	8,958,183	8,815,891	7,864,638	7,587,820	7,743,166	7,593,706	7,617,659	7,368,211	7,441,290	7,344,449	7,393,928	7,170,636	7,231,236	7,015,284	7,185,051	6,973,688	6,949,238	6,740,416	6,905,042	6,604,843	6,600,627	6,371,479	6,479,437	6,299,605	6,314,939	6,042,588	6,068,898	5,890,224	6,003,138	5,878,176	6,015,963	4,784,349	4,806,015	4,688,907	4,567,404	4,367,149	4,265,064	4,114,613	4,258,942	4,134,352	0	4,101,331	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,312,058	3,256,297	3,228,738	3,232,787	3,285,179	3,294,963	3,127,913	3,186,525	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-140,600	-82,800	-114,200	-22,300	-26,700	0	0	0	0	0	0	0	0	0	0	0
Other Liab	0	0	155,348	243,618	139,050	287,556	237,399	205,172	215,713	244,465	182,231	221,576	256,865	156,347	156,685	143,399	107,926	101,046	96,660	104,378	106,055	105,129	96,326	108,144	98,811	96,862	99,434	88,133	93,278	114,070	110,085	106,754	101,675	90,556	81,142	81,787	85,197	86,763	82,984	85,276	79,321	86,767	68,849	75,845	69,782	66,309	57,384	56,947	65,789	70,485	65,390	66,679	66,202	73,766	72,889	91,451	79,760	79,446	76,612	69,030	66,862	63,875	65,749	69,410	63,607	56,955	53,574	53,911	48,959	54,123	52,610	50,047	49,452	47,014	50,288	46,539	54,167	52,197	39,659	53,345	45,869	52,813	55,301	46,786	41,228	39,485	37,903	36,950	44,891	25,698	29,207	33,052	40,282	25,018	16,140	15,587	0	0	0	0	0	0	0	0	0	0	0	0	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	564,254	563,401	403,176	405,358	404,658	404,418	403,811	409,882	298,735	424,435	428,129	430,013	437,648	436,943	436,345	435,863	442,712	441,938	441,255	440,934	439,383	438,849	438,144	437,441	436,044	435,298	434,495	434,009	432,578	428,702	424,929	423,451	441,693	436,383	449,251	457,688	456,755	450,998	450,188	448,666	447,050	441,136	446,109	451,475	230,202	228,753	227,859	217,041	213,853	211,429	220,223	238,342	238,730	237,070	236,972	235,342	233,348	231,527	230,036	195,729	194,344	191,662	182,763	180,578	185,479	182,322	205,216	219,991	225,696	220,440	216,547	227,269	176,544	169,482	169,534	171,063	181,384	179,612	177,239	183,083	181,938	180,159	175,784	175,273	180,549	197,909	198,805	190,108	193,481	190,095	188,339	176,887	171,090	158,711	143,342	138,121	99,200	91,400	110,800	94,800	111,800	99,000	101,200	99,300	98,700	149,500	86,200	86,900	83,600	75,900	77,400	78,600	81,100	74,700	75,300	76,400	77,200	71,000	70,800	72,100	71,900	65,400	64,800	64,600	64,400	59,100	38,600	58,700	58,300	54,500	54,200	53,900
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
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
Property Plant And Equipment Gross	243,492	0	0	0	189,809	0	0	0	0	0	72,482	72,705	74,206	73,055	74,558	76,502	75,631	75,708	76,652	78,391	78,970	78,284	78,578	80,073	81,305	81,421	82,185	83,144	84,187	84,153	84,596	86,407	88,826	87,763	87,652	88,150	89,258	89,023	87,972	87,647	88,327	86,891	87,811	88,582	77,875	77,326	76,906	75,232	74,541	69,092	66,898	67,109	67,404	66,602	66,305	66,229	66,221	65,652	64,797	64,951	65,241	65,201	64,871	64,302	64,042	64,406	65,286	65,784	66,982	66,988	66,948	67,889	63,693	63,611	64,133	63,743	63,743	62,557	62,008	62,426	62,443	61,857	61,332	61,609	61,261	61,193	61,716	60,875	62,685	49,253	48,953	44,665	43,457	44,308	39,823	40,292	21,700	20,900	20,400	20,200	20,200	20,400	20,500	19,500	18,800	17,600	17,100	16,500	16,300	16,300	16,500	16,600	16,500	15,800	15,600	15,500	15,400	15,300	16,100	15,800	15,700	15,900	16,000	15,900	15,800	15,900	16,300	16,600	16,800	17,000	17,200	16,900
Property Plant And Equipment Net	107,375	82,837	66,799	67,868	69,047	69,338	69,426	71,030	72,093	71,928	72,482	72,705	74,206	73,055	74,558	76,502	75,631	75,708	76,652	78,391	78,970	78,284	78,578	80,073	81,305	81,421	82,185	83,144	84,187	84,153	84,596	86,407	88,826	87,763	87,652	88,150	89,258	89,023	87,972	87,647	88,327	86,891	87,811	88,582	77,875	77,326	76,906	75,232	74,541	69,092	66,898	67,109	67,404	66,602	66,305	66,229	66,221	65,652	64,797	64,951	65,241	65,201	64,871	64,302	64,042	64,406	65,286	65,784	66,982	66,988	66,948	67,889	63,693	63,611	64,133	63,806	63,743	62,557	62,008	62,426	62,443	61,857	61,332	61,609	61,261	61,193	61,716	60,875	62,685	49,253	48,953	44,665	43,457	44,308	39,823	40,292	21,700	20,900	20,400	20,200	20,200	20,400	20,500	19,500	18,800	17,600	17,100	16,500	16,300	16,300	16,500	16,600	16,500	15,800	15,600	15,500	15,400	15,300	16,100	15,800	15,700	15,900	16,000	15,900	15,800	15,900	16,300	16,600	16,800	17,000	17,200	16,900
Property Plant Equipment	0	0	66,799	67,868	69,047	69,338	69,426	71,030	72,093	71,928	72,482	72,705	74,206	73,055	74,558	76,502	75,631	75,708	76,652	78,391	78,970	78,284	78,578	80,073	81,305	81,421	82,185	83,144	84,187	84,153	84,596	86,407	88,826	87,763	87,652	88,150	89,258	89,023	87,972	87,647	88,327	86,891	87,811	88,582	77,875	77,326	76,906	75,232	74,541	69,092	66,898	67,109	67,404	66,602	66,305	66,229	66,221	65,652	64,797	64,951	65,241	65,201	64,871	64,302	64,042	64,406	65,286	65,784	66,982	66,988	66,948	67,889	63,693	63,611	64,133	63,806	63,743	62,557	62,008	62,426	62,443	61,857	61,332	61,609	61,261	61,193	61,716	60,875	62,685	49,253	48,953	44,665	43,457	44,308	39,823	40,292	0	0	0	0	0	0	0	0	0	0	0	0	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	1,021,831	1,006,459	996,920	979,722	958,433	935,170	909,029	883,246	856,203	831,017	805,722	777,170	749,056	726,650	703,322	678,611	696,214	679,090	658,107	627,556	621,203	603,921	585,044	555,783	543,713	536,107	523,260	511,925	501,761	492,130	482,074	471,650	462,232	452,701	442,446	432,840	423,956	414,695	413,011	394,589	385,787	377,046	366,555	358,449	357,558	351,261	343,460	336,787	329,981	323,400	314,873	307,056	299,797	292,294	284,622	277,158	270,232	263,300	256,582	251,881	245,340	237,153	228,787	220,709	215,031	212,771	204,175	198,948	191,770	185,375	177,808	170,330	163,989	166,731	159,378	152,391	145,812	139,558	133,146	126,799	120,016	113,707	107,409	101,114	95,085	88,137	82,769	77,568	72,531	41,647	40,742	40,279	36,689	48,030	24,139	24,225	13,700	23,500	20,800	18,200	15,500	28,200	25,400	25,800	22,200	-31,400	29,100	26,400	24,200	29,900	27,600	25,900	24,100	29,300	27,700	26,400	25,400	30,400	30,300	29,400	28,400	33,500	32,200	31,000	29,600	33,200	52,100	30,600	29,500	32,300	31,100	29,900
Retained Earnings Total Equity	0	0	996,920	979,722	958,433	935,170	909,029	883,246	856,203	831,017	805,722	777,170	749,056	726,650	703,322	678,611	696,214	679,090	658,107	627,556	621,203	603,921	585,044	555,783	543,713	536,107	523,260	511,925	501,761	492,130	482,074	471,650	462,232	452,701	442,446	432,840	423,956	414,695	413,011	394,589	385,787	377,046	366,555	358,449	357,558	351,261	343,460	336,787	329,981	323,400	314,873	307,056	299,797	0	284,622	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	293,000	490,180	652,413	475,226	585,012	74,554	62,545	65,022	97,795	99,715	90,598	95,339	168,386	183,472	339,656	548,904	655,275	443,266	609,366	544,883	20,000	0	1,047,434	785,546	40,037	876,188	1,024,299	540,243	40,150	585,027	666,424	347,868	50,360	0	0	0	217	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	665,613	740,603	880,518	703,248	787,950	277,889	265,796	278,788	311,476	313,311	304,110	308,766	406,731	446,737	602,988	714,283	820,682	628,701	794,829	719,775	1,046,616	986,656	1,028,971	776,032	909,188	872,060	1,021,339	745,462	886,986	800,367	877,926	579,441	674,124	594,163	743,893	425,143	548,943	607,889	886,799	766,753	866,061	783,439	795,918	715,728	605,855	504,509	579,350	536,467	551,936	528,632	546,308	537,493	529,308	595,932	638,497	671,532	710,675	727,504	724,812	743,265	838,701	859,361	825,344	900,272	868,776	758,406	717,960	672,635	838,558	817,636	817,795	829,989	883,182	794,266	822,268	720,734	752,066	732,885	737,431	626,492	672,631	701,685	582,110	440,448	451,076	463,845	473,632	407,095	394,344	341,397	368,017	358,922	367,247	390,580	321,537	327,238	150,500	148,400	204,500	140,800	106,800	130,400	162,400	116,800	134,700	159,000	173,100	113,500	108,400	114,700	141,600	87,500	118,900	85,400	106,900	51,900	149,300	96,500	128,700	36,800	41,200	10,300	10,300	10,300	10,300	5,300	5,300	5,400	5,400	5,400	5,400	5,400
Short Term Debt	393,753	490,180	652,413	475,226	585,012	74,554	62,545	65,022	97,795	99,715	90,598	95,339	168,386	183,472	339,656	548,904	655,275	443,266	609,366	544,883	871,696	811,709	853,997	586,012	719,123	681,950	831,185	540,243	681,703	585,027	666,424	347,868	442,481	362,332	511,992	193,172	316,802	375,637	534,478	356,878	456,042	373,234	385,611	185,871	162,941	137,365	212,203	165,977	181,592	158,285	175,958	167,461	159,434	166,464	159,036	166,942	155,977	147,792	120,104	127,187	206,492	150,477	205,624	399,992	368,467	305,865	290,387	204,421	345,408	324,461	320,637	329,702	444,977	356,193	384,171	307,514	338,823	319,620	349,144	238,093	302,931	331,964	211,981	95,103	105,601	113,242	122,903	81,162	122,013	72,121	96,537	115,987	132,375	154,162	160,554	165,445	115,300	113,200	169,300	105,600	96,600	120,200	152,200	106,600	134,500	158,800	152,900	93,300	88,200	91,600	138,600	84,500	115,900	82,400	103,200	43,200	140,600	82,800	114,200	22,300	26,700	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	1,430,858	1,399,032	1,453,926	1,512,008	1,527,225	1,556,501	1,619,356	1,662,697	1,687,361	1,576,030	1,534,733	1,387,028	1,348,698	1,197,925	1,108,443	1,000,980	975,340	932,173	979,696	951,859	998,496	1,101,074	1,192,939	1,265,912	1,255,925	1,357,614	1,365,521	1,367,574	1,338,290	1,288,899	1,271,596	1,259,874	1,174,544	1,058,397	1,129,249	1,071,654	1,013,171	1,044,502	1,378,799	1,377,585	1,364,881	1,385,734	1,390,403	1,465,791	1,147,999	1,191,107	1,221,706	1,243,122	1,244,619	1,169,552	1,156,679	1,105,606	1,129,368	1,080,165	1,137,986	1,151,746	79,181	1,132,423	1,114,330	1,111,372	2,987	1,101,103	1,104,491	1,127,707	7,451	1,146,524	1,118,124	1,116,205	7,857	1,111,473	1,100,416	1,112,118	7,987	0	942,770	0	950,555	0	0	0	2,454	0	0	0	2,799	0	0	0	6,756	0	0	0	14,233	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Total Assets	13,309,040	13,827,628	11,890,497	11,839,730	11,739,296	11,640,742	11,720,459	12,147,833	12,012,111	11,994,411	11,574,947	11,537,253	10,932,906	10,850,212	10,847,184	9,953,543	9,715,925	9,661,386	9,635,718	9,533,510	9,556,363	9,547,284	9,467,138	9,231,986	9,136,812	9,155,396	9,076,418	8,945,485	8,867,268	8,773,024	8,624,780	8,472,964	8,262,646	8,161,562	8,072,485	7,863,861	7,797,926	7,867,031	7,869,512	7,753,129	7,652,175	7,668,903	7,534,518	7,610,831	6,042,259	6,028,916	5,967,568	5,784,973	5,598,406	5,478,451	5,336,996	5,477,612	5,338,856	5,481,992	5,415,161	5,531,060	5,464,026	5,484,387	5,417,057	5,406,234	5,336,088	5,335,158	5,309,500	5,229,771	5,201,776	5,151,072	5,121,634	5,100,781	5,087,572	5,059,171	4,995,912	4,885,851	4,426,773	4,385,621	4,381,364	4,255,439	4,212,304	4,201,089	4,125,374	4,016,733	4,046,885	4,047,237	3,917,457	3,751,747	3,723,726	3,728,685	3,678,098	3,594,875	3,638,202	2,678,207	2,703,523	2,580,657	2,655,788	2,559,064	2,101,321	2,029,106	1,393,600	1,378,300	1,350,800	1,307,100	1,290,000	1,302,900	1,298,400	1,289,300	1,280,600	1,282,300	1,238,500	1,202,600	1,139,000	1,141,300	1,124,600	1,109,500	1,106,300	1,058,600	1,044,700	1,036,400	1,044,600	1,029,900	1,048,100	968,800	953,900	954,300	908,800	889,000	868,600	864,300	833,300	847,500	838,900	852,800	821,500	850,700
Total Current Assets	247,889	2,071,686	1,655,814	1,741,803	1,724,575	1,877,559	1,814,379	2,756,877	9,196,429	9,340,218	9,021,793	9,160,810	8,570,429	8,592,288	8,741,842	7,942,369	7,720,320	7,660,619	7,519,964	7,407,813	7,381,877	7,391,910	7,334,766	7,095,182	7,022,579	6,927,215	6,817,731	6,688,643	6,626,330	6,624,655	6,477,959	6,368,739	6,236,646	6,256,381	6,111,273	5,956,301	5,949,392	5,981,087	5,982,968	5,875,165	5,785,351	5,780,825	5,636,330	5,696,304	4,582,569	4,525,733	4,431,109	4,240,859	4,055,150	4,030,136	3,898,736	4,079,913	3,909,582	4,096,373	3,951,929	4,018,734	3,983,163	3,979,078	3,957,787	3,951,353	3,872,768	3,881,146	3,878,680	3,767,229	3,734,938	3,682,710	3,676,277	3,658,204	3,662,614	3,630,371	3,602,076	3,486,766	3,263,545	3,230,571	3,214,880	3,102,237	3,066,654	3,032,176	2,953,793	2,835,371	2,856,377	2,761,776	2,726,293	2,550,728	2,523,798	3,620,838	3,568,929	3,485,717	3,524,829	2,595,125	2,620,753	2,508,886	2,584,592	76,325	68,773	60,823	1,365,300	1,350,600	1,323,300	1,279,600	1,262,200	1,274,700	1,269,800	1,261,400	1,253,200	1,255,800	1,212,100	1,176,500	1,112,700	1,114,700	1,097,400	1,081,800	1,078,200	1,033,900	1,019,900	1,011,400	43,400	38,900	44,100	35,100	36,100	51,000	43,100	44,700	39,600	40,900	42,800	72,500	62,400	107,200	83,600	79,500
Total Current Liabilities	5,014,271	490,180	652,413	475,226	585,012	74,554	62,545	65,022	97,795	99,715	90,598	95,339	168,386	183,472	339,656	548,904	655,275	443,266	609,366	544,883	871,696	811,709	853,997	586,012	719,123	681,950	831,185	540,243	681,703	585,027	666,424	347,868	442,481	362,332	511,992	193,172	316,802	375,637	534,478	356,878	456,042	373,234	385,611	185,871	162,941	137,365	212,203	165,977	181,592	158,285	175,958	167,461	159,434	166,464	159,036	166,942	155,977	147,792	120,104	127,187	206,492	150,477	205,624	399,992	368,467	305,865	290,387	204,421	345,408	324,461	320,637	329,702	444,977	356,193	384,171	307,514	338,823	319,620	349,144	238,093	302,931	331,964	211,981	95,103	105,601	3,425,300	3,379,200	3,309,900	3,354,800	3,357,300	3,391,500	3,243,900	3,318,900	154,162	160,554	165,445	115,300	113,200	169,300	105,600	96,600	120,200	152,200	106,600	134,500	158,800	152,900	93,300	88,200	91,600	138,600	84,500	115,900	82,400	103,200	43,200	140,600	82,800	114,200	22,300	26,700	0	0	0	0	0	0	0	0	0	0	0
Total Liab	11,883,349	12,464,807	10,680,004	10,628,071	10,565,742	10,484,196	10,531,903	10,945,583	10,761,658	10,752,954	10,349,891	10,346,272	9,745,288	9,684,101	9,704,532	8,841,364	8,595,528	8,562,785	8,560,895	8,499,455	8,538,454	8,553,129	8,488,209	8,278,104	8,178,635	8,200,158	8,136,057	8,018,646	7,953,952	7,863,675	7,728,427	7,591,237	7,380,642	7,285,346	7,196,514	6,986,367	6,933,745	7,009,591	7,012,371	6,920,927	6,835,606	6,873,344	6,742,943	6,807,536	5,459,986	5,452,255	5,401,063	5,236,240	5,060,296	4,939,603	4,801,733	4,938,536	4,805,284	4,947,741	4,888,139	5,015,584	4,958,903	4,986,845	4,934,917	4,963,636	4,904,243	4,914,030	4,905,628	4,823,908	4,804,476	4,765,426	4,730,700	4,693,201	4,683,755	4,659,622	4,618,306	4,500,097	4,092,830	4,053,453	4,050,615	3,936,200	3,880,071	3,875,711	3,817,699	3,694,453	3,719,851	3,725,547	3,602,607	3,443,127	3,414,344	3,425,295	3,379,180	3,309,855	3,354,847	2,446,212	2,474,189	2,363,249	2,447,767	2,352,081	1,933,650	1,866,574	1,267,100	1,250,400	1,223,600	1,175,900	1,159,400	1,170,400	1,169,400	1,162,400	1,157,300	1,163,400	1,124,800	1,094,700	1,032,700	1,039,400	1,023,300	1,006,900	998,300	955,600	942,800	936,000	946,300	931,600	949,600	868,500	852,800	855,400	811,800	793,400	774,600	772,000	742,600	758,200	751,100	766,000	736,200	766,900
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
Total Stockholder Equity	1,425,691	1,362,821	1,210,493	1,211,659	1,173,554	1,156,546	1,188,556	1,202,250	1,250,453	1,241,457	1,225,056	1,190,981	1,187,618	1,166,111	1,142,652	1,112,179	1,120,397	1,098,601	1,074,823	1,034,055	1,017,909	994,155	978,929	953,882	958,177	955,238	940,361	926,839	913,316	909,349	896,353	881,727	882,004	876,216	875,971	877,494	864,181	857,440	857,141	832,202	816,569	795,559	791,575	803,295	582,273	576,661	566,505	548,733	538,110	538,848	535,263	539,076	533,572	534,251	527,022	515,476	505,123	497,542	482,140	442,598	431,845	421,128	403,872	405,863	397,300	385,646	390,934	407,580	403,817	399,549	377,606	385,754	333,943	332,168	330,749	319,239	332,233	325,378	307,675	322,280	310,034	304,690	297,850	291,620	292,382	286,390	281,918	268,020	266,355	231,995	229,334	217,408	208,021	206,983	167,671	162,532	126,500	127,900	127,200	131,200	130,600	132,500	129,000	126,900	123,300	118,900	113,700	107,900	106,300	101,900	101,300	102,600	108,000	103,000	101,900	100,400	98,300	98,300	98,500	100,300	101,100	98,900	97,000	95,600	94,000	92,300	90,700	89,300	87,800	86,800	85,300	83,800
Treasury Stock	0	0	0	0	0	0	0	0	0	-152,787	-148,603	-148,584	-140,434	-140,794	-140,852	-141,217	-133,996	-134,208	-134,539	-135,010	-136,083	-136,306	-136,597	-137,185	-138,165	-138,474	-138,614	-139,618	-142,500	-144,956	-148,138	-150,303	-135,033	-140,095	-126,361	-118,240	-119,749	-123,659	-123,814	-125,405	-127,102	-132,105	-126,250	-121,663	-116,490	-117,181	-117,325	-101,734	-103,476	104,610	-95,232	-76,445	-75,293	-75,989	-75,669	-76,778	-77,816	-78,908	-79,800	-81,148	-82,074	-83,634	-91,618	-93,351	-87,796	-90,060	-66,423	-52,035	-45,832	-50,025	-53,760	-43,193	-42,613	-40,122	-39,937	-38,544	-28,139	-29,771	-32,157	-26,248	-27,329	-29,109	-33,985	-34,327	-29,894	-28,512	-20,665	-20,081	-19,616	-17,462	-10,689	-8,883	-11,087	-11,283	-11,301	-11,311	0	0	0	0	0	0	0	0	0	0	0	0	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

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
Begin Period Cash Flow	197,350	1,269,071	672,681	216,843	180,955	159,664	149,181	140,297	146,636	158,926	163,668	129,381	168,792	187,161	110,396	162,946	138,793	142,488	106,723	128,092	124,623	129,957	130,443	79,629	47,200	37,400	35,800	44,400	43,400	36,100	39,600	62,400	62,600
Capital Expenditures	9,254	7,009	7,740	8,157	6,647	7,402	6,691	3,308	8,193	9,003	5,766	6,994	9,954	6,510	6,378	6,039	2,355	4,176	6,055	7,357	7,827	6,851	8,451	598	3,600	3,500	3,900	1,400	2,000	2,000	1,800	800	1,700
Cash And Cash Equivalents Changes	0	-1,071,721	596,390	455,838	35,888	21,291	10,483	8,884	-6,339	-12,290	-4,742	34,287	-39,411	-18,369	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-538	-6,057	-38,264	2,337	-9,554	5,747	364	15,386	-27,949	20,463	6,804	-3,579	11,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	7,839	-1,071,721	596,390	455,838	35,888	21,291	10,483	8,884	-6,339	-12,290	-4,742	34,287	-39,411	-18,369	76,765	-52,550	24,153	-3,695	35,765	-21,369	3,421	-5,334	-486	31,033	-1,200	-10,700	122,600	23,200	44,500	88,100	78,700	21,100	-17,700
Change In Working Capital	-27,907	-7,918	-12,667	-49,930	-4,902	-9,554	3,862	-10,333	20,622	-22,663	15,244	6,676	8,226	9,272	-32,925	-9,581	-4,035	-18,319	-3,703	1,373	-7,262	-9,707	-14,050	19,199	700	500	1,200	1,000	-300	400	-100	-700	-400
Change 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	0
Change To Account 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	0
Change To Inventory	0	0	0	0	0	0	78	0	2,821	0	4,830	0	0	2,674	0	0	0	2,806	0	16,910	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	3,834	-10,697	5,236	5,286	-5,219	-128	11,805	2,645	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	15,451	-10,167	58,522	13,654	27,432	27,370	23,205	11,432	18,813	24,429	15,542	7,532	12,894	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-7,918	-12,667	-49,930	-4,902	-9,554	7,400	-8,223	20,622	-14,315	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	22,272	19,061	19,880	20,549	20,315	13,322	13,016	12,951	13,510	13,371	12,820	9,670	8,509	8,399	8,644	7,325	6,940	7,723	7,198	8,943	12,066	7,640	5,076	6,986	3,200	-1,100	2,700	3,300	2,600	5,300	7,100	7,100	4,800
Dividends Paid	55,886	49,765	47,738	47,207	46,010	43,269	40,104	38,880	38,149	36,905	33,518	26,712	27,063	27,577	27,119	25,830	26,226	26,018	24,673	24,251	22,173	22,445	20,127	15,451	8,500	7,700	5,600	4,400	4,000	3,600	3,300	3,000	2,800
End Period Cash Flow	205,189	197,350	1,269,071	672,681	216,843	180,955	159,664	149,181	140,297	146,636	158,926	163,668	129,381	168,792	187,161	110,396	162,946	138,793	142,488	106,723	128,044	124,623	129,957	110,662	46,000	26,700	158,400	67,600	87,900	124,200	118,300	83,500	44,900
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
Free Cash Flow	150,194	176,214	149,895	134,255	146,816	140,371	130,213	106,202	116,350	78,808	113,532	81,860	73,811	82,927	48,306	81,287	83,485	61,341	59,003	89,205	36,788	54,013	44,793	44,581	16,500	20,000	20,900	19,700	15,300	10,200	2,500	27,000	15,100
Investments	-319,678	-862,150	-504,854	-655,801	109,945	-409,240	-302,555	-585,514	-498,160	-164,053	-264,095	-176,343	-250,300	59,051	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
Net Borrowings	0	476,037	-95,693	-414,181	-225,934	137,428	22,201	212,862	125,181	-335,020	107,902	-22,005	20,168	-181,367	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	118,782	151,995	154,885	104,388	121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	52,011	58,353	50,328	55,947	52,438	50,047	47,104	44,999	3,737	7,191	18,400	19,100	14,700	12,200	9,300	6,500	8,500	8,000	7,200
Other Cashflows From Financing Activities	162,208	-251,551	-2,931	-3,715	12,889	-1,893	-3,582	631,947	430,917	390,192	263,774	116,452	110,647	44,903	169,545	392,598	715	466	241,663	136,194	389,526	95,057	138,352	125,292	108,000	-3,000	148,200	58,200	54,200	97,400	83,000	24,100	-14,900
Other Cashflows From Investing Activities	0	-57,057	-33,464	-45,767	-167,641	-977	4,053	-41,138	2,349	29,315	86,107	56,487	84,756	5,953	3,566	1,150	1,408	1,028	2,038	2,582	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	35,241	15,555	-5,140	9,103	-10,787	-10,614	29,824	-5,571	-2,323	10,161	22,838	13,596	15,363	25,535	25,322	24,238	27,532	7,890	7,552	29,811	-12,735	9,642	34,883	14,166	300	6,800	6,300	6,500	6,100	800	-29,100	4,500	5,200
Sale Purchase Of Stock	-4,944	-14,713	-21,714	-7,980	-725	375,148	259,367	-17,193	-26,797	-72	-12,459	-15,490	-30,502	-477	0	-5,939	199,957	241,900	-7,161	-6,964	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	5,102	4,530	4,414	4,581	4,210	3,936	3,644	4,378	4,086	3,521	4,305	4,364	3,244	3,782	3,133	2,213	2,831	2,509	830	-1,214	-915	-365	29,931	1,147	-2,300	-600	300	-1,200	-100	-600	-1,600	8,300	-500
Total Cash From Financing Activities	-105,392	-328,728	984,813	1,023,151	-53,232	291,137	178,772	529,334	373,122	43,640	59,714	72,283	52,322	-166,300	50,529	76,702	35,958	207,322	176,797	106,766	266,578	65,756	-96,780	87,743	99,500	-10,700	122,600	23,200	44,500	88,100	78,700	21,100	-17,700
Total Cash From Operating Activities	159,448	183,223	157,635	142,412	153,463	147,773	136,904	109,510	124,543	87,811	119,298	88,854	83,765	89,437	54,684	87,326	85,840	65,517	65,058	96,562	44,615	60,864	53,244	45,179	20,100	23,500	24,800	21,100	17,300	12,200	4,300	27,800	16,800
Total Cashflows From Investing Activities	0	-926,216	-546,058	-709,725	-64,343	-417,619	-305,193	-629,960	-504,004	-143,741	-183,754	-126,850	-175,498	58,494	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
Begin Period Cash Flow	672,654	201,888	229,795	197,350	321,058	523,616	1,094,180	1,269,071	1,346,106	1,066,943	1,155,025	672,681	617,460	699,492	283,360	216,843	274,096	189,432	177,119	180,955	174,633	152,483	159,579	159,664	181,816	163,930	141,896	149,181	188,437	171,603	155,510	140,297	185,000	134,211	142,663	146,636	174,535	183,337	185,564	158,926	208,242	143,687	299,146	163,668	140,440	139,164	299,604	129,381	191,945	102,766	321,946	168,792	340,733	167,037	236,776	187,161	245,225	191,519	179,333	110,396	143,593	147,417	136,975	162,946	148,481	141,310	157,092	138,793	151,677	145,580	133,268	142,488	141,646	124,436	112,303	106,723	126,851	109,945	102,709	128,092	123,003	147,391	129,616	124,623	139,410	114,406	100,999	129,957	87,482	82,443	81,931	110,662	76,325	68,773	60,823	64,431	44,800	20,100	59,800	47,200	0	4,300	43,300	37,400	38,700	26,500	98,800	35,800	13,500	14,500	49,000	44,400	11,000	4,200	31,900	43,400	0	79,800	50,100	36,100	40,000	20,200	58,500	39,600	27,900	0	67,800	62,400	27,000	0	60,600	62,600
Capital Expenditures	2,921	3,457	1,484	1,392	2,260	2,482	955	1,312	2,733	1,869	2,237	901	3,645	926	238	3,348	2,629	1,436	672	1,910	3,146	2,219	851	1,186	2,514	1,573	1,335	1,269	4,652	2,569	458	1,625	3,194	2,328	1,627	1,044	2,387	3,118	2,384	1,114	2,357	1,137	1,266	1,006	2,189	2,036	1,267	1,502	4,277	3,565	1,083	1,029	2,138	1,625	1,415	1,332	1,951	2,197	1,185	1,045	1,374	1,253	1,864	1,548	1,788	1,414	846	146	1,450	1,544	583	599	1,631	1,056	1,923	1,445	2,702	2,062	1,094	1,499	2,373	2,179	1,283	1,992	2,361	1,100	2,625	765	3,458	1,572	1,132	2,289	99	4,485	1,093	469	1,300	1,000	800	500	300	400	1,600	1,200	1,500	900	900	600	500	100	300	500	400	700	500	400	400	300	800	500	600	400	200	600	100	200	200	300	500	300	800	100
Cash And Cash Equivalents Changes	0	0	-27,907	32,445	-123,708	-202,558	-570,564	-174,891	-77,035	279,163	-88,082	482,344	55,221	-82,032	416,132	66,517	-57,253	84,664	12,313	-3,836	6,322	22,150	-7,096	-85	-22,152	17,886	22,034	-7,285	-39,256	16,834	16,093	15,213	-44,703	50,789	-8,452	-3,973	-27,899	-8,802	-2,227	26,638	-49,316	64,555	-155,459	135,478	23,228	1,276	-160,440	170,223	-62,564	89,179	-219,180	153,154	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
Cash Flows Other Operating	0	0	9,617	-20,358	-16,728	4,132	22,011	-9,953	-21,841	1,500	14,409	-125	-3,053	-25,411	-1,002	-8,798	6,520	6,378	-11,434	873	4,759	18,374	-25,415	-7,272	11,823	-2,815	-3,856	595	16,963	-9,709	-9,025	2,135	6,540	-2,801	-431	12,078	-10,486	-26,310	1,552	7,295	8,447	2,872	8,229	915	-2,512	-1,783	6,067	5,032	-7,078	803	-712	3,408	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-467,465	470,766	-27,907	32,445	-123,708	-202,558	-570,564	-174,891	-77,035	279,163	-88,082	482,344	55,221	-82,032	416,132	66,517	-57,253	84,664	12,313	-3,836	6,322	22,150	-7,096	-85	-22,152	17,886	22,034	-7,285	-39,256	16,834	16,093	15,213	-44,703	50,789	-8,452	-3,973	-27,899	-8,802	-2,227	26,638	-49,316	64,555	-155,459	135,478	23,228	1,276	-160,440	170,223	-62,564	89,179	-219,180	153,154	-171,941	173,696	-69,739	49,615	-58,064	53,706	12,186	68,937	-33,197	-3,824	10,442	-25,971	14,465	7,171	-15,782	18,299	-12,884	6,097	12,312	-9,220	842	17,210	12,133	5,580	-20,128	16,906	7,236	-25,383	5,041	-24,388	17,775	4,993	-14,787	25,004	13,407	-28,958	42,475	5,039	512	-28,731	34,337	7,552	7,950	-3,608	1,200	24,700	47,900	12,600	-17,000	-3,900	4,300	5,900	-5,600	38,700	26,500	63,000	-9,400	13,500	14,500	4,600	40,800	11,000	4,200	-11,500	12,500	-18,200	79,800	14,000	-400	40,000	20,200	18,900	2,300	27,900	-14,500	5,400	-12,400	27,000	-30,300	-2,000
Change In Working Capital	-17,853	13,363	3,355	-26,772	-18,388	2,343	19,779	-11,652	-23,618	-388	13,285	-1,946	-9,170	-27,258	-2,875	-10,627	4,677	4,572	-13,225	-926	4,759	7,512	-23,886	2,061	8,066	-5,348	5,694	-4,550	-5,129	-1,206	-4,814	816	5,524	9,603	964	4,531	-8,439	-15,064	-7,452	8,292	-5,466	19,899	9,232	-8,421	-1,427	7,903	3,004	-2,804	3,196	2,176	-2,460	5,314	-1,795	7,967	5,538	-2,438	-26,869	-3,026	12,261	-15,291	-5,961	-6,630	3,017	-7	1,247	-9,337	5,159	-1,104	-23,648	-5,932	7,435	3,826	2,336	-1,065	-1,904	-3,070	-4,737	6,122	-3,070	3,058	-15,705	-925	9,248	120	-12,376	5,960	1,333	-4,624	-28,097	16,147	-5,882	3,782	18,183	-80	222	874	1,000	500	-20,000	8,400	400	-300	100	300	700	37,800	700	-200	-100	800	-38,500	300	10,800	34,800	-51,500	500	1,800	1,000	-2,200	-200	200	-200	-500	400	-800	900	-1,300	500	-4,300	1,700	2,300	-100
Change 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	329	0	78	0	0	0	0	0	0	0	2,821	1,873	0	0	0	0	0	0	4,830	0	0	0	0	0	0	0	0	812	1,602	1,540	2,674	1,059	1,368	512	0	0	0	0	0	384	0	761	0	0	0	0	2,806	2,178	2,171	1,880	0	0	0	455	16,910	19,213	22,265	21,699	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,529	9,333	1,962	-2,533	9,550	-5,145	-22,092	8,503	4,211	-1,319	-1,016	12,404	1,395	-7,547	2,047	11,660	-9,577	1,156	-13,913	17,027	1,003	-9,336	1,085	9,686	-3,063	-7,836	10,274	1,373	-3,072	3,230	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	1,800	4,633	6,363	3,636	5,152	1,770	2,226	-3,971	-5,259	-2,259	-1,018	16,061	8,156	35,323	9,909	-743	-603	5,091	10,380	946	8,424	7,682	4,498	8,669	6,686	7,517	10,450	5,852	1,431	5,472	2,752	4,156	1,189	3,335	15,060	15,393	-15,174	3,534	16,215	501	5,759	1,954	16,280	-876	-633	771	-3,537	4,471	4,454	2,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	3,355	3,355	-18,388	2,343	19,779	-11,652	-23,618	-388	13,285	-1,946	-9,170	-27,258	-2,875	-10,627	4,677	4,572	-13,225	-926	4,759	7,512	-23,886	2,061	3,862	-5,348	5,694	595	-10,333	-9,709	-9,025	2,135	20,622	0	0	0	-14,315	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,832	6,023	4,655	4,762	4,766	4,770	4,781	4,744	4,983	4,869	4,954	5,074	5,049	5,129	5,230	5,141	5,078	5,054	5,059	5,124	3,301	3,367	3,413	3,241	3,258	3,264	3,278	3,216	3,210	3,206	3,195	3,340	3,380	3,382	3,312	3,436	3,378	3,342	3,295	3,356	3,387	3,403	3,388	2,642	2,504	2,486	2,372	2,308	2,200	2,153	2,099	2,057	2,080	2,095	2,119	2,105	2,163	2,169	2,164	2,148	2,208	1,765	1,673	1,679	1,718	1,715	1,754	1,753	1,691	1,989	1,995	2,048	706	2,152	2,273	2,067	2,089	2,146	2,457	2,251	2,705	3,492	3,099	2,770	8	2,458	2,590	2,584	836	688	1,838	1,714	2,288	1,979	1,400	1,319	2,100	200	400	500	-2,000	200	400	300	500	400	900	900	900	800	800	800	700	600	600	700	800	1,300	1,400	1,800	2,100	1,400	1,800	1,800	5,700	500	400	500	1,700	1,400	1,000	700
Dividends Paid	15,074	15,067	12,874	12,871	12,858	12,832	11,992	12,083	12,124	12,138	11,744	11,732	11,788	11,785	2	23,632	11,836	11,396	4	22,774	11,370	10,930	3	20,966	10,031	10,029	10,024	10,020	9,977	9,945	9,485	9,473	9,596	9,596	9,675	9,282	9,252	9,228	9,218	9,207	9,184	8,766	8,810	6,758	6,746	6,734	6,584	6,648	6,624	6,687	6,839	6,913	6,899	6,897	6,898	6,883	6,869	6,860	6,859	6,531	6,516	6,466	6,432	6,416	6,444	6,491	6,760	6,531	6,507	6,467	6,494	6,550	6,149	6,173	6,141	6,210	6,237	6,205	6,221	5,588	5,573	5,550	5,513	5,537	5,558	5,626	5,646	5,615	7,658	4,179	4,242	4,048	4,028	5,174	3,173	3,076	2,200	2,100	2,100	2,100	2,100	2,000	2,100	1,500	1,600	1,400	1,300	1,300	1,300	1,000	1,000	1,100	1,100	1,000	900	1,000	1,000	800	900	900	900	800	800	800	800	700	800	700	800	600	700	700
End Period Cash Flow	205,189	672,654	201,888	229,795	197,350	321,058	523,616	1,094,180	1,269,071	1,346,106	1,066,943	1,155,025	672,681	617,460	699,492	283,360	216,843	274,096	189,432	177,119	180,955	174,633	152,483	159,579	159,664	181,816	163,930	141,896	149,181	188,437	171,603	155,510	140,297	185,000	134,211	142,663	146,636	174,535	183,337	185,564	158,926	208,242	143,687	299,146	163,668	140,440	139,164	299,604	129,381	191,945	102,766	321,946	168,792	340,733	167,037	236,776	187,161	245,225	191,519	179,333	110,396	143,593	147,417	136,975	162,946	148,481	141,310	157,092	138,793	151,677	145,580	133,268	142,488	141,646	124,436	112,303	106,723	126,851	109,945	102,709	128,044	123,003	147,391	129,616	124,623	139,410	114,406	100,999	129,957	87,482	82,443	81,931	110,662	76,325	68,773	60,823	46,000	44,800	47,900	59,800	-17,000	-3,900	4,300	43,300	-5,600	38,700	26,500	98,800	-9,400	13,500	14,500	49,000	40,800	11,000	4,200	31,900	12,500	-18,200	79,800	50,100	-400	40,000	20,200	58,500	2,300	27,900	-14,500	67,800	-12,400	27,000	-30,300	60,600
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
Free Cash Flow	31,664	53,309	43,840	20,455	27,442	48,299	66,641	33,832	19,652	37,694	51,148	41,401	31,360	29,439	35,877	37,579	46,875	40,702	21,936	37,303	44,845	40,388	16,273	38,865	37,822	29,086	36,845	26,460	34,288	27,249	20,280	27,693	28,292	35,358	23,745	28,955	26,649	12,688	8,250	31,221	30,680	43,194	35,749	3,909	28,926	22,581	17,286	13,067	11,962	20,879	17,923	23,047	18,744	22,368	24,244	17,571	-6,795	30,453	29,495	-4,847	20,498	18,138	22,218	20,433	25,813	11,348	28,818	17,081	3,917	11,256	23,023	23,145	18,152	15,392	12,901	12,558	18,222	17,814	13,353	39,816	8,424	14,501	-4,783	18,646	9,441	20,445	15,740	8,387	1,424	7,419	7,271	28,679	16,518	12,572	6,681	7,747	5,300	3,900	2,000	5,300	5,200	5,700	6,400	2,700	5,000	2,500	8,900	4,500	4,700	4,900	6,200	3,900	1,600	2,000	5,000	6,700	2,600	3,400	1,500	2,700	-13,400	80,900	-56,500	-8,500	14,700	5,100	2,500	4,700	2,700	4,800	4,600	3,000
Investments	48,172	66,560	-80,472	-75,812	-175,483	-131,980	-43,786	-382,926	-114,664	-161,793	-168,079	-173,926	-46,577	-43,250	-457,007	-108,967	44,645	66,429	-60,503	59,374	-15,556	-63,571	-222,516	-107,597	-27,253	-69,237	-110,901	-95,164	-173,153	-133,287	-130,740	-148,334	-145,777	-45,477	-226,117	-80,789	18,436	-6,460	-100,023	-76,006	-47,428	-77,824	-119,694	-19,149	-4,383	-57,409	-97,514	-17,037	-133,268	-49,398	-72,919	5,285	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	177,161	-84,811	509,951	11,984	-13,101	-32,797	-1,945	9,092	-4,765	-98,075	-40,115	-156,355	-111,312	-106,399	191,981	-166,128	75,054	-326,841	59,960	-42,315	252,939	-133,156	37,127	-149,279	275,877	-141,524	86,619	-77,559	298,485	-94,683	79,961	-149,730	318,750	-123,800	-58,945	-279,726	102,959	-99,308	82,622	-12,479	80,190	-42,431	25,572	-74,841	42,733	-15,469	23,304	-17,676	6,355	8,185	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	30,446	24,606	30,072	33,658	36,121	38,973	37,775	39,126	37,310	37,433	40,296	39,846	34,194	35,113	24,713	10,368	28,960	32,379	30,555	29,127	28,652	29,807	28,121	25,986	17,637	22,876	21,359	20,279	19,608	20,001	19,909	18,891	19,127	19,851	19,281	18,166	18,513	10,912	27,640	18,009	17,925	19,257	16,916	7,649	13,116	14,535	13,257	13,650	13,722	15,217	14,655	14,307	14,434	14,570	14,424	13,976	13,801	13,578	11,560	13,072	14,897	15,083	14,657	13,716	8,985	15,147	12,064	14,132	13,648	14,542	14,169	13,588	12,995	13,526	13,128	12,789	12,491	12,617	12,568	12,371	11,882	11,848	11,808	11,566	12,506	10,994	10,847	10,652	-13,690	5,084	4,705	7,638	-7,313	7,176	3,087	4,241	4,000	4,900	4,700	4,800	4,600	4,700	4,700	5,100	3,500	3,700	4,100	3,400	3,200	3,400	2,700	2,900	2,500	2,700	2,200	1,900	1,900	1,000	1,800	1,800	2,200	2,100	2,000	2,200	2,100	2,100	1,900	1,900	1,500	1,800	1,900	2,000
Other Cashflows From Financing Activities	-439,116	-107	-56	99,054	93,230	-86,046	-432,994	225,944	106,892	-38	-810	660,065	99,940	-14,085	839,968	169,281	-26	-16,425	50,887	-1,230	-101	54,754	218,709	-1,729	1,868	66,964	121,189	-2,813	122,827	134,268	154,734	205,586	65,212	82,024	201,737	55,147	-69,116	113,636	271,984	79,872	-37,437	113,704	55,887	-17	88,467	-15	-68	70	-49,479	132,650	-70	265,653	-75,282	108,241	-84,440	95,907	-11,814	46,437	-17,892	152,814	152,444	180,381	329,491	47	299	32,628	63,020	249	165	46,137	107,044	313	39,543	5,008	109,075	52,890	2,848	72,829	130,968	-20,495	3,047	130,222	238,089	18,168	-8,926	36,802	67,620	-439	30,258	-29,167	201,877	-64,616	-14,563	-6,721	67,314	79,262	16,500	26,800	50,000	14,700	-14,900	-1,900	6,400	7,400	-4,000	40,100	27,800	64,300	-1,800	14,500	15,500	37,100	41,900	12,700	5,100	-10,500	18,500	-17,400	80,700	14,900	500	40,800	21,000	19,700	3,100	28,600	-13,700	6,100	-11,600	27,600	-29,600	-1,300
Other Cashflows From Investing Activities	0	0	-1,442	1,644	-49,537	-8,015	112	1,291	1,344	637	-37,395	471	-849	-42,323	-2,675	80	-173,728	5,382	25	680	1,467	1,535	-4,513	534	486	1,147	-10	2,430	-769	-1,409	1,375	-40,335	-6,420	4,590	1,928	2,166	5,494	1,498	21,421	902	1,728	1,348	959	82,072	955	750	5,805	48,977	83,683	1,120	-675	628	5,953	5,263	4,445	811	3,566	1,671	1,232	1,124	1,150	724	290	266	1,408	847	495	131	1,028	0	0	0	2,038	1,982	1,491	1,154	2,582	2,134	1,899	1,041	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,237	24,820	-2,498	7,734	6,622	4,025	4,454	454	-1,211	-964	-1,628	-1,337	3,608	13,413	-10,545	2,627	3,602	-3,208	-8,293	-2,888	-3,042	-5,337	-677	-1,558	6,519	605	-882	-5,257	1,209	-720	-3,860	-2,200	1,230	1,970	-3,286	-2,237	4,879	-2,990	-12,041	1,442	15,239	-718	6,927	1,390	13,391	-127	-782	1,114	1,788	-924	5,261	4,129	5,275	5,468	6,458	8,334	509	-114,600	-721	-756	3,737	9,173	4,735	6,697	10,576	3,823	10,687	2,520	1,400	2,201	7	3,938	2,505	1,835	1,327	2,217	11,081	-1,009	2,492	23,635	11,915	2,265	-27,655	6,182	11,664	2,133	3,595	540	45,833	-12,928	7,742	17,834	3,459	3,497	3,065	1,782	-500	-700	17,700	1,500	2,500	1,500	2,800	-1,800	1,800	-38,500	4,100	1,000	1,200	100	41,500	400	-12,000	-35,400	54,200	4,000	-1,500	400	1,300	-200	-37,600	5,700	-59,600	1,700	7,800	1,800	1,700	2,100	4,300	200	200	500
Sale Purchase Of Stock	6,376	-2,166	-2,778	-1,432	14,713	-57	-6,561	-8,152	-7,631	-4,212	-851	-9,020	7,980	0	0	-7,980	56,120	371	-32	-77,366	-14,231	259	209	115,181	-3,309	1,005	24	69,903	17,193	2,963	804	-17,193	16,125	-16,125	-9,125	1,055	-6,256	75	694	-362	6,999	-6,999	-623	119,520	-40,317	86,497	-76,109	130,883	30,502	-9,338	-18,795	-2,369	0	0	0	0	0	5,384	0	0	-10,553	0	0	57,719	132,198	0	0	20,868	22,622	0	0	63,073	-7,161	0	0	0	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
Stock Based Compensation	965	825	847	2,465	581	670	807	2,472	595	563	588	2,668	624	648	634	2,675	614	456	563	2,577	479	503	500	2,454	449	557	472	2,166	1,282	810	674	1,612	689	721	688	1,988	704	735	828	1,254	734	845	762	1,964	806	761	790	2,007	808	713	578	1,145	1,224	574	1,470	514	774	618	1,456	285	2,213	0	0	599	2,831	0	0	839	2,509	0	0	711	498	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-600	73,400	0	-13,700	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-551,290	349,573	10,167	86,158	73,870	-110,862	-464,648	172,912	16,633	402,625	-48,843	614,398	71,287	-25,898	839,937	137,825	24,955	-27,849	50,855	-101,193	-24,434	43,798	203,660	68,113	-33,207	56,890	96,100	58,989	103,686	124,281	125,178	176,189	79,202	56,233	191,992	45,695	-78,478	-16,528	68,125	70,521	-34,296	97,837	-72,473	68,646	-2,270	35,666	-86,329	125,216	-24,941	116,578	-163,509	124,194	-141,388	51,351	-115,683	39,420	-34,078	42,929	-10,116	51,794	-17,306	12,336	80,063	1,609	28,174	1,169	15,619	-9,004	26,386	35,687	97,421	47,828	28,371	-1,165	102,934	46,657	-3,411	41,646	124,635	-56,104	-2,547	124,264	132,360	12,501	-19,612	31,050	61,770	-7,452	19,481	-35,550	-110	-80,601	-20,137	-15,855	63,331	60,404	14,300	24,700	47,900	12,600	-17,000	-3,900	4,300	5,900	-5,600	38,700	26,500	63,000	-9,400	13,500	14,500	4,600	40,800	11,000	4,200	-11,500	12,500	-18,200	79,800	14,000	-400	40,000	20,200	18,900	2,300	27,900	-14,500	5,400	-12,400	27,000	-30,300	-2,000
Total Cash From Operating Activities	34,585	56,766	45,324	21,847	29,702	50,781	67,596	35,144	22,385	39,563	53,385	42,302	35,005	30,365	36,115	40,927	49,504	42,138	22,608	39,213	47,991	42,607	17,124	40,051	40,336	30,659	38,180	27,729	29,636	29,818	20,738	29,318	31,486	37,686	25,372	29,999	29,036	15,806	10,634	32,335	33,037	44,331	37,015	4,915	31,115	24,617	18,553	14,569	16,239	24,444	19,006	24,076	20,882	23,993	25,659	18,903	-4,844	32,650	30,680	-3,802	21,872	19,391	24,082	21,981	27,601	11,348	29,664	17,227	5,367	12,800	23,606	23,744	19,783	16,448	14,824	14,003	20,924	19,876	14,447	41,315	10,797	16,680	-3,500	20,638	11,802	21,545	18,365	9,152	4,882	8,991	8,403	30,968	16,617	12,572	7,774	8,216	6,600	4,900	2,800	5,800	5,500	6,100	8,000	3,900	6,500	3,400	9,800	5,100	5,200	5,000	6,500	4,400	2,000	2,700	5,500	7,100	3,000	3,700	2,300	3,200	-12,800	81,300	-56,300	-7,900	14,800	5,300	2,700	5,000	3,200	5,100	5,400	3,100
Total Cashflows From Investing Activities	0	0	-83,398	-75,560	-227,280	-142,477	-173,512	-382,947	-116,053	-163,025	-92,624	-174,356	-51,071	-86,499	-459,920	-112,235	-131,712	70,375	-61,150	58,144	-17,235	-64,255	-227,880	-108,249	-29,281	-69,663	-112,246	-94,003	-172,578	-137,265	-129,823	-190,294	-155,391	-43,130	-225,816	-79,667	21,543	-8,080	-80,986	-76,218	-48,057	-77,613	-120,001	61,917	-5,617	-59,007	-92,664	30,438	-53,862	-51,843	-74,677	4,884	58,494	109,929	11,577	0	0	0	12,567	20,945	0	0	0	0	0	0	0	10,076	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Cost Of Revenue	70	0	0	0	0	67,454	818	47,937	38,901	42,742	53,068	55,463	60,458	83,019	110,316	135,549	171,184	134,404	87,720	69,307	71,985	89,475	149,431	104,699	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	22,272	2,264	2,808	3,395	3,579	4,042	3,960	3,928	4,864	5,047	4,872	3,394	3,046	3,072	3,246	2,105	6,940	7,723	7,198	8,943	12,066	7,640	5,076	6,986	3,200	-1,100	2,700	3,300	2,600	5,300	7,100	7,100	4,800
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
Ebit	-17,538	218,036	199,858	133,087	155,432	184,908	128,161	118,801	116,628	112,303	89,943	77,374	79,174	78,316	72,642	83,758	72,115	80,101	75,891	71,984	68,574	66,813	4,279	11,186	30,000	23,700	23,000	19,300	15,100	10,000	13,900	13,500	10,300
Ebitda	4,734	220,300	202,666	136,482	159,011	188,950	132,121	122,729	121,492	117,350	94,815	80,768	82,220	81,388	75,888	85,863	79,055	87,824	83,089	80,927	80,640	74,453	9,355	18,172	33,200	22,600	25,700	22,600	17,700	15,300	21,000	20,600	15,100
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
Extraordinary Items	0	0	0	0	0	5,326	-4,407	0	0	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	664,967	515,121	475,967	458,659	451,420	426,174	400,034	376,696	364,290	355,256	338,675	288,970	280,587	286,416	276,600	257,752	224,726	212,462	200,660	191,376	182,202	179,259	162,066	113,726	72,400	67,400	61,800	56,900	49,700	51,700	53,500	52,000	48,100
Income Before Tax	153,459	196,156	199,858	133,087	155,432	137,002	128,161	118,801	116,628	112,303	89,943	77,374	79,174	78,316	72,642	83,758	72,115	80,101	75,891	71,984	68,574	66,813	4,279	11,186	30,000	23,700	23,000	19,300	15,100	10,000	13,900	13,500	10,300
Income Tax Expense	34,677	44,161	44,973	28,699	34,411	24,436	46,010	40,392	40,203	37,229	28,196	22,816	21,273	20,912	20,631	25,405	21,787	24,154	23,453	21,937	21,470	21,814	542	3,995	11,600	4,600	8,300	7,100	5,800	3,500	5,400	5,500	3,100
Interest Expense	37,913	21,880	18,788	32,604	55,979	38,626	25,914	22,506	20,616	23,203	30,644	35,194	39,721	53,210	76,924	108,368	141,090	125,009	78,256	59,692	62,874	80,402	117,502	96,021	41,400	43,700	42,500	36,400	34,800	25,700	23,200	27,200	38,300
Interest Income	481,047	384,070	339,876	348,282	367,534	344,255	309,407	286,947	273,224	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
Net Income	118,782	151,995	154,885	104,388	121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	52,011	58,353	50,328	55,947	52,438	50,047	47,104	44,999	3,737	7,191	18,400	19,100	14,700	12,200	9,300	6,500	8,500	8,000	7,200
Net Income Applicable To Common Shares	0	151,995	154,885	104,388	121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	52,011	58,353	50,328	55,947	52,438	50,047	47,104	44,999	3,737	7,191	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	124,457	151,995	154,885	104,388	121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	378,825	362,190	321,088	315,678	311,555	305,629	283,493	264,441	252,608	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Operating Income	-17,538	218,036	199,858	133,087	155,432	175,628	128,161	118,801	116,628	112,303	89,943	77,374	79,174	78,316	72,642	83,758	72,115	80,101	75,891	71,984	68,574	66,813	4,279	11,186	30,000	23,700	23,000	19,300	15,100	10,000	13,900	13,500	10,300
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
Other Operating Expenses	501,600	67,744	276,109	325,572	295,988	250,546	37,274	32,236	30,207	29,386	28,010	23,449	21,299	22,875	19,594	16,784	15,471	13,297	10,513	59,700	50,754	32,044	40,285	6,519	1,000	0	3,700	1,200	200	16,000	16,400	11,300	500
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
Reconciled Depreciation	20,206	2,264	2,808	20,549	20,315	13,322	13,016	0	0	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
Selling And Marketing Expenses	3,054	2,822	2,521	2,288	2,773	2,782	2,744	2,556	2,654	2,831	3,204	2,889	3,460	3,487	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	200,507	191,027	198,616	187,287	183,710	180,192	161,729	157,476	152,418	147,731	140,456	128,573	109,552	118,248	104,660	71,159	59,516	62,877	60,005	54,063	49,560	49,130	48,419	35,411	19,600	19,200	17,900	17,800	16,300	16,200	16,200	15,700	16,400
Tax Provision	35,902	44,161	44,973	28,699	34,411	24,436	46,010	40,392	40,203	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	109,028	67,744	-276,109	-325,572	-295,988	-250,546	36,456	32,236	30,207	29,386	28,010	23,449	21,299	22,875	19,594	16,784	15,471	13,297	10,513	-59,700	-50,754	-32,044	-40,285	-6,519	-1,000	0	3,700	-1,200	200	-16,000	-16,400	-11,300	500
Total Other Income Expense Net	153,459	-21,880	199,858	133,087	155,432	-38,626	-34,970	-31,529	-29,262	-31,527	-38,592	-41,470	-45,184	-58,537	-82,322	-113,588	-141,090	-125,009	-78,256	-59,692	-62,874	-80,402	-117,502	-96,021	-41,400	-43,700	-42,500	-36,400	-34,800	-25,700	-23,200	-27,200	-38,300
Total Revenue	665,037	515,121	475,967	458,659	451,420	426,174	400,034	376,696	364,290	355,256	338,675	288,970	280,587	286,416	276,600	257,752	224,726	212,462	200,660	191,376	182,202	179,259	162,066	113,726	72,400	67,400	61,800	56,900	49,700	51,700	53,500	52,000	48,100

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,177	16,703	17,804	14,770	818	14,806	13,840	13,324	13,849	12,235	10,378	11,475	11,038	10,221	8,940	8,702	12,282	10,256	10,048	10,156	12,289	12,541	14,351	13,887	2,051	13,435	12,999	13,685	14,975	14,598	16,115	14,770	18,537	20,214	20,355	23,913	25,021	28,055	29,520	27,720	32,075	33,757	32,652	37,065	48,569	40,782	44,907	36,926	38,076	36,248	32,165	27,915	25,332	23,083	20,862	18,443	18,510	17,354	16,686	16,757	18,279	17,646	17,514	18,546	21,259	22,728	22,500	22,988	39,020	38,111	37,568	34,732	39,994	54,468	25,620	23,064	0	0	0	0	0	0	0	0	0	0	0	0	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	2,131	1,609	458	536	539	544	545	636	651	663	682	812	822	856	883	835	844	874	893	968	978	1,054	1,096	914	961	993	1,039	967	952	952	928	1,096	1,228	1,165	1,187	1,284	1,226	1,275	1,236	1,310	1,324	1,346	1,351	851	864	870	841	819	2,200	782	771	733	2,080	767	780	781	2,163	827	825	2,148	2,208	1,765	1,673	1,679	1,718	1,715	1,754	1,753	1,691	1,989	1,995	2,048	706	2,152	2,273	2,067	2,089	2,146	2,457	2,251	2,705	3,492	3,099	2,770	8	2,458	2,590	2,584	836	688	1,838	1,714	2,288	1,979	1,400	1,319	2,100	200	400	500	-2,000	200	400	300	500	400	900	900	900	800	800	800	700	600	600	700	800	1,300	1,400	1,800	2,100	1,400	1,800	1,800	5,700	500	400	500	1,700	1,400	1,000	700
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
Ebit	0	31,701	38,730	62,370	56,077	55,208	56,866	58,229	56,548	57,223	61,429	60,518	54,186	57,425	42,624	28,609	54,753	60,208	58,132	55,054	43,361	51,375	47,576	42,596	42,402	43,406	40,549	36,774	37,651	38,405	38,031	36,243	36,996	38,121	36,205	34,568	34,977	23,926	49,640	35,287	35,894	37,289	34,326	21,026	28,927	30,344	29,367	30,206	27,040	31,128	32,269	32,481	30,648	33,418	35,718	35,733	33,919	39,695	38,418	40,215	45,498	48,346	48,047	50,235	47,628	57,693	52,703	55,181	53,983	54,807	50,990	45,330	41,445	39,302	37,905	35,495	32,604	33,592	32,636	32,844	32,290	32,342	33,271	33,545	37,138	36,686	36,516	36,875	29,761	28,281	28,146	35,593	14,718	32,767	24,475	24,754	17,600	18,800	17,600	17,300	16,000	16,900	17,100	17,400	16,700	17,000	16,800	15,000	14,300	14,500	13,500	13,400	13,400	13,300	12,200	11,000	9,800	8,200	9,000	8,600	9,500	9,300	9,200	9,200	9,500	10,100	10,300	10,800	10,700	12,100	12,500	13,300
Ebitda	2,131	33,310	39,188	62,906	56,616	55,752	57,411	58,865	57,199	57,886	62,111	61,330	55,008	58,281	43,507	29,444	55,597	61,082	59,025	56,022	44,339	52,429	48,672	43,510	43,363	44,399	41,588	37,741	38,603	39,357	38,959	37,339	38,224	39,286	37,392	35,852	36,203	25,201	50,876	36,597	37,218	38,635	35,677	21,877	29,791	31,214	30,208	31,025	29,240	31,910	33,040	33,214	32,728	34,185	36,498	36,514	36,082	40,522	39,243	42,363	47,706	50,111	49,720	51,914	49,346	59,408	54,457	56,934	55,674	56,796	52,985	47,378	42,151	41,454	40,178	37,562	34,693	35,738	35,093	35,095	34,995	35,834	36,370	36,315	37,146	39,144	39,106	39,459	30,597	28,969	29,984	37,307	17,006	34,746	25,875	26,073	19,700	19,000	18,000	17,800	14,000	17,100	17,500	17,700	17,200	17,400	17,700	15,900	15,200	15,300	14,300	14,200	14,100	13,900	12,800	11,700	10,600	9,500	10,400	10,400	11,600	10,700	11,000	11,000	15,200	10,600	10,700	11,300	12,400	13,500	13,500	14,000
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,326	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	189,402	134,562	120,439	125,620	132,913	131,101	128,484	122,623	125,336	117,297	117,831	115,503	117,293	115,050	114,729	111,587	111,988	116,798	111,907	110,727	104,083	109,674	108,991	103,426	102,969	101,024	99,261	95,962	94,590	95,321	94,546	92,239	94,956	90,628	90,878	87,828	90,368	89,735	88,399	86,754	86,766	88,487	86,771	76,651	71,855	74,234	70,433	72,448	70,629	70,555	70,025	69,378	72,735	71,618	70,921	71,142	71,470	69,532	67,896	67,702	69,163	66,005	62,424	60,160	58,343	57,714	55,350	53,319	53,757	53,437	53,925	51,343	50,454	50,302	50,379	49,525	49,001	48,169	46,669	47,537	47,449	45,551	44,431	44,770	45,232	44,953	45,386	44,239	64,342	33,361	31,786	32,577	28,013	29,693	24,189	23,225	18,200	19,000	17,700	17,600	17,100	17,100	16,600	16,600	15,900	15,800	15,500	14,600	14,600	14,400	13,900	13,900	12,800	12,800	12,400	11,800	12,000	13,400	13,100	13,200	13,600	14,000	13,000	12,900	13,200	13,900	12,200	12,700	12,100	12,200	12,000	11,800
Income Before Tax	39,784	31,701	38,730	43,244	46,684	50,472	48,732	50,268	48,090	48,476	52,291	51,001	43,626	46,101	31,277	12,083	37,126	41,701	39,360	37,245	29,389	38,385	36,233	32,995	33,326	34,218	32,037	28,580	29,709	30,304	30,166	28,622	29,585	30,649	29,038	27,356	27,435	16,488	41,699	26,681	26,708	27,889	24,340	11,006	18,883	20,048	18,940	19,503	17,641	20,334	20,847	20,352	18,798	19,405	20,374	19,739	17,539	19,399	16,758	18,946	21,144	21,768	21,198	19,648	12,499	21,699	17,566	20,351	19,391	21,039	20,528	19,143	18,709	18,971	19,363	18,848	16,844	18,551	18,378	18,211	17,333	17,132	17,170	16,939	18,425	16,382	16,108	15,898	-21,237	7,628	6,494	11,394	-11,569	7,936	5,050	6,908	6,600	8,000	7,600	7,800	5,600	6,000	5,900	6,100	5,500	5,900	6,200	5,300	4,900	5,100	4,500	4,700	4,100	4,300	3,600	3,000	2,600	1,500	2,900	3,000	3,700	3,500	3,400	3,400	3,500	3,700	3,100	3,200	1,900	2,900	2,700	2,900
Income Tax Expense	9,338	7,095	8,658	9,586	10,563	11,499	10,957	11,142	10,780	11,043	11,995	11,155	9,432	10,988	6,564	1,715	8,166	9,322	8,805	8,118	737	8,578	8,112	7,009	15,689	11,342	10,678	8,301	10,101	10,303	10,257	9,731	10,458	10,798	9,757	9,190	8,922	5,576	14,059	8,672	8,783	8,632	7,424	3,357	5,767	5,513	5,683	5,853	3,919	5,117	6,192	6,045	4,364	4,835	5,950	5,763	3,738	5,821	5,198	5,874	6,247	6,685	6,541	5,932	3,514	6,552	5,502	6,219	5,743	6,497	6,359	5,555	5,714	5,445	6,235	6,059	4,353	5,934	5,810	5,840	5,451	5,284	5,362	5,373	5,919	5,388	5,261	5,246	-7,547	2,544	1,789	3,756	-4,256	2,781	1,963	2,667	2,600	3,200	2,900	3,000	1,000	1,300	1,200	1,000	2,000	2,200	2,200	1,900	1,700	1,800	1,800	1,800	1,600	1,700	1,400	1,100	700	500	1,100	1,200	1,500	1,300	1,400	1,200	1,400	1,600	1,200	1,300	400	1,000	800	900
Interest Expense	8,988	42,199	31,504	19,126	9,393	4,736	3,898	3,853	4,126	4,541	4,866	5,255	6,333	7,051	7,000	12,220	13,393	14,327	14,606	13,653	11,649	10,677	9,026	7,274	6,779	6,917	6,273	5,945	5,684	5,847	5,598	5,377	5,259	5,255	5,042	5,060	5,390	5,371	5,882	6,560	7,123	7,343	7,949	8,229	8,404	8,680	8,896	9,214	9,399	9,423	10,094	10,805	11,850	12,685	14,005	14,670	16,380	18,954	20,321	21,269	24,354	26,578	26,849	30,587	35,129	35,994	35,137	34,830	34,592	33,768	30,462	26,187	22,736	20,331	18,542	16,647	15,760	15,041	14,258	14,633	14,957	15,210	16,101	16,606	18,713	20,304	20,408	20,977	50,998	20,653	21,652	24,199	26,287	24,831	19,425	17,846	11,000	10,800	10,000	9,500	10,400	10,900	11,200	11,300	11,200	11,100	10,600	9,700	9,400	9,400	9,000	8,700	9,300	9,000	8,600	8,000	7,200	6,700	6,100	5,600	5,800	5,800	5,800	5,800	6,000	6,400	7,200	7,600	8,800	9,200	9,800	10,400
Interest Income	150,914	137,094	120,589	114,192	109,172	99,214	91,483	84,201	89,307	82,215	84,044	84,310	86,441	84,994	87,446	89,401	90,576	92,381	93,233	91,344	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	0	0	0	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
Net Income	30,446	24,606	30,072	33,658	36,121	38,973	37,775	39,126	37,310	37,433	40,296	39,846	34,194	35,113	24,713	10,368	28,960	32,379	30,555	29,127	28,652	29,807	28,121	25,986	17,637	22,876	21,359	20,279	19,608	20,001	19,909	18,891	19,127	19,851	19,281	18,166	18,513	10,912	27,640	18,009	17,925	19,257	16,916	7,649	13,116	14,535	13,257	13,650	13,722	15,217	14,655	14,307	14,434	14,570	14,424	13,976	13,801	13,578	11,560	13,072	14,897	15,083	14,657	13,716	8,985	15,147	12,064	14,132	13,648	14,542	14,169	13,588	12,995	13,526	13,128	12,789	12,491	12,617	12,568	12,371	11,882	11,848	11,808	11,566	12,506	10,994	10,847	10,652	-13,690	5,084	4,705	7,638	-7,313	5,155	3,087	4,241	4,000	4,800	4,700	4,800	4,600	4,700	4,700	5,100	3,500	3,700	4,000	3,400	3,200	3,300	2,700	2,900	2,500	2,600	2,200	1,900	1,900	1,000	1,800	1,800	2,200	2,200	2,000	2,200	2,100	2,100	1,900	1,900	1,500	1,900	1,900	2,000
Net Income Applicable To Common Shares	0	0	30,072	33,658	36,121	38,973	37,775	39,126	37,310	37,433	40,296	39,846	34,194	35,113	24,713	10,368	28,960	32,379	30,555	29,127	28,652	29,807	28,121	25,986	17,637	22,876	21,359	20,279	19,608	20,001	19,909	18,891	19,127	19,851	19,281	18,166	18,513	10,912	27,640	18,009	17,925	19,257	16,916	7,649	13,116	14,535	13,257	13,650	13,722	15,217	14,655	14,307	14,434	14,570	14,424	13,976	13,801	13,578	11,560	13,072	14,897	15,083	14,657	13,716	8,985	15,147	12,064	14,132	13,648	14,542	14,169	13,588	12,995	13,526	13,128	12,789	12,491	12,617	12,568	12,371	11,882	11,848	11,808	11,566	11,244	11,412	11,266	11,077	2,268	1,469	6,570	9,654	-4,077	11,268	4,069	5,280	0	0	0	0	0	0	0	0	0	0	0	0	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	30,446	24,606	30,072	33,658	36,121	38,973	37,775	39,126	37,310	37,433	40,296	39,846	34,194	35,113	24,713	10,368	28,960	32,379	30,555	29,127	28,652	29,807	28,121	25,986	17,637	22,876	21,359	20,279	19,608	20,001	19,909	18,891	19,127	19,851	19,281	18,166	18,513	10,912	27,640	18,009	17,925	19,257	16,916	7,649	13,116	14,535	13,257	13,650	13,722	15,217	14,655	14,307	0	0	14,424	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	99,173	94,895	89,085	95,066	99,779	94,478	87,585	80,348	85,181	77,674	79,178	79,055	80,108	77,943	80,446	77,181	77,183	78,054	78,627	77,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Operating Income	-132,801	31,701	38,730	62,370	56,077	55,208	56,866	58,229	52,216	57,223	61,429	60,518	54,186	57,425	42,624	28,609	54,753	60,208	58,132	55,054	43,361	51,375	47,576	42,596	42,402	43,406	40,549	36,774	37,651	38,405	38,031	36,243	36,996	38,121	36,205	34,568	34,977	23,926	49,640	35,287	35,894	37,289	34,326	21,026	28,927	30,344	29,367	30,206	27,040	31,128	32,269	32,481	30,648	33,418	35,718	35,733	33,919	39,695	38,418	40,215	45,498	48,346	48,047	50,235	47,628	57,693	52,703	55,181	53,983	54,807	50,990	45,330	41,445	25,996	37,905	35,495	32,604	33,592	32,636	32,844	32,290	32,342	33,271	33,545	37,138	36,686	36,516	36,875	29,761	28,281	28,146	35,593	14,718	32,767	24,475	24,754	17,600	18,800	17,600	17,300	16,000	16,900	17,100	17,400	16,700	17,000	16,800	15,000	14,300	14,500	13,500	13,400	13,400	13,300	12,200	11,000	9,800	8,200	9,000	8,600	9,500	9,300	9,200	9,200	9,500	10,100	10,300	10,800	10,700	12,100	12,500	13,300
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
Other Operating Expenses	149,364	102,861	81,709	16,289	50,432	15,872	17,312	64,394	16,719	14,862	14,277	10,098	53,221	13,609	12,939	12,447	47,946	11,812	11,836	11,905	44,150	11,563	11,332	9,168	37,274	9,044	9,702	7,594	32,236	8,106	7,980	7,489	30,207	6,807	7,695	7,412	29,386	7,370	7,455	7,072	28,010	6,986	7,194	6,306	25,500	6,154	5,604	5,860	21,299	5,195	5,389	4,805	22,875	4,680	4,786	4,674	19,594	5,103	4,601	4,463	16,784	3,666	4,192	4,807	15,471	3,842	3,527	3,250	13,297	3,077	1,800	3,063	10,513	0	12,474	14,030	1,675	14,577	14,033	14,693	15,159	13,209	11,160	11,225	8,094	8,267	8,870	7,364	34,581	5,080	3,640	3,016	13,295	3,074	286	1,529	600	200	100	300	1,100	200	500	800	800	1,200	1,300	400	300	100	400	500	600	500	200	800	2,200	5,200	4,100	4,600	4,100	4,700	3,800	3,700	3,700	3,800	1,900	1,900	1,400	100	500	1,500
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
Reconciled Depreciation	6,832	1,609	458	536	539	544	545	636	651	663	682	812	5,049	5,129	5,230	5,141	5,078	5,054	5,059	5,124	3,301	3,367	3,413	3,241	3,258	3,264	3,278	3,216	3,210	3,206	3,195	3,340	3,380	3,382	3,312	3,436	3,378	3,342	3,295	3,356	3,387	3,403	3,388	2,642	2,504	2,486	2,372	2,308	2,200	2,153	2,099	2,057	2,080	2,095	2,119	2,105	2,163	2,169	2,164	2,148	2,208	1,765	1,673	1,679	1,718	1,715	1,754	1,753	1,691	1,989	1,995	2,048	706	2,152	2,273	2,067	2,089	2,146	2,457	2,251	2,705	3,492	3,099	2,770	8	2,458	2,590	2,584	836	688	1,838	1,714	2,288	1,979	1,400	1,319	2,100	200	400	500	-2,000	200	400	300	500	400	900	900	900	800	800	800	700	600	600	700	800	1,300	1,400	1,800	2,100	1,400	1,800	1,800	5,700	500	400	500	1,700	1,400	1,000	700
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
Selling And Marketing Expenses	1,213	667	525	649	879	559	730	654	1,019	583	468	451	827	530	322	609	952	677	641	503	1,006	739	700	337	1,033	665	656	390	823	634	595	504	780	421	734	719	963	403	726	739	759	722	1,000	723	581	701	805	802	1,174	685	1,033	568	3,487	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,200	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	85,440	50,905	48,178	51,179	48,033	59,723	58,019	56,281	50,394	50,207	49,376	48,639	47,429	46,684	46,244	46,930	46,055	45,491	45,786	46,378	46,128	45,614	44,830	43,620	40,451	39,828	39,759	40,571	38,468	39,691	40,021	39,296	39,925	37,365	38,026	37,102	37,214	35,830	38,189	36,498	35,040	36,251	35,943	33,222	32,520	32,529	30,939	31,654	30,832	27,519	26,342	28,045	33,738	30,224	28,943	26,964	36,113	26,003	24,700	26,252	38,673	16,850	21,352	16,770	14,654	15,876	13,022	15,964	15,166	15,628	16,335	15,748	13,863	15,438	14,848	15,223	14,063	13,345	12,542	14,113	12,355	12,486	12,060	12,659	11,900	11,925	12,649	12,656	21,140	9,041	10,184	9,067	9,806	9,034	6,874	7,081	5,400	5,000	4,500	4,600	5,000	4,900	4,600	4,700	4,700	4,600	4,200	4,400	4,700	4,400	4,300	4,500	4,100	4,200	4,000	4,000	3,800	4,100	4,200	4,100	4,200	4,300	3,900	3,800	0	0	0	0	0	0	0	0
Tax Provision	9,338	7,095	8,658	9,586	10,563	11,499	10,957	11,142	10,780	11,043	11,995	11,155	9,432	10,988	6,564	1,715	8,166	9,322	8,805	8,118	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,309	-102,861	-81,709	16,289	50,432	15,872	17,312	-64,394	16,719	14,862	14,277	10,098	53,221	13,609	12,939	12,447	47,946	11,812	11,836	11,905	44,150	11,563	11,332	9,168	36,456	9,044	9,702	7,594	32,236	8,106	7,980	7,489	30,207	6,807	7,695	7,412	29,386	7,370	7,455	7,072	28,010	6,986	7,194	6,306	23,449	6,154	5,604	5,860	21,299	5,195	5,389	4,805	22,875	4,680	4,786	4,674	19,594	5,103	4,601	4,463	16,784	3,666	4,192	4,807	15,471	3,842	3,527	3,250	13,297	3,077	1,800	3,063	10,513	52,000	-12,474	-14,030	1,675	-14,577	-14,033	-14,693	-15,159	-13,209	-11,160	-11,225	-8,094	-8,267	-8,870	-7,364	-34,581	-5,080	-3,640	3,016	-13,295	3,074	286	1,529	-600	-200	-100	-300	-1,100	-200	500	800	800	1,200	1,300	400	-300	100	-400	-500	600	500	-200	-800	-2,200	-5,200	-4,100	-4,600	-4,100	-4,700	-3,800	-3,700	-3,700	-3,800	-1,900	-1,900	-1,400	-100	500	1,500
Total Other Income Expense Net	39,784	31,701	38,730	-19,126	-9,393	-4,736	-8,134	-7,961	-4,126	-8,747	-9,138	-9,517	-10,560	-11,324	-11,347	-16,526	-17,627	-18,507	-18,772	-17,809	-13,972	-12,990	-11,343	-9,601	-9,076	-9,188	-8,512	-8,194	-7,942	-8,101	-7,865	-7,621	-7,411	-7,472	-7,167	-7,212	-7,542	-7,438	-7,941	-8,606	-9,186	-9,400	-9,986	-10,020	-10,044	-10,296	-10,427	-10,703	-9,399	-10,794	-11,422	-12,129	-11,850	-14,013	-15,344	-15,994	-16,380	-20,296	-21,660	-21,269	-24,354	-26,578	-26,849	-30,587	-35,129	-35,994	-35,137	-34,830	-34,592	-33,768	-30,462	-26,187	-22,736	0	-18,542	-16,647	-15,760	-15,041	-14,258	-14,633	-14,957	-15,210	-16,101	-16,606	-18,713	-20,304	-20,408	-20,977	-50,998	-20,653	-21,652	-24,199	-26,287	-24,831	-19,425	-17,846	-11,000	-10,800	-10,000	-9,500	-10,400	-10,900	-11,200	-11,300	-11,200	-11,100	-10,600	-9,700	-9,400	-9,400	-9,000	-8,700	-9,300	-9,000	-8,600	-8,000	-7,200	-6,700	-6,100	-5,600	-5,800	-5,800	-5,800	-5,800	-6,000	-6,400	-7,200	-7,600	-8,800	-9,200	-9,800	-10,400
Total Revenue	189,402	134,562	120,439	125,620	132,913	131,101	128,484	122,623	125,336	117,297	117,831	115,503	117,293	115,050	114,729	111,587	111,988	116,798	111,907	110,727	104,083	109,674	108,991	103,426	103,787	101,024	99,261	95,962	94,590	95,321	94,546	92,239	94,956	90,628	90,878	87,828	90,368	89,735	88,399	86,754	86,766	88,487	86,771	76,651	73,906	74,234	70,433	72,448	70,629	70,555	70,025	69,378	72,735	71,618	70,921	71,142	71,470	69,532	67,896	67,702	69,163	66,005	62,424	60,160	58,343	57,714	55,350	53,319	53,757	53,437	53,925	51,343	50,454	50,302	50,379	49,525	49,001	48,169	46,669	47,537	47,449	45,551	44,431	44,770	45,232	44,953	45,386	44,239	64,342	33,361	31,786	32,577	28,013	29,693	24,189	23,225	18,200	19,000	17,700	17,600	17,100	17,100	16,600	16,600	15,900	15,800	15,500	14,600	14,600	14,400	13,900	13,900	12,800	12,800	12,400	11,800	12,000	13,400	13,100	13,200	13,600	14,000	13,000	12,900	13,200	13,900	12,200	12,700	12,100	12,200	12,000	11,800

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

Gross Profit (+$)
totalRevenue	665,037
Cost of Revenue	-70
Gross Profit	664,967	664,967

Operating Income (+$)
Gross Profit	664,967
Operating Expense	-109,028
Operating Income	-17,538	555,939

Operating Expense (+$)
Research Development	0
Selling General Administrative	200,507
Selling And Marketing Expenses	3,054
Operating Expense	109,028	203,561

Net Interest Income (+$)
Interest Income	481,047
Interest Expense	-37,913
Other Finance Cost	-64,309
Net Interest Income	378,825

Pretax Income (+$)
Operating Income	-17,538
Net Interest Income	378,825
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	153,459	-170,997 EBIT - interestExpense = -55,451 153,459 156,695
Interest Expense	37,913
Earnings Before Interest and Taxes (EBIT)	-17,538	191,372
Earnings Before Interest and Taxes (EBITDA)	4,734

After tax Income (+$)
Income Before Tax	153,459
Tax Provision	-35,902
Net Income From Continuing Ops	124,457	117,557
Net Income	118,782
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	501,600
Total Other Income/Expenses Net	153,459	-378,825

Technical Analysis of NBT Bancorp Inc
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 NBT Bancorp Inc. The general trend of NBT Bancorp Inc is BEARISH with 28.6% 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 NBT Bancorp Inc'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 (-28.6%)		Bearish trend (28.6%)
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 NBT Bancorp Inc.

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

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 36.21 < 36.51 < 36.84.

The bearish price targets are: 32.93 > 32.79 > 29.80.

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NBT Bancorp Inc 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 NBT Bancorp Inc. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current macd is 0.10956844.

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

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the NBT Bancorp Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for NBT Bancorp Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the NBT Bancorp Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current adx is 18.86.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current sar is 33.62.

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

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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current rsi is 50.24. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D 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 NBT Bancorp Inc price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

NBT Bancorp Inc 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 NBT Bancorp Inc. The current cci is 15.18.

NBT Bancorp Inc 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 NBT Bancorp Inc. The current cmo is -0.1330603.

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

NBT Bancorp Inc 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 NBT Bancorp Inc. The current willr is -41.89944134.

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

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

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 NBT Bancorp Inc.

NBT Bancorp Inc 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 NBT Bancorp Inc. The current atr is 0.9087956.

NBT Bancorp Inc 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 NBT Bancorp Inc. The current obv is 17,837.

NBT Bancorp Inc 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 NBT Bancorp Inc. The current mfi is 43.41.

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

NBT Bancorp Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for NBT Bancorp Inc.

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.242
Ma 20	Greater than	Ma 50	34.827
Ma 50	Greater than	Ma 100	34.782
Ma 100	Greater than	Ma 200	36.729
Open	Greater than	Close	35.130
Total			4/5 (80.0%)

Create your own Symbol Scanner

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NBT Bancorp Inc Buy, Hold or Sell?

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Quick analysis of NBT Bancorp Inc (30 sec.)

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

$35.01

$30.11

$21.41 - $29.28

$51.52 - $59.39

2. Growth of NBT Bancorp Inc (5 min.)

Is NBT Bancorp Inc growing?

How much money is NBT Bancorp Inc making?

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

3. Financial Health of NBT Bancorp Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of NBT Bancorp Inc?

Speculation

Investing

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Fundamentals of NBT Bancorp Inc

About NBT Bancorp Inc

Financial Health

Valuation

1.1. Profitability of NBT Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of NBT Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of NBT Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of NBT Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of NBT Bancorp Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

NBT Bancorp Inc
Buy, Hold or Sell?