National Health Investors Inc
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Penke I guess you are interested in National Health Investors 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 National Health Investors 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 National Health Investors Inc (30 sec.)

What can you expect buying and holding a share of National Health Investors Inc? (30 sec.)

How much money do you get?

$3.60

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$29.35

Expected worth in 1 year

$28.98

How sure are you?

95.0%

+ What do you gain per year?

Total Gains per Share

$3.23

Return On Investment

5.3%

For what price can you sell your share?

Current Price per Share

$61.52

Expected price per share

$55.87 - $62.93

How sure are you?

50%

1. Valuation of National Health Investors Inc (5 min.)

Live pricePrice per Share (EOD)

$61.52

Book Value per Share

$29.35

Intrinsic Value Per Share

$-59.63 - $127.57

Total Value Per Share

$-30.28 - $156.92

My calculation of the intrinsic value of National Health Investors 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: ($0.19) 3Y: ($1.08) TTM: ($1.06)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.13) 3Y: ($-0.12) TTM: ($0.03)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.40	$5.56	$-1.12 - $6.47
2	$-2.47	$12.99	$-2.99 - $8.61
3	$-6.04	$22.20	$-4.86 - $10.76
4	$-10.91	$33.06	$-6.73 - $12.90
5	$-16.93	$45.48	$-8.59 - $15.05
6	$-23.96	$59.36	$-10.46 - $17.19
7	$-31.86	$74.59	$-12.33 - $19.34
8	$-40.51	$91.10	$-14.20 - $21.48
9	$-49.80	$108.78	$-16.07 - $23.63
10	$-59.63	$127.57	$-17.93 - $25.77

2. Growth of National Health Investors Inc (5 min.)

Is National Health Investors Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.2b	$1.3b	-$96.1m	-7.5%

How much money is National Health Investors Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$27.2m	$5.7m	$21.4m	78.8%
Net Profit Margin	34.4%	8.3%	-	-

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

Quarterly Yearly

3. Financial Health of National Health Investors Inc (5 min.)

What can you expect buying and holding a share of National Health Investors Inc? (5 min.)

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

What can you expect buying and holding a share of National Health Investors Inc?

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

Speculation

The Price per Share of National Health Investors Inc is $61.52. 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 National Health Investors 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 National Health Investors 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 $29.35. Based on the TTM, the Book Value Change Per Share is $-0.09 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.84 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 $0.90 per quarter.

Based on historical numbers we can estimate the returns while holding a share of National Health Investors 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	0.74	1.2%	0.78	1.3%	0.37	0.6%	0.74	1.2%	0.78	1.3%
Usd Book Value Change Per Share	-0.16	-0.3%	-0.09	-0.1%	-0.84	-1.4%	-0.13	-0.2%	0.29	0.5%
Usd Dividend Per Share	0.90	1.5%	0.90	1.5%	0.90	1.5%	0.98	1.6%	0.88	1.4%
Usd Total Gains Per Share	0.74	1.2%	0.81	1.3%	0.06	0.1%	0.85	1.4%	1.17	1.9%
Usd Price Per Share	55.85	-	52.80	-	57.09	-	62.50	-	66.07	-
Price to Earnings Ratio	18.91	-	17.12	-	108.72	-	40.83	-	31.33	-
Price-to-Total Gains Ratio	75.08	-	66.42	-	-67.90	-	47.63	-	58.70	-
Price to Book Ratio	1.90	-	1.79	-	1.86	-	1.94	-	2.30	-
Price-to-Total Gains Ratio	75.08	-	66.42	-	-67.90	-	47.63	-	58.70	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	61.52
Number of shares	16

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.90	0.98
Usd Book Value Change Per Share	-0.09	-0.13
Usd Total Gains Per Share	0.81	0.85
Gains per Quarter (16 shares)	12.94	13.60
Gains per Year (16 shares)	51.74	54.40

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	58	-6	42	63	-9	44
2	115	-12	94	126	-17	98
3	173	-18	146	189	-26	152
4	230	-23	198	252	-34	206
5	288	-29	250	315	-43	260
6	346	-35	302	378	-51	314
7	403	-41	354	441	-60	368
8	461	-47	406	503	-68	422
9	518	-53	458	566	-77	476
10	576	-58	510	629	-85	530

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%	126.0	2.0	0.0	98.4%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	2.0	10.0	0.0	16.7%	8.0	12.0	0.0	40.0%	21.0	19.0	0.0	52.5%	82.0	46.0	0.0	64.1%
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%	128.0	0.0	0.0	100.0%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	38.0	2.0	0.0	95.0%	120.0	8.0	0.0	93.8%

Fundamentals of National Health Investors Inc

About National Health Investors Inc

https://www.nhireit.com
26
222 Robert Rose Drive, Murfreesboro, TN, United States, 37129-6346
Google Maps Bing Maps

Incorporated in 1991, National Health Investors, Inc. (NYSE:NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.

Fundamental data was last updated by Penke on 2024-04-04 20:37:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of National Health Investors Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit National Health Investors Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
A Net Profit Margin of 40.3% means that $0.40 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of National Health Investors Inc:

The MRQ is 40.3%. The company is making a huge profit. +2
The TTM is 34.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	40.3%	TTM	34.4%	+6.0%
TTM	34.4%	YOY	8.3%	+26.1%
TTM	34.4%	5Y	37.1%	-2.7%
5Y	37.1%	10Y	47.9%	-10.8%

Measures how much net profit National Health Investors Inc earns for each $1 of revenue.

Revenue is the amount of profit National Health Investors 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 National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
Can be used to compare companies within the REIT - Healthcare Facilities industry.

You typically want a high profit margin. This means that for each $1 in sales, National Health Investors Inc makes more profit. This shows the investor how efficiently National Health Investors Inc is operating in general and compared to other companies in the same industry. National Health Investors Inc operates in the REIT - Healthcare Facilities industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of National Health Investors Inc. If profit margins remain low (compared to the REIT - Healthcare Facilities 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 National Health Investors Inc is 0.40. This means that National Health Investors Inc earned $0.40 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc with other companies in the same industry (REIT - Healthcare Facilities).
Net profit margin should rise over the years.
Can be influenced when National Health Investors Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of National Health Investors 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 National Health Investors 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 National Health Investors Inc = 32,046
Total revenue MRQ National Health Investors Inc = 79,465
$32,046 / $79,465 = 0.40 or 40.3%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient National Health Investors Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
1.3% Return on Assets means that National Health Investors Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of National Health Investors Inc:

The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
The TTM is 1.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.3%	TTM	1.1%	+0.2%
TTM	1.1%	YOY	0.2%	+0.9%
TTM	1.1%	5Y	1.0%	+0.1%
5Y	1.0%	10Y	1.3%	-0.3%

Shows how efficient National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 National Health Investors Inc is using its resources to generate profit. If the return on assets (1.3%) from National Health Investors Inc are higher than the REIT - Healthcare Facilities mean () that means National Health Investors 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 National Health Investors Inc is 1.3%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from National Health Investors Inc = 32,046
Total assets MRQ (balance sheet) from National Health Investors Inc = 2,488,480
32,046 / 2,488,480 = 0.01 or 1.3%

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

Above 15%-20% is considered healthy but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
2.6% Return on Equity means National Health Investors Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of National Health Investors Inc:

The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	2.2%	+0.4%
TTM	2.2%	YOY	0.4%	+1.7%
TTM	2.2%	5Y	2.1%	+0.1%
5Y	2.1%	10Y	2.6%	-0.5%

Shows how efficient National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 REIT - Healthcare Facilities 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 National Health Investors Inc is 2.6%. This means National Health Investors Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors Inc up to 10 years back (depending if National Health Investors 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 National Health Investors Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) National Health Investors Inc = 32,046
Shareholders equity (balance sheet) MRQ National Health Investors Inc = 1,253,952
32,046 / 1,253,952 = 0.03 or 2.6%

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 National Health Investors Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient National Health Investors Inc is operating .

Measures how much profit National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
An Operating Margin of 58.3% means the company generated $0.58 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of National Health Investors Inc:

The MRQ is 58.3%. The company is operating very efficient. +2
The TTM is 55.5%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	58.3%	TTM	55.5%	+2.8%
TTM	55.5%	YOY	28.5%	+27.0%
TTM	55.5%	5Y	52.1%	+3.4%
5Y	52.1%	10Y	61.1%	-9.0%

Measures how efficient National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 National Health Investors 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 National Health Investors Inc is 58.3%. This means that National Health Investors Inc earned $0.58 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ National Health Investors Inc = 46,309
Total revenue MRQ National Health Investors Inc = 79,465
$46,309 / $79,465 = 0.58 or 58.3%

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 National Health Investors Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
An Operation Ratio of 0.44 means that the operating costs are $0.44 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of National Health Investors Inc:

The MRQ is 0.437. The company is very efficient in keeping operating costs low. +2
The TTM is 0.441. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.437	TTM	0.441	-0.004
TTM	0.441	YOY	0.593	-0.152
TTM	0.441	5Y	0.446	-0.005
5Y	0.446	10Y	0.367	+0.079

Measures how efficient National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 National Health Investors Inc is 43.7%. This means that National Health Investors Inc earned $0.44 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors 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
(2,775 +31,946) \ 79,465 = 0.44

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 National Health Investors Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if National Health Investors Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
A Current Ratio of 4.59 means the company has $4.59 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of National Health Investors Inc:

The MRQ is 4.592. The company is very able to pay all its short-term debts. +2
The TTM is 4.820. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	4.592	TTM	4.820	-0.228
TTM	4.820	YOY	6.277	-1.457
TTM	4.820	5Y	5.280	-0.461
5Y	5.280	10Y	4.487	+0.794

Measures if National Health Investors 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 REIT - Healthcare Facilities 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 National Health Investors 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 National Health Investors Inc is 4.59. This means National Health Investors Inc has $4.59 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
364,521 \ 79,382) = 4.59

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

Above 1 is considered healthy but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
A Quick Ratio of 4.50 means the company can pay off $4.50 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of National Health Investors Inc:

The MRQ is 4.500. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 4.599. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	4.500	TTM	4.599	-0.099
TTM	4.599	YOY	5.279	-0.680
TTM	4.599	5Y	4.908	-0.309
5Y	4.908	10Y	4.441	+0.467

Measures if National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 National Health Investors Inc can pay off its short term debts. This shows if National Health Investors 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 National Health Investors Inc is 4.50. This means that National Health Investors Inc can pay off $4.50 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors 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 National Health Investors Inc: (22,347 + 0 +334,900) / 79,382 = 4.50

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 National Health Investors Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of National Health Investors Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare National Health Investors Inc to REIT - Healthcare Facilities industry mean.
A Debt to Asset Ratio of 0.49 means that National Health Investors Inc assets are financed with 48.8% credit (debt) and the remaining percentage (100% - 48.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of National Health Investors Inc:

The MRQ is 0.488. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.488. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.488	TTM	0.488	+0.000
TTM	0.488	YOY	0.470	+0.018
TTM	0.488	5Y	0.495	-0.007
5Y	0.495	10Y	0.489	+0.005

Measures how much % of National Health Investors Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake National Health Investors Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare National Health Investors Inc to REIT - Healthcare Facilities 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 National Health Investors Inc is 0.49. This means means that National Health Investors Inc is financed with 48.8% 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example National Health Investors Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,214,433 \ 2,488,480 = 48.8% or 0.49.

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 National Health Investors Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
A Debt to Equity ratio of 96.8% means that company has $0.97 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of National Health Investors Inc:

The MRQ is 0.968. The company is very able to pay all its debts with equity. +2
The TTM is 0.967. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.968	TTM	0.967	+0.001
TTM	0.967	YOY	0.899	+0.069
TTM	0.967	5Y	0.991	-0.024
5Y	0.991	10Y	0.967	+0.024

Measures if National Health Investors 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 National Health Investors 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 National Health Investors Inc is 0.97. This means that National Health Investors Inc can pay off $0.97 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,214,433 \ 1,253,952 = 0.97 or 96.8%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of National Health Investors 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 National Health Investors Inc generates.

Above 15 is considered overpriced but always compare National Health Investors Inc to the REIT - Healthcare Facilities industry mean.
A PE ratio of 18.91 means the investor is paying $18.91 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of National Health Investors Inc:

The EOD is 20.834. Based on the earnings, the company is fair priced.
The MRQ is 18.914. Based on the earnings, the company is fair priced.
The TTM is 17.115. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	20.834	MRQ	18.914	+1.920
MRQ	18.914	TTM	17.115	+1.799
TTM	17.115	YOY	108.725	-91.610
TTM	17.115	5Y	40.826	-23.711
5Y	40.826	10Y	31.326	+9.500

Measures how much money you pay for each share for every $1 in earnings National Health Investors 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 National Health Investors Inc to the REIT - Healthcare Facilities 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 National Health Investors Inc is 18.91. This means the investor is paying $18.91 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how National Health Investors Inc is performing over time. The most recent quarter might be important if National Health Investors 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 National Health Investors 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 National Health Investors 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 \ 43,389 = EPS
PE ratio MRQ = 18.91

* 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 National Health Investors Inc:

The EOD is 12.830. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 11.647. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 13.039. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	12.830	MRQ	11.647	+1.182
MRQ	11.647	TTM	13.039	-1.392
TTM	13.039	YOY	14.092	-1.053
TTM	13.039	5Y	15.828	-2.789
5Y	15.828	10Y	18.161	-2.333

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of National Health Investors Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
A PB ratio of 1.90 means the investor is paying $1.90 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of National Health Investors Inc:

The EOD is 2.096. Based on the equity, the company is underpriced. +1
The MRQ is 1.903. Based on the equity, the company is underpriced. +1
The TTM is 1.786. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.096	MRQ	1.903	+0.193
MRQ	1.903	TTM	1.786	+0.117
TTM	1.786	YOY	1.857	-0.071
TTM	1.786	5Y	1.937	-0.151
5Y	1.937	10Y	2.303	-0.366

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of National Health Investors Inc.

3.1. Institutions holding National Health Investors Inc

Institutions are holding 64.145% of the shares of National Health Investors Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	14.1589	0.0075	6146344	-27008	-0.4375
2023-12-31	BlackRock Inc	10.0238	0.0062	4351327	247144	6.0218
2023-12-31	State Street Corporation	4.8414	0.0058	2101647	31437	1.5185
2023-12-31	Principal Financial Group Inc	4.3092	0.0666	1870632	146735	8.5118
2023-12-31	Macquarie Group Ltd	2.6634	0.0746	1156157	107941	10.2976
2023-12-31	Geode Capital Management, LLC	2.3322	0.0059	1012383	46196	4.7813
2023-12-31	Bank of America Corp	1.8275	0.0045	793313	20926	2.7093
2023-12-31	Charles Schwab Investment Management Inc	1.6256	0.01	705663	-3785	-0.5335
2023-12-31	Dimensional Fund Advisors, Inc.	1.3921	0.0099	604309	-13242	-2.1443
2023-12-31	Bank of New York Mellon Corp	1.3342	0.0066	579183	58137	11.1577
2023-12-31	Northern Trust Corp	1.286	0.0056	558238	-49631	-8.1648
2023-12-31	LaSalle Investment Management Securities LLC	1.0792	1.0333	468481	-20410	-4.1748
2023-12-31	NORGES BANK	1.0497	0.0045	455654	52806	13.1082
2023-12-31	Land & Buildings Investment Mgmt, LLC	0.9492	5.2894	412052	185377	81.781
2023-12-31	Waterfront Capital Partners, LLC	0.9018	1.797	391453	391453	0
2023-12-31	GW&K Investment Management, LLC	0.8654	0.1957	375676	-28142	-6.969
2023-12-31	Sumitomo Mitsui Trust Holdings Inc	0.8551	0.0153	371202	-11931	-3.1141
2023-12-31	Legal & General Group PLC	0.7439	0.0046	322917	11161	3.58
2023-12-31	Goldman Sachs Group Inc	0.5458	0.0012	236928	139435	143.0205
2023-12-31	JPMorgan Chase & Co	0.4868	0.0011	211313	-3908	-1.8158
Total		53.2712	8.5453	23124872	+1280691	+5.5%

3.2. Funds holding National Health Investors Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Real Estate Index Investor	4.0807	0.1594	1771418	-346	-0.0195
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9918	0.0048	1298735	-4498	-0.3451
2024-02-29	Vanguard Small Cap Index	2.4486	0.0435	1062915	9791	0.9297
2024-02-29	iShares Russell 2000 ETF	2.3778	0.0951	1032220	-169	-0.0164
2024-02-29	Principal Real Estate Securities R5	2.0321	0.8602	882153	0	0
2024-01-31	Delaware Small Cap Value A	1.7898	0.888	776950	-9500	-1.208
2024-02-29	Vanguard Small Cap Value Index Inv	1.6671	0.0782	723674	3024	0.4196
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.474	0.036	639845	502	0.0785
2023-12-31	Fidelity Small Cap Index	0.9736	0.0929	422629	6545	1.573
2024-02-01	iShares Russell 2000 Value ETF	0.823	0.162	357242	452	0.1267
2023-08-21	Nikko World REIT Mother	0.6543	0.6728	284017	-78704	-21.6982
2024-02-29	Vanguard Real Estate II Index	0.6333	0.1836	274935	-687	-0.2493
2024-01-31	Delaware VIP Small Cap Value Series Std	0.607	0.8684	263500	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5846	0.0349	253785	4800	1.9278
2024-01-31	Fidelity Extended Market Index	0.578	0.0373	250909	9485	3.9288
2024-01-31	DFA Real Estate Securities I	0.5763	0.19	250178	-2693	-1.065
2024-02-29	Schwab US REIT ETF™	0.5179	0.2086	224832	105	0.0467
2023-10-18	TMA Global Health Care REIT Mother Fund	0.511	4.1818	221835	-53918	-19.553
2024-02-29	iShares Envir&Lw Carb Tilt REIdx(UK)LAcc	0.4797	0.153	208256	7216	3.5893
2024-02-29	Schwab US Small-Cap ETF™	0.4692	0.0726	203686	0	0
Total		26.2698	9.0231	11403714	-108595	-1.0%

3.3. Insider Transactions

Insiders are holding 4.853% of the shares of National Health Investors Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2024-02-27	Charlotte A Swafford	BUY	10000	58.69
2023-08-30	James R Jobe	BUY	1000	51.4

4. Summary

4.1. Key Performance Indicators

The key performance indicators of National Health Investors 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	-	-	-0.156	-0.091	-42%	-0.843	+440%	-0.133	-15%	0.286	-155%
Book Value Per Share	-	-	29.349	29.566	-1%	30.742	-5%	32.200	-9%	29.385	0%
Current Ratio	-	-	4.592	4.820	-5%	6.277	-27%	5.280	-13%	4.487	+2%
Debt To Asset Ratio	-	-	0.488	0.488	+0%	0.470	+4%	0.495	-1%	0.489	0%
Debt To Equity Ratio	-	-	0.968	0.967	+0%	0.899	+8%	0.991	-2%	0.967	+0%
Dividend Per Share	-	-	0.900	0.900	+0%	0.902	0%	0.983	-8%	0.884	+2%
Eps	-	-	0.738	0.781	-5%	0.369	+100%	0.743	-1%	0.784	-6%
Free Cash Flow Per Share	-	-	1.199	1.056	+14%	1.033	+16%	0.911	+32%	0.186	+544%
Free Cash Flow To Equity Per Share	-	-	0.060	0.078	-23%	-1.181	+2054%	-0.167	+377%	-0.041	+168%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	127.566	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-59.634	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	5.555	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.399	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	22.199	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-6.036	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	45.485	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-16.931	-	-	-	-	-	-	-	-
Market Cap	2670570896.000	+9%	2424437330.000	2292145964.500	+6%	2563402353.563	-5%	2780432903.151	-13%	2901582900.825	-16%
Net Profit Margin	-	-	0.403	0.344	+17%	0.083	+388%	0.371	+9%	0.479	-16%
Operating Margin	-	-	0.583	0.555	+5%	0.285	+105%	0.521	+12%	0.611	-5%
Operating Ratio	-	-	0.437	0.441	-1%	0.593	-26%	0.446	-2%	0.367	+19%
Pb Ratio	2.096	+9%	1.903	1.786	+7%	1.857	+2%	1.937	-2%	2.303	-17%
Pe Ratio	20.834	+9%	18.914	17.115	+11%	108.725	-83%	40.826	-54%	31.326	-40%
Price Per Share	61.520	+9%	55.850	52.803	+6%	57.093	-2%	62.501	-11%	66.067	-15%
Price To Free Cash Flow Ratio	12.830	+9%	11.647	13.039	-11%	14.092	-17%	15.828	-26%	18.161	-36%
Price To Total Gains Ratio	82.703	+9%	75.081	66.418	+13%	-67.898	+190%	47.628	+58%	58.698	+28%
Quick Ratio	-	-	4.500	4.599	-2%	5.279	-15%	4.908	-8%	4.441	+1%
Return On Assets	-	-	0.013	0.011	+18%	0.002	+466%	0.010	+27%	0.013	-2%
Return On Equity	-	-	0.026	0.022	+18%	0.004	+501%	0.021	+25%	0.026	-1%
Total Gains Per Share	-	-	0.744	0.808	-8%	0.059	+1157%	0.850	-12%	1.171	-36%
Usd Book Value	-	-	1274047000.000	1283460750.000	-1%	1379584000.000	-8%	1433623350.000	-11%	1293495825.000	-2%
Usd Book Value Change Per Share	-	-	-0.156	-0.091	-42%	-0.843	+440%	-0.133	-15%	0.286	-155%
Usd Book Value Per Share	-	-	29.349	29.566	-1%	30.742	-5%	32.200	-9%	29.385	0%
Usd Dividend Per Share	-	-	0.900	0.900	+0%	0.902	0%	0.983	-8%	0.884	+2%
Usd Eps	-	-	0.738	0.781	-5%	0.369	+100%	0.743	-1%	0.784	-6%
Usd Free Cash Flow	-	-	52039000.000	45821500.000	+14%	46335000.000	+12%	40770100.000	+28%	8702250.000	+498%
Usd Free Cash Flow Per Share	-	-	1.199	1.056	+14%	1.033	+16%	0.911	+32%	0.186	+544%
Usd Free Cash Flow To Equity Per Share	-	-	0.060	0.078	-23%	-1.181	+2054%	-0.167	+377%	-0.041	+168%
Usd Market Cap	2670570896.000	+9%	2424437330.000	2292145964.500	+6%	2563402353.563	-5%	2780432903.151	-13%	2901582900.825	-16%
Usd Price Per Share	61.520	+9%	55.850	52.803	+6%	57.093	-2%	62.501	-11%	66.067	-15%
Usd Profit	-	-	32046000.000	27237250.000	+18%	5764500.000	+456%	29469650.000	+9%	32673700.000	-2%
Usd Revenue	-	-	79465000.000	79958750.000	-1%	69548250.000	+14%	77380600.000	+3%	69398500.000	+15%
Usd Total Gains Per Share	-	-	0.744	0.808	-8%	0.059	+1157%	0.850	-12%	1.171	-36%
	EOD	+4 -4	MRQ	TTM	+16 -19	YOY	+22 -13	5Y	+19 -16	10Y	+16 -19

4.2. Fundamental Score

Let's check the fundamental score of National Health Investors Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	20.834
Price to Book Ratio (EOD)	Between	0-1	2.096
Net Profit Margin (MRQ)	Greater than	0	0.403
Operating Margin (MRQ)	Greater than	0	0.583
Quick Ratio (MRQ)	Greater than	1	4.500
Current Ratio (MRQ)	Greater than	1	4.592
Debt to Asset Ratio (MRQ)	Less than	1	0.488
Debt to Equity Ratio (MRQ)	Less than	1	0.968
Return on Equity (MRQ)	Greater than	0.15	0.026
Return on Assets (MRQ)	Greater than	0.05	0.013
Total			6/10 (60.0%)

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4.3. Technical Score

Let's check the technical score of National Health Investors Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	60.450
Total			0/1 (0.0%)

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Latest Balance Sheet

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

Summary

Total Assets	2,488,480
Total Liabilities	1,214,433
Total Stockholder Equity	1,253,952

	As reported
Total Liabilities	1,214,433
Total Stockholder Equity	+ 1,253,952
Total Assets	= 2,488,480

Assets

Total Assets	2,488,480
Total Current Assets	364,521
Long-term Assets	2,123,959

Total Current Assets

Total Current Assets (as reported)	364,521
Cash And Cash Equivalents	22,347
Net Receivables	334,900
Inventory	359,605
Other Current Assets	-352,331
Total Current Assets (calculated)	364,521
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,123,959
Long-term Assets Other	2,115,481
Long-term Assets (calculated)	2,115,481
+/-	8,478

Liabilities & Shareholders' Equity

Total Current Liabilities	79,382
Long-term Liabilities	1,135,051
Total Stockholder Equity	1,253,952

Total Current Liabilities

Total Current Liabilities (as reported)	79,382
Short-term Debt	75,425
Accounts payable	34,304
Other Current Liabilities	-36,356
Total Current Liabilities (calculated)	73,373
+/-	6,009

Long-term Liabilities

Long-term Liabilities (as reported)	1,135,051
Long term Debt	1,135,051
Long-term Liabilities (calculated)	1,135,051
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,253,952
Common Stock	434
Retained Earnings	2,466,844
Other Stockholders Equity	-1,213,326
Total Stockholder Equity (calculated)	1,253,952
+/-	0

Other

Capital Stock	434
Cash and Short Term Investments	22,347
Common Stock Shares Outstanding	43,389
Current Deferred Revenue	6,009
Liabilities and Stockholders Equity	2,488,480
Net Debt	1,112,704
Net Invested Capital	2,389,003
Net Working Capital	285,139
Short Long Term Debt Total	1,135,051

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

0
0
0
238,600
244,400
248,600
244,600
259,300
376,200
352,700
353,300
427,700
456,800
465,200
641,400
636,300
647,400
607,700
651,900
641,900
670,800
666,400
717,200
751,097
767,500
802,700
847,700
756,599
754,500
754,300
724,900
769,198
786,800
801,100
806,500
788,545
789,784
787,129
772,857
766,977
716,669
693,847
702,323
672,630
666,711
674,974
666,671
651,064
613,549
622,032
625,158
624,366
622,237
618,960
617,154
631,371
594,970
596,243
594,997
587,932
585,165
587,660
584,370
595,464
582,971
581,720
500,205
500,732
477,031
472,067
471,300
457,106
449,694
453,223
456,616
459,360
497,880
509,909
497,173
509,341
522,139
521,959
522,297
579,563
572,904
598,400
675,273
705,981
700,141
887,234
917,114
1,455,820
1,473,202
1,483,127
1,488,168
1,982,960
2,019,716
2,012,820
2,133,125
2,146,349
2,159,234
2,335,454
2,387,770
2,403,633
2,515,979
2,511,042
2,519,932
2,545,821
2,559,428
2,673,236
2,671,009
2,750,570
2,806,268
2,997,381
3,019,360
3,042,235
3,167,835
3,166,971
3,139,273
3,120,489
3,183,273
3,077,445
2,912,177
2,838,876
2,802,503
2,587,291
2,508,785
2,507,424
2,533,230
2,498,495
2,499,090
2,488,480

2,488,480

2,499,090

2,498,495

2,533,230

2,507,424

2,508,785

2,587,291

2,802,503

2,838,876

2,912,177

3,077,445

3,183,273

3,120,489

3,139,273

3,166,971

3,167,835

3,042,235

3,019,360

2,997,381

2,806,268

2,750,570

2,671,009

2,673,236

2,559,428

2,545,821

2,519,932

2,511,042

2,515,979

2,403,633

2,387,770

2,335,454

2,159,234

2,146,349

2,133,125

2,012,820

2,019,716

1,982,960

1,488,168

1,483,127

1,473,202

1,455,820

917,114

887,234

700,141

705,981

675,273

598,400

572,904

579,563

522,297

521,959

522,139

509,341

497,173

509,909

497,880

459,360

456,616

453,223

449,694

457,106

471,300

472,067

477,031

500,732

500,205

581,720

582,971

595,464

584,370

587,660

585,165

587,932

594,997

596,243

594,970

631,371

617,154

618,960

622,237

624,366

625,158

622,032

613,549

651,064

666,671

674,974

666,711

672,630

702,323

693,847

716,669

766,977

772,857

787,129

789,784

788,545

806,500

801,100

786,800

769,198

724,900

754,300

754,500

756,599

847,700

802,700

767,500

751,097

717,200

666,400

670,800

641,900

651,900

607,700

647,400

636,300

641,400

465,200

456,800

427,700

353,300

352,700

376,200

259,300

244,600

248,600

244,400

238,600

> Total Current Assets

0
0
0
0
0
0
0
0
0
3,000
3,400
0
0
3,200
4,600
0
4,400
4,000
5,500
6,100
7,400
5,700
7,100
528,011
9,100
10,800
14,100
515,703
96,200
25,200
24,900
419,123
10,000
11,100
12,700
393,591
460,572
421,634
410,742
410,242
14
28
26
21,958
22
49
66
49,919
25
39
58
97,996
106,774
128,257
131,312
167,599
133,389
139,969
142,764
138,050
134,544
161,052
160,513
183,898
177,548
176,854
120,813
77,255
92,710
96,433
100,094
128,570
129,487
91,390
88,670
69,229
29,730
35,216
27,684
30,539
49,555
39,379
33,157
37,140
29,840
33,990
27,246
107,403
103,612
120,271
85,024
92,914
92,244
96,711
97,892
105,889
149,891
161,810
191,650
212,696
248,575
229,877
259,151
219,860
235,510
231,603
249,698
247,095
260,084
271,201
283,982
368,024
354,767
408,371
435,755
463,488
432,198
436,073
421,898
437,067
513,047
437,025
450,339
505,243
579,238
384,078
350,547
379,816
349,259
345,006
361,054
364,521

364,521

361,054

345,006

349,259

379,816

350,547

384,078

579,238

505,243

450,339

437,025

513,047

437,067

421,898

436,073

432,198

463,488

435,755

408,371

354,767

368,024

283,982

271,201

260,084

247,095

249,698

231,603

235,510

219,860

259,151

229,877

248,575

212,696

191,650

161,810

149,891

105,889

97,892

96,711

92,244

92,914

85,024

120,271

103,612

107,403

27,246

33,990

29,840

37,140

33,157

39,379

49,555

30,539

27,684

35,216

29,730

69,229

88,670

91,390

129,487

128,570

100,094

96,433

92,710

77,255

120,813

176,854

177,548

183,898

160,513

161,052

134,544

138,050

142,764

139,969

133,389

167,599

131,312

128,257

106,774

97,996

49,919

21,958

410,242

410,742

421,634

460,572

393,591

12,700

11,100

10,000

419,123

24,900

25,200

96,200

515,703

14,100

10,800

9,100

528,011

7,100

5,700

7,400

6,100

5,500

4,000

4,400

4,600

3,200

3,400

3,000

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,400
3,400
3,800
5,400
14,100
64,915
90,800
0
0
20,407
3,300
3,300
12,700
16,723
17,153
19,787
13,738
47,249
6,577
19,864
17,652
13,603
12,430
39,629
58,372
43,062
16,465
30,729
49,153
93,687
102,212
124,776
127,006
161,215
126,053
133,345
135,915
132,469
129,252
155,686
155,231
177,765
171,942
170,815
114,784
75,356
90,945
94,810
97,437
100,242
104,935
65,254
63,571
45,718
4,363
11,744
2,451
2,664
21,097
21,901
15,484
15,886
6,927
9,800
4,410
9,172
6,050
36,469
7,450
11,312
6,245
7,157
3,559
3,287
4,190
3,293
14,197
13,286
28,808
3,876
4,197
4,832
5,685
3,470
3,926
3,063
3,230
3,045
2,638
4,659
5,177
5,635
5,882
5,215
46,049
46,853
42,198
43,344
113,375
32,544
48,393
37,412
36,121
43,435
28,811
19,291
13,875
17,411
16,579
22,347

22,347

16,579

17,411

13,875

19,291

28,811

43,435

36,121

37,412

48,393

32,544

113,375

43,344

42,198

46,853

46,049

5,215

5,882

5,635

5,177

4,659

2,638

3,045

3,230

3,063

3,926

3,470

5,685

4,832

4,197

3,876

28,808

13,286

14,197

3,293

4,190

3,287

3,559

7,157

6,245

11,312

7,450

36,469

6,050

9,172

4,410

9,800

6,927

15,886

15,484

21,901

21,097

2,664

2,451

11,744

4,363

45,718

63,571

65,254

104,935

100,242

97,437

94,810

90,945

75,356

114,784

170,815

171,942

177,765

155,231

155,686

129,252

132,469

135,915

133,345

126,053

161,215

127,006

124,776

102,212

93,687

49,153

30,729

16,465

43,062

58,372

39,629

12,430

13,603

17,652

19,864

6,577

47,249

13,738

19,787

17,153

16,723

12,700

3,300

20,407

90,800

64,915

14,100

5,400

3,800

3,400

1,400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,800
19,600
0
0
0
0
49,700
85,578
49,107
38,324
39,110
35,780
30,512
26,811
27,273
22,601
23,159
22,718
15,763
15,474
19,817
22,310
26,835
22,611
20,639
61,693
67,230
54,764
57,547
58,018
57,685
59,582
58,812
60,619
63,645
24,420
21,763
22,587
55,816
46,554
41,732
38,623
26,594
21,689
23,726
22,960
21,322
21,666
19,832
20,854
22,476
21,378
10,372
9,510
11,364
11,772
13,142
11,806
12,884
14,845
14,205
13,577
12,650
13,438
13,991
13,275
15,503
16,387
14,664
35,148
72,744
58,532
23,751
23,871
11,745
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

11,745

23,871

23,751

58,532

72,744

35,148

14,664

16,387

15,503

13,275

13,991

13,438

12,650

13,577

14,205

14,845

12,884

11,806

13,142

11,772

11,364

9,510

10,372

21,378

22,476

20,854

19,832

21,666

21,322

22,960

23,726

21,689

26,594

38,623

41,732

46,554

55,816

22,587

21,763

24,420

63,645

60,619

58,812

59,582

57,685

58,018

57,547

54,764

67,230

61,693

20,639

22,611

26,835

22,310

19,817

15,474

15,763

22,718

23,159

22,601

27,273

26,811

30,512

35,780

39,110

38,324

49,107

85,578

49,700

19,600

20,800

Net Receivables

0
0
0
0
0
0
0
0
0
3,000
3,400
0
0
3,200
4,600
0
4,400
4,000
5,500
6,100
7,400
5,700
5,700
524,611
5,300
5,400
0
450,788
5,400
4,400
5,300
398,716
6,700
7,800
0
327,168
357,841
352,740
358,680
323,883
321,305
300,353
254,208
230,814
234,478
220,478
198,768
208,093
188,695
182,200
178,464
154,201
148,118
146,500
143,623
118,456
138,068
132,490
126,309
124,381
129,511
120,354
118,218
105,665
100,645
106,311
82,489
143,554
115,316
1,623
2,657
1,734
2,670
2,062
98,372
2,189
3,701
3,640
4,379
471
7,080
7,106
8,163
9,890
11,141
11,048
11,030
96,620
95,951
82,191
77,574
81,602
85,999
89,554
94,333
102,602
145,701
150,050
176,107
198,064
219,767
226,001
254,954
215,028
229,825
228,133
245,772
244,032
256,854
268,156
281,344
358,112
335,468
388,088
401,054
429,399
375,584
389,220
379,700
390,724
399,672
381,900
384,503
399,360
411,129
283,974
289,128
314,998
307,062
312,565
331,684
334,900

334,900

331,684

312,565

307,062

314,998

289,128

283,974

411,129

399,360

384,503

381,900

399,672

390,724

379,700

389,220

375,584

429,399

401,054

388,088

335,468

358,112

281,344

268,156

256,854

244,032

245,772

228,133

229,825

215,028

254,954

226,001

219,767

198,064

176,107

150,050

145,701

102,602

94,333

89,554

85,999

81,602

77,574

82,191

95,951

96,620

11,030

11,048

11,141

9,890

8,163

7,106

7,080

471

4,379

3,640

3,701

2,189

98,372

2,062

2,670

1,734

2,657

1,623

115,316

143,554

82,489

106,311

100,645

105,665

118,218

120,354

129,511

124,381

126,309

132,490

138,068

118,456

143,623

146,500

148,118

154,201

178,464

182,200

188,695

208,093

198,768

220,478

234,478

230,814

254,208

300,353

321,305

323,883

358,680

352,740

357,841

327,168

7,800

6,700

398,716

5,300

4,400

5,400

450,788

5,400

5,300

524,611

5,700

7,400

6,100

5,500

4,000

4,400

4,600

3,200

3,400

3,000

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-363,648
-350,701
-298,645
-249,732
-269,487
-283,217
-279,792
-216,999
-220,609
-232,707
-249,869
-176,727
-166,167
-163,658
-201,010
-179,302
-185,496
-183,413
-177,478
-176,485
-183,801
-173,800
-173,555
-163,177
-119,459
-122,035
-99,047
-197,471
-160,105
-41,732
-38,623
0
193
348
277
0
0
0
0
4,928
0
0
0
0
0
0
0
1,611
1,611
1,611
0
0
0
0
0
21,648
0
8,467
1,346
1,346
0
0
0
8,208
0
8,208
8,208
8,208
8,208
8,208
8,208
5,253
14,122
14,648
28,819
28,874
10,565
18,565
8,916
2,999
2,853
22,581
17,443
68,471
131,988
56,669
32,608
45,527
-312,920
-323,558
-343,088
-352,331

-352,331

-343,088

-323,558

-312,920

45,527

32,608

56,669

131,988

68,471

17,443

22,581

2,853

2,999

8,916

18,565

10,565

28,874

28,819

14,648

14,122

5,253

8,208

1,346

8,467

21,648

1,611

4,928

277

348

193

-38,623

-41,732

-160,105

-197,471

-99,047

-122,035

-119,459

-163,177

-173,555

-173,800

-183,801

-176,485

-177,478

-183,413

-185,496

-179,302

-201,010

-163,658

-166,167

-176,727

-249,869

-232,707

-220,609

-216,999

-279,792

-283,217

-269,487

-249,732

-298,645

-350,701

-363,648

> Long-term Assets

0
0
0
0
0
0
0
0
0
106,300
111,500
0
0
114,200
118,800
0
117,000
115,700
124,600
123,200
122,100
120,500
185,200
220,817
182,400
180,600
198,600
237,226
200,900
200,000
199,200
347,328
252,300
254,300
298,800
441,473
411,060
410,401
397,639
391,612
-599
334,527
428,268
409,295
417,125
410,979
405,020
391,003
401,675
402,522
390,025
353,952
363,313
340,448
340,191
328,986
322,218
321,619
324,028
320,814
313,727
298,623
297,903
292,654
270,972
267,321
264,670
227,905
223,562
221,543
221,415
328,536
320,207
361,833
367,946
390,131
468,150
474,693
469,489
478,802
472,584
482,580
489,140
542,423
543,064
564,410
648,027
598,578
596,529
766,963
832,090
1,362,906
1,380,958
1,386,416
1,390,276
1,877,071
1,869,825
1,851,010
1,941,475
1,933,653
1,910,659
2,105,577
2,128,619
2,183,773
2,280,469
2,279,439
2,270,234
2,298,726
2,299,344
2,402,035
2,387,027
2,382,546
2,451,501
2,589,010
2,583,605
2,578,747
2,735,637
2,730,898
2,717,375
2,683,422
2,670,226
2,640,420
2,461,838
2,333,633
2,223,265
2,203,213
2,158,238
2,127,608
2,183,971
2,153,489
2,138,036
2,123,959

2,123,959

2,138,036

2,153,489

2,183,971

2,127,608

2,158,238

2,203,213

2,223,265

2,333,633

2,461,838

2,640,420

2,670,226

2,683,422

2,717,375

2,730,898

2,735,637

2,578,747

2,583,605

2,589,010

2,451,501

2,382,546

2,387,027

2,402,035

2,299,344

2,298,726

2,270,234

2,279,439

2,280,469

2,183,773

2,128,619

2,105,577

1,910,659

1,933,653

1,941,475

1,851,010

1,869,825

1,877,071

1,390,276

1,386,416

1,380,958

1,362,906

832,090

766,963

596,529

598,578

648,027

564,410

543,064

542,423

489,140

482,580

472,584

478,802

469,489

474,693

468,150

390,131

367,946

361,833

320,207

328,536

221,415

221,543

223,562

227,905

264,670

267,321

270,972

292,654

297,903

298,623

313,727

320,814

324,028

321,619

322,218

328,986

340,191

340,448

363,313

353,952

390,025

402,522

401,675

391,003

405,020

410,979

417,125

409,295

428,268

334,527

-599

391,612

397,639

410,401

411,060

441,473

298,800

254,300

252,300

347,328

199,200

200,000

200,900

237,226

198,600

180,600

182,400

220,817

185,200

120,500

122,100

123,200

124,600

115,700

117,000

118,800

114,200

111,500

106,300

Property Plant Equipment

0
0
0
99,300
98,200
104,500
103,300
102,900
102,200
106,300
111,500
113,400
114,000
114,200
118,800
118,200
117,000
115,700
124,600
123,200
122,100
120,500
185,200
184,255
182,400
180,600
198,600
200,069
200,900
200,000
199,200
245,538
252,300
254,300
298,800
316,021
287,578
285,020
283,916
278,004
275,154
265,883
326,959
323,266
320,026
313,322
307,804
304,394
311,703
308,207
293,217
289,465
286,163
281,677
278,498
278,170
267,454
264,072
266,010
263,129
254,145
239,811
237,284
235,199
232,840
229,189
226,538
187,455
185,430
183,411
183,283
181,332
179,381
217,956
231,442
223,861
322,171
326,577
323,710
327,654
325,096
337,302
341,670
394,795
396,311
412,332
519,479
535,390
533,285
698,986
767,408
1,247,740
1,284,727
1,289,632
1,290,535
1,776,549
1,767,814
1,750,876
1,843,213
1,838,153
1,841,090
2,066,058
2,096,483
2,159,774
2,268,151
2,266,812
2,257,885
2,285,701
2,286,147
2,388,618
2,373,905
2,366,882
2,434,755
2,571,129
2,565,449
2,560,393
2,693,227
2,691,376
2,687,959
2,667,432
2,647,956
2,618,756
2,428,449
2,317,880
2,201,084
2,187,266
2,140,853
2,118,210
2,164,872
2,135,166
2,120,436
0

2,120,436

2,135,166

2,164,872

2,118,210

2,140,853

2,187,266

2,201,084

2,317,880

2,428,449

2,618,756

2,647,956

2,667,432

2,687,959

2,691,376

2,693,227

2,560,393

2,565,449

2,571,129

2,434,755

2,366,882

2,373,905

2,388,618

2,286,147

2,285,701

2,257,885

2,266,812

2,268,151

2,159,774

2,096,483

2,066,058

1,841,090

1,838,153

1,843,213

1,750,876

1,767,814

1,776,549

1,290,535

1,289,632

1,284,727

1,247,740

767,408

698,986

533,285

535,390

519,479

412,332

396,311

394,795

341,670

337,302

325,096

327,654

323,710

326,577

322,171

223,861

231,442

217,956

179,381

181,332

183,283

183,411

185,430

187,455

226,538

229,189

232,840

235,199

237,284

239,811

254,145

263,129

266,010

264,072

267,454

278,170

278,498

281,677

286,163

289,465

293,217

308,207

311,703

304,394

307,804

313,322

320,026

323,266

326,959

265,883

275,154

278,004

283,916

285,020

287,578

316,021

298,800

254,300

252,300

245,538

199,200

200,000

200,900

200,069

198,600

180,600

182,400

184,255

185,200

120,500

122,100

123,200

124,600

115,700

117,000

118,200

118,800

114,200

114,000

113,400

111,500

106,300

102,200

102,900

103,300

104,500

98,200

99,300

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
147,639
145,286
150,450
144,796
144,029
146,841
146,185
145,366
149,712
117,457
123,993
119,802
104,972
97,499
98,771
99,003
98,986
98,860
101,762
139,661
146,280
157,306
135,031
150,720
160,062
183,993
133,493
150,098
141,107
149,299
141,486
145,845
149,676
155,461
246,111
261,226
310,199
333,736
0
286,320
300,130
287,282
292,427
301,318
306,758
302,051
299,952
448,378
260,946
32,608
0
26,670
13,167
0
0

13,167

26,670

32,608

260,946

448,378

299,952

302,051

306,758

301,318

292,427

287,282

300,130

286,320

333,736

310,199

261,226

246,111

155,461

149,676

145,845

141,486

149,299

141,107

150,098

133,493

183,993

160,062

150,720

135,031

157,306

146,280

139,661

101,762

98,860

98,986

99,003

98,771

97,499

104,972

119,802

123,993

117,457

149,712

145,366

146,185

146,841

144,029

144,796

150,450

145,286

147,639

Other Assets

0
0
0
238,600
244,400
248,600
244,600
259,300
376,200
243,400
238,400
427,700
456,800
347,800
518,000
636,300
526,000
488,000
521,800
512,600
541,300
540,200
524,900
2,269
576,000
611,300
635,000
3,670
457,400
529,100
500,800
2,747
524,500
535,700
495,000
-46,519
-81,848
-44,906
-35,524
-34,877
717,254
359,292
274,029
241,377
249,564
263,946
261,585
210,142
211,849
219,471
235,075
172,418
152,150
150,255
145,651
134,786
139,363
134,655
128,205
129,068
136,894
127,985
125,954
118,912
134,451
137,545
114,722
195,572
160,759
154,091
149,791
246,490
239,395
280,162
292,811
316,865
415,807
418,438
416,609
425,813
416,679
416,436
419,322
475,115
476,983
495,353
579,915
600,189
600,380
770,471
833,519
1,365,178
1,383,200
1,387,935
1,392,498
1,880,889
1,872,754
1,862,384
1,947,454
1,938,255
1,914,644
2,109,482
2,132,676
2,192,790
2,283,172
2,283,192
2,276,483
2,303,913
107,525
112,026
117,493
210,333
14,122
270,538
279,666
304,266
296,885
274,479
307,782
2,784,718
320,735
303,660
2,627,569
2,538,924
2,449,992
2,259,882
2,190,846
45,527
2,220,310
15,030
2,156,002
0

2,156,002

15,030

2,220,310

45,527

2,190,846

2,259,882

2,449,992

2,538,924

2,627,569

303,660

320,735

2,784,718

307,782

274,479

296,885

304,266

279,666

270,538

14,122

210,333

117,493

112,026

107,525

2,303,913

2,276,483

2,283,192

2,283,172

2,192,790

2,132,676

2,109,482

1,914,644

1,938,255

1,947,454

1,862,384

1,872,754

1,880,889

1,392,498

1,387,935

1,383,200

1,365,178

833,519

770,471

600,380

600,189

579,915

495,353

476,983

475,115

419,322

416,436

416,679

425,813

416,609

418,438

415,807

316,865

292,811

280,162

239,395

246,490

149,791

154,091

160,759

195,572

114,722

137,545

134,451

118,912

125,954

127,985

136,894

129,068

128,205

134,655

139,363

134,786

145,651

150,255

152,150

172,418

235,075

219,471

211,849

210,142

261,585

263,946

249,564

241,377

274,029

359,292

717,254

-34,877

-35,524

-44,906

-81,848

-46,519

495,000

535,700

524,500

2,747

500,800

529,100

457,400

3,670

635,000

611,300

576,000

2,269

524,900

540,200

541,300

512,600

521,800

488,000

526,000

636,300

518,000

347,800

456,800

427,700

238,400

243,400

376,200

259,300

244,600

248,600

244,400

238,600

> Total Liabilities

0
0
0
238,200
244,800
240,100
237,100
166,700
280,000
257,500
255,500
327,100
249,200
251,100
426,100
412,400
422,700
333,300
357,000
284,900
311,100
288,700
333,500
341,414
335,800
368,500
406,000
312,519
294,000
294,400
290,100
344,538
367,700
382,700
395,300
395,905
398,845
397,123
376,799
369,568
306,756
294,523
306,492
274,837
267,508
267,455
256,323
250,635
212,229
216,242
216,641
214,722
207,726
205,087
201,011
205,832
174,529
172,123
170,038
162,964
159,050
158,872
153,669
163,793
150,673
150,727
45,639
54,594
34,196
30,107
25,044
27,491
22,234
22,746
20,744
24,748
61,055
71,386
56,667
66,841
74,621
74,539
74,813
136,078
127,290
153,128
224,862
237,934
231,765
418,247
426,701
678,660
690,017
702,745
707,148
933,027
973,275
966,313
1,088,459
1,003,889
1,019,545
1,156,811
1,180,780
1,194,043
1,228,695
1,224,616
1,192,265
1,223,704
1,239,547
1,311,864
1,307,609
1,360,857
1,390,284
1,577,695
1,556,367
1,543,983
1,660,842
1,663,502
1,635,271
1,597,544
1,620,558
1,520,385
1,362,971
1,321,893
1,313,706
1,174,303
1,182,140
1,217,518
1,244,634
1,208,120
1,218,265
1,214,433

1,214,433

1,218,265

1,208,120

1,244,634

1,217,518

1,182,140

1,174,303

1,313,706

1,321,893

1,362,971

1,520,385

1,620,558

1,597,544

1,635,271

1,663,502

1,660,842

1,543,983

1,556,367

1,577,695

1,390,284

1,360,857

1,307,609

1,311,864

1,239,547

1,223,704

1,192,265

1,224,616

1,228,695

1,194,043

1,180,780

1,156,811

1,019,545

1,003,889

1,088,459

966,313

973,275

933,027

707,148

702,745

690,017

678,660

426,701

418,247

231,765

237,934

224,862

153,128

127,290

136,078

74,813

74,539

74,621

66,841

56,667

71,386

61,055

24,748

20,744

22,746

22,234

27,491

25,044

30,107

34,196

54,594

45,639

150,727

150,673

163,793

153,669

158,872

159,050

162,964

170,038

172,123

174,529

205,832

201,011

205,087

207,726

214,722

216,641

216,242

212,229

250,635

256,323

267,455

267,508

274,837

306,492

294,523

306,756

369,568

376,799

397,123

398,845

395,905

395,300

382,700

367,700

344,538

290,100

294,400

294,000

312,519

406,000

368,500

335,800

341,414

333,500

288,700

311,100

284,900

357,000

333,300

422,700

412,400

426,100

251,100

249,200

327,100

255,500

257,500

280,000

166,700

237,100

240,100

244,800

238,200

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,900
31,700
32,700
33,700
33,600
34,300
36,600
39,800
36,500
34,300
32,600
36,200
35,400
39,300
36,700
39,400
21,500
28,700
26,600
31,000
29,200
47,700
42,600
48,200
40,400
47,200
44,000
48,700
47,000
51,200
49,200
47,300
44,200
50,300
53,500
52,100
51,000
45,500
42,500
43,000
38,800
53,000
37,900
38,600
34,600
45,100
25,400
22,200
19,300
27,376
19,472
22,746
20,744
20,713
22,584
62,601
47,821
20,140
19,823
20,309
20,974
27,627
30,357
31,485
22,760
30,428
24,259
25,613
29,483
36,205
34,209
37,951
39,410
45,653
49,580
49,006
54,290
55,607
60,382
61,951
72,737
56,737
60,529
57,236
58,598
56,932
58,046
64,819
66,199
68,544
92,441
95,270
96,369
92,880
101,300
98,623
95,665
87,621
85,195
76,203
68,846
70,172
64,662
69,808
67,141
70,007
68,620
73,305
73,827
79,382

79,382

73,827

73,305

68,620

70,007

67,141

69,808

64,662

70,172

68,846

76,203

85,195

87,621

95,665

98,623

101,300

92,880

96,369

95,270

92,441

68,544

66,199

64,819

58,046

56,932

58,598

57,236

60,529

56,737

72,737

61,951

60,382

55,607

54,290

49,006

49,580

45,653

39,410

37,951

34,209

36,205

29,483

25,613

24,259

30,428

22,760

31,485

30,357

27,627

20,974

20,309

19,823

20,140

47,821

62,601

22,584

20,713

20,744

22,746

19,472

27,376

19,300

22,200

25,400

45,100

34,600

38,600

37,900

53,000

38,800

43,000

42,500

45,500

51,000

52,100

53,500

50,300

44,200

47,300

49,200

51,200

47,000

48,700

44,000

47,200

40,400

48,200

42,600

47,700

29,200

31,000

26,600

28,700

21,500

39,400

36,700

39,300

35,400

36,200

32,600

34,300

36,500

39,800

36,600

34,300

33,600

33,700

32,700

31,700

33,900

Short-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
58,500
70,300
98,000
88,000
88,000
94,000
91,000
90,000
83,000
60,473
45,242
10,648
-5,955
-5,698
-5,335
0
-4,797
-4,403
-4,249
-3,686
-3,595
-3,525
-3,422
-3,365
-3,285
-3,313
-3,275
-3,197
0
-3,085
-3,038
0
-163
-191
-149
-143
-137
-131
7,857
5,705
3,987
0
2,762
1,400
-885
4,000
43,823
28,234
-1,461
-1,423
0
-1,714
-1,673
9,478
16,431
0
20,492
15,785
16,595
12,680
16,282
18,392
14,368
12,872
13,146
17,109
17,499
12,044
13,240
9,759
9,004
-227
15,860
22,475
22,375
22,375
21,275
21,275
25,358
23,481
22,810
22,827
18,421
17,529
20,504
10,638
10,638
10,638
9,478
1,524,725
1,434,744
1,285,287
1,242,883
0
0
99
415,408
270,305
50,205
50,104
75,425

75,425

50,104

50,205

270,305

415,408

1,242,883

1,285,287

1,434,744

1,524,725

9,478

10,638

20,504

17,529

18,421

22,827

22,810

23,481

25,358

21,275

22,375

22,475

15,860

-227

9,004

9,759

13,240

12,044

17,499

17,109

13,146

12,872

14,368

18,392

16,282

12,680

16,595

15,785

20,492

16,431

9,478

-1,673

-1,714

-1,423

-1,461

28,234

43,823

4,000

-885

1,400

2,762

3,987

5,705

7,857

-131

-137

-143

-149

-191

-163

-3,038

-3,085

-3,197

-3,275

-3,313

-3,285

-3,365

-3,422

-3,525

-3,595

-3,686

-4,249

-4,403

-4,797

-5,335

-5,698

-5,955

10,648

45,242

60,473

83,000

90,000

91,000

94,000

88,000

98,000

70,300

58,500

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
867,919
0
0
0
921,173
0
0
0
1,120,260
0
1,148,062
1,113,784
1,146,244
1,160,226
1,225,720
0
0
1,176
606
669
493
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

493

669

606

1,176

1,225,720

1,160,226

1,146,244

1,113,784

1,148,062

1,120,260

921,173

867,919

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
1,131
0
0
0
-2,634
0
0
0
-4,804
0
0
0
828
7,061
3,918
7,570
8,065
13,245
12,999
17,682
19,787
23,067
23,284
21,622
23,919
25,790
27,017
29,463
27,473
31,171
25,408
25,984
24,377
34,630
29,618
32,209
23,097
22,897
19,834
6,023
17,573
6,755
3,933
6,690
7,434
7,697
6,857
3,943
4,359
4,193
4,152
3,517
2,754
2,688
2,868
2,835
3,388
2,782
3,268
3,915
3,483
2,818
3,933
4,114
4,301
3,590
3,894
7,809
8,011
7,058
11,084
12,583
15,718
14,822
14,432
19,887
19,397
24,805
26,235
36,090
20,003
21,599
18,301
19,144
17,476
16,514
16,814
18,750
19,890
22,532
27,104
28,625
26,313
34,701
33,026
32,144
25,189
23,673
25,728
20,886
23,181
19,112
25,336
22,997
25,905
24,626
28,952
29,326
34,304

34,304

29,326

28,952

24,626

25,905

22,997

25,336

19,112

23,181

20,886

25,728

23,673

25,189

32,144

33,026

34,701

26,313

28,625

27,104

22,532

19,890

18,750

16,814

16,514

17,476

19,144

18,301

21,599

20,003

36,090

26,235

24,805

19,397

19,887

14,432

14,822

15,718

12,583

11,084

7,058

8,011

7,809

3,894

3,590

4,301

4,114

3,933

2,818

3,483

3,915

3,268

2,782

3,388

2,835

2,868

2,688

2,754

3,517

4,152

4,193

4,359

3,943

6,857

7,697

7,434

6,690

3,933

6,755

17,573

6,023

19,834

22,897

23,097

32,209

29,618

34,630

24,377

25,984

25,408

31,171

27,473

29,463

27,017

25,790

23,919

21,622

23,284

23,067

19,787

17,682

12,999

13,245

8,065

7,570

3,918

7,061

828

-4,804

-2,634

1,131

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,900
30,569
32,700
33,700
33,600
36,934
36,600
39,800
36,500
-19,396
-37,700
-61,800
-52,600
-49,528
-64,361
-55,518
-76,070
-62,365
-46,844
-33,942
-5,363
27,913
19,533
24,916
18,778
23,281
18,210
21,683
17,537
23,727
18,029
21,892
18,216
25,923
18,870
22,482
18,791
22,403
19,603
23,166
32,777
35,427
31,145
34,667
27,910
37,666
17,703
7,361
9,532
19,247
15,169
15,171
15,179
17,959
14,610
14,450
15,306
16,752
17,041
17,041
17,059
24,144
16,428
9,478
18,646
4,301
3,590
3,894
7,809
8,011
7,058
11,084
12,583
15,718
14,822
14,432
19,887
19,397
24,805
26,235
36,090
20,003
38,930
38,935
39,454
39,456
41,532
16,814
18,750
19,890
22,532
27,104
28,625
26,313
49,226
49,226
49,314
40,340
50,550
41,266
41,266
41,266
41,265
40,190
38,951
-376,358
-231,255
-11,136
-11,035
-36,356

-36,356

-11,035

-11,136

-231,255

-376,358

38,951

40,190

41,265

41,266

50,550

40,340

49,314

49,226

26,313

28,625

27,104

22,532

19,890

18,750

16,814

41,532

39,456

39,454

38,935

38,930

20,003

36,090

26,235

24,805

19,397

19,887

14,432

14,822

15,718

12,583

11,084

7,058

8,011

7,809

3,894

3,590

4,301

18,646

9,478

16,428

24,144

17,059

17,041

16,752

15,306

14,450

14,610

17,959

15,179

15,171

15,169

19,247

9,532

7,361

17,703

37,666

27,910

34,667

31,145

35,427

32,777

23,166

19,603

22,403

18,791

22,482

18,870

25,923

18,216

21,892

18,029

23,727

17,537

21,683

18,210

23,281

18,778

24,916

19,533

27,913

-5,363

-33,942

-46,844

-62,365

-76,070

-55,518

-64,361

-49,528

-52,600

-61,800

-37,700

-19,396

36,500

39,800

36,600

36,934

33,600

33,700

32,700

30,569

33,900

> Long-term Liabilities

0
0
0
225,900
230,300
224,800
224,100
153,100
266,500
240,800
236,800
309,300
229,700
233,400
402,700
387,000
395,300
308,700
327,700
255,200
274,700
254,400
299,600
309,700
303,100
334,800
372,500
274,700
257,400
254,700
253,600
310,200
335,100
346,500
359,900
356,600
362,100
357,700
355,300
340,900
280,200
263,500
277,300
227,100
224,900
219,300
215,900
203,400
168,200
167,500
169,600
163,500
158,500
157,800
156,800
155,500
121,000
120,000
119,000
117,500
116,600
115,900
114,900
113,500
112,800
112,100
11,000
9,500
8,800
7,900
5,700
115
2,762
22,085
20,096
4,035
38,471
8,785
8,846
46,701
54,798
54,230
53,839
108,451
96,933
121,643
202,102
207,506
207,506
392,634
397,218
642,455
655,808
664,794
667,738
887,374
923,695
917,307
1,034,169
948,282
959,163
1,094,860
1,108,043
1,137,306
1,168,166
1,167,380
1,133,667
1,166,772
1,181,501
1,247,045
1,241,410
1,292,313
1,297,843
1,482,425
1,459,998
1,451,103
1,559,542
1,564,879
1,539,606
1,509,923
1,535,363
1,444,182
1,294,125
1,251,721
1,249,044
1,104,495
1,114,999
1,147,511
1,176,014
1,134,815
1,144,438
1,135,051

1,135,051

1,144,438

1,134,815

1,176,014

1,147,511

1,114,999

1,104,495

1,249,044

1,251,721

1,294,125

1,444,182

1,535,363

1,509,923

1,539,606

1,564,879

1,559,542

1,451,103

1,459,998

1,482,425

1,297,843

1,292,313

1,241,410

1,247,045

1,181,501

1,166,772

1,133,667

1,167,380

1,168,166

1,137,306

1,108,043

1,094,860

959,163

948,282

1,034,169

917,307

923,695

887,374

667,738

664,794

655,808

642,455

397,218

392,634

207,506

202,102

121,643

96,933

108,451

53,839

54,230

54,798

46,701

8,846

8,785

38,471

4,035

20,096

22,085

2,762

115

5,700

7,900

8,800

9,500

11,000

112,100

112,800

113,500

114,900

115,900

116,600

117,500

119,000

120,000

121,000

155,500

156,800

157,800

158,500

163,500

169,600

167,500

168,200

203,400

215,900

219,300

224,900

227,100

277,300

263,500

280,200

340,900

355,300

357,700

362,100

356,600

359,900

346,500

335,100

310,200

253,600

254,700

257,400

274,700

372,500

334,800

303,100

309,700

299,600

254,400

274,700

255,200

327,700

308,700

395,300

387,000

402,700

233,400

229,700

309,300

236,800

240,800

266,500

153,100

224,100

224,800

230,300

225,900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,375
48,750
48,125
0
0
0
194,250
203,250
203,250
386,778
391,362
617,080
629,033
638,019
640,963
862,726
899,420
893,032
1,009,144
926,257
937,138
1,072,835
1,086,018
1,115,981
1,145,691
1,145,005
1,111,292
1,145,497
1,160,226
1,225,720
1,220,135
1,281,675
1,287,205
1,471,787
1,449,360
1,440,465
1,548,904
1,554,241
1,528,968
1,499,285
1,524,725
1,434,744
1,285,287
1,242,883
1,249,044
1,104,495
1,114,999
1,147,511
1,176,014
1,134,815
0
0

1,134,815

1,176,014

1,147,511

1,114,999

1,104,495

1,249,044

1,242,883

1,285,287

1,434,744

1,524,725

1,499,285

1,528,968

1,554,241

1,548,904

1,440,465

1,449,360

1,471,787

1,287,205

1,281,675

1,220,135

1,225,720

1,160,226

1,145,497

1,111,292

1,145,005

1,145,691

1,115,981

1,086,018

1,072,835

937,138

926,257

1,009,144

893,032

899,420

862,726

640,963

638,019

629,033

617,080

391,362

386,778

203,250

194,250

48,125

48,750

49,375

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
11,487
11,197
9,825
9,520
10,172
0
0

10,172

9,520

9,825

11,197

11,487

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
7,407
7,190
7,547
7,270
6,996
6,701
6,233
5,955
5,698
5,335
5,058
4,797
4,403
4,249
3,687
3,595
3,525
3,422
3,365
3,285
3,313
3,275
3,197
3,142
3,085
3,038
2,968
163
191
149
143
137
131
125
120
115
110
661
648
4,035
8,536
8,785
8,846
8,936
5,423
5,480
5,714
11,151
11,111
11,121
7,852
5,590
5,550
7,086
7,041
29,276
28,476
28,190
28,147
25,719
27,102
26,918
27,497
25,598
23,038
22,502
22,809
22,196
22,475
22,375
22,375
21,275
21,275
27,158
26,493
16,592
35,188
33,279
32,228
30,388
28,011
27,009
24,845
23,252
21,610
18,647
15,532
14,563
4,285
4,282
5,094
5,052
0
5,284
5,432
0

5,432

5,284

5,052

5,094

4,282

4,285

14,563

15,532

18,647

21,610

23,252

24,845

27,009

28,011

30,388

32,228

33,279

35,188

16,592

26,493

27,158

21,275

22,375

22,475

22,196

22,809

22,502

23,038

25,598

27,497

26,918

27,102

25,719

28,147

28,190

28,476

29,276

7,041

7,086

5,550

5,590

7,852

11,121

11,111

11,151

5,714

5,480

5,423

8,936

8,846

8,785

8,536

4,035

648

661

110

115

120

125

131

137

143

149

191

163

2,968

3,038

3,085

3,142

3,197

3,275

3,313

3,285

3,365

3,422

3,525

3,595

3,687

4,249

4,403

4,797

5,058

5,335

5,698

5,955

6,233

6,701

6,996

7,270

7,547

7,190

7,407

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,480
1,714
1,673
1,633
1,643
1,374
1,334
1,294
1,230
1,185
3,901
1,701
1,415
1,372
1,071
2,827
2,643
2,472
3,573
1,013
477
784
871
0
0
0
0
0
5,833
5,218
5,954
24,550
22,641
21,590
10,146
17,373
16,371
14,207
12,614
10,972
9,209
6,694
5,725
4,285
4,282
5,094
5,052
4,944
5,284
11,392
0

11,392

5,284

4,944

5,052

5,094

4,282

4,285

5,725

6,694

9,209

10,972

12,614

14,207

16,371

17,373

10,146

21,590

22,641

24,550

5,954

5,218

5,833

871

784

477

1,013

3,573

2,472

2,643

2,827

1,071

1,372

1,415

1,701

3,901

1,185

1,230

1,294

1,334

1,374

1,643

1,633

1,673

1,714

1,480

> Total Stockholder Equity

0
0
0
400
-400
8,500
7,500
92,600
96,200
95,200
97,800
100,600
207,600
214,100
215,300
223,900
224,700
274,400
294,900
357,000
359,700
377,700
383,700
409,683
431,700
434,200
441,700
444,080
460,500
459,900
434,800
424,660
419,100
418,400
411,200
392,640
390,939
390,006
396,058
397,409
409,913
399,324
395,831
397,793
399,203
407,519
410,348
400,429
401,320
405,790
408,517
409,644
414,511
413,873
416,143
425,539
420,441
424,120
424,959
424,968
426,115
428,788
430,701
431,671
432,298
430,993
454,566
446,138
442,835
441,960
446,256
429,615
427,460
430,477
435,872
434,612
436,825
438,523
440,506
442,500
447,518
447,420
447,484
443,485
445,614
445,272
439,447
457,182
457,507
458,205
479,702
766,546
772,680
770,027
771,123
1,039,925
1,036,539
1,036,683
1,034,904
1,133,292
1,130,572
1,169,571
1,206,990
1,209,590
1,287,284
1,286,426
1,327,667
1,322,117
1,319,881
1,361,372
1,363,400
1,389,713
1,415,984
1,419,045
1,462,366
1,497,631
1,495,558
1,492,359
1,493,049
1,512,234
1,552,185
1,546,715
1,539,057
1,507,083
1,479,293
1,392,220
1,306,370
1,270,225
1,267,489
1,268,968
1,260,111
1,253,952

1,253,952

1,260,111

1,268,968

1,267,489

1,270,225

1,306,370

1,392,220

1,479,293

1,507,083

1,539,057

1,546,715

1,552,185

1,512,234

1,493,049

1,492,359

1,495,558

1,497,631

1,462,366

1,419,045

1,415,984

1,389,713

1,363,400

1,361,372

1,319,881

1,322,117

1,327,667

1,286,426

1,287,284

1,209,590

1,206,990

1,169,571

1,130,572

1,133,292

1,034,904

1,036,683

1,036,539

1,039,925

771,123

770,027

772,680

766,546

479,702

458,205

457,507

457,182

439,447

445,272

445,614

443,485

447,484

447,420

447,518

442,500

440,506

438,523

436,825

434,612

435,872

430,477

427,460

429,615

446,256

441,960

442,835

446,138

454,566

430,993

432,298

431,671

430,701

428,788

426,115

424,968

424,959

424,120

420,441

425,539

416,143

413,873

414,511

409,644

408,517

405,790

401,320

400,429

410,348

407,519

399,203

397,793

395,831

399,324

409,913

397,409

396,058

390,006

390,939

392,640

411,200

418,400

419,100

424,660

434,800

459,900

460,500

444,080

441,700

434,200

431,700

409,683

383,700

377,700

359,700

357,000

294,900

274,400

224,700

223,900

215,300

214,100

207,600

100,600

97,800

95,200

96,200

92,600

7,500

8,500

-400

400

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
235
0
0
0
248
0
0
0
244
0
0
200
244
244
244
244
244
244
244
243
260
262
266
266
266
266
266
266
267
267
274
274
275
277
278
278
278
279
278
278
278
278
278
278
278
278
278
278
276
276
276
276
276
276
277
277
277
277
277
277
278
278
278
278
279
279
279
279
330
330
331
331
375
376
376
376
384
384
392
398
398
410
410
415
415
415
422
422
427
432
434
440
446
447
447
447
452
459
459
459
459
459
447
434
434
434
434
434
434

434

447

459

452

447

446

440

434

432

427

422

415

410

398

392

384

376

375

331

330

279

278

277

276

278

279

278

277

275

274

267

266

262

260

243

244

200

244

248

235

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-972,027
-988,779
-35,499
-33,447
-25,372
-23,623
-29,652
-29,363
-30,510
-34,806
-18,495
-22,127
-22,695
-439
3,043
1,126
969
765
-569
-2,817
-3,566
-1,898
19,862
0
0
0
29,873
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-334,202
-333,492
0
0

-333,492

-334,202

29,873

19,862

-1,898

-3,566

-2,817

-569

765

969

1,126

3,043

-439

-22,695

-22,127

-18,495

-34,806

-30,510

-29,363

-29,652

-23,623

-25,372

-33,447

-35,499

-988,779

-972,027

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-28,895
0
0
0
-36,929
0
0
0
-3,284
-45,871
0
0
-15,167
-60,838
-64,297
-67,757
-14,377
-11,275
-9,108
-7,750
-6,502
-4,697
-4,139
-5,056
-98,655
-1,174
-105,030
-107,125
10,759
13,833
12,695
14,593
20,130
8,901
11,684
12,155
11,822
13,719
12,949
14,756
17,783
16,689
14,032
14,856
14,368
14,789
14,592
18,178
10,788
8,128
10,825
13,771
14,103
14,448
12,613
13,702
15,330
15,725
7,279
5,327
7,181
7,589
8,147
6,375
7,555
9,786
9,982
8,970
9,538
8,741
6,024
7,109
6,223
3,820
4,555
875
27,910
26,268
6,074
8,456
5,731
-3,079
-3,124
-2,719
-822
1,335
2,138
2,513
1,299
342
-3,459
-4,809
-3,432
-12,131
-10,735
-8,865
-7,149
-5,377
-3,633
-1,828
0
0
0
0
0
0
0
0
0

-1,828

-3,633

-5,377

-7,149

-8,865

-10,735

-12,131

-3,432

-4,809

-3,459

342

1,299

2,513

2,138

1,335

-822

-2,719

-3,124

-3,079

5,731

8,456

6,074

26,268

27,910

875

4,555

3,820

6,223

7,109

6,024

8,741

9,538

8,970

9,982

9,786

7,555

6,375

8,147

7,589

7,181

5,327

7,279

15,725

15,330

13,702

12,613

14,448

14,103

13,771

10,825

8,128

10,788

18,178

14,592

14,789

14,368

14,856

14,032

16,689

17,783

14,756

12,949

13,719

11,822

12,155

11,684

8,901

20,130

14,593

12,695

13,833

10,759

-107,125

-105,030

-1,174

-98,655

-5,056

-4,139

-4,697

-6,502

-7,750

-9,108

-11,275

-14,377

-67,757

-64,297

-60,838

-15,167

-45,871

-3,284

-36,929

-28,895

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
461,917
462,229
462,392
464,963
465,236
465,503
465,678
467,110
467,357
467,600
467,843
469,569
470,639
470,892
753,635
762,483
762,703
762,918
1,033,896
1,035,160
1,035,318
1,035,551
1,085,136
1,085,896
1,135,726
1,173,588
1,173,588
1,254,780
1,254,516
1,295,709
1,289,919
1,288,861
1,333,874
1,336,779
1,369,919
1,406,822
1,419,228
1,467,289
1,505,948
1,505,001
1,505,265
1,510,804
1,540,946
1,594,336
1,589,205
1,590,194
1,591,182
1,596,258
1,597,679
1,598,385
1,599,427
1,601,257
1,602,026
0
0

1,602,026

1,601,257

1,599,427

1,598,385

1,597,679

1,596,258

1,591,182

1,590,194

1,589,205

1,594,336

1,540,946

1,510,804

1,505,265

1,505,001

1,505,948

1,467,289

1,419,228

1,406,822

1,369,919

1,336,779

1,333,874

1,288,861

1,289,919

1,295,709

1,254,516

1,254,780

1,173,588

1,135,726

1,085,896

1,085,136

1,035,551

1,035,318

1,035,160

1,033,896

762,918

762,703

762,483

753,635

470,892

470,639

469,569

467,843

467,600

467,357

467,110

465,678

465,503

465,236

464,963

462,392

462,229

461,917

Treasury Stock

Other Stockholders Equity

0
0
0
-1,700
-5,400
500
-500
77,200
74,500
68,000
-10,200
60,800
159,800
156,600
147,500
145,200
134,900
173,000
68,600
228,600
215,700
217,300
206,400
424,099
218,200
202,200
190,700
471,064
761,700
153,300
110,400
425,449
62,300
45,700
22,500
425,963
469,000
476,674
500,009
429,260
511,693
426,260
424,871
435,399
436,949
439,638
439,829
538,137
440,506
549,105
553,971
441,178
441,319
422,218
422,241
422,987
424,770
425,330
425,651
464,211
426,269
423,252
461,187
423,603
423,719
423,966
424,055
424,146
424,532
424,330
424,364
458,699
421,404
-485,602
421,634
459,945
-532,585
423,785
424,097
462,722
426,831
465,515
427,371
465,859
428,978
429,225
467,975
467,398
431,437
432,507
432,760
753,173
762,224
724,571
724,786
1,034,119
1,034,980
997,186
997,419
1,085,046
1,086,164
1,135,800
1,174,044
1,173,319
1,254,701
1,254,392
1,295,990
1,290,097
1,289,196
1,334,012
1,336,292
1,370,218
1,407,164
1,418,769
1,467,480
1,505,516
1,504,870
1,505,530
1,510,939
1,540,797
1,594,336
1,589,205
1,590,194
1,591,182
1,596,258
1,597,679
1,598,385
1,599,427
-1,098,619
-1,136,919
-1,175,122
-1,213,326

-1,213,326

-1,175,122

-1,136,919

-1,098,619

1,599,427

1,598,385

1,597,679

1,596,258

1,591,182

1,590,194

1,589,205

1,594,336

1,540,797

1,510,939

1,505,530

1,504,870

1,505,516

1,467,480

1,418,769

1,407,164

1,370,218

1,336,292

1,334,012

1,289,196

1,290,097

1,295,990

1,254,392

1,254,701

1,173,319

1,174,044

1,135,800

1,086,164

1,085,046

997,419

997,186

1,034,980

1,034,119

724,786

724,571

762,224

753,173

432,760

432,507

431,437

467,398

467,975

429,225

428,978

465,859

427,371

465,515

426,831

462,722

424,097

423,785

-532,585

459,945

421,634

-485,602

421,404

458,699

424,364

424,330

424,532

424,146

424,055

423,966

423,719

423,603

461,187

423,252

426,269

464,211

425,651

425,330

424,770

422,987

422,241

422,218

441,319

441,178

553,971

549,105

440,506

538,137

439,829

439,638

436,949

435,399

424,871

426,260

511,693

429,260

500,009

476,674

469,000

425,963

22,500

45,700

62,300

425,449

110,400

153,300

761,700

471,064

190,700

202,200

218,200

424,099

206,400

217,300

215,700

228,600

68,600

173,000

134,900

145,200

147,500

156,600

159,800

60,800

-10,200

68,000

74,500

77,200

-500

500

-5,400

-1,700

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	34,304	25,905	23,181	25,189	26,313	19,890	17,476	20,003	19,397	15,718	8,011	4,301	3,483	3,388	2,754	4,359	7,434	17,573	23,097	24,377	27,473	23,919	19,787	8,065	828	-4,804	-2,634	1,131	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	0	0	0	-7,149	-3,432	1,299	-822	5,731	27,910	6,223	9,538	7,555	7,181	15,330	14,103	10,788	14,368	17,783	11,822	20,130	10,759	-98,655	-6,502	-14,377	-15,167	-3,284	-36,929	-28,895	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	1,289,919	1,173,588	0	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	8,838	10,638	10,638	10,638	21,275	21,325	0	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	434	434	459	452	446	427	0	0	0	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	1,599,427	1,591,182	1,540,946	1,505,948	1,369,919	1,289,919	1,173,588	1,085,136	1,033,896	753,635	467,843	465,678	462,392	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	22,347	19,291	37,412	43,344	5,215	4,659	3,063	4,832	13,286	3,287	11,312	9,172	15,886	2,664	45,718	100,242	75,356	177,765	132,469	161,215	93,687	43,062	13,603	47,249	16,723	20,407	64,915	3,400	0	0	0	0	0
Cash And Equivalents	0	19,291	37,412	43,344	5,215	4,659	3,063	4,832	0	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	22,347	19,291	37,412	43,344	5,215	4,659	3,063	4,832	13,286	3,287	11,312	9,172	27,250	25,140	67,040	126,836	131,172	241,410	190,154	228,445	120,522	58,825	40,876	86,359	66,423	20,407	64,915	3,400	0	0	0	0	0
Common Stock	434	434	459	452	446	427	415	398	384	375	330	279	278	277	276	276	278	278	278	275	267	266	260	244	244	244	248	235	0	0	0	0	0
Common Stock Shares Outstanding	43,389	44,794	45,729	44,698	43,703	42,092	41,151	39,155	37,644	33,416	28,398	27,839	27,793	27,733	27,618	27,732	27,784	27,779	27,831	27,531	26,986	26,853	24,467	24,565	24,368	28,689	25,171	27,236	17,309	13,684	12,513	7,479	7,241
Common Stock Total Equity	0	434	459	452	446	427	415	398	384	375	330	279	278	277	276	276	278	278	278	275	267	266	260	244	244	244	248	235	0	0	0	0	0
Current Deferred Revenue	6,009	5,052	5,725	12,614	19,750	5,954	0	871	3,573	1,071	3,901	1,334	1,673	1,461	885	115	137	163	0	3,285	3,595	4,797	5,955	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	5,052	5,725	12,614	10,146	5,954	2,563	871	3,573	1,071	3,901	1,334	1,673	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	359,605	0	0	434,473	0	0	0	0	0	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	2,488,480	2,507,424	2,838,876	3,120,489	3,042,235	2,750,570	2,545,821	2,403,633	2,146,349	1,982,960	1,455,820	705,981	579,563	509,341	459,360	457,106	500,732	595,464	587,932	631,371	624,366	651,064	672,630	766,977	788,545	769,198	756,599	751,097	641,900	636,300	427,700	259,300	238,600
Long Term Debt	1,135,051	1,147,511	1,242,883	1,499,285	1,440,465	1,281,675	1,145,497	1,115,981	926,257	862,726	617,080	203,250	97,300	37,765	0	2,595	4,412	9,512	113,747	151,784	158,026	195,880	222,748	264,159	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	1,147,511	1,242,883	1,499,285	1,440,465	1,281,675	1,145,497	1,115,981	926,257	862,726	617,080	203,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	299,952	292,427	0	246,111	141,486	133,493	135,031	101,762	98,771	123,993	146,185	150,450	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	1,112,704	1,128,220	1,214,309	1,466,579	1,445,888	1,287,654	1,163,709	1,132,474	934,246	881,087	628,543	194,078	81,414	35,101	-45,718	-96,255	-65,844	-64,273	-15,016	-5,667	69,764	160,334	213,504	376,692	427,888	348,248	209,782	306,343	255,200	387,000	309,300	153,100	225,900
Net Invested Capital	2,389,003	2,417,736	2,749,966	3,011,519	2,938,096	2,671,388	2,467,614	0	0	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	334,900	314,998	399,360	390,724	429,399	358,112	244,032	215,028	198,064	102,602	81,602	96,620	9,890	471	2,189	1,734	143,554	105,665	124,381	118,456	154,201	208,093	230,814	323,883	327,168	398,716	450,788	524,611	6,100	0	0	0	0
Net Tangible Assets	0	1,280,050	1,507,083	1,512,234	1,497,631	1,389,713	1,322,117	1,209,590	1,133,292	1,039,925	766,546	457,182	443,485	442,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	285,139	309,809	435,071	411,878	437,175	348,134	229,619	163,123	157,089	60,236	56,709	76,975	9,513	10,399	48,516	101,194	32,155	133,598	92,550	117,299	46,796	2,719	-25,742	381,542	354,291	384,823	477,903	496,311	0	0	0	0	0
Non Current Assets Total	2,123,959	2,127,608	2,333,633	2,683,422	2,578,747	2,382,546	2,298,726	2,183,773	1,933,653	1,877,071	1,362,906	598,578	542,423	478,802	390,131	328,536	225,587	298,844	320,814	345,400	370,475	394,655	425,037	391,612	441,473	347,328	237,226	220,817	123,200	0	0	0	0
Non Current Liabilities Other	0	0	8,838	0	0	0	0	0	750	3,000	2,600	4,256	9,478	7,475	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,135,051	1,147,511	1,251,721	1,509,923	1,451,103	1,292,313	1,166,772	1,137,306	948,282	887,374	642,455	207,506	108,451	46,701	4,035	115	9,500	113,500	117,500	155,500	163,500	203,400	227,100	340,900	356,600	310,200	274,700	309,700	255,200	387,000	309,300	153,100	225,900
Non Currrent Assets Other	2,115,481	965	7,472	6,783	-308	2,382,546	2,298,726	2,172,028	1,853,252	1,814,012	1,302,630	547,562	109,496	113,016	128,138	109,072	-225,587	-298,844	-320,814	-345,400	-370,475	-394,655	-425,037	-391,612	-441,473	-347,328	-237,226	-220,817	-123,200	-118,200	-113,400	-102,900	-99,300
Noncontrolling Interest In Consolidated Entity	0	9,856	9,900	10,711	0	0	0	0	9,168	10,008	10,614	10,865	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	45,527	2,538,924	2,784,718	304,266	210,333	100,673	103,226	5,977	41,281	57,162	5,430	30,824	37,551	33,550	432	197,890	112,722	129,068	118,372	155,895	206,490	225,635	-34,877	-46,519	2,747	3,670	2,269	512,600	636,300	427,700	259,300	238,600
Other Current Assets	-352,331	45,527	-433,562	-431,474	-431,402	5,253	13,220	8,208	1,346	21,648	0	1,611	0	4,928	0	0	-197,471	-163,177	-176,485	-179,302	-176,727	-216,999	-249,732	0	0	0	0	0	0	0	0	0	0
Other Current Liab	-36,356	-376,358	-34,123	-408,553	45,587	19,890	39,456	20,003	19,397	15,718	8,011	24,793	24,144	16,752	17,959	18,915	37,666	32,727	22,403	25,923	23,727	23,281	27,913	-62,365	-49,528	-19,396	40,434	30,569	0	0	0	0	0
Other Liab	0	5,052	14,563	23,252	30,388	16,592	22,449	21,325	23,531	54,583	53,569	30,383	35,295	25,688	21,994	19,145	37,648	29,350	19,040	22,515	20,389	18,728	22,800	13,916	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	-1,213,326	1,599,427	1,591,182	1,540,946	1,505,948	1,369,919	1,290,097	1,173,319	1,085,046	995,764	715,503	429,711	427,546	424,260	421,710	420,779	424,146	423,603	464,211	422,987	441,178	538,137	435,399	429,260	425,963	425,449	471,064	424,099	228,600	145,200	60,800	77,200	-1,700
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	18,700	18,700	18,700	21,700	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	394,795	327,654	223,861	181,332	187,455	235,199	263,129	278,170	289,465	304,394	323,266	278,004	316,021	245,538	200,069	184,255	123,200	118,200	113,400	102,900	99,300
Property Plant And Equipment Net	0	2,118,210	2,317,880	2,667,432	2,560,393	0	0	0	0	0	0	0	394,795	327,654	223,861	181,332	187,455	235,199	263,129	278,170	289,465	304,394	323,266	278,004	316,021	245,538	200,069	184,255	123,200	118,200	113,400	102,900	99,300
Property Plant Equipment	0	2,161,512	2,317,880	2,667,432	2,560,393	2,366,882	2,285,701	2,159,774	1,838,153	1,776,549	1,247,740	535,390	394,795	327,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	2,466,844	-329,636	-84,558	-22,015	-5,331	18,068	32,605	29,873	19,862	-569	3,043	-18,495	-29,652	-35,499	-39,609	-40,360	-30,786	-48,125	-51,521	-55,985	-61,260	-58,019	-50,064	-36,418	-37,117	-16,971	-11,145	-12,009	128,400	78,700	39,800	15,400	2,100
Retained Earnings Total Equity	0	0	0	0	0	0	0	29,873	19,862	-569	3,043	-18,495	-29,652	-35,499	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	493	0	1,146,244	1,120,260	921,173	867,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,135,051	1,147,511	1,251,721	1,509,923	1,451,103	1,292,313	1,166,772	1,137,306	947,532	884,374	639,855	203,250	97,300	37,765	0	3,987	9,512	113,492	117,453	155,548	163,451	203,396	227,107	423,941	444,611	368,655	274,697	309,743	255,200	387,000	309,300	153,100	225,900
Short Term Debt	75,425	415,408	75,389	458,371	1,230	22,810	21,275	15,860	13,240	13,146	16,282	0	-1,673	-1,461	-885	3,987	-137	-163	0	-3,285	-3,595	-4,797	-5,955	83,000	88,000	58,500	0	0	0	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	11,745	72,744	15,503	12,650	12,884	11,364	22,476	21,322	26,594	55,816	63,645	57,685	67,230	26,835	15,763	27,273	39,110	49,700	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	2,488,480	2,507,424	2,838,876	3,120,489	3,042,235	2,750,570	2,545,821	2,403,633	2,146,349	1,982,960	1,455,820	705,981	579,563	509,341	459,360	457,106	500,732	595,464	587,932	631,371	624,366	651,064	672,630	766,977	788,545	769,198	756,599	751,097	641,900	636,300	427,700	259,300	238,600
Total Current Assets	364,521	379,816	505,243	437,067	463,488	368,024	247,095	219,860	212,696	105,889	92,914	107,403	37,140	30,539	69,229	128,570	77,255	183,898	138,050	167,599	97,996	49,919	21,958	410,242	393,591	419,123	515,703	528,011	6,100	0	0	0	0
Total Current Liabilities	79,382	70,007	70,172	87,621	92,880	68,544	56,932	56,737	55,607	45,653	36,205	30,428	27,627	20,140	20,713	27,376	45,100	50,300	45,500	50,300	51,200	47,200	47,700	28,700	39,300	34,300	37,800	31,700	0	0	0	0	0
Total Liab	1,214,433	1,217,518	1,321,893	1,597,544	1,543,983	1,360,857	1,223,704	1,194,043	1,003,889	933,027	678,660	237,934	136,078	66,841	24,748	27,491	54,594	163,793	162,964	205,832	214,722	250,635	274,837	369,568	395,905	344,538	312,519	341,414	284,900	412,400	327,100	166,700	238,200
Total Permanent Equity	0	0	0	0	0	0	1,322,117	1,209,590	0	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	1,253,952	1,270,225	1,507,083	1,512,234	1,497,631	1,389,713	1,322,117	1,209,590	1,133,292	1,039,925	766,546	457,182	443,485	442,500	434,612	429,615	446,138	431,671	424,968	425,539	409,644	400,429	397,793	397,409	392,640	424,660	444,080	409,683	357,000	223,900	100,600	92,600	400
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	9,825	0	0	0	0	0	0	0	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	34,304	29,326	28,952	24,626	25,905	22,997	25,336	19,112	23,181	20,886	25,728	23,673	25,189	32,144	33,026	34,701	26,313	28,625	27,104	22,532	19,890	18,750	16,814	16,514	17,476	19,144	18,301	21,599	20,003	36,090	26,235	24,805	19,397	19,887	14,432	14,822	15,718	12,583	11,084	7,058	8,011	7,809	3,894	3,590	4,301	4,114	3,933	2,818	3,483	3,915	3,268	2,782	3,388	2,835	2,868	2,688	2,754	3,517	4,152	4,193	4,359	3,943	6,857	7,697	7,434	6,690	3,933	6,755	17,573	6,023	19,834	22,897	23,097	32,209	29,618	34,630	24,377	25,984	25,408	31,171	27,473	29,463	27,017	25,790	23,919	21,622	23,284	23,067	19,787	17,682	12,999	13,245	8,065	7,570	3,918	7,061	828	0	0	0	-4,804	0	0	0	-2,634	0	0	0	1,131	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	-	-	-	-
Accumulated Depreciation	0	0	-638,631	-625,743	0	-599,423	-593,036	-582,175	0	-593,215	-622,943	-618,299	0	-576,605	-555,762	-534,905	0	-494,834	-487,591	-468,562	0	-433,484	-415,332	-397,538	0	-363,035	-345,992	-329,173	0	-297,193	-281,963	-272,783	0	-245,409	-233,202	-225,304	0	-202,605	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	-1,828	-3,633	-5,377	-7,149	-8,865	-10,735	-12,131	-3,432	-4,809	-3,459	342	1,299	2,513	2,138	1,335	-822	-2,719	-3,124	-3,079	5,731	8,456	6,074	26,268	27,910	875	4,555	3,820	6,223	7,109	6,024	8,741	9,538	8,970	9,982	9,786	7,555	6,375	8,147	7,589	7,181	5,327	7,279	15,725	15,330	13,702	12,613	14,448	14,103	13,771	10,825	8,128	10,788	18,178	14,592	14,789	14,368	14,856	14,032	16,689	17,783	14,756	12,949	13,719	11,822	12,155	11,684	8,901	20,130	14,593	12,695	13,833	10,759	-107,125	-105,030	-1,174	-98,655	-5,056	-4,139	-4,697	-6,502	-7,750	-9,108	-11,275	-14,377	-67,757	-64,297	-60,838	-15,167	0	0	-45,871	-3,284	0	0	0	-36,929	0	0	0	-28,895	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,289,919	1,295,709	1,254,516	1,254,780	1,173,588	1,173,588	1,135,726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,838	8,838	9,438	10,638	10,638	10,638	10,638	10,638	10,638	10,638	10,638	10,638	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	434	434	434	434	434	434	447	459	459	459	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,602,026	1,601,257	1,599,427	1,598,385	1,597,679	1,596,258	1,591,182	1,590,194	1,589,205	1,594,336	1,540,946	1,510,804	1,505,265	1,505,001	1,505,948	1,467,289	1,419,228	1,406,822	1,369,919	1,336,779	1,333,874	1,288,861	1,289,919	1,295,709	1,254,516	1,254,780	1,173,588	1,173,588	1,135,726	1,085,896	1,085,136	1,035,551	1,035,318	1,035,160	1,033,896	762,918	762,703	762,483	753,635	470,892	470,639	469,569	467,843	467,600	467,357	467,110	465,678	465,503	465,236	464,963	462,392	462,229	461,917	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,347	16,579	17,411	13,875	19,291	28,811	43,435	36,121	37,412	48,393	32,544	113,375	43,344	42,198	46,853	46,049	5,215	5,882	5,635	5,177	4,659	2,638	3,045	3,230	3,063	3,926	3,470	5,685	4,832	4,197	3,876	28,808	13,286	14,197	3,293	4,190	3,287	3,559	7,157	6,245	11,312	7,450	36,469	6,050	9,172	4,410	9,800	6,927	15,886	15,484	21,901	21,097	2,664	2,451	11,744	4,363	45,718	63,571	65,254	104,935	100,242	97,437	94,810	90,945	75,356	114,784	170,815	171,942	177,765	155,231	155,686	129,252	132,469	135,915	133,345	126,053	161,215	127,006	124,776	102,212	93,687	49,153	30,729	16,465	43,062	58,372	39,629	12,430	13,603	17,652	19,864	6,577	47,249	13,738	19,787	17,153	16,723	12,700	3,300	3,300	20,407	0	0	90,800	64,915	14,100	5,400	3,800	3,400	1,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Cash And Equivalents	0	0	17,411	13,875	19,291	28,811	43,435	36,121	37,412	48,393	32,544	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,347	16,579	17,411	13,875	19,291	28,811	43,435	36,121	37,412	48,393	32,544	113,375	43,344	42,198	46,853	46,049	5,215	5,882	5,635	5,177	4,659	2,638	3,045	3,230	3,063	3,926	3,470	5,685	4,832	4,197	3,876	28,808	13,286	14,197	3,293	4,190	3,287	3,559	7,157	6,245	11,312	7,450	36,469	6,050	9,172	16,216	22,942	18,699	27,250	24,994	32,273	42,475	25,140	23,305	31,576	26,029	67,040	86,531	88,980	126,624	126,836	136,060	136,542	137,499	131,172	137,371	192,578	196,362	241,410	215,850	214,498	188,834	190,154	193,933	190,892	180,817	228,445	188,699	145,415	124,823	120,522	71,463	50,546	31,939	58,825	81,090	62,788	35,031	40,876	44,463	50,376	42,357	86,359	52,062	68,894	102,731	66,423	12,700	3,300	3,300	20,407	19,600	20,800	90,800	64,915	14,100	5,400	3,800	3,400	1,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock	434	434	434	434	434	434	447	459	459	459	459	459	452	447	447	447	446	440	434	432	427	422	422	415	415	415	410	410	398	398	392	384	384	376	376	376	375	331	331	330	330	279	279	279	279	278	278	278	278	277	277	277	277	277	277	276	276	276	276	276	276	278	278	278	278	278	278	278	278	278	278	279	278	278	278	277	275	274	274	267	267	266	266	266	266	266	266	262	260	243	244	244	244	244	244	244	244	200	0	0	244	0	0	0	248	0	0	0	235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	43,389	43,389	43,389	43,391	43,393	44,403	45,719	45,851	45,851	45,851	45,858	45,358	44,861	44,662	44,650	44,618	44,329	43,861	43,498	43,125	42,569	42,434	41,787	41,577	41,804	41,448	41,245	40,109	39,993	39,652	38,561	38,415	37,741	37,583	37,607	37,645	37,558	33,089	33,087	33,085	29,861	27,906	27,914	27,912	27,868	27,863	27,821	27,803	27,776	27,790	27,800	27,796	27,697	27,738	27,729	27,681	27,632	27,642	27,592	27,582	27,575	27,786	27,777	27,786	27,731	27,786	27,800	27,777	27,703	27,699	27,768	27,859	27,843	27,860	27,851	27,775	27,581	27,769	27,534	27,072	26,782	26,999	26,976	26,945	26,689	26,925	26,930	26,903	26,073	24,406	24,392	27,507	24,392	24,384	24,638	24,383	24,383	24,444	24,375	24,308	24,308	25,588	25,735	25,217	25,429	25,135	25,000	24,857	24,857	22,817	22,464	21,791	17,286	18,615	15,806	14,918	16,774	16,774	15,000	15,000	12,553	12,553	12,500	12,353	7,692	7,692	7,500	7,250	7,143	7,143	7,143	7,143
Common Stock Total Equity	0	0	434	434	434	434	447	459	459	459	459	459	452	447	447	447	446	440	434	432	427	422	422	415	415	415	410	410	398	398	392	384	384	376	376	376	375	331	331	330	330	279	279	279	279	278	278	278	278	277	277	277	277	277	277	276	276	276	276	276	276	278	278	278	278	278	278	278	278	278	278	279	278	278	278	277	275	274	274	267	267	266	266	266	266	266	266	262	260	243	244	244	244	244	244	244	244	200	0	244	244	0	0	0	248	0	0	0	235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	6,009	5,432	5,284	4,944	5,052	5,094	4,282	4,285	5,725	6,694	9,209	10,972	12,614	14,207	16,371	17,373	19,750	21,590	22,641	24,550	5,954	5,218	5,833	0	0	0	0	0	871	784	477	1,013	3,573	2,472	2,643	2,827	1,071	1,372	1,415	1,701	3,901	1,185	1,230	1,294	1,334	0	1,643	1,633	1,673	1,714	0	1,423	1,461	1,446	1,460	1,286	885	648	661	110	-217	120	125	131	137	143	149	191	163	0	3,038	3,085	0	3,197	3,275	3,313	3,285	3,365	3,422	3,525	3,595	3,686	4,249	4,403	4,797	0	5,335	5,698	5,955	6,233	6,701	-274	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-
Deferred Long Term Liab	0	11,392	5,284	4,944	5,052	5,094	4,282	4,285	5,725	6,694	9,209	10,972	12,614	14,207	16,371	17,373	10,146	21,590	22,641	24,550	5,954	5,218	5,833	0	0	0	0	0	871	784	477	1,013	3,573	2,472	2,643	2,827	1,071	1,372	1,415	1,701	3,901	1,185	1,230	1,294	1,334	1,374	1,643	1,633	1,673	1,714	1,480	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	359,605	355,879	338,588	341,242	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-96,510	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,488,480	2,499,090	2,498,495	2,533,230	2,507,424	2,508,785	2,587,291	2,802,503	2,838,876	2,912,177	3,077,445	3,183,273	3,120,489	3,139,273	3,166,971	3,167,835	3,042,235	3,019,360	2,997,381	2,806,268	2,750,570	2,671,009	2,673,236	2,559,428	2,545,821	2,519,932	2,511,042	2,515,979	2,403,633	2,387,770	2,335,454	2,159,234	2,146,349	2,133,125	2,012,820	2,019,716	1,982,960	1,488,168	1,483,127	1,473,202	1,455,820	917,114	887,234	700,141	705,981	675,273	598,400	572,904	579,563	522,297	521,959	522,139	509,341	497,173	509,909	497,880	459,360	456,616	453,223	449,694	457,106	471,300	472,067	477,031	500,732	500,205	581,720	582,971	595,464	584,370	587,660	585,165	587,932	594,997	596,243	594,970	631,371	617,154	618,960	622,237	624,366	625,158	622,032	613,549	651,064	666,671	674,974	666,711	672,630	702,323	693,847	716,669	766,977	772,857	787,129	789,784	788,545	806,500	801,100	786,800	769,198	724,900	754,300	754,500	756,599	847,700	802,700	767,500	751,097	717,200	666,400	670,800	641,900	651,900	607,700	647,400	636,300	641,400	465,200	456,800	427,700	353,300	352,700	376,200	259,300	244,600	248,600	244,400	238,600	-	-	-
Long Term Debt	1,135,051	1,144,438	1,134,815	1,176,014	1,147,511	1,114,999	1,104,495	1,249,044	1,242,883	1,285,287	1,434,744	1,524,725	1,499,285	1,528,968	1,554,241	1,548,904	1,440,465	1,449,360	1,471,787	1,287,205	1,281,675	1,220,135	1,225,720	1,160,226	1,145,497	1,111,292	1,145,005	1,145,691	1,115,981	1,086,018	1,072,835	937,138	926,257	1,009,144	893,032	899,420	862,726	640,963	638,019	629,033	617,080	391,362	386,778	203,250	203,250	194,250	120,000	95,300	97,300	48,125	48,750	49,375	37,765	0	0	0	0	1,400	2,762	2,762	2,595	5,705	7,857	8,831	4,412	10,966	112,059	112,783	9,512	114,946	115,938	116,593	113,546	119,028	119,983	121,010	151,784	156,845	157,793	158,514	158,026	169,616	167,464	168,177	195,880	215,929	219,313	224,947	222,748	277,285	263,521	280,209	264,159	355,312	357,731	362,134	0	0	0	0	0	0	0	0	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	1,134,815	1,176,014	1,147,511	1,114,999	1,104,495	1,249,044	1,242,883	1,285,287	1,434,744	1,524,725	1,499,285	1,528,968	1,554,241	1,548,904	1,440,465	1,449,360	1,471,787	1,287,205	1,281,675	1,220,135	1,225,720	1,160,226	1,145,497	1,111,292	1,145,005	1,145,691	1,115,981	1,086,018	1,072,835	937,138	926,257	1,009,144	893,032	899,420	862,726	640,963	638,019	629,033	617,080	391,362	386,778	203,250	203,250	194,250	0	0	0	48,125	48,750	49,375	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	13,167	26,670	0	32,608	260,946	448,378	299,952	302,051	306,758	301,318	292,427	287,282	300,130	286,320	0	333,736	310,199	261,226	246,111	155,461	149,676	145,845	141,486	149,299	141,107	150,098	133,493	183,993	160,062	150,720	135,031	157,306	146,280	139,661	101,762	98,860	98,986	99,003	98,771	97,499	104,972	119,802	123,993	117,457	149,712	145,366	146,185	146,841	144,029	144,796	150,450	145,286	147,639	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-
Net Debt	1,112,704	1,127,859	1,117,404	1,162,139	1,128,220	1,086,188	1,061,060	1,212,923	1,214,309	1,245,732	1,411,638	1,421,988	1,466,579	1,497,408	1,518,026	1,513,493	1,445,888	1,454,116	1,476,790	1,292,666	1,287,654	1,238,772	1,244,000	1,178,271	1,163,709	1,129,741	1,163,910	1,162,481	1,132,474	1,103,096	1,090,234	929,605	934,246	1,016,222	911,014	916,505	881,087	660,179	653,637	645,563	628,543	383,912	350,309	197,200	194,078	189,840	110,200	97,851	81,414	32,641	26,849	28,278	35,101	25,783	32,079	33,572	-45,718	-62,171	-62,492	-102,173	-96,255	-91,732	-86,953	-82,114	-65,844	-103,818	-58,756	-59,159	-64,273	-40,285	-39,748	-12,659	-15,016	-16,887	-13,362	-5,043	-5,667	29,839	33,017	56,302	69,764	120,463	136,735	151,712	160,334	157,557	179,684	212,517	213,504	270,281	288,899	334,105	376,692	431,574	428,944	438,981	427,888	347,200	343,200	331,900	348,248	253,600	254,700	166,600	209,782	358,400	329,400	299,300	306,343	298,200	254,400	274,700	255,200	327,700	308,700	395,300	387,000	402,700	233,400	229,700	309,300	236,800	240,800	266,500	153,100	224,100	224,800	230,300	225,900	-	-	-
Net Invested Capital	2,389,003	2,404,549	2,403,783	1,267,489	2,417,736	2,421,369	2,496,715	2,728,337	2,749,966	2,824,344	2,981,459	3,076,910	3,011,519	3,022,017	3,046,600	3,044,462	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	-	-	-	-
Net Receivables	334,900	331,684	312,565	307,062	314,998	289,128	283,974	411,129	399,360	384,503	381,900	399,672	390,724	379,700	389,220	375,584	429,399	401,054	388,088	335,468	358,112	281,344	268,156	256,854	244,032	245,772	228,133	229,825	215,028	254,954	226,001	219,767	198,064	176,107	150,050	145,701	102,602	94,333	89,554	85,999	81,602	77,574	82,191	95,951	96,620	11,030	11,048	11,141	9,890	8,163	7,106	7,080	471	4,379	3,640	3,701	2,189	98,372	2,062	2,670	1,734	2,657	1,623	115,316	143,554	82,489	106,311	100,645	105,665	118,218	120,354	129,511	124,381	126,309	132,490	138,068	118,456	143,623	146,500	148,118	154,201	178,464	182,200	188,695	208,093	198,768	220,478	234,478	230,814	254,208	300,353	321,305	323,883	358,680	352,740	357,841	327,168	0	7,800	6,700	398,716	5,300	4,400	5,400	450,788	0	5,400	5,300	524,611	5,700	5,700	7,400	6,100	5,500	4,000	4,400	0	4,600	3,200	0	0	3,400	3,000	0	0	0	0	0	-	-	-	-
Net Tangible Assets	0	1,260,111	1,279,140	1,277,009	1,280,050	1,317,567	1,392,220	1,479,293	1,507,083	1,539,057	1,546,715	1,552,185	1,512,234	1,493,049	1,492,359	1,495,558	1,497,631	1,462,366	1,419,045	1,415,984	1,389,713	1,363,400	1,361,372	1,319,881	1,322,117	1,327,667	1,286,426	1,287,284	1,209,590	1,206,990	1,169,571	1,130,572	1,133,292	1,034,904	1,036,683	1,036,539	1,039,925	771,123	770,027	772,680	766,546	479,702	458,205	457,507	457,182	439,447	445,272	445,614	443,485	447,484	447,420	447,518	442,500	440,506	438,523	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	285,139	287,227	271,701	280,639	309,809	283,406	314,270	514,576	435,071	381,493	360,822	427,852	411,878	389,754	403,047	397,497	370,608	339,386	313,101	262,326	299,480	217,783	206,382	202,038	190,163	191,100	174,367	174,981	163,123	186,414	167,926	188,193	157,089	137,360	112,804	100,311	60,236	58,482	58,760	58,035	56,709	55,541	94,658	79,353	76,975	4,486	2,505	-517	9,513	12,183	19,070	29,732	10,399	-20,137	-27,385	7,146	48,516	67,926	68,644	110,015	101,194	80,794	74,233	67,310	32,155	86,213	138,254	139,648	130,898	121,713	118,052	92,044	92,550	91,764	87,869	79,889	117,299	87,112	80,957	57,574	46,796	-46,942	-48,661	-43,975	2,719	-40,334	-48,151	-42,578	-25,742	-29,174	-30,972	-26,586	381,542	389,242	382,234	423,872	354,291	-22,700	-25,100	-22,600	384,823	-11,600	-14,600	59,600	481,403	-19,500	-22,900	-23,600	496,311	-26,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Assets Total	2,123,959	2,138,036	2,153,489	2,183,971	2,127,608	2,158,238	2,203,213	2,223,265	2,333,633	2,461,838	2,640,420	2,670,226	2,683,422	2,717,375	2,730,898	2,735,637	2,578,747	2,583,605	2,589,010	2,451,501	2,382,546	2,387,027	2,402,035	2,299,344	2,298,726	2,270,234	2,279,439	2,280,469	2,183,773	2,128,619	2,105,577	1,910,659	1,933,653	1,941,475	1,851,010	1,869,825	1,877,071	1,390,276	1,386,416	1,380,958	1,362,906	832,090	766,963	596,529	598,578	648,027	564,410	543,064	542,423	489,140	482,580	472,584	478,802	469,489	474,693	468,150	390,131	367,946	361,833	320,207	328,536	221,415	221,543	223,562	227,905	264,670	267,321	270,972	292,654	297,903	298,623	313,727	320,814	324,028	321,619	322,218	328,986	340,191	340,448	363,313	353,952	390,025	402,522	401,675	391,003	405,020	410,979	417,125	409,295	428,268	334,527	-599	391,612	397,639	410,401	411,060	441,473	298,800	254,300	252,300	347,328	199,200	200,000	200,900	237,226	198,600	180,600	182,400	220,817	185,200	120,500	122,100	123,200	124,600	115,700	117,000	0	118,800	114,200	0	0	111,500	106,300	0	0	0	0	0	-	-	-	-
Non Current Liabilities 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	750	750	750	750	3,750	3,000	3,000	3,000	4,000	4,000	4,000	2,600	5,856	5,856	4,256	4,256	6,478	9,478	9,478	9,478	4,000	4,000	4,000	7,475	7,400	7,325	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Liabilities Total	1,135,051	1,144,438	1,134,815	1,176,014	1,147,511	1,114,999	1,104,495	1,249,044	1,251,721	1,294,125	1,444,182	1,535,363	1,509,923	1,539,606	1,564,879	1,559,542	1,451,103	1,459,998	1,482,425	1,297,843	1,292,313	1,241,410	1,247,045	1,181,501	1,166,772	1,133,667	1,167,380	1,168,166	1,137,306	1,108,043	1,094,860	959,163	948,282	1,034,169	917,307	923,695	887,374	667,738	664,794	655,808	642,455	397,218	392,634	207,506	207,506	202,102	121,643	96,933	108,451	53,839	54,230	54,798	46,701	8,846	8,785	38,471	4,035	20,096	22,085	2,762	115	5,700	7,900	8,800	9,500	11,000	112,100	112,800	113,500	114,900	115,900	116,600	117,500	119,000	120,000	121,000	155,500	156,800	157,800	158,500	163,500	169,600	167,500	168,200	203,400	215,900	219,300	224,900	227,100	277,300	263,500	280,200	340,900	355,300	357,700	362,100	356,600	359,900	346,500	335,100	310,200	253,600	254,700	257,400	274,700	372,500	334,800	303,100	309,700	299,600	254,400	274,700	255,200	327,700	308,700	395,300	387,000	402,700	233,400	229,700	309,300	236,800	240,800	266,500	153,100	224,100	224,800	230,300	225,900	-	-	-
Non Currrent Assets Other	2,115,481	9,476	10,252	11,239	965	14,482	2,203,213	2,223,265	2,333,633	2,461,838	2,640,420	2,670,226	2,683,422	2,717,375	2,730,898	2,735,204	2,578,747	2,583,605	2,589,010	2,451,501	2,382,546	2,387,027	2,402,035	2,299,344	2,298,726	2,270,234	2,279,439	2,280,469	2,172,028	2,104,748	2,074,629	1,844,873	1,853,252	1,859,536	1,789,303	1,806,112	1,814,012	1,329,218	1,324,589	1,319,736	1,302,630	770,942	705,365	535,177	547,562	90,416	113,946	108,621	109,496	109,338	107,146	109,356	113,016	107,647	109,984	107,847	128,138	98,372	105,745	102,694	109,072	-221,415	-221,543	-223,562	2,318	-264,670	-267,321	-270,972	-6,190	-297,903	-298,623	-313,727	-320,814	-324,028	-321,619	-322,218	-16,414	-340,191	-340,448	-363,313	-16,523	-390,025	-402,522	-401,675	-3,652	-405,020	-410,979	-417,125	-15,742	-428,268	-334,527	-349,665	-391,612	-397,639	-410,401	-411,060	-441,473	-298,800	-254,300	-252,300	-347,328	-199,200	-200,000	-200,900	-237,226	-198,600	-180,600	-182,400	-220,817	-185,200	-120,500	-122,100	-123,200	-124,600	-115,700	-117,000	-118,200	-118,800	-114,200	-114,000	-113,400	-111,500	-106,300	-102,200	-102,900	-103,300	-104,500	-98,200	-99,300	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	11,235	11,587	9,856	9,078	9,281	9,504	9,900	10,149	10,345	10,530	10,711	10,953	11,110	11,435	0	627	641	0	0	0	0	0	0	0	0	0	0	0	9,072	9,117	9,168	9,762	9,824	9,902	10,008	9,897	10,355	10,505	10,614	10,711	10,782	10,869	10,865	10,964	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,156,002	15,030	2,220,310	45,527	2,190,846	2,259,882	2,449,992	2,538,924	2,627,569	303,660	320,735	2,784,718	307,782	274,479	296,885	304,266	279,666	270,538	14,122	210,333	117,493	112,026	107,525	2,303,913	2,276,483	2,283,192	2,283,172	2,192,790	2,132,676	2,109,482	1,914,644	1,938,255	1,947,454	1,862,384	1,872,754	1,880,889	1,392,498	1,387,935	1,383,200	1,365,178	833,519	770,471	600,380	600,189	579,915	495,353	476,983	475,115	419,322	416,436	416,679	425,813	416,609	418,438	415,807	316,865	292,811	280,162	239,395	246,490	149,791	154,091	160,759	195,572	114,722	137,545	134,451	118,912	125,954	127,985	136,894	129,068	128,205	134,655	139,363	134,786	145,651	150,255	152,150	172,418	235,075	219,471	211,849	210,142	261,585	263,946	249,564	241,377	274,029	359,292	717,254	-34,877	-35,524	-44,906	-81,848	-46,519	495,000	535,700	524,500	2,747	500,800	529,100	457,400	3,670	635,000	611,300	576,000	2,269	524,900	540,200	541,300	512,600	521,800	488,000	526,000	636,300	518,000	347,800	456,800	427,700	238,400	243,400	376,200	259,300	244,600	248,600	244,400	238,600	-	-	-
Other Current Assets	-352,331	-343,088	-323,558	-312,920	45,527	32,608	56,669	131,988	68,471	17,443	22,581	2,853	2,999	8,916	18,565	10,565	28,874	28,819	14,648	14,122	5,253	8,208	8,208	8,208	8,208	8,208	8,208	0	8,208	0	0	0	1,346	1,346	8,467	0	21,648	0	0	0	0	0	1,611	1,611	1,611	0	0	0	0	0	0	0	4,928	0	0	0	0	277	348	193	0	-38,623	-41,732	-160,105	-197,471	-99,047	-122,035	-119,459	-163,177	-173,555	-173,800	-183,801	-176,485	-177,478	-183,413	-185,496	-179,302	-201,010	-163,658	-166,167	-176,727	-249,869	-232,707	-220,609	-216,999	-279,792	-283,217	-269,487	-249,732	-298,645	-350,701	-363,648	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Liab	-36,356	-11,035	-11,136	-231,255	-376,358	38,951	40,190	41,265	41,266	41,266	41,266	50,550	40,340	49,314	49,226	49,226	26,313	28,625	27,104	22,532	19,890	18,750	16,814	41,532	39,456	39,454	38,935	38,930	20,003	36,090	26,235	24,805	19,397	19,887	14,432	14,822	15,718	12,583	11,084	7,058	8,011	7,809	3,894	3,590	4,301	18,646	9,478	16,428	24,144	17,059	17,041	17,041	16,752	15,306	14,450	14,610	17,959	15,179	15,171	15,169	19,247	9,532	7,361	17,703	37,666	27,910	34,667	31,145	35,427	32,777	23,166	19,603	22,403	18,791	22,482	18,870	25,923	18,216	21,892	18,029	23,727	17,537	21,683	18,210	23,281	18,778	24,916	19,533	27,913	-5,363	-33,942	-46,844	-62,365	-76,070	-55,518	-64,361	-49,528	-52,600	-61,800	-37,700	-19,396	36,500	39,800	36,600	36,934	33,600	33,700	32,700	30,569	33,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Liab	0	5,432	5,284	0	5,052	5,094	4,282	4,285	14,563	15,532	18,647	21,610	23,252	24,845	27,009	28,011	30,388	32,228	33,279	35,188	16,592	26,493	27,158	21,275	21,275	22,375	22,375	22,475	22,196	22,809	22,502	23,038	25,598	27,497	26,918	27,102	25,719	28,147	28,190	28,476	29,276	7,041	7,086	5,550	5,590	7,852	11,121	11,111	11,151	5,714	5,480	5,423	8,936	8,846	8,785	8,536	4,035	648	661	110	115	120	125	131	137	143	149	191	163	2,968	3,038	3,085	3,142	3,197	3,275	3,313	3,285	3,365	3,422	3,525	3,595	3,687	4,249	4,403	4,797	5,058	5,335	5,698	5,955	6,233	6,701	6,996	7,270	7,547	7,190	7,407	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	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	-1,213,326	-1,175,122	-1,136,919	-1,098,619	1,599,427	1,598,385	1,597,679	1,596,258	1,591,182	1,590,194	1,589,205	1,594,336	1,540,797	1,510,939	1,505,530	1,504,870	1,505,516	1,467,480	1,418,769	1,407,164	1,370,218	1,336,292	1,334,012	1,289,196	1,290,097	1,295,990	1,254,392	1,254,701	1,173,319	1,174,044	1,135,800	1,086,164	1,085,046	997,419	997,186	1,034,980	1,034,119	724,786	724,571	762,224	753,173	432,760	432,507	431,437	467,398	467,975	429,225	428,978	465,859	427,371	465,515	426,831	462,722	424,097	423,785	-532,585	459,945	421,634	-485,602	421,404	458,699	424,364	424,330	424,532	424,146	424,055	423,966	423,719	423,603	461,187	423,252	426,269	464,211	425,651	425,330	424,770	422,987	422,241	422,218	441,319	441,178	553,971	549,105	440,506	538,137	439,829	439,638	436,949	435,399	424,871	426,260	511,693	429,260	500,009	476,674	469,000	425,963	22,500	45,700	62,300	425,449	110,400	153,300	761,700	471,064	190,700	202,200	218,200	424,099	206,400	217,300	215,700	228,600	68,600	173,000	134,900	145,200	147,500	156,600	159,800	60,800	-10,200	68,000	74,500	77,200	-500	500	-5,400	-1,700	-	-	-
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	-	-	-	-
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	18,700	18,700	18,700	18,700	18,700	18,700	18,700	18,700	18,700	18,700	21,700	21,700	21,700	21,700	21,700	21,700	21,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Gross	0	0	2,773,797	2,790,615	0	2,740,276	2,780,302	2,783,259	0	3,021,664	3,241,699	3,266,255	0	3,264,564	3,247,138	3,228,132	0	3,060,283	3,058,720	2,903,317	0	2,807,389	2,803,950	2,683,685	0	2,620,920	2,612,804	2,597,324	0	2,393,676	2,348,021	2,113,873	0	2,088,622	1,984,078	1,993,118	0	1,493,140	0	0	0	0	0	0	0	519,479	412,332	396,311	394,795	341,670	337,302	325,096	327,654	323,710	326,577	322,171	223,861	231,442	217,956	179,381	181,332	183,283	183,411	185,430	187,455	226,538	229,189	232,840	235,199	237,284	239,811	254,145	263,129	266,010	264,072	267,454	278,170	278,498	281,677	286,163	289,465	293,217	308,207	311,703	304,394	307,804	313,322	320,026	323,266	326,959	265,883	275,154	278,004	283,916	285,020	287,578	316,021	298,800	254,300	252,300	245,538	199,200	200,000	200,900	200,069	198,600	180,600	182,400	184,255	185,200	120,500	122,100	123,200	124,600	115,700	117,000	118,200	118,800	114,200	114,000	113,400	111,500	106,300	102,200	102,900	103,300	104,500	98,200	99,300	-	-	-
Property Plant And Equipment Net	0	2,120,436	2,135,166	2,164,872	2,118,210	2,140,853	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	519,479	412,332	396,311	394,795	341,670	337,302	325,096	327,654	323,710	326,577	322,171	223,861	231,442	217,956	179,381	181,332	183,283	183,411	185,430	187,455	226,538	229,189	232,840	235,199	237,284	239,811	254,145	263,129	266,010	264,072	267,454	278,170	278,498	281,677	286,163	289,465	293,217	308,207	311,703	304,394	307,804	313,322	320,026	323,266	326,959	265,883	275,154	278,004	283,916	285,020	287,578	316,021	298,800	254,300	252,300	245,538	199,200	200,000	200,900	200,069	198,600	180,600	182,400	184,255	185,200	120,500	122,100	123,200	124,600	115,700	117,000	118,200	118,800	114,200	114,000	113,400	111,500	106,300	102,200	102,900	103,300	104,500	98,200	99,300	-	-	-
Property Plant Equipment	0	2,120,436	2,135,166	2,164,872	2,161,512	2,140,853	2,187,266	2,201,084	2,317,880	2,428,449	2,618,756	2,647,956	2,667,432	2,687,959	2,691,376	2,693,227	2,560,393	2,565,449	2,571,129	2,434,755	2,366,882	2,373,905	2,388,618	2,286,147	2,285,701	2,257,885	2,266,812	2,268,151	2,159,774	2,096,483	2,066,058	1,841,090	1,838,153	1,843,213	1,750,876	1,767,814	1,776,549	1,290,535	1,289,632	1,284,727	1,247,740	767,408	698,986	533,285	535,390	519,479	412,332	396,311	394,795	341,670	337,302	325,096	327,654	323,710	326,577	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,466,844	2,434,799	2,405,453	2,365,674	-329,636	-292,449	-205,906	-117,424	-84,558	-49,768	-39,316	-37,233	-22,015	-9,337	-2,618	2,241	-5,331	-554	2,842	8,388	18,068	23,686	24,938	29,270	32,605	34,262	34,624	35,173	29,873	24,548	27,379	18,024	19,862	-1,898	-3,566	-2,817	-569	765	969	1,126	3,043	-439	-22,695	-22,127	-18,495	-34,806	-30,510	-29,363	-29,652	-23,623	-25,372	-33,447	-35,499	-35,702	-36,284	916,554	-39,609	-37,941	866,846	-40,480	-40,360	-34,696	-35,372	-34,896	-30,786	-22,755	-45,415	-46,520	-48,125	-45,764	-45,823	-52,284	-51,521	-51,257	-51,304	-51,639	-55,985	-59,097	-59,446	-59,608	-61,260	-57,295	-57,251	-56,978	-58,019	-43,391	-46,946	-52,011	-50,064	-43,233	-39,772	-27,016	-36,418	-36,438	-41,315	-39,167	-37,117	388,500	372,700	356,800	-16,971	324,400	306,600	-301,200	-11,145	251,000	232,000	213,500	-12,009	177,300	160,400	144,000	128,400	226,300	101,400	89,800	78,700	67,800	57,500	47,800	39,800	108,000	27,200	21,700	15,400	8,000	8,000	5,000	2,100	-	-	-
Retained Earnings Total Equity	0	0	-333,492	-334,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,873	0	0	0	19,862	-1,898	-3,566	-2,817	-569	765	969	1,126	3,043	-439	-22,695	-22,127	-18,495	-34,806	-30,510	-29,363	-29,652	-23,623	-25,372	-33,447	-35,499	-988,779	-972,027	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	493	669	606	1,176	0	0	1,225,720	1,160,226	1,146,244	1,113,784	1,148,062	0	1,120,260	0	0	0	921,173	0	0	0	867,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt Total	1,135,051	1,144,438	1,134,815	1,176,014	1,147,511	1,114,999	1,104,495	1,249,044	1,251,721	1,294,125	1,444,182	1,535,363	1,509,923	1,539,606	1,564,879	1,559,542	1,451,103	1,459,998	1,482,425	1,297,843	1,292,313	1,241,410	1,247,045	1,181,501	1,166,772	1,133,667	1,167,380	1,168,166	1,137,306	1,107,293	1,094,110	958,413	947,532	1,030,419	914,307	920,695	884,374	663,738	660,794	651,808	639,855	391,362	386,778	203,250	203,250	194,250	120,000	104,778	97,300	48,125	48,750	49,375	37,765	28,234	43,823	37,935	0	1,400	2,762	2,762	3,987	5,705	7,857	8,831	9,512	10,966	112,059	112,783	113,492	114,946	115,938	116,593	117,453	119,028	119,983	121,010	155,548	156,845	157,793	158,514	163,451	169,616	167,464	168,177	203,396	215,929	219,313	224,947	227,107	287,933	308,763	340,682	423,941	445,312	448,731	456,134	444,611	359,900	346,500	335,200	368,655	253,600	254,700	257,400	274,697	372,500	334,800	303,100	309,743	299,600	254,400	274,700	255,200	327,700	308,700	395,300	387,000	402,700	233,400	229,700	309,300	236,800	240,800	266,500	153,100	224,100	224,800	230,300	225,900	-	-	-
Short Term Debt	75,425	50,104	50,205	270,305	415,408	99	0	0	1,242,883	1,285,287	1,434,744	1,524,725	9,478	10,638	10,638	10,638	20,504	17,529	18,421	22,827	22,810	23,481	25,358	21,275	21,275	22,375	22,375	22,475	15,860	-227	9,004	9,759	13,240	12,044	17,499	17,109	13,146	12,872	14,368	18,392	16,282	12,680	16,595	15,785	20,492	0	16,431	9,478	-1,673	-1,714	0	-1,423	-1,461	28,234	43,823	4,000	-885	1,400	2,762	0	3,987	5,705	7,857	-131	-137	-143	-149	-191	-163	0	-3,038	-3,085	0	-3,197	-3,275	-3,313	-3,285	-3,365	-3,422	-3,525	-3,595	-3,686	-4,249	-4,403	-4,797	0	-5,335	-5,698	-5,955	10,648	45,242	60,473	83,000	90,000	91,000	94,000	88,000	88,000	98,000	70,300	58,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
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	11,745	23,871	23,751	58,532	72,744	35,148	14,664	16,387	15,503	13,275	13,991	13,438	12,650	13,577	14,205	14,845	12,884	11,806	13,142	11,772	11,364	9,510	10,372	21,378	22,476	20,854	19,832	21,666	21,322	22,960	23,726	21,689	26,594	38,623	41,732	46,554	55,816	22,587	21,763	24,420	63,645	60,619	58,812	59,582	57,685	58,018	57,547	54,764	67,230	61,693	20,639	22,611	26,835	22,310	19,817	15,474	15,763	22,718	23,159	22,601	27,273	26,811	30,512	35,780	39,110	38,324	49,107	85,578	49,700	0	0	0	0	19,600	20,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-
Total Assets	2,488,480	2,499,090	2,498,495	2,533,230	2,507,424	2,508,785	2,587,291	2,802,503	2,838,876	2,912,177	3,077,445	3,183,273	3,120,489	3,139,273	3,166,971	3,167,835	3,042,235	3,019,360	2,997,381	2,806,268	2,750,570	2,671,009	2,673,236	2,559,428	2,545,821	2,519,932	2,511,042	2,515,979	2,403,633	2,387,770	2,335,454	2,159,234	2,146,349	2,133,125	2,012,820	2,019,716	1,982,960	1,488,168	1,483,127	1,473,202	1,455,820	917,114	887,234	700,141	705,981	675,273	598,400	572,904	579,563	522,297	521,959	522,139	509,341	497,173	509,909	497,880	459,360	456,616	453,223	449,694	457,106	471,300	472,067	477,031	500,732	500,205	581,720	582,971	595,464	584,370	587,660	585,165	587,932	594,997	596,243	594,970	631,371	617,154	618,960	622,237	624,366	625,158	622,032	613,549	651,064	666,671	674,974	666,711	672,630	702,323	693,847	716,669	766,977	772,857	787,129	789,784	788,545	806,500	801,100	786,800	769,198	724,900	754,300	754,500	756,599	847,700	802,700	767,500	751,097	717,200	666,400	670,800	641,900	651,900	607,700	647,400	636,300	641,400	465,200	456,800	427,700	353,300	352,700	376,200	259,300	244,600	248,600	244,400	238,600	-	-	-
Total Current Assets	364,521	361,054	345,006	349,259	379,816	350,547	384,078	579,238	505,243	450,339	437,025	513,047	437,067	421,898	436,073	432,198	463,488	435,755	408,371	354,767	368,024	283,982	271,201	260,084	247,095	249,698	231,603	235,510	219,860	259,151	229,877	248,575	212,696	191,650	161,810	149,891	105,889	97,892	96,711	92,244	92,914	85,024	120,271	103,612	107,403	27,246	33,990	29,840	37,140	33,157	39,379	49,555	30,539	27,684	35,216	29,730	69,229	88,670	91,390	129,487	128,570	100,094	96,433	92,710	77,255	120,813	176,854	177,548	183,898	160,513	161,052	134,544	138,050	142,764	139,969	133,389	167,599	131,312	128,257	106,774	97,996	58	39	25	49,919	66	49	22	21,958	26	28	14	410,242	410,742	421,634	460,572	393,591	12,700	11,100	10,000	419,123	24,900	25,200	96,200	515,703	14,100	10,800	9,100	528,011	7,100	5,700	7,400	6,100	5,500	4,000	4,400	0	4,600	3,200	0	0	3,400	3,000	0	0	0	0	0	-	-	-	-
Total Current Liabilities	79,382	73,827	73,305	68,620	70,007	67,141	69,808	64,662	70,172	68,846	76,203	85,195	87,621	95,665	98,623	101,300	92,880	96,369	95,270	92,441	68,544	66,199	64,819	58,046	56,932	58,598	57,236	60,529	56,737	72,737	61,951	60,382	55,607	54,290	49,006	49,580	45,653	39,410	37,951	34,209	36,205	29,483	25,613	24,259	30,428	22,760	31,485	30,357	27,627	20,974	20,309	19,823	20,140	47,821	62,601	22,584	20,713	20,744	22,746	19,472	27,376	19,300	22,200	25,400	45,100	34,600	38,600	37,900	53,000	38,800	43,000	42,500	45,500	51,000	52,100	53,500	50,300	44,200	47,300	49,200	51,200	47,000	48,700	44,000	47,200	40,400	48,200	42,600	47,700	29,200	31,000	26,600	28,700	21,500	39,400	36,700	39,300	35,400	36,200	32,600	34,300	36,500	39,800	36,600	34,300	33,600	33,700	32,700	31,700	33,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Liab	1,214,433	1,218,265	1,208,120	1,244,634	1,217,518	1,182,140	1,174,303	1,313,706	1,321,893	1,362,971	1,520,385	1,620,558	1,597,544	1,635,271	1,663,502	1,660,842	1,543,983	1,556,367	1,577,695	1,390,284	1,360,857	1,307,609	1,311,864	1,239,547	1,223,704	1,192,265	1,224,616	1,228,695	1,194,043	1,180,780	1,156,811	1,019,545	1,003,889	1,088,459	966,313	973,275	933,027	707,148	702,745	690,017	678,660	426,701	418,247	231,765	237,934	224,862	153,128	127,290	136,078	74,813	74,539	74,621	66,841	56,667	71,386	61,055	24,748	20,744	22,746	22,234	27,491	25,044	30,107	34,196	54,594	45,639	150,727	150,673	163,793	153,669	158,872	159,050	162,964	170,038	172,123	174,529	205,832	201,011	205,087	207,726	214,722	216,641	216,242	212,229	250,635	256,323	267,455	267,508	274,837	306,492	294,523	306,756	369,568	376,799	397,123	398,845	395,905	395,300	382,700	367,700	344,538	290,100	294,400	294,000	312,519	406,000	368,500	335,800	341,414	333,500	288,700	311,100	284,900	357,000	333,300	422,700	412,400	426,100	251,100	249,200	327,100	255,500	257,500	280,000	166,700	237,100	240,100	244,800	238,200	-	-	-
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	1,322,117	1,327,667	1,286,426	1,287,284	1,209,590	1,206,990	1,178,643	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,253,952	1,260,111	1,268,968	1,267,489	1,270,225	1,306,370	1,392,220	1,479,293	1,507,083	1,539,057	1,546,715	1,552,185	1,512,234	1,493,049	1,492,359	1,495,558	1,497,631	1,462,366	1,419,045	1,415,984	1,389,713	1,363,400	1,361,372	1,319,881	1,322,117	1,327,667	1,286,426	1,287,284	1,209,590	1,206,990	1,169,571	1,130,572	1,133,292	1,034,904	1,036,683	1,036,539	1,039,925	771,123	770,027	772,680	766,546	479,702	458,205	457,507	457,182	439,447	445,272	445,614	443,485	447,484	447,420	447,518	442,500	440,506	438,523	436,825	434,612	435,872	430,477	427,460	429,615	446,256	441,960	442,835	446,138	454,566	430,993	432,298	431,671	430,701	428,788	426,115	424,968	424,959	424,120	420,441	425,539	416,143	413,873	414,511	409,644	408,517	405,790	401,320	400,429	410,348	407,519	399,203	397,793	395,831	399,324	409,913	397,409	396,058	390,006	390,939	392,640	411,200	418,400	419,100	424,660	434,800	459,900	460,500	444,080	441,700	434,200	431,700	409,683	383,700	377,700	359,700	357,000	294,900	274,400	224,700	223,900	215,300	214,100	207,600	100,600	97,800	95,200	96,200	92,600	7,500	8,500	-400	400	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	10,172	9,520	9,825	11,197	11,487	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	21,516	39,485	46,343	15,669	9,912	8,075	4,636	13,286	3,287	11,312	9,172	15,886	2,664	45,718	100,242	75,356	158,815	132,469	161,215	93,687	43,062	13,603	47,249	16,723	20,407	64,915	3,400	2,122	0	1,600	5,500	6,600	0
Capital Expenditures	3,743	6,364	64	102,870	237,186	147,645	175,343	367,014	114,520	535,771	633,718	92,848	75,806	98,736	81,569	4,048	2,491	2,499	12,264	1,678	10,009	16,568	1,941	3,202	14,318	40,724	23,848	67,892	11,100	10,100	15,400	8,300	0
Cash And Cash Equivalents Changes	0	-17,969	-6,858	30,674	0	1,837	-1,573	-8,454	9,999	-8,025	2,140	-6,714	13,222	-43,054	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	52,491	48,700	528	0	-5,463	-4,725	16,874	-275	246	1,564	-14,586	-9,052	7,449	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	3,101	-17,969	-6,858	30,674	5,757	1,837	-1,573	-8,454	9,999	-8,025	2,140	-6,714	13,222	-43,054	-54,524	24,886	-83,459	45,296	-28,746	67,528	50,625	29,459	-33,646	30,526	-3,684	-44,508	61,515	1,278	2,100	-1,600	-3,900	-1,100	6,600
Change In Working Capital	3,287	-2,697	-438	-6,738	18,700	-571	-2,461	2,397	3,755	-3,716	3,773	-1,276	-1,151	417	-2,045	-2,780	-3,334	-9,123	-5,168	-4,603	3,583	6,213	15,825	9,077	-11,405	8,037	7,974	9,526	-1,200	9,000	6,600	-2,000	2,000
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	-713	86	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	-867	0	0	0	0	0	0	0	0	-713	86	-455	167	-822	-3,609	-3,339	-2,521	1,264	-1,343	-1,048	-2,437	-9,600	2,800	200	1,600	100	3,400	2,100	300	-2,200
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-48,501	0	617	-6,066	-93,063	-119,257	-45,665	1,808	33,765	34,347	31,995	39,037	39,474	0	0	0	0	0	0
Change To Liabilities	0	837	3,612	-6,898	17,096	4,727	1,911	1,379	3,539	-1,382	4,432	-851	307	1,210	0	0	0	0	0	0	1,188	3,029	8,850	5,867	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-7,780	13,152	-35,455	-21,039	-21,239	-28,552	-56,185	-45,788	-13,882	-29,643	-6,176	-6,812	-930	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-3,534	-4,050	160	1,604	-5,298	-3,602	437	216	-2,334	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	69,973	70,880	80,798	83,150	76,816	75,786	72,963	63,128	56,635	40,689	20,905	16,981	11,992	11,203	8,621	7,943	11,725	11,809	12,603	14,453	15,380	16,383	14,658	14,172	11,485	8,955	8,036	6,832	6,100	5,300	5,200	4,700	1,200
Dividends Paid	156,238	161,771	182,900	194,584	179,739	165,391	153,040	138,303	124,657	100,650	85,145	78,925	67,893	66,517	64,549	85,520	67,439	52,545	53,259	48,650	43,002	41,105	1,881	51,058	73,761	75,759	73,577	64,484	44,100	38,100	26,500	16,900	0
End Period Cash Flow	24,617	21,516	39,485	46,343	15,669	9,912	3,063	4,832	13,286	3,287	11,312	9,172	15,886	2,664	45,718	100,242	75,356	177,765	132,469	161,215	93,687	43,062	13,603	47,249	16,723	20,407	64,915	3,400	2,100	0	1,600	5,500	6,600
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
Free Cash Flow	180,707	185,340	210,795	232,148	240,955	60,224	21,982	-189,795	49,905	-409,628	-529,525	86,266	1,048	-21,192	-12,357	63,086	64,038	55,306	46,746	55,414	58,024	49,521	57,822	60,408	59,115	44,204	66,088	8,821	44,100	38,500	17,500	12,300	4,500
Investments	-11,630	39,980	1,205	-12,619	-342,521	-102,645	11,497	45,384	-21,806	-2,991	7,894	-12,184	10,836	-2,865	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	47,904	34,649	95,774	81,784	0	0	0	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	-98,000	-260,608	51,613	192,345	159,685	57,243	197,975	59,734	238,049	327,478	85,934	59,535	37,765	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	134,381	65,501	111,967	185,311	160,449	154,333	159,365	152,716	150,314	103,052	107,182	90,898	81,132	69,421	64,229	57,510	96,435	69,228	54,408	56,379	43,808	30,787	-63	33,724	53,618	69,645	75,388	67,164	49,700	38,900	24,400	13,300	2,100
Other Cashflows From Financing Activities	562,946	230,856	-7,390	-8,098	214,943	-141,006	57,494	104,044	-344,900	196,508	95,883	85,755	109,735	37,948	78	245	21,431	47,170	333	65,742	-39,917	-16,574	-40,790	23,823	54,473	60,656	22	-284,926	-1,400	-5,200	-4,200	18,000	105,700
Other Cashflows From Investing Activities	0	164,329	235,399	25,777	-123,334	10,637	450	19,515	9,593	-4,154	20,952	22,975	9,496	9,572	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-12,593	43,043	39,158	-18,370	-19,479	-30,022	-27,280	-23,912	-25,034	-16,463	-9,816	-8,269	-3,877	-3,869	-157	388	-38,297	-14,109	-2,833	-9,137	5,262	12,706	29,343	6,637	19,735	-1,709	-1,462	-6,809	600	-4,600	-3,300	4,600	-800
Sale Purchase Of Stock	0	-151,951	491,784	100,000	95,774	300,000	250,000	75,001	403,085	368,007	330,146	-179	-6,927	183	0	-3,621	0	-3,731	0	-578	9,110	713	-4,768	-3,000	0	-33,252	251,756	566,803	163,800	318,600	194,900	0	0
Stock Based Compensation	4,605	8,613	8,415	3,061	3,646	2,490	2,612	1,732	2,134	2,020	2,339	2,168	3,087	2,368	853	7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-169,719	-401,254	-402,994	-111,762	107,323	44,258	-35,052	144,165	-18,100	406,148	523,771	6,830	-8,158	-28,569	-68,458	-94,421	-171,419	-59,679	-88,089	-55,306	-82,130	-59,858	-135,273	-62,268	-23,750	-50,698	-77,604	40,480	-42,400	163,400	136,700	7,800	101,200
Total Cash From Operating Activities	184,450	185,340	210,859	232,148	240,955	207,869	197,325	177,219	164,425	126,143	104,193	86,266	76,854	77,544	69,212	67,134	66,529	57,805	59,010	57,092	68,033	66,089	59,763	63,610	73,433	84,928	89,936	76,713	55,200	48,600	32,900	20,600	4,500
Total Cashflows From Investing Activities	0	197,945	185,277	-89,712	-342,521	-250,290	-163,846	-329,838	-136,326	-540,316	-625,824	-99,810	-55,474	-92,029	0	52,173	21,431	47,170	333	65,742	64,722	23,228	41,864	29,184	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
Begin Period Cash Flow	18,495	19,274	15,527	21,516	31,714	46,060	39,928	39,485	50,195	34,725	116,228	46,343	51,114	65,418	79,818	15,669	16,281	16,538	15,554	9,912	2,638	3,045	3,230	3,063	3,926	3,470	5,685	4,832	4,197	3,876	28,808	13,286	14,197	3,293	4,190	3,287	3,559	7,157	6,245	11,312	7,450	36,469	6,050	9,172	4,410	9,800	6,927	15,886	15,484	21,901	21,097	2,664	2,451	11,744	4,363	45,718	63,571	65,254	104,935	100,242	97,437	94,810	90,945	75,356	114,784	170,815	171,942	177,765	155,231	155,686	129,252	132,469	135,915	133,345	126,053	161,215	127,006	124,776	102,212	93,687	49,153	30,729	16,465	43,062	58,372	39,629	12,430	13,603	17,652	19,864	6,577	47,249	13,738	19,787	17,153	16,723	12,700	0	3,400	20,400	0	0	90,800	64,900	0	25,800	3,800	3,400	0	0	30,300	2,100	2,800	0	5,900	0	0	0	8,900	1,600	0	0	116,100	5,500	0	2,200	2,800	6,600
Capital Expenditures	1,164	2,579	38,081	38,081	528	528	4,909	33	64	46,817	56	8	61,003	13,720	16,871	44,132	13,664	14,590	154,595	54,337	10,675	3,143	117,611	16,216	27,027	9,018	16,901	122,397	80,360	36,398	235,700	14,556	8,483	96,389	4,741	4,907	489,383	9,969	14,629	21,790	507,419	33,379	90,621	2,299	80,740	56,442	19,417	4,881	50,871	9,455	15,154	326	10,258	3	11,507	76,968	25,250	16,803	0	0	4,045	4,045	3	0	717	348	881	545	972	400	507	620	492	5,121	894	5,757	568	2,485	3,330	265	64	5,296	365	4,284	13,847	1,038	786	897	368	395	579	599	486	906	902	908	582	800	4,900	9,200	35,024	1,400	1,300	3,000	3,648	20,000	100	100	1,092	66,400	0	400	200	10,500	200	200	800	6,000	1,400	1,900	3,100	6,500	5,300	500	800	0	0	0
Cash And Cash Equivalents Changes	0	0	3,747	-5,989	-10,198	-14,346	6,132	443	-10,710	15,470	-81,503	69,885	-4,771	-14,304	-14,400	64,149	0	-257	984	5,642	2,262	-407	-185	167	-667	456	-2,215	853	635	321	-24,932	15,522	-911	10,904	-897	903	-272	-3,598	912	-5,067	3,862	-29,019	30,419	-3,122	4,762	-5,390	2,873	-8,959	402	-6,417	804	18,433	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,082	-16,391	18,517	9,718	8,421	15,835	29,284	21,978	-986	-1,576	859	-784	-1,459	1,912	0	-915	-1,837	4,211	-648	-905	335	-4,245	100	-2,504	-1,664	-657	984	1,273	14,507	110	909	-1,433	-385	634	242	-696	709	-9	1,645	-3,390	-404	3,713	-15,182	766	836	-1,006	-5,815	101	-2,962	-376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	6,122	-779	3,747	-5,989	-10,198	-14,346	6,132	443	-10,710	15,470	-81,503	69,885	-4,771	-14,304	-14,400	64,149	-612	-257	984	5,642	7,274	-407	-185	167	-863	456	-2,215	853	635	321	-24,932	15,522	-911	10,904	-897	903	-272	-3,598	912	-5,067	3,862	-29,019	30,419	-3,122	4,762	-5,390	2,873	-8,959	402	-6,417	804	18,433	213	-9,293	7,381	-41,355	-17,853	-1,683	-39,681	4,693	2,805	2,627	3,865	15,589	-39,428	-56,031	-1,127	-5,823	22,534	-455	26,434	-3,217	-3,446	2,570	7,292	-35,162	34,209	2,230	22,564	8,525	44,534	18,424	14,264	-26,597	-15,310	18,743	27,199	-1,173	-4,049	-2,212	13,287	-40,672	33,511	-6,049	2,634	430	4,023	9,300	-100	-17,000	15,692	-60,100	-26,000	25,900	50,815	-15,500	25,800	400	1,978	-22,100	-6,800	28,200	-4,200	2,800	-2,400	5,900	-1,100	-1,700	-6,100	7,300	-12,800	-31,800	-69,900	110,600	2,800	-2,300	2,200	-3,800
Change In Working Capital	4,658	681	5,216	-7,268	3,359	-3,140	1,828	-4,744	5,172	-2,812	-1,527	-1,271	-3,121	306	-1,450	-2,473	-1,993	478	-665	20,880	-247	2,535	745	-3,604	90	-513	-3,687	1,649	2,200	2,517	-1,678	-642	3,103	-656	2,208	-900	-698	-328	1,011	-3,701	3,731	548	-26	-480	-861	324	99	-838	-1,076	163	1,917	-2,155	223	-96	1,444	-1,154	-725	331	-586	-1,065	1,713	-4,024	-608	139	2,792	-4,146	-1,966	-14	7,949	-8,170	673	-9,575	-5,929	-1,479	8,295	-6,055	167	-6,929	5,273	-3,114	11,669	-5,848	10,242	-12,480	15,815	-13,108	10,734	-7,228	14,680	-4,216	7,331	-1,970	13,809	-459	2,455	-6,728	6,395	-13,800	4,200	-8,200	10,437	-8,600	9,800	-3,600	5,374	-1,000	1,800	1,800	-8,074	7,200	7,600	2,800	-2,800	2,200	-5,200	4,600	200	8,600	-4,400	4,600	-2,400	5,800	3,800	-600	-2,000	-4,600	3,600	1,000
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	107	-189	-711	-150	919	-771	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-252	-131	-867	-581	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	82	0	107	-189	-711	-150	919	-771	-83	63	1,618	-1,512	-22	-105	608	-936	925	-1,134	483	-107	1,629	-157	-984	-1,310	-1,056	28	-429	-2,152	-289	-219	519	-3,350	-2,082	40	2,402	-2,881	6,101	-1,618	-294	-2,925	387	590	-1,320	-1,000	-1,373	104	-908	1,129	301	1,632	-590	-3,780	100	-5,500	-1,700	-2,500	3,000	-1,000	1,200	-400	-100	0	-200	500	-5,000	2,800	5,200	-1,400	0	-1,000	800	300	1,500	1,300	-300	900	1,500	1,100	-400	-100	-200	300	1,100	-900
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	4,375	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	630	0	0	0	0	0	0	0	-81	0	0	0	-47,614	0	0	-109,978	-97,040	0	0	397	854	-605	-140,056	-137,846	-123,788	-125,770	-117,538	-95,611	-92,707	-91,965	-78,722	-89,191	-117,093	-91,009	-78,981	-57,817	-42,884	43,914	54,327	38,556	5,626	34,115	54,373	38,757	34,561	26,182	34,462	25,292	36,641	22,066	39,548	33,692	40,895	28,500	38,300	28,500	40,237	32,200	44,700	34,800	34,674	0	34,600	33,600	0	37,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	475	4,076	-3,496	2,680	-1,490	4,284	-4,637	6,084	-2,365	680	-787	-4,116	399	-1,065	-2,116	-1,538	893	-178	17,919	1,387	440	2,259	641	-363	1,991	-2,023	2,306	1,216	2,374	-1,459	-752	2,194	777	2,102	-1,534	1,640	-713	1,040	-3,349	4,083	127	702	-480	160	-524	218	-705	449	-41	543	-644	634	81	114	0	0	0	0	0	0	0	0	246	0	0	314	0	0	0	0	0	0	4,167	5,226	6,597	0	0	905	10	1,188	0	734	0	3,029	0	3,425	0	8,850	1,616	2,944	0	5,867	300	2,957	60	0	0	0	0	0	0	0	0	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	129	-13,807	-1,765	5,300	-17,452	7,258	-3	20,922	-22,393	-8,037	1,764	-892	-4,922	-15,210	-14,431	-5,261	-5,747	-5,287	-3,775	-5,335	-5,696	-5,973	-4,235	-1,661	-6,289	-6,011	-14,591	-11,892	-6,934	-31,639	-5,720	-28,804	-6,886	-5,702	-4,396	-4,974	-3,926	-4,123	-859	-10,011	-19,032	-875	275	-8,045	1,297	-860	1,432	2,937	-1,730	-8,072	53	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	206	1,140	1,140	679	-1,650	-2,456	-107	-912	-447	-2,207	-484	995	-93	-385	-357	-455	-415	-487	2,961	-1,634	2,095	-1,514	-4,245	-4,372	-2,504	-1,664	-657	1,018	143	-219	110	216	0	0	0	-2,334	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,111	17,515	17,730	17,617	17,303	17,533	17,772	18,272	19,299	20,035	20,658	20,806	21,024	20,836	20,847	20,443	19,610	19,695	19,020	18,491	22,504	18,153	16,725	18,404	18,803	18,698	17,971	17,491	16,797	16,130	15,583	14,618	14,544	14,365	13,879	13,847	10,500	10,331	10,278	9,580	5,974	5,958	4,558	4,415	4,328	5,892	3,396	3,365	3,224	2,936	2,948	2,884	2,881	2,870	2,858	2,594	2,434	2,295	1,948	1,944	1,955	1,943	2,026	2,019	2,972	2,989	2,866	2,898	3,011	2,857	2,914	3,027	3,227	3,083	3,081	3,212	4,143	3,425	3,388	3,497	4,678	3,254	3,560	3,888	4,154	4,053	4,037	4,139	4,060	3,699	3,451	3,448	3,803	3,459	3,459	3,451	4,485	2,600	1,700	2,700	3,555	2,100	1,200	2,100	2,836	1,700	1,800	1,700	5,332	-1,500	2,600	400	1,700	1,500	1,500	1,400	1,500	1,100	1,400	1,300	1,400	1,200	1,400	1,200	1,200	1,200	1,200	1,100
Dividends Paid	39,069	39,069	39,050	39,050	39,050	40,190	41,265	41,266	41,268	41,266	50,548	49,818	49,314	49,227	49,226	46,817	46,154	45,525	45,360	42,700	42,231	42,172	41,532	39,456	39,454	38,935	38,788	35,863	35,863	35,239	34,564	32,637	31,931	31,931	31,931	28,864	25,455	25,452	25,450	24,293	20,489	20,490	19,373	24,793	18,646	18,074	18,061	24,144	17,058	17,041	17,042	16,752	16,751	15,911	15,896	17,959	15,179	15,171	15,169	19,030	15,276	15,268	17,510	37,466	13,876	13,875	13,878	25,810	13,319	13,319	13,383	12,524	12,492	12,481	12,448	15,838	11,683	11,682	11,503	13,782	11,099	11,088	11,078	9,737	9,715	9,706	9,574	12,110	419	487	488	487	487	16,079	16,062	18,430	18,461	18,400	18,500	18,400	18,659	19,200	19,200	18,700	18,677	18,600	18,400	17,900	16,284	16,900	15,700	15,600	11,900	10,800	10,700	10,700	10,300	9,700	9,700	8,400	6,900	6,600	6,600	6,400	6,300	3,900	3,600	3,100
End Period Cash Flow	24,617	18,495	19,274	15,527	21,516	31,714	46,060	39,928	39,485	50,195	34,725	116,228	46,343	51,114	65,418	79,818	15,669	16,281	16,538	15,554	9,912	2,638	3,045	3,230	3,063	3,926	3,470	5,685	4,832	4,197	3,876	28,808	13,286	14,197	3,293	4,190	3,287	3,559	7,157	6,245	11,312	7,450	36,469	6,050	9,172	4,410	9,800	6,927	15,886	15,484	21,901	21,097	2,664	2,451	11,744	4,363	45,718	63,571	65,254	104,935	100,242	97,437	94,810	90,945	75,356	114,784	170,815	171,942	177,765	155,231	155,686	129,252	132,469	135,915	133,345	126,053	161,215	127,006	124,776	102,212	93,687	49,153	30,729	16,465	43,062	58,372	39,629	12,430	13,603	17,652	19,864	6,577	47,249	13,738	19,787	17,153	16,723	9,300	-100	3,400	15,692	-60,100	-26,000	90,800	50,815	-15,500	25,800	3,800	1,978	-22,100	-6,800	30,300	-4,200	2,800	-2,400	5,900	-1,100	-1,700	-6,100	8,900	-12,800	-31,800	-69,900	116,100	2,800	-2,300	2,200	2,800
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
Free Cash Flow	52,039	49,703	50,496	31,048	46,885	43,007	56,768	38,680	53,358	48,989	51,600	56,912	116,624	59,718	42,856	12,950	42,482	43,305	-101,518	19,500	41,196	51,030	-64,294	32,292	24,338	41,994	29,372	-73,722	-32,457	9,723	-193,802	26,741	35,146	-55,589	36,691	33,657	-456,455	21,626	18,115	7,086	-477,639	-6,891	-66,542	21,547	103,271	-34,579	1,208	16,366	-32,673	10,469	6,223	17,029	8,922	19,426	8,156	-57,696	-8,968	3,342	17,256	15,529	22,591	12,672	15,752	16,116	19,807	13,825	16,371	14,035	17,717	11,804	16,856	8,929	8,795	9,255	16,370	12,326	16,615	14,947	13,393	10,459	22,991	12,020	19,001	4,012	6,268	12,393	21,030	9,830	18,306	9,467	17,049	13,000	18,893	11,120	18,058	12,337	23,915	12,800	16,900	5,500	-9,596	15,100	23,200	15,500	22,588	2,000	21,000	20,500	16,221	-47,200	17,600	22,200	13,500	5,700	10,200	14,700	11,500	9,900	7,300	9,800	3,900	2,400	4,500	6,700	7,100	2,100	6,000	4,600
Investments	2,336	-19,946	-2,673	2,492	-47,742	-3,354	272	-15,065	729	380	14,362	-7,682	-3,924	10,427	-12,237	-6,885	-37,619	-22,283	-48,395	-10,702	-90,141	-5,434	-3,700	-3,370	7,569	-7,909	9,434	2,403	20,273	-33,341	55,094	3,260	21,310	-7,301	2,339	-38,154	-2,902	126	17	-232	-1,272	-3,318	12,330	154	1,953	-10,735	-4,221	819	957	-2,420	12,249	50	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,899	-41,847	27,897	31,897	9,893	-145,094	5,367	-43,039	-150,092	-96,167	24,231	-34,431	-26,347	4,695	107,696	27,231	-23,333	183,684	4,637	90,637	-6,399	64,690	10,757	67,297	-36,894	-1,964	28,804	29,062	12,294	134,808	21,811	-83,434	115,757	-7,488	34,899	215,756	826	8,663	12,804	221,152	4,557	101,769	0	8,987	55,000	23,947	-2,000	49,175	-625	-625	11,610	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,719	29,032	39,447	34,183	1,560	34,229	21,466	8,246	6,505	30,849	39,229	35,384	37,163	42,660	44,426	61,062	42,036	42,756	39,978	35,679	37,082	40,980	37,839	38,432	37,799	39,091	38,245	44,230	41,188	33,438	44,981	33,109	54,786	33,977	31,538	30,013	28,100	25,518	25,578	23,856	28,110	43,051	20,098	15,923	41,270	14,350	16,928	18,350	18,114	18,808	25,117	19,093	16,955	17,334	19,189	15,943	16,291	17,473	15,415	15,049	13,367	15,951	14,793	13,399	29,435	36,538	14,981	15,481	23,449	13,379	19,780	12,620	12,259	12,540	12,815	16,794	18,951	12,032	11,961	13,435	9,817	11,055	10,816	12,120	-4,892	16,959	11,083	7,637	5,290	-2,974	-12,268	9,889	507	5,350	13,914	13,953	5,618	15,800	16,000	16,200	16,145	17,800	17,900	17,800	19,888	19,000	18,600	17,900	18,164	17,000	16,400	15,600	13,400	13,500	11,700	11,100	10,800	10,400	9,600	8,100	6,700	5,900	5,500	6,300	4,400	3,000	3,000	2,900
Other Cashflows From Financing Activities	80,775	51,634	236,900	193,637	59,791	69,461	21,417	80,187	-1,680	34,710	-703	-4,717	8,170	-125,985	4,512	105,205	49,812	-23,405	184,609	3,927	59,837	-306,518	64,731	40,944	53,229	-25,375	756	28,884	18,460	-69,728	184,155	21,347	-183,955	115,504	-7,811	34,447	563,794	391	8,481	262,647	-29,024	23,579	181,504	-30	51,110	109,998	119,247	-4,062	97,301	36,515	-1	50,200	9,530	-15,442	10,304	33,556	-1	79	-41,768	9,419	-3,621	3,330	245	37,620	-25,672	44,764	-3,777	6,116	357	201	-214	13	732	1,310	2,943	-32,755	29,261	2,375	313	16,379	99,955	2,895	6,469	-33,702	-11,304	-2,565	-2,500	-205	-3,000	-31,609	-15,231	-60,317	18,000	-177	1,140	6,000	-727	15,700	27,800	11,700	60,456	-21,600	-2,100	200	2,722	-100	14,200	-1,600	-283,226	-200	100	-1,500	-1,300	23,100	2,800	17,400	13,800	173,800	-300	-4,300	76,900	-200	-300	114,400	17,200	-800	9,600	4,900
Other Cashflows From Investing Activities	0	0	36,174	8,068	-496	58,802	93,018	13,005	35,258	157,749	52,046	-1,443	-2,370	-5,534	-2,522	36,203	-123,334	-95,675	-67,397	-14,917	10,637	0	0	0	450	0	0	0	30,415	0	-10,900	0	9,593	0	0	0	-2,554	0	0	-1,600	-29	20,981	0	0	22,975	0	0	0	525	3,200	525	6,296	3,325	3,250	3,175	3,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	626	2,346	-1,373	-15,589	23,098	-6,152	14,274	11,823	26,734	19,314	-2,178	-4,712	-4,457	-5,269	-5,414	-3,230	-5,021	-3,011	-5,733	-5,714	-11,093	-7,832	-4,210	-6,887	-7,292	-7,164	-6,694	-6,130	-6,358	-6,442	-5,608	-5,504	-6,542	-6,184	-6,219	-6,089	-3,771	-4,202	-4,295	-4,195	-5,408	-1,713	-1,412	-1,283	-8,244	1,052	-15	-1,062	-1,157	-865	-945	-910	-937	-801	-18,074	15,943	-377	-30,799	31,659	-640	-2,212	2,700	-456	555	-14,675	-21,208	1,371	-3,819	-15,720	4,138	-6,004	3,443	-270	232	-6,927	4,132	-6,078	3,934	-3,899	-3,094	-3,109	8,855	-5,252	4,768	5,038	5,527	-4,038	6,179	-5,356	13,353	19,114	2,232	1,260	3,676	-868	2,569	6,835	9,000	-100	4,000	-4,709	5,200	-4,400	2,200	-1,862	2,300	-1,100	-800	1,891	-3,500	-9,000	3,800	1,400	-1,000	2,400	-2,200	-200	-4,200	2,100	-2,300	1,300	-4,000	-900	300	4,300	2,500	-1,800	-400
Sale Purchase Of Stock	0	0	647	1,637	-204	-81,974	-69,977	-271	47,904	-290	30,000	426,784	29,647	100,000	-488	-90	95,774	47,937	12,583	35,913	33,891	300,000	44,920	0	39	250,000	-25	79,797	54,000	75,000	50,190	-435	149,113	0	0	-435	268,749	0	0	0	532,396	-377	-265	-30	-177	-2	0	0	1	0	-1	200	0	0	0	0	0	0	0	0	-3,621	0	0	0	0	0	0	-202	-202	0	-3,529	0	0	0	0	32,755	0	0	0	0	-99,955	0	0	0	713	0	0	-3,123	-3,123	0	0	0	0	0	0	0	0	0	0	-9,552	-9,552	0	1,200	0	56	151,000	26,200	74,500	367,903	142,700	0	56,100	168,500	0	0	0	0	0	15,300	156,700	0	0	0	0	0	0	0	0
Stock Based Compensation	865	866	769	2,105	1,037	1,065	1,428	5,083	988	989	992	5,446	289	457	470	1,845	691	477	477	2,001	359	337	369	1,425	342	405	342	1,523	251	251	251	979	204	233	233	1,464	224	223	224	1,349	253	253	253	1,580	244	245	247	1,432	175	267	274	2,371	164	166	217	1,821	77	75	76	625	34	34	0	386	0	0	0	116	0	0	0	9	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-49,417	-30,536	-80,250	-9,516	-7,357	-112,801	-244,919	-36,177	-85,987	-191,648	-147,465	22,106	-54,098	-70,729	-45,019	58,084	-19,139	-21,279	150,897	-3,156	51,207	-46,003	67,809	-28,755	-33,024	-33,629	-41,021	72,622	-17,596	23,841	149,399	-11,479	-66,960	83,387	-39,927	5,400	460,639	-25,350	-17,220	-11,921	482,773	-16,310	82,131	-24,823	-9,836	36,924	5,886	-26,144	32,118	-17,666	-17,668	-4,942	-7,221	-31,353	-5,592	15,597	-16,580	-16,454	-15,169	-20,255	-20,615	-17,420	-18,239	-38,147	-15,330	-114,968	-14,602	-26,519	-14,774	-14,311	-17,223	-13,371	-13,465	-13,116	-12,915	-48,593	-12,235	-12,607	-11,886	-18,578	-17,098	-8,650	-11,571	-44,811	-21,718	-12,899	-12,511	-12,730	-24,077	-32,801	-17,176	-61,219	-14,588	-17,307	-17,466	-12,907	-20,150	-3,500	7,000	-7,100	31,302	-43,300	-20,300	-18,400	-115,104	26,000	14,800	-3,300	19,580	33,800	-18,100	5,200	-20,900	28,500	-47,900	-2,100	-17,300	160,800	500	19,400	69,200	-7,300	-32,400	107,200	10,900	-4,700	400	1,200
Total Cash From Operating Activities	53,203	49,703	50,496	31,048	46,357	43,535	56,768	38,680	53,358	48,989	51,600	56,912	55,621	59,718	59,727	57,082	56,146	57,895	53,077	73,837	51,871	54,173	53,317	48,508	51,365	51,012	46,273	48,675	47,903	46,121	41,898	41,297	43,629	40,800	41,432	38,564	32,928	31,595	32,744	28,876	29,780	26,488	24,079	23,846	22,531	21,863	20,625	21,247	18,198	19,924	21,377	17,355	19,180	19,429	19,663	19,272	16,282	20,145	17,256	15,529	18,546	16,717	15,755	16,116	20,524	14,173	17,252	14,580	18,689	12,204	17,363	9,549	9,287	14,376	17,264	18,083	17,183	12,462	16,723	10,724	23,055	17,316	19,366	8,296	20,115	13,431	21,816	10,727	18,674	9,862	17,628	13,599	19,379	12,026	18,960	13,245	23,333	13,600	21,800	14,700	25,428	16,500	24,500	18,500	26,236	22,000	21,100	20,600	17,313	19,200	17,600	22,600	13,700	16,200	10,400	14,900	12,300	15,900	8,700	11,700	7,000	8,900	9,800	7,200	7,900	2,100	6,000	4,600
Total Cashflows From Investing Activities	0	-19,946	33,501	-27,521	-49,198	54,920	194,283	-2,060	21,919	158,129	14,362	-9,133	-6,294	-3,293	-29,108	-51,017	-37,619	-36,873	-202,990	-65,039	-100,816	-8,577	-121,311	-19,586	-19,008	-16,927	-7,467	-120,444	-29,672	-69,641	-230,525	-14,296	22,420	-113,283	-2,402	-43,061	-493,839	-9,843	-14,612	-22,022	-508,691	-39,197	-75,791	-2,145	-7,933	-64,177	-23,638	-4,062	-49,914	-8,675	-2,905	6,020	-92,029	-80,283	-82,914	0	0	0	0	9,419	52,173	47,299	43,969	37,674	21,431	47,103	2,339	6,116	47,170	28,551	26,899	605	333	0	0	0	65,742	36,481	34,106	16,379	64,722	26,145	16,387	9,918	23,228	36,935	18,724	830	41,864	40,510	19,783	6,948	29,184	464	1,232	92	0	0	0	0	0	0	0	0	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	11,513	9,788	11,638	9,653	5,798	1,166	960	1,009	985	620	616	771	12,806	2,004	14,491	13,718	13,213	92,232	116,952	99,584	104,731	128,934	118,046	84,086	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	69,973	70,880	80,798	83,150	76,816	71,349	67,173	59,565	53,163	40,689	20,101	16,579	11,992	10,986	8,621	7,943	11,725	11,809	12,603	14,453	15,380	16,383	14,658	14,172	11,485	8,955	8,036	6,832	6,100	5,300	5,200	4,700	1,200
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	27,684	16,235	8,372	7,284	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	176,902	81,114	132,191	220,801	220,011	209,241	197,815	176,517	162,090	124,699	87,397	71,083	47,120	53,307	43,734	42,785	40,960	37,676	19,453	44,213	57,464	37,538	21,125	63,428	28,765	51,221	53,169	47,646	95,500	81,900	57,700	46,500	9,500
Ebitda	246,875	151,994	212,989	303,951	296,827	280,590	264,988	236,082	215,253	165,388	107,498	87,662	59,112	64,293	52,355	50,728	52,685	49,485	32,056	58,666	72,844	53,921	35,783	77,600	40,250	60,176	61,205	54,478	101,600	87,200	62,900	51,200	10,700
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	0	0	0	0	0	27,684	16,235	8,372	7,284	6,093	2,059	17,394	6,281	700	1,297	184	5,676	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	308,322	268,406	287,077	323,158	312,283	293,446	277,699	247,491	228,003	176,889	117,212	96,182	82,702	76,392	64,221	63,005	62,313	150,724	157,382	155,559	162,492	171,783	139,171	147,514	131,158	102,292	110,179	99,429	87,900	71,400	49,500	39,400	7,900
Income Before Tax	134,457	65,501	111,967	185,311	160,449	154,333	159,365	153,465	149,607	103,052	79,498	74,663	81,132	69,421	64,229	57,510	67,642	62,947	53,708	67,521	43,624	47,194	0	33,724	0	0	0	0	0	0	0	0	0
Income Tax Expense	55,073	42,441	49,778	49,941	56,292	-9,167	46,324	749	-707	24,674	-17,132	-12,531	-19,268	-10,923	-14,589	-8,238	-42,134	-18,831	-17,646	-472	13,656	11,834	21,188	29,704	-24,853	-18,424	-22,219	-19,518	45,800	43,000	33,300	33,200	7,400
Interest Expense	55,513	44,917	50,810	52,882	56,299	49,055	46,324	43,108	37,629	23,302	9,229	3,492	3,848	1,552	85	308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	569	1,545	18,190	0	0	10,088	34,698	22,888	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	1,273	-902	163	185	621	621	621	1,176	1,452	1,443	999	167	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	135,654	23,060	62,189	135,370	104,157	154,333	159,365	151,540	148,862	101,609	106,183	90,731	81,132	69,421	64,229	57,510	96,435	69,228	54,408	56,379	43,808	30,787	-63	33,724	53,618	69,645	75,388	67,164	49,700	38,900	24,400	13,300	2,100
Net Income Applicable To Common Shares	0	66,403	111,804	185,126	160,456	154,333	159,365	151,540	148,862	101,609	106,183	90,731	81,132	69,421	58,136	55,451	79,041	62,947	53,708	54,568	42,035	23,522	0	31,910	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	134,381	65,098	111,967	185,311	160,449	155,071	151,491	119,516	150,314	103,052	79,498	74,663	72,760	62,137	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-58,160	-44,917	-50,810	-52,882	-56,299	-49,055	-46,677	-43,108	0	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	28,760	29,391	14,266	0	-738	-2,214	-1,214	0	0	0	0	14,744	5,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	47,472	51,718	54,134	0	49,364	46,818	43,530	38,093	26,581	10,013	-4,258	559	1,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	20	81,114	132,191	220,801	220,011	209,241	197,815	177,731	163,857	106,193	77,844	71,038	61,864	58,498	49,640	49,272	54,301	50,226	36,399	55,827	57,464	42,111	20,037	62,263	28,022	50,533	53,169	46,531	95,500	81,900	57,700	46,500	9,500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	141,043	135,028	165,329	108,884	98,070	85,371	80,844	70,769	65,131	48,014	30,755	25,915	20,838	19,898	14,581	13,733	8,012	100,498	120,983	99,732	105,028	129,672	119,134	85,251	103,136	51,759	57,010	52,898	7,600	10,500	8,200	7,100	1,600
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	69,973	70,880	80,798	83,150	76,816	75,786	72,963	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	19,821	25,323	19,339	14,556	13,906	12,856	12,711	10,195	10,983	9,316	10,038	8,565	8,032	8,848	7,209	5,183	5,656	5,344	4,310	3,492	3,135	2,426	3,302	3,462	3,275	3,892	3,700	3,685	3,400	0	0	0	0
Tax Provision	0	0	0	0	0	0	0	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
Total Operating Expenses	129,530	125,240	153,691	99,231	92,272	85,371	80,844	70,769	65,131	48,014	30,755	25,915	20,838	19,898	14,581	13,733	8,012	100,498	120,983	99,732	105,028	129,672	119,134	85,251	103,136	51,759	57,010	52,898	-7,600	-10,500	-8,200	-7,100	-1,600
Total Other Income Expense Net	13,825	-15,613	-20,224	-35,490	-59,562	-5,853	7,874	18,842	23,379	1,584	1,654	7,117	14,744	5,191	5,906	6,487	13,341	12,721	17,309	11,694	0	5,083	0	0	0	0	0	0	0	0	0	0	0
Total Revenue	319,835	278,194	298,715	332,811	318,081	294,612	278,659	248,500	228,988	177,509	117,828	96,953	82,702	78,396	64,221	63,005	62,313	150,724	157,382	155,559	162,492	171,783	139,171	147,514	131,158	102,292	110,179	99,429	87,900	71,400	49,500	39,400	7,900

	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	2,775	2,908	3,212	2,619	2,236	2,358	2,157	3,038	4,119	3,182	2,175	2,161	2,463	4,187	1,450	1,553	1,593	1,608	1,506	1,090	309	245	266	346	157	268	267	267	183	271	273	283	327	114	104	134	-170	78	406	306	299	80	93	144	145	6,448	3,525	3,388	4,647	1,048	4,559	2,299	4,781	4,226	2,004	6,889	4,169	3,591	3,541	2,904	3,975	2,796	3,137	3,810	2,632	3,214	6,597	4,520	86,687	5,545	5,561	5,447	24,217	26,818	28,711	28,244	25,437	24,616	26,458	179	26,548	3,743	3,863	3,888	36,847	4,021	3,970	4,139	28,230	3,699	26,001	3,448	28,867	21,559	16,755	16,905	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Depreciation And Amortization	17,111	17,515	17,730	17,617	17,303	17,533	17,772	18,272	19,299	20,035	20,658	20,806	21,024	20,836	20,847	20,443	19,610	19,695	19,020	18,491	18,068	18,153	16,725	18,404	17,167	18,698	17,971	17,491	15,897	16,130	15,583	14,618	13,660	14,365	13,879	13,014	10,500	10,331	10,278	9,580	5,897	5,958	4,558	4,415	4,229	5,892	3,396	3,365	3,224	2,930	2,948	2,884	2,881	2,870	2,858	2,594	2,434	2,320	1,946	1,944	1,955	1,943	2,026	2,019	2,972	2,989	2,866	2,898	3,011	2,857	2,914	3,027	3,227	3,083	3,081	3,212	4,143	3,425	3,388	3,497	4,678	3,254	3,560	3,888	4,154	4,053	4,037	4,139	4,060	3,699	3,451	3,448	3,803	3,459	3,459	3,451	4,485	2,600	1,700	2,700	3,555	2,100	1,200	2,100	2,836	1,700	1,800	1,700	5,332	-1,500	2,600	400	1,700	1,500	1,500	1,400	1,500	1,100	1,400	1,300	1,400	1,200	1,400	1,200	1,200	1,200	1,200	1,100	-	-	-	-
Discontinued Operations	0	0	20	20	20	19	-729	-729	-729	-729	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,993	19,932	844	915	13,765	0	1,247	1,223	1,350	2,283	1,211	3,528	0	1,188	3,137	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	46,309	42,662	41,744	46,813	14,003	30,192	20,085	14,972	14,177	22,987	44,918	48,049	53,070	54,559	57,238	53,452	57,173	56,512	52,826	50,804	53,196	52,539	52,200	49,949	50,607	49,856	49,204	44,897	46,377	43,788	43,064	40,677	41,076	41,759	39,473	38,425	33,064	31,760	31,642	28,230	24,404	24,347	20,852	20,168	20,368	15,205	16,428	17,626	2,132	15,912	5,915	14,824	13,244	14,136	13,956	12,046	9,439	15,636	12,250	12,324	11,795	12,821	13,092	9,558	-9,563	31,734	7,161	8,102	8,764	9,178	-5,330	-6,263	13,857	5,947	-2,108	1,758	29,843	5,851	2,467	10,572	38,955	7,604	6,826	14,359	-879	16,052	15,559	12,344	41,102	-7,366	-16,892	2,823	7,633	13,433	21,244	21,118	-80,778	40,100	31,900	36,800	-34,267	28,200	28,200	28,500	-38,131	31,500	29,300	28,500	-31,769	28,900	25,700	25,200	20,900	25,800	23,900	24,900	25,100	20,600	18,400	17,100	15,600	14,600	14,600	12,900	12,100	11,600	11,400	11,400	-	-	-	-
Ebitda	63,420	60,177	59,474	64,430	31,306	47,725	37,857	33,244	33,476	43,022	65,576	68,855	74,094	75,395	78,085	73,895	76,783	76,207	71,846	69,295	71,264	70,692	68,925	68,353	67,774	68,554	67,175	62,388	62,274	59,918	58,647	55,295	54,736	56,124	53,352	51,439	43,564	42,091	41,920	37,810	30,301	30,305	25,410	24,583	24,597	21,097	19,824	20,991	5,356	18,842	8,863	17,708	16,125	17,006	16,814	14,640	11,873	17,956	14,196	14,268	13,750	14,764	15,118	11,577	-6,591	34,723	10,027	11,000	11,775	12,035	-2,416	-3,236	17,084	9,030	973	4,970	33,986	9,276	5,855	14,069	43,633	10,858	10,386	18,247	3,275	20,105	19,596	16,483	45,162	-3,667	-13,441	6,271	11,436	16,892	24,703	24,569	-76,293	42,700	33,600	39,500	-30,712	30,300	29,400	30,600	-35,295	33,200	31,100	30,200	-26,437	27,400	28,300	25,600	22,600	27,300	25,400	26,300	26,600	21,700	19,800	18,400	17,000	15,800	16,000	14,100	13,300	12,800	12,600	12,500	3,600	2,000	2,000	1,900
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	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,684	0	0	0	16,235	0	0	0	8,372	0	0	0	7,284	0	0	0	6,093	0	0	0	2,059	0	0	0	17,394	0	0	0	6,281	0	0	0	700	0	0	0	1,297	0	0	0	184	0	0	0	5,676	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	76,690	77,198	74,664	79,769	68,433	73,940	57,742	68,289	65,549	70,651	72,155	78,724	78,775	80,114	82,724	81,523	80,601	80,074	76,590	75,017	73,686	74,670	72,690	72,400	70,926	71,084	69,569	66,121	64,844	62,980	60,931	58,735	58,376	58,168	56,209	55,617	45,904	44,400	43,754	42,830	32,492	31,713	27,955	27,927	26,674	25,512	21,774	24,069	21,524	19,406	20,280	18,317	19,164	19,656	17,244	20,449	12,580	19,622	16,077	15,942	15,774	15,620	16,252	15,359	-53,998	39,081	39,237	37,993	38,964	37,211	26,494	24,868	38,511	41,498	39,299	38,074	41,934	38,308	37,887	39,418	44,351	38,758	37,235	39,275	39,697	43,799	40,362	36,266	38,248	30,413	7,437	16,731	36,500	34,992	37,999	38,023	42,058	31,600	27,500	30,000	24,592	25,800	25,900	26,100	28,179	28,400	27,200	26,400	26,929	25,300	23,900	23,400	21,900	22,800	21,100	22,100	21,800	18,100	16,200	14,900	13,500	12,500	12,400	11,100	10,200	9,800	9,700	9,700	2,000	2,000	2,000	1,900
Income Before Tax	31,795	29,033	39,447	34,183	1,558	34,229	21,466	8,246	6,505	30,849	39,231	35,384	37,162	42,661	44,425	61,062	42,036	42,755	39,978	35,679	37,083	40,979	39,688	38,432	37,798	39,092	38,245	44,230	41,188	34,371	44,958	32,948	54,386	33,977	31,537	30,013	28,100	25,516	25,577	23,856	24,452	23,118	19,254	15,008	28,306	14,351	16,928	18,350	64,607	16,525	25,495	19,093	64,229	17,334	19,189	15,943	64,229	17,473	15,415	15,049	57,510	15,951	14,793	13,399	-67,000	13,379	14,981	12,620	-45,779	13,379	19,780	12,620	-42,149	12,540	12,815	16,794	-37,428	12,032	11,961	13,435	9,846	11,055	10,816	12,120	13,089	13,270	14,772	7,637	5,290	-2,974	-12,268	9,889	507	5,350	13,914	13,953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Income Tax Expense	16,166	12,296	13,092	26,405	11,829	10,803	10,253	9,556	11,648	11,557	11,310	11,458	-162	11,236	12,022	12,994	4	-907	-899	12,625	12,847	-814	292	10,779	11,185	10,619	10,863	10,755	-749	933	-23	-161	-401	9,033	8,499	8,513	-872	6,457	6,400	4,855	21,027	-16,158	1,001	410	35,278	-1,446	747	499	46,493	-601	-9,412	-5,681	52,466	-1,957	-3,948	-2,523	47,937	-1,841	-1,465	-2,766	44,143	-639	-1,705	-1,863	-35,460	-2,084	-4,430	-3,685	-10,358	-1,031	-22,288	-16,481	4,098	-4,306	-8,355	-9,082	16,065	-4,587	-6,700	-3,042	29,138	-3,848	343	4,171	4,013	4,164	4,620	39	35,812	-18,108	-2,681	-9,556	7,126	8,083	7,330	7,165	-86,396	24,300	15,900	20,600	-50,412	10,400	10,300	10,700	-58,019	12,400	10,800	10,600	-49,933	12,000	9,300	9,600	7,500	12,300	12,200	13,800	14,300	10,200	8,800	9,000	8,900	8,700	9,100	6,600	7,700	8,600	8,400	8,500	-600	-500	-500	-500
Interest Expense	14,135	14,366	13,590	14,027	12,445	10,803	10,253	9,556	12,282	12,079	12,171	12,214	12,293	11,898	12,813	13,397	14,374	13,757	12,848	12,625	12,847	11,560	11,443	10,779	11,185	10,619	10,863	10,755	11,364	9,943	9,795	9,394	10,158	8,908	8,427	8,412	6,619	6,244	6,065	4,374	3,218	3,290	1,598	1,123	1,316	854	747	499	1,220	1,781	1,589	741	379	471	474	160	8	15	24	37	61	62	80	109	4,700	0	0	0	8,131	0	0	0	2,090	2,135	1,963	2,542	3,168	3,142	3,120	3,157	3,276	3,474	3,216	4,171	4,148	4,196	4,687	4,707	4,728	5,174	5,158	6,128	7,126	8,083	7,330	7,165	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Interest Income	0	0	0	0	0	0	273	297	729	557	909	808	799	728	848	20,565	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	327	313	-332	-301	-303	-239	-207	-153	28	35	10,345	52	23	66	57	39	621	-3	-1	641	641	641	0	0	0	0	0	0	770	406	386	384	390	377	355	330	571	266	283	323	335	306	178	180	167	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	32,046	29,346	39,779	7,778	-10,271	23,426	11,213	-1,310	6,477	30,814	39,183	35,332	37,139	42,595	44,368	61,023	42,039	42,758	39,979	35,679	37,083	40,979	39,688	38,432	37,798	39,092	38,245	44,230	41,188	33,032	44,595	32,725	54,397	33,600	31,182	29,683	27,529	25,250	25,294	23,533	27,776	42,744	19,920	15,743	41,105	14,351	16,928	18,350	18,114	18,808	25,117	19,093	16,955	17,334	19,189	15,943	16,291	17,473	15,415	15,049	13,367	15,951	14,793	13,399	29,435	36,538	14,981	15,481	23,449	13,379	19,780	12,620	12,259	12,540	12,815	16,794	18,951	12,032	11,961	13,435	9,817	11,055	10,816	12,120	-4,892	13,270	14,772	7,637	5,290	-2,974	-12,268	9,889	507	5,350	13,914	13,953	5,618	15,800	16,000	16,200	16,145	17,800	17,900	17,800	19,888	19,100	18,500	17,900	18,164	16,900	16,400	15,600	13,400	13,500	11,700	11,100	10,800	10,400	9,600	8,100	6,700	5,900	5,500	6,300	4,400	3,000	3,000	2,900	600	500	500	500
Net Income Applicable To Common Shares	0	29,327	39,760	34,484	1,863	34,468	21,673	8,399	6,477	30,814	39,183	35,332	37,140	42,595	44,368	61,023	42,039	42,758	39,979	35,679	37,083	40,979	37,839	38,432	37,798	39,092	38,245	44,230	41,188	33,032	44,595	32,725	54,397	33,600	31,183	29,683	27,532	25,252	25,294	23,533	27,776	42,744	19,920	15,743	41,102	14,351	16,928	18,350	18,114	18,808	25,117	19,093	15,584	17,334	19,189	14,499	15,096	16,063	12,839	13,360	13,757	13,460	14,816	13,418	15,836	35,437	13,025	14,661	21,450	12,380	13,078	12,192	12,065	12,192	12,529	15,749	18,682	12,084	10,925	13,221	9,449	11,319	10,832	10,101	11,897	11,625	10,568	6,917	4,871	0	-9,402	9,402	20	4,877	13,457	13,556	0	0	0	0	0	0	0	0	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	31,719	29,033	39,427	34,183	-211,245	148,066	120,031	8,246	6,503	30,849	39,231	35,384	37,163	42,661	44,425	61,062	42,036	42,755	39,978	35,679	37,821	40,979	37,839	38,432	40,012	39,092	38,245	34,142	36,512	32,535	18,623	32,725	55,149	33,103	31,820	30,242	28,426	25,516	25,577	23,533	21,634	23,424	19,432	15,008	27,504	14,351	15,681	17,127	16,764	16,525	23,906	15,565	0	16,146	16,052	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-14,852	-15,086	-14,194	-14,027	-12,445	-11,412	-10,862	-10,198	-12,282	-12,715	-12,840	-12,973	-12,293	-12,892	-13,557	-14,140	-14,374	-14,661	-13,746	-13,518	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	-	-	-	-
Non Operating Income Net Other	0	0	11,293	1,397	272	14,840	10,521	3,127	5,691	19,384	5,575	-1,259	-4,723	-728	-848	20,565	0	0	0	0	0	0	0	-738	-2,214	0	0	0	-3,320	-754	-57	2,917	0	874	-283	-229	0	0	0	0	0	0	0	0	0	0	0	0	1,346	2,196	9,790	1,412	0	1,241	1,285	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	-	-	-	-
Non Recurring	0	0	14,194	14,027	57,721	-11,412	-10,862	12,025	12,983	12,832	12,800	13,103	12,720	13,133	13,807	14,474	0	14,701	13,845	13,788	12,451	12,745	12,443	11,725	10,671	12,456	11,974	11,717	11,380	10,972	10,790	10,388	10,326	9,889	9,362	8,516	5,711	7,071	6,839	6,960	8,242	1,284	1,887	-1,400	-4,165	-1,059	875	91	111	119	141	188	0	85	174	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	46,309	202	41,744	46,813	14,003	30,192	20,085	14,972	18,125	24,180	46,496	49,616	54,179	56,281	58,830	54,637	57,173	57,416	53,724	51,697	53,196	53,353	51,908	50,784	50,607	51,333	50,073	45,803	46,376	45,415	43,992	41,947	32,421	42,875	40,616	38,654	33,980	26,330	26,289	26,211	21,974	24,169	19,185	20,146	16,964	17,505	16,428	17,626	16,876	16,011	15,705	13,412	14,477	15,376	15,241	13,420	9,439	15,636	12,250	12,313	11,795	12,821	13,092	11,526	-6,025	34,283	10,260	11,755	13,015	12,243	-2,558	-3,891	16,268	8,098	4,331	7,703	35,016	7,350	5,131	10,494	38,955	6,681	6,483	14,176	-1,039	16,040	15,154	12,250	40,932	-7,757	-17,159	2,563	7,225	13,166	20,976	20,896	-80,778	40,100	31,900	36,800	-34,267	28,200	28,200	28,500	-38,131	31,500	29,300	28,500	-31,769	27,400	25,700	25,200	20,900	25,800	23,900	24,900	25,100	20,600	18,400	17,100	15,600	14,600	14,600	12,900	12,100	11,600	11,400	11,400	3,600	2,000	2,000	1,900
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	-	-	-	-
Other Operating Expenses	34,721	34,967	35,362	35,993	34,706	34,187	38,749	56,010	55,841	49,653	27,834	31,269	27,060	28,020	25,344	28,439	25,021	24,266	24,372	24,410	20,799	21,562	21,048	21,962	20,476	20,019	19,763	20,585	18,650	17,836	17,212	17,071	16,625	15,407	15,697	17,097	11,754	11,904	11,806	12,551	8,442	7,624	7,265	7,925	6,496	10,307	5,346	6,443	4,648	4,443	4,575	7,204	4,687	4,280	4,007	7,029	3,141	3,986	3,827	3,629	3,979	2,799	3,160	3,833	47,973	4,798	28,977	26,238	25,949	24,968	29,052	28,759	22,243	33,400	34,968	30,371	6,918	30,958	32,756	29,103	5,396	35,820	34,615	28,987	40,736	31,780	29,178	28,155	2,684	41,869	50,597	17,616	29,275	21,826	17,023	17,127	122,836	8,500	4,400	6,800	58,859	2,400	2,300	2,400	66,310	3,100	2,100	2,100	58,698	2,100	1,800	1,800	1,000	3,000	2,800	2,800	3,300	2,500	2,200	2,200	2,100	2,100	2,200	1,800	1,900	1,800	1,700	1,700	1,600	-	-	-
Preferred Stock And Other Adjustments	0	0	19	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,111	17,515	17,730	17,617	17,303	17,533	17,772	18,272	19,299	20,035	20,658	20,806	21,024	20,836	20,847	20,443	19,610	19,695	19,020	18,491	22,504	18,153	16,725	18,404	18,803	18,698	17,971	17,491	16,797	16,130	15,583	14,618	14,544	14,365	13,879	13,847	10,500	10,331	10,278	9,580	5,974	5,958	4,558	4,415	4,328	5,892	3,396	3,365	3,224	2,936	2,948	2,884	2,881	2,870	2,858	2,594	2,434	2,295	1,948	1,944	1,955	1,943	2,026	2,019	2,972	2,989	2,866	2,898	3,011	2,857	2,914	3,027	3,227	3,083	3,081	3,212	4,143	3,425	3,388	3,497	4,678	3,254	3,560	3,888	4,154	4,053	4,037	4,139	4,060	3,699	3,451	3,448	3,803	3,459	3,459	3,451	4,485	2,600	1,700	2,700	3,555	2,100	1,200	2,100	2,836	1,700	1,800	1,700	5,332	-1,500	2,600	400	1,700	1,500	1,500	1,400	1,500	1,100	1,400	1,300	1,400	1,200	1,400	1,200	1,200	1,200	1,200	1,100	-	-	-	-
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	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling General Administrative	5,067	4,497	4,480	5,775	5,175	4,832	5,388	9,928	3,903	3,767	3,548	8,119	3,603	3,026	3,282	4,645	3,709	2,842	3,071	4,284	2,422	3,164	2,988	4,281	3,152	2,728	2,667	4,164	2,570	2,325	2,244	3,055	2,638	1,808	2,589	3,949	2,219	2,230	1,860	3,008	2,246	1,812	2,614	3,366	2,122	1,844	1,721	2,877	1,313	1,328	1,430	3,962	1,911	1,345	1,505	4,089	2,537	1,531	1,742	1,399	2,942	453	343	1,447	1,219	1,227	1,782	1,844	1,868	1,159	1,145	1,172	1,105	1,033	1,068	1,103	620	952	1,064	856	1,022	681	721	713	901	735	650	140	730	875	835	862	99	951	920	1,492	775	800	900	900	892	1,000	1,000	1,000	0	0	900	900	985	1,000	900	900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Tax Provision	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,946	32,059	32,150	33,374	32,470	31,829	36,592	52,972	51,722	46,471	25,659	29,108	24,597	23,833	23,894	26,886	23,428	22,658	22,866	23,320	20,799	21,562	21,048	21,962	20,476	20,019	19,763	20,585	18,650	17,836	17,212	17,071	16,625	15,407	15,697	17,097	11,754	11,904	11,806	12,551	8,442	7,624	7,265	7,925	6,496	10,307	5,346	6,443	4,648	4,443	4,575	7,204	4,687	4,280	4,007	7,029	3,141	3,986	3,827	3,629	3,979	2,799	3,160	3,833	-47,973	4,798	28,977	26,238	25,949	24,968	29,052	28,759	22,243	33,400	34,968	30,371	6,918	30,958	32,756	29,103	5,396	35,820	34,615	28,987	40,736	31,780	29,178	28,155	-2,684	41,869	50,597	17,616	29,275	21,826	17,023	17,127	122,836	-8,500	-4,400	-6,800	58,859	-2,400	-2,300	-2,400	66,310	-3,100	-2,100	-2,100	58,698	-2,100	-1,800	-1,800	1,000	-3,000	-2,800	-2,800	-3,300	-2,500	-2,200	-2,200	-2,100	-2,100	-2,200	-1,800	-1,900	-1,800	-1,700	-1,700	1,600	-	-	-
Total Other Income Expense Net	1,903	-1,020	11,127	-12,630	-12,445	4,037	1,381	-6,726	4,960	19,384	5,575	-1,259	-4,723	-728	-848	20,565	-763	-14,661	-13,746	-2,500	-3,266	-12,374	-12,220	-738	-1,624	-145	-96	10,088	6,175	-228	11,632	1,263	22,466	874	208	-229	1,427	-53	52	158	3,321	2,239	69	-4,015	9,299	-2,300	1,247	1,223	1,247	2,295	9,790	-1,412	1,233	1,241	1,285	1,374	46,292	-4	1,700	-41	39,498	2,491	-4	1,978	3,538	2,720	3,390	3,694	4,327	3,170	2,822	2,402	2,500	2,287	6,568	5,954	5,173	1,594	2,794	-179	0	-397	4,333	1,932	0	1,382	3,833	-4,668	0	-13,716	1,943	-2,490	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Revenue	79,465	80,106	77,876	82,388	70,669	76,298	59,899	71,327	69,668	73,833	74,330	80,885	81,238	84,301	84,174	83,076	82,194	81,682	78,096	76,107	73,995	74,915	72,956	72,746	71,083	71,352	69,836	66,388	65,027	63,251	61,204	59,018	58,703	58,282	56,313	55,751	45,734	44,478	44,160	43,136	32,791	31,793	28,048	28,071	26,819	25,512	21,774	24,069	21,524	20,454	20,280	20,616	19,164	19,656	19,248	20,449	12,580	19,622	16,077	15,942	15,774	15,620	16,252	15,359	-53,998	39,081	39,237	37,993	38,964	37,211	26,494	24,868	38,511	41,498	39,299	38,074	41,934	38,308	37,887	39,597	44,351	42,501	41,098	43,163	39,697	47,820	44,332	40,405	38,248	34,112	33,438	20,179	36,500	34,992	37,999	38,023	42,058	31,600	27,500	30,000	24,592	25,800	25,900	26,100	28,179	28,400	27,200	26,400	26,929	25,300	23,900	23,400	21,900	22,800	21,100	22,100	21,800	18,100	16,200	14,900	13,500	12,500	12,400	11,100	10,200	9,800	9,700	9,700	2,000	2,000	2,000	1,900

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

Gross Profit (+$)
totalRevenue	319,835
Cost of Revenue	-11,513
Gross Profit	308,322	308,322

Operating Income (+$)
Gross Profit	308,322
Operating Expense	-129,530
Operating Income	20	178,792

Operating Expense (+$)
Research Development	0
Selling General Administrative	19,821
Selling And Marketing Expenses	0
Operating Expense	129,530	19,821

Net Interest Income (+$)
Interest Income	0
Interest Expense	-55,513
Other Finance Cost	-2,647
Net Interest Income	-58,160

Pretax Income (+$)
Operating Income	20
Net Interest Income	-58,160
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	134,457	-13,805 EBIT - interestExpense = 121,389 190,727 191,167
Interest Expense	55,513
Earnings Before Interest and Taxes (EBIT)	176,902	189,970
Earnings Before Interest and Taxes (EBITDA)	246,875

After tax Income (+$)
Income Before Tax	134,457
Tax Provision	-0
Net Income From Continuing Ops	134,381	134,457
Net Income	135,654
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	141,043
Total Other Income/Expenses Net	13,825	58,160

Technical Analysis of National Health Investors 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 National Health Investors Inc. The general trend of National Health Investors Inc is UNKNOWN with 0.0% 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 National Health Investors 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 State	Bullish trend		Bearish trend
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 National Health Investors 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: 62.93 < 62.93.

The bearish price targets are: 57.80 > 56.64 > 55.87.

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National Health Investors 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 National Health Investors Inc. The current mas is .

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 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.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc. The current adx is .

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

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.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors 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 National Health Investors Inc.

National Health Investors Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for National Health Investors 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
2023-11-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-10	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-17	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-18	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-24	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	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
2024-01-31	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	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
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-28	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-18	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-22	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-25	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-28	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-01	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-12	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-16	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-18	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

6.3. Candlestick Patterns

National Health Investors Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of National Health Investors Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	60.450
Total			0/1 (0.0%)

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Quick analysis of National Health Investors Inc (30 sec.)

What can you expect buying and holding a share of National Health Investors Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

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1. Valuation of National Health Investors Inc (5 min.)

$61.52

$29.35

$-59.63 - $127.57

$-30.28 - $156.92

2. Growth of National Health Investors Inc (5 min.)

Is National Health Investors Inc growing?

How much money is National Health Investors Inc making?

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

3. Financial Health of National Health Investors Inc (5 min.)

What can you expect buying and holding a share of National Health Investors Inc? (5 min.)

What can you expect buying and holding a share of National Health Investors Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of National Health Investors Inc

About National Health Investors Inc

Financial Health

Valuation

1.1. Profitability of National Health Investors Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of National Health Investors Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of National Health Investors Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of National Health Investors Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of National Health Investors Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

National Health Investors Inc
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