National Retail Properties Inc
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Let's analyse National Retail Properties Inc together

Penke I guess you are interested in National Retail Properties 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 Retail Properties 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 Retail Properties Inc (30 sec.)

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

How much money do you get?

$2.21

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$22.74

Expected worth in 1 year

$22.92

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$2.40

Return On Investment

6.0%

For what price can you sell your share?

Current Price per Share

$39.77

Expected price per share

$35.75 - $42.67

How sure are you?

50%

1. Valuation of National Retail Properties Inc (5 min.)

Live pricePrice per Share (EOD)

$39.77

Book Value per Share

$22.74

Intrinsic Value Per Share

$23.92 - $33.87

Total Value Per Share

$46.66 - $56.61

My calculation of the intrinsic value of National Retail Properties 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: ($0.64) 3Y: ($0.80) TTM: ($0.84)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.01) TTM: ($0.01)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.54	$3.24	$2.68 - $3.35
2	$5.06	$6.52	$2.82 - $3.50
3	$7.55	$9.85	$2.96 - $3.65
4	$10.01	$13.21	$3.09 - $3.80
5	$12.44	$16.60	$3.23 - $3.94
6	$14.82	$20.02	$3.36 - $4.09
7	$17.17	$23.46	$3.50 - $4.24
8	$19.47	$26.92	$3.64 - $4.39
9	$21.72	$30.39	$3.77 - $4.53
10	$23.92	$33.87	$3.91 - $4.68

2. Growth of National Retail Properties Inc (5 min.)

Is National Retail Properties Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$4.1b	$3.9b	$164.2m	4.0%

How much money is National Retail Properties Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$98m	$46.6m	$51.4m	52.4%
Net Profit Margin	47.4%	24.1%	-	-

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

Quarterly Yearly

3. Financial Health of National Retail Properties Inc (5 min.)

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

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

What can you expect buying and holding a share of National Retail Properties Inc?

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

Speculation

The Price per Share of National Retail Properties Inc is $39.77. 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 Retail Properties 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 Retail Properties 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 $22.74. Based on the TTM, the Book Value Change Per Share is $0.05 per quarter. Based on the YOY, the Book Value Change Per Share is $0.30 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 $0.55 per quarter.

Based on historical numbers we can estimate the returns while holding a share of National Retail Properties 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	0.53	1.3%	0.54	1.3%	0.46	1.1%	0.40	1.0%	0.34	0.8%
Usd Book Value Change Per Share	0.00	0.0%	0.05	0.1%	0.30	0.8%	0.00	0.0%	0.19	0.5%
Usd Dividend Per Share	0.56	1.4%	0.55	1.4%	0.52	1.3%	0.52	1.3%	0.46	1.2%
Usd Total Gains Per Share	0.56	1.4%	0.60	1.5%	0.82	2.1%	0.52	1.3%	0.65	1.6%
Usd Price Per Share	43.10	-	41.35	-	43.39	-	44.13	-	42.94	-
Price to Earnings Ratio	20.38	-	19.43	-	23.86	-	29.24	-	35.36	-
Price-to-Total Gains Ratio	77.21	-	69.14	-	60.31	-	63.33	-	57.83	-
Price to Book Ratio	1.90	-	1.82	-	1.99	-	1.93	-	2.06	-
Price-to-Total Gains Ratio	77.21	-	69.14	-	60.31	-	63.33	-	57.83	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	39.77
Number of shares	25

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.55	0.52
Usd Book Value Change Per Share	0.05	0.00
Usd Total Gains Per Share	0.60	0.52
Gains per Quarter (25 shares)	14.99	13.05
Gains per Year (25 shares)	59.94	52.21

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	55	5	50	52	0	42
2	111	9	110	104	0	94
3	166	14	170	156	0	146
4	221	19	230	209	0	198
5	276	23	290	261	0	250
6	332	28	350	313	0	302
7	387	32	410	365	1	354
8	442	37	470	417	1	406
9	498	42	530	469	1	458
10	553	46	590	521	1	510

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%	137.0	0.0	0.0	100.0%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	10.0	10.0	0.0	50.0%	29.0	11.0	0.0	72.5%	92.0	38.0	7.0	67.2%
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%	137.0	0.0	0.0	100.0%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	37.0	3.0	0.0	92.5%	132.0	5.0	0.0	96.4%

Fundamentals of National Retail Properties Inc

About National Retail Properties Inc

https://www.nnnreit.com
82
450 South Orange Avenue, Orlando, FL, United States, 32801-3336
Google Maps Bing Maps

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years.

Fundamental data was last updated by Penke on 2024-04-04 20:43:06.

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 unable to pay all its short-term debts.
The company is just not 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 able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous 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 Retail Properties Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit National Retail Properties Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare National Retail Properties Inc to the REIT - Retail industry mean.
A Net Profit Margin of 44.7% means that $0.45 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of National Retail Properties Inc:

The MRQ is 44.7%. The company is making a huge profit. +2
The TTM is 47.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	44.7%	TTM	47.4%	-2.7%
TTM	47.4%	YOY	24.1%	+23.3%
TTM	47.4%	5Y	38.1%	+9.3%
5Y	38.1%	10Y	41.3%	-3.2%

Measures how much net profit National Retail Properties Inc earns for each $1 of revenue.

Revenue is the amount of profit National Retail Properties 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 Retail Properties 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 Retail Properties Inc to the REIT - Retail industry mean.
Can be used to compare companies within the REIT - Retail industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of National Retail Properties Inc. If profit margins remain low (compared to the REIT - Retail 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 Retail Properties Inc is 0.45. This means that National Retail Properties Inc earned $0.45 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 - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc with other companies in the same industry (REIT - Retail).
Net profit margin should rise over the years.
Can be influenced when National Retail Properties Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of National Retail Properties 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 Retail Properties 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 Retail Properties Inc = 96,682
Total revenue MRQ National Retail Properties Inc = 216,231
$96,682 / $216,231 = 0.45 or 44.7%

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 Retail Properties Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare National Retail Properties Inc to the REIT - Retail industry mean.
1.1% Return on Assets means that National Retail Properties Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of National Retail Properties Inc:

The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
The TTM is 1.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	1.2%	0.0%
TTM	1.2%	YOY	0.6%	+0.6%
TTM	1.2%	5Y	0.9%	+0.3%
5Y	0.9%	10Y	1.0%	-0.1%

Shows how efficient National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 Retail Properties Inc is using its resources to generate profit. If the return on assets (1.1%) from National Retail Properties Inc are higher than the REIT - Retail mean () that means National Retail Properties 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 Retail Properties Inc is 1.1%. 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 - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from National Retail Properties Inc = 96,682
Total assets MRQ (balance sheet) from National Retail Properties Inc = 8,661,968
96,682 / 8,661,968 = 0.01 or 1.1%

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

Above 15%-20% is considered healthy but always compare National Retail Properties Inc to the REIT - Retail industry mean.
2.3% Return on Equity means National Retail Properties Inc generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of National Retail Properties Inc:

The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.3%	TTM	2.4%	0.0%
TTM	2.4%	YOY	1.2%	+1.2%
TTM	2.4%	5Y	1.7%	+0.7%
5Y	1.7%	10Y	1.7%	0.0%

Shows how efficient National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 - Retail 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 Retail Properties Inc is 2.3%. This means National Retail Properties Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties Inc up to 10 years back (depending if National Retail Properties 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 Retail Properties Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) National Retail Properties Inc = 96,682
Shareholders equity (balance sheet) MRQ National Retail Properties Inc = 4,157,457
96,682 / 4,157,457 = 0.02 or 2.3%

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

1.2. Operating Efficiency of National Retail Properties Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient National Retail Properties Inc is operating .

Measures how much profit National Retail Properties 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 Retail Properties Inc to the REIT - Retail industry mean.
An Operating Margin of 62.5% means the company generated $0.62 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of National Retail Properties Inc:

The MRQ is 62.5%. The company is operating very efficient. +2
The TTM is 64.3%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	62.5%	TTM	64.3%	-1.8%
TTM	64.3%	YOY	62.4%	+1.9%
TTM	64.3%	5Y	62.2%	+2.1%
5Y	62.2%	10Y	61.8%	+0.4%

Measures how efficient National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 Retail Properties 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 Retail Properties Inc is 62.5%. This means that National Retail Properties Inc earned $0.62 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 - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ National Retail Properties Inc = 139,688
Total revenue MRQ National Retail Properties Inc = 216,231
$139,688 / $216,231 = 0.62 or 62.5%

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 Retail Properties Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Retail industry mean).
An Operation Ratio of 0.38 means that the operating costs are $0.38 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of National Retail Properties Inc:

The MRQ is 0.377. The company is very efficient in keeping operating costs low. +2
The TTM is 0.323. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.377	TTM	0.323	+0.054
TTM	0.323	YOY	0.383	-0.060
TTM	0.323	5Y	0.373	-0.051
5Y	0.373	10Y	0.380	-0.007

Measures how efficient National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 Retail Properties Inc is 37.7%. This means that National Retail Properties Inc earned $0.38 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 - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties 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
(8,237 +73,254) \ 216,231 = 0.38

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 Retail Properties Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if National Retail Properties Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to REIT - Retail industry mean).
A Current Ratio of 0.31 means the company has $0.31 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of National Retail Properties Inc:

The MRQ is 0.308. The company is unable to pay all its short-term debts. -2
The TTM is 0.673. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.308	TTM	0.673	-0.365
TTM	0.673	YOY	0.735	-0.062
TTM	0.673	5Y	5.294	-4.621
5Y	5.294	10Y	4.662	+0.632

Measures if National Retail Properties 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 - Retail 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 Retail Properties 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 Retail Properties Inc is 0.31. This means National Retail Properties Inc has $0.31 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
51,231 \ 166,374) = 0.31

The current ratio measures if National Retail Properties 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 Retail Properties 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 Retail Properties 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 Retail Properties 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 Retail Properties 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 Retail Properties Inc to the REIT - Retail industry mean.
A Quick Ratio of 0.24 means the company can pay off $0.24 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of National Retail Properties Inc:

The MRQ is 0.237. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.559. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.237	TTM	0.559	-0.322
TTM	0.559	YOY	0.641	-0.083
TTM	0.559	5Y	5.050	-4.491
5Y	5.050	10Y	4.362	+0.687

Measures if National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 Retail Properties Inc can pay off its short term debts. This shows if National Retail Properties 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 Retail Properties Inc is 0.24. This means that National Retail Properties Inc can pay off $0.24 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties 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 Retail Properties Inc: (1,189 + 0 +38,260) / 166,374 = 0.24

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 Retail Properties Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of National Retail Properties Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare National Retail Properties Inc to REIT - Retail industry mean.
A Debt to Asset Ratio of 0.52 means that National Retail Properties Inc assets are financed with 52.0% credit (debt) and the remaining percentage (100% - 52.0%) is financed by its owners/shareholders.

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

The MRQ is 0.520. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.509. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.520	TTM	0.509	+0.011
TTM	0.509	YOY	0.497	+0.012
TTM	0.509	5Y	0.464	+0.045
5Y	0.464	10Y	0.432	+0.032

Measures how much % of National Retail Properties Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare National Retail Properties Inc to REIT - Retail 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 Retail Properties Inc is 0.52. This means means that National Retail Properties Inc is financed with 52.0% 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 - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example National Retail Properties Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,504,511 \ 8,661,968 = 52.0% or 0.52.

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 Retail Properties Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare National Retail Properties Inc to the REIT - Retail industry mean.
A Debt to Equity ratio of 108.3% means that company has $1.08 debt for each $1 in shareholders equity.

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

The MRQ is 1.083. The company is able to pay all its debts with equity. +1
The TTM is 1.036. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.083	TTM	1.036	+0.047
TTM	1.036	YOY	0.987	+0.050
TTM	1.036	5Y	0.874	+0.162
5Y	0.874	10Y	0.772	+0.102

Measures if National Retail Properties 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 Retail Properties 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 Retail Properties Inc is 1.08. This means that National Retail Properties Inc can pay off $1.08 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,504,511 \ 4,157,457 = 1.08 or 108.3%

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 Retail Properties 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 Retail Properties Inc generates.

Above 15 is considered overpriced but always compare National Retail Properties Inc to the REIT - Retail industry mean.
A PE ratio of 20.38 means the investor is paying $20.38 for every $1 in earnings.

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

The EOD is 18.804. Based on the earnings, the company is fair priced.
The MRQ is 20.378. Based on the earnings, the company is fair priced.
The TTM is 19.433. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	18.804	MRQ	20.378	-1.574
MRQ	20.378	TTM	19.433	+0.946
TTM	19.433	YOY	23.865	-4.432
TTM	19.433	5Y	29.243	-9.810
5Y	29.243	10Y	35.356	-6.113

Measures how much money you pay for each share for every $1 in earnings National Retail Properties 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 Retail Properties Inc to the REIT - Retail 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 Retail Properties Inc is 20.38. This means the investor is paying $20.38 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Retail industry is .
What is the trend?
The trend is important because it shows you how National Retail Properties Inc is performing over time. The most recent quarter might be important if National Retail Properties 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 Retail Properties 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 Retail Properties 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 \ 1,819 = EPS
PE ratio MRQ = 20.38

* 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 Retail Properties Inc:

The EOD is 14.951. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 16.203. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 13.077. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	14.951	MRQ	16.203	-1.252
MRQ	16.203	TTM	13.077	+3.125
TTM	13.077	YOY	14.576	-1.498
TTM	13.077	5Y	16.105	-3.028
5Y	16.105	10Y	18.291	-2.186

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to REIT - Retail 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 Retail Properties Inc:

The EOD is 1.749. Based on the equity, the company is underpriced. +1
The MRQ is 1.896. Based on the equity, the company is underpriced. +1
The TTM is 1.822. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.749	MRQ	1.896	-0.146
MRQ	1.896	TTM	1.822	+0.074
TTM	1.822	YOY	1.991	-0.169
TTM	1.822	5Y	1.927	-0.106
5Y	1.927	10Y	2.061	-0.134

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 Retail Properties Inc.

3.1. Institutions holding National Retail Properties Inc

Institutions are holding 91.622% of the shares of National Retail Properties Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	14.8084	0.0255	27021535	-151753	-0.5585
2023-12-31	BlackRock Inc	11.6438	0.0234	21246999	524173	2.5294
2023-12-31	State Street Corporation	7.186	0.0275	13112583	-256292	-1.9171
2023-12-31	Victory Capital Management Inc.	5.8686	0.4855	10708793	233489	2.2289
2023-12-31	FMR Inc	5.3809	0.0325	9818737	1185477	13.7315
2023-12-31	JPMorgan Chase & Co	2.2501	0.017	4105944	459436	12.5993
2023-12-31	Principal Financial Group Inc	1.8337	0.092	3345957	2673146	397.3101
2023-12-31	Geode Capital Management, LLC	1.7567	0.0145	3205590	90028	2.8896
2023-12-31	CenterSquare Investment Management LLC	1.4965	1.3157	2730803	2467941	938.8732
2023-09-30	Rush Island Management, LP	1.4695	8.0069	2681434	348442	14.9354
2023-12-31	Dimensional Fund Advisors, Inc.	1.4379	0.033	2623797	29577	1.1401
2023-12-31	Royal Bank of Canada	1.3981	0.0257	2551180	-2306199	-47.4783
2023-12-31	Bank of New York Mellon Corp	1.3637	0.0217	2488345	113451	4.7771
2023-12-31	Massachusetts Financial Services Company	1.3509	0.0343	2465134	-875812	-26.2145
2023-12-31	Charles Schwab Investment Management Inc	1.3255	0.0265	2418722	45762	1.9285
2023-12-31	Federated Hermes Inc	1.3205	0.2578	2409544	-12205	-0.504
2023-12-31	NORGES BANK	1.1645	0.016	2124865	145991	7.3775
2023-12-31	Morgan Stanley - Brokerage Accounts	1.0743	0.0075	1960411	-353008	-15.2591
2023-12-31	Northern Trust Corp	0.8757	0.0125	1597978	-73049	-4.3715
2023-12-31	HHG PLC	0.8578	0.0402	1565211	-451348	-22.3821
Total		65.8631	10.5157	120183562	+3837247	+3.2%

3.2. Funds holding National Retail Properties Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Real Estate Index Investor	4.0709	0.4742	7443637	9434	0.1269
2023-12-31	Victory Sycamore Established Value R	4.0033	1.7484	7320000	40000	0.5495
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1115	0.0149	5689428	-8058	-0.1414
2024-02-29	iShares Core S&P Mid-Cap ETF	3.0374	0.2804	5553869	-16050	-0.2882
2024-02-29	Vanguard Small Cap Index	2.5718	0.1361	4702530	43594	0.9357
2023-09-15	Fidelity US REIT Mother Fund	2.3832	3.086	4357600	446900	11.4276
2024-02-29	Vanguard Small Cap Value Index Inv	1.7546	0.2455	3208265	15895	0.4979
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.478	0.1078	2702613	34822	1.3053
2024-02-29	SPDR® S&P Dividend ETF	1.4159	0.5192	2588913	264	0.0102
2024-02-29	Principal Real Estate Securities R5	1.2334	1.557	2255270	234415	11.5998
2023-12-31	Federated Hermes Strategic Val Dividend	1.2178	1.1817	2226664	0	0
2023-12-31	Federated Hermes Strategic Value Div IS	1.2178	1.1793	2226664	0	0
2024-01-31	Fidelity Real Estate Investment Port	1.1112	3.1589	2031900	26200	1.3063
2023-12-31	JPM US Small Cap Core-Composite	0.8032	1.1633	1468612	-126045	-7.9042
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7969	0.282	1457157	5484	0.3778
2024-01-31	JPMorgan Small Cap Equity A	0.7629	1.1026	1394978	-73634	-5.0138
2024-02-29	Principal MidCap Value I Inst	0.6715	1.278	1227854	177252	16.8715
2024-02-29	Vanguard Real Estate II Index	0.6318	0.5461	1155287	-3118	-0.2692
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.6051	0.1078	1106406	36600	3.4212
2023-12-31	Sycamore Mid Cap Value Comp	0.5863	1.7278	1072000	49900	4.8821
Total		33.4645	19.897	61189647	+893855	+1.5%

3.3. Insider Transactions

Insiders are holding 0.811% of the shares of National Retail Properties Inc.

Date	Owner	Type	Amount	Price
2023-12-13	Christopher Paul Tessitore	SELL	38056	41.68
2023-11-27	Jonathan Adamo	SELL	4000	39.85
2023-11-07	Michelle Lynn Miller	SELL	1250	38.27

4. Summary

4.1. Key Performance Indicators

The key performance indicators of National Retail Properties 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	-	-	-0.003	0.046	-107%	0.303	-101%	0.001	-521%	0.189	-102%
Book Value Per Share	-	-	22.737	22.697	+0%	21.799	+4%	22.920	-1%	21.015	+8%
Current Ratio	-	-	0.308	0.673	-54%	0.735	-58%	5.294	-94%	4.662	-93%
Debt To Asset Ratio	-	-	0.520	0.509	+2%	0.497	+5%	0.464	+12%	0.432	+20%
Debt To Equity Ratio	-	-	1.083	1.036	+5%	0.987	+10%	0.874	+24%	0.772	+40%
Dividend Per Share	-	-	0.561	0.553	+2%	0.520	+8%	0.521	+8%	0.459	+22%
Eps	-	-	0.529	0.536	-1%	0.457	+16%	0.399	+32%	0.335	+58%
Free Cash Flow Per Share	-	-	0.665	0.837	-21%	0.791	-16%	0.741	-10%	0.637	+4%
Free Cash Flow To Equity Per Share	-	-	0.827	0.928	-11%	0.838	-1%	0.696	+19%	0.801	+3%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	+0%	1.000	+0%
Intrinsic Value_10Y_max	-	-	33.869	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	23.922	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.239	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.538	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	9.849	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	7.549	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	16.602	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	12.437	-	-	-	-	-	-	-	-
Market Cap	7271944500.000	-8%	7880835000.000	7559933250.000	+4%	7933861500.000	-1%	8069810475.000	-2%	7850893312.500	+0%
Net Profit Margin	-	-	0.447	0.474	-6%	0.241	+85%	0.381	+17%	0.413	+8%
Operating Margin	-	-	0.625	0.643	-3%	0.624	+0%	0.622	+0%	0.618	+1%
Operating Ratio	-	-	0.377	0.323	+17%	0.383	-2%	0.373	+1%	0.380	-1%
Pb Ratio	1.749	-8%	1.896	1.822	+4%	1.991	-5%	1.927	-2%	2.061	-8%
Pe Ratio	18.804	-8%	20.378	19.433	+5%	23.865	-15%	29.243	-30%	35.356	-42%
Price Per Share	39.770	-8%	43.100	41.345	+4%	43.390	-1%	44.134	-2%	42.936	+0%
Price To Free Cash Flow Ratio	14.951	-8%	16.203	13.077	+24%	14.576	+11%	16.105	+1%	18.291	-11%
Price To Total Gains Ratio	71.249	-8%	77.215	69.140	+12%	60.313	+28%	63.326	+22%	57.830	+34%
Quick Ratio	-	-	0.237	0.559	-58%	0.641	-63%	5.050	-95%	4.362	-95%
Return On Assets	-	-	0.011	0.012	-4%	0.006	+90%	0.009	+26%	0.010	+17%
Return On Equity	-	-	0.023	0.024	-2%	0.012	+99%	0.017	+39%	0.017	+38%
Total Gains Per Share	-	-	0.558	0.599	-7%	0.824	-32%	0.522	+7%	0.648	-14%
Usd Book Value	-	-	4157457000.000	4150155250.000	+0%	3985926500.000	+4%	4190831100.000	-1%	3842548325.000	+8%
Usd Book Value Change Per Share	-	-	-0.003	0.046	-107%	0.303	-101%	0.001	-521%	0.189	-102%
Usd Book Value Per Share	-	-	22.737	22.697	+0%	21.799	+4%	22.920	-1%	21.015	+8%
Usd Dividend Per Share	-	-	0.561	0.553	+2%	0.520	+8%	0.521	+8%	0.459	+22%
Usd Eps	-	-	0.529	0.536	-1%	0.457	+16%	0.399	+32%	0.335	+58%
Usd Free Cash Flow	-	-	121597000.000	153102500.000	-21%	144588750.000	-16%	135555550.000	-10%	116443550.000	+4%
Usd Free Cash Flow Per Share	-	-	0.665	0.837	-21%	0.791	-16%	0.741	-10%	0.637	+4%
Usd Free Cash Flow To Equity Per Share	-	-	0.827	0.928	-11%	0.838	-1%	0.696	+19%	0.801	+3%
Usd Market Cap	7271944500.000	-8%	7880835000.000	7559933250.000	+4%	7933861500.000	-1%	8069810475.000	-2%	7850893312.500	+0%
Usd Price Per Share	39.770	-8%	43.100	41.345	+4%	43.390	-1%	44.134	-2%	42.936	+0%
Usd Profit	-	-	96682000.000	98085000.000	-1%	46677500.000	+107%	69857100.000	+38%	64562475.000	+50%
Usd Revenue	-	-	216231000.000	207027750.000	+4%	193263250.000	+12%	182936950.000	+18%	157943575.000	+37%
Usd Total Gains Per Share	-	-	0.558	0.599	-7%	0.824	-32%	0.522	+7%	0.648	-14%
	EOD	+4 -4	MRQ	TTM	+10 -25	YOY	+18 -17	5Y	+19 -17	10Y	+27 -9

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	18.804
Price to Book Ratio (EOD)	Between	0-1	1.749
Net Profit Margin (MRQ)	Greater than	0	0.447
Operating Margin (MRQ)	Greater than	0	0.625
Quick Ratio (MRQ)	Greater than	1	0.237
Current Ratio (MRQ)	Greater than	1	0.308
Debt to Asset Ratio (MRQ)	Less than	1	0.520
Debt to Equity Ratio (MRQ)	Less than	1	1.083
Return on Equity (MRQ)	Greater than	0.15	0.023
Return on Assets (MRQ)	Greater than	0.05	0.011
Total			3/10 (30.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	38.533
Ma 20	Greater than	Ma 50	41.424
Ma 50	Greater than	Ma 100	41.265
Ma 100	Greater than	Ma 200	41.289
Open	Greater than	Close	39.780
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

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

Summary

Total Assets	8,661,968
Total Liabilities	4,504,511
Total Stockholder Equity	4,157,457

	As reported
Total Liabilities	4,504,511
Total Stockholder Equity	+ 4,157,457
Total Assets	= 8,661,968

Assets

Total Assets	8,661,968
Total Current Assets	51,231
Long-term Assets	8,610,737

Total Current Assets

Total Current Assets (as reported)	51,231
Cash And Cash Equivalents	1,189
Net Receivables	38,260
Inventory	8,539
Other Current Assets	3,243
Total Current Assets (calculated)	51,231
+/-	0

Long-term Assets

Long-term Assets (as reported)	8,610,737
Intangible Assets	52,814
Long-term Assets Other	8,557,923
Long-term Assets (calculated)	8,610,737
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	166,374
Long-term Liabilities	4,338,137
Total Stockholder Equity	4,157,457

Total Current Liabilities

Total Current Liabilities (as reported)	166,374
Short-term Debt	132,000
Short Long Term Debt	132,000
Other Current Liabilities	34,374
Total Current Liabilities (calculated)	298,374
+/-	132,000

Long-term Liabilities

Long-term Liabilities (as reported)	4,338,137
Long term Debt	4,228,544
Long-term Liabilities Other	109,593
Long-term Liabilities (calculated)	4,338,137
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	4,157,457
Common Stock	1,826
Retained Earnings	-805,883
Accumulated Other Comprehensive Income	-10,111
Other Stockholders Equity	4,971,625
Total Stockholder Equity (calculated)	4,157,457
+/-	0

Other

Capital Stock	1,826
Cash and Short Term Investments	1,189
Common Stock Shares Outstanding	1,819
Liabilities and Stockholders Equity	8,661,968
Net Debt	4,359,355
Net Invested Capital	8,518,001
Net Working Capital	-115,143
Short Long Term Debt Total	4,360,544

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

1988-12-31

1988-09-30

1988-06-30

1988-03-31

1987-12-31

1987-09-30

1987-06-30

1987-03-31

1986-12-31

1986-09-30

1986-06-30

1986-03-31

1985-12-31

1985-09-30

> Total Assets

0
13,600
0
0
0
13,200
0
0
0
12,900
0
0
0
12,900
0
12,700
12,700
12,700
12,600
12,600
12,500
12,400
12,400
12,400
12,300
12,200
12,200
12,200
23,400
23,100
23,100
45,200
45,500
91,600
91,700
99,200
124,100
152,200
159,200
194,400
209,700
219,257
263,100
317,500
350,500
370,953
433,200
473,500
500,900
537,014
552,800
585,600
612,100
685,595
713,600
727,000
744,000
749,789
751,881
761,490
775,731
761,611
765,851
771,419
787,414
1,006,628
1,008,927
994,646
982,567
954,108
955,147
993,741
1,150,239
1,208,310
1,266,749
1,315,341
1,327,832
1,300,048
1,321,406
1,501,369
1,549,377
1,733,416
1,776,345
1,700,522
1,819,416
1,916,785
1,986,501
2,217,661
2,338,536
2,537,271
2,662,760
2,671,151
2,636,869
2,649,362
2,638,765
2,638,159
2,651,604
2,590,962
2,601,801
2,587,398
2,609,755
2,713,575
2,753,697
2,798,807
3,146,361
3,434,429
3,612,538
3,703,990
3,934,198
3,988,026
4,001,790
4,649,352
4,436,860
4,454,523
4,518,462
4,650,854
4,866,577
4,926,714
5,020,836
5,131,965
5,349,235
5,460,044
5,552,903
5,785,290
5,856,363
6,334,151
6,114,772
6,337,128
6,626,220
6,560,534
6,660,656
6,744,941
7,358,723
7,103,438
7,136,988
7,252,801
7,627,684
7,434,867
7,647,050
7,632,928
7,634,697
7,637,844
7,712,203
7,675,800
8,132,945
7,751,054
7,771,813
7,804,255
7,951,847
8,146,045
8,238,114
8,345,935
8,561,308
8,661,968

8,661,968

8,561,308

8,345,935

8,238,114

8,146,045

7,951,847

7,804,255

7,771,813

7,751,054

8,132,945

7,675,800

7,712,203

7,637,844

7,634,697

7,632,928

7,647,050

7,434,867

7,627,684

7,252,801

7,136,988

7,103,438

7,358,723

6,744,941

6,660,656

6,560,534

6,626,220

6,337,128

6,114,772

6,334,151

5,856,363

5,785,290

5,552,903

5,460,044

5,349,235

5,131,965

5,020,836

4,926,714

4,866,577

4,650,854

4,518,462

4,454,523

4,436,860

4,649,352

4,001,790

3,988,026

3,934,198

3,703,990

3,612,538

3,434,429

3,146,361

2,798,807

2,753,697

2,713,575

2,609,755

2,587,398

2,601,801

2,590,962

2,651,604

2,638,159

2,638,765

2,649,362

2,636,869

2,671,151

2,662,760

2,537,271

2,338,536

2,217,661

1,986,501

1,916,785

1,819,416

1,700,522

1,776,345

1,733,416

1,549,377

1,501,369

1,321,406

1,300,048

1,327,832

1,315,341

1,266,749

1,208,310

1,150,239

993,741

955,147

954,108

982,567

994,646

1,008,927

1,006,628

787,414

771,419

765,851

761,611

775,731

761,490

751,881

749,789

744,000

727,000

713,600

685,595

612,100

585,600

552,800

537,014

500,900

473,500

433,200

370,953

350,500

317,500

263,100

219,257

209,700

194,400

159,200

152,200

124,100

99,200

91,700

91,600

45,500

45,200

23,100

23,400

12,200

12,300

12,400

12,500

12,600

12,700

12,900

13,200

13,600

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200
200
0
200
200
200
200
200
200
200
0
200
0
200
0
0
0
0
0
0
0
0
0
0
2,200
200
695
400
800
10,800
2,222
1,300
800
5,300
2,687
10,600
800
5,800
4,974
600
5,400
1,600
21,689
6,120
4,060
5,086
4,260
25,822
22,078
21,572
9,057
6,619
7,009
20,553
2,964
16,329
15,955
17,497
8,822
93,706
102,596
106,191
47,511
111,335
126,710
143,774
190,394
224,181
222,481
231,603
260,779
279,933
214,501
230,967
342,074
331,113
275,255
200,037
131,316
156,971
169,296
149,133
115,339
130,155
113,176
103,730
63,062
62,100
62,748
78,517
41,432
73,280
44,714
221,833
113,285
108,832
366,841
96,452
87,450
85,794
167,959
84,536
83,825
74,844
69,903
69,102
99,605
105,798
52,348
70,707
350,912
72,735
36,811
287,842
41,060
43,079
45,795
643,265
161,138
136,705
36,670
402,205
42,676
257,148
309,088
368,488
333,120
369,282
312,285
597,664
219,418
94,762
44,854
38,667
43,537
40,869
37,824
129,182
51,231

51,231

129,182

37,824

40,869

43,537

38,667

44,854

94,762

219,418

597,664

312,285

369,282

333,120

368,488

309,088

257,148

42,676

402,205

36,670

136,705

161,138

643,265

45,795

43,079

41,060

287,842

36,811

72,735

350,912

70,707

52,348

105,798

99,605

69,102

69,903

74,844

83,825

84,536

167,959

85,794

87,450

96,452

366,841

108,832

113,285

221,833

44,714

73,280

41,432

78,517

62,748

62,100

63,062

103,730

113,176

130,155

115,339

149,133

169,296

156,971

131,316

200,037

275,255

331,113

342,074

230,967

214,501

279,933

260,779

231,603

222,481

224,181

190,394

143,774

126,710

111,335

47,511

106,191

102,596

93,706

8,822

17,497

15,955

16,329

2,964

20,553

7,009

6,619

9,057

21,572

22,078

25,822

4,260

5,086

4,060

6,120

21,689

1,600

5,400

600

4,974

5,800

800

10,600

2,687

5,300

800

1,300

2,222

10,800

800

400

695

200

2,200

200

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,200
200
301
400
800
10,800
1,410
1,300
800
5,300
2,160
10,600
800
5,800
1,442
600
5,400
1,600
3,329
4,510
2,101
3,346
2,190
11,454
8,099
9,344
6,974
4,963
4,218
3,566
1,737
4,851
3,401
4,120
4,364
2,613
10,105
16,921
1,947
3,149
9,346
11,856
8,234
20,322
4,682
9,211
1,675
56,561
2,516
26,443
27,499
11,838
4,873
2,514
2,626
1,858
1,573
23,251
15,225
31,243
51,832
4,009
2,048
2,557
3,588
19,678
2,082
3,033
2,907
141,446
2,076
3,442
236,916
6,530
1,485
5,926
85,358
4,904
10,604
4,456
2,448
2,615
14,260
8,203
2,371
5,916
294,540
34,418
4,450
254,263
1,364
4,002
1,885
607,672
114,267
80,521
2,209
353,688
1,112
217,383
224,560
294,860
267,236
311,231
249,558
543,526
171,322
53,736
3,289
3,277
2,505
3,240
2,281
77,137
1,189

1,189

77,137

2,281

3,240

2,505

3,277

3,289

53,736

171,322

543,526

249,558

311,231

267,236

294,860

224,560

217,383

1,112

353,688

2,209

80,521

114,267

607,672

1,885

4,002

1,364

254,263

4,450

34,418

294,540

5,916

2,371

8,203

14,260

2,615

2,448

4,456

10,604

4,904

85,358

5,926

1,485

6,530

236,916

3,442

2,076

141,446

2,907

3,033

2,082

19,678

3,588

2,557

2,048

4,009

51,832

31,243

15,225

23,251

1,573

1,858

2,626

2,514

4,873

11,838

27,499

26,443

2,516

56,561

1,675

9,211

4,682

20,322

8,234

11,856

9,346

3,149

1,947

16,921

10,105

2,613

4,364

4,120

3,401

4,851

1,737

3,566

4,218

4,963

6,974

9,344

8,099

11,454

2,190

3,346

2,101

4,510

3,329

1,600

5,400

600

1,442

5,800

800

10,600

2,160

5,300

800

1,300

1,410

10,800

800

400

301

200

2,200

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,191
0
0
86,467
36,587
36,054
37,707
39,158
4,139
4,958
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,096
13,719
14,173
14,755
11,721
12,034
12,087
12,075
11,626
11,132
10,832
10,974
11,115
10,801
10,580
189
36
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

189

10,580

10,801

11,115

10,974

10,832

11,132

11,626

12,075

12,087

12,034

11,721

14,755

14,173

13,719

13,096

4,958

4,139

39,158

37,707

36,054

36,587

86,467

30,191

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200
200
0
200
200
200
200
200
200
200
0
200
0
200
0
0
0
0
0
0
0
0
0
0
0
0
394
394
0
0
812
0
812
0
527
0
0
0
3,532
0
0
0
18,360
1,610
1,959
1,740
2,070
1,606
1,278
1,907
2,083
1,656
2,791
963
1,227
767
1,747
3,296
4,458
3,935
3,641
6,730
45,564
42,122
46,294
51,607
51,086
51,981
24,328
23,269
30,945
32,591
42,158
67,650
65,964
113,891
94,312
71,300
3,612
26,618
2,812
27,302
1,946
27,134
3,645
26,919
3,403
2,831
2,424
1,513
2,149
1,563
1,456
1,220
56,340
56,305
54,872
44,840
46,023
49,393
47,460
39,386
39,747
38,781
37,765
37,534
37,561
39,369
32,697
32,313
29,771
28,660
27,896
29,381
30,233
30,224
28,666
27,858
29,184
31,030
30,705
31,452
31,771
32,806
78,104
65,880
58,296
50,061
41,483
36,469
35,096
33,543
31,677
31,209
31,407
30,713
30,668
30,919
38,260

38,260

30,919

30,668

30,713

31,407

31,209

31,677

33,543

35,096

36,469

41,483

50,061

58,296

65,880

78,104

32,806

31,771

31,452

30,705

31,030

29,184

27,858

28,666

30,224

30,233

29,381

27,896

28,660

29,771

32,313

32,697

39,369

37,561

37,534

37,765

38,781

39,747

39,386

47,460

49,393

46,023

44,840

54,872

56,305

56,340

1,220

1,456

1,563

2,149

1,513

2,424

2,831

3,403

26,919

3,645

27,134

1,946

27,302

2,812

26,618

3,612

71,300

94,312

113,891

65,964

67,650

42,158

32,591

30,945

23,269

24,328

51,981

51,086

51,607

46,294

42,122

45,564

6,730

3,641

3,935

4,458

3,296

1,747

767

1,227

963

2,791

1,656

2,083

1,907

1,278

1,606

2,070

1,740

1,959

1,610

18,360

3,532

527

812

394

200

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-86,467
0
0
0
0
-4,139
-4,958
0
0
23,972
29,606
42,060
0
25,745
0
25,766
40,807
25,535
56,712
25,386
25,398
62,388
68,684
25,330
79,167
12,781
11,874
14,189
13,535
12,877
12,221
14,824
14,111
16,453
15,744
15,105
14,386
4,003
3,662
3,396
3,055
2,715
2,394
2,124
1,775
5,380
5,062
4,781
4,426
4,081
3,757
3,468
3,104
2,783
2,461
2,809
2,340
1,917
1,492
8,508
7,960
7,443
6,921
6,427
4,181
5,352
4,830
-7,498
-100,405
3,243

3,243

-100,405

-7,498

4,830

5,352

4,181

6,427

6,921

7,443

7,960

8,508

1,492

1,917

2,340

2,809

2,461

2,783

3,104

3,468

3,757

4,081

4,426

4,781

5,062

5,380

1,775

2,124

2,394

2,715

3,055

3,396

3,662

4,003

14,386

15,105

15,744

16,453

14,111

14,824

12,221

12,877

13,535

14,189

11,874

12,781

79,167

25,330

68,684

62,388

25,398

25,386

56,712

25,535

40,807

25,766

25,745

42,060

29,606

23,972

-4,958

-4,139

-86,467

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,000
12,100
0
11,900
11,800
11,800
11,700
11,600
11,500
11,100
11,000
10,900
10,800
22,200
22,000
21,900
38,300
38,600
51,900
60,700
69,000
88,000
106,100
108,900
136,500
152,200
212,786
194,600
227,600
249,600
361,444
421,500
461,900
366,100
523,649
524,700
564,900
584,300
662,607
683,900
673,900
550,100
707,627
724,718
735,279
747,688
655,329
2,101
6,054
5,624
957,772
963,069
946,999
122,115
914,406
106,178
949,314
128,395
1,161,465
37,560
36,437
33,293
29,307
28,467
117,364
131,918
1,543,022
1,464,552
1,368,646
1,467,063
1,656,006
1,599,141
1,908,874
4,568
4,139
2,347,588
2,308,493
2,352,712
2,518,046
2,481,794
2,468,863
2,502,471
2,475,623
2,471,646
2,474,222
2,506,025
2,650,513
2,691,597
2,736,059
3,067,844
3,392,997
3,539,258
3,659,276
3,712,365
3,874,741
3,892,958
4,282,511
4,340,408
4,367,073
4,432,668
4,482,895
4,782,041
4,842,889
4,945,992
5,062,062
5,280,133
5,360,439
5,447,105
5,732,942
5,785,656
5,983,239
6,042,037
6,300,317
6,338,378
6,519,474
6,617,577
6,699,146
6,715,458
6,942,300
7,000,283
7,216,131
7,225,479
7,392,191
7,389,902
7,323,840
7,266,209
7,304,724
7,342,921
7,363,515
7,535,281
7,531,636
7,677,051
7,759,401
7,913,180
8,102,508
8,197,245
8,308,111
8,432,126
8,610,737

8,610,737

8,432,126

8,308,111

8,197,245

8,102,508

7,913,180

7,759,401

7,677,051

7,531,636

7,535,281

7,363,515

7,342,921

7,304,724

7,266,209

7,323,840

7,389,902

7,392,191

7,225,479

7,216,131

7,000,283

6,942,300

6,715,458

6,699,146

6,617,577

6,519,474

6,338,378

6,300,317

6,042,037

5,983,239

5,785,656

5,732,942

5,447,105

5,360,439

5,280,133

5,062,062

4,945,992

4,842,889

4,782,041

4,482,895

4,432,668

4,367,073

4,340,408

4,282,511

3,892,958

3,874,741

3,712,365

3,659,276

3,539,258

3,392,997

3,067,844

2,736,059

2,691,597

2,650,513

2,506,025

2,474,222

2,471,646

2,475,623

2,502,471

2,468,863

2,481,794

2,518,046

2,352,712

2,308,493

2,347,588

4,139

4,568

1,908,874

1,599,141

1,656,006

1,467,063

1,368,646

1,464,552

1,543,022

131,918

117,364

28,467

29,307

33,293

36,437

37,560

1,161,465

128,395

949,314

106,178

914,406

122,115

946,999

963,069

957,772

5,624

6,054

2,101

655,329

747,688

735,279

724,718

707,627

550,100

673,900

683,900

662,607

584,300

564,900

524,700

523,649

366,100

461,900

421,500

361,444

249,600

227,600

194,600

212,786

152,200

136,500

108,900

106,100

88,000

69,000

60,700

51,900

38,600

38,300

21,900

22,000

22,200

10,800

10,900

11,000

11,100

11,500

11,600

11,700

11,800

11,900

12,100

12,000

Property Plant Equipment

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,000
12,100
0
11,900
11,800
11,800
11,700
11,600
11,500
11,100
11,000
10,900
10,800
22,200
22,000
21,900
38,300
38,600
51,900
60,700
69,000
88,000
106,100
108,900
136,500
152,200
155,957
194,600
227,600
249,600
361,444
421,500
461,900
366,100
519,724
524,700
564,900
584,300
658,757
683,900
673,900
550,100
671,684
665,779
665,223
663,737
638,179
621,320
616,986
615,131
813,552
823,298
820,635
815,271
811,773
806,612
828,112
966,998
990,094
1,087,997
1,127,289
63,521
58,049
66,064
71,070
80,311
131,074
1,412,571
1,344,318
1,443,794
1,740,489
1,566,550
1,866,716
1,970,272
2,093,343
2,228,739
2,302,634
2,344,838
2,389,134
2,383,204
2,379,345
2,377,875
2,361,144
2,354,460
2,365,582
2,437,158
2,519,950
2,560,213
2,603,827
2,919,942
3,224,023
3,393,906
3,510,773
3,565,782
3,769,817
0
4,158,943
0
4,253,364
4,316,989
0
4,662,775
4,717,680
4,823,155
4,935,472
5,163,123
5,256,274
5,343,433
5,630,117
5,677,881
5,881,280
5,944,220
6,198,346
6,241,667
6,428,928
6,529,910
6,609,368
6,624,165
6,853,757
6,900,747
7,110,598
7,121,156
7,290,025
7,285,236
7,221,418
7,167,992
7,208,661
7,249,613
7,270,513
7,442,473
7,444,289
7,591,643
7,674,508
7,818,682
8,016,676
8,104,940
8,216,097
8,342,955
0

8,342,955

8,216,097

8,104,940

8,016,676

7,818,682

7,674,508

7,591,643

7,444,289

7,442,473

7,270,513

7,249,613

7,208,661

7,167,992

7,221,418

7,285,236

7,290,025

7,121,156

7,110,598

6,900,747

6,853,757

6,624,165

6,609,368

6,529,910

6,428,928

6,241,667

6,198,346

5,944,220

5,881,280

5,677,881

5,630,117

5,343,433

5,256,274

5,163,123

4,935,472

4,823,155

4,717,680

4,662,775

4,316,989

4,253,364

4,158,943

3,769,817

3,565,782

3,510,773

3,393,906

3,224,023

2,919,942

2,603,827

2,560,213

2,519,950

2,437,158

2,365,582

2,354,460

2,361,144

2,377,875

2,379,345

2,383,204

2,389,134

2,344,838

2,302,634

2,228,739

2,093,343

1,970,272

1,866,716

1,566,550

1,740,489

1,443,794

1,344,318

1,412,571

131,074

80,311

71,070

66,064

58,049

63,521

1,127,289

1,087,997

990,094

966,998

828,112

806,612

811,773

815,271

820,635

823,298

813,552

615,131

616,986

621,320

638,179

663,737

665,223

665,779

671,684

550,100

673,900

683,900

658,757

584,300

564,900

524,700

519,724

366,100

461,900

421,500

361,444

249,600

227,600

194,600

155,957

152,200

136,500

108,900

106,100

88,000

69,000

60,700

51,900

38,600

38,300

21,900

22,000

22,200

10,800

10,900

11,000

11,100

11,500

11,600

11,700

11,800

11,900

12,100

12,000

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
96,650
94,155
0
0
0
0
92,760
0
95,301
0
50,805
44,591
0
42,668
33,444
32,280
30,368
28,870
55,872
23,363
22,159
47,623
36,332
17,566
12,432
12,296
13,733
13,213
19,651
11,997
21,675
21,397
288
13,961
7,010
4,498
3,615
5,408
5,671
6,498
12,736
9,709
5,557
562
3,461
0
0
0
0
0
0

3,461

562

5,557

9,709

12,736

6,498

5,671

5,408

3,615

4,498

7,010

13,961

288

21,397

21,675

11,997

19,651

13,213

13,733

12,296

12,432

17,566

36,332

47,623

22,159

23,363

55,872

28,870

30,368

32,280

33,444

42,668

44,591

50,805

95,301

92,760

94,155

96,650

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
54,255
45,341
45,435
44,568
43,182
75,964
71,601
70,259
70,604
68,582
76,625
77,521
80,055
77,737
75,335
72,242
71,149
69,842
68,638
64,881
60,685
62,246
54,389
50,872
50,200
47,949
50,431
50,010
54,266
59,355
61,782
76,417
77,663
75,150
72,472
69,539
57,581
70,630
70,365
67,496
65,239
62,982
50,389
61,652
59,440
56,796
54,811
52,814

52,814

54,811

56,796

59,440

61,652

50,389

62,982

65,239

67,496

70,365

70,630

57,581

69,539

72,472

75,150

77,663

76,417

61,782

59,355

54,266

50,010

50,431

47,949

50,200

50,872

54,389

62,246

60,685

64,881

68,638

69,842

71,149

72,242

75,335

77,737

80,055

77,521

76,625

68,582

70,604

70,259

71,601

75,964

43,182

44,568

45,435

45,341

54,255

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
500
400
0
500
600
500
500
600
700
1,000
0
1,100
0
1,000
0
0
0
0
0
0
0
0
0
0
55,700
57,300
5,776
68,100
89,100
90,100
7,287
10,400
10,800
129,500
10,678
17,500
19,900
22,000
18,014
29,100
47,700
192,300
20,473
21,043
22,151
22,957
102,022
737,928
743,287
760,218
39,799
39,239
40,638
839,899
36,738
832,640
28,472
1,004,347
38,023
1,135,483
1,176,308
1,188,348
1,223,230
1,181,604
1,257,295
1,273,685
1,733,416
87,612
109,395
120,750
1,916,785
107,427
94,286
2,103,001
2,191,058
-15,941
87,403
84,120
2,505,440
2,495,874
2,503,416
2,502,552
2,454,600
2,448,564
2,417,557
2,494,793
2,606,570
2,645,413
2,687,412
3,025,599
3,329,766
3,505,514
3,600,208
3,698,997
3,893,297
3,905,507
4,320,984
4,349,212
4,376,952
4,433,095
4,488,273
4,792,883
4,847,763
4,950,138
5,064,933
5,283,262
5,382,590
5,437,216
5,725,574
5,804,481
5,998,574
6,041,391
6,294,691
6,332,703
6,519,287
33,107
36,327
36,600
34,545
3,757
34,739
31,098
32,488
41,603
39,209
39,453
93,986
7,396,361
7,422,629
8,130,817
7,747,900
7,715,261
7,798,354
7,945,592
37,420
6,916
7,304
8,482,029
0

8,482,029

7,304

6,916

37,420

7,945,592

7,798,354

7,715,261

7,747,900

8,130,817

7,422,629

7,396,361

93,986

39,453

39,209

41,603

32,488

31,098

34,739

3,757

34,545

36,600

36,327

33,107

6,519,287

6,332,703

6,294,691

6,041,391

5,998,574

5,804,481

5,725,574

5,437,216

5,382,590

5,283,262

5,064,933

4,950,138

4,847,763

4,792,883

4,488,273

4,433,095

4,376,952

4,349,212

4,320,984

3,905,507

3,893,297

3,698,997

3,600,208

3,505,514

3,329,766

3,025,599

2,687,412

2,645,413

2,606,570

2,494,793

2,417,557

2,448,564

2,454,600

2,502,552

2,503,416

2,495,874

2,505,440

84,120

87,403

-15,941

2,191,058

2,103,001

94,286

107,427

1,916,785

120,750

109,395

87,612

1,733,416

1,273,685

1,257,295

1,181,604

1,223,230

1,188,348

1,176,308

1,135,483

38,023

1,004,347

28,472

832,640

36,738

839,899

40,638

39,239

39,799

760,218

743,287

737,928

102,022

22,957

22,151

21,043

20,473

192,300

47,700

29,100

18,014

22,000

19,900

17,500

10,678

129,500

10,800

10,400

7,287

90,100

89,100

68,100

5,776

57,300

55,700

1,000

1,100

1,000

700

600

500

600

500

400

500

> Total 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
8,500
0
8,500
4,300
4,300
0
0
7,600
31,500
14,800
22,100
58,300
77,100
83,415
77,700
132,100
100,900
118,379
142,400
182,500
153,900
174,870
174,400
205,600
229,800
301,705
322,500
334,800
351,400
358,427
360,668
370,689
385,354
367,710
369,466
373,712
390,177
441,988
444,598
440,444
433,258
404,967
409,234
448,039
484,057
477,556
515,799
562,529
573,099
541,022
554,459
683,051
726,301
900,390
910,537
765,081
871,712
818,084
792,562
967,052
1,058,642
1,127,652
1,236,724
1,225,430
1,168,185
1,105,938
1,063,010
1,051,741
1,040,422
1,024,100
1,041,731
1,035,684
1,067,029
1,184,801
1,216,826
1,242,359
1,367,505
1,430,553
1,396,366
1,476,580
1,656,120
1,690,441
1,559,030
1,851,781
1,648,930
1,676,238
1,734,984
1,826,404
1,983,248
1,843,622
1,897,005
1,985,811
2,184,049
2,117,651
2,118,741
2,237,794
2,277,283
2,417,223
2,439,841
2,648,442
2,860,457
2,719,624
2,796,150
2,755,830
3,281,503
2,948,833
2,984,101
3,030,350
3,001,180
3,103,185
3,346,115
3,322,128
3,347,488
3,318,540
3,424,364
3,404,922
3,872,802
3,849,391
3,874,067
3,888,729
3,944,915
4,022,543
4,103,242
4,195,701
4,403,250
4,504,511

4,504,511

4,403,250

4,195,701

4,103,242

4,022,543

3,944,915

3,888,729

3,874,067

3,849,391

3,872,802

3,404,922

3,424,364

3,318,540

3,347,488

3,322,128

3,346,115

3,103,185

3,001,180

3,030,350

2,984,101

2,948,833

3,281,503

2,755,830

2,796,150

2,719,624

2,860,457

2,648,442

2,439,841

2,417,223

2,277,283

2,237,794

2,118,741

2,117,651

2,184,049

1,985,811

1,897,005

1,843,622

1,983,248

1,826,404

1,734,984

1,676,238

1,648,930

1,851,781

1,559,030

1,690,441

1,656,120

1,476,580

1,396,366

1,430,553

1,367,505

1,242,359

1,216,826

1,184,801

1,067,029

1,035,684

1,041,731

1,024,100

1,040,422

1,051,741

1,063,010

1,105,938

1,168,185

1,225,430

1,236,724

1,127,652

1,058,642

967,052

792,562

818,084

871,712

765,081

910,537

900,390

726,301

683,051

554,459

541,022

573,099

562,529

515,799

477,556

484,057

448,039

409,234

404,967

433,258

440,444

444,598

441,988

390,177

373,712

369,466

367,710

385,354

370,689

360,668

358,427

351,400

334,800

322,500

301,705

229,800

205,600

174,400

174,870

153,900

182,500

142,400

118,379

100,900

132,100

77,700

83,415

77,100

58,300

22,100

14,800

31,500

7,600

4,300

8,500

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
800
4,300
800
900
900
1,600
1,400
2,000
900
1,900
3,100
4,200
6,300
6,100
8,800
7,000
7,100
6,000
7,400
8,500
9,200
8,300
7,300
7,900
8,500
7,600
6,700
290,815
347,228
346,475
345,689
6,600
8,200
13,200
15,600
18,500
18,600
43,100
44,900
45,100
88,200
89,100
70,300
74,100
67,700
71,400
70,300
72,400
77,300
81,800
72,200
66,400
49,000
65,800
1,060,412
54,205
1,014,301
1,004,526
994,817
1,012,563
1,002,839
1,067,029
1,141,027
1,153,285
1,201,964
1,295,003
1,339,109
1,299,604
1,345,316
1,556,975
174,200
87,530
17,277
27,913
63,542
119,496
18,532
165,437
17,396
71,203
144,948
311,913
20,113
33,637
166,438
216,992
19,665
36,379
235,421
37,055
140,811
212,779
186,101
35,298
19,519
47,456
81,184
45,886
151,850
41,698
21,652
51,327
19,401
44,668
21,816
52,803
23,923
58,022
63,178
104,884
190,026
267,218
357,279
60,765
166,374

166,374

60,765

357,279

267,218

190,026

104,884

63,178

58,022

23,923

52,803

21,816

44,668

19,401

51,327

21,652

41,698

151,850

45,886

81,184

47,456

19,519

35,298

186,101

212,779

140,811

37,055

235,421

36,379

19,665

216,992

166,438

33,637

20,113

311,913

144,948

71,203

17,396

165,437

18,532

119,496

63,542

27,913

17,277

87,530

174,200

1,556,975

1,345,316

1,299,604

1,339,109

1,295,003

1,201,964

1,153,285

1,141,027

1,067,029

1,002,839

1,012,563

994,817

1,004,526

1,014,301

54,205

1,060,412

65,800

49,000

66,400

72,200

81,800

77,300

72,400

70,300

71,400

67,700

74,100

70,300

89,100

88,200

45,100

44,900

43,100

18,600

18,500

15,600

13,200

8,200

6,600

345,689

346,475

347,228

290,815

6,700

7,600

8,500

7,900

7,300

8,300

9,200

8,500

7,400

6,000

7,100

7,000

8,800

6,100

6,300

4,200

3,100

1,900

900

2,000

1,400

1,600

900

800

4,300

800

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,736
0
0
0
154,807
0
0
89,800
242,271
240,589
240,011
259,288
258,681
258,062
257,432
256,789
327,933
290,815
347,228
346,475
345,689
344,870
344,044
343,200
437,338
454,691
507,273
503,931
323,132
477,894
497,668
495,808
493,321
489,700
489,733
489,768
489,804
489,840
489,876
739,038
718,290
618,340
1,024,920
1,024,967
1,026,514
0
1,006,826
986,078
962,056
994,077
965,186
1,008,422
948,416
1,134,270
951,751
1,249,179
1,250,338
1,277,719
1,345,316
1,534,863
174,200
59,400
0
0
46,400
91,500
0
134,900
1,729,891
41,900
127,500
282,400
1,975,944
0
147,300
184,200
2,311,689
2,312,489
215,500
2,708,861
120,500
176,400
166,700
0
0
0
63,200
0
133,600
3,206,563
0
0
3,209,527
3,298,302
3,299,218
3,734,764
3,735,769
3,736,781
40,000
47,500
166,200
209,000
332,500
0
132,000

132,000

332,500

209,000

166,200

47,500

40,000

3,736,781

3,735,769

3,734,764

3,299,218

3,298,302

3,209,527

3,206,563

133,600

63,200

166,700

176,400

120,500

2,708,861

215,500

2,312,489

2,311,689

184,200

147,300

1,975,944

282,400

127,500

41,900

1,729,891

134,900

91,500

46,400

59,400

174,200

1,534,863

1,345,316

1,277,719

1,250,338

1,249,179

951,751

1,134,270

948,416

1,008,422

965,186

994,077

962,056

986,078

1,006,826

1,026,514

1,024,967

1,024,920

618,340

718,290

739,038

489,876

489,840

489,804

489,768

489,733

489,700

493,321

495,808

497,668

477,894

323,132

503,931

507,273

454,691

437,338

343,200

344,044

344,870

345,689

346,475

347,228

290,815

327,933

256,789

257,432

258,062

258,681

259,288

240,011

240,589

242,271

89,800

154,807

56,736

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,729,891
0
0
0
1,975,944
0
147,300
184,200
2,311,689
2,312,489
2,528,801
2,708,861
2,580,207
2,636,942
2,628,090
0
0
0
0
0
5,524
0
0
0
0
0
0
0
0
0
40,000
47,500
166,200
209,000
332,500
0
132,000

132,000

332,500

209,000

166,200

47,500

40,000

5,524

2,628,090

2,636,942

2,580,207

2,708,861

2,528,801

2,312,489

2,311,689

184,200

147,300

1,975,944

1,729,891

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
448
0
0
0
151
0
151
0
1,357
0
0
0
5,389
0
0
0
1,761
1,309
2,176
1,220
1,077
1,228
1,768
952
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
207,591
47,166
155,609
150,689
26,896
26,598
26,290
0
0
0
25,290
0
30,189
0
185,269
0
242,928
23,453
0
0
171,941
0
17,527
0
17,277
0
17,142
27,996
0
30,537
17,396
29,303
17,448
29,513
20,113
33,637
19,138
32,792
19,665
36,379
19,921
37,055
20,311
36,379
19,401
35,298
19,519
47,456
17,984
45,886
18,250
41,698
21,652
51,327
19,401
44,668
21,816
52,803
23,923
58,022
23,178
57,384
23,826
58,218
24,779
0
0

24,779

58,218

23,826

57,384

23,178

58,022

23,923

52,803

21,816

44,668

19,401

51,327

21,652

41,698

18,250

45,886

17,984

47,456

19,519

35,298

19,401

36,379

20,311

37,055

19,921

36,379

19,665

32,792

19,138

33,637

20,113

29,513

17,448

29,303

17,396

30,537

27,996

17,142

17,277

17,527

171,941

23,453

242,928

185,269

30,189

25,290

26,290

26,598

26,896

150,689

155,609

47,166

207,591

952

1,768

1,228

1,077

1,220

2,176

1,309

1,761

5,389

1,357

151

448

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
800
4,300
352
900
900
1,600
1,249
2,000
900
1,900
-54,993
4,200
6,300
6,100
-151,396
7,000
7,100
-83,800
-236,632
-233,398
-232,987
-252,208
-252,458
-251,390
-250,700
-250,141
-321,233
-290,815
-347,228
-346,475
3,560
-338,270
-335,844
-330,000
-421,738
-436,191
-488,673
-460,831
-278,232
-432,794
-409,468
-406,708
-423,021
-415,600
-422,033
-418,368
-419,504
-417,440
-620,167
-704,404
-801,699
-702,629
-1,002,816
-985,765
7,608
54,205
7,475
18,448
7,471
18,486
7,464
58,607
7,342
19,015
7,285
22,371
88,771
21,885
14,440
22,112
17,527
28,130
17,277
27,913
17,142
27,996
18,532
30,537
17,396
29,303
17,448
29,513
20,113
33,637
19,138
32,792
19,665
36,379
19,921
37,055
20,311
36,379
19,401
35,298
19,519
47,456
17,984
45,886
18,250
-3,164,865
21,652
51,327
19,401
44,668
21,816
-3,681,961
-3,711,846
58,022
23,178
57,384
23,826
58,218
24,779
60,765
34,374

34,374

60,765

24,779

58,218

23,826

57,384

23,178

58,022

-3,711,846

-3,681,961

21,816

44,668

19,401

51,327

21,652

-3,164,865

18,250

45,886

17,984

47,456

19,519

35,298

19,401

36,379

20,311

37,055

19,921

36,379

19,665

32,792

19,138

33,637

20,113

29,513

17,448

29,303

17,396

30,537

18,532

27,996

17,142

27,913

17,277

28,130

17,527

22,112

14,440

21,885

88,771

22,371

7,285

19,015

7,342

58,607

7,464

18,486

7,471

18,448

7,475

54,205

7,608

-985,765

-1,002,816

-702,629

-801,699

-704,404

-620,167

-417,440

-419,504

-418,368

-422,033

-415,600

-423,021

-406,708

-409,468

-432,794

-278,232

-460,831

-488,673

-436,191

-421,738

-330,000

-335,844

-338,270

3,560

-346,475

-347,228

-290,815

-321,233

-250,141

-250,700

-251,390

-252,458

-252,208

-232,987

-233,398

-236,632

-83,800

7,100

7,000

-151,396

6,100

6,300

4,200

-54,993

1,900

900

2,000

1,249

1,600

900

352

4,300

800

> Long-term 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
8,500
0
8,500
4,300
4,300
0
0
7,600
31,500
14,800
22,100
57,500
72,900
82,600
76,700
131,100
99,200
117,000
140,500
181,600
152,100
171,800
170,100
199,300
223,700
292,900
315,500
327,700
345,400
351,000
352,200
361,500
377,100
360,400
361,600
365,200
382,600
435,300
147,312
72,800
66,500
38,900
402,600
439,800
470,900
467,400
497,900
544,600
531,900
498,200
510,900
603,900
646,600
835,000
841,600
702,400
803,600
750,700
722,300
892,500
981,200
1,060,100
1,175,600
1,179,000
1,104,600
45,526
1,008,805
37,440
35,896
29,283
29,168
32,845
0
43,774
63,541
40,395
72,502
91,444
96,762
131,264
99,145
1,516,241
1,471,500
1,834,504
1,621,017
1,612,696
1,615,488
1,807,872
1,817,811
1,826,226
1,825,802
1,840,863
1,872,136
2,097,538
2,085,104
2,071,356
2,060,291
2,397,558
2,403,462
2,413,021
2,823,402
2,578,813
2,583,371
2,569,729
3,246,205
2,929,314
2,936,645
2,949,166
2,955,294
2,951,335
3,304,417
3,300,476
3,296,161
3,299,139
3,379,696
3,383,106
3,819,999
3,825,468
3,816,045
3,825,551
3,840,031
3,832,517
3,836,024
3,838,422
4,342,485
4,338,137

4,338,137

4,342,485

3,838,422

3,836,024

3,832,517

3,840,031

3,825,551

3,816,045

3,825,468

3,819,999

3,383,106

3,379,696

3,299,139

3,296,161

3,300,476

3,304,417

2,951,335

2,955,294

2,949,166

2,936,645

2,929,314

3,246,205

2,569,729

2,583,371

2,578,813

2,823,402

2,413,021

2,403,462

2,397,558

2,060,291

2,071,356

2,085,104

2,097,538

1,872,136

1,840,863

1,825,802

1,826,226

1,817,811

1,807,872

1,615,488

1,612,696

1,621,017

1,834,504

1,471,500

1,516,241

99,145

131,264

96,762

91,444

72,502

40,395

63,541

43,774

32,845

29,168

29,283

35,896

37,440

1,008,805

45,526

1,104,600

1,179,000

1,175,600

1,060,100

981,200

892,500

722,300

750,700

803,600

702,400

841,600

835,000

646,600

603,900

510,900

498,200

531,900

544,600

497,900

467,400

470,900

439,800

402,600

38,900

66,500

72,800

147,312

435,300

382,600

365,200

361,600

360,400

377,100

361,500

352,200

351,000

345,400

327,700

315,500

292,900

223,700

199,300

170,100

171,800

152,100

181,600

140,500

117,000

99,200

131,100

76,700

82,600

72,900

57,500

22,100

14,800

31,500

7,600

4,300

8,500

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
975,479
1,272,632
0
0
0
0
1,412,764
0
1,746,579
0
1,523,659
1,523,667
0
1,725,959
1,741,054
1,740,910
1,740,463
1,740,206
1,975,944
1,969,789
1,970,379
1,970,976
2,311,689
2,312,489
2,313,301
2,708,861
2,459,707
2,460,542
2,461,390
3,148,160
2,851,395
2,852,214
2,853,053
2,853,901
2,854,757
3,218,458
3,219,276
3,220,098
3,220,922
3,309,524
3,310,267
3,745,639
3,746,466
3,747,296
3,748,142
3,748,994
3,749,854
3,750,719
3,742,012
4,227,164
0

4,227,164

3,742,012

3,750,719

3,749,854

3,748,994

3,748,142

3,747,296

3,746,466

3,745,639

3,310,267

3,309,524

3,220,922

3,220,098

3,219,276

3,218,458

2,854,757

2,853,901

2,853,053

2,852,214

2,851,395

3,148,160

2,461,390

2,460,542

2,459,707

2,708,861

2,313,301

2,312,489

2,311,689

1,970,976

1,970,379

1,969,789

1,975,944

1,740,206

1,740,463

1,740,910

1,741,054

1,725,959

1,523,667

1,523,659

1,746,579

1,412,764

1,272,632

975,479

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,821
3,902
3,615
3,038
3,573
3,511
3,471
3,522
3,375
16,981
15,988
16,818
0
0
8,823
8,612
13,067
13,999
9,691
11,745
12,211
23,523
23,353
20,058
20,668
20,904
26,247
30,116
32,769
43,894
50,428
57,002
60,045
47,694
64,721
45,526
35,710
37,440
35,896
29,283
29,168
32,845
40,207
43,774
39,544
40,395
72,502
76,336
73,879
87,483
99,145
85,950
73,191
87,925
97,369
89,037
91,821
84,889
91,852
85,172
84,892
100,400
131,930
121,594
115,315
100,977
89,315
85,869
90,973
99,720
114,541
119,106
120,665
108,339
98,045
77,919
74,470
85,876
91,371
81,250
73,611
69,187
64,385
78,217
70,172
72,839
74,360
79,002
0
77,409
91,037
82,663
0
0
115,321
0

115,321

82,663

91,037

77,409

79,002

74,360

72,839

70,172

78,217

64,385

69,187

73,611

81,250

91,371

85,876

74,470

77,919

98,045

108,339

120,665

119,106

114,541

99,720

90,973

85,869

89,315

100,977

115,315

121,594

131,930

100,400

84,892

85,172

91,852

84,889

91,821

89,037

97,369

87,925

73,191

85,950

99,145

87,483

73,879

76,336

72,502

40,395

39,544

43,774

40,207

32,845

29,168

29,283

35,896

37,440

35,710

45,526

64,721

47,694

60,045

57,002

50,428

43,894

32,769

30,116

26,247

20,904

20,668

20,058

23,353

23,523

12,211

11,745

9,691

13,999

13,067

8,612

8,823

16,818

15,988

16,981

3,375

3,522

3,471

3,511

3,573

3,038

3,615

3,902

3,821

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,290
0
0
0
4,003
0
0
0
2,715
0
0
0
5,380
5,062
4,781
4,426
4,081
3,757
3,468
3,104
2,783
2,461
2,809
2,340
1,917
1,492
8,508
7,960
7,443
0
6,427
5,858
5,352
0
0
3,761
0

3,761

5,352

5,858

6,427

7,443

7,960

8,508

1,492

1,917

2,340

2,809

2,461

2,783

3,104

3,468

3,757

4,081

4,426

4,781

5,062

5,380

2,715

4,003

5,290

> Total Stockholder Equity

0
13,500
0
0
0
13,200
0
0
0
12,900
0
0
0
12,800
0
12,700
12,600
12,600
12,500
12,500
12,500
12,400
12,400
12,400
12,300
12,100
12,100
12,100
14,500
14,400
14,300
40,500
39,800
91,100
90,700
90,600
90,600
136,700
136,300
136,100
132,600
135,842
185,400
185,400
249,600
252,574
290,800
291,000
347,000
362,144
378,400
380,000
382,300
383,890
391,100
392,200
392,600
391,362
391,213
390,801
390,377
393,901
396,385
397,707
397,237
564,640
564,329
554,202
549,309
549,141
545,913
545,702
666,182
730,754
750,669
752,498
752,796
756,998
765,380
809,283
813,716
828,087
860,640
930,462
944,457
1,096,505
1,192,872
1,249,227
1,277,740
1,407,285
1,420,795
1,444,441
1,467,583
1,542,209
1,573,655
1,583,589
1,608,329
1,564,240
1,557,624
1,549,203
1,541,446
1,527,483
1,535,539
1,555,161
1,777,593
2,002,498
2,214,802
2,226,070
2,276,763
2,296,285
2,441,623
2,796,314
2,786,683
2,777,045
2,782,938
2,823,922
2,882,769
3,082,515
3,123,258
3,145,807
3,164,782
3,342,134
3,433,910
3,547,253
3,578,849
3,916,799
3,674,811
3,688,185
3,765,253
3,840,593
3,864,180
3,988,775
4,076,874
4,154,250
4,152,522
4,222,449
4,626,497
4,331,675
4,300,930
4,310,795
4,287,205
4,319,300
4,287,835
4,270,876
4,260,142
3,901,662
3,897,744
3,915,526
4,006,932
4,123,502
4,134,872
4,150,234
4,158,058
4,157,457

4,157,457

4,158,058

4,150,234

4,134,872

4,123,502

4,006,932

3,915,526

3,897,744

3,901,662

4,260,142

4,270,876

4,287,835

4,319,300

4,287,205

4,310,795

4,300,930

4,331,675

4,626,497

4,222,449

4,152,522

4,154,250

4,076,874

3,988,775

3,864,180

3,840,593

3,765,253

3,688,185

3,674,811

3,916,799

3,578,849

3,547,253

3,433,910

3,342,134

3,164,782

3,145,807

3,123,258

3,082,515

2,882,769

2,823,922

2,782,938

2,777,045

2,786,683

2,796,314

2,441,623

2,296,285

2,276,763

2,226,070

2,214,802

2,002,498

1,777,593

1,555,161

1,535,539

1,527,483

1,541,446

1,549,203

1,557,624

1,564,240

1,608,329

1,583,589

1,573,655

1,542,209

1,467,583

1,444,441

1,420,795

1,407,285

1,277,740

1,249,227

1,192,872

1,096,505

944,457

930,462

860,640

828,087

813,716

809,283

765,380

756,998

752,796

752,498

750,669

730,754

666,182

545,702

545,913

549,141

549,309

554,202

564,329

564,640

397,237

397,707

396,385

393,901

390,377

390,801

391,213

391,362

392,600

392,200

391,100

383,890

382,300

380,000

378,400

362,144

347,000

291,000

290,800

252,574

249,600

185,400

135,842

132,600

136,100

136,300

136,700

90,600

90,700

91,100

39,800

40,500

14,300

14,400

14,500

12,100

12,300

12,400

12,500

12,600

12,700

12,800

12,900

13,200

13,500

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
117
0
0
0
208
0
208
0
280
0
0
0
295
0
0
300
303
303
303
304
305
305
305
309
406
406
404
404
404
405
406
462
500
513
518
518
521
522
539
542
551
563
580
586
598
657
671
676
725
730
740
749
784
793
801
820
825
834
835
836
838
847
862
955
1,049
1,067
1,076
1,096
1,117
1,171
1,194
1,220
1,221
1,231
1,247
1,266
1,322
1,336
1,346
1,357
1,412
1,434
1,462
1,473
1,473
1,487
1,493
1,518
1,537
1,540
1,571
1,591
1,616
1,620
1,636
1,717
1,718
1,721
1,735
1,739
1,753
1,757
1,757
1,757
1,757
1,759
1,767
1,788
1,815
1,822
1,825
1,825
1,826

1,826

1,825

1,822

1,815

1,788

1,767

1,759

1,757

1,753

1,739

1,735

1,721

1,718

1,717

1,636

1,620

1,616

1,591

1,571

1,540

1,537

1,518

1,493

1,487

1,473

1,462

1,434

1,412

1,357

1,346

1,336

1,322

1,266

1,247

1,231

1,221

1,220

1,194

1,171

1,117

1,096

1,076

1,067

1,049

955

862

847

838

836

835

834

825

820

801

793

784

749

740

730

725

676

671

657

598

586

580

563

551

542

539

522

521

518

513

500

462

406

405

404

406

309

305

304

303

300

295

280

208

117

Retained Earnings Total Equity

-804,040

-802,999

-793,765

-786,526

-777,939

-759,232

-747,853

-720,241

-705,958

-683,525

-644,779

-611,537

-573,174

-526,684

-499,229

-469,646

-443,822

-432,845

-424,225

-372,877

-368,074

-357,216

-379,181

-370,758

-352,626

-334,413

-319,254

-306,568

-281,818

-262,451

-263,124

-237,712

-225,777

-207,022

-196,827

-188,843

-162,636

-147,837

-119,866

-90,952

-34,014

-21,922

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-50,000
0
0
-23,600
0
0
0
0
0
-2,228
0
0
0
0
1,254
1,254
0
3,596
3,783
3,631
5,219
5,593
6,731
1,630
1,597
2,818
3,215
3,848
3,285
3,321
4,866
2,432
511
660
569
1,198
1,661
3,322
-3,069
-3,039
-3,830
-3,775
-3,504
-3,448
-2,382
-1,567
-3,088
-2,548
-4,505
-6,944
-9,450
-9,491
-8,658
-8,517
-8,284
-18,015
-20,352
-19,658
-17,978
-21,071
-8,191
-8,224
-8,989
-14,367
-13,738
-15,509
-11,535
-8,012
-5,696
-6,588
-10,183
-17,674
-11,128
-18,362
-17,724
-17,082
-16,445
-15,077
-14,516
-15,535
-14,956
-14,373
-13,781
-13,186
-12,582
-11,975
-11,359
-10,739
-10,111

-10,111

-10,739

-11,359

-11,975

-12,582

-13,186

-13,781

-14,373

-14,956

-15,535

-14,516

-15,077

-16,445

-17,082

-17,724

-18,362

-11,128

-17,674

-10,183

-6,588

-5,696

-8,012

-11,535

-15,509

-13,738

-14,367

-8,989

-8,224

-8,191

-21,071

-17,978

-19,658

-20,352

-18,015

-8,284

-8,517

-8,658

-9,491

-9,450

-6,944

-4,505

-2,548

-3,088

-1,567

-2,382

-3,448

-3,504

-3,775

-3,830

-3,039

-3,069

3,322

1,661

1,198

569

660

511

2,432

4,866

3,321

3,285

3,848

3,215

2,818

1,597

1,630

6,731

5,593

5,219

3,631

3,783

3,596

1,254

-2,228

-23,600

-50,000

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,487,290
1,721,691
0
0
0
0
2,101,002
0
2,343,074
0
2,353,166
2,376,287
0
2,504,837
2,711,678
2,762,461
2,803,522
2,844,152
3,049,198
3,139,585
3,270,587
3,330,015
3,322,771
3,383,461
3,415,807
3,516,360
3,599,475
3,602,865
3,734,313
3,823,672
3,950,055
3,957,835
4,042,318
4,479,600
4,495,314
4,499,255
4,554,958
4,569,085
4,633,771
4,639,680
4,644,593
4,649,161
4,662,714
4,669,590
4,705,479
4,804,856
4,928,034
4,948,024
4,963,808
4,966,872
0

4,966,872

4,963,808

4,948,024

4,928,034

4,804,856

4,705,479

4,669,590

4,662,714

4,649,161

4,644,593

4,639,680

4,633,771

4,569,085

4,554,958

4,499,255

4,495,314

4,479,600

4,042,318

3,957,835

3,950,055

3,823,672

3,734,313

3,602,865

3,599,475

3,516,360

3,415,807

3,383,461

3,322,771

3,330,015

3,270,587

3,139,585

3,049,198

2,844,152

2,803,522

2,762,461

2,711,678

2,504,837

2,376,287

2,353,166

2,343,074

2,101,002

1,721,691

1,487,290

Treasury Stock

Other Stockholders Equity

0
13,400
0
0
0
13,300
0
0
0
13,400
0
0
0
13,400
0
13,400
13,300
13,400
13,400
13,400
13,400
13,300
13,400
13,400
13,400
13,400
13,400
13,400
15,900
15,900
15,800
41,900
42,500
92,200
92,200
92,200
92,300
138,800
138,700
138,800
138,800
138,630
187,700
187,700
251,500
254,299
292,200
292,200
347,600
361,793
382,300
383,500
384,900
386,755
393,700
397,100
392,300
396,403
396,988
397,399
397,830
398,449
398,933
399,478
401,229
578,761
529,625
524,857
548,905
525,843
526,398
527,801
623,714
688,880
712,138
716,924
718,516
722,125
722,849
755,172
762,003
778,485
803,414
837,630
850,788
873,885
1,009,466
1,041,350
1,053,034
1,175,364
1,181,989
1,203,491
1,225,068
1,302,351
1,347,870
1,360,133
1,396,744
1,408,491
1,418,074
1,421,381
1,425,069
1,429,750
1,448,689
1,487,290
1,721,691
1,958,225
1,990,633
2,015,121
2,075,112
2,101,002
2,260,488
2,343,074
2,347,014
2,353,166
2,376,287
2,432,733
2,504,837
2,711,678
2,762,461
2,803,522
2,844,152
3,049,198
3,139,585
3,270,587
3,330,015
3,322,771
3,383,461
3,415,807
3,516,360
3,599,475
3,602,865
3,734,313
3,823,672
3,950,055
3,957,835
4,042,318
4,479,600
4,495,314
4,499,255
4,554,958
4,569,085
4,633,771
4,639,680
4,644,593
4,649,161
4,662,715
4,669,590
4,705,479
4,804,856
4,928,034
4,948,024
4,963,808
4,966,872
4,971,625

4,971,625

4,966,872

4,963,808

4,948,024

4,928,034

4,804,856

4,705,479

4,669,590

4,662,715

4,649,161

4,644,593

4,639,680

4,633,771

4,569,085

4,554,958

4,499,255

4,495,314

4,479,600

4,042,318

3,957,835

3,950,055

3,823,672

3,734,313

3,602,865

3,599,475

3,516,360

3,415,807

3,383,461

3,322,771

3,330,015

3,270,587

3,139,585

3,049,198

2,844,152

2,803,522

2,762,461

2,711,678

2,504,837

2,432,733

2,376,287

2,353,166

2,347,014

2,343,074

2,260,488

2,101,002

2,075,112

2,015,121

1,990,633

1,958,225

1,721,691

1,487,290

1,448,689

1,429,750

1,425,069

1,421,381

1,418,074

1,408,491

1,396,744

1,360,133

1,347,870

1,302,351

1,225,068

1,203,491

1,181,989

1,175,364

1,053,034

1,041,350

1,009,466

873,885

850,788

837,630

803,414

778,485

762,003

755,172

722,849

722,125

718,516

716,924

712,138

688,880

623,714

527,801

526,398

525,843

548,905

524,857

529,625

578,761

401,229

399,478

398,933

398,449

397,830

397,399

396,988

396,403

392,300

397,100

393,700

386,755

384,900

383,500

382,300

361,793

347,600

292,200

254,299

251,500

187,700

138,630

138,800

138,700

138,800

92,300

92,200

42,500

41,900

15,800

15,900

13,400

13,300

13,400

13,300

13,400

13,300

13,400

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Accounts Payable	0	23,826	23,923	19,401	18,250	19,519	20,311	19,665	20,113	17,396	17,142	17,527	0	185,269	25,290	26,290	155,609	0	0	0	0	0	0	1,077	1,761	5,389	1,357	151	448	0	0	0	0	0	-	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Accumulated Other Comprehensive Income	-10,111	-12,582	-14,956	-16,445	-11,128	-5,696	-13,738	-8,191	-20,352	-8,658	-4,505	-2,382	-3,830	1,661	511	3,285	1,597	5,219	0	0	0	0	-50,000	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	3,599,475	3,322,771	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	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Stock	1,826	1,815	1,757	346,753	346,718	634,116	0	0	0	0	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	4,928,034	4,662,714	4,633,771	4,495,314	3,950,055	3,599,475	3,322,771	3,049,198	2,711,678	2,353,166	2,101,002	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Cash	1,189	2,505	171,322	267,236	1,112	114,267	1,364	294,540	14,260	10,604	1,485	2,076	2,082	2,048	15,225	2,626	27,499	1,675	8,234	1,947	4,364	1,737	6,974	2,190	3,329	1,442	2,160	1,410	301	0	0	0	0	0	-	-	-	-	-
Cash And Equivalents	0	2,505	171,322	267,236	1,112	114,267	1,364	294,540	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Cash And Short Term Investments	1,189	2,505	171,322	267,236	1,112	114,267	1,364	294,576	25,375	22,230	13,206	15,172	2,082	2,048	15,225	2,626	31,638	1,675	8,234	1,947	4,364	1,737	6,974	2,190	3,329	1,442	2,160	1,410	301	0	0	0	0	0	-	-	-	-	-
Common Stock	1,826	1,815	1,757	1,753	1,718	1,616	1,537	1,473	1,412	1,322	1,221	1,117	1,049	838	825	784	725	598	551	521	500	404	406	305	303	295	280	208	117	0	0	0	0	0	-	-	-	-	-
Common Stock Shares Outstanding	181,690	174,739	174,819	172,217	165,084	156,296	149,433	144,661	134,489	124,710	119,865	109,118	88,837	82,849	79,953	74,522	66,408	58,080	54,640	51,743	43,897	40,589	31,717	30,408	30,408	29,397	24,221	16,780	11,664	8,558	1,818	1,684	1,529	1,489	1,477	1,429	1,485	1,524	1,455
Common Stock Total Equity	0	1,815	1,757	1,753	1,718	1,616	1,537	1,473	1,412	1,322	1,221	1,117	1,049	838	825	784	725	598	551	521	500	404	406	305	303	295	280	208	117	0	0	0	0	0	-	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Liab	0	5,352	7,443	1,917	2,783	4,081	5,380	2,715	4,003	5,290	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	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	52,814	61,652	67,496	69,539	76,417	50,010	50,872	64,881	72,242	77,521	70,259	44,568	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Inventory	8,539	4,273	5,557	5,671	7,010	13,606	4,083	23,850	32,666	5,395	15,344	28,992	-25,187	32,076	72,423	101,106	248,611	228,159	131,074	58,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Liabilities And Stockholders Equity	8,661,968	8,146,045	7,751,054	7,637,844	7,434,867	7,103,438	6,560,534	6,334,151	5,460,044	4,926,714	4,454,523	3,988,026	3,434,429	2,713,575	2,590,962	2,649,362	2,537,271	1,915,687	1,733,416	1,300,048	1,208,310	954,108	1,006,628	761,611	749,789	685,595	537,014	370,953	219,257	152,200	91,600	23,100	12,200	12,400	12,700	12,900	12,900	13,200	13,600
Long Term Debt	4,228,544	3,749,854	3,746,466	3,220,922	2,854,757	2,851,395	2,459,707	2,311,689	1,975,944	1,741,054	1,523,659	1,412,764	1,269,819	995,730	966,337	1,051,803	946,880	776,737	861,045	524,241	465,138	384,589	435,333	360,381	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Debt Total	0	3,749,854	3,746,466	3,220,922	2,854,757	2,851,395	2,459,707	2,311,689	1,975,944	1,741,054	1,523,659	1,412,764	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	5,557	5,671	7,010	21,675	13,733	36,332	55,872	33,444	50,805	92,760	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	-	-	-	-	-
Net Debt	4,359,355	3,913,549	3,575,144	2,953,686	2,987,245	2,737,128	2,578,843	2,017,149	1,961,684	1,730,450	1,568,574	1,584,888	1,248,256	946,368	946,831	1,023,888	875,291	775,062	852,811	522,294	460,774	382,852	428,359	358,191	347,642	291,465	169,676	115,639	82,299	14,800	0	0	0	0	-	-	-	-	-
Net Invested Capital	8,518,001	8,039,556	7,648,128	7,195,222	6,975,032	6,373,145	5,788,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Receivables	38,260	31,407	35,096	58,296	31,771	29,184	30,233	29,771	37,561	39,747	46,023	56,340	2,149	3,403	1,946	3,612	65,964	30,945	51,086	45,564	4,458	1,227	2,083	2,070	18,360	3,532	527	812	394	0	0	0	0	200	-	-	-	-	-
Net Tangible Assets	0	4,123,502	3,901,662	3,974,300	3,986,675	3,521,750	3,208,093	2,996,799	2,767,134	2,507,515	2,202,045	2,008,785	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	-115,143	-145,703	195,495	311,802	-111,957	137,538	-105,131	331,247	79,492	66,429	23,908	-60,915	-1,297,677	-1,077,965	-879,478	-929,096	269,874	191,179	120,094	2,611	-3,678	-342,725	2,357	-3,040	14,289	-3,826	-413	822	-105	0	0	0	0	0	-	-	-	-	-
Non Current Assets Total	8,610,737	8,102,508	7,531,636	7,304,724	7,392,191	6,942,300	6,519,474	5,983,239	5,360,439	4,842,889	4,367,073	3,874,741	3,392,997	2,650,513	2,475,623	2,518,046	4,139	1,771,434	182,160	29,307	1,161,465	914,406	957,772	655,329	707,627	662,607	523,649	361,444	212,786	106,100	51,900	22,000	11,000	11,700	-	-	-	-	-
Non Current Liabilities Other	109,593	82,663	79,002	78,217	96,578	77,919	119,106	85,869	121,594	85,172	89,037	85,950	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	4,338,137	3,832,517	3,825,468	3,299,139	2,951,335	2,929,314	2,578,813	2,397,558	2,097,538	1,826,226	1,612,696	1,516,241	91,444	43,774	29,283	45,526	1,060,100	750,700	835,000	498,200	465,100	38,900	435,300	360,400	351,000	292,900	171,800	117,000	82,600	14,800	0	0	0	0	-	-	-	-	-
Non Currrent Assets Other	8,557,923	24,180	23,504	7,228,503	7,308,302	6,892,290	6,468,602	5,918,358	5,288,197	4,765,368	4,296,814	3,830,173	164,616	126,048	109,776	123,985	-2,159,307	-1,771,434	-182,160	-103,613	-1,161,465	-914,406	-957,772	-655,329	-707,627	-662,607	-523,649	-361,444	-212,786	-106,100	-51,900	-22,000	-11,000	-11,700	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	1	4	7	355	317	129	259	577	1,240	1,300	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	37,420	216,264	32,380	7,430,881	34,545	35,404	29,851	4,003	72,826	37,985	37,139	64,184	50,029	47,647	41,513	2,191,058	-116,526	1,360,862	1,223,230	38,023	36,738	39,799	102,022	20,473	18,014	10,678	7,287	5,776	0	0	0	0	500	-	-	-	-	-
Other Current Assets	3,243	5,352	7,443	1,917	2,783	4,081	5,380	2,715	4,003	16,453	12,877	12,781	62,388	25,535	25,745	23,972	-4,139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Liab	34,374	23,826	23,259	18,771	18,250	19,519	20,311	19,665	20,113	17,396	17,142	17,527	88,771	7,342	7,471	7,608	-801,699	-420,204	-423,021	-278,232	-424,838	3,560	-321,233	-252,458	-236,632	-151,396	-54,993	1,249	352	0	0	0	0	0	-	-	-	-	-
Other Liab	0	82,663	79,002	69,337	81,250	77,919	119,106	85,869	121,594	102,568	89,037	85,950	76,336	43,774	29,283	45,526	69,916	42,445	20,058	16,781	12,418	20,378	6,655	3,038	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Stockholder Equity	4,971,625	4,928,034	4,662,714	4,633,771	4,495,314	3,950,055	3,599,475	3,322,771	3,049,198	2,711,678	2,353,166	2,101,002	1,958,225	1,429,750	1,408,491	1,302,351	1,175,364	873,885	778,485	722,125	688,880	525,843	578,761	398,449	396,403	386,755	361,793	254,299	138,630	138,800	92,200	15,900	13,400	13,300	13,400	13,400	13,400	13,300	13,400
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	345,000	345,000	632,500	632,500	920,000	575,000	575,000	575,000	287,500	92,000	92,000	92,000	92,000	92,000	136,540	69,540	69,540	69,541	44,551	50,000	0	0	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	3,224,023	2,519,950	2,361,144	2,389,134	2,093,343	1,740,489	131,074	58,049	990,094	811,773	813,552	638,179	671,684	658,757	519,724	361,444	155,957	0	0	0	0	0	-	-	-	-	-
Property Plant And Equipment Net	0	8,016,676	7,440,636	6,682	7,472	0	0	0	0	0	0	0	3,224,023	2,519,950	2,361,144	2,389,134	2,093,343	1,740,489	131,074	58,049	990,094	811,773	813,552	638,179	671,684	658,757	519,724	361,444	155,957	106,100	51,900	22,000	11,000	11,700	-	-	-	-	-
Property Plant Equipment	0	8,020,814	7,444,289	7,208,661	7,290,025	6,853,757	6,428,928	5,881,280	5,256,274	4,717,680	4,253,364	3,769,817	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Retained Earnings	-805,883	-793,765	-747,853	-644,779	-499,229	-424,225	-379,181	-319,254	-263,124	-196,827	-147,837	-90,952	-44,946	3,234	62,413	143,789	137,599	80,263	-20,489	-35,188	-28,167	-21,657	-14,527	-4,853	-5,344	-3,160	71	-1,933	-2,904	-2,100	-1,100	-1,500	-1,300	-900	-800	-600	-500	-100	100
Retained Earnings Total Equity	0	-793,765	-747,853	-644,779	-499,229	-424,225	-379,181	-319,254	-263,124	-196,827	-147,837	-90,952	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	132,000	166,200	0	0	5,524	0	2,580,207	2,311,689	1,975,944	1,729,891	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	4,360,544	3,916,054	3,746,466	3,220,922	2,988,357	2,851,395	2,580,207	2,311,689	1,975,944	1,741,054	1,570,059	1,586,964	1,250,338	948,416	962,056	1,026,514	902,790	776,737	861,045	524,241	465,138	384,589	435,333	360,381	350,971	292,907	171,836	117,049	82,600	14,800	0	0	0	0	-	-	-	-	-
Short Term Debt	132,000	166,200	664	630	133,600	0	120,500	2,311,689	1,975,944	1,729,891	46,400	174,200	1,250,338	948,416	962,056	1,026,514	718,290	489,804	493,321	323,132	437,338	345,689	327,933	258,681	242,271	154,807	56,736	0	0	0	0	0	0	0	-	-	-	-	-
Short Term Investments	0	0	0	0	0	0	0	36	11,115	11,626	11,721	13,096	0	0	0	0	4,139	36,587	30,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Assets	8,661,968	8,146,045	7,751,054	7,637,844	7,434,867	7,103,438	6,560,534	6,334,151	5,460,044	4,926,714	4,454,523	3,988,026	3,434,429	2,713,575	2,590,962	2,649,362	2,537,271	1,915,687	1,733,416	1,300,048	1,208,310	954,108	1,006,628	761,611	749,789	685,595	537,014	370,953	219,257	152,200	91,600	23,100	12,200	12,400	12,700	12,900	12,900	13,200	13,600
Total Current Assets	51,231	43,537	219,418	333,120	42,676	161,138	41,060	350,912	99,605	83,825	87,450	113,285	41,432	63,062	115,339	131,316	342,074	260,779	190,394	47,511	8,822	2,964	9,057	4,260	21,689	4,974	2,687	2,222	695	0	0	0	0	200	-	-	-	-	-
Total Current Liabilities	166,374	190,026	23,923	19,401	151,850	19,519	140,811	19,665	20,113	17,396	63,542	174,200	1,339,109	1,141,027	994,817	1,060,412	72,200	69,600	70,300	44,900	12,500	345,689	6,700	7,300	7,400	8,800	3,100	1,400	800	0	0	0	0	0	-	-	-	-	-
Total Liab	4,504,511	4,022,543	3,849,391	3,318,540	3,103,185	2,948,833	2,719,624	2,417,223	2,117,651	1,843,622	1,676,238	1,690,441	1,430,553	1,184,801	1,024,100	1,105,938	1,127,652	818,084	900,390	541,022	477,556	404,967	441,988	367,710	358,427	301,705	174,870	118,379	83,415	14,800	0	0	0	0	-	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	3,840,910	3,916,928	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Stockholder Equity	4,157,457	4,123,502	3,901,662	4,319,300	4,331,675	4,154,250	3,840,593	3,916,799	3,342,134	3,082,515	2,777,045	2,296,285	2,002,498	1,527,483	1,564,240	1,542,209	1,407,285	1,096,505	828,087	756,998	730,754	549,141	564,640	393,901	391,362	383,890	362,144	252,574	135,842	136,700	91,100	14,400	12,100	12,400	12,600	12,800	12,900	13,200	13,500
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	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31	1985-12-31	1985-09-30
Accounts Payable	0	0	24,779	58,218	23,826	57,384	23,178	58,022	23,923	52,803	21,816	44,668	19,401	51,327	21,652	41,698	18,250	45,886	17,984	47,456	19,519	35,298	19,401	36,379	20,311	37,055	19,921	36,379	19,665	32,792	19,138	33,637	20,113	29,513	17,448	29,303	17,396	30,537	0	27,996	17,142	0	17,277	0	17,527	0	171,941	0	0	23,453	242,928	0	185,269	0	30,189	0	25,290	0	0	0	26,290	26,598	26,896	150,689	155,609	47,166	207,591	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	952	1,768	1,228	1,077	1,220	2,176	1,309	1,761	0	0	0	5,389	0	0	0	1,357	0	151	0	151	0	0	0	448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-10,111	-10,739	-11,359	-11,975	-12,582	-13,186	-13,781	-14,373	-14,956	-15,535	-14,516	-15,077	-16,445	-17,082	-17,724	-18,362	-11,128	-17,674	-10,183	-6,588	-5,696	-8,012	-11,535	-15,509	-13,738	-14,367	-8,989	-8,224	-8,191	-21,071	-17,978	-19,658	-20,352	-18,015	-8,284	-8,517	-8,658	-9,491	-9,450	-6,944	-4,505	-2,548	-3,088	-1,567	-2,382	-3,448	-3,504	-3,775	-3,830	-3,039	-3,069	3,322	1,661	1,198	569	660	511	2,432	4,866	3,321	3,285	3,848	3,215	2,818	1,597	1,630	6,731	5,593	5,219	3,631	3,783	3,596	0	1,254	1,254	0	0	0	0	-2,228	0	0	0	0	0	-23,600	0	0	-50,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	3,599,475	0	0	0	3,322,771	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	1,826	1,825	1,825	1,822	1,815	1,788	1,767	1,759	1,757	346,757	346,757	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,966,872	4,963,808	4,948,024	4,928,034	4,804,856	4,705,479	4,669,590	4,662,714	4,649,161	4,644,593	4,639,680	4,633,771	4,569,085	4,554,958	4,499,255	4,495,314	4,479,600	4,042,318	3,957,835	3,950,055	3,823,672	3,734,313	3,602,865	3,599,475	3,516,360	3,415,807	3,383,461	3,322,771	3,330,015	3,270,587	3,139,585	3,049,198	2,844,152	2,803,522	2,762,461	2,711,678	2,504,837	0	2,376,287	2,353,166	0	2,343,074	0	2,101,002	0	0	0	0	1,721,691	1,487,290	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,189	77,137	2,281	3,240	2,505	3,277	3,289	53,736	171,322	543,526	249,558	311,231	267,236	294,860	224,560	217,383	1,112	353,688	2,209	80,521	114,267	607,672	1,885	4,002	1,364	254,263	4,450	34,418	294,540	5,916	2,371	8,203	14,260	2,615	2,448	4,456	10,604	4,904	85,358	5,926	1,485	6,530	236,916	3,442	2,076	141,446	2,907	3,033	2,082	19,678	3,588	2,557	2,048	4,009	51,832	31,243	15,225	23,251	1,573	1,858	2,626	2,514	4,873	11,838	27,499	26,443	2,516	56,561	1,675	9,211	4,682	20,322	8,234	11,856	9,346	3,149	1,947	16,921	10,105	2,613	4,364	4,120	3,401	4,851	1,737	3,566	4,218	4,963	6,974	9,344	8,099	11,454	2,190	3,346	2,101	4,510	3,329	1,600	5,400	600	1,442	5,800	800	10,600	2,160	5,300	800	1,300	1,410	10,800	800	400	301	200	2,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Equivalents	0	77,137	2,281	3,240	2,505	3,277	3,289	53,736	171,322	543,526	249,558	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,189	77,137	2,281	3,240	2,505	3,277	3,289	53,736	171,322	543,526	249,558	311,231	267,236	294,860	224,560	217,383	1,112	353,688	2,209	80,521	114,267	607,672	1,885	4,002	1,364	254,263	4,450	34,418	294,576	6,105	12,951	19,004	25,375	13,589	13,280	15,588	22,230	16,979	97,445	17,960	13,206	21,285	251,089	17,161	15,172	141,446	2,907	3,033	2,082	19,678	3,588	2,557	2,048	4,009	51,832	31,243	15,225	23,251	1,573	1,858	2,626	2,514	4,873	16,796	31,638	26,443	2,516	56,561	1,675	95,678	4,682	20,322	8,234	11,856	9,346	3,149	1,947	16,921	10,105	2,613	4,364	4,120	3,401	4,851	1,737	3,566	4,218	4,963	6,974	9,344	8,099	11,454	2,190	3,346	2,101	4,510	3,329	1,600	5,400	600	1,442	5,800	800	10,600	2,160	5,300	800	1,300	1,410	10,800	800	400	301	200	2,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	1,826	1,825	1,825	1,822	1,815	1,788	1,767	1,759	1,757	1,757	1,757	1,757	1,753	1,739	1,735	1,721	1,718	1,717	1,636	1,620	1,616	1,591	1,571	1,540	1,537	1,518	1,493	1,487	1,473	1,473	1,462	1,434	1,412	1,357	1,346	1,336	1,322	1,266	1,247	1,231	1,221	1,220	1,194	1,171	1,117	1,096	1,076	1,067	1,049	955	862	847	838	836	835	834	825	820	801	793	784	749	740	730	725	676	671	657	598	586	580	563	551	542	539	522	521	518	518	513	500	462	406	405	404	404	404	406	406	309	305	305	305	304	303	303	303	300	0	0	295	0	0	0	280	0	208	0	208	0	0	0	117	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	1,819	181,721	181,628	181,434	179,472	177,368	175,108	174,911	174,868	174,739	174,727	174,715	174,589	172,782	171,485	171,232	171,175	165,362	162,352	161,614	159,772	157,286	154,204	153,393	152,148	149,668	148,719	147,280	146,763	146,682	143,977	141,326	137,623	134,246	133,601	132,110	128,813	125,045	122,833	121,867	121,309	121,230	120,866	115,850	112,013	110,340	107,459	106,211	98,671	87,788	84,726	83,570	83,123	82,915	82,825	82,446	82,321	80,455	79,265	78,254	78,166	73,818	73,169	72,447	72,315	67,029	66,664	60,472	60,333	58,225	57,785	56,957	55,408	53,901	53,914	53,539	51,868	51,969	51,768	51,052	50,711	45,404	40,751	40,572	40,305	40,592	40,449	40,710	40,638	30,906	30,707	30,544	30,516	30,435	30,378	30,336	30,326	30,345	31,304	30,625	29,697	29,412	29,688	29,333	27,500	23,750	23,226	21,613	21,613	16,452	15,517	14,286	14,286	11,429	11,481	11,923	7,586	7,586	7,407	7,727	3,750	3,750	1,818	1,818	1,600	1,600	1,538	1,667	1,500	1,500	1,538	1,304	1,600	1,600	1,600	1,364	1,304	1,304	1,250	1,500	1,667	1,667	1,667	1,364	1,538	1,538	1,538	1,538	1,538	1,538	1,538	1,481	1,538	1,538
Common Stock Total Equity	0	0	1,825	1,822	1,815	1,788	1,767	1,759	1,757	1,757	1,757	1,757	1,753	1,739	1,735	1,721	1,718	1,717	1,636	1,620	1,616	1,591	1,571	1,540	1,537	1,518	1,493	1,487	1,473	1,473	1,462	1,434	1,412	1,357	1,346	1,336	1,322	1,266	1,247	1,231	1,221	1,220	1,194	1,171	1,117	1,096	1,076	1,067	1,049	955	862	847	838	836	835	834	825	820	801	793	784	749	740	730	725	676	671	657	598	586	580	563	551	542	539	522	521	518	518	513	500	462	406	405	404	404	404	406	406	309	305	305	305	304	303	303	303	300	0	0	295	0	0	0	280	0	208	0	208	0	0	117	117	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-186,381	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	3,761	0	0	5,352	5,858	6,427	0	7,443	7,960	8,508	1,492	1,917	2,340	2,809	2,461	2,783	3,104	3,468	3,757	4,081	4,426	4,781	5,062	5,380	0	0	0	2,715	0	0	0	4,003	0	0	0	5,290	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	52,814	54,811	56,796	59,440	61,652	50,389	62,982	65,239	67,496	70,365	70,630	57,581	69,539	72,472	75,150	77,663	76,417	61,782	59,355	54,266	50,010	50,431	47,949	50,200	50,872	54,389	62,246	60,685	64,881	68,638	69,842	71,149	72,242	75,335	77,737	80,055	77,521	76,625	68,582	70,604	70,259	71,601	75,964	43,182	44,568	45,435	45,341	54,255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,539	121,531	0	2,086	4,273	4,181	3,461	562	5,557	9,709	12,736	6,498	5,671	5,408	3,615	4,498	7,010	13,961	288	21,397	13,606	3,309	10,463	3,791	4,083	2,423	2,341	7,263	23,850	29,234	3,304	43,763	32,666	3,593	3,753	4,731	5,395	14,060	8,230	6,220	15,344	16,792	46,691	23,492	28,992	0	40,351	0	-25,187	31,928	31,350	31,230	32,076	31,995	31,933	71,778	72,423	98,580	98,364	98,889	101,106	126,223	176,070	205,384	248,611	136,874	169,827	190,781	228,159	199,123	193,471	151,878	131,074	80,311	71,070	66,064	58,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,661,968	8,561,308	8,345,935	8,238,114	8,146,045	7,951,847	7,804,255	7,771,813	7,751,054	8,132,945	7,675,800	7,712,203	7,637,844	7,634,697	7,632,928	7,647,050	7,434,867	7,627,684	7,252,801	7,136,988	7,103,438	7,358,723	6,744,941	6,660,656	6,560,534	6,626,220	6,337,128	6,114,772	6,334,151	5,856,363	5,785,290	5,552,903	5,460,044	5,349,235	5,131,965	5,020,836	4,926,714	4,866,577	4,650,854	4,518,462	4,454,523	4,436,860	4,649,352	4,001,790	3,988,026	3,934,198	3,703,990	3,612,538	3,434,429	3,146,361	2,798,807	2,753,697	2,713,575	2,609,755	2,587,398	2,601,801	2,590,962	2,651,604	2,638,159	2,638,765	2,649,362	2,636,869	2,671,151	2,662,760	2,537,271	2,338,536	2,217,661	1,986,501	1,916,785	1,819,416	1,700,522	1,776,345	1,733,416	1,549,377	1,501,369	1,321,406	1,300,048	1,327,832	1,315,341	1,266,749	1,208,310	1,150,239	993,741	955,147	954,108	982,567	994,646	1,008,927	1,006,628	787,414	771,419	765,851	761,611	775,731	761,490	751,881	749,789	744,000	727,000	713,600	685,595	612,100	585,600	552,800	537,014	500,900	473,500	433,200	370,953	350,500	317,500	263,100	219,257	209,700	194,400	159,200	152,200	124,100	99,200	91,700	91,600	45,500	45,200	23,100	23,100	23,400	12,200	12,200	12,200	12,300	12,400	12,400	12,400	12,500	12,600	12,600	12,700	12,700	12,700	-	12,900	-	-	-	12,900	-	-	-	13,200	-	-	-	13,600	-
Long Term Debt	4,228,544	4,227,164	3,742,012	3,750,719	3,749,854	3,748,994	3,748,142	3,747,296	3,746,466	3,745,639	3,310,267	3,309,524	3,220,922	3,220,098	3,219,276	3,218,458	2,854,757	2,853,901	2,853,053	2,852,214	2,851,395	3,148,160	2,461,390	2,460,542	2,459,707	2,708,861	2,313,301	2,312,489	2,311,689	1,970,976	1,970,379	1,969,789	1,975,944	1,740,206	1,740,463	1,740,910	1,741,054	1,725,959	1,722,983	1,523,667	1,523,659	1,523,648	1,746,579	1,457,709	1,412,764	1,534,863	1,374,657	1,300,602	1,269,819	1,272,632	975,479	1,158,267	995,730	1,008,422	995,375	994,077	966,337	986,078	1,006,826	1,008,805	1,051,803	1,104,565	1,179,016	1,175,564	946,888	1,007,245	918,508	748,323	757,824	829,690	728,482	867,667	861,045	672,649	629,909	536,935	524,241	557,972	544,573	497,891	465,138	470,900	439,844	402,570	384,589	412,975	420,028	438,127	435,333	382,589	365,232	361,562	360,381	377,088	361,511	352,189	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	4,227,164	3,742,012	3,750,719	3,749,854	3,748,994	3,748,142	3,747,296	3,746,466	3,745,639	3,310,267	3,309,524	3,220,922	3,220,098	3,219,276	3,218,458	2,854,757	2,853,901	2,853,053	2,852,214	2,851,395	3,148,160	2,461,390	2,460,542	2,459,707	2,708,861	2,313,301	2,312,489	2,311,689	1,970,976	1,970,379	1,969,789	1,975,944	1,740,206	1,740,463	1,740,910	1,741,054	1,725,959	0	1,523,667	1,523,659	0	1,746,579	0	1,412,764	0	0	0	0	1,272,632	975,479	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	3,461	562	5,557	9,709	12,736	6,498	5,671	5,408	3,615	4,498	7,010	13,961	288	21,397	21,675	11,997	19,651	13,213	13,733	12,296	12,432	17,566	36,332	47,623	22,159	23,363	55,872	28,870	30,368	32,280	33,444	42,668	0	44,591	50,805	0	95,301	0	92,760	0	0	0	0	94,155	96,650	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	4,359,355	4,150,027	4,072,231	3,956,479	3,913,549	3,793,217	3,784,853	3,693,560	3,575,144	3,202,113	3,060,709	2,998,293	2,953,686	2,925,238	2,994,716	3,001,075	2,987,245	2,500,213	2,914,044	2,771,693	2,737,128	2,540,488	2,626,205	2,632,940	2,578,843	2,454,598	2,524,351	2,278,071	2,017,149	2,149,260	2,115,308	1,961,586	1,961,684	2,019,991	1,865,515	1,778,354	1,730,450	1,855,955	1,637,625	1,609,241	1,568,574	1,517,118	1,509,663	1,454,267	1,584,888	1,393,417	1,371,750	1,297,569	1,248,256	1,229,501	948,163	1,155,710	946,368	1,004,413	913,354	962,834	946,831	962,827	1,005,253	1,006,947	1,023,888	1,022,453	1,020,047	1,013,037	875,291	933,636	708,401	691,762	775,062	820,479	723,800	752,345	852,811	660,793	620,563	533,786	522,294	515,010	534,468	495,278	460,774	466,780	436,443	397,719	382,852	409,409	415,810	433,164	428,359	373,245	357,133	350,108	358,191	373,742	359,410	347,679	347,642	343,800	322,300	314,800	291,465	217,900	198,500	159,500	169,676	146,800	180,800	139,200	115,639	88,400	130,300	76,300	82,299	72,700	55,300	22,100	14,800	31,500	7,600	0	0	4,300	4,300	8,500	0	8,500	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	8,518,001	8,385,222	8,224,746	8,094,591	8,039,556	7,803,426	7,703,668	7,645,040	7,648,128	7,660,781	7,236,143	7,252,359	7,195,222	7,162,303	7,185,071	7,174,388	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	38,260	30,919	30,668	30,713	31,407	31,209	31,677	33,543	35,096	36,469	41,483	50,061	58,296	65,880	78,104	32,806	31,771	31,452	30,705	31,030	29,184	27,858	28,666	30,224	30,233	29,381	27,896	28,660	29,771	32,313	32,697	39,369	37,561	37,534	37,765	38,781	39,747	39,386	47,460	49,393	46,023	44,840	54,872	56,305	56,340	1,220	1,456	1,563	2,149	1,513	2,424	2,831	3,403	26,919	3,645	27,134	1,946	27,302	2,812	26,618	3,612	71,300	94,312	113,891	65,964	67,650	42,158	32,591	30,945	23,269	24,328	51,981	51,086	51,607	46,294	42,122	45,564	6,730	3,641	3,935	4,458	3,296	1,747	767	1,227	963	2,791	1,656	2,083	1,907	1,278	1,606	2,070	1,740	1,959	1,610	18,360	0	0	0	3,532	0	0	0	527	0	812	0	812	0	0	394	394	0	0	0	0	0	0	0	0	0	0	0	0	200	0	200	0	200	200	200	200	200	200	200	-	200	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Tangible Assets	0	4,115,615	4,150,234	4,134,872	4,123,502	3,956,543	3,915,526	3,897,744	3,901,662	3,915,142	3,925,876	3,942,835	3,974,300	3,942,205	3,965,795	3,955,930	3,986,675	3,993,997	3,589,949	3,520,022	3,521,750	3,444,374	3,356,275	3,231,680	3,208,093	3,132,753	3,055,685	3,042,311	2,996,799	3,003,849	2,972,253	2,858,910	2,767,134	2,589,782	2,570,807	2,548,258	2,507,515	2,307,769	0	2,207,938	2,202,045	0	2,221,314	0	2,008,785	0	0	0	0	1,685,593	1,463,161	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-115,143	68,417	-319,455	-226,349	-145,703	-66,217	-18,324	36,740	195,495	544,861	290,469	324,614	311,802	314,821	284,627	212,989	-109,174	356,319	-44,514	89,249	141,619	607,967	-140,306	-169,700	-99,751	250,787	-198,610	36,356	331,247	-146,285	-114,090	72,161	79,492	-242,811	-75,045	3,641	66,429	-80,901	149,427	-33,702	23,908	68,539	349,564	21,302	-60,915	-1,335,142	-1,300,602	-1,226,324	-1,297,677	-1,216,486	-1,139,216	-1,091,185	-1,077,965	-963,299	-889,663	-882,408	-879,478	-855,393	-845,005	102,766	-929,096	134,237	226,255	264,713	269,874	149,167	137,201	207,533	190,479	160,203	154,781	150,081	120,094	54,674	38,510	66,235	2,611	63,091	83,996	75,206	-6,778	4,297	7,755	9,729	-342,725	-325,922	-340,219	-284,196	2,357	13,972	13,578	17,922	-3,040	-3,214	-5,140	-2,380	14,289	-4,400	-1,700	-6,400	-3,826	-300	-5,500	6,400	-413	3,400	-100	-700	822	9,200	-100	-500	-105	-4,100	1,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	8,610,737	8,432,126	8,308,111	8,197,245	8,102,508	7,913,180	7,759,401	7,677,051	7,531,636	7,535,281	7,363,515	7,342,921	7,304,724	7,266,209	7,323,840	7,389,902	7,392,191	7,225,479	7,216,131	7,000,283	6,942,300	6,715,458	6,699,146	6,617,577	6,519,474	6,338,378	6,300,317	6,042,037	5,983,239	5,785,656	5,732,942	5,447,105	5,360,439	5,280,133	5,062,062	4,945,992	4,842,889	4,782,041	4,482,895	4,432,668	4,367,073	4,340,408	4,282,511	3,892,958	3,874,741	3,712,365	3,659,276	3,539,258	3,392,997	3,067,844	2,736,059	2,691,597	2,650,513	2,506,025	2,474,222	2,471,646	2,475,623	2,502,471	2,468,863	2,481,794	2,518,046	2,352,712	2,308,493	2,347,588	4,139	4,568	1,908,874	1,599,141	1,656,006	1,467,063	1,368,646	1,464,552	1,543,022	131,918	117,364	28,467	29,307	33,293	36,437	37,560	1,161,465	128,395	949,314	106,178	914,406	122,115	946,999	963,069	957,772	5,624	6,054	2,101	655,329	747,688	735,279	724,718	707,627	550,100	673,900	683,900	662,607	584,300	564,900	524,700	523,649	366,100	461,900	421,500	361,444	249,600	227,600	194,600	212,786	152,200	136,500	108,900	106,100	88,000	69,000	60,700	51,900	38,600	38,300	21,900	22,000	22,200	10,800	10,900	11,000	11,100	11,500	11,600	11,700	11,800	11,800	11,900	-	12,100	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	109,593	115,321	96,410	85,305	82,663	91,037	77,409	68,749	79,002	74,360	72,839	70,172	78,217	76,063	81,200	85,959	96,578	101,393	96,113	84,431	77,919	98,045	108,339	122,829	119,106	114,541	99,720	90,973	85,869	89,315	100,977	115,315	121,594	131,930	100,400	84,892	85,172	91,852	0	91,821	89,037	0	87,925	0	85,950	0	0	0	0	72,502	40,395	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,338,137	4,342,485	3,838,422	3,836,024	3,832,517	3,840,031	3,825,551	3,816,045	3,825,468	3,819,999	3,383,106	3,379,696	3,299,139	3,296,161	3,300,476	3,304,417	2,951,335	2,955,294	2,949,166	2,936,645	2,929,314	3,246,205	2,569,729	2,583,371	2,578,813	2,823,402	2,413,021	2,403,462	2,397,558	2,060,291	2,071,356	2,085,104	2,097,538	1,872,136	1,840,863	1,825,802	1,826,226	1,817,811	1,807,872	1,615,488	1,612,696	1,621,017	1,834,504	1,471,500	1,516,241	99,145	131,264	96,762	91,444	72,502	40,395	63,541	43,774	0	32,845	29,168	29,283	35,896	37,440	1,008,805	45,526	1,104,600	1,179,000	1,175,600	1,060,100	981,200	892,500	722,300	750,700	803,600	702,400	841,600	835,000	646,600	603,900	510,900	498,200	531,900	544,600	497,900	467,400	470,900	439,800	402,600	38,900	66,500	72,800	147,312	435,300	382,600	365,200	361,600	360,400	377,100	361,500	352,200	351,000	345,400	327,700	315,500	292,900	223,700	199,300	170,100	171,800	152,100	181,600	140,500	117,000	99,200	131,100	76,700	82,600	72,900	57,500	22,100	14,800	31,500	7,600	0	0	4,300	4,300	8,500	0	8,500	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	8,557,923	34,360	35,218	32,865	24,180	44,109	7,696,419	7,611,812	7,464,140	7,464,916	7,292,885	7,342,921	7,235,185	7,193,737	7,248,690	7,312,239	7,315,774	7,163,697	7,156,776	6,946,017	6,892,290	6,665,027	6,651,197	6,567,377	6,468,602	6,283,989	6,238,071	5,981,352	5,918,358	5,717,018	5,663,100	5,375,956	5,288,197	5,204,798	4,984,325	4,865,937	4,765,368	4,705,416	4,414,313	4,362,064	4,296,814	4,268,807	4,206,547	3,849,776	3,830,173	146,583	144,220	141,040	164,616	143,526	127,809	126,918	126,048	64,314	104,028	112,530	109,776	119,864	84,726	93,727	123,985	-2,352,712	-2,308,493	-2,347,588	-2,159,307	-2,033,354	-1,908,874	-1,599,141	-115,428	-1,467,063	-1,368,646	-1,464,552	1,360,862	-131,918	-117,364	-108,186	-103,613	-152,791	-1,219,780	-1,154,842	-1,161,465	-980,375	-949,314	-806,612	-914,406	-815,271	-946,999	-963,069	-957,772	-625,452	-629,687	-634,082	-655,329	-747,688	-735,279	-724,718	-707,627	-550,100	-673,900	-683,900	-662,607	-584,300	-564,900	-524,700	-523,649	-366,100	-461,900	-421,500	-361,444	-249,600	-227,600	-194,600	-212,786	-152,200	-136,500	-108,900	-106,100	-88,000	-69,000	-60,700	-51,900	-38,600	-38,300	-21,900	-22,000	-22,200	-10,800	-10,900	-11,000	-11,100	-11,500	-11,600	-11,700	-11,800	-11,800	-11,900	-	-12,100	-12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	2	1	1	2	4	4	4	5	5	7	7	2	365	355	346	336	326	317	510	501	120	129	231	243	252	259	404	347	573	577	560	0	540	1,240	0	1,257	0	1,300	0	0	0	0	1,263	1,287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	8,482,029	7,304	6,916	37,420	7,945,592	7,798,354	7,715,261	7,747,900	8,130,817	7,422,629	7,396,361	93,986	39,453	39,209	41,603	32,488	31,098	34,739	3,757	34,545	36,600	36,327	33,107	6,519,287	6,332,703	6,294,691	6,041,391	5,998,574	5,804,481	5,725,574	5,437,216	5,382,590	5,283,262	5,064,933	4,950,138	4,847,763	4,792,883	4,488,273	4,433,095	4,376,952	4,349,212	4,320,984	3,905,507	3,893,297	3,698,997	3,600,208	3,505,514	3,329,766	3,025,599	2,687,412	2,645,413	2,606,570	2,494,793	2,417,557	2,448,564	2,454,600	2,502,552	2,503,416	2,495,874	2,505,440	84,120	87,403	-15,941	2,191,058	2,103,001	94,286	107,427	1,916,785	120,750	109,395	87,612	1,733,416	1,273,685	1,257,295	1,181,604	1,223,230	1,188,348	1,176,308	1,135,483	38,023	1,004,347	28,472	832,640	36,738	839,899	40,638	39,239	39,799	760,218	743,287	737,928	102,022	22,957	22,151	21,043	20,473	192,300	47,700	29,100	18,014	22,000	19,900	17,500	10,678	129,500	10,800	10,400	7,287	90,100	89,100	68,100	5,776	57,300	55,700	0	0	0	0	0	0	0	0	0	0	1,000	0	1,100	0	1,000	700	600	500	500	600	500	-	400	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	3,243	-100,405	-7,498	4,830	5,352	4,181	6,427	6,921	7,443	7,960	8,508	1,492	1,917	2,340	2,809	2,461	2,783	3,104	3,468	3,757	4,081	4,426	4,781	5,062	5,380	1,775	2,124	2,394	2,715	3,055	3,396	3,662	4,003	14,386	15,105	15,744	16,453	14,111	14,824	12,221	12,877	13,535	14,189	11,874	12,781	79,167	25,330	68,684	62,388	25,398	25,386	56,712	25,535	40,807	25,766	0	25,745	0	42,060	29,606	23,972	0	0	-4,958	-4,139	0	0	0	0	-86,467	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	34,374	60,765	24,779	58,218	23,826	57,384	23,178	58,022	-3,711,846	-3,681,961	21,816	44,668	19,401	51,327	21,652	-3,164,865	18,250	45,886	17,984	47,456	19,519	35,298	19,401	36,379	20,311	37,055	19,921	36,379	19,665	32,792	19,138	33,637	20,113	29,513	17,448	29,303	17,396	30,537	18,532	27,996	17,142	27,913	17,277	28,130	17,527	22,112	14,440	21,885	88,771	22,371	7,285	19,015	7,342	58,607	7,464	18,486	7,471	18,448	7,475	54,205	7,608	-985,765	-1,002,816	-702,629	-801,699	-704,404	-620,167	-417,440	-419,504	-418,368	-422,033	-415,600	-423,021	-406,708	-409,468	-432,794	-278,232	-460,831	-488,673	-436,191	-421,738	-330,000	-335,844	-338,270	3,560	-346,475	-347,228	-290,815	-321,233	-250,141	-250,700	-251,390	-252,458	-252,208	-232,987	-233,398	-236,632	-83,800	7,100	7,000	-151,396	6,100	6,300	4,200	-54,993	1,900	900	2,000	1,249	1,600	900	900	352	4,300	800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liab	0	115,321	0	0	82,663	91,037	77,409	0	79,002	74,360	72,839	70,172	78,217	64,385	69,187	73,611	81,250	91,371	85,876	74,470	77,919	98,045	108,339	120,665	119,106	114,541	99,720	90,973	85,869	89,315	100,977	115,315	121,594	131,930	100,400	84,892	85,172	91,852	84,889	91,821	89,037	97,369	87,925	73,191	85,950	99,145	87,483	73,879	76,336	72,502	40,395	39,544	43,774	40,207	32,845	29,168	29,283	35,896	37,440	35,710	45,526	64,721	47,694	60,045	57,002	50,428	43,894	32,769	30,116	26,247	20,904	20,668	20,058	23,353	23,523	12,211	11,745	9,691	13,999	13,067	8,612	8,823	0	0	16,818	15,988	16,981	3,375	3,522	3,471	3,511	3,573	3,038	3,615	3,902	3,821	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,971,625	4,966,872	4,963,808	4,948,024	4,928,034	4,804,856	4,705,479	4,669,590	4,662,715	4,649,161	4,644,593	4,639,680	4,633,771	4,569,085	4,554,958	4,499,255	4,495,314	4,479,600	4,042,318	3,957,835	3,950,055	3,823,672	3,734,313	3,602,865	3,599,475	3,516,360	3,415,807	3,383,461	3,322,771	3,330,015	3,270,587	3,139,585	3,049,198	2,844,152	2,803,522	2,762,461	2,711,678	2,504,837	2,432,733	2,376,287	2,353,166	2,347,014	2,343,074	2,260,488	2,101,002	2,075,112	2,015,121	1,990,633	1,958,225	1,721,691	1,487,290	1,448,689	1,429,750	1,425,069	1,421,381	1,418,074	1,408,491	1,396,744	1,360,133	1,347,870	1,302,351	1,225,068	1,203,491	1,181,989	1,175,364	1,053,034	1,041,350	1,009,466	873,885	850,788	837,630	803,414	778,485	762,003	755,172	722,849	722,125	718,516	716,924	712,138	688,880	623,714	527,801	526,398	525,843	548,905	524,857	529,625	578,761	401,229	399,478	398,933	398,449	397,830	397,399	396,988	396,403	392,300	397,100	393,700	386,755	384,900	383,500	382,300	361,793	347,600	292,200	292,200	254,299	251,500	187,700	187,700	138,630	138,800	138,800	138,700	138,800	92,300	92,200	92,200	92,200	42,500	41,900	15,800	15,900	15,900	13,400	13,400	13,400	13,400	13,400	13,400	13,300	13,400	13,400	13,400	13,400	13,300	13,400	-	13,400	-	-	-	13,400	-	-	-	13,300	-	-	-	13,400	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	345,000	345,000	345,000	345,000	345,000	345,000	345,000	345,000	632,500	632,500	632,500	632,500	632,500	632,500	632,500	632,500	632,500	632,500	632,500	920,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	575,000	287,500	287,500	287,500	287,500	287,500	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	92,000	136,540	44,540	44,540	69,540	69,540	69,540	69,540	69,540	69,540	69,540	69,541	69,541	69,541	69,541	44,541	44,541	44,551	44,551	44,551	50,000	50,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,565,782	3,485,819	3,393,906	3,224,023	2,919,942	2,603,827	2,560,213	2,519,950	2,437,158	2,365,582	2,354,460	2,361,144	2,377,875	2,379,345	2,383,204	2,389,134	2,344,838	2,302,634	2,228,739	2,093,343	1,970,272	1,866,716	1,566,550	1,740,489	1,443,794	1,344,318	1,412,571	131,074	80,311	71,070	66,064	58,049	63,521	1,127,289	1,087,997	990,094	966,998	828,112	806,612	811,773	815,271	820,635	823,298	813,552	615,131	616,986	621,320	638,179	663,737	665,223	665,779	671,684	550,100	673,900	683,900	658,757	584,300	564,900	524,700	519,724	366,100	361,444	421,500	361,444	249,600	227,600	194,600	155,957	152,200	136,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	0	8,342,955	8,216,097	8,104,940	8,016,676	7,818,682	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,565,782	3,510,773	3,393,906	3,224,023	2,919,942	2,603,827	2,560,213	2,519,950	2,437,158	2,365,582	2,354,460	2,361,144	2,377,875	2,379,345	2,383,204	2,389,134	2,344,838	2,302,634	2,228,739	2,093,343	1,970,272	1,866,716	1,566,550	1,740,489	1,443,794	1,344,318	1,412,571	131,074	80,311	71,070	66,064	58,049	63,521	1,127,289	1,087,997	990,094	966,998	828,112	806,612	811,773	815,271	820,635	823,298	813,552	615,131	616,986	621,320	638,179	663,737	665,223	665,779	671,684	550,100	673,900	683,900	658,757	584,300	564,900	524,700	519,724	366,100	461,900	421,500	361,444	249,600	227,600	194,600	155,957	152,200	136,500	108,900	106,100	88,000	69,000	60,700	51,900	38,600	38,300	21,900	22,000	22,200	10,800	10,900	11,000	11,100	11,500	11,600	11,700	11,800	11,800	11,900	-	12,100	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	0	8,346,062	8,221,192	8,111,622	8,020,814	7,826,292	7,674,508	7,591,643	7,444,289	7,442,473	7,270,513	7,249,613	7,208,661	7,167,992	7,221,418	7,285,236	7,290,025	7,121,156	7,110,598	6,900,747	6,853,757	6,624,165	6,609,368	6,529,910	6,428,928	6,241,667	6,198,346	5,944,220	5,881,280	5,677,881	5,630,117	5,343,433	5,256,274	5,163,123	4,935,472	4,823,155	4,717,680	4,662,775	0	4,316,989	4,253,364	0	4,158,943	0	3,769,817	0	0	0	0	2,919,942	2,603,827	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-805,883	-799,900	-804,040	-802,999	-793,765	-786,526	-777,939	-759,232	-747,853	-720,241	-705,958	-683,525	-644,779	-611,537	-573,174	-526,684	-499,229	-469,646	-443,822	-432,845	-424,225	-372,877	-368,074	-357,216	-379,181	-370,758	-352,626	-334,413	-319,254	-306,568	-281,818	-262,451	-263,124	-237,712	-225,777	-207,022	-196,827	-188,843	-175,608	-162,636	-147,837	-134,003	-119,866	-105,969	-90,952	-83,497	-74,123	-60,623	-44,946	-34,014	-21,922	-9,319	3,234	22,343	34,418	46,056	62,413	116,333	125,789	129,671	143,789	145,918	144,995	143,258	137,599	130,400	108,475	85,156	80,263	44,912	43,929	-16,473	-20,489	-19,623	-17,222	-27,531	-35,188	-35,778	-34,485	-29,295	-28,167	-27,535	-27,046	-25,431	-21,657	-20,951	-15,610	-15,702	-14,527	-4,301	-2,076	-2,853	-4,853	-7,757	-6,901	-6,078	-5,344	0	-4,900	-2,600	-3,160	-2,600	-3,500	-3,900	71	-600	-1,200	-1,400	-1,933	-1,900	-2,300	-2,300	-2,904	-6,200	-2,700	-2,400	-2,100	-1,700	-1,600	-1,500	-1,100	-2,700	-1,400	-1,500	-1,500	-1,400	-1,300	-1,300	-1,300	-1,100	-1,000	-1,000	-900	-900	-900	-900	-800	-700	-700	-	-600	-	-	-	-500	-	-	-	-100	-	-	-	100	-
Retained Earnings Total Equity	0	0	-804,040	-802,999	-793,765	-786,526	-777,939	-759,232	-747,853	-720,241	-705,958	-683,525	-644,779	-611,537	-573,174	-526,684	-499,229	-469,646	-443,822	-432,845	-424,225	-372,877	-368,074	-357,216	-379,181	-370,758	-352,626	-334,413	-319,254	-306,568	-281,818	-262,451	-263,124	-237,712	-225,777	-207,022	-196,827	-188,843	0	-162,636	-147,837	0	-119,866	0	-90,952	0	0	0	0	-34,014	-21,922	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	132,000	0	332,500	209,000	166,200	47,500	40,000	0	0	0	0	0	0	0	0	0	5,524	0	0	0	0	0	2,628,090	2,636,942	2,580,207	2,708,861	2,528,801	2,312,489	2,311,689	184,200	147,300	0	1,975,944	0	0	0	1,729,891	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,360,544	4,227,164	4,074,512	3,959,719	3,916,054	3,796,494	3,788,142	3,747,296	3,746,466	3,745,639	3,310,267	3,309,524	3,220,922	3,220,098	3,219,276	3,218,458	2,988,357	2,853,901	2,916,253	2,852,214	2,851,395	3,148,160	2,628,090	2,636,942	2,580,207	2,708,861	2,528,801	2,312,489	2,311,689	2,155,176	2,117,679	1,969,789	1,975,944	2,022,606	1,867,963	1,782,810	1,741,054	1,860,859	1,722,983	1,615,167	1,570,059	1,523,648	1,746,579	1,457,709	1,586,964	1,534,863	1,374,657	1,300,602	1,250,338	1,249,179	951,751	1,158,267	948,416	1,008,422	965,186	994,077	962,056	986,078	1,006,826	1,008,805	1,026,514	1,024,967	1,024,920	1,024,875	902,790	960,079	710,917	748,323	776,737	829,690	728,482	772,667	861,045	672,649	629,909	536,935	524,241	531,931	544,573	497,891	465,138	470,900	439,844	402,570	384,589	412,975	420,028	438,127	435,333	382,589	365,232	361,562	360,381	377,088	361,511	352,189	350,971	345,400	327,700	315,400	292,907	223,700	199,300	170,100	171,836	152,100	181,600	140,500	117,049	99,200	131,100	76,700	82,600	72,900	57,500	22,100	14,800	31,500	7,600	0	0	4,300	4,300	8,500	0	8,500	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	132,000	0	332,500	209,000	166,200	47,500	40,000	3,736,781	3,735,769	3,734,764	3,299,218	3,298,302	3,209,527	0	0	3,206,563	133,600	0	63,200	0	0	0	166,700	176,400	120,500	2,708,861	215,500	2,312,489	2,311,689	184,200	147,300	0	1,975,944	282,400	127,500	41,900	1,729,891	134,900	0	91,500	46,400	0	0	59,400	174,200	1,534,863	1,345,316	1,277,719	1,250,338	1,249,179	951,751	1,134,270	948,416	1,008,422	965,186	994,077	962,056	986,078	1,006,826	0	1,026,514	1,024,967	1,024,920	618,340	718,290	739,038	489,876	489,840	489,804	489,768	489,733	489,700	493,321	495,808	497,668	477,894	323,132	503,931	507,273	454,691	437,338	343,200	344,044	344,870	345,689	346,475	347,228	290,815	327,933	256,789	257,432	258,062	258,681	259,288	240,011	240,589	242,271	89,800	0	0	154,807	0	0	0	56,736	0	0	0	0	0	0	0	0	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	36	189	10,580	10,801	11,115	10,974	10,832	11,132	11,626	12,075	12,087	12,034	11,721	14,755	14,173	13,719	13,096	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,958	4,139	39,158	37,707	36,054	36,587	86,467	0	0	30,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	8,661,968	8,561,308	8,345,935	8,238,114	8,146,045	7,951,847	7,804,255	7,771,813	7,751,054	8,132,945	7,675,800	7,712,203	7,637,844	7,634,697	7,632,928	7,647,050	7,434,867	7,627,684	7,252,801	7,136,988	7,103,438	7,358,723	6,744,941	6,660,656	6,560,534	6,626,220	6,337,128	6,114,772	6,334,151	5,856,363	5,785,290	5,552,903	5,460,044	5,349,235	5,131,965	5,020,836	4,926,714	4,866,577	4,650,854	4,518,462	4,454,523	4,436,860	4,649,352	4,001,790	3,988,026	3,934,198	3,703,990	3,612,538	3,434,429	3,146,361	2,798,807	2,753,697	2,713,575	2,609,755	2,587,398	2,601,801	2,590,962	2,651,604	2,638,159	2,638,765	2,649,362	2,636,869	2,671,151	2,662,760	2,537,271	2,338,536	2,217,661	1,986,501	1,916,785	1,819,416	1,700,522	1,776,345	1,733,416	1,549,377	1,501,369	1,321,406	1,300,048	1,327,832	1,315,341	1,266,749	1,208,310	1,150,239	993,741	955,147	954,108	982,567	994,646	1,008,927	1,006,628	787,414	771,419	765,851	761,611	775,731	761,490	751,881	749,789	744,000	727,000	713,600	685,595	612,100	585,600	552,800	537,014	500,900	473,500	433,200	370,953	350,500	317,500	263,100	219,257	209,700	194,400	159,200	152,200	124,100	99,200	91,700	91,600	45,500	45,200	23,100	23,100	23,400	12,200	12,200	12,200	12,300	12,400	12,400	12,400	12,500	12,600	12,600	12,700	12,700	12,700	-	12,900	-	-	-	12,900	-	-	-	13,200	-	-	-	13,600	-
Total Current Assets	51,231	129,182	37,824	40,869	43,537	38,667	44,854	94,762	219,418	597,664	312,285	369,282	333,120	368,488	309,088	257,148	42,676	402,205	36,670	136,705	161,138	643,265	45,795	43,079	41,060	287,842	36,811	72,735	350,912	70,707	52,348	105,798	99,605	69,102	69,903	74,844	83,825	84,536	167,959	85,794	87,450	96,452	366,841	108,832	113,285	221,833	44,714	73,280	41,432	78,517	62,748	62,100	63,062	103,730	113,176	130,155	115,339	149,133	169,296	156,971	131,316	200,037	275,255	331,113	342,074	230,967	214,501	279,933	260,779	231,603	222,481	224,181	190,394	143,774	126,710	111,335	47,511	106,191	102,596	93,706	8,822	17,497	15,955	16,329	2,964	20,553	7,009	6,619	9,057	21,572	22,078	25,822	4,260	5,086	4,060	6,120	21,689	1,600	5,400	600	4,974	5,800	800	10,600	2,687	5,300	800	1,300	2,222	10,800	800	400	695	200	2,200	0	0	0	0	0	0	0	0	0	0	200	0	200	0	200	200	200	200	200	200	200	-	200	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	166,374	60,765	357,279	267,218	190,026	104,884	63,178	58,022	23,923	52,803	21,816	44,668	19,401	51,327	21,652	41,698	151,850	45,886	81,184	47,456	19,519	35,298	186,101	212,779	140,811	37,055	235,421	36,379	19,665	216,992	166,438	33,637	20,113	311,913	144,948	71,203	17,396	165,437	18,532	119,496	63,542	27,913	17,277	87,530	174,200	1,556,975	1,345,316	1,299,604	1,339,109	1,295,003	1,201,964	1,153,285	1,141,027	1,067,029	1,002,839	1,012,563	994,817	1,004,526	1,014,301	54,205	1,060,412	65,800	49,000	66,400	72,200	81,800	77,300	72,400	70,300	71,400	67,700	74,100	70,300	89,100	88,200	45,100	44,900	43,100	18,600	18,500	15,600	13,200	8,200	6,600	345,689	346,475	347,228	290,815	6,700	7,600	8,500	7,900	7,300	8,300	9,200	8,500	7,400	6,000	7,100	7,000	8,800	6,100	6,300	4,200	3,100	1,900	900	2,000	1,400	1,600	900	900	800	4,300	800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	4,504,511	4,403,250	4,195,701	4,103,242	4,022,543	3,944,915	3,888,729	3,874,067	3,849,391	3,872,802	3,404,922	3,424,364	3,318,540	3,347,488	3,322,128	3,346,115	3,103,185	3,001,180	3,030,350	2,984,101	2,948,833	3,281,503	2,755,830	2,796,150	2,719,624	2,860,457	2,648,442	2,439,841	2,417,223	2,277,283	2,237,794	2,118,741	2,117,651	2,184,049	1,985,811	1,897,005	1,843,622	1,983,248	1,826,404	1,734,984	1,676,238	1,648,930	1,851,781	1,559,030	1,690,441	1,656,120	1,476,580	1,396,366	1,430,553	1,367,505	1,242,359	1,216,826	1,184,801	1,067,029	1,035,684	1,041,731	1,024,100	1,040,422	1,051,741	1,063,010	1,105,938	1,168,185	1,225,430	1,236,724	1,127,652	1,058,642	967,052	792,562	818,084	871,712	765,081	910,537	900,390	726,301	683,051	554,459	541,022	573,099	562,529	515,799	477,556	484,057	448,039	409,234	404,967	433,258	440,444	444,598	441,988	390,177	373,712	369,466	367,710	385,354	370,689	360,668	358,427	351,400	334,800	322,500	301,705	229,800	205,600	174,400	174,870	153,900	182,500	142,400	118,379	100,900	132,100	77,700	83,415	77,100	58,300	22,100	14,800	31,500	7,600	0	0	4,300	4,300	8,500	0	8,500	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,077,220	0	3,864,506	3,840,910	3,765,763	3,688,686	3,674,931	3,916,928	3,579,080	3,547,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	4,157,457	4,158,058	4,150,234	4,134,872	4,123,502	4,006,932	3,915,526	3,897,744	3,901,662	4,260,142	4,270,876	4,287,835	4,319,300	4,287,205	4,310,795	4,300,930	4,331,675	4,626,497	4,222,449	4,152,522	4,154,250	4,076,874	3,988,775	3,864,180	3,840,593	3,765,253	3,688,185	3,674,811	3,916,799	3,578,849	3,547,253	3,433,910	3,342,134	3,164,782	3,145,807	3,123,258	3,082,515	2,882,769	2,823,922	2,782,938	2,777,045	2,786,683	2,796,314	2,441,623	2,296,285	2,276,763	2,226,070	2,214,802	2,002,498	1,777,593	1,555,161	1,535,539	1,527,483	1,541,446	1,549,203	1,557,624	1,564,240	1,608,329	1,583,589	1,573,655	1,542,209	1,467,583	1,444,441	1,420,795	1,407,285	1,277,740	1,249,227	1,192,872	1,096,505	944,457	930,462	860,640	828,087	813,716	809,283	765,380	756,998	752,796	752,498	750,669	730,754	666,182	545,702	545,913	549,141	549,309	554,202	564,329	564,640	397,237	397,707	396,385	393,901	390,377	390,801	391,213	391,362	392,600	392,200	391,100	383,890	382,300	380,000	378,400	362,144	347,000	291,000	290,800	252,574	249,600	185,400	185,400	135,842	132,600	136,100	136,300	136,700	90,600	90,600	90,700	91,100	39,800	40,500	14,300	14,400	14,500	12,100	12,100	12,100	12,300	12,400	12,400	12,400	12,500	12,500	12,500	12,600	12,600	12,700	-	12,800	-	-	-	12,900	-	-	-	13,200	-	-	-	13,500	-
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	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Begin Period Cash Flow	6,778	171,322	267,236	1,112	114,267	1,364	294,540	14,260	10,604	1,485	2,076	2,082	2,048	15,225	2,626	27,499	1,675	8,234	1,947	5,335	1,737	6,974	2,190	3,329	1,442	2,160	1,410	301	1,070	19,800	500	1,000	600	500
Capital Expenditures	0	842,872	553,322	195,944	623,524	608,495	624,648	781,849	644,741	543,927	576,791	603,523	758,380	230,928	44,433	352,618	677,101	352,549	267,797	134,565	215,730	43,360	19,836	3,999	77,964	29,572	184,127	144,932	66,575	78,700	31,300	0	0	0
Cash And Cash Equivalents Changes	0	-164,544	-95,914	266,124	-113,155	112,903	-293,176	280,280	3,656	9,119	-591	-6	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	29,500	56,487	38,343	42,992	43,576	13,270	44,742	7,054	1,823	9,093	18,137	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	-1,623	-164,544	-95,914	266,124	-113,155	112,903	-293,176	280,280	3,656	9,119	-591	-6	34	-13,177	12,599	-24,873	25,824	-6,559	6,287	-3,388	2,627	-5,237	4,784	-1,139	1,887	-718	750	1,109	-769	-18,800	19,400	-500	300	100
Change In Working Capital	1,014	3,095	30,414	-23,860	-3,744	-1,873	1,358	4,488	1,359	-5,774	5,147	-5,015	13,809	43,300	183	90,040	7,218	-79,581	-57,371	-7,590	-7,802	1,232	-19,805	-3,278	-606	-3,587	1,194	-1,849	422	-400	200	200	200	-200
Change Receivables	0	358	1,184	-1,464	923	-203	-175	-48	-261	92	703	72	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	-853	358	1,184	-1,464	923	-203	-175	-74	-335	16	62	-264	2,206	2,498	248	243	-2,467	-82,940	27,369	-9,721	-9,404	-1,231	-5,940	-2,837	-2,400	-6,100	100	-2,700	200	-300	-300	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	968	41,584	-3,243	-33,698	14,845	-13,781	-137,286	-1,157	11,371	0	-1,222	6,816	9,294	8,713	3,694	1,251	922	600	0	0	0	0
Change To Liabilities	0	-1,314	6,801	3,137	-2,648	-2,308	556	2,188	-3,893	-4,492	3,456	265	7,766	0	0	0	5,254	450	913	485	246	427	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-17,443	-1,766	-25,586	-34,796	-47,577	-38,407	-27,434	-687	-13,174	-5,277	-15,406	654	0	432	0	0	958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-822	8,093	3,631	-2,334	-923	3,285	4,814	2,062	-4,059	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	238,625	223,834	205,220	196,623	188,871	174,398	173,720	149,101	134,798	116,165	99,617	75,334	58,817	49,084	48,485	45,402	32,976	24,524	22,350	17,398	13,569	11,742	9,211	9,088	8,634	6,759	5,302	3,552	2,058	1,300	600	400	300	300
Dividends Paid	404,458	380,538	382,290	374,349	364,833	337,491	315,045	295,630	264,133	239,591	217,030	184,923	140,505	133,037	127,593	116,892	92,989	80,834	74,701	71,955	59,984	55,184	38,637	37,760	37,495	35,672	28,381	18,868	13,530	9,900	3,200	1,800	1,600	1,500
End Period Cash Flow	5,155	6,778	171,322	267,236	1,112	114,267	1,364	294,540	14,260	10,604	1,485	2,076	2,082	2,048	15,225	2,626	27,499	1,675	8,234	1,947	4,364	1,737	6,974	2,190	3,329	1,442	2,160	1,410	301	1,000	19,900	500	900	600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	612,410	578,355	568,425	450,194	501,727	471,909	421,557	415,337	341,095	296,733	274,421	228,130	-575,434	-43,014	105,069	-115,870	-547,467	-333,988	-236,867	-59,773	-161,411	15,345	18,172	46,199	-30,088	11,688	-150,117	-122,716	-52,435	-69,200	-27,500	2,100	1,500	1,600
Investments	-687,094	-842,351	-552,836	-195,570	-744,421	-756,971	-720,643	-881,825	-680,880	-596,680	-627,843	-682,263	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	154,093	253,972	4,053	126,488	542,280	345,324	0	0	0	0	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	165,337	491,400	208,830	132,876	246,479	260,525	332,816	1,262,400	145,421	-31,526	354,709	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	392,340	334,621	290,110	228,796	299,608	292,485	265,371	239,506	197,961	191,170	160,085	141,937	92,416	73,353	56,399	123,082	157,110	182,505	74,614	64,934	53,473	48,058	28,963	38,618	28,576	31,045	29,749	19,800	12,700	8,900	3,500	1,600	1,300	1,400
Other Cashflows From Financing Activities	-5,476	683,762	841,705	-26,843	810,746	-29,343	1,888,315	-18,702	-7,880	-18,279	-16,794	1,775,662	1,101,027	278,943	-6,227	-46,009	831,080	633,664	519,252	531,053	-6,686	-4	-3,382	91,024	188,842	-1,737	-3,860	160,680	81,188	-3,500	-48,600	8,400	400	0
Other Cashflows From Investing Activities	0	64,720	120,659	52,754	125,013	147,600	95,086	101,882	36,336	55,122	59,803	80,504	0	0	0	0	0	0	0	0	0	88	265	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-19,569	-525	4,926	-6,027	4,609	11,437	-3,345	17,097	-13,985	-14,727	254	12,677	8,283	24,599	56,912	-18,771	-63,244	-103,691	-7,696	50	-4,921	-2,327	19,639	5,770	11,272	7,043	-2,235	713	-1,041	200	-500	-100	-300	100
Sale Purchase Of Stock	1,360,880	249,933	-345,000	1,003,646	-287,500	2,292,413	-287,500	2,021,340	1,661,436	1,027,793	1,236,706	-92,000	-19,328	-1	132,400	750,035	-89,080	-203	-8	-140	472,800	182,213	227,200	-48	-2,331	243,329	152,600	-7,500	0	46,900	0	0	0	0
Stock Based Compensation	0	17,330	14,491	14,479	11,547	10,417	14,223	11,401	10,474	9,841	8,518	10,136	8,737	122	4,172	2,588	164	3,170	1,971	978	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	66,627	34,732	-232,162	-41,254	4,526	250,365	-89,176	644,886	307,105	253,944	293,028	373,623	569,156	19,169	-108,840	-5,317	432,907	81,864	217,844	-19,225	206,007	-103,925	-8,802	-28,965	18,447	103,665	133,742	123,140	52,609	50,800	64,200	-2,900	-1,600	-1,500
Total Cash From Operating Activities	612,410	578,355	568,425	450,194	501,727	471,909	421,557	415,337	341,095	296,733	274,421	228,130	182,946	187,914	149,502	236,748	129,634	18,561	30,930	74,792	54,319	58,705	38,008	50,198	47,876	41,260	34,010	22,216	14,140	9,500	3,800	2,100	1,500	1,600
Total Cashflows From Investing Activities	0	-777,631	-432,177	-142,816	-619,408	-609,371	-625,557	-779,943	-644,544	-541,558	-568,040	-601,759	-752,068	-220,260	0	0	0	0	0	0	0	37,173	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-09-30
Begin Period Cash Flow	98,263	5,252	5,326	6,778	3,277	3,289	53,736	171,322	543,526	249,558	311,231	267,236	294,860	224,560	217,383	1,112	353,688	2,209	80,521	114,267	607,672	1,885	4,002	1,364	254,263	4,450	34,418	294,540	5,916	2,371	8,203	13,659	2,615	2,448	4,456	10,604	4,904	85,358	5,926	1,485	6,530	236,916	3,442	2,076	141,446	2,907	3,033	2,082	19,678	3,588	2,557	2,048	4,009	51,832	31,243	15,225	23,251	1,573	1,858	2,626	2,514	4,873	11,838	27,499	26,443	2,516	56,561	1,675	9,211	4,682	20,322	8,234	11,856	9,346	3,149	1,947	16,921	10,105	2,613	5,335	4,120	3,401	4,851	1,737	3,566	4,218	4,963	6,974	9,344	8,099	11,454	2,190	3,346	2,101	4,510	3,329	1,600	5,400	600	1,400	4,900	0	10,600	2,200	4,500	0	1,300	1,400	9,900	400	400	300	0	0	2,600	1,100	0	0	2,900	19,800	0	1,000	400	500	0	0	200	1,000	0	0	600	600	100	0	400	500	0
Capital Expenditures	0	524,719	7,175	13,974	842,872	4,395	5,793	8,914	553,322	112	207,789	4,739	41,623	6,658	10,810	30,813	210,417	93,420	224,466	95,221	315,187	51,950	137,999	103,359	209,531	64,749	291,561	58,807	227,968	141,374	336,832	75,675	149,987	235,046	131,086	128,622	63,304	323,743	79,319	77,561	59,113	49,536	421,338	46,804	414,843	126,920	96,178	191,745	323,848	322,859	52,414	59,259	124,403	83,522	16,512	6,491	9,255	9,601	11,231	14,346	256,773	0	246,437	10,336	143,396	139,242	333,423	61,040	99,714	117,976	99,210	35,649	155,359	46,500	20,110	45,828	54,529	32,359	31,857	15,820	28,602	152,187	25,084	9,857	3,467	6,055	17,485	16,353	5,170	1,404	13,194	68	1,101	1,675	1,089	134	5,364	3,400	11,800	57,400	41,328	24,100	40,900	5,900	65,427	15,700	41,700	61,300	57,032	23,200	26,100	38,600	19,575	15,900	28,200	2,900	44,500	18,100	8,400	7,700	14,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	-74	-1,452	3,501	-12	-50,447	-117,586	-372,204	293,968	-61,673	43,995	-27,624	70,300	7,177	216,271	-352,576	351,479	-78,312	-33,746	-493,405	605,787	-2,117	2,638	-252,899	249,813	-29,968	-260,122	288,023	3,545	-5,832	-5,456	11,645	167	-2,008	-6,148	0	0	0	4,441	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	845	5,510	5,975	5,259	9,552	8,714	26,228	6,795	10,796	12,668	28,587	4,388	2,773	2,595	14,182	14,673	8,959	5,178	27,792	5,730	5,232	4,822	675	869	8,089	3,637	18,813	13,640	9,383	2,906	-10,179	9,422	-444	8,255	0	0	0	285	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-93,108	93,011	-74	-1,452	3,501	-12	-50,447	-117,586	-372,204	293,968	-61,673	43,995	-27,624	70,300	7,177	216,271	-352,576	351,479	-78,312	-33,746	-493,405	605,787	-2,117	2,638	-252,899	249,813	-29,968	-260,122	288,624	3,545	-5,832	-5,456	11,645	167	-2,008	-6,148	5,700	-80,454	79,432	4,441	-5,045	-230,386	233,474	1,366	-139,370	138,539	-126	951	-17,596	16,090	1,031	509	-1,961	-47,823	20,589	16,018	-8,026	21,678	-285	-768	112	-2,359	-6,965	-15,661	1,056	23,927	-54,045	54,886	-7,536	4,529	-15,640	12,088	-3,622	2,510	6,197	1,202	-14,974	6,816	7,492	-2,722	244	719	-1,450	3,114	-1,829	-652	-745	-2,011	-2,370	1,245	-3,355	9,264	-1,156	1,245	-2,409	1,181	1,729	-3,800	4,800	-800	-4,318	4,900	-9,700	8,400	-3,150	4,500	-500	-100	-9,291	9,900	400	100	131	-2,100	-300	1,500	100	-600	-1,400	-16,900	19,700	-1,200	1,000	-100	-400	-200	-700	-800	-100	-400	-400	-400	100	100	-400	-100	-100
Change In Working Capital	-37,175	39,079	-31,290	30,400	-34,743	44,724	-31,240	24,354	-22,090	39,057	-14,201	27,648	-17,684	44,612	-61,920	11,132	-27,768	35,333	-32,013	20,704	-12,026	15,105	-19,817	14,865	-16,592	12,701	-7,955	13,204	-17,567	25,722	-12,805	9,138	-15,173	19,239	-16,581	13,874	-20,196	15,258	-9,533	8,697	-12,038	19,004	-8,108	6,289	3,003	-517	-6,790	-711	-6,697	19,414	-9,864	10,956	-11,703	15,681	27,471	11,851	-13,366	12,544	-10,769	11,774	-12,234	61,588	2,436	38,250	-100,403	39,575	27,053	40,993	-16,976	-10,753	-42,496	-9,356	-43,420	-784	-8,730	-4,437	15,133	6,865	-24,046	-5,542	-2,585	-2,407	23,301	-26,111	1,386	-1,234	1,312	-232	-18,129	-3,482	1,107	699	-3,484	-1,694	1,017	883	-18,806	18,000	2,400	-2,200	5,213	-6,200	-600	-2,000	4,594	-4,000	-700	600	751	-3,000	-200	600	3,500	-3,500	-200	-800	-200	0	-400	200	400	0	-400	200	-100	1,600	-600	-800	400	200	-200	-200	200	0	-200	-200	200
Change Receivables	0	0	213	337	-906	722	204	338	-1,026	1,485	998	-273	-212	14,519	-14,431	-1,340	8	-375	403	887	-1,757	325	1,104	125	-98	-1,287	903	307	-945	-267	717	447	-1,327	-240	203	1,103	0	0	0	280	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,507	104	213	337	-906	722	204	338	-1,026	1,485	998	-273	-212	14,519	-14,431	-1,340	8	-375	403	887	-1,757	325	1,104	125	-98	-1,287	903	307	-945	-268	668	471	-1,328	-242	191	1,044	-878	-139	616	417	-1,371	1,764	-183	-148	1,240	1,864	1,276	715	2,206	2,984	1,734	700	2,498	3,406	227	700	248	671	518	1,014	-47,741	0	17,322	30,419	-107,702	36,072	26,831	42,332	-14,504	-15,942	-45,826	-6,668	41,577	-20,085	3,933	1,944	13,335	8,704	-28,886	-2,874	-2,455	-4,311	-2,263	-375	1,170	-1,847	-160	-394	-3,993	-1,188	-515	-244	-1,050	-3,404	2,078	-461	-1,700	100	-700	-100	-1,800	-1,600	-1,500	-1,200	2,100	-2,200	100	100	-1,000	-1,800	-100	200	0	0	-200	100	100	-200	-300	100	-100	0	-300	100	0	600	-300	-400	0	100	-100	-100	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	805	-805	0	0	1,556	-859	-695	966	41,981	-42,555	42,166	-8	571	-611	-601	-2,602	-1,525	-4,418	-29,365	1,610	-12,133	2,928	107	-4,669	-13,781	1,606	-3,965	-38,322	-138,105	2,886	708	111	719	-4,175	748	1,551	16,488	11,923	19,683	-5,623	0	7,597	8,181	8,874	132	5,859	9,172	9,615	6,917	8,304	6,034	7,261	-206	17,800	7,300	5,200	8,513	0	1,600	-100	4,294	-600	900	1,200	2,051	-700	0	1,100	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
Change To Liabilities	0	0	-29,490	29,722	-35,416	42,855	-31,809	23,056	-24,819	34,409	-21,618	18,829	-24,406	31,497	-16,103	12,149	-27,515	35,249	-31,004	20,622	-12,447	14,993	-19,840	14,986	-18,493	15,365	-9,329	13,013	-18,806	25,940	-14,013	9,067	-12,849	12,432	-11,072	7,596	254	13,395	1,390	7,605	0	10,386	0	10,603	2,419	7,004	0	6,777	7,766	15,029	0	11,673	0	10,929	0	11,015	0	10,840	0	10,887	0	7,484	0	6,714	5,254	2,653	43	1,593	450	2,262	0	3,070	913	9,381	0	614	485	1,587	422	1,273	246	774	41	830	427	1,162	302	0	0	0	752	0	0	255	68	357	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-15,664	-13,930	-6,300	-6,787	-1,462	-775	-3,992	-18,222	-2,354	8,602	19,178	-15,085	3,128	-9,849	-3,780	-7,586	-2,603	-13,415	-11,192	6,264	-10,209	-4,038	-39,594	-8,656	-11,168	-3,284	-15,299	-4,897	-4,327	-1,093	-17,117	8,383	-1,792	157	-7,435	-8,276	0	0	-2,512	0	580	0	0	0	0	255	118	654	962	794	569	0	0	37	19	432	101	45	47	0	0	0	1,031	0	0	0	0	958	1,001	2,239	1,805	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	39,468	-30,969	30,532	-34,098	43,347	-32,991	-32,991	-23,110	34,173	-22,559	19,589	-24,909	32,512	-16,505	12,533	-27,145	36,250	-32,003	20,564	-10,393	14,721	-20,989	15,738	3,285	14,283	-8,629	-347	4,814	-338	139	0	2,062	0	0	0	-4,059	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	60,079	59,523	59,875	59,148	57,322	56,388	57,444	52,680	53,389	50,976	50,875	49,980	49,095	49,404	48,936	49,188	48,102	48,348	46,241	46,180	44,118	42,478	43,304	44,498	43,842	48,409	41,326	40,143	38,987	38,970	36,489	34,655	34,848	33,607	34,202	32,141	30,375	29,771	28,007	28,012	27,194	26,005	22,613	23,805	20,408	17,543	19,120	18,263	16,015	15,124	14,008	13,670	12,857	12,035	12,147	12,045	12,775	11,509	12,211	11,990	12,493	11,653	11,031	10,225	9,950	8,298	7,760	6,968	6,670	5,694	5,556	6,604	6,459	6,477	4,828	4,586	3,785	5,083	4,265	4,265	4,049	3,515	3,053	2,952	2,940	2,953	2,908	2,941	2,335	2,462	2,206	2,208	2,342	2,204	2,254	2,288	2,434	2,100	2,100	2,000	1,859	1,700	1,600	1,600	1,402	1,400	1,300	1,200	1,052	1,000	800	700	558	600	500	400	400	300	400	200	200	200	100	100	100	200	0	0	100	100	0	100	100	100	0	100	100
Dividends Paid	102,665	102,647	99,745	99,401	97,901	97,008	92,878	92,751	94,285	97,216	95,456	95,333	94,529	94,432	92,755	92,633	93,513	92,517	89,655	89,148	87,909	86,835	81,432	81,315	80,591	79,252	76,241	78,961	78,777	75,534	71,309	70,010	67,883	67,133	64,944	64,173	61,741	61,175	58,543	58,132	58,075	58,489	51,383	49,083	48,117	47,390	47,005	42,411	38,501	34,725	33,905	33,374	33,325	34,146	32,834	32,732	32,757	31,904	31,646	31,286	30,996	29,352	30,846	25,698	20,380	25,464	25,334	21,811	21,136	20,462	19,801	19,435	19,040	18,930	18,385	18,346	18,311	18,272	17,950	17,422	16,222	15,874	13,957	13,931	13,930	13,928	13,542	13,784	9,737	9,698	9,608	9,594	9,574	9,411	9,397	9,378	9,395	9,400	9,400	9,300	9,072	9,100	9,000	8,500	8,081	7,100	7,000	6,200	6,268	4,700	4,500	3,400	3,430	3,300	3,400	3,400	3,400	2,200	2,200	2,100	1,100	1,100	500	500	500	500	400	400	400	400	400	400	400	300	400	400	400
End Period Cash Flow	5,155	98,263	5,252	5,326	6,778	3,277	3,289	53,736	171,322	543,526	249,558	311,231	267,236	294,860	224,560	217,383	1,112	353,688	2,209	80,521	114,267	607,672	1,885	4,002	1,364	254,263	4,450	34,418	294,540	5,916	2,371	8,203	14,260	2,615	2,448	4,456	10,604	4,904	85,358	5,926	1,485	6,530	236,916	3,442	2,076	141,446	2,907	3,033	2,082	19,678	3,588	2,557	2,048	4,009	51,832	31,243	15,225	23,251	1,573	1,858	2,626	2,514	4,873	11,838	27,499	26,443	2,516	56,561	1,675	9,211	4,682	20,322	8,234	11,856	9,346	3,149	1,947	16,921	10,105	2,613	4,364	4,120	3,401	4,851	1,737	3,566	4,218	4,963	6,974	9,344	8,099	11,454	2,190	3,346	2,101	4,510	3,329	1,600	4,800	600	-4,318	4,900	-9,700	10,600	-3,150	4,500	-500	1,300	-9,291	9,900	400	400	131	-2,100	-300	2,600	100	-600	-1,400	2,900	19,700	-1,200	1,000	400	-400	-200	-700	200	-100	0	0	600	100	100	0	400	-100
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	121,597	191,519	118,472	180,822	113,084	189,960	110,973	164,338	115,275	172,394	119,586	161,170	101,370	161,107	59,633	128,084	102,695	163,691	91,965	143,376	106,401	137,277	98,234	129,997	91,342	115,144	97,879	117,192	101,131	126,558	85,225	102,423	63,113	110,153	70,691	97,138	64,980	94,734	58,415	78,604	59,342	90,890	55,366	68,823	471,399	-55,113	-47,011	-141,145	-280,047	-261,573	-23,421	-10,393	-98,380	-31,954	47,365	39,955	14,273	38,647	17,711	34,438	283,233	98,701	-205,642	60,456	-207,364	-69,720	-275,686	5,303	-101,682	-102,428	-113,571	-16,307	-181,182	-23,677	-2,552	-29,456	-18,073	-2,127	-37,610	-1,963	-17,312	-135,093	1,847	-10,853	9,246	9,583	-2,198	-1,286	-3,646	8,705	-318	13,431	10,037	10,781	10,010	15,371	6,112	8,300	1,800	-46,300	-28,868	-16,500	-29,600	4,000	-55,417	-6,600	-34,600	-53,500	-50,516	-17,200	-21,300	-33,700	-15,735	-12,400	-24,700	400	-41,800	-15,500	-6,100	-5,800	-13,200	1,100	600	500	600	1,300	-300	-400	300	400	400	400	500	400	400	300	400
Investments	-244,389	-148,162	-173,800	-153,615	-266,575	-218,622	-147,773	-209,381	-98,479	-246,856	-78,726	-106,397	-106,434	-10,450	-14,589	-64,097	-241,828	-123,880	-266,583	-112,130	-341,853	-90,049	-150,083	-174,986	-249,747	-71,933	-300,905	-98,058	-244,690	-151,685	-358,968	-126,482	-154,137	-243,007	-132,713	-151,023	-596,680	0	0	-93,977	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	800	763	13,575	17,190	122,565	98,359	32,300	748	728	719	724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	155,880	113,651	42,577	118,458	7,334	39,759	-213	-850	439,421	-156	64,965	-284	-150	-1,559	210,823	133,413	-63,341	62,985	-181	-320,028	520,685	-9,906	55,728	-134,231	179,681	215,294	-219	155,900	-421,584	535,000	63,500	67,900	1,068,201	84,808	41,491	151,742	0	0	44,821	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	96,682	106,787	98,704	90,167	90,662	88,421	74,165	81,373	77,570	82,932	73,021	56,587	61,287	56,068	46,265	65,176	73,786	66,698	79,091	80,033	36,570	82,042	70,584	103,289	72,185	61,129	58,409	73,648	66,125	50,772	51,933	70,676	42,476	55,256	46,191	54,038	53,774	47,972	45,583	43,841	44,234	44,342	37,606	33,903	40,647	37,991	33,475	29,824	27,685	22,632	21,303	20,853	14,210	21,195	21,650	16,298	-20,300	22,796	27,099	26,804	28,867	30,274	30,888	33,053	34,365	47,386	48,655	26,704	57,401	21,455	80,201	23,448	15,191	16,531	16,888	26,004	18,926	17,005	12,735	16,268	15,591	15,384	12,344	10,154	13,222	8,575	13,512	12,749	-489	7,473	10,385	11,594	12,845	8,555	8,574	8,644	2,776	14,600	1,400	9,800	7,145	10,000	9,500	4,400	8,149	7,600	7,300	6,700	6,200	5,100	4,500	4,000	3,300	3,200	3,100	3,100	3,000	2,200	2,000	1,700	1,600	900	600	400	400	500	300	400	300	300	400	300	300	400	400	300	300
Other Cashflows From Financing Activities	-451	-4,342	-339	217,656	342,046	216,695	125,134	-113	-740	-4,432	-7,645	-26,650	-1,113	-485	-2,124	-23,121	-289	-16,508	-1,575	-82	-20,929	-6,562	-1,640	-212	251,598	-4,445	-520	102,810	-14,277	-887	-2,158	-1,380	-5,307	-583	-935	-1,055	-11,592	-2,199	-4,184	-304	3,067	-121	-17,476	-2,264	482,251	391,511	372,000	529,900	311,264	-5,464	-5,312	8	15	878	-850	-5,800	-6,275	-104	4	148	-40,635	-304	-224,145	219,075	105,614	-3,190	250,251	101,283	142,054	303,120	86,037	102,453	332,052	83,100	58,194	45,900	140	26,024	3,886	137	-729	-5,917	-41	1	-9	1	33	-29	-3,248	-36	-190	92	10	-8	3	-55	1,134	210,200	1,600	100	-237	-200	-300	-1,000	-860	-700	-300	-2,000	-370	-3,000	47,800	70,500	23,288	15,200	35,100	7,300	61,700	23,100	7,700	-100	2,200	-200	22,100	-100	-100	-1,000	0	0	0	0	0	0	0	0	0	0	-100
Other Cashflows From Investing Activities	0	88,448	28,037	11,269	15,752	-446	7,960	19,738	50,458	-603	-819	17,885	12,187	3,353	3,771	33,443	31,442	32,694	41,777	19,100	26,223	37,544	11,999	71,834	39,365	7,557	8,953	39,211	19,569	10,700	63,898	7,715	4,969	7,577	1,686	22,104	-3,731	0	0	12,285	0	0	0	0	0	0	0	0	0	0	0	325	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	195	0	0	0	0	0	0	0	0	0	0	0	0	88	406	0	0	265	0	43	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	2,011	-13,870	-8,817	1,107	-3,487	-2,736	6,013	-315	1,556	-98	1,377	2,091	1,446	1,440	1,382	-10,295	1,364	1,353	1,343	549	3,757	5,452	1,335	893	1,329	-6,375	1,288	413	14,498	1,073	1,064	462	-12,476	992	984	298	-1,538	1,003	-5,317	-1,865	-2,835	936	2,120	110	719	16,790	3,362	3,224	2,960	4,116	3,546	3,387	14,591	2,561	265	5,228	58,029	1,476	-77	-2,516	-1,900	-3,913	11,939	-9,634	-8,061	-25,318	-24,728	-7,666	-50,643	1,458	-55,112	199	-4,437	642	1,546	-9,466	-1,128	231	1,548	-1,579	-5,765	602	-11,767	12,009	-4,835	5,344	-2,445	-391	17,807	3,656	-822	-1,002	-565	3,391	-746	3,690	25,072	-23,000	7,700	1,500	-1,757	2,100	800	5,900	-4,135	4,100	-800	-700	-1,487	2,900	-300	-400	-3,518	3,200	100	600	-500	100	300	-200	-600	0	300	-200	200	-1,000	300	400	-500	-200	200	200	-100	-100	200	100	-200
Sale Purchase Of Stock	226,500	620,880	295,500	16,896	120,683	97,055	31,512	683	-345,000	439,578	2,606	441,594	60,066	10,872	52,676	1,003,646	112,500	227,200	202,000	5,237	123,761	1,124,913	676,500	491,000	287,500	649,872	601,500	-287,500	931,140	491,700	535,000	63,500	466,936	514,700	452,700	227,100	121,500	238,000	417,293	251,000	156,800	144,500	748,906	186,500	11,200	-807	-471	-101,922	-9,104	461,507	199,300	129,500	240,799	38,100	11,832	0	0	28,432	51,168	52,800	50,723	90,563	346,749	262,000	-44,540	377,122	44,540	-89,080	-100	-2	-129	28	-2	0	0	0	70,366	44,500	334,360	51,500	190,800	152,900	73,800	55,300	27,700	15,500	110,213	28,800	151,600	30,400	24,600	20,600	19,852	45,574	16,500	9,100	132,977	-87,600	112,600	26,300	74,229	27,300	37,600	104,200	25,800	22,400	41,500	62,900	21,150	21,000	0	-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
Stock Based Compensation	0	0	2,475	0	3,330	3,163	4,591	6,246	2,120	3,654	4,399	4,318	4,810	3,394	3,197	3,078	2,966	3,001	2,793	2,787	3,186	2,388	2,568	2,275	2,123	1,896	7,449	2,755	2,687	2,910	2,924	2,880	2,950	2,556	2,393	2,575	2,507	2,622	2,374	2,338	1,987	1,688	2,533	2,310	-8,953	0	0	0	2,954	0	0	0	-1,113	0	2,076	1,113	1,020	1,016	1,017	1,119	694	735	-14,589	485	2,091	220	-108	490	3,170	0	0	407	1,971	422	3,306	291	978	0	0	0	0	0	0	214	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,684	49,654	27,217	-39,928	141,240	7,380	-21,607	-92,281	-439,458	338,492	-102,533	-28,663	-34,747	-83,710	-41,638	118,841	-244,885	278,974	54,529	-84,092	-284,176	521,015	37,733	-24,207	-133,859	199,045	164,105	-318,467	412,013	17,972	204,013	10,888	97,700	125,444	58,328	25,633	4,535	142,135	99,745	7,529	-4,636	-279,739	598,308	-20,905	24,585	166,708	41,301	141,029	258,709	271,900	28,960	9,587	93,723	-19,437	-30,489	-24,628	-28,748	-18,501	-22,048	-39,543	-1,026	-83,337	-8,711	87,757	147,276	69,077	176,221	40,333	37,314	89,300	-57,065	12,315	178,021	30,414	15,180	-5,771	-49,009	-3,431	30,613	2,602	43,856	135,175	22,587	4,389	-41,891	-20,984	-30,712	-10,338	-2,753	7,904	-5,846	-8,107	-27,238	6,104	146	-7,977	-6,553	8,000	2,000	15,000	61,165	16,600	20,700	5,200	26,142	18,500	34,000	55,100	14,240	26,800	42,900	39,200	5,209	11,800	31,700	3,900	26,600	20,900	5,500	-2,200	44,400	-1,300	21,600	-500	-600	-1,500	-400	-400	-400	-400	-400	-400	-400	-300	-400	-400	-400
Total Cash From Operating Activities	121,597	191,519	118,472	180,822	113,084	189,960	110,973	164,338	115,275	172,394	119,586	161,170	101,370	161,107	59,633	128,084	102,695	163,691	91,965	143,376	106,401	137,277	98,234	129,997	91,342	115,144	97,879	117,192	101,131	126,558	85,225	102,423	63,113	110,153	70,691	97,138	64,980	94,734	58,415	78,604	59,342	90,890	55,366	68,823	56,556	71,807	49,167	50,600	43,801	61,286	28,993	48,866	26,023	51,568	63,877	46,446	23,528	48,248	28,942	48,784	26,460	98,701	40,795	70,792	-63,968	69,522	57,737	66,343	-1,968	15,548	-14,361	19,342	-25,823	22,823	17,558	16,372	36,456	30,232	-5,753	13,857	11,290	17,094	26,931	-996	12,713	15,638	15,287	15,067	1,524	10,109	12,876	13,499	11,138	12,456	11,099	15,505	11,476	11,700	13,600	11,100	12,460	7,600	11,300	9,900	10,010	9,100	7,100	7,800	6,516	6,000	4,800	4,900	3,840	3,500	3,500	3,300	2,700	2,600	2,300	1,900	1,600	1,100	600	500	600	1,300	-300	-400	300	400	400	400	500	400	400	300	400
Total Cashflows From Investing Activities	0	-436,271	-145,763	-142,346	-250,823	-197,352	-139,813	-189,643	-48,021	-216,918	-78,726	-88,512	-94,247	-7,097	-10,818	-30,654	-210,386	-91,186	-224,806	-93,030	-315,630	-52,505	-138,084	-103,152	-210,382	-64,376	-291,952	-58,847	-225,121	-140,985	-295,070	-118,767	-149,168	-235,430	-131,027	-128,919	-541,558	-477,743	-160,420	-81,692	-568,040	-508,289	-466,752	-46,552	-601,759	-381,248	-281,272	-190,678	-752,068	-431,962	-114,866	-57,944	-220,260	-98,553	-18,599	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36,217	0	0	0	0	0	0	0	0	0	0	0	0	0	37,173	12,634	7,940	0	0	0	0	3,872	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Cost Of Revenue	28,378	26,281	28,385	28,362	27,656	25,099	23,105	20,852	19,774	18,905	18,100	17,069	43,096	36,606	16,092	4,879	9,063	7,088	13,207	12,161	27,359	24,263	29,784	15,856	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Depreciation And Amortization	238,625	214,849	204,299	220,010	191,251	174,398	173,720	149,101	134,798	116,162	99,246	74,140	58,115	48,328	48,485	45,402	32,976	24,524	22,350	17,398	13,569	11,742	9,211	9,088	8,634	6,759	5,302	3,552	2,058	1,300	600	400	300	300	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	124	5,072	13,444	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Ebit	514,743	482,537	449,096	374,489	416,780	390,726	354,625	327,356	293,715	267,619	243,898	211,058	166,962	147,881	151,401	150,142	123,765	97,518	81,891	73,273	66,732	70,112	52,217	69,015	39,873	49,718	39,510	26,973	16,542	14,600	6,200	3,400	2,500	2,400	2,200	2,300	2,300	2,400	2,400
Ebitda	753,368	697,386	653,395	594,499	608,031	565,124	528,345	476,457	428,513	383,781	343,144	285,198	225,077	196,209	199,886	195,544	156,741	122,042	104,241	90,671	80,301	81,854	61,428	78,103	48,507	56,477	44,812	30,525	18,600	15,900	6,800	3,800	2,800	2,700	2,200	2,300	2,300	2,400	2,400
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	124	4,846	13,393	1,251	2,162	0	19,352	71,960	108,967	14,786	14,310	2,164	1,998	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Gross Profit	799,733	746,772	698,022	632,319	642,831	597,562	561,828	512,795	463,140	415,942	374,227	333,691	267,836	231,008	232,255	226,537	177,680	151,700	131,970	117,148	102,658	93,827	80,526	80,891	76,543	64,112	50,135	33,369	20,580	12,300	5,500	2,600	1,900	1,900	1,800	1,800	1,900	2,000	2,000
Income Before Tax	392,340	334,621	290,110	228,796	299,608	292,485	228,716	212,324	197,829	179,702	155,458	117,333	91,390	71,249	59,907	90,097	76,374	52,299	50,014	44,589	79,040	70,898	49,267	61,055	57,273	40,418	30,785	20,039	13,007	0	7,000	0	0	0	1,400	-	-	-	-
Income Tax Expense	163,898	147,911	137,871	129,428	120,451	-16,430	36,655	27,182	10,318	-75	618	-7,086	779	475	-1,126	-7,501	-8,537	-11,143	-2,776	-2,542	19,413	23,388	21,779	26,784	10,362	14,177	400	200	300	5,700	3,100	1,800	1,200	1,000	100	-1,300	-1,500	-1,600	-1,600
Interest Expense	163,898	148,065	137,874	129,431	120,023	115,847	109,109	96,352	90,008	85,510	85,283	82,502	74,845	65,179	62,151	58,483	49,286	45,874	35,941	32,463	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	1,134	147,916	216	417	3,112	1,810	322	170	89,899	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Minority Interest	0	-5	-3	-3	428	38	398	6	125	569	-60	-78	11	367	1,542	0	0	1,399	0	1,231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income	392,340	186,710	152,239	99,368	179,157	292,447	264,973	239,500	197,836	190,601	160,145	142,015	92,325	72,997	54,810	123,082	157,110	182,505	89,400	64,934	53,473	48,058	28,963	38,251	35,311	32,441	30,385	19,839	12,707	8,900	3,500	1,600	1,300	1,400	1,300	1,300	1,500	1,600	1,600
Net Income Applicable To Common Shares	0	334,626	264,217	210,859	258,183	258,120	217,193	200,877	162,402	155,167	132,222	121,489	84,289	64,050	49,363	96,945	78,365	67,820	48,453	44,941	47,301	42,050	28,963	38,618	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income From Continuing Ops	392,340	334,626	290,113	228,793	299,608	292,485	228,716	212,324	187,511	179,777	155,013	128,493	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	-162,764	-147,916	-137,658	-129,014	-116,911	-114,037	-108,787	-96,182	0	0	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	-147,916	-158,986	-145,693	-117,172	-132,277	-72,132	-69,563	-80,376	-75,275	-83,617	-76,196	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	8,309	21,957	0	0	0	8,955	18,117	4,951	1,016	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Operating Income	555,104	482,537	449,096	374,489	416,780	424,762	337,503	309,069	288,655	266,246	239,248	197,603	164,427	134,915	120,683	145,636	120,907	94,358	83,901	73,273	72,886	69,564	50,742	65,035	51,473	43,518	41,110	26,972	16,542	14,600	6,600	3,400	2,500	2,400	2,200	2,300	2,300	2,400	2,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Operating Expenses	314,502	299,650	278,448	263,222	254,439	233,745	230,630	206,461	189,308	167,585	149,922	141,934	145,481	121,246	98,321	85,022	64,407	62,850	61,276	56,036	29,772	22,381	29,784	15,856	30,870	17,494	9,825	6,397	4,039	2,300	1,100	800	600	500	400	500	400	400	400
Preferred Stock And Other Adjustments	0	0	-14,999	17,940	40,997	34,327	47,780	38,623	35,434	35,434	27,923	17,428	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Reconciled Depreciation	238,625	223,834	205,220	196,623	188,871	174,398	173,720	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling And Marketing Expenses	0	0	34,896	0	0	0	0	0	0	0	0	0	16,887	13,534	13,684	10,532	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling General Administrative	47,499	49,535	44,843	38,237	37,912	34,248	33,805	36,508	34,736	32,518	32,576	32,182	28,814	22,778	21,776	24,868	23,542	24,012	23,411	22,996	11,486	9,475	6,912	4,850	6,180	7,735	1,216	1,183	722	600	500	0	0	0	-	-	-	-	-
Tax Provision	0	0	0	0	0	0	0	0	10,318	0	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	286,124	273,369	250,063	234,860	226,783	208,646	207,525	185,609	169,534	148,680	131,822	124,865	102,385	84,640	82,229	80,143	64,407	62,850	61,276	56,036	29,772	22,381	29,784	15,856	30,870	17,494	9,825	6,397	4,039	-2,300	-1,100	-800	-600	-500	-400	-500	-400	-400	-400
Total Other Income Expense Net	41,495	-147,916	-158,986	-145,693	-117,172	17,606	-16,800	-18,680	-5,878	-2,407	-3,157	-11,223	-727	-11,453	-29,343	-1,562	-1,429	-1,580	2,010	-28,684	6,154	1,334	-1,475	-3,980	5,800	-3,100	800	-6,933	-3,534	0	400	0	0	0	-800	-	-	-	-
Total Revenue	828,111	773,053	726,407	660,681	670,487	622,661	584,933	533,647	482,914	434,847	392,327	350,760	310,932	267,614	248,347	231,416	186,743	158,788	145,177	129,309	102,658	93,827	80,526	80,891	76,543	64,112	50,135	33,369	20,580	12,300	5,500	2,600	1,900	1,900	1,800	1,800	1,900	2,000	2,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31	1985-12-31	1985-09-30
Cost Of Revenue	8,237	6,459	20,852	6,846	7,035	5,875	6,173	7,198	7,520	6,521	6,619	7,725	8,058	6,345	6,323	7,635	7,258	6,706	6,600	7,093	7,649	5,759	5,828	5,862	6,465	5,553	5,424	5,663	6,555	4,942	4,567	4,787	5,575	4,782	4,658	4,759	5,236	4,583	4,746	4,340	5,519	4,420	4,301	3,954	4,632	3,878	11,506	15,674	10,920	11,563	15,786	12,574	13,093	8,579	11,421	1,041	16,092	3,494	4,305	3,587	21,602	2,359	2,254	2,439	18,639	1,990	1,982	1,978	15,006	1,452	1,359	1,338	15,852	2,207	2,663	2,824	13,192	2,854	3,280	3,013	13,733	913	265	293	5,581	2,137	5,725	5,536	14,796	5,523	11,351	13,052	4,026	3,844	3,857	4,129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	60,079	59,523	59,875	55,521	51,652	51,503	61,339	53,949	53,389	50,976	50,875	49,980	49,095	49,404	48,936	49,188	48,102	48,348	46,241	46,180	44,117	42,478	43,304	44,498	43,843	48,409	41,326	40,143	38,987	38,970	36,489	34,655	34,848	33,607	34,202	32,141	30,376	29,771	28,007	28,012	27,172	26,005	22,552	23,805	20,281	17,543	19,032	18,263	15,910	15,124	14,008	13,670	12,857	12,035	12,147	12,045	12,775	11,509	12,211	11,990	12,493	11,653	11,031	10,225	9,950	8,298	7,760	6,968	6,670	5,694	5,556	6,604	2,731	6,899	8,134	4,586	3,785	5,083	4,265	4,265	4,049	3,515	3,053	2,952	2,940	2,953	2,908	2,941	2,335	2,462	2,206	2,208	2,342	2,204	2,254	2,288	2,434	2,100	2,100	2,000	1,859	1,700	1,600	1,600	1,402	1,400	1,300	1,200	1,052	1,000	800	700	558	600	500	400	400	300	400	200	200	200	100	100	100	200	0	0	100	100	0	100	100	100	0	100	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	124	142	0	-36	0	0	1,359	0	0	0	0	0	0	339	130	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	135,123	129,320	138,724	129,025	128,298	125,350	110,852	118,037	116,405	111,758	109,660	110,352	96,916	93,539	99,153	108,268	108,006	105,277	103,087	102,790	100,496	98,746	97,682	93,804	91,310	86,453	90,017	86,844	86,311	81,530	81,207	78,308	76,339	76,131	70,553	70,693	72,104	66,585	64,880	62,860	63,650	63,533	60,233	56,926	55,401	56,212	53,334	48,874	47,644	42,314	39,024	38,388	38,054	36,825	37,262	35,749	37,894	37,319	37,926	37,702	39,580	39,413	37,838	36,606	34,635	33,241	30,764	27,155	15,286	32,273	26,187	24,957	20,651	20,642	23,464	19,842	19,217	19,127	15,857	21,449	11,976	19,027	16,948	19,389	16,011	20,415	16,092	18,494	4,212	13,712	16,581	17,712	16,526	16,324	15,727	16,458	-32,427	22,100	24,500	30,900	-6,682	17,600	16,900	21,700	-2,090	15,200	13,900	13,000	-328	10,600	8,800	8,000	-558	6,200	5,500	5,100	4,600	3,700	3,400	2,800	2,800	1,700	1,200	1,100	1,100	1,100	0	0	500	700	0	600	600	600	0	500	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	195,202	188,843	198,599	184,546	179,950	176,853	172,191	171,986	169,794	162,734	160,535	160,332	146,011	142,943	148,089	157,456	156,108	153,625	149,328	148,970	144,613	141,224	140,986	138,302	135,153	134,862	131,343	126,987	125,298	120,500	117,696	112,963	111,187	109,738	104,755	102,834	102,480	96,356	92,887	90,872	90,822	89,538	82,785	80,731	75,682	73,755	72,366	67,137	63,554	57,438	53,032	52,058	50,911	48,860	49,409	47,794	50,669	48,828	50,137	49,692	52,073	51,066	48,869	46,831	44,585	41,539	38,524	34,123	21,956	37,967	31,743	31,561	23,382	27,541	31,598	24,428	23,002	24,210	20,122	25,714	16,025	22,542	20,001	22,341	18,951	23,368	19,000	21,435	6,547	16,174	18,787	19,920	18,868	18,528	17,981	18,746	-29,993	24,200	26,600	32,900	-4,823	19,300	18,500	23,300	-688	16,600	15,200	14,200	724	11,600	9,600	8,700	0	6,800	6,000	5,500	5,000	4,000	3,800	3,000	3,000	1,900	1,300	1,200	1,200	1,300	600	600	600	800	600	700	700	700	600	600	400	700	600	400	900	500	500	400	800	500	500	500	900	500	500	500	900	500
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	124	0	0	0	4,846	0	0	0	13,393	0	0	0	1,251	0	0	0	2,162	0	0	0	0	0	0	0	19,352	0	0	0	71,960	0	0	0	108,967	0	0	0	2,980	1	11,805	0	14,310	0	0	0	2,164	0	0	0	1,998	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	207,994	198,673	181,788	197,262	191,485	187,596	184,610	183,081	179,741	173,836	172,392	172,053	155,226	152,288	157,378	167,428	166,118	161,901	158,192	156,619	151,327	149,572	149,690	146,974	143,782	142,152	140,126	135,769	134,644	129,599	126,359	122,193	120,802	118,361	112,550	111,428	110,079	105,273	100,867	99,724	98,129	96,201	91,820	88,611	84,267	81,135	79,029	74,208	74,916	68,299	59,180	58,228	59,746	57,302	54,412	62,121	51,589	60,894	54,376	54,376	61,921	56,214	54,772	52,761	52,525	45,793	44,439	40,735	40,534	36,622	36,774	42,132	40,910	32,787	33,715	30,257	32,399	30,585	29,980	32,878	28,648	26,109	23,829	23,280	22,827	21,960	23,149	24,376	20,354	19,191	8,753	7,825	20,552	20,168	19,584	20,587	14,043	19,000	19,200	23,900	16,012	17,200	15,300	15,500	13,335	13,200	12,000	11,300	9,669	9,200	7,600	6,900	5,880	5,300	4,700	4,400	3,900	3,100	2,800	2,400	2,300	1,400	1,000	800	800	900	500	500	400	500	500	500	500	500	500	400	400	500	500	400	400	500	500	400	400	500	500	500	500	500	500	500	500	500
Income Before Tax	96,682	106,787	98,704	90,167	90,662	88,421	74,165	81,373	77,570	82,932	73,021	56,587	61,287	56,068	46,265	65,176	73,786	66,698	79,091	80,033	36,572	67,694	66,477	64,693	56,394	57,944	55,354	59,024	61,502	46,267	50,755	53,801	50,999	53,886	45,665	47,280	49,874	44,846	42,953	42,028	42,407	43,528	36,679	33,287	33,595	26,085	31,222	29,229	27,728	22,228	21,245	20,597	13,794	20,324	21,063	16,077	-5,321	21,701	21,426	21,437	22,115	25,440	24,181	19,358	20,750	20,620	19,345	17,507	16,389	8,813	11,704	16,672	11,827	11,579	13,861	12,912	10,732	12,926	10,186	14,971	25,563	15,384	12,344	10,154	-34,836	8,575	18,366	12,749	6,128	13,264	10,385	11,594	12,845	8,555	8,574	8,644	0	0	0	0	-15,482	20,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	43,389	41,524	162	-33	37,636	36,929	36,681	36,665	36,684	33,517	33,083	34,587	3	31,923	31,753	33,668	-428	29,953	30,224	29,967	57,021	12,857	23,014	-11,985	-36,655	25,028	24,600	11,981	22,586	4,505	1,178	16,875	9,827	545	-495	442	-797	372	441	-93	254	365	432	-780	104	-7,426	140	97	521	68	210	-19	-22	170	231	92	460	-504	-546	-537	-1,426	-1,654	-1,769	-2,652	-1,813	-1,509	-2,421	-2,922	-2,418	-3,301	-3,535	1,893	-1,379	-450	-341	-570	-718	-642	-371	-492	1,972	4,668	5,795	7,586	3,971	10,215	3,717	5,836	5,659	6,015	5,331	4,774	4,048	7,769	7,153	7,814	-41,938	13,300	17,300	21,100	-19,623	8,900	7,400	17,300	-10,875	7,600	6,700	6,300	-6,567	5,500	4,300	4,000	-3,866	3,000	2,400	2,000	1,600	1,500	1,400	1,100	1,200	800	600	700	700	700	-400	-400	200	400	-400	300	300	200	-400	200	-300	300	-300	-300	-300	-400	-400	-300	-300	-400	-400	-400	-400	-400	-400	-400	-400	-400
Interest Expense	43,389	41,524	40,094	38,891	37,665	36,962	36,739	36,699	36,684	33,518	33,085	34,587	32,084	31,924	31,753	33,670	30,307	29,948	29,811	29,957	34,940	27,194	27,110	26,602	27,016	28,204	27,274	26,614	24,429	24,257	24,081	23,586	24,548	21,996	21,678	21,786	21,830	21,641	21,761	20,278	20,074	19,989	23,394	21,827	20,597	22,866	19,394	19,645	19,585	20,086	17,512	17,662	16,655	16,501	16,034	15,989	15,667	15,618	15,436	15,431	13,660	14,791	14,665	15,366	49,286	11,882	12,443	11,615	45,874	12,078	11,217	11,935	35,941	8,496	8,808	7,866	32,463	8,594	7,746	7,571	7,106	6,419	6,837	6,392	6,887	6,860	6,406	6,567	6,500	6,106	6,052	6,294	6,881	6,768	6,233	6,646	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	383	40,880	40,020	33	37,636	33	52	35	57	33,457	33	65	72	31,850	106	164	200	501	487	28,033	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	-6	1	-2	1	2	4	4	-1	5	-2	7	5	413	10	9	10	10	9	17	9	381	-9	34	-12	-9	-7	6	57	2	60	17	32	12	508	0	0	120	0	0	0	0	0	123	-24	-34	0	4	17	489	0	979	-318	318	179	355	118	429	0	57	93	0	0	304	-183	183	3,108	102	0	0	0	227	1,359	0	0	36	-17	17	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	96,682	106,787	98,704	90,167	53,026	51,492	37,484	44,708	77,570	82,933	73,023	56,587	61,287	56,069	46,265	65,178	73,786	66,693	78,678	80,023	36,562	82,032	70,573	103,280	72,168	61,120	58,028	73,657	66,092	50,784	51,942	70,683	42,471	55,198	46,188	53,978	53,757	47,940	45,571	43,333	44,241	44,352	37,486	34,066	40,663	38,015	33,505	29,832	27,570	22,632	21,303	20,820	14,215	21,210	21,206	16,365	-21,390	22,443	26,954	26,804	28,867	30,274	30,888	33,053	34,365	47,386	48,655	26,704	57,401	21,455	80,201	23,448	18,172	16,530	28,693	26,004	18,926	17,005	12,735	16,268	15,591	15,384	12,344	10,154	13,222	8,575	13,512	12,749	-489	7,473	10,385	11,594	12,478	8,555	8,574	8,644	9,511	8,800	7,200	9,800	8,541	10,000	9,500	4,400	8,785	7,600	7,200	6,700	6,239	5,100	4,500	4,000	3,307	3,200	3,100	3,100	3,000	2,200	2,000	1,700	1,600	900	600	400	400	400	400	400	300	300	400	300	300	400	400	300	300	300	300	300	300	400	400	300	300	400	400	400	400	400	400	400	400	400
Net Income Applicable To Common Shares	0	106,616	98,704	90,167	90,662	88,286	74,171	81,372	65,129	78,448	68,538	52,102	56,802	51,584	41,780	60,693	58,534	58,111	70,097	71,441	27,980	73,450	61,992	94,698	63,586	52,538	49,447	51,622	54,044	41,925	43,084	61,824	33,614	46,339	37,330	45,119	44,899	39,081	36,695	34,474	33,497	33,261	32,724	28,278	29,817	35,683	24,260	23,049	24,401	20,936	19,607	18,747	12,377	18,379	18,192	14,529	29,194	20,169	13,845	22,893	25,680	24,257	22,314	19,655	20,522	18,819	18,165	16,615	26,965	10,140	10,640	11,232	8,638	8,374	10,123	11,265	11,038	11,349	9,920	11,317	10,420	11,414	9,436	7,086	10,094	8,245	9,890	10,839	22,020	6,943	9,259	11,323	12,845	8,555	8,574	8,644	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	96,682	106,787	178,744	90,167	-56,040	88,421	147,545	154,700	10,660	149,847	73,021	56,587	61,284	56,068	46,265	65,176	73,786	66,698	79,091	80,033	93,621	67,694	66,477	64,693	56,394	57,944	55,354	59,024	61,501	46,267	50,755	53,801	41,172	53,341	46,160	46,838	191,046	44,474	0	42,121	0	0	36,247	0	0	0	0	0	0	22,269	21,139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-43,006	-40,880	-40,020	-38,858	-37,636	-36,929	-36,687	-36,664	-36,627	-33,457	-33,052	-34,522	-32,012	-31,850	-31,647	-33,506	-30,107	-29,447	-29,324	-28,033	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	40,020	-38,858	-184,338	-36,929	36,687	36,664	-103,541	33,457	-33,052	-55,850	-32,011	-31,850	-31,647	-50,185	-30,190	-29,498	-29,399	-28,085	-108,678	-12,651	-22,967	12,019	-11,142	-24,955	-24,182	-11,853	-19,785	-19,846	-23,111	-6,821	-23,232	-20,261	-21,709	-15,174	0	-18,198	0	-20,215	0	0	-23,017	0	0	0	0	0	0	-19,520	-17,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	34	2,640	1,088	971	4,618	1,632	7,310	4,781	7,735	2,131	0	5,695	21,854	5,513	0	0	0	0	0	0	-2,248	2,248	7,591	3,815	-3,657	1,206	19,403	-7,377	6,091	0	4,951	0	0	0	1,016	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	139,688	147,667	138,724	129,025	128,298	125,350	110,852	118,037	114,197	116,389	106,073	112,437	93,299	87,918	77,912	115,361	103,976	96,196	108,490	108,118	88,199	94,693	93,550	91,270	83,328	86,084	82,591	85,501	85,911	70,618	75,044	77,497	75,537	76,061	67,404	69,654	72,983	66,400	64,620	62,243	62,051	62,795	59,696	54,780	52,264	47,757	50,255	48,488	46,618	41,857	38,474	37,917	30,106	36,493	36,511	31,814	9,996	37,057	36,446	36,521	35,074	39,413	37,838	34,307	32,977	31,709	30,764	27,819	25,728	20,055	21,906	27,761	21,736	19,660	22,360	20,311	18,671	20,282	17,143	22,702	19,976	20,052	18,139	15,327	17,193	16,908	17,229	18,585	5,170	13,488	15,716	16,368	16,526	16,324	15,727	16,458	-32,427	22,100	24,500	30,900	-11,082	18,900	16,900	21,700	-2,090	15,200	13,900	13,000	-328	10,600	8,800	8,000	-558	6,200	5,500	5,100	4,600	3,700	3,400	2,800	2,800	1,700	1,200	1,100	1,100	1,100	600	600	500	700	600	600	600	600	600	500	400	600	600	400	900	500	500	400	800	500	500	500	900	500	500	500	900	500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	81,491	76,456	31,592	78,743	75,921	73,039	76,088	71,008	70,913	68,660	69,384	69,491	66,440	65,168	64,654	66,959	65,570	63,831	62,192	62,846	60,033	56,781	57,873	59,057	59,020	61,316	55,570	54,725	54,950	53,028	49,791	48,691	50,080	47,032	46,690	45,505	43,324	43,358	40,827	41,267	40,058	37,810	36,265	35,973	33,816	29,995	37,562	41,394	38,621	38,005	36,225	32,756	35,128	29,388	29,157	27,665	30,137	27,331	21,171	20,711	26,068	19,160	19,188	20,156	18,553	15,308	15,657	15,226	23,585	11,903	13,805	13,889	20,924	14,912	13,277	12,770	13,728	13,157	16,117	13,189	11,085	6,970	5,955	5,833	5,634	5,307	5,920	5,791	15,184	5,703	4,388	4,509	4,026	3,844	3,857	4,129	46,470	3,100	5,300	7,000	27,094	1,700	1,600	6,200	15,425	2,000	1,900	1,700	9,997	1,400	1,200	1,100	6,439	900	800	700	700	600	600	400	500	300	200	300	300	200	100	100	100	200	100	100	100	100	100	100	-	100	100	-	500	-	-	-	400	-	-	-	400	-	-	-	400	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	-28,454	4,485	4,485	4,485	4,485	4,485	4,485	4,485	15,252	8,582	8,581	8,582	8,582	8,582	8,581	8,582	18,437	8,582	8,581	12,180	12,047	8,859	8,858	8,859	8,858	8,859	8,858	8,859	0	-8,859	0	-8,859	0	0	-4,762	0	0	0	0	0	0	1,696	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	60,079	59,523	59,875	59,148	57,322	56,388	57,444	52,680	53,389	50,976	50,875	49,980	49,095	49,404	48,936	49,188	48,102	48,348	46,241	46,180	44,118	42,478	43,304	44,498	43,842	48,409	41,326	40,143	38,987	38,970	36,489	34,655	34,848	33,607	34,202	32,141	30,375	29,771	28,007	28,012	27,194	26,005	22,613	23,805	20,408	17,543	19,120	18,263	16,015	15,124	14,008	13,670	12,857	12,035	12,147	12,045	12,775	11,509	12,211	11,990	12,493	11,653	11,031	10,225	9,950	8,298	7,760	6,968	6,670	5,694	5,556	6,604	6,459	6,477	4,828	4,586	3,785	5,083	4,265	4,265	4,049	3,515	3,053	2,952	2,940	2,953	2,908	2,941	2,335	2,462	2,206	2,208	2,342	2,204	2,254	2,288	2,434	2,100	2,100	2,000	1,859	1,700	1,600	1,600	1,402	1,400	1,052	1,200	1,052	1,000	800	700	558	600	500	400	400	300	400	200	200	200	100	100	100	200	0	0	100	100	0	100	100	100	0	100	-	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	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	57	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,408	4,459	0	0	13,409	2,985	0	15,772	20,126	11,044	3,241	3,587	5,290	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,175	10,474	10,740	12,749	11,564	10,776	12,471	11,130	10,004	11,163	11,890	11,786	9,287	9,419	9,395	10,136	10,210	8,777	9,351	9,573	8,267	8,543	8,741	8,697	8,712	7,354	8,820	8,919	9,408	9,116	8,735	9,249	9,657	8,643	7,830	8,605	7,712	9,007	8,074	8,915	7,367	7,534	9,412	8,264	8,903	8,652	7,024	7,603	28,814	7,036	6,568	6,657	22,778	5,927	5,775	38	21,776	4,937	5,784	5,305	11,268	5,242	6,040	7,560	6,045	5,230	5,946	6,321	5,096	4,663	7,088	7,200	6,570	6,232	5,797	4,813	5,845	5,848	5,399	5,912	3,687	2,561	2,641	2,600	2,349	2,136	2,728	2,264	1,799	1,536	1,724	1,853	1,141	1,223	1,236	1,250	780	1,200	1,900	2,300	2,335	2,200	1,400	1,800	216	300	200	500	283	300	300	400	122	100	200	200	100	100	100	300	200	200	100	0	0	100	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	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	73,254	69,997	10,740	71,897	68,886	67,164	69,915	63,810	63,393	62,139	62,765	61,766	58,382	58,823	58,331	59,324	58,312	57,125	55,592	55,753	52,384	51,022	52,045	53,195	52,555	55,763	50,146	49,062	48,395	48,086	45,224	43,904	44,505	42,250	42,032	40,746	38,088	38,775	36,081	36,927	34,539	33,390	31,964	32,019	29,184	26,117	26,056	25,720	27,701	26,442	20,439	20,182	22,035	20,809	17,736	27,665	14,045	27,331	21,171	20,711	21,189	19,160	19,188	20,156	18,553	15,308	15,657	15,226	23,585	11,903	13,805	13,889	20,924	14,912	13,277	12,770	13,728	13,157	16,117	13,189	11,085	6,970	5,955	5,833	5,634	5,307	5,920	5,791	15,184	5,703	4,388	4,509	4,026	3,844	3,857	4,129	46,470	-3,100	-5,300	-7,000	27,094	-1,700	-1,600	-6,200	15,425	-2,000	-1,900	-1,700	9,997	-1,400	-1,200	-1,100	6,439	-900	-800	-700	-700	-600	-600	-400	-500	-300	-200	-300	-300	-200	-100	-100	-100	-200	-100	-100	-100	-100	-100	-100	-	-100	-100	-	500	-	-	-	400	-	-	-	400	-	-	-	400	-
Total Other Income Expense Net	4,948	18,991	-40,020	-38,858	-37,636	-36,929	-36,687	-36,664	-2,151	4,692	-3,554	-19,178	-3,545	-5,547	-21,135	-9,422	-3,913	-8,631	5,815	7,200	-28,984	-3,857	-4,095	-2,509	-7,900	-305	-7,389	-1,206	-380	-11,006	-6,371	-921	-792	-249	-3,210	-1,627	-400	-98	-166	-554	-1,169	-16	-160	-1,812	-1,209	-7,261	-2,718	-19,259	-331	-19,629	-267	-129	-7,605	-16,169	-165	-3,683	-27,548	-15,356	-1,064	-731	-3,805	818	1,008	-1,562	-663	-766	-11,419	332	1,663	-6,008	-1,859	4,624	3,052	-560	-363	469	-7,939	1,155	1,286	1,253	5,587	1,025	1,191	-1,649	1,182	-1,625	1,137	91	958	-224	-865	-1,344	0	0	0	0	0	0	0	0	-4,400	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	216,231	205,132	202,640	204,108	198,520	193,471	190,783	190,279	187,261	180,357	179,011	179,778	163,284	158,633	163,701	175,063	173,376	168,607	164,792	163,712	158,976	155,331	155,518	152,836	150,247	147,705	145,550	141,432	141,199	134,541	130,926	126,980	126,377	123,143	117,208	116,187	115,315	109,856	105,613	104,064	103,648	100,621	96,121	92,565	88,899	85,013	90,535	89,882	85,836	79,862	74,966	70,802	72,839	65,881	65,833	63,162	67,681	64,388	58,681	57,963	61,921	58,573	57,026	55,200	52,525	47,783	46,421	42,713	40,534	38,074	38,133	43,470	40,910	34,994	36,378	33,081	32,399	33,439	33,260	35,891	28,648	27,022	24,094	23,573	22,827	24,097	23,149	24,376	20,354	19,191	20,104	20,877	20,552	20,168	19,584	20,587	14,043	19,000	19,200	23,900	16,012	17,200	15,300	15,500	13,335	13,200	12,000	11,300	9,669	9,200	7,600	6,900	5,880	5,300	4,700	4,400	3,900	3,100	2,800	2,400	2,300	1,400	1,000	800	800	900	500	500	400	500	500	500	500	500	500	400	400	500	500	400	400	500	500	400	400	500	500	500	500	500	500	500	500	500

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

Gross Profit (+$)
totalRevenue	828,111
Cost of Revenue	-28,378
Gross Profit	799,733	799,733

Operating Income (+$)
Gross Profit	799,733
Operating Expense	-286,124
Operating Income	555,104	513,609

Operating Expense (+$)
Research Development	0
Selling General Administrative	47,499
Selling And Marketing Expenses	0
Operating Expense	286,124	47,499

Net Interest Income (+$)
Interest Income	1,134
Interest Expense	-163,898
Other Finance Cost	-0
Net Interest Income	-162,764

Pretax Income (+$)
Operating Income	555,104
Net Interest Income	-162,764
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	392,340	513,609 EBIT - interestExpense = 350,845 556,238 556,238
Interest Expense	163,898
Earnings Before Interest and Taxes (EBIT)	514,743	556,238
Earnings Before Interest and Taxes (EBITDA)	753,368

After tax Income (+$)
Income Before Tax	392,340
Tax Provision	-0
Net Income From Continuing Ops	392,340	392,340
Net Income	392,340
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	314,502
Total Other Income/Expenses Net	41,495	162,764

Technical Analysis of National Retail Properties 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 Retail Properties Inc. The general trend of National Retail Properties Inc is NEUTRAL 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 Retail Properties Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (0.0%)		Bearish trend (0.0%)
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 Retail Properties Inc.

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

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

The bullish price targets are: 39.94 < 40.61 < 42.67.

The bearish price targets are: 38.88 > 37.18 > 35.75.

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National Retail Properties 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 Retail Properties Inc. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

National Retail Properties 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 Retail Properties Inc. The current macd is -0.48340797.

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

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

National Retail Properties 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 Retail Properties Inc. The current adx is 15.99.

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

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell National Retail Properties Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

National Retail Properties 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 Retail Properties Inc. The current sar is 41.65.

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

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

National Retail Properties 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 Retail Properties Inc. The current rsi is 38.53. The current phase is Continuation in bear market.

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

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

National Retail Properties 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 Retail Properties Inc. The current phase is Oversold in neutral market.

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

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the National Retail Properties Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

National Retail Properties 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 Retail Properties Inc. The current cci is -126.99447055.

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

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

National Retail Properties 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 Retail Properties Inc. The current cmo is -29.56333385.

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

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

National Retail Properties 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 Retail Properties Inc. The current willr is -87.4251497.

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

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

National Retail Properties 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 Retail Properties Inc.

National Retail Properties 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 Retail Properties Inc. The current atr is 0.73253712.

National Retail Properties 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 Retail Properties Inc. The current obv is 3,212,889.

National Retail Properties 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 Retail Properties Inc. The current mfi is 39.87.

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

MFI < 50: -1

National Retail Properties Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for National Retail Properties 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
2023-11-27	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
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-11-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-06	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-08	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
2023-12-13	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-08	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-17	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	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
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	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-23	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-14	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-15	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-16	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-20	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-27	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-28	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-04	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-07	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
2024-03-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-21	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	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.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-01	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.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	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
2024-04-09	WILLR	LONG ENTRY	SHORT CLOSE	-20 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
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	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	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

National Retail Properties Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	38.533
Ma 20	Greater than	Ma 50	41.424
Ma 50	Greater than	Ma 100	41.265
Ma 100	Greater than	Ma 200	41.289
Open	Greater than	Close	39.780
Total			3/5 (60.0%)

Create your own Symbol Scanner

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National Retail Properties Inc Buy, Hold or Sell?

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Quick analysis of National Retail Properties Inc (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of National Retail Properties Inc (5 min.)

$39.77

$22.74

$23.92 - $33.87

$46.66 - $56.61

2. Growth of National Retail Properties Inc (5 min.)

Is National Retail Properties Inc growing?

How much money is National Retail Properties Inc making?

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

3. Financial Health of National Retail Properties Inc (5 min.)

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

What can you expect buying and holding a share of National Retail Properties 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 Retail Properties Inc

About National Retail Properties Inc

Financial Health

Valuation

1.1. Profitability of National Retail Properties 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 Retail Properties Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of National Retail Properties Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of National Retail Properties 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 Retail Properties 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 Retail Properties Inc
Buy, Hold or Sell?