NorthWestern Corporation
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Let's analyse NorthWestern Corporation together

Penke I guess you are interested in NorthWestern Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of NorthWestern Corporation. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of NorthWestern Corporation (30 sec.)

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

How much money do you get?

$2.51

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$45.46

Expected worth in 1 year

$47.42

How sure are you?

100.0%

+ What do you gain per year?

Total Gains per Share

$4.47

Return On Investment

9.2%

For what price can you sell your share?

Current Price per Share

$48.46

Expected price per share

$45.55 - $51.37

How sure are you?

50%

1. Valuation of NorthWestern Corporation (5 min.)

Live pricePrice per Share (EOD)

$48.46

Book Value per Share

$45.46

Intrinsic Value Per Share

$-30.33 - $-9.41

Total Value Per Share

$15.13 - $36.05

My calculation of the intrinsic value of NorthWestern Corporation is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-0.16) 3Y: ($-0.68) TTM: ($-0.32)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.02) 3Y: ($-0.01) TTM: ($0.14)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-2.79	$-0.68	$-3.00 - $-0.73
2	$-5.68	$-1.43	$-3.28 - $-0.82
3	$-8.65	$-2.25	$-3.57 - $-0.92
4	$-11.68	$-3.13	$-3.85 - $-1.01
5	$-14.76	$-4.06	$-4.13 - $-1.10
6	$-17.86	$-5.04	$-4.41 - $-1.20
7	$-20.98	$-6.07	$-4.70 - $-1.29
8	$-24.11	$-7.14	$-4.98 - $-1.38
9	$-27.23	$-8.26	$-5.26 - $-1.47
10	$-30.33	$-9.41	$-5.55 - $-1.57

2. Growth of NorthWestern Corporation (5 min.)

Is NorthWestern Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.7b	$2.5b	$217.8m	8.0%

How much money is NorthWestern Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	$48.5m	$45.7m	$2.7m	5.7%
Net Profit Margin	13.2%	12.0%	-	-

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

Quarterly Yearly

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

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

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

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

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

Speculation

The Price per Share of NorthWestern Corporation is $48.46. 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 NorthWestern Corporation.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in NorthWestern Corporation, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $45.46. Based on the TTM, the Book Value Change Per Share is $0.49 per quarter. Based on the YOY, the Book Value Change Per Share is $1.33 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 $0.63 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.36	2.8%	0.79	1.6%	0.75	1.5%	0.75	1.6%	0.70	1.4%
Usd Book Value Change Per Share	0.73	1.5%	0.49	1.0%	1.33	2.7%	0.69	1.4%	0.72	1.5%
Usd Dividend Per Share	0.64	1.3%	0.63	1.3%	0.57	1.2%	0.54	1.1%	0.46	0.9%
Usd Total Gains Per Share	1.37	2.8%	1.12	2.3%	1.90	3.9%	1.22	2.5%	1.17	2.4%
Usd Price Per Share	50.89	-	53.39	-	57.01	-	59.60	-	57.72	-
Price to Earnings Ratio	9.38	-	23.53	-	21.79	-	23.61	-	25.08	-
Price-to-Total Gains Ratio	37.17	-	58.07	-	34.52	-	66.14	-	78.14	-
Price to Book Ratio	1.12	-	1.20	-	1.40	-	1.62	-	1.90	-
Price-to-Total Gains Ratio	37.17	-	58.07	-	34.52	-	66.14	-	78.14	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	48.46
Number of shares	20

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.63	0.54
Usd Book Value Change Per Share	0.49	0.69
Usd Total Gains Per Share	1.12	1.22
Gains per Quarter (20 shares)	22.37	24.50
Gains per Year (20 shares)	89.49	97.98

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	50	39	79	43	55	88
2	101	78	168	86	110	186
3	151	118	257	129	165	284
4	201	157	346	172	220	382
5	251	196	435	215	275	480
6	302	235	524	258	330	578
7	352	274	613	301	385	676
8	402	314	702	344	440	774
9	453	353	791	387	495	872
10	503	392	880	430	550	970

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%	110.0	10.0	0.0	91.7%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	17.0	3.0	0.0	85.0%	35.0	5.0	0.0	87.5%	79.0	37.0	4.0	65.8%
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%	113.0	0.0	7.0	94.2%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	98.0	22.0	0.0	81.7%

Fundamentals of NorthWestern Corporation

About NorthWestern Corporation

https://www.northwesternenergy.com
1573
3010 West 69th Street, Sioux Falls, SD, United States, 57108
Google Maps Bing Maps

NorthWestern Energy Group, Inc. provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. The company operates 6,600 miles of electric transmission and 18,674 miles of electric distribution lines with approximately 395 transmission and distribution substations; and 2,235 miles of natural gas transmission and 5,155 miles of natural gas distribution lines with approximately 133 city gate stations in Montana. It also operates 1,310 miles of electric transmission and 2,365 miles of electric distribution lines in South Dakota with approximately 124 transmission and distribution substations; and 55 miles of natural gas transmission and 2,573 miles of natural gas distribution lines in South Dakota and Nebraska. The company provides electricity and/or natural gas to approximately 775,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Energy Group, Inc. was founded in 1923 and is based in Sioux Falls, South Dakota.

Fundamental data was last updated by Penke on 2024-04-11 16:25:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating efficient.
The company is 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 just 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 expensive.

1.1. Profitability of NorthWestern Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
A Net Profit Margin of 23.4% means that $0.23 for each $1 in revenue is generated as profit.

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

The MRQ is 23.4%. The company is making a huge profit. +2
The TTM is 13.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	23.4%	TTM	13.2%	+10.1%
TTM	13.2%	YOY	12.0%	+1.2%
TTM	13.2%	5Y	13.4%	-0.2%
5Y	13.4%	10Y	13.1%	+0.3%

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

Revenue is the amount of profit NorthWestern Corporation generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit NorthWestern Corporation earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
Can be used to compare companies within the Utilities - Diversified industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of NorthWestern Corporation. If profit margins remain low (compared to the Utilities - Diversified 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 NorthWestern Corporation is 0.23. This means that NorthWestern Corporation earned $0.23 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 Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare NorthWestern Corporation with other companies in the same industry (Utilities - Diversified).
Net profit margin should rise over the years.
Can be influenced when NorthWestern Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of NorthWestern Corporation is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of NorthWestern Corporation

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ NorthWestern Corporation = 83,142
Total revenue MRQ NorthWestern Corporation = 356,009
$83,142 / $356,009 = 0.23 or 23.4%

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 NorthWestern Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
1.1% Return on Assets means that NorthWestern Corporation generated $0.01 profit for each $1 in assets.

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

The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	0.7%	+0.4%
TTM	0.7%	YOY	0.6%	+0.0%
TTM	0.7%	5Y	0.7%	-0.1%
5Y	0.7%	10Y	0.7%	0.0%

Shows how efficient NorthWestern Corporation is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified 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 NorthWestern Corporation is using its resources to generate profit. If the return on assets (1.1%) from NorthWestern Corporation are higher than the Utilities - Diversified mean () that means NorthWestern Corporation is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of NorthWestern Corporation 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 Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example NorthWestern Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from NorthWestern Corporation = 83,142
Total assets MRQ (balance sheet) from NorthWestern Corporation = 7,600,652
83,142 / 7,600,652 = 0.01 or 1.1%

ROA is an important ratio as it will tell you how effectively NorthWestern Corporation is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

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

Above 15%-20% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
3.0% Return on Equity means NorthWestern Corporation generated $0.03 for each $1 the owners (shareholders) invested.

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

The MRQ is 3.0%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.0%	TTM	1.8%	+1.2%
TTM	1.8%	YOY	1.8%	0.0%
TTM	1.8%	5Y	2.0%	-0.2%
5Y	2.0%	10Y	2.3%	-0.2%

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

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified 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 Utilities - Diversified 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 NorthWestern Corporation is 3.0%. This means NorthWestern Corporation generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if NorthWestern Corporation existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of NorthWestern Corporation

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) NorthWestern Corporation = 83,142
Shareholders equity (balance sheet) MRQ NorthWestern Corporation = 2,785,314
83,142 / 2,785,314 = 0.03 or 3.0%

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 NorthWestern Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient NorthWestern Corporation is operating .

Measures how much profit NorthWestern Corporation makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
An Operating Margin of 29.8% means the company generated $0.30 for each $1 in revenue (before taxes).

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

The MRQ is 29.8%. The company is operating very efficient. +2
The TTM is 21.7%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	29.8%	TTM	21.7%	+8.1%
TTM	21.7%	YOY	17.6%	+4.1%
TTM	21.7%	5Y	20.3%	+1.4%
5Y	20.3%	10Y	20.2%	+0.1%

Measures how efficient NorthWestern Corporation is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified 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 NorthWestern Corporation is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of NorthWestern Corporation is 29.8%. This means that NorthWestern Corporation earned $0.30 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of NorthWestern Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ NorthWestern Corporation = 103,163
Total revenue MRQ NorthWestern Corporation = 356,009
$103,163 / $356,009 = 0.30 or 29.8%

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 NorthWestern Corporation is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities - Diversified industry mean).
An Operation Ratio of 0.71 means that the operating costs are $0.71 for each $1 in net sales.

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

The MRQ is 0.710. The company is efficient in keeping operating costs low. +1
The TTM is 0.792. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.710	TTM	0.792	-0.082
TTM	0.792	YOY	0.824	-0.032
TTM	0.792	5Y	0.801	-0.009
5Y	0.801	10Y	0.803	-0.002

Measures how efficient NorthWestern Corporation is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified 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 NorthWestern Corporation is 71.0%. This means that NorthWestern Corporation earned $0.71 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 Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example NorthWestern Corporation

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(154,832 +98,014) \ 356,009 = 0.71

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 NorthWestern Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Utilities - Diversified industry mean).
A Current Ratio of 0.76 means the company has $0.76 in assets for each $1 in short-term debts.

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

The MRQ is 0.761. The company is just not able to pay all its short-term debts. -1
The TTM is 0.701. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.761	TTM	0.701	+0.060
TTM	0.701	YOY	0.913	-0.212
TTM	0.701	5Y	0.836	-0.135
5Y	0.836	10Y	0.707	+0.129

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Utilities - Diversified 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 NorthWestern Corporation if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of NorthWestern Corporation is 0.76. This means NorthWestern Corporation has $0.76 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example NorthWestern Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
407,006 \ 534,898) = 0.76

The current ratio measures if NorthWestern Corporation is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if NorthWestern Corporation is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then NorthWestern Corporation does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate NorthWestern Corporation is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
A Quick Ratio of 0.41 means the company can pay off $0.41 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.414. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.337. 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	0.414	TTM	0.337	+0.077
TTM	0.337	YOY	0.380	-0.044
TTM	0.337	5Y	0.404	-0.068
5Y	0.404	10Y	0.374	+0.030

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified 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 NorthWestern Corporation can pay off its short term debts. This shows if NorthWestern Corporation can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of NorthWestern Corporation is 0.41. This means that NorthWestern Corporation can pay off $0.41 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example NorthWestern Corporation

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio NorthWestern Corporation: (9,164 + 0 +212,257) / 534,898 = 0.41

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 NorthWestern Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare NorthWestern Corporation to Utilities - Diversified industry mean.
A Debt to Asset Ratio of 0.63 means that NorthWestern Corporation assets are financed with 63.4% credit (debt) and the remaining percentage (100% - 63.4%) is financed by its owners/shareholders.

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

The MRQ is 0.634. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.632. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.634	TTM	0.632	+0.002
TTM	0.632	YOY	0.644	-0.012
TTM	0.632	5Y	0.651	-0.019
5Y	0.651	10Y	0.671	-0.020

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare NorthWestern Corporation to Utilities - Diversified 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 NorthWestern Corporation is 0.63. This means means that NorthWestern Corporation is financed with 63.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why NorthWestern Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example NorthWestern Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,815,338 \ 7,600,652 = 63.4% or 0.63.

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

Below 2 is considered healthy but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
A Debt to Equity ratio of 172.9% means that company has $1.73 debt for each $1 in shareholders equity.

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

The MRQ is 1.729. The company is just able to pay all its debts with equity.
The TTM is 1.715. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.729	TTM	1.715	+0.014
TTM	1.715	YOY	1.810	-0.095
TTM	1.715	5Y	1.870	-0.155
5Y	1.870	10Y	2.055	-0.185

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

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of NorthWestern Corporation is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of NorthWestern Corporation is 1.73. This means that NorthWestern Corporation can pay off $1.73 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example NorthWestern Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,815,338 \ 2,785,314 = 1.73 or 172.9%

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 NorthWestern Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings NorthWestern Corporation generates.

Above 15 is considered overpriced but always compare NorthWestern Corporation to the Utilities - Diversified industry mean.
A PE ratio of 9.38 means the investor is paying $9.38 for every $1 in earnings.

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

The EOD is 8.929. Based on the earnings, the company is underpriced. +1
The MRQ is 9.376. Based on the earnings, the company is underpriced. +1
The TTM is 23.529. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	8.929	MRQ	9.376	-0.448
MRQ	9.376	TTM	23.529	-14.152
TTM	23.529	YOY	21.793	+1.735
TTM	23.529	5Y	23.608	-0.080
5Y	23.608	10Y	25.078	-1.469

Measures how much money you pay for each share for every $1 in earnings NorthWestern Corporation generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare NorthWestern Corporation to the Utilities - Diversified 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 NorthWestern Corporation is 9.38. This means the investor is paying $9.38 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Diversified industry is .
What is the trend?
The trend is important because it shows you how NorthWestern Corporation is performing over time. The most recent quarter might be important if NorthWestern Corporation released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for NorthWestern Corporation up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example NorthWestern Corporation

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 61,242 = EPS
PE ratio MRQ = 9.38

* 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 NorthWestern Corporation:

The EOD is -7.621. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -8.003. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -20.619. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-7.621	MRQ	-8.003	+0.382
MRQ	-8.003	TTM	-20.619	+12.616
TTM	-20.619	YOY	-4.108	-16.511
TTM	-20.619	5Y	-23.906	+3.286
5Y	-23.906	10Y	-8.262	-15.643

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Utilities - Diversified industry mean).
A PB ratio of 1.12 means the investor is paying $1.12 for each $1 in book value.

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

The EOD is 1.066. Based on the equity, the company is underpriced. +1
The MRQ is 1.120. Based on the equity, the company is underpriced. +1
The TTM is 1.201. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.066	MRQ	1.120	-0.053
MRQ	1.120	TTM	1.201	-0.082
TTM	1.201	YOY	1.396	-0.195
TTM	1.201	5Y	1.621	-0.420
5Y	1.621	10Y	1.904	-0.282

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding NorthWestern Corporation

Institutions are holding 101.621% of the shares of NorthWestern Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	15.0289	0.012	9209029	137969	1.521
2023-12-31	Vanguard Group Inc	11.0653	0.0075	6780298	187619	2.8459
2023-12-31	American Century Companies Inc	6.4219	0.1377	3935021	118910	3.116
2023-12-31	Victory Capital Management Inc.	3.9356	0.1291	2411552	-9210	-0.3805
2023-12-31	State Street Corporation	3.7046	0.0056	2269989	70832	3.2209
2023-12-31	River Road Asset Management, LLC	3.5385	1.532	2168217	562548	35.0351
2023-12-31	JPMorgan Chase & Co	2.7994	0.0084	1715335	-436718	-20.2931
2023-12-31	Macquarie Group Ltd	2.5026	0.0902	1533475	341583	28.6589
2023-12-31	First Trust Advisors L.P.	2.3487	0.0799	1439146	-37491	-2.5389
2023-12-31	Geode Capital Management, LLC	2.2797	0.0074	1396887	85649	6.5319
2023-12-31	Westwood Holdings Group Inc	2.2507	0.5923	1379106	-57708	-4.0164
2023-12-31	Franklin Resources Inc	2.2105	0.0322	1354479	-4884	-0.3593
2023-12-31	Fuller & Thaler Asset Management Inc	1.951	0.3082	1195504	-45369	-3.6562
2023-12-31	Bank of New York Mellon Corp	1.7307	0.0109	1060483	14945	1.4294
2023-12-31	Massachusetts Financial Services Company	1.5798	0.0159	968054	208326	27.4211
2023-12-31	Dimensional Fund Advisors, Inc.	1.5604	0.0142	956127	3849	0.4042
2023-12-31	Systematic Financial Management LP	1.4508	1.3422	888978	-15820	-1.7485
2023-12-31	Amvescap Plc.	1.4173	0.0105	868464	-63322	-6.7958
2023-12-31	Northern Trust Corp	1.3667	0.0077	837452	44223	5.5751
2023-12-31	ProShare Advisors LLC	1.2784	0.1218	783372	7129	0.9184
Total		70.4215	4.4657	43150968	+1113060	+2.6%

3.2. Funds holding NorthWestern Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	American Century U.S. Mid Cap Value	4.564	1.5975	2796632	34086	1.2339
2023-12-31	American Century Mid Cap Value Inv	4.564	1.6006	2796632	34086	1.2339
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.2029	0.0061	1962588	-5862	-0.2978
2024-02-29	iShares Core S&P Mid-Cap ETF	3.0426	0.1109	1864338	-4115	-0.2202
2024-02-29	Vanguard Small Cap Index	2.5762	0.0538	1578574	14680	0.9387
2024-02-29	iShares Russell 2000 ETF	2.4728	0.1164	1515204	-248	-0.0164
2024-02-29	Franklin Utilities A1	2.1216	1.1744	1300000	0	0
2024-02-29	iShares Select Dividend ETF	2.0795	0.3379	1274240	-411	-0.0322
2023-12-31	Macquarie US Small Cap Core Equity	2.0058	0.8368	1229044	279421	29.4244
2024-01-31	Delaware Small Cap Core I	1.982	0.8259	1214486	-14558	-1.1845
2023-12-31	Victory Sycamore Small Company Opp R	1.8523	0.8228	1135000	-10000	-0.8734
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.8523	0.8212	1135000	-10000	-0.8734
2024-02-29	Vanguard Small Cap Value Index Inv	1.7598	0.0972	1078310	8052	0.7523
2023-12-31	FullerThaler Behavioral Small-Cap Value	1.6902	0.6178	1035645	-29521	-2.7715
2024-01-31	Undiscovered Managers Behavioral Val L	1.6076	0.5983	985091	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4719	0.0424	901881	1073	0.1191
2023-12-31	JPM US Small Cap Core-Composite	1.2679	0.7267	776928	-292229	-27.3327
2024-01-31	MFS New Discovery Value I	1.2374	1.0781	758217	4429	0.5876
2024-01-31	JPMorgan Small Cap Equity A	1.1989	0.6926	734608	-42320	-5.4471
2024-02-29	ProShares S&P MidCap 400 Dividend Arst	1.0262	1.9574	628813	-645	-0.1025
Total		43.5759	14.1148	26701231	-34082	-0.1%

3.3. Insider Transactions

Insiders are holding 0.928% of the shares of NorthWestern Corporation.

Date	Owner	Type	Amount	Price	Post Transaction Amount
2023-05-16	Britt E Ide	SELL	1200	58.65	10125
2023-03-06	Jan Robert Horsfall	SELL	2800	57.26	4375
2022-11-03	Brian B Bird	SELL	6800	52.51	108462
2022-10-28	Michael R Cashell	SELL	1702	53.19	15812
2022-09-15	Robert C Rowe	SELL	4000	54.01	193116

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.733	0.490	+50%	1.328	-45%	0.688	+7%	0.716	+2%
Book Value Per Share	-	-	45.456	44.494	+2%	40.938	+11%	37.624	+21%	31.838	+43%
Current Ratio	-	-	0.761	0.701	+9%	0.913	-17%	0.836	-9%	0.707	+8%
Debt To Asset Ratio	-	-	0.634	0.632	+0%	0.644	-2%	0.651	-3%	0.671	-6%
Debt To Equity Ratio	-	-	1.729	1.715	+1%	1.810	-4%	1.870	-8%	2.055	-16%
Dividend Per Share	-	-	0.637	0.629	+1%	0.571	+11%	0.537	+19%	0.457	+39%
Eps	-	-	1.357	0.792	+71%	0.747	+82%	0.752	+80%	0.701	+94%
Free Cash Flow Per Share	-	-	-1.590	-0.317	-80%	-0.848	-47%	-0.467	-71%	-0.159	-90%
Free Cash Flow To Equity Per Share	-	-	0.060	0.027	+122%	0.022	+171%	0.014	+327%	0.436	-86%
Gross Profit Margin	-	-	1.000	1.000	+0%	0.776	+29%	0.547	+83%	0.184	+443%
Intrinsic Value_10Y_max	-	-	-9.410	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-30.330	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.683	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-2.792	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-2.250	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-8.652	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-4.056	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-14.757	-	-	-	-	-	-	-	-
Market Cap	2969401038.000	-5%	3118300017.000	3271641455.250	-5%	3493304853.000	-11%	3652222343.550	-15%	3537086054.850	-12%
Net Profit Margin	-	-	0.234	0.132	+77%	0.120	+94%	0.134	+74%	0.131	+79%
Operating Margin	-	-	0.298	0.217	+38%	0.176	+70%	0.203	+47%	0.202	+48%
Operating Ratio	-	-	0.710	0.792	-10%	0.824	-14%	0.801	-11%	0.803	-12%
Pb Ratio	1.066	-5%	1.120	1.201	-7%	1.396	-20%	1.621	-31%	1.904	-41%
Pe Ratio	8.929	-5%	9.376	23.529	-60%	21.793	-57%	23.608	-60%	25.078	-63%
Price Per Share	48.460	-5%	50.890	53.393	-5%	57.010	-11%	59.604	-15%	57.725	-12%
Price To Free Cash Flow Ratio	-7.621	+5%	-8.003	-20.619	+158%	-4.108	-49%	-23.906	+199%	-8.262	+3%
Price To Total Gains Ratio	35.391	-5%	37.166	58.066	-36%	34.519	+8%	66.139	-44%	78.137	-52%
Quick Ratio	-	-	0.414	0.337	+23%	0.380	+9%	0.404	+2%	0.374	+11%
Return On Assets	-	-	0.011	0.007	+68%	0.006	+69%	0.007	+56%	0.007	+48%
Return On Equity	-	-	0.030	0.018	+68%	0.018	+64%	0.020	+48%	0.023	+32%
Total Gains Per Share	-	-	1.369	1.119	+22%	1.899	-28%	1.225	+12%	1.173	+17%
Usd Book Value	-	-	2785314000.000	2726363000.000	+2%	2508503250.000	+11%	2305401600.000	+21%	1950891700.000	+43%
Usd Book Value Change Per Share	-	-	0.733	0.490	+50%	1.328	-45%	0.688	+7%	0.716	+2%
Usd Book Value Per Share	-	-	45.456	44.494	+2%	40.938	+11%	37.624	+21%	31.838	+43%
Usd Dividend Per Share	-	-	0.637	0.629	+1%	0.571	+11%	0.537	+19%	0.457	+39%
Usd Eps	-	-	1.357	0.792	+71%	0.747	+82%	0.752	+80%	0.701	+94%
Usd Free Cash Flow	-	-	-97410000.000	-19414250.000	-80%	-51974500.000	-47%	-28640700.000	-71%	-9768650.000	-90%
Usd Free Cash Flow Per Share	-	-	-1.590	-0.317	-80%	-0.848	-47%	-0.467	-71%	-0.159	-90%
Usd Free Cash Flow To Equity Per Share	-	-	0.060	0.027	+122%	0.022	+171%	0.014	+327%	0.436	-86%
Usd Market Cap	2969401038.000	-5%	3118300017.000	3271641455.250	-5%	3493304853.000	-11%	3652222343.550	-15%	3537086054.850	-12%
Usd Price Per Share	48.460	-5%	50.890	53.393	-5%	57.010	-11%	59.604	-15%	57.725	-12%
Usd Profit	-	-	83142000.000	48532750.000	+71%	45752000.000	+82%	46066600.000	+80%	42926550.000	+94%
Usd Revenue	-	-	356009000.000	355525250.000	+0%	369459250.000	-4%	336439950.000	+6%	322571725.000	+10%
Usd Total Gains Per Share	-	-	1.369	1.119	+22%	1.899	-28%	1.225	+12%	1.173	+17%
	EOD	+3 -5	MRQ	TTM	+26 -10	YOY	+24 -12	5Y	+27 -9	10Y	+26 -10

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	8.929
Price to Book Ratio (EOD)	Between	0-1	1.066
Net Profit Margin (MRQ)	Greater than	0	0.234
Operating Margin (MRQ)	Greater than	0	0.298
Quick Ratio (MRQ)	Greater than	1	0.414
Current Ratio (MRQ)	Greater than	1	0.761
Debt to Asset Ratio (MRQ)	Less than	1	0.634
Debt to Equity Ratio (MRQ)	Less than	1	1.729
Return on Equity (MRQ)	Greater than	0.15	0.030
Return on Assets (MRQ)	Greater than	0.05	0.011
Total			4/10 (40.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.633
Ma 20	Greater than	Ma 50	49.581
Ma 50	Greater than	Ma 100	48.464
Ma 100	Greater than	Ma 200	48.977
Open	Greater than	Close	48.820
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	7,600,652
Total Liabilities	4,815,338
Total Stockholder Equity	2,785,314

	As reported
Total Liabilities	4,815,338
Total Stockholder Equity	+ 2,785,314
Total Assets	= 7,600,652

Assets

Total Assets	7,600,652
Total Current Assets	407,006
Long-term Assets	7,193,646

Total Current Assets

Total Current Assets (as reported)	407,006
Cash And Cash Equivalents	9,164
Net Receivables	212,257
Inventory	114,539
Other Current Assets	55,023
Total Current Assets (calculated)	390,983
+/-	16,023

Long-term Assets

Long-term Assets (as reported)	7,193,646
Property Plant Equipment	6,039,801
Goodwill	357,586
Long-term Assets Other	796,259
Long-term Assets (calculated)	7,193,646
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	534,898
Long-term Liabilities	4,280,440
Total Stockholder Equity	2,785,314

Total Current Liabilities

Total Current Liabilities (as reported)	534,898
Short-term Debt	103,288
Short Long Term Debt	99,950
Accounts payable	124,340
Other Current Liabilities	279,614
Total Current Liabilities (calculated)	607,192
+/-	72,294

Long-term Liabilities

Long-term Liabilities (as reported)	4,280,440
Long term Debt	2,684,635
Capital Lease Obligations	8,799
Long-term Liabilities Other	89,210
Long-term Liabilities (calculated)	2,782,644
+/-	1,497,796

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,785,314
Common Stock	648
Retained Earnings	811,495
Accumulated Other Comprehensive Income	-7,656
Other Stockholders Equity	1,980,827
Total Stockholder Equity (calculated)	2,785,314
+/-	0

Other

Capital Stock	648
Cash and Short Term Investments	9,164
Common Stock Shares Outstanding	61,242
Current Deferred Revenue	27,656
Liabilities and Stockholders Equity	7,600,652
Net Debt	2,784,220
Net Invested Capital	5,569,899
Net Working Capital	-127,892
Property Plant and Equipment Gross	8,299,873
Short Long Term Debt Total	2,793,384

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
366,300
353,400
349,900
359,100
363,400
366,100
518,000
558,700
558,700
572,300
558,100
1,113,700
1,050,800
1,047,900
1,090,600
1,106,100
1,104,000
1,140,000
1,167,200
1,736,200
1,805,600
1,780,600
1,903,700
1,956,800
2,254,523
2,383,567
2,537,465
2,898,070
2,898,070
2,548,083
2,623,284
2,617,361
2,617,361
4,089,525
4,066,354
2,672,925
2,672,925
2,624,886
2,543,570
2,444,511
2,467,782
2,422,343
2,444,722
2,413,516
2,433,766
2,379,589
2,360,361
2,400,403
2,359,443
2,329,847
2,396,831
2,395,937
2,340,499
2,353,941
2,385,708
2,547,380
2,548,306
2,570,653
2,593,814
2,762,037
2,791,849
2,719,970
2,754,478
2,795,132
2,814,637
2,831,949
2,899,374
3,037,669
3,016,439
3,006,990
3,061,824
3,210,438
3,217,371
3,224,089
3,306,946
3,485,533
3,480,730
3,551,048
3,633,650
3,715,260
3,751,258
3,791,777
3,874,298
4,973,943
4,989,091
5,060,068
5,235,078
5,278,640
5,261,173
5,307,606
5,393,941
5,499,321
5,500,301
5,556,932
5,628,955
5,420,917
5,400,418
5,438,974
5,500,098
5,644,376
5,700,655
5,720,435
5,810,180
5,910,600
5,966,943
5,971,775
6,075,639
6,389,449
6,502,813
6,566,240
6,666,630
6,780,443
6,822,035
6,920,297
7,114,213
7,317,783
7,281,000
7,294,242
7,429,499
7,600,652

7,600,652

7,429,499

7,294,242

7,281,000

7,317,783

7,114,213

6,920,297

6,822,035

6,780,443

6,666,630

6,566,240

6,502,813

6,389,449

6,075,639

5,971,775

5,966,943

5,910,600

5,810,180

5,720,435

5,700,655

5,644,376

5,500,098

5,438,974

5,400,418

5,420,917

5,628,955

5,556,932

5,500,301

5,499,321

5,393,941

5,307,606

5,261,173

5,278,640

5,235,078

5,060,068

4,989,091

4,973,943

3,874,298

3,791,777

3,751,258

3,715,260

3,633,650

3,551,048

3,480,730

3,485,533

3,306,946

3,224,089

3,217,371

3,210,438

3,061,824

3,006,990

3,016,439

3,037,669

2,899,374

2,831,949

2,814,637

2,795,132

2,754,478

2,719,970

2,791,849

2,762,037

2,593,814

2,570,653

2,548,306

2,547,380

2,385,708

2,353,941

2,340,499

2,395,937

2,396,831

2,329,847

2,359,443

2,400,403

2,360,361

2,379,589

2,433,766

2,413,516

2,444,722

2,422,343

2,467,782

2,444,511

2,543,570

2,624,886

2,672,925

4,066,354

4,089,525

2,617,361

2,623,284

2,548,083

2,898,070

2,537,465

2,383,567

2,254,523

1,956,800

1,903,700

1,780,600

1,805,600

1,736,200

1,167,200

1,140,000

1,104,000

1,106,100

1,090,600

1,047,900

1,050,800

1,113,700

558,100

572,300

558,700

518,000

366,100

363,400

359,100

349,900

353,400

366,300

> Total 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
39,300
30,400
28,300
36,200
36,300
31,900
58,300
90,600
90,600
93,700
87,900
197,700
142,200
129,600
161,100
156,400
133,300
121,200
98,900
267,200
268,800
274,400
355,700
383,600
396,597
531,813
656,543
1,000,991
1,000,991
632,728
645,585
628,546
628,546
667,435
687,876
556,358
556,358
577,100
555,573
430,478
456,950
415,077
431,227
347,678
371,832
320,543
279,560
313,493
260,134
234,104
248,517
268,474
228,886
226,904
252,406
278,354
271,137
284,523
278,254
313,417
349,151
260,374
237,412
264,827
252,423
225,096
253,778
303,054
271,032
244,076
269,014
290,199
263,856
233,607
287,124
303,128
265,378
246,081
280,661
320,956
316,917
290,657
320,480
350,885
317,943
312,165
315,836
286,660
250,476
237,991
238,339
280,195
244,652
248,017
253,713
296,359
258,034
231,920
247,222
277,685
288,131
252,994
265,822
301,600
330,302
263,586
281,328
308,680
358,711
347,732
387,278
437,795
398,849
403,329
472,803
538,824
448,200
357,206
358,354
407,006

407,006

358,354

357,206

448,200

538,824

472,803

403,329

398,849

437,795

387,278

347,732

358,711

308,680

281,328

263,586

330,302

301,600

265,822

252,994

288,131

277,685

247,222

231,920

258,034

296,359

253,713

248,017

244,652

280,195

238,339

237,991

250,476

286,660

315,836

312,165

317,943

350,885

320,480

290,657

316,917

320,956

280,661

246,081

265,378

303,128

287,124

233,607

263,856

290,199

269,014

244,076

271,032

303,054

253,778

225,096

252,423

264,827

237,412

260,374

349,151

313,417

278,254

284,523

271,137

278,354

252,406

226,904

228,886

268,474

248,517

234,104

260,134

313,493

279,560

320,543

371,832

347,678

431,227

415,077

456,950

430,478

555,573

577,100

556,358

687,876

667,435

628,546

645,585

632,728

1,000,991

656,543

531,813

396,597

383,600

355,700

274,400

268,800

267,200

98,900

121,200

133,300

156,400

161,100

129,600

142,200

197,700

87,900

93,700

90,600

58,300

31,900

36,300

36,200

28,300

30,400

39,300

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
7,900
2,300
1,800
2,600
3,300
2,000
8,900
4,600
4,600
3,400
1,600
36,800
30,800
26,800
10,200
14,300
17,900
9,900
11,200
30,900
26,100
38,900
38,500
29,700
42,874
77,466
115,339
91,601
91,601
76,616
84,496
53,528
53,528
79,717
75,214
45,569
45,569
106,223
74,869
15,183
96,050
101,557
111,170
17,058
77,314
49,674
20,268
2,691
11,961
3,005
1,685
1,930
1,546
16,660,000
18,253
12,773
33,755
24,242
8,575
11,292
83,246
22,963
6,043
4,344
7,128
6,149
6,561
6,234
7,180
4,540
5,994
5,928
7,792
8,105
18,196
9,822
6,884
7,793
10,921
16,557
19,481
16,934
17,731
20,362
12,109
32,868
10,135
11,980
9,027
8,969
5,063
5,079
12,433
16,859
7,868
8,473
4,742
5,569
6,912
7,860
3,959
4,217
5,046
5,100
56,393
7,464
3,512
5,811
8,925
5,942
8,577
2,820
13,645
8,117
9,069
8,489
10,700
7,757
5,091
9,164

9,164

5,091

7,757

10,700

8,489

9,069

8,117

13,645

2,820

8,577

5,942

8,925

5,811

3,512

7,464

56,393

5,100

5,046

4,217

3,959

7,860

6,912

5,569

4,742

8,473

7,868

16,859

12,433

5,079

5,063

8,969

9,027

11,980

10,135

32,868

12,109

20,362

17,731

16,934

19,481

16,557

10,921

7,793

6,884

9,822

18,196

8,105

7,792

5,928

5,994

4,540

7,180

6,234

6,561

6,149

7,128

4,344

6,043

22,963

83,246

11,292

8,575

24,242

33,755

12,773

18,253

16,660,000

1,546

1,930

1,685

3,005

11,961

2,691

20,268

49,674

77,314

17,058

111,170

101,557

96,050

15,183

74,869

106,223

45,569

75,214

79,717

53,528

84,496

76,616

91,601

115,339

77,466

42,874

29,700

38,500

38,900

26,100

30,900

11,200

9,900

17,900

14,300

10,200

26,800

30,800

36,800

1,600

3,400

4,600

8,900

2,000

3,300

2,600

1,800

2,300

7,900

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
28,081
45,357
55,734
46,673
27,043
27,300
21,199
22,291
18,115
44,900
24,982
23,845
25,238
26,283
17,781
15,792
15,836
15,671
16,660
13,574
14,482
13,904
19,520
16,166
14,727
14,948
16,640
13,542
13,608
13,408
14,812
11,367
12,862
12,596
14,021
11,674
12,716
9,035
7,857
7,985
6,700
8,687
8,068
8,236
6,896
12,619
15,560
38,363
29,662
24,691
20,521
18,639
6,634
6,831
6,588
6,706
4,426
4,852
5,608
7,052
3,556
6,158
7,343
7,181
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

7,181

7,343

6,158

3,556

7,052

5,608

4,852

4,426

6,706

6,588

6,831

6,634

18,639

20,521

24,691

29,662

38,363

15,560

12,619

6,896

8,236

8,068

8,687

6,700

7,985

7,857

9,035

12,716

11,674

14,021

12,596

12,862

11,367

14,812

13,408

13,608

13,542

16,640

14,948

14,727

16,166

19,520

13,904

14,482

13,574

16,660

15,671

15,836

15,792

17,781

26,283

25,238

23,845

24,982

44,900

18,115

22,291

21,199

27,300

27,043

46,673

55,734

45,357

28,081

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,900
10,000
7,800
12,300
13,900
11,700
21,000
51,500
51,500
65,400
56,800
89,300
53,800
50,300
98,600
90,700
73,400
67,800
43,400
131,500
136,600
129,700
180,500
205,400
188,983
284,173
358,162
710,440
710,440
403,020
388,243
382,329
382,329
379,121
359,002
281,447
281,447
105,215
90,753
106,443
112,811
79,632
90,138
141,350
123,378
90,993
94,128
160,856
134,926
89,229
89,212
149,793
140,029
102,814
102,804
143,482
142,280
116,802
108,540
155,672
142,377
97,962
90,458
143,759
134,281
91,985
98,642
143,304
144,725
106,517
107,112
147,151
131,512
102,931
109,463
143,695
143,286
116,526
129,195
174,913
171,150
130,342
120,713
163,479
148,843
122,888
117,454
154,410
134,983
115,833
116,821
159,556
142,552
123,925
129,671
182,282
170,270
129,975
127,930
162,373
169,640
126,025
126,373
167,400
155,911
125,104
133,115
168,229
162,999
143,497
139,328
198,671
173,735
146,041
149,149
244,952
218,700
147,173
148,043
212,257

212,257

148,043

147,173

218,700

244,952

149,149

146,041

173,735

198,671

139,328

143,497

162,999

168,229

133,115

125,104

155,911

167,400

126,373

126,025

169,640

162,373

127,930

129,975

170,270

182,282

129,671

123,925

142,552

159,556

116,821

115,833

134,983

154,410

117,454

122,888

148,843

163,479

120,713

130,342

171,150

174,913

129,195

116,526

143,286

143,695

109,463

102,931

131,512

147,151

107,112

106,517

144,725

143,304

98,642

91,985

134,281

143,759

90,458

97,962

142,377

155,672

108,540

116,802

142,280

143,482

102,804

102,814

140,029

149,793

89,212

89,229

134,926

160,856

94,128

90,993

123,378

141,350

90,138

79,632

112,811

106,443

90,753

105,215

281,447

359,002

379,121

382,329

388,243

403,020

710,440

358,162

284,173

188,983

205,400

180,500

129,700

136,600

131,500

43,400

67,800

73,400

90,700

98,600

50,300

53,800

89,300

56,800

65,400

51,500

21,000

11,700

13,900

12,300

7,800

10,000

13,900

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
4,900
4,100
4,000
6,600
5,800
5,100
7,100
0
12,800
6,300
8,000
20,800
26,900
24,500
27,200
15,400
13,900
13,100
18,300
32,000
35,600
30,700
36,400
44,400
57,433
45,016
46,788
55,080
55,080
66,961
83,556
86,461
86,461
133,539
167,869
145,111
142,692
338,929
354,085
282,331
221,561
206,879
198,591
161,237
148,468
153,464
117,137
109,021
81,534
88,273
82,355
56,208
58,400
66,673
51,548
37,878
65,523
96,175
36,271
57,566
64,071
48,822
41,975
52,037
61,651
54,960
61,466
65,901
59,444
53,127
52,594
58,350
40,925
42,710
49,585
51,607
38,944
43,878
39,431
52,680
57,527
63,189
54,835
61,445
43,671
41,906
48,546
60,178
53,002
56,678
55,438
61,928
42,538
51,026
52,595
49,616
33,150
42,335
52,461
49,186
59,902
62,729
70,180
68,300
56,012
60,845
65,149
44,973
99,168
95,326
113,507
115,541
100,580
106,506
136,329
164,050
109,900
78,436
69,591
55,023

55,023

69,591

78,436

109,900

164,050

136,329

106,506

100,580

115,541

113,507

95,326

99,168

44,973

65,149

60,845

56,012

68,300

70,180

62,729

59,902

49,186

52,461

42,335

33,150

49,616

52,595

51,026

42,538

61,928

55,438

56,678

53,002

60,178

48,546

41,906

43,671

61,445

54,835

63,189

57,527

52,680

39,431

43,878

38,944

51,607

49,585

42,710

40,925

58,350

52,594

53,127

59,444

65,901

61,466

54,960

61,651

52,037

41,975

48,822

64,071

57,566

36,271

96,175

65,523

37,878

51,548

66,673

58,400

56,208

82,355

88,273

81,534

109,021

117,137

153,464

148,468

161,237

198,591

206,879

221,561

282,331

354,085

338,929

142,692

145,111

167,869

133,539

86,461

83,556

66,961

55,080

46,788

45,016

57,433

44,400

36,400

30,700

35,600

32,000

18,300

13,100

13,900

15,400

27,200

24,500

26,900

20,800

8,000

6,300

12,800

7,100

5,100

5,800

6,600

4,000

4,100

4,900

> Long-term 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
327,000
323,000
321,600
322,900
327,100
334,200
459,700
0
468,100
478,600
470,200
916,000
908,600
918,300
929,500
949,700
970,700
1,018,800
1,068,300
1,469,000
1,536,800
1,506,200
1,548,000
1,573,200
1,857,926
1,851,754
1,880,922
0
1,897,079
1,915,355
1,977,699
0
1,988,815
3,422,090
3,378,478
0
2,116,567
2,047,786
1,987,997
2,014,033
2,010,832
2,007,266
2,013,495
2,065,838
2,061,934
2,059,046
2,080,801
2,086,910
2,099,309
2,095,743
2,148,314
2,127,463
2,111,613
2,127,037
2,133,302
2,269,026
2,277,169
2,286,130
2,315,560
2,448,620
2,442,698
2,459,596
2,517,066
2,530,305
2,562,214
2,606,853
2,645,596
2,734,615
2,745,407
2,762,914
2,792,810
2,920,239
2,953,515
2,990,482
3,019,822
3,182,405
3,215,352
3,304,967
3,352,989
3,394,304
3,434,341
3,501,120
3,553,818
4,623,058
4,671,148
4,747,903
4,919,242
4,991,980
5,010,697
5,069,615
5,155,602
5,219,126
5,255,649
5,308,915
5,375,242
5,124,558
5,142,384
5,207,054
5,252,876
5,366,691
5,412,524
5,467,441
5,544,358
5,609,000
5,636,641
5,708,189
5,794,311
6,080,769
6,144,102
6,218,508
6,279,352
6,342,648
6,423,186
6,516,968
6,641,410
6,778,959
6,832,700
6,937,036
7,071,145
7,193,646

7,193,646

7,071,145

6,937,036

6,832,700

6,778,959

6,641,410

6,516,968

6,423,186

6,342,648

6,279,352

6,218,508

6,144,102

6,080,769

5,794,311

5,708,189

5,636,641

5,609,000

5,544,358

5,467,441

5,412,524

5,366,691

5,252,876

5,207,054

5,142,384

5,124,558

5,375,242

5,308,915

5,255,649

5,219,126

5,155,602

5,069,615

5,010,697

4,991,980

4,919,242

4,747,903

4,671,148

4,623,058

3,553,818

3,501,120

3,434,341

3,394,304

3,352,989

3,304,967

3,215,352

3,182,405

3,019,822

2,990,482

2,953,515

2,920,239

2,792,810

2,762,914

2,745,407

2,734,615

2,645,596

2,606,853

2,562,214

2,530,305

2,517,066

2,459,596

2,442,698

2,448,620

2,315,560

2,286,130

2,277,169

2,269,026

2,133,302

2,127,037

2,111,613

2,127,463

2,148,314

2,095,743

2,099,309

2,086,910

2,080,801

2,059,046

2,061,934

2,065,838

2,013,495

2,007,266

2,010,832

2,014,033

1,987,997

2,047,786

2,116,567

3,378,478

3,422,090

1,988,815

1,977,699

1,915,355

1,897,079

1,880,922

1,851,754

1,857,926

1,573,200

1,548,000

1,506,200

1,536,800

1,469,000

1,068,300

1,018,800

970,700

949,700

929,500

918,300

908,600

916,000

470,200

478,600

468,100

459,700

334,200

327,100

322,900

321,600

323,000

327,000

Property Plant Equipment

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
238,800
240,500
244,600
250,500
252,800
255,300
326,200
336,900
336,900
343,600
340,900
519,100
513,600
524,600
531,000
545,600
550,300
554,700
559,200
629,300
637,300
649,700
663,000
681,700
682,843
687,809
683,168
695,965
695,965
730,772
806,236
818,367
818,367
1,782,676
1,798,334
1,253,746
1,253,746
1,234,512
1,237,553
1,362,749
1,360,566
1,364,632
1,375,103
1,379,060
1,378,468
1,381,558
1,392,236
1,409,205
1,414,154
1,425,633
1,482,210
1,491,855
1,566,703
1,586,929
1,597,404
1,770,880
1,785,079
1,798,735
1,816,150
1,839,699
1,839,603
1,852,378
1,899,525
1,964,121
1,996,483
2,033,932
2,075,215
2,117,977
2,127,254
2,141,348
2,170,928
2,213,267
2,230,788
2,266,196
2,319,173
2,435,590
2,444,405
2,532,359
2,573,562
2,690,128
2,706,645
2,747,877
2,799,823
3,758,008
3,781,199
3,843,234
4,004,516
4,059,499
4,069,086
4,109,730
4,161,993
4,214,892
4,223,690
4,261,983
4,309,293
4,358,265
4,364,803
4,417,662
4,460,150
4,521,318
4,537,909
4,588,398
4,650,951
5,251,400
4,717,515
4,784,017
4,860,759
4,952,935
4,993,255
5,071,826
5,152,455
5,247,232
5,317,518
5,411,690
5,533,601
5,657,480
6,475,100
5,802,526
5,932,179
6,039,801

6,039,801

5,932,179

5,802,526

6,475,100

5,657,480

5,533,601

5,411,690

5,317,518

5,247,232

5,152,455

5,071,826

4,993,255

4,952,935

4,860,759

4,784,017

4,717,515

5,251,400

4,650,951

4,588,398

4,537,909

4,521,318

4,460,150

4,417,662

4,364,803

4,358,265

4,309,293

4,261,983

4,223,690

4,214,892

4,161,993

4,109,730

4,069,086

4,059,499

4,004,516

3,843,234

3,781,199

3,758,008

2,799,823

2,747,877

2,706,645

2,690,128

2,573,562

2,532,359

2,444,405

2,435,590

2,319,173

2,266,196

2,230,788

2,213,267

2,170,928

2,141,348

2,127,254

2,117,977

2,075,215

2,033,932

1,996,483

1,964,121

1,899,525

1,852,378

1,839,603

1,839,699

1,816,150

1,798,735

1,785,079

1,770,880

1,597,404

1,586,929

1,566,703

1,491,855

1,482,210

1,425,633

1,414,154

1,409,205

1,392,236

1,381,558

1,378,468

1,379,060

1,375,103

1,364,632

1,360,566

1,362,749

1,237,553

1,234,512

1,253,746

1,798,334

1,782,676

818,367

806,236

730,772

695,965

683,168

687,809

682,843

681,700

663,000

649,700

637,300

629,300

559,200

554,700

550,300

545,600

531,000

524,600

513,600

519,100

340,900

343,600

336,900

326,200

255,300

252,800

250,500

244,600

240,500

238,800

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
400,095
375,798
375,798
375,798
375,798
375,798
375,798
435,076
435,076
435,076
435,076
435,076
0
0
0
435,076
0
0
0
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,986
357,986
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,600
357,586
357,586
357,586

357,586

357,600

357,586

357,986

357,586

355,128

435,076

375,798

400,095

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,200
0
0
0
18,200
0
0
0
18,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

18,200

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
1,028,657
1,017,874
1,030,408
1,033,035
1,016,685
1,007,467
994,721
979,648
852,811
660,360
1,048,549
518,239
118,144
375,798
375,798
375,798
375,798
375,798
375,798
435,076
435,076
435,076
435,076
435,076
435,076
435,076
435,076
435,076
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
355,128
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
357,586
0
0
357,986
357,986
14
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

357,986

357,586

355,128

435,076

375,798

118,144

518,239

1,048,549

660,360

852,811

979,648

994,721

1,007,467

1,016,685

1,033,035

1,030,408

1,017,874

1,028,657

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,175,083
1,163,945
1,197,754
1,201,114
1,186,143
1,184,583
1,171,463
1,170,448
1,858,121
1,639,414
1,970,746
862,821
867,520
813,274
750,444
651,284
650,266
642,634
638,392
686,778
683,466
677,488
688,565
677,705
685,155
670,110
666,104
635,608
544,910
540,108
535,898
498,146
492,090
487,395
499,410
608,921
603,095
607,218
617,541
566,184
565,731
572,921
570,381
616,638
618,153
621,566
621,882
706,972
722,727
724,286
700,649
746,815
770,947
772,608
779,427
704,176
727,696
753,243
753,995
865,050
889,949
904,669
914,726
932,481
941,611
959,885
993,609
1,004,234
1,031,959
1,046,932
1,065,949
766,293
777,581
431,806
435,140
469,587
513,767
518,062
531,823
528,583
561,540
566,586
575,966
752,048
793,261
789,096
769,311
737,830
748,082
747,692
750,223
763,893
100
0
0
0

100

763,893

750,223

747,692

748,082

737,830

769,311

789,096

793,261

752,048

575,966

566,586

561,540

528,583

531,823

518,062

513,767

469,587

435,140

431,806

777,581

766,293

1,065,949

1,046,932

1,031,959

1,004,234

993,609

959,885

941,611

932,481

914,726

904,669

889,949

865,050

753,995

753,243

727,696

704,176

779,427

772,608

770,947

746,815

700,649

724,286

722,727

706,972

621,882

621,566

618,153

616,638

570,381

572,921

565,731

566,184

617,541

607,218

603,095

608,921

499,410

487,395

492,090

498,146

535,898

540,108

544,910

635,608

666,104

670,110

685,155

677,705

688,565

677,488

683,466

686,778

638,392

642,634

650,266

651,284

750,444

813,274

867,520

862,821

1,970,746

1,639,414

1,858,121

1,170,448

1,171,463

1,184,583

1,186,143

1,201,114

1,197,754

1,163,945

1,175,083

> 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
0
0
0
0
0
0
239,800
232,300
231,800
241,800
241,600
242,700
362,100
399,700
399,700
404,900
395,000
759,400
689,300
680,600
667,200
736,000
683,000
732,800
772,200
1,061,600
1,113,700
1,098,700
1,236,300
1,291,300
1,437,961
1,613,900
1,799,640
2,177,115
2,177,115
1,921,590
2,053,189
2,033,883
2,033,883
3,717,335
3,757,083
3,118,661
3,118,661
3,128,828
3,100,209
3,030,462
3,036,665
2,995,954
3,047,703
1,704,181
1,713,201
1,672,483
1,645,390
1,662,908
1,608,518
1,590,055
1,655,243
1,653,166
1,582,699
1,597,462
1,612,597
1,724,356
1,713,878
1,738,688
1,839,585
1,998,504
2,017,339
1,951,009
1,978,844
2,008,108
2,010,844
2,024,061
2,089,339
2,217,322
2,175,607
2,167,809
2,223,615
2,351,326
2,337,669
2,322,887
2,418,127
2,551,501
2,505,120
2,548,798
2,629,368
2,684,590
2,676,941
2,724,624
2,792,612
3,496,160
3,482,947
3,543,414
3,716,232
3,678,466
3,646,502
3,679,971
3,745,134
3,823,094
3,791,098
3,848,335
3,902,767
3,622,002
3,565,795
3,541,243
3,600,198
3,701,994
3,710,863
3,710,357
3,805,656
3,871,500
3,906,467
3,918,219
4,021,089
4,310,354
4,388,978
4,388,925
4,420,097
4,440,730
4,455,054
4,455,777
4,576,884
4,652,600
4,588,000
4,607,518
4,689,085
4,815,338

4,815,338

4,689,085

4,607,518

4,588,000

4,652,600

4,576,884

4,455,777

4,455,054

4,440,730

4,420,097

4,388,925

4,388,978

4,310,354

4,021,089

3,918,219

3,906,467

3,871,500

3,805,656

3,710,357

3,710,863

3,701,994

3,600,198

3,541,243

3,565,795

3,622,002

3,902,767

3,848,335

3,791,098

3,823,094

3,745,134

3,679,971

3,646,502

3,678,466

3,716,232

3,543,414

3,482,947

3,496,160

2,792,612

2,724,624

2,676,941

2,684,590

2,629,368

2,548,798

2,505,120

2,551,501

2,418,127

2,322,887

2,337,669

2,351,326

2,223,615

2,167,809

2,175,607

2,217,322

2,089,339

2,024,061

2,010,844

2,008,108

1,978,844

1,951,009

2,017,339

1,998,504

1,839,585

1,738,688

1,713,878

1,724,356

1,612,597

1,597,462

1,582,699

1,653,166

1,655,243

1,590,055

1,608,518

1,662,908

1,645,390

1,672,483

1,713,201

1,704,181

3,047,703

2,995,954

3,036,665

3,030,462

3,100,209

3,128,828

3,118,661

3,757,083

3,717,335

2,033,883

2,053,189

1,921,590

2,177,115

1,799,640

1,613,900

1,437,961

1,291,300

1,236,300

1,098,700

1,113,700

1,061,600

772,200

732,800

683,000

736,000

667,200

680,600

689,300

759,400

395,000

404,900

399,700

362,100

242,700

241,600

241,800

231,800

232,300

239,800

> 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
31,500
27,000
26,300
39,200
36,300
36,400
45,300
58,800
58,800
69,300
79,400
152,800
110,600
121,400
138,700
144,600
125,800
174,800
83,300
209,400
192,600
187,200
270,200
269,000
275,687
439,938
571,083
890,977
890,977
831,877
782,442
929,100
929,100
911,625
1,193,858
537,495
537,495
1,695,138
1,294,778
1,136,786
1,138,670
1,093,547
1,123,180
328,068
337,926
312,111
288,644
424,659
401,190
363,289
245,295
278,936
281,570
296,787
300,183
321,839
321,667
345,286
368,224
588,577
371,179
313,313
327,059
294,992
303,473
269,103
299,317
303,969
394,763
373,023
426,513
475,954
415,237
394,691
321,716
449,265
376,036
352,483
417,964
463,588
419,204
430,907
493,070
614,582
544,547
510,022
574,913
571,200
518,197
520,676
546,814
613,832
545,070
578,428
601,780
632,238
326,331
299,811
349,713
347,009
347,242
275,786
333,684
334,300
348,315
428,866
493,516
466,423
386,447
348,452
408,005
379,642
409,425
385,689
618,441
620,845
680,700
473,346
569,514
534,898

534,898

569,514

473,346

680,700

620,845

618,441

385,689

409,425

379,642

408,005

348,452

386,447

466,423

493,516

428,866

348,315

334,300

333,684

275,786

347,242

347,009

349,713

299,811

326,331

632,238

601,780

578,428

545,070

613,832

546,814

520,676

518,197

571,200

574,913

510,022

544,547

614,582

493,070

430,907

419,204

463,588

417,964

352,483

376,036

449,265

321,716

394,691

415,237

475,954

426,513

373,023

394,763

303,969

299,317

269,103

303,473

294,992

327,059

313,313

371,179

588,577

368,224

345,286

321,667

321,839

300,183

296,787

281,570

278,936

245,295

363,289

401,190

424,659

288,644

312,111

337,926

328,068

1,123,180

1,093,547

1,138,670

1,136,786

1,294,778

1,695,138

537,495

1,193,858

911,625

929,100

782,442

831,877

890,977

571,083

439,938

275,687

269,000

270,200

187,200

192,600

209,400

83,300

174,800

125,800

144,600

138,700

121,400

110,600

152,800

79,400

69,300

58,800

45,300

36,400

36,300

39,200

26,300

27,000

31,500

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
600
600
5,100
10,400
6,600
10,600
10,600
4,100
4,100
3,600
19,100
1,200
5,300
72,900
5,600
7,800
20,100
66,400
8,500
31,700
21,400
31,800
45,700
49,900
52,477
83,515
53,147
57,263
57,263
342,309
287,245
404,297
404,297
311,408
99,086
57,878
57,878
1,260,655
920,890
919,392
915,256
912,384
909,713
73,380
67,665
66,600
6,556
156,455
156,934
156,784
7,809
7,693
11,725
14,587
12,499
21,006
21,036
21,121
20,732
229,238
21,494
7,310
7,310
7,320
7,571
7,590
7,839
7,854
94,039
98,061
118,133
172,096
114,516
131,529
1,585
124,546
45,623
66,650
104,639
142,612
86,638
147,635
171,651
269,570
211,658
221,686
219,746
231,711
163,784
258,711
224,253
302,790
230,917
305,711
271,831
321,689
2,173
2,212
2,255
2,298
2,341
2,384
2,430
2,500
2,522
102,569
102,618
102,668
2,718
2,768
2,821
2,875
2,928
2,982
147,507
147,623
247,500
103,063
103,175
103,288

103,288

103,175

103,063

247,500

147,623

147,507

2,982

2,928

2,875

2,821

2,768

2,718

102,668

102,618

102,569

2,522

2,500

2,430

2,384

2,341

2,298

2,255

2,212

2,173

321,689

271,831

305,711

230,917

302,790

224,253

258,711

163,784

231,711

219,746

221,686

211,658

269,570

171,651

147,635

86,638

142,612

104,639

66,650

45,623

124,546

1,585

131,529

114,516

172,096

118,133

98,061

94,039

7,854

7,839

7,590

7,571

7,320

7,310

21,494

229,238

20,732

21,121

21,036

21,006

12,499

14,587

11,725

7,693

7,809

156,784

156,934

156,455

6,556

66,600

67,665

73,380

909,713

912,384

915,256

919,392

920,890

1,260,655

57,878

99,086

311,408

404,297

287,245

342,309

57,263

53,147

83,515

52,477

49,900

45,700

31,800

21,400

31,700

8,500

66,400

20,100

7,800

5,600

72,900

5,300

1,200

19,100

3,600

4,100

10,600

6,600

10,400

5,100

600

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,959,831
0
0
0
2,026,219
0
258,711
224,253
2,120,474
230,917
2,122,828
2,088,681
2,137,318
2,040,404
2,033,146
0
0
1,413
1,283
0
0
0
100,000
100,000
100,000
0
0
0
0
0
0
144,467
144,525
247,500
99,850
99,900
99,950

99,950

99,900

99,850

247,500

144,525

144,467

100,000

1,283

1,413

2,033,146

2,040,404

2,137,318

2,088,681

2,122,828

230,917

2,120,474

224,253

258,711

2,026,219

1,959,831

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
10,400
8,600
8,300
13,100
10,100
7,700
16,300
0
15,600
9,300
10,200
99,400
42,200
11,100
86,700
89,100
54,700
56,300
43,300
113,000
116,100
102,100
153,400
158,000
109,111
227,682
337,768
638,818
638,818
286,052
269,002
264,844
264,844
99,048
80,427
101,779
101,779
47,644
34,713
67,602
68,784
58,162
72,054
85,120
62,858
53,296
66,192
99,419
59,345
55,337
55,576
78,739
59,177
61,369
57,844
91,588
65,989
69,237
72,340
94,685
66,289
56,121
58,511
92,923
69,073
54,462
53,662
75,042
52,052
53,550
59,117
76,735
52,396
58,318
62,238
83,746
67,250
58,287
63,390
92,957
68,697
63,970
61,942
81,961
56,345
52,200
60,235
74,511
56,522
55,470
57,217
79,311
56,446
55,530
62,686
85,160
54,762
56,559
62,019
87,043
81,548
58,885
66,550
96,700
66,507
69,400
74,663
100,388
80,225
89,622
89,737
115,237
99,926
121,197
148,451
201,498
104,800
94,552
119,315
124,340

124,340

119,315

94,552

104,800

201,498

148,451

121,197

99,926

115,237

89,737

89,622

80,225

100,388

74,663

69,400

66,507

96,700

66,550

58,885

81,548

87,043

62,019

56,559

54,762

85,160

62,686

55,530

56,446

79,311

57,217

55,470

56,522

74,511

60,235

52,200

56,345

81,961

61,942

63,970

68,697

92,957

63,390

58,287

67,250

83,746

62,238

58,318

52,396

76,735

59,117

53,550

52,052

75,042

53,662

54,462

69,073

92,923

58,511

56,121

66,289

94,685

72,340

69,237

65,989

91,588

57,844

61,369

59,177

78,739

55,576

55,337

59,345

99,419

66,192

53,296

62,858

85,120

72,054

58,162

68,784

67,602

34,713

47,644

101,779

80,427

99,048

264,844

269,002

286,052

638,818

337,768

227,682

109,111

158,000

153,400

102,100

116,100

113,000

43,300

56,300

54,700

89,100

86,700

11,100

42,200

99,400

10,200

9,300

15,600

16,300

7,700

10,100

13,100

8,300

8,600

10,400

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
20,500
17,800
12,900
100
19,600
-100
18,400
0
39,100
56,400
50,100
100
100
37,400
-100
47,700
51,000
52,100
-100
-100
55,100
-100
71,100
-100
114,099
128,741
180,168
194,896
194,896
203,516
226,195
259,959
259,959
501,169
1,014,345
377,838
377,838
386,839
339,175
139,256
154,630
123,001
141,413
169,568
207,403
192,215
215,896
158,265
184,911
151,168
181,910
192,485
210,668
220,831
229,840
206,258
234,642
254,928
50,296
263,969
43,692
306,003
37,051
29,622
295,902
20,219
17,071
17,173
23,187
19,284
19,836
220,601
32,390
28,488
43,757
203,830
49,717
48,352
40,216
213,718
48,356
51,781
52,613
242,208
57,009
60,558
68,908
-236,554
78,019
25,376
24,159
-343,851
19,031
16,670
15,226
-115,340
17,547
25,667
22,297
-136,950
17,367
17,224
21,611
-212,886
41,339
45,445
46,513
-208,410
32,625
25,618
22,912
232,517
306,571
-257,053
-195,593
245,587
328,400
28,444
31,733
279,614

279,614

31,733

28,444

328,400

245,587

-195,593

-257,053

306,571

232,517

22,912

25,618

32,625

-208,410

46,513

45,445

41,339

-212,886

21,611

17,224

17,367

-136,950

22,297

25,667

17,547

-115,340

15,226

16,670

19,031

-343,851

24,159

25,376

78,019

-236,554

68,908

60,558

57,009

242,208

52,613

51,781

48,356

213,718

40,216

48,352

49,717

203,830

43,757

28,488

32,390

220,601

19,836

19,284

23,187

17,173

17,071

20,219

295,902

29,622

37,051

306,003

43,692

263,969

50,296

254,928

234,642

206,258

229,840

220,831

210,668

192,485

181,910

151,168

184,911

158,265

215,896

192,215

207,403

169,568

141,413

123,001

154,630

139,256

339,175

386,839

377,838

1,014,345

501,169

259,959

226,195

203,516

194,896

180,168

128,741

114,099

-100

71,100

-100

55,100

-100

52,100

51,000

47,700

-100

37,400

100

50,100

56,400

39,100

18,400

-100

19,600

100

12,900

17,800

20,500

> 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
0
0
0
0
0
0
208,400
205,400
205,500
202,500
205,300
206,200
284,200
0
308,500
303,200
283,200
758,400
738,800
726,600
751,800
791,200
803,500
791,800
910,100
1,233,200
1,318,400
1,297,900
1,337,500
1,369,500
1,668,400
1,633,900
1,653,800
0
1,614,400
1,381,500
1,505,300
0
1,316,300
2,819,200
2,575,900
0
1,704,189
526,555
297,088
375,479
379,280
383,400
385,715
804,920
812,095
790,276
794,320
686,707
658,079
671,026
867,139
852,779
774,433
783,901
784,370
1,402,517
884,368
882,831
1,471,361
1,409,927
1,646,160
1,637,696
1,651,785
1,713,116
1,707,371
1,754,958
1,790,022
1,913,353
1,780,844
1,794,786
1,797,102
1,875,372
1,922,432
1,928,196
2,096,411
2,102,236
2,129,084
2,196,315
2,211,404
2,221,002
2,257,737
2,293,717
2,299,542
2,881,578
2,938,400
3,033,392
3,141,319
3,107,266
3,128,305
3,159,295
3,198,320
3,209,262
3,246,028
3,269,907
3,300,987
2,989,764
3,239,464
3,241,432
3,250,485
3,354,985
3,363,621
3,434,571
3,471,972
3,537,200
3,558,152
3,489,353
3,527,573
3,843,931
4,002,531
4,040,473
4,012,092
4,061,088
4,045,629
4,070,088
3,958,443
4,031,755
3,907,300
4,134,172
4,119,571
4,280,440

4,280,440

4,119,571

4,134,172

3,907,300

4,031,755

3,958,443

4,070,088

4,045,629

4,061,088

4,012,092

4,040,473

4,002,531

3,843,931

3,527,573

3,489,353

3,558,152

3,537,200

3,471,972

3,434,571

3,363,621

3,354,985

3,250,485

3,241,432

3,239,464

2,989,764

3,300,987

3,269,907

3,246,028

3,209,262

3,198,320

3,159,295

3,128,305

3,107,266

3,141,319

3,033,392

2,938,400

2,881,578

2,299,542

2,293,717

2,257,737

2,221,002

2,211,404

2,196,315

2,129,084

2,102,236

2,096,411

1,928,196

1,922,432

1,875,372

1,797,102

1,794,786

1,780,844

1,913,353

1,790,022

1,754,958

1,707,371

1,713,116

1,651,785

1,637,696

1,646,160

1,409,927

1,471,361

882,831

884,368

1,402,517

784,370

783,901

774,433

852,779

867,139

671,026

658,079

686,707

794,320

790,276

812,095

804,920

385,715

383,400

379,280

375,479

297,088

526,555

1,704,189

2,575,900

2,819,200

1,316,300

1,505,300

1,381,500

1,614,400

1,653,800

1,633,900

1,668,400

1,369,500

1,337,500

1,297,900

1,318,400

1,233,200

910,100

791,800

803,500

791,200

751,800

726,600

738,800

758,400

283,200

303,200

308,500

284,200

206,200

205,300

202,500

205,500

205,400

208,400

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,032,658
1,052,383
1,096,068
0
0
0
937,967
0
0
0
1,086,636
0
0
0
1,184,992
0
0
0
1,690,261
0
0
0
1,808,453
0
0
0
1,817,684
0
0
0
1,815,629
0
0
0
2,122,260
2,099,782
2,177,715
2,194,138
2,250,720
2,256,203
2,173,895
2,204,364
2,315,261
2,464,121
2,503,347
2,463,088
0
2,508,867
2,519,996
2,409,002
2,474,357
2,340,588
2,558,192
0
0

2,558,192

2,340,588

2,474,357

2,409,002

2,519,996

2,508,867

2,463,088

2,503,347

2,464,121

2,315,261

2,204,364

2,173,895

2,256,203

2,250,720

2,194,138

2,177,715

2,099,782

2,122,260

1,815,629

1,817,684

1,808,453

1,690,261

1,184,992

1,086,636

937,967

1,096,068

1,052,383

1,032,658

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
62,258
63,560
63,531
59,524
60,375
63,934
58,469
75,476
1,046,057
1,001,613
529,526
506,727
531,149
536,885
1,796,830
1,883,140
1,888,375
1,892,471
1,914,579
571,193
563,180
570,096
562,426
551,542
549,249
555,740
542,809
521,451
526,696
516,774
528,044
503,109
507,843
510,571
513,179
624,411
595,563
587,954
582,551
535,062
543,135
538,291
543,481
584,576
593,397
600,350
596,137
654,999
663,895
669,332
669,514
651,672
660,223
729,336
728,142
640,677
647,320
657,491
653,380
744,717
751,347
777,524
782,160
797,281
806,720
806,384
803,130
815,996
824,541
837,280
849,859
833,406
846,441
1,210,498
1,213,883
1,232,725
1,261,990
1,255,144
1,275,592
1,284,318
1,301,949
1,315,458
1,323,209
1,513,899
1,524,331
1,523,738
1,536,362
1,507,713
1,525,611
1,539,686
1,539,839
1,548,599
1,558,729
0
0
0

1,558,729

1,548,599

1,539,839

1,539,686

1,525,611

1,507,713

1,536,362

1,523,738

1,524,331

1,513,899

1,323,209

1,315,458

1,301,949

1,284,318

1,275,592

1,255,144

1,261,990

1,232,725

1,213,883

1,210,498

846,441

833,406

849,859

837,280

824,541

815,996

803,130

806,384

806,720

797,281

782,160

777,524

751,347

744,717

653,380

657,491

647,320

640,677

728,142

729,336

660,223

651,672

669,514

669,332

663,895

654,999

596,137

600,350

593,397

584,576

543,481

538,291

543,135

535,062

582,551

587,954

595,563

624,411

513,179

510,571

507,843

503,109

528,044

516,774

526,696

521,451

542,809

555,740

549,249

551,542

562,426

570,096

563,180

571,193

1,914,579

1,892,471

1,888,375

1,883,140

1,796,830

536,885

531,149

506,727

529,526

1,001,613

1,046,057

75,476

58,469

63,934

60,375

59,524

63,531

63,560

62,258

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
184,009
194,158
232,709
0
0
0
282,406
0
0
0
363,928
0
0
0
395,333
0
0
0
446,600
0
0
0
501,532
0
0
0
575,582
0
0
0
340,729
366,383
375,962
384,043
394,618
457,207
459,998
470,781
447,986
451,970
462,522
456,735
471,777
480,879
724,575
726,015
690,686
509,039
518,563
518,076
538,983
541,321
546,066
0
0

546,066

541,321

538,983

518,076

518,563

509,039

690,686

726,015

724,575

480,879

471,777

456,735

462,522

451,970

447,986

470,781

459,998

457,207

394,618

384,043

375,962

366,383

340,729

575,582

501,532

446,600

395,333

363,928

282,406

232,709

194,158

184,009

> Total Stockholder Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126,500
121,100
118,100
117,300
121,800
123,400
155,900
0
159,000
167,400
163,100
167,600
168,900
167,500
167,600
170,400
174,800
173,500
173,900
285,900
294,600
295,500
296,000
304,000
310,471
309,766
312,614
322,951
322,951
334,655
335,543
400,166
400,166
361,084
298,938
0
-456,076
-503,942
-556,639
-585,951
-568,883
-573,611
-602,981
709,335
720,565
707,106
714,971
737,495
750,925
739,792
741,588
742,771
757,800
756,479
773,111
823,024
834,428
831,965
754,229
763,533
774,510
768,961
775,634
787,024
803,793
807,888
810,035
820,347
840,832
839,181
838,209
859,112
879,702
901,202
888,819
934,032
975,610
1,002,250
1,004,282
1,030,670
1,074,317
1,067,153
1,081,686
1,477,783
1,506,144
1,516,654
1,518,846
1,600,174
1,614,671
1,627,635
1,648,807
1,676,227
1,709,203
1,708,597
1,726,188
1,798,915
1,834,623
1,897,731
1,899,900
1,942,382
1,989,792
2,010,078
2,004,524
2,039,100
2,060,476
2,053,556
2,054,550
2,079,095
2,113,835
2,177,315
2,246,533
2,339,713
2,366,981
2,464,520
2,537,329
2,665,183
2,693,000
2,686,724
2,740,414
2,785,314

2,785,314

2,740,414

2,686,724

2,693,000

2,665,183

2,537,329

2,464,520

2,366,981

2,339,713

2,246,533

2,177,315

2,113,835

2,079,095

2,054,550

2,053,556

2,060,476

2,039,100

2,004,524

2,010,078

1,989,792

1,942,382

1,899,900

1,897,731

1,834,623

1,798,915

1,726,188

1,708,597

1,709,203

1,676,227

1,648,807

1,627,635

1,614,671

1,600,174

1,518,846

1,516,654

1,506,144

1,477,783

1,081,686

1,067,153

1,074,317

1,030,670

1,004,282

1,002,250

975,610

934,032

888,819

901,202

879,702

859,112

838,209

839,181

840,832

820,347

810,035

807,888

803,793

787,024

775,634

768,961

774,510

763,533

754,229

831,965

834,428

823,024

773,111

756,479

757,800

742,771

741,588

739,792

750,925

737,495

714,971

707,106

720,565

709,335

-602,981

-573,611

-568,883

-585,951

-556,639

-503,942

-456,076

298,938

361,084

400,166

335,543

334,655

322,951

312,614

309,766

310,471

304,000

296,000

295,500

294,600

285,900

173,900

173,500

174,800

170,400

167,600

167,500

168,900

167,600

163,100

167,400

159,000

155,900

123,400

121,800

117,300

118,100

121,100

126,500

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
26,900
26,900
26,900
26,900
26,900
26,900
31,100
0
31,200
31,200
156,800
31,200
31,200
163,700
163,800
31,200
31,200
31,200
31,300
40,300
40,400
40,400
40,400
40,400
40,438
40,456
40,456
40,968
40,968
41,443
41,502
47,942
47,942
47,942
47,942
65,444
65,444
65,940
65,940
65,940
65,940
65,940
65,940
355
355
357
358
358
358
358
358
360
362
364
372
393
393
393
394
395
395
395
395
395
396
397
398
398
398
398
398
398
399
407
408
408
414
420
421
423
428
428
428
505
507
507
507
518
520
520
520
520
521
521
522
530
531
539
539
539
540
540
540
541
541
541
541
541
542
551
562
576
577
597
613
633
633
635
648
648

648

635

633

613

597

577

576

562

551

542

541

540

539

531

530

522

521

520

518

507

505

428

423

421

420

414

408

407

399

398

397

396

395

394

393

372

364

362

360

358

357

355

65,940

65,444

47,942

41,502

41,443

40,968

40,456

40,438

40,400

40,300

31,300

31,200

163,800

163,700

31,200

156,800

31,200

31,100

26,900

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
75,520
77,665
87,984
107,584
105,577
107,494
128,631
147,316
145,185
127,756
172,791
196,523
196,407
197,579
209,091
239,217
231,477
246,182
264,758
293,807
302,396
303,809
325,909
340,041
351,667
372,321
396,919
428,292
424,920
436,095
458,352
492,049
508,528
509,240
548,253
592,278
611,159
604,048
635,246
655,865
647,272
646,650
670,111
702,058
707,598
710,467
0
753,677
749,558
741,752
771,414
795,903
776,983
0
0

776,983

795,903

771,414

741,752

749,558

753,677

710,467

707,598

702,058

670,111

646,650

647,272

655,865

635,246

604,048

611,159

592,278

548,253

509,240

508,528

492,049

458,352

436,095

424,920

428,292

396,919

372,321

351,667

340,041

325,909

303,809

302,396

293,807

264,758

246,182

231,477

239,217

209,091

197,579

196,407

196,523

172,791

127,756

145,185

147,316

128,631

107,494

105,577

107,584

87,984

77,665

75,520

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
9,300
4,900
3,900
2,500
3,200
5,100
6,300
-150,500
5,700
-158,200
-162,400
9,800
-166,600
-166,200
-171,700
5,900
-180,500
-184,600
-190,300
2,200
2,500
3,700
3,000
5,000
3,412
2,936
3,950
-284,113
946
889
-501
-350,542
-949
4,569
3,861
-853,189
-4,137
-4,560
-4,692
-6,072
-6,092
-6,126
-6,036
-2,070
-1,640
-2,273
3,453
4,581
8,768
13,681
11,874
205
13,993
13,847
13,666
13,748
13,369
13,092
12,714
12,354
12,008
11,852
11,710
9,725
9,491
9,104
8,868
8,514
8,268
7,989
4,424
3,656
3,631
3,486
3,229
2,317
2,183
2,086
1,849
2,716
2,636
2,371
1,311
-8,766
-8,587
-8,734
-9,056
-8,596
-8,677
-8,632
-10,112
-9,714
-9,570
-9,581
-9,633
-8,772
-10,707
-10,508
-10,463
-9,934
-9,759
-9,733
-9,577
-9,648
-9,434
-9,329
-9,219
-7,269
-7,390
-7,415
-7,462
-7,310
-7,357
-7,401
-7,450
-7,848
-7,904
-7,959
-8,021
-7,656

-7,656

-8,021

-7,959

-7,904

-7,848

-7,450

-7,401

-7,357

-7,310

-7,462

-7,415

-7,390

-7,269

-9,219

-9,329

-9,434

-9,648

-9,577

-9,733

-9,759

-9,934

-10,463

-10,508

-10,707

-8,772

-9,633

-9,581

-9,570

-9,714

-10,112

-8,632

-8,677

-8,596

-9,056

-8,734

-8,587

-8,766

1,311

2,371

2,636

2,716

1,849

2,086

2,183

2,317

3,229

3,486

3,631

3,656

4,424

7,989

8,268

8,514

8,868

9,104

9,491

9,725

11,710

11,852

12,008

12,354

12,714

13,092

13,369

13,748

13,666

13,847

13,993

205

11,874

13,681

8,768

4,581

3,453

-2,273

-1,640

-2,070

-6,036

-6,126

-6,092

-6,072

-4,692

-4,560

-4,137

-853,189

3,861

4,569

-949

-350,542

-501

889

946

-284,113

3,950

2,936

3,412

5,000

3,000

3,700

2,500

2,200

-190,300

-184,600

-180,500

5,900

-171,700

-166,200

-166,600

9,800

-162,400

-158,200

5,700

-150,500

6,300

5,100

3,200

2,500

3,900

4,900

9,300

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
813,007
813,464
813,878
814,955
815,519
816,151
816,700
818,554
843,021
848,256
849,218
868,441
895,218
896,242
910,184
924,792
925,578
926,390
1,313,844
1,315,060
1,316,610
1,317,617
1,376,291
1,379,133
1,380,345
1,381,930
1,384,271
1,387,200
1,389,426
1,395,666
1,445,181
1,448,622
1,494,940
1,496,218
1,499,070
1,502,993
1,504,290
1,505,605
1,508,970
1,512,148
1,513,510
1,514,820
1,513,787
1,517,355
1,575,159
1,641,390
0
1,719,070
1,820,531
1,900,992
1,999,376
2,002,839
2,015,367
0
0

2,015,367

2,002,839

1,999,376

1,900,992

1,820,531

1,719,070

1,641,390

1,575,159

1,517,355

1,513,787

1,514,820

1,513,510

1,512,148

1,508,970

1,505,605

1,504,290

1,502,993

1,499,070

1,496,218

1,494,940

1,448,622

1,445,181

1,395,666

1,389,426

1,387,200

1,384,271

1,381,930

1,380,345

1,379,133

1,376,291

1,317,617

1,316,610

1,315,060

1,313,844

926,390

925,578

924,792

910,184

896,242

895,218

868,441

849,218

848,256

843,021

818,554

816,700

816,151

815,519

814,955

813,878

813,464

813,007

Treasury Stock

-98,302

-98,471

-98,392

-98,578

-98,765

-98,986

-98,424

-98,578

-98,730

-98,075

-98,242

-98,438

-98,644

-96,015

-96,092

-96,178

-96,260

-95,546

-95,634

-95,768

-95,872

-96,376

-96,462

-96,689

-97,240

-95,769

-95,852

-96,265

-96,346

-93,948

-94,031

-94,125

-94,643

-92,558

-92,625

-92,701

-92,756

-91,744

-91,809

-91,881

-91,951

-90,702

-90,830

-90,897

-90,198

-90,273

-90,258

-90,302

-90,373

-90,427

-90,360

-90,140

-90,203

-90,228

-90,050

-89,554

-89,536

-89,487

-89,349

-10,781

-10,485

-9,891

-9,886

-9,885

-9,681

-9,303

-6,676

-5,573

-2,585

-1,593

-81

-3,559

-3,560

-3,451

-3,500

-3,542

-3,681

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,900
29,900
29,900
29,900
29,900
29,900
55,600
0
56,600
214,900
168,700
56,700
223,200
170,000
175,500
56,600
180,500
184,600
190,300
158,500
159,600
160,100
160,100
160,100
160,028
160,192
160,192
0
165,932
172,252
172,954
0
237,116
237,391
-132,765
0
-69,029
301,173
301,348
301,455
301,562
301,668
301,775
717,994
717,710
716,650
718,874
715,667
714,914
712,318
715,533
731,508
724,717
732,291
748,048
792,280
793,473
794,645
716,162
716,413
716,567
717,116
717,481
717,299
717,814
722,867
723,104
723,451
724,582
725,217
725,893
726,427
728,356
752,124
757,426
758,516
776,490
803,337
804,433
818,440
832,036
832,877
833,765
1,221,286
1,220,417
1,222,485
1,223,586
1,282,343
1,282,787
1,284,080
1,286,078
1,288,502
1,289,960
1,292,737
1,299,204
1,348,805
1,352,750
1,399,172
1,400,584
1,403,524
1,406,733
1,408,112
1,409,513
1,412,955
1,413,504
1,415,072
1,416,578
1,415,712
1,418,625
1,476,581
1,542,966
1,617,979
1,620,084
1,721,766
1,802,414
1,900,984
1,904,368
1,917,065
1,980,432
1,980,827

1,980,827

1,980,432

1,917,065

1,904,368

1,900,984

1,802,414

1,721,766

1,620,084

1,617,979

1,542,966

1,476,581

1,418,625

1,415,712

1,416,578

1,415,072

1,413,504

1,412,955

1,409,513

1,408,112

1,406,733

1,403,524

1,400,584

1,399,172

1,352,750

1,348,805

1,299,204

1,292,737

1,289,960

1,288,502

1,286,078

1,284,080

1,282,787

1,282,343

1,223,586

1,222,485

1,220,417

1,221,286

833,765

832,877

832,036

818,440

804,433

803,337

776,490

758,516

757,426

752,124

728,356

726,427

725,893

725,217

724,582

723,451

723,104

722,867

717,814

717,299

717,481

717,116

716,567

716,413

716,162

794,645

793,473

792,280

748,048

732,291

724,717

731,508

715,533

712,318

714,914

715,667

718,874

716,650

717,710

717,994

301,775

301,668

301,562

301,455

301,348

301,173

-69,029

-132,765

237,391

237,116

172,954

172,252

165,932

160,192

160,028

160,100

159,600

158,500

190,300

184,600

180,500

56,600

175,500

170,000

223,200

56,700

168,700

214,900

56,600

55,600

29,900

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Accounts Payable	124,340	201,498	115,237	100,388	96,700	87,043	85,160	79,311	74,511	81,961	92,957	83,746	76,735	75,042	92,923	94,685	91,588	78,739	99,419	85,120	67,602	101,779	264,844	638,818	158,000	113,000	89,100	99,400	15,600	13,100	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-7,656	-7,848	-7,310	-7,269	-9,648	-9,934	-8,772	-9,714	-8,596	-8,766	2,716	2,317	3,656	8,514	9,725	12,354	13,748	205	4,581	-2,070	-6,072	-4,137	-949	946	5,000	2,200	5,900	9,800	5,700	2,500	-	-	-	-	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	8,799	11,897	14,772	17,439	17,439	19,915	22,213	24,346	26,325	28,162	29,895	31,562	32,918	34,288	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Capital Stock	648	633	576	541	541	539	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	1,999,376	0	1,513,787	1,508,970	1,499,070	1,445,181	1,384,271	1,376,291	1,313,844	910,184	849,218	816,700	813,878	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Cash	9,164	8,489	2,820	5,811	5,100	7,860	8,473	5,079	11,980	20,362	16,557	9,822	5,928	6,234	4,344	11,292	12,773	1,930	2,691	17,058	15,183	45,569	53,528	91,601	29,700	30,900	14,300	36,800	4,600	2,600	-	-	-	-	-	-	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	9,164	8,489	2,820	5,811	5,100	7,860	8,473	5,079	11,980	20,362	16,557	9,822	5,928	6,234	4,344	11,292	12,773	1,930	2,691	17,058	15,183	45,569	53,528	91,601	29,700	30,900	14,300	36,800	4,600	2,600	-	-	-	-	-	-	-	-	-
Common Stock	648	633	576	541	541	539	530	520	518	505	423	408	398	398	395	395	393	360	358	355	65,940	65,444	47,942	40,968	40,400	40,300	31,200	31,200	31,200	26,900	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	60,478	56,292	51,872	50,704	50,752	50,237	48,655	48,475	47,643	40,156	38,145	36,995	36,583	36,190	36,347	38,193	36,938	37,009	36,095	37,397	37,397	29,725	27,101	27,434	153,448	20,972	17,939	20,000	16,261	15,300	15,408	15,455	15,319	15,268	15,294	15,349	15,238	15,375	15,065
Common Stock Total Equity	0	633	0	541	541	539	530	520	518	505	423	408	398	398	395	395	393	360	358	355	65,940	65,444	47,942	40,968	40,400	40,300	31,200	31,200	31,200	26,900	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	27,656	26,137	29,013	207,514	0	216,792	210,047	205,370	183,988	206,882	181,613	192,548	193,939	203,900	165,127	215,431	168,610	0	0	0	0	0	0	0	61,200	64,800	0	52,100	0	15,600	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	538,983	690,686	471,777	447,986	394,618	340,729	575,582	501,532	446,600	395,333	363,928	282,406	232,709	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	-	-	-	-	-	-	-	-	-
Good Will	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	0	0	435,076	375,798	400,095	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Intangible Assets	0	0	0	0	14	0	357,586	357,586	357,586	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	435,076	435,076	435,076	375,798	118,144	979,648	1,033,035	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Inventory	114,539	107,359	80,614	61,010	53,900	50,815	52,432	49,206	53,458	55,094	55,609	54,161	59,532	50,701	47,305	70,741	63,586	60,543	40,925	28,033	26,521	86,650	106,228	143,870	104,100	72,800	36,000	50,800	21,700	14,700	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	7,600,652	7,317,783	6,780,443	6,389,449	5,910,600	5,644,376	5,420,917	5,499,321	5,278,640	4,973,943	3,715,260	3,485,533	3,210,438	3,037,669	2,795,132	2,762,037	2,547,380	2,395,937	2,400,403	2,413,516	2,444,511	2,672,925	2,617,361	2,898,070	1,956,800	1,736,200	1,106,100	1,113,700	558,700	359,100	-	-	-	-	-	-	-	-	-
Long Term Debt	2,684,635	2,474,357	2,541,478	2,315,261	2,233,281	2,102,345	1,793,416	1,793,338	1,782,128	1,662,099	1,155,097	1,055,074	905,049	1,061,780	1,016,866	670,809	825,362	739,424	586,515	763,566	0	2,074,266	1,023,373	1,171,065	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	2,474,357	0	2,315,261	2,250,720	2,122,260	1,815,629	1,817,684	1,808,453	1,690,261	1,184,992	1,086,636	937,967	1,096,068	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	18,200	18,200	18,200	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	-	-	-	-	-	-	-	-	-
Net Debt	2,784,220	2,622,290	2,553,430	2,426,889	2,248,100	2,116,698	2,128,845	2,115,395	2,028,184	1,939,469	1,311,047	1,201,360	1,104,135	1,097,688	1,019,842	888,755	833,595	745,187	740,279	819,888	904,209	1,716,325	1,186,642	1,049,227	803,400	677,200	451,300	421,400	212,300	134,900	-	-	-	-	-	-	-	-	-
Net Invested Capital	5,569,899	5,284,065	4,881,191	4,494,356	4,272,375	4,044,727	3,911,887	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	212,257	244,952	198,671	168,229	167,400	162,373	182,282	159,556	154,410	163,479	174,913	143,695	147,151	143,304	143,759	155,672	143,482	149,793	160,856	141,350	106,443	281,447	382,329	710,440	205,400	131,500	90,700	89,300	51,500	12,300	-	-	-	-	-	-	-	-	-
Net Tangible Assets	0	2,307,597	1,982,127	1,721,509	1,681,508	1,584,796	1,441,329	1,318,641	1,242,588	1,122,655	675,542	578,904	503,984	465,219	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Net Working Capital	-127,892	-82,021	58,153	-157,743	-32,540	-69,324	-335,879	-333,637	-284,540	-263,697	-142,632	-146,137	-185,755	-915	-30,165	-275,160	-43,485	-10,462	-111,166	19,610	-706,308	18,863	-300,554	110,014	114,600	57,800	11,800	44,900	31,800	-3,000	-	-	-	-	-	-	-	-	-
Non Current Assets Total	7,193,646	6,778,959	6,342,648	6,080,769	5,609,000	5,366,691	5,124,558	5,219,126	4,991,980	4,623,058	3,394,304	3,182,405	2,920,239	2,734,615	2,530,305	2,448,620	2,269,026	2,127,463	2,086,910	2,065,838	2,014,033	2,116,567	1,988,815	1,897,079	1,573,200	1,469,000	949,700	916,000	468,100	322,900	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	89,210	113,521	130,643	1,056,893	838,635	838,107	833,406	815,996	797,281	744,717	640,677	651,672	654,999	584,576	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	4,280,440	4,031,755	4,061,088	3,843,931	3,537,200	3,354,985	2,989,764	3,209,262	3,107,266	2,881,578	2,221,002	2,102,236	1,875,372	1,913,353	1,713,116	1,409,927	1,402,517	852,779	686,707	804,920	375,479	1,704,189	1,288,100	1,684,100	1,383,900	1,241,000	758,700	758,400	308,500	202,500	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	796,259	224,910	737,830	770,248	66,334	50,206	54,391	43,705	57,672	54,165	32,096	23,797	43,040	261,510	28,674	20,691	19,977	185,395	38,163	201,472	253,923	259,173	190,800	168,079	149,500	208,700	180,000	199,600	82,100	72,400	-	-	-	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Other Assets	0	763,893	737,830	752,048	528,583	487,787	408,707	646,648	560,950	509,922	349,048	391,687	351,844	261,510	211,056	253,793	143,018	200,532	241,332	242,826	264,459	259,346	96,150	74,616	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Other Current Assets	55,023	164,050	115,541	44,973	68,300	49,186	49,616	61,928	60,178	61,445	52,680	51,607	58,350	65,901	52,037	57,566	37,878	56,208	109,021	161,237	282,331	142,692	86,461	55,080	44,400	32,000	15,400	20,800	12,800	6,600	-	-	-	-	-	-	-	-	-
Other Current Liab	279,614	245,587	232,517	55,853	235,100	40,876	15,342	26,361	80,990	56,169	46,406	48,425	33,184	17,173	29,622	49,223	40,635	192,504	168,785	169,568	149,792	377,838	259,959	194,896	-100	-100	47,700	100	39,100	100	-	-	-	-	-	-	-	-	-
Other Liab	0	1,548,599	1,507,713	1,513,899	1,284,318	1,232,725	1,174,135	1,391,578	1,298,813	744,717	640,677	651,672	654,999	584,576	535,062	624,411	503,109	521,451	551,542	571,193	1,883,140	506,727	75,476	59,524	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	1,980,827	1,900,984	1,617,979	1,415,712	1,412,961	1,403,524	1,348,805	1,288,502	1,282,343	1,221,286	818,440	758,516	726,427	723,451	717,299	716,413	792,280	731,508	715,667	717,994	301,455	-69,029	237,116	165,932	160,100	158,500	56,600	56,700	56,600	29,900	-	-	-	-	-	-	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,750	3,750	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	8,299,873	7,843,783	7,317,269	4,952,935	4,700,924	4,521,318	4,358,265	4,214,892	4,059,499	3,758,008	2,690,128	2,435,590	2,213,267	2,117,977	1,964,121	1,839,699	1,770,880	1,491,855	1,409,205	1,379,060	1,362,749	1,253,746	818,367	695,965	681,700	629,300	545,600	519,100	336,900	250,500	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	6,039,801	5,657,480	5,247,232	4,952,935	5,251,400	4,521,318	4,358,265	4,214,892	4,059,499	3,758,008	2,690,128	2,435,590	2,213,267	2,117,977	1,964,121	1,839,699	1,770,880	1,491,855	1,409,205	1,379,060	1,362,749	1,253,746	818,367	695,965	681,700	629,300	545,600	519,100	336,900	250,500	-	-	-	-	-	-	-	-	-
Property Plant Equipment	0	5,657,480	5,247,232	4,952,935	4,700,924	4,521,318	4,358,265	4,214,892	4,059,499	3,758,008	2,690,128	2,435,590	2,213,267	2,117,977	1,964,121	1,839,699	1,770,880	1,491,855	1,409,205	1,379,060	1,362,749	1,253,746	818,367	695,965	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Retained Earnings	811,495	771,414	728,468	670,111	635,246	548,253	458,352	396,919	325,909	264,758	209,091	172,791	128,631	87,984	59,605	34,371	16,603	10,698	16,889	-6,944	-947,274	-818,604	112,307	111,355	94,700	81,100	72,900	66,100	59,200	55,400	-	-	-	-	-	-	-	-	-
Retained Earnings Total Equity	0	771,414	0	670,111	635,246	548,253	458,352	396,919	325,909	264,758	209,091	172,791	128,631	87,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Short Long Term Debt	99,950	144,525	0	100,000	0	0	319,556	300,811	2,026,219	1,959,831	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	2,793,384	2,630,779	2,556,250	2,432,700	2,253,200	2,124,558	2,137,318	2,120,474	2,040,164	1,959,831	1,327,604	1,211,182	1,110,063	1,103,922	1,024,186	900,047	846,368	747,117	742,970	836,946	919,392	1,761,894	1,240,170	1,140,828	833,100	708,100	465,600	458,200	216,900	137,500	-	-	-	-	-	-	-	-	-
Short Term Debt	103,288	147,623	2,875	102,668	2,500	2,298	321,689	302,790	231,711	269,570	142,612	124,546	172,096	7,854	7,320	229,238	21,006	7,693	156,455	73,380	919,392	57,878	404,297	57,263	49,900	31,700	7,800	1,200	4,100	10,400	-	-	-	-	-	-	-	-	-
Short Term Investments	0	0	0	0	0	0	3,556	4,426	6,634	29,662	6,896	6,700	12,716	12,862	13,608	14,727	14,482	15,836	25,238	18,115	27,043	28,081	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	-	-	-	-	-	-	-	-	-
Total Assets	7,600,652	7,317,783	6,780,443	6,389,449	5,910,600	5,644,376	5,420,917	5,499,321	5,278,640	4,973,943	3,715,260	3,485,533	3,210,438	3,037,669	2,795,132	2,762,037	2,547,380	2,395,937	2,400,403	2,413,516	2,444,511	2,672,925	2,617,361	2,898,070	1,956,800	1,736,200	1,106,100	1,113,700	558,700	359,100	-	-	-	-	-	-	-	-	-
Total Current Assets	407,006	538,824	437,795	308,680	301,600	277,685	296,359	280,195	286,660	350,885	320,956	303,128	290,199	303,054	264,827	313,417	278,354	268,474	313,493	347,678	430,478	556,358	628,546	1,000,991	383,600	267,200	156,400	197,700	90,600	36,200	-	-	-	-	-	-	-	-	-
Total Current Liabilities	534,898	620,845	379,642	466,423	334,300	347,009	632,238	613,832	571,200	614,582	463,588	449,265	475,954	303,969	294,992	588,577	321,839	278,936	424,659	328,068	1,136,786	537,495	929,100	890,977	269,000	209,400	144,600	152,800	58,800	39,200	-	-	-	-	-	-	-	-	-
Total Liab	4,815,338	4,652,600	4,440,730	4,310,354	3,871,500	3,701,994	3,622,002	3,823,094	3,678,466	3,496,160	2,684,590	2,551,501	2,351,326	2,217,322	2,008,108	1,998,504	1,724,356	1,653,166	1,662,908	1,704,181	3,030,462	3,118,661	2,033,883	2,177,115	1,291,300	1,061,600	736,000	759,400	399,700	241,800	-	-	-	-	-	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	2,785,314	2,665,183	2,339,713	2,079,095	2,039,100	1,942,382	1,798,915	1,676,227	1,600,174	1,477,783	1,030,670	934,032	859,112	820,347	787,024	763,533	823,024	742,771	737,495	709,335	-585,951	-456,076	400,166	322,951	304,000	285,900	170,400	167,600	159,000	117,300	-	-	-	-	-	-	-	-	-
Treasury Stock	0	-98,392	0	-98,075	-96,015	-95,546	-96,376	-95,769	-93,948	-92,558	-91,744	-90,702	-90,273	-90,427	-90,228	-89,487	-10,781	-9,885	-5,573	0	0	-3,560	-3,681	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	-	-	-	-	-	-	-	-	-

	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	124,340	119,315	94,552	104,800	201,498	148,451	121,197	99,926	115,237	89,737	89,622	80,225	100,388	74,663	69,400	66,507	96,700	66,550	58,885	81,548	87,043	62,019	56,559	54,762	85,160	62,686	55,530	56,446	79,311	57,217	55,470	56,522	74,511	60,235	52,200	56,345	81,961	61,942	63,970	68,697	92,957	63,390	58,287	67,250	83,746	62,238	58,318	52,396	76,735	59,117	53,550	52,052	75,042	53,662	54,462	69,073	92,923	58,511	56,121	66,289	94,685	72,340	69,237	65,989	91,588	57,844	61,369	59,177	78,739	55,576	55,337	59,345	99,419	66,192	53,296	62,858	85,120	72,054	58,162	68,784	67,602	34,713	47,644	101,779	101,779	80,427	99,048	264,844	264,844	269,002	286,052	638,818	638,818	337,768	227,682	109,111	158,000	153,400	102,100	116,100	113,000	43,300	56,300	54,700	89,100	86,700	11,100	42,200	99,400	10,200	9,300	15,600	0	16,300	7,700	10,100	13,100	8,300	8,600	10,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-7,656	-8,021	-7,959	-7,904	-7,848	-7,450	-7,401	-7,357	-7,310	-7,462	-7,415	-7,390	-7,269	-9,219	-9,329	-9,434	-9,648	-9,577	-9,733	-9,759	-9,934	-10,463	-10,508	-10,707	-8,772	-9,633	-9,581	-9,570	-9,714	-10,112	-8,632	-8,677	-8,596	-9,056	-8,734	-8,587	-8,766	1,311	2,371	2,636	2,716	1,849	2,086	2,183	2,317	3,229	3,486	3,631	3,656	4,424	7,989	8,268	8,514	8,868	9,104	9,491	9,725	11,710	11,852	12,008	12,354	12,714	13,092	13,369	13,748	13,666	13,847	13,993	205	11,874	13,681	8,768	4,581	3,453	-2,273	-1,640	-2,070	-6,036	-6,126	-6,092	-6,072	-4,692	-4,560	-4,137	-853,189	3,861	4,569	-949	-350,542	-501	889	946	-284,113	3,950	2,936	3,412	5,000	3,000	3,700	2,500	2,200	-190,300	-184,600	-180,500	5,900	-171,700	-166,200	-166,600	9,800	-162,400	-158,200	5,700	-150,500	6,300	5,100	3,200	2,500	3,900	4,900	9,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	8,799	9,602	10,405	11,151	11,897	12,642	13,388	14,079	14,772	15,463	16,156	16,797	17,439	15,463	16,155	19,319	17,439	20,511	21,108	21,661	19,915	0	0	0	22,213	0	0	0	24,346	0	0	0	26,325	0	0	0	28,162	0	0	0	29,895	0	0	0	31,562	0	0	0	32,918	0	0	0	34,288	34,619	34,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	648	648	635	633	633	613	597	577	576	562	551	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	0	2,015,367	2,002,839	1,999,376	1,900,992	1,820,531	1,719,070	0	1,641,390	1,575,159	1,517,355	1,513,787	1,514,820	1,513,510	1,512,148	1,508,970	1,505,605	1,504,290	1,502,993	1,499,070	1,496,218	1,494,940	1,448,622	1,445,181	1,395,666	1,389,426	1,387,200	1,384,271	1,381,930	1,380,345	1,379,133	1,376,291	1,317,617	1,316,610	1,315,060	1,313,844	926,390	925,578	924,792	910,184	896,242	895,218	868,441	849,218	848,256	843,021	818,554	816,700	816,151	815,519	814,955	813,878	813,464	813,007	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,164	5,091	7,757	10,700	8,489	9,069	8,117	13,645	2,820	8,577	5,942	8,925	5,811	3,512	7,464	56,393	5,100	5,046	4,217	3,959	7,860	6,912	5,569	4,742	8,473	7,868	16,859	12,433	5,079	5,063	8,969	9,027	11,980	10,135	32,868	12,109	20,362	17,731	16,934	19,481	16,557	10,921	7,793	6,884	9,822	18,196	8,105	7,792	5,928	5,994	4,540	7,180	6,234	6,561	6,149	7,128	4,344	6,043	22,963	83,246	11,292	8,575	24,242	33,755	12,773	18,253	16,660,000	1,546	1,930	1,685	3,005	11,961	2,691	20,268	49,674	77,314	17,058	111,170	101,557	96,050	15,183	74,869	106,223	45,569	45,569	75,214	79,717	53,528	53,528	84,496	76,616	91,601	91,601	115,339	77,466	42,874	29,700	38,500	38,900	26,100	30,900	11,200	9,900	17,900	14,300	10,200	26,800	30,800	36,800	1,600	3,400	4,600	4,600	8,900	2,000	3,300	2,600	1,800	2,300	7,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	9,164	5,091	7,757	10,700	8,489	9,069	8,117	13,645	2,820	8,577	5,942	8,925	5,811	3,512	7,464	56,393	5,100	5,046	4,217	3,959	7,860	6,912	5,569	4,742	8,473	7,868	16,859	12,433	5,079	5,063	8,969	9,027	11,980	10,135	32,868	12,109	20,362	17,731	16,934	19,481	16,557	10,921	7,793	6,884	9,822	18,196	8,105	7,792	5,928	5,994	4,540	7,180	6,234	6,561	6,149	7,128	4,344	6,043	22,963	83,246	11,292	8,575	24,242	33,755	12,773	18,253	16,660,000	1,546	1,930	1,685	3,005	11,961	2,691	20,268	49,674	77,314	17,058	111,170	101,557	96,050	15,183	74,869	106,223	45,569	0	75,214	79,717	53,528	0	84,496	76,616	91,601	0	115,339	77,466	42,874	29,700	38,500	38,900	26,100	30,900	11,200	9,900	17,900	14,300	10,200	26,800	30,800	36,800	1,600	3,400	4,600	0	8,900	2,000	3,300	2,600	1,800	2,300	7,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	648	648	635	633	633	613	597	577	576	562	551	542	541	541	541	541	541	540	540	540	539	539	539	531	530	522	521	521	520	520	520	520	518	507	507	507	505	428	428	428	423	421	420	414	408	408	407	399	398	398	398	398	398	398	397	396	395	395	395	395	395	394	393	393	393	372	364	362	360	358	358	358	358	358	357	355	355	65,940	65,940	65,940	65,940	65,940	65,940	65,444	65,444	47,942	47,942	47,942	47,942	41,502	41,443	40,968	40,968	40,456	40,456	40,438	40,400	40,400	40,400	40,400	40,300	31,300	31,200	31,200	31,200	163,800	163,700	31,200	31,200	156,800	31,200	31,200	0	31,100	26,900	26,900	26,900	26,900	26,900	26,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	61,242	60,478	59,850	59,789	59,744	58,230	55,141	54,731	51,892	51,892	51,121	50,864	50,577	50,577	50,639	50,705	50,800	51,595	50,775	50,729	50,729	50,461	49,869	49,484	49,484	48,551	48,581	48,503	48,503	48,490	48,386	48,354	48,370	47,311	47,288	47,195	43,451	39,281	39,137	38,954	38,954	38,646	38,222	37,486	37,486	37,201	36,779	36,500	36,500	36,511	36,258	36,464	36,601	36,196	36,322	36,169	36,169	36,289	35,940	35,934	35,934	38,057	38,973	39,747	39,747	37,853	40,567	37,533	37,533	36,768	35,511	36,250	36,250	36,817	35,607	35,611	35,611	37,397	37,397	37,736	37,397	37,397	37,397	37,397	37,397	27,397	27,397	27,397	27,397	23,715	23,762	26,201	23,433	28,283	23,117	26,115	26,115	23,226	23,108	23,571	23,571	23,000	22,667	17,759	17,759	21,765	17,857	17,636	17,636	16,667	18,571	17,857	17,857	16,250	15,000	15,435	15,435	14,444	14,667	15,385	15,385	15,625	15,333	15,349	15,349	15,333	15,625	15,161	15,161	15,238	14,375	15,000	15,000	15,000	15,000	15,161	15,161	15,000	15,200	15,354	15,354	15,354	15,356	15,356	15,356	15,356	15,356	15,356	15,356	15,356	15,356	15,352	15,352	15,100
Common Stock Total Equity	0	0	635	633	633	613	597	577	0	562	551	542	541	541	541	541	541	540	540	540	539	539	539	531	530	522	521	521	520	520	520	520	518	507	507	507	505	428	428	428	423	421	420	414	408	408	407	399	398	398	398	398	398	398	397	396	395	395,000	395,000	0	395	394	393	393	393	372	364	362	360	358	358	358	358	358	357	355	355	65,940	65,940	65,940	65,940	65,940	65,940	65,444	65,444	47,942	47,942	47,942	47,942	41,502	41,443	40,968	40,968	40,456	40,456	40,438	40,400	40,400	40,400	40,400	40,300	31,300	31,200	31,200	31,200	163,800	163,700	31,200	31,200	156,800	31,200	31,200	31,200	31,100	26,900	26,900	26,900	26,900	26,900	26,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	27,656	315,291	247,287	0	26,137	518,076	518,563	0	29,013	292,535	230,444	270,879	471,777	269,722	211,452	237,947	447,986	243,093	197,293	245,986	394,618	263,142	215,373	251,849	340,729	252,037	200,517	238,676	575,582	241,185	181,119	219,872	501,532	226,024	175,578	219,535	20,843	206,864	167,521	215,513	14,301	209,719	179,194	213,446	37,143	214,136	176,356	215,935	6,522	229,427	202,128	225,485	203,900	220,745	186,832	-69,073	165,127	224,187	-56,121	239,704	685	224,856	0	0	2,987	0	0	0	19	0	0	0	10,520	0	0	0	0	0	0	0	10,536	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	61,200	0	53,400	0	64,800	31,600	0	0	0	46,500	0	63,000	52,100	0	0	0	0	0	18,200	0	15,600	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	546,066	541,321	538,983	518,076	518,563	509,039	690,686	726,015	724,575	480,879	471,777	456,735	462,522	451,970	447,986	470,781	459,998	457,207	394,618	384,043	375,962	366,383	340,729	0	0	0	575,582	0	0	0	501,532	0	0	0	446,600	0	0	0	395,333	0	0	0	363,928	0	0	0	282,406	0	0	0	232,709	194,158	184,009	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	357,586	357,586	357,586	357,600	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,986	357,986	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	0	0	0	435,076	0	0	0	435,076	435,076	435,076	435,076	435,076	375,798	375,798	375,798	375,798	375,798	375,798	400,095	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14	357,986	357,986	0	0	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	357,586	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	355,128	435,076	435,076	435,076	435,076	435,076	435,076	435,076	435,076	435,076	375,798	375,798	375,798	375,798	375,798	375,798	118,144	518,239	1,048,549	660,360	852,811	979,648	994,721	1,007,467	1,016,685	1,033,035	1,030,408	1,017,874	1,028,657	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	114,539	119,080	107,577	92,500	107,359	129,254	99,020	70,609	80,614	84,410	69,946	56,827	61,010	69,055	61,224	53,236	53,900	55,168	51,781	47,555	50,815	52,738	46,698	43,714	52,432	56,527	50,599	42,277	49,206	54,311	49,923	46,633	53,458	58,692	51,062	48,037	55,094	62,966	52,925	38,079	55,609	62,623	47,610	38,848	54,161	59,376	43,012	41,676	59,532	72,047	44,294	26,853	50,701	64,696	42,065	28,136	47,305	62,271	47,350	34,929	70,741	90,896	47,304	29,579	63,586	79,801	57,417	28,911	60,543	75,265	53,597	31,713	40,925	48,027	26,412	22,672	28,033	31,328	27,009	26,528	26,521	35,866	26,733	86,650	86,650	85,791	75,058	106,228	106,228	89,290	86,131	143,870	143,870	136,254	125,158	107,307	104,100	100,300	75,100	70,500	72,800	26,000	30,400	28,100	36,000	25,100	28,000	30,700	50,800	21,500	18,600	21,700	21,700	21,300	13,100	13,300	14,700	14,700	14,000	12,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	7,600,652	7,429,499	7,294,242	7,281,000	7,317,783	7,114,213	6,920,297	6,822,035	6,780,443	6,666,630	6,566,240	6,502,813	6,389,449	6,075,639	5,971,775	5,966,943	5,910,600	5,810,180	5,720,435	5,700,655	5,644,376	5,500,098	5,438,974	5,400,418	5,420,917	5,628,955	5,556,932	5,500,301	5,499,321	5,393,941	5,307,606	5,261,173	5,278,640	5,235,078	5,060,068	4,989,091	4,973,943	3,874,298	3,791,777	3,751,258	3,715,260	3,633,650	3,551,048	3,480,730	3,485,533	3,306,946	3,224,089	3,217,371	3,210,438	3,061,824	3,006,990	3,016,439	3,037,669	2,899,374	2,831,949	2,814,637	2,795,132	2,754,478	2,719,970	2,791,849	2,762,037	2,593,814	2,570,653	2,548,306	2,547,380	2,385,708	2,353,941	2,340,499	2,395,937	2,396,831	2,329,847	2,359,443	2,400,403	2,360,361	2,379,589	2,433,766	2,413,516	2,444,722	2,422,343	2,467,782	2,444,511	2,543,570	2,624,886	2,672,925	2,662,585	4,066,354	4,089,525	2,617,361	2,434,049	2,623,284	2,548,083	2,898,070	2,500,066	2,537,465	2,383,567	2,254,523	1,956,800	1,903,700	1,780,600	1,805,600	1,736,200	1,167,200	1,140,000	1,104,000	1,106,100	1,090,600	1,047,900	1,050,800	1,113,700	558,100	572,300	558,700	558,700	518,000	366,100	363,400	359,100	349,900	353,400	366,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	2,684,635	2,544,522	2,558,192	2,340,588	2,474,357	2,409,002	2,519,996	2,508,867	2,541,478	2,463,088	2,503,347	2,464,121	2,315,261	2,188,901	2,157,740	2,239,406	2,233,281	2,176,057	2,158,991	2,080,462	2,102,345	2,016,091	2,009,827	2,038,231	1,793,416	1,816,850	1,817,117	1,817,469	1,793,338	1,819,378	1,799,087	1,794,242	1,782,128	1,808,925	1,739,389	1,689,825	1,662,099	1,210,697	1,211,141	1,184,578	1,155,097	1,085,406	1,085,824	1,086,225	1,055,074	1,087,046	937,456	937,839	905,049	938,305	938,645	938,960	1,061,780	1,017,764	997,706	982,952	1,016,866	920,162	899,199	916,963	670,809	842,968	781,844	795,053	825,362	709,945	718,617	717,987	739,424	734,940	546,441	536,964	586,515	730,839	732,982	757,354	763,566	0	0	0	0	0	896,805	2,177,581	2,074,266	2,036,039	1,804,097	1,808,280	1,023,373	1,165,615	971,535	1,188,461	1,171,065	1,102,187	1,046,301	1,037,493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	2,558,192	2,340,588	2,474,357	2,409,002	2,519,996	2,508,867	0	2,463,088	2,503,347	2,464,121	2,315,261	2,204,364	2,173,895	2,256,203	2,250,720	2,194,138	2,177,715	2,099,782	2,122,260	0	0	0	1,815,629	0	0	0	1,817,684	0	0	0	1,808,453	0	0	0	1,690,261	0	0	0	1,184,992	0	0	0	1,086,636	0	0	0	937,967	0	0	0	1,096,068	1,052,383	1,032,658	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	18,200	0	0	0	18,200	0	0	0	18,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	2,784,220	2,648,933	2,660,690	2,585,400	2,622,290	2,557,042	2,525,267	2,509,301	2,553,430	2,469,974	2,513,561	2,471,993	2,426,889	2,303,470	2,269,000	2,202,332	2,248,100	2,191,522	2,175,882	2,098,164	2,116,698	2,031,945	2,027,577	2,035,662	2,128,845	2,080,813	2,105,969	2,035,953	2,115,395	2,038,568	2,048,829	1,948,999	2,028,184	2,018,536	1,928,207	1,889,374	1,939,469	1,364,617	1,341,842	1,251,735	1,311,047	1,179,124	1,144,681	1,124,964	1,201,360	1,070,435	1,060,880	1,044,563	1,104,135	1,050,444	1,032,166	1,025,819	1,097,688	1,053,661	1,034,099	983,395	1,019,842	921,429	883,546	855,211	888,755	855,125	778,723	782,334	833,595	704,191	-15,926,796	728,166	745,187	741,064	700,220	681,937	740,279	717,127	749,908	747,705	819,888	798,543	810,827	819,206	904,209	846,021	1,680,987	1,716,325	1,716,325	1,689,661	1,665,538	1,186,642	1,186,642	1,280,864	1,149,728	1,049,227	1,049,227	952,495	964,850	959,596	803,400	826,000	749,200	714,100	677,200	557,500	485,100	430,200	451,300	189,300	476,600	414,700	421,400	231,200	212,700	212,300	212,300	192,100	137,200	132,600	134,900	129,600	124,900	119,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	5,569,899	5,384,836	5,344,766	2,596,100	5,284,065	5,090,798	4,984,516	4,875,848	4,881,191	4,709,621	4,680,662	4,577,956	4,494,356	4,343,451	4,311,296	4,299,882	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	212,257	148,043	147,173	218,700	244,952	149,149	146,041	173,735	198,671	139,328	143,497	162,999	168,229	133,115	125,104	155,911	167,400	126,373	126,025	169,640	162,373	127,930	129,975	170,270	182,282	129,671	123,925	142,552	159,556	116,821	115,833	134,983	154,410	117,454	122,888	148,843	163,479	120,713	130,342	171,150	174,913	129,195	116,526	143,286	143,695	109,463	102,931	131,512	147,151	107,112	106,517	144,725	143,304	98,642	91,985	134,281	143,759	90,458	97,962	142,377	155,672	108,540	116,802	142,280	143,482	102,804	102,814	140,029	149,793	89,212	89,229	134,926	160,856	94,128	90,993	123,378	141,350	90,138	79,632	112,811	106,443	90,753	105,215	281,447	281,447	359,002	379,121	382,329	382,329	388,243	403,020	710,440	710,440	358,162	284,173	188,983	205,400	180,500	129,700	136,600	131,500	43,400	67,800	73,400	90,700	98,600	50,300	53,800	89,300	56,800	65,400	51,500	51,500	21,000	11,700	13,900	12,300	7,800	10,000	13,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Tangible Assets	0	0	2,329,138	2,335,414	2,307,597	2,179,743	2,009,395	2,009,395	1,982,127	1,819,729	1,819,729	1,756,249	1,721,509	1,696,964	1,695,970	1,702,890	1,681,508	1,646,538	1,652,092	1,632,206	1,584,796	1,542,314	1,540,145	1,477,037	1,441,329	1,368,602	1,351,011	1,351,617	1,318,641	1,291,221	1,270,049	1,257,085	1,242,588	1,163,718	1,161,526	1,151,016	1,122,655	726,558	712,025	719,189	675,542	649,154	647,122	620,482	578,904	533,691	546,074	524,574	503,984	483,081	484,053	485,704	465,219	454,907	452,760	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-127,892	-211,160	-116,140	-232,500	-82,021	-145,638	17,640	-10,576	58,153	-20,727	-720	-27,736	-157,743	-212,188	-165,280	-18,013	-32,700	-67,862	-22,792	-59,111	-69,324	-102,491	-67,891	-68,297	-335,879	-348,067	-330,411	-300,418	-333,637	-308,475	-282,685	-267,721	-284,540	-259,077	-197,857	-226,604	-263,697	-172,590	-140,250	-102,287	-142,632	-137,303	-106,402	-110,658	-146,137	-34,592	-161,084	-151,381	-185,755	-157,499	-128,947	-123,731	-915	-45,539	-44,007	-51,050	-30,165	-89,647	-52,939	-22,028	-275,160	-89,970	-60,763	-50,530	-43,485	-47,777	-69,883	-52,684	-10,462	3,222	-129,185	-141,056	-111,166	-9,084	8,432	33,906	19,610	-691,953	-678,470	-681,720	-706,308	-739,205	-1,118,038	18,863	18,863	-505,982	-244,190	-300,554	-300,554	-136,857	-199,149	110,014	110,014	85,460	91,875	120,910	114,600	85,500	87,200	76,200	57,800	15,600	-53,600	7,500	11,800	22,400	8,200	31,600	44,900	8,500	24,400	31,800	31,800	13,000	-4,500	0	-3,000	2,000	3,400	7,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	7,193,646	7,071,145	6,937,036	6,832,700	6,778,959	6,641,410	6,516,968	6,423,186	6,342,648	6,279,352	6,218,508	6,144,102	6,080,769	5,794,311	5,708,189	5,636,641	5,609,000	5,544,358	5,467,441	5,412,524	5,366,691	5,252,876	5,207,054	5,142,384	5,124,558	5,375,242	5,308,915	5,255,649	5,219,126	5,155,602	5,069,615	5,010,697	4,991,980	4,919,242	4,747,903	4,671,148	4,623,058	3,553,818	3,501,120	3,434,341	3,394,304	3,352,989	3,304,967	3,215,352	3,182,405	3,019,822	2,990,482	2,953,515	2,920,239	2,792,810	2,762,914	2,745,407	2,734,615	2,645,596	2,606,853	2,562,214	2,530,305	2,517,066	2,459,596	2,442,698	2,448,620	2,315,560	2,286,130	2,277,169	2,269,026	2,133,302	2,127,037	2,111,613	2,127,463	2,148,314	2,095,743	2,099,309	2,086,910	2,080,801	2,059,046	2,061,934	2,065,838	2,013,495	2,007,266	2,010,832	2,014,033	1,987,997	2,047,786	2,116,567	0	3,378,478	3,422,090	1,988,815	0	1,977,699	1,915,355	1,897,079	0	1,880,922	1,851,754	1,857,926	1,573,200	1,548,000	1,506,200	1,536,800	1,469,000	1,068,300	1,018,800	970,700	949,700	929,500	918,300	908,600	916,000	470,200	478,600	468,100	0	459,700	334,200	327,100	322,900	321,600	323,000	327,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	89,210	345,670	1,029,914	1,025,404	113,521	1,031,365	1,031,529	1,027,723	130,643	416,278	398,134	1,057,531	1,056,893	866,474	852,936	393,155	838,635	394,996	388,913	405,843	838,107	0	0	0	833,406	0	0	0	815,996	0	0	0	797,281	0	0	0	744,717	0	0	0	640,677	0	0	0	651,672	0	0	0	654,999	0	0	0	584,576	543,481	538,291	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,280,440	4,119,571	4,134,172	3,907,300	4,031,755	3,958,443	4,070,088	4,045,629	4,061,088	4,012,092	4,040,473	4,002,531	3,843,931	3,527,573	3,489,353	3,558,152	3,537,200	3,471,972	3,434,571	3,363,621	3,354,985	3,250,485	3,241,432	3,239,464	2,989,764	3,300,987	3,269,907	3,246,028	3,209,262	3,198,320	3,159,295	3,128,305	3,107,266	3,141,319	3,033,392	2,938,400	2,881,578	2,299,542	2,293,717	2,257,737	2,221,002	2,211,404	2,196,315	2,129,084	2,102,236	2,096,411	1,928,196	1,922,432	1,875,372	1,797,102	1,794,786	1,780,844	1,913,353	1,790,022	1,754,958	1,707,371	1,713,116	1,651,785	1,637,696	1,646,160	1,409,927	1,471,361	882,831	884,368	1,402,517	784,370	783,901	774,433	852,779	867,139	671,026	658,079	686,707	794,320	790,276	812,095	804,920	385,715	383,400	379,280	375,479	297,088	526,555	1,704,189	0	2,575,900	2,819,200	1,316,300	0	1,505,300	1,381,500	1,614,400	0	1,653,800	1,633,900	1,668,400	1,369,500	1,337,500	1,297,900	1,318,400	1,233,200	910,100	791,800	803,500	791,200	751,800	726,600	738,800	758,400	283,200	303,200	308,500	0	284,200	206,200	205,300	202,500	205,500	205,400	208,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	796,259	50,007	776,924	-541,321	763,893	232,147	229,129	748,082	737,830	43,296	64,521	75,118	770,248	64,507	65,099	64,605	550,465	64,640	61,059	59,822	487,787	51,097	431,806	419,995	408,707	49,740	47,626	45,918	646,648	43,591	45,389	48,578	574,895	57,397	54,866	56,302	509,922	49,714	61,278	33,881	349,048	28,553	26,969	27,336	391,687	24,565	48,298	46,151	351,844	40,997	40,485	38,129	261,510	215,253	34,660	30,303	211,056	262,413	28,710	21,777	253,793	144,282	132,267	136,962	143,018	180,770	184,980	189,782	200,532	231,028	235,034	435,076	242,629	188,371	179,731	184,884	201,472	243,483	247,587	254,086	275,486	353,899	239,722	259,173	143,507	819,763	872,730	190,800	190,800	176,742	1,007,467	168,079	168,079	167,346	146,071	146,426	149,500	205,300	209,300	254,400	208,700	278,700	236,400	189,500	180,000	183,600	181,000	186,200	199,600	92,500	84,000	82,100	51,900	79,200	78,900	74,300	72,400	77,000	82,500	88,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	0	0	100	763,893	750,223	747,692	748,082	737,830	769,311	789,096	793,261	752,048	575,966	566,586	561,540	528,583	531,823	518,062	513,767	469,587	435,140	431,806	777,581	766,293	1,065,949	1,046,932	1,031,959	1,004,234	993,609	959,885	941,611	932,481	914,726	904,669	889,949	865,050	753,995	753,243	727,696	704,176	779,427	772,608	770,947	746,815	700,649	724,286	722,727	706,972	621,882	621,566	618,153	616,638	570,381	572,921	565,731	566,184	617,541	607,218	603,095	608,921	499,410	487,395	492,090	498,146	535,898	540,108	544,910	635,608	666,104	670,110	685,155	677,705	688,565	677,488	683,466	686,778	638,392	642,634	650,266	651,284	750,444	813,274	867,520	862,821	1,970,746	1,639,414	1,858,121	1,170,448	1,171,463	1,184,583	1,186,143	1,201,114	1,197,754	1,163,945	1,175,083	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	55,023	69,591	78,436	109,900	164,050	136,329	106,506	100,580	115,541	113,507	95,326	99,168	44,973	65,149	60,845	56,012	68,300	70,180	62,729	59,902	49,186	52,461	42,335	33,150	49,616	52,595	51,026	42,538	61,928	55,438	56,678	53,002	60,178	48,546	41,906	43,671	61,445	54,835	63,189	57,527	52,680	39,431	43,878	38,944	51,607	49,585	42,710	40,925	58,350	52,594	53,127	59,444	65,901	61,466	54,960	61,651	52,037	41,975	48,822	64,071	57,566	36,271	96,175	65,523	37,878	51,548	66,673	58,400	56,208	82,355	88,273	81,534	109,021	117,137	153,464	148,468	161,237	198,591	206,879	221,561	282,331	354,085	338,929	142,692	145,111	167,869	133,539	86,461	86,461	83,556	66,961	55,080	55,080	46,788	45,016	57,433	44,400	36,400	30,700	35,600	32,000	18,300	13,100	13,900	15,400	27,200	24,500	26,900	20,800	8,000	6,300	12,800	0	7,100	5,100	5,800	6,600	4,000	4,100	4,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	279,614	31,733	28,444	328,400	245,587	-195,593	-257,053	306,571	232,517	22,912	25,618	32,625	-208,410	46,513	45,445	41,339	-212,886	21,611	17,224	17,367	-136,950	22,297	25,667	17,547	-115,340	15,226	16,670	19,031	-343,851	24,159	25,376	78,019	-236,554	68,908	60,558	57,009	242,208	52,613	51,781	48,356	213,718	40,216	48,352	49,717	203,830	43,757	28,488	32,390	220,601	19,836	19,284	23,187	17,173	17,071	20,219	295,902	29,622	37,051	306,003	43,692	263,969	50,296	254,928	234,642	206,258	229,840	220,831	210,668	192,485	181,910	151,168	184,911	158,265	215,896	192,215	207,403	169,568	141,413	123,001	154,630	139,256	339,175	386,839	377,838	377,838	1,014,345	501,169	259,959	259,959	226,195	203,516	194,896	194,896	180,168	128,741	114,099	-100	71,100	-100	55,100	-100	-100	52,100	51,000	47,700	-100	37,400	100	100	50,100	56,400	39,100	0	18,400	-100	19,600	100	12,900	17,800	20,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liab	0	0	0	1,558,729	1,548,599	1,539,839	1,539,686	1,525,611	1,507,713	1,536,362	1,523,738	1,524,331	1,513,899	1,323,209	1,315,458	1,301,949	1,284,318	1,275,592	1,255,144	1,261,990	1,232,725	1,213,883	1,210,498	846,441	833,406	849,859	837,280	824,541	815,996	803,130	806,384	806,720	797,281	782,160	777,524	751,347	744,717	653,380	657,491	647,320	640,677	728,142	729,336	660,223	651,672	669,514	669,332	663,895	654,999	596,137	600,350	593,397	584,576	543,481	538,291	543,135	535,062	582,551	587,954	595,563	624,411	513,179	510,571	507,843	503,109	528,044	516,774	526,696	521,451	542,809	555,740	549,249	551,542	562,426	570,096	563,180	571,193	1,914,579	1,892,471	1,888,375	1,883,140	1,796,830	536,885	531,149	506,727	529,526	1,001,613	1,046,057	75,476	58,469	63,934	60,375	59,524	63,531	63,560	62,258	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	1,980,827	1,980,432	1,917,065	1,904,368	1,900,984	1,802,414	1,721,766	1,620,084	1,617,979	1,542,966	1,476,581	1,418,625	1,415,712	1,416,578	1,415,072	1,413,504	1,412,955	1,409,513	1,408,112	1,406,733	1,403,524	1,400,584	1,399,172	1,352,750	1,348,805	1,299,204	1,292,737	1,289,960	1,288,502	1,286,078	1,284,080	1,282,787	1,282,343	1,223,586	1,222,485	1,220,417	1,221,286	833,765	832,877	832,036	818,440	804,433	803,337	776,490	758,516	757,426	752,124	728,356	726,427	725,893	725,217	724,582	723,451	723,104	722,867	717,814	717,299	717,481	717,116	716,567	716,413	716,162	794,645	793,473	792,280	748,048	732,291	724,717	731,508	715,533	712,318	714,914	715,667	718,874	716,650	717,710	717,994	301,775	301,668	301,562	301,455	301,348	301,173	-69,029	0	-132,765	237,391	237,116	0	172,954	172,252	165,932	0	160,192	160,192	160,028	160,100	160,100	160,100	159,600	158,500	190,300	184,600	180,500	56,600	175,500	170,000	223,200	56,700	168,700	214,900	56,600	0	55,600	29,900	29,900	29,900	29,900	29,900	29,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,750	3,750	3,750	3,750	3,750	3,750	3,750	3,750	3,750	3,750	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	8,299,873	0	0	0	7,843,783	0	0	0	0	0	5,071,826	4,993,255	4,952,935	4,860,759	4,784,017	4,717,515	4,700,924	4,650,951	4,588,398	4,537,909	4,521,318	4,460,150	4,417,662	4,364,803	4,358,265	4,309,293	4,261,983	4,223,690	4,214,892	4,161,993	4,109,730	4,069,086	4,059,499	4,004,516	3,843,234	3,781,199	3,758,008	2,799,823	2,747,877	2,706,645	2,690,128	2,573,562	2,532,359	2,444,405	2,435,590	2,319,173	2,266,196	2,230,788	2,213,267	2,170,928	2,141,348	2,127,254	2,117,977	2,075,215	2,033,932	1,996,483	1,964,121	1,899,525	1,852,378	1,839,603	1,839,699	1,816,150	1,798,735	1,785,079	1,770,880	1,597,404	1,586,929	1,566,703	1,491,855	1,482,210	1,425,633	1,414,154	1,409,205	1,392,236	1,381,558	1,378,468	1,379,060	1,375,103	1,364,632	1,360,566	1,362,749	1,237,553	1,234,512	1,253,746	1,253,746	1,798,334	1,782,676	818,367	818,367	806,236	730,772	695,965	695,965	683,168	687,809	682,843	681,700	663,000	649,700	637,300	629,300	559,200	554,700	550,300	545,600	531,000	524,600	513,600	519,100	340,900	343,600	336,900	336,900	326,200	255,300	252,800	250,500	244,600	240,500	238,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	6,039,801	5,932,179	5,802,526	6,475,100	5,657,480	5,533,601	5,411,690	5,317,518	5,247,232	5,152,455	5,071,826	4,993,255	4,952,935	4,860,759	4,784,017	4,717,515	5,251,400	4,650,951	4,588,398	4,537,909	4,521,318	4,460,150	4,417,662	4,364,803	4,358,265	4,309,293	4,261,983	4,223,690	4,214,892	4,161,993	4,109,730	4,069,086	4,059,499	4,004,516	3,843,234	3,781,199	3,758,008	2,799,823	2,747,877	2,706,645	2,690,128	2,573,562	2,532,359	2,444,405	2,435,590	2,319,173	2,266,196	2,230,788	2,213,267	2,170,928	2,141,348	2,127,254	2,117,977	2,075,215	2,033,932	1,996,483	1,964,121	1,899,525	1,852,378	1,839,603	1,839,699	1,816,150	1,798,735	1,785,079	1,770,880	1,597,404	1,586,929	1,566,703	1,491,855	1,482,210	1,425,633	1,414,154	1,409,205	1,392,236	1,381,558	1,378,468	1,379,060	1,375,103	1,364,632	1,360,566	1,362,749	1,237,553	1,234,512	1,253,746	0	1,798,334	1,782,676	818,367	0	806,236	730,772	695,965	0	683,168	687,809	682,843	681,700	663,000	649,700	637,300	629,300	559,200	554,700	550,300	545,600	531,000	524,600	513,600	519,100	340,900	343,600	336,900	0	326,200	255,300	252,800	250,500	244,600	240,500	238,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	0	0	5,802,526	5,702,670	5,657,480	5,533,601	5,411,690	5,317,518	5,247,232	5,152,455	5,071,826	4,993,255	4,952,935	4,860,759	4,784,017	4,717,515	4,700,924	4,650,951	4,588,398	4,537,909	4,521,318	4,460,150	4,417,662	4,364,803	4,358,265	4,309,293	4,261,983	4,223,690	4,214,892	4,161,993	4,109,730	4,069,086	4,059,499	4,004,516	3,843,234	3,781,199	3,758,008	2,799,823	2,747,877	2,706,645	2,690,128	2,573,562	2,532,359	2,444,405	2,435,590	2,319,173	2,266,196	2,230,788	2,213,267	2,170,928	2,141,348	2,127,254	2,117,977	2,075,215	2,033,932	1,996,483	1,964,121	1,899,525	1,852,378	1,839,603	1,839,699	1,816,150	1,798,735	1,785,079	1,770,880	1,597,404	1,586,929	1,566,703	1,491,855	1,482,210	1,425,633	1,414,154	1,409,205	1,392,236	1,381,558	1,378,468	1,379,060	1,375,103	1,364,632	1,360,566	1,362,749	1,237,553	1,234,512	1,248,385	1,253,746	1,389,408	1,782,676	1,594,930	818,367	806,236	730,772	706,274	695,965	683,168	687,809	682,843	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	811,495	767,355	776,983	795,903	771,414	741,752	749,558	753,677	728,468	710,467	707,598	702,058	670,111	646,650	647,272	655,865	635,246	604,048	611,159	592,278	548,253	509,240	508,528	492,049	458,352	436,095	424,920	428,292	396,919	372,321	351,667	340,041	325,909	303,809	302,396	293,807	264,758	246,182	231,477	239,217	209,091	197,579	196,407	196,523	172,791	127,756	145,185	147,316	128,631	107,494	105,577	107,584	87,984	77,665	75,520	76,092	59,605	46,048	39,203	45,145	34,371	24,959	23,835	27,193	16,603	11,025	9,977	18,728	10,698	13,823	13,435	26,885	16,889	-7,714	-7,628	4,140	-6,944	-964,660	-935,093	-930,293	-947,274	-919,235	-866,495	-818,604	-818,604	9,650	67,432	112,307	112,307	117,838	116,321	111,355	111,355	104,266	102,432	102,843	94,700	88,700	87,500	88,300	81,100	138,800	138,500	139,800	72,900	-3,800	-3,800	77,300	66,100	-6,300	73,200	59,200	59,200	57,800	58,900	59,200	55,400	54,800	56,700	57,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings Total Equity	0	0	776,983	795,903	771,414	741,752	749,558	753,677	0	710,467	707,598	702,058	670,111	646,650	647,272	655,865	635,246	604,048	611,159	592,278	548,253	509,240	508,528	492,049	458,352	436,095	424,920	428,292	396,919	372,321	351,667	340,041	325,909	303,809	302,396	293,807	264,758	246,182	231,477	239,217	209,091	197,579	196,407	196,523	172,791	127,756	145,185	147,316	128,631	107,494	105,577	107,584	87,984	77,665	75,520	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	99,950	99,900	99,850	247,500	144,525	144,467	0	0	0	0	0	0	100,000	100,000	100,000	0	0	0	1,283	1,413	0	0	2,033,146	2,040,404	2,137,318	2,088,681	2,122,828	230,917	2,120,474	224,253	258,711	0	2,026,219	0	0	0	1,959,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,793,384	2,654,024	2,668,447	2,596,100	2,630,779	2,566,111	2,533,384	2,522,946	2,556,250	2,478,551	2,519,503	2,480,918	2,432,700	2,306,982	2,276,464	2,258,725	2,253,200	2,196,568	2,180,099	2,102,123	2,124,558	2,038,857	2,033,146	2,040,404	2,137,318	2,088,681	2,122,828	2,048,386	2,120,474	2,043,631	2,057,798	1,958,026	2,040,164	2,028,671	1,961,075	1,901,483	1,959,831	1,382,348	1,358,776	1,271,216	1,327,604	1,190,045	1,152,474	1,131,848	1,211,182	1,088,631	1,068,985	1,052,355	1,110,063	1,056,438	1,036,706	1,032,999	1,103,922	1,060,222	1,040,248	990,523	1,024,186	927,472	906,509	938,457	900,047	863,700	802,965	816,089	846,368	722,444	733,204	729,712	747,117	742,749	703,225	693,898	742,970	737,395	799,582	825,019	836,946	909,713	912,384	915,256	919,392	920,890	1,787,210	1,761,894	1,761,894	1,764,875	1,745,255	1,240,170	1,240,170	1,365,360	1,226,344	1,140,828	1,140,828	1,067,834	1,042,316	1,002,470	833,100	864,500	788,100	740,200	708,100	568,700	495,000	448,100	465,600	199,500	503,400	445,500	458,200	232,800	216,100	216,900	216,900	201,000	139,200	135,900	137,500	131,400	127,200	127,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	103,288	103,175	103,063	247,500	147,623	147,507	2,982	2,928	2,875	2,821	2,768	2,718	102,668	102,618	102,569	2,522	2,500	2,430	2,384	2,341	2,298	2,255	2,212	2,173	321,689	271,831	305,711	230,917	302,790	224,253	258,711	163,784	231,711	219,746	221,686	211,658	269,570	171,651	147,635	86,638	142,612	104,639	66,650	45,623	124,546	1,585	131,529	114,516	172,096	118,133	98,061	94,039	7,854	7,839	7,590	7,571	7,320	7,310	7,310	21,494	229,238	20,732	21,121	21,036	21,006	12,499	14,587	11,725	7,693	7,809	156,784	156,934	156,455	6,556	66,600	67,665	73,380	909,713	912,384	915,256	919,392	920,890	1,260,655	57,878	57,878	99,086	311,408	404,297	404,297	287,245	342,309	57,263	57,263	53,147	83,515	52,477	49,900	45,700	31,800	21,400	31,700	8,500	66,400	20,100	7,800	5,600	72,900	5,300	1,200	19,100	3,600	4,100	4,100	10,600	10,600	6,600	10,400	5,100	600	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,181	7,343	6,158	3,556	7,052	5,608	4,852	4,426	6,706	6,588	6,831	6,634	18,639	20,521	24,691	29,662	38,363	15,560	12,619	6,896	8,236	8,068	8,687	6,700	7,985	7,857	9,035	12,716	11,674	14,021	12,596	12,862	11,367	14,812	13,408	13,608	13,542	16,640	14,948	14,727	16,166	19,520	13,904	14,482	13,574	16,660	15,671	15,836	15,792	17,781	26,283	25,238	23,845	24,982	44,900	18,115	22,291	21,199	27,300	27,043	46,673	55,734	45,357	28,081	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	7,600,652	7,429,499	7,294,242	7,281,000	7,317,783	7,114,213	6,920,297	6,822,035	6,780,443	6,666,630	6,566,240	6,502,813	6,389,449	6,075,639	5,971,775	5,966,943	5,910,600	5,810,180	5,720,435	5,700,655	5,644,376	5,500,098	5,438,974	5,400,418	5,420,917	5,628,955	5,556,932	5,500,301	5,499,321	5,393,941	5,307,606	5,261,173	5,278,640	5,235,078	5,060,068	4,989,091	4,973,943	3,874,298	3,791,777	3,751,258	3,715,260	3,633,650	3,551,048	3,480,730	3,485,533	3,306,946	3,224,089	3,217,371	3,210,438	3,061,824	3,006,990	3,016,439	3,037,669	2,899,374	2,831,949	2,814,637	2,795,132	2,754,478	2,719,970	2,791,849	2,762,037	2,593,814	2,570,653	2,548,306	2,547,380	2,385,708	2,353,941	2,340,499	2,395,937	2,396,831	2,329,847	2,359,443	2,400,403	2,360,361	2,379,589	2,433,766	2,413,516	2,444,722	2,422,343	2,467,782	2,444,511	2,543,570	2,624,886	2,672,925	2,672,925	4,066,354	4,089,525	2,617,361	2,617,361	2,623,284	2,548,083	2,898,070	2,898,070	2,537,465	2,383,567	2,254,523	1,956,800	1,903,700	1,780,600	1,805,600	1,736,200	1,167,200	1,140,000	1,104,000	1,106,100	1,090,600	1,047,900	1,050,800	1,113,700	558,100	572,300	558,700	558,700	518,000	366,100	363,400	359,100	349,900	353,400	366,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Assets	407,006	358,354	357,206	448,200	538,824	472,803	403,329	398,849	437,795	387,278	347,732	358,711	308,680	281,328	263,586	330,302	301,600	265,822	252,994	288,131	277,685	247,222	231,920	258,034	296,359	253,713	248,017	244,652	280,195	238,339	237,991	250,476	286,660	315,836	312,165	317,943	350,885	320,480	290,657	316,917	320,956	280,661	246,081	265,378	303,128	287,124	233,607	263,856	290,199	269,014	244,076	271,032	303,054	253,778	225,096	252,423	264,827	237,412	260,374	349,151	313,417	278,254	284,523	271,137	278,354	252,406	226,904	228,886	268,474	248,517	234,104	260,134	313,493	279,560	320,543	371,832	347,678	431,227	415,077	456,950	430,478	555,573	577,100	556,358	556,358	687,876	667,435	628,546	628,546	645,585	632,728	1,000,991	1,000,991	656,543	531,813	396,597	383,600	355,700	274,400	268,800	267,200	98,900	121,200	133,300	156,400	161,100	129,600	142,200	197,700	87,900	93,700	90,600	90,600	58,300	31,900	36,300	36,200	28,300	30,400	39,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	534,898	569,514	473,346	680,700	620,845	618,441	385,689	409,425	379,642	408,005	348,452	386,447	466,423	493,516	428,866	348,315	334,300	333,684	275,786	347,242	347,009	349,713	299,811	326,331	632,238	601,780	578,428	545,070	613,832	546,814	520,676	518,197	571,200	574,913	510,022	544,547	614,582	493,070	430,907	419,204	463,588	417,964	352,483	376,036	449,265	321,716	394,691	415,237	475,954	426,513	373,023	394,763	303,969	299,317	269,103	303,473	294,992	327,059	313,313	371,179	588,577	368,224	345,286	321,667	321,839	300,183	296,787	281,570	278,936	245,295	363,289	401,190	424,659	288,644	312,111	337,926	328,068	1,123,180	1,093,547	1,138,670	1,136,786	1,294,778	1,695,138	537,495	537,495	1,193,858	911,625	929,100	929,100	782,442	831,877	890,977	890,977	571,083	439,938	275,687	269,000	270,200	187,200	192,600	209,400	83,300	174,800	125,800	144,600	138,700	121,400	110,600	152,800	79,400	69,300	58,800	58,800	45,300	36,400	36,300	39,200	26,300	27,000	31,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	4,815,338	4,689,085	4,607,518	4,588,000	4,652,600	4,576,884	4,455,777	4,455,054	4,440,730	4,420,097	4,388,925	4,388,978	4,310,354	4,021,089	3,918,219	3,906,467	3,871,500	3,805,656	3,710,357	3,710,863	3,701,994	3,600,198	3,541,243	3,565,795	3,622,002	3,902,767	3,848,335	3,791,098	3,823,094	3,745,134	3,679,971	3,646,502	3,678,466	3,716,232	3,543,414	3,482,947	3,496,160	2,792,612	2,724,624	2,676,941	2,684,590	2,629,368	2,548,798	2,505,120	2,551,501	2,418,127	2,322,887	2,337,669	2,351,326	2,223,615	2,167,809	2,175,607	2,217,322	2,089,339	2,024,061	2,010,844	2,008,108	1,978,844	1,951,009	2,017,339	1,998,504	1,839,585	1,738,688	1,713,878	1,724,356	1,612,597	1,597,462	1,582,699	1,653,166	1,655,243	1,590,055	1,608,518	1,662,908	1,645,390	1,672,483	1,713,201	1,704,181	3,047,703	2,995,954	3,036,665	3,030,462	3,100,209	3,128,828	3,118,661	3,118,661	3,757,083	3,717,335	2,033,883	2,033,883	2,053,189	1,921,590	2,177,115	2,177,115	1,799,640	1,613,900	1,437,961	1,291,300	1,236,300	1,098,700	1,113,700	1,061,600	772,200	732,800	683,000	736,000	667,200	680,600	689,300	759,400	395,000	404,900	399,700	399,700	362,100	242,700	241,600	241,800	231,800	232,300	239,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	2,785,314	2,740,414	2,686,724	2,693,000	2,665,183	2,537,329	2,464,520	2,366,981	2,339,713	2,246,533	2,177,315	2,113,835	2,079,095	2,054,550	2,053,556	2,060,476	2,039,100	2,004,524	2,010,078	1,989,792	1,942,382	1,899,900	1,897,731	1,834,623	1,798,915	1,726,188	1,708,597	1,709,203	1,676,227	1,648,807	1,627,635	1,614,671	1,600,174	1,518,846	1,516,654	1,506,144	1,477,783	1,081,686	1,067,153	1,074,317	1,030,670	1,004,282	1,002,250	975,610	934,032	888,819	901,202	879,702	859,112	838,209	839,181	840,832	820,347	810,035	807,888	803,793	787,024	775,634	768,961	774,510	763,533	754,229	831,965	834,428	823,024	773,111	756,479	757,800	742,771	741,588	739,792	750,925	737,495	714,971	707,106	720,565	709,335	-602,981	-573,611	-568,883	-585,951	-556,639	-503,942	-456,076	0	298,938	361,084	400,166	400,166	335,543	334,655	322,951	322,951	312,614	309,766	310,471	304,000	296,000	295,500	294,600	285,900	173,900	173,500	174,800	170,400	167,600	167,500	168,900	167,600	163,100	167,400	159,000	0	155,900	123,400	121,800	117,300	118,100	121,100	126,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury Stock	0	0	-98,302	-98,471	-98,392	-98,578	-98,765	-98,986	0	-98,424	-98,578	-98,730	-98,075	-98,242	-98,438	-98,644	-96,015	-96,092	-96,178	-96,260	-95,546	-95,634	-95,768	-95,872	-96,376	-96,462	-96,689	-97,240	-95,769	-95,852	-96,265	-96,346	-93,948	-94,031	-94,125	-94,643	-92,558	-92,625	-92,701	-92,756	-91,744	-91,809	-91,881	-91,951	-90,702	-90,830	-90,897	-90,198	-90,273	-90,258	-90,302	-90,373	-90,427	-90,360	-90,140	-90,203	-90,228	-90,050	-89,554	-89,536	-89,487	-89,349	-10,781	-10,781	-10,781	-10,485	-9,891	-9,886	-9,885	-9,681	-9,303	-6,676	-5,573	-2,585	-1,593	-81	0	0	0	0	0	0	0	-3,559	-3,560	-3,451	-3,500	-3,542	-3,681	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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
Begin Period Cash Flow	22,463	18,762	17,096	12,070	15,300	12,029	5,079	11,980	20,362	16,557	9,822	5,928	6,234	4,344	11,292	12,773	1,930	2,691	58,012	103,829	26,554	34,789	91,601	29,677	30,900	14,300	36,800	4,600	2,600	3,100
Capital Expenditures	566,889	515,140	434,328	405,762	316,000	283,966	276,438	287,901	283,705	270,384	230,454	219,234	188,730	228,373	189,360	124,563	117,084	101,046	80,877	17,723	70,737	115,939	40,868	32,097	32,600	22,600	39,100	59,700	40,200	22,700
Cash And Cash Equivalents Changes	0	3,701	0	5,026	-3,241	3,282	3,394	-6,901	-8,382	3,805	6,735	3,894	-306	1,890	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-15,030	0	10,787	-26,200	-4,224	4,083	-3,499	5,134	-3,273	-47,657	-77,012	-30,737	2,485	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	2,724	3,701	1,666	5,026	-3,200	3,282	3,394	-6,901	-8,382	3,805	6,735	3,894	-306	1,890	-6,948	-1,481	10,843	-761	-57,321	-86,771	-11,371	10,780	-38,073	61,924	-1,200	16,600	-22,500	32,200	2,000	-500
Change In Working Capital	85,022	-58,894	-154,315	22,662	-71,200	15,488	-21,836	-30,556	11,385	14,778	-66,387	20,758	-25,889	4,096	-94,064	-1,610	35,690	12,879	13,979	-39,334	-73,381	-24,945	168,348	1,997	-6,900	-7,500	3,400	11,200	-2,500	-1,200
Change Receivables	0	-46,282	0	-824	-5,032	19,909	-22,726	-5,146	9,069	12,622	-30,792	3,456	-3,847	455	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	32,695	-46,282	-30,442	-824	-5,032	19,909	-22,726	-5,146	9,069	12,622	-30,792	3,456	-3,847	455	11,913	-12,150	6,311	10,196	0	-14,819	-14,636	41,991	332,545	0	0	0	0	0	0	0
Change To Inventory	-7,180	-26,744	-19,604	-7,085	-3,110	1,617	-3,226	4,252	1,636	747	181	5,371	-8,831	-3,396	23,436	-7,155	-3,096	-19,618	-3,776	3,830	-614	5,931	37,907	-41,451	-34,700	24,700	8,300	-4,400	-300	-1,400
Change To Liabilities	0	41,517	7,494	1,922	-24,372	-22,703	15,846	30,583	-27,017	-48	15,939	26,177	2,538	18,828	0	0	0	12,092	18,970	30,893	22,140	0	0	251,318	0	0	0	0	0	0
Change To Netincome	0	-24,247	-5,264	12,490	-19,609	15,950	791	-60,686	55,085	-4,471	49,231	88,751	81,152	31,403	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-36,405	-111,763	14,528	-61,195	-2,233	-369	-35,509	11,849	10,974	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	210,790	5,321	187,420	179,681	5,857	4,645	4,794	2,117	2,258	5,033	112,831	106,044	100,926	91,769	89,039	85,071	82,415	75,305	0	70,252	70,252	98,567	0	0	0	0	0	0	0	0
Dividends Paid	154,050	140,062	128,483	120,350	115,100	109,202	101,270	95,765	90,058	65,019	57,684	54,246	51,909	48,997	48,186	49,833	47,286	44,091	35,634	0	0	38,081	29,956	26,312	24,400	19,100	16,900	16,300	14,500	12,900
End Period Cash Flow	25,187	22,463	18,762	17,096	12,100	15,311	8,473	5,079	11,980	20,362	16,557	9,822	5,928	6,234	4,344	11,292	12,773	1,930	691	17,058	15,183	45,569	53,528	91,601	29,700	30,900	14,300	36,800	4,600	2,600
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
Free Cash Flow	-77,658	-207,898	-214,350	-53,613	-19,300	98,019	47,170	1,111	56,113	-20,345	-36,738	31,959	45,027	-9,453	-72,556	73,763	84,880	68,855	69,633	-27,488	-164,597	-81,896	86,133	44,628	39,100	47,300	23,600	1,200	-4,800	3,600
Investments	-540,580	-516,859	-1,505	-42	-135	-2,500	-276,059	-286,547	-2,500	-921,742	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	171,284	277,574	196,953	0	1,432	47,045	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	75,806	149,960	180,422	129,885	-11,647	2,363	86,960	69,927	627,341	110,274	101,112	6,214	72,828	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	194,131	183,008	186,840	155,215	202,100	196,960	162,703	164,172	151,209	120,686	93,983	98,406	92,556	77,376	73,420	67,601	53,191	37,900	59,467	-6,944	-113,725	-863,942	44,532	50,599	44,700	27,300	23,700	23,400	18,200	15,400
Other Cashflows From Financing Activities	-4,327	152,806	-909	246,031	150,300	-11,647	-16,382	-8,432	219,952	627,431	110,423	105,057	-1,131	-8,020	652,833	-1,550	-1,734	-18,956	78	-84,619	87,277	982,603	-115,972	190,599	157,300	119,100	-3,100	-35,100	76,100	10,200
Other Cashflows From Investing Activities	0	0	0	0	-135	-18,433	379	1,354	-100,351	-936,565	-64,900	-102,979	209	-12,303	326	200	1,842	29,524	7,907	25,454	75,669	35,959	7,053	0	0	0	0	0	0	0
Other Non Cash Items	-12,472	181,311	-5,842	-1,984	165,800	170,398	160,021	154,732	135,998	-1,521	-3,011	-52,371	90,679	-6,564	-2,113	-641	-508	13,923	36,318	-3,976	-71,935	30,600	-37,350	33,622	43,400	48,600	31,200	20,500	17,200	10,600
Sale Purchase Of Stock	300,000	277,574	250,915	-1,391	1,432	47,045	268,745	-561	-664	-814	-1,042	-429	246,934	-185	-741	-78,706	-896	-4,312	-5,573	0	-9,720	-4,028	0	0	0	0	-20,400	0	0	0
Stock Based Compensation	5,176	5,488	5,350	4,149	8,007	7,683	5,563	6,731	5,082	120,675	1,683	26,466	-88,580	3,460	3,508	5,318	-3,818	3,183	0	-25,825	84,595	758,120	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	84,305	213,318	217,521	58,681	16,200	-73,804	-44,155	-9,366	35,856	960,715	108,373	74,914	-45,542	23,646	65,282	-75,444	65,378	-102,012	-135,282	-84,619	77,557	631,039	25,783	164,308	134,600	356,400	-40,400	140,400	127,500	-2,700
Total Cash From Operating Activities	489,231	307,242	219,978	352,149	296,700	381,985	323,608	289,012	339,818	250,039	193,716	251,193	233,757	218,920	116,804	198,326	201,964	169,901	150,510	-9,765	-93,860	34,043	127,001	76,725	71,700	69,900	62,700	60,900	35,400	26,300
Total Cashflows From Investing Activities	0	-516,859	-435,833	-405,804	-316,151	-304,899	-276,059	-286,547	-384,056	-1,206,949	-295,354	-322,213	-188,521	-240,676	0	0	0	0	0	0	4,932	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
Begin Period Cash Flow	21,640	24,020	27,102	22,463	28,725	26,080	30,898	18,762	24,219	19,598	21,890	17,096	14,009	16,413	65,143	12,070	14,101	12,459	11,034	15,311	14,093	12,912	10,900	12,029	7,868	16,859	12,433	5,079	5,063	8,969	9,027	11,980	10,135	32,868	12,109	20,362	17,731	16,934	19,481	16,557	10,921	7,793	6,884	9,822	18,196	8,105	7,792	5,928	5,994	4,540	7,180	6,234	6,561	6,149	7,128	4,344	6,043	22,963	83,246	11,292	8,575	24,242	33,755	12,773	4,679	13,211	1,546	1,930	1,685	3,005	11,961	2,691	20,268	49,674	77,314	17,058	111,170	101,557	96,050	15,183	28,196	50,489	96,714	75,214	75,214	79,717	120,518	84,496	84,496	76,616	71,273	115,339	115,339	77,466	42,874	29,677	38,500	38,900	26,100	30,900	11,200	9,900	17,900	14,300	10,200	26,800	30,800	36,800	1,600	3,400	5,100	8,900	8,900	2,000	3,300	2,600	1,800	2,300	7,900	3,100
Capital Expenditures	159,719	143,808	126,758	136,604	128,801	151,901	118,936	115,502	123,168	128,966	104,340	77,854	122,775	106,505	98,111	78,371	73,142	95,847	81,450	65,577	90,561	76,949	64,451	52,005	79,453	77,862	67,604	51,519	83,903	82,752	69,928	51,318	80,381	72,154	74,632	56,538	84,299	74,065	60,343	51,677	76,503	65,402	50,435	38,114	61,375	60,047	50,705	47,107	64,246	52,627	34,277	37,580	50,226	61,914	58,437	57,796	73,505	68,869	28,477	18,509	43,547	37,929	29,130	13,957	39,179	25,297	32,138	20,470	25,647	30,064	24,161	21,174	27,284	21,976	18,217	13,400	16,565	23,643	16,896	13,633	18,044	20,867	15,268	75,359	75,359	18,831	11,317	2,191	2,191	16,873	10,611	10,482	10,482	6,456	9,286	5,873	13,100	7,300	5,700	6,500	11,500	3,400	2,300	5,400	20,000	9,500	5,400	4,200	36,700	5,200	7,500	82,300	0	111,800	5,700	5,000	8,900	6,100	4,500	3,200
Cash And Cash Equivalents Changes	0	0	-3,082	4,639	-6,262	2,645	-4,818	12,136	0	82,308	84,046	4,794	-188,078	73,755	66,276	53,073	-2,031	1,642	1,425	-4,277	1,218	1,181	2,012	-1,129	605	-8,991	4,426	7,354	16	-3,906	-58	-2,953	1,845	-22,733	20,759	-8,253	2,631	797	-2,547	2,924	5,636	3,128	909	-2,938	-8,374	10,091	313	1,864	-66	1,454	-2,640	946	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,672	55,395	1,929	-32,037	-8,217	23,295	0	0	0	-56,332	-726	0	0	11,513	160	-9,758	-4,670	-11,932	6,626	-14,259	-11,552	14,961	10,001	-8,857	-12,724	15,663	-3,933	-13	-5,047	5,494	-4,882	-8,497	1,356	17,157	45,025	-3,888	-8,842	-35,568	-21,224	-4,306	-7,180	-14,947	-64,365	-2,097	-8,385	-2,165	-32,117	1,701	-1,194	873	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,547	-2,380	-3,082	4,639	-6,262	2,645	-4,818	12,136	-5,457	4,621	-2,292	4,794	3,087	-2,404	-48,730	53,073	-2,031	1,642	1,425	-4,277	1,218	1,181	2,012	-1,129	605	-8,991	4,426	7,354	16	-3,906	-58	-2,953	1,845	-22,733	20,759	-8,253	2,631	797	-2,547	2,924	5,636	3,128	909	-2,938	-8,374	10,091	313	1,864	-66	1,454	-2,640	946	-327	412	-979	2,784	-1,699	-16,920	-60,283	71,954	2,717	-15,667	-9,513	20,982	8,094	-8,532	-2,039	-384	245	-1,320	-8,956	9,270	-19,577	-29,406	-27,640	60,256	-94,112	9,613	5,507	80,867	-13,013	-22,293	-46,225	-29,645	-29,645	-4,503	-40,801	-30,968	-30,968	7,880	5,343	-23,738	-23,738	37,873	34,592	13,197	-8,800	-400	12,800	-4,800	19,700	1,300	-8,000	3,600	4,100	-16,600	-4,000	-6,000	35,200	-1,800	-1,700	-4,300	-4,300	6,900	-1,300	700	800	-500	-5,600	4,800
Change In Working Capital	-89,846	57,752	9,699	107,417	-119,413	10,139	-42,919	93,299	-91,698	28,872	-47,264	-44,225	-63,190	33,129	-5,979	58,702	-65,499	43,669	-39,212	-10,116	-57,667	25,180	-17,592	65,567	-69,483	41,035	-44,262	50,874	-53,172	45,362	-79,534	56,788	-54,658	48,403	-13,172	30,812	16,359	22,554	-32,388	8,253	-46,208	-10,179	-28,025	18,025	-38,166	37,129	-19,280	41,075	-68,629	62	-1,219	43,897	-30,705	8,689	-6,868	37,655	-80,148	-5,908	-12,878	4,870	-39,419	19,110	-624	19,323	-17,503	-3,168	5,439	50,922	-4,550	-9,919	-2,062	29,410	-22,878	-10,025	-11,161	58,043	-137,410	7,993	24,484	65,599	-5,433	-8,610	-27,193	-2,961	524,845	16,671	19,526	44,000	-163,697	44,574	83,082	-62,601	24,554	41,037	37,849	-14,288	-1,000	-9,600	15,500	-11,800	-2,200	-7,300	6,300	-4,300	12,100	-15,900	12,500	-5,300	7,200	-5,700	1,700	100	18,800	-3,300	-2,100	2,800	500	-3,700	-1,200	3,200
Change Receivables	0	0	71,571	26,208	-95,804	-3,107	27,693	24,936	0	0	0	5,230	-12,318	0	0	11,494	-41,032	-348	43,615	-7,267	-34,443	2,045	40,295	12,012	-52,611	-5,746	18,627	17,004	-42,735	-988	19,150	19,427	-36,956	5,434	25,955	14,636	-42,766	10,817	40,808	3,763	-45,292	-12,669	26,760	409	-34,232	-6,532	28,581	15,639	-40,039	-595	38,208	-1,421	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-64,215	-869	71,571	26,208	-95,804	-3,107	27,693	24,936	-59,343	4,169	19,502	5,230	-35,114	-8,011	30,807	11,494	-41,032	-348	43,615	-7,267	-34,443	2,045	40,295	12,012	-52,611	-5,746	18,627	17,004	-42,735	-988	19,150	19,427	-36,956	5,434	25,955	14,636	-42,766	10,817	40,808	3,763	-45,292	-12,669	26,760	409	-34,232	-6,532	28,581	15,639	-40,039	-595	38,208	-1,421	-44,662	-6,657	42,296	9,478	-53,301	7,504	44,415	13,295	-47,177	35,027	26,780	1,202	6,311	46,989	46,979	9,764	10,196	70,777	70,760	25,930	0	47,222	50,371	17,972	-14,819	16,305	26,811	-6,368	-14,636	1,054	12,790	41,991	41,991	52,919	0	-93,665	332,545	322,572	307,988	180,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	4,541	-11,503	-15,032	14,814	21,895	-30,234	-28,410	10,005	3,796	-14,464	-13,119	4,183	8,045	-7,831	-7,988	689	1,243	-3,387	-4,226	3,260	1,923	-6,040	-2,984	8,718	4,095	-5,928	-8,322	6,929	5,105	-4,388	-3,290	6,825	5,234	-7,630	-3,025	7,057	8,104	-10,041	-14,846	17,530	8,643	-15,013	-8,762	15,313	5,215	-16,364	-1,336	17,856	12,515	-27,753	-17,441	23,848	13,995	-22,631	-13,929	19,169	14,966	-14,921	-12,421	35,812	20,155	-43,592	-17,725	34,007	16,162	-22,384	-28,506	31,632	14,722	-21,668	-21,884	9,212	16,218	-21,615	-3,740	5,361	8,637	-4,319	-481	-7	9,345	-9,133	-9,401	-5,281	-5,281	-10,521	-5,401	-16,895	-16,895	-3,166	7,802	-12,568	-12,568	-10,829	-16,606	-1,448	-27,900	-17,600	-2,900	13,700	14,600	4,500	-2,400	8,000	-11,500	3,400	1,900	14,500	-6,600	-3,100	3,700	-2,300	-2,300	400	300	1,300	0	-600	-1,400	600
Change To Liabilities	0	0	-87,189	12,378	-41,476	72,011	-25,084	36,066	19,966	2,570	1,549	25,922	-24,825	3,138	-940	26,747	-32,691	52,775	-73,788	29,332	-45,707	46,804	-51,471	27,671	-26,290	63,010	-39,482	18,608	-11,694	51,968	-37,704	28,013	-27,878	50,746	-41,007	-8,878	7,473	24,834	-52,933	20,578	7,514	29,945	-37,478	15,958	3,023	46,853	-34,238	10,539	-21,313	26,157	-16,889	14,583	18,298	9,737	0	4,226	0	0	0	0	0	30,333	0	0	0	0	0	0	12,092	0	0	0	18,970	21,245	0	14,123	30,893	17,046	0	33,659	22,140	16,681	0	9,123	0	0	0	12,362	0	0	0	0	251,318	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	0	0
Change To Netincome	0	0	6,553	-12,223	-587	-7,710	-8,029	-7,921	-9,140	4,596	805	-24,753	1,907	-4,821	-444	10,583	15,522	3,965	-17,580	-21,516	565	-2,177	11,321	6,241	1,897	1,138	-1,586	-658	-541	-12,873	-50,726	3,454	18,648	13,856	13,283	9,298	-37,713	-3,591	8,337	28,496	18,788	-227	2,707	27,963	33,820	32,875	2,566	19,490	45,640	7,343	2,260	25,909	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	110,588	-59,977	18,293	-56,511	61,790	-56,117	36,597	-55,196	-37,047	-56,345	45,833	-27,858	52,898	-37,831	41,663	-54,964	-10,063	-40,432	24,416	-52,659	66,442	501	45,906	-50,585	15,663	-33,301	-13	-5,047	0	11,849	0	0	0	10,974	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,030	52,152	52,378	1,349	5,321	48,588	48,212	48,905	5,250	53,703	46,811	1,303	4,911	44,260	44,778	1,167	4,648	43,166	41,004	1,157	4,645	43,515	43,537	1,171	4,794	41,535	41,180	1,201	2,117	38,694	41,007	979	2,258	35,752	35,728	287	-25,285	30,452	30,369	30,318	28,146	28,053	27,414	29,218	26,680	26,505	26,426	26,433	25,364	25,181	25,066	25,315	23,072	22,825	22,997	22,875	18,809	22,962	23,486	23,782	21,463	21,292	0	21,091	82,415	0	0	19,894	75,305	0	0	18,829	0	0	0	0	70,252	0	0	18,176	70,252	0	0	98,567	0	0	0	20,535	0	4,289	549	14,901	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	39,002	38,963	38,044	38,041	37,082	35,174	33,905	33,901	33,335	32,327	31,697	31,124	30,090	30,088	30,087	30,085	28,784	28,781	28,781	28,781	27,479	27,470	27,308	26,945	25,637	25,237	25,202	25,194	23,949	23,951	23,943	23,922	22,913	22,385	22,384	22,376	18,593	15,486	15,486	15,454	14,581	14,476	14,457	14,170	13,662	13,657	13,569	13,358	12,979	12,978	12,977	12,975	12,269	12,234	12,263	12,231	12,052	12,055	12,040	12,039	11,856	12,255	12,861	12,861	12,860	12,129	11,185	11,112	11,048	11,010	11,004	11,029	11,041	24,593	15,671	7,834	0	0	0	0	0	0	0	11,875	11,875	8,714	8,746	8,743	8,743	7,105	7,095	6,925	6,925	6,463	6,463	6,461	6,400	6,000	6,000	6,000	6,000	4,300	4,400	4,400	4,400	4,200	4,100	4,200	4,100	4,100	4,000	3,700	3,700	4,200	3,300	3,300	3,300	3,200	3,200	3,200
End Period Cash Flow	25,187	21,640	24,020	27,102	22,463	28,725	26,080	30,898	18,762	24,219	19,598	21,890	17,096	14,009	16,413	65,143	12,070	14,101	12,459	11,034	15,311	14,093	12,912	10,900	8,473	7,868	16,859	12,433	5,079	5,063	8,969	9,027	11,980	10,135	32,868	12,109	20,362	17,731	16,934	19,481	16,557	10,921	7,793	6,884	9,822	18,196	8,105	7,792	5,928	5,994	4,540	7,180	6,234	6,561	6,149	7,128	4,344	6,043	22,963	83,246	11,292	8,575	24,242	33,755	12,773	4,679	-493	1,546	1,930	1,685	3,005	11,961	691	20,268	49,674	77,314	17,058	111,170	101,557	96,050	15,183	28,196	50,489	45,569	45,569	75,214	79,717	53,528	53,528	84,496	76,616	91,601	91,601	115,339	77,466	42,874	29,700	38,500	38,900	26,100	30,900	11,200	9,900	17,900	14,300	10,200	26,800	30,800	36,800	1,600	3,400	4,600	4,600	8,900	2,000	3,300	2,600	1,800	2,300	7,900
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-97,410	-10,951	-46,392	77,096	-130,829	-75,524	-81,709	80,164	-124,800	-11,876	-65,419	-12,255	-93,141	-3,209	-37,054	79,791	-30,283	13,401	-48,261	45,847	-54,994	22,342	9,648	121,023	-56,396	44,885	-46,575	105,256	-52,879	34,242	-71,070	90,818	-45,040	41,985	-11,095	70,263	-39,226	6,339	-48,016	60,558	-54,125	-23,875	-32,504	73,766	-32,810	17,514	-25,563	72,818	-40,994	-5,582	7,103	84,500	-19,616	-6,062	-32,249	48,474	-86,012	-25,089	-8,076	46,621	-21,970	14,166	17,569	63,998	-11,086	12,337	10	83,619	3,944	8,989	-2,638	58,560	-12,203	-10,368	11,648	80,556	-186,255	13,152	8,253	84,348	-5,861	-37,077	-88,113	-99,054	-99,054	-15,709	67,097	4,686	4,686	9,537	72,442	-44,962	-44,962	49,771	25,984	13,835	10,100	-8,600	14,800	22,800	23,200	-1,400	9,200	16,300	10,900	-8,900	8,000	13,600	-2,500	-7,700	-700	95,800	95,800	-108,900	400	7,900	1,900	-7,100	-1,100	9,900
Investments	-159,838	-145,186	-2,426	-136,600	-129,606	-151,901	-347	-567	-850	-9	-646	-77,854	-42	-106,510	-98,148	-78,371	-135	-95,847	-81,450	-65,577	-2,500	-2,500	-2,500	0	0	0	0	0	0	0	0	0	-146,668	0	0	0	-921,742	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,069	62,811	0	0	97,671	80,000	0	0	75,528	65,082	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	74,000	-33,000	63,806	33,000	12,000	-33,000	78,000	-15,955	39,000	48,473	174,563	32,000	19,000	5,859	56,959	16,801	78,265	-22,140	86,000	6,009	-6,875	-96,781	33,592	-33,934	74,617	-71,912	76,676	-16,299	94,695	-68,112	11,972	67,590	49,400	-59,035	573,469	49,071	60,883	-56,082	130,341	37,946	20,973	-78,986	122,827	19,837	16,199	-57,751	53,923	19,970	2,955	-70,634	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	83,142	29,335	19,124	62,500	66,744	27,368	29,786	59,110	51,336	35,196	37,237	63,071	53,551	29,466	21,494	50,704	59,982	21,670	47,662	72,806	66,492	28,182	43,787	58,499	47,894	36,412	21,830	56,567	45,944	44,605	35,569	38,054	45,013	23,798	30,973	51,425	37,169	30,191	7,746	45,580	26,093	15,647	14,341	37,902	58,697	-3,772	11,438	32,043	34,116	14,895	10,970	32,575	22,588	14,379	11,691	28,718	25,609	18,900	6,098	22,813	21,268	13,379	9,503	23,451	18,438	13,177	2,434	19,142	7,923	11,398	-2,446	21,025	35,644	8,836	-3,931	18,918	10,442	-29,567	-4,800	16,981	-28,040	-52,740	-50,337	-808,941	-808,941	-41,317	15,804	5,091	5,091	10,272	10,780	15,665	15,665	10,993	7,702	16,239	19,100	7,200	5,200	13,200	10,300	4,000	2,700	10,300	8,300	3,000	2,600	9,800	7,400	700	2,700	4,900	4,900	3,200	3,000	7,100	3,900	1,300	2,200	8,000
Other Cashflows From Financing Activities	139,009	-13,899	89,780	218,541	141,783	54,343	23,240	-560	178,000	197,796	95,470	148,173	252,318	62,898	18,448	3,367	-41	-199	100,467	657	-1,444,556	9	276,633	579,349	-16,226	2,434	147,810	-874	13,302	-1,259	20,724	-151	11,973	-436	-10,596	-1,092	573,479	49,094	60,900	-56,042	150,259	75,892	41,946	-38,114	-33	-156	53,202	-53,956	-15	-75	2,958	165,989	-1	150,377	-6,523	-45,690	138,387	36,993	-8,471	485,361	-31	-17,635	-14,247	-30,158	318,041	-10	7,360	-227	8,654	-1,128	9,372	-11,718	2,086	-75,704	-19,439	-12,390	-74,664	-3,593	-2,147	-4,215	-2,250	-6,407	10,630	-21,337	-21,337	33,471	-40,038	-108,087	-47,062	19,194	-29,964	66,134	-7,113	-26	24,720	99,771	40,200	70,000	31,500	15,600	41,200	145,300	39,000	-26,200	21,800	-2,200	-2,900	-19,800	142,800	16,100	2,900	15,000	-900	122,900	3,300	-1,500	6,100	4,200	-500	400
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-37	0	-135	0	0	0	-1	85	-18,517	0	379	379	303	76	2	1,215	86	51	1,010	-110,102	3,855	4,886	-898,973	-39,194	53	1,549	-68,787	3,140	747	0	-103,241	113	69	80	209	209	209	0	69	69	0	0	326	326	326	320	200	86	29	3	1,842	1,466	592	109	29,524	31,544	31,531	24,564	7,907	5,370	16	5	25,454	99	96	695	75,669	8,634	7,375	580	35,959	21,754	9,800	0	7,053	0	0	0	0	0	0	0	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	-3,939	-3,357	-2,810	49,546	41,021	-1,307	-2,261	-1,847	32,774	-1,953	-1,243	44,933	39,375	-952	-219	44,377	38,013	-635	-189	44,451	38,825	-51	249	43,152	36,444	-607	-123	40,391	37,342	-2,525	52	39,183	34,054	-1,858	-1,989	34,024	-1,984	30,697	31,254	459	271	-1,281	-831	-1,170	-49,060	-44,961	10,537	31,113	33,199	14,487	43,254	-261	-1,967	-3,042	-6,761	39,897	2,529	-636	-113	-385	-209	11,890	27,974	1,031	10,182	22,319	23,248	-68	20,438	29,660	26,188	16,125	-18,396	9,647	41,459	3,608	-11,656	58,361	5,149	36	-21,615	36,539	1,714	18,642	18,642	38,668	41,447	-1,727	0	-21,579	-10,505	18,192	0	3,025	-9,671	22,076	8,300	4,000	3,100	28,000	23,200	6,000	3,100	16,300	5,800	13,400	-1,600	13,600	13,100	2,500	2,400	7,300	6,400	1,900	5,100	2,900	6,400	100	2,400	1,800
Sale Purchase Of Stock	0	14,000	10,802	0	97,671	80,000	99,903	0	0	-115,000	0	-300	1,101	0	-2,076	-2,492	114,000	93,000	202	797	3,061,112	623,556	45,064	1,574	268,745	5,295	1,283	-872	166	887	174	-1,788	165	179	983	-1,991	67	76	55	-1,012	65	72	70	-1,249	122,505	20,031	-36,965	75	53,941	23,005	70	55	-58	0	426,000	246,602	-178	0	0	0	-138	0	0	0	-296	-594	-5	-1	-204	-378	-2,627	-1,103	-2,988	14,677	-17,181	-81	0	0	0	1	1	0	0	-278	-278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,200	0	0	-17,700	0	0	-2,700	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	57	251	1,560	3,308	1,164	322	1,245	2,757	-500	1,312	1,315	3,223	-1,198	1,152	1,153	3,042	3,229	1,181	1,179	2,418	2,748	1,197	1,242	2,496	565	1,172	1,494	2,332	2,257	1,113	1,119	2,242	1,807	944	1,085	1,246	57,963	0	0	765	618	521	-125	669	187	68,064	-10,851	-30,934	-33,553	-13,333	-42,652	958	52	1,919	1,925	-39,802	0	0	0	0	4,718	0	0	1,790	-82,415	0	0	2,514	-75,305	0	0	-18,829	0	0	0	0	-97,972	0	0	-1,895	-4,916	0	0	626,383	0	0	0	45,622	0	-4,289	-549	-14,901	0	0	0	0	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	101,076	9,949	45,736	-72,500	125,372	78,169	77,238	-67,461	120,193	16,506	63,773	17,049	96,228	810	-11,639	-26,718	28,387	-11,759	49,686	-50,124	58,713	-21,246	10,881	-122,152	57,001	-53,876	50,698	-97,978	52,893	-39,363	70,926	-93,822	45,875	45,384	27,999	-83,402	940,830	33,652	45,416	-59,183	128,548	23,863	32,666	-76,704	109,293	10,848	25,807	-71,034	40,928	7,036	-9,952	-83,554	31,661	6,405	31,270	-45,690	84,313	8,169	-52,213	25,013	24,573	-29,890	-27,108	-43,019	119,814	-8,532	-2,039	-43,865	-4,551	-12,865	-11,787	-72,809	-17,401	-60,956	-36,620	-20,305	-74,664	-3,593	-2,147	-4,215	-2,249	-6,407	10,630	46,481	46,481	24,757	-48,784	54,871	54,871	12,089	-37,052	59,026	59,026	-6,467	18,094	93,655	33,800	64,000	26,100	10,700	250,000	61,700	34,500	10,200	-300	-6,400	-7,000	-26,700	138,700	12,000	-1,100	13,600	13,600	118,700	-3,300	-4,800	2,800	1,000	-3,700	-2,800
Total Cash From Operating Activities	62,309	132,857	80,366	213,700	-2,028	76,377	37,227	195,666	-1,632	117,090	38,921	65,599	29,634	103,296	61,057	158,162	42,859	109,248	33,189	111,424	35,567	99,291	74,099	173,028	23,057	122,747	21,029	156,775	31,024	116,994	-1,142	142,136	35,341	114,139	63,537	126,801	45,073	80,404	12,327	112,235	22,378	41,527	17,931	111,880	28,565	77,561	25,142	119,925	23,252	47,045	41,380	122,080	30,610	55,852	26,188	106,270	-12,507	43,780	20,401	65,130	21,577	52,095	46,699	77,955	28,093	37,634	32,148	104,089	29,591	39,053	21,523	79,734	15,081	11,608	29,865	93,956	-169,690	36,795	25,149	97,981	12,183	-16,210	-72,845	-23,695	-23,695	3,122	78,414	6,877	6,877	26,410	83,053	-34,480	-34,480	56,227	35,270	19,708	23,200	-1,300	20,500	29,300	34,700	2,000	11,500	21,700	30,900	600	13,400	17,800	34,200	-2,500	6,800	13,500	13,500	2,900	6,100	12,900	10,800	-1,000	3,400	13,100
Total Cashflows From Investing Activities	0	0	-129,184	-136,604	-129,606	-151,901	-119,283	-116,069	-124,018	-128,975	-104,986	-77,854	-327,433	-106,510	-98,148	-78,371	-73,277	-95,847	-81,450	-65,577	-93,062	-76,864	-82,968	-52,005	-79,453	-77,862	-67,301	-51,443	-83,901	-81,537	-69,842	-51,267	-79,371	-182,256	-70,777	-51,652	-983,272	-113,259	-60,290	-50,128	-145,290	-62,262	-49,688	-38,114	-146,232	-78,318	-50,636	-47,027	-64,246	-52,627	-34,068	-37,580	-240,676	0	-116,233	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,345	0	0	0	0	0	0	0	0	4,932	27,879	27,555	0	0	0	0	0	0	0	0	0	0	0	0	0	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	640,786	492,000	425,548	306,190	318,000	272,883	410,349	400,973	372,864	482,591	479,546	395,434	494,559	531,089	573,686	698,740	668,405	1,227,164	1,283,510	1,071,334	1,101,178	1,095,409	3,380,188	6,295,675	2,467,800	681,400	681,900	165,900	92,400	61,000	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	210,474	214,400	195,719	184,497	173,300	174,476	166,137	159,336	144,702	123,776	112,831	106,044	100,926	91,769	89,039	85,071	82,415	81,017	81,513	12,646	84,187	127,985	125,765	108,329	58,500	36,500	19,600	9,700	11,600	9,800	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Ebit	316,287	263,100	275,681	236,204	276,900	270,238	268,334	251,495	273,399	188,216	178,770	205,596	165,549	162,617	153,985	170,216	140,093	101,299	127,552	40,113	87,950	-624,252	-92,073	32,291	79,500	73,900	59,000	50,400	38,300	30,200	153,300	119,200	122,900	114,200	116,000	115,500	108,100	117,400	126,000
Ebitda	526,761	477,500	471,400	420,701	450,200	444,714	434,471	410,831	418,101	311,992	291,601	311,640	266,475	254,386	243,024	255,287	222,508	182,316	209,065	52,759	172,137	-496,267	33,692	140,620	138,000	110,400	78,600	60,100	49,900	40,000	153,300	119,200	122,900	114,200	116,000	115,500	108,100	117,400	126,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	198	19,840	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	781,357	985,800	946,768	892,480	939,900	919,126	895,303	856,274	841,435	722,272	674,973	674,908	622,757	579,631	568,224	562,053	531,655	-94,511	-117,760	-865,382	-73,741	896,100	857,567	836,415	536,500	505,700	236,100	178,100	112,600	96,200	153,300	119,200	122,900	114,200	116,000	115,500	108,100	117,400	126,000
Income Before Tax	201,670	182,400	190,259	144,245	182,200	178,250	176,071	156,525	181,246	110,414	108,284	116,495	102,621	103,136	88,724	107,822	85,579	63,413	100,057	-11,450	-86,575	-749,638	-2,848	46,482	59,200	40,500	34,800	38,800	28,300	23,300	-	-	-	-	-	-	-	-	-
Income Tax Expense	7,539	-600	3,419	-10,970	-19,900	-18,710	13,368	-7,647	30,037	-10,272	14,301	18,089	10,065	25,760	15,304	40,221	32,388	25,931	38,510	-4,930	-48	-798	-47,380	-4,117	14,500	13,200	11,100	15,400	10,100	7,900	-15,200	-13,700	-14,800	-17,500	-16,100	-13,900	-13,700	-13,700	-13,300
Interest Expense	114,617	100,100	93,674	96,812	95,100	91,988	92,263	94,970	92,153	77,802	70,486	65,062	66,859	65,826	67,760	63,952	56,942	56,016	61,295	147,626	147,626	129,536	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	95,068	91,988	92,263	94,970	92,153	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Net Income	194,131	183,008	186,840	155,215	202,100	196,960	162,703	164,172	151,209	120,686	93,983	98,406	92,556	77,376	73,420	67,601	53,191	37,900	59,467	-6,944	-128,670	-863,942	44,532	49,553	44,700	27,300	23,700	23,400	18,200	15,400	15,200	13,700	14,800	17,500	16,100	13,900	13,700	13,700	13,300
Net Income Applicable To Common Shares	0	183,008	186,800	155,215	202,120	196,960	162,703	164,172	151,209	120,686	93,983	98,406	92,556	77,376	73,420	67,601	53,191	37,482	61,547	542,369	0	0	37,514	43,807	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	194,131	183,008	186,840	155,215	202,120	196,960	162,703	164,172	151,209	120,686	93,983	98,406	92,556	77,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Net Interest Income	-114,617	-100,110	-93,674	-96,812	-95,068	-91,988	-92,263	-94,970	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	19,434	0	4,853	413	3,966	6,919	5,548	7,583	10,198	7,737	4,372	3,931	6,345	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Operating Income	300,455	263,100	275,681	236,204	276,900	266,272	261,415	245,947	265,816	178,018	171,033	177,185	165,549	162,617	153,985	170,216	140,093	110,364	144,452	19,842	81,973	-629,634	-84,050	41,272	79,500	73,900	59,000	50,400	38,300	30,200	153,300	119,200	122,900	114,200	116,000	115,500	108,100	117,400	126,000
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	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1,121,688	1,214,700	1,096,635	962,466	981,000	925,737	1,044,237	1,011,300	948,483	1,026,845	983,486	869,118	951,767	948,103	987,925	1,090,577	1,059,967	1,022,289	1,021,298	186,110	945,464	2,621,143	4,321,805	7,090,818	2,924,800	1,113,200	859,000	293,600	166,700	127,000	-	-	-	-	-	-	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	210,474	195,020	187,467	179,644	172,923	174,476	166,137	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	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	24	0	0	29	0	0	0	0	0	0	0	0	0	0	0	0	0	0	203,758	8,280	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Selling General Administrative	117,360	113,776	101,873	297,115	318,229	307,119	305,137	302,893	297,475	305,886	285,569	269,966	267,160	237,047	245,618	226,164	221,566	240,215	225,514	239,716	315,538	771,626	790,936	686,814	388,700	230,800	0	0	0	0	-	-	-	-	-	-	-	-	-
Tax Provision	7,539	-605	3,419	-10,970	-19,925	-18,710	13,368	-7,647	30,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Total Operating Expenses	480,902	722,700	671,087	656,276	663,000	652,854	633,888	610,327	575,619	544,254	503,940	473,684	457,208	417,014	414,239	391,837	391,562	1,022,289	1,021,298	186,110	945,464	1,525,734	941,617	795,143	457,000	431,800	177,100	127,700	74,300	66,000	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	15,832	-80,700	-85,422	-91,959	-94,700	3,966	6,919	5,548	7,583	10,198	7,737	-19,667	3,931	6,345	2,499	1,558	2,428	9,065	16,900	-20,271	-5,977	-5,382	8,023	8,981	9,800	6,100	11,600	9,700	3,000	2,600	-	-	-	-	-	-	-	-	-
Total Revenue	1,422,143	1,477,800	1,372,316	1,198,670	1,257,900	1,192,009	1,305,652	1,257,247	1,214,299	1,204,863	1,154,519	1,070,342	1,117,316	1,110,720	1,141,910	1,260,793	1,200,060	1,132,653	1,165,750	205,952	1,027,437	1,991,509	4,237,755	7,132,090	3,004,300	1,187,100	918,000	344,000	205,000	157,200	153,300	119,200	122,900	114,200	116,000	115,500	108,100	117,400	126,000

	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	154,832	142,183	67,578	165,500	153,017	108,920	95,001	135,073	114,411	98,659	67,965	144,513	85,837	68,038	61,043	91,272	82,300	64,227	55,744	115,735	72,369	72,247	32,190	96,077	109,025	97,507	84,000	119,817	107,690	96,156	81,693	115,434	107,369	73,577	79,527	112,391	108,097	94,592	112,474	167,428	136,139	104,298	106,913	132,196	67,550	93,061	96,427	138,396	124,036	98,045	110,407	162,071	140,404	105,922	111,936	172,827	153,653	105,183	106,840	208,010	189,799	130,503	298,708,000	458,168	-136,050	278,042	282,510	438,556	-140,536	221,828	235,452	439,344	-109,761	235,646	262,368	265,241	353,174	272,314	129,628	413,802	105,926	242,172	129,298	303,282	303,282	260,696	261,740	596,109	596,109	722,225	803,523	2,308,383	2,308,383	1,390,953	1,399,715	1,162,751	1,242,000	530,600	398,600	296,500	201,200	142,200	132,600	205,500	214,300	136,200	120,700	210,800	54,800	26,500	31,000	29,800	29,800	16,400	13,800	21,000	14,100	10,200	12,400	24,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	52,687	52,159	52,380	57,900	56,958	52,745	51,125	53,626	46,571	47,112	46,809	46,975	45,308	44,289	44,782	45,265	43,157	43,166	41,016	45,584	43,599	43,581	43,541	43,755	41,656	41,525	41,495	41,461	39,785	39,763	39,898	39,890	37,463	35,693	35,727	35,819	32,637	30,452	30,369	30,318	28,146	28,053	27,414	29,218	26,680	26,505	26,426	26,433	25,364	25,181	25,066	25,315	23,072	22,825	22,997	22,875	18,809	22,962	22,260	23,782	21,463	17,726	23,003	22,879	13,903	22,761	23,281	22,470	20,932	20,875	19,467	19,743	19,032	22,159	20,799	19,523	-50,681	20,851	21,271	21,205	31,384	17,948	7,473	35,991	0	32,105	32,265	34,465	0	29,384	32,751	31,000	0	28,731	28,441	20,157	17,400	15,700	13,400	11,900	21,100	4,400	5,800	5,100	4,200	4,900	4,900	5,600	200	3,100	2,600	3,600	0	2,600	2,500	2,600	2,500	2,500	2,200	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	106,069	59,757	49,682	96,000	83,228	48,294	52,341	79,216	74,309	60,990	62,075	86,559	72,322	50,440	45,063	73,232	84,143	45,947	48,947	98,169	66,910	49,859	70,086	83,383	73,536	62,336	45,818	86,644	65,528	55,995	64,937	65,035	74,486	52,230	62,127	84,556	56,052	30,548	28,077	73,539	50,939	34,518	33,588	59,725	93,395	28,448	28,720	55,033	49,332	31,878	26,244	58,095	50,228	30,784	25,163	57,195	52,357	26,967	27,469	50,463	51,286	38,886	31,682	51,427	53,026	32,329	17,864	43,975	25,289	33,887	5,204	36,919	41,256	16,904	22,200	47,192	15,994	-6,431	6,515	32,279	16,604	28,133	9,921	-754,086	-813,380	44,567	51,313	-45,304	-25,042	-28,335	-12,504	3,360	3,547	2,751	-8,271	35,999	16,200	9,600	11,600	42,100	37,400	3,500	3,400	29,200	22,500	4,000	4,400	28,000	15,500	4,500	6,500	12,000	7,600	6,800	6,600	12,900	7,600	3,800	4,800	14,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	158,756	111,916	102,062	153,900	140,186	101,039	103,466	132,842	120,880	108,102	108,884	133,534	117,630	94,729	89,845	118,497	127,300	89,113	89,963	143,753	110,509	93,440	113,627	127,138	115,192	103,861	87,313	128,105	105,313	95,758	104,835	104,925	111,949	87,923	97,854	120,375	88,689	61,000	58,446	103,857	79,085	62,571	61,002	88,943	120,075	54,953	55,146	81,466	74,696	57,059	51,310	83,410	73,300	53,609	48,160	80,070	71,166	49,929	49,729	74,245	72,749	56,612	54,685	74,306	66,929	55,090	41,145	66,445	46,221	54,762	24,671	56,662	60,288	39,063	42,999	66,715	-34,687	14,420	27,786	53,484	47,988	46,081	17,394	-718,095	-718,095	76,672	83,578	-10,839	-10,839	1,049	20,247	34,360	34,360	31,482	20,170	56,156	33,600	25,300	25,000	54,000	58,500	7,900	9,200	34,300	26,700	8,900	9,300	33,600	15,700	7,600	9,100	15,600	15,600	9,400	9,100	15,500	10,100	6,300	7,000	16,700	38,600	29,800	33,800	51,100	34,500	22,000	25,700	37,000	32,100	23,300	25,000	42,500	27,700	22,700	24,600	39,200	28,300	23,300	24,400	40,000	27,300	23,800	23,400	41,000	26,100	22,200	24,500	35,200	28,000	21,800	25,000	42,600	34,000	22,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	198	0	0	0	36,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	201,177	178,907	222,924	289,000	272,266	226,148	228,003	259,409	232,930	227,296	230,252	256,290	227,608	212,572	208,317	243,983	245,800	210,609	214,975	268,485	236,447	207,627	229,627	245,425	235,523	212,426	199,859	247,495	222,900	204,842	211,427	217,105	217,620	199,162	191,033	233,620	204,850	157,320	157,807	202,295	182,951	157,950	153,248	180,824	213,223	142,805	148,176	170,704	159,173	145,996	141,399	176,189	151,266	134,896	132,123	161,346	148,755	127,703	128,873	162,893	136,269	141,741	-298,431,494	-72,193	444,074	-12,179	-22,902	-71,991	444,884	12,809	-3,266	-77,862	451,908	3,477	-12,981	335,093	-965,734	-23,392	103,333	-74,192	161,871	-6,784	106,231	183,162	183,162	248,604	253,912	201,310	201,310	189,836	228,063	241,475	241,475	222,620	196,684	168,193	-96,200	222,700	197,300	212,800	322,100	53,300	51,400	78,700	68,800	48,800	44,700	73,600	85,600	23,200	25,700	38,900	38,900	29,100	26,400	29,800	23,700	20,000	21,300	31,200	38,600	29,800	33,800	51,100	34,500	22,000	25,700	37,000	32,100	23,300	25,000	42,500	27,700	22,700	24,600	39,200	28,300	23,300	24,400	40,000	27,300	23,800	23,400	41,000	26,100	22,200	24,500	35,200	28,000	21,800	25,000	42,600	34,000	22,000
Income Before Tax	76,596	31,032	21,271	72,700	63,842	27,119	31,221	60,221	50,901	37,707	38,602	63,049	47,808	26,763	20,776	48,898	60,100	22,225	25,436	74,379	43,124	27,824	46,889	60,413	51,230	39,187	22,410	63,244	42,537	34,946	38,516	40,526	50,434	30,187	39,184	61,441	36,137	11,754	8,950	53,573	31,429	17,462	16,447	42,946	74,797	-12,360	14,003	40,055	34,884	15,530	10,454	41,753	30,318	19,108	12,812	40,898	33,036	10,103	9,665	35,920	34,730	20,909	15,512	36,671	30,500	19,514	4,055	31,511	14,198	19,316	-3,124	33,023	45,661	12,710	9,622	32,064	16,353	-25,245	-14,479	11,921	-19,584	-31,333	-44,334	-813,380	-813,380	11,816	23,356	-25,042	-25,042	2,393	13,422	3,547	3,547	12,727	6,607	21,050	19,500	10,400	8,500	20,700	17,900	4,500	3,200	14,800	12,100	4,600	3,200	14,900	14,200	800	3,900	7,600	7,600	5,000	4,800	10,900	6,200	1,800	3,100	12,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	-6,546	1,697	2,147	10,200	-2,902	-249	1,435	1,111	-435	2,511	1,365	-22	-5,743	-2,703	-718	-1,806	100	555	-22,226	1,573	-23,368	-358	3,102	1,914	3,336	2,775	580	6,677	-3,407	-9,659	2,947	2,472	5,421	6,389	8,211	10,016	-1,032	-18,437	1,204	7,993	5,336	1,815	2,106	5,044	16,100	-8,588	2,565	8,012	768	635	-516	9,178	7,730	4,729	1,121	12,180	7,427	-8,797	3,567	13,107	13,462	7,530	6,009	13,220	12,062	6,337	1,621	12,369	6,275	7,918	-310	12,048	18,180	3,411	3,249	13,670	-4,564	-95	-133	-138	1,097	-1,646	464	-5,071	-5,071	-2,804	2,466	-30,133	-30,133	-7,879	2,642	-12,118	-12,118	1,734	-1,095	4,811	400	3,200	3,400	7,500	7,600	600	500	4,500	3,800	1,500	700	5,100	6,800	200	1,200	2,700	2,700	1,900	1,800	3,800	2,300	500	900	4,200	-3,800	-2,500	-2,300	-6,600	-4,200	-2,300	-2,500	-4,700	-3,300	-3,300	-2,400	-5,800	-3,500	-5,200	-4,000	-4,800	-2,600	-2,800	-3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	29,473	28,725	28,411	28,000	27,029	25,332	24,033	23,716	23,408	23,283	23,473	23,510	24,514	23,677	24,287	24,334	24,100	23,722	23,511	23,790	23,786	22,035	23,197	22,970	22,306	23,149	23,408	23,400	22,991	21,049	26,421	24,509	24,052	22,043	22,943	23,115	19,915	18,794	19,127	19,966	19,510	17,056	17,141	16,779	15,464	17,743	15,893	15,962	16,122	16,694	16,896	17,147	16,413	16,306	16,057	17,050	17,357	17,267	18,002	15,134	16,474	15,629	15,848,000	16,080	56,942	14,633	14,527	13,220	56,016	13,777	14,622	14,436	61,295	14,924	15,758	16,342	147,626	21,551	22,129	21,775	147,626	44,854	39,584	129,536	22,678	34,715	31,063	21,686	15,446	22,494	21,236	22,523	23,706	19,197	19,431	18,174	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,287	24,334	24,045	23,722	23,511	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,550	1,550	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	83,142	29,335	19,124	62,530	66,744	27,368	29,786	59,110	51,336	35,196	37,237	63,071	53,551	29,466	21,494	50,704	60,000	21,670	47,662	72,806	66,492	28,182	43,787	58,499	47,894	36,412	21,830	56,567	45,944	44,605	35,569	38,054	45,013	23,798	30,973	51,425	37,169	30,191	7,746	45,580	26,093	15,647	14,341	37,902	58,697	-3,772	11,438	32,043	34,116	14,895	10,970	32,575	22,588	14,379	11,691	28,718	25,609	18,900	6,098	22,813	21,268	13,379	9,503	23,451	18,438	13,177	2,434	19,142	7,923	11,398	-2,446	21,025	35,644	8,836	-3,931	18,918	10,442	-29,567	-4,800	16,981	-42,985	-52,740	-57,809	-808,941	-808,941	-41,317	15,804	5,091	5,091	10,272	10,780	15,665	15,665	9,947	7,702	16,239	19,100	7,200	5,100	13,200	10,300	3,900	2,700	10,300	8,300	3,100	2,500	9,800	7,400	600	2,700	4,900	4,900	3,100	3,000	7,100	3,900	1,300	2,200	8,000	3,800	2,500	2,300	6,600	4,200	2,300	2,500	4,700	3,300	3,300	2,400	5,800	3,500	5,200	4,000	4,800	2,600	2,800	3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	0	0	19,124	62,530	66,744	27,368	29,800	59,110	51,296	35,196	37,237	63,071	53,551	29,466	21,494	50,704	59,982	21,670	47,662	72,806	66,492	28,182	43,787	58,499	47,894	36,412	21,830	56,567	45,944	44,605	35,569	38,054	45,013	23,798	30,973	51,425	37,169	30,191	7,746	45,580	26,093	15,647	14,341	37,902	58,697	-3,772	11,438	32,043	34,116	14,895	10,970	32,575	22,588	14,379	11,691	28,718	25,609	18,900	6,098	22,813	21,268	13,379	9,503	23,451	18,438	13,177	2,434	19,142	7,923	11,398	-20,975	20,975	27,481	9,299	6,373	18,394	569,806	0	-12,059	12,059	0	0	0	0	0	0	0	0	3,809	12,372	11,129	11,495	13,967	9,295	6,004	14,541	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	83,142	29,335	19,124	62,530	66,744	27,368	29,786	59,110	51,336	35,196	37,237	63,071	53,551	29,466	21,494	50,704	59,982	21,670	47,662	72,806	66,492	28,182	43,787	58,499	47,894	36,412	21,830	56,567	45,944	44,605	35,569	38,054	45,013	23,798	30,973	51,425	37,169	30,191	7,746	45,580	26,093	15,647	14,341	37,902	58,697	-3,772	11,438	32,043	34,116	14,895	10,970	32,575	0	14,379	11,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-29,473	-28,725	-28,411	-28,000	-27,029	-25,332	-24,033	-23,716	-23,408	-23,283	-23,473	-23,510	-24,514	-23,677	-24,287	-24,334	-24,045	-23,722	-23,511	-23,790	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,062	4,737	7,643	4,157	2,913	4,721	0	5,326	3,032	5,574	5,826	785	224	-1,982	-451	-409	124	1,149	2,168	2,051	876	-1,129	2,506	790	2,123	1,500	1,372	-121	1,195	3,102	2,154	3,769	995	665	5,468	-439	2,980	2,189	977	3,117	928	2,715	1,238	974	1,176	984	1,674	346	1,106	805	0	2,315	1,853	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	103,163	55,630	45,620	96,000	83,228	48,294	52,341	79,216	79,989	55,664	59,043	80,985	66,496	49,655	44,839	75,214	84,700	46,356	48,823	97,020	64,742	47,808	69,210	84,512	71,030	61,546	43,695	85,144	64,156	56,116	63,742	61,933	72,332	48,461	61,132	83,891	50,584	30,987	25,097	71,350	49,962	31,401	32,660	57,010	89,023	4,409	28,720	55,033	49,332	31,878	26,244	58,095	45,307	33,099	27,016	57,195	49,086	26,967	27,469	50,463	51,286	35,320	31,521	52,089	44,280	33,238	18,223	44,353	26,334	33,490	8,351	42,189	50,594	22,269	23,790	47,799	-15,005	-5,151	7,018	32,980	16,778	20,827	1,342	-758,647	-758,647	45,549	48,816	-41,411	-41,411	-27,058	-10,829	3,360	3,360	2,751	-8,271	35,989	16,200	9,600	11,600	42,100	37,400	3,500	3,400	29,200	22,500	4,000	4,400	28,000	15,500	4,500	6,500	12,000	12,000	6,800	6,600	12,900	7,600	3,800	4,800	14,200	38,600	29,800	33,800	51,100	34,500	22,000	25,700	37,000	32,100	23,300	25,000	42,500	27,700	22,700	24,600	39,200	28,300	23,300	24,400	40,000	27,300	23,800	23,400	41,000	26,100	22,200	24,500	35,200	28,000	21,800	25,000	42,600	34,000	22,000
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	252,846	265,460	244,882	358,500	342,055	286,774	270,663	315,266	267,352	270,291	239,174	319,818	246,949	230,955	224,521	260,041	243,400	228,480	221,896	287,200	244,074	232,066	192,607	256,990	273,518	248,387	240,164	282,168	266,434	244,882	229,378	270,606	252,657	224,278	209,428	262,120	262,363	220,925	245,184	298,373	269,128	230,847	227,501	256,010	191,750	207,418	215,883	254,067	233,877	212,163	225,562	280,165	246,363	207,719	217,043	276,978	253,322	205,919	208,244	320,440	274,782	236,924	244,985	333,886	263,744	232,625	241,385	322,212	278,014	201,147	223,835	319,293	291,553	216,854	225,597	287,294	597,555	254,073	225,943	306,630	251,019	214,561	234,187	1,245,091	1,245,091	463,751	466,836	838,830	838,830	939,119	1,042,415	2,546,498	2,546,498	1,610,822	1,604,670	1,294,955	1,129,600	743,700	584,300	467,200	485,900	192,000	180,600	255,000	260,600	181,000	161,000	256,400	124,900	45,200	50,200	56,700	56,700	38,700	33,600	37,900	30,200	26,400	28,900	41,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	52,687	52,159	52,380	53,248	49,315	48,588	48,212	48,905	46,571	47,112	46,809	46,975	45,308	44,289	44,782	45,265	43,157	43,166	41,016	45,584	43,599	43,581	43,541	43,755	41,656	41,525	41,495	41,461	39,785	39,763	39,898	39,890	37,463	35,693	35,727	35,819	32,637	30,452	30,369	30,318	28,146	28,053	27,414	29,218	26,680	26,505	26,426	26,433	25,364	25,181	25,066	25,315	23,072	22,825	22,997	22,875	18,809	22,962	23,486	23,782	21,463	17,726	23,003	22,879	13,903	22,761	23,281	22,470	20,932	20,875	19,467	19,743	19,032	22,159	20,799	19,523	-50,681	20,851	21,271	21,205	31,384	17,948	7,473	35,991	0	32,105	32,265	34,465	0	29,384	32,751	31,000	0	28,731	28,441	20,157	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	534	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	48	59,790	0	0	0	0	0	0	0	224,042	0	0	0	238,929	0	0	0	221,966	0	0	0	226,394	0	0	0	220,730	0	0	0	222,139	0	0	0	214,557	0	0	0	208,741	0	0	0	195,725	0	0	0	203,254	0	0	0	0	0	424	0	0	0	0	0	177,348	0	53,812,134	0	173,611	0	0	0	182,384	0	0	0	172,778	0	0	0	0	10,507	7,760	6,845	235,106	174	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	23,302	29,355	29,955	34,748	86,556	28,146	27,220	31,644	101,873	80,948	77,113	80,852	297,115	73,322	71,715	79,005	318,229	76,998	80,826	81,092	307,119	73,787	73,834	74,345	305,137	70,244	75,188	80,962	302,893	68,290	72,579	79,861	297,475	79,296	61,720	81,123	305,886	68,108	74,367	72,082	285,569	72,540	67,364	68,837	269,966	63,056	67,096	65,573	267,160	66,332	69,539	67,383	63,176	58,437,000	57,126	58,308	61,408	57,893	60,898	65,419	226,164	63,411	53,866,000	60,071	221,566	52,486	58,677	62,448	240,215	52,412	68,645	61,327	225,514	59,311	57,431	56,655	239,716	80,693	78,073	81,553	315,538	78,827	75,058	183,188	279,695	170,950	172,831	183,340	183,340	187,510	206,141	207,115	207,115	191,138	176,524	112,037	119,100	97,000	85,600	87,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	-6,546	1,697	2,147	10,200	-2,902	-249	1,435	1,111	-435	2,511	1,365	-22	-5,743	-2,703	-718	-1,806	173	555	-22,226	1,573	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	98,014	123,277	177,304	193,000	189,038	177,854	175,662	180,193	152,941	171,632	171,209	175,305	161,112	162,917	163,478	168,769	161,100	164,253	166,152	171,465	171,705	159,819	160,417	160,913	164,493	150,880	156,164	162,351	158,744	148,726	147,685	155,172	145,288	150,701	129,901	149,729	154,266	126,333	132,710	130,945	132,989	126,549	120,588	123,814	124,200	114,357	119,456	115,671	109,841	114,118	115,155	118,094	105,959	101,797	105,107	104,151	99,669	100,736	101,404	112,430	84,983	106,421	244,985	333,886	-404,661	232,625	241,385	322,212	278,014	201,147	223,835	319,293	291,553	216,854	225,597	287,294	-597,555	254,073	96,315	306,630	251,019	214,561	104,889	941,809	941,809	203,055	205,096	242,721	242,721	216,894	238,892	238,115	238,115	219,869	204,955	132,204	-112,400	213,100	185,700	170,700	284,700	49,800	48,000	49,500	46,300	44,800	40,300	45,600	70,100	18,700	19,200	26,900	26,900	22,300	19,800	16,900	16,100	16,200	16,500	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	2,906	4,127	4,062	-23,300	-19,386	-21,175	-21,120	-18,995	-5,680	5,326	3,032	5,574	5,826	785	224	-1,982	-500	-409	124	1,149	2,168	2,051	876	-1,129	2,506	790	2,123	1,500	1,372	-121	1,195	3,102	2,154	3,769	995	665	5,468	-439	2,980	2,189	977	3,117	928	2,715	1,238	-23,065	1,176	984	1,674	346	1,106	805	1,424	2,315	1,853	753	1,307	403	198	591	-82	1,218	-161	662	782	909	359	378	1,045	-397	3,147	5,270	9,338	5,365	1,590	607	-22,755	1,280	503	701	174	-7,306	1,380	-4,561	-4,561	982	-2,497	3,893	3,893	1,277	1,675	187	0	9,976	14,878	-14,939	3,000	1,100	2,500	3,300	-4,500	4,600	2,700	3,400	3,600	3,800	2,500	1,700	6,100	900	2,000	600	600	1,300	700	600	800	500	800	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	356,009	321,090	290,502	454,500	425,283	335,068	323,004	394,482	347,341	325,955	298,217	400,803	313,445	280,610	269,360	335,255	328,100	274,836	270,719	384,220	308,816	279,874	261,817	341,502	344,548	309,933	283,859	367,312	330,590	300,998	293,120	332,539	324,989	272,739	270,560	346,011	312,947	251,912	270,281	369,723	319,090	262,248	260,161	313,020	280,773	235,866	244,603	309,100	283,209	244,041	251,806	338,260	291,670	240,818	244,059	334,173	302,408	232,886	235,713	370,903	326,068	272,244	276,506	385,975	308,024	265,863	259,608	366,565	304,348	234,637	232,186	361,482	342,147	239,123	249,387	335,093	-612,560	248,922	232,961	339,610	267,797	235,388	235,529	486,444	486,444	509,300	515,652	797,419	797,419	912,061	1,031,586	2,549,858	2,549,858	1,613,573	1,596,399	1,330,944	1,145,800	753,300	595,900	509,300	523,300	195,500	184,000	284,200	283,100	185,000	165,400	284,400	140,400	49,700	56,700	68,700	68,700	45,500	40,200	50,800	37,800	30,200	33,700	55,500	38,600	29,800	33,800	51,100	34,500	22,000	25,700	37,000	32,100	23,300	25,000	42,500	27,700	22,700	24,600	39,200	28,300	23,300	24,400	40,000	27,300	23,800	23,400	41,000	26,100	22,200	24,500	35,200	28,000	21,800	25,000	42,600	34,000	22,000

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

Gross Profit (+$)
totalRevenue	1,422,143
Cost of Revenue	-640,786
Gross Profit	781,357	781,357

Operating Income (+$)
Gross Profit	781,357
Operating Expense	-480,902
Operating Income	300,455	300,455

Operating Expense (+$)
Research Development	0
Selling General Administrative	117,360
Selling And Marketing Expenses	0
Operating Expense	480,902	117,360

Net Interest Income (+$)
Interest Income	0
Interest Expense	-114,617
Other Finance Cost	-0
Net Interest Income	-114,617

Pretax Income (+$)
Operating Income	300,455
Net Interest Income	-114,617
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	201,670	284,623 EBIT - interestExpense = 201,670 201,670 308,748
Interest Expense	114,617
Earnings Before Interest and Taxes (EBIT)	316,287	316,287
Earnings Before Interest and Taxes (EBITDA)	526,761

After tax Income (+$)
Income Before Tax	201,670
Tax Provision	-7,539
Net Income From Continuing Ops	194,131	194,131
Net Income	194,131
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	1,121,688
Total Other Income/Expenses Net	15,832	114,617

Technical Analysis of NorthWestern Corporation
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of NorthWestern Corporation. The general trend of NorthWestern Corporation is BEARISH with 42.9% 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 NorthWestern Corporation's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (-42.9%)		Bearish trend (42.9%)
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 NorthWestern Corporation.

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

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

The bullish price targets are: 51.09 < 51.12 < 51.37.

The bearish price targets are: 47.72 > 46.61 > 45.55.

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NorthWestern Corporation Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of NorthWestern Corporation. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-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 up: The MA 50 is trending up. +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 lower than the MA 200. -1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

NorthWestern Corporation Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of NorthWestern Corporation. The current macd is 0.1302437.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 NorthWestern Corporation price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for NorthWestern Corporation. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the NorthWestern Corporation price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

NorthWestern Corporation Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of NorthWestern Corporation. The current adx is 17.52.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-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 NorthWestern Corporation shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

NorthWestern Corporation Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of NorthWestern Corporation. The current sar is 50.69.

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

NorthWestern Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of NorthWestern Corporation. The current rsi is 42.63. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

NorthWestern Corporation Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of NorthWestern Corporation. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the NorthWestern Corporation price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

NorthWestern Corporation Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of NorthWestern Corporation. The current cci is -100.31847134.

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

NorthWestern Corporation Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of NorthWestern Corporation. The current cmo is -27.92819205.

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

NorthWestern Corporation Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of NorthWestern Corporation. The current willr is -90.53356282.

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

NorthWestern Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of NorthWestern Corporation.

NorthWestern Corporation Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of NorthWestern Corporation. The current atr is 0.89679066.

NorthWestern Corporation Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of NorthWestern Corporation. The current obv is -1,226,579.

NorthWestern Corporation Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of NorthWestern Corporation. The current mfi is 36.33.

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

NorthWestern Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for NorthWestern Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

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

6.3. Candlestick Patterns

NorthWestern Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.633
Ma 20	Greater than	Ma 50	49.581
Ma 50	Greater than	Ma 100	48.464
Ma 100	Greater than	Ma 200	48.977
Open	Greater than	Close	48.820
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of NorthWestern Corporation (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of NorthWestern Corporation (5 min.)

$48.46

$45.46

$-30.33 - $-9.41

$15.13 - $36.05

2. Growth of NorthWestern Corporation (5 min.)

Is NorthWestern Corporation growing?

How much money is NorthWestern Corporation making?

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

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

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of NorthWestern Corporation

About NorthWestern Corporation

Financial Health

Valuation

1.1. Profitability of NorthWestern Corporation.

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 NorthWestern Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of NorthWestern Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of NorthWestern Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of NorthWestern Corporation

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

NorthWestern Corporation
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