Norwood Financial Corp
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Let's analyse Norwood Financial Corp together

Penke I guess you are interested in Norwood Financial Corp. 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 Norwood Financial Corp. 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 Norwood Financial Corp (30 sec.)

What can you expect buying and holding a share of Norwood Financial Corp? (30 sec.)

How much money do you get?

$1.15

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$21.57

Expected worth in 1 year

$22.78

How sure are you?

82.5%

+ What do you gain per year?

Total Gains per Share

$2.37

Return On Investment

9.6%

For what price can you sell your share?

Current Price per Share

$24.60

Expected price per share

$22.85 - $33.74

How sure are you?

50%

1. Valuation of Norwood Financial Corp (5 min.)

Live pricePrice per Share (EOD)

$24.60

Book Value per Share

$21.57

Intrinsic Value Per Share

$20.69 - $36.98

Total Value Per Share

$42.26 - $58.55

My calculation of the intrinsic value of Norwood Financial Corp 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: ($0.54) 3Y: ($0.86) TTM: ($0.87)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.01) TTM: ($0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.17	$3.49	$2.30 - $3.62
2	$4.33	$7.05	$2.42 - $3.80
3	$6.47	$10.66	$2.55 - $3.97
4	$8.59	$14.32	$2.67 - $4.14
5	$10.69	$18.02	$2.79 - $4.31
6	$12.76	$21.76	$2.92 - $4.48
7	$14.80	$25.53	$3.04 - $4.65
8	$16.80	$29.33	$3.17 - $4.82
9	$18.77	$33.14	$3.29 - $4.99
10	$20.69	$36.98	$3.42 - $5.16

2. Growth of Norwood Financial Corp (5 min.)

Is Norwood Financial Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$181m	$171.6m	$2.2m	1.3%

How much money is Norwood Financial Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$4.1m	$7.3m	-$3.1m	-74.4%
Net Profit Margin	23.6%	37.3%	-	-

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

Quarterly Yearly

3. Financial Health of Norwood Financial Corp (5 min.)

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

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Norwood Financial Corp? (5 min.)

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

What can you expect buying and holding a share of Norwood Financial Corp?

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

Speculation

The Price per Share of Norwood Financial Corp is $24.60. 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 Norwood Financial Corp.
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 Norwood Financial Corp, 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 $21.57. Based on the TTM, the Book Value Change Per Share is $0.30 per quarter. Based on the YOY, the Book Value Change Per Share is $-1.17 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 $0.29 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Norwood Financial Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.04	0.2%	0.52	2.1%	0.89	3.6%	0.61	2.5%	0.44	1.8%
Usd Book Value Change Per Share	1.26	5.1%	0.30	1.2%	-1.17	-4.8%	0.32	1.3%	0.26	1.0%
Usd Dividend Per Share	0.28	1.1%	0.29	1.2%	0.28	1.1%	0.25	1.0%	0.20	0.8%
Usd Total Gains Per Share	1.54	6.2%	0.59	2.4%	-0.90	-3.6%	0.57	2.3%	0.46	1.9%
Usd Price Per Share	32.91	-	29.41	-	28.22	-	28.64	-	30.14	-
Price to Earnings Ratio	195.13	-	56.85	-	7.94	-	22.14	-	47.43	-
Price-to-Total Gains Ratio	21.41	-	306.81	-	-5.87	-	90.77	-	89.13	-
Price to Book Ratio	1.53	-	1.38	-	1.35	-	1.43	-	1.90	-
Price-to-Total Gains Ratio	21.41	-	306.81	-	-5.87	-	90.77	-	89.13	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	24.6
Number of shares	40

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.29	0.25
Usd Book Value Change Per Share	0.30	0.32
Usd Total Gains Per Share	0.59	0.57
Gains per Quarter (40 shares)	23.68	22.87
Gains per Year (40 shares)	94.73	91.47

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	46	49	85	40	52	81
2	92	97	180	79	104	172
3	138	146	275	119	156	263
4	184	195	370	158	208	354
5	230	244	465	198	260	445
6	276	292	560	237	311	536
7	322	341	655	277	363	627
8	368	390	750	317	415	718
9	414	439	845	356	467	809
10	460	487	940	396	519	900

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	0.0	0.0	100.0%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	15.0	5.0	0.0	75.0%	30.0	10.0	0.0	75.0%	91.0	19.0	0.0	82.7%
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%	109.0	0.0	1.0	99.1%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	33.0	7.0	0.0	82.5%	98.0	12.0	0.0	89.1%

Fundamentals of Norwood Financial Corp

About Norwood Financial Corp

https://wayne.bank
Banks - Regional
261
717 Main Street, Honesdale, PA, United States, 18431
Google Maps Bing Maps

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. In addition, the company offers investment securities services; personal and business credit services; trust and investment products; and cash management, direct deposit, remote deposit capture, mobile deposit capture, automated clearing house activity, real estate settlement, and Internet and mobile banking services. Further, it engages in the annuity and mutual fund sale, and discount brokerage activities, as well as insurance agency business. The company serves consumers, businesses, nonprofit organizations, and municipalities. It operates branches in Northeastern Pennsylvania; and in Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York, as well as automated teller machines. Norwood Financial Corp. was founded in 1870 and is headquartered in Honesdale, Pennsylvania.

Fundamental data was last updated by Penke on 2024-04-11 16:25:08.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Norwood Financial Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Norwood Financial Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Norwood Financial Corp to the Banks - Regional industry mean.
A Net Profit Margin of 1.3% means that $0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Norwood Financial Corp:

The MRQ is 1.3%. The company is making a profit. +1
The TTM is 23.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	1.3%	TTM	23.6%	-22.4%
TTM	23.6%	YOY	37.3%	-13.7%
TTM	23.6%	5Y	30.2%	-6.5%
5Y	30.2%	10Y	26.8%	+3.4%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.3%	18.4%	-17.1%
TTM	23.6%	28.0%	-4.4%
YOY	37.3%	25.2%	+12.1%
5Y	30.2%	22.8%	+7.4%
10Y	26.8%	19.8%	+7.0%

Measures how much net profit Norwood Financial Corp earns for each $1 of revenue.

Revenue is the amount of profit Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Norwood Financial Corp is 0.01. This means that Norwood Financial Corp earned $0.01 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Norwood Financial Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Norwood Financial Corp 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 Norwood Financial Corp

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 Norwood Financial Corp = 354
Total revenue MRQ Norwood Financial Corp = 28,191
$354 / $28,191 = 0.01 or 1.3%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Norwood Financial Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Norwood Financial Corp to the Banks - Regional industry mean.
0.0% Return on Assets means that Norwood Financial Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Norwood Financial Corp:

The MRQ is 0.0%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.0%	TTM	0.2%	-0.2%
TTM	0.2%	YOY	0.4%	-0.2%
TTM	0.2%	5Y	0.3%	-0.1%
5Y	0.3%	10Y	0.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.0%	0.1%	-0.1%
TTM	0.2%	0.2%	0.0%
YOY	0.4%	0.2%	+0.2%
5Y	0.3%	0.2%	+0.1%
10Y	0.3%	0.2%	+0.1%

Shows how efficient Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Norwood Financial Corp is using its resources to generate profit. If the return on assets (0.0%) from Norwood Financial Corp are higher than the Banks - Regional mean (0.1%) that means Norwood Financial Corp 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 Norwood Financial Corp is 0.0%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp

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

Income statement
Balance sheet

Net income MRQ (income statement) from Norwood Financial Corp = 354
Total assets MRQ (balance sheet) from Norwood Financial Corp = 2,203,684
354 / 2,203,684 = 0.00 or 0.0%

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

Above 15%-20% is considered healthy but always compare Norwood Financial Corp to the Banks - Regional industry mean.
0.2% Return on Equity means Norwood Financial Corp generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Norwood Financial Corp:

The MRQ is 0.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	2.4%	-2.2%
TTM	2.4%	YOY	4.3%	-1.9%
TTM	2.4%	5Y	2.9%	-0.5%
5Y	2.9%	10Y	2.4%	+0.5%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	1.4%	-1.2%
TTM	2.4%	2.5%	-0.1%
YOY	4.3%	2.7%	+1.6%
5Y	2.9%	2.5%	+0.4%
10Y	2.4%	2.8%	-0.4%

Shows how efficient Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Norwood Financial Corp is 0.2%. This means Norwood Financial Corp generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp up to 10 years back (depending if Norwood Financial Corp 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 Norwood Financial Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Norwood Financial Corp = 354
Shareholders equity (balance sheet) MRQ Norwood Financial Corp = 181,070
354 / 181,070 = 0.00 or 0.2%

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 Norwood Financial Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Norwood Financial Corp is operating .

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

Let's take a look of the Operating Margin trends of Norwood Financial Corp:

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

Trends

Current period		Compared to		+/-
MRQ	-	TTM	37.2%	-37.2%
TTM	37.2%	YOY	53.0%	-15.8%
TTM	37.2%	5Y	39.8%	-2.6%
5Y	39.8%	10Y	35.8%	+4.1%

Measures how efficient Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

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

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Norwood Financial Corp = 0
Total revenue MRQ Norwood Financial Corp = 28,191
$0 / $28,191 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Norwood Financial Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.14 means that the operating costs are $0.14 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Norwood Financial Corp:

The MRQ is 0.135. The company is very efficient in keeping operating costs low. +2
The TTM is -0.269.

Trends

Current period		Compared to		+/-
MRQ	0.135	TTM	-0.269	+0.405
TTM	-0.269	YOY	-0.245	-0.024
TTM	-0.269	5Y	-0.030	-0.239
5Y	-0.030	10Y	-0.005	-0.026

Measures how efficient Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Norwood Financial Corp is 13.5%. This means that Norwood Financial Corp earned $0.14 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(0 +3,818) \ 28,191 = 0.14

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 Norwood Financial Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Norwood Financial Corp is able to pay off Short-term Debt.

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

Let's take a look of the Current Ratio trends of Norwood Financial Corp:

The MRQ is 0.047. The company is unable to pay all its short-term debts. -2
The TTM is 2.927. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	0.047	TTM	2.927	-2.879
TTM	2.927	YOY	13.411	-10.484
TTM	2.927	5Y	15.820	-12.894
5Y	15.820	10Y	18.626	-2.805

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	2.927	0.124	+2.803
YOY	13.411	0.225	+13.186
5Y	15.820	0.219	+15.601
10Y	18.626	0.131	+18.495

Measures if Norwood Financial Corp is able to pay off Short-term Debt.

How to use current ratio

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

Why do investors use current ratio in their analysis

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

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
74,340 \ 1,572,250) = 0.05

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

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

Let's take a look of the Quick Ratio trends of Norwood Financial Corp:

The MRQ is 0.245. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 5.590. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.245	TTM	5.590	-5.345
TTM	5.590	YOY	15.521	-9.931
TTM	5.590	5Y	10.563	-4.973
5Y	10.563	10Y	12.107	-1.544

Measures if Norwood Financial Corp 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 Norwood Financial Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

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

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 Norwood Financial Corp: (-28,533 + 406,259 +8,123) / 1,572,250 = 0.25

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Norwood Financial Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Norwood Financial Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Norwood Financial Corp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.92 means that Norwood Financial Corp assets are financed with 91.8% credit (debt) and the remaining percentage (100% - 91.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Norwood Financial Corp:

The MRQ is 0.918. The company is just able to pay all its debts by selling its assets.
The TTM is 0.919. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.918	TTM	0.919	-0.002
TTM	0.919	YOY	0.916	+0.003
TTM	0.919	5Y	0.904	+0.015
5Y	0.904	10Y	0.893	+0.011

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.918	0.915	+0.003
TTM	0.919	0.917	+0.002
YOY	0.916	0.919	-0.003
5Y	0.904	0.919	-0.015
10Y	0.893	0.927	-0.034

Measures how much % of Norwood Financial Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Norwood Financial Corp than its shareholders.

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Norwood Financial Corp is 0.92. This means means that Norwood Financial Corp is financed with 91.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Norwood Financial Corp

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,022,614 \ 2,203,684 = 91.8% or 0.92.

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 Norwood Financial Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Norwood Financial Corp to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,117.0% means that company has $11.17 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Norwood Financial Corp:

The MRQ is 11.170. The company is unable to pay all its debts with equity. -1
The TTM is 11.421. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	11.170	TTM	11.421	-0.251
TTM	11.421	YOY	10.993	+0.429
TTM	11.421	5Y	9.622	+1.799
5Y	9.622	10Y	8.610	+1.012

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	11.170	10.829	+0.341
TTM	11.421	11.013	+0.408
YOY	10.993	11.363	-0.370
5Y	9.622	11.437	-1.815
10Y	8.610	13.038	-4.428

Measures if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp is 11.17. This means that Norwood Financial Corp can pay off $11.17 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,022,614 \ 181,070 = 11.17 or 1,117.0%

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 Norwood Financial Corp

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 Norwood Financial Corp generates.

Above 15 is considered overpriced but always compare Norwood Financial Corp to the Banks - Regional industry mean.
A PE ratio of 195.13 means the investor is paying $195.13 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Norwood Financial Corp:

The EOD is 145.860. Based on the earnings, the company is expensive. -2
The MRQ is 195.132. Based on the earnings, the company is expensive. -2
The TTM is 56.846. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	145.860	MRQ	195.132	-49.272
MRQ	195.132	TTM	56.846	+138.286
TTM	56.846	YOY	7.942	+48.904
TTM	56.846	5Y	22.138	+34.708
5Y	22.138	10Y	47.433	-25.295

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	145.860	7.604	+138.256
MRQ	195.132	6.680	+188.452
TTM	56.846	5.295	+51.551
YOY	7.942	6.943	+0.999
5Y	22.138	9.770	+12.368
10Y	47.433	9.943	+37.490

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

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Norwood Financial Corp is 195.13. This means the investor is paying $195.13 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Norwood Financial Corp is performing over time. The most recent quarter might be important if Norwood Financial Corp 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 Norwood Financial Corp 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 Norwood Financial Corp

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 \ 8,396 = EPS
PE ratio MRQ = 195.13

* 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 Norwood Financial Corp:

The EOD is 9.002. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 12.043. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 8.987. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	9.002	MRQ	12.043	-3.041
MRQ	12.043	TTM	8.987	+3.055
TTM	8.987	YOY	8.563	+0.424
TTM	8.987	5Y	9.405	-0.417
5Y	9.405	10Y	15.866	-6.461

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	9.002	-2.126	+11.128
MRQ	12.043	-1.868	+13.911
TTM	8.987	-0.342	+9.329
YOY	8.563	6.448	+2.115
5Y	9.405	0.429	+8.976
10Y	15.866	0.091	+15.775

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Norwood Financial Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.53 means the investor is paying $1.53 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Norwood Financial Corp:

The EOD is 1.141. Based on the equity, the company is underpriced. +1
The MRQ is 1.526. Based on the equity, the company is underpriced. +1
The TTM is 1.384. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.141	MRQ	1.526	-0.385
MRQ	1.526	TTM	1.384	+0.142
TTM	1.384	YOY	1.352	+0.032
TTM	1.384	5Y	1.429	-0.046
5Y	1.429	10Y	1.905	-0.475

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.141	0.439	+0.702
MRQ	1.526	0.386	+1.140
TTM	1.384	0.470	+0.914
YOY	1.352	0.642	+0.710
5Y	1.429	0.795	+0.634
10Y	1.905	1.025	+0.880

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Norwood Financial Corp.

3.1. Institutions holding Norwood Financial Corp

Institutions are holding 28.674% of the shares of Norwood Financial Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	6.933	0.0005	562276	57565	11.4055
2023-12-31	Norwood Financial Corp	5.2428	21.203	425201	-20653	-4.6322
2023-12-31	Vanguard Group Inc	4.6469	0.0003	376869	-16734	-4.2515
2023-12-31	Geode Capital Management, LLC	1.8983	0.0005	153956	9228	6.3761
2023-12-31	Dimensional Fund Advisors, Inc.	1.2627	0.001	102408	0	0
2023-12-31	State Street Corporation	1.1946	0.0002	96887	1235	1.2911
2023-12-31	Northern Trust Corp	0.8336	0.0004	67604	5300	8.5067
2023-12-31	Renaissance Technologies Corp	0.5361	0.0022	43475	-800	-1.8069
2023-12-31	Raymond James Finl Svs Advisors, Inc.	0.5309	0.0023	43060	2153	5.2632
2023-12-31	Bank of New York Mellon Corp	0.3756	0.0002	30461	2032	7.1476
2023-12-31	Bridgeway Capital Management, LLC	0.369	0.0211	29926	-7600	-20.2526
2023-12-31	Strategic Investment Advisors Inc	0.3528	0.0662	28611	7270	34.0659
2023-12-31	Commonwealth Equity Services Inc	0.3298	0.0016	26749	26749	0
2023-12-31	Cetera Advisor Networks LLC	0.3049	0.0045	24728	12098	95.7878
2023-12-31	Morgan Stanley - Brokerage Accounts	0.2994	0.0001	24279	8612	54.969
2023-12-31	Eagle Wealth Strategies LLC	0.2901	0.467	23528	23528	0
2023-12-31	Charles Schwab Investment Management Inc	0.2458	0.0002	19937	0	0
2023-12-31	Bank of America Corp	0.1724	0.0001	13984	3448	32.7259
2023-12-31	Minerva Advisors LLC	0.1687	0.2814	13681	0	0
2023-12-31	PNC Financial Services Group Inc	0.1657	0.0004	13439	0	0
Total		26.1531	22.0532	2121059	+113431	+5.3%

3.2. Funds holding Norwood Financial Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8754	0.0004	233197	0	0
2024-03-28	iShares Russell 2000 ETF	2.2613	0.0076	183399	87	0.0475
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.2318	0.0027	99904	0	0
2024-01-31	Fidelity Small Cap Index	0.9122	0.0082	73978	770	1.0518
2024-03-28	iShares Russell 2000 Value ETF	0.8445	0.0149	68492	-43	-0.0627
2024-02-29	Fidelity Extended Market Index	0.4997	0.0029	40526	-196	-0.4813
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.3354	0.0076	27200	0	0
2024-02-29	Vanguard Russell 2000 ETF	0.3282	0.0077	26617	2136	8.7251
2023-12-31	Bridgeway Ultra-Small Company Market	0.3146	0.4519	25512	0	0
2024-02-29	DFA US Micro Cap I	0.2802	0.0088	22723	0	0
2024-03-28	iShares Core S&P Total US Stock Mkt ETF	0.2754	0.0011	22335	-14	-0.0626
2023-12-31	NT R2000 Value Index Fund - NL	0.2554	0.018	20712	-957	-4.4164
2023-12-31	NT R2000 Index Fund - NL	0.2536	0.0093	20565	-922	-4.291
2023-09-30	BlackRock Extended Mkt Composite	0.2295	0.0034	18615	129	0.6978
2024-02-29	Schwab Small Cap Index	0.2081	0.0079	16877	0	0
2023-12-31	NT R2000 Index Fund - DC - NL - 2	0.1997	0.0093	16195	-791	-4.6568
2024-03-31	BlackRock Extended Equity Market K	0.198	0.003	16056	6	0.0374
2024-03-28	iShares Micro-Cap ETF	0.1957	0.047	15873	0	0
2023-12-31	Northern Trust Russell 2000 Value Index	0.1837	0.0189	14900	813	5.7713
2023-12-31	NT R2000 Value Index Fund - L	0.1837	0.0188	14900	813	5.7713
Total		12.0661	0.6494	978576	+1831	+0.2%

3.3. Insider Transactions

Insiders are holding 9.534% of the shares of Norwood Financial Corp.

Date	Owner	Type	Amount	Price
2024-02-22	James O Donnelly	BUY	193	25.95
2023-11-16	Andrew Forte	BUY	200	27.69
2023-10-25	James O Donnelly	BUY	100	24.35
2023-10-16	Jeffrey S Gifford	SELL	6	25.05
2023-06-28	Andrew Forte	BUY	425	29.2
2023-04-27	James O Donnelly	BUY	200	25.8
2023-04-26	Jeffrey S Gifford	BUY	1000	25.5

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Norwood Financial Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.259	0.305	+313%	-1.175	+193%	0.324	+288%	0.256	+392%
Book Value Per Share	-	-	21.567	21.227	+2%	20.956	+3%	20.718	+4%	17.002	+27%
Current Ratio	-	-	0.047	2.927	-98%	13.411	-100%	15.820	-100%	18.626	-100%
Debt To Asset Ratio	-	-	0.918	0.919	0%	0.916	+0%	0.904	+2%	0.893	+3%
Debt To Equity Ratio	-	-	11.170	11.421	-2%	10.993	+2%	9.622	+16%	8.610	+30%
Dividend Per Share	-	-	0.279	0.287	-3%	0.280	0%	0.247	+13%	0.199	+40%
Eps	-	-	0.042	0.515	-92%	0.892	-95%	0.613	-93%	0.437	-90%
Free Cash Flow Per Share	-	-	0.683	0.866	-21%	0.872	-22%	0.702	-3%	0.543	+26%
Free Cash Flow To Equity Per Share	-	-	1.109	4.587	-76%	0.945	+17%	3.658	-70%	2.225	-50%
Gross Profit Margin	-	-	-0.780	0.555	-240%	0.982	-179%	0.900	-187%	0.950	-182%
Intrinsic Value_10Y_max	-	-	36.979	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	20.690	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.495	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.168	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	10.661	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	6.470	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	18.021	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	10.692	-	-	-	-	-	-	-	-
Market Cap	199509936.000	-38%	276306633.660	241107885.015	+15%	231168286.000	+20%	233886206.475	+18%	245289426.548	+13%
Net Profit Margin	-	-	0.013	0.236	-95%	0.373	-97%	0.302	-96%	0.268	-95%
Operating Margin	-	-	-	0.372	-100%	0.530	-100%	0.398	-100%	0.358	-100%
Operating Ratio	-	-	0.135	-0.269	+299%	-0.245	+281%	-0.030	+122%	-0.005	+103%
Pb Ratio	1.141	-34%	1.526	1.384	+10%	1.352	+13%	1.429	+7%	1.905	-20%
Pe Ratio	145.860	-34%	195.132	56.846	+243%	7.942	+2357%	22.138	+781%	47.433	+311%
Price Per Share	24.600	-34%	32.910	29.405	+12%	28.218	+17%	28.637	+15%	30.144	+9%
Price To Free Cash Flow Ratio	9.002	-34%	12.043	8.987	+34%	8.563	+41%	9.405	+28%	15.866	-24%
Price To Total Gains Ratio	16.002	-34%	21.408	306.814	-93%	-5.872	+127%	90.769	-76%	89.127	-76%
Quick Ratio	-	-	0.245	5.590	-96%	15.521	-98%	10.563	-98%	12.107	-98%
Return On Assets	-	-	0.000	0.002	-92%	0.004	-95%	0.003	-94%	0.003	-94%
Return On Equity	-	-	0.002	0.024	-92%	0.043	-95%	0.029	-93%	0.024	-92%
Total Gains Per Share	-	-	1.537	0.592	+160%	-0.895	+158%	0.572	+169%	0.455	+238%
Usd Book Value	-	-	181070000.000	173902750.000	+4%	171642750.000	+5%	169320900.000	+7%	138538225.000	+31%
Usd Book Value Change Per Share	-	-	1.259	0.305	+313%	-1.175	+193%	0.324	+288%	0.256	+392%
Usd Book Value Per Share	-	-	21.567	21.227	+2%	20.956	+3%	20.718	+4%	17.002	+27%
Usd Dividend Per Share	-	-	0.279	0.287	-3%	0.280	0%	0.247	+13%	0.199	+40%
Usd Eps	-	-	0.042	0.515	-92%	0.892	-95%	0.613	-93%	0.437	-90%
Usd Free Cash Flow	-	-	5736000.000	7087250.000	-19%	7145250.000	-20%	5736650.000	0%	4423725.000	+30%
Usd Free Cash Flow Per Share	-	-	0.683	0.866	-21%	0.872	-22%	0.702	-3%	0.543	+26%
Usd Free Cash Flow To Equity Per Share	-	-	1.109	4.587	-76%	0.945	+17%	3.658	-70%	2.225	-50%
Usd Market Cap	199509936.000	-38%	276306633.660	241107885.015	+15%	231168286.000	+20%	233886206.475	+18%	245289426.548	+13%
Usd Price Per Share	24.600	-34%	32.910	29.405	+12%	28.218	+17%	28.637	+15%	30.144	+9%
Usd Profit	-	-	354000.000	4189500.000	-92%	7308000.000	-95%	5010000.000	-93%	3558175.000	-90%
Usd Revenue	-	-	28191000.000	20241500.000	+39%	19582250.000	+44%	16828750.000	+68%	12873850.000	+119%
Usd Total Gains Per Share	-	-	1.537	0.592	+160%	-0.895	+158%	0.572	+169%	0.455	+238%
	EOD	+4 -4	MRQ	TTM	+13 -23	YOY	+14 -22	5Y	+13 -23	10Y	+18 -18

4.2. Fundamental Score

Let's check the fundamental score of Norwood Financial Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	145.860
Price to Book Ratio (EOD)	Between	0-1	1.141
Net Profit Margin (MRQ)	Greater than	0	0.013
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.245
Current Ratio (MRQ)	Greater than	1	0.047
Debt to Asset Ratio (MRQ)	Less than	1	0.918
Debt to Equity Ratio (MRQ)	Less than	1	11.170
Return on Equity (MRQ)	Greater than	0.15	0.002
Return on Assets (MRQ)	Greater than	0.05	0.000
Total			2/10 (20.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Norwood Financial Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.200
Ma 20	Greater than	Ma 50	24.874
Ma 50	Greater than	Ma 100	25.763
Ma 100	Greater than	Ma 200	27.668
Open	Greater than	Close	25.310
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-44,917	-68,341	-113,258	-6,133	-119,391	6,905	-112,486	1,567,360	1,454,874
Inventory	-39,129	3,135	-35,994	-4,758	-40,752	-21,443	-62,195	82,605	20,410
Long-term Assets Other	-26,154	3,990	-22,164	-1,137	-23,301	-2,309	-25,610	2,033,635	2,008,025
Cash and Short Term Investments	450,793	-3,533	447,260	-10,550	436,710	-2,065	434,645	-463,178	-28,533
Net Working Capital	412,793	-72,158	340,635	-16,040	324,595	5,323	329,918	-1,827,828	-1,497,910

Latest Balance Sheet

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

Summary

Total Assets	2,203,684
Total Liabilities	2,022,614
Total Stockholder Equity	181,070

	As reported
Total Liabilities	2,022,614
Total Stockholder Equity	+ 181,070
Total Assets	= 2,203,684

Assets

Total Assets	2,203,684
Total Current Assets	74,340
Long-term Assets	2,129,344

Total Current Assets

Total Current Assets (as reported)	74,340
Cash And Cash Equivalents	66,120
Short-term Investments	406,259
Net Receivables	8,123
Inventory	20,410
Total Current Assets (calculated)	500,912
+/-	426,572

Long-term Assets

Long-term Assets (as reported)	2,129,344
Property Plant Equipment	21,744
Goodwill	29,266
Long Term Investments	406,259
Intangible Assets	221
Long-term Assets Other	2,008,025
Long-term Assets (calculated)	2,465,515
+/-	336,171

Liabilities & Shareholders' Equity

Total Current Liabilities	1,572,250
Long-term Liabilities	450,364
Total Stockholder Equity	181,070

Total Current Liabilities

Total Current Liabilities (as reported)	1,572,250
Short-term Debt	117,376
Short Long Term Debt	74,406
Accounts payable	10,510
Other Current Liabilities	1,454,874
Total Current Liabilities (calculated)	1,657,166
+/-	84,916

Long-term Liabilities

Long-term Liabilities (as reported)	450,364
Long term Debt	69,830
Long-term Liabilities (calculated)	69,830
+/-	380,534

Total Stockholder Equity

Total Stockholder Equity (as reported)	181,070
Common Stock	831
Retained Earnings	135,284
Accumulated Other Comprehensive Income	-47,348
Other Stockholders Equity	92,303
Total Stockholder Equity (calculated)	181,070
+/-	0

Other

Capital Stock	831
Cash and Short Term Investments	-28,533
Common Stock Shares Outstanding	8,396
Current Deferred Revenue	-10,510
Liabilities and Stockholders Equity	2,203,684
Net Debt	136,205
Net Invested Capital	325,306
Net Working Capital	-1,497,910
Property Plant and Equipment Gross	38,207
Short Long Term Debt Total	202,325

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

> Total Assets

248,900
260,600
258,400
262,200
267,800
263,300
264,200
273,900
276,800
279,000
278,800
296,300
306,500
314,800
315,496
320,525
325,566
326,731
320,888
339,523
350,282
346,029
347,386
356,955
377,615
367,468
370,628
382,601
392,717
387,483
383,894
399,923
398,571
411,626
413,188
422,555
425,611
433,556
434,130
455,159
453,170
454,356
461,383
474,018
472,866
480,610
483,967
491,909
498,635
504,296
511,424
508,495
514,867
529,696
526,517
546,580
534,557
537,005
530,926
703,795
678,881
668,814
685,529
684,867
698,697
672,299
680,753
697,606
703,771
711,234
703,234
716,862
718,213
711,635
734,359
751,521
749,329
750,505
760,104
767,829
1,125,057
1,111,183
1,111,615
1,127,313
1,131,953
1,132,916
1,127,037
1,150,593
1,156,748
1,184,559
1,203,595
1,222,528
1,215,856
1,230,610
1,242,291
1,354,541
1,842,107
1,851,864
2,009,836
2,025,564
2,053,691
2,068,504
2,077,698
2,066,384
2,018,870
2,047,070
2,104,363
2,141,765
2,179,998
2,203,684

2,203,684

2,179,998

2,141,765

2,104,363

2,047,070

2,018,870

2,066,384

2,077,698

2,068,504

2,053,691

2,025,564

2,009,836

1,851,864

1,842,107

1,354,541

1,242,291

1,230,610

1,215,856

1,222,528

1,203,595

1,184,559

1,156,748

1,150,593

1,127,037

1,132,916

1,131,953

1,127,313

1,111,615

1,111,183

1,125,057

767,829

760,104

750,505

749,329

751,521

734,359

711,635

718,213

716,862

703,234

711,234

703,771

697,606

680,753

672,299

698,697

684,867

685,529

668,814

678,881

703,795

530,926

537,005

534,557

546,580

526,517

529,696

514,867

508,495

511,424

504,296

498,635

491,909

483,967

480,610

472,866

474,018

461,383

454,356

453,170

455,159

434,130

433,556

425,611

422,555

413,188

411,626

398,571

399,923

383,894

387,483

392,717

382,601

370,628

367,468

377,615

356,955

347,386

346,029

350,282

339,523

320,888

326,731

325,566

320,525

315,496

314,800

306,500

296,300

278,800

279,000

276,800

273,900

264,200

263,300

267,800

262,200

258,400

260,600

248,900

> Total Current Assets

0
0
0
0
0
12,300
10,900
13,900
20,000
14,000
8,900
11,100
14,600
10,400
8,844
8,600
11,970
11,127
8,320
8,905
12,677
11,635
8,429
120,942
15,953
11,608
12,900
13,902
14,441
10,957
10,182
11,372
12,058
9,247
9,015
13,729
11,775
11,628
11,331
12,652
11,675
11,646
10,920
449,572
458,391
11,407
470,702
475,450
481,175
8,659
483,651
492,859
496,915
16,555
493,599
503,459
509,061
15,791
501,093
533,314
515,052
500,386
518,926
522,169
533,034
509,048
514,466
529,187
535,185
535,578
529,671
544,866
542,554
538,402
561,977
583,613
579,497
595,182
599,791
621,828
788,983
783,145
790,839
801,831
821,498
826,138
835,609
865,532
883,739
915,769
937,171
958,954
979,142
994,611
1,019,679
1,132,244
1,595,769
1,577,644
1,687,179
1,644,903
1,644,639
619,352
606,826
1,943,928
474,467
457,710
453,893
443,986
442,404
74,340

74,340

442,404

443,986

453,893

457,710

474,467

1,943,928

606,826

619,352

1,644,639

1,644,903

1,687,179

1,577,644

1,595,769

1,132,244

1,019,679

994,611

979,142

958,954

937,171

915,769

883,739

865,532

835,609

826,138

821,498

801,831

790,839

783,145

788,983

621,828

599,791

595,182

579,497

583,613

561,977

538,402

542,554

544,866

529,671

535,578

535,185

529,187

514,466

509,048

533,034

522,169

518,926

500,386

515,052

533,314

501,093

15,791

509,061

503,459

493,599

16,555

496,915

492,859

483,651

8,659

481,175

475,450

470,702

11,407

458,391

449,572

10,920

11,646

11,675

12,652

11,331

11,628

11,775

13,729

9,015

9,247

12,058

11,372

10,182

10,957

14,441

13,902

12,900

11,608

15,953

120,942

8,429

11,635

12,677

8,905

8,320

11,127

11,970

8,600

8,844

10,400

14,600

11,100

8,900

14,000

20,000

13,900

10,900

12,300

Cash And Cash Equivalents

0
0
0
0
0
10,900
9,500
12,500
18,600
12,600
7,400
9,700
13,000
8,800
7,099
6,858
10,008
9,144
6,435
6,903
10,644
9,756
6,503
119,121
14,105
9,809
11,213
12,258
12,666
9,174
8,458
9,734
10,391
7,606
7,215
12,014
9,887
9,816
9,352
10,688
9,589
9,517
8,745
12,962
8,874
9,064
8,316
9,715
9,351
6,480
15,011
7,554
9,049
14,355
22,617
31,542
16,753
13,625
19,534
43,482
38,049
21,423
20,241
24,396
35,339
12,295
15,945
27,297
27,414
7,863
8,749
15,378
13,263
12,376
19,627
20,442
11,716
10,010
8,963
12,615
33,133
17,174
19,842
16,403
14,315
16,697
12,142
16,107
17,368
18,348
19,874
18,472
20,915
15,415
38,418
83,376
124,440
111,693
210,499
205,173
219,933
206,681
166,026
109,666
40,877
31,866
29,015
33,089
54,146
66,120

66,120

54,146

33,089

29,015

31,866

40,877

109,666

166,026

206,681

219,933

205,173

210,499

111,693

124,440

83,376

38,418

15,415

20,915

18,472

19,874

18,348

17,368

16,107

12,142

16,697

14,315

16,403

19,842

17,174

33,133

12,615

8,963

10,010

11,716

20,442

19,627

12,376

13,263

15,378

8,749

7,863

27,414

27,297

15,945

12,295

35,339

24,396

20,241

21,423

38,049

43,482

19,534

13,625

16,753

31,542

22,617

14,355

9,049

7,554

15,011

6,480

9,351

9,715

8,316

9,064

8,874

12,962

8,745

9,517

9,589

10,688

9,352

9,816

9,887

12,014

7,215

7,606

10,391

9,734

8,458

9,174

12,666

12,258

11,213

9,809

14,105

119,121

6,503

9,756

10,644

6,903

6,435

9,144

10,008

6,858

7,099

8,800

13,000

9,700

7,400

12,600

18,600

12,500

9,500

10,900

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,703
0
0
0
7,691
0
0
0
6,665
0
0
0
64
0
0
0
13,178
0
0
0
70
0
0
0
67
0
116,299
118,736
50
130,633
130,811
128,287
17
124,222
122,601
126,349
10,857
125,653
141,245
139,308
10,843
143,104
152,275
145,734
150,263
148,489
144,720
147,639
145,390
148,598
150,750
150,904
158,132
156,165
154,925
158,701
156,395
155,674
151,304
153,305
138,851
143,948
129,721
310,126
302,564
295,801
300,667
285,706
281,121
265,862
259,442
247,517
243,277
240,621
238,083
211,199
210,205
196,998
196,735
197,436
226,586
275,224
333,636
361,988
406,782
434,924
440,877
427,287
418,927
418,245
403,621
380,499
406,259

406,259

380,499

403,621

418,245

418,927

427,287

440,877

434,924

406,782

361,988

333,636

275,224

226,586

197,436

196,735

196,998

210,205

211,199

238,083

240,621

243,277

247,517

259,442

265,862

281,121

285,706

300,667

295,801

302,564

310,126

129,721

143,948

138,851

153,305

151,304

155,674

156,395

158,701

154,925

156,165

158,132

150,904

150,750

148,598

145,390

147,639

144,720

148,489

150,263

145,734

152,275

143,104

10,843

139,308

141,245

125,653

10,857

126,349

122,601

124,222

128,287

130,811

130,633

118,736

116,299

13,178

6,665

7,691

2,703

Net Receivables

0
0
0
0
0
1,400
1,400
1,400
1,400
1,400
1,500
1,400
1,600
1,600
1,745
1,742
1,962
1,983
1,885
2,002
2,033
1,879
1,926
1,821
1,848
1,799
1,687
1,644
1,775
1,783
1,724
1,638
1,667
1,641
1,800
1,715
1,888
1,812
1,979
1,964
2,086
2,129
2,175
2,298
2,417
2,343
2,409
2,221
2,394
2,179
2,314
2,117
2,315
2,200
2,414
2,113
2,342
2,166
2,191
2,539
2,758
2,468
2,690
2,416
2,589
2,393
2,456
2,488
2,373
2,422
2,330
2,405
2,367
2,339
2,329
2,340
2,499
2,363
2,487
2,289
3,541
3,643
3,532
3,417
3,729
3,716
3,687
3,672
3,792
3,776
4,089
3,979
3,726
3,719
3,669
4,383
6,104
6,232
6,317
6,190
6,049
5,889
5,876
6,085
6,303
6,917
6,633
7,276
7,759
8,123

8,123

7,759

7,276

6,633

6,917

6,303

6,085

5,876

5,889

6,049

6,190

6,317

6,232

6,104

4,383

3,669

3,719

3,726

3,979

4,089

3,776

3,792

3,672

3,687

3,716

3,729

3,417

3,532

3,643

3,541

2,289

2,487

2,363

2,499

2,340

2,329

2,339

2,367

2,405

2,330

2,422

2,373

2,488

2,456

2,393

2,589

2,416

2,690

2,468

2,758

2,539

2,191

2,166

2,342

2,113

2,414

2,200

2,315

2,117

2,314

2,179

2,394

2,221

2,409

2,343

2,417

2,298

2,175

2,129

2,086

1,964

1,979

1,812

1,888

1,715

1,800

1,641

1,667

1,638

1,724

1,783

1,775

1,644

1,687

1,799

1,848

1,821

1,926

1,879

2,033

2,002

1,885

1,983

1,962

1,742

1,745

1,600

1,400

1,500

1,400

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
487,293
474,245
476,495
495,995
495,357
495,106
348,970
347,467
348,652
354,494
367,161
362,427
372,158
368,223
367,292
384,347
409,527
411,977
443,958
444,393
477,203
442,183
459,764
471,664
481,344
517,748
524,604
553,918
586,311
615,062
650,368
672,587
698,420
743,302
765,272
780,594
847,750
1,267,789
1,233,133
1,195,139
1,099,904
1,056,669
1,146,992
5,876
116,097
47,526
39,129
35,994
40,752
62,195
74,340

74,340

62,195

40,752

35,994

39,129

47,526

116,097

5,876

1,146,992

1,056,669

1,099,904

1,195,139

1,233,133

1,267,789

847,750

780,594

765,272

743,302

698,420

672,587

650,368

615,062

586,311

553,918

524,604

517,748

481,344

471,664

459,764

442,183

477,203

444,393

443,958

411,977

409,527

384,347

367,292

368,223

372,158

362,427

367,161

354,494

348,652

347,467

348,970

495,106

495,357

495,995

476,495

474,245

487,293

> Long-term Assets

0
0
0
0
100
64,800
68,900
71,900
69,000
77,000
77,300
89,100
92,200
93,100
94,292
96,511
92,687
93,331
93,419
101,457
105,490
109,456
103,745
6,335
119,822
127,033
122,547
132,195
139,259
136,167
127,737
127,761
122,422
128,146
130,068
120,268
121,476
122,659
123,120
120,852
118,845
119,886
119,487
5,853
5,764
130,434
5,668
5,702
5,601
136,317
5,413
5,297
5,258
136,474
5,126
5,061
5,012
150,889
4,798
170,481
163,829
168,428
166,603
162,698
165,663
163,251
166,287
168,419
168,586
175,656
173,563
171,996
175,659
173,233
172,382
167,908
169,832
155,323
160,313
146,001
336,074
328,038
320,776
325,482
310,455
306,778
291,428
285,061
273,009
268,790
266,424
263,574
236,714
235,999
222,612
222,297
246,338
274,220
322,657
380,661
409,052
453,744
481,592
487,528
474,309
466,423
465,454
450,510
427,259
2,129,344

2,129,344

427,259

450,510

465,454

466,423

474,309

487,528

481,592

453,744

409,052

380,661

322,657

274,220

246,338

222,297

222,612

235,999

236,714

263,574

266,424

268,790

273,009

285,061

291,428

306,778

310,455

325,482

320,776

328,038

336,074

146,001

160,313

155,323

169,832

167,908

172,382

173,233

175,659

171,996

173,563

175,656

168,586

168,419

166,287

163,251

165,663

162,698

166,603

168,428

163,829

170,481

4,798

150,889

5,012

5,061

5,126

136,474

5,258

5,297

5,413

136,317

5,601

5,702

5,668

130,434

5,764

5,853

119,487

119,886

118,845

120,852

123,120

122,659

121,476

120,268

130,068

128,146

122,422

127,761

127,737

136,167

139,259

132,195

122,547

127,033

119,822

6,335

103,745

109,456

105,490

101,457

93,419

93,331

92,687

96,511

94,292

93,100

92,200

89,100

77,300

77,000

69,000

71,900

68,900

64,800

100

Property Plant Equipment

7,500
7,800
7,900
7,900
7,500
7,300
7,200
7,100
7,500
7,100
7,000
6,900
6,900
6,700
6,587
6,305
6,288
6,201
6,234
6,116
6,017
6,037
5,954
6,122
6,134
5,986
5,861
5,740
5,629
5,596
5,556
5,559
5,602
5,489
5,475
5,434
5,454
5,393
5,508
5,457
5,489
6,020
5,935
5,853
5,764
5,742
5,668
5,702
5,601
5,490
5,413
5,297
5,258
5,189
5,126
5,061
5,012
4,904
4,798
7,672
7,601
7,479
7,468
7,371
7,453
7,326
7,191
7,206
7,250
7,125
7,031
6,910
6,825
6,734
6,632
6,555
6,503
6,472
6,390
6,328
13,617
13,531
13,073
12,953
12,922
13,864
13,808
13,894
13,797
13,846
14,165
13,880
13,927
14,228
14,071
14,040
18,124
17,814
17,648
17,298
17,364
17,289
17,022
17,032
17,427
17,924
17,660
17,363
17,254
21,744

21,744

17,254

17,363

17,660

17,924

17,427

17,032

17,022

17,289

17,364

17,298

17,648

17,814

18,124

14,040

14,071

14,228

13,927

13,880

14,165

13,846

13,797

13,894

13,808

13,864

12,922

12,953

13,073

13,531

13,617

6,328

6,390

6,472

6,503

6,555

6,632

6,734

6,825

6,910

7,031

7,125

7,250

7,206

7,191

7,326

7,453

7,371

7,468

7,479

7,601

7,672

4,798

4,904

5,012

5,061

5,126

5,189

5,258

5,297

5,413

5,490

5,601

5,702

5,668

5,742

5,764

5,853

5,935

6,020

5,489

5,457

5,508

5,393

5,454

5,434

5,475

5,489

5,602

5,559

5,556

5,596

5,629

5,740

5,861

5,986

6,134

6,122

5,954

6,037

6,017

6,116

6,234

6,201

6,288

6,305

6,587

6,700

6,900

7,000

7,100

7,500

7,100

7,200

7,300

7,500

7,900

7,800

7,500

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
9,483
9,483
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
9,715
11,679
11,679
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
11,331
30,213
29,290
29,290
29,266
29,266
29,266
29,266
29,266
29,266
29,266
29,266
29,266
29,266
29,266

29,266

29,290

30,213

11,331

11,679

9,715

9,483

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
459,549
449,658
452,620
473,635
473,818
474,332
471,381
473,110
475,139
481,583
497,563
490,464
496,705
495,193
495,260
512,954
532,923
537,789
552,627
558,145
575,422
700,035
707,426
712,542
727,607
748,254
756,458
767,582
795,447
810,917
841,730
855,849
879,445
897,177
916,072
919,477
196,735
1,402,988
1,397,582
1,407,059
333,636
361,988
406,782
434,924
440,877
427,287
418,927
418,245
403,621
380,499
406,259

406,259

380,499

403,621

418,245

418,927

427,287

440,877

434,924

406,782

361,988

333,636

1,407,059

1,397,582

1,402,988

196,735

919,477

916,072

897,177

879,445

855,849

841,730

810,917

795,447

767,582

756,458

748,254

727,607

712,542

707,426

700,035

575,422

558,145

552,627

537,789

532,923

512,954

495,260

495,193

496,705

490,464

497,563

481,583

475,139

473,110

471,381

474,332

473,818

473,635

452,620

449,658

459,549

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
881
840
800
760
720
684
647
610
575
543
510
477
446
418
389
361
334
309
285
260
237
652
612
571
531
496
462
427
394
364
336
307
280
257
235
212
191
565
530
495
461
434
407
380
353
329
306
283
260
240
221

221

240

260

283

306

329

353

380

407

434

461

495

530

565

191

212

235

257

280

307

336

364

394

427

462

496

531

571

612

652

237

260

285

309

334

361

389

418

446

477

510

543

575

610

647

684

720

760

800

840

881

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
250,044
245,503
215,184
215,426
224,474
268,401
0
0
0
0
0
0
0
0
0
0
0
0
0
0

268,401

224,474

215,426

215,184

245,503

250,044

Long-term Assets Other

-7,500
-7,800
-7,900
-7,900
-7,500
-64,800
-68,900
-71,900
-69,000
-77,000
-77,300
-89,100
-92,200
-93,100
-94,292
-96,511
-92,687
-93,331
-93,419
-101,457
-105,490
-109,456
-103,745
-6,335
-119,822
-127,033
-122,547
-132,195
-139,259
-136,167
-127,737
-127,761
-122,422
-128,146
-130,068
-120,268
-121,476
-122,659
-123,120
-120,852
-118,845
-119,886
-119,487
-117,254
-119,441
-130,434
-131,339
-131,517
-128,993
-136,317
-124,929
-123,309
-127,057
-136,474
-125,821
-141,414
-139,477
-150,889
-143,274
333,289
328,511
326,232
347,506
350,637
347,467
348,970
347,467
348,652
354,494
367,161
-4,294
-3,764
-3,691
367,292
-3,308
-4,071
-3,345
443,958
-3,456
-2,222
-5,560
-348
-8,923
-8,181
-8,304
524,604
-5,622
-5,885
-6,268
650,368
678,878
702,685
744,150
765,649
804,300
915,739
-215,560
-244,400
-292,872
-350,934
57,984
-424,071
65,206
71,896
-474,309
-26,154
-22,164
-23,301
-25,610
2,008,025

2,008,025

-25,610

-23,301

-22,164

-26,154

-474,309

71,896

65,206

-424,071

57,984

-350,934

-292,872

-244,400

-215,560

915,739

804,300

765,649

744,150

702,685

678,878

650,368

-6,268

-5,885

-5,622

524,604

-8,304

-8,181

-8,923

-348

-5,560

-2,222

-3,456

443,958

-3,345

-4,071

-3,308

367,292

-3,691

-3,764

-4,294

367,161

354,494

348,652

347,467

348,970

347,467

350,637

347,506

326,232

328,511

333,289

-143,274

-150,889

-139,477

-141,414

-125,821

-136,474

-127,057

-123,309

-124,929

-136,317

-128,993

-131,517

-131,339

-130,434

-119,441

-117,254

-119,487

-119,886

-118,845

-120,852

-123,120

-122,659

-121,476

-120,268

-130,068

-128,146

-122,422

-127,761

-127,737

-136,167

-139,259

-132,195

-122,547

-127,033

-119,822

-6,335

-103,745

-109,456

-105,490

-101,457

-93,419

-93,331

-92,687

-96,511

-94,292

-93,100

-92,200

-89,100

-77,300

-77,000

-69,000

-71,900

-68,900

-64,800

-7,500

-7,900

-7,800

-7,500

> Total Liabilities

227,600
239,100
236,800
239,500
244,100
238,700
238,800
247,800
249,900
251,300
251,000
269,700
279,700
288,100
288,503
292,618
296,348
295,361
288,320
305,943
315,191
310,913
311,724
319,321
338,339
327,343
330,065
340,868
350,882
344,652
339,848
357,145
353,783
365,941
367,593
375,724
378,164
385,448
385,633
405,967
402,111
402,125
408,324
420,884
418,146
424,791
427,393
435,978
442,521
445,606
451,274
447,394
451,131
465,225
461,414
479,814
466,114
469,307
462,351
619,160
591,968
580,753
596,668
594,626
606,746
579,878
587,833
607,146
612,425
619,370
609,034
620,660
620,806
612,594
633,908
651,603
647,389
649,507
657,406
663,238
1,009,357
1,000,104
998,663
1,011,146
1,014,261
1,017,177
1,013,199
1,035,060
1,040,068
1,062,274
1,076,823
1,091,045
1,080,962
1,093,182
1,100,104
1,211,877
1,651,560
1,657,079
1,814,729
1,825,065
1,851,083
1,863,242
1,890,892
1,892,553
1,860,021
1,879,985
1,927,948
1,968,341
2,015,296
2,022,614

2,022,614

2,015,296

1,968,341

1,927,948

1,879,985

1,860,021

1,892,553

1,890,892

1,863,242

1,851,083

1,825,065

1,814,729

1,657,079

1,651,560

1,211,877

1,100,104

1,093,182

1,080,962

1,091,045

1,076,823

1,062,274

1,040,068

1,035,060

1,013,199

1,017,177

1,014,261

1,011,146

998,663

1,000,104

1,009,357

663,238

657,406

649,507

647,389

651,603

633,908

612,594

620,806

620,660

609,034

619,370

612,425

607,146

587,833

579,878

606,746

594,626

596,668

580,753

591,968

619,160

462,351

469,307

466,114

479,814

461,414

465,225

451,131

447,394

451,274

445,606

442,521

435,978

427,393

424,791

418,146

420,884

408,324

402,125

402,111

405,967

385,633

385,448

378,164

375,724

367,593

365,941

353,783

357,145

339,848

344,652

350,882

340,868

330,065

327,343

338,339

319,321

311,724

310,913

315,191

305,943

288,320

295,361

296,348

292,618

288,503

288,100

279,700

269,700

251,000

251,300

249,900

247,800

238,800

238,700

244,100

239,500

236,800

239,100

227,600

> Total Current Liabilities

5,600
5,400
13,400
13,800
11,500
7,400
9,600
16,200
6,800
10,100
13,300
9,900
9,600
11,000
10,256
19,886
11,663
10,988
9,417
11,693
8,316
8,967
8,766
11,604
16,868
10,670
9,548
8,951
11,373
14,168
10,292
16,098
12,330
24,182
26,144
12,077
12,884
20,255
21,391
15,447
17,363
3,894
23,388
21,949
25,218
29,884
30,627
44,746
35,894
40,373
31,356
26,806
21,918
27,860
23,361
25,995
26,182
34,845
26,807
33,654
33,465
23,115
17,187
28,527
33,848
29,939
22,941
33,112
39,541
14,436
41,346
38,946
45,679
26,661
31,536
34,830
42,542
20,629
53,597
38,991
34,196
33,880
29,292
43,134
48,396
19,678
31,361
44,786
54,525
17,395
40,281
51,102
55,401
34,183
43,551
58,030
71,488
64,904
74,287
85,061
79,587
62,025
64,782
70,427
73,179
44,917
113,258
119,391
112,486
1,572,250

1,572,250

112,486

119,391

113,258

44,917

73,179

70,427

64,782

62,025

79,587

85,061

74,287

64,904

71,488

58,030

43,551

34,183

55,401

51,102

40,281

17,395

54,525

44,786

31,361

19,678

48,396

43,134

29,292

33,880

34,196

38,991

53,597

20,629

42,542

34,830

31,536

26,661

45,679

38,946

41,346

14,436

39,541

33,112

22,941

29,939

33,848

28,527

17,187

23,115

33,465

33,654

26,807

34,845

26,182

25,995

23,361

27,860

21,918

26,806

31,356

40,373

35,894

44,746

30,627

29,884

25,218

21,949

23,388

3,894

17,363

15,447

21,391

20,255

12,884

12,077

26,144

24,182

12,330

16,098

10,292

14,168

11,373

8,951

9,548

10,670

16,868

11,604

8,766

8,967

8,316

11,693

9,417

10,988

11,663

19,886

10,256

11,000

9,600

9,900

13,300

10,100

6,800

16,200

9,600

7,400

11,500

13,800

13,400

5,400

5,600

Short-term Debt

3,900
3,200
11,300
12,000
9,500
5,000
7,200
14,300
4,900
7,800
10,900
7,900
7,700
8,600
7,754
17,601
9,202
7,860
6,558
9,411
5,819
6,641
6,557
10,008
15,169
9,016
7,951
7,589
9,925
12,859
9,076
15,040
11,194
22,982
24,956
10,928
11,515
18,564
19,765
13,687
15,086
1,000
19,986
19,147
22,628
26,686
28,006
42,060
33,575
38,126
29,412
24,596
19,553
25,803
21,781
24,378
24,530
33,309
25,465
32,181
31,976
21,794
15,854
27,192
32,386
28,697
21,859
32,075
38,466
49,914
40,373
38,009
44,704
25,695
30,581
33,842
41,546
53,235
52,672
38,100
33,156
32,811
28,383
42,192
47,229
42,530
29,905
43,325
52,820
53,046
37,824
48,094
52,778
62,256
40,656
55,204
69,294
63,303
72,917
83,599
78,246
60,822
63,622
70,427
71,754
42,264
108,555
112,290
103,881
117,376

117,376

103,881

112,290

108,555

42,264

71,754

70,427

63,622

60,822

78,246

83,599

72,917

63,303

69,294

55,204

40,656

62,256

52,778

48,094

37,824

53,046

52,820

43,325

29,905

42,530

47,229

42,192

28,383

32,811

33,156

38,100

52,672

53,235

41,546

33,842

30,581

25,695

44,704

38,009

40,373

49,914

38,466

32,075

21,859

28,697

32,386

27,192

15,854

21,794

31,976

32,181

25,465

33,309

24,530

24,378

21,781

25,803

19,553

24,596

29,412

38,126

33,575

42,060

28,006

26,686

22,628

19,147

19,986

1,000

15,086

13,687

19,765

18,564

11,515

10,928

24,956

22,982

11,194

15,040

9,076

12,859

9,925

7,589

7,951

9,016

15,169

10,008

6,557

6,641

5,819

9,411

6,558

7,860

9,202

17,601

7,754

8,600

7,700

7,900

10,900

7,800

4,900

14,300

7,200

5,000

9,500

12,000

11,300

3,200

3,900

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
7,111
0
0
0
94,361
91,528
74,679
67,450
64,812
57,260
67,522
1,215
874
4,818
3,359
11,893
26,234
37,824
48,094
52,778
31,751
40,656
55,204
69,294
63,303
72,917
83,599
78,246
60,822
63,622
70,427
71,754
93,215
108,555
112,290
103,881
74,406

74,406

103,881

112,290

108,555

93,215

71,754

70,427

63,622

60,822

78,246

83,599

72,917

63,303

69,294

55,204

40,656

31,751

52,778

48,094

37,824

26,234

11,893

3,359

4,818

874

1,215

67,522

57,260

64,812

67,450

74,679

91,528

94,361

7,111

Accounts payable

1,700
2,200
2,100
1,800
2,000
2,400
2,400
1,900
1,900
2,300
2,400
2,000
1,900
2,400
2,502
2,285
2,461
3,128
2,859
2,282
2,497
2,326
2,209
1,596
1,699
1,654
1,597
1,362
1,448
1,309
1,216
1,058
1,136
1,200
1,188
1,149
1,369
1,691
1,626
1,760
2,277
2,894
3,402
2,802
2,590
3,198
2,621
2,686
2,319
2,247
1,944
2,210
2,365
2,057
1,580
1,617
1,652
1,536
1,342
1,473
1,489
1,321
1,333
1,335
1,462
1,242
1,082
1,037
1,075
1,022
973
937
975
966
955
988
996
957
925
891
1,040
1,069
909
942
1,167
1,434
1,456
1,461
1,705
1,806
2,457
3,008
2,623
2,432
2,895
2,826
2,194
1,601
1,370
1,462
1,341
1,203
1,160
1,138
1,425
2,653
4,703
7,101
8,605
10,510

10,510

8,605

7,101

4,703

2,653

1,425

1,138

1,160

1,203

1,341

1,462

1,370

1,601

2,194

2,826

2,895

2,432

2,623

3,008

2,457

1,806

1,705

1,461

1,456

1,434

1,167

942

909

1,069

1,040

891

925

957

996

988

955

966

975

937

973

1,022

1,075

1,037

1,082

1,242

1,462

1,335

1,333

1,321

1,489

1,473

1,342

1,536

1,652

1,617

1,580

2,057

2,365

2,210

1,944

2,247

2,319

2,686

2,621

3,198

2,590

2,802

3,402

2,894

2,277

1,760

1,626

1,691

1,369

1,149

1,188

1,200

1,136

1,058

1,216

1,309

1,448

1,362

1,597

1,654

1,699

1,596

2,209

2,326

2,497

2,282

2,859

3,128

2,461

2,285

2,502

2,400

1,900

2,000

2,400

2,300

1,900

2,400

2,000

1,800

2,100

2,200

1,700

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
538,289
526,513
525,767
546,192
534,157
541,590
524,425
535,632
550,150
548,698
-36,500
540,076
554,714
548,338
-26,661
570,206
575,614
571,353
-33,563
560,491
584,259
922,244
-33,880
931,413
932,471
924,022
-24,286
940,149
950,889
939,714
-37,457
974,415
981,224
974,433
-30,505
990,160
0
-2,194
-1,601
-1,370
-1,462
-1,341
-1,203
1,781,777
-1,138
-73,179
-44,917
-113,258
-119,391
-112,486
1,454,874

1,454,874

-112,486

-119,391

-113,258

-44,917

-73,179

-1,138

1,781,777

-1,203

-1,341

-1,462

-1,370

-1,601

-2,194

990,160

-30,505

974,433

981,224

974,415

-37,457

939,714

950,889

940,149

-24,286

924,022

932,471

931,413

-33,880

922,244

584,259

560,491

-33,563

571,353

575,614

570,206

-26,661

548,338

554,714

540,076

-36,500

548,698

550,150

535,632

524,425

541,590

534,157

546,192

525,767

526,513

538,289

> Long-term Liabilities

219,400
231,200
220,900
223,200
230,100
2,000
2,000
2,000
2,000
2,000
4,000
22,000
27,000
30,000
29,000
28,000
33,000
28,000
28,000
28,000
25,000
25,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
23,000
35,000
18,000
13,000
23,000
23,000
23,000
23,000
23,000
23,000
43,000
43,000
43,000
43,000
43,000
43,000
43,000
43,000
38,000
38,000
35,000
42,761
27,716
27,670
27,625
27,579
27,533
22,487
25,343
20,150
19,956
23,761
23,373
22,983
22,592
22,200
27,807
37,211
29,162
41,126
38,856
36,579
42,542
32,001
28,877
25,330
31,771
35,945
33,093
30,283
36,649
52,284
47,955
44,024
35,906
56,438
51,350
50,823
46,438
42,459
39,366
36,259
33,136
29,998
26,844
74,839
73,179
44,917
113,258
99,687
137,447
450,364

450,364

137,447

99,687

113,258

44,917

73,179

74,839

26,844

29,998

33,136

36,259

39,366

42,459

46,438

50,823

51,350

56,438

35,906

44,024

47,955

52,284

36,649

30,283

33,093

35,945

31,771

25,330

28,877

32,001

42,542

36,579

38,856

41,126

29,162

37,211

27,807

22,200

22,592

22,983

23,373

23,761

19,956

20,150

25,343

22,487

27,533

27,579

27,625

27,670

27,716

42,761

35,000

38,000

43,000

23,000

13,000

18,000

35,000

23,000

25,000

28,000

33,000

28,000

29,000

30,000

27,000

22,000

4,000

2,000

230,100

223,200

220,900

231,200

219,400

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
8,248
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

8,248

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,889
5,163
5,757
6,542
5,964
5,372
5,422
4,349
4,085
3,908
3,978
3,475
3,200
3,087
2,497
2,124
2,332
1,106
1,644
1,314
2,689
2,863
3,218
3,281
3,361
3,813
4,419
8,286
5,304
4,993
4,965
5,105
5,234
5,647
5,389
4,845
8,446
5,645
5,715
4,949
4,977
4,673
4,932
4,133
4,766
5,929
5,763
5,522
6,997
5,698
5,237
4,269
4,999
4,771
5,305
4,513
5,212
4,954
5,172
4,755
5,314
4,936
5,328
4,237
5,387
4,300
11,415
9,907
9,990
11,153
11,239
9,318
10,052
9,102
9,180
8,358
8,872
9,395
9,922
9,211
9,818
11,653
12,628
14,331
15,888
14,804
15,838
14,426
17,489
16,746
18,046
10,731
0
11,548
0
0

11,548

10,731

18,046

16,746

17,489

14,426

15,838

14,804

15,888

14,331

12,628

11,653

9,818

9,211

9,922

9,395

8,872

8,358

9,180

9,102

10,052

9,318

11,239

11,153

9,990

9,907

11,415

4,300

5,387

4,237

5,328

4,936

5,314

4,755

5,172

4,954

5,212

4,513

5,305

4,771

4,999

4,269

5,237

5,698

6,997

5,522

5,763

5,929

4,766

4,133

4,932

4,673

4,977

4,949

5,715

5,645

8,446

4,845

5,389

5,647

5,234

5,105

4,965

4,993

5,304

8,286

4,419

3,813

3,361

3,281

3,218

2,863

2,689

1,314

1,644

1,106

2,332

2,124

2,497

3,087

3,200

3,475

3,978

3,908

4,085

4,349

5,422

5,372

5,964

6,542

5,757

5,163

5,889

> Total Stockholder Equity

21,300
21,500
21,600
22,700
23,700
24,600
25,400
26,100
26,900
27,700
27,800
26,600
26,800
26,700
26,993
27,907
29,218
31,370
32,568
33,580
35,091
35,116
35,662
37,634
39,276
40,125
40,563
41,733
41,835
42,831
44,046
42,778
44,788
45,685
45,595
46,831
47,447
48,108
48,497
49,192
51,059
52,231
53,059
53,134
54,720
55,819
56,574
55,931
56,114
58,690
60,150
61,101
63,736
64,471
65,103
66,766
68,443
67,698
68,575
84,635
86,913
88,061
88,861
90,241
91,951
92,421
92,920
90,460
91,346
91,864
94,200
96,202
97,407
99,041
100,451
99,918
101,940
100,998
102,698
104,591
115,700
111,079
112,952
116,167
117,692
115,739
113,838
115,533
116,680
122,285
126,772
131,483
134,894
137,428
142,187
142,664
190,547
194,785
195,107
200,499
202,608
205,262
186,806
173,831
158,849
167,085
176,415
173,424
164,702
181,070

181,070

164,702

173,424

176,415

167,085

158,849

173,831

186,806

205,262

202,608

200,499

195,107

194,785

190,547

142,664

142,187

137,428

134,894

131,483

126,772

122,285

116,680

115,533

113,838

115,739

117,692

116,167

112,952

111,079

115,700

104,591

102,698

100,998

101,940

99,918

100,451

99,041

97,407

96,202

94,200

91,864

91,346

90,460

92,920

92,421

91,951

90,241

88,861

88,061

86,913

84,635

68,575

67,698

68,443

66,766

65,103

64,471

63,736

61,101

60,150

58,690

56,114

55,931

56,574

55,819

54,720

53,134

53,059

52,231

51,059

49,192

48,497

48,108

47,447

46,831

45,595

45,685

44,788

42,778

44,046

42,831

41,835

41,733

40,563

40,125

39,276

37,634

35,662

35,116

35,091

33,580

32,568

31,370

29,218

27,907

26,993

26,700

26,800

26,600

27,800

27,700

26,900

26,100

25,400

24,600

23,700

22,700

21,600

21,500

21,300

Common Stock

100
100
100
100
100
0
0
0
0
0
0
0
0
200
180
180
180
180
180
180
180
180
180
180
180
180
270
270
270
270
270
270
270
270
270
270
270
270
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
284
337
337
337
337
337
337
337
371
371
371
371
371
371
371
372
372
372
372
373
373
373
416
416
416
416
625
626
626
627
628
630
630
630
632
634
634
634
821
824
824
825
825
827
827
828
828
829
829
829
829
831

831

829

828

827

825

824

821

634

632

630

628

627

626

625

416

373

372

371

337

284

270

180

200

100

Retained Earnings

18,600
18,900
19,200
19,700
20,300
20,800
21,400
22,000
22,600
23,200
23,800
24,400
25,100
25,800
26,368
27,292
27,767
28,441
29,075
29,756
30,515
31,265
31,921
32,589
33,367
34,082
34,779
35,485
36,260
37,042
37,790
38,467
39,338
40,222
40,984
41,837
42,840
43,722
44,497
41,249
42,187
43,125
43,946
44,877
46,046
47,030
47,603
48,642
49,550
50,398
51,394
52,402
53,430
54,455
55,481
56,526
57,642
58,648
59,507
60,036
61,296
62,308
63,513
64,788
66,005
66,742
57,847
58,626
59,710
60,798
61,671
62,613
63,637
64,078
64,975
65,797
66,431
65,412
66,143
66,876
66,210
67,225
68,268
69,660
9,947
70,426
72,179
74,315
76,645
78,434
80,115
82,127
84,522
86,536
88,032
87,939
90,422
93,796
97,201
100,818
105,668
110,015
114,845
119,414
125,243
130,020
133,427
135,583
137,363
135,284

135,284

137,363

135,583

133,427

130,020

125,243

119,414

114,845

110,015

105,668

100,818

97,201

93,796

90,422

87,939

88,032

86,536

84,522

82,127

80,115

78,434

76,645

74,315

72,179

70,426

9,947

69,660

68,268

67,225

66,210

66,876

66,143

65,412

66,431

65,797

64,975

64,078

63,637

62,613

61,671

60,798

59,710

58,626

57,847

66,742

66,005

64,788

63,513

62,308

61,296

60,036

59,507

58,648

57,642

56,526

55,481

54,455

53,430

52,402

51,394

50,398

49,550

48,642

47,603

47,030

46,046

44,877

43,946

43,125

42,187

41,249

44,497

43,722

42,840

41,837

40,984

40,222

39,338

38,467

37,790

37,042

36,260

35,485

34,779

34,082

33,367

32,589

31,921

31,265

30,515

29,756

29,075

28,441

27,767

27,292

26,368

25,800

25,100

24,400

23,800

23,200

22,600

22,000

21,400

20,800

20,300

19,700

19,200

18,900

18,600

Accumulated Other Comprehensive Income

1,000
800
200
1,200
2,000
0
0
1,500
0
0
0
0
0
-2,700
-2,952
-2,968
-2,141
-667
-113
160
812
50
-133
1,137
1,647
1,741
1,466
1,795
798
881
1,295
-812
204
6
-923
-352
-740
-899
-985
-1,133
-289
-44
152
-319
424
1,054
1,720
212
-401
1,279
1,765
1,407
2,660
2,090
2,171
2,646
3,139
1,137
1,305
2,063
3,037
3,315
3,156
3,159
3,620
2,797
2,135
-1,187
-1,572
-2,602
-1,000
5
-71
462
911
-522
721
488
1,779
2,838
2,406
-4,119
-3,317
-1,532
-1,269
-2,667
-6,327
-7,036
-8,492
-5,020
-2,077
440
1,143
1,187
4,277
4,782
4,665
5,119
2,021
3,561
1,438
-256
-23,725
-40,230
-60,565
-57,353
-49,963
-54,249
-64,982
-47,348

-47,348

-64,982

-54,249

-49,963

-57,353

-60,565

-40,230

-23,725

-256

1,438

3,561

2,021

5,119

4,665

4,782

4,277

1,187

1,143

440

-2,077

-5,020

-8,492

-7,036

-6,327

-2,667

-1,269

-1,532

-3,317

-4,119

2,406

2,838

1,779

488

721

-522

911

462

-71

-1,000

-2,602

-1,572

-1,187

2,135

2,797

3,620

3,159

3,156

3,315

3,037

2,063

1,305

1,137

3,139

2,646

2,171

2,090

2,660

1,407

1,765

1,279

-401

212

1,720

1,054

424

-319

152

-44

-289

-1,133

-985

-899

-740

-352

-923

204

-812

1,295

881

798

1,795

1,466

1,741

1,647

1,137

-133

812

160

-113

-667

-2,141

-2,968

-2,952

-2,700

1,500

2,000

1,200

200

800

1,000

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,603
24,647
24,660
24,686
24,696
24,728
24,737
34,912
34,949
34,991
35,010
35,050
35,091
35,143
35,206
35,239
35,268
35,310
35,351
35,390
35,430
47,576
47,682
47,678
47,645
47,467
47,431
47,548
47,815
48,087
48,322
48,559
48,741
49,052
49,471
49,644
49,778
95,108
95,388
95,717
95,951
96,100
96,443
96,619
96,752
96,785
96,897
97,063
97,268
0
0

97,268

97,063

96,897

96,785

96,752

96,619

96,443

96,100

95,951

95,717

95,388

95,108

49,778

49,644

49,471

49,052

48,741

48,559

48,322

48,087

47,815

47,548

47,431

47,467

47,645

47,678

47,682

47,576

35,430

35,390

35,351

35,310

35,268

35,239

35,206

35,143

35,091

35,050

35,010

34,991

34,949

34,912

24,737

24,728

24,696

24,686

24,660

24,647

24,603

Treasury Stock

-6,007

-2,930

-3,308

-3,442

-2,933

-1,760

-1,767

-1,423

-656

-342

-469

-400

-455

-81

-188

-77

-341

-22

-93

-125

-908

-926

-987

-626

-894

-997

-1,046

-1,077

-1,673

-1,878

-1,892

-1,713

-2,154

-2,299

-2,345

-2,192

-2,739

-2,831

-2,559

-2,404

-2,388

-2,197

-2,437

-2,467

-2,620

-2,122

-2,420

-2,871

-3,286

-3,243

-3,272

-3,250

-3,152

-2,708

-2,237

-1,863

-1,556

-1,283

-1,246

-1,205

-1,029

-633

-468

-449

-157

-149

-204

-228

-310

-295

-328

-593

-666

-640

-1,023

-1,020

-1,066

-1,077

-1,160

-1,213

-1,214

Other Stockholders Equity

1,600
1,700
2,100
1,700
1,300
3,800
4,000
2,600
4,300
4,500
4,000
2,200
1,700
700
445
435
1,271
2,749
3,313
3,644
4,396
3,671
3,561
4,865
5,729
4,122
4,048
4,183
4,507
4,638
4,691
4,853
4,976
5,187
5,264
5,076
5,077
5,015
4,701
8,792
8,877
8,866
8,677
8,292
7,966
7,451
6,967
6,793
6,681
6,729
6,707
7,008
7,362
7,642
7,167
7,310
7,378
7,629
7,479
22,199
22,243
22,101
21,855
21,957
21,989
22,545
32,567
32,650
32,837
33,297
33,158
33,213
33,470
34,129
34,193
34,271
34,416
34,725
34,403
34,504
46,668
47,557
47,585
47,623
47,126
47,354
47,360
47,627
47,899
48,241
48,104
48,286
48,597
49,071
49,244
49,309
94,639
95,046
95,061
95,295
94,677
94,676
94,859
93,819
93,343
93,589
92,122
91,261
91,492
92,303

92,303

91,492

91,261

92,122

93,589

93,343

93,819

94,859

94,676

94,677

95,295

95,061

95,046

94,639

49,309

49,244

49,071

48,597

48,286

48,104

48,241

47,899

47,627

47,360

47,354

47,126

47,623

47,585

47,557

46,668

34,504

34,403

34,725

34,416

34,271

34,193

34,129

33,470

33,213

33,158

33,297

32,837

32,650

32,567

22,545

21,989

21,957

21,855

22,101

22,243

22,199

7,479

7,629

7,378

7,310

7,167

7,642

7,362

7,008

6,707

6,729

6,681

6,793

6,967

7,451

7,966

8,292

8,677

8,866

8,877

8,792

4,701

5,015

5,077

5,076

5,264

5,187

4,976

4,853

4,691

4,638

4,507

4,183

4,048

4,122

5,729

4,865

3,561

3,671

4,396

3,644

3,313

2,749

1,271

435

445

700

1,700

2,200

4,000

4,500

4,300

2,600

4,000

3,800

1,300

1,700

2,100

1,700

1,600

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
Accounts Payable	10,510	2,653	1,203	1,601	2,432	1,806	1,434	1,069	957	966	1,022	1,242	1,321	1,536	2,057	2,247	3,198	2,894	1,691	1,200	1,309	1,654	2,326	3,128	2,400	2,300	2,400	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Accumulated Other Comprehensive Income	-47,348	-57,353	-256	5,119	1,187	-5,020	-2,667	-4,119	488	462	-2,602	2,797	3,315	1,137	2,090	1,279	1,054	-44	-899	6	881	1,741	50	-667	-2,700	0	0	419	1,171
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
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	831	829	827	824	634	630	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	96,897	96,443	95,388	49,471	48,322	47,431	47,682	35,351	35,206	35,010	24,737	24,660	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	66,120	31,866	206,681	111,693	15,415	18,348	16,697	17,174	10,010	12,376	7,863	12,295	21,423	13,625	14,355	6,480	9,064	9,517	9,816	7,606	9,174	9,809	9,756	9,144	8,800	12,600	10,900	15,109	6,448
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
Cash And Short Term Investments	-28,533	450,793	613,463	338,279	225,620	261,625	297,818	319,738	148,861	168,771	165,995	157,685	21,423	13,625	14,355	6,480	9,064	9,517	9,816	7,606	9,174	9,809	9,756	9,144	8,800	12,600	10,900	15,109	6,448
Common Stock	831	829	827	824	634	630	626	416	373	372	371	337	337	284	284	284	284	284	270	270	270	180	180	180	200	0	0	90	900
Common Stock Shares Outstanding	8,084	8,177	8,199	7,230	6,332	6,290	6,258	5,819	5,539	5,469	5,450	5,416	5,078	4,571	4,564	4,569	4,671	4,711	4,960	4,692	4,606	4,489	4,403	4,358	4,373	4,354	13,418	8,845	4,613
Common Stock Total Equity	0	829	827	824	634	630	626	416	373	372	371	337	337	284	284	284	284	284	270	270	270	180	180	180	200	0	0	90	900
Current Deferred Revenue	-10,510	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	215,426	247,512	285,111	306,957	142,529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	29,266	29,266	29,266	29,290	11,331	11,331	11,331	11,679	9,715	9,715	9,715	9,715	9,715	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	221	306	407	530	235	336	462	612	285	389	510	647	800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	-1,564,240	-39,129	-214,312	-118,890	-20,690	1,115	1,661	5,302	2,847	3,726	1,009	852	2,910	748	392	660	0	0	0	0	0	21	54	27	0	0	0	0	0
Liabilities And Stockholders Equity	2,203,684	2,047,070	2,068,504	1,851,864	1,230,610	1,184,559	1,132,916	1,111,183	750,505	711,635	711,234	672,299	668,814	537,005	529,696	504,296	480,610	454,356	433,556	411,626	387,483	367,468	346,029	326,731	314,800	279,000	263,300	260,085	217,262
Long Term Debt	69,830	40,000	29,998	42,459	56,438	52,284	35,945	32,001	41,126	15,089	23,761	17,487	22,670	20,000	38,000	43,000	18,000	13,000	18,000	19,000	23,633	24,000	23,395	21,000	0	0	0	0	0
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
Long Term Investments	406,259	418,927	406,782	1,397,582	916,072	841,730	756,458	707,426	552,627	495,260	497,563	471,381	452,620	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
Net Debt	136,205	50,398	-115,861	-5,931	103,279	86,982	61,778	47,638	84,351	35,519	65,812	38,889	28,041	57,684	54,448	74,646	40,622	4,483	31,748	38,376	26,685	22,207	21,885	26,716	29,800	-2,800	-3,900	-9,440	-1,835
Net Invested Capital	325,306	300,300	296,082	237,244	225,617	190,158	169,928	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	8,123	6,917	5,889	6,232	3,719	3,776	3,716	3,643	2,363	2,339	2,422	2,393	2,468	2,166	2,200	2,179	2,343	2,129	1,812	1,641	1,783	1,799	1,879	1,983	1,600	1,400	1,400	1,558	1,505
Net Tangible Assets	0	137,513	175,589	164,965	125,862	110,618	103,946	99,136	90,998	88,937	81,639	82,059	77,546	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,497,910	412,793	557,327	279,607	164,651	898,374	806,460	749,265	574,553	511,741	521,142	479,109	477,271	-19,054	-11,305	-31,714	-18,477	7,752	-8,627	-14,935	-3,211	938	2,668	139	-600	3,900	4,900	13,440	5,921
Non Current Assets Total	2,129,344	466,423	453,744	274,220	235,999	268,790	306,778	328,038	155,323	173,233	175,656	163,251	168,428	150,889	136,474	136,317	130,434	119,886	122,659	128,146	136,167	127,033	109,456	93,331	93,100	77,000	64,800	58,968	45,632
Non Current Liabilities Other	0	16,390	14,426	14,331	14,527	8,358	7,884	8,838	3,280	3,789	3,491	3,027	4,201	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	450,364	44,917	29,998	42,459	56,438	52,284	35,945	32,001	41,126	22,200	23,761	22,487	27,670	38,000	43,000	43,000	23,000	13,000	23,000	23,000	23,000	23,000	25,000	28,000	30,000	2,000	2,000	2,442	2,582
Non Currrent Assets Other	2,008,025	-23,549	-9,414	-8,436	-4,247	650,368	524,604	-348	443,958	367,292	367,161	348,970	232	-150,889	-136,474	-136,317	-130,434	-119,886	-122,659	-128,146	-136,167	-127,033	-109,456	-93,331	-93,100	-77,000	-64,800	-58,968	-45,632
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
Other Assets	0	1,122,937	995,408	1,233,133	765,272	1,453,349	1,439,694	1,439,221	905,828	884,868	886,890	835,550	837,242	370,325	376,667	359,320	338,769	322,824	299,269	274,233	240,359	228,827	224,938	222,273	211,300	188,000	186,200	184,450	163,677
Other Current Assets	74,340	39,129	214,312	118,890	20,690	650,368	524,604	459,764	443,958	367,292	367,161	348,970	476,495	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	1,454,874	-44,917	-62,025	-64,904	-64,688	-37,457	-24,286	-33,880	-33,563	-26,661	-36,500	524,425	525,767	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,031
Other Liab	0	10,731	14,426	14,331	9,211	8,358	7,884	8,838	3,280	4,755	4,513	4,269	5,522	4,133	4,949	4,845	5,105	8,286	3,281	1,314	2,124	3,475	4,349	6,542	0	0	0	0	0
Other Stockholder Equity	92,303	93,589	94,676	95,046	49,071	48,241	47,354	47,557	34,725	34,129	33,297	22,545	22,101	7,629	7,642	6,729	7,451	8,866	5,015	5,187	4,638	4,122	3,671	2,749	700	4,500	3,800	2,568	4,178
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
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
Property Plant And Equipment Gross	38,207	37,814	35,908	17,814	14,228	13,846	13,864	13,531	6,472	6,734	7,125	7,326	7,479	4,904	5,189	5,490	5,742	6,020	5,393	5,489	5,596	5,986	6,037	6,201	6,700	7,100	7,300	10,062	8,961
Property Plant And Equipment Net	21,744	17,924	17,289	17,814	14,228	13,846	13,864	13,531	6,472	6,734	7,125	7,326	7,479	4,904	5,189	5,490	5,742	6,020	5,393	5,489	5,596	5,986	6,037	6,201	6,700	7,100	7,300	10,062	8,961
Property Plant Equipment	0	18,270	17,289	18,779	15,784	14,961	15,525	18,833	9,319	10,460	8,134	8,178	10,389	4,904	5,189	5,490	5,742	6,020	5,393	5,489	5,596	5,986	6,037	6,201	0	0	0	0	0
Retained Earnings	135,284	130,020	110,015	93,796	86,536	78,434	70,426	67,225	65,412	64,078	60,798	66,742	62,307	58,648	54,455	50,398	47,030	43,125	43,722	40,222	37,042	34,082	31,265	28,441	25,800	23,200	20,800	18,861	17,704
Retained Earnings Total Equity	0	130,020	110,015	93,796	86,536	78,434	70,426	67,225	65,412	64,078	60,798	66,742	62,308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	74,406	93,215	60,822	63,303	31,751	15,589	18,244	0	94,361	7,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	202,325	82,264	90,820	105,762	118,694	105,330	78,475	64,812	94,361	47,895	73,675	51,184	49,464	71,309	68,803	81,126	49,686	14,000	41,564	45,982	35,859	32,016	31,641	35,860	38,600	9,800	7,000	5,669	4,613
Short Term Debt	117,376	42,264	60,822	63,303	62,256	53,046	42,530	32,811	53,235	25,695	49,914	28,697	21,794	33,309	25,803	38,126	26,686	1,000	18,564	22,982	12,859	9,016	6,641	7,860	8,600	7,800	5,000	3,227	2,031
Short Term Investments	406,259	418,927	406,782	226,586	210,205	243,277	281,121	302,564	138,851	156,395	158,132	145,390	150,263	10,843	10,857	17	50	67	70	13,178	64	6,665	7,691	2,703	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
Total Assets	2,203,684	2,047,070	2,068,504	1,851,864	1,230,610	1,184,559	1,132,916	1,111,183	750,505	711,635	711,234	672,299	668,814	537,005	529,696	504,296	480,610	454,356	433,556	411,626	387,483	367,468	346,029	326,731	314,800	279,000	263,300	260,085	217,262
Total Current Assets	74,340	457,710	619,352	344,511	229,339	915,769	826,138	783,145	595,182	538,402	535,578	509,048	500,386	15,791	16,555	8,659	11,407	11,646	11,628	9,247	10,957	11,608	11,635	11,127	10,400	14,000	12,300	16,667	7,953
Total Current Liabilities	1,572,250	44,917	62,025	64,904	64,688	17,395	19,678	33,880	20,629	26,661	14,436	29,939	23,115	34,845	27,860	40,373	29,884	3,894	20,255	24,182	14,168	10,670	8,967	10,988	11,000	10,100	7,400	3,227	2,031
Total Liab	2,022,614	1,879,985	1,863,242	1,657,079	1,093,182	1,062,274	1,017,177	1,000,104	649,507	612,594	619,370	579,878	580,753	469,307	465,225	445,606	424,791	402,125	385,448	365,941	344,652	327,343	310,913	295,361	288,100	251,300	238,700	238,565	194,480
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
Total Stockholder Equity	181,070	167,085	205,262	194,785	137,428	122,285	115,739	111,079	100,998	99,041	91,864	92,421	88,061	67,698	64,471	58,690	55,819	52,231	48,108	45,685	42,831	40,125	35,116	31,370	26,700	27,700	24,600	21,519	22,782
Treasury Stock	0	-3,308	-1,767	-342	-400	-81	-77	-125	-626	-1,077	-1,713	-2,192	-2,559	-2,197	-2,122	-3,243	-2,708	-1,283	-633	-149	-295	-640	-1,066	-1,213	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

	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
Accounts Payable	10,510	8,605	7,101	4,703	2,653	1,425	1,138	1,160	1,203	1,341	1,462	1,370	1,601	2,194	2,826	2,895	2,432	2,623	3,008	2,457	1,806	1,705	1,461	1,456	1,434	1,167	942	909	1,069	1,040	891	925	957	996	988	955	966	975	937	973	1,022	1,075	1,037	1,082	1,242	1,462	1,335	1,333	1,321	1,489	1,473	1,342	1,536	1,652	1,617	1,580	2,057	2,365	2,210	1,944	2,247	2,319	2,686	2,621	3,198	2,590	2,802	3,402	2,894	2,277	1,760	1,626	1,691	1,369	1,149	1,188	1,200	1,136	1,058	1,216	1,309	1,448	1,362	1,597	1,654	1,699	1,596	2,209	2,326	2,497	2,282	2,859	3,128	2,461	2,285	2,502	2,400	1,900	2,000	2,400	2,300	1,900	1,900	2,400	2,400	2,000	1,800	2,100	2,200	1,700
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
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
Accumulated Other Comprehensive Income	-47,348	-64,982	-54,249	-49,963	-57,353	-60,565	-40,230	-23,725	-256	1,438	3,561	2,021	5,119	4,665	4,782	4,277	1,187	1,143	440	-2,077	-5,020	-8,492	-7,036	-6,327	-2,667	-1,269	-1,532	-3,317	-4,119	2,406	2,838	1,779	488	721	-522	911	462	-71	5	-1,000	-2,602	-1,572	-1,187	2,135	2,797	3,620	3,159	3,156	3,315	3,037	2,063	1,305	1,137	3,139	2,646	2,171	2,090	2,660	1,407	1,765	1,279	-401	212	1,720	1,054	424	-319	152	-44	-289	-1,133	-985	-899	-740	-352	-923	6	204	-812	1,295	881	798	1,795	1,466	1,741	1,647	1,137	-133	50	812	160	-113	-667	-2,141	-2,968	-2,952	-2,700	0	0	0	0	0	1,500	0	0	2,000	1,200	200	800	1,000
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
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	831	829	829	829	829	828	828	827	827	825	825	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	97,268	97,063	96,897	96,785	96,752	96,619	96,443	96,100	95,951	95,717	95,388	95,108	49,778	49,644	49,471	49,052	48,741	48,559	48,322	48,087	47,815	47,548	47,431	47,467	47,645	47,678	47,682	47,576	35,430	35,390	35,351	35,310	35,268	35,239	35,206	35,143	35,091	35,050	35,010	34,991	34,949	34,912	24,737	24,728	24,696	24,686	24,660	24,647	24,603	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	66,120	54,146	33,089	29,015	31,866	40,877	109,666	166,026	206,681	219,933	205,173	210,499	111,693	124,440	83,376	38,418	15,415	20,915	18,472	19,874	18,348	17,368	16,107	12,142	16,697	14,315	16,403	19,842	17,174	33,133	12,615	8,963	10,010	11,716	20,442	19,627	12,376	13,263	15,378	8,749	7,863	27,414	27,297	15,945	12,295	35,339	24,396	20,241	21,423	38,049	43,482	19,534	13,625	16,753	31,542	22,617	14,355	9,049	7,554	15,011	6,480	9,351	9,715	8,316	9,064	8,874	12,962	8,745	9,517	9,589	10,688	9,352	9,816	9,887	12,014	7,215	7,606	10,391	9,734	8,458	9,174	12,666	12,258	11,213	9,809	14,105	119,121	6,503	9,756	10,644	6,903	6,435	9,144	10,008	6,858	7,099	8,800	13,000	9,700	7,400	12,600	18,600	12,500	9,500	10,900	0	0	0	0	0
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
Cash And Short Term Investments	-28,533	434,645	436,710	447,260	450,793	468,164	550,543	600,950	613,463	581,921	538,809	485,723	338,279	321,876	280,111	235,416	225,620	232,114	256,555	260,495	261,625	264,885	275,549	278,004	297,818	300,021	317,070	315,643	319,738	343,259	142,336	152,911	148,861	165,021	171,746	175,301	168,771	171,964	170,303	164,914	165,995	178,318	178,047	164,543	157,685	35,339	24,396	20,241	21,423	38,049	43,482	19,534	13,625	16,753	31,542	22,617	14,355	9,049	7,554	15,011	6,480	9,351	9,715	8,316	9,064	8,874	12,962	8,745	9,517	9,589	10,688	9,352	9,816	9,887	12,014	7,215	7,606	10,391	9,734	8,458	9,174	12,666	12,258	11,213	9,809	14,105	119,121	6,503	9,756	10,644	6,903	6,435	9,144	10,008	6,858	7,099	8,800	13,000	9,700	7,400	12,600	18,600	12,500	9,500	10,900	0	0	0	0	0
Common Stock	831	829	829	829	829	828	828	827	827	825	825	824	824	821	634	634	634	632	630	630	630	628	627	626	626	625	416	416	416	416	373	373	373	372	372	372	372	371	371	371	371	371	371	371	337	337	337	337	337	337	337	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	270	270	270	270	270	270	270	270	270	270	270	270	180	180	180	180	180	180	180	180	180	180	180	180	200	0	0	0	0	0	0	0	0	100	100	100	100	100
Common Stock Shares Outstanding	8,396	8,033	8,075	8,148	8,211	8,187	8,168	8,196	8,195	8,207	8,205	8,214	8,228	8,059	6,317	6,323	6,309	6,309	6,315	6,309	6,225	6,304	6,275	6,279	5,233	6,257	6,286	6,253	6,284	6,120	5,524	5,518	4,800	5,553	5,556	5,566	5,504	5,478	5,448	5,456	5,453	5,431	5,409	6,045	5,476	5,418	5,400	6,561	5,438	5,455	4,897	4,565	4,559	4,586	4,557	4,562	4,579	4,582	4,554	4,546	4,544	4,561	4,572	4,604	4,676	4,656	4,710	4,733	4,739	4,738	4,683	4,914	4,999	4,938	5,009	4,682	4,726	4,667	4,649	4,620	4,728	4,597	4,628	4,607	4,516	4,476	4,509	4,457	4,426	4,442	4,401	4,342	4,358	4,426	4,288	4,354	4,532	4,553	4,576	4,626	4,631	4,628	4,628	4,628	13,418	13,975	13,975	12,278	4,310	4,350
Common Stock Total Equity	0	0	829	829	829	828	828	827	827	825	825	824	824	821	634	634	634	632	630	630	630	628	627	626	626	625	416	416	416	416	373	373	373	372	372	372	372	371	371	371	371	371	371	371	337	337	337	337	337	337	337	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	284	270	270	270	270	270	270	270	270	270	270	270	270	180	180	180	180	180	180	180	180	180	180	180	180	200	0	0	0	0	0	0	0	0	100	100	100	100	100
Current Deferred Revenue	-10,510	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	268,401	224,474	215,426	215,184	245,503	250,044	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,266	29,266	29,266	29,266	29,266	29,266	29,266	29,266	29,266	29,266	29,266	29,290	29,290	30,213	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,331	11,679	11,679	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,715	9,483	9,483	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	221	240	260	283	306	329	353	380	407	434	461	495	530	565	191	212	235	257	280	307	336	364	394	427	462	496	531	571	612	652	237	260	285	309	334	361	389	418	446	477	510	543	575	610	647	684	720	760	800	840	881	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	20,410	-62,195	-40,752	-35,994	-39,129	-47,526	1,271,203	590	1,742	1,876	844	844	965	965	965	1,077	1,556	1,572	1,677	1,792	1,115	1,209	1,386	1,436	1,661	4,243	4,523	4,703	5,302	5,386	5,414	2,855	2,847	1,345	1,382	1,698	3,726	4,962	4,293	1,364	1,009	993	1,297	1,099	852	659	1,268	1,143	2,910	3,355	1,755	948	748	748	382	392	392	562	798	768	660	660	1,200	0	0	0	0	0	0	0	24	0	0	0	0	0	0	0	0	22	0	11	11	11	21	513	287	11	54	115	27	27	27	27	83	110	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	2,203,684	2,179,998	2,141,765	2,104,363	2,047,070	2,018,870	2,066,384	2,077,698	2,068,504	2,053,691	2,025,564	2,009,836	1,851,864	1,842,107	1,354,541	1,242,291	1,230,610	1,215,856	1,222,528	1,203,595	1,184,559	1,156,748	1,150,593	1,127,037	1,132,916	1,131,953	1,127,313	1,111,615	1,111,183	1,125,057	767,829	760,104	750,505	749,329	751,521	734,359	711,635	718,213	716,862	703,234	711,234	703,771	697,606	680,753	672,299	698,697	684,867	685,529	668,814	678,881	703,795	530,926	537,005	534,557	546,580	526,517	529,696	514,867	508,495	511,424	504,296	498,635	491,909	483,967	480,610	472,866	474,018	461,383	454,356	453,170	455,159	434,130	433,556	425,611	422,555	413,188	411,626	398,571	399,923	383,894	387,483	392,717	382,601	370,628	367,468	377,615	356,955	347,386	346,029	350,282	339,523	320,888	326,731	325,566	320,525	315,496	314,800	306,500	296,300	278,800	279,000	276,800	273,900	264,200	263,300	267,800	262,200	258,400	260,600	248,900
Long Term Debt	69,830	137,447	99,687	40,189	40,000	71,754	74,839	26,844	29,998	33,136	36,259	39,366	42,459	46,438	50,823	51,350	56,438	35,906	44,024	47,955	26,050	24,756	26,924	33,093	35,945	31,771	25,330	28,877	32,001	8,248	36,579	28,856	41,126	29,162	37,211	27,807	22,200	22,592	22,983	23,373	23,761	19,956	20,150	25,343	22,487	27,533	27,579	27,625	27,670	27,716	42,761	35,000	38,000	38,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	23,000	23,000	23,000	23,000	23,000	23,000	13,000	18,000	35,000	23,000	23,000	23,000	23,000	23,000	24,000	23,000	23,000	23,000	23,633	23,000	23,000	23,000	24,000	23,000	23,000	23,000	25,395	25,000	28,000	28,000	29,000	33,000	28,000	29,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	8,248	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	406,259	380,499	403,621	418,245	418,927	427,287	440,877	434,924	406,782	361,988	333,636	1,407,059	1,397,582	1,402,988	196,735	919,477	916,072	897,177	879,445	855,849	841,730	810,917	795,447	767,582	756,458	748,254	727,607	712,542	707,426	700,035	575,422	558,145	552,627	537,789	532,923	512,954	495,260	495,193	496,705	490,464	497,563	481,583	475,139	473,110	471,381	474,332	473,818	473,635	452,620	449,658	459,549	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	136,205	187,182	178,888	119,729	50,398	30,877	35,600	-75,560	-115,861	-108,551	-85,315	-98,216	-5,931	-8,708	22,651	53,588	103,279	67,769	73,646	65,905	86,982	72,101	57,501	50,856	61,778	64,685	51,119	37,418	47,638	42,565	62,064	82,565	84,351	58,992	50,611	38,761	35,519	54,033	45,614	54,997	65,812	31,008	24,928	31,257	38,889	24,580	30,375	23,238	28,041	21,643	31,460	40,931	57,684	45,777	35,836	42,164	54,448	53,504	60,042	57,401	74,646	67,224	55,345	42,690	40,622	36,754	29,185	34,241	4,483	23,497	37,999	33,413	31,748	24,628	21,914	40,741	38,376	23,803	28,306	23,618	26,685	20,259	18,331	19,738	22,207	24,064	-86,113	23,054	21,885	20,175	30,508	28,123	26,716	32,194	38,743	29,655	29,800	21,700	20,200	7,500	-2,800	-11,700	3,800	-300	-3,900	9,500	12,000	11,300	3,200	3,900
Net Invested Capital	325,306	406,030	385,401	325,159	300,300	71,754	74,839	277,272	296,082	313,990	320,357	307,390	237,244	306,279	248,691	234,193	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,123	7,759	7,276	6,633	6,917	6,303	6,085	5,876	5,889	6,049	6,190	6,317	6,232	6,104	4,383	3,669	3,719	3,726	3,979	4,089	3,776	3,792	3,672	3,687	3,716	3,729	3,417	3,532	3,643	3,541	2,289	2,487	2,363	2,499	2,340	2,329	2,339	2,367	2,405	2,330	2,422	2,373	2,488	2,456	2,393	2,589	2,416	2,690	2,468	2,758	2,539	2,191	2,166	2,342	2,113	2,414	2,200	2,315	2,117	2,314	2,179	2,394	2,221	2,409	2,343	2,417	2,298	2,175	2,129	2,086	1,964	1,979	1,812	1,888	1,715	1,800	1,641	1,667	1,638	1,724	1,783	1,775	1,644	1,687	1,799	1,848	1,821	1,926	1,879	2,033	2,002	1,885	1,983	1,962	1,742	1,745	1,600	1,600	1,400	1,500	1,400	1,400	1,400	1,400	1,400	0	0	0	0	0
Net Tangible Assets	0	0	143,898	146,866	137,513	129,254	144,212	157,160	175,589	172,908	170,772	165,322	164,965	159,769	131,142	130,644	125,862	123,306	119,872	115,134	110,618	104,985	103,808	102,080	103,946	105,865	104,305	101,050	99,136	103,369	94,639	92,723	90,998	91,916	89,869	90,375	88,937	87,274	86,041	84,008	81,639	81,088	80,170	82,595	82,059	81,552	79,806	78,386	77,546	76,590	74,271	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,497,910	329,918	324,595	340,635	412,793	401,288	1,873,501	542,044	557,327	1,565,052	1,559,842	1,612,892	1,512,740	1,524,281	1,074,214	976,128	960,428	923,741	907,852	896,890	898,374	829,214	820,746	804,248	806,460	773,102	758,697	761,547	749,265	754,787	582,837	546,194	574,553	536,955	548,783	530,441	511,741	496,875	505,920	488,325	521,142	495,644	496,075	491,525	479,109	499,186	493,642	501,739	477,271	481,587	499,660	474,286	-19,054	482,879	477,464	470,238	-11,305	474,997	466,053	452,295	-31,714	445,281	430,704	440,075	-18,477	433,173	427,623	-12,468	7,752	-5,688	-2,795	-10,060	-8,627	-1,109	1,652	-17,129	-14,935	-272	-4,726	-110	-3,211	3,068	4,951	3,352	938	-915	109,338	-337	2,668	4,361	-2,788	-1,097	139	307	-11,286	-1,412	-600	5,000	1,200	-4,400	3,900	13,200	-2,300	1,300	4,900	0	0	0	0	0
Non Current Assets Total	2,129,344	427,259	450,510	465,454	466,423	474,309	487,528	481,592	453,744	409,052	380,661	322,657	274,220	246,338	222,297	222,612	235,999	236,714	263,574	266,424	268,790	273,009	285,061	291,428	306,778	310,455	325,482	320,776	328,038	336,074	146,001	160,313	155,323	169,832	167,908	172,382	173,233	175,659	171,996	173,563	175,656	168,586	168,419	166,287	163,251	165,663	162,698	166,603	168,428	163,829	170,481	4,798	150,889	5,012	5,061	5,126	136,474	5,258	5,297	5,413	136,317	5,601	5,702	5,668	130,434	5,764	5,853	119,487	119,886	118,845	120,852	123,120	122,659	121,476	120,268	130,068	128,146	122,422	127,761	127,737	136,167	139,259	132,195	122,547	127,033	119,822	6,335	103,745	109,456	105,490	101,457	93,419	93,331	92,687	96,511	94,292	93,100	92,200	89,100	77,300	77,000	69,000	71,900	68,900	64,800	100	0	0	0	0
Non Current Liabilities Other	0	0	17,266	18,566	16,390	18,046	16,746	17,489	14,426	15,838	14,804	15,888	14,331	17,712	0	15,043	14,527	15,222	14,695	14,172	8,358	9,180	9,102	8,596	7,884	10,072	10,211	9,081	8,838	10,375	3,409	4,462	3,280	4,332	3,948	4,359	3,789	4,197	4,017	4,239	3,491	4,230	3,734	3,917	3,027	3,775	4,363	5,664	4,201	4,274	4,456	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	450,364	137,447	99,687	113,258	44,917	73,179	74,839	26,844	29,998	33,136	36,259	39,366	42,459	46,438	50,823	51,350	56,438	35,906	44,024	47,955	52,284	36,649	30,283	33,093	35,945	31,771	25,330	28,877	32,001	42,542	36,579	38,856	41,126	29,162	37,211	27,807	22,200	22,592	22,983	23,373	23,761	19,956	20,150	25,343	22,487	27,533	27,579	27,625	27,670	27,716	42,761	35,000	38,000	38,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	43,000	23,000	23,000	23,000	23,000	23,000	23,000	13,000	18,000	35,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	25,000	25,000	28,000	28,000	28,000	33,000	28,000	29,000	30,000	27,000	22,000	4,000	2,000	2,000	2,000	2,000	2,000	230,100	223,200	220,900	231,200	219,400
Non Currrent Assets Other	2,008,025	-25,610	-23,301	-22,164	-26,154	-474,309	71,896	65,206	-424,071	57,984	-350,934	-292,872	-244,400	-215,560	915,739	804,300	765,649	744,150	702,685	678,878	650,368	-6,268	-5,885	-5,622	524,604	-8,304	-8,181	-8,923	-348	-5,560	-2,222	-3,456	443,958	-3,345	-4,071	-3,308	367,292	-3,691	-3,764	-4,294	367,161	354,494	348,652	347,467	348,970	347,467	350,637	347,506	326,232	328,511	333,289	-143,274	-150,889	-139,477	-141,414	-125,821	-136,474	-127,057	-123,309	-124,929	-136,317	-128,993	-131,517	-131,339	-130,434	-119,441	-117,254	-119,487	-119,886	-118,845	-120,852	-123,120	-122,659	-121,476	-120,268	-130,068	-128,146	-122,422	-127,761	-127,737	-136,167	-139,259	-132,195	-122,547	-127,033	-119,822	-6,335	-103,745	-109,456	-105,490	-101,457	-93,419	-93,331	-92,687	-96,511	-94,292	-93,100	-92,200	-89,100	-77,300	-77,000	-69,000	-71,900	-68,900	-64,800	-7,500	-7,900	-7,900	-7,800	-7,500
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
Other Assets	0	1,310,335	1,247,269	1,185,016	1,122,937	1,070,094	-365,072	989,280	995,408	2,053,691	2,025,564	2,009,836	1,851,864	1,842,107	1,354,541	1,242,291	1,466,609	1,452,570	1,486,102	1,470,019	1,453,349	1,429,757	1,435,654	1,418,465	1,439,694	1,442,408	1,452,795	1,432,391	1,439,221	1,461,131	913,830	920,417	905,828	919,161	919,429	906,741	884,868	893,872	888,858	876,797	886,890	872,357	866,025	847,040	835,550	864,360	847,565	852,132	837,242	842,710	874,276	25,035	370,325	20,484	38,060	27,792	376,667	12,694	10,339	22,360	359,320	11,859	10,757	7,597	338,769	8,711	18,593	330,976	322,824	322,650	321,655	299,679	299,269	292,360	288,558	274,105	274,233	264,091	260,790	245,975	240,359	239,017	236,504	235,181	228,827	241,840	229,678	235,212	224,938	232,115	229,161	219,149	222,273	220,909	215,414	212,360	211,300	199,700	196,100	192,600	188,000	187,800	188,100	184,400	186,200	267,700	262,200	258,400	260,600	248,900
Other Current Assets	74,340	62,195	40,752	35,994	39,129	47,526	116,097	5,876	1,146,992	1,056,669	1,099,904	1,195,139	1,233,133	1,267,789	847,750	780,594	765,272	743,302	698,420	672,587	650,368	615,062	586,311	553,918	524,604	517,748	481,344	471,664	459,764	442,183	477,203	444,393	443,958	411,977	409,527	384,347	367,292	368,223	372,158	362,427	367,161	354,494	348,652	347,467	348,970	495,106	495,357	495,995	476,495	474,245	487,293	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	1,454,874	-112,486	-119,391	-113,258	-44,917	-73,179	-1,138	1,781,777	-1,203	-1,341	-1,462	-1,370	-1,601	-2,194	0	990,160	-30,505	974,433	981,224	974,415	-37,457	939,714	950,889	940,149	-24,286	924,022	932,471	931,413	-33,880	922,244	584,259	560,491	-33,563	571,353	575,614	570,206	-26,661	548,338	554,714	540,076	-36,500	548,698	550,150	535,632	524,425	541,590	534,157	546,192	525,767	526,513	538,289	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Liab	0	0	11,548	0	10,731	18,046	16,746	17,489	14,426	15,838	14,804	15,888	14,331	12,628	11,653	9,818	9,211	9,922	9,395	8,872	8,358	9,180	9,102	10,052	9,318	11,239	11,153	9,990	9,907	11,415	4,300	5,387	4,237	5,328	4,936	5,314	4,755	5,172	4,954	5,212	4,513	5,305	4,771	4,999	4,269	5,237	5,698	6,997	5,522	5,763	5,929	4,766	4,133	4,932	4,673	4,977	4,949	5,715	5,645	8,446	4,845	5,389	5,647	5,234	5,105	4,965	4,993	5,304	8,286	4,419	3,813	3,361	3,281	3,218	2,863	2,689	1,314	1,644	1,106	2,332	2,124	2,497	3,087	3,200	3,475	3,978	3,908	4,085	4,349	5,422	5,372	5,964	6,542	5,757	5,163	5,889	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	92,303	91,492	91,261	92,122	93,589	93,343	93,819	94,859	94,676	94,677	95,295	95,061	95,046	94,639	49,309	49,244	49,071	48,597	48,286	48,104	48,241	47,899	47,627	47,360	47,354	47,126	47,623	47,585	47,557	46,668	34,504	34,403	34,725	34,416	34,271	34,193	34,129	33,470	33,213	33,158	33,297	32,837	32,650	32,567	22,545	21,989	21,957	21,855	22,101	22,243	22,199	7,479	7,629	7,378	7,310	7,167	7,642	7,362	7,008	6,707	6,729	6,681	6,793	6,967	7,451	7,966	8,292	8,677	8,866	8,877	8,792	4,701	5,015	5,077	5,076	5,264	5,187	4,976	4,853	4,691	4,638	4,507	4,183	4,048	4,122	5,729	4,865	3,561	3,671	4,396	3,644	3,313	2,749	1,271	435	445	700	1,700	2,200	4,000	4,500	4,300	2,600	4,000	3,800	1,300	1,700	2,100	1,700	1,600
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	38,207	0	0	0	37,814	0	0	0	0	0	17,298	17,648	17,814	18,124	14,040	14,071	14,228	13,927	13,880	14,165	13,846	13,797	13,894	13,808	13,864	12,922	12,953	13,073	13,531	13,617	6,328	6,390	6,472	6,503	6,555	6,632	6,734	6,825	6,910	7,031	7,125	7,250	7,206	7,191	7,326	7,453	7,371	7,468	7,479	7,601	7,672	4,798	4,904	5,012	5,061	5,126	5,189	5,258	5,297	5,413	5,490	5,601	5,702	5,668	5,742	5,764	5,853	5,935	6,020	5,489	5,457	5,508	5,393	5,454	5,434	5,475	5,489	5,602	5,559	5,556	5,596	5,629	5,740	5,861	5,986	6,134	6,122	5,954	6,037	6,017	6,116	6,234	6,201	6,288	6,305	6,587	6,700	6,900	6,900	7,000	7,100	7,500	7,100	7,200	7,300	7,500	7,900	7,900	7,800	7,500
Property Plant And Equipment Net	21,744	17,254	17,363	17,660	17,924	17,427	17,032	17,022	17,289	17,364	17,298	17,648	17,814	18,124	14,040	14,071	14,228	13,927	13,880	14,165	13,846	13,797	13,894	13,808	13,864	12,922	12,953	13,073	13,531	13,617	6,328	6,390	6,472	6,503	6,555	6,632	6,734	6,825	6,910	7,031	7,125	7,250	7,206	7,191	7,326	7,453	7,371	7,468	7,479	7,601	7,672	4,798	4,904	5,012	5,061	5,126	5,189	5,258	5,297	5,413	5,490	5,601	5,702	5,668	5,742	5,764	5,853	5,935	6,020	5,489	5,457	5,508	5,393	5,454	5,434	5,475	5,489	5,602	5,559	5,556	5,596	5,629	5,740	5,861	5,986	6,134	6,122	5,954	6,037	6,017	6,116	6,234	6,201	6,288	6,305	6,587	6,700	6,900	6,900	7,000	7,100	7,500	7,100	7,200	7,300	7,500	7,900	7,900	7,800	7,500
Property Plant Equipment	0	0	17,750	18,006	18,270	17,427	17,032	17,022	17,289	17,364	17,298	18,492	18,779	19,089	14,040	15,148	15,784	15,499	15,557	15,957	14,961	15,006	15,280	15,244	15,525	17,165	17,476	17,776	18,833	19,003	11,742	9,245	9,319	7,848	7,937	8,330	10,460	11,787	11,203	8,395	8,134	8,243	8,503	8,290	8,178	8,112	8,639	8,611	10,389	10,956	9,427	4,798	4,904	5,012	5,061	5,126	5,189	5,258	5,297	5,413	5,490	5,601	5,702	5,668	5,742	5,764	5,853	5,935	6,020	5,489	5,457	5,508	5,393	5,454	5,434	5,475	5,489	5,602	5,559	5,556	5,596	5,629	5,740	5,861	5,986	6,134	6,122	5,954	6,037	6,017	6,116	6,234	6,201	6,288	6,305	6,587	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	135,284	137,363	135,583	133,427	130,020	125,243	119,414	114,845	110,015	105,668	100,818	97,201	93,796	90,422	87,939	88,032	86,536	84,522	82,127	80,115	78,434	76,645	74,315	72,179	70,426	9,947	69,660	68,268	67,225	66,210	66,876	66,143	65,412	66,431	65,797	64,975	64,078	63,637	62,613	61,671	60,798	59,710	58,626	57,847	66,742	66,005	64,788	63,513	62,308	61,296	60,036	59,507	58,648	57,642	56,526	55,481	54,455	53,430	52,402	51,394	50,398	49,550	48,642	47,603	47,030	46,046	44,877	43,946	43,125	42,187	41,249	44,497	43,722	42,840	41,837	40,984	40,222	39,338	38,467	37,790	37,042	36,260	35,485	34,779	34,082	33,367	32,589	31,921	31,265	30,515	29,756	29,075	28,441	27,767	27,292	26,368	25,800	25,100	24,400	23,800	23,200	22,600	22,000	21,400	20,800	20,300	19,700	19,200	18,900	18,600
Retained Earnings Total Equity	0	0	135,583	131,416	130,020	125,243	119,414	114,845	110,015	105,668	100,818	97,201	93,796	90,422	0	88,032	86,536	84,522	82,127	80,115	78,434	76,645	74,315	72,179	70,426	71,210	69,660	68,268	67,225	66,210	66,876	66,143	65,412	66,431	65,797	64,975	64,078	63,637	62,613	61,671	60,798	59,710	58,626	57,847	66,742	66,005	64,788	63,513	62,308	61,296	60,036	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	74,406	103,881	112,290	108,555	93,215	71,754	70,427	63,622	60,822	78,246	83,599	72,917	63,303	69,294	55,204	40,656	31,751	52,778	48,094	37,824	26,234	11,893	3,359	4,818	874	1,215	67,522	57,260	64,812	67,450	74,679	91,528	94,361	0	0	0	7,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	202,325	241,328	211,977	148,744	82,264	71,754	145,266	90,466	90,820	111,382	119,858	112,283	105,762	115,732	106,027	92,006	118,694	88,684	92,118	85,779	105,330	89,469	73,608	62,998	78,475	79,000	67,522	57,260	64,812	75,698	74,679	91,528	94,361	70,708	71,053	58,388	47,895	67,296	60,992	63,746	73,675	58,422	52,225	47,202	51,184	59,919	54,771	43,479	49,464	59,692	74,942	60,465	71,309	62,530	67,378	64,781	68,803	62,553	67,596	72,412	81,126	76,575	65,060	51,006	49,686	45,628	42,147	42,986	14,000	33,086	48,687	42,765	41,564	34,515	33,928	47,956	45,982	34,194	38,040	32,076	35,859	32,925	30,589	30,951	32,016	38,169	33,008	29,557	31,641	30,819	37,411	34,558	35,860	42,202	45,601	36,754	38,600	34,700	29,900	14,900	9,800	6,900	16,300	9,200	7,000	9,500	12,000	11,300	3,200	3,900
Short Term Debt	117,376	103,881	112,290	108,555	42,264	71,754	70,427	63,622	60,822	78,246	83,599	72,917	63,303	69,294	55,204	40,656	62,256	52,778	48,094	37,824	53,046	52,820	43,325	29,905	42,530	47,229	42,192	28,383	32,811	33,156	38,100	52,672	53,235	41,546	33,842	30,581	25,695	44,704	38,009	40,373	49,914	38,466	32,075	21,859	28,697	32,386	27,192	15,854	21,794	31,976	32,181	25,465	33,309	24,530	24,378	21,781	25,803	19,553	24,596	29,412	38,126	33,575	42,060	28,006	26,686	22,628	19,147	19,986	1,000	15,086	13,687	19,765	18,564	11,515	10,928	24,956	22,982	11,194	15,040	9,076	12,859	9,925	7,589	7,951	9,016	15,169	10,008	6,557	6,641	5,819	9,411	6,558	7,860	9,202	17,601	7,754	8,600	7,700	7,900	10,900	7,800	4,900	14,300	7,200	5,000	9,500	12,000	11,300	3,200	3,900
Short Term Investments	406,259	380,499	403,621	418,245	418,927	427,287	440,877	434,924	406,782	361,988	333,636	275,224	226,586	197,436	196,735	196,998	210,205	211,199	238,083	240,621	243,277	247,517	259,442	265,862	281,121	285,706	300,667	295,801	302,564	310,126	129,721	143,948	138,851	153,305	151,304	155,674	156,395	158,701	154,925	156,165	158,132	150,904	150,750	148,598	145,390	147,639	144,720	148,489	150,263	145,734	152,275	143,104	10,843	139,308	141,245	125,653	10,857	126,349	122,601	124,222	17	128,287	130,811	130,633	50	118,736	116,299	0	67	0	0	0	70	0	0	0	13,178	0	0	0	64	0	0	0	6,665	0	0	0	7,691	0	0	0	2,703	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
Total Assets	2,203,684	2,179,998	2,141,765	2,104,363	2,047,070	2,018,870	2,066,384	2,077,698	2,068,504	2,053,691	2,025,564	2,009,836	1,851,864	1,842,107	1,354,541	1,242,291	1,230,610	1,215,856	1,222,528	1,203,595	1,184,559	1,156,748	1,150,593	1,127,037	1,132,916	1,131,953	1,127,313	1,111,615	1,111,183	1,125,057	767,829	760,104	750,505	749,329	751,521	734,359	711,635	718,213	716,862	703,234	711,234	703,771	697,606	680,753	672,299	698,697	684,867	685,529	668,814	678,881	703,795	530,926	537,005	534,557	546,580	526,517	529,696	514,867	508,495	511,424	504,296	498,635	491,909	483,967	480,610	472,866	474,018	461,383	454,356	453,170	455,159	434,130	433,556	425,611	422,555	413,188	411,626	398,571	399,923	383,894	387,483	392,717	382,601	370,628	367,468	377,615	356,955	347,386	346,029	350,282	339,523	320,888	326,731	325,566	320,525	315,496	314,800	306,500	296,300	278,800	279,000	276,800	273,900	264,200	263,300	267,800	262,200	258,400	260,600	248,900
Total Current Assets	74,340	442,404	443,986	453,893	457,710	474,467	1,943,928	606,826	619,352	1,644,639	1,644,903	1,687,179	1,577,644	1,595,769	1,132,244	1,019,679	994,611	979,142	958,954	937,171	915,769	883,739	865,532	835,609	826,138	821,498	801,831	790,839	783,145	788,983	621,828	599,791	595,182	579,497	583,613	561,977	538,402	542,554	544,866	529,671	535,578	535,185	529,187	514,466	509,048	533,034	522,169	518,926	500,386	515,052	533,314	501,093	15,791	509,061	503,459	493,599	16,555	496,915	492,859	483,651	8,659	481,175	475,450	470,702	11,407	458,391	449,572	10,920	11,646	11,675	12,652	11,331	11,628	11,775	13,729	9,015	9,247	12,058	11,372	10,182	10,957	14,441	13,902	12,900	11,608	15,953	120,942	8,429	11,635	12,677	8,905	8,320	11,127	11,970	8,600	8,844	10,400	14,600	11,100	8,900	14,000	20,000	13,900	10,900	12,300	0	0	0	0	0
Total Current Liabilities	1,572,250	112,486	119,391	113,258	44,917	73,179	70,427	64,782	62,025	79,587	85,061	74,287	64,904	71,488	58,030	43,551	34,183	55,401	51,102	40,281	17,395	54,525	44,786	31,361	19,678	48,396	43,134	29,292	33,880	34,196	38,991	53,597	20,629	42,542	34,830	31,536	26,661	45,679	38,946	41,346	14,436	39,541	33,112	22,941	29,939	33,848	28,527	17,187	23,115	33,465	33,654	26,807	34,845	26,182	25,995	23,361	27,860	21,918	26,806	31,356	40,373	35,894	44,746	30,627	29,884	25,218	21,949	23,388	3,894	17,363	15,447	21,391	20,255	12,884	12,077	26,144	24,182	12,330	16,098	10,292	14,168	11,373	8,951	9,548	10,670	16,868	11,604	8,766	8,967	8,316	11,693	9,417	10,988	11,663	19,886	10,256	11,000	9,600	9,900	13,300	10,100	6,800	16,200	9,600	7,400	11,500	13,800	13,400	5,400	5,600
Total Liab	2,022,614	2,015,296	1,968,341	1,927,948	1,879,985	1,860,021	1,892,553	1,890,892	1,863,242	1,851,083	1,825,065	1,814,729	1,657,079	1,651,560	1,211,877	1,100,104	1,093,182	1,080,962	1,091,045	1,076,823	1,062,274	1,040,068	1,035,060	1,013,199	1,017,177	1,014,261	1,011,146	998,663	1,000,104	1,009,357	663,238	657,406	649,507	647,389	651,603	633,908	612,594	620,806	620,660	609,034	619,370	612,425	607,146	587,833	579,878	606,746	594,626	596,668	580,753	591,968	619,160	462,351	469,307	466,114	479,814	461,414	465,225	451,131	447,394	451,274	445,606	442,521	435,978	427,393	424,791	418,146	420,884	408,324	402,125	402,111	405,967	385,633	385,448	378,164	375,724	367,593	365,941	353,783	357,145	339,848	344,652	350,882	340,868	330,065	327,343	338,339	319,321	311,724	310,913	315,191	305,943	288,320	295,361	296,348	292,618	288,503	288,100	279,700	269,700	251,000	251,300	249,900	247,800	238,800	238,700	244,100	239,500	236,800	239,100	227,600
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	181,070	164,702	173,424	176,415	167,085	158,849	173,831	186,806	205,262	202,608	200,499	195,107	194,785	190,547	142,664	142,187	137,428	134,894	131,483	126,772	122,285	116,680	115,533	113,838	115,739	117,692	116,167	112,952	111,079	115,700	104,591	102,698	100,998	101,940	99,918	100,451	99,041	97,407	96,202	94,200	91,864	91,346	90,460	92,920	92,421	91,951	90,241	88,861	88,061	86,913	84,635	68,575	67,698	68,443	66,766	65,103	64,471	63,736	61,101	60,150	58,690	56,114	55,931	56,574	55,819	54,720	53,134	53,059	52,231	51,059	49,192	48,497	48,108	47,447	46,831	45,595	45,685	44,788	42,778	44,046	42,831	41,835	41,733	40,563	40,125	39,276	37,634	35,662	35,116	35,091	33,580	32,568	31,370	29,218	27,907	26,993	26,700	26,800	26,600	27,800	27,700	26,900	26,100	25,400	24,600	23,700	22,700	21,600	21,500	21,300
Treasury Stock	0	0	-6,007	-2,930	-3,308	-3,442	-2,933	-1,760	-1,767	-1,423	-656	-656	-342	-469	-469	-400	-400	-455	-455	-455	-81	-188	-188	-188	-77	-341	-22	-93	-125	-908	-926	-987	-626	-894	-997	-1,046	-1,077	-1,673	-1,878	-1,892	-1,713	-2,154	-2,299	-2,345	-2,192	-2,739	-2,739	-2,831	-2,559	-2,404	-2,404	-2,388	-2,197	-2,437	-2,467	-2,620	-2,122	-2,420	-2,871	-3,286	-3,243	-3,272	-3,250	-3,152	-2,708	-2,237	-1,863	-1,556	-1,283	-1,246	-1,205	-1,029	-633	-468	-449	-157	-149	-204	-228	-310	-295	-328	-593	-666	-640	-640	-1,023	-1,020	-1,066	-1,077	-1,160	-1,213	-1,213	-1,214	-1,214	-1,214	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

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
Begin Period Cash Flow	31,866	206,681	111,693	15,415	18,348	16,697	17,174	10,010	12,376	7,863	12,295	21,423	16,625	17,355	6,480	9,064	9,517	9,816	20,666	9,174	16,244	17,336	11,694	10,798	12,600	10,900	15,100	6,448	6,919
Capital Expenditures	3,912	2,153	1,258	749	1,623	873	1,633	511	290	193	393	417	175	179	248	325	287	1,066	446	445	-390	572	445	351	300	400	200	1,363	587
Cash And Cash Equivalents Changes	0	-174,815	94,988	96,278	-2,933	1,651	-477	7,164	-2,366	4,513	-4,432	-9,128	4,798	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-3,476	-1,785	-8,879	-562	-309	3,745	330	540	233	1,106	730	1,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	34,254	-174,815	94,988	96,278	-2,933	1,651	-477	7,164	-2,366	4,513	-4,432	-9,128	4,798	-730	10,875	-2,584	-453	-299	-10,850	11,492	-7,070	-1,092	5,642	896	-1,800	9,200	-1,900	8,661	-472
Change In Working Capital	3,908	422	-55	-2,093	683	312	292	363	-452	468	932	-16	1,609	146	-1,463	-882	-3,619	5,680	-150	706	745	653	-698	406	-100	-200	300	339	818
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,206	-1,028	343	-1,087	57	-60	-73	346	113	233	759	1,274	2,272	989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	54	113	150	67	211	271	307	481	15	23	147	64	67	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	1,450	-398	-1,006	626	372	365	17	-565	235	173	-1,290	-663	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	870	3,333	5,920	1,605	852	556	1,784	3,023	853	1,159	1,585	668	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	1,450	-398	-1,006	626	372	365	17	-9	-57	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,460	1,571	1,604	1,436	1,106	1,021	1,072	848	656	693	731	723	639	511	598	629	731	856	1,018	596	1,194	1,028	791	790	900	900	1,000	522	640
Dividends Paid	9,417	9,158	8,539	7,263	6,041	5,509	5,386	4,714	4,527	4,370	4,155	3,932	3,514	3,093	2,967	2,740	2,559	2,289	1,916	1,795	1,662	1,494	1,341	1,129	900	800	700	716	677
End Period Cash Flow	66,120	31,866	206,681	111,693	15,415	18,348	16,697	17,174	10,010	12,376	7,863	12,295	21,423	16,625	17,355	6,480	9,064	9,517	9,816	20,666	9,174	16,244	17,336	11,694	10,800	20,100	13,200	15,109	6,448
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
Free Cash Flow	25,849	28,581	27,940	13,048	16,815	16,425	14,418	10,827	10,208	10,338	12,298	10,944	10,618	8,402	5,756	6,826	3,422	11,705	6,514	6,613	6,500	4,629	4,408	5,681	5,000	6,500	6,300	7,997	7,236
Investments	-151,806	-205,425	-130,666	-76,423	-38,959	-54,741	-30,816	-5,948	-50,264	3,764	-50,861	-17,253	25,912	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	130	127	123	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	42,395	-14,942	-12,932	13,364	26,855	13,663	-21,800	46,466	-25,780	22,491	1,720	-29,621	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	16,759	29,233	24,915	15,080	14,215	13,651	8,198	6,711	5,908	7,657	8,465	8,403	7,356	7,313	7,063	6,677	6,511	5,910	5,497	5,010	4,653	4,353	4,202	3,860	3,500	3,200	2,700	1,872	1,802
Other Cashflows From Financing Activities	197,626	44,116	219,194	175,058	51,597	58,432	42,967	26,294	47,962	-4,749	45,588	6,046	5	10,095	32,669	25,199	29,181	20,972	21,985	22,264	18,981	19,652	26,073	21,917	39,800	10,000	1,200	23,780	19,254
Other Cashflows From Investing Activities	0	-416	960	15,815	802	776	3,856	10,002	4,310	1,120	-1,403	421	5,328	100	1,467	0	0	64	12	42	0	0	0	0	0	0	0	0	0
Other Non Cash Items	6,221	-1,552	2,568	-2,012	949	1,848	3,525	2,510	4,652	1,610	2,261	1,697	1,123	653	421	632	278	658	743	1,635	1,288	884	2,255	1,309	1,200	1,800	1,400	5,855	4,782
Sale Purchase Of Stock	-3,100	-2,515	-1,440	-108	-428	-194	-1,587	-447	-127	-179	-319	-320	-602	-529	-68	0	0	0	0	0	0	0	0	0	0	0	0	-1,733	-561
Stock Based Compensation	830	641	549	536	497	442	235	160	121	154	162	130	170	163	134	59	-41	-225	-111	-808	-1,131	-558	-212	-35	-100	-100	-100	0	0
Total Cash From Financing Activities	120,998	2,445	196,754	143,838	18,409	39,191	12,065	-7,717	33,380	-10,709	35,534	-3,240	-37,060	1,629	17,477	17,459	21,622	8,683	15,069	20,469	17,319	16,158	16,732	5,788	36,900	9,200	-1,900	21,205	17,886
Total Cash From Operating Activities	29,761	30,734	29,198	13,797	18,438	17,298	16,051	11,338	10,498	10,531	12,691	11,361	10,793	8,581	6,004	7,151	3,709	12,771	6,960	7,058	6,500	5,201	4,853	6,032	5,300	6,900	6,500	9,360	7,823
Total Cashflows From Investing Activities	0	-207,994	-130,964	-61,357	-39,780	-54,838	-28,593	3,543	-46,244	4,691	-52,657	-17,249	31,065	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
Begin Period Cash Flow	54,146	33,089	29,015	31,866	40,877	109,666	166,026	206,681	219,933	205,173	210,499	111,693	124,440	83,376	38,418	15,415	20,915	18,472	19,874	18,348	17,368	16,107	12,142	16,697	14,315	16,403	19,842	17,174	33,133	12,615	8,963	10,010	11,716	20,442	19,627	12,376	13,263	15,378	8,749	7,863	27,414	27,297	15,945	12,295	35,339	24,396	20,241	21,423	38,049	45,211	19,534	16,625	19,753	34,542	25,617	17,355	12,049	7,554	18,011	6,480	9,801	9,715	8,316	9,064	8,874	18,902	11,875	9,517	11,114	24,303	9,352	9,816	12,182	17,304	7,215	20,666	11,001	17,609	14,833	9,174	16,066	19,308	21,893	16,244	37,670	22,738	23,998	17,336	24,629	18,613	8,135	11,694	12,358	6,858	8,554	10,798	13,100	9,700	-9,700	12,600	1,400	8,900	9,700	10,900	4,990	5,220	2,690	2,690	60	0
Capital Expenditures	916	228	177	91	858	758	432	105	449	435	167	207	210	165	250	124	567	299	197	560	275	131	307	160	1,149	329	111	44	174	216	66	55	106	85	62	37	48	66	26	53	22	192	165	14	23	222	42	130	40	72	59	4	4	70	51	54	55	93	29	71	36	46	179	64	118	49	61	59	627	126	75	238	87	139	101	119	22	181	146	96	-33	38	37	32	18	167	324	63	166	50	40	189	62	126	152	11	0	100	100	100	100	200	0	100	30	240	190	260	830	350
Cash And Cash Equivalents Changes	0	0	4,074	-2,851	-9,011	-68,789	-56,360	-40,655	-13,252	14,760	-5,326	98,806	-12,747	41,064	0	23,003	-5,500	2,443	-1,402	1,526	980	1,261	3,965	-4,555	2,382	-2,088	-3,439	2,668	-15,959	20,518	3,652	-1,047	-1,706	-8,726	815	7,251	-887	-2,115	6,629	886	-19,551	117	11,352	3,650	-23,044	10,943	4,155	-1,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,961	1,817	-3,002	-250	-1,481	1,257	-589	-258	-1,151	213	-3,700	1,737	0	85	-1,562	1,034	488	-522	-1,253	38	2,844	-1,938	2,214	-244	1,721	54	-1,566	2,872	-379	-597	878	-468	406	-276	213	275	171	-426	1,158	474	677	-1,203	-285	266	1,344	-595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,974	21,057	4,074	-2,851	-9,011	-68,789	-56,360	-40,655	-13,252	14,760	-5,326	98,806	-12,747	41,064	44,958	23,003	-5,500	2,443	-1,402	1,526	980	1,261	3,965	-4,555	2,382	-2,088	-3,439	2,668	-15,959	20,518	3,652	-1,047	-1,706	-8,726	815	7,251	-887	-2,115	6,629	886	-19,551	117	11,352	3,650	-23,044	10,943	4,155	-1,182	-16,626	-7,162	25,677	2,909	-3,128	-14,789	8,925	8,262	5,306	4,495	-10,457	11,531	-3,321	86	1,399	-748	190	-10,028	7,027	2,358	-1,597	-13,189	14,951	-464	-2,366	-5,122	10,089	-13,451	9,665	-6,608	2,776	5,659	-6,892	-3,242	-2,585	5,649	-21,426	14,932	-1,260	6,662	-7,293	6,016	10,478	-3,559	-664	5,500	-1,696	-2,244	-2,300	3,400	19,400	-700	100	1,400	8,900	-1,200	-6,670	4,990	5,220	-7,730	2,690	60
Change In Working Capital	-951	-483	1,755	2,334	614	69	-231	-30	22	20	219	-316	-721	-1,102	-783	513	-184	-132	661	338	117	124	20	51	280	-87	148	-49	-611	1,838	-1,425	561	-374	-73	-182	177	-34	468	-222	256	-502	819	413	202	-1,169	1,609	495	-951	-1,115	2,065	639	20	-409	73	250	232	-1,672	-735	904	40	-597	-196	-14	-75	565	-553	-859	-2,772	4,281	93	194	1,112	-828	345	-320	653	-100	460	-368	714	-405	230	-42	962	1,249	76	-508	-164	-17	184	-694	-171	646	-44	-214	18	600	-500	-300	100	400	-200	-3,600	-3,600	-400	-200	300	100	-500	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-364	-483	-643	284	-614	-218	-209	13	160	141	127	-85	-128	-295	-714	50	7	253	110	-313	16	-120	15	29	13	-312	115	111	-1,548	2,824	-339	-591	722	-464	196	-341	390	252	36	-445	331	287	671	-530	-160	449	1,480	-495	223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	-958	0	0	0	-22	0	0	0	0	0	0	0	0	0	0	0	0	15	0	0	0	67	67	0	54	54	54	32	113	56	40	24	150	72	72	41	67	25	25	11	211	163	74	5	271	282	241	143	307	208	205	75	481	296	254	133	15	15	15	0	23	16	8	7	147	110	107	0	64	63	55	40	67	63	62	57	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	2,398	2,050	1,228	287	-22	-43	-138	-121	92	-231	-593	-807	0	463	-191	-385	551	651	101	244	5	22	267	225	33	-160	937	-986	-1,086	1,152	-1,096	391	-378	518	-424	216	-258	701	-833	532	-258	732	-1,009	1,160	-985	-456	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-1,561	-284	271	36	32	531	-502	788	1,212	1,247	2,840	1,792	-4,961	293	1,266	-117	140	316	430	181	123	118	255	76	174	51	794	125	996	-193	1,986	991	123	-77	1,065	100	-206	-106	120	24	457	558	1,559	156	-163	33	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,398	2,398	1,228	287	-1,693	1,628	-138	-121	-209	70	-593	-807	-107	501	-191	-385	551	651	101	244	5	22	365	225	1,532	-303	17	872	-717	-27	-9	0	0	0	-57	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	351	357	374	378	384	387	401	399	391	396	409	408	404	426	302	304	288	275	273	270	259	257	255	250	254	270	270	278	283	253	151	161	162	161	166	167	168	167	178	180	180	180	185	186	187	176	179	181	202	184	130	123	125	127	129	130	137	145	155	161	160	134	168	167	166	160	199	206	202	206	220	228	265	232	251	270	-254	428	163	259	246	299	336	313	438	203	197	190	192	194	205	200	186	187	204	213	300	200	200	200	700	-300	300	200	200	320	260	220	270	150
Dividends Paid	2,340	2,340	2,368	2,369	2,278	2,286	2,296	2,298	2,126	2,139	2,135	2,139	2,049	2,049	1,583	1,582	1,512	1,510	1,509	1,510	1,379	1,378	1,376	1,376	1,371	1,352	1,331	1,332	1,278	1,144	1,145	1,147	1,141	1,142	1,141	1,103	1,093	1,092	1,092	1,093	1,052	1,051	1,030	1,022	981	985	982	984	955	955	801	803	775	771	771	776	747	743	738	739	684	682	686	688	637	639	641	642	585	585	558	561	477	479	480	480	449	449	449	448	418	416	415	413	376	373	372	373	336	336	335	334	281	565	0	283	200	200	300	200	200	200	200	200	180	170	170	180	180	180
End Period Cash Flow	66,120	54,146	33,089	29,015	31,866	40,877	109,666	166,026	206,681	219,933	205,173	210,499	111,693	124,440	83,376	38,418	15,415	20,915	18,472	19,874	18,348	17,368	16,107	12,142	16,697	14,315	16,403	19,842	17,174	33,133	12,615	8,963	10,010	11,716	20,442	19,627	12,376	13,263	15,378	8,749	7,863	27,414	27,297	15,945	12,295	35,339	24,396	20,241	21,423	38,049	45,211	19,534	16,625	19,753	34,542	25,617	17,355	12,049	7,554	18,011	6,480	9,801	9,715	8,316	9,064	8,874	18,902	11,875	9,517	11,114	24,303	9,352	9,816	12,182	17,304	7,215	20,666	11,001	17,609	14,833	9,174	16,066	19,308	21,893	16,244	37,670	22,738	23,998	17,336	24,629	18,613	8,135	11,694	12,358	6,858	8,554	10,800	13,100	9,700	11,900	100	1,400	8,900	9,700	-6,670	4,990	5,220	-7,730	2,690	60
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
Free Cash Flow	5,736	6,656	5,943	10,014	5,492	8,162	5,645	9,282	5,747	7,735	7,126	7,332	4,567	8,303	-4,242	4,420	3,174	4,787	5,138	3,716	2,964	4,722	6,855	1,884	2,462	3,470	5,340	3,146	3,229	3,210	1,808	2,580	2,176	3,003	2,460	2,569	2,730	3,031	2,106	2,471	3,010	3,613	3,167	2,865	2,510	4,044	2,875	1,515	1,512	4,448	2,799	1,859	1,695	2,148	2,248	2,311	-830	1,874	2,786	1,926	1,797	1,877	1,732	1,420	2,016	1,777	652	-1,023	5,316	2,192	1,746	2,451	1,378	1,813	1,504	1,819	1,708	1,952	904	2,049	1,469	1,671	1,201	2,052	1,435	1,556	24	1,614	661	2,394	-43	1,393	1,931	1,546	637	1,567	1,300	800	1,100	1,800	1,700	1,400	1,600	1,800	1,080	2,510	1,620	1,080	-600	4,480
Investments	1,684	-27,698	-35,914	-52,567	-32,696	-40,167	-58,680	-73,882	-30,579	-15,217	-56,852	-63,223	-25,035	-5,716	-59,497	13,702	-20,864	9,095	-18,643	-8,547	-23,845	-7,160	-23,077	-659	-6,729	-7,024	-18,854	1,791	-11,312	18,554	-4,275	-8,915	-8,169	-6,167	-18,894	-17,034	4,147	-4,606	-6,490	10,713	-26,068	-7,262	-10,293	-7,238	3,611	-5,357	2,438	-17,945	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	63,233	15,529	61,461	-3,085	-15,627	-354	-20,562	-8,476	7,575	6,521	-9,969	9,704	14,021	-26,688	30,010	-3,434	6,339	-19,551	15,861	15,861	10,610	-15,477	-525	11,478	10,262	-7,552	18,095	-20,213	-16,849	-2,833	23,653	-345	12,665	10,493	-19,401	6,304	-2,754	-9,929	15,253	6,197	5,023	-3,982	-8,735	5,148	11,292	-5,985	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	355	4,119	6,503	5,782	7,140	8,110	6,855	7,128	6,638	6,981	5,754	5,542	5,513	5,000	1,488	3,079	3,596	3,907	3,522	3,190	3,299	3,710	3,513	3,129	157	2,941	2,724	2,376	2,346	611	1,878	1,876	127	1,777	1,963	2,041	1,541	2,118	2,034	1,964	2,181	2,137	1,839	2,308	1,759	2,200	2,258	2,186	1,997	2,215	1,484	1,660	1,808	1,890	1,818	1,797	1,802	1,775	1,749	1,737	1,585	1,592	1,721	1,779	1,672	1,806	1,570	1,463	1,579	1,522	1,476	1,333	1,442	1,482	1,330	1,243	1,363	1,320	1,127	1,200	1,227	1,194	1,122	1,110	1,129	1,154	1,041	1,029	1,123	1,094	1,016	969	1,009	1,039	924	888	900	900	900	800	800	900	800	700	700	700	700	600	410	420
Other Cashflows From Financing Activities	48,335	81,451	49,797	53,882	50,780	-29,707	24,902	27,831	-192,637	28,240	14,277	159,488	13,786	29,707	120,626	11,069	17,980	4,082	17,136	12,526	27,540	8,482	24,318	-1,785	9,064	6,551	58	51	3,646	4,419	9,256	2	2	5	18,718	6	-6,777	536	12,289	-10,647	8,349	5,086	24,777	11	-20,330	12,627	-628	14,206	-11,160	-11,981	12,435	-4,780	2,550	-9,087	21,405	5	21,354	9,031	398	5	13,638	16,651	7,959	1,951	5,938	-3,084	12,419	8,908	902	-4,345	19,706	-291	7,085	1,991	7,689	220	12,582	-3,870	18,593	-5,041	-5,824	10,844	10,992	2,969	-10,445	19,260	7,771	3,066	-109	12,421	18,260	-6,499	-1,547	3,135	4,841	488	7,200	11,400	19,700	-500	300	1,600	9,100	-1,000	-6,860	5,560	2,300	-2,380	-8,750	11,550
Other Cashflows From Investing Activities	0	0	195	-2,000	-3,198	265	-2,260	1,579	134	31	-39	635	1	15,205	220	482	244	107	407	44	80	229	55	412	3,079	262	106	409	298	9,371	285	48	1,932	79	268	2,031	498	407	206	9	-3,595	117	89	1,986	-2,808	660	498	2,071	784	346	0	0	100	100	0	0	1,467	121	2	0	0	0	0	0	0	0	0	0	64	29	12	0	12	12	9	0	42	44	41	0	0	0	0	0	0	0	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	6,064	2,408	-2,719	1,980	-1,958	52	-1,129	1,483	-113	501	417	1,763	-1,820	3,951	-4,906	763	-1,247	1,063	739	394	-769	647	3,339	-1,369	-526	749	2,429	873	754	767	540	449	2,915	722	573	442	941	192	90	387	954	505	670	132	896	394	263	144	497	35	488	103	303	130	81	139	450	114	-76	-67	-146	665	74	-387	99	65	50	64	178	168	160	152	153	181	170	239	1,001	23	303	308	647	40	232	369	-1,022	677	440	789	-124	1,461	-101	1,022	-709	867	374	777	-1,800	1,600	900	500	500	700	100	0	660	-190	720	460	-1,340	3,680
Sale Purchase Of Stock	-23	-33	-3,077	334	-311	-952	-1,239	-13	-479	-767	99	-194	-39	46	-69	-54	-54	189	57	-374	-15	162	158	-179	-297	-436	-391	-463	814	17	60	-447	8	-8	46	-127	614	213	14	-179	401	140	38	-319	505	0	60	-281	0	0	0	0	529	0	0	-529	0	0	0	-68	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100	0	100	50	50	-1,410
Stock Based Compensation	217	198	205	210	168	168	156	149	138	137	136	138	133	134	134	135	124	124	125	124	111	111	110	110	59	59	58	59	40	39	41	40	23	38	29	31	34	40	40	40	43	40	40	39	32	32	33	33	44	44	41	41	41	44	39	39	36	33	33	32	527	-63	-17	38	-10	-8	-16	-7	-44	-68	-106	-7	40	-17	-17	-117	-420	-45	-108	-235	-580	8	-276	-283	-52	-101	-337	-68	-14	-60	0	-141	75	-35	-74	-1	0	0	-100	0	-100	100	0	0	400	200	-300	-100	500	0
Total Cash From Financing Activities	3,575	41,871	33,850	41,702	18,193	-37,049	-1,065	22,366	11,446	22,211	9,035	154,062	7,720	23,272	108,447	4,399	11,946	-11,546	11,696	6,313	21,781	3,470	20,132	-6,192	3,570	1,204	9,969	-2,678	-8,174	-10,617	5,834	5,240	2,355	-5,641	16,981	19,685	-8,262	-947	10,807	-12,307	7,102	3,841	18,554	6,037	-26,357	11,596	-1,656	13,177	-12,115	-27,981	11,619	-8,583	3,428	-14,707	18,037	-5,129	14,357	3,245	-5,156	5,031	2,954	5,969	7,273	1,263	5,301	-3,723	11,778	8,266	-4,683	-4,930	19,148	-852	6,608	1,512	7,209	-260	12,133	-4,319	18,144	-5,489	-6,242	10,428	10,577	2,556	-10,821	18,887	7,399	693	-3,445	9,085	17,925	-6,833	-1,828	2,570	4,841	205	7,000	11,200	19,400	-700	100	1,400	8,900	-1,200	-6,940	5,390	2,230	-2,560	-8,880	9,960
Total Cash From Operating Activities	6,652	6,884	6,120	10,105	6,350	8,920	6,077	9,387	6,196	8,170	7,293	7,539	4,777	8,468	-3,992	4,544	3,741	5,086	5,335	4,276	3,239	4,853	7,162	2,044	3,611	3,799	5,451	3,190	3,403	3,426	1,874	2,635	2,282	3,088	2,522	2,606	2,778	3,097	2,132	2,524	3,032	3,613	3,167	2,879	2,533	4,266	2,917	1,645	1,552	4,520	2,858	1,863	1,699	2,218	2,299	2,365	-775	1,967	2,815	1,997	1,833	1,923	1,911	1,484	2,134	1,826	713	-964	5,943	2,318	1,821	2,689	1,465	1,952	1,605	1,938	1,730	2,133	1,050	2,145	1,469	1,709	1,238	2,084	1,453	1,723	348	1,677	827	2,444	-3	1,582	1,993	1,672	789	1,578	1,300	900	1,200	1,900	1,800	1,600	1,600	1,900	1,110	2,270	1,810	1,340	230	4,130
Total Cashflows From Investing Activities	0	0	-35,896	-54,658	-33,554	-40,660	-61,372	-72,408	-30,894	-15,621	-21,654	-62,795	-25,244	9,324	-59,497	14,060	-21,187	8,903	-18,433	-9,063	-24,040	-7,062	-23,329	-407	-4,799	-7,091	-18,859	2,156	-11,188	27,709	-4,056	-8,922	-6,343	-6,173	-18,688	-15,040	4,597	-4,265	-6,310	10,669	-29,685	-7,337	-10,369	-5,266	780	-4,919	2,894	-16,004	31,065	37,128	20,829	9,629	0	0	0	11,026	0	0	0	4,503	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,003	0	0	0	0	0	0	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
Cost Of Revenue	0	0	0	0	0	7,382	6,280	5,704	7,838	4,888	5,998	7,100	6,757	7,023	9,411	10,429	12,298	9,986	6,855	5,449	6,683	8,243	10,905	11,357	0	0	0	0	0
Depreciation And Amortization	1,460	1,571	123	114	101	126	150	848	656	693	731	723	639	511	598	629	731	856	1,018	596	1,194	1,028	791	790	900	900	1,000	522	640
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
Ebit	-1,375	43,654	30,860	18,366	16,823	22,756	19,751	12,249	10,798	13,471	14,769	16,089	15,117	15,998	17,071	19,207	21,123	18,355	14,343	12,007	12,370	13,589	16,013	16,241	14,100	13,100	12,600	10,459	9,349
Ebitda	85	45,225	30,983	18,480	16,924	22,882	19,901	13,097	11,454	14,164	15,500	16,812	15,756	16,509	17,669	19,836	21,854	19,211	15,361	12,603	13,564	14,617	16,804	17,031	15,000	14,000	13,600	10,981	9,990
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
Extraordinary Items	0	0	0	0	0	0	-3,060	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	103,535	78,329	73,638	58,256	45,384	43,904	41,819	33,769	29,220	29,670	30,276	29,970	27,323	23,728	24,501	22,488	20,796	19,766	18,811	17,558	16,815	16,955	16,356	15,556	14,000	13,300	13,000	3,552	1,646
Income Before Tax	21,146	36,385	30,860	18,366	16,823	16,204	14,749	8,595	7,540	10,263	11,171	11,439	9,935	9,975	9,345	9,513	9,140	8,589	7,838	7,013	6,347	5,976	5,803	5,364	5,000	4,600	3,800	2,340	2,454
Income Tax Expense	4,387	7,152	5,945	3,286	2,608	2,553	6,551	1,884	1,632	2,606	2,706	3,036	2,579	2,662	2,282	2,836	2,629	2,679	2,341	2,003	1,694	1,623	1,601	1,504	1,500	1,400	1,100	468	652
Interest Expense	7,444	7,269	5,757	7,979	8,678	5,657	4,080	3,654	3,258	3,208	3,598	4,650	5,182	6,023	7,726	9,694	11,983	9,766	6,505	4,994	6,023	7,613	10,210	10,877	9,100	8,500	8,800	8,119	6,896
Interest Income	89,850	75,666	71,070	58,455	47,284	42,496	38,988	32,244	27,779	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
Net Income	16,759	29,233	24,915	15,080	14,215	13,651	8,198	6,711	5,908	7,657	8,465	8,403	7,356	7,313	7,063	6,677	6,511	5,910	5,497	5,010	4,653	4,353	4,202	3,860	3,500	3,200	2,700	1,872	1,802
Net Income Applicable To Common Shares	0	29,233	24,915	15,080	14,215	13,651	8,198	6,711	5,908	7,657	8,465	8,403	7,356	7,313	7,063	6,677	6,511	5,910	5,497	5,010	4,653	4,353	4,202	3,860	0	0	0	0	0
Net Income From Continuing Ops	23,545	29,233	24,915	15,080	14,215	13,651	8,198	6,711	5,908	7,657	8,465	8,403	7,356	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	64,007	68,397	65,313	50,476	38,606	36,839	34,908	28,590	24,521	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	1,806	1,806	1,806	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-1,375	43,654	30,860	18,366	16,823	21,861	19,751	12,249	10,798	13,471	14,769	16,089	15,117	15,998	17,071	19,207	21,123	18,355	14,343	12,007	12,370	13,589	16,013	16,241	14,100	13,100	12,600	10,459	9,349
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
Other Operating Expenses	82,389	2,235	42,778	39,890	28,561	22,043	22,068	21,520	18,422	16,199	15,507	13,881	12,206	7,730	7,430	3,281	327	1,411	4,468	5,551	4,445	3,366	343	685	100	200	400	6,907	7,703
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
Reconciled Depreciation	1,493	101	123	1,436	1,106	1,021	1,072	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
Selling And Marketing Expenses	630	516	473	385	267	257	268	283	240	224	208	222	205	187	186	213	235	224	159	156	170	168	131	185	100	100	200	0	0
Selling General Administrative	24,550	22,683	23,704	19,977	16,677	15,794	14,580	12,677	9,889	9,965	9,782	9,698	9,096	7,825	8,763	6,046	5,825	5,655	5,410	5,133	4,916	4,847	4,642	4,355	4,100	3,900	3,600	3,782	3,288
Tax Provision	5,732	7,152	5,945	3,286	2,608	2,553	6,551	1,884	1,632	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	14,154	2,235	-42,778	-39,890	-28,561	-22,043	-22,068	-21,520	-18,422	-16,199	-15,507	-13,881	-12,206	-7,730	-7,430	-3,281	327	-1,411	-4,468	-5,551	-4,445	-3,366	-343	685	100	-200	-400	6,907	7,703
Total Other Income Expense Net	21,146	-7,269	30,860	18,366	16,823	-5,657	-5,002	-3,654	-3,258	-3,208	-3,598	-4,650	-5,182	-6,023	-7,726	-9,694	-11,983	-9,766	-6,505	-4,994	-6,023	-7,613	-10,210	-10,877	-9,100	-8,500	-8,800	-8,119	-6,896
Total Revenue	103,535	78,329	73,638	58,256	45,384	43,904	41,819	33,769	29,220	29,670	30,276	29,970	27,323	23,728	24,501	22,488	20,796	19,766	18,811	17,558	16,815	16,955	16,356	15,556	14,000	13,300	13,000	3,552	1,646

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	1	1,773	1,646	1,772	1,590	1,627	1,526	1,537	1,455	1,408	1,540	1,301	3,645	1,538	1,254	1,401	-1	1,207	1,225	-1	1,255	1,275	1,712	1,756	-1	2,057	1,598	1,566	1,744	1,817	1,731	1,465	1,627	1,726	1,695	1,975	2,995	2,054	2,128	2,234	2,627	2,413	2,489	2,900	3,190	3,055	3,015	3,038	2,880	2,590	2,376	2,140	2,011	1,734	1,607	1,503	1,364	1,324	1,380	1,381	1,512	1,626	1,733	1,812	1,943	2,009	2,079	2,212	2,409	2,729	2,841	2,926	3,012	2,877	2,774	2,694	0	0	0	0	0	0	0	0	0	0	0	2,170	2,170	2,000
Depreciation And Amortization	19	20	23	23	384	24	27	27	27	28	34	35	35	426	21	22	22	23	27	29	29	29	33	34	35	35	270	278	283	253	151	161	162	161	166	167	168	167	178	180	180	180	185	186	187	176	179	181	202	184	130	123	125	127	129	130	137	145	155	161	160	134	168	167	166	160	199	206	202	206	220	228	265	232	251	270	-254	428	163	259	246	299	336	313	438	203	197	190	192	194	205	200	186	187	204	213	300	200	200	200	700	-300	300	200	200	320	260	220	270	150
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
Ebit	0	5,187	8,237	12,887	11,745	12,234	8,611	8,982	8,025	8,775	7,248	6,813	6,766	6,172	1,867	3,560	4,241	4,682	4,168	3,733	3,851	4,438	4,211	3,703	4,352	3,889	3,582	2,926	2,923	840	2,389	2,443	-166	2,334	2,594	2,779	2,015	2,872	2,730	2,646	2,957	2,913	2,423	2,877	2,342	2,986	3,096	2,981	2,765	2,990	1,945	2,235	2,352	2,592	2,522	2,509	1,950	2,470	2,463	2,462	2,251	2,258	2,454	2,550	2,297	2,528	2,241	2,074	2,318	2,221	2,136	1,914	2,080	2,125	1,894	1,739	2,008	1,820	1,533	1,652	1,680	1,602	1,530	1,535	1,564	1,593	1,419	1,400	1,577	1,503	1,391	1,332	1,408	1,453	1,271	1,232	1,300	1,300	1,200	1,200	1,200	1,300	1,100	1,000	700	700	700	600	2,650	2,520
Ebitda	19	5,207	8,260	12,910	12,129	12,258	8,638	9,009	8,052	8,803	7,282	6,848	6,801	6,598	1,888	3,582	4,263	4,705	4,195	3,762	3,880	4,467	4,244	3,737	4,387	3,924	3,852	3,204	3,206	1,093	2,540	2,604	-4	2,495	2,760	2,946	2,183	3,039	2,908	2,826	3,137	3,093	2,608	3,063	2,529	3,162	3,275	3,162	2,967	3,174	2,075	2,358	2,477	2,719	2,651	2,639	2,087	2,615	2,618	2,623	2,411	2,392	2,622	2,717	2,463	2,688	2,440	2,280	2,520	2,427	2,356	2,142	2,345	2,357	2,145	2,009	1,754	2,248	1,696	1,911	1,926	1,901	1,866	1,848	2,002	1,796	1,616	1,590	1,769	1,697	1,596	1,532	1,594	1,640	1,475	1,445	1,600	1,500	1,400	1,400	1,900	1,000	1,400	1,200	700	700	700	600	2,920	2,670
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	28,191	17,345	17,425	18,005	19,159	20,348	19,383	19,439	18,517	19,117	18,240	17,765	18,275	17,402	11,259	11,319	11,529	11,773	11,253	10,831	11,029	11,385	10,989	10,501	10,638	10,728	10,312	10,140	9,941	8,969	7,617	7,242	7,328	7,124	7,182	7,586	7,432	7,416	7,623	7,197	7,455	7,486	7,356	7,978	7,195	7,843	7,453	7,478	7,254	7,769	6,311	5,989	5,927	5,954	5,848	5,999	6,752	5,784	6,003	5,962	5,617	5,749	5,536	5,586	5,263	5,405	5,143	4,985	4,988	4,996	5,032	4,750	4,818	4,842	4,661	4,490	4,615	4,429	4,142	4,372	4,295	4,184	4,170	4,166	4,099	4,283	4,425	4,148	4,250	4,099	4,055	3,952	3,922	4,027	3,910	3,697	3,600	3,700	3,400	3,300	3,400	3,500	3,300	3,200	0	0	0	3,700	3,700	2,810
Income Before Tax	451	5,187	8,237	7,269	8,583	10,209	8,611	8,982	8,025	8,775	7,248	6,813	6,766	6,172	1,867	3,560	4,241	4,682	4,168	3,733	3,851	4,438	4,211	3,703	4,352	3,889	3,582	2,926	2,923	840	2,389	2,443	-166	2,334	2,594	2,779	2,015	2,872	2,730	2,646	2,957	2,913	2,423	2,877	2,342	2,986	3,096	2,981	2,765	2,990	1,945	2,235	2,352	2,592	2,522	2,509	1,950	2,470	2,463	2,462	2,251	2,258	2,454	2,550	2,297	2,528	2,241	2,074	2,318	2,221	2,136	1,914	2,080	2,125	1,894	1,739	2,008	1,820	1,533	1,652	1,680	1,602	1,530	1,535	1,564	1,593	1,419	1,400	1,577	1,503	1,391	1,332	1,408	1,453	1,271	1,232	1,300	1,300	1,200	1,200	1,200	1,300	1,100	1,000	0	0	0	480	480	520
Income Tax Expense	96	1,068	1,734	1,487	1,443	2,100	1,756	1,854	1,387	1,794	1,493	1,271	1,253	1,173	379	481	645	775	646	543	552	728	698	574	4,195	948	858	550	577	228	511	567	-294	557	631	738	474	754	696	682	776	777	584	569	583	786	838	795	768	775	461	575	544	702	704	712	148	695	714	725	666	666	733	771	625	722	671	611	739	699	660	581	638	643	564	496	645	500	406	452	453	408	408	425	435	439	378	371	454	409	375	363	399	414	347	344	400	400	400	400	400	400	300	300	-700	-700	-700	-600	70	100
Interest Expense	1,882	9,469	7,594	5,618	3,162	1,662	1,199	1,246	1,357	1,410	1,464	1,525	1,815	1,979	1,982	2,203	2,152	2,168	2,202	2,155	1,816	1,398	1,221	1,222	1,191	1,026	926	937	1,005	958	840	851	824	819	833	781	793	787	805	823	855	876	912	956	1,078	1,157	1,198	1,216	1,244	1,392	1,301	1,245	1,357	1,476	1,545	1,645	1,895	1,914	1,908	2,009	2,207	2,283	2,379	2,825	3,070	2,965	2,960	2,988	2,830	2,545	2,321	2,070	1,941	1,644	1,517	1,403	1,299	1,224	1,215	1,256	1,347	1,461	1,568	1,647	1,793	1,859	1,929	2,032	2,259	2,554	2,641	2,756	2,867	2,757	2,654	2,599	2,500	2,300	2,200	2,100	2,200	2,100	2,100	2,100	0	0	0	2,170	2,170	2,000
Interest Income	26,085	24,508	23,236	21,711	20,395	19,832	18,093	17,347	17,853	18,399	17,517	17,301	17,429	17,309	11,849	11,868	11,985	12,059	11,814	11,426	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	354	4,119	6,503	5,782	7,140	8,109	6,855	7,128	6,638	6,981	5,755	5,542	5,513	4,999	1,488	3,079	3,596	3,907	3,522	3,190	3,299	3,710	3,513	3,129	157	2,941	2,724	2,376	2,346	612	1,878	1,876	128	1,777	1,963	2,041	1,541	2,118	2,034	1,964	2,181	2,136	1,839	2,308	1,759	2,200	2,258	2,186	1,997	2,215	1,484	1,660	1,808	1,890	1,818	1,797	1,802	1,775	1,749	1,737	1,585	1,592	1,721	1,779	1,672	1,806	1,570	1,463	1,579	1,522	1,476	1,333	1,442	1,482	1,330	1,243	1,363	1,320	1,127	1,200	1,227	1,194	1,122	1,110	1,129	1,154	1,041	1,029	1,123	1,094	1,016	969	1,009	1,039	924	888	900	900	800	800	800	900	800	700	700	700	700	600	410	420
Net Income Applicable To Common Shares	0	0	6,503	5,782	7,141	8,109	6,855	7,128	6,638	6,981	5,755	5,542	5,514	4,999	1,488	3,079	3,596	3,907	3,522	3,190	3,299	3,710	3,513	3,129	157	2,941	2,724	2,376	2,345	612	1,878	1,876	127	1,777	1,963	2,041	1,541	2,118	2,034	1,964	2,182	2,136	1,839	2,308	1,759	2,200	2,258	2,186	1,997	2,215	1,484	1,660	1,808	1,890	1,818	1,797	1,802	1,775	1,749	1,737	1,585	1,592	1,721	1,779	1,672	1,806	1,570	1,463	1,579	1,522	1,476	1,333	1,442	1,482	1,330	1,243	1,363	1,320	1,127	1,200	1,227	1,194	1,122	1,110	1,129	1,154	1,041	1,029	1,123	1,094	1,016	969	1,009	1,039	924	888	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	354	4,119	6,503	5,782	7,140	8,109	6,855	7,128	6,638	6,981	5,755	5,542	5,514	4,999	1,488	3,079	3,596	3,907	3,522	3,190	3,299	3,710	3,513	3,129	157	2,941	2,724	2,376	2,345	612	1,878	1,876	127	1,777	1,963	2,041	1,541	2,118	2,034	1,964	2,182	2,136	1,839	2,308	1,759	2,200	2,258	2,186	0	2,215	1,484	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	15,293	15,039	15,642	16,093	17,232	18,170	16,894	16,101	16,496	16,989	16,053	15,776	15,614	15,330	9,867	9,665	9,833	9,891	9,612	9,271	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-3,186	9,984	-6,656	1,664	1,806	0	0	0	1,806	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	5,187	8,237	12,887	11,745	12,234	8,611	8,982	8,025	8,775	7,248	6,813	6,766	6,172	1,867	3,560	4,241	4,682	4,168	3,733	3,851	4,438	4,211	3,703	4,352	3,889	3,582	2,926	2,923	840	2,389	2,443	-166	2,334	2,594	2,779	2,015	2,872	2,730	2,646	2,957	2,913	2,423	2,877	2,342	2,986	3,096	2,981	2,765	2,990	1,945	2,235	2,352	2,592	2,522	2,509	1,950	2,470	2,463	2,462	2,251	2,258	2,454	2,550	2,297	2,528	2,241	2,074	2,318	2,221	2,136	1,914	2,080	2,125	1,894	1,739	2,008	1,820	1,533	1,652	1,680	1,602	1,530	1,535	1,564	1,593	1,419	1,400	1,577	1,503	1,391	1,332	1,408	1,453	1,271	1,232	1,300	1,300	1,200	1,200	1,200	1,300	1,100	1,000	700	700	700	600	480	520
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
Other Operating Expenses	27,740	12,158	9,188	285	1,829	354	10,772	10,457	2,055	189	343	540	1,447	292	225	218	12,466	276	226	250	1	301	229	230	4,877	217	240	249	6,013	185	181	151	6,670	140	124	183	1	136	174	164	3,643	139	172	187	1	157	217	209	3,245	171	126	134	2,218	81	138	139	2,907	100	104	1,491	1,159	72	88	90	4,367	75	94	77	160	230	575	766	797	1,073	1,250	1,348	1,308	1,385	1,394	1,464	1,268	1,121	1,072	984	742	831	1,077	716	414	42	23	136	353	183	15	134	200	100	0	0	0	100	100	100	700	700	700	600	7,570	6,290
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
Reconciled Depreciation	351	20	23	23	23	24	27	27	27	28	34	35	404	426	302	304	288	275	273	270	259	257	255	250	254	270	270	278	283	253	151	161	162	161	166	167	168	167	178	180	180	180	185	186	187	176	179	181	202	184	130	123	125	127	129	130	137	145	155	161	160	134	168	167	166	160	199	206	202	206	220	228	265	232	251	270	-254	428	163	259	246	299	336	313	438	203	197	190	192	194	205	200	186	187	204	213	300	200	200	200	700	-300	300	200	200	320	260	220	270	150
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	630	0	0	0	516	0	0	0	473	0	0	0	385	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	205	0	0	0	187	0	0	0	186	0	0	0	213	0	0	0	235	0	0	0	224	0	0	0	159	0	0	0	156	0	0	0	170	0	0	0	168	0	0	0	131	0	0	0	185	0	0	0	100	0	0	0	100	0	0	0	0	0	0	0	2,170	2,000
Selling General Administrative	5,958	6,337	6,086	6,169	3,360	6,432	6,648	6,242	5,816	6,262	5,887	5,737	6,264	4,956	3,797	4,214	4,212	4,142	4,155	4,168	4,058	4,032	3,832	3,873	3,637	3,660	3,627	3,658	3,706	3,663	2,620	2,689	2,546	2,541	2,337	2,466	2,601	2,372	2,503	2,491	2,336	2,438	2,464	2,543	2,438	2,568	2,509	2,634	2,992	2,464	2,164	2,055	2,460	1,976	1,906	1,945	3,220	2,068	2,162	1,948	1,525	1,477	1,498	1,546	1,458	1,432	1,438	1,497	1,311	1,482	1,456	1,406	1,329	1,360	1,334	1,387	1,293	1,276	1,262	1,302	1,235	1,232	1,219	1,230	1,172	1,219	1,210	1,246	1,237	1,121	1,128	1,156	1,109	1,091	1,081	1,074	1,100	1,000	1,000	1,000	1,000	100	1,000	1,000	0	0	0	3,230	3,230	2,290
Tax Provision	98	1,068	1,734	1,487	1,443	2,100	1,756	1,854	1,387	1,794	1,493	1,271	1,253	1,173	379	481	645	775	646	543	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,818	-12,158	-9,188	285	1,829	354	-10,772	-10,457	2,055	189	343	540	1,447	292	225	218	12,465	276	226	250	-5,131	301	229	230	-4,877	217	240	249	-6,013	185	181	151	-6,670	140	124	183	-4,625	136	174	165	-3,643	139	172	187	-3,741	157	217	209	-3,245	171	126	134	-2,218	81	138	139	-2,907	100	104	-1,491	-1,159	72	88	90	4,367	75	94	77	160	-230	-575	-766	-797	-1,073	-1,250	-1,348	-1,308	-1,385	-1,394	-1,464	-1,268	-1,121	-1,072	-984	-742	-831	-1,077	-716	-414	-42	-23	136	353	183	15	134	200	-100	0	0	0	-100	-100	-100	700	700	700	600	5,400	4,290
Total Other Income Expense Net	451	5,187	8,237	-5,618	-3,162	-2,025	8,611	-1,618	-1,357	-1,778	-1,839	-1,898	-2,184	-1,979	-2,263	-2,485	33,739	-2,420	-2,448	-2,396	-2,046	-1,626	-1,443	-1,438	-1,409	-1,261	-926	-937	-1,005	-958	-840	-851	-824	-819	-833	-781	-793	-787	-805	-823	-855	-876	-912	-956	-1,113	-1,157	-1,198	-1,216	-1,244	-1,392	-1,301	-1,245	-1,357	-1,476	-1,545	-1,645	-1,895	-1,914	-1,908	-2,009	-2,207	-2,283	-2,379	-2,825	328,624	-2,965	-2,960	-2,988	-2,830	-2,545	-2,321	-2,070	-1,941	-1,644	-1,517	-1,403	-1,299	-1,224	-1,215	-1,256	-1,347	-1,461	-1,568	-1,647	-1,793	-1,859	-1,929	-2,032	-2,259	-2,554	-2,641	-2,756	-2,867	-2,757	-2,654	-2,599	-2,500	-2,300	-2,200	-2,100	-2,200	-2,100	-2,100	-2,100	0	0	0	0	0	0
Total Revenue	28,191	17,345	17,425	18,005	19,159	20,348	19,383	19,439	18,517	19,117	18,240	17,765	18,275	17,402	11,259	11,319	11,529	11,773	11,253	10,831	11,029	11,385	10,989	10,501	10,638	10,728	10,312	10,140	9,941	8,969	7,617	7,242	7,328	7,124	7,182	7,586	7,432	7,416	7,623	7,197	7,455	7,486	7,356	7,978	7,195	7,843	7,453	7,478	7,254	7,769	6,311	5,989	5,927	5,954	5,848	5,999	6,752	5,784	6,003	5,962	5,617	5,749	5,536	5,586	5,263	5,405	5,143	4,985	4,988	4,996	5,032	4,750	4,818	4,842	4,661	4,490	4,615	4,429	4,142	4,372	4,295	4,184	4,170	4,166	4,099	4,283	4,425	4,148	4,250	4,099	4,055	3,952	3,922	4,027	3,910	3,697	3,600	3,700	3,400	3,300	3,400	3,500	3,300	3,200	0	0	0	3,700	3,700	2,810

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

Gross Profit (+$)
totalRevenue	103,535
Cost of Revenue	-0
Gross Profit	103,535	103,535

Operating Income (+$)
Gross Profit	103,535
Operating Expense	-14,154
Operating Income	-1,375	89,381

Operating Expense (+$)
Research Development	0
Selling General Administrative	24,550
Selling And Marketing Expenses	630
Operating Expense	14,154	25,180

Net Interest Income (+$)
Interest Income	89,850
Interest Expense	-7,444
Other Finance Cost	-18,399
Net Interest Income	64,007

Pretax Income (+$)
Operating Income	-1,375
Net Interest Income	64,007
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	21,146	-22,521 EBIT - interestExpense = -8,819 21,146 24,203
Interest Expense	7,444
Earnings Before Interest and Taxes (EBIT)	-1,375	28,590
Earnings Before Interest and Taxes (EBITDA)	85

After tax Income (+$)
Income Before Tax	21,146
Tax Provision	-5,732
Net Income From Continuing Ops	23,545	15,414
Net Income	16,759
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	82,389
Total Other Income/Expenses Net	21,146	-64,007

Technical Analysis of Norwood Financial Corp
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 Norwood Financial Corp. The general trend of Norwood Financial Corp is BEARISH with 85.7% 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 Norwood Financial Corp'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 (-85.7%)		Bearish trend (85.7%)
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 Norwood Financial Corp.

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

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

The bullish price targets are: 28.64 < 30.13 < 33.74.

The bearish price targets are: 23.50 > 23.48 > 22.85.

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Norwood Financial Corp 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 Norwood Financial Corp. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-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 lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is 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 higher 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.

Norwood Financial Corp 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 Norwood Financial Corp. The current macd is -0.63085862.

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

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Norwood Financial Corp price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Norwood Financial Corp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Norwood Financial Corp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Norwood Financial Corp 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 Norwood Financial Corp. The current adx is 20.17.

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 Norwood Financial Corp 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.

Norwood Financial Corp 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 Norwood Financial Corp. The current sar is 26.51.

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

Norwood Financial Corp 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 Norwood Financial Corp. The current rsi is 47.20. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Norwood Financial Corp 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 Norwood Financial Corp. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

Norwood Financial Corp 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 Norwood Financial Corp. The current cci is -24.31985327.

Norwood Financial Corp 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 Norwood Financial Corp. The current cmo is 0.78022041.

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

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Norwood Financial Corp 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 Norwood Financial Corp. The current willr is -58.87984137.

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

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

Norwood Financial Corp 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 Norwood Financial Corp.

Norwood Financial Corp 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 Norwood Financial Corp. The current atr is 1.05582877.

Norwood Financial Corp 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 Norwood Financial Corp. The current obv is -677,238.

Norwood Financial Corp 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 Norwood Financial Corp. The current mfi is 23.62.

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

Norwood Financial Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Norwood Financial Corp.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Norwood Financial Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Norwood Financial Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.200
Ma 20	Greater than	Ma 50	24.874
Ma 50	Greater than	Ma 100	25.763
Ma 100	Greater than	Ma 200	27.668
Open	Greater than	Close	25.310
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Norwood Financial Corp (30 sec.)

What can you expect buying and holding a share of Norwood Financial Corp? (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 Norwood Financial Corp (5 min.)

$24.60

$21.57

$20.69 - $36.98

$42.26 - $58.55

2. Growth of Norwood Financial Corp (5 min.)

Is Norwood Financial Corp growing?

How much money is Norwood Financial Corp making?

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

3. Financial Health of Norwood Financial Corp (5 min.)

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

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Norwood Financial Corp? (5 min.)

What can you expect buying and holding a share of Norwood Financial Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Norwood Financial Corp

About Norwood Financial Corp

Financial Health

Valuation

1.1. Profitability of Norwood Financial Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Norwood Financial Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Norwood Financial Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Norwood Financial Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Norwood Financial Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Norwood Financial Corp
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