Universal Display
Buy, Hold or Sell?

Let's analyse Universal Display together

Penke I guess you are interested in Universal Display. 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 Universal Display. 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 Universal Display (30 sec.)

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

How much money do you get?

$1.40

When do you have the money?

1 year

How often do you get paid?

77.5%

What is your share worth?

Current worth

$30.39

Expected worth in 1 year

$33.92

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$4.94

Return On Investment

3.2%

For what price can you sell your share?

Current Price per Share

$156.58

Expected price per share

$136.48 - $168.19

How sure are you?

50%

1. Valuation of Universal Display (5 min.)

Live pricePrice per Share (EOD)

$156.58

Book Value per Share

$30.39

Intrinsic Value Per Share

$-20.72 - $18.41

Total Value Per Share

$9.67 - $48.80

My calculation of the intrinsic value of Universal Display 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: ($0.46) 3Y: ($0.45) TTM: ($0.15)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.06) TTM: ($0.12)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.15	$1.83	$0.82 - $1.89
2	$1.34	$3.67	$-0.16 - $1.95
3	$0.67	$5.52	$-1.14 - $2.02
4	$-0.75	$7.36	$-2.12 - $2.08
5	$-2.83	$9.21	$-3.10 - $2.14
6	$-5.51	$11.06	$-4.09 - $2.20
7	$-8.70	$12.90	$-5.07 - $2.27
8	$-12.34	$14.74	$-6.05 - $2.33
9	$-16.37	$16.58	$-7.03 - $2.39
10	$-20.72	$18.41	$-8.01 - $2.46

2. Growth of Universal Display (5 min.)

Is Universal Display growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.4b	$1.1b	$171m	12.5%

How much money is Universal Display making?

	Current year	Previous year	Grow	Grow %
Making money	$50.7m	$52.3m	-$1.5m	-3.1%
Net Profit Margin	35.0%	33.7%	-	-

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

Quarterly Yearly

3. Financial Health of Universal Display (5 min.)

4. Comparing to competitors in the Electronic Components industry (5 min.)

Industry Rankings (Electronic Components)

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

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

What can you expect buying and holding a share of Universal Display?

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

Speculation

The Price per Share of Universal Display is $156.58. 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 Universal Display.
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 Universal Display, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $30.39. Based on the TTM, the Book Value Change Per Share is $0.88 per quarter. Based on the YOY, the Book Value Change Per Share is $0.91 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 $0.35 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Universal Display.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.30	0.8%	1.07	0.7%	1.11	0.7%	0.91	0.6%	0.60	0.4%
Usd Book Value Change Per Share	1.37	0.9%	0.88	0.6%	0.91	0.6%	0.79	0.5%	0.53	0.3%
Usd Dividend Per Share	0.35	0.2%	0.35	0.2%	0.30	0.2%	0.22	0.1%	0.13	0.1%
Usd Total Gains Per Share	1.72	1.1%	1.23	0.8%	1.21	0.8%	1.01	0.6%	0.66	0.4%
Usd Price Per Share	191.26	-	161.88	-	117.62	-	166.00	-	119.00	-
Price to Earnings Ratio	36.74	-	38.47	-	27.29	-	152.16	-	110.01	-
Price-to-Total Gains Ratio	111.36	-	137.99	-	104.80	-	2,028.15	-	1,193.05	-
Price to Book Ratio	6.29	-	5.63	-	4.71	-	8.01	-	7.04	-
Price-to-Total Gains Ratio	111.36	-	137.99	-	104.80	-	2,028.15	-	1,193.05	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	156.58
Number of shares	6

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.35	0.22
Usd Book Value Change Per Share	0.88	0.79
Usd Total Gains Per Share	1.23	1.01
Gains per Quarter (6 shares)	7.41	6.06
Gains per Year (6 shares)	29.62	24.26

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	8	21	20	5	19	14
2	17	42	50	11	38	38
3	25	64	80	16	57	62
4	34	85	110	21	76	86
5	42	106	140	26	95	110
6	50	127	170	32	114	134
7	59	148	200	37	133	158
8	67	170	230	42	152	182
9	76	191	260	48	171	206
10	84	212	290	53	190	230

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%	38.0	2.0	0.0	95.0%	46.0	66.0	0.0	41.1%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	36.0	4.0	0.0	90.0%	63.0	46.0	3.0	56.3%
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%	31.0	0.0	9.0	77.5%	31.0	0.0	81.0	27.7%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	37.0	3.0	0.0	92.5%	64.0	45.0	3.0	57.1%

Fundamentals of Universal Display

About Universal Display

https://oled.com
Electronic Components
456
250 Phillips Boulevard, Ewing, NJ, United States, 08618
Google Maps Bing Maps

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

Fundamental data was last updated by Penke on 2024-04-11 16:41:07.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Universal Display.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Universal Display earns for each $1 of revenue.

Above 10% is considered healthy but always compare Universal Display to the Electronic Components industry mean.
A Net Profit Margin of 39.1% means that $0.39 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Universal Display:

The MRQ is 39.1%. The company is making a huge profit. +2
The TTM is 35.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	39.1%	TTM	35.0%	+4.1%
TTM	35.0%	YOY	33.7%	+1.3%
TTM	35.0%	5Y	32.6%	+2.4%
5Y	32.6%	10Y	25.9%	+6.7%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	39.1%	2.9%	+36.2%
TTM	35.0%	4.1%	+30.9%
YOY	33.7%	5.4%	+28.3%
5Y	32.6%	4.7%	+27.9%
10Y	25.9%	4.9%	+21.0%

Measures how much net profit Universal Display earns for each $1 of revenue.

Revenue is the amount of profit Universal Display 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 Universal Display 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 Universal Display to the Electronic Components industry mean.
Can be used to compare companies within the Electronic Components industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Universal Display. If profit margins remain low (compared to the Electronic Components 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 Universal Display is 0.39. This means that Universal Display earned $0.39 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 Electronic Components industry is 2.9%.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display with other companies in the same industry (Electronic Components).
Net profit margin should rise over the years.
Can be influenced when Universal Display sells assets (profit will increase while costs remain the same).
It won’t show what part of Universal Display 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 Universal Display

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 Universal Display = 61,978
Total revenue MRQ Universal Display = 158,320
$61,978 / $158,320 = 0.39 or 39.1%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Universal Display is using its assets to generate profit.

Above 5% is considered healthy but always compare Universal Display to the Electronic Components industry mean.
3.7% Return on Assets means that Universal Display generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Universal Display:

The MRQ is 3.7%. Using its assets, the company is less efficient in making profit.
The TTM is 3.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.7%	TTM	3.2%	+0.5%
TTM	3.2%	YOY	3.5%	-0.3%
TTM	3.2%	5Y	3.2%	0.0%
5Y	3.2%	10Y	2.6%	+0.6%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	3.7%	0.8%	+2.9%
TTM	3.2%	1.0%	+2.2%
YOY	3.5%	1.5%	+2.0%
5Y	3.2%	1.3%	+1.9%
10Y	2.6%	1.2%	+1.4%

Shows how efficient Universal Display 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 Universal Display to the Electronic Components 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 Universal Display is using its resources to generate profit. If the return on assets (3.7%) from Universal Display are higher than the Electronic Components mean (0.8%) that means Universal Display 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 Universal Display is 3.7%. This means the company generated $0.04 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Electronic Components industry is 0.8%.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

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

Income statement
Balance sheet

Net income MRQ (income statement) from Universal Display = 61,978
Total assets MRQ (balance sheet) from Universal Display = 1,668,961
61,978 / 1,668,961 = 0.04 or 3.7%

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

Above 15%-20% is considered healthy but always compare Universal Display to the Electronic Components industry mean.
4.3% Return on Equity means Universal Display generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Universal Display:

The MRQ is 4.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.3%	TTM	3.7%	+0.6%
TTM	3.7%	YOY	4.4%	-0.7%
TTM	3.7%	5Y	4.2%	-0.5%
5Y	4.2%	10Y	3.3%	+0.9%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	4.3%	1.6%	+2.7%
TTM	3.7%	2.0%	+1.7%
YOY	4.4%	3.2%	+1.2%
5Y	4.2%	2.3%	+1.9%
10Y	3.3%	2.5%	+0.8%

Shows how efficient Universal Display 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 Universal Display to the Electronic Components 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 Electronic Components 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 Universal Display is 4.3%. This means Universal Display generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Electronic Components industry is 1.6%.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display up to 10 years back (depending if Universal Display 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 Universal Display

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Universal Display = 61,978
Shareholders equity (balance sheet) MRQ Universal Display = 1,447,226
61,978 / 1,447,226 = 0.04 or 4.3%

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

1.2. Operating Efficiency of Universal Display.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Universal Display is operating .

Measures how much profit Universal Display 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 Universal Display to the Electronic Components industry mean.
An Operating Margin of 40.9% means the company generated $0.41 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Universal Display:

The MRQ is 40.9%. The company is operating very efficient. +2
The TTM is 37.5%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	40.9%	TTM	37.5%	+3.4%
TTM	37.5%	YOY	43.1%	-5.5%
TTM	37.5%	5Y	38.4%	-0.9%
5Y	38.4%	10Y	32.6%	+5.8%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	40.9%	4.4%	+36.5%
TTM	37.5%	2.2%	+35.3%
YOY	43.1%	5.6%	+37.5%
5Y	38.4%	5.4%	+33.0%
10Y	32.6%	5.2%	+27.4%

Measures how efficient Universal Display 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 Universal Display to the Electronic Components 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 Universal Display 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 Universal Display is 40.9%. This means that Universal Display earned $0.41 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Electronic Components industry is 4.4%.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Universal Display = 64,746
Total revenue MRQ Universal Display = 158,320
$64,746 / $158,320 = 0.41 or 40.9%

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 Universal Display is keeping operating costs low.

Below 1 is considered healthy (always compare to Electronic Components industry mean).
An Operation Ratio of 0.59 means that the operating costs are $0.59 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Universal Display:

The MRQ is 0.591. The company is very efficient in keeping operating costs low. +2
The TTM is 0.625. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.591	TTM	0.625	-0.034
TTM	0.625	YOY	0.569	+0.055
TTM	0.625	5Y	0.616	+0.009
5Y	0.616	10Y	0.680	-0.064

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.591	1.734	-1.143
TTM	0.625	1.726	-1.101
YOY	0.569	1.696	-1.127
5Y	0.616	1.689	-1.073
10Y	0.680	1.525	-0.845

Measures how efficient Universal Display 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 Universal Display to the Electronic Components 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 Universal Display is 59.1%. This means that Universal Display earned $0.59 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 Electronic Components industry is 1.73.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

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
(36,019 +57,555) \ 158,320 = 0.59

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 Universal Display.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Universal Display is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
A Current Ratio of 7.72 means the company has $7.72 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Universal Display:

The MRQ is 7.719. The company is very able to pay all its short-term debts. +2
The TTM is 8.388. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	7.719	TTM	8.388	-0.669
TTM	8.388	YOY	6.272	+2.116
TTM	8.388	5Y	6.126	+2.262
5Y	6.126	10Y	8.490	-2.365

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	7.719	1.899	+5.820
TTM	8.388	1.851	+6.537
YOY	6.272	1.828	+4.444
5Y	6.126	1.892	+4.234
10Y	8.490	1.747	+6.743

Measures if Universal Display 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 Electronic Components 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 Universal Display 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 Universal Display is 7.72. This means Universal Display has $7.72 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Electronic Components industry is 1.90.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
917,132 \ 118,822) = 7.72

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

Above 1 is considered healthy but always compare Universal Display to the Electronic Components industry mean.
A Quick Ratio of 9.06 means the company can pay off $9.06 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Universal Display:

The MRQ is 9.056. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 10.397. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	9.056	TTM	10.397	-1.341
TTM	10.397	YOY	7.862	+2.535
TTM	10.397	5Y	7.609	+2.788
5Y	7.609	10Y	11.990	-4.381

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	9.056	0.746	+8.310
TTM	10.397	0.746	+9.651
YOY	7.862	0.789	+7.073
5Y	7.609	0.844	+6.765
10Y	11.990	0.905	+11.085

Measures if Universal Display 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 Universal Display to the Electronic Components 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 Universal Display can pay off its short term debts. This shows if Universal Display 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 Universal Display is 9.06. This means that Universal Display can pay off $9.06 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Electronic Components industry is 0.75.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

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 Universal Display: (514,122 + 422,137 +139,850) / 118,822 = 9.06

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 Universal Display.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Universal Display assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Universal Display to Electronic Components industry mean.
A Debt to Asset Ratio of 0.13 means that Universal Display assets are financed with 13.3% credit (debt) and the remaining percentage (100% - 13.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Universal Display:

The MRQ is 0.133. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.142. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.133	TTM	0.142	-0.009
TTM	0.142	YOY	0.210	-0.068
TTM	0.142	5Y	0.231	-0.089
5Y	0.231	10Y	0.191	+0.040

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.133	0.417	-0.284
TTM	0.142	0.420	-0.278
YOY	0.210	0.442	-0.232
5Y	0.231	0.438	-0.207
10Y	0.191	0.430	-0.239

Measures how much % of Universal Display assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Universal Display to Electronic Components 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 Universal Display is 0.13. This means means that Universal Display is financed with 13.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Electronic Components industry is 189.9%.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Universal Display

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

Balance sheet
Debt to asset ratio = total debt \ total assets
221,735 \ 1,668,961 = 13.3% or 0.13.

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 Universal Display is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Universal Display to the Electronic Components industry mean.
A Debt to Equity ratio of 15.3% means that company has $0.15 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Universal Display:

The MRQ is 0.153. The company is very able to pay all its debts with equity. +2
The TTM is 0.165. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.153	TTM	0.165	-0.012
TTM	0.165	YOY	0.267	-0.102
TTM	0.165	5Y	0.306	-0.141
5Y	0.306	10Y	0.244	+0.062

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.153	0.731	-0.578
TTM	0.165	0.746	-0.581
YOY	0.267	0.833	-0.566
5Y	0.306	0.823	-0.517
10Y	0.244	0.816	-0.572

Measures if Universal Display 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 Universal Display 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 Universal Display is 0.15. This means that Universal Display can pay off $0.15 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Electronic Components industry is 0.73.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
221,735 \ 1,447,226 = 0.15 or 15.3%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Universal Display

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 Universal Display generates.

Above 15 is considered overpriced but always compare Universal Display to the Electronic Components industry mean.
A PE ratio of 36.74 means the investor is paying $36.74 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Universal Display:

The EOD is 30.078. Based on the earnings, the company is overpriced. -1
The MRQ is 36.740. Based on the earnings, the company is overpriced. -1
The TTM is 38.468. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	30.078	MRQ	36.740	-6.662
MRQ	36.740	TTM	38.468	-1.728
TTM	38.468	YOY	27.294	+11.174
TTM	38.468	5Y	152.159	-113.691
5Y	152.159	10Y	110.013	+42.145

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
EOD	30.078	14.752	+15.326
MRQ	36.740	14.988	+21.752
TTM	38.468	15.689	+22.779
YOY	27.294	14.267	+13.027
5Y	152.159	20.157	+132.002
10Y	110.013	23.597	+86.416

Measures how much money you pay for each share for every $1 in earnings Universal Display 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 Universal Display to the Electronic Components 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 Universal Display is 36.74. This means the investor is paying $36.74 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Electronic Components industry is 14.99.
What is the trend?
The trend is important because it shows you how Universal Display is performing over time. The most recent quarter might be important if Universal Display 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 Universal Display 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 Universal Display

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 47,623 = EPS
PE ratio MRQ = 36.74

* 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 Universal Display:

The EOD is 63.223. Based on how much money comes from the company's main activities, the company is overpriced. -1
The MRQ is 77.226. Based on how much money comes from the company's main activities, the company is overpriced. -1
The TTM is 38.931. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	63.223	MRQ	77.226	-14.003
MRQ	77.226	TTM	38.931	+38.295
TTM	38.931	YOY	-0.112	+39.042
TTM	38.931	5Y	127.894	-88.964
5Y	127.894	10Y	89.985	+37.909

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
EOD	63.223	5.686	+57.537
MRQ	77.226	5.777	+71.449
TTM	38.931	4.168	+34.763
YOY	-0.112	1.194	-1.306
5Y	127.894	1.978	+125.916
10Y	89.985	2.175	+87.810

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Electronic Components industry mean).
A PB ratio of 6.29 means the investor is paying $6.29 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Universal Display:

The EOD is 5.152. Based on the equity, the company is overpriced. -1
The MRQ is 6.294. Based on the equity, the company is overpriced. -1
The TTM is 5.627. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	5.152	MRQ	6.294	-1.141
MRQ	6.294	TTM	5.627	+0.667
TTM	5.627	YOY	4.710	+0.917
TTM	5.627	5Y	8.012	-2.385
5Y	8.012	10Y	7.044	+0.968

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
EOD	5.152	1.704	+3.448
MRQ	6.294	1.875	+4.419
TTM	5.627	1.895	+3.732
YOY	4.710	1.904	+2.806
5Y	8.012	2.121	+5.891
10Y	7.044	2.155	+4.889

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Universal Display

Institutions are holding 82.128% of the shares of Universal Display.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	9.5368	0.0189	4517141	5996	0.1329
2023-12-31	BlackRock Inc	8.4992	0.0196	4025687	13327	0.3321
2023-12-31	FMR Inc	4.3545	0.0303	2062557	663596	47.4349
2023-12-31	PRIMECAP Management Company	4.0373	0.2896	1912282	-104407	-5.1771
2023-12-31	State Street Corporation	3.1824	0.014	1507358	16842	1.1299
2023-12-31	UBS Asset Mgmt Americas Inc	3.1171	0.1111	1476426	-96509	-6.1356
2023-12-31	JPMorgan Chase & Co	2.6252	0.0229	1243464	282194	29.3564
2023-12-31	Macquarie Group Ltd	2.6023	0.2723	1232603	-30756	-2.4345
2023-12-31	AllianceBernstein L.P.	2.1762	0.0759	1030752	-214244	-17.2084
2023-12-31	Jennison Associates LLC	1.9066	0.1287	903068	3397	0.3776
2023-12-31	Geode Capital Management, LLC	1.6188	0.0153	766773	-37018	-4.6054
2023-12-31	Copeland Capital Management, LLC	1.1502	2.0886	544809	-14663	-2.6209
2023-12-31	NORGES BANK	1.1159	0.0177	528539	85931	19.4147
2023-12-31	Hovey Youngman Associates Inc	1.0802	12.4081	511630	-5930	-1.1458
2023-12-31	First Trust Advisors L.P.	0.9493	0.0938	449628	76967	20.6534
2023-12-31	Bank of New York Mellon Corp	0.8926	0.0164	422776	-11488	-2.6454
2023-12-31	Northern Trust Corp	0.8762	0.0144	414995	-442	-0.1064
2023-12-31	Neuberger Berman Group LLC	0.8573	0.0677	406071	19146	4.9482
2023-12-31	Hardman Johnston Global Advisors LLC	0.8086	2.3515	382977	-25512	-6.2455
2023-09-30	Point72 Asset Management, L.P.	0.7735	0.1678	366368	251777	219.718
Total		52.1602	18.2246	24705904	+878204	+3.6%

3.2. Funds holding Universal Display

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9837	0.0159	1413264	-3168	-0.2237
2024-03-28	iShares Core S&P Mid-Cap ETF	2.8612	0.2684	1355219	-1214	-0.0895
2024-02-29	Vanguard Small Cap Index	2.4485	0.1439	1159743	10819	0.9417
2023-12-31	Vanguard Capital Opportunity Inv	1.7308	0.7468	819814	0	0
2023-12-31	PRIMECAP Odyssey Aggressive Growth	1.4581	1.8379	690639	-78660	-10.2249
2024-02-29	Vanguard Small Cap Growth Index Inv	1.3744	0.3254	650989	10352	1.6159
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.362	0.1103	645121	5133	0.802
2023-12-31	Delaware Ivy Mid Cap Growth A	1.3215	1.9835	625925	-23263	-3.5834
2024-01-31	Fidelity Puritan	1.0129	0.2876	479774	21343	4.6557
2024-02-29	JPM US Technology A (dist) USD	0.9416	1.044	445990	-30636	-6.4277
2024-02-29	Vanguard Information Technology ETF	0.7939	0.0861	376035	2837	0.7602
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7347	0.2887	347986	1308	0.3773
2024-02-29	PGIM Jennison Small Company A	0.6987	1.854	330950	-28602	-7.9549
2023-12-31	UBS (Lux) ES L/T Thms $Q	0.6971	1.2421	330169	0	0
2024-03-29	VanEck Semiconductor ETF	0.6643	0.2881	314668	-1536	-0.4858
2023-12-31	UBS: US Equity Small Cap Growth	0.6411	2.3848	303662	0	0
2024-03-31	Jennison Mid Cap Growth Equity	0.6166	1.9004	292037	-36085	-10.9974
2024-03-31	Jennison Mid Cap Growth Equity SMA	0.6166	1.9004	292037	292023	2085878.5714
2024-03-28	iShares S&P Mid-Cap 400 Growth ETF	0.6074	0.5134	287707	-996	-0.345
2024-03-31	Jennison SMid Cap Core Equity	0.6066	1.5012	287298	-69730	-19.5307
Total		24.1717	18.7229	11449027	+69925	+0.6%

3.3. Insider Transactions

Insiders are holding 7.703% of the shares of Universal Display.

Date	Owner	Type	Amount	Price
2023-09-06	Mauro Premutico	SELL	9351	161.17
2023-08-09	Richard C Elias	SELL	2000	157.68
2023-06-06	Julia J Brown	SELL	1764	150.14
2023-05-16	Sidney D Rosenblatt	BUY	140	117.24
2023-05-09	Lawrence Lacerte	SELL	15000	136.73

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Universal Display 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	-	-	1.368	0.884	+55%	0.911	+50%	0.791	+73%	0.534	+156%
Book Value Per Share	-	-	30.389	28.711	+6%	25.196	+21%	21.996	+38%	16.636	+83%
Current Ratio	-	-	7.719	8.388	-8%	6.272	+23%	6.126	+26%	8.490	-9%
Debt To Asset Ratio	-	-	0.133	0.142	-6%	0.210	-37%	0.231	-42%	0.191	-30%
Debt To Equity Ratio	-	-	0.153	0.165	-7%	0.267	-43%	0.306	-50%	0.244	-37%
Dividend Per Share	-	-	0.350	0.350	0%	0.300	+16%	0.220	+59%	0.128	+173%
Eps	-	-	1.301	1.066	+22%	1.106	+18%	0.915	+42%	0.599	+117%
Free Cash Flow Per Share	-	-	0.619	0.149	+315%	0.419	+48%	0.569	+9%	0.457	+35%
Free Cash Flow To Equity Per Share	-	-	0.273	-0.234	+186%	0.079	+246%	0.290	-6%	0.280	-3%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	+0%
Intrinsic Value_10Y_max	-	-	18.409	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-20.724	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.834	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.146	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	5.517	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.673	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	9.212	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-2.834	-	-	-	-	-	-	-	-
Market Cap	7416505648.000	-23%	9108329651.380	7707103426.233	+18%	5582411878.783	+63%	7872822927.857	+16%	5641869098.928	+61%
Net Profit Margin	-	-	0.391	0.350	+12%	0.337	+16%	0.326	+20%	0.259	+51%
Operating Margin	-	-	0.409	0.375	+9%	0.431	-5%	0.384	+6%	0.326	+25%
Operating Ratio	-	-	0.591	0.625	-5%	0.569	+4%	0.616	-4%	0.680	-13%
Pb Ratio	5.152	-22%	6.294	5.627	+12%	4.710	+34%	8.012	-21%	7.044	-11%
Pe Ratio	30.078	-22%	36.740	38.468	-4%	27.294	+35%	152.159	-76%	110.013	-67%
Price Per Share	156.580	-22%	191.260	161.878	+18%	117.620	+63%	165.995	+15%	119.004	+61%
Price To Free Cash Flow Ratio	63.223	-22%	77.226	38.931	+98%	-0.112	+100%	127.894	-40%	89.985	-14%
Price To Total Gains Ratio	91.167	-22%	111.359	137.985	-19%	104.796	+6%	2028.146	-95%	1193.052	-91%
Quick Ratio	-	-	9.056	10.397	-13%	7.862	+15%	7.609	+19%	11.990	-24%
Return On Assets	-	-	0.037	0.032	+17%	0.035	+8%	0.032	+16%	0.026	+42%
Return On Equity	-	-	0.043	0.037	+16%	0.044	-2%	0.042	+2%	0.033	+31%
Total Gains Per Share	-	-	1.718	1.234	+39%	1.211	+42%	1.011	+70%	0.662	+159%
Usd Book Value	-	-	1447226000.000	1366955750.000	+6%	1195950750.000	+21%	1043800650.000	+39%	788949300.000	+83%
Usd Book Value Change Per Share	-	-	1.368	0.884	+55%	0.911	+50%	0.791	+73%	0.534	+156%
Usd Book Value Per Share	-	-	30.389	28.711	+6%	25.196	+21%	21.996	+38%	16.636	+83%
Usd Dividend Per Share	-	-	0.350	0.350	0%	0.300	+16%	0.220	+59%	0.128	+173%
Usd Eps	-	-	1.301	1.066	+22%	1.106	+18%	0.915	+42%	0.599	+117%
Usd Free Cash Flow	-	-	29486000.000	7105500.000	+315%	19902250.000	+48%	26988700.000	+9%	21660400.000	+36%
Usd Free Cash Flow Per Share	-	-	0.619	0.149	+315%	0.419	+48%	0.569	+9%	0.457	+35%
Usd Free Cash Flow To Equity Per Share	-	-	0.273	-0.234	+186%	0.079	+246%	0.290	-6%	0.280	-3%
Usd Market Cap	7416505648.000	-23%	9108329651.380	7707103426.233	+18%	5582411878.783	+63%	7872822927.857	+16%	5641869098.928	+61%
Usd Price Per Share	156.580	-22%	191.260	161.878	+18%	117.620	+63%	165.995	+15%	119.004	+61%
Usd Profit	-	-	61978000.000	50752750.000	+22%	52303000.000	+18%	43405600.000	+43%	28385975.000	+118%
Usd Revenue	-	-	158320000.000	144107250.000	+10%	154154750.000	+3%	129030850.000	+23%	93615575.000	+69%
Usd Total Gains Per Share	-	-	1.718	1.234	+39%	1.211	+42%	1.011	+70%	0.662	+159%
	EOD	+4 -4	MRQ	TTM	+27 -8	YOY	+28 -7	5Y	+31 -4	10Y	+30 -6

4.2. Fundamental Score

Let's check the fundamental score of Universal Display based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	30.078
Price to Book Ratio (EOD)	Between	0-1	5.152
Net Profit Margin (MRQ)	Greater than	0	0.391
Operating Margin (MRQ)	Greater than	0	0.409
Quick Ratio (MRQ)	Greater than	1	9.056
Current Ratio (MRQ)	Greater than	1	7.719
Debt to Asset Ratio (MRQ)	Less than	1	0.133
Debt to Equity Ratio (MRQ)	Less than	1	0.153
Return on Equity (MRQ)	Greater than	0.15	0.043
Return on Assets (MRQ)	Greater than	0.05	0.037
Total			6/10 (60.0%)

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.
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4.3. Technical Score

Let's check the technical score of Universal Display based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.226
Ma 20	Greater than	Ma 50	159.785
Ma 50	Greater than	Ma 100	166.341
Ma 100	Greater than	Ma 200	173.203
Open	Greater than	Close	155.760
Total			1/5 (20.0%)

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

Latest Balance Sheet

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

Summary

Total Assets	1,668,961
Total Liabilities	221,735
Total Stockholder Equity	1,447,226

	As reported
Total Liabilities	221,735
Total Stockholder Equity	+ 1,447,226
Total Assets	= 1,668,961

Assets

Total Assets	1,668,961
Total Current Assets	917,132
Long-term Assets	751,829

Total Current Assets

Total Current Assets (as reported)	917,132
Cash And Cash Equivalents	91,985
Short-term Investments	422,137
Net Receivables	139,850
Inventory	175,795
Other Current Assets	87,365
Total Current Assets (calculated)	917,132
+/-	0

Long-term Assets

Long-term Assets (as reported)	751,829
Property Plant Equipment	200,060
Goodwill	15,535
Long Term Investments	299,548
Intangible Assets	97,199
Long-term Assets Other	80,379
Long-term Assets (calculated)	692,721
+/-	59,108

Liabilities & Shareholders' Equity

Total Current Liabilities	118,822
Long-term Liabilities	102,913
Total Stockholder Equity	1,447,226

Total Current Liabilities

Total Current Liabilities (as reported)	118,822
Short-term Debt	52,080
Accounts payable	10,933
Other Current Liabilities	8,096
Total Current Liabilities (calculated)	71,109
+/-	47,713

Long-term Liabilities

Long-term Liabilities (as reported)	102,913
Capital Lease Obligations	22,855
Long-term Liabilities Other	54
Long-term Liabilities (calculated)	22,909
+/-	80,004

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,447,226
Common Stock	487
Retained Earnings	789,553
Accumulated Other Comprehensive Income	-1,086
Other Stockholders Equity	658,270
Total Stockholder Equity (calculated)	1,447,224
+/-	2

Other

Capital Stock	489
Cash and Short Term Investments	514,122
Common Stock Shares Outstanding	47,623
Current Deferred Revenue	47,713
Liabilities and Stockholders Equity	1,668,961
Net Debt	-69,130
Net Invested Capital	1,447,224
Net Working Capital	798,310
Property Plant and Equipment Gross	343,968
Short Long Term Debt Total	22,855

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

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2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

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2019-12-31

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2018-12-31

2018-09-30

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2018-03-31

2017-12-31

2017-09-30

2017-06-30

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2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

0
0
0
0
200
4,200
3,800
3,300
3,300
1,900
5,200
5,400
5,000
4,400
3,700
3,100
2,600
10,600
9,300
10,317
13,096
11,810
28,197
32,080
31,949
29,546
46,133
48,570
48,570
42,804
40,190
39,639
36,557
34,896
47,508
46,202
74,380
72,716
70,176
73,892
70,577
70,900
72,610
73,819
73,311
72,656
73,146
72,332
69,095
105,959
105,420
105,000
102,682
99,295
98,206
96,229
89,507
84,721
81,861
80,140
77,473
81,340
80,532
92,327
343,176
347,013
365,206
373,878
369,230
385,921
381,001
385,524
367,923
393,505
400,021
462,754
465,956
487,369
472,170
489,847
525,464
525,171
534,323
559,412
556,046
580,002
584,753
627,559
655,443
707,635
727,170
779,956
795,140
833,249
883,744
933,424
968,190
1,011,080
1,062,550
1,120,157
1,136,376
1,161,057
1,224,961
1,269,228
1,310,500
1,350,715
1,428,591
1,466,919
1,487,231
1,499,438
1,530,323
1,532,820
1,535,712
1,540,855
1,622,916
1,668,961

1,668,961

1,622,916

1,540,855

1,535,712

1,532,820

1,530,323

1,499,438

1,487,231

1,466,919

1,428,591

1,350,715

1,310,500

1,269,228

1,224,961

1,161,057

1,136,376

1,120,157

1,062,550

1,011,080

968,190

933,424

883,744

833,249

795,140

779,956

727,170

707,635

655,443

627,559

584,753

580,002

556,046

559,412

534,323

525,171

525,464

489,847

472,170

487,369

465,956

462,754

400,021

393,505

367,923

385,524

381,001

385,921

369,230

373,878

365,206

347,013

343,176

92,327

80,532

81,340

77,473

80,140

81,861

84,721

89,507

96,229

98,206

99,295

102,682

105,000

105,420

105,959

69,095

72,332

73,146

72,656

73,311

73,819

72,610

70,900

70,577

73,892

70,176

72,716

74,380

46,202

47,508

34,896

36,557

39,639

40,190

42,804

48,570

46,133

29,546

31,949

32,080

28,197

11,810

13,096

10,317

9,300

10,600

2,600

3,100

3,700

4,400

5,000

5,400

5,200

1,900

3,300

3,800

4,200

200

> Total Current Assets

0
0
0
0
200
4,200
3,600
3,100
3,100
1,800
5,100
5,300
4,900
4,200
3,500
2,900
2,500
10,100
7,600
6,579
9,050
7,806
6,564
10,922
11,095
9,124
26,379
28,458
28,458
23,369
21,603
21,408
18,159
14,563
27,852
27,874
57,102
56,359
53,841
48,035
43,340
44,327
46,362
50,323
50,511
49,607
51,529
51,805
49,223
86,822
86,902
86,770
85,105
82,362
81,505
80,370
74,480
70,453
68,456
67,630
65,793
70,434
70,328
82,400
332,594
335,782
353,661
362,304
355,331
372,069
260,490
267,545
248,088
274,051
280,302
327,048
337,729
363,411
350,998
370,505
407,340
410,220
423,895
447,684
432,395
366,320
342,030
385,370
383,742
436,885
450,651
519,182
547,964
569,365
617,791
634,840
652,172
688,694
731,016
792,439
812,071
830,159
886,154
924,606
959,335
992,892
1,055,139
925,934
959,786
932,157
977,193
899,450
950,221
878,147
878,715
917,132

917,132

878,715

878,147

950,221

899,450

977,193

932,157

959,786

925,934

1,055,139

992,892

959,335

924,606

886,154

830,159

812,071

792,439

731,016

688,694

652,172

634,840

617,791

569,365

547,964

519,182

450,651

436,885

383,742

385,370

342,030

366,320

432,395

447,684

423,895

410,220

407,340

370,505

350,998

363,411

337,729

327,048

280,302

274,051

248,088

267,545

260,490

372,069

355,331

362,304

353,661

335,782

332,594

82,400

70,328

70,434

65,793

67,630

68,456

70,453

74,480

80,370

81,505

82,362

85,105

86,770

86,902

86,822

49,223

51,805

51,529

49,607

50,511

50,323

46,362

44,327

43,340

48,035

53,841

56,359

57,102

27,874

27,852

14,563

18,159

21,408

21,603

23,369

28,458

26,379

9,124

11,095

10,922

6,564

7,806

9,050

6,579

7,600

10,100

2,500

2,900

3,500

4,200

4,900

5,300

5,100

1,800

3,100

3,600

4,200

200

Cash And Cash Equivalents

0
0
0
0
0
2,000
1,100
600
600
800
3,900
100
300
300
100
1,800
1,400
8,700
1,900
1,558
4,578
4,089
4,241
7,701
5,735
3,165
6,268
7,883
7,883
4,403
17,512
15,905
11,050
7,676
21,658
14,070
43,549
18,264
14,500
18,931
20,163
32,807
31,140
30,654
28,057
25,195
29,460
31,098
24,524
61,496
60,606
33,871
12,702
39,540
54,415
28,322
6,064
9,881
10,609
22,701
7,554
11,754
8,203
20,369
258,106
65,240
67,124
111,795
144,246
159,599
74,193
85,923
45,536
80,702
67,085
70,586
35,931
75,554
37,391
45,418
125,189
109,251
89,956
97,513
110,091
69,930
54,416
139,365
96,117
109,438
69,153
132,840
177,154
103,777
101,638
211,022
225,048
324,277
235,541
131,627
222,744
133,566
162,620
630,012
726,279
542,914
535,157
311,993
357,424
213,896
187,750
93,430
158,294
93,470
79,323
91,985

91,985

79,323

93,470

158,294

93,430

187,750

213,896

357,424

311,993

535,157

542,914

726,279

630,012

162,620

133,566

222,744

131,627

235,541

324,277

225,048

211,022

101,638

103,777

177,154

132,840

69,153

109,438

96,117

139,365

54,416

69,930

110,091

97,513

89,956

109,251

125,189

45,418

37,391

75,554

35,931

70,586

67,085

80,702

45,536

85,923

74,193

159,599

144,246

111,795

67,124

65,240

258,106

20,369

8,203

11,754

7,554

22,701

10,609

9,881

6,064

28,322

54,415

39,540

12,702

33,871

60,606

61,496

24,524

31,098

29,460

25,195

28,057

30,654

31,140

32,807

20,163

18,931

14,500

18,264

43,549

14,070

21,658

7,676

11,050

15,905

17,512

4,403

7,883

6,268

3,165

5,735

7,701

4,241

4,089

4,578

1,558

1,900

8,700

1,400

1,800

100

300

100

3,900

800

600

1,100

2,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000
5,000
4,300
4,119
3,449
1,901
2,704
3,956
4,199
3,831
4,516
4,516
2,979
2,785
4,663
6,114
5,934
5,348
12,812
12,238
36,556
37,991
26,258
21,674
8,891
12,474
17,190
19,646
21,079
17,626
17,958
22,263
22,748
23,058
49,789
69,463
40,349
24,645
49,133
66,117
58,249
55,415
41,173
55,467
54,339
56,804
52,795
66,820
261,159
270,829
234,294
194,331
190,417
164,585
158,018
175,311
163,983
181,193
202,024
230,990
215,331
230,968
243,088
203,339
246,986
271,593
297,981
269,498
246,281
231,452
188,644
228,861
256,117
296,282
287,446
280,103
353,651
391,972
304,323
301,549
228,434
361,515
514,461
417,032
510,455
510,048
99,996
720
190,540
253,786
351,194
325,055
439,449
501,051
484,345
487,812
465,679
412,350
422,137

422,137

412,350

465,679

487,812

484,345

501,051

439,449

325,055

351,194

253,786

190,540

720

99,996

510,048

510,455

417,032

514,461

361,515

228,434

301,549

304,323

391,972

353,651

280,103

287,446

296,282

256,117

228,861

188,644

231,452

246,281

269,498

297,981

271,593

246,986

203,339

243,088

230,968

215,331

230,990

202,024

181,193

163,983

175,311

158,018

164,585

190,417

194,331

234,294

270,829

261,159

66,820

52,795

56,804

54,339

55,467

41,173

55,415

58,249

66,117

49,133

24,645

40,349

69,463

49,789

23,058

22,748

22,263

17,958

17,626

21,079

19,646

17,190

12,474

8,891

21,674

26,258

37,991

36,556

12,238

12,812

5,348

5,934

6,114

4,663

2,785

2,979

4,516

3,831

4,199

3,956

2,704

1,901

3,449

4,119

4,300

5,000

1,000

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
100
200
100
100
100
200
100
300
267
41
53
167
312
280
322
423
541
541
451
600
663
881
616
609
806
1,109
1,140
954
2,588
1,146
2,175
2,283
1,944
2,276
2,534
3,741
2,113
1,771
1,838
2,490
2,395
2,315
1,730
1,793
2,450
1,813
1,761
1,886
3,344
2,399
3,885
4,696
7,248
5,985
6,541
11,761
10,727
8,708
9,580
7,871
8,657
10,527
14,451
17,785
15,657
24,508
20,500
22,107
22,075
18,164
17,378
28,350
24,729
20,866
17,984
22,476
24,994
36,321
39,702
43,256
52,355
22,768
35,583
43,207
43,129
52,124
66,952
65,774
60,452
82,592
68,498
99,350
82,261
91,327
99,629
96,235
107,639
104,947
74,933
78,193
92,664
92,677
109,390
122,192
139,850

139,850

122,192

109,390

92,677

92,664

78,193

74,933

104,947

107,639

96,235

99,629

91,327

82,261

99,350

68,498

82,592

60,452

65,774

66,952

52,124

43,129

43,207

35,583

22,768

52,355

43,256

39,702

36,321

24,994

22,476

17,984

20,866

24,729

28,350

17,378

18,164

22,075

22,107

20,500

24,508

15,657

17,785

14,451

10,527

8,657

7,871

9,580

8,708

10,727

11,761

6,541

5,985

7,248

4,696

3,885

2,399

3,344

1,886

1,761

1,813

2,450

1,793

1,730

2,315

2,395

2,490

1,838

1,771

2,113

3,741

2,534

2,276

1,944

2,283

2,175

1,146

2,588

954

1,140

1,109

806

609

616

881

663

600

451

541

423

322

280

312

167

267

300

100

200

100

200

100

Other Current Assets

0
0
0
0
0
2,200
2,500
0
2,500
1,000
1,200
5,100
4,400
3,800
3,300
1,000
900
300
400
453
311
215
254
205
1,125
436
535
355
15,518
15,536
707
177
114
337
208
154
179
378
363
238
317
414
427
498
492
701
671
606
640
739
746
674
583
741
650
463
484
560
502
411
373
456
624
1,988
1,683
2,842
1,715
1,646
2,472
3,902
4,390
3,929
7,632
6,242
6,387
6,623
11,150
13,074
13,335
4,356
3,653
4,773
4,523
2,387
4,683
5,561
7,499
6,392
5,775
7,191
9,227
10,276
14,301
20,311
11,943
6,366
5,410
8,893
10,415
21,946
15,635
33,117
30,038
20,746
39,587
55,156
48,476
20,948
29,120
38,244
30,005
45,791
37,193
33,753
83,444
87,365

87,365

83,444

33,753

37,193

45,791

30,005

38,244

29,120

20,948

48,476

55,156

39,587

20,746

30,038

33,117

15,635

21,946

10,415

8,893

5,410

6,366

11,943

20,311

14,301

10,276

9,227

7,191

5,775

6,392

7,499

5,561

4,683

2,387

4,523

4,773

3,653

4,356

13,335

13,074

11,150

6,623

6,387

6,242

7,632

3,929

4,390

3,902

2,472

1,646

1,715

2,842

1,683

1,988

624

456

373

411

502

560

484

463

650

741

583

674

746

739

640

606

671

701

492

498

427

414

317

238

363

378

179

154

208

337

114

177

707

15,536

15,518

355

535

436

1,125

205

254

215

311

453

400

300

900

1,000

3,300

3,800

4,400

5,100

1,200

1,000

2,500

2,200

> Long-term Assets

0
0
0
0
0
0
200
0
200
100
100
100
100
200
200
200
100
500
1,700
3,738
4,046
4,005
21,633
21,158
20,853
20,422
19,755
0
20,111
19,435
18,587
18,231
18,398
20,333
19,656
18,327
17,278
16,357
16,335
25,857
27,237
26,573
26,249
23,497
22,800
23,050
21,616
20,526
19,873
19,137
18,519
18,230
17,577
16,933
16,701
15,859
15,027
14,268
13,405
12,510
11,681
10,906
10,204
9,928
10,582
11,231
11,545
11,574
13,899
13,852
120,511
117,979
119,835
119,454
119,719
135,706
128,227
123,958
121,172
119,342
118,124
114,951
110,428
111,728
123,651
213,682
242,723
242,189
271,701
270,750
276,519
260,774
247,176
263,884
265,953
298,584
316,018
322,386
331,534
327,718
324,305
330,898
338,807
344,622
351,165
357,823
373,452
540,985
527,445
567,281
553,130
633,370
585,491
662,708
744,201
751,829

751,829

744,201

662,708

585,491

633,370

553,130

567,281

527,445

540,985

373,452

357,823

351,165

344,622

338,807

330,898

324,305

327,718

331,534

322,386

316,018

298,584

265,953

263,884

247,176

260,774

276,519

270,750

271,701

242,189

242,723

213,682

123,651

111,728

110,428

114,951

118,124

119,342

121,172

123,958

128,227

135,706

119,719

119,454

119,835

117,979

120,511

13,852

13,899

11,574

11,545

11,231

10,582

9,928

10,204

10,906

11,681

12,510

13,405

14,268

15,027

15,859

16,701

16,933

17,577

18,230

18,519

19,137

19,873

20,526

21,616

23,050

22,800

23,497

26,249

26,573

27,237

25,857

16,335

16,357

17,278

18,327

19,656

20,333

18,398

18,231

18,587

19,435

20,111

19,755

20,422

20,853

21,158

21,633

4,005

4,046

3,738

1,700

500

100

200

100

200

Property Plant Equipment

0
0
0
0
0
0
100
100
100
100
0
100
100
-100
-100
100
100
300
1,700
3,680
3,988
3,965
4,680
4,630
4,750
4,759
4,516
5,296
5,296
5,447
5,030
4,618
4,441
4,126
3,982
3,532
3,244
2,945
3,316
9,552
10,764
11,524
11,772
13,554
13,531
14,220
14,205
14,074
13,784
13,474
13,388
13,526
13,299
13,081
13,276
12,860
12,438
11,950
11,510
11,049
10,625
10,248
9,938
9,711
9,815
10,488
10,827
10,884
12,268
12,011
11,713
11,808
12,512
13,904
14,698
14,893
15,004
16,973
17,860
19,922
20,485
20,905
21,490
22,407
22,362
22,610
25,768
27,203
28,552
38,691
49,358
56,450
58,428
62,348
67,467
69,739
80,615
83,595
86,266
87,872
88,350
92,003
96,830
102,113
107,815
113,187
118,988
128,832
131,879
166,572
165,848
143,445
175,848
187,052
199,959
200,060

200,060

199,959

187,052

175,848

143,445

165,848

166,572

131,879

128,832

118,988

113,187

107,815

102,113

96,830

92,003

88,350

87,872

86,266

83,595

80,615

69,739

67,467

62,348

58,428

56,450

49,358

38,691

28,552

27,203

25,768

22,610

22,362

22,407

21,490

20,905

20,485

19,922

17,860

16,973

15,004

14,893

14,698

13,904

12,512

11,808

11,713

12,011

12,268

10,884

10,827

10,488

9,815

9,711

9,938

10,248

10,625

11,049

11,510

11,950

12,438

12,860

13,276

13,081

13,299

13,526

13,388

13,474

13,784

14,074

14,205

14,220

13,531

13,554

11,772

11,524

10,764

9,552

3,316

2,945

3,244

3,532

3,982

4,126

4,441

4,618

5,030

5,447

5,296

4,516

4,759

4,750

4,630

4,680

3,965

3,988

3,680

1,700

300

100

-100

100

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
15,548
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535
15,535

15,535

15,548

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
971
1,172
1,169
1,270
4,868
5,781
7,971
7,417
3,051
2,522
2,606
3,047
4,034
3,888
3,024
2,187
16,092
15,767
15,217
14,960
14,789
14,775
14,794
14,794
0
0
0
0
0
5,000
5,000
5,000
5,000
5,000
5,000
5,000
8,500
8,500
8,500
168,076
164,130
200,142
173,871
259,861
213,369
211,361
301,193
299,548

299,548

301,193

211,361

213,369

259,861

173,871

200,142

164,130

168,076

8,500

5,000

14,794

14,775

14,789

14,960

15,217

15,767

16,092

2,187

3,024

3,888

4,034

3,047

2,606

2,522

3,051

7,417

7,971

5,781

4,868

1,270

1,169

1,172

971

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,914
16,490
16,066
15,642
0
14,795
14,795
13,947
13,524
13,100
12,676
12,252
11,828
11,405
10,981
10,557
10,133
9,710
9,286
8,862
8,438
8,015
7,591
7,167
6,743
6,319
5,896
5,472
5,048
4,624
4,201
3,777
3,353
2,929
2,506
2,082
1,658
1,234
811
387
0
0
435
420
405
391
376
380
107,367
104,624
102,196
99,494
96,768
94,011
91,261
88,513
85,763
83,014
80,264
77,514
74,765
72,015
69,265
162,469
173,415
168,352
162,860
157,365
151,867
146,369
140,878
135,383
129,890
124,407
119,322
113,832
108,339
102,846
97,356
91,891
86,397
80,938
75,747
70,346
64,842
59,379
53,891
48,390
49,578
46,629
43,790
105,808
101,751
97,199

97,199

101,751

105,808

43,790

46,629

49,578

48,390

53,891

59,379

64,842

70,346

75,747

80,938

86,397

91,891

97,356

102,846

108,339

113,832

119,322

124,407

129,890

135,383

140,878

146,369

151,867

157,365

162,860

168,352

173,415

162,469

69,265

72,015

74,765

77,514

80,264

83,014

85,763

88,513

91,261

94,011

96,768

99,494

102,196

104,624

107,367

380

376

391

405

420

435

387

811

1,234

1,658

2,082

2,506

2,929

3,353

3,777

4,201

4,624

5,048

5,472

5,896

6,319

6,743

7,167

7,591

8,015

8,438

8,862

9,286

9,710

10,133

10,557

10,981

11,405

11,828

12,252

12,676

13,100

13,524

13,947

14,795

15,642

16,066

16,490

16,914

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
58
39
16,953
16,528
16,104
15,663
15,239
14,816
14,404
13,988
13,557
13,614
13,957
16,207
15,674
14,796
14,034
13,412
13,019
16,305
16,473
15,049
14,476
9,943
9,269
8,829
7,412
6,453
6,089
5,662
5,130
4,704
4,278
3,852
3,425
2,999
2,589
2,318
1,896
1,461
1,056
658
266
216
767
743
717
690
1,631
1,841
108,798
106,171
107,323
105,550
105,021
120,813
113,223
106,985
103,312
99,420
97,639
94,046
88,938
89,321
101,289
191,072
216,955
214,986
243,149
232,059
227,161
204,324
32,335
50,618
53,061
88,903
92,546
96,151
106,618
106,689
110,064
118,969
127,845
141,036
143,568
133,622
165,587
138,549
132,365
165,186
176,433
136,414
0
142,952
0
0

142,952

136,414

176,433

165,186

132,365

138,549

165,587

133,622

143,568

141,036

127,845

118,969

110,064

106,689

106,618

96,151

92,546

88,903

53,061

50,618

32,335

204,324

227,161

232,059

243,149

214,986

216,955

191,072

101,289

89,321

88,938

94,046

97,639

99,420

103,312

106,985

113,223

120,813

105,021

105,550

107,323

106,171

108,798

1,841

1,631

690

717

743

767

216

266

658

1,056

1,461

1,896

2,318

2,589

2,999

3,425

3,852

4,278

4,704

5,130

5,662

6,089

6,453

7,412

8,829

9,269

9,943

14,476

15,049

16,473

16,305

13,019

13,412

14,034

14,796

15,674

16,207

13,957

13,614

13,557

13,988

14,404

14,816

15,239

15,663

16,104

16,528

16,953

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
19,143
18,309
15,456
14,435
12,934
12,936
12,299
10,917
14,945
15,287
12,293
12,352
15,832
49,750
44,067
44,618
27,022
29,944
10,534
13,910
24,377
24,781
25,204
26,437
0
28,729
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

28,729

26,437

25,204

24,781

24,377

13,910

10,534

29,944

27,022

44,618

44,067

49,750

15,832

12,352

12,293

15,287

14,945

10,917

12,299

12,936

12,934

14,435

15,456

18,309

19,143

> Total Liabilities

0
0
0
600
1,100
0
100
100
100
100
100
300
200
200
300
500
300
700
300
890
941
812
888
2,253
1,667
1,022
8,274
10,473
10,473
12,576
3,067
5,971
5,598
6,393
6,028
7,295
6,639
7,605
8,001
14,704
14,576
15,386
18,539
16,203
14,213
13,662
16,565
17,949
15,933
15,947
15,801
15,784
14,223
14,747
18,295
19,514
19,362
19,720
20,002
20,512
18,591
25,522
29,604
34,898
36,359
29,223
29,292
31,651
29,324
33,029
32,143
35,289
28,239
36,200
34,572
35,068
32,952
38,965
32,390
41,105
76,067
84,234
82,864
92,647
85,150
86,082
88,936
99,091
90,292
99,823
104,160
120,902
152,491
182,568
208,237
242,918
251,989
260,047
275,983
308,708
289,679
321,287
345,325
356,514
358,032
359,099
392,269
367,005
355,931
334,129
318,498
257,451
236,247
202,089
240,550
221,735

221,735

240,550

202,089

236,247

257,451

318,498

334,129

355,931

367,005

392,269

359,099

358,032

356,514

345,325

321,287

289,679

308,708

275,983

260,047

251,989

242,918

208,237

182,568

152,491

120,902

104,160

99,823

90,292

99,091

88,936

86,082

85,150

92,647

82,864

84,234

76,067

41,105

32,390

38,965

32,952

35,068

34,572

36,200

28,239

35,289

32,143

33,029

29,324

31,651

29,292

29,223

36,359

34,898

29,604

25,522

18,591

20,512

20,002

19,720

19,362

19,514

18,295

14,747

14,223

15,784

15,801

15,947

15,933

17,949

16,565

13,662

14,213

16,203

18,539

15,386

14,576

14,704

8,001

7,605

6,639

7,295

6,028

6,393

5,598

5,971

3,067

12,576

10,473

8,274

1,022

1,667

2,253

888

812

941

890

300

700

300

500

300

200

300

100

1,100

600

> Total Current Liabilities

0
0
0
600
1,200
0
100
100
100
100
100
300
200
200
200
500
300
700
300
870
922
793
871
1,670
1,656
1,012
8,264
10,464
10,464
12,570
3,061
2,867
2,496
3,291
2,928
4,195
3,539
4,505
4,901
7,404
7,376
6,557
9,897
11,975
10,112
9,689
12,871
14,383
12,494
12,668
12,665
12,791
11,446
12,248
14,342
15,770
13,309
13,583
13,021
13,966
12,312
11,019
20,660
25,045
25,437
18,235
18,237
19,517
17,287
20,918
20,109
22,299
15,189
23,090
21,402
23,229
19,740
25,740
19,888
26,823
39,391
45,153
44,247
34,510
25,150
27,724
30,617
40,206
33,230
41,421
46,276
63,824
99,228
101,540
114,279
133,182
131,574
139,736
148,392
161,508
136,554
162,695
182,760
164,960
166,332
162,563
180,261
187,938
178,254
155,213
138,199
135,697
114,957
80,732
131,343
118,822

118,822

131,343

80,732

114,957

135,697

138,199

155,213

178,254

187,938

180,261

162,563

166,332

164,960

182,760

162,695

136,554

161,508

148,392

139,736

131,574

133,182

114,279

101,540

99,228

63,824

46,276

41,421

33,230

40,206

30,617

27,724

25,150

34,510

44,247

45,153

39,391

26,823

19,888

25,740

19,740

23,229

21,402

23,090

15,189

22,299

20,109

20,918

17,287

19,517

18,237

18,235

25,437

25,045

20,660

11,019

12,312

13,966

13,021

13,583

13,309

15,770

14,342

12,248

11,446

12,791

12,665

12,668

12,494

14,383

12,871

9,689

10,112

11,975

9,897

6,557

7,376

7,404

4,901

4,505

3,539

4,195

2,928

3,291

2,496

2,867

3,061

12,570

10,464

8,264

1,012

1,656

1,670

871

793

922

870

300

700

300

500

200

300

100

1,200

600

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
4
7,112
8,292
8,292
10,389
5
5
5
5
5
4
3
1
2,757
300
300
300
300
5,168
4,088
3,546
4,980
5,246
3,278
3,039
3,703
4,578
3,089
3,458
4,733
5,296
0
0
0
0
0
0
9,767
10,935
4,969
5,668
6,519
9,020
6,506
7,920
9,179
10,394
5,706
7,406
9,661
16,039
6,956
9,977
10,320
14,986
7,525
16,424
12,979
17,387
6,746
10,701
13,190
19,845
9,977
12,442
20,694
35,019
29,033
24,405
31,790
36,057
27,470
35,744
35,360
49,022
21,648
31,083
33,692
300
19,171
27,247
42,736
45,474
0
3,302
3,297
3,737
3,811
35,072
38,500
52,080

52,080

38,500

35,072

3,811

3,737

3,297

3,302

45,474

42,736

27,247

19,171

300

33,692

31,083

21,648

49,022

35,360

35,744

27,470

36,057

31,790

24,405

29,033

35,019

20,694

12,442

9,977

19,845

13,190

10,701

6,746

17,387

12,979

16,424

7,525

14,986

10,320

9,977

6,956

16,039

9,661

7,406

5,706

10,394

9,179

7,920

6,506

9,020

6,519

5,668

4,969

10,935

9,767

5,296

4,733

3,458

3,089

4,578

3,703

3,039

3,278

5,246

4,980

3,546

4,088

5,168

300

2,757

10,389

8,292

7,112

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,300

Accounts payable

0
0
0
500
800
0
100
0
100
100
100
300
200
200
200
500
300
700
300
652
709
476
871
816
1,035
277
208
649
649
321
1,177
388
330
820
442
437
429
340
560
724
763
938
699
1,250
623
1,146
584
1,809
1,138
1,801
1,234
861
1,030
1,461
1,673
1,585
1,312
1,543
1,916
1,276
1,621
1,747
1,598
2,155
2,278
3,162
5,781
4,776
4,600
7,071
5,451
7,596
5,622
10,555
8,042
5,256
8,368
12,227
7,039
9,260
6,184
6,656
10,334
6,849
7,294
6,368
5,544
8,112
11,147
17,772
13,780
13,774
10,434
7,863
13,330
10,532
7,024
7,744
9,217
13,296
10,370
10,244
9,626
13,801
14,741
10,334
10,939
14,955
27,064
14,048
13,357
9,519
9,741
7,330
20,624
10,933

10,933

20,624

7,330

9,741

9,519

13,357

14,048

27,064

14,955

10,939

10,334

14,741

13,801

9,626

10,244

10,370

13,296

9,217

7,744

7,024

10,532

13,330

7,863

10,434

13,774

13,780

17,772

11,147

8,112

5,544

6,368

7,294

6,849

10,334

6,656

6,184

9,260

7,039

12,227

8,368

5,256

8,042

10,555

5,622

7,596

5,451

7,071

4,600

4,776

5,781

3,162

2,278

2,155

1,598

1,747

1,621

1,276

1,916

1,543

1,312

1,585

1,673

1,461

1,030

861

1,234

1,801

1,138

1,809

584

1,146

623

1,250

699

938

763

724

560

340

429

437

442

820

330

388

1,177

321

649

208

277

1,035

816

871

476

709

652

300

700

300

500

200

300

100

800

500

Other Current Liabilities

0
0
0
100
400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
219
213
317
0
850
200
200
350
1,523
450
793
796
2,152
2,094
2,150
2,413
3,287
3,040
3,846
1,517
5,464
5,197
4,657
7,225
3,478
3,978
4,228
6,928
7,178
7,178
7,178
7,178
7,178
7,177
7,178
6,148
6,148
9,647
10,038
10,817
11,286
9,650
8,407
8,952
10,660
13,110
4,588
25
187
284
589
478
36
35
940
15
24
1,041
441
493
111
56
53
104
167
757
423
1,672
1,967
2,042
1,146
1,199
50
25
25
16
5,811
10,784
13,776
12,627
1,857
4,971
1,218
1,051
45,644
3,874
2,004
3,111
6,645
39,412
38,757
54,291
76,842
63,986
8,598
5,391
8,096

8,096

5,391

8,598

63,986

76,842

54,291

38,757

39,412

6,645

3,111

2,004

3,874

45,644

1,051

1,218

4,971

1,857

12,627

13,776

10,784

5,811

1,199

1,146

2,042

1,967

1,672

423

757

167

104

111

493

441

1,041

940

478

589

284

187

4,588

13,110

10,660

8,952

8,407

9,650

11,286

10,817

10,038

9,647

6,148

7,178

7,177

7,178

6,928

4,228

3,978

3,478

7,225

4,657

5,197

5,464

1,517

3,846

3,040

3,287

2,413

2,150

2,094

2,152

796

793

450

1,523

350

200

850

317

213

219

400

100

> Long-term Liabilities

0
0
0
0
-100
0
0
0
0
0
0
0
0
0
100
0
0
0
0
20
19
18
18
583
12
11
10
0
9
6
5
3,104
3,103
3,101
3,100
3,100
3,100
3,100
3,100
7,300
7,200
8,829
8,642
4,228
4,100
3,972
3,694
3,567
3,439
3,279
3,135
2,994
2,777
2,499
3,952
3,745
6,053
6,137
6,981
6,546
6,278
14,502
8,943
9,853
10,921
10,988
11,055
12,133
12,037
12,111
12,034
12,990
13,050
13,110
13,170
11,839
13,212
13,225
12,502
14,282
36,676
39,081
38,617
58,137
60,000
58,358
58,319
58,885
57,062
58,402
57,884
57,078
53,263
81,028
93,958
109,736
120,415
120,311
127,591
147,200
153,125
158,592
162,565
191,554
191,700
196,536
212,008
179,067
177,677
178,916
180,299
121,754
121,290
121,357
109,207
102,913

102,913

109,207

121,357

121,290

121,754

180,299

178,916

177,677

179,067

212,008

196,536

191,700

191,554

162,565

158,592

153,125

147,200

127,591

120,311

120,415

109,736

93,958

81,028

53,263

57,078

57,884

58,402

57,062

58,885

58,319

58,358

60,000

58,137

38,617

39,081

36,676

14,282

12,502

13,225

13,212

11,839

13,170

13,110

13,050

12,990

12,034

12,111

12,037

12,133

11,055

10,988

10,921

9,853

8,943

14,502

6,278

6,546

6,981

6,137

6,053

3,745

3,952

2,499

2,777

2,994

3,135

3,279

3,439

3,567

3,694

3,972

4,100

4,228

8,642

8,829

7,200

7,300

3,100

3,101

3,103

3,104

583

100

-100

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
19,143
18,309
15,456
14,435
12,934
12,936
12,299
10,917
14,945
15,287
12,293
12,352
15,832
49,750
44,067
44,618
27,022
29,944
10,534
13,910
24,377
24,781
25,204
26,437
0
28,729
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

28,729

26,437

25,204

24,781

24,377

13,910

10,534

29,944

27,022

44,618

44,067

49,750

15,832

12,352

12,293

15,287

14,945

10,917

12,299

12,936

12,934

14,435

15,456

18,309

19,143

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,100
3,099
3,100
3,100
3,100
3,100
3,100
3,100
3,100
3,100
4,779
4,667
4,228
4,100
3,972
3,695
3,567
3,438
3,279
3,135
2,993
2,777
2,499
3,953
3,745
6,053
6,137
6,981
6,546
6,278
14,502
8,944
9,852
10,922
10,988
11,055
12,134
12,037
12,111
12,034
12,990
13,050
13,110
13,170
11,839
13,212
13,225
12,502
14,282
36,676
39,081
38,617
58,137
60,000
58,358
58,319
58,885
57,062
58,402
57,884
57,078
53,263
81,028
93,958
109,736
113,715
114,011
120,491
140,318
146,589
151,967
155,769
191,554
191,700
181,907
212,008
151,804
151,365
178,916
180,299
92,715
0
94,162
0
0

94,162

92,715

180,299

178,916

151,365

151,804

212,008

181,907

191,700

191,554

155,769

151,967

146,589

140,318

120,491

114,011

113,715

109,736

93,958

81,028

53,263

57,078

57,884

58,402

57,062

58,885

58,319

58,358

60,000

58,137

38,617

39,081

36,676

14,282

12,502

13,225

13,212

11,839

13,170

13,110

13,050

12,990

12,034

12,111

12,037

12,134

11,055

10,988

10,922

9,852

8,944

14,502

6,278

6,546

6,981

6,137

6,053

3,745

3,953

2,499

2,777

2,993

3,135

3,279

3,438

3,567

3,695

3,972

4,100

4,228

4,667

4,779

3,100

3,099

3,100

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34,066
33,454
31,322
28,956
27,174
25,658
23,902
19,500
28,344
40,684
41,785
41,596
44,651
50,495
0
49,866
51,317
51,657
57,086
49,578
46,174
43,458
0
31,735
30,021
26,761
18,279
17,843
18,410
0
0

18,410

17,843

18,279

26,761

30,021

31,735

43,458

46,174

49,578

57,086

51,657

51,317

49,866

50,495

44,651

41,596

41,785

40,684

28,344

19,500

23,902

25,658

27,174

28,956

31,322

33,454

34,066

> Total Stockholder Equity

0
0
0
-600
-900
4,200
3,700
0
3,200
1,800
5,100
5,100
4,800
4,200
3,400
2,600
2,300
9,900
9,000
9,426
12,154
10,999
27,309
29,827
30,281
28,523
37,860
38,097
38,097
30,228
37,124
33,669
30,959
28,503
41,480
38,907
67,741
65,112
62,175
59,188
56,000
55,514
54,071
57,616
59,098
58,995
56,580
54,382
53,163
90,012
89,620
89,216
88,459
84,548
79,911
76,714
70,146
65,001
61,859
59,628
58,883
55,819
50,928
57,430
306,817
317,790
335,914
342,227
339,906
352,892
348,858
350,235
339,684
357,305
365,449
427,686
433,004
448,404
439,780
448,742
449,397
440,937
451,459
466,765
470,896
493,920
495,817
528,468
565,151
607,812
623,010
659,054
642,649
650,681
675,507
690,506
716,201
751,033
786,567
811,449
846,697
839,770
879,636
912,714
952,468
991,616
1,036,322
1,099,914
1,131,300
1,165,309
1,211,825
1,275,369
1,299,465
1,338,766
1,382,366
1,447,226

1,447,226

1,382,366

1,338,766

1,299,465

1,275,369

1,211,825

1,165,309

1,131,300

1,099,914

1,036,322

991,616

952,468

912,714

879,636

839,770

846,697

811,449

786,567

751,033

716,201

690,506

675,507

650,681

642,649

659,054

623,010

607,812

565,151

528,468

495,817

493,920

470,896

466,765

451,459

440,937

449,397

448,742

439,780

448,404

433,004

427,686

365,449

357,305

339,684

350,235

348,858

352,892

339,906

342,227

335,914

317,790

306,817

57,430

50,928

55,819

58,883

59,628

61,859

65,001

70,146

76,714

79,911

84,548

88,459

89,216

89,620

90,012

53,163

54,382

56,580

58,995

59,098

57,616

54,071

55,514

56,000

59,188

62,175

65,112

67,741

38,907

41,480

28,503

30,959

33,669

37,124

30,228

38,097

37,860

28,523

30,281

29,827

27,309

10,999

12,154

9,426

9,000

9,900

2,300

2,600

3,400

4,200

4,800

5,100

1,800

3,200

3,700

4,200

-900

-600

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
137
149
151
157
164
168
170
170
181
181
183
214
215
216
218
239
242
272
274
275
279
281
284
288
295
307
311
312
314
317
349
351
356
358
360
360
361
363
364
367
368
376
382
383
389
454
456
461
461
463
465
465
465
466
466
467
468
469
469
469
471
474
475
475
482
483
483
483
483
484
484
485
485
486
487
487
487
488
488
488
489
489
490
490
490
491
491
491
491
491
491
491
491
487
487
487
487

487

491

490

489

488

487

486

485

484

483

482

475

474

471

469

468

467

466

465

463

461

456

454

389

383

382

376

368

367

364

363

361

360

358

356

351

349

317

314

312

311

307

295

288

284

281

279

275

274

272

242

239

218

216

215

214

183

181

170

168

164

157

151

149

137

100

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-219,605
-213,871
-215,092
-204,128
-209,596
-204,211
-208,969
-193,587
-188,045
-130,159
-126,137
-105,716
-101,431
-88,305
-86,991
-98,762
-91,715
-73,627
-71,678
-49,876
-51,376
-25,557
9,844
55,617
67,725
99,126
84,360
92,346
112,337
129,552
156,309
195,036
227,286
0
280,060
273,758
307,144
353,930
396,130
427,188
463,820
500,212
535,936
563,191
602,399
653,277
676,347
709,372
0
0

709,372

676,347

653,277

602,399

563,191

535,936

500,212

463,820

427,188

396,130

353,930

307,144

273,758

280,060

227,286

195,036

156,309

129,552

112,337

92,346

84,360

99,126

67,725

55,617

9,844

-25,557

-51,376

-49,876

-71,678

-73,627

-91,715

-98,762

-86,991

-88,305

-101,431

-105,716

-126,137

-130,159

-188,045

-193,587

-208,969

-204,211

-209,596

-204,128

-215,092

-213,871

-219,605

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
-100
-100
-100
-100
-100
-100
-124
-256
-403
-557
-714
-948
-1,233
5
-1,785
-4
-1
-3
-19
-22
-15
-19
-39
-301
-268
-125
-97
-92
-80
-86
-121
-105
-122
-236
-83
-27
-45
-17
-50
33
-36
-7
126
141
105
78
26
-8
-5,480
-5,301
-6,038
-5,877
-5,944
-5,579
-5,857
-5,813
-5,599
-5,396
-5,702
-5,536
-5,327
-5,213
-4,368
-4,246
-4,147
-4,073
-4,382
-4,212
-3,958
-3,678
-9,819
-10,522
-9,701
-9,587
-10,666
-10,352
-11,571
-11,459
-11,464
-10,968
-10,451
-9,994
-16,234
-15,520
-14,805
-14,119
-16,997
-14,537
-14,781
-14,767
-36,019
-35,009
-33,772
-32,756
-18,235
-21,895
-23,178
-24,556
-18,452
-15,477
-16,312
-14,965
-1,086

-1,086

-14,965

-16,312

-15,477

-18,452

-24,556

-23,178

-21,895

-18,235

-32,756

-33,772

-35,009

-36,019

-14,767

-14,781

-14,537

-16,997

-14,119

-14,805

-15,520

-16,234

-9,994

-10,451

-10,968

-11,464

-11,459

-11,571

-10,352

-10,666

-9,587

-9,701

-10,522

-9,819

-3,678

-3,958

-4,212

-4,382

-4,073

-4,147

-4,246

-4,368

-5,213

-5,327

-5,536

-5,702

-5,396

-5,599

-5,813

-5,857

-5,579

-5,944

-5,877

-6,038

-5,301

-5,480

-8

105

141

126

-7

-36

-50

-17

-45

-27

-83

-236

-122

-105

-121

-86

-80

-92

-97

-125

-268

-301

-39

-19

-15

-22

-19

-3

-1

-4

-1,785

-1,233

-948

-714

-557

-403

-256

-124

-100

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
560,636
561,492
560,346
562,152
563,383
564,883
564,379
566,409
568,896
572,401
573,574
575,454
577,971
581,114
580,282
583,338
586,533
589,885
592,769
593,170
596,453
604,364
605,331
603,438
606,415
611,063
609,404
608,932
613,310
617,334
616,206
611,596
614,194
620,236
621,967
621,585
628,051
635,595
632,138
638,991
646,049
658,728
658,050
666,087
674,773
681,335
679,390
686,501
0
0

686,501

679,390

681,335

674,773

666,087

658,050

658,728

646,049

638,991

632,138

635,595

628,051

621,585

621,967

620,236

614,194

611,596

616,206

617,334

613,310

608,932

609,404

611,063

606,415

603,438

605,331

604,364

596,453

593,170

592,769

589,885

586,533

583,338

580,282

581,114

577,971

575,454

573,574

572,401

568,896

566,409

564,379

564,883

563,383

562,152

560,346

561,492

560,636

Treasury Stock

-41,284

-40,635

-40,158

-33,158

-17,658

-10,658

-5,202

Other Stockholders Equity

0
0
0
2,500
2,500
8,000
8,000
0
8,100
8,100
12,100
15,900
15,900
16,000
16,000
16,300
16,600
25,700
25,800
28,110
32,761
33,909
52,183
58,600
63,063
66,357
77,056
0
85,017
88,020
109,877
113,541
114,703
108,332
133,983
137,161
170,334
172,190
172,863
173,372
175,169
177,857
179,396
187,609
192,586
196,807
197,450
199,506
202,811
244,821
247,360
250,241
253,591
254,954
255,591
256,697
251,812
253,118
254,673
256,341
258,600
265,438
267,554
280,102
541,146
548,871
560,636
561,492
560,346
562,152
563,383
559,681
553,721
555,751
558,238
561,743
562,916
557,796
544,813
540,956
540,124
543,180
546,375
549,727
552,611
553,012
556,295
564,206
565,173
563,280
566,257
570,905
568,769
568,297
572,675
576,699
574,922
570,312
572,910
578,952
580,683
580,301
586,767
594,311
590,854
597,707
604,765
617,444
616,766
624,803
633,489
640,051
638,106
645,217
652,615
658,270

658,270

652,615

645,217

638,106

640,051

633,489

624,803

616,766

617,444

604,765

597,707

590,854

594,311

586,767

580,301

580,683

578,952

572,910

570,312

574,922

576,699

572,675

568,297

568,769

570,905

566,257

563,280

565,173

564,206

556,295

553,012

552,611

549,727

546,375

543,180

540,124

540,956

544,813

557,796

562,916

561,743

558,238

555,751

553,721

559,681

563,383

562,152

560,346

561,492

560,636

548,871

541,146

280,102

267,554

265,438

258,600

256,341

254,673

253,118

251,812

256,697

255,591

254,954

253,591

250,241

247,360

244,821

202,811

199,506

197,450

196,807

192,586

187,609

179,396

177,857

175,169

173,372

172,863

172,190

170,334

137,161

133,983

108,332

114,703

113,541

109,877

88,020

85,017

77,056

66,357

63,063

58,600

52,183

33,909

32,761

28,110

25,800

25,700

16,600

16,300

16,000

15,900

12,100

8,100

8,000

2,500

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	10,933	9,519	14,955	13,801	13,296	10,532	13,774	8,112	6,849	9,260	5,256	7,596	4,776	2,155	1,276	1,585	861	1,809	1,250	724	437	388	649	816	652	500	300	100	500
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	-1,086	-18,452	-18,235	-36,019	-16,997	-16,234	-11,464	-10,666	-9,819	-4,382	-4,368	-5,702	-5,857	-6,038	26	126	-50	-83	-121	-97	-39	-19	-4	-714	-124	-100	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	22,855	29,039	27,263	6,879	0	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	489	493	493	492	491	489	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	681,335	658,728	635,595	620,236	617,334	611,063	604,364	589,885	581,114	572,401	564,883	561,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	91,985	93,430	311,993	630,012	131,627	211,022	132,840	139,365	97,513	45,418	70,586	85,923	111,795	20,369	22,701	28,322	33,871	31,098	30,654	18,931	14,070	15,905	7,883	7,701	1,558	1,800	100	600	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
Cash And Short Term Investments	514,122	577,775	663,187	730,008	646,088	515,345	420,286	328,009	395,494	288,506	272,610	243,941	346,089	73,163	63,874	77,454	83,660	49,055	47,844	45,189	26,882	20,568	12,399	10,405	5,859	1,800	100	600	0
Common Stock	487	491	491	490	489	487	485	483	482	471	468	465	461	389	368	361	356	314	295	279	242	215	181	164	137	0	0	0	0
Common Stock Shares Outstanding	47,623	47,469	47,365	47,237	46,995	46,897	46,805	46,536	47,494	46,685	46,544	46,884	45,140	37,567	36,479	35,932	33,760	30,855	28,463	26,791	22,428	19,228	16,995	15,261	12,270	10,310	9,328	8,571	8,000
Common Stock Total Equity	0	491	491	490	489	487	485	483	482	471	468	465	461	389	368	361	356	314	295	279	242	215	181	164	137	0	0	0	0
Current Deferred Revenue	47,713	45,599	120,864	105,215	97,333	80,782	14,981	10,282	10,107	2,466	1,910	4,273	5,534	1,295	1,404	2,740	173	150	2,079	917	467	322	1,073	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	24,377	27,022	15,832	14,945	12,934	19,143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	18,279	0	57,086	0	41,785	23,902	31,322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	97,199	46,629	59,379	80,938	102,846	124,407	146,369	168,352	72,015	83,014	94,011	104,624	391	0	1,234	2,929	4,624	6,319	8,015	9,710	11,405	13,100	14,795	16,490	0	0	0	0	0
Inventory	175,795	183,220	134,160	91,591	63,953	70,000	36,265	17,314	12,748	37,109	10,595	11,018	3,843	0	1	2	41	31	36	20	33	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	1,668,961	1,532,820	1,466,919	1,269,228	1,120,157	933,424	779,956	627,559	559,412	489,847	462,754	385,524	373,878	92,327	80,140	96,229	105,000	72,332	73,819	73,892	46,202	39,639	48,570	32,080	10,317	3,100	5,400	3,300	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,200	0	3	9	13	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	299,548	259,861	168,076	5,000	5,000	0	14,794	14,960	2,187	3,047	7,417	1,270	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
Net Debt	-69,130	-64,391	-284,730	-621,262	-123,127	-211,022	-132,840	-139,365	-97,513	-45,418	-70,586	-85,923	-111,795	-20,369	-22,701	-28,322	-33,871	-31,098	-30,654	-14,431	-14,066	-15,897	418	-7,684	-1,538	-1,800	-100	-600	0
Net Invested Capital	1,447,224	1,275,367	1,099,912	912,712	811,447	690,504	659,052	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	139,850	92,664	107,639	82,261	60,452	43,129	52,355	24,994	24,729	22,075	15,657	8,657	10,727	7,248	3,344	2,450	2,395	2,113	1,944	2,588	806	663	541	312	267	100	100	0	0
Net Tangible Assets	0	1,213,203	1,099,912	816,239	693,066	550,562	497,148	344,579	394,748	365,726	333,673	245,609	342,225	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	798,310	763,753	737,996	759,646	630,931	501,658	455,358	345,164	413,174	343,682	303,819	245,246	342,787	57,355	53,664	64,600	73,980	37,423	38,348	40,631	23,680	18,542	17,994	9,252	5,708	2,400	5,000	3,000	0
Non Current Assets Total	751,829	633,370	540,985	344,622	327,718	298,584	260,774	242,189	111,728	119,342	135,706	117,979	11,574	9,928	12,510	15,859	18,230	20,526	23,497	25,857	18,327	18,231	20,111	21,158	3,738	200	100	200	0
Non Current Liabilities Other	54	54	1,023	134,468	48,554	23,896	33,176	27,563	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	102,913	121,754	179,067	191,554	147,200	109,736	57,078	58,885	58,137	14,282	11,839	12,990	12,133	9,853	6,546	3,745	2,994	3,567	4,228	7,300	3,100	3,104	9	583	20	0	0	0	0
Non Currrent Assets Other	80,379	109,739	135,710	103,341	86,090	64,526	604	307	174	425	242	277	299	217	227	70	80	133	1,928	6,596	3,390	514	20	16,527	58	100	0	100	0
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	136,414	138,549	141,036	107,983	88,903	27,626	16,139	15,119	13,359	19,385	277	299	216	227	70	80	90	100	4,305	135	134	21	38	0	0	0	0	0
Other Current Assets	87,365	45,791	20,948	20,746	21,946	6,366	10,276	6,392	2,387	4,356	6,623	3,929	1,646	1,988	411	463	674	606	498	238	154	177	15,518	205	453	1,000	5,100	2,500	0
Other Current Liab	8,096	76,842	6,645	4,540	1,857	5,811	50	1,967	167	111	24	36	187	10,660	11,286	6,148	7,178	7,178	3,478	5,464	3,287	2,152	450	850	219	0	0	0	100
Other Liab	0	92,715	151,804	191,554	140,324	109,736	57,078	58,885	58,137	14,282	11,839	12,990	12,134	9,852	6,546	3,745	2,993	3,567	4,228	3,100	3,100	3,100	0	0	0	0	0	0	0
Other Stockholder Equity	658,270	640,051	617,444	594,311	578,952	576,699	570,905	564,206	549,727	540,956	561,743	559,681	561,492	280,102	256,341	256,697	250,241	199,506	187,609	173,372	137,161	113,541	85,017	58,600	28,110	16,300	15,900	8,100	2,500
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	2	2	2	0	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	5	5	5	575	0	0	0	0	0
Property Plant And Equipment Gross	343,968	260,563	128,832	102,113	87,872	69,739	56,450	27,203	22,407	19,922	14,893	11,808	10,884	9,711	11,049	12,860	13,526	14,074	13,554	9,552	3,532	4,618	5,296	4,630	3,680	100	100	100	0
Property Plant And Equipment Net	200,060	143,445	128,832	102,113	87,872	69,739	56,450	27,203	22,407	19,922	14,893	11,808	10,884	9,711	11,049	12,860	13,526	14,074	13,554	9,552	3,532	4,618	5,296	4,630	3,680	100	100	100	0
Property Plant Equipment	0	143,445	128,832	102,113	96,354	69,739	56,450	27,203	22,407	19,922	14,893	11,808	10,884	9,711	11,049	12,860	13,526	14,074	13,554	9,552	3,532	4,617	5,296	4,630	0	0	0	0	0
Retained Earnings	789,553	653,277	500,212	353,930	249,003	129,552	99,126	-25,557	-73,627	-88,305	-130,159	-204,211	-213,871	-217,026	-197,109	-180,472	-161,332	-145,357	-130,170	-114,368	-98,462	-80,075	-47,102	-28,228	-18,699	-13,600	-10,800	-4,900	-3,100
Retained Earnings Total Equity	0	653,277	500,212	353,930	0	129,552	99,126	-25,557	-73,627	-88,305	-130,159	-204,211	-213,871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	22,855	29,039	27,263	8,750	8,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,500	4	9	8,301	17	20	0	0	0	0
Short Term Debt	52,080	3,737	45,474	41,404	49,022	36,057	35,019	19,845	17,387	14,986	16,039	10,394	9,020	10,935	0	5,296	4,578	5,246	5,168	300	4	5	8,292	4	0	0	0	0	0
Short Term Investments	422,137	484,345	351,194	99,996	514,461	304,323	287,446	188,644	297,981	243,088	202,024	158,018	234,294	52,795	41,173	49,133	49,789	17,958	17,190	26,258	12,812	4,663	4,516	2,704	4,300	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	1,668,961	1,532,820	1,466,919	1,269,228	1,120,157	933,424	779,956	627,559	559,412	489,847	462,754	385,524	373,878	92,327	80,140	96,229	105,000	72,332	73,819	73,892	46,202	39,639	48,570	32,080	10,317	3,100	5,400	3,300	0
Total Current Assets	917,132	899,450	925,934	924,606	792,439	634,840	519,182	385,370	447,684	370,505	327,048	267,545	362,304	82,400	67,630	80,370	86,770	51,805	50,323	48,035	27,874	21,408	28,458	10,922	6,579	2,900	5,300	3,100	0
Total Current Liabilities	118,822	135,697	187,938	164,960	161,508	133,182	63,824	40,206	34,510	26,823	23,229	22,299	19,517	25,045	13,966	15,770	12,791	14,383	11,975	7,404	4,195	2,867	10,464	1,670	870	500	300	100	600
Total Liab	221,735	257,451	367,005	356,514	308,708	242,918	120,902	99,091	92,647	41,105	35,068	35,289	31,651	34,898	20,512	19,514	15,784	17,949	16,203	14,704	7,295	5,971	10,473	2,253	890	500	300	100	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
Total Stockholder Equity	1,447,226	1,275,369	1,099,914	912,714	811,449	690,506	659,054	528,468	466,765	448,742	427,686	350,235	342,227	57,430	59,628	76,714	89,216	54,382	57,616	59,188	38,907	33,669	38,097	29,827	9,426	2,600	5,100	3,200	-600
Treasury Stock	0	-41,284	-41,284	-41,284	-41,284	-40,635	-40,158	-40,158	-40,158	-40,158	-10,658	-5,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	10,933	20,624	7,330	9,741	9,519	13,357	14,048	27,064	14,955	10,939	10,334	14,741	13,801	9,626	10,244	10,370	13,296	9,217	7,744	7,024	10,532	13,330	7,863	10,434	13,774	13,780	17,772	11,147	8,112	5,544	6,368	7,294	6,849	10,334	6,656	6,184	9,260	7,039	12,227	8,368	5,256	8,042	10,555	5,622	7,596	5,451	7,071	4,600	4,776	5,781	3,162	2,278	2,155	1,598	1,747	1,621	1,276	1,916	1,543	1,312	1,585	1,673	1,461	1,030	861	1,234	1,801	1,138	1,809	584	1,146	623	1,250	699	938	763	724	560	340	429	437	442	820	330	388	1,177	321	649	649	208	277	1,035	816	871	476	709	652	300	700	300	500	200	200	200	300	100	100	100	0	100	0	800	500	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	-1,086	-14,965	-16,312	-15,477	-18,452	-24,556	-23,178	-21,895	-18,235	-32,756	-33,772	-35,009	-36,019	-14,767	-14,781	-14,537	-16,997	-14,119	-14,805	-15,520	-16,234	-9,994	-10,451	-10,968	-11,464	-11,459	-11,571	-10,352	-10,666	-9,587	-9,701	-10,522	-9,819	-3,678	-3,958	-4,212	-4,382	-4,073	-4,147	-4,246	-4,368	-5,213	-5,327	-5,536	-5,702	-5,396	-5,599	-5,813	-5,857	-5,579	-5,944	-5,877	-6,038	-5,301	-5,480	-8	26	78	105	141	126	-7	-36	33	-50	-17	-45	-27	-83	-236	-122	-105	-121	-86	-80	-92	-97	-125	-268	-301	-39	-19	-15	-22	-19	-3	-1	-4	-1,785	5	-1,233	-948	-714	-557	-403	-256	-124	-100	-100	-100	-100	-100	-100	0	0	0	0	0	0	0	0	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Lease Obligations	22,855	23,380	27,195	28,154	29,039	24,838	25,242	26,312	27,263	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	489	489	489	489	493	493	493	493	493	493	493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	686,501	679,390	681,335	674,773	666,087	658,050	658,728	646,049	638,991	632,138	635,595	628,051	621,585	621,967	620,236	614,194	611,596	616,206	617,334	613,310	608,932	609,404	611,063	606,415	603,438	605,331	604,364	596,453	593,170	592,769	589,885	586,533	583,338	580,282	581,114	577,971	575,454	573,574	572,401	568,896	566,409	564,379	564,883	563,383	562,152	560,346	561,492	560,636	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91,985	79,323	93,470	158,294	93,430	187,750	213,896	357,424	311,993	535,157	542,914	726,279	630,012	162,620	133,566	222,744	131,627	235,541	324,277	225,048	211,022	101,638	103,777	177,154	132,840	69,153	109,438	96,117	139,365	54,416	69,930	110,091	97,513	89,956	109,251	125,189	45,418	37,391	75,554	35,931	70,586	67,085	80,702	45,536	85,923	74,193	159,599	144,246	111,795	67,124	65,240	258,106	20,369	8,203	11,754	7,554	22,701	10,609	9,881	6,064	28,322	54,415	39,540	12,702	33,871	60,606	61,496	24,524	31,098	29,460	25,195	28,057	30,654	31,140	32,807	20,163	18,931	14,500	18,264	43,549	14,070	21,658	7,676	11,050	15,905	17,512	4,403	7,883	7,883	6,268	3,165	5,735	7,701	4,241	4,089	4,578	1,558	1,900	8,700	1,400	1,800	100	300	300	100	3,900	800	600	600	1,100	2,000	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	0	0	-	-	-	-
Cash And Short Term Investments	514,122	491,673	559,149	646,106	577,775	688,801	653,345	682,479	663,187	788,943	733,454	726,999	730,008	672,668	644,021	639,776	646,088	597,056	552,711	526,597	515,345	493,610	457,428	457,257	420,286	365,435	365,555	324,978	328,009	285,868	316,211	379,589	395,494	361,549	356,237	328,528	288,506	268,359	290,885	266,921	272,610	248,278	244,685	220,847	243,941	238,778	350,016	338,577	346,089	337,954	326,399	324,925	73,163	65,007	66,093	63,021	63,874	66,024	68,130	72,181	77,454	79,060	79,889	82,165	83,660	83,664	84,243	46,787	49,055	47,086	46,274	47,703	47,844	43,614	41,698	41,838	45,189	52,490	54,821	55,787	26,882	27,006	13,610	17,164	20,568	20,297	7,382	12,399	0	10,099	7,364	9,690	10,405	6,142	7,538	8,698	5,859	6,900	9,700	1,400	1,800	100	300	300	100	3,900	800	600	0	1,100	2,000	0	-	-	-	-
Common Stock	487	487	487	487	491	491	491	491	491	491	491	491	490	490	490	489	489	488	488	488	487	487	487	486	485	485	484	484	483	483	483	483	482	475	475	474	471	469	469	469	468	467	466	466	465	465	465	463	461	461	456	454	389	383	382	376	368	367	364	363	361	360	360	358	356	351	349	317	314	312	311	307	295	288	284	281	279	275	274	272	242	239	218	216	215	214	183	181	181	170	170	168	164	157	151	149	137	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	47,623	47,632	47,618	47,567	47,493	47,467	47,458	47,440	47,387	47,363	47,357	47,330	47,299	47,260	47,244	47,123	47,032	47,014	46,997	46,932	46,918	46,915	46,901	46,849	46,826	46,872	46,810	46,743	47,038	46,948	47,042	46,908	46,865	46,723	46,388	46,214	46,351	46,634	46,615	46,651	46,532	46,595	46,496	45,823	45,823	46,006	46,857	45,749	45,749	46,800	45,201	38,896	38,896	37,741	37,362	37,029	37,029	36,482	36,383	36,300	36,300	35,989	35,901	35,771	35,771	34,986	33,143	31,523	31,523	31,151	30,982	30,030	30,030	28,618	28,246	28,029	28,029	27,366	27,287	24,688	24,688	22,505	21,654	21,544	21,544	19,106	18,183	18,435	18,435	17,025	16,903	16,715	16,430	15,357	15,043	15,027	15,027	14,286	12,143	10,000	10,000	10,000	10,000	10,000	10,000	8,750	8,889	8,571	8,571	10,000	8,000	7,500	8,000	8,000	8,000	8,000
Common Stock Total Equity	0	0	487	487	491	491	491	491	491	491	491	491	490	490	490	489	489	488	488	488	487	487	487	486	485	485	484	484	483	483	483	483	482	475	475	474	471	469	469	469	468	467	466	466	465	465	465	463	461	461	456	454	389	383	382	376	368	367	364	363	361	360	360	358	356	351	349	317	314	312	311	307	295	288	284	281	279	275	274	272	242	239	218	216	215	214	183	181	181	170	170	168	164	157	151	149	137	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	47,713	66,828	29,732	37,419	45,599	67,254	99,106	111,778	120,864	123,475	122,978	128,546	105,215	138,391	120,150	99,565	97,333	91,188	82,472	86,296	80,782	69,143	69,247	59,736	14,981	10,603	10,061	10,064	10,282	10,211	10,232	10,353	10,107	20,830	22,020	25,626	2,466	2,036	3,095	3,375	1,910	3,684	4,189	3,826	4,273	5,001	5,338	5,897	5,534	5,912	4,817	5,081	1,295	344	865	1,042	1,404	288	2,002	2,351	2,740	1,788	150	150	173	550	650	900	150	378	769	1,424	2,079	1,673	662	1,117	917	67	317	67	467	67	317	67	322	1,084	1,067	1,073	0	594	531	416	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	28,729	0	26,437	25,204	24,781	24,377	13,910	10,534	29,944	27,022	44,618	44,067	49,750	15,832	12,352	12,293	15,287	14,945	10,917	12,299	12,936	12,934	14,435	15,456	18,309	19,143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	18,410	17,843	18,279	26,761	30,021	31,735	0	43,458	46,174	49,578	57,086	51,657	51,317	49,866	0	50,495	44,651	41,596	41,785	40,684	28,344	19,500	23,902	25,658	27,174	28,956	31,322	33,454	34,066	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,535	15,548	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	97,199	101,751	105,808	43,790	46,629	49,578	48,390	53,891	59,379	64,842	70,346	75,747	80,938	86,397	91,891	97,356	102,846	108,339	113,832	119,322	124,407	129,890	135,383	140,878	146,369	151,867	157,365	162,860	168,352	173,415	162,469	69,265	72,015	74,765	77,514	80,264	83,014	85,763	88,513	91,261	94,011	96,768	99,494	102,196	104,624	107,367	380	376	391	405	420	435	0	0	387	811	1,234	1,658	2,082	2,506	2,929	3,353	3,777	4,201	4,624	5,048	5,472	5,896	6,319	6,743	7,167	7,591	8,015	8,438	8,862	9,286	9,710	10,133	10,557	10,981	11,405	11,828	12,252	12,676	13,100	13,524	13,947	14,795	14,795	0	15,642	16,066	16,490	16,914	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Inventory	175,795	181,406	175,855	174,245	183,220	180,194	165,635	143,240	134,160	121,485	104,653	101,422	91,591	84,098	84,523	74,068	63,953	57,771	60,138	68,041	70,000	69,031	56,043	53,638	36,265	32,733	24,437	16,668	17,314	16,103	16,467	14,709	12,748	13,688	16,969	38,967	37,109	29,834	20,664	14,592	10,595	7,852	8,673	9,082	11,018	9,451	8,571	5,574	3,843	2,231	0	0	0	0	0	1	1	43	1	2	2	2	2	41	41	2	2	25	31	31	98	40	36	38	40	40	20	34	21	27	33	29	0	0	0	0	0	17,628	0	15,321	1,003	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	1,668,961	1,622,916	1,540,855	1,535,712	1,532,820	1,530,323	1,499,438	1,487,231	1,466,919	1,428,591	1,350,715	1,310,500	1,269,228	1,224,961	1,161,057	1,136,376	1,120,157	1,062,550	1,011,080	968,190	933,424	883,744	833,249	795,140	779,956	727,170	707,635	655,443	627,559	584,753	580,002	556,046	559,412	534,323	525,171	525,464	489,847	472,170	487,369	465,956	462,754	400,021	393,505	367,923	385,524	381,001	385,921	369,230	373,878	365,206	347,013	343,176	92,327	80,532	81,340	77,473	80,140	81,861	84,721	89,507	96,229	98,206	99,295	102,682	105,000	105,420	105,959	69,095	72,332	73,146	72,656	73,311	73,819	72,610	70,900	70,577	73,892	70,176	72,716	74,380	46,202	47,508	34,896	36,557	39,639	40,190	42,804	48,570	48,570	46,133	29,546	31,949	32,080	28,197	11,810	13,096	10,317	9,300	10,600	2,600	3,100	3,700	4,400	5,000	5,400	5,200	1,900	3,300	3,300	3,800	4,200	200	-	-	-	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,975	4,050	4,101	4,200	0	0	0	0	0	1	3	3	5	6	7	9	9	11	12	13	17	18	20	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	299,548	301,193	211,361	213,369	259,861	173,871	200,142	164,130	168,076	8,500	8,500	8,500	5,000	5,000	5,000	5,000	5,000	5,000	5,000	0	0	0	0	0	14,794	14,794	14,775	14,789	14,960	15,217	15,767	16,092	2,187	3,024	3,888	4,034	3,047	2,606	2,522	3,051	7,417	7,971	5,781	4,868	1,270	1,169	1,172	971	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	-69,130	-55,943	-66,275	-130,140	-64,391	-162,912	-188,654	-331,112	-284,730	-535,157	-542,914	-726,279	-630,012	-161,569	-133,566	-222,744	-131,627	-235,541	-324,277	-225,048	-211,022	-101,638	-103,777	-177,154	-132,840	-69,153	-109,438	-96,117	-139,365	-54,416	-69,930	-110,091	-97,513	-89,956	-109,251	-125,189	-45,418	-37,391	-75,554	-35,931	-70,586	-67,085	-80,702	-45,536	-85,923	-74,193	-159,599	-144,246	-111,795	-67,124	-65,240	-258,106	-20,369	-8,203	-11,754	-7,554	-22,701	-10,609	-9,881	-6,064	-28,322	-54,415	-39,540	-12,702	-33,871	-60,606	-61,496	-24,524	-31,098	-29,460	-25,195	-28,057	-30,654	-26,865	-28,457	-15,763	-14,431	-14,500	-18,263	-43,546	-14,066	-21,653	-7,670	-11,042	-15,897	-17,503	5,992	418	418	854	-3,151	-5,719	-7,684	-4,223	-4,070	-4,559	-1,538	-1,900	-8,700	-1,400	-1,800	-100	-300	-300	-100	-3,900	-800	-600	-600	-1,100	-2,000	0	-	-	-	-
Net Invested Capital	1,447,224	1,382,364	1,338,764	1,299,463	1,275,367	1,211,823	1,165,307	1,131,298	1,099,912	1,036,320	991,614	952,466	912,712	879,634	839,768	846,695	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	139,850	122,192	109,390	92,677	92,664	78,193	74,933	104,947	107,639	96,235	99,629	91,327	82,261	99,350	68,498	82,592	60,452	65,774	66,952	52,124	43,129	43,207	35,583	22,768	52,355	43,256	39,702	36,321	24,994	22,476	17,984	20,866	24,729	28,350	17,378	18,164	22,075	22,107	20,500	24,508	15,657	17,785	14,451	10,527	8,657	7,871	9,580	8,708	10,727	11,761	6,541	5,985	7,248	4,696	3,885	2,399	3,344	1,886	1,761	1,813	2,450	1,793	1,730	2,315	2,395	2,490	1,838	1,771	2,113	3,741	2,534	2,276	1,944	2,283	2,175	1,146	2,588	954	1,140	1,109	806	609	616	881	663	600	451	541	541	423	322	280	312	167	53	41	267	300	100	200	100	100	100	200	100	0	0	0	0	0	0	0	-	-	-	-
Net Tangible Assets	0	0	1,217,421	1,240,138	1,213,203	1,146,710	1,101,382	1,061,872	1,099,912	955,943	905,733	861,184	816,239	777,702	732,342	733,804	693,066	662,691	621,664	581,342	550,562	530,080	499,761	486,234	497,148	455,606	434,910	386,754	344,579	306,852	331,449	401,629	394,748	376,692	363,421	369,131	365,726	354,015	359,889	341,741	333,673	268,679	257,809	237,486	245,609	348,856	352,890	339,904	342,225	335,912	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	798,310	747,372	797,415	835,264	763,753	838,994	776,944	781,532	737,996	874,878	830,329	793,003	759,646	703,394	667,464	675,517	630,931	582,624	548,958	520,598	501,658	503,512	467,825	448,736	455,358	404,375	395,464	350,512	345,164	311,413	338,596	407,245	413,174	379,648	365,067	367,949	343,682	331,110	337,671	317,989	303,819	258,900	250,961	232,899	245,246	240,381	351,151	338,044	342,787	335,424	317,547	307,156	57,355	49,667	59,415	53,481	53,664	55,435	56,870	61,171	64,600	67,163	70,114	73,659	73,980	74,236	74,154	36,729	37,423	38,658	39,917	40,398	38,348	36,465	37,771	35,963	40,631	48,940	51,855	53,563	23,680	24,924	11,272	15,663	18,542	18,542	10,800	17,994	17,994	18,115	8,113	9,440	9,252	5,693	7,013	8,128	5,708	7,300	9,400	2,200	2,400	3,300	4,000	4,700	5,000	5,000	1,700	3,000	3,000	3,500	0	-1,000	-	-	-	-
Non Current Assets Total	751,829	744,201	662,708	585,491	633,370	553,130	567,281	527,445	540,985	373,452	357,823	351,165	344,622	338,807	330,898	324,305	327,718	331,534	322,386	316,018	298,584	265,953	263,884	247,176	260,774	276,519	270,750	271,701	242,189	242,723	213,682	123,651	111,728	110,428	114,951	118,124	119,342	121,172	123,958	128,227	135,706	119,719	119,454	119,835	117,979	120,511	13,852	13,899	11,574	11,545	11,231	10,582	9,928	10,204	10,906	11,681	12,510	13,405	14,268	15,027	15,859	16,701	16,933	17,577	18,230	18,519	19,137	19,873	20,526	21,616	23,050	22,800	23,497	26,249	26,573	27,237	25,857	16,335	16,357	17,278	18,327	19,656	20,333	18,398	18,231	18,587	19,435	20,111	0	19,755	20,422	20,853	21,158	21,633	4,005	4,046	3,738	1,700	500	100	200	200	200	100	100	100	100	200	0	200	0	0	-	-	-	-
Non Current Liabilities Other	54	54	102,947	103,447	54	153,538	148,895	145,942	1,023	168,550	70,396	142,122	134,468	110,908	107,275	103,259	48,554	31,089	30,283	78,819	67,951	53,274	52,684	33,763	33,176	32,226	31,228	28,106	27,563	24,865	24,292	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	102,913	109,207	121,357	121,290	121,754	180,299	178,916	177,677	179,067	212,008	196,536	191,700	191,554	162,565	158,592	153,125	147,200	127,591	120,311	120,415	109,736	93,958	81,028	53,263	57,078	57,884	58,402	57,062	58,885	58,319	58,358	60,000	58,137	38,617	39,081	36,676	14,282	12,502	13,225	13,212	11,839	13,170	13,110	13,050	12,990	12,034	12,111	12,037	12,133	11,055	10,988	10,921	9,853	8,943	14,502	6,278	6,546	6,981	6,137	6,053	3,745	3,952	2,499	2,777	2,994	3,135	3,279	3,439	3,567	3,694	3,972	4,100	4,228	8,642	8,829	7,200	7,300	3,100	3,100	3,100	3,100	3,100	3,101	3,103	3,104	5	6	9	0	10	11	12	583	18	18	19	20	0	0	0	0	100	0	0	0	0	0	0	0	0	0	-100	-	-	-	-
Non Currrent Assets Other	80,379	76,126	72,588	73,657	109,739	105,293	99,644	126,222	135,710	133,111	114,676	106,704	103,341	103,067	96,394	89,335	86,090	89,957	79,220	75,765	64,526	39,151	40,084	2,391	604	347	317	215	307	423	543	645	174	232	345	405	425	508	494	602	242	282	275	259	277	262	289	284	299	312	323	332	217	266	271	246	227	238	237	83	70	72	75	77	80	82	191	193	133	668	1,662	1,678	1,928	6,038	6,187	7,187	6,596	2,885	2,855	3,053	3,390	3,846	3,955	1,281	514	34	40	20	20	15,239	20	37	16,527	39	39	58	58	0	200	100	100	300	300	0	0	100	0	100	100	100	0	0	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	0	142,952	0	136,414	176,433	165,186	132,365	138,549	165,587	133,622	143,568	141,036	127,845	118,969	110,064	106,689	106,618	96,151	92,546	88,903	53,061	50,618	32,335	204,324	227,161	232,059	243,149	214,986	216,955	191,072	101,289	89,321	88,938	94,046	97,639	99,420	103,312	106,985	113,223	120,813	105,021	105,550	107,323	106,171	108,798	1,841	1,631	690	717	743	767	216	266	658	1,056	1,461	1,896	2,318	2,589	2,999	3,425	3,852	4,278	4,704	5,130	5,662	6,089	6,453	7,412	8,829	9,269	9,943	14,476	15,049	16,473	16,305	13,019	13,412	14,034	14,796	15,674	16,207	13,957	13,614	13,557	13,988	14,404	14,816	15,239	15,663	16,104	16,528	16,953	39	58	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Assets	87,365	83,444	33,753	37,193	45,791	30,005	38,244	29,120	20,948	48,476	55,156	39,587	20,746	30,038	33,117	15,635	21,946	10,415	8,893	5,410	6,366	11,943	20,311	14,301	10,276	9,227	7,191	5,775	6,392	7,499	5,561	4,683	2,387	4,523	4,773	3,653	4,356	13,335	13,074	11,150	6,623	6,387	6,242	7,632	3,929	4,390	3,902	2,472	1,646	1,715	2,842	1,683	1,988	624	456	373	411	502	560	484	463	650	741	583	674	746	739	640	606	671	701	492	498	427	414	317	238	363	378	179	154	208	337	114	177	707	15,536	15,518	355	535	436	1,125	205	254	215	311	453	400	300	900	1,000	3,300	3,800	4,400	5,100	1,200	1,000	2,500	0	2,500	2,200	0	-	-	-	-
Other Current Liab	8,096	5,391	8,598	63,986	76,842	54,291	38,757	39,412	6,645	3,111	2,004	3,874	45,644	1,051	1,218	4,971	1,857	12,627	13,776	10,784	5,811	16	25	25	50	1,199	1,146	2,042	1,967	1,672	423	757	167	104	53	56	111	493	441	1,041	24	15	940	35	36	478	589	284	187	25	4,588	13,110	10,660	8,952	8,407	9,650	11,286	10,817	10,038	9,647	6,148	6,148	7,178	7,177	7,178	7,178	7,178	7,178	7,178	6,928	4,228	3,978	3,478	7,225	4,657	5,197	5,464	1,517	3,846	3,040	3,287	2,413	2,150	2,094	2,152	796	793	450	1,523	350	200	200	850	0	317	213	219	0	0	0	0	0	0	0	0	0	0	0	0	0	0	400	100	-	-	-
Other Liab	0	0	94,162	0	92,715	180,299	178,916	151,365	151,804	212,008	181,907	191,700	191,554	155,769	151,967	146,589	140,318	120,491	114,011	113,715	109,736	93,958	81,028	53,263	57,078	57,884	58,402	57,062	58,885	58,319	58,358	60,000	58,137	38,617	39,081	36,676	14,282	12,502	13,225	13,212	11,839	13,170	13,110	13,050	12,990	12,034	12,111	12,037	12,134	11,055	10,988	10,922	9,852	8,944	14,502	6,278	6,546	6,981	6,137	6,053	3,745	3,953	2,499	2,777	2,993	3,135	3,279	3,438	3,567	3,695	3,972	4,100	4,228	4,667	4,779	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,099	3,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	658,270	652,615	645,217	638,106	640,051	633,489	624,803	616,766	617,444	604,765	597,707	590,854	594,311	586,767	580,301	580,683	578,952	572,910	570,312	574,922	576,699	572,675	568,297	568,769	570,905	566,257	563,280	565,173	564,206	556,295	553,012	552,611	549,727	546,375	543,180	540,124	540,956	544,813	557,796	562,916	561,743	558,238	555,751	553,721	559,681	563,383	562,152	560,346	561,492	560,636	548,871	541,146	280,102	267,554	265,438	258,600	256,341	254,673	253,118	251,812	256,697	255,591	254,954	253,591	250,241	247,360	244,821	202,811	199,506	197,450	196,807	192,586	187,609	179,396	177,857	175,169	173,372	172,863	172,190	170,334	137,161	133,983	108,332	114,703	113,541	109,877	88,020	85,017	0	77,056	66,357	63,063	58,600	52,183	33,909	32,761	28,110	25,800	25,700	16,600	16,300	16,000	16,000	15,900	15,900	12,100	8,100	8,100	0	8,000	8,000	2,500	2,500	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Preferred Stock Total Equity	0	0	2	2	2	2	2	2	2	2	2	2	2	2	2	2	0	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	575	5	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Gross	343,968	336,979	317,151	299,236	260,563	276,182	0	0	128,832	0	113,187	107,815	102,113	96,830	92,003	88,350	87,872	86,266	83,595	80,615	69,739	67,467	62,348	58,428	56,450	49,358	38,691	28,552	27,203	25,768	22,610	22,362	22,407	21,490	20,905	20,485	19,922	17,860	16,973	15,004	14,893	14,698	13,904	12,512	11,808	11,713	12,011	12,268	10,884	10,827	10,488	9,815	9,711	9,938	10,248	10,625	11,049	11,510	11,950	12,438	12,860	13,276	13,081	13,299	13,526	13,388	13,474	13,784	14,074	14,205	14,220	13,531	13,554	11,772	11,524	10,764	9,552	3,316	2,945	3,244	3,532	3,982	4,126	4,441	4,618	5,030	5,447	5,296	5,296	4,516	4,759	4,750	4,630	4,680	3,965	3,988	3,680	1,700	300	100	100	-100	-100	100	100	0	100	100	100	100	0	0	-	-	-	-
Property Plant And Equipment Net	200,060	199,959	187,052	175,848	143,445	165,848	166,572	131,879	128,832	118,988	113,187	107,815	102,113	96,830	92,003	88,350	87,872	86,266	83,595	80,615	69,739	67,467	62,348	58,428	56,450	49,358	38,691	28,552	27,203	25,768	22,610	22,362	22,407	21,490	20,905	20,485	19,922	17,860	16,973	15,004	14,893	14,698	13,904	12,512	11,808	11,713	12,011	12,268	10,884	10,827	10,488	9,815	9,711	9,938	10,248	10,625	11,049	11,510	11,950	12,438	12,860	13,276	13,081	13,299	13,526	13,388	13,474	13,784	14,074	14,205	14,220	13,531	13,554	11,772	11,524	10,764	9,552	3,316	2,945	3,244	3,532	3,982	4,126	4,441	4,618	5,030	5,447	5,296	0	4,516	4,759	4,750	4,630	4,680	3,965	3,988	3,680	1,700	300	100	100	-100	-100	100	100	0	100	100	0	100	0	0	-	-	-	-
Property Plant Equipment	0	0	157,566	145,281	143,445	137,713	138,028	131,879	128,832	118,988	129,820	107,815	102,113	96,830	92,003	88,350	97,648	96,042	83,595	80,615	69,739	67,467	62,348	58,428	56,450	49,358	38,691	28,552	27,203	25,768	22,610	22,362	22,407	21,490	20,905	20,485	19,922	17,860	16,973	15,004	14,893	14,698	13,904	12,512	11,808	11,713	12,011	12,268	10,884	10,827	10,488	9,815	9,711	9,938	10,248	10,624	11,049	11,510	11,950	12,438	12,860	13,276	13,081	13,299	13,526	13,388	13,475	13,783	14,074	14,205	14,220	13,531	13,554	11,772	11,524	10,764	9,552	3,316	2,945	3,244	3,532	3,982	4,126	4,441	4,617	5,030	5,447	5,717	5,296	4,516	4,759	4,750	4,630	4,680	3,965	3,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	789,553	744,227	709,372	676,347	653,277	602,399	563,191	535,936	500,212	463,820	427,188	396,130	353,930	307,144	273,758	280,060	249,003	227,286	195,036	156,309	129,552	112,337	92,346	84,360	99,126	67,725	55,617	9,844	-25,557	-51,376	-49,876	-71,678	-73,627	-91,715	-98,762	-86,991	-88,305	-101,431	-105,716	-126,137	-130,159	-188,045	-193,587	-208,969	-204,211	-209,596	-204,128	-215,092	-213,871	-219,605	-225,594	-228,907	-217,026	-211,710	-204,523	-200,087	-197,109	-193,261	-188,588	-182,173	-180,472	-176,035	-170,732	-165,526	-161,332	-158,076	-155,116	-149,940	-145,357	-140,948	-138,005	-133,692	-130,170	-125,528	-122,549	-119,359	-114,368	-110,843	-107,090	-102,570	-98,462	-92,728	-80,036	-83,943	-80,075	-72,968	-57,978	-47,102	-47,102	-39,377	-36,776	-32,007	-28,228	-24,479	-22,660	-20,503	-18,699	-16,800	-15,800	-14,200	-13,600	-12,500	-11,700	-11,100	-10,800	-7,000	-6,300	-4,900	-4,900	-4,300	-3,800	-3,400	-3,100	-	-	-
Retained Earnings Total Equity	0	0	709,372	676,347	653,277	602,399	563,191	535,936	500,212	463,820	427,188	396,130	353,930	307,144	273,758	280,060	0	227,286	195,036	156,309	129,552	112,337	92,346	84,360	99,126	67,725	55,617	9,844	-25,557	-51,376	-49,876	-71,678	-73,627	-91,715	-98,762	-86,991	-88,305	-101,431	-105,716	-126,137	-130,159	-188,045	-193,587	-208,969	-204,211	-209,596	-204,128	-215,092	-213,871	-219,605	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,855	23,380	27,195	28,154	29,039	24,838	25,242	26,312	27,263	0	0	0	0	1,051	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,275	4,350	4,400	4,500	0	1	3	4	5	6	7	9	10	10,395	8,301	8,301	7,122	15	16	17	18	18	19	20	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Term Debt	52,080	38,500	35,072	3,811	3,737	3,297	3,302	0	45,474	42,736	27,247	19,171	300	33,692	31,083	21,648	49,022	35,360	35,744	27,470	36,057	31,790	24,405	29,033	35,019	20,694	12,442	9,977	19,845	13,190	10,701	6,746	17,387	12,979	16,424	7,525	14,986	10,320	9,977	6,956	16,039	9,661	7,406	5,706	10,394	9,179	7,920	6,506	9,020	6,519	5,668	4,969	10,935	9,767	0	0	0	0	0	0	5,296	4,733	3,458	3,089	4,578	3,703	3,039	3,278	5,246	4,980	3,546	4,088	5,168	300	300	300	300	2,757	1	3	4	5	5	5	5	5	10,389	8,292	8,292	7,112	4	4	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Term Investments	422,137	412,350	465,679	487,812	484,345	501,051	439,449	325,055	351,194	253,786	190,540	720	99,996	510,048	510,455	417,032	514,461	361,515	228,434	301,549	304,323	391,972	353,651	280,103	287,446	296,282	256,117	228,861	188,644	231,452	246,281	269,498	297,981	271,593	246,986	203,339	243,088	230,968	215,331	230,990	202,024	181,193	163,983	175,311	158,018	164,585	190,417	194,331	234,294	270,829	261,159	66,820	52,795	56,804	54,339	55,467	41,173	55,415	58,249	66,117	49,133	24,645	40,349	69,463	49,789	23,058	22,748	22,263	17,958	17,626	21,079	19,646	17,190	12,474	8,891	21,674	26,258	37,991	36,556	12,238	12,812	5,348	5,934	6,114	4,663	2,785	2,979	4,516	4,516	3,831	4,199	3,956	2,704	1,901	3,449	4,119	4,300	5,000	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	1,668,961	1,622,916	1,540,855	1,535,712	1,532,820	1,530,323	1,499,438	1,487,231	1,466,919	1,428,591	1,350,715	1,310,500	1,269,228	1,224,961	1,161,057	1,136,376	1,120,157	1,062,550	1,011,080	968,190	933,424	883,744	833,249	795,140	779,956	727,170	707,635	655,443	627,559	584,753	580,002	556,046	559,412	534,323	525,171	525,464	489,847	472,170	487,369	465,956	462,754	400,021	393,505	367,923	385,524	381,001	385,921	369,230	373,878	365,206	347,013	343,176	92,327	80,532	81,340	77,473	80,140	81,861	84,721	89,507	96,229	98,206	99,295	102,682	105,000	105,420	105,959	69,095	72,332	73,146	72,656	73,311	73,819	72,610	70,900	70,577	73,892	70,176	72,716	74,380	46,202	47,508	34,896	36,557	39,639	40,190	42,804	48,570	48,570	46,133	29,546	31,949	32,080	28,197	11,810	13,096	10,317	9,300	10,600	2,600	3,100	3,700	4,400	5,000	5,400	5,200	1,900	3,300	3,300	3,800	4,200	200	-	-	-	-
Total Current Assets	917,132	878,715	878,147	950,221	899,450	977,193	932,157	959,786	925,934	1,055,139	992,892	959,335	924,606	886,154	830,159	812,071	792,439	731,016	688,694	652,172	634,840	617,791	569,365	547,964	519,182	450,651	436,885	383,742	385,370	342,030	366,320	432,395	447,684	423,895	410,220	407,340	370,505	350,998	363,411	337,729	327,048	280,302	274,051	248,088	267,545	260,490	372,069	355,331	362,304	353,661	335,782	332,594	82,400	70,328	70,434	65,793	67,630	68,456	70,453	74,480	80,370	81,505	82,362	85,105	86,770	86,902	86,822	49,223	51,805	51,529	49,607	50,511	50,323	46,362	44,327	43,340	48,035	53,841	56,359	57,102	27,874	27,852	14,563	18,159	21,408	21,603	23,369	28,458	28,458	26,379	9,124	11,095	10,922	6,564	7,806	9,050	6,579	7,600	10,100	2,500	2,900	3,500	4,200	4,900	5,300	5,100	1,800	3,100	3,100	3,600	4,200	200	-	-	-	-
Total Current Liabilities	118,822	131,343	80,732	114,957	135,697	138,199	155,213	178,254	187,938	180,261	162,563	166,332	164,960	182,760	162,695	136,554	161,508	148,392	139,736	131,574	133,182	114,279	101,540	99,228	63,824	46,276	41,421	33,230	40,206	30,617	27,724	25,150	34,510	44,247	45,153	39,391	26,823	19,888	25,740	19,740	23,229	21,402	23,090	15,189	22,299	20,109	20,918	17,287	19,517	18,237	18,235	25,437	25,045	20,660	11,019	12,312	13,966	13,021	13,583	13,309	15,770	14,342	12,248	11,446	12,791	12,665	12,668	12,494	14,383	12,871	9,689	10,112	11,975	9,897	6,557	7,376	7,404	4,901	4,505	3,539	4,195	2,928	3,291	2,496	2,867	3,061	12,570	10,464	10,464	8,264	1,012	1,656	1,670	871	793	922	870	300	700	300	500	200	200	200	300	100	100	100	100	100	0	1,200	600	-	-	-
Total Liab	221,735	240,550	202,089	236,247	257,451	318,498	334,129	355,931	367,005	392,269	359,099	358,032	356,514	345,325	321,287	289,679	308,708	275,983	260,047	251,989	242,918	208,237	182,568	152,491	120,902	104,160	99,823	90,292	99,091	88,936	86,082	85,150	92,647	82,864	84,234	76,067	41,105	32,390	38,965	32,952	35,068	34,572	36,200	28,239	35,289	32,143	33,029	29,324	31,651	29,292	29,223	36,359	34,898	29,604	25,522	18,591	20,512	20,002	19,720	19,362	19,514	18,295	14,747	14,223	15,784	15,801	15,947	15,933	17,949	16,565	13,662	14,213	16,203	18,539	15,386	14,576	14,704	8,001	7,605	6,639	7,295	6,028	6,393	5,598	5,971	3,067	12,576	10,473	10,473	8,274	1,022	1,667	2,253	888	812	941	890	300	700	300	500	300	200	200	300	100	100	100	100	100	0	1,100	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	0	0	-	-	-	-
Total Stockholder Equity	1,447,226	1,382,366	1,338,766	1,299,465	1,275,369	1,211,825	1,165,309	1,131,300	1,099,914	1,036,322	991,616	952,468	912,714	879,636	839,770	846,697	811,449	786,567	751,033	716,201	690,506	675,507	650,681	642,649	659,054	623,010	607,812	565,151	528,468	495,817	493,920	470,896	466,765	451,459	440,937	449,397	448,742	439,780	448,404	433,004	427,686	365,449	357,305	339,684	350,235	348,858	352,892	339,906	342,227	335,914	317,790	306,817	57,430	50,928	55,819	58,883	59,628	61,859	65,001	70,146	76,714	79,911	84,548	88,459	89,216	89,620	90,012	53,163	54,382	56,580	58,995	59,098	57,616	54,071	55,514	56,000	59,188	62,175	65,112	67,741	38,907	41,480	28,503	30,959	33,669	37,124	30,228	38,097	38,097	37,860	28,523	30,281	29,827	27,309	10,999	12,154	9,426	9,000	9,900	2,300	2,600	3,400	4,200	4,800	5,100	5,100	1,800	3,200	0	3,700	4,200	-900	-600	-	-	-
Treasury Stock	0	0	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-41,284	-40,635	-40,635	-40,635	-40,635	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-40,158	-33,158	-17,658	-10,658	-10,658	-10,658	-10,658	-10,658	-5,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-

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	93,430	311,993	630,012	131,627	211,022	132,840	139,365	97,513	45,418	70,586	85,923	111,795	20,369	22,701	28,322	33,871	31,098	30,654	18,931	14,070	15,905	7,883	7,701	1,558	1,828	100	600	0	0
Capital Expenditures	126,355	47,206	43,555	28,051	30,460	25,391	29,803	103,289	5,103	6,153	5,069	111,839	3,064	369	259	1,277	1,226	2,349	5,657	7,418	957	1,170	1,747	1,153	3,229	0	0	100	0
Cash And Cash Equivalents Changes	0	-218,563	-318,019	498,385	0	78,182	-6,525	41,852	52,095	-25,168	-15,337	-25,872	91,426	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-92,075	-37,791	1,388	0	2,672	-4,181	-4,003	2,220	2,084	-2,671	-2,262	258	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-1,445	-218,563	-318,019	498,385	-79,395	78,182	-6,525	41,852	52,095	-25,168	-15,337	-25,872	91,426	-2,332	-5,620	-5,549	2,773	443	11,724	4,860	-1,835	8,022	182	6,143	-270	1,800	-500	600	1,900
Change In Working Capital	-103,505	-134,297	140,400	136,589	139,525	95,340	-27,588	4,826	40,585	-21,913	-2,877	665	4,322	-371	423	3,114	-2,717	1,093	7,594	9	1,307	3,549	128	709	264	200	100	-600	800
Change Receivables	0	14,975	-25,378	-21,809	0	9,226	-27,361	1,205	-2,654	-6,418	-7,000	2,070	-3,479	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-47,186	14,975	-25,378	-21,809	-17,323	9,226	-27,361	1,205	-2,654	-6,418	-7,000	2,070	-3,479	-3,904	-894	-55	-282	-169	644	0	0	0	0	0	0	0	0	0	0
Change To Inventory	7,425	-49,060	-46,123	-28,752	109	-37,365	-18,951	-4,460	-8,639	-26,514	424	-7,175	-3,841	342	2	39	-11	6	-16	13	-33	0	0	0	0	0	0	0	0
Change To Liabilities	0	-8,137	24,143	1,765	172,837	31,220	24,822	7,722	49,658	8,935	6,370	8,032	11,383	2,388	0	621	0	245	3,219	884	1,115	0	40	485	0	0	0	0	0
Change To Netincome	0	15,238	50,452	30,602	-118,335	32,760	30,166	6,680	53,955	19,060	-32,867	6,644	11,482	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-10,347	8,515	3,086	-16,098	-29,405	-6,098	359	2,276	2,171	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	43,402	42,274	41,962	37,186	34,418	30,574	26,902	20,762	14,085	13,074	13,017	6,847	1,500	2,941	3,765	2,594	3,158	3,365	3,237	3,070	3,799	16,588	4,509	1,051	56	0	0	0	0
Dividends Paid	66,735	56,996	37,931	28,445	18,853	11,314	5,652	5,652	5,652	5,652	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	91,985	93,430	311,993	630,012	131,627	211,022	132,840	139,365	97,513	45,418	70,586	85,923	111,795	20,369	22,701	28,322	33,871	31,098	30,654	18,931	14,070	15,905	7,883	7,701	1,558	1,900	100	600	0
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	28,422	79,609	147,550	120,741	163,452	96,405	103,562	-22,951	108,509	41,117	39,918	-94,085	13,346	-4,569	-14,869	-9,062	-12,323	-7,053	-6,002	-14,383	-6,755	-5,934	-9,449	-7,647	-7,527	-2,200	-2,400	-2,500	-1,900
Investments	-158,337	-280,743	-414,196	419,307	-208,254	4,390	-125,578	-38,472	-53,465	-36,156	-49,706	75,753	-180,726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	1,855	1,570	1,507	1,176	889	798	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	0	0	0	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	203,011	210,061	184,213	133,372	138,304	58,840	103,885	48,070	14,678	41,854	74,052	9,660	3,155	-19,917	-20,505	-19,140	-15,976	-15,187	-15,802	-15,777	-17,353	-31,019	-16,356	-9,529	-5,125	-2,800	-5,900	-1,800	-3,100
Other Cashflows From Financing Activities	-8,206	-9,209	-14,949	-14,394	-15,980	-11,620	-9,394	-453	-3,303	-957	-436	-2,659	8,870	13,452	834	-772	-32,670	-1,135	-300	296	-5	-8,824	14,996	-3	-7,002	4,000	-2,100	-2,500	0
Other Cashflows From Investing Activities	0	-4,709	-394	-60	-208,254	4,390	-95,775	-129,369	-53,465	0	-359	-109,102	-440	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-8,474	5,777	-213,493	-182,187	-130,255	-66,940	-9,123	-9,503	26,663	-3,126	-4,673	-5,284	3,164	1,173	-2,816	5,646	4,439	6,025	4,625	5,733	6,450	6,118	4,016	1,276	507	400	3,400	0	400
Sale Purchase Of Stock	0	1,570	1,507	1,176	-649	-477	772	624	2,388	-29,500	-5,456	-5,202	263,279	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	24,109	29,946	36,275	28,278	17,696	16,796	14,893	13,089	10,464	8,273	6,886	5,044	5,756	5,934	3,919	3,664	2,734	2,442	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-72,929	-64,635	-51,373	-41,663	-34,593	-22,613	-14,312	-14	-2,949	-30,129	-5,549	-7,540	258,806	13,698	964	1,636	46,540	6,282	8,124	31,742	16,026	-665	26,610	12,219	11,030	0	4,000	5,500	1,900
Total Cash From Operating Activities	154,777	126,815	191,105	148,792	193,912	121,796	133,365	80,338	113,612	47,270	44,987	17,754	16,409	-4,200	-14,610	-7,785	-11,097	-4,704	-345	-6,965	-5,798	-4,764	-7,703	-6,494	-4,298	-2,200	-2,400	-2,400	-1,900
Total Cashflows From Investing Activities	0	-280,743	-457,751	391,256	-238,714	-21,001	-125,578	-38,472	-58,568	-42,309	-54,775	-36,086	-183,789	0	8,026	600	0	0	3,945	0	0	13,451	0	417	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Begin Period Cash Flow	79,323	93,470	158,294	93,430	187,750	213,896	357,424	311,993	535,157	542,914	726,279	630,012	162,620	133,566	222,744	131,627	235,541	324,277	225,048	211,022	101,638	103,777	177,154	132,840	69,153	109,438	96,117	139,365	54,416	69,930	110,091	97,513	89,956	109,251	125,189	45,418	37,391	75,554	35,931	70,586	67,085	80,702	45,536	85,923	74,193	159,599	144,246	111,795	67,124	65,240	258,106	20,369	8,203	11,754	7,554	22,701	10,609	9,881	6,064	28,322	54,415	39,540	12,702	33,871	60,606	61,496	24,524	31,098	29,460	25,195	28,057	30,654	31,140	32,807	20,163	18,931	14,500	18,264	43,549	14,070	21,658	7,676	11,050	15,905	17,512	4,403	5,524	21,384	21,384	3,165	5,735	7,701	4,241	4,089	4,578	1,558	1,900	8,700	1,300	1,800	0	0	300	100	3,100	100	0	600	0	2,000	200	0
Capital Expenditures	7,584	25,434	84,188	9,149	11,326	14,532	10,585	10,763	13,665	8,828	10,826	10,236	8,813	7,409	7,047	4,782	4,742	4,995	7,039	13,684	4,466	7,505	4,687	8,733	6,582	13,504	9,086	631	2,939	2,155	97,679	516	453	1,504	1,196	1,950	1,939	1,263	2,034	917	502	2,025	1,924	618	459	109,308	270	1,802	416	698	1,035	915	151	74	55	89	56	76	30	96	106	690	262	220	564	341	144	176	333	447	1,140	430	2,244	703	1,167	1,544	6,585	762	31	40	22	387	210	338	103	92	194	1,089	1,089	52	296	309	107	589	125	332	1,629	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	-64,824	64,864	-94,320	-26,146	-143,528	45,431	-223,164	-7,757	-183,365	96,267	467,392	29,054	-89,178	91,117	0	-88,736	99,229	14,026	109,384	-2,139	-73,377	44,314	63,687	-40,285	13,321	-43,248	84,949	-15,514	-40,161	12,578	7,557	-19,295	-15,938	79,771	8,027	-38,163	39,623	-34,655	3,501	-13,617	35,166	-40,387	11,730	-85,406	15,353	32,451	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,530	5,497	-22,234	-32,113	-25,476	-12,252	15,077	-13,974	-32,513	-6,381	-18,729	14,987	-2,505	7,635	0	2,300	-7,706	3,315	40,557	9,082	-42,765	-4,202	-1,306	-2,066	-1,517	708	1,223	-1,683	-775	-2,768	2,194	363	-1,060	723	9,062	-275	-1,816	-4,887	-208	-152	1,374	-3,685	446	-4,955	3,059	-812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,662	-14,147	-64,824	64,864	-94,320	-26,146	-143,528	45,431	-223,164	-7,757	-183,365	96,267	467,392	29,054	-89,178	91,117	-103,914	-88,736	99,229	14,026	109,384	-2,139	-73,377	44,314	63,687	-40,285	13,321	-43,248	84,949	-15,514	-40,161	12,578	7,557	-19,295	-15,938	79,771	8,027	-38,163	39,623	-34,655	3,501	-13,617	35,166	-40,387	11,730	-85,406	15,353	32,451	44,671	1,884	-192,866	237,737	12,166	-3,552	4,201	-15,147	12,092	727	3,817	-22,257	-26,094	14,875	26,838	-21,169	-26,735	-890	36,971	-6,573	1,638	4,265	-2,862	-2,597	-486	-1,667	12,643	1,233	4,431	-3,765	-25,285	29,479	-7,588	13,982	-3,373	-4,856	-1,607	13,109	-1,120	-13,501	-13,501	18,219	-2,569	-1,967	3,460	152	-490	3,020	-342	-6,800	7,400	-500	1,900	-300	0	200	-3,800	3,100	100	-500	0	-900	2,000	200
Change In Working Capital	-29,519	-28,685	-48,032	2,731	-263,859	47,390	32,860	49,312	46,278	58,687	18,599	16,836	74,800	41,797	27,944	-7,952	51,199	42,911	27,625	17,790	39,206	36,498	-14,241	33,877	3,969	-6,685	-6,503	-18,369	11,421	-2,959	3,524	-7,160	6,817	-6,912	161	40,519	9,611	-15,932	2,032	-17,624	3,173	-2,384	6,746	-10,412	2,963	91	-919	-1,470	2,227	-1,133	223	3,005	-2,475	-447	383	2,169	-1,557	2,284	189	-493	-908	3,241	1,107	-326	-1,679	-941	-116	20	1,248	1,796	25	-1,976	4,267	2,639	-643	1,331	-892	477	737	-313	1,122	-257	838	-396	3,060	444	-330	1,054	-120	-57	-889	20	391	-76	-26	420	464	-500	500	-200	300	-200	300	-200	5,000	3,300	-700	-500	-500	300	-1,500	600
Change Receivables	0	0	-16,713	-13	-14,471	-3,260	30,014	2,692	-11,404	3,394	-8,302	-9,066	17,089	-30,852	14,094	-22,140	0	1,178	-14,828	-8,995	78	-7,624	-12,815	29,587	-9,099	-3,554	-3,381	-11,327	-2,518	-3,022	2,882	3,863	3,621	-10,972	786	3,911	32	-1,607	4,008	-8,851	2,128	-3,334	-3,924	-1,870	-786	4,003	-3,166	2,019	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-17,658	-12,802	-16,713	-13	-14,471	-3,260	30,014	2,692	-11,404	3,394	-8,302	-9,066	17,089	-30,852	14,094	-22,140	5,322	1,178	-14,828	-8,995	78	-7,624	-12,815	29,587	-9,099	-3,554	-3,381	-11,327	-2,518	-3,022	2,882	3,863	3,621	-10,972	786	3,911	32	-1,607	4,008	-8,851	2,128	-3,334	-3,924	-1,870	-786	1,709	-872	2,019	1,035	-5,220	-556	1,262	-2,552	-811	-1,486	945	-1,458	-126	53	637	-55	602	666	81	-282	0	276	342	-169	0	0	-332	644	306	413	1,443	0	0	0	-303	0	54	47	0	0	0	90	48	0	0	0	32	0	100	215	227	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	5,611	-5,551	-1,610	8,975	-658	-16,239	-22,999	-9,164	-14,171	-17,773	-3,681	-10,498	-7,799	228	-10,455	-10,726	-7,965	2,367	3,972	1,735	-3,554	-14,033	-2,405	-17,373	-3,532	-8,296	-7,769	646	-1,211	470	-1,758	-1,961	940	3,281	-11,002	-1,858	-7,275	-9,170	-6,072	-3,997	-2,742	821	409	1,936	-1,567	-880	-2,997	-1,731	-1,612	0	0	305	-1,835	0	0	39	42	-41	1	-21	39	39	39	91	-39	28	23	5	1,388	67	-58	-3	2	1	0	-20	14	-13	6	6	-4	0	0	0	0	0	0	0	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	-28,179	-11,728	-24,967	22,669	-5,001	-838	-5,908	35,168	43,916	-14,867	12,750	3,570	8,677	-23,232	60,815	-71	9,221	-5,241	-87,462	49,073	43,744	25,865	17,906	7,231	6,164	-8,396	13,927	1,276	3,175	-6,294	62	416	11,437	37,743	7,792	-4,880	5,912	111	3,995	281	8,887	-6,793	4,870	-277	4,385	-946	6,775	5,307	1,836	253	2,388	2,335	1,464	278	0	1,397	423	0	621	1,805	657	0	0	0	0	0	245	596	0	0	3,219	0	0	0	884	1,428	864	397	1,115	247	461	0	0	278	0	0	40	0	0	0	485	0	0	51	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	674	-739	-6,901	5,959	9,602	6,578	13,594	14,498	-39,983	8,940	6,854	7,019	7,775	8,954	-30,452	3,857	8,608	5,259	-414	3,444	24,859	4,871	23,275	4,187	10,499	6,198	-1,318	4,134	9,002	4,098	6,654	4,107	40,187	3,007	3,004	4,396	7,366	4,294	-39,228	2,198	2,348	1,815	1,720	1,759	1,764	1,401	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-29,054	-29,054	-18,687	12,561	-18,375	14,154	25,177	-7,864	-13,334	4,536	6,013	3,205	-16,701	10,569	-6,973	-6,542	-6,670	4,087	-9,823	9,076	-24,431	-4,227	-6,098	-2,013	-2,119	708	359	-1,683	-775	0	2,276	0	0	0	2,171	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,832	11,478	10,705	9,387	9,730	10,015	11,404	11,125	11,001	10,747	10,463	9,751	9,565	9,358	9,158	9,105	8,991	8,652	8,531	8,244	8,001	7,165	7,745	7,663	6,779	6,738	6,683	6,702	6,721	6,623	3,766	3,652	3,613	3,533	3,487	3,452	3,327	3,312	3,184	3,251	3,300	3,249	3,217	3,251	5,398	493	523	433	373	373	376	377	378	771	855	937	941	940	942	941	844	803	515	431	728	778	807	844	845	841	830	849	865	864	802	706	726	786	738	820	956	955	949	938	939	11,881	1,893	1,913	1,913	1,228	711	658	581	190	148	132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	16,652	16,661	16,653	16,769	14,256	14,247	14,247	14,246	9,484	9,477	9,483	9,487	7,116	7,114	7,117	7,098	4,711	4,712	4,713	4,717	2,828	2,827	2,828	2,831	1,412	1,412	1,414	1,414	5,652	0	0	0	5,652	0	0	0	5,652	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	91,985	79,323	93,470	158,294	93,430	187,750	213,896	357,424	311,993	535,157	542,914	726,279	630,012	162,620	133,566	222,744	131,627	235,541	324,277	225,048	211,022	101,638	103,777	177,154	132,840	69,153	109,438	96,117	139,365	54,416	69,930	110,091	97,513	89,956	109,251	125,189	45,418	37,391	75,554	35,931	70,586	67,085	80,702	45,536	85,923	74,193	159,599	144,246	111,795	67,124	65,240	258,106	20,369	8,203	11,754	7,554	22,701	10,609	9,881	6,064	28,322	54,415	39,540	12,702	33,871	60,606	61,496	24,524	31,098	29,460	25,195	28,057	30,654	31,140	32,807	20,163	18,931	14,500	18,264	43,549	14,070	21,658	7,676	11,050	15,905	17,512	4,403	7,883	7,883	21,384	3,165	5,735	7,701	4,241	4,089	4,578	1,558	1,900	8,700	1,300	1,900	-300	0	300	-3,800	3,100	100	-500	600	-900	2,000	200
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	29,486	34,875	-74,411	38,472	-8,685	23,512	22,937	41,845	43,114	66,382	18,794	19,260	64,152	36,388	19,237	964	51,424	48,872	42,790	20,366	22,374	37,499	6,450	30,082	55,522	1,128	45,899	1,013	37,065	1,948	-61,658	-306	32,538	3,939	27,002	45,030	26,554	-7,494	30,294	-8,237	21,909	5,016	24,509	-11,516	10,116	-111,330	10,943	-3,814	8,199	5,256	-812	702	623	-2,290	-2,370	-532	-2,834	-3,110	-4,323	-4,601	-1,089	-1,213	-3,168	-3,592	-2,211	-2,917	-3,724	-3,471	649	-517	-3,439	-3,746	-1,692	385	-1,978	-2,717	-8,034	-2,415	-1,988	-1,946	-1,273	-1,621	-1,199	-2,662	590	-1,446	-2,794	-2,285	-2,285	-1,735	-3,316	-2,114	-1,619	-2,294	-2,151	-1,583	-2,927	-2,700	-800	-800	-500	-800	-400	-500	-500	-600	-800	-600	-600	-300	-1,500	200
Investments	-7,925	-57,890	26,035	49,824	-82,969	-35,505	-151,714	25,325	-257,096	-63,149	-189,731	95,780	410,150	629	-93,280	101,808	-155,540	-131,661	69,626	4,579	89,678	-36,424	-72,035	23,171	9,465	-39,351	-26,400	-39,489	43,774	15,632	24,149	14,642	-25,453	-23,550	-43,381	38,919	-12,458	-15,613	16,336	-24,421	-20,147	-19,338	10,557	-20,778	6,585	-328,833	358,875	39,126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	480	561	453	518	323	400	444	403	371	349	439	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	61,978	51,516	49,678	39,839	65,134	53,455	41,502	49,970	45,876	46,109	40,541	51,687	53,902	40,500	815	38,155	26,428	36,962	43,440	31,474	19,249	22,818	10,814	5,959	32,813	13,520	47,187	10,365	25,819	-1,500	21,802	1,949	18,088	7,047	-11,771	1,314	13,126	4,285	20,421	4,022	57,886	5,542	15,382	-4,758	5,385	-5,468	10,964	-1,221	5,734	5,989	3,313	-11,881	-5,316	-7,187	-4,436	-2,978	-3,848	-4,673	-6,415	-5,570	-4,438	-5,303	-5,206	-4,193	-3,256	-2,961	-5,175	-4,584	-4,409	-2,943	-4,313	-3,522	-4,642	-2,979	-3,190	-4,991	-3,526	-3,669	-4,520	-4,061	-5,734	-3,658	-4,093	-3,869	-5,153	-14,990	-5,578	-5,897	-5,897	-1,911	-4,769	-3,779	-3,749	-1,819	-2,157	-1,803	-1,825	-1,000	-1,700	-600	-1,100	-700	-700	-300	-3,800	-700	-800	-500	-500	-500	-500	-300
Other Cashflows From Financing Activities	-311	-466	-248	-7,181	-59	306	-948	-7,896	-69	-1,862	-3,384	-9,634	-101	170	-7,051	-4,816	-60	-150	-7,417	-5,757	-22	-567	-5,199	-5,832	-93	-830	-4,954	-3,517	4,205	-46	-2,755	-1,857	381	224	360	-4,268	882	327	-83	-2,083	1,664	614	16	-2,730	154	-248	367	-2,932	-414	5,721	2,381	1,182	7,432	1,069	5,345	-394	590	942	186	-1,142	-772	15,159	29,172	-19,372	-27,206	-455	-576	-4,432	-121	4,103	-2,532	-2,585	-300	-4,204	12,611	2,386	300	-1	-1	-1	-1	-1	-1	-1	-421	-8,401	17	8,026	-16,945	6,972	-1	-1	-1	-1	-1	-1	-902	-5,400	-700	2,400	2,400	500	400	700	-3,400	3,900	900	100	100	-600	5,500	0
Other Cashflows From Investing Activities	0	0	-66,012	-51	52	-4,749	0	-12	0	0	-96	-298	-35	0	-25	101,808	-208,254	-57,456	74,205	-401	4,390	0	0	0	0	0	0	0	-217	-33,119	-96,033	0	0	0	0	0	0	0	0	0	-252	0	-38	-69	0	-109,120	18	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,385	-1,641	-2,633	-2,815	204,409	-75,815	-59,883	-62,934	-56,275	-51,671	-50,724	-54,823	-70,436	-53,266	-17,994	-40,491	-33,182	-37,076	-33,005	-26,992	-14,847	-22,750	-16,914	-12,429	-3,585	-1,962	-1,623	-1,953	-5,910	-1,173	-1,120	-1,300	-1,260	-1,411	30,054	-720	-153	-1,873	-256	-844	-2,305	-1,447	-1,157	-678	-3,675	1,491	-730	-767	3,155	-930	-4,991	9	277	3,992	-2,629	-467	-3,668	269	273	309	3,518	736	677	715	2,561	547	905	425	3,298	236	1,158	1,333	62	563	2,219	1,781	2,244	753	1,088	1,648	2,405	1,725	1,317	1,003	1,847	1,311	1,415	1,735	0	-943	1,927	1,298	1,266	5	10	0	63	100	400	300	300	100	-100	0	-1,700	-3,200	700	400	0	-100	500	-300
Sale Purchase Of Stock	0	-466	453	518	323	-306	-948	403	371	349	439	348	307	-649	-649	259	0	-649	-649	-649	182	180	235	-477	214	179	196	183	125	115	134	250	496	349	751	792	-7,000	-15,500	-7,000	702	2,017	710	289	-5,456	-5,202	487	468	612	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	5,486	7,303	6,905	4,415	6,297	8,593	8,541	6,515	12,377	8,570	9,798	5,530	7,338	7,314	7,637	5,989	5,873	3,833	3,864	4,126	3,865	4,765	4,493	3,673	4,536	3,625	2,882	3,850	3,585	3,212	3,054	3,238	2,887	2,879	2,617	2,081	2,211	2,073	1,887	2,102	1,775	1,782	1,931	1,398	1,285	1,371	1,375	1,013	1,231	1,655	1,302	1,569	3,327	987	966	654	2,170	576	548	625	3,664	0	0	353	2,734	0	0	279	2,442	371	371	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-16,483	-16,566	-16,448	-23,432	-13,992	-14,153	-14,751	-21,739	-9,182	-10,990	-12,428	-18,773	-6,910	-7,963	-15,135	-11,655	-4,540	-5,947	-13,187	-10,919	-2,668	-3,214	-7,792	-8,939	-1,300	-2,062	-6,178	-4,772	4,327	69	-2,652	-1,758	472	316	441	-4,178	-6,069	-15,056	-7,007	-1,997	1,739	705	100	-8,093	-4,971	-141	433	-2,861	-345	5,766	2,400	250,985	7,486	1,130	5,412	-331	667	942	186	-832	-752	239	572	1,576	2,118	2,141	41,127	1,154	776	232	1,969	3,304	5,811	1,450	844	20	300	3	852	30,587	775	14,912	312	27	76	-757	17	4,640	4,640	19,582	990	1,399	5,882	924	991	4,423	1,830	0	8,900	300	0	0	0	0	100	3,900	0	0	0	0	5,500	0
Total Cash From Operating Activities	37,070	60,309	9,777	47,621	2,641	38,044	33,522	52,608	56,779	75,210	29,620	29,496	72,965	43,797	26,284	5,746	56,166	53,867	49,829	34,050	26,840	45,004	11,137	38,815	62,104	14,632	54,985	1,644	40,004	4,103	36,021	210	32,991	5,443	28,198	46,980	28,493	-6,231	32,328	-7,320	22,411	7,041	26,433	-10,898	10,575	-2,022	11,213	-2,012	8,615	5,955	223	1,617	774	-2,216	-2,315	-443	-2,778	-3,034	-4,293	-4,505	-983	-523	-2,906	-3,372	-1,646	-2,576	-3,580	-3,295	982	-70	-2,300	-3,316	552	1,087	-812	-1,173	-1,449	-1,654	-1,957	-1,906	-1,251	-1,234	-989	-2,324	694	-1,354	-2,600	-1,195	-1,195	-1,683	-3,020	-1,804	-1,512	-1,705	-2,025	-1,251	-1,298	-1,400	-800	-800	-500	-800	-400	-500	-500	-600	-800	-600	-600	-300	-1,500	200
Total Cashflows From Investing Activities	0	0	-58,153	40,675	-82,969	-50,037	-162,299	14,562	-270,761	-71,977	-200,557	85,544	401,337	-6,780	-100,327	97,026	-155,540	-136,656	62,587	-9,105	85,212	-43,929	-76,722	14,438	2,883	-52,855	-35,486	-40,120	40,618	-19,686	-73,530	14,126	-25,906	-25,054	-44,577	36,969	-14,397	-16,876	14,302	-25,338	-20,649	-21,363	8,633	-21,396	6,126	-83,243	3,707	37,324	0	0	0	0	0	0	0	0	8,026	0	0	0	600	24,958	9,800	0	0	0	0	0	0	0	0	0	3,945	10,793	14,997	2,386	0	0	0	798	0	0	0	0	13,451	15,828	608	0	0	0	0	0	417	1,327	394	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	135,376	127,896	114,991	85,478	75,374	53,541	54,698	26,288	62,997	41,315	28,889	4,528	5,090	888	1,481	1,310	1,199	1,044	110	155	111	17,265	13,481	-1,051	-56	0	0	0	0
Depreciation And Amortization	43,402	42,274	41,962	37,186	34,418	30,574	26,902	20,762	14,085	13,074	13,017	6,847	1,500	2,941	3,765	2,594	3,158	3,365	3,237	3,070	3,799	16,588	4,509	1,051	56	-200	-200	-100	0
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	217,189	267,110	227,644	157,526	158,343	56,735	148,338	70,393	35,744	63,611	43,311	21,454	6,681	-9,947	-19,597	-22,663	-20,372	-17,890	-17,460	-17,232	-17,548	-8,328	-15,048	-9,878	-5,380	-2,900	-6,100	-1,700	-3,000
Ebitda	260,591	309,384	269,606	194,712	192,761	87,309	175,240	91,155	49,829	76,685	56,328	28,301	8,181	-7,006	-15,832	-20,069	-17,214	-14,525	-14,223	-14,163	-13,749	8,260	-10,539	-8,826	-5,323	-3,100	-6,300	-1,800	-3,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	1,100	-11,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	441,053	488,723	438,534	343,389	329,803	193,873	280,931	172,598	128,049	149,716	117,750	78,716	56,198	29,657	14,305	9,765	10,107	10,877	10,038	6,852	6,483	2,445	1,253	1,544	576	400	100	100	100
Income Before Tax	245,171	268,230	228,247	163,529	169,905	64,311	149,537	68,598	33,059	59,327	39,008	14,868	2,441	-20,052	-20,635	-20,102	-16,781	-15,731	-16,226	-16,390	-17,516	-28,400	-16,356	0	0	-2,700	-5,900	-1,600	0
Income Tax Expense	42,160	58,169	44,034	30,157	31,601	5,471	45,652	20,528	18,381	17,473	-35,044	5,208	-714	-134	-130	-962	-805	-545	-424	-613	-178	12,655	0	-349	-255	100	0	200	3,100
Interest Expense	0	7,811	603	6,003	11,562	7,576	3,290	185	54	70	47	48	50	28	7	47	8	10	185	0	0	0	0	0	0	0	0	0	0
Interest Income	23,806	7,811	505	5,139	10,795	7,659	3,294	2,113	783	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	203,011	210,061	184,213	133,372	138,304	58,840	103,885	48,070	14,678	41,854	74,052	9,660	3,155	-19,917	-20,505	-19,140	-15,976	-15,187	-15,802	-15,777	-17,353	-31,019	-16,356	-9,529	-5,125	-2,800	-5,900	-1,800	-3,100
Net Income Applicable To Common Shares	0	210,061	184,213	133,372	137,198	58,150	102,247	47,336	14,678	41,854	74,052	9,660	3,155	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	206,167	210,061	184,213	133,372	138,304	58,840	103,885	48,070	14,678	41,854	74,052	9,660	3,155	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	23,806	7,811	505	5,139	10,795	7,659	3,294	2,113	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	1,120	603	6,003	0	7,576	3,290	185	837	777	811	1,240	-3,196	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	877	691	11,125	0	6,996	9,739	5,823	5,370	4,519	3,273	2,073	1,360	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	217,189	267,110	227,644	157,526	158,343	56,735	146,247	68,413	32,276	58,620	38,244	13,676	5,687	-10,226	-20,267	-22,663	-20,372	-17,890	-17,460	-17,202	-17,532	-18,364	-15,048	-9,878	-5,380	-2,900	-6,100	-1,700	-3,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	359,240	349,509	325,881	271,341	246,834	190,679	189,382	130,473	158,770	132,411	108,395	69,568	55,602	40,771	36,053	33,738	31,678	29,811	27,608	24,209	24,125	20,809	16,301	10,370	5,899	3,300	6,200	1,800	3,100
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	41,300	42,274	41,962	37,186	34,418	30,574	26,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	130,481	117,062	99,673	83,894	71,276	53,717	49,144	42,744	44,641	41,154	34,215	30,032	24,129	21,695	20,015	22,258	20,909	19,865	19,183	16,651	17,898	15,804	12,385	7,109	3,171	1,400	4,200	900	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	69,070	77,886	80,372	61,346	59,613	46,999	46,808	32,876	29,046	28,135	24,745	19,550	26,382	18,188	14,557	10,171	9,569	8,902	8,315	7,402	6,117	4,755	3,916	3,261	2,728	1,900	2,000	900	0
Tax Provision	44,043	58,169	44,034	30,157	31,601	5,471	45,652	20,528	18,381	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	223,864	221,613	210,890	185,863	171,460	137,138	134,684	104,185	95,773	91,096	79,506	65,040	50,512	39,883	34,572	32,428	30,479	28,767	27,498	24,053	24,014	20,809	16,301	11,421	5,956	3,300	6,200	1,800	3,100
Total Other Income Expense Net	-184	1,120	603	6,003	11,562	-83	-4	-1,928	783	707	764	1,192	-4,190	-10,077	-1,031	2,561	3,591	2,159	1,234	31	16	-10,036	-1,308	0	0	200	200	100	0
Total Revenue	576,429	616,619	553,525	428,867	405,177	247,414	335,629	198,886	191,046	191,031	146,639	83,244	61,289	30,544	15,787	11,075	11,306	11,921	10,148	7,007	6,593	2,445	1,253	493	520	400	100	100	100

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	36,019	34,248	32,139	32,970	30,098	37,396	27,239	33,163	32,243	31,481	27,969	23,298	26,998	23,378	12,643	22,459	18,202	17,286	24,072	15,814	18,325	16,123	11,635	7,458	16,936	13,465	11,310	12,987	9,094	6,458	5,684	5,052	8,085	7,246	39,086	8,581	12,079	7,388	11,951	9,897	7,732	9,783	8,282	3,092	735	1,094	2,397	1,338	2,440	2,405	361	103	-1,849	1,258	1,017	461	715	277	318	171	304	365	247	299	249	372	202	377	317	251	212	265	26	45	12	27	20	18	60	58	26	37	4,575	4,207	4,984	4,092	4,205	4,024	4,212	1,385	4,421	-658	-581	-190	-148	-132	0	0	0	0	0	-100	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Depreciation And Amortization	11,832	11,478	10,705	9,387	2,897	10,015	11,404	11,125	5,504	10,747	10,463	9,751	5,495	9,358	9,158	9,105	7,181	8,652	8,531	8,244	7,256	7,165	7,745	7,663	7,412	6,738	6,683	6,702	7,227	6,623	3,766	3,652	4,255	3,533	3,487	3,452	4,486	3,312	3,184	3,251	4,235	3,249	3,217	3,251	5,398	493	523	433	373	373	376	377	378	771	855	937	941	940	942	941	844	803	515	431	728	778	807	844	845	841	830	849	865	864	802	706	726	786	738	820	956	955	949	938	939	11,881	1,893	1,913	1,913	1,228	711	658	581	190	148	132	0	0	0	0	-100	100	-100	-100	0	0	0	0	0	0	0	0	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Ebit	64,746	48,436	58,639	45,368	83,083	68,463	53,314	62,250	56,462	57,728	49,896	63,558	65,779	48,426	-1,185	44,506	34,489	40,830	48,664	34,360	15,273	26,297	10,911	4,519	57,880	16,425	61,005	12,395	34,759	-1,760	33,151	3,320	26,864	9,093	-3,318	2,459	17,254	7,036	30,595	7,567	19,637	5,103	23,214	-5,578	8,753	-2,546	13,267	-1,201	3,917	6,299	-886	-2,649	-132	-520	673	-4,149	-4,621	-2,791	-6,311	-6,167	-5,793	-5,833	-5,930	-5,107	-5,132	-4,073	-5,999	-5,169	-5,538	-3,507	-4,853	-3,992	-5,480	-3,308	-3,313	-5,133	-4,367	-3,891	-4,668	-4,101	-5,725	-3,721	-4,081	-3,851	-5,001	5,574	-4,628	-4,725	-4,725	-1,535	-4,873	-3,915	-3,843	-1,938	-2,234	-1,863	0	0	0	0	-1,000	-700	-700	-400	0	0	0	0	0	0	0	0	-	-	-	-
Ebitda	76,578	59,914	69,344	54,755	85,980	78,478	64,718	73,375	61,966	68,475	60,359	73,309	71,274	57,784	7,973	53,611	41,670	49,482	57,195	42,604	22,529	33,462	18,656	12,182	65,292	23,163	67,688	19,097	41,986	4,863	36,917	6,972	31,119	12,626	169	5,911	21,740	10,348	33,779	10,818	23,872	8,352	26,431	-2,327	14,151	-2,053	13,790	-768	4,290	6,672	-510	-2,272	246	251	1,528	-3,211	-3,681	-1,851	-5,368	-5,226	-4,949	-5,030	-5,415	-4,675	-4,404	-3,295	-5,191	-4,325	-4,693	-2,665	-4,023	-3,144	-4,615	-2,444	-2,511	-4,427	-3,641	-3,105	-3,930	-3,280	-4,769	-2,765	-3,132	-2,912	-4,062	17,455	-2,735	-2,812	-2,812	-307	-4,163	-3,257	-3,262	-1,747	-2,086	-1,731	-1,880	-1,200	-1,700	-600	-1,100	-600	-800	-500	-4,000	-600	-700	-500	-500	-400	-400	-300	-3,100	100	100	100
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	122,301	106,829	114,426	97,497	138,934	123,160	109,322	117,307	114,004	112,137	101,691	110,702	114,545	93,701	45,325	89,818	83,527	80,229	94,096	71,951	51,818	61,427	44,514	36,114	98,931	48,218	91,203	42,579	65,483	23,756	58,708	24,651	54,227	32,173	19,006	22,642	44,094	25,504	52,176	27,942	41,746	23,043	41,077	11,884	27,398	11,410	27,590	11,282	16,219	19,372	10,892	9,498	12,644	5,797	7,429	3,786	4,136	4,868	2,638	2,663	3,283	2,260	1,899	2,418	2,650	2,705	2,114	2,638	2,228	2,846	2,798	3,006	2,270	3,328	3,000	1,440	1,674	1,694	1,412	2,072	1,896	2,051	1,350	1,181	882	573	455	220	0	569	257	858	816	315	275	138	220	100	100	100	100	200	100	100	0	100	100	100	0	100	100	100	-	100	100	100
Income Before Tax	75,607	53,879	64,053	51,632	80,646	70,091	54,986	62,507	56,542	57,763	50,192	63,750	66,704	49,717	253	46,855	36,975	43,631	51,826	37,473	17,760	28,143	12,665	5,743	58,849	16,657	61,321	12,710	35,382	-2,503	32,849	2,870	26,842	8,587	-4,305	1,932	17,239	6,250	29,010	6,829	19,621	4,440	21,899	-6,952	8,620	-5,794	13,249	-1,221	3,898	6,525	3,602	-11,584	-4,987	-7,187	-4,436	-3,442	-20,635	-4,673	-6,415	-5,570	-20,102	-5,303	-5,206	-4,193	-16,781	-2,961	-5,175	-4,584	-15,731	-2,943	-4,313	-3,522	-16,226	-2,979	-3,190	-5,287	0	0	-4,835	-4,061	0	0	-4,234	-4,016	-5,050	-14,990	-5,578	-5,897	-5,897	-1,911	0	-3,779	0	0	0	0	0	0	0	0	-900	0	-600	-300	0	0	0	0	0	0	0	0	-	-	-	-
Income Tax Expense	13,629	2,363	14,375	11,793	15,512	16,636	13,484	12,537	10,666	11,654	9,651	12,063	12,802	9,217	-562	8,700	10,547	6,669	8,386	5,999	-1,489	5,325	1,851	-216	26,036	3,137	14,134	2,345	9,563	-1,003	11,047	921	8,754	1,540	7,466	618	4,113	1,966	8,588	2,807	-38,265	-1,102	6,517	-2,194	3,235	-326	2,285	357	-1,836	536	289	296	330	3,304	2,527	-464	-130	880	0	-424	-962	0	0	0	-805	0	0	0	-545	0	0	0	-424	0	-273	-219	-841	-222	-231	-131	8	-58	-65	-64	127	10,552	0	0	0	0	-105	0	-94	-114	-82	-60	1,825	1,000	1,700	600	200	0	0	0	3,800	700	800	500	0	500	400	300	700	800	800	800
Interest Expense	6,264	0	0	6,264	3,505	2,432	1,583	291	160	0	0	0	0	0	0	0	0	0	0	0	7,576	2,111	1,754	1,224	3,290	0	0	0	164	5	8	8	22	7	12	12	15	17	21	17	16	13	10	8	5	5	18	20	18	13	8	10	9	6	6	7	4	0	0	3	47	16	13	6	8	3	1	0	10	2	4	4	185	53	48	43	14	0	0	0	0	0	0	0	423	651	1,069	1,155	1,848	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Interest Income	7,865	7,136	6,198	6,967	3,505	2,432	1,583	291	160	137	75	133	695	1,029	1,268	2,147	2,459	2,748	2,757	2,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income	61,978	51,516	49,678	39,839	65,134	53,166	41,267	49,645	45,876	46,109	40,541	51,687	53,902	40,500	815	38,155	26,428	36,962	43,440	31,474	19,249	22,818	10,814	5,959	32,813	13,520	47,187	10,365	25,819	-1,500	21,802	1,949	18,088	7,047	-11,771	1,314	13,126	4,284	20,422	4,022	57,886	5,542	15,382	-4,758	5,385	-5,468	10,964	-1,221	5,734	5,989	3,313	-11,881	-5,316	-7,187	-4,436	-2,978	-3,848	-4,673	-6,415	-5,570	-4,438	-5,303	-5,206	-4,193	-3,256	-2,961	-5,175	-4,584	-4,409	-2,943	-4,313	-3,522	-4,642	-2,979	-3,190	-4,991	-3,526	-3,669	-4,520	-4,061	-5,734	-3,663	-4,093	-3,869	-5,153	-14,990	-5,578	-5,897	-5,897	-1,911	-4,769	-3,779	-3,749	-1,824	-2,152	-1,803	-1,825	-1,000	-1,700	-600	-1,100	-700	-600	-300	-3,800	-700	-800	-500	-500	-500	-400	-300	-700	-800	-800	-800
Net Income Applicable To Common Shares	0	0	49,678	39,839	65,134	53,455	41,502	49,970	45,876	46,109	40,294	51,687	53,902	40,500	815	38,155	26,244	36,702	43,440	31,474	19,249	22,818	10,814	5,959	32,813	13,520	47,187	10,365	25,819	-1,500	21,802	1,949	18,088	7,047	-11,771	1,314	13,126	4,284	20,422	4,022	57,886	5,542	15,382	-4,758	815	-5,468	15,534	-1,221	5,734	5,989	3,313	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	61,978	51,516	49,678	39,839	65,134	53,455	41,502	49,970	45,876	46,109	40,541	51,687	53,902	40,500	815	38,155	26,428	36,962	43,440	31,474	19,249	22,818	10,814	5,959	32,813	13,520	47,187	10,365	25,819	-1,500	21,802	1,949	18,088	7,047	-11,771	1,314	13,126	4,284	20,422	4,022	57,886	5,542	15,382	-4,758	815	-5,468	15,534	-1,221	0	5,989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,865	7,136	6,198	6,967	3,505	2,432	1,583	291	160	137	75	133	695	1,029	1,268	2,147	2,459	2,748	2,757	2,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Operating Income Net Other	0	0	5,414	6,264	-2,437	1,628	1,672	257	80	35	296	192	925	1,291	1,438	2,349	0	2,801	3,162	3,113	2,487	2,111	1,754	1,224	969	867	802	652	516	505	-1,168	332	244	232	188	173	179	187	193	218	217	206	178	210	254	272	357	357	0	364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	169	164	281	261	181	154	172	258	149	112	2,930	3,293	1,618	3,284	0	2,837	3,454	2,537	1,968	2,229	1,568	1,231	3,397	1,764	2,991	1,587	2,167	815	1,966	875	1,807	1,105	1,673	785	1,459	803	1,501	756	1,165	624	1,172	312	1,254	283	786	-250	0	462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	64,746	48,436	58,639	45,368	83,083	68,463	53,314	62,250	56,462	57,728	49,896	63,558	65,779	48,426	-1,185	44,506	34,489	40,830	48,664	34,360	15,273	26,032	10,911	4,519	57,880	15,790	60,519	12,058	34,759	-3,003	34,025	2,546	26,620	8,362	-4,481	1,771	17,075	6,080	28,838	6,628	19,420	4,247	21,731	-7,154	8,371	-6,061	12,910	-1,558	3,566	5,935	-1,071	-2,744	-210	-3,883	-1,909	-4,224	-4,170	-3,793	-6,311	-5,994	-5,793	-5,833	-5,930	-5,107	-5,132	-4,073	-5,999	-5,169	-5,538	-3,507	-4,853	-3,992	-5,480	-3,308	-3,463	-5,210	-4,367	-3,891	-4,751	-4,192	-5,725	-3,721	-4,158	-3,933	-5,025	-4,438	-4,628	-4,725	-4,725	-1,535	-4,873	-3,915	-3,843	-1,938	-2,234	-1,863	-1,880	-1,200	-1,700	-600	-1,000	-700	-700	-400	-4,000	-600	-700	-500	-500	-400	-400	-300	-3,100	100	100	100
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Operating Expenses	93,574	92,641	87,926	85,099	85,949	92,093	83,247	88,220	89,785	85,890	79,764	70,442	75,764	68,653	59,153	67,771	67,240	56,685	69,504	53,405	54,870	51,518	45,238	39,053	57,987	45,893	41,994	43,508	39,818	33,217	30,367	27,157	35,692	31,057	62,573	29,452	39,098	26,812	35,289	31,211	30,058	28,579	27,628	22,130	19,762	18,565	17,077	14,178	15,092	15,842	12,323	12,345	11,005	10,938	10,356	8,471	9,021	8,938	9,267	8,827	9,380	8,459	8,076	7,824	8,031	7,150	8,314	8,183	8,082	6,603	7,862	7,264	7,776	6,681	6,475	6,677	6,060	5,603	6,223	6,322	7,647	5,808	5,508	5,114	5,908	5,011	5,083	4,945	4,945	2,104	5,131	4,115	4,078	2,063	2,360	1,869	2,099	1,300	1,800	700	1,100	800	800	500	4,000	700	800	500	500	500	500	400	3,100	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Reconciled Depreciation	11,832	11,478	10,705	9,387	9,730	10,015	11,404	11,125	11,001	10,747	10,463	9,751	9,565	9,358	9,158	9,105	8,991	8,652	8,531	8,244	8,001	7,165	7,745	7,663	6,779	6,738	6,683	6,702	6,721	6,623	3,766	3,652	3,613	3,533	3,487	3,452	3,327	3,312	3,184	3,251	3,300	3,249	3,217	3,251	5,398	493	523	433	373	373	376	377	378	771	855	937	941	940	942	941	844	803	515	431	728	778	807	844	845	841	830	849	865	864	802	706	726	786	738	820	956	955	949	938	939	11,881	1,893	1,913	1,913	1,228	711	658	581	190	148	132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Research Development	33,641	33,099	32,318	31,423	31,906	30,414	28,197	26,545	26,940	25,327	24,101	23,305	22,186	20,814	21,397	19,497	19,827	16,787	18,833	15,829	14,795	13,616	12,949	12,357	15,045	11,596	10,685	11,818	11,182	10,118	10,969	10,476	12,643	11,434	10,647	9,919	12,540	7,915	10,544	10,156	10,099	7,862	7,316	8,938	7,958	8,177	7,236	6,661	5,943	6,079	5,551	6,555	7,696	4,831	4,702	4,467	4,533	4,939	5,325	5,219	6,302	5,750	5,053	5,152	5,344	4,568	5,544	5,453	5,061	4,386	5,416	5,001	5,292	4,735	4,552	4,605	4,054	3,953	4,321	4,324	5,404	4,385	4,181	3,928	4,254	3,934	3,763	3,857	3,857	1,203	4,063	3,253	3,130	1,324	1,453	941	1,571	700	500	300	500	400	300	100	3,300	200	400	200	200	200	200	200	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	24	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling General Administrative	16,830	18,084	17,077	15,396	18,513	18,442	19,869	21,062	22,769	20,960	20,239	16,404	16,217	13,579	16,147	15,403	19,082	12,623	15,939	11,969	12,526	12,120	11,562	10,791	15,197	11,695	9,839	10,077	10,148	8,465	7,688	6,660	8,901	7,240	6,705	6,200	8,559	6,625	6,545	6,430	6,827	6,411	6,336	5,171	3,470	5,558	7,444	6,179	6,709	7,357	6,411	5,687	5,159	4,849	4,637	3,544	3,773	3,722	3,624	3,437	2,774	2,343	2,775	2,374	2,438	2,210	2,568	2,354	2,704	1,966	2,235	1,998	2,458	1,901	1,760	1,895	1,987	1,632	1,759	1,849	2,217	1,386	1,239	1,099	1,404	1,077	1,320	1,089	1,089	901	1,067	862	949	739	908	928	528	600	1,300	400	600	400	500	400	700	500	400	300	300	300	300	0	-	-	-	-
Tax Provision	13,629	2,363	14,375	11,793	15,512	16,636	13,484	12,537	10,666	11,654	9,651	12,063	12,802	9,217	-562	8,700	10,547	6,669	8,386	5,999	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	57,555	58,393	55,787	52,129	55,851	54,697	56,008	55,057	57,542	54,409	51,795	47,144	48,766	45,275	46,510	45,312	49,038	39,399	45,432	37,591	36,545	35,395	33,603	31,595	41,051	32,428	30,684	30,521	30,724	26,759	24,683	22,105	27,607	23,811	23,487	20,871	27,019	19,424	23,338	21,314	22,326	18,796	19,346	19,038	19,027	17,471	14,680	12,840	12,652	13,437	11,962	12,242	12,854	9,680	9,339	8,010	8,306	8,661	8,949	8,656	9,077	8,093	7,829	7,525	7,782	6,778	8,112	7,807	7,766	6,352	7,651	6,999	7,750	6,636	6,462	6,650	6,040	5,585	6,163	6,265	7,621	5,771	5,508	5,114	5,908	5,011	5,083	4,945	4,945	2,104	5,131	4,772	4,659	2,253	2,508	2,001	2,156	1,300	1,800	700	1,000	900	800	500	4,000	700	800	500	500	500	500	400	-3,100	-	-	-
Total Other Income Expense Net	2,996	-1,693	-784	6,264	-2,437	1,628	1,672	257	-80	-102	221	59	230	262	170	202	27	53	405	282	-17	-7	-12	-47	3	6	6	-19	54	-68	-1,829	324	221	225	176	161	164	170	172	201	201	193	168	202	249	267	339	337	332	240	4,496	-8,926	-4,845	-3,362	-2,582	713	90	-1,002	-104	173	-13,397	530	724	913	-10,756	1,112	823	585	-9,837	563	541	470	-10,636	329	-150	-77	0	0	-83	-92	0	0	-76	-83	-24	-10,012	-950	-1,173	0	-376	0	136	0	0	0	0	0	0	0	100	100	0	100	100	0	0	0	0	0	0	0	0	-	-	-	-
Total Revenue	158,320	141,077	146,565	130,467	169,032	160,556	136,561	150,470	146,247	143,618	129,660	134,000	141,543	117,079	57,968	112,277	101,729	97,515	118,168	87,765	70,143	77,550	56,149	43,572	115,867	61,683	102,513	55,566	74,577	30,214	64,392	29,703	62,312	39,419	58,092	31,223	56,173	32,892	64,127	37,839	49,478	32,826	49,359	14,976	28,133	12,504	29,987	12,620	18,659	21,777	11,252	9,601	10,795	7,056	8,447	4,247	4,851	5,145	2,956	2,834	3,587	2,626	2,146	2,717	2,899	3,077	2,315	3,015	2,544	3,096	3,009	3,271	2,296	3,373	3,012	1,467	1,693	1,712	1,472	2,130	1,922	2,088	1,350	1,181	882	573	455	220	220	569	257	200	235	125	127	6	220	100	100	100	100	100	100	100	0	100	100	100	0	100	100	100	-	100	100	100

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

Gross Profit (+$)
totalRevenue	576,429
Cost of Revenue	-135,376
Gross Profit	441,053	441,053

Operating Income (+$)
Gross Profit	441,053
Operating Expense	-223,864
Operating Income	217,189	217,189

Operating Expense (+$)
Research Development	130,481
Selling General Administrative	69,070
Selling And Marketing Expenses	0
Operating Expense	223,864	199,551

Net Interest Income (+$)
Interest Income	23,806
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	23,806

Pretax Income (+$)
Operating Income	217,189
Net Interest Income	23,806
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	245,171	217,373 EBIT - interestExpense = 217,189 245,171 203,011
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	217,189	245,171
Earnings Before Interest and Taxes (EBITDA)	260,591

After tax Income (+$)
Income Before Tax	245,171
Tax Provision	-44,043
Net Income From Continuing Ops	206,167	201,128
Net Income	203,011
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	359,240
Total Other Income/Expenses Net	-184	-23,806

Technical Analysis of Universal Display
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 Universal Display. The general trend of Universal Display is BEARISH with 57.1% 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 Universal Display'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 (-57.1%)		Bearish trend (57.1%)
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 Universal Display.

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

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

The bullish price targets are: 155.90 < 161.85 < 168.19.

The bearish price targets are: 138.18 > 136.71 > 136.48.

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Universal Display 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 Universal Display. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-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 higher than the MA 200. +1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Universal Display 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 Universal Display. The current macd is -3.51650481.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Universal Display price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Universal Display. 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 Universal Display 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

Universal Display 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 Universal Display. The current adx is 19.58.

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 Universal Display 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.

Universal Display 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 Universal Display. The current sar is 148.75.

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

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

Universal Display 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 Universal Display. The current rsi is 43.23. 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.

Universal Display 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 Universal Display. 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 Universal Display price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Universal Display 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 Universal Display. The current cci is -40.33021568.

Universal Display 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 Universal Display. The current cmo is -7.68813862.

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

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

Universal Display 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 Universal Display. The current willr is -59.72222222.

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 Universal Display is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Universal Display 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 Universal Display.

Universal Display 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 Universal Display. The current atr is 3.99772699.

Universal Display 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 Universal Display. The current obv is 8,133,860.

Universal Display 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 Universal Display. The current mfi is 50.73.

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

MFI > 50: +1

Universal Display Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Universal Display.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Universal Display Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Universal Display based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.226
Ma 20	Greater than	Ma 50	159.785
Ma 50	Greater than	Ma 100	166.341
Ma 100	Greater than	Ma 200	173.203
Open	Greater than	Close	155.760
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Universal Display (30 sec.)

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

$156.58

$30.39

$-20.72 - $18.41

$9.67 - $48.80

2. Growth of Universal Display (5 min.)

Is Universal Display growing?

How much money is Universal Display making?

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

3. Financial Health of Universal Display (5 min.)

4. Comparing to competitors in the Electronic Components industry (5 min.)

Industry Rankings (Electronic Components)

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

What can you expect buying and holding a share of Universal Display?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Universal Display

About Universal Display

Financial Health

Valuation

1.1. Profitability of Universal Display.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Electronic Components)

1.1.2. Return on Assets

Trends

Compared to industry (Electronic Components)

1.1.3. Return on Equity

Trends

Compared to industry (Electronic Components)

1.2. Operating Efficiency of Universal Display.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Electronic Components)

1.2.2. Operating Ratio

Trends

Compared to industry (Electronic Components)

1.3. Liquidity of Universal Display.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Electronic Components)

1.3.2. Quick Ratio

Trends

Compared to industry (Electronic Components)

1.4. Solvency of Universal Display.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Electronic Components)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Electronic Components)

2. Market Valuation of Universal Display

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Electronic Components)

Universal Display
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