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SAP SE
Buy, Hold or Sell?

Let's analyse Sap together

PenkeI guess you are interested in SAP SE. 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 SAP SE. 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 Sap (30 sec.)










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

How much money do you get?

How much money do you get?
€2.21
When do you have the money?
1 year
How often do you get paid?
25.0%

What is your share worth?

Current worth
€36.76
Expected worth in 1 year
€36.89
How sure are you?
85.0%

+ What do you gain per year?

Total Gains per Share
€2.17
Return On Investment
1.2%

For what price can you sell your share?

Current Price per Share
€177.22
Expected price per share
€159.66 - €182.18
How sure are you?
50%

1. Valuation of Sap (5 min.)




Live pricePrice per Share (EOD)

€177.22

Intrinsic Value Per Share

€15.27 - €42.99

Total Value Per Share

€52.03 - €79.75

2. Growth of Sap (5 min.)




Is Sap growing?

Current yearPrevious yearGrowGrow %
How rich?$47b$47.4b-$670.7m-1.4%

How much money is Sap making?

Current yearPrevious yearGrowGrow %
Making money$1.4b$437.4m$980.5m69.1%
Net Profit Margin16.9%5.2%--

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

3. Financial Health of Sap (5 min.)




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

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

What can you expect buying and holding a share of Sap?

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

Speculation

The Price per Share of Sap is €177.22. 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 Sap.
  • 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 Sap, 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 €36.76. Based on the TTM, the Book Value Change Per Share is €0.03 per quarter. Based on the YOY, the Book Value Change Per Share is €0.11 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 €0.51 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Sap.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.76-0.4%1.200.7%0.470.3%1.000.6%0.900.5%
Usd Book Value Change Per Share-0.10-0.1%0.040.0%0.120.1%0.670.4%0.620.4%
Usd Dividend Per Share0.000.0%0.550.3%0.660.4%0.510.3%0.420.2%
Usd Total Gains Per Share-0.10-0.1%0.590.3%0.780.4%1.180.7%1.040.6%
Usd Price Per Share196.02-154.21-104.14-126.74-106.40-
Price to Earnings Ratio-64.55-1.43-59.00-31.06-22.84-
Price-to-Total Gains Ratio-1,991.28--261.04-487.18-981.39-502.15-
Price to Book Ratio4.91-3.88-2.58-3.82-3.90-
Price-to-Total Gains Ratio-1,991.28--261.04-487.18-981.39-502.15-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share192.496364
Number of shares5
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.550.51
Usd Book Value Change Per Share0.040.67
Usd Total Gains Per Share0.591.18
Gains per Quarter (5 shares)2.955.89
Gains per Year (5 shares)11.7823.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11112101314
222114202738
333226314062
444338415386
5554505167110
6664626180134
7775747293158
88868682107182
910079892120206
101117110102133230

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%38.02.00.095.0%85.02.00.097.7%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%15.05.00.075.0%30.010.00.075.0%66.021.00.075.9%
Dividend per Share1.00.03.025.0%3.00.09.025.0%5.00.015.025.0%10.00.030.025.0%28.00.059.032.2%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%34.06.00.085.0%74.013.00.085.1%

Fundamentals of Sap

About SAP SE

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management. The company also provides SAP customer experience solutions; SAP Business Technology platform that enables customers and partners to build, integrate, and automate applications; and SAP Business Network, a business-to-business collaboration platform that helps digitalize key business processes across the supply chain and enables communication between trading partners. In addition, it offers SAP Signavio to help customers to discover, analyze, and understand their business process operations; SAP's industry cloud solutions that provides modular solutions addressing industry-specific functions; Taulia solutions for working capital management to help enable customers mitigate the effects of inflation by providing visibility into working capital and access to liquidity; and sustainability solutions and services. SAP SE was founded in 1972 and is headquartered in Walldorf, Germany.

Fundamental data was last updated by Penke on 2024-05-21 09:19:05.

Financial Health

Profitability Details
 Compared to previous yearCompared 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 yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared 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 yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of SAP SE.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Sap earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Sap to the Software - Application industry mean.
  • A Net Profit Margin of -10.2% means that €-0.10 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SAP SE:

  • The MRQ is -10.2%. The company is making a huge loss. -2
  • The TTM is 16.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-10.2%TTM16.9%-27.1%
TTM16.9%YOY5.2%+11.7%
TTM16.9%5Y14.8%+2.1%
5Y14.8%10Y15.1%-0.3%
1.1.2. Return on Assets

Shows how efficient Sap is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Sap to the Software - Application industry mean.
  • -1.1% Return on Assets means that Sap generated €-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SAP SE:

  • The MRQ is -1.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-1.1%TTM1.9%-3.0%
TTM1.9%YOY0.5%+1.4%
TTM1.9%5Y1.7%+0.2%
5Y1.7%10Y1.9%-0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Sap to the Software - Application industry mean.
  • -1.9% Return on Equity means Sap generated €-0.02 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SAP SE:

  • The MRQ is -1.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-1.9%TTM3.1%-5.0%
TTM3.1%YOY1.0%+2.1%
TTM3.1%5Y3.1%0.0%
5Y3.1%10Y3.4%-0.3%

1.2. Operating Efficiency of SAP SE.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Sap is operating .

  • Measures how much profit Sap 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 Sap to the Software - Application industry mean.
  • An Operating Margin of 18.7% means the company generated €0.19  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of SAP SE:

  • The MRQ is 18.7%. The company is operating efficient. +1
  • The TTM is 21.5%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ18.7%TTM21.5%-2.8%
TTM21.5%YOY15.2%+6.3%
TTM21.5%5Y20.9%+0.6%
5Y20.9%10Y21.7%-0.8%
1.2.2. Operating Ratio

Measures how efficient Sap is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Application industry mean).
  • An Operation Ratio of 1.10 means that the operating costs are €1.10 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of SAP SE:

  • The MRQ is 1.098. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.867. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.098TTM0.867+0.231
TTM0.867YOY0.847+0.020
TTM0.8675Y0.820+0.047
5Y0.82010Y0.796+0.024

1.3. Liquidity of SAP SE.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software - Application industry mean).
  • A Current Ratio of 1.25 means the company has €1.25 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of SAP SE:

  • The MRQ is 1.247. The company is just able to pay all its short-term debts.
  • The TTM is 1.386. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.247TTM1.386-0.138
TTM1.386YOY1.116+0.270
TTM1.3865Y1.158+0.228
5Y1.15810Y1.162-0.004
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Sap to the Software - Application industry mean.
  • A Quick Ratio of 1.35 means the company can pay off €1.35 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SAP SE:

  • The MRQ is 1.348. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.432. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.348TTM1.432-0.084
TTM1.432YOY0.962+0.470
TTM1.4325Y1.126+0.306
5Y1.12610Y1.139-0.013

1.4. Solvency of SAP SE.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Sap assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Sap to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.41 means that Sap assets are financed with 40.6% credit (debt) and the remaining percentage (100% - 40.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of SAP SE:

  • The MRQ is 0.406. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.387. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.406TTM0.387+0.019
TTM0.387YOY0.417-0.030
TTM0.3875Y0.449-0.062
5Y0.44910Y0.446+0.002
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Sap to the Software - Application industry mean.
  • A Debt to Equity ratio of 68.7% means that company has €0.69 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SAP SE:

  • The MRQ is 0.687. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.636. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.687TTM0.636+0.051
TTM0.636YOY0.765-0.130
TTM0.6365Y0.850-0.214
5Y0.85010Y0.828+0.022

2. Market Valuation of SAP SE

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 Sap generates.

  • Above 15 is considered overpriced but always compare Sap to the Software - Application industry mean.
  • A PE ratio of -64.55 means the investor is paying €-64.55 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SAP SE:

  • The EOD is -63.393. Based on the earnings, the company is expensive. -2
  • The MRQ is -64.552. Based on the earnings, the company is expensive. -2
  • The TTM is 1.434. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-63.393MRQ-64.552+1.159
MRQ-64.552TTM1.434-65.986
TTM1.434YOY59.002-57.567
TTM1.4345Y31.063-29.629
5Y31.06310Y22.837+8.226
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of SAP SE:

  • The EOD is 20.325. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 20.697. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 33.505. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD20.325MRQ20.697-0.372
MRQ20.697TTM33.505-12.808
TTM33.505YOY211.901-178.396
TTM33.5055Y81.982-48.477
5Y81.98210Y123.946-41.964
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software - Application industry mean).
  • A PB ratio of 4.91 means the investor is paying €4.91 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of SAP SE:

  • The EOD is 4.821. Based on the equity, the company is fair priced.
  • The MRQ is 4.910. Based on the equity, the company is fair priced.
  • The TTM is 3.883. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD4.821MRQ4.910-0.088
MRQ4.910TTM3.883+1.026
TTM3.883YOY2.583+1.300
TTM3.8835Y3.822+0.061
5Y3.82210Y3.897-0.075
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of SAP SE compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0910.033-372%0.111-181%0.614-115%0.572-116%
Book Value Per Share--36.75736.537+1%37.222-1%31.508+17%25.681+43%
Current Ratio--1.2471.386-10%1.116+12%1.158+8%1.162+7%
Debt To Asset Ratio--0.4060.387+5%0.417-3%0.449-10%0.446-9%
Debt To Equity Ratio--0.6870.636+8%0.765-10%0.850-19%0.828-17%
Dividend Per Share---0.509-100%0.610-100%0.470-100%0.382-100%
Eps---0.6991.109-163%0.432-262%0.922-176%0.825-185%
Free Cash Flow Per Share--2.1801.273+71%0.986+121%1.054+107%0.866+152%
Free Cash Flow To Equity Per Share--1.737-0.213+112%-0.468+127%0.162+969%0.432+302%
Gross Profit Margin--3.7650.691+445%-5.910+257%-1.493+140%-0.742+120%
Intrinsic Value_10Y_max--42.990--------
Intrinsic Value_10Y_min--15.271--------
Intrinsic Value_1Y_max--4.355--------
Intrinsic Value_1Y_min--3.155--------
Intrinsic Value_3Y_max--13.049--------
Intrinsic Value_3Y_min--8.128--------
Intrinsic Value_5Y_max--21.700--------
Intrinsic Value_5Y_min--11.583--------
Market Cap206856492093.440-3%212762340000.000167299199007.645+27%112488025000.000+89%137994701143.940+54%116414535321.970+83%
Net Profit Margin---0.1020.169-161%0.052-299%0.148-169%0.151-168%
Operating Margin--0.1870.215-13%0.152+23%0.209-10%0.217-14%
Operating Ratio--1.0980.867+27%0.847+30%0.820+34%0.796+38%
Pb Ratio4.821-2%4.9103.883+26%2.583+90%3.822+28%3.897+26%
Pe Ratio-63.393+2%-64.5521.434-4600%59.002-209%31.063-308%22.837-383%
Price Per Share177.220-2%180.460141.975+27%95.875+88%116.681+55%97.956+84%
Price To Free Cash Flow Ratio20.325-2%20.69733.505-38%211.901-90%81.982-75%123.946-83%
Price To Total Gains Ratio-1955.525+2%-1991.277-261.035-87%487.184-509%981.394-303%502.150-497%
Quick Ratio--1.3481.432-6%0.962+40%1.126+20%1.139+18%
Return On Assets---0.0110.019-160%0.005-311%0.017-168%0.019-160%
Return On Equity---0.0190.031-162%0.010-296%0.031-162%0.034-156%
Total Gains Per Share---0.0910.542-117%0.721-113%1.084-108%0.954-109%
Usd Book Value--47071563200.00046763897050.000+1%47434625550.000-1%40442375980.000+16%33128258195.000+42%
Usd Book Value Change Per Share---0.0980.036-372%0.121-181%0.667-115%0.621-116%
Usd Book Value Per Share--39.92539.687+1%40.430-1%34.224+17%27.895+43%
Usd Dividend Per Share---0.553-100%0.663-100%0.511-100%0.415-100%
Usd Eps---0.7591.204-163%0.470-262%1.002-176%0.896-185%
Usd Free Cash Flow--2791534000.0001629571550.000+71%1256461850.000+122%1354762950.000+106%1118025660.000+150%
Usd Free Cash Flow Per Share--2.3681.383+71%1.071+121%1.145+107%0.940+152%
Usd Free Cash Flow To Equity Per Share--1.887-0.231+112%-0.508+127%0.176+969%0.469+302%
Usd Market Cap224687521711.895-3%231102453708.000181720389962.104+27%122184492755.000+89%149889844382.548+54%126449468266.724+83%
Usd Price Per Share192.496-2%196.016154.213+27%104.139+88%126.739+55%106.400+84%
Usd Profit---895028800.0001418034100.000-163%437467050.000-305%1164840880.000-177%1055895020.000-185%
Usd Revenue--8734134200.0008637462400.000+1%8481592700.000+3%7970807150.000+10%6999119785.000+25%
Usd Total Gains Per Share---0.0980.589-117%0.784-113%1.178-108%1.036-109%
 EOD+4 -4MRQTTM+15 -21YOY+17 -195Y+19 -1710Y+19 -17

3.2. Fundamental Score

Let's check the fundamental score of SAP SE based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-63.393
Price to Book Ratio (EOD)Between0-14.821
Net Profit Margin (MRQ)Greater than0-0.102
Operating Margin (MRQ)Greater than00.187
Quick Ratio (MRQ)Greater than11.348
Current Ratio (MRQ)Greater than11.247
Debt to Asset Ratio (MRQ)Less than10.406
Debt to Equity Ratio (MRQ)Less than10.687
Return on Equity (MRQ)Greater than0.15-0.019
Return on Assets (MRQ)Greater than0.05-0.011
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of SAP SE based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.605
Ma 20Greater thanMa 50175.009
Ma 50Greater thanMa 100173.286
Ma 100Greater thanMa 200166.620
OpenGreater thanClose180.580
Total5/5 (100.0%)



Reversals in quarterly reports

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

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Income before Tax  677,000416,0001,093,000668,0001,761,00001,761,000-2,741,000-980,000
Minority Interest  3,00071,00074,000-68,0006,00014,00020,000-24,000-4,000
Net Income  407,0003,048,0003,455,000-2,177,0001,278,00035,0001,313,000-2,137,000-824,000
Operating Income  1,230,000128,0001,358,000366,0001,724,000261,0001,985,000-2,772,000-787,000
Tax Provision  274,00095,000369,000120,000489,000120,000609,000-766,000-157,000
Income Tax Expense  274,00095,000369,000120,000489,000106,000595,000-752,000-157,000
Net Income from Continuing Operations  403,000321,000724,000548,0001,272,000-71,0001,201,000-2,025,000-824,000



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets72,915,000
Total Liabilities29,579,000
Total Stockholder Equity43,079,000
 As reported
Total Liabilities 29,579,000
Total Stockholder Equity+ 43,079,000
Total Assets = 72,915,000

Assets

Total Assets72,915,000
Total Current Assets23,796,000
Long-term Assets49,119,000
Total Current Assets
Cash And Cash Equivalents 9,295,000
Short-term Investments 4,312,000
Net Receivables 7,795,000
Other Current Assets 2,394,000
Total Current Assets  (as reported)23,796,000
Total Current Assets  (calculated)23,796,000
+/-0
Long-term Assets
Property Plant Equipment 4,264,000
Goodwill 29,558,000
Long Term Investments 5,687,000
Intangible Assets 2,449,000
Long-term Assets Other 4,037,000
Long-term Assets  (as reported)49,119,000
Long-term Assets  (calculated)45,995,000
+/- 3,124,000

Liabilities & Shareholders' Equity

Total Current Liabilities19,078,000
Long-term Liabilities10,501,000
Total Stockholder Equity43,079,000
Total Current Liabilities
Short-term Debt 1,659,000
Accounts payable 1,926,000
Other Current Liabilities 7,499,000
Total Current Liabilities  (as reported)19,078,000
Total Current Liabilities  (calculated)11,084,000
+/- 7,994,000
Long-term Liabilities
Long-term Liabilities Other 1,015,000
Long-term Liabilities  (as reported)10,501,000
Long-term Liabilities  (calculated)1,015,000
+/- 9,486,000
Total Stockholder Equity
Common Stock1,229,000
Retained Earnings 41,630,000
Accumulated Other Comprehensive Income 3,183,000
Other Stockholders Equity -2,963,000
Total Stockholder Equity (as reported)43,079,000
Total Stockholder Equity (calculated)43,079,000
+/-0
Other
Capital Stock1,229,000
Cash and Short Term Investments 13,607,000
Common Stock Shares Outstanding 1,179,000
Current Deferred Revenue7,994,000
Liabilities and Stockholders Equity 72,915,000
Net Debt 304,000
Net Invested Capital 43,079,000
Net Working Capital 4,718,000
Short Long Term Debt Total 9,599,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-31
> Total Assets 
3,814,228
3,845,248
3,709,320
4,830,492
5,349,732
5,070,582
5,134,346
5,583,888
5,885,832
5,827,700
5,985,758
6,198,364
6,351,453
5,501,069
5,076,465
5,614,826
6,033,328
5,719,613
5,677,251
6,314,824
7,152,348
6,894,035
6,868,501
7,579,869
8,270,501
7,914,061
8,061,712
9,055,862
9,518,140
8,549,905
8,713,262
9,502,010
9,940,877
9,555,990
9,355,280
10,382,700
14,364,548
13,355,888
13,595,287
14,195,117
15,217,000
0
14,374,000
13,374,000
15,193,000
15,672,000
19,086,000
20,841,000
21,610,000
20,896,000
21,239,000
23,225,000
25,633,000
24,488,000
24,332,000
26,870,000
29,294,000
27,494,000
27,534,000
27,094,000
29,349,000
28,226,000
29,593,000
38,507,000
43,931,000
40,944,000
40,657,000
41,390,000
42,884,000
41,788,000
41,601,000
44,354,000
47,724,000
42,900,000
41,430,000
42,497,000
45,473,000
45,481,000
45,646,000
51,491,000
60,596,000
57,707,000
59,800,000
60,229,000
62,947,000
60,709,000
59,278,000
58,476,000
66,495,000
63,095,000
65,030,000
71,169,000
76,374,000
75,575,000
78,234,000
72,160,000
73,533,000
69,719,000
68,011,000
70,339,000
72,915,000
72,915,00070,339,00068,011,00069,719,00073,533,00072,160,00078,234,00075,575,00076,374,00071,169,00065,030,00063,095,00066,495,00058,476,00059,278,00060,709,00062,947,00060,229,00059,800,00057,707,00060,596,00051,491,00045,646,00045,481,00045,473,00042,497,00041,430,00042,900,00047,724,00044,354,00041,601,00041,788,00042,884,00041,390,00040,657,00040,944,00043,931,00038,507,00029,593,00028,226,00029,349,00027,094,00027,534,00027,494,00029,294,00026,870,00024,332,00024,488,00025,633,00023,225,00021,239,00020,896,00021,610,00020,841,00019,086,00015,672,00015,193,00013,374,00014,374,000015,217,00014,195,11713,595,28713,355,88814,364,54810,382,7009,355,2809,555,9909,940,8779,502,0108,713,2628,549,9059,518,1409,055,8628,061,7127,914,0618,270,5017,579,8696,868,5016,894,0357,152,3486,314,8245,677,2515,719,6136,033,3285,614,8265,076,4655,501,0696,351,4536,198,3645,985,7585,827,7005,885,8325,583,8885,134,3465,070,5825,349,7324,830,4923,709,3203,845,2483,814,228
   > Total Current Assets 
2,568,519
2,463,045
2,197,908
3,518,193
3,965,477
3,101,139
2,980,392
3,573,553
3,923,507
3,409,787
3,057,095
3,359,367
3,534,831
3,205,014
2,922,537
3,484,136
3,951,134
3,699,801
3,686,181
4,376,636
5,174,333
4,786,226
4,850,010
5,680,944
6,337,297
5,870,710
5,563,986
6,324,288
6,652,056
5,345,941
5,515,720
6,323,595
6,793,931
5,721,774
5,385,417
6,418,371
6,048,231
5,064,537
4,997,516
5,781,200
6,833,000
0
6,033,000
5,255,000
6,943,000
7,366,000
6,002,000
7,143,000
8,288,000
7,680,000
8,000,000
9,669,000
9,193,000
7,536,000
7,656,000
7,033,000
9,269,000
7,776,000
7,197,000
7,352,000
9,664,000
7,610,000
8,001,000
8,980,000
11,855,000
9,710,000
9,618,000
9,739,000
12,368,000
10,549,000
10,374,000
11,626,000
15,147,000
11,638,000
11,219,000
11,930,000
15,079,000
11,448,000
11,391,000
16,620,000
16,062,000
13,551,000
14,085,000
15,193,000
17,333,000
16,043,000
15,617,000
15,085,000
20,078,000
16,502,000
16,927,000
20,044,000
23,367,000
20,121,000
20,839,000
18,570,000
26,507,000
22,990,000
20,817,000
19,325,000
23,796,000
23,796,00019,325,00020,817,00022,990,00026,507,00018,570,00020,839,00020,121,00023,367,00020,044,00016,927,00016,502,00020,078,00015,085,00015,617,00016,043,00017,333,00015,193,00014,085,00013,551,00016,062,00016,620,00011,391,00011,448,00015,079,00011,930,00011,219,00011,638,00015,147,00011,626,00010,374,00010,549,00012,368,0009,739,0009,618,0009,710,00011,855,0008,980,0008,001,0007,610,0009,664,0007,352,0007,197,0007,776,0009,269,0007,033,0007,656,0007,536,0009,193,0009,669,0008,000,0007,680,0008,288,0007,143,0006,002,0007,366,0006,943,0005,255,0006,033,00006,833,0005,781,2004,997,5165,064,5376,048,2316,418,3715,385,4175,721,7746,793,9316,323,5955,515,7205,345,9416,652,0566,324,2885,563,9865,870,7106,337,2975,680,9444,850,0104,786,2265,174,3334,376,6363,686,1813,699,8013,951,1343,484,1362,922,5373,205,0143,534,8313,359,3673,057,0953,409,7873,923,5073,573,5532,980,3923,101,1393,965,4773,518,1932,197,9082,463,0452,568,519
       Cash And Cash Equivalents 
0
0
0
711,542
1,566,311
1,157,940
1,048,636
1,086,263
1,590,179
1,143,655
880,355
866,535
1,117,470
1,053,910
980,255
1,149,506
1,880,839
1,778,199
1,813,495
1,338,052
2,918,729
2,762,861
2,833,930
3,194,181
3,976,722
3,444,128
3,132,755
3,211,132
3,788,446
0
0
2,398,547
2,664,125
1,929,667
1,609,669
1,610,423
2,235,794
1,411,970
1,484,502
1,276,490
2,020,000
0
2,414,000
1,884,000
2,413,000
3,605,000
2,828,000
3,518,000
4,477,000
3,842,000
3,911,000
4,965,000
4,548,000
3,376,000
3,926,000
2,475,000
4,473,000
3,386,000
3,255,000
2,748,000
4,513,000
3,123,000
3,354,000
3,328,000
4,635,000
3,923,000
3,844,000
3,411,000
5,743,000
4,206,000
4,112,000
3,702,000
5,937,000
4,236,000
4,220,000
4,011,000
7,598,000
4,515,000
4,507,000
8,627,000
7,332,000
5,168,000
5,525,000
5,314,000
7,816,000
6,205,000
7,434,000
5,311,000
10,332,000
7,764,000
7,943,000
8,898,000
8,942,000
7,492,000
7,340,000
9,006,000
8,766,000
14,142,000
9,378,000
8,124,000
9,295,000
9,295,0008,124,0009,378,00014,142,0008,766,0009,006,0007,340,0007,492,0008,942,0008,898,0007,943,0007,764,00010,332,0005,311,0007,434,0006,205,0007,816,0005,314,0005,525,0005,168,0007,332,0008,627,0004,507,0004,515,0007,598,0004,011,0004,220,0004,236,0005,937,0003,702,0004,112,0004,206,0005,743,0003,411,0003,844,0003,923,0004,635,0003,328,0003,354,0003,123,0004,513,0002,748,0003,255,0003,386,0004,473,0002,475,0003,926,0003,376,0004,548,0004,965,0003,911,0003,842,0004,477,0003,518,0002,828,0003,605,0002,413,0001,884,0002,414,00002,020,0001,276,4901,484,5021,411,9702,235,7941,610,4231,609,6691,929,6672,664,1252,398,547003,788,4463,211,1323,132,7553,444,1283,976,7223,194,1812,833,9302,762,8612,918,7291,338,0521,813,4951,778,1991,880,8391,149,506980,2551,053,9101,117,470866,535880,3551,143,6551,590,1791,086,2631,048,6361,157,9401,566,311711,542000
       Short-term Investments 
0
0
0
0
0
0
0
95,602
0
0
0
97,780
0
0
0
1,350
0
0
0
1,350
0
0
0
10,156
0
0
0
209,406
0
2,537,189
2,792,530
930,879
1,167,005
879,875
962,157
598,765
179,193
305,016
110,646
382,157
1,083,000
0
625,000
486,000
683,000
574,000
258,000
158,000
252,000
721,000
1,374,000
993,000
1,028,000
745,000
0
154,000
129,000
296,000
221,000
38,000
705,000
30,000
461,000
41,000
959,000
67,000
921,000
27,000
360,000
386,000
501,000
1,124,000
1,545,000
868,000
1,013,000
990,000
858,000
396,000
484,000
448,000
591,000
402,000
328,000
297,000
358,000
1,419,000
530,000
1,635,000
1,413,000
879,000
1,557,000
2,758,000
2,544,000
987,000
1,482,000
856,000
1,124,000
480,000
3,050,000
3,157,000
4,312,000
4,312,0003,157,0003,050,000480,0001,124,000856,0001,482,000987,0002,544,0002,758,0001,557,000879,0001,413,0001,635,000530,0001,419,000358,000297,000328,000402,000591,000448,000484,000396,000858,000990,0001,013,000868,0001,545,0001,124,000501,000386,000360,00027,000921,00067,000959,00041,000461,00030,000705,00038,000221,000296,000129,000154,0000745,0001,028,000993,0001,374,000721,000252,000158,000258,000574,000683,000486,000625,00001,083,000382,157110,646305,016179,193598,765962,157879,8751,167,005930,8792,792,5302,537,1890209,40600010,1560001,3500001,35000097,78000095,6020000000
       Net Receivables 
0
0
0
1,846,997
1,918,914
1,943,198
1,931,757
2,197,354
2,333,328
2,264,955
2,177,837
2,390,557
2,417,361
0
1,709,370
2,033,141
1,761,856
1,527,026
1,454,914
1,767,624
1,686,629
1,532,281
1,538,396
1,927,675
1,800,518
1,799,701
1,792,877
2,249,318
2,141,726
1,972,152
1,947,049
2,440,001
2,372,187
2,282,799
2,158,372
3,240,050
2,859,486
3,089,558
2,641,321
3,597,447
3,533,000
0
2,097,000
2,546,000
3,555,000
2,768,000
2,382,000
3,099,000
3,214,000
2,738,000
2,530,000
3,493,000
3,617,000
3,415,000
2,962,000
4,072,000
4,229,000
3,687,000
3,308,000
4,189,000
4,014,000
3,862,000
3,715,000
4,818,000
5,777,000
5,011,000
4,323,000
5,818,000
5,715,000
5,321,000
5,124,000
6,213,000
6,890,000
5,783,000
5,230,000
6,205,000
5,774,000
5,531,000
5,375,000
6,655,000
7,094,000
6,770,000
6,925,000
8,402,000
7,908,000
7,060,000
6,281,000
6,805,000
6,899,000
6,287,000
5,787,000
6,974,000
9,993,000
9,530,000
9,782,000
6,555,000
6,991,000
5,997,000
6,015,000
7,070,000
7,795,000
7,795,0007,070,0006,015,0005,997,0006,991,0006,555,0009,782,0009,530,0009,993,0006,974,0005,787,0006,287,0006,899,0006,805,0006,281,0007,060,0007,908,0008,402,0006,925,0006,770,0007,094,0006,655,0005,375,0005,531,0005,774,0006,205,0005,230,0005,783,0006,890,0006,213,0005,124,0005,321,0005,715,0005,818,0004,323,0005,011,0005,777,0004,818,0003,715,0003,862,0004,014,0004,189,0003,308,0003,687,0004,229,0004,072,0002,962,0003,415,0003,617,0003,493,0002,530,0002,738,0003,214,0003,099,0002,382,0002,768,0003,555,0002,546,0002,097,00003,533,0003,597,4472,641,3213,089,5582,859,4863,240,0502,158,3722,282,7992,372,1872,440,0011,947,0491,972,1522,141,7262,249,3181,792,8771,799,7011,800,5181,927,6751,538,3961,532,2811,686,6291,767,6241,454,9141,527,0261,761,8562,033,1411,709,37002,417,3612,390,5572,177,8372,264,9552,333,3282,197,3541,931,7571,943,1981,918,9141,846,997000
       Other Current Assets 
2,568,519
2,463,045
2,197,908
956,514
480,252
0
0
188,536
0
1,177
-1,098
0
0
1,007
-1,013
199,890
0
0
0
505,008
0
820
0
537,248
-771
-826
0
635,071
0
0
0
367,304
370,537
367,169
437,981
211,934
484,390
110,568
446,131
225,559
79,000
0
568,000
328,000
168,000
217,000
223,000
356,000
345,000
379,000
157,000
207,000
0
0
535,000
332,000
346,000
407,000
413,000
58,000
432,000
470,000
471,000
122,000
484,000
633,000
530,000
122,000
550,000
636,000
637,000
587,000
775,000
751,000
756,000
724,000
849,000
1,006,000
1,025,000
890,000
1,045,000
1,211,000
1,307,000
1,180,000
1,251,000
1,359,000
1,372,000
1,334,000
1,434,000
1,572,000
1,640,000
1,414,000
1,888,000
2,112,000
2,235,000
2,153,000
2,241,000
2,371,000
2,374,000
974,000
2,394,000
2,394,000974,0002,374,0002,371,0002,241,0002,153,0002,235,0002,112,0001,888,0001,414,0001,640,0001,572,0001,434,0001,334,0001,372,0001,359,0001,251,0001,180,0001,307,0001,211,0001,045,000890,0001,025,0001,006,000849,000724,000756,000751,000775,000587,000637,000636,000550,000122,000530,000633,000484,000122,000471,000470,000432,00058,000413,000407,000346,000332,000535,00000207,000157,000379,000345,000356,000223,000217,000168,000328,000568,000079,000225,559446,131110,568484,390211,934437,981367,169370,537367,304000635,0710-826-771537,24808200505,008000199,890-1,0131,00700-1,0981,1770188,53600480,252956,5142,197,9082,463,0452,568,519
   > Long-term Assets 
1,245,709
1,382,203
1,511,412
1,312,299
1,384,255
1,969,444
2,153,954
2,010,336
1,962,324
2,417,913
2,928,664
2,838,997
2,816,622
2,296,055
2,153,928
2,130,689
2,082,194
2,019,812
1,991,070
1,938,188
1,978,015
2,107,809
2,018,492
1,898,925
1,933,204
2,043,351
2,497,726
2,731,574
2,866,085
3,203,964
3,197,542
3,178,415
3,146,946
3,834,216
3,969,862
3,964,329
8,316,317
8,291,352
8,597,771
8,413,916
8,384,000
0
8,341,000
8,119,000
8,250,000
8,306,000
13,084,000
13,698,000
13,322,000
13,216,000
13,239,000
13,556,000
16,440,000
16,952,000
16,676,000
19,836,000
20,025,000
19,717,000
20,336,000
19,741,000
19,685,000
20,616,000
21,592,000
29,527,000
32,076,000
31,233,000
31,039,000
31,651,000
30,516,000
31,239,000
31,227,000
32,728,000
32,578,000
31,263,000
30,212,000
30,567,000
30,393,000
34,034,000
34,255,000
34,871,000
44,534,000
44,156,000
45,715,000
45,037,000
45,614,000
44,666,000
43,661,000
43,392,000
46,417,000
46,593,000
48,103,000
51,125,000
53,007,000
55,454,000
57,395,000
53,590,000
47,026,000
46,730,000
47,194,000
51,014,000
49,119,000
49,119,00051,014,00047,194,00046,730,00047,026,00053,590,00057,395,00055,454,00053,007,00051,125,00048,103,00046,593,00046,417,00043,392,00043,661,00044,666,00045,614,00045,037,00045,715,00044,156,00044,534,00034,871,00034,255,00034,034,00030,393,00030,567,00030,212,00031,263,00032,578,00032,728,00031,227,00031,239,00030,516,00031,651,00031,039,00031,233,00032,076,00029,527,00021,592,00020,616,00019,685,00019,741,00020,336,00019,717,00020,025,00019,836,00016,676,00016,952,00016,440,00013,556,00013,239,00013,216,00013,322,00013,698,00013,084,0008,306,0008,250,0008,119,0008,341,00008,384,0008,413,9168,597,7718,291,3528,316,3173,964,3293,969,8623,834,2163,146,9463,178,4153,197,5423,203,9642,866,0852,731,5742,497,7262,043,3511,933,2041,898,9252,018,4922,107,8091,978,0151,938,1881,991,0702,019,8122,082,1942,130,6892,153,9282,296,0552,816,6222,838,9972,928,6642,417,9131,962,3242,010,3362,153,9541,969,4441,384,2551,312,2991,511,4121,382,2031,245,709
       Property Plant Equipment 
678,126
727,323
749,159
794,869
806,697
817,802
853,646
870,309
913,240
961,282
1,040,620
996,908
1,011,919
990,494
1,017,723
1,035,152
1,015,928
1,009,037
1,014,837
1,017,877
1,018,633
1,014,962
1,002,008
998,345
1,006,716
1,029,109
1,053,118
1,094,134
1,107,163
1,121,466
1,155,149
1,206,103
1,233,627
1,270,684
1,291,519
1,318,242
1,344,262
1,355,415
1,386,623
1,405,073
1,402,000
0
1,372,000
1,371,000
1,393,000
1,415,000
1,415,000
1,449,000
1,443,000
1,463,000
1,497,000
1,551,000
1,576,000
1,656,000
1,632,000
1,710,000
1,725,000
1,751,000
1,771,000
1,820,000
1,832,000
1,847,000
1,916,000
2,102,000
2,184,000
2,145,000
2,122,000
2,192,000
2,177,000
2,284,000
2,373,000
2,580,000
2,620,000
2,719,000
2,806,000
2,967,000
3,044,000
3,284,000
3,420,000
3,553,000
5,523,000
5,405,000
5,449,000
5,497,000
5,383,000
5,272,000
5,114,000
5,042,000
4,947,000
4,827,000
4,834,000
4,977,000
4,991,000
4,996,000
5,032,000
4,934,000
4,465,000
4,361,000
4,402,000
4,276,000
4,264,000
4,264,0004,276,0004,402,0004,361,0004,465,0004,934,0005,032,0004,996,0004,991,0004,977,0004,834,0004,827,0004,947,0005,042,0005,114,0005,272,0005,383,0005,497,0005,449,0005,405,0005,523,0003,553,0003,420,0003,284,0003,044,0002,967,0002,806,0002,719,0002,620,0002,580,0002,373,0002,284,0002,177,0002,192,0002,122,0002,145,0002,184,0002,102,0001,916,0001,847,0001,832,0001,820,0001,771,0001,751,0001,725,0001,710,0001,632,0001,656,0001,576,0001,551,0001,497,0001,463,0001,443,0001,449,0001,415,0001,415,0001,393,0001,371,0001,372,00001,402,0001,405,0731,386,6231,355,4151,344,2621,318,2421,291,5191,270,6841,233,6271,206,1031,155,1491,121,4661,107,1631,094,1341,053,1181,029,1091,006,716998,3451,002,0081,014,9621,018,6331,017,8771,014,8371,009,0371,015,9281,035,1521,017,723990,4941,011,919996,9081,040,620961,282913,240870,309853,646817,802806,697794,869749,159727,323678,126
       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
987,510
1,247,850
1,657,061
1,602,661
1,425,238
4,834,406
4,886,611
5,071,281
5,008,266
5,014,000
0
5,019,000
4,994,000
5,052,000
5,136,000
8,285,000
8,431,000
8,264,000
8,213,000
8,441,000
8,709,000
10,765,000
11,163,000
11,015,000
13,274,000
13,512,000
13,333,000
13,876,000
13,688,000
13,694,000
14,380,000
15,088,000
20,945,000
22,838,000
22,157,000
22,231,000
22,689,000
21,922,000
22,354,000
22,276,000
23,311,000
23,092,000
21,949,000
21,353,000
21,274,000
20,854,000
23,377,000
23,510,000
23,725,000
29,074,000
28,801,000
29,833,000
29,162,000
29,731,000
29,214,000
28,184,000
27,560,000
29,374,000
29,049,000
29,654,000
31,090,000
32,159,000
33,913,000
35,699,000
33,106,000
28,563,000
28,581,000
29,144,000
29,088,000
29,558,000
29,558,00029,088,00029,144,00028,581,00028,563,00033,106,00035,699,00033,913,00032,159,00031,090,00029,654,00029,049,00029,374,00027,560,00028,184,00029,214,00029,731,00029,162,00029,833,00028,801,00029,074,00023,725,00023,510,00023,377,00020,854,00021,274,00021,353,00021,949,00023,092,00023,311,00022,276,00022,354,00021,922,00022,689,00022,231,00022,157,00022,838,00020,945,00015,088,00014,380,00013,694,00013,688,00013,876,00013,333,00013,512,00013,274,00011,015,00011,163,00010,765,0008,709,0008,441,0008,213,0008,264,0008,431,0008,285,0005,136,0005,052,0004,994,0005,019,00005,014,0005,008,2665,071,2814,886,6114,834,4061,425,2381,602,6611,657,0611,247,850987,5100000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,447,000
1,497,000
1,233,000
859,000
1,158,000
1,400,000
1,461,000
1,280,000
1,768,000
1,990,000
2,443,000
2,336,000
2,499,000
2,595,000
3,201,000
3,512,000
4,163,000
4,945,000
5,789,000
6,275,000
6,597,000
6,920,000
6,921,000
5,626,000
5,498,000
5,513,000
5,631,000
5,107,000
5,687,000
5,687,0005,107,0005,631,0005,513,0005,498,0005,626,0006,921,0006,920,0006,597,0006,275,0005,789,0004,945,0004,163,0003,512,0003,201,0002,595,0002,499,0002,336,0002,443,0001,990,0001,768,0001,280,0001,461,0001,400,0001,158,000859,0001,233,0001,497,0001,447,000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
85,462
96,590
89,787
119,974
122,417
119,678
126,970
116,044
109,589
518,881
538,971
499,016
496,781
452,970
459,748
441,163
431,083
409,351
402,332
420,601
440,731
537,815
541,213
524,505
548,487
581,455
633,367
765,662
909,161
1,245,117
1,271,767
262,562
0
0
0
403,977
1,243,585
1,214,345
1,200,794
1,127,075
1,080,000
0
944,000
894,000
849,000
829,000
2,400,000
2,376,000
2,218,000
2,107,000
2,081,000
2,024,000
2,679,000
2,689,000
2,527,000
3,234,000
3,168,000
2,996,000
3,108,000
2,956,000
2,824,000
2,907,000
2,953,000
4,608,000
4,895,000
4,557,000
4,353,000
4,280,000
3,954,000
3,884,000
3,730,000
3,786,000
3,638,000
3,273,000
3,038,000
2,967,000
2,838,000
3,383,000
3,258,000
3,227,000
4,953,000
4,730,000
4,736,000
4,491,000
4,400,000
4,158,000
3,843,000
3,784,000
4,082,000
3,928,000
3,810,000
3,966,000
4,032,000
4,295,000
4,328,000
3,835,000
2,349,000
2,259,000
2,190,000
2,505,000
2,449,000
2,449,0002,505,0002,190,0002,259,0002,349,0003,835,0004,328,0004,295,0004,032,0003,966,0003,810,0003,928,0004,082,0003,784,0003,843,0004,158,0004,400,0004,491,0004,736,0004,730,0004,953,0003,227,0003,258,0003,383,0002,838,0002,967,0003,038,0003,273,0003,638,0003,786,0003,730,0003,884,0003,954,0004,280,0004,353,0004,557,0004,895,0004,608,0002,953,0002,907,0002,824,0002,956,0003,108,0002,996,0003,168,0003,234,0002,527,0002,689,0002,679,0002,024,0002,081,0002,107,0002,218,0002,376,0002,400,000829,000849,000894,000944,00001,080,0001,127,0751,200,7941,214,3451,243,585403,977000262,5621,271,7671,245,117909,161765,662633,367581,455548,487524,505541,213537,815440,731420,601402,332409,351431,083441,163459,748452,970496,781499,016538,971518,881109,589116,044126,970119,678122,417119,97489,78796,59085,462
       Long-term Assets Other 
482,120
558,290
672,466
397,455
455,141
1,031,963
1,173,338
718,652
679,222
649,483
1,349,073
863,163
859,328
852,590
300,760
251,720
315,761
298,974
286,522
235,718
258,108
329,576
288,701
170,625
209,058
232,912
628,380
621,271
645,983
640,167
538,965
653,756
593,608
804,521
981,779
670,781
702,208
511,537
768,139
686,733
149,000
0
715,000
410,000
34,000
34,000
31,000
231,000
229,000
239,000
239,000
230,000
240,000
243,000
814,000
330,000
642,000
381,000
364,000
625,000
334,000
685,000
456,000
872,000
520,000
924,000
557,000
1,098,000
716,000
881,000
898,000
1,102,000
1,121,000
1,115,000
1,110,000
1,182,000
1,371,000
1,515,000
1,584,000
1,815,000
1,877,000
1,927,000
2,049,000
2,264,000
2,243,000
2,181,000
2,151,000
2,327,000
2,424,000
2,517,000
2,622,000
3,038,000
3,163,000
3,429,000
3,615,000
4,038,000
3,785,000
3,834,000
3,873,000
5,446,000
4,037,000
4,037,0005,446,0003,873,0003,834,0003,785,0004,038,0003,615,0003,429,0003,163,0003,038,0002,622,0002,517,0002,424,0002,327,0002,151,0002,181,0002,243,0002,264,0002,049,0001,927,0001,877,0001,815,0001,584,0001,515,0001,371,0001,182,0001,110,0001,115,0001,121,0001,102,000898,000881,000716,0001,098,000557,000924,000520,000872,000456,000685,000334,000625,000364,000381,000642,000330,000814,000243,000240,000230,000239,000239,000229,000231,00031,00034,00034,000410,000715,0000149,000686,733768,139511,537702,208670,781981,779804,521593,608653,756538,965640,167645,983621,271628,380232,912209,058170,625288,701329,576258,108235,718286,522298,974315,761251,720300,760852,590859,328863,1631,349,073649,483679,222718,6521,173,3381,031,963455,141397,455672,466558,290482,120
> Total Liabilities 
1,856,022
1,870,948
1,662,928
2,260,483
2,814,547
2,668,617
2,393,156
3,043,195
3,034,240
3,119,167
2,963,790
3,024,442
3,049,523
3,042,952
2,542,789
2,683,908
3,028,562
2,656,869
2,376,245
2,553,253
3,150,864
2,921,910
2,725,366
2,967,054
3,450,606
3,084,023
2,924,958
3,270,404
3,682,845
3,347,180
3,150,264
3,357,170
3,861,072
3,701,976
3,278,903
3,868,307
7,881,316
7,199,649
7,045,888
6,962,151
7,809,000
0
6,542,000
4,883,000
6,222,000
6,701,000
9,875,000
11,017,000
11,521,000
10,899,000
9,900,000
10,518,000
12,586,000
11,705,000
11,023,000
12,696,000
14,341,000
13,116,000
12,618,000
11,046,000
12,733,000
12,072,000
11,864,000
18,909,000
21,629,000
20,141,000
19,116,000
18,095,000
19,964,000
18,824,000
17,837,000
17,972,000
20,957,000
18,375,000
17,060,000
16,957,000
19,786,000
19,623,000
18,639,000
22,614,000
31,368,000
30,066,000
29,572,000
29,389,000
32,177,000
31,638,000
29,909,000
28,552,000
31,659,000
28,973,000
28,206,000
29,646,000
33,756,000
32,788,000
32,188,000
29,308,000
30,537,000
27,490,000
24,771,000
26,933,000
29,579,000
29,579,00026,933,00024,771,00027,490,00030,537,00029,308,00032,188,00032,788,00033,756,00029,646,00028,206,00028,973,00031,659,00028,552,00029,909,00031,638,00032,177,00029,389,00029,572,00030,066,00031,368,00022,614,00018,639,00019,623,00019,786,00016,957,00017,060,00018,375,00020,957,00017,972,00017,837,00018,824,00019,964,00018,095,00019,116,00020,141,00021,629,00018,909,00011,864,00012,072,00012,733,00011,046,00012,618,00013,116,00014,341,00012,696,00011,023,00011,705,00012,586,00010,518,0009,900,00010,899,00011,521,00011,017,0009,875,0006,701,0006,222,0004,883,0006,542,00007,809,0006,962,1517,045,8887,199,6497,881,3163,868,3073,278,9033,701,9763,861,0723,357,1703,150,2643,347,1803,682,8453,270,4042,924,9583,084,0233,450,6062,967,0542,725,3662,921,9103,150,8642,553,2532,376,2452,656,8693,028,5622,683,9082,542,7893,042,9523,049,5233,024,4422,963,7903,119,1673,034,2403,043,1952,393,1562,668,6172,814,5472,260,4831,662,9281,870,9481,856,022
   > Total Current Liabilities 
568,511
655,846
719,230
1,785,245
1,326,708
1,337,458
1,142,729
808,698
984,016
1,120,123
1,644,355
1,806,123
2,257,886
2,014,207
1,779,244
725,741
2,364,091
1,958,974
2,375,387
1,102,288
3,150,052
1,442,918
1,205,466
728,300
911,830
1,498,237
1,648,250
1,361,248
1,436,342
1,033,815
2,472,618
2,773,048
3,299,652
2,941,782
2,549,401
3,204,385
4,194,884
3,978,552
3,788,920
5,832,921
6,900,000
0
4,804,000
3,416,000
4,752,000
4,183,000
4,050,000
5,149,000
6,212,000
5,588,000
4,527,000
6,266,000
8,142,000
7,465,000
7,403,000
6,689,000
8,309,000
7,797,000
7,431,000
6,347,000
7,990,000
7,385,000
7,048,000
8,544,000
10,954,000
9,769,000
8,595,000
7,867,000
9,708,000
8,574,000
8,949,000
9,734,000
12,649,000
10,318,000
9,507,000
10,210,000
11,430,000
11,437,000
10,094,000
10,481,000
14,650,000
14,213,000
13,884,000
14,464,000
17,467,000
15,300,000
13,810,000
12,868,000
16,786,000
15,362,000
14,511,000
16,136,000
21,027,000
20,894,000
20,233,000
17,452,000
18,849,000
16,176,000
13,391,000
14,642,000
19,078,000
19,078,00014,642,00013,391,00016,176,00018,849,00017,452,00020,233,00020,894,00021,027,00016,136,00014,511,00015,362,00016,786,00012,868,00013,810,00015,300,00017,467,00014,464,00013,884,00014,213,00014,650,00010,481,00010,094,00011,437,00011,430,00010,210,0009,507,00010,318,00012,649,0009,734,0008,949,0008,574,0009,708,0007,867,0008,595,0009,769,00010,954,0008,544,0007,048,0007,385,0007,990,0006,347,0007,431,0007,797,0008,309,0006,689,0007,403,0007,465,0008,142,0006,266,0004,527,0005,588,0006,212,0005,149,0004,050,0004,183,0004,752,0003,416,0004,804,00006,900,0005,832,9213,788,9203,978,5524,194,8843,204,3852,549,4012,941,7823,299,6522,773,0482,472,6181,033,8151,436,3421,361,2481,648,2501,498,237911,830728,3001,205,4661,442,9183,150,0521,102,2882,375,3871,958,9742,364,091725,7411,779,2442,014,2072,257,8861,806,1231,644,3551,120,123984,016808,6981,142,7291,337,4581,326,7081,785,245719,230655,846568,511
       Short-term Debt 
0
0
0
24,672
0
0
0
146,815
0
0
0
97,780
0
0
0
22,678
0
0
0
19,010
0
0
0
27,765
0
0
0
24,282
0
2,537,189
2,792,530
24,556
1,167,005
879,875
962,157
25,377
129,804
305,016
32,626
2,573,812
681,000
0
620,000
4,000
265,000
219,000
525,000
1,000
141,000
1,395,000
1,000
1,331,000
1,675,000
1,450,000
1,000,000
802,000
600,000
1,365,000
1,748,000
586,000
762,000
500,000
744,000
2,154,000
1,883,000
1,367,000
1,366,000
567,000
828,000
16,000
1,269,000
1,813,000
1,775,000
542,000
1,289,000
1,561,000
1,594,000
1,166,000
1,123,000
768,000
1,618,000
2,183,000
2,791,000
3,273,000
5,142,000
4,066,000
3,867,000
2,348,000
4,594,000
4,262,000
4,205,000
4,167,000
7,143,000
4,874,000
8,579,000
4,824,000
3,689,000
3,068,000
1,640,000
1,437,000
1,659,000
1,659,0001,437,0001,640,0003,068,0003,689,0004,824,0008,579,0004,874,0007,143,0004,167,0004,205,0004,262,0004,594,0002,348,0003,867,0004,066,0005,142,0003,273,0002,791,0002,183,0001,618,000768,0001,123,0001,166,0001,594,0001,561,0001,289,000542,0001,775,0001,813,0001,269,00016,000828,000567,0001,366,0001,367,0001,883,0002,154,000744,000500,000762,000586,0001,748,0001,365,000600,000802,0001,000,0001,450,0001,675,0001,331,0001,0001,395,000141,0001,000525,000219,000265,0004,000620,0000681,0002,573,81232,626305,016129,80425,377962,157879,8751,167,00524,5562,792,5302,537,189024,28200027,76500019,01000022,67800097,780000146,81500024,672000
       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
8,229,000
6,767,000
5,811,000
1,298,000
1,594,000
1,166,000
1,123,000
768,000
0
1,456,000
2,791,000
2,531,000
0
0
0
1,482,000
0
3,434,000
4,205,000
3,760,000
7,143,000
4,874,000
0
3,984,000
0
0
0
1,143,000
0
01,143,0000003,984,00004,874,0007,143,0003,760,0004,205,0003,434,00001,482,0000002,531,0002,791,0001,456,0000768,0001,123,0001,166,0001,594,0001,298,0005,811,0006,767,0008,229,000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
301,681
0
0
0
355,397
0
0
0
0
0
0
0
329,123
0
0
0
286,361
0
0
0
340,209
0
0
0
383,146
0
0
0
609,987
541,209
580,673
543,097
716,048
600,897
654,514
571,672
538,037
520,000
0
521,000
638,000
708,000
698,000
766,000
922,000
794,000
783,000
809,000
937,000
856,000
899,000
835,000
911,000
809,000
883,000
793,000
640,000
818,000
846,000
961,000
756,000
956,000
989,000
968,000
893,000
954,000
1,047,000
1,114,000
1,290,000
1,183,000
1,142,000
1,089,000
1,151,000
1,066,000
1,175,000
1,246,000
1,486,000
1,646,000
1,472,000
1,510,000
1,576,000
1,458,000
1,311,000
1,279,000
1,213,000
1,203,000
1,076,000
1,142,000
1,580,000
1,693,000
1,939,000
1,926,000
2,106,000
1,607,000
1,584,000
1,618,000
1,783,000
1,926,000
1,926,0001,783,0001,618,0001,584,0001,607,0002,106,0001,926,0001,939,0001,693,0001,580,0001,142,0001,076,0001,203,0001,213,0001,279,0001,311,0001,458,0001,576,0001,510,0001,472,0001,646,0001,486,0001,246,0001,175,0001,066,0001,151,0001,089,0001,142,0001,183,0001,290,0001,114,0001,047,000954,000893,000968,000989,000956,000756,000961,000846,000818,000640,000793,000883,000809,000911,000835,000899,000856,000937,000809,000783,000794,000922,000766,000698,000708,000638,000521,0000520,000538,037571,672654,514600,897716,048543,097580,673541,209609,987000383,146000340,209000286,361000329,1230000000355,397000301,681000
       Other Current Liabilities 
568,511
655,846
719,230
1,458,893
1,326,708
1,337,458
1,142,729
306,485
984,016
1,120,123
1,050,499
1,428,490
1,055,516
1,174,702
1,171,648
373,940
1,252,977
1,127,236
1,828,078
342,213
3,150,052
1,442,918
1,205,466
360,326
911,830
1,498,237
1,648,250
430,714
1,436,342
0
1,782,366
1,733,384
1,298,003
1,233,007
1,289,417
1,984,908
1,776,098
1,926,684
2,144,832
2,110,483
3,617,000
0
2,613,000
2,176,000
1,531,000
1,347,000
1,425,000
3,315,000
2,504,000
1,249,000
2,181,000
2,952,000
2,222,000
2,254,000
3,536,000
3,593,000
2,941,000
2,424,000
2,655,000
3,633,000
2,292,000
2,735,000
2,840,000
3,841,000
2,581,000
3,217,000
3,300,000
4,296,000
2,661,000
3,041,000
3,193,000
4,198,000
3,476,000
3,736,000
3,598,000
4,727,000
3,729,000
4,229,000
4,122,000
5,199,000
5,322,000
5,000,000
5,183,000
5,326,000
4,141,000
4,132,000
4,427,000
5,157,000
4,189,000
3,849,000
4,318,000
5,958,000
8,353,000
10,623,000
4,241,000
5,165,000
6,006,000
4,781,000
4,877,000
6,447,000
7,499,000
7,499,0006,447,0004,877,0004,781,0006,006,0005,165,0004,241,00010,623,0008,353,0005,958,0004,318,0003,849,0004,189,0005,157,0004,427,0004,132,0004,141,0005,326,0005,183,0005,000,0005,322,0005,199,0004,122,0004,229,0003,729,0004,727,0003,598,0003,736,0003,476,0004,198,0003,193,0003,041,0002,661,0004,296,0003,300,0003,217,0002,581,0003,841,0002,840,0002,735,0002,292,0003,633,0002,655,0002,424,0002,941,0003,593,0003,536,0002,254,0002,222,0002,952,0002,181,0001,249,0002,504,0003,315,0001,425,0001,347,0001,531,0002,176,0002,613,00003,617,0002,110,4832,144,8321,926,6841,776,0981,984,9081,289,4171,233,0071,298,0031,733,3841,782,36601,436,342430,7141,648,2501,498,237911,830360,3261,205,4661,442,9183,150,052342,2131,828,0781,127,2361,252,977373,9401,171,6481,174,7021,055,5161,428,4901,050,4991,120,123984,016306,4851,142,7291,337,4581,326,7081,458,893719,230655,846568,511
   > Long-term Liabilities 
1,287,511
1,215,102
943,698
475,237
1,487,839
1,331,159
1,250,427
2,234,497
2,050,224
1,999,043
1,319,435
1,218,318
791,637
1,028,745
763,546
1,958,167
664,472
697,895
858
1,450,965
812
1,478,991
1,519,900
2,238,755
2,538,776
1,585,786
1,276,708
1,909,156
2,246,502
2,313,366
677,646
584,121
561,420
760,194
729,502
663,922
3,686,432
3,221,096
3,256,968
1,129,230
909,000
0
1,738,000
1,467,000
1,470,000
2,518,000
5,825,000
5,868,000
5,309,000
5,311,000
5,373,000
4,252,000
4,444,000
4,240,000
3,620,000
6,007,000
6,032,000
5,319,000
5,187,000
4,699,000
4,743,000
4,687,000
4,816,000
10,365,000
10,675,000
10,372,000
10,521,000
10,228,000
10,256,000
10,250,000
8,888,000
8,238,000
8,308,000
8,057,000
7,553,000
6,747,000
8,356,000
8,186,000
8,545,000
12,133,000
16,718,000
15,853,000
15,688,000
14,925,000
14,710,000
16,338,000
16,099,000
15,684,000
14,873,000
13,611,000
13,695,000
13,510,000
12,729,000
11,894,000
11,955,000
11,856,000
11,688,000
11,314,000
11,380,000
12,291,000
10,501,000
10,501,00012,291,00011,380,00011,314,00011,688,00011,856,00011,955,00011,894,00012,729,00013,510,00013,695,00013,611,00014,873,00015,684,00016,099,00016,338,00014,710,00014,925,00015,688,00015,853,00016,718,00012,133,0008,545,0008,186,0008,356,0006,747,0007,553,0008,057,0008,308,0008,238,0008,888,00010,250,00010,256,00010,228,00010,521,00010,372,00010,675,00010,365,0004,816,0004,687,0004,743,0004,699,0005,187,0005,319,0006,032,0006,007,0003,620,0004,240,0004,444,0004,252,0005,373,0005,311,0005,309,0005,868,0005,825,0002,518,0001,470,0001,467,0001,738,0000909,0001,129,2303,256,9683,221,0963,686,432663,922729,502760,194561,420584,121677,6462,313,3662,246,5021,909,1561,276,7081,585,7862,538,7762,238,7551,519,9001,478,9918121,450,965858697,895664,4721,958,167763,5461,028,745791,6371,218,3181,319,4351,999,0432,050,2242,234,4971,250,4271,331,1591,487,839475,237943,6981,215,1021,287,511
       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
14,067,000
13,649,000
12,900,000
12,507,000
14,492,000
14,144,000
13,606,000
12,369,000
11,357,000
11,342,000
11,042,000
10,070,000
8,958,000
9,565,000
9,547,000
9,239,000
8,399,000
9,228,000
0
0
009,228,0008,399,0009,239,0009,547,0009,565,0008,958,00010,070,00011,042,00011,342,00011,357,00012,369,00013,606,00014,144,00014,492,00012,507,00012,900,00013,649,00014,067,000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,854,000
1,832,000
1,742,000
1,744,000
1,877,000
1,677,000
1,743,000
1,598,000
1,983,000
1,786,000
2,039,000
2,031,000
2,203,000
1,846,000
1,955,000
2,102,000
2,504,000
2,254,000
2,353,000
2,530,000
2,659,000
2,936,000
2,390,000
3,106,000
0
2,145,000
11,380,000
0
0
0011,380,0002,145,00003,106,0002,390,0002,936,0002,659,0002,530,0002,353,0002,254,0002,504,0002,102,0001,955,0001,846,0002,203,0002,031,0002,039,0001,786,0001,983,0001,598,0001,743,0001,677,0001,877,0001,744,0001,742,0001,832,0001,854,000000000000000000000000000000000000000000000000000000000000000000000000000
       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
498,000
0
0
0
1,072,000
0
0
0
1,435,000
0
0
0
1,687,000
0
0
0
2,333,000
0
0
0
3,019,000
0
0
0
0
0
000003,019,0000002,333,0000001,687,0000001,435,0000001,072,000000498,000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
1,950,774
1,965,607
2,037,040
2,561,266
2,525,768
2,392,517
2,684,507
2,483,308
2,791,090
2,644,997
2,960,497
3,110,983
3,236,533
2,394,701
2,474,941
2,874,688
2,951,681
3,007,990
3,245,247
3,702,970
3,947,914
3,950,809
4,123,031
4,590,859
4,799,066
4,815,998
5,122,624
5,777,849
5,827,046
5,194,899
5,554,330
6,135,386
6,070,822
5,853,275
6,075,676
6,513,707
6,481,966
6,154,333
6,547,271
7,230,810
7,406,000
0
7,812,000
8,477,000
8,957,000
8,956,000
9,194,000
9,807,000
10,079,000
9,987,000
11,331,000
12,699,000
13,038,000
12,774,000
13,300,000
14,166,000
14,944,000
14,369,000
14,907,000
16,040,000
16,609,000
16,147,000
17,721,000
19,504,000
22,209,000
20,772,000
21,513,000
23,267,000
22,892,000
22,938,000
23,742,000
26,361,000
26,736,000
24,518,000
24,369,000
25,509,000
25,657,000
25,814,000
26,964,000
28,832,000
29,177,000
27,581,000
30,159,000
30,764,000
30,697,000
28,982,000
29,189,000
29,713,000
33,558,000
32,630,000
35,203,000
38,853,000
39,850,000
39,844,000
42,950,000
40,135,000
40,250,000
41,946,000
42,959,000
43,157,000
43,079,000
43,079,00043,157,00042,959,00041,946,00040,250,00040,135,00042,950,00039,844,00039,850,00038,853,00035,203,00032,630,00033,558,00029,713,00029,189,00028,982,00030,697,00030,764,00030,159,00027,581,00029,177,00028,832,00026,964,00025,814,00025,657,00025,509,00024,369,00024,518,00026,736,00026,361,00023,742,00022,938,00022,892,00023,267,00021,513,00020,772,00022,209,00019,504,00017,721,00016,147,00016,609,00016,040,00014,907,00014,369,00014,944,00014,166,00013,300,00012,774,00013,038,00012,699,00011,331,0009,987,00010,079,0009,807,0009,194,0008,956,0008,957,0008,477,0007,812,00007,406,0007,230,8106,547,2716,154,3336,481,9666,513,7076,075,6765,853,2756,070,8226,135,3865,554,3305,194,8995,827,0465,777,8495,122,6244,815,9984,799,0664,590,8594,123,0313,950,8093,947,9143,702,9703,245,2473,007,9902,951,6812,874,6882,474,9412,394,7013,236,5333,110,9832,960,4972,644,9972,791,0902,483,3082,684,5072,392,5172,525,7682,561,2662,037,0401,965,6071,950,774
   Common Stock
0
0
0
268,005
0
0
0
314,582
0
0
0
314,695
0
0
0
315,248
0
0
0
314,863
0
0
316,043
315,771
0
315,505
0
316,218
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,000
1,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,0001,229,000000000000000000000000000000316,2180315,5050315,771316,04300314,863000315,248000314,695000314,582000268,005000
   Retained Earnings 
279,611
427,894
466,705
1,699,497
1,845,673
2,564,686
2,198,167
1,994,339
2,255,703
2,526,160
0
2,547,904
0
0
2,331,143
2,873,703
2,946,190
2,839,382
3,058,235
3,754,521
0
0
4,282,259
4,826,588
0
5,022,480
0
5,981,642
0
0
0
6,594,304
0
0
6,407,841
7,170,085
7,396,926
6,966,438
6,874,245
7,707,788
7,638,000
0
8,176,000
8,571,000
8,958,000
8,851,000
9,356,000
9,767,000
10,159,000
10,033,000
11,277,000
12,466,000
12,912,000
12,260,000
12,880,000
13,976,000
14,500,000
14,212,000
14,973,000
16,258,000
16,794,000
16,156,000
17,025,000
18,317,000
18,722,000
17,883,000
18,778,000
20,044,000
20,621,000
20,054,000
20,785,000
22,287,000
22,826,000
22,004,000
22,992,000
24,794,000
25,744,000
24,739,000
25,769,000
27,407,000
27,211,000
25,972,000
27,215,000
28,798,000
29,593,000
28,529,000
30,103,000
32,022,000
33,930,000
33,111,000
34,492,000
37,022,000
37,661,000
35,109,000
35,764,000
36,368,000
36,866,000
40,225,000
41,102,000
42,457,000
41,630,000
41,630,00042,457,00041,102,00040,225,00036,866,00036,368,00035,764,00035,109,00037,661,00037,022,00034,492,00033,111,00033,930,00032,022,00030,103,00028,529,00029,593,00028,798,00027,215,00025,972,00027,211,00027,407,00025,769,00024,739,00025,744,00024,794,00022,992,00022,004,00022,826,00022,287,00020,785,00020,054,00020,621,00020,044,00018,778,00017,883,00018,722,00018,317,00017,025,00016,156,00016,794,00016,258,00014,973,00014,212,00014,500,00013,976,00012,880,00012,260,00012,912,00012,466,00011,277,00010,033,00010,159,0009,767,0009,356,0008,851,0008,958,0008,571,0008,176,00007,638,0007,707,7886,874,2456,966,4387,396,9267,170,0856,407,841006,594,3040005,981,64205,022,48004,826,5884,282,259003,754,5213,058,2352,839,3822,946,1902,873,7032,331,143002,547,90402,526,1602,255,7031,994,3392,198,1672,564,6861,845,6731,699,497466,705427,894279,611
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
545,000
546,000
545,000
547,000
548,000
547,000
545,000
970,000
1,287,000
1,605,000
1,918,000
2,088,000
2,547,000
2,834,000
3,080,000
3,383,000
1,552,000
1,675,000
0
0
001,675,0001,552,0003,383,0003,080,0002,834,0002,547,0002,088,0001,918,0001,605,0001,287,000970,000545,000547,000548,000547,000545,000546,000545,000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000-3,072,000-3,072,000-3,072,000-3,072,000-3,072,000-3,072,000-3,072,000-3,072,000-1,580,000-1,580,000-1,580,000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
1,671,163
1,937,595
1,957,541
249,550
1,183,365
332,790
486,340
8,895
535,387
750,671
2,960,497
69,682
3,236,533
3,082,209
835,445
-188,468
0
0
0
-164,787
0
0
-249,296
-246,324
0
-367,539
0
-402,245
0
0
0
-121,621
0
0
96,706
-140,603
-323,560
-455,618
206,398
183,177
191,000
0
216,000
-94,000
-1,000
105,000
-162,000
40,000
-80,000
-46,000
54,000
233,000
126,000
514,000
420,000
-1,039,000
-826,000
-809,000
-752,000
-729,000
-710,000
-656,000
-631,000
-605,000
-581,000
-600,000
-581,000
-566,000
-551,000
-534,000
-536,000
-500,000
-506,000
-526,000
-811,000
-1,021,000
-1,018,000
-1,037,000
-1,037,000
-1,037,000
-1,036,000
-1,035,000
-1,034,000
-1,032,000
-2,525,000
-2,524,000
-2,525,000
-2,526,000
-2,102,000
-1,710,000
-518,000
602,000
2,525,000
5,031,000
-1,586,000
-1,261,000
-864,000
-2,607,000
-3,147,000
-2,896,000
-2,963,000
-2,963,000-2,896,000-3,147,000-2,607,000-864,000-1,261,000-1,586,0005,031,0002,525,000602,000-518,000-1,710,000-2,102,000-2,526,000-2,525,000-2,524,000-2,525,000-1,032,000-1,034,000-1,035,000-1,036,000-1,037,000-1,037,000-1,037,000-1,018,000-1,021,000-811,000-526,000-506,000-500,000-536,000-534,000-551,000-566,000-581,000-600,000-581,000-605,000-631,000-656,000-710,000-729,000-752,000-809,000-826,000-1,039,000420,000514,000126,000233,00054,000-46,000-80,00040,000-162,000105,000-1,000-94,000216,0000191,000183,177206,398-455,618-323,560-140,60396,70600-121,621000-402,2450-367,5390-246,324-249,29600-164,787000-188,468835,4453,082,2093,236,53369,6822,960,497750,671535,3878,895486,340332,7901,183,365249,5501,957,5411,937,5951,671,163



Balance Sheet

Currency in EUR. All numbers in thousands.