SM Energy Co
Buy, Hold or Sell?

Let's analyse SM Energy Co together

Penke I guess you are interested in SM Energy Co. 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 SM Energy Co. 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.

Get notifications about SM Energy Co

I send you an email if I find something interesting about SM Energy Co.

Quick analysis of SM Energy Co (30 sec.)

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

How much money do you get?

$0.60

When do you have the money?

1 year

How often do you get paid?

92.5%

What is your share worth?

Current worth

$31.01

Expected worth in 1 year

$37.02

How sure are you?

57.5%

+ What do you gain per year?

Total Gains per Share

$6.61

Return On Investment

13.4%

For what price can you sell your share?

Current Price per Share

$49.29

Expected price per share

$39.77 - $53.56

How sure are you?

50%

1. Valuation of SM Energy Co (5 min.)

Live pricePrice per Share (EOD)

$49.29

Book Value per Share

$31.01

Intrinsic Value Per Share

$20.74 - $101.22

Total Value Per Share

$51.75 - $132.23

My calculation of the intrinsic value of SM Energy Co 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: ($-0.70) 3Y: ($1.20) TTM: ($1.01)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.07) 3Y: ($0.09) TTM: ($0.54)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-1.97	$5.58	$-1.59 - $6.22
2	$-2.75	$12.36	$-0.40 - $7.64
3	$-2.46	$20.25	$0.80 - $9.06
4	$-1.21	$29.19	$1.99 - $10.49
5	$0.87	$39.10	$3.18 - $11.91
6	$3.70	$49.94	$4.38 - $13.33
7	$7.18	$61.62	$5.57 - $14.75
8	$11.23	$74.10	$6.77 - $16.17
9	$15.77	$87.32	$7.96 - $17.59
10	$20.74	$101.22	$9.15 - $19.01

2. Growth of SM Energy Co (5 min.)

Is SM Energy Co growing?

	Current year	Previous year	Grow	Grow %
How rich?	$3.6b	$2.6b	$758.8m	22.4%

How much money is SM Energy Co making?

	Current year	Previous year	Grow	Grow %
Making money	$204.4m	$277.9m	-$73.5m	-36.0%
Net Profit Margin	34.4%	33.8%	-	-

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

Quarterly Yearly

3. Financial Health of SM Energy Co (5 min.)

4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)

Industry Rankings (Oil & Gas E&P)

Richest
#39 / 361

Most Revenue
#56 / 361

Most Profit
#45 / 361

Most Efficient
#64 / 361

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

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

What can you expect buying and holding a share of SM Energy Co?

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

Speculation

The Price per Share of SM Energy Co is $49.29. 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 SM Energy Co.
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 SM Energy Co, 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 $31.01. Based on the TTM, the Book Value Change Per Share is $1.50 per quarter. Based on the YOY, the Book Value Change Per Share is $2.09 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 $0.15 per quarter.

Based on historical numbers we can estimate the returns while holding a share of SM Energy Co.

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	2.12	4.3%	1.72	3.5%	2.24	4.5%	0.38	0.8%	0.15	0.3%
Usd Book Value Change Per Share	2.24	4.6%	1.50	3.0%	2.09	4.2%	0.29	0.6%	0.43	0.9%
Usd Dividend Per Share	0.15	0.3%	0.15	0.3%	0.04	0.1%	0.05	0.1%	0.04	0.1%
Usd Total Gains Per Share	2.39	4.9%	1.65	3.4%	2.14	4.3%	0.34	0.7%	0.47	1.0%
Usd Price Per Share	38.72	-	34.54	-	36.40	-	22.21	-	28.89	-
Price to Earnings Ratio	4.57	-	5.13	-	8.67	-	3.33	-	9.35	-
Price-to-Total Gains Ratio	16.17	-	21.94	-	34.10	-	23.08	-	57.31	-
Price to Book Ratio	1.25	-	1.21	-	1.76	-	1.07	-	1.55	-
Price-to-Total Gains Ratio	16.17	-	21.94	-	34.10	-	23.08	-	57.31	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	49.29
Number of shares	20

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.05
Usd Book Value Change Per Share	1.50	0.29
Usd Total Gains Per Share	1.65	0.34
Gains per Quarter (20 shares)	33.05	6.84
Gains per Year (20 shares)	132.21	27.34

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	12	120	122	4	23	17
2	24	240	254	8	46	44
3	36	361	386	13	69	71
4	48	481	518	17	93	98
5	60	601	650	21	116	125
6	72	721	782	25	139	152
7	84	841	914	29	162	179
8	96	962	1046	34	185	206
9	108	1082	1178	38	208	233
10	120	1202	1310	42	231	260

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%	10.0	2.0	0.0	83.3%	12.0	8.0	0.0	60.0%	21.0	19.0	0.0	52.5%	93.0	31.0	0.0	75.0%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	12.0	8.0	0.0	60.0%	22.0	18.0	0.0	55.0%	82.0	40.0	2.0	66.1%
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%	37.0	0.0	3.0	92.5%	110.0	0.0	14.0	88.7%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	12.0	8.0	0.0	60.0%	23.0	17.0	0.0	57.5%	89.0	35.0	0.0	71.8%

Fundamentals of SM Energy Co

About SM Energy Co

https://sm-energy.com
Oil & Gas E&P
544
1700 Lincoin Street, Denver, CO, United States, 80203
Google Maps Bing Maps

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Fundamental data was last updated by Penke on 2024-04-05 01:29:03.

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 less efficient 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 just able to pay all its short-term debts.
The company is just 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 underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of SM Energy Co.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit SM Energy Co earns for each $1 of revenue.

Above 10% is considered healthy but always compare SM Energy Co to the Oil & Gas E&P industry mean.
A Net Profit Margin of 40.7% means that $0.41 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SM Energy Co:

The MRQ is 40.7%. The company is making a huge profit. +2
The TTM is 34.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	40.7%	TTM	34.4%	+6.3%
TTM	34.4%	YOY	33.8%	+0.6%
TTM	34.4%	5Y	-3.4%	+37.9%
5Y	-3.4%	10Y	-7.8%	+4.4%

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	40.7%	14.8%	+25.9%
TTM	34.4%	13.1%	+21.3%
YOY	33.8%	18.8%	+15.0%
5Y	-3.4%	-15.4%	+12.0%
10Y	-7.8%	-34.9%	+27.1%

Measures how much net profit SM Energy Co earns for each $1 of revenue.

Revenue is the amount of profit SM Energy Co 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 SM Energy Co 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 SM Energy Co to the Oil & Gas E&P industry mean.
Can be used to compare companies within the Oil & Gas E&P industry.

You typically want a high profit margin. This means that for each $1 in sales, SM Energy Co makes more profit. This shows the investor how efficiently SM Energy Co is operating in general and compared to other companies in the same industry. SM Energy Co operates in the Oil & Gas E&P industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of SM Energy Co. If profit margins remain low (compared to the Oil & Gas E&P 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 SM Energy Co is 0.41. This means that SM Energy Co earned $0.41 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 Oil & Gas E&P industry is 14.8%.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co with other companies in the same industry (Oil & Gas E&P).
Net profit margin should rise over the years.
Can be influenced when SM Energy Co sells assets (profit will increase while costs remain the same).
It won’t show what part of SM Energy Co 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 SM Energy Co

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 SM Energy Co = 247,111
Total revenue MRQ SM Energy Co = 606,857
$247,111 / $606,857 = 0.41 or 40.7%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient SM Energy Co is using its assets to generate profit.

Above 5% is considered healthy but always compare SM Energy Co to the Oil & Gas E&P industry mean.
3.9% Return on Assets means that SM Energy Co generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SM Energy Co:

The MRQ is 3.9%. Using its assets, the company is less efficient in making profit.
The TTM is 3.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.9%	TTM	3.4%	+0.5%
TTM	3.4%	YOY	5.0%	-1.6%
TTM	3.4%	5Y	0.8%	+2.5%
5Y	0.8%	10Y	0.3%	+0.5%

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	3.9%	0.9%	+3.0%
TTM	3.4%	1.0%	+2.4%
YOY	5.0%	2.1%	+2.9%
5Y	0.8%	-1.5%	+2.3%
10Y	0.3%	-3.2%	+3.5%

Shows how efficient SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 SM Energy Co is using its resources to generate profit. If the return on assets (3.9%) from SM Energy Co are higher than the Oil & Gas E&P mean (0.9%) that means SM Energy Co 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 SM Energy Co is 3.9%. 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 Oil & Gas E&P industry is 0.9%.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

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

Income statement
Balance sheet

Net income MRQ (income statement) from SM Energy Co = 247,111
Total assets MRQ (balance sheet) from SM Energy Co = 6,379,985
247,111 / 6,379,985 = 0.04 or 3.9%

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

Above 15%-20% is considered healthy but always compare SM Energy Co to the Oil & Gas E&P industry mean.
6.8% Return on Equity means SM Energy Co generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SM Energy Co:

The MRQ is 6.8%. Using its investors money, the company is less efficient in making profit.
The TTM is 6.0%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	6.8%	TTM	6.0%	+0.8%
TTM	6.0%	YOY	10.2%	-4.2%
TTM	6.0%	5Y	1.0%	+5.0%
5Y	1.0%	10Y	-0.1%	+1.2%

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	6.8%	2.4%	+4.4%
TTM	6.0%	2.2%	+3.8%
YOY	10.2%	4.4%	+5.8%
5Y	1.0%	-3.5%	+4.5%
10Y	-0.1%	-6.3%	+6.2%

Shows how efficient SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 Oil & Gas E&P 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 SM Energy Co is 6.8%. This means SM Energy Co generated $0.07 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Oil & Gas E&P industry is 2.4%.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co up to 10 years back (depending if SM Energy Co 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 SM Energy Co

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) SM Energy Co = 247,111
Shareholders equity (balance sheet) MRQ SM Energy Co = 3,615,850
247,111 / 3,615,850 = 0.07 or 6.8%

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 SM Energy Co.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient SM Energy Co is operating .

Measures how much profit SM Energy Co 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 SM Energy Co to the Oil & Gas E&P industry mean.
An Operating Margin of 38.8% means the company generated $0.39 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of SM Energy Co:

The MRQ is 38.8%. The company is operating very efficient. +2
The TTM is 41.6%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	38.8%	TTM	41.6%	-2.8%
TTM	41.6%	YOY	55.6%	-14.0%
TTM	41.6%	5Y	23.1%	+18.5%
5Y	23.1%	10Y	8.3%	+14.9%

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	38.8%	22.0%	+16.8%
TTM	41.6%	16.2%	+25.4%
YOY	55.6%	29.8%	+25.8%
5Y	23.1%	-1.7%	+24.8%
10Y	8.3%	-15.3%	+23.6%

Measures how efficient SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 SM Energy Co 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 SM Energy Co is 38.8%. This means that SM Energy Co earned $0.39 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Oil & Gas E&P industry is 22.0%.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ SM Energy Co = 309,911
Total revenue MRQ SM Energy Co = 606,857
$309,911 / $606,857 = 0.39 or 38.8%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient SM Energy Co is keeping operating costs low.

Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
An Operation Ratio of 0.62 means that the operating costs are $0.62 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of SM Energy Co:

The MRQ is 0.622. The company is efficient in keeping operating costs low. +1
The TTM is 0.613. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.622	TTM	0.613	+0.009
TTM	0.613	YOY	0.420	+0.192
TTM	0.613	5Y	0.769	-0.156
5Y	0.769	10Y	0.909	-0.141

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	0.622	1.005	-0.383
TTM	0.613	0.977	-0.364
YOY	0.420	0.819	-0.399
5Y	0.769	1.055	-0.286
10Y	0.909	1.169	-0.260

Measures how efficient SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 SM Energy Co is 62.2%. This means that SM Energy Co earned $0.62 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 Oil & Gas E&P industry is 1.01.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

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
(326,450 +51,002) \ 606,857 = 0.62

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 SM Energy Co.

1.3. Liquidity

1.3.1. Current Ratio

Measures if SM Energy Co is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
A Current Ratio of 1.45 means the company has $1.45 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of SM Energy Co:

The MRQ is 1.446. The company is just able to pay all its short-term debts.
The TTM is 1.291. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.446	TTM	1.291	+0.155
TTM	1.291	YOY	0.891	+0.400
TTM	1.291	5Y	0.814	+0.477
5Y	0.814	10Y	1.052	-0.237

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	1.446	1.225	+0.221
TTM	1.291	1.163	+0.128
YOY	0.891	1.294	-0.403
5Y	0.814	1.328	-0.514
10Y	1.052	1.704	-0.652

Measures if SM Energy Co 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 Oil & Gas E&P 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 SM Energy Co 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 SM Energy Co is 1.45. This means SM Energy Co has $1.45 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Oil & Gas E&P industry is 1.23.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
916,439 \ 633,812) = 1.45

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

Above 1 is considered healthy but always compare SM Energy Co to the Oil & Gas E&P industry mean.
A Quick Ratio of 1.34 means the company can pay off $1.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SM Energy Co:

The MRQ is 1.337. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.172. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.337	TTM	1.172	+0.165
TTM	1.172	YOY	0.839	+0.333
TTM	1.172	5Y	0.608	+0.564
5Y	0.608	10Y	0.758	-0.150

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	1.337	0.625	+0.712
TTM	1.172	0.662	+0.510
YOY	0.839	0.798	+0.041
5Y	0.608	0.826	-0.218
10Y	0.758	1.019	-0.261

Measures if SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 SM Energy Co can pay off its short term debts. This shows if SM Energy Co 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 SM Energy Co is 1.34. This means that SM Energy Co can pay off $1.34 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas E&P industry is 0.63.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

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 SM Energy Co: (616,164 + 0 +231,165) / 633,812 = 1.34

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 SM Energy Co.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of SM Energy Co assets are financed with debt.

Below 1 (100%) is considered healthy but always compare SM Energy Co to Oil & Gas E&P industry mean.
A Debt to Asset Ratio of 0.43 means that SM Energy Co assets are financed with 43.3% credit (debt) and the remaining percentage (100% - 43.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of SM Energy Co:

The MRQ is 0.433. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.443. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.433	TTM	0.443	-0.010
TTM	0.443	YOY	0.526	-0.083
TTM	0.443	5Y	0.553	-0.110
5Y	0.553	10Y	0.594	-0.040

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	0.433	0.416	+0.017
TTM	0.443	0.419	+0.024
YOY	0.526	0.425	+0.101
5Y	0.553	0.465	+0.088
10Y	0.594	0.447	+0.147

Measures how much % of SM Energy Co assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake SM Energy Co than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare SM Energy Co to Oil & Gas E&P 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 SM Energy Co is 0.43. This means means that SM Energy Co is financed with 43.3% 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 Oil & Gas E&P industry is 122.5%.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example SM Energy Co

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,764,135 \ 6,379,985 = 43.3% or 0.43.

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 SM Energy Co is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare SM Energy Co to the Oil & Gas E&P industry mean.
A Debt to Equity ratio of 76.4% means that company has $0.76 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SM Energy Co:

The MRQ is 0.764. The company is very able to pay all its debts with equity. +2
The TTM is 0.796. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.764	TTM	0.796	-0.032
TTM	0.796	YOY	1.140	-0.343
TTM	0.796	5Y	1.306	-0.510
5Y	1.306	10Y	1.541	-0.236

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
MRQ	0.764	0.586	+0.178
TTM	0.796	0.596	+0.200
YOY	1.140	0.683	+0.457
5Y	1.306	0.796	+0.510
10Y	1.541	0.765	+0.776

Measures if SM Energy Co 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 SM Energy Co 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 SM Energy Co is 0.76. This means that SM Energy Co can pay off $0.76 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas E&P industry is 0.59.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,764,135 \ 3,615,850 = 0.76 or 76.4%

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 SM Energy Co

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 SM Energy Co generates.

Above 15 is considered overpriced but always compare SM Energy Co to the Oil & Gas E&P industry mean.
A PE ratio of 4.57 means the investor is paying $4.57 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SM Energy Co:

The EOD is 5.814. Based on the earnings, the company is cheap. +2
The MRQ is 4.567. Based on the earnings, the company is cheap. +2
The TTM is 5.128. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	5.814	MRQ	4.567	+1.247
MRQ	4.567	TTM	5.128	-0.561
TTM	5.128	YOY	8.667	-3.539
TTM	5.128	5Y	3.334	+1.795
5Y	3.334	10Y	9.352	-6.018

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
EOD	5.814	1.945	+3.869
MRQ	4.567	1.655	+2.912
TTM	5.128	1.998	+3.130
YOY	8.667	1.321	+7.346
5Y	3.334	-1.201	+4.535
10Y	9.352	-1.137	+10.489

Measures how much money you pay for each share for every $1 in earnings SM Energy Co 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 SM Energy Co to the Oil & Gas E&P 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 SM Energy Co is 4.57. This means the investor is paying $4.57 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas E&P industry is 1.66.
What is the trend?
The trend is important because it shows you how SM Energy Co is performing over time. The most recent quarter might be important if SM Energy Co 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 SM Energy Co 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 SM Energy Co

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 \ 116,587 = EPS
PE ratio MRQ = 4.57

* 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 SM Energy Co:

The EOD is 5.673. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 4.456. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -10.420. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	5.673	MRQ	4.456	+1.217
MRQ	4.456	TTM	-10.420	+14.877
TTM	-10.420	YOY	939.377	-949.797
TTM	-10.420	5Y	186.940	-197.360
5Y	186.940	10Y	92.845	+94.094

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
EOD	5.673	0.024	+5.649
MRQ	4.456	0.019	+4.437
TTM	-10.420	-0.573	-9.847
YOY	939.377	-0.955	+940.332
5Y	186.940	-2.290	+189.230
10Y	92.845	-4.306	+97.151

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
A PB ratio of 1.25 means the investor is paying $1.25 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of SM Energy Co:

The EOD is 1.589. Based on the equity, the company is underpriced. +1
The MRQ is 1.248. Based on the equity, the company is underpriced. +1
The TTM is 1.211. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.589	MRQ	1.248	+0.341
MRQ	1.248	TTM	1.211	+0.037
TTM	1.211	YOY	1.762	-0.551
TTM	1.211	5Y	1.071	+0.140
5Y	1.071	10Y	1.548	-0.477

Compared to industry (Oil & Gas E&P)

Period	Company	Industry (mean)	+/-
EOD	1.589	1.068	+0.521
MRQ	1.248	1.003	+0.245
TTM	1.211	1.049	+0.162
YOY	1.762	1.331	+0.431
5Y	1.071	1.202	-0.131
10Y	1.548	1.352	+0.196

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of SM Energy Co.

3.1. Institutions holding SM Energy Co

Institutions are holding 97.639% of the shares of SM Energy Co.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	17.4345	0.0199	20179832	-63541	-0.3139
2023-12-31	Vanguard Group Inc	12.3874	0.0121	14337961	-154436	-1.0656
2023-12-31	State Street Corporation	5.7666	0.0126	6674610	290364	4.5481
2023-12-31	Dimensional Fund Advisors, Inc.	4.7599	0.0623	5509379	493427	9.8372
2023-12-31	JPMorgan Chase & Co	3.142	0.0135	3636810	1788011	96.712
2023-12-31	T. Rowe Price Investment Management,Inc.	2.5724	0.075	2977520	2977520	0
2023-12-31	Frontier Capital Management CO Inc	2.5664	1.1618	2970472	-483163	-13.99
2023-12-31	Goldman Sachs Group Inc	2.3274	0.0094	2693882	1226080	83.5317
2023-12-31	Geode Capital Management, LLC	2.1884	0.0103	2532947	80546	3.2844
2023-12-31	Macquarie Group Ltd	1.9205	0.0994	2222918	62421	2.8892
2023-12-31	American Century Companies Inc	1.6586	0.0511	1919768	372453	24.0709
2023-12-31	River Road Asset Management, LLC	1.5888	0.9886	1838975	-439770	-19.2988
2023-12-31	Renaissance Technologies Corp	1.4692	0.1019	1700500	75000	4.614
2023-12-31	Charles Schwab Investment Management Inc	1.3764	0.0157	1593103	64781	4.2387
2023-12-31	Morgan Stanley - Brokerage Accounts	1.2927	0.0051	1496202	49488	3.4207
2023-12-31	Bank of New York Mellon Corp	1.2071	0.011	1397197	-6292	-0.4483
2023-12-31	Northern Trust Corp	1.2053	0.0098	1395042	14850	1.0759
2023-12-31	Aventail Capital Group, LP	1.2016	4.5585	1390797	974468	234.062
2023-12-31	Westwood Holdings Group Inc	1.1173	0.4226	1293271	1293271	0
2023-12-31	Amvescap Plc.	0.9566	0.0102	1107193	-947310	-46.109
Total		68.1391	7.6508	78868379	+7668168	+9.7%

3.2. Funds holding SM Energy Co

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Small-Cap ETF	6.8371	0.4471	7913654	10638	0.1346
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1736	0.0104	3673298	-9444	-0.2564
2024-02-29	Vanguard Small Cap Index	2.5904	0.0934	2998271	27901	0.9393
2024-02-29	iShares Russell 2000 ETF	2.4847	0.2019	2875915	-470	-0.0163
2024-02-29	SPDR® S&P Oil & Gas Explor & Prodtn ETF	1.9846	2.8874	2297049	-13782	-0.5964
2024-02-29	Avantis US Small Cap Value ETF	1.779	0.8943	2059077	846	0.0411
2024-01-31	Delaware Small Cap Core I	1.5334	0.93	1774875	67597	3.9593
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4833	0.0736	1716853	-1250	-0.0728
2023-12-31	Macquarie US Small Cap Core Equity	1.475	0.8844	1707278	268753	18.6825
2023-12-31	T. Rowe Price Small-Cap Value	1.0558	0.4474	1222100	1222100	0
2023-12-31	Fidelity Small Cap Index	1.0157	0.1791	1175619	-4224	-0.358
2024-02-29	iShares S&P Small-Cap 600 Growth ETF	0.9884	0.8748	1144044	0	0
2024-02-01	iShares Russell 2000 Value ETF	0.9619	0.3443	1113384	1408	0.1266
2024-01-31	DFA US Small Cap Value I	0.9378	0.2659	1085495	177457	19.5429
2024-01-31	DFA US Targeted Value I	0.9228	0.3071	1068077	-117302	-9.8957
2024-02-29	SPDR® Portfolio S&P 600 Sm Cap ETF	0.9057	0.4469	1048262	214	0.0204
2024-01-31	JPMorgan Small Cap Equity A	0.8865	0.7455	1026144	138683	15.6269
2024-02-29	Vanguard Small Cap Value Index Inv	0.8843	0.0843	1023595	7702	0.7582
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.8001	0.4561	926099	0	0
2024-02-29	First Trust SMID Cp Rising Div Achv ETF	0.768	1.1418	888962	8170	0.9276
Total		33.4681	11.7157	38738051	+1784997	+4.6%

3.3. Insider Transactions

Insiders are holding 1.721% of the shares of SM Energy Co.

Date	Owner	Type	Amount	Price
2023-08-29	Ramiro G Peru	SELL	15670	41.14
2023-08-23	Rose M Robeson	SELL	30000	39.65
2023-08-07	Patrick A Lytle	SELL	6494	38.46

4. Summary

4.1. Key Performance Indicators

The key performance indicators of SM Energy Co 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	-	-	2.244	1.503	+49%	2.092	+7%	0.289	+676%	0.428	+424%
Book Value Per Share	-	-	31.014	28.416	+9%	21.193	+46%	21.458	+45%	20.280	+53%
Current Ratio	-	-	1.446	1.291	+12%	0.891	+62%	0.814	+78%	1.052	+37%
Debt To Asset Ratio	-	-	0.433	0.443	-2%	0.526	-18%	0.553	-22%	0.594	-27%
Debt To Equity Ratio	-	-	0.764	0.796	-4%	1.140	-33%	1.306	-41%	1.541	-50%
Dividend Per Share	-	-	0.150	0.150	0%	0.045	+235%	0.053	+185%	0.043	+248%
Eps	-	-	2.120	1.718	+23%	2.240	-5%	0.384	+453%	0.150	+1310%
Free Cash Flow Per Share	-	-	2.172	1.006	+116%	1.622	+34%	0.734	+196%	-0.697	+132%
Free Cash Flow To Equity Per Share	-	-	1.837	0.368	+399%	0.226	+713%	0.209	+779%	-0.560	+130%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	101.219	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	20.739	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	5.582	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-1.974	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	20.247	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-2.456	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	39.104	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	0.874	-	-	-	-	-	-	-	-
Market Cap	5705169630.000	+21%	4514248640.000	4111923375.000	+10%	4515044895.000	0%	2680243901.000	+68%	3398595535.250	+33%
Net Profit Margin	-	-	0.407	0.344	+18%	0.338	+21%	-0.034	+108%	-0.078	+119%
Operating Margin	-	-	0.388	0.416	-7%	0.556	-30%	0.231	+68%	0.083	+368%
Operating Ratio	-	-	0.622	0.613	+2%	0.420	+48%	0.769	-19%	0.909	-32%
Pb Ratio	1.589	+21%	1.248	1.211	+3%	1.762	-29%	1.071	+17%	1.548	-19%
Pe Ratio	5.814	+21%	4.567	5.128	-11%	8.667	-47%	3.334	+37%	9.352	-51%
Price Per Share	49.290	+21%	38.720	34.540	+12%	36.395	+6%	22.211	+74%	28.890	+34%
Price To Free Cash Flow Ratio	5.673	+21%	4.456	-10.420	+334%	939.377	-100%	186.940	-98%	92.845	-95%
Price To Total Gains Ratio	20.590	+21%	16.175	21.936	-26%	34.103	-53%	23.080	-30%	57.309	-72%
Quick Ratio	-	-	1.337	1.172	+14%	0.839	+59%	0.608	+120%	0.758	+76%
Return On Assets	-	-	0.039	0.034	+15%	0.050	-23%	0.008	+369%	0.003	+1258%
Return On Equity	-	-	0.068	0.060	+14%	0.102	-33%	0.010	+553%	-0.001	+102%
Total Gains Per Share	-	-	2.394	1.653	+45%	2.137	+12%	0.342	+600%	0.471	+408%
Usd Book Value	-	-	3615850000.000	3387101250.000	+7%	2628282250.000	+38%	2552268700.000	+42%	2381593750.000	+52%
Usd Book Value Change Per Share	-	-	2.244	1.503	+49%	2.092	+7%	0.289	+676%	0.428	+424%
Usd Book Value Per Share	-	-	31.014	28.416	+9%	21.193	+46%	21.458	+45%	20.280	+53%
Usd Dividend Per Share	-	-	0.150	0.150	0%	0.045	+235%	0.053	+185%	0.043	+248%
Usd Eps	-	-	2.120	1.718	+23%	2.240	-5%	0.384	+453%	0.150	+1310%
Usd Free Cash Flow	-	-	253247000.000	118763000.000	+113%	201618000.000	+26%	89769450.000	+182%	-78255250.000	+131%
Usd Free Cash Flow Per Share	-	-	2.172	1.006	+116%	1.622	+34%	0.734	+196%	-0.697	+132%
Usd Free Cash Flow To Equity Per Share	-	-	1.837	0.368	+399%	0.226	+713%	0.209	+779%	-0.560	+130%
Usd Market Cap	5705169630.000	+21%	4514248640.000	4111923375.000	+10%	4515044895.000	0%	2680243901.000	+68%	3398595535.250	+33%
Usd Price Per Share	49.290	+21%	38.720	34.540	+12%	36.395	+6%	22.211	+74%	28.890	+34%
Usd Profit	-	-	247111000.000	204470000.000	+21%	277988000.000	-11%	50722300.000	+387%	20565175.000	+1102%
Usd Revenue	-	-	606857000.000	590972250.000	+3%	836476500.000	-27%	552296100.000	+10%	479061300.000	+27%
Usd Total Gains Per Share	-	-	2.394	1.653	+45%	2.137	+12%	0.342	+600%	0.471	+408%
	EOD	+4 -4	MRQ	TTM	+27 -8	YOY	+23 -12	5Y	+31 -4	10Y	+33 -2

4.2. Fundamental Score

Let's check the fundamental score of SM Energy Co based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	5.814
Price to Book Ratio (EOD)	Between	0-1	1.589
Net Profit Margin (MRQ)	Greater than	0	0.407
Operating Margin (MRQ)	Greater than	0	0.388
Quick Ratio (MRQ)	Greater than	1	1.337
Current Ratio (MRQ)	Greater than	1	1.446
Debt to Asset Ratio (MRQ)	Less than	1	0.433
Debt to Equity Ratio (MRQ)	Less than	1	0.764
Return on Equity (MRQ)	Greater than	0.15	0.068
Return on Assets (MRQ)	Greater than	0.05	0.039
Total			7/10 (70.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of SM Energy Co based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	51.564
Ma 20	Greater than	Ma 50	50.489
Ma 50	Greater than	Ma 100	45.430
Ma 100	Greater than	Ma 200	41.333
Open	Greater than	Close	50.280
Total			5/5 (100.0%)

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	6,379,985
Total Liabilities	2,764,135
Total Stockholder Equity	3,615,850

	As reported
Total Liabilities	2,764,135
Total Stockholder Equity	+ 3,615,850
Total Assets	= 6,379,985

Assets

Total Assets	6,379,985
Total Current Assets	916,439
Long-term Assets	5,463,546

Total Current Assets

Total Current Assets (as reported)	916,439
Cash And Cash Equivalents	616,164
Net Receivables	231,165
Inventory	56,442
Other Current Assets	12,668
Total Current Assets (calculated)	916,439
+/-	0

Long-term Assets

Long-term Assets (as reported)	5,463,546
Property Plant Equipment	5,376,420
Long-term Assets Other	87,126
Long-term Assets (calculated)	5,463,546
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	633,812
Long-term Liabilities	2,130,323
Total Stockholder Equity	3,615,850

Total Current Liabilities

Total Current Liabilities (as reported)	633,812
Short-term Debt	15,425
Accounts payable	107,315
Other Current Liabilities	526,497
Total Current Liabilities (calculated)	649,237
+/-	15,425

Long-term Liabilities

Long-term Liabilities (as reported)	2,130,323
Long term Debt	1,575,334
Long-term Liabilities Other	65,039
Long-term Liabilities (calculated)	1,640,373
+/-	489,950

Total Stockholder Equity

Total Stockholder Equity (as reported)	3,615,850
Common Stock	1,157
Retained Earnings	2,052,279
Accumulated Other Comprehensive Income	-2,607
Other Stockholders Equity	1,565,021
Total Stockholder Equity (calculated)	3,615,850
+/-	0

Other

Capital Stock	1,157
Cash and Short Term Investments	616,164
Common Stock Shares Outstanding	116,587
Current Deferred Revenue	-15,425
Liabilities and Stockholders Equity	6,379,985
Net Debt	959,170
Net Invested Capital	5,191,184
Net Working Capital	282,627
Property Plant and Equipment Gross	12,266,342
Short Long Term Debt Total	1,575,334

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

> Total Assets

0
0
0
40,300
0
0
0
53,800
0
0
0
75,900
76,600
82,600
82,100
81,800
82,900
83,700
87,200
89,400
86,800
87,100
91,100
96,100
104,500
104,500
132,700
144,300
180,500
190,500
198,400
211,000
214,100
215,800
206,700
184,500
180,700
182,800
192,500
230,400
235,223
257,314
281,683
321,895
345,633
349,274
374,732
436,989
496,731
490,797
504,356
537,139
694,354
685,204
689,460
735,854
766,478
784,070
839,675
945,460
1,028,635
1,077,051
1,221,346
1,268,747
1,353,684
1,403,208
1,544,014
1,899,097
1,965,123
2,131,631
2,286,001
2,571,680
2,670,287
2,920,838
2,873,528
2,695,016
2,489,181
2,395,739
2,343,759
2,360,936
2,388,314
2,417,385
2,518,997
2,744,321
3,053,524
3,219,893
3,456,280
3,798,980
3,845,098
3,999,571
4,123,952
4,199,529
4,292,324
4,590,668
4,736,845
4,705,165
4,689,011
5,004,035
5,660,746
6,516,700
6,600,686
6,213,618
6,213,861
5,621,643
5,207,056
5,044,475
5,785,433
6,393,511
6,399,708
6,212,605
6,178,926
6,176,776
6,659,988
6,736,485
6,273,721
6,352,862
6,286,618
6,391,939
6,453,083
6,292,232
5,615,025
5,267,628
5,122,285
4,976,431
5,015,645
5,052,998
5,061,960
5,233,977
5,395,781
5,339,124
5,651,513
5,716,039
5,870,158
5,992,626
6,078,570
6,379,985

6,379,985

6,078,570

5,992,626

5,870,158

5,716,039

5,651,513

5,339,124

5,395,781

5,233,977

5,061,960

5,052,998

5,015,645

4,976,431

5,122,285

5,267,628

5,615,025

6,292,232

6,453,083

6,391,939

6,286,618

6,352,862

6,273,721

6,736,485

6,659,988

6,176,776

6,178,926

6,212,605

6,399,708

6,393,511

5,785,433

5,044,475

5,207,056

5,621,643

6,213,861

6,213,618

6,600,686

6,516,700

5,660,746

5,004,035

4,689,011

4,705,165

4,736,845

4,590,668

4,292,324

4,199,529

4,123,952

3,999,571

3,845,098

3,798,980

3,456,280

3,219,893

3,053,524

2,744,321

2,518,997

2,417,385

2,388,314

2,360,936

2,343,759

2,395,739

2,489,181

2,695,016

2,873,528

2,920,838

2,670,287

2,571,680

2,286,001

2,131,631

1,965,123

1,899,097

1,544,014

1,403,208

1,353,684

1,268,747

1,221,346

1,077,051

1,028,635

945,460

839,675

784,070

766,478

735,854

689,460

685,204

694,354

537,139

504,356

490,797

496,731

436,989

374,732

349,274

345,633

321,895

281,683

257,314

235,223

230,400

192,500

182,800

180,700

184,500

206,700

215,800

214,100

211,000

198,400

190,500

180,500

144,300

132,700

104,500

96,100

91,100

87,100

86,800

89,400

87,200

83,700

82,900

81,800

82,100

82,600

76,600

75,900

53,800

40,300

> Total Current Assets

0
0
0
8,300
0
0
0
9,100
0
0
0
22,800
23,200
22,500
21,900
22,600
16,600
15,800
17,300
18,900
13,100
10,500
9,700
10,800
19,000
19,000
27,300
32,100
49,000
47,300
41,500
31,900
26,100
22,400
22,700
27,100
21,100
19,100
22,600
39,500
41,305
51,753
64,208
63,984
64,728
58,580
57,190
72,221
114,017
101,605
105,789
59,547
101,564
86,255
81,970
107,923
121,129
122,445
135,900
126,927
130,897
138,199
200,867
203,931
232,214
183,329
229,105
226,940
196,734
222,604
227,012
269,941
281,242
435,524
286,529
311,794
259,041
200,027
180,277
209,046
257,632
201,656
198,516
274,645
403,490
346,123
304,704
463,204
343,744
334,237
325,938
340,564
320,190
395,636
345,870
647,501
577,342
506,915
371,605
745,043
669,643
525,708
537,677
518,989
405,638
304,474
1,246,609
224,642
849,546
769,317
668,912
549,115
923,192
955,210
453,142
429,263
221,334
288,734
311,114
252,634
625,160
355,469
274,890
203,669
230,282
269,410
336,270
613,187
758,835
633,133
807,778
737,203
756,276
678,985
702,552
916,439

916,439

702,552

678,985

756,276

737,203

807,778

633,133

758,835

613,187

336,270

269,410

230,282

203,669

274,890

355,469

625,160

252,634

311,114

288,734

221,334

429,263

453,142

955,210

923,192

549,115

668,912

769,317

849,546

224,642

1,246,609

304,474

405,638

518,989

537,677

525,708

669,643

745,043

371,605

506,915

577,342

647,501

345,870

395,636

320,190

340,564

325,938

334,237

343,744

463,204

304,704

346,123

403,490

274,645

198,516

201,656

257,632

209,046

180,277

200,027

259,041

311,794

286,529

435,524

281,242

269,941

227,012

222,604

196,734

226,940

229,105

183,329

232,214

203,931

200,867

138,199

130,897

126,927

135,900

122,445

121,129

107,923

81,970

86,255

101,564

59,547

105,789

101,605

114,017

72,221

57,190

58,580

64,728

63,984

64,208

51,753

41,305

39,500

22,600

19,100

21,100

27,100

22,700

22,400

26,100

31,900

41,500

47,300

49,000

32,100

27,300

19,000

10,800

9,700

10,500

13,100

18,900

17,300

15,800

16,600

22,600

21,900

22,500

23,200

22,800

9,100

8,300

Cash And Cash Equivalents

0
0
0
400
0
0
0
600
0
0
0
10,800
14,100
13,200
15,700
14,800
8,700
6,400
7,900
10,000
5,400
2,200
1,000
1,700
3,900
3,900
4,400
3,300
27,100
23,600
18,800
7,100
3,800
4,500
3,100
7,800
5,700
5,200
6,600
14,200
8,651
2,867
6,571
6,619
2,782
6,245
6,198
4,116
63,191
47,856
49,070
11,154
17,291
10,846
7,114
14,827
17,806
27,581
24,688
6,418
17,520
10,568
26,597
14,925
61,062
1,825
1,016
1,464
4,733
26,179
17,240
43,510
7,511
36,919
5,396
6,131
2,211
10,389
20,517
10,649
40,424
10,249
7,089
5,077
191,294
101,080
29,923
119,194
286
184
184
5,926
87
176
176
282,248
236,435
163,794
269
120
22
82
197
18
51
18
980,666
9,372
659,147
559,521
441,415
313,943
643,337
615,906
176,806
77,965
14
12
10
10
15
10
10
10
0
0
29,800
332,716
419,887
267,089
498,435
444,998
477,869
378,238
401,980
616,164

616,164

401,980

378,238

477,869

444,998

498,435

267,089

419,887

332,716

29,800

77,965

176,806

615,906

643,337

313,943

441,415

559,521

659,147

9,372

980,666

197

120

269

163,794

236,435

282,248

176

5,926

184

286

119,194

29,923

101,080

191,294

5,077

7,089

10,249

40,424

10,649

20,517

10,389

2,211

6,131

5,396

36,919

7,511

43,510

17,240

26,179

4,733

1,464

1,016

1,825

61,062

14,925

26,597

10,568

17,520

6,418

24,688

27,581

17,806

14,827

7,114

10,846

17,291

11,154

49,070

47,856

63,191

4,116

6,198

6,245

2,782

6,619

6,571

2,867

8,651

14,200

6,600

5,200

5,700

7,800

3,100

4,500

3,800

7,100

18,800

23,600

27,100

3,300

4,400

3,900

1,700

1,000

2,200

5,400

10,000

7,900

6,400

8,700

14,800

15,700

13,200

14,100

10,800

600

400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,376
10,474
1,933
2,511
2,281
2,519
12,509
11,500
1,447
1,431
1,412
1,500
1,500
1,475
1,475
1,475
1,475
1,450
1,450
1,450
1,143
1,158
1,173
1,187
1,000
1,012
112,651
120,121
67,143
41,428
30,295
58,364
45,481
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

45,481

58,364

30,295

41,428

67,143

120,121

112,651

1,012

1,000

1,187

1,173

1,158

1,143

1,450

1,475

1,500

1,412

1,431

1,447

11,500

12,509

2,519

2,281

2,511

1,933

10,474

9,376

Net Receivables

0
0
0
6,100
0
0
0
6,900
0
0
0
10,000
7,200
7,500
6,200
6,900
7,600
9,200
9,400
8,600
7,300
8,100
7,900
8,100
14,000
14,000
20,700
21,400
19,700
20,000
22,300
24,300
22,000
17,300
18,500
17,900
14,400
12,800
15,000
23,000
30,894
46,771
53,185
55,068
52,014
47,722
36,207
46,484
32,334
35,041
34,598
35,399
68,046
57,952
58,745
65,084
70,375
79,624
91,397
104,964
96,669
107,128
139,478
165,197
138,299
133,848
155,883
150,405
146,929
144,241
153,796
160,082
200,385
204,371
187,181
170,851
113,779
108,384
101,530
148,909
149,072
131,642
122,381
171,672
151,557
176,691
183,943
215,949
226,910
212,236
239,129
258,169
259,001
293,913
280,979
323,001
307,784
312,415
304,175
282,819
270,841
239,983
171,067
134,124
111,141
143,979
140,799
151,950
108,368
105,713
146,056
160,154
192,562
178,682
179,347
167,536
145,299
165,757
146,211
184,732
143,311
127,173
136,613
162,455
199,631
229,512
272,248
247,201
321,076
333,944
258,003
233,297
187,810
217,794
264,511
231,165

231,165

264,511

217,794

187,810

233,297

258,003

333,944

321,076

247,201

272,248

229,512

199,631

162,455

136,613

127,173

143,311

184,732

146,211

165,757

145,299

167,536

179,347

178,682

192,562

160,154

146,056

105,713

108,368

151,950

140,799

143,979

111,141

134,124

171,067

239,983

270,841

282,819

304,175

312,415

307,784

323,001

280,979

293,913

259,001

258,169

239,129

212,236

226,910

215,949

183,943

176,691

151,557

171,672

122,381

131,642

149,072

148,909

101,530

108,384

113,779

170,851

187,181

204,371

200,385

160,082

153,796

144,241

146,929

150,405

155,883

133,848

138,299

165,197

139,478

107,128

96,669

104,964

91,397

79,624

70,375

65,084

58,745

57,952

68,046

35,399

34,598

35,041

32,334

46,484

36,207

47,722

52,014

55,068

53,185

46,771

30,894

23,000

15,000

12,800

14,400

17,900

18,500

17,300

22,000

24,300

22,300

20,000

19,700

21,400

20,700

14,000

8,100

7,900

8,100

7,300

8,600

9,400

9,200

7,600

6,900

6,200

7,500

7,200

10,000

6,900

6,100

Other Current Assets

0
0
0
1,800
0
0
0
1,600
0
0
0
2,000
1,900
1,800
0
900
300
200
0
300
400
200
800
1,000
1,100
1,100
2,200
7,400
2,200
3,700
400
500
300
600
1,100
1,400
1,000
1,100
1,000
2,300
1,760
2,115
4,452
2,297
9,932
4,613
12,371
19,284
11,790
5,301
7,867
1,031
3,822
288
4,351
611
6,274
389
5,226
8,270
127
4,742
490
6,799
24,512
30,220
48,425
56,136
22,642
29,454
32,045
17,836
1,181
31,874
48,155
22,161
22,930
14,111
41,428
19,193
58,364
14,284
56,199
97,896
60,639
68,352
90,838
128,061
116,548
121,817
86,625
30,017
28,523
30,340
10,498
9,944
14,446
15,007
16,782
19,625
18,147
16,621
19,114
17,137
12,850
14,901
15,326
8,799
8,053
18,121
17,756
10,752
9,997
14,293
15,826
8,632
8,454
8,723
21,751
12,708
17,842
16,704
10,221
10,001
9,792
8,595
9,708
9,175
8,223
13,792
9,133
10,231
9,535
8,815
10,537
12,668

12,668

10,537

8,815

9,535

10,231

9,133

13,792

8,223

9,175

9,708

8,595

9,792

10,001

10,221

16,704

17,842

12,708

21,751

8,723

8,454

8,632

15,826

14,293

9,997

10,752

17,756

18,121

8,053

8,799

15,326

14,901

12,850

17,137

19,114

16,621

18,147

19,625

16,782

15,007

14,446

9,944

10,498

30,340

28,523

30,017

86,625

121,817

116,548

128,061

90,838

68,352

60,639

97,896

56,199

14,284

58,364

19,193

41,428

14,111

22,930

22,161

48,155

31,874

1,181

17,836

32,045

29,454

22,642

56,136

48,425

30,220

24,512

6,799

490

4,742

127

8,270

5,226

389

6,274

611

4,351

288

3,822

1,031

7,867

5,301

11,790

19,284

12,371

4,613

9,932

2,297

4,452

2,115

1,760

2,300

1,000

1,100

1,000

1,400

1,100

600

300

500

400

3,700

2,200

7,400

2,200

1,100

1,000

800

200

400

300

200

300

900

1,800

1,900

2,000

1,600

1,800

> Long-term Assets

0
0
0
32,000
0
0
0
44,700
0
0
0
53,100
53,400
60,100
60,200
59,200
66,300
67,900
69,900
70,500
73,700
76,600
81,400
85,300
85,500
85,500
105,400
112,200
131,500
143,200
156,900
179,100
188,000
193,400
184,000
157,400
159,600
163,700
169,900
190,900
193,918
205,561
217,475
257,911
280,905
290,694
317,542
364,768
382,714
389,192
398,567
477,592
592,790
598,949
607,490
627,931
645,349
661,625
703,775
818,533
897,738
938,852
1,020,479
1,064,816
1,121,470
1,219,879
1,314,909
1,672,157
1,768,389
1,909,027
2,058,989
2,301,739
2,389,045
2,485,314
2,586,999
2,383,222
2,230,140
2,195,712
2,163,482
2,151,890
2,130,682
2,215,729
2,320,481
2,469,676
2,650,034
2,873,770
3,151,576
3,335,776
3,501,354
3,665,334
3,798,014
3,858,965
3,972,134
4,195,032
4,390,975
4,057,664
4,111,669
4,497,120
5,289,141
5,771,657
5,931,043
5,687,910
5,676,184
5,102,654
4,801,418
4,740,001
4,538,824
6,168,869
5,550,162
5,443,288
5,510,014
5,627,661
5,736,796
5,781,275
5,820,579
5,923,599
6,065,284
6,103,205
6,141,969
6,039,598
4,989,865
4,912,159
4,847,395
4,772,762
4,785,363
4,783,588
4,725,690
4,620,790
4,636,946
4,705,991
4,843,735
4,978,836
5,113,882
5,313,641
5,376,018
5,463,546

5,463,546

5,376,018

5,313,641

5,113,882

4,978,836

4,843,735

4,705,991

4,636,946

4,620,790

4,725,690

4,783,588

4,785,363

4,772,762

4,847,395

4,912,159

4,989,865

6,039,598

6,141,969

6,103,205

6,065,284

5,923,599

5,820,579

5,781,275

5,736,796

5,627,661

5,510,014

5,443,288

5,550,162

6,168,869

4,538,824

4,740,001

4,801,418

5,102,654

5,676,184

5,687,910

5,931,043

5,771,657

5,289,141

4,497,120

4,111,669

4,057,664

4,390,975

4,195,032

3,972,134

3,858,965

3,798,014

3,665,334

3,501,354

3,335,776

3,151,576

2,873,770

2,650,034

2,469,676

2,320,481

2,215,729

2,130,682

2,151,890

2,163,482

2,195,712

2,230,140

2,383,222

2,586,999

2,485,314

2,389,045

2,301,739

2,058,989

1,909,027

1,768,389

1,672,157

1,314,909

1,219,879

1,121,470

1,064,816

1,020,479

938,852

897,738

818,533

703,775

661,625

645,349

627,931

607,490

598,949

592,790

477,592

398,567

389,192

382,714

364,768

317,542

290,694

280,905

257,911

217,475

205,561

193,918

190,900

169,900

163,700

159,600

157,400

184,000

193,400

188,000

179,100

156,900

143,200

131,500

112,200

105,400

85,500

85,300

81,400

76,600

73,700

70,500

69,900

67,900

66,300

59,200

60,200

60,100

53,400

53,100

44,700

32,000

Property Plant Equipment

0
0
0
27,700
0
0
0
39,300
0
0
0
47,000
47,500
52,600
52,800
51,400
55,800
56,700
58,500
59,700
62,700
65,200
70,300
71,600
72,800
72,800
92,800
101,500
110,500
121,700
134,200
157,500
166,900
171,000
166,900
143,800
146,300
152,200
159,600
180,700
183,246
196,054
207,881
252,411
275,265
285,030
311,984
358,930
373,604
379,027
389,432
471,939
586,122
592,372
600,933
611,287
629,036
655,976
696,984
808,525
882,582
919,518
1,005,277
1,049,566
1,105,586
1,196,999
1,282,235
1,638,464
1,745,678
1,881,029
2,006,402
2,274,398
2,365,415
2,435,840
2,558,564
2,337,101
2,186,195
2,165,700
2,141,345
2,127,598
2,056,392
2,153,677
2,274,232
2,434,052
2,590,656
2,811,490
3,042,535
3,096,636
3,278,004
3,426,949
3,601,798
3,630,133
3,733,660
3,887,767
3,766,830
3,824,770
3,962,420
4,410,266
5,195,558
5,486,012
5,458,142
5,477,684
5,421,866
4,949,639
4,451,054
4,428,331
3,255,177
5,708,733
5,450,120
5,346,411
5,409,939
5,443,092
5,434,931
5,713,410
5,771,147
5,825,885
5,954,390
5,985,329
6,029,143
5,953,648
4,888,338
4,825,825
4,765,101
4,701,866
4,712,616
4,714,809
4,665,483
4,575,998
4,582,973
4,651,980
4,746,855
4,882,779
5,029,552
5,231,227
5,292,294
5,376,420

5,376,420

5,292,294

5,231,227

5,029,552

4,882,779

4,746,855

4,651,980

4,582,973

4,575,998

4,665,483

4,714,809

4,712,616

4,701,866

4,765,101

4,825,825

4,888,338

5,953,648

6,029,143

5,985,329

5,954,390

5,825,885

5,771,147

5,713,410

5,434,931

5,443,092

5,409,939

5,346,411

5,450,120

5,708,733

3,255,177

4,428,331

4,451,054

4,949,639

5,421,866

5,477,684

5,458,142

5,486,012

5,195,558

4,410,266

3,962,420

3,824,770

3,766,830

3,887,767

3,733,660

3,630,133

3,601,798

3,426,949

3,278,004

3,096,636

3,042,535

2,811,490

2,590,656

2,434,052

2,274,232

2,153,677

2,056,392

2,127,598

2,141,345

2,165,700

2,186,195

2,337,101

2,558,564

2,435,840

2,365,415

2,274,398

2,006,402

1,881,029

1,745,678

1,638,464

1,282,235

1,196,999

1,105,586

1,049,566

1,005,277

919,518

882,582

808,525

696,984

655,976

629,036

611,287

600,933

592,372

586,122

471,939

389,432

379,027

373,604

358,930

311,984

285,030

275,265

252,411

207,881

196,054

183,246

180,700

159,600

152,200

146,300

143,800

166,900

171,000

166,900

157,500

134,200

121,700

110,500

101,500

92,800

72,800

71,600

70,300

65,200

62,700

59,700

58,500

56,700

55,800

51,400

52,800

52,600

47,500

47,000

39,300

27,700

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
9,612
9,612
9,797
9,452
0
9,452
9,452
9,452
9,452
9,452
9,452
9,452
9,452
9,452
9,452
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,452

9,797

9,612

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,169
29,444
18,841
12,325
10,624
0
0
0
0
0
0
8,571
28,798
28,659
0
13,886
1,300
22,510
0
204,841
131,464
147,530
0
160,732
113,119
107,029
0
84,195
82,194
60,035
0
35,128
31,151
8,853
0
27,202
30,180
38,571
0
44,909
34,390
0
0
0
0
0
0
0
0
0
0
0
0
0
0

34,390

44,909

38,571

30,180

27,202

8,853

31,151

35,128

60,035

82,194

84,195

107,029

113,119

160,732

147,530

131,464

204,841

22,510

1,300

13,886

28,659

28,798

8,571

10,624

12,325

18,841

29,444

30,169

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,612
9,612
9,797
9,452
0
9,452
9,452
12,852
9,452
9,452
9,452
11,852
9,452
9,452
9,452
1,400
0
0
0
380
0
0
0
4,400
0
0
0
7,100
0
0
0
10,800
0
0
0
10,800
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

10,800

7,100

4,400

380

1,400

9,452

11,852

9,452

12,852

9,452

9,797

9,612

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,672
9,507
9,594
5,500
5,640
5,664
5,558
5,838
9,110
10,165
9,135
5,653
6,668
6,577
6,557
16,644
16,313
5,649
6,791
10,008
15,156
19,334
15,202
15,250
15,884
22,880
32,674
33,693
22,711
27,998
52,587
27,341
23,630
49,474
28,435
46,121
43,945
30,012
22,137
24,292
74,290
62,052
46,249
35,624
59,378
62,280
109,041
239,140
223,350
238,385
196,216
181,768
191,024
205,943
209,637
197,872
106,973
62,919
73,700
267,754
287,950
202,865
225,145
152,374
197,639
138,669
174,130
87,515
100,042
96,877
92,931
72,869
301,865
67,865
49,432
97,714
59,446
66,791
68,388
46,233
68,162
58,556
57,566
5
72,747
68,779
60,207
44,792
53,973
54,011
96,880
96,057
84,330
82,414
5,292,294
0

5,292,294

82,414

84,330

96,057

96,880

54,011

53,973

44,792

60,207

68,779

72,747

57,566

58,556

68,162

46,233

68,388

66,791

59,446

97,714

49,432

67,865

301,865

72,869

92,931

96,877

100,042

87,515

174,130

138,669

197,639

152,374

225,145

202,865

287,950

267,754

73,700

62,919

106,973

197,872

209,637

205,943

191,024

181,768

196,216

238,385

223,350

239,140

109,041

62,280

59,378

35,624

46,249

62,052

74,290

24,292

22,137

30,012

43,945

46,121

28,435

49,474

23,630

27,341

52,587

27,998

22,711

33,693

32,674

22,880

15,884

15,250

15,202

19,334

15,156

10,008

6,791

5,649

16,313

16,644

6,557

6,577

6,668

5,653

9,135

10,165

9,110

5,838

5,558

5,664

5,640

5,500

9,594

9,507

10,672

> Total Liabilities

0
0
0
12,800
0
0
0
22,700
0
0
0
14,500
14,300
19,500
17,600
18,200
18,400
17,300
18,900
23,400
20,000
20,300
24,600
29,800
38,000
38,000
61,600
69,100
42,800
47,600
51,500
63,100
65,000
65,100
66,600
49,800
46,500
44,100
51,000
41,300
38,779
42,984
48,741
71,152
88,742
74,922
91,255
150,161
207,102
194,504
201,270
236,981
362,080
336,454
317,290
345,201
369,831
357,087
405,354
461,005
528,345
558,631
704,412
699,427
719,529
831,349
857,600
1,155,723
1,120,755
1,232,827
1,352,807
1,708,335
1,866,791
2,380,455
1,864,618
1,567,531
1,404,305
1,384,311
1,347,642
1,387,366
1,254,723
1,234,552
1,316,546
1,525,795
1,841,076
1,870,727
1,868,527
2,336,040
2,354,674
2,471,875
2,649,910
2,785,063
2,855,499
3,063,765
3,150,061
3,098,344
3,013,592
3,258,083
3,708,906
4,230,045
4,364,458
4,025,311
4,027,024
3,769,242
3,698,640
3,695,639
3,937,518
3,896,378
3,784,193
3,710,777
3,766,885
3,782,168
3,947,891
3,999,858
3,674,322
3,432,540
3,543,393
3,590,096
3,609,333
3,543,238
3,273,308
2,986,796
2,937,177
2,960,271
3,245,973
3,500,489
3,425,061
3,170,846
3,280,672
2,894,224
2,783,851
2,630,581
2,640,363
2,694,159
2,674,277
2,764,135

2,764,135

2,674,277

2,694,159

2,640,363

2,630,581

2,783,851

2,894,224

3,280,672

3,170,846

3,425,061

3,500,489

3,245,973

2,960,271

2,937,177

2,986,796

3,273,308

3,543,238

3,609,333

3,590,096

3,543,393

3,432,540

3,674,322

3,999,858

3,947,891

3,782,168

3,766,885

3,710,777

3,784,193

3,896,378

3,937,518

3,695,639

3,698,640

3,769,242

4,027,024

4,025,311

4,364,458

4,230,045

3,708,906

3,258,083

3,013,592

3,098,344

3,150,061

3,063,765

2,855,499

2,785,063

2,649,910

2,471,875

2,354,674

2,336,040

1,868,527

1,870,727

1,841,076

1,525,795

1,316,546

1,234,552

1,254,723

1,387,366

1,347,642

1,384,311

1,404,305

1,567,531

1,864,618

2,380,455

1,866,791

1,708,335

1,352,807

1,232,827

1,120,755

1,155,723

857,600

831,349

719,529

699,427

704,412

558,631

528,345

461,005

405,354

357,087

369,831

345,201

317,290

336,454

362,080

236,981

201,270

194,504

207,102

150,161

91,255

74,922

88,742

71,152

48,741

42,984

38,779

41,300

51,000

44,100

46,500

49,800

66,600

65,100

65,000

63,100

51,500

47,600

42,800

69,100

61,600

38,000

29,800

24,600

20,300

20,000

23,400

18,900

17,300

18,400

18,200

17,600

19,500

14,300

14,500

22,700

12,800

> Total Current Liabilities

0
0
0
3,100
0
0
0
3,400
0
0
0
4,800
5,000
6,200
6,300
7,400
6,600
6,600
7,800
9,500
4,900
6,200
6,700
7,700
13,800
13,800
19,700
18,200
23,000
24,600
26,000
22,300
25,000
18,800
17,700
17,300
15,500
10,600
11,000
26,000
19,612
21,004
23,560
23,345
56,658
25,470
33,795
38,221
37,417
41,625
42,581
57,497
90,018
84,289
89,248
104,822
99,986
108,866
133,538
114,892
131,856
137,460
224,687
198,994
189,074
199,698
202,395
204,070
221,403
253,462
279,840
362,545
441,826
685,424
466,863
296,601
244,739
247,863
249,157
296,671
332,299
312,903
371,054
502,053
489,949
483,148
423,526
505,805
471,525
475,761
499,925
541,546
510,154
588,200
629,779
639,131
515,279
684,581
669,574
784,660
696,255
522,157
485,197
302,525
303,157
320,841
328,630
415,172
353,485
347,772
436,676
559,212
649,176
1,047,957
733,857
466,052
545,342
503,945
491,042
472,043
383,463
307,900
377,278
583,739
776,619
1,051,668
1,103,567
889,327
1,058,721
1,013,753
814,017
598,584
563,146
563,988
599,084
633,812

633,812

599,084

563,988

563,146

598,584

814,017

1,013,753

1,058,721

889,327

1,103,567

1,051,668

776,619

583,739

377,278

307,900

383,463

472,043

491,042

503,945

545,342

466,052

733,857

1,047,957

649,176

559,212

436,676

347,772

353,485

415,172

328,630

320,841

303,157

302,525

485,197

522,157

696,255

784,660

669,574

684,581

515,279

639,131

629,779

588,200

510,154

541,546

499,925

475,761

471,525

505,805

423,526

483,148

489,949

502,053

371,054

312,903

332,299

296,671

249,157

247,863

244,739

296,601

466,863

685,424

441,826

362,545

279,840

253,462

221,403

204,070

202,395

199,698

189,074

198,994

224,687

137,460

131,856

114,892

133,538

108,866

99,986

104,822

89,248

84,289

90,018

57,497

42,581

41,625

37,417

38,221

33,795

25,470

56,658

23,345

23,560

21,004

19,612

26,000

11,000

10,600

15,500

17,300

17,700

18,800

25,000

22,300

26,000

24,600

23,000

18,200

19,700

13,800

7,700

6,700

6,200

4,900

9,500

7,800

6,600

7,400

6,300

6,200

5,000

4,800

3,400

3,100

Short-term Debt

0
0
0
0
0
0
0
2,200
0
0
0
1,200
1,200
2,100
2,100
2,100
2,500
2,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-5,547
0
0
0
4,469
0
0
0
194,355
0
0
0
0
0
0
0
0
0
37,903
53,732
82,044
114,228
70,100
21,106
416,445
50,764
9,150
19,352
8,999
22,836
4,748
22,648
26,380
60,684
92,088
4,649
2,332,445
0
8,107
2,900
8
8,211
63,492
51,059
115,464
53,809
36,296
87,791
172,582
181,068
342,301
304,159
123,874
95,269
70,259
37,798
160,528
8,277
38,250
76,969
342,301
371,802
545,062
552,044
528,465
538,127
425,041
-631,984
10,114
30,723
22,210
0
15,425

15,425

22,210

30,723

10,114

-631,984

425,041

538,127

528,465

552,044

545,062

371,802

342,301

76,969

38,250

8,277

160,528

37,798

70,259

95,269

123,874

304,159

342,301

181,068

172,582

87,791

36,296

53,809

115,464

51,059

63,492

8,211

2,900

8,107

2,332,445

4,649

92,088

60,684

26,380

22,648

4,748

22,836

8,999

19,352

9,150

50,764

416,445

21,106

70,100

114,228

82,044

53,732

37,903

194,355

4,469

-5,547

2,400

2,500

2,100

1,200

2,200

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,332,445
0
0
0
2,517,970
8,211
63,492
51,059
2,897,575
53,809
2,901,948
2,905,358
2,908,770
2,912,248
342,301
0
0
23,523
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

23,523

342,301

2,912,248

2,908,770

2,905,358

2,901,948

53,809

2,897,575

51,059

63,492

8,211

2,517,970

2,332,445

Accounts payable

0
0
0
700
0
0
0
1,100
0
0
0
3,500
3,400
3,700
3,400
5,200
3,800
3,600
2,600
9,500
4,700
6,200
6,700
7,700
13,800
13,800
19,700
16,600
22,600
24,200
25,600
21,900
25,000
18,400
17,400
16,900
15,200
10,300
10,700
25,700
19,165
20,544
23,093
23,345
33,864
23,141
31,935
34,858
33,777
39,914
41,602
48,790
74,936
63,050
76,130
81,217
74,278
86,507
110,802
7,506
110,415
119,058
158,031
14,265
160,909
160,423
169,657
37,152
195,288
226,080
236,044
65,235
285,481
302,872
348,549
25,629
201,282
207,342
215,363
11,633
271,986
275,000
317,322
11,323
375,721
413,048
400,420
79,138
413,211
460,611
474,573
525,627
480,318
577,452
601,131
606,751
443,395
592,493
664,925
783,660
696,255
514,050
482,297
302,517
293,796
257,349
277,571
299,708
299,676
311,476
348,885
386,630
468,108
446,318
429,698
56,047
426,550
407,883
431,440
52,094
359,406
257,053
287,777
63,006
394,226
496,285
542,474
25,072
514,558
583,236
631,984
43,898
522,279
530,459
540,459
107,315

107,315

540,459

530,459

522,279

43,898

631,984

583,236

514,558

25,072

542,474

496,285

394,226

63,006

287,777

257,053

359,406

52,094

431,440

407,883

426,550

56,047

429,698

446,318

468,108

386,630

348,885

311,476

299,676

299,708

277,571

257,349

293,796

302,517

482,297

514,050

696,255

783,660

664,925

592,493

443,395

606,751

601,131

577,452

480,318

525,627

474,573

460,611

413,211

79,138

400,420

413,048

375,721

11,323

317,322

275,000

271,986

11,633

215,363

207,342

201,282

25,629

348,549

302,872

285,481

65,235

236,044

226,080

195,288

37,152

169,657

160,423

160,909

14,265

158,031

119,058

110,415

7,506

110,802

86,507

74,278

81,217

76,130

63,050

74,936

48,790

41,602

39,914

33,777

34,858

31,935

23,141

33,864

23,345

23,093

20,544

19,165

25,700

10,700

10,300

15,200

16,900

17,400

18,400

25,000

21,900

25,600

24,200

22,600

16,600

19,700

13,800

7,700

6,700

6,200

4,700

9,500

2,600

3,600

3,800

5,200

3,400

3,700

3,400

3,500

1,100

700

Other Current Liabilities

0
0
0
2,400
0
0
0
100
0
0
0
100
400
400
800
100
300
600
5,200
0
200
0
0
0
0
0
0
1,600
400
400
400
400
0
400
300
400
300
300
300
300
447
460
467
0
22,794
2,329
1,860
3,363
3,640
1,711
979
8,707
15,082
21,239
13,118
23,605
25,708
22,359
22,736
107,386
21,441
18,402
66,656
184,729
28,165
37,602
32,738
147,782
26,115
27,382
43,796
10,000
156,345
382,552
118,314
270,972
244,739
247,863
249,157
285,038
332,299
312,903
371,054
490,730
489,949
483,148
423,526
6,000
471,525
475,761
499,925
471,907
510,154
588,200
629,779
542,495
515,279
684,581
669,574
784,508
696,255
522,157
485,197
-455,754
303,157
320,841
328,630
99,500
353,485
347,772
436,676
479,223
649,176
705,656
733,857
62,853
545,342
503,945
491,042
70,035
383,463
307,900
377,278
520,733
776,619
1,051,668
1,103,567
326,021
1,058,721
328,146
601,547
263,761
40,867
33,529
58,625
526,497

526,497

58,625

33,529

40,867

263,761

601,547

328,146

1,058,721

326,021

1,103,567

1,051,668

776,619

520,733

377,278

307,900

383,463

70,035

491,042

503,945

545,342

62,853

733,857

705,656

649,176

479,223

436,676

347,772

353,485

99,500

328,630

320,841

303,157

-455,754

485,197

522,157

696,255

784,508

669,574

684,581

515,279

542,495

629,779

588,200

510,154

471,907

499,925

475,761

471,525

6,000

423,526

483,148

489,949

490,730

371,054

312,903

332,299

285,038

249,157

247,863

244,739

270,972

118,314

382,552

156,345

10,000

43,796

27,382

26,115

147,782

32,738

37,602

28,165

184,729

66,656

18,402

21,441

107,386

22,736

22,359

25,708

23,605

13,118

21,239

15,082

8,707

979

1,711

3,640

3,363

1,860

2,329

22,794

467

460

447

300

400

300

400

1,600

200

5,200

600

300

100

800

400

100

2,400

> Long-term Liabilities

0
0
0
9,700
0
0
0
19,300
0
0
0
9,700
9,300
13,300
11,300
10,800
11,800
10,700
11,100
13,900
15,100
14,100
17,900
22,100
24,200
24,200
41,900
50,900
19,800
23,000
25,500
40,800
40,000
46,300
48,900
32,500
31,000
33,500
40,000
15,300
19,167
21,980
25,181
47,807
32,084
49,452
57,460
111,940
169,685
152,879
158,689
179,484
272,062
252,165
228,042
240,379
269,845
248,221
271,816
346,113
396,489
421,171
479,725
500,433
530,455
631,651
655,205
951,653
899,352
979,365
1,072,967
1,345,790
1,424,965
1,695,031
1,397,755
1,270,930
1,159,566
1,136,448
1,098,485
1,090,695
922,424
921,649
945,492
1,023,742
1,351,127
1,387,579
1,445,001
1,830,235
1,883,149
1,996,114
2,149,985
2,243,517
2,345,345
2,475,565
2,520,282
2,459,213
2,498,313
2,573,502
3,039,332
3,445,385
3,668,203
3,503,154
3,541,827
3,466,717
3,395,483
3,374,798
3,608,888
3,481,206
3,430,708
3,363,005
3,330,209
3,222,956
3,298,715
2,951,901
2,940,465
2,966,488
2,998,051
3,086,151
3,118,291
3,071,195
2,889,845
2,678,896
2,559,899
2,376,532
2,469,354
2,448,821
2,321,494
2,281,519
2,221,951
1,880,471
1,969,834
2,031,997
2,077,217
2,130,171
2,075,193
2,130,323

2,130,323

2,075,193

2,130,171

2,077,217

2,031,997

1,969,834

1,880,471

2,221,951

2,281,519

2,321,494

2,448,821

2,469,354

2,376,532

2,559,899

2,678,896

2,889,845

3,071,195

3,118,291

3,086,151

2,998,051

2,966,488

2,940,465

2,951,901

3,298,715

3,222,956

3,330,209

3,363,005

3,430,708

3,481,206

3,608,888

3,374,798

3,395,483

3,466,717

3,541,827

3,503,154

3,668,203

3,445,385

3,039,332

2,573,502

2,498,313

2,459,213

2,520,282

2,475,565

2,345,345

2,243,517

2,149,985

1,996,114

1,883,149

1,830,235

1,445,001

1,387,579

1,351,127

1,023,742

945,492

921,649

922,424

1,090,695

1,098,485

1,136,448

1,159,566

1,270,930

1,397,755

1,695,031

1,424,965

1,345,790

1,072,967

979,365

899,352

951,653

655,205

631,651

530,455

500,433

479,725

421,171

396,489

346,113

271,816

248,221

269,845

240,379

228,042

252,165

272,062

179,484

158,689

152,879

169,685

111,940

57,460

49,452

32,084

47,807

25,181

21,980

19,167

15,300

40,000

33,500

31,000

32,500

48,900

46,300

40,000

40,800

25,500

23,000

19,800

50,900

41,900

24,200

22,100

17,900

14,100

15,100

13,900

11,100

10,700

11,800

10,800

11,300

13,300

9,300

9,700

19,300

9,700

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
271,212
275,404
323,673
627,942
630,291
632,639
285,069
311,500
61,000
228,000
340,000
430,000
28,000
28,000
1,600,000
1,600,000
1,600,000
1,990,000
2,366,000
2,616,500
2,472,000
2,534,000
2,517,970
2,564,472
2,603,080
2,894,323
2,897,575
2,898,603
2,901,948
2,905,358
2,908,770
2,912,248
2,573,424
2,592,952
2,596,333
2,646,287
2,721,240
2,735,769
2,732,798
2,645,384
2,456,119
2,353,038
2,214,319
2,260,651
2,192,125
2,077,630
2,081,164
1,980,392
1,570,648
1,571,429
1,572,210
1,572,991
1,573,772
1,574,553
0

1,574,553

1,573,772

1,572,991

1,572,210

1,571,429

1,570,648

1,980,392

2,081,164

2,077,630

2,192,125

2,260,651

2,214,319

2,353,038

2,456,119

2,645,384

2,732,798

2,735,769

2,721,240

2,646,287

2,596,333

2,592,952

2,573,424

2,912,248

2,908,770

2,905,358

2,901,948

2,898,603

2,897,575

2,894,323

2,603,080

2,564,472

2,517,970

2,534,000

2,472,000

2,616,500

2,366,000

1,990,000

1,600,000

28,000

430,000

340,000

228,000

61,000

311,500

285,069

632,639

630,291

627,942

323,673

275,404

271,212

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
1,383
931
1,095
987
1,369
985
616
255
1,981
867
1,914
5,727
33,652
36,978
9,763
38,736
40,999
44,990
54,883
79,492
95,951
109,000
176,734
272,252
292,461
326,029
285,412
293,155
321,328
349,357
349,217
515,687
571,915
925,941
597,209
325,096
294,290
318,567
313,659
327,604
269,112
241,440
248,067
256,934
298,156
260,883
202,969
276,903
287,989
238,389
248,408
266,134
267,006
248,903
253,282
209,088
209,319
248,094
202,634
187,704
185,977
171,566
174,475
190,468
267,906
299,363
260,853
267,959
227,774
215,551
216,131
234,197
386,467
378,477
347,513
370,155
320,791
336,726
357,138
315,260
224,451
205,344
192,390
162,213
208,703
256,696
243,864
200,355
241,559
309,823
398,405
436,166
0
0
500,640
0

500,640

436,166

398,405

309,823

241,559

200,355

243,864

256,696

208,703

162,213

192,390

205,344

224,451

315,260

357,138

336,726

320,791

370,155

347,513

378,477

386,467

234,197

216,131

215,551

227,774

267,959

260,853

299,363

267,906

190,468

174,475

171,566

185,977

187,704

202,634

248,094

209,319

209,088

253,282

248,903

267,006

266,134

248,408

238,389

287,989

276,903

202,969

260,883

298,156

256,934

248,067

241,440

269,112

327,604

313,659

318,567

294,290

325,096

597,209

925,941

571,915

515,687

349,217

349,357

321,328

293,155

285,412

326,029

292,461

272,252

176,734

109,000

95,951

79,492

54,883

44,990

40,999

38,736

9,763

36,978

33,652

5,727

1,914

867

1,981

255

616

985

1,369

987

1,095

931

1,383

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
433,043
447,471
475,692
489,603
534,638
612,577
581,138
609,057
597,681
582,379
544,028
561,008
600,187
645,873
654,765
696,879
778,255
854,941
891,751
866,124
860,614
835,371
758,279
641,619
577,015
558,417
414,012
385,637
315,421
276,396
151,391
232,135
245,292
213,554
235,774
189,680
202,577
223,483
192,830
101,120
81,077
67,650
22,331
67,595
3,500
3,100
35,465
73,399
138,718
226,976
281,953
334,421
380,957
9,100
0

9,100

380,957

334,421

281,953

226,976

138,718

73,399

35,465

3,100

3,500

67,595

22,331

67,650

81,077

101,120

192,830

223,483

202,577

189,680

235,774

213,554

245,292

232,135

151,391

276,396

315,421

385,637

414,012

558,417

577,015

641,619

758,279

835,371

860,614

866,124

891,751

854,941

778,255

696,879

654,765

645,873

600,187

561,008

544,028

582,379

597,681

609,057

581,138

612,577

534,638

489,603

475,692

447,471

433,043

> Total Stockholder Equity

0
0
0
27,500
0
0
0
31,100
0
0
0
61,400
62,300
63,100
64,500
63,600
64,500
66,400
68,300
66,000
66,800
66,800
66,500
66,300
66,500
66,500
71,100
75,200
137,700
142,900
146,900
147,900
149,100
150,700
140,100
134,700
134,200
138,700
141,000
188,800
196,106
213,959
232,594
250,136
256,295
273,869
282,896
286,117
289,006
295,625
302,374
299,513
331,574
348,188
371,568
390,653
396,647
426,983
434,321
484,455
500,290
518,420
516,934
569,320
634,155
571,859
686,414
743,374
844,368
898,804
933,194
863,345
803,496
540,383
1,008,910
1,127,485
1,084,876
1,011,428
996,117
973,570
1,133,591
1,182,833
1,202,451
1,218,526
1,212,448
1,349,166
1,587,753
1,462,940
1,490,424
1,527,696
1,474,042
1,414,466
1,436,825
1,526,903
1,586,784
1,606,821
1,675,419
1,745,952
1,951,840
2,286,655
2,236,228
2,188,307
2,186,837
1,852,401
1,508,416
1,348,836
1,847,915
2,497,133
2,615,515
2,501,828
2,412,041
2,394,608
2,712,097
2,736,627
2,599,399
2,920,322
2,743,225
2,801,843
2,843,750
2,748,994
2,341,717
2,280,832
2,185,108
2,016,160
1,769,672
1,552,509
1,636,899
2,063,131
2,115,109
2,444,900
2,867,662
3,085,458
3,229,795
3,298,467
3,404,293
3,615,850

3,615,850

3,404,293

3,298,467

3,229,795

3,085,458

2,867,662

2,444,900

2,115,109

2,063,131

1,636,899

1,552,509

1,769,672

2,016,160

2,185,108

2,280,832

2,341,717

2,748,994

2,843,750

2,801,843

2,743,225

2,920,322

2,599,399

2,736,627

2,712,097

2,394,608

2,412,041

2,501,828

2,615,515

2,497,133

1,847,915

1,348,836

1,508,416

1,852,401

2,186,837

2,188,307

2,236,228

2,286,655

1,951,840

1,745,952

1,675,419

1,606,821

1,586,784

1,526,903

1,436,825

1,414,466

1,474,042

1,527,696

1,490,424

1,462,940

1,587,753

1,349,166

1,212,448

1,218,526

1,202,451

1,182,833

1,133,591

973,570

996,117

1,011,428

1,084,876

1,127,485

1,008,910

540,383

803,496

863,345

933,194

898,804

844,368

743,374

686,414

571,859

634,155

569,320

516,934

518,420

500,290

484,455

434,321

426,983

396,647

390,653

371,568

348,188

331,574

299,513

302,374

295,625

289,006

286,117

282,896

273,869

256,295

250,136

232,594

213,959

196,106

188,800

141,000

138,700

134,200

134,700

140,100

150,700

149,100

147,900

146,900

142,900

137,700

75,200

71,100

66,500

66,300

66,500

66,800

66,000

68,300

66,400

64,500

63,600

64,500

63,100

62,300

61,400

31,100

27,500

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
140
141
284
286
287
287
287
288
288
289
289
290
291
291
292
292
295
297
286
287
577
580
582
570
572
583
551
553
630
636
637
640
615
623
624
625
626
626
626
629
630
631
631
634
637
638
641
641
642
652
661
662
663
664
670
671
671
671
674
675
675
676
680
681
681
683
869
1,113
1,113
1,115
1,116
1,117
1,117
1,118
1,121
1,122
1,122
1,125
1,129
1,130
1,130
1,136
1,146
1,147
1,147
1,210
1,215
1,219
1,219
1,220
1,228
1,219
1,205
1,181
1,163
1,157

1,157

1,163

1,181

1,205

1,219

1,228

1,220

1,219

1,215

1,210

1,147

1,146

1,136

1,130

1,129

1,125

1,122

1,121

1,118

1,117

1,116

1,115

1,113

869

683

681

680

676

675

674

671

670

664

663

662

661

652

642

641

638

637

634

631

630

629

626

625

624

623

615

640

637

636

630

553

551

583

572

570

582

580

577

287

286

297

295

292

291

290

289

288

287

286

284

141

140

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
992,685
1,004,984
1,042,123
1,020,448
1,144,972
1,371,869
1,251,157
1,274,287
1,299,175
1,257,534
1,190,397
1,203,813
1,280,332
1,347,674
1,354,669
1,416,923
1,476,703
1,682,273
2,013,997
1,957,747
1,900,058
1,899,803
1,559,515
1,208,900
1,040,219
994,969
794,020
906,515
786,608
691,915
665,657
980,444
997,641
856,111
1,165,842
982,662
1,033,051
1,069,642
967,587
554,562
465,310
365,872
200,697
-51,719
-274,745
-190,367
234,533
282,079
605,564
1,068,385
1,308,558
1,489,032
1,621,202
0
0

1,621,202

1,489,032

1,308,558

1,068,385

605,564

282,079

234,533

-190,367

-274,745

-51,719

200,697

365,872

465,310

554,562

967,587

1,069,642

1,033,051

982,662

1,165,842

856,111

997,641

980,444

665,657

691,915

786,608

906,515

794,020

994,969

1,040,219

1,208,900

1,559,515

1,899,803

1,900,058

1,957,747

2,013,997

1,682,273

1,476,703

1,416,923

1,354,669

1,347,674

1,280,332

1,203,813

1,190,397

1,257,534

1,299,175

1,274,287

1,251,157

1,371,869

1,144,972

1,020,448

1,042,123

1,004,984

992,685

Accumulated Other Comprehensive Income

0
0
0
-61,800
0
0
0
-70,700
0
0
0
-75,500
-77,000
-79,300
-81,600
-86,600
-89,200
-91,800
-94,700
-101,300
-104,100
-107,500
-109,400
-108,400
-111,700
-111,700
-117,600
-115,200
-118,800
-116,600
-120,700
-121,000
-126,300
-132,900
-138,500
-126,800
-131,500
-136,700
200
300
514
372
371
141
-14,489
-1,043
3,921
6,916
6,942
3,724
2,015
-7,767
-10,035
-17,761
-9,322
-14,881
-16,440
-19,150
-20,086
-2,765
-27,763
-24,930
-56,073
-60,192
-45,088
-52,246
4,587
12,929
-34,549
-45,773
-47,183
-156,968
-230,808
-550,162
-171,265
65,293
77,694
7,951
-5,492
-37,954
-6,195
15,033
14,089
-15,482
-14,555
-10,604
-6,333
-4,280
-5,314
-5,430
-5,744
-9,014
-8,956
-8,210
-7,902
-5,416
-5,416
-5,086
-4,890
-11,312
-11,488
-12,064
-12,084
-13,402
-13,638
-13,907
-14,162
-14,556
-15,123
-14,999
-15,207
-13,789
-16,499
-16,301
-16,038
-12,380
-12,117
-11,998
-11,808
-11,319
-11,129
-10,941
-9,746
-13,598
-13,407
-12,815
-12,569
-12,849
-12,667
-12,485
-12,303
-4,022
-4,009
-3,996
-3,982
-2,607

-2,607

-3,982

-3,996

-4,009

-4,022

-12,303

-12,485

-12,667

-12,849

-12,569

-12,815

-13,407

-13,598

-9,746

-10,941

-11,129

-11,319

-11,808

-11,998

-12,117

-12,380

-16,038

-16,301

-16,499

-13,789

-15,207

-14,999

-15,123

-14,556

-14,162

-13,907

-13,638

-13,402

-12,084

-12,064

-11,488

-11,312

-4,890

-5,086

-5,416

-7,902

-8,210

-8,956

-9,014

-5,744

-5,430

-5,314

-4,280

-6,333

-10,604

-14,555

-15,482

14,089

15,033

-6,195

-37,954

-5,492

7,951

77,694

65,293

-171,265

-550,162

-230,808

-156,968

-47,183

-45,773

-34,549

12,929

4,587

-52,246

-45,088

-60,192

-56,073

-24,930

-27,763

-2,765

-20,086

-19,150

-16,440

-14,881

-9,322

-17,761

-10,035

-7,767

2,015

3,724

6,942

6,916

3,921

-1,043

-14,489

141

371

372

514

300

200

-136,700

-131,500

-126,800

-138,500

-132,900

-126,300

-121,000

-120,700

-116,600

-118,800

-115,200

-117,600

-111,700

-108,400

-109,400

-107,500

-104,100

-101,300

-94,700

-91,800

-89,200

-86,600

-81,600

-79,300

-77,000

-75,500

-70,700

-61,800

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
174,973
183,203
191,674
206,304
215,704
223,120
216,966
222,353
234,562
222,812
233,642
242,526
254,940
247,165
257,720
264,064
273,664
273,783
283,295
289,294
299,637
298,438
305,607
312,473
321,841
866,239
1,716,556
1,723,010
1,729,104
1,734,217
1,741,623
1,747,035
1,754,169
1,758,205
1,765,738
1,771,558
1,779,665
1,784,787
1,791,596
1,797,154
1,825,327
1,827,836
1,827,914
1,833,651
1,838,859
1,838,620
1,840,228
1,844,478
1,850,601
1,810,352
1,779,703
1,743,567
1,680,080
1,581,110
0

1,581,110

1,680,080

1,743,567

1,779,703

1,810,352

1,850,601

1,844,478

1,840,228

1,838,620

1,838,859

1,833,651

1,827,914

1,827,836

1,825,327

1,797,154

1,791,596

1,784,787

1,779,665

1,771,558

1,765,738

1,758,205

1,754,169

1,747,035

1,741,623

1,734,217

1,729,104

1,723,010

1,716,556

866,239

321,841

312,473

305,607

298,438

299,637

289,294

283,295

273,783

273,664

264,064

257,720

247,165

254,940

242,526

233,642

222,812

234,562

222,353

216,966

223,120

215,704

206,304

191,674

183,203

174,973

Treasury Stock

-823

-1,221

-1,263

-1,544

-386

-423

-456

-489

-1,179

-1,204

-1,230

-1,256

-1,773

-1,892

-2,011

-2,130

-2,804

-29,049

-29,126

-3,350

-4,203

-4,272

-4,784

-127,686

-5,148

-33,336

-5,295

-15,708

-15,950

-16,057

-16,210

-14,288

-5,126

-3,339

Other Stockholders Equity

0
0
0
60,400
0
0
0
70,800
0
0
0
91,500
92,900
95,200
97,600
102,500
105,800
108,300
110,700
117,300
120,000
123,400
125,300
124,300
127,700
127,700
133,500
131,100
186,000
183,700
188,300
188,600
194,000
200,600
203,900
192,200
196,500
205,100
201,600
267,200
274,948
286,482
297,526
301,187
297,936
314,488
328,654
344,378
360,836
367,265
375,016
392,598
392,737
393,672
415,980
443,575
431,529
466,346
484,815
525,073
122,905
99,772
105,776
112,938
120,093
24,717
29,170
34,597
146,703
152,899
133,771
141,053
62,311
84,638
89,227
97,841
139,793
144,667
149,898
159,358
164,341
174,517
182,836
190,769
206,363
214,556
221,243
215,142
220,495
232,869
221,847
232,407
241,349
253,907
246,440
256,481
262,825
273,578
273,893
282,983
288,806
299,573
298,354
305,205
312,835
321,934
866,077
1,717,000
1,722,887
1,729,105
1,734,010
1,741,834
1,746,536
1,753,868
1,758,167
1,765,358
1,771,441
1,779,667
1,784,979
1,791,277
1,797,025
1,825,386
1,828,090
1,827,914
1,833,651
1,838,859
1,838,620
1,840,228
1,844,478
1,850,601
1,810,352
1,779,703
1,743,567
1,680,080
1,581,110
1,565,021

1,565,021

1,581,110

1,680,080

1,743,567

1,779,703

1,810,352

1,850,601

1,844,478

1,840,228

1,838,620

1,838,859

1,833,651

1,827,914

1,828,090

1,825,386

1,797,025

1,791,277

1,784,979

1,779,667

1,771,441

1,765,358

1,758,167

1,753,868

1,746,536

1,741,834

1,734,010

1,729,105

1,722,887

1,717,000

866,077

321,934

312,835

305,205

298,354

299,573

288,806

282,983

273,893

273,578

262,825

256,481

246,440

253,907

241,349

232,407

221,847

232,869

220,495

215,142

221,243

214,556

206,363

190,769

182,836

174,517

164,341

159,358

149,898

144,667

139,793

97,841

89,227

84,638

62,311

141,053

133,771

152,899

146,703

34,597

29,170

24,717

120,093

112,938

105,776

99,772

122,905

525,073

484,815

466,346

431,529

443,575

415,980

393,672

392,737

392,598

375,016

367,265

360,836

344,378

328,654

314,488

297,936

301,187

297,526

286,482

274,948

267,200

201,600

205,100

196,500

192,200

203,900

200,600

194,000

188,600

188,300

183,700

186,000

131,100

133,500

127,700

124,300

125,300

123,400

120,000

117,300

110,700

108,300

105,800

102,500

97,600

95,200

92,900

91,500

70,800

60,400

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Accounts Payable	107,315	43,898	25,072	63,006	52,094	56,047	386,630	299,708	302,517	783,660	606,751	525,627	79,138	11,323	11,633	25,629	65,235	37,152	14,265	7,506	81,217	48,790	34,858	23,345	25,700	16,900	21,900	16,600	7,700	9,500	5,200	3,500	1,100	700
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-2,607	-4,022	-12,849	-13,598	-11,319	-12,380	-13,789	-14,556	-13,402	-11,312	-5,416	-9,014	-4,280	-15,482	-37,954	65,293	-156,968	12,929	-60,192	-2,765	-14,881	-7,767	6,916	141	300	-126,800	-121,000	-115,200	-108,400	-101,300	-86,600	-75,500	-70,700	-61,800
Additional Paid In Capital	0	0	0	0	0	0	0	1,716,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,157	1,219	1,219	1,147	1,130	1,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	1,779,703	1,840,228	1,827,914	1,791,596	1,765,738	1,741,623	1,716,556	305,607	283,295	257,720	233,642	216,966	191,674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	616,164	444,998	332,716	10	10	77,965	313,943	9,372	18	120	282,248	5,926	119,194	5,077	10,649	6,131	43,510	1,464	14,925	6,418	14,827	11,154	4,116	6,619	14,200	7,800	7,100	3,300	1,700	10,000	14,800	10,800	600	400
Cash And Equivalents	0	444,998	332,716	10	10	77,965	313,943	9,372	0	0	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	616,164	444,998	332,716	10	10	77,965	313,943	9,372	18	120	282,248	5,926	119,194	5,077	10,649	7,133	44,683	2,914	16,400	7,830	27,336	13,087	4,116	6,619	14,200	7,800	7,100	3,300	1,700	10,000	14,800	10,800	600	400
Common Stock	1,157	1,219	1,219	1,147	1,130	1,122	1,117	1,113	681	675	671	662	641	634	629	625	640	553	570	287	292	290	288	286	100	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	119,240	124,084	123,690	113,730	112,544	113,502	111,428	76,568	67,723	68,044	67,998	65,138	67,564	64,689	62,457	63,133	64,850	65,962	66,894	66,894	71,068	56,782	57,110	56,542	44,658	43,748	42,778	35,294	34,000	33,636	33,636	28,889	27,826	29,565
Common Stock Total Equity	0	1,219	1,219	1,147	1,130	1,122	1,117	1,113	681	675	671	662	641	634	629	625	640	553	570	287	292	290	288	286	100	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	-15,425	280,811	-6,515	-11,880	-19,189	0	0	0	0	152	96,636	69,639	0	0	0	0	0	123,438	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	281,953	35,465	22,331	192,830	235,774	151,391	414,012	758,279	891,751	654,765	544,028	581,138	475,692	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,452	9,452	9,452	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	10,800	10,800	7,100	4,400	380	1,400	11,852	12,852	9,452	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	56,442	48,677	24,095	31,203	55,184	175,130	64,266	54,521	367,710	442,479	15,950	13,444	16,537	22,542	24,467	22,161	47,340	17,485	15,535	5,863	14,892	10,030	2,337	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	6,379,985	5,716,039	5,233,977	4,976,431	6,292,232	6,352,862	6,176,776	6,393,511	5,621,643	6,516,700	4,705,165	4,199,529	3,798,980	2,744,321	2,360,936	2,695,016	2,571,680	1,899,097	1,268,747	945,460	735,854	537,139	436,989	321,895	230,400	184,500	211,000	144,300	96,100	89,400	81,800	75,900	53,800	40,300
Long Term Debt	1,575,334	1,572,210	2,081,164	2,214,319	2,732,798	2,596,333	2,908,770	2,897,575	2,517,970	2,366,000	1,600,000	340,000	285,069	323,673	454,902	587,500	572,500	433,980	99,885	136,791	110,696	113,601	64,000	22,000	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	1,572,210	2,081,164	2,214,319	2,732,798	2,596,333	2,908,770	2,897,575	2,517,970	2,366,000	1,600,000	340,000	285,069	323,673	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	18,841	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	959,170	1,127,212	1,748,448	2,214,309	2,732,788	2,518,368	2,594,827	2,888,203	2,517,952	2,365,880	1,317,752	1,434,074	865,875	318,596	444,253	581,369	528,990	436,985	84,960	130,373	95,869	102,447	59,884	15,381	-1,200	11,600	15,500	40,300	17,900	1,100	-5,300	-4,600	17,400	6,100
Net Invested Capital	5,191,184	4,657,668	4,144,295	4,230,479	5,481,792	5,516,655	5,303,378	0	0	0	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	231,165	233,297	247,201	162,455	184,732	167,536	160,154	151,950	134,124	282,819	323,001	258,169	215,949	171,672	148,909	170,851	160,082	150,405	165,197	104,964	65,084	35,399	46,484	55,068	23,000	17,900	24,300	21,400	8,100	8,600	6,900	10,000	6,900	6,100
Net Tangible Assets	0	3,085,458	2,063,131	2,016,160	2,748,994	2,920,322	2,394,608	2,497,133	1,852,401	2,286,655	1,606,821	1,414,466	1,462,940	1,218,526	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	282,627	138,619	-276,140	-380,070	-219,409	-36,789	-10,097	-190,530	216,464	-39,617	8,370	-200,982	-42,601	-227,408	-87,625	15,193	-92,604	22,870	4,937	12,035	3,101	2,050	34,000	40,639	13,500	9,800	9,600	13,900	3,100	9,400	15,200	18,000	5,700	5,200
Non Current Assets Total	5,463,546	4,978,836	4,620,790	4,772,762	6,039,598	5,923,599	5,627,661	6,168,869	5,102,654	5,771,657	4,057,664	3,858,965	3,335,776	2,469,676	2,151,890	2,383,222	2,301,739	1,672,157	1,064,816	818,533	627,931	477,592	364,768	257,911	190,900	157,400	179,100	112,200	85,300	70,500	59,200	53,100	44,700	32,000
Non Current Liabilities Other	65,039	69,601	164,890	139,882	145,567	134,381	162,795	169,619	190,468	187,634	204,448	1,359,489	856,297	224,377	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,130,323	2,031,997	2,281,519	2,376,532	3,071,195	2,966,488	3,222,956	3,481,206	3,466,717	3,445,385	2,459,213	2,243,517	1,830,235	1,023,742	1,090,695	1,270,930	1,345,790	951,653	500,433	346,113	240,379	179,484	111,940	47,807	15,300	32,500	40,800	50,900	22,100	13,900	10,800	9,700	19,300	9,700
Non Currrent Assets Other	87,126	-184,754	35,023	70,896	-103,436	-125,564	104,580	144,464	-605,264	-606,036	222,145	220,253	234,918	26,741	19,358	-43,436	17,889	24,241	5,798	10,008	16,644	5,653	5,838	5,500	10,200	13,600	21,600	10,700	13,700	10,800	7,800	6,100	5,400	4,300
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
Other Assets	0	96,057	44,792	5	46,233	92,434	184,569	460,136	152,374	267,754	187,072	170,968	232,040	31,224	23,912	44,721	15,489	20,841	5,798	10,008	16,644	5,653	4,187	3,849	0	0	0	0	0	0	0	0	0	0
Other Current Assets	12,668	10,231	9,175	10,001	12,708	8,632	10,752	8,799	17,137	19,625	9,944	30,017	128,061	43,491	30,295	111,649	17,836	56,136	6,799	8,270	611	1,031	19,284	2,297	2,300	1,400	500	7,400	1,000	300	900	2,000	1,600	1,800
Other Current Liab	526,497	263,761	864,255	520,733	419,949	410,005	559,212	415,172	302,525	784,508	542,495	471,907	426,667	490,730	285,038	270,972	297,310	39,011	184,729	107,386	23,605	8,707	3,363	0	300	400	400	1,600	0	0	100	100	100	2,400
Other Liab	0	436,166	200,355	162,213	315,260	370,155	314,186	583,631	948,747	187,704	209,088	266,134	276,903	256,934	327,604	325,096	515,687	293,155	272,252	79,492	38,736	5,727	255	987	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,565,021	1,779,703	1,840,228	1,827,914	1,791,596	1,765,358	1,741,834	1,717,000	305,205	282,983	256,481	232,407	215,142	190,769	159,358	97,841	141,053	34,597	112,938	525,073	443,575	392,598	344,378	301,187	267,200	192,200	188,600	131,100	124,300	117,300	102,500	91,500	70,800	60,400
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	12,266,342	4,882,779	4,575,998	4,701,866	5,953,648	5,825,885	5,443,092	5,708,733	4,949,639	5,486,012	3,824,770	3,630,133	3,096,636	2,434,052	2,127,598	2,337,101	2,274,398	1,638,464	1,049,566	808,525	611,287	471,939	358,930	252,411	180,700	143,800	157,500	101,500	71,600	59,700	51,400	47,000	39,300	27,700
Property Plant And Equipment Net	5,376,420	4,882,779	4,575,998	4,701,866	5,953,648	5,825,885	5,443,092	5,708,733	4,949,639	5,486,012	3,824,770	3,630,133	3,096,636	2,434,052	2,127,598	2,337,101	2,274,398	1,638,464	1,049,566	808,525	611,287	471,939	358,930	252,411	180,700	143,800	157,500	101,500	71,600	59,700	51,400	47,000	39,300	27,700
Property Plant Equipment	0	4,882,779	4,575,998	4,701,866	5,953,648	5,831,165	5,554,792	6,081,354	4,950,280	5,503,903	3,859,792	3,677,197	3,096,636	2,434,052	2,127,598	2,337,101	2,274,398	1,638,464	1,049,566	808,525	611,287	471,939	358,930	252,411	0	0	0	0	0	0	0	0	0	0
Retained Earnings	2,052,279	1,308,558	234,533	200,697	967,587	1,165,842	665,657	794,020	1,559,515	2,013,997	1,354,669	1,190,397	1,251,157	1,042,123	851,583	964,019	878,652	695,224	510,812	364,567	274,937	182,512	157,739	120,075	67,200	69,300	80,300	59,300	50,400	50,000	47,700	45,400	31,000	28,900
Retained Earnings Total Equity	0	1,308,558	234,533	200,697	967,587	1,165,842	665,657	794,020	1,559,515	2,013,997	1,354,669	1,190,397	1,251,157	1,042,123	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	2,908,770	2,897,575	2,517,970	2,332,445	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	1,575,334	1,572,210	2,081,164	2,214,319	2,732,798	2,596,333	2,908,770	2,897,575	2,517,970	2,366,000	1,600,000	1,440,000	985,069	323,673	454,902	587,500	572,500	438,449	99,885	136,791	110,696	113,601	64,000	22,000	13,000	19,400	22,600	43,600	19,600	11,100	9,500	6,200	18,000	6,500
Short Term Debt	15,425	10,114	6,515	11,880	19,189	62,853	172,582	115,464	8	2,332,445	26,380	8,999	42,806	82,044	0	0	0	4,469	0	0	0	0	0	0	0	0	0	0	0	0	2,100	1,200	2,200	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,295	1,002	1,173	1,450	1,475	1,412	12,509	1,933	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,379,985	5,716,039	5,233,977	4,976,431	6,292,232	6,352,862	6,176,776	6,393,511	5,621,643	6,516,700	4,705,165	4,199,529	3,798,980	2,744,321	2,360,936	2,695,016	2,571,680	1,899,097	1,268,747	945,460	735,854	537,139	436,989	321,895	230,400	184,500	211,000	144,300	96,100	89,400	81,800	75,900	53,800	40,300
Total Current Assets	916,439	737,203	613,187	203,669	252,634	429,263	549,115	224,642	518,989	745,043	647,501	340,564	463,204	274,645	209,046	311,794	269,941	226,940	203,931	126,927	107,923	59,547	72,221	63,984	39,500	27,100	31,900	32,100	10,800	18,900	22,600	22,800	9,100	8,300
Total Current Liabilities	633,812	598,584	889,327	583,739	472,043	466,052	559,212	415,172	302,525	784,660	639,131	541,546	505,805	502,053	296,671	296,601	362,545	204,070	198,994	114,892	104,822	57,497	38,221	23,345	26,000	17,300	22,300	18,200	7,700	9,500	7,400	4,800	3,400	3,100
Total Liab	2,764,135	2,630,581	3,170,846	2,960,271	3,543,238	3,432,540	3,782,168	3,896,378	3,769,242	4,230,045	3,098,344	2,785,063	2,336,040	1,525,795	1,387,366	1,567,531	1,708,335	1,155,723	699,427	461,005	345,201	236,981	150,161	71,152	41,300	49,800	63,100	69,100	29,800	23,400	18,200	14,500	22,700	12,800
Total Permanent Equity	0	0	0	0	0	0	0	2,497,133	0	0	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	3,615,850	3,085,458	2,063,131	2,016,160	2,748,994	2,920,322	2,394,608	2,497,133	1,852,401	2,286,655	1,606,821	1,414,466	1,462,940	1,218,526	973,570	1,127,485	863,345	743,374	569,320	484,455	390,653	299,513	286,117	250,136	188,800	134,700	147,900	75,200	66,300	66,000	63,600	61,400	31,100	27,500
Treasury Stock	0	0	0	0	0	0	0	0	0	0	-823	-1,221	-1,544	-423	-1,204	-1,892	-29,049	-4,272	-5,148	-5,295	-16,057	-16,210	-16,210	-3,339	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31
Accounts Payable	107,315	540,459	530,459	522,279	43,898	631,984	583,236	514,558	25,072	542,474	496,285	394,226	63,006	287,777	257,053	359,406	52,094	431,440	407,883	426,550	56,047	429,698	446,318	468,108	386,630	348,885	311,476	299,676	299,708	277,571	257,349	293,796	302,517	482,297	514,050	696,255	783,660	664,925	592,493	443,395	606,751	601,131	577,452	480,318	525,627	474,573	460,611	413,211	79,138	400,420	413,048	375,721	11,323	317,322	275,000	271,986	11,633	215,363	207,342	201,282	25,629	348,549	302,872	285,481	65,235	236,044	226,080	195,288	37,152	169,657	160,423	160,909	14,265	158,031	119,058	110,415	7,506	110,802	86,507	74,278	81,217	76,130	63,050	74,936	48,790	41,602	39,914	33,777	34,858	31,935	23,141	33,864	23,345	23,093	20,544	19,165	25,700	10,700	10,300	15,200	16,900	17,400	18,400	25,000	21,900	25,600	24,200	22,600	16,600	19,700	13,800	13,800	7,700	6,700	6,200	4,700	9,500	2,600	3,600	3,800	5,200	3,400	3,700	3,400	3,500	-	-	-	1,100	-	-	-	700	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-2,607	-3,982	-3,996	-4,009	-4,022	-12,303	-12,485	-12,667	-12,849	-12,569	-12,815	-13,407	-13,598	-9,746	-10,941	-11,129	-11,319	-11,808	-11,998	-12,117	-12,380	-16,038	-16,301	-16,499	-13,789	-15,207	-14,999	-15,123	-14,556	-14,162	-13,907	-13,638	-13,402	-12,084	-12,064	-11,488	-11,312	-4,890	-5,086	-5,416	-5,416	-7,902	-8,210	-8,956	-9,014	-5,744	-5,430	-5,314	-4,280	-6,333	-10,604	-14,555	-15,482	14,089	15,033	-6,195	-37,954	-5,492	7,951	77,694	65,293	-171,265	-550,162	-230,808	-156,968	-47,183	-45,773	-34,549	12,929	4,587	-52,246	-45,088	-60,192	-56,073	-24,930	-27,763	-2,765	-20,086	-19,150	-16,440	-14,881	-9,322	-17,761	-10,035	-7,767	2,015	3,724	6,942	6,916	3,921	-1,043	-14,489	141	371	372	514	300	200	-136,700	-131,500	-126,800	-138,500	-132,900	-126,300	-121,000	-120,700	-116,600	-118,800	-115,200	-117,600	-111,700	-111,700	-108,400	-109,400	-107,500	-104,100	-101,300	-94,700	-91,800	-89,200	-86,600	-81,600	-79,300	-77,000	-75,500	-	-	-	-70,700	-	-	-	-61,800	-	-	-
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	1,734,217	1,729,104	1,723,010	1,716,556	866,239	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	1,157	1,163	1,181	1,205	1,219	1,228	1,220	1,219	1,219	1,215	1,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	1,581,110	1,680,080	1,743,567	1,779,703	1,810,352	1,850,601	1,844,478	1,840,228	1,838,620	1,838,859	1,833,651	1,827,914	1,827,836	1,825,327	1,797,154	1,791,596	1,784,787	1,779,665	1,771,558	1,765,738	1,758,205	1,754,169	1,747,035	1,741,623	1,734,217	1,729,104	1,723,010	1,716,556	866,239	321,841	312,473	305,607	298,438	299,637	289,294	283,295	273,783	273,664	264,064	257,720	247,165	254,940	242,526	233,642	222,812	234,562	222,353	216,966	223,120	215,704	206,304	191,674	183,203	174,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	616,164	401,980	378,238	477,869	444,998	498,435	267,089	419,887	332,716	29,800	0	0	10	10	10	15	10	10	12	14	77,965	176,806	615,906	643,337	313,943	441,415	559,521	659,147	9,372	980,666	18	51	18	197	82	22	120	269	163,794	236,435	282,248	176	176	87	5,926	184	184	286	119,194	29,923	101,080	191,294	5,077	7,089	10,249	40,424	10,649	20,517	10,389	2,211	6,131	5,396	36,919	7,511	43,510	17,240	26,179	4,733	1,464	1,016	1,825	61,062	14,925	26,597	10,568	17,520	6,418	24,688	27,581	17,806	14,827	7,114	10,846	17,291	11,154	49,070	47,856	63,191	4,116	6,198	6,245	2,782	6,619	6,571	2,867	8,651	14,200	6,600	5,200	5,700	7,800	3,100	4,500	3,800	7,100	18,800	23,600	27,100	3,300	4,400	3,900	3,900	1,700	1,000	2,200	5,400	10,000	7,900	6,400	8,700	14,800	15,700	13,200	14,100	10,800	-	-	-	600	-	-	-	400	-	-	-
Cash And Equivalents	0	401,980	378,238	477,869	444,998	498,435	267,089	419,887	332,716	29,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	616,164	401,980	378,238	477,869	444,998	498,435	267,089	419,887	332,716	29,800	0	0	10	10	10	15	10	10	12	14	77,965	176,806	615,906	643,337	313,943	441,415	559,521	659,147	9,372	980,666	18	51	18	197	82	22	120	269	163,794	236,435	282,248	176	176	87	5,926	184	184	286	119,194	29,923	101,080	191,294	5,077	7,089	55,730	40,424	40,944	20,517	77,532	122,332	118,782	6,408	37,919	8,698	44,683	18,398	27,322	6,183	2,914	2,466	3,300	62,537	16,400	28,072	12,068	19,020	7,830	26,119	29,028	29,306	27,336	9,633	13,127	19,802	13,087	59,544	57,232	63,191	4,116	6,198	6,245	2,782	6,619	6,571	2,867	8,651	14,200	6,600	5,200	5,700	7,800	3,100	4,500	3,800	7,100	18,800	23,600	27,100	3,300	4,400	3,900	3,900	1,700	1,000	2,200	5,400	10,000	7,900	6,400	8,700	14,800	15,700	13,200	14,100	10,800	-	-	-	600	-	-	-	400	-	-	-
Common Stock	1,157	1,163	1,181	1,205	1,219	1,228	1,220	1,219	1,219	1,215	1,210	1,147	1,147	1,146	1,136	1,130	1,130	1,129	1,125	1,122	1,122	1,121	1,118	1,117	1,117	1,116	1,115	1,113	1,113	869	683	681	681	680	676	675	675	674	671	671	671	670	664	663	662	661	652	642	641	641	638	637	634	631	631	630	629	626	626	626	625	624	623	615	640	637	636	630	553	551	583	572	570	582	580	577	287	286	297	295	292	292	291	291	290	289	289	288	288	287	287	287	286	284	141	140	100	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	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	116,587	118,328	120,074	122,294	123,399	124,279	124,343	124,179	124,019	123,851	118,357	114,759	114,528	114,371	113,008	113,009	112,847	113,334	112,932	112,252	113,286	112,107	113,630	112,879	111,611	111,575	111,277	111,329	91,440	78,468	68,102	68,077	67,976	68,119	67,483	67,463	67,463	68,430	68,239	68,126	68,354	68,253	67,893	67,521	66,101	65,745	67,556	67,845	64,104	67,386	66,909	63,447	63,447	64,794	64,566	64,377	62,792	62,505	62,418	62,335	62,335	63,078	62,749	64,045	62,861	64,727	65,120	64,908	57,011	64,926	66,950	67,334	57,233	66,738	66,769	67,047	114,462	66,197	132,242	136,766	59,550	71,656	71,596	69,722	60,708	56,896	56,856	56,588	55,572	56,504	57,434	57,864	56,472	57,070	28,170	55,684	55,048	45,455	43,736	40,000	40,000	42,778	42,000	42,500	42,500	45,556	43,704	38,667	38,667	34,444	33,333	33,333	30,000	30,000	30,000	37,143	35,000	35,000	35,385	30,000	34,000	34,000	34,286	32,500	29,032	29,032	28,387	27,742	32,000	32,000	32,000	28,000	30,000	30,000	32,000	28,000
Common Stock Total Equity	0	0	1,181	1,205	1,219	1,228	1,220	1,219	1,219	1,215	1,210	1,147	1,147	1,146	1,136	1,130	1,130	1,129	1,125	1,122	1,122	1,121	1,118	1,117	1,117	1,116	1,115	1,113	1,113	869	683	681	681	680	676	675	675	674	671	671	671	670	664	663	662	661	652	642	641	641	638	637	634	631	631	630	629	626	626	626	625	624	623	615	640	637	636	630	553	551	583	572	570	582	580	577	287	286	297	295	292	292	291	291	290	289	288	288	288	287	287	287	286	284	141	140	100	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	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	-15,425	0	0	0	280,811	212,470	102,371	0	9,769	0	0	0	0	0	0	0	189,386	0	0	0	223,278	0	0	0	79,989	0	0	0	315,672	0	0	0	758,279	0	0	0	152	0	0	0	96,636	0	0	0	69,639	0	0	0	4,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	92,955	0	0	0	14,667	0	1,673	0	5,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	9,100	380,957	334,421	281,953	226,976	138,718	73,399	35,465	3,100	3,500	67,595	22,331	67,650	81,077	101,120	192,830	223,483	202,577	189,680	235,774	213,554	245,292	232,135	151,391	276,396	315,421	385,637	414,012	558,417	577,015	641,619	758,279	835,371	860,614	866,124	891,751	854,941	778,255	696,879	654,765	645,873	600,187	561,008	544,028	582,379	597,681	609,057	581,138	612,577	534,638	489,603	475,692	447,471	433,043	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,452	9,452	9,452	9,452	9,452	9,452	9,452	9,452	9,452	9,452	0	9,452	9,797	9,612	9,612	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	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,800	0	0	0	10,800	0	0	0	7,100	0	0	0	4,400	0	0	0	380	0	0	0	1,400	9,452	9,452	9,452	11,852	9,452	9,452	9,452	12,852	9,452	9,452	0	9,452	9,797	9,612	9,612	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	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	56,442	25,524	74,138	81,062	48,677	42,207	18,308	9,649	24,095	24,514	0	0	31,203	128,046	211,582	463,992	55,184	143,142	114,242	67,567	175,130	81,163	146,329	77,296	64,266	63,685	85,962	73,978	54,521	109,818	145,576	281,596	367,710	347,299	269,022	380,633	442,479	50,379	15,699	18,677	15,950	14,115	14,012	14,110	13,444	12,718	12,966	14,150	16,537	14,959	15,915	18,215	22,542	27,810	31,305	25,094	0	30,411	37,565	36,759	0	44,785	161,360	70,978	47,340	22,773	21,587	20,980	17,485	22,331	15,961	6,866	15,535	32,827	14,261	15,081	5,863	13,158	13,404	15,174	14,892	9,241	14,888	9,894	10,030	3,780	4,031	6,702	2,337	2,414	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	6,379,985	6,078,570	5,992,626	5,870,158	5,716,039	5,651,513	5,339,124	5,395,781	5,233,977	5,061,960	5,052,998	5,015,645	4,976,431	5,122,285	5,267,628	5,615,025	6,292,232	6,453,083	6,391,939	6,286,618	6,352,862	6,273,721	6,736,485	6,659,988	6,176,776	6,178,926	6,212,605	6,399,708	6,393,511	5,785,433	5,044,475	5,207,056	5,621,643	6,213,861	6,213,618	6,600,686	6,516,700	5,660,746	5,004,035	4,689,011	4,705,165	4,736,845	4,590,668	4,292,324	4,199,529	4,123,952	3,999,571	3,845,098	3,798,980	3,456,280	3,219,893	3,053,524	2,744,321	2,518,997	2,417,385	2,388,314	2,360,936	2,343,759	2,395,739	2,489,181	2,695,016	2,873,528	2,920,838	2,670,287	2,571,680	2,286,001	2,131,631	1,965,123	1,899,097	1,544,014	1,403,208	1,353,684	1,268,747	1,221,346	1,077,051	1,028,635	945,460	839,675	784,070	766,478	735,854	689,460	685,204	694,354	537,139	504,356	490,797	496,731	436,989	374,732	349,274	345,633	321,895	281,683	257,314	235,223	230,400	192,500	182,800	180,700	184,500	206,700	215,800	214,100	211,000	198,400	190,500	180,500	144,300	132,700	104,500	104,500	96,100	91,100	87,100	86,800	89,400	87,200	83,700	82,900	81,800	82,100	82,600	76,600	75,900	-	-	-	53,800	-	-	-	40,300	-	-	-
Long Term Debt	1,575,334	1,574,553	1,573,772	1,572,991	1,572,210	1,571,429	1,570,648	1,980,392	2,081,164	2,077,630	2,192,125	2,260,651	2,214,319	2,353,038	2,456,119	2,645,384	2,732,798	2,735,769	2,721,240	2,646,287	2,596,333	2,592,952	2,573,424	2,912,248	2,908,770	2,905,358	2,901,948	2,898,603	2,897,575	2,894,323	2,603,080	2,564,472	2,517,970	2,534,000	2,472,000	2,616,500	2,366,000	1,990,000	1,600,000	1,600,000	1,600,000	28,000	28,000	430,000	340,000	228,000	61,000	311,500	285,069	632,639	630,291	627,942	323,673	275,404	271,212	269,020	454,902	499,784	537,737	559,805	587,500	457,500	582,500	564,000	572,500	442,500	383,500	350,000	433,980	165,956	150,933	99,909	99,885	151,862	150,838	146,814	136,791	99,767	99,743	130,720	110,696	137,307	143,649	170,625	113,601	99,578	99,554	119,530	64,000	14,350	13,400	0	22,000	3,000	13,850	14,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	1,574,553	1,573,772	1,572,991	1,572,210	1,571,429	1,570,648	1,980,392	2,081,164	2,077,630	2,192,125	2,260,651	2,214,319	2,353,038	2,456,119	2,645,384	2,732,798	2,735,769	2,721,240	2,646,287	2,596,333	2,592,952	2,573,424	2,912,248	2,908,770	2,905,358	2,901,948	2,898,603	2,897,575	2,894,323	2,603,080	2,564,472	2,517,970	2,534,000	2,472,000	2,616,500	2,366,000	1,990,000	1,600,000	1,600,000	1,600,000	28,000	28,000	430,000	340,000	228,000	61,000	311,500	285,069	632,639	630,291	627,942	323,673	275,404	271,212	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34,390	44,909	0	38,571	30,180	27,202	0	8,853	31,151	35,128	0	60,035	82,194	84,195	0	107,029	113,119	160,732	0	147,530	131,464	204,841	0	22,510	1,300	13,886	0	28,659	28,798	8,571	0	0	0	0	0	0	10,624	12,325	18,841	29,444	30,169	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	959,170	1,172,573	1,195,534	1,095,122	1,127,212	1,072,994	1,303,559	1,560,505	1,748,448	2,047,830	2,192,125	2,260,651	2,214,309	2,353,028	2,456,109	2,645,369	2,732,788	2,735,759	2,721,228	2,646,273	2,518,368	2,416,146	2,299,819	2,268,911	2,594,827	2,463,943	2,342,427	2,239,456	2,888,203	1,913,657	2,603,062	2,564,421	2,517,952	2,533,803	2,471,918	2,616,478	2,365,880	1,989,731	1,436,206	1,363,565	1,317,752	1,627,824	1,627,824	1,529,913	1,434,074	1,327,816	1,160,816	1,011,214	865,875	602,716	529,211	436,648	318,596	268,315	260,963	228,596	444,253	479,267	527,348	557,594	581,369	452,104	545,581	556,489	528,990	425,260	357,321	345,267	436,985	164,940	149,108	38,847	84,960	125,265	140,270	129,294	130,373	75,079	72,162	112,914	95,869	105,558	132,803	153,334	102,447	50,530	51,698	56,339	59,884	8,152	7,155	-2,782	15,381	-3,571	10,983	5,349	-1,200	18,400	14,900	12,200	11,600	29,500	22,100	17,600	15,500	-11,000	-16,200	-19,200	40,300	31,900	17,500	17,500	17,900	13,800	9,300	7,100	1,100	-600	3,500	2,300	-5,300	-5,900	-2,900	-8,300	-4,600	-	-	-	17,400	-	-	-	6,100	-	-	-
Net Invested Capital	5,191,184	4,978,846	4,872,239	4,802,786	4,657,668	4,439,091	4,015,548	4,095,501	4,144,295	3,714,529	3,744,634	4,030,323	4,230,479	4,538,146	4,736,951	4,987,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	231,165	264,511	217,794	187,810	233,297	258,003	333,944	321,076	247,201	272,248	229,512	199,631	162,455	136,613	127,173	143,311	184,732	146,211	165,757	145,299	167,536	179,347	178,682	192,562	160,154	146,056	105,713	108,368	151,950	140,799	143,979	111,141	134,124	171,067	239,983	270,841	282,819	304,175	312,415	307,784	323,001	280,979	293,913	259,001	258,169	239,129	212,236	226,910	215,949	183,943	176,691	151,557	171,672	122,381	131,642	149,072	148,909	101,530	108,384	113,779	170,851	187,181	204,371	200,385	160,082	153,796	144,241	146,929	150,405	155,883	133,848	138,299	165,197	139,478	107,128	96,669	104,964	91,397	79,624	70,375	65,084	58,745	57,952	68,046	35,399	34,598	35,041	32,334	46,484	36,207	47,722	52,014	55,068	53,185	46,771	30,894	23,000	15,000	12,800	14,400	17,900	18,500	17,300	22,000	24,300	22,300	20,000	19,700	21,400	20,700	14,000	14,000	8,100	7,900	8,100	7,300	8,600	9,400	9,200	7,600	6,900	6,200	7,500	7,200	10,000	-	-	-	6,900	-	-	-	6,100	-	-	-
Net Tangible Assets	0	3,404,293	3,298,467	3,229,795	3,085,458	2,867,662	2,444,900	2,115,109	2,063,131	1,636,899	1,552,509	1,769,672	2,016,160	2,185,108	2,280,832	2,341,717	2,748,994	2,843,750	2,801,843	2,743,225	2,920,322	2,599,399	2,736,627	2,712,097	2,394,608	2,412,041	2,501,828	2,615,515	2,497,133	1,847,915	1,348,836	1,508,416	1,852,401	2,186,837	2,188,307	2,236,228	2,286,655	1,951,840	1,745,952	1,675,419	1,606,821	1,586,784	1,526,903	1,436,825	1,414,466	1,474,042	1,527,696	1,490,424	1,462,940	1,587,753	1,349,166	1,212,448	1,218,526	1,202,451	1,182,833	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	282,627	103,468	114,997	193,130	138,619	-6,239	-380,620	-299,886	-276,140	-767,297	-782,258	-546,337	-380,070	-102,388	47,569	241,697	-219,409	-179,928	-215,211	-324,008	-36,789	-280,715	-92,747	274,016	-10,097	232,236	421,545	496,061	-190,530	917,979	-16,367	102,481	216,464	52,480	3,551	-26,612	-39,617	-297,969	-177,666	62,063	8,370	-283,909	-192,564	-189,964	-200,982	-173,987	-141,524	-127,781	-42,601	-118,822	-137,025	-86,459	-227,408	-172,538	-111,247	-74,667	-87,625	-68,880	-47,836	14,302	15,193	-180,334	-249,900	-160,584	-92,604	-52,828	-30,858	-24,669	22,870	26,710	-16,369	43,140	4,937	-23,820	739	-959	12,035	2,362	13,579	21,143	3,101	-7,278	1,966	11,546	2,050	63,208	59,980	76,600	34,000	23,395	33,110	8,070	40,639	40,648	30,749	21,693	13,500	11,600	8,500	5,600	9,800	5,000	3,600	1,100	9,600	15,500	22,700	26,000	13,900	7,600	5,200	5,200	3,100	3,000	4,300	8,200	9,400	9,500	9,200	10,000	15,200	15,600	16,300	18,200	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	5,463,546	5,376,018	5,313,641	5,113,882	4,978,836	4,843,735	4,705,991	4,636,946	4,620,790	4,725,690	4,783,588	4,785,363	4,772,762	4,847,395	4,912,159	4,989,865	6,039,598	6,141,969	6,103,205	6,065,284	5,923,599	5,820,579	5,781,275	5,736,796	5,627,661	5,510,014	5,443,288	5,550,162	6,168,869	4,538,824	4,740,001	4,801,418	5,102,654	5,676,184	5,687,910	5,931,043	5,771,657	5,289,141	4,497,120	4,111,669	4,057,664	4,390,975	4,195,032	3,972,134	3,858,965	3,798,014	3,665,334	3,501,354	3,335,776	3,151,576	2,873,770	2,650,034	2,469,676	2,320,481	2,215,729	2,130,682	2,151,890	2,163,482	2,195,712	2,230,140	2,383,222	2,586,999	2,485,314	2,389,045	2,301,739	2,058,989	1,909,027	1,768,389	1,672,157	1,314,909	1,219,879	1,121,470	1,064,816	1,020,479	938,852	897,738	818,533	703,775	661,625	645,349	627,931	607,490	598,949	592,790	477,592	398,567	389,192	382,714	364,768	317,542	290,694	280,905	257,911	217,475	205,561	193,918	190,900	169,900	163,700	159,600	157,400	184,000	193,400	188,000	179,100	156,900	143,200	131,500	112,200	105,400	85,500	85,500	85,300	81,400	76,600	73,700	70,500	69,900	67,900	66,300	59,200	60,200	60,100	53,400	53,100	-	-	-	44,700	-	-	-	32,000	-	-	-
Non Current Liabilities Other	65,039	56,334	61,443	169,805	69,601	171,429	171,105	168,160	164,890	67,695	55,033	141,108	139,882	139,211	141,700	143,341	145,567	159,039	162,334	162,084	134,381	133,959	133,185	154,332	162,795	148,455	145,636	146,468	169,619	156,148	194,703	189,392	190,468	172,456	170,540	185,579	187,634	194,391	195,247	201,434	204,448	1,846,409	1,847,378	1,354,337	1,359,489	1,339,606	1,337,433	962,592	856,297	199,785	222,650	233,582	224,377	222,617	217,394	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,130,323	2,075,193	2,130,171	2,077,217	2,031,997	1,969,834	1,880,471	2,221,951	2,281,519	2,321,494	2,448,821	2,469,354	2,376,532	2,559,899	2,678,896	2,889,845	3,071,195	3,118,291	3,086,151	2,998,051	2,966,488	2,940,465	2,951,901	3,298,715	3,222,956	3,330,209	3,363,005	3,430,708	3,481,206	3,608,888	3,374,798	3,395,483	3,466,717	3,541,827	3,503,154	3,668,203	3,445,385	3,039,332	2,573,502	2,498,313	2,459,213	2,520,282	2,475,565	2,345,345	2,243,517	2,149,985	1,996,114	1,883,149	1,830,235	1,445,001	1,387,579	1,351,127	1,023,742	945,492	921,649	922,424	1,090,695	1,098,485	1,136,448	1,159,566	1,270,930	1,397,755	1,695,031	1,424,965	1,345,790	1,072,967	979,365	899,352	951,653	655,205	631,651	530,455	500,433	479,725	421,171	396,489	346,113	271,816	248,221	269,845	240,379	228,042	252,165	272,062	179,484	158,689	152,879	169,685	111,940	57,460	49,452	32,084	47,807	25,181	21,980	19,167	15,300	40,000	33,500	31,000	32,500	48,900	46,300	40,000	40,800	25,500	23,000	19,800	50,900	41,900	24,200	24,200	22,100	17,900	14,100	15,100	13,900	11,100	10,700	11,800	10,800	11,300	13,300	9,300	9,700	-	-	-	19,300	-	-	-	9,700	-	-	-
Non Currrent Assets Other	87,126	-240,716	-292,649	-246,452	96,057	-115,590	-48,360	32,205	44,792	60,207	68,779	72,747	70,896	47,712	29,285	7,609	85,950	-104,643	-72,270	-65,454	97,714	-91,517	-109,844	123,442	184,569	-108,645	-148,629	-204,289	460,136	829,935	-160,685	-212,741	153,015	-579,034	-649,362	-392,825	285,645	84,499	74,768	138,022	232,894	613,233	294,129	229,259	228,832	190,470	232,587	218,400	239,140	103,838	55,194	50,875	26,741	45,106	57,082	71,659	24,292	13,713	13,074	1,735	46,121	18,983	40,022	14,178	17,889	43,135	18,546	13,259	24,241	23,222	13,428	14,125	5,798	5,405	9,722	5,544	10,008	6,791	5,649	16,313	16,644	6,557	6,577	6,668	5,653	9,135	10,165	9,110	5,838	5,558	5,664	-2,334	5,500	9,594	9,507	10,672	10,200	10,300	11,500	13,300	13,600	17,100	22,400	21,100	21,600	22,700	21,500	21,000	10,700	12,600	12,700	12,700	13,700	11,100	11,400	11,000	10,800	11,400	11,200	10,500	7,800	7,400	7,500	5,900	6,100	-	-	-	5,400	-	-	-	4,300	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	5,292,294	82,414	84,330	96,057	96,880	54,011	53,973	44,792	60,207	68,779	72,747	5	57,566	58,556	68,162	46,233	68,388	66,791	59,446	97,714	49,432	67,865	301,865	72,869	92,931	96,877	100,042	87,515	174,130	138,669	197,639	152,374	225,145	202,865	287,950	267,754	73,700	62,919	106,973	197,872	209,637	205,943	191,024	181,768	196,216	238,385	223,350	239,140	109,041	62,280	59,378	35,624	46,249	62,052	74,290	24,292	22,137	30,012	43,945	46,121	28,435	49,474	23,630	27,341	52,587	27,998	22,711	33,693	32,674	22,880	15,884	15,250	15,202	19,334	15,156	10,008	6,791	5,649	16,313	16,644	6,557	6,577	6,668	5,653	9,135	10,165	9,110	5,838	5,558	5,664	5,640	5,500	9,594	9,507	10,672	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	12,668	10,537	8,815	9,535	10,231	9,133	13,792	8,223	9,175	9,708	8,595	9,792	10,001	10,221	16,704	17,842	12,708	21,751	8,723	8,454	8,632	15,826	14,293	9,997	10,752	17,756	18,121	8,053	8,799	15,326	14,901	12,850	17,137	19,114	16,621	18,147	19,625	16,782	15,007	14,446	9,944	10,498	30,340	28,523	30,017	86,625	121,817	116,548	128,061	90,838	68,352	60,639	97,896	56,199	14,284	58,364	19,193	41,428	14,111	22,930	22,161	48,155	31,874	1,181	17,836	32,045	29,454	22,642	56,136	48,425	30,220	24,512	6,799	490	4,742	127	8,270	5,226	389	6,274	611	4,351	288	3,822	1,031	7,867	5,301	11,790	19,284	12,371	4,613	9,932	2,297	4,452	2,115	1,760	2,300	1,000	1,100	1,000	1,400	1,100	600	300	500	400	3,700	2,200	7,400	2,200	1,100	1,100	1,000	800	200	400	300	0	200	300	900	0	1,800	1,900	2,000	-	-	-	1,600	-	-	-	1,800	-	-	-
Other Current Liab	526,497	58,625	33,529	40,867	263,761	601,547	328,146	1,058,721	326,021	1,103,567	1,051,668	776,619	520,733	377,278	307,900	383,463	70,035	491,042	503,945	545,342	62,853	733,857	705,656	649,176	479,223	436,676	347,772	353,485	99,500	328,630	320,841	303,157	-455,754	485,197	522,157	696,255	784,508	669,574	684,581	515,279	542,495	629,779	588,200	510,154	471,907	499,925	475,761	471,525	6,000	423,526	483,148	489,949	490,730	371,054	312,903	332,299	285,038	249,157	247,863	244,739	270,972	118,314	382,552	156,345	10,000	43,796	27,382	26,115	147,782	32,738	37,602	28,165	184,729	66,656	18,402	21,441	107,386	22,736	22,359	25,708	23,605	13,118	21,239	15,082	8,707	979	1,711	3,640	3,363	1,860	2,329	22,794	0	467	460	447	300	300	300	300	400	300	400	0	400	400	400	400	1,600	0	0	0	0	0	0	200	0	5,200	600	300	100	800	400	400	100	-	-	-	100	-	-	-	2,400	-	-	-
Other Liab	0	500,640	0	0	436,166	398,405	309,823	241,559	200,355	243,864	256,696	208,703	162,213	192,390	205,344	224,451	315,260	357,138	336,726	320,791	370,155	347,513	378,477	386,467	234,197	216,131	215,551	227,774	267,959	260,853	299,363	267,906	190,468	174,475	171,566	185,977	187,704	202,634	248,094	209,319	209,088	253,282	248,903	267,006	266,134	248,408	238,389	287,989	276,903	202,969	260,883	298,156	256,934	248,067	241,440	269,112	327,604	313,659	318,567	294,290	325,096	597,209	925,941	571,915	515,687	349,217	349,357	321,328	293,155	285,412	326,029	292,461	272,252	176,734	109,000	95,951	79,492	54,883	44,990	40,999	38,736	9,763	36,978	33,652	5,727	1,914	867	1,981	255	616	985	1,369	987	1,095	931	1,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	1,565,021	1,581,110	1,680,080	1,743,567	1,779,703	1,810,352	1,850,601	1,844,478	1,840,228	1,838,620	1,838,859	1,833,651	1,827,914	1,828,090	1,825,386	1,797,025	1,791,277	1,784,979	1,779,667	1,771,441	1,765,358	1,758,167	1,753,868	1,746,536	1,741,834	1,734,010	1,729,105	1,722,887	1,717,000	866,077	321,934	312,835	305,205	298,354	299,573	288,806	282,983	273,893	273,578	262,825	256,481	246,440	253,907	241,349	232,407	221,847	232,869	220,495	215,142	221,243	214,556	206,363	190,769	182,836	174,517	164,341	159,358	149,898	144,667	139,793	97,841	89,227	84,638	62,311	141,053	133,771	152,899	146,703	34,597	29,170	24,717	120,093	112,938	105,776	99,772	122,905	525,073	484,815	466,346	431,529	443,575	415,980	393,672	392,737	392,598	375,016	367,265	360,836	344,378	328,654	314,488	297,936	301,187	297,526	286,482	274,948	267,200	201,600	205,100	196,500	192,200	203,900	200,600	194,000	188,600	188,300	183,700	186,000	131,100	133,500	127,700	127,700	124,300	125,300	123,400	120,000	117,300	110,700	108,300	105,800	102,500	97,600	95,200	92,900	91,500	-	-	-	70,800	-	-	-	60,400	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	12,266,342	12,031,912	5,231,227	5,029,552	4,882,779	4,746,855	4,651,980	4,582,973	4,575,998	4,665,483	4,714,809	4,712,616	4,701,866	4,765,101	4,825,825	4,888,338	5,953,648	6,029,143	5,985,329	5,954,390	5,825,885	5,771,147	5,713,410	5,434,931	5,443,092	5,409,939	5,327,672	4,994,177	5,708,733	3,255,177	4,428,331	4,451,054	4,949,639	5,421,866	5,477,684	5,458,142	5,486,012	5,195,558	4,410,266	3,962,420	3,824,770	3,766,830	3,887,767	3,733,660	3,630,133	3,601,798	3,426,949	3,278,004	3,096,636	3,042,535	2,811,490	2,590,656	2,434,052	2,274,232	2,153,677	2,056,392	2,127,598	2,141,345	2,165,700	2,186,195	2,337,101	2,558,564	2,435,840	2,365,415	2,274,398	2,006,402	1,881,029	1,745,678	1,638,464	1,282,235	1,196,999	1,105,586	1,049,566	1,005,277	919,518	882,582	808,525	696,984	655,976	629,036	611,287	600,933	592,372	586,122	471,939	389,432	358,930	373,604	358,930	311,984	285,030	275,265	252,411	207,881	196,054	183,246	180,700	159,600	152,200	146,300	143,800	166,900	171,000	166,900	157,500	134,200	121,700	110,500	88,600	92,800	88,600	72,800	71,600	70,300	65,200	62,700	59,700	58,500	56,700	55,800	51,400	52,800	52,600	47,500	47,000	-	-	-	39,300	-	-	-	27,700	-	-	-
Property Plant And Equipment Net	5,376,420	5,292,294	5,231,227	5,029,552	4,882,779	4,746,855	4,651,980	4,582,973	4,575,998	4,665,483	4,714,809	4,712,616	4,701,866	4,765,101	4,825,825	4,888,338	5,953,648	6,029,143	5,985,329	5,954,390	5,825,885	5,771,147	5,713,410	5,434,931	5,443,092	5,409,939	5,346,411	5,450,120	5,708,733	3,255,177	4,428,331	4,451,054	4,949,639	5,421,866	5,477,684	5,458,142	5,486,012	5,195,558	4,410,266	3,962,420	3,824,770	3,766,830	3,887,767	3,733,660	3,630,133	3,601,798	3,426,949	3,278,004	3,096,636	3,042,535	2,811,490	2,590,656	2,434,052	2,274,232	2,153,677	2,056,392	2,127,598	2,141,345	2,165,700	2,186,195	2,337,101	2,558,564	2,435,840	2,365,415	2,274,398	2,006,402	1,881,029	1,745,678	1,638,464	1,282,235	1,196,999	1,105,586	1,049,566	1,005,277	919,518	882,582	808,525	696,984	655,976	629,036	611,287	600,933	592,372	586,122	471,939	389,432	379,027	373,604	358,930	311,984	285,030	275,265	252,411	207,881	196,054	183,246	180,700	159,600	152,200	146,300	143,800	166,900	171,000	166,900	157,500	134,200	121,700	110,500	101,500	92,800	72,800	72,800	71,600	70,300	65,200	62,700	59,700	58,500	56,700	55,800	51,400	52,800	52,600	47,500	47,000	-	-	-	39,300	-	-	-	27,700	-	-	-
Property Plant Equipment	0	5,292,294	5,231,227	5,029,552	4,882,779	4,746,855	4,651,980	4,582,973	4,575,998	4,665,483	4,714,809	4,712,616	4,701,866	4,765,101	4,825,825	4,888,338	5,953,648	6,029,143	5,985,329	5,954,390	5,831,165	5,776,187	5,718,450	5,669,549	5,554,792	5,417,083	5,346,411	5,450,120	6,081,354	4,364,694	4,601,332	4,603,779	4,950,280	5,451,039	5,485,045	5,643,093	5,503,903	5,215,441	4,434,201	4,004,696	3,859,792	4,181,338	3,989,089	3,781,110	3,677,197	3,601,798	3,426,949	3,278,004	3,096,636	3,042,535	2,811,490	2,590,656	2,434,052	2,274,232	2,153,677	2,056,392	2,127,598	2,141,345	2,165,700	2,186,195	2,337,101	2,558,564	2,435,840	2,365,415	2,274,398	2,006,402	1,881,029	1,745,678	1,638,464	1,282,235	1,196,999	1,105,586	1,049,566	1,005,277	919,518	882,582	808,525	696,984	655,976	629,036	611,287	600,933	592,372	586,122	471,939	389,432	379,027	373,604	358,930	311,984	285,030	275,265	252,411	207,881	196,054	183,246	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	2,052,279	1,826,002	1,621,202	1,489,032	1,308,558	1,068,385	605,564	282,079	234,533	-190,367	-274,745	-51,719	200,697	365,872	465,310	554,562	967,587	1,069,642	1,033,051	982,662	1,165,842	856,111	997,641	980,444	665,657	691,915	786,608	906,515	794,020	994,969	1,040,219	1,208,900	1,559,515	1,899,803	1,900,058	1,957,747	2,013,997	1,682,273	1,476,703	1,416,923	1,354,669	1,347,674	1,280,332	1,203,813	1,190,397	1,257,534	1,299,175	1,274,287	1,251,157	1,371,869	1,144,972	1,020,448	1,042,123	1,004,984	992,685	974,620	851,583	850,593	858,135	866,457	964,019	1,090,059	1,005,122	971,570	878,652	845,786	791,269	732,035	695,224	651,693	598,559	558,490	510,812	459,576	435,068	396,808	364,567	337,943	316,793	296,386	274,937	251,839	238,053	215,309	182,512	176,929	169,255	160,057	157,739	158,155	153,289	140,468	120,075	104,778	88,337	74,427	67,200	72,500	70,300	69,200	69,300	74,700	83,000	81,400	80,300	79,300	75,800	70,500	59,300	55,200	50,500	50,500	50,400	50,600	50,900	50,900	50,000	52,300	49,900	47,900	47,700	48,500	47,200	46,400	45,400	-	-	-	31,000	-	-	-	28,900	-	-	-
Retained Earnings Total Equity	0	0	1,621,202	1,489,032	1,308,558	1,068,385	605,564	282,079	234,533	-190,367	-274,745	-51,719	200,697	365,872	465,310	554,562	967,587	1,069,642	1,033,051	982,662	1,165,842	856,111	997,641	980,444	665,657	691,915	786,608	906,515	794,020	994,969	1,040,219	1,208,900	1,559,515	1,899,803	1,900,058	1,957,747	2,013,997	1,682,273	1,476,703	1,416,923	1,354,669	1,347,674	1,280,332	1,203,813	1,190,397	1,257,534	1,299,175	1,274,287	1,251,157	1,371,869	1,144,972	1,020,448	1,042,123	1,004,984	992,685	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	23,523	0	0	342,301	2,912,248	2,908,770	2,905,358	2,901,948	53,809	2,897,575	51,059	63,492	8,211	2,517,970	0	0	0	2,332,445	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,575,334	1,574,553	1,573,772	1,572,991	1,572,210	1,571,429	1,570,648	1,980,392	2,081,164	2,077,630	2,192,125	2,260,651	2,214,319	2,353,038	2,456,119	2,645,384	2,732,798	2,735,769	2,721,240	2,646,287	2,596,333	2,592,952	2,915,725	2,912,248	2,908,770	2,905,358	2,901,948	2,898,603	2,897,575	2,894,323	2,603,080	2,564,472	2,517,970	2,534,000	2,472,000	2,616,500	2,366,000	1,990,000	1,600,000	1,600,000	1,600,000	1,628,000	1,628,000	1,530,000	1,440,000	1,328,000	1,161,000	1,011,500	985,069	632,639	630,291	627,942	323,673	275,404	271,212	269,020	454,902	499,784	537,737	559,805	587,500	457,500	582,500	564,000	572,500	442,500	383,500	350,000	438,449	165,956	150,933	99,909	99,885	151,862	150,838	146,814	136,791	99,767	99,743	130,720	110,696	112,672	143,649	170,625	113,601	99,600	99,554	119,530	64,000	14,350	13,400	0	22,000	3,000	13,850	14,000	13,000	25,000	20,100	17,900	19,400	32,600	26,600	21,400	22,600	7,800	7,400	7,900	43,600	36,300	21,400	21,400	19,600	14,800	11,500	12,500	11,100	7,300	9,900	11,000	9,500	9,800	10,300	5,800	6,200	-	-	-	18,000	-	-	-	6,500	-	-	-
Short Term Debt	15,425	0	22,210	30,723	10,114	-631,984	425,041	538,127	528,465	552,044	545,062	371,802	342,301	76,969	38,250	8,277	160,528	37,798	70,259	95,269	123,874	304,159	342,301	181,068	172,582	87,791	36,296	53,809	115,464	51,059	63,492	8,211	8	2,900	8,107	0	2,332,445	4,649	92,088	60,684	26,380	22,648	4,748	22,836	8,999	19,352	9,150	50,764	416,445	21,106	70,100	114,228	82,044	53,732	37,903	0	0	0	0	0	0	0	0	0	194,355	0	0	0	4,469	0	0	0	-5,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,400	2,500	2,100	2,100	2,100	1,200	1,200	-	-	-	2,200	-	-	-	-	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	45,481	58,364	30,295	41,428	67,143	120,121	112,651	1,012	1,000	1,187	1,173	1,158	1,143	1,450	1,450	1,450	1,475	1,475	1,475	1,475	1,500	1,500	1,412	1,431	1,447	11,500	12,509	2,519	2,281	2,511	1,933	10,474	9,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	6,379,985	6,078,570	5,992,626	5,870,158	5,716,039	5,651,513	5,339,124	5,395,781	5,233,977	5,061,960	5,052,998	5,015,645	4,976,431	5,122,285	5,267,628	5,615,025	6,292,232	6,453,083	6,391,939	6,286,618	6,352,862	6,273,721	6,736,485	6,659,988	6,176,776	6,178,926	6,212,605	6,399,708	6,393,511	5,785,433	5,044,475	5,207,056	5,621,643	6,213,861	6,213,618	6,600,686	6,516,700	5,660,746	5,004,035	4,689,011	4,705,165	4,736,845	4,590,668	4,292,324	4,199,529	4,123,952	3,999,571	3,845,098	3,798,980	3,456,280	3,219,893	3,053,524	2,744,321	2,518,997	2,417,385	2,388,314	2,360,936	2,343,759	2,395,739	2,489,181	2,695,016	2,873,528	2,920,838	2,670,287	2,571,680	2,286,001	2,131,631	1,965,123	1,899,097	1,544,014	1,403,208	1,353,684	1,268,747	1,221,346	1,077,051	1,028,635	945,460	839,675	784,070	766,478	735,854	689,460	685,204	694,354	537,139	504,356	490,797	496,731	436,989	374,732	349,274	345,633	321,895	281,683	257,314	235,223	230,400	192,500	182,800	180,700	184,500	206,700	215,800	214,100	211,000	198,400	190,500	180,500	144,300	132,700	104,500	104,500	96,100	91,100	87,100	86,800	89,400	87,200	83,700	82,900	81,800	82,100	82,600	76,600	75,900	-	-	-	53,800	-	-	-	40,300	-	-	-
Total Current Assets	916,439	702,552	678,985	756,276	737,203	807,778	633,133	758,835	613,187	336,270	269,410	230,282	203,669	274,890	355,469	625,160	252,634	311,114	288,734	221,334	429,263	453,142	955,210	923,192	549,115	668,912	769,317	849,546	224,642	1,246,609	304,474	405,638	518,989	537,677	525,708	669,643	745,043	371,605	506,915	577,342	647,501	345,870	395,636	320,190	340,564	325,938	334,237	343,744	463,204	304,704	346,123	403,490	274,645	198,516	201,656	257,632	209,046	180,277	200,027	259,041	311,794	286,529	435,524	281,242	269,941	227,012	222,604	196,734	226,940	229,105	183,329	232,214	203,931	200,867	138,199	130,897	126,927	135,900	122,445	121,129	107,923	81,970	86,255	101,564	59,547	105,789	101,605	114,017	72,221	57,190	58,580	64,728	63,984	64,208	51,753	41,305	39,500	22,600	19,100	21,100	27,100	22,700	22,400	26,100	31,900	41,500	47,300	49,000	32,100	27,300	19,000	19,000	10,800	9,700	10,500	13,100	18,900	17,300	15,800	16,600	22,600	21,900	22,500	23,200	22,800	-	-	-	9,100	-	-	-	8,300	-	-	-
Total Current Liabilities	633,812	599,084	563,988	563,146	598,584	814,017	1,013,753	1,058,721	889,327	1,103,567	1,051,668	776,619	583,739	377,278	307,900	383,463	472,043	491,042	503,945	545,342	466,052	733,857	1,047,957	649,176	559,212	436,676	347,772	353,485	415,172	328,630	320,841	303,157	302,525	485,197	522,157	696,255	784,660	669,574	684,581	515,279	639,131	629,779	588,200	510,154	541,546	499,925	475,761	471,525	505,805	423,526	483,148	489,949	502,053	371,054	312,903	332,299	296,671	249,157	247,863	244,739	296,601	466,863	685,424	441,826	362,545	279,840	253,462	221,403	204,070	202,395	199,698	189,074	198,994	224,687	137,460	131,856	114,892	133,538	108,866	99,986	104,822	89,248	84,289	90,018	57,497	42,581	41,625	37,417	38,221	33,795	25,470	56,658	23,345	23,560	21,004	19,612	26,000	11,000	10,600	15,500	17,300	17,700	18,800	25,000	22,300	26,000	24,600	23,000	18,200	19,700	13,800	13,800	7,700	6,700	6,200	4,900	9,500	7,800	6,600	6,600	7,400	6,300	6,200	5,000	4,800	-	-	-	3,400	-	-	-	3,100	-	-	-
Total Liab	2,764,135	2,674,277	2,694,159	2,640,363	2,630,581	2,783,851	2,894,224	3,280,672	3,170,846	3,425,061	3,500,489	3,245,973	2,960,271	2,937,177	2,986,796	3,273,308	3,543,238	3,609,333	3,590,096	3,543,393	3,432,540	3,674,322	3,999,858	3,947,891	3,782,168	3,766,885	3,710,777	3,784,193	3,896,378	3,937,518	3,695,639	3,698,640	3,769,242	4,027,024	4,025,311	4,364,458	4,230,045	3,708,906	3,258,083	3,013,592	3,098,344	3,150,061	3,063,765	2,855,499	2,785,063	2,649,910	2,471,875	2,354,674	2,336,040	1,868,527	1,870,727	1,841,076	1,525,795	1,316,546	1,234,552	1,254,723	1,387,366	1,347,642	1,384,311	1,404,305	1,567,531	1,864,618	2,380,455	1,866,791	1,708,335	1,352,807	1,232,827	1,120,755	1,155,723	857,600	831,349	719,529	699,427	704,412	558,631	528,345	461,005	405,354	357,087	369,831	345,201	317,290	336,454	362,080	236,981	201,270	194,504	207,102	150,161	91,255	74,922	88,742	71,152	48,741	42,984	38,779	41,300	51,000	44,100	46,500	49,800	66,600	65,100	65,000	63,100	51,500	47,600	42,800	69,100	61,600	38,000	38,000	29,800	24,600	20,300	20,000	23,400	18,900	17,300	18,400	18,200	17,600	19,500	14,300	14,500	-	-	-	22,700	-	-	-	12,800	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,599,399	2,736,627	2,712,097	0	2,412,041	2,501,828	2,615,515	2,497,133	1,847,915	1,348,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,615,850	3,404,293	3,298,467	3,229,795	3,085,458	2,867,662	2,444,900	2,115,109	2,063,131	1,636,899	1,552,509	1,769,672	2,016,160	2,185,108	2,280,832	2,341,717	2,748,994	2,843,750	2,801,843	2,743,225	2,920,322	2,599,399	2,736,627	2,712,097	2,394,608	2,412,041	2,501,828	2,615,515	2,497,133	1,847,915	1,348,836	1,508,416	1,852,401	2,186,837	2,188,307	2,236,228	2,286,655	1,951,840	1,745,952	1,675,419	1,606,821	1,586,784	1,526,903	1,436,825	1,414,466	1,474,042	1,527,696	1,490,424	1,462,940	1,587,753	1,349,166	1,212,448	1,218,526	1,202,451	1,182,833	1,133,591	973,570	996,117	1,011,428	1,084,876	1,127,485	1,008,910	540,383	803,496	863,345	933,194	898,804	844,368	743,374	686,414	571,859	634,155	569,320	516,934	518,420	500,290	484,455	434,321	426,983	396,647	390,653	371,568	348,188	331,574	299,513	302,374	295,625	289,006	286,117	282,896	273,869	256,295	250,136	232,594	213,959	196,106	188,800	141,000	138,700	134,200	134,700	140,100	150,700	149,100	147,900	146,900	142,900	137,700	75,200	71,100	66,500	66,500	66,300	66,500	66,800	66,800	66,000	68,300	66,400	64,500	63,600	64,500	63,100	62,300	61,400	-	-	-	31,100	-	-	-	27,500	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-823	-823	-823	-823	-1,221	-1,221	-1,221	-1,263	-1,544	-1,544	-1,544	-1,544	-386	-423	-456	-489	-1,179	-1,204	-1,230	-1,256	-1,773	-1,892	-2,011	-2,130	-2,804	-29,049	-29,126	-3,350	-4,203	-4,272	-4,784	-127,686	-5,148	-5,148	-33,336	-33,336	-5,295	-5,295	-5,295	-15,708	-15,950	-16,057	-16,057	-16,057	-16,057	-16,210	-16,210	-16,210	-16,210	-16,210	-16,210	-14,288	-5,126	-3,339	-3,339	-3,339	-3,339	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Begin Period Cash Flow	444,998	332,716	10	10	77,965	313,943	12,372	18	120	282,248	5,926	119,194	5,077	10,649	6,131	43,510	1,464	14,925	6,418	14,827	11,154	4,116	6,619	14,195	7,800	7,100	3,300	1,700	10,000	14,800	10,800	600	400	1,000
Capital Expenditures	1,099,342	879,934	678,162	555,658	1,026,350	1,336,443	978,249	2,813,701	1,501,592	2,519,351	1,615,139	1,513,601	1,633,093	668,952	379,329	827,440	820,631	725,695	270,881	268,190	200,236	184,723	170,804	65,241	40,300	58,600	81,500	27,500	22,700	17,000	13,500	17,300	15,300	7,900
Cash And Cash Equivalents Changes	0	112,282	332,706	0	-77,955	-235,978	301,571	9,354	-102	-282,128	276,322	-113,268	114,117	-5,572	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	-711,755	-748,738	357,134	45,352	-115,799	38,052	704,188	973,638	-30,241	817,058	755,628	309,704	165,799	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	171,166	112,282	332,706	332,706	-77,955	-235,978	301,571	9,354	-102	-282,128	276,322	-113,268	114,117	-5,572	4,518	-37,379	42,046	-13,461	8,507	-8,409	3,673	7,038	-2,503	-7,576	6,400	-7,700	28,100	22,600	7,000	-2,000	4,900	800	1,200	-9,000
Change In Working Capital	-4,551	-72,063	117,411	11,591	16,852	13,671	69,613	-27,954	42,203	1,883	-7,014	-18,424	-40,794	-5,027	15,691	-54,274	50,405	-6,279	-15,885	-22,101	-2,368	32,934	-1,631	-28,209	3,300	6,100	-4,900	-4,900	1,600	-5,800	2,000	200	-2,200	600
Change Receivables	0	38,554	-101,047	29,100	-39,556	-30,152	13,997	-10,562	140,200	24,088	-78,494	-21,389	-41,998	-47,153	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-10,191	38,554	-101,047	29,100	-39,556	-30,152	13,997	-10,562	140,200	24,088	-78,494	-21,389	-41,998	-47,153	46,743	-14,327	-6,557	22,476	-39,880	0	0	11,085	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	-218,238	23,382	-50,278	-23,819	20,728	43,018	7,795	-1,822	98	733	61,878	-10,218	0	-1,504	26,126	-17,886	-6,920	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-109,562	218,238	-23,382	50,278	23,819	44,985	-53,210	-86,267	9,466	93,224	31,136	-18,073	44,884	0	0	40,769	5,215	42,438	17,622	19,666	15,992	10,752	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	743,156	963,429	390,015	115,222	-346,217	5,887	-130,551	-530,228	13,533	330,401	204,074	277,184	123,266	0	0	0	0	0	0	6,785	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-1,055	220	5,873	6,130	-729	-1,953	43,018	7,795	-42,856	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	690,481	604	1,713,184	1,359,252	954,317	665,313	557,036	790,745	921,009	767,532	822,872	727,877	511,103	336,141	579,415	626,012	227,596	154,522	132,758	92,223	81,960	54,432	51,346	40,129	22,600	24,900	18,400	12,700	10,200	10,100	8,800	6,200	5,600	4,400
Dividends Paid	71,614	19,637	2,393	2,276	11,254	11,191	11,144	7,751	6,772	6,723	6,663	6,511	6,382	6,297	6,247	6,186	6,284	5,603	5,691	2,849	3,150	2,787	2,795	2,775	2,200	2,200	2,100	1,400	1,400	1,400	1,400	1,200	1,200	1,200
End Period Cash Flow	616,164	444,998	332,716	10	10	77,965	313,943	9,372	18	120	282,248	5,926	119,194	5,077	10,649	6,131	43,510	1,464	14,925	6,418	14,827	11,154	4,116	6,619	14,200	-600	31,400	24,300	17,000	12,800	15,700	1,400	1,600	-8,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	475,052	806,472	481,610	235,286	-202,783	-615,814	-462,859	-2,260,897	-523,240	-1,062,776	-276,625	-591,632	-872,561	-171,855	56,777	-149,219	-189,839	-257,995	138,498	-31,028	4,083	-43,014	-43,312	27,026	500	-13,200	-38,400	-3,300	-5,000	3,300	6,200	9,700	-3,600	7,200
Investments	-1,163,238	-880,263	-667,235	-555,566	-1,013,291	-587,934	-201,530	-1,870,639	0	0	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	3,209	3,039	2,639	1,464	3,209	3,187	0	0	0	0	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	-584,946	299,771	-232,567	122,500	-845,002	-2,357	256,604	176,951	752,603	146,741	52,500	-56,719	-140,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	817,880	1,111,952	36,229	-764,614	-187,001	508,407	-160,843	-757,744	-447,710	666,051	170,935	-54,249	215,416	196,837	-99,370	91,553	189,712	190,015	151,936	92,479	95,575	27,560	40,459	55,620	100	-8,800	23,100	10,400	1,700	3,700	3,400	15,600	3,200	3,400
Other Cashflows From Financing Activities	7,882	-35,110	-9,072	-15,068	-2,686	-7,746	405,829	1,577,930	2,363,291	1,872,016	1,689,736	2,000,913	-18,692	-1,239	-1,285	2,585,185	1,108,307	939,606	117,807	25,997	-4,087	46,657	42,000	18,001	-9,700	-3,200	-21,000	24,000	8,400	-600	3,100	-11,100	2,400	-7,800
Other Cashflows From Investing Activities	0	-329	10,927	92	13,059	748,509	776,719	943,062	356,953	40,602	423,990	56,268	368,183	307,379	34,337	0	15,982	91	3,869	7,325	0	39	6,958	1,296	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-37,922	358,084	-735,436	362,256	56,916	-632,378	218,950	969,503	712,105	-409,365	213,819	266,218	-75,806	-172,114	-38,660	-40,516	60,029	43,188	130,834	34,988	7,465	12,333	13,592	3,379	15,700	-200	-100	100	5,200	100	-100	4,200	4,800	8,000
Sale Purchase Of Stock	-235,987	-57,207	2,225,271	1,447,000	1,589,000	492,079	-1,240	-2,354	-8,678	-10,624	-16,220	-21,622	1,006,242	571,559	2,072,500	-77,202	-25,904	-123,108	-28,902	-35,743	0	0	-12,871	-344	-500	-2,500	0	0	0	0	0	0	0	0
Stock Based Compensation	20,250	18,772	18,819	14,999	24,318	23,908	22,700	26,897	27,467	32,694	32,347	30,185	26,824	26,743	18,765	14,812	10,095	11,422	4,189	0	0	0	0	0	0	28,800	-4,200	1,300	0	13,000	6,800	0	0	0
Total Cash From Financing Activities	-304,543	-693,861	-159,831	-235,378	111,769	-368,673	-12,289	1,327,189	166,185	740,046	130,711	422,096	618,495	-141,096	-127,496	-42,815	215,126	243,558	-61,093	1,435	-3,707	46,260	29,080	13,025	-12,100	-7,700	28,100	22,600	7,000	-2,000	4,900	800	1,200	-9,000
Total Cash From Operating Activities	1,574,394	1,686,406	1,159,772	790,944	823,567	720,629	515,390	552,804	978,352	1,456,575	1,338,514	921,969	760,532	497,097	436,106	678,221	630,792	467,700	409,379	237,162	204,319	141,709	127,492	92,267	40,800	45,400	43,100	24,200	17,700	20,300	19,700	27,000	11,700	15,100
Total Cashflows From Investing Activities	0	-880,263	-667,235	-555,566	-1,013,291	-587,934	-201,530	-1,870,639	-1,144,639	-2,478,749	-1,192,903	-1,457,333	-1,264,910	-361,573	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31
Begin Period Cash Flow	401,980	378,238	477,869	444,998	498,435	267,089	419,887	332,716	29,800	153,324	10	10	10	10	15	10	3,511	6,410	14	77,965	176,806	615,906	643,337	313,943	441,415	559,521	659,147	9,372	980,666	18	51	18	197	82	22	120	269	163,794	236,435	282,248	176	176	87	5,926	184	184	286	119,194	29,923	101,080	191,294	5,077	7,089	10,249	40,424	10,649	20,517	10,389	2,211	6,131	5,396	36,919	7,511	43,510	17,240	26,179	4,733	1,464	1,016	1,825	61,062	14,925	26,597	10,568	17,520	6,418	24,688	27,581	17,806	14,827	7,114	10,846	17,291	11,154	49,070	47,856	63,191	4,116	6,198	6,245	2,782	6,619	6,571	2,867	8,651	14,195	6,600	2,100	5,200	7,800	3,200	4,700	5,300	7,100	300	0	18,600	3,300	400	3,100	1,700	1,700	2,800	0	11,000	10,000	0	0	13,800	14,800	0	4,100	13,100	10,800
Capital Expenditures	223,268	237,194	398,168	240,712	288,088	226,101	215,618	150,127	124,576	183,338	222,614	147,563	128,806	116,643	170,903	139,306	235,127	215,415	326,787	249,340	279,284	309,225	446,413	301,521	265,891	257,475	225,377	229,506	2,299,054	151,326	171,907	191,414	232,633	288,241	425,684	555,034	742,212	899,940	525,460	351,739	431,777	390,169	412,008	381,185	381,242	421,681	375,663	335,015	551,476	419,245	352,681	309,691	179,583	184,742	172,182	132,445	86,805	76,654	82,192	133,678	332,948	102,318	177,837	214,337	272,560	238,038	173,664	136,369	431,718	107,641	98,762	87,574	278,275	143,475	71,493	63,307	134,258	52,198	39,252	42,482	43,784	110,852	24,577	21,023	119,617	22,529	16,013	26,564	70,960	36,509	27,322	36,013	19,732	16,937	9,731	18,841	6,700	11,300	13,700	8,600	13,200	16,000	11,300	18,100	35,700	22,100	10,000	13,700	6,100	22,000	6,100	6,100	8,100	6,400	4,700	3,500	8,500	2,300	7,400	3,400	200	3,300	7,400	3,000
Cash And Cash Equivalents Changes	0	0	-99,631	32,871	-53,437	231,346	-152,798	87,171	302,916	29,800	0	-10	0	0	-5	5	-3,501	-2,899	6,396	-77,951	-98,841	-439,100	-27,431	329,394	-130,472	-118,106	-99,626	649,775	-971,294	980,648	-33	33	-179	115	60	-98	-149	-163,525	-72,641	-45,813	282,072	0	89	-5,839	5,742	0	-102	-118,908	89,271	-71,157	-90,214	186,217	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	37,416	-21,140	-103,445	-89,781	-212,384	-306,145	-320,646	-192,477	-76,293	-159,322	111,275	87,148	103,791	54,920	-15,364	21,386	58,120	-18,790	-10,163	-22,721	-55,563	-27,352	7,731	20,021	7,255	3,045	114,988	61,930	118,137	409,133	968,928	-2,346	5,775	1,281	32,419	-360,854	151,992	146,202	186,062	212,294	219,388	199,314	204,636	198,881	184,000	168,111	188,347	-65,487	83,720	103,124	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	214,184	23,742	-99,631	32,871	-53,437	231,346	-152,798	87,171	273,116	-123,524	-74,077	42,000	-10	-10	-5	5	-3,501	-2,899	6,396	-77,951	-98,841	-439,100	-27,431	329,394	-127,472	-118,106	-99,626	649,775	-971,294	980,648	-33	33	-179	115	60	-98	-149	-163,525	-72,641	-45,813	282,072	0	89	-5,839	5,742	0	-102	-118,908	89,271	-71,157	-90,214	186,217	-2,012	-3,160	-30,175	29,775	-9,868	10,128	8,178	-3,920	735	-31,523	29,408	-35,999	26,270	-8,939	21,446	3,269	448	-809	-59,237	46,137	-11,672	16,029	-6,952	11,102	-18,270	-2,893	9,775	2,979	7,713	-3,732	-6,445	6,137	-37,916	1,214	-15,335	59,075	-2,082	-47	3,463	-3,837	48	3,704	-5,784	-5,544	7,600	4,500	-1,500	-2,600	-13,800	3,200	4,700	-1,800	13,800	300	-1,300	15,300	6,900	400	1,400	1,400	4,500	2,800	-1,300	1,000	1,000	-1,100	-900	-1,000	-600	-900	4,100	2,300
Change In Working Capital	52,778	-52,893	21,780	-26,216	-58,833	96,518	28,214	-137,962	65,241	21,078	82,529	-51,437	52,002	16,843	-38,737	-18,517	5,071	-9,673	41,613	-20,159	17,396	17,997	-5,609	-16,113	29,460	11,971	256	27,926	15,137	5,387	-31,148	-17,330	14,113	19,468	-22,024	21,058	39,250	-13,526	29,585	-53,426	-25,625	38,692	-2,391	-17,690	-9,302	13,285	35,850	-40,915	13,492	-62,426	-5,081	6,430	-78,605	30,325	9,749	32,650	-52,627	25,437	12,352	30,529	-37,680	65,466	-35,419	-46,641	-1,903	41,819	17,324	-6,835	36,176	-44,378	-15,030	16,953	-14,972	741	-4,141	2,487	-3,832	-9,271	4,042	-13,040	1,491	11,997	-4,745	-11,111	-530	6,139	5,381	21,944	-9,214	10,477	-7,133	4,239	7,287	-9,845	-17,923	-7,728	2,400	-5,200	4,200	1,900	2,300	-700	-3,700	8,200	-6,100	-1,700	-1,300	4,200	-1,100	-1,800	-800	-800	900	100	100	500	-100	-300	-1,500	-5,200	-1,300	3,300	-400	400
Change Receivables	0	0	0	0	38,554	0	0	0	-101,047	0	0	0	29,100	0	0	0	-39,556	0	0	0	-25,688	0	0	-4,464	-7,505	-25,491	16,586	30,407	-11,783	12,441	-38,142	26,922	34,864	66,385	-30,576	69,527	17,612	9,034	-11,905	9,347	-33,285	14,075	-37,120	-22,164	-2,707	-19,417	14,702	-13,967	-21,211	-10,417	-26,755	16,385	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	37,235	38,554	0	0	8,776	8,776	8,776	8,776	-15,408	29,100	29,100	29,100	-38,922	-39,556	-39,556	-39,556	-2,526	-30,152	4,464	-4,464	-7,505	-25,491	16,586	30,407	-11,783	12,441	-38,142	26,922	34,864	66,385	-30,576	69,527	17,612	9,034	-11,905	9,347	-33,285	14,075	-37,120	-22,164	-2,707	-19,417	14,702	-13,967	-21,211	-10,417	-26,755	16,385	-42,216	-12,565	20,872	-13,244	-12,101	9,695	5,446	43,703	22,476	0	0	-41,236	22,476	0	12,507	7,762	22,476	30,810	49,681	26,899	-39,880	0	702	11,161	0	0	0	0	0	0	0	0	11,085	12,962	12,490	12,956	0	9,647	0	-4,020	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	470,862	0	0	0	213,124	0	0	0	32,892	0	0	-276,840	2,077	0	0	-493,045	80,881	0	0	9,302	71,867	0	0	1,281	26,741	0	0	885	-70,145	0	0	605	-26,169	0	0	127,784	95,377	0	0	24,689	-90,109	0	0	89,159	0	0	0	-6,555	-61,785	0	0	597	-27,319	0	0	2,319	9,459	0	0	-42,724	-6,007	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,647	0	0	0	0	0	0	0	0	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	0	0	-109,562	0	0	0	218,238	0	0	0	-23,382	0	0	0	50,278	0	0	0	32,644	0	8,825	-8,825	23,425	30,533	-3,476	-5,497	11,956	-3,439	-9,433	-52,294	-12,020	-40,207	11,376	-45,416	38,263	-15,093	48,178	-61,882	20,520	26,106	40,804	5,794	2,174	34,497	21,416	-26,951	26,420	-40,533	24,381	-28,341	53,198	47,123	26,299	31,402	0	7,794	0	0	0	34,763	14,850	0	40,769	27,552	2,327	0	5,215	0	0	0	42,438	33,064	3,773	0	17,622	10,997	3,903	0	19,666	15,746	5,840	19,666	15,992	13,000	6,399	4,159	10,752	5,543	1,530	9,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	22,820	36,757	-1,338	59,383	-211,556	28,061	435,982	4,249	14,842	218,679	344,532	111,488	26,543	-85,642	337,626	116,161	-75,510	-58,754	133,325	-299,470	183,406	40,811	-270,964	12,209	54,133	49,726	-110,181	47,774	-69,609	22,846	-131,562	-699,943	-37,395	114,880	92,230	-259,557	-31,790	165,903	138,977	155,876	79,875	13,106	81,544	130,341	66,597	-23,723	30,859	194,339	2,710	-265	80,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,785	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-52,893	-52,893	-52,893	12,175	96,518	28,214	-137,962	729	21,078	82,529	-51,437	354	16,843	-38,737	-18,517	-5,651	-9,673	41,613	-20,159	23,729	17,997	-18,898	-2,824	10,631	6,929	-12,854	178	43,018	-835	3,503	-101	7,795	0	0	0	-42,856	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	108,601	189,353	157,832	154,189	-313,700	145,865	314,304	159,481	200,011	202,701	204,714	166,960	784,987	181,708	180,856	233,489	823,798	201,105	206,330	177,746	665,313	414,122	187,948	130,473	557,036	193,966	153,232	137,812	790,745	155,158	324,363	214,207	921,009	91,801	251,605	217,401	767,532	195,792	311,888	177,215	822,872	192,432	225,731	198,709	727,877	270,062	161,608	169,570	511,103	-239,038	36,422	105,356	336,141	84,662	78,654	77,765	106,901	89,755	102,751	2,092	-219,070	72,362	76,354	70,354	64,919	59,061	54,657	48,959	44,404	39,817	35,910	34,391	31,825	36,952	33,907	30,074	26,489	24,435	20,673	20,626	20,709	20,765	21,601	18,885	15,263	12,836	13,279	13,054	13,470	13,704	12,884	11,288	13,324	9,627	8,321	8,857	6,600	5,300	5,300	5,400	7,400	5,600	6,500	5,400	6,300	4,100	4,000	4,000	3,600	3,200	2,900	2,900	3,000	2,200	2,400	2,600	2,400	2,700	2,700	2,300	1,800	2,500	2,700	1,800
Dividends Paid	17,447	17,800	18,077	18,290	18,419	1,218	1,218	1,218	1,215	1,178	1,178	1,178	1,146	1,130	1,130	1,130	5,642	5,612	5,612	5,612	5,607	5,607	5,584	5,584	5,581	5,563	5,563	0	4,347	3,404	3,404	0	3,399	3,373	6,773	3,400	3,370	3,353	3,353	0	3,349	459,454	6,614	3,300	3,303	3,208	3,208	0	3,201	3,181	3,181	0	3,153	3,144	3,144	0	3,127	3,120	3,120	0	3,110	3,076	3,076	389,000	3,144	3,140	3,140	0	2,745	1	2,859	0	2,828	2,863	2,863	0	1,420	1,429	1,429	0	1,577	1,573	1,573	0	1,396	1,391	1,387	0	1,387	5	1,413	0	702	697	687	689	600	500	600	500	600	500	600	500	600	500	600	400	300	400	400	400	300	400	300	400	300	400	300	400	300	400	300	400
End Period Cash Flow	616,164	401,980	378,238	477,869	444,998	498,435	267,089	419,887	302,916	29,800	10	42,010	10	10	10	15	10	3,511	6,410	14	77,965	176,806	615,906	643,337	313,943	441,415	559,521	659,147	9,372	980,666	18	51	18	197	82	22	120	269	163,794	236,435	282,248	176	176	87	5,926	184	184	286	119,194	29,923	101,080	191,294	5,077	7,089	10,249	40,424	10,649	20,517	10,389	2,211	6,131	5,396	36,919	7,511	43,510	17,240	26,179	4,733	1,464	1,016	1,825	61,062	14,925	26,597	10,568	17,520	6,418	24,688	27,581	17,806	14,827	7,114	10,846	17,291	11,154	49,070	47,856	63,191	4,116	6,198	6,245	2,782	6,619	6,571	2,867	8,651	14,200	6,600	-1,500	5,200	-13,800	3,200	4,700	5,300	13,800	300	-1,300	18,600	6,900	400	3,100	1,700	4,500	2,800	-1,300	11,000	1,000	-1,100	-900	13,800	-600	-900	4,100	13,100
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	253,247	145,800	-14,917	90,922	287	287,269	326,951	191,965	305,054	144,781	73,785	-41,939	128,054	84,970	-56,564	78,826	6,854	-12,259	-66,859	-130,838	-99,832	-79,566	-275,030	-161,386	-121,111	-128,993	-118,228	-94,540	-2,161,262	6,813	-33,310	-73,138	-39,130	-52,900	-160,098	-271,112	-360,759	-539,971	-110,035	-52,011	-94,132	14,345	-97,945	-98,893	-112,859	-178,383	-153,428	-146,962	-280,691	-299,471	-139,393	-153,006	-100,846	-36,532	-55,924	21,447	-3,751	34,637	34,394	-8,503	-222,828	149,688	-4,201	-71,878	-115,750	-46,377	-17,418	-10,294	-281,567	-6,444	-11,652	41,668	385,508	-26,905	21,952	28,824	-54,228	5,115	20,649	-2,564	9,621	-50,702	23,933	21,231	-84,060	7,553	18,265	15,228	-55,337	2,486	-3,028	12,567	16,804	16,249	-1,578	-4,449	7,900	-5,400	-1,500	-500	-4,300	-6,900	-1,200	-800	-26,800	-11,600	-900	900	13,200	-15,400	-2,800	-2,800	-2,200	-2,500	-900	600	-1,400	8,300	-3,600	0	5,300	3,500	-3,600	1,000
Investments	-223,268	-237,194	-397,818	-240,405	-287,821	-226,697	-215,618	-150,127	-122,484	-174,795	-222,322	-147,634	-128,806	-116,643	-170,811	-139,306	-234,588	-215,415	-320,353	-242,935	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	1,243	0	1,815	0	1,394	0	1,645	0	1,324	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-480,176	-104,770	450,776	-118,792	-74,213	42,000	-127,411	-83,339	57,001	-78,818	-6,500	11,000	71,500	46,500	4,753	-849,755	-352,905	-352,905	-13	-13	-13	-2,344	-167,438	328,578	24,381	71,083	18,000	61,394	-152,943	250,500	362,603	390,000	0	0	462,185	0	-405,444	90,000	-280,223	559,223	-250,500	24,000	-341,122	-507	-8,525	293,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	247,111	222,343	149,874	198,552	258,463	481,240	323,485	48,764	424,900	85,593	-222,995	-251,269	-165,175	-98,292	-89,252	-411,895	-102,055	42,234	50,388	-177,568	309,732	-135,923	17,197	317,401	-26,258	-89,112	-119,907	74,434	-200,946	-40,907	-168,681	-347,210	-340,258	3,114	-57,508	-53,058	331,726	208,938	59,780	65,607	6,996	70,690	76,522	16,727	-67,138	-38,336	24,889	26,336	-120,711	230,097	124,533	-18,503	37,139	15,452	18,068	126,178	990	-4,415	-8,322	-87,623	-126,040	88,047	33,550	95,996	32,874	57,653	59,235	39,950	43,532	55,877	40,080	50,526	51,238	27,334	38,261	35,103	26,629	22,565	21,836	21,449	24,675	13,786	24,317	32,797	6,979	7,674	10,589	2,318	971	4,861	14,234	20,393	15,998	17,139	14,597	7,886	-4,700	2,800	1,600	400	-4,800	-7,700	2,000	1,700	1,600	4,000	5,900	11,600	4,400	3,100	500	500	100	100	200	1,300	-2,000	2,800	2,300	600	-500	1,700	1,200	1,000
Other Cashflows From Financing Activities	7,882	-7,875	-7	-240,405	584,946	-35,086	-215,618	-24	-4,339	700,768	897,719	440,000	-197	320,474	404,475	425,497	-2	426,360	-1,026	171,982	844,966	484,466	-133	189,259	-5	-1,231	-1	397,340	203,093	790,661	-3,162	316,997	267,999	364,894	1,161,742	559,938	1,335,601	525,948	-964	-8	226,415	918,928	777,033	223,500	374,421	409,708	1,166,184	25,787	-15,161	12,034	-11,219	449,095	-1,707	111,074	24,277	177,032	-1,285	132,486	561,820	1,190,000	780,447	-124,284	24,129	778,860	856,699	36,462	26,903	15,444	979,112	30,876	-60,643	2,404	103,500	1,000	-27,870	9,967	37,000	-46,763	-32,429	19,997	-2,000	-31,005	-29,593	56,938	13,996	-93	-21,491	52,854	49,650	970	11,987	-22,000	19,001	-10,850	-150	1,000	-12,000	5,000	-900	-1,600	-13,200	3,700	5,300	-1,300	14,900	300	-500	-35,700	7,200	800	1,800	1,800	4,800	3,200	-1,000	1,400	1,300	-700	-600	-600	-300	-500	4,400	-500
Other Cashflows From Investing Activities	0	657	350	307	-329	-596	-596	-596	2,092	-221	292	-71	92	92	92	0	539	12,520	6,115	6,405	5,310	984	251,435	490,780	-4,646	12,118	22,428	746,819	790,233	140,762	9,976	2,091	22,840	121	313,416	20,576	-552	-3,410	38,358	6,206	407,001	1,586	13,121	2,282	7,605	33,142	12,292	3,229	43,470	229,116	58,929	36,668	0	0	0	0	34,337	29,734	14,398	4,348	0	0	0	0	15,982	0	7,066	16	91	79	22	22	3,869	3,867	0	3,822	7,325	11,124	11,122	49	0	166	102	13	39	26	0	274	6,958	7,253	7,078	6,990	1,296	931	956	0	0	0	0	0	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	17,209	69,228	5,324	-49,177	331,470	-325,406	-208,913	255,587	-274,997	14,317	228,357	235,685	-381,040	119,986	92,681	508,841	-462,178	-56,893	-58,323	179,648	-900,253	-36,708	-32,556	-395,404	-297,390	41,978	133,225	-143,886	-339,683	55,687	102,991	456,780	-212,002	109,513	137,151	126,224	-964,781	-165,731	-29,362	65,614	-480,386	52,893	-41,713	66,153	-354,565	11,838	-23,061	13,424	-99,911	71,418	-19,287	76,025	-251,650	2,907	-10,686	-152,912	-7,344	979	13,830	231,791	542,085	39,345	29,852	-30,649	35,832	4,754	2,215	19,797	4,397	45,700	5,297	10,345	42,147	60,375	17,585	10,727	18,376	7,904	6,470	2,238	455	8,876	2,136	-4,002	9,682	-1,865	880	3,636	5,370	2,094	-28	6,156	-836	2,378	-257	2,094	13,200	1,900	1,100	400	7,300	15,400	4,100	1,700	-200	200	-3,000	-100	-2,200	900	700	700	1,900	1,500	1,100	-200	7,900	400	300	-100	5,200	600	300	800
Sale Purchase Of Stock	-30,741	-96,383	-68,795	-40,068	-36,966	-20,241	1,645	0	183,000	1,315	1,315	0	281,500	947	947	0	464,500	1,959	524,500	0	-844,966	1,881	1,881	0	-1	1,738	8,500	0	-13	530,912	268,000	0	-176	3,157	3,157	0	-48	408	2,490	0	-17	-16,203	2,880	772	-17	533	1,850	1,038	549,620	664	1,469	3,460	256,500	3,116	2,916	0	174,000	0	0	0	-45,906	0	0	-77,202	-123,108	0	0	0	-120,616	-2,492	0	0	-555	0	0	0	0	-16,337	0	-19,406	0	0	0	0	0	0	0	0	0	-1,922	-9,162	-1,787	1	-1	1	-345	0	0	0	-500	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	5,731	6,038	4,163	4,318	4,914	5,105	4,479	4,274	4,628	4,498	3,956	5,737	-438	4,164	5,712	5,561	5,560	6,766	6,154	5,838	6,228	7,004	5,264	5,412	6,540	6,347	4,358	5,455	6,412	6,570	7,047	6,868	6,975	7,277	7,191	6,024	8,126	10,227	7,997	6,344	6,852	7,427	9,955	8,113	8,454	9,359	8,022	4,350	7,274	7,713	6,286	5,551	6,890	7,989	6,261	5,603	5,787	5,469	3,733	3,776	11,422	-58,449	63,392	3,310	11,422	1,542	-8,405	2,967	11,422	-25,748	0	3,197	4,189	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-300	0	0	0	0	100	0	6,700	2,000	0	-9,900	0	0	0	0	0	0	100	0	0	0	0	5,900	0	0	0	0
Total Cash From Financing Activities	-39,063	-122,058	-85,064	-58,358	-53,991	-55,327	-479,749	-104,794	-4,230	-123,524	-74,077	42,000	-128,054	-84,970	56,467	-78,821	-10,894	9,360	66,821	46,482	-4,319	-360,518	-3,836	-3,836	-4,715	-1,231	-3,826	-2,504	399,735	833,073	23,301	71,080	16,111	52,894	-153,258	250,438	361,162	379,856	-964	-8	-29,043	-15,931	84,913	90,772	110,996	145,241	141,034	24,825	326,492	-802	-9,750	302,555	44,464	2,274	425	-188,259	-49,481	-39,901	-37,286	-828	130,855	-123,641	34,485	-84,514	132,975	37,426	31,502	13,223	272,368	14,510	-47,767	4,447	-52,398	2,753	-24,697	13,249	39,653	-13,443	-29,308	4,533	-2,401	-30,853	-28,389	57,936	13,600	514	-21,039	53,185	48,628	-307	3,141	-22,382	20,092	-9,537	2,347	123	-12,500	4,500	-1,500	-2,600	-13,800	3,200	4,700	-1,800	13,800	300	-1,300	15,300	6,900	400	1,400	1,400	4,500	2,800	-1,300	1,000	1,000	-1,100	-900	-1,000	-600	-900	4,100	2,300
Total Cash From Operating Activities	476,515	382,994	383,251	331,634	288,375	513,370	542,569	342,092	429,630	328,119	296,399	105,624	256,860	201,613	114,339	218,132	241,981	203,156	259,928	118,502	179,452	229,659	171,383	140,135	144,780	128,482	107,149	134,966	137,792	158,139	138,597	118,276	193,503	235,341	265,586	283,922	381,453	359,969	415,425	299,728	337,645	404,514	314,063	282,292	268,383	243,298	222,235	188,053	270,785	119,774	213,288	156,685	78,737	148,210	116,258	153,892	83,054	111,291	116,586	125,175	110,120	252,006	173,636	142,459	156,810	191,661	156,246	126,075	150,151	101,197	87,110	129,242	107,233	116,570	93,445	92,131	80,030	57,313	59,901	39,918	53,405	60,150	48,510	42,254	35,557	30,082	34,278	41,792	15,623	38,995	24,294	48,580	36,536	33,186	8,153	14,392	14,600	5,900	12,200	8,100	8,900	9,100	10,100	17,300	8,900	10,500	9,100	14,600	7,100	6,600	3,300	3,300	5,900	3,900	3,800	4,100	7,100	6,000	3,800	3,400	5,100	6,800	3,800	4,000
Total Cashflows From Investing Activities	0	-875,417	-397,818	-240,405	-880,263	-226,697	-215,618	-150,127	-122,484	-174,795	-222,322	-147,634	-128,806	-116,643	-170,811	-139,306	-234,588	-215,415	-320,353	-242,935	-273,974	-308,241	-194,978	189,259	-270,537	-245,357	-202,949	517,313	-1,508,821	-10,564	-161,931	-189,323	-209,793	-288,120	-112,268	-534,458	-742,764	-903,350	-487,102	-345,533	-26,530	-388,583	-398,887	-378,903	-373,637	-388,539	-363,371	-331,786	-508,006	-190,129	-293,752	-273,023	-361,573	-236,360	-82,716	64,142	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Cost Of Revenue	1,254,024	1,224,692	1,279,802	1,176,204	1,324,507	1,152,680	1,064,942	1,388,310	1,658,564	1,507,870	1,477,564	1,167,332	407,897	325,661	326,622	271,355	319,379	228,479	211,968	124,078	115,162	70,340	74,518	48,094	30,300	28,700	24,200	22,600	20,800	19,900	18,300	14,300	12,600	12,400
Depreciation And Amortization	690,481	989,500	774,386	784,987	823,798	665,313	557,036	790,745	921,009	767,532	822,872	727,877	511,103	336,141	304,201	314,330	227,596	154,522	132,758	92,223	81,960	54,432	51,346	40,129	22,600	24,900	18,400	12,700	10,200	10,100	8,800	6,200	5,600	4,400
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
Ebit	937,678	1,579,481	1,145,318	-218,548	58,577	300,563	8,999	-410,413	-433,305	739,461	557,791	172,990	611,254	347,205	103,875	483,368	392,482	380,291	362,108	180,565	157,602	48,135	64,195	91,424	1,400	13,200	35,200	14,900	2,800	5,400	9,100	28,000	7,000	9,800
Ebitda	1,628,159	2,568,981	1,919,704	566,439	882,375	965,876	566,035	380,332	487,704	1,506,993	1,380,663	900,867	1,122,357	683,346	408,076	797,698	620,078	534,813	494,866	272,788	239,562	102,567	115,541	131,553	24,000	38,100	53,600	27,600	13,000	15,500	17,900	34,200	12,600	14,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	63,675	0	0	0	0	0	0	0	0	0	0	0	0	0	5,435	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,109,865	2,121,214	1,318,113	-49,622	264,736	487,475	195,462	-207,934	-144,630	1,013,791	789,613	360,922	1,195,421	767,173	505,579	1,029,946	670,715	559,222	527,622	309,021	278,772	126,054	132,951	147,572	43,700	50,000	66,800	37,000	17,900	24,900	20,300	36,400	15,200	15,200
Income Before Tax	914,202	1,395,770	46,167	-956,705	-231,044	651,777	-343,813	-1,201,916	-722,861	1,064,699	278,611	-83,517	339,001	314,896	-159,464	151,411	300,262	295,321	238,237	146,228	146,070	42,579	62,288	89,287	-300	-14,200	34,900	15,500	700	4,100	4,500	22,500	5,400	5,600
Income Tax Expense	96,322	283,818	9,938	-192,091	-44,043	143,370	-182,970	-444,172	-275,151	398,648	107,676	-29,268	123,585	118,059	-60,094	59,858	110,550	105,306	86,301	53,749	55,930	15,019	21,829	33,667	-400	-5,400	12,300	5,300	-700	400	1,100	7,300	1,900	2,000
Interest Expense	91,630	120,346	160,353	163,892	159,102	160,906	179,257	158,685	128,149	98,554	89,711	63,720	45,849	24,196	28,856	20,275	19,895	8,521	8,213	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	19,854	120,346	160,353	163,892	159,102	160,906	179,257	158,685	128,149	0	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
Net Income	817,880	1,111,952	36,229	-764,614	-187,001	508,407	-160,843	-757,744	-447,710	666,051	170,935	-54,249	215,416	196,837	-99,370	91,553	189,712	190,015	151,936	92,479	95,575	27,560	40,459	55,620	100	-8,800	23,100	10,400	1,700	3,700	3,700	15,600	3,200	3,400
Net Income Applicable To Common Shares	0	1,111,952	36,229	-764,614	-187,001	508,407	-160,843	-757,744	-447,710	666,051	170,935	-54,249	215,416	196,837	0	91,553	189,712	190,015	151,936	92,479	90,140	27,560	40,459	55,620	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	817,880	1,111,952	36,229	-764,614	-187,001	508,407	-160,843	-757,744	-447,710	666,051	170,935	-54,249	215,416	196,837	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-71,776	-120,346	-160,353	-163,892	-159,102	-160,906	-179,257	-158,685	0	0	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	-63,365	-2,603	276,137	-1,974	-23,654	3,933	16,084	-15,929	-2,561	67	220	466	321	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	62,411	74,296	1,057,010	85,342	105,055	68,451	146,008	248,581	289,975	292,850	315,513	279,941	71,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	986,906	1,579,481	1,145,318	-218,548	58,577	836,337	-168,489	-1,059,315	-578,783	1,165,814	368,255	-20,017	384,384	338,771	-130,835	171,201	319,411	302,266	245,994	151,915	153,311	45,689	61,912	89,987	1,300	-12,500	35,600	16,300	2,400	5,300	6,800	25,700	6,400	8,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	1,445,137	1,384,945	1,452,133	1,341,186	1,528,692	1,342,678	1,255,373	1,591,151	1,947,888	1,779,639	1,709,453	1,355,484	992,530	745,950	728,553	818,418	665,927	478,203	493,596	281,184	240,623	150,705	145,557	105,679	72,700	82,700	55,400	43,300	36,300	39,500	31,800	25,000	21,400	19,600
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
Reconciled Depreciation	690,481	603,780	774,386	784,987	823,798	665,313	557,036	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,121	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	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	121,063	114,558	111,945	99,160	132,797	116,504	120,585	126,428	157,668	167,103	149,551	119,815	118,526	141,104	76,036	79,503	60,149	38,873	32,756	36,234	37,408	22,281	16,447	17,456	19,800	29,100	12,800	8,000	0	0	0	0	0	0
Tax Provision	96,322	283,818	9,938	-192,091	-44,043	143,370	-182,970	-444,172	-275,151	0	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	191,113	160,253	172,331	164,982	204,185	189,998	190,431	202,841	289,324	271,769	231,889	188,152	584,633	420,289	401,931	547,063	346,548	249,724	281,628	157,106	125,461	80,365	71,039	57,585	42,400	54,000	31,200	20,700	15,500	19,600	13,500	10,700	8,800	7,200
Total Other Income Expense Net	67,226	-183,711	-1,099,151	-738,157	-289,621	515,206	-169,587	-632,456	-160,758	421,231	-189,469	-192,787	-226,404	-8,113	-234,483	-311,682	-68,315	-70,793	-116,114	-28,650	-4,291	-2,446	-2,283	-1,437	-100	-17,200	400	1,400	-400	-100	-2,300	-2,300	-600	-1,800
Total Revenue	2,363,889	3,345,906	2,597,915	1,126,582	1,589,243	1,640,155	1,260,404	1,180,376	1,513,934	2,521,661	2,267,177	1,528,254	1,603,318	1,092,834	832,201	1,301,301	990,094	787,701	739,590	433,099	393,934	196,394	207,469	195,666	74,000	78,700	91,000	59,600	38,700	44,800	38,600	50,700	27,800	27,600

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31
Cost Of Revenue	326,450	327,617	303,420	296,537	294,278	305,826	320,416	304,172	343,296	338,446	330,170	267,890	284,897	276,965	261,301	353,041	355,909	340,167	329,380	299,051	303,420	328,743	269,165	251,352	254,226	257,250	277,608	275,858	323,459	346,490	359,611	358,750	409,247	428,447	393,389	413,552	439,918	361,649	365,379	340,924	377,036	354,713	375,468	324,342	323,723	114,666	130,252	98,582	153,244	109,762	80,097	65,812	92,164	73,740	75,473	84,284	82,521	78,727	82,564	82,810	94,514	106,353	91,026	92,229	81,061	77,965	79,312	81,041	50,136	58,739	61,845	52,001	68,469	56,018	39,887	42,367	34,728	33,034	32,349	29,247	26,190	33,797	32,993	29,558	10,324	20,156	18,490	21,643	19,411	19,103	16,266	21,056	15,284	12,183	9,799	10,828	12,800	6,700	5,200	5,700	6,700	7,400	7,200	7,200	6,100	6,900	5,600	5,500	6,400	5,400	5,800	5,800	6,600	4,500	5,300	4,300	5,700	5,800	4,100	4,300	8,200	3,300	3,500	3,300	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	189,107	189,353	157,832	107,330	136,755	145,865	263,560	159,481	200,011	202,701	204,714	166,960	188,934	181,708	180,856	233,489	228,597	211,125	206,330	177,746	181,970	201,105	151,765	130,473	131,393	134,599	153,232	137,812	171,552	193,966	211,020	214,207	240,025	243,879	219,704	217,401	219,277	183,259	187,781	177,215	202,640	195,792	225,731	198,709	204,267	192,432	161,608	169,570	167,298	123,067	115,382	105,356	94,806	83,800	79,770	77,765	75,140	66,958	70,391	91,712	95,260	72,362	76,354	70,354	64,919	59,061	54,657	48,959	44,404	39,817	35,910	34,391	31,825	36,952	33,907	30,074	26,489	24,435	20,673	20,626	20,709	20,765	21,601	18,885	15,263	12,836	13,279	13,054	13,470	13,704	12,884	11,288	13,324	9,627	8,321	8,857	6,600	5,300	5,300	5,400	7,400	5,600	6,500	5,400	6,300	4,100	4,000	4,000	3,600	3,200	2,900	2,900	3,000	2,200	2,400	2,600	2,400	2,700	2,700	2,300	1,800	2,500	2,700	1,800	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	235,225	274,825	202,440	272,047	342,658	486,944	512,806	520,533	461,244	344,306	197,621	142,147	-12,189	-32,191	-137,005	-37,163	20,363	4,377	36,105	-2,268	40,711	78,457	94,133	-43,211	27,571	-1,797	-30,466	13,691	-37,141	-56,241	-117,201	-199,830	-185,206	-119,947	-23,076	-105,076	82,668	181,168	246,502	229,123	171,994	193,903	92,918	98,303	68,322	13,890	101,626	59,478	333,213	421,340	213,171	82,176	66,347	32,856	39,218	208,784	57,601	7,513	14,637	24,124	62,367	118,168	160,073	148,340	108,806	98,425	102,418	82,833	94,851	102,117	104,532	88,111	109,071	102,196	108,172	67,168	66,173	38,735	39,766	35,879	32,854	31,211	42,875	46,419	26,822	5,431	11,591	4,838	3,954	5,598	22,972	31,721	16,258	32,843	24,248	18,075	-7,100	4,600	3,300	700	4,200	2,400	3,900	2,600	3,000	5,700	8,700	18,100	5,400	5,000	300	600	1,300	100	200	1,300	-3,600	4,300	3,800	800	100	3,800	3,100	1,300	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	424,332	464,178	360,272	379,377	479,413	632,809	776,366	680,014	661,255	547,007	402,335	309,107	176,745	149,517	43,851	196,326	248,960	215,502	242,435	175,478	222,681	279,562	245,898	87,262	158,964	132,802	122,766	151,503	134,411	137,725	93,819	14,377	54,819	123,932	196,628	112,325	301,945	364,427	434,283	406,338	374,634	389,695	318,649	297,012	272,589	206,322	263,234	229,048	500,511	544,407	328,553	187,532	161,153	116,656	118,988	286,549	132,741	74,471	85,028	115,836	157,627	190,530	236,427	218,694	173,725	157,486	157,075	131,792	139,255	141,934	140,442	122,502	140,896	139,148	142,079	97,242	92,662	63,170	60,439	56,505	53,563	51,976	64,476	65,304	42,085	18,267	24,870	17,892	17,424	19,302	35,856	43,009	29,582	42,470	32,569	26,932	-500	9,900	8,600	6,100	11,600	8,000	10,400	8,000	9,300	9,800	12,700	22,100	9,000	8,200	3,200	3,500	4,300	2,300	2,600	3,900	-1,200	7,000	6,500	3,100	1,900	6,300	5,800	3,100	-12,700	12,800	12,800	12,700	-14,300	6,900	6,900	6,900	-12,700	6,900	6,900	6,900
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,435	0	-5,435	5,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	280,407	312,082	243,135	274,241	374,972	521,732	669,961	554,549	509,072	421,793	233,679	175,956	35,395	4,050	-91,760	2,693	95,238	50,150	77,530	41,818	89,511	129,840	135,250	132,874	85,775	40,024	10,246	59,417	22,780	-16,218	-67,843	-146,653	-110,047	-59,711	50,873	-11,816	155,257	257,137	309,601	291,796	231,207	265,099	178,801	159,838	114,829	263,784	174,168	275,727	457,412	420,812	297,776	225,977	201,954	153,144	136,224	275,851	159,475	107,060	122,634	116,410	163,655	217,735	265,916	237,806	194,186	168,722	167,842	139,965	152,556	139,301	120,229	141,587	159,425	147,286	126,799	101,451	91,232	75,889	70,174	68,167	71,837	57,202	70,793	71,646	44,934	28,179	31,538	21,130	21,258	23,624	39,510	47,291	45,469	41,653	34,249	26,201	11,300	13,200	10,700	8,400	15,800	9,300	13,100	11,900	15,700	11,600	14,300	25,400	13,000	9,700	5,600	5,600	4,700	3,900	3,700	5,700	4,000	8,300	7,700	4,900	2,300	6,400	6,200	5,300	12,300	12,800	12,800	12,700	7,100	6,900	6,900	6,900	6,900	6,900	6,900	6,900
Income Before Tax	291,814	176,364	191,966	254,058	323,330	600,619	410,196	61,625	434,933	85,554	-223,157	-251,163	-198,604	-121,261	-125,937	-510,903	-129,761	58,345	63,978	-223,606	391,760	-172,671	16,296	416,392	-143,403	-128,382	-190,968	118,940	-330,613	-64,639	-264,579	-542,085	-537,113	-1,026	-98,211	-86,511	530,714	333,686	95,829	104,470	15,751	113,024	122,727	27,109	-104,146	-61,072	39,684	42,017	-192,268	363,443	197,384	-29,558	58,505	24,798	30,500	201,093	2,512	-7,018	-13,419	-141,539	-193,043	139,206	52,782	152,466	50,689	91,624	94,387	63,562	65,972	85,142	64,076	80,131	79,542	42,322	60,578	55,795	41,306	35,125	35,262	34,535	39,100	22,551	39,986	44,433	11,402	11,879	15,858	3,440	1,700	5,595	23,119	31,874	24,581	28,390	23,966	12,350	-7,600	3,900	2,400	600	-8,100	-11,700	3,200	2,500	2,000	6,300	8,600	18,000	6,900	4,700	500	500	-600	-100	400	1,400	-3,600	3,600	3,300	700	-1,300	2,400	2,000	1,400	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	44,703	-45,979	42,092	55,506	64,867	119,379	86,711	12,861	10,033	-39	-162	106	-33,429	-22,969	-36,685	-99,008	-27,706	16,111	13,590	-46,038	82,028	-36,748	-901	98,991	-117,145	-39,270	-71,061	44,506	-129,667	-23,732	-95,898	-194,875	-196,855	-4,140	-40,703	-33,453	198,988	124,748	36,049	38,863	8,755	42,334	46,205	10,382	-37,008	-22,736	14,795	15,681	-71,557	133,346	72,851	-11,055	21,366	9,346	12,432	74,915	1,522	-2,603	-5,097	-53,916	-67,003	51,159	19,232	56,470	17,815	33,971	35,152	23,612	22,440	29,265	23,996	29,605	28,304	14,988	22,317	20,692	14,677	12,560	13,426	13,086	14,425	8,765	15,669	17,071	4,423	4,205	5,269	1,122	729	734	8,885	11,481	8,583	11,251	9,369	4,464	-2,900	1,400	800	200	-3,300	-4,000	1,100	800	600	2,200	3,000	6,400	2,500	1,600	100	100	-600	-200	0	100	-1,600	800	1,000	100	-800	700	800	400	-2,300	-4,500	-4,400	-4,300	-900	-800	-800	-700	-1,000	-900	-800	-700
Interest Expense	23,917	23,106	22,148	22,459	22,638	22,825	35,496	39,387	40,085	40,861	39,536	39,871	40,507	41,519	40,354	41,512	40,911	40,584	39,627	37,980	38,056	38,111	41,654	43,085	43,618	44,091	44,595	46,953	46,356	47,206	34,035	31,088	31,566	33,157	30,779	32,647	27,703	22,621	24,040	24,190	24,541	24,488	21,581	19,101	18,368	18,362	12,712	14,278	12,213	9,372	14,550	9,714	4,727	6,339	6,343	6,787	7,532	7,565	7,663	6,096	20,275	5,359	5,528	7,993	19,895	4,082	3,750	6,053	8,521	2,170	1,549	1,379	8,213	2,344	2,274	2,341	2,199	1,793	1,888	1,764	1,542	1,833	2,367	2,216	1,288	1,110	1,018	452	50	5	35	35	12	25	37	86	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	6,052	19,000	22,148	22,459	22,638	22,825	35,496	39,387	40,085	40,861	39,536	39,871	40,507	41,519	40,354	41,512	40,911	40,584	39,627	37,980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	247,111	222,343	149,874	198,552	258,463	481,240	323,485	48,764	424,900	85,593	-222,995	-251,269	-165,175	-98,292	-89,252	-411,895	-102,055	42,234	50,388	-177,568	309,732	-135,923	17,197	317,401	-26,258	-89,112	-119,907	74,434	-200,946	-40,907	-168,681	-347,210	-340,258	3,114	-57,508	-53,058	331,726	208,938	59,780	65,607	6,996	70,690	76,522	16,727	-67,138	-38,336	24,889	26,336	-120,711	230,097	124,533	-18,503	37,139	15,452	18,068	126,178	990	-4,415	-8,322	-87,623	-126,040	88,047	33,550	95,996	32,874	57,653	59,235	39,950	43,532	55,877	40,080	50,526	51,238	27,334	38,261	35,103	26,629	22,565	21,836	21,449	24,675	13,786	24,317	32,797	6,979	7,674	10,589	2,318	971	4,861	14,234	20,393	15,998	17,139	14,597	7,886	-4,700	2,500	1,600	400	-4,800	-7,700	2,100	1,700	1,600	4,100	5,900	11,600	4,400	3,100	500	500	100	100	300	1,300	-2,000	2,800	2,300	600	-500	1,700	1,200	1,300	2,300	4,500	4,400	4,300	900	800	800	700	1,000	900	800	700
Net Income Applicable To Common Shares	0	222,343	149,874	198,552	258,463	481,240	323,485	48,764	424,900	85,593	-222,995	-251,269	-165,175	-98,292	-89,252	-411,895	-102,055	42,234	50,388	-177,568	309,732	-135,923	17,197	317,401	-26,258	-89,112	-119,907	74,434	-200,946	-40,907	-168,681	-347,210	-340,258	3,114	-57,508	-53,058	331,726	208,938	59,780	65,607	6,996	70,690	76,522	16,727	-67,138	-38,336	24,889	26,336	-120,711	230,097	124,533	-18,503	37,139	15,452	18,068	126,178	990	0	0	0	4,556	86,997	32,469	94,974	32,874	57,653	59,235	39,950	43,532	55,877	40,080	50,526	51,238	27,334	38,261	35,103	26,629	22,565	21,836	21,449	24,675	13,786	24,317	27,362	6,979	7,674	10,589	2,318	971	4,861	14,234	20,393	15,998	17,139	14,597	7,886	0	0	0	0	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	247,111	222,343	149,874	198,552	258,463	481,240	323,485	48,764	424,900	85,593	-222,995	-251,269	-91,805	-98,292	-162,622	-411,895	-102,055	42,234	50,388	-177,568	309,732	-135,923	17,197	317,401	-26,258	-89,112	-119,907	74,434	-200,946	-40,907	-168,681	-347,210	-340,258	3,114	-57,508	-53,058	331,726	208,938	59,780	65,607	6,996	70,690	76,522	16,727	-67,138	-38,336	24,889	26,336	-120,711	230,097	124,533	-18,503	0	15,452	18,068	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-17,865	-19,000	-22,148	-22,459	-22,638	-22,825	-35,496	-39,387	-40,085	-40,861	-39,536	-39,871	-40,507	-41,519	-40,354	-41,512	-40,911	-40,584	-39,627	-37,980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non Operating Income Net Other	0	0	4,763	4,470	3,310	1,163	-67,114	-724	607	158	-2,997	-371	13,950	23,390	227,096	11,701	-547	-548	-562	-317	51	-25,916	1,802	409	1,067	1,301	1,265	300	130	221	5	15,728	26	27	-16,553	571	-68	-672	-1,847	26	3	28	24	12	19	126	5	70	84	27	227	128	0	85	54	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,960	18,428	11,828	15,280	25,257	10,046	21,300	17,459	17,464	18,073	20,064	17,297	18,537	1,001,112	51,491	11,626	10,877	11,348	37,596	22,116	25,991	19,352	29,001	14,243	13,229	11,978	98,149	17,050	13,225	17,584	17,478	82,269	44,274	104,560	191,327	50,078	24,434	24,136	170,350	26,033	59,548	36,919	199,663	25,864	71,237	18,749	193,513	59,797	10,840	15,791	0	16,156	16,873	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	309,911	195,597	209,351	272,047	342,658	486,944	512,806	520,533	474,411	126,257	-180,624	-210,921	-172,047	-103,132	-312,679	-481,092	-88,303	99,477	104,167	-185,309	429,765	-108,644	56,148	459,068	-100,852	-85,592	-147,638	165,593	-284,387	-17,654	-230,549	-526,725	-505,573	32,104	-50,879	-54,435	558,485	356,979	121,716	128,634	40,289	137,484	144,284	46,198	-85,797	-42,836	52,391	56,225	-180,139	372,788	211,707	-19,972	63,179	31,052	36,789	207,751	10,034	457	-5,861	-135,465	-188,716	144,326	58,251	157,340	56,565	95,351	97,983	69,512	69,273	87,222	65,085	80,686	81,000	44,583	62,754	57,657	42,948	36,503	36,585	35,879	40,572	24,311	42,009	46,419	12,500	12,701	16,706	3,782	1,692	5,527	22,972	31,721	26,950	28,099	22,125	12,813	-7,100	4,600	2,900	800	-7,600	-11,400	3,700	2,800	2,600	6,100	8,800	18,400	6,600	5,000	500	500	700	200	300	1,400	-3,300	4,000	3,700	800	-600	3,100	2,500	1,300	-12,700	12,800	12,800	12,700	-14,300	6,900	6,900	6,900	-12,700	6,900	6,900	6,900
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	377,452	368,747	348,878	350,060	336,758	341,777	368,946	337,464	391,731	416,086	365,375	301,328	330,896	311,526	306,361	392,403	430,237	385,392	370,243	342,820	352,289	380,932	312,084	297,373	313,497	300,372	319,585	321,919	383,510	386,734	408,974	411,933	484,432	488,710	467,363	507,383	512,439	436,946	426,631	403,623	436,252	425,937	461,375	385,889	370,249	364,686	202,799	314,901	277,527	109,261	164,929	209,741	227,824	194,113	172,533	151,480	184,405	178,364	190,666	175,118	110,579	177,967	287,069	171,687	217,812	150,399	147,706	150,010	136,103	104,639	101,668	110,427	151,400	157,904	89,938	83,162	85,644	71,676	65,938	61,535	61,458	64,388	61,777	54,785	38,164	38,253	35,027	38,639	38,977	37,200	32,804	36,626	38,626	24,153	20,451	22,449	31,200	15,300	13,000	13,300	26,200	23,500	16,600	16,300	19,200	12,400	11,100	12,500	12,800	10,100	10,900	10,900	10,600	8,200	8,700	8,600	13,000	10,100	8,100	8,400	11,100	6,600	7,200	7,300	25,000	-	-	-	21,400	-	-	-	19,600	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	189,107	189,353	157,832	154,189	143,611	145,865	154,823	159,481	200,011	202,701	204,714	166,960	188,934	181,708	180,856	233,489	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	72,362	76,354	70,354	64,919	59,061	54,657	48,959	44,404	39,817	35,910	34,391	31,825	36,952	33,907	30,074	26,489	24,435	20,673	20,626	20,709	20,765	21,601	18,885	15,263	12,836	13,470	13,054	13,470	13,704	12,884	11,288	13,324	9,627	8,321	8,857	6,600	5,300	5,300	5,400	7,400	5,600	6,500	5,400	6,300	4,100	4,000	4,000	3,000	3,200	3,000	2,900	3,000	2,200	2,400	2,600	2,400	2,700	2,700	2,300	1,800	2,500	2,700	1,800	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	22,079	0	82,958	0	0	0	0	0	0	0	55,349	0	0	0	0	6,650	30,866	0	37,948	0	0	0	30,940	0	0	13,249	23,239	0	5,227	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	36,639	29,255	27,500	27,669	32,843	28,428	28,291	24,996	37,062	25,530	24,639	24,714	20,034	24,452	27,227	27,447	37,213	32,578	30,920	32,086	30,438	29,464	28,920	27,682	35,021	27,880	28,460	29,224	33,311	32,679	28,200	32,238	33,642	37,782	42,605	43,639	52,241	41,696	38,115	35,051	47,977	33,920	35,374	32,280	28,372	32,171	31,130	28,142	118,526	29,787	27,310	25,861	31,560	26,219	25,398	23,486	76,036	20,790	18,160	16,399	79,503	24,145	21,867	21,128	60,149	13,110	13,697	11,141	38,873	9,725	10,429	10,786	32,756	9,772	7,481	10,207	6,693	17,172	9,735	10,997	9,668	9,119	6,018	6,146	11,737	4,388	3,015	3,141	3,533	4,039	3,536	4,021	10,018	2,343	2,331	2,764	11,800	3,300	2,500	2,200	12,100	10,500	2,900	3,700	6,800	1,500	1,500	3,000	2,800	1,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	44,703	-45,979	42,092	55,506	64,867	119,379	86,711	12,861	10,033	-39	-162	106	-33,429	-22,969	-36,685	-99,008	-27,706	16,111	13,590	-46,038	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	51,002	41,130	45,458	53,523	42,480	35,951	48,530	33,292	48,435	77,640	35,205	33,438	45,999	34,561	45,060	39,362	74,328	45,225	40,863	43,769	48,869	52,189	42,919	46,021	59,271	43,122	41,977	46,061	60,051	40,244	49,363	53,183	75,185	60,263	73,974	93,831	72,521	75,297	61,252	62,699	59,216	71,224	85,907	61,547	46,526	250,020	72,547	216,319	124,283	-501	84,832	143,929	135,660	120,373	97,060	67,196	101,884	99,637	108,102	92,308	16,065	71,614	196,043	79,458	136,751	72,434	68,394	68,969	85,967	45,900	39,823	58,426	82,931	101,886	50,051	40,795	50,916	38,642	33,589	32,288	35,268	30,591	28,784	25,227	27,840	18,097	16,537	16,996	19,566	18,097	16,538	15,570	23,342	11,970	10,652	11,621	18,400	8,600	7,800	7,600	19,500	16,100	9,400	9,100	13,100	5,500	5,500	7,000	6,400	4,700	5,100	5,100	4,000	3,700	3,400	4,300	7,300	4,300	4,000	4,100	2,900	3,300	3,700	4,000	-25,000	-	-	-	-21,400	-	-	-	-19,600	-	-	-
Total Other Income Expense Net	80,274	-75,588	16,437	-17,989	-19,328	113,675	-102,610	-458,908	14,381	-217,738	-382,095	-353,810	-147,493	-49,231	51,237	-432,722	-109,760	94,004	66,938	-183,675	389,174	-212,211	-34,381	372,624	-126,289	-81,193	-114,642	152,537	-246,986	39,029	-113,343	-311,167	-320,315	152,105	-44,331	51,783	475,681	174,467	-128,480	-100,463	-131,702	-56,391	51,390	-52,093	-154,100	-56,600	-49,230	-3,183	-513,268	-48,525	-1,237	-102,020	-3,115	-1,719	-2,375	-904	-47,557	-6,966	-20,393	-159,567	-265,023	27,953	-90,200	10,008	-51,371	-2,137	-2,970	-11,837	-28,262	-8,716	-24,126	-4,950	-32,577	-56,796	-31,424	-6,512	-22,892	-1,488	-3,181	-1,344	3,715	-4,600	-866	-1,986	-9,728	4,651	3,410	-704	-2,262	-71	147	153	5,869	-3,160	-651	-3,495	-500	-700	-400	100	-7,900	-9,200	-200	200	-400	400	100	300	1,200	100	200	200	-600	100	100	100	300	-300	-100	-100	-700	-700	-600	100	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	606,857	639,699	546,555	570,778	669,250	827,558	990,377	858,721	852,368	760,239	563,849	443,846	320,292	281,015	169,541	355,734	451,147	390,317	406,910	340,869	392,931	458,583	404,415	384,226	340,001	297,274	287,854	335,275	346,239	330,272	291,768	212,097	299,200	368,736	444,262	401,736	595,175	618,786	674,980	632,720	608,243	619,812	554,269	484,180	438,552	378,450	304,420	374,309	610,656	530,574	377,873	291,789	294,118	226,884	211,697	360,135	241,996	185,787	205,198	199,220	258,169	324,088	356,942	330,035	275,247	246,687	247,154	221,006	202,692	198,040	182,074	193,588	227,894	203,304	166,686	143,818	125,960	108,923	102,523	97,414	98,027	90,999	103,786	101,204	55,258	48,335	50,028	42,773	40,669	42,727	55,776	68,347	60,753	53,836	44,048	37,029	24,100	19,900	15,900	14,100	22,500	16,700	20,300	19,100	21,800	18,500	19,900	30,900	19,400	15,100	11,400	11,400	11,300	8,400	9,000	10,000	9,700	14,100	11,800	9,200	10,500	9,700	9,700	8,600	12,300	12,800	12,800	12,700	7,100	6,900	6,900	6,900	6,900	6,900	6,900	6,900

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

Gross Profit (+$)
totalRevenue	2,363,889
Cost of Revenue	-1,254,024
Gross Profit	1,109,865	1,109,865

Operating Income (+$)
Gross Profit	1,109,865
Operating Expense	-191,113
Operating Income	986,906	918,752

Operating Expense (+$)
Research Development	0
Selling General Administrative	121,063
Selling And Marketing Expenses	0
Operating Expense	191,113	121,063

Net Interest Income (+$)
Interest Income	19,854
Interest Expense	-91,630
Other Finance Cost	-0
Net Interest Income	-71,776

Pretax Income (+$)
Operating Income	986,906
Net Interest Income	-71,776
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	914,202	919,680 EBIT - interestExpense = 846,048 914,202 909,510
Interest Expense	91,630
Earnings Before Interest and Taxes (EBIT)	937,678	1,005,832
Earnings Before Interest and Taxes (EBITDA)	1,628,159

After tax Income (+$)
Income Before Tax	914,202
Tax Provision	-96,322
Net Income From Continuing Ops	817,880	817,880
Net Income	817,880
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,445,137
Total Other Income/Expenses Net	67,226	71,776

Technical Analysis of SM Energy Co
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 SM Energy Co. The general trend of SM Energy Co is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine SM Energy Co's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (85.7%)		Bearish trend (-85.7%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of SM Energy Co.

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

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

The bullish price targets are: 53.26 < 53.56.

The bearish price targets are: 47.47 > 40.27 > 39.77.

Tweet this

SM Energy Co 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 SM Energy Co. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

SM Energy Co 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 SM Energy Co. The current macd is 1.40779698.

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

SM Energy Co 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 SM Energy Co. The current adx is 49.31.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy SM Energy Co shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

SM Energy Co 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 SM Energy Co. The current sar is 52.61.

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

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

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 SM Energy Co. The current rsi is 51.56. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

SM Energy Co 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 SM Energy Co. The current phase is Oversold in bull market.

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

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the SM Energy Co price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

SM Energy Co 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 SM Energy Co. The current cci is -50.19404342.

SM Energy Co 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 SM Energy Co. The current cmo is -19.06265088.

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

SM Energy Co 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 SM Energy Co. The current willr is -89.21348315.

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

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

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 SM Energy Co.

SM Energy Co 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 SM Energy Co. The current atr is 1.24833213.

SM Energy Co 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 SM Energy Co. The current obv is 3,941,123.

SM Energy Co 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 SM Energy Co. The current mfi is 53.09.

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

SM Energy Co Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for SM Energy Co.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of SM Energy Co based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	51.564
Ma 20	Greater than	Ma 50	50.489
Ma 50	Greater than	Ma 100	45.430
Ma 100	Greater than	Ma 200	41.333
Open	Greater than	Close	50.280
Total			5/5 (100.0%)

Create your own Symbol Scanner

Get notifications about SM Energy Co

I send you an email if I find something interesting about SM Energy Co.

SM Energy Co Buy, Hold or Sell?

Let's analyse SM Energy Co together

Get notifications about SM Energy Co

Quick analysis of SM Energy Co (30 sec.)

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

$49.29

$31.01

$20.74 - $101.22

$51.75 - $132.23

2. Growth of SM Energy Co (5 min.)

Is SM Energy Co growing?

How much money is SM Energy Co making?

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

3. Financial Health of SM Energy Co (5 min.)

4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)

Industry Rankings (Oil & Gas E&P)

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

What can you expect buying and holding a share of SM Energy Co?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of SM Energy Co

About SM Energy Co

Financial Health

Valuation

1.1. Profitability of SM Energy Co.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Oil & Gas E&P)

1.1.2. Return on Assets

Trends

Compared to industry (Oil & Gas E&P)

1.1.3. Return on Equity

Trends

Compared to industry (Oil & Gas E&P)

1.2. Operating Efficiency of SM Energy Co.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Oil & Gas E&P)

1.2.2. Operating Ratio

Trends

Compared to industry (Oil & Gas E&P)

1.3. Liquidity of SM Energy Co.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Oil & Gas E&P)

1.3.2. Quick Ratio

Trends

Compared to industry (Oil & Gas E&P)

1.4. Solvency of SM Energy Co.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Oil & Gas E&P)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Oil & Gas E&P)

2. Market Valuation of SM Energy Co

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Oil & Gas E&P)

SM Energy Co
Buy, Hold or Sell?