South State Corp
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Let's analyse South State Corp together

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

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

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

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Quick analysis of South State Corp (30 sec.)

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

How much money do you get?

$2.04

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$72.20

Expected worth in 1 year

$77.91

How sure are you?

85.0%

+ What do you gain per year?

Total Gains per Share

$7.75

Return On Investment

9.8%

For what price can you sell your share?

Current Price per Share

$78.96

Expected price per share

$72.68 - $85.17

How sure are you?

50%

1. Valuation of South State Corp (5 min.)

Live pricePrice per Share (EOD)

$78.96

Book Value per Share

$72.20

Intrinsic Value Per Share

$-241.62 - $25.53

Total Value Per Share

$-169.41 - $97.73

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.35) 3Y: ($2.85) TTM: ($1.66)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.11) 3Y: ($-0.51) TTM: ($-4.68)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.39	$10.13	$-2.67 - $9.66
2	$-6.61	$18.31	$-10.75 - $7.94
3	$-20.14	$24.66	$-18.84 - $6.21
4	$-39.45	$29.27	$-26.92 - $4.48
5	$-63.85	$32.24	$-35.00 - $2.75
6	$-92.69	$33.66	$-43.09 - $1.02
7	$-125.39	$33.61	$-51.17 - $-0.71
8	$-161.43	$32.19	$-59.26 - $-2.43
9	$-200.31	$29.47	$-67.34 - $-4.16
10	$-241.62	$25.53	$-75.42 - $-5.89

2. Growth of South State Corp (5 min.)

Is South State Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$5.5b	$5b	$29.4b	85.3%

How much money is South State Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$123.5m	$124m	-$435.2k	-0.4%
Net Profit Margin	30.3%	31.6%	-	-

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

Quarterly Yearly

3. Financial Health of South State Corp (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of South State Corp?

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

Speculation

The Price per Share of South State Corp is $78.96. 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 South State Corp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $72.20. Based on the TTM, the Book Value Change Per Share is $1.43 per quarter. Based on the YOY, the Book Value Change Per Share is $0.88 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.51 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.39	1.8%	1.62	2.0%	1.63	2.1%	1.16	1.5%	0.76	1.0%
Usd Book Value Change Per Share	-510.22	-646.2%	1.43	1.8%	0.88	1.1%	2.06	2.6%	1.48	1.9%
Usd Dividend Per Share	0.52	0.7%	0.51	0.6%	0.48	0.6%	0.39	0.5%	0.25	0.3%
Usd Total Gains Per Share	-509.71	-645.5%	1.94	2.5%	1.36	1.7%	2.45	3.1%	1.73	2.2%
Usd Price Per Share	84.45	-	72.22	-	78.56	-	72.45	-	73.73	-
Price to Earnings Ratio	15.15	-	11.36	-	12.33	-	16.64	-	51.28	-
Price-to-Total Gains Ratio	-0.17	-	5.55	-	-22.06	-	22.60	-	106.76	-
Price to Book Ratio	1.17	-	0.38	-	1.19	-	1.29	-	2.82	-
Price-to-Total Gains Ratio	-0.17	-	5.55	-	-22.06	-	22.60	-	106.76	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	78.96
Number of shares	12

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.51	0.39
Usd Book Value Change Per Share	1.43	2.06
Usd Total Gains Per Share	1.94	2.45
Gains per Quarter (12 shares)	23.26	29.37
Gains per Year (12 shares)	93.04	117.49

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	24	69	83	19	99	107
2	49	137	176	37	198	224
3	73	206	269	56	296	341
4	98	274	362	75	395	458
5	122	343	455	93	494	575
6	147	411	548	112	593	692
7	171	480	641	131	692	809
8	196	548	734	149	790	926
9	220	617	827	168	889	1043
10	245	685	920	187	988	1160

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	112.0	1.0	0.0	99.1%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	14.0	6.0	0.0	70.0%	32.0	8.0	0.0	80.0%	98.0	14.0	1.0	86.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	113.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	34.0	6.0	0.0	85.0%	104.0	9.0	0.0	92.0%

Fundamentals of South State Corp

About South State Corp

https://www.southstatebank.com
Banks - Regional
5070
1101 First Street South, Winter Haven, FL, United States, 33880
Google Maps Bing Maps

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust management services; and credit cards, letters of credit, and home equity lines of credit. The company also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

Fundamental data was last updated by Penke on 2024-04-12 19:04:06.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of South State Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit South State Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
A Net Profit Margin of 28.0% means that $0.28 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of South State Corp:

The MRQ is 28.0%. The company is making a huge profit. +2
The TTM is 30.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	28.0%	TTM	30.3%	-2.3%
TTM	30.3%	YOY	31.6%	-1.3%
TTM	30.3%	5Y	21.4%	+9.0%
5Y	21.4%	10Y	21.5%	-0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	28.0%	18.4%	+9.6%
TTM	30.3%	28.0%	+2.3%
YOY	31.6%	25.2%	+6.4%
5Y	21.4%	22.8%	-1.4%
10Y	21.5%	19.8%	+1.7%

Measures how much net profit South State Corp earns for each $1 of revenue.

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

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

The net profit margin looks at how much net profit South State Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of South State Corp is 0.28. This means that South State Corp earned $0.28 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of South State Corp

You need the following data to determine net profit margin:

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

Net income MRQ South State Corp = 106,791
Total revenue MRQ South State Corp = 380,844
$106,791 / $380,844 = 0.28 or 28.0%

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 South State Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
0.2% Return on Assets means that South State Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of South State Corp:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1

Trends

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

Compared to industry (Banks - Regional)

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

Shows how efficient South State Corp is using its assets to generate profit.

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively South State Corp is using its resources to generate profit. If the return on assets (0.2%) from South State Corp are higher than the Banks - Regional mean (0.1%) that means South State Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of South State Corp is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example South State Corp

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

Income statement
Balance sheet

Net income MRQ (income statement) from South State Corp = 106,791
Total assets MRQ (balance sheet) from South State Corp = 44,902,024
106,791 / 44,902,024 = 0.00 or 0.2%

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

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

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

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

1.1.3. Return on Equity

Shows how efficient South State Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
1.9% Return on Equity means South State Corp generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of South State Corp:

The MRQ is 1.9%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.9%	TTM	2.3%	-0.4%
TTM	2.3%	YOY	2.5%	-0.1%
TTM	2.3%	5Y	2.0%	+0.3%
5Y	2.0%	10Y	2.0%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.9%	1.4%	+0.5%
TTM	2.3%	2.5%	-0.2%
YOY	2.5%	2.7%	-0.2%
5Y	2.0%	2.5%	-0.5%
10Y	2.0%	2.8%	-0.8%

Shows how efficient South State Corp is using its investors money to generate profit.

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of South State Corp is 1.9%. This means South State Corp generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if South State Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of South State Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) South State Corp = 106,791
Shareholders equity (balance sheet) MRQ South State Corp = 5,533,098
106,791 / 5,533,098 = 0.02 or 1.9%

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 South State Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient South State Corp is operating .

Measures how much profit South State Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
An Operating Margin of 35.9% means the company generated $0.36 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of South State Corp:

The MRQ is 35.9%. The company is operating very efficient. +2
The TTM is 42.8%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	35.9%	TTM	42.8%	-7.0%
TTM	42.8%	YOY	46.0%	-3.1%
TTM	42.8%	5Y	35.4%	+7.4%
5Y	35.4%	10Y	37.4%	-2.0%

Measures how efficient South State Corp is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit South State Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of South State Corp is 35.9%. This means that South State Corp earned $0.36 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of South State Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ South State Corp = 136,584
Total revenue MRQ South State Corp = 380,844
$136,584 / $380,844 = 0.36 or 35.9%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient South State Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of -0.64 means that the operating costs are $-0.64 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of South State Corp:

The MRQ is -0.641.
The TTM is -0.490.

Trends

Current period		Compared to		+/-
MRQ	-0.641	TTM	-0.490	-0.151
TTM	-0.490	YOY	-0.124	-0.366
TTM	-0.490	5Y	-0.101	-0.389
5Y	-0.101	10Y	0.002	-0.103

Measures how efficient South State Corp is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of South State Corp is -64.1%. This means that South State Corp earned $-0.64 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example South State Corp

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(0 +-244,260) \ 380,844 = -0.64

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 South State Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if South State Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 55.47 means the company has $55.47 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of South State Corp:

The MRQ is 55.468. The company is very able to pay all its short-term debts. +2
The TTM is 13.976. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	55.468	TTM	13.976	+41.492
TTM	13.976	YOY	0.159	+13.817
TTM	13.976	5Y	4.227	+9.750
5Y	4.227	10Y	7.364	-3.137

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	13.976	0.124	+13.852
YOY	0.159	0.225	-0.066
5Y	4.227	0.219	+4.008
10Y	7.364	0.131	+7.233

Measures if South State Corp is able to pay off Short-term Debt.

How to use current ratio

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

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for South State Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of South State Corp is 55.47. This means South State Corp has $55.47 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example South State Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
5,546,830 \ 100,000) = 55.47

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
A Quick Ratio of 103.31 means the company can pay off $103.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of South State Corp:

The MRQ is 103.312. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 26.243. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	103.312	TTM	26.243	+77.069
TTM	26.243	YOY	0.697	+25.546
TTM	26.243	5Y	6.291	+19.952
5Y	6.291	10Y	6.717	-0.426

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast South State Corp can pay off its short term debts. This shows if South State Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of South State Corp is 103.31. This means that South State Corp can pay off $103.31 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example South State Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio South State Corp: (5,546,830 + 4,784,388 +0) / 100,000 = 103.31

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 South State Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of South State Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare South State Corp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.88 means that South State Corp assets are financed with 87.7% credit (debt) and the remaining percentage (100% - 87.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of South State Corp:

The MRQ is 0.877. The company is just able to pay all its debts by selling its assets.
The TTM is 0.233. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.877	TTM	0.233	+0.644
TTM	0.233	YOY	0.889	-0.656
TTM	0.233	5Y	0.746	-0.513
5Y	0.746	10Y	0.805	-0.059

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.877	0.915	-0.038
TTM	0.233	0.917	-0.684
YOY	0.889	0.919	-0.030
5Y	0.746	0.919	-0.173
10Y	0.805	0.927	-0.122

Measures how much % of South State Corp assets are financed with debt.

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

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of South State Corp is 0.88. This means means that South State Corp is financed with 87.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example South State Corp

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

Balance sheet
Debt to asset ratio = total debt \ total assets
39,368,926 \ 44,902,024 = 87.7% or 0.88.

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 South State Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare South State Corp to the Banks - Regional industry mean.
A Debt to Equity ratio of 711.5% means that company has $7.12 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of South State Corp:

The MRQ is 7.115. The company is unable to pay all its debts with equity. -1
The TTM is 1.897. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	7.115	TTM	1.897	+5.219
TTM	1.897	YOY	7.983	-6.086
TTM	1.897	5Y	6.009	-4.112
5Y	6.009	10Y	6.221	-0.212

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	7.115	10.829	-3.714
TTM	1.897	11.013	-9.116
YOY	7.983	11.363	-3.380
5Y	6.009	11.437	-5.428
10Y	6.221	13.038	-6.817

Measures if South State Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of South State Corp is 7.12. This means that South State Corp can pay off $7.12 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example South State Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
39,368,926 \ 5,533,098 = 7.12 or 711.5%

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 South State Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings South State Corp generates.

Above 15 is considered overpriced but always compare South State Corp to the Banks - Regional industry mean.
A PE ratio of 15.15 means the investor is paying $15.15 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of South State Corp:

The EOD is 14.166. Based on the earnings, the company is underpriced. +1
The MRQ is 15.151. Based on the earnings, the company is fair priced.
The TTM is 11.362. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	14.166	MRQ	15.151	-0.985
MRQ	15.151	TTM	11.362	+3.789
TTM	11.362	YOY	12.334	-0.972
TTM	11.362	5Y	16.636	-5.275
5Y	16.636	10Y	51.277	-34.640

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	14.166	7.548	+6.618
MRQ	15.151	6.680	+8.471
TTM	11.362	5.295	+6.067
YOY	12.334	6.943	+5.391
5Y	16.636	9.770	+6.866
10Y	51.277	9.943	+41.334

Measures how much money you pay for each share for every $1 in earnings South State Corp generates.

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare South State Corp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of South State Corp is 15.15. This means the investor is paying $15.15 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how South State Corp is performing over time. The most recent quarter might be important if South State Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for South State Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example South State Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 76,634 = EPS
PE ratio MRQ = 15.15

* 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 South State Corp:

The EOD is -5.274. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -5.641. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 6.932. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-5.274	MRQ	-5.641	+0.367
MRQ	-5.641	TTM	6.932	-12.573
TTM	6.932	YOY	6.879	+0.053
TTM	6.932	5Y	8.959	-2.027
5Y	8.959	10Y	28.342	-19.384

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-5.274	-2.110	-3.164
MRQ	-5.641	-1.868	-3.773
TTM	6.932	-0.342	+7.274
YOY	6.879	6.448	+0.431
5Y	8.959	0.429	+8.530
10Y	28.342	0.091	+28.251

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.17 means the investor is paying $1.17 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of South State Corp:

The EOD is 1.094. Based on the equity, the company is underpriced. +1
The MRQ is 1.170. Based on the equity, the company is underpriced. +1
The TTM is 0.381. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.094	MRQ	1.170	-0.076
MRQ	1.170	TTM	0.381	+0.789
TTM	0.381	YOY	1.186	-0.805
TTM	0.381	5Y	1.291	-0.910
5Y	1.291	10Y	2.821	-1.530

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.094	0.436	+0.658
MRQ	1.170	0.386	+0.784
TTM	0.381	0.470	-0.089
YOY	1.186	0.642	+0.544
5Y	1.291	0.795	+0.496
10Y	2.821	1.025	+1.796

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding South State Corp

Institutions are holding 91.003% of the shares of South State Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	12.467	0.0205	9506426	389208	4.2689
2023-12-31	Vanguard Group Inc	11.0794	0.0156	8448323	54147	0.6451
2023-12-31	T. Rowe Price Investment Management,Inc.	5.1664	0.2163	3939491	24856	0.635
2023-12-31	State Street Corporation	4.7402	0.0149	3614540	291416	8.7693
2023-12-31	Dimensional Fund Advisors, Inc.	3.7798	0.0711	2882211	94637	3.395
2023-12-31	Victory Capital Management Inc.	3.6591	0.2479	2790154	-94478	-3.2752
2023-12-31	Franklin Resources Inc	2.8959	0.0872	2208224	466144	26.7579
2023-12-31	American Century Companies Inc	2.2483	0.0995	1714386	-217205	-11.2449
2023-12-31	Geode Capital Management, LLC	2.1813	0.0147	1663298	10375	0.6277
2023-12-31	Morgan Stanley - Brokerage Accounts	2.1667	0.0123	1652190	306668	22.7917
2023-12-31	Earnest Partners LLC	1.9535	0.6281	1489581	-63892	-4.1128
2023-12-31	Goldman Sachs Group Inc	1.9012	0.011	1449690	694910	92.0679
2023-12-31	Wellington Management Company LLP	1.8746	0.0225	1429442	-50413	-3.4066
2023-12-31	Allspring Global Investments Holdings, LLC	1.4652	0.1564	1117283	-69981	-5.8943
2023-12-31	Bank of New York Mellon Corp	1.4644	0.0191	1116666	18906	1.7222
2023-12-31	Northern Trust Corp	1.4439	0.0168	1101006	15702	1.4468
2023-12-31	Charles Schwab Investment Management Inc	1.3182	0.0216	1005187	25328	2.5849
2023-12-31	Macquarie Group Ltd	1.259	0.0937	960035	-3303	-0.3429
2023-12-31	NORGES BANK	1.1722	0.0132	893846	109325	13.9353
2023-12-31	Channing Capital Management, LLC	1.1111	2.1113	847207	-11981	-1.3945
Total		65.3474	3.8937	49829186	+1990369	+4.0%

3.2. Funds holding South State Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.122	0.0129	2380627	-4946	-0.2073
2024-03-28	iShares Core S&P Mid-Cap ETF	3.1032	0.2366	2366245	0	0
2024-02-29	Vanguard Small Cap Index	2.5714	0.1172	1960775	18292	0.9417
2024-03-28	iShares Russell 2000 ETF	2.4944	0.247	1902065	15617	0.8279
2023-12-31	Franklin US Small Cap Value Equity	1.9818	3.0188	1511161	307261	25.5221
2023-12-31	Franklin Small Cap Value SMA Composite	1.9818	3.0188	1511161	307261	25.5221
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.836	1.6809	1400000	-85000	-5.7239
2023-12-31	Victory Sycamore Small Company Opp R	1.836	1.6843	1400000	-85000	-5.7239
2023-12-31	American Century U.S. Small Cap Value	1.7901	1.9597	1365000	-90000	-6.1856
2023-12-31	American Century Small Cap Value Inv	1.7901	1.9565	1365000	-90000	-6.1856
2024-02-29	Vanguard Small Cap Value Index Inv	1.7549	0.2115	1338146	7075	0.5315
2023-12-31	T. Rowe Price Small-Cap Value	1.7145	1.0439	1307337	-35200	-2.6219
2024-02-29	Franklin Small Cap Value A	1.6402	2.5344	1250696	-63123	-4.8045
2023-12-31	American Funds SMALLCAP World A	1.596	0.1428	1217030	266058	27.9775
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4751	0.0926	1124802	7096	0.6349
2024-02-29	Allspring Special Small Cap Value A	1.207	1.3768	920395	8400	0.9211
2024-01-31	Fidelity Small Cap Index	1.0099	0.2581	770042	12001	1.5832
2024-02-29	Calvert Small-Cap A	0.9624	2.0011	733866	32364	4.6135
2024-03-28	iShares Russell 2000 Value ETF	0.9453	0.4887	720802	1019	0.1416
2023-12-31	Calvert US Small-Cap Strategy	0.92	1.9651	701502	38180	5.7559
Total		35.7321	24.0477	27246652	+567355	+2.1%

3.3. Insider Transactions

Insiders are holding 0.98% of the shares of South State Corp.

Date	Owner	Type	Amount	Price
2024-03-20	Daniel E Bockhorst	SELL	3000	81
2024-03-20	Richard Iv Murray	SELL	4900	81.85
2024-01-29	Renee R Brooks	SELL	4025	85.62
2023-11-15	Greg A Lapointe	SELL	2600	75.82
2023-11-13	G Ruffner Page Jr	BUY	2633	68.93
2023-08-04	Greg A Lapointe	SELL	4000	79.19
2023-06-02	John C Pollok	SELL	7744	67.24

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-510.224	1.428	-35830%	0.876	-58371%	2.058	-24887%	1.483	-34499%
Book Value Per Share	-	-	72.202	450.881	-84%	66.247	+9%	132.652	-46%	75.819	-5%
Current Ratio	-	-	55.468	13.976	+297%	0.159	+34694%	4.227	+1212%	7.364	+653%
Debt To Asset Ratio	-	-	0.877	0.233	+276%	0.889	-1%	0.746	+18%	0.805	+9%
Debt To Equity Ratio	-	-	7.115	1.897	+275%	7.983	-11%	6.009	+18%	6.221	+14%
Dividend Per Share	-	-	0.518	0.510	+2%	0.481	+8%	0.389	+33%	0.248	+109%
Eps	-	-	1.394	1.615	-14%	1.626	-14%	1.161	+20%	0.758	+84%
Free Cash Flow Per Share	-	-	-3.743	1.661	-325%	5.613	-167%	2.158	-273%	1.354	-376%
Free Cash Flow To Equity Per Share	-	-	-1.858	3.515	-153%	-1.856	0%	5.667	-133%	3.158	-159%
Gross Profit Margin	-	-	0.974	0.980	-1%	0.982	-1%	0.982	-1%	0.958	+2%
Intrinsic Value_10Y_max	-	-	25.531	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-241.616	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	10.128	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.386	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	24.661	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-20.139	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	32.240	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-63.847	-	-	-	-	-	-	-	-
Market Cap	6020921088.000	-7%	6471749745.000	5525346452.450	+17%	5991450924.930	+8%	5528662283.476	+17%	5624363974.538	+15%
Net Profit Margin	-	-	0.280	0.303	-8%	0.316	-11%	0.214	+31%	0.215	+31%
Operating Margin	-	-	0.359	0.428	-16%	0.460	-22%	0.354	+1%	0.374	-4%
Operating Ratio	-	-	-0.641	-0.490	-24%	-0.124	-81%	-0.101	-84%	0.002	-34931%
Pb Ratio	1.094	-7%	1.170	0.381	+207%	1.186	-1%	1.291	-9%	2.821	-59%
Pe Ratio	14.166	-7%	15.151	11.362	+33%	12.334	+23%	16.636	-9%	51.277	-70%
Price Per Share	78.960	-7%	84.450	72.218	+17%	78.555	+8%	72.452	+17%	73.733	+15%
Price To Free Cash Flow Ratio	-5.274	+7%	-5.641	6.932	-181%	6.879	-182%	8.959	-163%	28.342	-120%
Price To Total Gains Ratio	-0.155	+7%	-0.166	5.553	-103%	-22.065	+13217%	22.605	-101%	106.755	-100%
Quick Ratio	-	-	103.312	26.243	+294%	0.697	+14722%	6.291	+1542%	6.717	+1438%
Return On Assets	-	-	0.002	0.003	-14%	0.003	-13%	0.002	-4%	0.003	-7%
Return On Equity	-	-	0.019	0.023	-17%	0.025	-21%	0.020	-4%	0.020	-3%
Total Gains Per Share	-	-	-509.706	1.938	-26395%	1.356	-37680%	2.448	-20924%	1.731	-29540%
Usd Book Value	-	-	5533098000.000	34477529000.000	-84%	5052736500.000	+10%	10134649800.000	-45%	5791218975.000	-4%
Usd Book Value Change Per Share	-	-	-510.224	1.428	-35830%	0.876	-58371%	2.058	-24887%	1.483	-34499%
Usd Book Value Per Share	-	-	72.202	450.881	-84%	66.247	+9%	132.652	-46%	75.819	-5%
Usd Dividend Per Share	-	-	0.518	0.510	+2%	0.481	+8%	0.389	+33%	0.248	+109%
Usd Eps	-	-	1.394	1.615	-14%	1.626	-14%	1.161	+20%	0.758	+84%
Usd Free Cash Flow	-	-	-286832000.000	126968000.000	-326%	428305750.000	-167%	164680449.950	-274%	103297649.975	-378%
Usd Free Cash Flow Per Share	-	-	-3.743	1.661	-325%	5.613	-167%	2.158	-273%	1.354	-376%
Usd Free Cash Flow To Equity Per Share	-	-	-1.858	3.515	-153%	-1.856	0%	5.667	-133%	3.158	-159%
Usd Market Cap	6020921088.000	-7%	6471749745.000	5525346452.450	+17%	5991450924.930	+8%	5528662283.476	+17%	5624363974.538	+15%
Usd Price Per Share	78.960	-7%	84.450	72.218	+17%	78.555	+8%	72.452	+17%	73.733	+15%
Usd Profit	-	-	106791000.000	123577000.000	-14%	124012250.000	-14%	88650750.000	+20%	57890825.000	+84%
Usd Revenue	-	-	380844000.000	407049500.000	-6%	390765750.000	-3%	314032000.000	+21%	219138449.975	+74%
Usd Total Gains Per Share	-	-	-509.706	1.938	-26395%	1.356	-37680%	2.448	-20924%	1.731	-29540%
	EOD	+4 -4	MRQ	TTM	+9 -27	YOY	+16 -20	5Y	+17 -19	10Y	+17 -19

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	14.166
Price to Book Ratio (EOD)	Between	0-1	1.094
Net Profit Margin (MRQ)	Greater than	0	0.280
Operating Margin (MRQ)	Greater than	0	0.359
Quick Ratio (MRQ)	Greater than	1	103.312
Current Ratio (MRQ)	Greater than	1	55.468
Debt to Asset Ratio (MRQ)	Less than	1	0.877
Debt to Equity Ratio (MRQ)	Less than	1	7.115
Return on Equity (MRQ)	Greater than	0.15	0.019
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			6/10 (60.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	46.411
Ma 20	Greater than	Ma 50	79.789
Ma 50	Greater than	Ma 100	81.476
Ma 100	Greater than	Ma 200	81.963
Open	Greater than	Close	79.740
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Working Capital		-30,689,011	-227,778	-30,916,789	-569,765	-31,486,554	-2,079,478	-33,566,032	39,012,862	5,446,830

Latest Balance Sheet

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

Summary

Total Assets	44,902,024
Total Liabilities	39,368,926
Total Stockholder Equity	5,533,098

	As reported
Total Liabilities	39,368,926
Total Stockholder Equity	+ 5,533,098
Total Assets	= 44,902,024

Assets

Total Assets	44,902,024
Total Current Assets	5,546,830
Long-term Assets	10,111,435

Total Current Assets

Total Current Assets (as reported)	5,546,830
Cash And Cash Equivalents	762,442
Short-term Investments	4,784,388
Total Current Assets (calculated)	5,546,830
+/-	0

Long-term Assets

Long-term Assets (as reported)	10,111,435
Property Plant Equipment	519,197
Goodwill	1,923,106
Long Term Investments	7,495,192
Intangible Assets	173,940
Long-term Assets Other	-10,111,435
Long-term Assets (calculated)	0
+/-	10,111,435

Liabilities & Shareholders' Equity

Total Current Liabilities	100,000
Long-term Liabilities	381,594
Total Stockholder Equity	5,533,098

Total Current Liabilities

Total Current Liabilities (as reported)	100,000
Short-term Debt	100,000
Short Long Term Debt	100,000
Other Current Liabilities	-100,000
Total Current Liabilities (calculated)	100,000
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	381,594
Long term Debt	381,594
Long-term Liabilities (calculated)	381,594
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,533,098
Common Stock	190,055
Retained Earnings	1,685,166
Accumulated Other Comprehensive Income	-582,536
Other Stockholders Equity	4,240,413
Total Stockholder Equity (calculated)	5,533,098
+/-	0

Other

Capital Stock	190,055
Cash and Short Term Investments	5,546,830
Common Stock Shares Outstanding	76,634
Liabilities and Stockholders Equity	44,902,024
Net Debt	-280,848
Net Invested Capital	6,014,692
Net Working Capital	5,446,830
Property Plant and Equipment Gross	843,960
Short Long Term Debt Total	481,594

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

> Total Assets

436,000
454,000
454,000
470,000
497,600
531,800
542,500
559,700
565,600
600,500
617,600
640,300
642,700
693,300
706,900
836,900
872,400
903,017
997,663
955,209
969,848
978,537
1,015,774
1,052,912
1,024,747
1,064,190
1,068,948
1,125,120
1,144,948
1,192,941
1,229,244
1,194,321
1,197,692
1,279,631
1,330,806
1,389,829
1,436,977
1,522,083
1,689,699
1,757,390
1,925,856
2,034,193
2,070,927
2,119,050
2,178,413
2,242,500
2,274,951
2,267,243
2,597,183
2,678,248
2,774,387
2,766,745
2,766,710
2,839,584
2,807,309
2,776,684
2,702,188
3,665,184
3,618,646
3,612,864
3,594,791
3,962,866
3,839,935
3,935,518
3,896,557
4,046,343
4,373,269
4,325,232
5,136,446
5,141,929
5,043,078
8,028,441
7,937,911
7,990,975
7,993,686
7,896,132
7,826,227
8,021,582
8,084,984
8,499,876
8,557,348
8,670,757
8,723,993
8,797,165
8,900,592
11,150,070
11,154,441
11,169,110
14,466,589
14,689,109
14,566,488
14,522,215
14,676,328
15,406,887
15,683,337
15,752,082
15,921,092
16,642,911
37,725,356
37,819,366
37,789,873
39,730,332
40,375,869
40,903,708
41,960,032
46,201,541
46,207,422
45,178,609
43,918,696
44,923,827
44,940,332
44,989,128
44,902,024

44,902,024

44,989,128

44,940,332

44,923,827

43,918,696

45,178,609

46,207,422

46,201,541

41,960,032

40,903,708

40,375,869

39,730,332

37,789,873

37,819,366

37,725,356

16,642,911

15,921,092

15,752,082

15,683,337

15,406,887

14,676,328

14,522,215

14,566,488

14,689,109

14,466,589

11,169,110

11,154,441

11,150,070

8,900,592

8,797,165

8,723,993

8,670,757

8,557,348

8,499,876

8,084,984

8,021,582

7,826,227

7,896,132

7,993,686

7,990,975

7,937,911

8,028,441

5,043,078

5,141,929

5,136,446

4,325,232

4,373,269

4,046,343

3,896,557

3,935,518

3,839,935

3,962,866

3,594,791

3,612,864

3,618,646

3,665,184

2,702,188

2,776,684

2,807,309

2,839,584

2,766,710

2,766,745

2,774,387

2,678,248

2,597,183

2,267,243

2,274,951

2,242,500

2,178,413

2,119,050

2,070,927

2,034,193

1,925,856

1,757,390

1,689,699

1,522,083

1,436,977

1,389,829

1,330,806

1,279,631

1,197,692

1,194,321

1,229,244

1,192,941

1,144,948

1,125,120

1,068,948

1,064,190

1,024,747

1,052,912

1,015,774

978,537

969,848

955,209

997,663

903,017

872,400

836,900

706,900

693,300

642,700

640,300

617,600

600,500

565,600

559,700

542,500

531,800

497,600

470,000

454,000

436,000

> Total Current Assets

425,000
443,000
442,000
457,000
28,800
518,100
529,100
546,500
30,800
588,100
605,400
628,200
24,300
680,200
692,900
815,400
847,500
33,258
36,104
32,149
942,192
36,892
31,749
39,120
40,175
77,531
29,762
55,107
40,514
36,326
49,211
37,614
42,624
39,374
42,920
47,909
1,234,147
65,040
58,675
77,857
1,667,228
1,756,995
1,780,518
1,826,162
1,886,805
1,940,684
1,956,514
1,939,536
2,221,511
2,310,712
2,397,410
2,400,840
2,415,203
2,499,058
2,479,602
2,429,045
2,356,359
3,208,200
3,167,055
3,185,237
3,206,610
3,579,445
3,437,035
3,461,563
3,415,363
3,532,798
3,675,702
3,639,675
4,334,971
4,373,215
4,278,353
6,809,497
6,530,715
6,591,715
6,601,154
6,489,611
6,438,984
6,636,510
6,664,778
7,008,082
6,943,096
7,091,281
7,134,664
7,272,866
7,294,876
8,864,721
8,915,295
8,956,523
11,432,761
11,665,750
11,615,669
11,603,903
11,792,054
12,482,527
12,506,006
12,481,661
12,515,359
13,220,497
32,026,036
31,673,240
30,982,949
32,022,039
32,214,878
32,060,375
5,670,131
6,542,392
6,227,524
5,836,916
5,875,209
5,718,157
5,502,234
5,138,535
5,546,830

5,546,830

5,138,535

5,502,234

5,718,157

5,875,209

5,836,916

6,227,524

6,542,392

5,670,131

32,060,375

32,214,878

32,022,039

30,982,949

31,673,240

32,026,036

13,220,497

12,515,359

12,481,661

12,506,006

12,482,527

11,792,054

11,603,903

11,615,669

11,665,750

11,432,761

8,956,523

8,915,295

8,864,721

7,294,876

7,272,866

7,134,664

7,091,281

6,943,096

7,008,082

6,664,778

6,636,510

6,438,984

6,489,611

6,601,154

6,591,715

6,530,715

6,809,497

4,278,353

4,373,215

4,334,971

3,639,675

3,675,702

3,532,798

3,415,363

3,461,563

3,437,035

3,579,445

3,206,610

3,185,237

3,167,055

3,208,200

2,356,359

2,429,045

2,479,602

2,499,058

2,415,203

2,400,840

2,397,410

2,310,712

2,221,511

1,939,536

1,956,514

1,940,684

1,886,805

1,826,162

1,780,518

1,756,995

1,667,228

77,857

58,675

65,040

1,234,147

47,909

42,920

39,374

42,624

37,614

49,211

36,326

40,514

55,107

29,762

77,531

40,175

39,120

31,749

36,892

942,192

32,149

36,104

33,258

847,500

815,400

692,900

680,200

24,300

628,200

605,400

588,100

30,800

546,500

529,100

518,100

28,800

457,000

442,000

443,000

425,000

Cash And Cash Equivalents

0
0
0
0
28,800
27,300
29,900
29,200
30,800
27,000
26,100
31,400
24,300
27,100
32,000
32,000
41,300
33,258
36,104
32,149
32,001
36,892
31,749
39,120
40,175
77,531
29,762
55,107
40,514
36,326
49,211
37,614
42,624
39,374
42,920
47,909
54,137
65,040
58,675
77,857
61,694
81,326
79,793
73,831
48,406
55,922
60,524
49,761
66,032
70,830
60,654
57,637
48,465
49,823
81,042
56,574
80,697
87,348
72,756
77,225
83,865
130,618
88,407
136,469
131,551
331,812
143,149
108,192
201,726
233,069
161,840
297,350
217,243
366,506
395,270
276,862
237,357
630,734
593,382
889,380
695,794
697,277
481,912
507,517
374,448
663,126
431,890
403,934
377,627
644,504
396,849
307,309
408,983
949,591
851,971
719,194
688,704
1,262,836
4,363,708
4,471,639
4,609,255
392,556
529,434
597,321
476,653
588,372
561,516
394,794
548,387
558,158
552,900
514,917
762,442

762,442

514,917

552,900

558,158

548,387

394,794

561,516

588,372

476,653

597,321

529,434

392,556

4,609,255

4,471,639

4,363,708

1,262,836

688,704

719,194

851,971

949,591

408,983

307,309

396,849

644,504

377,627

403,934

431,890

663,126

374,448

507,517

481,912

697,277

695,794

889,380

593,382

630,734

237,357

276,862

395,270

366,506

217,243

297,350

161,840

233,069

201,726

108,192

143,149

331,812

131,551

136,469

88,407

130,618

83,865

77,225

72,756

87,348

80,697

56,574

81,042

49,823

48,465

57,637

60,654

70,830

66,032

49,761

60,524

55,922

48,406

73,831

79,793

81,326

61,694

77,857

58,675

65,040

54,137

47,909

42,920

39,374

42,624

37,614

49,211

36,326

40,514

55,107

29,762

77,531

40,175

39,120

31,749

36,892

32,001

32,149

36,104

33,258

41,300

32,000

27,100

24,300

31,400

26,100

27,000

30,800

29,200

29,900

27,300

28,800

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
158
0
0
0
1,049
0
0
0
35
0
0
0
8,583
0
0
0
17,876
0
0
0
44,580
175,622
184,744
185,801
32,946
190,719
208,440
216,693
223,580
211,199
215,834
198,899
183,220
15,417
15,416
15,416
173,303
22,230
22,181
21,116
197,374
189,654
20,427
281,926
289,195
322,588
16,099
476,023
534,883
510,852
511,347
626,798
786,791
793,124
795,741
805,114
806,766
808,396
841,661
885,798
1,009,541
978,047
989,610
925,374
999,405
1,381,013
1,341,652
1,320,679
1,650,710
1,640,837
1,577,999
1,551,281
1,517,067
1,466,249
1,717,276
1,813,134
1,956,047
1,971,195
3,138,212
3,561,929
3,330,672
3,891,490
4,369,159
4,631,554
5,193,478
5,924,206
5,666,008
5,369,610
5,326,822
5,159,999
4,949,334
4,623,618
4,784,388

4,784,388

4,623,618

4,949,334

5,159,999

5,326,822

5,369,610

5,666,008

5,924,206

5,193,478

4,631,554

4,369,159

3,891,490

3,330,672

3,561,929

3,138,212

1,971,195

1,956,047

1,813,134

1,717,276

1,466,249

1,517,067

1,551,281

1,577,999

1,640,837

1,650,710

1,320,679

1,341,652

1,381,013

999,405

925,374

989,610

978,047

1,009,541

885,798

841,661

808,396

806,766

805,114

795,741

793,124

786,791

626,798

511,347

510,852

534,883

476,023

16,099

322,588

289,195

281,926

20,427

189,654

197,374

21,116

22,181

22,230

173,303

15,416

15,417

183,220

198,899

215,834

211,199

223,580

216,693

208,440

190,719

32,946

185,801

184,744

175,622

44,580

17,876

8,583

1,049

158

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
265,890
267,486
212,103
303,795
299,200
274,658
262,651
231,331
200,569
174,321
146,171
124,340
104,048
115,773
93,947
67,984
43,766
30,983
22,161
16,713
11,035
7,942
4,401
2,091
6,380,657
6,529,790
6,077,740
7,911,845
8,184,596
8,268,415
1,289
10,638,808
10,830,368
10,909,181
10,528,112
11,146,122
11,226,192
11,290,147
0
11,506,890
25,499,147
25,237,815
24,664,134
24,491,465
24,033,078
23,788,949
0
0
0
28,511,905
29,821,418
30,325,497
0
0
0

30,325,497

29,821,418

28,511,905

23,788,949

24,033,078

24,491,465

24,664,134

25,237,815

25,499,147

11,506,890

11,290,147

11,226,192

11,146,122

10,528,112

10,909,181

10,830,368

10,638,808

1,289

8,268,415

8,184,596

7,911,845

6,077,740

6,529,790

6,380,657

2,091

4,401

7,942

11,035

16,713

22,161

30,983

43,766

67,984

93,947

115,773

104,048

124,340

146,171

174,321

200,569

231,331

262,651

274,658

299,200

303,795

212,103

267,486

265,890

Other Current Assets

425,000
443,000
442,000
457,000
0
490,800
499,200
517,300
0
561,100
579,300
596,800
0
653,100
660,900
783,400
806,200
0
0
0
910,191
910,191
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,180,010
0
0
0
1,605,534
1,675,669
1,700,725
1,752,331
1,838,399
1,884,762
1,895,990
1,889,775
2,155,479
2,239,882
2,336,756
2,343,203
2,366,738
2,433,818
2,383,144
2,357,055
2,275,662
3,098,622
2,806,228
2,819,410
2,910,642
3,145,032
3,029,001
3,050,436
3,021,161
2,969,655
3,315,885
3,357,162
3,452,191
3,504,954
3,501,118
5,769,576
5,432,734
5,364,101
5,366,377
5,376,652
5,372,700
5,346,575
5,382,928
5,465,507
5,531,607
5,677,744
5,954,124
6,112,383
6,057,264
6,923,064
7,162,912
7,300,317
9,408,641
9,434,876
9,714,551
9,792,661
9,898,681
10,066,687
10,036,759
9,949,333
9,870,608
9,986,466
27,634,463
26,838,773
26,625,432
27,371,172
26,901,807
26,459,028
26,704,994
130,376
-61,241
34,477
364,007
402,551
0
417,988
0

417,988

402,551

364,007

34,477

-61,241

130,376

26,704,994

26,459,028

26,901,807

27,371,172

26,625,432

26,838,773

27,634,463

9,986,466

9,870,608

9,949,333

10,036,759

10,066,687

9,898,681

9,792,661

9,714,551

9,434,876

9,408,641

7,300,317

7,162,912

6,923,064

6,057,264

6,112,383

5,954,124

5,677,744

5,531,607

5,465,507

5,382,928

5,346,575

5,372,700

5,376,652

5,366,377

5,364,101

5,432,734

5,769,576

3,501,118

3,504,954

3,452,191

3,357,162

3,315,885

2,969,655

3,021,161

3,050,436

3,029,001

3,145,032

2,910,642

2,819,410

2,806,228

3,098,622

2,275,662

2,357,055

2,383,144

2,433,818

2,366,738

2,343,203

2,336,756

2,239,882

2,155,479

1,889,775

1,895,990

1,884,762

1,838,399

1,752,331

1,700,725

1,675,669

1,605,534

1,180,010

910,191

806,200

783,400

660,900

653,100

596,800

579,300

561,100

517,300

499,200

490,800

457,000

442,000

443,000

425,000

> Long-term Assets

11,000
11,000
12,000
13,000
171,700
13,700
13,400
13,200
176,000
12,400
12,200
12,100
207,700
13,100
14,000
21,500
24,900
209,923
205,003
203,452
27,656
192,911
202,256
235,020
209,470
200,267
228,446
198,321
193,137
221,214
215,385
194,202
184,656
177,042
204,828
205,284
202,830
195,657
215,410
216,109
258,628
277,198
290,409
292,888
291,608
301,816
318,437
327,707
375,672
367,536
376,977
365,905
351,507
340,526
327,707
347,639
345,829
456,984
451,591
427,627
388,181
383,421
402,900
473,955
481,194
513,545
697,567
685,557
801,475
768,714
764,725
1,218,944
1,400,783
1,399,260
1,392,532
1,390,477
1,387,243
1,385,072
1,420,206
1,491,794
1,614,252
1,579,476
1,589,329
1,524,299
1,605,716
2,285,349
2,239,146
2,212,587
3,033,828
3,023,359
2,950,819
2,918,312
2,884,274
2,924,360
3,177,331
3,270,421
3,405,733
3,422,414
5,699,320
6,146,126
6,806,924
7,708,293
8,160,991
8,843,333
9,584,907
11,721,526
11,445,839
11,009,017
2,737,992
10,665,963
10,419,051
10,082,896
10,111,435

10,111,435

10,082,896

10,419,051

10,665,963

2,737,992

11,009,017

11,445,839

11,721,526

9,584,907

8,843,333

8,160,991

7,708,293

6,806,924

6,146,126

5,699,320

3,422,414

3,405,733

3,270,421

3,177,331

2,924,360

2,884,274

2,918,312

2,950,819

3,023,359

3,033,828

2,212,587

2,239,146

2,285,349

1,605,716

1,524,299

1,589,329

1,579,476

1,614,252

1,491,794

1,420,206

1,385,072

1,387,243

1,390,477

1,392,532

1,399,260

1,400,783

1,218,944

764,725

768,714

801,475

685,557

697,567

513,545

481,194

473,955

402,900

383,421

388,181

427,627

451,591

456,984

345,829

347,639

327,707

340,526

351,507

365,905

376,977

367,536

375,672

327,707

318,437

301,816

291,608

292,888

290,409

277,198

258,628

216,109

215,410

195,657

202,830

205,284

204,828

177,042

184,656

194,202

215,385

221,214

193,137

198,321

228,446

200,267

209,470

235,020

202,256

192,911

27,656

203,452

205,003

209,923

24,900

21,500

14,000

13,100

207,700

12,100

12,200

12,400

176,000

13,200

13,400

13,700

171,700

13,000

12,000

11,000

Property Plant Equipment

8,000
8,000
9,000
10,000
10,800
10,800
10,700
10,600
9,900
9,800
9,800
9,900
10,500
11,100
12,100
15,800
15,700
15,963
16,467
16,612
16,311
16,250
17,974
17,853
19,537
21,327
23,847
26,766
28,186
30,984
31,932
32,010
32,647
32,963
33,470
33,491
33,667
33,744
38,228
39,062
43,664
44,518
47,057
47,969
48,904
49,718
51,182
52,504
55,454
55,966
57,698
64,056
66,392
73,606
73,404
72,523
71,829
72,079
84,206
86,396
87,381
87,326
90,529
90,020
94,250
93,209
106,458
105,579
115,583
110,792
109,794
184,959
188,114
187,127
184,113
173,425
171,772
171,565
171,582
174,662
174,537
176,412
177,950
179,450
183,510
203,505
201,539
198,146
255,565
253,605
245,288
241,909
241,076
322,553
321,348
323,506
317,321
312,151
627,943
626,259
579,239
569,171
568,473
569,817
558,499
568,332
562,781
531,160
520,635
517,146
518,353
516,583
519,197

519,197

516,583

518,353

517,146

520,635

531,160

562,781

568,332

558,499

569,817

568,473

569,171

579,239

626,259

627,943

312,151

317,321

323,506

321,348

322,553

241,076

241,909

245,288

253,605

255,565

198,146

201,539

203,505

183,510

179,450

177,950

176,412

174,537

174,662

171,582

171,565

171,772

173,425

184,113

187,127

188,114

184,959

109,794

110,792

115,583

105,579

106,458

93,209

94,250

90,020

90,529

87,326

87,381

86,396

84,206

72,079

71,829

72,523

73,404

73,606

66,392

64,056

57,698

55,966

55,454

52,504

51,182

49,718

48,904

47,969

47,057

44,518

43,664

39,062

38,228

33,744

33,667

33,491

33,470

32,963

32,647

32,010

31,932

30,984

28,186

26,766

23,847

21,327

19,537

17,853

17,974

16,250

16,311

16,612

16,467

15,963

15,700

15,800

12,100

11,100

10,500

9,900

9,800

9,900

10,600

10,700

10,800

10,000

9,000

8,000

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
2,363
0
0
0
3,717
0
0
0
32,220
32,220
32,313
32,313
32,313
32,313
32,313
32,313
61,709
61,722
62,888
62,888
62,888
62,888
62,888
62,888
62,888
62,888
0
0
62,888
62,888
62,888
62,888
62,888
62,888
66,542
66,529
100,602
100,487
100,193
319,180
317,828
319,107
317,385
317,688
317,688
317,688
317,688
338,342
338,340
338,340
338,340
338,340
338,340
595,711
595,817
597,236
999,586
999,592
1,002,722
1,002,900
1,002,900
1,002,900
1,002,900
1,002,900
1,002,900
1,002,900
1,603,383
1,566,524
1,563,942
1,579,758
1,581,085
1,581,085
1,581,085
1,924,024
1,922,525
1,922,525
1,923,106
1,923,106
1,923,106
1,923,106
1,923,106

1,923,106

1,922,525

1,924,024

1,581,085

1,579,758

1,563,942

1,566,524

1,603,383

1,002,900

1,002,722

999,592

999,586

597,236

595,817

595,711

338,340

338,342

317,688

317,385

319,107

317,828

319,180

100,193

100,487

100,602

66,529

66,542

62,888

61,722

61,709

32,313

32,220

3,717

2,363

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
17,956
45,870
45,809
34,706
42,525
71,585
65,279
50,449
47,980
52,467
30,586
57,200
56,407
56,595
60,270
87,342
73,055
48,985
41,649
34,933
48,926
6,546,120
6,693,898
7,915,828
8,206,701
8,269,525
10,646,307
10,632,211
10,815,036
12,460,106
12,527,608
12,629,770
12,982,175
13,179,543
2,005,171
13,468,013
29,943,254
29,978,465
34,204,505
30,152,795
5,808,956
30,655,410
7,251,636
9,005,467
8,740,376
9,430,866
8,221,043
8,030,702
7,787,797
7,458,637
7,495,192

7,495,192

7,458,637

7,787,797

8,030,702

8,221,043

9,430,866

8,740,376

9,005,467

7,251,636

30,655,410

5,808,956

30,152,795

34,204,505

29,978,465

29,943,254

13,468,013

2,005,171

13,179,543

12,982,175

12,629,770

12,527,608

12,460,106

10,815,036

10,632,211

10,646,307

8,269,525

8,206,701

7,915,828

6,693,898

6,546,120

48,926

34,933

41,649

48,985

73,055

87,342

60,270

56,595

56,407

57,200

30,586

52,467

47,980

50,449

65,279

71,585

42,525

34,706

45,809

45,870

17,956

Intangible Assets

3,000
3,000
3,000
3,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,723
0
0
0
0
0
0
0
0
0
0
0
3,293
0
0
0
4,585
0
0
18,756
36,068
0
32,313
32,313
35,679
32,313
32,313
32,313
65,586
65,486
66,507
66,363
66,221
66,090
65,959
65,827
65,695
73,900
73,468
73,037
72,605
62,888
62,888
62,888
62,888
62,888
13,429
79,391
25,199
24,180
23,159
62,195
79,873
78,493
74,386
73,343
70,840
68,733
70,585
74,647
73,627
69,218
65,979
64,802
68,885
85,524
82,896
80,409
104,908
104,572
105,082
102,493
97,627
92,034
86,683
81,757
80,341
73,174
196,352
206,215
206,412
208,146
202,477
197,506
193,687
223,703
220,157
215,849
203,060
195,009
189,795
184,570
173,940

173,940

184,570

189,795

195,009

203,060

215,849

220,157

223,703

193,687

197,506

202,477

208,146

206,412

206,215

196,352

73,174

80,341

81,757

86,683

92,034

97,627

102,493

105,082

104,572

104,908

80,409

82,896

85,524

68,885

64,802

65,979

69,218

73,627

74,647

70,585

68,733

70,840

73,343

74,386

78,493

79,873

62,195

23,159

24,180

25,199

79,391

13,429

62,888

72,605

73,037

73,468

73,900

65,695

65,827

65,959

66,090

66,221

66,363

66,507

65,486

65,586

32,313

35,679

32,313

36,068

18,756

4,585

3,293

9,723

3,000

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
2,263,896
2,414,536
2,410,488
2,491,219
3,108,969
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

3,108,969

2,491,219

2,410,488

2,414,536

2,263,896

Other Assets

0
0
0
0
297,100
0
0
0
358,800
0
0
0
410,700
0
0
0
0
659,836
756,556
719,608
200,561
748,734
781,769
778,772
775,102
786,392
810,740
871,692
911,297
935,401
964,648
962,505
970,412
1,063,215
1,083,058
1,136,636
1,639,807
1,261,386
1,415,614
1,463,424
2,184,484
2,311,391
2,361,336
2,411,938
2,470,021
2,544,316
2,593,388
2,594,950
2,972,855
3,045,784
3,151,364
3,132,650
3,118,217
3,180,110
3,135,016
3,124,323
3,048,017
4,122,168
4,070,237
4,040,491
3,982,972
4,346,287
4,242,835
4,409,473
4,377,751
4,559,888
5,070,836
5,010,789
5,937,921
5,910,643
5,807,803
9,247,385
6,413
9,390,235
9,386,218
16,044
9,213,470
9,406,654
9,505,190
9,991,670
10,171,600
10,250,233
10,313,322
10,321,464
10,506,308
13,435,419
13,393,587
13,381,697
17,500,417
17,712,468
17,517,307
17,440,527
17,560,602
18,331,247
18,860,668
19,022,503
19,326,825
20,065,325
43,424,676
43,965,492
44,596,797
47,438,625
48,536,860
49,747,041
26,704,994
27,937,623
28,534,059
28,332,676
35,305,495
28,539,707
29,019,047
29,767,697
29,243,759

29,243,759

29,767,697

29,019,047

28,539,707

35,305,495

28,332,676

28,534,059

27,937,623

26,704,994

49,747,041

48,536,860

47,438,625

44,596,797

43,965,492

43,424,676

20,065,325

19,326,825

19,022,503

18,860,668

18,331,247

17,560,602

17,440,527

17,517,307

17,712,468

17,500,417

13,381,697

13,393,587

13,435,419

10,506,308

10,321,464

10,313,322

10,250,233

10,171,600

9,991,670

9,505,190

9,406,654

9,213,470

16,044

9,386,218

9,390,235

6,413

9,247,385

5,807,803

5,910,643

5,937,921

5,010,789

5,070,836

4,559,888

4,377,751

4,409,473

4,242,835

4,346,287

3,982,972

4,040,491

4,070,237

4,122,168

3,048,017

3,124,323

3,135,016

3,180,110

3,118,217

3,132,650

3,151,364

3,045,784

2,972,855

2,594,950

2,593,388

2,544,316

2,470,021

2,411,938

2,361,336

2,311,391

2,184,484

1,463,424

1,415,614

1,261,386

1,639,807

1,136,636

1,083,058

1,063,215

970,412

962,505

964,648

935,401

911,297

871,692

810,740

786,392

775,102

778,772

781,769

748,734

200,561

719,608

756,556

659,836

410,700

358,800

297,100

> Total Liabilities

397,000
413,000
413,000
423,000
449,300
482,800
491,500
506,800
511,700
545,300
558,400
578,700
580,400
630,500
644,600
761,500
796,600
826,077
918,685
873,210
884,912
890,708
925,899
960,292
931,682
969,910
970,510
1,024,248
1,041,452
1,087,293
1,121,173
1,084,473
1,085,343
1,164,621
1,216,986
1,273,083
1,318,179
1,401,258
1,565,210
1,630,107
1,777,453
1,882,428
1,916,409
1,958,719
2,016,525
2,075,900
2,105,115
2,091,771
2,382,118
2,458,218
2,552,924
2,547,158
2,521,782
2,528,404
2,527,557
2,494,901
2,419,369
3,330,418
3,284,043
3,277,669
3,264,834
3,596,816
3,468,830
3,553,796
3,514,777
3,659,836
3,948,363
3,891,308
4,628,897
4,627,718
4,526,486
7,058,415
6,956,441
7,056,812
7,040,668
6,929,137
6,841,307
7,014,018
7,061,205
7,451,564
7,497,964
7,588,703
7,619,650
7,673,033
7,766,004
9,570,170
9,548,956
9,536,285
12,157,669
12,366,530
12,218,121
12,154,076
12,310,032
13,030,410
13,309,359
13,401,126
13,548,079
14,321,868
33,233,506
33,255,953
33,141,993
35,010,512
35,618,246
36,110,767
37,157,092
41,027,133
41,166,997
40,257,423
38,843,769
1,292,182
792,090
391,997
39,368,926

39,368,926

391,997

792,090

1,292,182

38,843,769

40,257,423

41,166,997

41,027,133

37,157,092

36,110,767

35,618,246

35,010,512

33,141,993

33,255,953

33,233,506

14,321,868

13,548,079

13,401,126

13,309,359

13,030,410

12,310,032

12,154,076

12,218,121

12,366,530

12,157,669

9,536,285

9,548,956

9,570,170

7,766,004

7,673,033

7,619,650

7,588,703

7,497,964

7,451,564

7,061,205

7,014,018

6,841,307

6,929,137

7,040,668

7,056,812

6,956,441

7,058,415

4,526,486

4,627,718

4,628,897

3,891,308

3,948,363

3,659,836

3,514,777

3,553,796

3,468,830

3,596,816

3,264,834

3,277,669

3,284,043

3,330,418

2,419,369

2,494,901

2,527,557

2,528,404

2,521,782

2,547,158

2,552,924

2,458,218

2,382,118

2,091,771

2,105,115

2,075,900

2,016,525

1,958,719

1,916,409

1,882,428

1,777,453

1,630,107

1,565,210

1,401,258

1,318,179

1,273,083

1,216,986

1,164,621

1,085,343

1,084,473

1,121,173

1,087,293

1,041,452

1,024,248

970,510

969,910

931,682

960,292

925,899

890,708

884,912

873,210

918,685

826,077

796,600

761,500

644,600

630,500

580,400

578,700

558,400

545,300

511,700

506,800

491,500

482,800

449,300

423,000

413,000

397,000

> Total Current Liabilities

26,000
31,000
33,000
21,000
0
0
0
0
0
0
0
0
670,000
611,000
625,000
728,000
769,000
799,000
896,000
824,000
828,000
870,000
875,000
909,000
883,000
920,000
921,000
974,000
991,000
1,037,000
1,071,000
1,034,000
1,033,000
1,113,000
1,125,000
1,221,000
1,266,000
1,349,000
1,471,000
1,533,000
1,633,000
1,747,000
1,774,000
1,819,000
1,927,000
1,936,000
2,004,000
2,003,000
2,334,000
2,285,000
2,393,000
2,374,000
2,443,000
2,375,000
2,384,000
2,351,000
2,275,000
3,267,000
3,221,000
3,216,000
3,218,000
3,550,000
3,423,000
3,507,000
3,468,000
3,614,000
3,902,000
3,845,000
4,574,000
4,573,000
4,472,000
6,957,000
6,848,000
6,956,000
6,940,000
6,812,000
6,740,000
6,959,000
7,006,000
7,397,000
7,443,000
7,534,000
7,565,000
7,618,000
7,711,000
9,462,000
9,451,000
9,453,000
100,000
12,151,000
12,102,000
12,038,000
150,000
12,414,160
12,492,945
12,585,355
700,000
13,005,768
30,319,632
30,321,630
31,078,617
32,920,715
34,631,064
34,044,863
35,836,068
39,546,239
39,545,850
37,879,794
36,564,220
36,634,946
36,988,788
38,704,567
100,000

100,000

38,704,567

36,988,788

36,634,946

36,564,220

37,879,794

39,545,850

39,546,239

35,836,068

34,044,863

34,631,064

32,920,715

31,078,617

30,321,630

30,319,632

13,005,768

700,000

12,585,355

12,492,945

12,414,160

150,000

12,038,000

12,102,000

12,151,000

100,000

9,453,000

9,451,000

9,462,000

7,711,000

7,618,000

7,565,000

7,534,000

7,443,000

7,397,000

7,006,000

6,959,000

6,740,000

6,812,000

6,940,000

6,956,000

6,848,000

6,957,000

4,472,000

4,573,000

4,574,000

3,845,000

3,902,000

3,614,000

3,468,000

3,507,000

3,423,000

3,550,000

3,218,000

3,216,000

3,221,000

3,267,000

2,275,000

2,351,000

2,384,000

2,375,000

2,443,000

2,374,000

2,393,000

2,285,000

2,334,000

2,003,000

2,004,000

1,936,000

1,927,000

1,819,000

1,774,000

1,747,000

1,633,000

1,533,000

1,471,000

1,349,000

1,266,000

1,221,000

1,125,000

1,113,000

1,033,000

1,034,000

1,071,000

1,037,000

991,000

974,000

921,000

920,000

883,000

909,000

875,000

870,000

828,000

824,000

896,000

799,000

769,000

728,000

625,000

611,000

670,000

21,000

33,000

31,000

26,000

Short-term Debt

26,000
31,000
33,000
21,000
0
0
0
0
0
0
0
0
0
0
0
0
7,700
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
323,607
0
0
0
344,107
0
396,318
360,574
369,810
460,419
432,554
374,931
100,000
579,257
455,820
919
150,000
0
0
0
700,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100,000

100,000

700,000

150,000

919

455,820

579,257

100,000

374,931

432,554

460,419

369,810

360,574

396,318

344,107

323,607

7,700

21,000

33,000

31,000

26,000

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
323,607
0
0
0
344,107
0
396,318
360,574
369,810
460,419
432,554
374,931
7
579,257
455,820
919
7
0
0
0
700,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100,000

100,000

700,000

919

455,820

579,257

374,931

432,554

460,419

369,810

360,574

396,318

344,107

323,607

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
735,122
738,647
730,422
757,576
795,139
805,215
829,061
811,523
835,339
849,343
890,699
898,163
941,405
985,928
933,512
946,278
1,001,071
1,007,817
1,144,653
1,171,313
1,245,921
1,324,260
1,365,220
1,473,289
1,595,440
1,623,238
1,657,416
1,706,715
1,716,399
1,783,269
1,813,842
1,927,889
2,016,229
2,056,846
2,138,727
2,153,274
2,151,868
2,180,366
2,127,119
2,104,639
2,995,114
3,011,867
3,020,146
3,004,148
3,319,550
3,205,828
3,287,652
3,254,472
3,356,637
3,660,972
3,589,298
4,298,360
4,219,356
4,182,969
6,663,106
6,555,497
6,630,653
6,576,138
6,518,228
6,461,045
6,633,657
6,667,528
7,078,009
7,100,428
7,161,948
7,163,926
7,247,406
7,334,423
9,033,438
9,031,654
9,062,021
11,532,766
11,663,098
11,638,289
11,613,875
11,646,933
11,918,971
11,922,280
12,023,787
12,177,096
12,344,547
29,957,285
29,969,954
30,693,882
32,441,410
33,242,369
33,560,558
35,054,829
38,775,830
38,875,851
37,666,021
36,350,623
0
0
36,935,198
0

36,935,198

36,350,623

37,666,021

38,875,851

38,775,830

35,054,829

33,560,558

33,242,369

32,441,410

30,693,882

29,969,954

29,957,285

12,344,547

12,177,096

12,023,787

11,922,280

11,918,971

11,646,933

11,613,875

11,638,289

11,663,098

11,532,766

9,062,021

9,031,654

9,033,438

7,334,423

7,247,406

7,163,926

7,161,948

7,100,428

7,078,009

6,667,528

6,633,657

6,461,045

6,518,228

6,576,138

6,630,653

6,555,497

6,663,106

4,182,969

4,219,356

4,298,360

3,589,298

3,660,972

3,356,637

3,254,472

3,287,652

3,205,828

3,319,550

3,004,148

3,020,146

3,011,867

2,995,114

2,104,639

2,127,119

2,180,366

2,151,868

2,153,274

2,138,727

2,056,846

2,016,229

1,927,889

1,813,842

1,783,269

1,716,399

1,706,715

1,657,416

1,623,238

1,595,440

1,473,289

1,365,220

1,324,260

1,245,921

1,171,313

1,144,653

1,007,817

1,001,071

946,278

933,512

985,928

941,405

898,163

890,699

849,343

835,339

811,523

829,061

805,215

795,139

757,576

730,422

738,647

735,122

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
670,000
611,000
625,000
728,000
761,300
799,000
896,000
824,000
828,000
870,000
875,000
909,000
883,000
920,000
921,000
974,000
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
0
0
0
0
0
0
3,205,828
3,287,652
3,254,472
3,356,637
3,660,972
3,589,298
4,298,360
4,219,356
4,182,969
6,663,106
6,555,497
6,630,653
6,576,138
6,518,228
6,461,045
6,633,657
6,667,528
7,078,009
7,100,428
7,161,948
7,163,926
7,247,406
7,334,423
9,033,438
9,031,654
9,062,021
11,532,766
11,663,098
11,638,289
11,613,875
11,646,933
11,918,971
11,922,280
12,023,787
0
12,344,547
30,319,632
30,321,630
31,078,617
32,920,715
33,728,456
34,044,863
35,436,024
39,119,649
39,160,491
37,879,794
36,564,220
36,634,946
36,988,788
0
-100,000

-100,000

36,988,788

36,634,946

36,564,220

37,879,794

39,160,491

39,119,649

35,436,024

34,044,863

33,728,456

32,920,715

31,078,617

30,321,630

30,319,632

12,344,547

12,023,787

11,922,280

11,918,971

11,646,933

11,613,875

11,638,289

11,663,098

11,532,766

9,062,021

9,031,654

9,033,438

7,334,423

7,247,406

7,163,926

7,161,948

7,100,428

7,078,009

6,667,528

6,633,657

6,461,045

6,518,228

6,576,138

6,630,653

6,555,497

6,663,106

4,182,969

4,219,356

4,298,360

3,589,298

3,660,972

3,356,637

3,254,472

3,287,652

3,205,828

974,000

921,000

920,000

883,000

909,000

875,000

870,000

828,000

824,000

896,000

799,000

761,300

728,000

625,000

611,000

670,000

> Long-term Liabilities

2,000
3,000
4,000
3,000
0
0
0
0
0
0
0
0
6,000
20,000
20,000
34,000
27,000
27,000
23,000
49,000
57,000
21,000
51,000
51,000
50,000
50,000
50,000
50,000
49,500
49,500
49,500
49,500
52,050
52,025
92,000
51,975
51,928
51,903
94,190
97,294
144,257
135,240
141,723
140,457
90,416
140,399
100,882
88,865
143,860
173,340
160,249
172,738
177,477
152,799
144,430
144,048
143,624
62,929
62,557
62,183
46,978
46,587
46,275
46,955
46,683
46,397
46,105
45,807
54,897
54,638
54,372
101,347
6,956,441
100,963
101,045
6,929,137
101,210
55,003
55,055
55,107
55,158
55,210
55,254
55,306
55,358
107,988
98,147
83,307
116,385
215,589
115,754
115,919
116,084
616,250
816,414
815,771
105,626
1,316,100
1,089,279
1,089,637
379,869
390,323
351,548
326,807
327,066
405,553
392,460
40,257,423
38,843,769
1,292,182
792,090
391,997
381,594

381,594

391,997

792,090

1,292,182

38,843,769

40,257,423

392,460

405,553

327,066

326,807

351,548

390,323

379,869

1,089,637

1,089,279

1,316,100

105,626

815,771

816,414

616,250

116,084

115,919

115,754

215,589

116,385

83,307

98,147

107,988

55,358

55,306

55,254

55,210

55,158

55,107

55,055

55,003

101,210

6,929,137

101,045

100,963

6,956,441

101,347

54,372

54,638

54,897

45,807

46,105

46,397

46,683

46,955

46,275

46,587

46,978

62,183

62,557

62,929

143,624

144,048

144,430

152,799

177,477

172,738

160,249

173,340

143,860

88,865

100,882

140,399

90,416

140,457

141,723

135,240

144,257

97,294

94,190

51,903

51,928

51,975

92,000

52,025

52,050

49,500

50,000

51,000

21,000

57,000

49,000

23,000

27,000

34,000

20,000

6,000

3,000

4,000

3,000

2,000

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
46,275
46,955
46,683
46,397
46,105
45,807
54,897
54,638
54,372
101,347
102,060
100,963
101,045
101,127
101,210
55,003
55,055
55,107
55,158
55,210
55,254
55,306
55,358
107,988
98,147
83,307
216,385
215,589
115,754
115,919
266,084
616,250
816,414
815,771
815,936
1,316,100
1,718,032
1,679,252
1,195,011
402,256
543,221
485,007
410,137
412,168
666,802
1,082,948
1,034,143
1,706,584
1,375,717
0
0

1,375,717

1,706,584

1,034,143

1,082,948

666,802

412,168

410,137

485,007

543,221

402,256

1,195,011

1,679,252

1,718,032

1,316,100

815,936

815,771

816,414

616,250

266,084

115,919

115,754

215,589

216,385

83,307

98,147

107,988

55,358

55,306

55,254

55,210

55,158

55,107

55,055

55,003

101,210

101,127

101,045

100,963

102,060

101,347

54,372

54,638

54,897

45,807

46,105

46,397

46,683

46,955

46,275

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,035
5,098
5,633
4,338
8,839
7,415
5,465
4,042
6,393
4,947
5,424
5,173
6,344
4,412
5,545
6,048
10,014
8,588
5,241
5,730
7,212
6,250
7,671
9,744
12,401
11,165
12,891
16,289
17,695
19,975
16,568
14,183
16,471
13,147
11,365
18,638
17,752
15,084
12,128
8,591
34,706
32,338
31,435
22,691
24,119
29,177
34,786
33,186
21,390
21,022
29,873
37,019
25,023
26,698
60,170
81,071
70,211
82,890
62,509
57,511
48,584
50,719
57,927
54,147
59,511
59,406
65,053
62,450
76,313
85,137
99,858
121,661
124,175
124,012
135,042
121,996
125,033
157,579
158,084
136,976
149,024
320,836
384,426
1,278,266
1,300,198
528,930
1,363,666
993,958
1,075,341
1,228,687
1,641,232
391,972
517,948
0
554,766
0

554,766

517,948

391,972

1,641,232

1,228,687

1,075,341

993,958

1,363,666

528,930

1,300,198

1,278,266

384,426

320,836

149,024

136,976

158,084

157,579

125,033

121,996

135,042

124,012

124,175

121,661

99,858

85,137

76,313

62,450

65,053

59,406

59,511

54,147

57,927

50,719

48,584

57,511

62,509

82,890

70,211

81,071

60,170

26,698

25,023

37,019

29,873

21,022

21,390

33,186

34,786

29,177

24,119

22,691

31,435

32,338

34,706

8,591

12,128

15,084

17,752

18,638

11,365

13,147

16,471

14,183

16,568

19,975

17,695

16,289

12,891

11,165

12,401

9,744

7,671

6,250

7,212

5,730

5,241

8,588

10,014

6,048

5,545

4,412

6,344

5,173

5,424

4,947

6,393

4,042

5,465

7,415

8,839

4,338

5,633

5,098

5,035

> Total Stockholder Equity

40,000
41,000
41,000
47,000
48,300
49,000
51,000
52,900
53,900
55,200
59,200
61,600
62,300
62,800
62,300
75,400
75,800
76,940
78,978
81,999
84,936
87,829
89,875
92,620
93,065
94,280
98,438
100,872
103,496
105,648
108,071
109,848
112,349
115,010
113,820
116,746
118,798
120,825
124,489
127,283
148,403
151,765
154,518
160,331
161,888
166,600
169,836
175,472
215,065
220,030
221,463
219,587
244,928
311,180
279,752
281,783
282,819
334,766
334,603
335,195
329,957
366,050
371,105
381,722
381,780
386,507
424,906
433,924
507,549
514,211
516,592
970,026
981,470
934,163
953,018
966,995
984,920
1,007,564
1,023,779
1,048,312
1,059,384
1,082,054
1,104,343
1,124,132
1,134,588
1,579,900
1,605,485
1,632,825
2,308,920
2,322,579
2,348,367
2,368,139
2,366,296
2,376,477
2,373,978
2,350,956
2,373,013
2,321,043
4,491,850
4,563,413
4,647,880
4,719,820
4,757,623
4,792,941
4,802,940
5,174,408
5,040,425
4,921,186
5,074,927
5,249,004
5,290,010
5,230,987
5,533,098

5,533,098

5,230,987

5,290,010

5,249,004

5,074,927

4,921,186

5,040,425

5,174,408

4,802,940

4,792,941

4,757,623

4,719,820

4,647,880

4,563,413

4,491,850

2,321,043

2,373,013

2,350,956

2,373,978

2,376,477

2,366,296

2,368,139

2,348,367

2,322,579

2,308,920

1,632,825

1,605,485

1,579,900

1,134,588

1,124,132

1,104,343

1,082,054

1,059,384

1,048,312

1,023,779

1,007,564

984,920

966,995

953,018

934,163

981,470

970,026

516,592

514,211

507,549

433,924

424,906

386,507

381,780

381,722

371,105

366,050

329,957

335,195

334,603

334,766

282,819

281,783

279,752

311,180

244,928

219,587

221,463

220,030

215,065

175,472

169,836

166,600

161,888

160,331

154,518

151,765

148,403

127,283

124,489

120,825

118,798

116,746

113,820

115,010

112,349

109,848

108,071

105,648

103,496

100,872

98,438

94,280

93,065

92,620

89,875

87,829

84,936

81,999

78,978

76,940

75,800

75,400

62,300

62,800

62,300

61,600

59,200

55,200

53,900

52,900

51,000

49,000

48,300

47,000

41,000

40,000

Common Stock

11,000
11,000
11,000
12,000
0
0
0
0
0
0
0
0
0
0
0
17,600
17,600
17,603
17,603
17,588
17,567
17,528
17,577
17,523
17,412
17,382
17,426
17,438
19,183
19,197
19,204
19,215
19,225
19,298
19,186
19,102
19,143
20,145
20,172
20,181
21,612
21,681
21,714
21,764
21,798
22,955
22,988
23,005
25,401
25,465
25,509
25,564
28,127
28,299
31,742
31,781
31,849
31,877
31,935
31,949
31,985
34,897
34,969
35,011
35,099
35,130
37,715
37,785
42,344
42,545
42,580
60,166
60,260
60,296
60,325
60,338
60,377
60,392
60,494
60,529
60,407
60,445
60,488
60,523
60,576
73,077
73,148
73,168
91,899
91,958
92,064
91,808
89,574
88,421
86,839
84,757
84,361
83,611
177,268
177,321
177,434
177,651
175,957
174,795
173,331
189,403
189,103
189,191
189,261
189,649
189,990
190,043
190,055

190,055

190,043

189,990

189,649

189,261

189,191

189,103

189,403

173,331

174,795

175,957

177,651

177,434

177,321

177,268

83,611

84,361

84,757

86,839

88,421

89,574

91,808

92,064

91,958

91,899

73,168

73,148

73,077

60,576

60,523

60,488

60,445

60,407

60,529

60,494

60,392

60,377

60,338

60,325

60,296

60,260

60,166

42,580

42,545

42,344

37,785

37,715

35,130

35,099

35,011

34,969

34,897

31,985

31,949

31,935

31,877

31,849

31,781

31,742

28,299

28,127

25,564

25,509

25,465

25,401

23,005

22,988

22,955

21,798

21,764

21,714

21,681

21,612

20,181

20,172

20,145

19,143

19,102

19,186

19,298

19,225

19,215

19,204

19,197

19,183

17,438

17,426

17,382

17,412

17,523

17,577

17,528

17,567

17,588

17,603

17,600

12,000

11,000

Retained Earnings

12,000
13,000
14,000
15,000
22,900
13,900
15,100
16,300
17,200
18,500
19,900
21,200
6,200
7,600
8,900
12,200
13,500
15,131
16,967
18,788
20,228
22,320
24,436
26,544
28,485
30,817
33,104
35,243
20,071
22,264
24,847
27,426
29,787
31,841
33,853
36,452
26,486
29,187
31,921
34,902
37,614
40,927
44,452
48,233
51,508
38,838
42,846
46,923
50,499
54,731
59,147
57,534
59,171
60,952
60,550
60,561
59,915
106,713
105,115
104,730
103,117
103,262
105,799
113,752
116,198
120,837
126,304
132,798
135,986
143,573
153,040
159,980
168,577
179,842
192,961
207,219
223,156
241,526
260,591
279,681
298,919
316,642
333,900
354,490
370,916
379,535
401,706
427,093
419,847
452,982
480,928
515,155
551,108
582,034
609,444
646,325
679,895
643,345
542,677
604,564
657,451
770,952
836,584
925,044
997,657
1,064,064
1,146,230
1,241,413
1,347,042
1,448,636
1,533,508
1,618,080
1,685,166

1,685,166

1,618,080

1,533,508

1,448,636

1,347,042

1,241,413

1,146,230

1,064,064

997,657

925,044

836,584

770,952

657,451

604,564

542,677

643,345

679,895

646,325

609,444

582,034

551,108

515,155

480,928

452,982

419,847

427,093

401,706

379,535

370,916

354,490

333,900

316,642

298,919

279,681

260,591

241,526

223,156

207,219

192,961

179,842

168,577

159,980

153,040

143,573

135,986

132,798

126,304

120,837

116,198

113,752

105,799

103,262

103,117

104,730

105,115

106,713

59,915

60,561

60,550

60,952

59,171

57,534

59,147

54,731

50,499

46,923

42,846

38,838

51,508

48,233

44,452

40,927

37,614

34,902

31,921

29,187

26,486

36,452

33,853

31,841

29,787

27,426

24,847

22,264

20,071

35,243

33,104

30,817

28,485

26,544

24,436

22,320

20,228

18,788

16,967

15,131

13,500

12,200

8,900

7,600

6,200

21,200

19,900

18,500

17,200

16,300

15,100

13,900

22,900

15,000

14,000

13,000

12,000

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
231,640
232,314
233,232
233,422
262,647
263,569
328,843
329,636
330,563
760,507
762,354
698,079
699,324
700,579
701,764
702,648
704,625
706,227
703,929
701,462
703,445
705,124
711,307
1,132,173
1,134,328
1,136,352
1,807,601
1,807,989
1,811,446
1,805,685
1,750,495
1,719,396
1,676,229
1,617,004
1,607,740
1,584,322
3,759,166
3,764,482
3,765,406
3,772,248
3,720,946
3,693,622
3,653,098
4,214,897
4,195,976
4,207,040
4,215,712
4,224,503
4,228,910
0
0

4,228,910

4,224,503

4,215,712

4,207,040

4,195,976

4,214,897

3,653,098

3,693,622

3,720,946

3,772,248

3,765,406

3,764,482

3,759,166

1,584,322

1,607,740

1,617,004

1,676,229

1,719,396

1,750,495

1,805,685

1,811,446

1,807,989

1,807,601

1,136,352

1,134,328

1,132,173

711,307

705,124

703,445

701,462

703,929

706,227

704,625

702,648

701,764

700,579

699,324

698,079

762,354

760,507

330,563

329,636

328,843

263,569

262,647

233,422

233,232

232,314

231,640

Treasury Stock

Other Stockholders Equity

17,000
17,000
18,000
20,000
25,500
35,700
35,800
36,200
36,200
36,200
38,900
39,000
54,800
54,900
55,000
45,600
44,700
44,206
44,408
45,623
47,141
47,981
47,862
48,553
47,168
46,081
47,908
48,191
62,423
62,527
62,576
62,639
62,722
62,933
61,643
60,732
72,079
72,516
72,715
72,801
90,481
90,851
91,233
91,559
92,099
107,694
108,055
108,367
140,652
140,950
141,439
141,911
166,815
170,270
195,181
195,660
196,437
196,793
197,305
197,885
198,647
230,826
231,640
232,314
233,232
233,422
262,647
263,569
328,843
329,636
330,563
760,507
762,355
698,079
699,324
700,579
701,764
702,648
704,625
706,227
703,929
701,462
703,445
705,124
711,307
1,132,173
1,134,328
1,136,352
1,807,601
1,807,989
1,811,446
1,805,685
1,750,495
1,719,396
1,676,229
1,617,004
1,607,740
1,584,322
3,759,166
3,764,482
3,765,406
3,772,248
3,720,946
3,693,622
3,653,098
4,214,897
4,195,976
4,207,040
4,215,712
4,224,503
4,228,910
4,238,753
4,240,413

4,240,413

4,238,753

4,228,910

4,224,503

4,215,712

4,207,040

4,195,976

4,214,897

3,653,098

3,693,622

3,720,946

3,772,248

3,765,406

3,764,482

3,759,166

1,584,322

1,607,740

1,617,004

1,676,229

1,719,396

1,750,495

1,805,685

1,811,446

1,807,989

1,807,601

1,136,352

1,134,328

1,132,173

711,307

705,124

703,445

701,462

703,929

706,227

704,625

702,648

701,764

700,579

699,324

698,079

762,355

760,507

330,563

329,636

328,843

263,569

262,647

233,422

233,232

232,314

231,640

230,826

198,647

197,885

197,305

196,793

196,437

195,660

195,181

170,270

166,815

141,911

141,439

140,950

140,652

108,367

108,055

107,694

92,099

91,559

91,233

90,851

90,481

72,801

72,715

72,516

72,079

60,732

61,643

62,933

62,722

62,639

62,576

62,527

62,423

48,191

47,908

46,081

47,168

48,553

47,862

47,981

47,141

45,623

44,408

44,206

44,700

45,600

55,000

54,900

54,800

39,000

38,900

36,200

35,800

35,700

25,500

20,000

18,000

17,000

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	0	36,350,623	35,054,829	30,693,882	12,177,096	11,646,933	11,532,766	7,334,423	7,100,428	6,461,045	6,555,497	4,298,360	3,254,472	3,004,148	2,104,639	2,153,274	1,927,889	1,706,715	1,473,289	1,171,313	946,278	898,163	811,523	757,576	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-582,536	-677,088	-21,146	47,589	1,017	-24,881	-10,427	-8,211	-3,871	-377	-9,723	376	-2,749	-3,792	-5,382	-9,185	-1,487	-3,517	-1,304	1,090	615	1,819	1,152	-347	-2,900	1,300	500	-100	54
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	190,055	189,261	173,331	177,434	84,361	89,574	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	4,215,712	3,653,098	3,765,406	1,607,740	1,750,495	1,807,601	711,307	703,929	701,764	762,354	328,843	233,232	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	762,442	548,387	476,653	4,609,255	688,704	408,983	377,627	374,448	695,794	237,357	217,243	201,726	131,551	83,865	80,697	48,465	66,032	48,406	61,694	54,137	42,624	40,514	40,175	32,001	41,300	24,300	30,800	28,800	24,144
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	5,295,310	5,875,209	5,670,131	7,939,927	2,644,751	1,893,373	2,024,120	1,237,612	1,407,088	1,044,123	1,004,034	736,609	131,551	83,865	80,697	48,465	66,032	48,406	61,694	54,137	42,624	40,514	40,175	32,001	41,300	24,300	30,800	28,800	24,144
Common Stock	190,055	189,261	173,331	177,434	84,361	89,574	91,899	60,576	60,407	60,377	60,260	42,344	35,099	31,985	31,849	28,127	25,401	21,798	21,612	19,143	19,225	19,183	17,412	17,567	17,600	0	0	0	11,222
Common Stock Shares Outstanding	76,480	75,181	70,889	55,063	34,797	36,776	29,922	24,219	24,224	24,154	20,077	14,796	13,751	12,720	12,109	10,394	9,305	9,672	8,622	8,556	8,530	8,521	8,499	8,573	8,479	8,319	8,280	7,706	5,981
Common Stock Total Equity	0	189,261	173,331	177,434	84,361	89,574	91,899	60,576	60,407	60,377	60,260	42,344	35,099	31,985	31,849	28,127	25,401	21,798	21,612	19,143	19,225	19,183	17,412	17,567	17,600	0	0	0	11,222
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	2,491,219	1,723,168	1,866,511	1,238,035	1,444,490	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	1,923,106	1,923,106	1,581,085	1,563,942	1,002,900	1,002,900	999,586	338,340	338,340	317,688	317,828	100,602	62,888	62,888	62,888	62,888	61,709	32,313	32,220	3,717	2,363	0	0	0	0	0	0	0	0
Intangible Assets	173,940	203,060	193,687	206,412	80,341	97,627	104,908	68,885	73,627	70,840	79,873	25,199	62,888	72,605	65,695	66,221	65,586	35,679	36,068	4,585	3,293	0	0	9,723	0	0	0	0	0
Inventory	0	1,167	3,465	12,256	6,859	11,792	11,799	19,024	31,178	102,996	95,504	131,784	129,680	129,285	20,665	21,868	17,841	23,833	13,340	15,549	13,811	40,192	21,582	848	0	0	0	0	0
Liabilities And Stockholders Equity	44,902,024	43,918,696	41,960,032	37,789,873	15,921,092	14,676,328	14,466,589	8,900,592	8,557,348	7,826,227	7,937,911	5,136,446	3,896,557	3,594,791	2,702,188	2,766,710	2,597,183	2,178,413	1,925,856	1,436,977	1,197,692	1,144,948	1,024,747	969,848	872,400	642,700	565,600	497,600	436,322
Long Term Debt	381,594	392,275	327,066	1,195,011	105,626	266,084	216,385	55,358	55,158	101,210	102,060	54,897	46,683	45,617	142,064	139,505	96,799	88,789	88,885	51,805	51,928	49,500	49,500	13,000	0	0	0	0	0
Long Term Debt Total	0	1,034,143	410,137	1,195,011	115,929	266,084	216,385	55,358	55,158	101,210	102,060	54,897	46,683	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	7,495,192	8,221,043	7,251,636	34,204,505	2,005,171	12,527,608	10,646,307	6,693,898	41,649	60,270	30,586	65,279	45,809	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-280,848	-156,112	-149,587	-4,219,076	127,232	-142,899	-161,242	-319,090	-640,636	-136,147	-115,183	-146,829	-84,868	-36,887	62,927	129,012	77,828	42,010	82,563	-2,209	9,426	8,986	9,325	25,049	-14,500	27,700	23,200	4,200	1,689
Net Invested Capital	6,014,692	5,467,202	5,130,006	5,027,749	3,178,639	2,632,380	2,525,305	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	29,821,418	0	24,664,134	0	10,528,112	1,289	6,077,740	4,401	22,161	93,947	146,171	262,651	212,103	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Tangible Assets	0	3,035,371	3,093,788	2,921,346	1,320,297	1,300,496	1,235,545	756,400	721,044	667,232	662,039	406,947	318,892	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	5,195,310	-30,689,011	-30,165,937	-23,138,690	1,944,751	11,642,054	11,332,761	-415,770	-499,710	-301,016	-317,285	-239,029	-52,637	-11,390	359	-27,797	-112,489	-87,195	34,228	-31,853	-990,376	0	0	0	839,800	0	0	0	-1,689
Non Current Assets Total	2,695,433	2,737,992	9,584,907	6,806,924	3,405,733	2,884,274	3,033,828	1,605,716	1,614,252	1,387,243	1,400,783	801,475	481,194	388,181	345,829	351,507	375,672	291,608	258,628	202,830	184,656	193,137	209,470	27,656	24,900	207,700	176,000	171,700	159,746
Non Current Liabilities Other	0	1,245,406	1,310,931	1,258,544	0	397,015	408,518	376,223	342,378	279,052	292,472	275,640	213,622	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	381,594	38,843,769	327,066	390,179	815,936	116,084	116,385	55,358	55,158	101,210	6,956,441	54,897	46,683	46,978	143,624	177,477	143,860	90,416	144,257	51,928	52,050	49,500	49,500	57,050	19,100	0	0	0	0
Non Currrent Assets Other	-7,580,356	-8,307,653	-64,964	-110,946	-31,316	-37,128	-45,902	-31,123	-37,827	-42,692	-74,325	-33,901	2,919,882	-325,293	-282,941	62,888	61,709	32,313	32,220	3,717	-184,656	-193,137	-209,470	11,345	9,200	-207,700	-176,000	-171,700	-159,746
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	36,911,281	35,305,495	26,704,994	23,043,022	9,870,608	17,560,602	17,500,417	10,506,308	10,171,600	9,213,470	6,413	5,937,921	4,377,751	3,982,972	3,048,017	3,118,217	2,972,855	2,470,021	2,184,484	1,639,807	970,412	911,297	775,102	8,488	0	410,700	358,800	297,100	252,432
Other Current Assets	0	364,007	26,704,994	26,625,432	9,870,608	9,898,681	9,408,641	6,057,264	5,531,607	5,372,700	5,432,734	3,452,191	3,021,161	2,910,642	2,275,662	2,366,738	2,155,479	1,838,399	1,605,534	1,180,010	0	0	0	910,191	806,200	0	0	0	0
Other Current Liab	-100,000	36,564,220	35,436,024	31,078,617	-700,000	12,043,955	11,841,284	7,334,423	7,100,428	6,461,045	6,555,497	4,298,360	3,254,472	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liab	0	391,972	993,958	1,278,266	137,022	121,945	118,757	61,771	53,429	57,511	81,071	37,019	33,186	22,691	8,591	18,638	14,183	16,289	9,744	5,730	6,048	5,173	4,042	4,338	0	0	0	0	0
Other Stockholder Equity	4,240,413	4,215,712	3,653,098	3,765,406	1,607,740	1,750,495	1,807,601	711,307	703,929	701,764	762,355	328,843	233,232	198,647	196,437	166,815	140,652	92,099	90,481	72,079	62,722	62,423	47,168	47,141	44,700	54,800	36,200	25,500	16,314
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	843,960	819,265	844,031	579,239	317,321	241,076	255,565	183,510	174,537	171,772	188,114	115,583	94,250	87,381	71,829	66,392	55,454	48,904	43,664	33,667	32,647	28,186	19,537	16,311	15,700	10,500	9,900	10,800	8,250
Property Plant And Equipment Net	519,197	520,635	558,499	579,239	317,321	241,076	255,565	183,510	174,537	171,772	188,114	115,583	94,250	87,381	71,829	66,392	55,454	48,904	43,664	33,667	32,647	28,186	19,537	16,311	15,700	10,500	9,900	10,800	8,250
Property Plant Equipment	0	520,635	558,499	579,239	317,321	241,076	255,565	183,510	174,537	171,772	188,114	115,583	94,250	87,381	71,829	66,392	55,454	48,904	43,664	33,667	32,647	28,186	19,537	16,311	0	0	0	0	0
Retained Earnings	1,685,166	1,347,042	997,657	657,451	679,895	551,108	419,847	370,916	298,919	223,156	168,577	135,986	116,198	103,117	59,915	59,171	50,499	51,508	37,614	26,486	29,787	20,071	28,485	20,228	13,500	6,200	17,200	22,900	12,241
Retained Earnings Total Equity	0	1,347,042	997,657	657,451	0	551,108	419,847	370,916	298,919	223,156	168,577	135,986	116,198	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	100,000	0	0	0	700,000	150,000	100,000	369,810	344,107	323,607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	481,594	392,275	327,066	390,179	815,936	266,084	216,385	55,358	55,158	101,210	102,060	54,897	46,683	46,978	143,624	177,477	143,860	90,416	144,257	51,928	52,050	49,500	49,500	57,050	26,800	52,000	54,000	33,000	25,833
Short Term Debt	100,000	0	0	0	700,000	150,000	100,000	369,810	344,107	323,607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,700	0	0	0	25,833
Short Term Investments	4,784,388	5,326,822	5,193,478	3,330,672	1,956,047	1,517,067	1,650,710	999,405	1,009,541	806,766	786,791	534,883	289,195	197,374	173,303	183,220	223,580	182,113	153,628	17,876	8,583	35	1,049	158	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	44,902,024	43,918,696	41,960,032	37,789,873	15,921,092	14,676,328	14,466,589	8,900,592	8,557,348	7,826,227	7,937,911	5,136,446	3,896,557	3,594,791	2,702,188	2,766,710	2,597,183	2,178,413	1,925,856	1,436,977	1,197,692	1,144,948	1,024,747	969,848	872,400	642,700	565,600	497,600	436,322
Total Current Assets	5,295,310	5,875,209	5,670,131	7,939,927	2,644,751	11,792,054	11,432,761	7,294,876	6,943,096	6,438,984	6,530,715	4,334,971	3,415,363	3,206,610	2,356,359	2,415,203	2,221,511	1,886,805	1,667,228	1,234,147	42,624	40,514	40,175	942,192	847,500	24,300	30,800	28,800	24,144
Total Current Liabilities	100,000	36,564,220	35,836,068	31,078,617	700,000	150,000	100,000	7,710,646	7,442,806	6,740,000	6,848,000	4,574,000	3,468,000	3,218,000	2,356,000	2,443,000	2,334,000	1,974,000	1,633,000	1,266,000	1,033,000	0	0	0	7,700	0	0	0	25,833
Total Liab	39,368,926	38,843,769	327,066	390,179	13,548,079	12,310,032	12,157,669	7,766,004	7,497,964	6,841,307	6,956,441	4,628,897	3,514,777	3,264,834	2,419,369	2,521,782	2,382,118	2,016,525	1,777,453	1,318,179	1,085,343	1,041,452	931,682	884,912	796,600	580,400	511,700	449,300	396,545
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	5,533,098	5,074,927	4,802,940	4,647,880	2,373,013	2,366,296	2,308,920	1,134,588	1,059,384	984,920	981,470	507,549	381,780	329,957	282,819	244,928	215,065	161,888	148,403	118,798	112,349	103,496	93,065	84,936	75,800	62,300	53,900	48,300	39,777
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
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31
Accounts Payable	0	36,935,198	0	0	36,350,623	37,666,021	38,875,851	38,775,830	35,054,829	33,560,558	33,242,369	32,441,410	30,693,882	29,969,954	29,957,285	12,344,547	12,177,096	12,023,787	11,922,280	11,918,971	11,646,933	11,613,875	11,638,289	11,663,098	11,532,766	9,062,021	9,031,654	9,033,438	7,334,423	7,247,406	7,163,926	7,161,948	7,100,428	7,078,009	6,667,528	6,633,657	6,461,045	6,518,228	6,576,138	6,630,653	6,555,497	6,663,106	4,182,969	4,219,356	4,298,360	3,589,298	3,660,972	3,356,637	3,254,472	3,287,652	3,205,828	3,319,550	3,004,148	3,020,146	3,011,867	2,995,114	2,104,639	2,127,119	2,180,366	2,151,868	2,153,274	2,138,727	2,056,846	2,016,229	1,927,889	1,813,842	1,783,269	1,716,399	1,706,715	1,657,416	1,623,238	1,595,440	1,473,289	1,365,220	1,324,260	1,245,921	1,171,313	1,144,653	1,007,817	1,001,071	946,278	933,512	985,928	941,405	898,163	890,699	849,343	835,339	811,523	829,061	805,215	795,139	757,576	730,422	738,647	735,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Accumulated Other Comprehensive Income	-582,536	-815,889	-662,398	-613,784	-677,088	-716,458	-490,884	-293,956	-21,146	-520	24,136	-1,031	47,589	17,046	12,739	9,765	1,017	2,870	1,466	-13,374	-24,881	-44,509	-36,071	-30,350	-10,427	-3,788	-3,697	-4,884	-8,211	3,995	6,510	3,505	-3,871	1,875	-1,931	2,998	-377	-1,141	408	-4,054	-9,723	-10,628	-9,591	-1,543	376	-228	-1,760	-2,882	-2,749	645	-1,303	-2,935	-3,792	631	248	-617	-5,382	-6,219	-7,721	-9,710	-9,185	-5,422	-4,632	-1,116	-1,487	-2,823	-4,053	-2,887	-3,517	-1,225	-2,881	-1,694	-1,304	-601	-319	-1,023	1,090	460	-862	938	615	568	1,444	1,660	1,819	1,898	1,700	291	1,152	1,797	735	712	-347	-1,965	-3,258	-3,460	-2,900	-1,900	-1,600	300	1,300	1,400	400	500	500	400	100	-600	-100	0	-2,000	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Capital Stock	190,055	190,043	189,990	189,649	189,261	189,191	189,103	189,403	173,331	174,795	175,957	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	4,228,910	4,224,503	4,215,712	4,207,040	4,195,976	4,214,897	3,653,098	3,693,622	3,720,946	3,772,248	3,765,406	3,764,482	3,759,166	1,584,322	1,607,740	1,617,004	1,676,229	1,719,396	1,750,495	1,805,685	1,811,446	1,807,989	1,807,601	1,136,352	1,134,328	1,132,173	711,307	705,124	703,445	701,462	703,929	706,227	704,625	702,648	701,764	700,579	699,324	698,079	762,354	760,507	330,563	329,636	328,843	263,569	262,647	233,422	233,232	232,314	231,640	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	762,442	514,917	552,900	558,158	548,387	394,794	561,516	588,372	476,653	597,321	529,434	392,556	4,609,255	4,471,639	4,363,708	1,262,836	688,704	719,194	851,971	949,591	408,983	307,309	396,849	644,504	377,627	403,934	431,890	663,126	374,448	507,517	481,912	697,277	695,794	889,380	593,382	630,734	237,357	276,862	395,270	366,506	217,243	297,350	161,840	233,069	201,726	108,192	143,149	331,812	131,551	136,469	88,407	130,618	83,865	77,225	72,756	87,348	80,697	56,574	81,042	49,823	48,465	57,637	60,654	70,830	66,032	49,761	60,524	55,922	48,406	73,831	79,793	81,326	61,694	77,857	58,675	65,040	54,137	47,909	42,920	39,374	42,624	37,614	49,211	36,326	40,514	55,107	29,762	77,531	40,175	39,120	31,749	36,892	32,001	32,149	36,104	33,258	41,300	32,000	32,000	27,100	24,300	31,400	26,100	27,000	30,800	29,200	29,900	27,300	28,800	0	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	5,546,830	5,138,535	5,502,234	5,718,157	5,875,209	5,836,916	6,288,765	6,542,392	5,670,131	5,601,347	5,313,071	4,650,867	4,357,517	4,834,467	4,391,573	3,234,031	2,644,751	2,532,328	2,469,247	2,415,840	1,893,373	1,811,242	1,901,118	2,230,874	2,024,120	1,656,206	1,752,383	1,941,657	1,237,612	1,160,483	1,180,540	1,411,446	1,407,088	1,534,633	1,270,815	1,273,222	1,044,123	1,081,976	1,191,011	1,159,630	1,004,034	924,148	673,187	743,921	736,609	108,192	159,248	331,812	131,551	136,469	108,834	130,618	83,865	98,341	94,937	109,578	80,697	71,990	96,458	65,240	48,465	57,637	60,654	70,830	66,032	49,761	60,524	55,922	48,406	73,831	79,793	81,326	61,694	77,857	58,675	65,040	54,137	47,909	42,920	39,374	42,624	37,614	49,211	36,326	40,514	55,107	29,762	77,531	40,175	39,120	31,749	36,892	32,001	32,149	36,104	33,258	41,300	32,000	32,000	27,100	24,300	31,400	26,100	27,000	30,800	29,200	29,900	27,300	28,800	0	0	0	0
Common Stock	190,055	190,043	189,990	189,649	189,261	189,191	189,103	189,403	173,331	174,795	175,957	177,651	177,434	177,321	177,268	83,611	84,361	84,757	86,839	88,421	89,574	91,808	92,064	91,958	91,899	73,168	73,148	73,077	60,576	60,523	60,488	60,445	60,407	60,529	60,494	60,392	60,377	60,338	60,325	60,296	60,260	60,166	42,580	42,545	42,344	37,785	37,715	35,130	35,099	35,011	34,969	34,897	31,985	31,949	31,935	31,877	31,849	31,781	31,742	28,299	28,127	25,564	25,509	25,465	25,401	23,005	22,988	22,955	21,798	21,764	21,714	21,681	21,612	20,181	20,172	20,145	19,143	19,102	19,186	19,298	19,225	19,215	19,204	19,197	19,183	17,438	17,426	17,382	17,412	17,523	17,577	17,528	17,567	17,588	17,603	17,603	17,600	17,600	0	0	0	0	0	0	0	0	0	0	0	12,000	11,000	11,000	11,000
Common Stock Shares Outstanding	76,634	76,571	76,418	76,389	76,327	76,182	76,094	72,111	70,290	70,576	71,409	71,484	71,295	71,076	43,318	33,805	33,964	34,300	35,300	35,619	36,365	36,893	36,929	36,899	31,906	29,385	29,365	29,159	24,287	24,278	24,237	24,191	24,268	24,285	24,258	24,201	24,189	24,160	24,141	24,116	24,079	22,128	16,990	16,954	15,447	15,043	14,733	13,951	13,883	13,884	13,886	13,273	13,185	12,711	12,738	12,696	12,591	12,605	11,871	11,226	11,180	10,274	10,253	10,222	10,101	9,212	9,220	9,277	9,140	9,235	9,209	9,137	9,137	8,546	8,451	8,547	8,379	8,536	8,513	8,630	8,434	8,569	8,557	8,533	8,457	8,540	8,422	8,530	8,356	10,258	10,218	10,272	8,478	8,510	8,555	8,590	8,590	10,263	10,083	8,905	8,500	10,341	8,572	8,143	8,143	8,257	8,040	8,040	8,040	8,160	7,846	7,846	6,500
Common Stock Total Equity	0	0	189,990	189,649	189,261	189,191	189,103	189,403	173,331	174,795	175,957	177,651	177,434	177,321	177,268	83,611	84,361	84,757	86,839	88,421	89,574	91,808	92,064	91,958	91,899	73,168	73,148	73,077	60,576	60,523	60,488	60,445	60,407	60,529	60,494	60,392	60,377	60,338	60,325	60,296	60,260	60,166	42,580	42,545	42,344	37,785	37,715	35,130	35,099	35,011	34,969	34,897	31,985	31,949	31,935	31,877	31,849	31,781	31,742	28,299	28,127	25,564	25,509	25,465	25,401	23,005	22,988	22,955	21,798	21,764	21,714	21,681	21,612	20,181	20,172	20,145	19,143	19,102	19,186	19,298	19,225	19,215	19,204	19,197	19,183	17,438	17,426	17,382	17,412	17,523	17,577	17,528	17,567	17,588	17,603	17,603	17,600	17,600	0	0	0	0	0	0	0	0	0	0	0	12,000	11,000	11,000	11,000
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,108,969	2,491,219	2,410,488	2,414,536	2,263,896	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,923,106	1,923,106	1,923,106	1,923,106	1,923,106	1,922,525	1,922,525	1,924,024	1,581,085	1,581,085	1,581,085	1,579,758	1,563,942	1,566,524	1,603,383	1,002,900	1,002,900	1,002,900	1,002,900	1,002,900	1,002,900	1,002,900	1,002,722	999,592	999,586	597,236	595,817	595,711	338,340	338,340	338,340	338,340	338,340	338,342	317,688	317,688	317,688	317,688	317,385	319,107	317,828	319,180	100,193	100,487	100,602	66,529	66,542	62,888	62,888	62,888	62,888	62,888	62,888	0	0	62,888	62,888	62,888	62,888	62,888	62,888	62,888	62,888	61,722	61,709	32,313	32,313	32,313	32,313	32,313	32,313	32,220	32,220	0	0	0	3,717	0	0	0	2,363	0	0	0	0	0	0	0	0	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	173,940	184,570	189,795	195,009	203,060	215,849	220,157	223,703	193,687	197,506	202,477	208,146	206,412	206,215	196,352	73,174	80,341	81,757	86,683	92,034	97,627	102,493	105,082	104,572	104,908	80,409	82,896	85,524	68,885	64,802	65,979	69,218	73,627	74,647	70,585	68,733	70,840	73,343	74,386	78,493	79,873	62,195	23,159	24,180	25,199	79,391	13,429	62,888	62,888	62,888	62,888	62,888	72,605	73,037	73,468	73,900	65,695	65,827	65,959	66,090	66,221	66,363	66,507	65,486	65,586	32,313	32,313	32,313	35,679	32,313	32,313	0	36,068	18,756	0	0	4,585	0	0	0	3,293	0	0	0	0	0	0	0	0	0	0	0	9,723	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000	3,000	3,000	3,000
Inventory	0	827	0	3,633	1,167	2,348	1,670	3,582	3,465	4,168	5,472	11,946	12,256	13,480	18,016	13,155	12,284	13,662	14,786	11,852	11,792	12,531	17,706	11,502	82,093	59,848	80,425	66,995	68,888	79,263	71,353	60,886	72,203	80,363	108,097	123,438	102,996	107,845	110,140	121,347	95,504	128,340	116,608	121,139	131,784	146,132	126,934	117,875	129,680	148,296	117,447	107,857	129,285	112,608	64,277	57,320	20,665	24,266	63,018	53,166	21,868	13,927	20,155	28,711	17,841	14,364	28,863	34,393	23,833	22,987	29,851	24,224	13,340	26,187	24,091	19,055	15,549	18,369	15,219	20,187	13,811	37,463	54,604	31,889	40,192	19,999	8,853	11,772	21,582	785	964	381	848	918	482	484	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	44,902,024	44,989,128	44,940,332	44,923,827	43,918,696	45,178,609	46,207,422	46,201,541	41,960,032	40,903,708	40,375,869	39,730,332	37,789,873	37,819,366	37,725,356	16,642,911	15,921,092	15,752,082	15,683,337	15,406,887	14,676,328	14,522,215	14,566,488	14,689,109	14,466,589	11,169,110	11,154,441	11,150,070	8,900,592	8,797,165	8,723,993	8,670,757	8,557,348	8,499,876	8,084,984	8,021,582	7,826,227	7,896,132	7,993,686	7,990,975	7,937,911	8,028,441	5,043,078	5,141,929	5,136,446	4,325,232	4,373,269	4,046,343	3,896,557	3,935,518	3,839,935	3,962,866	3,594,791	3,612,864	3,618,646	3,665,184	2,702,188	2,776,684	2,807,309	2,839,584	2,766,710	2,766,745	2,774,387	2,678,248	2,597,183	2,267,243	2,274,951	2,242,500	2,178,413	2,119,050	2,070,927	2,034,193	1,925,856	1,757,390	1,689,699	1,522,083	1,436,977	1,389,829	1,330,806	1,279,631	1,197,692	1,194,321	1,229,244	1,192,941	1,144,948	1,125,120	1,068,948	1,064,190	1,024,747	1,052,912	1,015,774	978,537	969,848	955,209	997,663	903,017	872,400	836,900	706,900	693,300	642,700	640,300	617,600	600,500	565,600	559,700	542,500	531,800	497,600	470,000	454,000	454,000	436,000
Long Term Debt	381,594	391,997	792,090	1,292,182	392,275	1,082,948	392,460	405,553	327,066	485,007	351,548	402,256	1,195,011	1,679,252	1,718,032	1,316,100	105,626	815,771	816,414	616,250	266,084	115,919	115,754	215,589	216,385	83,307	98,147	107,988	55,358	55,306	55,254	55,210	55,158	55,107	55,055	55,003	101,210	101,127	101,045	100,963	102,060	101,347	54,372	54,638	54,897	45,807	46,105	46,397	46,683	46,955	46,275	46,587	46,978	62,183	62,557	62,929	143,624	144,048	144,430	152,799	157,477	172,738	160,249	173,340	139,879	88,865	100,882	140,399	88,916	140,457	141,723	135,240	142,257	97,294	94,190	51,903	51,928	51,975	92,000	52,025	52,050	49,500	49,500	49,500	49,500	49,500	49,500	49,500	49,500	50,500	50,500	21,050	57,050	48,900	23,100	26,750	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	1,375,717	1,706,584	1,034,143	1,082,948	666,802	412,168	410,137	485,007	543,221	402,256	1,195,011	1,679,252	1,718,032	1,316,100	815,936	815,771	816,414	616,250	266,084	115,919	115,754	215,589	216,385	83,307	98,147	107,988	55,358	55,306	55,254	55,210	55,158	55,107	55,055	55,003	101,210	101,127	101,045	100,963	102,060	101,347	54,372	54,638	54,897	45,807	46,105	46,397	46,683	46,955	46,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,495,192	7,458,637	7,787,797	8,030,702	8,221,043	9,430,866	8,740,376	9,005,467	7,251,636	30,655,410	5,808,956	30,152,795	34,204,505	29,978,465	29,943,254	13,468,013	2,005,171	13,179,543	12,982,175	12,629,770	12,527,608	12,460,106	10,815,036	10,632,211	10,646,307	8,269,525	8,206,701	7,915,828	6,693,898	6,546,120	48,926	34,933	41,649	48,985	73,055	87,342	60,270	56,595	56,407	57,200	30,586	52,467	47,980	50,449	65,279	71,585	42,525	34,706	45,809	45,870	17,956	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	0	0	0	0	0	0	0	0	0	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
Net Debt	-280,848	-122,920	239,190	734,024	-156,112	-2,426	-169,056	-182,819	-149,587	-270,514	-177,886	-2,233	-4,219,076	-3,382,002	-3,274,429	53,264	127,232	96,577	-35,557	-333,341	-142,899	-191,390	-281,095	-428,915	-161,242	-320,627	-333,743	-555,138	-319,090	-452,211	-426,658	-642,067	-640,636	-834,273	-538,327	-575,731	-136,147	-175,735	-294,225	-265,543	-115,183	-196,003	-107,468	-178,431	-146,829	-62,385	-97,044	-285,415	-84,868	-89,514	-42,132	-84,031	-36,887	-15,042	-10,199	-24,419	62,927	87,474	63,388	102,976	129,012	115,101	99,595	102,510	77,828	39,104	40,358	84,477	42,010	66,626	61,930	53,914	82,563	19,437	35,515	-13,137	-2,209	4,066	49,080	12,651	9,426	11,886	289	13,174	8,986	-5,607	19,738	-28,031	9,325	11,380	18,751	-15,842	25,049	16,751	-13,004	-6,508	-14,500	2,200	-12,000	-7,100	34,700	22,600	23,900	22,000	23,200	21,800	10,100	10,700	4,200	21,000	33,000	31,000	26,000
Net Invested Capital	6,014,692	5,622,984	6,082,100	6,541,186	5,467,202	5,313,554	5,432,885	5,579,961	5,130,006	5,119,748	5,109,171	5,110,143	5,027,749	5,653,050	5,581,129	3,637,143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	30,325,497	29,821,418	28,511,905	0	0	0	23,788,949	24,033,078	24,491,465	24,664,134	25,237,815	25,499,147	11,506,890	0	11,290,147	11,226,192	11,146,122	10,528,112	10,909,181	10,830,368	10,638,808	1,289	8,268,415	8,184,596	7,911,845	6,077,740	6,529,790	6,380,657	2,091	4,401	7,942	11,035	16,713	22,161	30,983	43,766	67,984	93,947	115,773	104,048	124,340	146,171	174,321	200,569	231,331	262,651	274,658	299,200	303,795	212,103	267,486	265,890	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Tangible Assets	0	3,212,787	3,264,648	3,216,295	3,035,371	2,873,271	2,985,206	3,110,020	3,093,788	3,075,272	3,031,412	2,986,201	2,921,346	2,825,252	2,717,556	1,271,334	1,320,297	1,294,973	1,314,727	1,313,958	1,300,496	1,298,802	1,275,670	1,252,611	1,235,545	985,117	956,702	928,728	756,400	785,792	766,003	743,714	721,044	709,970	706,091	689,876	667,232	649,307	635,633	615,056	662,039	650,845	416,399	413,724	406,947	367,395	358,364	323,619	318,892	318,834	308,217	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
Net Working Capital	5,446,830	-33,566,032	-31,486,554	-30,916,789	-30,689,011	-32,042,878	-33,318,326	-33,003,847	-30,165,937	-1,984,488	-2,416,186	-898,676	-95,668	1,351,610	1,706,404	214,729	11,815,359	-103,694	13,061	68,367	11,642,054	-434,097	-486,331	-485,250	11,332,761	-496,477	-535,705	-597,279	-416,124	-345,134	-430,336	-442,719	-499,904	-388,918	-341,222	-322,490	-301,016	-322,389	-338,846	-364,285	-317,285	-147,503	-193,647	-199,785	-239,029	-205,325	-226,298	-81,202	-52,637	-45,437	14,035	29,445	-11,390	-30,763	-53,945	-58,800	81,359	78,045	95,602	124,058	-27,797	26,840	4,410	25,712	-112,489	-63,464	-47,486	4,684	-40,195	7,162	6,518	9,995	34,228	-1,455,143	-1,412,325	-1,283,960	-31,853	-1,173,091	-1,082,080	-1,073,626	-990,376	-996,386	-1,021,789	-1,000,674	-950,486	-918,893	-891,238	-842,469	-842,825	-869,880	-843,251	-833,108	114,192	-791,851	-859,896	-765,742	78,500	87,400	67,900	69,200	-645,700	0	0	0	0	0	0	0	0	436,000	409,000	412,000	399,000
Non Current Assets Total	10,111,435	10,082,896	10,419,051	10,665,963	2,737,992	11,009,017	11,445,839	11,721,526	9,584,907	8,843,333	8,160,991	7,708,293	6,806,924	6,146,126	5,699,320	3,422,414	3,405,733	3,270,421	3,177,331	2,924,360	2,884,274	2,918,312	2,950,819	3,023,359	3,033,828	2,212,587	2,239,146	2,285,349	1,605,716	1,524,299	1,589,329	1,579,476	1,614,252	1,491,794	1,420,206	1,385,072	1,387,243	1,390,477	1,392,532	1,399,260	1,400,783	1,218,944	764,725	768,714	801,475	685,557	697,567	513,545	481,194	473,955	402,900	383,421	388,181	427,627	451,591	456,984	345,829	347,639	327,707	340,526	351,507	365,905	376,977	367,536	375,672	327,707	318,437	301,816	291,608	292,888	290,409	277,198	258,628	216,109	215,410	195,657	202,830	205,284	204,828	177,042	184,656	194,202	215,385	221,214	193,137	198,321	228,446	200,267	209,470	235,020	202,256	192,911	27,656	203,452	205,003	209,923	24,900	21,500	14,000	13,100	207,700	12,100	12,200	12,400	176,000	13,200	13,400	13,700	171,700	13,000	12,000	11,000	11,000
Non Current Liabilities Other	0	0	1,285,817	1,333,293	1,245,406	1,294,681	1,339,704	1,495,316	1,310,931	1,580,897	1,346,569	1,687,541	1,258,544	1,255,071	1,195,842	661,221	0	561,568	570,665	495,189	397,015	424,282	464,078	487,843	408,518	390,957	419,155	428,744	376,223	370,321	400,470	371,545	342,378	318,448	338,622	325,358	279,052	293,738	363,485	325,196	292,472	293,962	289,145	353,724	275,640	256,203	241,286	256,802	213,622	219,189	216,727	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	381,594	391,997	792,090	1,292,182	38,843,769	40,257,423	392,460	405,553	327,066	326,807	351,548	390,323	379,869	1,089,637	1,089,279	1,316,100	105,626	815,771	816,414	616,250	116,084	115,919	115,754	215,589	116,385	83,307	98,147	107,988	55,358	55,306	55,254	55,210	55,158	55,107	55,055	55,003	101,210	6,929,137	101,045	100,963	6,956,441	101,347	54,372	54,638	54,897	45,807	46,105	46,397	46,683	46,955	46,275	46,587	46,978	62,183	62,557	62,929	143,624	144,048	144,430	152,799	177,477	172,738	160,249	173,340	143,860	88,865	100,882	140,399	90,416	140,457	141,723	135,240	144,257	97,294	94,190	51,903	51,928	51,975	92,000	52,025	52,050	49,500	49,500	49,500	49,500	50,000	50,000	50,000	50,000	51,000	51,000	21,000	57,000	49,000	23,000	27,000	27,000	34,000	20,000	20,000	6,000	0	0	0	0	0	0	0	0	3,000	4,000	3,000	2,000
Non Currrent Assets Other	-10,111,435	-150,422	-164,426	-165,161	-8,307,653	-198,647	-157,944	-136,078	41,483,379	-19,684	-36,714	-105,087	-5,080,390	-107,500	-107,532	-46,365	-2,353,017	-27,844	-28,240	-31,884	9,840,400	-47,943	-48,853	-46,736	9,381,365	-41,664	-39,921	-43,075	5,905,447	-25,357	-25,915	-32,045	5,219,554	-40,090	-45,911	-40,629	-42,692	-60,322	-66,780	-70,923	-74,325	5,511,716	3,310,293	3,344,091	-33,901	2,861,024	2,854,645	2,772,128	2,919,882	2,981,747	2,938,485	-320,533	-325,293	73,037	73,468	73,900	-282,941	-284,751	-264,819	-277,638	62,888	62,888	62,888	61,722	61,709	32,313	32,313	32,313	32,313	32,313	32,313	32,220	32,220	-216,109	-215,410	-195,657	3,717	-205,284	-204,828	-177,042	-184,656	-194,202	-215,385	-221,214	-193,137	-198,321	-228,446	-200,267	-209,470	-235,020	-202,256	-192,911	11,345	-203,452	-205,003	-209,923	9,200	5,700	1,900	2,000	-207,700	2,200	2,400	2,600	-176,000	2,600	2,700	2,900	-171,700	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	29,243,759	29,767,697	29,019,047	28,539,707	35,305,495	28,332,676	28,534,059	27,937,623	26,704,994	49,747,041	48,536,860	47,438,625	44,596,797	43,965,492	43,424,676	20,065,325	19,326,825	19,022,503	18,860,668	18,331,247	17,560,602	17,440,527	17,517,307	17,712,468	17,500,417	13,381,697	13,393,587	13,435,419	10,506,308	10,321,464	10,313,322	10,250,233	10,171,600	9,991,670	9,505,190	9,406,654	9,213,470	16,044	9,386,218	9,390,235	6,413	9,247,385	5,807,803	5,910,643	5,937,921	5,010,789	5,070,836	4,559,888	4,377,751	4,409,473	4,242,835	4,346,287	3,982,972	4,040,491	4,070,237	4,122,168	3,048,017	3,124,323	3,135,016	3,180,110	3,118,217	3,132,650	3,151,364	3,045,784	2,972,855	2,594,950	2,593,388	2,544,316	2,470,021	2,411,938	2,361,336	2,311,391	2,184,484	1,463,424	1,415,614	1,261,386	1,639,807	1,136,636	1,083,058	1,063,215	970,412	962,505	964,648	935,401	911,297	871,692	810,740	786,392	775,102	778,772	781,769	748,734	200,561	719,608	756,556	659,836	0	0	0	0	410,700	0	0	0	358,800	0	0	0	297,100	0	0	0	0
Other Current Assets	0	417,988	0	402,551	364,007	34,477	-61,241	130,376	26,704,994	26,459,028	26,901,807	27,371,172	26,625,432	26,838,773	27,634,463	9,986,466	9,870,608	9,949,333	10,036,759	10,066,687	9,898,681	9,792,661	9,714,551	9,434,876	9,408,641	7,300,317	7,162,912	6,923,064	6,057,264	6,112,383	5,954,124	5,677,744	5,531,607	5,465,507	5,382,928	5,346,575	5,372,700	5,376,652	5,366,377	5,364,101	5,432,734	5,769,576	3,501,118	3,504,954	3,452,191	3,357,162	3,315,885	2,969,655	3,021,161	3,050,436	3,029,001	3,145,032	2,910,642	2,819,410	2,806,228	3,098,622	2,275,662	2,357,055	2,383,144	2,433,818	2,366,738	2,343,203	2,336,756	2,239,882	2,155,479	1,889,775	1,895,990	1,884,762	1,838,399	1,752,331	1,700,725	1,675,669	1,605,534	0	0	0	1,180,010	0	0	0	0	0	0	0	0	0	0	0	0	0	0	910,191	910,191	0	0	0	806,200	783,400	660,900	653,100	0	596,800	579,300	561,100	0	517,300	499,200	490,800	0	457,000	442,000	443,000	425,000
Other Current Liab	-100,000	0	36,988,788	36,634,946	36,564,220	37,879,794	39,160,491	39,119,649	35,436,024	34,044,863	33,728,456	32,920,715	31,078,617	30,321,630	30,319,632	12,344,547	0	12,023,787	11,922,280	11,918,971	11,646,933	11,613,875	11,638,289	11,663,098	11,532,766	9,062,021	9,031,654	9,033,438	7,334,423	7,247,406	7,163,926	7,161,948	7,100,428	7,078,009	6,667,528	6,633,657	6,461,045	6,518,228	6,576,138	6,630,653	6,555,497	6,663,106	4,182,969	4,219,356	4,298,360	3,589,298	3,660,972	3,356,637	3,254,472	3,287,652	3,205,828	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	974,000	921,000	920,000	883,000	909,000	875,000	870,000	828,000	824,000	896,000	799,000	761,300	728,000	625,000	611,000	670,000	0	0	0	0	0	0	0	0	0	0	0	0
Other Liab	0	554,766	0	517,948	391,972	1,641,232	1,228,687	1,075,341	993,958	1,363,666	528,930	1,300,198	1,278,266	384,426	320,836	149,024	136,976	158,084	157,579	125,033	121,996	135,042	124,012	124,175	121,661	99,858	85,137	76,313	62,450	65,053	59,406	59,511	54,147	57,927	50,719	48,584	57,511	62,509	82,890	70,211	81,071	60,170	26,698	25,023	37,019	29,873	21,022	21,390	33,186	34,786	29,177	24,119	22,691	31,435	32,338	34,706	8,591	12,128	15,084	17,752	18,638	11,365	13,147	16,471	14,183	16,568	19,975	17,695	16,289	12,891	11,165	12,401	9,744	7,671	6,250	7,212	5,730	5,241	8,588	10,014	6,048	5,545	4,412	6,344	5,173	5,424	4,947	6,393	4,042	5,465	7,415	8,839	4,338	5,633	5,098	5,035	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	4,240,413	4,238,753	4,228,910	4,224,503	4,215,712	4,207,040	4,195,976	4,214,897	3,653,098	3,693,622	3,720,946	3,772,248	3,765,406	3,764,482	3,759,166	1,584,322	1,607,740	1,617,004	1,676,229	1,719,396	1,750,495	1,805,685	1,811,446	1,807,989	1,807,601	1,136,352	1,134,328	1,132,173	711,307	705,124	703,445	701,462	703,929	706,227	704,625	702,648	701,764	700,579	699,324	698,079	762,355	760,507	330,563	329,636	328,843	263,569	262,647	233,422	233,232	232,314	231,640	230,826	198,647	197,885	197,305	196,793	196,437	195,660	195,181	170,270	166,815	141,911	141,439	140,950	140,652	108,367	108,055	107,694	92,099	91,559	91,233	90,851	90,481	72,801	72,715	72,516	72,079	60,732	61,643	62,933	62,722	62,639	62,576	62,527	62,423	48,191	47,908	46,081	47,168	48,553	47,862	47,981	47,141	45,623	44,408	44,206	44,700	45,600	55,000	54,900	54,800	39,000	38,900	36,200	36,200	36,200	35,800	35,700	25,500	20,000	18,000	17,000	17,000
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
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	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	61,369	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	843,960	0	0	0	819,265	0	0	0	0	0	568,473	569,171	579,239	626,259	627,943	312,151	317,321	323,506	321,348	322,553	241,076	241,909	245,288	253,605	255,565	198,146	201,539	203,505	183,510	179,450	177,950	176,412	174,537	174,662	171,582	171,565	171,772	173,425	184,113	187,127	188,114	184,959	109,794	110,792	115,583	105,579	106,458	93,209	94,250	90,020	90,529	87,326	87,381	86,396	84,206	72,079	71,829	72,523	73,404	73,606	66,392	64,056	57,698	55,966	55,454	52,504	51,182	49,718	48,904	47,969	47,057	44,518	43,664	39,062	38,228	33,744	33,667	33,491	33,470	32,963	32,647	32,010	31,932	30,984	28,186	26,766	23,847	21,327	19,537	17,853	17,974	16,250	16,311	16,612	16,467	15,963	15,700	15,800	12,100	11,100	10,500	9,900	9,800	9,800	9,900	10,600	10,700	10,800	10,800	10,000	9,000	8,000	8,000
Property Plant And Equipment Net	519,197	516,583	518,353	517,146	520,635	531,160	562,781	568,332	558,499	569,817	568,473	569,171	579,239	626,259	627,943	312,151	317,321	323,506	321,348	322,553	241,076	241,909	245,288	253,605	255,565	198,146	201,539	203,505	183,510	179,450	177,950	176,412	174,537	174,662	171,582	171,565	171,772	173,425	184,113	187,127	188,114	184,959	109,794	110,792	115,583	105,579	106,458	93,209	94,250	90,020	90,529	87,326	87,381	86,396	84,206	72,079	71,829	72,523	73,404	73,606	66,392	64,056	57,698	55,966	55,454	52,504	51,182	49,718	48,904	47,969	47,057	44,518	43,664	39,062	38,228	33,744	33,667	33,491	33,470	32,963	32,647	32,010	31,932	30,984	28,186	26,766	23,847	21,327	19,537	17,853	17,974	16,250	16,311	16,612	16,467	15,963	15,700	15,800	12,100	11,100	10,500	9,900	9,800	9,800	9,900	10,600	10,700	10,800	10,800	10,000	9,000	8,000	8,000
Property Plant Equipment	0	516,583	0	0	520,635	531,160	562,781	568,332	558,499	569,817	568,473	569,171	579,239	626,259	627,943	312,151	317,321	323,506	321,348	322,553	241,076	241,909	245,288	253,605	255,565	198,146	201,539	203,505	183,510	179,450	177,950	176,412	174,537	174,662	171,582	171,565	171,772	173,425	184,113	187,127	188,114	184,959	109,794	110,792	115,583	105,579	106,458	93,209	94,250	90,020	90,529	87,326	87,381	86,396	84,206	72,079	71,829	72,523	73,404	73,606	66,392	64,056	57,698	55,966	55,454	52,504	51,182	49,718	48,904	47,969	47,057	44,518	43,664	39,062	38,228	33,744	33,667	33,491	33,470	32,963	32,647	32,010	31,932	30,984	28,186	26,766	23,847	21,327	19,537	17,853	17,974	16,250	16,311	16,612	16,467	15,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1,685,166	1,618,080	1,533,508	1,448,636	1,347,042	1,241,413	1,146,230	1,064,064	997,657	925,044	836,584	770,952	657,451	604,564	542,677	643,345	679,895	646,325	609,444	582,034	551,108	515,155	480,928	452,982	419,847	427,093	401,706	379,535	370,916	354,490	333,900	316,642	298,919	279,681	260,591	241,526	223,156	207,219	192,961	179,842	168,577	159,980	153,040	143,573	135,986	132,798	126,304	120,837	116,198	113,752	105,799	103,262	103,117	104,730	105,115	106,713	59,915	60,561	60,550	60,952	59,171	57,534	59,147	54,731	50,499	46,923	42,846	38,838	51,508	48,233	44,452	40,927	37,614	34,902	31,921	29,187	26,486	36,452	33,853	31,841	29,787	27,426	24,847	22,264	20,071	35,243	33,104	30,817	28,485	26,544	24,436	22,320	20,228	18,788	16,967	15,131	13,500	12,200	8,900	7,600	6,200	21,200	19,900	18,500	17,200	16,300	15,100	13,900	22,900	15,000	14,000	13,000	12,000
Retained Earnings Total Equity	0	0	1,533,508	1,448,636	1,347,042	1,241,413	1,146,230	1,064,064	997,657	925,044	836,584	770,952	657,451	604,564	542,677	643,345	0	646,325	609,444	582,034	551,108	515,155	480,928	452,982	419,847	427,093	401,706	379,534	370,916	354,490	333,900	316,642	298,919	279,681	260,591	241,526	223,156	207,219	192,961	179,842	168,577	159,980	153,040	143,573	135,986	132,798	126,304	120,837	116,198	113,752	105,799	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	100,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	700,000	0	0	0	7	919	455,820	579,257	7	374,931	432,554	460,419	369,810	360,574	396,318	0	344,107	0	0	0	323,607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	481,594	391,997	792,090	1,292,182	392,275	392,368	392,460	405,553	327,066	326,807	351,548	390,323	390,179	1,089,637	1,089,279	1,316,100	815,936	815,771	816,414	616,250	266,084	115,919	115,754	215,589	216,385	83,307	98,147	107,988	55,358	55,306	55,254	55,210	55,158	55,107	55,055	55,003	101,210	101,127	101,045	100,963	102,060	101,347	54,372	54,638	54,897	45,807	46,105	46,397	46,683	46,955	46,275	46,587	46,978	62,183	62,557	62,929	143,624	144,048	144,430	152,799	177,477	172,738	160,249	173,340	143,860	88,865	100,882	140,399	90,416	140,457	141,723	135,240	144,257	97,294	94,190	51,903	51,928	51,975	92,000	52,025	52,050	49,500	49,500	49,500	49,500	49,500	49,500	49,500	49,500	50,500	50,500	21,050	57,050	48,900	23,100	26,750	26,800	34,200	20,000	20,000	59,000	54,000	50,000	49,000	54,000	51,000	40,000	38,000	33,000	21,000	33,000	31,000	26,000
Short Term Debt	100,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	700,000	0	0	0	150,000	919	455,820	579,257	100,000	374,931	432,554	460,419	369,810	360,574	396,318	0	344,107	0	0	0	323,607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,700	0	0	0	0	0	0	0	0	0	0	0	0	21,000	33,000	31,000	26,000
Short Term Investments	4,784,388	4,623,618	4,949,334	5,159,999	5,326,822	5,369,610	5,666,008	5,924,206	5,193,478	4,631,554	4,369,159	3,891,490	3,330,672	3,561,929	3,138,212	1,971,195	1,956,047	1,813,134	1,717,276	1,466,249	1,517,067	1,551,281	1,577,999	1,640,837	1,650,710	1,320,679	1,341,652	1,381,013	999,405	925,374	989,610	978,047	1,009,541	885,798	841,661	808,396	806,766	805,114	795,741	793,124	786,791	626,798	511,347	510,852	534,883	476,023	16,099	322,588	289,195	281,926	20,427	189,654	197,374	21,116	22,181	22,230	173,303	15,416	15,416	15,417	183,220	198,899	215,834	211,199	223,580	216,693	208,440	190,719	32,946	185,801	184,744	175,622	44,580	0	0	0	17,876	0	0	0	8,583	0	0	0	35	0	0	0	1,049	0	0	0	158	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
Total Assets	44,902,024	44,989,128	44,940,332	44,923,827	43,918,696	45,178,609	46,207,422	46,201,541	41,960,032	40,903,708	40,375,869	39,730,332	37,789,873	37,819,366	37,725,356	16,642,911	15,921,092	15,752,082	15,683,337	15,406,887	14,676,328	14,522,215	14,566,488	14,689,109	14,466,589	11,169,110	11,154,441	11,150,070	8,900,592	8,797,165	8,723,993	8,670,757	8,557,348	8,499,876	8,084,984	8,021,582	7,826,227	7,896,132	7,993,686	7,990,975	7,937,911	8,028,441	5,043,078	5,141,929	5,136,446	4,325,232	4,373,269	4,046,343	3,896,557	3,935,518	3,839,935	3,962,866	3,594,791	3,612,864	3,618,646	3,665,184	2,702,188	2,776,684	2,807,309	2,839,584	2,766,710	2,766,745	2,774,387	2,678,248	2,597,183	2,267,243	2,274,951	2,242,500	2,178,413	2,119,050	2,070,927	2,034,193	1,925,856	1,757,390	1,689,699	1,522,083	1,436,977	1,389,829	1,330,806	1,279,631	1,197,692	1,194,321	1,229,244	1,192,941	1,144,948	1,125,120	1,068,948	1,064,190	1,024,747	1,052,912	1,015,774	978,537	969,848	955,209	997,663	903,017	872,400	836,900	706,900	693,300	642,700	640,300	617,600	600,500	565,600	559,700	542,500	531,800	497,600	470,000	454,000	454,000	436,000
Total Current Assets	5,546,830	5,138,535	5,502,234	5,718,157	5,875,209	5,836,916	6,227,524	6,542,392	5,670,131	32,060,375	32,214,878	32,022,039	30,982,949	31,673,240	32,026,036	13,220,497	12,515,359	12,481,661	12,506,006	12,482,527	11,792,054	11,603,903	11,615,669	11,665,750	11,432,761	8,956,523	8,915,295	8,864,721	7,294,876	7,272,866	7,134,664	7,091,281	6,943,096	7,008,082	6,664,778	6,636,510	6,438,984	6,489,611	6,601,154	6,591,715	6,530,715	6,809,497	4,278,353	4,373,215	4,334,971	3,639,675	3,675,702	3,532,798	3,415,363	3,461,563	3,437,035	3,579,445	3,206,610	3,185,237	3,167,055	3,208,200	2,356,359	2,429,045	2,479,602	2,499,058	2,415,203	2,400,840	2,397,410	2,310,712	2,221,511	1,939,536	1,956,514	1,940,684	1,886,805	1,826,162	1,780,518	1,756,995	1,667,228	77,857	58,675	65,040	1,234,147	47,909	42,920	39,374	42,624	37,614	49,211	36,326	40,514	55,107	29,762	77,531	40,175	39,120	31,749	36,892	942,192	32,149	36,104	33,258	847,500	815,400	692,900	680,200	24,300	628,200	605,400	588,100	30,800	546,500	529,100	518,100	28,800	457,000	442,000	443,000	425,000
Total Current Liabilities	100,000	38,704,567	36,988,788	36,634,946	36,564,220	37,879,794	39,545,850	39,546,239	35,836,068	34,044,863	34,631,064	32,920,715	31,078,617	30,321,630	30,319,632	13,005,768	700,000	12,585,355	12,492,945	12,414,160	150,000	12,038,000	12,102,000	12,151,000	100,000	9,453,000	9,451,000	9,462,000	7,711,000	7,618,000	7,565,000	7,534,000	7,443,000	7,397,000	7,006,000	6,959,000	6,740,000	6,812,000	6,940,000	6,956,000	6,848,000	6,957,000	4,472,000	4,573,000	4,574,000	3,845,000	3,902,000	3,614,000	3,468,000	3,507,000	3,423,000	3,550,000	3,218,000	3,216,000	3,221,000	3,267,000	2,275,000	2,351,000	2,384,000	2,375,000	2,443,000	2,374,000	2,393,000	2,285,000	2,334,000	2,003,000	2,004,000	1,936,000	1,927,000	1,819,000	1,774,000	1,747,000	1,633,000	1,533,000	1,471,000	1,349,000	1,266,000	1,221,000	1,125,000	1,113,000	1,033,000	1,034,000	1,071,000	1,037,000	991,000	974,000	921,000	920,000	883,000	909,000	875,000	870,000	828,000	824,000	896,000	799,000	769,000	728,000	625,000	611,000	670,000	0	0	0	0	0	0	0	0	21,000	33,000	31,000	26,000
Total Liab	39,368,926	391,997	792,090	1,292,182	38,843,769	40,257,423	41,166,997	41,027,133	37,157,092	36,110,767	35,618,246	35,010,512	33,141,993	33,255,953	33,233,506	14,321,868	13,548,079	13,401,126	13,309,359	13,030,410	12,310,032	12,154,076	12,218,121	12,366,530	12,157,669	9,536,285	9,548,956	9,570,170	7,766,004	7,673,033	7,619,650	7,588,703	7,497,964	7,451,564	7,061,205	7,014,018	6,841,307	6,929,137	7,040,668	7,056,812	6,956,441	7,058,415	4,526,486	4,627,718	4,628,897	3,891,308	3,948,363	3,659,836	3,514,777	3,553,796	3,468,830	3,596,816	3,264,834	3,277,669	3,284,043	3,330,418	2,419,369	2,494,901	2,527,557	2,528,404	2,521,782	2,547,158	2,552,924	2,458,218	2,382,118	2,091,771	2,105,115	2,075,900	2,016,525	1,958,719	1,916,409	1,882,428	1,777,453	1,630,107	1,565,210	1,401,258	1,318,179	1,273,083	1,216,986	1,164,621	1,085,343	1,084,473	1,121,173	1,087,293	1,041,452	1,024,248	970,510	969,910	931,682	960,292	925,899	890,708	884,912	873,210	918,685	826,077	796,600	761,500	644,600	630,500	580,400	578,700	558,400	545,300	511,700	506,800	491,500	482,800	449,300	423,000	413,000	413,000	397,000
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	5,533,098	5,230,987	5,290,010	5,249,004	5,074,927	4,921,186	5,040,425	5,174,408	4,802,940	4,792,941	4,757,623	4,719,820	4,647,880	4,563,413	4,491,850	2,321,043	2,373,013	2,350,956	2,373,978	2,376,477	2,366,296	2,368,139	2,348,367	2,322,579	2,308,920	1,632,825	1,605,485	1,579,900	1,134,588	1,124,132	1,104,343	1,082,054	1,059,384	1,048,312	1,023,779	1,007,564	984,920	966,995	953,018	934,163	981,470	970,026	516,592	514,211	507,549	433,924	424,906	386,507	381,780	381,722	371,105	366,050	329,957	335,195	334,603	334,766	282,819	281,783	279,752	311,180	244,928	219,587	221,463	220,030	215,065	175,472	169,836	166,600	161,888	160,331	154,518	151,765	148,403	127,283	124,489	120,825	118,798	116,746	113,820	115,010	112,349	109,848	108,071	105,648	103,496	100,872	98,438	94,280	93,065	92,620	89,875	87,829	84,936	81,999	78,978	76,940	75,800	75,400	62,300	62,800	62,300	61,600	59,200	55,200	53,900	52,900	51,000	49,000	48,300	47,000	41,000	41,000	40,000
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Begin Period Cash Flow	1,312,563	6,721,571	4,609,255	688,704	408,983	377,627	374,448	695,794	417,869	479,461	380,864	171,425	237,099	104,908	49,465	95,333	78,406	103,134	57,137	49,678	40,514	41,175	32,001	41,327	35,100	30,800	28,800	24,100	23,046
Capital Expenditures	38,885	17,670	28,418	16,930	15,798	14,538	15,163	25,796	15,225	16,108	13,751	8,387	19,463	24,173	6,337	15,382	8,335	8,301	5,300	3,337	6,022	10,773	4,997	2,331	4,900	1,800	700	3,700	1,865
Cash And Cash Equivalents Changes	0	-5,409,008	2,233,892	3,920,551	0	31,356	3,179	-321,346	277,925	-61,592	98,597	209,305	-65,674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	78,129	-71,197	10,167	0	-27,065	-18,652	-14,894	15,328	65,251	-11,466	107,902	82,737	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-313,686	-5,409,008	2,233,892	3,920,551	279,721	31,356	3,179	-321,346	277,925	-61,592	98,597	209,305	-65,674	132,191	55,443	-45,868	16,927	-24,728	45,997	7,459	6,610	-661	9,174	-9,326	6,200	67,700	60,500	55,700	1,098
Change In Working Capital	-110,404	799,980	-30,802	-18,270	-18,814	2,946	-26,429	-4,620	11,742	-4,832	94,562	78,096	116,401	-6,872	-10,323	-10,738	2,145	-17,968	2,150	-4,390	-6,235	-3,984	1,450	-2,631	-6,200	100	-700	200	-717
Change Receivables	0	-32,829	17,083	-19,362	0	-3,269	-2,198	-1,536	-717	-3,361	953	5,252	1,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-19,806	-32,829	17,083	-19,362	-777	-3,269	-2,198	-1,536	-717	-3,361	953	5,252	1,941	4,287	1,252	1,628	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	51,722	0	-15,285	14,553	-19,691	0	63,468	0	19,770	0	54,558	0	0	0	0	1,609	5,885	0	876	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-158,790	61,518	-7,550	0	5,432	8,087	8,342	9,023	-44,389	43,110	-23,074	12,450	0	0	0	0	4,674	1,622	429	0	0	0	0	0	0	0	0	0
Change To Netincome	0	1,321,031	16,293	410,825	-25,329	86,479	87,542	11,083	37,876	438	46,293	12,315	18,447	0	392	811	0	4	517	36	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	595,920	-358,045	-19,769	6,439	6,072	-26,190	-3,189	-636	19,338	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	58,826	64,591	63,137	46,367	33,121	35,696	28,704	21,582	21,470	21,180	17,495	12,092	10,767	9,290	6,874	4,999	4,324	3,171	3,366	3,229	3,552	2,967	2,439	2,554	2,100	1,900	1,900	2,000	1,430
Dividends Paid	156,184	146,664	135,337	98,256	57,696	50,557	38,623	29,285	23,710	20,858	16,628	10,244	9,514	8,680	9,292	7,113	6,227	5,911	5,527	5,228	5,070	4,420	4,000	3,801	3,200	2,500	2,100	1,700	1,403
End Period Cash Flow	998,877	1,312,563	6,843,147	4,609,255	688,704	408,983	377,627	374,448	695,794	417,869	479,461	380,730	171,425	237,099	104,908	49,465	95,333	78,406	103,134	57,137	47,124	40,514	41,175	32,001	41,300	98,500	89,300	79,800	24,144
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	507,872	1,713,223	508,847	520,013	165,230	269,173	182,727	112,215	171,643	102,539	135,770	109,993	131,156	19,298	34,076	15,579	25,987	2,574	20,381	11,432	35,400	-13,197	-6,801	9,619	0	8,400	7,700	4,800	1,793
Investments	-2,395,546	-5,033,724	-2,096,474	-1,345,955	-795,053	-281,700	-249,666	-686,406	-210,361	-8,905	52,752	15,185	16,146	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	2,770	2,858	2,384	1,537	1,394	1,331	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	-237,822	-74,305	-620,724	578,086	33,786	-318,741	25,528	20,293	8,953	-282,663	12,984	-71,466	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	494,308	496,049	475,543	120,632	186,483	178,871	87,554	101,282	99,473	75,437	49,219	30,032	22,595	51,882	13,595	15,785	21,565	19,805	16,655	14,016	14,786	13,834	12,257	10,533	7,900	7,500	6,500	5,500	4,640
Other Cashflows From Financing Activities	6,685,672	-2,003,369	4,397,140	3,483,083	1,259,486	689,604	300,080	265,917	268,903	-83,606	-290,008	-106,416	-302,513	-81,748	-81,000	303,306	351,666	328,709	298,532	339,134	87,359	108,989	107,489	223,245	125,600	70,200	62,600	59,400	58,144
Other Cashflows From Investing Activities	0	190,998	-194,369	2,592,663	19,655	14,089	203,929	21,283	122,571	15,516	472,306	223,071	122,988	0	0	0	0	0	0	10,260	0	0	0	0	0	0	0	0	0
Other Non Cash Items	66,216	211,095	-64,184	409,178	-27,109	43,230	68,929	4,169	41,332	-2,851	-14,957	-28,667	9,280	-36,433	31,761	20,410	4,581	5,598	4,899	2,566	29,133	-15,132	-16,915	1,838	1,700	1,100	900	1,200	-1,645
Sale Purchase Of Stock	-16,064	-119,330	-147,421	-32,431	-159,431	-70,577	-5,512	-5,981	-5,631	-65,917	-933	-836	-342	-255	-446	-201	-92	-443	-252	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	35,861	35,638	25,721	23,318	8,839	8,783	6,934	6,220	5,803	3,908	3,322	1,741	1,777	1,625	1,431	1,379	1,002	983	202	-1	0	0	-570	0	-200	-100	0	0	0
Total Cash From Financing Activities	565,996	-2,279,505	4,015,888	2,153,830	893,746	29,794	-133,811	231,562	194,072	-170,742	-562,231	-138,944	-335,964	-271,039	-78,953	155,871	175,860	227,403	276,027	225,570	38,289	104,569	41,439	83,744	120,200	67,700	60,500	55,700	56,877
Total Cash From Operating Activities	546,757	1,730,893	537,265	536,943	181,028	283,711	197,890	138,011	186,868	118,647	149,521	118,380	150,619	43,471	40,413	30,961	34,322	10,875	25,681	14,769	41,422	-2,424	-1,804	11,950	4,900	10,200	8,400	8,500	3,658
Total Cashflows From Investing Activities	0	-4,860,396	-2,319,261	1,229,778	-795,053	-282,149	-60,900	-690,919	-103,015	-9,497	511,307	229,869	119,671	359,759	93,983	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
Begin Period Cash Flow	1,329,137	1,513,749	1,996,662	1,312,563	2,809,695	4,722,099	6,032,606	6,843,147	6,298,323	6,404,512	5,974,137	4,609,255	4,471,639	4,363,708	1,262,836	688,704	719,194	851,971	949,591	408,983	307,309	396,849	644,504	377,627	403,934	431,890	663,126	374,448	507,517	481,912	697,277	695,794	889,380	593,382	630,734	417,869	503,028	589,523	612,615	479,461	645,171	436,481	495,869	380,730	278,064	309,919	403,222	171,425	158,769	249,067	412,624	237,099	173,190	187,025	238,097	104,908	175,415	157,092	130,079	49,465	80,137	105,005	112,898	95,333	60,361	98,024	99,922	78,406	106,531	89,293	116,386	103,134	113,357	103,675	98,695	57,137	54,909	45,920	77,374	47,124	37,614	50,411	74,176	40,514	61,507	43,612	101,331	41,175	39,120	31,749	36,892	32,001	32,149	36,104	33,258	41,327	32,000	32,000	18,600	24,300	14,700	13,700	63,200	30,800	15,600	8,300	61,100	28,800	4,100	1,500	0	2,800	0
Capital Expenditures	12,513	11,338	7,392	7,642	3,889	4,679	4,119	4,983	3,013	7,548	12,277	5,580	3,921	3,927	6,889	2,193	4,265	3,417	4,680	3,436	5,034	2,236	3,653	3,615	6,068	3,000	1,876	4,219	7,476	5,939	6,597	5,784	3,548	4,246	4,167	3,264	2,850	3,097	4,772	5,389	6,460	2,348	2,007	2,936	11,509	6,231	3,164	2,114	6,541	5,033	5,920	1,969	3,297	16,379	2,786	1,711	979	770	1,721	2,867	3,454	7,614	2,744	1,570	2,235	2,159	2,337	1,604	1,569	1,822	3,102	1,808	2,061	1,458	1,010	771	760	607	1,074	896	729	645	1,418	3,230	2,459	3,280	2,394	2,640	2,376	239	2,083	299	270	152	1,262	647	400	0	0	900	0	0	0	0	100	200	200	200	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	-482,913	684,099	0	0	-1,310,507	-810,541	544,824	-106,189	430,375	1,364,882	137,616	107,931	3,100,872	574,132	0	-132,777	-97,620	540,608	101,674	-89,540	-247,655	266,877	-26,307	-27,956	-231,236	288,678	-133,069	25,605	-215,365	1,483	-193,586	295,998	-37,352	212,865	-85,159	-86,495	-23,092	133,154	-165,844	208,690	-59,388	115,139	102,666	-31,855	-93,303	231,797	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	86,277	-89,818	0	0	26,130	-53,158	220,606	-122,080	29,183	-198,906	-12,581	45,802	-10,994	-12,060	0	-3,361	-9,775	-18,339	-2,694	-16,611	-12,391	4,631	-7,981	-5,662	-1,341	-3,668	-1,433	-956	-3,450	-9,055	-1,869	11,026	6,672	-501	16,570	14,395	44,912	-10,626	7,455	-32,643	14,717	-995	58,632	-6,964	41,130	15,104	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-330,260	-184,612	-482,913	684,099	-1,497,132	-1,912,404	-1,310,507	-810,541	544,824	-106,189	430,375	1,364,882	137,616	107,931	3,100,872	574,132	-30,490	-132,777	-97,620	540,608	101,674	-89,540	-247,655	266,877	-26,307	-27,956	-231,236	288,678	-133,069	25,605	-215,365	1,483	-193,586	295,998	-37,352	212,865	-85,159	-86,495	-23,092	133,154	-165,710	208,690	-59,388	115,139	102,666	-31,855	-93,303	231,797	12,656	-90,298	-163,557	175,525	63,909	-13,835	-51,072	133,189	-70,507	18,323	27,013	80,614	-30,672	-24,868	-7,893	17,565	34,972	-37,663	-1,898	21,516	-28,125	17,238	-27,093	13,252	-10,223	9,682	4,980	41,558	2,228	8,989	-31,454	30,250	9,510	-12,797	-23,765	33,662	-20,993	17,895	-57,719	60,156	2,055	7,371	-5,143	4,891	-148	-3,955	2,846	-8,069	9,300	0	13,400	49,500	6,900	14,700	13,700	32,400	4,300	15,600	8,300	32,300	200	4,100	1,500	-1,100	2,800
Change In Working Capital	-312,991	205,635	133,670	-136,718	939,439	30,100	-118,635	-50,924	-19,500	120,481	-362,858	231,075	-83,561	24,242	44,276	-3,227	-35,280	3,396	22,051	-8,981	-18,129	1,646	-5,454	24,883	-37,060	8,275	8,996	-6,640	-15,194	8,766	-814	2,622	-12,830	13,802	5,062	5,708	-23,606	-10,343	20,139	8,978	37,351	32,317	20,595	4,299	77,447	-69,509	37,634	32,524	35,833	50,067	-94	30,595	13,281	-38,557	699	17,705	-6,155	35,941	-11,935	-28,174	-2,452	-6,622	9,045	-10,709	-7,170	14,171	5,776	-10,632	-8,305	-57,016	45,838	-172,476	-41,446	-62,000	-122,000	-1,482,593	1,354,593	-96,000	-12,000	-80,000	-2,064	-1,687	-1,934	-550	-3,512	232	-2,031	1,327	2,384	111	-1,578	533	-2,283	418	-584	-182	-1,900	-2,600	-2,500	800	400	-1,600	1,700	-400	-500	500	-1,400	700	518,100	-457,000	15,000	-1,000	443,000
Change Receivables	0	0	1,285	-3,921	0	0	-3,600	-4,630	3,454	5,615	3,845	4,169	2,355	-3,017	-17,777	-923	0	2,519	-1,685	-968	-1,188	-1,058	-2,576	1,553	-1,723	-1,033	-646	1,204	-1,117	689	-161	-947	-469	29	-388	111	768	-1,786	42	-2,385	4,415	-1,850	868	-2,480	2,570	-94	502	2,274	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,141	-14,029	1,285	-3,921	-10,041	-14,558	-3,600	-4,630	3,454	5,615	3,845	4,169	2,355	-3,017	-17,777	-923	-643	2,519	-1,685	-968	-1,188	-1,058	-2,576	1,553	-1,723	-1,033	-646	1,204	-1,117	689	-161	-947	-469	29	-388	111	768	-1,786	42	-2,385	4,415	-1,850	868	-2,480	2,570	-94	502	2,274	1,348	-784	651	726	75,663	0	0	0	1,252	0	0	0	1,628	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,572	26,148	7,529	0	0	0	0	0	-2,957	80,210	-362,805	270,267	-46,765	49,773	5,717	5,828	-34,840	1,379	23,008	-9,238	0	37,834	34,126	28,415	63,468	17,036	0	16,519	0	0	0	6,593	19,770	12,961	0	0	0	0	0	0	54,558	32,676	17,299	14,830	34,129	-28,258	30,155	38,469	52,015	41,353	-3,018	28,492	0	0	0	1,639	0	0	0	0	1,609	5,932	0	0	5,885	9,315	0	0	0	0	0	0	876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-97,671	141,817	0	0	-137,451	18,608	-233,046	242,328	-389,937	442,173	-36,467	41,667	-26,160	13,410	0	10,742	48,275	7,098	-17,597	11,344	2,080	9,605	-6,998	12,760	9,048	-6,723	-8,020	7,578	-1,543	10,327	-8,512	6,496	1,119	9,920	-37,422	-17,572	414	10,191	11,595	25,409	1,312	4,794	-12,560	-20,061	11,381	-1,834	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,674	0	0	0	1,622	0	0	0	429	0	0	0	0	0	0	0	0	0	0	0	0	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	105,140	194,098	-133,981	47,928	100,503	121,181	103,273	2,363	-78,599	197,584	-104,831	132,384	132,869	131,081	14,491	30,047	-34,677	-8,631	-4,870	21,700	12,148	15,906	36,725	54,779	22,931	-13,585	23,417	5,006	-2,580	-4,624	13,281	15,410	29,407	15,847	-22,788	16,446	10,038	-18,362	-7,684	6,479	21,967	1,539	16,308	29,238	-7,108	-24,180	14,365	2,064	0	0	0	0	0	0	0	392	0	0	0	811	0	0	0	0	0	0	0	4	0	0	0	517	0	0	0	36	0	0	0	0	0	0	0	0	0	0	0	0	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	337,242	337,242	-236,174	19,016	423,025	189,322	-35,443	213,848	42,639	-107,799	-148,688	-177,213	27,022	96,167	34,255	-23,476	-1,278	32,497	-17,244	-16,435	8,459	-2,298	16,346	-26,190	4,343	9,310	4,345	-3,189	4,087	-6,988	0	-636	0	0	0	19,338	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,461	14,501	14,849	15,015	15,826	15,811	16,776	16,178	16,033	15,717	15,912	15,475	14,896	13,219	10,399	7,853	8,140	8,144	8,310	8,527	8,832	8,839	9,086	8,939	7,674	6,966	7,014	7,050	5,566	5,451	5,423	5,142	5,766	5,173	5,178	5,353	5,334	5,306	5,173	5,367	5,684	4,865	3,446	3,500	3,116	3,081	3,141	2,754	2,983	2,691	2,612	2,481	2,521	2,453	2,429	1,887	1,783	1,703	2,078	1,310	1,280	1,270	1,226	1,223	1,176	1,095	1,245	808	784	914	715	758	1,171	734	755	706	917	827	744	741	733	1,227	852	740	1,300	942	-322	1,047	1,320	400	348	371	1,403	17	743	391	600	600	500	400	500	500	700	200	600	400	500	400	500	500	300	400	400
Dividends Paid	39,705	39,572	38,574	38,333	37,873	37,860	37,009	33,922	34,233	34,328	33,328	33,448	33,349	33,334	15,733	15,840	15,521	14,684	14,050	13,441	13,051	12,855	12,513	12,138	9,667	9,659	9,651	9,646	7,751	7,505	7,258	6,771	6,297	6,050	5,807	5,556	5,311	5,068	4,827	5,652	5,387	5,114	3,065	3,062	2,722	2,569	2,564	2,389	2,383	2,380	2,380	2,371	2,172	2,172	2,173	2,163	2,165	2,159	2,782	2,186	1,912	1,737	1,733	1,731	1,566	1,565	1,563	1,533	1,483	1,479	1,476	1,473	1,373	1,414	1,371	1,369	1,301	1,303	1,312	1,312	1,307	1,307	1,228	1,228	1,145	1,115	1,116	1,044	1,050	984	982	984	985	986	915	915	900	800	700	800	700	700	500	600	600	500	500	500	500	400	400	400	400
End Period Cash Flow	998,877	1,329,137	1,513,749	1,996,662	1,312,563	2,809,695	4,722,099	6,032,606	6,843,147	6,298,323	6,404,512	5,974,137	4,609,255	4,471,639	4,363,708	1,262,836	688,704	719,194	851,971	949,591	408,983	307,309	396,849	644,504	377,627	403,934	431,890	663,126	374,448	507,517	481,912	697,277	695,794	889,380	593,382	630,734	417,869	503,028	589,523	612,615	479,461	645,171	436,481	495,869	380,730	278,064	309,919	403,222	171,425	158,769	249,067	412,624	237,099	173,190	187,025	238,097	104,908	175,415	157,092	130,079	49,465	80,137	105,005	112,898	95,333	60,361	98,024	99,922	78,406	106,531	89,293	116,386	103,134	113,357	103,675	98,695	57,137	54,909	45,920	77,374	47,124	37,614	50,411	74,176	40,514	61,507	43,612	101,331	41,175	39,120	31,749	36,892	32,001	32,149	36,104	33,258	41,300	32,000	32,000	73,800	6,900	14,700	13,700	63,200	4,300	15,600	8,300	61,100	200	4,100	1,500	-1,100	2,800
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
Free Cash Flow	-286,832	438,082	304,883	51,739	1,142,806	274,778	128,433	167,206	-15,335	171,830	-62,679	293,455	176,919	282,308	21,896	38,890	47,733	25,356	58,063	34,078	54,894	61,361	50,788	102,130	43,889	69,738	32,053	37,047	18,017	33,726	19,396	41,076	33,435	74,108	50,165	13,935	21,128	27,663	46,359	7,389	44,055	51,366	20,912	19,437	93,727	-36,270	22,774	38,149	31,954	56,519	425	42,258	46,391	-39,732	16,961	-4,322	6,133	48,692	-846	-19,903	-2,737	9,883	9,884	-1,451	541	16,340	12,708	-3,602	-4,240	13,317	-3,169	-3,334	18,178	2,367	-1,381	1,217	6,958	-2,804	7,707	-429	25,814	21,624	-20,990	8,952	-19,819	-8,991	1,815	13,798	-13,140	3,360	-348	3,327	2,609	2,600	1,810	2,600	1,400	-1,000	1,500	1,700	2,600	1,300	4,300	2,000	1,300	2,800	1,500	2,100	2,100	2,200	1,700	2,500	1,900
Investments	-200,404	177,340	-624,466	-268,332	-1,169,511	58,962	-1,357,644	-1,663,946	-910,273	-507,746	-428,892	-712,412	-124,906	-151,385	-951,493	-118,171	-238,086	-155,392	-322,515	-74,949	-56,983	-61,030	-138,542	-25,145	11,282	-62,982	-229,595	31,629	-249,741	-51,708	-263,379	-121,578	-132,850	-40,539	-40,924	3,952	534	-13,196	2,757	1,000	-145,266	188,329	-12,722	22,411	14,172	11,986	23,318	-34,291	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	1,416	709	0	0	1,414	739	0	0	1,233	667	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-468,142	-462,662	887,691	48,615	-112,197	-113,410	-60,830	-78,497	-27,693	-67,030	98,915	-627,155	-13,756	-506,793	526,980	29,667	-28,959	221,138	356,240	140,949	-52,273	-125,606	70,716	-213,020	-57,920	-28,415	-19,386	8,503	-35,797	29,021	23,801	27,710	-27,383	11,127	8,839	-9,689	-49,368	25,610	42,400	-21,762	-284,096	-66,574	89,769	-22,493	5,768	-24,981	54,690	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	106,791	124,144	123,447	139,926	143,502	133,043	119,175	100,329	106,846	122,788	98,960	146,949	86,236	95,221	-84,935	24,110	49,091	51,565	41,460	44,367	49,004	47,082	40,459	42,326	2,421	35,046	31,823	18,264	24,177	28,095	24,516	24,494	25,535	25,140	24,872	23,926	21,248	19,326	17,946	16,917	13,984	12,054	12,532	10,649	5,910	9,063	8,031	7,028	4,829	10,332	4,918	2,516	559	1,787	575	48,961	1,519	2,170	5,386	4,520	3,549	124	6,149	5,963	5,142	5,642	5,571	5,210	4,758	5,260	5,001	4,786	4,085	4,395	4,105	4,070	3,424	3,902	3,324	3,366	3,668	3,886	3,811	3,421	3,800	3,255	3,403	3,376	2,991	3,091	3,099	3,076	2,425	2,807	2,751	2,550	2,200	1,500	2,100	2,100	1,600	2,000	2,000	1,900	1,500	1,800	1,600	1,600	1,300	1,400	1,400	1,400	1,100
Other Cashflows From Financing Activities	791,407	625,940	3,078,658	2,190,314	-1,303,212	-1,320,712	636	632,919	1,518,358	317,501	812,174	1,850,469	801,069	4,027	1,983,536	694,836	182,978	73,378	224,791	778,682	289,010	-11,685	161,516	251,115	115,956	-12,552	-19,104	-218,578	100,377	48,389	31,432	85,946	50,290	-55,170	45,478	228,512	-66,436	-107,132	-28,714	118,869	-127,909	-69,861	-102,377	11,592	-43,424	-64,868	-155,101	157,152	22,007	-121,017	-132,910	-11,465	161,815	-5,475	-43,743	-43,174	-137,743	-29,539	39,221	11,824	-17,471	-1,281	111,337	210,721	121,247	316	142,118	87,985	104,397	77,160	46,561	122,173	74,639	63,594	78,194	82,105	112,649	98,475	52,390	75,620	463	-37,760	35,869	44,787	17,503	53,356	2,509	35,621	-3,338	37,219	36,572	37,036	144,925	-46,101	92,543	28,228	43,900	19,300	14,100	50,300	7,600	15,400	14,200	33,000	4,900	16,100	8,800	32,800	26,600	9,300	100	16,500	4,200
Other Cashflows From Investing Activities	0	1,664	192	2,127	2,079	2,079	-3,060	176,017	14,648	6,909	-205,716	-32,378	17,329	6,087	2,568,250	997	19,207	2,986	3,411	1,025	2,401	7,948	1,212	2,528	122,395	2,235	5,420	73,879	6,181	3,235	4,645	7,222	-134,097	323,440	-86,169	19,397	-34,973	11,129	-39,664	79,024	69,173	299,511	38,245	65,377	75,970	60,324	18,670	73,681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	123	0	0	0	0	10,260	356	261	204	0	0	0	0	0	0	0	0	0	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	-19,227	43,095	15,739	26,609	40,966	57,099	63,983	49,047	38,195	-110,727	129,941	-121,593	171,350	158,728	63,882	15,218	30,799	-39,745	-10,763	-10,528	12,772	381	6,466	23,611	45,901	21,568	-17,876	19,336	7,672	-6,294	-9,210	12,001	11,188	29,299	19,829	-18,984	1,612	8,075	9,133	-21,671	4,338	-5,296	-14,929	930	-26,617	2,456	-1,925	-2,581	6,522	-3,982	-484	7,224	8,926	-530	100,352	-98,081	12,555	9,304	4,983	4,919	-2,165	22,725	-3,792	3,642	1,921	-2,409	2,453	2,616	-177	8,965	-5,783	-7,237	16,574	-1,304	-5,231	-2,788	3,377	-6,926	4,713	-3,640	24,206	18,843	-22,301	8,571	-19,155	-9,832	3,695	10,160	-18,304	693	428	268	1,108	254	289	187	900	-500	1,400	-700	100	400	-100	300	-200	300	1,000	-400	-517,400	457,300	-14,900	1,600	600
Sale Purchase Of Stock	-8,655	-387	-3,606	-3,416	-69	-878	-29,568	-88,815	-50,272	-36,022	-60,323	-804	-78	-193	-5,582	-26,578	-12,534	-64,794	-47,318	-34,785	-60,217	-8,634	-114	-1,612	-1,886	-21	-358	-3,247	-601	-778	-192	-4,410	-4,530	-26	-94	-981	-513	-109	-42	-65,253	-260	-307	-61	-305	-162	-346	-109	-219	-90	-93	-22	-137	-57	0	-152	-46	66,058	-146	-66,184	-174	-201	0	0	-48	-92	0	0	-92	-443	0	0	-81	-252	0	0	0	0	0	0	0	0	0	0	0	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	4,500	100	200	100
Stock Based Compensation	7,377	9,355	7,707	11,422	7,327	10,512	9,313	8,486	6,526	6,396	6,707	6,092	4,624	4,960	11,727	2,007	2,197	2,285	2,226	2,131	2,170	2,260	2,360	1,993	1,967	1,779	1,490	1,698	1,516	1,540	1,798	1,366	1,489	1,407	1,694	1,213	886	1,015	1,123	884	990	791	758	783	449	415	449	428	436	432	435	474	422	419	402	382	335	343	364	389	1,379	0	0	391	1,002	0	0	406	983	0	0	167	0	0	0	0	0	0	0	0	0	0	0	0	0	-328	328	0	0	-26	-543	-1	-6	15	-8	-1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-443,000
Total Cash From Financing Activities	144,463	-313,510	-163,522	898,565	-1,352,740	-1,358,711	-78,236	510,182	1,334,208	222,818	642,645	1,816,217	68,274	-29,079	1,462,219	652,416	155,598	-5,727	163,421	580,454	101,362	-97,819	-161,113	187,364	-203,873	-36,947	-39,114	146,123	92,474	40,352	23,973	74,763	39,926	-61,011	39,576	175,581	-71,848	-112,091	-33,583	46,780	-133,806	-330,516	-105,823	7,914	-67,242	-67,895	-158,065	154,258	-39,242	-144,113	-134,982	-17,627	-6,075	-7,486	-49,259	-208,219	-73,634	-31,670	-37,745	64,096	-7,198	-5,518	96,524	72,063	105,177	-11,274	25,530	56,427	52,847	39,403	34,294	100,859	56,373	62,155	76,788	80,711	43,062	57,147	51,078	74,283	-844	-39,067	34,641	43,559	16,358	52,241	1,393	34,577	-30,388	36,235	35,540	52	11,890	-47,087	91,628	27,313	38,800	18,500	13,400	49,500	6,900	14,700	13,700	32,400	4,300	15,600	8,300	32,300	26,200	13,400	-200	16,300	3,900
Total Cash From Operating Activities	-274,319	449,420	312,275	59,381	1,146,695	279,457	132,552	172,189	109,254	179,378	-50,402	299,035	180,840	286,235	28,785	41,083	51,998	28,773	62,743	37,514	59,928	63,597	54,441	105,745	49,957	72,738	33,929	41,266	25,493	39,665	25,993	46,860	36,983	78,354	54,332	17,199	23,978	30,760	51,131	12,778	50,515	53,714	22,919	22,373	82,218	-30,039	25,938	40,263	38,495	61,552	6,345	44,227	49,688	-23,353	19,747	-2,611	7,112	49,462	875	-17,036	717	17,497	12,628	119	2,776	18,499	15,045	-1,998	-2,671	15,139	-67	-1,526	20,239	3,825	-371	1,988	7,718	-2,197	8,781	467	26,543	22,269	-19,572	12,182	-17,360	-5,711	4,209	16,438	-10,764	3,599	1,735	3,626	2,879	2,752	3,072	3,247	1,800	-1,000	1,500	2,600	2,600	1,300	4,300	2,000	1,400	3,000	1,700	2,300	2,100	2,200	1,700	2,500	1,900
Total Cashflows From Investing Activities	0	-320,522	-631,666	-273,847	-1,169,511	-833,150	-1,364,823	-1,492,912	-898,638	-508,385	-161,868	-750,370	-111,498	-149,225	1,609,868	-119,367	-238,086	-155,823	-323,784	-77,360	-59,616	-55,318	-140,983	-26,232	127,609	-63,747	-226,051	101,289	-251,036	-54,412	-265,331	-120,140	-270,495	278,655	-131,260	20,085	-37,289	-5,164	-40,640	73,596	-82,553	485,492	23,516	84,852	87,690	66,079	38,824	37,276	119,671	106,268	114,005	148,925	359,759	339,463	322,459	344,019	93,983	97,968	97,437	33,554	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	-243,768	0	0	0	0	2,028	2,590	2,486	3,431	2,056	2,279	1,690	50,502	87,019	63,920	71,034	72,906	59,549	33,617	18,975	16,967	21,975	32,276	35,070	0	0	0	0	0
Depreciation And Amortization	58,826	33,205	35,192	46,367	13,084	14,209	10,353	7,577	8,324	8,320	6,081	2,172	10,767	9,290	6,874	4,999	4,324	3,171	3,366	3,229	3,552	2,967	2,439	2,554	2,100	1,900	1,900	2,000	1,430
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	572,026	694,716	604,279	103,972	230,425	299,734	204,170	176,364	173,849	139,950	98,990	66,174	53,623	113,565	57,686	84,592	100,772	84,370	53,188	35,096	36,709	39,374	48,715	48,883	34,800	30,500	26,800	21,900	19,067
Ebitda	630,852	727,921	639,471	150,339	243,509	313,943	214,523	183,941	182,173	148,270	105,071	68,346	64,390	122,855	64,560	89,591	105,096	87,541	56,554	38,325	40,261	42,341	51,154	51,437	36,900	32,400	28,700	23,900	20,497
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	991	-26,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,944,406	1,563,063	1,552,700	901,616	635,063	645,182	544,245	446,869	439,653	432,332	347,922	232,698	190,157	169,041	135,841	114,826	110,436	104,075	89,438	75,916	73,147	66,420	58,180	51,585	46,400	34,500	30,100	25,600	4,893
Income Before Tax	630,852	633,362	604,279	103,972	230,425	224,255	168,805	154,042	150,375	111,428	74,574	45,160	33,357	80,828	20,478	24,294	32,250	30,089	24,478	20,453	22,087	20,626	18,743	15,651	10,900	10,900	9,400	7,900	6,542
Income Tax Expense	136,544	137,313	128,736	-16,660	43,942	45,384	81,251	52,760	50,902	35,991	25,355	15,128	10,762	28,946	6,883	8,509	10,685	10,284	7,823	6,437	7,301	6,792	6,486	5,118	3,000	3,400	2,900	2,400	1,902
Interest Expense	491,798	61,354	51,629	83,563	86,552	53,992	17,014	8,317	10,328	15,662	13,002	11,094	20,266	32,737	37,208	60,298	68,522	54,281	28,710	14,643	14,622	18,748	29,972	33,232	23,900	19,600	17,400	14,000	12,525
Interest Income	1,852,859	1,397,025	1,084,847	910,028	590,827	567,208	426,000	333,163	338,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	494,308	496,049	475,543	120,632	186,483	178,871	87,554	101,282	99,473	75,437	49,219	30,032	22,595	51,882	13,595	15,785	21,565	19,805	16,655	14,016	14,786	13,834	12,257	10,533	7,900	7,500	6,500	5,500	4,640
Net Income Applicable To Common Shares	0	496,049	475,543	120,632	186,483	178,871	87,554	101,282	99,473	74,364	47,865	30,032	22,595	51,882	8,921	15,785	21,565	19,805	16,655	14,016	14,786	13,834	12,257	10,533	0	0	0	0	0
Net Income From Continuing Ops	531,019	496,049	475,543	120,632	186,483	178,871	87,554	101,282	99,473	75,437	49,219	30,032	22,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	1,494,381	1,335,671	1,033,218	826,465	504,275	513,216	408,986	324,846	327,773	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	44,503	8,081	6,945	23,940	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	630,852	694,716	604,279	103,972	230,425	278,247	204,170	176,364	173,849	139,950	98,990	66,174	53,623	113,565	57,686	84,592	100,772	84,370	53,188	35,096	36,709	39,374	48,715	48,883	34,800	30,500	26,800	21,900	19,067
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	28,021	24,219	783,148	1,033,633	417,415	376,907	12,528	12,280	12,802	11,172	10,557	7,106	4,202	5,664	4,279	6,113	5,215	19,705	36,250	40,820	36,438	27,046	9,465	2,702	11,600	4,000	3,300	3,700	14,174
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	1,073	1,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	60,191	33,205	35,192	46,367	33,121	35,696	28,704	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	9,474	8,888	7,959	4,092	4,309	4,221	3,963	3,092	3,838	4,156	3,941	2,735	2,729	3,618	2,497	3,870	3,143	0	0	0	0	0	0	835	800	0	0	0	0
Selling General Administrative	671,967	597,870	670,765	511,179	299,558	291,828	237,843	202,435	197,304	186,645	141,464	94,611	73,510	69,267	46,236	42,554	41,712	40,394	34,074	27,762	28,670	24,136	19,757	17,304	16,800	12,300	10,500	9,000	7,732
Tax Provision	146,004	137,313	128,736	-16,660	43,942	45,384	81,251	52,760	50,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	28,021	24,219	-783,148	-1,033,633	-417,415	-376,907	9,938	9,794	9,371	9,116	8,278	5,416	4,202	5,664	4,279	6,113	5,215	-19,705	-36,250	-40,820	-36,438	-27,046	-9,465	-2,702	-11,600	-4,000	-3,300	-3,700	14,174
Total Other Income Expense Net	0	-61,354	-134,151	-127,179	-34,949	-53,992	-35,365	-22,322	-23,474	-28,522	-24,416	-21,014	-20,266	-32,737	-37,208	-60,298	-68,522	-54,281	-28,710	-14,643	-14,622	-18,748	-29,972	-33,232	-23,900	-19,600	-17,400	-14,000	-12,525
Total Revenue	1,700,638	1,563,063	1,552,700	901,616	635,063	645,182	537,125	441,531	437,464	414,466	325,195	204,058	190,157	169,041	135,841	114,826	110,436	104,075	89,438	75,916	73,147	66,420	58,180	51,585	46,400	34,500	30,100	25,600	4,893

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	1	7,329	0	0	0	4,418	0	0	0	2,028	18,388	16,648	11,529	2,590	6,154	6,061	7,331	2,485	2,947	4,710	4,770	3,431	3,621	1	3,767	2,056	6,070	6,027	4,845	2,279	4,697	2,421	3,428	-9,459	6,668	7,578	5,905	10,957	12,950	9,545	17,050	18,641	18,566	20,461	29,351	17,439	15,629	14,359	16,493	17,824	17,086	17,259	18,865	19,254	18,540	17,764	17,348	17,230	15,354	14,352	12,613	10,965	9,341	7,479	5,832	5,733	4,649	4,698	3,895	3,497	4,342	4,216	4,912	5,620	5,576	5,290	5,493	6,811	8,100	8,385	8,980	8,990	9,393	9,240	7,447	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,400	3,400
Depreciation And Amortization	14,461	6,616	7,028	7,299	8,027	7,837	8,847	8,494	8,517	8,543	8,968	9,164	14,896	13,219	10,399	3,007	3,267	3,268	3,268	3,281	3,537	3,537	3,722	3,413	2,857	2,494	2,495	2,507	1,890	1,891	1,892	1,904	2,266	2,078	1,964	2,016	2,052	2,080	2,084	2,104	2,287	1,738	1,022	1,034	566	566	3,141	2,754	2,983	2,691	2,612	2,481	2,521	2,453	2,429	1,887	1,783	1,703	2,078	1,310	1,280	1,270	1,226	1,223	1,176	1,095	1,245	808	784	914	715	758	1,171	734	755	706	917	827	744	741	733	1,227	852	740	1,300	942	-322	1,047	1,320	400	348	371	1,403	17	743	391	600	600	500	400	500	500	700	200	600	400	500	400	500	500	300	400	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	136,584	157,304	157,942	248,168	210,640	195,653	171,425	144,087	151,911	172,246	148,915	210,781	87,659	143,400	-91,675	52,998	84,449	92,067	79,531	80,967	84,407	77,478	69,637	68,212	53,329	61,287	56,020	33,534	43,333	48,078	42,447	42,507	43,766	44,159	43,387	42,537	37,804	34,878	34,261	33,008	28,944	26,014	23,375	20,657	13,363	19,141	15,064	13,751	9,883	20,617	12,860	10,263	8,633	10,819	8,647	85,467	9,454	11,824	18,059	18,349	18,954	14,384	24,589	26,665	25,237	25,987	25,368	24,180	22,970	22,253	20,776	18,370	15,435	13,912	12,659	11,181	9,514	9,585	7,996	8,001	8,490	9,184	9,749	9,286	10,143	9,586	9,702	10,109	10,455	12,141	12,730	13,389	11,923	13,144	12,912	10,904	9,300	9,400	8,000	8,000	7,200	8,100	7,900	7,400	6,800	7,000	6,800	6,300	1,300	1,400	1,400	1,400	5,000
Ebitda	151,045	163,920	164,970	255,467	218,667	203,490	180,272	152,581	160,428	180,789	157,883	219,945	102,555	156,619	-81,276	56,005	87,716	95,335	82,799	84,248	87,944	81,015	73,359	71,625	56,186	63,781	58,515	36,041	45,223	49,969	44,339	44,411	46,032	46,237	45,351	44,553	39,856	36,958	36,345	35,112	31,231	27,752	24,397	21,691	13,929	19,707	18,205	16,505	12,866	23,308	15,472	12,744	11,154	13,272	11,076	87,354	11,237	13,527	20,137	19,659	20,234	15,654	25,815	27,888	26,413	27,082	26,613	24,988	23,754	23,167	21,491	19,128	16,606	14,646	13,414	11,887	10,431	10,412	8,740	8,742	9,223	10,411	10,601	10,026	11,443	10,528	9,380	11,156	11,775	12,541	13,078	13,760	13,326	13,161	13,655	11,295	9,900	10,000	8,500	8,400	7,700	8,600	8,600	7,600	7,400	7,400	7,300	6,700	1,800	1,900	1,700	1,800	5,400
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	991	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	380,844	428,219	400,568	418,567	412,254	411,511	383,285	356,013	349,998	346,996	332,150	358,283	356,089	385,138	216,904	172,145	158,345	164,955	164,797	155,325	159,604	159,937	166,776	168,837	145,888	133,611	133,719	131,027	108,082	113,645	114,904	110,239	106,547	112,209	112,115	108,781	106,928	107,506	109,000	108,800	107,939	100,809	69,843	69,331	73,833	56,076	54,278	48,511	49,603	50,570	46,793	43,191	-54,377	43,986	43,256	130,590	37,960	31,972	33,780	32,129	30,754	21,964	31,689	30,419	26,070	29,078	28,322	26,973	26,679	26,746	26,222	24,418	24,096	23,414	21,988	19,938	19,372	18,788	19,588	18,168	17,945	19,332	18,189	17,681	17,465	16,875	16,242	15,839	15,618	14,631	14,616	13,315	12,961	13,019	13,208	12,422	12,100	14,800	9,900	9,600	9,200	8,800	8,400	8,000	7,900	7,700	7,400	7,100	0	0	0	5,700	5,700
Income Before Tax	136,584	157,304	157,942	179,022	182,755	171,078	152,116	127,413	135,118	153,609	127,560	187,992	66,835	118,454	-109,682	28,365	58,578	64,563	51,686	55,598	61,636	56,905	52,103	53,611	42,962	52,723	47,753	25,367	37,568	42,482	36,936	37,056	37,922	38,517	37,685	36,251	30,693	27,673	27,314	25,749	21,188	18,858	18,705	15,823	8,462	14,001	12,128	10,569	5,983	15,990	7,530	3,854	659	2,581	695	76,894	2,173	3,185	8,221	6,899	5,504	83	9,662	9,045	7,624	8,608	8,404	7,614	7,293	7,946	7,947	6,903	5,916	6,245	6,244	6,072	4,944	5,723	4,892	4,894	5,438	5,673	5,763	5,213	5,731	4,715	5,073	5,107	4,559	4,734	4,749	4,701	3,557	4,207	4,112	3,775	3,000	1,700	3,000	3,100	2,300	2,900	2,900	2,800	2,200	2,500	2,400	2,300	0	0	0	1,700	1,700
Income Tax Expense	29,793	33,160	34,495	39,096	39,253	38,035	32,941	27,084	28,272	30,821	28,600	41,043	-19,401	23,233	-24,747	4,255	9,487	12,998	10,226	11,231	12,632	9,823	11,644	11,285	40,541	17,677	15,930	7,103	13,391	14,387	12,420	12,562	12,387	13,377	12,813	12,325	9,445	8,346	9,368	8,832	7,204	6,804	6,173	5,174	2,552	4,938	4,097	3,541	1,154	5,658	2,612	1,338	100	794	120	27,933	654	1,014	2,836	2,379	1,955	-41	3,513	3,082	2,482	2,966	2,833	2,404	2,535	2,686	2,946	2,117	1,831	1,850	2,139	2,002	1,520	1,821	1,568	1,528	1,770	1,787	1,952	1,792	1,931	1,460	1,670	1,731	1,568	1,643	1,650	1,625	1,132	1,400	1,361	1,225	800	200	900	1,000	700	900	900	900	700	800	800	700	0	0	0	500	500
Interest Expense	161,204	145,138	116,310	69,146	27,885	16,601	11,380	8,990	9,277	11,463	14,411	16,478	20,823	24,946	18,007	19,787	20,998	22,628	22,803	20,123	17,476	15,271	12,170	9,075	5,550	4,092	3,748	3,624	2,088	2,036	1,980	2,213	2,344	2,547	2,488	2,949	3,829	3,979	3,858	3,996	4,359	4,029	2,246	2,368	2,351	2,625	2,936	3,182	3,900	4,627	5,330	6,409	7,974	8,238	7,952	8,573	7,281	8,639	9,838	11,450	13,450	14,301	14,927	17,620	17,613	17,379	16,964	16,566	15,677	14,307	12,829	11,467	9,519	7,667	6,415	5,109	4,570	3,862	3,104	3,107	3,052	3,511	3,986	4,073	4,412	4,871	4,629	5,002	5,896	7,407	7,981	8,688	8,366	8,937	8,800	7,129	6,300	7,700	5,000	4,900	4,900	5,200	5,000	4,600	4,600	4,500	4,400	4,000	0	0	0	3,400	3,400
Interest Income	515,435	500,509	478,053	450,409	423,889	374,810	325,659	270,464	267,381	271,449	267,541	278,476	286,370	295,294	180,564	147,800	147,454	150,001	149,982	143,390	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Income	106,791	124,144	123,447	139,926	143,502	133,043	119,175	100,329	106,846	122,788	98,960	146,949	86,236	95,221	-84,935	24,110	49,091	51,565	41,460	44,367	49,004	47,082	40,459	42,326	2,421	35,046	31,823	18,264	24,177	28,095	24,516	24,494	25,535	25,140	24,872	23,926	21,248	19,327	17,946	16,917	13,984	12,054	12,532	10,649	5,910	9,063	8,031	7,028	4,829	10,332	4,918	2,516	559	1,787	575	48,961	1,519	2,171	5,385	4,520	3,549	124	6,149	5,963	5,142	5,642	5,571	5,210	4,758	5,260	5,001	4,786	4,085	4,395	4,105	4,070	3,424	3,902	3,324	3,366	3,668	3,886	3,811	3,421	3,800	3,255	3,403	3,376	2,991	3,091	3,099	3,076	2,425	2,807	2,751	2,550	2,200	1,500	2,100	2,100	1,600	2,000	2,000	1,900	1,500	1,700	1,600	1,600	1,300	1,400	1,400	1,400	1,100
Net Income Applicable To Common Shares	0	124,144	123,447	139,926	143,502	133,043	119,175	100,329	106,846	122,788	98,960	146,949	86,236	95,221	-84,935	24,110	49,091	51,565	41,460	44,367	49,004	47,082	40,459	42,326	2,421	35,046	31,823	18,264	24,177	28,095	24,516	24,494	25,535	25,140	24,872	23,926	21,247	19,327	17,946	15,844	13,172	11,512	12,532	10,649	5,910	9,063	8,031	7,028	4,829	10,332	4,918	2,516	559	1,787	575	48,961	1,519	2,171	1,525	3,706	3,549	124	6,149	5,963	5,142	5,642	5,571	5,210	4,758	5,260	5,001	4,786	4,085	4,395	4,105	4,070	3,424	3,902	3,324	3,366	3,668	3,886	3,811	3,421	3,800	3,255	3,403	3,376	2,991	3,091	3,099	3,076	2,425	2,807	2,751	2,550	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	106,791	124,144	123,447	139,926	143,502	133,043	119,175	100,329	106,846	122,788	98,960	146,949	86,236	95,221	-84,935	24,110	49,091	51,565	41,460	44,367	49,004	47,082	40,459	42,326	2,421	35,046	31,823	18,264	24,177	28,095	24,516	24,494	25,535	25,140	24,872	23,926	21,247	19,327	17,946	16,917	13,984	12,054	12,532	10,649	5,910	9,063	8,031	7,028	0	10,332	4,918	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	354,231	355,371	361,743	381,263	396,004	358,209	314,279	261,474	258,104	259,986	253,130	261,998	265,547	270,348	162,557	128,013	126,456	127,373	127,179	123,267	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-11,296	11,296	-7,199	110,467	-79,789	21,024	7,738	1,301	-958	0	6,945	0	0	0	23,940	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	136,584	157,304	157,942	248,168	210,640	195,653	171,425	144,087	144,395	172,246	148,915	210,781	87,659	143,400	-91,675	52,998	84,449	92,067	79,531	80,967	84,407	77,478	69,637	68,212	53,329	61,287	56,020	33,534	43,333	48,078	42,447	42,507	43,766	44,159	43,387	42,537	-454,676	34,878	34,261	33,008	-329,659	26,014	23,375	20,657	-220,107	19,141	15,064	13,751	-198,092	20,617	12,860	10,263	-263,988	10,819	8,647	85,467	-130,560	11,824	18,059	18,349	-112,989	14,384	24,589	26,665	-114,460	25,987	25,368	24,180	22,970	22,253	20,776	18,370	15,435	13,912	12,659	11,181	9,514	9,585	7,996	8,001	8,490	9,184	9,749	9,286	10,143	9,586	9,702	10,109	10,455	12,141	12,730	13,389	11,923	13,144	12,912	10,904	9,300	9,400	8,000	8,000	7,200	8,100	7,900	7,400	6,800	7,000	6,800	6,300	1,300	1,400	1,400	1,400	1,700
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
Other Operating Expenses	244,260	270,915	281,015	5,820	17,602	5,665	6,617	203,477	18,588	4,600	3,960	5,015	25,454	5,588	3,379	3,308	19,052	3,494	3,740	3,047	15,132	3,187	3,061	2,435	12,528	2,117	2,588	2,332	12,279	2,548	2,434	67,732	12,802	2,437	2,595	2,297	131,426	1,905	2,244	2,475	91,955	2,527	1,408	1,533	51,783	1,379	1,285	1,390	57,538	1,201	790	1,342	46,156	1,109	1,644	1,144	32,679	955	1,128	1,084	28,917	1,368	1,599	1,453	30,087	1,498	1,367	2,793	30,054	4,493	5,446	6,048	25,038	9,502	9,329	8,757	9,858	9,203	11,592	10,167	9,455	10,148	8,440	8,395	7,322	7,289	6,540	5,730	5,163	2,490	1,886	74	1,038	125	296	1,518	2,800	5,400	1,900	1,600	2,000	700	500	600	1,100	700	600	800	1,300	1,400	1,400	1,400	10,800
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	1,073	812	542	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,461	6,616	7,028	7,299	8,027	7,837	8,847	8,494	8,517	8,543	8,968	9,164	14,896	13,219	10,399	7,853	8,140	8,144	8,310	8,527	8,832	8,839	9,086	8,939	7,674	6,966	7,014	7,050	5,566	5,451	5,423	5,142	5,766	5,173	5,178	5,353	5,334	5,306	5,173	5,367	5,684	4,865	3,446	3,500	3,116	3,081	3,141	2,754	2,983	2,691	2,612	2,481	2,521	2,453	2,429	1,887	1,783	1,703	2,078	1,310	1,280	1,270	1,226	1,223	1,176	1,095	1,245	808	784	914	715	758	1,171	734	755	706	917	827	744	741	733	1,227	852	740	1,300	942	-322	1,320	1,320	400	348	1,403	1,403	17	743	391	600	600	500	400	500	500	700	200	600	400	500	400	500	500	300	400	400
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
Selling And Marketing Expenses	2,826	3,009	1,521	2,118	2,669	2,170	2,286	1,763	2,375	2,185	1,659	1,740	1,544	1,203	531	814	1,491	1,052	959	807	1,273	1,049	1,163	736	1,563	852	989	559	799	790	858	645	920	1,054	1,009	888	1,172	837	1,054	1,134	1,301	1,150	648	842	689	736	553	757	707	824	289	909	1,389	614	1,028	587	697	579	571	650	1,088	771	1,092	919	711	985	842	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	835	0	0	0	800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,400
Selling General Administrative	191,050	184,824	187,506	150,354	152,880	174,279	169,632	168,143	167,531	166,009	168,193	168,962	173,775	161,977	97,888	76,091	72,833	72,093	81,865	72,767	71,224	72,287	71,377	76,940	61,856	57,385	58,510	60,092	49,630	51,253	50,429	51,124	49,471	49,171	48,802	49,855	46,153	44,714	45,856	44,891	46,150	40,998	29,110	28,896	26,315	19,525	19,335	21,801	8,482	22,322	19,271	18,125	19,676	17,294	16,883	15,414	11,078	11,605	11,850	11,703	10,306	10,164	10,863	11,221	8,237	11,171	11,382	10,922	10,341	10,226	10,012	9,816	9,036	8,668	8,638	7,732	7,118	6,885	6,928	6,831	7,388	7,428	7,144	6,710	6,386	6,203	5,979	5,569	5,239	5,119	4,837	4,562	4,171	4,211	4,406	4,516	4,200	5,300	3,500	3,700	3,300	3,100	3,000	2,800	2,800	2,700	2,600	2,400	0	0	0	4,000	4,000
Tax Provision	29,793	33,160	34,495	39,096	39,253	38,035	32,941	27,084	28,272	30,821	28,600	41,043	-19,401	23,233	-24,747	4,255	9,487	12,998	10,226	11,231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-244,260	-270,915	-281,015	5,820	17,602	5,665	6,617	-203,477	18,588	4,600	3,960	5,014	18,125	5,588	3,379	3,308	14,634	3,494	3,740	3,047	13,104	3,187	3,061	2,435	9,938	2,117	2,588	2,332	9,794	2,548	2,434	-67,732	9,371	2,437	2,594	2,297	129,370	1,905	2,244	2,475	89,676	2,527	1,408	1,533	61,242	1,379	1,285	1,390	57,538	1,201	790	1,342	46,156	1,109	1,644	1,144	32,679	955	1,128	1,084	28,917	1,368	1,599	1,453	30,087	1,498	1,367	-2,793	-30,054	-4,493	-5,446	-6,048	-25,038	-9,502	-9,329	-8,757	-9,858	-9,203	-11,592	-10,167	-9,455	-10,148	-8,440	-8,395	-7,322	-7,289	-6,540	-5,730	-5,163	-2,490	-1,886	74	-1,038	125	-296	-1,518	-2,800	-5,400	-1,900	-1,600	-2,000	-700	-500	-600	-1,100	-700	-600	-800	1,300	1,400	1,400	1,400	7,400
Total Other Income Expense Net	0	-16,025	-18,641	-69,146	-27,885	-24,575	-19,309	-16,674	-9,277	-18,637	-21,355	-22,789	-20,824	-24,946	-18,007	-24,633	-25,871	-27,504	-27,845	-25,369	-22,771	-20,573	-17,534	-14,601	-10,367	-8,564	-8,267	-8,167	-5,765	-5,596	-5,511	-5,451	-5,844	-5,642	-5,702	-6,286	485,368	-7,205	-6,947	-7,259	350,847	-7,156	-4,670	-4,834	228,569	-5,140	-2,936	-3,182	204,075	-4,627	-5,330	-6,409	264,646	-8,238	-7,952	-8,573	132,733	-8,639	-9,838	-11,450	118,493	-14,301	-14,927	-17,620	122,084	-17,379	-16,964	-16,566	-15,677	-14,307	-12,829	-11,467	-9,519	-7,667	-6,415	-5,109	-4,570	-3,862	-3,104	-3,107	-3,052	-3,511	-3,986	-4,073	-4,412	-4,871	-4,629	-5,002	-5,896	-7,407	-7,981	-8,688	-8,366	-8,937	-8,800	-7,129	-6,300	-7,700	-5,000	-4,900	-4,900	-5,200	-5,000	-4,600	-4,600	-4,500	-4,400	-4,000	0	0	0	0	0
Total Revenue	380,844	428,219	400,568	418,567	412,254	411,511	383,285	356,013	359,155	385,899	390,943	416,703	345,233	355,341	65,430	135,612	159,206	160,927	161,093	153,837	158,300	157,199	162,609	167,074	145,227	131,993	132,034	127,872	112,810	115,673	113,090	109,086	109,803	111,711	109,214	106,736	105,368	102,731	103,203	103,165	105,074	94,266	63,590	62,264	56,601	52,032	54,278	48,511	49,603	50,570	46,793	43,191	-54,377	43,986	43,256	130,590	37,960	31,972	33,780	32,129	30,754	21,964	31,689	30,419	26,070	29,078	28,322	26,973	26,679	26,746	26,222	24,418	24,096	23,414	21,988	19,938	19,372	18,788	19,588	18,168	17,945	19,332	18,189	17,681	17,465	16,875	16,242	15,839	15,618	14,631	14,616	13,315	12,961	13,019	13,208	12,422	12,100	14,800	9,900	9,600	9,200	8,800	8,400	8,000	7,900	7,700	7,400	7,100	0	0	0	5,700	5,700

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

Gross Profit (+$)
totalRevenue	1,700,638
Cost of Revenue	--243,768
Gross Profit	1,944,406	1,944,406

Operating Income (+$)
Gross Profit	1,944,406
Operating Expense	-28,021
Operating Income	630,852	1,916,385

Operating Expense (+$)
Research Development	0
Selling General Administrative	671,967
Selling And Marketing Expenses	9,474
Operating Expense	28,021	681,441

Net Interest Income (+$)
Interest Income	1,852,859
Interest Expense	-491,798
Other Finance Cost	-133,320
Net Interest Income	1,494,381

Pretax Income (+$)
Operating Income	630,852
Net Interest Income	1,494,381
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	630,852	630,852 EBIT - interestExpense = 80,228 630,852 986,106
Interest Expense	491,798
Earnings Before Interest and Taxes (EBIT)	572,026	1,122,650
Earnings Before Interest and Taxes (EBITDA)	630,852

After tax Income (+$)
Income Before Tax	630,852
Tax Provision	-146,004
Net Income From Continuing Ops	531,019	484,848
Net Income	494,308
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	28,021
Total Other Income/Expenses Net	0	-1,494,381

Technical Analysis of South State Corp
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of South State Corp. The general trend of South State Corp is BEARISH with 14.3% 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 South State Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (-14.3%)		Bearish trend (14.3%)
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 South State Corp.

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

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

The bullish price targets are: 79.07 < 83.05 < 85.17.

The bearish price targets are: 75.86 > 74.91 > 72.68.

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South State Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of South State Corp. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

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

South State Corp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of South State Corp. The current macd is -0.7884361.

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

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

South State Corp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of South State Corp. The current adx is 11.29.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell South State Corp shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

South State Corp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of South State Corp. The current sar is 76.30.

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

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

South State Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of South State Corp. The current rsi is 46.41. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

South State Corp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of South State Corp. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line < STOCH %D line: The STOCH %K line is 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 South State Corp price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

South State Corp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of South State Corp. The current cci is -34.24352244.

South State Corp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of South State Corp. The current cmo is -5.2356139.

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

South State Corp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of South State Corp. The current willr is -56.88456189.

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

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

South State Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of South State Corp.

South State Corp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of South State Corp. The current atr is 1.89368699.

South State Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of South State Corp. The current obv is -20,112,272.

South State Corp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of South State Corp. The current mfi is 37.64.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

South State Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for South State Corp.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

South State Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	46.411
Ma 20	Greater than	Ma 50	79.789
Ma 50	Greater than	Ma 100	81.476
Ma 100	Greater than	Ma 200	81.963
Open	Greater than	Close	79.740
Total			2/5 (40.0%)

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South State Corp Buy, Hold or Sell?

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Quick analysis of South State Corp (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of South State Corp (5 min.)

$78.96

$72.20

$-241.62 - $25.53

$-169.41 - $97.73

2. Growth of South State Corp (5 min.)

Is South State Corp growing?

How much money is South State Corp making?

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

3. Financial Health of South State Corp (5 min.)

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

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of South State Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of South State Corp

About South State Corp

Financial Health

Valuation

1.1. Profitability of South State Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of South State Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of South State Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of South State Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of South State Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

South State Corp
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