Steel Dynamics Inc
Buy, Hold or Sell?

Let's analyse Steel Dynamics Inc together

Penke I guess you are interested in Steel Dynamics Inc. 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 Steel Dynamics Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

Get notifications about Steel Dynamics Inc

I send you an email if I find something interesting about Steel Dynamics Inc.

Quick analysis of Steel Dynamics Inc (30 sec.)

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

How much money do you get?

$1.62

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$54.47

Expected worth in 1 year

$62.92

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$10.07

Return On Investment

7.6%

For what price can you sell your share?

Current Price per Share

$133.03

Expected price per share

$121.32 - $151.34

How sure are you?

50%

1. Valuation of Steel Dynamics Inc (5 min.)

Live pricePrice per Share (EOD)

$133.03

Book Value per Share

$54.47

Intrinsic Value Per Share

$70.39 - $279.67

Total Value Per Share

$124.86 - $334.14

My calculation of the intrinsic value of Steel Dynamics Inc 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: ($1.39) 3Y: ($3.03) TTM: ($2.78)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.05) 3Y: ($0.26) TTM: ($-0.60)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.85	$14.43	$6.38 - $16.27
2	$12.11	$32.41	$7.19 - $20.44
3	$18.72	$53.72	$8.01 - $24.60
4	$25.62	$78.15	$8.83 - $28.76
5	$32.75	$105.50	$9.65 - $32.93
6	$40.07	$135.58	$10.47 - $37.09
7	$47.53	$168.21	$11.28 - $41.25
8	$55.09	$203.21	$12.10 - $45.42
9	$62.72	$240.41	$12.92 - $49.58
10	$70.39	$279.67	$13.74 - $53.74

2. Growth of Steel Dynamics Inc (5 min.)

Is Steel Dynamics Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$8.8b	$7.6b	$1b	11.9%

How much money is Steel Dynamics Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$612.7m	$965.6m	-$352.9m	-57.6%
Net Profit Margin	12.9%	17.2%	-	-

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

Quarterly Yearly

3. Financial Health of Steel Dynamics Inc (5 min.)

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

Industry Rankings (Steel)

Richest
#16 / 328

Most Revenue
#28 / 328

Most Profit
#9 / 328

Most Efficient
#38 / 328

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

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

What can you expect buying and holding a share of Steel Dynamics Inc?

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

Speculation

The Price per Share of Steel Dynamics Inc is $133.03. 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 Steel Dynamics Inc.
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 Steel Dynamics Inc, 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 $54.47. Based on the TTM, the Book Value Change Per Share is $2.11 per quarter. Based on the YOY, the Book Value Change Per Share is $3.56 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 $0.41 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Steel Dynamics Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	2.61	2.0%	3.65	2.7%	5.20	3.9%	2.84	2.1%	1.68	1.3%
Usd Book Value Change Per Share	1.14	0.9%	2.11	1.6%	3.56	2.7%	1.88	1.4%	1.09	0.8%
Usd Dividend Per Share	0.43	0.3%	0.41	0.3%	0.32	0.2%	0.29	0.2%	0.22	0.2%
Usd Total Gains Per Share	1.57	1.2%	2.52	1.9%	3.88	2.9%	2.17	1.6%	1.31	1.0%
Usd Price Per Share	118.10	-	111.83	-	79.56	-	61.99	-	45.37	-
Price to Earnings Ratio	11.29	-	8.08	-	4.13	-	8.00	-	12.86	-
Price-to-Total Gains Ratio	75.18	-	48.80	-	22.04	-	37.04	-	64.96	-
Price to Book Ratio	2.17	-	2.16	-	1.93	-	1.90	-	2.06	-
Price-to-Total Gains Ratio	75.18	-	48.80	-	22.04	-	37.04	-	64.96	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	133.03
Number of shares	7

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.41	0.29
Usd Book Value Change Per Share	2.11	1.88
Usd Total Gains Per Share	2.52	2.17
Gains per Quarter (7 shares)	17.62	15.20
Gains per Year (7 shares)	70.48	60.82

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	11	59	60	8	53	51
2	23	118	130	16	105	112
3	34	177	200	25	158	173
4	45	236	270	33	211	234
5	57	296	340	41	263	295
6	68	355	410	49	316	356
7	80	414	480	57	369	417
8	91	473	550	65	421	478
9	102	532	620	74	474	539
10	114	591	690	82	526	600

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	38.0	2.0	0.0	95.0%	104.0	4.0	0.0	96.3%
Book Value Change 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%	34.0	6.0	0.0	85.0%	80.0	28.0	0.0	74.1%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	78.0	0.0	30.0	72.2%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	37.0	3.0	0.0	92.5%	84.0	24.0	0.0	77.8%

Fundamentals of Steel Dynamics Inc

About Steel Dynamics Inc

https://www.steeldynamics.com
Steel
12600
7575 West Jefferson Boulevard, Fort Wayne, IN, United States, 46804
Google Maps Bing Maps

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

Fundamental data was last updated by Penke on 2024-04-12 19:16:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
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 Steel Dynamics Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Steel Dynamics Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Steel Dynamics Inc to the Steel industry mean.
A Net Profit Margin of 10.0% means that $0.10 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Steel Dynamics Inc:

The MRQ is 10.0%. The company is making a huge profit. +2
The TTM is 12.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	10.0%	TTM	12.9%	-2.9%
TTM	12.9%	YOY	17.2%	-4.3%
TTM	12.9%	5Y	11.8%	+1.1%
5Y	11.8%	10Y	8.2%	+3.6%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	10.0%	2.9%	+7.1%
TTM	12.9%	3.0%	+9.9%
YOY	17.2%	4.7%	+12.5%
5Y	11.8%	3.7%	+8.1%
10Y	8.2%	2.7%	+5.5%

Measures how much net profit Steel Dynamics Inc earns for each $1 of revenue.

Revenue is the amount of profit Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel industry mean.
Can be used to compare companies within the Steel industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Steel Dynamics Inc. If profit margins remain low (compared to the Steel 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 Steel Dynamics Inc is 0.10. This means that Steel Dynamics Inc earned $0.10 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 Steel industry is 2.9%.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc with other companies in the same industry (Steel).
Net profit margin should rise over the years.
Can be influenced when Steel Dynamics Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Steel Dynamics Inc 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 Steel Dynamics Inc

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 Steel Dynamics Inc = 424,270
Total revenue MRQ Steel Dynamics Inc = 4,233,423
$424,270 / $4,233,423 = 0.10 or 10.0%

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 Steel Dynamics Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Steel Dynamics Inc to the Steel industry mean.
2.8% Return on Assets means that Steel Dynamics Inc generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Steel Dynamics Inc:

The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
The TTM is 4.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	4.2%	-1.4%
TTM	4.2%	YOY	7.1%	-2.9%
TTM	4.2%	5Y	4.4%	-0.2%
5Y	4.4%	10Y	3.1%	+1.3%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	1.2%	+1.6%
TTM	4.2%	1.3%	+2.9%
YOY	7.1%	2.2%	+4.9%
5Y	4.4%	1.6%	+2.8%
10Y	3.1%	1.2%	+1.9%

Shows how efficient Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel Dynamics Inc is using its resources to generate profit. If the return on assets (2.8%) from Steel Dynamics Inc are higher than the Steel mean (1.2%) that means Steel Dynamics Inc 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 Steel Dynamics Inc is 2.8%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Steel industry is 1.2%.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Steel Dynamics Inc = 424,270
Total assets MRQ (balance sheet) from Steel Dynamics Inc = 14,982,793
424,270 / 14,982,793 = 0.03 or 2.8%

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

Above 15%-20% is considered healthy but always compare Steel Dynamics Inc to the Steel industry mean.
4.8% Return on Equity means Steel Dynamics Inc generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Steel Dynamics Inc:

The MRQ is 4.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 7.1%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	4.8%	TTM	7.1%	-2.3%
TTM	7.1%	YOY	12.8%	-5.7%
TTM	7.1%	5Y	8.4%	-1.3%
5Y	8.4%	10Y	6.0%	+2.4%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	4.8%	2.3%	+2.5%
TTM	7.1%	2.5%	+4.6%
YOY	12.8%	4.9%	+7.9%
5Y	8.4%	3.2%	+5.2%
10Y	6.0%	2.2%	+3.8%

Shows how efficient Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel 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 Steel Dynamics Inc is 4.8%. This means Steel Dynamics Inc generated $0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Steel industry is 2.3%.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc up to 10 years back (depending if Steel Dynamics Inc 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 Steel Dynamics Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Steel Dynamics Inc = 424,270
Shareholders equity (balance sheet) MRQ Steel Dynamics Inc = 8,866,666
424,270 / 8,866,666 = 0.05 or 4.8%

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

1.2. Operating Efficiency of Steel Dynamics Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Steel Dynamics Inc is operating .

Measures how much profit Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel industry mean.
An Operating Margin of 12.2% means the company generated $0.12 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Steel Dynamics Inc:

The MRQ is 12.2%. The company is operating less efficient.
The TTM is 16.8%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	12.2%	TTM	16.8%	-4.5%
TTM	16.8%	YOY	22.5%	-5.8%
TTM	16.8%	5Y	16.0%	+0.8%
5Y	16.0%	10Y	12.7%	+3.3%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	12.2%	6.3%	+5.9%
TTM	16.8%	3.8%	+13.0%
YOY	22.5%	6.2%	+16.3%
5Y	16.0%	5.6%	+10.4%
10Y	12.7%	4.4%	+8.3%

Measures how efficient Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel Dynamics Inc 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 Steel Dynamics Inc is 12.2%. This means that Steel Dynamics Inc earned $0.12 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Steel industry is 6.3%.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Steel Dynamics Inc = 518,536
Total revenue MRQ Steel Dynamics Inc = 4,233,423
$518,536 / $4,233,423 = 0.12 or 12.2%

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 Steel Dynamics Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Steel industry mean).
An Operation Ratio of 0.88 means that the operating costs are $0.88 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Steel Dynamics Inc:

The MRQ is 0.878. The company is less efficient in keeping operating costs low.
The TTM is 0.834. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.878	TTM	0.834	+0.043
TTM	0.834	YOY	0.775	+0.060
TTM	0.834	5Y	0.840	-0.005
5Y	0.840	10Y	0.872	-0.032

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.878	1.722	-0.844
TTM	0.834	1.646	-0.812
YOY	0.775	1.497	-0.722
5Y	0.840	1.520	-0.680
10Y	0.872	1.379	-0.507

Measures how efficient Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel Dynamics Inc is 87.8%. This means that Steel Dynamics Inc earned $0.88 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 Steel industry is 1.72.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

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
(3,510,625 +204,262) \ 4,233,423 = 0.88

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 Steel Dynamics Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Steel Dynamics Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Steel industry mean).
A Current Ratio of 2.91 means the company has $2.91 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Steel Dynamics Inc:

The MRQ is 2.910. The company is able to pay all its short-term debts. +1
The TTM is 3.759. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	2.910	TTM	3.759	-0.849
TTM	3.759	YOY	3.592	+0.168
TTM	3.759	5Y	3.604	+0.156
5Y	3.604	10Y	3.701	-0.098

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	2.910	1.701	+1.209
TTM	3.759	1.743	+2.016
YOY	3.592	1.635	+1.957
5Y	3.604	1.608	+1.996
10Y	3.701	1.464	+2.237

Measures if Steel Dynamics Inc 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 Steel 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 Steel Dynamics Inc 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 Steel Dynamics Inc is 2.91. This means Steel Dynamics Inc has $2.91 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Steel industry is 1.70.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
6,787,826 \ 2,332,296) = 2.91

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

Above 1 is considered healthy but always compare Steel Dynamics Inc to the Steel industry mean.
A Quick Ratio of 1.91 means the company can pay off $1.91 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Steel Dynamics Inc:

The MRQ is 1.909. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 2.480. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.909	TTM	2.480	-0.571
TTM	2.480	YOY	2.106	+0.374
TTM	2.480	5Y	2.125	+0.355
5Y	2.125	10Y	2.062	+0.063

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	1.909	0.573	+1.336
TTM	2.480	0.616	+1.864
YOY	2.106	0.695	+1.411
5Y	2.125	0.683	+1.442
10Y	2.062	0.634	+1.428

Measures if Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel Dynamics Inc can pay off its short term debts. This shows if Steel Dynamics Inc 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 Steel Dynamics Inc is 1.91. This means that Steel Dynamics Inc can pay off $1.91 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 0.57.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

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 Steel Dynamics Inc: (2,122,097 + 721,210 +1,608,307) / 2,332,296 = 1.91

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 Steel Dynamics Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Steel Dynamics Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Steel Dynamics Inc to Steel industry mean.
A Debt to Asset Ratio of 0.41 means that Steel Dynamics Inc assets are financed with 41.0% credit (debt) and the remaining percentage (100% - 41.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Steel Dynamics Inc:

The MRQ is 0.410. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.409. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.410	TTM	0.409	+0.001
TTM	0.409	YOY	0.445	-0.035
TTM	0.409	5Y	0.476	-0.067
5Y	0.476	10Y	0.513	-0.036

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.410	0.448	-0.038
TTM	0.409	0.453	-0.044
YOY	0.445	0.475	-0.030
5Y	0.476	0.487	-0.011
10Y	0.513	0.510	+0.003

Measures how much % of Steel Dynamics Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Steel Dynamics Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Steel Dynamics Inc to Steel 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 Steel Dynamics Inc is 0.41. This means means that Steel Dynamics Inc is financed with 41.0% 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 Steel industry is 170.1%.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Steel Dynamics Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
6,143,266 \ 14,982,793 = 41.0% or 0.41.

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 Steel Dynamics Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Steel Dynamics Inc to the Steel industry mean.
A Debt to Equity ratio of 69.3% means that company has $0.69 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Steel Dynamics Inc:

The MRQ is 0.693. The company is very able to pay all its debts with equity. +2
The TTM is 0.690. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.693	TTM	0.690	+0.003
TTM	0.690	YOY	0.799	-0.109
TTM	0.690	5Y	0.921	-0.231
5Y	0.921	10Y	1.073	-0.152

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.693	0.812	-0.119
TTM	0.690	0.815	-0.125
YOY	0.799	0.928	-0.129
5Y	0.921	0.996	-0.075
10Y	1.073	1.196	-0.123

Measures if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc is 0.69. This means that Steel Dynamics Inc can pay off $0.69 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 0.81.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
6,143,266 \ 8,866,666 = 0.69 or 69.3%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Steel Dynamics Inc

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 Steel Dynamics Inc generates.

Above 15 is considered overpriced but always compare Steel Dynamics Inc to the Steel industry mean.
A PE ratio of 11.29 means the investor is paying $11.29 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Steel Dynamics Inc:

The EOD is 12.720. Based on the earnings, the company is underpriced. +1
The MRQ is 11.293. Based on the earnings, the company is underpriced. +1
The TTM is 8.080. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	12.720	MRQ	11.293	+1.428
MRQ	11.293	TTM	8.080	+3.213
TTM	8.080	YOY	4.127	+3.953
TTM	8.080	5Y	7.999	+0.080
5Y	7.999	10Y	12.859	-4.860

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
EOD	12.720	8.328	+4.392
MRQ	11.293	8.080	+3.213
TTM	8.080	7.341	+0.739
YOY	4.127	6.692	-2.565
5Y	7.999	8.641	-0.642
10Y	12.859	11.300	+1.559

Measures how much money you pay for each share for every $1 in earnings Steel Dynamics Inc 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 Steel Dynamics Inc to the Steel 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 Steel Dynamics Inc is 11.29. This means the investor is paying $11.29 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 8.08.
What is the trend?
The trend is important because it shows you how Steel Dynamics Inc is performing over time. The most recent quarter might be important if Steel Dynamics Inc 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 Steel Dynamics Inc 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 Steel Dynamics Inc

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 \ 162,276 = EPS
PE ratio MRQ = 11.29

* 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 Steel Dynamics Inc:

The EOD is 15.433. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 13.701. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 10.389. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	15.433	MRQ	13.701	+1.732
MRQ	13.701	TTM	10.389	+3.312
TTM	10.389	YOY	4.440	+5.949
TTM	10.389	5Y	-7.122	+17.511
5Y	-7.122	10Y	1.962	-9.084

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
EOD	15.433	3.710	+11.723
MRQ	13.701	3.400	+10.301
TTM	10.389	2.339	+8.050
YOY	4.440	1.490	+2.950
5Y	-7.122	1.327	-8.449
10Y	1.962	1.941	+0.021

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Steel industry mean).
A PB ratio of 2.17 means the investor is paying $2.17 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Steel Dynamics Inc:

The EOD is 2.442. Based on the equity, the company is underpriced. +1
The MRQ is 2.168. Based on the equity, the company is underpriced. +1
The TTM is 2.162. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.442	MRQ	2.168	+0.274
MRQ	2.168	TTM	2.162	+0.006
TTM	2.162	YOY	1.925	+0.237
TTM	2.162	5Y	1.902	+0.261
5Y	1.902	10Y	2.056	-0.155

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
EOD	2.442	0.975	+1.467
MRQ	2.168	0.909	+1.259
TTM	2.162	0.927	+1.235
YOY	1.925	1.034	+0.891
5Y	1.902	1.041	+0.861
10Y	2.056	1.126	+0.930

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Steel Dynamics Inc.

3.1. Institutions holding Steel Dynamics Inc

Institutions are holding 86.859% of the shares of Steel Dynamics Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	12.65	0.0516	19980395	-623023	-3.0239
2023-12-31	BlackRock Inc	9.0473	0.043	14289993	-1445277	-9.185
2023-12-31	State Street Corporation	4.8499	0.0442	7660282	-68661	-0.8884
2023-12-31	FMR Inc	4.2656	0.0611	6737416	227056	3.4876
2023-12-31	Dimensional Fund Advisors, Inc.	2.6942	0.1468	4255420	-298960	-6.5642
2023-12-31	Goldman Sachs Group Inc	2.4722	0.0414	3904758	2033165	108.6329
2023-12-31	Geode Capital Management, LLC	2.3222	0.0454	3667810	-6217	-0.1692
2023-12-31	Royal London Asset Management Ltd	2.3	1.2269	3632823	-112503	-3.0038
2023-12-31	T. Rowe Price Associates, Inc.	2.1857	0.0548	3452238	1138235	49.189
2023-12-31	Capital Research Global Investors	1.7562	0.0806	2773868	930	0.0335
2023-12-31	Morgan Stanley - Brokerage Accounts	1.5799	0.026	2495368	-117062	-4.481
2023-12-31	Amvescap Plc.	1.5434	0.0685	2437721	-728946	-23.0193
2023-12-31	Ameriprise Financial Inc	1.2732	0.07	2011045	-3911	-0.1941
2023-12-31	First Trust Advisors L.P.	1.2703	0.2586	2006453	-151102	-7.0034
2023-12-31	NORGES BANK	1.1891	0.0388	1878210	950219	102.3953
2023-12-31	Pacer Advisors, INC.	1.1855	0.6259	1872521	-446577	-19.2565
2023-12-31	Legal & General Group PLC	1.1454	0.0548	1809118	166661	10.1471
2023-12-31	Northern Trust Corp	1.1342	0.0383	1791392	-233586	-11.5352
2023-12-31	Thrivent Financial For Lutherans	1.097	0.4459	1732696	-16096	-0.9204
2023-12-31	LSV Asset Management	0.9276	0.3776	1465138	-38900	-2.5864
Total		56.8889	3.8002	89854665	+225445	+0.3%

3.2. Funds holding Steel Dynamics Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.0573	0.0417	4828857	-10622	-0.2195
2024-02-29	Vanguard Institutional 500 Index Trust	2.4041	0.0475	3797159	36289	0.9649
2023-12-31	Capital Group Growth Fnd of Amer Comp	1.7306	0.1296	2733506	0	0
2023-12-31	American Funds Growth Fund of Amer A	1.7306	0.1296	2733506	0	0
2024-02-29	Fidelity Contrafund	1.4943	0.2387	2360234	0	0
2024-03-28	Pacer US Cash Cows 100 ETF	1.2566	1.3029	1984837	3570	0.1802
2024-02-29	Vanguard Small Cap Index	1.2555	0.1888	1982994	20131	1.0256
2024-03-28	SPDR® S&P 500 ETF Trust	1.1702	0.051	1848316	10800	0.5877
2024-02-29	Fidelity 500 Index	1.155	0.0474	1824288	18356	1.0164
2024-02-29	Vanguard Mid Cap Index Institutional	1.0874	0.1435	1717579	-3582	-0.2081
2024-03-28	iShares Core S&P 500 ETF	0.9985	0.051	1577068	11648	0.7441
2024-03-31	First Trust Rising Dividend Achiev ETF	0.9229	2.0615	1457741	0	0
2024-02-29	Vanguard Small Cap Value Index Inv	0.8558	0.3402	1351705	7122	0.5297
2024-02-29	DFA US Large Cap Value I	0.7785	0.6784	1229654	-20791	-1.6627
2023-12-31	T. Rowe Price Real Assets Tr I-Z	0.6687	1.085	1056213	181867	20.8003
2024-02-29	Fidelity Contrafund Commingled Pl O	0.6464	0.2559	1020927	0	0
2023-12-31	BGF World Mining A2	0.6463	2.2773	1020819	130436	14.6494
2024-01-31	Thrivent Mid Cap Stock A	0.6401	3.1072	1011019	0	0
2024-02-29	Vanguard Institutional Index I	0.6347	0.0474	1002465	-3581	-0.3559
2023-12-31	Vanguard Equity-Income Inv	0.5835	0.2012	921573	0	0
Total		23.717	12.4258	37460460	+381643	+1.0%

3.3. Insider Transactions

Insiders are holding 6.768% of the shares of Steel Dynamics Inc.

Date	Owner	Type	Amount	Price
2023-12-19	James C Marcuccilli	SELL	25454	122.43
2023-11-07	Bradley S Seaman	SELL	4717	109.72
2023-08-15	Christopher A Graham	SELL	48000	105.03
2023-07-31	Gabriel Shaheen	SELL	1717	105.8

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Steel Dynamics Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.143	2.111	-46%	3.559	-68%	1.880	-39%	1.090	+5%
Book Value Per Share	-	-	54.472	51.818	+5%	41.510	+31%	31.551	+73%	22.187	+146%
Current Ratio	-	-	2.910	3.759	-23%	3.592	-19%	3.604	-19%	3.701	-21%
Debt To Asset Ratio	-	-	0.410	0.409	+0%	0.445	-8%	0.476	-14%	0.513	-20%
Debt To Equity Ratio	-	-	0.693	0.690	+0%	0.799	-13%	0.921	-25%	1.073	-35%
Dividend Per Share	-	-	0.428	0.406	+6%	0.322	+33%	0.292	+47%	0.217	+98%
Eps	-	-	2.614	3.648	-28%	5.200	-50%	2.835	-8%	1.677	+56%
Free Cash Flow Per Share	-	-	2.155	2.776	-22%	4.832	-55%	1.981	+9%	1.389	+55%
Free Cash Flow To Equity Per Share	-	-	-0.892	0.120	-845%	1.859	-148%	0.471	-289%	0.530	-268%
Gross Profit Margin	-	-	-0.066	0.734	-109%	1.000	-107%	0.947	-107%	0.973	-107%
Intrinsic Value_10Y_max	-	-	279.670	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	70.390	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	14.433	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.849	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	53.723	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	18.722	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	105.503	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	32.753	-	-	-	-	-	-	-	-
Market Cap	21039360714.240	+9%	19164795600.000	18717378472.500	+2%	14652797095.000	+31%	11694940703.500	+64%	9309594007.375	+106%
Net Profit Margin	-	-	0.100	0.129	-22%	0.172	-42%	0.118	-15%	0.082	+22%
Operating Margin	-	-	0.122	0.168	-27%	0.225	-46%	0.160	-23%	0.127	-4%
Operating Ratio	-	-	0.878	0.834	+5%	0.775	+13%	0.840	+4%	0.872	+1%
Pb Ratio	2.442	+11%	2.168	2.162	+0%	1.925	+13%	1.902	+14%	2.056	+5%
Pe Ratio	12.720	+11%	11.293	8.080	+40%	4.127	+174%	7.999	+41%	12.859	-12%
Price Per Share	133.030	+11%	118.100	111.828	+6%	79.558	+48%	61.995	+91%	45.375	+160%
Price To Free Cash Flow Ratio	15.433	+11%	13.701	10.389	+32%	4.440	+209%	-7.122	+152%	1.962	+598%
Price To Total Gains Ratio	84.685	+11%	75.180	48.803	+54%	22.043	+241%	37.042	+103%	64.962	+16%
Quick Ratio	-	-	1.909	2.480	-23%	2.106	-9%	2.125	-10%	2.062	-7%
Return On Assets	-	-	0.028	0.042	-32%	0.071	-60%	0.044	-36%	0.031	-8%
Return On Equity	-	-	0.048	0.071	-32%	0.128	-63%	0.084	-43%	0.060	-20%
Total Gains Per Share	-	-	1.571	2.517	-38%	3.881	-60%	2.172	-28%	1.307	+20%
Usd Book Value	-	-	8839527000.000	8667302500.000	+2%	7639518500.000	+16%	5993788650.000	+47%	4541866775.000	+95%
Usd Book Value Change Per Share	-	-	1.143	2.111	-46%	3.559	-68%	1.880	-39%	1.090	+5%
Usd Book Value Per Share	-	-	54.472	51.818	+5%	41.510	+31%	31.551	+73%	22.187	+146%
Usd Dividend Per Share	-	-	0.428	0.406	+6%	0.322	+33%	0.292	+47%	0.217	+98%
Usd Eps	-	-	2.614	3.648	-28%	5.200	-50%	2.835	-8%	1.677	+56%
Usd Free Cash Flow	-	-	349695000.000	465505750.000	-25%	887875250.000	-61%	367237150.000	-5%	279443000.000	+25%
Usd Free Cash Flow Per Share	-	-	2.155	2.776	-22%	4.832	-55%	1.981	+9%	1.389	+55%
Usd Free Cash Flow To Equity Per Share	-	-	-0.892	0.120	-845%	1.859	-148%	0.471	-289%	0.530	-268%
Usd Market Cap	21039360714.240	+9%	19164795600.000	18717378472.500	+2%	14652797095.000	+31%	11694940703.500	+64%	9309594007.375	+106%
Usd Price Per Share	133.030	+11%	118.100	111.828	+6%	79.558	+48%	61.995	+91%	45.375	+160%
Usd Profit	-	-	424270000.000	612720500.000	-31%	965668500.000	-56%	537477350.000	-21%	330737375.000	+28%
Usd Revenue	-	-	4233423000.000	4698829000.000	-10%	5565193500.000	-24%	3977585400.000	+6%	3125995400.000	+35%
Usd Total Gains Per Share	-	-	1.571	2.517	-38%	3.881	-60%	2.172	-28%	1.307	+20%
	EOD	+4 -4	MRQ	TTM	+9 -27	YOY	+11 -25	5Y	+14 -22	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of Steel Dynamics Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	12.720
Price to Book Ratio (EOD)	Between	0-1	2.442
Net Profit Margin (MRQ)	Greater than	0	0.100
Operating Margin (MRQ)	Greater than	0	0.122
Quick Ratio (MRQ)	Greater than	1	1.909
Current Ratio (MRQ)	Greater than	1	2.910
Debt to Asset Ratio (MRQ)	Less than	1	0.410
Debt to Equity Ratio (MRQ)	Less than	1	0.693
Return on Equity (MRQ)	Greater than	0.15	0.048
Return on Assets (MRQ)	Greater than	0.05	0.028
Total			7/10 (70.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Steel Dynamics Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	37.729
Ma 20	Greater than	Ma 50	141.912
Ma 50	Greater than	Ma 100	136.624
Ma 100	Greater than	Ma 200	127.299
Open	Greater than	Close	129.160
Total			3/5 (60.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	14,982,793
Total Liabilities	6,143,266
Total Stockholder Equity	8,866,666

	As reported
Total Liabilities	6,143,266
Total Stockholder Equity	+ 8,866,666
Total Assets	= 14,982,793

Assets

Total Assets	14,982,793
Total Current Assets	6,787,826
Long-term Assets	8,194,967

Total Current Assets

Total Current Assets (as reported)	6,787,826
Cash And Cash Equivalents	1,400,887
Short-term Investments	721,210
Net Receivables	1,608,307
Inventory	2,894,632
Other Current Assets	162,790
Total Current Assets (calculated)	6,787,826
+/-	0

Long-term Assets

Long-term Assets (as reported)	8,194,967
Property Plant Equipment	6,861,717
Goodwill	477,471
Intangible Assets	257,759
Long-term Assets Other	518,047
Long-term Assets (calculated)	8,114,994
+/-	79,973

Liabilities & Shareholders' Equity

Total Current Liabilities	2,332,296
Long-term Liabilities	3,810,970
Total Stockholder Equity	8,866,666

Total Current Liabilities

Total Current Liabilities (as reported)	2,332,296
Short-term Debt	480,990
Short Long Term Debt	459,987
Accounts payable	1,088,330
Other Current Liabilities	757,452
Total Current Liabilities (calculated)	2,786,759
+/-	454,463

Long-term Liabilities

Long-term Liabilities (as reported)	3,810,970
Long term Debt	2,611,069
Long-term Liabilities Other	180,760
Long-term Liabilities (calculated)	2,791,829
+/-	1,019,141

Total Stockholder Equity

Total Stockholder Equity (as reported)	8,866,666
Common Stock	651
Retained Earnings	13,545,590
Accumulated Other Comprehensive Income	421
Other Stockholders Equity	-4,679,996
Total Stockholder Equity (calculated)	8,866,666
+/-	0

Other

Capital Stock	651
Cash and Short Term Investments	2,122,097
Common Stock Shares Outstanding	162,276
Current Deferred Revenue	5,524
Liabilities and Stockholders Equity	14,982,793
Net Debt	1,798,319
Net Invested Capital	11,937,722
Net Working Capital	4,455,530
Property Plant and Equipment Gross	10,932,914
Short Long Term Debt Total	3,199,206

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

0
0
0
320,700
0
0
0
522,300
542,800
552,600
598,500
640,900
701,700
787,200
856,100
907,500
946,000
954,500
986,800
991,600
1,036,156
1,062,478
1,075,663
1,067,074
1,065,032
1,092,807
1,088,473
1,180,098
1,155,574
1,199,908
1,232,015
1,275,696
1,295,965
1,311,130
1,340,316
1,448,439
1,534,786
1,603,954
1,765,013
1,733,619
1,736,447
1,735,961
1,698,108
1,757,687
1,881,619
2,164,473
2,208,803
2,247,017
2,341,392
2,575,886
3,095,301
4,519,453
4,821,612
6,043,589
6,054,879
5,253,577
4,926,079
4,881,812
5,108,964
5,129,872
5,582,122
5,545,805
5,610,459
5,589,934
5,827,605
5,900,453
6,003,481
5,979,226
6,043,627
5,971,380
5,775,516
5,815,416
5,956,574
5,735,910
5,874,305
5,933,006
5,913,857
5,985,202
7,578,283
7,311,027
6,735,838
6,826,763
6,842,541
6,202,082
6,391,642
6,629,676
6,787,562
6,423,732
6,704,035
6,670,130
6,960,737
6,855,732
6,972,813
7,504,521
7,798,368
7,703,563
7,857,233
7,857,914
7,943,247
8,275,765
8,344,923
8,468,341
8,617,556
9,265,562
10,127,896
10,687,331
11,535,985
12,531,234
13,056,637
13,711,214
14,047,698
14,159,984
14,219,760
14,551,397
14,928,956
14,982,793

14,982,793

14,928,956

14,551,397

14,219,760

14,159,984

14,047,698

13,711,214

13,056,637

12,531,234

11,535,985

10,687,331

10,127,896

9,265,562

8,617,556

8,468,341

8,344,923

8,275,765

7,943,247

7,857,914

7,857,233

7,703,563

7,798,368

7,504,521

6,972,813

6,855,732

6,960,737

6,670,130

6,704,035

6,423,732

6,787,562

6,629,676

6,391,642

6,202,082

6,842,541

6,826,763

6,735,838

7,311,027

7,578,283

5,985,202

5,913,857

5,933,006

5,874,305

5,735,910

5,956,574

5,815,416

5,775,516

5,971,380

6,043,627

5,979,226

6,003,481

5,900,453

5,827,605

5,589,934

5,610,459

5,545,805

5,582,122

5,129,872

5,108,964

4,881,812

4,926,079

5,253,577

6,054,879

6,043,589

4,821,612

4,519,453

3,095,301

2,575,886

2,341,392

2,247,017

2,208,803

2,164,473

1,881,619

1,757,687

1,698,108

1,735,961

1,736,447

1,733,619

1,765,013

1,603,954

1,534,786

1,448,439

1,340,316

1,311,130

1,295,965

1,275,696

1,232,015

1,199,908

1,155,574

1,180,098

1,088,473

1,092,807

1,065,032

1,067,074

1,075,663

1,062,478

1,036,156

991,600

986,800

954,500

946,000

907,500

856,100

787,200

701,700

640,900

598,500

552,600

542,800

522,300

320,700

> Total Current Assets

0
0
0
22,200
0
0
0
157,400
137,000
117,300
130,600
135,300
139,900
173,800
204,000
222,700
220,300
213,000
233,300
225,800
251,792
266,925
261,577
242,613
241,724
267,247
248,539
312,204
256,965
278,901
261,664
310,903
305,810
313,642
330,941
407,935
487,942
548,433
717,482
677,519
682,301
684,278
660,724
725,733
858,355
976,121
1,014,739
1,036,197
1,100,732
1,226,553
1,290,146
1,696,229
1,927,542
2,627,538
2,575,775
1,709,915
1,366,811
1,301,531
1,468,776
1,456,803
1,934,753
1,910,116
2,010,022
2,000,003
2,277,120
2,373,859
2,496,227
2,455,258
2,526,857
2,458,344
2,262,224
2,296,225
2,448,941
2,242,089
2,385,315
2,473,634
2,528,354
2,630,186
2,930,136
2,973,765
2,452,225
2,591,392
2,651,795
2,537,941
2,774,233
3,050,457
3,136,644
2,929,675
3,244,965
3,251,657
3,572,145
3,508,342
3,652,242
3,817,664
4,131,477
4,032,657
4,028,890
4,023,601
4,020,320
4,253,025
4,142,968
4,016,120
3,854,895
4,258,447
4,896,906
5,265,109
5,987,572
6,901,023
7,149,635
7,756,010
7,813,444
7,638,018
7,562,560
7,396,055
7,228,599
6,787,826

6,787,826

7,228,599

7,396,055

7,562,560

7,638,018

7,813,444

7,756,010

7,149,635

6,901,023

5,987,572

5,265,109

4,896,906

4,258,447

3,854,895

4,016,120

4,142,968

4,253,025

4,020,320

4,023,601

4,028,890

4,032,657

4,131,477

3,817,664

3,652,242

3,508,342

3,572,145

3,251,657

3,244,965

2,929,675

3,136,644

3,050,457

2,774,233

2,537,941

2,651,795

2,591,392

2,452,225

2,973,765

2,930,136

2,630,186

2,528,354

2,473,634

2,385,315

2,242,089

2,448,941

2,296,225

2,262,224

2,458,344

2,526,857

2,455,258

2,496,227

2,373,859

2,277,120

2,000,003

2,010,022

1,910,116

1,934,753

1,456,803

1,468,776

1,301,531

1,366,811

1,709,915

2,575,775

2,627,538

1,927,542

1,696,229

1,290,146

1,226,553

1,100,732

1,036,197

1,014,739

976,121

858,355

725,733

660,724

684,278

682,301

677,519

717,482

548,433

487,942

407,935

330,941

313,642

305,810

310,903

261,664

278,901

256,965

312,204

248,539

267,247

241,724

242,613

261,577

266,925

251,792

225,800

233,300

213,000

220,300

222,700

204,000

173,800

139,900

135,300

130,600

117,300

137,000

157,400

22,200

Cash And Cash Equivalents

0
0
0
6,900
0
0
0
57,500
48,200
22,300
15,100
8,600
5,100
10,200
4,000
5,200
10,900
2,500
7,100
16,600
16,160
9,677
4,617
10,184
5,520
18,170
14,803
78,241
32,319
48,747
24,173
24,218
3,241
11,928
21,584
65,430
58,294
38,441
159,674
16,334
3,747
1,645
30,604
65,518
195,705
53,948
20,843
29,373
28,332
12,212
10,811
28,486
58,889
115,405
22,135
16,233
16,067
18,217
8,094
9,008
225,506
191,593
270,118
186,513
160,810
277,691
456,694
390,761
357,809
420,938
287,120
375,917
477,861
243,753
370,056
395,156
342,919
357,490
159,591
361,363
160,982
419,401
473,790
727,032
976,951
1,052,666
1,051,489
841,483
966,826
908,843
1,101,964
1,028,649
985,824
720,445
884,315
828,220
791,444
972,561
1,146,007
1,381,460
1,235,478
1,496,458
1,267,618
1,368,618
1,245,165
1,113,744
1,095,701
1,243,868
1,189,528
1,007,085
1,420,497
1,628,417
1,604,943
1,475,356
1,765,467
1,400,887

1,400,887

1,765,467

1,475,356

1,604,943

1,628,417

1,420,497

1,007,085

1,189,528

1,243,868

1,095,701

1,113,744

1,245,165

1,368,618

1,267,618

1,496,458

1,235,478

1,381,460

1,146,007

972,561

791,444

828,220

884,315

720,445

985,824

1,028,649

1,101,964

908,843

966,826

841,483

1,051,489

1,052,666

976,951

727,032

473,790

419,401

160,982

361,363

159,591

357,490

342,919

395,156

370,056

243,753

477,861

375,917

287,120

420,938

357,809

390,761

456,694

277,691

160,810

186,513

270,118

191,593

225,506

9,008

8,094

18,217

16,067

16,233

22,135

115,405

58,889

28,486

10,811

12,212

28,332

29,373

20,843

53,948

195,705

65,518

30,604

1,645

3,747

16,334

159,674

38,441

58,294

65,430

21,584

11,928

3,241

24,218

24,173

48,747

32,319

78,241

14,803

18,170

5,520

10,184

4,617

9,677

16,160

16,600

7,100

2,500

10,900

5,200

4,000

10,200

5,100

8,600

15,100

22,300

48,200

57,500

6,900

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
84,830
64,982
9,998
0
31,520
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
40,000
90,000
115,000
228,783
173,723
114,154
69,529
262,174
219,193
69,546
0
0
0
0
0
0
351
351,005
583,211
628,215
714,769
611,701
500,844
721,210

721,210

500,844

611,701

714,769

628,215

583,211

351,005

351

69,546

219,193

262,174

69,529

114,154

173,723

228,783

115,000

90,000

40,000

31,520

9,998

64,982

84,830

Net Receivables

0
0
0
100
0
0
0
32,500
41,300
37,000
42,100
44,700
45,800
46,500
66,900
65,900
65,800
75,400
83,400
86,600
103,929
115,458
109,359
102,986
105,512
104,197
97,491
81,879
86,328
89,622
92,653
118,479
121,945
112,239
117,118
126,023
164,596
199,154
247,752
253,861
267,793
239,367
218,625
241,708
260,895
354,291
403,199
408,376
421,978
442,124
491,457
714,123
899,916
1,234,610
1,122,648
589,253
455,314
490,648
573,152
563,616
774,682
664,127
685,358
659,500
890,222
864,696
840,387
739,513
792,007
732,522
713,689
643,256
753,713
773,127
772,873
720,600
811,100
910,796
1,058,668
902,825
769,741
816,522
799,025
613,605
689,201
794,003
779,459
729,784
883,147
886,894
923,017
868,837
987,655
1,180,183
1,228,190
1,043,756
1,143,395
1,072,879
986,946
844,336
998,408
844,056
918,842
971,918
1,366,463
1,571,024
1,892,795
1,916,434
2,363,668
2,660,715
2,333,994
2,056,051
2,126,974
2,142,964
1,882,049
1,608,307

1,608,307

1,882,049

2,142,964

2,126,974

2,056,051

2,333,994

2,660,715

2,363,668

1,916,434

1,892,795

1,571,024

1,366,463

971,918

918,842

844,056

998,408

844,336

986,946

1,072,879

1,143,395

1,043,756

1,228,190

1,180,183

987,655

868,837

923,017

886,894

883,147

729,784

779,459

794,003

689,201

613,605

799,025

816,522

769,741

902,825

1,058,668

910,796

811,100

720,600

772,873

773,127

753,713

643,256

713,689

732,522

792,007

739,513

840,387

864,696

890,222

659,500

685,358

664,127

774,682

563,616

573,152

490,648

455,314

589,253

1,122,648

1,234,610

899,916

714,123

491,457

442,124

421,978

408,376

403,199

354,291

260,895

241,708

218,625

239,367

267,793

253,861

247,752

199,154

164,596

126,023

117,118

112,239

121,945

118,479

92,653

89,622

86,328

81,879

97,491

104,197

105,512

102,986

109,359

115,458

103,929

86,600

83,400

75,400

65,800

65,900

66,900

46,500

45,800

44,700

42,100

37,000

41,300

32,500

100

Other Current Assets

0
0
0
1,600
0
0
0
1,500
1,000
1,200
19,600
21,800
23,200
24,300
16,800
24,900
24,500
19,900
28,000
15,900
12,780
10,058
20,578
22,698
4,930
19,352
9,322
9,116
3,996
3,904
3,283
8,322
5,859
8,372
11,433
8,769
15,839
18,105
15,383
18,980
7,726
13,439
22,780
13,307
13,300
21,853
14,705
15,167
10,593
31,493
27,264
38,795
62,522
67,566
61,977
57,632
35,725
22,017
14,820
9,856
12,091
14,844
21,451
19,243
18,913
15,164
18,646
15,229
15,029
15,816
24,107
19,576
23,644
33,028
25,126
25,167
24,363
23,216
29,263
55,655
34,846
32,004
28,744
47,914
41,258
28,072
30,121
83,197
33,442
37,188
59,648
91,509
38,705
39,927
50,110
72,730
52,628
61,248
50,818
76,012
45,351
39,043
59,219
74,363
67,744
98,509
104,106
209,591
79,624
90,144
99,210
195,371
127,022
122,025
138,605
162,790

162,790

138,605

122,025

127,022

195,371

99,210

90,144

79,624

209,591

104,106

98,509

67,744

74,363

59,219

39,043

45,351

76,012

50,818

61,248

52,628

72,730

50,110

39,927

38,705

91,509

59,648

37,188

33,442

83,197

30,121

28,072

41,258

47,914

28,744

32,004

34,846

55,655

29,263

23,216

24,363

25,167

25,126

33,028

23,644

19,576

24,107

15,816

15,029

15,229

18,646

15,164

18,913

19,243

21,451

14,844

12,091

9,856

14,820

22,017

35,725

57,632

61,977

67,566

62,522

38,795

27,264

31,493

10,593

15,167

14,705

21,853

13,300

13,307

22,780

13,439

7,726

18,980

15,383

18,105

15,839

8,769

11,433

8,372

5,859

8,322

3,283

3,904

3,996

9,116

9,322

19,352

4,930

22,698

20,578

10,058

12,780

15,900

28,000

19,900

24,500

24,900

16,800

24,300

23,200

21,800

19,600

1,200

1,000

1,500

1,600

> Long-term Assets

0
0
0
298,500
0
0
0
364,900
405,800
435,300
467,900
505,600
561,800
613,400
652,100
684,800
725,700
741,500
753,500
765,800
784,364
795,553
814,086
824,461
823,308
825,560
839,934
867,894
898,609
921,007
970,351
964,793
990,155
997,488
1,009,375
1,040,504
1,046,844
1,055,521
1,047,531
1,056,100
1,054,146
1,051,683
1,037,384
1,031,954
1,023,264
1,188,352
1,194,064
1,210,820
1,240,660
1,349,333
1,805,155
2,823,224
2,894,070
3,416,051
3,479,104
3,543,662
3,559,268
3,580,281
3,640,188
3,673,069
3,647,369
3,635,689
3,600,437
3,589,931
3,550,485
3,526,594
3,507,254
3,523,968
3,516,770
3,513,036
3,513,292
3,519,191
3,507,633
3,493,821
3,488,990
3,459,372
3,385,503
3,355,016
4,648,147
4,337,262
4,283,613
4,235,371
4,190,746
3,664,141
3,617,409
3,579,219
3,650,918
3,494,057
3,459,070
3,418,473
3,388,592
3,347,390
3,320,571
3,686,857
3,666,891
3,670,906
3,828,343
3,834,313
3,922,927
4,022,740
4,201,955
4,452,221
4,762,661
5,007,115
5,230,990
5,422,222
5,548,413
5,630,211
5,907,002
5,955,204
6,234,254
6,521,966
6,657,200
7,155,342
7,700,357
8,194,967

8,194,967

7,700,357

7,155,342

6,657,200

6,521,966

6,234,254

5,955,204

5,907,002

5,630,211

5,548,413

5,422,222

5,230,990

5,007,115

4,762,661

4,452,221

4,201,955

4,022,740

3,922,927

3,834,313

3,828,343

3,670,906

3,666,891

3,686,857

3,320,571

3,347,390

3,388,592

3,418,473

3,459,070

3,494,057

3,650,918

3,579,219

3,617,409

3,664,141

4,190,746

4,235,371

4,283,613

4,337,262

4,648,147

3,355,016

3,385,503

3,459,372

3,488,990

3,493,821

3,507,633

3,519,191

3,513,292

3,513,036

3,516,770

3,523,968

3,507,254

3,526,594

3,550,485

3,589,931

3,600,437

3,635,689

3,647,369

3,673,069

3,640,188

3,580,281

3,559,268

3,543,662

3,479,104

3,416,051

2,894,070

2,823,224

1,805,155

1,349,333

1,240,660

1,210,820

1,194,064

1,188,352

1,023,264

1,031,954

1,037,384

1,051,683

1,054,146

1,056,100

1,047,531

1,055,521

1,046,844

1,040,504

1,009,375

997,488

990,155

964,793

970,351

921,007

898,609

867,894

839,934

825,560

823,308

824,461

814,086

795,553

784,364

765,800

753,500

741,500

725,700

684,800

652,100

613,400

561,800

505,600

467,900

435,300

405,800

364,900

298,500

Property Plant Equipment

0
0
0
274,200
0
0
0
339,300
380,400
410,300
454,400
491,900
531,900
582,500
620,800
655,900
695,700
713,900
727,100
742,800
760,269
774,638
794,888
807,322
806,336
808,749
824,497
852,061
872,538
884,554
935,708
929,338
951,368
959,239
971,536
1,001,116
1,007,068
1,018,005
1,014,698
1,024,044
1,022,198
1,018,112
1,004,551
999,969
990,506
1,113,709
1,118,533
1,136,703
1,161,914
1,249,178
1,358,204
1,652,097
1,720,276
1,916,403
1,997,495
2,072,857
2,108,657
2,144,360
2,214,998
2,254,050
2,240,375
2,237,927
2,214,105
2,213,333
2,187,698
2,176,314
2,168,444
2,193,745
2,199,509
2,208,660
2,213,703
2,231,198
2,232,413
2,232,852
2,241,067
2,226,134
2,197,503
2,177,007
3,420,654
3,123,906
3,085,587
3,047,401
3,013,659
2,951,210
2,914,186
2,885,844
2,928,226
2,787,215
2,760,544
2,729,721
2,708,777
2,675,904
2,657,937
2,909,033
2,901,658
2,945,767
2,936,893
2,947,243
3,031,731
3,135,886
3,327,605
3,587,450
3,862,375
4,105,569
4,340,411
4,526,892
4,654,192
4,751,430
4,827,962
4,886,555
5,146,606
5,373,665
5,491,201
5,783,622
6,313,366
6,861,717

6,861,717

6,313,366

5,783,622

5,491,201

5,373,665

5,146,606

4,886,555

4,827,962

4,751,430

4,654,192

4,526,892

4,340,411

4,105,569

3,862,375

3,587,450

3,327,605

3,135,886

3,031,731

2,947,243

2,936,893

2,945,767

2,901,658

2,909,033

2,657,937

2,675,904

2,708,777

2,729,721

2,760,544

2,787,215

2,928,226

2,885,844

2,914,186

2,951,210

3,013,659

3,047,401

3,085,587

3,123,906

3,420,654

2,177,007

2,197,503

2,226,134

2,241,067

2,232,852

2,232,413

2,231,198

2,213,703

2,208,660

2,199,509

2,193,745

2,168,444

2,176,314

2,187,698

2,213,333

2,214,105

2,237,927

2,240,375

2,254,050

2,214,998

2,144,360

2,108,657

2,072,857

1,997,495

1,916,403

1,720,276

1,652,097

1,358,204

1,249,178

1,161,914

1,136,703

1,118,533

1,113,709

990,506

999,969

1,004,551

1,018,112

1,022,198

1,024,044

1,014,698

1,018,005

1,007,068

1,001,116

971,536

959,239

951,368

929,338

935,708

884,554

872,538

852,061

824,497

808,749

806,336

807,322

794,888

774,638

760,269

742,800

727,100

713,900

695,700

655,900

620,800

582,500

531,900

491,900

454,400

410,300

380,400

339,300

274,200

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
30,720
30,966
30,966
30,966
48,490
200,637
510,983
518,759
789,580
781,555
770,438
812,161
780,321
759,983
758,259
756,624
753,355
753,355
751,675
750,029
748,383
746,737
745,066
743,441
741,817
740,192
738,542
736,912
735,281
733,650
731,996
730,360
728,751
727,128
745,158
743,528
741,898
740,243
397,470
395,872
394,275
399,867
393,351
391,740
390,129
388,518
386,893
386,045
508,275
502,900
429,645
530,716
526,462
540,913
452,915
452,068
451,220
474,520
457,226
456,378
455,530
454,683
453,835
453,088
452,341
451,594
502,067
502,067
477,471
477,471
477,471

477,471

502,067

451,594

452,341

453,088

453,835

454,683

455,530

456,378

457,226

474,520

451,220

452,068

452,915

540,913

526,462

530,716

429,645

502,900

508,275

386,045

386,893

388,518

390,129

391,740

393,351

399,867

394,275

395,872

397,470

740,243

741,898

743,528

745,158

727,128

728,751

730,360

731,996

733,650

735,281

736,912

738,542

740,192

741,817

743,441

745,066

746,737

748,383

750,029

751,675

753,355

756,624

758,259

759,983

780,321

812,161

770,438

781,555

789,580

518,759

510,983

200,637

48,490

30,966

30,720

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

18,400

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,335
12,478
12,226
11,973
14,110
198,678
514,547
488,436
636,649
625,537
614,786
551,489
557,194
545,327
533,510
522,245
511,002
500,021
489,240
479,480
469,719
460,206
450,893
442,277
433,559
425,034
416,635
408,832
401,104
393,531
386,159
379,488
372,819
406,318
370,669
364,620
358,402
353,561
278,960
272,528
265,476
291,814
283,977
276,553
269,129
263,357
256,909
249,983
243,154
236,563
270,328
263,315
256,302
249,598
327,901
320,711
313,520
306,574
324,577
317,139
309,700
302,522
295,345
288,183
281,022
276,586
267,507
260,629
274,005
265,845
257,759

257,759

265,845

274,005

260,629

267,507

276,586

281,022

288,183

295,345

302,522

309,700

317,139

324,577

306,574

313,520

320,711

327,901

249,598

256,302

263,315

270,328

236,563

243,154

249,983

256,909

263,357

269,129

276,553

283,977

291,814

265,476

272,528

278,960

353,561

358,402

364,620

370,669

406,318

372,819

379,488

386,159

393,531

401,104

408,832

416,635

425,034

433,559

442,277

450,893

460,206

469,719

479,480

489,240

500,021

511,002

522,245

533,510

545,327

557,194

551,489

614,786

625,537

636,649

488,436

514,547

198,678

14,110

11,973

12,226

12,478

12,335

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,095
20,915
19,198
17,139
16,972
16,811
15,437
15,833
26,071
36,453
34,643
35,455
38,787
38,249
37,839
39,388
39,776
37,516
32,833
32,056
31,948
33,571
32,833
31,985
32,758
74,643
75,531
74,117
78,746
100,155
446,951
1,171,127
1,173,794
1,499,648
1,481,609
1,470,805
1,450,611
1,435,921
1,425,190
1,419,019
1,406,994
1,397,762
1,386,332
1,376,598
1,362,787
1,350,280
1,338,810
1,330,223
1,317,261
1,304,376
1,299,589
1,287,993
1,275,220
1,260,969
1,247,923
1,233,238
1,188,000
1,178,009
1,227,493
1,213,356
1,198,026
1,187,970
1,177,087
712,931
703,223
693,375
722,692
706,842
698,526
688,752
679,815
671,486
662,634
26,395
25,770
25,166
25,200
26,438
25,842
30,862
101,571
100,031
119,192
119,743
117,062
130,100
137,016
129,601
337,769
335,286
359,468
268,089
403,303
620,244
643,675
0

643,675

620,244

403,303

268,089

359,468

335,286

337,769

129,601

137,016

130,100

117,062

119,743

119,192

100,031

101,571

30,862

25,842

26,438

25,200

25,166

25,770

26,395

662,634

671,486

679,815

688,752

698,526

706,842

722,692

693,375

703,223

712,931

1,177,087

1,187,970

1,198,026

1,213,356

1,227,493

1,178,009

1,188,000

1,233,238

1,247,923

1,260,969

1,275,220

1,287,993

1,299,589

1,304,376

1,317,261

1,330,223

1,338,810

1,350,280

1,362,787

1,376,598

1,386,332

1,397,762

1,406,994

1,419,019

1,425,190

1,435,921

1,450,611

1,470,805

1,481,609

1,499,648

1,173,794

1,171,127

446,951

100,155

78,746

74,117

75,531

74,643

32,758

31,985

32,833

33,571

31,948

32,056

32,833

37,516

39,776

39,388

37,839

38,249

38,787

35,455

34,643

36,453

26,071

15,833

15,437

16,811

16,972

17,139

19,198

20,915

24,095

> Total Liabilities

0
0
0
257,700
0
0
0
257,700
263,500
257,600
268,400
303,300
357,500
449,000
512,300
556,400
591,900
588,200
609,600
598,400
624,729
646,202
659,369
644,201
640,992
665,047
660,734
756,754
706,624
731,340
735,110
749,404
756,337
764,682
780,694
860,593
903,534
899,479
945,635
884,028
894,977
952,998
879,508
876,701
908,740
937,790
1,034,416
1,014,485
1,115,243
1,390,862
2,014,366
2,979,219
3,194,042
4,043,733
4,306,546
3,621,264
3,387,135
2,957,329
3,120,881
3,126,607
3,524,227
3,448,206
3,506,783
3,458,805
3,599,911
3,588,965
3,656,451
3,608,632
3,637,142
3,539,820
3,342,688
3,338,760
3,450,570
3,220,439
3,316,517
3,320,637
3,279,527
3,025,992
4,540,294
4,389,160
3,812,745
3,902,063
3,886,756
3,530,631
3,684,135
3,805,070
3,835,860
3,535,033
3,709,328
3,630,649
3,899,716
3,549,424
3,549,436
3,804,762
3,812,291
3,816,334
3,867,775
3,809,633
3,898,892
4,210,910
4,238,984
4,328,419
4,418,757
4,917,336
5,392,699
5,656,979
5,913,051
6,211,063
6,078,463
6,162,324
6,112,493
6,064,179
5,913,337
5,886,428
6,070,665
6,143,266

6,143,266

6,070,665

5,886,428

5,913,337

6,064,179

6,112,493

6,162,324

6,078,463

6,211,063

5,913,051

5,656,979

5,392,699

4,917,336

4,418,757

4,328,419

4,238,984

4,210,910

3,898,892

3,809,633

3,867,775

3,816,334

3,812,291

3,804,762

3,549,436

3,549,424

3,899,716

3,630,649

3,709,328

3,535,033

3,835,860

3,805,070

3,684,135

3,530,631

3,886,756

3,902,063

3,812,745

4,389,160

4,540,294

3,025,992

3,279,527

3,320,637

3,316,517

3,220,439

3,450,570

3,338,760

3,342,688

3,539,820

3,637,142

3,608,632

3,656,451

3,588,965

3,599,911

3,458,805

3,506,783

3,448,206

3,524,227

3,126,607

3,120,881

2,957,329

3,387,135

3,621,264

4,306,546

4,043,733

3,194,042

2,979,219

2,014,366

1,390,862

1,115,243

1,014,485

1,034,416

937,790

908,740

876,701

879,508

952,998

894,977

884,028

945,635

899,479

903,534

860,593

780,694

764,682

756,337

749,404

735,110

731,340

706,624

756,754

660,734

665,047

640,992

644,201

659,369

646,202

624,729

598,400

609,600

588,200

591,900

556,400

512,300

449,000

357,500

303,300

268,400

257,600

263,500

257,700

> Total Current Liabilities

0
0
0
36,700
0
0
0
61,600
83,600
56,700
56,700
76,500
71,200
74,700
81,400
60,600
74,100
67,700
64,700
70,600
94,985
80,375
77,701
76,698
77,426
89,277
170,452
118,111
89,409
96,837
132,611
113,550
119,254
123,431
132,502
153,304
198,379
198,545
228,136
233,208
211,855
163,398
184,802
207,177
244,228
273,246
372,889
399,490
501,429
580,402
672,778
904,526
1,009,980
1,395,509
1,674,710
970,981
729,650
488,389
638,887
595,561
640,011
554,298
595,452
561,317
689,644
670,846
717,467
1,100,417
1,121,868
1,019,449
605,399
609,677
814,687
869,849
954,202
975,178
951,431
713,223
1,041,540
850,582
618,334
698,588
677,858
535,290
673,046
779,224
794,113
712,815
881,447
795,892
1,066,529
868,519
860,740
1,058,586
1,049,665
1,019,137
1,003,090
925,736
1,005,275
1,006,698
1,031,720
1,115,426
1,175,628
1,258,787
1,661,189
1,852,245
2,054,289
2,227,369
2,090,646
2,201,872
2,131,396
2,032,296
1,820,546
1,759,035
1,918,377
2,332,296

2,332,296

1,918,377

1,759,035

1,820,546

2,032,296

2,131,396

2,201,872

2,090,646

2,227,369

2,054,289

1,852,245

1,661,189

1,258,787

1,175,628

1,115,426

1,031,720

1,006,698

1,005,275

925,736

1,003,090

1,019,137

1,049,665

1,058,586

860,740

868,519

1,066,529

795,892

881,447

712,815

794,113

779,224

673,046

535,290

677,858

698,588

618,334

850,582

1,041,540

713,223

951,431

975,178

954,202

869,849

814,687

609,677

605,399

1,019,449

1,121,868

1,100,417

717,467

670,846

689,644

561,317

595,452

554,298

640,011

595,561

638,887

488,389

729,650

970,981

1,674,710

1,395,509

1,009,980

904,526

672,778

580,402

501,429

399,490

372,889

273,246

244,228

207,177

184,802

163,398

211,855

233,208

228,136

198,545

198,379

153,304

132,502

123,431

119,254

113,550

132,611

96,837

89,409

118,111

170,452

89,277

77,426

76,698

77,701

80,375

94,985

70,600

64,700

67,700

74,100

60,600

81,400

74,700

71,200

76,500

56,700

83,600

61,600

36,700

Short-term Debt

0
0
0
2,100
0
0
0
11,200
29,000
5,900
6,100
6,100
6,300
6,400
6,800
6,900
7,000
7,700
6,500
8,000
9,596
15,501
19,010
17,044
7,679
15,295
93,726
46,033
8,870
5,888
27,576
11,913
12,936
13,837
14,889
15,988
16,077
5,000
2,277
6,774
8,846
8,572
7,621
2,156
1,072
649
30,772
80,686
95,693
215,699
152,683
295,162
212,477
266,808
640,203
431,223
296,450
115,049
86,145
168,182
6,333
6,341
8,438
8,924
1,216
1,552
1,210
444,078
439,633
439,912
30,114
29,631
231,582
324,241
335,341
341,544
343,722
61,761
131,858
46,460
30,727
35,075
31,584
16,680
22,770
18,047
16,155
3,632
2,965
19,971
182,661
28,795
9,646
18,266
14,776
24,234
80,958
72,131
82,150
89,356
70,106
73,926
82,229
86,894
81,226
93,505
55,056
97,174
68,390
37,130
22,951
57,334
46,452
56,869
86,061
480,990

480,990

86,061

56,869

46,452

57,334

22,951

37,130

68,390

97,174

55,056

93,505

81,226

86,894

82,229

73,926

70,106

89,356

82,150

72,131

80,958

24,234

14,776

18,266

9,646

28,795

182,661

19,971

2,965

3,632

16,155

18,047

22,770

16,680

31,584

35,075

30,727

46,460

131,858

61,761

343,722

341,544

335,341

324,241

231,582

29,631

30,114

439,912

439,633

444,078

1,210

1,552

1,216

8,924

8,438

6,341

6,333

168,182

86,145

115,049

296,450

431,223

640,203

266,808

212,477

295,162

152,683

215,699

95,693

80,686

30,772

649

1,072

2,156

7,621

8,572

8,846

6,774

2,277

5,000

16,077

15,988

14,889

13,837

12,936

11,913

27,576

5,888

8,870

46,033

93,726

15,295

7,679

17,044

19,010

15,501

9,596

8,000

6,500

7,700

7,000

6,900

6,800

6,400

6,300

6,100

5,900

29,000

11,200

2,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
46,460
0
0
0
16,680
0
18,047
16,155
3,632
2,965
19,971
2,534,144
28,795
9,646
18,266
14,776
24,234
80,958
72,131
82,150
89,356
70,106
73,926
82,229
86,894
81,226
93,505
55,056
97,174
68,390
37,130
22,951
57,334
46,452
56,869
86,061
459,987

459,987

86,061

56,869

46,452

57,334

22,951

37,130

68,390

97,174

55,056

93,505

81,226

86,894

82,229

73,926

70,106

89,356

82,150

72,131

80,958

24,234

14,776

18,266

9,646

28,795

2,534,144

19,971

2,965

3,632

16,155

18,047

16,680

46,460

Accounts payable

0
0
0
27,900
0
0
0
41,200
44,300
38,400
35,700
54,700
53,100
53,200
56,500
34,500
49,300
41,600
34,300
37,600
55,675
36,792
29,624
27,988
38,118
43,390
43,454
30,228
50,536
45,570
57,967
46,217
62,347
61,898
70,546
79,326
128,589
120,961
145,481
141,888
152,530
93,147
111,188
115,542
180,115
169,686
194,696
147,942
225,472
218,318
325,564
378,849
494,701
772,272
652,795
263,393
243,914
227,446
359,207
262,285
390,312
363,336
366,331
335,031
453,414
455,859
462,339
414,240
472,257
393,174
377,213
360,097
410,632
364,330
426,406
414,932
417,168
440,691
640,121
511,056
376,962
446,698
386,370
283,355
413,575
461,267
437,836
395,196
530,958
484,003
528,683
489,448
562,618
675,801
611,028
550,754
591,467
525,156
528,629
513,344
612,160
701,932
715,681
769,455
1,134,672
1,183,604
1,220,437
1,280,555
1,213,558
1,380,814
1,165,147
1,017,238
1,138,966
1,048,584
1,060,175
1,088,330

1,088,330

1,060,175

1,048,584

1,138,966

1,017,238

1,165,147

1,380,814

1,213,558

1,280,555

1,220,437

1,183,604

1,134,672

769,455

715,681

701,932

612,160

513,344

528,629

525,156

591,467

550,754

611,028

675,801

562,618

489,448

528,683

484,003

530,958

395,196

437,836

461,267

413,575

283,355

386,370

446,698

376,962

511,056

640,121

440,691

417,168

414,932

426,406

364,330

410,632

360,097

377,213

393,174

472,257

414,240

462,339

455,859

453,414

335,031

366,331

363,336

390,312

262,285

359,207

227,446

243,914

263,393

652,795

772,272

494,701

378,849

325,564

218,318

225,472

147,942

194,696

169,686

180,115

115,542

111,188

93,147

152,530

141,888

145,481

120,961

128,589

79,326

70,546

61,898

62,347

46,217

57,967

45,570

50,536

30,228

43,454

43,390

38,118

27,988

29,624

36,792

55,675

37,600

34,300

41,600

49,300

34,500

56,500

53,200

53,100

54,700

35,700

38,400

44,300

41,200

27,900

Other Current Liabilities

0
0
0
6,700
0
0
0
9,200
10,300
12,400
14,900
15,700
11,800
15,100
18,100
19,200
17,800
18,400
23,900
25,000
29,714
28,082
29,067
31,666
31,629
30,592
33,272
11,101
30,003
45,379
47,068
55,420
43,971
47,696
4,935
57,990
53,713
72,584
80,378
55,710
50,479
61,679
65,993
82,963
63,041
102,911
33,846
156,898
85,347
26,365
31,739
25,870
98,479
63,728
31,614
276,365
189,286
145,894
193,535
165,094
243,366
184,621
220,683
217,362
235,014
213,435
253,918
242,099
209,978
186,363
198,072
219,949
172,473
181,278
192,455
218,702
190,541
210,771
269,561
293,066
210,645
216,815
259,904
235,255
236,701
299,910
340,122
-134,388
347,524
291,918
355,185
44,327
288,476
364,519
423,861
8,311
330,665
328,449
394,496
403,998
349,454
339,568
377,718
-133,850
392,322
494,616
698,629
849,640
808,698
783,928
86,648
957,724
635,128
614,405
741,798
757,452

757,452

741,798

614,405

635,128

957,724

86,648

783,928

808,698

849,640

698,629

494,616

392,322

-133,850

377,718

339,568

349,454

403,998

394,496

328,449

330,665

8,311

423,861

364,519

288,476

44,327

355,185

291,918

347,524

-134,388

340,122

299,910

236,701

235,255

259,904

216,815

210,645

293,066

269,561

210,771

190,541

218,702

192,455

181,278

172,473

219,949

198,072

186,363

209,978

242,099

253,918

213,435

235,014

217,362

220,683

184,621

243,366

165,094

193,535

145,894

189,286

276,365

31,614

63,728

98,479

25,870

31,739

26,365

85,347

156,898

33,846

102,911

63,041

82,963

65,993

61,679

50,479

55,710

80,378

72,584

53,713

57,990

4,935

47,696

43,971

55,420

47,068

45,379

30,003

11,101

33,272

30,592

31,629

31,666

29,067

28,082

29,714

25,000

23,900

18,400

17,800

19,200

18,100

15,100

11,800

15,700

14,900

12,400

10,300

9,200

6,700

> Long-term Liabilities

0
0
0
221,000
0
0
0
196,100
179,900
200,900
211,700
226,800
286,300
374,300
430,900
495,800
517,800
520,500
544,900
527,800
529,744
565,827
581,668
567,503
563,566
575,770
490,282
638,643
617,215
634,503
602,499
635,854
637,083
641,251
648,192
707,289
705,155
700,934
717,499
650,820
683,122
789,600
694,706
669,524
664,512
664,544
661,527
614,995
613,814
810,460
1,341,588
2,074,693
2,184,062
2,648,224
2,631,836
2,650,283
2,657,485
2,468,940
2,481,994
2,531,046
2,884,216
2,893,908
2,911,331
2,897,488
2,910,267
2,918,119
2,938,984
2,508,215
2,515,274
2,520,371
2,737,289
2,729,083
2,635,883
2,350,590
2,362,315
2,345,459
2,328,096
2,312,769
3,498,754
3,538,578
3,194,411
3,203,475
3,208,898
2,995,341
3,011,089
3,025,846
3,041,747
2,822,218
2,827,881
2,834,757
2,833,187
2,680,905
2,688,696
2,746,176
2,762,626
2,797,197
2,864,685
2,883,897
2,893,617
3,204,212
3,207,264
3,212,993
3,243,129
3,658,549
3,731,510
3,804,734
3,858,762
3,983,694
3,987,817
3,960,452
3,981,097
4,031,883
4,092,791
4,127,393
4,152,288
3,810,970

3,810,970

4,152,288

4,127,393

4,092,791

4,031,883

3,981,097

3,960,452

3,987,817

3,983,694

3,858,762

3,804,734

3,731,510

3,658,549

3,243,129

3,212,993

3,207,264

3,204,212

2,893,617

2,883,897

2,864,685

2,797,197

2,762,626

2,746,176

2,688,696

2,680,905

2,833,187

2,834,757

2,827,881

2,822,218

3,041,747

3,025,846

3,011,089

2,995,341

3,208,898

3,203,475

3,194,411

3,538,578

3,498,754

2,312,769

2,328,096

2,345,459

2,362,315

2,350,590

2,635,883

2,729,083

2,737,289

2,520,371

2,515,274

2,508,215

2,938,984

2,918,119

2,910,267

2,897,488

2,911,331

2,893,908

2,884,216

2,531,046

2,481,994

2,468,940

2,657,485

2,650,283

2,631,836

2,648,224

2,184,062

2,074,693

1,341,588

810,460

613,814

614,995

661,527

664,544

664,512

669,524

694,706

789,600

683,122

650,820

717,499

700,934

705,155

707,289

648,192

641,251

637,083

635,854

602,499

634,503

617,215

638,643

490,282

575,770

563,566

567,503

581,668

565,827

529,744

527,800

544,900

520,500

517,800

495,800

430,900

374,300

286,300

226,800

211,700

200,900

179,900

196,100

221,000

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
2,051,063
2,054,572
0
2,401,679
2,409,438
2,377,897
2,378,280
2,377,793
2,379,050
1,936,022
1,932,019
1,928,097
2,173,925
2,172,606
2,069,214
1,774,243
1,773,619
1,766,045
1,755,028
1,742,128
2,929,994
2,977,706
2,623,444
2,619,574
2,615,819
2,577,976
2,575,528
2,573,186
2,570,837
2,353,194
2,353,744
2,354,337
2,351,483
2,353,145
2,353,703
2,352,127
2,351,979
2,352,489
2,354,427
2,355,917
2,355,243
2,644,988
2,646,012
2,636,722
2,636,615
3,015,782
3,016,200
3,016,486
3,019,175
3,008,702
3,010,109
3,011,116
3,012,120
0
3,014,358
3,010,829
0
0

3,010,829

3,014,358

3,012,120

3,011,116

3,010,109

3,008,702

3,019,175

3,016,486

3,016,200

3,015,782

2,636,615

2,636,722

2,646,012

2,644,988

2,355,243

2,355,917

2,354,427

2,352,489

2,351,979

2,352,127

2,353,703

2,353,145

2,351,483

2,354,337

2,353,744

2,353,194

2,570,837

2,573,186

2,575,528

2,577,976

2,615,819

2,619,574

2,623,444

2,977,706

2,929,994

1,742,128

1,755,028

1,766,045

1,773,619

1,774,243

2,069,214

2,172,606

2,173,925

1,928,097

1,932,019

1,936,022

2,379,050

2,377,793

2,378,280

2,377,897

2,409,438

2,401,679

2,054,572

2,051,063

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
35,589
45,462
54,653
60,261
60,211
69,803
71,191
66,871
66,472
65,351
65,046
121,834
124,180
126,340
8,852
126,340
125,972
126,340
126,340
126,340
126,340
126,340
111,240
111,240
111,240
111,240
111,240
111,240
111,240
111,240
111,240
139,930
139,930
143,614
143,614
151,014
152,414
155,414
158,614
163,614
176,414
186,814
211,414
227,914
168,303
172,403
0
186,205
171,212
0
0

171,212

186,205

172,403

168,303

227,914

211,414

186,814

176,414

163,614

158,614

155,414

152,414

151,014

143,614

139,930

111,240

126,340

125,972

126,340

8,852

126,340

124,180

121,834

65,046

65,351

66,472

66,871

71,191

69,803

60,211

60,261

54,653

45,462

35,589

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,987
21,987
21,987
21,987
21,987
21,987
21,987
21,987
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38,540
39,705
44,003
63,027
65,626
65,759
67,095
68,411
60,006
60,957
61,594
62,145
62,159
62,944
63,794
77,391
82,278
82,613
81,795
18,564
19,173
19,947
20,324
22,898
23,376
22,843
22,356
24,922
18,839
15,936
16,147
16,405
16,595
19,302
19,544
20,751
20,649
19,711
20,781
20,305
21,811
20,257
394,049
410,647
444,708
454,043
467,229
480,428
501,327
489,248
503,034
512,503
536,288
715,310
788,248
839,587
974,992
977,708
949,336
968,977
926,849
1,078,433
1,116,564
1,143,278
0

1,143,278

1,116,564

1,078,433

926,849

968,977

949,336

977,708

974,992

839,587

788,248

715,310

536,288

512,503

503,034

489,248

501,327

480,428

467,229

454,043

444,708

410,647

394,049

20,257

21,811

20,305

20,781

19,711

20,649

20,751

19,544

19,302

16,595

16,405

16,147

15,936

18,839

24,922

22,356

22,843

23,376

22,898

20,324

19,947

19,173

18,564

81,795

82,613

82,278

77,391

63,794

62,944

62,159

62,145

61,594

60,957

60,006

68,411

67,095

65,759

65,626

63,027

44,003

39,705

38,540

21,987

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
362,520
416,468
0
430,635
439,748
457,432
469,043
476,532
482,543
489,915
500,642
510,479
544,800
537,304
546,722
556,023
565,798
556,038
550,225
548,285
543,838
542,033
555,031
567,754
576,674
400,770
416,260
433,116
450,159
448,375
454,426
459,639
461,399
305,949
314,736
375,719
398,814
435,838
447,087
457,784
468,248
484,169
489,248
503,034
512,503
536,288
602,185
652,059
722,220
854,905
856,790
853,407
856,650
0
898,112
941,491
0
0

941,491

898,112

856,650

853,407

856,790

854,905

722,220

652,059

602,185

536,288

512,503

503,034

489,248

484,169

468,248

457,784

447,087

435,838

398,814

375,719

314,736

305,949

461,399

459,639

454,426

448,375

450,159

433,116

416,260

400,770

576,674

567,754

555,031

542,033

543,838

548,285

550,225

556,038

565,798

556,023

546,722

537,304

544,800

510,479

500,642

489,915

482,543

476,532

469,043

457,432

439,748

430,635

416,468

362,520

> Total Stockholder Equity

0
0
0
63,000
0
0
0
264,600
279,300
295,000
330,100
337,600
344,200
338,200
343,800
351,100
354,100
366,300
377,200
391,400
406,843
412,254
412,627
418,784
419,538
423,121
422,789
418,575
443,925
463,569
492,099
521,660
538,599
545,394
558,482
587,233
629,990
702,652
817,104
847,122
838,882
781,928
817,656
879,868
971,522
1,224,936
1,172,573
1,231,108
1,225,106
1,184,155
1,079,959
1,529,196
1,616,057
1,987,552
1,739,394
1,623,886
1,538,944
1,910,530
1,971,934
1,988,268
2,044,478
2,083,981
2,091,639
2,092,870
2,190,691
2,275,899
2,301,568
2,315,941
2,346,224
2,371,349
2,363,025
2,405,465
2,439,133
2,448,999
2,492,437
2,547,323
2,568,795
2,897,897
2,978,084
2,913,015
2,918,077
2,927,413
2,959,896
2,679,727
2,717,210
2,835,837
2,965,917
2,927,020
3,035,179
3,080,939
3,104,725
3,351,574
3,470,719
3,746,981
4,033,768
3,935,071
4,008,111
4,064,490
4,056,641
4,075,834
4,113,526
4,145,250
4,201,183
4,345,164
4,728,792
5,020,114
5,607,926
6,304,641
6,964,354
7,588,348
7,971,156
8,130,357
8,336,637
8,707,983
8,893,535
8,866,666

8,866,666

8,893,535

8,707,983

8,336,637

8,130,357

7,971,156

7,588,348

6,964,354

6,304,641

5,607,926

5,020,114

4,728,792

4,345,164

4,201,183

4,145,250

4,113,526

4,075,834

4,056,641

4,064,490

4,008,111

3,935,071

4,033,768

3,746,981

3,470,719

3,351,574

3,104,725

3,080,939

3,035,179

2,927,020

2,965,917

2,835,837

2,717,210

2,679,727

2,959,896

2,927,413

2,918,077

2,913,015

2,978,084

2,897,897

2,568,795

2,547,323

2,492,437

2,448,999

2,439,133

2,405,465

2,363,025

2,371,349

2,346,224

2,315,941

2,301,568

2,275,899

2,190,691

2,092,870

2,091,639

2,083,981

2,044,478

1,988,268

1,971,934

1,910,530

1,538,944

1,623,886

1,739,394

1,987,552

1,616,057

1,529,196

1,079,959

1,184,155

1,225,106

1,231,108

1,172,573

1,224,936

971,522

879,868

817,656

781,928

838,882

847,122

817,104

702,652

629,990

587,233

558,482

545,394

538,599

521,660

492,099

463,569

443,925

418,575

422,789

423,121

419,538

418,784

412,627

412,254

406,843

391,400

377,200

366,300

354,100

351,100

343,800

338,200

344,200

337,600

330,100

295,000

279,300

264,600

63,000

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
500
500
493
493
493
493
494
495
495
495
497
499
499
499
500
500
502
509
515
517
520
523
527
527
528
529
534
536
537
537
538
540
541
542
543
544
544
545
545
626
628
629
630
631
632
633
635
636
636
636
636
636
636
637
639
640
641
645
646
647
649
635
635
636
636
638
639
639
640
641
641
641
641
644
644
644
644
645
645
645
645
646
646
646
646
648
648
648
648
649
649
649
649
650
650
650
650
651

651

650

649

648

646

645

644

641

640

639

638

636

635

649

647

646

645

641

640

639

637

636

635

633

632

631

630

629

628

626

545

544

543

542

541

540

538

537

536

534

529

528

527

523

520

517

515

509

502

500

499

497

495

494

493

500

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,735,060
1,745,511
0
1,827,194
1,829,659
1,821,133
1,905,207
1,982,051
2,003,486
2,011,801
2,035,569
2,058,108
2,049,011
2,087,620
2,111,597
2,116,262
2,149,389
2,179,513
2,192,413
2,237,147
2,300,660
2,227,843
2,225,354
2,223,599
2,250,901
1,965,291
1,993,910
2,101,729
2,224,963
2,210,459
2,373,718
2,490,373
2,606,831
2,874,693
3,057,904
3,376,163
3,730,662
3,958,320
4,109,034
4,250,419
4,349,523
4,419,296
4,553,882
4,576,629
4,624,019
4,758,969
5,134,398
5,783,184
6,721,734
7,761,417
8,800,883
9,945,710
10,799,863
0
11,940,621
12,681,894
0
0

12,681,894

11,940,621

10,799,863

9,945,710

8,800,883

7,761,417

6,721,734

5,783,184

5,134,398

4,758,969

4,624,019

4,576,629

4,553,882

4,419,296

4,349,523

4,250,419

4,109,034

3,958,320

3,730,662

3,376,163

3,057,904

2,874,693

2,606,831

2,490,373

2,373,718

2,210,459

2,224,963

2,101,729

1,993,910

1,965,291

2,250,901

2,223,599

2,225,354

2,227,843

2,300,660

2,237,147

2,192,413

2,179,513

2,149,389

2,116,262

2,111,597

2,087,620

2,049,011

2,058,108

2,035,569

2,011,801

2,003,486

1,982,051

1,905,207

1,821,133

1,829,659

1,827,194

1,745,511

1,735,060

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
-22,000
-27,300
-33,100
-39,400
-46,200
-53,300
-61,500
-69,500
-77,600
-87,600
-97,700
-108,600
-120,366
-131,641
-142,311
-153,352
-3,971
-3,442
-6,194
-5,356
-4,749
-5,938
-7,088
-7,106
-6,776
-6,074
-4,922
-4,188
-3,241
-2,410
-1,553
-397,843
-397,843
-397,843
-397,843
-484,344
-484,344
-484,344
-484,344
-592,686
-592,686
-592,686
-592,686
21
-1,761
5,011
-716,910
-1,411
-1,073
0
0
-1,029,018
0
0
0
-1,193,293
0
0
0
-1,357,816
0
0
0
-1,530,561
0
0
0
-1,713,680
-1,713,680
0
0
-1,886,133
-1,886,133
0
0
-2,126,492
0
0
0
-2,279,774
0
0
0
-2,489,604
0
-105
-42
301
130
78
39
-7
30
216
95
1,902
5,667
32,344
10,583
-2,091
9,296
-4,999
-2,748
889
1,800
1,027
-494
421

421

-494

1,027

1,800

889

-2,748

-4,999

9,296

-2,091

10,583

32,344

5,667

1,902

216

-7

130

301

-42

-105

-2,489,604

-2,279,774

-2,126,492

-1,886,133

-1,713,680

-1,530,561

-1,357,816

-1,193,293

-1,029,018

-1,073

-1,411

-716,910

5,011

-1,761

-592,686

-484,344

-397,843

-1,553

-2,410

-3,241

-4,188

-4,922

-6,074

-6,776

-7,106

-7,088

-5,938

-4,749

-5,356

-6,194

-3,442

-3,971

-153,352

-142,311

-131,641

-120,366

-108,600

-97,700

-87,600

-77,600

-69,500

-61,500

-53,300

-46,200

-39,400

-33,100

-27,300

-22,000

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
967,103
972,985
0
983,780
988,972
998,728
1,010,698
1,019,061
1,023,295
1,026,157
1,031,043
1,033,086
1,033,857
1,037,687
1,045,973
1,050,470
1,060,780
1,085,694
1,092,281
1,058,921
1,075,593
1,083,435
1,088,605
1,099,669
1,104,832
1,110,253
1,115,008
1,125,519
1,132,365
1,132,749
1,135,892
1,141,050
1,147,463
1,141,534
1,142,871
1,149,367
1,156,556
1,160,048
1,160,139
1,167,505
1,175,512
1,181,012
1,183,776
1,191,614
1,200,228
1,207,392
1,202,945
1,210,833
1,219,438
1,218,933
1,204,023
1,213,481
1,219,947
0
1,194,079
1,204,134
0
0

1,204,134

1,194,079

1,219,947

1,213,481

1,204,023

1,218,933

1,219,438

1,210,833

1,202,945

1,207,392

1,200,228

1,191,614

1,183,776

1,181,012

1,175,512

1,167,505

1,160,139

1,160,048

1,156,556

1,149,367

1,142,871

1,141,534

1,147,463

1,141,050

1,135,892

1,132,749

1,132,365

1,125,519

1,115,008

1,110,253

1,104,832

1,099,669

1,088,605

1,083,435

1,075,593

1,058,921

1,092,281

1,085,694

1,060,780

1,050,470

1,045,973

1,037,687

1,033,857

1,033,086

1,031,043

1,026,157

1,023,295

1,019,061

1,010,698

998,728

988,972

983,780

972,985

967,103

Treasury Stock

-3,050,497

-2,674,267

-2,344,477

-2,006,895

-1,614,866

-1,623,747

-1,623,805

-1,623,855

-1,624,808

-1,525,113

-1,469,078

-1,354,157

-1,261,837

-1,184,243

-854,052

-779,088

-730,700

-665,297

-650,210

-551,125

-475,072

-416,829

-392,051

-392,050

-392,348

-396,455

-396,473

-396,491

-396,517

-398,898

-398,818

-716,545

-718,529

-718,373

-719,076

-720,479

-720,481

-721,024

-722,653

-725,849

-727,624

-728,489

-730,857

-730,862

-734,083

-737,319

-720,835

-348,303

-501,432

-457,368

-661,427

-464,405

-332,019

-230,472

-250,062

-88,914

-262,241

-270,905

-264,565

-160,841

-84,141

-28,719

-28,908

-28,670

-29,065

-28,889

-46,526

-45,406

-33,358

-19,650

Other Stockholders Equity

0
0
0
92,900
0
0
0
304,400
326,500
331,900
367,400
372,800
378,600
372,200
377,500
384,700
392,900
402,900
412,900
424,200
436,176
433,803
432,464
442,558
438,928
440,557
438,103
485,132
508,840
510,754
510,153
566,369
567,529
568,894
572,789
649,226
660,015
665,383
673,669
704,207
639,867
536,615
531,283
619,339
643,751
810,222
653,712
729,986
636,554
515,216
323,528
813,368
61,654
235,464
534,520
-196,044
-174,911
227,696
236,246
1,271,146
249,601
256,156
261,348
1,464,397
284,849
293,212
297,446
1,661,320
310,019
312,605
313,378
1,847,769
326,897
332,097
342,407
2,080,845
375,736
660,103
676,775
2,570,670
692,088
703,178
708,359
2,840,290
722,661
733,469
740,314
2,995,694
660,820
589,925
497,253
2,965,841
412,171
370,174
302,462
2,715,309
-101,568
-186,574
-293,527
2,644,720
-441,002
-432,025
-423,577
-416,355
-411,921
-796,062
-1,125,039
-1,455,334
-1,846,474
-2,353,012
-2,826,608
-3,246,947
-3,606,434
-3,975,588
-4,296,089
-4,679,996

-4,679,996

-4,296,089

-3,975,588

-3,606,434

-3,246,947

-2,826,608

-2,353,012

-1,846,474

-1,455,334

-1,125,039

-796,062

-411,921

-416,355

-423,577

-432,025

-441,002

2,644,720

-293,527

-186,574

-101,568

2,715,309

302,462

370,174

412,171

2,965,841

497,253

589,925

660,820

2,995,694

740,314

733,469

722,661

2,840,290

708,359

703,178

692,088

2,570,670

676,775

660,103

375,736

2,080,845

342,407

332,097

326,897

1,847,769

313,378

312,605

310,019

1,661,320

297,446

293,212

284,849

1,464,397

261,348

256,156

249,601

1,271,146

236,246

227,696

-174,911

-196,044

534,520

235,464

61,654

813,368

323,528

515,216

636,554

729,986

653,712

810,222

643,751

619,339

531,283

536,615

639,867

704,207

673,669

665,383

660,015

649,226

572,789

568,894

567,529

566,369

510,153

510,754

508,840

485,132

438,103

440,557

438,928

442,558

432,464

433,803

436,176

424,200

412,900

402,900

392,900

384,700

377,500

372,200

378,600

372,800

367,400

331,900

326,500

304,400

92,900

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	1,088,330	1,017,238	1,280,555	769,455	513,344	550,754	489,448	395,196	283,355	511,056	414,932	360,097	420,824	348,601	262,285	263,393	378,849	147,942	115,542	141,888	79,326	46,217	30,228	27,988	37,600	34,500	54,700	41,200	27,900
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	421	889	-2,091	1,902	-7	301	-2,489,604	-2,279,774	-2,126,492	-1,886,133	-1,713,680	-1,530,561	-1,357,816	-1,193,293	-1,029,018	-1,411	21	-592,686	-484,344	-397,843	-4,188	-7,106	-5,356	-153,352	-108,600	-69,500	-39,400	0	0
Additional Paid In Capital	0	0	0	0	0	0	1,141,534	1,132,749	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	651	650	649	648	646	645	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	1,218,933	1,207,392	1,181,012	1,160,048	1,141,534	1,132,749	1,110,253	1,083,435	0	1,037,687	1,026,157	998,728	972,985	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,400,887	1,628,417	1,243,868	1,368,618	1,381,460	828,220	1,028,649	841,483	727,032	361,363	395,156	375,917	475,591	186,513	9,008	16,233	28,486	29,373	65,518	16,334	65,430	24,218	78,241	10,184	16,600	5,200	8,600	57,500	6,900
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	2,122,097	2,256,632	1,243,868	1,368,618	1,643,634	1,057,003	1,028,649	841,483	727,032	361,363	395,156	407,437	475,591	186,513	9,008	16,233	28,486	29,373	65,518	16,334	65,430	24,218	78,241	10,184	16,600	5,200	8,600	57,500	6,900
Common Stock	651	650	649	648	646	645	644	641	638	635	645	637	636	633	629	545	542	537	529	523	509	499	495	493	500	0	0	0	0
Common Stock Shares Outstanding	167,431	184,622	206,615	212,345	220,748	235,193	241,781	245,298	242,017	242,078	238,996	236,624	235,992	234,717	200,704	194,586	196,804	211,548	206,568	226,108	219,560	189,852	183,412	187,896	192,612	195,472	195,556	138,284	128,387
Common Stock Total Equity	0	0	649	648	646	645	644	641	638	635	645	637	636	633	629	545	542	537	529	523	509	499	495	493	500	0	0	0	0
Current Deferred Revenue	5,524	0	0	536,288	0	0	0	0	0	0	0	0	-6,584	-13,570	0	276,365	204,645	140,365	0	0	0	0	30,749	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	854,905	536,288	484,169	435,838	305,949	448,375	400,770	542,033	0	537,304	489,915	457,432	416,468	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	477,471	502,067	453,835	457,226	452,915	429,645	386,893	393,351	397,470	745,158	731,996	738,542	745,066	751,675	758,259	770,438	510,983	30,966	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	257,759	267,507	295,345	324,577	327,901	270,328	256,909	283,977	278,960	370,669	386,159	416,635	450,893	489,240	533,510	616,459	514,547	12,226	0	0	0	0	0	0	0	0	0	0	0
Inventory	2,894,632	3,129,964	3,531,130	1,843,548	1,689,043	1,859,168	1,519,347	1,275,211	1,149,390	1,618,419	1,314,747	1,202,507	1,199,584	1,114,063	852,831	1,023,235	904,398	569,317	398,684	381,488	184,496	153,204	118,368	106,745	106,700	126,700	60,200	65,900	13,600
Liabilities And Stockholders Equity	14,982,793	14,159,984	12,531,234	9,265,562	8,275,765	7,703,563	6,855,732	6,423,732	6,202,082	7,311,027	5,933,006	5,815,416	5,979,226	5,589,934	5,129,872	5,253,577	4,519,453	2,247,017	1,757,687	1,733,619	1,448,439	1,275,696	1,180,098	1,067,074	991,600	907,500	640,900	522,300	320,700
Long Term Debt	2,611,069	3,013,241	3,008,702	3,015,782	2,644,988	2,352,489	2,353,145	2,353,194	2,577,976	2,977,706	1,766,045	2,172,606	1,936,022	2,377,897	2,054,572	2,219,161	1,734,683	358,192	438,419	441,605	591,586	543,812	553,891	515,476	0	0	0	0	0
Long Term Debt Total	0	0	3,008,702	3,015,782	2,644,988	2,352,489	2,353,145	2,353,194	2,577,976	2,977,706	0	2,172,606	1,936,022	2,377,897	2,054,572	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	18,400	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
Net Debt	1,798,319	1,442,158	1,862,008	1,734,058	1,352,884	1,548,503	1,353,291	1,515,343	1,867,624	2,662,803	1,712,433	1,826,320	1,904,509	2,200,308	2,213,746	2,268,151	2,001,359	409,505	375,057	432,045	542,144	531,232	521,683	522,336	489,400	478,700	210,900	149,900	216,200
Net Invested Capital	11,937,722	11,200,932	9,410,517	7,447,840	6,810,178	6,311,794	5,733,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,608,307	2,056,051	1,916,434	971,918	844,336	1,043,756	868,837	729,784	613,605	902,825	720,600	643,256	739,513	659,500	563,616	502,932	714,123	408,376	241,708	253,861	126,023	118,479	81,879	102,986	86,600	65,900	44,700	32,500	100
Net Tangible Assets	0	7,360,783	5,555,461	3,721,975	3,438,632	3,346,338	2,819,012	2,360,932	2,129,637	1,806,040	0	1,321,479	1,174,635	851,955	696,499	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	4,455,530	5,605,722	4,673,654	2,999,660	3,246,327	3,013,520	2,639,823	2,216,860	2,002,651	2,123,183	1,498,456	1,686,548	1,354,841	1,438,686	861,242	745,727	791,703	636,707	518,556	444,311	254,631	197,353	194,093	165,915	155,200	162,100	58,800	95,800	-14,500
Non Current Assets Total	8,194,967	6,521,966	5,630,211	5,007,115	4,022,740	3,670,906	3,347,390	3,494,057	3,664,141	4,337,262	3,459,372	3,519,191	3,523,968	3,589,931	3,673,069	3,536,869	2,823,224	1,210,820	1,031,954	1,056,100	1,040,504	964,793	867,894	824,461	765,800	684,800	505,600	364,900	298,500
Non Current Liabilities Other	180,760	129,539	120,087	106,479	75,055	8,870	21,811	20,649	16,595	18,839	0	19,173	82,278	62,159	60,006	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	3,810,970	4,031,883	3,983,694	3,658,549	3,204,212	2,797,197	2,680,905	2,822,218	2,995,341	3,538,578	2,345,459	2,729,083	2,578,909	2,897,488	2,531,046	2,650,283	2,074,693	614,995	669,524	650,820	707,289	635,854	638,643	567,503	527,800	495,800	226,800	196,100	221,000
Non Currrent Assets Other	518,047	-515,876	129,601	119,743	106,038	25,166	27,684	29,514	36,501	97,529	115,083	132,816	134,264	135,683	127,250	77,115	145,597	30,925	25,469	25,200	39,388	35,455	15,833	17,139	23,000	28,900	13,700	25,600	24,300
Noncontrolling Interest In Consolidated Entity	0	0	-195,884	-155,552	-154,593	-159,082	-156,506	-149,561	-134,616	0	0	0	0	38,259	14,997	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	268,089	129,601	119,743	30,862	25,166	27,684	29,514	36,501	79,129	97,283	110,116	109,364	108,583	101,950	80,881	53,797	30,925	31,985	32,056	39,388	35,455	15,833	17,139	0	0	0	0	0
Other Current Assets	162,790	195,371	209,591	74,363	76,012	72,730	91,509	83,197	47,914	55,655	25,167	19,576	15,229	19,243	9,856	150,746	38,795	15,167	13,307	18,980	8,769	8,322	9,116	22,698	15,900	24,900	21,800	1,500	1,600
Other Current Liab	757,452	957,724	849,640	402,438	403,998	444,149	350,276	313,987	235,255	293,066	218,702	219,949	242,099	217,362	165,094	366,000	25,870	30,497	89,479	84,546	57,990	55,420	11,101	31,666	25,000	19,200	15,700	9,200	6,700
Other Liab	0	926,849	974,992	642,767	501,327	444,708	327,760	469,024	417,365	18,839	23,376	19,173	82,278	62,159	60,006	65,626	38,540	0	0	0	0	21,987	21,987	0	0	0	0	0	0
Other Stockholder Equity	-4,679,996	-3,246,947	-1,455,334	-416,355	-344,101	-24,195	2,965,841	2,995,694	2,840,290	2,570,670	2,080,845	1,847,769	1,661,320	1,464,397	1,271,146	-196,044	813,368	729,986	619,339	704,207	649,226	566,369	485,132	442,558	424,200	384,700	372,800	304,400	92,900
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	10,932,914	9,224,683	8,256,544	4,105,569	3,135,886	2,945,767	2,675,904	2,787,215	2,951,210	3,123,906	2,226,134	2,231,198	2,193,745	2,213,333	2,254,050	2,072,857	1,652,097	1,136,703	999,969	1,024,044	1,001,116	929,338	852,061	807,322	742,800	655,900	491,900	0	0
Property Plant And Equipment Net	6,861,717	5,373,665	4,751,430	4,105,569	3,135,886	2,945,767	2,675,904	2,787,215	2,951,210	3,123,906	2,226,134	2,231,198	2,193,745	2,213,333	2,254,050	2,072,857	1,652,097	1,136,703	999,969	1,024,044	1,001,116	929,338	852,061	807,322	742,800	655,900	491,900	339,300	274,200
Property Plant Equipment	0	5,484,303	4,751,430	4,105,569	3,135,886	2,945,767	2,675,904	2,787,215	2,951,210	3,123,906	2,226,134	2,231,198	2,193,745	2,213,333	2,254,050	2,072,857	1,652,097	1,136,703	999,969	1,024,044	1,001,116	929,338	852,061	807,322	0	0	0	0	0
Retained Earnings	13,545,590	11,375,765	7,761,417	4,758,969	4,419,296	3,958,320	2,874,693	2,210,459	1,965,291	2,227,843	2,179,513	2,087,620	2,011,801	1,821,133	1,745,511	1,820,385	1,432,196	1,093,271	744,344	540,235	257,254	210,106	132,229	129,085	75,300	35,900	4,200	-39,800	-29,900
Retained Earnings Total Equity	0	0	7,761,417	4,758,969	4,419,296	3,958,320	2,874,693	2,210,459	1,965,291	2,227,843	0	2,087,620	2,011,801	1,821,133	1,745,511	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	459,987	57,334	97,174	86,894	89,356	24,234	28,795	3,632	16,680	46,460	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	3,199,206	3,070,575	3,105,876	3,102,676	2,734,344	2,376,723	2,381,940	2,356,826	2,594,656	3,024,166	2,107,589	2,202,237	2,380,100	2,386,821	2,222,754	2,284,384	2,029,845	438,878	440,575	448,379	607,574	555,450	599,924	532,520	506,000	483,900	219,500	207,400	223,100
Short Term Debt	480,990	57,334	97,174	86,894	89,356	24,234	28,795	3,632	16,680	46,460	341,544	29,631	444,078	8,924	168,182	65,223	295,162	80,686	2,156	6,774	15,988	11,913	46,033	17,044	8,000	6,900	6,100	11,200	2,100
Short Term Investments	721,210	628,215	351	0	262,174	228,783	0	0	0	0	0	31,520	84,830	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
Total Assets	14,982,793	14,159,984	12,531,234	9,265,562	8,275,765	7,703,563	6,855,732	6,423,732	6,202,082	7,311,027	5,933,006	5,815,416	5,979,226	5,589,934	5,129,872	5,253,577	4,519,453	2,247,017	1,757,687	1,733,619	1,448,439	1,275,696	1,180,098	1,067,074	991,600	907,500	640,900	522,300	320,700
Total Current Assets	6,787,826	7,638,018	6,901,023	4,258,447	4,253,025	4,032,657	3,508,342	2,929,675	2,537,941	2,973,765	2,473,634	2,296,225	2,455,258	2,000,003	1,456,803	1,716,708	1,696,229	1,036,197	725,733	677,519	407,935	310,903	312,204	242,613	225,800	222,700	135,300	157,400	22,200
Total Current Liabilities	2,332,296	2,032,296	2,227,369	1,258,787	1,006,698	1,019,137	868,519	712,815	535,290	850,582	975,178	609,677	1,100,417	561,317	595,561	970,981	904,526	399,490	207,177	233,208	153,304	113,550	118,111	76,698	70,600	60,600	76,500	61,600	36,700
Total Liab	6,143,266	6,064,179	6,211,063	4,917,336	4,210,910	3,816,334	3,549,424	3,535,033	3,530,631	4,389,160	3,320,637	3,338,760	3,679,326	3,458,805	3,126,607	3,621,264	2,979,219	1,014,485	876,701	884,028	860,593	749,404	756,754	644,201	598,400	556,400	303,300	257,700	257,700
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	8,866,666	8,130,357	6,304,641	4,345,164	4,075,834	3,935,071	3,351,574	2,927,020	2,679,727	2,913,015	2,547,323	2,405,465	2,315,941	2,092,870	1,988,268	1,623,886	1,529,196	1,231,108	879,868	847,122	587,233	521,660	418,575	418,784	391,400	351,100	337,600	264,600	63,000
Treasury Stock	0	0	-2,674,267	-1,623,747	-1,525,113	-1,184,243	-665,297	-416,829	-396,455	-398,898	-718,529	-720,479	-722,653	-727,624	-730,857	-737,319	-457,368	-230,472	-270,905	-84,141	-28,670	-28,889	-46,526	-46,526	0	0	0	0	0
Warrants	0	0	211,414	158,614	143,614	111,240	111,240	111,240	126,340	8,852	0	71,191	54,653	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	1,088,330	1,060,175	1,048,584	1,138,966	1,017,238	1,165,147	1,380,814	1,213,558	1,280,555	1,220,437	1,183,604	1,134,672	769,455	715,681	701,932	612,160	513,344	528,629	525,156	591,467	550,754	611,028	675,801	562,618	489,448	528,683	484,003	530,958	395,196	437,836	461,267	413,575	283,355	386,370	446,698	376,962	511,056	640,121	440,691	417,168	414,932	426,406	364,330	410,632	360,097	377,213	393,174	472,257	414,240	462,339	455,859	453,414	335,031	366,331	363,336	390,312	262,285	359,207	227,446	243,914	263,393	652,795	772,272	494,701	378,849	325,564	218,318	225,472	147,942	194,696	169,686	180,115	115,542	111,188	93,147	152,530	141,888	145,481	120,961	128,589	79,326	70,546	61,898	62,347	46,217	57,967	45,570	50,536	30,228	43,454	43,390	38,118	27,988	29,624	36,792	55,675	37,600	34,300	41,600	49,300	34,500	56,500	53,200	53,100	54,700	35,700	38,400	44,300	41,200	-	-	-	27,900	-	-	-
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	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	421	-494	1,027	1,800	889	-2,748	-4,999	9,296	-2,091	10,583	32,344	5,667	1,902	95	216	30	-7	39	78	130	301	-42	-105	0	-2,489,604	0	0	0	-2,279,774	0	0	0	-2,126,492	0	0	-1,886,133	-1,886,133	0	0	-1,713,680	-1,713,680	0	0	0	-1,530,561	0	0	0	-1,357,816	0	0	0	-1,193,293	0	0	0	-1,029,018	0	0	-1,073	-1,411	-716,910	5,011	-1,761	21	-592,686	-592,686	-592,686	-592,686	-484,344	-484,344	-484,344	-484,344	-397,843	-397,843	-397,843	-397,843	-1,553	-2,410	-3,241	-4,188	-4,922	-6,074	-6,776	-7,106	-7,088	-5,938	-4,749	-5,356	-6,194	-3,442	-3,971	-153,352	-142,311	-131,641	-120,366	-108,600	-97,700	-87,600	-77,600	-69,500	-61,500	-53,300	-46,200	-39,400	-33,100	-27,300	-22,000	-	-	-	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,156,556	1,149,367	1,142,871	1,141,534	1,147,463	1,141,050	1,135,892	1,132,749	1,132,365	1,125,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-
Capital Stock	651	650	650	650	650	649	649	649	649	648	648	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,204,134	1,194,079	0	1,219,947	1,213,481	1,204,023	1,218,933	1,219,438	1,210,833	1,202,945	1,207,392	1,200,228	1,191,614	1,183,776	1,181,012	1,175,512	1,167,505	1,160,139	1,160,048	1,156,556	1,149,367	1,142,871	1,141,534	1,147,463	1,141,050	1,135,892	1,132,749	1,132,365	1,125,519	1,115,008	1,110,253	1,104,832	1,099,669	1,088,605	1,083,435	1,075,593	1,058,921	1,092,281	1,085,694	1,060,780	1,050,470	1,045,973	1,037,687	1,033,857	1,033,086	1,031,043	1,026,157	1,023,295	1,019,061	1,010,698	998,728	988,972	983,780	0	972,985	967,103	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,400,887	1,765,467	1,475,356	1,604,943	1,628,417	1,420,497	1,007,085	1,189,528	1,243,868	1,095,701	1,113,744	1,245,165	1,368,618	1,267,618	1,496,458	1,235,478	1,381,460	1,146,007	972,561	791,444	828,220	884,315	720,445	985,824	1,028,649	1,101,964	908,843	966,826	841,483	1,051,489	1,052,666	976,951	727,032	473,790	419,401	160,982	361,363	159,591	357,490	342,919	395,156	370,056	243,753	477,861	375,917	287,120	420,938	357,809	390,761	456,694	277,691	160,810	186,513	270,118	191,593	225,506	9,008	8,094	18,217	16,067	16,233	22,135	115,405	58,889	28,486	10,811	12,212	28,332	29,373	20,843	53,948	195,705	65,518	30,604	1,645	3,747	16,334	159,674	38,441	58,294	65,430	21,584	11,928	3,241	24,218	24,173	48,747	32,319	78,241	14,803	18,170	5,520	10,184	4,617	9,677	16,160	16,600	7,100	2,500	10,900	5,200	4,000	10,200	5,100	8,600	15,100	22,300	48,200	57,500	-	-	-	6,900	-	-	-
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	-	-	-	-	-	-	-	-
Cash And Short Term Investments	2,122,097	2,266,311	2,087,057	2,319,712	2,256,632	2,003,708	1,358,090	1,189,528	1,243,868	1,095,701	1,113,744	1,245,165	1,368,618	1,267,618	1,566,004	1,454,671	1,643,634	1,215,536	1,086,715	965,167	1,057,003	999,315	810,445	1,025,824	1,028,649	1,101,964	908,843	966,826	841,483	1,051,489	1,052,666	976,951	727,032	473,790	419,401	160,982	361,363	159,591	357,490	342,919	395,156	370,056	243,753	477,861	407,437	287,120	430,936	422,791	475,591	456,694	277,691	160,810	186,513	270,118	191,593	225,506	9,008	8,094	18,217	16,067	16,233	22,135	115,405	58,889	28,486	10,811	12,212	28,332	29,373	20,843	53,948	195,705	65,518	30,604	1,645	3,747	16,334	159,674	38,441	58,294	65,430	21,584	11,928	3,241	24,218	24,173	48,747	32,319	78,241	14,803	18,170	5,520	10,184	4,617	9,677	16,160	16,600	7,100	2,500	10,900	5,200	4,000	10,200	5,100	8,600	15,100	22,300	48,200	57,500	-	-	-	6,900	-	-	-
Common Stock	651	650	650	650	650	649	649	649	649	648	648	648	648	646	646	646	646	645	645	645	645	644	644	644	644	641	641	641	641	640	639	639	638	636	636	635	635	649	647	646	645	641	640	639	637	636	636	636	636	636	636	635	633	632	631	630	629	628	626	545	545	544	544	543	542	541	540	538	537	537	536	534	529	528	527	527	523	520	517	515	509	502	500	500	499	499	499	497	495	495	495	494	493	493	493	493	500	500	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	162,276	166,105	168,865	172,479	175,892	181,613	187,740	193,241	198,794	204,167	211,246	212,254	212,052	211,926	211,378	214,024	216,402	219,109	222,519	224,962	230,455	235,649	236,945	237,723	238,677	240,880	243,021	244,546	245,511	245,682	245,392	244,608	242,558	243,822	243,491	242,867	240,870	242,244	242,048	241,394	240,493	239,001	221,736	238,087	236,890	220,044	236,208	236,526	218,996	235,759	236,266	236,224	217,992	234,543	234,600	234,659	216,284	234,080	189,848	182,000	182,000	196,859	200,345	199,317	189,039	189,858	197,562	203,274	192,632	219,572	219,532	201,952	174,068	200,552	205,888	219,312	190,812	227,524	226,180	224,848	195,788	192,488	191,412	191,144	190,404	191,416	191,436	185,392	184,180	183,716	183,564	182,840	182,044	185,436	190,820	192,812	191,984	193,316	193,600	200,000	200,000	188,889	200,000	202,667	190,000	196,364	195,000	194,667	15,814	15,814	45,000	10,286	125,000	125,000	133,333	130,667
Common Stock Total Equity	0	0	650	650	0	649	649	649	649	648	648	648	648	646	646	646	646	645	645	645	645	644	644	644	644	641	641	641	641	640	639	639	638	636	636	635	635	649	647	646	645	641	640	639	637	636	636	636	636	636	636	635	633	632	631	630	629	628	626	545	545	544	544	543	542	541	540	538	537	537	536	534	529	528	527	527	523	520	517	515	509	502	500	500	499	499	499	497	495	495	495	494	493	493	493	493	500	500	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Current Deferred Revenue	5,524	30,343	39,177	0	0	856,650	0	0	0	80,167	80,520	52,969	536,288	0	0	0	0	0	0	0	435,838	0	0	0	305,949	0	0	0	448,375	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	350,098	292,701	204,323	204,645	162,792	120,020	94,917	13,964	113,575	0	0	6,516	0	0	0	28,836	0	0	0	0	42,132	0	0	0	0	0	0	30,749	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	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	941,491	898,112	0	856,650	853,407	856,790	854,905	722,220	652,059	602,185	536,288	512,503	503,034	489,248	484,169	468,248	457,784	447,087	435,838	398,814	375,719	314,736	305,949	461,399	459,639	454,426	448,375	450,159	433,116	416,260	400,770	576,674	567,754	555,031	542,033	543,838	548,285	550,225	556,038	565,798	556,023	546,722	537,304	544,800	510,479	500,642	489,915	482,543	476,532	469,043	457,432	439,748	430,635	0	416,468	362,520	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Good Will	477,471	477,471	477,471	502,067	502,067	451,594	452,341	453,088	453,835	454,683	455,530	456,378	457,226	474,520	451,220	452,068	452,915	540,913	526,462	530,716	429,645	502,900	508,275	386,045	386,893	388,518	390,129	391,740	393,351	399,867	394,275	395,872	397,470	740,243	741,898	743,528	745,158	727,128	728,751	730,360	731,996	733,650	735,281	736,912	738,542	740,192	741,817	743,441	745,066	746,737	748,383	750,029	751,675	753,355	753,355	756,624	758,259	759,983	780,321	812,161	770,438	781,555	789,580	518,759	510,983	200,637	48,490	30,966	30,966	30,966	30,720	0	0	0	0	0	0	0	0	0	0	0	0	0	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	257,759	265,845	274,005	260,629	267,507	276,586	281,022	288,183	295,345	302,522	309,700	317,139	324,577	306,574	313,520	320,711	327,901	249,598	256,302	263,315	270,328	236,563	243,154	249,983	256,909	263,357	269,129	276,553	283,977	291,814	265,476	272,528	278,960	353,561	358,402	364,620	370,669	406,318	372,819	379,488	386,159	393,531	401,104	408,832	416,635	425,034	433,559	442,277	450,893	460,206	469,719	479,480	489,240	500,021	511,002	522,245	533,510	545,327	557,194	551,489	614,786	625,537	636,649	488,436	514,547	198,678	14,110	11,973	12,226	12,478	12,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Inventory	2,894,632	2,941,634	3,044,009	2,988,852	3,129,964	3,376,532	3,647,061	3,516,815	3,531,130	2,894,970	2,481,832	2,217,534	1,843,548	1,609,216	1,567,017	1,644,538	1,689,043	1,767,020	1,802,759	1,867,700	1,859,168	1,853,862	1,787,109	1,600,058	1,519,347	1,487,516	1,418,732	1,361,550	1,275,211	1,275,575	1,175,716	1,066,823	1,149,390	1,321,397	1,292,069	1,453,242	1,618,419	1,664,212	1,320,871	1,332,101	1,314,747	1,192,032	1,168,499	1,170,159	1,202,507	1,209,079	1,252,153	1,270,941	1,199,584	1,158,848	1,195,194	1,186,168	1,114,063	1,008,309	1,017,874	900,889	852,831	835,079	738,470	833,074	1,023,235	1,356,992	1,201,640	894,759	904,398	744,534	726,236	626,218	569,317	557,726	528,683	381,505	398,684	379,486	421,894	395,635	381,488	285,790	280,170	235,989	184,496	171,381	173,424	167,684	153,204	135,487	114,755	112,356	118,368	114,247	113,725	114,487	106,745	127,023	131,732	118,923	106,700	114,800	115,200	119,100	126,700	116,300	92,800	65,800	60,200	53,800	56,800	46,500	65,900	-	-	-	13,600	-	-	-
Liabilities And Stockholders Equity	14,982,793	14,928,956	14,551,397	14,219,760	14,159,984	14,047,698	13,711,214	13,056,637	12,531,234	11,535,985	10,687,331	10,127,896	9,265,562	8,617,556	8,468,341	8,344,923	8,275,765	7,943,247	7,857,914	7,857,233	7,703,563	7,798,368	7,504,521	6,972,813	6,855,732	6,960,737	6,670,130	6,704,035	6,423,732	6,787,562	6,629,676	6,391,642	6,202,082	6,842,541	6,826,763	6,735,838	7,311,027	7,578,283	5,985,202	5,913,857	5,933,006	5,874,305	5,735,910	5,956,574	5,815,416	5,775,516	5,971,380	6,043,627	5,979,226	6,003,481	5,900,453	5,827,605	5,589,934	5,610,459	5,545,805	5,582,122	5,129,872	5,108,964	4,881,812	4,926,079	5,253,577	6,054,879	6,043,589	4,821,612	4,519,453	3,095,301	2,575,886	2,341,392	2,247,017	2,208,803	2,164,473	1,881,619	1,757,687	1,698,108	1,735,961	1,736,447	1,733,619	1,765,013	1,603,954	1,534,786	1,448,439	1,340,316	1,311,130	1,295,965	1,275,696	1,232,015	1,199,908	1,155,574	1,180,098	1,088,473	1,092,807	1,065,032	1,067,074	1,075,663	1,062,478	1,036,156	991,600	986,800	954,500	946,000	907,500	856,100	787,200	701,700	640,900	598,500	552,600	542,800	522,300	-	-	-	320,700	-	-	-
Long Term Debt	2,611,069	3,009,010	3,010,829	3,014,358	3,013,241	3,012,120	3,011,116	3,010,109	3,008,702	3,019,175	3,016,486	3,016,200	3,015,782	2,636,615	2,636,722	2,646,012	2,644,988	2,355,243	2,355,917	2,354,427	2,352,489	2,351,979	2,352,127	2,353,703	2,353,145	2,351,483	2,354,337	2,353,744	2,353,194	2,570,837	2,573,186	2,575,528	2,577,976	2,615,819	2,619,574	2,623,444	2,977,706	2,929,994	1,742,128	1,755,028	1,766,045	1,773,619	1,774,243	2,069,214	2,172,606	2,173,925	1,928,097	1,932,019	1,936,022	2,379,050	2,377,793	2,378,280	2,377,897	2,409,438	2,401,679	2,399,864	2,054,572	2,051,063	2,029,892	2,218,014	2,219,161	2,235,784	2,269,785	1,805,435	1,734,683	1,048,786	554,250	357,686	358,192	401,557	402,497	432,844	438,419	469,252	564,840	460,330	441,605	548,724	563,287	587,777	591,586	532,209	536,505	539,121	543,812	522,162	545,787	536,801	553,891	440,530	525,107	512,224	515,476	536,556	531,578	497,733	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	3,010,829	3,014,358	0	3,012,120	3,011,116	3,010,109	3,008,702	3,019,175	3,016,486	3,016,200	3,015,782	2,636,615	2,636,722	2,646,012	2,644,988	2,355,243	2,355,917	2,354,427	2,352,489	2,351,979	2,352,127	2,353,703	2,353,145	2,351,483	2,354,337	2,353,744	2,353,194	2,570,837	2,573,186	2,575,528	2,577,976	2,615,819	2,619,574	2,623,444	2,977,706	2,929,994	1,742,128	1,755,028	1,766,045	1,773,619	1,774,243	2,069,214	2,172,606	2,173,925	1,928,097	1,932,019	1,936,022	2,379,050	2,377,793	2,378,280	2,377,897	2,409,438	2,401,679	0	2,054,572	2,051,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-
Net Debt	1,798,319	1,329,604	1,592,342	1,455,867	1,442,158	1,614,574	2,041,161	1,888,971	1,862,008	1,978,530	1,996,247	1,852,261	1,734,058	1,451,226	1,214,190	1,480,640	1,352,884	1,291,386	1,455,487	1,643,941	1,548,503	1,482,440	1,649,948	1,377,525	1,353,291	1,432,180	1,465,465	1,389,883	1,515,343	1,535,503	1,538,567	1,621,347	1,867,624	2,173,613	2,235,248	2,493,189	2,662,803	2,902,261	1,446,399	1,755,831	1,712,433	1,738,904	1,854,731	1,822,935	1,826,320	1,916,919	1,947,071	2,013,843	1,989,339	1,923,566	2,101,654	2,218,686	2,200,308	2,147,758	2,216,427	2,180,691	2,213,746	2,129,114	2,126,724	2,498,397	2,634,151	2,853,852	2,421,188	1,959,023	2,001,359	1,190,658	757,737	425,047	409,505	411,486	344,583	238,211	375,057	446,269	571,767	465,429	432,045	391,327	529,846	545,560	542,144	525,514	538,414	548,816	531,232	525,565	502,928	513,352	521,683	519,453	522,232	514,383	522,336	550,949	537,402	491,169	489,400	508,700	498,000	493,600	478,700	410,400	342,800	254,500	210,900	188,500	183,100	158,200	149,900	-	-	-	216,200	-	-	-
Net Invested Capital	11,937,722	11,988,606	11,775,681	11,397,447	11,200,932	11,006,227	10,636,594	10,042,853	9,410,517	8,682,157	8,130,105	7,826,218	7,447,840	6,920,027	6,855,898	6,829,644	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,608,307	1,882,049	2,142,964	2,126,974	2,056,051	2,333,994	2,660,715	2,363,668	1,916,434	1,892,795	1,571,024	1,366,463	971,918	918,842	844,056	998,408	844,336	986,946	1,072,879	1,143,395	1,043,756	1,228,190	1,180,183	987,655	868,837	923,017	886,894	883,147	729,784	779,459	794,003	689,201	613,605	799,025	816,522	769,741	902,825	1,058,668	910,796	811,100	720,600	772,873	773,127	753,713	643,256	713,689	732,522	792,007	739,513	840,387	864,696	890,222	659,500	685,358	664,127	774,682	563,616	573,152	490,648	455,314	589,253	1,122,648	1,234,610	899,916	714,123	491,457	442,124	421,978	408,376	403,199	354,291	260,895	241,708	218,625	239,367	267,793	253,861	247,752	199,154	164,596	126,023	117,118	112,239	121,945	118,479	92,653	89,622	86,328	81,879	97,491	104,197	105,512	102,986	109,359	115,458	103,929	86,600	83,400	75,400	65,800	65,900	66,900	46,500	45,800	44,700	42,100	37,000	41,300	32,500	-	-	-	100	-	-	-
Net Tangible Assets	0	8,150,219	8,127,719	7,760,146	7,360,783	7,242,976	6,854,985	6,450,997	5,555,461	4,850,721	4,254,884	4,118,889	3,721,975	3,575,503	3,532,924	3,491,761	3,438,632	3,409,744	3,421,656	3,354,010	3,346,338	3,405,545	3,106,792	2,945,931	2,819,012	2,564,090	2,532,921	2,478,126	2,360,932	2,400,576	2,176,086	2,175,149	2,129,637	1,992,432	1,953,085	1,936,269	1,806,040	1,970,978	1,920,507	1,580,781	1,494,214	1,430,607	1,379,086	1,360,260	1,321,479	1,267,602	1,256,184	1,220,767	1,174,635	1,140,087	1,093,386	961,182	851,955	838,263	819,624	0	696,499	666,624	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,455,530	5,310,222	5,637,020	5,742,014	5,605,722	5,682,048	5,554,138	5,058,989	4,673,654	3,933,283	3,412,864	3,235,717	2,999,660	2,679,267	2,900,694	3,111,248	3,246,327	3,015,045	3,097,865	3,025,800	3,013,520	3,081,812	2,759,078	2,791,502	2,639,823	2,505,616	2,455,765	2,363,518	2,216,860	2,342,531	2,271,233	2,101,187	2,002,651	1,973,937	1,892,804	1,833,891	2,123,183	1,888,596	1,916,963	1,576,923	1,498,456	1,431,113	1,372,240	1,634,254	1,686,548	1,656,825	1,438,895	1,404,989	1,354,841	1,778,760	1,703,013	1,587,476	1,438,686	1,414,570	1,355,818	1,294,742	861,242	829,889	813,142	637,161	738,934	901,065	1,232,029	917,562	791,703	617,368	646,151	599,303	636,707	641,850	702,875	614,127	518,556	475,922	520,880	470,446	444,311	489,346	349,888	289,563	254,631	198,439	190,211	186,556	197,353	129,053	182,064	167,556	194,093	78,087	177,970	164,298	165,915	183,876	186,550	156,807	155,200	168,600	145,300	146,200	162,100	122,600	99,100	68,700	58,800	73,900	60,600	53,400	-	-	-	-	-	-	-	-
Non Current Assets Total	8,194,967	7,700,357	7,155,342	6,657,200	6,521,966	6,234,254	5,955,204	5,907,002	5,630,211	5,548,413	5,422,222	5,230,990	5,007,115	4,762,661	4,452,221	4,201,955	4,022,740	3,922,927	3,834,313	3,828,343	3,670,906	3,666,891	3,686,857	3,320,571	3,347,390	3,388,592	3,418,473	3,459,070	3,494,057	3,650,918	3,579,219	3,617,409	3,664,141	4,190,746	4,235,371	4,283,613	4,337,262	4,648,147	3,355,016	3,385,503	3,459,372	3,488,990	3,493,821	3,507,633	3,519,191	3,513,292	3,513,036	3,516,770	3,523,968	3,507,254	3,526,594	3,550,485	3,589,931	3,600,437	3,635,689	3,647,369	3,673,069	3,640,188	3,580,281	3,559,268	3,543,662	3,479,104	3,416,051	2,894,070	2,823,224	1,805,155	1,349,333	1,240,660	1,210,820	1,194,064	1,188,352	1,023,264	1,031,954	1,037,384	1,051,683	1,054,146	1,056,100	1,047,531	1,055,521	1,046,844	1,040,504	1,009,375	997,488	990,155	964,793	970,351	921,007	898,609	867,894	839,934	825,560	823,308	824,461	814,086	795,553	784,364	765,800	753,500	741,500	725,700	684,800	652,100	613,400	561,800	505,600	467,900	435,300	405,800	364,900	-	-	-	298,500	-	-	-
Non Current Liabilities Other	180,760	182,161	175,073	180,321	129,539	112,327	95,929	120,918	120,087	117,367	136,189	113,125	106,479	94,011	73,237	72,004	75,055	70,126	70,196	63,171	8,870	11,833	18,330	20,257	21,811	20,305	20,781	19,711	20,649	20,751	19,544	19,302	16,595	16,405	16,147	15,936	18,839	24,922	22,356	22,843	23,376	22,898	20,324	19,947	19,173	18,564	81,795	82,613	82,278	77,391	63,794	62,944	62,159	62,145	61,594	0	60,006	68,411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,810,970	4,152,288	4,127,393	4,092,791	4,031,883	3,981,097	3,960,452	3,987,817	3,983,694	3,858,762	3,804,734	3,731,510	3,658,549	3,243,129	3,212,993	3,207,264	3,204,212	2,893,617	2,883,897	2,864,685	2,797,197	2,762,626	2,746,176	2,688,696	2,680,905	2,833,187	2,834,757	2,827,881	2,822,218	3,041,747	3,025,846	3,011,089	2,995,341	3,208,898	3,203,475	3,194,411	3,538,578	3,498,754	2,312,769	2,328,096	2,345,459	2,362,315	2,350,590	2,635,883	2,729,083	2,737,289	2,520,371	2,515,274	2,508,215	2,938,984	2,918,119	2,910,267	2,897,488	2,911,331	2,893,908	2,884,216	2,531,046	2,481,994	2,468,940	2,657,485	2,650,283	2,631,836	2,648,224	2,184,062	2,074,693	1,341,588	810,460	613,814	614,995	661,527	664,544	664,512	669,524	694,706	789,600	683,122	650,820	717,499	700,934	705,155	707,289	648,192	641,251	637,083	635,854	602,499	634,503	617,215	638,643	490,282	575,770	563,566	567,503	581,668	565,827	529,744	527,800	544,900	520,500	517,800	495,800	430,900	374,300	286,300	226,800	211,700	200,900	179,900	196,100	-	-	-	221,000	-	-	-
Non Currrent Assets Other	518,047	643,675	620,244	403,303	307,449	-502,682	-523,621	337,769	129,601	137,016	130,100	117,062	119,743	119,192	100,031	101,571	106,038	100,685	104,306	97,419	25,166	25,770	26,395	26,606	27,684	27,940	29,494	30,233	29,514	31,011	33,624	34,823	36,501	83,283	87,670	89,878	97,529	94,047	76,439	78,152	115,083	120,742	124,584	129,476	132,816	134,363	129,000	131,543	134,264	131,867	132,178	133,278	135,683	132,956	133,405	128,125	127,250	119,880	98,406	86,961	85,581	74,517	73,419	166,599	145,597	47,636	37,555	35,807	30,925	32,087	31,588	32,758	31,985	32,833	33,571	31,948	32,056	32,833	37,516	39,776	39,388	37,839	38,249	38,787	35,455	34,643	36,453	26,071	15,833	15,437	16,811	16,972	17,139	19,198	20,915	24,095	23,000	26,400	27,600	30,000	28,900	31,300	30,900	29,900	13,700	13,500	25,000	25,400	25,600	-	-	-	24,300	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	-214,226	-216,419	0	-208,354	-207,761	-214,094	-195,884	-171,806	-166,176	-157,209	-155,552	-157,798	-157,742	-158,601	-154,593	-155,900	-156,139	-158,583	-159,082	-158,931	-158,462	-158,582	-156,506	-154,944	-152,698	-151,712	-149,561	-140,555	-137,571	-136,043	-134,616	-130,451	-128,685	-121,324	0	-66,435	-62,867	-56,299	0	0	0	0	0	0	0	0	0	0	0	37,003	38,259	12,037	13,618	0	14,997	16,149	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Assets	0	643,675	620,244	403,303	268,089	359,468	335,286	337,769	129,601	137,016	130,100	117,062	119,743	119,192	100,031	101,571	30,862	25,842	26,438	25,200	25,166	25,770	26,395	662,634	671,486	679,815	688,752	698,526	706,842	722,692	693,375	703,223	712,931	1,177,087	1,187,970	1,198,026	1,213,356	1,227,493	1,178,009	1,188,000	1,233,238	1,247,923	1,260,969	1,275,220	1,287,993	1,299,589	1,304,376	1,317,261	1,330,223	1,338,810	1,350,280	1,362,787	1,376,598	1,386,332	1,397,762	1,406,994	1,419,019	1,425,190	1,435,921	1,450,611	1,470,805	1,481,609	1,499,648	1,173,794	1,171,127	446,951	100,155	78,746	74,117	75,531	74,643	32,758	31,985	32,833	33,571	31,948	32,056	32,833	37,516	39,776	39,388	37,839	38,249	38,787	35,455	34,643	36,453	26,071	15,833	15,437	16,811	16,972	17,139	19,198	20,915	24,095	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Current Assets	162,790	138,605	122,025	127,022	195,371	99,210	90,144	79,624	209,591	104,106	98,509	67,744	74,363	59,219	39,043	45,351	76,012	50,818	61,248	52,628	72,730	50,110	39,927	38,705	91,509	59,648	37,188	33,442	83,197	30,121	28,072	41,258	47,914	28,744	32,004	34,846	55,655	29,263	23,216	24,363	25,167	25,126	33,028	23,644	19,576	24,107	15,816	15,029	15,229	18,646	15,164	18,913	19,243	21,451	14,844	12,091	9,856	14,820	22,017	35,725	57,632	61,977	67,566	62,522	38,795	27,264	31,493	10,593	15,167	14,705	21,853	13,300	13,307	22,780	13,439	7,726	18,980	15,383	18,105	15,839	8,769	11,433	8,372	5,859	8,322	3,283	3,904	3,996	9,116	9,322	19,352	4,930	22,698	20,578	10,058	12,780	15,900	28,000	19,900	24,500	24,900	16,800	24,300	23,200	21,800	19,600	1,200	1,000	1,500	-	-	-	1,600	-	-	-
Other Current Liab	757,452	741,798	614,405	635,128	957,724	86,648	783,928	808,698	849,640	698,629	494,616	392,322	-133,850	377,718	339,568	349,454	403,998	394,496	328,449	330,665	8,311	423,861	364,519	288,476	44,327	355,185	291,918	347,524	-134,388	340,122	299,910	236,701	235,255	259,904	216,815	210,645	293,066	269,561	210,771	190,541	218,702	192,455	181,278	172,473	219,949	198,072	186,363	209,978	242,099	253,918	213,435	235,014	217,362	220,683	184,621	243,366	165,094	193,535	145,894	189,286	276,365	31,614	63,728	98,479	25,870	31,739	26,365	85,347	156,898	33,846	102,911	63,041	82,963	65,993	61,679	50,479	55,710	80,378	72,584	53,713	57,990	4,935	47,696	43,971	55,420	47,068	45,379	30,003	11,101	33,272	30,592	31,629	31,666	29,067	28,082	29,714	25,000	23,900	18,400	17,800	19,200	18,100	15,100	11,800	15,700	14,900	12,400	10,300	9,200	-	-	-	6,700	-	-	-
Other Liab	0	1,143,278	1,116,564	1,078,433	926,849	968,977	949,336	977,708	974,992	839,587	788,248	715,310	536,288	512,503	503,034	489,248	501,327	480,428	467,229	454,043	444,708	410,647	394,049	20,257	21,811	20,305	20,781	19,711	20,649	20,751	19,544	19,302	16,595	16,405	16,147	15,936	18,839	24,922	22,356	22,843	23,376	22,898	20,324	19,947	19,173	18,564	81,795	82,613	82,278	77,391	63,794	62,944	62,159	62,145	61,594	60,957	60,006	68,411	67,095	65,759	65,626	63,027	44,003	39,705	38,540	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	21,987	21,987	21,987	21,987	21,987	21,987	21,987	21,987	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Stockholder Equity	-4,679,996	-4,296,089	-3,975,588	-3,606,434	-3,246,947	-2,826,608	-2,353,012	-1,846,474	-1,455,334	-1,125,039	-796,062	-411,921	-416,355	-423,577	-432,025	-441,002	2,644,720	-293,527	-186,574	-101,568	2,715,309	302,462	370,174	412,171	2,965,841	497,253	589,925	660,820	2,995,694	740,314	733,469	722,661	2,840,290	708,359	703,178	692,088	2,570,670	676,775	660,103	375,736	2,080,845	342,407	332,097	326,897	1,847,769	313,378	312,605	310,019	1,661,320	297,446	293,212	284,849	1,464,397	261,348	256,156	249,601	1,271,146	236,246	227,696	-174,911	-196,044	534,520	235,464	61,654	813,368	323,528	515,216	636,554	729,986	653,712	810,222	643,751	619,339	531,283	536,615	639,867	704,207	673,669	665,383	660,015	649,226	572,789	568,894	567,529	566,369	510,153	510,754	508,840	485,132	438,103	440,557	438,928	442,558	432,464	433,803	436,176	424,200	412,900	402,900	392,900	384,700	377,500	372,200	378,600	372,800	367,400	331,900	326,500	304,400	-	-	-	92,900	-	-	-
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	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	10,932,914	0	0	0	9,224,683	0	0	0	0	0	4,526,892	4,340,411	4,105,569	3,862,375	3,587,450	3,327,605	3,135,886	3,031,731	2,947,243	2,936,893	2,945,767	2,901,658	2,909,033	2,657,937	2,675,904	2,708,777	2,729,721	2,760,544	2,787,215	2,928,226	2,885,844	2,914,186	2,951,210	3,013,659	3,047,401	3,085,587	3,123,906	3,420,654	2,177,007	2,197,503	2,226,134	2,241,067	2,232,852	2,232,413	2,231,198	2,213,703	2,208,660	2,199,509	2,193,745	2,168,444	2,176,314	2,187,698	2,213,333	2,214,105	2,237,927	2,240,375	2,254,050	2,214,998	2,144,360	2,108,657	2,072,857	1,997,495	1,916,403	1,720,276	1,652,097	1,358,204	1,249,178	1,161,914	1,136,703	1,118,533	1,113,709	990,506	999,969	1,004,551	1,018,112	1,022,198	1,024,044	1,014,698	1,018,005	1,007,068	1,001,116	971,536	959,239	951,368	929,338	935,708	884,554	872,538	852,061	824,497	808,749	806,336	807,322	794,888	774,638	760,269	742,800	727,100	713,900	695,700	655,900	620,800	582,500	531,900	491,900	454,400	410,300	380,400	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	6,861,717	6,313,366	5,783,622	5,491,201	5,373,665	5,146,606	4,886,555	4,827,962	4,751,430	4,654,192	4,526,892	4,340,411	4,105,569	3,862,375	3,587,450	3,327,605	3,135,886	3,031,731	2,947,243	2,936,893	2,945,767	2,901,658	2,909,033	2,657,937	2,675,904	2,708,777	2,729,721	2,760,544	2,787,215	2,928,226	2,885,844	2,914,186	2,951,210	3,013,659	3,047,401	3,085,587	3,123,906	3,420,654	2,177,007	2,197,503	2,226,134	2,241,067	2,232,852	2,232,413	2,231,198	2,213,703	2,208,660	2,199,509	2,193,745	2,168,444	2,176,314	2,187,698	2,213,333	2,214,105	2,237,927	2,240,375	2,254,050	2,214,998	2,144,360	2,108,657	2,072,857	1,997,495	1,916,403	1,720,276	1,652,097	1,358,204	1,249,178	1,161,914	1,136,703	1,118,533	1,113,709	990,506	999,969	1,004,551	1,018,112	1,022,198	1,024,044	1,014,698	1,018,005	1,007,068	1,001,116	971,536	959,239	951,368	929,338	935,708	884,554	872,538	852,061	824,497	808,749	806,336	807,322	794,888	774,638	760,269	742,800	727,100	713,900	695,700	655,900	620,800	582,500	531,900	491,900	454,400	410,300	380,400	339,300	-	-	-	274,200	-	-	-
Property Plant Equipment	0	6,313,366	5,783,622	5,491,201	5,484,303	5,146,606	4,886,555	4,827,962	4,751,430	4,654,192	4,526,892	4,340,411	4,105,569	3,862,375	3,587,450	3,327,605	3,135,886	3,031,731	2,947,243	2,936,893	2,945,767	2,901,658	2,909,033	2,657,937	2,675,904	2,708,777	2,729,721	2,760,544	2,787,215	2,928,226	2,885,844	2,914,186	2,951,210	3,013,659	3,047,401	3,085,587	3,123,906	3,420,654	2,177,007	2,197,503	2,226,134	2,241,067	2,232,852	2,232,413	2,231,198	2,213,703	2,208,660	2,199,509	2,193,745	2,168,444	2,176,314	2,187,698	2,213,333	2,214,105	2,237,927	2,240,375	2,254,050	2,214,998	2,144,360	2,108,657	2,072,857	1,997,495	1,916,403	1,720,276	1,652,097	1,358,204	1,249,178	1,161,914	1,136,703	1,118,533	1,113,709	990,506	999,969	1,004,551	1,018,112	1,022,198	1,024,044	1,014,698	1,018,005	1,007,068	1,001,116	971,536	959,239	951,368	929,338	935,708	884,554	872,538	852,061	824,497	808,749	806,336	807,322	794,888	774,638	760,269	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Retained Earnings	13,545,590	13,189,468	12,681,894	11,940,621	11,375,765	10,799,863	9,945,710	8,800,883	7,761,417	6,721,734	5,783,184	5,134,398	4,758,969	4,624,019	4,576,629	4,553,882	4,419,296	4,349,523	4,250,419	4,109,034	3,958,320	3,730,662	3,376,163	3,057,904	2,874,693	2,606,831	2,490,373	2,373,718	2,210,459	2,224,963	2,101,729	1,993,910	1,965,291	2,250,901	2,223,599	2,225,354	2,227,843	2,300,660	2,237,147	2,192,413	2,179,513	2,149,389	2,116,262	2,111,597	2,087,620	2,049,011	2,058,108	2,035,569	2,011,801	2,003,486	1,982,051	1,905,207	1,821,133	1,829,659	1,827,194	1,794,247	1,745,511	1,735,060	1,682,208	1,714,310	1,820,385	1,921,240	1,746,544	1,555,860	1,432,196	1,348,576	1,261,085	1,180,700	1,093,271	1,002,668	898,522	811,581	744,344	683,688	642,629	596,331	540,235	462,671	356,508	289,216	257,254	240,505	231,314	225,884	210,106	180,728	151,597	133,869	132,229	137,543	135,421	133,468	129,085	121,981	109,599	90,540	75,300	61,500	51,000	38,800	35,900	27,800	19,300	11,800	4,200	-4,200	-9,600	-25,200	-39,800	-	-	-	-29,900	-	-	-
Retained Earnings Total Equity	0	0	12,681,894	11,940,621	0	10,799,863	9,945,710	8,800,883	7,761,417	6,721,734	5,783,184	5,134,398	4,758,969	4,624,019	4,576,629	4,553,882	4,419,296	4,349,523	4,250,419	4,109,034	3,958,320	3,730,662	3,376,163	3,057,904	2,874,693	2,606,831	2,490,373	2,373,718	2,210,459	2,224,963	2,101,729	1,993,910	1,965,291	2,250,901	2,223,599	2,225,354	2,227,843	2,300,660	2,237,147	2,192,413	2,179,513	2,149,389	2,116,262	2,111,597	2,087,620	2,049,011	2,058,108	2,035,569	2,011,801	2,003,486	1,982,051	1,905,207	1,821,133	1,829,659	1,827,194	0	1,745,511	1,735,060	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	459,987	86,061	56,869	46,452	57,334	22,951	37,130	68,390	97,174	55,056	93,505	81,226	86,894	82,229	73,926	70,106	89,356	82,150	72,131	80,958	24,234	14,776	18,266	9,646	28,795	2,534,144	19,971	2,965	3,632	16,155	18,047	0	16,680	0	0	0	46,460	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,199,206	3,095,071	3,067,698	3,060,810	3,070,575	3,035,071	3,048,246	3,078,499	3,105,876	3,074,231	3,109,991	3,097,426	3,102,676	2,718,844	2,710,648	2,716,118	2,734,344	2,437,393	2,428,048	2,435,385	2,376,723	2,366,755	2,370,393	2,363,349	2,381,940	2,534,144	2,374,308	2,356,709	2,356,826	2,586,992	2,591,233	2,598,298	2,594,656	2,647,403	2,654,649	2,654,171	3,024,166	3,061,852	1,803,889	2,098,750	2,107,589	2,108,960	2,098,484	2,300,796	2,202,237	2,204,039	2,368,009	2,371,652	2,380,100	2,380,260	2,379,345	2,379,496	2,386,821	2,417,876	2,408,020	2,406,197	2,222,754	2,137,208	2,144,941	2,514,464	2,650,384	2,875,987	2,536,593	2,017,912	2,029,845	1,201,469	769,949	453,379	438,878	432,329	398,531	433,916	440,575	476,873	573,412	469,176	448,379	551,001	568,287	603,854	607,574	547,098	550,342	552,057	555,450	549,738	551,675	545,671	599,924	534,256	540,402	519,903	532,520	555,566	547,079	507,329	506,000	515,800	500,500	504,500	483,900	414,400	353,000	259,600	219,500	203,600	205,400	206,400	207,400	-	-	-	223,100	-	-	-
Short Term Debt	480,990	86,061	56,869	46,452	57,334	22,951	37,130	68,390	97,174	55,056	93,505	81,226	86,894	82,229	73,926	70,106	89,356	82,150	72,131	80,958	24,234	14,776	18,266	9,646	28,795	182,661	19,971	2,965	3,632	16,155	18,047	22,770	16,680	31,584	35,075	30,727	46,460	131,858	61,761	343,722	341,544	335,341	324,241	231,582	29,631	30,114	439,912	439,633	444,078	1,210	1,552	1,216	8,924	8,438	6,341	6,333	168,182	86,145	115,049	296,450	431,223	640,203	266,808	212,477	295,162	152,683	215,699	95,693	80,686	30,772	649	1,072	2,156	7,621	8,572	8,846	6,774	2,277	5,000	16,077	15,988	14,889	13,837	12,936	11,913	27,576	5,888	8,870	46,033	93,726	15,295	7,679	17,044	19,010	15,501	9,596	8,000	6,500	7,700	7,000	6,900	6,800	6,400	6,300	6,100	6,100	5,900	29,000	11,200	-	-	-	2,100	-	-	-
Short Term Investments	721,210	500,844	611,701	714,769	628,215	583,211	351,005	351	0	0	0	0	0	0	69,546	219,193	262,174	69,529	114,154	173,723	228,783	115,000	90,000	40,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,520	0	9,998	64,982	84,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Total Assets	14,982,793	14,928,956	14,551,397	14,219,760	14,159,984	14,047,698	13,711,214	13,056,637	12,531,234	11,535,985	10,687,331	10,127,896	9,265,562	8,617,556	8,468,341	8,344,923	8,275,765	7,943,247	7,857,914	7,857,233	7,703,563	7,798,368	7,504,521	6,972,813	6,855,732	6,960,737	6,670,130	6,704,035	6,423,732	6,787,562	6,629,676	6,391,642	6,202,082	6,842,541	6,826,763	6,735,838	7,311,027	7,578,283	5,985,202	5,913,857	5,933,006	5,874,305	5,735,910	5,956,574	5,815,416	5,775,516	5,971,380	6,043,627	5,979,226	6,003,481	5,900,453	5,827,605	5,589,934	5,610,459	5,545,805	5,582,122	5,129,872	5,108,964	4,881,812	4,926,079	5,253,577	6,054,879	6,043,589	4,821,612	4,519,453	3,095,301	2,575,886	2,341,392	2,247,017	2,208,803	2,164,473	1,881,619	1,757,687	1,698,108	1,735,961	1,736,447	1,733,619	1,765,013	1,603,954	1,534,786	1,448,439	1,340,316	1,311,130	1,295,965	1,275,696	1,232,015	1,199,908	1,155,574	1,180,098	1,088,473	1,092,807	1,065,032	1,067,074	1,075,663	1,062,478	1,036,156	991,600	986,800	954,500	946,000	907,500	856,100	787,200	701,700	640,900	598,500	552,600	542,800	522,300	-	-	-	320,700	-	-	-
Total Current Assets	6,787,826	7,228,599	7,396,055	7,562,560	7,638,018	7,813,444	7,756,010	7,149,635	6,901,023	5,987,572	5,265,109	4,896,906	4,258,447	3,854,895	4,016,120	4,142,968	4,253,025	4,020,320	4,023,601	4,028,890	4,032,657	4,131,477	3,817,664	3,652,242	3,508,342	3,572,145	3,251,657	3,244,965	2,929,675	3,136,644	3,050,457	2,774,233	2,537,941	2,651,795	2,591,392	2,452,225	2,973,765	2,930,136	2,630,186	2,528,354	2,473,634	2,385,315	2,242,089	2,448,941	2,296,225	2,262,224	2,458,344	2,526,857	2,455,258	2,496,227	2,373,859	2,277,120	2,000,003	2,010,022	1,910,116	1,934,753	1,456,803	1,468,776	1,301,531	1,366,811	1,709,915	2,575,775	2,627,538	1,927,542	1,696,229	1,290,146	1,226,553	1,100,732	1,036,197	1,014,739	976,121	858,355	725,733	660,724	684,278	682,301	677,519	717,482	548,433	487,942	407,935	330,941	313,642	305,810	310,903	261,664	278,901	256,965	312,204	248,539	267,247	241,724	242,613	261,577	266,925	251,792	225,800	233,300	213,000	220,300	222,700	204,000	173,800	139,900	135,300	130,600	117,300	137,000	157,400	-	-	-	22,200	-	-	-
Total Current Liabilities	2,332,296	1,918,377	1,759,035	1,820,546	2,032,296	2,131,396	2,201,872	2,090,646	2,227,369	2,054,289	1,852,245	1,661,189	1,258,787	1,175,628	1,115,426	1,031,720	1,006,698	1,005,275	925,736	1,003,090	1,019,137	1,049,665	1,058,586	860,740	868,519	1,066,529	795,892	881,447	712,815	794,113	779,224	673,046	535,290	677,858	698,588	618,334	850,582	1,041,540	713,223	951,431	975,178	954,202	869,849	814,687	609,677	605,399	1,019,449	1,121,868	1,100,417	717,467	670,846	689,644	561,317	595,452	554,298	640,011	595,561	638,887	488,389	729,650	970,981	1,674,710	1,395,509	1,009,980	904,526	672,778	580,402	501,429	399,490	372,889	273,246	244,228	207,177	184,802	163,398	211,855	233,208	228,136	198,545	198,379	153,304	132,502	123,431	119,254	113,550	132,611	96,837	89,409	118,111	170,452	89,277	77,426	76,698	77,701	80,375	94,985	70,600	64,700	67,700	74,100	60,600	81,400	74,700	71,200	76,500	56,700	56,700	83,600	61,600	-	-	-	36,700	-	-	-
Total Liab	6,143,266	6,070,665	5,886,428	5,913,337	6,064,179	6,112,493	6,162,324	6,078,463	6,211,063	5,913,051	5,656,979	5,392,699	4,917,336	4,418,757	4,328,419	4,238,984	4,210,910	3,898,892	3,809,633	3,867,775	3,816,334	3,812,291	3,804,762	3,549,436	3,549,424	3,899,716	3,630,649	3,709,328	3,535,033	3,835,860	3,805,070	3,684,135	3,530,631	3,886,756	3,902,063	3,812,745	4,389,160	4,540,294	3,025,992	3,279,527	3,320,637	3,316,517	3,220,439	3,450,570	3,338,760	3,342,688	3,539,820	3,637,142	3,608,632	3,656,451	3,588,965	3,599,911	3,458,805	3,506,783	3,448,206	3,524,227	3,126,607	3,120,881	2,957,329	3,387,135	3,621,264	4,306,546	4,043,733	3,194,042	2,979,219	2,014,366	1,390,862	1,115,243	1,014,485	1,034,416	937,790	908,740	876,701	879,508	952,998	894,977	884,028	945,635	899,479	903,534	860,593	780,694	764,682	756,337	749,404	735,110	731,340	706,624	756,754	660,734	665,047	640,992	644,201	659,369	646,202	624,729	598,400	609,600	588,200	591,900	556,400	512,300	449,000	357,500	303,300	268,400	257,600	263,500	257,700	-	-	-	257,700	-	-	-
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	-	-	-	-	-	-	-	-
Total Stockholder Equity	8,866,666	8,893,535	8,707,983	8,336,637	8,130,357	7,971,156	7,588,348	6,964,354	6,304,641	5,607,926	5,020,114	4,728,792	4,345,164	4,201,183	4,145,250	4,113,526	4,075,834	4,056,641	4,064,490	4,008,111	3,935,071	4,033,768	3,746,981	3,470,719	3,351,574	3,104,725	3,080,939	3,035,179	2,927,020	2,965,917	2,835,837	2,717,210	2,679,727	2,959,896	2,927,413	2,918,077	2,913,015	2,978,084	2,897,897	2,568,795	2,547,323	2,492,437	2,448,999	2,439,133	2,405,465	2,363,025	2,371,349	2,346,224	2,315,941	2,301,568	2,275,899	2,190,691	2,092,870	2,091,639	2,083,981	2,044,478	1,988,268	1,971,934	1,910,530	1,538,944	1,623,886	1,739,394	1,987,552	1,616,057	1,529,196	1,079,959	1,184,155	1,225,106	1,231,108	1,172,573	1,224,936	971,522	879,868	817,656	781,928	838,882	847,122	817,104	702,652	629,990	587,233	558,482	545,394	538,599	521,660	492,099	463,569	443,925	418,575	422,789	423,121	419,538	418,784	412,627	412,254	406,843	391,400	377,200	366,300	354,100	351,100	343,800	338,200	344,200	337,600	330,100	295,000	279,300	264,600	-	-	-	63,000	-	-	-
Treasury Stock	0	0	0	0	0	0	0	-3,050,497	-2,674,267	-2,344,477	-2,006,895	-1,614,866	-1,623,747	-1,623,805	-1,623,855	-1,624,808	-1,525,113	-1,469,078	-1,354,157	-1,261,837	-1,184,243	-854,052	-779,088	-730,700	-665,297	-650,210	-551,125	-475,072	-416,829	-392,051	-392,050	-392,348	-396,455	-396,473	-396,491	-396,517	-398,898	-398,818	-398,818	-716,545	-718,529	-718,373	-718,373	-719,076	-720,479	-720,479	-720,481	-721,024	-722,653	-725,849	-725,849	-725,849	-727,624	-727,624	-727,624	-728,489	-730,857	-730,857	-730,862	-734,083	-737,319	-720,835	-348,303	-501,432	-457,368	-661,427	-464,405	-332,019	-230,472	-250,062	-88,914	-262,241	-270,905	-270,905	-264,565	-160,841	-84,141	-28,719	-28,908	-28,908	-28,670	-29,065	-29,065	-29,065	-28,889	-28,889	-28,889	-28,889	-46,526	-46,526	-46,526	-46,526	-46,526	-45,406	-33,358	-19,650	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Warrants	0	0	171,212	186,205	0	172,403	168,303	227,914	211,414	186,814	176,414	163,614	158,614	155,414	152,414	151,014	143,614	143,614	139,930	139,930	111,240	111,240	111,240	111,240	111,240	111,240	111,240	111,240	111,240	126,340	126,340	126,340	126,340	126,340	125,972	126,340	8,852	126,340	124,180	121,834	65,046	65,351	66,472	66,871	71,191	69,803	60,211	60,261	54,653	45,462	35,589	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,628,417	1,249,369	1,374,122	1,387,397	834,423	1,035,085	841,483	727,032	361,363	395,156	375,917	390,761	186,513	9,008	16,233	28,486	29,373	65,518	16,334	65,430	24,218	78,241	10,184	16,615	5,200	8,600	57,500	6,900	28,100
Capital Expenditures	1,657,905	908,902	1,006,239	1,198,055	451,945	239,390	164,935	198,160	114,501	111,785	186,843	223,525	167,007	133,394	330,052	412,497	395,198	128,618	63,386	102,046	137,269	142,600	90,714	110,379	126,700	194,100	175,200	83,700	224,400
Cash And Cash Equivalents Changes	0	0	-124,753	-13,275	552,974	-200,662	187,166	114,451	365,669	-33,793	19,239	-14,844	204,248	177,505	-7,225	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-2,491	-1,547	13,735	-3,475	4,188	12,053	3,284	3,064	13,705	-1,337	5,683	-15,335	1,241	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-227,530	384,550	-124,753	-13,275	552,974	-200,662	187,166	114,451	365,669	-33,793	19,239	-14,844	289,078	177,505	-7,225	-12,253	-887	-36,145	49,184	-49,096	41,212	-54,023	68,057	-6,431	11,400	244,700	40,700	185,400	202,600
Change In Working Capital	517,099	102,078	-1,766,813	-63,374	296,543	-261,433	-279,555	-42,363	537,277	13,623	-128,818	3,580	-53,663	-258,580	124,964	79,572	-122,029	-115,269	-24,305	-242,219	-2,673	-53,294	17,721	-19,281	19,100	-123,500	13,100	-68,100	-3,300
Change Receivables	0	0	-944,516	-111,920	237,805	-145,873	-139,054	-106,617	311,302	-2,191	-78,237	85,977	-100,602	-196,556	72,159	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	446,765	-110,560	-944,516	-111,920	237,805	-145,873	-139,054	-106,617	311,302	-2,191	-78,237	85,977	-100,602	-196,556	72,159	310,985	57,653	-72,277	12,153	-127,838	0	0	21,107	0	0	0	0	0	0
Change To Inventory	232,282	413,262	-1,685,834	-150,596	217,866	-246,213	-242,883	-115,575	488,003	68,730	-108,025	13,845	-85,523	-261,110	175,183	-18,667	-119,577	-66,240	-17,196	-196,992	-31,292	-34,836	-11,623	-3	20,000	-66,500	5,700	-52,300	-13,600
Change To Liabilities	0	-289,042	557,735	200,689	-172,863	134,128	98,194	167,776	-275,075	-61,541	42,657	-96,056	130,704	213,206	-127,293	0	0	12,647	0	90,893	38,799	27,787	7,068	0	0	0	0	0	0
Change To Netincome	0	111,449	409,230	153,789	100,765	103,899	-85,634	239,017	361,544	254,535	47,631	75,768	47,794	74,805	111,024	0	0	13,974	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	56,795	411,723	-15,918	-60,588	66,278	40,023	87,220	-59,963	39,726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	437,804	384,202	347,653	325,789	321,082	317,198	298,999	296,109	294,595	263,325	230,928	225,216	222,607	224,698	221,426	208,752	138,136	114,812	91,865	84,749	69,110	59,443	46,794	45,443	39,300	30,700	24,100	19,400	900
Dividends Paid	271,317	237,163	212,968	209,248	200,271	168,913	145,565	135,767	127,569	105,379	94,812	87,633	81,882	64,969	68,672	71,288	55,642	37,545	18,276	7,452	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,400,887	1,633,919	1,249,369	1,374,122	1,387,397	834,423	1,028,649	841,483	727,032	361,363	395,156	375,917	475,591	186,513	9,008	16,233	28,486	29,373	65,518	16,334	65,430	24,218	78,241	10,184	16,600	253,300	98,200	192,300	230,700
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	1,862,023	3,551,501	1,197,897	-211,023	944,345	1,176,079	574,671	654,609	923,982	505,787	125,332	222,779	319,348	35,913	115,504	362,803	33,005	276,334	247,370	145,873	-9,663	-27,578	-23,341	-7,587	-11,900	-245,200	-89,500	-135,300	-243,400
Investments	-1,704,347	-1,879,269	-999,420	262,174	-33,391	-228,783	-139,105	-312,893	-228,783	0	31,520	53,310	-84,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-42,218	-5,446	345,829	309,810	-9,884	10,127	-255,090	-405,212	1,164,299	-100,208	-222,774	-4,606	-6,707	-13,972	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,450,882	3,879,492	3,246,814	570,828	677,900	1,255,805	805,796	360,006	-145,170	91,650	163,516	142,281	265,692	129,599	-8,184	463,386	394,566	396,707	221,785	295,314	47,148	77,877	3,144	53,795	39,400	31,700	51,600	-2,600	-19,900
Other Cashflows From Financing Activities	-51,725	1,348,959	-50,423	-37,100	-27,561	-18,501	-25,655	-19,098	216,916	1,836,859	472,699	1,076,928	19,853	-1,359	5,000	2,845,900	2,772,635	32,769	-2,088	-1,097	43,443	-40,217	89,391	26,557	22,000	262,900	11,600	-26,000	187,300
Other Cashflows From Investing Activities	0	15,837	6,819	-57,378	-91,350	-427,091	25,830	-114,733	-35,126	-1,635,482	2,478	-21,386	16,000	-15,684	-43,893	2,037	224	311	1,345	55	0	8,813	0	0	0	0	0	0	0
Other Non Cash Items	-3,266	-1,795	-3,240	50,383	1,413	-1,245	14,068	153,515	428,500	260,000	308	8,250	-16,353	12,805	-2,835	-2,611	-3,185	318	-819	2,671	-14,815	5,511	722	2,449	1,900	0	200	-300	3,300
Sale Purchase Of Stock	-1,452,203	-1,800,905	-1,060,632	-106,529	-348,608	-523,569	-252,242	-25,034	9,594	36,982	55,368	41,470	10,103	556,553	1,268,435	-501,777	-533,654	-247,411	-186,764	-55,179	0	-43	0	-26,876	0	-18,400	-1,200	0	0
Stock Based Compensation	61,744	59,240	57,715	55,598	47,631	43,317	36,197	31,656	22,604	14,016	15,504	12,449	17,283	14,688	17,589	14,278	8,073	8,862	0	0	0	0	0	0	0	0	3,000	0	0
Total Cash From Financing Activities	-1,777,134	-2,196,584	-1,329,469	-7,048	-266,630	-720,867	-413,335	-425,425	-523,187	1,095,902	-140,091	-269,547	-46,270	157,276	-78,836	-118,320	817,539	-223,684	-199,532	-195,024	58,950	-35,259	91,394	176	22,900	244,700	40,700	185,400	202,600
Total Cash From Operating Activities	3,519,928	4,460,403	2,204,136	987,032	1,396,290	1,415,469	739,606	852,769	1,038,483	617,572	312,175	446,304	486,355	169,307	445,556	775,300	428,203	404,952	310,756	247,919	127,606	115,022	67,373	102,792	114,800	-51,100	85,700	-51,600	-19,000
Total Cashflows From Investing Activities	0	-1,879,269	-999,420	-993,259	-576,686	-895,264	-139,105	-312,893	-149,627	-1,747,267	-152,845	-191,601	-235,837	-149,078	-373,945	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
Begin Period Cash Flow	1,765,467	1,480,862	1,610,443	1,633,919	1,425,997	1,012,585	1,195,028	1,249,369	1,101,201	1,119,244	1,250,670	1,374,122	1,273,122	1,502,342	1,240,984	1,387,397	1,151,540	978,779	797,248	834,423	890,139	726,424	991,421	1,035,085	1,101,964	908,843	966,826	841,483	1,051,489	1,052,666	976,951	727,032	473,790	419,401	160,982	361,363	159,591	357,490	342,919	395,156	370,056	243,753	477,861	375,917	287,120	420,938	357,809	390,761	456,694	277,691	160,810	186,513	270,118	191,593	225,506	9,008	8,094	18,217	16,067	16,233	22,135	115,405	58,889	28,486	10,811	12,212	28,332	29,373	20,843	53,948	195,705	65,518	30,604	1,645	3,747	16,334	159,674	38,441	58,294	65,430	21,584	11,928	3,241	24,218	24,173	48,747	32,319	78,241	14,803	18,170	5,520	10,184	4,617	9,677	16,160	16,615	7,100	-8,500	25,800	5,200	58,800	78,900	47,100	8,600	28,000	0	56,500	57,500
Capital Expenditures	514,945	558,361	358,280	226,319	344,201	241,229	164,142	159,330	204,541	214,629	277,206	309,863	343,157	327,647	309,716	217,535	158,258	154,131	85,120	54,436	62,913	70,668	55,203	50,606	37,189	42,795	43,274	41,677	74,992	59,774	35,686	27,708	28,043	30,286	22,821	33,351	28,879	24,531	33,534	24,841	40,099	52,162	49,236	45,346	64,839	58,342	54,789	45,555	75,212	38,126	34,976	18,693	37,526	24,224	40,960	30,684	86,886	95,662	73,166	74,338	101,872	115,636	101,225	93,764	139,353	99,935	101,981	53,929	44,506	35,645	33,882	14,585	18,031	9,068	17,146	19,141	29,174	18,212	30,755	23,905	47,281	28,883	23,670	37,435	17,513	65,890	25,438	33,759	38,615	27,289	14,457	10,353	24,608	30,921	25,644	29,206	27,400	23,200	28,200	47,900	43,100	46,500	57,600	46,900	43,700	50,000	35,200	46,300
Cash And Cash Equivalents Changes	0	0	-129,581	-23,476	0	413,412	-182,443	-54,341	148,168	-18,043	-131,426	-123,452	101,000	-229,220	261,358	-146,413	235,857	172,761	181,531	-37,175	-55,716	163,715	-264,997	-43,664	-73,315	193,121	-57,983	125,343	-210,006	-1,177	75,715	249,919	253,242	54,389	258,419	-200,381	201,772	-197,899	14,571	-52,237	25,100	126,303	-234,108	101,944	88,797	-133,818	63,129	-32,952	-65,933	179,003	116,881	-25,703	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-4,923	7,842	0	-15,789	-12,887	19,402	16,327	-20,361	-4,285	5,828	-7,249	-3,894	11,137	-1,541	6,103	39	7,292	301	3,689	-6,429	-630	-105	5,891	-9,234	5,418	2,113	0	694	10,613	746	-5,510	-3,100	7,386	4,508	288	-4,928	345	7,359	5,291	-1,727	6,783	3,358	3,580	-7,484	-396	2,963	-1,646	1,632	2,315	3,382	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-364,580	290,126	-129,581	-23,476	207,922	413,412	-182,443	-54,341	148,168	-18,043	-131,426	-123,452	101,000	-229,220	261,358	-146,413	235,857	172,761	181,531	-37,175	-55,716	163,715	-264,997	-43,664	-73,315	193,121	-57,983	125,343	-210,006	-1,177	75,715	249,919	253,242	54,389	258,419	-200,381	201,772	-197,899	14,571	-52,237	25,100	126,303	-234,108	101,944	88,797	-133,818	63,129	-32,952	-65,933	179,003	116,881	-25,703	-83,605	78,525	-33,913	216,498	914	-10,123	2,150	-166	-5,902	-93,270	56,516	30,403	17,675	-1,401	-16,120	-1,041	8,530	-33,105	-141,757	130,187	34,914	28,959	-2,102	-12,587	-143,340	121,233	-19,853	-7,136	43,846	9,656	8,687	-20,977	45	-24,574	16,428	-45,922	63,438	-3,367	12,650	-4,664	5,567	-5,060	-6,483	-455	9,500	15,600	-3,900	20,600	68,500	58,800	78,900	38,500	14,900	28,000	-1,200	-1,000
Change In Working Capital	319,370	406,993	-175,940	-33,324	349,320	475,292	-316,294	-406,240	-612,236	-536,894	-271,078	-346,605	-208,345	-71,350	299,642	-83,321	171,280	193,088	63,750	-131,575	111,244	-91,038	-135,548	-146,091	-50,005	-18,435	-158,926	-52,189	-29,889	-56,665	-82,816	128,104	227,878	12,838	186,890	109,671	93,078	93,923	-53,188	-120,190	-45,277	61,598	-60,540	-84,291	93,229	9,043	-7,444	-91,248	8,976	111,992	935	-171,650	-114,145	10,426	-96,590	-58,156	-134,251	5,789	21,312	231,504	419,759	-169,040	-199,206	14,382	-76,684	114,295	-175,085	15,445	-41,229	-6,855	-101,838	34,653	-4,881	74,880	-53,520	-40,784	-103,024	-17,631	-69,026	-52,538	700	3,213	5,394	-11,980	-52,743	-8,567	-7,203	15,219	1,113	20,096	-8,182	4,694	30,229	-746	-42,601	-6,163	18,000	-12,400	-11,100	24,600	-46,800	-38,200	-24,900	-13,600	10,900	-3,400	-9,700	15,300
Change Receivables	0	0	-16,971	-70,922	0	326,731	-297,047	-447,234	-23,639	-321,771	-204,561	-394,545	-53,929	-58,271	154,352	-154,072	142,610	85,633	70,624	-61,062	184,434	-48,024	-163,465	-118,818	54,179	-36,123	-3,746	-153,364	43,193	29,384	-103,598	-75,596	189,006	36,361	-47,149	133,084	155,500	30,955	-99,696	-88,950	52,273	254	-19,826	-110,938	70,373	2,690	73,734	-60,820	93,077	33,533	34,536	-261,748	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	273,743	260,915	-16,971	-70,922	306,990	326,731	-297,047	-447,234	-23,639	-321,771	-204,561	-394,545	-53,929	-58,271	154,352	-154,072	142,610	85,633	70,624	-61,062	184,434	-48,024	-163,465	-118,818	54,179	-36,123	-3,746	-153,364	43,193	29,384	-103,598	-75,596	189,006	36,361	-47,149	133,084	155,500	30,955	-99,696	-88,950	52,273	254	-19,826	-110,938	70,373	2,690	73,734	-60,820	93,077	33,533	34,536	-261,748	31,981	-26,820	21,423	-223,140	53,805	-117,442	-5,297	141,093	432,732	89,664	-211,411	-185,793	57,653	12,544	-20,146	-13,602	-72,277	-48,907	-10,797	-19,187	12,153	20,742	28,426	-13,932	-127,838	-48,598	-34,558	-38,573	0	1,361	9,706	0	0	0	0	0	21,107	5,495	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	43,952	102,376	-55,158	141,112	258,871	270,628	-130,552	14,315	-633,359	-412,952	-264,935	-374,588	-234,386	-38,236	77,521	44,505	77,977	35,479	64,941	39,469	-5,305	-69,885	-90,312	-80,711	-31,157	-67,285	-57,622	-86,819	-13,236	-76,013	-108,893	82,566	170,593	-8,763	161,174	164,999	47,642	27,212	11,230	-17,354	-118,385	-23,648	1,660	32,348	7,143	43,005	18,787	-55,090	-40,736	36,346	-9,026	-72,107	-105,754	9,715	-117,013	-48,058	-17,148	-96,062	95,296	193,097	334,458	-135,430	-227,270	9,575	-1,063	35,212	-96,825	-56,901	-23,383	-29,043	-30,993	17,179	-19,198	42,407	-26,258	-14,147	-95,698	-5,620	-44,181	-51,493	-13,115	2,043	-5,740	-14,480	-17,718	-20,731	-2,399	6,012	-4,121	-522	762	-7,742	20,278	4,709	-12,809	-12,181	8,100	400	3,800	7,700	-10,400	-23,500	-27,000	-5,600	-6,400	3,000	-10,300	19,400
Change To Liabilities	0	-57,532	-98,888	-111,356	-136,279	-264,313	187,521	7,277	85,173	48,726	63,155	416,700	87,219	29,051	56,632	27,787	-55,410	71,937	-79,107	-110,283	-71,574	33,300	118,859	53,543	-78,918	94,207	-102,976	185,881	-59,765	-10,891	118,027	120,405	-129,336	-12,315	64,481	-197,905	-110,478	41,346	31,477	-23,886	15,406	84,980	-50,053	-7,676	10,417	-29,016	-99,895	22,438	-41,719	40,481	-26,890	158,832	113,930	142,863	121,576	174,013	0	3,368	0	0	0	347,776	405,265	115,359	0	114,652	50,465	77,341	12,647	36,847	0	60,079	0	0	0	0	90,893	87,979	58,005	45,933	38,799	18,363	9,190	5,213	27,787	31,124	17,439	9,068	7,068	17,072	14,328	10,093	0	0	2,220	18,039	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	22,093	56,599	15,080	57,003	7,824	12,891	30,308	159,350	89,540	68,970	83,122	64,289	37,111	28,882	23,507	33,536	19,036	20,066	28,127	29,405	32,189	19,889	22,416	-136,096	18,361	13,186	18,915	162,395	24,563	24,258	25,474	288,460	19,117	23,722	30,245	241,316	1,025	7,876	4,318	5,159	14,115	14,052	14,305	4,512	43,113	13,562	14,581	3,561	14,652	12,979	16,602	0	0	0	0	1,611	1,027	0	0	0	5,743	37,857	72,608	0	1,242	0	54,850	13,974	17,323	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	108,339	95,688	-410,073	34,937	133,977	127,136	-239,255	152,301	149,456	107,712	2,254	19,925	51,639	-9,747	-77,735	14,781	64,572	23,097	-163,038	23,522	72,881	46,731	-76,856	40,209	53,015	5,418	2,113	87,229	892	10,811	0	-59,963	0	0	0	39,726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	111,722	107,418	110,970	107,694	102,241	98,714	95,701	87,546	86,280	87,407	87,047	86,919	85,057	81,752	78,721	80,259	80,527	79,470	80,911	80,174	80,560	81,383	79,120	76,135	74,931	75,210	73,801	75,057	73,139	74,190	74,795	73,985	73,289	74,211	74,273	72,822	81,359	65,957	58,441	57,568	58,839	58,202	56,826	57,061	55,189	58,953	55,502	55,572	55,642	55,962	56,257	54,746	55,750	57,278	55,398	56,272	54,783	51,915	57,765	56,963	52,599	55,359	47,582	53,212	42,040	33,852	32,979	29,265	27,519	29,773	32,603	24,917	23,397	25,059	21,579	21,830	20,606	21,735	23,629	18,779	18,719	17,472	16,643	16,276	15,647	15,716	14,247	13,833	11,189	11,777	12,277	11,551	11,220	10,866	11,454	11,903	10,700	10,200	10,200	8,200	8,000	8,500	7,200	7,000	6,400	6,100	5,900	5,700
Dividends Paid	69,483	70,713	72,323	58,798	60,032	62,088	64,344	50,699	51,943	53,380	54,916	52,729	52,591	52,592	52,584	51,481	51,778	52,751	53,503	42,239	43,767	44,081	44,268	36,797	36,728	37,180	37,527	34,130	34,128	34,124	34,090	33,425	33,288	33,282	33,233	27,767	27,642	27,556	25,666	24,515	24,348	24,274	24,238	21,952	21,923	21,915	21,908	21,887	21,869	21,865	21,830	16,318	16,276	16,260	16,233	16,200	16,167	16,110	18,213	18,182	18,311	19,819	18,884	14,274	13,078	13,839	14,178	14,547	14,303	10,111	8,812	4,319	4,310	4,363	4,721	4,882	3,733	3,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,400,887	1,770,988	1,480,862	1,610,443	1,633,919	1,425,997	1,012,585	1,195,028	1,249,369	1,101,201	1,119,244	1,250,670	1,374,122	1,273,122	1,502,342	1,240,984	1,387,397	1,151,540	978,779	797,248	834,423	890,139	726,424	991,421	1,028,649	1,101,964	908,843	966,826	841,483	1,051,489	1,052,666	976,951	727,032	473,790	419,401	160,982	361,363	159,591	357,490	342,919	395,156	370,056	243,753	477,861	375,917	287,120	420,938	357,809	390,761	456,694	277,691	160,810	186,513	270,118	191,593	225,506	9,008	8,094	18,217	16,067	16,233	22,135	115,405	58,889	28,486	10,811	12,212	28,332	29,373	20,843	53,948	195,705	65,518	30,604	1,645	3,747	16,334	159,674	38,441	58,294	65,430	21,584	11,928	3,241	24,218	24,173	48,747	32,319	78,241	14,803	18,170	5,520	10,184	4,617	9,677	16,160	16,600	7,100	-3,900	25,800	68,500	58,800	78,900	47,100	14,900	28,000	-1,200	56,500
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
Free Cash Flow	349,695	555,338	449,526	507,464	799,227	1,254,926	837,710	659,638	519,358	416,187	310,024	-47,672	-205,206	-175,857	176,294	-6,254	250,804	290,071	276,353	127,117	428,148	349,772	270,830	127,329	154,812	183,353	37,734	198,772	132,415	136,566	122,286	261,191	302,143	134,092	286,391	201,356	290,702	224,693	42,480	-52,088	26,385	131,104	-16,521	-15,636	142,079	59,024	45,810	-24,134	18,746	184,337	131,021	-14,722	-49,732	65,196	-21,609	42,058	-64,373	42,000	-1,500	140,357	327,306	-38,401	-45,934	119,832	-59,517	150,264	-152,248	94,506	63,598	103,067	-11,778	121,447	73,966	135,590	1,980	35,834	11,641	134,810	12,662	-13,240	-17,472	10,570	10,007	-12,768	-11,634	-22,376	7,702	-1,270	-24,483	2,481	-8,950	7,611	28,294	-1,538	-33,604	-739	21,900	-12,200	-6,800	-14,800	-65,800	-64,100	-73,500	-41,800	-21,200	-35,300	-24,700	-8,300
Investments	-734,788	-452,547	-473,268	-309,646	-468,886	-233,394	-351,510	-381,400	-200,995	-213,605	-275,347	-309,473	-343,224	69,545	149,648	42,981	-192,644	44,624	59,569	55,060	-113,783	-25,000	-50,000	-40,000	-228,783	-40,000	-40,000	0	-228,783	0	0	0	-228,783	0	0	0	0	0	0	0	0	0	31,520	0	-31,520	9,998	74,832	0	-84,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	29,052	5,989	-11,369	33,900	-14,774	-31,851	-29,493	29,980	-39,482	10,899	-6,843	379,462	-10,097	-4,040	-19,496	304,258	8,242	-8,653	5,963	8,608	-4,998	6,482	-19,976	-159,982	155,302	16,236	-1,429	-256,855	2,912	-17,367	16,215	-22,817	-5,421	384	-377,358	-48,385	1,237,944	-12,467	-12,793	-735	5,429	-202,475	97,573	-6,728	-198,483	-21,893	4,330	-5,778	3,862	-2,690	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
Net Income	424,270	579,782	816,177	644,333	639,011	918,475	1,214,652	1,107,354	1,095,697	1,000,159	712,203	438,755	196,950	104,277	78,765	190,836	123,719	152,608	196,746	204,827	269,852	397,906	362,572	225,475	303,171	151,012	152,947	198,666	3,832	154,413	140,443	61,318	-256,316	58,867	25,325	26,954	-96,046	87,657	66,341	33,698	47,901	51,090	23,273	41,252	55,094	6,105	39,305	41,777	25,779	39,857	95,826	104,230	4,058	15,355	45,217	64,969	26,651	69,018	-15,991	-87,862	-82,673	193,008	210,494	142,557	97,870	100,590	93,942	102,164	105,066	118,723	96,869	76,049	64,937	45,408	50,663	60,777	82,446	113,614	67,292	31,962	16,749	9,191	5,430	15,778	29,378	29,131	17,728	1,640	-5,314	2,122	1,953	4,383	7,104	12,383	19,059	15,249	13,800	10,500	12,100	3,000	8,100	8,500	7,500	7,600	8,400	13,000	15,600	14,600
Other Cashflows From Financing Activities	660,045	1,953	-17,579	370,461	386,851	342,229	322,627	297,252	-22,955	-4,776	-6,094	280,843	-20,598	294,227	1,091,011	-6,152	-20,302	-1,527	-12	-5,720	-10,177	110,041	-3,144	-5,180	-17,291	-4,832	51,233	-3,532	375,467	13,938	67,335	23,331	31,802	68,284	65,012	51,818	325,275	1,388,001	71,855	8,275	30,584	22,726	8,100	411,289	6,777	4,695	5,120	7,315	13,892	15,689	6,039	417	18,910	1,805	6,566	544,550	331,019	-221	-13,298	5,000	919,393	1,185,972	-5,568	-1,946	1,250,000	860,937	311,933	14,922	49,467	-129,912	-40,488	-6,658	-36,299	-1,742	103,891	20,797	474	-60	-37,054	-3,744	50,017	-3,658	-1,991	-749	2,621	-2,747	5,621	-45,755	87,655	-6,146	20,499	-12,617	-22,868	8,487	25,864	1,366	-9,900	15,400	-4,000	-100	69,400	61,700	92,500	39,500	14,500	-1,700	-1,200	-1,200
Other Cashflows From Investing Activities	0	-5,891	-217,905	2,343	6,497	4,113	4,817	410	3,546	1,024	1,859	390	-67	-58,632	803	518	1,733	-948	913	-93,048	5,445	-37,013	-395,752	229	962	-4,437	2,387	26,918	-11,435	-107,558	1,206	3,054	3,690	-41,285	806	1,663	-22,176	-1,644,504	2,314	28,884	-1,643	844	-30,657	33,934	-1,007	655	-19,170	-1,864	14,054	947	2,142	-1,143	0	2,417	1,481	504	0	0	0	0	2,037	2,176	4,153	1,329	224	7	0	0	311	0	0	0	1,345	1,345	0	0	55	55	0	0	0	0	0	0	8,813	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	3,682	-12,163	1,541	-10,006	97	-12,409	-640	11,157	-325	-781	-1,472	-662	28,682	17,237	4,728	-264	2,365	-1,116	-564	728	-1,442	312	-145	30	6,013	8,202	-43	-104	150,289	-2,823	-491	-1,437	428,500	-1,095	-5,227	1,178	260,000	-4,178	-2,506	-2,240	-6,616	-4,657	-4,789	-8,346	356	7,894	-4,841	-4,637	-7,722	3,701	139	-1,716	12,690	-3,562	1,580	-1,580	1,757	-288	-530	-2,184	-3,676	-3,338	539	489	-5,784	206	-3,438	-387	-367	68	332	285	180	-87	-1,031	119	254	1,031	592	794	-14,274	86	24	-651	2,230	-193	-27	1	6,055	-2,441	666	-3,558	577	-355	-562	2,789	1,900	-100	200	-100	100	100	-200	0	-3,200	3,500	-300	-100
Sale Purchase Of Stock	-386,682	-331,318	-380,206	-353,997	-413,015	-481,676	-517,024	-389,190	-329,818	-337,616	-393,198	106,529	106,529	0	0	-106,529	-56,214	-114,950	-93,136	-84,308	-330,190	-74,965	-49,145	-69,269	-15,088	-99,085	-76,813	-61,256	-25,034	1,037	3,681	2,884	3,514	285	4,071	1,724	9,273	11,524	7,910	8,275	25,880	13,200	8,263	8,025	3,052	760,000	14,969	275,000	2,551	11,722	6,039	5,126	-1,413	25,428	-4,536	0	2,058	240,586	471,685	-2,058	-16,484	-439,166	786,900	-46,128	-100,471	-197,869	-132,428	-102,886	-87,051	0	0	0	186,764	-6,340	-103,724	-76,700	-55,130	189	0	-238	0	0	0	-176	0	0	0	0	0	0	0	0	-1,120	-12,048	0	0	0	0	0	0	-900	-2,900	-13,600	-1,000	0	0	0	0
Stock Based Compensation	21,944	12,044	11,678	16,078	19,559	12,093	11,069	16,519	20,950	9,917	9,808	17,040	18,748	9,486	9,520	17,844	14,402	8,841	9,080	15,308	14,457	7,978	8,041	12,841	11,639	6,875	6,380	11,303	10,069	5,924	7,236	8,405	2,372	5,332	6,357	8,543	-1,556	5,104	4,700	5,768	5,892	2,515	2,344	4,753	2,986	738	2,602	6,123	5,928	3,833	3,812	3,710	4,964	3,626	3,329	2,769	2,810	2,887	3,313	8,579	8,231	3,293	2,754	3,929	8,073	1,817	2,132	2,269	8,862	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,300	0	0	0
Total Cash From Financing Activities	-494,376	-371,026	-464,119	-447,613	-466,620	-564,595	-673,460	-491,909	-374,736	-435,254	-443,309	-76,170	306,273	-64,276	-65,387	-183,658	175,964	-160,986	-155,304	-126,304	-375,526	-124,044	-90,075	-131,222	-229,089	14,205	-98,104	-100,347	-330,986	-30,185	-47,777	-14,326	-52,591	-38,418	-28,778	-403,400	-66,754	1,221,912	-30,223	-29,033	358	-5,645	-218,450	83,646	-20,755	-203,495	-38,343	-6,954	-13,903	-6,281	-16,282	-9,838	-15,772	12,393	-13,281	173,936	67,843	-21,299	10,940	-137,300	-333,069	-85,649	370,784	-70,385	517,004	221,573	174,286	-95,324	-55,379	-136,172	-45,573	13,440	-39,053	-107,976	-4,082	-48,421	-154,981	-13,632	-32,515	6,104	61,110	-914	-1,328	82	2,865	-2,198	8,726	-44,652	87,917	-5,848	21,600	-12,275	-23,815	-3,522	25,924	1,589	-9,400	15,600	-3,900	20,600	68,500	58,800	78,900	38,500	14,900	28,000	-1,200	-1,000
Total Cash From Operating Activities	864,640	1,113,699	807,806	733,783	1,143,428	1,496,155	1,001,852	818,968	723,899	630,816	587,230	262,191	137,951	151,790	486,010	211,281	409,062	444,202	361,473	181,553	491,061	420,440	326,033	177,935	192,001	226,148	81,008	240,449	207,407	196,340	157,972	288,899	330,186	164,378	309,212	234,707	319,581	249,224	76,014	-27,247	66,484	183,266	32,715	29,710	206,918	117,366	100,599	21,421	93,958	222,463	165,997	3,971	-12,206	89,420	19,351	72,742	22,513	137,662	71,666	214,695	429,178	77,235	55,291	213,596	79,836	250,199	-50,267	148,435	108,104	138,712	22,104	136,032	91,997	144,658	19,126	54,975	40,815	153,022	43,417	10,665	29,809	39,453	33,677	24,667	5,879	43,514	33,140	32,489	14,132	29,770	5,507	17,964	52,902	29,383	-7,960	28,467	49,300	11,000	21,400	33,100	-22,700	-17,600	-15,900	5,100	22,500	14,700	10,500	38,000
Total Cashflows From Investing Activities	0	-452,547	-473,268	-309,646	-468,886	-518,148	-510,835	-381,400	-200,995	-213,605	-275,347	-309,473	-343,224	-316,734	-159,265	-174,036	-349,169	-110,455	-24,638	-92,424	-171,251	-132,681	-500,955	-90,377	-36,227	-47,232	-40,887	-14,759	-86,427	-167,332	-34,480	-24,654	-24,353	-71,571	-22,015	-31,688	-51,055	-1,696,212	-31,220	4,043	-41,742	-51,318	-48,373	-11,412	-97,366	-47,689	873	-47,419	-145,988	-37,179	-32,834	-19,836	-149,078	-93,451	-70,163	0	-373,945	-284,503	-158,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,749,433	16,142,943	13,046,426	8,166,754	8,954,302	9,499,025	7,956,783	6,442,245	6,862,693	7,789,741	6,653,780	6,570,336	7,065,982	5,625,221	3,559,730	6,849,262	3,468,855	2,408,795	1,699,717	1,541,423	827,264	638,860	522,927	488,471	448,300	398,300	306,400	201,200	2,300
Depreciation And Amortization	437,804	404,987	312,827	298,411	336,643	317,198	298,999	296,109	294,595	263,325	230,928	225,216	222,607	224,698	221,426	208,752	138,136	114,812	91,865	84,749	69,110	59,443	46,794	45,443	39,300	30,700	24,100	19,400	900
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	3,151,181	5,091,822	4,301,105	847,142	986,880	1,746,394	1,069,634	843,009	340,333	562,066	390,866	370,901	584,820	377,558	122,511	921,534	696,654	654,569	391,383	499,878	55,310	167,591	28,258	106,122	90,100	60,200	63,200	16,300	-14,100
Ebitda	3,151,181	5,496,809	4,613,932	1,145,553	1,323,523	2,063,592	1,368,633	1,139,118	634,928	825,391	621,794	596,117	807,427	602,256	343,937	1,130,286	834,790	769,381	483,248	584,627	124,420	227,034	75,052	151,565	129,400	90,900	87,300	35,700	-13,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	178,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	4,045,883	6,117,831	5,362,424	1,434,728	1,530,984	2,322,814	1,582,014	1,334,864	731,718	966,211	719,144	719,898	931,518	675,666	399,076	1,231,259	915,694	829,992	485,149	603,490	159,984	225,633	84,057	204,152	170,500	116,500	113,700	51,400	-2,200
Income Before Tax	3,218,943	5,021,069	4,209,070	705,478	875,337	1,619,774	935,235	564,133	-242,117	164,803	262,830	204,066	424,319	213,459	-18,237	743,813	630,238	631,555	360,626	475,033	75,437	130,012	5,112	84,485	65,200	52,600	59,400	20,100	-19,300
Income Tax Expense	751,611	1,141,577	962,256	134,650	197,437	363,969	129,439	204,127	-96,947	73,153	99,314	61,785	158,627	83,860	-7,218	280,427	235,672	234,848	138,841	179,719	28,289	48,676	1,968	30,690	25,800	20,900	7,800	28,100	3,200
Interest Expense	76,484	91,538	57,209	94,877	127,104	126,620	134,399	146,037	153,950	137,263	127,728	158,585	176,977	170,229	141,360	144,574	55,416	32,104	34,341	38,907	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	127,104	126,620	134,399	146,037	153,950	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-17,827	-16,818	-32,748	-20,006	-6,797	2,574	6,945	22,109	14,859	65,374	25,798	-21,270	-12,428	-11,110	-2,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,450,882	3,862,674	3,214,066	550,822	671,103	1,258,379	812,741	382,115	-130,311	157,024	189,314	163,551	278,120	140,709	-8,184	463,386	394,566	396,707	221,785	295,314	47,148	77,877	3,144	53,795	39,400	31,700	44,000	-9,900	-19,900
Net Income Applicable To Common Shares	0	3,862,674	3,214,066	550,822	671,103	1,258,379	812,741	382,115	-130,311	157,024	189,314	163,551	278,120	140,709	-8,184	463,386	394,566	396,707	221,785	295,314	47,148	81,336	3,144	53,795	0	0	0	0	0
Net Income From Continuing Ops	2,679,303	3,879,492	3,246,814	570,828	677,900	1,255,805	805,796	360,006	-145,170	91,650	163,516	142,281	265,692	129,599	-11,019	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-85,544	-91,538	-57,209	-94,877	-127,104	-126,620	-134,399	-146,037	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	-34,826	-46,787	15,561	23,985	2,753	-17,796	-15,383	-18,254	4,033	-28,514	16,476	18,935	3,592	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	19,409	0	0	0	132,839	428,500	260,000	308	8,250	0	12,805	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	3,151,181	5,091,822	4,301,105	847,142	986,880	1,722,409	1,066,881	727,966	-72,784	320,320	386,525	391,165	584,820	364,753	119,531	855,240	691,154	659,114	393,175	506,909	96,607	163,902	25,925	105,403	88,800	65,200	65,200	18,200	-16,700
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
Other Operating Expenses	15,338,054	17,168,952	14,107,745	8,734,931	9,498,406	10,099,430	8,471,916	6,916,304	7,238,695	8,175,632	6,986,091	6,890,819	7,412,680	5,923,329	3,836,295	7,225,281	3,693,395	2,579,673	1,791,691	1,638,004	904,628	700,591	581,059	587,220	530,000	449,600	354,900	234,400	16,800
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
Reconciled Depreciation	428,323	384,202	347,653	325,789	321,082	317,198	298,999	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	574,016	998,172	1,032,087	539,178	514,527	572,625	485,940	445,294	350,690	358,340	300,541	284,930	306,744	252,522	223,013	267,688	224,540	170,878	91,974	96,581	63,377	61,731	58,132	53,306	42,400	20,600	24,400	0	0
Tax Provision	755,851	1,141,577	962,256	134,650	197,437	363,969	129,439	204,127	-96,947	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	588,621	1,026,009	1,061,319	568,177	544,104	600,405	515,133	474,059	376,002	385,891	332,311	320,483	346,698	298,108	276,565	376,019	224,540	170,878	91,974	96,581	77,364	61,731	58,132	98,749	81,700	51,300	48,500	33,200	14,500
Total Other Income Expense Net	67,762	-70,753	-92,035	-141,664	-111,543	23,985	2,753	-150,635	-443,883	-278,254	3,725	-36,764	16,476	6,130	612	-33,147	-5,500	4,545	1,792	7,031	27,310	-3,689	-2,333	-719	-1,300	5,000	2,000	1,900	-2,600
Total Revenue	18,795,316	22,260,774	18,408,850	9,601,482	10,485,286	11,821,839	9,538,797	7,777,109	7,594,411	8,755,952	7,372,924	7,290,234	7,997,500	6,300,887	3,958,806	8,080,521	4,384,549	3,238,787	2,184,866	2,144,913	987,248	864,493	606,984	692,623	618,800	514,800	420,100	252,600	100

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	3,510,625	3,635,038	3,774,772	3,837,084	3,838,740	4,187,278	4,329,536	3,787,389	3,548,820	3,487,659	3,265,616	2,744,331	2,158,992	2,038,017	1,809,874	2,159,871	2,054,082	2,167,006	2,349,349	2,383,865	2,382,657	2,537,466	2,438,443	2,140,459	2,015,655	2,046,864	1,998,202	1,896,062	1,600,654	1,692,807	1,643,519	1,505,265	1,446,839	1,722,197	1,833,264	1,860,393	2,225,469	2,050,504	1,846,990	1,666,778	1,666,154	1,714,546	1,653,648	1,619,432	1,524,904	1,536,989	1,727,667	1,780,776	1,698,210	1,844,212	1,803,345	1,720,215	1,394,466	1,444,632	1,440,815	1,345,308	1,025,629	955,503	723,321	855,277	1,251,345	2,118,737	1,924,284	1,554,896	1,196,776	928,142	694,666	649,271	610,654	667,058	624,692	506,391	429,689	393,457	434,642	441,929	449,920	406,489	382,459	302,555	239,474	215,097	186,724	185,969	170,693	167,942	160,696	139,529	127,376	134,888	131,414	116,972	114,235	113,637	127,341	133,258	125,300	114,500	117,600	90,900	100,700	106,500	94,500	96,500	92,900	74,900	70,400	68,200	-	-	-	-	-	-	-	-
Depreciation And Amortization	111,722	107,418	142,318	142,630	125,498	112,689	99,722	67,078	86,280	87,407	87,047	86,919	85,057	81,752	78,721	80,259	80,527	79,470	80,911	80,174	80,560	81,383	79,120	76,135	74,931	75,210	73,801	75,057	73,139	74,190	74,795	73,985	73,289	74,211	74,273	72,822	81,359	65,957	58,441	57,568	58,839	58,202	56,826	57,061	55,189	58,953	55,502	55,572	55,642	10,154	10,082	54,746	55,750	57,278	55,398	56,272	54,783	51,915	57,765	56,963	52,599	55,359	47,582	53,212	42,040	33,852	32,979	29,265	27,519	29,773	32,603	24,917	23,397	25,059	21,579	21,830	20,606	21,735	23,629	18,779	18,719	17,472	16,643	16,276	15,647	15,716	14,247	13,833	11,189	11,777	12,277	11,551	11,220	10,866	11,454	11,903	10,700	10,200	10,200	8,200	8,000	8,500	7,200	7,000	6,400	6,100	5,900	5,700	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Ebit	518,536	773,014	1,063,735	835,360	759,048	1,219,844	1,618,063	1,494,867	1,421,186	1,315,269	945,696	584,128	260,432	152,310	130,747	276,275	182,385	232,590	289,281	298,185	372,937	538,675	506,922	327,860	193,732	268,489	269,188	338,225	171,808	279,504	257,940	133,757	47,193	130,790	78,771	83,579	180,273	166,571	133,659	81,563	107,711	115,125	70,752	97,278	99,137	80,615	103,699	119,816	82,490	108,785	188,219	205,326	59,626	73,562	124,462	141,741	81,382	148,448	6,284	-113,603	-57,907	327,840	341,180	244,126	173,551	173,325	179,183	170,596	173,659	197,606	152,873	130,431	114,309	80,401	90,928	105,745	138,666	192,802	111,973	56,437	-18,959	22,733	16,827	34,709	59,056	56,963	33,133	18,439	-144	9,544	8,027	23,108	14,465	23,361	38,318	29,978	27,300	23,000	29,900	10,000	18,000	20,000	16,000	6,400	10,600	15,900	18,600	18,100	-	-	-	-	-	-	-	-
Ebitda	630,258	880,432	1,206,053	977,990	884,546	1,332,533	1,717,785	1,561,945	1,507,466	1,402,676	1,032,743	671,047	345,489	234,062	209,468	356,534	262,912	312,060	370,192	378,359	453,497	620,058	586,042	403,995	268,663	343,699	342,989	413,282	244,947	353,694	332,735	207,742	120,482	205,001	153,044	156,401	261,632	232,528	192,100	139,131	166,550	173,327	127,578	154,339	154,326	139,568	159,201	175,388	138,132	118,939	198,301	260,072	115,376	130,840	179,860	198,013	136,165	200,363	64,049	-56,640	-5,308	383,199	388,762	297,338	215,591	207,177	212,162	199,861	201,178	227,379	185,476	155,348	137,706	105,460	112,507	127,575	159,272	214,537	135,602	75,216	-240	40,205	33,470	50,985	74,703	72,679	47,380	32,272	11,045	21,321	20,304	34,659	25,685	34,227	49,772	41,881	38,000	33,200	40,100	18,200	26,000	28,500	23,200	13,400	17,000	22,000	24,500	23,800	-156,400	58,200	58,200	58,200	-16,800	100	100	100
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Gross Profit	722,798	952,019	1,306,858	1,056,122	987,547	1,464,429	1,883,342	1,782,513	1,761,837	1,600,629	1,199,692	800,266	442,253	292,815	284,431	415,229	316,409	359,839	421,166	433,570	521,235	686,081	652,082	463,416	320,824	396,518	392,518	472,154	309,942	408,503	380,383	236,036	144,207	228,726	171,743	187,042	291,624	288,512	222,771	163,304	197,996	197,192	147,692	176,264	180,097	156,401	182,136	201,264	160,135	199,243	276,386	295,754	133,668	139,532	191,984	210,482	154,173	216,693	68,837	-40,627	-40,911	445,206	479,655	347,309	254,258	228,451	216,582	216,403	229,146	244,804	196,555	159,487	139,956	105,232	111,184	128,777	150,450	228,252	143,198	81,590	39,686	38,855	31,908	49,535	72,461	72,755	53,043	27,374	11,076	21,919	26,225	37,114	38,214	46,628	63,396	55,914	50,700	44,200	49,100	26,600	33,600	34,500	26,500	22,000	21,700	29,800	32,300	29,900	78,000	58,200	58,200	58,200	-	100	100	100
Income Before Tax	542,239	754,599	1,074,316	847,789	758,450	1,208,472	1,596,417	1,457,730	1,408,848	1,302,565	930,798	566,859	220,817	133,360	103,045	248,256	150,063	201,251	256,960	267,063	341,285	507,115	475,410	295,964	161,352	234,312	235,319	304,252	2,820	243,305	221,294	96,714	-417,923	93,706	41,608	40,492	-124,467	134,667	103,609	50,994	77,047	84,155	38,979	62,649	63,904	7,221	64,485	68,456	41,014	67,606	149,152	166,547	7,959	30,929	76,708	97,863	46,319	116,095	-31,545	-149,106	-132,702	307,078	339,507	229,931	156,593	159,927	148,939	164,780	168,391	192,109	147,398	123,657	105,589	73,833	82,380	98,824	132,978	183,249	107,667	51,139	26,799	14,706	8,687	25,245	49,170	46,609	28,365	5,868	-8,641	3,451	3,176	7,126	9,964	18,430	30,676	25,415	22,500	17,500	20,200	5,000	13,500	14,200	12,500	12,500	8,700	15,000	18,400	17,300	-	-	-	-	-	-	-	-
Income Tax Expense	115,199	174,817	258,139	203,456	119,439	289,997	381,765	350,376	313,151	302,406	218,595	128,104	23,867	29,083	24,280	57,420	26,344	48,643	60,214	62,236	71,433	109,209	112,838	70,489	-141,819	83,300	82,372	105,586	-1,012	88,892	80,851	35,396	-161,607	34,839	16,283	13,538	-28,421	47,010	37,268	17,296	29,146	33,065	15,706	21,397	8,810	1,116	25,180	26,679	15,235	27,749	53,326	62,317	3,901	15,574	29,911	34,474	19,773	47,365	-15,024	-59,332	-50,029	114,070	129,013	87,374	58,723	59,336	54,997	62,616	63,325	73,386	50,529	47,608	40,652	28,425	31,717	38,047	50,532	69,635	40,375	19,177	10,050	5,515	3,257	9,467	18,361	17,478	10,637	2,200	-3,327	1,329	1,223	2,743	2,860	6,047	11,617	10,166	8,700	7,000	8,100	2,000	5,400	5,700	5,000	4,900	300	2,000	2,800	2,700	100	900	900	900	5,000	5,000	5,000	4,900
Interest Expense	14,795	18,415	20,767	22,507	23,855	25,347	25,667	16,669	12,338	12,704	14,898	17,269	20,206	18,950	27,702	28,019	32,322	31,339	32,321	31,122	31,652	31,560	31,512	31,896	32,380	34,177	33,869	33,973	36,149	36,199	36,646	37,043	36,616	37,084	37,163	43,087	44,740	31,904	30,050	30,569	30,664	30,970	31,465	34,629	34,877	41,490	41,106	41,112	44,117	44,702	44,812	43,346	44,980	44,286	43,448	37,515	33,546	34,520	37,043	36,251	144,574	37,446	35,475	29,807	55,416	14,602	7,198	7,246	32,104	7,445	8,025	8,136	34,341	9,468	8,898	8,077	38,907	10,469	10,592	9,504	8,138	8,251	8,938	9,166	10,326	10,580	5,030	4,265	4,271	5,201	4,169	4,839	4,877	5,363	5,030	4,929	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,702	28,019	32,322	31,339	32,321	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,770	-2,587	-4,070	-7,023	-4,147	-4,150	-5,098	-3,423	-5,192	15,008	10,238	-8,248	-9,107	-4,134	-3,269	-3,496	-2,294	-1,560	-2,444	-499	152	469	-123	2,076	1,562	2,246	986	2,151	16,180	2,984	1,526	1,419	3,077	1,750	6,225	3,807	51,015	3,516	5,962	4,881	6,754	6,396	5,685	6,963	-5,477	-6,728	-5,167	-3,898	-4,424	-3,447	-2,884	-1,673	0	-3,386	-2,410	0	0	-288	0	0	0	-791	791	475	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	424,270	577,195	812,107	637,310	634,864	914,325	1,209,554	1,103,931	1,090,505	990,763	702,291	430,507	187,843	100,143	75,496	187,340	121,425	151,048	194,302	204,328	270,004	398,375	362,449	227,551	304,733	153,258	153,933	200,817	20,012	157,397	141,969	62,737	-253,239	60,617	31,550	30,761	-45,031	91,173	72,303	38,579	54,655	57,486	28,958	48,215	60,571	12,833	44,472	45,675	30,203	43,304	98,710	105,903	7,792	18,741	49,207	64,969	26,651	69,018	-15,991	-87,862	-82,673	193,008	210,494	142,557	97,870	100,591	93,942	102,164	105,066	118,723	96,869	76,049	64,937	45,408	50,663	60,777	82,446	113,614	67,292	31,962	16,749	9,191	5,430	15,778	29,378	29,131	17,728	5,696	-5,314	2,122	1,953	4,383	7,104	12,383	19,059	15,249	13,800	10,500	12,100	3,000	8,100	8,500	7,500	7,600	8,400	5,400	15,600	14,600	-100	-900	-900	-900	-5,000	-5,000	-5,000	-4,900
Net Income Applicable To Common Shares	0	577,195	812,107	637,310	634,864	914,325	1,209,554	1,103,931	1,090,505	990,763	702,291	430,507	187,843	100,143	75,496	187,340	121,425	151,048	194,302	204,328	270,004	398,375	362,449	227,551	304,733	153,258	153,933	200,817	20,012	157,397	141,969	62,737	-253,239	60,617	31,550	30,761	-45,031	91,173	72,303	38,579	54,655	57,486	28,958	48,215	60,571	12,833	44,472	45,675	30,203	43,304	98,710	105,903	7,792	18,741	49,207	64,969	26,651	69,018	0	0	270,378	193,008	210,494	142,557	97,870	100,590	93,942	102,164	105,066	118,723	96,869	76,049	64,937	45,408	50,663	60,777	82,446	113,614	67,292	31,962	16,749	9,191	5,430	15,778	29,378	29,131	17,728	1,640	1,022	2,122	1,953	4,383	7,104	12,383	19,059	15,249	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	427,040	579,782	816,177	644,333	639,011	918,475	1,214,652	1,107,354	1,095,697	1,000,159	712,203	438,755	196,950	104,277	78,765	190,836	123,719	152,608	196,746	204,827	269,852	397,906	362,572	225,475	303,171	151,012	152,947	198,666	3,832	154,413	141,969	61,318	-256,316	58,867	25,325	26,954	-96,046	87,657	66,341	33,698	47,901	51,090	23,273	41,252	55,094	6,105	39,305	41,777	25,779	39,857	95,826	104,230	0	15,355	46,797	0	0	68,730	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-14,795	-18,415	-20,767	-22,507	-23,855	-25,347	-25,667	-16,669	-12,338	-12,704	-14,898	-17,269	-20,206	-18,950	-27,702	-28,019	-32,322	-31,339	-32,321	-31,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,348	34,936	0	13,975	4,021	-20,468	-7,940	-6,776	-10,039	-10,071	-17,727	-3,546	-28,103	2,589	424	4,545	4,249	6,343	7,384	7,103	5,035	4,463	-2,215	-2,526	3,835	3,659	-17,055	-4,351	1,818	1,792	-164	-239	1,212	-16,192	1,433	-22,072	1,754	631	-111	1,852	1,246	1,046	3,852	-24,010	1,892	-10,248	2,641	3,523	5,745	4,567	0	6,215	3,521	0	0	2,167	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,409	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	132,839	-398,517	132,839	0	428,500	0	0	0	260,000	0	0	0	0	0	308	0	356	7,894	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	518,536	733,550	1,063,735	835,360	759,048	1,219,844	1,618,063	1,494,867	1,429,126	1,322,045	955,735	594,199	258,750	155,856	158,850	273,686	181,961	228,045	285,032	291,842	365,553	531,572	501,887	323,397	195,947	271,015	265,353	334,566	56,024	283,855	256,122	131,965	-381,143	131,029	77,559	99,771	-81,160	188,643	131,905	80,932	107,822	113,273	69,198	96,232	94,929	72,721	103,699	119,816	82,490	108,785	188,219	205,326	46,821	69,000	116,635	132,297	78,402	148,448	6,284	-113,603	-90,955	336,182	358,081	251,932	178,256	173,927	167,660	171,311	175,274	198,580	154,148	131,112	113,898	81,851	91,103	106,323	139,993	193,260	115,116	58,540	21,976	22,845	17,226	34,560	59,276	57,076	33,264	14,286	-2,257	9,098	7,323	11,761	14,653	23,577	37,012	30,161	27,400	23,200	28,000	10,300	18,100	20,100	16,000	11,100	10,800	16,200	19,300	18,900	-156,400	58,200	58,200	58,200	-16,800	100	100	100
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Operating Expenses	3,714,887	3,853,507	4,017,895	4,057,846	4,067,239	4,431,863	4,594,815	4,075,035	3,881,531	3,766,243	3,509,573	2,950,398	2,323,086	2,174,976	1,935,455	2,301,414	2,188,530	2,298,800	2,485,483	2,525,593	2,538,339	2,691,975	2,588,638	2,280,478	2,140,532	2,172,367	2,125,367	2,033,650	1,721,733	1,817,455	1,767,780	1,609,336	1,543,689	1,819,894	1,927,448	1,947,664	2,338,253	2,150,373	1,937,856	1,749,150	1,756,328	1,798,465	1,731,834	1,699,464	1,609,716	1,612,775	1,806,104	1,862,224	1,775,855	1,934,670	1,891,512	1,810,643	1,468,508	1,510,602	1,508,337	1,414,049	1,098,420	1,023,748	785,874	928,253	1,301,389	2,227,761	2,045,858	1,650,273	1,272,778	982,666	743,588	694,363	664,526	713,282	667,099	534,766	455,747	416,838	454,723	464,383	460,377	441,481	410,541	325,605	271,171	231,107	201,406	200,944	183,878	183,621	180,475	152,617	140,709	147,709	149,590	130,774	137,796	136,688	153,725	159,011	148,600	135,500	138,700	107,200	116,200	120,900	105,000	107,400	103,800	88,500	83,400	79,200	234,400	-	-	-	16,800	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	111,722	107,418	110,970	107,694	102,241	98,714	95,701	87,546	86,280	87,407	87,047	86,919	85,057	81,752	78,721	80,259	80,527	79,470	80,911	80,174	80,560	81,383	79,120	76,135	74,931	75,210	73,801	75,057	73,139	74,190	74,795	73,985	73,289	74,211	74,273	72,822	81,359	65,957	58,441	57,568	58,839	58,202	56,826	57,061	55,189	58,953	55,502	55,572	55,642	55,962	56,257	54,746	55,750	57,278	55,398	56,272	54,783	51,915	57,765	56,963	52,599	55,359	47,582	53,212	42,040	33,852	32,979	29,265	27,519	29,773	32,603	24,917	23,397	25,059	21,579	21,830	20,606	21,735	23,629	18,779	18,719	17,472	16,643	16,276	15,647	15,716	14,247	13,833	11,189	11,777	12,277	11,551	11,220	10,866	11,454	11,903	10,700	10,200	10,200	8,200	8,000	8,500	7,200	7,000	6,400	6,100	5,900	5,700	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	452,130	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,562	7,827	0	44,551	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Selling General Administrative	656,392	210,309	232,199	213,884	221,820	237,749	258,119	280,484	325,533	271,406	236,519	198,629	156,422	130,013	118,391	134,352	125,601	125,090	129,121	134,715	148,248	147,918	143,366	133,093	117,804	118,231	119,741	130,164	113,673	117,440	117,029	96,821	90,672	91,379	87,691	80,948	105,866	93,105	83,932	75,437	82,479	76,022	70,135	71,905	76,090	66,938	69,446	72,456	68,011	80,304	78,085	80,344	62,893	59,241	63,784	57,160	105,143	56,584	48,559	57,320	27,871	98,259	113,454	83,847	76,002	54,524	48,922	45,092	53,872	46,224	42,407	28,375	26,058	23,381	20,081	22,454	10,457	34,992	28,082	23,050	17,710	16,010	14,682	14,975	13,185	15,679	19,779	13,088	13,333	12,821	18,176	13,802	12,341	12,185	14,930	13,850	12,600	10,800	10,900	8,100	7,500	6,000	3,200	3,900	4,500	7,500	7,100	5,300	-	-	-	-	-	-	-	-
Tax Provision	115,199	174,817	258,139	203,456	119,439	289,997	381,765	350,376	313,151	302,406	218,595	128,104	23,867	29,083	24,280	57,420	26,344	48,643	60,214	62,236	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	204,262	218,469	243,123	220,762	228,499	244,585	265,279	287,646	332,711	278,584	243,957	206,067	164,094	136,959	125,581	141,543	134,448	131,794	136,134	141,728	155,682	154,509	150,195	140,019	124,877	125,503	127,165	137,588	121,079	124,648	124,261	104,071	96,850	97,697	94,184	87,271	112,784	99,869	90,866	82,372	90,174	83,919	78,186	80,032	84,812	75,786	78,437	81,448	77,645	90,458	88,167	90,428	74,042	65,970	67,522	68,741	72,791	68,245	62,553	72,976	50,044	109,024	121,574	95,377	76,002	54,524	48,922	45,092	53,872	46,224	42,407	28,375	26,058	23,381	20,081	22,454	10,457	34,992	28,082	23,050	31,697	16,010	14,682	14,975	13,185	15,679	19,779	13,088	13,333	12,821	18,176	13,802	23,561	23,051	26,384	25,753	23,300	21,000	21,100	16,300	15,500	14,400	10,500	10,900	10,900	13,600	13,000	11,000	-234,400	-	-	-	-16,800	-	-	-
Total Other Income Expense Net	23,703	39,464	10,581	12,429	-598	-11,372	-21,646	-37,137	-7,940	-6,776	-10,039	-10,071	-37,136	-3,546	-28,103	2,589	424	4,545	4,249	6,343	7,384	7,103	5,035	4,463	-2,215	-2,526	3,835	3,659	-149,894	-4,351	1,818	1,792	-428,664	-239	1,212	-16,192	-258,567	-22,072	1,754	631	-111	1,852	938	1,046	3,496	-31,904	1,892	-10,248	2,641	3,523	5,745	4,567	-6,687	1,653	-4,306	-6,363	-1,517	2,167	-786	748	99	8,342	16,901	7,806	4,705	602	-11,523	715	1,615	974	1,275	681	-411	1,450	175	578	1,327	458	3,143	2,103	26,948	112	399	-149	220	113	131	-4,153	-2,113	-446	22	204	188	216	-1,306	183	100	200	-1,900	300	100	100	100	4,700	200	300	700	800	-	-	-	-	-	-	-	-
Total Revenue	4,233,423	4,587,057	5,081,630	4,893,206	4,826,287	5,651,707	6,212,878	5,569,902	5,310,657	5,088,288	4,465,308	3,544,597	2,601,245	2,330,832	2,094,305	2,575,100	2,370,491	2,526,845	2,770,515	2,817,435	2,903,892	3,223,547	3,090,525	2,603,875	2,336,479	2,443,382	2,390,720	2,368,216	1,910,596	2,101,310	2,023,902	1,741,301	1,591,046	1,950,923	2,005,007	2,047,435	2,517,093	2,339,016	2,069,761	1,830,082	1,864,150	1,911,738	1,801,340	1,795,696	1,705,001	1,693,390	1,909,803	1,982,040	1,858,345	2,043,455	2,079,731	2,015,969	1,528,134	1,584,164	1,632,799	1,555,790	1,179,802	1,172,196	792,158	814,650	1,210,434	2,563,943	2,403,939	1,902,205	1,451,034	1,156,593	911,248	865,674	839,800	911,862	821,247	665,878	569,645	498,689	545,826	570,706	600,370	634,741	525,657	384,145	279,160	253,952	218,632	235,504	243,154	240,697	213,739	166,903	138,452	156,807	157,639	154,086	152,449	160,265	190,737	189,172	176,000	158,700	166,700	117,500	134,300	141,000	121,000	118,500	114,600	104,700	102,700	98,100	78,000	58,200	58,200	58,200	-	100	100	100

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

Gross Profit (+$)
totalRevenue	18,795,316
Cost of Revenue	-14,749,433
Gross Profit	4,045,883	4,045,883

Operating Income (+$)
Gross Profit	4,045,883
Operating Expense	-588,621
Operating Income	3,151,181	3,457,262

Operating Expense (+$)
Research Development	0
Selling General Administrative	574,016
Selling And Marketing Expenses	0
Operating Expense	588,621	574,016

Net Interest Income (+$)
Interest Income	0
Interest Expense	-76,484
Other Finance Cost	-9,060
Net Interest Income	-85,544

Pretax Income (+$)
Operating Income	3,151,181
Net Interest Income	-85,544
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	3,218,943	3,083,419 EBIT - interestExpense = 3,074,697 3,202,493 2,527,366
Interest Expense	76,484
Earnings Before Interest and Taxes (EBIT)	3,151,181	3,295,427
Earnings Before Interest and Taxes (EBITDA)	3,151,181

After tax Income (+$)
Income Before Tax	3,218,943
Tax Provision	-755,851
Net Income From Continuing Ops	2,679,303	2,463,092
Net Income	2,450,882
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	15,338,054
Total Other Income/Expenses Net	67,762	85,544

Technical Analysis of Steel Dynamics Inc
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 Steel Dynamics Inc. The general trend of Steel Dynamics Inc is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Steel Dynamics Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (57.1%)		Bearish trend (-57.1%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Steel Dynamics Inc.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 151.34.

The bearish price targets are: 128.10 > 123.42 > 121.32.

Tweet this

Steel Dynamics Inc 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 Steel Dynamics Inc. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Steel Dynamics Inc 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 Steel Dynamics Inc. The current macd is -1.43738301.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Steel Dynamics Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Steel Dynamics Inc. 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 Steel Dynamics Inc 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Steel Dynamics Inc 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 Steel Dynamics Inc. The current adx is 23.95.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Steel Dynamics Inc shares, leading to potential upward 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.

Steel Dynamics Inc 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 Steel Dynamics Inc. The current sar is 144.91.

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

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

Steel Dynamics Inc 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 Steel Dynamics Inc. The current rsi is 37.73. The current phase is Correction in bull market.

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

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Steel Dynamics Inc 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 Steel Dynamics Inc. The current phase is Correction in bull market.

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

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

Steel Dynamics Inc 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 Steel Dynamics Inc. The current cci is -150.50704433.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

Steel Dynamics Inc 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 Steel Dynamics Inc. The current cmo is -34.69572876.

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

Steel Dynamics Inc 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 Steel Dynamics Inc. The current willr is -73.50476958.

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

Steel Dynamics Inc 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 Steel Dynamics Inc.

Steel Dynamics Inc 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 Steel Dynamics Inc. The current atr is 4.61663311.

Steel Dynamics Inc 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 Steel Dynamics Inc. The current obv is 76,649,852.

Steel Dynamics Inc 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 Steel Dynamics Inc. The current mfi is 28.99.

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

Steel Dynamics Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Steel Dynamics Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Steel Dynamics Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Steel Dynamics Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	37.729
Ma 20	Greater than	Ma 50	141.912
Ma 50	Greater than	Ma 100	136.624
Ma 100	Greater than	Ma 200	127.299
Open	Greater than	Close	129.160
Total			3/5 (60.0%)

Create your own Symbol Scanner

Get notifications about Steel Dynamics Inc

I send you an email if I find something interesting about Steel Dynamics Inc.

Steel Dynamics Inc Buy, Hold or Sell?

Let's analyse Steel Dynamics Inc together

Get notifications about Steel Dynamics Inc

Quick analysis of Steel Dynamics Inc (30 sec.)

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

$133.03

$54.47

$70.39 - $279.67

$124.86 - $334.14

2. Growth of Steel Dynamics Inc (5 min.)

Is Steel Dynamics Inc growing?

How much money is Steel Dynamics Inc making?

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

3. Financial Health of Steel Dynamics Inc (5 min.)

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

Industry Rankings (Steel)

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

What can you expect buying and holding a share of Steel Dynamics Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Steel Dynamics Inc

About Steel Dynamics Inc

Financial Health

Valuation

1.1. Profitability of Steel Dynamics Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Steel)

1.1.2. Return on Assets

Trends

Compared to industry (Steel)

1.1.3. Return on Equity

Trends

Compared to industry (Steel)

1.2. Operating Efficiency of Steel Dynamics Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Steel)

1.2.2. Operating Ratio

Trends

Compared to industry (Steel)

1.3. Liquidity of Steel Dynamics Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Steel)

1.3.2. Quick Ratio

Trends

Compared to industry (Steel)

1.4. Solvency of Steel Dynamics Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Steel)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Steel)

2. Market Valuation of Steel Dynamics Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Steel)

Steel Dynamics Inc
Buy, Hold or Sell?