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

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

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Quick analysis of Tractor Supply Company (30 sec.)

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

How much money do you get?

$4.10

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$19.76

Expected worth in 1 year

$21.16

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$5.50

Return On Investment

2.2%

For what price can you sell your share?

Current Price per Share

$247.39

Expected price per share

$233.82 - $268.02

How sure are you?

50%

1. Valuation of Tractor Supply Company (5 min.)

Live pricePrice per Share (EOD)

$247.39

Book Value per Share

$19.76

Intrinsic Value Per Share

$3.64 - $48.38

Total Value Per Share

$23.39 - $68.13

My calculation of the intrinsic value of Tractor Supply Company 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: ($1.09) 3Y: ($1.24) TTM: ($1.32)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.05) TTM: ($-0.53)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$3.72	$4.96	$3.54 - $5.10
2	$6.46	$9.90	$2.70 - $5.23
3	$8.33	$14.81	$1.86 - $5.36
4	$9.41	$19.70	$1.02 - $5.49
5	$9.80	$24.57	$0.18 - $5.62
6	$9.55	$29.40	$-0.65 - $5.76
7	$8.76	$34.20	$-1.49 - $5.89
8	$7.47	$38.96	$-2.33 - $6.02
9	$5.74	$43.69	$-3.17 - $6.15
10	$3.64	$48.38	$-4.01 - $6.28

2. Growth of Tractor Supply Company (5 min.)

Is Tractor Supply Company growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.1b	$1.9b	$143.7m	7.0%

How much money is Tractor Supply Company making?

	Current year	Previous year	Grow	Grow %
Making money	$276.8m	$272.1m	$4.6m	1.7%
Net Profit Margin	7.5%	7.6%	-	-

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

Quarterly Yearly

3. Financial Health of Tractor Supply Company (5 min.)

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

Industry Rankings (Specialty Retail)

Richest
#13 / 189

Most Revenue
#20 / 189

Most Profit
#12 / 189

Most Efficient
#40 / 189

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

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

What can you expect buying and holding a share of Tractor Supply Company?

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

Speculation

The Price per Share of Tractor Supply Company is $247.39. 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 Tractor Supply Company.
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 Tractor Supply Company, 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 $19.76. Based on the TTM, the Book Value Change Per Share is $0.35 per quarter. Based on the YOY, the Book Value Change Per Share is $0.23 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 $1.02 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Tractor Supply Company.

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	2.28	0.9%	2.52	1.0%	2.43	1.0%	1.97	0.8%	1.40	0.6%
Usd Book Value Change Per Share	0.45	0.2%	0.35	0.1%	0.23	0.1%	0.35	0.1%	0.27	0.1%
Usd Dividend Per Share	1.02	0.4%	1.02	0.4%	0.91	0.4%	0.63	0.3%	0.43	0.2%
Usd Total Gains Per Share	1.47	0.6%	1.37	0.6%	1.14	0.5%	0.99	0.4%	0.70	0.3%
Usd Price Per Share	215.03	-	218.56	-	209.52	-	170.37	-	123.08	-
Price to Earnings Ratio	23.60	-	23.84	-	23.59	-	23.95	-	25.26	-
Price-to-Total Gains Ratio	146.13	-	-1,151.02	-	12.52	-	-554.82	-	-528.69	-
Price to Book Ratio	10.88	-	11.66	-	12.28	-	10.41	-	8.84	-
Price-to-Total Gains Ratio	146.13	-	-1,151.02	-	12.52	-	-554.82	-	-528.69	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	247.39
Number of shares	4

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	1.02	0.63
Usd Book Value Change Per Share	0.35	0.35
Usd Total Gains Per Share	1.37	0.99
Gains per Quarter (4 shares)	5.50	3.94
Gains per Year (4 shares)	22.00	15.78

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	16	6	12	10	6	6
2	33	11	34	20	11	22
3	49	17	56	30	17	38
4	66	22	78	40	23	54
5	82	28	100	51	28	70
6	98	34	122	61	34	86
7	115	39	144	71	40	102
8	131	45	166	81	45	118
9	147	50	188	91	51	134
10	164	56	210	101	57	150

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%	40.0	0.0	0.0	100.0%	110.0	11.0	0.0	90.9%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	13.0	7.0	0.0	65.0%	26.0	13.0	1.0	65.0%	88.0	30.0	3.0	72.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	61.0	0.0	60.0	50.4%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	29.0	11.0	0.0	72.5%	94.0	27.0	0.0	77.7%

Fundamentals of Tractor Supply Company

About Tractor Supply Company

https://www.tractorsupply.com
Specialty Retail
25000
5401 Virginia Way, Brentwood, TN, United States, 37027
Google Maps Bing Maps

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. It provides its products under the 4health, Paws & Claws, American Farmworks, Producer's Pride, Bit & Bridle, Red Shed, Blue Mountain, Redstone, C.E. Schmidt, Retriever, Country Lane, Ridgecut, Countyline, Royal Wing, Country Tuff, Strive, Dumor, Traveller, Farm Table, Treeline, Groundwork, TSC Tractor Supply Co, Huskee, Untamed, and JobSmart brand names. The company operates its retail stores under the Tractor Supply Company, Petsense by Tractor Supply, and Orscheln Farm and Home names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. Tractor Supply Company was founded in 1938 and is based in Brentwood, Tennessee.

Fundamental data was last updated by Penke on 2024-04-12 20:33:06.

Financial Health

Profitability Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

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

1.1. Profitability of Tractor Supply Company.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Tractor Supply Company earns for each $1 of revenue.

Above 10% is considered healthy but always compare Tractor Supply Company to the Specialty Retail industry mean.
A Net Profit Margin of 6.8% means that $0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Tractor Supply Company:

The MRQ is 6.8%. The company is making a profit. +1
The TTM is 7.5%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	6.8%	TTM	7.5%	-0.7%
TTM	7.5%	YOY	7.6%	-0.1%
TTM	7.5%	5Y	7.2%	+0.3%
5Y	7.2%	10Y	6.8%	+0.4%

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	6.8%	2.1%	+4.7%
TTM	7.5%	2.0%	+5.5%
YOY	7.6%	2.7%	+4.9%
5Y	7.2%	2.0%	+5.2%
10Y	6.8%	2.3%	+4.5%

Measures how much net profit Tractor Supply Company earns for each $1 of revenue.

Revenue is the amount of profit Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail industry mean.
Can be used to compare companies within the Specialty Retail industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Tractor Supply Company. If profit margins remain low (compared to the Specialty Retail 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 Tractor Supply Company is 0.07. This means that Tractor Supply Company earned $0.07 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 Specialty Retail industry is 2.1%.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company with other companies in the same industry (Specialty Retail).
Net profit margin should rise over the years.
Can be influenced when Tractor Supply Company sells assets (profit will increase while costs remain the same).
It won’t show what part of Tractor Supply Company 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 Tractor Supply Company

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 Tractor Supply Company = 247,903
Total revenue MRQ Tractor Supply Company = 3,659,841
$247,903 / $3,659,841 = 0.07 or 6.8%

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 Tractor Supply Company is using its assets to generate profit.

Above 5% is considered healthy but always compare Tractor Supply Company to the Specialty Retail industry mean.
2.7% Return on Assets means that Tractor Supply Company generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Tractor Supply Company:

The MRQ is 2.7%. Using its assets, the company is less efficient in making profit.
The TTM is 3.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.7%	TTM	3.1%	-0.4%
TTM	3.1%	YOY	3.4%	-0.4%
TTM	3.1%	5Y	3.0%	+0.0%
5Y	3.0%	10Y	3.7%	-0.7%

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	2.7%	1.2%	+1.5%
TTM	3.1%	1.0%	+2.1%
YOY	3.4%	1.5%	+1.9%
5Y	3.0%	1.0%	+2.0%
10Y	3.7%	1.5%	+2.2%

Shows how efficient Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Tractor Supply Company is using its resources to generate profit. If the return on assets (2.7%) from Tractor Supply Company are higher than the Specialty Retail mean (1.2%) that means Tractor Supply Company 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 Tractor Supply Company is 2.7%. 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 Specialty Retail industry is 1.2%.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

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

Income statement
Balance sheet

Net income MRQ (income statement) from Tractor Supply Company = 247,903
Total assets MRQ (balance sheet) from Tractor Supply Company = 9,188,151
247,903 / 9,188,151 = 0.03 or 2.7%

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

Above 15%-20% is considered healthy but always compare Tractor Supply Company to the Specialty Retail industry mean.
11.5% Return on Equity means Tractor Supply Company generated $0.12 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Tractor Supply Company:

The MRQ is 11.5%. Using its investors money, the company is less efficient in making profit.
The TTM is 13.3%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	11.5%	TTM	13.3%	-1.8%
TTM	13.3%	YOY	14.1%	-0.8%
TTM	13.3%	5Y	12.0%	+1.3%
5Y	12.0%	10Y	10.1%	+1.9%

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	11.5%	3.6%	+7.9%
TTM	13.3%	2.9%	+10.4%
YOY	14.1%	3.8%	+10.3%
5Y	12.0%	3.3%	+8.7%
10Y	10.1%	4.0%	+6.1%

Shows how efficient Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Specialty Retail 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 Tractor Supply Company is 11.5%. This means Tractor Supply Company generated $0.12 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Specialty Retail industry is 3.6%.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company up to 10 years back (depending if Tractor Supply 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.
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 Tractor Supply Company

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Tractor Supply Company = 247,903
Shareholders equity (balance sheet) MRQ Tractor Supply Company = 2,149,762
247,903 / 2,149,762 = 0.12 or 11.5%

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 Tractor Supply Company.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Tractor Supply Company is operating .

Measures how much profit Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail industry mean.
An Operating Margin of 9.1% means the company generated $0.09 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Tractor Supply Company:

The MRQ is 9.1%. The company is operating less efficient.
The TTM is 10.0%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	9.1%	TTM	10.0%	-0.8%
TTM	10.0%	YOY	10.0%	+0.0%
TTM	10.0%	5Y	9.7%	+0.3%
5Y	9.7%	10Y	9.8%	-0.2%

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	9.1%	4.6%	+4.5%
TTM	10.0%	3.0%	+7.0%
YOY	10.0%	4.8%	+5.2%
5Y	9.7%	3.7%	+6.0%
10Y	9.8%	3.9%	+5.9%

Measures how efficient Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Tractor Supply Company 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 Tractor Supply Company is 9.1%. This means that Tractor Supply Company earned $0.09 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Specialty Retail industry is 4.6%.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Tractor Supply Company = 334,235
Total revenue MRQ Tractor Supply Company = 3,659,841
$334,235 / $3,659,841 = 0.09 or 9.1%

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 Tractor Supply Company is keeping operating costs low.

Below 1 is considered healthy (always compare to Specialty Retail industry mean).
An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Tractor Supply Company:

The MRQ is 0.909. The company is less efficient in keeping operating costs low.
The TTM is 0.900. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.909	TTM	0.900	+0.008
TTM	0.900	YOY	0.900	0.000
TTM	0.900	5Y	0.903	-0.003
5Y	0.903	10Y	0.902	+0.002

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.909	1.251	-0.342
TTM	0.900	1.142	-0.242
YOY	0.900	0.992	-0.092
5Y	0.903	1.042	-0.139
10Y	0.902	1.021	-0.119

Measures how efficient Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Tractor Supply Company is 90.9%. This means that Tractor Supply Company earned $0.91 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 Specialty Retail industry is 1.25.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

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
(2,366,778 +958,828) \ 3,659,841 = 0.91

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 Tractor Supply Company.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Tractor Supply Company is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Specialty Retail industry mean).
A Current Ratio of 1.50 means the company has $1.50 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Tractor Supply Company:

The MRQ is 1.499. The company is just able to pay all its short-term debts.
The TTM is 1.524. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.499	TTM	1.524	-0.024
TTM	1.524	YOY	1.424	+0.100
TTM	1.524	5Y	1.552	-0.029
5Y	1.552	10Y	1.787	-0.235

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	1.499	1.342	+0.157
TTM	1.524	1.327	+0.197
YOY	1.424	1.385	+0.039
5Y	1.552	1.292	+0.260
10Y	1.787	1.366	+0.421

Measures if Tractor Supply Company 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 Specialty Retail 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 Tractor Supply Company 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 Tractor Supply Company is 1.50. This means Tractor Supply Company has $1.50 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Retail industry is 1.34.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,263,939 \ 2,177,082) = 1.50

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

Above 1 is considered healthy but always compare Tractor Supply Company to the Specialty Retail industry mean.
A Quick Ratio of 0.18 means the company can pay off $0.18 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Tractor Supply Company:

The MRQ is 0.184. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.181. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.184	TTM	0.181	+0.002
TTM	0.181	YOY	0.155	+0.026
TTM	0.181	5Y	0.307	-0.126
5Y	0.307	10Y	0.211	+0.096

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.184	0.389	-0.205
TTM	0.181	0.420	-0.239
YOY	0.155	0.496	-0.341
5Y	0.307	0.510	-0.203
10Y	0.211	0.546	-0.335

Measures if Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Tractor Supply Company can pay off its short term debts. This shows if Tractor Supply Company 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 Tractor Supply Company is 0.18. This means that Tractor Supply Company can pay off $0.18 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Retail industry is 0.39.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

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 Tractor Supply Company: (397,071 + 0 +2,461) / 2,177,082 = 0.18

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 Tractor Supply Company.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Tractor Supply Company assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Tractor Supply Company to Specialty Retail industry mean.
A Debt to Asset Ratio of 0.77 means that Tractor Supply Company assets are financed with 76.6% credit (debt) and the remaining percentage (100% - 76.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Tractor Supply Company:

The MRQ is 0.766. The company is just able to pay all its debts by selling its assets.
The TTM is 0.772. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.766	TTM	0.772	-0.006
TTM	0.772	YOY	0.760	+0.013
TTM	0.772	5Y	0.747	+0.026
5Y	0.747	10Y	0.605	+0.141

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.766	0.603	+0.163
TTM	0.772	0.601	+0.171
YOY	0.760	0.591	+0.169
5Y	0.747	0.604	+0.143
10Y	0.605	0.582	+0.023

Measures how much % of Tractor Supply Company assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Tractor Supply Company than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Tractor Supply Company to Specialty Retail 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 Tractor Supply Company is 0.77. This means means that Tractor Supply Company is financed with 76.6% 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 Specialty Retail industry is 134.2%.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Tractor Supply Company

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

Balance sheet
Debt to asset ratio = total debt \ total assets
7,038,389 \ 9,188,151 = 76.6% or 0.77.

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 Tractor Supply Company is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Tractor Supply Company to the Specialty Retail industry mean.
A Debt to Equity ratio of 327.4% means that company has $3.27 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Tractor Supply Company:

The MRQ is 3.274. The company is unable to pay all its debts with equity. -1
The TTM is 3.396. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.274	TTM	3.396	-0.122
TTM	3.396	YOY	3.160	+0.236
TTM	3.396	5Y	2.978	+0.418
5Y	2.978	10Y	1.935	+1.043

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
MRQ	3.274	1.502	+1.772
TTM	3.396	1.462	+1.934
YOY	3.160	1.437	+1.723
5Y	2.978	1.505	+1.473
10Y	1.935	1.511	+0.424

Measures if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company is 3.27. This means that Tractor Supply Company can pay off $3.27 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Retail industry is 1.50.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
7,038,389 \ 2,149,762 = 3.27 or 327.4%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Tractor Supply Company

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 Tractor Supply Company generates.

Above 15 is considered overpriced but always compare Tractor Supply Company to the Specialty Retail industry mean.
A PE ratio of 23.60 means the investor is paying $23.60 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Tractor Supply Company:

The EOD is 27.148. Based on the earnings, the company is overpriced. -1
The MRQ is 23.597. Based on the earnings, the company is fair priced.
The TTM is 23.839. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	27.148	MRQ	23.597	+3.551
MRQ	23.597	TTM	23.839	-0.242
TTM	23.839	YOY	23.587	+0.253
TTM	23.839	5Y	23.946	-0.106
5Y	23.946	10Y	25.262	-1.316

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
EOD	27.148	7.385	+19.763
MRQ	23.597	7.300	+16.297
TTM	23.839	8.137	+15.702
YOY	23.587	8.930	+14.657
5Y	23.946	10.597	+13.349
10Y	25.262	14.912	+10.350

Measures how much money you pay for each share for every $1 in earnings Tractor Supply Company 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 Tractor Supply Company to the Specialty Retail 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 Tractor Supply Company is 23.60. This means the investor is paying $23.60 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Retail industry is 7.30.
What is the trend?
The trend is important because it shows you how Tractor Supply Company is performing over time. The most recent quarter might be important if Tractor Supply Company 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 Tractor Supply Company 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 Tractor Supply Company

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 \ 108,819 = EPS
PE ratio MRQ = 23.60

* 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 Tractor Supply Company:

The EOD is 39.836. Based on how much money comes from the company's main activities, the company is fair priced.
The MRQ is 34.625. Based on how much money comes from the company's main activities, the company is fair priced.
The TTM is -64.885. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	39.836	MRQ	34.625	+5.211
MRQ	34.625	TTM	-64.885	+99.510
TTM	-64.885	YOY	-30.928	-33.957
TTM	-64.885	5Y	24.927	-89.812
5Y	24.927	10Y	38.727	-13.801

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
EOD	39.836	2.457	+37.379
MRQ	34.625	2.757	+31.868
TTM	-64.885	1.842	-66.727
YOY	-30.928	3.370	-34.298
5Y	24.927	2.340	+22.587
10Y	38.727	2.022	+36.705

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Specialty Retail industry mean).
A PB ratio of 10.88 means the investor is paying $10.88 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Tractor Supply Company:

The EOD is 12.523. Based on the equity, the company is expensive. -2
The MRQ is 10.885. Based on the equity, the company is expensive. -2
The TTM is 11.665. Based on the equity, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	12.523	MRQ	10.885	+1.638
MRQ	10.885	TTM	11.665	-0.780
TTM	11.665	YOY	12.279	-0.614
TTM	11.665	5Y	10.406	+1.259
5Y	10.406	10Y	8.845	+1.561

Compared to industry (Specialty Retail)

Period	Company	Industry (mean)	+/-
EOD	12.523	1.404	+11.119
MRQ	10.885	1.469	+9.416
TTM	11.665	1.501	+10.164
YOY	12.279	1.907	+10.372
5Y	10.406	1.844	+8.562
10Y	8.845	2.007	+6.838

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Tractor Supply Company.

3.1. Institutions holding Tractor Supply Company

Institutions are holding 100.769% of the shares of Tractor Supply Company.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.8655	0.0602	12804873	48439	0.3797
2023-12-31	BlackRock Inc	8.9317	0.0529	9638735	14750	0.1533
2023-12-31	Capital Research & Mgmt Co - Division 3	5.7765	0.3005	6233852	439954	7.5934
2023-12-31	Capital World Investors	5.4201	0.2237	5849188	531170	9.9881
2023-12-31	State Street Corporation	4.2929	0.0485	4632737	10145	0.2195
2023-12-31	Wellington Management Company LLP	4.2685	0.1847	4606455	1784304	63.225
2023-12-31	T. Rowe Price Associates, Inc.	2.7445	0.0856	2961762	2169088	273.6419
2023-12-31	Geode Capital Management, LLC	2.4727	0.0599	2668412	57858	2.2163
2023-12-31	Amvescap Plc.	2.3558	0.1301	2542269	518087	25.5949
2023-12-31	AllianceBernstein L.P.	1.9874	0.1775	2144736	-790088	-26.9211
2023-12-31	JPMorgan Chase & Co	1.8226	0.0406	1966852	-212569	-9.7535
2023-12-31	Select Equity Group LP	1.6805	1.388	1813582	331788	22.391
2023-12-31	Stifel Financial Corp	1.4729	0.4301	1589461	6879	0.4347
2023-12-31	Morgan Stanley - Brokerage Accounts	1.4254	0.0292	1538209	20071	1.3221
2023-12-31	Goldman Sachs Group Inc	1.2272	0.0256	1324314	816033	160.5476
2023-12-31	Wells Fargo & Co	1.1504	0.0696	1241518	-16274	-1.2939
2023-12-31	NORGES BANK	1.1228	0.0455	1211738	34086	2.8944
2023-12-31	Amundi	1.0694	0.1137	1154038	9259	0.8088
2023-12-31	Northern Trust Corp	1.0185	0.0428	1099167	-82997	-7.0208
2023-12-31	Legal & General Group PLC	1.0078	0.06	1087583	80484	7.9917
Total		63.1131	3.5687	68109481	+5770467	+8.5%

3.2. Funds holding Tractor Supply Company

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	AF High Growth (AFRIS)	4.6814	0.0674	5052734	5052734	0
2023-12-31	Capital Group Growth Fnd of Amer Comp	3.2526	0.3032	3510644	0	0
2023-12-31	American Funds Growth Fund of Amer A	3.2526	0.3032	3510644	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1335	0.0555	3382065	-7392	-0.2181
2023-12-31	American Funds Washington Mutual A	2.6643	0.3676	2875598	120149	4.3604
2023-12-31	Capital Group Wash Mutual Invtrs Comp	2.6643	0.3676	2875598	120149	4.3604
2024-02-29	Vanguard Institutional 500 Index Trust	2.5006	0.0642	2698906	26417	0.9885
2024-02-29	Vanguard Mid Cap Index Institutional	2.2383	0.3837	2415866	-6352	-0.2622
2024-02-29	Global Balanced (AFRIS)	2.1476	0.1481	2317922	2317922	0
2023-12-31	Vanguard Equity-Income Inv	1.4982	0.6428	1617062	231650	16.7207
2024-03-28	SPDR® S&P 500 ETF Trust	1.2172	0.064	1313788	7680	0.588
2024-02-29	Fidelity 500 Index	1.2014	0.064	1296660	13047	1.0164
2024-03-28	iShares Core S&P 500 ETF	1.0381	0.064	1120491	8192	0.7365
2024-02-29	Vanguard Growth Index Investor	0.9314	0.115	1005268	8814	0.8845
2023-12-31	American Funds American Balanced A	0.9265	0.1018	1000000	500000	100
2023-12-25	Invesco World Dev Countries Eq Mother	0.9155	2.6087	988169	988169	0
2023-12-31	Vanguard Wellington™ Inv	0.8998	0.1944	971129	971129	0
2023-12-31	American Funds Fundamental Invs A	0.8912	0.1654	961918	0	0
2023-12-31	Capital Group Fundamental Invtrs Comp	0.8912	0.1654	961918	0	0
Total		36.9457	6.246	39876380	+10352308	+26.0%

3.3. Insider Transactions

Insiders are holding 0.271% of the shares of Tractor Supply Company.

Date	Owner	Type	Amount	Price
2024-03-15	Kurt D Barton	SELL	4335	257
2024-02-28	Colin Yankee	SELL	8675	250
2024-02-15	Matthew L Rubin	SELL	725	238.09
2024-02-14	Robert D Mills	SELL	48334	232.23
2024-02-13	Kurt D Barton	SELL	401	232.06
2024-02-08	Harry A Lawton Iii	SELL	20500	232.93
2024-02-08	Jonathan S Estep	SELL	7120	232.26
2023-08-14	Kurt D Barton	SELL	7487	222.43
2023-05-17	Jonathan S Estep	SELL	12074	226.2
2023-05-16	Kurt D Barton	SELL	9091	227.35
2023-05-16	Robert D Mills	SELL	7982	227.35
2023-04-20	Colin Yankee	SELL	1335	250

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Tractor Supply Company 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	-	-	0.448	0.350	+28%	0.227	+98%	0.354	+27%	0.274	+63%
Book Value Per Share	-	-	19.755	18.828	+5%	17.141	+15%	16.024	+23%	13.243	+49%
Current Ratio	-	-	1.499	1.524	-2%	1.424	+5%	1.552	-3%	1.787	-16%
Debt To Asset Ratio	-	-	0.766	0.772	-1%	0.760	+1%	0.747	+3%	0.605	+27%
Debt To Equity Ratio	-	-	3.274	3.396	-4%	3.160	+4%	2.978	+10%	1.935	+69%
Dividend Per Share	-	-	1.024	1.024	0%	0.913	+12%	0.632	+62%	0.430	+138%
Eps	-	-	2.278	2.523	-10%	2.428	-6%	1.973	+15%	1.400	+63%
Free Cash Flow Per Share	-	-	1.553	1.324	+17%	1.306	+19%	1.463	+6%	1.093	+42%
Free Cash Flow To Equity Per Share	-	-	-0.490	0.208	-336%	-0.778	+59%	0.219	-324%	0.142	-445%
Gross Profit Margin	-	-	1.000	1.000	0%	0.913	+10%	0.983	+2%	0.976	+3%
Intrinsic Value_10Y_max	-	-	48.377	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	3.636	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.958	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	3.716	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	14.812	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	8.329	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	24.565	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	9.797	-	-	-	-	-	-	-	-
Market Cap	26701297480.000	+12%	23399349570.000	23992318502.500	-2%	23508289280.000	0%	19450328538.000	+20%	14740893834.250	+59%
Net Profit Margin	-	-	0.068	0.075	-9%	0.076	-10%	0.072	-6%	0.068	-1%
Operating Margin	-	-	0.091	0.100	-8%	0.100	-8%	0.097	-5%	0.098	-7%
Operating Ratio	-	-	0.909	0.900	+1%	0.900	+1%	0.903	+1%	0.902	+1%
Pb Ratio	12.523	+13%	10.885	11.665	-7%	12.279	-11%	10.406	+5%	8.845	+23%
Pe Ratio	27.148	+13%	23.597	23.839	-1%	23.587	+0%	23.946	-1%	25.262	-7%
Price Per Share	247.390	+13%	215.030	218.555	-2%	209.518	+3%	170.367	+26%	123.084	+75%
Price To Free Cash Flow Ratio	39.836	+13%	34.625	-64.885	+287%	-30.928	+189%	24.927	+39%	38.727	-11%
Price To Total Gains Ratio	168.118	+13%	146.127	-1151.023	+888%	12.522	+1067%	-554.818	+480%	-528.691	+462%
Quick Ratio	-	-	0.184	0.181	+1%	0.155	+19%	0.307	-40%	0.211	-13%
Return On Assets	-	-	0.027	0.031	-12%	0.034	-21%	0.030	-11%	0.037	-27%
Return On Equity	-	-	0.115	0.133	-14%	0.141	-18%	0.120	-4%	0.101	+14%
Total Gains Per Share	-	-	1.472	1.375	+7%	1.140	+29%	0.986	+49%	0.704	+109%
Usd Book Value	-	-	2149762000.000	2065647750.000	+4%	1921862500.000	+12%	1837224650.000	+17%	1608253050.000	+34%
Usd Book Value Change Per Share	-	-	0.448	0.350	+28%	0.227	+98%	0.354	+27%	0.274	+63%
Usd Book Value Per Share	-	-	19.755	18.828	+5%	17.141	+15%	16.024	+23%	13.243	+49%
Usd Dividend Per Share	-	-	1.024	1.024	0%	0.913	+12%	0.632	+62%	0.430	+138%
Usd Eps	-	-	2.278	2.523	-10%	2.428	-6%	1.973	+15%	1.400	+63%
Usd Free Cash Flow	-	-	168947000.000	145037500.000	+16%	145902500.000	+16%	168441400.000	+0%	131607025.000	+28%
Usd Free Cash Flow Per Share	-	-	1.553	1.324	+17%	1.306	+19%	1.463	+6%	1.093	+42%
Usd Free Cash Flow To Equity Per Share	-	-	-0.490	0.208	-336%	-0.778	+59%	0.219	-324%	0.142	-445%
Usd Market Cap	26701297480.000	+12%	23399349570.000	23992318502.500	-2%	23508289280.000	0%	19450328538.000	+20%	14740893834.250	+59%
Usd Price Per Share	247.390	+13%	215.030	218.555	-2%	209.518	+3%	170.367	+26%	123.084	+75%
Usd Profit	-	-	247903000.000	276806500.000	-10%	272178000.000	-9%	225218200.000	+10%	169058050.000	+47%
Usd Revenue	-	-	3659841000.000	3638935250.000	+1%	3551179250.000	+3%	3023192300.000	+21%	2368730650.000	+55%
Usd Total Gains Per Share	-	-	1.472	1.375	+7%	1.140	+29%	0.986	+49%	0.704	+109%
	EOD	+4 -4	MRQ	TTM	+18 -17	YOY	+21 -15	5Y	+22 -14	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of Tractor Supply Company based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	27.148
Price to Book Ratio (EOD)	Between	0-1	12.523
Net Profit Margin (MRQ)	Greater than	0	0.068
Operating Margin (MRQ)	Greater than	0	0.091
Quick Ratio (MRQ)	Greater than	1	0.184
Current Ratio (MRQ)	Greater than	1	1.499
Debt to Asset Ratio (MRQ)	Less than	1	0.766
Debt to Equity Ratio (MRQ)	Less than	1	3.274
Return on Equity (MRQ)	Greater than	0.15	0.115
Return on Assets (MRQ)	Greater than	0.05	0.027
Total			4/10 (40.0%)

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4.3. Technical Score

Let's check the technical score of Tractor Supply Company based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.183
Ma 20	Greater than	Ma 50	254.134
Ma 50	Greater than	Ma 100	248.611
Ma 100	Greater than	Ma 200	233.050
Open	Greater than	Close	245.870
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

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

Summary

Total Assets	9,188,151
Total Liabilities	7,038,389
Total Stockholder Equity	2,149,762

	As reported
Total Liabilities	7,038,389
Total Stockholder Equity	+ 2,149,762
Total Assets	= 9,188,151

Assets

Total Assets	9,188,151
Total Current Assets	3,263,939
Long-term Assets	5,924,212

Total Current Assets

Total Current Assets (as reported)	3,263,939
Cash And Cash Equivalents	397,071
Net Receivables	2,461
Inventory	2,645,854
Other Current Assets	218,553
Total Current Assets (calculated)	3,263,939
+/-	0

Long-term Assets

Long-term Assets (as reported)	5,924,212
Property Plant Equipment	5,579,155
Goodwill	246,419
Intangible Assets	23,101
Long-term Assets Other	22,242
Long-term Assets (calculated)	5,870,917
+/-	53,295

Liabilities & Shareholders' Equity

Total Current Liabilities	2,177,082
Long-term Liabilities	4,861,307
Total Stockholder Equity	2,149,762

Total Current Liabilities

Total Current Liabilities (as reported)	2,177,082
Short-term Debt	372,772
Accounts payable	1,179,803
Other Current Liabilities	624,507
Total Current Liabilities (calculated)	2,177,082
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	4,861,307
Long term Debt	1,729,000
Capital Lease Obligations Min Short Term Debt	2,934,246
Long-term Liabilities Other	138,029
Long-term Liabilities (calculated)	4,801,275
+/-	60,032

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,149,762
Common Stock	1,419
Retained Earnings	6,281,959
Accumulated Other Comprehensive Income	6,793
Other Stockholders Equity	-4,140,409
Total Stockholder Equity (calculated)	2,149,762
+/-	0

Other

Capital Stock	1,419
Cash and Short Term Investments	397,071
Common Stock Shares Outstanding	108,819
Liabilities and Stockholders Equity	9,188,151
Net Debt	4,638,911
Net Invested Capital	3,878,762
Net Working Capital	1,086,857
Property Plant and Equipment Gross	7,870,683
Short Long Term Debt Total	5,035,982

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

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2016-09-30

2016-06-30

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2015-12-31

2015-09-30

2015-06-30

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2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1987-03-31

> Total Assets

229,100
0
0
0
116,800
152,300
161,300
154,900
146,200
172,600
166,800
185,000
174,100
207,800
202,900
202,500
195,600
229,100
227,900
240,900
224,100
287,100
266,700
267,600
264,600
325,400
338,600
329,400
302,600
379,736
363,241
375,529
332,296
381,176
357,628
365,607
338,482
446,547
496,792
495,596
458,919
557,207
536,149
589,386
536,209
639,989
683,715
694,194
678,485
805,196
814,709
816,538
814,795
974,256
976,423
988,264
1,007,992
1,135,947
1,135,813
1,133,604
1,057,971
1,188,071
1,176,319
1,165,002
1,075,997
1,200,436
1,171,511
1,242,097
1,230,845
1,340,543
1,363,243
1,428,058
1,463,474
1,582,863
1,582,863
1,547,850
1,594,832
1,722,412
1,722,412
1,716,303
1,706,808
1,881,328
1,846,424
1,919,306
1,903,391
2,025,528
2,025,528
2,188,698
2,034,571
2,322,010
2,271,270
2,440,586
2,370,826
2,564,528
2,578,766
2,635,733
2,674,942
2,976,402
2,815,572
2,928,351
2,868,769
3,207,787
3,067,406
3,220,934
3,085,262
5,437,201
5,312,719
5,429,296
5,289,268
6,002,405
6,611,075
6,860,797
7,049,116
7,359,679
7,687,888
7,745,194
7,767,467
7,686,808
7,869,194
7,911,728
8,489,990
8,848,815
9,032,823
9,205,014
9,188,151

9,188,151

9,205,014

9,032,823

8,848,815

8,489,990

7,911,728

7,869,194

7,686,808

7,767,467

7,745,194

7,687,888

7,359,679

7,049,116

6,860,797

6,611,075

6,002,405

5,289,268

5,429,296

5,312,719

5,437,201

3,085,262

3,220,934

3,067,406

3,207,787

2,868,769

2,928,351

2,815,572

2,976,402

2,674,942

2,635,733

2,578,766

2,564,528

2,370,826

2,440,586

2,271,270

2,322,010

2,034,571

2,188,698

2,025,528

1,903,391

1,919,306

1,846,424

1,881,328

1,706,808

1,716,303

1,722,412

1,594,832

1,547,850

1,582,863

1,463,474

1,428,058

1,363,243

1,340,543

1,230,845

1,242,097

1,171,511

1,200,436

1,075,997

1,165,002

1,176,319

1,188,071

1,057,971

1,133,604

1,135,813

1,135,947

1,007,992

988,264

976,423

974,256

814,795

816,538

814,709

805,196

678,485

694,194

683,715

639,989

536,209

589,386

536,149

557,207

458,919

495,596

496,792

446,547

338,482

365,607

357,628

381,176

332,296

375,529

363,241

379,736

302,600

329,400

338,600

325,400

264,600

267,600

266,700

287,100

224,100

240,900

227,900

229,100

195,600

202,500

202,900

207,800

174,100

185,000

166,800

172,600

146,200

154,900

161,300

152,300

116,800

229,100

> Total Current Assets

175,400
0
0
0
78,700
113,900
121,600
114,700
104,200
130,400
123,000
140,000
126,500
159,800
154,200
153,200
143,600
175,400
174,200
187,100
169,600
231,700
208,000
207,300
201,800
257,000
268,000
257,300
225,900
300,038
279,912
291,706
247,233
296,556
273,941
281,622
251,962
332,956
373,534
367,211
332,270
428,166
402,851
437,682
383,326
467,729
506,917
503,993
458,405
587,277
585,821
561,997
531,413
678,433
669,824
676,618
679,345
802,124
782,964
770,037
691,924
807,979
785,233
773,893
684,303
805,346
776,370
850,654
834,329
945,919
957,219
1,011,670
1,043,717
1,129,233
1,129,233
1,072,396
1,090,249
1,198,249
1,198,249
1,161,924
1,130,052
1,267,391
1,205,681
1,253,618
1,209,248
1,284,185
1,284,185
1,426,587
1,273,990
1,526,915
1,449,507
1,573,364
1,485,431
1,626,050
1,588,535
1,629,756
1,517,809
1,824,260
1,630,522
1,741,995
1,655,368
1,984,093
1,810,728
1,941,708
1,794,399
2,079,085
1,937,808
2,005,498
1,787,887
2,480,239
3,030,112
3,170,962
3,258,685
3,380,834
3,567,143
3,467,861
3,250,440
3,168,275
3,230,396
3,109,805
3,157,775
3,458,921
3,577,274
3,534,114
3,263,939

3,263,939

3,534,114

3,577,274

3,458,921

3,157,775

3,109,805

3,230,396

3,168,275

3,250,440

3,467,861

3,567,143

3,380,834

3,258,685

3,170,962

3,030,112

2,480,239

1,787,887

2,005,498

1,937,808

2,079,085

1,794,399

1,941,708

1,810,728

1,984,093

1,655,368

1,741,995

1,630,522

1,824,260

1,517,809

1,629,756

1,588,535

1,626,050

1,485,431

1,573,364

1,449,507

1,526,915

1,273,990

1,426,587

1,284,185

1,209,248

1,253,618

1,205,681

1,267,391

1,130,052

1,161,924

1,198,249

1,090,249

1,072,396

1,129,233

1,043,717

1,011,670

957,219

945,919

834,329

850,654

776,370

805,346

684,303

773,893

785,233

807,979

691,924

770,037

782,964

802,124

679,345

676,618

669,824

678,433

531,413

561,997

585,821

587,277

458,405

503,993

506,917

467,729

383,326

437,682

402,851

428,166

332,270

367,211

373,534

332,956

251,962

281,622

273,941

296,556

247,233

291,706

279,912

300,038

225,900

257,300

268,000

257,000

201,800

207,300

208,000

231,700

169,600

187,100

174,200

175,400

143,600

153,200

154,200

159,800

126,500

140,000

123,000

130,400

104,200

114,700

121,600

113,900

78,700

175,400

Cash And Cash Equivalents

7,900
0
0
0
3,500
14,100
23,400
6,600
14,000
10,600
7,300
9,800
5,100
6,600
15,500
11,100
12,900
7,900
11,700
8,300
8,500
11,000
8,200
6,400
18,200
21,600
8,800
8,200
7,000
10,260
12,766
9,189
9,145
14,272
9,690
14,069
8,927
14,766
15,611
14,256
13,773
25,227
17,832
30,903
19,980
24,066
66,421
23,488
28,941
37,890
66,358
25,659
21,203
39,621
43,354
26,180
37,605
35,786
43,404
25,722
13,700
17,383
62,957
16,583
37,232
37,364
91,845
94,871
172,851
138,060
181,079
170,920
257,339
185,517
185,517
96,590
176,965
179,100
179,100
70,185
138,630
57,022
55,698
45,988
142,743
55,965
55,965
47,510
51,134
57,133
56,317
51,352
63,813
74,501
151,112
55,507
53,916
72,701
67,793
70,046
109,148
132,398
69,954
71,302
86,299
102,215
104,018
82,640
84,241
461,473
1,206,366
1,111,986
1,341,756
1,149,930
1,412,001
1,111,711
878,030
405,432
530,822
211,241
202,502
190,078
620,031
421,693
397,071

397,071

421,693

620,031

190,078

202,502

211,241

530,822

405,432

878,030

1,111,711

1,412,001

1,149,930

1,341,756

1,111,986

1,206,366

461,473

84,241

82,640

104,018

102,215

86,299

71,302

69,954

132,398

109,148

70,046

67,793

72,701

53,916

55,507

151,112

74,501

63,813

51,352

56,317

57,133

51,134

47,510

55,965

142,743

45,988

55,698

57,022

138,630

70,185

179,100

176,965

96,590

185,517

257,339

170,920

181,079

138,060

172,851

94,871

91,845

37,364

37,232

16,583

62,957

17,383

13,700

25,722

43,404

35,786

37,605

26,180

43,354

39,621

21,203

25,659

66,358

37,890

28,941

23,488

66,421

24,066

19,980

30,903

17,832

25,227

13,773

14,256

15,611

14,766

8,927

14,069

9,690

14,272

9,145

9,189

12,766

10,260

7,000

8,200

8,800

21,600

18,200

6,400

8,200

11,000

8,500

8,300

11,700

7,900

12,900

11,100

15,500

6,600

5,100

9,800

7,300

10,600

14,000

6,600

23,400

14,100

3,500

7,900

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
0
0
0
15,913
15,913
15,913
15,913
21,870
21,870
21,870
21,870
8,800
8,400
8,400
8,400
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

8,400

8,800

21,870

15,913

Net Receivables

6,900
0
0
0
1,900
3,800
2,900
2,600
2,200
4,200
3,700
3,200
3,700
3,900
4,300
4,700
4,900
6,900
6,300
5,900
5,200
13,400
11,700
8,700
5,600
15,200
13,500
10,400
6,800
20,004
10,019
6,876
7,683
6,410
6,565
4,500
6,516
6,486
11,198
2,687
102
32,354
26,909
29,319
35,192
38,490
30,974
42,621
42,065
46,562
44,301
47,911
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,320
0
0
0
0
11,861
11,758
14,747
22,337
14,041
19,960
27,429
31,498
15,614
14,446
19,823
29,838
25,515
25,515
33,317
40,962
33,850
38,005
42,628
3,763
16,921
3,311
16,335
3,680
7,339
4,066
4,776
4,760
4,815
5,115
23,655
4,111
4,846
5,589
5,600
0
25,888
26,757
7,838
30,484
35,475
37,571
6,827
17,100
9,030
8,430
8,430
0
2,621
0
0
2,461

2,461

2,621

8,430

9,030

17,100

6,827

37,571

35,475

30,484

7,838

26,757

25,888

5,600

5,589

4,846

4,111

23,655

5,115

4,815

4,760

4,776

4,066

7,339

3,680

16,335

3,311

16,921

3,763

42,628

38,005

33,850

40,962

33,317

25,515

29,838

19,823

14,446

15,614

31,498

27,429

19,960

14,041

22,337

14,747

11,758

11,861

42,320

47,911

44,301

46,562

42,065

42,621

30,974

38,490

35,192

29,319

26,909

32,354

102

2,687

11,198

6,486

6,516

4,500

6,565

6,410

7,683

6,876

10,019

20,004

6,800

10,400

13,500

15,200

5,600

8,700

11,700

13,400

5,200

5,900

6,300

6,900

4,900

4,700

4,300

3,900

3,700

3,200

3,700

4,200

2,200

2,600

2,900

3,800

1,900

6,900

Inventory

158,500
0
0
0
69,800
92,400
93,700
103,600
86,300
113,000
108,600
124,900
112,700
144,100
130,500
134,000
124,100
158,500
153,100
168,600
151,700
202,800
185,400
187,800
171,700
215,400
242,100
234,800
207,300
264,080
251,417
266,761
222,535
269,243
251,507
253,238
221,979
290,008
328,500
333,388
289,253
366,811
355,161
374,849
324,518
402,115
407,050
435,007
385,127
501,121
474,194
487,026
460,751
590,479
573,263
605,716
593,373
722,928
692,388
699,312
635,988
747,531
683,317
716,806
603,435
730,127
644,925
703,989
601,249
755,617
702,405
758,683
736,520
875,483
875,483
913,738
830,819
946,934
946,934
1,020,140
908,116
1,142,900
1,082,861
1,142,013
979,308
1,154,585
1,154,585
1,295,824
1,115,450
1,370,965
1,293,146
1,414,562
1,284,375
1,470,691
1,366,499
1,489,934
1,369,656
1,657,761
1,468,254
1,591,555
1,453,208
1,760,065
1,632,280
1,737,273
1,589,542
1,881,332
1,733,150
1,812,772
1,602,781
1,905,913
1,688,508
1,915,040
1,783,270
2,084,677
1,992,824
2,199,773
2,191,192
2,568,179
2,485,138
2,678,193
2,709,597
3,030,712
2,660,052
2,834,247
2,645,854

2,645,854

2,834,247

2,660,052

3,030,712

2,709,597

2,678,193

2,485,138

2,568,179

2,191,192

2,199,773

1,992,824

2,084,677

1,783,270

1,915,040

1,688,508

1,905,913

1,602,781

1,812,772

1,733,150

1,881,332

1,589,542

1,737,273

1,632,280

1,760,065

1,453,208

1,591,555

1,468,254

1,657,761

1,369,656

1,489,934

1,366,499

1,470,691

1,284,375

1,414,562

1,293,146

1,370,965

1,115,450

1,295,824

1,154,585

979,308

1,142,013

1,082,861

1,142,900

908,116

1,020,140

946,934

830,819

913,738

875,483

736,520

758,683

702,405

755,617

601,249

703,989

644,925

730,127

603,435

716,806

683,317

747,531

635,988

699,312

692,388

722,928

593,373

605,716

573,263

590,479

460,751

487,026

474,194

501,121

385,127

435,007

407,050

402,115

324,518

374,849

355,161

366,811

289,253

333,388

328,500

290,008

221,979

253,238

251,507

269,243

222,535

266,761

251,417

264,080

207,300

234,800

242,100

215,400

171,700

187,800

185,400

202,800

151,700

168,600

153,100

158,500

124,100

134,000

130,500

144,100

112,700

124,900

108,600

113,000

86,300

103,600

93,700

92,400

69,800

158,500

Other Current Assets

2,100
0
0
0
3,500
3,600
1,600
1,900
1,700
2,600
3,400
2,100
5,000
5,200
3,900
3,400
1,700
2,100
3,100
4,300
4,200
4,500
2,700
4,400
6,300
4,800
3,600
3,900
4,800
5,694
5,710
8,880
7,870
6,631
6,179
9,800
18,900
4,430
4,331
4,261
3,779
3,774
2,949
2,611
3,636
3,058
2,472
2,877
2,272
1,704
968
1,401
49,459
48,333
53,207
44,722
48,367
43,410
47,172
45,003
42,236
43,065
38,959
40,504
43,636
37,855
39,600
51,794
17,909
52,242
57,822
66,154
33,945
68,233
68,233
62,068
82,465
72,215
72,215
71,599
51,808
51,855
52,676
45,794
57,359
48,120
48,120
49,936
66,444
64,967
62,039
64,822
87,510
80,858
67,613
67,980
90,557
86,459
90,409
75,618
88,252
86,815
103,379
109,478
114,447
90,692
95,051
104,486
100,865
112,853
135,238
136,098
133,659
146,227
162,318
149,550
164,118
185,634
214,436
211,941
245,676
235,510
297,191
278,174
218,553

218,553

278,174

297,191

235,510

245,676

211,941

214,436

185,634

164,118

149,550

162,318

146,227

133,659

136,098

135,238

112,853

100,865

104,486

95,051

90,692

114,447

109,478

103,379

86,815

88,252

75,618

90,409

86,459

90,557

67,980

67,613

80,858

87,510

64,822

62,039

64,967

66,444

49,936

48,120

57,359

45,794

52,676

51,855

51,808

71,599

72,215

82,465

62,068

68,233

33,945

66,154

57,822

52,242

17,909

51,794

39,600

37,855

43,636

40,504

38,959

43,065

42,236

45,003

47,172

43,410

48,367

44,722

53,207

48,333

49,459

1,401

968

1,704

2,272

2,877

2,472

3,058

3,636

2,611

2,949

3,774

3,779

4,261

4,331

4,430

18,900

9,800

6,179

6,631

7,870

8,880

5,710

5,694

4,800

3,900

3,600

4,800

6,300

4,400

2,700

4,500

4,200

4,300

3,100

2,100

1,700

3,400

3,900

5,200

5,000

2,100

3,400

2,600

1,700

1,900

1,600

3,600

3,500

2,100

> Long-term Assets

53,700
0
0
0
38,100
38,400
39,700
40,200
42,000
42,200
43,800
45,000
47,600
48,000
48,700
49,300
52,000
53,700
53,700
53,800
54,500
55,400
58,700
60,300
62,800
68,400
70,600
72,100
76,700
79,698
83,329
83,823
85,063
84,620
83,687
83,985
86,520
113,591
123,258
128,385
126,649
129,041
133,298
151,704
152,883
172,260
176,798
190,201
220,080
217,919
228,888
254,541
283,382
295,823
306,599
311,646
328,647
333,823
352,849
363,567
366,047
380,092
391,086
391,109
391,694
395,090
395,141
391,443
396,516
394,624
406,024
416,388
419,757
453,630
453,630
475,454
504,583
524,163
524,163
554,379
576,756
613,937
640,743
665,688
694,143
741,343
741,343
762,111
760,581
795,095
821,763
867,222
885,395
938,478
990,231
1,005,977
1,157,133
1,152,142
1,185,050
1,186,356
1,213,401
1,223,694
1,256,678
1,279,226
1,290,863
3,358,116
3,374,911
3,423,798
3,501,381
3,522,166
3,580,963
3,689,835
3,790,431
3,978,845
4,120,745
4,277,333
4,517,027
4,518,533
4,638,798
4,801,923
5,332,215
5,389,894
5,455,549
5,670,900
5,924,212

5,924,212

5,670,900

5,455,549

5,389,894

5,332,215

4,801,923

4,638,798

4,518,533

4,517,027

4,277,333

4,120,745

3,978,845

3,790,431

3,689,835

3,580,963

3,522,166

3,501,381

3,423,798

3,374,911

3,358,116

1,290,863

1,279,226

1,256,678

1,223,694

1,213,401

1,186,356

1,185,050

1,152,142

1,157,133

1,005,977

990,231

938,478

885,395

867,222

821,763

795,095

760,581

762,111

741,343

694,143

665,688

640,743

613,937

576,756

554,379

524,163

504,583

475,454

453,630

419,757

416,388

406,024

394,624

396,516

391,443

395,141

395,090

391,694

391,109

391,086

380,092

366,047

363,567

352,849

333,823

328,647

311,646

306,599

295,823

283,382

254,541

228,888

217,919

220,080

190,201

176,798

172,260

152,883

151,704

133,298

129,041

126,649

128,385

123,258

113,591

86,520

83,985

83,687

84,620

85,063

83,823

83,329

79,698

76,700

72,100

70,600

68,400

62,800

60,300

58,700

55,400

54,500

53,800

53,700

52,000

49,300

48,700

48,000

47,600

45,000

43,800

42,200

42,000

40,200

39,700

38,400

38,100

53,700

Property Plant Equipment

51,200
0
0
0
35,100
35,200
36,400
37,200
39,400
39,600
41,200
42,200
45,100
45,400
46,100
46,700
49,500
51,200
51,300
51,200
52,400
53,400
56,600
58,100
59,900
65,500
67,400
68,900
73,700
76,725
79,597
80,084
80,488
80,016
79,317
81,265
81,988
109,215
118,816
122,978
123,545
125,945
130,663
147,381
148,591
168,058
172,564
184,256
213,634
213,579
224,771
242,379
258,475
268,502
277,307
283,862
301,604
305,975
321,463
331,760
332,928
345,124
357,151
357,270
362,033
364,718
363,895
362,741
370,245
365,838
372,542
385,223
395,789
431,614
431,614
450,449
480,855
501,029
501,029
528,999
549,998
583,294
611,476
634,396
664,932
693,387
693,387
706,801
721,000
749,752
768,903
808,657
847,576
855,501
901,962
923,165
962,308
957,037
982,358
996,837
1,044,503
1,050,399
1,081,543
1,112,049
1,134,464
3,207,819
3,226,749
3,276,309
3,352,758
3,371,786
3,416,848
3,532,821
3,672,841
3,876,422
4,008,882
4,167,214
4,403,664
4,399,845
4,504,704
4,647,122
5,037,417
5,095,379
5,143,268
5,358,593
5,579,155

5,579,155

5,358,593

5,143,268

5,095,379

5,037,417

4,647,122

4,504,704

4,399,845

4,403,664

4,167,214

4,008,882

3,876,422

3,672,841

3,532,821

3,416,848

3,371,786

3,352,758

3,276,309

3,226,749

3,207,819

1,134,464

1,112,049

1,081,543

1,050,399

1,044,503

996,837

982,358

957,037

962,308

923,165

901,962

855,501

847,576

808,657

768,903

749,752

721,000

706,801

693,387

664,932

634,396

611,476

583,294

549,998

528,999

501,029

480,855

450,449

431,614

395,789

385,223

372,542

365,838

370,245

362,741

363,895

364,718

362,033

357,270

357,151

345,124

332,928

331,760

321,463

305,975

301,604

283,862

277,307

268,502

258,475

242,379

224,771

213,579

213,634

184,256

172,564

168,058

148,591

147,381

130,663

125,945

123,545

122,978

118,816

109,215

81,988

81,265

79,317

80,016

80,488

80,084

79,597

76,725

73,700

68,900

67,400

65,500

59,900

58,100

56,600

53,400

52,400

51,200

51,300

51,200

49,500

46,700

46,100

45,400

45,100

42,200

41,200

39,600

39,400

37,200

36,400

35,200

35,100

51,200

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
0
0
0
0
0
0
0
12,436
12,436
9,352
10,412
10,300
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
94,417
125,700
125,700
0
124,500
0
0
0
93,192
0
0
0
93,200
0
0
0
32,419
0
0
0
32,419
0
0
230,161
230,161
0
0
0
246,419

246,419

230,161

32,419

93,200

93,192

124,500

125,700

94,417

10,258

10,300

10,412

9,352

12,436

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,215
0
0
0
4,252
5,698
5,871
5,991
3,222
1,676
276
105
91
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

105

276

1,676

3,222

5,991

5,871

5,698

4,252

3,215

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,436
12,436
12,352
12,412
10,288
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
10,258
125,717
125,717
125,717
124,492
124,492
124,492
124,492
124,500
124,492
124,492
124,492
124,492
31,292
124,492
124,492
0
23,101
0
0
0
23,101
55,520
55,520
55,520
23,101
253,262
267,088
267,329
23,101

23,101

267,329

267,088

253,262

23,101

55,520

23,101

124,492

31,292

124,492

124,500

124,492

125,717

10,258

10,288

12,412

12,352

12,436

Long-term Assets Other

2,500
0
0
0
3,000
3,200
3,300
3,000
2,600
2,600
2,600
2,800
2,500
2,600
2,600
2,600
2,500
2,500
2,400
2,600
2,100
2,000
2,100
2,200
2,900
2,900
3,200
3,200
3,000
2,973
3,732
3,739
4,575
3,492
3,258
1,608
1,791
1,827
1,839
2,396
3,104
-4,485
2,635
-2,971
4,292
4,202
4,234
5,945
6,446
4,340
4,117
4,190
4,941
5,837
8,024
6,707
5,976
7,309
6,069
5,720
6,169
6,669
6,012
6,183
5,676
4,969
5,093
5,259
4,922
4,856
5,391
7,697
7,960
11,758
11,758
12,635
13,470
12,876
12,876
15,122
16,500
16,689
16,363
15,751
18,861
20,303
20,303
20,123
20,541
19,550
19,627
18,392
18,337
16,921
19,199
19,362
23,890
22,559
24,015
24,435
25,912
30,218
29,902
29,200
25,300
25,805
23,670
22,997
24,131
25,888
26,757
28,941
30,484
35,475
37,571
38,009
55,406
63,168
42,318
59,741
-7,639
-35,197
45,193
44,978
22,242

22,242

44,978

45,193

-35,197

-7,639

59,741

42,318

63,168

55,406

38,009

37,571

35,475

30,484

28,941

26,757

25,888

24,131

22,997

23,670

25,805

25,300

29,200

29,902

30,218

25,912

24,435

24,015

22,559

23,890

19,362

19,199

16,921

18,337

18,392

19,627

19,550

20,541

20,123

20,303

18,861

15,751

16,363

16,689

16,500

15,122

12,876

13,470

12,635

11,758

7,960

7,697

5,391

4,856

4,922

5,259

5,093

4,969

5,676

6,183

6,012

6,669

6,169

5,720

6,069

7,309

5,976

6,707

8,024

5,837

4,941

4,190

4,117

4,340

6,446

5,945

4,234

4,202

4,292

-2,971

2,635

-4,485

3,104

2,396

1,839

1,827

1,791

1,608

3,258

3,492

4,575

3,739

3,732

2,973

3,000

3,200

2,900

2,200

2,100

2,000

2,100

2,600

2,400

2,500

2,600

2,500

2,800

2,600

3,000

3,300

3,200

3,000

2,500

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
5,750
0
0
0
0
0
0
0
0
3,696
2,646
5,283
0
7,351
17,395
24,929
0
15,535
22,975
29,915
0
55,798
58,812
53,192
0
46,829
52,960
40,592
0
18,585
20,741
13,485
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

13,485

20,741

18,585

40,592

52,960

46,829

53,192

58,812

55,798

29,915

22,975

15,535

24,929

17,395

7,351

5,283

2,646

3,696

5,750

> Total Liabilities

135,200
0
0
0
93,600
89,900
92,600
83,800
72,500
99,100
89,000
105,000
90,600
125,300
114,400
111,700
100,800
135,200
128,900
140,200
119,200
183,600
154,000
152,700
144,600
206,500
209,300
197,400
164,300
242,325
215,201
226,270
177,260
229,596
190,188
196,602
157,186
266,911
298,011
287,641
231,071
326,254
272,282
312,161
240,825
329,471
339,270
341,146
307,901
423,396
394,874
373,520
337,097
482,160
436,717
423,241
409,088
550,621
541,470
548,779
492,634
622,448
584,629
564,238
465,867
594,774
507,098
548,556
497,642
595,367
546,858
581,715
530,232
642,168
642,168
610,945
586,542
655,273
655,273
662,090
681,834
851,102
702,677
734,795
656,497
759,603
759,603
958,491
741,010
1,007,132
887,823
1,103,326
977,532
1,211,825
1,076,837
1,170,993
1,221,724
1,596,904
1,433,006
1,556,950
1,450,096
1,894,542
1,661,364
1,725,637
1,523,442
3,951,625
3,767,777
3,937,474
3,722,145
4,648,682
4,915,345
4,984,931
5,125,276
5,507,380
5,707,775
5,724,441
5,764,802
5,896,786
5,955,327
5,970,583
6,447,574
6,934,269
6,945,671
7,093,883
7,038,389

7,038,389

7,093,883

6,945,671

6,934,269

6,447,574

5,970,583

5,955,327

5,896,786

5,764,802

5,724,441

5,707,775

5,507,380

5,125,276

4,984,931

4,915,345

4,648,682

3,722,145

3,937,474

3,767,777

3,951,625

1,523,442

1,725,637

1,661,364

1,894,542

1,450,096

1,556,950

1,433,006

1,596,904

1,221,724

1,170,993

1,076,837

1,211,825

977,532

1,103,326

887,823

1,007,132

741,010

958,491

759,603

656,497

734,795

702,677

851,102

681,834

662,090

655,273

586,542

610,945

642,168

530,232

581,715

546,858

595,367

497,642

548,556

507,098

594,774

465,867

564,238

584,629

622,448

492,634

548,779

541,470

550,621

409,088

423,241

436,717

482,160

337,097

373,520

394,874

423,396

307,901

341,146

339,270

329,471

240,825

312,161

272,282

326,254

231,071

287,641

298,011

266,911

157,186

196,602

190,188

229,596

177,260

226,270

215,201

242,325

164,300

197,400

209,300

206,500

144,600

152,700

154,000

183,600

119,200

140,200

128,900

135,200

100,800

111,700

114,400

125,300

90,600

105,000

89,000

99,100

72,500

83,800

92,600

89,900

93,600

135,200

> Total Current Liabilities

103,800
0
0
0
51,300
74,300
77,300
68,800
58,000
84,900
75,100
81,300
62,700
91,300
92,300
83,400
77,700
103,800
104,400
103,900
86,700
133,900
122,600
109,600
106,300
157,400
170,300
133,500
108,600
171,300
140,514
129,420
113,502
156,060
162,409
144,201
129,653
197,812
287,200
200,500
188,435
262,471
254,089
258,621
205,827
297,325
323,233
284,217
241,596
343,366
356,271
317,581
290,681
376,545
394,167
348,844
363,241
449,740
489,224
404,461
379,856
460,910
524,073
478,032
400,843
488,494
437,460
476,653
418,580
499,082
451,880
483,159
426,564
535,771
535,771
502,815
460,625
534,722
534,722
542,033
560,505
624,130
579,532
570,515
532,141
628,987
628,987
676,342
603,093
804,988
745,601
765,722
821,284
813,397
724,435
712,260
777,194
817,084
806,488
872,194
849,214
1,013,935
941,486
974,541
938,107
1,311,934
1,271,386
1,251,723
1,247,600
1,494,125
2,157,054
2,132,663
1,743,798
1,975,925
2,083,531
2,046,007
2,064,842
2,199,664
2,242,178
2,095,200
2,376,212
2,349,700
2,237,464
2,318,796
2,177,082

2,177,082

2,318,796

2,237,464

2,349,700

2,376,212

2,095,200

2,242,178

2,199,664

2,064,842

2,046,007

2,083,531

1,975,925

1,743,798

2,132,663

2,157,054

1,494,125

1,247,600

1,251,723

1,271,386

1,311,934

938,107

974,541

941,486

1,013,935

849,214

872,194

806,488

817,084

777,194

712,260

724,435

813,397

821,284

765,722

745,601

804,988

603,093

676,342

628,987

532,141

570,515

579,532

624,130

560,505

542,033

534,722

460,625

502,815

535,771

426,564

483,159

451,880

499,082

418,580

476,653

437,460

488,494

400,843

478,032

524,073

460,910

379,856

404,461

489,224

449,740

363,241

348,844

394,167

376,545

290,681

317,581

356,271

343,366

241,596

284,217

323,233

297,325

205,827

258,621

254,089

262,471

188,435

200,500

287,200

197,812

129,653

144,201

162,409

156,060

113,502

129,420

140,514

171,300

108,600

133,500

170,300

157,400

106,300

109,600

122,600

133,900

86,700

103,900

104,400

103,800

77,700

83,400

92,300

91,300

62,700

81,300

75,100

84,900

58,000

68,800

77,300

74,300

51,300

103,800

Short-term Debt

1,700
0
0
0
4,400
3,100
1,300
1,300
1,500
1,400
1,400
1,400
1,500
1,600
1,600
1,600
1,700
1,700
1,700
1,700
1,500
1,400
1,300
3,500
3,700
3,600
3,600
18,500
3,300
3,327
3,327
3,327
3,424
3,424
3,424
2,421
2,451
2,451
2,451
2,451
2,482
2,482
2,482
2,485
0
339
339
532
882
1,132
1,148
1,068
1,049
1,370
1,331
1,271
1,065
975
896
803
847
724
629
545
550
521
476
414
392
360
344
344
91
33
33
32
33
35
35
35
38
39
39
39
42
125
125
125
213
441
441
540
150,878
11,081
11,081
11,294
11,294
13,856
23,418
26,045
28,545
28,545
28,714
29,997
29,896
285,374
290,924
303,922
311,135
315,792
671,645
679,233
303,250
307,896
310,896
316,538
325,182
363,816
368,145
336,528
349,576
316,627
320,590
368,493
372,772

372,772

368,493

320,590

316,627

349,576

336,528

368,145

363,816

325,182

316,538

310,896

307,896

303,250

679,233

671,645

315,792

311,135

303,922

290,924

285,374

29,896

29,997

28,714

28,545

26,045

23,418

13,856

11,294

11,081

150,878

540

441

213

125

344

360

392

414

476

521

550

545

629

724

847

803

896

975

1,065

1,271

1,331

1,370

1,049

1,068

1,148

1,132

882

532

339

2,485

2,482

2,451

2,421

3,424

3,327

3,300

18,500

3,600

3,700

3,500

1,300

1,400

1,500

1,700

1,600

1,500

1,400

1,500

1,300

3,100

4,400

1,700

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,170
0
0
0
167,870
11,081
11,081
11,294
10,398
13,856
491,010
22,500
25,000
25,000
25,000
26,250
26,250
21,250
22,500
30,000
30,000
30,000
380,000
380,000
0
0
0
0
0
0
0
0
0
0
0
0
0

380,000

30,000

22,500

21,250

26,250

25,000

22,500

491,010

13,856

10,398

11,294

11,081

167,870

5,170

Accounts payable

75,700
0
0
0
24,200
50,600
50,300
43,800
32,000
62,700
50,200
57,500
36,500
67,900
64,700
56,300
47,600
75,700
71,800
74,400
52,700
96,000
82,000
68,900
60,900
110,300
123,100
75,600
59,800
118,862
97,917
92,400
70,294
117,288
111,961
95,865
80,974
160,108
227,718
146,844
114,851
208,539
189,997
195,599
131,564
231,165
237,732
199,264
147,950
267,920
253,927
224,572
185,397
278,576
265,936
241,674
238,905
336,280
360,517
292,208
258,346
360,785
394,014
366,138
286,828
382,620
294,776
356,822
273,208
394,955
289,538
348,610
247,388
351,763
351,763
340,208
266,409
314,757
314,757
362,059
320,392
476,043
360,811
403,521
316,487
390,170
390,170
483,042
370,823
585,551
452,669
527,143
427,249
582,745
430,394
484,014
519,522
563,525
510,820
609,883
576,568
732,524
649,665
683,672
619,981
785,068
681,529
679,791
643,036
887,938
1,003,697
1,056,911
976,096
1,181,924
1,221,911
1,197,813
1,155,630
1,341,645
1,280,518
1,219,593
1,398,288
1,526,540
1,272,232
1,412,186
1,179,803

1,179,803

1,412,186

1,272,232

1,526,540

1,398,288

1,219,593

1,280,518

1,341,645

1,155,630

1,197,813

1,221,911

1,181,924

976,096

1,056,911

1,003,697

887,938

643,036

679,791

681,529

785,068

619,981

683,672

649,665

732,524

576,568

609,883

510,820

563,525

519,522

484,014

430,394

582,745

427,249

527,143

452,669

585,551

370,823

483,042

390,170

316,487

403,521

360,811

476,043

320,392

362,059

314,757

266,409

340,208

351,763

247,388

348,610

289,538

394,955

273,208

356,822

294,776

382,620

286,828

366,138

394,014

360,785

258,346

292,208

360,517

336,280

238,905

241,674

265,936

278,576

185,397

224,572

253,927

267,920

147,950

199,264

237,732

231,165

131,564

195,599

189,997

208,539

114,851

146,844

227,718

160,108

80,974

95,865

111,961

117,288

70,294

92,400

97,917

118,862

59,800

75,600

123,100

110,300

60,900

68,900

82,000

96,000

52,700

74,400

71,800

75,700

47,600

56,300

64,700

67,900

36,500

57,500

50,200

62,700

32,000

43,800

50,300

50,600

24,200

75,700

Other Current Liabilities

26,400
0
0
0
22,700
20,600
25,700
23,700
24,500
20,800
23,500
22,400
24,700
21,800
26,000
25,500
28,400
26,400
30,900
27,800
32,500
36,500
39,300
37,200
41,700
43,500
43,600
39,400
45,500
49,111
39,270
33,693
39,784
35,348
8,022
8,522
3,111
42
54,428
48,194
4,800
51,450
5,845
319
74,263
65,821
5,542
84,421
92,764
74,314
11,197
664
1,421
96,599
21,729
1,044
11,550
1,934
17,574
111,450
5,062
99,401
25,520
962
113,465
105,353
142,208
119,417
144,980
103,767
161,998
134,205
179,085
183,975
183,975
162,575
194,183
219,930
219,930
179,939
240,075
148,048
218,682
166,955
215,612
238,692
238,692
193,175
232,057
218,996
292,491
238,039
243,157
219,571
282,960
216,952
246,378
239,703
272,250
236,266
244,101
252,866
263,107
260,872
288,230
241,492
298,933
268,010
293,429
290,395
481,712
396,519
464,452
486,105
550,724
531,656
584,030
494,203
593,515
539,079
628,348
506,533
530,448
538,117
624,507

624,507

538,117

530,448

506,533

628,348

539,079

593,515

494,203

584,030

531,656

550,724

486,105

464,452

396,519

481,712

290,395

293,429

268,010

298,933

241,492

288,230

260,872

263,107

252,866

244,101

236,266

272,250

239,703

246,378

216,952

282,960

219,571

243,157

238,039

292,491

218,996

232,057

193,175

238,692

215,612

166,955

218,682

148,048

240,075

179,939

219,930

194,183

162,575

183,975

179,085

134,205

161,998

103,767

144,980

119,417

142,208

105,353

113,465

962

25,520

99,401

5,062

111,450

17,574

1,934

11,550

1,044

21,729

96,599

1,421

664

11,197

74,314

92,764

84,421

5,542

65,821

74,263

319

5,845

51,450

4,800

48,194

54,428

3,111

8,522

8,022

35,348

39,784

33,693

39,270

49,111

45,500

39,400

43,600

43,500

41,700

37,200

39,300

36,500

32,500

27,800

30,900

26,400

28,400

25,500

26,000

21,800

24,700

22,400

23,500

20,800

24,500

23,700

25,700

20,600

22,700

26,400

> Long-term Liabilities

31,400
0
0
0
42,300
15,600
15,300
15,000
14,500
14,200
13,900
23,700
27,900
34,000
22,100
28,300
23,100
31,400
24,500
36,300
32,500
49,700
31,400
43,100
38,300
49,100
39,000
63,900
55,700
71,025
74,687
96,850
63,758
73,536
27,779
52,401
27,533
69,099
10,811
87,141
42,636
63,783
18,193
53,540
34,998
32,146
16,037
56,929
66,305
80,030
38,603
55,939
46,416
105,615
42,550
74,397
45,847
100,881
52,246
144,318
112,778
161,538
60,556
86,206
65,024
106,280
69,638
71,903
79,062
96,285
94,978
98,556
103,668
106,397
106,397
108,130
125,917
120,551
120,551
120,057
121,329
226,972
123,145
164,280
124,356
130,616
130,616
282,149
137,917
202,144
142,222
337,604
156,248
398,428
352,402
458,733
444,530
779,820
626,518
684,756
600,882
880,607
719,878
751,096
585,335
2,639,691
2,496,391
2,685,751
2,474,545
3,154,557
2,758,291
2,852,268
3,381,478
3,531,455
3,624,244
3,678,434
3,699,960
3,697,122
3,713,149
3,875,383
4,071,362
4,584,569
4,708,207
4,775,087
4,861,307

4,861,307

4,775,087

4,708,207

4,584,569

4,071,362

3,875,383

3,713,149

3,697,122

3,699,960

3,678,434

3,624,244

3,531,455

3,381,478

2,852,268

2,758,291

3,154,557

2,474,545

2,685,751

2,496,391

2,639,691

585,335

751,096

719,878

880,607

600,882

684,756

626,518

779,820

444,530

458,733

352,402

398,428

156,248

337,604

142,222

202,144

137,917

282,149

130,616

124,356

164,280

123,145

226,972

121,329

120,057

120,551

125,917

108,130

106,397

103,668

98,556

94,978

96,285

79,062

71,903

69,638

106,280

65,024

86,206

60,556

161,538

112,778

144,318

52,246

100,881

45,847

74,397

42,550

105,615

46,416

55,939

38,603

80,030

66,305

56,929

16,037

32,146

34,998

53,540

18,193

63,783

42,636

87,141

10,811

69,099

27,533

52,401

27,779

73,536

63,758

96,850

74,687

71,025

55,700

63,900

39,000

49,100

38,300

43,100

31,400

49,700

32,500

36,300

24,500

31,400

23,100

28,300

22,100

34,000

27,900

23,700

13,900

14,200

14,500

15,000

15,300

15,600

42,300

31,400

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,316
0
0
0
1,284
1,272
1,263
1,255
1,242
106,233
1,224
41,214
1,200
81,190
3,078
153,048
4,957
68,761
8,652
200,746
166,992
260,402
207,706
310,027
289,769
624,444
467,536
520,737
433,686
711,282
547,049
577,195
410,370
605,695
466,290
613,885
366,480
989,074
536,051
529,264
984,324
984,838
985,353
985,867
986,382
986,896
987,411
1,077,926
1,164,056
1,601,563
1,727,504
0
0

1,727,504

1,601,563

1,164,056

1,077,926

987,411

986,896

986,382

985,867

985,353

984,838

984,324

529,264

536,051

989,074

366,480

613,885

466,290

605,695

410,370

577,195

547,049

711,282

433,686

520,737

467,536

624,444

289,769

310,027

207,706

260,402

166,992

200,746

8,652

68,761

4,957

153,048

3,078

81,190

1,200

41,214

1,224

106,233

1,242

1,255

1,263

1,272

1,284

1,316

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
5,750
0
0
0
0
0
0
0
0
3,696
2,646
5,283
0
7,351
17,395
24,929
0
15,535
22,975
29,915
0
55,798
58,812
53,192
0
46,829
52,960
40,592
0
18,585
20,741
13,485
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

13,485

20,741

18,585

40,592

52,960

46,829

53,192

58,812

55,798

29,915

22,975

15,535

24,929

17,395

7,351

5,283

2,646

3,696

5,750

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
980
961
881
808
2,439
2,298
4,726
4,376
3,672
3,997
3,975
1,952
2,262
2,346
5,066
4,909
5,588
5,528
8,008
25,851
27,542
31,053
33,233
35,677
37,729
39,613
40,605
43,039
44,861
49,836
53,530
55,427
56,817
58,463
61,108
63,227
64,586
68,039
70,369
77,655
94,961
93,740
97,405
102,352
103,529
104,973
106,838
110,806
111,181
113,131
116,324
118,610
120,739
121,921
123,066
123,156
125,222
127,538
129,101
132,960
133,383
133,570
136,858
139,256
138,026
144,696
148,706
154,761
155,376
158,982
164,019
167,196
169,325
172,829
173,901
174,965
76,140
73,951
75,748
76,222
78,164
96,810
113,228
143,154
115,481
120,131
125,651
105,848
143,972
146,746
153,165
150,778
197,419
0
0
0

197,419

150,778

153,165

146,746

143,972

105,848

125,651

120,131

115,481

143,154

113,228

96,810

78,164

76,222

75,748

73,951

76,140

174,965

173,901

172,829

169,325

167,196

164,019

158,982

155,376

154,761

148,706

144,696

138,026

139,256

136,858

133,570

133,383

132,960

129,101

127,538

125,222

123,156

123,066

121,921

120,739

118,610

116,324

113,131

111,181

110,806

106,838

104,973

103,529

102,352

97,405

93,740

94,961

77,655

70,369

68,039

64,586

63,227

61,108

58,463

56,817

55,427

53,530

49,836

44,861

43,039

40,605

39,613

37,729

35,677

33,233

31,053

27,542

25,851

8,008

5,528

5,588

4,909

5,066

2,346

2,262

1,952

3,975

3,997

3,672

4,376

4,726

2,298

2,439

808

881

961

980

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
70,697
0
124
0
61,904
0
0
0
77,713
0
0
0
76,930
0
0
0
79,807
0
0
82,905
84,793
86,960
89,317
91,681
100,078
101,001
102,525
104,617
105,906
106,542
107,827
108,487
107,038
6,878
3,592
1,888
153
1,796
0
0
0
0
0
0
0
37,487
36,256
39,540
0
76,450
59,157
0
0

59,157

76,450

39,540

36,256

37,487

1,796

153

1,888

3,592

6,878

107,038

108,487

107,827

106,542

105,906

104,617

102,525

101,001

100,078

91,681

89,317

86,960

84,793

82,905

79,807

76,930

77,713

61,904

124

70,697

> Total Stockholder Equity

93,900
0
0
0
23,200
62,400
68,700
71,100
73,700
73,500
77,800
80,000
83,500
82,500
88,500
90,800
94,800
93,900
99,000
100,700
104,900
103,500
112,700
114,900
120,000
118,900
129,300
132,000
138,300
137,411
148,040
149,259
155,036
151,580
167,440
169,005
181,296
179,636
198,781
207,955
227,848
230,953
263,867
277,225
295,384
310,518
344,445
353,048
370,584
381,800
419,835
443,018
477,698
492,096
539,706
565,023
598,904
585,326
594,343
584,825
565,337
565,623
591,690
600,764
610,130
605,662
664,413
693,541
733,203
745,176
816,385
846,343
933,242
940,695
940,695
936,905
1,008,290
1,067,139
1,067,139
1,054,213
1,024,974
1,030,226
1,143,747
1,184,511
1,246,894
1,265,925
1,265,925
1,230,207
1,293,561
1,314,878
1,383,447
1,337,260
1,393,294
1,352,703
1,501,929
1,464,740
1,453,218
1,379,498
1,382,566
1,371,401
1,418,673
1,313,245
1,406,042
1,495,297
1,561,820
1,485,576
1,544,942
1,491,822
1,567,123
1,353,723
1,695,730
1,875,866
1,923,840
1,852,299
1,980,113
2,020,753
2,002,665
1,790,022
1,913,867
1,941,145
2,042,416
1,914,546
2,087,152
2,111,131
2,149,762

2,149,762

2,111,131

2,087,152

1,914,546

2,042,416

1,941,145

1,913,867

1,790,022

2,002,665

2,020,753

1,980,113

1,852,299

1,923,840

1,875,866

1,695,730

1,353,723

1,567,123

1,491,822

1,544,942

1,485,576

1,561,820

1,495,297

1,406,042

1,313,245

1,418,673

1,371,401

1,382,566

1,379,498

1,453,218

1,464,740

1,501,929

1,352,703

1,393,294

1,337,260

1,383,447

1,314,878

1,293,561

1,230,207

1,265,925

1,246,894

1,184,511

1,143,747

1,030,226

1,024,974

1,054,213

1,067,139

1,008,290

936,905

940,695

933,242

846,343

816,385

745,176

733,203

693,541

664,413

605,662

610,130

600,764

591,690

565,623

565,337

584,825

594,343

585,326

598,904

565,023

539,706

492,096

477,698

443,018

419,835

381,800

370,584

353,048

344,445

310,518

295,384

277,225

263,867

230,953

227,848

207,955

198,781

179,636

181,296

169,005

167,440

151,580

155,036

149,259

148,040

137,411

138,300

132,000

129,300

118,900

120,000

114,900

112,700

103,500

104,900

100,700

99,000

93,900

94,800

90,800

88,500

82,500

83,500

80,000

77,800

73,500

73,700

71,100

68,700

62,400

23,200

93,900

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
100
100
100
100
100
100
100
100
100
100
100
100
70
70
70
70
70
70
70
71
72
72
145
146
147
149
298
299
305
306
306
306
311
313
315
315
319
320
322
322
323
324
325
326
326
326
327
327
327
328
330
330
333
334
628
631
639
639
641
643
652
652
652
654
658
661
1,326
1,331
1,335
1,335
1,337
1,342
1,347
1,349
1,351
1,352
1,354
1,358
1,359
1,360
1,361
1,361
1,362
1,363
1,364
1,366
1,372
1,375
1,380
1,386
1,388
1,389
1,391
1,396
1,398
1,401
1,409
1,410
1,410
1,411
1,413
1,414
1,414
1,415
1,417
1,418
1,418
1,419

1,419

1,418

1,417

1,415

1,414

1,413

1,411

1,410

1,409

1,401

1,398

1,396

1,391

1,389

1,388

1,386

1,380

1,375

1,372

1,366

1,364

1,363

1,362

1,361

1,360

1,359

1,358

1,354

1,352

1,351

1,349

1,347

1,342

1,337

1,335

1,331

1,326

661

658

654

652

643

641

639

631

628

334

333

330

328

327

326

325

324

323

322

320

319

315

313

311

306

305

299

298

149

147

146

145

100

Retained Earnings

-50,300
0
0
0
22,300
14,800
21,000
23,400
26,100
25,800
32,500
34,800
38,200
37,200
45,000
47,200
51,200
50,300
57,200
58,700
62,900
61,400
70,600
72,700
77,700
76,600
86,700
89,300
95,600
94,592
105,138
106,261
111,957
110,108
125,752
128,177
137,731
133,721
151,067
158,868
176,501
176,626
204,013
216,142
233,002
236,823
268,199
276,151
292,678
293,362
329,116
347,445
378,347
378,872
421,799
439,857
469,355
472,501
516,258
533,726
563,743
562,591
609,609
629,370
645,673
646,143
700,907
722,886
761,139
765,373
836,767
863,698
954,704
1,050,441
1,050,441
1,084,632
1,146,594
1,270,497
1,270,497
1,306,328
1,371,733
1,401,810
1,507,206
1,553,814
1,631,483
1,773,433
1,773,433
1,828,036
1,918,307
1,954,519
2,080,627
2,140,775
2,225,601
2,266,555
2,390,909
2,448,309
2,540,449
2,569,497
2,695,554
2,753,335
2,829,220
2,866,467
3,035,970
3,114,972
3,213,895
3,253,104
3,429,492
3,510,107
3,612,833
3,655,761
3,953,795
4,097,863
4,187,135
4,307,919
4,618,045
4,783,076
4,945,243
5,029,003
5,322,859
5,455,134
5,624,352
5,693,993
6,002,453
6,145,455
6,281,959

6,281,959

6,145,455

6,002,453

5,693,993

5,624,352

5,455,134

5,322,859

5,029,003

4,945,243

4,783,076

4,618,045

4,307,919

4,187,135

4,097,863

3,953,795

3,655,761

3,612,833

3,510,107

3,429,492

3,253,104

3,213,895

3,114,972

3,035,970

2,866,467

2,829,220

2,753,335

2,695,554

2,569,497

2,540,449

2,448,309

2,390,909

2,266,555

2,225,601

2,140,775

2,080,627

1,954,519

1,918,307

1,828,036

1,773,433

1,631,483

1,553,814

1,507,206

1,401,810

1,371,733

1,306,328

1,270,497

1,146,594

1,084,632

1,050,441

954,704

863,698

836,767

765,373

761,139

722,886

700,907

646,143

645,673

629,370

609,609

562,591

563,743

533,726

516,258

472,501

469,355

439,857

421,799

378,872

378,347

347,445

329,116

293,362

292,678

276,151

268,199

236,823

233,002

216,142

204,013

176,626

176,501

158,868

151,067

133,721

137,731

128,177

125,752

110,108

111,957

106,261

105,138

94,592

95,600

89,300

86,700

76,600

77,700

72,700

70,600

61,400

62,900

58,700

57,200

50,300

51,200

47,200

45,000

37,200

38,200

34,800

32,500

25,800

26,100

23,400

21,000

14,800

22,300

-50,300

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
235,283
254,064
269,864
281,101
298,426
317,717
335,899
348,446
361,759
386,793
414,356
429,144
452,668
464,058
476,742
483,804
510,997
544,042
563,096
576,175
596,131
613,686
647,719
661,665
671,515
683,012
693,775
703,292
716,228
728,588
746,410
793,090
823,413
864,738
928,094
950,908
966,698
978,837
1,024,089
1,059,687
1,095,500
1,154,451
1,175,123
1,191,785
1,210,512
1,204,294
1,220,682
1,236,161
1,261,283
1,262,775
1,283,589
0
0

1,283,589

1,262,775

1,261,283

1,236,161

1,220,682

1,204,294

1,210,512

1,191,785

1,175,123

1,154,451

1,095,500

1,059,687

1,024,089

978,837

966,698

950,908

928,094

864,738

823,413

793,090

746,410

728,588

716,228

703,292

693,775

683,012

671,515

661,665

647,719

613,686

596,131

576,175

563,096

544,042

510,997

483,804

476,742

464,058

452,668

429,144

414,356

386,793

361,759

348,446

335,899

317,717

298,426

281,101

269,864

254,064

235,283

Treasury Stock

-5,210,524

-5,053,077

-4,855,909

-4,763,862

-4,640,236

-4,452,026

-4,155,846

-3,954,926

-3,813,667

-3,610,362

-3,356,953

-3,277,215

-3,013,996

-2,970,654

-2,814,912

-2,635,996

-2,480,677

-2,420,106

-2,383,446

-2,288,364

-2,130,901

-2,088,145

-2,009,645

-1,876,045

-1,761,498

-1,645,482

-1,536,695

-1,528,892

-1,429,790

-1,381,041

-1,261,625

-1,185,030

-1,137,085

-1,082,970

-985,585

-923,043

-838,588

-799,773

-778,476

-759,035

-709,172

-601,213

-539,909

-441,516

-437,373

-429,469

-380,249

-310,522

-257,376

-242,096

-232,900

-223,007

-219,204

-214,690

-213,775

-213,033

-203,915

-192,549

-177,858

-152,900

-150,049

-94,924

-63,720

-21,332

Other Stockholders Equity

142,400
0
0
0
-5,000
41,700
41,800
41,800
41,700
41,800
41,800
41,700
41,800
41,800
41,700
59,700
60,600
61,700
62,800
64,200
65,500
66,900
68,200
69,800
70,500
72,000
74,200
75,700
77,900
80,149
82,732
85,363
87,909
43,103
43,190
43,327
44,916
46,935
48,822
50,095
52,174
54,793
60,114
60,909
153,583
73,390
75,940
174,691
190,500
207,927
217,406
230,158
99,047
112,941
117,633
124,895
129,249
112,528
272,498
257,174
218,468
233,706
226,655
230,567
238,630
245,692
-36,822
-29,675
306,834
329,570
346,184
366,117
364,907
-110,385
-110,385
-148,368
-138,947
-204,010
-204,010
-252,767
-347,413
168,658
199,680
215,471
217,980
-508,843
-1,774,768
-1,829,373
-1,919,649
-640,988
-698,529
-804,866
-833,659
-86,406
-888,976
-983,817
-1,089,983
-1,193,033
-1,315,870
-1,384,853
-1,414,673
-1,559,776
-1,637,036
-1,627,016
-1,657,264
-1,771,258
-1,886,818
-2,019,746
-2,047,298
-2,298,378
-2,253,126
-2,217,528
-2,261,453
-2,455,911
-2,638,544
-2,763,141
-2,945,334
-3,247,732
-3,419,554
-3,527,701
-3,594,626
-3,790,302
-3,926,935
-4,045,034
-4,140,409

-4,140,409

-4,045,034

-3,926,935

-3,790,302

-3,594,626

-3,527,701

-3,419,554

-3,247,732

-2,945,334

-2,763,141

-2,638,544

-2,455,911

-2,261,453

-2,217,528

-2,253,126

-2,298,378

-2,047,298

-2,019,746

-1,886,818

-1,771,258

-1,657,264

-1,627,016

-1,637,036

-1,559,776

-1,414,673

-1,384,853

-1,315,870

-1,193,033

-1,089,983

-983,817

-888,976

-86,406

-833,659

-804,866

-698,529

-640,988

-1,919,649

-1,829,373

-1,774,768

-508,843

217,980

215,471

199,680

168,658

-347,413

-252,767

-204,010

-138,947

-148,368

-110,385

364,907

366,117

346,184

329,570

306,834

-29,675

-36,822

245,692

238,630

230,567

226,655

233,706

218,468

257,174

272,498

112,528

129,249

124,895

117,633

112,941

99,047

230,158

217,406

207,927

190,500

174,691

75,940

73,390

153,583

60,909

60,114

54,793

52,174

50,095

48,822

46,935

44,916

43,327

43,190

43,103

87,909

85,363

82,732

80,149

77,900

75,700

74,200

72,000

70,500

69,800

68,200

66,900

65,500

64,200

62,800

61,700

60,600

59,700

41,700

41,800

41,700

41,800

41,700

41,800

41,700

-5,000

142,400

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Accounts Payable	1,179,803	1,398,288	1,155,630	976,096	643,036	619,981	576,568	519,522	427,249	370,823	316,487	320,392	266,409	247,388	273,208	286,828	258,346	238,905	185,397	147,950	131,564	114,851	80,974	70,294	59,800	60,900	52,700	47,600	36,500	32,000	24,200
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
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	-386,997	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	6,793	11,275	1,345	-3,243	199	3,814	2,763	1,392	-796,340	-696,300	-603,900	-519,200	-455,580	-387,000	-335,100	-274,500	-217,200	-22	-11	-112,900	-91,500	-973	-1,422	-44,900	-35,300	-28,300	-23,600	-18,900	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	3,307,018	3,106,104	2,932,912	2,557,250	2,312,686	29,270	32,617	25,919	16,992	4,957	1,200	0	1,284	1,316	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,419	1,415	1,411	1,401	1,389	1,375	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
Capital Surpluse	0	1,261,283	1,210,512	1,095,500	966,698	823,413	716,228	671,515	596,131	510,997	452,668	0	298,426	235,283	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	397,071	202,502	878,030	1,341,756	84,241	86,299	109,148	53,916	63,813	51,134	142,743	138,630	176,965	257,339	172,851	37,232	13,700	37,605	21,203	28,941	19,980	13,773	8,927	9,145	7,000	18,200	8,500	12,900	5,100	14,000	3,500
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
Cash And Short Term Investments	397,071	202,502	878,030	1,341,756	84,241	86,299	109,148	53,916	63,813	51,134	142,743	138,630	176,965	273,252	172,851	37,232	13,700	37,605	21,203	28,941	19,980	13,773	8,927	9,145	7,000	18,200	8,500	12,900	5,100	14,000	3,500
Common Stock	1,419	1,415	1,411	1,401	1,389	1,375	1,363	1,360	1,352	1,342	1,331	654	643	631	330	327	326	322	315	306	299	146	71	70	100	100	100	100	0	0	0
Common Stock Shares Outstanding	109,746	112,149	115,824	117,436	120,743	123,471	128,204	133,813	136,845	139,435	141,723	145,514	147,842	149,372	146,596	149,856	160,400	163,978	163,920	162,756	161,432	156,570	144,696	140,235	141,782	140,952	140,896	140,800	139,488	139,488	441,081
Common Stock Total Equity	0	1,415	1,411	1,401	1,389	1,375	1,363	1,360	1,352	1,300	1,300	1,300	643	600	600	300	300	300	315	300	300	300	100	100	100	100	100	100	0	0	0
Current Deferred Revenue	0	0	0	31,586	153	6,607	18,494	0	0	0	0	0	0	0	17,909	1,676	115,601	111,721	102,814	0	0	66,302	43,117	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	5,750	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	153	107,038	105,906	100,078	84,793	79,807	76,930	0	61,904	70,697	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
Good Will	246,419	230,161	32,419	32,419	93,200	124,492	124,492	125,717	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,300	12,436	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	23,101	23,101	23,101	23,101	31,292	31,300	31,300	31,300	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,288	12,436	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	2,645,854	2,709,597	2,191,192	1,783,270	1,602,781	1,589,542	1,453,208	1,369,656	1,284,375	1,115,450	979,308	908,116	830,819	736,520	601,249	603,435	635,988	593,373	460,751	385,127	324,518	289,253	221,979	222,535	207,300	171,700	151,700	124,100	112,700	86,300	69,800
Liabilities And Stockholders Equity	9,188,151	8,489,990	7,767,467	7,049,116	5,289,268	3,085,262	2,868,769	2,674,942	2,370,826	2,034,571	1,903,391	1,706,808	1,594,832	1,463,474	1,230,845	1,075,997	1,057,971	1,007,992	814,795	678,485	536,209	458,919	338,482	332,296	302,600	264,600	224,100	195,600	174,100	146,200	116,800
Long Term Debt	1,729,000	1,164,056	986,382	984,324	366,480	381,100	401,069	263,850	150,000	4,957	1,200	1,242	1,284	1,316	1,407	1,797	57,351	2,808	10,739	34,744	21,210	39,100	23,157	62,950	0	0	0	0	0	0	0
Long Term Debt Total	0	1,164,056	986,382	984,324	366,480	410,370	433,686	289,769	166,992	4,957	1,200	0	1,284	1,316	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	91	3,222	4,252	3,215	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
Net Debt	4,638,911	4,067,658	3,041,264	2,199,818	2,624,925	353,967	353,083	247,147	104,057	-45,964	-141,501	-137,350	-175,648	-255,932	-171,052	-34,885	44,498	-33,732	-9,415	6,685	1,230	27,809	16,681	57,229	51,000	22,700	24,100	10,000	22,300	-200	40,900
Net Invested Capital	3,878,762	3,206,472	2,989,047	2,908,140	1,963,603	1,969,170	1,844,742	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	2,461	0	17,100	0	-558	4,111	4,760	3,680	3,763	40,962	29,838	31,498	22,337	0	42,320	0	0	0	0	42,065	35,192	102	6,516	7,683	6,800	5,600	5,200	4,900	3,700	2,200	1,900
Net Tangible Assets	0	2,042,416	1,947,145	1,923,840	1,442,631	1,561,820	1,418,673	1,453,218	1,393,294	1,293,561	1,246,894	0	1,008,290	922,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,086,857	781,563	1,185,598	1,514,887	540,287	856,292	806,154	740,615	664,147	670,897	677,107	569,547	629,624	617,153	415,749	283,460	312,068	316,104	240,732	216,809	177,499	143,835	122,309	133,731	117,300	95,500	82,900	65,900	63,800	46,200	27,400
Non Current Assets Total	5,924,212	5,332,215	4,517,027	3,790,431	3,501,381	1,290,863	1,213,401	1,157,133	885,395	760,581	694,143	576,756	504,583	419,757	396,516	391,694	366,047	328,647	283,382	220,080	152,883	126,649	86,520	85,063	76,700	62,800	54,500	52,000	47,600	42,000	38,100
Non Current Liabilities Other	138,029	120,003	105,848	143,154	2,001,162	67,927	61,290	54,683	54,463	53,153	46,226	0	35,075	31,655	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	4,861,307	4,071,362	3,699,960	3,381,478	2,474,545	585,335	600,882	444,530	156,248	137,917	124,356	121,329	125,917	103,668	79,062	65,024	112,778	45,847	46,416	66,305	34,998	42,636	27,533	63,758	55,700	38,300	32,500	23,100	27,900	14,500	42,300
Non Currrent Assets Other	22,242	-7,639	40,506	30,484	24,131	25,300	25,912	23,890	18,337	20,541	18,861	16,500	13,470	7,960	4,922	5,676	6,169	5,976	4,941	6,446	4,292	3,104	1,791	4,575	3,000	2,900	2,100	2,500	2,500	2,600	3,000
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	41,536	57,843	2,485,951	24,040	28,685	40,154	65,893	73,531	29,323	18,953	16,500	13,470	13,710	16,013	19,403	22,861	16,755	12,471	6,446	4,292	3,104	4,532	4,575	0	0	0	0	0	0	0
Other Current Assets	218,553	245,676	164,118	133,659	100,865	114,447	88,252	90,557	87,510	66,444	57,359	51,808	82,465	33,945	17,909	43,636	42,236	48,367	49,459	2,272	3,636	3,779	18,900	7,870	4,800	6,300	4,200	1,700	5,000	1,700	3,500
Other Current Liab	624,507	628,348	584,030	464,452	293,429	288,230	244,101	246,378	243,157	232,057	215,612	240,075	194,183	179,085	144,980	113,465	5,062	11,550	1,421	92,764	74,263	4,800	3,111	39,784	45,500	41,700	32,500	28,400	24,700	24,500	22,700
Other Liab	0	150,778	105,848	143,154	76,222	174,965	167,196	154,761	139,256	132,960	123,156	118,610	110,806	102,352	77,655	63,227	55,427	43,039	35,677	25,851	4,909	1,952	4,376	808	0	0	0	0	0	0	0
Other Stockholder Equity	-4,140,409	-3,594,626	-2,945,334	-2,261,453	-2,047,298	-1,657,264	-1,414,673	-1,089,983	-833,659	-626,088	217,980	-347,413	-138,947	364,907	306,834	238,630	218,468	129,249	99,047	190,500	153,583	52,174	44,916	87,909	77,900	70,500	65,500	60,600	41,800	41,700	-5,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Property Plant And Equipment Gross	7,870,683	2,083,616	1,617,806	3,672,841	3,352,758	1,134,464	1,044,503	962,308	847,576	721,000	664,900	550,000	480,855	395,800	370,200	362,000	332,900	301,600	258,475	213,600	150,800	123,500	82,000	80,500	73,700	59,900	52,400	49,500	0	0	0
Property Plant And Equipment Net	5,579,155	5,037,417	4,403,664	3,672,841	3,352,758	1,134,464	1,044,503	962,308	847,576	721,000	664,932	549,998	480,855	395,789	370,245	362,033	332,928	301,604	258,475	213,634	148,591	123,545	81,988	80,488	73,700	59,900	52,400	49,500	45,100	39,400	35,100
Property Plant Equipment	0	2,083,616	4,403,664	1,248,960	1,163,956	1,134,464	1,044,503	962,308	847,576	721,000	664,932	549,998	480,855	395,789	370,245	362,033	332,928	301,604	258,475	213,634	148,591	123,545	81,988	80,488	0	0	0	0	0	0	0
Retained Earnings	6,281,959	5,624,352	4,945,243	4,187,135	3,612,833	3,213,895	2,829,220	2,540,449	2,225,601	1,918,307	1,631,483	1,371,733	1,146,594	954,704	761,139	645,673	563,743	469,355	378,347	292,678	233,002	176,501	137,731	111,957	95,600	77,700	62,900	51,200	38,200	26,100	22,300
Retained Earnings Total Equity	0	5,624,352	4,945,243	4,187,135	3,612,833	3,213,895	2,829,220	2,540,449	2,225,601	1,918,307	1,631,483	0	1,146,594	954,704	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	30,000	26,250	25,000	10,000	167,870	5,170	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	5,035,982	4,270,160	3,919,294	3,541,574	2,709,166	440,266	462,231	301,063	167,870	5,170	1,242	1,280	1,317	1,407	1,799	2,347	58,198	3,873	11,788	35,626	21,210	41,582	25,608	66,374	58,000	40,900	32,600	22,900	27,400	13,800	44,400
Short Term Debt	372,772	349,576	325,182	303,250	311,135	29,896	28,545	11,294	150,878	213	42	38	33	91	392	550	847	1,065	1,049	882	0	2,482	2,451	3,424	3,300	3,700	1,500	1,700	1,500	1,500	4,400
Short Term Investments	0	0	0	0	558	0	0	0	0	0	0	8,400	21,870	15,913	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
Total Assets	9,188,151	8,489,990	7,767,467	7,049,116	5,289,268	3,085,262	2,868,769	2,674,942	2,370,826	2,034,571	1,903,391	1,706,808	1,594,832	1,463,474	1,230,845	1,075,997	1,057,971	1,007,992	814,795	678,485	536,209	458,919	338,482	332,296	302,600	264,600	224,100	195,600	174,100	146,200	116,800
Total Current Assets	3,263,939	3,157,775	3,250,440	3,258,685	1,787,887	1,794,399	1,655,368	1,517,809	1,485,431	1,273,990	1,209,248	1,130,052	1,090,249	1,043,717	834,329	684,303	691,924	679,345	531,413	458,405	383,326	332,270	251,962	247,233	225,900	201,800	169,600	143,600	126,500	104,200	78,700
Total Current Liabilities	2,177,082	2,376,212	2,064,842	1,743,798	1,247,600	938,107	849,214	777,194	821,284	603,093	532,141	560,505	460,625	426,564	418,580	400,843	379,856	363,241	290,681	241,596	205,827	188,435	129,653	113,502	108,600	106,300	86,700	77,700	62,700	58,000	51,300
Total Liab	7,038,389	6,447,574	5,764,802	5,125,276	3,722,145	1,523,442	1,450,096	1,221,724	977,532	741,010	656,497	681,834	586,542	530,232	497,642	465,867	492,634	409,088	337,097	307,901	240,825	231,071	157,186	177,260	164,300	144,600	119,200	100,800	90,600	72,500	93,600
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	2,149,762	2,042,416	2,002,665	1,923,840	1,567,123	1,561,820	1,418,673	1,453,218	1,393,294	1,293,561	1,246,894	1,024,974	1,008,290	933,242	733,203	610,130	565,337	598,904	477,698	370,584	295,384	227,848	181,296	155,036	138,300	120,000	104,900	94,800	83,500	73,700	23,200
Treasury Stock	0	-4,855,909	-4,155,846	-3,356,953	-3,013,996	-2,480,677	-2,130,901	-1,761,498	-1,429,790	-1,137,085	-838,588	-709,172	-437,373	-257,376	-219,204	-203,915	-150,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1987-03-31
Accounts Payable	1,179,803	1,412,186	1,272,232	1,526,540	1,398,288	1,219,593	1,280,518	1,341,645	1,155,630	1,197,813	1,221,911	1,181,924	976,096	1,056,911	1,003,697	887,938	643,036	679,791	681,529	785,068	619,981	683,672	649,665	732,524	576,568	609,883	510,820	563,525	519,522	484,014	430,394	582,745	427,249	527,143	452,669	585,551	370,823	483,042	390,170	390,170	316,487	403,521	360,811	476,043	320,392	362,059	314,757	314,757	266,409	340,208	351,763	351,763	247,388	348,610	289,538	394,955	273,208	356,822	294,776	382,620	286,828	366,138	394,014	360,785	258,346	292,208	360,517	336,280	238,905	241,674	265,936	278,576	185,397	224,572	253,927	267,920	147,950	199,264	237,732	231,165	131,564	195,599	189,997	208,539	114,851	146,844	227,718	160,108	80,974	95,865	111,961	117,288	70,294	92,400	97,917	118,862	59,800	75,600	123,100	110,300	60,900	68,900	82,000	96,000	52,700	74,400	71,800	75,700	47,600	56,300	64,700	67,900	36,500	57,500	50,200	62,700	32,000	43,800	50,300	50,600	24,200	-	-	-	75,700
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
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	-386,997	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,793	9,292	10,216	9,438	11,275	12,298	9,148	7,338	1,345	-592	-798	-1,118	-3,243	-5,867	-6,335	-5,051	199	73	882	2,350	3,814	5,969	5,742	5,190	2,763	1,557	1,521	1,673	1,392	-1,111	-1,362	-828,800	-796,300	-774,800	-754,800	-725,200	-696,300	-675,100	-657,200	-630,000	-603,900	-586,100	-563,800	-540,900	-519,200	-508,200	-497,278	-476,070	-455,580	-438,500	-421,900	-404,000	-387,000	-384,100	-366,900	-350,100	-335,100	0	0	-286,500	-274,500	-259,500	-244,900	-231,000	-217,200	-206,400	-194,737	-26	-22	-51	-46	-36	-11	-134,900	-127,000	-119,800	-112,900	-98,100	0	0	-91,500	-124	-409	-613	-973	-1,153	-1,180	-1,092	-1,422	-2,569	-1,572	-1,701	-44,900	-42,435	-39,900	-37,400	-35,300	-33,100	-31,700	-29,800	-28,300	-27,700	-26,200	-24,900	-23,600	-22,300	-21,100	-20,000	-18,900	-18,000	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Capital Lease Obligations	3,307,018	3,249,034	3,116,466	3,102,214	3,106,104	2,980,820	2,947,137	2,930,070	2,932,912	2,883,454	2,829,656	2,739,032	2,557,250	2,503,954	2,411,672	2,368,834	2,312,686	2,269,459	2,224,185	2,221,980	29,270	29,690	30,639	31,717	32,617	33,509	33,860	25,525	25,919	26,246	21,494	21,761	16,992	10,746	8,652	8,761	4,957	3,048	3,078	1,190	1,200	1,214	1,224	1,233	1,242	1,255	1,263	1,272	1,284	0	0	0	1,316	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Capital Stock	1,419	1,418	1,418	1,417	1,415	1,414	1,414	1,413	1,411	1,410	1,410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,283,589	1,262,775	1,261,283	1,236,161	1,220,682	1,204,294	1,210,512	1,191,785	1,175,123	1,154,451	1,095,500	1,059,687	1,024,089	978,837	966,698	950,908	928,094	864,738	823,413	793,090	746,410	728,588	716,228	703,292	693,775	683,012	671,515	661,665	647,719	613,686	596,131	576,175	563,096	544,042	510,997	483,804	476,742	464,058	452,668	429,144	414,356	386,793	361,759	348,446	335,899	317,717	298,426	281,101	269,864	254,064	235,283	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	397,071	421,693	620,031	190,078	202,502	211,241	530,822	405,432	878,030	1,111,711	1,412,001	1,149,930	1,341,756	1,111,986	1,206,366	461,473	84,241	82,640	104,018	102,215	86,299	71,302	69,954	132,398	109,148	70,046	67,793	72,701	53,916	55,507	151,112	74,501	63,813	51,352	56,317	57,133	51,134	47,510	55,965	55,965	142,743	45,988	55,698	57,022	138,630	70,185	179,100	179,100	176,965	96,590	185,517	185,517	257,339	170,920	181,079	138,060	172,851	94,871	91,845	37,364	37,232	16,583	62,957	17,383	13,700	25,722	43,404	35,786	37,605	26,180	43,354	39,621	21,203	25,659	66,358	37,890	28,941	23,488	66,421	24,066	19,980	30,903	17,832	25,227	13,773	14,256	15,611	14,766	8,927	14,069	9,690	14,272	9,145	9,189	12,766	10,260	7,000	8,200	8,800	21,600	18,200	6,400	8,200	11,000	8,500	8,300	11,700	7,900	12,900	11,100	15,500	6,600	5,100	9,800	7,300	10,600	14,000	6,600	23,400	14,100	3,500	-	-	-	7,900
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	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Cash And Short Term Investments	397,071	421,693	620,031	190,078	202,502	211,241	530,822	405,432	878,030	1,111,711	1,412,001	1,149,930	1,341,756	1,111,986	1,206,366	461,473	84,241	82,640	104,018	102,215	86,299	71,302	69,954	132,398	109,148	70,046	67,793	72,701	53,916	55,507	151,112	74,501	63,813	51,352	56,317	57,133	51,134	47,510	55,965	55,965	142,743	45,988	55,698	57,022	138,630	70,185	179,100	179,100	176,965	96,590	185,517	185,517	273,252	186,833	196,992	138,060	172,851	94,871	91,845	37,364	37,232	16,583	62,957	17,383	13,700	25,722	43,404	35,786	37,605	26,180	43,354	39,621	21,203	25,659	66,358	37,890	28,941	23,488	66,421	24,066	19,980	30,903	17,832	25,227	13,773	14,256	15,611	14,766	8,927	14,069	9,690	14,272	9,145	9,189	12,766	10,260	7,000	8,200	8,800	21,600	18,200	6,400	8,200	11,000	8,500	8,300	11,700	7,900	12,900	11,100	15,500	6,600	5,100	9,800	7,300	10,600	14,000	6,600	23,400	14,100	3,500	-	-	-	7,900
Common Stock	1,419	1,418	1,418	1,417	1,415	1,414	1,414	1,413	1,411	1,410	1,410	1,409	1,401	1,398	1,396	1,391	1,389	1,388	1,386	1,380	1,375	1,372	1,366	1,364	1,363	1,362	1,361	1,361	1,360	1,359	1,358	1,354	1,352	1,351	1,349	1,347	1,342	1,337	1,335	1,335	1,331	1,326	661	658	654	652	652	652	643	641	639	639	631	628	334	333	330	330	328	327	327	327	326	326	326	325	324	323	322	322	320	319	315	315	313	311	306	306	306	305	299	298	149	147	146	145	72	72	71	70	70	70	70	70	70	70	100	100	100	100	100	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Common Stock Shares Outstanding	108,819	109,342	110,041	110,781	111,282	111,560	112,318	113,504	114,787	115,193	116,091	117,227	117,757	117,745	116,812	117,432	119,255	120,058	121,508	122,152	123,172	122,761	122,775	125,174	126,084	126,919	128,722	131,090	131,858	134,256	134,562	134,709	135,506	136,741	137,400	137,735	137,733	138,863	140,110	140,110	141,829	141,726	141,580	141,610	143,466	144,626	146,976	146,976	146,512	146,686	148,360	148,360	149,854	149,864	149,356	148,000	148,000	146,844	146,056	146,212	146,212	149,140	151,671	150,056	150,056	158,800	162,063	166,633	166,633	164,173	163,531	164,064	164,064	162,924	164,386	163,068	163,656	160,253	167,339	162,888	167,248	161,720	159,924	317,728	317,728	160,021	157,691	572,544	572,544	143,704	142,218	140,876	140,876	138,215	140,613	561,472	561,472	140,224	140,176	140,032	140,032	139,904	139,856	139,776	139,776	139,632	139,632	139,504	139,504	139,488	139,488	139,488	139,488	139,488	139,488	139,488	139,488	150,528	139,488	139,488	139,488	435,200	435,200	453,333	139,504
Common Stock Total Equity	0	0	1,418	1,417	1,415	1,414	1,414	1,413	1,411	1,410	1,410	1,409	1,401	1,398	1,396	1,391	1,389	1,388	1,386	1,380	1,375	1,400	1,366	1,364	1,400	1,362	1,400	1,400	1,360	1,400	1,400	1,400	1,400	1,400	1,300	1,300	1,300	1,300	1,300	1,300	1,300	1,300	700	700	1,300	700	652	649	643	600	600	600	600	600	600	600	600	600	300	300	300	300	300	300	300	300	324	323	300	322	300	300	315	300	300	300	300	300	300	300	300	300	100	100	300	100	100	100	100	100	70	70	100	70	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Current Deferred Revenue	0	0	114,194	0	0	0	0	0	0	0	0	0	31,586	0	12,866	1,796	153	1,888	3,592	6,878	6,607	13,485	0	0	18,494	0	52,960	46,829	0	53,192	58,812	55,798	0	0	0	0	-213	-125	-125	0	0	19,823	14,446	7,214	0	0	0	0	11,874	2,850	42,431	0	0	15,584	17,569	13,470	17,909	11,361	7,101	4,142	1,676	110,387	103,910	18,041	115,601	1,061	110,237	110,551	111,721	104,855	105,171	0	102,814	91,277	89,999	0	0	0	79,620	0	0	60,218	55,765	7,581	66,302	3,011	2,603	35,211	43,117	37,393	39,002	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,485	20,741	18,585	0	40,592	52,960	46,829	0	53,192	58,812	55,798	0	29,915	22,975	15,535	0	24,929	17,395	7,351	0	5,283	2,646	3,696	0	0	0	0	0	0	0	0	5,750	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	59,157	76,450	0	39,540	36,256	37,487	0	0	0	0	0	0	0	1,796	153	1,888	3,592	6,878	107,038	108,487	107,827	106,542	105,906	104,617	102,525	101,001	100,078	91,681	89,317	86,960	84,793	82,905	0	0	79,807	0	0	0	76,930	0	0	0	77,713	0	0	0	61,904	0	124	0	70,697	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Good Will	246,419	0	0	0	230,161	230,161	0	0	32,419	0	0	0	32,419	0	0	0	93,200	0	0	0	93,192	0	0	0	124,500	0	125,700	125,700	94,417	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,300	10,412	9,352	12,436	12,436	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	23,101	267,329	267,088	253,262	23,101	55,520	55,520	55,520	23,101	0	0	0	23,101	0	124,492	124,492	31,292	124,492	124,492	124,492	124,492	124,500	124,492	124,492	124,492	124,492	125,717	125,717	125,717	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,258	10,288	12,412	12,352	12,436	12,436	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,645,854	2,834,247	2,660,052	3,030,712	2,709,597	2,678,193	2,485,138	2,568,179	2,191,192	2,199,773	1,992,824	2,084,677	1,783,270	1,915,040	1,688,508	1,905,913	1,602,781	1,812,772	1,733,150	1,881,332	1,589,542	1,737,273	1,632,280	1,760,065	1,453,208	1,591,555	1,468,254	1,657,761	1,369,656	1,489,934	1,366,499	1,470,691	1,284,375	1,414,562	1,293,146	1,370,965	1,115,450	1,295,824	1,154,585	1,154,585	979,308	1,142,013	1,082,861	1,142,900	908,116	1,020,140	946,934	946,934	830,819	913,738	875,483	875,483	736,520	758,683	702,405	755,617	601,249	703,989	644,925	730,127	603,435	716,806	683,317	747,531	635,988	699,312	692,388	722,928	593,373	605,716	573,263	590,479	460,751	487,026	474,194	501,121	385,127	435,007	407,050	402,115	324,518	374,849	355,161	366,811	289,253	333,388	328,500	290,008	221,979	253,238	251,507	269,243	222,535	266,761	251,417	264,080	207,300	234,800	242,100	215,400	171,700	187,800	185,400	202,800	151,700	168,600	153,100	158,500	124,100	134,000	130,500	144,100	112,700	124,900	108,600	113,000	86,300	103,600	93,700	92,400	69,800	-	-	-	158,500
Liabilities And Stockholders Equity	9,188,151	9,205,014	9,032,823	8,848,815	8,489,990	7,911,728	7,869,194	7,686,808	7,767,467	7,745,194	7,687,888	7,359,679	7,049,116	6,860,797	6,611,075	6,002,405	5,289,268	5,429,296	5,312,719	5,437,201	3,085,262	3,220,934	3,067,406	3,207,787	2,868,769	2,928,351	2,815,572	2,976,402	2,674,942	2,635,733	2,578,766	2,564,528	2,370,826	2,440,586	2,271,270	2,322,010	2,034,571	2,188,698	2,025,528	2,025,528	1,903,391	1,919,306	1,846,424	1,881,328	1,706,808	1,716,303	1,722,412	1,722,412	1,594,832	1,547,850	1,582,863	1,582,863	1,463,474	1,428,058	1,363,243	1,340,543	1,230,845	1,242,097	1,171,511	1,200,436	1,075,997	1,165,002	1,176,319	1,188,071	1,057,971	1,133,604	1,135,813	1,135,947	1,007,992	988,264	976,423	974,256	814,795	816,538	814,709	805,196	678,485	694,194	683,715	639,989	536,209	589,386	536,149	557,207	458,919	495,596	496,792	446,547	338,482	365,607	357,628	381,176	332,296	375,529	363,241	379,736	302,600	329,400	338,600	325,400	264,600	267,600	266,700	287,100	224,100	240,900	227,900	229,100	195,600	202,500	202,900	207,800	174,100	185,000	166,800	172,600	146,200	154,900	161,300	152,300	116,800	-	-	-	229,100
Long Term Debt	1,729,000	1,728,255	1,727,504	1,601,563	1,164,056	1,077,926	987,411	986,896	986,382	985,867	985,353	984,838	984,324	529,264	536,051	989,074	366,480	613,885	466,290	605,695	381,100	547,505	516,410	679,565	401,069	487,228	433,676	598,919	263,850	283,781	186,212	238,641	150,000	190,000	8,652	60,000	4,957	150,000	3,078	80,000	1,200	40,000	1,224	105,000	1,242	1,255	1,263	1,272	1,284	1,292	1,300	1,302	1,316	1,151	1,238	1,324	1,407	1,534	1,599	41,694	1,797	25,098	2,093	104,721	57,351	90,788	2,410	56,020	2,808	33,793	2,937	67,886	10,739	22,706	2,905	46,924	34,744	46,005	1,630	17,679	21,210	46,890	14,263	59,937	39,100	83,166	6,814	65,427	23,157	47,675	25,481	71,097	62,950	95,969	73,726	70,045	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Long Term Debt Total	0	0	1,727,504	1,601,563	1,164,056	1,077,926	987,411	986,896	986,382	985,867	985,353	984,838	984,324	529,264	536,051	989,074	366,480	613,885	466,290	605,695	410,370	577,195	547,049	711,282	433,686	520,737	467,536	624,444	289,769	310,027	207,706	260,402	166,992	200,746	8,652	68,761	4,957	153,048	3,078	81,190	1,200	41,214	1,224	106,233	1,242	1,255	1,263	1,272	1,284	0	0	0	1,316	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91	105	276	1,676	3,222	5,991	5,871	5,698	4,252	0	0	0	3,215	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Net Debt	4,638,911	4,555,596	4,223,939	4,513,699	4,067,658	3,847,505	3,403,726	3,511,534	3,041,264	2,757,610	2,403,008	2,573,940	2,199,818	2,301,232	2,121,357	2,926,435	2,624,925	2,830,704	2,608,957	2,746,710	353,967	535,890	505,809	607,429	353,083	476,736	423,161	565,599	247,147	265,814	67,675	196,982	104,057	149,934	-47,224	12,069	-45,964	105,663	-52,762	-52,762	-141,501	-4,735	-54,435	49,250	-137,350	-68,895	-177,802	-177,802	-175,648	-95,266	-184,184	-184,184	-255,932	-169,425	-179,497	-136,376	-171,052	-92,923	-89,770	4,851	-34,885	9,060	-60,235	88,062	44,498	65,869	-40,098	21,209	-33,732	8,884	-39,086	29,635	-9,415	-1,885	-62,305	10,166	6,685	23,049	-64,452	-6,048	1,230	18,472	-1,087	37,192	27,809	71,361	-6,346	53,112	16,681	36,027	19,215	60,249	57,229	90,107	64,287	63,112	51,000	73,200	32,800	29,900	22,700	38,900	23,200	38,900	24,100	28,100	12,400	23,200	10,000	16,600	6,100	26,900	22,300	13,100	5,700	2,700	-200	7,400	-9,100	2,300	40,900	-	-	-	20,300
Net Invested Capital	3,878,762	3,839,386	3,814,656	3,516,109	3,206,472	3,019,071	2,901,278	2,776,918	2,989,047	3,006,620	2,965,466	2,837,137	2,908,140	2,785,130	2,611,781	2,372,797	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,461	0	0	2,621	0	8,430	8,430	9,030	17,100	6,827	37,571	35,475	30,484	7,838	26,757	25,888	0	5,600	5,589	4,846	4,111	23,655	5,115	4,815	4,760	4,776	4,066	7,339	3,680	16,335	3,311	16,921	3,763	42,628	38,005	33,850	40,962	33,317	25,515	25,515	29,838	19,823	14,446	15,614	31,498	27,429	19,960	14,041	22,337	14,747	11,758	11,861	0	0	0	0	42,320	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	47,911	44,301	46,562	42,065	42,621	30,974	38,490	35,192	29,319	26,909	32,354	102	2,687	11,198	6,486	6,516	4,500	6,565	6,410	7,683	6,876	10,019	20,004	6,800	10,400	13,500	15,200	5,600	8,700	11,700	13,400	5,200	5,900	6,300	6,900	4,900	4,700	4,300	3,900	3,700	3,200	3,700	4,200	2,200	2,600	2,900	3,800	1,900	-	-	-	6,900
Net Tangible Assets	0	0	2,087,152	1,914,546	2,042,416	1,885,625	1,858,347	1,734,502	1,947,145	1,965,233	1,924,593	1,852,299	1,923,840	1,875,866	1,695,730	1,353,723	1,442,631	1,491,822	1,544,942	1,485,576	1,561,820	1,495,297	1,406,042	1,313,245	1,418,673	1,371,401	1,382,566	1,379,498	1,453,218	1,464,740	1,501,929	1,352,703	1,393,294	1,337,260	1,383,447	1,314,878	1,293,561	1,230,207	1,265,925	1,204,557	1,246,894	1,184,511	1,143,747	1,030,226	1,024,974	1,054,213	1,067,139	1,055,155	1,008,290	936,905	940,695	912,106	922,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,086,857	1,215,318	1,339,810	1,109,221	781,563	1,014,605	988,218	968,611	1,185,598	1,421,854	1,483,612	1,404,909	1,514,887	1,038,299	873,058	986,114	540,287	753,775	666,422	767,151	856,292	967,167	869,242	970,158	806,154	869,801	824,034	1,007,176	740,615	917,496	864,100	812,653	664,147	807,642	703,906	721,927	670,897	750,245	655,198	655,198	677,107	683,103	626,149	643,261	569,547	619,891	663,527	663,527	629,624	569,581	593,462	593,462	617,153	528,511	505,339	446,837	415,749	374,001	338,910	316,852	283,460	295,861	261,160	347,069	312,068	365,576	293,740	352,384	316,104	327,774	275,657	301,888	240,732	244,416	229,550	243,911	216,809	219,776	183,684	170,404	177,499	179,061	148,762	165,695	143,835	166,711	86,334	135,144	122,309	137,421	111,532	140,496	133,731	162,286	139,398	128,738	117,300	123,800	97,700	99,600	95,500	97,700	85,400	97,800	82,900	83,200	69,800	71,600	65,900	69,800	61,900	68,500	63,800	58,700	47,900	45,500	46,200	45,900	44,300	39,600	-	-	-	-	71,600
Non Current Assets Total	5,924,212	5,670,900	5,455,549	5,389,894	5,332,215	4,801,923	4,638,798	4,518,533	4,517,027	4,277,333	4,120,745	3,978,845	3,790,431	3,689,835	3,580,963	3,522,166	3,501,381	3,423,798	3,374,911	3,358,116	1,290,863	1,279,226	1,256,678	1,223,694	1,213,401	1,186,356	1,185,050	1,152,142	1,157,133	1,005,977	990,231	938,478	885,395	867,222	821,763	795,095	760,581	762,111	741,343	741,343	694,143	665,688	640,743	613,937	576,756	554,379	524,163	524,163	504,583	475,454	453,630	453,630	419,757	416,388	406,024	394,624	396,516	391,443	395,141	395,090	391,694	391,109	391,086	380,092	366,047	363,567	352,849	333,823	328,647	311,646	306,599	295,823	283,382	254,541	228,888	217,919	220,080	190,201	176,798	172,260	152,883	151,704	133,298	129,041	126,649	128,385	123,258	113,591	86,520	83,985	83,687	84,620	85,063	83,823	83,329	79,698	76,700	72,100	70,600	68,400	62,800	60,300	58,700	55,400	54,500	53,800	53,700	53,700	52,000	49,300	48,700	48,000	47,600	45,000	43,800	42,200	42,000	40,200	39,700	38,400	38,100	-	-	-	53,700
Non Current Liabilities Other	138,029	136,285	125,670	2,906,556	120,003	113,625	110,490	106,485	105,848	125,651	120,131	2,546,617	143,154	2,323,004	2,222,240	2,163,687	2,001,162	2,069,978	2,026,509	2,027,118	67,927	65,414	65,002	62,783	61,290	59,402	56,457	54,375	54,683	57,025	55,379	51,066	54,463	53,953	0	0	53,153	0	0	0	46,226	0	0	0	42,374	0	0	0	35,075	0	0	0	31,655	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,861,307	4,775,087	4,708,207	4,584,569	4,071,362	3,875,383	3,713,149	3,697,122	3,699,960	3,678,434	3,624,244	3,531,455	3,381,478	2,852,268	2,758,291	3,154,557	2,474,545	2,685,751	2,496,391	2,639,691	585,335	751,096	719,878	880,607	600,882	684,756	626,518	779,820	444,530	458,733	352,402	398,428	156,248	337,604	142,222	202,144	137,917	282,149	130,616	130,616	124,356	164,280	123,145	226,972	121,329	120,057	120,551	120,551	125,917	108,130	106,397	106,397	103,668	98,556	94,978	96,285	79,062	71,903	69,638	106,280	65,024	86,206	60,556	161,538	112,778	144,318	52,246	100,881	45,847	74,397	42,550	105,615	46,416	55,939	38,603	80,030	66,305	56,929	16,037	32,146	34,998	53,540	18,193	63,783	42,636	87,141	10,811	69,099	27,533	52,401	27,779	73,536	63,758	96,850	74,687	71,025	55,700	63,900	39,000	49,100	38,300	43,100	31,400	49,700	32,500	36,300	24,500	31,400	23,100	28,300	22,100	34,000	27,900	23,700	13,900	14,200	14,500	15,000	15,300	15,600	42,300	-	-	-	31,400
Non Currrent Assets Other	22,242	44,978	45,193	-35,197	-7,639	59,741	42,318	63,168	55,406	38,009	37,571	35,475	30,484	28,941	26,757	25,888	24,131	22,997	23,670	25,805	25,300	29,200	29,902	30,218	25,912	24,435	24,015	22,559	23,890	19,362	19,199	16,921	18,337	18,392	19,627	19,550	20,541	20,123	20,303	20,303	18,861	15,751	16,363	16,689	16,500	15,122	12,876	12,876	13,470	12,635	11,758	11,758	7,960	7,697	5,391	4,856	4,922	5,259	5,093	4,969	5,676	6,183	6,012	6,669	6,169	5,720	6,069	7,309	5,976	6,707	8,024	5,837	4,941	4,190	4,117	4,340	6,446	5,945	4,234	4,202	4,292	-2,971	2,635	-4,485	3,104	2,396	1,839	1,827	1,791	1,608	3,258	3,492	4,575	3,739	3,732	2,973	3,000	3,200	3,200	2,900	2,900	2,200	2,100	2,000	2,100	2,600	2,400	2,500	2,500	2,600	2,600	2,600	2,500	2,800	2,600	2,600	2,600	3,000	3,300	3,200	3,000	-	-	-	2,500
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Other Assets	0	0	0	41,253	41,536	99,281	78,574	63,168	57,843	54,599	56,343	46,903	2,485,951	32,522	39,623	25,888	24,040	22,892	23,394	24,129	28,685	36,694	44,772	173,295	168,898	189,519	202,692	195,105	194,825	82,812	88,269	82,977	37,819	58,565	52,860	45,343	39,581	55,310	47,956	36,561	29,211	31,292	29,267	30,643	26,758	25,380	23,134	22,868	23,728	25,005	22,016	24,899	23,968	31,165	33,482	28,786	26,271	28,702	31,246	30,372	29,661	33,839	33,935	34,968	33,119	31,807	31,386	27,848	27,043	27,784	29,292	27,321	24,907	12,162	4,117	4,340	6,446	5,945	4,234	4,175	4,292	4,323	2,635	3,096	3,104	5,407	4,442	4,376	4,532	2,720	4,370	4,604	4,575	3,739	3,732	2,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Other Current Assets	218,553	278,174	297,191	235,510	245,676	211,941	214,436	185,634	164,118	149,550	162,318	146,227	133,659	136,098	135,238	112,853	100,865	104,486	95,051	90,692	114,447	109,478	103,379	86,815	88,252	75,618	90,409	86,459	90,557	67,980	67,613	80,858	87,510	64,822	62,039	64,967	66,444	49,936	48,120	48,120	57,359	45,794	52,676	51,855	51,808	71,599	72,215	72,215	82,465	62,068	68,233	68,233	33,945	66,154	57,822	52,242	17,909	51,794	39,600	37,855	43,636	40,504	38,959	43,065	42,236	45,003	47,172	43,410	48,367	44,722	53,207	48,333	49,459	1,401	968	1,704	2,272	2,877	2,472	3,058	3,636	2,611	2,949	3,774	3,779	4,261	4,331	4,430	18,900	9,800	6,179	6,631	7,870	8,880	5,710	5,694	4,800	3,900	3,600	4,800	6,300	4,400	2,700	4,500	4,200	4,300	3,100	2,100	1,700	3,400	3,900	5,200	5,000	2,100	3,400	2,600	1,700	1,900	1,600	3,600	3,500	-	-	-	2,100
Other Current Liab	624,507	538,117	530,448	506,533	628,348	539,079	593,515	494,203	584,030	531,656	550,724	486,105	464,452	396,519	481,712	290,395	293,429	268,010	298,933	241,492	288,230	260,872	263,107	252,866	244,101	236,266	272,250	239,703	246,378	216,952	282,960	219,571	243,157	238,039	292,491	218,996	232,057	193,175	238,692	238,692	215,612	166,955	218,682	148,048	240,075	179,939	219,930	219,930	194,183	162,575	183,975	183,975	179,085	134,205	161,998	103,767	144,980	119,417	142,208	105,353	113,465	962	25,520	99,401	5,062	111,450	17,574	1,934	11,550	1,044	21,729	96,599	1,421	664	11,197	74,314	92,764	84,421	5,542	65,821	74,263	319	5,845	51,450	4,800	48,194	54,428	42	3,111	8,522	8,022	35,348	39,784	33,693	39,270	49,111	45,500	39,400	43,600	43,500	41,700	37,200	39,300	36,500	32,500	27,800	30,900	26,400	28,400	25,500	26,000	21,800	24,700	22,400	23,500	20,800	24,500	23,700	25,700	20,600	22,700	-	-	-	26,400
Other Liab	0	0	0	197,419	150,778	153,165	146,746	143,972	105,848	125,651	120,131	115,481	143,154	113,228	96,810	78,164	76,222	75,748	73,951	76,140	174,965	173,901	172,829	169,325	167,196	164,019	158,982	155,376	154,761	148,706	144,696	138,026	139,256	136,858	133,570	133,383	132,960	129,101	127,538	125,222	123,156	123,066	121,921	120,739	118,610	116,324	113,131	111,181	110,806	106,838	104,973	103,529	102,352	97,405	93,740	94,961	77,655	70,369	68,039	64,586	63,227	61,108	58,463	56,817	55,427	53,530	49,836	44,861	43,039	40,605	39,613	37,729	35,677	33,233	31,053	27,542	25,851	8,008	5,528	5,588	4,909	5,066	2,346	2,262	1,952	3,975	3,997	3,672	4,376	4,726	2,298	2,439	808	881	961	980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Other Stockholder Equity	-4,140,409	-4,045,034	-3,926,935	-3,790,302	-3,594,626	-3,527,701	-3,419,554	-3,247,732	-2,945,334	-2,763,141	-2,638,544	-2,455,911	-2,261,453	-2,217,528	-2,253,126	-2,298,378	-2,047,298	-2,019,746	-1,886,818	-1,771,258	-1,657,264	-1,627,016	-1,637,036	-1,559,776	-1,414,673	-1,384,853	-1,315,870	-1,193,033	-1,089,983	-983,817	-888,976	-86,406	-833,659	-804,866	-698,529	-640,988	-1,919,649	-1,829,373	-1,774,768	-508,843	217,980	215,471	199,680	168,658	-347,413	-252,767	-204,010	-204,010	-138,947	-148,368	-110,385	-110,385	364,907	366,117	346,184	329,570	306,834	-29,675	-36,822	245,692	238,630	230,567	226,655	233,706	218,468	257,174	272,498	112,528	129,249	124,895	117,633	112,941	99,047	230,158	217,406	207,927	190,500	174,691	75,940	73,390	153,583	60,909	60,114	54,793	52,174	50,095	48,822	46,935	44,916	43,327	43,190	43,103	87,909	85,363	82,732	80,149	77,900	75,700	74,200	72,000	70,500	69,800	68,200	66,900	65,500	64,200	62,800	61,700	60,600	59,700	41,700	41,800	41,800	41,700	41,800	41,800	41,700	41,800	41,800	41,700	-5,000	-	-	-	142,400
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Property Plant And Equipment Gross	7,870,683	5,358,593	2,185,476	2,144,769	2,083,616	1,843,324	1,744,556	1,655,750	1,617,806	1,441,704	4,008,882	3,876,422	3,672,841	3,532,821	3,416,848	3,371,786	3,352,758	3,276,309	3,226,749	3,207,819	1,134,464	1,112,000	1,081,543	1,050,399	1,044,500	996,837	982,400	957,000	962,308	923,200	902,000	855,500	847,600	808,700	768,900	749,800	721,000	706,800	693,400	679,700	664,900	634,400	611,500	583,300	550,000	529,000	501,029	488,670	480,855	450,400	431,600	413,800	395,800	385,200	372,500	365,800	370,200	362,700	363,900	364,700	362,000	357,300	357,200	345,100	332,900	331,800	321,463	305,975	301,600	283,862	277,300	268,500	258,475	242,400	224,800	213,600	213,600	184,300	175,400	171,000	150,800	147,400	130,700	125,900	123,500	123,000	118,800	109,200	82,000	81,300	79,317	80,016	80,500	80,084	79,600	76,700	73,700	68,900	67,400	65,500	59,900	58,100	56,600	53,400	52,400	51,200	51,300	51,200	49,500	46,700	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Property Plant And Equipment Net	5,579,155	5,358,593	5,143,268	5,095,379	5,037,417	4,647,122	4,504,704	4,399,845	4,403,664	4,167,214	4,008,882	3,876,422	3,672,841	3,532,821	3,416,848	3,371,786	3,352,758	3,276,309	3,226,749	3,207,819	1,134,464	1,112,049	1,081,543	1,050,399	1,044,503	996,837	982,358	957,037	962,308	923,165	901,962	855,501	847,576	808,657	768,903	749,752	721,000	706,801	693,387	693,387	664,932	634,396	611,476	583,294	549,998	528,999	501,029	501,029	480,855	450,449	431,614	431,614	395,789	385,223	372,542	365,838	370,245	362,741	363,895	364,718	362,033	357,270	357,151	345,124	332,928	331,760	321,463	305,975	301,604	283,862	277,307	268,502	258,475	242,379	224,771	213,579	213,634	184,256	172,564	168,058	148,591	147,381	130,663	125,945	123,545	122,978	118,816	109,215	81,988	81,265	79,317	80,016	80,488	80,084	79,597	76,725	73,700	68,900	67,400	65,500	59,900	58,100	56,600	53,400	52,400	51,200	51,300	51,200	49,500	46,700	46,100	45,400	45,100	42,200	41,200	39,600	39,400	37,200	36,400	35,200	35,100	-	-	-	51,200
Property Plant Equipment	0	0	2,185,476	2,144,769	2,083,616	4,647,122	4,504,704	4,399,845	4,403,664	4,167,214	4,008,882	1,287,004	1,248,960	1,178,625	1,148,225	1,143,189	1,163,956	1,143,071	1,135,310	1,120,869	1,134,464	1,112,049	1,081,543	1,050,399	1,044,503	996,837	982,358	957,037	962,308	923,165	901,962	855,501	847,576	808,657	768,903	749,752	721,000	706,801	693,387	679,693	664,932	634,396	611,476	583,294	549,998	528,999	501,029	488,670	480,855	450,449	431,614	413,818	395,789	385,223	372,542	365,838	370,245	362,741	363,895	364,718	362,033	357,270	357,151	345,124	332,928	331,760	321,463	305,975	301,604	283,862	277,307	268,502	258,475	242,379	224,771	213,579	213,634	184,256	172,564	168,085	148,591	147,381	130,663	125,945	123,545	122,978	118,816	109,215	81,988	81,265	79,317	80,016	80,488	80,084	79,597	76,725	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Retained Earnings	6,281,959	6,145,455	6,002,453	5,693,993	5,624,352	5,455,134	5,322,859	5,029,003	4,945,243	4,783,076	4,618,045	4,307,919	4,187,135	4,097,863	3,953,795	3,655,761	3,612,833	3,510,107	3,429,492	3,253,104	3,213,895	3,114,972	3,035,970	2,866,467	2,829,220	2,753,335	2,695,554	2,569,497	2,540,449	2,448,309	2,390,909	2,266,555	2,225,601	2,140,775	2,080,627	1,954,519	1,918,307	1,828,036	1,773,433	1,773,433	1,631,483	1,553,814	1,507,206	1,401,810	1,371,733	1,306,328	1,270,497	1,270,497	1,146,594	1,084,632	1,050,441	1,050,441	954,704	863,698	836,767	765,373	761,139	722,886	700,907	646,143	645,673	629,370	609,609	562,591	563,743	533,726	516,258	472,501	469,355	439,857	421,799	378,872	378,347	347,445	329,116	293,362	292,678	276,151	268,199	236,823	233,002	216,142	204,013	176,626	176,501	158,868	151,067	133,721	137,731	128,177	125,752	110,108	111,957	106,261	105,138	94,592	95,600	89,300	86,700	76,600	77,700	72,700	70,600	61,400	62,900	58,700	57,200	50,300	51,200	47,200	45,000	37,200	38,200	34,800	32,500	25,800	26,100	23,400	21,000	14,800	22,300	-	-	-	-50,300
Retained Earnings Total Equity	0	0	6,002,453	5,693,993	5,624,352	5,455,134	5,322,859	5,029,003	4,945,243	4,783,076	4,618,045	4,307,919	4,187,135	4,097,863	3,953,795	3,655,761	3,612,833	3,510,107	3,429,492	3,252,387	3,213,895	3,114,972	3,035,970	2,866,467	2,829,220	2,753,335	2,695,554	2,569,497	2,540,449	2,448,309	2,390,909	2,266,555	2,225,601	2,140,775	2,080,627	1,954,519	1,918,307	1,828,036	1,773,433	1,662,209	1,631,483	1,553,814	1,507,206	1,401,810	1,371,733	1,306,328	1,270,497	1,178,305	1,146,594	1,084,632	1,050,441	967,928	954,704	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	380,000	380,000	30,000	30,000	30,000	22,500	21,250	26,250	26,250	25,000	25,000	25,000	22,500	491,010	13,856	10,398	11,294	11,081	11,081	167,870	0	0	0	5,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,035,982	4,977,289	4,843,970	4,703,777	4,270,160	4,058,746	3,934,548	3,916,966	3,919,294	3,869,321	3,815,009	3,723,870	3,541,574	3,413,218	3,327,723	3,387,908	2,709,166	2,913,344	2,712,975	2,848,925	440,266	607,192	575,763	739,827	462,231	546,782	490,954	638,300	301,063	321,321	218,787	271,483	167,870	201,286	9,093	69,202	5,170	153,173	3,203	3,203	1,242	41,253	1,263	106,272	1,280	1,290	1,298	1,298	1,317	1,324	1,333	1,333	1,407	1,495	1,582	1,684	1,799	1,948	2,075	42,215	2,347	25,643	2,722	105,445	58,198	91,591	3,306	56,995	3,873	35,064	4,268	69,256	11,788	23,774	4,053	48,056	35,626	46,537	1,969	18,018	21,210	49,375	16,745	62,419	41,582	85,617	9,265	67,878	25,608	50,096	28,905	74,521	66,374	99,296	77,053	73,372	58,000	81,400	41,600	51,500	40,900	45,300	31,400	49,900	32,600	36,400	24,100	31,100	22,900	27,700	21,600	33,500	27,400	22,900	13,000	13,300	13,800	14,000	14,300	16,400	44,400	-	-	-	28,200
Short Term Debt	372,772	368,493	320,590	316,627	349,576	336,528	368,145	363,816	325,182	316,538	310,896	307,896	303,250	679,233	671,645	315,792	311,135	303,922	290,924	285,374	29,896	29,997	28,714	28,545	28,545	26,045	23,418	13,856	11,294	11,294	11,081	11,081	150,878	540	441	441	213	125	125	125	42	39	39	39	38	35	35	35	33	32	33	33	91	344	344	360	392	414	476	521	550	545	629	724	847	803	896	975	1,065	1,271	1,331	1,370	1,049	1,068	1,148	1,132	882	532	339	339	0	2,485	2,482	2,482	2,482	2,451	2,451	2,451	2,451	2,421	3,424	3,424	3,424	3,327	3,327	3,327	3,300	18,500	3,600	3,600	3,700	3,500	1,300	1,400	1,500	1,700	1,700	1,700	1,700	1,600	1,600	1,600	1,500	1,400	1,400	1,400	1,500	1,300	1,300	3,100	4,400	-	-	-	1,700
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	8,400	8,400	8,400	8,800	21,870	21,870	21,870	21,870	15,913	15,913	15,913	15,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Total Assets	9,188,151	9,205,014	9,032,823	8,848,815	8,489,990	7,911,728	7,869,194	7,686,808	7,767,467	7,745,194	7,687,888	7,359,679	7,049,116	6,860,797	6,611,075	6,002,405	5,289,268	5,429,296	5,312,719	5,437,201	3,085,262	3,220,934	3,067,406	3,207,787	2,868,769	2,928,351	2,815,572	2,976,402	2,674,942	2,635,733	2,578,766	2,564,528	2,370,826	2,440,586	2,271,270	2,322,010	2,034,571	2,188,698	2,025,528	2,025,528	1,903,391	1,919,306	1,846,424	1,881,328	1,706,808	1,716,303	1,722,412	1,722,412	1,594,832	1,547,850	1,582,863	1,582,863	1,463,474	1,428,058	1,363,243	1,340,543	1,230,845	1,242,097	1,171,511	1,200,436	1,075,997	1,165,002	1,176,319	1,188,071	1,057,971	1,133,604	1,135,813	1,135,947	1,007,992	988,264	976,423	974,256	814,795	816,538	814,709	805,196	678,485	694,194	683,715	639,989	536,209	589,386	536,149	557,207	458,919	495,596	496,792	446,547	338,482	365,607	357,628	381,176	332,296	375,529	363,241	379,736	302,600	329,400	338,600	325,400	264,600	267,600	266,700	287,100	224,100	240,900	227,900	229,100	195,600	202,500	202,900	207,800	174,100	185,000	166,800	172,600	146,200	154,900	161,300	152,300	116,800	-	-	-	229,100
Total Current Assets	3,263,939	3,534,114	3,577,274	3,458,921	3,157,775	3,109,805	3,230,396	3,168,275	3,250,440	3,467,861	3,567,143	3,380,834	3,258,685	3,170,962	3,030,112	2,480,239	1,787,887	2,005,498	1,937,808	2,079,085	1,794,399	1,941,708	1,810,728	1,984,093	1,655,368	1,741,995	1,630,522	1,824,260	1,517,809	1,629,756	1,588,535	1,626,050	1,485,431	1,573,364	1,449,507	1,526,915	1,273,990	1,426,587	1,284,185	1,284,185	1,209,248	1,253,618	1,205,681	1,267,391	1,130,052	1,161,924	1,198,249	1,198,249	1,090,249	1,072,396	1,129,233	1,129,233	1,043,717	1,011,670	957,219	945,919	834,329	850,654	776,370	805,346	684,303	773,893	785,233	807,979	691,924	770,037	782,964	802,124	679,345	676,618	669,824	678,433	531,413	561,997	585,821	587,277	458,405	503,993	506,917	467,729	383,326	437,682	402,851	428,166	332,270	367,211	373,534	332,956	251,962	281,622	273,941	296,556	247,233	291,706	279,912	300,038	225,900	257,300	268,000	257,000	201,800	207,300	208,000	231,700	169,600	187,100	174,200	175,400	143,600	153,200	154,200	159,800	126,500	140,000	123,000	130,400	104,200	114,700	121,600	113,900	78,700	-	-	-	175,400
Total Current Liabilities	2,177,082	2,318,796	2,237,464	2,349,700	2,376,212	2,095,200	2,242,178	2,199,664	2,064,842	2,046,007	2,083,531	1,975,925	1,743,798	2,132,663	2,157,054	1,494,125	1,247,600	1,251,723	1,271,386	1,311,934	938,107	974,541	941,486	1,013,935	849,214	872,194	806,488	817,084	777,194	712,260	724,435	813,397	821,284	765,722	745,601	804,988	603,093	676,342	628,987	628,987	532,141	570,515	579,532	624,130	560,505	542,033	534,722	534,722	460,625	502,815	535,771	535,771	426,564	483,159	451,880	499,082	418,580	476,653	437,460	488,494	400,843	478,032	524,073	460,910	379,856	404,461	489,224	449,740	363,241	348,844	394,167	376,545	290,681	317,581	356,271	343,366	241,596	284,217	323,233	297,325	205,827	258,621	254,089	262,471	188,435	200,500	287,200	197,812	129,653	144,201	162,409	156,060	113,502	129,420	140,514	171,300	108,600	133,500	170,300	157,400	106,300	109,600	122,600	133,900	86,700	103,900	104,400	103,800	77,700	83,400	92,300	91,300	62,700	81,300	75,100	84,900	58,000	68,800	77,300	74,300	51,300	-	-	-	103,800
Total Liab	7,038,389	7,093,883	6,945,671	6,934,269	6,447,574	5,970,583	5,955,327	5,896,786	5,764,802	5,724,441	5,707,775	5,507,380	5,125,276	4,984,931	4,915,345	4,648,682	3,722,145	3,937,474	3,767,777	3,951,625	1,523,442	1,725,637	1,661,364	1,894,542	1,450,096	1,556,950	1,433,006	1,596,904	1,221,724	1,170,993	1,076,837	1,211,825	977,532	1,103,326	887,823	1,007,132	741,010	958,491	759,603	759,603	656,497	734,795	702,677	851,102	681,834	662,090	655,273	655,273	586,542	610,945	642,168	642,168	530,232	581,715	546,858	595,367	497,642	548,556	507,098	594,774	465,867	564,238	584,629	622,448	492,634	548,779	541,470	550,621	409,088	423,241	436,717	482,160	337,097	373,520	394,874	423,396	307,901	341,146	339,270	329,471	240,825	312,161	272,282	326,254	231,071	287,641	298,011	266,911	157,186	196,602	190,188	229,596	177,260	226,270	215,201	242,325	164,300	197,400	209,300	206,500	144,600	152,700	154,000	183,600	119,200	140,200	128,900	135,200	100,800	111,700	114,400	125,300	90,600	105,000	89,000	99,100	72,500	83,800	92,600	89,900	93,600	-	-	-	135,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Total Stockholder Equity	2,149,762	2,111,131	2,087,152	1,914,546	2,042,416	1,941,145	1,913,867	1,790,022	2,002,665	2,020,753	1,980,113	1,852,299	1,923,840	1,875,866	1,695,730	1,353,723	1,567,123	1,491,822	1,544,942	1,485,576	1,561,820	1,495,297	1,406,042	1,313,245	1,418,673	1,371,401	1,382,566	1,379,498	1,453,218	1,464,740	1,501,929	1,352,703	1,393,294	1,337,260	1,383,447	1,314,878	1,293,561	1,230,207	1,265,925	1,265,925	1,246,894	1,184,511	1,143,747	1,030,226	1,024,974	1,054,213	1,067,139	1,067,139	1,008,290	936,905	940,695	940,695	933,242	846,343	816,385	745,176	733,203	693,541	664,413	605,662	610,130	600,764	591,690	565,623	565,337	584,825	594,343	585,326	598,904	565,023	539,706	492,096	477,698	443,018	419,835	381,800	370,584	353,048	344,445	310,518	295,384	277,225	263,867	230,953	227,848	207,955	198,781	179,636	181,296	169,005	167,440	151,580	155,036	149,259	148,040	137,411	138,300	132,000	129,300	118,900	120,000	114,900	112,700	103,500	104,900	100,700	99,000	93,900	94,800	90,800	88,500	82,500	83,500	80,000	77,800	73,500	73,700	71,100	68,700	62,400	23,200	-	-	-	93,900
Treasury Stock	0	0	-5,210,524	-5,053,077	-4,855,909	-4,763,862	-4,640,236	-4,452,026	-4,155,846	-3,954,926	-3,813,667	-3,610,362	-3,356,953	-3,277,215	-3,277,215	-3,277,215	-3,013,996	-2,970,654	-2,814,912	-2,635,996	-2,480,677	-2,420,106	-2,383,446	-2,288,364	-2,130,901	-2,088,145	-2,009,645	-1,876,045	-1,761,498	-1,645,482	-1,536,695	-1,528,892	-1,429,790	-1,381,041	-1,261,625	-1,185,030	-1,137,085	-1,082,970	-985,585	-923,043	-838,588	-799,773	-778,476	-759,035	-709,172	-601,213	-539,909	-441,516	-437,373	-429,469	-380,249	-310,522	-257,376	-242,096	-232,900	-223,007	-219,204	-214,690	-213,775	-213,033	-203,915	-192,549	-177,858	-152,900	-150,049	-94,924	-63,720	-21,332	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Begin Period Cash Flow	202,502	878,030	1,341,756	84,241	86,299	109,148	53,916	63,813	51,134	142,743	138,630	176,965	257,339	172,851	36,989	13,700	26,393	21,203	28,941	19,980	13,773	8,927	9,145	6,991	18,200	8,500	12,900	5,100	14,000	3,500	5,000
Capital Expenditures	753,883	773,369	628,431	294,002	217,450	278,530	250,401	226,017	236,496	160,613	218,200	152,924	166,156	96,511	73,974	91,759	83,547	88,894	77,507	91,313	48,122	66,544	13,569	17,358	20,400	14,500	9,100	9,600	10,100	6,700	3,500
Cash And Cash Equivalents Changes	0	-675,528	-463,726	1,257,515	-2,058	-22,849	55,232	-9,897	12,679	-91,609	4,113	-38,335	-80,374	84,488	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-14,937	-71,719	31,129	1,582	-13,058	12,838	7,779	-12,700	-1,144	-3,276	4,596	-1,434	-3,201	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	194,569	-675,528	-463,726	1,257,515	-2,058	-22,849	55,232	-9,897	12,679	-91,609	4,113	-38,335	-80,374	84,488	135,862	23,532	-12,693	16,402	-7,738	8,961	6,207	4,846	-218	2,154	-11,200	9,700	-4,400	7,800	-8,800	10,600	-1,500
Change In Working Capital	-181,416	-182,478	-209,395	350,005	15,785	-55,555	-13,369	36,524	-92,037	-54,240	-56,680	47,570	-66,795	-30,684	34,847	61,390	-9,981	-50,685	-27,748	-23,655	-25,085	-6,613	17,677	-12,607	-32,600	-4,200	-20,800	6,400	-27,100	-5,200	-7,100
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	107,374	53,565	23,933	10,211	-8,033	22,150	-9,814	33,142	13,969	66,069	5,819	36,345	31,106	-7,635	-6,706	0	0	0	100	2,109	5,500	-900	-1,200	-400	-300	-1,200	0	0	0
Change To Inventory	40,872	-349,742	-407,922	-180,489	-13,239	-136,334	-83,552	-67,650	-168,925	-136,142	-71,192	-77,297	-94,299	-60,054	2,186	32,553	-41,137	-132,622	-71,302	-60,609	-38,318	-67,274	556	-15,210	-35,600	-20,000	-27,700	-11,400	-26,400	-16,500	-9,400
Change To Liabilities	0	182,201	179,534	499,365	27,442	93,837	57,345	96,395	89,588	83,046	17,788	120,271	28,938	32,571	10,290	26,346	33,514	62,265	49,230	39,104	24,335	57,236	19,694	10,422	0	0	0	0	0	0	0
Change To Netincome	0	107,683	80,843	4,377	37,599	40,241	56,386	22,438	-12,747	-22,102	-37,898	-34,700	17,852	15,523	7,605	0	0	10,129	1,421	0	0	0	1,468	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-21,641	56,031	183,480	-2,358	45,721	8,927	9,910	4,180	5,704	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	393,049	343,062	270,158	217,124	195,978	177,351	165,834	142,958	123,569	114,635	100,025	88,975	80,347	69,797	66,258	60,731	51,064	42,292	34,020	27,186	19,758	16,457	11,254	9,889	7,300	5,300	4,500	3,400	2,500	1,800	1,700
Dividends Paid	449,620	409,603	239,006	174,656	162,699	147,087	133,828	122,272	103,101	84,061	68,484	51,318	30,850	20,355	274,034	853,052	0	0	0	0	0	0	0	0	0	0	100	200	400	500	500
End Period Cash Flow	397,071	202,502	878,030	1,341,756	84,241	86,299	109,148	53,916	63,813	51,134	142,743	138,630	176,965	257,339	172,851	37,232	13,700	37,605	21,203	28,941	19,980	13,773	8,927	9,145	7,000	18,200	8,500	12,900	5,200	14,100	3,500
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
Free Cash Flow	580,150	583,610	510,289	1,100,513	594,266	415,864	381,049	413,023	192,684	248,565	115,481	225,378	87,988	126,097	141,343	125,690	71,474	-1,751	21,674	-14,247	13,926	-19,887	33,236	-7,185	-28,100	1,000	-14,200	11,600	-21,400	1,100	-2,500
Investments	-1,097,353	-1,093,726	-627,340	-292,210	-214,961	-276,314	-237,956	-369,265	0	0	0	0	15,913	-15,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	29,891	25,535	82,249	99,340	115,981	79,643	0	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	178,000	-4,580	598,330	-14,958	-21,996	150,054	123,850	149,493	-114	-38	-37	-90	-392	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,107,226	1,088,712	997,114	748,958	562,354	532,357	422,599	437,120	410,395	370,885	328,234	276,457	222,740	167,972	115,466	81,930	96,241	91,008	85,669	64,069	56,501	38,770	25,774	16,390	17,900	14,800	11,800	13,200	12,500	11,300	6,900
Other Cashflows From Financing Activities	1,114,926	1,010,000	-627,340	1,991,952	1,002,000	1,193,154	1,179,401	955,291	707,032	373,850	228,517	25,836	16,320	9,032	552,348	1,707,189	57,474	16	-25,161	12,401	-20,032	15,974	-38,237	8,364	15,600	8,200	19,600	-4,600	13,800	-30,700	-1,600
Other Cashflows From Investing Activities	0	-320,357	1,091	1,792	2,489	2,216	12,445	-143,248	584	331	8,877	13,849	-21,118	313	0	0	0	0	0	0	0	0	1,499	0	0	0	0	0	0	0	0
Other Non Cash Items	-48,013	2,158	4,045	72,894	-297	-567	460	-11,092	-26,717	-18,461	-43,482	-25,760	955	1,062	213	-425	30	9,664	9,003	5,802	3,752	1,975	-2,233	-241	-100	1,400	-500	-600	1,400	-300	400
Sale Purchase Of Stock	-618,635	-728,655	-813,769	-350,756	-537,137	-351,143	-370,219	-332,551	-295,702	-303,263	-133,558	-278,620	-179,997	-38,172	-15,289	-53,866	-150,049	10,100	0	6,800	5,800	4,800	1,600	300	500	300	-1,800	-1,800	-2,400	0	0
Stock Based Compensation	57,015	53,832	47,649	37,273	31,136	28,921	29,202	23,554	19,420	16,173	13,893	17,641	15,041	11,771	12,130	12,257	10,620	-1,606	10,972	8,306	0	0	0	0	0	0	0	-900	-300	0	-400
Total Cash From Financing Activities	-486,395	-938,781	-975,106	155,210	-598,813	-440,929	-338,262	-279,672	-180,589	-340,505	-120,245	-277,562	-163,157	-26,009	-5,578	-105,482	-85,141	10,089	-16,222	19,242	-14,258	20,809	-36,329	8,705	16,100	8,500	8,200	-6,600	11,000	8,600	-2,100
Total Cash From Operating Activities	1,334,033	1,356,979	1,138,720	1,394,515	811,716	694,394	631,450	639,040	429,180	409,178	333,681	378,302	254,144	222,608	215,317	217,449	155,021	87,143	99,181	77,066	62,048	46,657	46,805	10,173	-7,700	15,500	-5,100	21,200	-11,300	7,800	1,000
Total Cashflows From Investing Activities	0	-1,093,726	-627,340	-292,210	-214,961	-276,314	-237,956	-369,265	-235,912	-160,282	-209,323	-139,075	-171,361	-112,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1987-03-31
Begin Period Cash Flow	421,693	620,031	190,078	202,502	211,241	530,822	405,432	878,030	1,111,711	1,412,001	1,149,930	1,341,756	1,111,986	1,206,366	461,473	84,241	82,640	104,018	102,215	86,299	71,302	69,954	132,398	109,148	70,046	67,793	72,701	53,916	55,507	151,112	74,501	63,813	51,352	56,317	57,133	51,134	47,510	55,965	47,789	47,789	45,988	55,698	57,022	138,630	70,185	179,100	126,695	126,695	96,590	185,517	140,448	140,448	170,920	181,079	138,060	172,851	94,871	91,845	37,364	37,232	16,583	62,957	17,383	13,700	25,722	43,404	35,786	37,605	26,180	43,354	39,621	21,203	25,659	66,358	37,890	28,941	23,488	66,421	24,066	19,980	30,903	17,832	25,227	13,773	14,256	15,611	14,766	8,927	14,069	9,690	14,272	9,145	9,189	12,766	10,260	6,991	8,200	9,000	21,600	18,200	6,400	8,200	11,000	8,500	8,300	11,700	7,900	12,900	11,100	15,500	6,600	5,100	2,700	0	10,600	14,000	0	9,100	14,200	3,500	12,900
Capital Expenditures	227,160	177,137	191,643	157,943	322,215	185,846	152,921	112,387	246,073	166,329	115,288	100,741	132,710	74,668	56,976	29,648	73,108	60,802	54,755	28,785	84,837	76,998	71,551	45,144	98,361	55,430	61,727	34,883	58,856	66,205	64,224	36,732	73,028	66,454	48,247	48,767	35,188	43,311	40,251	40,251	61,409	58,165	49,291	49,335	41,748	45,610	33,737	33,737	58,830	33,242	45,179	45,179	29,425	30,159	23,987	12,940	24,539	15,291	15,289	18,855	22,931	15,361	26,975	26,492	15,184	23,661	28,291	16,411	30,381	17,200	22,706	18,607	24,344	27,001	19,456	6,706	36,119	18,351	10,859	25,984	8,980	22,746	9,053	7,343	9,521	7,704	11,441	37,878	3,969	4,821	2,458	2,321	3,320	3,226	5,416	5,396	5,700	3,600	3,900	7,200	4,900	3,000	4,300	2,300	2,500	1,700	2,200	2,700	4,300	1,800	1,600	1,900	4,100	2,400	2,300	1,300	2,800	1,300	1,700	900	2,700
Cash And Cash Equivalents Changes	0	0	429,953	-12,424	-8,739	-319,581	125,390	-472,598	-233,681	-300,290	262,071	-191,826	229,770	-94,380	744,893	377,232	1,601	-21,378	1,803	15,916	14,997	1,348	-62,444	23,250	39,102	2,253	-4,908	18,785	-1,591	-95,605	76,611	10,688	12,461	-4,965	-816	5,999	3,624	-8,455	8,176	-94,954	96,755	-9,710	-1,324	-81,608	68,445	-108,915	52,405	-50,270	80,375	-87,547	43,689	-116,891	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-21,188	9,894	27,883	-20,616	-35,690	13,486	-62,824	22,998	-6,603	-25,290	10,915	19,954	-572	832	-9,107	-4,282	-4,237	19,208	1,962	-4,034	-12,147	1,161	-10,893	20,604	-3,229	6,356	-19,087	3,755	16,302	6,809	-20,272	1,692	3,014	2,866	-13,110	-115	-53	12,134	-14,571	8,803	6,116	-3,624	-62	6,338	-4,351	2,671	2,747	2,572	0	-6,753	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-24,622	-198,338	429,953	-12,424	-8,739	-319,581	125,390	-472,598	-233,681	-300,290	262,071	-191,826	229,770	-94,380	744,893	377,232	1,601	-21,378	1,803	15,916	14,997	1,348	-62,444	23,250	39,102	2,253	-4,908	18,785	-1,591	-95,605	76,611	10,688	12,461	-4,965	-816	5,999	3,624	-8,455	8,176	8,176	96,755	-9,710	-1,324	-81,608	68,445	-108,915	52,405	52,405	80,375	-88,927	45,069	45,069	86,419	-10,159	43,019	-34,791	77,980	3,026	54,481	132	20,649	-46,374	45,574	3,683	-12,022	-17,682	7,618	-1,819	11,425	-17,174	3,733	18,418	-4,456	-40,699	28,468	8,949	5,453	-42,933	42,355	4,086	-10,923	13,071	-7,395	11,454	-483	-1,355	845	5,839	-5,142	4,379	-4,582	5,127	-44	-3,577	2,506	3,269	-1,200	-800	-12,700	3,400	11,800	-1,800	-2,900	2,600	300	-3,400	3,700	-5,000	1,800	-4,500	9,000	1,500	-4,700	2,700	-3,400	-3,400	7,500	-16,700	9,100	10,700	-5,000
Change In Working Capital	55,528	-154,810	238,683	-320,817	339,237	-338,472	75,130	-258,373	-56,697	-245,562	189,739	-96,875	139,198	-254,805	525,166	-59,554	198,205	-112,197	88,285	-158,508	145,426	-95,091	38,763	-144,653	109,292	-40,900	166,060	-247,821	187,269	-129,389	18,990	-40,346	29,095	-96,897	24,904	-49,139	98,254	-90,745	57,166	57,166	125,187	-43,704	25,800	-163,963	134,538	-60,946	55,161	55,161	39,764	-65,405	52,307	52,307	53,516	-35,151	3,307	-52,356	49,974	-25,373	38,999	-28,753	39,272	-78,458	132,331	-31,755	51,871	-90,977	66,800	-37,675	29,064	-77,570	40,847	-43,026	-3,816	-56,413	50,706	-18,225	15,665	-79,683	28,959	11,404	-5,502	-16,264	8,522	-11,841	30,233	-83,409	46,988	-425	14,053	-18,832	24,243	-1,787	30,891	-26,431	-8,905	-8,162	21,000	-42,100	-10,900	-600	15,300	-16,300	9,200	-12,400	1,100	-16,900	5,700	-10,700	6,300	-12,200	15,600	-3,300	-10,400	-8,300	-5,700	-2,700	7,100	-18,200	6,200	-300	-10,700
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	-33,009	-20,356	0	0	0	0	0	48,585	28,201	-12,149	42,737	68,519	-5,489	14,875	-24,340	35,594	-9,201	4,944	-7,404	30,770	-1,548	-15,222	-3,789	10,287	15,427	-9,701	-24,046	-6	12,231	19,152	-9,227	-35,131	-52,969	60,454	17,832	9,175	-42,451	58,482	58,482	30,347	-30,798	56,380	-41,960	63,188	-35,941	77,828	0	27,805	-16,540	39,497	39,497	41,418	-38,110	56,750	-23,713	23,679	-30,725	37,990	162	0	0	0	-12,831	0	0	0	-5,971	0	0	0	0	0	0	0	0	0	0	0	0	102	102	102	102	-2,600	9,391	-4,700	-4,300	2,300	2,100	1,118	1,273	-800	0	10,000	-13,200	3,600	3,100	1,700	-9,600	3,100	3,000	1,700	-8,200	700	400	600	-2,000	-200	-400	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	188,393	-182,147	355,741	-321,115	137,259	-193,055	83,041	-376,987	8,581	-206,949	91,853	-301,407	131,770	-226,532	217,405	-303,132	209,991	-79,622	148,182	-291,790	147,731	-104,993	127,785	-306,857	138,347	-123,301	189,507	-288,105	137,909	-123,435	104,192	-186,316	130,187	-121,416	77,819	-255,515	180,374	-141,239	70,647	70,647	162,705	-59,152	60,039	-234,784	112,024	-73,206	84,846	84,846	82,919	-38,255	65,894	65,894	97,380	-56,278	53,212	-154,368	102,740	-59,064	85,202	-126,692	113,371	-33,489	64,214	-111,543	63,324	-6,924	30,540	-128,077	12,343	-32,453	17,216	-129,728	30,597	-12,832	26,900	-116,000	49,880	-27,957	-5,000	-77,600	50,331	-19,688	11,650	-80,611	44,135	-4,888	-38,492	-68,029	31,259	-1,731	17,736	-46,708	44,226	-15,344	12,663	-56,755	27,500	7,300	-26,700	-43,700	16,100	-2,500	17,500	-51,100	16,900	-15,600	5,500	-34,500	9,900	-3,500	13,600	-31,400	12,200	-16,300	4,400	-26,700	17,200	-9,900	-1,200	-22,600	-34,500
Change To Liabilities	0	0	-95,870	-9,596	174,095	-124,801	-61,127	186,015	-42,183	-24,098	39,987	229,822	-3,487	-48,227	308,333	242,746	-2,679	-28,293	-55,660	114,074	-4,267	13,936	-76,875	161,043	-18,162	61,797	-20,218	33,928	68,447	-9,709	-101,504	139,161	-80,820	22,827	-55,929	203,510	-69,010	50,609	-13,428	114,875	-22,947	6,645	-40,355	74,445	22,576	5,922	-25,334	117,107	-45,902	-43,309	77,185	118,149	24,295	86,187	3,307	101,222	10,290	75,946	4,018	85,463	26,346	100,144	121,377	85,106	33,514	52,013	119,109	95,089	62,265	58,113	83,187	86,964	49,230	78,314	106,505	102,296	39,104	78,197	111,864	91,498	24,335	74,664	64,609	77,700	57,236	73,078	154,483	71,228	19,694	24,823	42,528	44,201	10,422	24,049	32,671	66,110	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	571	60,050	25,722	17,824	11,571	52,566	26,815	14,268	7,176	32,584	-18,092	21,381	-7,185	8,273	3,611	5,698	5,405	22,885	12,730	12,726	6,215	8,570	28,320	20,531	1,410	6,125	14,528	10,365	-4,110	1,655	12,094	-10,525	-11,446	-2,870	1,184	-14,185	-13,911	4,810	-12,966	-11,413	-15,478	1,959	-14,159	-7,612	-11,747	-1,182	8,874	-6,482	3,400	12,060	1,004	0	43,996	0	7,605	0	32,673	3,083	0	0	20,458	0	0	0	6,024	0	10,129	0	20,308	0	1,421	664	11,197	0	0	0	5,542	0	0	0	3,233	0	0	0	3,064	0	1,468	6,879	6,379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	-128,145	90,648	-45	-36,773	-75,471	-12,060	75,628	14,047	-21,584	62,381	58,267	82,961	-20,129	13,385	18,256	3,294	-37,293	40,074	29,432	-11,321	-12,464	8,927	41,473	-15,765	6,356	9,910	3,755	16,302	6,809	4,180	0	0	0	5,704	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	103,274	90,263	102,279	97,233	94,820	87,236	83,360	77,646	75,427	69,824	64,853	60,054	58,490	54,651	52,547	51,436	51,394	49,819	48,998	45,767	45,968	44,986	43,610	42,787	43,133	41,927	41,047	39,727	39,662	35,662	34,057	33,577	32,825	30,149	30,313	30,282	30,114	29,387	27,914	27,914	26,969	26,137	24,220	22,699	22,595	22,208	22,433	22,433	23,662	19,591	18,829	18,829	18,484	17,502	17,157	16,654	17,501	16,421	16,135	16,201	16,006	15,345	15,008	14,372	13,794	12,900	12,357	12,013	11,372	10,717	10,580	9,623	9,416	8,893	8,065	7,646	9,000	6,269	6,114	5,803	5,389	5,165	4,750	4,454	4,350	4,557	4,457	3,093	2,900	2,816	2,831	2,707	2,672	2,590	2,445	2,182	2,100	1,900	1,900	1,400	1,300	1,400	1,300	1,300	1,200	1,200	1,100	1,000	900	900	900	700	700	600	600	600	400	500	500	400	1,000
Dividends Paid	111,401	111,998	112,774	113,447	101,652	101,862	102,622	103,467	59,171	59,369	59,896	60,570	46,621	46,542	40,644	40,849	41,453	41,518	42,105	37,623	37,928	37,782	37,786	33,591	33,858	34,115	34,592	31,263	31,443	32,044	32,071	26,714	26,886	27,164	27,223	21,828	21,791	22,000	22,187	22,187	18,212	18,159	18,184	13,929	14,082	14,190	14,429	14,429	8,550	8,542	8,647	8,647	5,102	5,086	5,093	5,074	0	0	74,457	199,576	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100	0	0	0	0	0	200	0	0	0	300	0	0	0	0
End Period Cash Flow	397,071	421,693	620,031	190,078	202,502	211,241	530,822	405,432	878,030	1,111,711	1,412,001	1,149,930	1,341,756	1,111,986	1,206,366	461,473	84,241	82,640	104,018	102,215	86,299	71,302	69,954	132,398	109,148	70,046	67,793	72,701	53,916	55,507	151,112	74,501	63,813	51,352	56,317	57,133	51,134	47,510	55,965	55,965	142,743	45,988	55,698	57,022	138,630	70,185	179,100	179,100	176,965	96,590	185,517	185,517	257,339	170,920	181,079	138,060	172,851	94,871	91,845	37,364	37,232	16,583	62,957	17,383	13,700	25,722	43,404	35,786	37,605	26,180	43,354	39,621	21,203	25,659	66,358	37,890	28,941	23,488	66,421	24,066	19,980	30,903	17,832	25,227	13,773	14,256	15,611	14,766	8,927	14,069	9,690	14,272	9,145	9,189	12,766	10,260	7,000	8,200	-12,700	21,600	11,800	-1,800	-2,900	11,100	300	-3,400	3,700	7,900	1,800	-4,500	9,000	6,600	-4,700	2,700	-3,400	10,600	7,500	-16,700	9,100	14,200	7,900
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	168,947	-21,532	571,124	-138,389	408,434	-185,121	413,618	-53,321	20,810	-103,399	516,502	76,376	256,830	-62,831	852,230	54,284	324,281	4,651	307,143	-41,809	256,138	2,407	224,326	-67,007	192,127	58,024	307,439	-176,541	306,186	-60,123	141,138	25,822	112,698	-56,415	148,855	-12,454	206,426	-42,251	164,329	164,329	173,662	-22,378	108,831	-144,634	180,713	-41,939	138,731	138,731	83,982	-39,271	116,983	116,983	98,666	-6,623	67,969	-33,915	79,754	-722	93,771	-31,460	50,913	-55,544	172,081	-41,760	84,362	-75,716	98,356	-35,528	37,505	-56,330	65,392	-48,318	21,543	-62,663	70,204	-7,410	15,833	-87,834	56,179	1,575	12,893	-20,815	33,754	-11,906	40,473	-80,186	58,277	-38,451	16,935	-18,430	38,082	-3,351	32,672	-25,939	-1,744	-12,174	23,400	-40,700	-3,100	-7,700	16,200	-15,700	15,300	-14,800	3,900	-16,400	11,700	-13,400	5,800	-11,100	22,400	-5,500	-9,700	-7,800	-500	-3,400	7,400	-16,500	11,400	-1,200	-13,400
Investments	-198,457	-110,097	-186,831	-157,684	-642,741	-185,855	-152,842	-112,288	-246,076	-165,551	-115,194	-100,519	-132,048	-74,184	-56,650	-29,328	-72,936	-59,096	-54,502	-28,427	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,544	4,601	6,629	8,623	10,038	2,502	5,085	7,910	7,056	5,167	11,318	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	125,271	437,000	88,000	90,000	-1,330	-1,197	-1,213	-1,160	-1,121	-1,086	90,165	-8,563	-104,772	621,500	-248,467	154,064	-139,158	218,603	-167,021	31,334	-164,159	277,850	-84,642	55,365	-157,837	337,168	-20,327	97,190	-52,767	99,754	-40,189	189,881	-60,109	59,910	-150,057	149,970	-80,017	79,990	-40,011	39,990	-105,009	104,992	-10	-8	-9	-10	-7	-36	0	-47	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	247,903	255,001	421,234	183,088	270,870	234,137	396,478	187,227	221,338	224,400	370,022	181,354	135,893	190,610	338,678	83,777	144,179	122,133	219,210	76,832	136,851	116,784	207,289	71,433	109,743	91,896	160,649	60,311	123,583	89,444	156,425	67,668	111,712	87,312	153,331	58,040	112,062	76,603	133,411	133,411	95,881	64,767	123,580	44,006	79,487	50,021	106,621	106,621	768	-382	42,733	91,160	50,160	32,017	76,487	9,308	38,253	21,979	54,764	470	16,303	19,761	47,018	-1,152	30,017	17,468	43,757	4,999	29,497	18,059	42,927	525	30,902	18,329	35,754	684	20,920	7,952	31,376	3,821	16,860	12,129	27,387	125	17,633	7,801	17,346	-4,010	9,554	2,425	15,644	-1,849	5,696	1,123	10,546	-975	6,300	2,600	10,100	-1,100	5,000	2,100	9,200	-1,500	4,200	1,500	7,000	-900	4,000	2,300	7,900	-1,000	3,500	2,300	6,900	-200	2,900	2,400	6,500	-500	-900
Other Cashflows From Financing Activities	-198,457	-110,097	1,010,271	747,000	890,000	120,000	-185,685	-112,288	-246,076	-165,551	-115,194	-100,519	834,189	-74,184	348,763	809,000	55,000	380,000	182,000	385,000	225,000	295,500	298,000	374,654	170,000	431,714	102,687	475,000	250,034	101,355	127,192	476,710	165,038	349,094	74,719	118,181	106,517	153,162	32,481	32,481	21,891	46,822	22,811	136,993	12,679	3,241	6,563	6,563	5,399	3,079	3,884	3,978	2,696	4,475	410	1,783	1,356	1,925	149,597	399,468	-22,624	23,123	-102,633	47,368	-32,931	88,539	-51,718	53,584	-30,946	32,922	-64,377	62,417	-12,064	19,726	-44,286	11,463	-12,029	44,010	-16,049	-3,531	-27,825	32,630	-45,674	20,837	-44,035	76,352	-58,613	42,270	-24,488	21,191	-43,087	8,147	-32,922	22,243	3,681	15,362	-24,900	39,800	-10,000	10,700	-4,500	13,700	-18,300	17,300	-3,600	12,200	-8,800	8,300	-5,000	6,100	-13,700	6,000	4,600	9,900	-3,000	-300	-200	-300	-2,300	-28,100	8,300
Other Cashflows From Investing Activities	0	0	4,812	259	-320,526	-9	79	99	-3	778	94	222	662	484	326	320	172	1,706	253	358	187	1,741	275	13	1,565	99	10,753	28	-143,614	326	20	20	213	70	36	265	22	143	84	82	146	96	8,450	185	58	721	13,070	0	31	-21,205	0	56	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,499	1,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-20,553	-26,986	-335	-139	705	859	268	326	750	-457	3,644	108	73,668	-432	-27	-315	-35	47	-85	-224	-282	-908	529	94	-49	311	19	179	326	-1,369	-7,039	-3,010	-9,838	-3,964	-4,687	-8,228	-11,377	-2,845	-2,492	-2,492	-11,686	-6,814	-12,833	-12,149	-5,957	-3,452	-6,504	100,117	71,280	42,351	91,684	524	430	32	193	407	48	59	47	59	2,702	3,041	3,000	543	1,968	3,173	2,816	289	2,821	2,378	1,675	2,790	10,003	2,778	-2,889	3,752	6,663	-4,021	589	6,531	-1,506	733	2,029	2,496	1,439	-1,022	981	577	-5,603	-18	-2,178	-101	-3,267	5	-414	177	-300	500	-300	-200	-500	100	-100	100	-100	-500	100	-100	-1,100	-300	-400	0	600	100	-100	200	-200	100	-100	100	-100
Sale Purchase Of Stock	-114,213	-135,648	-163,935	-204,839	-92,263	-124,330	-189,440	-322,622	-201,160	-142,307	-204,826	-265,476	-79,805	-341	-1,984	-268,626	-43,370	-156,393	-179,029	-158,345	-61,316	-36,713	-95,082	-158,032	-42,801	-78,618	-133,600	-115,200	-116,016	-108,787	-7,803	-99,945	-48,748	-121,319	-76,612	-49,023	-54,115	-100,940	-62,542	-62,542	-39,015	-21,297	-19,441	-53,805	-114,780	-61,304	-98,393	-98,393	-7,904	-49,220	-69,727	-69,727	-15,280	-9,196	-9,893	-3,803	-4,514	-915	-742	-9,118	-11,366	-14,691	-24,958	-2,851	-55,125	-31,204	-42,388	-21,332	1,400	0	1,500	5,000	0	1,800	1,400	4,100	400	500	1,300	4,600	700	500	2,900	1,700	1,000	900	900	2,000	1,300	100	0	0	0	0	100	100	100	100	200	100	100	100	0	100	100	100	-1,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	11,865	14,971	15,665	14,514	15,301	13,681	12,534	12,316	11,912	12,543	10,876	12,318	10,296	12,528	7,504	6,945	5,381	7,355	8,776	9,624	6,134	6,378	7,842	8,567	6,271	7,852	7,522	7,557	6,228	6,114	5,943	5,269	4,583	5,002	4,836	4,999	4,059	3,996	4,177	4,177	3,544	3,415	3,537	3,397	3,590	4,742	4,750	4,750	4,348	3,704	3,377	3,377	3,017	2,528	3,072	3,154	2,971	3,033	2,824	3,302	0	27	-144	2,663	98	213	-570	2,663	-1,416	-77	-2,064	1,951	0	0	0	6,331	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-222,272	-243,846	-145,983	125,706	-96,647	-134,451	-288,307	-419,376	-254,488	-197,669	-254,525	-268,424	-27,722	-32,033	-107,663	322,628	-322,852	-27,735	-305,593	57,367	-241,328	-2,800	-287,045	90,244	-154,590	-55,870	-323,100	195,298	-164,163	-35,808	-64,547	-15,154	-100,450	51,380	-149,707	18,188	-202,824	33,653	-156,237	-156,237	-77,053	12,572	-118,605	62,841	-112,326	-67,697	-99,396	-99,396	-3,638	-50,239	-66,039	-66,039	-12,268	-3,538	-9,039	-1,164	-1,827	3,710	-39,050	31,589	-33,338	9,154	-126,729	45,431	-85,180	58,031	-91,614	33,622	-29,819	35,387	-62,917	67,438	-10,437	21,521	-42,838	15,532	-11,562	44,534	-14,787	1,057	-27,181	33,141	-42,733	22,515	-42,983	77,223	-57,721	44,290	-22,898	21,328	-43,000	8,241	-32,841	22,339	3,764	15,443	-24,800	39,900	-9,800	10,800	-4,400	13,800	-18,300	17,400	-3,600	12,300	-8,800	8,300	-5,000	6,100	-13,700	6,000	4,400	9,900	-3,000	-300	-500	-300	-2,300	11,700	8,300
Total Cash From Operating Activities	396,107	155,605	762,767	19,554	730,649	725	566,539	59,066	266,883	62,930	631,790	177,117	389,540	11,837	909,206	83,932	397,389	65,453	361,898	-13,024	340,975	79,405	295,877	-21,863	290,488	113,454	369,166	-141,658	365,042	6,082	205,362	62,554	185,726	10,039	197,102	36,313	241,614	1,060	204,580	204,580	235,071	35,787	158,122	-95,299	222,461	3,671	172,468	172,468	142,812	-6,029	162,162	162,162	128,091	23,536	91,956	-20,975	104,293	14,569	109,060	-12,605	73,844	-40,183	199,056	-15,268	99,546	-52,055	126,647	-19,117	67,886	-39,130	88,098	-29,711	45,887	-35,662	89,660	-704	51,952	-69,483	67,038	27,559	21,873	1,931	42,807	-4,563	49,994	-72,482	69,718	-573	20,904	-13,609	40,540	-1,030	35,992	-22,713	3,672	-6,778	29,100	-37,100	800	-500	21,100	-12,700	19,600	-12,500	6,400	-14,700	13,900	-10,700	10,100	-9,300	24,000	-3,600	-5,600	-5,400	1,800	-2,100	10,200	-15,200	13,100	-300	-10,700
Total Cashflows From Investing Activities	0	0	-186,831	-157,684	-642,741	-185,855	-152,842	-112,288	-246,076	-165,551	-115,194	-100,519	-132,048	-74,184	-56,650	-29,328	-72,936	-59,096	-54,502	-28,427	-84,650	-75,257	-71,276	-45,131	-96,796	-55,331	-50,974	-34,855	-202,470	-65,879	-64,204	-36,712	-72,815	-66,384	-48,211	-48,502	-35,166	-43,168	-40,167	-41,781	-61,263	-58,069	-40,841	-49,150	-41,690	-44,889	-20,667	-31,829	-58,799	-83,713	0	-28,849	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Cost Of Revenue	9,327,522	9,232,513	8,253,952	6,858,803	5,480,161	5,208,518	4,764,417	4,454,377	4,083,333	3,761,300	3,411,175	3,098,066	2,825,871	2,434,671	2,171,980	2,095,688	1,850,504	1,618,249	1,428,428	1,214,156	1,023,985	867,803	621,455	558,630	506,800	446,000	377,500	332,400	285,200	241,800	207,500
Depreciation And Amortization	393,049	343,062	270,158	286,097	195,978	177,351	165,834	142,958	123,569	114,635	100,025	88,975	80,347	69,797	66,258	60,731	51,064	42,292	34,020	27,186	19,758	16,457	11,254	9,889	7,300	5,300	4,500	3,400	2,500	1,800	1,700
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
Ebit	1,478,912	1,434,943	1,306,698	996,928	743,220	701,737	686,382	694,080	650,508	589,472	514,650	436,792	352,703	266,224	184,633	133,436	160,041	148,020	136,444	101,546	96,927	65,440	36,674	33,983	34,300	28,700	22,400	24,400	22,600	20,600	15,200
Ebitda	1,871,961	1,778,005	1,576,856	1,283,025	939,198	879,088	852,216	837,038	774,077	704,107	614,675	525,767	433,050	336,021	250,891	194,167	211,105	190,312	170,464	128,732	116,685	81,897	47,928	43,872	41,600	34,000	26,900	27,800	25,100	22,400	16,900
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-4,900	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	5,228,219	4,972,204	4,477,153	3,761,549	2,871,770	2,702,528	2,491,965	2,325,202	2,143,174	1,950,415	1,753,609	1,566,054	1,406,872	1,203,665	1,034,957	912,261	852,708	751,363	639,551	524,687	448,900	342,187	228,344	200,407	181,300	154,700	131,600	116,600	98,700	88,200	71,700
Income Before Tax	1,432,402	1,404,310	1,280,088	968,147	723,377	683,385	672,523	688,270	647,617	587,587	514,093	435,737	350,616	264,940	182,989	133,436	155,004	145,332	134,812	100,106	93,483	60,733	36,526	27,596	30,100	25,300	20,000	22,000	20,800	18,800	11,400
Income Tax Expense	325,176	315,598	282,974	219,189	161,023	151,028	249,924	251,150	237,222	216,702	185,859	159,280	127,876	96,968	67,523	51,506	58,763	54,324	49,143	36,037	35,094	21,963	10,752	11,206	12,200	10,500	8,200	8,800	8,300	7,500	4,500
Interest Expense	46,510	30,633	26,610	28,781	19,843	18,352	13,859	5,810	2,891	1,885	557	1,055	2,087	1,284	1,644	2,133	5,037	2,688	1,632	1,440	5,332	4,707	148	6,387	4,200	3,400	2,400	2,400	1,800	1,800	3,800
Interest Income	0	0	0	0	0	0	0	5,810	2,891	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,107,226	1,088,712	997,114	748,958	562,354	532,357	422,599	437,120	410,395	370,885	328,234	276,457	222,740	167,972	115,466	81,930	96,241	91,008	85,669	64,069	56,501	38,770	25,774	16,390	17,900	14,800	11,800	13,200	12,500	11,300	6,900
Net Income Applicable To Common Shares	0	1,088,712	997,114	748,958	562,354	532,357	422,599	437,120	410,395	370,885	328,234	276,457	222,740	167,972	115,466	81,930	96,241	91,008	85,669	64,069	58,389	38,770	25,774	16,390	0	0	0	0	0	0	0
Net Income From Continuing Ops	1,130,193	1,088,712	997,114	748,958	562,354	532,357	422,599	437,120	410,395	370,885	328,234	276,457	222,740	167,972	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-44,803	-30,633	-26,610	-28,781	-19,843	-18,352	-13,859	-5,810	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	68,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,478,912	1,434,943	1,306,698	996,928	743,220	701,737	686,382	694,080	650,508	589,472	514,650	436,792	352,703	266,224	184,633	135,569	160,041	148,020	136,444	101,546	96,927	65,440	38,847	33,983	34,300	28,700	22,400	24,400	22,600	20,600	15,200
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
Other Operating Expenses	13,076,829	12,769,774	11,424,407	9,554,451	7,608,711	7,209,309	6,570,000	6,085,499	5,575,999	5,122,243	4,650,134	4,227,328	3,880,040	3,372,112	3,022,304	2,874,513	2,543,171	2,221,592	1,931,535	1,637,297	1,375,958	1,144,550	810,952	725,054	653,800	572,000	486,700	424,600	361,300	309,400	264,000
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
Reconciled Depreciation	384,595	343,062	270,158	217,124	195,978	177,351	165,834	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	94,600	95,400	100,900	86,600	0	0	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	3,410,299	3,099,599	2,804,897	2,377,624	1,845,972	1,823,440	1,639,749	1,488,164	1,369,097	1,246,300	1,138,900	1,040,300	973,822	867,600	784,100	716,000	641,600	555,800	469,087	396,000	331,600	259,700	178,200	156,500	139,700	120,700	104,700	88,800	0	0	0
Tax Provision	328,891	315,598	282,974	219,189	161,023	151,028	249,924	251,150	237,222	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	3,749,307	3,537,261	3,170,455	2,695,648	2,128,550	2,000,791	1,805,583	1,631,122	1,492,666	1,360,943	1,238,959	1,129,262	1,054,169	937,441	850,324	778,825	692,667	603,343	503,107	423,141	351,973	276,747	189,497	166,424	147,000	126,000	109,200	92,200	76,100	67,600	56,500
Total Other Income Expense Net	-46,510	-30,633	-26,610	-28,781	-19,843	-18,352	-13,859	-5,810	-2,891	-1,885	-557	-1,055	-2,087	-1,284	-1,644	-2,133	-5,037	-2,688	-1,632	-1,440	-3,444	-4,707	2,173	-6,387	-4,200	-3,400	-2,400	-2,400	-1,800	-1,800	-3,800
Total Revenue	14,555,741	14,204,717	12,731,105	10,620,352	8,351,931	7,911,046	7,256,382	6,779,579	6,226,507	5,711,715	5,164,784	4,664,120	4,232,743	3,638,336	3,206,937	3,007,949	2,703,212	2,369,612	2,067,979	1,738,843	1,472,885	1,209,990	849,799	759,037	688,100	600,700	509,100	449,000	383,900	330,000	279,200

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1987-03-31
Cost Of Revenue	2,366,778	2,161,501	2,669,926	2,129,317	2,642,750	2,104,989	2,517,151	1,967,623	2,198,706	1,932,616	2,314,074	1,808,556	1,882,735	1,658,615	2,019,514	1,297,939	1,449,984	1,289,904	1,533,037	1,207,236	1,416,938	1,228,493	1,443,835	1,119,252	1,284,240	1,121,248	1,313,054	1,045,875	1,270,280	1,007,432	1,203,312	973,353	1,085,609	963,397	1,147,580	886,747	1,044,659	895,881	1,033,299	1,033,299	935,377	792,424	949,627	733,747	861,544	708,467	840,438	840,438	836,862	650,173	775,866	775,866	695,810	549,975	706,853	482,033	576,847	501,692	644,306	449,135	568,222	509,312	618,850	399,304	487,795	430,552	540,505	391,652	424,631	382,882	487,559	323,263	407,115	332,702	423,479	265,132	310,587	306,808	365,376	231,385	265,952	251,971	313,099	192,963	230,119	212,196	283,657	141,831	159,873	145,463	195,697	120,422	147,635	130,361	170,756	109,878	136,100	118,600	158,700	93,500	115,900	104,200	146,800	79,100	98,800	88,200	118,200	72,300	85,000	77,900	108,900	60,600	74,000	65,400	92,100	53,700	61,300	54,300	79,500	46,600	-	-	-	-	72,300
Depreciation And Amortization	103,274	90,263	102,279	97,233	94,820	87,236	83,360	77,646	75,427	69,824	64,853	60,054	58,490	54,651	52,547	51,436	51,394	49,819	48,998	45,767	45,968	44,986	43,610	42,787	43,133	41,927	41,047	39,727	39,662	35,662	34,057	33,577	32,825	30,149	30,313	30,282	30,114	29,387	27,914	27,914	26,969	26,137	24,220	22,699	22,595	22,208	22,433	22,433	23,662	19,591	18,829	18,829	18,484	17,502	17,157	16,654	17,501	16,421	16,135	16,201	16,006	15,345	15,008	14,372	13,794	12,900	12,357	12,013	11,372	10,717	10,580	9,623	9,416	8,893	8,065	7,646	9,000	6,269	6,114	5,803	5,389	5,165	4,750	4,454	4,350	4,557	4,457	3,093	2,900	2,816	2,831	2,707	2,672	2,590	2,445	2,182	2,100	1,900	1,900	1,400	1,300	1,400	1,300	1,300	1,200	1,200	1,100	1,000	900	900	900	700	700	600	600	600	400	500	500	400	-	-	-	-	1,000
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Ebit	334,235	340,905	559,332	244,440	359,210	306,412	525,035	244,286	293,054	297,225	485,883	230,536	253,440	252,177	447,746	112,538	190,438	161,817	287,557	103,408	180,382	153,148	273,458	94,749	183,842	148,253	257,925	96,362	194,616	142,020	249,249	108,195	173,288	139,208	245,165	92,847	177,701	122,013	211,029	211,029	147,078	101,670	197,979	67,923	124,776	77,779	169,844	169,844	111,545	68,129	144,263	144,263	78,624	50,858	122,322	14,420	59,357	35,797	88,294	1,185	26,609	32,487	77,126	-653	50,284	29,669	71,108	8,980	48,244	29,103	68,931	1,741	49,447	28,939	56,308	1,750	32,588	12,660	49,823	6,475	28,543	19,993	44,186	4,205	28,404	13,312	29,125	-5,401	12,024	4,933	21,282	-1,565	11,640	3,619	19,062	-338	12,000	5,600	17,600	-1,200	9,700	4,400	16,300	-1,700	8,100	3,100	12,200	-1,500	7,200	4,400	13,700	-900	6,600	4,200	11,900	-100	5,200	4,300	11,100	200	-	-	-	-	-1,500
Ebitda	437,509	431,168	661,611	341,673	454,030	393,648	608,395	321,932	368,481	367,049	550,736	290,590	311,930	306,828	500,293	163,974	241,832	211,636	336,555	149,175	226,350	198,134	317,068	137,536	226,975	190,180	298,972	136,089	234,278	177,682	283,306	141,772	206,113	169,357	275,478	123,129	207,815	151,400	238,943	238,943	174,047	127,807	222,199	90,622	147,371	99,987	192,277	192,277	135,207	87,720	163,092	163,092	97,108	68,360	139,479	31,074	76,858	52,218	104,429	17,386	42,615	47,832	92,134	13,719	64,078	42,569	83,465	20,993	59,616	39,820	79,511	11,364	58,863	37,832	64,373	9,396	41,588	18,929	55,937	12,278	33,932	25,158	48,936	8,659	32,754	17,869	33,582	-2,308	14,924	7,749	24,113	1,142	14,312	6,209	21,507	1,844	14,100	7,500	19,500	200	11,000	5,800	17,600	-400	9,300	4,300	13,300	-500	8,100	5,300	14,600	-200	7,300	4,800	12,500	500	5,600	4,800	11,600	600	-194,200	69,800	69,800	69,800	-500
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
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	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Gross Profit	1,293,063	1,250,479	1,514,769	1,169,908	1,363,625	1,165,815	1,386,255	1,056,509	1,120,578	1,085,310	1,287,485	983,780	995,530	947,957	1,156,813	661,249	741,801	694,240	820,745	614,984	716,333	653,132	769,414	563,649	668,598	600,456	704,708	518,203	646,262	535,274	649,222	494,444	561,001	512,248	625,320	444,605	539,595	464,069	550,532	550,532	479,712	415,666	506,140	352,091	424,622	357,171	451,461	451,461	403,166	327,603	402,497	402,497	336,839	279,139	358,803	228,884	285,685	246,038	302,198	201,036	231,274	224,606	279,477	176,904	235,457	198,647	250,424	168,180	205,267	176,340	227,385	142,284	190,819	146,905	189,756	112,071	145,399	119,576	160,543	99,169	122,578	109,233	136,292	80,797	97,798	84,019	108,391	51,979	60,484	53,972	71,793	42,095	56,101	45,117	61,585	37,604	52,000	41,600	55,400	32,100	42,500	36,400	49,300	26,500	36,000	30,200	41,300	24,100	31,100	27,100	37,800	20,600	26,500	22,900	31,500	17,800	23,100	20,600	28,800	15,800	69,800	69,800	69,800	69,800	24,100
Income Before Tax	322,287	331,366	546,989	231,760	348,969	300,186	517,938	237,217	286,512	291,079	479,182	223,315	176,381	244,969	439,308	107,489	185,601	156,917	282,381	98,478	175,936	148,688	268,480	90,281	179,604	144,501	254,833	93,585	192,951	140,910	247,339	107,070	172,877	138,426	244,333	91,981	177,083	121,508	210,721	210,721	147,606	101,320	197,423	67,744	124,576	77,538	169,813	169,813	110,509	67,538	144,046	144,046	77,937	50,820	122,081	14,102	58,852	35,336	88,030	771	26,203	32,556	76,553	-1,876	48,293	28,152	70,504	8,055	47,495	28,718	68,284	834	48,905	28,750	56,084	1,073	31,890	12,489	49,633	6,094	27,855	19,188	43,245	3,195	27,169	12,055	27,977	-6,468	11,133	3,912	24,563	-3,082	9,590	1,894	17,753	-1,641	10,400	4,400	17,100	-1,800	8,600	3,600	15,600	-2,500	7,300	2,600	11,700	-1,500	6,600	3,800	13,200	-1,600	5,800	3,700	11,700	-400	4,800	4,000	10,900	-800	-	-	-	-	-1,500
Income Tax Expense	74,384	76,365	125,755	48,672	78,099	66,049	121,460	49,990	65,174	66,679	109,160	41,961	40,488	54,359	100,630	23,712	41,422	34,784	63,171	21,646	39,085	31,904	61,191	18,848	69,861	52,605	94,184	33,274	69,368	51,466	90,914	39,402	61,165	51,114	91,002	33,941	65,021	44,905	77,310	77,310	51,725	36,553	73,843	23,738	45,089	27,517	63,192	63,192	39,997	24,805	52,886	52,886	27,777	18,803	45,594	4,794	20,599	13,357	33,266	301	9,900	12,795	29,535	-724	18,276	10,684	26,747	3,056	17,998	10,659	25,357	309	18,003	10,421	20,330	389	10,970	4,537	18,257	2,273	10,995	7,059	15,858	1,182	9,536	4,254	10,631	-2,458	1,579	1,487	8,919	-1,233	3,894	771	7,207	-666	4,100	1,800	7,000	-700	3,600	1,500	6,400	-1,000	3,100	1,000	4,700	-600	2,600	1,500	5,300	-600	2,300	1,500	4,700	-200	1,900	1,600	4,400	-300	-196,000	68,100	68,100	68,100	-600
Interest Expense	11,948	9,539	12,343	12,680	10,241	6,226	7,097	7,069	6,542	6,146	6,701	7,221	8,086	7,208	8,438	5,049	4,837	4,900	5,176	4,930	4,446	4,460	4,978	4,468	4,238	3,752	3,092	2,777	1,665	1,110	1,910	1,125	411	782	832	866	618	505	308	308	528	350	556	179	200	241	31	31	583	591	217	217	687	38	241	318	505	461	264	414	406	69	573	1,223	1,991	1,517	604	925	749	385	647	907	542	189	224	677	698	171	190	381	688	805	941	2,898	1,235	1,257	1,148	1,067	891	1,021	3,281	1,517	2,050	1,725	1,309	1,303	1,600	1,200	500	600	1,100	800	700	800	800	500	500	500	600	600	500	700	800	500	200	300	400	300	200	1,000	-	-	-	-	500
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Net Income	247,903	255,001	421,234	183,088	270,870	234,137	396,478	187,227	221,338	224,400	370,022	181,354	135,893	190,610	338,678	83,777	144,179	122,133	219,210	76,832	136,851	116,784	207,289	71,433	109,743	91,896	160,649	60,311	123,583	89,444	156,425	67,668	111,712	87,312	153,331	58,040	112,062	76,603	133,411	133,411	95,881	64,767	123,580	44,006	79,487	50,021	106,621	106,621	70,512	42,733	91,160	91,160	50,160	32,017	76,487	9,308	38,253	21,979	54,764	470	16,303	19,761	47,018	-1,152	30,017	17,468	43,757	4,999	29,497	18,059	42,927	525	30,902	18,329	35,754	684	20,920	7,952	31,376	3,821	16,860	12,129	27,387	125	17,633	7,801	17,346	-4,010	9,554	2,425	15,644	-1,849	5,696	1,123	10,546	-975	6,300	2,600	10,100	-1,100	5,000	2,100	9,200	-1,500	4,200	1,600	7,000	-900	4,000	2,300	7,900	-1,000	3,500	2,200	7,000	-200	2,900	2,400	6,500	-500	1,800	1,700	1,700	1,700	-900
Net Income Applicable To Common Shares	0	0	421,234	183,088	270,870	234,137	396,478	187,227	221,338	224,400	370,022	181,354	135,893	190,610	338,678	83,777	144,179	122,133	219,210	76,832	136,851	116,784	207,289	71,433	109,743	91,896	160,649	60,311	123,583	89,444	156,425	67,668	111,712	87,312	153,331	58,040	112,062	76,603	133,411	48,809	95,881	64,767	123,580	44,006	79,487	50,021	106,621	40,328	70,512	42,733	91,160	18,335	50,209	29,863	77,318	10,582	38,253	21,979	54,764	470	24,712	15,870	43,352	0	30,017	17,468	43,757	4,999	29,497	18,059	42,927	525	30,902	18,329	35,754	684	22,008	7,612	31,004	3,445	16,860	12,129	27,387	2,013	17,633	7,801	17,346	0	9,554	2,425	15,644	0	5,696	1,123	10,546	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Net Income From Continuing Ops	247,903	255,001	421,234	183,088	270,870	234,137	396,478	187,227	221,338	224,400	370,022	181,354	135,893	190,610	338,678	83,777	144,179	122,133	219,210	76,832	136,851	116,784	207,289	71,433	109,743	91,896	160,649	60,311	123,583	89,444	156,425	67,668	111,712	87,312	153,331	58,040	112,062	76,603	133,411	48,809	95,881	64,767	123,580	44,006	79,487	50,021	106,621	40,328	70,512	42,733	91,160	18,335	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	0	0	0	0	0	0	0	0	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	-11,948	-9,539	-12,343	-12,680	-10,241	-6,226	-7,097	-7,069	-6,542	-6,146	-6,701	-7,221	-8,086	-7,208	-8,438	-5,049	-4,837	-4,900	-5,176	-4,930	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	68,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	334,235	340,905	559,332	244,440	359,210	306,412	525,035	244,286	293,054	297,225	485,883	230,536	184,467	252,177	447,746	112,538	190,438	161,817	287,557	103,408	180,382	153,148	273,458	94,749	183,842	148,253	257,925	96,362	194,616	142,020	249,249	108,195	173,288	139,208	245,165	92,847	177,701	122,013	211,029	211,029	147,078	101,670	197,979	67,923	124,776	77,779	169,844	169,844	111,545	68,129	144,263	144,263	78,624	50,858	122,322	14,420	59,357	35,797	88,294	1,185	26,609	32,487	77,126	-653	50,284	29,669	71,108	8,980	48,244	29,103	68,931	1,741	49,447	28,939	56,308	1,750	32,588	12,660	49,823	6,475	28,543	19,993	44,186	4,205	28,404	13,312	29,125	-5,401	12,024	4,933	23,455	-1,565	11,640	3,619	19,062	-338	12,000	5,600	17,600	-1,200	9,700	4,400	16,300	-1,700	8,100	3,100	12,200	-1,000	7,200	4,400	13,700	-900	6,600	4,200	11,900	-100	5,200	4,300	11,100	200	-194,200	69,800	69,800	69,800	-1,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,325,606	3,071,075	3,625,363	3,054,785	3,647,165	2,964,392	3,378,371	2,779,846	3,026,230	2,720,701	3,115,676	2,561,800	2,624,825	2,354,395	2,728,581	1,846,650	2,001,347	1,822,327	2,066,225	1,718,812	1,952,889	1,728,477	1,939,791	1,588,152	1,768,996	1,573,451	1,759,837	1,467,716	1,721,926	1,400,686	1,603,285	1,359,602	1,473,322	1,336,437	1,527,735	1,238,505	1,406,553	1,237,937	1,372,802	1,372,802	1,268,011	1,106,420	1,257,788	1,017,915	1,161,390	987,859	1,122,055	1,122,055	1,128,483	909,647	1,034,100	1,034,100	954,025	778,256	943,334	696,497	803,175	711,933	858,210	648,986	772,887	701,431	821,201	576,861	672,968	599,530	719,821	550,852	581,654	530,119	646,013	463,806	548,487	450,668	556,927	375,453	423,398	413,724	476,096	324,079	359,987	341,211	405,205	269,555	299,513	282,903	362,923	199,211	208,333	194,502	244,035	164,082	192,096	171,859	213,279	147,820	176,100	154,600	196,500	126,800	148,700	136,200	179,800	107,300	126,700	115,300	147,300	97,400	108,900	100,600	133,000	82,100	93,900	84,100	111,700	71,600	79,200	70,600	97,200	62,200	264,000	-	-	-	97,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Reconciled Depreciation	103,274	90,263	102,279	97,233	94,820	87,236	83,360	77,646	75,427	69,824	64,853	60,054	58,490	54,651	52,547	51,436	51,394	49,819	48,998	45,767	45,968	44,986	43,610	42,787	43,133	41,927	41,047	39,727	39,662	35,662	34,057	33,577	32,825	30,149	30,313	30,282	30,114	29,387	27,914	27,220	26,969	26,137	24,220	22,699	22,595	22,208	22,433	21,739	23,662	19,591	18,829	18,265	18,484	17,502	17,157	16,654	17,501	16,421	16,135	16,201	16,006	15,345	15,008	14,372	13,794	12,900	12,357	12,013	11,372	10,717	10,580	9,623	9,416	8,893	8,065	7,646	9,000	6,269	6,114	5,803	5,389	5,165	4,750	4,454	4,350	4,557	4,457	3,093	2,900	2,816	2,831	2,707	2,672	2,590	2,445	2,182	2,100	1,900	1,900	1,400	1,300	1,400	1,300	1,300	1,200	1,200	1,100	1,000	900	900	900	700	700	600	600	600	400	500	500	400	-	-	-	-	1,000
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Selling And Marketing Expenses	0	0	0	0	94,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	70,400	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	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Selling General Administrative	855,554	819,311	853,158	828,235	814,995	772,167	777,860	734,577	752,097	718,261	736,749	693,190	1,340,120	641,129	656,520	497,275	499,969	482,604	484,190	465,809	489,983	455,000	452,346	426,113	441,600	410,276	405,700	382,100	411,984	357,600	365,900	352,700	354,900	342,900	349,800	321,500	261,380	312,700	311,600	290,300	305,700	287,900	283,900	261,500	277,300	257,200	259,184	246,668	267,959	239,900	239,400	226,600	239,700	210,800	219,300	197,800	208,800	193,800	197,800	183,700	188,700	176,800	187,300	163,200	171,400	156,100	166,959	147,187	145,100	136,520	145,000	130,600	131,956	109,100	125,400	102,700	103,800	100,600	104,600	87,000	88,100	84,100	87,400	72,100	65,000	66,200	74,800	54,300	45,600	46,200	45,507	40,953	41,800	38,908	40,100	35,800	37,900	34,100	35,900	31,900	31,600	30,600	31,700	26,900	26,700	25,900	28,000	24,100	23,000	21,800	0	0	0	0	0	0	0	0	0	0	-	-	-	-	0
Tax Provision	74,384	76,365	125,755	48,672	78,099	66,049	121,460	49,990	65,174	66,679	109,160	41,961	40,488	54,359	100,630	23,712	41,422	34,784	63,171	21,646	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	958,828	909,574	955,437	925,468	1,004,415	859,403	861,220	812,223	827,524	788,085	801,602	753,244	742,090	695,780	709,067	548,711	551,363	532,423	533,188	511,576	535,951	499,984	495,956	468,900	484,756	452,203	446,783	421,841	451,646	393,254	399,973	386,249	387,713	373,040	380,155	351,758	361,894	342,056	339,503	339,503	332,634	313,996	308,161	284,168	299,846	279,392	281,617	281,617	291,621	259,474	258,234	258,234	258,215	228,281	236,481	214,464	226,328	210,241	213,904	199,851	204,665	192,119	202,351	177,557	185,173	168,978	179,316	159,200	157,023	147,237	158,454	140,543	141,372	117,966	133,448	110,321	112,811	106,916	110,720	92,694	94,035	89,240	92,106	76,592	69,394	70,707	79,266	57,380	48,460	49,039	48,338	43,660	44,461	41,498	42,523	37,942	40,000	36,000	37,800	33,300	32,800	32,000	33,000	28,200	27,900	27,100	29,100	25,100	23,900	22,700	24,100	21,500	19,900	18,700	19,600	17,900	17,900	16,300	17,700	15,600	-264,000	-	-	-	25,100
Total Other Income Expense Net	-11,948	-9,539	-12,343	-12,680	-10,241	-6,226	-7,097	-7,069	-6,542	-6,146	-6,701	-7,221	-68,973	-7,208	-8,438	-5,049	-4,837	-4,900	-5,176	-4,930	-4,446	-4,460	-4,978	-4,468	-4,238	-3,752	-3,092	-2,777	-1,665	-1,110	-1,910	-1,125	-411	-782	-832	-866	-618	-505	-308	-308	528	-350	-556	-179	-200	-241	-31	-31	-1,036	-591	-217	-217	-687	-38	-241	-318	-505	-461	-264	-414	-406	69	-573	-1,223	-1,991	-1,517	-604	-925	-749	-385	-647	-907	-542	-189	-224	-677	-698	-171	-190	-381	-688	-805	-941	-1,010	-1,235	-1,257	-1,148	-1,067	-891	-1,021	2,173	-1,517	-2,050	-1,725	-1,309	-1,303	-1,600	-1,200	-500	-600	-1,100	-800	-700	-800	-800	-500	-500	-500	-600	-600	-500	-700	-800	-500	-200	-300	-400	-300	-200	-1,000	-	-	-	-	-500
Total Revenue	3,659,841	3,411,980	4,184,695	3,299,225	4,006,375	3,270,804	3,903,406	3,024,132	3,319,284	3,017,926	3,601,559	2,792,336	2,878,265	2,606,572	3,176,327	1,959,188	2,191,785	1,984,144	2,353,782	1,822,220	2,133,271	1,881,625	2,213,249	1,682,901	1,952,838	1,721,704	2,017,762	1,564,078	1,916,542	1,542,706	1,852,534	1,467,797	1,646,610	1,475,645	1,772,900	1,331,352	1,584,254	1,359,950	1,583,831	1,583,831	1,415,089	1,208,090	1,455,767	1,085,838	1,286,166	1,065,638	1,291,899	1,291,899	1,240,028	977,776	1,178,363	1,178,363	1,032,649	829,114	1,065,656	710,917	862,532	747,730	946,504	650,171	799,496	733,918	898,327	576,208	723,252	629,199	790,929	559,832	629,898	559,222	714,944	465,547	597,934	479,607	613,235	377,203	455,986	426,384	525,919	330,554	388,530	361,204	449,391	273,760	327,917	296,215	392,048	193,810	220,357	199,435	267,490	162,517	203,736	175,478	232,341	147,482	188,100	160,200	214,100	125,600	158,400	140,600	196,100	105,600	134,800	118,400	159,500	96,400	116,100	105,000	146,700	81,200	100,500	88,300	123,600	71,500	84,400	74,900	108,300	62,400	69,800	69,800	69,800	69,800	96,400

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

Gross Profit (+$)
totalRevenue	14,555,741
Cost of Revenue	-9,327,522
Gross Profit	5,228,219	5,228,219

Operating Income (+$)
Gross Profit	5,228,219
Operating Expense	-3,749,307
Operating Income	1,478,912	1,478,912

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,410,299
Selling And Marketing Expenses	0
Operating Expense	3,749,307	3,410,299

Net Interest Income (+$)
Interest Income	0
Interest Expense	-46,510
Other Finance Cost	-1,707
Net Interest Income	-44,803

Pretax Income (+$)
Operating Income	1,478,912
Net Interest Income	-44,803
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,432,402	1,525,422 EBIT - interestExpense = 1,432,402 1,432,402 1,153,736
Interest Expense	46,510
Earnings Before Interest and Taxes (EBIT)	1,478,912	1,478,912
Earnings Before Interest and Taxes (EBITDA)	1,871,961

After tax Income (+$)
Income Before Tax	1,432,402
Tax Provision	-328,891
Net Income From Continuing Ops	1,130,193	1,103,511
Net Income	1,107,226
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	13,076,829
Total Other Income/Expenses Net	-46,510	44,803

Technical Analysis of Tractor Supply Company
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 Tractor Supply Company. The general trend of Tractor Supply Company 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 Tractor Supply Company'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 Tractor Supply Company.

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

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

The bullish price targets are: 246.14 < 268.02.

The bearish price targets are: 241.08 > 240.70 > 233.82.

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Tractor Supply Company 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 Tractor Supply Company. 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.

Tractor Supply Company 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 Tractor Supply Company. The current macd is -1.21030606.

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 Tractor Supply Company price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Tractor Supply Company. 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 Tractor Supply Company 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

Tractor Supply Company 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 Tractor Supply Company. The current adx is 24.53.

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

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

Tractor Supply Company 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 Tractor Supply Company. The current sar is 250.93.

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

Tractor Supply Company 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 Tractor Supply Company. The current rsi is 45.18. 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.

Tractor Supply Company 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 Tractor Supply Company. 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 Tractor Supply Company price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Tractor Supply Company 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 Tractor Supply Company. The current cci is -94.48750379.

Tractor Supply Company 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 Tractor Supply Company. The current cmo is -14.80701125.

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

Tractor Supply Company 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 Tractor Supply Company. The current willr is -73.64167041.

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

Tractor Supply Company 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 Tractor Supply Company.

Tractor Supply Company 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 Tractor Supply Company. The current atr is 5.30402493.

Tractor Supply Company 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 Tractor Supply Company. The current obv is 8,250,874.

Tractor Supply Company 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 Tractor Supply Company. The current mfi is 27.72.

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

Tractor Supply Company Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Tractor Supply Company.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Tractor Supply Company Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Tractor Supply Company based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.183
Ma 20	Greater than	Ma 50	254.134
Ma 50	Greater than	Ma 100	248.611
Ma 100	Greater than	Ma 200	233.050
Open	Greater than	Close	245.870
Total			3/5 (60.0%)

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Quick analysis of Tractor Supply Company (30 sec.)

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

How much money do you get?

What is your share worth?

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For what price can you sell your share?

1. Valuation of Tractor Supply Company (5 min.)

$247.39

$19.76

$3.64 - $48.38

$23.39 - $68.13

2. Growth of Tractor Supply Company (5 min.)

Is Tractor Supply Company growing?

How much money is Tractor Supply Company making?

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

3. Financial Health of Tractor Supply Company (5 min.)

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

Industry Rankings (Specialty Retail)

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

What can you expect buying and holding a share of Tractor Supply Company?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Tractor Supply Company

About Tractor Supply Company

Financial Health

Valuation

1.1. Profitability of Tractor Supply Company.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Specialty Retail)

1.1.2. Return on Assets

Trends

Compared to industry (Specialty Retail)

1.1.3. Return on Equity

Trends

Compared to industry (Specialty Retail)

1.2. Operating Efficiency of Tractor Supply Company.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Specialty Retail)

1.2.2. Operating Ratio

Trends

Compared to industry (Specialty Retail)

1.3. Liquidity of Tractor Supply Company.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Specialty Retail)

1.3.2. Quick Ratio

Trends

Compared to industry (Specialty Retail)

1.4. Solvency of Tractor Supply Company.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Specialty Retail)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Specialty Retail)

2. Market Valuation of Tractor Supply Company

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Specialty Retail)

Tractor Supply Company
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