Tower Semiconductor Ltd
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Let's analyse Tower Semiconductor Ltd together

Penke I guess you are interested in Tower Semiconductor Ltd. 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 Tower Semiconductor Ltd. 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 Tower Semiconductor Ltd (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

15.0%

What is your share worth?

Current worth

$21.80

Expected worth in 1 year

$25.81

How sure are you?

77.5%

+ What do you gain per year?

Total Gains per Share

$4.00

Return On Investment

12.8%

For what price can you sell your share?

Current Price per Share

$31.15

Expected price per share

$30.74 - $34.74

How sure are you?

50%

1. Valuation of Tower Semiconductor Ltd (5 min.)

Live pricePrice per Share (EOD)

$31.15

Book Value per Share

$21.80

Intrinsic Value Per Share

$5.09 - $25.33

Total Value Per Share

$26.89 - $47.13

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.24) 3Y: ($0.37) TTM: ($0.59)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.02) TTM: ($-0.27)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.89	$1.62	$0.90 - $1.77
2	$1.67	$3.49	$0.84 - $2.07
3	$2.36	$5.58	$0.78 - $2.37
4	$2.95	$7.88	$0.72 - $2.67
5	$3.47	$10.37	$0.65 - $2.97
6	$3.92	$13.05	$0.59 - $3.27
7	$4.29	$15.89	$0.53 - $3.57
8	$4.61	$18.89	$0.47 - $3.88
9	$4.88	$22.04	$0.41 - $4.18
10	$5.09	$25.33	$0.35 - $4.48

2. Growth of Tower Semiconductor Ltd (5 min.)

Is Tower Semiconductor Ltd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.4b	$1.7b	$432.5m	19.7%

How much money is Tower Semiconductor Ltd making?

	Current year	Previous year	Grow	Grow %
Making money	$129.6m	$65.5m	$64m	49.4%
Net Profit Margin	36.3%	15.8%	-	-

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

Quarterly Yearly

3. Financial Health of Tower Semiconductor Ltd (5 min.)

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

Industry Rankings (Semiconductors)

Richest
#39 / 269

Most Revenue
#62 / 269

Most Profit
#36 / 269

Most Efficient
#12 / 269

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

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

What can you expect buying and holding a share of Tower Semiconductor Ltd?

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

Speculation

The Price per Share of Tower Semiconductor Ltd is $31.15. 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 Tower Semiconductor Ltd.
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 Tower Semiconductor Ltd, 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 $21.80. Based on the TTM, the Book Value Change Per Share is $1.00 per quarter. Based on the YOY, the Book Value Change Per Share is $0.81 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Tower Semiconductor Ltd.

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	0.48	1.6%	2.43	7.8%	0.60	1.9%	0.75	2.4%	0.52	1.7%
Usd Book Value Change Per Share	0.69	2.2%	1.00	3.2%	0.81	2.6%	0.53	1.7%	0.51	1.6%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	0.69	2.2%	1.00	3.2%	0.81	2.6%	0.53	1.7%	0.52	1.7%
Usd Price Per Share	30.52	-	33.77	-	45.43	-	29.93	-	23.89	-
Price to Earnings Ratio	15.77	-	6.07	-	19.74	-	20.23	-	49.82	-
Price-to-Total Gains Ratio	44.21	-	-942.92	-	55.77	-	-185.38	-	-607.43	-
Price to Book Ratio	1.40	-	1.76	-	2.89	-	2.02	-	3.13	-
Price-to-Total Gains Ratio	44.21	-	-942.92	-	55.77	-	-185.38	-	-607.43	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	31.15
Number of shares	32

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	1.00	0.53
Usd Total Gains Per Share	1.00	0.53
Gains per Quarter (32 shares)	32.01	17.07
Gains per Year (32 shares)	128.04	68.28

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	0	128	118	0	68	58
2	0	256	246	0	137	126
3	0	384	374	0	205	194
4	0	512	502	0	273	262
5	0	640	630	0	341	330
6	0	768	758	0	410	398
7	0	896	886	0	478	466
8	0	1024	1014	0	546	534
9	0	1152	1142	0	614	602
10	0	1280	1270	0	683	670

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	38.0	2.0	0.0	95.0%	46.0	55.0	0.0	45.5%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	1.0	2.0	75.0%	15.0	1.0	4.0	75.0%	29.0	3.0	8.0	72.5%	50.0	34.0	17.0	49.5%
Dividend per Share	0.0	0.0	4.0	0.0%	0.0	0.0	12.0	0.0%	0.0	0.0	20.0	0.0%	6.0	0.0	34.0	15.0%	8.0	0.0	93.0	7.9%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	1.0	2.0	75.0%	15.0	1.0	4.0	75.0%	31.0	3.0	6.0	77.5%	54.0	33.0	14.0	53.5%

Fundamentals of Tower Semiconductor Ltd

About Tower Semiconductor Ltd

https://towersemi.com
Semiconductors
0
Ramat Gavriel Industrial Park, Migdal Haemek, Israel, 2310502
Google Maps Bing Maps

Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The Company also provides design enablement platform for quick and accurate design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.

Fundamental data was last updated by Penke on 2024-04-12 20:34:06.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Tower Semiconductor Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Tower Semiconductor Ltd earns for each $1 of revenue.

Above 10% is considered healthy but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
A Net Profit Margin of 15.3% means that $0.15 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Tower Semiconductor Ltd:

The MRQ is 15.3%. The company is making a huge profit. +2
The TTM is 36.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	15.3%	TTM	36.3%	-21.0%
TTM	36.3%	YOY	15.8%	+20.5%
TTM	36.3%	5Y	15.4%	+20.9%
5Y	15.4%	10Y	12.5%	+2.9%

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	15.3%	6.1%	+9.2%
TTM	36.3%	5.2%	+31.1%
YOY	15.8%	10.8%	+5.0%
5Y	15.4%	8.6%	+6.8%
10Y	12.5%	7.8%	+4.7%

Measures how much net profit Tower Semiconductor Ltd earns for each $1 of revenue.

Revenue is the amount of profit Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors industry mean.
Can be used to compare companies within the Semiconductors industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Tower Semiconductor Ltd. If profit margins remain low (compared to the Semiconductors 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 Tower Semiconductor Ltd is 0.15. This means that Tower Semiconductor Ltd earned $0.15 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 Semiconductors industry is 6.1%.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd with other companies in the same industry (Semiconductors).
Net profit margin should rise over the years.
Can be influenced when Tower Semiconductor Ltd sells assets (profit will increase while costs remain the same).
It won’t show what part of Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

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 Tower Semiconductor Ltd = 53,847
Total revenue MRQ Tower Semiconductor Ltd = 351,711
$53,847 / $351,711 = 0.15 or 15.3%

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 Tower Semiconductor Ltd is using its assets to generate profit.

Above 5% is considered healthy but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
1.8% Return on Assets means that Tower Semiconductor Ltd generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Tower Semiconductor Ltd:

The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
The TTM is 4.7%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.8%	TTM	4.7%	-2.8%
TTM	4.7%	YOY	2.7%	+1.9%
TTM	4.7%	5Y	2.3%	+2.4%
5Y	2.3%	10Y	2.3%	+0.1%

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	1.8%	1.0%	+0.8%
TTM	4.7%	1.0%	+3.7%
YOY	2.7%	2.2%	+0.5%
5Y	2.3%	1.9%	+0.4%
10Y	2.3%	1.8%	+0.5%

Shows how efficient Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Tower Semiconductor Ltd is using its resources to generate profit. If the return on assets (1.8%) from Tower Semiconductor Ltd are higher than the Semiconductors mean (1.0%) that means Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is 1.8%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Semiconductors industry is 1.0%.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

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

Income statement
Balance sheet

Net income MRQ (income statement) from Tower Semiconductor Ltd = 53,847
Total assets MRQ (balance sheet) from Tower Semiconductor Ltd = 2,918,517
53,847 / 2,918,517 = 0.02 or 1.8%

ROA is an important ratio as it will tell you how effectively Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
2.2% Return on Equity means Tower Semiconductor Ltd generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Tower Semiconductor Ltd:

The MRQ is 2.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 5.7%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.2%	TTM	5.7%	-3.5%
TTM	5.7%	YOY	3.7%	+2.0%
TTM	5.7%	5Y	3.1%	+2.7%
5Y	3.1%	10Y	3.0%	+0.1%

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	2.2%	1.4%	+0.8%
TTM	5.7%	1.7%	+4.0%
YOY	3.7%	3.9%	-0.2%
5Y	3.1%	3.3%	-0.2%
10Y	3.0%	3.1%	-0.1%

Shows how efficient Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Semiconductors 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 Tower Semiconductor Ltd is 2.2%. This means Tower Semiconductor Ltd generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Semiconductors industry is 1.4%.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd up to 10 years back (depending if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Tower Semiconductor Ltd = 53,847
Shareholders equity (balance sheet) MRQ Tower Semiconductor Ltd = 2,432,499
53,847 / 2,432,499 = 0.02 or 2.2%

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 Tower Semiconductor Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Tower Semiconductor Ltd is operating .

Measures how much profit Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors industry mean.
An Operating Margin of 12.8% means the company generated $0.13 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Tower Semiconductor Ltd:

The MRQ is 12.8%. The company is operating less efficient.
The TTM is -10.0%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	12.8%	TTM	-10.0%	+22.9%
TTM	-10.0%	YOY	13.0%	-23.0%
TTM	-10.0%	5Y	1.3%	-11.3%
5Y	1.3%	10Y	5.5%	-4.3%

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	12.8%	7.3%	+5.5%
TTM	-10.0%	2.4%	-12.4%
YOY	13.0%	10.2%	+2.8%
5Y	1.3%	8.8%	-7.5%
10Y	5.5%	7.6%	-2.1%

Measures how efficient Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is 12.8%. This means that Tower Semiconductor Ltd earned $0.13 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Semiconductors industry is 7.3%.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Tower Semiconductor Ltd = 45,167
Total revenue MRQ Tower Semiconductor Ltd = 351,711
$45,167 / $351,711 = 0.13 or 12.8%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Tower Semiconductor Ltd is keeping operating costs low.

Below 1 is considered healthy (always compare to Semiconductors industry mean).
An Operation Ratio of 0.87 means that the operating costs are $0.87 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Tower Semiconductor Ltd:

The MRQ is 0.872. The company is less efficient in keeping operating costs low.
The TTM is 0.859. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.872	TTM	0.859	+0.013
TTM	0.859	YOY	0.823	+0.035
TTM	0.859	5Y	0.884	-0.026
5Y	0.884	10Y	0.895	-0.011

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	0.872	1.544	-0.672
TTM	0.859	1.557	-0.698
YOY	0.823	1.434	-0.611
5Y	0.884	1.505	-0.621
10Y	0.895	1.331	-0.436

Measures how efficient Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Tower Semiconductor Ltd is 87.2%. This means that Tower Semiconductor Ltd earned $0.87 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 Semiconductors industry is 1.54.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

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
(267,294 +39,250) \ 351,711 = 0.87

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 Tower Semiconductor Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Tower Semiconductor Ltd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Semiconductors industry mean).
A Current Ratio of 6.17 means the company has $6.17 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Tower Semiconductor Ltd:

The MRQ is 6.174. The company is very able to pay all its short-term debts. +2
The TTM is 5.447. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	6.174	TTM	5.447	+0.727
TTM	5.447	YOY	4.027	+1.420
TTM	5.447	5Y	4.407	+1.040
5Y	4.407	10Y	3.458	+0.949

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	6.174	2.723	+3.451
TTM	5.447	2.801	+2.646
YOY	4.027	2.691	+1.336
5Y	4.407	2.718	+1.689
10Y	3.458	2.518	+0.940

Measures if Tower Semiconductor Ltd 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 Semiconductors 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is 6.17. This means Tower Semiconductor Ltd has $6.17 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Semiconductors industry is 2.72.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,709,158 \ 276,838) = 6.17

The current ratio measures if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
A Quick Ratio of 8.63 means the company can pay off $8.63 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Tower Semiconductor Ltd:

The MRQ is 8.633. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 5.563. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	8.633	TTM	5.563	+3.070
TTM	5.563	YOY	4.848	+0.715
TTM	5.563	5Y	5.060	+0.503
5Y	5.060	10Y	3.615	+1.445

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	8.633	0.988	+7.645
TTM	5.563	0.959	+4.604
YOY	4.848	1.015	+3.833
5Y	5.060	1.130	+3.930
10Y	3.615	1.152	+2.463

Measures if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Tower Semiconductor Ltd can pay off its short term debts. This shows if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is 8.63. This means that Tower Semiconductor Ltd can pay off $8.63 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Semiconductors industry is 0.99.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

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 Tower Semiconductor Ltd: (1,235,197 + 974,533 +180,176) / 276,838 = 8.63

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 Tower Semiconductor Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Tower Semiconductor Ltd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Tower Semiconductor Ltd to Semiconductors industry mean.
A Debt to Asset Ratio of 0.17 means that Tower Semiconductor Ltd assets are financed with 16.8% credit (debt) and the remaining percentage (100% - 16.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Tower Semiconductor Ltd:

The MRQ is 0.168. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.195. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.168	TTM	0.195	-0.027
TTM	0.195	YOY	0.262	-0.067
TTM	0.195	5Y	0.270	-0.075
5Y	0.270	10Y	0.417	-0.147

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	0.168	0.322	-0.154
TTM	0.195	0.316	-0.121
YOY	0.262	0.346	-0.084
5Y	0.270	0.349	-0.079
10Y	0.417	0.344	+0.073

Measures how much % of Tower Semiconductor Ltd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Tower Semiconductor Ltd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Tower Semiconductor Ltd to Semiconductors 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 Tower Semiconductor Ltd is 0.17. This means means that Tower Semiconductor Ltd is financed with 16.8% 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 Semiconductors industry is 272.3%.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Tower Semiconductor Ltd

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

Balance sheet
Debt to asset ratio = total debt \ total assets
491,478 \ 2,918,517 = 16.8% or 0.17.

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 Tower Semiconductor Ltd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
A Debt to Equity ratio of 20.2% means that company has $0.20 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Tower Semiconductor Ltd:

The MRQ is 0.202. The company is very able to pay all its debts with equity. +2
The TTM is 0.243. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.202	TTM	0.243	-0.041
TTM	0.243	YOY	0.353	-0.110
TTM	0.243	5Y	0.373	-0.130
5Y	0.373	10Y	1.046	-0.673

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
MRQ	0.202	0.480	-0.278
TTM	0.243	0.493	-0.250
YOY	0.353	0.534	-0.181
5Y	0.373	0.574	-0.201
10Y	1.046	0.598	+0.448

Measures if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd is 0.20. This means that Tower Semiconductor Ltd can pay off $0.20 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Semiconductors industry is 0.48.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
491,478 \ 2,432,499 = 0.20 or 20.2%

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 Tower Semiconductor Ltd

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 Tower Semiconductor Ltd generates.

Above 15 is considered overpriced but always compare Tower Semiconductor Ltd to the Semiconductors industry mean.
A PE ratio of 15.77 means the investor is paying $15.77 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Tower Semiconductor Ltd:

The EOD is 16.098. Based on the earnings, the company is fair priced.
The MRQ is 15.772. Based on the earnings, the company is fair priced.
The TTM is 6.067. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	16.098	MRQ	15.772	+0.326
MRQ	15.772	TTM	6.067	+9.705
TTM	6.067	YOY	19.737	-13.671
TTM	6.067	5Y	20.226	-14.160
5Y	20.226	10Y	49.823	-29.596

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
EOD	16.098	16.409	-0.311
MRQ	15.772	17.327	-1.555
TTM	6.067	18.124	-12.057
YOY	19.737	15.025	+4.712
5Y	20.226	20.967	-0.741
10Y	49.823	20.967	+28.856

Measures how much money you pay for each share for every $1 in earnings Tower Semiconductor Ltd 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 Tower Semiconductor Ltd to the Semiconductors 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 Tower Semiconductor Ltd is 15.77. This means the investor is paying $15.77 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Semiconductors industry is 17.33.
What is the trend?
The trend is important because it shows you how Tower Semiconductor Ltd is performing over time. The most recent quarter might be important if Tower Semiconductor Ltd 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 Tower Semiconductor Ltd 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 Tower Semiconductor Ltd

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 \ 111,308 = EPS
PE ratio MRQ = 15.77

* 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 Tower Semiconductor Ltd:

The EOD is -37.134. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -36.383. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -3.556. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-37.134	MRQ	-36.383	-0.751
MRQ	-36.383	TTM	-3.556	-32.827
TTM	-3.556	YOY	49.263	-52.819
TTM	-3.556	5Y	44.630	-48.186
5Y	44.630	10Y	24.569	+20.062

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
EOD	-37.134	8.600	-45.734
MRQ	-36.383	8.363	-44.746
TTM	-3.556	6.528	-10.084
YOY	49.263	8.335	+40.928
5Y	44.630	5.450	+39.180
10Y	24.569	5.594	+18.975

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Semiconductors industry mean).
A PB ratio of 1.40 means the investor is paying $1.40 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Tower Semiconductor Ltd:

The EOD is 1.429. Based on the equity, the company is underpriced. +1
The MRQ is 1.400. Based on the equity, the company is underpriced. +1
The TTM is 1.756. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.429	MRQ	1.400	+0.029
MRQ	1.400	TTM	1.756	-0.357
TTM	1.756	YOY	2.893	-1.136
TTM	1.756	5Y	2.021	-0.264
5Y	2.021	10Y	3.133	-1.112

Compared to industry (Semiconductors)

Period	Company	Industry (mean)	+/-
EOD	1.429	2.514	-1.085
MRQ	1.400	2.719	-1.319
TTM	1.756	2.671	-0.915
YOY	2.893	2.755	+0.138
5Y	2.021	3.131	-1.110
10Y	3.133	3.172	-0.039

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Tower Semiconductor Ltd.

3.1. Institutions holding Tower Semiconductor Ltd

Institutions are holding 64.515% of the shares of Tower Semiconductor Ltd.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Davis Capital Management	0	0	0	-100	-100
Total		0	0	0	-100	-100

3.2. Funds holding Tower Semiconductor Ltd

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Victory Sycamore Small Company Opp R	2.0844	1.0043	2310000	1013000	78.1033
2023-12-31	Victory Small Cap Value CIT (Net 75)	2.0844	1.0024	2310000	1013000	78.1033
2024-02-29	Vanguard Total Intl Stock Index Inv	1.3604	0.0119	1507674	-2445	-0.1619
2024-03-31	Jennison SMid Cap Core Equity	1.1179	1.2855	1238942	256083	26.0549
2024-02-29	PGIM Jennison Small Company A	0.8931	1.0453	989807	0	0
2024-02-29	Vanguard Developed Markets Index Admiral	0.815	0.016	903186	6133	0.6837
2024-02-29	Vanguard Instl Ttl Intl Stk Mkt Idx TrII	0.655	0.0121	725933	0	0
2024-03-28	iShares Core MSCI EAFE ETF	0.596	0.0189	660561	0	0
2023-12-31	Janus Henderson Small Cap Value L	0.5122	0.6928	567670	567670	0
2024-01-31	American Beacon Small Cp Val R5	0.4713	0.3159	522290	522290	0
2024-02-29	Voya Small Cap Growth I	0.3933	1.6686	435918	185837	74.3107
2024-02-29	William Blair Small Cap Value I	0.3706	1.0085	410682	410682	0
2023-12-31	Fort Washington Small Company Equity	0.3694	1.0237	409360	59830	17.1173
2023-12-31	Small Company Equity - FTWA	0.3694	1.6481	409360	409360	0
2023-12-31	SAM All-Weather	0.3632	3.3691	402521	-28067	-6.5183
2024-03-28	iShares MSCI EAFE Small-Cap ETF	0.3616	0.1341	400712	0	0
2023-06-30	GAMCO Intl SICAV Merger Arbtrg I (USD)	0.3185	2.2912	352999	-69541	-16.4579
2023-12-31	Touchstone Small Company A	0.3019	1.023	334570	46370	16.0895
2024-03-31	State St Gbl Sm Cp Eq ex-US Indx NL Cl A	0.2378	0.087	263491	3845	1.4809
2023-12-31	Empower Small Cap Value/Victory SP	0.2262	1	250700	127300	103.1605
Total		13.9016	18.6584	15406376	+4521347	+29.3%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Tower Semiconductor Ltd 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	-	-	0.690	1.000	-31%	0.813	-15%	0.533	+29%	0.513	+34%
Book Value Per Share	-	-	21.805	19.698	+11%	15.840	+38%	14.745	+48%	10.097	+116%
Current Ratio	-	-	6.174	5.447	+13%	4.027	+53%	4.407	+40%	3.458	+79%
Debt To Asset Ratio	-	-	0.168	0.195	-14%	0.262	-36%	0.270	-38%	0.417	-60%
Debt To Equity Ratio	-	-	0.202	0.243	-17%	0.353	-43%	0.373	-46%	1.046	-81%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	0.004	-100%
Eps	-	-	0.484	2.428	-80%	0.596	-19%	0.750	-36%	0.524	-8%
Free Cash Flow Per Share	-	-	-0.210	0.593	-135%	0.460	-146%	0.254	-182%	0.240	-187%
Free Cash Flow To Equity Per Share	-	-	-0.287	0.586	-149%	0.334	-186%	0.177	-262%	0.210	-236%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	25.326	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	5.089	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.625	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.888	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	5.577	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.357	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	10.369	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	3.472	-	-	-	-	-	-	-	-
Market Cap	3457774600.000	+2%	3397120160.000	3754977182.500	-10%	5042911720.000	-33%	3323235626.500	+2%	2652245260.250	+28%
Net Profit Margin	-	-	0.153	0.363	-58%	0.158	-3%	0.154	0%	0.125	+23%
Operating Margin	-	-	0.128	-0.100	+178%	0.130	-1%	0.013	+925%	0.055	+132%
Operating Ratio	-	-	0.872	0.859	+2%	0.823	+6%	0.884	-1%	0.895	-3%
Pb Ratio	1.429	+2%	1.400	1.756	-20%	2.893	-52%	2.021	-31%	3.133	-55%
Pe Ratio	16.098	+2%	15.772	6.067	+160%	19.737	-20%	20.226	-22%	49.823	-68%
Price Per Share	31.150	+2%	30.520	33.768	-10%	45.430	-33%	29.926	+2%	23.887	+28%
Price To Free Cash Flow Ratio	-37.134	-2%	-36.383	-3.556	-90%	49.263	-174%	44.630	-182%	24.569	-248%
Price To Total Gains Ratio	45.127	+2%	44.214	-942.924	+2233%	55.768	-21%	-185.376	+519%	-607.433	+1474%
Quick Ratio	-	-	8.633	5.563	+55%	4.848	+78%	5.060	+71%	3.615	+139%
Return On Assets	-	-	0.018	0.047	-61%	0.027	-33%	0.023	-21%	0.023	-18%
Return On Equity	-	-	0.022	0.057	-61%	0.037	-40%	0.031	-28%	0.030	-25%
Total Gains Per Share	-	-	0.690	1.000	-31%	0.813	-15%	0.533	+29%	0.517	+34%
Usd Book Value	-	-	2427039000.000	2190802000.000	+11%	1758279250.000	+38%	1637576400.000	+48%	1121211600.000	+116%
Usd Book Value Change Per Share	-	-	0.690	1.000	-31%	0.813	-15%	0.533	+29%	0.513	+34%
Usd Book Value Per Share	-	-	21.805	19.698	+11%	15.840	+38%	14.745	+48%	10.097	+116%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	0.004	-100%
Usd Eps	-	-	0.484	2.428	-80%	0.596	-19%	0.750	-36%	0.524	-8%
Usd Free Cash Flow	-	-	-23342816.000	65970046.000	-135%	51063250.000	-146%	28249959.200	-183%	26619929.600	-188%
Usd Free Cash Flow Per Share	-	-	-0.210	0.593	-135%	0.460	-146%	0.254	-182%	0.240	-187%
Usd Free Cash Flow To Equity Per Share	-	-	-0.287	0.586	-149%	0.334	-186%	0.177	-262%	0.210	-236%
Usd Market Cap	3457774600.000	+2%	3397120160.000	3754977182.500	-10%	5042911720.000	-33%	3323235626.500	+2%	2652245260.250	+28%
Usd Price Per Share	31.150	+2%	30.520	33.768	-10%	45.430	-33%	29.926	+2%	23.887	+28%
Usd Profit	-	-	53847000.000	129623500.000	-58%	65568750.000	-18%	56069200.000	-4%	45463375.000	+18%
Usd Revenue	-	-	351711000.000	355670000.000	-1%	417147500.000	-16%	356307100.000	-1%	322461025.000	+9%
Usd Total Gains Per Share	-	-	0.690	1.000	-31%	0.813	-15%	0.533	+29%	0.517	+34%
	EOD	+5 -3	MRQ	TTM	+12 -21	YOY	+11 -22	5Y	+20 -13	10Y	+23 -12

4.2. Fundamental Score

Let's check the fundamental score of Tower Semiconductor Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	16.098
Price to Book Ratio (EOD)	Between	0-1	1.429
Net Profit Margin (MRQ)	Greater than	0	0.153
Operating Margin (MRQ)	Greater than	0	0.128
Quick Ratio (MRQ)	Greater than	1	8.633
Current Ratio (MRQ)	Greater than	1	6.174
Debt to Asset Ratio (MRQ)	Less than	1	0.168
Debt to Equity Ratio (MRQ)	Less than	1	0.202
Return on Equity (MRQ)	Greater than	0.15	0.022
Return on Assets (MRQ)	Greater than	0.05	0.018
Total			6/10 (60.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of Tower Semiconductor Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.845
Ma 20	Greater than	Ma 50	32.753
Ma 50	Greater than	Ma 100	32.389
Ma 100	Greater than	Ma 200	30.829
Open	Greater than	Close	31.700
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	2,918,517
Total Liabilities	491,478
Total Stockholder Equity	2,432,499

	As reported
Total Liabilities	491,478
Total Stockholder Equity	+ 2,432,499
Total Assets	= 2,918,517

Assets

Total Assets	2,918,517
Total Current Assets	1,709,158
Long-term Assets	1,209,359

Total Current Assets

Total Current Assets (as reported)	1,709,158
Cash And Cash Equivalents	260,664
Short-term Investments	974,533
Net Receivables	180,176
Inventory	282,688
Other Current Assets	11,097
Total Current Assets (calculated)	1,709,158
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,209,359
Property Plant Equipment	1,165,691
Goodwill	7,000
Long-term Assets Other	28,078
Long-term Assets (calculated)	1,200,769
+/-	8,590

Liabilities & Shareholders' Equity

Total Current Liabilities	276,838
Long-term Liabilities	214,640
Total Stockholder Equity	2,432,499

Total Current Liabilities

Total Current Liabilities (as reported)	276,838
Short-term Debt	58,952
Accounts payable	139,128
Other Current Liabilities	60,340
Total Current Liabilities (calculated)	258,420
+/-	18,418

Long-term Liabilities

Long-term Liabilities (as reported)	214,640
Long-term Liabilities (calculated)	0
+/-	214,640

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,432,499
Common Stock	443,631
Retained Earnings	467,615
Accumulated Other Comprehensive Income	149,408
Other Stockholders Equity	1,371,845
Total Stockholder Equity (calculated)	2,432,499
+/-	0

Other

Cash and Short Term Investments	1,235,197
Common Stock Shares Outstanding	111,308
Current Deferred Revenue	18,418
Liabilities and Stockholders Equity	2,918,517
Net Debt	-29,101
Net Working Capital	1,432,320
Short Long Term Debt Total	231,563

Balance Sheet

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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2015-12-31

2015-09-30

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2014-09-30

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2013-09-30

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2012-09-30

2012-06-30

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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

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1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

> Total Assets

0
0
0
94,900
0
0
0
240,000
251,600
249,500
243,800
216,600
222,200
219,600
225,500
217,600
213,900
204,500
189,300
180,000
170,100
161,300
156,000
155,211
154,292
171,908
172,359
179,298
326,905
372,605
478,111
472,054
532,274
587,540
629,766
716,261
716,261
761,642
750,612
788,335
829,896
830,681
856,869
847,508
847,508
727,976
688,727
678,686
636,039
678,686
713,211
699,718
699,718
656,323
666,594
686,782
686,782
665,005
733,468
705,503
705,503
638,352
637,600
650,837
650,837
648,232
684,797
801,728
801,728
971,658
989,265
857,221
857,221
907,864
893,422
814,640
814,640
762,306
749,159
705,900
705,887
996,246
918,788
884,146
884,146
853,333
906,889
966,224
966,224
1,293,017
1,379,637
1,379,884
1,379,884
1,498,508
1,552,258
1,673,639
1,673,639
1,762,623
1,740,657
1,789,977
1,789,977
1,871,498
1,904,422
1,932,833
1,932,833
2,005,876
1,984,685
2,094,149
2,094,149
2,132,392
2,155,036
2,231,241
2,231,241
2,324,423
2,384,410
2,577,086
2,577,086
2,534,076
2,835,794
2,918,517

2,918,517

2,835,794

2,534,076

2,577,086

2,384,410

2,324,423

2,231,241

2,155,036

2,132,392

2,094,149

1,984,685

2,005,876

1,932,833

1,904,422

1,871,498

1,789,977

1,740,657

1,762,623

1,673,639

1,552,258

1,498,508

1,379,884

1,379,637

1,293,017

966,224

906,889

853,333

884,146

918,788

996,246

705,887

705,900

749,159

762,306

814,640

893,422

907,864

857,221

989,265

971,658

801,728

684,797

648,232

650,837

637,600

638,352

705,503

733,468

665,005

686,782

666,594

656,323

699,718

713,211

678,686

636,039

678,686

688,727

727,976

847,508

856,869

830,681

829,896

788,335

750,612

761,642

716,261

629,766

587,540

532,274

472,054

478,111

372,605

326,905

179,298

172,359

171,908

154,292

155,211

156,000

161,300

170,100

180,000

189,300

204,500

213,900

217,600

225,500

219,600

222,200

216,600

243,800

249,500

251,600

240,000

94,900

> Total Current Assets

0
0
0
61,800
0
0
0
168,500
167,600
150,700
136,800
110,400
118,200
117,100
123,900
115,700
114,100
105,200
91,200
85,300
79,400
75,600
75,100
75,453
77,218
77,875
70,406
58,742
167,334
163,418
124,620
67,420
89,465
86,334
91,824
110,081
110,081
61,186
50,982
100,305
146,944
128,398
134,413
139,595
139,595
78,495
70,753
90,241
90,549
90,241
140,445
120,437
120,437
108,124
134,561
123,647
123,647
96,996
146,946
129,471
129,471
109,835
133,500
167,473
167,473
192,919
207,079
322,075
322,075
367,146
384,890
266,090
266,090
348,382
341,960
298,505
298,505
302,213
311,014
290,400
290,414
429,233
394,313
394,084
394,084
372,111
413,424
446,727
446,727
609,600
667,753
697,998
697,998
807,735
844,949
874,332
874,332
960,539
951,708
987,959
987,959
1,020,052
1,056,122
1,088,481
1,088,481
1,090,630
1,058,102
1,102,916
1,102,916
1,123,060
1,127,189
1,196,203
1,196,203
1,318,805
1,377,332
1,484,291
1,484,291
1,440,103
1,717,439
1,709,158

1,709,158

1,717,439

1,440,103

1,484,291

1,377,332

1,318,805

1,196,203

1,127,189

1,123,060

1,102,916

1,058,102

1,090,630

1,088,481

1,056,122

1,020,052

987,959

951,708

960,539

874,332

844,949

807,735

697,998

667,753

609,600

446,727

413,424

372,111

394,084

394,313

429,233

290,414

290,400

311,014

302,213

298,505

341,960

348,382

266,090

384,890

367,146

322,075

207,079

192,919

167,473

133,500

109,835

129,471

146,946

96,996

123,647

134,561

108,124

120,437

140,445

90,241

90,549

90,241

70,753

78,495

139,595

134,413

128,398

146,944

100,305

50,982

61,186

110,081

91,824

86,334

89,465

67,420

124,620

163,418

167,334

58,742

70,406

77,875

77,218

75,453

75,100

75,600

79,400

85,300

91,200

105,200

114,100

115,700

123,900

117,100

118,200

110,400

136,800

150,700

167,600

168,500

61,800

Cash And Cash Equivalents

0
0
0
5,600
0
0
0
24,000
15,800
24,400
16,700
11,500
3,700
6,000
9,900
4,800
3,500
3,800
2,000
7,300
11,500
8,900
5,000
10,505
15,986
13,651
14,269
10,262
21,634
11,765
20,981
19,610
17,017
8,885
7,046
7,857
7,857
12,277
4,218
12,448
11,346
19,115
21,877
27,664
27,664
23,459
11,719
7,337
17,570
7,337
61,746
39,710
39,710
20,723
42,600
44,536
44,536
19,833
38,209
34,905
34,905
38,097
51,700
81,795
81,795
84,730
87,599
198,382
198,382
138,916
178,194
101,149
101,149
139,089
160,973
123,398
123,398
106,559
141,447
122,900
112,871
192,220
195,116
187,167
187,167
142,503
155,348
175,575
175,575
311,062
362,833
355,284
355,284
483,603
480,407
445,961
445,961
486,880
464,446
385,091
385,091
405,158
417,636
355,561
355,561
258,793
207,704
211,683
211,683
215,755
211,503
210,930
210,930
211,177
390,369
304,934
304,934
318,195
314,816
260,664

260,664

314,816

318,195

304,934

390,369

211,177

210,930

211,503

215,755

211,683

207,704

258,793

355,561

417,636

405,158

385,091

464,446

486,880

445,961

480,407

483,603

355,284

362,833

311,062

175,575

155,348

142,503

187,167

195,116

192,220

112,871

122,900

141,447

106,559

123,398

160,973

139,089

101,149

178,194

138,916

198,382

87,599

84,730

81,795

51,700

38,097

34,905

38,209

19,833

44,536

42,600

20,723

39,710

61,746

7,337

17,570

7,337

11,719

23,459

27,664

21,877

19,115

11,346

12,448

4,218

12,277

7,857

7,046

8,885

17,017

19,610

20,981

11,765

21,634

10,262

14,269

13,651

15,986

10,505

5,000

8,900

11,500

7,300

2,000

3,800

3,500

4,800

9,900

6,000

3,700

11,500

16,700

24,400

15,800

24,000

5,600

Short-term Investments

0
0
0
0
0
0
0
0
100,700
83,900
79,900
60,700
75,500
78,200
81,100
79,300
81,700
75,700
64,000
25,200
25,200
25,200
15,200
5,060
5,123
28,500
19,400
8,400
105,300
115,600
57,100
10,000
10,000
7,000
46,243
10,500
9,000
7,021
4,159
44,042
81,265
42,279
36,576
53,793
53,793
16,953
17,972
31,661
15,126
31,661
0
1,230
1,230
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,007
0
17,100
0
0
0
31,572
0
10,000
10,000
10,000
0
10,000
10,000
0
0
0
0
0
0
30,000
30,000
0
187,258
34,093
34,093
0
49,738
113,874
113,874
140,140
143,041
255,929
255,929
293,925
305,494
391,679
391,679
465,149
496,975
499,197
499,197
513,202
506,487
553,716
553,716
644,785
510,762
641,031
641,031
595,400
179,381
974,533

974,533

179,381

595,400

641,031

510,762

644,785

553,716

506,487

513,202

499,197

496,975

465,149

391,679

305,494

293,925

255,929

143,041

140,140

113,874

49,738

34,093

187,258

30,000

10,000

31,572

17,100

98,007

1,230

31,661

15,126

31,661

17,972

16,953

53,793

36,576

42,279

81,265

44,042

4,159

7,021

9,000

10,500

46,243

7,000

10,000

57,100

115,600

105,300

8,400

19,400

28,500

5,123

5,060

15,200

25,200

64,000

75,700

81,700

79,300

81,100

78,200

75,500

60,700

79,900

83,900

100,700

Net Receivables

0
0
0
13,000
0
0
0
32,000
33,600
25,000
23,900
22,400
22,800
15,200
17,500
18,000
15,800
12,700
13,100
9,000
6,000
7,800
8,600
13,340
13,409
18,895
20,763
22,628
26,098
22,314
33,575
24,571
20,896
31,754
26,420
28,778
28,778
26,158
23,866
22,704
30,407
39,180
44,346
30,651
30,651
19,715
17,731
25,819
27,819
25,819
38,443
36,923
36,923
48,245
55,490
49,725
49,725
38,714
57,615
48,180
48,180
37,703
45,500
43,124
43,124
61,730
72,900
72,759
72,759
128,896
111,791
80,350
80,350
98,711
88,315
84,733
84,733
99,223
83,388
91,300
91,259
115,019
93,372
104,925
104,925
118,957
129,949
117,441
117,441
140,832
137,914
155,668
155,668
150,731
150,039
149,666
149,666
161,017
163,747
161,991
161,991
123,789
123,519
140,720
140,720
128,401
118,111
185,920
185,920
144,868
144,878
160,259
160,259
170,552
165,086
144,195
144,195
163,293
150,162
180,176

180,176

150,162

163,293

144,195

165,086

170,552

160,259

144,878

144,868

185,920

118,111

128,401

140,720

123,519

123,789

161,991

163,747

161,017

149,666

150,039

150,731

155,668

137,914

140,832

117,441

129,949

118,957

104,925

93,372

115,019

91,259

91,300

83,388

99,223

84,733

88,315

98,711

80,350

111,791

128,896

72,759

72,900

61,730

43,124

45,500

37,703

48,180

57,615

38,714

49,725

55,490

48,245

36,923

38,443

25,819

27,819

25,819

17,731

19,715

30,651

44,346

39,180

30,407

22,704

23,866

26,158

28,778

26,420

31,754

20,896

24,571

33,575

22,314

26,098

22,628

20,763

18,895

13,409

13,340

8,600

7,800

6,000

9,000

13,100

12,700

15,800

18,000

17,500

15,200

22,800

22,400

23,900

25,000

33,600

32,000

13,000

Other Current Assets

0
0
0
33,700
0
0
0
99,300
1,700
2,100
1,700
62,200
1,800
1,900
1,700
80,500
2,000
2,600
2,600
34,000
27,600
24,800
34,400
33,037
29,214
30,813
20,992
10,228
107,323
118,361
59,065
14,811
43,026
36,165
2,030
63,245
63,245
2,455
1,681
45,771
2,342
2,112
1,243
1,818
1,818
1,310
2,429
1,048
1,350
1,048
1,737
1,473
1,473
1,465
1,040
1,580
1,580
1,017
5,700
7,657
7,657
7,405
7,600
10,304
10,304
8,561
8,945
8,422
8,422
11,126
18,055
15,567
15,567
46,288
18,625
14,804
14,804
15,236
15,815
11,480
11,480
38,305
20,650
14,119
14,119
18,796
23,731
18,030
18,030
21,581
23,916
1,653
1,653
34,391
21,465
21,516
21,516
19,089
20,967
14,170
14,170
22,374
21,571
22,019
22,019
28,158
30,379
30,810
30,810
39,929
43,653
54,817
54,817
43,253
41,710
35,416
35,416
32,396
33,453
11,097

11,097

33,453

32,396

35,416

41,710

43,253

54,817

43,653

39,929

30,810

30,379

28,158

22,019

21,571

22,374

14,170

20,967

19,089

21,516

21,465

34,391

1,653

23,916

21,581

18,030

23,731

18,796

14,119

20,650

38,305

11,480

15,815

15,236

14,804

18,625

46,288

15,567

18,055

11,126

8,422

8,945

8,561

10,304

7,600

7,405

7,657

5,700

1,017

1,580

1,040

1,465

1,473

1,737

1,048

1,350

1,048

2,429

1,310

1,818

1,243

2,112

2,342

45,771

1,681

2,455

63,245

2,030

36,165

43,026

14,811

59,065

118,361

107,323

10,228

20,992

30,813

29,214

33,037

34,400

24,800

27,600

34,000

2,600

2,000

80,500

1,700

1,900

1,800

62,200

1,700

2,100

1,700

99,300

33,700

> Long-term Assets

0
0
0
33,100
0
0
0
71,500
84,000
98,800
107,000
106,200
104,000
102,500
101,600
101,900
99,800
99,300
98,100
94,700
90,700
85,700
80,900
79,758
77,074
94,033
101,953
120,556
159,571
209,187
353,491
404,634
442,809
501,206
537,942
606,180
606,180
700,456
699,630
688,030
682,952
702,283
722,456
707,913
707,913
649,481
617,974
588,445
545,490
588,445
572,766
579,281
579,281
548,199
532,033
563,135
563,135
568,009
586,522
576,032
576,032
528,517
504,100
483,364
483,364
455,313
477,718
479,653
479,653
604,512
604,375
591,131
591,131
559,482
551,462
516,135
516,135
460,093
438,145
0
415,473
567,013
524,475
490,062
490,062
481,222
493,465
519,497
519,497
683,417
711,884
681,886
681,886
690,773
707,309
799,307
799,307
802,084
788,949
802,018
802,018
851,446
848,300
844,352
844,352
915,246
926,583
991,233
991,233
1,009,332
1,027,847
1,035,038
1,035,038
1,005,618
1,007,078
1,092,795
1,092,795
1,093,973
1,118,355
1,209,359

1,209,359

1,118,355

1,093,973

1,092,795

1,007,078

1,005,618

1,035,038

1,027,847

1,009,332

991,233

926,583

915,246

844,352

848,300

851,446

802,018

788,949

802,084

799,307

707,309

690,773

681,886

711,884

683,417

519,497

493,465

481,222

490,062

524,475

567,013

415,473

438,145

460,093

516,135

551,462

559,482

591,131

604,375

604,512

479,653

477,718

455,313

483,364

504,100

528,517

576,032

586,522

568,009

563,135

532,033

548,199

579,281

572,766

588,445

545,490

588,445

617,974

649,481

707,913

722,456

702,283

682,952

688,030

699,630

700,456

606,180

537,942

501,206

442,809

404,634

353,491

209,187

159,571

120,556

101,953

94,033

77,074

79,758

80,900

85,700

90,700

94,700

98,100

99,300

99,800

101,900

101,600

102,500

104,000

106,200

107,000

98,800

84,000

71,500

33,100

Property Plant Equipment

0
0
0
33,100
0
0
0
71,200
83,700
98,500
106,700
106,000
103,700
100,500
99,500
99,200
97,300
96,900
91,900
88,400
83,100
78,400
73,500
72,683
70,182
73,664
78,540
92,505
115,566
157,387
297,165
340,724
370,775
406,881
435,485
493,074
493,074
574,196
576,425
568,412
566,821
589,271
613,561
609,296
609,296
562,962
534,661
510,645
484,289
510,645
522,018
532,954
532,954
507,414
494,361
502,287
502,287
510,640
450,832
449,697
449,697
410,096
388,200
371,400
371,400
350,141
375,418
375,325
375,325
503,853
506,135
498,683
498,683
472,592
466,523
434,468
434,468
383,792
369,628
350,039
350,039
485,177
447,597
419,111
419,111
415,092
430,477
459,533
459,533
625,163
643,046
616,686
616,686
628,279
633,107
635,124
635,124
648,413
639,042
657,234
657,234
707,122
703,569
699,767
699,767
765,895
780,596
858,161
858,161
859,589
879,323
890,796
890,796
878,991
902,440
1,009,632
1,009,632
1,018,636
1,062,456
1,165,691

1,165,691

1,062,456

1,018,636

1,009,632

902,440

878,991

890,796

879,323

859,589

858,161

780,596

765,895

699,767

703,569

707,122

657,234

639,042

648,413

635,124

633,107

628,279

616,686

643,046

625,163

459,533

430,477

415,092

419,111

447,597

485,177

350,039

369,628

383,792

434,468

466,523

472,592

498,683

506,135

503,853

375,325

375,418

350,141

371,400

388,200

410,096

449,697

450,832

510,640

502,287

494,361

507,414

532,954

522,018

510,645

484,289

510,645

534,661

562,962

609,296

613,561

589,271

566,821

568,412

576,425

574,196

493,074

435,485

406,881

370,775

340,724

297,165

157,387

115,566

92,505

78,540

73,664

70,182

72,683

73,500

78,400

83,100

88,400

91,900

96,900

97,300

99,200

99,500

100,500

103,700

106,000

106,700

98,500

83,700

71,200

33,100

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
8,807
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
0
0
7,000
7,000
0
0
7,000
7,000
0
0
7,000
7,000
0
0
7,000

7,000

8,807

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
1,972
0
0
0
1,682
0
0
0
1,722
0
12,000
24,616
15,715
26,661
27,291
27,091
30,761
28,798
28,978
31,179
29,052
36,117
36,874
36,662
28,225
39,562
41,219
41,303
40,699
40,765
41,453
39,157
39,597
27,235
26,544
0
6,721
0
8,829
0
0

8,829

6,721

26,544

27,235

39,597

39,157

41,453

40,765

40,699

41,303

41,219

39,562

28,225

36,662

36,874

36,117

29,052

31,179

28,978

28,798

30,761

27,091

27,291

26,661

15,715

24,616

12,000

1,722

1,682

1,972

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
15,691
0
0
0
43,664
0
0
0
78,572
0
0
0
87,954
0
0
0
76,950
0
0
0
61,400
0
0
49,291
44,981
44,981
39,482
36,386
34,711
34,711
29,081
86,181
81,034
81,034
74,344
71,000
67,601
67,601
60,783
57,375
54,247
54,247
60,092
58,074
58,737
58,737
52,620
51,293
51,956
51,956
39,716
36,066
32,400
36,292
49,603
45,599
45,816
45,816
39,283
36,718
38,126
38,126
34,807
32,687
31,666
31,666
23,848
21,627
19,841
19,841
16,671
15,006
16,731
16,731
11,279
10,800
13,456
13,456
16,298
0
14,017
14,017
0
0
14,754
14,754
16,217
15,774
9,843
13,540
13,049
12,557
0

12,557

13,049

13,540

9,843

15,774

16,217

14,754

14,017

16,298

13,456

10,800

11,279

16,731

15,006

16,671

19,841

21,627

23,848

31,666

32,687

34,807

38,126

36,718

39,283

45,816

45,599

49,603

36,292

32,400

36,066

39,716

51,956

51,293

52,620

58,737

58,074

60,092

54,247

57,375

60,783

67,601

71,000

74,344

81,034

86,181

29,081

34,711

36,386

39,482

44,981

49,291

61,400

76,950

87,954

78,572

43,664

15,691

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,892
20,369
23,413
28,051
44,005
51,800
56,326
63,910
72,034
94,325
102,457
113,106
123,774
126,260
123,205
119,618
116,131
113,012
108,895
98,617
97,549
86,519
83,313
77,800
61,201
55,879
50,748
46,327
43,910
40,785
37,672
60,848
57,491
57,369
135,690
126,335
121,457
118,421
115,844
111,964
108,827
105,172
102,300
104,328
106,382
100,659
98,240
92,448
90,277
86,890
84,939
81,667
77,086
76,301
68,517
65,434
58,909
81,836
76,878
70,951
66,401
66,130
62,988
59,964
60,105
58,254
68,838
65,200
64,228
62,494
74,202
164,183
110,771
101,022
96,722
95,297
89,357
89,171
90,269
86,454
93,032
91,834
88,878
74,222
92,980
91,312
91,786
93,395
89,677
83,866
88,864
76,145
0
0
43,342
0

43,342

76,145

88,864

83,866

89,677

93,395

91,786

91,312

92,980

74,222

88,878

91,834

93,032

86,454

90,269

89,171

89,357

95,297

96,722

101,022

110,771

164,183

74,202

62,494

64,228

65,200

68,838

58,254

60,105

59,964

62,988

66,130

66,401

70,951

76,878

81,836

58,909

65,434

68,517

76,301

77,086

81,667

84,939

86,890

90,277

92,448

98,240

100,659

106,382

104,328

102,300

105,172

108,827

111,964

115,844

118,421

121,457

126,335

135,690

57,369

57,491

60,848

37,672

40,785

43,910

46,327

50,748

55,879

61,201

77,800

83,313

86,519

97,549

98,617

108,895

113,012

116,131

119,618

123,205

126,260

123,774

113,106

102,457

94,325

72,034

63,910

56,326

51,800

44,005

28,051

23,413

20,369

6,892

> Total Liabilities

0
0
0
33,200
0
0
0
69,600
76,200
71,000
84,400
56,000
57,200
49,700
63,000
50,700
48,300
43,900
39,400
40,000
33,300
31,800
31,100
33,090
32,034
39,127
38,281
44,650
120,128
152,248
216,366
219,249
289,478
325,967
382,657
417,927
417,927
480,938
504,495
558,878
563,179
600,414
665,788
679,528
679,528
661,612
674,419
708,753
680,845
708,753
563,909
566,728
566,728
564,251
597,357
642,073
642,073
668,845
598,078
595,226
595,226
564,783
563,900
594,823
594,823
579,056
583,230
683,946
683,946
791,742
798,943
682,518
682,518
756,138
645,879
594,615
594,615
578,104
577,564
564,600
564,639
804,781
739,167
688,585
688,585
553,044
582,282
580,638
580,638
734,248
743,602
697,270
697,270
684,493
678,471
643,933
643,933
661,948
587,371
553,772
553,772
576,641
581,686
586,110
586,110
613,732
571,128
639,247
639,247
614,783
595,580
615,852
615,852
635,873
631,484
600,834
600,834
522,971
486,982
491,478

491,478

486,982

522,971

600,834

631,484

635,873

615,852

595,580

614,783

639,247

571,128

613,732

586,110

581,686

576,641

553,772

587,371

661,948

643,933

678,471

684,493

697,270

743,602

734,248

580,638

582,282

553,044

688,585

739,167

804,781

564,639

564,600

577,564

578,104

594,615

645,879

756,138

682,518

798,943

791,742

683,946

583,230

579,056

594,823

563,900

564,783

595,226

598,078

668,845

642,073

597,357

564,251

566,728

563,909

708,753

680,845

708,753

674,419

661,612

679,528

665,788

600,414

563,179

558,878

504,495

480,938

417,927

382,657

325,967

289,478

219,249

216,366

152,248

120,128

44,650

38,281

39,127

32,034

33,090

31,100

31,800

33,300

40,000

39,400

43,900

48,300

50,700

63,000

49,700

57,200

56,000

84,400

71,000

76,200

69,600

33,200

> Total Current Liabilities

0
0
0
20,600
0
0
0
44,600
46,800
45,200
56,900
30,700
32,900
26,500
40,600
24,800
23,100
20,200
18,100
19,200
18,100
17,600
17,000
19,452
18,201
25,216
23,912
30,107
51,866
62,602
119,335
83,755
70,865
67,699
67,378
88,154
88,154
93,132
79,154
49,813
53,249
59,935
70,284
76,004
76,004
74,438
75,383
96,269
66,675
96,269
81,563
83,856
83,856
83,440
66,861
76,936
76,936
90,453
129,047
106,628
106,628
75,307
79,900
97,360
97,360
120,596
152,086
250,022
250,022
317,516
307,481
230,260
230,260
209,805
212,907
169,319
169,319
145,016
150,954
139,900
139,916
308,307
251,334
300,325
300,325
231,490
252,658
211,119
211,119
243,191
254,517
247,115
247,115
254,363
245,762
302,373
302,373
312,541
242,291
203,721
203,721
211,799
234,744
253,056
253,056
310,832
258,829
272,912
272,912
302,507
300,065
276,328
276,328
346,175
364,572
354,135
354,135
301,840
258,170
276,838

276,838

258,170

301,840

354,135

364,572

346,175

276,328

300,065

302,507

272,912

258,829

310,832

253,056

234,744

211,799

203,721

242,291

312,541

302,373

245,762

254,363

247,115

254,517

243,191

211,119

252,658

231,490

300,325

251,334

308,307

139,916

139,900

150,954

145,016

169,319

212,907

209,805

230,260

307,481

317,516

250,022

152,086

120,596

97,360

79,900

75,307

106,628

129,047

90,453

76,936

66,861

83,440

83,856

81,563

96,269

66,675

96,269

75,383

74,438

76,004

70,284

59,935

53,249

49,813

79,154

93,132

88,154

67,378

67,699

70,865

83,755

119,335

62,602

51,866

30,107

23,912

25,216

18,201

19,452

17,000

17,600

18,100

19,200

18,100

20,200

23,100

24,800

40,600

26,500

32,900

30,700

56,900

45,200

46,800

44,600

20,600

Short-term Debt

0
0
0
2,100
0
0
0
1,800
0
0
0
200
0
0
0
300
0
0
0
0
0
100
0
95
0
0
0
0
14,000
14,000
14,000
14,000
14,000
4,000
4,000
4,000
4,000
4,000
4,000
0
0
0
0
1,208
1,208
6,331
6,397
27,556
5,734
27,556
6,522
6,632
6,632
6,611
7,340
7,887
7,887
9,237
23,291
15,330
15,330
7,000
4,400
7,000
7,000
12,000
12,000
122,179
122,179
128,656
121,298
48,255
48,255
41,619
56,970
49,923
49,923
35,207
45,460
36,441
36,441
97,128
64,708
120,558
120,558
40,558
49,224
33,259
33,259
38,174
41,646
48,084
48,084
55,295
45,664
105,958
105,958
100,242
45,697
10,814
10,814
45,173
64,774
65,932
65,932
79,668
86,717
106,513
106,513
104,062
105,414
83,868
83,868
79,535
61,186
42,224
42,224
41,300
47,671
58,952

58,952

47,671

41,300

42,224

61,186

79,535

83,868

105,414

104,062

106,513

86,717

79,668

65,932

64,774

45,173

10,814

45,697

100,242

105,958

45,664

55,295

48,084

41,646

38,174

33,259

49,224

40,558

120,558

64,708

97,128

36,441

45,460

35,207

49,923

56,970

41,619

48,255

121,298

128,656

122,179

12,000

7,000

4,400

7,000

15,330

23,291

9,237

7,887

7,340

6,611

6,632

6,522

27,556

5,734

27,556

6,397

6,331

1,208

4,000

14,000

100

300

200

1,800

2,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
353,963
0
0
0
119,999
0
0
0
26,681
0
359,000
372,172
31,869
346,483
352,904
341,149
49,629
343,776
95,000
0
0
43,148
45,173
64,774
65,932
62,885
79,668
86,717
106,513
101,295
104,062
105,414
83,868
78,165
79,535
61,186
62,275
42,224
41,300
47,671
0

47,671

41,300

42,224

62,275

61,186

79,535

78,165

83,868

105,414

104,062

101,295

106,513

86,717

79,668

62,885

65,932

64,774

45,173

43,148

95,000

343,776

49,629

341,149

352,904

346,483

31,869

372,172

359,000

26,681

119,999

353,963

Accounts payable

0
0
0
15,200
0
0
0
26,000
26,900
26,300
22,900
16,300
17,300
11,300
11,900
13,100
12,600
10,900
10,200
11,700
9,200
9,500
9,900
12,338
11,546
18,785
16,733
23,837
28,241
38,388
99,163
64,484
51,499
56,127
54,559
76,083
76,083
79,810
65,772
40,249
45,051
51,082
61,202
65,326
65,326
59,640
59,783
59,741
52,028
59,741
59,687
55,128
55,128
55,922
39,480
49,025
49,025
50,235
61,076
49,462
49,462
32,018
39,200
42,012
42,012
40,977
50,933
48,656
48,656
106,076
103,953
111,620
111,620
96,743
90,187
81,372
81,372
74,678
63,383
66,358
66,358
100,456
99,932
98,632
98,632
106,677
111,917
91,773
91,773
98,829
105,745
99,262
99,262
95,328
109,385
115,347
115,347
126,135
114,375
104,329
104,329
92,747
104,366
119,199
119,199
154,517
104,354
96,940
96,940
100,426
92,989
78,712
78,712
127,762
143,992
191,006
191,006
154,507
106,362
139,128

139,128

106,362

154,507

191,006

143,992

127,762

78,712

92,989

100,426

96,940

104,354

154,517

119,199

104,366

92,747

104,329

114,375

126,135

115,347

109,385

95,328

99,262

105,745

98,829

91,773

111,917

106,677

98,632

99,932

100,456

66,358

63,383

74,678

81,372

90,187

96,743

111,620

103,953

106,076

48,656

50,933

40,977

42,012

39,200

32,018

49,462

61,076

50,235

49,025

39,480

55,922

55,128

59,687

59,741

52,028

59,741

59,783

59,640

65,326

61,202

51,082

45,051

40,249

65,772

79,810

76,083

54,559

56,127

51,499

64,484

99,163

38,388

28,241

23,837

16,733

18,785

11,546

12,338

9,900

9,500

9,200

11,700

10,200

10,900

12,600

13,100

11,900

11,300

17,300

16,300

22,900

26,300

26,900

26,000

15,200

Other Current Liabilities

0
0
0
3,300
0
0
0
16,800
19,900
18,900
34,000
14,200
15,600
15,200
28,700
11,400
10,500
9,300
7,900
7,500
8,900
8,000
7,100
7,019
6,655
6,431
7,179
6,270
9,625
10,214
6,172
5,271
5,366
7,572
8,819
8,071
8,071
9,322
9,382
9,564
8,198
8,853
9,082
2,059
2,059
8,467
9,203
3,488
8,913
3,488
15,354
22,096
22,096
20,907
20,041
13,886
13,886
22,799
38,251
35,202
35,202
30,793
36,300
23,652
23,652
36,285
41,826
38,914
38,914
61,212
67,524
64,654
64,654
66,608
62,427
36,240
36,240
31,870
39,893
37,117
33,951
106,971
82,596
75,657
75,657
72,715
76,765
62,714
62,714
87,386
81,248
73,600
73,600
78,051
64,259
66,730
66,730
75,867
72,160
67,867
67,867
65,904
59,065
57,603
57,603
68,192
58,098
59,432
59,432
78,411
69,796
73,756
73,756
100,246
121,487
90,637
90,637
83,631
80,392
60,340

60,340

80,392

83,631

90,637

121,487

100,246

73,756

69,796

78,411

59,432

58,098

68,192

57,603

59,065

65,904

67,867

72,160

75,867

66,730

64,259

78,051

73,600

81,248

87,386

62,714

76,765

72,715

75,657

82,596

106,971

33,951

37,117

39,893

31,870

36,240

62,427

66,608

64,654

67,524

61,212

38,914

41,826

36,285

23,652

36,300

30,793

35,202

38,251

22,799

13,886

20,041

20,907

22,096

15,354

3,488

8,913

3,488

9,203

8,467

2,059

9,082

8,853

8,198

9,564

9,382

9,322

8,071

8,819

7,572

5,366

5,271

6,172

10,214

9,625

6,270

7,179

6,431

6,655

7,019

7,100

8,000

8,900

7,500

7,900

9,300

10,500

11,400

28,700

15,200

15,600

14,200

34,000

18,900

19,900

16,800

3,300

> Long-term Liabilities

0
0
0
12,600
0
0
0
25,000
29,400
25,800
27,500
25,300
24,300
23,200
22,400
25,900
25,200
23,700
21,300
20,800
15,200
14,200
14,100
13,638
13,833
13,911
14,369
14,543
68,262
89,646
97,031
135,494
218,613
258,268
315,279
329,773
329,773
387,806
425,341
509,065
509,930
540,479
595,504
603,524
603,524
587,174
599,036
612,484
614,170
612,484
482,346
482,872
482,872
480,811
530,496
565,137
565,137
578,392
469,031
488,598
488,598
489,476
484,000
497,463
497,463
458,460
431,144
433,924
433,924
474,226
491,462
452,258
452,258
546,333
432,972
425,296
425,296
433,088
426,610
0
424,723
496,474
487,833
388,260
388,260
321,554
329,624
369,519
369,519
491,057
489,085
450,155
450,155
430,130
432,709
341,560
341,560
349,407
345,080
350,051
350,051
364,842
346,942
333,054
333,054
302,900
312,299
366,335
366,335
312,276
295,515
339,524
339,524
289,698
266,912
246,699
246,699
221,131
228,812
214,640

214,640

228,812

221,131

246,699

266,912

289,698

339,524

295,515

312,276

366,335

312,299

302,900

333,054

346,942

364,842

350,051

345,080

349,407

341,560

432,709

430,130

450,155

489,085

491,057

369,519

329,624

321,554

388,260

487,833

496,474

424,723

426,610

433,088

425,296

432,972

546,333

452,258

491,462

474,226

433,924

431,144

458,460

497,463

484,000

489,476

488,598

469,031

578,392

565,137

530,496

480,811

482,872

482,346

612,484

614,170

612,484

599,036

587,174

603,524

595,504

540,479

509,930

509,065

425,341

387,806

329,773

315,279

258,268

218,613

135,494

97,031

89,646

68,262

14,543

14,369

13,911

13,833

13,638

14,100

14,200

15,200

20,800

21,300

23,700

25,200

25,900

22,400

23,200

24,300

25,300

27,500

25,800

29,400

25,000

12,600

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
256,669
265,397
275,914
254,683
245,821
220,216
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

220,216

245,821

254,683

275,914

265,397

256,669

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
1,769
1,847
2,305
2,479
52,262
74,646
21,031
20,494
21,401
39,820
37,910
52,652
52,995
53,257
52,789
52,282
53,997
53,971
72,861
79,873
82,600
71,182
69,484
70,633
64,775
62,632
65,551
63,750
65,403
61,511
51,469
49,290
74,852
72,008
49,181
45,348
57,203
59,787
67,432
57,455
75,472
66,939
75,715
64,568
68,459
138,649
134,139
130,220
130,893
118,317
116,461
109,538
103,340
103,586
105,536
94,227
61,874
56,903
58,964
45,895
32,211
32,646
46,626
42,900
44,947
63,028
50,716
58,778
140,531
46,441
137,224
48,913
113,176
100,722
97,323
93,382
90,999
88,928
92,259
87,233
81,426
83,136
83,033
82,570
84,429
77,776
83,244
108,552
98,168
88,972
64,770
61,610
0
0
48,911
0

48,911

61,610

64,770

88,972

98,168

108,552

83,244

77,776

84,429

82,570

83,033

83,136

81,426

87,233

92,259

88,928

90,999

93,382

97,323

100,722

113,176

48,913

137,224

46,441

140,531

58,778

50,716

63,028

44,947

42,900

46,626

32,646

32,211

45,895

58,964

56,903

61,874

94,227

105,536

103,586

103,340

109,538

116,461

118,317

130,893

130,220

134,139

138,649

68,459

64,568

75,715

66,939

75,472

57,455

67,432

59,787

57,203

45,348

49,181

72,008

74,852

49,290

51,469

61,511

65,403

63,750

65,551

62,632

64,775

70,633

69,484

71,182

82,600

79,873

72,861

53,971

53,997

52,282

52,789

53,257

52,995

52,652

37,910

39,820

21,401

20,494

21,031

74,646

52,262

2,479

2,305

1,847

1,769

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,719
0
0
0
3,995
0
0
0
69,744
0
0
0
95,233
0
0
0
63,924
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

63,924

95,233

69,744

3,995

5,719

> Total Stockholder Equity

0
0
0
61,700
0
0
0
170,400
175,400
178,500
159,400
160,600
165,000
170,000
162,500
166,900
165,500
160,600
149,900
140,000
136,800
129,500
124,900
122,121
122,258
132,781
134,078
134,648
206,777
220,357
261,745
252,805
242,796
261,573
247,109
298,334
298,334
280,704
246,117
229,457
266,717
230,267
191,081
167,980
167,980
66,364
14,308
-30,067
-44,806
-30,067
149,302
132,990
132,990
92,072
69,237
44,709
44,709
-3,840
135,390
110,277
110,277
73,569
73,700
56,014
56,014
69,176
101,567
117,782
117,782
179,916
190,322
174,703
174,703
151,726
247,543
220,025
220,025
184,202
171,595
141,248
141,248
191,047
181,711
204,979
204,979
314,039
324,607
397,343
397,343
563,591
636,035
690,032
690,032
820,405
880,177
1,036,060
1,036,060
1,106,453
1,159,064
1,242,966
1,242,966
1,301,122
1,329,001
1,354,547
1,354,547
1,398,009
1,419,422
1,457,812
1,457,812
1,522,540
1,564,387
1,622,007
1,622,007
1,705,271
1,769,647
1,978,892
1,978,892
2,013,745
2,351,452
2,432,499

2,432,499

2,351,452

2,013,745

1,978,892

1,769,647

1,705,271

1,622,007

1,564,387

1,522,540

1,457,812

1,419,422

1,398,009

1,354,547

1,329,001

1,301,122

1,242,966

1,159,064

1,106,453

1,036,060

880,177

820,405

690,032

636,035

563,591

397,343

324,607

314,039

204,979

181,711

191,047

141,248

171,595

184,202

220,025

247,543

151,726

174,703

190,322

179,916

117,782

101,567

69,176

56,014

73,700

73,569

110,277

135,390

-3,840

44,709

69,237

92,072

132,990

149,302

-30,067

-44,806

-30,067

14,308

66,364

167,980

191,081

230,267

266,717

229,457

246,117

280,704

298,334

247,109

261,573

242,796

252,805

261,745

220,357

206,777

134,648

134,078

132,781

122,258

122,121

124,900

129,500

136,800

140,000

149,900

160,600

165,500

166,900

162,500

170,000

165,000

160,600

159,400

178,500

175,400

170,400

61,700

Common Stock

0
0
0
0
0
0
0
0
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,300
4,329
4,384
4,395
4,400
4,404
5,835
6,470
6,472
7,448
7,520
8,537
8,537
11,294
11,294
12,291
12,479
13,150
16,248
16,251
16,260
16,274
16,274
16,408
16,499
16,548
18,403
16,548
20,744
24,187
24,187
29,283
29,721
29,771
29,771
0
0
39,929
39,929
0
0
50,251
50,251
0
0
68,053
68,053
0
0
83,020
83,020
0
0
87,280
87,280
0
0
192,776
192,776
205,921
0
235,117
235,117
307,149
0
326,572
326,572
342,934
636,035
369,057
369,057
389,329
873,787
391,727
391,727
394,470
1,153,286
418,492
418,492
424,511
1,322,736
426,111
426,111
428,063
1,413,557
430,996
430,996
432,354
1,559,456
435,453
435,453
437,265
1,752,926
440,150
1,976,252
440,847
2,348,812
443,631

443,631

2,348,812

440,847

1,976,252

440,150

1,752,926

437,265

435,453

1,559,456

432,354

430,996

1,413,557

428,063

426,111

1,322,736

424,511

418,492

1,153,286

394,470

391,727

873,787

389,329

369,057

636,035

342,934

326,572

307,149

235,117

205,921

192,776

87,280

83,020

68,053

50,251

39,929

29,771

29,721

29,283

24,187

20,744

16,548

18,403

16,548

16,499

16,408

16,274

16,260

16,251

16,248

13,150

12,479

12,291

11,294

8,537

7,520

7,448

6,472

6,470

5,835

4,404

4,400

4,395

4,384

4,329

4,300

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
-2,200
-2,000
-1,800
-1,800
-1,600
-1,600
-1,600
-1,400
-1,400
-1,400
-1,400
-1,000
-1,000
-1,000
-1,000
-945
-1,730
9,033
9,366
9,497
9,600
-303
53,486
-195
-143
-99
-74
-53
-53
-26
-26
16,402
-26
-26
-26
-26
-26
-26
-26
-26
19,550
-26
199,795
199,977
199,977
204,101
205,714
189,632
189,632
-3,840
135,390
-2,367
-2,367
147,200
147,400
-1,498
-1,498
138,400
203,200
-829
-829
360,000
380,600
2,092
2,092
303,400
495,000
-3,475
-3,475
368,400
343,200
282,400
-16,126
-13,139
363,400
-25,726
-25,726
600,600
649,200
-26,810
-26,810
1,117,600
1,272,000
-27,827
-27,827
1,628,000
1,747,600
-22,759
-22,759
2,201,400
2,306,600
-23,388
-23,388
2,589,714
2,645,472
-18,244
-18,244
2,784,288
0
-16,509
-16,509
0
0
-27,883
-27,883
0
0
-47,537
-47,537
0
0
149,408

149,408

-47,537

-27,883

-16,509

2,784,288

-18,244

2,645,472

2,589,714

-23,388

2,306,600

2,201,400

-22,759

1,747,600

1,628,000

-27,827

1,272,000

1,117,600

-26,810

649,200

600,600

-25,726

363,400

-13,139

-16,126

282,400

343,200

368,400

-3,475

495,000

303,400

2,092

380,600

360,000

-829

203,200

138,400

-1,498

147,400

147,200

-2,367

135,390

-3,840

189,632

205,714

204,101

199,977

199,795

-26

19,550

-26

16,402

-26

-53

-74

-99

-143

-195

53,486

-303

9,600

9,497

9,366

9,033

-1,730

-945

-1,000

-1,400

-1,600

-1,800

-2,000

-2,200

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,401,154
0
0
0
1,395,376
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,395,376

1,401,154

Treasury Stock

-9,072

Other Stockholders Equity

0
0
0
53,000
0
0
0
141,300
139,100
139,000
138,800
138,800
138,600
138,600
138,900
138,700
138,700
138,800
133,000
131,300
130,700
130,300
130,400
-115,699
136,000
144,700
146,000
-136,885
223,600
246,100
192,200
-198,807
300,800
329,800
-147,478
391,736
391,736
404,262
406,573
418,809
507,890
507,969
508,186
508,404
508,404
509,214
512,417
513,165
522,051
513,165
537,752
555,508
555,508
577,191
585,737
621,946
621,946
3,800
0
975,790
975,790
-73,631
-73,700
1,016,705
1,016,705
-69,224
-101,633
1,102,369
1,102,369
-180,084
-190,278
1,159,932
1,159,932
-151,674
-247,457
1,276,830
1,276,830
-184,198
-171,605
0
1,212,868
1,223,460
-181,689
1,239,595
1,239,595
-286,561
-324,593
1,371,235
1,371,235
-554,009
-635,965
1,419,838
1,419,838
-807,595
-867,423
1,440,117
1,440,117
-1,094,947
-1,147,536
1,485,308
1,485,308
-1,288,592
-1,316,471
1,494,078
1,494,078
-1,386,279
1,419,422
1,508,785
1,508,785
1,522,540
1,564,387
1,529,885
1,529,885
1,471,344
16,721
1,553,425
2,640
1,501,185
0
1,371,845

1,371,845

1,501,185

2,640

1,553,425

16,721

1,471,344

1,529,885

1,564,387

1,522,540

1,508,785

1,419,422

-1,386,279

1,494,078

-1,316,471

-1,288,592

1,485,308

-1,147,536

-1,094,947

1,440,117

-867,423

-807,595

1,419,838

-635,965

-554,009

1,371,235

-324,593

-286,561

1,239,595

-181,689

1,223,460

1,212,868

-171,605

-184,198

1,276,830

-247,457

-151,674

1,159,932

-190,278

-180,084

1,102,369

-101,633

-69,224

1,016,705

-73,700

-73,631

975,790

3,800

621,946

585,737

577,191

555,508

537,752

513,165

522,051

513,165

512,417

509,214

508,404

508,186

507,969

507,890

418,809

406,573

404,262

391,736

-147,478

329,800

300,800

-198,807

192,200

246,100

223,600

-136,885

146,000

144,700

136,000

-115,699

130,400

130,300

130,700

131,300

133,000

138,800

138,700

138,900

138,600

138,800

139,000

139,100

141,300

53,000

Balance Sheet

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
Accounts Payable	139,128	150,930	78,712	96,940	119,199	104,329	115,347	99,262	91,773	98,632	66,358	81,372	111,620	48,656	42,012	49,462	49,025	59,741	59,741	65,326	40,249	76,083	64,484	23,837	12,338	11,700	13,100	16,300	26,000	15,200
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
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
Accumulated Other Comprehensive Income	149,408	-47,537	-27,883	-16,509	-18,244	-23,388	-22,759	-27,827	-26,810	-25,726	-16,126	-3,475	2,092	-829	-1,498	-2,367	189,632	-26	-26	-26	16,402	-53	-195	9,497	-945	-1,000	-1,400	-1,800	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
Capital Lease Obligations	0	0	0	0	0	47,195	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	0	440,150	435,453	430,996	426,111	418,492	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	0	0	1,395,376	1,401,154	1,368,624	1,359,989	1,322,098	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	260,664	340,759	210,930	211,683	355,561	385,091	445,961	355,284	175,575	187,167	112,871	123,398	101,149	100,375	81,795	34,905	44,536	7,337	7,337	27,664	12,448	7,857	19,610	10,262	10,505	7,300	4,800	11,500	24,000	5,600
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
Cash And Short Term Investments	1,235,197	1,005,812	764,646	710,880	747,240	641,020	559,835	389,377	205,575	187,167	122,871	133,398	101,149	100,375	81,795	34,905	44,536	38,998	38,998	81,457	12,448	7,857	19,610	10,262	15,565	32,500	4,800	11,500	24,000	5,600
Common Stock	443,631	440,150	435,453	430,996	426,111	418,492	391,727	369,057	326,572	235,117	192,776	87,280	83,020	68,053	50,251	39,929	29,771	16,548	16,548	16,274	13,150	11,294	7,448	4,404	4,329	4,300	4,300	4,300	0	0
Common Stock Shares Outstanding	111,216	110,754	109,798	108,480	107,438	102,517	105,947	101,303	74,366	63,182	39,633	22,173	20,649	15,892	11,512	9,100	8,027	5,381	5,381	5,205	3,215	2,129	1,352	924	888	887	940	889	783	511
Common Stock Total Equity	0	0	0	1,454,902	426,111	418,492	391,727	369,057	326,572	235,100	192,800	87,300	83,000	68,100	50,300	39,900	29,800	24,200	16,500	16,300	13,200	11,300	0	0	0	4,300	4,300	4,300	0	0
Current Deferred Revenue	18,418	38,911	39,992	10,027	10,322	20,711	14,338	26,169	23,373	5,478	3,166	1,784	5,731	40,273	24,696	6,634	6,138	5,484	5,484	7,411	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	63,924	95,233	69,744	3,995	5,719	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
Good Will	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	9,843	14,754	14,017	13,456	16,731	19,841	31,666	38,126	45,816	36,292	51,956	58,737	54,247	67,601	81,034	34,711	44,981	61,400	76,950	87,954	78,572	43,664	15,691	0	0	0	400	0	0
Inventory	282,688	302,108	234,512	199,126	192,256	170,778	143,315	137,532	105,681	87,873	64,804	65,570	69,024	42,512	32,250	38,729	27,806	24,376	24,376	25,669	19,382	10,201	8,428	15,624	13,511	9,800	12,400	14,300	13,200	9,500
Liabilities And Stockholders Equity	2,918,517	2,554,226	2,231,241	2,094,149	1,932,833	1,789,977	1,673,639	1,379,884	966,224	884,146	705,887	814,640	857,221	801,728	650,837	705,503	686,782	678,686	678,686	847,508	788,335	716,261	472,054	179,298	155,211	180,000	217,600	216,600	240,000	94,900
Long Term Debt	0	210,069	230,972	283,765	245,821	256,669	228,723	296,144	256,019	267,087	316,885	288,954	301,610	359,480	428,813	431,501	515,847	419,122	541,851	523,651	456,783	277,121	115,000	12,064	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	235,124	256,669	228,723	296,144	256,019	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	6,721	39,597	40,699	28,225	35,945	26,073	25,624	1,722	1,682	1,972	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
Net Debt	-29,101	-68,415	103,910	178,595	-43,808	-117,608	-111,280	-11,056	114,559	200,478	240,455	215,479	248,716	381,284	422,668	188,937	460,125	562,070	562,070	497,195	444,335	273,264	109,390	1,802	1,696	4,800	7,600	800	-10,100	8,600
Net Invested Capital	0	272,344	314,840	1,848,090	1,666,300	1,499,635	1,370,741	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	180,176	152,935	160,259	185,920	140,720	161,991	149,666	155,668	117,441	104,925	91,259	84,733	80,350	72,759	43,124	48,180	49,725	25,819	25,819	30,651	22,704	28,778	24,571	22,628	13,340	9,000	18,000	22,400	32,000	13,000
Net Tangible Assets	0	1,877,150	1,603,187	1,439,850	1,337,266	1,222,531	1,009,219	654,903	355,875	155,942	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,432,320	1,107,786	919,875	830,004	835,425	784,238	571,959	450,883	235,608	93,759	150,498	129,186	35,830	72,053	70,113	22,843	46,711	-6,028	-6,028	63,591	50,492	21,927	-16,335	28,635	56,001	66,100	90,900	79,700	123,900	41,200
Non Current Assets Total	1,209,359	1,052,434	1,035,038	991,233	844,352	802,018	799,307	681,886	519,497	490,062	415,473	516,135	591,131	479,653	483,364	576,032	563,135	588,445	588,445	707,913	688,030	606,180	404,634	120,556	79,758	94,700	101,900	106,200	71,500	33,100
Non Current Liabilities Other	0	0	0	0	514	952	2,343	2,728	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	214,640	271,679	339,524	366,335	333,054	350,051	341,560	450,155	369,519	388,260	424,723	425,296	452,258	433,924	497,463	488,598	565,137	612,484	612,484	603,524	509,065	329,773	135,494	14,543	13,638	20,800	25,900	25,300	25,000	12,600
Non Currrent Assets Other	28,078	-6,721	41,307	13,554	17,682	11,648	25,000	910	1,170	3,995	5,719	7,551	14,067	12,030	8,002	8,802	26,137	77,800	77,800	98,617	119,618	113,106	47,610	-1,349	-6,025	0	100	200	300	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	76,145	93,395	74,222	86,454	95,297	106,581	14,356	5,903	20,232	24,069	25,075	25,441	24,495	20,080	20,995	24,892	1,346	16,359	16,533	20,816	16,641	14,246	3,510	0	0	0	0	0	0
Other Current Assets	11,097	34,319	54,817	30,810	22,019	14,170	21,516	1,653	18,030	14,119	11,480	14,804	15,567	106,429	10,304	7,657	1,580	1,048	1,048	1,818	45,771	63,245	14,811	10,228	33,037	34,000	80,500	62,200	99,300	33,700
Other Current Liab	60,340	135,272	73,756	59,432	57,603	67,867	66,730	73,600	62,714	75,657	33,951	36,240	64,654	38,914	23,652	35,202	13,886	3,488	3,488	2,059	9,564	8,071	5,271	6,270	7,019	7,500	11,400	14,200	16,800	3,300
Other Liab	0	61,610	108,552	82,570	87,233	93,382	112,837	154,011	112,644	45,895	94,227	109,538	130,220	64,568	57,455	45,348	49,290	63,750	70,633	79,873	52,282	52,652	20,494	2,479	0	0	0	0	0	0
Other Stockholder Equity	1,371,845	1,553,425	1,529,885	1,508,785	1,494,078	1,485,308	1,440,117	1,419,838	1,371,235	1,239,595	1,212,868	1,276,830	1,159,932	1,102,369	1,016,705	975,790	621,946	513,165	513,165	508,404	418,809	391,736	-198,807	-136,885	-115,699	131,300	138,700	138,800	141,300	53,000
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
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
Property Plant And Equipment Gross	0	4,016,456	3,700,244	839,171	699,767	657,234	635,124	616,686	459,533	419,100	350,000	434,500	498,700	375,300	371,400	449,700	502,300	533,000	510,600	609,300	562,500	487,300	336,200	92,500	72,700	88,400	99,200	105,600	0	0
Property Plant And Equipment Net	1,165,691	962,258	890,796	858,161	699,767	657,234	635,124	616,686	459,533	419,111	350,039	434,468	498,683	375,325	371,400	449,697	502,287	510,645	510,645	609,296	568,412	493,074	340,724	92,505	72,683	88,400	99,200	106,000	71,200	33,100
Property Plant Equipment	0	962,258	890,796	858,161	699,767	657,234	635,124	616,686	459,533	419,111	350,039	434,468	498,683	375,325	371,400	449,697	502,287	532,954	510,645	609,296	568,412	493,074	340,724	92,505	0	0	0	0	0	0
Retained Earnings	467,615	-50,879	-315,448	-465,460	-547,398	-637,446	-773,025	-1,071,036	-1,273,654	-1,244,007	-1,248,270	-1,140,610	-1,070,341	-1,051,811	-1,009,444	-903,075	-796,640	-559,754	-559,754	-356,672	-218,904	-104,643	-53,241	-14,719	-10,730	9,700	25,300	19,300	29,100	8,700
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	62,275	83,868	106,513	65,932	10,814	105,958	48,084	26,681	119,999	353,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	231,563	272,344	314,840	390,278	311,753	267,483	334,681	344,228	290,134	387,645	353,326	338,877	349,865	481,659	504,463	223,842	504,661	569,407	569,407	524,859	456,783	281,121	129,000	12,064	12,201	12,100	12,400	12,300	13,900	14,200
Short Term Debt	58,952	62,275	83,868	106,513	65,932	10,814	105,958	48,084	33,259	120,558	36,441	49,923	48,255	122,179	7,000	15,330	7,887	27,556	27,556	1,208	0	4,000	14,000	0	95	0	300	200	1,800	2,100
Short Term Investments	974,533	665,053	553,716	499,197	391,679	255,929	113,874	34,093	30,000	0	10,000	10,000	0	98,007	2,282	0	0	31,661	31,661	53,793	44,042	10,500	10,000	8,400	5,060	25,200	79,300	60,700	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
Total Assets	2,918,517	2,547,608	2,231,241	2,094,149	1,932,833	1,789,977	1,673,639	1,379,884	966,224	884,146	705,887	814,640	857,221	801,728	650,837	705,503	686,782	678,686	678,686	847,508	788,335	716,261	472,054	179,298	155,211	180,000	217,600	216,600	240,000	94,900
Total Current Assets	1,709,158	1,495,174	1,196,203	1,102,916	1,088,481	987,959	874,332	697,998	446,727	394,084	290,414	298,505	266,090	322,075	167,473	129,471	123,647	90,241	90,241	139,595	100,305	110,081	67,420	58,742	75,453	85,300	115,700	110,400	168,500	61,800
Total Current Liabilities	276,838	387,388	276,328	272,912	253,056	203,721	302,373	247,115	211,119	300,325	139,916	169,319	230,260	250,022	97,360	106,628	76,936	96,269	96,269	76,004	49,813	88,154	83,755	30,107	19,452	19,200	24,800	30,700	44,600	20,600
Total Liab	491,478	659,067	615,852	639,247	586,110	553,772	643,933	697,270	580,638	688,585	564,639	594,615	682,518	683,946	594,823	595,226	642,073	708,753	708,753	679,528	558,878	417,927	219,249	44,650	33,090	40,000	50,700	56,000	69,600	33,200
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
Total Stockholder Equity	2,432,499	1,895,159	1,622,007	1,457,812	1,354,547	1,242,966	1,036,060	690,032	397,343	204,979	141,248	220,025	174,703	117,782	56,014	110,277	44,709	-30,067	-30,067	167,980	229,457	298,334	252,805	134,648	122,121	140,000	166,900	160,600	170,400	61,700
Treasury Stock	0	0	0	0	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	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

	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
Accounts Payable	139,128	106,362	154,507	191,006	191,006	143,992	127,762	78,712	78,712	92,989	100,426	96,940	96,940	104,354	154,517	119,199	119,199	104,366	92,747	104,329	104,329	114,375	126,135	115,347	115,347	109,385	95,328	99,262	99,262	105,745	98,829	91,773	91,773	111,917	106,677	98,632	98,632	99,932	100,456	66,358	66,358	63,383	74,678	81,372	81,372	90,187	96,743	111,620	111,620	103,953	106,076	48,656	48,656	50,933	40,977	42,012	42,012	39,200	32,018	49,462	49,462	61,076	50,235	49,025	49,025	39,480	55,922	55,128	55,128	59,687	59,741	52,028	59,741	59,783	59,640	65,326	65,326	61,202	51,082	45,051	40,249	65,772	79,810	76,083	76,083	54,559	56,127	51,499	64,484	99,163	38,388	28,241	23,837	16,733	18,785	11,546	12,338	9,900	9,500	9,200	11,700	10,200	10,900	12,600	13,100	11,900	11,300	17,300	16,300	22,900	26,300	26,900	26,000	-	-	-	15,200	-	-	-
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	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	149,408	0	0	-47,537	-47,537	0	0	-27,883	-27,883	0	0	-16,509	-16,509	0	2,784,288	-18,244	-18,244	2,645,472	2,589,714	-23,388	-23,388	2,306,600	2,201,400	-22,759	-22,759	1,747,600	1,628,000	-27,827	-27,827	1,272,000	1,117,600	-26,810	-26,810	649,200	600,600	-25,726	-25,726	363,400	-13,139	-16,126	282,400	343,200	368,400	-3,475	-3,475	495,000	303,400	2,092	2,092	380,600	360,000	-829	-829	203,200	138,400	-1,498	-1,498	147,400	147,200	-2,367	-2,367	135,390	-3,840	189,632	189,632	205,714	204,101	199,977	199,977	199,795	-26	19,550	-26	-26	-26	-26	-26	-26	-26	-26	16,402	-26	-26	-53	-53	-74	-99	-143	-195	53,486	-303	9,600	9,497	9,366	9,033	-1,730	-945	-1,000	-1,000	-1,000	-1,000	-1,400	-1,400	-1,400	-1,400	-1,600	-1,600	-1,600	-1,800	-1,800	-2,000	-2,200	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	0	0	0	0	440,150	0	0	0	435,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,395,376	0	0	0	1,401,154	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	260,664	314,816	318,195	304,934	304,934	390,369	211,177	210,930	210,930	211,503	215,755	211,683	211,683	207,704	258,793	355,561	355,561	417,636	405,158	385,091	385,091	464,446	486,880	445,961	445,961	480,407	483,603	355,284	355,284	362,833	311,062	175,575	175,575	155,348	142,503	187,167	187,167	195,116	192,220	112,871	122,900	141,447	106,559	123,398	123,398	160,973	139,089	101,149	101,149	178,194	138,916	198,382	198,382	87,599	84,730	81,795	81,795	51,700	38,097	34,905	34,905	38,209	19,833	44,536	44,536	42,600	20,723	39,710	39,710	61,746	7,337	17,570	7,337	11,719	23,459	27,664	27,664	21,877	19,115	11,346	12,448	4,218	12,277	7,857	7,857	7,046	8,885	17,017	19,610	20,981	11,765	21,634	10,262	14,269	13,651	15,986	10,505	5,000	8,900	11,500	7,300	2,000	3,800	3,500	4,800	9,900	6,000	3,700	11,500	16,700	24,400	15,800	24,000	-	-	-	5,600	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	1,235,197	494,197	913,595	945,965	945,965	901,131	855,962	764,646	764,646	717,990	728,957	710,880	710,880	704,679	723,942	747,240	747,240	723,130	699,083	641,020	641,020	607,487	627,020	559,835	559,835	530,145	483,603	389,377	389,377	362,833	311,062	205,575	205,575	155,348	142,503	187,167	187,167	195,116	192,220	122,871	0	141,447	116,559	133,398	133,398	160,973	139,089	101,149	101,149	178,194	156,016	198,382	198,382	87,599	84,730	81,795	81,795	51,700	38,097	34,905	34,905	38,209	19,833	44,536	44,536	42,600	20,723	40,940	40,940	61,746	38,998	32,696	38,998	29,691	40,412	81,457	81,457	58,453	61,394	92,611	12,448	8,377	19,298	7,857	7,857	53,289	8,885	17,017	19,610	20,981	11,765	21,634	10,262	14,269	13,651	21,109	15,565	20,200	34,100	36,700	32,500	66,000	79,500	85,200	4,800	91,000	84,200	79,200	11,500	96,600	108,300	116,500	24,000	-	-	-	5,600	-	-	-
Common Stock	443,631	2,348,812	440,847	1,976,252	440,150	1,752,926	437,265	435,453	435,453	1,559,456	432,354	430,996	430,996	1,413,557	428,063	426,111	426,111	1,322,736	424,511	418,492	418,492	1,153,286	394,470	391,727	391,727	873,787	389,329	369,057	369,057	636,035	342,934	326,572	326,572	0	307,149	235,117	235,117	0	205,921	192,776	192,776	-	0	87,280	87,280	-	0	83,020	83,020	0	0	68,053	68,053	0	0	50,251	50,251	0	0	39,929	39,929	0	0	29,771	29,771	29,721	29,283	24,187	24,187	20,744	16,548	18,403	16,548	16,499	16,408	16,274	16,274	16,260	16,251	16,248	13,150	12,479	12,291	11,294	11,294	8,537	8,537	7,520	7,448	6,472	6,470	5,835	4,404	4,400	4,395	4,384	4,329	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	111,308	111,242	111,234	111,071	110,938	110,825	110,561	110,267	110,267	109,825	109,629	108,985	108,985	108,500	108,277	107,995	107,995	107,601	107,178	105,776	105,776	102,083	101,066	106,776	106,776	106,384	105,648	103,613	103,613	101,805	100,163	88,970	88,970	86,837	87,558	55,647	55,647	53,158	50,146	56,400	47,800	46,567	39,073	49,535	49,535	22,100	22,018	21,516	21,516	21,415	48,320	18,271	18,271	16,613	15,600	13,975	13,975	11,278	10,808	10,807	10,807	8,744	8,464	8,389	8,389	8,372	8,240	7,095	7,095	5,746	4,854	4,854	4,854	4,502	4,470	4,437	4,437	4,432	4,500	4,256	4,256	3,266	3,074	2,933	2,933	2,128	2,040	1,708	1,708	1,404	1,404	1,055	1,055	941	945	936	936	858	847	810	810	871	889	860	860	929	894	900	900	945	881	906	906	875	675	675	675	485	473	498
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	1,454,902	0	0	0	426,111	0	0	0	0	0	0	0	391,700	0	0	0	369,100	0	0	0	326,600	0	0	0	235,100	0	0	0	0	-	0	0	87,300	-	0	0	83,000	0	0	0	68,100	0	0	0	50,300	0	0	0	39,900	0	0	0	0	0	29,283	0	0	0	20,366	18,400	16,500	16,500	16,400	16,300	16,300	16,300	16,300	16,200	13,200	0	0	0	11,300	0	8,500	7,500	0	6,500	6,500	5,800	0	4,400	4,400	4,400	0	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	4,300	-	-	-	-	-	-	-	-
Current Deferred Revenue	18,418	23,745	22,402	30,268	30,268	37,907	38,632	39,992	39,992	31,866	19,608	10,027	10,027	9,660	8,455	10,322	10,322	6,539	7,975	20,711	20,711	10,059	10,297	14,338	14,338	26,454	25,689	26,169	26,169	25,878	18,802	23,373	23,373	14,752	11,540	5,478	5,478	4,098	3,752	3,166	0	2,218	3,261	1,784	1,784	3,323	4,835	5,731	5,731	14,706	21,572	40,273	40,273	47,327	31,334	24,696	24,696	0	5,496	6,634	6,634	6,429	8,182	6,138	6,138	0	0	0	0	0	5,484	0	5,484	0	0	7,411	7,411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	63,924	0	0	0	95,233	0	0	0	69,744	0	0	0	3,995	0	0	0	5,719	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	7,000	0	0	7,000	7,000	0	0	7,000	7,000	0	0	7,000	7,000	0	0	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	8,807	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	0	12,557	13,049	13,540	9,843	15,774	16,217	14,754	14,754	0	0	14,017	14,017	0	16,298	13,456	13,456	10,800	11,279	16,731	16,731	15,006	16,671	19,841	19,841	21,627	23,848	31,666	31,666	32,687	34,807	38,126	38,126	36,718	39,283	45,816	45,816	45,599	49,603	36,292	32,400	36,066	39,716	51,956	51,956	51,293	52,620	58,737	58,737	58,074	60,092	54,247	54,247	57,375	60,783	67,601	67,601	71,000	74,344	81,034	81,034	86,181	29,081	34,711	34,711	36,386	39,482	44,981	44,981	49,291	0	0	61,400	0	0	0	76,950	0	0	0	87,954	0	0	0	78,572	0	0	0	43,664	0	0	0	15,691	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	282,688	304,245	330,819	358,715	358,715	269,405	249,038	234,512	234,512	220,668	209,306	199,126	199,126	204,933	210,129	192,256	192,256	187,902	174,806	170,778	170,778	159,507	153,413	143,315	143,315	143,300	139,010	137,532	137,532	143,090	136,125	105,681	105,681	104,396	91,855	87,873	87,873	85,175	83,689	64,804	64,800	70,364	71,195	65,570	65,570	74,047	64,294	69,024	69,024	76,850	71,108	42,512	42,512	37,635	37,898	32,250	32,250	28,700	26,630	38,729	38,729	45,422	37,432	27,806	27,806	35,431	37,691	41,101	41,101	38,519	24,376	28,684	24,376	20,902	17,058	25,669	25,669	30,371	25,712	21,584	19,382	17,058	13,275	10,201	10,201	10,085	9,530	8,526	8,428	10,999	10,978	12,279	15,624	14,382	14,516	13,486	13,511	11,900	8,900	9,100	9,800	9,500	10,400	11,100	12,400	13,700	15,800	14,400	14,300	14,600	15,300	15,800	13,200	-	-	-	9,500	-	-	-
Liabilities And Stockholders Equity	2,918,517	2,838,434	2,536,716	2,579,726	2,579,726	2,401,131	2,324,423	2,231,241	2,231,241	2,155,036	2,132,392	2,094,149	2,094,149	1,984,685	2,005,876	1,932,833	1,932,833	1,904,422	1,871,498	1,789,977	1,789,977	1,740,657	1,762,623	1,673,639	1,673,639	1,552,258	1,498,508	1,379,884	1,379,884	1,379,637	1,293,017	966,224	966,224	906,889	853,333	884,146	884,146	918,788	996,246	705,887	705,800	749,159	762,306	814,640	814,640	893,422	907,864	857,221	857,221	989,265	971,658	801,728	801,728	684,797	648,232	650,837	650,837	637,600	638,352	705,503	705,503	733,468	665,005	686,782	686,782	666,594	656,323	699,718	699,718	713,211	678,686	636,039	678,686	688,727	727,976	847,508	847,508	856,869	830,681	829,896	788,335	750,612	761,642	716,261	716,261	629,766	587,540	532,274	472,054	478,111	372,605	326,905	179,298	172,359	171,908	154,292	155,211	156,000	161,300	170,100	180,000	189,300	204,500	213,800	217,600	225,500	219,700	222,200	216,600	243,800	249,500	251,600	240,000	-	-	-	94,900	-	-	-
Long Term Debt	0	179,901	178,865	201,445	210,069	202,142	200,733	190,383	230,972	212,271	234,500	241,634	283,765	229,266	219,764	220,216	245,821	254,683	275,914	265,397	220,288	247,757	248,685	229,013	228,723	295,485	297,609	303,152	296,144	330,526	320,444	260,201	256,875	206,801	214,357	225,841	267,087	340,202	339,436	386,761	316,885	305,929	306,980	305,574	288,954	285,134	402,234	385,107	301,610	330,904	335,577	332,118	359,480	355,429	391,521	404,560	428,813	416,555	429,689	428,028	431,501	419,850	506,384	506,828	515,847	479,027	419,298	416,651	419,122	416,795	569,083	549,395	541,851	529,552	515,992	516,724	523,651	522,643	486,508	455,933	456,783	372,552	334,549	306,505	277,121	277,369	218,448	197,212	115,000	76,000	15,000	16,000	12,064	12,064	12,064	12,064	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	220,216	245,821	254,683	275,914	265,397	256,669	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,829	0	6,721	0	26,544	27,235	39,597	39,157	41,453	40,765	40,699	41,303	41,219	39,562	28,225	36,662	36,874	36,117	29,052	31,179	28,978	28,798	30,761	27,091	27,291	26,661	15,715	24,616	12,000	0	1,722	0	0	0	1,682	0	0	0	1,972	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-29,101	-87,244	-98,030	-61,265	-61,265	-127,041	69,084	103,910	103,910	106,182	122,807	178,595	178,595	108,279	40,639	-43,808	-43,808	-98,179	-84,071	-117,608	-117,608	-170,992	-137,953	-111,280	-111,280	-139,258	-130,699	-11,056	-11,056	9,339	47,556	114,559	114,559	100,677	112,412	200,478	200,478	209,794	244,344	240,455	230,441	209,942	235,628	215,479	215,479	181,131	304,764	248,716	248,716	274,008	325,317	283,277	283,277	279,830	385,730	362,280	362,280	369,300	451,379	469,023	469,023	404,932	495,788	460,125	460,125	443,767	405,186	386,044	386,044	361,571	562,070	537,559	562,070	524,230	498,864	497,195	497,195	500,766	467,393	444,587	444,335	372,334	326,272	273,264	273,264	274,323	213,563	194,195	109,390	69,019	17,235	8,366	1,802	-2,205	-1,587	-3,922	1,696	7,100	3,300	600	4,800	10,200	8,300	8,600	7,600	2,600	6,400	9,300	800	-4,200	-11,500	-2,000	-10,100	-	-	-	8,600	-	-	-
Net Invested Capital	0	227,572	220,165	243,669	272,344	263,328	280,268	268,548	314,840	317,685	338,562	342,929	1,848,090	315,983	1,697,441	283,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	180,176	150,162	163,293	144,195	144,195	165,086	170,552	160,259	160,259	144,878	144,868	185,920	185,920	118,111	128,401	140,720	140,720	123,519	123,789	161,991	161,991	163,747	161,017	149,666	149,666	150,039	150,731	155,668	155,668	137,914	140,832	117,441	117,441	129,949	118,957	104,925	104,925	93,372	115,019	91,259	91,300	83,388	99,223	84,733	84,733	88,315	98,711	80,350	80,350	111,791	128,896	72,759	72,759	72,900	61,730	43,124	43,124	45,500	37,703	48,180	48,180	57,615	38,714	49,725	49,725	55,490	48,245	36,923	36,923	38,443	25,819	27,819	25,819	17,731	19,715	30,651	30,651	44,346	39,180	30,407	22,704	23,866	26,158	28,778	28,778	26,420	31,754	20,896	24,571	33,575	22,314	26,098	22,628	20,763	18,895	13,409	13,340	8,600	7,800	6,000	9,000	13,100	12,700	15,800	18,000	17,500	15,200	22,800	22,400	23,900	25,000	33,600	32,000	-	-	-	13,000	-	-	-
Net Tangible Assets	0	2,336,255	0	0	1,877,150	1,737,152	1,689,054	1,640,992	1,603,187	1,541,875	1,505,562	1,460,558	1,439,850	1,397,751	1,381,711	1,343,632	1,337,266	1,304,936	1,282,843	1,248,427	1,222,531	1,131,280	1,082,782	1,042,276	1,009,219	845,160	789,557	712,727	654,903	0	0	0	355,875	0	0	0	155,942	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,432,320	1,459,269	1,138,263	1,130,156	1,107,786	1,012,760	972,630	932,850	919,875	827,124	820,553	825,646	830,004	799,273	779,798	780,511	835,425	821,378	808,253	784,238	784,238	709,417	647,998	571,959	571,959	599,187	553,372	450,883	450,883	413,236	366,409	235,608	235,608	160,766	140,621	93,759	93,759	142,979	120,926	150,498	150,500	-	157,197	129,186	129,186	-	138,577	35,830	35,830	77,409	49,630	72,053	72,053	54,993	72,323	70,113	70,113	53,600	34,528	22,843	22,843	17,899	6,543	46,711	46,711	67,700	24,684	36,581	36,581	58,882	-6,028	23,874	-6,028	-4,630	4,057	63,591	63,591	64,129	68,463	93,695	50,492	-28,172	-31,946	21,927	21,927	24,446	18,635	18,600	-16,335	5,285	100,816	115,468	28,635	46,494	52,659	59,017	56,001	58,100	58,000	61,300	66,100	73,100	85,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	1,209,359	1,118,355	1,093,973	1,092,795	1,092,795	1,007,078	1,005,618	1,035,038	1,035,038	1,027,847	1,009,332	991,233	991,233	926,583	915,246	844,352	844,352	848,300	851,446	802,018	802,018	788,949	802,084	799,307	799,307	707,309	690,773	681,886	681,886	711,884	683,417	519,497	519,497	493,465	481,222	490,062	490,062	524,475	567,013	415,473	0	438,145	460,093	516,135	516,135	551,462	559,482	591,131	591,131	604,375	604,512	479,653	479,653	477,718	455,313	483,364	483,364	504,100	528,517	576,032	576,032	586,522	568,009	563,135	563,135	532,033	548,199	579,281	579,281	572,766	588,445	545,490	588,445	617,974	649,481	707,913	707,913	722,456	702,283	682,952	688,030	699,630	700,456	606,180	606,180	537,942	501,206	442,809	404,634	353,491	209,187	159,571	120,556	101,953	94,033	77,074	79,758	80,900	85,700	90,700	94,700	98,100	99,300	99,800	101,900	101,600	102,500	104,000	106,200	107,000	98,800	84,000	71,500	-	-	-	33,100	-	-	-
Non Current Liabilities Other	0	18,626	11,057	11,188	0	0	60,600	0	0	0	0	0	0	0	521	0	514	0	969	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	214,640	228,812	221,131	246,699	246,699	266,912	289,698	339,524	339,524	295,515	312,276	366,335	366,335	312,299	302,900	333,054	333,054	346,942	364,842	350,051	350,051	345,080	349,407	341,560	341,560	432,709	430,130	450,155	450,155	489,085	491,057	369,519	369,519	329,624	321,554	388,260	388,260	487,833	496,474	424,723	0	426,610	433,088	425,296	425,296	432,972	546,333	452,258	452,258	491,462	474,226	433,924	433,924	431,144	458,460	497,463	497,463	484,000	489,476	488,598	488,598	469,031	578,392	565,137	565,137	530,496	480,811	482,872	482,872	482,346	612,484	614,170	612,484	599,036	587,174	603,524	603,524	595,504	540,479	509,930	509,065	425,341	387,806	329,773	329,773	315,279	258,268	218,613	135,494	97,031	89,646	68,262	14,543	14,369	13,911	13,833	13,638	14,100	14,200	15,200	20,800	21,300	23,700	25,200	25,900	22,400	23,200	24,300	25,300	27,500	25,800	29,400	25,000	-	-	-	12,600	-	-	-
Non Currrent Assets Other	28,078	43,342	62,288	69,623	69,623	88,864	83,866	41,307	41,307	17,581	16,978	13,554	13,554	15,806	51,238	17,682	17,682	44,671	41,768	11,648	11,648	44,121	44,722	43,302	25,000	-66,791	-84,391	910	910	-103,316	-103,061	1,170	1,170	-68,950	-67,237	3,995	3,995	-78,246	-89,286	5,719	11,500	-3,129	-6,340	7,551	7,551	14,132	14,715	14,067	14,067	19,942	19,277	12,030	12,030	7,390	7,257	5,720	5,720	8,300	8,471	8,802	8,802	40,702	28,288	26,137	26,137	1,286	1,303	1,346	1,346	1,457	77,800	61,201	77,800	83,313	86,519	98,617	98,617	108,895	113,012	116,131	119,618	123,205	126,260	113,106	113,106	85,057	88,325	66,034	47,610	49,726	43,800	35,205	-1,349	16,613	14,369	892	-6,025	1,400	1,300	1,600	300	0	0	100	100	-	100	300	200	300	300	300	300	-	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	43,342	0	0	76,145	88,864	83,866	89,677	93,395	91,786	91,312	92,980	74,222	88,878	91,834	93,032	86,454	90,269	89,171	89,357	95,297	96,722	101,022	110,771	164,183	74,202	62,494	64,228	65,200	68,838	58,254	60,105	59,964	62,988	66,130	66,401	70,951	76,878	81,836	58,909	65,434	68,517	76,301	77,086	81,667	84,939	86,890	90,277	92,448	98,240	100,659	106,382	104,328	102,300	105,172	108,827	111,964	115,844	118,421	121,457	126,335	135,690	57,369	57,491	60,848	37,672	40,785	43,910	46,327	50,748	55,879	61,201	77,800	83,313	86,519	97,549	98,617	108,895	113,012	116,131	119,618	123,205	126,260	123,774	113,106	102,457	94,325	72,034	63,910	56,326	51,800	44,005	28,051	23,413	20,369	6,892	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11,097	33,453	32,396	35,416	35,416	41,710	43,253	54,817	54,817	43,653	39,929	30,810	30,810	30,379	28,158	22,019	22,019	21,571	22,374	14,170	14,170	20,967	19,089	21,516	21,516	21,465	34,391	1,653	1,653	23,916	21,581	18,030	18,030	23,731	18,796	14,119	14,119	20,650	38,305	11,480	11,480	15,815	15,236	14,804	14,804	18,625	46,288	15,567	15,567	18,055	11,126	8,422	8,422	8,945	8,561	10,304	10,304	7,600	7,405	7,657	7,657	5,700	1,017	1,580	1,580	1,040	1,465	1,473	1,473	1,737	1,048	1,350	1,048	2,429	1,310	1,818	1,818	1,243	2,112	2,342	45,771	1,681	2,455	63,245	63,245	2,030	36,165	43,026	14,811	59,065	118,361	107,323	10,228	20,992	30,813	29,214	33,037	34,400	24,800	27,600	34,000	2,600	2,600	2,000	80,500	1,700	1,900	1,800	62,200	1,700	2,100	1,700	99,300	-	-	-	33,700	-	-	-
Other Current Liab	60,340	80,392	83,631	90,637	90,637	121,487	100,246	73,756	73,756	69,796	78,411	59,432	59,432	58,098	68,192	57,603	57,603	59,065	65,904	67,867	67,867	72,160	75,867	66,730	66,730	64,259	78,051	73,600	73,600	81,248	87,386	62,714	62,714	76,765	72,715	75,657	75,657	82,596	106,971	33,951	37,117	39,893	31,870	36,240	36,240	62,427	66,608	64,654	64,654	67,524	61,212	38,914	38,914	41,826	36,285	23,652	23,652	36,300	30,793	35,202	35,202	38,251	22,799	13,886	13,886	20,041	20,907	22,096	22,096	15,354	3,488	8,913	3,488	9,203	8,467	2,059	2,059	9,082	8,853	8,198	9,564	9,382	9,322	8,071	8,071	8,819	7,572	5,366	5,271	6,172	10,214	9,625	6,270	7,179	6,431	6,655	7,019	7,100	8,000	8,900	7,500	7,900	9,300	10,500	11,400	28,700	15,200	15,600	14,200	34,000	18,900	19,900	16,800	-	-	-	3,300	-	-	-
Other Liab	0	48,911	0	0	61,610	64,770	88,972	98,168	108,552	83,244	77,776	84,429	82,570	83,033	83,136	81,426	87,233	92,259	88,928	90,999	93,382	97,323	100,722	113,176	48,913	137,224	46,441	140,531	58,778	50,716	63,028	44,947	42,900	46,626	32,646	32,211	45,895	58,964	56,903	61,874	94,227	105,536	103,586	103,340	109,538	116,461	118,317	130,893	130,220	134,139	138,649	68,459	64,568	75,715	66,939	75,472	57,455	67,432	59,787	57,203	45,348	49,181	72,008	74,852	49,290	51,469	61,511	65,403	63,750	65,551	62,632	64,775	70,633	69,484	71,182	82,600	79,873	72,861	53,971	53,997	52,282	52,789	53,257	52,995	52,652	37,910	39,820	21,401	20,494	21,031	74,646	52,262	2,479	2,305	1,847	1,769	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	1,371,845	0	1,501,185	2,640	1,553,425	16,721	1,471,344	1,529,885	1,529,885	1,564,387	1,522,540	1,508,785	1,508,785	1,419,422	-1,386,279	1,494,078	1,494,078	-1,316,471	-1,288,592	1,485,308	1,485,308	-1,147,536	-1,094,947	1,440,117	1,440,117	-867,423	-807,595	1,419,838	1,419,838	-635,965	-554,009	1,371,235	1,371,235	-324,593	-286,561	1,239,595	1,239,595	-181,689	1,223,460	1,212,868	0	-171,605	-184,198	1,276,830	1,276,830	-247,457	-151,674	1,159,932	1,159,932	-190,278	-180,084	1,102,369	1,102,369	-101,633	-69,224	1,016,705	1,016,705	-73,700	-73,631	975,790	975,790	0	3,800	621,946	621,946	585,737	577,191	555,508	555,508	537,752	513,165	522,051	513,165	512,417	509,214	508,404	508,404	508,186	507,969	507,890	418,809	406,573	404,262	391,736	391,736	-147,478	329,800	300,800	-198,807	192,200	246,100	223,600	-136,885	146,000	144,700	136,000	-115,699	130,400	130,300	130,700	131,300	133,000	138,800	138,700	138,700	138,900	138,600	138,600	138,800	138,800	139,000	139,100	141,300	-	-	-	53,000	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	0	0	0	0	4,016,456	0	0	0	0	0	859,589	827,230	839,171	780,596	765,895	732,169	681,939	703,569	707,122	698,447	657,234	639,000	648,400	652,800	635,100	633,100	628,300	629,600	616,700	643,000	625,200	582,300	459,500	430,500	415,100	408,500	419,100	447,600	485,200	350,000	350,000	369,600	383,800	408,000	434,500	466,500	472,600	477,500	498,700	506,100	504,600	353,700	375,300	375,400	350,100	354,000	371,400	388,200	410,100	428,800	449,700	450,800	510,600	520,518	502,300	494,400	507,414	519,900	532,800	527,400	460,328	484,300	510,600	534,700	563,000	583,400	609,300	613,600	589,300	561,200	562,500	570,100	567,600	521,400	487,300	429,400	406,900	370,800	336,200	297,200	157,400	115,600	92,500	78,500	73,700	70,200	72,700	73,500	78,400	83,100	88,400	91,900	96,900	97,300	99,200	99,500	100,500	103,700	106,000	106,700	98,500	83,700	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	1,165,691	1,062,456	1,018,636	1,009,632	1,009,632	902,440	878,991	890,796	890,796	879,323	859,589	858,161	858,161	780,596	765,895	699,767	699,767	703,569	707,122	657,234	657,234	639,042	648,413	635,124	635,124	633,107	628,279	616,686	616,686	643,046	625,163	459,533	459,533	430,477	415,092	419,111	419,111	447,597	485,177	350,039	0	369,628	383,792	434,468	434,468	466,523	472,592	498,683	498,683	506,135	503,853	375,325	375,325	375,418	350,141	371,400	371,400	388,200	410,096	449,697	449,697	450,832	510,640	502,287	502,287	494,361	507,414	532,954	532,954	522,018	510,645	484,289	510,645	534,661	562,962	609,296	609,296	613,561	589,271	566,821	568,412	576,425	574,196	493,074	493,074	435,485	406,881	370,775	340,724	297,165	157,387	115,566	92,505	78,540	73,664	70,182	72,683	73,500	78,400	83,100	88,400	91,900	96,900	97,300	99,200	99,500	100,500	103,700	106,000	106,700	98,500	83,700	71,200	-	-	-	33,100	-	-	-
Property Plant Equipment	0	1,062,456	0	0	962,258	902,440	878,991	879,781	890,796	879,323	859,589	827,230	858,161	780,596	765,895	732,169	699,767	703,569	707,122	698,447	657,234	639,042	648,413	652,816	635,124	633,107	628,279	629,554	616,686	643,046	625,163	582,250	459,533	430,477	415,092	408,513	419,111	447,597	485,177	483,525	350,039	369,628	383,792	407,991	434,468	466,523	472,592	477,463	498,683	506,135	503,853	353,655	375,325	375,418	350,141	353,968	371,400	388,234	410,096	428,781	449,697	450,832	510,640	520,518	502,287	494,361	507,414	519,876	532,954	522,018	460,328	484,289	510,645	534,661	562,962	587,707	609,296	613,561	589,271	566,821	568,412	576,425	574,196	527,486	493,074	435,485	406,881	370,775	340,724	297,165	157,387	115,566	92,505	78,540	73,664	70,182	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	467,615	0	71,713	-50,879	-50,879	0	-203,338	-315,448	-315,448	0	-406,272	-465,460	-465,460	0	-511,326	-547,398	-547,398	0	-590,294	-637,446	-637,446	0	-709,165	-773,025	-773,025	0	-975,510	-1,071,036	-1,071,036	0	-1,171,000	-1,273,654	-1,273,654	0	0	-1,244,007	-1,244,007	0	-1,225,195	-1,248,270	-1,248,270	-	0	-1,140,610	-1,140,610	-	0	-1,070,341	-1,070,341	0	0	-1,051,811	-1,051,811	0	0	-1,009,444	-1,009,444	0	0	-903,075	-903,075	0	0	-796,640	-796,640	-751,935	-718,503	-646,682	-646,682	-608,989	-559,754	-604,810	-559,754	-514,582	-459,232	-356,672	-356,672	-333,339	-293,927	-257,395	-218,904	-172,909	-135,823	-104,643	-104,643	-91,059	-76,546	-65,255	-53,241	-43,970	-31,551	-21,821	-14,719	-15,069	-14,303	-14,700	-10,730	-7,800	-3,100	3,800	9,700	14,000	18,900	23,900	25,300	20,900	28,700	23,700	19,300	18,100	37,200	34,200	29,100	-	-	-	8,700	-	-	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	47,671	41,300	42,224	62,275	61,186	79,535	78,165	83,868	105,414	104,062	101,295	106,513	86,717	79,668	62,885	65,932	64,774	45,173	43,148	0	0	95,000	343,776	49,629	341,149	352,904	346,483	31,869	372,172	359,000	0	26,681	0	0	0	119,999	0	0	0	353,963	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	231,563	227,572	220,165	243,669	243,669	263,328	280,261	314,840	314,840	317,685	338,562	390,278	390,278	315,983	299,432	311,753	311,753	319,457	321,087	267,483	267,483	293,454	348,927	334,681	334,681	341,149	352,904	344,228	344,228	372,172	358,618	290,134	290,134	256,025	254,915	387,645	387,645	404,910	436,564	353,326	353,341	351,389	342,187	338,877	338,877	342,104	443,853	349,865	349,865	452,202	464,233	481,659	481,659	367,429	470,460	444,075	444,075	421,000	489,476	503,928	503,928	443,141	515,621	504,661	504,661	486,367	425,909	425,754	425,754	423,317	569,407	555,129	569,407	535,949	522,323	524,859	524,859	522,643	486,508	455,933	456,783	376,552	338,549	281,121	281,121	281,369	222,448	211,212	129,000	90,000	29,000	30,000	12,064	12,064	12,064	12,064	12,201	12,100	12,200	12,100	12,100	12,200	12,100	12,100	12,400	12,500	12,400	13,000	12,300	12,500	12,900	13,800	13,900	-	-	-	14,200	-	-	-
Short Term Debt	58,952	47,671	41,300	42,224	42,224	61,186	79,535	83,868	83,868	105,414	104,062	106,513	106,513	86,717	79,668	65,932	65,932	64,774	45,173	10,814	10,814	45,697	100,242	105,958	105,958	45,664	55,295	48,084	48,084	41,646	38,174	33,259	33,259	49,224	40,558	120,558	120,558	64,708	97,128	36,441	36,441	45,460	35,207	49,923	49,923	56,970	41,619	48,255	48,255	121,298	128,656	122,179	122,179	12,000	12,000	7,000	7,000	4,400	7,000	15,330	15,330	23,291	9,237	7,887	7,887	7,340	6,611	6,632	6,632	6,522	27,556	5,734	27,556	6,397	6,331	1,208	1,208	0	0	0	0	4,000	4,000	4,000	4,000	4,000	4,000	14,000	14,000	14,000	14,000	14,000	0	0	0	0	95	0	100	0	0	0	0	-	300	-	-	-	200	-	-	-	1,800	-	-	-	2,100	-	-	-
Short Term Investments	974,533	179,381	595,400	641,031	641,031	510,762	644,785	553,716	553,716	506,487	513,202	499,197	499,197	496,975	465,149	391,679	391,679	305,494	293,925	255,929	255,929	143,041	140,140	113,874	113,874	49,738	0	34,093	34,093	187,258	0	30,000	30,000	0	0	0	0	0	0	10,000	10,000	-	10,000	10,000	10,000	-	31,572	0	0	0	17,100	0	98,007	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,230	1,230	0	31,661	15,126	31,661	17,972	16,953	53,793	53,793	36,576	42,279	81,265	44,042	4,159	7,021	9,000	10,500	46,243	7,000	10,000	10,000	57,100	115,600	105,300	8,400	19,400	28,500	5,123	5,060	15,200	25,200	25,200	25,200	64,000	75,700	81,700	79,300	81,100	78,200	75,500	60,700	79,900	83,900	100,700	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	2,918,517	2,835,794	2,534,076	2,577,086	2,577,086	2,384,410	2,324,423	2,231,241	2,231,241	2,155,036	2,132,392	2,094,149	2,094,149	1,984,685	2,005,876	1,932,833	1,932,833	1,904,422	1,871,498	1,789,977	1,789,977	1,740,657	1,762,623	1,673,639	1,673,639	1,552,258	1,498,508	1,379,884	1,379,884	1,379,637	1,293,017	966,224	966,224	906,889	853,333	884,146	884,146	918,788	996,246	705,887	705,900	749,159	762,306	814,640	814,640	893,422	907,864	857,221	857,221	989,265	971,658	801,728	801,728	684,797	648,232	650,837	650,837	637,600	638,352	705,503	705,503	733,468	665,005	686,782	686,782	666,594	656,323	699,718	699,718	713,211	678,686	636,039	678,686	688,727	727,976	847,508	847,508	856,869	830,681	829,896	788,335	750,612	761,642	716,261	716,261	629,766	587,540	532,274	472,054	478,111	372,605	326,905	179,298	172,359	171,908	154,292	155,211	156,000	161,300	170,100	180,000	189,300	204,500	213,900	217,600	225,500	219,600	222,200	216,600	243,800	249,500	251,600	240,000	-	-	-	94,900	-	-	-
Total Current Assets	1,709,158	1,717,439	1,440,103	1,484,291	1,484,291	1,377,332	1,318,805	1,196,203	1,196,203	1,127,189	1,123,060	1,102,916	1,102,916	1,058,102	1,090,630	1,088,481	1,088,481	1,056,122	1,020,052	987,959	987,959	951,708	960,539	874,332	874,332	844,949	807,735	697,998	697,998	667,753	609,600	446,727	446,727	413,424	372,111	394,084	394,084	394,313	429,233	290,414	290,400	311,014	302,213	298,505	298,505	341,960	348,382	266,090	266,090	384,890	367,146	322,075	322,075	207,079	192,919	167,473	167,473	133,500	109,835	129,471	129,471	146,946	96,996	123,647	123,647	134,561	108,124	120,437	120,437	140,445	90,241	90,549	90,241	70,753	78,495	139,595	139,595	134,413	128,398	146,944	100,305	50,982	61,186	110,081	110,081	91,824	86,334	89,465	67,420	124,620	163,418	167,334	58,742	70,406	77,875	77,218	75,453	75,100	75,600	79,400	85,300	91,200	105,200	114,100	115,700	123,900	117,100	118,200	110,400	136,800	150,700	167,600	168,500	-	-	-	61,800	-	-	-
Total Current Liabilities	276,838	258,170	301,840	354,135	354,135	364,572	346,175	276,328	276,328	300,065	302,507	272,912	272,912	258,829	310,832	253,056	253,056	234,744	211,799	203,721	203,721	242,291	312,541	302,373	302,373	245,762	254,363	247,115	247,115	254,517	243,191	211,119	211,119	252,658	231,490	300,325	300,325	251,334	308,307	139,916	139,900	150,954	145,016	169,319	169,319	212,907	209,805	230,260	230,260	307,481	317,516	250,022	250,022	152,086	120,596	97,360	97,360	79,900	75,307	106,628	106,628	129,047	90,453	76,936	76,936	66,861	83,440	83,856	83,856	81,563	96,269	66,675	96,269	75,383	74,438	76,004	76,004	70,284	59,935	53,249	49,813	79,154	93,132	88,154	88,154	67,378	67,699	70,865	83,755	119,335	62,602	51,866	30,107	23,912	25,216	18,201	19,452	17,000	17,600	18,100	19,200	18,100	20,200	23,100	24,800	40,600	26,500	32,900	30,700	56,900	45,200	46,800	44,600	-	-	-	20,600	-	-	-
Total Liab	491,478	486,982	522,971	600,834	600,834	631,484	635,873	615,852	615,852	595,580	614,783	639,247	639,247	571,128	613,732	586,110	586,110	581,686	576,641	553,772	553,772	587,371	661,948	643,933	643,933	678,471	684,493	697,270	697,270	743,602	734,248	580,638	580,638	582,282	553,044	688,585	688,585	739,167	804,781	564,639	564,600	577,564	578,104	594,615	594,615	645,879	756,138	682,518	682,518	798,943	791,742	683,946	683,946	583,230	579,056	594,823	594,823	563,900	564,783	595,226	595,226	598,078	668,845	642,073	642,073	597,357	564,251	566,728	566,728	563,909	708,753	680,845	708,753	674,419	661,612	679,528	679,528	665,788	600,414	563,179	558,878	504,495	480,938	417,927	417,927	382,657	325,967	289,478	219,249	216,366	152,248	120,128	44,650	38,281	39,127	32,034	33,090	31,100	31,800	33,300	40,000	39,400	43,900	48,300	50,700	63,000	49,700	57,200	56,000	84,400	71,000	76,200	69,600	-	-	-	33,200	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	2,432,499	2,351,452	2,013,745	1,978,892	1,978,892	1,769,647	1,705,271	1,622,007	1,622,007	1,564,387	1,522,540	1,457,812	1,457,812	1,419,422	1,398,009	1,354,547	1,354,547	1,329,001	1,301,122	1,242,966	1,242,966	1,159,064	1,106,453	1,036,060	1,036,060	880,177	820,405	690,032	690,032	636,035	563,591	397,343	397,343	324,607	314,039	204,979	204,979	181,711	191,047	141,248	141,248	171,595	184,202	220,025	220,025	247,543	151,726	174,703	174,703	190,322	179,916	117,782	117,782	101,567	69,176	56,014	56,014	73,700	73,569	110,277	110,277	135,390	-3,840	44,709	44,709	69,237	92,072	132,990	132,990	149,302	-30,067	-44,806	-30,067	14,308	66,364	167,980	167,980	191,081	230,267	266,717	229,457	246,117	280,704	298,334	298,334	247,109	261,573	242,796	252,805	261,745	220,357	206,777	134,648	134,078	132,781	122,258	122,121	124,900	129,500	136,800	140,000	149,900	160,600	165,500	166,900	162,500	170,000	165,000	160,600	159,400	178,500	175,400	170,400	-	-	-	61,700	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,072	0	0	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	0	-9,072	-	0	0	-9,072	-	0	0	-9,072	0	0	0	-9,072	0	0	0	-9,072	0	0	0	-9,072	0	0	0	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	-9,072	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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
Begin Period Cash Flow	340,759	210,930	211,683	355,561	385,091	445,961	355,284	175,575	187,167	112,871	123,398	101,149	100,375	81,795	34,905	44,536	39,710	27,664	27,664	12,448	7,857	19,610	7,320	10,505	7,320	4,800	11,500	24,000	5,600	8,800
Capital Expenditures	445,107	213,537	313,808	313,656	191,396	210,192	187,676	217,496	165,370	50,209	81,819	103,830	117,166	106,710	28,066	87,302	107,485	38,878	38,878	154,975	179,310	205,099	15,297	53,530	15,297	20,900	29,400	84,500	62,100	27,400
Cash And Cash Equivalents 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
Cash Flows Other Operating	0	0	0	0	0	0	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	-80,095	129,829	-753	-143,878	-29,530	-60,870	90,677	179,709	-11,592	74,296	-10,527	22,249	774	18,580	46,890	-9,631	4,826	-20,327	-20,327	15,216	4,591	-11,753	3,185	-243	3,185	2,500	-6,600	-12,600	18,300	-3,100
Change In Working Capital	-92,311	-46,585	-3,169	-59,119	-17,228	-27,524	-169,924	-27,953	-72,840	43,461	-19,891	-28,438	8,522	-7,704	13,218	-4,775	148	906	906	13,807	-7,234	33,559	-6,810	-6,154	-6,810	2,400	-4,000	-2,000	8,300	-2,800
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
Change To Account Receivables	-3,160	-15,232	14,335	-33,087	27,317	-3,096	-6,564	-30,104	-11,115	-24,021	-5,194	-6,857	-7,686	-28,061	5,256	15,666	-13,500	-14,700	2,500	-7,700	-4,100	-4,200	8,600	-3,600	-3,100	5,800	100	2,400	0	0
Change To Inventory	8,682	-77,891	-44,192	-2,891	-21,021	-26,344	-4,277	-22,069	-17,908	-1,758	-780	2,316	-3,999	-10,262	8,649	-4,008	459	1,293	1,293	-6,287	-6,221	-609	-3,672	-2,113	-3,672	2,600	1,900	-1,100	-3,700	-3,500
Change To Liabilities	0	-37,878	39,250	-19,425	-9,179	-7,682	-139,296	24,567	2,389	11,107	25	0	21,733	0	0	0	15,435	0	3,082	404	801	4,686	0	0	0	0	0	0	0	0
Change To Netincome	0	19,198	3,740	12,847	4,026	-9,549	19,137	-46,109	104,761	-126,255	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	84,416	-12,562	-3,716	-14,345	9,598	-19,787	-347	-46,206	52,623	-3,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	258,021	292,638	270,710	240,531	214,474	214,391	208,411	197,606	168,032	243,362	164,824	173,585	162,679	143,023	143,404	138,808	154,343	144,852	144,852	121,067	54,611	18,821	26,643	25,917	26,643	25,400	23,600	17,600	8,400	3,500
Dividends Paid	0	0	0	0	0	0	4,378	2,563	1,570	1,570	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,200	19,800	0	0
End Period Cash Flow	260,664	340,759	210,930	211,683	355,561	385,091	445,961	355,284	175,575	187,167	112,871	123,398	101,149	100,375	81,795	34,905	44,536	7,337	7,337	27,664	12,448	7,857	10,505	10,262	10,505	7,300	4,900	11,400	23,900	5,700
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	231,454	316,283	107,485	-37,095	99,924	102,705	167,959	109,972	4,936	47,556	-39,551	-28,651	-9,173	14,735	9,183	-74,741	-90,802	-99,616	-99,616	-189,875	-246,988	-204,166	-19,334	-37,345	-19,334	-15,700	11,300	-59,600	-25,600	-17,800
Investments	-736,055	-329,448	-57,892	-363,609	-305,094	-328,217	-245,360	-226,725	-30,000	9,924	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-78,379	-77,315	-63,699	-19,402	-48,849	-50,255	37,091	903	-42,197	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	518,494	266,471	154,075	83,289	88,073	133,379	301,656	209,166	-29,127	-1,372	-107,660	-70,269	-18,530	-42,367	-120,459	-106,435	-134,196	-203,082	-203,082	-137,768	-114,261	-51,402	-20,467	-3,989	-20,467	-15,500	19,200	10,000	20,400	7,800
Other Cashflows From Financing Activities	1,932	11,685	96,143	-61,187	-17,560	99,704	31,315	207,912	85,016	85,884	-77,453	122,933	11,284	-204,117	-29,538	70,514	68,372	46,189	46,189	66,000	174,000	149,540	79	618	79	-200	100	-3,900	4,300	-3,900
Other Cashflows From Investing Activities	0	0	-1,792	-1,450	-413	-14,536	2,921	2,921	-23,411	9,924	0	0	33,292	0	0	0	107	145	3,655	31,934	22,213	5,735	22,757	21,408	0	0	0	0	0	0
Other Non Cash Items	-7,643	17,296	-323	11,860	6,001	2,442	2,627	-9,172	88,163	-184,019	904	-13,243	-43,741	28,493	1,086	-15,037	-3,612	-3,414	-3,414	-32,006	-794	-45	-998	411	-998	-1,400	200	-3,000	-3,200	0
Sale Purchase Of Stock	0	0	0	0	1,842	714	31,315	38,803	14,424	19,600	39,000	104,700	22,700	158,800	52,900	20,000	26,800	103,700	0	700	16,400	21,500	-963	12,600	-963	-8,100	300	-200	-200	0
Stock Based Compensation	0	24,215	25,144	16,988	14,548	-4,437	121,324	-37,615	20,251	20,310	15,544	4,418	-5,728	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,300	0	0	0
Total Cash From Financing Activities	-30,414	-66,650	-76,857	-61,187	-17,560	-48,135	-23,318	73,331	13,757	-31,798	32,416	67,079	-118,589	101,226	39,252	62,335	95,133	46,189	46,189	141,891	214,803	246,291	-694	13,249	-694	-8,300	-12,800	-23,900	90,900	37,600
Total Cash From Operating Activities	676,561	529,820	421,293	276,561	291,320	312,897	355,635	327,468	170,306	97,765	42,268	75,179	107,993	121,445	37,249	12,561	16,683	-60,738	-60,738	-34,900	-67,678	933	-4,037	16,185	-4,037	5,200	40,700	24,900	36,500	9,600
Total Cashflows From Investing Activities	0	-329,448	-338,944	-363,609	-305,094	-328,217	-245,360	-226,725	-195,489	17,297	-77,453	0	11,284	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	2013-06-30	2013-03-31	2012-12-31	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
Begin Period Cash Flow	314,816	318,195	304,934	340,759	390,369	211,177	215,755	211,503	211,503	215,755	215,581	207,704	207,704	258,793	251,348	417,636	417,636	405,158	408,098	464,446	464,446	486,880	464,661	480,407	480,407	483,603	432,113	362,833	362,833	311,062	224,577	155,348	155,348	142,503	134,216	195,116	195,116	192,220	182,831	141,400	141,400	119,700	161,000	161,000	158,200	178,200	178,200	159,600	183,600	87,599	87,599	84,730	83,448	51,708	51,708	38,097	40,315	38,209	38,209	19,833	32,374	42,600	42,600	20,723	38,592	61,746	61,746	8,581	11,719	7,337	11,719	23,459	34,507	21,877	21,877	19,115	11,346	12,448	4,200	12,300	12,150	7,046	7,046	35,600	48,400	19,610	21,000	11,800	21,634	10,262	14,269	13,651	15,986	10,505	5,000	8,900	11,500	7,300	2,000	3,800	3,500
Capital Expenditures	143,054	101,080	15,812	105,245	38,186	45,134	87,714	120,495	120,495	87,714	56,184	121,350	121,350	66,862	62,537	62,934	62,934	43,017	43,727	48,654	48,654	40,892	40,148	41,349	41,349	41,708	41,312	50,744	50,744	54,947	54,323	58,137	58,137	40,626	38,450	26,569	26,569	37,188	27,004	39,500	39,500	42,300	52,500	52,500	51,300	60,900	60,900	2,282	56,300	22,014	22,014	44,419	27,087	9,867	9,867	6,294	5,328	16,670	16,670	13,382	16,163	39,658	39,658	18,039	25,952	51,301	51,301	73,203	6,627	13,404	6,627	8,146	4,455	23,353	23,353	51,335	55,033	25,254	35,300	40,300	55,638	55,309	55,309	46,400	48,000	55,426	96,600	123,500	48,633	26,481	26,962	14,036	6,312	6,220	7,697	1,800	3,300	2,500	3,800	2,500	14,600
Cash And Cash Equivalents 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
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-54,152	-3,379	13,261	-35,825	-49,610	179,192	-4,252	-573	-573	-4,252	174	3,979	3,979	-51,089	7,445	-62,075	-62,075	12,478	-2,940	-79,355	-79,355	-22,434	22,219	-34,446	-34,446	-3,196	51,490	-7,549	-7,549	51,771	86,485	50,227	50,227	12,845	8,287	-7,949	-7,949	2,896	9,390	6,300	6,300	-16,800	-15,700	-15,700	37,900	24,800	24,800	0	-24,000	12,776	12,776	2,869	1,282	30,087	30,087	13,611	-2,218	-3,304	-3,304	18,376	-12,541	1,936	1,936	21,877	-17,869	-22,036	-22,036	53,165	-4,382	10,233	-4,382	-11,740	-11,048	5,787	5,787	2,762	7,769	-1,102	8,200	-8,000	127	811	811	-1,900	-8,100	-2,593	-1,400	9,200	-9,869	11,372	-4,007	618	-2,335	5,481	5,505	-3,900	-2,600	4,200	5,300	-1,800	-1,000
Change In Working Capital	23,325	-5,395	31,173	-70,917	-39,374	-27,292	-5,595	5,908	5,908	-5,595	-7,105	-32,277	-32,277	-8,777	-17,422	-1,852	-1,852	-5,651	-2,195	860	860	-17,755	-6,198	-119,975	-119,975	-4,415	-24,553	-20,610	-20,610	-12,529	1,137	-26,286	-26,286	-6,099	54,100	-7,900	-7,900	22,053	14,000	7,900	7,900	-16,300	-36,200	-36,200	-21,400	15,700	15,700	27,779	-12,000	-12,976	-12,976	14,399	7,999	16,684	16,684	-9,436	2,946	6,374	6,374	-6,457	-2,890	2,782	2,782	-1,430	-170	-1,314	-1,314	-101,265	-10,717	-7,343	-10,717	621	657	36,212	36,212	-10,452	-8,254	-3,699	-8,500	-5,600	5,537	11,875	11,875	7,900	12,600	1,191	1,800	-50,200	26,207	51,646	-4,330	1,534	-4,187	829	-2,510	-4,500	-1,100	1,300	1,000	-4,100	5,500
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
Change To Account Receivables	-1,791	12,529	-28,654	7,413	12,380	3,991	-678	2,291	2,291	-678	18,996	-43,347	-43,347	11,556	-12,981	-3,458	-3,458	-496	12,665	10,933	10,933	-3,767	-18,351	788	788	361	-17,242	-18,200	-18,200	-1,469	-1,916	11,795	11,795	-7,325	-7,100	-15,421	-15,421	0	-23,900	-8,600	-8,600	-7,100	6,200	6,200	-4,000	4,500	4,500	0	-23,800	2,009	2,009	-10,970	-6,691	1,517	1,517	-6,599	-2,985	13,323	9,200	-20,800	10,700	0	-4,700	-4,200	0	0	-5,900	-6,700	0	-2,100	-7,200	1,300	1,200	7,200	6,700	-6,900	-3,500	-4,000	-2,300	-3,900	1,300	800	-2,400	200	-1,200	-800	1,800	-300	5,100	2,000	-400	-1,600	-3,100	1,500	-1,600	-400	-1,800	700	2,700	-2,100	3,500
Change To Inventory	26,418	22,477	73,735	-57,420	-23,423	-25,510	-12,553	-16,155	-16,155	-12,553	-12,077	7,800	7,800	6,689	-11,209	-4,728	-4,728	-13,276	378	-9,702	-9,702	-7,237	-6,713	92	92	-4,636	1,688	-300	-300	-6,245	-6,300	-1,302	-1,302	-12,151	-5,700	-7,358	-7,358	0	10,800	5,600	5,600	-9,600	8,400	8,400	-1,800	7,900	7,900	0	-25,200	-4,877	-4,877	383	-5,418	-3,504	-3,504	-2,116	3,276	6,512	6,512	1,962	-5,355	2,388	2,388	999	556	-2,582	-2,582	-4,118	-3,474	-4,308	-3,474	-3,844	4,566	4,702	4,702	-4,659	-4,128	-2,202	-2,300	-3,800	-70	-517	-517	-600	-1,000	500	2,600	0	1,301	3,345	-1,242	134	-1,030	25	-1,672	-2,900	100	800	-300	900	700
Change To Liabilities	0	-32,608	0	0	-54,762	-26,805	9,488	34,201	30,871	19,952	-10,818	-755	8,222	-10,353	-7,320	-9,998	4,613	16,625	-16,116	-14,301	5,524	-2,828	-395	-8,556	-138,911	10,914	-14,324	-15,303	5,550	0	10,273	10,145	2,389	0	0	0	11,107	0	15,755	0	25	7,311	0	0	3,367	0	21,733	0	27,079	0	0	2,912	0	7,710	0	0	0	0	0	0	0	4,201	15,435	8,711	17,119	9,402	0	0	3,583	1,348	3,082	0	0	0	404	3,332	3,479	3,309	801	4,765	3,864	3,409	4,686	4,453	1,132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-1,295	-1,295	-1,295	8,907	5,601	2,932	1,758	2,316	4,002	4,007	-6,585	11,300	1,914	4,705	-5,072	-3,699	2,995	562	4,168	-1,594	816	-8,108	-699	19,137	-1,957	6,441	7,914	-46,109	0	0	0	104,761	0	0	0	-126,255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-7,793	-7,793	-7,793	26,431	21,032	7,645	29,308	-11,099	-12,316	-3,206	14,059	-4,952	-16,669	13,853	4,076	1,721	-8,504	878	-8,440	-5,895	-3,923	19,261	-1,236	-20,172	-11,054	5,325	-13,786	-347	-2,610	6,000	0	-46,206	0	0	0	52,623	0	0	0	-3,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	65,178	66,877	1,192	62,387	79,893	74,958	69,482	73,693	73,693	69,482	65,482	62,955	62,955	60,277	60,268	56,404	56,404	53,203	52,853	54,157	54,157	52,764	53,493	51,310	51,310	55,014	52,389	51,776	51,776	49,194	48,117	43,663	43,663	39,058	0	155,862	155,862	0	109,600	87,500	87,500	77,300	89,100	89,100	84,500	96,000	96,000	0	66,700	30,303	30,303	32,965	40,784	38,191	38,191	34,278	38,923	28,882	28,882	37,586	36,919	34,295	34,295	37,718	39,468	40,973	40,973	38,182	36,844	38,076	36,844	36,855	36,559	34,879	34,879	30,782	28,477	26,929	24,200	21,500	4,214	4,419	4,419	4,500	5,200	4,710	5,000	5,400	5,564	5,779	6,161	6,136	5,816	7,804	6,743	6,600	6,700	6,600	6,800	6,300	12,300
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,378	0	0	4,378	2,563	0	0	1,570	1,570	0	0	0	1,570	0	0	0	0	0	0	0	0	170,478	170,478	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	260,664	314,816	318,195	304,934	340,759	390,369	211,503	210,930	210,930	211,503	215,755	211,683	211,683	207,704	258,793	355,561	355,561	417,636	405,158	385,091	385,091	464,446	486,880	445,961	445,961	480,407	483,603	355,284	355,284	362,833	311,062	205,575	205,575	155,348	142,503	187,167	187,167	195,116	192,221	147,700	147,700	102,900	145,300	145,300	196,100	203,000	203,000	178,200	159,600	100,375	100,375	87,599	84,730	81,795	81,795	51,708	38,097	34,905	34,905	38,209	19,833	44,536	44,536	42,600	20,723	39,710	39,710	61,746	7,337	17,570	7,337	11,719	23,459	27,664	27,664	21,877	19,115	11,346	12,400	4,300	12,277	7,857	7,857	33,700	40,300	17,017	19,600	21,000	11,765	21,634	10,262	14,269	13,651	15,986	10,505	5,000	8,900	11,500	7,300	2,000	2,500
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-23,343	301,162	18,579	-32,518	94,564	77,268	19,260	13,161	13,161	19,260	37,066	-48,340	-48,340	1,750	4,066	8,627	8,627	29,718	28,429	42,842	42,842	28,579	36,781	43,936	43,936	62,208	42,982	31,091	31,091	31,463	27,458	-3,358	-3,358	10,196	8,775	15,085	15,085	15,309	26,097	-6,400	-6,400	-33,100	-27,200	-27,200	-1,400	11,000	11,000	0	-20,200	2,850	2,850	4,148	13,017	19,433	19,433	-3,521	-1,762	-15,046	-15,046	-9,731	-12,562	-35,946	-35,946	-14,478	-22,091	-49,266	-49,266	-94,607	-24,967	-28,535	-24,967	-26,004	-17,912	-26,651	-26,651	-50,403	-70,851	-41,970	-65,400	-62,500	-62,783	-52,644	-52,644	-48,500	-41,500	-61,539	-101,800	-182,300	-30,332	23,545	-24,149	-7,205	-4,371	-1,620	-6,534	-4,700	-5,400	-2,700	-2,300	-7,200	-6,200
Investments	0	-419,577	34,233	-81,051	-188,609	129,257	-65,134	-29,611	-45,476	6,250	-17,055	-1,611	-63,534	-95,845	-55,967	-148,263	-131,234	-54,590	-70,826	-48,444	-108,590	-4,899	-15,488	-14,963	-80,643	-80,643	39,211	34,093	-17,101	0	0	0	-30,000	0	0	0	9,924	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	15,493	15,493	15,493	-11,465	-28,164	-8,211	-30,539	1,040	-29,211	-19,769	-29,375	-8,147	-26,355	-5,000	-24,197	-3,247	-5,606	-7,475	-3,074	-2,924	-43,078	3,809	-6,656	-50,255	-15,932	-5,655	-11,805	37,091	0	0	0	903	0	0	0	-42,197	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,847	337,737	-32,662	81,368	85,842	66,682	40,367	51,877	51,877	40,367	31,317	30,058	30,058	15,726	21,474	19,597	19,597	22,354	19,722	36,515	36,515	33,674	36,009	148,642	148,642	54,241	51,727	52,253	52,253	52,018	40,347	24,071	24,071	14,002	7,787	4,199	4,199	-21,944	-22,448	-29,800	-29,800	-22,900	-23,400	-23,400	-9,400	-16,700	-16,700	1,839	1,700	1,296	1,296	1,233	-8,652	-31,411	-31,411	-30,241	-31,163	-24,151	-24,151	-21,369	-31,295	-28,943	-28,943	-33,432	-34,430	-37,693	-37,693	39,467	-45,172	-45,056	-45,172	-55,350	-47,240	-23,333	-23,333	-39,412	-36,532	-38,491	-46,000	-37,100	-16,830	-13,584	-13,584	-14,500	-11,300	-12,014	-9,300	-12,400	-9,730	-7,102	350	-766	397	-3,970	-2,867	-4,700	-6,900	-6,000	-4,200	-4,900	-5,000
Other Cashflows From Financing Activities	-7	31,099	35,474	1,932	6,216	5,469	46	96,191	96,191	46	-73,239	1,026	1,026	272	1,127	1,402	1,402	43	-70,826	9	9	-43,057	3,835	3,278	3,278	-14,905	8,599	21,126	21,126	30,472	27,804	-1,570	-1,570	-40,626	2,575	24,654	24,654	2,508	3,011	-6,600	-36,400	-41,100	-34,500	-34,500	-3,100	225,356	225,356	0	-25,700	-120,021	-120,021	-43,629	-26,816	-19,300	-19,300	17,754	-350	11,074	11,074	26,000	-16,142	39,175	39,175	36,285	-19,495	2,880	2,880	144,212	32,829	24,317	32,829	13,360	2,409	9,085	9,085	36,000	30,000	-60,516	88,600	41,500	39,425	-1,000	-1,000	58,700	41,100	80,654	38,800	114,700	-1,000	17,936	36	231	50	301	79	-1,000	-200	100	100	-100	-200
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	0	-1,792	-1,792	-1,792	-1,792	-1,450	-1,450	-1,450	-1,450	-413	-413	-33,825	-6,726	-14,536	-14,536	-14,536	-14,536	2,921	-49,869	34,093	-5,118	2,921	0	29,600	0	2,921	0	0	0	9,924	0	0	0	0	0	0	0	0	0	33,292	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	107	657	526	0	145	321	0	0	3,655	0	0	988	31,934	23,243	11,800	1,809	22,213	10,337	859	960	5,735	0	603	0	22,757	0	0	0	21,408	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-22,639	3,023	3,064	-111	6,389	8,054	2,720	2,178	2,178	2,720	3,556	12,274	12,274	1,386	2,283	-2,588	-2,588	2,829	1,776	4,006	4,006	788	-6,375	3,027	3,027	-924	4,731	271	271	-2,273	-7,820	7,928	7,928	3,861	39,438	41,218	41,218	74,441	75,549	-23,200	8,600	-26,700	-5,500	-5,500	-11,600	-27,900	-27,900	0	-20,300	6,241	6,241	-30	-27	5,836	5,836	8,172	-7,140	-9,481	-9,481	-6,109	867	-4,422	-4,422	705	-1,007	69	69	2,212	705	-808	705	16	-3,433	-51,056	-51,056	20,014	491	-1,455	200	-1,000	-66	-45	-45	0	0	-14	-2,700	-1,600	-3,740	-297	632	-73	-85	-63	-198	-300	-200	-300	-300	-400	-2,100
Sale Purchase Of Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,127	87	1,402	43	397	397	14	0	0	700	3,300	13,700	14,300	12,756	10,600	22,000	300	72,162	72,162	0	-800	-19,000	-19,000	0	11,500	19,000	19,000	20,000	25,800	25,800	78,900	2,100	2,100	0	20,600	0	110,800	27,400	8,100	12,500	32,900	0	20,000	0	-1,400	21,400	0	0	-37,200	37,400	26,600	0	-38,100	159,300	0	0	0	0	0	0	0	0	0	700	16,400	0	0	0	0	0	-200	21,700	0	100	0	200	10,000	-9,700	11,100	1,200	-63	100	-400	-600	-2,400	-5,700	0
Stock Based Compensation	0	0	0	24,215	0	6,526	0	0	0	0	0	0	0	0	0	0	0	0	0	1,312	1,312	0	0	110,740	110,740	0	0	2,709	2,709	0	0	9,576	9,576	0	0	-137,048	-137,048	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-8,559	15,493	16,771	-26,864	-5,249	-22,695	-29,165	1,088	1,088	-29,165	-19,769	-7,121	-7,121	-26,083	-3,873	-1,845	-1,845	-5,563	-7,475	-2,915	-2,915	-43,057	3,835	-13,585	-13,585	-14,905	8,599	4,991	4,991	30,472	27,804	53,585	53,585	1,602	879	-23,034	-23,034	-12,413	-16,707	12,400	12,400	20,000	-8,700	-8,700	75,800	-113,500	-113,500	0	-5,100	107,907	107,907	-2,023	-12,001	11,102	11,102	17,754	-350	11,074	11,074	26,000	25,261	39,363	39,363	36,224	-2,235	23,562	23,562	144,212	32,829	24,317	32,829	13,360	0	0	141,891	36,000	29,761	76,130	105,000	41,500	39,425	64,087	64,087	58,700	40,900	82,582	38,800	114,800	22,233	93,920	125	497	11,117	1,510	106	100	-400	-500	-2,300	-5,800	-200
Total Cash From Operating Activities	119,712	402,242	2,767	72,727	132,750	122,402	106,974	133,656	133,656	106,974	93,250	73,010	73,010	68,612	66,603	71,561	71,561	72,735	72,156	91,496	91,496	69,471	76,929	85,285	85,285	103,916	84,294	81,835	81,835	86,410	81,781	54,779	54,779	50,822	47,225	41,654	41,654	52,497	53,101	33,100	33,100	9,200	25,300	25,300	49,900	71,900	71,900	0	36,100	24,864	24,864	48,567	40,104	29,300	29,300	2,773	3,566	1,624	1,624	3,651	3,601	3,712	3,712	3,561	3,861	2,035	2,035	-21,404	-18,340	-15,131	-18,340	-17,858	-13,457	-3,298	-3,298	932	-15,818	-16,716	-30,100	-22,200	-7,145	2,665	2,665	-2,100	6,500	-6,113	-5,200	-58,800	18,301	50,026	2,813	6,831	1,941	4,600	1,163	-2,900	-2,100	-200	1,500	-4,700	8,400
Total Cashflows From Investing Activities	0	-419,577	-419,577	-419,577	-188,609	84,123	-114,511	-110,451	-133,215	-81,464	-73,239	-51,026	-63,534	-95,845	-55,967	-148,263	-131,234	-54,590	-119,270	-48,444	-171,780	-45,791	-55,636	-55,010	-245,360	-91,577	-2,101	-45,466	-226,725	-67,447	-35,000	0	-195,489	0	0	0	17,297	0	41,645	0	-77,453	0	0	0	0	0	11,284	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,287	1,047	0	0	0	17,926	0	0	0	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
Cost Of Revenue	1,069,161	1,211,306	1,179,048	1,032,366	1,004,332	1,011,087	1,033,005	946,534	755,196	764,220	476,900	560,046	526,198	402,077	325,310	298,683	284,771	238,358	238,358	228,410	122,395	67,022	76,733	62,720	50,390	76,800	66,000	58,100	59,900	39,400
Depreciation And Amortization	258,021	273,520	275,475	242,796	214,474	210,439	208,411	197,606	168,032	243,362	164,824	173,585	162,679	143,023	143,404	138,808	154,343	144,852	144,852	121,067	54,611	18,821	26,643	25,917	26,643	2,800	23,600	17,600	8,400	3,500
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
Ebit	201,257	311,674	166,511	91,033	86,716	154,943	219,842	127,561	97,060	-163,532	-42,041	23,886	11,700	43,258	-81,816	-217,156	-99,404	-172,197	-172,197	-173,387	-104,267	-49,388	-56,825	23,653	-25,183	-29,500	16,900	5,100	19,900	10,600
Ebitda	459,278	585,194	441,986	333,829	301,190	365,382	428,253	325,167	265,092	79,830	122,783	197,471	174,379	186,281	61,588	-78,348	54,939	-27,345	-27,345	-52,320	-49,656	-30,567	-30,182	49,570	1,460	-26,700	40,500	22,700	28,300	14,100
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	13,000	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	353,519	466,308	329,118	233,318	229,671	292,947	354,305	303,100	205,365	63,788	28,109	78,785	84,825	107,185	-26,498	-47,024	-53,918	-136,367	-136,367	-102,355	-61,027	-15,221	-24,361	42,055	19,425	-7,200	59,900	39,800	39,700	18,300
Income Before Tax	584,842	291,973	155,099	88,688	91,021	139,317	201,768	210,598	-41,405	-26,114	-117,048	-62,943	2,832	-29,537	-125,481	-105,860	-99,220	-167,431	-167,431	-108,023	-104,435	-51,402	-38,522	-3,489	-22,872	-21,200	23,200	12,300	25,600	10,000
Income Tax Expense	65,312	25,502	1,024	5,399	2,948	5,938	-99,888	1,432	-12,278	-24,742	-9,388	7,326	21,362	12,830	-5,022	575	34,884	33,268	33,268	-2,937	9,910	2,059	-9,884	500	-2,405	-5,700	4,000	2,300	5,200	2,200
Interest Expense	8,260	19,701	9,085	9,800	6,823	10,610	8,473	14,595	14,973	47,033	54,979	44,573	40,302	72,925	45,710	17,566	92	2,383	2,383	32,682	84	2,059	9,884	25,001	2,294	2,800	3,200	2,600	2,200	800
Interest Income	0	13,596	5,368	8,484	12,949	10,762	14,814	21,461	121,315	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-5,682	-1,902	-4,063	-2,910	-7,824	-6,761	-6,354	-7,418	-11,757	-9,418	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	518,494	264,569	150,012	82,302	90,048	135,579	298,011	203,924	-29,647	4,263	-107,660	-70,269	-18,530	-42,367	-120,459	-106,435	-134,196	-203,082	-203,082	-137,768	-114,261	-51,402	-38,522	-3,989	-20,467	-15,500	19,200	10,000	20,400	7,800
Net Income Applicable To Common Shares	0	264,569	150,012	82,302	90,048	135,579	298,011	203,924	-29,647	4,263	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	553,653	266,471	154,075	83,289	88,073	133,379	301,656	209,166	-29,127	-1,372	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	41,758	-19,701	-11,412	-2,345	4,279	-3,521	-8,473	-14,595	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
Non Recurring	0	0	0	0	0	0	0	-627	-991	56,729	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	201,257	311,674	166,511	91,033	86,716	154,943	219,842	175,154	81,894	-103,565	-55,335	-2,510	10,207	43,323	-81,816	-218,074	-99,312	-169,814	-169,814	-140,705	-104,351	-49,343	-48,406	-4,405	-25,166	-24,000	20,000	9,700	23,400	10,800
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
Other Operating Expenses	1,221,423	1,375,499	1,341,655	1,174,651	1,147,287	1,149,091	1,167,468	1,075,107	879,658	874,844	552,880	635,552	599,323	465,939	380,628	469,733	330,165	271,805	271,805	266,760	165,719	101,144	100,778	83,263	94,981	93,600	105,900	88,200	76,200	46,900
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
Reconciled Depreciation	272,736	292,638	270,710	240,531	214,474	214,391	208,411	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	79,808	83,911	85,386	78,320	75,579	73,053	67,664	63,134	61,669	51,841	33,064	31,093	24,886	23,876	23,375	14,969	13,790	16,029	16,029	17,053	20,709	17,031	9,556	8,965	9,238	8,100	7,300	4,100	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	72,933	80,282	77,221	63,965	67,376	64,951	66,799	65,439	62,793	58,800	42,900	44,400	48,200	40,000	31,900	33,200	31,600	24,500	17,400	21,300	22,600	17,100	14,500	11,600	8,700	8,700	8,600	7,000	0	0
Tax Provision	68,017	25,502	1,024	5,399	2,948	5,938	-99,888	1,432	-12,278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	152,262	164,193	162,607	142,285	142,955	138,004	134,463	128,573	124,462	110,624	75,980	75,506	73,125	63,862	55,318	171,050	45,394	33,447	33,447	38,350	43,324	34,122	24,045	20,543	44,591	16,800	39,900	30,100	16,300	7,500
Total Other Income Expense Net	383,585	-19,701	-11,412	-2,345	4,305	-15,626	-2,627	50,666	-107,335	67,755	-14,198	-21,649	31,434	65	2,045	-918	92	2,383	2,383	32,682	-84	45	8,419	-2,141	17	2,700	3,100	4,600	3,500	200
Total Revenue	1,422,680	1,677,614	1,508,166	1,265,684	1,234,003	1,304,034	1,387,310	1,249,634	960,561	828,008	505,009	638,831	611,023	509,262	298,812	251,659	230,853	101,991	101,991	126,055	61,368	51,801	52,372	104,775	69,815	69,600	125,900	97,900	99,600	57,700

	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
Cost Of Revenue	267,294	271,299	270,674	259,894	278,501	302,576	313,728	311,935	311,935	301,330	288,383	275,602	275,602	256,751	252,385	250,878	250,878	253,841	252,657	257,957	257,957	249,975	256,610	268,256	268,256	265,439	253,998	252,648	252,648	244,915	232,275	190,072	190,072	188,798	183,101	197,197	197,197	211,273	227,347	125,630	125,600	128,184	113,014	139,017	139,017	135,465	140,299	157,010	157,010	159,780	110,476	101,720	101,720	98,887	103,996	94,062	94,062	84,915	71,193	88,240	88,240	71,136	71,052	73,641	73,641	68,252	71,384	72,724	72,724	68,244	58,760	61,280	58,760	57,130	61,254	66,168	66,168	57,843	54,250	50,149	46,579	38,548	19,334	17,066	17,066	21,078	15,246	13,394	17,930	16,645	19,316	22,842	16,576	16,937	15,654	13,553	14,490	12,200	11,800	12,000	18,900	17,900	17,800	22,200	22,700	24,700	21,100	21,100	16,000	17,100	22,400	20,200	-	-	-	-	-	-	-	-
Depreciation And Amortization	62,204	66,877	1,192	62,387	66,301	78,991	69,482	73,693	73,693	69,482	65,482	62,955	62,955	60,277	60,268	56,404	56,404	53,203	52,853	54,157	54,157	52,764	53,493	51,310	51,310	55,014	52,389	51,776	51,776	49,194	48,117	43,663	43,663	39,058	-22,135	-53,506	-53,506	-26,882	-20,173	-33,214	87,500	-36,301	-32,835	-32,444	-32,444	-7,920	-1,019	-29,057	-29,057	16,768	10,113	30,303	30,303	32,965	40,784	38,191	38,191	34,278	38,923	28,882	28,882	37,586	36,919	34,295	34,295	37,718	39,468	40,973	40,973	38,182	36,844	38,076	36,844	36,855	36,559	34,879	34,879	30,782	28,477	26,929	-5,530	-4,417	4,214	4,419	4,419	-1,300	-389	4,710	2,442	1,675	5,564	5,779	6,161	6,136	5,816	7,804	6,743	6,600	6,700	6,600	72,700	-20,100	-19,600	-24,600	79,300	-29,500	-25,900	-24,700	67,600	-18,900	-25,500	-23,000	53,800	-20,400	-19,300	-17,100	32,800	-13,000	-11,400	-11,400
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	45,167	-264,846	48,827	26,102	85,140	79,208	70,674	-17,830	-17,830	44,165	34,003	-29,576	-29,576	19,089	22,127	-37,506	-37,506	22,719	17,757	40,239	40,239	38,559	44,240	54,486	54,486	55,202	57,391	3,426	3,426	48,960	30,020	-11,306	-11,306	24,055	43,641	41,467	41,467	9,830	-14,771	23,242	-11,800	21,483	26,719	22,927	22,927	7,407	12,080	57,645	57,645	-35,407	2,713	21,002	21,002	17,811	4,341	-10,487	-10,487	-21,131	-63,112	96,014	96,014	-153,906	-23,282	-24,254	-24,254	-22,737	-25,032	-107,573	-107,573	-68,590	-34,679	-34,634	-34,679	-45,534	-44,453	-79,643	-79,643	-31,873	-29,835	-32,036	-34,938	-28,099	-16,433	-13,625	-13,625	-11,913	-10,275	-11,365	-25,594	-13,988	-15,119	-6,241	27,548	313	179	-4,387	-1,483	-5,400	-8,500	-9,800	-149,600	35,300	34,200	47,800	-154,200	64,500	56,700	53,800	-134,000	38,500	54,000	51,100	-101,200	46,500	43,200	37,900	-62,600	28,000	24,200	24,200
Ebitda	107,371	-197,969	50,019	88,489	151,441	158,199	140,156	55,863	55,863	113,647	99,485	33,379	33,379	79,366	82,395	18,898	18,898	75,922	70,610	94,396	94,396	91,323	97,733	105,796	105,796	110,216	109,780	55,202	55,202	98,154	78,137	32,357	32,357	63,113	21,506	-12,039	-12,039	-17,052	-34,944	-9,972	75,700	-14,818	-6,116	-9,517	-9,517	-513	11,061	28,588	28,588	-18,639	12,826	51,305	51,305	50,776	45,125	27,704	27,704	13,147	-24,189	124,896	124,896	-116,320	13,637	10,041	10,041	14,981	14,436	-66,600	-66,600	-30,408	2,165	3,442	2,165	-8,679	-7,894	-44,764	-44,764	-1,091	-1,358	-5,107	-40,468	-32,516	-12,219	-9,206	-9,206	-13,213	-10,664	-6,655	-23,152	-12,313	-9,555	-462	33,709	6,449	5,995	3,417	5,260	1,200	-1,800	-3,200	-76,900	15,200	14,600	23,200	-74,900	35,000	30,800	29,100	-66,400	19,600	28,500	28,100	-47,400	26,100	23,900	20,800	-29,800	15,000	12,800	12,800
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	84,417	86,868	86,517	95,717	124,726	124,511	112,440	100,173	100,173	85,376	73,755	69,609	69,609	53,461	57,705	54,832	54,832	58,281	53,407	75,633	75,633	72,621	78,528	89,358	89,358	89,118	91,061	87,731	87,731	81,294	72,728	64,530	64,530	55,383	52,460	38,092	38,092	14,721	6,725	8,941	8,900	4,371	12,222	8,570	8,570	19,129	28,338	17,574	17,574	16,332	29,231	33,400	33,400	35,791	21,672	6,554	6,554	-5,345	-10,626	-10,787	-10,787	-12,609	-12,980	-12,023	-12,023	-11,683	-14,322	-17,219	-17,219	-16,741	-27,697	-25,405	-27,697	-36,577	-34,046	-36,103	-36,103	-22,752	-20,598	-22,902	-26,756	-22,474	-6,455	-1,494	-1,494	-4,891	-3,624	-4,974	-9,097	-6,732	-6,772	-1,760	12,666	10,673	9,962	8,754	8,025	6,000	3,000	2,300	16,700	15,200	14,600	23,200	31,000	35,000	30,800	29,100	21,800	19,600	28,500	28,100	28,800	26,100	23,900	20,800	17,100	15,000	12,800	12,800
Income Before Tax	61,849	372,131	54,453	96,409	98,677	69,857	62,512	55,491	55,491	41,451	33,519	31,881	31,881	18,524	23,958	21,956	21,956	22,293	18,704	36,332	36,332	36,062	38,787	47,406	47,406	50,907	54,410	53,239	53,239	48,559	44,173	19,292	19,292	14,929	10,618	3,459	3,459	-31,926	-34,014	-31,550	-31,600	-35,067	-24,299	-25,700	-25,700	-16,506	-4,456	-15,121	-15,121	10,775	10,947	4,267	4,267	4,899	-5,118	-29,283	-29,283	-34,481	-32,567	-25,884	-25,884	-139,964	-23,484	-24,216	-24,216	-34,600	-25,024	-27,243	-36,300	91,564	-34,949	-33,532	-34,949	-45,450	-39,887	-14,495	-14,495	-31,845	-29,723	-31,960	-40,462	-32,822	-16,315	-13,584	-13,584	-14,513	-11,140	-12,000	-9,271	-12,419	-14,311	-9,527	350	-266	19	-4,000	-2,872	-4,600	-7,500	-7,800	-6,000	-6,500	-6,600	-2,100	5,100	6,700	6,100	5,300	1,400	800	3,700	6,300	-	-	-	-	-	-	-	-
Income Tax Expense	10,130	34,394	5,747	15,041	12,835	3,175	4,339	3,614	3,614	1,084	2,202	1,823	1,823	2,798	2,484	2,360	2,360	-61	-1,018	-183	-183	2,388	2,778	-101,236	-101,236	-3,334	2,683	986	986	-3,459	3,826	-4,779	-4,779	927	2,468	-740	-740	-9,982	-11,566	-1,704	-1,700	-3,291	-1,412	-2,311	-2,311	1,653	4,948	1,580	1,580	8,936	9,288	2,971	2,971	3,666	3,534	2,128	2,128	-4,240	-1,633	-1,953	-1,953	-125,826	7,912	4,708	4,708	10,695	9,402	10,191	10,191	-27,980	10,358	10,973	10,358	9,858	5,070	-23,736	-23,736	7,553	6,753	6,493	5,530	4,417	456	-41	-41	1,300	389	649	-2,442	-1,675	-4,985	-782	25,692	500	-218	-417	-5	-300	-600	-1,800	-72,700	20,100	19,600	24,600	-79,300	29,500	25,900	24,700	-67,600	18,900	25,500	23,000	-53,800	20,400	19,300	17,100	-32,800	13,000	11,400	11,400
Interest Expense	0	0	0	60,341	55	9,351	8,162	372	372	2,714	484	1,498	1,498	565	1,831	3,058	3,058	426	947	3,907	3,907	2,497	7,031	4,053	4,053	4,042	3,123	8,739	8,739	5,482	10,525	15,117	15,117	8,879	10,884	24,973	24,973	14,516	21,094	13,502	8,200	17,918	16,518	16,261	16,261	8,073	8,709	16,938	16,938	1,374	10,499	16,709	16,709	12,966	9,459	18,678	18,678	16,758	9,296	220	220	7,231	101	19	19	10,695	4	69	10,191	80,077	135	551	135	42	2,283	32,574	32,574	14	56	38	3	153	59	41	41	1,300	238	0	2,442	1,675	404	1,643	25,692	579	160	0	394	400	500	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,831	2,113	1,235	426	947	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,318	2,484	-9,966	-2,518	2,453	-96	-1,741	-138	-1,282	-4,931	-4,931	-2,910	-2,910	-5,865	-5,865	-7,824	-7,824	-6,265	-6,265	-6,761	-6,761	-5,778	-5,778	1,431	-1,674	1,710	1,537	3,972	805	1,861	0	1,992	451	363	0	3,575	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,847	342,055	51,190	71,402	83,324	69,135	58,077	51,739	51,739	39,085	30,866	31,032	31,032	15,198	19,052	20,707	20,707	22,188	20,936	38,073	38,073	33,646	37,742	147,211	147,211	55,274	50,017	48,281	48,281	51,213	38,486	22,079	22,079	13,551	7,787	624	624	-19,436	-15,746	-29,846	-29,800	-31,776	-22,887	-23,389	-23,389	-18,159	-9,404	-16,701	-16,701	1,839	1,659	1,296	1,296	1,233	-8,652	-31,411	-31,411	-30,241	-30,934	-24,151	-24,151	-21,369	-31,295	-28,943	-28,943	-33,432	-34,430	-37,693	-37,693	39,467	-45,172	-45,056	-45,172	-55,350	-47,240	-23,333	-23,333	-39,412	-36,532	-38,491	-45,995	-37,086	-16,830	-13,584	-13,584	-14,513	-11,291	-12,014	-9,271	-12,419	-9,730	-7,102	350	-766	397	-3,970	-2,867	-4,700	-6,900	-6,000	-4,200	-4,900	-5,000	-1,400	4,400	5,500	4,900	4,400	1,200	700	3,000	5,100	6,400	5,700	4,600	3,700	3,000	2,000	1,400	1,400
Net Income Applicable To Common Shares	0	342,055	342,055	342,055	83,324	69,135	58,077	54,033	51,739	39,085	30,866	28,322	31,032	15,198	19,052	17,020	20,707	22,188	20,936	26,216	38,073	33,646	37,742	26,118	147,211	55,274	50,017	45,509	48,281	51,213	38,486	65,944	22,079	13,551	7,787	0	624	0	-38,821	38,821	0	0	0	0	0	0	0	0	-1,839	1,839	1,743	0	1,296	1,233	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-39,467	39,467	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	350	-397	397	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	0	337,737	48,706	81,368	85,842	66,682	58,173	55,774	51,877	40,367	31,317	30,514	30,058	15,726	21,474	16,031	19,596	22,354	19,722	26,400	36,515	33,674	36,009	27,181	303,823	40,198	-89,411	47,046	209,166	0	0	0	-29,127	0	0	0	-1,372	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	9,975	3,924	6,997	-55	-9,351	-8,162	-2,133	-372	-2,714	-484	-7,842	-1,498	-565	1,831	-2,113	3,058	-426	947	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-627	0	0	0	-991	0	0	0	56,729	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	45,167	362,156	50,529	26,102	85,140	79,208	70,674	55,863	55,863	44,165	34,003	33,379	33,379	19,089	22,127	18,898	18,898	22,719	17,757	40,239	40,239	38,559	44,240	54,486	54,486	55,202	57,391	55,202	55,202	48,960	40,178	34,339	34,339	24,055	21,506	28,417	28,417	-17,052	-28,233	-11,838	-11,800	-16,684	-7,982	-9,517	-9,517	-513	5,272	-3,002	-3,002	-4,619	11,333	20,989	20,989	17,838	4,341	-10,487	-10,487	-19,427	-23,730	-26,104	-26,104	-147,195	-23,383	-24,235	-24,235	-22,737	-25,028	-27,502	-27,502	11,487	-34,814	-34,083	-34,814	-45,492	-42,170	-47,069	-47,069	-31,859	-29,779	-31,998	-40,465	-32,669	-16,374	-13,625	-13,625	-13,213	-10,902	-11,365	-11,713	-14,094	-14,715	-7,884	125	-162	19	-4,387	-3,266	-5,000	-8,000	-8,800	-76,900	15,200	14,600	23,200	-74,900	35,000	30,800	29,100	-66,400	19,600	28,500	28,100	-47,400	26,100	23,900	20,800	-29,800	15,000	12,800	12,800
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	306,544	309,512	307,513	297,854	318,087	343,846	355,494	356,245	356,245	342,541	328,135	311,832	311,832	291,123	287,963	286,812	286,812	289,403	288,307	293,351	293,351	284,037	290,898	303,128	303,128	299,355	287,668	285,177	285,177	277,249	264,825	221,254	221,254	220,126	214,055	227,100	227,100	243,046	258,036	144,543	146,400	147,373	131,352	157,104	157,104	155,107	157,576	177,586	177,586	180,731	126,881	114,131	114,131	116,840	121,327	111,103	111,103	98,997	84,297	18,781	18,781	205,202	81,455	85,853	85,853	79,306	82,090	163,078	163,078	40,016	65,877	69,958	65,877	66,045	69,378	77,134	77,134	66,950	63,431	59,245	60,288	48,743	29,253	29,197	29,197	29,400	22,524	19,785	20,546	24,007	27,259	28,966	3,200	27,772	25,597	26,694	25,781	23,200	22,800	23,100	93,600	22,000	22,000	26,300	105,900	29,500	25,000	24,300	88,200	19,500	25,400	22,900	76,200	-	-	-	46,900	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	0	66,877	1,192	62,387	79,893	74,958	67,007	70,780	73,693	69,482	65,482	62,053	62,955	60,277	60,268	56,796	56,404	53,203	52,853	52,014	54,157	52,764	53,493	53,977	51,310	55,014	52,389	49,698	51,776	49,194	48,117	48,544	43,663	39,058	0	0	94,300	0	109,600	87,500	87,500	-	77,300	0	89,100	-	84,500	0	96,000	0	66,700	0	30,303	32,965	40,784	38,971	38,191	34,278	38,923	32,012	28,882	37,586	36,919	35,421	34,295	37,718	39,468	42,862	40,973	38,182	37,563	38,076	36,844	36,855	36,559	34,594	34,879	30,782	28,477	26,929	24,200	21,500	4,214	4,664	4,419	4,500	5,200	4,710	5,000	5,400	5,564	5,779	6,161	6,136	5,816	7,804	6,743	6,600	6,700	6,600	6,800	6,300	12,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	20,849	20,176	19,452	19,331	20,706	22,406	20,481	22,371	22,371	21,591	21,081	19,913	19,913	19,569	19,424	18,877	18,877	18,722	18,812	18,378	18,378	18,236	18,173	18,370	18,370	17,094	16,432	16,320	16,320	15,547	16,030	15,704	15,704	15,980	15,148	14,378	14,378	15,858	14,162	7,989	8,000	8,184	7,396	7,332	7,332	8,179	7,582	7,279	7,279	6,526	5,457	4,626	4,626	6,893	6,503	7,011	7,011	6,057	5,951	5,279	5,279	3,500	3,214	3,537	3,537	3,301	3,355	3,877	3,877	4,179	3,180	3,354	3,180	4,200	3,886	5,845	5,845	3,952	3,751	3,505	8,158	3,895	4,799	6,847	6,847	3,642	3,570	2,972	2,713	2,419	2,406	2,018	2,146	2,090	1,998	2,731	2,238	2,100	2,500	2,300	2,000	1,900	2,100	2,100	1,700	2,300	1,900	1,300	1,600	1,000	800	700	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	18,037	17,387	18,629	18,880	18,864	21,285	21,253	21,939	19,620	18,671	16,991	16,317	14,803	16,154	16,691	17,057	16,840	16,838	16,641	17,016	15,800	16,100	16,000	16,500	16,800	17,200	16,200	16,200	16,800	16,500	15,900	15,500	15,300	15,800	16,200	15,500	15,900	16,500	10,800	10,900	11,000	10,900	10,000	10,800	11,500	9,700	12,500	13,300	14,400	10,900	9,600	7,800	11,100	10,800	10,300	10,000	8,000	7,200	6,700	10,500	7,700	7,200	7,800	7,900	8,000	7,600	8,100	6,700	7,600	5,700	5,800	3,900	4,700	4,200	4,500	5,100	5,200	5,400	5,600	5,600	6,300	5,100	5,600	5,300	4,700	3,700	3,400	100	4,900	5,500	4,100	3,400	3,200	2,400	2,600	2,300	2,300	1,800	2,200	2,500	2,300	2,100	1,900	2,200	2,500	2,000	1,900	1,500	1,400	2,200	2,000	-	-	-	-	-	-	-	-
Tax Provision	0	34,394	5,747	15,041	12,835	3,175	4,339	5,153	3,614	1,084	2,202	-5,876	1,823	2,798	2,484	-1,706	2,360	-61	-1,018	1,667	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	39,250	38,213	36,839	37,960	39,586	41,270	41,766	44,310	44,310	41,211	39,752	36,230	36,230	34,372	35,578	35,934	35,934	35,562	35,650	35,394	35,394	34,062	34,288	34,872	34,872	33,916	33,670	32,529	32,529	32,334	32,550	31,182	31,182	31,328	30,954	29,903	29,903	31,773	30,689	18,913	18,913	19,189	18,338	18,087	18,087	19,642	17,277	20,576	20,576	20,951	16,405	12,411	12,411	17,953	17,331	17,041	17,041	14,082	13,104	-107,021	-107,021	134,066	10,403	12,212	12,212	11,054	10,706	90,354	90,354	-28,228	7,117	8,678	7,117	8,915	8,124	10,966	10,966	9,107	9,181	9,096	13,709	10,195	9,919	12,131	12,131	8,322	7,278	6,391	2,616	7,362	7,943	6,124	-13,376	10,835	9,943	13,141	11,291	11,000	11,000	11,100	-93,600	4,100	4,200	4,100	-105,900	4,800	3,900	3,200	-88,200	2,400	3,000	2,700	-76,200	-	-	-	-46,900	-	-	-
Total Other Income Expense Net	16,682	313,501	851	70,307	13,537	-9,351	-8,162	-372	-372	-2,714	-484	-1,498	-1,498	-565	1,831	3,058	3,058	-426	947	-3,907	-3,907	-2,497	1,578	-3,027	-3,027	-253	142	-948	-948	5,081	14,520	1,061	1,061	-247	-4	20,243	20,243	-358	11,044	-2,246	-11,500	-2,331	-1,665	78	78	-7,920	-6,808	4,819	4,819	14,020	8,620	-13	-13	27	-9,459	-118	-118	1,704	459	220	220	7,231	-101	19	19	-11,863	4	69	-8,798	80,077	-135	551	-135	42	2,283	32,574	32,574	14	56	38	3	-153	59	41	41	-1,300	-238	-635	11,439	-1,781	404	-1,643	-1,506	-475	-160	387	-1,783	400	500	1,000	70,900	-21,700	-21,200	-25,300	80,000	-28,300	-24,700	-23,800	67,800	-18,800	-24,800	-21,800	-	-	-	-	-	-	-	-
Total Revenue	351,711	358,167	357,191	355,611	403,227	427,087	426,168	412,108	412,108	386,706	362,138	345,211	345,211	310,212	310,090	305,710	305,710	312,122	306,064	333,590	333,590	322,596	335,138	357,614	357,614	354,557	345,059	340,379	340,379	326,209	305,003	254,602	254,602	244,181	235,561	235,289	235,289	225,994	234,072	134,571	134,600	132,555	125,236	147,587	147,587	154,594	168,637	174,584	174,584	176,112	139,707	135,120	135,120	134,678	125,668	100,616	100,616	79,570	60,567	77,453	77,453	58,527	58,072	61,618	61,618	56,569	57,062	55,505	55,505	51,503	31,063	35,875	31,063	20,553	27,208	30,065	30,065	35,091	33,652	27,247	19,823	16,074	12,879	15,572	15,572	16,187	11,622	8,420	8,833	9,913	12,544	21,082	29,242	27,610	25,616	22,307	22,515	18,200	14,800	14,300	16,700	15,200	14,600	23,200	31,000	35,000	30,800	29,100	21,800	19,600	28,500	28,100	28,800	26,100	23,900	20,800	17,100	15,000	12,800	12,800

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

Gross Profit (+$)
totalRevenue	1,422,680
Cost of Revenue	-1,069,161
Gross Profit	353,519	353,519

Operating Income (+$)
Gross Profit	353,519
Operating Expense	-152,262
Operating Income	201,257	201,257

Operating Expense (+$)
Research Development	79,808
Selling General Administrative	72,933
Selling And Marketing Expenses	0
Operating Expense	152,262	152,741

Net Interest Income (+$)
Interest Income	0
Interest Expense	-8,260
Other Finance Cost	-50,018
Net Interest Income	41,758

Pretax Income (+$)
Operating Income	201,257
Net Interest Income	41,758
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	584,842	-182,328 EBIT - interestExpense = 192,997 583,806 526,754
Interest Expense	8,260
Earnings Before Interest and Taxes (EBIT)	201,257	593,102
Earnings Before Interest and Taxes (EBITDA)	459,278

After tax Income (+$)
Income Before Tax	584,842
Tax Provision	-68,017
Net Income From Continuing Ops	553,653	516,825
Net Income	518,494
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,221,423
Total Other Income/Expenses Net	383,585	-41,758

Technical Analysis of Tower Semiconductor Ltd
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 Tower Semiconductor Ltd. The general trend of Tower Semiconductor Ltd is BULLISH with 42.9% 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 Tower Semiconductor Ltd'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 (42.9%)		Bearish trend (-42.9%)
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 Tower Semiconductor Ltd.

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

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

The bullish price targets are: 34.59 < 34.74 < 34.74.

The bearish price targets are: 30.98 > 30.83 > 30.74.

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Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-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 down: The MA 200 is trending down. -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.

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current macd is -0.18412067.

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current adx is 17.20.

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 Tower Semiconductor Ltd 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.

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current sar is 34.09.

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current rsi is 40.84. The current phase is Correction in bull market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current phase is Oversold in bull market.

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

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current cci is -158.30343347.

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

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current cmo is -27.41984921.

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current willr is -89.35064935.

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

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

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd.

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current atr is 1.04480421.

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current obv is -22,586,281.

Tower Semiconductor Ltd 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 Tower Semiconductor Ltd. The current mfi is 41.86.

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

Tower Semiconductor Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Tower Semiconductor Ltd.

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

6.3. Candlestick Patterns

Tower Semiconductor Ltd Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Tower Semiconductor Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.845
Ma 20	Greater than	Ma 50	32.753
Ma 50	Greater than	Ma 100	32.389
Ma 100	Greater than	Ma 200	30.829
Open	Greater than	Close	31.700
Total			4/5 (80.0%)

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Quick analysis of Tower Semiconductor Ltd (30 sec.)

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

How much money do you get?

What is your share worth?

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1. Valuation of Tower Semiconductor Ltd (5 min.)

$31.15

$21.80

$5.09 - $25.33

$26.89 - $47.13

2. Growth of Tower Semiconductor Ltd (5 min.)

Is Tower Semiconductor Ltd growing?

How much money is Tower Semiconductor Ltd making?

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

3. Financial Health of Tower Semiconductor Ltd (5 min.)

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

Industry Rankings (Semiconductors)

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

What can you expect buying and holding a share of Tower Semiconductor Ltd?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Tower Semiconductor Ltd

About Tower Semiconductor Ltd

Financial Health

Valuation

1.1. Profitability of Tower Semiconductor Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Semiconductors)

1.1.2. Return on Assets

Trends

Compared to industry (Semiconductors)

1.1.3. Return on Equity

Trends

Compared to industry (Semiconductors)

1.2. Operating Efficiency of Tower Semiconductor Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Semiconductors)

1.2.2. Operating Ratio

Trends

Compared to industry (Semiconductors)

1.3. Liquidity of Tower Semiconductor Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Semiconductors)

1.3.2. Quick Ratio

Trends

Compared to industry (Semiconductors)

1.4. Solvency of Tower Semiconductor Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Semiconductors)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Semiconductors)

2. Market Valuation of Tower Semiconductor Ltd

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Semiconductors)

Tower Semiconductor Ltd
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