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UPM-Kymmene Oyj
Buy, Hold or Sell?

Let's analyze Upm together

I guess you are interested in UPM-Kymmene Oyj. 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 UPM-Kymmene Oyj. 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.

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Quick analysis of Upm (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨2.45
When do you have the money?
1 year
How often do you get paid?
87.5%

What is your share worth?

Current worth
‚ā¨22.14
Expected worth in 1 year
‚ā¨20.11
How sure are you?
97.5%

+ What do you gain per year?

Total Gains per Share
‚ā¨0.22
Return On Investment
0.7%

For what price can you sell your share?

Current Price per Share
‚ā¨31.56
Expected price per share
‚ā¨28.23 - ‚ā¨35.40
How sure are you?
50%
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1. Valuation of Upm (5 min.)




Live pricePrice per Share (EOD)

‚ā¨31.56

Intrinsic Value Per Share

‚ā¨1.00 - ‚ā¨28.62

Total Value Per Share

‚ā¨23.14 - ‚ā¨50.75

2. Growth of Upm (5 min.)




Is Upm growing?

Current yearPrevious yearGrowGrow %
How rich?$12.8b$13.4b-$792.6m-6.3%

How much money is Upm making?

Current yearPrevious yearGrowGrow %
Making money$132m$427.6m-$295.6m-224.0%
Net Profit Margin4.7%12.7%--

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

3. Financial Health of Upm (5 min.)




4. Comparing to competitors in the Paper & Paper Products industry (5 min.)




  Industry Rankings (Paper & Paper Products)  


Richest
#1 / 120

Most Revenue
#4 / 120

Most Profit
#6 / 120
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What can you expect buying and holding a share of Upm? (5 min.)

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

What can you expect buying and holding a share of Upm?

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

Speculation

The Price per Share of Upm is ‚ā¨31.56. 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 Upm.
  • 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 Upm, 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 ‚ā¨22.14. Based on the TTM, the Book Value Change Per Share is ‚ā¨-0.51 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.87 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 ‚ā¨0.56 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Upm.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.561.8%0.250.8%0.802.5%0.491.6%0.501.6%
Usd Book Value Change Per Share0.561.8%-0.55-1.8%0.953.0%0.180.6%0.220.7%
Usd Dividend Per Share0.000.0%0.611.9%1.063.4%1.043.3%0.973.1%
Usd Total Gains Per Share0.561.8%0.060.2%2.016.4%1.223.9%1.193.8%
Usd Price Per Share33.68-34.00-34.77-32.58-27.61-
Price to Earnings Ratio15.13--19.10-13.39-11.16-16.90-
Price-to-Total Gains Ratio59.65-51.90-468.79-124.34-82.49-
Price to Book Ratio1.39-1.43-1.38-1.49-1.41-
Price-to-Total Gains Ratio59.65-51.90-468.79-124.34-82.49-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share34.43196
Number of shares29
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.611.04
Usd Book Value Change Per Share-0.550.18
Usd Total Gains Per Share0.061.22
Gains per Quarter (29 shares)1.7635.49
Gains per Year (29 shares)7.06141.95
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
171-64-312121132
2142-128424242274
3214-1921136362416
4285-2571848583558
5356-32125606104700
6427-38532727125842
7498-44939848146984
8570-513469691671126
9641-5775310901871268
10712-6416012112081410

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%39.01.00.097.5%86.010.00.089.6%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%13.07.00.065.0%26.013.01.065.0%60.035.01.062.5%
Dividend per Share4.00.00.0100.0%11.00.01.091.7%17.00.03.085.0%35.00.05.087.5%78.00.018.081.3%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%39.01.00.097.5%80.016.00.083.3%
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Fundamentals of Upm

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry. It is also involved in the generation of electricity through hydro, thermal, and nuclear power plants. In addition, the company offers self-adhesive label materials for branding and promotion, information, and functional labeling in the food, beverage, personal care, pharmaceutical, and logistics segments; and specialty packaging materials, such as label papers, release liners, office papers, and flexible packaging for labeling, packing, commercial siliconizing, and printing, as well as graphic papers for advertising, publishing, and home and office use. Further, it provides plywood and veneer products for construction, vehicle flooring, liquefied natural gas shipbuilding, and parquet manufacturing, as well as for other industrial applications; wood and wood-based biomass, and forestry services for forest investors and owners; wood-based biomedical products, such as nano-fibrillar cellulose for clinical and life science applications; wood-based lignin products for industrial use; and UPM ProFi decking products and UPM formi granules. Additionally, the company offers financial portfolio management services. UPM-Kymmene Oyj was founded in 1871 and is headquartered in Helsinki, Finland.

Fundamental data was last updated by Penke on 2024-07-02 04:44:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared 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 yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is underpriced.
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1.1. Profitability of UPM-Kymmene Oyj.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Upm earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • A Net Profit Margin of 10.3%¬†means that¬†€0.10 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of UPM-Kymmene Oyj:

  • The MRQ is 10.3%. The company is making a huge profit. +2
  • The TTM is 4.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ10.3%TTM4.7%+5.6%
TTM4.7%YOY12.7%-8.0%
TTM4.7%5Y9.1%-4.5%
5Y9.1%10Y9.4%-0.2%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ10.3%3.4%+6.9%
TTM4.7%3.1%+1.6%
YOY12.7%6.2%+6.5%
5Y9.1%4.3%+4.8%
10Y9.4%4.7%+4.7%
1.1.2. Return on Assets

Shows how efficient Upm is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • 1.5% Return on Assets means that¬†Upm generated¬†€0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of UPM-Kymmene Oyj:

  • The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.5%TTM0.7%+0.8%
TTM0.7%YOY1.8%-1.2%
TTM0.7%5Y1.4%-0.7%
5Y1.4%10Y1.6%-0.2%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%0.5%+1.0%
TTM0.7%0.5%+0.2%
YOY1.8%1.7%+0.1%
5Y1.4%1.1%+0.3%
10Y1.6%1.1%+0.5%
1.1.3. Return on Equity

Shows how efficient Upm is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • 2.4% Return on Equity means Upm generated €0.02¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of UPM-Kymmene Oyj:

  • The MRQ is 2.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.4%TTM1.1%+1.3%
TTM1.1%YOY3.3%-2.2%
TTM1.1%5Y2.3%-1.2%
5Y2.3%10Y2.6%-0.3%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4%1.3%+1.1%
TTM1.1%1.1%0.0%
YOY3.3%2.8%+0.5%
5Y2.3%2.0%+0.3%
10Y2.6%2.3%+0.3%
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1.2. Operating Efficiency of UPM-Kymmene Oyj.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Upm is operating .

  • Measures how much profit Upm 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¬†Upm to the¬†Paper & Paper Products industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of UPM-Kymmene Oyj:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.1%-1.1%
TTM1.1%YOY16.4%-15.3%
TTM1.1%5Y10.8%-9.8%
5Y10.8%10Y11.9%-1.1%
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.6%-7.6%
TTM1.1%1.6%-0.5%
YOY16.4%7.4%+9.0%
5Y10.8%6.3%+4.5%
10Y11.9%6.3%+5.6%
1.2.2. Operating Ratio

Measures how efficient Upm is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Paper & Paper Products industry mean).
  • An Operation Ratio of 1.69 means that the operating costs are €1.69 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 1.690. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.394. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.690TTM1.394+0.296
TTM1.394YOY0.830+0.564
TTM1.3945Y0.977+0.418
5Y0.97710Y0.949+0.027
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6901.578+0.112
TTM1.3941.553-0.159
YOY0.8301.195-0.365
5Y0.9771.239-0.262
10Y0.9491.199-0.250
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1.3. Liquidity of UPM-Kymmene Oyj.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Upm is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Paper & Paper Products industry mean).
  • A Current Ratio of 2.10¬†means the company has €2.10 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 2.101. The company is able to pay all its short-term debts. +1
  • The TTM is 1.878. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.101TTM1.878+0.223
TTM1.878YOY2.071-0.193
TTM1.8785Y2.146-0.268
5Y2.14610Y2.015+0.131
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1011.540+0.561
TTM1.8781.571+0.307
YOY2.0711.637+0.434
5Y2.1461.527+0.619
10Y2.0151.363+0.652
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • A Quick Ratio of 0.89¬†means the company can pay off €0.89 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.891. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.863. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.891TTM0.863+0.028
TTM0.863YOY1.293-0.431
TTM0.8635Y1.235-0.373
5Y1.23510Y0.981+0.254
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8910.689+0.202
TTM0.8630.604+0.259
YOY1.2930.797+0.496
5Y1.2350.743+0.492
10Y0.9810.672+0.309
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1.4. Solvency of UPM-Kymmene Oyj.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Upm assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Upm to Paper & Paper Products industry mean.
  • A Debt to Asset Ratio of 0.36¬†means that Upm assets are¬†financed with 36.1% credit (debt) and the remaining percentage (100% - 36.1%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.361. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.383. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.361TTM0.383-0.021
TTM0.383YOY0.411-0.028
TTM0.3835Y0.370+0.012
5Y0.37010Y0.386-0.016
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3610.474-0.113
TTM0.3830.491-0.108
YOY0.4110.485-0.074
5Y0.3700.478-0.108
10Y0.3860.517-0.131
1.4.2. Debt to Equity Ratio

Measures if Upm is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • A Debt to Equity ratio of 58.4% means that company has €0.58 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of UPM-Kymmene Oyj:

  • The MRQ is 0.584. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.636. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.584TTM0.636-0.051
TTM0.636YOY0.724-0.088
TTM0.6365Y0.608+0.028
5Y0.60810Y0.650-0.043
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5840.894-0.310
TTM0.6360.914-0.278
YOY0.7240.851-0.127
5Y0.6080.970-0.362
10Y0.6501.176-0.526
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2. Market Valuation of UPM-Kymmene Oyj

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 Upm generates.

  • Above 15 is considered overpriced but¬†always compare¬†Upm to the¬†Paper & Paper Products industry mean.
  • A PE ratio of 15.13 means the investor is paying €15.13¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 15.470. Based on the earnings, the company is fair priced.
  • The MRQ is 15.132. Based on the earnings, the company is fair priced.
  • The TTM is -19.095. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD15.470MRQ15.132+0.338
MRQ15.132TTM-19.095+34.227
TTM-19.095YOY13.394-32.489
TTM-19.0955Y11.156-30.251
5Y11.15610Y16.904-5.748
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD15.47010.056+5.414
MRQ15.13210.613+4.519
TTM-19.0956.214-25.309
YOY13.3945.692+7.702
5Y11.1568.665+2.491
10Y16.90412.731+4.173
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 21.252. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 20.788. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 18.115. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD21.252MRQ20.788+0.465
MRQ20.788TTM18.115+2.672
TTM18.115YOY0.790+17.325
TTM18.1155Y-9.407+27.523
5Y-9.40710Y2.796-12.203
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD21.252-1.576+22.828
MRQ20.788-1.142+21.930
TTM18.1152.935+15.180
YOY0.7902.379-1.589
5Y-9.4073.114-12.521
10Y2.7963.115-0.319
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Paper & Paper Products industry mean).
  • A PB ratio of 1.39 means the investor is paying €1.39¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of UPM-Kymmene Oyj:

  • The EOD is 1.426. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.395. Based on the equity, the company is underpriced. +1
  • The TTM is 1.432. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.426MRQ1.395+0.031
MRQ1.395TTM1.432-0.038
TTM1.432YOY1.377+0.055
TTM1.4325Y1.489-0.056
5Y1.48910Y1.406+0.083
Compared to industry (Paper & Paper Products)
PeriodCompanyIndustry (mean)+/- 
EOD1.4260.921+0.505
MRQ1.3951.020+0.375
TTM1.4320.980+0.452
YOY1.3771.021+0.356
5Y1.4891.124+0.365
10Y1.4061.252+0.154
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of UPM-Kymmene Oyj compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.516-0.507+198%0.867-41%0.165+213%0.201+157%
Book Value Per Share--22.13721.777+2%23.139-4%20.156+10%17.824+24%
Current Ratio--2.1011.878+12%2.071+1%2.146-2%2.015+4%
Debt To Asset Ratio--0.3610.383-6%0.411-12%0.370-3%0.386-7%
Debt To Equity Ratio--0.5840.636-8%0.724-19%0.608-4%0.650-10%
Dividend Per Share--0.0020.563-100%0.975-100%0.957-100%0.885-100%
Eps--0.5100.227+125%0.735-31%0.449+14%0.455+12%
Free Cash Flow Per Share--0.3710.457-19%-0.110+130%0.139+167%0.319+16%
Free Cash Flow To Equity Per Share--0.371-0.773+308%-0.098+126%-0.165+144%-0.095+126%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--28.615--------
Intrinsic Value_10Y_min--1.002--------
Intrinsic Value_1Y_max--1.510--------
Intrinsic Value_1Y_min--0.123--------
Intrinsic Value_3Y_max--5.571--------
Intrinsic Value_3Y_min--0.351--------
Intrinsic Value_5Y_max--10.879--------
Intrinsic Value_5Y_min--0.560--------
Market Cap16831705440.000+2%16463713300.02016622376922.570-1%16995702570.000-3%15924254884.514+3%13495971128.257+22%
Net Profit Margin--0.1030.047+121%0.127-19%0.091+13%0.094+10%
Operating Margin---0.011-100%0.164-100%0.108-100%0.119-100%
Operating Ratio--1.6901.394+21%0.830+104%0.977+73%0.949+78%
Pb Ratio1.426+2%1.3951.432-3%1.377+1%1.489-6%1.406-1%
Pe Ratio15.470+2%15.132-19.095+226%13.394+13%11.156+36%16.904-10%
Price Per Share31.560+2%30.87031.168-1%31.868-3%29.859+3%25.304+22%
Price To Free Cash Flow Ratio21.252+2%20.78818.115+15%0.790+2532%-9.407+145%2.796+644%
Price To Total Gains Ratio60.984+2%59.65151.895+15%468.791-87%124.339-52%82.491-28%
Quick Ratio--0.8910.863+3%1.293-31%1.235-28%0.981-9%
Return On Assets--0.0150.007+126%0.018-20%0.014+7%0.016-7%
Return On Equity--0.0240.011+123%0.033-27%0.023+5%0.026-8%
Total Gains Per Share--0.5180.056+828%1.842-72%1.122-54%1.086-52%
Usd Book Value--12880346000.00012670874000.000+2%13463485500.000-4%11727813600.000+10%10371946075.000+24%
Usd Book Value Change Per Share--0.563-0.553+198%0.946-41%0.180+213%0.219+157%
Usd Book Value Per Share--24.15123.758+2%25.244-4%21.990+10%19.446+24%
Usd Dividend Per Share--0.0020.614-100%1.063-100%1.044-100%0.966-100%
Usd Eps--0.5560.248+125%0.802-31%0.490+14%0.497+12%
Usd Free Cash Flow--216018000.000265658500.000-19%-64096250.000+130%80897650.000+167%185851850.000+16%
Usd Free Cash Flow Per Share--0.4050.498-19%-0.120+130%0.152+167%0.348+16%
Usd Free Cash Flow To Equity Per Share--0.405-0.844+308%-0.107+126%-0.180+144%-0.104+126%
Usd Market Cap18363390635.040+2%17961911210.32218135013222.524-1%18542311503.870-3%17373362079.005+3%14724104500.928+22%
Usd Price Per Share34.432+2%33.67934.004-1%34.767-3%32.576+3%27.606+22%
Usd Profit--296752000.000132011000.000+125%427672000.000-31%261185400.000+14%263912900.000+12%
Usd Revenue--2880240000.0002812870750.000+2%3273000000.000-12%2768903450.000+4%2762439275.000+4%
Usd Total Gains Per Share--0.5650.061+828%2.009-72%1.224-54%1.185-52%
 EOD+4 -4MRQTTM+23 -12YOY+9 -265Y+23 -1210Y+23 -12

3.2. Fundamental Score

Let's check the fundamental score of UPM-Kymmene Oyj based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.470
Price to Book Ratio (EOD)Between0-11.426
Net Profit Margin (MRQ)Greater than00.103
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.891
Current Ratio (MRQ)Greater than12.101
Debt to Asset Ratio (MRQ)Less than10.361
Debt to Equity Ratio (MRQ)Less than10.584
Return on Equity (MRQ)Greater than0.150.024
Return on Assets (MRQ)Greater than0.050.015
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of UPM-Kymmene Oyj based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5034.742
Ma 20Greater thanMa 5032.512
Ma 50Greater thanMa 10033.715
Ma 100Greater thanMa 20032.062
OpenGreater thanClose31.540
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets18,481,000
Total Liabilities6,675,000
Total Stockholder Equity11,422,000
 As reported
Total Liabilities 6,675,000
Total Stockholder Equity+ 11,422,000
Total Assets = 18,481,000

Assets

Total Assets18,481,000
Total Current Assets4,719,000
Long-term Assets13,761,000
Total Current Assets
Cash And Cash Equivalents 710,000
Short-term Investments 56,000
Net Receivables 1,945,000
Inventory 1,983,000
Total Current Assets  (as reported)4,719,000
Total Current Assets  (calculated)4,694,000
+/- 25,000
Long-term Assets
Property Plant Equipment 7,793,000
Goodwill 285,000
Intangible Assets 712,000
Long-term Assets Other 26,000
Long-term Assets  (as reported)13,761,000
Long-term Assets  (calculated)8,816,000
+/- 4,945,000

Liabilities & Shareholders' Equity

Total Current Liabilities2,246,000
Long-term Liabilities4,429,000
Total Stockholder Equity11,422,000
Total Current Liabilities
Accounts payable 1,842,000
Total Current Liabilities  (as reported)2,246,000
Total Current Liabilities  (calculated)1,842,000
+/- 404,000
Long-term Liabilities
Long-term Liabilities Other 2,000
Long-term Liabilities  (as reported)4,429,000
Long-term Liabilities  (calculated)2,000
+/- 4,427,000
Total Stockholder Equity
Retained Earnings 7,273,000
Total Stockholder Equity (as reported)11,422,000
Total Stockholder Equity (calculated)7,273,000
+/- 4,149,000
Other
Capital Stock890,000
Common Stock Shares Outstanding 533,324
Net Invested Capital 11,422,000
Net Working Capital 2,473,000
Property Plant and Equipment Gross 7,793,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-31
> Total Assets 
11,421,317
11,280,746
11,229,907
11,018,150
11,842,023
11,456,577
12,466,859
13,106,949
13,526,226
13,332,055
14,278,882
16,459,662
16,203,318
15,653,637
15,626,356
15,387,607
14,932,304
14,912,189
14,670,951
14,491,842
17,104,923
16,647,671
16,204,227
15,865,284
15,886,058
15,499,402
15,618,891
15,529,394
15,829,467
14,867,835
14,599,323
14,468,091
14,552,006
13,933,202
14,006,991
13,953,000
13,924,000
13,935,000
14,019,000
13,781,000
13,118,000
12,619,000
12,556,000
13,605,000
13,827,000
14,230,000
14,021,000
13,812,000
13,795,000
13,608,000
15,078,000
15,389,000
14,733,000
14,804,000
14,734,000
12,893,000
14,868,000
14,611,000
14,428,000
14,599,000
14,811,000
14,461,000
14,890,000
14,195,000
14,588,000
14,176,000
14,310,000
14,193,000
14,157,000
13,566,000
13,678,000
13,911,000
13,776,000
13,234,000
13,372,000
13,067,000
12,938,000
12,881,000
13,217,000
13,996,000
14,771,000
14,098,000
14,442,000
14,722,000
14,951,000
13,903,000
13,895,000
14,858,000
15,944,000
15,683,000
16,612,000
17,676,000
18,023,000
19,399,000
22,274,000
22,207,000
20,055,000
19,220,000
19,110,000
18,473,000
18,481,000
18,481,00018,473,00019,110,00019,220,00020,055,00022,207,00022,274,00019,399,00018,023,00017,676,00016,612,00015,683,00015,944,00014,858,00013,895,00013,903,00014,951,00014,722,00014,442,00014,098,00014,771,00013,996,00013,217,00012,881,00012,938,00013,067,00013,372,00013,234,00013,776,00013,911,00013,678,00013,566,00014,157,00014,193,00014,310,00014,176,00014,588,00014,195,00014,890,00014,461,00014,811,00014,599,00014,428,00014,611,00014,868,00012,893,00014,734,00014,804,00014,733,00015,389,00015,078,00013,608,00013,795,00013,812,00014,021,00014,230,00013,827,00013,605,00012,556,00012,619,00013,118,00013,781,00014,019,00013,935,00013,924,00013,953,00014,006,99113,933,20214,552,00614,468,09114,599,32314,867,83515,829,46715,529,39415,618,89115,499,40215,886,05815,865,28416,204,22716,647,67117,104,92314,491,84214,670,95114,912,18914,932,30415,387,60715,626,35615,653,63716,203,31816,459,66214,278,88213,332,05513,526,22613,106,94912,466,85911,456,57711,842,02311,018,15011,229,90711,280,74611,421,317
   > Total Current Assets 
2,865,780
2,728,668
2,655,260
2,701,121
3,039,502
2,890,127
3,131,169
2,948,265
3,376,705
3,032,098
3,279,928
3,562,795
3,385,682
3,186,896
3,267,854
3,265,828
3,054,189
3,141,833
3,029,926
3,026,048
3,624,062
3,316,253
3,106,547
3,023,013
3,314,835
2,654,539
3,069,585
3,185,582
3,582,193
3,313,528
3,137,657
3,114,106
3,170,900
3,168,585
3,271,194
3,314,000
3,309,000
3,347,000
3,501,000
3,394,000
0
0
0
3,024,000
3,126,000
3,250,000
3,440,000
3,255,000
3,436,000
3,400,000
3,849,000
3,977,000
3,510,000
3,788,000
3,911,000
3,850,000
3,842,000
3,759,000
3,708,000
4,112,000
4,466,000
4,126,000
4,424,000
3,926,000
4,022,000
3,875,000
3,803,000
3,934,000
4,164,000
3,708,000
3,964,000
4,195,000
4,245,000
3,911,000
4,176,000
3,923,000
3,873,000
3,754,000
4,064,000
4,495,000
4,712,000
4,157,000
4,365,000
4,583,000
4,636,000
3,798,000
3,823,000
4,711,000
5,434,000
4,914,000
5,113,000
5,258,000
5,072,000
5,483,000
7,175,000
7,232,000
5,673,000
5,046,000
4,759,000
4,559,000
4,719,000
4,719,0004,559,0004,759,0005,046,0005,673,0007,232,0007,175,0005,483,0005,072,0005,258,0005,113,0004,914,0005,434,0004,711,0003,823,0003,798,0004,636,0004,583,0004,365,0004,157,0004,712,0004,495,0004,064,0003,754,0003,873,0003,923,0004,176,0003,911,0004,245,0004,195,0003,964,0003,708,0004,164,0003,934,0003,803,0003,875,0004,022,0003,926,0004,424,0004,126,0004,466,0004,112,0003,708,0003,759,0003,842,0003,850,0003,911,0003,788,0003,510,0003,977,0003,849,0003,400,0003,436,0003,255,0003,440,0003,250,0003,126,0003,024,0000003,394,0003,501,0003,347,0003,309,0003,314,0003,271,1943,168,5853,170,9003,114,1063,137,6573,313,5283,582,1933,185,5823,069,5852,654,5393,314,8353,023,0133,106,5473,316,2533,624,0623,026,0483,029,9263,141,8333,054,1893,265,8283,267,8543,186,8963,385,6823,562,7953,279,9283,032,0983,376,7052,948,2653,131,1692,890,1273,039,5022,701,1212,655,2602,728,6682,865,780
       Cash And Cash Equivalents 
0
0
0
305,094
319,122
349,587
331,029
227,854
300,228
105,894
201,977
423,714
250,111
193,267
147,848
425,025
200,440
214,670
212,747
387,487
639,588
277,106
225,170
141,635
328,629
138,756
206,966
250,760
530,481
151,042
146,561
199,272
199,866
104,167
121,233
237,000
98,000
103,000
136,000
330,000
0
0
0
438,000
365,000
263,000
484,000
269,000
312,000
250,000
335,000
495,000
92,000
89,000
284,000
468,000
390,000
314,000
298,000
787,000
1,005,000
794,000
825,000
700,000
469,000
409,000
394,000
626,000
803,000
459,000
771,000
992,000
866,000
563,000
896,000
716,000
528,000
369,000
549,000
888,000
1,064,000
678,000
1,080,000
1,536,000
1,460,000
729,000
886,000
1,720,000
2,284,000
1,578,000
1,613,000
1,460,000
1,342,000
938,000
1,591,000
2,067,000
1,016,000
768,000
773,000
632,000
710,000
710,000632,000773,000768,0001,016,0002,067,0001,591,000938,0001,342,0001,460,0001,613,0001,578,0002,284,0001,720,000886,000729,0001,460,0001,536,0001,080,000678,0001,064,000888,000549,000369,000528,000716,000896,000563,000866,000992,000771,000459,000803,000626,000394,000409,000469,000700,000825,000794,0001,005,000787,000298,000314,000390,000468,000284,00089,00092,000495,000335,000250,000312,000269,000484,000263,000365,000438,000000330,000136,000103,00098,000237,000121,233104,167199,866199,272146,561151,042530,481250,760206,966138,756328,629141,635225,170277,106639,588387,487212,747214,670200,440425,025147,848193,267250,111423,714201,977105,894300,228227,854331,029349,587319,122305,094000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,111
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,487,000
-1,492,000
-1,493,000
-1,552,000
-1,537,000
-1,548,000
-1,526,000
-2,140,000
-1,524,000
-1,512,000
-1,501,000
-1,868,000
-1,487,000
-1,486,000
-1,493,000
-1,874,000
-1,535,000
-1,500,000
-1,754,000
-2,163,000
-1,715,000
-1,706,000
-1,697,000
109,000
108,000
101,000
110,000
-1,876,000
95,000
95,000
90,000
-2,161,000
82,000
91,000
97,000
-2,305,000
86,000
66,000
102,000
-2,268,000
82,000
51,000
77,000
100,000
194,000
109,000
138,000
1,000
128,000
118,000
82,000
1,000
56,000
56,0001,00082,000118,000128,0001,000138,000109,000194,000100,00077,00051,00082,000-2,268,000102,00066,00086,000-2,305,00097,00091,00082,000-2,161,00090,00095,00095,000-1,876,000110,000101,000108,000109,000-1,697,000-1,706,000-1,715,000-2,163,000-1,754,000-1,500,000-1,535,000-1,874,000-1,493,000-1,486,000-1,487,000-1,868,000-1,501,000-1,512,000-1,524,000-2,140,000-1,526,000-1,548,000-1,537,000-1,552,000-1,493,000-1,492,000-1,487,00000000000000000000000000098,11100000000000000000000000
       Net Receivables 
0
0
0
0
1,621,765
1,488,000
1,606,396
1,368,000
1,721,457
1,627,000
1,744,245
1,848,832
0
1,646,798
0
1,390,000
1,498,264
1,590,000
1,497,806
1,422,902
1,719,908
1,777,000
1,683,000
1,432,000
1,669,000
1,471,807
1,615,000
1,679,333
1,739,946
1,765,546
1,727,996
1,507,000
1,699,000
1,770,832
1,824,000
1,522,000
1,791,000
1,806,000
1,838,000
1,387,000
1,447,000
1,422,000
1,460,000
1,281,000
1,557,000
1,702,000
1,636,000
1,446,000
1,800,000
1,770,000
1,972,000
1,718,000
1,979,000
2,183,000
2,183,000
1,683,000
2,019,000
2,025,000
2,012,000
1,672,000
2,091,000
1,991,000
2,208,000
1,635,000
2,089,000
2,060,000
2,015,000
1,729,000
1,946,000
1,879,000
1,852,000
1,681,000
1,814,000
1,848,000
1,824,000
1,750,000
1,879,000
1,819,000
1,864,000
1,807,000
1,874,000
1,798,000
1,636,000
1,556,000
1,681,000
1,639,000
1,528,000
1,519,000
1,741,000
1,918,000
1,948,000
1,320,000
2,028,000
2,548,000
3,185,000
1,613,000
2,199,000
1,855,000
1,856,000
1,254,000
1,945,000
1,945,0001,254,0001,856,0001,855,0002,199,0001,613,0003,185,0002,548,0002,028,0001,320,0001,948,0001,918,0001,741,0001,519,0001,528,0001,639,0001,681,0001,556,0001,636,0001,798,0001,874,0001,807,0001,864,0001,819,0001,879,0001,750,0001,824,0001,848,0001,814,0001,681,0001,852,0001,879,0001,946,0001,729,0002,015,0002,060,0002,089,0001,635,0002,208,0001,991,0002,091,0001,672,0002,012,0002,025,0002,019,0001,683,0002,183,0002,183,0001,979,0001,718,0001,972,0001,770,0001,800,0001,446,0001,636,0001,702,0001,557,0001,281,0001,460,0001,422,0001,447,0001,387,0001,838,0001,806,0001,791,0001,522,0001,824,0001,770,8321,699,0001,507,0001,727,9961,765,5461,739,9461,679,3331,615,0001,471,8071,669,0001,432,0001,683,0001,777,0001,719,9081,422,9021,497,8061,590,0001,498,2641,390,00001,646,79801,848,8321,744,2451,627,0001,721,4571,368,0001,606,3961,488,0001,621,7650000
       Inventory 
1,114,728
1,074,081
1,052,190
959,007
1,099,661
1,049,810
1,192,610
1,182,926
1,356,161
1,300,143
1,332,608
1,291,373
0
1,345,824
1,392,408
1,289,368
1,356,401
1,340,168
1,319,373
1,214,866
1,265,378
1,246,157
1,199,032
1,137,503
1,317,602
1,043,976
1,249,279
1,254,645
1,310,941
1,273,290
1,262,312
1,254,735
1,272,552
1,293,586
1,325,156
1,342,000
1,420,000
1,438,000
1,527,000
1,354,000
1,198,000
1,062,000
1,011,000
1,112,000
1,204,000
1,285,000
1,320,000
1,299,000
1,324,000
1,380,000
1,542,000
1,429,000
1,398,000
1,455,000
1,444,000
1,338,000
1,433,000
1,420,000
1,398,000
1,288,000
1,370,000
1,341,000
1,391,000
1,316,000
1,464,000
1,406,000
1,394,000
1,342,000
1,408,000
1,340,000
1,333,000
1,324,000
1,410,000
1,364,000
1,335,000
1,292,000
1,371,000
1,471,000
1,561,000
1,609,000
1,664,000
1,542,000
1,500,000
1,349,000
1,391,000
1,348,000
1,307,000
1,269,000
1,327,000
1,351,000
1,475,000
1,569,000
1,452,000
1,839,000
2,187,000
2,255,000
2,278,000
2,167,000
2,002,000
1,918,000
1,983,000
1,983,0001,918,0002,002,0002,167,0002,278,0002,255,0002,187,0001,839,0001,452,0001,569,0001,475,0001,351,0001,327,0001,269,0001,307,0001,348,0001,391,0001,349,0001,500,0001,542,0001,664,0001,609,0001,561,0001,471,0001,371,0001,292,0001,335,0001,364,0001,410,0001,324,0001,333,0001,340,0001,408,0001,342,0001,394,0001,406,0001,464,0001,316,0001,391,0001,341,0001,370,0001,288,0001,398,0001,420,0001,433,0001,338,0001,444,0001,455,0001,398,0001,429,0001,542,0001,380,0001,324,0001,299,0001,320,0001,285,0001,204,0001,112,0001,011,0001,062,0001,198,0001,354,0001,527,0001,438,0001,420,0001,342,0001,325,1561,293,5861,272,5521,254,7351,262,3121,273,2901,310,9411,254,6451,249,2791,043,9761,317,6021,137,5031,199,0321,246,1571,265,3781,214,8661,319,3731,340,1681,356,4011,289,3681,392,4081,345,82401,291,3731,332,6081,300,1431,356,1611,182,9261,192,6101,049,8101,099,661959,0071,052,1901,074,0811,114,728
       Other Current Assets 
1,751,052
1,654,587
1,603,070
0
-1,046
0
1,134
170,000
-1,142
0
1,098
-1,124
1,419,210
1,007
0
1,551,435
-915
1,586,995
0
794
-812
1,792,990
1,682,345
1,645,764
1,668,603
0
1,613,340
844
825
123,651
788
1,660,099
1,698,483
0
1,824,805
1,735,000
1,791,000
1,806,000
0
1,710,000
0
0
0
1,474,000
1,557,000
1,702,000
1,636,000
1,687,000
1,800,000
1,770,000
1,972,000
2,053,000
2,020,000
2,244,000
2,183,000
2,044,000
2,019,000
2,025,000
2,012,000
2,037,000
2,091,000
1,991,000
2,208,000
1,910,000
2,089,000
2,060,000
2,015,000
1,966,000
1,953,000
1,909,000
1,860,000
1,770,000
1,861,000
1,883,000
1,835,000
1,915,000
1,879,000
1,819,000
1,864,000
1,998,000
1,902,000
1,846,000
1,688,000
1,698,000
1,699,000
1,655,000
1,528,000
1,722,000
1,741,000
1,934,000
1,948,000
2,129,000
2,084,000
2,597,000
74,000
1,296,000
0
0
0
0
0
000001,296,00074,0002,597,0002,084,0002,129,0001,948,0001,934,0001,741,0001,722,0001,528,0001,655,0001,699,0001,698,0001,688,0001,846,0001,902,0001,998,0001,864,0001,819,0001,879,0001,915,0001,835,0001,883,0001,861,0001,770,0001,860,0001,909,0001,953,0001,966,0002,015,0002,060,0002,089,0001,910,0002,208,0001,991,0002,091,0002,037,0002,012,0002,025,0002,019,0002,044,0002,183,0002,244,0002,020,0002,053,0001,972,0001,770,0001,800,0001,687,0001,636,0001,702,0001,557,0001,474,0000001,710,00001,806,0001,791,0001,735,0001,824,80501,698,4831,660,099788123,6518258441,613,34001,668,6031,645,7641,682,3451,792,990-81279401,586,995-9151,551,43501,0071,419,210-1,1241,0980-1,142170,0001,1340-1,04601,603,0701,654,5871,751,052
   > Long-term Assets 
8,555,537
8,552,079
8,574,647
8,317,029
8,802,522
8,566,450
9,335,690
10,158,684
10,149,521
10,299,956
10,998,954
12,896,867
12,817,636
12,466,741
12,358,503
12,121,778
11,878,115
11,770,357
11,641,025
11,465,793
13,480,861
13,331,418
13,097,680
12,842,271
12,571,223
12,844,863
12,549,307
12,343,812
12,247,273
11,554,306
11,461,666
11,353,985
11,381,106
10,764,618
10,735,796
10,639,000
10,615,000
10,588,000
10,518,000
10,387,000
0
0
0
10,581,000
10,701,000
10,980,000
10,581,000
10,557,000
10,359,000
10,208,000
11,229,000
11,412,000
11,223,000
11,016,000
10,823,000
9,043,000
11,026,000
10,852,000
10,720,000
10,487,000
10,345,000
10,335,000
10,466,000
10,269,000
10,566,000
10,301,000
10,507,000
10,259,000
9,993,000
9,859,000
9,714,000
9,715,000
9,532,000
9,323,000
9,196,000
9,144,000
9,064,000
9,127,000
9,153,000
9,501,000
10,060,000
9,942,000
10,078,000
10,140,000
10,315,000
10,105,000
10,072,000
10,149,000
10,511,000
10,768,000
11,500,000
12,420,000
12,951,000
13,916,000
15,101,000
14,977,000
14,382,000
14,174,000
14,314,000
13,913,000
13,761,000
13,761,00013,913,00014,314,00014,174,00014,382,00014,977,00015,101,00013,916,00012,951,00012,420,00011,500,00010,768,00010,511,00010,149,00010,072,00010,105,00010,315,00010,140,00010,078,0009,942,00010,060,0009,501,0009,153,0009,127,0009,064,0009,144,0009,196,0009,323,0009,532,0009,715,0009,714,0009,859,0009,993,00010,259,00010,507,00010,301,00010,566,00010,269,00010,466,00010,335,00010,345,00010,487,00010,720,00010,852,00011,026,0009,043,00010,823,00011,016,00011,223,00011,412,00011,229,00010,208,00010,359,00010,557,00010,581,00010,980,00010,701,00010,581,00000010,387,00010,518,00010,588,00010,615,00010,639,00010,735,79610,764,61811,381,10611,353,98511,461,66611,554,30612,247,27312,343,81212,549,30712,844,86312,571,22312,842,27113,097,68013,331,41813,480,86111,465,79311,641,02511,770,35711,878,11512,121,77812,358,50312,466,74112,817,63612,896,86710,998,95410,299,95610,149,52110,158,6849,335,6908,566,4508,802,5228,317,0298,574,6478,552,0798,555,537
       Property Plant Equipment 
8,555,537
8,551,113
8,574,647
6,244,976
6,586,459
6,566,562
7,145,459
7,557,525
7,771,672
7,867,924
8,368,865
8,949,695
8,867,482
8,585,291
8,500,268
8,260,344
8,120,098
8,050,566
7,957,417
7,832,312
8,054,914
8,064,766
7,881,768
7,615,071
7,617,871
7,575,430
7,533,075
7,310,036
7,220,488
6,746,795
6,588,134
7,567,050
7,460,149
7,406,169
6,277,498
6,179,000
6,048,000
6,007,000
6,012,000
5,707,000
6,728,000
6,591,000
6,379,000
6,214,000
6,166,000
6,230,000
5,894,000
5,882,000
5,657,000
5,504,000
6,098,000
6,242,000
6,046,000
6,000,000
5,866,000
4,846,000
5,054,000
4,958,000
4,864,000
4,757,000
4,676,000
4,678,000
4,801,000
4,707,000
4,904,000
4,822,000
4,796,000
4,895,000
4,704,000
4,664,000
4,622,000
4,657,000
4,565,000
4,394,000
4,297,000
4,280,000
4,191,000
4,213,000
4,172,000
4,186,000
4,700,000
4,613,000
4,636,000
4,673,000
4,733,000
4,740,000
4,687,000
4,877,000
5,148,000
5,385,000
5,727,000
6,178,000
6,337,000
6,879,000
7,452,000
7,449,000
7,582,000
7,940,000
7,872,000
7,736,000
7,793,000
7,793,0007,736,0007,872,0007,940,0007,582,0007,449,0007,452,0006,879,0006,337,0006,178,0005,727,0005,385,0005,148,0004,877,0004,687,0004,740,0004,733,0004,673,0004,636,0004,613,0004,700,0004,186,0004,172,0004,213,0004,191,0004,280,0004,297,0004,394,0004,565,0004,657,0004,622,0004,664,0004,704,0004,895,0004,796,0004,822,0004,904,0004,707,0004,801,0004,678,0004,676,0004,757,0004,864,0004,958,0005,054,0004,846,0005,866,0006,000,0006,046,0006,242,0006,098,0005,504,0005,657,0005,882,0005,894,0006,230,0006,166,0006,214,0006,379,0006,591,0006,728,0005,707,0006,012,0006,007,0006,048,0006,179,0006,277,4987,406,1697,460,1497,567,0506,588,1346,746,7957,220,4887,310,0367,533,0757,575,4307,617,8717,615,0717,881,7688,064,7668,054,9147,832,3127,957,4178,050,5668,120,0988,260,3448,500,2688,585,2918,867,4828,949,6958,368,8657,867,9247,771,6727,557,5257,145,4596,566,5626,586,4596,244,9768,574,6478,551,1138,555,537
       Goodwill 
0
0
0
0
0
0
0
556,000
0
0
0
120,000
0
346,000
0
2,097,000
0
1,939,000
0
1,997,000
1,636,000
1,608,000
1,580,000
1,560,000
1,560,000
1,510,000
1,513,000
1,514,000
1,514,000
1,515,114
1,512,095
1,513,865
1,513,588
1,162,824
1,163,278
1,163,000
1,163,000
1,163,000
933,000
933,000
934,000
933,000
933,000
1,017,000
1,025,000
1,034,000
1,024,000
1,022,000
1,016,000
1,013,000
1,019,000
1,022,000
1,020,000
1,009,000
1,007,000
222,000
225,000
223,000
220,000
219,000
219,000
219,000
227,000
230,000
242,000
238,000
238,000
241,000
236,000
239,000
238,000
245,000
243,000
236,000
233,000
231,000
229,000
234,000
235,000
236,000
238,000
236,000
241,000
238,000
240,000
238,000
234,000
229,000
233,000
232,000
235,000
237,000
239,000
246,000
292,000
282,000
280,000
280,000
287,000
283,000
285,000
285,000283,000287,000280,000280,000282,000292,000246,000239,000237,000235,000232,000233,000229,000234,000238,000240,000238,000241,000236,000238,000236,000235,000234,000229,000231,000233,000236,000243,000245,000238,000239,000236,000241,000238,000238,000242,000230,000227,000219,000219,000219,000220,000223,000225,000222,0001,007,0001,009,0001,020,0001,022,0001,019,0001,013,0001,016,0001,022,0001,024,0001,034,0001,025,0001,017,000933,000933,000934,000933,000933,0001,163,0001,163,0001,163,0001,163,2781,162,8241,513,5881,513,8651,512,0951,515,1141,514,0001,514,0001,513,0001,510,0001,560,0001,560,0001,580,0001,608,0001,636,0001,997,00001,939,00002,097,0000346,0000120,000000556,0000000000
       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
2,236,000
2,262,000
2,068,000
2,166,000
2,180,000
2,170,000
2,003,000
2,205,000
2,223,000
2,294,000
2,191,000
2,369,000
2,358,000
2,368,000
2,178,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000002,178,0002,368,0002,358,0002,369,0002,191,0002,294,0002,223,0002,205,0002,003,0002,170,0002,180,0002,166,0002,068,0002,262,0002,236,000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
295,156
313,890
315,993
430,791
703,793
765,980
771,850
825,470
2,428,770
2,401,299
2,373,563
2,351,397
2,352,883
2,304,600
2,279,676
2,257,003
2,238,371
2,156,581
2,147,161
2,087,651
2,077,307
2,111,404
2,049,958
2,044,727
2,047,452
2,088,925
510,255
485,383
460,676
434,913
418,883
407,848
392,000
411,000
425,000
431,000
403,000
1,343,000
1,327,000
1,323,000
423,000
452,000
448,000
436,000
424,000
1,459,000
1,433,000
1,496,000
1,465,000
1,489,000
460,000
447,000
357,000
364,000
353,000
346,000
342,000
360,000
349,000
344,000
340,000
345,000
346,000
337,000
329,000
313,000
300,000
301,000
299,000
307,000
299,000
305,000
295,000
304,000
311,000
310,000
296,000
323,000
326,000
332,000
326,000
366,000
364,000
367,000
363,000
349,000
326,000
373,000
366,000
490,000
440,000
549,000
552,000
607,000
540,000
734,000
715,000
712,000
712,000715,000734,000540,000607,000552,000549,000440,000490,000366,000373,000326,000349,000363,000367,000364,000366,000326,000332,000326,000323,000296,000310,000311,000304,000295,000305,000299,000307,000299,000301,000300,000313,000329,000337,000346,000345,000340,000344,000349,000360,000342,000346,000353,000364,000357,000447,000460,0001,489,0001,465,0001,496,0001,433,0001,459,000424,000436,000448,000452,000423,0001,323,0001,327,0001,343,000403,000431,000425,000411,000392,000407,848418,883434,913460,676485,383510,2552,088,9252,047,4522,044,7272,049,9582,111,4042,077,3072,087,6512,147,1612,156,5812,238,3712,257,0032,279,6762,304,6002,352,8832,351,3972,373,5632,401,2992,428,770825,470771,850765,980703,793430,791315,993313,890295,156000
       Other Assets 
0
0
0
0
0
1,997,000
0
2,602,000
0
2,434,000
0
3,940,000
0
3,888,000
0
3,859,000
0
3,727,000
0
3,640,000
4,294,000
4,082,000
4,077,000
3,970,000
3,801,000
4,116,000
3,856,000
4,191,000
3,861,000
3,865,000
3,834,000
4,089,000
3,922,000
3,358,000
3,406,000
3,727,000
3,446,000
3,443,000
3,366,000
3,698,000
3,548,000
3,352,000
3,339,000
3,137,000
3,211,000
3,395,000
3,340,000
3,387,000
3,246,000
3,245,000
3,673,000
3,822,000
3,719,000
3,508,000
3,472,000
2,880,000
4,487,000
4,423,000
4,396,000
4,512,000
4,215,000
4,204,000
4,204,000
4,459,000
4,157,000
4,008,000
3,985,000
3,706,000
3,574,000
-1,000
3,395,000
1,000
-1,000
3,267,000
3,256,000
3,263,000
1,000
532,000
535,000
649,000
-1,000
-1,000
-1,000
-1,000
512,000
466,000
497,000
-2,000
-1,000
1,000
-1,000
-2,000
720,000
754,000
-2,000
-2,000
383,000
403,000
467,000
0
0
00467,000403,000383,000-2,000-2,000754,000720,000-2,000-1,0001,000-1,000-2,000497,000466,000512,000-1,000-1,000-1,000-1,000649,000535,000532,0001,0003,263,0003,256,0003,267,000-1,0001,0003,395,000-1,0003,574,0003,706,0003,985,0004,008,0004,157,0004,459,0004,204,0004,204,0004,215,0004,512,0004,396,0004,423,0004,487,0002,880,0003,472,0003,508,0003,719,0003,822,0003,673,0003,245,0003,246,0003,387,0003,340,0003,395,0003,211,0003,137,0003,339,0003,352,0003,548,0003,698,0003,366,0003,443,0003,446,0003,727,0003,406,0003,358,0003,922,0004,089,0003,834,0003,865,0003,861,0004,191,0003,856,0004,116,0003,801,0003,970,0004,077,0004,082,0004,294,0003,640,00003,727,00003,859,00003,888,00003,940,00002,434,00002,602,00001,997,00000000
> Total Liabilities 
6,463,565
6,173,067
5,869,817
5,730,193
6,109,346
5,826,446
6,510,609
6,934,652
7,823,042
7,424,346
7,688,291
9,609,431
9,652,235
8,990,951
8,755,458
8,428,067
8,325,114
8,241,770
7,928,250
7,602,837
10,410,351
9,596,227
9,044,612
8,208,903
8,651,587
8,211,396
8,211,326
8,166,166
8,761,606
7,888,608
7,484,832
7,179,113
7,535,754
6,984,332
7,142,248
7,170,000
7,515,000
7,350,000
7,485,000
7,661,000
7,356,000
6,842,000
6,754,000
7,003,000
7,248,000
7,281,000
7,085,000
6,703,000
6,568,000
6,412,000
7,832,000
7,912,000
7,482,000
7,371,000
7,284,000
6,972,000
7,312,000
7,251,000
7,019,000
7,144,000
7,293,000
7,134,000
7,262,000
6,715,000
6,784,000
6,545,000
6,366,000
6,249,000
6,182,000
5,904,000
5,808,000
5,674,000
5,814,000
5,156,000
5,042,000
4,403,000
3,960,000
4,148,000
4,031,000
4,199,000
4,720,000
4,541,000
4,587,000
4,547,000
5,280,000
4,446,000
4,416,000
5,345,000
6,643,000
6,076,000
6,197,000
6,569,000
6,986,000
8,101,000
9,975,000
9,329,000
7,168,000
7,527,000
7,684,000
6,942,000
6,675,000
6,675,0006,942,0007,684,0007,527,0007,168,0009,329,0009,975,0008,101,0006,986,0006,569,0006,197,0006,076,0006,643,0005,345,0004,416,0004,446,0005,280,0004,547,0004,587,0004,541,0004,720,0004,199,0004,031,0004,148,0003,960,0004,403,0005,042,0005,156,0005,814,0005,674,0005,808,0005,904,0006,182,0006,249,0006,366,0006,545,0006,784,0006,715,0007,262,0007,134,0007,293,0007,144,0007,019,0007,251,0007,312,0006,972,0007,284,0007,371,0007,482,0007,912,0007,832,0006,412,0006,568,0006,703,0007,085,0007,281,0007,248,0007,003,0006,754,0006,842,0007,356,0007,661,0007,485,0007,350,0007,515,0007,170,0007,142,2486,984,3327,535,7547,179,1137,484,8327,888,6088,761,6068,166,1668,211,3268,211,3968,651,5878,208,9039,044,6129,596,22710,410,3517,602,8377,928,2508,241,7708,325,1148,428,0678,755,4588,990,9519,652,2359,609,4317,688,2917,424,3467,823,0426,934,6526,510,6095,826,4466,109,3465,730,1935,869,8176,173,0676,463,565
   > Total Current Liabilities 
2,659,555
2,464,977
2,411,152
2,085,965
2,261,054
2,019,834
2,300,196
2,373,305
2,793,373
2,340,257
2,427,015
3,607,751
3,251,448
2,947,325
2,937,727
2,188,972
2,451,955
2,477,833
2,214,111
2,283,630
3,080,250
2,689,895
2,150,377
2,246,973
2,632,119
2,103,644
2,334,813
2,346,337
2,830,609
2,312,583
2,114,097
2,409,454
2,875,968
2,556,883
2,679,044
2,417,000
2,805,000
2,052,000
1,781,000
1,828,000
1,950,000
1,656,000
1,628,000
1,571,000
1,993,000
1,830,000
1,800,000
1,781,000
2,450,000
2,391,000
2,548,000
2,592,000
2,275,000
2,176,000
2,166,000
2,029,000
1,921,000
2,031,000
1,951,000
2,125,000
2,339,000
2,205,000
2,609,000
1,998,000
2,104,000
2,132,000
2,017,000
1,921,000
2,213,000
2,206,000
2,262,000
2,311,000
2,786,000
2,252,000
2,438,000
2,150,000
1,827,000
2,043,000
1,934,000
2,005,000
2,102,000
1,920,000
1,839,000
1,819,000
2,545,000
1,631,000
1,605,000
1,739,000
2,483,000
2,020,000
2,156,000
2,468,000
2,983,000
2,816,000
3,378,000
3,453,000
2,677,000
2,927,000
2,614,000
2,441,000
2,246,000
2,246,0002,441,0002,614,0002,927,0002,677,0003,453,0003,378,0002,816,0002,983,0002,468,0002,156,0002,020,0002,483,0001,739,0001,605,0001,631,0002,545,0001,819,0001,839,0001,920,0002,102,0002,005,0001,934,0002,043,0001,827,0002,150,0002,438,0002,252,0002,786,0002,311,0002,262,0002,206,0002,213,0001,921,0002,017,0002,132,0002,104,0001,998,0002,609,0002,205,0002,339,0002,125,0001,951,0002,031,0001,921,0002,029,0002,166,0002,176,0002,275,0002,592,0002,548,0002,391,0002,450,0001,781,0001,800,0001,830,0001,993,0001,571,0001,628,0001,656,0001,950,0001,828,0001,781,0002,052,0002,805,0002,417,0002,679,0442,556,8832,875,9682,409,4542,114,0972,312,5832,830,6092,346,3372,334,8132,103,6442,632,1192,246,9732,150,3772,689,8953,080,2502,283,6302,214,1112,477,8332,451,9552,188,9722,937,7272,947,3253,251,4483,607,7512,427,0152,340,2572,793,3732,373,3052,300,1962,019,8342,261,0542,085,9652,411,1522,464,9772,659,555
       Short-term Debt 
0
0
0
410,435
0
0
0
416,313
0
0
0
1,363,303
0
0
0
314,480
0
0
0
480,388
1,200,445
1,260,914
0
470,640
945,773
935,779
981,635
260,047
0
0
760,381
625,852
1,067,447
1,117,759
1,195,514
931,000
995,000
704,000
378,000
537,000
0
0
0
231,000
369,000
384,000
423,000
297,000
966,000
952,000
889,000
852,000
331,000
334,000
368,000
363,000
346,000
580,000
474,000
561,000
693,000
660,000
973,000
365,000
350,000
537,000
461,000
248,000
573,000
591,000
636,000
503,000
425,000
451,000
607,000
311,000
34,000
207,000
25,000
22,000
127,000
138,000
137,000
102,000
105,000
96,000
88,000
82,000
76,000
77,000
80,000
79,000
269,000
399,000
520,000
534,000
493,000
452,000
0
0
0
000452,000493,000534,000520,000399,000269,00079,00080,00077,00076,00082,00088,00096,000105,000102,000137,000138,000127,00022,00025,000207,00034,000311,000607,000451,000425,000503,000636,000591,000573,000248,000461,000537,000350,000365,000973,000660,000693,000561,000474,000580,000346,000363,000368,000334,000331,000852,000889,000952,000966,000297,000423,000384,000369,000231,000000537,000378,000704,000995,000931,0001,195,5141,117,7591,067,447625,852760,38100260,047981,635935,779945,773470,64001,260,9141,200,445480,388000314,4800001,363,303000416,313000410,435000
       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
657,000
715,000
616,000
1,956,000
1,887,000
607,000
324,000
34,000
207,000
25,000
17,000
127,000
133,000
137,000
19,000
0
0
0
7,000
0
0
0
9,000
0
0
0
450,000
0
0
0
200,000
0
0200,000000450,0000009,0000007,00000019,000137,000133,000127,00017,00025,000207,00034,000324,000607,0001,887,0001,956,000616,000715,000657,000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
594,286
0
0
0
703,793
0
0
0
880,022
0
0
0
722,351
0
0
0
727,331
1,879,805
1,428,161
1,347,806
682,354
1,686,346
1,167,865
1,352,346
690,646
1,767,996
1,286,594
1,353,715
726,625
1,808,521
1,439,124
1,483,530
1,443,000
1,810,000
1,348,000
1,403,000
1,258,000
1,400,000
1,142,000
1,199,000
1,206,000
1,624,000
1,446,000
1,377,000
1,417,000
1,437,000
1,376,000
1,614,000
1,667,000
1,893,000
1,738,000
1,746,000
970,000
1,512,000
1,392,000
1,404,000
831,000
1,565,000
1,472,000
1,568,000
854,000
1,720,000
1,579,000
1,535,000
917,000
1,582,000
1,561,000
1,573,000
994,000
2,246,000
1,707,000
1,717,000
1,167,000
1,734,000
1,722,000
1,792,000
1,310,000
1,861,000
1,721,000
1,602,000
1,130,000
2,308,000
1,441,000
1,432,000
1,128,000
2,325,000
1,828,000
1,920,000
1,697,000
2,546,000
2,159,000
2,499,000
1,855,000
2,046,000
2,354,000
2,237,000
1,297,000
1,842,000
1,842,0001,297,0002,237,0002,354,0002,046,0001,855,0002,499,0002,159,0002,546,0001,697,0001,920,0001,828,0002,325,0001,128,0001,432,0001,441,0002,308,0001,130,0001,602,0001,721,0001,861,0001,310,0001,792,0001,722,0001,734,0001,167,0001,717,0001,707,0002,246,000994,0001,573,0001,561,0001,582,000917,0001,535,0001,579,0001,720,000854,0001,568,0001,472,0001,565,000831,0001,404,0001,392,0001,512,000970,0001,746,0001,738,0001,893,0001,667,0001,614,0001,376,0001,437,0001,417,0001,377,0001,446,0001,624,0001,206,0001,199,0001,142,0001,400,0001,258,0001,403,0001,348,0001,810,0001,443,0001,483,5301,439,1241,808,521726,6251,353,7151,286,5941,767,996690,6461,352,3461,167,8651,686,346682,3541,347,8061,428,1611,879,805727,331000722,351000880,022000703,793000594,286000
       Other Current Liabilities 
0
0
0
1,081,244
0
0
0
1,253,199
0
0
0
577,690
0
0
0
653,737
2,451,955
2,477,833
2,214,111
436,717
1,882,000
820
802,572
721,451
0
0
831
987,843
1,062,613
1,025,989
0
606,152
0
0
0
43,000
0
0
0
33,000
0
0
0
23,000
0
0
0
23,000
47,000
63,000
45,000
25,000
2,000
55,000
52,000
105,000
63,000
59,000
73,000
73,000
81,000
73,000
68,000
79,000
34,000
16,000
21,000
96,000
58,000
4,000
53,000
130,000
77,000
41,000
47,000
141,000
37,000
91,000
80,000
139,000
93,000
31,000
69,000
98,000
102,000
59,000
37,000
82,000
50,000
49,000
67,000
692,000
168,000
258,000
359,000
1,064,000
138,000
121,000
0
97,000
0
097,0000121,000138,0001,064,000359,000258,000168,000692,00067,00049,00050,00082,00037,00059,000102,00098,00069,00031,00093,000139,00080,00091,00037,000141,00047,00041,00077,000130,00053,0004,00058,00096,00021,00016,00034,00079,00068,00073,00081,00073,00073,00059,00063,000105,00052,00055,0002,00025,00045,00063,00047,00023,00000023,00000033,00000043,000000606,15201,025,9891,062,613987,84383100721,451802,5728201,882,000436,7172,214,1112,477,8332,451,955653,737000577,6900001,253,1990001,081,244000
   > Long-term Liabilities 
3,804,009
3,708,090
3,458,665
3,644,228
3,848,291
3,806,611
4,210,413
4,561,346
5,029,669
5,084,089
5,261,276
6,001,679
6,400,787
6,043,626
5,817,732
6,239,095
5,873,159
5,763,938
5,714,139
5,319,207
7,330,101
6,906,332
6,894,235
5,961,930
6,019,468
6,107,752
5,876,513
5,819,829
5,930,997
5,576,025
5,370,735
4,769,659
4,659,786
4,427,449
4,463,204
4,753,000
4,710,000
5,298,000
5,704,000
5,833,000
0
0
0
5,432,000
5,255,000
5,451,000
5,285,000
4,922,000
4,118,000
4,021,000
5,284,000
5,320,000
5,207,000
5,195,000
5,118,000
4,943,000
5,391,000
5,220,000
5,068,000
5,019,000
4,954,000
4,929,000
4,653,000
4,717,000
4,680,000
4,413,000
4,349,000
4,328,000
3,969,000
3,698,000
3,546,000
3,363,000
3,028,000
2,904,000
2,604,000
2,253,000
2,133,000
2,105,000
2,097,000
2,194,000
2,618,000
2,621,000
2,748,000
2,728,000
2,735,000
2,815,000
2,811,000
3,606,000
4,160,000
4,056,000
4,041,000
4,101,000
4,003,000
5,285,000
6,597,000
5,876,000
4,491,000
4,600,000
4,651,000
4,501,000
4,429,000
4,429,0004,501,0004,651,0004,600,0004,491,0005,876,0006,597,0005,285,0004,003,0004,101,0004,041,0004,056,0004,160,0003,606,0002,811,0002,815,0002,735,0002,728,0002,748,0002,621,0002,618,0002,194,0002,097,0002,105,0002,133,0002,253,0002,604,0002,904,0003,028,0003,363,0003,546,0003,698,0003,969,0004,328,0004,349,0004,413,0004,680,0004,717,0004,653,0004,929,0004,954,0005,019,0005,068,0005,220,0005,391,0004,943,0005,118,0005,195,0005,207,0005,320,0005,284,0004,021,0004,118,0004,922,0005,285,0005,451,0005,255,0005,432,0000005,833,0005,704,0005,298,0004,710,0004,753,0004,463,2044,427,4494,659,7864,769,6595,370,7355,576,0255,930,9975,819,8295,876,5136,107,7526,019,4685,961,9306,894,2356,906,3327,330,1015,319,2075,714,1395,763,9385,873,1596,239,0955,817,7326,043,6266,400,7876,001,6795,261,2765,084,0895,029,6694,561,3464,210,4133,806,6113,848,2913,644,2283,458,6653,708,0903,804,009
       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
2,566,000
2,534,000
3,940,000
5,234,000
4,476,000
3,098,000
3,176,000
3,090,000
0
0
003,090,0003,176,0003,098,0004,476,0005,234,0003,940,0002,534,0002,566,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
406,000
0
0
0
822,000
0
0
0
791,000
0
0
0
704,000
785,000
791,000
806,000
610,000
618,000
667,000
644,000
738,000
653,000
698,000
652,000
735,000
642,000
613,000
594,000
753,000
594,000
584,000
588,000
797,000
605,000
591,000
595,000
807,000
661,000
637,000
636,000
769,000
616,000
603,000
908,000
1,009,000
851,000
789,000
823,000
931,000
1,111,000
1,006,000
997,000
1,133,000
1,067,000
1,045,000
1,065,000
1,330,000
1,323,000
1,140,000
1,135,000
1,146,000
1,074,000
1,104,000
1,155,000
1,107,000
1,033,000
1,022,000
984,000
1,007,000
952,000
1,355,000
1,364,000
1,441,000
1,478,000
1,496,000
1,569,000
1,534,000
1,502,000
1,610,000
1,657,000
1,654,000
1,603,000
1,515,000
1,495,000
1,535,000
1,469,000
1,345,000
1,364,000
1,401,000
0
0
0
0
0
000001,401,0001,364,0001,345,0001,469,0001,535,0001,495,0001,515,0001,603,0001,654,0001,657,0001,610,0001,502,0001,534,0001,569,0001,496,0001,478,0001,441,0001,364,0001,355,000952,0001,007,000984,0001,022,0001,033,0001,107,0001,155,0001,104,0001,074,0001,146,0001,135,0001,140,0001,323,0001,330,0001,065,0001,045,0001,067,0001,133,000997,0001,006,0001,111,000931,000823,000789,000851,0001,009,000908,000603,000616,000769,000636,000637,000661,000807,000595,000591,000605,000797,000588,000584,000594,000753,000594,000613,000642,000735,000652,000698,000653,000738,000644,000667,000618,000610,000806,000791,000785,000704,000000791,000000822,000000406,0000000000
       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
495,000
488,000
482,000
0
533,000
560,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000560,000533,0000482,000488,000495,000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
4,935,458
5,083,532
5,335,772
5,267,087
5,712,798
5,611,234
5,934,710
6,153,132
5,682,636
5,890,060
6,571,930
6,822,134
6,523,548
6,636,514
6,844,569
6,926,186
6,574,241
6,638,262
6,710,961
6,857,243
6,662,917
7,019,470
7,128,252
7,630,562
7,208,242
7,268,184
7,388,448
7,342,120
7,047,235
6,958,097
7,095,580
7,270,793
6,998,287
6,932,618
6,848,625
6,770,000
6,396,000
6,574,000
6,520,000
6,106,000
5,748,000
5,763,000
5,788,000
6,586,000
6,563,000
6,933,000
6,920,000
7,093,000
7,211,000
7,180,000
7,230,000
7,461,000
7,235,000
7,417,000
7,434,000
5,905,000
7,550,000
7,354,000
7,403,000
7,449,000
7,512,000
7,321,000
7,622,000
7,478,000
7,802,000
7,629,000
7,942,000
7,942,000
7,972,000
7,659,000
7,867,000
8,234,000
7,959,000
8,075,000
8,327,000
8,660,000
8,974,000
8,729,000
9,179,000
9,792,000
10,046,000
9,552,000
9,749,000
10,062,000
9,549,000
9,332,000
9,353,000
9,351,000
9,101,000
9,399,000
10,174,000
10,846,000
10,727,000
10,973,000
11,921,000
12,502,000
12,489,000
11,329,000
11,426,000
11,161,000
11,422,000
11,422,00011,161,00011,426,00011,329,00012,489,00012,502,00011,921,00010,973,00010,727,00010,846,00010,174,0009,399,0009,101,0009,351,0009,353,0009,332,0009,549,00010,062,0009,749,0009,552,00010,046,0009,792,0009,179,0008,729,0008,974,0008,660,0008,327,0008,075,0007,959,0008,234,0007,867,0007,659,0007,972,0007,942,0007,942,0007,629,0007,802,0007,478,0007,622,0007,321,0007,512,0007,449,0007,403,0007,354,0007,550,0005,905,0007,434,0007,417,0007,235,0007,461,0007,230,0007,180,0007,211,0007,093,0006,920,0006,933,0006,563,0006,586,0005,788,0005,763,0005,748,0006,106,0006,520,0006,574,0006,396,0006,770,0006,848,6256,932,6186,998,2877,270,7937,095,5806,958,0977,047,2357,342,1207,388,4487,268,1847,208,2427,630,5627,128,2527,019,4706,662,9176,857,2436,710,9616,638,2626,574,2416,926,1866,844,5696,636,5146,523,5486,822,1346,571,9305,890,0605,682,6366,153,1325,934,7105,611,2345,712,7985,267,0875,335,7725,083,5324,935,458
   Common Stock
0
0
0
426,336
0
0
0
436,543
0
0
0
442,821
0
0
0
442,178
0
0
0
888,520
888,768
897,725
890,227
890,380
891,773
887,049
887,711
889,058
889,361
890,599
888,819
890,286
890,038
890,218
889,978
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
890,000
0
0
00890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000890,000889,978890,218890,038890,286888,819890,599889,361889,058887,711887,049891,773890,380890,227897,725888,768888,520000442,178000442,821000436,543000426,336000
   Retained Earnings 
2,461,691
2,700,656
2,845,122
3,471,308
4,138,117
3,971,431
4,553,912
4,200,399
4,777,387
4,744,051
0
3,719,018
0
0
0
4,792,486
4,302,590
4,114,367
4,129,690
4,325,081
4,805,027
5,151,875
5,273,812
5,765,707
5,355,267
5,367,719
5,485,023
5,411,183
5,120,837
5,024,292
5,162,714
5,365,203
5,104,431
4,892,874
5,011,206
4,778,000
4,492,000
4,615,000
4,527,000
4,236,000
3,864,000
3,860,000
3,908,000
4,574,000
4,403,000
4,579,000
4,758,000
4,913,000
5,085,000
5,093,000
4,981,000
5,084,000
4,888,000
4,977,000
5,009,000
3,520,000
3,028,000
2,901,000
3,028,000
3,073,000
3,329,000
3,118,000
3,268,000
3,194,000
3,239,000
3,195,000
3,564,000
3,846,000
3,998,000
3,752,000
3,944,000
4,225,000
3,968,000
4,179,000
4,482,000
4,752,000
5,069,000
4,759,000
5,091,000
5,623,000
5,847,000
5,394,000
5,575,000
5,912,000
5,515,000
5,488,000
5,570,000
5,735,000
5,316,000
5,611,000
6,112,000
6,419,000
5,996,000
6,429,000
7,075,000
7,433,000
7,620,000
6,902,000
8,743,000
6,998,000
7,273,000
7,273,0006,998,0008,743,0006,902,0007,620,0007,433,0007,075,0006,429,0005,996,0006,419,0006,112,0005,611,0005,316,0005,735,0005,570,0005,488,0005,515,0005,912,0005,575,0005,394,0005,847,0005,623,0005,091,0004,759,0005,069,0004,752,0004,482,0004,179,0003,968,0004,225,0003,944,0003,752,0003,998,0003,846,0003,564,0003,195,0003,239,0003,194,0003,268,0003,118,0003,329,0003,073,0003,028,0002,901,0003,028,0003,520,0005,009,0004,977,0004,888,0005,084,0004,981,0005,093,0005,085,0004,913,0004,758,0004,579,0004,403,0004,574,0003,908,0003,860,0003,864,0004,236,0004,527,0004,615,0004,492,0004,778,0005,011,2064,892,8745,104,4315,365,2035,162,7145,024,2925,120,8375,411,1835,485,0235,367,7195,355,2675,765,7075,273,8125,151,8754,805,0274,325,0814,129,6904,114,3674,302,5904,792,4860003,719,01804,744,0514,777,3874,200,3994,553,9123,971,4314,138,1173,471,3082,845,1222,700,6562,461,691
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,0000000000000000000000000-3,000-3,00000000000000000000000000000
   Other Stockholders Equity 
2,473,767
2,382,875
2,490,651
1,369,443
1,574,682
1,639,803
1,380,798
1,516,190
905,249
1,146,008
0
2,660,295
0
0
0
1,691,522
2,271,651
2,523,895
0
1,643,642
969,122
969,871
964,212
974,475
961,202
825,104
1,015,714
1,041,879
1,037,038
1,043,206
1,044,047
1,015,305
1,003,819
824,467
947,441
1,102,000
1,014,000
1,069,000
1,103,000
980,000
0
0
0
1,122,000
1,270,000
1,464,000
1,272,000
1,290,000
1,236,000
1,197,000
1,359,000
1,487,000
1,457,000
1,550,000
1,535,000
1,495,000
3,632,000
3,563,000
3,485,000
3,486,000
3,293,000
3,313,000
3,464,000
3,394,000
3,673,000
3,544,000
3,488,000
3,206,000
3,084,000
3,017,000
3,033,000
3,119,000
3,101,000
3,006,000
2,955,000
3,018,000
3,015,000
3,080,000
3,198,000
3,279,000
3,309,000
3,268,000
3,284,000
3,260,000
3,144,000
2,954,000
2,893,000
2,726,000
2,895,000
2,898,000
3,172,000
3,537,000
3,841,000
3,654,000
3,956,000
4,179,000
3,979,000
3,537,000
1,795,000
0
0
001,795,0003,537,0003,979,0004,179,0003,956,0003,654,0003,841,0003,537,0003,172,0002,898,0002,895,0002,726,0002,893,0002,954,0003,144,0003,260,0003,284,0003,268,0003,309,0003,279,0003,198,0003,080,0003,015,0003,018,0002,955,0003,006,0003,101,0003,119,0003,033,0003,017,0003,084,0003,206,0003,488,0003,544,0003,673,0003,394,0003,464,0003,313,0003,293,0003,486,0003,485,0003,563,0003,632,0001,495,0001,535,0001,550,0001,457,0001,487,0001,359,0001,197,0001,236,0001,290,0001,272,0001,464,0001,270,0001,122,000000980,0001,103,0001,069,0001,014,0001,102,000947,441824,4671,003,8191,015,3051,044,0471,043,2061,037,0381,041,8791,015,714825,104961,202974,475964,212969,871969,1221,643,64202,523,8952,271,6511,691,5220002,660,29501,146,008905,2491,516,1901,380,7981,639,8031,574,6821,369,4432,490,6512,382,8752,473,767



Balance Sheet

Currency in EUR. All numbers in thousands.