Verisk Analytics Inc
Buy, Hold or Sell?

Let's analyse Verisk together

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

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

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

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Quick analysis of Verisk (30 sec.)

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

How much money do you get?

$1.34

When do you have the money?

1 year

How often do you get paid?

57.5%

What is your share worth?

Current worth

$2.22

Expected worth in 1 year

$-6.83

How sure are you?

67.5%

+ What do you gain per year?

Total Gains per Share

$-7.71

Return On Investment

-3.5%

For what price can you sell your share?

Current Price per Share

$222.79

Expected price per share

$220.55 - $238.76

How sure are you?

50%

1. Valuation of Verisk (5 min.)

Live pricePrice per Share (EOD)

$222.79

Book Value per Share

$2.22

Intrinsic Value Per Share

$42.12 - $61.29

Total Value Per Share

$44.33 - $63.50

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.00) 3Y: ($1.33) TTM: ($1.40)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($0.02) TTM: ($0.07)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$4.06	$5.44	$4.34 - $5.68
2	$8.20	$11.08	$4.68 - $6.05
3	$12.40	$16.89	$5.03 - $6.42
4	$16.65	$22.86	$5.38 - $6.78
5	$20.92	$28.98	$5.72 - $7.15
6	$25.20	$35.22	$6.07 - $7.52
7	$29.47	$41.59	$6.41 - $7.88
8	$33.72	$48.06	$6.76 - $8.25
9	$37.94	$54.63	$7.11 - $8.62
10	$42.12	$61.29	$7.45 - $8.98

2. Growth of Verisk (5 min.)

Is Verisk growing?

	Current year	Previous year	Grow	Grow %
How rich?	$322.2m	$2.2b	-$1.9b	-699.7%

How much money is Verisk making?

	Current year	Previous year	Grow	Grow %
Making money	$188.1m	$277.2m	-$89m	-47.3%
Net Profit Margin	28.1%	37.8%	-	-

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

Quarterly Yearly

3. Financial Health of Verisk (5 min.)

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

Industry Rankings (Consulting Services)

Richest
#19 / 56

Most Revenue
#12 / 56

Most Profit
#6 / 56

Most Efficient
#4 / 56

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

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

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

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

Speculation

The Price per Share of Verisk is $222.79. 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 Verisk.
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 Verisk, 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 $2.22. Based on the TTM, the Book Value Change Per Share is $-2.26 per quarter. Based on the YOY, the Book Value Change Per Share is $-1.54 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 $0.33 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Verisk.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.20	0.5%	1.05	0.5%	1.49	0.7%	1.06	0.5%	0.92	0.4%
Usd Book Value Change Per Share	-0.50	-0.2%	-2.26	-1.0%	-1.54	-0.7%	-0.51	-0.2%	-0.02	0.0%
Usd Dividend Per Share	0.34	0.2%	0.33	0.1%	0.31	0.1%	0.29	0.1%	0.16	0.1%
Usd Total Gains Per Share	-0.16	-0.1%	-1.93	-0.9%	-1.24	-0.6%	-0.22	-0.1%	0.14	0.1%
Usd Price Per Share	238.86	-	223.25	-	183.67	-	184.87	-	133.67	-
Price to Earnings Ratio	49.95	-	66.94	-	50.21	-	57.79	-	42.60	-
Price-to-Total Gains Ratio	-1,500.06	-	-287.87	-	-187.77	-	87.32	-	74.23	-
Price to Book Ratio	107.79	-	167.63	-	13.42	-	43.22	-	28.38	-
Price-to-Total Gains Ratio	-1,500.06	-	-287.87	-	-187.77	-	87.32	-	74.23	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	222.79
Number of shares	4

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.33	0.29
Usd Book Value Change Per Share	-2.26	-0.51
Usd Total Gains Per Share	-1.93	-0.22
Gains per Quarter (4 shares)	-7.71	-0.88
Gains per Year (4 shares)	-30.83	-3.52

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	5	-36	-41	5	-8	-14
2	11	-72	-72	9	-16	-18
3	16	-109	-103	14	-24	-22
4	21	-145	-134	18	-33	-26
5	27	-181	-165	23	-41	-30
6	32	-217	-196	28	-49	-34
7	37	-253	-227	32	-57	-38
8	43	-289	-258	37	-65	-42
9	48	-326	-289	41	-73	-46
10	53	-362	-320	46	-81	-50

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	65.0	0.0	0.0	100.0%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	5.0	7.0	0.0	41.7%	11.0	9.0	0.0	55.0%	26.0	14.0	0.0	65.0%	44.0	21.0	0.0	67.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	23.0	0.0	17.0	57.5%	23.0	0.0	42.0	35.4%
Total Gains per Share	2.0	2.0	0.0	50.0%	6.0	6.0	0.0	50.0%	12.0	8.0	0.0	60.0%	27.0	13.0	0.0	67.5%	45.0	20.0	0.0	69.2%

Fundamentals of Verisk

About Verisk Analytics Inc

https://www.verisk.com
Consulting Services
7500
545 Washington Boulevard, Jersey City, NJ, United States, 07310-1686
Google Maps Bing Maps

Verisk Analytics, Inc. provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments. The company also provides life insurance solutions for transforming current workflows in life insurance underwriting, claim insights, policy administration, unclaimed property/equity, compliance and fraud detection, and actuarial and portfolio modeling; Marketing Solutions, such as compliant, real-time decisioning, profitability, and risk assessment for inbound consumer interactions; and international underwriting and claims solutions. In addition, it offers claims insurance solutions, which provides analytics in fraud detection, compliance reporting, subrogation liability assessment, litigation, and repair cost estimation and valuation solutions; and casualty solutions, such as compliance, casualty claims decision support, and workflow automation solutions. Further, the company supplies software to the specialty insurance market. The company was founded in 1971 and is headquartered in Jersey City, New Jersey.

Fundamental data was last updated by Penke on 2024-04-12 21:48:04.

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 very efficient in making profit.

Operating Efficiency Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Verisk Analytics Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Verisk earns for each $1 of revenue.

Above 10% is considered healthy but always compare Verisk to the Consulting Services industry mean.
A Net Profit Margin of 25.7% means that $0.26 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Verisk Analytics Inc:

The MRQ is 25.7%. The company is making a huge profit. +2
The TTM is 28.1%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	25.7%	TTM	28.1%	-2.4%
TTM	28.1%	YOY	37.8%	-9.8%
TTM	28.1%	5Y	26.2%	+1.9%
5Y	26.2%	10Y	25.9%	+0.3%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	25.7%	5.6%	+20.1%
TTM	28.1%	4.7%	+23.4%
YOY	37.8%	6.8%	+31.0%
5Y	26.2%	6.9%	+19.3%
10Y	25.9%	5.2%	+20.7%

Measures how much net profit Verisk earns for each $1 of revenue.

Revenue is the amount of profit Verisk 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 Verisk 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 Verisk to the Consulting Services industry mean.
Can be used to compare companies within the Consulting Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Verisk. If profit margins remain low (compared to the Consulting Services 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 Verisk is 0.26. This means that Verisk earned $0.26 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 Consulting Services industry is 5.6%.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk with other companies in the same industry (Consulting Services).
Net profit margin should rise over the years.
Can be influenced when Verisk sells assets (profit will increase while costs remain the same).
It won’t show what part of Verisk 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 Verisk

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 Verisk = 173,800
Total revenue MRQ Verisk = 677,200
$173,800 / $677,200 = 0.26 or 25.7%

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 Verisk is using its assets to generate profit.

Above 5% is considered healthy but always compare Verisk to the Consulting Services industry mean.
4.0% Return on Assets means that Verisk generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Verisk Analytics Inc:

The MRQ is 4.0%. Using its assets, the company is less efficient in making profit.
The TTM is 4.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	4.0%	TTM	4.4%	-0.4%
TTM	4.4%	YOY	3.7%	+0.7%
TTM	4.4%	5Y	2.9%	+1.5%
5Y	2.9%	10Y	2.9%	0.0%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	4.0%	1.9%	+2.1%
TTM	4.4%	1.7%	+2.7%
YOY	3.7%	2.0%	+1.7%
5Y	2.9%	1.9%	+1.0%
10Y	2.9%	2.2%	+0.7%

Shows how efficient Verisk 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 Verisk to the Consulting Services 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 Verisk is using its resources to generate profit. If the return on assets (4.0%) from Verisk are higher than the Consulting Services mean (1.9%) that means Verisk 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 Verisk is 4.0%. This means the company generated $0.04 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Consulting Services industry is 1.9%.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

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

Income statement
Balance sheet

Net income MRQ (income statement) from Verisk = 173,800
Total assets MRQ (balance sheet) from Verisk = 4,366,100
173,800 / 4,366,100 = 0.04 or 4.0%

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

Above 15%-20% is considered healthy but always compare Verisk to the Consulting Services industry mean.
56.1% Return on Equity means Verisk generated $0.56 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Verisk Analytics Inc:

The MRQ is 56.1%. Using its investors money, the company is very efficient in making profit. +2
The TTM is 114.0%. Using its investors money, the company is very efficient in making profit. +2

Trends

Current period		Compared to		+/-
MRQ	56.1%	TTM	114.0%	-57.9%
TTM	114.0%	YOY	12.3%	+101.7%
TTM	114.0%	5Y	29.0%	+85.0%
5Y	29.0%	10Y	21.0%	+8.1%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	56.1%	4.1%	+52.0%
TTM	114.0%	4.1%	+109.9%
YOY	12.3%	6.2%	+6.1%
5Y	29.0%	3.9%	+25.1%
10Y	21.0%	5.5%	+15.5%

Shows how efficient Verisk 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 Verisk to the Consulting Services 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 Consulting Services 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 Verisk is 56.1%. This means Verisk generated $0.56 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Consulting Services industry is 4.1%.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk up to 10 years back (depending if Verisk 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 Verisk

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Verisk = 173,800
Shareholders equity (balance sheet) MRQ Verisk = 310,000
173,800 / 310,000 = 0.56 or 56.1%

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 Verisk Analytics Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Verisk is operating .

Measures how much profit Verisk 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 Verisk to the Consulting Services industry mean.
An Operating Margin of 37.0% means the company generated $0.37 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Verisk Analytics Inc:

The MRQ is 37.0%. The company is operating very efficient. +2
The TTM is 42.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	37.0%	TTM	42.2%	-5.2%
TTM	42.2%	YOY	50.2%	-8.0%
TTM	42.2%	5Y	38.0%	+4.3%
5Y	38.0%	10Y	38.9%	-0.9%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	37.0%	9.8%	+27.2%
TTM	42.2%	9.2%	+33.0%
YOY	50.2%	10.0%	+40.2%
5Y	38.0%	9.3%	+28.7%
10Y	38.9%	8.1%	+30.8%

Measures how efficient Verisk 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 Verisk to the Consulting Services 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 Verisk 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 Verisk is 37.0%. This means that Verisk earned $0.37 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Consulting Services industry is 9.8%.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Verisk = 250,500
Total revenue MRQ Verisk = 677,200
$250,500 / $677,200 = 0.37 or 37.0%

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 Verisk is keeping operating costs low.

Below 1 is considered healthy (always compare to Consulting Services industry mean).
An Operation Ratio of 0.63 means that the operating costs are $0.63 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Verisk Analytics Inc:

The MRQ is 0.630. The company is efficient in keeping operating costs low. +1
The TTM is 0.578. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.630	TTM	0.578	+0.052
TTM	0.578	YOY	0.498	+0.080
TTM	0.578	5Y	0.610	-0.032
5Y	0.610	10Y	0.621	-0.011

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	0.630	0.995	-0.365
TTM	0.578	1.058	-0.480
YOY	0.498	0.973	-0.475
5Y	0.610	1.082	-0.472
10Y	0.621	1.021	-0.400

Measures how efficient Verisk 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 Verisk to the Consulting Services 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 Verisk is 63.0%. This means that Verisk earned $0.63 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 Consulting Services industry is 1.00.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

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
(226,200 +200,500) \ 677,200 = 0.63

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 Verisk Analytics Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Consulting Services industry mean).
A Current Ratio of 1.05 means the company has $1.05 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Verisk Analytics Inc:

The MRQ is 1.050. The company is just able to pay all its short-term debts.
The TTM is 1.047. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.050	TTM	1.047	+0.003
TTM	1.047	YOY	0.472	+0.575
TTM	1.047	5Y	0.668	+0.379
5Y	0.668	10Y	0.662	+0.006

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	1.050	1.455	-0.405
TTM	1.047	1.485	-0.438
YOY	0.472	1.561	-1.089
5Y	0.668	1.581	-0.913
10Y	0.662	1.635	-0.973

Measures if Verisk 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 Consulting Services 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 Verisk 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 Verisk is 1.05. This means Verisk has $1.05 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Consulting Services industry is 1.46.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
810,100 \ 771,400) = 1.05

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

Above 1 is considered healthy but always compare Verisk to the Consulting Services industry mean.
A Quick Ratio of 0.86 means the company can pay off $0.86 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Verisk Analytics Inc:

The MRQ is 0.858. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.876. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.858	TTM	0.876	-0.019
TTM	0.876	YOY	0.366	+0.510
TTM	0.876	5Y	0.564	+0.312
5Y	0.564	10Y	0.570	-0.006

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	0.858	1.061	-0.203
TTM	0.876	1.085	-0.209
YOY	0.366	1.186	-0.820
5Y	0.564	1.228	-0.664
10Y	0.570	1.394	-0.824

1.4. Solvency of Verisk Analytics Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Verisk to Consulting Services industry mean.
A Debt to Asset Ratio of 0.93 means that Verisk assets are financed with 92.6% credit (debt) and the remaining percentage (100% - 92.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Verisk Analytics Inc:

The MRQ is 0.926. The company is just able to pay all its debts by selling its assets.
The TTM is 0.936. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.926	TTM	0.936	-0.010
TTM	0.936	YOY	0.704	+0.233
TTM	0.936	5Y	0.724	+0.213
5Y	0.724	10Y	0.726	-0.002

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	0.926	0.574	+0.352
TTM	0.936	0.570	+0.366
YOY	0.704	0.525	+0.179
5Y	0.724	0.527	+0.197
10Y	0.726	0.534	+0.192

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Verisk to Consulting Services 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 Verisk is 0.93. This means means that Verisk is financed with 92.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Consulting Services industry is 145.5%.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Verisk

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,043,900 \ 4,366,100 = 92.6% or 0.93.

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 Verisk is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Verisk to the Consulting Services industry mean.
A Debt to Equity ratio of 1,304.5% means that company has $13.04 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Verisk Analytics Inc:

The MRQ is 13.045. The company is unable to pay all its debts with equity. -1
The TTM is 24.275. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	13.045	TTM	24.275	-11.230
TTM	24.275	YOY	2.429	+21.846
TTM	24.275	5Y	6.513	+17.762
5Y	6.513	10Y	4.811	+1.702

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	13.045	1.276	+11.769
TTM	24.275	1.176	+23.099
YOY	2.429	1.070	+1.359
5Y	6.513	1.121	+5.392
10Y	4.811	1.270	+3.541

Measures if Verisk 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 Verisk 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 Verisk is 13.04. This means that Verisk can pay off $13.04 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consulting Services industry is 1.28.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,043,900 \ 310,000 = 13.04 or 1,304.5%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Verisk Analytics Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Verisk to the Consulting Services industry mean.
A PE ratio of 49.95 means the investor is paying $49.95 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Verisk Analytics Inc:

The EOD is 46.594. Based on the earnings, the company is overpriced. -1
The MRQ is 49.955. Based on the earnings, the company is overpriced. -1
The TTM is 66.936. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	46.594	MRQ	49.955	-3.361
MRQ	49.955	TTM	66.936	-16.981
TTM	66.936	YOY	50.213	+16.723
TTM	66.936	5Y	57.791	+9.145
5Y	57.791	10Y	42.597	+15.194

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	46.594	24.401	+22.193
MRQ	49.955	22.218	+27.737
TTM	66.936	21.742	+45.194
YOY	50.213	24.626	+25.587
5Y	57.791	22.269	+35.522
10Y	42.597	21.601	+20.996

Measures how much money you pay for each share for every $1 in earnings Verisk 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 Verisk to the Consulting Services 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 Verisk is 49.95. This means the investor is paying $49.95 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consulting Services industry is 22.22.
What is the trend?
The trend is important because it shows you how Verisk is performing over time. The most recent quarter might be important if Verisk 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 Verisk 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 Verisk

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 \ 145,393 = EPS
PE ratio MRQ = 49.95

* 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 Verisk Analytics Inc:

The EOD is 41.295. Based on how much money comes from the company's main activities, the company is fair priced.
The MRQ is 44.274. Based on how much money comes from the company's main activities, the company is fair priced.
The TTM is 43.340. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	41.295	MRQ	44.274	-2.979
MRQ	44.274	TTM	43.340	+0.934
TTM	43.340	YOY	52.682	-9.342
TTM	43.340	5Y	44.195	-0.855
5Y	44.195	10Y	47.441	-3.246

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	41.295	12.107	+29.188
MRQ	44.274	13.283	+30.991
TTM	43.340	11.361	+31.979
YOY	52.682	10.158	+42.524
5Y	44.195	12.747	+31.448
10Y	47.441	9.720	+37.721

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Consulting Services industry mean).
A PB ratio of 107.79 means the investor is paying $107.79 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Verisk Analytics Inc:

The EOD is 100.534. Based on the equity, the company is expensive. -2
The MRQ is 107.786. Based on the equity, the company is expensive. -2
The TTM is 167.632. Based on the equity, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	100.534	MRQ	107.786	-7.252
MRQ	107.786	TTM	167.632	-59.846
TTM	167.632	YOY	13.421	+154.211
TTM	167.632	5Y	43.219	+124.413
5Y	43.219	10Y	28.378	+14.841

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	100.534	2.685	+97.849
MRQ	107.786	2.815	+104.971
TTM	167.632	2.870	+164.762
YOY	13.421	3.269	+10.152
5Y	43.219	2.989	+40.230
10Y	28.378	3.182	+25.196

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Verisk Analytics Inc

Institutions are holding 95.294% of the shares of Verisk Analytics Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.4423	0.0856	16407133	170620	1.0508
2023-12-31	BlackRock Inc	9.0605	0.0791	12991814	649219	5.26
2023-12-31	Massachusetts Financial Services Company	4.7839	0.5292	6859562	-663629	-8.8211
2023-12-31	State Street Corporation	4.3011	0.0717	6167273	84113	1.3827
2023-12-31	FMR Inc	3.4665	0.0912	4970570	40729	0.8262
2023-12-31	Morgan Stanley - Brokerage Accounts	2.7871	0.0841	3996392	200996	5.2958
2023-12-31	Geode Capital Management, LLC	2.6834	0.0961	3847663	72806	1.9287
2023-12-31	AllianceBernstein L.P.	2.4487	0.3227	3511182	1041878	42.1932
2023-12-31	Brown Advisory Holdings Inc	1.6108	0.7756	2309787	-453290	-16.4053
2023-12-31	Parnassus Investments, LLC	1.5487	1.1779	2220718	-452049	-16.9131
2023-12-31	Nuveen Asset Management, LLC	1.301	0.1433	1865533	487335	35.3603
2023-12-31	Neuberger Berman Group LLC	1.2427	0.3711	1781843	-85050	-4.5557
2023-12-31	Northern Trust Corp	1.1021	0.0683	1580361	-81197	-4.8868
2023-12-31	NORGES BANK	1.0935	0.0654	1567990	45155	2.9652
2023-12-31	Amvescap Plc.	1.0668	0.0869	1529636	480731	45.8317
2023-12-31	Amundi	1.0429	0.1582	1495415	7032	0.4725
2023-12-31	T. Rowe Price Investment Management,Inc.	1.0201	0.2272	1462654	-669697	-31.4065
2023-12-31	BAMCO Inc	0.9626	0.878	1380219	34139	2.5362
2023-12-31	Principal Financial Group Inc	0.9596	0.2096	1375943	-67139	-4.6525
2023-12-31	TD Asset Management Inc	0.9364	0.3154	1342721	422002	45.834
Total		54.8607	5.8366	78664409	+1264704	+1.6%

3.2. Funds holding Verisk Analytics Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	AF High Growth (AFRIS)	4.8615	0.0925	6939425	6939425	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1839	0.0709	4544800	-9616	-0.2111
2024-02-29	Vanguard Institutional 500 Index Trust	2.5365	0.0819	3620609	36954	1.0312
2024-02-29	Vanguard Mid Cap Index Institutional	2.2697	0.4894	3239796	-8657	-0.2665
2024-02-29	Global Balanced (AFRIS)	2.2302	0.2033	3183436	3183436	0
2023-12-31	MFS Growth Equity	1.9634	1.6772	2802662	-218251	-7.2247
2024-02-29	MFS Growth B	1.8991	1.4953	2710843	-28421	-1.0375
2024-03-28	Invesco QQQ Trust	1.883	0.2441	2687783	3220	0.1199
2024-03-28	SPDR® S&P 500 ETF Trust	1.2358	0.0774	1764053	10320	0.5885
2024-02-29	Fidelity 500 Index	1.2185	0.0817	1739374	17502	1.0165
2024-02-29	Parnassus Core Equity Investor	1.1781	1.3845	1681702	0	0
2024-03-28	iShares Core S&P 500 ETF	1.0528	0.0774	1502758	11008	0.7379
2023-12-31	MFS Mid Cap Growth Equity	1.023	2.5441	1460310	-112254	-7.1383
2024-02-29	Fidelity Magellan	1.0085	1.0709	1439557	95000	7.0655
2024-02-29	MFS Mid Cap Growth A	0.9797	2.3098	1398413	-4799	-0.342
2024-02-29	Vanguard Growth Index Investor	0.944	0.1466	1347440	11541	0.8639
2024-02-29	Vanguard Mid-Cap Growth ETF	0.7287	1.04	1040107	6169	0.5967
2024-01-31	AllianceBernstein US L/C Growth Eqty MF	0.7052	0.9792	1006627	9400	0.9426
2024-02-29	AB Large Cap Growth A	0.6727	0.8798	960160	15003	1.5874
Total		31.5743	14.946	45069855	+9956980	+22.1%

3.3. Insider Transactions

Insiders are holding 0.816% of the shares of Verisk Analytics Inc.

Date	Owner	Type	Amount	Price
2024-03-27	David J Grover	SELL	6481	233.06
2024-03-12	Nicholas Daffan	SELL	1531	236.12
2024-03-06	Kathy Card Beckles	SELL	227	237.61
2024-02-12	Nicholas Daffan	SELL	1507	249.25
2024-01-16	Nicholas Daffan	SELL	25	235.48
2024-01-12	Nicholas Daffan	SELL	1507	235.64
2023-12-12	Nicholas Daffan	SELL	1480	242.1
2023-10-12	Nicholas Daffan	SELL	1516	246.02
2023-09-12	Nicholas Daffan	SELL	1516	244.63
2023-08-21	Therese M Vaughan	SELL	6500	232.45
2023-08-14	Nicholas Daffan	SELL	1532	235.12
2023-08-08	Therese M Vaughan	SELL	6129	233.02
2023-07-12	Nicholas Daffan	SELL	1564	227.75
2023-07-05	Kathy Card Beckles	SELL	396	222.13
2023-06-12	Nicholas Daffan	SELL	1561	219.36
2023-06-06	Samuel G Liss	SELL	11589	223.89
2023-05-25	Bruce Edward Hansen	SELL	1131	217
2023-05-08	Wendy E Lane	BUY	1037	209.78

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.496	-2.261	+356%	-1.542	+211%	-0.508	+2%	-0.025	-95%
Book Value Per Share	-	-	2.216	1.888	+17%	13.852	-84%	12.002	-82%	9.980	-78%
Current Ratio	-	-	1.050	1.047	+0%	0.472	+122%	0.668	+57%	0.662	+59%
Debt To Asset Ratio	-	-	0.926	0.936	-1%	0.704	+32%	0.724	+28%	0.726	+28%
Debt To Equity Ratio	-	-	13.045	24.275	-46%	2.429	+437%	6.513	+100%	4.811	+171%
Dividend Per Share	-	-	0.336	0.334	+1%	0.307	+10%	0.288	+17%	0.162	+107%
Eps	-	-	1.195	1.051	+14%	1.490	-20%	1.063	+12%	0.924	+29%
Free Cash Flow Per Share	-	-	1.349	1.402	-4%	1.230	+10%	1.268	+6%	0.998	+35%
Free Cash Flow To Equity Per Share	-	-	-0.681	-4.828	+609%	-0.861	+26%	-0.680	0%	0.110	-721%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	61.288	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	42.118	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	5.445	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	4.056	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	16.890	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	12.402	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	28.976	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	20.918	-	-	-	-	-	-	-	-
Market Cap	31945858100.000	-9%	34728495067.080	32836227512.153	+6%	29217203435.793	+19%	29473403725.075	+18%	21699945308.882	+60%
Net Profit Margin	-	-	0.257	0.281	-9%	0.378	-32%	0.262	-2%	0.259	-1%
Operating Margin	-	-	0.370	0.422	-12%	0.502	-26%	0.380	-3%	0.389	-5%
Operating Ratio	-	-	0.630	0.578	+9%	0.498	+27%	0.610	+3%	0.621	+1%
Pb Ratio	100.534	-7%	107.786	167.632	-36%	13.421	+703%	43.219	+149%	28.378	+280%
Pe Ratio	46.594	-7%	49.955	66.936	-25%	50.213	-1%	57.791	-14%	42.597	+17%
Price Per Share	222.790	-7%	238.860	223.248	+7%	183.668	+30%	184.875	+29%	133.669	+79%
Price To Free Cash Flow Ratio	41.295	-7%	44.274	43.340	+2%	52.682	-16%	44.195	+0%	47.441	-7%
Price To Total Gains Ratio	-1399.142	+7%	-1500.063	-287.867	-81%	-187.772	-87%	87.319	-1818%	74.233	-2121%
Quick Ratio	-	-	0.858	0.876	-2%	0.366	+134%	0.564	+52%	0.570	+51%
Return On Assets	-	-	0.040	0.044	-9%	0.037	+9%	0.029	+38%	0.029	+36%
Return On Equity	-	-	0.561	1.140	-51%	0.123	+355%	0.290	+93%	0.210	+168%
Total Gains Per Share	-	-	-0.159	-1.927	+1110%	-1.235	+676%	-0.220	+38%	0.137	-216%
Usd Book Value	-	-	322200000.000	275700000.000	+17%	2204900000.000	-85%	1956110000.000	-84%	1651602200.000	-80%
Usd Book Value Change Per Share	-	-	-0.496	-2.261	+356%	-1.542	+211%	-0.508	+2%	-0.025	-95%
Usd Book Value Per Share	-	-	2.216	1.888	+17%	13.852	-84%	12.002	-82%	9.980	-78%
Usd Dividend Per Share	-	-	0.336	0.334	+1%	0.307	+10%	0.288	+17%	0.162	+107%
Usd Eps	-	-	1.195	1.051	+14%	1.490	-20%	1.063	+12%	0.924	+29%
Usd Free Cash Flow	-	-	196100000.000	207675000.000	-6%	196075000.000	+0%	203165000.000	-3%	162909575.000	+20%
Usd Free Cash Flow Per Share	-	-	1.349	1.402	-4%	1.230	+10%	1.268	+6%	0.998	+35%
Usd Free Cash Flow To Equity Per Share	-	-	-0.681	-4.828	+609%	-0.861	+26%	-0.680	0%	0.110	-721%
Usd Market Cap	31945858100.000	-9%	34728495067.080	32836227512.153	+6%	29217203435.793	+19%	29473403725.075	+18%	21699945308.882	+60%
Usd Price Per Share	222.790	-7%	238.860	223.248	+7%	183.668	+30%	184.875	+29%	133.669	+79%
Usd Profit	-	-	173800000.000	188125000.000	-8%	277200000.000	-37%	184505000.000	-6%	158569275.000	+10%
Usd Revenue	-	-	677200000.000	670350000.000	+1%	724375000.000	-7%	698465000.000	-3%	607988425.000	+11%
Usd Total Gains Per Share	-	-	-0.159	-1.927	+1110%	-1.235	+676%	-0.220	+38%	0.137	-216%
	EOD	+5 -3	MRQ	TTM	+22 -13	YOY	+20 -15	5Y	+18 -17	10Y	+17 -18

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	46.594
Price to Book Ratio (EOD)	Between	0-1	100.534
Net Profit Margin (MRQ)	Greater than	0	0.257
Operating Margin (MRQ)	Greater than	0	0.370
Quick Ratio (MRQ)	Greater than	1	0.858
Current Ratio (MRQ)	Greater than	1	1.050
Debt to Asset Ratio (MRQ)	Less than	1	0.926
Debt to Equity Ratio (MRQ)	Less than	1	13.045
Return on Equity (MRQ)	Greater than	0.15	0.561
Return on Assets (MRQ)	Greater than	0.05	0.040
Total			5/10 (50.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	35.853
Ma 20	Greater than	Ma 50	225.804
Ma 50	Greater than	Ma 100	233.575
Ma 100	Greater than	Ma 200	236.830
Open	Greater than	Close	222.590
Total			1/5 (20.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Total Other Income Expense Net		-43,000	15,500	-27,500	21,300	-6,200	4,200	-2,000	22,300	20,300

Latest Balance Sheet

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

Summary

Total Assets	4,366,100
Total Liabilities	4,043,900
Total Stockholder Equity	310,000

	As reported
Total Liabilities	4,043,900
Total Stockholder Equity	+ 310,000
Total Assets	= 4,366,100

Assets

Total Assets	4,366,100
Total Current Assets	810,100
Long-term Assets	3,556,000

Total Current Assets

Total Current Assets (as reported)	810,100
Cash And Cash Equivalents	302,700
Short-term Investments	1,200
Net Receivables	357,700
Inventory	84,500
Other Current Assets	65,200
Total Current Assets (calculated)	811,300
+/-	1,200

Long-term Assets

Long-term Assets (as reported)	3,556,000
Property Plant Equipment	796,600
Goodwill	1,760,800
Long Term Investments	231,400
Intangible Assets	471,700
Long-term Assets Other	264,700
Long-term Assets (calculated)	3,525,200
+/-	30,800

Liabilities & Shareholders' Equity

Total Current Liabilities	771,400
Long-term Liabilities	3,272,500
Total Stockholder Equity	310,000

Total Current Liabilities

Total Current Liabilities (as reported)	771,400
Short-term Debt	47,600
Accounts payable	158,400
Other Current Liabilities	190,300
Total Current Liabilities (calculated)	396,300
+/-	375,100

Long-term Liabilities

Long-term Liabilities (as reported)	3,272,500
Long term Debt	2,832,200
Capital Lease Obligations	263,200
Long-term Liabilities Other	14,600
Long-term Liabilities (calculated)	3,110,000
+/-	162,500

Total Stockholder Equity

Total Stockholder Equity (as reported)	310,000
Common Stock	100
Retained Earnings	6,416,900
Accumulated Other Comprehensive Income	58,200
Other Stockholders Equity	-6,165,200
Total Stockholder Equity (calculated)	310,000
+/-	0

Other

Capital Stock	100
Cash and Short Term Investments	302,700
Common Stock Shares Outstanding	145,393
Current Deferred Revenue	375,100
Liabilities and Stockholders Equity	4,366,100
Net Debt	2,792,700
Net Invested Capital	3,142,200
Net Working Capital	38,700
Property Plant and Equipment Gross	1,788,300
Short Long Term Debt Total	3,095,400

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

> Total Assets

830,041
0
0
0
928,877
1,020,386
1,009,335
1,019,376
996,953
1,085,679
1,053,268
1,049,411
1,217,090
1,286,431
1,408,089
1,379,933
1,541,106
1,892,043
1,853,343
2,303,433
2,360,336
2,516,347
2,439,351
2,429,872
2,504,451
2,640,004
2,675,277
2,677,700
2,345,330
2,404,499
5,775,663
5,619,097
5,615,927
5,459,147
4,725,063
4,685,051
4,631,200
4,748,700
4,898,700
5,628,200
6,020,300
6,246,900
6,039,600
5,851,100
5,900,300
6,341,100
6,234,000
6,289,100
7,055,200
6,928,100
7,007,900
7,219,600
7,561,800
7,810,500
7,713,600
7,662,500
7,808,100
8,159,000
7,508,900
6,974,600
6,961,100
4,190,000
4,315,700
4,363,900
4,366,100

4,366,100

4,363,900

4,315,700

4,190,000

6,961,100

6,974,600

7,508,900

8,159,000

7,808,100

7,662,500

7,713,600

7,810,500

7,561,800

7,219,600

7,007,900

6,928,100

7,055,200

6,289,100

6,234,000

6,341,100

5,900,300

5,851,100

6,039,600

6,246,900

6,020,300

5,628,200

4,898,700

4,748,700

4,631,200

4,685,051

4,725,063

5,459,147

5,615,927

5,619,097

5,775,663

2,404,499

2,345,330

2,677,700

2,675,277

2,640,004

2,504,451

2,429,872

2,439,351

2,516,347

2,360,336

2,303,433

1,853,343

1,892,043

1,541,106

1,379,933

1,408,089

1,286,431

1,217,090

1,049,411

1,053,268

1,085,679

996,953

1,019,376

1,009,335

1,020,386

928,877

830,041

> Total Current Assets

0
0
0
0
168,927
204,230
212,495
220,763
225,345
315,849
285,490
285,772
240,435
311,698
295,477
271,764
453,654
419,840
397,495
361,337
390,559
552,543
493,609
461,330
474,845
679,204
704,563
705,652
384,483
453,993
609,987
617,762
604,569
586,783
496,917
464,301
500,900
513,800
522,800
544,700
597,600
708,600
625,100
593,700
644,500
734,900
710,300
831,000
744,900
814,000
878,700
799,700
794,200
1,041,600
918,700
934,100
902,600
1,119,400
1,186,600
918,400
925,100
790,800
854,800
928,200
810,100

810,100

928,200

854,800

790,800

925,100

918,400

1,186,600

1,119,400

902,600

934,100

918,700

1,041,600

794,200

799,700

878,700

814,000

744,900

831,000

710,300

734,900

644,500

593,700

625,100

708,600

597,600

544,700

522,800

513,800

500,900

464,301

496,917

586,783

604,569

617,762

609,987

453,993

384,483

705,652

704,563

679,204

474,845

461,330

493,609

552,543

390,559

361,337

397,495

419,840

453,654

271,764

295,477

311,698

240,435

285,772

285,490

315,849

225,345

220,763

212,495

204,230

168,927

Cash And Cash Equivalents

24,049
0
0
0
33,185
45,006
45,962
60,560
71,527
130,992
106,827
107,255
54,974
101,238
51,970
52,846
191,603
114,930
97,198
97,770
89,819
267,358
172,587
180,203
165,801
427,376
419,448
432,490
39,359
152,847
145,491
168,825
138,348
131,818
196,402
164,787
135,100
155,000
140,700
142,000
142,300
149,800
132,000
147,600
139,500
179,500
153,300
311,800
184,600
204,400
309,400
221,800
218,800
390,900
276,300
302,100
280,300
397,900
480,700
276,800
112,500
231,900
308,700
416,800
302,700

302,700

416,800

308,700

231,900

112,500

276,800

480,700

397,900

280,300

302,100

276,300

390,900

218,800

221,800

309,400

204,400

184,600

311,800

153,300

179,500

139,500

147,600

132,000

149,800

142,300

142,000

140,700

155,000

135,100

164,787

196,402

131,818

138,348

168,825

145,491

152,847

39,359

432,490

419,448

427,376

165,801

180,203

172,587

267,358

89,819

97,770

97,198

114,930

191,603

52,846

51,970

101,238

54,974

107,255

106,827

130,992

71,527

60,560

45,962

45,006

33,185

24,049

Short-term Investments

28,403
0
0
0
5,114
4,779
5,023
5,352
5,445
5,546
5,067
5,350
5,653
5,603
5,351
4,828
5,066
4,968
4,782
4,895
4,883
5,141
4,254
4,514
3,911
3,918
3,837
3,730
3,801
3,855
3,725
3,630
3,576
3,472
3,372
3,457
3,400
3,600
3,600
3,700
3,800
3,800
3,800
4,000
3,300
0
0
3,400
3,600
0
0
0
0
0
0
0
0
0
3,900
3,800
4,000
3,400
2,500
1,300
1,200

1,200

1,300

2,500

3,400

4,000

3,800

3,900

3,600

3,400

3,300

4,000

3,800

3,700

3,600

3,400

3,457

3,372

3,472

3,576

3,630

3,725

3,855

3,801

3,730

3,837

3,918

3,911

4,514

4,254

5,141

4,883

4,895

4,782

4,968

5,066

4,828

5,351

5,603

5,653

5,350

5,067

5,546

5,445

5,352

5,023

4,779

5,114

28,403

Net Receivables

0
0
0
0
96,941
116,902
115,617
111,002
106,157
132,896
139,545
143,156
151,270
167,981
179,305
158,550
190,014
218,287
204,950
184,058
224,405
205,997
240,562
209,958
225,893
180,950
206,473
218,823
286,180
239,430
332,561
311,209
368,952
305,873
247,074
241,175
313,200
302,000
318,500
320,100
374,300
432,200
370,200
336,100
390,400
444,600
468,000
428,800
467,500
523,300
454,500
459,400
457,800
519,500
498,200
489,000
483,000
528,300
553,600
498,800
334,300
433,300
402,100
370,000
357,700

357,700

370,000

402,100

433,300

334,300

498,800

553,600

528,300

483,000

489,000

498,200

519,500

457,800

459,400

454,500

523,300

467,500

428,800

468,000

444,600

390,400

336,100

370,200

432,200

374,300

320,100

318,500

302,000

313,200

241,175

247,074

305,873

368,952

311,209

332,561

239,430

286,180

218,823

206,473

180,950

225,893

209,958

240,562

205,997

224,405

184,058

204,950

218,287

190,014

158,550

179,305

167,981

151,270

143,156

139,545

132,896

106,157

111,002

115,617

116,902

96,941

Inventory

0
0
0
0
17,500
22,434
21,869
21,219
20,560
25,535
26,089
22,445
21,472
29,171
29,696
27,272
25,723
42,119
44,105
41,001
61,620
42,418
41,511
37,946
72,526
31,482
42,259
36,226
41,851
34,511
42,248
50,898
40,741
93,313
30,870
28,616
28,900
25,000
39,200
42,400
38,100
52,600
61,100
59,400
63,900
59,800
62,400
71,900
75,000
66,600
81,600
82,300
81,200
82,900
98,800
102,900
102,600
157,200
108,200
102,400
446,300
80,100
91,400
89,800
84,500

84,500

89,800

91,400

80,100

446,300

102,400

108,200

157,200

102,600

102,900

98,800

82,900

81,200

82,300

81,600

66,600

75,000

71,900

62,400

59,800

63,900

59,400

61,100

52,600

38,100

42,400

39,200

25,000

28,900

28,616

30,870

93,313

40,741

50,898

42,248

34,511

41,851

36,226

42,259

31,482

72,526

37,946

41,511

42,418

61,620

41,001

44,105

42,119

25,723

27,272

29,696

29,171

21,472

22,445

26,089

25,535

20,560

21,219

21,869

22,434

17,500

> Long-term Assets

0
0
0
0
759,950
816,156
796,840
798,613
771,608
769,830
767,778
763,639
976,655
974,733
1,112,612
1,108,169
1,087,452
1,472,203
1,455,848
1,942,096
1,969,777
1,963,804
1,945,742
1,968,542
2,029,606
1,960,800
1,970,714
1,972,048
1,960,847
1,950,506
5,165,676
5,001,335
5,011,358
4,872,364
4,228,146
4,220,750
4,130,300
4,234,900
4,375,900
5,083,500
5,422,700
5,538,300
5,414,500
5,258,300
5,255,800
5,606,200
5,523,700
5,458,100
6,310,300
6,114,100
6,129,200
6,419,900
6,767,600
6,768,900
6,794,900
6,728,400
6,905,500
7,039,600
6,322,300
6,056,200
6,036,000
3,399,200
3,460,900
3,435,700
3,556,000

3,556,000

3,435,700

3,460,900

3,399,200

6,036,000

6,056,200

6,322,300

7,039,600

6,905,500

6,728,400

6,794,900

6,768,900

6,767,600

6,419,900

6,129,200

6,114,100

6,310,300

5,458,100

5,523,700

5,606,200

5,255,800

5,258,300

5,414,500

5,538,300

5,422,700

5,083,500

4,375,900

4,234,900

4,130,300

4,220,750

4,228,146

4,872,364

5,011,358

5,001,335

5,165,676

1,950,506

1,960,847

1,972,048

1,970,714

1,960,800

2,029,606

1,968,542

1,945,742

1,963,804

1,969,777

1,942,096

1,455,848

1,472,203

1,087,452

1,108,169

1,112,612

974,733

976,655

763,639

767,778

769,830

771,608

798,613

796,840

816,156

759,950

Property Plant Equipment

85,436
0
0
0
82,587
87,071
84,278
87,229
89,165
88,272
86,253
83,571
93,409
100,774
107,645
110,328
119,411
124,781
133,731
144,799
154,084
167,129
185,928
219,116
233,373
251,731
272,875
281,347
302,273
303,829
386,093
391,625
418,168
341,989
334,631
355,867
380,300
377,800
403,500
437,800
478,300
489,000
501,900
518,500
555,900
797,300
797,100
808,600
766,700
757,900
802,400
844,200
899,900
910,600
915,000
932,200
911,300
867,800
873,100
865,500
723,500
763,600
778,800
802,500
796,600

796,600

802,500

778,800

763,600

723,500

865,500

873,100

867,800

911,300

932,200

915,000

910,600

899,900

844,200

802,400

757,900

766,700

808,600

797,100

797,300

555,900

518,500

501,900

489,000

478,300

437,800

403,500

377,800

380,300

355,867

334,631

341,989

418,168

391,625

386,093

303,829

302,273

281,347

272,875

251,731

233,373

219,116

185,928

167,129

154,084

144,799

133,731

124,781

119,411

110,328

107,645

100,774

93,409

83,571

86,253

88,272

89,165

87,229

84,278

87,071

82,587

85,436

Goodwill

339,891
0
0
0
447,372
487,003
487,219
489,245
490,829
494,283
501,996
503,240
632,668
632,668
712,561
712,561
709,944
933,298
934,762
1,220,384
1,247,459
1,248,261
1,249,271
1,250,888
1,181,681
1,184,374
1,184,374
1,184,374
1,207,146
1,207,144
3,057,642
3,119,485
3,134,826
2,703,914
2,629,941
2,632,178
2,578,100
2,653,300
2,733,800
3,188,800
3,368,700
3,454,200
3,372,700
3,339,000
3,361,500
3,431,700
3,400,700
3,367,000
3,864,300
3,742,600
3,744,100
3,924,900
4,108,100
4,135,600
4,168,900
4,129,500
4,331,200
3,957,600
3,820,400
3,655,600
1,676,000
1,705,500
1,755,200
1,731,800
1,760,800

1,760,800

1,731,800

1,755,200

1,705,500

1,676,000

3,655,600

3,820,400

3,957,600

4,331,200

4,129,500

4,168,900

4,135,600

4,108,100

3,924,900

3,744,100

3,742,600

3,864,300

3,367,000

3,400,700

3,431,700

3,361,500

3,339,000

3,372,700

3,454,200

3,368,700

3,188,800

2,733,800

2,653,300

2,578,100

2,632,178

2,629,941

2,703,914

3,134,826

3,119,485

3,057,642

1,207,144

1,207,146

1,184,374

1,181,681

1,250,888

1,249,271

1,248,261

1,247,459

1,220,384

934,762

933,298

709,944

712,561

632,668

503,240

501,996

494,283

490,829

489,245

487,219

487,003

447,372

339,891

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
1,773
1,773
1,708
0
0
0
0
0
0
0
0
0
0
0
0
8,487
0
0
0
8,500
0
0
0
0
0
0
0
8,400
0
0
0
0
0
0
13,100
13,100
0
0
0
0
0
0
0
216,200
0
0
0
229,800
0
0
0
231,400

231,400

229,800

216,200

13,100

8,400

8,500

8,487

1,708

1,773

Intangible Assets

481,051
0
0
0
112,713
128,011
119,547
118,338
108,526
107,248
100,228
94,113
200,229
191,774
241,330
232,533
226,424
375,742
363,555
530,023
520,935
503,728
486,532
471,139
447,618
434,968
420,747
406,560
406,476
392,335
1,655,565
1,415,566
1,376,745
1,191,470
1,104,262
1,069,089
1,010,800
1,027,200
1,052,000
1,256,200
1,345,300
1,356,600
1,289,500
1,255,300
1,227,800
1,249,000
1,193,900
1,141,200
1,398,900
1,306,600
1,264,300
1,316,300
1,384,800
1,355,700
1,319,000
1,265,300
1,225,900
1,280,100
1,183,400
1,090,500
504,800
505,900
508,000
481,500
471,700

471,700

481,500

508,000

505,900

504,800

1,090,500

1,183,400

1,280,100

1,225,900

1,265,300

1,319,000

1,355,700

1,384,800

1,316,300

1,264,300

1,306,600

1,398,900

1,141,200

1,193,900

1,249,000

1,227,800

1,255,300

1,289,500

1,356,600

1,345,300

1,256,200

1,052,000

1,027,200

1,010,800

1,069,089

1,104,262

1,191,470

1,376,745

1,415,566

1,655,565

392,335

406,476

406,560

420,747

434,968

447,618

471,139

486,532

503,728

520,935

530,023

363,555

375,742

226,424

232,533

241,330

191,774

200,229

94,113

100,228

107,248

108,526

118,338

119,547

128,011

112,713

481,051

Long-term Assets Other

0
0
0
0
8,910
15,895
7,872
12,379
16,831
16,079
15,381
16,661
26,697
26,196
28,326
27,699
21,193
38,382
23,800
46,890
47,299
44,686
24,011
27,399
105,979
89,727
92,718
27,255
26,363
24,475
66,376
74,659
48,697
598,803
119,778
121,092
125,900
160,800
170,200
183,800
214,500
221,900
234,700
130,100
99,500
116,800
120,900
130,600
270,600
297,900
309,300
325,000
365,700
358,000
382,900
392,700
214,300
929,100
32,100
31,600
2,870,200
154,700
155,700
157,000
264,700

264,700

157,000

155,700

154,700

2,870,200

31,600

32,100

929,100

214,300

392,700

382,900

358,000

365,700

325,000

309,300

297,900

270,600

130,600

120,900

116,800

99,500

130,100

234,700

221,900

214,500

183,800

170,200

160,800

125,900

121,092

119,778

598,803

48,697

74,659

66,376

24,475

26,363

27,255

92,718

89,727

105,979

27,399

24,011

44,686

47,299

46,890

23,800

38,382

21,193

27,699

28,326

26,196

26,697

16,661

15,381

16,079

16,831

12,379

7,872

15,895

8,910

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
21,548
20,977
23,340
10,480
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

15,600

10,480

23,340

20,977

21,548

> Total Liabilities

862,201
0
0
0
1,938,700
2,011,495
2,037,824
2,217,893
1,031,902
1,057,427
999,693
987,267
1,331,532
1,395,522
1,552,529
1,538,806
1,639,596
1,902,301
1,806,661
2,161,385
2,104,745
2,163,823
2,073,846
1,946,870
1,956,862
2,040,478
1,998,992
1,951,716
2,134,287
2,072,777
4,531,341
4,305,461
4,243,916
4,168,682
3,275,199
3,209,621
3,298,800
3,363,100
3,432,800
3,955,600
4,094,900
4,062,600
3,966,000
3,709,900
3,829,700
4,170,600
4,023,300
4,225,400
4,794,400
4,847,600
4,831,800
4,798,300
4,863,600
5,039,000
4,943,400
4,928,700
4,965,600
5,483,100
5,138,900
4,968,600
5,193,400
4,110,400
4,009,900
3,968,700
4,043,900

4,043,900

3,968,700

4,009,900

4,110,400

5,193,400

4,968,600

5,138,900

5,483,100

4,965,600

4,928,700

4,943,400

5,039,000

4,863,600

4,798,300

4,831,800

4,847,600

4,794,400

4,225,400

4,023,300

4,170,600

3,829,700

3,709,900

3,966,000

4,062,600

4,094,900

3,955,600

3,432,800

3,363,100

3,298,800

3,209,621

3,275,199

4,168,682

4,243,916

4,305,461

4,531,341

2,072,777

2,134,287

1,951,716

1,998,992

2,040,478

1,956,862

1,946,870

2,073,846

2,163,823

2,104,745

2,161,385

1,806,661

1,902,301

1,639,596

1,538,806

1,552,529

1,395,522

1,331,532

987,267

999,693

1,057,427

1,031,902

2,217,893

2,037,824

2,011,495

1,938,700

862,201

> Total Current Liabilities

355,426
0
0
0
504,899
558,548
425,890
391,319
300,279
325,132
323,609
392,978
720,882
492,470
511,600
506,001
349,650
567,556
612,259
668,257
585,350
650,422
585,136
456,638
431,179
515,640
608,743
561,340
771,270
709,770
1,710,053
1,540,758
1,479,257
1,416,879
615,166
556,490
621,600
672,400
737,200
1,203,100
1,337,600
1,558,100
1,466,300
1,219,200
1,324,600
1,058,400
920,800
973,600
1,491,800
1,597,900
1,490,300
1,422,900
1,430,800
1,622,900
1,493,900
1,843,100
1,843,200
2,404,600
2,112,500
1,980,300
2,319,200
890,100
800,800
784,100
771,400

771,400

784,100

800,800

890,100

2,319,200

1,980,300

2,112,500

2,404,600

1,843,200

1,843,100

1,493,900

1,622,900

1,430,800

1,422,900

1,490,300

1,597,900

1,491,800

973,600

920,800

1,058,400

1,324,600

1,219,200

1,466,300

1,558,100

1,337,600

1,203,100

737,200

672,400

621,600

556,490

615,166

1,416,879

1,479,257

1,540,758

1,710,053

709,770

771,270

561,340

608,743

515,640

431,179

456,638

585,136

650,422

585,350

668,257

612,259

567,556

349,650

506,001

511,600

492,470

720,882

392,978

323,609

325,132

300,279

391,319

425,890

558,548

504,899

355,426

Short-term Debt

0
0
0
0
219,398
189,966
160,372
131,528
66,660
4,723
53,935
128,325
437,717
129,997
170,663
165,670
5,554
130,478
201,783
265,794
195,263
183,979
137,870
39,459
4,448
4,317
139,781
140,455
336,058
205,878
1,025,797
905,473
874,811
709,143
2,256
6,899
106,800
6,600
126,800
602,900
724,400
740,900
736,900
542,300
672,800
217,500
120,000
64,300
540,000
482,700
490,900
499,600
553,000
502,300
442,000
807,900
1,012,500
1,332,200
1,172,600
1,102,900
1,422,400
38,600
46,600
56,300
47,600

47,600

56,300

46,600

38,600

1,422,400

1,102,900

1,172,600

1,332,200

1,012,500

807,900

442,000

502,300

553,000

499,600

490,900

482,700

540,000

64,300

120,000

217,500

672,800

542,300

736,900

740,900

724,400

602,900

126,800

6,600

106,800

6,899

2,256

709,143

874,811

905,473

1,025,797

205,878

336,058

140,455

139,781

4,317

4,448

39,459

137,870

183,979

195,263

265,794

201,783

130,478

5,554

165,670

170,663

129,997

437,717

128,325

53,935

4,723

66,660

131,528

160,372

189,966

219,398

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
170,000
0
0
0
3,145,700
709,143
2,256
6,899
2,387,000
6,600
2,403,400
2,881,700
3,008,800
249,500
249,700
249,800
250,000
170,000
70,000
10,000
495,000
440,000
449,600
449,700
499,900
450,000
390,000
754,400
959,600
1,284,800
1,124,900
1,065,000
1,390,000
2,600
0
12,400
0

12,400

2,600

1,390,000

1,065,000

1,124,900

1,284,800

959,600

754,400

390,000

450,000

499,900

449,700

449,600

440,000

495,000

10,000

70,000

170,000

250,000

249,800

249,700

249,500

3,008,800

2,881,700

2,403,400

6,600

2,387,000

6,899

2,256

709,143

3,145,700

170,000

Accounts payable

29,817
0
0
0
83,381
66,388
84,668
100,979
101,401
78,001
81,571
99,285
111,995
88,458
125,948
146,358
167,004
147,886
-97,284
176,464
109,667
150,261
157,961
171,285
109,727
156,893
157,350
164,288
87,432
142,471
246,361
266,467
245,664
179,671
163,413
192,301
183,100
162,100
161,400
210,200
225,400
223,800
216,400
243,700
263,500
236,300
236,700
362,800
375,000
315,600
322,400
369,300
99,300
380,200
386,900
440,000
320,700
251,200
276,200
312,200
292,800
257,400
283,700
300,900
158,400

158,400

300,900

283,700

257,400

292,800

312,200

276,200

251,200

320,700

440,000

386,900

380,200

99,300

369,300

322,400

315,600

375,000

362,800

236,700

236,300

263,500

243,700

216,400

223,800

225,400

210,200

161,400

162,100

183,100

192,301

163,413

179,671

245,664

266,467

246,361

142,471

87,432

164,288

157,350

156,893

109,727

171,285

157,961

150,261

109,667

176,464

-97,284

147,886

167,004

146,358

125,948

88,458

111,995

99,285

81,571

78,001

101,401

100,979

84,668

66,388

83,381

29,817

Other Current Liabilities

281,260
0
0
0
202,120
287,190
265,518
259,791
125,520
28,113
5,828
9,501
163,007
26,951
340,937
193,973
250
437,078
253,880
219,800
79,715
1,734
1,734
1,734
90,423
10,603
2,437
2,437
95,188
1,894
1,894
1,894
1,831
41,514
18,326
1,831
900
2,100
449,000
390,000
3,100
6,800
513,000
433,200
5,200
2,500
4,200
86,100
136,700
131,200
59,500
22,300
311,800
16,500
9,700
10,800
9,000
114,200
4,100
5,100
282,300
44,600
1,800
3,100
190,300

190,300

3,100

1,800

44,600

282,300

5,100

4,100

114,200

9,000

10,800

9,700

16,500

311,800

22,300

59,500

131,200

136,700

86,100

4,200

2,500

5,200

433,200

513,000

6,800

3,100

390,000

449,000

2,100

900

1,831

18,326

41,514

1,831

1,894

95,188

2,437

10,603

90,423

1,734

79,715

219,800

253,880

437,078

250

193,973

340,937

26,951

163,007

9,501

5,828

28,113

125,520

259,791

265,518

287,190

202,120

281,260

> Long-term Liabilities

0
0
0
0
1,433,801
1,452,947
1,611,934
1,826,574
731,623
732,295
676,084
594,289
610,650
903,052
1,040,929
1,032,805
1,289,946
1,334,745
1,194,402
1,493,128
1,519,395
1,513,401
1,488,710
1,490,232
1,525,683
1,524,838
1,390,249
1,390,376
1,363,017
1,363,007
2,821,288
2,764,703
2,764,659
2,751,803
2,660,033
2,653,131
2,677,200
2,690,700
2,695,600
2,752,500
2,757,300
2,504,500
2,499,700
2,490,700
2,505,100
3,112,200
3,102,500
3,251,800
3,302,600
3,249,700
3,341,500
3,375,400
3,432,800
3,416,100
3,449,500
3,085,600
3,122,400
3,078,500
3,026,400
2,988,300
2,874,200
3,220,300
3,209,100
3,184,600
3,272,500

3,272,500

3,184,600

3,209,100

3,220,300

2,874,200

2,988,300

3,026,400

3,078,500

3,122,400

3,085,600

3,449,500

3,416,100

3,432,800

3,375,400

3,341,500

3,249,700

3,302,600

3,251,800

3,102,500

3,112,200

2,505,100

2,490,700

2,499,700

2,504,500

2,757,300

2,752,500

2,695,600

2,690,700

2,677,200

2,653,131

2,660,033

2,751,803

2,764,659

2,764,703

2,821,288

1,363,007

1,363,017

1,390,376

1,390,249

1,524,838

1,525,683

1,490,232

1,488,710

1,513,401

1,519,395

1,493,128

1,194,402

1,334,745

1,289,946

1,032,805

1,040,929

903,052

610,650

594,289

676,084

732,295

731,623

1,826,574

1,611,934

1,452,947

1,433,801

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
700,520
854,499
853,580
1,100,332
1,099,285
1,054,395
1,301,683
1,266,162
1,266,467
1,266,910
1,271,170
1,271,439
1,270,992
1,135,645
1,136,205
1,100,874
1,100,358
2,293,864
2,292,892
2,293,179
2,271,879
2,273,032
2,279,443
2,280,200
2,281,000
2,276,600
2,278,800
2,284,400
2,041,100
2,044,200
2,044,900
2,050,500
2,443,300
2,447,200
2,668,400
2,651,600
2,652,400
2,690,700
2,698,900
2,699,600
2,699,600
2,700,300
2,343,100
2,342,800
2,342,800
2,342,900
2,343,700
0
2,837,900
2,842,100
0
0

2,842,100

2,837,900

2,343,700

2,342,900

2,342,800

2,343,100

2,700,300

2,699,600

2,698,900

2,690,700

2,652,400

2,651,600

2,668,400

2,447,200

2,443,300

2,050,500

2,044,900

2,044,200

2,041,100

2,284,400

2,278,800

2,276,600

2,281,000

2,280,200

2,279,443

2,273,032

2,271,879

2,293,179

2,292,892

2,293,864

1,100,358

1,100,874

1,136,205

1,135,645

1,270,992

1,271,439

1,271,170

1,266,910

1,266,467

1,266,162

1,301,683

1,054,395

1,099,285

1,100,332

853,580

854,499

700,520

Capital Lease Obligations Min Short Term Debt

0
0
0
0
-219,398
-189,966
-160,372
-131,528
-66,660
-4,723
-53,935
-128,325
-437,717
-129,997
-170,663
-165,670
-5,554
-130,478
-201,783
-265,794
-195,263
-183,979
-137,870
-39,459
-4,448
-4,317
-139,781
-140,455
-336,058
-205,878
-1,025,797
-905,473
-874,811
-709,143
-2,256
-6,899
-106,800
-6,600
-126,800
-602,900
-724,400
-740,900
-736,900
-542,300
-672,800
77,900
171,100
223,100
-283,600
-237,600
-201,900
-199,600
-218,000
-170,400
-117,800
-493,200
-703,300
-1,044,700
-892,600
-844,900
-1,198,800
201,400
201,900
172,200
215,600

215,600

172,200

201,900

201,400

-1,198,800

-844,900

-892,600

-1,044,700

-703,300

-493,200

-117,800

-170,400

-218,000

-199,600

-201,900

-237,600

-283,600

223,100

171,100

77,900

-672,800

-542,300

-736,900

-740,900

-724,400

-602,900

-126,800

-6,600

-106,800

-6,899

-2,256

-709,143

-874,811

-905,473

-1,025,797

-205,878

-336,058

-140,455

-139,781

-4,317

-4,448

-39,459

-137,870

-183,979

-195,263

-265,794

-201,783

-130,478

-5,554

-165,670

-170,663

-129,997

-437,717

-128,325

-53,935

-4,723

-66,660

-131,528

-160,372

-189,966

-219,398

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
21,548
20,977
23,340
10,480
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

15,600

10,480

23,340

20,977

21,548

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
202,532
186,430
179,225
189,614
195,592
98,127
110,690
119,472
112,435
86,543
75,630
55,640
59,541
60,081
59,300
59,603
59,266
63,863
70,389
75,050
137,758
72,296
67,994
0
80,300
81,500
89,600
0
106,900
105,900
104,200
0
314,700
304,300
261,200
295,000
247,700
302,600
307,300
336,300
47,300
51,200
307,700
54,400
300,700
42,400
42,200
17,900
37,000
227,700
16,400
14,600

14,600

16,400

227,700

37,000

17,900

42,200

42,400

300,700

54,400

307,700

51,200

47,300

336,300

307,300

302,600

247,700

295,000

261,200

304,300

314,700

104,200

105,900

106,900

89,600

81,500

80,300

67,994

72,296

137,758

75,050

70,389

63,863

59,266

59,603

59,300

60,081

59,541

55,640

75,630

86,543

112,435

119,472

110,690

98,127

195,592

189,614

179,225

186,430

202,532

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
39,868
41,880
80,755
133,761
134,499
135,257
143,432
198,604
194,305
194,523
194,871
202,540
203,383
463,561
401,422
396,430
342,166
314,705
305,694
0
329,400
337,500
384,100
0
356,500
349,600
341,600
0
354,200
351,000
322,200
356,000
349,600
348,200
369,200
396,900
0
0
434,800
470,500
435,000
410,100
384,500
0
141,400
0
0
0

141,400

384,500

410,100

435,000

470,500

434,800

396,900

369,200

348,200

349,600

356,000

322,200

351,000

354,200

341,600

349,600

356,500

384,100

337,500

329,400

305,694

314,705

342,166

396,430

401,422

463,561

203,383

202,540

194,871

194,523

194,305

198,604

143,432

135,257

134,499

133,761

80,755

41,880

39,868

> Total Stockholder Equity

0
0
0
0
-1,009,823
-991,109
-1,028,489
-1,198,517
-34,949
28,252
53,575
62,144
-114,442
-109,091
-144,440
-158,873
-98,490
-10,258
46,682
142,048
255,591
352,524
365,505
483,002
547,589
599,526
676,285
725,984
211,043
331,722
1,244,322
1,313,636
1,372,011
1,290,465
1,449,864
1,475,430
1,332,400
1,385,600
1,465,900
1,672,600
1,925,400
2,184,300
2,073,600
2,141,200
2,070,600
2,170,500
2,210,700
2,063,700
2,260,800
2,080,500
2,176,100
2,421,300
2,698,200
2,756,300
2,753,500
2,714,400
2,816,500
2,658,600
2,351,900
1,989,000
1,749,300
68,400
294,000
384,500
310,000

310,000

384,500

294,000

68,400

1,749,300

1,989,000

2,351,900

2,658,600

2,816,500

2,714,400

2,753,500

2,756,300

2,698,200

2,421,300

2,176,100

2,080,500

2,260,800

2,063,700

2,210,700

2,170,500

2,070,600

2,141,200

2,073,600

2,184,300

1,925,400

1,672,600

1,465,900

1,385,600

1,332,400

1,475,430

1,449,864

1,290,465

1,372,011

1,313,636

1,244,322

331,722

211,043

725,984

676,285

599,526

547,589

483,002

365,505

352,524

255,591

142,048

46,682

-10,258

-98,490

-158,873

-144,440

-109,091

-114,442

62,144

53,575

28,252

-34,949

-1,198,517

-1,028,489

-991,109

-1,009,823

Common Stock

100
0
0
0
100
100
100
100
130
130
132
132
135
136
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
137
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100

100

137

136

135

132

130

100

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
359,703
425,280
496,267
576,585
651,186
724,517
807,428
905,727
986,238
1,070,443
1,166,884
1,254,107
1,369,665
1,457,764
1,556,779
1,654,149
1,752,835
1,916,155
2,047,969
2,161,726
2,254,365
2,516,101
2,643,678
2,752,900
2,861,700
2,982,700
3,103,400
3,308,000
3,476,900
3,630,400
3,796,400
3,942,600
4,036,000
4,145,300
4,136,600
4,228,400
4,353,400
4,488,800
4,630,400
4,762,200
4,884,100
4,991,000
5,145,700
5,240,400
5,696,900
5,845,500
5,986,100
0
6,006,700
6,153,800
0
0

6,153,800

6,006,700

5,986,100

5,845,500

5,696,900

5,240,400

5,145,700

4,991,000

4,884,100

4,762,200

4,630,400

4,488,800

4,353,400

4,228,400

4,136,600

4,145,300

4,036,000

3,942,600

3,796,400

3,630,400

3,476,900

3,308,000

3,103,400

2,982,700

2,861,700

2,752,900

2,643,678

2,516,101

2,254,365

2,161,726

2,047,969

1,916,155

1,752,835

1,654,149

1,556,779

1,457,764

1,369,665

1,254,107

1,166,884

1,070,443

986,238

905,727

807,428

724,517

651,186

576,585

496,267

425,280

359,703

Accumulated Other Comprehensive Income

0
0
0
0
-82,434
-81,340
-79,130
-75,561
-53,628
-52,685
-52,184
-50,952
-55,803
-54,837
-53,508
-53,656
-78,287
-77,403
-77,354
-76,853
-89,160
-88,927
-88,338
-86,592
-43,488
-42,822
-42,377
-42,861
-80,514
-80,058
-83,873
-179,417
-242,052
-316,777
-457,143
-518,934
-650,800
-616,900
-526,400
-443,300
-412,300
-309,300
-474,200
-509,600
-591,900
-532,300
-592,200
-678,400
-486,900
-658,700
-657,200
-540,900
-375,700
-366,200
-348,900
-428,600
-394,600
-465,000
-683,400
-916,100
-731,200
29,400
45,700
15,800
58,200

58,200

15,800

45,700

29,400

-731,200

-916,100

-683,400

-465,000

-394,600

-428,600

-348,900

-366,200

-375,700

-540,900

-657,200

-658,700

-486,900

-678,400

-592,200

-532,300

-591,900

-509,600

-474,200

-309,300

-412,300

-443,300

-526,400

-616,900

-650,800

-518,934

-457,143

-316,777

-242,052

-179,417

-83,873

-80,058

-80,514

-42,861

-42,377

-42,822

-43,488

-86,592

-88,338

-88,927

-89,160

-76,853

-77,354

-77,403

-78,287

-53,656

-53,508

-54,837

-55,803

-50,952

-52,184

-52,685

-53,628

-75,561

-79,130

-81,340

-82,434

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
766,528
807,855
837,473
874,808
917,884
963,052
991,739
1,044,746
1,077,758
1,116,948
1,156,175
1,202,106
1,224,122
1,240,862
1,256,541
1,171,196
1,190,490
1,971,270
1,999,779
2,023,390
2,038,747
2,071,497
2,100,989
2,121,600
2,134,100
2,153,800
2,165,800
2,180,100
2,201,900
2,235,000
2,265,300
2,283,000
2,301,900
2,336,900
2,357,300
2,369,100
2,404,600
2,432,800
2,464,600
2,490,900
2,515,300
2,534,900
2,567,400
2,608,700
2,632,500
2,707,100
2,733,500
0
2,315,500
2,367,700
0
0

2,367,700

2,315,500

2,733,500

2,707,100

2,632,500

2,608,700

2,567,400

2,534,900

2,515,300

2,490,900

2,464,600

2,432,800

2,404,600

2,369,100

2,357,300

2,336,900

2,301,900

2,283,000

2,265,300

2,235,000

2,201,900

2,180,100

2,165,800

2,153,800

2,134,100

2,121,600

2,100,989

2,071,497

2,038,747

2,023,390

1,999,779

1,971,270

1,190,490

1,171,196

1,256,541

1,240,862

1,224,122

1,202,106

1,156,175

1,116,948

1,077,758

1,044,746

991,739

963,052

917,884

874,808

837,473

807,855

766,528

Treasury Stock

-5,814,600

-5,517,400

-5,205,900

-4,638,100

-4,570,200

-4,423,600

-4,277,000

-4,179,300

-4,132,900

-4,088,400

-4,018,900

-3,849,900

-3,751,900

-3,679,400

-3,635,200

-3,563,200

-3,411,000

-3,317,700

-3,185,300

-3,150,500

-3,153,400

-3,144,300

-2,993,400

-2,891,400

-2,750,440

-2,680,728

-2,686,007

-2,571,190

-2,554,832

-2,559,263

-2,531,547

-2,533,764

-2,044,415

-1,979,871

-1,951,306

-1,864,967

-1,753,231

-1,733,283

-1,622,240

-1,605,376

-1,579,859

-1,563,079

-1,501,414

-1,471,042

-1,438,315

-1,323,368

-1,179,704

-1,106,321

-819,564

-748,895

-683,994

-678,993

Other Stockholders Equity

-6,165,200

-5,923,200

-5,905,600

-5,967,800

-3,518,700

-3,081,100

-2,810,300

-2,573,400

-2,029,400

-2,002,800

-1,888,700

-1,761,700

-1,688,400

-1,668,300

-1,655,600

-1,614,300

-1,480,800

-1,394,600

-1,342,500

-1,333,300

-1,280,200

-1,145,700

-1,082,700

-983,400

-970,400

-987,600

-990,500

-859,300

-769,800

-649,451

-609,231

-647,260

-547,800

-555,053

-588,097

-1,341,192

-1,362,729

-788,071

-739,239

-727,454

-663,167

-597,427

-616,737

-544,924

-561,113

-588,664

-600,618

-584,178

-596,925

-601,621

-516,349

-414,093

-352,601

-114,970

-59,427

-25,843

-32,726

-683,994

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	158,400	292,800	320,700	99,300	375,000	263,500	225,400	183,100	245,664	87,432	109,727	109,667	167,004	111,995	101,401	83,381	78,234	0
Accumulated Amortization	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	-
Accumulated Other Comprehensive Income	58,200	-731,200	-394,600	-375,700	-486,900	-591,900	-412,300	-650,800	-242,052	-80,514	-43,488	-89,160	-78,287	-55,803	-53,628	-82,434	-8,699	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	263,200	223,600	309,200	335,000	256,400	27,300	17,000	13,900	0	0	0	0	0	0	0	0	0	-
Capital Stock	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	2,608,700	2,490,900	2,369,100	2,283,000	2,180,100	2,121,600	2,023,390	1,171,196	1,202,106	1,044,746	874,808	0	0	0	0	-
Cash	302,700	112,500	280,300	218,800	184,600	139,500	142,300	135,100	138,348	39,359	165,801	89,819	191,603	54,974	71,527	33,185	24,049	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	302,700	112,500	280,300	218,800	184,600	139,500	146,100	138,500	141,924	43,160	169,712	94,702	196,669	60,627	76,972	38,299	52,399	-
Common Stock	100	100	100	100	100	100	100	100	137	137	137	137	137	135	130	100	100	0
Common Stock Shares Outstanding	147,336	158,929	163,339	165,321	166,560	168,298	168,689	171,172	168,451	169,132	172,276	171,710	173,325	186,395	182,166	190,232	166,560	209,000
Common Stock Total Equity	0	0	100	100	100	100	100	100	137	137	137	137	137	135	130	100	100	0
Current Deferred Revenue	375,100	321,700	501,000	466,700	440,100	383,100	384,700	330,800	356,951	252,592	226,581	200,705	176,842	8,163	6,698	0	9,178	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	15,600	0	0	0	0	10,480	0	0	0	0	-
Deferred Long Term Liab	0	0	470,500	396,900	356,000	0	0	0	396,430	202,540	198,604	133,761	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	-
Good Will	1,760,800	1,676,000	4,331,200	4,108,100	3,864,300	3,361,500	3,368,700	2,578,100	3,134,826	1,207,146	1,181,681	1,247,459	709,944	632,668	490,829	447,372	339,891	0
Intangible Assets	471,700	504,800	1,225,900	1,384,800	1,398,900	1,227,800	1,345,300	1,010,800	1,376,745	406,476	447,618	520,935	226,424	200,229	108,526	112,713	141,160	0
Inventory	84,500	446,300	102,600	81,200	75,000	63,900	38,100	28,900	40,741	41,851	72,526	61,620	25,723	21,472	20,560	17,500	30,263	0
Liabilities And Stockholders Equity	4,366,100	6,961,100	7,808,100	7,561,800	7,055,200	5,900,300	6,020,300	4,631,200	5,615,927	2,345,330	2,504,451	2,360,336	1,541,106	1,217,090	996,953	928,877	830,041	-
Long Term Debt	2,832,200	2,341,900	2,341,200	2,689,300	2,648,300	2,050,500	2,284,400	2,280,200	2,268,600	1,100,874	1,271,439	1,266,162	1,100,332	401,826	527,509	450,356	403,159	0
Long Term Debt Total	0	0	2,342,800	2,699,600	2,651,600	2,050,500	2,284,400	2,280,200	2,293,179	1,100,874	1,271,439	1,266,162	1,100,332	0	0	0	0	-
Long Term Investments	231,400	229,800	216,200	192,600	13,100	5,900	8,400	0	8,500	8,487	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	-
Net Debt	2,792,700	3,843,000	3,329,700	3,305,400	3,215,100	2,583,800	2,866,500	2,251,900	3,029,642	1,397,573	1,110,086	1,371,606	914,283	784,569	522,642	636,569	414,281	-
Net Invested Capital	3,142,200	5,481,200	6,117,300	5,887,400	5,404,100	4,766,600	4,917,200	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	357,700	334,300	483,000	457,800	467,500	390,400	374,300	313,200	368,952	286,180	225,893	224,405	190,014	151,270	106,157	96,941	91,396	0
Net Tangible Assets	0	-876,500	2,816,500	-2,794,700	-3,002,400	-2,518,700	-2,788,600	-2,256,500	-3,139,560	-1,402,579	-1,081,710	-1,512,803	-1,034,858	0	0	0	0	0
Net Working Capital	38,700	-1,394,100	-940,600	-636,600	-746,900	-680,100	-740,000	-120,700	-874,688	-386,787	43,666	-194,791	104,004	-480,447	-74,934	-335,972	-172,843	-
Non Current Assets Total	3,556,000	6,036,000	6,905,500	6,767,600	6,310,300	5,255,800	5,422,700	4,130,300	5,011,358	1,960,847	2,029,606	1,969,777	1,087,452	976,655	771,608	759,950	647,458	-
Non Current Liabilities Other	14,600	17,900	54,400	336,300	295,000	104,000	135,100	60,500	75,050	59,603	55,640	119,472	189,614	0	0	0	0	-
Non Current Liabilities Total	3,272,500	2,874,200	3,122,400	3,432,800	3,302,600	2,505,100	2,757,300	2,677,200	2,764,659	1,363,017	1,525,683	1,519,395	1,289,946	610,650	731,623	1,433,801	1,677,963	-
Non Currrent Assets Other	264,700	2,870,200	214,300	154,600	233,000	99,500	214,500	125,900	48,697	26,363	105,979	47,299	21,193	26,697	16,831	8,910	12,936	-
Noncontrolling Interest In Consolidated Entity	0	0	26,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	3,131,700	437,100	643,000	267,300	104,700	230,400	161,100	640,700	36,465	163,332	42,284	28,230	44,934	76,552	109,166	80,971	0
Other Current Assets	65,200	32,000	36,700	36,400	17,800	50,700	39,100	20,300	52,952	13,292	6,714	9,832	41,248	7,066	21,656	16,187	8,525	0
Other Current Liab	190,300	282,300	9,000	311,800	136,700	5,200	3,100	900	1,831	95,188	90,423	79,715	250	163,007	125,520	202,120	232,843	0
Other Liab	0	341,100	524,900	461,600	442,900	454,600	472,900	397,000	471,500	59,603	55,640	119,472	189,614	208,824	204,114	233,906	103,616	0
Other Stockholder Equity	-6,165,200	-3,518,700	-2,029,400	-1,688,400	-1,480,800	-1,280,200	-970,400	-769,800	-547,800	-1,362,729	-663,167	-561,113	-596,925	-352,601	-32,726	-683,994	-678,993	0
Preferred Stock Redeemable	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	749,539	1,171,188	0
Property Plant And Equipment Gross	1,788,300	723,500	911,300	632,000	766,700	555,900	478,300	380,300	418,168	302,273	233,373	154,084	119,411	93,409	89,165	82,587	85,436	-
Property Plant And Equipment Net	796,600	723,500	911,300	899,900	766,700	555,900	478,300	380,300	418,168	302,273	233,373	154,084	119,411	93,409	89,165	82,587	85,436	-
Property Plant Equipment	0	278,500	658,200	632,300	548,100	555,900	478,300	380,300	418,168	302,273	319,318	154,084	119,411	93,409	89,165	82,587	85,436	0
Retained Earnings	6,416,900	5,999,100	5,240,400	4,762,200	4,228,400	3,942,600	3,308,000	2,752,900	2,161,726	1,654,149	1,254,107	905,727	576,585	293,827	51,275	-243,495	-515,756	0
Retained Earnings Total Equity	0	0	5,240,400	4,762,200	4,228,400	3,942,600	3,308,000	2,752,900	2,161,726	1,654,149	1,254,107	905,727	576,585	0	0	0	0	0
Short Long Term Debt	0	1,390,000	959,600	499,900	495,000	665,000	715,000	100,000	3,145,700	170,000	0	0	0	0	0	0	0	0
Short Long Term Debt Total	3,095,400	3,955,500	3,610,000	3,524,200	3,399,700	2,723,300	3,008,800	2,387,000	3,167,990	1,436,932	1,275,887	1,461,425	1,105,886	839,543	594,169	669,754	438,330	-
Short Term Debt	47,600	1,422,400	1,012,500	553,000	540,000	672,800	724,400	106,800	874,811	336,058	4,448	195,263	5,554	437,717	66,660	219,398	35,171	0
Short Term Investments	1,200	4,000	5,000	4,100	3,600	3,300	3,800	3,400	3,576	3,801	3,911	4,883	5,066	5,653	5,445	5,114	28,350	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	4,366,100	6,961,100	7,808,100	7,561,800	7,055,200	5,900,300	6,020,300	4,631,200	5,615,927	2,345,330	2,504,451	2,360,336	1,541,106	1,217,090	996,953	928,877	830,041	0
Total Current Assets	810,100	925,100	902,600	794,200	744,900	644,500	597,600	500,900	604,569	384,483	474,845	390,559	453,654	240,435	225,345	168,927	182,583	0
Total Current Liabilities	771,400	2,319,200	1,843,200	1,430,800	1,491,800	1,324,600	1,337,600	621,600	1,479,257	771,270	431,179	585,350	349,650	720,882	300,279	504,899	355,426	0
Total Liab	4,043,900	5,193,400	4,965,600	4,863,600	4,794,400	3,829,700	4,094,900	3,298,800	4,243,916	2,134,287	1,956,862	2,104,745	1,639,596	1,331,532	1,031,902	1,938,700	2,033,389	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	310,000	1,749,300	2,816,500	2,698,200	2,260,800	2,070,600	1,925,400	1,332,400	1,372,011	211,043	547,589	255,591	-98,490	-114,442	-34,949	-1,009,823	-1,203,348	0
Treasury Stock	0	0	-4,638,100	-4,179,300	-3,849,900	-3,563,200	-3,150,500	-2,891,400	-2,571,190	-2,533,764	-1,864,967	-1,605,376	-1,471,042	-1,106,321	-683,994	-683,994	-678,993	0
Warrants	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
Accounts Payable	158,400	300,900	283,700	257,400	292,800	312,200	276,200	251,200	320,700	440,000	386,900	380,200	99,300	369,300	322,400	315,600	375,000	362,800	236,700	236,300	263,500	243,700	216,400	223,800	225,400	210,200	161,400	162,100	183,100	192,301	163,413	179,671	245,664	266,467	246,361	142,471	87,432	164,288	157,350	156,893	109,727	171,285	157,961	150,261	109,667	176,464	-97,284	147,886	167,004	146,358	125,948	88,458	111,995	99,285	81,571	78,001	101,401	100,979	84,668	66,388	83,381	0	0	0	29,817
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
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
Accumulated Other Comprehensive Income	58,200	15,800	45,700	29,400	-731,200	-916,100	-683,400	-465,000	-394,600	-428,600	-348,900	-366,200	-375,700	-540,900	-657,200	-658,700	-486,900	-678,400	-592,200	-532,300	-591,900	-509,600	-474,200	-309,300	-412,300	-443,300	-526,400	-616,900	-650,800	-518,934	-457,143	-316,777	-242,052	-179,417	-83,873	-80,058	-80,514	-42,861	-42,377	-42,822	-43,488	-86,592	-88,338	-88,927	-89,160	-76,853	-77,354	-77,403	-78,287	-53,656	-53,508	-54,837	-55,803	-50,952	-52,184	-52,685	-53,628	-75,561	-79,130	-81,340	-82,434	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	263,200	228,500	248,500	240,000	223,600	258,000	280,000	287,500	309,200	314,700	324,200	331,900	335,000	300,000	289,000	245,100	256,400	287,400	291,100	295,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	100	100	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,367,700	2,315,500	0	2,733,500	2,707,100	2,632,500	2,608,700	2,567,400	2,534,900	2,515,300	2,490,900	2,464,600	2,432,800	2,404,600	2,369,100	2,357,300	2,336,900	2,301,900	2,283,000	2,265,300	2,235,000	2,201,900	2,180,100	2,165,800	2,153,800	2,134,100	2,121,600	2,100,989	2,071,497	2,038,747	2,023,390	1,999,779	1,971,270	1,190,490	1,171,196	1,256,541	1,240,862	1,224,122	1,202,106	1,156,175	1,116,948	1,077,758	1,044,746	991,739	963,052	917,884	874,808	837,473	807,855	766,528	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	302,700	416,800	308,700	231,900	112,500	276,800	480,700	397,900	280,300	302,100	276,300	390,900	218,800	221,800	309,400	204,400	184,600	311,800	153,300	179,500	139,500	147,600	132,000	149,800	142,300	142,000	140,700	155,000	135,100	164,787	196,402	131,818	138,348	168,825	145,491	152,847	39,359	432,490	419,448	427,376	165,801	180,203	172,587	267,358	89,819	97,770	97,198	114,930	191,603	52,846	51,970	101,238	54,974	107,255	106,827	130,992	71,527	60,560	45,962	45,006	33,185	0	0	0	24,049
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
Cash And Short Term Investments	302,700	416,800	308,700	231,900	112,500	276,800	480,700	397,900	280,300	302,100	276,300	390,900	218,800	221,800	309,400	204,400	184,600	311,800	153,300	179,500	139,500	151,600	135,800	153,600	146,100	145,700	144,300	158,600	138,500	168,244	199,774	135,290	141,924	172,455	149,216	156,702	43,160	436,220	423,285	431,294	169,712	184,717	176,841	272,499	94,702	102,665	101,980	119,898	196,669	57,674	57,321	106,841	60,627	112,605	111,894	136,538	76,972	65,912	50,985	49,785	38,299	0	0	0	0
Common Stock	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	136	135	132	132	130	130	100	100	100	100	0	0	0	100
Common Stock Shares Outstanding	145,393	145,743	145,500	152,709	156,975	157,979	159,124	161,639	163,080	162,793	163,047	164,437	164,437	165,731	165,103	165,724	166,219	166,780	166,697	166,545	167,347	168,201	168,651	168,993	168,333	167,957	168,314	170,151	170,201	171,786	171,219	171,481	172,567	172,171	167,586	161,481	161,481	169,522	169,504	170,421	170,421	172,155	172,468	172,761	172,761	171,661	171,901	171,351	171,351	171,170	174,634	176,964	176,964	187,189	189,542	189,455	189,455	179,851	179,824	180,604	179,851	189,668	189,668	166,219	0
Common Stock Total Equity	0	0	100	100	0	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	137	136	135	132	132	130	130	100	100	100	100	0	0	0	0
Current Deferred Revenue	375,100	423,800	468,700	549,500	321,700	560,100	659,600	707,000	501,000	584,400	655,300	723,900	466,700	531,700	617,500	668,400	440,100	460,400	559,900	602,100	383,100	433,200	513,000	586,600	384,700	390,000	449,000	501,600	330,800	355,459	431,171	486,551	356,951	366,924	436,001	359,527	252,592	254,160	309,175	343,827	226,581	244,160	287,571	314,448	200,705	6,199	253,880	0	176,842	0	0	247,064	8,163	155,867	182,275	214,295	6,698	0	0	15,004	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	15,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,480	23,340	20,977	21,548	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	141,400	0	384,500	410,100	435,000	470,500	434,800	0	0	396,900	369,200	348,200	349,600	356,000	322,200	351,000	354,200	0	341,600	349,600	356,500	0	384,100	337,500	329,400	0	305,694	314,705	342,166	396,430	401,422	463,561	203,383	202,540	194,871	194,523	194,305	198,604	143,432	135,257	134,499	133,761	80,755	41,880	39,868	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
Good Will	1,760,800	1,731,800	1,755,200	1,705,500	1,676,000	3,655,600	3,820,400	3,957,600	4,331,200	4,129,500	4,168,900	4,135,600	4,108,100	3,924,900	3,744,100	3,742,600	3,864,300	3,367,000	3,400,700	3,431,700	3,361,500	3,339,000	3,372,700	3,454,200	3,368,700	3,188,800	2,733,800	2,653,300	2,578,100	2,632,178	2,629,941	2,703,914	3,134,826	3,119,485	3,057,642	1,207,144	1,207,146	1,184,374	1,184,374	1,184,374	1,181,681	1,250,888	1,249,271	1,248,261	1,247,459	1,220,384	934,762	933,298	709,944	712,561	712,561	632,668	632,668	503,240	501,996	494,283	490,829	489,245	487,219	487,003	447,372	0	0	0	339,891
Intangible Assets	471,700	481,500	508,000	505,900	504,800	1,090,500	1,183,400	1,280,100	1,225,900	1,265,300	1,319,000	1,355,700	1,384,800	1,316,300	1,264,300	1,306,600	1,398,900	1,141,200	1,193,900	1,249,000	1,227,800	1,255,300	1,289,500	1,356,600	1,345,300	1,256,200	1,052,000	1,027,200	1,010,800	1,069,089	1,104,262	1,191,470	1,376,745	1,415,566	1,655,565	392,335	406,476	406,560	420,747	434,968	447,618	471,139	486,532	503,728	520,935	530,023	363,555	375,742	226,424	232,533	241,330	191,774	200,229	94,113	100,228	107,248	108,526	118,338	119,547	128,011	112,713	0	0	0	481,051
Inventory	84,500	89,800	91,400	80,100	446,300	102,400	108,200	157,200	102,600	102,900	98,800	82,900	81,200	82,300	81,600	66,600	75,000	71,900	62,400	59,800	63,900	59,400	61,100	52,600	38,100	42,400	39,200	25,000	28,900	28,616	30,870	93,313	40,741	50,898	42,248	34,511	41,851	36,226	42,259	31,482	72,526	37,946	41,511	42,418	61,620	41,001	44,105	42,119	25,723	27,272	29,696	29,171	21,472	22,445	26,089	25,535	20,560	21,219	21,869	22,434	17,500	0	0	0	0
Liabilities And Stockholders Equity	4,366,100	4,363,900	4,315,700	4,190,000	6,961,100	6,974,600	7,508,900	8,159,000	7,808,100	7,662,500	7,713,600	7,810,500	7,561,800	7,219,600	7,007,900	6,928,100	7,055,200	6,289,100	6,234,000	6,341,100	5,900,300	5,851,100	6,039,600	6,246,900	6,020,300	5,628,200	4,898,700	4,748,700	4,631,200	4,685,051	4,725,063	5,459,147	5,615,927	5,619,097	5,775,663	2,404,499	2,345,330	2,677,700	2,675,277	2,640,004	2,504,451	2,429,872	2,439,351	2,516,347	2,360,336	2,303,433	1,853,343	1,892,043	1,541,106	1,379,933	1,408,089	1,286,431	1,217,090	1,049,411	1,053,268	1,085,679	996,953	1,019,376	1,009,335	1,020,386	928,877	0	0	0	0
Long Term Debt	2,832,200	2,854,400	2,842,100	2,837,900	2,341,900	2,341,500	2,341,600	2,341,300	2,341,200	2,340,900	2,689,900	2,699,600	2,689,300	2,689,000	2,690,700	2,648,600	2,648,300	2,647,600	2,426,700	2,425,900	2,050,500	2,030,100	2,029,200	2,028,300	2,284,400	2,278,800	2,276,600	2,281,000	2,280,200	2,279,443	2,273,032	2,271,879	2,293,179	2,292,892	2,293,864	1,100,358	1,100,874	1,136,205	1,135,645	1,270,992	1,271,439	1,271,170	1,266,910	1,266,467	1,266,162	1,301,683	1,054,395	1,099,285	1,100,332	853,580	854,499	700,520	401,826	401,879	476,767	527,076	527,509	527,894	528,694	0	450,356	0	0	0	403,159
Long Term Debt Total	0	0	2,842,100	2,837,900	0	2,343,700	2,342,900	2,342,800	2,342,800	2,343,100	2,700,300	2,699,600	2,699,600	2,698,900	2,690,700	2,652,400	2,651,600	2,668,400	2,447,200	2,443,300	2,050,500	2,044,900	2,044,200	2,041,100	2,284,400	2,278,800	2,276,600	2,281,000	2,280,200	2,279,443	2,273,032	2,271,879	2,293,179	2,292,892	2,293,864	1,100,358	1,100,874	1,136,205	1,135,645	1,270,992	1,271,439	1,271,170	1,266,910	1,266,467	1,266,162	1,301,683	1,054,395	1,099,285	1,100,332	853,580	854,499	700,520	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	231,400	0	0	0	229,800	0	0	0	216,200	0	0	0	0	0	0	0	13,100	13,100	0	0	0	0	0	0	8,400	0	0	0	0	0	0	0	8,500	0	0	0	8,487	0	0	0	0	0	0	0	0	0	0	0	0	1,708	1,773	1,773	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
Net Debt	2,792,700	2,678,500	2,770,900	2,848,600	3,843,000	3,387,700	3,265,800	3,515,700	3,329,700	3,107,900	3,127,800	3,080,600	3,305,400	3,216,900	3,117,800	3,129,300	3,215,100	2,633,200	2,634,500	2,711,800	2,583,800	2,439,600	2,649,100	2,632,200	2,866,500	2,739,700	2,262,700	2,132,600	2,251,900	2,121,555	2,078,886	2,849,204	3,029,642	3,029,540	3,174,170	1,153,389	1,397,573	844,170	855,978	847,933	1,110,086	1,130,426	1,232,193	1,183,088	1,371,606	1,469,707	1,158,980	1,114,833	914,283	966,404	973,192	729,279	784,569	422,949	423,875	400,807	522,642	598,862	643,104	594,081	636,569	0	0	0	0
Net Invested Capital	3,142,200	3,251,300	3,125,100	2,908,900	5,481,200	5,395,500	5,818,400	6,284,700	6,117,300	5,809,700	5,833,400	5,895,900	5,887,400	5,560,000	5,314,300	5,169,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	357,700	370,000	402,100	433,300	334,300	498,800	553,600	528,300	483,000	489,000	498,200	519,500	457,800	459,400	454,500	523,300	467,500	428,800	468,000	444,600	390,400	336,100	370,200	432,200	374,300	320,100	318,500	302,000	313,200	241,175	247,074	305,873	368,952	311,209	332,561	239,430	286,180	218,823	206,473	180,950	225,893	209,958	240,562	205,997	224,405	184,058	204,950	218,287	190,014	158,550	179,305	167,981	151,270	143,156	139,545	132,896	106,157	111,002	115,617	116,902	96,941	0	0	0	0
Net Tangible Assets	0	0	-1,461,200	-2,143,000	-876,500	-2,757,100	2,351,900	2,658,600	2,816,500	-2,680,400	-2,734,400	2,756,300	-2,794,700	-2,819,900	2,176,100	-2,968,700	-3,002,400	-2,444,500	-2,383,900	-2,510,200	-2,518,700	-2,452,200	-2,588,600	-2,626,500	-2,788,600	-2,772,400	-2,319,900	-2,294,900	-2,256,500	-2,225,837	-2,284,339	-2,604,919	-3,139,560	-3,221,415	-3,468,885	-1,267,757	-1,402,579	-864,950	-928,836	-1,019,816	-1,081,710	-1,239,025	-1,370,298	-1,399,465	-1,512,803	-1,608,359	-1,251,635	-1,319,298	-1,034,858	-1,103,967	-1,098,331	-933,533	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	38,700	144,100	54,000	-99,300	-1,394,100	-1,061,900	-925,900	-1,285,200	-940,600	-909,000	-575,200	-581,300	-636,600	-623,200	-611,600	-783,900	-746,900	-142,600	-210,500	-323,500	-680,100	-625,500	-841,200	-849,500	-740,000	-658,400	-214,400	-158,600	-120,700	-92,189	-118,249	-830,096	-874,688	-922,996	-1,100,066	-255,777	-386,787	144,312	95,820	163,564	43,666	4,692	-91,527	-97,879	-194,791	-306,920	-214,764	-147,716	104,004	-234,237	-216,123	-180,772	-480,447	-107,206	-38,119	-9,283	-74,934	-170,556	-213,395	-354,318	-335,972	0	0	0	0
Non Current Assets Total	3,556,000	3,435,700	3,460,900	3,399,200	6,036,000	6,056,200	6,322,300	7,039,600	6,905,500	6,728,400	6,794,900	6,768,900	6,767,600	6,419,900	6,129,200	6,114,100	6,310,300	5,458,100	5,523,700	5,606,200	5,255,800	5,258,300	5,414,500	5,538,300	5,422,700	5,083,500	4,375,900	4,234,900	4,130,300	4,220,750	4,228,146	4,872,364	5,011,358	5,001,335	5,165,676	1,950,506	1,960,847	1,972,048	1,970,714	1,960,800	2,029,606	1,968,542	1,945,742	1,963,804	1,969,777	1,942,096	1,455,848	1,472,203	1,087,452	1,108,169	1,112,612	974,733	976,655	763,639	767,778	769,830	771,608	798,613	796,840	816,156	759,950	0	0	0	0
Non Current Liabilities Other	14,600	16,400	227,700	37,000	17,900	42,200	42,400	300,700	54,400	307,700	51,200	47,300	336,300	307,300	302,600	247,700	295,000	261,200	304,300	314,700	0	104,200	105,900	106,900	0	89,600	81,500	80,300	0	67,994	72,296	137,758	75,050	70,389	63,863	59,266	59,603	59,300	60,081	59,541	55,640	75,630	86,543	112,435	119,472	110,690	98,127	195,592	189,614	179,225	186,430	202,532	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	3,272,500	3,184,600	3,209,100	3,220,300	2,874,200	2,988,300	3,026,400	3,078,500	3,122,400	3,085,600	3,449,500	3,416,100	3,432,800	3,375,400	3,341,500	3,249,700	3,302,600	3,251,800	3,102,500	3,112,200	2,505,100	2,490,700	2,499,700	2,504,500	2,757,300	2,752,500	2,695,600	2,690,700	2,677,200	2,653,131	2,660,033	2,751,803	2,764,659	2,764,703	2,821,288	1,363,007	1,363,017	1,390,376	1,390,249	1,524,838	1,525,683	1,490,232	1,488,710	1,513,401	1,519,395	1,493,128	1,194,402	1,334,745	1,289,946	1,032,805	1,040,929	903,052	610,650	594,289	676,084	732,295	731,623	1,826,574	1,611,934	1,452,947	1,433,801	0	0	0	0
Non Currrent Assets Other	264,700	157,000	155,700	154,700	2,870,200	31,600	32,100	929,100	214,300	392,700	382,900	358,000	365,700	325,000	309,300	297,900	270,600	130,600	120,900	116,800	99,500	130,100	234,700	221,900	214,500	183,800	170,200	160,800	125,900	121,092	119,778	598,803	48,697	74,659	66,376	24,475	26,363	27,255	92,718	89,727	105,979	27,399	24,011	44,686	47,299	46,890	23,800	38,382	21,193	27,699	28,326	26,196	26,697	16,661	15,381	16,079	16,831	12,379	7,872	15,895	8,910	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	11,800	11,200	0	17,000	18,100	17,300	26,000	19,400	16,700	15,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	389,800	395,100	3,131,700	35,800	445,400	726,800	437,100	401,400	392,000	367,000	643,000	189,900	172,500	163,500	267,300	128,200	132,000	128,200	110,600	-900	250,400	238,500	4,944,400	4,645,700	3,972,400	3,857,100	3,750,000	3,864,883	3,893,515	4,530,375	4,593,190	4,609,710	4,779,583	1,646,677	1,658,574	1,690,701	1,697,839	1,709,069	1,796,233	1,749,426	1,759,814	1,796,675	1,815,693	1,797,297	1,322,117	1,347,422	968,041	997,841	1,004,967	873,959	883,246	680,068	681,525	681,558	682,443	711,384	712,562	0	677,363	0	0	0	562,022
Other Current Assets	65,200	51,600	52,600	45,500	32,000	40,400	44,100	36,000	36,700	40,100	45,400	48,300	36,400	36,200	33,200	19,700	17,800	18,500	26,600	51,000	50,700	46,600	58,000	70,200	39,100	36,500	20,800	28,200	20,300	26,266	19,199	52,307	52,952	83,200	85,962	23,350	13,292	14,383	32,546	35,478	6,714	28,709	34,695	31,629	9,832	33,613	46,460	39,536	41,248	28,268	29,155	7,705	7,066	7,566	7,962	20,880	21,656	22,630	24,024	15,109	16,187	0	0	0	38,735
Other Current Liab	190,300	3,100	1,800	44,600	282,300	5,100	4,100	114,200	9,000	10,800	9,700	16,500	311,800	22,300	59,500	131,200	136,700	86,100	4,200	2,500	5,200	433,200	513,000	6,800	3,100	390,000	449,000	2,100	900	1,831	18,326	41,514	1,831	1,894	1,894	1,894	95,188	2,437	2,437	10,603	90,423	1,734	1,734	1,734	79,715	219,800	253,880	437,078	250	193,973	340,937	26,951	163,007	9,501	5,828	28,113	125,520	259,791	265,518	287,190	202,120	0	0	0	281,260
Other Liab	0	0	0	178,400	341,100	426,700	452,500	0	524,900	483,500	487,400	446,900	461,600	436,300	405,200	398,700	442,900	371,100	434,700	438,400	454,600	445,800	455,500	463,400	135,100	89,600	81,500	80,300	74,800	67,994	72,296	137,758	75,050	70,389	63,863	59,266	59,603	59,300	60,081	59,541	55,640	75,630	86,543	112,435	119,472	110,690	98,127	195,592	189,614	179,225	186,430	202,532	208,824	192,410	199,317	205,219	204,114	236,611	241,123	0	233,906	0	0	0	103,616
Other Stockholder Equity	-6,165,200	-5,923,200	-5,905,600	-5,967,800	-3,518,700	-3,081,100	-2,810,300	-2,573,400	-2,029,400	-2,002,800	-1,888,700	-1,761,700	-1,688,400	-1,668,300	-1,655,600	-1,614,300	-1,480,800	-1,394,600	-1,342,500	-1,333,300	-1,280,200	-1,145,700	-1,082,700	-983,400	-970,400	-987,600	-990,500	-859,300	-769,800	-649,451	-609,231	-647,260	-547,800	-555,053	-588,097	-1,341,192	-1,362,729	-788,071	-739,239	-727,454	-663,167	-597,427	-616,737	-544,924	-561,113	-588,664	-600,618	-584,178	-596,925	-601,621	-516,349	-414,093	-352,601	-114,970	-59,427	-25,843	-32,726	-683,994	-683,994	-683,994	-683,994	0	0	0	0
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
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	1,062,069	842,117	0	749,539	0	0	0	1,171,188
Property Plant And Equipment Gross	1,788,300	802,500	581,900	561,100	723,500	865,500	646,900	635,900	0	0	915,000	910,600	632,000	844,200	802,400	757,900	766,700	808,600	797,100	797,300	555,900	518,500	501,900	489,000	478,300	437,800	403,500	377,800	380,300	355,867	334,631	341,989	418,168	391,625	386,093	303,829	302,273	281,347	272,875	251,731	233,373	219,116	185,928	167,129	154,084	144,799	133,731	124,781	119,411	110,328	107,645	100,774	93,409	83,571	86,253	88,272	89,165	87,229	84,278	87,071	82,587	0	0	0	0
Property Plant And Equipment Net	796,600	802,500	778,800	763,600	723,500	865,500	873,100	867,800	911,300	932,200	915,000	910,600	899,900	844,200	802,400	757,900	766,700	808,600	797,100	797,300	555,900	518,500	501,900	489,000	478,300	437,800	403,500	377,800	380,300	355,867	334,631	341,989	418,168	391,625	386,093	303,829	302,273	281,347	272,875	251,731	233,373	219,116	185,928	167,129	154,084	144,799	133,731	124,781	119,411	110,328	107,645	100,774	93,409	83,571	86,253	88,272	89,165	87,229	84,278	87,071	82,587	0	0	0	0
Property Plant Equipment	0	0	581,900	561,100	278,500	652,000	646,900	635,900	658,200	932,200	915,000	646,600	632,300	606,400	560,100	549,300	548,100	586,500	566,500	557,700	555,900	518,500	501,900	489,000	478,300	437,800	403,500	377,800	380,300	355,867	334,631	341,989	418,168	391,625	386,093	303,829	302,273	281,347	272,875	251,731	319,318	219,116	185,928	167,129	154,084	144,799	133,731	124,781	119,411	110,328	107,645	100,774	93,409	83,571	86,253	88,272	89,165	87,229	84,278	0	82,587	0	0	0	85,436
Retained Earnings	6,416,900	6,291,800	6,153,800	6,006,700	5,999,100	5,986,100	5,845,500	5,696,900	5,240,400	5,145,700	4,991,000	4,884,100	4,762,200	4,630,400	4,488,800	4,353,400	4,228,400	4,136,600	4,145,300	4,036,000	3,942,600	3,796,400	3,630,400	3,476,900	3,308,000	3,103,400	2,982,700	2,861,700	2,752,900	2,643,678	2,516,101	2,254,365	2,161,726	2,047,969	1,916,155	1,752,835	1,654,149	1,556,779	1,457,764	1,369,665	1,254,107	1,166,884	1,070,443	986,238	905,727	807,428	724,517	651,186	576,585	496,267	425,280	359,703	293,827	227,934	165,054	106,650	51,275	-439,062	-265,465	-225,875	-243,495	0	0	0	0
Retained Earnings Total Equity	0	0	6,153,800	6,006,700	0	5,986,100	5,845,500	5,696,900	5,240,400	5,145,700	4,991,000	4,884,100	4,762,200	4,630,400	4,488,800	4,353,400	4,228,400	4,136,600	4,145,300	4,036,000	3,942,600	3,796,400	3,630,400	3,476,900	3,308,000	3,103,400	2,982,700	2,861,700	2,752,900	2,643,678	2,516,101	2,254,365	2,161,726	2,047,969	1,916,155	1,752,835	1,654,149	1,556,779	1,457,764	1,369,665	1,254,107	1,166,884	1,070,443	986,238	905,727	807,428	724,517	651,186	576,585	496,267	425,280	359,703	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	12,400	0	2,600	1,390,000	1,065,000	1,124,900	1,284,800	959,600	754,400	390,000	450,000	499,900	449,700	449,600	440,000	495,000	10,000	70,000	170,000	250,000	249,800	249,700	249,500	3,008,800	2,881,700	2,403,400	6,600	2,387,000	6,899	2,256	709,143	3,145,700	0	0	0	170,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	3,095,400	3,095,300	3,079,600	3,080,500	3,955,500	3,664,500	3,746,500	3,913,600	3,610,000	3,410,000	3,404,100	3,471,500	3,524,200	3,438,700	3,427,200	3,333,700	3,399,700	2,945,000	2,787,800	2,891,300	2,723,300	2,587,200	2,781,100	2,782,000	3,008,800	2,881,700	2,403,400	2,287,600	2,387,000	2,286,342	2,275,288	2,981,022	3,167,990	3,198,365	3,319,661	1,306,236	1,436,932	1,276,660	1,275,426	1,275,309	1,275,887	1,310,629	1,404,780	1,450,446	1,461,425	1,567,477	1,256,178	1,229,763	1,105,886	1,019,250	1,025,162	830,517	839,543	530,204	530,702	531,799	594,169	659,422	689,066	639,087	669,754	0	0	0	0
Short Term Debt	47,600	56,300	46,600	38,600	1,422,400	1,102,900	1,172,600	1,332,200	1,012,500	807,900	442,000	502,300	553,000	499,600	490,900	482,700	540,000	64,300	120,000	217,500	672,800	542,300	736,900	740,900	724,400	602,900	126,800	6,600	106,800	6,899	2,256	709,143	874,811	905,473	1,025,797	205,878	336,058	140,455	139,781	4,317	4,448	39,459	137,870	183,979	195,263	265,794	201,783	130,478	5,554	165,670	170,663	129,997	437,717	128,325	53,935	4,723	66,660	131,528	160,372	189,966	219,398	0	0	0	0
Short Term Investments	1,200	1,300	2,500	3,400	4,000	3,800	3,900	0	0	0	0	0	0	0	0	0	3,600	3,400	0	0	3,300	4,000	3,800	3,800	3,800	3,700	3,600	3,600	3,400	3,457	3,372	3,472	3,576	3,630	3,725	3,855	3,801	3,730	3,837	3,918	3,911	4,514	4,254	5,141	4,883	4,895	4,782	4,968	5,066	4,828	5,351	5,603	5,653	5,350	5,067	5,546	5,445	5,352	5,023	4,779	5,114	0	0	0	28,403
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
Total Assets	4,366,100	4,363,900	4,315,700	4,190,000	6,961,100	6,974,600	7,508,900	8,159,000	7,808,100	7,662,500	7,713,600	7,810,500	7,561,800	7,219,600	7,007,900	6,928,100	7,055,200	6,289,100	6,234,000	6,341,100	5,900,300	5,851,100	6,039,600	6,246,900	6,020,300	5,628,200	4,898,700	4,748,700	4,631,200	4,685,051	4,725,063	5,459,147	5,615,927	5,619,097	5,775,663	2,404,499	2,345,330	2,677,700	2,675,277	2,640,004	2,504,451	2,429,872	2,439,351	2,516,347	2,360,336	2,303,433	1,853,343	1,892,043	1,541,106	1,379,933	1,408,089	1,286,431	1,217,090	1,049,411	1,053,268	1,085,679	996,953	1,019,376	1,009,335	1,020,386	928,877	0	0	0	830,041
Total Current Assets	810,100	928,200	854,800	790,800	925,100	918,400	1,186,600	1,119,400	902,600	934,100	918,700	1,041,600	794,200	799,700	878,700	814,000	744,900	831,000	710,300	734,900	644,500	593,700	625,100	708,600	597,600	544,700	522,800	513,800	500,900	464,301	496,917	586,783	604,569	617,762	609,987	453,993	384,483	705,652	704,563	679,204	474,845	461,330	493,609	552,543	390,559	361,337	397,495	419,840	453,654	271,764	295,477	311,698	240,435	285,772	285,490	315,849	225,345	220,763	212,495	204,230	168,927	0	0	0	0
Total Current Liabilities	771,400	784,100	800,800	890,100	2,319,200	1,980,300	2,112,500	2,404,600	1,843,200	1,843,100	1,493,900	1,622,900	1,430,800	1,422,900	1,490,300	1,597,900	1,491,800	973,600	920,800	1,058,400	1,324,600	1,219,200	1,466,300	1,558,100	1,337,600	1,203,100	737,200	672,400	621,600	556,490	615,166	1,416,879	1,479,257	1,540,758	1,710,053	709,770	771,270	561,340	608,743	515,640	431,179	456,638	585,136	650,422	585,350	668,257	612,259	567,556	349,650	506,001	511,600	492,470	720,882	392,978	323,609	325,132	300,279	391,319	425,890	558,548	504,899	0	0	0	355,426
Total Liab	4,043,900	3,968,700	4,009,900	4,110,400	5,193,400	4,968,600	5,138,900	5,483,100	4,965,600	4,928,700	4,943,400	5,039,000	4,863,600	4,798,300	4,831,800	4,847,600	4,794,400	4,225,400	4,023,300	4,170,600	3,829,700	3,709,900	3,966,000	4,062,600	4,094,900	3,955,600	3,432,800	3,363,100	3,298,800	3,209,621	3,275,199	4,168,682	4,243,916	4,305,461	4,531,341	2,072,777	2,134,287	1,951,716	1,998,992	2,040,478	1,956,862	1,946,870	2,073,846	2,163,823	2,104,745	2,161,385	1,806,661	1,902,301	1,639,596	1,538,806	1,552,529	1,395,522	1,331,532	987,267	999,693	1,057,427	1,031,902	2,217,893	2,037,824	2,011,495	1,938,700	0	0	0	862,201
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
Total Stockholder Equity	310,000	384,500	294,000	68,400	1,749,300	1,989,000	2,351,900	2,658,600	2,816,500	2,714,400	2,753,500	2,756,300	2,698,200	2,421,300	2,176,100	2,080,500	2,260,800	2,063,700	2,210,700	2,170,500	2,070,600	2,141,200	2,073,600	2,184,300	1,925,400	1,672,600	1,465,900	1,385,600	1,332,400	1,475,430	1,449,864	1,290,465	1,372,011	1,313,636	1,244,322	331,722	211,043	725,984	676,285	599,526	547,589	483,002	365,505	352,524	255,591	142,048	46,682	-10,258	-98,490	-158,873	-144,440	-109,091	-114,442	62,144	53,575	28,252	-34,949	-1,198,517	-1,028,489	-991,109	-1,009,823	0	0	0	0
Treasury Stock	0	0	0	0	0	-5,814,600	-5,517,400	-5,205,900	-4,638,100	-4,570,200	-4,423,600	-4,277,000	-4,179,300	-4,132,900	-4,088,400	-4,018,900	-3,849,900	-3,751,900	-3,679,400	-3,635,200	-3,563,200	-3,411,000	-3,317,700	-3,185,300	-3,150,500	-3,153,400	-3,144,300	-2,993,400	-2,891,400	-2,750,440	-2,680,728	-2,686,007	-2,571,190	-2,554,832	-2,559,263	-2,531,547	-2,533,764	-2,044,415	-1,979,871	-1,951,306	-1,864,967	-1,753,231	-1,733,283	-1,622,240	-1,605,376	-1,579,859	-1,563,079	-1,501,414	-1,471,042	-1,438,315	-1,323,368	-1,179,704	-1,106,321	-819,564	-748,895	-683,994	-683,994	-683,994	-683,994	0	-683,994	0	0	0	-678,993
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

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
Begin Period Cash Flow	292,700	280,300	218,800	184,600	139,500	142,300	135,100	138,300	39,359	165,801	89,819	191,603	54,974	71,527	33,185	24,049	99,152
Capital Expenditures	230,000	274,700	268,400	246,800	216,800	231,000	183,500	156,500	166,138	146,818	145,976	74,373	59,829	38,641	38,694	30,652	32,941
Cash And Cash Equivalents Changes	0	0	64,800	27,200	39,300	-2,800	7,200	-3,200	98,989	-126,442	75,982	-101,784	136,629	0	0	0	0
Cash Flows Other Operating	0	0	-33,200	-108,800	51,600	-40,400	-30,600	-16,600	-3,602	-9,625	-2,386	550	41,007	0	0	0	0
Change In Cash	10,000	12,400	61,500	34,200	45,100	-2,800	7,200	-3,200	98,989	-126,442	75,982	-101,784	136,629	-16,553	38,342	9,136	-75,103
Change In Working Capital	-73,400	-23,500	-153,200	-77,400	152,600	-15,100	-13,500	-39,100	-14,336	-31,435	47,388	-10,104	10,479	28,506	38,265	-8,035	10,798
Change Receivables	0	0	-29,700	1,800	-70,300	-17,400	-45,500	-5,700	-14,609	-54,515	2,106	-6,425	-25,926	0	0	0	0
Change To Account Receivables	-83,000	-57,700	-29,700	1,800	-70,300	-17,400	-45,500	-5,700	-14,609	-54,515	2,106	-6,425	-25,926	-24,559	-1,990	3,609	3,908
Change To Inventory	-46,500	0	-75,100	-124,700	-150,900	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	43,300	-89,900	29,600	170,400	30,500	62,600	-16,800	-11,727	32,705	47,668	-4,229	-7,834	4,340	2,986	3,075	1,759
Change To Netincome	0	-212,500	257,200	73,000	27,100	62,700	-39,700	-235,600	-82,335	-25,276	-26,139	42,655	5,442	44,553	19,372	0	13,062
Change To Operating Activities	0	-34,700	-69,400	-124,200	45,600	-53,700	-48,400	-31,300	1,100	-25,400	0	0	0	0	0	0	0
Depreciation	281,400	340,000	383,600	358,100	323,700	296,100	237,400	224,600	215,484	143,483	134,578	104,199	78,619	68,126	71,199	64,872	65,759
Dividends Paid	196,800	195,200	188,200	175,800	163,500	163,500	163,500	163,500	2,112,797	0	0	0	0	0	0	0	0
End Period Cash Flow	302,700	292,700	280,300	218,800	184,600	139,500	142,300	135,100	138,348	39,359	165,801	89,819	191,603	54,974	71,527	33,185	24,049
Exchange Rate Changes	0	0	0	0	0	-2,000	6,700	-9,700	606	-1,286	-840	15	-183	0	0	0	0
Free Cash Flow	830,700	784,300	887,300	821,400	739,500	703,400	560,000	389,600	457,549	342,634	360,944	393,856	315,892	297,391	287,707	217,254	215,580
Investments	2,721,700	301,400	-32,800	-94,800	-927,900	400	100	9,200	85,410	5,000	1,053	-2,102	481	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
Net Borrowings	0	430,000	110,000	489,100	693,400	-300,000	159,500	-770,500	880,024	160,000	360,000	347,224	253,724	0	0	0	0
Net Income	614,400	954,300	666,300	712,700	449,900	598,700	555,100	591,200	507,577	400,042	348,380	329,142	282,758	242,552	126,614	158,228	150,374
Other Cashflows From Financing Activities	-37,000	877,500	-30,000	-58,400	-27,700	68,800	638,800	64,000	4,233,418	199,406	182,939	823,054	901,996	311,274	107,685	320,473	128,187
Other Cashflows From Investing Activities	0	-2,300	-290,800	-254,200	-711,100	-34,800	-922,100	640,500	-2,925,589	35,192	-703	-807,108	-144,781	0	0	0	0
Other Non Cash Items	131,600	-7,300	153,500	-3,900	16,700	-2,100	6,300	-289,900	-125,606	-82,733	-103,583	-56,076	-40,112	-34,744	65,389	3,065	19,044
Sale Purchase Of Stock	-2,799,800	-1,662,500	-475,000	-348,800	-300,000	-438,600	-276,300	-326,800	-20,456	-778,484	-277,411	-162,275	-381,776	-420,061	-46,740	-392,562	-204,770
Stock Based Compensation	54,000	56,500	55,700	47,600	42,700	38,500	31,800	44,500	44,618	35,604	36,017	37,807	22,656	21,298	12,744	9,881	8,244
Total Cash From Financing Activities	-3,786,500	-1,330,200	-498,900	-445,200	10,900	-669,800	362,500	-1,032,800	2,481,013	-579,078	-284,472	313,555	-34,780	-108,787	-102,809	-107,376	-212,591
Total Cash From Operating Activities	1,060,700	1,059,000	1,155,700	1,068,200	956,300	934,400	743,500	546,100	623,687	489,452	506,920	468,229	375,721	336,032	326,401	247,906	248,521
Total Cashflows From Investing Activities	0	301,400	-592,000	-595,800	-927,900	-265,400	-1,105,500	493,200	-3,006,317	-35,530	-145,626	-883,583	-204,129	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
Begin Period Cash Flow	416,800	308,700	231,900	292,700	276,800	480,700	406,000	280,300	302,100	276,300	390,900	218,800	221,800	309,400	204,400	184,600	311,800	153,300	179,500	139,500	147,600	132,000	149,800	142,300	142,000	140,700	155,000	135,100	164,787	196,402	131,818	138,348	168,825	145,491	152,847	39,359	432,490	419,448	427,376	165,801	180,203	172,587	267,358	89,819	97,770	97,198	114,930	191,603	52,846	51,970	101,238	54,974	107,255	106,827	130,992	71,527	60,560	45,962	45,006	33,185	51,024	50,835	25,898	24,049	0	-	-
Capital Expenditures	56,300	54,300	58,200	61,200	79,700	65,800	69,200	60,000	85,300	61,400	62,500	59,200	72,400	64,800	56,700	52,900	64,000	60,700	46,900	45,200	76,500	55,200	56,100	43,200	69,700	41,300	41,400	31,100	57,930	36,339	31,468	30,763	60,373	45,673	35,332	24,760	43,826	27,228	39,620	36,144	38,061	44,410	35,440	28,065	18,649	19,192	19,090	17,442	17,904	13,754	14,523	13,648	16,435	6,636	8,072	7,498	14,375	8,124	7,836	8,359	8,329	4,513	8,044	9,766	32,941	0	0
Cash And Cash Equivalents Changes	0	0	87,800	-72,600	0	-187,500	87,600	132,300	-24,000	28,300	-115,300	175,800	-8,400	-88,400	104,300	19,700	-131,300	158,500	-27,300	39,400	-8,100	15,600	-17,800	7,500	300	1,300	-14,300	19,900	-29,639	-31,615	64,584	-6,530	-30,477	23,334	-7,356	113,488	-393,131	13,042	-7,928	261,575	-14,402	7,616	-94,771	177,539	-7,951	572	-17,732	-76,673	138,757	876	-49,268	46,264	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash Flows Other Operating	0	0	20,300	-14,900	0	4,600	-20,500	1,500	-5,700	-4,900	-275,600	253,000	4,200	-7,700	-132,700	27,400	30,400	31,800	-17,200	6,600	-5,700	-14,700	-13,100	-6,900	-4,200	-8,200	-13,500	-4,700	-83	-15,014	-5,591	4,088	9,338	-22,687	6,886	2,861	2,477	1,491	-10,961	-2,632	2,341	-3,031	928	-2,624	-106,084	42,416	19,834	44,384	-6,840	51,700	-36,762	32,909	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Change In Cash	-114,100	108,100	76,800	-60,800	15,900	-203,900	74,700	125,700	-21,800	25,800	-114,600	172,100	-3,000	-87,600	105,000	19,800	-127,200	158,500	-26,200	40,000	-8,100	15,600	-17,800	7,500	300	1,300	-14,300	19,900	-29,687	-31,615	64,584	-6,530	-30,477	23,334	-7,356	113,488	-393,131	13,042	-7,928	261,575	-14,402	7,616	-94,771	177,539	-7,951	572	-17,732	-76,673	138,757	876	-49,268	46,264	-52,281	428	-24,165	59,465	10,967	14,598	956	11,821	-17,839	189	24,937	1,849	0	-	-
Change In Working Capital	-93,400	-14,400	-76,300	110,700	-27,000	-6,600	-181,200	191,300	-213,300	-26,700	-72,100	158,900	-56,000	-94,000	-28,500	101,100	-48,400	110,700	-47,400	137,700	-87,300	-4,700	-32,700	109,600	-57,600	-25,900	-75,300	145,300	-98,221	-83,343	29,256	113,208	-61,014	-13,701	-63,450	123,829	-55,374	-43,170	-74,100	141,209	-22,005	11,788	-46,487	104,092	-50,526	35,367	-82,125	87,180	-32,695	40,255	-49,500	52,419	23,296	-11,450	-39,299	55,959	3,108	-4,442	-23,847	63,446	-20,792	-13,403	-9,618	35,778	0	-	-
Change Receivables	0	0	58,200	-185,400	0	21,000	29,800	-133,100	19,200	-7,900	48,500	-89,500	5,400	26,800	66,100	-96,500	-15,800	35,200	-8,100	-81,600	-33,100	18,500	71,900	-74,700	-49,500	-2,300	37,300	-31,000	-38,308	11,429	55,195	-34,016	-54,260	1,670	44,075	-6,094	-30,985	-11,344	-5,108	-7,078	-7,369	18,227	4,033	-12,785	-3,399	10,626	20,827	-34,479	-1,481	-7,466	20,496	-37,475	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Change To Account Receivables	21,300	22,900	58,200	-185,400	24,600	21,000	29,800	-133,100	19,200	-7,900	48,500	-89,500	5,400	26,800	66,100	-96,500	-15,800	35,200	-8,100	-81,600	-33,100	18,500	71,900	-74,700	-49,500	-2,300	37,300	-31,000	-38,308	11,429	55,195	-34,016	-54,260	1,670	44,075	-6,094	-30,985	-11,344	-5,108	-7,078	-7,369	18,227	4,033	-12,785	-3,399	10,626	20,827	-34,479	-1,481	-7,466	20,496	-37,475	16,095	-11,960	14,005	-42,699	14,956	3,310	7,963	-28,219	-536	9,082	15,414	-20,351	3,908	-	-
Change To Inventory	2,400	-32,000	-5,200	0	0	0	0	70,000	-38,400	0	-57,300	-21,000	0	-6,300	-78,000	0	0	29,400	-7,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Change To Liabilities	0	0	-129,500	328,700	-63,800	-32,200	-190,500	322,900	-226,500	-22,000	-63,300	-4,600	-66,100	-113,000	-8,400	217,100	-63,200	43,000	-22,100	212,700	-48,400	-20,800	-91,500	191,200	-3,900	-15,400	-99,100	181,000	-58,366	-81,222	-20,348	143,136	-16,092	-8,286	-114,411	127,062	-26,866	-33,317	-58,031	150,919	-16,977	-3,408	-51,448	119,501	58,957	-17,675	-122,786	77,275	-24,375	-3,876	-36,583	57,000	4,340	0	0	0	2,986	1,359	0	0	3,075	0	0	0	1,759	-	-
Change To Netincome	0	0	100	135,800	146,800	8,800	23,600	-392,000	162,900	16,900	49,600	27,900	35,600	23,800	12,000	1,600	6,800	-10,000	17,000	13,300	37,300	3,900	11,800	9,700	-61,100	5,300	9,500	6,600	18,428	-11,290	-270,993	28,255	-17,646	8,852	-82,238	8,697	30,870	-850	4,403	-59,699	19,532	-2,245	-16,971	-26,455	68,236	-13,425	-19,212	7,056	-15,636	5,275	8,601	7,202	44,553	29,773	16,342	39,342	19,372	8,378	5,637	0	0	0	0	0	13,062	-	-
Change To Operating Activities	0	0	-5,200	-15,000	-11,100	4,500	-25,400	-25,400	-21,200	-7,700	-19,500	-21,000	-20,900	-6,300	-78,000	-19,000	28,200	29,400	-7,500	6,200	-11,500	-2,800	-12,900	-36,200	-48,400	-15,500	-15,800	43,400	-31,300	-24,895	6,504	53,701	1,100	0	0	0	-25,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Depreciation	86,100	67,700	65,300	62,300	67,900	88,300	89,600	94,200	96,600	89,700	103,800	93,500	93,200	90,900	86,900	87,100	85,600	79,100	79,300	79,800	76,000	72,700	73,600	73,700	64,400	61,200	55,700	56,100	50,509	52,179	53,263	68,649	67,417	52,044	57,440	38,583	37,302	36,138	34,944	35,099	35,053	33,097	34,007	32,421	30,535	28,156	25,277	20,231	19,532	19,595	19,732	19,760	17,736	16,193	16,964	17,233	17,679	17,633	18,182	17,705	17,416	16,095	15,413	15,948	0	-	-
Dividends Paid	48,900	49,200	49,500	49,200	48,000	48,600	49,200	49,400	47,200	46,800	47,100	47,100	44,000	43,900	44,000	43,900	40,800	40,800	41,000	40,900	40,900	40,900	40,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
End Period Cash Flow	302,700	416,800	308,700	231,900	292,700	276,800	480,700	406,000	280,300	302,100	276,300	390,900	218,800	221,800	309,400	204,400	184,600	311,800	153,300	179,500	139,500	147,600	132,000	149,800	142,300	142,000	140,700	155,000	135,100	164,787	196,402	131,818	138,348	168,825	145,491	152,847	39,359	432,490	419,448	427,376	165,801	180,203	172,587	267,358	89,819	97,770	97,198	114,930	191,603	52,846	51,970	101,238	54,974	107,255	106,827	130,992	71,527	60,560	45,962	45,006	33,185	51,024	50,835	25,898	24,049	-	-
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,400	-6,000	-600	3,200	2,300	1,100	1,600	1,700	-260	-8,361	235	-1,314	-783	-11,136	12,745	-220	-1,499	-547	253	507	-434	275	-275	-406	145	4	-287	153	-201	-555	235	338	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Free Cash Flow	196,100	195,800	134,700	304,100	169,300	214,400	61,000	339,600	103,300	223,800	170,700	389,500	176,600	142,300	192,800	309,700	112,400	152,900	153,400	320,900	96,900	171,400	151,200	283,800	81,700	121,000	70,500	286,800	24,499	48,847	43,138	273,116	43,270	118,870	49,179	246,230	66,991	64,572	14,387	196,684	82,407	95,351	19,994	163,192	128,583	114,370	-21,268	172,171	34,063	122,913	26,983	131,933	77,790	62,137	27,773	129,691	56,450	62,923	41,300	127,034	45,531	47,604	44,021	80,098	215,580	-	-
Investments	-57,000	-55,300	-3,800	-800	-81,800	-67,900	-800	-43,300	-4,500	-6,000	-15,100	-73,700	-23,000	-8,000	-58,200	-63,800	-653,400	-5,100	600	-120,300	6,600	300	-5,800	-400	35,900	-23,400	-12,400	100	453	8,489	165	93	-4	127	85,347	-60	9,702	49	-9,751	5,000	-208	-37	841	457	-263	86	-32	-1,893	181	-66	172	194	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	-	-
Net Borrowings	0	0	123,800	364,700	325,000	-60,000	-160,000	125,000	205,000	15,000	-60,000	2,000	495,000	-100	49,200	-55,000	484,000	160,600	-101,200	150,000	130,000	-195,000	-195,000	-235,000	-335,000	475,000	119,500	-100,000	99,975	-475	-705,000	-165,000	-860,000	-120,889	2,000,013	-139,100	155,318	3,408	764	510	515,000	-100,000	-45,000	-10,000	0	197,224	25,000	125,000	86,999	-5,716	188,643	-16,202	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Income	173,800	187,400	196,800	56,400	61,200	189,500	197,800	505,800	141,800	204,900	151,600	168,000	176,200	185,800	179,000	171,700	132,200	32,900	150,400	134,400	146,200	166,000	153,500	133,000	204,600	120,700	121,000	108,800	109,248	127,577	261,736	92,639	113,757	131,814	163,320	98,686	97,370	99,015	88,099	115,558	87,223	96,441	84,205	80,511	98,299	82,911	73,331	74,601	80,318	70,987	65,577	65,876	65,893	62,880	58,404	55,375	-6,445	42,205	45,939	44,915	36,439	40,840	39,923	41,026	38,317	37,154	74,903
Other Cashflows From Financing Activities	3,800	9,400	52,700	34,200	344,800	280,200	66,800	327,100	240,400	27,600	-5,000	-9,700	98,000	17,400	-45,700	-1,900	804,900	-8,100	-9,500	-5,000	265,100	26,400	20,300	17,000	128,300	477,200	126,300	7,000	218,585	28,985	12,872	3,558	28,234	-10,129	2,825,421	-2,057	167,947	13,771	11,152	6,536	55,274	37,314	43,925	46,426	-76,247	687,665	74,171	137,465	281,368	79,685	537,620	3,323	423,322	6,694	11,571	147	21,052	-29,833	121,434	350	82,998	-498	144,134	93,839	0	-	-
Other Cashflows From Investing Activities	0	0	-46,300	3,029,100	-100	-100	494,800	129,600	-241,000	-2,400	-4,400	-14,500	-135,700	-146,200	-1,500	29,200	-593,900	-40,600	-1,500	-75,100	-91,700	121,400	-39,600	-24,900	-247,800	-564,500	-33,500	-76,300	-28,649	-43,405	713,174	-620	-50,738	15,602	-2,890,048	-405	-111,977	-3,830	146,998	4,001	0	88	-791	439	-25,967	-432,561	-803	-347,777	300	0	-144,781	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Non Cash Items	-400	6,200	-5,200	131,000	340,300	9,600	17,900	-375,100	139,300	4,800	5,800	3,600	6,900	2,000	4,000	-16,800	2,600	9,500	2,900	1,700	3,100	-10,100	2,400	2,500	1,900	1,500	1,000	1,900	-4,932	-13,897	-272,814	1,743	-19,541	-23,532	-83,874	1,341	-3,988	-9,530	-4,933	-64,282	-26,153	-16,053	-26,847	-34,530	-13,367	-18,531	-27,682	3,504	-43,960	4,616	-4,634	3,866	-30,195	-2,156	-6,156	3,763	45,065	7,451	6,317	6,556	-1,457	1,129	4,345	-5,507	0	-	-
Sale Purchase Of Stock	-250,000	-49,800	56,500	-2,000,000	-466,200	-300,000	-325,000	-571,300	-75,000	-150,000	-150,000	-100,000	-50,000	-50,000	-75,000	-173,800	-100,000	-75,000	-50,000	-75,000	-156,400	-102,800	-143,200	-36,200	-100	-10,100	-166,800	-99,300	-144,267	-66,170	11,599	-116,363	-20,456	13,180	730,615	8,336	-595,391	-60,973	-33,959	-88,161	-116,441	-25,375	-113,465	-22,130	-34,202	-21,768	-69,513	-36,792	-41,654	-126,101	-140,443	-73,578	-290,299	-67,496	-62,266	0	0	-8,458	-12,401	-25,881	-123,817	-31,600	-46,122	-191,023	0	-	-
Stock Based Compensation	7,700	12,400	10,000	23,900	6,300	11,300	18,400	20,500	8,300	11,200	10,800	25,400	8,500	10,000	9,500	19,600	6,300	8,800	18,400	9,200	8,400	10,300	11,000	8,800	7,600	8,800	8,900	6,500	9,292	10,526	14,849	9,833	8,572	9,030	18,971	8,045	7,668	9,176	9,876	8,884	8,098	9,607	10,171	8,141	18,504	5,650	9,207	4,446	5,368	4,957	8,513	3,818	5,308	5,706	6,398	3,886	4,218	3,011	3,510	2,005	2,359	2,901	2,569	2,052	0	-	-
Total Cash From Financing Activities	-295,100	-89,600	3,200	-3,405,000	-169,400	-399,800	-467,400	-293,600	118,200	-169,200	-248,700	-199,200	-26,300	-76,500	-87,000	-255,400	345,700	51,400	-179,800	-206,400	-21,300	-271,400	-122,900	-254,200	128,200	467,100	-40,500	-192,300	-25,682	-37,185	-692,128	-277,805	-22,222	-100,129	2,735,421	-132,057	-427,444	-47,202	-22,807	-81,625	-96,167	-88,061	-114,540	14,296	-110,449	318,673	4,658	100,673	104,714	-121,416	68,123	-86,201	67,793	-61,963	-51,819	-62,798	-42,702	-40,950	37,056	-56,213	-40,887	-49,730	81,675	-98,434	0	-	-
Total Cash From Operating Activities	252,400	250,100	192,900	365,300	249,000	280,200	130,200	399,600	188,600	285,200	233,200	448,700	249,000	207,100	249,500	362,600	176,400	213,600	200,300	366,100	173,400	226,600	207,300	327,000	151,400	162,300	111,900	317,900	82,429	85,186	74,606	303,879	103,643	164,543	84,511	270,990	110,817	91,800	54,007	232,828	120,468	139,761	55,434	191,257	147,232	133,562	-2,178	189,613	51,967	136,667	41,506	145,581	94,225	68,773	35,845	137,189	70,825	71,047	49,136	135,393	53,860	52,117	52,065	89,864	248,521	-	-
Total Cashflows From Investing Activities	0	0	-108,300	2,967,100	-81,800	-67,900	424,800	26,300	-330,800	-87,700	-99,800	-73,700	-231,100	-219,000	-58,200	-87,500	-653,400	-106,400	-47,800	-120,300	-161,600	66,200	-101,500	-68,500	-281,600	-629,200	-87,300	-107,400	-86,126	-71,255	681,871	-31,290	-111,115	-29,944	-2,840,033	-25,225	-75,005	-31,009	-39,381	109,865	-38,269	-44,359	-35,390	-27,608	-44,879	-451,667	-19,925	-367,112	-17,723	-13,820	-159,132	-13,454	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
Cost Of Revenue	876,500	824,600	1,057,800	993,900	976,800	886,200	783,800	714,400	803,274	716,598	622,523	607,174	533,735	463,473	491,294	386,897	357,191
Depreciation And Amortization	281,400	340,000	383,600	358,100	323,700	296,100	237,400	224,600	215,484	143,483	134,578	104,199	78,619	68,126	71,199	64,872	65,759
Discontinued Operations	0	-87,800	59,200	58,900	58,900	0	0	139,700	20,100	46,000	0	0	0	0	0	0	0
Ebit	1,131,700	1,406,500	1,000,500	1,038,100	696,900	849,400	810,400	913,400	838,752	689,781	620,942	591,716	514,268	441,314	299,870	310,215	276,486
Ebitda	1,413,100	1,746,500	1,384,100	1,396,200	1,020,600	1,145,500	1,047,800	1,138,000	1,054,236	833,264	755,520	695,915	592,887	509,440	371,069	375,087	342,245
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	-1,000	89,100	139,700	20,100	0	0	0	0	0	0	0	0
Gross Profit	1,804,900	1,672,400	1,940,800	1,790,700	1,630,300	1,508,900	1,361,400	1,280,800	1,264,736	1,030,128	973,180	927,146	798,105	674,870	535,810	506,653	445,004
Income Before Tax	1,027,200	1,262,400	875,400	897,500	568,400	719,700	691,000	653,700	717,436	590,620	538,740	519,208	460,421	406,650	264,605	278,899	258,147
Income Tax Expense	258,800	220,300	209,100	184,800	118,500	121,000	135,900	202,200	209,859	219,755	196,426	190,066	177,663	164,098	137,991	120,671	103,184
Interest Expense	115,500	138,800	127,000	138,200	126,800	129,700	119,400	120,000	121,316	69,984	76,136	72,508	53,847	34,664	35,265	31,316	22,928
Interest Income	0	0	0	0	128,500	114,400	110,200	113,900	19,300	0	0	0	0	0	0	0	0
Minority Interest	-200	-400	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	614,400	954,300	666,300	712,700	449,900	598,700	555,100	591,200	507,577	400,042	348,380	329,142	282,758	242,552	126,614	158,228	150,374
Net Income Applicable To Common Shares	0	953,900	666,200	712,700	449,900	598,700	555,100	591,200	507,577	400,042	348,380	329,142	282,758	242,552	126,614	158,228	154,963
Net Income From Continuing Ops	768,400	1,042,100	666,300	712,700	449,900	598,700	555,100	451,500	507,577	370,865	735,166	329,142	282,758	0	0	0	0
Net Interest Income	-115,500	-138,800	-127,000	-138,200	-126,800	-129,700	-119,400	-120,000	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	1,900	-2,400	0	15,300	9,200	6,100	102,190	158	609	128	887	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	-3,364	0	0	0	0
Operating Income	1,131,700	1,406,500	1,000,500	1,038,100	696,900	834,100	801,200	767,600	736,562	660,446	614,267	591,588	513,381	440,914	266,869	310,542	271,767
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	1,549,700	1,090,500	1,998,100	1,746,500	1,910,200	1,561,000	1,344,000	1,227,600	1,331,448	1,086,280	981,436	942,732	821,823	697,973	725,097	583,008	530,428
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	281,400	340,000	383,600	358,100	323,700	296,100	237,400	0	0	0	0	0	0	0	0	0	0
Research Development	36,800	43,100	47,100	48,900	65,600	47,600	37,400	27,400	22,737	25,508	21,426	18,386	15,393	14,870	14,109	11,054	8,944
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	391,800	381,500	422,700	413,000	603,500	378,700	322,800	301,600	312,690	227,306	228,982	231,359	209,469	166,374	162,604	123,439	107,576
Tax Provision	258,800	220,300	209,100	184,800	118,500	121,000	135,900	202,200	196,600	0	0	0	0	0	0	0	0
Total Operating Expenses	673,200	265,900	940,300	752,600	933,400	674,800	560,200	513,200	528,174	369,682	358,913	335,558	288,088	234,500	233,803	196,111	173,237
Total Other Income Expense Net	11,000	-144,100	-125,100	-140,600	-128,500	-114,400	-110,200	-113,900	-19,126	-69,826	-75,527	-72,380	-52,960	-34,264	-37,402	-31,643	-13,620
Total Revenue	2,681,400	2,497,000	2,998,600	2,784,600	2,607,100	2,395,100	2,145,200	1,995,200	2,068,010	1,746,726	1,595,703	1,534,320	1,331,840	1,138,343	1,027,104	893,550	802,195

	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
Cost Of Revenue	226,200	217,200	216,900	216,200	205,200	246,700	246,100	280,500	265,200	265,300	264,900	262,400	260,500	240,000	235,800	257,700	259,800	242,900	242,700	231,400	224,000	219,200	222,400	221,200	208,700	198,500	193,700	182,900	192,992	169,665	178,466	173,277	213,695	210,167	195,196	184,216	193,582	180,873	172,470	169,673	106,831	176,580	174,663	164,449	170,021	156,749	147,074	133,330	140,375	137,619	131,185	124,556	116,475	117,005	115,000	114,993	153,410	117,383	112,978	107,523	97,912	98,307	97,368	93,310	95,346	85,343	176,502
Depreciation And Amortization	86,100	67,700	65,300	62,300	67,900	88,300	89,600	94,200	96,600	89,700	103,800	93,500	93,200	90,900	86,900	87,100	85,600	79,100	79,300	79,800	76,000	72,700	73,600	73,700	64,400	61,200	55,700	56,100	50,509	52,179	53,263	68,649	67,417	52,044	57,440	38,583	37,302	36,138	34,944	35,099	35,053	33,097	34,007	32,421	30,535	28,156	25,277	20,231	19,532	19,595	19,732	19,760	17,736	16,193	16,964	17,233	17,679	17,633	18,182	17,705	17,416	16,095	15,413	15,948	0	-	-
Discontinued Operations	0	0	-7,500	-138,000	-154,600	-154,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-116,825	-945,946	254,745	1,780	20,100	0	0	0	46,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	250,500	281,100	306,000	294,100	282,500	276,600	269,100	642,600	194,600	285,800	269,300	252,700	251,300	275,300	259,000	250,200	205,200	70,200	217,800	202,000	212,200	225,200	216,900	195,100	211,300	211,000	198,400	189,600	190,347	200,546	346,925	175,582	195,518	226,792	238,688	177,754	175,341	175,205	159,266	179,969	152,213	169,818	151,631	147,280	159,043	154,749	138,528	139,396	139,244	131,422	123,943	119,669	113,854	113,786	107,196	106,478	40,241	84,848	87,933	86,848	75,549	77,726	79,712	77,228	0	0	0
Ebitda	336,600	348,800	371,300	356,400	350,400	364,900	358,700	736,800	291,200	375,500	373,100	346,200	344,500	366,200	345,900	337,300	290,800	149,300	297,100	281,800	288,200	297,900	290,500	268,800	275,700	272,200	254,100	245,700	240,856	252,725	400,188	244,231	262,935	278,836	296,128	216,337	212,643	211,343	194,210	215,068	187,266	202,915	185,638	179,701	189,578	182,905	163,805	159,627	158,776	151,017	143,675	139,429	131,590	129,979	124,160	123,711	57,920	102,481	106,115	104,553	92,965	93,821	95,125	93,176	0	-	-
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	451,000	460,400	458,100	435,400	425,200	498,600	500,200	495,000	500,800	493,700	482,600	463,700	452,900	462,700	443,000	432,100	417,000	409,800	409,900	393,600	389,900	379,500	378,900	360,000	361,600	350,600	329,500	319,700	313,131	328,416	319,830	319,424	346,867	340,234	302,454	275,181	271,282	267,792	251,084	239,970	225,632	262,017	246,657	238,874	245,709	242,114	226,152	213,171	211,218	202,479	196,095	188,313	176,683	170,349	166,677	161,161	111,716	140,928	144,938	138,228	133,557	126,084	124,704	122,308	445,004	0	0
Income Before Tax	242,700	249,700	268,200	266,600	239,500	245,200	242,000	610,900	164,200	259,100	235,400	216,700	216,000	240,000	224,800	216,700	172,100	38,900	187,300	170,100	179,600	192,800	185,000	162,300	179,200	180,700	169,900	161,200	160,173	172,396	160,490	160,641	163,129	193,789	201,026	159,492	159,693	157,707	141,807	131,413	128,497	151,126	131,927	127,190	138,430	136,616	121,151	123,011	124,490	116,829	109,048	110,054	104,585	105,302	98,751	98,012	31,102	75,399	79,410	78,694	66,799	69,333	71,865	70,902	61,495	68,015	128,637
Income Tax Expense	60,400	62,300	63,900	72,200	23,700	55,700	44,200	105,100	22,400	54,200	83,800	48,700	39,800	54,200	45,800	45,000	39,900	6,000	36,900	35,700	33,400	26,800	31,500	29,300	-25,400	60,000	48,900	52,400	52,716	44,819	53,754	50,911	49,372	61,975	37,706	60,806	60,383	58,692	53,708	46,972	47,340	54,685	47,722	46,679	40,131	53,705	47,820	48,410	44,172	45,842	43,471	44,178	38,692	42,422	40,347	42,637	37,547	33,194	33,471	33,779	30,360	28,493	31,942	29,876	21,911	28,841	52,432
Interest Expense	28,100	29,400	31,600	26,400	41,200	34,500	31,800	31,300	30,200	29,900	31,500	35,400	35,300	35,300	34,200	33,500	33,100	31,300	30,500	31,900	32,600	32,400	31,900	32,800	32,100	30,300	28,500	28,400	28,383	28,150	31,435	32,032	32,389	33,003	37,662	18,262	17,588	17,498	17,459	17,439	17,650	18,692	19,704	20,090	20,613	18,133	17,377	16,385	14,754	14,593	14,895	9,615	9,269	8,484	8,445	8,466	9,139	9,449	8,523	8,154	8,750	8,393	7,847	6,326	5,876	5,578	11,474
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	35,600	28,300	36,800	31,000	32,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-200	0	-100	100	-100	-100	100	100	-4,900	3,200	16,700	-600	15,200	15,200	15,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	173,800	187,400	196,900	194,400	215,800	189,500	197,700	505,800	141,900	201,700	154,000	168,600	176,200	185,800	179,000	171,700	132,200	32,900	150,400	134,400	146,200	166,000	153,500	133,000	204,600	120,700	121,000	108,800	109,300	127,577	261,736	92,639	113,757	131,814	163,320	98,686	97,370	99,015	88,099	115,558	87,223	96,441	84,205	80,511	98,299	82,911	73,331	74,601	80,318	70,987	65,577	65,876	65,893	62,880	58,404	55,375	-6,445	42,205	45,939	44,915	36,439	40,840	39,923	41,026	38,317	37,154	74,903
Net Income Applicable To Common Shares	0	0	196,900	56,300	61,100	189,400	197,700	505,700	141,900	201,700	154,000	168,600	176,200	185,800	179,000	171,700	132,200	32,900	150,400	134,400	146,200	166,000	153,500	133,000	204,600	120,700	121,000	108,800	109,248	127,577	261,736	92,639	113,757	131,814	163,320	98,686	97,370	99,015	88,099	115,558	87,223	96,441	84,205	80,511	98,299	82,911	73,331	74,601	80,318	70,987	65,577	65,876	65,893	62,880	58,404	55,375	84,409	42,205	45,939	44,915	36,439	40,840	39,923	41,026	39,584	39,174	76,205
Net Income From Continuing Ops	182,300	187,400	204,300	194,400	149,000	189,500	197,800	505,800	141,800	204,900	151,600	168,000	176,200	185,800	179,000	171,700	132,200	32,900	150,400	134,400	146,200	166,000	153,500	133,000	204,600	120,700	121,000	108,800	107,457	127,577	106,736	109,730	113,757	131,814	163,320	98,686	99,310	99,015	88,099	84,441	364,639	205,811	84,205	80,511	98,299	82,911	73,331	74,601	80,318	70,987	65,577	65,876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-28,100	-29,400	-31,600	-26,400	-41,200	-34,500	-31,800	-31,300	-30,200	-29,900	-31,500	-35,400	-35,300	-35,300	-34,200	-33,500	-33,100	-31,300	-30,500	-31,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-6,200	-1,100	0	3,100	4,700	-400	600	100	-500	1,700	-1,600	-100	-700	0	0	-5,500	-500	-400	-4,000	14,100	4,600	600	1,300	2,600	3,400	1,900	3,086	2,124	846	44	-150	17,912	84,966	-538	234	-285	200	9	393	228	133	-145	69	-502	126	435	387	13	115	372	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	250,500	281,100	306,000	294,100	282,500	276,600	269,100	642,600	194,600	288,900	267,400	250,400	250,600	275,400	259,700	252,300	200,400	75,700	218,300	202,400	216,200	211,100	212,300	194,500	210,000	208,400	195,000	187,700	185,470	198,422	191,079	192,629	195,668	208,880	153,722	178,292	177,047	175,490	141,607	148,843	145,754	169,590	151,498	147,425	158,974	155,251	138,402	138,961	138,857	131,409	123,818	119,297	113,707	113,718	107,075	106,414	42,158	84,795	87,851	87,203	76,195	77,724	78,937	77,686	64,751	71,868	135,148
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
Other Operating Expenses	426,700	396,500	369,000	357,500	347,900	468,700	477,200	132,900	438,200	470,100	480,100	475,700	443,400	427,300	419,100	437,500	476,400	577,000	434,300	422,600	397,700	387,600	389,000	386,700	360,300	340,700	328,200	314,900	320,653	299,659	307,217	300,072	364,894	341,521	343,928	281,105	287,817	273,175	264,488	260,800	186,709	269,007	269,822	255,898	256,756	243,612	234,824	207,540	212,736	208,689	206,826	193,572	179,995	173,636	174,602	169,740	222,968	173,516	170,065	158,548	155,274	146,667	143,135	137,932	0	0	0
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	-	-
Reconciled Depreciation	86,100	67,700	65,300	62,300	67,900	88,300	89,600	94,200	96,600	89,700	103,800	93,500	93,200	90,900	86,900	87,100	85,600	79,100	79,300	79,800	76,000	72,700	73,600	73,700	64,400	61,200	55,700	56,100	50,509	52,179	53,263	68,649	67,417	52,044	57,440	38,583	37,302	36,138	34,944	35,099	35,053	33,097	34,007	32,421	30,535	28,156	25,277	20,231	19,532	19,595	19,732	19,760	17,736	16,193	16,964	17,233	17,679	17,633	18,182	17,705	17,416	16,095	15,413	15,948	0	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	47,600	0	0	0	37,400	0	0	0	27,400	0	0	0	20,600	0	0	0	25,508	0	0	0	21,426	0	0	0	18,386	0	0	0	15,393	0	0	0	14,870	0	0	0	7,609	6,500	6,500	0	6,519	4,535	4,535	0	8,944	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	0	0	0	0	0	0	0	0	0	0	0	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	114,400	111,600	86,800	79,000	5,600	125,900	125,900	135,300	76,400	115,100	111,400	119,000	108,100	96,400	96,400	112,100	124,800	255,000	112,300	111,400	97,700	95,700	93,000	91,800	87,200	80,900	78,800	75,900	77,192	77,814	75,557	71,037	83,782	79,310	91,292	58,306	56,934	56,164	57,074	57,134	49,472	59,330	61,152	59,028	56,200	58,707	62,473	53,979	52,829	51,475	55,909	49,256	45,240	40,982	42,638	37,514	51,879	38,500	38,905	33,320	32,146	32,265	30,354	28,674	24,987	26,989	55,600
Tax Provision	60,400	62,300	63,900	72,200	15,300	55,700	44,200	105,100	22,400	54,200	83,800	48,700	39,800	54,200	45,800	45,000	39,900	6,000	36,900	35,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	200,500	179,300	152,100	141,300	142,700	222,000	231,100	-147,600	173,000	204,800	215,200	213,300	182,900	187,300	183,300	179,800	216,600	334,100	191,600	191,200	173,700	168,400	166,600	165,500	151,600	142,200	134,500	132,000	127,661	129,994	128,751	126,795	151,199	131,354	148,732	96,889	94,235	92,302	92,018	91,127	79,878	92,427	95,159	91,449	86,735	86,863	87,750	74,210	72,361	71,070	75,641	69,016	63,520	56,631	59,602	54,747	69,558	56,133	57,087	51,025	57,362	48,360	45,767	44,622	0	0	0
Total Other Income Expense Net	20,300	-2,000	-6,200	-27,500	-43,000	-31,400	-27,100	-31,700	-30,400	-29,800	-32,000	-33,700	-34,600	-35,400	-34,900	-35,600	-28,300	-36,800	-31,000	-32,300	-36,600	-18,300	-27,300	-32,200	-30,800	-27,700	-25,100	-26,500	-25,297	-26,026	-30,589	-31,988	-32,539	-15,091	47,304	-18,800	-17,354	-17,783	-17,259	-17,430	-17,257	-18,464	-19,571	-20,235	-20,544	-18,635	-17,251	-15,950	-14,367	-14,580	-14,770	-9,243	-9,122	-8,416	-8,324	-8,402	-11,056	-9,396	-8,441	-8,509	-9,396	-8,391	-7,072	-6,784	0	0	0
Total Revenue	677,200	677,600	675,000	651,600	630,400	745,300	746,300	775,500	766,000	759,000	747,500	726,100	713,400	702,700	678,800	689,800	676,800	652,700	652,600	625,000	613,900	598,700	601,300	581,200	570,300	549,100	523,200	502,600	506,123	498,081	498,296	492,701	560,562	550,401	497,650	459,397	464,864	448,665	423,554	409,643	332,463	438,597	421,320	403,323	415,730	398,863	373,226	346,501	351,593	340,098	327,280	312,869	293,158	287,354	281,677	276,154	265,126	258,311	257,916	245,751	231,469	224,391	222,072	215,618	202,484	199,723	399,988

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

Gross Profit (+$)
totalRevenue	2,681,400
Cost of Revenue	-876,500
Gross Profit	1,804,900	1,804,900

Operating Income (+$)
Gross Profit	1,804,900
Operating Expense	-673,200
Operating Income	1,131,700	1,131,700

Operating Expense (+$)
Research Development	36,800
Selling General Administrative	391,800
Selling And Marketing Expenses	0
Operating Expense	673,200	428,600

Net Interest Income (+$)
Interest Income	0
Interest Expense	-115,500
Other Finance Cost	-0
Net Interest Income	-115,500

Pretax Income (+$)
Operating Income	1,131,700
Net Interest Income	-115,500
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,027,200	1,120,700 EBIT - interestExpense = 1,016,200 873,200 729,900
Interest Expense	115,500
Earnings Before Interest and Taxes (EBIT)	1,131,700	1,142,700
Earnings Before Interest and Taxes (EBITDA)	1,413,100

After tax Income (+$)
Income Before Tax	1,027,200
Tax Provision	-258,800
Net Income From Continuing Ops	768,400	768,400
Net Income	614,400
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	1,549,700
Total Other Income/Expenses Net	11,000	115,500

Technical Analysis of Verisk
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 Verisk. The general trend of Verisk is BEARISH with 85.7% 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 Verisk'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 (-85.7%)		Bearish trend (85.7%)
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 Verisk Analytics Inc.

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

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

The bullish price targets are: 232.22 < 232.33 < 238.76.

The bearish price targets are: 221.58 > 221.52 > 220.55.

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Verisk Analytics Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Verisk Analytics Inc. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Verisk Analytics Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Verisk Analytics Inc. The current macd is -3.35800528.

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

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

Verisk Analytics Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of Verisk Analytics Inc. The current adx is 24.29.

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

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Verisk 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.

Verisk Analytics Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Verisk Analytics Inc. The current sar is 224.62.

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

Verisk Analytics Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Verisk Analytics Inc. The current rsi is 35.85. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Verisk Analytics Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Verisk Analytics Inc. The current phase is Continuation in bear market.

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

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

Verisk Analytics Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Verisk Analytics Inc. The current cci is -71.50263852.

Verisk Analytics Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Verisk Analytics Inc. The current cmo is -26.6873867.

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

Verisk Analytics Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Verisk Analytics Inc. The current willr is -69.0064261.

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

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

Verisk Analytics Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Verisk Analytics Inc.

Verisk Analytics Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of Verisk Analytics Inc. The current atr is 3.30965496.

Verisk Analytics Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Verisk Analytics Inc. The current obv is 12,735,005.

Verisk Analytics Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Verisk Analytics Inc. The current mfi is 31.60.

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

Verisk Analytics Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Verisk Analytics Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Verisk Analytics Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	35.853
Ma 20	Greater than	Ma 50	225.804
Ma 50	Greater than	Ma 100	233.575
Ma 100	Greater than	Ma 200	236.830
Open	Greater than	Close	222.590
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Verisk (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Verisk (5 min.)

$222.79

$2.22

$42.12 - $61.29

$44.33 - $63.50

2. Growth of Verisk (5 min.)

Is Verisk growing?

How much money is Verisk making?

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

3. Financial Health of Verisk (5 min.)

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

Industry Rankings (Consulting Services)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Verisk

About Verisk Analytics Inc

Financial Health

Valuation

1.1. Profitability of Verisk Analytics Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Consulting Services)

1.1.2. Return on Assets

Trends

Compared to industry (Consulting Services)

1.1.3. Return on Equity

Trends

Compared to industry (Consulting Services)

1.2. Operating Efficiency of Verisk Analytics Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Consulting Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Consulting Services)

1.3. Liquidity of Verisk Analytics Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Consulting Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Consulting Services)

1.4. Solvency of Verisk Analytics Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Consulting Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Consulting Services)

2. Market Valuation of Verisk Analytics Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Consulting Services)

Verisk Analytics Inc
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