Westamerica Bancorporation
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Let's analyse Westamerica together

Penke I guess you are interested in Westamerica Bancorporation. 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 Westamerica Bancorporation. 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 Westamerica (30 sec.)

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

How much money do you get?

$1.72

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$28.97

Expected worth in 1 year

$35.58

How sure are you?

85.0%

+ What do you gain per year?

Total Gains per Share

$8.33

Return On Investment

18.3%

For what price can you sell your share?

Current Price per Share

$45.55

Expected price per share

$42.52 - $48.94

How sure are you?

50%

1. Valuation of Westamerica (5 min.)

Live pricePrice per Share (EOD)

$45.55

Book Value per Share

$28.97

Intrinsic Value Per Share

$-7.31 - $28.00

Total Value Per Share

$21.66 - $56.97

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.87) 3Y: ($1.11) TTM: ($1.47)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.02) 3Y: ($-0.06) TTM: ($-0.47)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.78	$4.21	$2.52 - $4.20
2	$4.53	$8.06	$1.56 - $3.95
3	$5.35	$11.58	$0.60 - $3.71
4	$5.36	$14.77	$-0.36 - $3.46
5	$4.63	$17.66	$-1.31 - $3.22
6	$3.26	$20.25	$-2.27 - $2.97
7	$1.31	$22.57	$-3.23 - $2.73
8	$-1.14	$24.62	$-4.19 - $2.48
9	$-4.03	$26.43	$-5.14 - $2.24
10	$-7.31	$28.00	$-6.10 - $1.99

2. Growth of Westamerica (5 min.)

Is Westamerica growing?

	Current year	Previous year	Grow	Grow %
How rich?	$772.8m	$616.4m	$62.5m	9.2%

How much money is Westamerica making?

	Current year	Previous year	Grow	Grow %
Making money	$40.4m	$30.5m	$9.9m	24.6%
Net Profit Margin	49.7%	45.5%	-	-

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

Quarterly Yearly

3. Financial Health of Westamerica (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

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

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

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

Speculation

The Price per Share of Westamerica is $45.55. 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 Westamerica.
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 Westamerica, 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 $28.97. Based on the TTM, the Book Value Change Per Share is $1.65 per quarter. Based on the YOY, the Book Value Change Per Share is $-2.10 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 $0.43 per quarter.

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

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	1.48	3.2%	1.51	3.3%	1.13	2.5%	0.99	2.2%	0.77	1.7%
Usd Book Value Change Per Share	4.67	10.2%	1.65	3.6%	-2.10	-4.6%	0.30	0.7%	0.22	0.5%
Usd Dividend Per Share	0.44	1.0%	0.43	0.9%	0.42	0.9%	0.42	0.9%	0.40	0.9%
Usd Total Gains Per Share	5.11	11.2%	2.08	4.6%	-1.68	-3.7%	0.72	1.6%	0.61	1.3%
Usd Price Per Share	56.41	-	45.57	-	56.87	-	56.19	-	54.60	-
Price to Earnings Ratio	9.53	-	7.54	-	13.25	-	15.93	-	21.11	-
Price-to-Total Gains Ratio	11.05	-	53.51	-	-8.54	-	207.27	-	167.24	-
Price to Book Ratio	1.95	-	1.79	-	2.49	-	2.11	-	2.31	-
Price-to-Total Gains Ratio	11.05	-	53.51	-	-8.54	-	207.27	-	167.24	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	45.55
Number of shares	21

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.43	0.42
Usd Book Value Change Per Share	1.65	0.30
Usd Total Gains Per Share	2.08	0.72
Gains per Quarter (21 shares)	43.72	15.05
Gains per Year (21 shares)	174.88	60.19

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	36	139	165	35	25	50
2	72	278	340	70	51	110
3	108	416	515	105	76	170
4	144	555	690	140	101	230
5	181	694	865	175	126	290
6	217	833	1040	210	152	350
7	253	971	1215	245	177	410
8	289	1110	1390	279	202	470
9	325	1249	1565	314	227	530
10	361	1388	1740	349	253	590

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%	137.0	1.0	0.0	99.3%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	5.0	7.0	0.0	41.7%	12.0	8.0	0.0	60.0%	23.0	17.0	0.0	57.5%	92.0	45.0	1.0	66.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	138.0	0.0	0.0	100.0%
Total Gains per Share	4.0	0.0	0.0	100.0%	8.0	4.0	0.0	66.7%	15.0	5.0	0.0	75.0%	34.0	6.0	0.0	85.0%	122.0	16.0	0.0	88.4%

Fundamentals of Westamerica

About Westamerica Bancorporation

https://www.westamerica.com
Banks - Regional
641
1108 Fifth Avenue, San Rafael, CA, United States, 94901
Google Maps Bing Maps

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was founded in 1884 and is headquartered in San Rafael, California.

Fundamental data was last updated by Penke on 2024-04-12 21:59:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

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

Solvency Details

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

1.1. Profitability of Westamerica Bancorporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
A Net Profit Margin of 48.1% means that $0.48 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Westamerica Bancorporation:

The MRQ is 48.1%. The company is making a huge profit. +2
The TTM is 49.7%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	48.1%	TTM	49.7%	-1.6%
TTM	49.7%	YOY	45.5%	+4.2%
TTM	49.7%	5Y	42.8%	+7.0%
5Y	42.8%	10Y	37.6%	+5.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	48.1%	18.4%	+29.7%
TTM	49.7%	28.0%	+21.7%
YOY	45.5%	25.2%	+20.3%
5Y	42.8%	22.8%	+20.0%
10Y	37.6%	19.8%	+17.8%

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

Revenue is the amount of profit Westamerica 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 Westamerica 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 Westamerica to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Westamerica. If profit margins remain low (compared to the Banks - Regional 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 Westamerica is 0.48. This means that Westamerica earned $0.48 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Westamerica sells assets (profit will increase while costs remain the same).
It won’t show what part of Westamerica 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 Westamerica

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 Westamerica = 39,468
Total revenue MRQ Westamerica = 82,044
$39,468 / $82,044 = 0.48 or 48.1%

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 Westamerica is using its assets to generate profit.

Above 5% is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
0.6% Return on Assets means that Westamerica generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Westamerica Bancorporation:

The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.6%	TTM	0.6%	+0.0%
TTM	0.6%	YOY	0.4%	+0.2%
TTM	0.6%	5Y	0.4%	+0.2%
5Y	0.4%	10Y	0.3%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.6%	0.1%	+0.5%
TTM	0.6%	0.2%	+0.4%
YOY	0.4%	0.2%	+0.2%
5Y	0.4%	0.2%	+0.2%
10Y	0.3%	0.2%	+0.1%

Shows how efficient Westamerica 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 Westamerica to the Banks - Regional 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 Westamerica is using its resources to generate profit. If the return on assets (0.6%) from Westamerica are higher than the Banks - Regional mean (0.1%) that means Westamerica 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 Westamerica is 0.6%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

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

Income statement
Balance sheet

Net income MRQ (income statement) from Westamerica = 39,468
Total assets MRQ (balance sheet) from Westamerica = 6,370,761
39,468 / 6,370,761 = 0.01 or 0.6%

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

Above 15%-20% is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
5.1% Return on Equity means Westamerica generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Westamerica Bancorporation:

The MRQ is 5.1%. Using its investors money, the company is less efficient in making profit.
The TTM is 6.0%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	5.1%	TTM	6.0%	-0.9%
TTM	6.0%	YOY	5.1%	+0.9%
TTM	6.0%	5Y	3.8%	+2.2%
5Y	3.8%	10Y	3.2%	+0.6%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	5.1%	1.4%	+3.7%
TTM	6.0%	2.5%	+3.5%
YOY	5.1%	2.7%	+2.4%
5Y	3.8%	2.5%	+1.3%
10Y	3.2%	2.8%	+0.4%

Shows how efficient Westamerica 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 Westamerica to the Banks - Regional 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 Banks - Regional 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 Westamerica is 5.1%. This means Westamerica generated $0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica up to 10 years back (depending if Westamerica 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 Westamerica

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Westamerica = 39,468
Shareholders equity (balance sheet) MRQ Westamerica = 772,894
39,468 / 772,894 = 0.05 or 5.1%

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 Westamerica Bancorporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Westamerica is operating .

Measures how much profit Westamerica 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 Westamerica to the Banks - Regional industry mean.
An Operating Margin of 68.9% means the company generated $0.69 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Westamerica Bancorporation:

The MRQ is 68.9%. The company is operating very efficient. +2
The TTM is 66.3%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	68.9%	TTM	66.3%	+2.6%
TTM	66.3%	YOY	67.0%	-0.7%
TTM	66.3%	5Y	64.4%	+1.9%
5Y	64.4%	10Y	59.7%	+4.7%

Measures how efficient Westamerica 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 Westamerica to the Banks - Regional 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 Westamerica 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 Westamerica is 68.9%. This means that Westamerica earned $0.69 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Westamerica = 73,641
Total revenue MRQ Westamerica = 82,044
$73,641 / $82,044 = 0.69 or 68.9%

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 Westamerica is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.10 means that the operating costs are $0.10 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Westamerica Bancorporation:

The MRQ is 0.102. The company is very efficient in keeping operating costs low. +2
The TTM is -0.130.

Trends

Current period		Compared to		+/-
MRQ	0.102	TTM	-0.130	+0.232
TTM	-0.130	YOY	0.014	-0.144
TTM	-0.130	5Y	-0.102	-0.028
5Y	-0.102	10Y	-0.034	-0.068

Measures how efficient Westamerica 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 Westamerica to the Banks - Regional 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 Westamerica is 10.2%. This means that Westamerica earned $0.10 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

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
(0 +8,403) \ 82,044 = 0.10

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 Westamerica Bancorporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.09 means the company has $0.09 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Westamerica Bancorporation:

The MRQ is 0.094. The company is unable to pay all its short-term debts. -2
The TTM is 0.116. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.094	TTM	0.116	-0.022
TTM	0.116	YOY	0.215	-0.099
TTM	0.116	5Y	13.134	-13.018
5Y	13.134	10Y	22.233	-9.099

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.116	0.124	-0.008
YOY	0.215	0.225	-0.010
5Y	13.134	0.219	+12.915
10Y	22.233	0.131	+22.102

Measures if Westamerica 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 Banks - Regional 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 Westamerica 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 Westamerica is 0.09. This means Westamerica has $0.09 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
250,082 \ 2,670,073) = 0.09

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

Above 1 is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
A Quick Ratio of 1.59 means the company can pay off $1.59 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Westamerica Bancorporation:

The MRQ is 1.590. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 2.484. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.590	TTM	2.484	-0.895
TTM	2.484	YOY	2.734	-0.250
TTM	2.484	5Y	53.441	-50.956
5Y	53.441	10Y	59.011	-5.570

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Westamerica can pay off its short term debts. This shows if Westamerica can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Westamerica is 1.59. This means that Westamerica can pay off $1.59 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Westamerica

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Westamerica: (190,314 + 3,999,801 +54,568) / 2,670,073 = 1.59

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Westamerica Bancorporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Westamerica to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.88 means that Westamerica assets are financed with 87.9% credit (debt) and the remaining percentage (100% - 87.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Westamerica Bancorporation:

The MRQ is 0.879. The company is just able to pay all its debts by selling its assets.
The TTM is 0.896. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.879	TTM	0.896	-0.018
TTM	0.896	YOY	0.914	-0.018
TTM	0.896	5Y	0.889	+0.007
5Y	0.889	10Y	0.891	-0.002

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.879	0.915	-0.036
TTM	0.896	0.917	-0.021
YOY	0.914	0.919	-0.005
5Y	0.889	0.919	-0.030
10Y	0.891	0.927	-0.036

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Westamerica to Banks - Regional 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 Westamerica is 0.88. This means means that Westamerica is financed with 87.9% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Westamerica

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

Balance sheet
Debt to asset ratio = total debt \ total assets
5,597,867 \ 6,370,761 = 87.9% or 0.88.

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

Below 2 is considered healthy but always compare Westamerica to the Banks - Regional industry mean.
A Debt to Equity ratio of 724.3% means that company has $7.24 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Westamerica Bancorporation:

The MRQ is 7.243. The company is unable to pay all its debts with equity. -1
The TTM is 8.723. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	7.243	TTM	8.723	-1.480
TTM	8.723	YOY	10.741	-2.018
TTM	8.723	5Y	8.232	+0.491
5Y	8.232	10Y	8.300	-0.068

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	7.243	10.829	-3.586
TTM	8.723	11.013	-2.290
YOY	10.741	11.363	-0.622
5Y	8.232	11.437	-3.205
10Y	8.300	13.038	-4.738

Measures if Westamerica 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 Westamerica 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 Westamerica is 7.24. This means that Westamerica can pay off $7.24 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
5,597,867 \ 772,894 = 7.24 or 724.3%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Westamerica Bancorporation

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 Westamerica generates.

Above 15 is considered overpriced but always compare Westamerica to the Banks - Regional industry mean.
A PE ratio of 9.53 means the investor is paying $9.53 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Westamerica Bancorporation:

The EOD is 7.697. Based on the earnings, the company is underpriced. +1
The MRQ is 9.532. Based on the earnings, the company is underpriced. +1
The TTM is 7.542. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	7.697	MRQ	9.532	-1.835
MRQ	9.532	TTM	7.542	+1.990
TTM	7.542	YOY	13.246	-5.704
TTM	7.542	5Y	15.927	-8.385
5Y	15.927	10Y	21.107	-5.179

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	7.697	7.555	+0.142
MRQ	9.532	6.680	+2.852
TTM	7.542	5.295	+2.247
YOY	13.246	6.943	+6.303
5Y	15.927	9.770	+6.157
10Y	21.107	9.943	+11.164

Measures how much money you pay for each share for every $1 in earnings Westamerica 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 Westamerica to the Banks - Regional 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 Westamerica is 9.53. This means the investor is paying $9.53 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Westamerica is performing over time. The most recent quarter might be important if Westamerica 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 Westamerica 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 Westamerica

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 \ 26,664 = EPS
PE ratio MRQ = 9.53

* 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 Westamerica Bancorporation:

The EOD is -36.846. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -45.630. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -7.590. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-36.846	MRQ	-45.630	+8.785
MRQ	-45.630	TTM	-7.590	-38.041
TTM	-7.590	YOY	17.767	-25.356
TTM	-7.590	5Y	15.148	-22.737
5Y	15.148	10Y	17.361	-2.213

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-36.846	-2.112	-34.734
MRQ	-45.630	-1.868	-43.762
TTM	-7.590	-0.342	-7.248
YOY	17.767	6.448	+11.319
5Y	15.148	0.429	+14.719
10Y	17.361	0.091	+17.270

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.95 means the investor is paying $1.95 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Westamerica Bancorporation:

The EOD is 1.572. Based on the equity, the company is underpriced. +1
The MRQ is 1.947. Based on the equity, the company is underpriced. +1
The TTM is 1.786. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.572	MRQ	1.947	-0.375
MRQ	1.947	TTM	1.786	+0.161
TTM	1.786	YOY	2.493	-0.707
TTM	1.786	5Y	2.111	-0.325
5Y	2.111	10Y	2.314	-0.202

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.572	0.436	+1.136
MRQ	1.947	0.386	+1.561
TTM	1.786	0.470	+1.316
YOY	2.493	0.642	+1.851
5Y	2.111	0.795	+1.316
10Y	2.314	1.025	+1.289

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Westamerica Bancorporation.

3.1. Institutions holding Westamerica Bancorporation

Institutions are holding 77.712% of the shares of Westamerica Bancorporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	14.6297	0.0056	3902878	69028	1.8005
2023-12-31	Vanguard Group Inc	13.0929	0.0043	3492884	4725	0.1355
2023-12-31	American Century Companies Inc	5.093	0.0527	1358697	160364	13.3823
2023-12-31	State Street Corporation	4.7564	0.0035	1268911	89117	7.5536
2023-12-31	Dimensional Fund Advisors, Inc.	2.934	0.0129	782733	21547	2.8307
2023-12-31	Morgan Stanley - Brokerage Accounts	2.886	0.0038	769916	41834	5.7458
2023-12-31	Geode Capital Management, LLC	2.3879	0.0038	637031	31151	5.1414
2023-12-31	Northern Trust Corp	1.8415	0.005	491258	-51876	-9.5512
2023-12-31	DePrince Race & Zollo Inc	1.7561	0.5966	468488	-146519	-23.824
2023-12-31	Palisade Capital Management LLc	1.6521	0.6593	440743	-48985	-10.0025
2023-12-31	Nuveen Asset Management, LLC	1.1491	0.0056	306564	85	0.0277
2023-12-31	Bank of New York Mellon Corp	1.1451	0.0035	305495	-12918	-4.057
2023-12-31	Charles Schwab Investment Management Inc	1.1257	0.0043	300322	18297	6.4877
2023-12-31	Rbo & CO LLC	1.1047	2.8519	294697	-7636	-2.5257
2023-12-31	Manufacturers Life Insurance Co	1.102	0.0099	294001	-11054	-3.6236
2023-12-31	Ameriprise Financial Inc	1.0024	0.0045	267405	176114	192.915
2023-12-31	Clifford Capital Partners, LLC	0.9911	3.847	264405	-49433	-15.7511
2023-12-31	Goldman Sachs Group Inc	0.8292	0.0011	221204	102750	86.7425
2023-12-31	Jupiter Asset Management Limited	0.675	0.1007	180077	-6279	-3.3694
2023-12-31	NORGES BANK	0.6467	0.0017	172533	-38913	-18.4033
Total		60.8006	8.1777	16220242	+341399	+2.1%

3.2. Funds holding Westamerica Bancorporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	6.7539	0.1096	1801781	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9971	0.0024	799551	0	0
2023-12-31	American Century U.S. Mid Cap Value	2.9333	0.4955	782543	0	0
2023-12-31	American Century Mid Cap Value Inv	2.9333	0.4965	782543	0	0
2024-02-29	Vanguard Small Cap Index	2.5745	0.0223	686817	6325	0.9295
2024-03-28	iShares Russell 2000 ETF	2.296	0.0457	612507	13319	2.2228
2024-02-29	Vanguard Small Cap Value Index Inv	1.759	0.0403	469272	1939	0.4149
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4596	0.0174	389393	307	0.0789
2024-03-29	Avantis US Small Cap Value ETF	1.1734	0.1411	313045	0	0
2023-12-31	Palisade Small Cap Core Equity	0.9909	1.0457	264361	-27889	-9.5429
2024-01-31	Fidelity Small Cap Index	0.9836	0.0505	262399	4030	1.5598
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.8963	0.1111	239116	240	0.1005
2024-03-28	SPDR® S&P Regional Banking ETF	0.7908	0.3454	210978	1068	0.5088
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7804	0.1071	208192	0	0
2024-02-29	DFA US Small Cap I	0.6771	0.0532	180636	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.651	0.019	173670	4000	2.3575
2024-03-28	iShares Russell 2000 Value ETF	0.6365	0.0662	169798	3647	2.195
2024-03-28	iShares S&P Small-Cap 600 Growth ETF	0.596	0.1315	159000	0	0
2024-01-31	TIAA-CREF Quant Small-Cap Equity Instl	0.5818	0.2473	155210	0	0
2024-02-29	Vanguard Dividend Appreciation ETF	0.5734	0.0077	152966	840	0.5522
Total		33.0379	3.5555	8813778	+7826	+0.1%

3.3. Insider Transactions

Insiders are holding 4.642% of the shares of Westamerica Bancorporation.

Date	Owner	Type	Amount	Price
2024-02-01	David L Payne	SELL	11272	46.79
2024-01-30	David L Payne	SELL	10000	49.51
2024-01-25	David L Payne	SELL	15000	49.75
2024-01-23	David L Payne	SELL	8728	50.95
2023-08-03	Curtis Belton	SELL	464	49.04
2023-07-25	Curtis Belton	SELL	26	48.75
2023-05-04	Michele R Hassid	BUY	265	37.7
2023-04-27	Inez Wondeh	BUY	495	40.38

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Westamerica Bancorporation 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	-	-	4.666	1.652	+182%	-2.103	+145%	0.301	+1451%	0.217	+2051%
Book Value Per Share	-	-	28.972	25.411	+14%	22.912	+26%	26.920	+8%	23.978	+21%
Current Ratio	-	-	0.094	0.116	-19%	0.215	-57%	13.134	-99%	22.233	-100%
Debt To Asset Ratio	-	-	0.879	0.896	-2%	0.914	-4%	0.889	-1%	0.891	-1%
Debt To Equity Ratio	-	-	7.243	8.723	-17%	10.741	-33%	8.232	-12%	8.300	-13%
Dividend Per Share	-	-	0.440	0.430	+2%	0.420	+5%	0.416	+6%	0.398	+11%
Eps	-	-	1.479	1.513	-2%	1.134	+30%	0.988	+50%	0.775	+91%
Free Cash Flow Per Share	-	-	-0.309	1.468	-121%	1.049	-129%	1.003	-131%	0.869	-136%
Free Cash Flow To Equity Per Share	-	-	-11.281	-6.096	-46%	-1.925	-83%	1.706	-761%	1.653	-782%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	27.999	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-7.309	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.210	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.778	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	11.578	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	5.355	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	17.657	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.635	-	-	-	-	-	-	-	-
Market Cap	1215169235.000	-24%	1504889057.000	1217654823.000	+24%	1530018760.000	-2%	1511692600.600	0%	1463354065.525	+3%
Net Profit Margin	-	-	0.481	0.497	-3%	0.455	+6%	0.428	+12%	0.376	+28%
Operating Margin	-	-	0.689	0.663	+4%	0.670	+3%	0.644	+7%	0.597	+15%
Operating Ratio	-	-	0.102	-0.130	+227%	0.014	+608%	-0.102	+199%	-0.034	+133%
Pb Ratio	1.572	-24%	1.947	1.786	+9%	2.493	-22%	2.111	-8%	2.314	-16%
Pe Ratio	7.697	-24%	9.532	7.542	+26%	13.246	-28%	15.927	-40%	21.107	-55%
Price Per Share	45.550	-24%	56.410	45.565	+24%	56.865	-1%	56.186	+0%	54.596	+3%
Price To Free Cash Flow Ratio	-36.846	+19%	-45.630	-7.590	-83%	17.767	-357%	15.148	-401%	17.361	-363%
Price To Total Gains Ratio	8.922	-24%	11.049	53.509	-79%	-8.538	+177%	207.272	-95%	167.238	-93%
Quick Ratio	-	-	1.590	2.484	-36%	2.734	-42%	53.441	-97%	59.011	-97%
Return On Assets	-	-	0.006	0.006	+0%	0.004	+45%	0.004	+53%	0.003	+80%
Return On Equity	-	-	0.051	0.060	-15%	0.051	+1%	0.038	+34%	0.032	+57%
Total Gains Per Share	-	-	5.106	2.082	+145%	-1.683	+133%	0.717	+613%	0.615	+731%
Usd Book Value	-	-	772894000.000	679026000.000	+14%	616452750.000	+25%	724015200.000	+7%	642789825.000	+20%
Usd Book Value Change Per Share	-	-	4.666	1.652	+182%	-2.103	+145%	0.301	+1451%	0.217	+2051%
Usd Book Value Per Share	-	-	28.972	25.411	+14%	22.912	+26%	26.920	+8%	23.978	+21%
Usd Dividend Per Share	-	-	0.440	0.430	+2%	0.420	+5%	0.416	+6%	0.398	+11%
Usd Eps	-	-	1.479	1.513	-2%	1.134	+30%	0.988	+50%	0.775	+91%
Usd Free Cash Flow	-	-	-8244999.000	39261750.250	-121%	28222750.000	-129%	26980050.050	-131%	23285250.025	-135%
Usd Free Cash Flow Per Share	-	-	-0.309	1.468	-121%	1.049	-129%	1.003	-131%	0.869	-136%
Usd Free Cash Flow To Equity Per Share	-	-	-11.281	-6.096	-46%	-1.925	-83%	1.706	-761%	1.653	-782%
Usd Market Cap	1215169235.000	-24%	1504889057.000	1217654823.000	+24%	1530018760.000	-2%	1511692600.600	0%	1463354065.525	+3%
Usd Price Per Share	45.550	-24%	56.410	45.565	+24%	56.865	-1%	56.186	+0%	54.596	+3%
Usd Profit	-	-	39468000.000	40442000.000	-2%	30508500.000	+29%	26555650.000	+49%	20773850.000	+90%
Usd Revenue	-	-	82044000.000	81331000.000	+1%	66238000.000	+24%	60772250.000	+35%	53609925.000	+53%
Usd Total Gains Per Share	-	-	5.106	2.082	+145%	-1.683	+133%	0.717	+613%	0.615	+731%
	EOD	+3 -5	MRQ	TTM	+18 -17	YOY	+24 -11	5Y	+23 -12	10Y	+25 -10

4.2. Fundamental Score

Let's check the fundamental score of Westamerica Bancorporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	7.697
Price to Book Ratio (EOD)	Between	0-1	1.572
Net Profit Margin (MRQ)	Greater than	0	0.481
Operating Margin (MRQ)	Greater than	0	0.689
Quick Ratio (MRQ)	Greater than	1	1.590
Current Ratio (MRQ)	Greater than	1	0.094
Debt to Asset Ratio (MRQ)	Less than	1	0.879
Debt to Equity Ratio (MRQ)	Less than	1	7.243
Return on Equity (MRQ)	Greater than	0.15	0.051
Return on Assets (MRQ)	Greater than	0.05	0.006
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 Westamerica Bancorporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.273
Ma 20	Greater than	Ma 50	47.278
Ma 50	Greater than	Ma 100	46.714
Ma 100	Greater than	Ma 200	49.697
Open	Greater than	Close	45.210
Total			2/5 (40.0%)

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
Accumulated Other Comprehensive Income		475,086	-3,962	471,124	351	471,475	352	471,827	-662,074	-190,247
Depreciation and Amortization		2,829	215	3,044	-336	2,708	300	3,008	-11,768	-8,760

Latest Balance Sheet

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

Summary

Total Assets	6,370,761
Total Liabilities	5,597,867
Total Stockholder Equity	772,894

	As reported
Total Liabilities	5,597,867
Total Stockholder Equity	+ 772,894
Total Assets	= 6,370,761

Assets

Total Assets	6,370,761
Total Current Assets	250,082
Long-term Assets	6,120,679

Total Current Assets

Total Current Assets (as reported)	250,082
Cash And Cash Equivalents	190,314
Short-term Investments	3,999,801
Net Receivables	54,568
Inventory	-244,882
Total Current Assets (calculated)	3,999,801
+/-	3,749,719

Long-term Assets

Long-term Assets (as reported)	6,120,679
Property Plant Equipment	45,830
Goodwill	121,673
Long Term Investments	4,907,022
Intangible Assets	347
Other Assets	0
Long-term Assets (calculated)	5,074,872
+/-	1,045,807

Liabilities & Shareholders' Equity

Total Current Liabilities	2,670,073
Long-term Liabilities	2,927,794
Total Stockholder Equity	772,894

Total Current Liabilities

Total Current Liabilities (as reported)	2,670,073
Short-term Debt	64,229
Other Current Liabilities	2,605,844
Total Current Liabilities (calculated)	2,670,073
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	2,927,794
Capital Lease Obligations	18,814
Long-term Liabilities (calculated)	18,814
+/-	2,908,980

Total Stockholder Equity

Total Stockholder Equity (as reported)	772,894
Common Stock	473,136
Retained Earnings	490,005
Accumulated Other Comprehensive Income	-190,247
Total Stockholder Equity (calculated)	772,894
+/-	0

Other

Capital Stock	473,136
Cash and Short Term Investments	190,314
Common Stock Shares Outstanding	26,664
Liabilities and Stockholders Equity	6,370,761
Net Debt	-113,338
Net Working Capital	-2,419,991
Property Plant and Equipment Gross	107,660
Short Long Term Debt Total	76,976

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

1988-03-31

1987-03-31

1986-03-31

> Total Assets

0
0
0
0
1,287,200
1,323,400
1,350,200
1,364,100
1,387,700
1,355,100
1,325,300
1,342,600
1,303,400
1,364,200
1,308,200
1,365,500
1,359,300
1,363,900
1,384,100
1,413,400
1,912,500
2,012,700
2,004,400
2,004,400
2,030,300
2,052,100
2,030,200
2,214,800
2,362,500
2,428,700
2,490,900
2,486,700
2,504,900
2,529,200
2,548,500
2,617,000
3,750,100
3,816,900
3,848,400
3,802,700
3,864,000
3,862,500
3,844,300
3,827,100
3,870,300
3,891,900
3,893,200
3,829,155
3,878,515
3,980,531
4,031,381
3,877,606
3,903,635
3,910,348
3,927,967
3,962,294
4,072,502
4,209,564
4,224,867
4,386,455
4,564,692
4,482,793
4,576,385
4,424,816
4,611,811
4,636,071
4,737,268
5,192,111
5,191,093
5,153,091
5,149,209
5,055,553
4,906,886
4,845,360
4,769,335
4,748,829
4,647,069
4,657,016
4,558,959
4,342,302
4,188,868
4,089,482
4,032,934
5,428,865
5,193,595
4,971,159
4,975,501
4,745,495
4,727,086
4,977,871
4,931,524
4,937,429
4,876,731
4,966,499
5,042,161
5,060,257
4,953,130
4,859,627
4,952,193
4,887,844
4,813,908
4,806,487
4,847,055
4,921,042
4,931,095
4,993,725
5,035,724
5,035,777
5,031,230
5,001,395
5,168,875
5,199,868
5,179,085
5,306,778
5,366,083
5,395,947
5,393,350
5,445,808
5,513,046
5,551,036
5,577,844
5,529,463
5,568,526
5,555,961
5,523,448
5,616,055
5,619,555
5,628,126
6,463,889
6,563,215
6,747,931
6,912,481
7,147,779
7,403,573
7,486,992
7,306,417
7,222,405
7,177,025
6,950,317
6,700,471
6,582,740
6,567,288
6,370,761

6,370,761

6,567,288

6,582,740

6,700,471

6,950,317

7,177,025

7,222,405

7,306,417

7,486,992

7,403,573

7,147,779

6,912,481

6,747,931

6,563,215

6,463,889

5,628,126

5,619,555

5,616,055

5,523,448

5,555,961

5,568,526

5,529,463

5,577,844

5,551,036

5,513,046

5,445,808

5,393,350

5,395,947

5,366,083

5,306,778

5,179,085

5,199,868

5,168,875

5,001,395

5,031,230

5,035,777

5,035,724

4,993,725

4,931,095

4,921,042

4,847,055

4,806,487

4,813,908

4,887,844

4,952,193

4,859,627

4,953,130

5,060,257

5,042,161

4,966,499

4,876,731

4,937,429

4,931,524

4,977,871

4,727,086

4,745,495

4,975,501

4,971,159

5,193,595

5,428,865

4,032,934

4,089,482

4,188,868

4,342,302

4,558,959

4,657,016

4,647,069

4,748,829

4,769,335

4,845,360

4,906,886

5,055,553

5,149,209

5,153,091

5,191,093

5,192,111

4,737,268

4,636,071

4,611,811

4,424,816

4,576,385

4,482,793

4,564,692

4,386,455

4,224,867

4,209,564

4,072,502

3,962,294

3,927,967

3,910,348

3,903,635

3,877,606

4,031,381

3,980,531

3,878,515

3,829,155

3,893,200

3,891,900

3,870,300

3,827,100

3,844,300

3,862,500

3,864,000

3,802,700

3,848,400

3,816,900

3,750,100

2,617,000

2,548,500

2,529,200

2,504,900

2,486,700

2,490,900

2,428,700

2,362,500

2,214,800

2,030,200

2,052,100

2,030,300

2,004,400

2,012,700

1,912,500

1,413,400

1,384,100

1,363,900

1,359,300

1,365,500

1,308,200

1,364,200

1,303,400

1,342,600

1,325,300

1,355,100

1,387,700

1,364,100

1,350,200

1,323,400

1,287,200

> Total Current Assets

0
0
0
0
128,100
166,700
119,100
118,200
150,400
130,200
106,100
153,700
119,600
122,300
84,300
142,300
132,600
90,500
123,800
110,500
160,800
194,800
0
144,300
161,800
162,200
163,800
201,400
243,400
224,100
242,700
206,200
220,900
207,000
203,900
213,800
324,300
342,800
346,900
315,600
349,500
304,200
332,500
309,100
324,900
319,400
356,900
310,225
353,770
352,370
407,694
314,030
336,417
317,933
296,579
324,419
312,642
313,646
222,577
377,902
335,349
321,049
189,628
314,208
325,308
305,009
126,153
2,948,126
2,962,106
2,948,660
2,967,773
2,924,791
2,864,504
2,839,583
2,814,729
2,831,757
2,788,875
2,836,214
2,812,322
2,680,682
2,653,579
2,501,759
2,630,897
3,883,719
3,767,727
3,599,724
3,668,894
3,446,731
3,416,610
3,595,352
3,486,757
3,413,470
3,313,937
3,339,083
3,293,755
3,195,299
2,852,339
2,777,822
2,765,936
2,550,581
2,473,993
2,405,789
2,439,257
2,376,636
2,391,018
2,375,888
2,203,559
2,052,308
2,047,926
1,962,440
2,096,327
2,071,763
1,992,541
1,953,441
1,951,055
2,028,057
1,981,421
1,977,906
1,989,574
1,912,595
1,967,193
1,852,605
1,759,014
1,744,142
1,691,129
1,653,833
1,606,909
1,539,683
1,924,809
1,806,952
1,976,242
2,259,324
978,469
1,047,878
1,172,363
1,076,525
797,702
467,647
352,688
253,409
324,653
480,594
250,082

250,082

480,594

324,653

253,409

352,688

467,647

797,702

1,076,525

1,172,363

1,047,878

978,469

2,259,324

1,976,242

1,806,952

1,924,809

1,539,683

1,606,909

1,653,833

1,691,129

1,744,142

1,759,014

1,852,605

1,967,193

1,912,595

1,989,574

1,977,906

1,981,421

2,028,057

1,951,055

1,953,441

1,992,541

2,071,763

2,096,327

1,962,440

2,047,926

2,052,308

2,203,559

2,375,888

2,391,018

2,376,636

2,439,257

2,405,789

2,473,993

2,550,581

2,765,936

2,777,822

2,852,339

3,195,299

3,293,755

3,339,083

3,313,937

3,413,470

3,486,757

3,595,352

3,416,610

3,446,731

3,668,894

3,599,724

3,767,727

3,883,719

2,630,897

2,501,759

2,653,579

2,680,682

2,812,322

2,836,214

2,788,875

2,831,757

2,814,729

2,839,583

2,864,504

2,924,791

2,967,773

2,948,660

2,962,106

2,948,126

126,153

305,009

325,308

314,208

189,628

321,049

335,349

377,902

222,577

313,646

312,642

324,419

296,579

317,933

336,417

314,030

407,694

352,370

353,770

310,225

356,900

319,400

324,900

309,100

332,500

304,200

349,500

315,600

346,900

342,800

324,300

213,800

203,900

207,000

220,900

206,200

242,700

224,100

243,400

201,400

163,800

162,200

161,800

144,300

194,800

160,800

110,500

123,800

90,500

132,600

142,300

84,300

122,300

119,600

153,700

106,100

130,200

150,400

118,200

119,100

166,700

128,100

Cash And Cash Equivalents

0
0
0
0
95,600
130,300
86,800
85,800
115,500
96,900
80,900
127,700
81,600
84,700
62,200
116,400
106,500
58,000
95,900
57,700
128,700
119,800
102,600
102,600
110,800
115,500
112,400
147,300
184,300
168,200
182,100
154,400
167,700
153,600
355,200
156,100
231,000
246,500
250,800
212,600
244,100
203,400
229,700
194,600
191,800
212,100
255,700
206,226
248,471
232,876
286,482
188,704
192,408
195,575
179,182
173,563
183,589
175,666
222,577
186,281
201,560
189,269
189,628
166,649
185,522
165,277
126,153
168,341
194,749
193,220
209,273
187,947
188,670
191,611
184,442
208,413
164,065
219,631
209,764
139,621
134,094
142,338
138,883
149,053
168,777
180,058
361,135
253,229
294,240
344,169
338,793
348,157
320,119
459,754
530,045
541,102
320,925
367,964
491,382
355,459
384,276
388,579
472,028
428,840
484,904
524,338
380,836
247,450
289,606
268,587
433,044
471,164
441,785
471,367
462,271
546,815
529,362
561,757
575,002
555,607
629,146
522,660
420,284
421,788
418,586
415,639
373,421
304,628
500,820
398,964
621,275
866,457
939,929
1,011,048
1,132,085
1,037,593
753,293
413,665
294,236
195,202
266,187
420,550
190,314

190,314

420,550

266,187

195,202

294,236

413,665

753,293

1,037,593

1,132,085

1,011,048

939,929

866,457

621,275

398,964

500,820

304,628

373,421

415,639

418,586

421,788

420,284

522,660

629,146

555,607

575,002

561,757

529,362

546,815

462,271

471,367

441,785

471,164

433,044

268,587

289,606

247,450

380,836

524,338

484,904

428,840

472,028

388,579

384,276

355,459

491,382

367,964

320,925

541,102

530,045

459,754

320,119

348,157

338,793

344,169

294,240

253,229

361,135

180,058

168,777

149,053

138,883

142,338

134,094

139,621

209,764

219,631

164,065

208,413

184,442

191,611

188,670

187,947

209,273

193,220

194,749

168,341

126,153

165,277

185,522

166,649

189,628

189,269

201,560

186,281

222,577

175,666

183,589

173,563

179,182

195,575

192,408

188,704

286,482

232,876

248,471

206,226

255,700

212,100

191,800

194,600

229,700

203,400

244,100

212,600

250,800

246,500

231,000

156,100

355,200

153,600

167,700

154,400

182,100

168,200

184,300

147,300

112,400

115,500

110,800

102,600

119,800

128,700

57,700

95,900

58,000

106,500

116,400

62,200

84,700

81,600

127,700

80,900

96,900

115,500

85,800

86,800

130,300

95,600

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
250
0
0
0
534
0
0
0
633
0
0
0
534
0
0
0
534
0
0
0
662,388
0
0
0
567
0
0
0
333
0
0
0
288,454
436,343
407,127
391,644
442
414,987
466,500
569,511
671,484
741,603
705,078
683,640
638,753
639,738
708,717
738,462
825,636
972,176
1,004,888
1,060,428
1,079,381
1,240,288
1,278,242
1,391,362
1,600,781
1,777,320
1,634,878
1,571,710
1,570,216
1,585,970
1,531,035
1,762,408
1,890,758
1,893,309
1,976,156
2,090,477
2,191,707
2,351,970
2,363,194
2,478,908
2,654,670
2,702,240
2,775,899
2,983,767
3,078,846
3,210,689
3,708,370
3,983,994
4,063,185
3,990,570
4,304,162
4,602,706
4,638,855
4,616,588
4,607,114
4,376,331
4,331,743
4,217,513
4,046,458
2,403,155
3,999,801

3,999,801

2,403,155

4,046,458

4,217,513

4,331,743

4,376,331

4,607,114

4,616,588

4,638,855

4,602,706

4,304,162

3,990,570

4,063,185

3,983,994

3,708,370

3,210,689

3,078,846

2,983,767

2,775,899

2,702,240

2,654,670

2,478,908

2,363,194

2,351,970

2,191,707

2,090,477

1,976,156

1,893,309

1,890,758

1,762,408

1,531,035

1,585,970

1,570,216

1,571,710

1,634,878

1,777,320

1,600,781

1,391,362

1,278,242

1,240,288

1,079,381

1,060,428

1,004,888

972,176

825,636

738,462

708,717

639,738

638,753

683,640

705,078

741,603

671,484

569,511

466,500

414,987

442

391,644

407,127

436,343

288,454

333

567

662,388

534

633

534

250

Net Receivables

0
0
0
0
32,500
36,400
32,300
32,400
34,900
33,300
25,200
26,000
38,000
37,600
22,100
25,900
26,100
32,500
27,900
52,800
32,100
75,000
41,700
41,700
51,000
46,700
51,400
54,100
59,100
55,900
60,600
51,800
53,200
53,400
93,300
57,700
93,300
96,300
96,100
103,000
105,400
100,800
102,800
114,500
133,100
107,300
101,200
103,999
105,299
119,494
121,212
125,326
144,009
122,358
117,397
150,856
129,053
137,980
136,636
191,621
133,789
131,780
131,677
147,559
139,786
139,732
136,738
131,592
139,613
139,207
150,478
152,644
150,250
149,817
152,669
157,367
155,607
157,205
151,142
143,685
138,180
0
150,212
314,501
269,504
239,041
256,032
240,822
231,857
232,617
225,713
229,130
234,628
229,552
63,375
227,659
213,525
0
34,121
32,635
28,944
22,280
22,957
23,892
18,820
17,388
19,394
18,582
19,340
18,637
20,174
18,795
20,003
19,699
21,489
19,745
21,904
20,776
23,557
22,538
24,932
23,734
25,834
23,947
26,507
25,511
28,797
28,998
32,322
30,779
33,022
31,061
34,793
33,304
35,521
34,643
40,261
49,506
53,558
53,676
53,780
55,597
54,568

54,568

55,597

53,780

53,676

53,558

49,506

40,261

34,643

35,521

33,304

34,793

31,061

33,022

30,779

32,322

28,998

28,797

25,511

26,507

23,947

25,834

23,734

24,932

22,538

23,557

20,776

21,904

19,745

21,489

19,699

20,003

18,795

20,174

18,637

19,340

18,582

19,394

17,388

18,820

23,892

22,957

22,280

28,944

32,635

34,121

213,525

227,659

63,375

229,552

234,628

229,130

225,713

232,617

231,857

240,822

256,032

239,041

269,504

314,501

150,212

138,180

143,685

151,142

157,205

155,607

157,367

152,669

149,817

150,250

152,644

150,478

139,207

139,613

131,592

136,738

139,732

139,786

147,559

131,677

131,780

133,789

191,621

136,636

137,980

129,053

150,856

117,397

122,358

144,009

125,326

121,212

119,494

105,299

103,999

101,200

107,300

133,100

114,500

102,800

100,800

105,400

103,000

96,100

96,300

93,300

57,700

93,300

53,400

53,200

51,800

60,600

55,900

59,100

54,100

51,400

46,700

51,000

41,700

75,000

32,100

52,800

27,900

32,500

26,100

25,900

22,100

37,600

38,000

26,000

25,200

33,300

34,900

32,400

32,300

36,400

32,500

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,648,193
2,627,744
2,616,233
2,616,372
2,584,200
2,525,584
2,498,155
2,477,618
2,465,977
2,469,203
2,459,378
2,451,416
2,397,376
2,381,305
2,359,421
2,341,802
3,420,165
3,329,446
3,180,625
3,051,727
2,952,680
2,890,513
3,018,566
2,922,251
2,836,183
2,759,190
2,649,777
2,763,710
2,426,538
2,531,414
2,409,858
1,414,797
1,190,311
1,055,885
934,502
864,891
683,616
609,052
442,800
202,548
8,956
104,102
103,506
72,893
-4,166
-282
-300,033
-423,463
-431,812
-546,001
-695,104
-802,492
-1,017,520
-1,050,079
-1,172,697
-1,341,774
-1,403,833
-1,529,863
-1,771,084
-1,874,155
-2,004,632
-2,316,703
-2,606,785
-2,741,240
-2,628,764
-3,042,258
-3,403,913
-3,408,828
34,643
797,702
467,647
352,688
253,409
324,653
480,594
250,082

250,082

480,594

324,653

253,409

352,688

467,647

797,702

34,643

-3,408,828

-3,403,913

-3,042,258

-2,628,764

-2,741,240

-2,606,785

-2,316,703

-2,004,632

-1,874,155

-1,771,084

-1,529,863

-1,403,833

-1,341,774

-1,172,697

-1,050,079

-1,017,520

-802,492

-695,104

-546,001

-431,812

-423,463

-300,033

-282

-4,166

72,893

103,506

104,102

8,956

202,548

442,800

609,052

683,616

864,891

934,502

1,055,885

1,190,311

1,414,797

2,409,858

2,531,414

2,426,538

2,763,710

2,649,777

2,759,190

2,836,183

2,922,251

3,018,566

2,890,513

2,952,680

3,051,727

3,180,625

3,329,446

3,420,165

2,341,802

2,359,421

2,381,305

2,397,376

2,451,416

2,459,378

2,469,203

2,465,977

2,477,618

2,498,155

2,525,584

2,584,200

2,616,372

2,616,233

2,627,744

2,648,193

> Long-term Assets

0
0
0
0
246,500
250,900
291,100
324,200
324,800
331,100
371,000
369,400
362,000
432,800
445,500
177,700
457,300
122,000
489,100
534,300
619,000
701,400
0
752,200
812,100
812,400
782,900
802,300
821,800
862,200
889,100
928,900
919,900
940,000
935,300
972,900
1,207,200
1,262,400
1,282,600
1,278,100
1,268,500
1,313,100
1,260,700
1,277,200
1,293,200
1,299,100
1,263,500
1,256,496
1,216,161
1,213,418
1,191,492
1,157,666
1,156,748
1,163,384
1,197,960
1,227,492
1,305,583
1,440,990
37,396
1,606,458
1,876,613
1,851,506
35,748
1,841,481
2,021,197
2,083,459
35,223
2,243,985
2,228,987
2,204,431
2,181,436
2,130,762
2,042,382
2,005,777
1,954,606
1,917,072
1,858,194
1,820,802
1,746,637
1,661,620
1,535,289
1,587,723
1,402,037
1,545,146
1,425,868
1,371,435
1,306,607
1,298,764
1,310,476
1,382,519
1,444,767
1,523,959
1,562,794
1,627,416
1,748,406
1,864,958
2,100,791
2,081,805
2,186,257
2,337,263
2,339,915
2,400,698
2,407,798
2,544,406
2,540,077
2,617,837
2,832,165
2,983,469
2,983,304
3,038,955
3,072,548
3,128,105
3,186,544
3,353,337
3,415,028
3,367,890
3,411,929
3,467,902
3,523,472
3,638,441
3,610,651
3,676,858
3,809,512
3,811,819
3,832,319
3,962,222
4,012,646
4,088,443
4,539,080
4,756,263
4,771,689
4,653,157
6,169,310
6,355,695
6,314,629
6,229,892
6,424,703
6,709,378
6,597,629
6,447,062
6,258,087
6,086,694
6,120,679

6,120,679

6,086,694

6,258,087

6,447,062

6,597,629

6,709,378

6,424,703

6,229,892

6,314,629

6,355,695

6,169,310

4,653,157

4,771,689

4,756,263

4,539,080

4,088,443

4,012,646

3,962,222

3,832,319

3,811,819

3,809,512

3,676,858

3,610,651

3,638,441

3,523,472

3,467,902

3,411,929

3,367,890

3,415,028

3,353,337

3,186,544

3,128,105

3,072,548

3,038,955

2,983,304

2,983,469

2,832,165

2,617,837

2,540,077

2,544,406

2,407,798

2,400,698

2,339,915

2,337,263

2,186,257

2,081,805

2,100,791

1,864,958

1,748,406

1,627,416

1,562,794

1,523,959

1,444,767

1,382,519

1,310,476

1,298,764

1,306,607

1,371,435

1,425,868

1,545,146

1,402,037

1,587,723

1,535,289

1,661,620

1,746,637

1,820,802

1,858,194

1,917,072

1,954,606

2,005,777

2,042,382

2,130,762

2,181,436

2,204,431

2,228,987

2,243,985

35,223

2,083,459

2,021,197

1,841,481

35,748

1,851,506

1,876,613

1,606,458

37,396

1,440,990

1,305,583

1,227,492

1,197,960

1,163,384

1,156,748

1,157,666

1,191,492

1,213,418

1,216,161

1,256,496

1,263,500

1,299,100

1,293,200

1,277,200

1,260,700

1,313,100

1,268,500

1,278,100

1,282,600

1,262,400

1,207,200

972,900

935,300

940,000

919,900

928,900

889,100

862,200

821,800

802,300

782,900

812,400

812,100

752,200

701,400

619,000

534,300

489,100

122,000

457,300

177,700

445,500

432,800

362,000

369,400

371,000

331,100

324,800

324,200

291,100

250,900

246,500

Property Plant Equipment

0
0
0
0
19,700
19,100
18,500
18,100
18,200
17,600
16,500
16,300
17,000
17,000
16,700
17,000
16,700
16,500
15,900
15,800
24,700
26,400
26,100
26,100
24,300
23,800
23,300
30,600
31,000
26,200
26,600
33,500
37,200
40,300
41,000
40,800
68,900
53,300
48,400
47,300
47,000
51,100
46,000
45,300
44,600
44,400
44,000
43,320
42,429
42,416
42,182
42,567
42,989
41,832
39,821
38,893
39,551
38,054
37,396
36,543
36,408
35,566
35,748
35,412
35,343
35,267
35,223
35,586
34,864
33,640
33,221
32,535
31,785
31,635
30,188
29,643
29,169
28,666
28,380
28,031
27,460
15,996
27,351
26,729
26,490
38,982
38,098
37,423
36,816
36,271
36,278
35,704
35,015
36,098
36,548
37,827
37,867
38,386
38,639
38,519
38,267
37,972
37,314
36,675
37,424
37,335
37,852
38,313
37,945
39,244
38,693
38,045
37,759
37,059
36,566
36,025
35,564
35,507
35,301
35,790
35,774
35,391
34,507
33,934
34,014
34,080
34,597
35,403
34,061
33,437
32,813
32,216
52,774
50,888
49,135
48,082
47,865
46,332
44,565
43,778
44,696
46,083
45,830

45,830

46,083

44,696

43,778

44,565

46,332

47,865

48,082

49,135

50,888

52,774

32,216

32,813

33,437

34,061

35,403

34,597

34,080

34,014

33,934

34,507

35,391

35,774

35,790

35,301

35,507

35,564

36,025

36,566

37,059

37,759

38,045

38,693

39,244

37,945

38,313

37,852

37,335

37,424

36,675

37,314

37,972

38,267

38,519

38,639

38,386

37,867

37,827

36,548

36,098

35,015

35,704

36,278

36,271

36,816

37,423

38,098

38,982

26,490

26,729

27,351

15,996

27,460

28,031

28,380

28,666

29,169

29,643

30,188

31,635

31,785

32,535

33,221

33,640

34,864

35,586

35,223

35,267

35,343

35,412

35,748

35,566

36,408

36,543

37,396

38,054

39,551

38,893

39,821

41,832

42,989

42,567

42,182

42,416

42,429

43,320

44,000

44,400

44,600

45,300

46,000

51,100

47,000

47,300

48,400

53,300

68,900

40,800

41,000

40,300

37,200

33,500

26,600

26,200

31,000

30,600

23,300

23,800

24,300

26,100

26,400

24,700

15,800

15,900

16,500

16,700

17,000

16,700

17,000

16,300

16,500

17,600

18,200

18,100

18,500

19,100

19,700

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
16,300
0
0
16,625
16,329
16,329
17,996
17,996
18,996
17,996
17,996
18,996
18,996
18,996
18,996
18,996
18,996
127,503
124,122
124,122
121,907
121,719
121,719
121,719
121,719
121,719
121,719
121,719
121,719
121,719
121,719
121,702
121,699
121,699
121,699
121,699
121,699
121,699
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673
121,673

121,673

121,699

121,702

121,719

121,907

124,122

127,503

18,996

17,996

18,996

17,996

16,329

16,625

16,300

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,501,431
3,589,560
3,467,176
3,392,237
3,387,657
3,357,852
3,414,012
3,429,054
3,492,342
3,337,219
3,237,164
3,168,938
3,043,030
2,986,475
2,928,350
2,894,539
2,821,345
2,735,654
1,038,658
1,015,231
1,159,581
1,278,814
1,316,075
1,358,139
1,473,357
1,411,019
1,346,312
1,298,414
1,261,321
1,204,240
1,158,864
3,466,257
3,439,650
3,504,607
3,639,279
3,625,430
3,643,888
3,776,983
3,816,918
3,210,689
3,708,370
3,983,994
4,063,185
3,990,570
4,718,575
4,958,812
4,945,251
4,897,108
3,448,135
5,312,598
5,247,656
5,126,832
3,431,852
4,795,089
4,907,022

4,907,022

4,795,089

3,431,852

5,126,832

5,247,656

5,312,598

3,448,135

4,897,108

4,945,251

4,958,812

4,718,575

3,990,570

4,063,185

3,983,994

3,708,370

3,210,689

3,816,918

3,776,983

3,643,888

3,625,430

3,639,279

3,504,607

3,439,650

3,466,257

1,158,864

1,204,240

1,261,321

1,298,414

1,346,312

1,411,019

1,473,357

1,358,139

1,316,075

1,278,814

1,159,581

1,015,231

1,038,658

2,735,654

2,821,345

2,894,539

2,928,350

2,986,475

3,043,030

3,168,938

3,237,164

3,337,219

3,492,342

3,429,054

3,414,012

3,357,852

3,387,657

3,392,237

3,467,176

3,589,560

3,501,431

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,400
0
0
19,570
19,012
18,812
22,778
22,477
23,176
21,927
21,796
22,598
22,434
22,298
22,162
22,026
21,890
156,892
152,419
151,355
26,170
146,849
145,833
144,817
143,801
142,827
141,934
141,041
140,148
139,290
138,503
137,698
15,208
41,630
39,934
38,264
35,667
34,070
32,529
36,226
34,604
33,056
31,576
30,099
28,629
27,227
25,888
24,553
23,261
22,042
20,877
19,714
18,557
17,452
16,394
15,338
14,287
13,286
12,331
11,379
10,431
9,526
8,656
7,789
6,927
6,127
5,365
4,605
3,850
3,280
2,827
2,376
1,929
1,619
1,540
1,464
1,391
1,318
1,245
1,173
1,104
1,035
122,640
122,573
122,508
122,444
122,380
122,317
122,256
122,196
122,136
122,077
347

347

122,077

122,136

122,196

122,256

122,317

122,380

122,444

122,508

122,573

122,640

1,035

1,104

1,173

1,245

1,318

1,391

1,464

1,540

1,619

1,929

2,376

2,827

3,280

3,850

4,605

5,365

6,127

6,927

7,789

8,656

9,526

10,431

11,379

12,331

13,286

14,287

15,338

16,394

17,452

18,557

19,714

20,877

22,042

23,261

24,553

25,888

27,227

28,629

30,099

31,576

33,056

34,604

36,226

32,529

34,070

35,667

38,264

39,934

41,630

15,208

137,698

138,503

139,290

140,148

141,041

141,934

142,827

143,801

144,817

145,833

146,849

26,170

151,355

152,419

156,892

21,890

22,026

22,162

22,298

22,434

22,598

21,796

21,927

23,176

22,477

22,778

18,812

19,012

19,570

20,400

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,636,544
3,654,428
3,785,126
3,837,691
3,912,645
4,346,651
0
0
0
0
0
0
0
0
0
0
0
0
0
0

4,346,651

3,912,645

3,837,691

3,785,126

3,654,428

3,636,544

Other Assets

0
0
0
0
912,600
905,800
940,000
921,700
912,500
893,800
848,200
819,500
821,800
809,100
778,400
1,045,500
769,400
1,151,400
771,200
768,600
1,132,700
1,116,500
2,004,400
1,107,900
1,056,400
1,077,500
1,083,500
1,211,100
1,297,300
1,342,400
1,359,100
1,351,600
1,364,100
1,382,200
1,409,300
1,430,300
2,218,600
2,211,700
2,218,900
2,209,000
2,246,000
2,245,200
2,251,100
2,240,800
2,252,200
2,273,400
2,272,800
2,262,434
2,308,584
2,414,743
2,432,195
2,405,910
2,410,470
2,429,031
2,433,428
2,410,383
2,454,277
2,454,928
3,964,894
2,402,095
2,352,730
2,310,238
4,351,009
2,269,127
2,265,306
2,247,603
4,575,892
7,436,096
7,420,080
7,357,522
7,330,645
7,186,315
6,949,268
6,851,137
6,723,941
6,665,901
6,505,263
6,477,818
6,305,596
6,003,922
5,724,157
5,677,205
5,434,971
6,974,011
6,619,463
6,342,594
6,282,108
6,044,259
6,037,562
6,360,390
6,376,291
6,461,388
6,439,525
6,593,915
6,790,567
6,925,215
7,053,921
6,941,432
7,138,450
7,225,107
7,153,823
7,207,185
7,254,853
7,465,448
7,471,172
7,611,562
7,867,889
8,019,246
8,014,534
8,040,350
8,241,423
8,327,973
8,365,629
8,660,115
8,781,111
8,763,837
8,805,279
8,913,710
9,036,518
9,189,477
9,188,495
9,206,321
9,378,038
9,367,780
9,355,767
9,578,277
9,632,201
9,716,569
11,002,969
11,319,478
11,519,620
11,565,638
12,058,932
12,564,001
-3,408,828
-3,488,913
0
-3,179,734
2,173,263
-2,989,603
203,161
0
0

203,161

-2,989,603

2,173,263

-3,179,734

-3,488,913

-3,408,828

12,564,001

12,058,932

11,565,638

11,519,620

11,319,478

11,002,969

9,716,569

9,632,201

9,578,277

9,355,767

9,367,780

9,378,038

9,206,321

9,188,495

9,189,477

9,036,518

8,913,710

8,805,279

8,763,837

8,781,111

8,660,115

8,365,629

8,327,973

8,241,423

8,040,350

8,014,534

8,019,246

7,867,889

7,611,562

7,471,172

7,465,448

7,254,853

7,207,185

7,153,823

7,225,107

7,138,450

6,941,432

7,053,921

6,925,215

6,790,567

6,593,915

6,439,525

6,461,388

6,376,291

6,360,390

6,037,562

6,044,259

6,282,108

6,342,594

6,619,463

6,974,011

5,434,971

5,677,205

5,724,157

6,003,922

6,305,596

6,477,818

6,505,263

6,665,901

6,723,941

6,851,137

6,949,268

7,186,315

7,330,645

7,357,522

7,420,080

7,436,096

4,575,892

2,247,603

2,265,306

2,269,127

4,351,009

2,310,238

2,352,730

2,402,095

3,964,894

2,454,928

2,454,277

2,410,383

2,433,428

2,429,031

2,410,470

2,405,910

2,432,195

2,414,743

2,308,584

2,262,434

2,272,800

2,273,400

2,252,200

2,240,800

2,251,100

2,245,200

2,246,000

2,209,000

2,218,900

2,211,700

2,218,600

1,430,300

1,409,300

1,382,200

1,364,100

1,351,600

1,359,100

1,342,400

1,297,300

1,211,100

1,083,500

1,077,500

1,056,400

1,107,900

2,004,400

1,116,500

1,132,700

768,600

771,200

1,151,400

769,400

1,045,500

778,400

809,100

821,800

819,500

848,200

893,800

912,500

921,700

940,000

905,800

912,600

> Total Liabilities

0
0
0
0
1,220,700
1,255,300
1,279,600
1,291,700
1,313,200
1,278,300
1,246,100
1,260,200
1,218,500
1,277,000
1,219,000
1,266,100
1,256,600
1,258,200
1,275,400
1,301,400
1,771,500
1,867,000
1,852,000
1,852,000
1,871,700
1,889,100
1,864,000
2,022,500
2,156,400
2,210,400
2,267,000
2,256,300
2,271,100
2,300,000
2,309,600
2,371,600
3,363,100
3,417,800
3,441,200
3,387,900
3,446,300
3,486,400
3,475,700
3,469,900
3,530,700
3,575,500
3,592,600
3,536,197
3,584,402
3,649,227
3,693,634
3,546,688
3,585,164
3,587,207
3,613,608
3,654,657
3,752,129
3,874,124
3,883,368
4,049,509
4,207,381
4,131,871
4,236,014
4,086,216
4,282,016
4,284,147
4,378,659
4,754,536
4,751,476
4,721,067
4,722,495
4,626,181
4,485,155
4,418,384
4,345,100
4,329,019
4,239,087
4,253,365
4,164,356
3,943,193
3,778,423
3,690,354
3,623,082
4,892,197
4,634,364
4,435,441
4,470,053
4,226,364
4,199,405
4,436,698
4,386,237
4,386,514
4,327,391
4,412,511
4,483,520
4,500,729
4,395,204
4,300,786
4,392,091
4,328,864
4,269,286
4,264,647
4,304,121
4,380,159
4,392,292
4,460,330
4,509,121
4,508,397
4,505,892
4,467,457
4,636,670
4,660,895
4,620,758
4,743,782
4,804,716
4,811,059
4,797,756
4,841,851
4,922,807
4,968,953
4,991,706
4,936,872
4,952,935
4,899,194
4,830,011
4,902,677
4,888,138
4,922,580
5,655,813
5,737,639
5,903,122
6,100,349
6,305,583
6,565,620
6,659,890
6,604,673
6,599,436
6,638,037
6,348,207
6,057,546
5,930,878
5,918,865
5,597,867

5,597,867

5,918,865

5,930,878

6,057,546

6,348,207

6,638,037

6,599,436

6,604,673

6,659,890

6,565,620

6,305,583

6,100,349

5,903,122

5,737,639

5,655,813

4,922,580

4,888,138

4,902,677

4,830,011

4,899,194

4,952,935

4,936,872

4,991,706

4,968,953

4,922,807

4,841,851

4,797,756

4,811,059

4,804,716

4,743,782

4,620,758

4,660,895

4,636,670

4,467,457

4,505,892

4,508,397

4,509,121

4,460,330

4,392,292

4,380,159

4,304,121

4,264,647

4,269,286

4,328,864

4,392,091

4,300,786

4,395,204

4,500,729

4,483,520

4,412,511

4,327,391

4,386,514

4,386,237

4,436,698

4,199,405

4,226,364

4,470,053

4,435,441

4,634,364

4,892,197

3,623,082

3,690,354

3,778,423

3,943,193

4,164,356

4,253,365

4,239,087

4,329,019

4,345,100

4,418,384

4,485,155

4,626,181

4,722,495

4,721,067

4,751,476

4,754,536

4,378,659

4,284,147

4,282,016

4,086,216

4,236,014

4,131,871

4,207,381

4,049,509

3,883,368

3,874,124

3,752,129

3,654,657

3,613,608

3,587,207

3,585,164

3,546,688

3,693,634

3,649,227

3,584,402

3,536,197

3,592,600

3,575,500

3,530,700

3,469,900

3,475,700

3,486,400

3,446,300

3,387,900

3,441,200

3,417,800

3,363,100

2,371,600

2,309,600

2,300,000

2,271,100

2,256,300

2,267,000

2,210,400

2,156,400

2,022,500

1,864,000

1,889,100

1,871,700

1,852,000

1,867,000

1,771,500

1,301,400

1,275,400

1,258,200

1,256,600

1,266,100

1,219,000

1,277,000

1,218,500

1,260,200

1,246,100

1,278,300

1,313,200

1,291,700

1,279,600

1,255,300

1,220,700

> Total Current Liabilities

0
0
0
0
18,100
17,900
17,900
17,900
17,900
17,600
18,200
18,200
18,100
16,900
15,900
0
15,900
0
0
14,100
0
0
0
0
2,109,700
2,242,200
2,227,300
2,181,500
2,211,100
2,190,400
2,247,000
2,213,800
3,342,200
3,426,100
3,428,600
3,395,000
3,305,600
3,360,300
3,388,800
3,335,400
3,393,900
3,433,900
3,428,200
3,422,300
3,484,100
3,528,900
3,551,100
3,498,200
3,546,400
3,618,200
3,662,600
3,518,900
3,557,400
3,559,400
3,585,800
3,630,100
3,727,500
3,816,500
519,736
586,219
563,287
538,348
590,646
491,704
712,553
578,285
735,423
710,530
828,280
764,143
775,173
784,639
746,517
768,841
731,977
847,764
809,261
815,101
798,599
635,264
514,131
487,973
457,275
441,418
316,466
222,030
227,178
211,756
210,503
193,202
107,385
168,543
106,727
120,917
115,689
106,683
81,582
55,630
68,687
61,854
66,640
47,821
62,668
64,382
68,962
76,943
89,784
82,960
82,747
57,063
53,028
52,451
67,852
56,358
59,078
73,611
75,769
66,337
58,471
65,356
68,894
61,756
51,247
58,317
54,581
45,646
30,928
52,664
86,170
107,973
102,545
95,479
2,967,025
3,109,937
3,223,137
3,130,054
3,115,648
3,148,302
3,109,683
2,876,522
2,862,105
2,840,356
2,670,073

2,670,073

2,840,356

2,862,105

2,876,522

3,109,683

3,148,302

3,115,648

3,130,054

3,223,137

3,109,937

2,967,025

95,479

102,545

107,973

86,170

52,664

30,928

45,646

54,581

58,317

51,247

61,756

68,894

65,356

58,471

66,337

75,769

73,611

59,078

56,358

67,852

52,451

53,028

57,063

82,747

82,960

89,784

76,943

68,962

64,382

62,668

47,821

66,640

61,854

68,687

55,630

81,582

106,683

115,689

120,917

106,727

168,543

107,385

193,202

210,503

211,756

227,178

222,030

316,466

441,418

457,275

487,973

514,131

635,264

798,599

815,101

809,261

847,764

731,977

768,841

746,517

784,639

775,173

764,143

828,280

710,530

735,423

578,285

712,553

491,704

590,646

538,348

563,287

586,219

519,736

3,816,500

3,727,500

3,630,100

3,585,800

3,559,400

3,557,400

3,518,900

3,662,600

3,618,200

3,546,400

3,498,200

3,551,100

3,528,900

3,484,100

3,422,300

3,428,200

3,433,900

3,393,900

3,335,400

3,388,800

3,360,300

3,305,600

3,395,000

3,428,600

3,426,100

3,342,200

2,213,800

2,247,000

2,190,400

2,211,100

2,181,500

2,227,300

2,242,200

2,109,700

14,100

15,900

16,900

18,100

18,200

17,600

17,900

18,100

Short-term Debt

0
0
0
0
18,100
17,900
17,900
17,900
17,900
17,600
18,200
18,200
18,100
16,900
15,900
0
15,900
0
0
14,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
264,800
200,600
277,300
302,200
203,700
265,700
371,100
416,800
462,300
352,447
391,875
334,812
386,942
275,471
300,649
256,032
311,911
185,326
228,635
335,989
519,736
586,219
563,287
538,348
590,646
491,704
712,553
578,285
735,423
710,530
828,280
764,143
775,173
784,639
746,517
768,841
731,977
776,781
809,261
815,101
798,599
635,264
514,131
487,973
457,275
441,418
316,466
222,030
227,178
211,756
210,503
193,202
107,385
104,359
106,727
120,917
115,689
106,683
81,582
55,630
53,687
61,854
66,640
47,821
62,668
64,382
68,962
76,943
89,784
82,960
82,747
57,063
53,028
52,451
67,852
56,358
59,078
73,611
75,769
66,337
58,471
65,356
68,894
61,756
51,247
58,317
54,581
45,646
30,928
52,664
86,170
107,973
102,545
95,479
93,111
120,627
153,076
128,804
127,923
78,395
63,635
87,530
141,059
116,953
64,229

64,229

116,953

141,059

87,530

63,635

78,395

127,923

128,804

153,076

120,627

93,111

95,479

102,545

107,973

86,170

52,664

30,928

45,646

54,581

58,317

51,247

61,756

68,894

65,356

58,471

66,337

75,769

73,611

59,078

56,358

67,852

52,451

53,028

57,063

82,747

82,960

89,784

76,943

68,962

64,382

62,668

47,821

66,640

61,854

53,687

55,630

81,582

106,683

115,689

120,917

106,727

104,359

107,385

193,202

210,503

211,756

227,178

222,030

316,466

441,418

457,275

487,973

514,131

635,264

798,599

815,101

809,261

776,781

731,977

768,841

746,517

784,639

775,173

764,143

828,280

710,530

735,423

578,285

712,553

491,704

590,646

538,348

563,287

586,219

519,736

335,989

228,635

185,326

311,911

256,032

300,649

275,471

386,942

334,812

391,875

352,447

462,300

416,800

371,100

265,700

203,700

302,200

277,300

200,600

264,800

14,100

15,900

16,900

18,100

18,200

17,600

17,900

18,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,015
0
0
0
53,028
52,451
67,852
56,358
59,078
73,611
75,769
66,337
58,471
65,356
68,894
61,756
0
0
0
0
30,928
52,664
86,170
107,973
102,545
95,479
90,043
119,102
146,246
124,442
118,167
76,886
57,792
83,088
138,005
115,341
0

115,341

138,005

83,088

57,792

76,886

118,167

124,442

146,246

119,102

90,043

95,479

102,545

107,973

86,170

52,664

30,928

61,756

68,894

65,356

58,471

66,337

75,769

73,611

59,078

56,358

67,852

52,451

53,028

20,015

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,119,012
3,133,871
3,252,916
3,236,744
3,196,477
3,197,569
3,257,916
3,234,635
3,251,124
3,315,440
3,285,902
3,294,065
3,330,088
3,453,631
3,536,129
3,463,991
3,447,176
3,505,429
3,645,806
3,583,619
3,938,843
3,832,840
3,873,935
3,846,101
3,739,186
3,647,047
3,551,131
3,516,734
70,983
3,335,032
3,340,214
3,264,790
3,194,638
3,163,492
3,129,788
3,095,054
4,256,281
4,157,137
4,024,626
4,060,208
3,895,029
3,890,560
4,072,698
4,132,961
64,184
4,088,385
4,192,383
4,249,921
4,249,004
4,208,499
4,130,557
4,232,492
4,161,950
4,101,394
4,108,307
4,163,781
4,214,783
4,213,389
4,321,638
4,349,191
4,380,076
4,354,844
4,366,920
4,540,659
4,516,750
4,485,314
4,644,870
4,704,741
4,697,973
4,682,570
4,734,580
4,827,613
4,867,867
4,887,122
4,835,837
4,866,839
4,792,584
4,730,262
4,796,623
4,812,621
4,799,426
5,468,412
5,539,190
5,687,979
5,923,833
6,076,389
6,288,961
6,413,956
6,405,874
6,415,591
6,495,256
6,225,290
5,899,315
0
0
0

5,899,315

6,225,290

6,495,256

6,415,591

6,405,874

6,413,956

6,288,961

6,076,389

5,923,833

5,687,979

5,539,190

5,468,412

4,799,426

4,812,621

4,796,623

4,730,262

4,792,584

4,866,839

4,835,837

4,887,122

4,867,867

4,827,613

4,734,580

4,682,570

4,697,973

4,704,741

4,644,870

4,485,314

4,516,750

4,540,659

4,366,920

4,354,844

4,380,076

4,349,191

4,321,638

4,213,389

4,214,783

4,163,781

4,108,307

4,101,394

4,161,950

4,232,492

4,130,557

4,208,499

4,249,004

4,249,921

4,192,383

4,088,385

64,184

4,132,961

4,072,698

3,890,560

3,895,029

4,060,208

4,024,626

4,157,137

4,256,281

3,095,054

3,129,788

3,163,492

3,194,638

3,264,790

3,340,214

3,335,032

70,983

3,516,734

3,551,131

3,647,047

3,739,186

3,846,101

3,873,935

3,832,840

3,938,843

3,583,619

3,645,806

3,505,429

3,447,176

3,463,991

3,536,129

3,453,631

3,330,088

3,294,065

3,285,902

3,315,440

3,251,124

3,234,635

3,257,916

3,197,569

3,196,477

3,236,744

3,252,916

3,133,871

3,119,012

Other Current Liabilities

0
0
0
0
-18,100
-17,900
-17,900
-17,900
-17,900
-17,600
-18,200
-18,200
-18,100
-16,900
-15,900
0
-15,900
0
0
-14,100
0
0
0
0
2,109,700
2,242,200
2,227,300
2,181,500
2,211,100
2,190,400
2,247,000
2,213,800
3,342,200
3,426,100
3,428,600
3,395,000
3,305,600
3,360,300
3,124,000
3,134,800
3,116,600
3,131,700
3,224,500
3,156,600
3,113,000
3,112,100
3,088,800
3,145,753
3,154,525
3,283,388
3,275,658
3,243,429
3,256,751
3,303,368
3,273,889
3,444,774
3,498,865
3,480,511
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,890,560
4,072,698
4,132,961
4,140,373
4,088,385
4,192,383
4,249,921
4,249,004
4,208,499
4,130,557
15,000
4,161,950
4,101,394
4,108,307
4,163,781
4,214,783
4,213,389
4,321,638
4,349,191
4,380,076
4,354,844
4,366,920
4,540,659
4,516,750
4,485,314
4,644,870
4,704,741
4,697,973
4,682,570
4,734,580
4,827,613
4,867,867
4,887,122
4,835,837
4,866,839
4,792,584
4,730,262
4,796,623
4,812,621
4,799,426
5,468,412
4,453,816
4,476,229
4,364,350
2,873,914
2,989,310
3,070,061
3,001,250
2,987,725
3,069,907
3,046,048
2,788,992
2,721,046
2,723,403
2,605,844

2,605,844

2,723,403

2,721,046

2,788,992

3,046,048

3,069,907

2,987,725

3,001,250

3,070,061

2,989,310

2,873,914

4,364,350

4,476,229

4,453,816

5,468,412

4,799,426

4,812,621

4,796,623

4,730,262

4,792,584

4,866,839

4,835,837

4,887,122

4,867,867

4,827,613

4,734,580

4,682,570

4,697,973

4,704,741

4,644,870

4,485,314

4,516,750

4,540,659

4,366,920

4,354,844

4,380,076

4,349,191

4,321,638

4,213,389

4,214,783

4,163,781

4,108,307

4,101,394

4,161,950

15,000

4,130,557

4,208,499

4,249,004

4,249,921

4,192,383

4,088,385

4,140,373

4,132,961

4,072,698

3,890,560

3,480,511

3,498,865

3,444,774

3,273,889

3,303,368

3,256,751

3,243,429

3,275,658

3,283,388

3,154,525

3,145,753

3,088,800

3,112,100

3,113,000

3,156,600

3,224,500

3,131,700

3,116,600

3,134,800

3,124,000

3,360,300

3,305,600

3,395,000

3,428,600

3,426,100

3,342,200

2,213,800

2,247,000

2,190,400

2,211,100

2,181,500

2,227,300

2,242,200

2,109,700

-14,100

-15,900

-16,900

-18,100

-18,200

-17,600

-17,900

-18,100

> Long-term Liabilities

0
0
0
0
1,000
900
900
800
800
800
0
0
0
0
0
0
0
0
14,100
0
16,700
15,600
36,400
36,400
28,500
27,500
25,500
25,500
20,000
20,000
20,000
42,500
63,400
63,900
58,900
58,200
57,500
57,500
52,500
52,500
52,500
52,500
47,500
47,600
46,500
46,500
41,500
38,000
38,000
31,000
31,000
27,800
27,800
27,800
27,800
24,600
24,600
58,600
24,607
21,393
21,393
9,643
129,643
41,429
21,429
21,429
21,429
40,391
40,354
40,318
40,281
37,030
36,993
36,956
36,920
36,883
36,846
36,809
36,773
36,736
36,699
26,665
3,596,451
86,772
86,338
85,904
85,470
10,306
10,223
66,934
61,698
51,490
46,351
26,078
26,023
25,967
25,911
25,855
25,799
40,743
40,687
40,631
20,577
20,437
20,296
20,156
20,015
45,361
68,301
43,474
42,983
91,694
67,592
42,554
40,897
39,475
39,417
40,934
36,723
35,730
35,690
39,279
34,849
17,891
20,506
19,721
17,136
17,246
33,578
40,917
44,610
28,494
3,338,558
3,455,683
3,436,753
3,474,619
3,483,788
3,489,735
3,238,524
3,181,024
3,068,773
3,078,509
2,927,794

2,927,794

3,078,509

3,068,773

3,181,024

3,238,524

3,489,735

3,483,788

3,474,619

3,436,753

3,455,683

3,338,558

28,494

44,610

40,917

33,578

17,246

17,136

19,721

20,506

17,891

34,849

39,279

35,690

35,730

36,723

40,934

39,417

39,475

40,897

42,554

67,592

91,694

42,983

43,474

68,301

45,361

20,015

20,156

20,296

20,437

20,577

40,631

40,687

40,743

25,799

25,855

25,911

25,967

26,023

26,078

46,351

51,490

61,698

66,934

10,223

10,306

85,470

85,904

86,338

86,772

3,596,451

26,665

36,699

36,736

36,773

36,809

36,846

36,883

36,920

36,956

36,993

37,030

40,281

40,318

40,354

40,391

21,429

41,429

129,643

9,643

21,393

24,607

58,600

24,600

27,800

31,000

38,000

41,500

46,500

47,600

47,500

52,500

57,500

58,200

58,900

63,900

63,400

42,500

20,000

25,500

27,500

28,500

36,400

15,600

16,700

14,100

800

900

1,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,430
26,396
26,363
26,108
25,853
15,000
15,000
0
15,000
15,000
15,000
15,000
15,000
15,000
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
1,681
0
0
0
0
0
0
0
0
0
0
0

1,681

15,000

25,853

26,108

26,363

26,396

26,430

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,702
20,620
30,463
38,912
46,919
59,124
45,438
39,241
78,600
43,447
57,626
44,960
111,809
169,070
47,751
51,734
105,907
42,605
38,627
38,188
64,772
50,002
42,671
60,940
65,326
54,598
61,456
59,469
70,983
57,948
61,241
64,194
76,555
64,101
45,928
44,122
81,128
47,859
76,350
70,700
82,809
61,689
77,468
57,830
64,184
60,075
58,133
66,887
94,075
54,212
63,744
55,113
54,317
50,565
57,888
47,095
70,557
79,645
41,593
50,131
45,361
68,301
43,474
42,983
91,694
67,592
42,554
40,897
39,475
39,417
40,934
36,723
35,730
35,690
39,279
34,849
30,402
24,662
40,687
27,453
53,244
85,474
71,378
112,598
79,356
139,151
157,557
73,722
74,357
71,521
65,895
49,379
75,143
70,158
0
0

70,158

75,143

49,379

65,895

71,521

74,357

73,722

157,557

139,151

79,356

112,598

71,378

85,474

53,244

27,453

40,687

24,662

30,402

34,849

39,279

35,690

35,730

36,723

40,934

39,417

39,475

40,897

42,554

67,592

91,694

42,983

43,474

68,301

45,361

50,131

41,593

79,645

70,557

47,095

57,888

50,565

54,317

55,113

63,744

54,212

94,075

66,887

58,133

60,075

64,184

57,830

77,468

61,689

82,809

70,700

76,350

47,859

81,128

44,122

45,928

64,101

76,555

64,194

61,241

57,948

70,983

59,469

61,456

54,598

65,326

60,940

42,671

50,002

64,772

38,188

38,627

42,605

105,907

51,734

47,751

169,070

111,809

44,960

57,626

43,447

78,600

39,241

45,438

59,124

46,919

38,912

30,463

20,620

26,702

> Total Stockholder Equity

0
0
0
0
66,500
68,100
70,600
72,400
74,500
76,800
79,200
82,400
84,900
87,200
89,200
99,400
102,700
105,700
108,700
112,000
141,000
145,700
152,400
152,400
158,600
163,000
166,200
192,300
206,100
218,300
223,900
230,400
233,800
229,200
238,900
245,400
387,000
399,100
407,200
414,800
417,700
376,100
368,600
357,200
339,600
316,400
300,600
292,958
294,113
331,304
337,747
330,918
318,471
323,141
314,359
307,637
320,373
335,440
341,499
336,946
357,311
350,922
340,371
338,600
329,795
351,924
358,609
437,575
439,617
432,024
426,714
429,372
421,731
426,976
424,235
419,810
407,982
403,651
394,603
399,109
410,445
399,128
409,852
536,668
559,231
535,718
505,448
519,131
527,681
541,173
545,287
550,915
549,340
553,988
558,641
559,528
557,926
558,841
560,102
558,980
544,622
541,840
542,934
540,883
538,803
533,395
526,603
527,380
525,338
533,938
532,205
538,973
558,327
562,996
561,367
584,888
595,594
603,957
590,239
582,083
586,138
592,591
615,591
656,767
693,437
713,378
731,417
705,546
808,076
825,576
844,809
812,132
842,196
837,953
827,102
701,744
617,126
538,988
602,110
642,925
651,862
648,423
772,894

772,894

648,423

651,862

642,925

602,110

538,988

617,126

701,744

827,102

837,953

842,196

812,132

844,809

825,576

808,076

705,546

731,417

713,378

693,437

656,767

615,591

592,591

586,138

582,083

590,239

603,957

595,594

584,888

561,367

562,996

558,327

538,973

532,205

533,938

525,338

527,380

526,603

533,395

538,803

540,883

542,934

541,840

544,622

558,980

560,102

558,841

557,926

559,528

558,641

553,988

549,340

550,915

545,287

541,173

527,681

519,131

505,448

535,718

559,231

536,668

409,852

399,128

410,445

399,109

394,603

403,651

407,982

419,810

424,235

426,976

421,731

429,372

426,714

432,024

439,617

437,575

358,609

351,924

329,795

338,600

340,371

350,922

357,311

336,946

341,499

335,440

320,373

307,637

314,359

323,141

318,471

330,918

337,747

331,304

294,113

292,958

300,600

316,400

339,600

357,200

368,600

376,100

417,700

414,800

407,200

399,100

387,000

245,400

238,900

229,200

233,800

230,400

223,900

218,300

206,100

192,300

166,200

163,000

158,600

152,400

145,700

141,000

112,000

108,700

105,700

102,700

99,400

89,200

87,200

84,900

82,400

79,200

76,800

74,500

72,400

70,600

68,100

66,500

Common 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
186,400
183,039
183,301
206,912
206,952
213,358
211,966
211,748
209,074
211,608
226,551
222,493
217,198
215,291
219,060
220,527
220,285
217,477
221,896
222,344
229,975
317,292
316,680
314,174
313,959
342,972
346,224
346,603
344,263
341,724
338,290
337,627
337,201
339,468
351,157
354,537
354,674
356,326
367,840
368,032
368,732
369,497
372,989
376,123
378,885
379,142
375,277
374,398
377,775
375,750
372,631
371,211
375,113
376,680
374,209
373,799
381,657
386,201
384,893
382,906
380,843
377,669
380,050
381,227
381,436
381,426
391,213
393,134
406,139
424,203
426,012
427,188
433,267
441,350
444,871
449,180
449,746
465,281
460,140
463,424
466,231
466,472
467,386
467,236
466,041
469,885
470,330
470,676
471,008
472,435
473,520
474,697
475,086
471,124
471,475
471,827
473,136

473,136

471,827

471,475

471,124

475,086

474,697

473,520

472,435

471,008

470,676

470,330

469,885

466,041

467,236

467,386

466,472

466,231

463,424

460,140

465,281

449,746

449,180

444,871

441,350

433,267

427,188

426,012

424,203

406,139

393,134

391,213

381,426

381,436

381,227

380,050

377,669

380,843

382,906

384,893

386,201

381,657

373,799

374,209

376,680

375,113

371,211

372,631

375,750

377,775

374,398

375,277

379,142

378,885

376,123

372,989

369,497

368,732

368,032

367,840

356,326

354,674

354,537

351,157

339,468

337,201

337,627

338,290

341,724

344,263

346,603

346,224

342,972

313,959

314,174

316,680

317,292

229,975

222,344

221,896

217,477

220,285

220,527

219,060

215,291

217,198

222,493

226,551

211,608

209,074

211,748

211,966

213,358

206,952

206,912

183,301

183,039

186,400

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
145,654
155,088
163,519
166,523
162,752
165,735
166,437
168,758
169,164
170,075
170,364
166,928
165,889
163,921
156,964
145,826
141,356
140,756
140,468
140,111
141,300
145,513
150,094
150,928
155,229
160,861
165,302
170,128
175,446
180,202
173,804
184,185
191,167
197,477
205,841
211,941
220,173
229,500
239,135
238,903
246,958
254,717
264,356
273,346
284,910
295,958
306,395
317,574
331,596
355,053
383,094
403,339
432,395
0
0

432,395

403,339

383,094

355,053

331,596

317,574

306,395

295,958

284,910

273,346

264,356

254,717

246,958

238,903

239,135

229,500

220,173

211,941

205,841

197,477

191,167

184,185

173,804

180,202

175,446

170,128

165,302

160,861

155,229

150,928

150,094

145,513

141,300

140,111

140,468

140,756

141,356

145,826

156,964

163,921

165,889

166,928

170,364

170,075

169,164

168,758

166,437

165,735

162,752

166,523

163,519

155,088

145,654

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,500
-600
-900
-1,800
-700
0
300
1,700
3,500
3,000
5,000
7,800
7,000
11,000
14,600
17,900
19,600
19,500
23,900
20,200
16,100
6,700
1,700
-4,500
-6,585
-6,996
-1,546
7,169
12,940
10,260
16,537
11,900
8,062
14,184
19,797
19,152
20,710
26,001
16,004
13,191
23,037
730
10,332
9,638
5,657
10,608
5,185
4,305
1,139
-2,037
4,539
4,584
6,327
2,213
2,578
-1,530
-1,031
3,483
2,960
1,040
2,274
1,747
6,053
3,714
4,796
6,314
7,238
159
2,526
8,251
10,795
11,369
12,180
13,030
14,454
14,625
15,372
4,524
4,120
4,313
8,856
12,554
9,733
5,292
9,600
3,988
7,198
675
6,619
11,885
9,001
-10,074
-9,443
-5,864
-3,433
-16,832
-43,452
-49,900
-54,066
-39,996
-11,249
13,124
20,454
26,051
171
93,732
103,623
114,412
68,901
470,330
470,676
471,008
472,435
473,520
474,697
475,086
471,124
471,475
471,827
-190,247

-190,247

471,827

471,475

471,124

475,086

474,697

473,520

472,435

471,008

470,676

470,330

68,901

114,412

103,623

93,732

171

26,051

20,454

13,124

-11,249

-39,996

-54,066

-49,900

-43,452

-16,832

-3,433

-5,864

-9,443

-10,074

9,001

11,885

6,619

675

7,198

3,988

9,600

5,292

9,733

12,554

8,856

4,313

4,120

4,524

15,372

14,625

14,454

13,030

12,180

11,369

10,795

8,251

2,526

159

7,238

6,314

4,796

3,714

6,053

1,747

2,274

1,040

2,960

3,483

-1,031

-1,530

2,578

2,213

6,327

4,584

4,539

-2,037

1,139

4,305

5,185

10,608

5,657

9,638

10,332

730

23,037

13,191

16,004

26,001

20,710

19,152

19,797

14,184

8,062

11,900

16,537

10,260

12,940

7,169

-1,546

-6,996

-6,585

-4,500

1,700

6,700

16,100

20,200

23,900

19,500

19,600

17,900

14,600

11,000

7,000

7,800

5,000

3,000

3,500

1,700

300

-700

-1,800

-900

-600

2,500

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
27,000
27,100
28,000
28,000
28,000
28,000
28,000
28,800
28,800
28,700
29,000
34,000
34,600
34,700
34,800
35,300
62,500
63,300
65,800
63,300
63,900
63,900
63,800
76,900
89,100
95,000
94,700
95,900
95,700
93,400
93,500
96,400
195,900
197,000
198,600
200,400
200,200
191,100
195,100
196,900
194,100
189,700
-4,500
-6,585
-6,996
-1,546
7,169
12,940
10,260
16,537
11,900
8,062
14,184
19,797
19,152
0
0
0
13,191
0
0
0
11,784
0
0
0
318,264
0
343,490
343,869
341,529
338,990
335,300
334,637
334,211
336,545
348,748
352,128
354,674
356,326
367,840
368,032
368,732
2,485
375,713
378,847
381,609
381,866
378,337
377,458
380,835
378,590
375,732
374,312
3,101
3,101
2,711
2,711
2,711
2,711
2,711
2,711
2,711
2,711
2,711
2,578
2,578
1,533
1,533
1,533
1,533
1,533
1,533
1,533
1,533
1,533
1,533
1,395
1,395
771
771
771
771
771
35
35
35
35
86,956
71,319
49,699
-560,700
-661,510
-765,459
-731,156
-702,662
-723,483
-757,501
0

-757,501

-723,483

-702,662

-731,156

-765,459

-661,510

-560,700

49,699

71,319

86,956

771

1,395

1,533

2,578

2,711

3,101

374,312

375,732

378,590

380,835

377,458

378,337

381,866

381,609

378,847

375,713

2,485

368,732

368,032

367,840

356,326

354,674

352,128

348,748

336,545

334,211

334,637

335,300

338,990

341,529

343,869

343,490

318,264

11,784

13,191

19,152

19,797

14,184

8,062

11,900

16,537

10,260

12,940

7,169

-1,546

-6,996

-6,585

-4,500

189,700

194,100

196,900

195,100

191,100

200,200

200,400

198,600

197,000

195,900

96,400

93,500

93,400

95,700

95,900

94,700

95,000

89,100

76,900

63,800

63,900

63,300

65,800

63,300

62,500

35,300

34,800

34,700

34,600

34,000

29,000

28,700

28,800

28,000

27,100

27,000

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Accounts Payable	0	6,225,290	6,413,956	5,687,979	4,812,621	4,866,839	4,827,613	4,704,741	4,540,659	4,349,191	4,163,781	4,232,492	4,249,921	4,132,961	4,060,208	3,095,054	3,264,790	3,516,734	3,846,101	3,583,619	3,463,991	3,294,065	3,234,635	3,236,744	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
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	-	-	-	-
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	-	-	-	-
Accumulated Other Comprehensive Income	-190,247	475,086	471,008	466,006	465,460	448,351	431,734	404,606	675	5,292	4,313	14,625	11,369	159	3,714	1,040	-1,530	4,584	4,305	9,638	13,191	19,152	11,900	7,169	-4,500	20,200	17,900	7,800	1,700	-1,800	2,500	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	-	-	-	-
Capital Lease Obligations	18,814	15,746	17,980	18,832	17,136	0	0	0	0	0	0	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	473,136	475,121	471,008	466,006	465,460	448,351	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Cash	190,314	294,236	1,132,085	621,275	373,421	420,284	575,002	462,271	433,044	380,836	472,028	491,382	530,045	338,793	361,135	138,883	209,764	184,442	209,273	126,153	189,628	222,577	179,182	286,482	255,700	229,700	250,800	355,200	182,100	112,400	102,600	95,900	62,200	80,900	86,800	-	-	-	-
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	-	-	-	-
Cash And Short Term Investments	190,314	4,625,979	5,770,940	4,684,460	3,452,267	3,074,954	2,768,509	2,353,029	2,003,260	1,981,617	1,551,409	1,317,018	530,045	338,793	361,135	138,883	209,764	184,442	209,273	126,153	189,628	222,577	179,182	286,482	255,700	229,700	250,800	149,400	182,100	112,400	102,600	95,900	62,200	80,900	86,800	-	-	-	-
Common Stock	473,136	475,086	471,008	466,006	465,460	448,351	431,734	404,606	381,436	380,843	381,657	375,113	377,775	378,885	368,732	354,674	337,201	344,263	313,959	229,975	220,285	217,198	209,074	206,952	186,400	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	26,706	26,907	26,870	26,960	27,006	26,756	26,419	25,678	25,577	26,160	26,877	27,699	28,742	29,471	29,353	29,273	30,165	31,739	32,897	32,461	33,369	34,225	35,748	36,936	39,194	42,524	43,727	35,443	29,605	24,222	24,118	17,500	15,890	15,652	15,532	15,484	16,111	15,357	14,211
Common Stock Total Equity	0	475,086	471,008	466,006	465,460	448,351	431,734	404,606	378,858	378,132	378,946	372,012	377,775	378,885	0	0	0	0	313,959	229,975	220,285	217,198	209,074	206,952	186,400	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	3,837,691	3,651,245	3,362,490	3,249,661	2,901,550	0	0	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	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,699	121,699	121,719	121,719	121,907	18,996	18,996	18,996	16,329	16,300	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	347	122,256	122,508	122,777	123,064	123,602	125,523	128,600	10,431	14,287	18,557	23,261	28,629	34,604	35,667	15,208	140,148	143,801	26,170	21,890	22,434	23,176	19,012	20,400	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Inventory	-244,882	-4,679,537	-5,806,461	-4,717,482	-3,481,064	350	1,426	3,095	9,264	6,374	13,320	26,352	45,635	35,411	35,939	3,505	613	647	0	0	90	381	523	2,065	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	6,370,761	6,950,317	7,486,992	6,770,736	5,631,401	5,569,578	5,514,664	5,369,512	5,168,875	5,035,724	4,847,055	4,952,193	5,042,161	4,931,524	4,975,501	4,032,934	4,558,959	4,769,335	5,149,209	4,737,268	4,576,385	4,224,867	3,927,967	4,031,381	3,893,200	3,844,300	3,848,400	2,548,500	2,490,900	2,030,200	2,004,400	1,384,100	1,308,200	1,325,300	1,350,200	-	-	-	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	20,577	15,000	15,000	26,363	36,887	26,631	36,773	36,920	40,281	21,429	129,643	194,607	27,821	31,036	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	15,000	15,000	26,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Investments	4,907,022	5,247,656	4,945,251	4,063,185	3,816,918	3,639,279	1,158,864	1,346,312	1,316,075	1,038,658	2,928,350	3,237,164	3,414,012	3,467,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	-113,338	-220,698	-967,859	-499,898	-325,357	-369,037	-516,531	-403,193	-380,016	-271,037	-388,783	-396,896	-378,333	-170,102	-48,487	318,392	625,608	584,455	606,181	630,699	530,661	321,766	160,550	131,496	248,100	21,500	66,500	-106,900	-162,100	-86,900	-66,200	-81,800	-46,300	-62,700	-68,000	-	-	-	-
Net Invested Capital	0	659,902	973,348	947,354	762,345	666,838	648,710	0	0	0	0	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	54,568	53,558	35,521	33,022	28,797	25,834	23,557	21,489	20,174	19,394	22,957	34,121	63,375	225,713	256,032	150,212	151,142	152,669	150,478	136,738	131,677	136,636	117,397	121,212	101,200	102,800	96,100	93,300	60,600	51,400	41,700	27,900	22,100	25,200	32,300	-	-	-	-
Net Tangible Assets	0	479,854	704,594	722,032	608,353	491,989	464,716	432,767	400,101	390,643	402,704	415,168	408,339	389,010	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Working Capital	-2,419,991	-2,756,995	-2,050,774	-2,174,468	-1,871,090	-1,843,372	-1,651,106	-1,656,841	2,043,299	2,113,775	2,376,589	2,697,249	3,178,066	3,379,372	3,441,716	2,173,622	2,013,723	2,082,752	2,192,600	322,440	1,012,893	650,689	-3,289,221	-3,254,906	-3,194,200	-3,095,700	-3,041,900	-3,224,700	-2,004,300	-2,063,500	0	0	68,400	87,900	101,200	-	-	-	-
Non Current Assets Total	6,120,679	6,597,629	6,314,629	6,111,867	5,225,403	5,118,452	4,909,773	4,877,832	3,072,548	2,832,165	2,407,798	2,186,257	1,748,406	1,444,767	1,306,607	1,402,037	1,746,637	1,954,606	2,181,436	35,223	35,748	37,396	1,197,960	1,191,492	1,263,500	1,260,700	1,282,600	935,300	889,100	782,900	752,200	489,100	445,500	371,000	291,100	-	-	-	-
Non Current Liabilities Other	0	65,125	73,722	112,598	44,589	34,849	36,723	40,897	42,983	50,131	57,095	65,113	76,887	57,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Liabilities Total	2,927,794	3,238,524	3,436,753	3,092,590	2,622,896	2,659,489	2,668,428	2,659,624	42,983	20,015	20,577	25,799	26,023	61,698	85,470	3,596,451	36,773	36,920	40,281	21,429	129,643	24,607	27,800	31,000	41,500	47,500	52,500	58,900	20,000	25,500	36,400	14,100	0	0	900	-	-	-	-
Non Currrent Assets Other	5,804,259	6,259,346	6,065,648	5,882,078	4,992,675	4,890,842	77,435	67,957	15,460	18,914	18,574	21,007	2,124,957	-1,416,432	-1,149,241	-1,265,130	-1,606,489	-1,810,805	-2,033,359	-2,192,542	-1,949,822	-1,386,833	-1,197,960	-1,191,492	-1,263,500	-1,260,700	-1,282,600	-935,300	-889,100	-782,900	-752,200	-489,100	-445,500	-371,000	-291,100	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	2,173,263	-3,444,349	-2,703,915	-1,836,088	9,378,038	9,036,518	8,781,111	8,241,423	7,867,889	7,254,853	7,138,450	6,790,567	6,376,291	6,282,108	5,434,971	6,305,596	6,723,941	7,330,645	3,644,182	2,937,098	3,017,046	2,433,428	2,432,195	2,272,800	2,251,100	2,218,900	1,409,300	1,359,100	1,083,500	1,107,900	771,200	778,400	848,200	940,000	-	-	-	-
Other Current Assets	250,082	352,688	1,172,363	658,869	405,998	-1,341,774	-802,492	-423,463	72,893	202,548	864,891	1,414,797	2,763,710	2,922,251	3,051,727	2,341,802	2,451,416	2,477,618	2,616,372	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Liab	2,605,844	3,046,048	3,070,061	2,725,177	2,240,112	2,243,251	2,197,526	2,089,443	4,540,659	4,349,191	4,163,781	15,000	-10,000	4,132,961	0	0	0	0	0	0	0	0	3,273,889	3,275,658	3,088,800	3,224,500	3,124,000	3,428,600	2,247,000	2,227,300	0	0	-15,900	-18,200	-17,900	-	-	-	-
Other Liab	0	49,379	73,722	112,598	27,453	34,849	36,723	40,897	42,983	50,131	47,095	55,113	66,887	57,830	70,700	44,122	64,194	59,469	60,940	38,188	51,734	44,960	39,241	38,912	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	0	-731,156	-421,309	-351,559	-438,638	-486,952	-15,299	-8,541	2,578	2,711	2,711	3,101	380,835	381,609	368,732	354,674	334,211	341,529	318,264	11,784	13,191	19,152	11,900	7,169	-4,500	195,100	198,600	93,500	94,700	63,800	63,300	34,800	29,000	28,000	28,000	-	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
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	-	-	-	-
Property Plant And Equipment Gross	107,660	104,650	106,651	51,645	51,733	34,507	35,301	36,566	38,693	37,852	37,314	38,639	36,548	36,278	38,098	27,351	28,380	30,188	33,221	35,223	35,748	37,396	39,821	42,182	44,000	46,000	48,400	41,000	26,600	23,300	26,100	15,900	16,700	16,500	18,500	-	-	-	-
Property Plant And Equipment Net	45,830	44,565	49,135	51,645	51,733	34,507	35,301	36,566	38,693	37,852	37,314	38,639	36,548	36,278	38,098	27,351	28,380	30,188	33,221	35,223	35,748	37,396	39,821	42,182	44,000	46,000	48,400	41,000	26,600	23,300	26,100	15,900	16,700	16,500	18,500	-	-	-	-
Property Plant Equipment	0	28,819	31,155	32,813	34,597	34,507	35,301	36,566	38,693	37,852	37,314	38,639	36,548	36,278	38,098	27,351	28,380	30,188	33,221	35,223	35,748	37,396	39,821	42,182	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	490,005	383,094	306,395	264,356	239,135	205,841	173,804	165,302	150,094	140,468	156,964	170,364	166,437	163,519	133,002	54,138	61,922	78,122	108,450	118,996	106,895	105,149	93,385	123,626	118,700	153,300	190,700	137,600	127,500	104,200	86,600	73,900	60,200	51,200	42,600	-	-	-	-
Retained Earnings Total Equity	0	383,094	306,395	264,356	239,135	205,841	173,804	165,302	150,094	140,468	156,964	170,364	166,437	163,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	0	57,792	146,246	102,545	30,928	51,247	58,471	59,078	53,028	20,015	0	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	76,976	73,538	164,226	121,377	48,064	51,247	58,471	59,078	53,028	109,799	83,245	94,486	151,712	169,083	312,648	457,275	835,372	768,897	815,454	756,852	720,289	544,343	339,732	417,978	503,800	251,200	317,300	42,500	20,000	25,500	36,400	14,100	15,900	18,200	18,800	-	-	-	-
Short Term Debt	64,229	63,635	153,076	108,160	36,976	51,247	58,471	59,078	53,028	89,784	62,668	53,687	125,689	107,385	227,178	457,275	798,599	731,977	775,173	735,423	590,646	519,736	311,911	386,942	462,300	203,700	264,800	0	0	0	0	0	15,900	18,200	17,900	-	-	-	-
Short Term Investments	3,999,801	4,331,743	4,638,855	4,063,185	3,078,846	2,654,670	2,191,707	1,890,758	1,570,216	1,600,781	1,079,381	825,636	638,753	-392	442	288,454	333	567	662,388	931,710	1,413,911	947,848	534	250	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	6,370,761	6,950,317	7,486,992	6,770,736	5,631,401	5,569,578	5,514,664	5,369,512	5,168,875	5,035,724	4,847,055	4,952,193	5,042,161	4,931,524	4,975,501	4,032,934	4,558,959	4,769,335	5,149,209	4,737,268	4,576,385	4,224,867	3,927,967	4,031,381	3,893,200	3,844,300	3,848,400	2,548,500	2,490,900	2,030,200	2,004,400	1,384,100	1,308,200	1,325,300	1,350,200	-	-	-	-
Total Current Assets	250,082	352,688	1,172,363	658,869	405,998	451,126	604,891	491,680	2,096,327	2,203,559	2,439,257	2,765,936	3,293,755	3,486,757	3,668,894	2,630,897	2,812,322	2,814,729	2,967,773	1,057,863	1,603,539	1,170,425	296,579	407,694	356,900	332,500	346,900	203,900	242,700	163,800	144,300	123,800	84,300	106,100	119,100	-	-	-	-
Total Current Liabilities	2,670,073	3,109,683	3,223,137	2,833,337	2,277,088	2,294,498	2,255,997	2,148,521	53,028	89,784	62,668	68,687	115,689	107,385	227,178	457,275	798,599	731,977	775,173	735,423	590,646	519,736	3,585,800	3,662,600	3,551,100	3,428,200	3,388,800	3,428,600	2,247,000	2,227,300	0	0	15,900	18,200	17,900	-	-	-	-
Total Liab	5,597,867	6,348,207	6,659,890	5,925,927	4,899,984	4,953,987	4,924,425	4,808,145	4,636,670	4,509,121	4,304,121	4,392,091	4,483,520	4,386,237	4,470,053	3,623,082	4,164,356	4,345,100	4,722,495	4,378,659	4,236,014	3,883,368	3,613,608	3,693,634	3,592,600	3,475,700	3,441,200	2,309,600	2,267,000	1,864,000	1,852,000	1,275,400	1,219,000	1,246,100	1,279,600	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Stockholder Equity	772,894	602,110	827,102	844,809	731,417	615,591	590,239	561,367	532,205	526,603	542,934	560,102	558,641	545,287	505,448	409,852	394,603	424,235	426,714	358,609	340,371	341,499	314,359	337,747	300,600	368,600	407,200	238,900	223,900	166,200	152,400	108,700	89,200	79,200	70,600	-	-	-	-
Treasury 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	-	-	-	-
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	-	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-03-31	1987-03-31	1986-03-31
Accounts Payable	0	0	0	5,899,315	6,225,290	6,495,256	6,415,591	6,405,874	6,413,956	6,288,961	6,076,389	5,923,833	5,687,979	5,539,190	5,468,412	4,799,426	4,812,621	4,796,623	4,730,262	4,792,584	4,866,839	4,835,837	4,887,122	4,867,867	4,827,613	4,734,580	4,682,570	4,697,973	4,704,741	4,644,870	4,485,314	4,516,750	4,540,659	4,366,920	4,354,844	4,380,076	4,349,191	4,321,638	4,213,389	4,214,783	4,163,781	4,108,307	4,101,394	4,161,950	4,232,492	4,130,557	4,208,499	4,249,004	4,249,921	4,192,383	4,088,385	64,184	4,132,961	4,072,698	3,890,560	3,895,029	4,060,208	4,024,626	4,157,137	4,256,281	3,095,054	3,129,788	3,163,492	3,194,638	3,264,790	3,340,214	3,335,032	70,983	3,516,734	3,551,131	3,647,047	3,739,186	3,846,101	3,873,935	3,832,840	3,938,843	3,583,619	3,645,806	3,505,429	3,447,176	3,463,991	3,536,129	3,453,631	3,330,088	3,294,065	3,285,902	3,315,440	3,251,124	3,234,635	3,257,916	3,197,569	3,196,477	3,236,744	3,252,916	3,133,871	3,119,012	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-190,247	471,827	471,475	471,124	475,086	474,697	473,520	472,435	471,008	470,676	470,330	68,901	114,412	103,623	93,732	171	26,051	20,454	13,124	-11,249	-39,996	-54,066	-49,900	-43,452	-16,832	-3,433	-5,864	-9,443	-10,074	9,001	11,885	6,619	675	7,198	3,988	9,600	5,292	9,733	12,554	8,856	4,313	4,120	4,524	15,372	14,625	14,454	13,030	12,180	11,369	10,795	8,251	2,526	159	7,238	6,314	4,796	3,714	6,053	1,747	2,274	1,040	2,960	3,483	-1,031	-1,530	2,578	2,213	6,327	4,584	4,539	-2,037	1,139	4,305	5,185	10,608	5,657	9,638	10,332	730	23,037	13,191	16,004	26,001	20,710	19,152	19,797	14,184	8,062	11,900	16,537	10,260	12,940	7,169	-1,546	-6,996	-6,585	-4,500	1,700	6,700	16,100	20,200	23,900	19,500	19,600	17,900	14,600	11,000	7,000	7,800	5,000	3,000	3,500	1,700	300	0	-700	-1,800	-900	-600	2,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Lease Obligations	18,814	18,593	16,788	15,447	15,746	16,576	17,556	17,456	17,980	19,285	20,694	20,609	18,832	19,098	15,757	17,246	17,136	19,721	20,506	17,891	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	473,136	471,862	471,510	471,159	475,121	474,732	473,555	472,435	471,008	470,676	470,330	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	190,314	420,550	266,187	195,202	294,236	413,665	753,293	1,037,593	1,132,085	1,011,048	939,929	866,457	621,275	398,964	500,820	304,628	373,421	415,639	418,586	421,788	420,284	522,660	629,146	555,607	575,002	561,757	529,362	546,815	462,271	471,367	441,785	471,164	433,044	268,587	289,606	247,450	380,836	524,338	484,904	428,840	472,028	388,579	384,276	355,459	491,382	367,964	320,925	541,102	530,045	459,754	320,119	348,157	338,793	344,169	294,240	253,229	361,135	180,058	168,777	149,053	138,883	142,338	134,094	139,621	209,764	219,631	164,065	208,413	184,442	191,611	188,670	187,947	209,273	193,220	194,749	168,341	126,153	165,277	185,522	166,649	189,628	189,269	201,560	186,281	222,577	175,666	183,589	173,563	179,182	195,575	192,408	188,704	286,482	232,876	248,471	206,226	255,700	212,100	191,800	194,600	229,700	203,400	244,100	212,600	250,800	246,500	231,000	156,100	355,200	153,600	167,700	154,400	182,100	168,200	184,300	147,300	112,400	115,500	110,800	102,600	102,600	119,800	128,700	57,700	95,900	58,000	106,500	116,400	62,200	84,700	81,600	127,700	80,900	96,900	115,500	85,800	86,800	130,300	95,600	-	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	190,314	4,326,783	4,312,645	4,412,715	294,236	4,789,996	5,360,407	5,654,181	1,132,085	5,613,754	5,244,091	4,857,027	4,684,460	4,382,958	4,209,190	3,515,317	3,452,267	3,399,406	3,194,485	3,124,028	3,074,954	3,001,568	2,992,340	2,907,577	2,768,509	2,652,234	2,505,518	2,440,124	2,353,029	2,233,775	1,972,820	2,057,134	2,003,260	1,840,297	1,924,484	2,024,770	1,981,617	1,915,700	1,763,146	1,669,128	1,551,409	1,449,007	1,389,164	1,327,635	1,317,018	367,964	320,925	541,102	530,045	459,754	320,119	348,157	338,793	344,169	294,240	253,229	361,135	180,058	168,777	149,053	138,883	142,338	134,094	139,621	209,764	219,631	164,065	208,413	184,442	191,611	188,670	187,947	209,273	193,220	194,749	168,341	126,153	165,277	185,522	166,649	189,628	189,269	201,560	186,281	222,577	175,666	183,589	173,563	179,182	195,575	192,408	188,704	286,482	232,876	248,471	206,226	255,700	212,100	191,800	194,600	229,700	203,400	244,100	212,600	250,800	246,500	231,000	156,100	149,400	153,600	167,700	154,400	182,100	168,200	184,300	147,300	112,400	115,500	110,800	102,600	102,600	119,800	128,700	57,700	95,900	58,000	106,500	116,400	62,200	84,700	81,600	127,700	80,900	96,900	115,500	85,800	86,800	130,300	95,600	-	-	-	-
Common Stock	473,136	471,827	471,475	471,124	475,086	474,697	473,520	472,435	471,008	470,676	470,330	469,885	466,041	467,236	467,386	466,472	466,231	463,424	460,140	465,281	449,746	449,180	444,871	441,350	433,267	427,188	426,012	424,203	406,139	393,134	391,213	381,426	381,436	381,227	380,050	377,669	380,843	382,906	384,893	386,201	381,657	373,799	374,209	376,680	375,113	371,211	372,631	375,750	377,775	374,398	375,277	379,142	378,885	376,123	372,989	369,497	368,732	368,032	367,840	356,326	354,674	354,537	351,157	339,468	337,201	337,627	338,290	341,724	344,263	346,603	346,224	342,972	313,959	314,174	316,680	317,292	229,975	222,344	221,896	217,477	220,285	220,527	219,060	215,291	217,198	222,493	226,551	211,608	209,074	211,748	211,966	213,358	206,952	206,912	183,301	183,039	186,400	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	-	-	-	-	-
Common Stock Shares Outstanding	26,664	26,650	26,648	26,866	26,924	26,916	26,901	26,885	26,875	26,875	26,887	26,842	26,849	26,946	26,951	27,139	27,094	27,027	26,987	26,912	26,815	26,815	26,728	26,665	26,538	26,404	26,402	26,329	25,925	25,687	25,630	25,468	25,555	25,565	25,536	25,655	25,858	26,016	26,238	26,537	26,754	26,705	26,898	27,157	27,334	27,565	27,790	28,111	28,111	28,498	28,923	29,225	29,225	29,385	29,568	29,596	29,596	29,429	29,403	29,105	29,026	29,273	29,392	29,210	29,210	29,915	30,365	30,824	30,824	31,558	31,932	32,276	32,276	32,972	33,364	32,680	32,680	32,352	32,343	32,662	32,662	33,273	33,492	33,565	33,565	34,118	34,180	34,634	34,634	35,524	35,957	36,605	36,605	36,906	36,714	37,058	37,058	38,600	39,375	40,000	40,000	41,818	43,095	43,095	43,095	44,250	40,000	28,401	28,401	33,929	29,157	29,334	29,334	30,000	28,148	27,692	27,692	24,231	24,000	24,000	24,000	24,286	24,118	17,619	17,619	17,619	17,500	17,778	17,778	15,789	15,500	16,316	16,316	15,263	15,294	16,000	16,000	15,385	16,000	15,390	15,366	15,192	15,051
Common Stock Total Equity	0	0	471,475	471,124	475,086	474,697	473,520	472,435	471,008	470,676	470,330	469,850	466,006	467,201	467,351	465,701	465,460	462,653	459,369	455,304	448,351	447,785	443,338	439,817	431,734	425,655	424,479	422,670	404,606	391,601	389,680	379,893	378,858	378,649	377,339	374,958	378,132	380,195	382,182	383,490	378,946	371,088	371,498	373,579	372,012	371,211	372,631	375,750	377,775	374,398	375,277	379,142	378,885	376,123	372,989	369,497	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	342,972	313,959	314,174	316,680	317,292	229,975	222,344	221,896	217,477	220,285	220,527	219,060	215,291	217,198	222,493	226,551	211,608	209,074	211,748	211,966	213,358	206,952	206,912	183,301	183,039	186,400	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	-	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,346,651	3,912,645	3,837,691	3,785,126	3,654,428	3,636,544	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,673	121,699	121,699	121,699	121,699	121,699	121,699	121,702	121,719	121,719	121,719	121,719	121,719	121,719	121,719	121,719	121,719	121,719	121,907	124,122	124,122	127,503	18,996	18,996	18,996	18,996	18,996	18,996	17,996	17,996	18,996	17,996	17,996	16,329	16,329	16,625	0	0	16,300	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	-	-	-	-	-
Intangible Assets	347	122,077	122,136	122,196	122,256	122,317	122,380	122,444	122,508	122,573	122,640	1,035	1,104	1,173	1,245	1,318	1,391	1,464	1,540	1,619	1,929	2,376	2,827	3,280	3,850	4,605	5,365	6,127	6,927	7,789	8,656	9,526	10,431	11,379	12,331	13,286	14,287	15,338	16,394	17,452	18,557	19,714	20,877	22,042	23,261	24,553	25,888	27,227	28,629	30,099	31,576	33,056	34,604	36,226	32,529	34,070	35,667	38,264	39,934	41,630	15,208	137,698	138,503	139,290	140,148	141,041	141,934	142,827	143,801	144,817	145,833	146,849	26,170	151,355	152,419	156,892	21,890	22,026	22,162	22,298	22,434	22,598	21,796	21,927	23,176	22,477	22,778	18,812	19,012	19,570	0	0	20,400	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	-	-	-	-	-
Inventory	-244,882	-4,382,380	-4,366,425	-4,466,391	-347,794	-4,839,502	-5,400,668	0	0	0	0	0	0	43	43	43	43	43	43	43	350	620	939	1,376	1,426	1,426	1,645	2,136	3,095	3,032	4,162	8,438	9,264	9,269	9,260	9,233	6,374	7,273	8,543	12,186	13,320	14,970	19,437	23,384	26,352	27,279	-213,525	35,977	45,635	47,831	40,985	35,527	35,411	47,452	41,698	36,571	35,939	23,059	18,406	18,147	3,505	814	920	954	613	613	613	647	647	656	656	0	0	0	40	0	0	0	0	80	90	0	0	88	381	470	473	834	523	547	545	1,866	2,065	2,017	2,062	2,908	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Liabilities And Stockholders Equity	6,370,761	6,567,288	6,582,740	6,700,471	6,950,317	7,177,025	7,216,562	7,306,417	7,486,992	7,403,573	7,147,779	6,912,481	6,747,931	6,563,215	6,463,889	5,628,126	5,619,555	5,616,055	5,523,448	5,555,961	5,568,526	5,529,463	5,577,844	5,551,036	5,513,046	5,445,808	5,393,350	5,395,947	5,366,083	5,306,778	5,179,085	5,199,868	5,168,875	5,001,395	5,031,230	5,035,777	5,035,724	4,993,725	4,931,095	4,921,042	4,847,055	4,806,487	4,813,908	4,887,844	4,952,193	4,859,627	4,953,130	5,060,257	5,042,161	4,966,499	4,876,731	4,937,429	4,931,524	4,977,871	4,727,086	4,745,495	4,975,501	4,971,159	5,193,595	5,428,865	4,032,934	4,089,482	4,188,868	4,342,302	4,558,959	4,657,016	4,647,069	4,748,829	4,769,335	4,845,360	4,906,886	5,055,553	5,149,209	5,153,091	5,191,093	5,192,111	4,737,268	4,636,071	4,611,811	4,424,816	4,576,385	4,482,793	4,564,692	4,386,455	4,224,867	4,209,564	4,072,502	3,962,294	3,927,967	3,910,348	3,903,635	3,877,606	4,031,381	3,980,531	3,878,515	3,829,155	3,893,200	3,891,900	3,870,300	3,827,100	3,844,300	3,862,500	3,864,000	3,802,700	3,848,400	3,816,900	3,750,100	2,617,000	2,548,500	2,529,200	2,504,900	2,486,700	2,490,900	2,428,700	2,362,500	2,214,800	2,030,200	2,052,100	2,030,300	2,004,400	2,004,400	2,012,700	1,912,500	1,413,400	1,384,100	1,363,900	1,359,300	1,365,500	1,308,200	1,364,200	1,303,400	1,342,600	1,325,300	1,355,100	1,387,700	1,364,100	1,350,200	1,323,400	1,287,200	-	-	-	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	1,681	0	0	0	0	0	0	0	17,891	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,015	20,156	30,296	30,437	30,577	15,000	15,000	15,000	15,000	15,000	15,000	50,967	15,000	15,000	25,853	26,108	26,363	26,396	26,430	36,770	111,967	112,435	112,902	113,370	26,631	26,665	36,699	36,736	36,773	36,809	36,846	36,883	36,920	36,956	36,993	37,030	40,281	40,318	40,354	40,391	21,429	21,429	21,429	41,429	129,643	114,643	191,393	191,393	194,607	194,607	164,607	139,607	27,821	27,821	27,822	27,821	31,036	31,036	38,036	38,036	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	1,681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,000	15,000	15,000	15,000	15,000	15,000	0	15,000	15,000	25,853	26,108	26,363	26,396	26,430	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Investments	4,907,022	4,795,089	3,431,852	5,126,832	5,247,656	5,312,598	3,448,135	4,897,108	4,945,251	4,958,812	4,718,575	3,990,570	4,063,185	3,983,994	3,708,370	3,210,689	3,816,918	3,776,983	3,643,888	3,625,430	3,639,279	3,504,607	3,439,650	3,466,257	1,158,864	1,204,240	1,261,321	1,298,414	1,346,312	1,411,019	1,473,357	1,358,139	1,316,075	1,278,814	1,159,581	1,015,231	1,038,658	2,735,654	2,821,345	2,894,539	2,928,350	2,986,475	3,043,030	3,168,938	3,237,164	3,337,219	3,492,342	3,429,054	3,414,012	3,357,852	3,387,657	3,392,237	3,467,176	3,589,560	3,501,431	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Debt	-113,338	-219,291	-111,394	-96,667	-220,698	-320,203	-610,796	-895,695	-967,859	-872,661	-829,192	-769,297	-518,730	-290,991	-414,650	-251,964	-342,493	-369,993	-364,005	-363,471	-369,037	-460,904	-560,252	-490,251	-516,531	-495,420	-453,593	-473,204	-403,193	-415,009	-373,933	-418,713	-380,016	-211,524	-206,859	-164,490	-271,037	-427,239	-395,646	-344,021	-388,783	-300,127	-276,949	-252,862	-396,896	-286,479	-213,432	-408,452	-388,333	-312,759	-167,041	-192,650	-169,710	-84,425	-73,856	-31,509	-48,487	127,876	147,175	379,137	318,392	372,300	416,736	532,379	625,608	632,279	682,042	605,251	584,455	614,186	594,840	633,722	606,181	611,241	673,885	582,580	630,699	434,437	548,460	366,484	530,661	358,722	383,120	421,331	321,766	184,930	209,653	151,370	160,550	88,278	136,063	114,588	131,496	132,972	181,440	184,257	248,100	251,200	225,800	118,700	21,500	151,300	85,700	40,500	66,500	-189,000	-173,500	-113,600	-106,900	-111,100	-125,200	-111,900	-162,100	-148,200	-164,300	-121,800	-86,900	-88,000	-82,300	-66,200	-66,200	-104,200	-112,000	-43,600	-81,800	-58,000	-90,600	-116,400	-46,300	-67,800	-63,500	-109,500	-62,700	-78,500	-96,800	-67,100	-68,000	-111,500	-76,500	-	-	-	-
Net Invested Capital	0	763,764	789,867	726,013	659,902	615,874	735,293	826,186	973,348	957,055	932,239	909,292	947,354	933,549	894,246	758,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	54,568	55,597	53,780	53,676	53,558	49,506	40,261	34,643	35,521	33,304	34,793	31,061	33,022	30,779	32,322	28,998	28,797	25,511	26,507	23,947	25,834	23,734	24,932	22,538	23,557	20,776	21,904	19,745	21,489	19,699	20,003	18,795	20,174	18,637	19,340	18,582	19,394	17,388	18,820	23,892	22,957	22,280	28,944	32,635	34,121	0	213,525	227,659	63,375	229,552	234,628	229,130	225,713	232,617	231,857	240,822	256,032	239,041	269,504	314,501	150,212	0	138,180	143,685	151,142	157,205	155,607	157,367	152,669	149,817	150,250	152,644	150,478	139,207	139,613	131,592	136,738	139,732	139,786	147,559	131,677	131,780	133,789	191,621	136,636	137,980	129,053	150,856	117,397	122,358	144,009	125,326	121,212	119,494	105,299	103,999	101,200	107,300	133,100	114,500	102,800	100,800	105,400	103,000	96,100	96,300	93,300	57,700	93,300	53,400	53,200	51,800	60,600	55,900	59,100	54,100	51,400	46,700	51,000	41,700	41,700	75,000	32,100	52,800	27,900	32,500	26,100	25,900	22,100	37,600	38,000	26,000	25,200	33,300	34,900	32,400	32,300	36,400	32,500	-	-	-	-
Net Tangible Assets	0	0	529,726	520,729	479,854	416,671	494,746	579,300	704,594	715,380	719,556	689,424	722,032	702,730	685,158	582,555	608,353	590,241	570,224	533,475	491,989	468,542	461,638	457,130	464,716	477,679	468,556	457,088	432,767	433,534	427,998	407,774	400,101	400,886	391,334	392,421	390,643	396,384	400,736	401,758	402,704	400,453	402,072	415,265	415,168	412,615	410,365	410,628	408,339	402,216	396,091	396,186	389,010	383,274	373,479	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Working Capital	-2,419,991	-2,359,762	-2,537,452	-2,623,113	-2,756,995	-2,680,655	-2,317,946	-2,053,529	-2,050,774	-2,062,059	-1,988,556	2,163,845	1,873,697	1,698,979	1,838,639	1,487,019	1,575,981	1,608,187	1,636,548	1,685,825	1,707,767	1,790,849	1,898,299	1,847,239	1,931,103	1,911,569	1,905,652	1,954,446	1,891,977	1,897,083	1,924,689	2,019,312	2,043,299	1,905,377	1,965,179	1,969,348	2,113,775	2,298,945	2,322,056	2,312,254	2,376,589	2,357,968	2,407,353	2,488,727	2,697,249	2,722,192	2,770,757	3,088,616	3,178,066	3,218,166	3,207,210	3,244,927	3,379,372	3,402,150	3,206,107	3,234,975	3,441,716	3,377,694	3,451,261	3,442,301	2,173,622	2,013,786	2,139,448	2,045,418	2,013,723	2,021,113	1,979,614	1,983,993	2,082,752	2,070,742	2,117,987	2,140,152	2,192,600	2,184,517	2,133,826	2,237,596	-609,270	-273,276	-387,245	-177,496	-401,018	-217,299	-227,938	-208,317	-297,159	-3,502,854	-3,414,858	-3,305,681	-3,289,221	-3,241,467	-3,220,983	-3,204,870	-3,254,906	-3,265,830	-3,192,630	-3,187,975	-3,194,200	-3,209,500	-3,159,200	-3,113,200	-3,095,700	-3,129,700	-3,044,400	-3,019,800	-3,041,900	-3,017,500	-2,981,300	-3,181,200	-3,224,700	-3,219,100	-3,121,300	-2,007,600	-2,004,300	-1,966,300	-1,967,700	-1,980,100	-2,063,500	-2,080,000	-1,947,900	0	0	0	0	96,400	0	0	116,700	0	68,400	105,400	101,500	135,500	87,900	112,600	132,500	100,300	101,200	148,800	-	-	-	-	-
Non Current Assets Total	6,120,679	6,086,694	6,258,087	6,447,062	6,597,629	6,709,378	6,424,703	6,229,892	6,314,629	6,355,695	6,169,310	4,653,157	4,771,689	4,756,263	4,539,080	4,088,443	4,012,646	3,962,222	3,832,319	3,811,819	3,809,512	3,676,858	3,610,651	3,638,441	3,523,472	3,467,902	3,411,929	3,367,890	3,415,028	3,353,337	3,186,544	3,128,105	3,072,548	3,038,955	2,983,304	2,983,469	2,832,165	2,617,837	2,540,077	2,544,406	2,407,798	2,400,698	2,339,915	2,337,263	2,186,257	2,081,805	2,100,791	1,864,958	1,748,406	1,627,416	1,562,794	1,523,959	1,444,767	1,382,519	1,310,476	1,298,764	1,306,607	1,371,435	1,425,868	1,545,146	1,402,037	1,587,723	1,535,289	1,661,620	1,746,637	1,820,802	1,858,194	1,917,072	1,954,606	2,005,777	2,042,382	2,130,762	2,181,436	2,204,431	2,228,987	2,243,985	35,223	2,083,459	2,021,197	1,841,481	35,748	1,851,506	1,876,613	1,606,458	37,396	1,440,990	1,305,583	1,227,492	1,197,960	1,163,384	1,156,748	1,157,666	1,191,492	1,213,418	1,216,161	1,256,496	1,263,500	1,299,100	1,293,200	1,277,200	1,260,700	1,313,100	1,268,500	1,278,100	1,282,600	1,262,400	1,207,200	972,900	935,300	940,000	919,900	928,900	889,100	862,200	821,800	802,300	782,900	812,400	812,100	752,200	0	701,400	619,000	534,300	489,100	122,000	457,300	177,700	445,500	432,800	362,000	369,400	371,000	331,100	324,800	324,200	291,100	250,900	246,500	-	-	-	-
Non Current Liabilities Other	0	0	86,946	75,143	65,125	65,895	71,521	74,357	73,722	157,557	139,151	79,356	112,598	90,476	101,231	70,490	44,589	60,408	45,168	48,293	34,849	39,279	35,690	35,730	36,723	40,934	39,417	39,475	40,897	42,554	67,592	91,694	42,983	43,474	68,301	45,361	50,131	41,593	89,645	80,557	57,095	67,888	60,565	64,317	65,113	73,744	64,212	119,075	76,887	58,133	60,075	64,184	57,830	77,468	71,912	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Non Current Liabilities Total	2,927,794	3,078,509	3,068,773	3,181,024	3,238,524	3,489,735	3,483,788	3,474,619	3,436,753	3,455,683	3,338,558	28,494	44,610	40,917	33,578	17,246	17,136	19,721	20,506	17,891	34,849	39,279	35,690	35,730	36,723	40,934	39,417	39,475	40,897	42,554	67,592	91,694	42,983	43,474	68,301	45,361	20,015	20,156	20,296	20,437	20,577	40,631	40,687	40,743	25,799	25,855	25,911	25,967	26,023	26,078	46,351	51,490	61,698	66,934	10,223	10,306	85,470	85,904	86,338	86,772	3,596,451	26,665	36,699	36,736	36,773	36,809	36,846	36,883	36,920	36,956	36,993	37,030	40,281	40,318	40,354	40,391	21,429	21,429	21,429	41,429	129,643	9,643	21,393	21,393	24,607	58,600	24,600	24,600	27,800	27,800	27,800	27,800	31,000	31,000	38,000	38,000	41,500	46,500	46,500	47,600	47,500	52,500	52,500	52,500	52,500	57,500	57,500	58,200	58,900	63,900	63,400	42,500	20,000	20,000	20,000	25,500	25,500	27,500	28,500	36,400	36,400	15,600	16,700	0	14,100	0	0	0	0	0	0	0	0	800	800	800	900	900	1,000	-	-	-	-
Non Currrent Assets Other	5,804,259	5,737,742	5,922,988	6,119,420	6,259,346	6,350,763	6,106,087	5,950,722	80,542	76,134	76,738	38,404	37,325	38,191	35,450	37,539	38,067	28,022	29,407	27,392	10,377	11,077	8,977	9,677	10,277	11,400	11,850	12,342	12,792	13,389	14,064	14,752	15,460	16,135	16,896	17,646	18,914	17,088	17,209	17,989	18,574	19,828	19,595	20,495	21,007	1,671,396	1,822,697	2,014,459	2,124,957	2,195,689	2,288,740	-1,369,230	-1,416,432	-1,224,620	-1,156,274	-1,142,995	-1,149,241	-1,211,472	39,934	-1,381,817	-1,265,130	-1,267,492	-1,369,326	-1,494,299	-1,606,489	-1,651,095	-1,687,091	-1,744,602	-1,810,805	-1,829,325	-1,864,764	-1,951,378	-2,033,359	-2,019,436	-2,041,704	-2,051,507	-2,192,542	-2,083,459	-2,021,197	-1,841,481	-1,949,822	-1,851,506	-1,876,613	-1,606,458	-1,386,833	-1,440,990	-1,305,583	-1,227,492	-1,197,960	-1,163,384	-1,156,748	-1,157,666	-1,191,492	-1,213,418	-1,216,161	-1,256,496	-1,263,500	-1,299,100	-1,293,200	-1,277,200	-1,260,700	-1,313,100	-1,268,500	-1,278,100	-1,282,600	-1,262,400	-1,207,200	-972,900	-935,300	-940,000	-919,900	-928,900	-889,100	-862,200	-821,800	-802,300	-782,900	-812,400	-812,100	-752,200	0	-701,400	-619,000	-534,300	-489,100	-122,000	-457,300	-177,700	-445,500	-432,800	-362,000	-369,400	-371,000	-331,100	-324,800	-324,200	-291,100	-250,900	-246,500	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Assets	0	0	203,161	-2,989,603	2,173,263	-3,179,734	0	-3,488,913	-3,408,828	12,564,001	12,058,932	11,565,638	11,519,620	11,319,478	11,002,969	9,716,569	9,632,201	9,578,277	9,355,767	9,367,780	9,378,038	9,206,321	9,188,495	9,189,477	9,036,518	8,913,710	8,805,279	8,763,837	8,781,111	8,660,115	8,365,629	8,327,973	8,241,423	8,040,350	8,014,534	8,019,246	7,867,889	7,611,562	7,471,172	7,465,448	7,254,853	7,207,185	7,153,823	7,225,107	7,138,450	6,941,432	7,053,921	6,925,215	6,790,567	6,593,915	6,439,525	6,461,388	6,376,291	6,360,390	6,037,562	6,044,259	6,282,108	6,342,594	6,619,463	6,974,011	5,434,971	5,677,205	5,724,157	6,003,922	6,305,596	6,477,818	6,505,263	6,665,901	6,723,941	6,851,137	6,949,268	7,186,315	7,330,645	7,357,522	7,420,080	7,436,096	4,575,892	2,247,603	2,265,306	2,269,127	4,351,009	2,310,238	2,352,730	2,402,095	3,964,894	2,454,928	2,454,277	2,410,383	2,433,428	2,429,031	2,410,470	2,405,910	2,432,195	2,414,743	2,308,584	2,262,434	2,272,800	2,273,400	2,252,200	2,240,800	2,251,100	2,245,200	2,246,000	2,209,000	2,218,900	2,211,700	2,218,600	1,430,300	1,409,300	1,382,200	1,364,100	1,351,600	1,359,100	1,342,400	1,297,300	1,211,100	1,083,500	1,077,500	1,056,400	1,107,900	2,004,400	1,116,500	1,132,700	768,600	771,200	1,151,400	769,400	1,045,500	778,400	809,100	821,800	819,500	848,200	893,800	912,500	921,700	940,000	905,800	912,600	-	-	-	-
Other Current Assets	250,082	480,594	324,653	253,409	352,688	467,647	797,702	34,643	-3,408,828	-3,403,913	-3,042,258	-2,628,764	-2,741,240	-2,606,785	-2,316,703	-2,004,632	-1,874,155	-1,771,084	-1,529,863	-1,403,833	-1,341,774	-1,172,697	-1,050,079	-1,017,520	-802,492	-695,104	-546,001	-431,812	-423,463	-300,033	-282	-4,166	72,893	103,506	104,102	8,956	202,548	442,800	609,052	683,616	864,891	934,502	1,055,885	1,190,311	1,414,797	2,409,858	2,531,414	2,426,538	2,763,710	2,649,777	2,759,190	2,836,183	2,922,251	3,018,566	2,890,513	2,952,680	3,051,727	3,180,625	3,329,446	3,420,165	2,341,802	2,359,421	2,381,305	2,397,376	2,451,416	2,459,378	2,469,203	2,465,977	2,477,618	2,498,155	2,525,584	2,584,200	2,616,372	2,616,233	2,627,744	2,648,193	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Liab	2,605,844	2,723,403	2,721,046	2,788,992	3,046,048	3,069,907	2,987,725	3,001,250	3,070,061	2,989,310	2,873,914	4,364,350	4,476,229	4,453,816	5,468,412	4,799,426	4,812,621	4,796,623	4,730,262	4,792,584	4,866,839	4,835,837	4,887,122	4,867,867	4,827,613	4,734,580	4,682,570	4,697,973	4,704,741	4,644,870	4,485,314	4,516,750	4,540,659	4,366,920	4,354,844	4,380,076	4,349,191	4,321,638	4,213,389	4,214,783	4,163,781	4,108,307	4,101,394	4,161,950	15,000	4,130,557	4,208,499	4,249,004	4,249,921	4,192,383	4,088,385	4,140,373	4,132,961	4,072,698	3,890,560	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,480,511	3,498,865	3,444,774	3,273,889	3,303,368	3,256,751	3,243,429	3,275,658	3,283,388	3,154,525	3,145,753	3,088,800	3,112,100	3,113,000	3,156,600	3,224,500	3,131,700	3,116,600	3,134,800	3,124,000	3,360,300	3,305,600	3,395,000	3,428,600	3,426,100	3,342,200	2,213,800	2,247,000	2,190,400	2,211,100	2,181,500	2,227,300	2,242,200	2,109,700	0	0	0	0	-14,100	0	0	-15,900	0	-15,900	-16,900	-18,100	-18,200	-18,200	-17,600	-17,900	-17,900	-17,900	-17,900	-18,100	-	-	-	-
Other Liab	0	0	70,158	75,143	49,379	65,895	71,521	74,357	73,722	157,557	139,151	79,356	112,598	71,378	85,474	53,244	27,453	40,687	24,662	30,402	34,849	39,279	35,690	35,730	36,723	40,934	39,417	39,475	40,897	42,554	67,592	91,694	42,983	43,474	68,301	45,361	50,131	41,593	79,645	70,557	47,095	57,888	50,565	54,317	55,113	63,744	54,212	94,075	66,887	58,133	60,075	64,184	57,830	77,468	61,689	82,809	70,700	76,350	47,859	81,128	44,122	45,928	64,101	76,555	64,194	61,241	57,948	70,983	59,469	61,456	54,598	65,326	60,940	42,671	50,002	64,772	38,188	38,627	42,605	105,907	51,734	47,751	169,070	111,809	44,960	57,626	43,447	78,600	39,241	45,438	59,124	46,919	38,912	30,463	20,620	26,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Stockholder Equity	0	-757,501	-723,483	-702,662	-731,156	-765,459	-661,510	-560,700	49,699	71,319	86,956	35	35	35	35	771	771	771	771	771	1,395	1,395	1,533	1,533	1,533	1,533	1,533	1,533	1,533	1,533	1,533	1,533	2,578	2,578	2,711	2,711	2,711	2,711	2,711	2,711	2,711	2,711	2,711	3,101	3,101	374,312	375,732	378,590	380,835	377,458	378,337	381,866	381,609	378,847	375,713	2,485	368,732	368,032	367,840	356,326	354,674	352,128	348,748	336,545	334,211	334,637	335,300	338,990	341,529	343,869	343,490	0	318,264	0	0	0	11,784	0	0	0	13,191	0	0	0	19,152	19,797	14,184	8,062	11,900	16,537	10,260	12,940	7,169	-1,546	-6,996	-6,585	-4,500	189,700	194,100	196,900	195,100	191,100	200,200	200,400	198,600	197,000	195,900	96,400	93,500	93,400	95,700	95,900	94,700	95,000	89,100	76,900	63,800	63,900	63,900	63,300	65,800	63,300	62,500	35,300	34,800	34,700	34,600	34,000	29,000	28,700	28,800	28,800	28,000	28,000	28,000	28,000	28,000	27,100	27,000	-	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	41,335	82,611	82,550	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Property Plant And Equipment Gross	107,660	46,083	44,696	43,778	104,650	46,332	0	0	0	0	52,774	52,825	51,645	52,535	49,818	52,649	51,733	53,801	54,520	51,825	34,507	35,391	35,774	35,790	35,301	35,507	35,564	36,025	36,566	37,059	37,759	38,045	38,693	39,244	37,945	38,313	37,852	37,335	37,424	36,675	37,314	37,972	38,267	38,519	38,639	38,386	37,867	37,827	36,548	36,098	35,015	35,704	36,278	36,271	36,816	37,423	38,098	38,982	26,490	26,729	27,351	15,996	27,460	28,031	28,380	28,666	29,169	29,643	30,188	31,635	31,785	32,535	33,221	33,640	34,864	35,586	35,223	35,267	35,343	35,412	35,748	35,566	36,408	36,543	37,396	38,054	39,551	38,893	39,821	41,832	42,989	42,567	42,182	42,416	42,429	43,320	44,000	44,400	44,600	45,300	46,000	51,100	47,000	47,300	48,400	53,300	68,900	40,800	41,000	40,300	37,200	33,500	26,600	26,200	31,000	30,600	23,300	23,800	24,300	26,100	26,100	26,400	24,700	15,800	15,900	16,500	16,700	17,000	16,700	17,000	17,000	16,300	16,500	17,600	18,200	18,100	18,500	19,100	19,700	-	-	-	-
Property Plant And Equipment Net	45,830	46,083	44,696	43,778	44,565	46,332	47,865	48,082	49,135	50,888	52,774	32,216	32,813	33,437	34,061	35,403	34,597	34,080	34,014	33,934	34,507	35,391	35,774	35,790	35,301	35,507	35,564	36,025	36,566	37,059	37,759	38,045	38,693	39,244	37,945	38,313	37,852	37,335	37,424	36,675	37,314	37,972	38,267	38,519	38,639	38,386	37,867	37,827	36,548	36,098	35,015	35,704	36,278	36,271	36,816	37,423	38,098	38,982	26,490	26,729	27,351	15,996	27,460	28,031	28,380	28,666	29,169	29,643	30,188	31,635	31,785	32,535	33,221	33,640	34,864	35,586	35,223	35,267	35,343	35,412	35,748	35,566	36,408	36,543	37,396	38,054	39,551	38,893	39,821	41,832	42,989	42,567	42,182	42,416	42,429	43,320	44,000	44,400	44,600	45,300	46,000	51,100	47,000	47,300	48,400	53,300	68,900	40,800	41,000	40,300	37,200	33,500	26,600	26,200	31,000	30,600	23,300	23,800	24,300	26,100	26,100	26,400	24,700	15,800	15,900	16,500	16,700	17,000	16,700	17,000	17,000	16,300	16,500	17,600	18,200	18,100	18,500	19,100	19,700	-	-	-	-
Property Plant Equipment	0	0	27,908	28,331	28,819	29,756	30,309	30,626	31,155	31,603	32,080	32,216	32,813	33,437	34,061	35,403	34,597	34,080	34,014	33,934	34,507	35,391	35,774	35,790	35,301	35,507	35,564	36,025	36,566	37,059	37,759	38,045	38,693	39,244	37,945	38,313	37,852	37,335	37,424	36,675	37,314	37,972	38,267	38,519	38,639	38,386	37,867	37,827	36,548	36,098	35,015	35,704	36,278	36,271	36,816	37,423	38,098	38,982	26,490	26,729	27,351	26,789	27,460	28,031	28,380	28,666	29,169	29,643	30,188	30,979	31,785	32,535	33,221	33,640	34,864	35,586	35,223	35,267	35,343	35,412	35,748	35,566	36,408	36,543	37,396	38,054	39,078	38,893	39,821	41,832	42,444	42,567	42,182	42,416	42,429	43,320	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Retained Earnings	490,005	462,270	432,395	403,339	383,094	355,053	331,596	317,574	306,395	295,958	284,910	273,346	264,356	254,717	246,958	238,903	239,135	229,500	220,173	202,735	205,841	197,477	191,167	184,185	173,804	180,202	175,446	170,128	165,302	160,861	155,229	150,928	150,094	145,513	141,300	140,111	140,468	140,756	141,356	145,826	156,964	163,921	165,889	166,928	170,364	170,075	169,164	168,758	166,437	165,735	162,752	166,523	163,519	155,088	145,654	142,353	133,002	120,298	107,033	95,518	54,138	44,040	58,214	63,595	61,922	66,436	70,469	74,493	78,122	78,568	80,278	85,261	108,450	112,665	112,329	114,626	118,996	119,248	107,169	98,086	106,895	114,391	112,250	100,945	105,149	93,150	79,638	87,967	93,385	94,856	96,245	104,620	123,626	125,938	117,808	116,504	118,700	125,000	138,800	144,200	153,300	161,100	198,000	194,800	190,700	187,500	180,100	142,000	137,600	130,800	135,100	131,000	127,500	123,000	117,000	116,100	104,200	100,000	95,300	86,600	86,600	82,400	78,500	76,700	73,900	71,000	68,100	65,400	60,200	58,500	56,100	53,600	51,200	48,800	46,500	44,400	42,600	41,000	39,500	-	-	-	-
Retained Earnings Total Equity	0	0	432,395	403,339	383,094	355,053	331,596	317,574	306,395	295,958	284,910	273,346	264,356	254,717	246,958	238,903	239,135	229,500	220,173	211,941	205,841	197,477	191,167	184,185	173,804	180,202	175,446	170,128	165,302	160,861	155,229	150,928	150,094	145,513	141,300	140,111	140,468	140,756	141,356	145,826	156,964	163,921	165,889	166,928	170,364	170,075	169,164	168,758	166,437	165,735	162,752	166,523	163,519	155,088	145,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Short Long Term Debt	0	115,341	138,005	83,088	57,792	76,886	118,167	124,442	146,246	119,102	90,043	95,479	102,545	107,973	86,170	52,664	30,928	0	0	0	0	61,756	68,894	65,356	58,471	66,337	75,769	73,611	59,078	56,358	67,852	52,451	53,028	0	0	0	20,015	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	76,976	201,259	154,793	98,535	73,538	93,462	142,497	141,898	164,226	138,387	110,737	97,160	102,545	107,973	86,170	52,664	30,928	45,646	54,581	58,317	51,247	61,756	68,894	65,356	58,471	66,337	75,769	73,611	59,078	56,358	67,852	52,451	53,028	57,063	82,747	82,960	109,799	97,099	89,258	84,819	83,245	88,452	107,327	102,597	94,486	81,485	107,493	132,650	141,712	146,995	153,078	155,849	169,083	260,136	220,726	222,062	312,648	307,934	316,466	528,190	457,275	514,638	550,830	672,000	835,372	851,910	846,107	813,664	768,897	805,797	783,510	821,669	815,454	804,461	868,634	750,921	756,852	599,714	733,982	533,133	720,289	547,991	584,680	607,612	544,343	360,596	393,242	324,933	339,732	283,853	328,471	303,292	417,978	365,848	429,911	390,483	503,800	463,300	417,600	313,300	251,200	354,700	329,800	253,100	317,300	57,500	57,500	42,500	42,500	42,500	42,500	42,500	20,000	20,000	20,000	25,500	25,500	27,500	28,500	36,400	36,400	15,600	16,700	14,100	14,100	0	15,900	0	15,900	16,900	18,100	18,200	18,200	18,400	18,700	18,700	18,800	18,800	19,100	-	-	-	-
Short Term Debt	64,229	116,953	141,059	87,530	63,635	78,395	127,923	128,804	153,076	120,627	93,111	95,479	102,545	107,973	86,170	52,664	30,928	45,646	54,581	58,317	51,247	61,756	68,894	65,356	58,471	66,337	75,769	73,611	59,078	56,358	67,852	52,451	53,028	57,063	82,747	82,960	89,784	76,943	68,962	64,382	62,668	47,821	66,640	61,854	53,687	55,630	81,582	106,683	115,689	120,917	106,727	104,359	107,385	193,202	210,503	211,756	227,178	222,030	316,466	441,418	457,275	487,973	514,131	635,264	798,599	815,101	809,261	776,781	731,977	768,841	746,517	784,639	775,173	764,143	828,280	710,530	735,423	578,285	712,553	491,704	590,646	538,348	563,287	586,219	519,736	335,989	228,635	185,326	311,911	256,032	300,649	275,471	386,942	334,812	391,875	352,447	462,300	416,800	371,100	265,700	203,700	302,200	277,300	200,600	264,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14,100	0	0	15,900	0	15,900	16,900	18,100	18,200	18,200	17,600	17,900	17,900	17,900	17,900	18,100	-	-	-	-
Short Term Investments	3,999,801	2,403,155	4,046,458	4,217,513	4,331,743	4,376,331	4,607,114	4,616,588	4,638,855	4,602,706	4,304,162	3,990,570	4,063,185	3,983,994	3,708,370	3,210,689	3,078,846	2,983,767	2,775,899	2,702,240	2,654,670	2,478,908	2,363,194	2,351,970	2,191,707	2,090,477	1,976,156	1,893,309	1,890,758	1,762,408	1,531,035	1,585,970	1,570,216	1,571,710	1,634,878	1,777,320	1,600,781	1,391,362	1,278,242	1,240,288	1,079,381	1,060,428	1,004,888	972,176	825,636	738,462	708,717	639,738	638,753	683,640	705,078	741,603	671,484	569,511	466,500	414,987	442	391,644	407,127	436,343	288,454	0	0	0	333	0	0	0	567	0	0	0	662,388	0	0	0	534	0	0	0	534	0	0	0	633	0	0	0	534	0	0	0	250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Assets	6,370,761	6,567,288	6,582,740	6,700,471	6,950,317	7,177,025	7,222,405	7,306,417	7,486,992	7,403,573	7,147,779	6,912,481	6,747,931	6,563,215	6,463,889	5,628,126	5,619,555	5,616,055	5,523,448	5,555,961	5,568,526	5,529,463	5,577,844	5,551,036	5,513,046	5,445,808	5,393,350	5,395,947	5,366,083	5,306,778	5,179,085	5,199,868	5,168,875	5,001,395	5,031,230	5,035,777	5,035,724	4,993,725	4,931,095	4,921,042	4,847,055	4,806,487	4,813,908	4,887,844	4,952,193	4,859,627	4,953,130	5,060,257	5,042,161	4,966,499	4,876,731	4,937,429	4,931,524	4,977,871	4,727,086	4,745,495	4,975,501	4,971,159	5,193,595	5,428,865	4,032,934	4,089,482	4,188,868	4,342,302	4,558,959	4,657,016	4,647,069	4,748,829	4,769,335	4,845,360	4,906,886	5,055,553	5,149,209	5,153,091	5,191,093	5,192,111	4,737,268	4,636,071	4,611,811	4,424,816	4,576,385	4,482,793	4,564,692	4,386,455	4,224,867	4,209,564	4,072,502	3,962,294	3,927,967	3,910,348	3,903,635	3,877,606	4,031,381	3,980,531	3,878,515	3,829,155	3,893,200	3,891,900	3,870,300	3,827,100	3,844,300	3,862,500	3,864,000	3,802,700	3,848,400	3,816,900	3,750,100	2,617,000	2,548,500	2,529,200	2,504,900	2,486,700	2,490,900	2,428,700	2,362,500	2,214,800	2,030,200	2,052,100	2,030,300	2,004,400	2,004,400	2,012,700	1,912,500	1,413,400	1,384,100	1,363,900	1,359,300	1,365,500	1,308,200	1,364,200	1,303,400	1,342,600	1,325,300	1,355,100	1,387,700	1,364,100	1,350,200	1,323,400	1,287,200	-	-	-	-
Total Current Assets	250,082	480,594	324,653	253,409	352,688	467,647	797,702	1,076,525	1,172,363	1,047,878	978,469	2,259,324	1,976,242	1,806,952	1,924,809	1,539,683	1,606,909	1,653,833	1,691,129	1,744,142	1,759,014	1,852,605	1,967,193	1,912,595	1,989,574	1,977,906	1,981,421	2,028,057	1,951,055	1,953,441	1,992,541	2,071,763	2,096,327	1,962,440	2,047,926	2,052,308	2,203,559	2,375,888	2,391,018	2,376,636	2,439,257	2,405,789	2,473,993	2,550,581	2,765,936	2,777,822	2,852,339	3,195,299	3,293,755	3,339,083	3,313,937	3,413,470	3,486,757	3,595,352	3,416,610	3,446,731	3,668,894	3,599,724	3,767,727	3,883,719	2,630,897	2,501,759	2,653,579	2,680,682	2,812,322	2,836,214	2,788,875	2,831,757	2,814,729	2,839,583	2,864,504	2,924,791	2,967,773	2,948,660	2,962,106	2,948,126	126,153	305,009	325,308	314,208	189,628	321,049	335,349	377,902	222,577	313,646	312,642	324,419	296,579	317,933	336,417	314,030	407,694	352,370	353,770	310,225	356,900	319,400	324,900	309,100	332,500	304,200	349,500	315,600	346,900	342,800	324,300	213,800	203,900	207,000	220,900	206,200	242,700	224,100	243,400	201,400	163,800	162,200	161,800	144,300	0	194,800	160,800	110,500	123,800	90,500	132,600	142,300	84,300	122,300	119,600	153,700	106,100	130,200	150,400	118,200	119,100	166,700	128,100	-	-	-	-
Total Current Liabilities	2,670,073	2,840,356	2,862,105	2,876,522	3,109,683	3,148,302	3,115,648	3,130,054	3,223,137	3,109,937	2,967,025	95,479	102,545	107,973	86,170	52,664	30,928	45,646	54,581	58,317	51,247	61,756	68,894	65,356	58,471	66,337	75,769	73,611	59,078	56,358	67,852	52,451	53,028	57,063	82,747	82,960	89,784	76,943	68,962	64,382	62,668	47,821	66,640	61,854	68,687	55,630	81,582	106,683	115,689	120,917	106,727	168,543	107,385	193,202	210,503	211,756	227,178	222,030	316,466	441,418	457,275	487,973	514,131	635,264	798,599	815,101	809,261	847,764	731,977	768,841	746,517	784,639	775,173	764,143	828,280	710,530	735,423	578,285	712,553	491,704	590,646	538,348	563,287	586,219	519,736	3,816,500	3,727,500	3,630,100	3,585,800	3,559,400	3,557,400	3,518,900	3,662,600	3,618,200	3,546,400	3,498,200	3,551,100	3,528,900	3,484,100	3,422,300	3,428,200	3,433,900	3,393,900	3,335,400	3,388,800	3,360,300	3,305,600	3,395,000	3,428,600	3,426,100	3,342,200	2,213,800	2,247,000	2,190,400	2,211,100	2,181,500	2,227,300	2,242,200	2,109,700	0	0	0	0	14,100	0	0	15,900	0	15,900	16,900	18,100	18,200	18,200	17,600	17,900	17,900	17,900	17,900	18,100	-	-	-	-
Total Liab	5,597,867	5,918,865	5,930,878	6,057,546	6,348,207	6,638,037	6,599,436	6,604,673	6,659,890	6,565,620	6,305,583	6,100,349	5,903,122	5,737,639	5,655,813	4,922,580	4,888,138	4,902,677	4,830,011	4,899,194	4,952,935	4,936,872	4,991,706	4,968,953	4,922,807	4,841,851	4,797,756	4,811,059	4,804,716	4,743,782	4,620,758	4,660,895	4,636,670	4,467,457	4,505,892	4,508,397	4,509,121	4,460,330	4,392,292	4,380,159	4,304,121	4,264,647	4,269,286	4,328,864	4,392,091	4,300,786	4,395,204	4,500,729	4,483,520	4,412,511	4,327,391	4,386,514	4,386,237	4,436,698	4,199,405	4,226,364	4,470,053	4,435,441	4,634,364	4,892,197	3,623,082	3,690,354	3,778,423	3,943,193	4,164,356	4,253,365	4,239,087	4,329,019	4,345,100	4,418,384	4,485,155	4,626,181	4,722,495	4,721,067	4,751,476	4,754,536	4,378,659	4,284,147	4,282,016	4,086,216	4,236,014	4,131,871	4,207,381	4,049,509	3,883,368	3,874,124	3,752,129	3,654,657	3,613,608	3,587,207	3,585,164	3,546,688	3,693,634	3,649,227	3,584,402	3,536,197	3,592,600	3,575,500	3,530,700	3,469,900	3,475,700	3,486,400	3,446,300	3,387,900	3,441,200	3,417,800	3,363,100	2,371,600	2,309,600	2,300,000	2,271,100	2,256,300	2,267,000	2,210,400	2,156,400	2,022,500	1,864,000	1,889,100	1,871,700	1,852,000	1,852,000	1,867,000	1,771,500	1,301,400	1,275,400	1,258,200	1,256,600	1,266,100	1,219,000	1,277,000	1,218,500	1,260,200	1,246,100	1,278,300	1,313,200	1,291,700	1,279,600	1,255,300	1,220,700	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	772,894	648,423	651,862	642,925	602,110	538,988	617,126	701,744	827,102	837,953	842,196	812,132	844,809	825,576	808,076	705,546	731,417	713,378	693,437	656,767	615,591	592,591	586,138	582,083	590,239	603,957	595,594	584,888	561,367	562,996	558,327	538,973	532,205	533,938	525,338	527,380	526,603	533,395	538,803	540,883	542,934	541,840	544,622	558,980	560,102	558,841	557,926	559,528	558,641	553,988	549,340	550,915	545,287	541,173	527,681	519,131	505,448	535,718	559,231	536,668	409,852	399,128	410,445	399,109	394,603	403,651	407,982	419,810	424,235	426,976	421,731	429,372	426,714	432,024	439,617	437,575	358,609	351,924	329,795	338,600	340,371	350,922	357,311	336,946	341,499	335,440	320,373	307,637	314,359	323,141	318,471	330,918	337,747	331,304	294,113	292,958	300,600	316,400	339,600	357,200	368,600	376,100	417,700	414,800	407,200	399,100	387,000	245,400	238,900	229,200	233,800	230,400	223,900	218,300	206,100	192,300	166,200	163,000	158,600	152,400	152,400	145,700	141,000	112,000	108,700	105,700	102,700	99,400	89,200	87,200	84,900	82,400	79,200	76,800	74,500	72,400	70,600	68,100	66,500	-	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Begin Period Cash Flow	294,236	1,132,085	621,275	373,421	420,284	575,002	462,271	433,044	380,836	472,028	491,382	530,045	338,793	361,135	138,883	209,764	184,442	209,273	126,153	189,628	222,577	179,182	286,482	255,738	229,700	250,800	355,200	182,100	181,000	102,600	139,500	67,500	80,900	86,800	73,100
Capital Expenditures	1,161	811	1,324	2,200	3,994	3,123	2,720	1,818	4,474	3,791	1,693	4,834	3,309	1,448	14,179	1,905	1,325	588	1,655	3,390	4,345	1,555	4,060	2,570	3,500	4,200	5,000	14,200	3,700	1,800	3,500	1,100	2,500	1,400	1,400
Cash And Cash Equivalents Changes	0	-837,849	510,810	247,854	-46,863	-154,718	112,731	29,227	52,208	-91,192	-19,354	-38,663	191,252	-22,342	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	605	-4,622	-3,246	-16,756	-4,316	-3,425	-3,715	-1,828	-2,923	5,814	142	2,773	22,312	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-103,922	-837,849	510,810	247,854	-46,863	-154,718	112,731	29,227	52,208	-91,192	-19,354	-38,663	191,252	-22,342	222,252	-70,881	25,322	-24,831	83,120	-63,475	-32,949	43,395	-107,300	30,744	26,000	-69,900	-91,300	11,000	-3,600	4,300	12,100	1,400	-25,000	-38,200	68,300
Change In Working Capital	-12,818	-23,572	-10,200	6,629	-21,147	-290	14,363	2,505	-7,353	2,866	-9,016	10,960	5,862	-5,152	51,687	-22,063	8,021	-1,472	234	2,954	9,646	-12,106	2,157	1,476	6,500	-21,300	-200	-3,600	-2,100	-3,800	-2,400	-700	-500	-1,500	-2,700
Change Receivables	0	-18,037	-2,499	-4,225	-2,963	-2,277	-2,068	-1,316	-780	-469	1,249	2,396	-172	1,094	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,010	-18,037	-2,499	-4,225	-2,963	-2,277	-2,068	-1,316	-780	-469	1,249	2,396	-18	1,094	0	3,480	2,870	1,327	0	1,217	0	37	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-121,979	0	0	0	0	0	0	0	0	0	8	32	21	12	2	14	5	9	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-6,837	3,899	14,275	-5,307	6,947	-9,697	1,934	-5,575	4,841	-14,461	15,374	1,167	-17,315	0	0	0	1,875	2,067	43	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	1,076	-4,191	2,322	4,973	512	19,883	2,282	3,742	4,993	7,941	6,857	14,918	-925	2,316	141	586	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-9,252	-10,546	10,747	-20,113	-4,624	-4,779	-1,347	-6,886	2,191	0	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	2,942	16,565	16,617	22,647	20,626	24,402	26,082	19,939	16,402	15,502	18,015	14,074	14,253	15,327	10,429	9,581	8,534	9,807	9,759	6,058	6,186	6,916	9,572	8,418	9,500	9,100	8,600	3,000	4,700	2,500	3,200	3,100	2,300	2,500	2,700
Dividends Paid	45,954	45,182	44,304	44,285	43,942	42,635	41,299	39,924	39,124	39,761	40,096	41,005	41,670	42,094	43,817	40,236	40,647	40,696	39,322	35,090	32,935	30,262	29,072	26,993	25,600	21,900	13,400	9,100	7,500	5,200	4,700	3,000	2,500	2,300	2,100
End Period Cash Flow	190,314	294,236	1,132,085	621,275	373,421	420,284	575,002	462,271	433,044	380,836	472,028	491,382	530,045	338,793	361,135	138,883	209,764	184,442	209,273	126,153	189,628	222,577	179,182	286,482	255,700	180,900	263,900	193,100	177,400	106,900	151,600	68,900	55,900	48,600	141,400
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	157,047	112,891	87,411	105,544	76,708	93,506	78,034	75,819	65,930	78,520	83,622	114,630	117,084	113,522	134,929	91,358	107,032	107,402	117,896	110,136	111,020	89,003	94,659	90,560	92,400	59,100	73,500	29,100	36,400	25,900	24,900	23,000	16,800	20,100	9,500
Investments	615,852	-633,516	-498,515	-750,655	-19,883	-253,214	-71,996	-202,730	-99,564	-306,386	25,197	-45,973	37,985	168,672	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-88,454	43,701	71,617	-20,319	-7,224	-607	6,050	-56,756	16,741	-11,019	-62,001	-26,868	-205,819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	161,768	122,034	86,509	80,413	80,389	71,564	50,025	58,853	58,753	60,646	67,177	81,127	87,888	94,577	125,426	59,835	89,776	98,806	107,441	95,218	95,063	87,138	84,279	79,779	76,100	73,400	48,100	37,700	31,400	24,700	9,500	14,000	11,600	10,800	7,300
Other Cashflows From Financing Activities	-750,283	-277,191	772,695	949,813	-40,519	45,375	146,848	194,201	138,284	214,198	-298	-71,320	117,883	1,004	2,188	1,130	-260,211	-446,922	-240,668	221,532	348,278	187,823	-164,567	-36,676	39,400	-43,000	-71,500	20,100	9,400	22,800	19,800	6,200	-20,200	-35,400	70,800
Other Cashflows From Investing Activities	0	3,041	5,367	3,933	1,580	2,774	1,458	7,285	1,774	14,915	27,418	56,504	32,969	131,291	54,258	311	0	0	64	321	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	6,955	-3,331	-9,509	-3,574	-433	-92	-38,558	-9,534	1,821	1,363	8,511	13,159	10,002	8,838	375	3,675	2,026	849	2,117	9,296	4,470	8,610	2,711	3,457	3,800	2,100	22,000	6,200	6,100	4,300	18,100	7,700	5,900	9,700	3,600
Sale Purchase Of Stock	-13,747	-218	-232	-16,496	-488	-524	-314	-5,424	-15,092	-52,678	-57,320	-51,499	-60,505	-28,719	-85,772	-35,914	0	0	0	-55,444	-70,769	-64,033	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,356	1,309	1,419	1,875	1,744	1,988	1,824	1,494	1,272	1,318	1,397	1,450	1,425	1,380	1,132	1,193	0	0	0	0	0	-1,545	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-809,404	-320,265	728,159	889,032	-105,268	2,216	105,235	148,853	84,068	121,759	-155,591	-163,824	3,214	-435,827	-767,607	-573,393	-301,005	-490,980	-283,328	76,024	248,177	104,934	-196,854	-74,133	7,800	-69,900	-91,300	11,000	-3,600	4,300	12,100	1,400	-25,000	-38,200	68,300
Total Cash From Operating Activities	158,208	113,702	88,735	107,744	80,702	96,629	80,754	77,637	70,404	82,311	85,315	119,464	120,393	114,970	149,108	93,263	108,357	107,990	119,551	113,526	115,365	90,558	98,719	93,130	95,900	63,300	78,500	43,300	40,100	27,700	28,400	24,100	19,300	21,500	10,900
Total Cashflows From Investing Activities	0	-631,286	-306,084	-748,922	-22,297	-253,563	-73,258	-197,263	-102,264	-295,262	50,922	5,697	67,645	298,515	840,751	409,249	217,970	358,159	246,897	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30
Begin Period Cash Flow	420,550	266,187	195,202	294,236	413,665	753,293	1,037,593	1,132,085	1,011,048	939,929	866,457	621,275	398,964	500,820	304,628	373,421	415,639	418,586	421,788	420,284	522,660	629,146	555,607	575,002	561,757	529,362	546,815	462,271	471,367	441,785	471,164	433,044	268,587	289,606	247,450	380,836	524,338	484,904	428,840	472,028	388,579	384,276	355,459	491,382	367,964	320,925	541,102	530,045	459,754	320,119	348,157	338,793	344,169	294,240	253,229	361,135	180,058	168,777	149,053	138,883	142,338	134,094	139,621	209,764	219,631	164,065	208,413	184,442	191,611	188,670	187,947	209,273	193,219	194,749	168,341	126,153	165,277	185,522	166,649	189,628	189,269	201,560	186,281	222,577	175,666	183,589	173,029	179,182	195,575	192,493	188,704	286,482	232,876	248,471	206,226	255,738	212,100	191,700	173,900	229,700	0	42,700	185,700	250,800	32,500	0	204,000	149,400	6,000	12,000	168,600	182,100	0	1,400	126,900	127,300	21,000	400	7,700	102,600	63,100	27,300	97,500	95,900	0	0	61,300	67,500	61,100	0	94,000	80,900	0	13,500	98,300	86,800	27,500	0
Capital Expenditures	264	307	79	511	1	220	394	198	272	252	655	145	518	293	407	1,796	1,499	1,070	1,032	393	293	521	896	1,413	740	930	549	501	519	308	708	283	425	2,216	507	1,326	1,399	696	1,530	166	112	471	493	617	959	1,238	697	1,940	1,111	1,948	73	177	791	209	190	258	33	13,580	464	102	1,267	57	168	413	255	318	377	375	869	163	408	298	635	1,020	793	351	976	893	901	620	1,072	1,523	1,027	723	1,562	493	429	640	484	768	1,207	1,601	932	748	327	563	1,000	1,100	700	700	1,800	800	1,200	400	500	1,400	2,400	700	1,100	5,400	5,300	2,400	1,500	1,900	0	400	500	400	700	1,000	1,000	1,300	600	600	100	400	400	200	200	700	1,200	400	300	200	800	100	200	300
Cash And Cash Equivalents Changes	0	0	70,985	-99,034	-119,429	-339,628	-284,300	-94,492	121,037	71,119	73,472	245,182	222,311	-101,856	196,192	-68,793	-42,218	-2,947	-3,202	1,504	-102,376	-106,486	73,539	-19,395	13,245	32,395	-17,453	84,544	-9,096	29,582	-29,379	38,120	164,457	-21,019	42,156	-133,386	-143,502	39,434	56,064	-43,188	83,449	4,303	28,817	-135,923	123,418	47,039	-220,177	11,057	70,291	139,635	-28,038	9,364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	12,176	14,716	2,867	794	-2,758	-298	4,087	-7,553	-5,602	4,446	1,222	3,781	-13,496	5,247	-11,297	21,103	-24,610	-1,952	-2,450	-1,550	-2,790	2,474	410	-3,024	-1,580	769	-322	1,155	1,054	-5,602	-1,935	1,171	-242	-822	-4,313	-36	1,611	-185	-1,530	-830	8,837	-663	297	3,231	1,269	-4,655	1,829	-741	4,092	-2,407	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-230,236	154,363	70,985	-99,034	-119,429	-339,628	-284,300	-94,492	121,037	71,119	73,472	245,182	222,311	-101,856	196,192	-68,793	-42,218	-2,947	-3,202	1,504	-102,376	-106,486	73,539	-19,395	13,245	32,395	-17,453	84,544	-9,096	29,582	-29,379	38,120	164,457	-21,019	42,156	-133,386	-143,502	39,434	56,064	-43,188	83,449	4,303	28,817	-135,923	123,418	47,039	-220,177	11,057	70,291	139,635	-28,038	9,364	-5,376	49,929	41,011	-107,906	181,077	11,281	19,724	10,170	-3,455	8,244	-5,527	-70,143	-9,867	55,566	-44,348	23,971	-7,169	2,941	723	-21,326	16,054	-1,530	26,408	42,188	-39,124	-20,245	18,873	-22,979	359	-12,291	15,279	-36,296	46,911	-7,923	10,560	-6,153	-16,393	3,082	3,789	-97,778	53,606	-15,595	42,245	-49,512	43,600	20,400	-2,900	-35,100	26,300	-40,700	31,500	-38,200	4,300	15,400	-130,700	6,600	-4,300	-14,100	13,300	-27,700	13,900	-41,100	8,300	20,000	-3,200	4,800	400	-17,100	7,700	-9,000	27,300	-38,100	37,900	-48,500	-9,900	48,900	-22,500	3,000	-46,000	46,700	-16,000	-18,500	29,600	-1,000	-43,400	34,600
Change In Working Capital	-47,550	15,162	9,301	11,376	-380	-7,577	-19,612	3,997	-8,398	257	-10,806	8,747	-11,628	5,441	-13,562	26,378	-10,183	-998	-8,646	-1,320	-9,039	7,525	-5,784	7,008	13,532	2,258	-5,547	4,120	-1,002	5,181	-1,011	-663	-6,301	3,678	-2,165	-2,565	5,061	-8,182	-7,459	13,446	-13,983	4,792	2,702	-2,527	4,203	14,569	-13,379	5,567	4,421	-3,977	1,422	3,996	-5,369	21,400	-26,421	5,238	26,085	-31,018	48,848	7,772	-41,447	22,079	-10,109	7,414	11,670	121	-7,092	3,322	-4,074	2,941	-4,662	4,323	14,759	-4,045	-13,741	3,261	2,862	-1,265	-6,232	7,589	318	1,868	-3,360	10,820	-9,251	141	-12,352	9,356	5,272	-850	-4,463	2,198	690	6,243	-6,703	1,246	1,800	-900	-9,400	15,000	-19,300	9,800	-2,600	-9,200	-8,500	7,700	3,100	-2,500	-4,100	3,100	-900	-1,700	200	7,300	-6,000	-3,600	1,000	-700	-2,100	11,300	11,300	-12,800	-100	-800	7,100	-5,100	-2,400	-300	-1,000	1,300	-3,600	2,800	300	-3,600	-1,000	2,800	-2,300	200
Change Receivables	0	0	-104	-118	-4,052	-9,245	-5,618	878	-2,217	1,489	-3,732	1,961	-2,243	1,544	-3,325	-201	-3,286	996	-2,560	1,887	-2,100	1,198	-2,394	1,019	-2,781	1,128	-2,159	1,744	-1,791	304	-1,208	1,379	-1,537	703	-758	812	-2,006	1,432	-538	643	-171	1,332	287	-199	1,213	179	271	733	-246	235	452	-613	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	1,029	-1,817	-104	-118	-4,052	-9,245	-5,618	878	-2,217	1,489	-3,732	1,961	-2,243	1,544	-3,325	-201	-3,286	996	-2,560	1,887	-2,100	1,198	-2,394	1,019	-2,781	1,128	-2,159	1,744	-1,791	304	-1,208	1,379	-1,537	703	-758	812	-2,006	1,432	-538	643	-171	1,332	287	-199	105	1,183	1,004	733	-18	74	0	0	1,094	742	657	258	0	0	0	0	3,480	2,036	2,297	25	2,870	0	762	0	1,327	0	2,284	13	0	0	0	0	1,217	541	2,401	1,797	0	0	0	0	37	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Inventory	-1,224	0	0	0	0	0	0	0	2,281	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8	6	1	2	32	29	1	0	4,800	21	3	3	12	11	11	0	2	2	2	0	14	14	7	10	5	5	0	0	9	6	5	0	0	3	1	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,334	-3,476	618	765	699	3,626	7,008	8,001	-549	2,812	-10,036	-4,031	3,589	24,753	6,907	-24,581	16,797	-4,430	-4,611	8,815	-590	3,333	-11,008	3,740	-2,469	40	1,407	101	-3,019	3,445	-2,691	670	-1,420	-2,134	9,944	-12,183	-6,664	13,744	-14,383	5,365	-4,451	-992	2,275	12,254	-8,461	9,306	2,109	-5,407	-2,484	6,949	17	0	0	0	0	0	275	623	0	0	0	0	0	275	27	0	1,875	1,712	1,384	542	2,067	1,495	1,251	828	43	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	1,027	593	472	-475	-112	130	-586	-1,356	-549	-104	-3,803	4,597	124	1,404	-2,414	1,886	1,809	3,692	895	-1,233	309	541	17,692	1,089	-790	1,892	-957	673	1,807	759	306	1,470	921	1,045	2,235	3,371	-777	164	3,643	1,443	13	2,842	3,412	2,400	-2,152	3,197	4,210	5,259	2,595	2,854	0	2,530	2,899	12,593	2,316	3,811	0	27,654	141	0	0	10,910	586	1,357	0	7,630	0	0	0	8,786	0	0	512	6,132	0	0	694	9,558	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-5,091	-5,091	3,520	-1,938	-6,589	-4,245	-7,555	-3,771	972	-192	-9,687	3,985	-4,679	21,128	-5,826	-6,641	311	-7,957	-7,135	2,264	-1,460	1,707	-4,779	-1,873	596	2,336	-1,347	6,716	1,024	-5,602	-6,886	0	0	0	2,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,717	3,008	2,708	3,044	2,829	3,228	5,010	5,498	4,869	4,385	3,107	4,256	4,165	6,121	6,057	6,304	5,448	5,326	5,043	4,809	5,438	6,370	10,951	1,643	7,275	6,739	6,314	5,754	5,728	5,593	4,553	4,065	4,023	4,422	4,027	3,930	3,227	5,065	3,107	4,103	4,690	4,293	4,710	4,322	3,500	3,537	3,538	3,499	3,793	3,517	3,508	3,435	3,968	3,770	4,178	3,411	9,312	584	-59	592	2,451	2,389	2,373	2,368	2,275	2,108	2,010	2,141	2,327	2,586	2,326	2,568	2,763	2,492	2,750	1,754	1,497	1,475	1,434	1,652	1,454	1,462	1,347	1,923	1,716	1,671	1,973	1,556	3,302	1,739	2,425	2,106	2,164	2,270	1,928	2,056	2,000	2,600	2,300	2,600	2,500	2,200	2,200	2,200	3,300	1,600	3,000	700	1,000	-100	1,000	1,100	800	2,700	600	600	500	600	300	800	800	700	1,100	600	1,200	600	600	700	600	600	500	600	600	700	600	600	700	700
Dividends Paid	11,733	11,726	11,192	11,303	11,303	11,303	11,292	11,284	11,283	11,015	11,015	10,991	11,022	11,043	11,116	11,104	11,093	11,063	11,041	10,745	10,691	10,683	10,653	10,608	10,558	10,261	10,257	10,223	10,012	9,996	9,997	9,919	9,956	9,701	9,712	9,755	9,834	9,868	9,973	10,086	10,147	9,898	9,967	10,084	10,130	10,188	10,293	10,394	10,528	10,266	10,400	10,476	10,505	10,496	10,557	10,536	10,764	11,369	11,287	10,397	10,108	10,137	10,144	9,847	10,014	10,071	10,214	10,348	10,500	9,909	10,091	10,196	10,297	9,732	9,835	9,458	8,921	8,884	8,894	8,391	8,502	8,546	7,931	7,956	8,079	7,262	7,383	7,538	7,287	7,393	7,501	6,891	6,956	6,859	6,565	6,613	6,800	6,100	6,300	6,400	5,700	5,900	5,200	5,100	4,300	3,700	3,100	2,300	2,400	2,200	2,300	2,200	2,000	2,000	2,100	1,400	1,400	1,400	1,200	1,300	1,300	1,700	900	800	800	700	900	600	600	700	600	600	600	600	600	500	600	500
End Period Cash Flow	190,314	420,550	266,187	195,202	294,236	413,665	753,293	1,037,593	1,132,085	1,011,048	939,929	866,457	621,275	398,964	500,820	304,628	373,421	415,639	418,586	421,788	420,284	522,660	629,146	555,607	575,002	561,757	529,362	546,815	462,271	471,367	441,785	471,164	433,044	268,587	289,606	247,450	380,836	524,338	484,904	428,840	472,028	388,579	384,276	355,459	491,382	367,964	320,925	541,102	530,045	459,754	320,119	348,157	338,793	344,169	294,240	253,229	361,135	180,058	168,777	149,053	138,883	142,338	134,094	139,621	209,764	219,631	164,065	208,413	184,442	191,611	188,670	187,947	209,273	193,219	194,749	168,341	126,153	165,277	185,522	166,649	189,628	189,269	201,560	186,281	222,577	175,666	183,589	173,029	179,182	195,575	192,493	188,704	286,482	232,876	248,471	206,226	255,700	212,100	-2,900	194,600	26,300	-40,700	31,500	212,600	4,300	15,400	-130,700	156,000	-4,300	-14,100	13,300	154,400	13,900	-41,100	8,300	147,300	-3,200	4,800	400	-17,100	102,600	-9,000	27,300	57,800	37,900	-48,500	-9,900	116,400	-22,500	3,000	-46,000	127,600	-16,000	-18,500	29,600	85,800	-43,400	34,600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-8,245	58,220	52,501	54,571	41,820	29,240	10,206	31,625	17,333	25,412	12,539	32,127	10,986	30,024	11,879	52,655	14,542	24,050	15,072	23,044	15,912	30,003	22,528	25,063	14,928	23,772	14,561	24,773	17,940	23,022	16,922	17,935	12,272	20,963	16,711	15,984	22,616	12,062	10,262	33,580	8,106	27,739	25,893	21,884	28,770	40,286	14,555	31,019	32,250	23,242	29,276	32,316	24,190	51,808	2,448	35,076	14,878	33,442	23,632	62,977	28,746	8,695	22,751	31,166	35,966	24,526	17,463	29,077	22,206	29,312	22,388	33,215	44,662	26,203	15,498	32,202	31,970	25,015	19,216	33,935	26,700	27,307	20,687	36,326	16,582	25,150	13,357	33,907	25,070	27,615	18,263	23,711	23,756	28,643	15,363	22,798	23,500	22,700	10,200	36,000	-400	30,900	17,500	11,100	13,700	34,400	12,500	12,900	8,100	11,200	3,700	6,100	8,700	18,100	3,900	5,600	9,100	7,900	-1,300	12,700	12,700	-3,400	7,800	7,800	4,000	7,700	6,700	4,600	5,600	3,700	2,900	4,600	9,100	0	7,000	4,000	-2,400	8,000
Investments	70,453	137,140	168,147	172,124	135,989	-396,765	-289,972	-85,353	-102,116	-184,909	-74,203	-9,151	79,815	-211,549	-507,017	-111,904	-49,469	-76,227	55,501	50,312	-128,936	-72,695	36,990	-88,573	-81,886	-24,369	-9,234	43,493	-89,215	-137,399	-28,430	52,314	-7,430	-20,246	63,162	-135,050	-189,389	-62,086	54,431	-109,342	34,479	-153	70,789	-79,918	5,312	119,410	-168,958	-1,737	-13,073	34,727	18,391	-2,060	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	54,917	25,296	-19,094	-41,281	-6,275	-21,804	27,144	29,059	-7,117	-5,385	-5,428	21,802	33,507	21,736	-14,718	-8,935	-3,736	7,070	-10,509	-7,138	3,538	6,885	-7,866	-9,432	2,158	14,533	2,720	-11,494	15,401	-577	-4,035	-25,684	-213	-26,824	12,749	-2,113	4,485	1,620	-5,153	-18,818	4,785	8,167	-1,943	-25,952	-25,101	-9,005	4,772	-15,982	-2,631	-13,027	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	39,468	41,601	40,248	40,451	39,344	34,760	25,314	22,616	21,720	22,063	22,579	20,147	23,838	20,051	19,562	16,962	20,728	20,390	19,625	19,646	19,055	16,993	18,010	17,506	4,160	15,017	15,799	15,049	14,453	15,628	14,546	14,226	14,578	14,857	14,761	14,557	15,028	15,154	15,157	15,307	16,056	16,738	17,112	17,271	19,136	20,022	20,964	21,005	21,805	22,432	21,269	22,382	23,731	23,709	23,561	23,576	24,161	25,257	23,183	52,825	20,810	45	12,202	26,778	21,832	22,023	22,351	23,570	23,957	24,238	24,494	26,117	27,599	29,194	27,915	22,733	21,165	25,095	24,644	24,314	24,308	24,072	23,671	23,012	23,255	22,877	19,347	21,659	21,771	21,326	20,758	20,424	20,741	20,145	19,667	19,226	19,500	19,300	18,900	18,400	18,800	18,400	18,100	18,100	18,300	17,600	2,200	10,000	9,700	9,600	9,300	9,100	8,900	7,300	8,000	7,200	6,400	6,300	6,000	5,400	5,400	5,200	-4,800	3,700	3,700	3,700	3,400	3,200	2,500	2,900	3,100	3,100	2,900	2,900	2,600	2,400	2,200	2,000
Other Cashflows From Financing Activities	-238,493	-6,914	-138,471	-300,679	-291,520	39,200	4,173	-29,262	152,139	241,631	145,496	233,429	143,361	92,580	703,065	10,807	3,802	60,293	-64,007	-61,414	20,621	-54,661	24,218	54,673	90,762	43,276	-12,548	25,358	74,873	149,578	-7,300	-22,950	169,635	-12,371	-22,182	3,202	40,310	106,312	4,409	63,167	62,588	-9,013	-55,432	-56,318	44,640	-75,944	-39,945	-71	65,642	107,162	-51,372	10,825	65,000	-65,668	1,797	-160,324	37,327	-130,467	-86,025	12,721	275,111	-60,800	-149,060	-246,941	-109,096	-6,075	-97,599	-47,441	-89,861	-89,909	-149,986	-117,166	-39,355	-45,064	-9,977	-146,272	86,406	2,226	274,982	-142,082	128,146	41,837	97,527	80,768	11,675	102,203	37,723	-13,191	14,599	-246	2,307	-181,227	18,721	-22,655	41,671	-74,413	8,200	42,700	36,900	-49,400	-8,500	-27,400	47,900	-60,000	23,500	36,200	-189,500	56,900	8,900	8,200	14,300	-11,300	48,400	-49,000	3,500	1,000	-25,000	23,300	1,600	8,200	8,200	65,900	-59,400	2,400	22,200	-5,400	-6,800	-5,600	-44,100	61,800	-52,900	13,700	-27,300	-34,500	14,100	12,000	35,100	28,000
Other Cashflows From Investing Activities	0	0	-134	-134	3,041	5,367	0	0	0	0	0	0	3,933	114	114	-111,904	-18,303	31,166	1,273	307	718	1,550	456	50	-1	-23	339	1,143	-3,038	4,377	-218	6,164	1,774	1,674	100	100	663	1,469	10,580	2,203	5,954	8,024	9,485	3,955	7,581	12,032	23,986	12,905	6,671	14,130	8,343	3,825	72,793	46,745	37,912	24,723	54,258	53,705	11,978	1,118	311	311	0	0	0	0	0	0	0	0	0	0	64	4,533	1,752	0	321	321	321	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-8,853	-72,092	-16	-382	-562	-1,399	-1,150	-627	-905	-1,365	-2,094	-1,246	-5,246	-1,746	-1,110	4,282	-212	0	-459	-239	338	-889	-278	-206	-9,755	232	-1,912	-105	-1,072	-3,462	-820	200	112	-93	277	1,034	390	412	646	531	1,139	2,036	1,511	3,056	2,620	3,021	3,759	2,453	2,997	2,858	2,790	2,320	2,331	2,798	960	2,749	-44,932	51,946	-48,176	1,596	48,199	-15,761	18,453	-4,981	444	592	571	419	-4	-290	638	505	176	-1,438	-1,426	4,805	7,422	603	271	1,000	1,692	1,428	56	1,294	862	954	4,818	1,976	-4,791	6,168	750	584	1,093	733	798	833	1,200	2,800	-900	700	-600	1,300	1,000	400	1,100	8,900	6,600	5,400	2,600	4,000	-400	300	300	2,700	1,300	1,800	1,700	2,100	-4,800	-3,800	-3,800	4,800	12,200	4,900	-7,900	8,900	5,500	1,200	3,700	-400	4,100	-1,500	5,600	200	5,600	-1,700	-2,800	5,400
Sale Purchase Of Stock	13,747	0	0	-13,747	218	40,465	731	-218	232	0	57	-232	-4,762	-1,868	-619	-9,247	2,522	2,867	2,051	5,771	128	3,762	1,425	7,534	314	698	-314	17,593	356	1,528	-356	-5,424	-64	-1,338	-5,823	-7,867	-7,868	-8,455	-13,645	-22,710	-17,531	-12,396	-11,951	-15,442	-12,813	-12,605	-14,421	-11,660	-15,443	-13,378	-19,645	-12,039	-6,470	-5,029	-12,416	-4,804	-42,419	-42,266	-420	-667	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-55,444	0	0	0	-70,769	0	0	0	-64,033	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	339	339	339	339	292	339	339	339	319	324	408	368	375	450	525	525	260	402	541	541	413	525	525	525	456	456	456	456	352	390	362	390	285	315	318	354	309	309	341	359	316	351	351	379	270	375	370	435	345	360	360	360	320	340	360	360	285	253	300	294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-5,805	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-292,708	-41,304	-149,663	-325,729	-300,279	27,897	-7,119	-40,764	140,856	230,616	134,481	222,206	127,577	79,669	691,330	-9,544	-7,291	49,230	-75,048	-72,159	9,930	-65,344	13,565	44,065	80,204	33,015	-23,119	15,135	65,217	139,582	-17,653	-38,293	159,615	-23,410	-37,717	-14,420	22,608	87,989	-19,209	30,371	34,910	-31,307	-77,350	-81,844	81,755	-124,689	-89,760	-31,130	44,443	67,536	-84,048	-24,717	-43,030	-103,805	-22,668	-266,324	-10,846	-278,811	-222,958	-254,992	-76,355	-80,972	-159,241	-256,825	-119,146	-16,183	-107,850	-57,826	-100,398	-99,855	-160,114	-130,613	-49,689	-54,833	-19,849	-158,957	77,485	-6,658	245,698	-240,501	67,442	21,541	89,596	69,598	3,596	94,941	30,340	-23,943	7,312	-7,639	-5,194	-191,333	11,765	-36,514	35,106	-84,490	-3,600	36,600	30,600	-55,800	-14,200	-33,300	42,700	-65,100	14,200	32,500	-192,600	54,600	6,500	6,000	12,000	-13,500	46,400	-51,000	1,400	-400	-30,900	21,000	-6,700	7,700	7,700	63,100	-60,300	1,600	21,400	-6,100	-7,700	-6,200	-45,700	61,100	-53,500	13,100	-28,100	-35,100	13,500	11,500	34,500	27,500
Total Cash From Operating Activities	-7,981	58,527	52,580	55,082	41,819	29,460	10,600	31,823	17,605	25,664	13,194	32,272	11,504	30,317	11,472	54,451	16,041	25,120	16,104	23,437	16,205	30,524	23,424	26,476	15,668	24,702	15,110	25,274	18,459	23,330	17,630	18,218	12,697	23,179	17,218	17,310	24,015	12,758	11,792	33,746	8,218	28,210	26,386	22,501	29,729	41,524	15,252	32,959	33,361	25,190	29,349	32,493	24,981	52,017	2,638	35,334	14,911	47,022	24,096	63,079	30,013	8,752	22,919	31,579	36,221	24,844	17,840	29,452	22,206	29,475	22,796	33,513	45,297	26,203	15,498	32,553	32,946	25,908	20,117	34,555	27,772	28,830	21,714	37,049	16,582	25,643	13,786	34,547	25,554	28,383	19,470	25,312	24,688	29,391	15,690	23,361	24,500	23,800	10,900	36,700	1,400	31,700	18,700	11,500	14,200	35,800	14,900	13,600	9,200	16,600	9,000	8,500	10,200	20,000	3,900	6,000	9,600	8,300	-600	13,700	13,700	-2,100	8,400	8,400	4,100	8,100	7,100	4,800	5,800	4,400	4,100	5,000	9,400	200	7,800	4,100	-2,200	8,300
Total Cashflows From Investing Activities	0	0	168,068	171,613	139,031	-396,985	-287,781	-85,551	-37,424	-185,161	-74,203	-9,296	83,230	-211,842	-506,610	-113,700	-50,968	-77,297	55,742	50,226	-128,511	-71,666	36,550	-89,936	-82,627	-25,322	-9,444	44,135	-92,772	-133,330	-29,356	58,195	-7,855	-20,788	62,655	-136,276	-190,125	-61,313	63,481	-107,305	40,321	7,400	79,781	-76,580	11,934	130,204	-145,669	9,228	-7,513	46,909	26,661	1,588	298,515	285,842	184,125	123,084	840,751	663,739	420,669	202,083	409,249	366,362	285,898	155,103	217,970	144,912	98,007	52,345	358,159	287,136	213,815	75,774	246,897	226,451	199,351	168,592	0	0	0	182,967	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Cost Of Revenue	0	0	0	0	0	1,959	0	0	2,424	6,244	12,671	16,944	19,582	-219,515	29,880	35,943	73,255	65,713	44,549	23,806	30,497	42,782	72,487	92,289	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Depreciation And Amortization	2,942	16,565	269	287	538	1,921	3,077	3,504	3,856	4,270	4,704	5,368	5,975	6,333	10,429	9,581	8,534	9,807	9,759	6,058	6,186	6,916	9,572	8,418	9,500	9,100	8,600	3,000	4,700	2,500	3,200	3,100	2,300	2,500	2,700	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Ebit	-8,417	167,516	117,027	106,803	105,216	115,437	112,077	98,508	91,642	93,629	104,104	121,007	137,476	153,256	202,684	102,952	193,022	199,693	191,581	153,470	161,406	167,262	193,460	206,773	193,000	198,100	162,200	116,100	104,000	76,700	54,800	59,400	74,100	84,900	78,600	4,800	2,900	8,600	5,400
Ebitda	-5,475	184,081	117,296	107,090	105,754	117,358	115,154	102,012	95,498	97,899	108,808	126,375	143,451	159,589	213,113	112,533	201,556	209,500	201,340	159,528	167,592	174,178	203,032	215,191	202,500	207,200	170,800	119,100	108,700	79,200	58,000	62,500	76,400	87,400	81,300	4,800	2,900	8,600	5,400
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	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	-12,315	0	0	0	0	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	327,535	264,952	214,833	206,133	204,202	197,913	187,939	178,509	181,972	188,552	206,736	234,642	259,694	50,076	285,736	173,170	222,595	236,594	253,688	233,814	239,212	235,002	230,824	222,032	219,400	218,000	219,600	135,300	137,300	112,500	118,500	83,900	76,500	75,000	74,400	-	-	-	-
Income Before Tax	221,579	165,591	117,027	106,803	105,216	90,997	87,172	79,957	76,672	78,953	86,122	106,557	120,816	131,422	183,304	69,709	120,467	134,425	147,932	132,364	134,209	128,080	124,573	118,159	114,500	111,400	74,100	55,100	45,400	35,600	12,500	21,700	17,100	15,900	10,200	-	-	-	-
Income Tax Expense	59,811	43,557	30,518	26,390	24,827	19,433	37,147	21,104	17,919	18,307	18,945	25,430	32,928	36,845	57,878	9,874	30,691	35,619	40,491	37,145	39,146	40,941	40,294	38,380	38,400	38,000	26,000	17,400	14,000	10,900	3,000	7,700	5,500	5,100	2,900	-4,800	-2,900	-8,600	-5,400
Interest Expense	120	1,925	1,955	1,824	1,888	1,959	1,900	2,116	2,424	3,444	4,671	5,744	8,382	12,840	19,380	33,243	72,555	65,268	43,649	21,106	27,197	39,182	68,887	88,614	78,500	86,700	88,100	61,000	58,600	41,100	42,300	37,700	57,000	69,000	68,400	0	0	0	0
Interest Income	282,159	221,756	173,443	165,856	158,682	151,723	133,836	134,051	136,529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income	161,768	122,034	86,509	80,413	80,389	71,564	50,025	58,853	58,753	60,646	67,177	81,127	87,888	94,577	125,426	59,835	89,776	98,806	107,441	95,219	95,063	87,139	84,279	79,779	76,100	73,400	48,100	37,700	31,400	24,700	9,500	14,000	11,600	10,800	7,300	4,800	2,900	8,600	5,400
Net Income Applicable To Common Shares	0	122,034	86,509	80,413	80,389	71,564	50,025	58,853	58,753	60,646	67,177	81,127	87,888	94,577	121,463	59,835	89,776	98,806	107,441	95,219	95,063	87,138	84,279	79,779	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	161,644	122,034	86,509	80,413	80,389	71,564	50,025	58,853	58,753	60,646	67,177	81,127	87,888	94,577	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Interest Income	279,473	219,831	171,488	164,032	156,794	149,764	131,936	131,935	134,105	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Operating Income Net Other	0	0	0	0	0	-52	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Recurring	0	0	0	0	0	0	625	625	625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	227,054	167,516	117,027	106,803	105,216	92,956	112,077	98,508	91,642	93,629	104,104	121,007	137,476	153,256	202,684	102,952	193,022	199,693	191,581	153,470	161,406	167,262	193,460	206,773	193,000	198,100	162,200	116,100	104,000	76,700	54,800	59,400	74,100	84,900	78,600	4,800	2,900	8,600	5,400
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	-	-	-	-
Other Operating Expenses	105,956	2,628	97,806	99,330	98,986	104,957	2,161	3,980	2,490	2,346	3,057	3,217	4,802	143,820	26,615	70,218	29,573	36,901	62,107	80,344	1,886	1,770	37,364	15,259	26,400	19,900	57,400	19,200	33,300	35,800	63,700	24,500	2,400	9,900	4,200	4,800	2,900	8,600	5,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Reconciled Depreciation	11,589	16,565	269	22,647	20,626	24,402	26,082	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling And Marketing Expenses	68,391	0	0	0	0	0	0	0	0	0	0	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	47,871	46,125	57,612	60,175	60,525	53,007	51,519	51,507	52,192	54,777	56,633	57,388	72,787	75,873	75,459	65,592	50,142	52,302	53,460	52,507	53,974	55,360	52,890	51,266	50,700	51,100	62,500	38,200	41,200	34,300	39,000	27,400	24,700	25,300	26,100	-	-	-	-
Tax Provision	59,183	43,557	30,518	26,390	24,827	19,433	37,147	21,104	17,919	0	0	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	34,825	2,628	-97,806	-99,330	-98,986	-104,957	2,161	3,980	2,490	2,346	3,057	3,217	4,802	75,695	26,615	-70,218	-29,573	-36,901	-62,107	-80,344	1,886	1,770	-37,364	-15,259	-26,400	-19,900	-57,400	-19,200	-33,300	-35,800	-63,700	-24,500	-2,400	9,900	4,200	4,800	2,900	8,600	5,400
Total Other Income Expense Net	221,579	-1,925	115,251	106,803	105,216	-1,959	-24,905	-18,551	-14,970	-14,676	-17,982	-14,450	-16,660	-21,834	-19,380	-33,243	-72,555	-65,268	-43,649	-21,106	-27,197	-39,182	-68,887	-88,614	-78,500	-86,700	-88,100	-61,000	-58,600	-41,100	-42,300	-37,700	-57,000	-69,000	-68,400	-	-	-	-
Total Revenue	327,535	264,952	214,833	206,133	204,202	197,913	187,939	178,509	181,972	188,552	206,736	234,642	259,694	50,076	285,736	173,170	222,595	236,594	253,688	233,814	239,212	235,002	230,824	222,032	219,400	218,000	219,600	135,300	137,300	112,500	118,500	83,900	76,500	75,000	74,400	-	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-5,933	527	459	459	471	473	-480	480	500	-541	541	552	563	585	617	659	1,000	1,446	1,900	1,898	2,624	2,976	3,019	4,052	-1	4,182	4,272	4,359	4,655	4,871	4,953	5,103	5,865	5,896	13,782	6,334	7,602	7,300	8,345	6,633	5,492	8,037	8,986	13,428	16,958	19,220	18,891	18,186	17,553	17,064	16,434	14,662	12,669	12,178	11,045	8,657	6,552	5,643	5,346	6,265	6,514	7,037	8,309	8,637	9,434	10,899	11,128	11,321	13,929	16,765	19,396	22,397	23,433	23,823	23,018	22,015	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 And Amortization	-8,760	3,008	2,708	3,044	2,829	3,228	64	64	65	67	68	69	69	72	73	73	73	76	79	310	447	451	453	570	755	760	762	800	863	867	870	905	948	952	955	1,001	1,051	1,056	1,058	1,105	1,157	1,163	1,165	1,219	1,292	1,336	1,339	1,402	3,793	1,477	1,480	1,548	3,968	1,573	1,540	1,598	9,312	584	-59	592	2,451	2,389	2,373	2,368	2,275	2,108	2,010	2,141	2,327	2,586	2,326	2,568	2,763	2,492	2,750	1,754	1,497	1,475	1,434	1,652	1,454	1,462	1,347	1,923	1,716	1,671	1,973	1,556	3,302	1,739	2,425	2,106	2,164	2,270	1,928	2,056	2,000	2,600	2,300	2,600	2,500	2,200	2,200	2,200	3,300	1,600	3,000	700	1,000	-100	1,000	1,100	800	2,700	600	600	500	600	300	800	800	700	1,100	600	1,200	600	600	700	600	600	500	600	600	700	600	600	700	700	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,527	53,938	52,642	52,469	54,571	47,853	39,578	35,894	34,775	34,713	34,056	31,786	36,471	33,287	32,323	28,906	32,776	32,721	31,317	30,378	30,549	27,695	33,872	23,321	30,857	27,558	28,342	25,320	25,042	26,904	23,883	22,678	22,764	23,589	22,870	22,419	22,510	24,747	22,693	23,679	24,682	25,947	27,106	26,369	28,262	30,030	30,484	32,230	31,814	35,038	33,299	35,001	35,702	38,163	38,591	38,455	38,056	39,206	38,192	87,230	32,287	-2,327	21,875	51,116	44,837	49,013	49,260	49,912	49,990	49,786	49,443	50,473	50,343	52,303	49,878	39,058	34,142	40,601	39,192	39,535	39,396	39,688	41,259	41,065	42,610	44,147	38,162	42,344	45,481	47,581	49,453	50,947	53,264	52,809	51,066	49,634	49,700	48,900	47,800	46,700	48,900	50,600	49,900	49,000	50,000	49,500	26,600	29,800	29,600	29,100	28,800	28,500	28,000	27,400	24,700	23,400	19,900	19,500	18,900	17,400	17,400	17,600	3,700	13,200	13,500	14,600	15,400	15,900	16,400	18,500	19,100	20,100	21,100	21,600	21,500	20,700	20,600	20,100	2,200
Ebitda	47,767	56,946	55,350	55,513	57,400	51,081	39,642	35,958	34,840	34,780	34,124	31,855	36,540	33,359	32,396	28,979	32,849	32,797	31,396	30,688	30,996	28,146	34,325	23,891	31,612	28,318	29,104	26,120	25,905	27,771	24,753	23,583	23,712	24,541	23,825	23,420	23,561	25,803	23,751	24,784	25,839	27,110	28,271	27,588	29,554	31,366	31,823	33,632	35,607	36,515	34,779	36,549	39,670	39,736	40,131	40,053	47,368	39,790	38,133	87,822	34,738	62	24,248	53,484	47,112	51,121	51,270	52,053	52,317	52,372	51,769	53,041	53,106	54,795	52,628	40,812	35,639	42,076	40,626	41,187	40,850	41,150	42,606	42,988	44,326	45,818	40,135	43,900	48,783	49,320	51,878	53,053	55,428	55,079	52,994	51,690	51,700	51,500	50,100	49,300	51,400	52,800	52,100	51,200	53,300	51,100	29,600	30,500	30,600	29,000	29,800	29,600	28,800	30,100	25,300	24,000	20,400	20,100	19,200	18,200	18,200	18,300	4,800	13,800	14,700	15,200	16,000	16,600	17,000	19,100	19,600	20,700	21,700	22,300	22,100	21,300	21,300	20,800	19,700
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	82,044	82,996	80,582	79,702	79,186	72,133	58,778	54,855	53,379	54,600	54,824	52,030	52,903	51,375	50,658	51,197	51,159	51,049	51,427	50,568	56,764	48,254	46,892	46,003	53,408	45,220	44,810	44,501	44,254	44,543	44,888	44,824	44,630	45,707	46,077	45,558	46,087	47,108	47,701	47,656	49,712	51,199	52,334	53,491	55,756	58,516	58,962	61,408	63,423	65,110	66,227	64,934	66,949	67,000	67,703	67,939	21,046	72,657	73,713	118,320	54,760	16,038	58,604	61,944	56,035	54,796	55,225	56,540	57,069	58,276	59,653	61,594	64,141	67,216	66,189	56,141	53,067	60,650	60,335	59,762	59,539	59,684	60,226	59,763	60,731	61,012	54,742	58,516	59,037	58,379	57,483	55,926	57,142	56,393	54,566	53,931	56,300	55,000	54,200	53,800	55,400	54,500	54,200	53,900	55,400	55,100	55,000	34,300	34,800	33,700	33,200	33,600	34,200	33,900	32,800	30,900	28,100	27,900	28,100	28,700	28,700	28,900	31,700	20,400	21,300	20,800	20,400	21,300	19,900	19,100	18,700	18,800	18,700	19,100	18,800	18,800	19,200	18,600	17,900
Income Before Tax	54,848	56,946	54,743	55,042	54,096	47,366	34,149	29,980	29,467	29,903	30,533	27,124	31,894	26,772	25,904	22,233	26,950	27,016	25,866	25,385	25,044	21,249	22,915	21,789	23,866	21,106	22,314	19,886	19,677	21,655	19,659	18,966	19,126	19,534	19,181	18,831	19,534	19,892	19,744	19,783	20,125	21,641	22,342	22,014	24,723	26,447	26,813	28,574	29,959	30,927	29,118	30,811	32,637	32,870	32,808	33,108	33,754	34,706	32,447	82,397	27,695	-9,765	13,489	38,288	28,354	29,868	30,444	31,801	32,507	32,798	33,158	35,961	37,824	40,275	39,132	30,701	28,190	35,559	34,595	34,020	33,632	33,400	33,850	33,328	34,076	34,148	27,933	31,923	32,452	31,716	30,957	29,450	30,731	29,891	28,973	28,564	29,300	29,100	28,400	27,700	28,700	28,100	27,500	27,200	28,100	27,300	4,700	14,700	14,400	13,700	13,600	13,400	13,100	12,400	10,400	10,700	9,100	8,900	8,800	7,700	7,700	7,700	-7,200	5,600	5,600	5,700	5,500	4,900	3,400	4,500	4,500	4,700	4,400	4,300	4,000	3,200	3,100	2,800	2,200
Income Tax Expense	15,380	15,345	14,495	14,591	14,752	12,606	8,835	7,364	7,747	7,840	7,954	6,977	8,056	6,721	6,342	5,271	6,222	6,626	6,241	5,739	5,989	4,256	4,905	4,283	19,706	6,089	6,515	4,837	5,224	6,027	5,113	4,740	4,548	4,677	4,420	4,274	4,506	4,738	4,587	4,476	4,069	4,903	5,230	4,743	5,587	6,425	5,849	7,569	8,154	8,495	7,849	8,429	8,906	9,161	9,247	9,532	9,593	9,449	9,264	29,572	6,885	-9,809	1,287	11,510	6,522	7,846	8,093	8,231	8,550	8,561	8,664	9,844	10,225	11,081	11,218	7,968	7,024	10,464	9,951	9,706	9,324	9,327	10,179	10,316	10,820	11,271	8,586	10,264	10,681	10,391	10,199	9,026	9,990	9,746	9,306	9,338	9,800	9,800	9,500	9,300	9,900	9,700	9,400	9,100	9,800	9,600	1,900	4,700	4,700	4,200	4,200	4,300	4,200	4,000	2,800	3,500	2,700	2,600	2,800	2,300	2,300	2,600	-3,100	1,900	1,900	2,000	2,000	1,700	900	1,500	1,400	1,600	1,500	1,400	1,400	800	900	800	600
Interest Expense	44	1,133	607	471	475	487	483	480	504	492	484	475	481	466	435	442	451	455	487	494	514	527	459	459	471	473	476	480	500	523	541	552	563	585	617	659	800	846	900	898	1,024	1,176	1,219	1,252	1,331	1,382	1,472	1,559	1,855	2,071	2,153	2,303	3,065	3,096	3,145	3,534	4,302	4,500	5,745	4,833	4,592	7,438	8,386	12,828	16,483	19,145	18,816	18,111	17,483	16,988	16,285	14,512	12,519	12,028	10,746	8,357	5,952	5,042	4,597	5,515	5,764	6,288	7,409	7,737	8,534	9,999	10,229	10,421	13,029	15,865	18,496	21,497	22,533	22,918	22,093	21,070	20,400	19,800	19,400	19,000	20,200	22,500	22,400	21,800	21,900	22,200	21,900	15,100	15,200	15,400	15,200	15,100	14,900	15,000	14,300	12,700	10,800	10,600	10,100	9,700	9,700	9,900	10,900	7,600	7,900	8,900	9,900	11,000	13,000	14,000	14,600	15,400	16,700	17,300	17,500	17,500	17,500	17,300	17,500
Interest Income	71,052	72,848	70,489	69,624	69,198	60,802	47,997	43,759	43,041	43,810	44,276	42,316	42,961	41,365	41,539	39,991	39,878	39,695	39,626	39,483	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	39,468	41,601	40,248	40,451	39,344	34,760	25,314	22,616	21,720	22,063	22,579	20,147	23,838	20,051	19,562	16,962	20,728	20,390	19,625	19,646	19,055	16,993	18,010	17,506	4,160	15,017	15,799	15,049	14,453	15,628	14,546	14,226	14,578	14,857	14,761	14,557	15,028	15,154	15,157	15,307	16,056	16,738	17,112	17,271	19,136	20,022	20,964	21,005	21,805	22,432	21,269	22,382	23,731	23,709	23,561	23,576	24,161	25,257	23,183	52,825	20,810	44	12,202	26,778	21,832	22,022	22,351	23,570	23,957	24,237	24,494	26,117	27,599	29,194	27,914	22,733	21,166	25,095	24,644	24,314	24,308	24,073	23,671	23,012	23,256	22,877	19,347	21,659	21,771	21,325	20,758	20,424	20,741	20,145	19,667	19,226	19,500	19,300	18,900	18,400	18,800	18,400	18,100	18,100	18,300	17,700	2,800	10,000	9,700	9,500	9,400	9,100	8,900	8,400	7,600	7,200	6,400	6,300	6,000	5,400	5,400	5,100	-4,100	3,700	3,700	3,700	3,500	3,200	2,500	3,000	3,100	3,100	2,900	2,900	2,600	2,400	2,200	2,000	1,600
Net Income Applicable To Common Shares	0	0	40,248	40,451	39,344	34,760	25,314	22,616	21,720	22,063	22,579	20,147	23,838	20,051	19,562	16,962	20,728	20,390	19,625	19,646	19,055	16,993	18,010	17,506	4,160	15,017	15,799	15,049	14,453	15,628	14,546	14,226	14,578	14,857	14,761	14,557	15,028	15,154	15,157	15,307	16,056	16,738	17,112	17,271	19,136	20,022	20,964	21,005	21,805	22,432	21,269	22,382	23,731	23,709	23,561	23,576	23,349	23,791	22,076	52,247	20,810	45	12,202	26,778	21,832	22,023	22,351	23,570	23,957	24,238	24,494	26,117	27,125	28,885	27,721	22,310	21,166	25,095	24,644	24,314	24,308	24,072	23,671	23,012	23,255	22,877	19,347	21,659	21,771	21,325	20,759	20,424	20,741	20,145	19,667	19,226	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	39,468	41,601	40,248	40,451	39,344	34,760	25,314	22,616	21,720	22,063	22,579	20,147	23,838	20,051	19,562	16,962	20,728	20,390	19,625	19,646	19,055	16,993	18,010	17,506	4,160	15,017	15,799	15,049	14,453	15,628	14,546	14,226	14,578	14,857	14,761	14,557	15,028	15,154	15,157	15,307	16,056	16,738	17,112	17,271	19,136	20,022	20,964	21,005	21,805	22,432	21,269	22,382	0	23,709	23,561	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	69,373	71,715	69,882	69,153	68,723	60,315	47,514	43,279	42,537	43,318	43,792	41,841	42,480	40,899	41,104	39,549	39,427	39,240	39,139	38,989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26	24	14	-16	-14	-36	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,250	3,750	-2,500	625	625	0	0	0	625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	73,641	56,946	55,350	52,469	54,571	47,853	39,578	35,894	29,971	34,713	34,056	31,786	36,471	33,287	32,323	28,906	32,776	32,721	31,317	30,378	30,549	27,695	33,872	23,321	30,857	27,558	28,342	25,320	25,042	26,904	23,883	22,678	22,764	23,589	22,870	22,419	22,510	24,747	22,693	23,679	24,682	25,947	27,106	26,369	28,262	30,030	30,484	32,230	31,814	35,038	33,299	35,001	35,702	38,163	38,591	38,455	38,056	39,206	38,192	87,230	32,287	-2,327	21,875	51,116	44,837	49,013	49,260	49,912	49,990	49,786	49,443	50,473	50,343	52,303	49,878	39,058	34,142	40,601	39,192	39,535	39,396	39,688	41,259	41,065	42,610	44,147	38,162	42,344	45,481	47,581	49,453	50,947	53,264	52,809	51,066	49,634	49,700	48,900	47,800	46,700	48,900	50,600	49,900	49,000	50,000	49,500	26,600	29,800	29,600	29,100	28,800	28,500	28,000	27,400	24,700	23,400	19,900	19,500	18,900	17,400	0	17,600	3,700	13,200	13,500	14,600	15,400	15,900	16,400	18,500	19,100	20,100	21,100	21,600	21,500	20,700	20,600	20,100	19,700
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	27,196	26,050	25,232	476	1,892	582	736	736	45,424	724	830	942	47,024	669	643	389	2,465	645	481	665	3,091	621	871	785	2,161	512	410	611	3,980	1,693	758	732	2,490	746	582	548	2,346	700	577	430	3,057	730	745	635	3,216	786	902	767	4,802	1,185	32,928	29,933	31,247	950	14,649	663	17,010	913	779	888	22,473	18,365	36,729	10,828	11,198	5,783	5,965	6,628	7,079	8,490	10,210	11,121	13,798	14,913	16,311	17,083	39,912	20,049	21,143	20,227	1,886	19,996	18,967	18,698	1,770	16,865	16,580	16,172	13,556	10,798	8,030	4,979	3,878	3,584	3,500	4,297	6,600	6,100	6,400	7,100	6,500	3,900	4,300	4,900	5,400	5,600	28,400	4,500	5,200	4,600	4,400	5,100	6,200	6,500	8,100	7,500	8,200	8,400	9,200	11,300	0	11,300	28,000	7,200	7,800	6,200	5,000	5,400	3,500	600	400	1,300	2,400	2,500	2,700	1,900	1,400	1,500	1,800
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,014	3,008	2,708	3,044	2,829	3,228	64	64	65	67	68	69	4,165	6,121	6,057	6,304	5,448	5,326	5,043	4,809	5,438	6,370	10,951	1,643	7,275	6,739	6,314	5,754	5,728	5,593	4,553	4,065	4,023	4,422	4,027	3,930	3,227	5,065	3,107	4,103	4,690	4,293	4,710	4,322	3,500	3,537	3,538	3,499	3,793	3,517	3,508	3,435	3,968	3,770	4,178	3,411	9,312	584	-59	592	2,451	2,389	2,373	2,368	2,275	2,108	2,010	2,141	2,327	2,586	2,326	2,568	2,763	2,492	2,750	1,754	1,497	1,475	1,434	1,652	1,454	1,462	1,347	1,923	1,716	1,671	1,973	1,556	3,302	1,739	2,425	2,106	2,164	2,270	1,928	2,056	2,000	2,600	2,300	2,600	2,500	2,200	2,200	2,200	3,300	1,600	3,000	700	1,000	-100	1,000	1,100	800	2,700	600	600	500	600	300	1,100	800	700	1,100	600	1,200	600	600	700	600	600	500	600	600	700	600	600	700	700	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	33,964	11,820	11,828	12,067	11,482	13,745	13,835	14,357	13,793	14,242	14,522	15,055	14,650	14,878	15,224	15,423	14,658	14,933	13,090	13,108	13,055	13,415	13,186	13,351	12,652	12,816	12,981	13,070	12,439	13,063	12,887	13,117	12,398	12,761	13,696	13,338	13,086	13,639	13,926	14,126	14,340	13,826	14,064	14,403	13,555	17,222	17,365	17,129	15,660	17,406	20,727	19,594	17,078	18,936	18,938	19,452	17,537	18,833	23,047	17,426	26,922	12,621	13,065	12,984	12,366	12,587	12,622	12,568	12,405	13,080	13,559	13,258	13,055	13,621	13,624	13,160	12,595	13,054	13,332	13,526	13,182	13,495	13,598	13,698	13,373	13,844	14,281	13,863	12,850	13,471	13,272	13,321	13,122	12,942	12,865	12,337	12,700	12,500	12,600	12,900	12,600	12,600	12,700	13,200	12,700	12,600	22,000	9,600	9,600	9,400	9,300	9,800	9,600	9,900	10,400	9,400	8,200	8,400	8,500	8,900	8,900	8,500	9,700	6,900	6,900	6,700	6,700	7,100	6,300	6,300	6,100	6,100	5,700	6,400	6,500	6,700	6,400	6,700	6,300
Tax Provision	15,380	15,345	14,495	14,591	14,752	12,606	8,835	7,364	7,747	7,840	7,954	6,977	8,056	6,721	6,342	5,271	6,222	6,626	6,241	5,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,403	-26,050	-25,232	476	1,892	582	736	736	-45,424	724	830	942	-47,024	669	643	389	2,465	645	481	665	2,842	621	871	785	2,161	512	410	611	3,980	1,693	758	732	2,490	746	582	548	2,346	700	577	430	3,057	730	745	635	3,217	786	902	767	4,802	1,185	-32,928	-29,933	-31,247	950	867	663	17,010	913	779	888	-22,473	-18,365	-36,729	-10,828	-11,198	-5,783	-5,965	-6,628	-7,079	-8,490	-10,210	-11,121	-13,798	-14,913	-16,311	-17,083	-39,912	-20,049	-21,143	-20,227	1,886	-19,996	-18,967	-18,698	1,770	-16,865	-16,580	-16,172	-13,556	-10,798	-8,030	-4,979	-3,878	-3,584	-3,500	-4,297	-6,600	-6,100	-6,400	-7,100	-6,500	-3,900	-4,300	-4,900	-5,400	-5,600	-28,400	-4,500	-5,200	-4,600	-4,400	-5,100	-6,200	-6,500	-8,100	-7,500	-8,200	-8,400	-9,200	-11,300	0	-11,300	-28,000	-7,200	-7,800	-6,200	-5,000	-5,400	-3,500	-600	400	1,300	2,400	2,500	2,700	1,900	1,400	1,500	1,800
Total Other Income Expense Net	54,848	56,946	-607	2,573	-475	-487	-5,429	-5,914	-504	-4,810	-3,523	-4,662	-4,577	-6,515	-6,419	-6,673	-5,826	-5,705	-5,451	-4,993	-5,505	-6,446	-10,957	-1,532	-6,991	-6,452	-6,028	-5,434	-5,365	-5,249	-4,224	-3,712	-3,638	-4,055	-3,689	-3,588	-2,976	-4,855	-2,949	-3,896	-4,557	-4,306	-4,764	-4,355	-3,539	-3,583	-3,671	-3,656	-1,855	-4,111	-4,181	-4,190	-3,065	-5,293	-5,783	-5,347	-4,302	-4,500	-5,745	-4,833	-4,592	-7,438	-8,386	-12,828	-16,483	-19,145	-18,816	-18,111	-17,483	-16,988	-16,285	-14,512	-12,519	-12,028	-10,746	-8,357	-5,952	-5,042	-4,597	-5,515	-5,764	-6,288	-7,409	-7,737	-8,534	-9,999	-10,229	-10,421	-13,029	-15,865	-18,496	-21,497	-22,533	-22,918	-22,093	-21,070	-20,400	-19,800	-19,400	-19,000	-20,200	-22,500	-22,400	-21,800	-21,900	-22,200	-21,900	-15,100	-15,200	-15,400	-15,200	-15,100	-14,900	-15,000	-14,300	-12,700	-10,800	-10,600	-10,100	-9,700	0	-9,900	-10,900	-7,600	-7,900	-8,900	-9,900	-11,000	-13,000	-14,000	-14,600	-15,400	-16,700	-17,300	-17,500	-17,500	-17,500	-17,300	-17,500
Total Revenue	82,044	82,996	80,582	79,702	79,186	72,133	58,778	54,855	53,379	54,600	54,824	52,030	52,903	51,375	50,658	51,197	51,159	51,049	51,427	50,568	50,831	48,254	46,892	46,003	53,408	45,220	44,810	44,501	44,254	44,543	44,888	44,824	44,630	45,707	46,077	45,558	46,087	47,108	47,701	47,656	49,712	51,199	52,334	53,491	55,756	58,516	58,962	61,408	63,423	65,110	66,227	64,934	66,949	67,000	81,485	67,939	21,046	72,657	73,713	118,320	54,760	16,038	58,604	61,944	56,035	54,796	55,225	56,540	57,069	58,276	59,653	61,594	64,141	67,216	66,189	56,141	53,067	60,650	60,335	59,762	59,539	59,684	60,226	59,763	60,731	61,012	54,742	58,516	59,037	58,379	57,483	55,926	57,142	56,393	54,566	53,931	56,300	55,000	54,200	53,800	55,400	54,500	54,200	53,900	55,400	55,100	55,000	34,300	34,800	33,700	33,200	33,600	34,200	33,900	32,800	30,900	28,100	27,900	28,100	28,700	28,700	28,900	31,700	20,400	21,300	20,800	20,400	21,300	19,900	19,100	18,700	18,800	18,700	19,100	18,800	18,800	19,200	18,600	17,900

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

Gross Profit (+$)
totalRevenue	327,535
Cost of Revenue	-0
Gross Profit	327,535	327,535

Operating Income (+$)
Gross Profit	327,535
Operating Expense	-34,825
Operating Income	227,054	292,710

Operating Expense (+$)
Research Development	0
Selling General Administrative	47,871
Selling And Marketing Expenses	68,391
Operating Expense	34,825	116,262

Net Interest Income (+$)
Interest Income	282,159
Interest Expense	-120
Other Finance Cost	-2,566
Net Interest Income	279,473

Pretax Income (+$)
Operating Income	227,054
Net Interest Income	279,473
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	221,579	5,475 EBIT - interestExpense = -8,537 221,579 161,888
Interest Expense	120
Earnings Before Interest and Taxes (EBIT)	-8,417	221,699
Earnings Before Interest and Taxes (EBITDA)	-5,475

After tax Income (+$)
Income Before Tax	221,579
Tax Provision	-59,183
Net Income From Continuing Ops	161,644	162,396
Net Income	161,768
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	105,956
Total Other Income/Expenses Net	221,579	-279,473

Technical Analysis of Westamerica
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 Westamerica. The general trend of Westamerica is BEARISH with 28.6% 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 Westamerica'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 (-28.6%)		Bearish trend (28.6%)
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 Westamerica Bancorporation.

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: 45.87 < 46.57 < 48.94.

The bearish price targets are: 44.80 > 43.82 > 42.52.

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Westamerica Bancorporation 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 Westamerica Bancorporation. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

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

Westamerica Bancorporation 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 Westamerica Bancorporation. The current macd is -0.37932136.

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

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

Westamerica Bancorporation 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 Westamerica Bancorporation. The current adx is 15.50.

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 Westamerica 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.

Westamerica Bancorporation 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 Westamerica Bancorporation. The current sar is 48.05.

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

Westamerica Bancorporation 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 Westamerica Bancorporation. The current rsi is 39.27. 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.

Westamerica Bancorporation 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 Westamerica Bancorporation. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line > STOCH %D line: The STOCH %K line is 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 Westamerica price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Westamerica Bancorporation 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 Westamerica Bancorporation. The current cci is -143.86329523.

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

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

Westamerica Bancorporation 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 Westamerica Bancorporation. The current cmo is -32.45339562.

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

Westamerica Bancorporation 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 Westamerica Bancorporation. The current willr is -91.45728643.

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

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

Westamerica Bancorporation 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 Westamerica Bancorporation.

Westamerica Bancorporation 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 Westamerica Bancorporation. The current atr is 1.12026229.

Westamerica Bancorporation 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 Westamerica Bancorporation. The current obv is -4,765,809.

Westamerica Bancorporation 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 Westamerica Bancorporation. The current mfi is 46.31.

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

Westamerica Bancorporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Westamerica Bancorporation.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-30	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-12	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-27	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-29	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-11	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-16	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.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-22	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
	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).
2024-01-25	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-26	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	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
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	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).
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-09	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-12	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-16	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

Westamerica Bancorporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Westamerica Bancorporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.273
Ma 20	Greater than	Ma 50	47.278
Ma 50	Greater than	Ma 100	46.714
Ma 100	Greater than	Ma 200	49.697
Open	Greater than	Close	45.210
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Westamerica Bancorporation Buy, Hold or Sell?

Let's analyse Westamerica together

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Quick analysis of Westamerica (30 sec.)

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

$45.55

$28.97

$-7.31 - $28.00

$21.66 - $56.97

2. Growth of Westamerica (5 min.)

Is Westamerica growing?

How much money is Westamerica making?

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

3. Financial Health of Westamerica (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Westamerica

About Westamerica Bancorporation

Financial Health

Valuation

1.1. Profitability of Westamerica Bancorporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Westamerica Bancorporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Westamerica Bancorporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Westamerica Bancorporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Westamerica Bancorporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Westamerica Bancorporation
Buy, Hold or Sell?