WESCO International Inc
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Let's analyse Wesco together

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

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

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

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Quick analysis of Wesco (30 sec.)

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

How much money do you get?

$2.20

When do you have the money?

1 year

How often do you get paid?

42.5%

What is your share worth?

Current worth

$96.77

Expected worth in 1 year

$108.63

How sure are you?

87.5%

+ What do you gain per year?

Total Gains per Share

$14.06

Return On Investment

8.8%

For what price can you sell your share?

Current Price per Share

$159.16

Expected price per share

$121.72 - $192.04

How sure are you?

50%

1. Valuation of Wesco (5 min.)

Live pricePrice per Share (EOD)

$159.16

Book Value per Share

$96.77

Intrinsic Value Per Share

$-49.09 - $8.79

Total Value Per Share

$47.67 - $105.56

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.05) 3Y: ($0.52) TTM: ($1.92)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.04) 3Y: ($-0.12) TTM: ($-1.63)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.90	$3.72	$0.23 - $3.54
2	$0.06	$6.71	$-1.63 - $2.89
3	$-2.32	$9.01	$-3.48 - $2.24
4	$-6.07	$10.66	$-5.33 - $1.59
5	$-11.03	$11.70	$-7.19 - $0.94
6	$-17.04	$12.15	$-9.04 - $0.29
7	$-23.97	$12.06	$-10.90 - $-0.36
8	$-31.69	$11.44	$-12.75 - $-1.01
9	$-40.10	$10.34	$-14.60 - $-1.66
10	$-49.09	$8.79	$-16.46 - $-2.31

2. Growth of Wesco (5 min.)

Is Wesco growing?

	Current year	Previous year	Grow	Grow %
How rich?	$5b	$4.1b	$646m	13.4%

How much money is Wesco making?

	Current year	Previous year	Grow	Grow %
Making money	$191.3m	$204.3m	-$12.9m	-6.8%
Net Profit Margin	3.4%	3.8%	-	-

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

Quarterly Yearly

3. Financial Health of Wesco (5 min.)

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

Industry Rankings (Industrial Distribution)

Richest
#3 / 93

Most Revenue
#5 / 93

Most Profit
#6 / 93

Most Efficient
#50 / 93

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

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

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

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

Speculation

The Price per Share of Wesco is $159.16. 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 Wesco.
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 Wesco, 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 $96.77. Based on the TTM, the Book Value Change Per Share is $2.96 per quarter. Based on the YOY, the Book Value Change Per Share is $3.17 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 $0.55 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	2.73	1.7%	3.45	2.2%	3.84	2.4%	2.14	1.3%	1.54	1.0%
Usd Book Value Change Per Share	3.23	2.0%	2.96	1.9%	3.17	2.0%	2.74	1.7%	1.59	1.0%
Usd Dividend Per Share	0.64	0.4%	0.55	0.3%	0.27	0.2%	0.26	0.2%	0.27	0.2%
Usd Total Gains Per Share	3.87	2.4%	3.51	2.2%	3.44	2.2%	3.01	1.9%	1.86	1.2%
Usd Price Per Share	173.88	-	162.83	-	120.46	-	98.03	-	80.74	-
Price to Earnings Ratio	15.93	-	12.18	-	7.98	-	18.81	-	16.67	-
Price-to-Total Gains Ratio	44.89	-	48.35	-	42.14	-	38.48	-	113.01	-
Price to Book Ratio	1.80	-	1.76	-	1.51	-	1.37	-	1.52	-
Price-to-Total Gains Ratio	44.89	-	48.35	-	42.14	-	38.48	-	113.01	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	159.16
Number of shares	6

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.55	0.26
Usd Book Value Change Per Share	2.96	2.74
Usd Total Gains Per Share	3.51	3.01
Gains per Quarter (6 shares)	21.08	18.05
Gains per Year (6 shares)	84.34	72.19

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	13	71	74	6	66	62
2	26	142	158	13	132	134
3	40	213	242	19	197	206
4	53	285	326	25	263	278
5	66	356	410	32	329	350
6	79	427	494	38	395	422
7	92	498	578	45	461	494
8	105	569	662	51	527	566
9	119	640	746	57	592	638
10	132	711	830	64	658	710

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%	19.0	1.0	0.0	95.0%	38.0	2.0	0.0	95.0%	99.0	3.0	0.0	97.1%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	89.0	11.0	2.0	87.3%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	16.0	0.0	4.0	80.0%	17.0	0.0	23.0	42.5%	22.0	0.0	80.0	21.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	89.0	11.0	2.0	87.3%

Fundamentals of Wesco

About WESCO International Inc

https://www.wesco.com
Industrial Distribution
20000
225 West Station Square Drive, Pittsburgh, PA, United States, 15219
Google Maps Bing Maps

WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

Fundamental data was last updated by Penke on 2024-04-05 05:25:02.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Valuation

Valuation Details

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

1.1. Profitability of WESCO International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Wesco to the Industrial Distribution industry mean.
A Net Profit Margin of 2.6% means that $0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of WESCO International Inc:

The MRQ is 2.6%. The company is making a profit. +1
The TTM is 3.4%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	3.4%	-0.8%
TTM	3.4%	YOY	3.8%	-0.4%
TTM	3.4%	5Y	2.6%	+0.8%
5Y	2.6%	10Y	2.6%	+0.0%

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	3.3%	-0.7%
TTM	3.4%	3.9%	-0.5%
YOY	3.8%	4.5%	-0.7%
5Y	2.6%	3.5%	-0.9%
10Y	2.6%	3.2%	-0.6%

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

Revenue is the amount of profit Wesco 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 Wesco 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 Wesco to the Industrial Distribution industry mean.
Can be used to compare companies within the Industrial Distribution industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Wesco. If profit margins remain low (compared to the Industrial Distribution 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 Wesco is 0.03. This means that Wesco earned $0.03 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 Industrial Distribution industry is 3.3%.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco with other companies in the same industry (Industrial Distribution).
Net profit margin should rise over the years.
Can be influenced when Wesco sells assets (profit will increase while costs remain the same).
It won’t show what part of Wesco 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 Wesco

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 Wesco = 141,900
Total revenue MRQ Wesco = 5,473,400
$141,900 / $5,473,400 = 0.03 or 2.6%

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 Wesco is using its assets to generate profit.

Above 5% is considered healthy but always compare Wesco to the Industrial Distribution industry mean.
0.9% Return on Assets means that Wesco generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of WESCO International Inc:

The MRQ is 0.9%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.3%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	0.9%	TTM	1.3%	-0.3%
TTM	1.3%	YOY	1.5%	-0.2%
TTM	1.3%	5Y	1.0%	+0.3%
5Y	1.0%	10Y	1.0%	0.0%

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	0.9%	1.8%	-0.9%
TTM	1.3%	1.7%	-0.4%
YOY	1.5%	2.0%	-0.5%
5Y	1.0%	1.4%	-0.4%
10Y	1.0%	1.4%	-0.4%

Shows how efficient Wesco 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 Wesco to the Industrial Distribution 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 Wesco is using its resources to generate profit. If the return on assets (0.9%) from Wesco are higher than the Industrial Distribution mean (1.8%) that means Wesco 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 Wesco is 0.9%. 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 Industrial Distribution industry is 1.8%.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

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

Income statement
Balance sheet

Net income MRQ (income statement) from Wesco = 141,900
Total assets MRQ (balance sheet) from Wesco = 15,060,900
141,900 / 15,060,900 = 0.01 or 0.9%

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

Above 15%-20% is considered healthy but always compare Wesco to the Industrial Distribution industry mean.
2.8% Return on Equity means Wesco generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of WESCO International Inc:

The MRQ is 2.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	4.0%	-1.2%
TTM	4.0%	YOY	4.9%	-0.9%
TTM	4.0%	5Y	3.1%	+0.9%
5Y	3.1%	10Y	2.8%	+0.3%

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	4.4%	-1.6%
TTM	4.0%	4.5%	-0.5%
YOY	4.9%	5.0%	-0.1%
5Y	3.1%	3.5%	-0.4%
10Y	2.8%	3.5%	-0.7%

Shows how efficient Wesco 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 Wesco to the Industrial Distribution 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 Industrial Distribution 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 Wesco is 2.8%. This means Wesco generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Industrial Distribution industry is 4.4%.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco up to 10 years back (depending if Wesco 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 Wesco

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Wesco = 141,900
Shareholders equity (balance sheet) MRQ Wesco = 5,037,100
141,900 / 5,037,100 = 0.03 or 2.8%

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 WESCO International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Wesco is operating .

Measures how much profit Wesco 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 Wesco to the Industrial Distribution industry mean.
An Operating Margin of 5.6% means the company generated $0.06 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of WESCO International Inc:

The MRQ is 5.6%. The company is operating less efficient.
The TTM is 6.2%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	5.6%	TTM	6.2%	-0.7%
TTM	6.2%	YOY	6.7%	-0.5%
TTM	6.2%	5Y	4.9%	+1.4%
5Y	4.9%	10Y	5.0%	-0.1%

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	5.6%	7.0%	-1.4%
TTM	6.2%	6.1%	+0.1%
YOY	6.7%	6.4%	+0.3%
5Y	4.9%	4.8%	+0.1%
10Y	5.0%	4.7%	+0.3%

Measures how efficient Wesco 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 Wesco to the Industrial Distribution 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 Wesco 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 Wesco is 5.6%. This means that Wesco earned $0.06 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Industrial Distribution industry is 7.0%.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Wesco = 315,700
Total revenue MRQ Wesco = 5,473,400
$315,700 / $5,473,400 = 0.06 or 5.6%

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 Wesco is keeping operating costs low.

Below 1 is considered healthy (always compare to Industrial Distribution industry mean).
An Operation Ratio of 0.95 means that the operating costs are $0.95 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of WESCO International Inc:

The MRQ is 0.953. The company is less efficient in keeping operating costs low.
The TTM is 0.940. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.953	TTM	0.940	+0.013
TTM	0.940	YOY	0.933	+0.007
TTM	0.940	5Y	0.952	-0.012
5Y	0.952	10Y	0.952	+0.000

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	0.953	1.375	-0.422
TTM	0.940	1.112	-0.172
YOY	0.933	0.977	-0.044
5Y	0.952	1.063	-0.111
10Y	0.952	1.069	-0.117

Measures how efficient Wesco 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 Wesco to the Industrial Distribution 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 Wesco is 95.3%. This means that Wesco earned $0.95 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 Industrial Distribution industry is 1.38.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

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
(4,302,600 +915,000) \ 5,473,400 = 0.95

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 WESCO International Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Industrial Distribution industry mean).
A Current Ratio of 2.48 means the company has $2.48 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of WESCO International Inc:

The MRQ is 2.477. The company is able to pay all its short-term debts. +1
The TTM is 2.404. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.477	TTM	2.404	+0.072
TTM	2.404	YOY	2.155	+0.249
TTM	2.404	5Y	2.220	+0.184
5Y	2.220	10Y	2.264	-0.044

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	2.477	1.846	+0.631
TTM	2.404	1.848	+0.556
YOY	2.155	1.758	+0.397
5Y	2.220	1.731	+0.489
10Y	2.264	1.747	+0.517

Measures if Wesco 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 Industrial Distribution 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 Wesco 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 Wesco is 2.48. This means Wesco has $2.48 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Industrial Distribution industry is 1.85.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
8,391,600 \ 3,388,400) = 2.48

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

Above 1 is considered healthy but always compare Wesco to the Industrial Distribution industry mean.
A Quick Ratio of 1.36 means the company can pay off $1.36 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of WESCO International Inc:

The MRQ is 1.356. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.241. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.356	TTM	1.241	+0.115
TTM	1.241	YOY	1.081	+0.160
TTM	1.241	5Y	1.162	+0.079
5Y	1.162	10Y	1.211	-0.049

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	1.356	0.741	+0.615
TTM	1.241	0.803	+0.438
YOY	1.081	0.794	+0.287
5Y	1.162	0.830	+0.332
10Y	1.211	0.879	+0.332

1.4. Solvency of WESCO International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Wesco to Industrial Distribution industry mean.
A Debt to Asset Ratio of 0.67 means that Wesco assets are financed with 66.6% credit (debt) and the remaining percentage (100% - 66.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of WESCO International Inc:

The MRQ is 0.666. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.680. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.666	TTM	0.680	-0.014
TTM	0.680	YOY	0.701	-0.021
TTM	0.680	5Y	0.669	+0.011
5Y	0.669	10Y	0.623	+0.046

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	0.666	0.548	+0.118
TTM	0.680	0.542	+0.138
YOY	0.701	0.552	+0.149
5Y	0.669	0.558	+0.111
10Y	0.623	0.555	+0.068

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Wesco to Industrial Distribution 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 Wesco is 0.67. This means means that Wesco is financed with 66.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Industrial Distribution industry is 184.6%.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Wesco

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

Balance sheet
Debt to asset ratio = total debt \ total assets
10,029,000 \ 15,060,900 = 66.6% or 0.67.

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

Below 2 is considered healthy but always compare Wesco to the Industrial Distribution industry mean.
A Debt to Equity ratio of 199.1% means that company has $1.99 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of WESCO International Inc:

The MRQ is 1.991. The company is just able to pay all its debts with equity.
The TTM is 2.130. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.991	TTM	2.130	-0.139
TTM	2.130	YOY	2.346	-0.216
TTM	2.130	5Y	2.115	+0.015
5Y	2.115	10Y	1.747	+0.368

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
MRQ	1.991	1.261	+0.730
TTM	2.130	1.231	+0.899
YOY	2.346	1.303	+1.043
5Y	2.115	1.414	+0.701
10Y	1.747	1.381	+0.366

Measures if Wesco 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 Wesco 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 Wesco is 1.99. This means that Wesco can pay off $1.99 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Industrial Distribution industry is 1.26.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
10,029,000 \ 5,037,100 = 1.99 or 199.1%

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 WESCO International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Wesco to the Industrial Distribution industry mean.
A PE ratio of 15.93 means the investor is paying $15.93 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of WESCO International Inc:

The EOD is 14.581. Based on the earnings, the company is underpriced. +1
The MRQ is 15.930. Based on the earnings, the company is fair priced.
The TTM is 12.182. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	14.581	MRQ	15.930	-1.349
MRQ	15.930	TTM	12.182	+3.748
TTM	12.182	YOY	7.980	+4.202
TTM	12.182	5Y	18.806	-6.624
5Y	18.806	10Y	16.668	+2.138

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
EOD	14.581	13.416	+1.165
MRQ	15.930	13.984	+1.946
TTM	12.182	11.627	+0.555
YOY	7.980	13.348	-5.368
5Y	18.806	15.954	+2.852
10Y	16.668	16.414	+0.254

Measures how much money you pay for each share for every $1 in earnings Wesco 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 Wesco to the Industrial Distribution 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 Wesco is 15.93. This means the investor is paying $15.93 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Industrial Distribution industry is 13.98.
What is the trend?
The trend is important because it shows you how Wesco is performing over time. The most recent quarter might be important if Wesco 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 Wesco 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 Wesco

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 \ 52,000 = EPS
PE ratio MRQ = 15.93

* 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 WESCO International Inc:

The EOD is 50.963. Based on how much money comes from the company's main activities, the company is overpriced. -1
The MRQ is 55.676. Based on how much money comes from the company's main activities, the company is overpriced. -1
The TTM is 15.448. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	50.963	MRQ	55.676	-4.713
MRQ	55.676	TTM	15.448	+40.228
TTM	15.448	YOY	-6.462	+21.911
TTM	15.448	5Y	3.999	+11.450
5Y	3.999	10Y	0.993	+3.005

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
EOD	50.963	6.135	+44.828
MRQ	55.676	6.503	+49.173
TTM	15.448	7.062	+8.386
YOY	-6.462	2.132	-8.594
5Y	3.999	5.074	-1.075
10Y	0.993	5.017	-4.024

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Industrial Distribution industry mean).
A PB ratio of 1.80 means the investor is paying $1.80 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of WESCO International Inc:

The EOD is 1.645. Based on the equity, the company is underpriced. +1
The MRQ is 1.797. Based on the equity, the company is underpriced. +1
The TTM is 1.764. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.645	MRQ	1.797	-0.152
MRQ	1.797	TTM	1.764	+0.033
TTM	1.764	YOY	1.510	+0.254
TTM	1.764	5Y	1.366	+0.398
5Y	1.366	10Y	1.516	-0.150

Compared to industry (Industrial Distribution)

Period	Company	Industry (mean)	+/-
EOD	1.645	1.274	+0.371
MRQ	1.797	1.336	+0.461
TTM	1.764	1.356	+0.408
YOY	1.510	1.489	+0.021
5Y	1.366	1.524	-0.158
10Y	1.516	1.846	-0.330

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding WESCO International Inc

Institutions are holding 95.666% of the shares of WESCO International Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	LEONARD GREEN PARTNERS LP	12.5744	18.2564	6407098	0	0
2023-09-30	Vanguard Group Inc	9.5276	0.0172	4854656	-44275	-0.9038
2023-12-31	BlackRock Inc	7.8384	0.0177	3993934	-70913	-1.7445
2023-09-30	Boston Partners Global Investors, Inc	4.9265	0.4976	2510235	123177	5.1602
2023-12-31	Peconic Partners LLC	4.809	20.4532	2450348	0	0
2023-12-31	Dimensional Fund Advisors, Inc.	3.4864	0.0902	1776451	-67615	-3.6666
2023-12-31	Amvescap Plc.	2.9725	0.0627	1514593	315781	26.3412
2023-12-31	Diamond Hill Capital Management Inc	2.887	1.1239	1471005	-43113	-2.8474
2023-09-30	JPMorgan Chase & Co	2.6528	0.0215	1351710	152775	12.7426
2023-09-30	State Street Corporation	2.4516	0.01	1249175	-12032	-0.954
2023-09-30	FMR Inc	2.3869	0.0151	1216230	-86861	-6.6658
2023-12-31	Artisan Partners Limited Partnership	1.9146	0.2612	975547	157482	19.2505
2023-09-30	Nuveen Asset Management, LLC	1.8286	0.0472	931751	-101669	-9.8381
2023-09-30	GMT Capital Corp	1.7887	4.9326	911400	-54200	-5.6131
2023-09-30	Macquarie Group Ltd	1.7848	0.1643	909404	-14952	-1.6176
2023-12-31	Newsouth Capital Management Inc	1.4833	5.7306	755801	-27471	-3.5072
2023-09-30	Geode Capital Management, LLC	1.3081	0.0114	666529	9057	1.3775
2023-12-31	Principal Financial Group Inc	1.3046	0.0737	664745	-1293	-0.1941
2023-09-30	Morgan Stanley - Brokerage Accounts	1.1724	0.0087	597361	58918	10.9423
2023-12-31	Third Point, LLC	0.9813	1.3097	500000	-125000	-20
Total		70.0795	53.1049	35707973	+167796	+0.5%

3.2. Funds holding WESCO International Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1543	0.0155	1607236	-3444	-0.2138
2024-02-29	iShares Core S&P Mid-Cap ETF	2.6243	0.248	1337182	-3845	-0.2867
2024-02-29	Vanguard Small Cap Index	2.5841	0.14	1316690	12358	0.9475
2024-02-29	Vanguard Small Cap Value Index Inv	1.7627	0.2525	898164	4679	0.5237
2024-02-29	Diamond Hill Small-Mid Cap Equity	1.5518	5.0252	790693	-6718	-0.8425
2024-01-31	JHancock Disciplined Value I	1.379	0.9222	702643	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.2751	0.0952	649732	3288	0.5086
2024-02-29	Diamond Hill Small-Mid Cap I	1.0656	5.0719	542942	-6537	-1.1897
2023-12-31	Lyrical U.S. Value Equity - CS	0.7723	2.1336	393521	106887	37.2904
2024-01-31	DFA US Targeted Value I	0.7039	0.4826	358650	0	0
2023-12-31	Lyrical U.S. Value Equity – EQ	0.6903	3.304	351741	57507	19.5446
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.6885	0.2494	350831	1320	0.3777
2024-01-31	Invesco Small Cap Value A	0.6726	1.5681	342700	0	0
2024-01-31	Fidelity Value	0.671	0.67	341900	-9700	-2.7588
2024-02-29	Diamond Hill Mid Cap Equity	0.642	4.6153	327140	-640	-0.1953
2024-01-31	DFA US Small Cap Value I	0.6331	0.3698	322578	-28521	-8.1233
2023-09-30	JPM Large Cap Value - MA	0.6069	1.2987	309213	309213	0
2024-01-31	Invesco Value Opportunities A	0.5986	1.7028	305000	-7600	-2.4312
2024-01-31	CREF Stock R1	0.5974	0.0448	304378	-29476	-8.829
2024-01-31	Invesco Global Opportunities A	0.5709	1.4195	290914	107534	58.64
Total		23.2444	29.6291	11843848	+506305	+4.3%

3.3. Insider Transactions

Insiders are holding 1.172% of the shares of WESCO International Inc.

Date	Owner	Type	Amount	Price
2024-03-11	James Cameron	SELL	5352	156.39
2024-02-08	Nelson John Squires Iii	SELL	3490	190
2023-11-29	Hemant Porwal	SELL	13000	154.12
2023-08-09	Easwaran Sundaram	SELL	1052	152.83
2023-06-30	Nelson John Squires Iii	SELL	3490	180
2023-06-28	Nelson John Squires Iii	SELL	3491	175
2023-06-08	James Cameron	SELL	7687	153.47

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	3.233	2.965	+9%	3.166	+2%	2.743	+18%	1.590	+103%
Book Value Per Share	-	-	96.767	92.333	+5%	79.902	+21%	68.412	+41%	53.459	+81%
Current Ratio	-	-	2.477	2.404	+3%	2.155	+15%	2.220	+12%	2.264	+9%
Debt To Asset Ratio	-	-	0.666	0.680	-2%	0.701	-5%	0.669	0%	0.623	+7%
Debt To Equity Ratio	-	-	1.991	2.130	-7%	2.346	-15%	2.115	-6%	1.747	+14%
Dividend Per Share	-	-	0.640	0.549	+17%	0.274	+133%	0.265	+142%	0.265	+141%
Eps	-	-	2.729	3.454	-21%	3.837	-29%	2.138	+28%	1.543	+77%
Free Cash Flow Per Share	-	-	0.781	1.923	-59%	-0.427	+155%	0.967	-19%	1.049	-26%
Free Cash Flow To Equity Per Share	-	-	-2.113	-0.015	-99%	2.365	-189%	4.145	-151%	2.219	-195%
Gross Profit Margin	-	-	6.467	1.536	+321%	0.171	+3688%	0.094	+6765%	0.547	+1083%
Intrinsic Value_10Y_max	-	-	8.789	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-49.095	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.720	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.898	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	9.013	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-2.324	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	11.698	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-11.027	-	-	-	-	-	-	-	-
Market Cap	8109774976.000	-11%	9041760000.000	8511314500.000	+6%	6301516200.000	+43%	5095041228.500	+77%	4184929072.250	+116%
Net Profit Margin	-	-	0.026	0.034	-24%	0.038	-32%	0.026	0%	0.026	+1%
Operating Margin	-	-	0.056	0.062	-10%	0.067	-17%	0.049	+15%	0.050	+12%
Operating Ratio	-	-	0.953	0.940	+1%	0.933	+2%	0.952	+0%	0.952	+0%
Pb Ratio	1.645	-9%	1.797	1.764	+2%	1.510	+19%	1.366	+32%	1.516	+19%
Pe Ratio	14.581	-9%	15.930	12.182	+31%	7.980	+100%	18.806	-15%	16.668	-4%
Price Per Share	159.160	-9%	173.880	162.825	+7%	120.455	+44%	98.034	+77%	80.737	+115%
Price To Free Cash Flow Ratio	50.963	-9%	55.676	15.448	+260%	-6.462	+112%	3.999	+1292%	0.993	+5506%
Price To Total Gains Ratio	41.093	-9%	44.893	48.351	-7%	42.140	+7%	38.478	+17%	113.015	-60%
Quick Ratio	-	-	1.356	1.241	+9%	1.081	+25%	1.162	+17%	1.211	+12%
Return On Assets	-	-	0.009	0.013	-26%	0.015	-35%	0.010	-7%	0.010	-8%
Return On Equity	-	-	0.028	0.040	-29%	0.049	-42%	0.031	-9%	0.028	+1%
Total Gains Per Share	-	-	3.873	3.514	+10%	3.440	+13%	3.008	+29%	1.855	+109%
Usd Book Value	-	-	5031900000.000	4826100000.000	+4%	4180075750.000	+20%	3546807800.000	+42%	2763835525.000	+82%
Usd Book Value Change Per Share	-	-	3.233	2.965	+9%	3.166	+2%	2.743	+18%	1.590	+103%
Usd Book Value Per Share	-	-	96.767	92.333	+5%	79.902	+21%	68.412	+41%	53.459	+81%
Usd Dividend Per Share	-	-	0.640	0.549	+17%	0.274	+133%	0.265	+142%	0.265	+141%
Usd Eps	-	-	2.729	3.454	-21%	3.837	-29%	2.138	+28%	1.543	+77%
Usd Free Cash Flow	-	-	40600000.000	100225000.000	-59%	-22093500.000	+154%	49623900.000	-18%	53870050.000	-25%
Usd Free Cash Flow Per Share	-	-	0.781	1.923	-59%	-0.427	+155%	0.967	-19%	1.049	-26%
Usd Free Cash Flow To Equity Per Share	-	-	-2.113	-0.015	-99%	2.365	-189%	4.145	-151%	2.219	-195%
Usd Market Cap	8109774976.000	-11%	9041760000.000	8511314500.000	+6%	6301516200.000	+43%	5095041228.500	+77%	4184929072.250	+116%
Usd Price Per Share	159.160	-9%	173.880	162.825	+7%	120.455	+44%	98.034	+77%	80.737	+115%
Usd Profit	-	-	141900000.000	191375000.000	-26%	204305000.000	-31%	118607850.000	+20%	83781000.000	+69%
Usd Revenue	-	-	5473400000.000	5596300000.000	-2%	5355029000.000	+2%	4135389200.000	+32%	3032686725.000	+80%
Usd Total Gains Per Share	-	-	3.873	3.514	+10%	3.440	+13%	3.008	+29%	1.855	+109%
	EOD	+4 -4	MRQ	TTM	+17 -19	YOY	+22 -14	5Y	+24 -12	10Y	+23 -13

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	14.581
Price to Book Ratio (EOD)	Between	0-1	1.645
Net Profit Margin (MRQ)	Greater than	0	0.026
Operating Margin (MRQ)	Greater than	0	0.056
Quick Ratio (MRQ)	Greater than	1	1.356
Current Ratio (MRQ)	Greater than	1	2.477
Debt to Asset Ratio (MRQ)	Less than	1	0.666
Debt to Equity Ratio (MRQ)	Less than	1	1.991
Return on Equity (MRQ)	Greater than	0.15	0.028
Return on Assets (MRQ)	Greater than	0.05	0.009
Total			6/10 (60.0%)

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.
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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.301
Ma 20	Greater than	Ma 50	165.154
Ma 50	Greater than	Ma 100	159.213
Ma 100	Greater than	Ma 200	165.768
Open	Greater than	Close	157.260
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.
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Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Total Other Income Expense Net		-91,272	-13,828	-105,100	104,300	-800	-2,900	-3,700	53,100	49,400

Latest Balance Sheet

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

Summary

Total Assets	15,060,900
Total Liabilities	10,029,000
Total Stockholder Equity	5,037,100

	As reported
Total Liabilities	10,029,000
Total Stockholder Equity	+ 5,037,100
Total Assets	= 15,060,900

Assets

Total Assets	15,060,900
Total Current Assets	8,391,600
Long-term Assets	6,669,300

Total Current Assets

Total Current Assets (as reported)	8,391,600
Cash And Cash Equivalents	524,100
Net Receivables	4,070,000
Inventory	3,572,100
Other Current Assets	225,400
Total Current Assets (calculated)	8,391,600
+/-	0

Long-term Assets

Long-term Assets (as reported)	6,669,300
Property Plant Equipment	1,184,800
Goodwill	3,262,300
Intangible Assets	1,857,600
Long-term Assets Other	322,300
Long-term Assets (calculated)	6,627,000
+/-	42,300

Liabilities & Shareholders' Equity

Total Current Liabilities	3,388,400
Long-term Liabilities	6,640,600
Total Stockholder Equity	5,037,100

Total Current Liabilities

Total Current Liabilities (as reported)	3,388,400
Short-term Debt	8,600
Short Long Term Debt	8,600
Accounts payable	2,431,500
Other Current Liabilities	756,600
Total Current Liabilities (calculated)	3,205,300
+/-	183,100

Long-term Liabilities

Long-term Liabilities (as reported)	6,640,600
Long term Debt	5,313,100
Capital Lease Obligations	641,700
Long-term Liabilities Other	233,900
Long-term Liabilities (calculated)	6,188,700
+/-	451,900

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,037,100
Common Stock	700
Retained Earnings	4,391,700
Accumulated Other Comprehensive Income	-332,000
Other Stockholders Equity	976,700
Total Stockholder Equity (calculated)	5,037,100
+/-	0

Other

Capital Stock	700
Cash and Short Term Investments	524,100
Common Stock Shares Outstanding	52,000
Current Deferred Revenue	191,700
Liabilities and Stockholders Equity	15,060,900
Net Debt	5,439,300
Net Invested Capital	10,358,800
Net Working Capital	5,003,200
Property Plant and Equipment Gross	1,687,300
Short Long Term Debt Total	5,963,400

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

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

> Total Assets

0
950,500
994,900
1,089,800
1,052,000
1,028,800
1,121,212
1,152,211
1,143,427
1,170,033
1,170,033
1,173,586
1,158,395
1,157,958
1,116,077
1,104,154
1,091,468
1,015,118
1,075,105
1,098,016
1,153,483
1,161,205
1,223,068
1,184,384
1,233,383
1,356,855
1,279,526
1,279,543
1,738,844
1,651,159
1,684,733
1,765,934
1,868,099
2,823,983
2,788,263
2,840,849
2,879,931
2,859,887
2,790,142
2,899,186
2,920,895
2,720,977
2,572,702
2,519,500
2,498,700
2,494,193
2,539,153
2,521,300
2,635,300
2,826,774
2,952,500
3,025,900
3,067,400
3,078,452
3,147,200
3,186,700
3,420,000
4,615,000
4,669,300
4,635,700
4,679,500
4,618,300
4,688,800
4,929,100
4,905,500
4,754,437
4,612,400
4,726,400
4,642,500
4,587,500
4,690,800
4,692,700
4,609,300
4,490,900
4,511,300
4,623,700
4,764,400
4,735,500
4,713,300
4,715,000
4,778,800
4,605,000
4,984,700
5,067,900
5,047,411
5,017,635
5,230,956
11,732,014
11,868,339
11,880,214
11,878,270
12,299,079
12,481,018
12,617,699
13,185,033
13,863,266
14,080,564
14,811,686
14,971,200
15,162,700
15,168,600
15,060,900

15,060,900

15,168,600

15,162,700

14,971,200

14,811,686

14,080,564

13,863,266

13,185,033

12,617,699

12,481,018

12,299,079

11,878,270

11,880,214

11,868,339

11,732,014

5,230,956

5,017,635

5,047,411

5,067,900

4,984,700

4,605,000

4,778,800

4,715,000

4,713,300

4,735,500

4,764,400

4,623,700

4,511,300

4,490,900

4,609,300

4,692,700

4,690,800

4,587,500

4,642,500

4,726,400

4,612,400

4,754,437

4,905,500

4,929,100

4,688,800

4,618,300

4,679,500

4,635,700

4,669,300

4,615,000

3,420,000

3,186,700

3,147,200

3,078,452

3,067,400

3,025,900

2,952,500

2,826,774

2,635,300

2,521,300

2,539,153

2,494,193

2,498,700

2,519,500

2,572,702

2,720,977

2,920,895

2,899,186

2,790,142

2,859,887

2,879,931

2,840,849

2,788,263

2,823,983

1,868,099

1,765,934

1,684,733

1,651,159

1,738,844

1,279,543

1,279,526

1,356,855

1,233,383

1,184,384

1,223,068

1,161,205

1,153,483

1,098,016

1,075,105

1,015,118

1,091,468

1,104,154

1,116,077

1,157,958

1,158,395

1,173,586

1,170,033

1,143,427

1,152,211

1,121,212

1,028,800

1,052,000

1,089,800

994,900

950,500

> Total Current Assets

0
582,100
608,700
707,600
674,300
653,800
731,590
762,822
754,087
764,225
764,225
733,311
723,978
718,035
677,859
667,700
653,502
577,057
636,890
670,105
683,277
656,288
718,637
686,092
732,987
854,916
779,565
777,521
1,013,280
908,863
938,824
1,017,571
1,120,212
1,618,012
1,617,519
1,670,473
1,713,397
1,680,499
1,637,155
1,743,017
1,765,993
1,557,663
1,432,936
1,379,700
1,357,800
1,331,004
1,391,482
1,404,500
1,517,800
1,513,686
1,633,700
1,704,700
1,761,800
1,737,420
1,794,400
1,836,200
1,905,900
2,087,200
2,176,700
2,194,700
2,218,700
2,198,500
2,248,500
2,408,600
2,450,100
2,350,338
2,313,500
2,368,100
2,366,100
2,257,600
2,274,400
2,306,700
2,243,800
2,172,400
2,203,400
2,305,600
2,410,100
2,408,900
2,418,700
2,447,000
2,506,500
2,385,600
2,513,800
2,584,800
2,578,480
2,540,411
2,777,478
5,438,386
5,597,450
5,506,626
5,575,140
5,995,747
6,215,496
6,350,111
6,878,969
7,606,475
7,897,087
8,330,539
8,448,100
8,583,400
8,611,400
8,391,600

8,391,600

8,611,400

8,583,400

8,448,100

8,330,539

7,897,087

7,606,475

6,878,969

6,350,111

6,215,496

5,995,747

5,575,140

5,506,626

5,597,450

5,438,386

2,777,478

2,540,411

2,578,480

2,584,800

2,513,800

2,385,600

2,506,500

2,447,000

2,418,700

2,408,900

2,410,100

2,305,600

2,203,400

2,172,400

2,243,800

2,306,700

2,274,400

2,257,600

2,366,100

2,368,100

2,313,500

2,350,338

2,450,100

2,408,600

2,248,500

2,198,500

2,218,700

2,194,700

2,176,700

2,087,200

1,905,900

1,836,200

1,794,400

1,737,420

1,761,800

1,704,700

1,633,700

1,513,686

1,517,800

1,404,500

1,391,482

1,331,004

1,357,800

1,379,700

1,432,936

1,557,663

1,765,993

1,743,017

1,637,155

1,680,499

1,713,397

1,670,473

1,617,519

1,618,012

1,120,212

1,017,571

938,824

908,863

1,013,280

777,521

779,565

854,916

732,987

686,092

718,637

656,288

683,277

670,105

636,890

577,057

653,502

667,700

677,859

718,035

723,978

733,311

764,225

754,087

762,822

731,590

653,800

674,300

707,600

608,700

582,100

Cash And Cash Equivalents

0
8,100
28,000
41,300
31,800
8,800
38,635
17,239
18,064
21,079
21,079
4,891
2,960
75,057
28,661
24,471
25,767
22,570
31,385
33,205
30,324
27,495
13,800
9,419
19,247
34,523
18,765
15,021
60,866
22,125
30,350
37,823
59,273
73,395
55,369
65,038
64,498
72,297
94,432
115,532
103,270
86,338
105,135
103,300
111,300
112,329
121,074
95,800
103,100
53,577
52,400
78,600
94,000
63,869
63,600
72,200
107,600
86,100
116,800
104,500
98,600
123,700
96,400
101,600
110,400
128,319
154,400
174,300
132,900
160,300
147,800
160,300
112,800
110,100
103,000
87,800
94,100
118,000
123,900
110,900
142,800
96,300
106,100
87,200
138,160
150,902
342,560
265,222
352,249
449,135
303,887
287,891
251,799
212,583
201,474
236,792
234,083
527,348
349,100
529,000
631,400
524,100

524,100

631,400

529,000

349,100

527,348

234,083

236,792

201,474

212,583

251,799

287,891

303,887

449,135

352,249

265,222

342,560

150,902

138,160

87,200

106,100

96,300

142,800

110,900

123,900

118,000

94,100

87,800

103,000

110,100

112,800

160,300

147,800

160,300

132,900

174,300

154,400

128,319

110,400

101,600

96,400

123,700

98,600

104,500

116,800

86,100

107,600

72,200

63,600

63,869

94,000

78,600

52,400

53,577

103,100

95,800

121,074

112,329

111,300

103,300

105,135

86,338

103,270

115,532

94,432

72,297

64,498

65,038

55,369

73,395

59,273

37,823

30,350

22,125

60,866

15,021

18,765

34,523

19,247

9,419

13,800

27,495

30,324

33,205

31,385

22,570

25,767

24,471

28,661

75,057

2,960

4,891

21,079

18,064

17,239

38,635

8,800

31,800

41,300

28,000

8,100

Net Receivables

0
211,100
212,200
261,400
231,700
230,800
263,511
294,437
284,768
302,304
302,304
266,207
284,021
247,976
261,973
262,229
256,590
208,273
257,723
286,640
316,964
298,440
346,554
286,634
321,306
419,683
354,384
357,719
478,300
364,643
379,201
418,580
492,157
906,989
929,504
946,121
973,595
928,090
913,144
967,744
995,787
852,775
753,979
680,500
663,400
696,697
748,704
731,300
796,400
848,050
885,400
920,800
950,400
995,070
1,006,400
1,014,000
1,020,400
1,036,200
1,094,300
1,101,800
1,116,000
1,045,100
1,105,300
1,186,100
1,218,800
1,312,327
1,082,200
1,124,900
1,149,700
1,075,300
1,091,500
1,118,000
1,102,100
1,034,400
1,060,600
1,145,000
1,236,600
1,170,100
1,205,000
1,257,300
1,265,900
1,166,600
1,268,600
1,355,500
1,315,026
1,187,359
1,214,331
2,454,262
2,492,248
2,466,903
2,809,701
2,842,187
2,955,632
2,957,613
3,283,522
3,635,840
3,622,067
3,662,663
3,807,400
3,850,700
3,795,000
4,070,000

4,070,000

3,795,000

3,850,700

3,807,400

3,662,663

3,622,067

3,635,840

3,283,522

2,957,613

2,955,632

2,842,187

2,809,701

2,466,903

2,492,248

2,454,262

1,214,331

1,187,359

1,315,026

1,355,500

1,268,600

1,166,600

1,265,900

1,257,300

1,205,000

1,170,100

1,236,600

1,145,000

1,060,600

1,034,400

1,102,100

1,118,000

1,091,500

1,075,300

1,149,700

1,124,900

1,082,200

1,312,327

1,218,800

1,186,100

1,105,300

1,045,100

1,116,000

1,101,800

1,094,300

1,036,200

1,020,400

1,014,000

1,006,400

995,070

950,400

920,800

885,400

848,050

796,400

731,300

748,704

696,697

663,400

680,500

753,979

852,775

995,787

967,744

913,144

928,090

973,595

946,121

929,504

906,989

492,157

418,580

379,201

364,643

478,300

357,719

354,384

419,683

321,306

286,634

346,554

298,440

316,964

286,640

257,723

208,273

256,590

262,229

261,973

247,976

284,021

266,207

302,304

284,768

294,437

263,511

230,800

231,700

261,400

212,200

211,100

Other Current Assets

0
19,100
19,400
19,600
23,600
16,500
15,409
15,239
16,543
19,759
19,759
7,984
20,390
14,980
14,445
15,220
10,811
7,433
11,274
12,354
12,381
9,378
9,137
10,456
10,569
13,371
7,627
14,682
17,234
21,297
21,343
24,919
26,538
24,059
26,529
24,478
27,157
14,085
14,298
13,295
12,328
12,872
12,752
79,200
87,800
14,763
14,647
45,900
66,300
23,211
64,800
71,200
86,000
51,514
89,700
98,200
115,100
170,900
173,200
149,100
180,600
197,700
193,800
226,900
239,700
90,190
226,000
185,200
205,400
203,400
191,000
197,300
196,400
206,500
189,700
206,500
154,400
164,700
140,300
143,600
171,000
174,000
137,700
138,000
163,297
190,476
270,066
350,075
395,319
426,971
171,099
429,147
438,267
513,696
512,717
568,015
550,816
641,704
562,100
619,400
643,600
225,400

225,400

643,600

619,400

562,100

641,704

550,816

568,015

512,717

513,696

438,267

429,147

171,099

426,971

395,319

350,075

270,066

190,476

163,297

138,000

137,700

174,000

171,000

143,600

140,300

164,700

154,400

206,500

189,700

206,500

196,400

197,300

191,000

203,400

205,400

185,200

226,000

90,190

239,700

226,900

193,800

197,700

180,600

149,100

173,200

170,900

115,100

98,200

89,700

51,514

86,000

71,200

64,800

23,211

66,300

45,900

14,647

14,763

87,800

79,200

12,752

12,872

12,328

13,295

14,298

14,085

27,157

24,478

26,529

24,059

26,538

24,919

21,343

21,297

17,234

14,682

7,627

13,371

10,569

10,456

9,137

9,378

12,381

12,354

11,274

7,433

10,811

15,220

14,445

14,980

20,390

7,984

19,759

16,543

15,239

15,409

16,500

23,600

19,600

19,400

19,100

> Long-term Assets

0
368,400
386,200
382,200
377,700
375,000
389,622
389,389
389,340
405,808
405,808
440,275
434,417
439,923
438,218
436,454
437,966
438,061
438,215
427,911
470,206
504,917
504,431
498,292
500,396
501,939
499,961
502,022
725,564
742,296
745,909
748,363
747,887
1,205,971
1,170,744
1,170,376
1,166,534
1,179,388
1,152,987
1,156,169
1,154,902
1,163,314
1,139,766
1,139,800
1,140,900
1,163,189
1,147,671
1,116,800
1,117,500
1,313,088
1,318,800
1,321,200
1,305,600
1,341,032
1,352,800
1,350,500
1,514,100
2,527,800
2,492,600
2,441,000
2,460,800
2,419,800
2,440,300
2,520,500
2,455,400
2,404,099
2,298,900
2,358,300
2,276,400
2,329,900
2,416,400
2,386,000
2,365,500
2,318,500
2,307,900
2,318,100
2,354,300
2,326,600
2,294,600
2,268,000
2,272,300
2,219,400
2,470,900
2,483,100
2,468,931
2,477,224
2,453,478
6,293,628
6,270,889
6,373,588
6,303,130
6,303,332
6,265,522
6,267,588
6,306,064
6,256,791
6,183,477
6,481,147
6,523,100
6,579,300
6,557,200
6,669,300

6,669,300

6,557,200

6,579,300

6,523,100

6,481,147

6,183,477

6,256,791

6,306,064

6,267,588

6,265,522

6,303,332

6,303,130

6,373,588

6,270,889

6,293,628

2,453,478

2,477,224

2,468,931

2,483,100

2,470,900

2,219,400

2,272,300

2,268,000

2,294,600

2,326,600

2,354,300

2,318,100

2,307,900

2,318,500

2,365,500

2,386,000

2,416,400

2,329,900

2,276,400

2,358,300

2,298,900

2,404,099

2,455,400

2,520,500

2,440,300

2,419,800

2,460,800

2,441,000

2,492,600

2,527,800

1,514,100

1,350,500

1,352,800

1,341,032

1,305,600

1,321,200

1,318,800

1,313,088

1,117,500

1,116,800

1,147,671

1,163,189

1,140,900

1,139,800

1,139,766

1,163,314

1,154,902

1,156,169

1,152,987

1,179,388

1,166,534

1,170,376

1,170,744

1,205,971

747,887

748,363

745,909

742,296

725,564

502,022

499,961

501,939

500,396

498,292

504,431

504,917

470,206

427,911

438,215

438,061

437,966

436,454

438,218

439,923

434,417

440,275

405,808

389,340

389,389

389,622

375,000

377,700

382,200

386,200

368,400

Property Plant Equipment

0
109,600
112,400
109,100
113,400
116,600
117,973
119,109
121,081
123,477
123,477
124,278
121,829
120,599
116,685
114,654
111,530
110,174
106,881
104,302
101,322
98,937
96,479
93,997
92,132
94,742
93,467
94,963
103,179
103,083
103,569
104,373
104,771
107,016
104,715
104,906
104,676
104,119
110,505
113,470
116,381
119,223
116,859
117,166
117,705
116,309
114,615
114,355
114,364
118,045
120,023
126,288
129,482
133,550
134,455
137,199
140,998
210,723
207,166
198,930
201,905
198,654
195,263
199,951
191,393
182,725
173,878
180,049
171,789
166,739
167,539
163,857
160,915
157,607
156,588
155,203
157,591
156,445
156,364
157,492
157,129
160,878
399,677
405,762
411,711
417,282
455,599
952,834
940,364
933,862
910,551
894,745
909,988
909,875
941,331
940,514
947,242
1,027,756
1,062,200
1,093,000
1,107,600
1,184,800

1,184,800

1,107,600

1,093,000

1,062,200

1,027,756

947,242

940,514

941,331

909,875

909,988

894,745

910,551

933,862

940,364

952,834

455,599

417,282

411,711

405,762

399,677

160,878

157,129

157,492

156,364

156,445

157,591

155,203

156,588

157,607

160,915

163,857

167,539

166,739

171,789

180,049

173,878

182,725

191,393

199,951

195,263

198,654

201,905

198,930

207,166

210,723

140,998

137,199

134,455

133,550

129,482

126,288

120,023

118,045

114,364

114,355

114,615

116,309

117,705

117,166

116,859

119,223

116,381

113,470

110,505

104,119

104,676

104,906

104,715

107,016

104,771

104,373

103,569

103,083

103,179

94,963

93,467

94,742

92,132

93,997

96,479

98,937

101,322

104,302

106,881

110,174

111,530

114,654

116,685

120,599

121,829

124,278

123,477

121,081

119,109

117,973

116,600

113,400

109,100

112,400

109,600

Goodwill

0
234,000
0
0
0
0
0
0
0
0
0
0
0
311,073
311,073
311,804
311,791
314,078
314,739
314,262
359,260
398,673
398,656
398,009
401,638
401,610
401,591
401,575
557,957
542,217
547,724
550,830
550,338
931,229
902,540
905,742
906,492
924,358
855,833
857,839
857,760
862,778
863,010
863,173
863,339
863,410
866,002
876,873
876,533
985,714
991,838
992,637
987,358
1,008,127
1,022,726
1,021,106
1,127,001
1,777,797
1,762,914
1,741,407
1,762,331
1,734,391
1,752,112
1,790,853
1,759,833
1,735,440
1,675,581
1,713,118
1,666,218
1,681,662
1,762,693
1,740,156
1,735,662
1,720,714
1,725,547
1,741,540
1,776,918
1,771,877
1,755,679
1,744,694
1,755,292
1,722,603
1,740,771
1,752,800
1,746,071
1,759,040
1,717,963
3,107,256
3,118,818
3,187,169
3,199,494
3,223,511
3,201,688
3,208,333
3,222,538
3,190,677
3,123,430
3,240,931
3,244,800
3,266,600
3,237,700
3,262,300

3,262,300

3,237,700

3,266,600

3,244,800

3,240,931

3,123,430

3,190,677

3,222,538

3,208,333

3,201,688

3,223,511

3,199,494

3,187,169

3,118,818

3,107,256

1,717,963

1,759,040

1,746,071

1,752,800

1,740,771

1,722,603

1,755,292

1,744,694

1,755,679

1,771,877

1,776,918

1,741,540

1,725,547

1,720,714

1,735,662

1,740,156

1,762,693

1,681,662

1,666,218

1,713,118

1,675,581

1,735,440

1,759,833

1,790,853

1,752,112

1,734,391

1,762,331

1,741,407

1,762,914

1,777,797

1,127,001

1,021,106

1,022,726

1,008,127

987,358

992,637

991,838

985,714

876,533

876,873

866,002

863,410

863,339

863,173

863,010

862,778

857,760

857,839

855,833

924,358

906,492

905,742

902,540

931,229

550,338

550,830

547,724

542,217

557,957

401,575

401,591

401,610

401,638

398,009

398,656

398,673

359,260

314,262

314,739

314,078

311,791

311,804

311,073

234,000

Intangible Assets

0
0
247,200
252,300
252,300
249,200
262,796
261,868
260,073
277,763
277,763
310,745
307,225
311,073
311,393
311,804
311,791
314,078
314,739
314,262
359,260
398,673
398,656
398,009
401,638
401,610
401,591
401,575
608,652
626,109
81,987
81,082
79,134
147,550
144,007
140,618
137,181
133,791
94,271
92,425
90,578
88,689
86,774
84,984
83,146
81,308
79,467
77,625
75,790
160,307
156,886
153,452
150,018
156,874
154,130
150,964
204,572
496,761
481,750
461,552
457,621
439,167
449,180
475,708
452,140
429,840
398,673
415,327
388,988
403,649
421,716
420,147
407,401
393,362
385,304
380,426
378,153
367,104
353,298
340,579
334,026
316,016
310,453
304,392
293,493
287,275
267,628
2,095,480
2,078,468
2,065,495
2,045,992
2,020,538
1,977,841
1,944,141
1,922,265
1,888,911
1,853,451
1,943,400
1,921,500
1,902,000
1,874,900
1,857,600

1,857,600

1,874,900

1,902,000

1,921,500

1,943,400

1,853,451

1,888,911

1,922,265

1,944,141

1,977,841

2,020,538

2,045,992

2,065,495

2,078,468

2,095,480

267,628

287,275

293,493

304,392

310,453

316,016

334,026

340,579

353,298

367,104

378,153

380,426

385,304

393,362

407,401

420,147

421,716

403,649

388,988

415,327

398,673

429,840

452,140

475,708

449,180

439,167

457,621

461,552

481,750

496,761

204,572

150,964

154,130

156,874

150,018

153,452

156,886

160,307

75,790

77,625

79,467

81,308

83,146

84,984

86,774

88,689

90,578

92,425

94,271

133,791

137,181

140,618

144,007

147,550

79,134

81,082

81,987

626,109

608,652

401,575

401,591

401,610

401,638

398,009

398,656

398,673

359,260

314,262

314,739

314,078

311,791

311,804

311,393

311,073

307,225

310,745

277,763

260,073

261,868

262,796

249,200

252,300

247,200

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
269,582
278,916
294,638
0
0
0
0
0
0
0
0
0
0
0
0
0

294,638

278,916

269,582

Other Assets

0
0
0
0
0
0
271,649
270,280
268,259
282,331
315,829
315,997
312,588
319,324
321,533
321,800
326,436
327,887
331,334
323,609
368,884
405,980
407,952
404,295
408,264
407,197
406,494
407,059
622,385
639,213
642,340
643,990
643,116
1,098,955
1,066,029
1,065,470
1,061,858
1,075,269
1,042,482
1,042,699
1,038,521
1,044,091
1,022,907
1,022,628
1,023,184
1,046,880
1,033,056
1,002,497
1,003,083
1,195,043
1,198,757
1,194,910
1,176,054
1,207,482
1,218,340
1,213,337
1,373,071
2,317,069
2,285,384
2,242,108
2,258,896
2,219,913
2,255,907
2,320,640
2,264,038
2,221,374
2,125,041
2,178,268
2,104,630
2,163,152
2,248,847
2,222,182
2,204,611
2,160,920
2,151,301
2,162,923
2,196,750
2,170,174
29,301
25,281
25,845
19,899
19,987
20,118
17,656
13,627
2,453,478
138,058
133,239
1,120,924
147,093
164,538
1,085,993
1,115,114
219,930
1,177,203
1,206,596
1,296,816
294,600
1,410,700
337,000
0

337,000

1,410,700

294,600

1,296,816

1,206,596

1,177,203

219,930

1,115,114

1,085,993

164,538

147,093

1,120,924

133,239

138,058

2,453,478

13,627

17,656

20,118

19,987

19,899

25,845

25,281

29,301

2,170,174

2,196,750

2,162,923

2,151,301

2,160,920

2,204,611

2,222,182

2,248,847

2,163,152

2,104,630

2,178,268

2,125,041

2,221,374

2,264,038

2,320,640

2,255,907

2,219,913

2,258,896

2,242,108

2,285,384

2,317,069

1,373,071

1,213,337

1,218,340

1,207,482

1,176,054

1,194,910

1,198,757

1,195,043

1,003,083

1,002,497

1,033,056

1,046,880

1,023,184

1,022,628

1,022,907

1,044,091

1,038,521

1,042,699

1,042,482

1,075,269

1,061,858

1,065,470

1,066,029

1,098,955

643,116

643,990

642,340

639,213

622,385

407,059

406,494

407,197

408,264

404,295

407,952

405,980

368,884

323,609

331,334

327,887

326,436

321,800

321,533

319,324

312,588

315,997

315,829

282,331

268,259

270,280

271,649

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
35,707
37,655
35,887
37,380
36,803
25,230
18,090
17,412
18,025
17,926
1,342
0
0
0
1,733
0
0
0
22,414
0
0
0
18,221
0
0
0
15,803
0
0
0
24,203
0
0
0
16,374
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

16,374

24,203

15,803

18,221

22,414

1,733

1,342

17,926

18,025

17,412

18,090

25,230

36,803

37,380

35,887

37,655

35,707

> Total Liabilities

0
1,093,100
1,112,700
989,700
937,900
911,500
1,009,890
1,032,538
1,014,960
1,045,046
1,045,046
1,037,322
1,017,773
1,013,307
967,409
947,022
926,928
845,830
898,072
909,276
957,776
993,517
1,042,866
982,978
1,005,152
1,003,302
904,493
873,800
1,299,220
1,159,709
1,137,040
1,136,132
1,172,918
2,060,756
2,165,070
2,281,749
2,308,138
2,251,411
2,161,503
2,229,758
2,203,879
1,988,981
1,797,007
1,697,900
1,537,300
1,497,904
1,511,908
1,470,000
1,540,000
1,678,180
1,753,300
1,772,600
1,783,900
1,732,542
1,736,000
1,718,200
1,875,500
3,039,000
3,051,900
2,993,100
2,941,200
2,853,600
2,915,200
3,039,600
2,996,900
2,826,272
2,775,100
2,860,500
2,882,700
2,813,600
2,797,300
2,750,100
2,616,700
2,480,900
2,453,800
2,528,600
2,657,200
2,619,400
2,580,400
2,549,200
2,547,000
2,469,600
2,788,300
2,933,100
2,860,701
2,758,964
3,028,830
8,631,613
8,655,115
8,543,825
8,478,567
8,774,078
8,899,201
8,841,488
9,217,555
9,751,959
9,888,618
10,362,114
10,381,500
10,362,400
10,286,100
10,029,000

10,029,000

10,286,100

10,362,400

10,381,500

10,362,114

9,888,618

9,751,959

9,217,555

8,841,488

8,899,201

8,774,078

8,478,567

8,543,825

8,655,115

8,631,613

3,028,830

2,758,964

2,860,701

2,933,100

2,788,300

2,469,600

2,547,000

2,549,200

2,580,400

2,619,400

2,657,200

2,528,600

2,453,800

2,480,900

2,616,700

2,750,100

2,797,300

2,813,600

2,882,700

2,860,500

2,775,100

2,826,272

2,996,900

3,039,600

2,915,200

2,853,600

2,941,200

2,993,100

3,051,900

3,039,000

1,875,500

1,718,200

1,736,000

1,732,542

1,783,900

1,772,600

1,753,300

1,678,180

1,540,000

1,470,000

1,511,908

1,497,904

1,537,300

1,697,900

1,797,007

1,988,981

2,203,879

2,229,758

2,161,503

2,251,411

2,308,138

2,281,749

2,165,070

2,060,756

1,172,918

1,136,132

1,137,040

1,159,709

1,299,220

873,800

904,493

1,003,302

1,005,152

982,978

1,042,866

993,517

957,776

909,276

898,072

845,830

926,928

947,022

967,409

1,013,307

1,017,773

1,037,322

1,045,046

1,014,960

1,032,538

1,009,890

911,500

937,900

989,700

1,112,700

1,093,100

> Total Current Liabilities

0
466,500
504,100
486,000
486,900
454,800
535,327
550,211
522,732
523,842
523,842
557,208
483,753
529,479
428,931
429,208
440,122
398,475
420,915
431,143
478,042
479,710
526,079
534,949
565,417
564,245
583,235
573,472
877,875
719,886
698,856
698,554
734,506
1,153,672
1,243,585
1,290,101
1,362,284
1,291,925
1,274,560
1,344,095
1,411,010
1,006,009
876,877
600,200
609,200
680,834
749,848
767,100
834,900
708,233
806,800
776,600
822,700
845,846
878,200
894,500
910,000
964,900
1,038,800
1,041,100
1,036,800
1,043,800
1,074,800
1,114,300
1,126,700
1,063,872
1,039,100
1,011,800
1,016,800
947,800
983,300
970,900
960,000
896,800
920,100
964,400
1,043,400
1,041,000
1,021,600
1,025,900
1,051,500
1,061,900
1,150,700
1,124,800
1,104,524
1,084,059
1,040,505
2,301,726
2,540,935
2,986,457
2,726,011
3,301,956
3,138,099
3,049,808
3,262,133
3,592,834
3,567,572
3,817,347
3,538,900
3,581,700
3,653,600
3,388,400

3,388,400

3,653,600

3,581,700

3,538,900

3,817,347

3,567,572

3,592,834

3,262,133

3,049,808

3,138,099

3,301,956

2,726,011

2,986,457

2,540,935

2,301,726

1,040,505

1,084,059

1,104,524

1,124,800

1,150,700

1,061,900

1,051,500

1,025,900

1,021,600

1,041,000

1,043,400

964,400

920,100

896,800

960,000

970,900

983,300

947,800

1,016,800

1,011,800

1,039,100

1,063,872

1,126,700

1,114,300

1,074,800

1,043,800

1,036,800

1,041,100

1,038,800

964,900

910,000

894,500

878,200

845,846

822,700

776,600

806,800

708,233

834,900

767,100

749,848

680,834

609,200

600,200

876,877

1,006,009

1,411,010

1,344,095

1,274,560

1,291,925

1,362,284

1,290,101

1,243,585

1,153,672

734,506

698,554

698,856

719,886

877,875

573,472

583,235

564,245

565,417

534,949

526,079

479,710

478,042

431,143

420,915

398,475

440,122

429,208

428,931

529,479

483,753

557,208

523,842

522,732

550,211

535,327

454,800

486,900

486,000

504,100

466,500

Short-term Debt

0
0
12,200
2,400
2,400
3,800
3,861
4,417
2,160
585
585
1,530
1,530
5,530
5,530
5,530
5,530
5,778
6,067
6,084
2,102
2,120
2,146
32,165
31,184
31,413
31,432
21,452
219,166
55,020
31,789
5,663
22,979
424,260
491,355
529,336
561,288
563,924
532,793
502,730
527,765
329,190
267,266
25,052
3,900
126,168
121,545
96,000
96,700
31,578
4,800
4,800
5,200
53,900
15,200
21,400
25,000
32,800
40,100
43,500
42,000
40,100
45,200
47,400
45,400
85,178
51,900
49,200
46,600
44,300
49,500
44,700
36,800
22,100
29,300
25,200
40,900
35,300
42,900
36,700
32,300
56,200
28,500
27,600
25,899
26,685
24,476
27,696
28,844
528,830
20,802
366,965
19,292
9,528
70,263
70,628
69,295
70,471
7,600
9,200
14,700
8,600

8,600

14,700

9,200

7,600

70,471

69,295

70,628

70,263

9,528

19,292

366,965

20,802

528,830

28,844

27,696

24,476

26,685

25,899

27,600

28,500

56,200

32,300

36,700

42,900

35,300

40,900

25,200

29,300

22,100

36,800

44,700

49,500

44,300

46,600

49,200

51,900

85,178

45,400

47,400

45,200

40,100

42,000

43,500

40,100

32,800

25,000

21,400

15,200

53,900

5,200

4,800

31,578

96,700

96,000

121,545

126,168

3,900

25,052

267,266

329,190

527,765

502,730

532,793

563,924

561,288

529,336

491,355

424,260

22,979

5,663

31,789

55,020

219,166

21,452

31,432

31,413

31,184

32,165

2,146

2,120

2,102

6,084

6,067

5,778

5,530

1,530

585

2,160

4,417

3,861

3,800

2,400

12,200

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
2,343
0
0
0
1,025
49,489
44,733
36,782
1,218
29,281
1,389,270
1,213
1,224
1,210
1,188
1,179
25,429
50,927
60,106
44,673
44,706
38,427
27,696
28,844
528,830
20,802
366,965
19,292
9,528
70,263
70,628
69,295
70,471
7,600
9,200
14,700
8,600

8,600

14,700

9,200

7,600

70,471

69,295

70,628

70,263

9,528

19,292

366,965

20,802

528,830

28,844

27,696

38,427

44,706

44,673

60,106

50,927

25,429

1,179

1,188

1,210

1,224

1,213

1,389,270

29,281

1,218

36,782

44,733

49,489

1,025

2,343

Accounts payable

0
378,600
397,100
441,500
435,800
407,000
480,782
487,586
461,116
460,535
460,535
512,786
430,256
469,107
364,925
379,399
389,709
346,513
366,990
374,601
381,449
366,380
434,863
443,782
454,672
455,821
488,728
494,156
574,170
572,467
575,661
610,816
605,919
590,304
646,551
664,602
680,075
626,293
638,821
712,801
742,903
571,832
524,261
487,500
494,800
453,154
534,515
540,700
574,900
537,505
650,400
624,200
646,600
642,777
699,300
707,100
693,200
706,600
745,000
754,100
754,000
735,100
781,800
794,500
842,800
765,135
771,900
770,600
787,600
715,500
734,900
712,900
699,500
684,700
712,400
769,000
838,400
799,500
805,400
818,200
813,400
794,300
870,200
868,600
849,584
830,478
804,330
1,660,094
1,830,877
1,707,329
1,955,365
2,192,782
2,246,454
2,140,251
2,341,137
2,652,306
2,578,741
2,728,195
2,648,300
2,662,700
2,650,000
2,431,500

2,431,500

2,650,000

2,662,700

2,648,300

2,728,195

2,578,741

2,652,306

2,341,137

2,140,251

2,246,454

2,192,782

1,955,365

1,707,329

1,830,877

1,660,094

804,330

830,478

849,584

868,600

870,200

794,300

813,400

818,200

805,400

799,500

838,400

769,000

712,400

684,700

699,500

712,900

734,900

715,500

787,600

770,600

771,900

765,135

842,800

794,500

781,800

735,100

754,000

754,100

745,000

706,600

693,200

707,100

699,300

642,777

646,600

624,200

650,400

537,505

574,900

540,700

534,515

453,154

494,800

487,500

524,261

571,832

742,903

712,801

638,821

626,293

680,075

664,602

646,551

590,304

605,919

610,816

575,661

572,467

574,170

494,156

488,728

455,821

454,672

443,782

434,863

366,380

381,449

374,601

366,990

346,513

389,709

379,399

364,925

469,107

430,256

512,786

460,535

461,116

487,586

480,782

407,000

435,800

441,500

397,100

378,600

Other Current Liabilities

0
87,900
94,800
42,100
48,700
44,000
50,684
58,208
59,456
62,722
62,722
14,966
36,016
38,362
48,637
31,518
28,410
23,040
31,440
28,642
68,937
61,721
68,475
32,879
47,249
73,091
35,844
31,157
47,311
79,000
56,588
44,955
54,290
124,117
64,487
59,364
76,220
97,682
66,121
88,915
90,950
102,130
50,271
112,700
110,500
99,826
59,697
130,400
163,300
67,626
151,600
147,600
170,900
72,254
163,700
166,000
191,800
225,500
253,700
243,500
240,800
268,600
247,800
272,400
238,500
145,624
215,300
192,000
182,600
188,000
198,900
213,300
223,700
190,000
178,400
170,200
164,100
206,200
173,300
171,000
205,800
195,026
252,000
228,600
229,041
215,648
64,722
613,936
681,214
712,602
592,346
742,209
872,353
865,838
850,733
430,425
476,291
984,526
770,800
805,000
898,200
756,600

756,600

898,200

805,000

770,800

984,526

476,291

430,425

850,733

865,838

872,353

742,209

592,346

712,602

681,214

613,936

64,722

215,648

229,041

228,600

252,000

195,026

205,800

171,000

173,300

206,200

164,100

170,200

178,400

190,000

223,700

213,300

198,900

188,000

182,600

192,000

215,300

145,624

238,500

272,400

247,800

268,600

240,800

243,500

253,700

225,500

191,800

166,000

163,700

72,254

170,900

147,600

151,600

67,626

163,300

130,400

59,697

99,826

110,500

112,700

50,271

102,130

90,950

88,915

66,121

97,682

76,220

59,364

64,487

124,117

54,290

44,955

56,588

79,000

47,311

31,157

35,844

73,091

47,249

32,879

68,475

61,721

68,937

28,642

31,440

23,040

28,410

31,518

48,637

38,362

36,016

14,966

62,722

59,456

58,208

50,684

44,000

48,700

42,100

94,800

87,900

> Long-term Liabilities

0
626,600
608,600
503,700
451,000
456,700
474,563
482,327
492,228
521,204
521,204
480,114
534,020
483,828
538,478
517,814
486,806
447,355
477,157
478,133
479,734
513,807
516,787
448,029
439,735
439,057
321,258
300,328
421,345
439,823
438,184
437,578
438,412
907,084
921,485
991,648
945,854
959,486
886,943
885,663
792,869
982,972
920,130
1,097,700
928,100
817,070
762,060
702,900
705,100
969,947
946,500
996,000
961,200
886,696
857,800
823,700
965,500
2,074,100
2,013,100
1,952,000
1,904,400
1,809,800
1,840,400
1,925,300
1,870,200
1,762,400
1,736,000
1,848,700
1,865,900
1,865,800
1,814,000
1,779,200
1,656,700
1,584,100
1,533,700
1,564,200
1,613,800
1,578,400
1,558,800
1,523,300
1,495,500
1,407,700
1,637,600
1,808,300
1,756,177
1,674,905
1,988,325
6,329,887
6,114,180
5,557,368
5,752,556
5,472,122
5,761,102
5,791,680
5,955,422
6,159,125
6,321,046
6,544,767
6,842,600
6,780,700
6,632,500
6,640,600

6,640,600

6,632,500

6,780,700

6,842,600

6,544,767

6,321,046

6,159,125

5,955,422

5,791,680

5,761,102

5,472,122

5,752,556

5,557,368

6,114,180

6,329,887

1,988,325

1,674,905

1,756,177

1,808,300

1,637,600

1,407,700

1,495,500

1,523,300

1,558,800

1,578,400

1,613,800

1,564,200

1,533,700

1,584,100

1,656,700

1,779,200

1,814,000

1,865,800

1,865,900

1,848,700

1,736,000

1,762,400

1,870,200

1,925,300

1,840,400

1,809,800

1,904,400

1,952,000

2,013,100

2,074,100

965,500

823,700

857,800

886,696

961,200

996,000

946,500

969,947

705,100

702,900

762,060

817,070

928,100

1,097,700

920,130

982,972

792,869

885,663

886,943

959,486

945,854

991,648

921,485

907,084

438,412

437,578

438,184

439,823

421,345

300,328

321,258

439,057

439,735

448,029

516,787

513,807

479,734

478,133

477,157

447,355

486,806

517,814

538,478

483,828

534,020

480,114

521,204

492,228

482,327

474,563

456,700

451,000

503,700

608,600

626,600

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
483,812
483,646
725,893
703,339
753,590
725,669
642,922
603,328
562,750
696,758
1,695,413
1,634,813
1,572,415
1,535,464
1,447,634
1,457,586
1,520,960
1,471,774
1,366,430
1,336,881
1,436,802
1,454,705
1,456,761
1,391,227
1,360,658
1,418,708
1,363,135
1,309,800
1,334,542
1,368,301
1,313,261
1,292,094
1,261,705
1,229,314
1,167,311
1,214,276
1,399,486
1,346,333
1,257,067
1,542,602
5,068,549
4,878,124
4,369,953
4,592,734
4,303,124
4,565,772
4,701,542
4,836,658
5,039,857
5,192,816
5,345,973
5,595,100
5,523,100
5,378,300
0

5,378,300

5,523,100

5,595,100

5,345,973

5,192,816

5,039,857

4,836,658

4,701,542

4,565,772

4,303,124

4,592,734

4,369,953

4,878,124

5,068,549

1,542,602

1,257,067

1,346,333

1,399,486

1,214,276

1,167,311

1,229,314

1,261,705

1,292,094

1,313,261

1,368,301

1,334,542

1,309,800

1,363,135

1,418,708

1,360,658

1,391,227

1,456,761

1,454,705

1,436,802

1,336,881

1,366,430

1,471,774

1,520,960

1,457,586

1,447,634

1,535,464

1,572,415

1,634,813

1,695,413

696,758

562,750

603,328

642,922

725,669

753,590

703,339

725,893

483,646

483,812

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
35,707
37,655
35,887
37,380
36,803
25,230
18,090
17,412
18,025
17,926
1,342
0
0
0
1,733
0
0
0
22,414
0
0
0
18,221
0
0
0
15,803
0
0
0
24,203
0
0
0
16,374
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

16,374

24,203

15,803

18,221

22,414

1,733

1,342

17,926

18,025

17,412

18,090

25,230

36,803

37,380

35,887

37,655

35,707

Other Liabilities

0
0
0
0
0
0
7,600
7,437
7,645
6,823
7,989
8,143
7,871
10,086
8,068
6,282
6,160
5,684
5,186
5,567
21,068
59,614
59,894
10,357
9,071
9,930
10,438
9,841
11,163
13,853
13,894
11,337
12,396
13,520
26,387
27,882
28,293
30,091
29,739
30,158
28,571
20,585
23,299
25,585
27,643
28,133
28,138
28,639
30,693
33,178
30,996
21,521
19,849
20,769
24,356
24,592
24,495
72,060
72,718
70,489
52,169
43,471
42,882
44,013
48,541
49,227
49,387
51,733
49,501
44,154
54,020
56,548
56,800
63,031
63,426
63,928
65,811
128,237
266,704
261,617
266,112
246,053
244,672
230,888
227,800
238,008
445,723
831,065
816,338
1,187,415
760,064
777,390
1,195,330
1,090,138
672,897
1,119,268
1,128,230
688,361
707,000
698,300
678,800
0

678,800

698,300

707,000

688,361

1,128,230

1,119,268

672,897

1,090,138

1,195,330

777,390

760,064

1,187,415

816,338

831,065

445,723

238,008

227,800

230,888

244,672

246,053

266,112

261,617

266,704

128,237

65,811

63,928

63,426

63,031

56,800

56,548

54,020

44,154

49,501

51,733

49,387

49,227

48,541

44,013

42,882

43,471

52,169

70,489

72,718

72,060

24,495

24,592

24,356

20,769

19,849

21,521

30,996

33,178

30,693

28,639

28,138

28,133

27,643

25,585

23,299

20,585

28,571

30,158

29,739

30,091

28,293

27,882

26,387

13,520

12,396

11,337

13,894

13,853

11,163

9,841

10,438

9,930

9,071

10,357

59,894

59,614

21,068

5,567

5,186

5,684

6,160

6,282

8,068

10,086

7,871

8,143

7,989

6,823

7,645

7,437

7,600

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
190,486
190,779
210,876
212,201
220,923
215,658
223,005
230,167
236,374
244,175
300,470
305,616
309,129
316,702
316,623
350,870
360,290
349,827
346,743
349,682
360,178
361,678
364,838
368,797
361,949
181,230
158,009
160,471
165,689
179,630
136,858
138,767
140,498
147,048
143,967
145,501
147,306
147,832
0
146,977
537,557
523,958
488,261
474,274
488,710
485,548
437,444
434,651
439,475
443,245
460,746
472,100
477,300
0
0

477,300

472,100

460,746

443,245

439,475

434,651

437,444

485,548

488,710

474,274

488,261

523,958

537,557

146,977

147,832

147,306

145,501

143,967

147,048

140,498

138,767

136,858

179,630

165,689

160,471

158,009

181,230

361,949

368,797

364,838

361,678

360,178

349,682

346,743

349,827

360,290

350,870

316,623

316,702

309,129

305,616

300,470

244,175

236,374

230,167

223,005

215,658

220,923

212,201

210,876

190,779

190,486

> Total Stockholder Equity

0
-142,600
-117,800
100,100
114,100
117,300
111,322
119,673
128,467
124,987
124,987
136,264
140,622
144,651
148,668
157,132
164,540
169,288
177,033
188,740
195,707
167,688
180,202
201,406
228,231
353,553
375,033
405,743
439,624
491,450
547,693
629,802
695,181
763,227
623,193
559,100
571,793
608,476
628,639
669,428
717,016
731,996
775,695
821,600
961,400
996,289
1,027,245
1,051,300
1,095,300
1,148,594
1,199,200
1,253,300
1,283,500
1,345,998
1,411,200
1,468,500
1,544,500
1,576,000
1,617,400
1,642,600
1,738,300
1,764,700
1,773,600
1,889,500
1,908,600
1,928,652
1,837,300
1,865,900
1,759,800
1,773,900
1,893,500
1,942,600
1,992,600
2,010,000
2,057,500
2,095,100
2,107,200
2,116,100
2,132,900
2,165,800
2,231,800
2,135,400
2,196,400
2,134,800
2,186,710
2,258,671
2,202,126
3,100,401
3,213,224
3,336,389
3,407,060
3,525,001
3,581,817
3,776,211
3,967,478
4,111,307
4,191,946
4,449,572
4,589,700
4,800,300
4,882,500
5,037,100

5,037,100

4,882,500

4,800,300

4,589,700

4,449,572

4,191,946

4,111,307

3,967,478

3,776,211

3,581,817

3,525,001

3,407,060

3,336,389

3,213,224

3,100,401

2,202,126

2,258,671

2,186,710

2,134,800

2,196,400

2,135,400

2,231,800

2,165,800

2,132,900

2,116,100

2,107,200

2,095,100

2,057,500

2,010,000

1,992,600

1,942,600

1,893,500

1,773,900

1,759,800

1,865,900

1,837,300

1,928,652

1,908,600

1,889,500

1,773,600

1,764,700

1,738,300

1,642,600

1,617,400

1,576,000

1,544,500

1,468,500

1,411,200

1,345,998

1,283,500

1,253,300

1,199,200

1,148,594

1,095,300

1,051,300

1,027,245

996,289

961,400

821,600

775,695

731,996

717,016

669,428

628,639

608,476

571,793

559,100

623,193

763,227

695,181

629,802

547,693

491,450

439,624

405,743

375,033

353,553

228,231

201,406

180,202

167,688

195,707

188,740

177,033

169,288

164,540

157,132

148,668

144,651

140,622

136,264

124,987

128,467

119,673

111,322

117,300

114,100

100,100

-117,800

-142,600

Common Stock

0
300
0
0
400
500
481
485
486
487
487
489
488
489
490
491
491
491
491
491
491
493
497
501
505
548
553
554
556
561
567
574
576
581
588
589
589
589
592
599
599
600
601
601
601
603
603
603
604
609
610
612
612
614
615
617
618
622
623
622
623
624
626
627
627
627
628
629
629
629
629
629
631
631
633
633
633
634
634
634
635
635
636
636
636
636
637
719
719
719
721
723
724
725
727
737
728
728
700
700
700
700

700

728

737

727

725

724

723

721

719

637

636

635

634

633

631

629

628

627

626

624

623

622

623

622

618

617

615

614

612

610

609

604

603

601

600

599

592

589

588

581

576

574

567

561

556

554

553

548

505

501

497

493

491

490

489

488

489

487

486

485

481

500

400

300

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
629,193
662,853
697,676
734,981
783,050
836,940
891,789
944,767
1,003,641
1,066,216
1,092,719
1,176,708
1,241,987
1,310,393
1,368,386
1,419,919
1,488,722
1,569,531
1,643,914
1,690,808
1,742,549
1,806,052
1,854,456
1,890,967
1,940,767
1,909,189
1,956,532
1,994,617
2,044,719
2,056,961
2,079,697
2,124,535
2,182,484
2,249,327
2,307,462
2,349,300
2,412,768
2,477,259
0
2,565,597
2,529,842
2,596,022
2,601,662
2,645,871
2,750,665
2,851,747
3,004,690
3,163,445
3,370,936
3,590,688
3,794,965
3,933,000
4,093,400
0
0

4,093,400

3,933,000

3,794,965

3,590,688

3,370,936

3,163,445

3,004,690

2,851,747

2,750,665

2,645,871

2,601,662

2,596,022

2,529,842

2,565,597

2,477,259

2,412,768

2,349,300

2,307,462

2,249,327

2,182,484

2,124,535

2,079,697

2,056,961

2,044,719

1,994,617

1,956,532

1,909,189

1,940,767

1,890,967

1,854,456

1,806,052

1,742,549

1,690,808

1,643,914

1,569,531

1,488,722

1,419,919

1,368,386

1,310,393

1,241,987

1,176,708

1,092,719

1,066,216

1,003,641

944,767

891,789

836,940

783,050

734,981

697,676

662,853

629,193

Accumulated Other Comprehensive Income

0
-2,800
-26,900
-26,900
-800
-700
-719
-1,083
-1,232
-55,984
-1,238
-1,450
-1,894
-2,064
-2,113
127
-1,508
-1,489
1,401
5,721
4,049
5,704
5,344
3,686
6,810
9,847
9,291
9,042
12,442
13,635
13,774
16,543
16,629
14,530
14,533
22,292
23,884
25,832
19,075
21,399
13,882
-18,338
-24,344
-8,333
3,062
10,985
18,389
10,811
16,712
22,633
30,619
32,359
5,948
10,057
19,247
13,702
24,354
-1,044
-24,525
-68,874
-44,255
-76,543
-123,043
-80,020
-143,814
-201,892
-315,706
-290,164
-385,526
-423,155
-340,901
-342,666
-356,659
-387,365
-375,545
-342,164
-295,622
-312,590
-341,390
-370,105
-349,619
-408,435
-385,918
-365,674
-382,530
-367,772
-461,623
-418,889
-377,461
-263,134
-246,293
-225,074
-275,351
-236,035
-204,395
-283,768
-430,500
-377,751
-360,700
-319,500
-384,000
-332,000

-332,000

-384,000

-319,500

-360,700

-377,751

-430,500

-283,768

-204,395

-236,035

-275,351

-225,074

-246,293

-263,134

-377,461

-418,889

-461,623

-367,772

-382,530

-365,674

-385,918

-408,435

-349,619

-370,105

-341,390

-312,590

-295,622

-342,164

-375,545

-387,365

-356,659

-342,666

-340,901

-423,155

-385,526

-290,164

-315,706

-201,892

-143,814

-80,020

-123,043

-76,543

-44,255

-68,874

-24,525

-1,044

24,354

13,702

19,247

10,057

5,948

32,359

30,619

22,633

16,712

10,811

18,389

10,985

3,062

-8,333

-24,344

-18,338

13,882

21,399

19,075

25,832

23,884

22,292

14,533

14,530

16,629

16,543

13,774

13,635

12,442

9,042

9,291

9,847

6,810

3,686

5,344

5,704

4,049

5,721

1,401

-1,489

-1,508

127

-2,113

-2,064

-1,894

-1,450

-1,238

-55,984

-1,232

-1,083

-719

-700

-800

-26,900

-2,800

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,001,211
1,005,730
1,018,683
1,024,303
1,028,750
1,031,747
1,036,867
1,042,620
1,049,523
1,053,493
1,065,550
1,070,043
1,074,860
1,078,817
1,082,772
1,090,627
1,095,866
1,098,458
1,102,369
1,100,068
1,110,716
1,114,299
1,117,421
1,118,869
1,119,940
984,856
986,020
987,909
991,750
995,670
999,156
1,001,794
1,005,897
1,006,222
993,666
1,015,563
998,218
1,034,888
1,039,347
1,041,637
1,933,241
1,939,101
1,942,810
1,946,517
1,953,653
1,961,369
1,969,332
1,970,401
1,985,967
1,993,709
2,005,442
2,003,300
2,015,500
2,023,900
0

2,023,900

2,015,500

2,003,300

2,005,442

1,993,709

1,985,967

1,970,401

1,969,332

1,961,369

1,953,653

1,946,517

1,942,810

1,939,101

1,933,241

1,041,637

1,039,347

1,034,888

998,218

1,015,563

993,666

1,006,222

1,005,897

1,001,794

999,156

995,670

991,750

987,909

986,020

984,856

1,119,940

1,118,869

1,117,421

1,114,299

1,110,716

1,100,068

1,102,369

1,098,458

1,095,866

1,090,627

1,082,772

1,078,817

1,074,860

1,070,043

1,065,550

1,053,493

1,049,523

1,042,620

1,036,867

1,031,747

1,028,750

1,024,303

1,018,683

1,005,730

1,001,211

Treasury Stock

-984,500

-982,000

-969,150

-957,805

-957,083

-956,775

-956,188

-950,004

-947,698

-939,756

-938,335

-937,520

-937,515

-937,078

-937,157

-937,135

-904,873

-777,216

-758,018

-669,212

-647,843

-647,613

-647,158

-647,138

-596,659

-546,934

-542,537

-541,706

-771,830

-771,760

-772,679

-772,659

-695,959

-637,755

-616,366

-616,075

-615,609

-614,502

-610,430

-607,273

-606,012

-605,478

-604,050

-600,059

-598,949

-595,944

-593,329

-591,740

-591,464

-591,289

-591,007

-590,602

-590,464

-590,383

-590,353

-590,319

-590,306

-590,288

-590,330

-576,293

-536,411

-511,478

-480,773

-415,252

-277,862

-70,820

-68,599

-67,769

-66,323

-61,821

-61,654

-61,630

-61,449

-61,438

-61,370

-33,858

-33,841

-33,842

-33,835

-33,852

-33,406

-32,635

-26,487

-20,838

Other Stockholders Equity

0
328,100
374,400
591,300
591,100
603,100
587,968
583,484
577,673
0
590,628
590,898
590,162
606,786
606,965
609,854
608,279
537,082
537,097
537,135
537,402
498,281
501,430
505,202
509,863
615,016
625,703
629,222
634,693
645,586
657,234
681,389
687,295
699,128
515,752
384,232
323,559
297,261
279,348
257,679
246,916
252,249
299,065
302,499
397,302
402,502
406,854
410,747
415,128
427,676
433,014
437,286
440,007
443,538
446,676
450,574
453,434
461,500
464,565
468,848
471,544
472,342
476,125
480,257
482,383
486,003
462,313
414,757
341,640
344,742
347,109
348,110
443,150
443,483
440,975
395,091
348,532
351,998
354,181
358,054
337,010
235,648
238,347
93,345
97,753
102,190
104,559
995,726
1,001,581
1,004,475
1,006,761
1,005,955
1,011,365
1,013,144
1,007,701
1,023,402
1,031,030
1,031,630
1,016,700
1,025,700
982,300
976,700

976,700

982,300

1,025,700

1,016,700

1,031,630

1,031,030

1,023,402

1,007,701

1,013,144

1,011,365

1,005,955

1,006,761

1,004,475

1,001,581

995,726

104,559

102,190

97,753

93,345

238,347

235,648

337,010

358,054

354,181

351,998

348,532

395,091

440,975

443,483

443,150

348,110

347,109

344,742

341,640

414,757

462,313

486,003

482,383

480,257

476,125

472,342

471,544

468,848

464,565

461,500

453,434

450,574

446,676

443,538

440,007

437,286

433,014

427,676

415,128

410,747

406,854

402,502

397,302

302,499

299,065

252,249

246,916

257,679

279,348

297,261

323,559

384,232

515,752

699,128

687,295

681,389

657,234

645,586

634,693

629,222

625,703

615,016

509,863

505,202

501,430

498,281

537,402

537,135

537,097

537,082

608,279

609,854

606,965

606,786

590,162

590,898

590,628

577,673

583,484

587,968

603,100

591,100

591,300

374,400

328,100

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
Accounts Payable	2,431,500	2,728,195	2,140,251	1,707,329	830,478	794,300	799,500	684,700	715,500	765,100	735,100	706,600	642,800	537,500	453,100	571,800	626,293	590,304	572,467	455,821	366,380	346,513	469,107	460,535	407,000	378,600
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
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
Accumulated Other Comprehensive Income	-332,000	-377,751	-236,035	-263,134	-367,772	-408,435	-312,590	-387,365	-423,155	-201,892	-76,543	-1,044	10,057	22,633	10,985	-18,338	25,832	14,530	13,635	9,847	5,704	-1,489	-2,064	-1,238	-700	-26,900
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
Capital Lease Obligations	641,700	510,433	414,248	414,889	179,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	700	728	725	719	636	635	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	2,005,442	1,969,332	1,942,810	1,039,347	993,666	999,156	986,020	1,117,421	1,102,369	1,082,772	1,065,550	1,036,867	1,018,683	0	0	0	0	0	0	0	0	0	0	0	0
Cash	524,100	527,348	212,583	449,135	150,902	96,300	118,000	110,100	160,300	128,300	123,700	86,100	63,900	53,600	112,300	86,300	72,297	73,395	22,125	34,523	27,495	22,570	75,057	21,079	8,800	8,100
Cash And Equivalents	0	527,348	212,583	449,135	150,902	96,343	117,953	110,131	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	524,100	527,348	212,583	449,135	150,902	96,300	118,000	110,100	160,300	128,300	123,700	86,100	63,900	53,600	112,300	86,300	72,297	73,395	22,125	34,523	27,495	22,570	75,057	21,079	8,800	8,100
Common Stock	700	728	725	719	636	635	634	631	629	627	624	622	614	609	603	600	589	581	561	548	493	491	489	487	500	0
Common Stock Shares Outstanding	52,300	52,395	52,030	46,625	43,487	47,200	48,400	48,611	50,400	53,300	52,700	51,100	49,600	46,100	42,700	43,320	48,223	52,493	49,238	44,109	46,163	47,190	47,035	47,769	46,487	45,294
Common Stock Total Equity	0	728	725	719	636	635	634	631	629	627	624	622	614	609	603	600	589	581	561	548	493	491	489	487	500	0
Current Deferred Revenue	191,700	34,155	35,500	24,300	12,300	0	0	0	0	0	0	0	0	0	0	-329,190	51,415	69,945	51,220	43,350	49,489	23,144	16,480	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	16,374	24,203	15,803	18,221	22,414	1,733	1,342	18,090	35,887	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	460,746	437,444	488,261	0	143,967	136,858	158,009	364,838	346,743	316,623	300,470	223,005	210,876	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	3,262,300	3,240,931	3,208,333	3,187,169	1,759,040	1,722,603	1,771,877	1,720,714	1,681,662	1,735,440	1,734,391	1,777,797	1,008,127	985,714	863,410	862,778	924,358	931,229	542,217	401,610	398,673	314,078	311,073	0	0	0
Intangible Assets	1,857,600	1,943,400	1,944,141	2,065,495	287,275	316,016	367,104	393,362	403,649	429,840	439,167	496,761	156,874	160,307	81,308	88,689	133,791	147,550	626,109	401,610	398,673	314,078	311,073	277,763	249,200	234,000
Inventory	3,572,100	3,498,824	2,666,219	2,163,617	1,011,674	948,700	956,100	821,400	810,100	819,500	787,300	794,000	627,000	588,800	507,200	605,700	666,027	613,569	500,798	387,339	320,975	338,781	380,022	421,083	397,700	343,800
Liabilities And Stockholders Equity	15,060,900	14,811,686	12,617,699	11,880,214	5,017,635	4,605,000	4,735,500	4,490,900	4,587,500	4,754,300	4,618,300	4,615,000	3,078,500	2,826,800	2,494,200	2,718,300	2,859,887	2,823,983	1,651,159	1,356,855	1,161,205	1,015,118	1,157,958	1,170,033	1,028,800	950,500
Long Term Debt	5,313,100	5,345,973	4,701,542	4,369,953	1,257,067	1,167,311	1,313,261	1,363,135	1,439,062	1,366,430	1,447,634	1,695,413	642,922	725,893	597,869	841,928	811,311	743,887	352,232	386,173	420,042	412,196	446,436	482,740	0	0
Long Term Debt Total	0	5,345,973	4,701,542	4,369,953	1,257,067	1,167,311	1,313,261	1,363,135	1,456,761	1,366,430	1,447,634	1,695,413	642,922	725,893	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	5,439,300	4,889,096	4,498,487	4,449,648	1,132,850	1,127,200	1,230,600	1,275,100	1,340,800	1,287,200	1,364,000	1,649,000	585,400	676,300	579,600	755,600	1,302,938	1,094,752	385,127	383,063	394,667	395,404	376,909	462,246	417,500	587,700
Net Invested Capital	10,358,800	9,866,016	8,487,281	8,242,505	3,567,256	3,376,653	3,505,943	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	4,070,000	3,662,663	2,957,613	2,466,903	1,187,359	1,166,600	1,170,100	1,034,400	1,075,300	1,117,400	1,045,100	1,036,200	939,400	792,700	635,800	791,300	928,090	906,989	364,643	419,683	298,440	208,273	247,976	302,304	230,800	211,100
Net Tangible Assets	0	4,454,234	3,782,524	3,343,722	189,368	96,691	-19,242	-100,795	-308,639	-237,115	-408,767	-720,867	180,909	2,573	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	5,003,200	4,513,192	3,300,303	2,519,983	1,456,352	1,323,694	1,367,880	1,275,600	1,309,800	1,286,500	1,154,700	1,122,300	891,600	805,500	650,200	544,200	388,574	464,340	188,977	290,671	176,578	178,582	188,556	240,383	199,000	115,600
Non Current Assets Total	6,669,300	6,481,147	6,267,588	6,373,588	2,477,224	2,219,400	2,326,600	2,318,500	2,329,900	2,404,000	2,419,800	2,527,800	1,341,000	1,313,100	1,163,200	1,163,300	1,179,388	1,205,971	742,296	501,939	504,917	438,061	439,923	405,808	375,000	368,400
Non Current Liabilities Other	233,900	738,048	652,694	420,606	91,391	102,086	128,237	63,031	44,154	49,227	43,471	72,060	20,769	33,178	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	6,640,600	6,544,767	5,791,680	5,557,368	1,674,905	1,407,700	1,578,400	1,584,100	1,865,800	1,762,400	1,809,800	2,074,100	886,700	970,000	817,100	975,500	959,486	907,084	439,823	439,057	513,807	447,355	483,828	521,204	456,700	605,100
Non Currrent Assets Other	322,300	234,905	1,115,114	1,120,924	2,477,224	2,219,400	2,326,600	2,318,500	2,329,900	2,404,000	2,419,800	2,527,800	24,391	13,135	24,698	29,548	17,120	20,176	13,104	5,587	7,307	13,809	8,251	4,568	9,200	26,800
Noncontrolling Interest In Consolidated Entity	0	-4,662	-6,313	-7,333	0	-5,584	-3,596	-3,269	-2,801	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,296,816	1,115,114	1,120,924	13,627	19,899	31,193	46,844	60,142	56,094	46,355	42,511	42,481	49,022	58,205	46,373	17,120	20,176	13,104	5,587	6,007	13,809	8,251	4,568	0	0
Other Current Assets	655,900	641,704	513,696	426,971	190,476	174,000	164,700	206,500	203,400	249,200	197,700	170,900	107,200	78,600	75,700	71,700	14,085	24,059	21,297	13,371	9,378	7,433	14,980	19,759	16,500	19,100
Other Current Liab	756,600	984,526	864,529	725,998	214,596	211,400	206,200	190,000	188,000	249,600	268,600	225,500	196,700	166,700	133,700	439,000	50,293	69,163	41,179	33,661	61,721	23,040	38,362	62,722	44,000	71,300
Other Liab	0	688,361	1,090,138	1,187,415	238,008	246,053	265,095	231,276	408,992	49,227	43,471	72,060	20,769	33,178	28,133	20,585	30,091	13,520	13,853	9,930	59,614	5,684	10,086	6,823	0	0
Other Stockholder Equity	976,700	1,031,630	1,006,831	997,142	95,378	235,648	351,998	443,483	344,742	486,003	472,342	461,500	443,538	427,676	402,502	252,249	297,261	699,128	645,586	615,016	498,281	537,082	606,786	590,628	603,100	374,000
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
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
Property Plant And Equipment Gross	1,687,300	402,674	379,012	933,862	417,282	160,878	156,445	157,607	166,739	182,725	198,654	210,723	133,550	118,045	116,309	119,223	104,119	107,016	103,083	94,742	98,937	110,174	120,599	123,477	116,600	107,600
Property Plant And Equipment Net	1,184,800	1,027,756	909,875	933,862	417,282	160,878	156,445	157,607	166,739	182,725	198,654	210,723	133,550	118,045	116,309	119,223	104,119	107,016	103,083	94,742	98,937	110,174	120,599	123,477	116,600	107,600
Property Plant Equipment	0	402,674	379,012	399,157	387,482	160,878	156,445	157,607	166,739	182,725	198,654	210,723	133,550	118,045	116,309	119,223	104,119	107,016	103,083	94,742	98,937	110,174	120,599	123,477	0	0
Retained Earnings	4,391,700	3,794,965	3,004,690	2,601,662	2,530,429	2,307,462	2,079,697	1,956,532	1,854,456	1,643,914	1,368,386	1,092,719	891,789	697,676	582,199	497,485	284,794	48,988	-168,332	-271,858	-336,790	-366,796	-389,919	-410,144	-443,600	-468,200
Retained Earnings Total Equity	0	3,794,965	3,004,690	2,601,662	0	2,307,462	2,079,697	1,956,532	1,854,456	1,643,914	1,368,386	1,092,719	891,789	697,676	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	8,600	70,471	9,528	528,830	44,706	74,032	72,943	51,522	1,025	2,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	5,963,400	5,416,444	4,711,070	4,898,783	1,283,752	1,223,500	1,348,600	1,385,200	1,501,100	1,415,500	1,487,700	1,735,100	649,300	729,900	691,900	841,900	1,375,235	1,168,147	407,252	417,586	422,162	417,974	451,966	483,325	426,300	595,800
Short Term Debt	8,600	70,471	9,528	528,830	26,685	56,200	35,300	22,100	44,300	49,100	40,100	32,800	6,400	4,000	94,000	329,190	563,924	424,260	55,020	31,413	2,120	5,778	5,530	585	3,800	16,600
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
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
Total Assets	15,060,900	14,811,686	12,617,699	11,880,214	5,017,635	4,605,000	4,735,500	4,490,900	4,587,500	4,754,300	4,618,300	4,615,000	3,078,500	2,826,800	2,494,200	2,718,300	2,859,887	2,823,983	1,651,159	1,356,855	1,161,205	1,015,118	1,157,958	1,170,033	1,028,800	950,500
Total Current Assets	8,391,600	8,330,539	6,350,111	5,506,626	2,540,411	2,385,600	2,408,900	2,172,400	2,257,600	2,350,300	2,198,500	2,087,200	1,737,500	1,513,700	1,331,000	1,555,000	1,680,499	1,618,012	908,863	854,916	656,288	577,057	718,035	764,225	653,800	582,100
Total Current Liabilities	3,388,400	3,817,347	3,049,808	2,986,457	1,084,059	1,061,900	1,041,000	896,800	947,800	1,063,800	1,043,800	964,900	845,900	708,200	680,800	1,010,800	1,291,925	1,153,672	719,886	564,245	479,710	398,475	529,479	523,842	454,800	466,500
Total Liab	10,029,000	10,362,114	8,841,488	8,543,825	2,758,964	2,469,600	2,619,400	2,480,900	2,813,600	2,826,200	2,853,600	3,039,000	1,732,600	1,678,200	1,497,900	1,986,300	2,251,411	2,060,756	1,159,709	1,003,302	993,517	845,830	1,013,307	1,045,046	911,500	1,071,600
Total Permanent Equity	0	0	0	0	0	0	2,116,143	2,010,012	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	5,037,100	4,449,572	3,776,211	3,336,389	2,258,671	2,135,400	2,116,100	2,010,000	1,773,900	1,928,100	1,764,700	1,576,000	1,345,900	1,148,600	996,300	732,000	608,476	763,227	491,450	353,553	167,688	169,288	144,651	124,987	117,300	-121,100
Treasury Stock	0	-969,150	-956,188	-938,335	-937,157	-758,018	-647,158	-542,537	-772,679	-616,366	-610,430	-604,050	-593,329	-591,007	-590,353	-590,288	-511,478	-70,820	-61,821	-61,449	-61,370	-33,841	-33,852	-33,406	0	0
Warrants	0	0	0	0	0	0	0	0	0	-487	-18	-106	-88	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
Accounts Payable	2,431,500	2,650,000	2,662,700	2,648,300	2,728,195	2,578,741	2,652,306	2,341,137	2,140,251	2,246,454	2,192,782	1,955,365	1,707,329	1,830,877	1,660,094	804,330	830,478	849,584	868,600	870,200	794,300	813,400	818,200	805,400	799,500	838,400	769,000	712,400	684,700	699,500	712,900	734,900	715,500	787,600	770,600	771,900	765,135	842,800	794,500	781,800	735,100	754,000	754,100	745,000	706,600	693,200	707,100	699,300	642,777	646,600	624,200	650,400	537,505	574,900	540,700	534,515	453,154	494,800	487,500	524,261	571,832	742,903	712,801	638,821	626,293	680,075	664,602	646,551	590,304	605,919	610,816	575,661	572,467	574,170	494,156	488,728	455,821	454,672	443,782	434,863	366,380	381,449	374,601	366,990	346,513	389,709	379,399	364,925	469,107	430,256	512,786	460,535	460,535	461,116	487,586	480,782	407,000	435,800	441,500	397,100	378,600	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
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	294,638	278,916	269,582	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-332,000	-384,000	-319,500	-360,700	-377,751	-430,500	-283,768	-204,395	-236,035	-275,351	-225,074	-246,293	-263,134	-377,461	-418,889	-461,623	-367,772	-382,530	-365,674	-385,918	-408,435	-349,619	-370,105	-341,390	-312,590	-295,622	-342,164	-375,545	-387,365	-356,659	-342,666	-340,901	-423,155	-385,526	-290,164	-315,706	-201,892	-143,814	-80,020	-123,043	-76,543	-44,255	-68,874	-24,525	-1,044	24,354	13,702	19,247	10,057	5,948	32,359	30,619	22,633	16,712	10,811	18,389	10,985	3,062	-8,333	-24,344	-18,338	13,882	21,399	19,075	25,832	23,884	22,292	14,533	14,530	16,629	16,543	13,774	13,635	12,442	9,042	9,291	9,847	6,810	3,686	5,344	5,704	4,049	5,721	1,401	-1,489	-1,508	127	-2,113	-2,064	-1,894	-1,450	-1,238	-55,984	-1,232	-1,083	-719	-700	-800	-26,900	-26,900	-2,800	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
Capital Lease Obligations	641,700	575,400	559,300	540,500	510,433	455,356	449,684	445,867	414,248	421,831	391,608	399,758	414,889	419,718	430,273	213,172	179,830	182,044	177,907	178,606	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	700	700	700	700	728	728	737	727	725	724	723	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,023,900	2,015,500	2,003,300	2,005,442	1,993,709	1,985,967	1,970,401	1,969,332	1,961,369	1,953,653	1,946,517	1,942,810	1,939,101	1,933,241	1,041,637	1,039,347	1,034,888	998,218	1,015,563	993,666	1,006,222	1,005,897	1,001,794	999,156	995,670	991,750	987,909	986,020	984,856	1,119,940	1,118,869	1,117,421	1,114,299	1,110,716	1,100,068	1,102,369	1,098,458	1,095,866	1,090,627	1,082,772	1,078,817	1,074,860	1,070,043	1,065,550	1,053,493	1,049,523	1,042,620	1,036,867	1,031,747	1,028,750	1,024,303	1,018,683	1,005,730	1,001,211	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	524,100	631,400	529,000	349,100	527,348	234,083	236,792	201,474	212,583	251,799	287,891	303,887	449,135	352,249	265,222	342,560	150,902	138,160	87,200	106,100	96,300	142,800	110,900	123,900	118,000	94,100	87,800	103,000	110,100	112,800	160,300	147,800	160,300	132,900	174,300	154,400	128,319	110,400	101,600	96,400	123,700	98,600	104,500	116,800	86,100	107,600	72,200	63,600	63,869	94,000	78,600	52,400	53,577	103,100	95,800	121,074	112,329	111,300	103,300	105,135	86,338	103,270	115,532	94,432	72,297	64,498	65,038	55,369	73,395	59,273	37,823	30,350	22,125	60,866	15,021	18,765	34,523	19,247	9,419	13,800	27,495	30,324	33,205	31,385	22,570	25,767	24,471	28,661	75,057	2,960	4,891	21,079	21,079	18,064	17,239	38,635	8,800	31,800	41,300	28,000	8,100	0
Cash And Equivalents	0	631,400	529,000	349,100	527,348	234,083	236,792	201,474	212,583	251,799	287,891	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
Cash And Short Term Investments	524,100	631,400	529,000	349,100	527,348	234,083	236,792	201,474	212,583	251,799	287,891	303,887	449,135	352,249	265,222	342,560	150,902	138,160	87,200	106,100	96,300	142,800	110,900	123,900	118,000	94,100	87,800	103,000	110,100	112,800	160,300	147,800	160,300	132,900	174,300	154,400	128,319	110,400	101,600	96,400	123,700	98,600	104,500	116,800	86,100	107,600	72,200	63,600	63,869	94,000	78,600	52,400	53,577	103,100	95,800	121,074	112,329	111,300	103,300	105,135	86,338	103,270	115,532	94,432	72,297	64,498	65,038	55,369	73,395	59,273	37,823	30,350	22,125	60,866	15,021	18,765	34,523	19,247	9,419	13,800	27,495	30,324	33,205	31,385	22,570	25,767	24,471	28,661	75,057	2,960	4,891	21,079	0	18,064	17,239	38,635	8,800	31,800	41,300	28,000	8,100	0
Common Stock	700	700	700	700	728	728	737	727	725	724	723	721	719	719	719	637	636	636	636	636	635	635	634	634	634	633	633	633	631	631	629	629	629	629	629	628	627	627	627	626	624	623	622	623	622	618	617	615	614	612	612	610	609	604	603	603	603	601	601	601	600	599	599	592	589	589	589	588	581	576	574	567	561	556	554	553	548	505	501	497	493	491	491	491	491	491	491	490	489	488	489	487	487	486	485	481	500	400	0	0	300	0
Common Stock Shares Outstanding	52,000	52,200	52,400	52,500	52,404	52,389	52,220	52,237	52,269	52,063	51,994	51,708	51,069	50,487	50,042	42,075	42,210	42,378	43,800	45,500	46,200	47,500	47,600	47,600	47,500	47,800	48,800	49,400	49,200	48,700	48,600	46,800	47,200	49,700	51,900	52,200	52,200	53,200	53,500	53,400	53,200	52,500	52,300	52,400	51,400	50,800	51,100	51,300	51,300	48,500	50,300	50,400	50,400	45,500	46,000	43,654	43,654	42,800	42,700	42,564	42,564	43,100	43,617	44,033	43,951	46,606	48,907	51,783	51,783	52,553	52,550	51,686	51,686	49,035	48,998	49,322	49,322	44,272	43,377	42,265	42,265	46,517	45,938	48,400	48,400	47,279	46,442	47,963	47,963	46,318	46,956	49,886	43,650	47,354	47,989	48,740	48,184	51,111	33,333	36,250	34,600	41,100
Common Stock Total Equity	0	0	700	700	728	728	737	727	725	724	723	721	719	719	719	637	636	636	636	636	635	635	634	634	634	633	633	633	631	631	629	629	629	629	629	628	627	627	627	626	624	623	622	623	622	618	617	615	614	612	612	610	609	604	603	603	603	601	601	601	600	599	599	592	589	589	589	588	581	576	574	567	561	556	554	553	548	505	501	497	493	491	491	491	491	491	491	490	489	488	489	488	487	486	485	481	500	400	0	0	300	0
Current Deferred Revenue	191,700	90,700	104,800	112,200	34,155	443,245	439,475	0	34,191	0	0	157,498	37,696	0	0	146,977	11,248	0	0	0	16,374	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	67,935	0	0	0	0	0	0	0	0	0	0	0	76,915	0	0	0	71,524	0	0	34,091	1,686	0	-25,052	35,079	2,857	49,392	39,649	36,825	4,026	44,701	36,799	41,192	14,991	51,318	37,120	34,818	13,399	37,228	26,707	27,231	3,920	32,312	26,123	20,595	49,489	25,554	21,816	16,418	23,144	16,473	12,761	9,839	16,480	15,951	27,926	16,654	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	16,374	0	0	0	24,203	0	0	0	15,803	0	0	0	18,221	0	0	0	22,414	0	0	0	1,733	0	0	0	1,342	17,926	18,025	17,412	18,090	25,230	36,803	37,380	35,887	37,655	35,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	477,300	472,100	460,746	443,245	439,475	434,651	437,444	485,548	488,710	474,274	488,261	523,958	537,557	146,977	0	147,832	147,306	145,501	143,967	147,048	140,498	138,767	136,858	179,630	165,689	160,471	158,009	181,230	361,949	368,797	364,838	361,678	360,178	349,682	346,743	349,827	360,290	350,870	316,623	316,702	309,129	305,616	300,470	244,175	236,374	230,167	223,005	215,658	220,923	212,201	210,876	190,779	190,486	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	3,262,300	3,237,700	3,266,600	3,244,800	3,240,931	3,123,430	3,190,677	3,222,538	3,208,333	3,201,688	3,223,511	3,199,494	3,187,169	3,118,818	3,107,256	1,717,963	1,759,040	1,746,071	1,752,800	1,740,771	1,722,603	1,755,292	1,744,694	1,755,679	1,771,877	1,776,918	1,741,540	1,725,547	1,720,714	1,735,662	1,740,156	1,762,693	1,681,662	1,666,218	1,713,118	1,675,581	1,735,440	1,759,833	1,790,853	1,752,112	1,734,391	1,762,331	1,741,407	1,762,914	1,777,797	1,127,001	1,021,106	1,022,726	1,008,127	987,358	992,637	991,838	985,714	876,533	876,873	866,002	863,410	863,339	863,173	863,010	862,778	857,760	857,839	855,833	924,358	906,492	905,742	902,540	931,229	550,338	550,830	547,724	542,217	557,957	401,575	401,591	401,610	401,638	398,009	398,656	398,673	359,260	314,262	314,739	314,078	311,791	311,804	311,073	311,073	0	0	0	0	0	0	0	0	0	0	0	234,000	0
Intangible Assets	1,857,600	1,874,900	1,902,000	1,921,500	1,943,400	1,853,451	1,888,911	1,922,265	1,944,141	1,977,841	2,020,538	2,045,992	2,065,495	2,078,468	2,095,480	267,628	287,275	293,493	304,392	310,453	316,016	334,026	340,579	353,298	367,104	378,153	380,426	385,304	393,362	407,401	420,147	421,716	403,649	388,988	415,327	398,673	429,840	452,140	475,708	449,180	439,167	457,621	461,552	481,750	496,761	204,572	150,964	154,130	156,874	150,018	153,452	156,886	160,307	75,790	77,625	79,467	81,308	83,146	84,984	86,774	88,689	90,578	92,425	94,271	133,791	137,181	140,618	144,007	147,550	79,134	81,082	81,987	626,109	608,652	401,575	401,591	401,610	401,638	398,009	398,656	398,673	359,260	314,262	314,739	314,078	311,791	311,804	311,393	311,073	307,225	310,745	277,763	277,763	260,073	261,868	262,796	249,200	252,300	252,300	247,200	0	0
Inventory	3,572,100	3,541,400	3,584,300	3,729,500	3,498,824	3,490,121	3,165,828	2,881,256	2,666,219	2,569,798	2,436,522	2,290,453	2,163,617	2,357,634	2,368,827	950,521	1,011,674	961,997	1,004,100	1,001,400	948,700	926,800	935,200	949,500	956,100	925,000	866,300	850,100	821,400	832,500	831,100	844,100	810,100	845,000	847,000	814,400	819,502	846,200	850,200	811,100	787,300	795,900	808,700	792,400	794,000	662,800	651,800	634,700	626,967	631,400	634,100	631,100	588,848	552,000	531,500	507,057	507,215	495,300	516,700	561,070	605,678	654,608	646,446	615,281	666,027	648,147	634,836	606,117	613,569	542,244	536,249	507,930	500,798	456,880	390,099	384,851	387,339	381,865	379,583	349,146	320,975	323,608	337,906	336,508	338,781	353,080	365,780	372,780	380,022	416,607	433,336	421,083	421,083	434,712	435,907	414,035	397,700	387,200	385,300	349,100	343,800	0
Liabilities And Stockholders Equity	15,060,900	15,168,600	15,162,700	14,971,200	14,811,686	14,080,564	13,863,266	13,185,033	12,617,699	12,481,018	12,299,079	11,878,270	11,880,214	11,868,339	11,732,014	5,230,956	5,017,635	5,047,411	5,067,900	4,984,700	4,605,000	4,778,800	4,715,000	4,713,300	4,735,500	4,764,400	4,623,700	4,511,300	4,490,900	4,609,300	4,692,700	4,690,800	4,587,500	4,642,500	4,726,400	4,612,400	4,754,437	4,905,500	4,929,100	4,688,800	4,618,300	4,679,500	4,635,700	4,669,300	4,615,000	3,420,000	3,186,700	3,147,200	3,078,452	3,067,400	3,025,900	2,952,500	2,826,774	2,635,300	2,521,300	2,539,153	2,494,193	2,498,700	2,519,500	2,572,702	2,720,977	2,920,895	2,899,186	2,790,142	2,859,887	2,879,931	2,840,849	2,788,263	2,823,983	1,868,099	1,765,934	1,684,733	1,651,159	1,738,844	1,279,543	1,279,526	1,356,855	1,233,383	1,184,384	1,223,068	1,161,205	1,153,483	1,098,016	1,075,105	1,015,118	1,091,468	1,104,154	1,116,077	1,157,958	1,158,395	1,173,586	1,170,033	1,170,033	1,143,427	1,152,211	1,121,212	1,028,800	1,052,000	1,089,800	994,900	950,500	0
Long Term Debt	5,313,100	5,378,300	5,523,100	5,595,100	5,345,973	5,192,816	5,039,857	4,836,658	4,701,542	4,565,772	4,303,124	4,592,734	4,369,953	4,878,124	5,068,549	1,542,602	1,257,067	1,346,333	1,399,486	1,214,276	1,167,311	1,229,314	1,261,705	1,292,094	1,313,261	1,368,301	1,334,542	1,309,800	1,363,135	1,418,708	1,360,658	1,391,227	1,456,761	1,454,705	1,436,802	1,336,881	1,366,430	1,471,774	1,520,960	1,457,586	1,447,634	1,535,464	1,572,415	1,634,813	1,695,413	696,758	562,750	603,328	642,922	725,669	753,590	703,339	725,893	483,646	483,812	540,952	597,869	701,047	929,905	757,201	841,928	649,734	742,693	748,022	811,311	801,576	838,485	777,238	743,887	348,816	349,122	348,477	352,232	351,654	247,748	268,079	386,173	396,416	403,431	422,649	420,042	430,497	444,246	442,352	412,196	453,595	485,184	504,187	446,436	489,798	438,200	488,667	482,740	457,634	447,928	439,981	0	0	0	0	0	0
Long Term Debt Total	0	5,378,300	5,523,100	5,595,100	5,345,973	5,192,816	5,039,857	4,836,658	4,701,542	4,565,772	4,303,124	4,592,734	4,369,953	4,878,124	5,068,549	1,542,602	1,257,067	1,346,333	1,399,486	1,214,276	1,167,311	1,229,314	1,261,705	1,292,094	1,313,261	1,368,301	1,334,542	1,309,800	1,363,135	1,418,708	1,360,658	1,391,227	1,456,761	1,454,705	1,436,802	1,336,881	1,366,430	1,471,774	1,520,960	1,457,586	1,447,634	1,535,464	1,572,415	1,634,813	1,695,413	696,758	562,750	603,328	642,922	725,669	753,590	703,339	725,893	483,646	483,812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	5,439,300	4,761,600	5,003,300	5,253,600	4,889,096	5,028,028	4,873,693	4,705,447	4,498,487	4,333,265	4,382,198	4,709,407	4,449,648	4,554,719	4,831,023	1,224,518	1,132,850	1,234,072	1,339,900	1,136,700	1,127,200	1,118,800	1,187,500	1,211,100	1,230,600	1,315,100	1,271,900	1,236,100	1,275,100	1,342,700	1,245,100	1,292,900	1,340,800	1,368,400	1,311,700	1,234,400	1,323,289	1,406,800	1,466,800	1,406,400	1,364,000	1,478,900	1,511,400	1,558,100	1,649,000	614,200	511,900	554,900	632,953	636,900	679,800	655,700	703,894	477,200	484,000	541,423	611,708	593,600	826,600	919,332	1,084,780	1,074,229	1,129,891	1,186,383	1,302,938	1,298,366	1,302,783	1,213,224	1,094,752	312,522	316,962	349,916	385,127	509,954	255,192	280,746	383,063	408,353	426,177	410,995	394,667	402,275	417,125	417,034	395,404	433,358	466,243	481,056	376,909	488,368	434,839	462,246	462,246	441,730	435,106	405,207	417,500	391,600	437,600	566,800	587,700	0
Net Invested Capital	10,358,800	10,275,500	10,332,600	10,192,400	9,866,016	9,458,931	9,227,274	8,880,324	8,487,281	8,173,549	8,202,358	8,020,596	8,242,505	8,127,829	8,203,643	3,790,199	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,070,000	3,795,000	3,850,700	3,807,400	3,662,663	3,622,067	3,635,840	3,283,522	2,957,613	2,955,632	2,842,187	2,809,701	2,466,903	2,492,248	2,454,262	1,214,331	1,187,359	1,315,026	1,355,500	1,268,600	1,166,600	1,265,900	1,257,300	1,205,000	1,170,100	1,236,600	1,145,000	1,060,600	1,034,400	1,102,100	1,118,000	1,091,500	1,075,300	1,149,700	1,124,900	1,082,200	1,312,327	1,218,800	1,186,100	1,105,300	1,045,100	1,116,000	1,101,800	1,094,300	1,036,200	1,020,400	1,014,000	1,006,400	995,070	950,400	920,800	885,400	848,050	796,400	731,300	748,704	696,697	663,400	680,500	753,979	852,775	995,787	967,744	913,144	928,090	973,595	946,121	929,504	906,989	492,157	418,580	379,201	364,643	478,300	357,719	354,384	419,683	321,306	286,634	346,554	298,440	316,964	286,640	257,723	208,273	256,590	262,229	261,973	247,976	284,021	266,207	302,304	302,304	284,768	294,437	263,511	230,800	231,700	261,400	212,200	211,100	0
Net Tangible Assets	0	-224,400	-363,000	-572,000	4,454,234	-780,061	-962,799	-1,171,400	3,782,524	-1,591,044	-1,711,780	-1,838,426	3,343,722	2,896,974	-2,095,338	223,579	189,368	153,554	83,883	151,141	96,691	148,035	85,794	28,983	-19,242	-44,567	-23,687	-50,171	-100,795	-146,752	-213,463	-286,605	-308,639	-292,411	-260,674	-236,211	-237,115	-303,246	-376,975	-427,665	-408,767	-481,647	-560,376	-627,294	-720,867	212,865	296,328	234,197	180,909	146,131	107,218	50,500	2,573	142,974	96,856	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,003,200	4,957,800	5,001,700	4,909,200	4,513,192	4,329,515	4,013,641	3,616,836	3,300,303	3,077,397	2,693,791	2,849,129	2,519,983	3,056,515	3,136,660	1,736,973	1,456,352	1,473,956	1,460,000	1,363,100	1,323,700	1,455,000	1,421,100	1,397,100	1,367,900	1,366,700	1,341,200	1,283,300	1,275,600	1,283,800	1,335,800	1,291,100	1,309,800	1,349,300	1,356,300	1,274,400	1,286,466	1,323,400	1,294,300	1,173,700	1,154,700	1,181,900	1,153,600	1,137,900	1,122,300	995,900	941,700	916,200	891,574	939,100	928,100	826,900	805,453	682,900	637,400	641,634	650,170	748,600	779,500	556,059	551,654	354,983	398,922	362,595	388,574	351,113	380,372	373,934	464,340	385,706	319,017	239,968	188,977	135,405	204,049	196,330	290,671	167,570	151,143	192,558	176,578	205,235	238,962	215,975	178,582	213,380	238,492	248,928	188,556	240,225	176,103	240,383	240,383	231,355	212,611	196,263	199,000	187,400	221,600	104,600	115,600	0
Non Current Assets Total	6,669,300	6,557,200	6,579,300	6,523,100	6,481,147	6,183,477	6,256,791	6,306,064	6,267,588	6,265,522	6,303,332	6,303,130	6,373,588	6,270,889	6,293,628	2,453,478	2,477,224	2,468,931	2,483,100	2,470,900	2,219,400	2,272,300	2,268,000	2,294,600	2,326,600	2,354,300	2,318,100	2,307,900	2,318,500	2,365,500	2,386,000	2,416,400	2,329,900	2,276,400	2,358,300	2,298,900	2,404,099	2,455,400	2,520,500	2,440,300	2,419,800	2,460,800	2,441,000	2,492,600	2,527,800	1,514,100	1,350,500	1,352,800	1,341,032	1,305,600	1,321,200	1,318,800	1,313,088	1,117,500	1,116,800	1,147,671	1,163,189	1,140,900	1,139,800	1,139,766	1,163,314	1,154,902	1,156,169	1,152,987	1,179,388	1,166,534	1,170,376	1,170,744	1,205,971	747,887	748,363	745,909	742,296	725,564	502,022	499,961	501,939	500,396	498,292	504,431	504,917	470,206	427,911	438,215	438,061	437,966	436,454	438,218	439,923	434,417	440,275	405,808	405,808	389,340	389,389	389,622	375,000	377,700	382,200	386,200	368,400	0
Non Current Liabilities Other	233,900	1,254,200	1,257,600	775,400	738,048	684,985	679,793	684,113	652,694	709,782	288,680	285,790	420,606	712,098	293,508	298,746	91,391	262,012	261,489	99,171	102,086	119,064	121,119	127,937	128,237	65,811	63,928	63,426	63,031	56,800	56,548	54,020	44,154	49,501	51,733	49,387	49,227	48,541	44,013	42,882	43,471	52,169	70,489	72,718	72,060	24,495	24,592	24,356	20,769	19,849	21,521	30,996	33,178	30,693	28,639	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,640,600	6,632,500	6,780,700	6,842,600	6,544,767	6,321,046	6,159,125	5,955,422	5,791,680	5,761,102	5,472,122	5,752,556	5,557,368	6,114,180	6,329,887	1,988,325	1,674,905	1,756,177	1,808,300	1,637,600	1,407,700	1,495,500	1,523,300	1,558,800	1,578,400	1,613,800	1,564,200	1,533,700	1,584,100	1,656,700	1,779,200	1,814,000	1,865,800	1,865,900	1,848,700	1,736,000	1,762,400	1,870,200	1,925,300	1,840,400	1,809,800	1,904,400	1,952,000	2,013,100	2,074,100	965,500	823,700	857,800	886,696	961,200	996,000	946,500	969,947	705,100	702,900	762,060	817,070	928,100	1,097,700	920,130	982,972	792,869	885,663	886,943	959,486	945,854	991,648	921,485	907,084	438,412	437,578	438,184	439,823	421,345	300,328	321,258	439,057	439,735	448,029	516,787	513,807	479,734	478,133	477,157	447,355	486,806	517,814	538,478	483,828	534,020	480,114	521,204	521,204	492,228	482,327	474,563	456,700	451,000	503,700	608,600	626,600	0
Non Currrent Assets Other	322,300	1,444,600	1,410,700	-177,500	234,905	-183,891	-202,786	219,930	1,115,114	1,085,993	1,059,283	147,093	1,120,924	6,270,889	6,293,628	2,453,478	2,477,224	2,468,931	2,483,100	2,470,900	2,219,400	2,272,300	2,268,000	2,294,600	2,326,600	2,354,300	2,318,100	2,307,900	2,318,500	2,365,500	2,386,000	2,416,400	2,329,900	2,276,400	2,358,300	2,298,900	33,680	2,455,400	2,520,500	2,440,300	2,419,800	2,460,800	2,441,000	2,492,600	2,527,800	23,572	23,242	24,072	24,391	13,448	12,018	12,653	13,135	13,105	12,292	12,674	24,687	13,701	12,029	11,547	29,562	76,777	78,495	78,635	17,120	18,185	19,110	19,482	20,176	13,644	12,078	12,629	13,104	13,733	5,484	4,903	5,587	6,626	6,286	9,296	7,307	9,624	9,347	16,595	13,809	14,645	9,996	10,140	8,251	5,363	5,252	4,568	4,568	8,186	8,412	8,853	9,200	12,000	20,800	26,600	6,000	0
Noncontrolling Interest In Consolidated Entity	0	0	-5,300	-4,600	-4,662	-4,874	-5,482	-5,925	-6,313	-6,668	-7,268	-7,357	-7,333	-7,637	-6,997	-7,044	0	-6,408	-6,252	-6,003	-5,584	-5,516	-5,312	-5,046	-3,596	-3,271	-3,173	-3,197	-3,269	-3,678	-4,266	-4,322	-2,801	-2,947	-1,828	-725	0	-82	-84	-68	0	20	64	0	0	92	68	126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	337,000	1,410,700	294,600	1,296,816	1,206,596	1,177,203	219,930	1,115,114	1,085,993	164,538	147,093	1,120,924	133,239	138,058	2,453,478	13,627	17,656	20,118	19,987	19,899	25,845	25,281	29,301	2,170,174	2,196,750	2,162,923	2,151,301	2,160,920	2,204,611	2,222,182	2,248,847	2,163,152	2,104,630	2,178,268	2,125,041	2,221,374	2,264,038	2,320,640	2,255,907	2,219,913	2,258,896	2,242,108	2,285,384	2,317,069	1,373,071	1,213,337	1,218,340	1,207,482	1,176,054	1,194,910	1,198,757	1,195,043	1,003,083	1,002,497	1,033,056	1,046,880	1,023,184	1,022,628	1,022,907	1,044,091	1,038,521	1,042,699	1,042,482	1,075,269	1,061,858	1,065,470	1,066,029	1,098,955	643,116	643,990	642,340	639,213	622,385	407,059	406,494	407,197	408,264	404,295	407,952	405,980	368,884	323,609	331,334	327,887	326,436	321,800	321,533	319,324	312,588	315,997	315,829	282,331	268,259	270,280	271,649	0	0	0	0	0	0
Other Current Assets	225,400	643,600	619,400	562,100	641,704	550,816	568,015	512,717	513,696	438,267	429,147	171,099	426,971	395,319	350,075	270,066	190,476	163,297	138,000	137,700	174,000	171,000	143,600	140,300	164,700	154,400	206,500	189,700	206,500	196,400	197,300	191,000	203,400	205,400	185,200	226,000	90,190	239,700	226,900	193,800	197,700	180,600	149,100	173,200	170,900	115,100	98,200	89,700	51,514	86,000	71,200	64,800	23,211	66,300	45,900	14,647	14,763	87,800	79,200	12,752	12,872	12,328	13,295	14,298	14,085	27,157	24,478	26,529	24,059	26,538	24,919	21,343	21,297	17,234	14,682	7,627	13,371	10,569	10,456	9,137	9,378	12,381	12,354	11,274	7,433	10,811	15,220	14,445	14,980	20,390	7,984	19,759	19,759	16,543	15,239	15,409	16,500	23,600	19,600	19,400	19,100	0
Other Current Liab	756,600	898,200	805,000	770,800	984,526	476,291	430,425	850,733	865,838	872,353	742,209	592,346	712,602	681,214	613,936	64,722	215,648	229,041	228,600	252,000	195,026	205,800	171,000	173,300	206,200	164,100	170,200	178,400	190,000	223,700	213,300	198,900	188,000	182,600	192,000	215,300	145,624	238,500	272,400	247,800	268,600	240,800	243,500	253,700	225,500	191,800	166,000	163,700	72,254	170,900	147,600	151,600	67,626	163,300	130,400	59,697	99,826	110,500	112,700	50,271	102,130	90,950	88,915	66,121	97,682	76,220	59,364	64,487	124,117	54,290	44,955	56,588	79,000	47,311	31,157	35,844	73,091	47,249	32,879	68,475	61,721	68,937	28,642	31,440	23,040	28,410	31,518	48,637	38,362	36,016	14,966	62,722	62,722	59,456	58,208	50,684	44,000	48,700	42,100	94,800	87,900	0
Other Liab	0	678,800	698,300	707,000	688,361	1,128,230	1,119,268	672,897	1,090,138	1,195,330	777,390	760,064	1,187,415	816,338	831,065	445,723	238,008	227,800	230,888	244,672	246,053	266,112	261,617	266,704	128,237	65,811	63,928	63,426	63,031	56,800	56,548	54,020	44,154	49,501	51,733	49,387	49,227	48,541	44,013	42,882	43,471	52,169	70,489	72,718	72,060	24,495	24,592	24,356	20,769	19,849	21,521	30,996	33,178	30,693	28,639	28,138	28,133	27,643	25,585	23,299	20,585	28,571	30,158	29,739	30,091	28,293	27,882	26,387	13,520	12,396	11,337	13,894	13,853	11,163	9,841	10,438	9,930	9,071	10,357	59,894	59,614	21,068	5,567	5,186	5,684	6,160	6,282	8,068	10,086	7,871	8,143	7,989	6,823	7,645	7,437	7,600	0	0	0	0	0	0
Other Stockholder Equity	976,700	982,300	1,025,700	1,016,700	1,031,630	1,031,030	1,023,402	1,007,701	1,013,144	1,011,365	1,005,955	1,006,761	1,004,475	1,001,581	995,726	104,559	102,190	97,753	93,345	238,347	235,648	337,010	358,054	354,181	351,998	348,532	395,091	440,975	443,483	443,150	348,110	347,109	344,742	341,640	414,757	462,313	486,003	482,383	480,257	476,125	472,342	471,544	468,848	464,565	461,500	453,434	450,574	446,676	443,538	440,007	437,286	433,014	427,676	415,128	410,747	406,854	402,502	397,302	302,499	299,065	252,249	246,916	257,679	279,348	297,261	323,559	384,232	515,752	699,128	687,295	681,389	657,234	645,586	634,693	629,222	625,703	615,016	509,863	505,202	501,430	498,281	537,402	537,135	537,097	537,082	608,279	609,854	606,965	606,786	590,162	590,898	590,628	0	577,673	583,484	587,968	603,100	591,100	591,300	374,400	328,100	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	1,687,300	1,592,300	1,566,000	1,515,100	402,674	1,354,202	0	0	379,012	0	894,745	910,551	933,862	940,364	952,834	455,599	417,282	411,711	405,762	399,677	160,878	157,129	157,492	156,364	156,445	157,591	155,203	156,588	157,607	160,915	163,857	167,539	166,739	171,789	180,049	173,878	182,725	191,393	199,951	195,263	198,654	201,905	198,930	207,166	210,723	140,998	137,199	134,455	133,550	129,482	126,288	120,023	118,045	114,364	114,355	114,615	116,309	117,705	117,166	116,859	119,223	116,381	113,470	110,505	104,119	104,676	104,906	104,715	107,016	104,771	104,373	103,569	103,083	103,179	94,963	93,467	94,742	92,132	93,997	96,479	98,937	101,322	104,302	106,881	110,174	111,530	114,654	116,685	120,599	121,829	124,278	122,967	123,477	121,081	119,109	117,973	116,600	113,400	109,100	112,400	109,600	0
Property Plant And Equipment Net	1,184,800	1,107,600	1,093,000	1,062,200	1,027,756	947,242	940,514	941,331	909,875	909,988	894,745	910,551	933,862	940,364	952,834	455,599	417,282	411,711	405,762	399,677	160,878	157,129	157,492	156,364	156,445	157,591	155,203	156,588	157,607	160,915	163,857	167,539	166,739	171,789	180,049	173,878	182,725	191,393	199,951	195,263	198,654	201,905	198,930	207,166	210,723	140,998	137,199	134,455	133,550	129,482	126,288	120,023	118,045	114,364	114,355	114,615	116,309	117,705	117,166	116,859	119,223	116,381	113,470	110,505	104,119	104,676	104,906	104,715	107,016	104,771	104,373	103,569	103,083	103,179	94,963	93,467	94,742	92,132	93,997	96,479	98,937	101,322	104,302	106,881	110,174	111,530	114,654	116,685	120,599	121,829	124,278	123,477	0	121,081	119,109	117,973	116,600	113,400	109,100	112,400	109,600	0
Property Plant Equipment	0	1,107,600	411,300	402,100	402,674	372,083	370,452	376,593	379,012	369,815	894,745	910,551	399,157	105,584	952,834	183,997	387,482	174,459	172,359	166,688	160,878	157,129	157,492	156,364	156,445	157,591	155,203	156,588	157,607	160,915	163,857	167,539	166,739	171,789	180,049	173,878	182,725	191,393	199,951	195,263	198,654	201,905	198,930	207,166	210,723	140,998	137,199	134,455	133,550	129,482	126,288	120,023	118,045	114,364	114,355	114,615	116,309	117,705	117,166	116,859	119,223	116,381	113,470	110,505	104,119	104,676	104,906	104,715	107,016	104,771	104,373	103,569	103,083	103,179	94,963	93,467	94,742	92,132	93,997	96,479	98,937	101,322	104,302	106,881	110,174	111,530	114,654	116,685	120,599	121,829	124,278	122,967	123,477	121,081	119,109	117,973	0	0	0	0	0	0
Retained Earnings	4,391,700	4,283,500	4,093,400	3,933,000	3,794,965	3,590,688	3,370,936	3,163,445	3,004,690	2,851,747	2,750,665	2,645,871	2,601,662	2,596,022	2,529,842	2,565,597	2,530,429	2,477,259	2,412,768	2,349,300	2,307,462	2,249,327	2,182,484	2,124,535	2,079,697	2,056,961	2,044,719	1,994,617	1,956,532	1,909,189	1,940,767	1,890,967	1,854,456	1,806,052	1,742,549	1,690,808	1,643,914	1,569,531	1,488,722	1,419,919	1,368,386	1,310,393	1,241,987	1,176,708	1,092,719	1,066,216	1,003,641	944,767	891,789	836,940	783,050	734,981	697,676	662,853	629,193	601,399	582,199	560,446	526,827	500,373	497,485	455,619	389,751	329,624	284,794	223,761	151,987	92,320	48,988	-9,319	-68,704	-123,882	-168,332	-208,067	-233,075	-260,514	-271,858	-288,947	-307,983	-327,069	-336,790	-346,235	-354,607	-361,956	-366,796	-371,525	-380,508	-386,082	-389,919	-394,044	-399,139	-410,144	-410,144	-406,992	-421,596	-434,427	-443,600	-450,500	-464,300	-465,300	-468,200	0
Retained Earnings Total Equity	0	0	4,093,400	3,933,000	3,794,965	3,590,688	3,370,936	3,163,445	3,004,690	2,851,747	2,750,665	2,645,871	2,601,662	2,596,022	2,529,842	2,565,597	0	2,477,259	2,412,768	2,349,300	2,307,462	2,249,327	2,182,484	2,124,535	2,079,697	2,056,961	2,044,719	1,994,617	1,956,532	1,909,189	1,940,767	1,890,967	1,854,456	1,806,052	1,742,549	1,690,808	1,643,914	1,569,531	1,488,722	1,419,919	1,368,386	1,310,393	1,241,987	1,176,708	1,092,719	1,066,216	1,003,641	944,767	891,789	836,940	783,050	734,981	697,676	662,853	629,193	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
Short Long Term Debt	8,600	14,700	9,200	7,600	70,471	69,295	70,628	70,263	9,528	19,292	366,965	20,802	528,830	28,844	27,696	38,427	44,706	44,673	60,106	50,927	25,429	1,179	1,188	1,210	1,224	1,213	1,389,270	29,281	1,218	36,782	44,733	49,489	1,025	0	0	0	2,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	5,963,400	5,393,000	5,532,300	5,602,700	5,416,444	5,262,111	5,110,485	4,906,921	4,711,070	4,585,064	4,670,089	5,013,294	4,898,783	4,906,968	5,096,245	1,567,078	1,283,752	1,372,232	1,427,100	1,242,800	1,223,500	1,261,600	1,298,400	1,335,000	1,348,600	1,409,200	1,359,700	1,339,100	1,385,200	1,455,500	1,405,400	1,440,700	1,501,100	1,501,300	1,486,000	1,388,800	1,451,608	1,517,200	1,568,400	1,502,800	1,487,700	1,577,500	1,615,900	1,674,900	1,735,100	721,800	584,100	618,500	696,822	730,900	758,400	708,100	757,471	580,300	579,800	662,497	724,037	704,900	929,900	1,024,467	1,171,118	1,177,499	1,245,423	1,280,815	1,375,235	1,362,864	1,367,821	1,268,593	1,168,147	371,795	354,785	380,266	407,252	570,820	270,213	299,511	417,586	427,600	435,596	424,795	422,162	432,599	450,330	448,419	417,974	459,125	490,714	509,717	451,966	491,328	439,730	483,325	483,325	459,794	452,345	443,842	426,300	423,400	478,900	594,800	595,800	0
Short Term Debt	8,600	14,700	9,200	7,600	70,471	69,295	70,628	70,263	9,528	19,292	366,965	20,802	528,830	28,844	27,696	24,476	26,685	25,899	27,600	28,500	56,200	32,300	36,700	42,900	35,300	40,900	25,200	29,300	22,100	36,800	44,700	49,500	44,300	46,600	49,200	51,900	85,178	45,400	47,400	45,200	40,100	42,000	43,500	40,100	32,800	25,000	21,400	15,200	53,900	5,200	4,800	4,800	31,578	96,700	96,000	121,545	126,168	3,900	25,052	267,266	329,190	527,765	502,730	532,793	563,924	561,288	529,336	491,355	424,260	22,979	5,663	31,789	55,020	219,166	21,452	31,432	31,413	31,184	32,165	2,146	2,120	2,102	6,084	6,067	5,778	5,530	5,530	5,530	5,530	1,530	1,530	585	585	2,160	4,417	3,861	3,800	2,400	2,400	12,200	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Total Assets	15,060,900	15,168,600	15,162,700	14,971,200	14,811,686	14,080,564	13,863,266	13,185,033	12,617,699	12,481,018	12,299,079	11,878,270	11,880,214	11,868,339	11,732,014	5,230,956	5,017,635	5,047,411	5,067,900	4,984,700	4,605,000	4,778,800	4,715,000	4,713,300	4,735,500	4,764,400	4,623,700	4,511,300	4,490,900	4,609,300	4,692,700	4,690,800	4,587,500	4,642,500	4,726,400	4,612,400	4,754,437	4,905,500	4,929,100	4,688,800	4,618,300	4,679,500	4,635,700	4,669,300	4,615,000	3,420,000	3,186,700	3,147,200	3,078,452	3,067,400	3,025,900	2,952,500	2,826,774	2,635,300	2,521,300	2,539,153	2,494,193	2,498,700	2,519,500	2,572,702	2,720,977	2,920,895	2,899,186	2,790,142	2,859,887	2,879,931	2,840,849	2,788,263	2,823,983	1,868,099	1,765,934	1,684,733	1,651,159	1,738,844	1,279,543	1,279,526	1,356,855	1,233,383	1,184,384	1,223,068	1,161,205	1,153,483	1,098,016	1,075,105	1,015,118	1,091,468	1,104,154	1,116,077	1,157,958	1,158,395	1,173,586	1,170,033	1,170,033	1,143,427	1,152,211	1,121,212	1,028,800	1,052,000	1,089,800	994,900	950,500	0
Total Current Assets	8,391,600	8,611,400	8,583,400	8,448,100	8,330,539	7,897,087	7,606,475	6,878,969	6,350,111	6,215,496	5,995,747	5,575,140	5,506,626	5,597,450	5,438,386	2,777,478	2,540,411	2,578,480	2,584,800	2,513,800	2,385,600	2,506,500	2,447,000	2,418,700	2,408,900	2,410,100	2,305,600	2,203,400	2,172,400	2,243,800	2,306,700	2,274,400	2,257,600	2,366,100	2,368,100	2,313,500	2,350,338	2,450,100	2,408,600	2,248,500	2,198,500	2,218,700	2,194,700	2,176,700	2,087,200	1,905,900	1,836,200	1,794,400	1,737,420	1,761,800	1,704,700	1,633,700	1,513,686	1,517,800	1,404,500	1,391,482	1,331,004	1,357,800	1,379,700	1,432,936	1,557,663	1,765,993	1,743,017	1,637,155	1,680,499	1,713,397	1,670,473	1,617,519	1,618,012	1,120,212	1,017,571	938,824	908,863	1,013,280	777,521	779,565	854,916	732,987	686,092	718,637	656,288	683,277	670,105	636,890	577,057	653,502	667,700	677,859	718,035	723,978	733,311	764,225	764,225	754,087	762,822	731,590	653,800	674,300	707,600	608,700	582,100	0
Total Current Liabilities	3,388,400	3,653,600	3,581,700	3,538,900	3,817,347	3,567,572	3,592,834	3,262,133	3,049,808	3,138,099	3,301,956	2,726,011	2,986,457	2,540,935	2,301,726	1,040,505	1,084,059	1,104,524	1,124,800	1,150,700	1,061,900	1,051,500	1,025,900	1,021,600	1,041,000	1,043,400	964,400	920,100	896,800	960,000	970,900	983,300	947,800	1,016,800	1,011,800	1,039,100	1,063,872	1,126,700	1,114,300	1,074,800	1,043,800	1,036,800	1,041,100	1,038,800	964,900	910,000	894,500	878,200	845,846	822,700	776,600	806,800	708,233	834,900	767,100	749,848	680,834	609,200	600,200	876,877	1,006,009	1,411,010	1,344,095	1,274,560	1,291,925	1,362,284	1,290,101	1,243,585	1,153,672	734,506	698,554	698,856	719,886	877,875	573,472	583,235	564,245	565,417	534,949	526,079	479,710	478,042	431,143	420,915	398,475	440,122	429,208	428,931	529,479	483,753	557,208	523,842	523,842	522,732	550,211	535,327	454,800	486,900	486,000	504,100	466,500	0
Total Liab	10,029,000	10,286,100	10,362,400	10,381,500	10,362,114	9,888,618	9,751,959	9,217,555	8,841,488	8,899,201	8,774,078	8,478,567	8,543,825	8,655,115	8,631,613	3,028,830	2,758,964	2,860,701	2,933,100	2,788,300	2,469,600	2,547,000	2,549,200	2,580,400	2,619,400	2,657,200	2,528,600	2,453,800	2,480,900	2,616,700	2,750,100	2,797,300	2,813,600	2,882,700	2,860,500	2,775,100	2,826,272	2,996,900	3,039,600	2,915,200	2,853,600	2,941,200	2,993,100	3,051,900	3,039,000	1,875,500	1,718,200	1,736,000	1,732,542	1,783,900	1,772,600	1,753,300	1,678,180	1,540,000	1,470,000	1,511,908	1,497,904	1,537,300	1,697,900	1,797,007	1,988,981	2,203,879	2,229,758	2,161,503	2,251,411	2,308,138	2,281,749	2,165,070	2,060,756	1,172,918	1,136,132	1,137,040	1,159,709	1,299,220	873,800	904,493	1,003,302	1,005,152	982,978	1,042,866	993,517	957,776	909,276	898,072	845,830	926,928	947,022	967,409	1,013,307	1,017,773	1,037,322	1,045,046	1,045,046	1,014,960	1,032,538	1,009,890	911,500	937,900	989,700	1,112,700	1,093,100	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,231,837	2,165,755	2,132,914	2,116,143	2,107,233	2,095,106	2,057,483	2,010,012	1,992,633	1,942,574	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,037,100	4,882,500	4,800,300	4,589,700	4,449,572	4,191,946	4,111,307	3,967,478	3,776,211	3,581,817	3,525,001	3,407,060	3,336,389	3,213,224	3,100,401	2,202,126	2,258,671	2,186,710	2,134,800	2,196,400	2,135,400	2,231,800	2,165,800	2,132,900	2,116,100	2,107,200	2,095,100	2,057,500	2,010,000	1,992,600	1,942,600	1,893,500	1,773,900	1,759,800	1,865,900	1,837,300	1,928,652	1,908,600	1,889,500	1,773,600	1,764,700	1,738,300	1,642,600	1,617,400	1,576,000	1,544,500	1,468,500	1,411,200	1,345,998	1,283,500	1,253,300	1,199,200	1,148,594	1,095,300	1,051,300	1,027,245	996,289	961,400	821,600	775,695	731,996	717,016	669,428	628,639	608,476	571,793	559,100	623,193	763,227	695,181	629,802	547,693	491,450	439,624	405,743	375,033	353,553	228,231	201,406	180,202	167,688	195,707	188,740	177,033	169,288	164,540	157,132	148,668	144,651	140,622	136,264	124,987	124,987	128,467	119,673	111,322	117,300	114,100	100,100	-117,800	-142,600	0
Treasury Stock	0	0	-984,500	-982,000	-969,150	-957,805	-957,083	-956,775	-956,188	-950,004	-947,698	-939,756	-938,335	-937,520	-937,515	-937,078	-937,157	-937,135	-904,873	-777,216	-758,018	-669,212	-647,843	-647,613	-647,158	-647,138	-596,659	-546,934	-542,537	-541,706	-771,830	-771,760	-772,679	-772,659	-695,959	-637,755	-616,366	-616,075	-615,609	-614,502	-610,430	-607,273	-606,012	-605,478	-604,050	-600,059	-598,949	-595,944	-593,329	-591,740	-591,464	-591,289	-591,007	-590,602	-590,464	-590,383	-590,353	-590,319	-590,306	-590,288	-590,288	-590,330	-576,293	-536,411	-511,478	-480,773	-415,252	-277,862	-70,820	-68,599	-67,769	-66,323	-61,821	-61,654	-61,630	-61,630	-61,449	-61,438	-61,438	-61,438	-61,370	-33,858	-33,858	-33,841	-33,841	-33,842	-33,835	-33,852	-33,852	-33,852	-33,406	-33,406	-33,406	-32,635	-26,487	-20,838	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	-487	0	0	0	-18	0	0	-1	-106	0	0	0	-88	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Begin Period Cash Flow	527,348	212,583	449,135	150,902	96,343	118,000	110,100	160,300	128,300	123,700	86,100	63,900	53,600	112,300	86,300	72,297	73,395	22,125	34,523	27,495	22,570	75,057	21,079	8,819	8,100	7,600
Capital Expenditures	103,612	99,412	54,746	56,671	44,067	36,200	21,500	18,000	21,700	20,500	27,800	23,100	33,300	15,100	13,000	35,284	16,118	18,359	14,154	12,149	8,379	9,349	13,820	21,552	81,200	184,700
Cash And Cash Equivalents Changes	0	311,498	-236,552	298,233	0	-21,610	7,822	-50,148	31,960	4,594	37,626	22,230	10,292	-58,752	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-153,166	-56,274	-21,199	0	4,439	11,434	14,359	-17,256	-26,056	-18,244	16,217	13,169	17,621	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	963,500	314,765	-236,552	298,233	54,559	-21,700	7,900	-50,200	32,000	4,600	37,600	22,200	10,300	-58,700	26,000	14,041	-1,098	51,270	-12,398	7,028	4,925	-52,487	53,978	12,260	700	500
Change In Working Capital	-237,375	-954,698	-612,994	197,579	-12,338	-22,400	-129,100	14,600	-13,400	-88,200	-2,000	-17,300	-75,600	-33,100	168,500	31,503	-27,220	-34,101	160,004	-70,626	-24,338	-41,327	95,413	-24,598	-8,700	220,800
Change Receivables	0	-745,340	-668,487	47,879	0	-22,934	-127,140	55,139	97,344	-100,688	-73,447	36,415	-143,491	-118,478	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-86,368	-690,568	-531,828	47,879	11,453	-22,900	-113,000	56,800	40,100	-89,000	-30,500	36,400	-143,500	-118,500	179,662	28,352	4,462	-11,832	-83,660	-383,081	0	42,163	61,072	0	0	0
Change To Inventory	6,554	-817,046	-530,730	203,827	-47,297	-8,700	-119,000	-1,600	2,400	-36,800	-9,300	-29,400	-33,800	-34,000	107,800	26,556	-33,632	-27,673	-60,220	-63,767	25,238	41,241	48,511	-16,047	-45,000	-5,600
Change To Liabilities	0	621,377	724,041	99,678	23,505	22,314	192,342	-26,875	-137,801	56,424	18,532	-1,808	72,167	81,172	0	0	0	0	102,357	101,935	19,111	0	0	47,833	0	0
Change To Netincome	0	48,900	-85,565	-7,893	19,864	17,448	-39,625	84,562	52,816	6,307	44,291	19,274	24,676	34,666	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-139,477	81,544	132,606	-68,691	8,882	86,643	25,311	-33,162	-19,842	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	177,500	179,014	198,554	121,600	62,107	63,000	64,000	66,900	65,000	68,000	67,600	37,600	31,600	23,900	26,000	26,731	40,951	31,180	18,002	21,371	23,273	20,712	32,140	25,601	21,500	16,100
Dividends Paid	57,400	57,408	57,408	30,139	30,139	30,139	30,139	0	0	0	0	2,344,893	0	1,459,779	0	909,580	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	963,500	527,348	212,583	449,135	150,902	96,300	118,000	110,100	160,300	128,300	123,700	86,100	63,900	53,600	112,300	86,338	72,297	73,395	22,125	34,523	27,495	22,570	75,057	21,079	8,800	8,100
Exchange Rate Changes	0	0	4,552	8,710	0	-9,095	5,191	-3,634	-13,044	-6,885	-1,773	1,004	-4,990	3,873	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	1,020,900	-88,374	12,392	487,260	180,300	260,500	127,600	282,200	261,400	230,600	287,300	265,100	134,200	112,200	278,600	244,577	246,160	188,724	280,943	9,795	27,379	11,079	147,272	25,359	-14,800	92,200
Investments	-287,575	-283,575	2,537	-3,735,149	-60,800	-34,142	-5,295	-70,486	0	0	-1,205	0	0	59,054	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
Net Borrowings	0	694,489	-210,996	3,509,673	58,207	-126,857	-41,111	-266,875	86,421	-65,416	-253,290	1,027,196	-68,895	26,302	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	803,100	862,122	466,402	100,039	222,198	225,400	163,200	101,100	208,400	275,400	276,500	223,900	196,240	115,500	105,100	212,691	240,631	217,320	103,526	64,932	30,006	23,123	20,225	33,438	35,100	-7,700
Other Cashflows From Financing Activities	57,400	4,444,260	3,186,788	-105,729	1,290,497	1,334,074	7,300	-10,800	1,627,231	-31,200	-14,200	4,663,686	21,040	2,912,358	-9,236	1,829,353	222,196	393,253	-25,204	-62,585	4,543	-50,475	-38,447	52,829	-176,400	232,900
Other Cashflows From Investing Activities	0	-184,163	57,283	-3,678,478	-5,931	2,068	16,212	-52,529	-148,572	-123,639	10,807	-1,287,922	-47,996	-264,465	120	63,794	487	0	2,014	0	0	0	0	0	0	0
Other Non Cash Items	-1,020,900	-120,565	62,640	138,972	-79,867	5,155	86,591	150,307	-32,699	-18,366	-63,517	-2,688	-14,547	-15,752	-13,324	17,357	15,129	9,127	10,005	3,763	3,170	4,002	1,279	9,710	15,300	-100
Sale Purchase Of Stock	-61,069	-11,069	-27,158	-2,901	-153,049	-127,200	-106,800	-2,900	-154,200	-700	-4,200	-12,280	-7,840	-655	-64	-78,852	-440,845	0	0	-20,144	-27,295	0	0	-28,064	-4,800	-658,000
Stock Based Compensation	40,300	46,401	30,821	19,279	19,062	16,445	14,809	12,493	12,899	14,766	15,917	15,088	15,407	15,752	13,324	-10,193	-18,360	-34,966	0	0	0	0	0	0	-10,500	45,400
Total Cash From Financing Activities	-57,400	584,035	-310,779	3,480,741	-109,766	-275,200	-141,200	-276,200	-67,800	-95,600	-257,500	1,044,000	-70,900	30,600	-264,900	-264,989	-212,606	400,115	-17,031	30,693	-22,314	-49,855	-37,958	26,038	6,300	-92,300
Total Cash From Operating Activities	1,020,900	11,038	67,138	543,931	224,367	296,700	149,100	300,200	283,100	251,100	315,100	288,200	167,500	127,300	291,600	279,861	262,278	207,083	295,097	21,944	35,758	20,428	161,092	46,911	66,400	276,900
Total Cashflows From Investing Activities	0	-283,575	2,537	-3,735,149	-60,800	-34,142	-5,295	-70,486	-170,230	-144,187	-18,223	-1,311,006	-81,343	-220,543	0	16,430	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
Begin Period Cash Flow	631,400	529,000	349,100	527,300	234,083	236,792	201,474	212,583	251,799	287,891	303,887	449,135	352,249	265,222	342,560	150,902	138,160	87,200	106,100	96,300	142,800	110,900	123,900	118,000	94,100	87,800	103,000	110,100	112,800	160,300	147,800	160,300	132,900	174,300	154,400	128,300	110,368	101,600	96,400	123,700	98,600	104,500	116,800	86,100	107,600	72,200	63,600	63,900	94,049	78,600	52,400	53,600	103,120	95,800	121,074	112,329	111,345	103,290	105,135	86,338	103,270	115,532	94,432	72,297	64,498	65,038	55,369	73,395	59,273	37,823	30,350	22,125	60,866	15,021	18,765	34,523	19,247	9,419	13,800	27,495	30,324	33,205	31,385	22,570	25,767	24,471	28,661	75,057	2,960	4,891	3,143	18,064	18,064	17,239	38,635	8,819	31,800	41,400	28,000	8,100	117,602	150,902
Capital Expenditures	28,700	19,300	30,400	13,900	40,046	27,725	16,394	15,247	29,576	4,979	9,980	10,211	14,109	15,399	11,401	15,762	13,744	8,923	10,600	10,800	12,500	7,300	8,700	7,700	5,500	6,200	5,300	4,500	4,800	6,100	3,500	3,600	5,500	3,600	7,600	5,000	4,512	4,200	6,800	5,000	7,300	8,700	5,800	6,000	3,600	7,200	7,800	4,500	9,381	8,100	10,300	5,600	5,009	4,100	3,776	2,246	2,465	4,281	3,368	2,856	8,337	7,344	8,284	11,319	4,947	4,538	3,785	2,848	3,487	6,175	4,491	4,206	3,157	3,110	5,184	2,703	5,255	1,675	2,564	2,655	2,829	2,111	1,676	1,763	3,918	2,055	1,879	1,497	2,976	2,872	5,539	6,707	6,707	7,200	4,373	3,272	6,300	6,800	57,900	10,200	1,800	2,800
Cash And Cash Equivalents Changes	0	0	177,500	-179,400	302,075	4,425	24,912	-19,914	-39,216	-36,092	-15,996	-145,248	96,886	25,393	-15,704	191,658	0	50,942	-18,882	9,757	-46,417	31,820	-12,957	5,944	23,870	6,284	-15,201	-7,131	-2,706	-47,453	12,456	-12,445	27,427	-41,455	19,956	26,032	17,951	8,725	5,287	-27,369	25,150	-5,937	-12,279	30,692	-21,538	35,439	8,557	-228	-30,180	15,434	26,183	-1,145	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-31,700	-25,200	-51,690	-20,811	-46,484	-34,181	-75,573	33,590	-31,431	17,140	5,456	-23,530	0	-3,125	0	-13,010	-22,784	15,074	26,527	-9,222	-17,683	4,817	19,949	-2,155	-13,230	6,870	22,984	4,150	-8,178	-4,597	-5,204	-12,452	-21,074	21,474	8,850	-2,819	-12,419	-19,668	-12,363	-43,810	7,769	30,160	10,376	1,673	2,223	1,945	12,586	-2,787	384	2,986	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-107,300	102,400	179,900	-178,200	293,265	-2,709	35,318	-11,109	-39,216	-36,092	-15,996	-145,248	96,886	87,027	-77,338	191,658	12,742	50,960	-18,900	9,800	-46,500	31,900	-13,000	5,900	23,900	6,300	-15,200	-7,100	-2,700	-47,500	12,500	-12,500	27,400	-41,400	19,900	26,100	17,951	8,800	5,200	-27,300	25,100	-5,900	-12,300	30,700	-21,500	35,400	8,600	-300	-30,180	15,400	26,200	-1,200	-49,543	7,300	-25,270	8,745	984	8,055	-1,845	18,797	-16,932	-12,262	21,100	22,135	7,799	-540	9,669	-18,026	14,122	21,450	7,473	8,225	-38,741	45,845	-3,744	-15,758	15,276	9,828	-4,381	-13,695	-2,829	-2,881	1,820	8,815	-3,197	1,296	-4,190	-46,396	72,097	-1,931	1,748	3,015	3,015	825	-21,396	29,816	-23,000	-9,600	13,400	19,900	-17,500	-33,300
Change In Working Capital	-118,900	184,600	208,800	-443,800	189,624	-431,075	-374,469	-338,778	-213,956	-233,397	-207,646	30,235	35,825	160,106	28,643	-26,995	65,163	57,099	-85,200	-49,400	40,400	2,300	-38,700	-26,400	-6,000	-67,000	-33,700	-22,400	55,700	-600	-36,800	-3,700	44,900	-28,600	-46,800	17,100	31,786	-2,300	-90,800	-29,100	51,400	26,000	-44,500	-34,900	24,200	-26,200	-29,400	14,100	22,589	-9,600	-89,600	-1,000	-22,220	-2,100	-34,653	37,011	-18,593	44,660	26,449	92,801	-3,864	5,786	-7,521	37,102	-30,489	2,249	-29,977	30,997	59,329	-57,259	-21,182	-14,989	83,802	-8,488	685	84,005	-95,372	-5,074	37,983	-8,163	14,451	2,121	-13,699	-27,211	26,395	21,746	18,388	-107,856	122,402	-90,696	58,533	-7,790	9,028	-9,143	-41,234	33,569	-26,500	22,100	-41,100	36,800	115,600	8,900
Change Receivables	0	0	-65,200	-42,000	7,396	-20,631	-425,361	-306,744	-62,670	-208,136	-287,832	-109,849	58,997	23,590	0	-34,708	0	17,784	-70,966	-54,271	61,422	-20,219	-56,614	-7,523	43,106	-90,693	-75,721	-3,832	42,690	257	-23,319	35,511	82,250	-57,689	51,003	21,780	77,058	-68,348	-76,981	-32,417	50,434	-18,917	-30,692	-74,272	100,432	-4,952	-20,851	-38,214	11,195	-48,208	-36,767	-69,711	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	185,600	29,500	-29,400	-133,500	47,071	-20,872	-392,209	-324,558	-10,337	-149,204	-254,875	-117,412	44,295	-25,718	83,246	-53,944	134,356	34,497	-80,700	-76,700	81,300	-1,600	-65,100	-37,500	61,700	-78,700	-73,900	-22,100	59,900	14,200	-27,900	10,600	89,900	-46,000	-13,500	9,700	85,938	-52,900	-66,800	-55,300	61,300	13,200	-30,700	-74,300	100,400	-4,900	-20,900	-38,200	11,195	-48,200	-36,800	-69,700	69,400	-69,400	-30,773	-38,723	179,662	15,342	7,200	96,326	28,352	0	0	-23,153	4,462	0	0	0	-11,832	0	0	-251,496	-83,660	0	57,418	-147,858	-468,047	0	0	0	0	0	0	0	42,163	0	0	25,694	61,072	30,023	39,473	29,303	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-5,700	11,200	149,900	-223,800	69,282	-355,565	-316,560	-214,203	-102,325	-160,133	-143,500	-124,772	126,146	22,250	17,624	37,807	-45,797	38,200	1,100	-40,800	-31,900	11,800	8,400	3,000	-32,300	-49,800	-10,500	-26,400	6,100	-3,300	13,100	-17,500	41,300	-12,200	-13,500	-13,200	17,206	-9,200	-27,500	-17,400	2,400	16,000	-25,300	-2,400	-13,400	1,400	-19,400	2,000	10,386	-3,400	-2,100	-38,700	6,903	-19,100	-23,909	2,065	-9,238	25,075	49,131	42,880	40,904	-10,481	-30,771	26,904	-10,027	-9,291	-22,084	7,770	11,031	-5,954	-25,807	-6,943	-45,894	-10,732	-5,631	2,037	-3,547	-300	-31,392	-28,528	5,541	14,256	1,264	4,177	14,299	12,700	7,000	7,242	36,130	16,729	5,232	16,711	16,711	1,195	-22,043	-11,910	-10,600	-1,800	-30,600	-2,000	0	0
Change To Liabilities	0	-7,900	4,000	-233,200	127,556	-12,729	362,474	144,076	12,138	209,070	223,931	250,987	-129,299	251,430	-72,227	-22,453	-23,397	1,005	-30,493	44,788	-1,007	20,378	16,907	-13,964	55,457	81,056	45,600	10,229	-30,935	2,027	-1,046	3,079	-97,588	32,503	-54,538	-18,178	-70,364	65,194	23,716	37,878	18,098	3,717	-6,494	3,211	-31,360	-8,057	16,676	20,933	-11,258	38,894	-42,618	87,149	88,324	138,974	93,247	74,473	0	0	0	0	0	127,123	85,200	8,950	0	51,447	32,821	27,145	0	30,592	21,341	0	102,357	91,149	22,785	17,377	101,935	92,503	76,449	60,416	19,111	31,326	22,378	11,135	0	0	0	0	0	0	32,088	0	47,833	53,352	77,099	58,555	0	0	0	0	0	0
Change To Netincome	0	2,500	17,500	23,600	2,971	17,205	22,802	5,922	-102,686	12,463	14,855	-10,132	2,131	-13,763	4,876	3,739	5,191	1,553	7,090	6,854	-2,336	2,657	9,306	7,821	-60,675	6,340	7,740	6,970	-28,757	89,501	12,628	11,190	8,979	14,412	13,911	15,514	-20,995	5,859	11,377	10,066	-7,214	17,055	11,526	22,924	-9,261	9,747	9,447	9,341	7,966	39	12,760	3,911	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	44,600	-71,400	-80,400	-37,080	123,736	72,274	-72,274	-96,018	11,770	-33,202	21,432	-107,131	19,222	83,393	4,516	-31,819	-13,123	-37,951	14,202	6,025	423	-10,328	12,762	86,643	5,385	-20,221	12,796	25,311	17,773	808	9,791	-33,162	0	0	0	-19,842	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	44,900	45,100	46,900	44,400	43,445	42,723	45,866	46,980	53,909	56,732	46,704	41,209	41,276	45,476	18,755	16,093	16,072	15,635	15,200	15,200	15,700	15,600	15,800	15,900	16,200	16,200	15,600	16,000	16,600	17,000	16,900	16,400	16,700	16,200	16,200	15,900	17,041	17,400	17,200	16,400	16,900	16,800	17,200	16,700	11,200	9,900	8,400	8,100	8,746	7,700	7,700	7,500	6,251	6,000	5,620	6,101	6,119	6,410	6,359	7,157	6,563	4,645	7,642	7,881	10,902	10,006	10,144	9,899	10,254	7,208	6,884	6,834	5,739	4,557	3,480	4,226	6,831	3,159	6,217	5,164	7,296	5,176	4,666	6,135	3,221	7,430	4,680	5,381	7,207	9,577	7,527	6,430	6,430	7,354	5,857	5,960	1,600	5,600	9,300	5,000	4,600	3,900
Dividends Paid	-33,300	33,600	33,500	14,400	14,352	14,352	14,352	14,352	14,352	14,352	14,352	14,352	14,352	14,511	1,276	15,787	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	277,415	0	0	0	30	0	0	0	1,586,641	0	0	0	203,265	0	0	279	737,263	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	524,100	631,400	529,000	349,100	527,348	234,083	236,792	201,474	212,583	251,799	287,891	303,887	449,135	352,249	265,222	342,560	150,902	138,160	87,200	106,100	96,300	142,800	110,900	123,900	118,000	94,100	87,800	103,000	110,100	112,800	160,300	147,800	160,300	132,900	174,300	154,400	128,319	110,400	101,600	96,400	123,700	98,600	104,500	116,800	86,100	107,600	72,200	63,600	63,869	94,000	78,600	52,400	53,577	103,100	95,804	121,074	112,329	111,345	103,290	105,135	86,338	103,270	115,532	94,432	72,297	64,498	65,038	55,369	73,395	59,273	37,823	30,350	22,125	60,866	15,021	18,765	34,523	19,247	9,419	13,800	27,495	30,324	33,205	31,385	22,570	25,767	24,471	28,661	75,057	2,960	4,891	21,079	21,079	18,064	17,239	38,635	8,800	31,800	13,400	28,000	-17,500	117,602
Exchange Rate Changes	0	0	0	0	0	0	0	0	960	10,303	-8,604	1,893	9,724	7,282	0	-8,296	0	-3,209	-225	159	-4,402	324	-3,217	-1,800	-2,294	3,720	3,391	374	-4,902	-2,448	-2,149	5,865	2,146	-10,271	1,073	-5,992	-7,515	3,788	-1,697	-1,461	-296	-85	-1,791	399	769	102	-2,767	2,900	-475	-6,394	473	1,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	40,600	342,400	287,200	-269,300	381,613	-133,815	-149,014	-187,158	-135,108	64,896	-27,675	110,279	110,884	270,851	89,759	15,766	93,959	116,541	-48,300	18,100	109,700	80,400	25,100	45,300	62,500	8,100	13,900	43,100	78,200	72,500	56,500	75,000	101,600	39,800	34,900	85,100	106,824	84,800	-2,700	41,700	128,100	51,200	33,600	74,400	95,000	67,200	49,100	53,800	86,324	41,200	-19,600	26,200	46,777	2,600	-3,694	66,428	-1,655	81,871	66,740	131,738	50,454	75,741	37,740	80,642	50,122	74,399	48,686	72,953	138,526	-671	22,555	28,314	125,826	27,757	27,510	99,850	-75,624	18,478	61,866	5,075	34,408	14,734	-3,452	-18,311	38,496	44,589	27,713	-99,719	139,639	-76,550	67,359	1,624	1,624	4,709	-26,357	45,383	-10,600	36,600	-79,400	38,600	-23,600	14,400
Investments	-28,400	-17,500	-31,100	-12,600	-226,368	-26,245	-15,826	-15,136	-34,069	4,252	-12,188	44,542	-11,252	4,058	-3,617,690	-110,265	-7,310	-3,191	-11,782	-38,517	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,205	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	-145,200	-76,800	181,000	147,541	154,327	201,394	191,227	121,194	-94,563	52,721	-288,499	-16,721	3,241,777	3,516,020	284,617	-89,976	-68,731	192,544	22,066	-37,393	-28,156	-34,432	-26,876	-60,029	48,023	14,595	-43,700	-76,357	-121,400	-35,221	-33,897	-7,319	18,604	94,116	-18,980	-99,713	-42,593	56,908	19,982	-105,958	-52,963	-42,828	-51,541	950,336	148,167	-36,923	-34,384	-76,617	-19,423	48,151	-21,006	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	142,500	234,000	192,400	197,200	219,132	240,210	221,149	181,631	167,768	120,196	119,284	59,154	20,286	80,038	-34,460	34,175	52,693	64,305	63,200	42,000	58,100	66,700	57,700	42,900	22,300	53,500	49,600	37,800	47,800	-31,100	49,900	34,500	48,600	62,400	50,600	46,800	73,978	80,900	68,700	51,900	58,000	69,100	65,300	84,100	26,496	63,391	58,932	52,940	54,849	53,890	50,207	37,300	34,823	33,700	27,793	19,200	21,753	33,619	26,454	23,262	41,867	65,867	60,127	44,830	61,032	71,774	59,667	48,158	58,307	59,385	55,178	44,450	39,735	25,008	27,439	11,344	17,089	19,036	19,086	9,721	9,445	8,372	7,349	4,840	4,729	8,983	5,574	3,837	4,125	5,095	7,513	-3,151	-3,151	14,603	12,831	9,155	6,900	13,700	11,600	2,900	-24,600	26,400
Other Cashflows From Financing Activities	-13,200	1,248,000	630,400	904,700	1,330,957	1,390,158	749,135	974,010	-15,826	900,872	585,354	-4,980	-9,275	-10,849	-81,245	581,151	198,834	185,077	454,956	451,608	231,312	220,605	1,200	-10,600	479,976	475,495	32,600	4,000	-6,400	-5,000	-11,400	12,000	344,273	426,398	494,381	-6,700	569,375	285,045	211,488	427,343	-11,300	-11,000	4,300	3,800	3,137,082	417,179	606	-83	407,960	8,775	100,136	2,058	1,476,526	1,838	105,172	205,926	101,453	46,171	175,603	71,174	-29,674	-74,525	11,446	-93,426	12,594	-5,547	100,669	114,480	406,072	17,499	-10,282	-20,036	-167,082	292,703	-32,047	-118,778	-34,176	-10,914	-37,360	-279	-42,284	-13,634	6,119	27,047	-41,364	-39,945	-21,598	52,432	-67,248	77,953	-55,665	24,473	24,473	4,716	9,655	13,985	-12,700	-55,900	91,900	-16,900	17,500	16,500
Other Cashflows From Investing Activities	0	2,400	600	1,300	-186,322	1,480	568	111	-4,493	9,231	-2,412	611	2,857	-3,586,832	2,036	-94,503	-10,506	5,730	-1,208	27,742	5,677	-12,293	-76	8,760	19,702	-23	-3,434	-33	-103,274	-201	598	50,348	-81,861	366	-67,862	785	9,722	-70	-42,143	-91,148	1,531	-378	4,710	4,944	-1,086,850	-179,126	23	-21,969	-39,916	169	-493	-7,756	55,932	59,979	59,232	1,380	120	1,439	1,137	82	63,794	69,651	66,578	60,013	487	454	0	0	0	0	0	0	2,014	1,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	224	224	0	0	0	0	0	0	0
Other Non Cash Items	1,800	-100,200	-123,400	-76,500	-34,015	26,358	-46,724	-66,184	-48,345	119,120	6,623	-2,988	33,604	3,951	89,139	6,276	-53,871	-14,196	-32,000	20,200	-5,345	-3,000	-4,400	17,900	79,491	9,600	-16,400	13,900	-26,193	128,500	23,100	24,900	-32,599	-16,200	13,700	2,400	-13,367	-11,100	3,200	-400	21,617	-65,439	-5,300	-5,600	23,638	16,210	7,448	-27,843	-197	-2,843	7,365	-16,879	3,099	-34,435	1,803	2,553	1,366	-1,985	4,792	5,676	20,068	6,365	-14,224	1,655	20,748	4,083	1,567	-11,651	30,709	809	-13,468	-8,105	2,507	1,836	1,863	3,799	-1,664	3,060	1,303	1,063	1,066	1,426	1,163	-487	3,579	-1,491	796	1,119	1,920	-751	110	10,008	0	-887	589	0	5,000	-100	8,100	-100	-144,800	2,800
Sale Purchase Of Stock	-25,000	-50,000	-2,600	-19,200	-11,069	-7,751	-17,212	-16,793	4,342	-20,784	-12,433	-4,342	-869	-7	-459	-1,566	-314	-13	-150,100	-2,600	-100,100	-25,200	-200	-1,700	-100	-50,000	-50,200	-6,500	-700	-1,800	100	-500	-100	-75,000	-51,400	-27,700	-6,622	-200	-100	-300	-1,500	-1,700	-300	-700	-4,043	-2,614	-3,006	-2,617	-1,590	-275	-4,736	-1,239	-406	-138	-81	-30	-34	-12	-18	0	0	-14,037	-39,882	-24,933	-30,705	-65,521	-137,390	-207,229	0	0	0	0	0	0	0	0	20,144	0	0	-20,144	0	0	0	0	0	0	0	0	0	0	0	-378	-378	-6,148	-5,649	-15,889	0	0	0	0	-800	9,100
Stock Based Compensation	13,400	7,900	-11,700	11,700	11,955	9,712	15,823	8,911	8,037	9,605	7,225	5,954	19,279	6,002	0	0	19,062	0	0	0	16,445	0	0	0	14,809	0	0	0	12,493	0	0	0	12,899	0	0	0	14,766	0	0	0	3,383	3,739	0	0	3,366	3,199	4,720	3,803	3,047	2,853	4,528	4,979	4,300	4,335	3,600	3,517	3,537	3,468	3,158	3,161	-10,193	-2,172	0	3,223	-18,360	622	-91	-149	-34,966	-3,386	0	2,568	0	0	0	0	0	1	0	0	0	1	1	0	0	0	-1	0	0	0	0	0	0	0	0	0	0	100	-10,600	2,400	0	0
Total Cash From Financing Activities	-150,500	-233,000	-109,000	88,600	106,784	136,760	173,358	167,133	99,425	-120,522	22,491	-312,173	-26,579	-205,687	3,434,316	278,691	-91,684	-68,182	30,900	19,200	-150,300	-61,100	-34,900	-28,900	-49,100	-5,600	-35,800	-50,700	-78,100	-122,000	-41,300	-34,800	5,500	-71,300	51,800	-53,800	-91,080	-79,700	51,800	23,600	-103,000	-56,600	-48,900	-49,000	969,600	147,100	-37,700	-35,000	-76,113	-19,500	45,800	-21,100	153,581	1,000	-61,469	-62,438	217	-79,640	-75,194	-110,328	-38,989	-88,575	-21,299	-116,126	-18,068	-71,049	-36,233	-87,256	406,438	17,414	-4,661	-19,076	-164,912	293,447	-31,125	-114,441	93,404	-8,728	-35,303	-18,680	-41,899	-13,610	6,139	27,056	-41,364	-39,897	-21,162	52,568	-67,175	78,070	-55,506	24,025	24,025	-1,201	4,723	-1,509	-12,600	-56,100	91,900	-16,900	16,700	25,600
Total Cash From Operating Activities	69,300	361,700	317,600	-255,400	421,659	-106,090	-132,620	-171,911	-105,532	69,875	-17,695	120,490	124,993	286,250	101,160	31,528	107,703	125,464	-37,700	28,900	122,200	87,700	33,800	53,000	68,000	14,300	19,200	47,600	83,000	78,600	60,000	78,600	107,100	43,400	42,500	90,100	111,336	89,000	4,100	46,700	135,400	59,900	39,400	80,400	98,600	74,400	56,900	58,300	95,705	49,300	-9,300	31,800	51,786	6,700	82	68,674	810	86,152	70,108	134,594	58,791	83,085	46,024	91,961	55,069	78,937	52,471	75,801	142,013	5,504	27,046	32,520	128,983	30,867	32,694	102,553	-70,369	20,153	64,430	7,730	37,237	16,845	-1,776	-16,548	42,414	46,644	29,592	-98,222	142,615	-73,678	72,898	8,331	8,331	11,909	-21,984	48,655	-4,300	43,400	-21,500	48,800	-21,800	17,200
Total Cashflows From Investing Activities	0	-61,200	-43,700	-12,600	-226,368	-26,245	-15,826	-15,136	-34,069	4,252	-12,188	44,542	-11,252	-3,613,632	-3,617,690	-110,265	-7,310	-3,191	-11,782	-38,517	-14,002	4,928	-8,646	-16,422	7,185	-6,152	-1,871	-4,457	-2,673	-1,678	-4,031	-62,104	-87,277	-3,252	-79,701	-4,241	5,210	-4,321	-48,916	-96,160	-7,027	-9,100	-1,066	-1,030	-1,090,465	-186,261	-7,802	-26,478	-49,297	-7,940	-10,791	-13,315	0	35,512	38,914	0	0	0	0	0	16,430	39,415	43,724	48,598	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Cost Of Revenue	17,541,500	16,758,794	14,425,444	9,998,329	6,777,456	6,609,200	6,194,400	5,887,800	6,024,800	6,278,600	5,967,900	5,247,900	4,889,100	4,065,400	3,724,100	4,904,200	4,781,336	4,234,079	3,580,398	3,029,132	2,676,701	2,735,006	3,014,520	3,196,344	2,806,100	2,486,500
Depreciation And Amortization	181,300	172,000	246,666	123,995	62,107	63,000	64,000	66,900	65,000	68,000	67,600	37,600	31,600	23,900	26,000	26,700	40,951	31,180	18,002	21,371	23,273	20,712	32,140	25,601	21,500	16,100
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
Ebit	1,381,300	1,438,085	801,873	347,038	346,217	352,500	321,000	455,900	373,700	466,200	496,500	372,500	333,000	211,000	180,000	345,600	394,224	387,778	238,142	158,603	639,682	84,295	112,262	169,191	144,500	169,700
Ebitda	1,562,600	1,610,085	1,048,539	471,033	408,324	415,500	385,000	522,800	438,700	534,200	564,100	410,100	364,600	234,900	206,000	372,300	435,175	418,958	256,144	179,974	662,955	105,007	144,402	194,792	166,000	185,800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	4,300	-26,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	4,843,700	4,661,322	3,792,068	2,327,666	1,581,461	1,567,400	1,484,600	1,448,200	1,493,700	1,611,000	1,545,400	1,331,400	1,236,600	998,500	899,900	1,206,600	1,222,116	1,086,524	840,705	712,121	610,065	590,774	643,513	684,752	614,000	538,900
Income Before Tax	992,000	1,136,651	581,912	122,842	282,061	281,100	252,500	131,500	303,900	384,100	379,900	317,800	279,400	157,700	137,200	304,900	331,028	317,566	150,884	99,498	39,091	25,970	33,368	56,713	58,400	800
Income Tax Expense	225,900	274,529	115,510	22,803	59,863	55,700	89,300	30,400	95,500	108,700	103,400	93,900	83,100	42,200	32,100	92,200	90,397	100,246	47,358	34,566	9,085	2,847	13,143	23,275	23,300	8,500
Interest Expense	389,300	294,420	268,073	226,591	64,156	0	68,450	76,575	69,832	0	0	47,762	53,600	57,600	53,800	50,076	63	25	30	41	0	0	0	0	0	0
Interest Income	0	294,420	268,073	226,591	64,156	71,415	66,600	75,062	69,832	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-251	1,651	1,020	-521	-6,812	-1,988	-327	-468	-2,314	-469	88	-18	-11	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	765,500	860,500	465,400	100,560	223,426	227,400	163,500	101,600	210,700	275,900	276,400	223,900	196,300	115,500	105,100	212,700	240,631	217,320	103,526	64,932	30,006	23,123	20,225	33,438	24,600	-7,700
Net Income Applicable To Common Shares	0	803,063	407,974	70,421	223,426	227,343	163,460	101,588	210,687	275,906	276,430	201,777	196,251	115,477	105,088	212,691	240,631	217,320	103,526	64,932	30,006	23,123	20,225	33,438	0	0
Net Income From Continuing Ops	842,722	847,379	509,085	109,100	222,198	229,153	156,752	98,635	212,905	270,381	284,191	201,759	196,240	115,477	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-379,620	-294,420	-268,073	-226,591	-64,156	-71,415	-68,450	-76,575	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-7,014	48,112	2,395	0	-71,415	0	-124,000	0	0	-15,540	0	0	4,285	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,406,400	1,438,085	801,873	347,038	346,217	352,500	321,000	332,000	373,700	466,200	481,000	369,000	333,000	211,000	180,000	345,600	394,224	364,983	209,286	149,446	86,045	76,625	95,385	134,842	125,000	107,800
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	20,978,800	19,982,031	17,415,639	11,978,957	8,012,700	7,824,100	7,358,000	7,004,000	7,144,800	7,423,400	7,032,300	6,210,300	5,792,700	4,852,900	4,444,000	5,765,200	5,609,228	4,955,620	4,211,817	3,591,807	2,651,721	3,249,155	3,562,648	3,746,254	3,295,100	2,917,600
Preferred Stock And Other Adjustments	0	57,408	57,408	30,139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	179,814	179,014	198,554	121,600	62,107	62,997	64,017	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
Selling And Marketing Expenses	0	0	0	0	0	44	148	14	49	8	10	36,214	17	17	4	22	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	3,220,723	3,044,223	2,791,641	1,859,028	1,173,137	1,151,944	1,099,748	1,049,286	1,054,951	1,076,808	996,810	961,014	871,983	763,583	693,896	834,278	791,133	692,881	612,780	544,532	501,462	494,382	517,156	524,309	467,500	415,000
Tax Provision	231,529	274,529	115,510	22,803	59,863	55,670	89,307	30,431	95,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	3,437,300	3,223,237	2,990,195	1,980,628	1,235,244	1,214,900	1,163,600	1,116,200	1,120,000	1,144,800	1,064,400	962,400	903,600	787,500	719,900	861,000	827,892	721,541	631,419	562,675	-24,980	514,149	548,128	549,910	489,000	431,100
Total Other Income Expense Net	-25,100	-301,434	-219,961	-224,196	-64,156	-71,415	-68,450	-123,900	-69,832	-82,064	-15,500	-3,500	-53,603	4,300	11,000	9,352	-63,196	-22,795	-28,219	-9,157	-4,637	-7,670	-16,877	-34,349	-19,500	-61,900
Total Revenue	22,385,200	21,420,116	18,217,512	12,325,995	8,358,917	8,176,600	7,679,000	7,336,000	7,518,500	7,889,600	7,513,300	6,579,300	6,125,700	5,063,900	4,624,000	6,110,800	6,003,452	5,320,603	4,421,103	3,741,253	3,286,766	3,325,780	3,658,033	3,881,096	3,420,100	3,025,400

	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
Cost Of Revenue	4,302,600	4,422,400	4,503,100	4,313,400	4,340,233	4,241,401	4,294,086	3,883,074	3,844,038	3,720,332	3,630,633	3,230,441	3,356,890	3,356,259	1,692,931	1,592,249	1,709,658	1,747,913	1,741,100	1,578,800	1,621,100	1,670,000	1,704,100	1,614,000	1,613,500	1,614,800	1,543,500	1,422,600	1,444,700	1,490,200	1,532,100	1,420,800	1,498,000	1,543,100	1,535,100	1,448,600	1,593,327	1,655,800	1,593,400	1,436,000	1,503,900	1,535,600	1,501,400	1,427,000	1,307,100	1,317,400	1,337,100	1,286,300	1,261,483	1,264,700	1,217,700	1,145,300	1,061,304	1,066,800	1,016,200	921,183	915,765	931,500	935,300	941,413	1,145,448	1,311,731	1,277,423	1,169,561	1,187,261	1,232,520	1,210,022	1,151,533	1,088,848	1,067,406	1,065,422	1,012,403	984,098	923,136	867,474	805,689	802,936	791,942	747,313	686,941	690,045	671,942	669,338	645,375	666,275	706,462	698,996	663,273	727,942	746,335	779,305	823,216	823,216	796,372	817,187	759,569	718,600	746,400	703,100	638,200	666,200	639,800
Depreciation And Amortization	44,900	45,100	46,900	34,300	39,438	42,035	44,671	45,856	53,909	56,732	46,704	41,209	41,276	45,476	18,755	16,093	16,072	15,635	15,200	15,200	15,700	15,600	15,800	15,900	16,200	16,200	15,600	16,000	16,600	17,000	16,900	16,400	16,700	16,200	16,200	15,900	17,041	17,400	17,200	16,400	16,900	16,800	17,200	16,700	11,200	9,900	8,400	8,100	8,746	7,700	7,700	7,500	6,251	6,000	5,600	6,101	6,119	6,400	6,400	7,157	6,563	4,645	7,642	7,881	10,902	10,006	10,144	9,899	10,254	7,208	6,884	6,834	5,739	4,557	3,480	4,226	6,831	3,159	6,217	5,164	7,296	5,176	4,666	6,135	3,221	7,430	4,680	5,381	7,207	9,577	7,527	6,430	6,430	7,354	5,857	5,960	1,600	5,600	9,300	5,000	4,600	3,900
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
Ebit	305,200	380,500	363,000	346,400	381,755	401,592	370,709	284,029	259,466	234,786	218,872	136,058	93,694	178,872	15,270	60,913	83,808	93,733	97,900	70,700	90,500	97,500	91,200	73,200	81,500	89,300	83,200	67,100	82,100	216,500	88,100	69,500	90,000	106,400	90,300	87,200	124,178	133,200	115,900	93,000	123,900	126,000	109,900	136,900	89,900	103,100	96,000	83,500	91,486	91,800	85,000	64,700	60,041	61,200	49,500	38,276	42,600	46,200	47,600	43,531	80,866	98,175	94,198	74,329	98,788	109,296	103,605	82,535	98,811	105,991	100,992	81,984	85,427	51,102	52,123	50,628	42,078	44,536	45,788	27,335	575,354	24,739	20,693	19,969	23,002	20,121	23,309	19,840	23,395	28,129	32,716	39,143	-4,184	49,348	44,063	36,637	31,600	42,900	41,500	28,400	-4,000	-1,600
Ebitda	350,100	425,600	409,900	380,700	421,193	443,627	415,380	329,885	313,375	291,518	265,576	177,267	134,970	224,348	34,025	77,006	99,880	109,368	113,100	85,900	106,200	113,100	107,000	89,100	97,700	105,500	98,800	83,100	98,700	233,500	105,000	85,900	106,700	122,600	106,500	103,100	141,219	150,600	133,100	109,400	140,800	142,800	127,100	153,600	101,100	113,000	104,400	91,600	100,232	99,500	92,700	72,200	66,292	67,200	55,100	44,377	48,719	52,600	54,000	50,688	87,429	102,820	101,840	82,210	109,690	119,302	113,749	92,434	109,065	113,199	107,876	88,818	91,166	55,659	55,603	54,854	48,909	47,695	52,005	32,499	582,650	29,915	25,359	26,104	26,223	27,551	27,989	25,221	30,602	37,706	40,243	45,573	2,246	56,702	49,920	42,597	33,200	48,500	50,800	33,400	600	2,300
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,300	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,170,800	1,222,000	1,242,400	1,208,500	1,218,261	1,204,515	1,189,439	1,049,107	1,007,881	1,007,993	965,157	811,036	771,951	785,542	393,775	376,398	389,794	400,197	409,000	382,500	390,300	397,200	399,900	379,900	383,100	385,400	366,100	350,000	348,600	365,000	379,500	355,200	363,500	380,800	381,600	367,700	402,158	422,400	411,800	374,800	376,200	395,700	392,600	381,100	337,300	338,800	335,600	319,700	328,039	315,700	306,800	286,000	270,283	257,800	242,900	227,416	216,957	220,900	223,900	238,177	284,346	316,356	310,330	295,645	301,920	313,087	308,086	299,023	287,205	275,660	270,554	253,105	252,624	208,313	194,586	185,182	184,996	182,566	183,707	160,852	160,074	153,659	150,900	145,432	149,190	146,487	149,453	145,644	152,344	159,219	164,831	170,538	170,538	178,299	172,124	163,791	156,700	156,800	161,100	139,200	139,800	137,900
Income Before Tax	208,200	278,300	264,200	241,300	290,483	325,847	301,036	219,285	199,076	165,066	152,084	65,685	19,384	104,332	-45,313	44,441	67,587	80,225	80,600	53,600	73,700	80,400	73,500	53,400	63,800	72,000	66,300	50,400	64,600	-52,100	68,500	50,700	80,100	85,900	71,700	66,300	103,937	112,400	95,600	72,300	76,800	100,100	88,100	115,000	68,200	90,400	84,500	74,500	79,534	76,700	71,100	52,100	44,157	47,500	38,700	27,252	29,669	39,900	34,900	32,639	64,057	88,698	86,936	65,254	82,166	91,727	86,820	70,315	79,973	89,269	82,851	65,473	57,391	37,060	39,062	17,371	26,286	28,203	29,806	15,204	13,393	11,772	7,167	6,761	5,306	5,816	3,232	6,042	6,535	8,492	12,472	-4,184	-4,184	24,314	21,350	15,233	11,500	22,900	19,200	4,800	11,600	11,500
Income Tax Expense	65,700	44,300	71,800	44,100	71,351	85,637	79,887	37,654	31,309	44,870	32,800	6,531	-904	24,294	-10,854	10,266	14,893	15,886	17,400	11,600	15,600	13,800	15,800	10,500	41,600	18,400	16,800	12,600	16,800	-21,100	18,600	16,200	31,500	23,500	21,000	19,500	29,959	31,600	26,700	20,400	18,800	31,000	22,700	30,900	19,600	27,000	25,600	21,600	24,696	22,800	20,900	14,800	9,334	13,800	10,900	8,052	7,916	6,300	8,500	9,377	22,190	22,830	26,809	20,424	21,134	19,953	27,153	22,157	21,666	29,884	27,673	21,023	17,656	12,052	11,623	6,027	9,197	9,166	10,720	5,483	3,948	3,399	-183	1,921	1,256	-3,167	3,232	1,526	2,410	3,397	4,959	-1,033	-1,033	9,711	8,519	6,078	4,600	9,100	7,700	1,900	36,100	-14,900
Interest Expense	97,000	98,500	98,800	95,000	87,265	75,057	68,478	63,620	60,390	69,720	67,590	70,373	74,310	74,540	60,583	16,472	16,573	17,559	17,652	17,469	16,893	17,517	17,341	16,283	68,450	17,311	16,816	16,721	76,575	20,792	19,452	18,829	69,832	20,417	18,613	20,894	20,241	20,798	20,337	20,688	20,608	21,304,000	21,769,000	21,926,000	14,669	12,700	11,477	9,000	11,952	15,100	13,900	12,641	15,885	13,700	14,400	13,530	13,805	13,600	13,800	12,518	50	1	12,538	14,563	63	1	1	1	25	5,094	5,613	6,393	30	1	6,849	1	41	10,309	10,148	9,840	10,871	10,849	10,821	10,388	10,186	10,725	11,130	10,944	11,277	11,929	10,937	10,997	11,115	11,046	10,741	10,878	0	0	0	0	15,500	13,100
Interest Income	0	98,500	98,800	95,000	87,265	75,057	68,478	63,620	60,390	69,720	67,590	70,373	74,310	74,540	60,583	16,472	16,222	13,508	17,307	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-600	-600	700	100	212	608	443	388	355	600	-7,268	-7,357	304	-640	-6,997	-232	-6,812	-156	-249	-419	-67	-204	-267	-1,450	-324	-99	25	71	407	589	54	-1,519	145	-1,119	-1,102	-238	-406	2	-15	-50	-39	-44	66	105	-14	-24	58	-38	-11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	141,900	233,400	193,100	197,100	218,920	225,200	206,300	166,800	167,412	119,596	119,195	59,178	19,984	80,678	-34,506	34,407	53,098	64,495	63,500	42,400	58,200	66,800	58,000	44,400	22,500	53,700	49,500	37,700	47,400	-31,600	49,800	36,000	48,400	63,500	51,800	47,000	74,383	80,800	68,900	51,900	58,000	69,200	65,300	84,100	48,600	63,400	58,900	52,900	54,849	53,900	50,200	37,300	34,823	33,700	27,800	19,200	21,753	33,600	26,400	23,262	41,867	65,868	60,127	44,830	61,032	71,774	59,667	48,158	58,307	59,385	55,178	44,450	39,735	25,008	27,439	11,344	17,089	19,037	19,086	9,721	9,445	8,373	7,350	4,840	4,729	8,983	5,573	3,837	4,125	5,095	7,513	-3,151	-3,151	14,603	12,831	9,155	6,900	13,800	1,000	2,900	-24,600	26,400
Net Income Applicable To Common Shares	0	219,000	178,700	182,700	204,568	225,250	206,354	166,891	153,061	105,244	104,843	44,826	5,629	66,167	-35,782	34,407	53,097	64,495	63,464	42,369	58,133	66,849	57,940	44,421	22,546	53,675	49,510	37,729	47,348	-31,611	49,798	36,053	48,412	63,503	51,741	47,031	74,383	80,816	68,802	51,905	57,994	69,162	65,285	83,989	26,510	63,415	58,874	52,978	54,849	53,890	50,207	37,305	34,823	33,661	27,793	19,200	21,753	33,619	26,454	23,262	39,728	63,727	57,988	42,690	61,032	71,774	59,667	48,158	58,307	59,385	55,178	44,450	39,735	25,008	27,439	11,344	17,089	19,036	19,086	9,721	9,445	8,372	7,349	4,840	4,729	8,983	5,574	3,837	4,125	5,095	7,513	3,492	18,835	14,603	12,831	9,155	0	0	0	0	0	0
Net Income From Continuing Ops	142,500	234,000	192,400	197,200	204,389	240,210	221,149	181,631	210,451	120,196	119,284	59,154	29,346	80,038	-34,459	34,175	52,693	64,339	63,215	41,950	61,864	66,645	57,673	42,971	15,589	53,576	49,535	38,052	45,286	-31,021	49,852	34,518	53,089	62,384	50,639	46,793	68,921	80,818	68,787	51,855	65,628	69,118	65,351	84,094	26,496	63,391	58,932	52,940	54,838	53,890	50,207	37,305	0	33,661	27,793	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-97,000	-98,500	-98,800	-95,000	-87,265	-75,057	-68,478	-63,620	-60,390	-69,720	-67,590	-70,373	-74,310	-74,540	-60,583	-16,472	-16,222	-13,508	-17,307	-17,120	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-800	-10,100	-4,007	-688	-1,195	-1,124	44,797	5,320	802	-2,807	153,990	-74,540	-60,583	-16,472	0	-13,508	-17,307	-17,120	-16,841	-17,050	-17,741	-19,783	0	0	0	0	-67	-123,933	0	0	0	0	0	0	0	0	0	0	-13,225	-2,315	0	0	0	0	0	0	0	0	0	0	0	0	1,778	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	315,700	380,500	363,800	346,400	381,755	401,592	370,709	284,029	220,283	229,466	218,872	133,251	92,763	178,095	15,270	60,913	83,808	93,733	97,900	70,700	90,500	97,500	91,200	73,200	81,400	89,300	83,100	67,100	82,100	92,600	88,000	69,500	90,000	106,300	90,300	87,200	124,178	133,200	115,900	93,000	110,600	123,700	109,900	136,900	86,400	103,100	96,000	83,500	91,486	91,800	85,000	64,700	60,041	61,200	51,300	38,276	42,600	46,200	47,600	43,531	73,209	98,551	96,836	77,073	98,788	109,296	103,605	82,535	93,153	100,177	94,728	76,925	74,503	47,306	48,915	38,562	39,429	40,888	42,871	26,259	25,309	23,528	18,959	18,559	18,258	18,331	21,622	18,413	20,171	24,275	28,008	23,037	23,037	42,354	38,077	31,374	26,300	38,200	36,600	23,800	31,000	28,300
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
Other Operating Expenses	5,217,600	5,263,900	5,381,700	5,175,500	5,176,739	5,044,324	5,112,816	4,648,152	4,631,636	4,498,859	4,376,918	3,908,226	4,036,078	3,963,706	2,071,436	1,907,734	2,015,644	2,054,377	2,052,200	1,890,600	1,920,900	1,969,700	2,012,800	1,920,700	1,915,200	1,910,900	1,826,500	1,705,500	1,711,200	1,762,600	1,823,600	1,706,500	1,771,500	1,817,600	1,826,400	1,729,100	1,871,307	1,945,000	1,889,300	1,717,800	1,769,500	1,807,600	1,784,100	1,671,200	1,558,000	1,553,100	1,576,700	1,522,500	1,498,036	1,488,600	1,439,500	1,366,600	1,271,546	1,263,400	1,207,800	1,110,323	1,090,122	1,106,200	1,111,600	1,136,059	1,356,585	1,529,536	1,490,917	1,388,133	1,390,393	1,436,311	1,414,503	1,368,021	1,282,900	1,242,889	1,241,248	1,188,583	1,162,219	1,084,143	1,013,145	952,309	948,503	933,620	888,149	821,534	275,810	802,073	801,279	772,248	797,207	834,618	826,827	790,504	860,115	881,279	916,128	970,717	970,717	932,317	951,234	891,986	849,000	865,000	827,600	753,600	775,000	749,400
Preferred Stock And Other Adjustments	0	0	14,400	14,400	14,352	14,352	14,352	14,352	14,352	14,352	14,352	14,352	45,926	-14,511	-1,276	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	44,900	45,100	46,900	44,400	43,445	42,723	45,866	46,980	53,909	56,732	46,704	41,209	41,276	45,476	18,755	16,093	16,072	15,611	15,182	15,242	15,676	15,618	15,824	15,879	16,259	16,072	15,721	15,965	16,589	16,937	16,958	16,374	16,621	16,287	16,139	15,921	17,041	17,418	17,186	16,372	16,969	16,803	17,153	16,717	11,130	9,910	8,442	8,079	8,746	7,674	7,641	7,546	6,251	5,963	5,620	6,101	6,119	6,410	6,359	7,157	6,563	4,645	7,642	7,881	10,902	10,006	10,144	9,899	10,254	7,208	6,884	6,834	5,739	4,557	3,480	4,226	6,831	3,159	6,217	5,164	7,296	5,176	4,666	6,135	3,221	7,430	4,680	5,381	7,207	9,577	7,527	6,430	6,430	7,354	5,857	5,960	1,600	5,600	9,300	5,000	4,600	3,900
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
Selling And Marketing Expenses	-775,800	775,800	0	0	0	747,000	0	0	0	0	0	0	338,520	0	0	0	1	0	58	72	46	27	12	29	73	21	12	64	30	47	23	14	71	49	42	15	0	103	9	38	46	2	6	44	36,084	12	21	39	0	5	12	41	0	23	23	0	0	9	14	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,600	3,900
Selling General Administrative	200	200	831,700	817,700	793,061	3,400	772,864	718,098	733,689	721,795	699,581	636,576	299,392	561,971	359,750	299,392	289,915	290,852	295,842	296,528	284,154	284,073	292,888	290,829	285,473	280,021	267,288	266,964	249,930	255,547	274,523	269,286	256,971	258,151	275,242	264,585	260,939	271,697	278,709	265,462	248,646	255,202	265,506	227,456	275,884	225,812	231,179	228,139	227,807	216,205	214,212	213,759	203,991	190,577	185,977	183,039	168,238	168,309	169,914	187,489	204,574	211,262	206,802	211,639	193,527	194,753	195,295	207,558	184,641	168,830	169,512	169,898	170,812	157,300	141,987	142,681	141,517	137,246	136,181	129,588	127,609	124,983	126,820	121,740	125,733	123,157	123,424	122,069	124,101	127,043	129,187	141,071	141,071	128,591	128,190	126,457	128,800	113,000	115,200	110,400	104,200	105,700
Tax Provision	65,700	44,300	71,800	44,100	71,351	85,637	79,887	37,654	31,309	44,870	32,800	6,531	-904	24,294	-10,854	10,266	14,893	15,886	17,428	11,656	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	915,000	841,500	878,600	862,100	836,506	802,923	818,730	765,078	787,598	778,527	746,285	677,785	679,188	607,447	378,505	315,485	305,986	306,464	311,100	311,800	299,800	299,700	308,700	306,700	301,700	296,100	283,000	282,900	266,500	272,400	291,500	285,700	273,500	274,500	291,300	280,500	277,980	289,200	295,900	281,800	265,600	272,000	282,700	244,200	250,900	235,700	239,600	236,200	236,553	223,900	221,800	221,300	210,242	196,600	191,600	189,140	174,357	174,700	176,300	194,646	211,137	217,805	213,494	218,572	203,132	203,791	204,481	216,488	194,052	175,483	175,826	176,180	178,121	161,007	145,671	146,620	145,567	141,678	140,836	134,593	-414,235	130,131	131,941	126,873	130,932	128,156	127,831	127,231	132,173	134,944	136,823	147,501	147,501	135,945	134,047	132,417	130,400	118,600	124,500	115,400	108,800	109,600
Total Other Income Expense Net	49,400	-3,700	-800	-105,100	-91,272	-75,745	-69,673	-64,744	39,183	5,320	802	2,807	931	777	-60,583	-16,472	-16,222	-13,508	-17,307	-17,120	-16,841	-17,050	-17,741	-19,783	-17,603	-17,311	-16,816	-16,721	-17,502	-123,900	-19,452	-18,829	-9,908	-20,417	-18,613	-20,894	-20,241	-20,798	-20,337	-20,688	-13,200	-2,300	-21,769	-21,926	-3,500	-12,654	-11,477	-8,962	-11,952	-15,079	-13,931	-12,641	1	-13,748	1,800	2,506	874	7,300	1,100	1,626	1,695	2,274	2,638	2,744	-16,622	-17,569	-16,785	-12,220	-5,658	-5,814	-6,264	-5,059	-9,354	-3,796	-3,004	-12,066	-2,649	-2,375	-2,917	-1,076	-1,045	-1,211	-1,279	-1,410	-2,766	-1,790	-1,687	-1,427	-2,359	-3,854	-4,599	-16,106	27,221	-6,994	-5,986	-5,263	-5,300	-4,700	-4,900	-4,600	-19,400	-16,800
Total Revenue	5,473,400	5,644,400	5,745,500	5,521,900	5,558,494	5,445,916	5,483,525	4,932,181	4,851,919	4,728,325	4,595,790	4,041,477	4,128,841	4,141,801	2,086,706	1,968,647	2,099,452	2,148,110	2,150,100	1,961,300	2,011,400	2,067,200	2,104,000	1,993,900	1,996,600	2,000,200	1,909,600	1,772,600	1,793,300	1,855,200	1,911,600	1,776,000	1,861,500	1,923,900	1,916,700	1,816,300	1,995,485	2,078,200	2,005,200	1,810,800	1,880,100	1,931,300	1,894,000	1,808,100	1,644,400	1,656,200	1,672,700	1,606,000	1,589,522	1,580,400	1,524,500	1,431,300	1,331,587	1,324,600	1,259,100	1,148,599	1,132,722	1,152,400	1,159,200	1,179,590	1,429,794	1,628,087	1,587,753	1,465,206	1,489,181	1,545,607	1,518,108	1,450,556	1,376,053	1,343,066	1,335,976	1,265,508	1,236,722	1,131,449	1,062,060	990,871	987,932	974,508	931,020	847,793	850,119	825,601	820,238	790,807	815,465	852,949	848,449	808,917	880,286	905,554	944,136	993,754	993,754	974,671	989,311	923,360	875,300	903,200	864,200	777,400	806,000	777,700

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

Gross Profit (+$)
totalRevenue	22,385,200
Cost of Revenue	-17,541,500
Gross Profit	4,843,700	4,843,700

Operating Income (+$)
Gross Profit	4,843,700
Operating Expense	-3,437,300
Operating Income	1,406,400	1,406,400

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,220,723
Selling And Marketing Expenses	0
Operating Expense	3,437,300	3,220,723

Net Interest Income (+$)
Interest Income	0
Interest Expense	-389,300
Other Finance Cost	-9,680
Net Interest Income	-379,620

Pretax Income (+$)
Operating Income	1,406,400
Net Interest Income	-379,620
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	992,000	1,431,500 EBIT - interestExpense = 992,000 991,400 1,154,800
Interest Expense	389,300
Earnings Before Interest and Taxes (EBIT)	1,381,300	1,381,300
Earnings Before Interest and Taxes (EBITDA)	1,562,600

After tax Income (+$)
Income Before Tax	992,000
Tax Provision	-231,529
Net Income From Continuing Ops	842,722	760,471
Net Income	765,500
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	20,978,800
Total Other Income/Expenses Net	-25,100	379,620

Technical Analysis of Wesco
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 Wesco. The general trend of Wesco is BEARISH with 14.3% 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 Wesco'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 (-14.3%)		Bearish trend (14.3%)
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 WESCO International Inc.

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

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 177.62 < 192.04.

The bearish price targets are: 132.26 > 123.08 > 121.72.

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WESCO International Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-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 down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

WESCO International Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of WESCO International Inc. The current macd is -2.42891734.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 Wesco price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Wesco. 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 Wesco price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

WESCO International Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of WESCO International Inc. The current adx is 23.11.

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 Wesco 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.

WESCO International Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of WESCO International Inc. The current sar is 168.03.

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

WESCO International Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of WESCO International Inc. The current rsi is 45.30. 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.

WESCO International Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

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

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

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

WESCO International Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of WESCO International Inc. The current cci is -70.50487552.

WESCO International Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of WESCO International Inc. The current cmo is -9.84888204.

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

WESCO International Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of WESCO International Inc. The current willr is -72.93559858.

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

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

WESCO International Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of WESCO International Inc.

WESCO International Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of WESCO International Inc. The current atr is 4.4051224.

WESCO International Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of WESCO International Inc. The current obv is 5,353,916.

WESCO International Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of WESCO International Inc. The current mfi is 24.14.

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

WESCO International Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for WESCO International Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-12-01	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-06	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	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
2024-01-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-12	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-24	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-30	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-02	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-13	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-22	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.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-12	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
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-19	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-22	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-15	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-16	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

WESCO International Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.301
Ma 20	Greater than	Ma 50	165.154
Ma 50	Greater than	Ma 100	159.213
Ma 100	Greater than	Ma 200	165.768
Open	Greater than	Close	157.260
Total			2/5 (40.0%)

Create your own Symbol Scanner

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WESCO International Inc Buy, Hold or Sell?

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Quick analysis of Wesco (30 sec.)

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

$159.16

$96.77

$-49.09 - $8.79

$47.67 - $105.56

2. Growth of Wesco (5 min.)

Is Wesco growing?

How much money is Wesco making?

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

3. Financial Health of Wesco (5 min.)

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

Industry Rankings (Industrial Distribution)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Wesco

About WESCO International Inc

Financial Health

Valuation

1.1. Profitability of WESCO International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Industrial Distribution)

1.1.2. Return on Assets

Trends

Compared to industry (Industrial Distribution)

1.1.3. Return on Equity

Trends

Compared to industry (Industrial Distribution)

1.2. Operating Efficiency of WESCO International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Industrial Distribution)

1.2.2. Operating Ratio

Trends

Compared to industry (Industrial Distribution)

1.3. Liquidity of WESCO International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Industrial Distribution)

1.3.2. Quick Ratio

Trends

Compared to industry (Industrial Distribution)

1.4. Solvency of WESCO International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Industrial Distribution)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Industrial Distribution)

2. Market Valuation of WESCO International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Industrial Distribution)

WESCO International Inc
Buy, Hold or Sell?