Wintrust Financial Corporation
Buy, Hold or Sell?

Let's analyse Wintrust together

Penke I guess you are interested in Wintrust Financial Corporation. 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 Wintrust Financial Corporation. 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 Wintrust (30 sec.)

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

How much money do you get?

$2.02

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$86.53

Expected worth in 1 year

$95.52

How sure are you?

95.0%

+ What do you gain per year?

Total Gains per Share

$11.01

Return On Investment

11.0%

For what price can you sell your share?

Current Price per Share

$99.88

Expected price per share

$91.30 - $105.29

How sure are you?

50%

1. Valuation of Wintrust (5 min.)

Live pricePrice per Share (EOD)

$99.88

Book Value per Share

$86.53

Intrinsic Value Per Share

$78.17 - $446.34

Total Value Per Share

$164.69 - $532.86

My calculation of the intrinsic value of Wintrust 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: ($1.54) 3Y: ($4.17) TTM: ($2.81)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.06) 3Y: ($0.45) TTM: ($-0.30)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$6.49	$20.76	$7.08 - $23.86
2	$13.44	$47.77	$7.99 - $31.05
3	$20.78	$80.64	$8.90 - $38.24
4	$28.44	$119.02	$9.81 - $45.43
5	$36.36	$162.55	$10.71 - $52.61
6	$44.49	$210.89	$11.62 - $59.80
7	$52.78	$263.74	$12.53 - $66.99
8	$61.18	$320.79	$13.44 - $74.18
9	$69.65	$381.75	$14.35 - $81.37
10	$78.17	$446.34	$15.26 - $88.56

2. Growth of Wintrust (5 min.)

Is Wintrust growing?

	Current year	Previous year	Grow	Grow %
How rich?	$5.3b	$4.6b	$454.4m	8.9%

How much money is Wintrust making?

	Current year	Previous year	Grow	Grow %
Making money	$155.6m	$127.4m	$28.2m	18.1%
Net Profit Margin	24.5%	31,110.4%	-	-

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

Quarterly Yearly

3. Financial Health of Wintrust (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

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

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

Speculation

The Price per Share of Wintrust is $99.88. 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 Wintrust.
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 Wintrust, 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 $86.53. Based on the TTM, the Book Value Change Per Share is $2.25 per quarter. Based on the YOY, the Book Value Change Per Share is $1.17 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 $0.51 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.98	2.0%	2.42	2.4%	1.95	2.0%	1.73	1.7%	1.30	1.3%
Usd Book Value Change Per Share	5.86	5.9%	2.25	2.3%	1.17	1.2%	1.68	1.7%	1.39	1.4%
Usd Dividend Per Share	0.50	0.5%	0.51	0.5%	0.44	0.4%	0.39	0.4%	0.27	0.3%
Usd Total Gains Per Share	6.36	6.4%	2.75	2.8%	1.60	1.6%	2.07	2.1%	1.66	1.7%
Usd Price Per Share	92.75	-	78.46	-	84.79	-	71.46	-	66.81	-
Price to Earnings Ratio	11.72	-	8.33	-	11.20	-	11.70	-	15.19	-
Price-to-Total Gains Ratio	14.57	-	-719.32	-	63.46	-	-107.06	-	-23.53	-
Price to Book Ratio	1.07	-	0.95	-	1.12	-	1.02	-	1.25	-
Price-to-Total Gains Ratio	14.57	-	-719.32	-	63.46	-	-107.06	-	-23.53	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	99.88
Number of shares	10

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.51	0.39
Usd Book Value Change Per Share	2.25	1.68
Usd Total Gains Per Share	2.75	2.07
Gains per Quarter (10 shares)	27.54	20.71
Gains per Year (10 shares)	110.14	82.84

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	20	90	100	16	67	73
2	40	180	210	31	134	156
3	61	270	320	47	202	239
4	81	360	430	63	269	322
5	101	450	540	78	336	405
6	121	539	650	94	403	488
7	142	629	760	109	470	571
8	162	719	870	125	538	654
9	182	809	980	141	605	737
10	202	899	1090	156	672	820

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	107.0	2.0	0.0	98.2%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	17.0	3.0	0.0	85.0%	37.0	3.0	0.0	92.5%	100.0	8.0	1.0	91.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	89.0	0.0	20.0	81.7%
Total Gains per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	38.0	2.0	0.0	95.0%	103.0	6.0	0.0	94.5%

Fundamentals of Wintrust

About Wintrust Financial Corporation

https://www.wintrust.com
Banks - Regional
5521
9700 West Higgins Road, Rosemont, IL, United States, 60018
Google Maps Bing Maps

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; other specialty finance services; equipment financing through structured loan and lease products; and property and casualty premium financing; as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides wealth management services, such as trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.

Fundamental data was last updated by Penke on 2024-04-12 22:34:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Wintrust Financial Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Wintrust to the Banks - Regional industry mean.
A Net Profit Margin of 13.8% means that $0.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Wintrust Financial Corporation:

The MRQ is 13.8%. The company is making a huge profit. +2
The TTM is 24.5%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	13.8%	TTM	24.5%	-10.7%
TTM	24.5%	YOY	31,110.4%	-31,085.9%
TTM	24.5%	5Y	6,240.9%	-6,216.4%
5Y	6,240.9%	10Y	3,130.9%	+3,110.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	13.8%	18.4%	-4.6%
TTM	24.5%	28.0%	-3.5%
YOY	31,110.4%	25.2%	+31,085.2%
5Y	6,240.9%	22.8%	+6,218.1%
10Y	3,130.9%	19.8%	+3,111.1%

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

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

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Wintrust. If profit margins remain low (compared to the Banks - Regional industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Wintrust is 0.14. This means that Wintrust earned $0.14 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Wintrust sells assets (profit will increase while costs remain the same).
It won’t show what part of Wintrust 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 Wintrust

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 Wintrust = 123,480
Total revenue MRQ Wintrust = 896,079
$123,480 / $896,079 = 0.14 or 13.8%

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 Wintrust is using its assets to generate profit.

Above 5% is considered healthy but always compare Wintrust to the Banks - Regional industry mean.
0.2% Return on Assets means that Wintrust generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Wintrust Financial Corporation:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1

Trends

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

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.1%	+0.1%
TTM	0.3%	0.2%	+0.1%
YOY	0.2%	0.2%	+0.0%
5Y	0.2%	0.2%	+0.0%
10Y	0.2%	0.2%	+0.0%

Shows how efficient Wintrust 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 Wintrust to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Wintrust is using its resources to generate profit. If the return on assets (0.2%) from Wintrust are higher than the Banks - Regional mean (0.1%) that means Wintrust 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 Wintrust is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

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

Income statement
Balance sheet

Net income MRQ (income statement) from Wintrust = 123,480
Total assets MRQ (balance sheet) from Wintrust = 56,259,934
123,480 / 56,259,934 = 0.00 or 0.2%

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

Above 15%-20% is considered healthy but always compare Wintrust to the Banks - Regional industry mean.
2.3% Return on Equity means Wintrust generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Wintrust Financial Corporation:

The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.3%	TTM	3.1%	-0.8%
TTM	3.1%	YOY	2.7%	+0.3%
TTM	3.1%	5Y	2.6%	+0.5%
5Y	2.6%	10Y	2.3%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.3%	1.4%	+0.9%
TTM	3.1%	2.5%	+0.6%
YOY	2.7%	2.7%	+0.0%
5Y	2.6%	2.5%	+0.1%
10Y	2.3%	2.8%	-0.5%

Shows how efficient Wintrust 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 Wintrust to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks - Regional industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Wintrust is 2.3%. This means Wintrust generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust up to 10 years back (depending if Wintrust 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 Wintrust

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Wintrust = 123,480
Shareholders equity (balance sheet) MRQ Wintrust = 5,399,526
123,480 / 5,399,526 = 0.02 or 2.3%

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 Wintrust Financial Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Wintrust is operating .

Measures how much profit Wintrust 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 Wintrust to the Banks - Regional industry mean.
An Operating Margin of 0.2% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Wintrust Financial Corporation:

The MRQ is 0.2%. The company is operating inefficient. -1
The TTM is 9.1%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	9.1%	-8.9%
TTM	9.1%	YOY	57,971.4%	-57,962.3%
TTM	9.1%	5Y	11,626.1%	-11,617.0%
5Y	11,626.1%	10Y	5,835.7%	+5,790.4%

Measures how efficient Wintrust 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 Wintrust to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Wintrust 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 Wintrust is 0.2%. This means that Wintrust earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Wintrust = 14,162
Total revenue MRQ Wintrust = 896,079
$14,162 / $896,079 = 0.00 or 0.2%

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 Wintrust is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.24 means that the operating costs are $0.24 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Wintrust Financial Corporation:

The MRQ is 0.241. The company is very efficient in keeping operating costs low. +2
The TTM is -0.157.

Trends

Current period		Compared to		+/-
MRQ	0.241	TTM	-0.157	+0.398
TTM	-0.157	YOY	80.736	-80.893
TTM	-0.157	5Y	16.025	-16.183
5Y	16.025	10Y	7.920	+8.105

Measures how efficient Wintrust 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 Wintrust to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Wintrust is 24.1%. This means that Wintrust earned $0.24 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

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
(102,231 +113,665) \ 896,079 = 0.24

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 Wintrust Financial Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

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

Let's take a look of the Current Ratio trends of Wintrust Financial Corporation:

The MRQ is 0.086. The company is unable to pay all its short-term debts. -2
The TTM is 2.768. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	0.086	TTM	2.768	-2.682
TTM	2.768	YOY	11.593	-8.825
TTM	2.768	5Y	114,468.533	-114,465.765
5Y	114,468.533	10Y	57,236.135	+57,232.397

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	2.768	0.124	+2.644
YOY	11.593	0.225	+11.368
5Y	114,468.533	0.219	+114,468.314
10Y	57,236.135	0.131	+57,236.004

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Wintrust 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 Wintrust is 0.09. This means Wintrust has $0.09 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,227,117 \ 37,362,170) = 0.09

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

Above 1 is considered healthy but always compare Wintrust to the Banks - Regional industry mean.
A Quick Ratio of 0.14 means the company can pay off $0.14 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Wintrust Financial Corporation:

The MRQ is 0.137. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 4.954. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.137	TTM	4.954	-4.817
TTM	4.954	YOY	27.099	-22.145
TTM	4.954	5Y	212,388.404	-212,383.450
5Y	212,388.404	10Y	106,200.453	+106,187.951

1.4. Solvency of Wintrust Financial Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Wintrust to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Wintrust assets are financed with 90.4% credit (debt) and the remaining percentage (100% - 90.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Wintrust Financial Corporation:

The MRQ is 0.904. The company is just able to pay all its debts by selling its assets.
The TTM is 0.907. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.904	TTM	0.907	-0.002
TTM	0.907	YOY	0.910	-0.003
TTM	0.907	5Y	0.906	+0.001
5Y	0.906	10Y	0.900	+0.006

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.904	0.915	-0.011
TTM	0.907	0.917	-0.010
YOY	0.910	0.919	-0.009
5Y	0.906	0.919	-0.013
10Y	0.900	0.927	-0.027

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Wintrust to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Wintrust is 0.90. This means means that Wintrust is financed with 90.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Wintrust

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

Balance sheet
Debt to asset ratio = total debt \ total assets
50,860,408 \ 56,259,934 = 90.4% or 0.90.

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

Below 2 is considered healthy but always compare Wintrust to the Banks - Regional industry mean.
A Debt to Equity ratio of 941.9% means that company has $9.42 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Wintrust Financial Corporation:

The MRQ is 9.419. The company is unable to pay all its debts with equity. -1
The TTM is 9.701. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	9.419	TTM	9.701	-0.282
TTM	9.701	YOY	10.075	-0.374
TTM	9.701	5Y	9.642	+0.060
5Y	9.642	10Y	9.056	+0.586

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	9.419	10.829	-1.410
TTM	9.701	11.013	-1.312
YOY	10.075	11.363	-1.288
5Y	9.642	11.437	-1.795
10Y	9.056	13.038	-3.982

Measures if Wintrust 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 Wintrust 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 Wintrust is 9.42. This means that Wintrust can pay off $9.42 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
50,860,408 \ 5,399,526 = 9.42 or 941.9%

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 Wintrust Financial Corporation

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 Wintrust generates.

Above 15 is considered overpriced but always compare Wintrust to the Banks - Regional industry mean.
A PE ratio of 11.72 means the investor is paying $11.72 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Wintrust Financial Corporation:

The EOD is 12.619. Based on the earnings, the company is underpriced. +1
The MRQ is 11.718. Based on the earnings, the company is underpriced. +1
The TTM is 8.331. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	12.619	MRQ	11.718	+0.901
MRQ	11.718	TTM	8.331	+3.387
TTM	8.331	YOY	11.197	-2.866
TTM	8.331	5Y	11.698	-3.367
5Y	11.698	10Y	15.191	-3.493

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	12.619	7.498	+5.121
MRQ	11.718	6.680	+5.038
TTM	8.331	5.295	+3.036
YOY	11.197	6.943	+4.254
5Y	11.698	9.770	+1.928
10Y	15.191	9.943	+5.248

Measures how much money you pay for each share for every $1 in earnings Wintrust 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 Wintrust to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Wintrust is 11.72. This means the investor is paying $11.72 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Wintrust is performing over time. The most recent quarter might be important if Wintrust 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 Wintrust 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 Wintrust

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 \ 62,402 = EPS
PE ratio MRQ = 11.72

* 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 Wintrust Financial Corporation:

The EOD is 6.753. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.271. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 11.443. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.753	MRQ	6.271	+0.482
MRQ	6.271	TTM	11.443	-5.172
TTM	11.443	YOY	4.201	+7.242
TTM	11.443	5Y	-1.976	+13.419
5Y	-1.976	10Y	9.136	-11.112

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.753	-2.096	+8.849
MRQ	6.271	-1.868	+8.139
TTM	11.443	-0.342	+11.785
YOY	4.201	6.448	-2.247
5Y	-1.976	0.429	-2.405
10Y	9.136	0.091	+9.045

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.07 means the investor is paying $1.07 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Wintrust Financial Corporation:

The EOD is 1.154. Based on the equity, the company is underpriced. +1
The MRQ is 1.072. Based on the equity, the company is underpriced. +1
The TTM is 0.950. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.154	MRQ	1.072	+0.082
MRQ	1.072	TTM	0.950	+0.122
TTM	0.950	YOY	1.125	-0.174
TTM	0.950	5Y	1.023	-0.072
5Y	1.023	10Y	1.248	-0.226

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.154	0.433	+0.721
MRQ	1.072	0.386	+0.686
TTM	0.950	0.470	+0.480
YOY	1.125	0.642	+0.483
5Y	1.023	0.795	+0.228
10Y	1.248	1.025	+0.223

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Wintrust Financial Corporation.

3.1. Institutions holding Wintrust Financial Corporation

Institutions are holding 96.087% of the shares of Wintrust Financial Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	10.0997	0.0126	6208585	7976	0.1286
2023-12-31	BlackRock Inc	9.4405	0.0137	5803360	11387	0.1966
2023-12-31	FMR Inc	6.9922	0.0306	4298290	-353091	-7.5911
2023-12-31	Dimensional Fund Advisors, Inc.	4.6623	0.0776	2866032	80526	2.8909
2023-12-31	State Street Corporation	4.2659	0.0118	2622341	94029	3.719
2023-12-31	Victory Capital Management Inc.	2.9992	0.1799	1843679	79672	4.5165
2023-12-31	JPMorgan Chase & Co	2.6715	0.0146	1642277	-190900	-10.4136
2023-12-31	Capital Research & Mgmt Co - Division 3	2.5475	0.0326	1566003	693452	79.4741
2023-12-31	Fuller & Thaler Asset Management Inc	2.0199	0.5834	1241684	69442	5.9239
2023-12-31	AllianceBernstein L.P.	1.7045	0.0374	1047788	-96069	-8.3987
2023-12-31	Geode Capital Management, LLC	1.6178	0.0097	994525	30623	3.177
2023-12-31	Amvescap Plc.	1.5512	0.0211	953537	237284	33.1285
2023-12-31	Principal Financial Group Inc	1.4	0.0509	860623	497065	136.7223
2023-12-31	HHG PLC	1.3214	0.0449	812280	500697	160.6946
2023-12-31	Federated Hermes Inc	1.2829	0.1816	788615	11969	1.5411
2023-12-31	Channing Capital Management, LLC	1.2266	2.0638	754025	-86484	-10.2895
2024-03-31	Reinhart Mahoney Capital Management Inc	1.1897	3.1092	731345	15240	2.1282
2023-12-31	Bank of New York Mellon Corp	1.1517	0.0133	707970	66533	10.3725
2023-09-30	North Reef Capital Management LP	1.1213	3.2849	689287	-117578	-14.5722
2023-12-31	NORGES BANK	1.0856	0.0108	667366	21424	3.3167
Total		60.3514	9.7844	37099612	+1573197	+4.2%

3.2. Funds holding Wintrust Financial Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.0967	0.0119	1911768	-3321	-0.1734
2024-03-28	iShares Core S&P Mid-Cap ETF	3.0849	0.2337	1904482	-1982	-0.104
2024-02-29	Vanguard Small Cap Index	2.5568	0.1082	1578443	14680	0.9388
2023-12-31	American Funds SMALLCAP World A	2.5366	0.2018	1566003	693452	79.4741
2023-12-31	FullerThaler Behavioral Small-Cap Equity	1.8951	1.3644	1169928	61000	5.5008
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	1.8951	1.3648	1169928	61000	5.5008
2023-12-31	Victory Sycamore Small Company Opp R	1.8223	1.4865	1125000	-75000	-6.25
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.8223	1.4835	1125000	-75000	-6.25
2024-02-29	Vanguard Small Cap Value Index Inv	1.7448	0.1952	1077191	5271	0.4917
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4632	0.0853	903310	7185	0.8018
2024-02-29	Fidelity Mid-Cap Stock	1.2401	0.9823	765594	-69000	-8.2675
2024-02-29	Fidelity VIP Mid Cap Initial	1.2397	1.0091	765341	0	0
2024-01-31	Fidelity Low-Priced Stock	1.1683	0.2604	721263	-3030	-0.4183
2023-12-31	JPM US Small Cap Core-Composite	1.0802	1.1367	666853	-163447	-19.6853
2023-12-31	Premier Miton US Opportunities B Acc	1.0305	3.4288	636176	0	0
2024-02-29	JPMorgan Small Cap Equity A	0.9937	1.2163	613499	-15245	-2.4247
2024-02-29	DFA US Small Cap Value I	0.8883	0.3435	548378	11664	2.1732
2024-03-28	SPDR® S&P Regional Banking ETF	0.8179	1.7653	504946	2556	0.5088
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7922	0.2241	489096	1842	0.378
2024-02-29	DFA US Targeted Value I	0.786	0.3622	485243	0	0
Total		31.9547	17.264	19727442	+452625	+2.3%

3.3. Insider Transactions

Insiders are holding 1.437% of the shares of Wintrust Financial Corporation.

Date	Owner	Type	Amount	Price
2024-03-05	Edward J Wehmer	SELL	9500	99.36
2024-01-31	Jeffrey D Hahnfeld	SELL	588	97.88
2023-08-23	Edward J Wehmer	BUY	300	23.14
2023-05-11	Timothy Crane	BUY	1500	60.87

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Wintrust Financial Corporation 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	-	-	5.861	2.248	+161%	1.167	+402%	1.680	+249%	1.394	+321%
Book Value Per Share	-	-	86.528	82.380	+5%	75.502	+15%	69.991	+24%	55.895	+55%
Current Ratio	-	-	0.086	2.768	-97%	11.593	-99%	114468.533	-100%	57236.135	-100%
Debt To Asset Ratio	-	-	0.904	0.907	0%	0.910	-1%	0.906	0%	0.900	+0%
Debt To Equity Ratio	-	-	9.419	9.701	-3%	10.075	-7%	9.642	-2%	9.056	+4%
Dividend Per Share	-	-	0.503	0.506	0%	0.438	+15%	0.391	+29%	0.270	+86%
Eps	-	-	1.979	2.422	-18%	1.950	+1%	1.731	+14%	1.297	+53%
Free Cash Flow Per Share	-	-	3.698	2.806	+32%	5.349	-31%	2.178	+70%	1.542	+140%
Free Cash Flow To Equity Per Share	-	-	9.581	12.556	-24%	14.238	-33%	19.084	-50%	13.978	-31%
Gross Profit Margin	-	-	0.861	0.892	-4%	0.879	-2%	0.870	-1%	0.877	-2%
Intrinsic Value_10Y_max	-	-	446.337	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	78.167	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	20.761	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	6.492	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	80.643	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	20.783	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	162.545	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	36.363	-	-	-	-	-	-	-	-
Market Cap	6166181692.000	+6%	5787785500.000	4875350782.500	+19%	5237160504.250	+11%	4418657744.050	+31%	4128312153.650	+40%
Net Profit Margin	-	-	0.138	0.245	-44%	311.104	-100%	62.409	-100%	31.309	-100%
Operating Margin	-	-	0.002	0.091	-97%	579.714	-100%	116.261	-100%	58.357	-100%
Operating Ratio	-	-	0.241	-0.157	+165%	80.736	-100%	16.025	-98%	7.920	-97%
Pb Ratio	1.154	+7%	1.072	0.950	+13%	1.125	-5%	1.023	+5%	1.248	-14%
Pe Ratio	12.619	+7%	11.718	8.331	+41%	11.197	+5%	11.698	+0%	15.191	-23%
Price Per Share	99.880	+7%	92.750	78.455	+18%	84.788	+9%	71.462	+30%	66.815	+39%
Price To Free Cash Flow Ratio	6.753	+7%	6.271	11.443	-45%	4.201	+49%	-1.976	+132%	9.136	-31%
Price To Total Gains Ratio	15.693	+7%	14.572	-719.323	+5036%	63.460	-77%	-107.057	+835%	-23.527	+261%
Quick Ratio	-	-	0.137	4.954	-97%	27.099	-99%	212388.404	-100%	106200.453	-100%
Return On Assets	-	-	0.002	0.003	-23%	0.002	-11%	0.002	-9%	0.002	-6%
Return On Equity	-	-	0.023	0.031	-25%	0.027	-16%	0.026	-11%	0.023	-2%
Total Gains Per Share	-	-	6.365	2.754	+131%	1.605	+297%	2.071	+207%	1.664	+283%
Usd Book Value	-	-	5399526000.000	5118139250.000	+5%	4663674250.000	+16%	4327948650.000	+25%	3454192325.000	+56%
Usd Book Value Change Per Share	-	-	5.861	2.248	+161%	1.167	+402%	1.680	+249%	1.394	+321%
Usd Book Value Per Share	-	-	86.528	82.380	+5%	75.502	+15%	69.991	+24%	55.895	+55%
Usd Dividend Per Share	-	-	0.503	0.506	0%	0.438	+15%	0.391	+29%	0.270	+86%
Usd Eps	-	-	1.979	2.422	-18%	1.950	+1%	1.731	+14%	1.297	+53%
Usd Free Cash Flow	-	-	230739000.000	174492500.000	+32%	330387750.000	-30%	134758950.000	+71%	95332275.000	+142%
Usd Free Cash Flow Per Share	-	-	3.698	2.806	+32%	5.349	-31%	2.178	+70%	1.542	+140%
Usd Free Cash Flow To Equity Per Share	-	-	9.581	12.556	-24%	14.238	-33%	19.084	-50%	13.978	-31%
Usd Market Cap	6166181692.000	+6%	5787785500.000	4875350782.500	+19%	5237160504.250	+11%	4418657744.050	+31%	4128312153.650	+40%
Usd Price Per Share	99.880	+7%	92.750	78.455	+18%	84.788	+9%	71.462	+30%	66.815	+39%
Usd Profit	-	-	123480000.000	155656500.000	-21%	127420500.000	-3%	112357300.000	+10%	84075425.000	+47%
Usd Revenue	-	-	896079000.000	667813500.000	+34%	378585500.000	+137%	449392300.000	+99%	355143625.000	+152%
Usd Total Gains Per Share	-	-	6.365	2.754	+131%	1.605	+297%	2.071	+207%	1.664	+283%
	EOD	+4 -4	MRQ	TTM	+18 -18	YOY	+19 -17	5Y	+23 -13	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of Wintrust Financial Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	12.619
Price to Book Ratio (EOD)	Between	0-1	1.154
Net Profit Margin (MRQ)	Greater than	0	0.138
Operating Margin (MRQ)	Greater than	0	0.002
Quick Ratio (MRQ)	Greater than	1	0.137
Current Ratio (MRQ)	Greater than	1	0.086
Debt to Asset Ratio (MRQ)	Less than	1	0.904
Debt to Equity Ratio (MRQ)	Less than	1	9.419
Return on Equity (MRQ)	Greater than	0.15	0.023
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			4/10 (40.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Wintrust Financial Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.339
Ma 20	Greater than	Ma 50	99.420
Ma 50	Greater than	Ma 100	98.138
Ma 100	Greater than	Ma 200	95.815
Open	Greater than	Close	99.220
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-1,158,412	-390,704	-1,549,116	-273,957	-1,823,073	-62,507	-1,885,580	37,408,391	35,522,811
Long-term Assets Other	-7,138,639	-95,943	-7,234,582	-1,647,745	-8,882,327	-477,637	-9,359,964	11,576,979	2,217,015
Cash and Short Term Investments	5,722,644	-5,276,716	445,928	5,724,119	6,170,047	308,446	6,478,493	-6,901,897	-423,404

Latest Balance Sheet

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

Summary

Total Assets	56,259,934
Total Liabilities	50,860,408
Total Stockholder Equity	5,399,526

	As reported
Total Liabilities	50,860,408
Total Stockholder Equity	+ 5,399,526
Total Assets	= 56,259,934

Assets

Total Assets	56,259,934
Total Current Assets	3,227,117
Long-term Assets	53,032,817

Total Current Assets

Total Current Assets (as reported)	3,227,117
Cash And Cash Equivalents	2,507,727
Short-term Investments	3,291,448
Net Receivables	2,253,213
Inventory	-1,829,809
Total Current Assets (calculated)	6,222,579
+/-	2,995,462

Long-term Assets

Long-term Assets (as reported)	53,032,817
Property Plant Equipment	748,966
Goodwill	656,672
Long Term Investments	7,503,806
Intangible Assets	22,889
Long-term Assets Other	2,217,015
Long-term Assets (calculated)	11,149,348
+/-	41,883,469

Liabilities & Shareholders' Equity

Total Current Liabilities	37,362,170
Long-term Liabilities	13,498,238
Total Stockholder Equity	5,399,526

Total Current Liabilities

Total Current Liabilities (as reported)	37,362,170
Short-term Debt	38,872
Accounts payable	1,799,922
Other Current Liabilities	35,522,811
Total Current Liabilities (calculated)	37,361,605
+/-	565

Long-term Liabilities

Long-term Liabilities (as reported)	13,498,238
Long term Debt	3,649,886
Long-term Liabilities (calculated)	3,649,886
+/-	9,848,352

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,399,526
Common Stock	61,269
Retained Earnings	3,345,399
Other Stockholders Equity	1,941,589
Total Stockholder Equity (calculated)	5,348,257
+/-	51,269

Other

Capital Stock	473,769
Cash and Short Term Investments	-423,404
Common Stock Shares Outstanding	62,402
Current Deferred Revenue	565
Liabilities and Stockholders Equity	56,259,934
Net Debt	1,155,589
Net Invested Capital	8,636,912
Net Working Capital	-34,135,053
Property Plant and Equipment Gross	1,494,261
Short Long Term Debt Total	3,663,316

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

> Total Assets

0
0
0
706,000
764,600
856,900
973,000
1,053,400
1,151,900
1,176,500
1,243,600
1,348,000
1,419,400
1,515,100
1,564,900
1,679,382
1,771,891
1,863,469
1,996,306
2,102,806
2,166,630
2,322,083
2,515,396
2,705,422
2,705,422
3,219,400
3,576,775
3,721,555
3,914,995
4,132,394
4,304,877
4,747,398
4,962,773
5,326,179
5,817,286
6,419,048
7,345,539
7,768,993
7,893,503
8,177,042
8,382,247
9,172,784
9,463,060
9,571,852
9,414,604
9,348,460
9,465,114
9,368,859
9,732,466
9,923,077
9,864,920
10,658,326
10,818,941
11,359,536
12,136,021
12,215,620
12,839,978
13,708,560
14,100,368
13,980,156
14,080,180
14,615,897
15,914,804
15,893,808
16,172,018
16,576,282
17,018,592
17,519,613
17,074,247
17,613,546
17,682,548
18,097,783
18,221,163
18,895,681
19,169,345
20,010,727
20,382,271
20,799,924
22,043,930
22,917,166
23,488,168
24,420,616
25,321,759
25,668,553
25,778,893
26,929,265
27,358,162
27,915,970
28,456,772
29,464,588
30,142,731
31,241,521
32,358,621
33,641,769
34,911,902
36,620,583
38,799,847
43,540,017
43,731,718
45,080,768
45,682,202
46,738,450
47,832,271
50,142,143
50,250,661
50,969,332
52,382,939
52,949,649
52,873,511
54,286,176
55,555,246
56,259,934

56,259,934

55,555,246

54,286,176

52,873,511

52,949,649

52,382,939

50,969,332

50,250,661

50,142,143

47,832,271

46,738,450

45,682,202

45,080,768

43,731,718

43,540,017

38,799,847

36,620,583

34,911,902

33,641,769

32,358,621

31,241,521

30,142,731

29,464,588

28,456,772

27,915,970

27,358,162

26,929,265

25,778,893

25,668,553

25,321,759

24,420,616

23,488,168

22,917,166

22,043,930

20,799,924

20,382,271

20,010,727

19,169,345

18,895,681

18,221,163

18,097,783

17,682,548

17,613,546

17,074,247

17,519,613

17,018,592

16,576,282

16,172,018

15,893,808

15,914,804

14,615,897

14,080,180

13,980,156

14,100,368

13,708,560

12,839,978

12,215,620

12,136,021

11,359,536

10,818,941

10,658,326

9,864,920

9,923,077

9,732,466

9,368,859

9,465,114

9,348,460

9,414,604

9,571,852

9,463,060

9,172,784

8,382,247

8,177,042

7,893,503

7,768,993

7,345,539

6,419,048

5,817,286

5,326,179

4,962,773

4,747,398

4,304,877

4,132,394

3,914,995

3,721,555

3,576,775

3,219,400

2,705,422

2,515,396

2,322,083

2,166,630

2,102,806

1,996,306

1,863,469

1,771,891

1,679,382

1,564,900

1,515,100

1,419,400

1,348,000

1,243,600

1,176,500

1,151,900

1,053,400

973,000

856,900

764,600

706,000

> Total Current Assets

0
0
0
673,800
730,800
821,000
931,300
1,007,400
1,101,800
1,124,700
1,188,800
1,289,500
1,356,000
1,447,500
1,495,300
1,595,048
1,685,695
1,771,572
1,901,515
2,005,650
2,068,321
2,220,458
2,410,184
2,596,205
2,596,205
3,083,428
3,433,004
243,533
215,072
262,837
843,201
275,132
812,490
1,094,314
1,046,222
294,676
1,686,638
1,137,035
1,932,386
471,048
2,109,065
2,116,829
1,981,449
2,232,975
1,821,113
1,668,432
1,685,997
170,190
1,271,744
1,757,505
1,627,701
219,794
1,535,783
1,389,792
1,563,146
135,133
1,386,421
1,541,747
1,479,246
153,690
1,851,240
1,596,860
1,414,952
148,012
2,015,358
1,373,231
1,443,520
284,731
2,070,406
2,068,110
2,104,749
253,408
2,279,959
2,173,253
2,043,342
225,136
2,007,773
2,410,155
2,461,622
271,454
979,463
905,214
1,892,921
267,194
2,017,835
1,945,741
1,917,799
277,534
2,127,095
2,245,367
2,444,921
392,142
2,456,547
2,487,088
2,718,814
286,167
3,920,077
3,539,960
3,255,098
322,415
2,857,074
2,623,565
2,835,722
6,867,868
5,080,347
7,621,453
8,698,153
4,792,686
445,928
9,567,284
10,276,844
3,227,117

3,227,117

10,276,844

9,567,284

445,928

4,792,686

8,698,153

7,621,453

5,080,347

6,867,868

2,835,722

2,623,565

2,857,074

322,415

3,255,098

3,539,960

3,920,077

286,167

2,718,814

2,487,088

2,456,547

392,142

2,444,921

2,245,367

2,127,095

277,534

1,917,799

1,945,741

2,017,835

267,194

1,892,921

905,214

979,463

271,454

2,461,622

2,410,155

2,007,773

225,136

2,043,342

2,173,253

2,279,959

253,408

2,104,749

2,068,110

2,070,406

284,731

1,443,520

1,373,231

2,015,358

148,012

1,414,952

1,596,860

1,851,240

153,690

1,479,246

1,541,747

1,386,421

135,133

1,563,146

1,389,792

1,535,783

219,794

1,627,701

1,757,505

1,271,744

170,190

1,685,997

1,668,432

1,821,113

2,232,975

1,981,449

2,116,829

2,109,065

471,048

1,932,386

1,137,035

1,686,638

294,676

1,046,222

1,094,314

812,490

275,132

843,201

262,837

215,072

243,533

3,433,004

3,083,428

2,596,205

2,410,184

2,220,458

2,068,321

2,005,650

1,901,515

1,771,572

1,685,695

1,595,048

1,495,300

1,447,500

1,356,000

1,289,500

1,188,800

1,124,700

1,101,800

1,007,400

931,300

821,000

730,800

673,800

Cash And Cash Equivalents

0
0
0
94,100
85,300
93,100
159,900
178,100
141,800
93,200
56,500
60,400
65,400
99,800
101,300
83,844
42,952
56,741
68,901
65,595
48,226
46,342
56,325
72,267
72,267
258,687
90,126
110,089
83,728
129,187
134,324
118,157
114,778
104,678
137,133
133,127
154,313
217,453
172,232
170,376
135,161
176,246
161,351
188,330
141,374
167,517
159,710
180,600
172,170
173,295
162,887
342,803
388,719
778,141
1,297,260
1,160,796
1,328,824
1,233,835
1,379,651
1,019,265
1,087,112
1,130,742
1,248,623
897,299
1,046,769
1,294,417
1,121,182
1,320,474
884,877
664,942
1,004,700
748,982
871,226
855,884
881,064
1,223,573
984,542
839,815
948,447
879,236
1,025,493
960,820
1,058,929
1,247,651
1,221,570
1,307,740
1,470,624
1,340,776
1,211,787
1,525,987
1,416,980
1,491,736
1,880,617
1,738,039
2,709,561
2,450,727
2,292,861
4,360,071
4,134,462
5,124,942
3,775,119
5,142,372
5,694,559
5,783,753
4,476,113
3,765,432
4,458,195
2,479,627
2,009,506
2,677,566
2,866,658
2,507,727

2,507,727

2,866,658

2,677,566

2,009,506

2,479,627

4,458,195

3,765,432

4,476,113

5,783,753

5,694,559

5,142,372

3,775,119

5,124,942

4,134,462

4,360,071

2,292,861

2,450,727

2,709,561

1,738,039

1,880,617

1,491,736

1,416,980

1,525,987

1,211,787

1,340,776

1,470,624

1,307,740

1,221,570

1,247,651

1,058,929

960,820

1,025,493

879,236

948,447

839,815

984,542

1,223,573

881,064

855,884

871,226

748,982

1,004,700

664,942

884,877

1,320,474

1,121,182

1,294,417

1,046,769

897,299

1,248,623

1,130,742

1,087,112

1,019,265

1,379,651

1,233,835

1,328,824

1,160,796

1,297,260

778,141

388,719

342,803

162,887

173,295

172,170

180,600

159,710

167,517

141,374

188,330

161,351

176,246

135,161

170,376

172,232

217,453

154,313

133,127

137,133

104,678

114,778

118,157

134,324

129,187

83,728

110,089

90,126

258,687

72,267

56,325

46,342

48,226

65,595

68,901

56,741

42,952

83,844

101,300

99,800

65,400

60,400

56,500

93,200

141,800

178,100

159,900

93,100

85,300

94,100

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
164,823
0
0
0
52,647
0
0
0
155,669
0
0
714,412
62,848
702,810
993,485
928,825
52,821
1,538,433
924,616
1,766,613
195,469
1,988,050
1,952,433
1,836,316
1,839,716
1,696,156
1,515,223
1,536,027
1,303,837
1,110,854
1,590,648
1,469,500
784,673
1,413,576
1,267,410
1,434,248
1,328,815
1,279,920
1,418,035
1,324,179
1,496,302
1,710,321
1,456,426
1,267,682
1,291,797
1,869,344
1,196,702
1,256,768
1,796,076
1,870,831
1,843,824
1,781,883
2,176,290
1,949,697
1,824,240
1,782,648
1,792,078
1,721,030
2,162,061
2,214,281
1,716,388
770,983
637,663
1,650,096
1,724,667
1,803,733
1,649,636
1,665,903
1,803,666
1,895,688
1,940,787
2,164,985
2,126,081
2,185,782
2,186,154
2,270,059
3,106,214
3,570,959
3,194,961
2,946,459
3,055,839
2,430,749
2,188,608
2,373,478
2,327,793
2,998,898
2,970,121
2,923,653
3,243,017
3,259,845
3,492,481
3,611,835
3,291,448

3,291,448

3,611,835

3,492,481

3,259,845

3,243,017

2,923,653

2,970,121

2,998,898

2,327,793

2,373,478

2,188,608

2,430,749

3,055,839

2,946,459

3,194,961

3,570,959

3,106,214

2,270,059

2,186,154

2,185,782

2,126,081

2,164,985

1,940,787

1,895,688

1,803,666

1,665,903

1,649,636

1,803,733

1,724,667

1,650,096

637,663

770,983

1,716,388

2,214,281

2,162,061

1,721,030

1,792,078

1,782,648

1,824,240

1,949,697

2,176,290

1,781,883

1,843,824

1,870,831

1,796,076

1,256,768

1,196,702

1,869,344

1,291,797

1,267,682

1,456,426

1,710,321

1,496,302

1,324,179

1,418,035

1,279,920

1,328,815

1,434,248

1,267,410

1,413,576

784,673

1,469,500

1,590,648

1,110,854

1,303,837

1,536,027

1,515,223

1,696,156

1,839,716

1,836,316

1,952,433

1,988,050

195,469

1,766,613

924,616

1,538,433

52,821

928,825

993,485

702,810

62,848

714,412

155,669

52,647

164,823

Net Receivables

0
0
0
16,400
15,000
17,900
12,500
14,900
19,000
27,800
32,500
30,100
32,000
32,900
35,200
35,943
36,382
36,780
37,331
34,722
36,558
37,218
38,155
38,936
38,936
118,619
136,740
133,444
131,344
133,650
135,008
156,975
155,412
168,388
170,122
161,549
192,841
698,811
201,673
300,672
206,254
238,792
317,452
204,929
201,473
222,451
216,738
297,884
606,434
228,235
229,405
1,047,130
278,995
277,883
335,247
437,549
412,504
427,097
390,938
390,987
406,386
741,461
1,133,758
1,106,884
494,479
741,723
895,812
536,481
511,360
599,923
605,374
600,572
759,189
845,959
806,464
1,011,637
1,050,467
586,097
973,310
632,548
1,684,732
1,776,118
687,111
618,977
583,912
733,770
794,139
683,819
626,325
683,772
716,217
972,839
1,277,922
1,275,072
1,102,807
1,077,714
1,978,668
1,452,455
1,441,546
1,368,891
2,540,196
2,755,791
2,558,576
2,564,282
2,571,006
2,726,553
2,918,991
4,170,374
4,273,732
3,397,237
3,798,351
2,253,213

2,253,213

3,798,351

3,397,237

4,273,732

4,170,374

2,918,991

2,726,553

2,571,006

2,564,282

2,558,576

2,755,791

2,540,196

1,368,891

1,441,546

1,452,455

1,978,668

1,077,714

1,102,807

1,275,072

1,277,922

972,839

716,217

683,772

626,325

683,819

794,139

733,770

583,912

618,977

687,111

1,776,118

1,684,732

632,548

973,310

586,097

1,050,467

1,011,637

806,464

845,959

759,189

600,572

605,374

599,923

511,360

536,481

895,812

741,723

494,479

1,106,884

1,133,758

741,461

406,386

390,987

390,938

427,097

412,504

437,549

335,247

277,883

278,995

1,047,130

229,405

228,235

606,434

297,884

216,738

222,451

201,473

204,929

317,452

238,792

206,254

300,672

201,673

698,811

192,841

161,549

170,122

168,388

155,412

156,975

135,008

133,650

131,344

133,444

136,740

118,619

38,936

38,155

37,218

36,558

34,722

37,331

36,780

36,382

35,943

35,200

32,900

32,000

30,100

32,500

27,800

19,000

14,900

12,500

17,900

15,000

16,400

Other Current Assets

0
0
0
563,300
630,500
710,000
758,900
814,400
941,000
1,003,700
1,099,800
1,199,000
1,258,600
1,314,800
1,358,800
1,475,261
1,606,361
1,678,051
1,795,283
1,905,333
1,983,537
2,136,898
2,315,704
0
2,485,002
2,706,122
3,206,138
2,779,393
3,036,697
3,182,623
3,139,341
3,352,914
3,770,770
3,826,675
4,304,726
4,466,688
5,022,857
5,481,545
5,296,932
5,442,802
5,582,817
6,230,087
6,554,799
4,895,261
6,763,209
6,824,203
6,926,850
5,647,892
7,203,890
7,287,660
7,359,797
7,053,855
8,084,360
8,372,913
8,396,279
7,283,877
9,139,607
9,953,226
10,356,001
8,914,960
10,211,198
10,588,349
11,527,184
10,544,491
11,996,190
12,541,115
12,928,251
11,202,370
11,067,367
11,770,438
11,614,216
11,469,445
11,766,748
12,609,228
12,928,677
13,210,482
13,899,055
14,037,225
14,605,252
15,935,936
17,133,196
18,205,071
18,121,376
18,467,756
18,423,460
19,476,855
19,617,132
20,102,864
20,543,461
21,078,844
21,247,376
21,897,322
22,208,263
23,445,143
23,835,849
24,015,609
24,812,101
28,863,224
29,958,432
30,111,597
31,858,901
31,583,161
31,702,728
-2,092,854
-3,484,302
4,400,764
4,643,945
-5,100,332
3,219,927
2,975,260
3,187,383
3,227,117

3,227,117

3,187,383

2,975,260

3,219,927

-5,100,332

4,643,945

4,400,764

-3,484,302

-2,092,854

31,702,728

31,583,161

31,858,901

30,111,597

29,958,432

28,863,224

24,812,101

24,015,609

23,835,849

23,445,143

22,208,263

21,897,322

21,247,376

21,078,844

20,543,461

20,102,864

19,617,132

19,476,855

18,423,460

18,467,756

18,121,376

18,205,071

17,133,196

15,935,936

14,605,252

14,037,225

13,899,055

13,210,482

12,928,677

12,609,228

11,766,748

11,469,445

11,614,216

11,770,438

11,067,367

11,202,370

12,928,251

12,541,115

11,996,190

10,544,491

11,527,184

10,588,349

10,211,198

8,914,960

10,356,001

9,953,226

9,139,607

7,283,877

8,396,279

8,372,913

8,084,360

7,053,855

7,359,797

7,287,660

7,203,890

5,647,892

6,926,850

6,824,203

6,763,209

4,895,261

6,554,799

6,230,087

5,582,817

5,442,802

5,296,932

5,481,545

5,022,857

4,466,688

4,304,726

3,826,675

3,770,770

3,352,914

3,139,341

3,182,623

3,036,697

2,779,393

3,206,138

2,706,122

2,485,002

2,315,704

2,136,898

1,983,537

1,905,333

1,795,283

1,678,051

1,606,361

1,475,261

1,358,800

1,314,800

1,258,600

1,199,000

1,099,800

1,003,700

941,000

814,400

758,900

710,000

630,500

563,300

> Long-term Assets

0
0
0
32,200
33,800
35,900
41,700
46,000
50,100
51,800
54,800
58,500
63,400
67,600
69,600
84,334
86,196
91,897
94,791
97,156
98,309
101,625
105,212
0
109,217
135,972
143,771
698,629
663,226
686,934
254,053
1,119,352
313,337
369,247
419,061
1,657,684
643,620
653,674
683,653
2,263,192
698,376
804,252
841,659
2,443,616
860,433
867,892
874,143
633,238
637,933
641,362
641,088
640,793
639,476
640,216
643,783
641,994
639,185
638,106
644,664
657,461
663,781
698,410
737,260
759,050
764,096
801,717
815,944
867,553
867,945
889,936
894,233
925,707
923,538
933,896
981,829
979,673
998,336
1,011,068
1,085,047
1,088,226
1,099,613
1,103,708
1,103,937
1,117,739
1,118,774
1,125,017
1,130,650
1,141,400
1,160,597
1,170,716
1,229,407
1,293,734
1,296,261
1,342,713
1,349,828
1,446,605
1,452,209
1,455,490
1,457,602
1,450,555
1,440,574
1,430,708
1,424,782
1,540,372
1,536,003
8,143,916
1,439,728
1,550,873
1,434,821
8,882,327
9,359,964
53,032,817

53,032,817

9,359,964

8,882,327

1,434,821

1,550,873

1,439,728

8,143,916

1,536,003

1,540,372

1,424,782

1,430,708

1,440,574

1,450,555

1,457,602

1,455,490

1,452,209

1,446,605

1,349,828

1,342,713

1,296,261

1,293,734

1,229,407

1,170,716

1,160,597

1,141,400

1,130,650

1,125,017

1,118,774

1,117,739

1,103,937

1,103,708

1,099,613

1,088,226

1,085,047

1,011,068

998,336

979,673

981,829

933,896

923,538

925,707

894,233

889,936

867,945

867,553

815,944

801,717

764,096

759,050

737,260

698,410

663,781

657,461

644,664

638,106

639,185

641,994

643,783

640,216

639,476

640,793

641,088

641,362

637,933

633,238

874,143

867,892

860,433

2,443,616

841,659

804,252

698,376

2,263,192

683,653

653,674

643,620

1,657,684

419,061

369,247

313,337

1,119,352

254,053

686,934

663,226

698,629

143,771

135,972

109,217

105,212

101,625

98,309

97,156

94,791

91,897

86,196

84,334

69,600

67,600

63,400

58,500

54,800

51,800

50,100

46,000

41,700

35,900

33,800

32,200

Property Plant Equipment

0
0
0
30,300
31,900
34,000
39,900
44,200
48,400
50,200
53,200
57,000
62,000
66,300
68,300
72,851
74,891
80,771
83,843
86,386
87,717
91,202
94,958
99,132
99,132
109,509
117,299
118,961
121,068
141,488
145,256
156,714
162,310
167,077
176,943
185,926
217,048
228,550
238,722
247,875
254,471
280,892
299,386
311,041
320,924
329,498
336,755
339,297
344,863
348,881
349,388
349,875
349,245
350,447
352,890
350,345
348,182
346,806
353,445
363,696
369,785
403,577
412,478
431,512
434,700
449,608
461,905
501,205
504,803
512,928
517,942
531,947
531,763
535,281
555,241
555,228
559,281
571,498
587,348
655,426
680,945
699,541
713,618
726,703
753,979
796,459
803,806
834,230
817,462
833,505
863,710
904,377
900,277
941,325
950,503
985,520
971,730
1,006,949
1,004,661
1,011,242
999,506
971,398
992,805
1,008,487
1,001,869
986,194
1,007,851
1,018,726
1,016,584
1,023,744
1,022,653
748,966

748,966

1,022,653

1,023,744

1,016,584

1,018,726

1,007,851

986,194

1,001,869

1,008,487

992,805

971,398

999,506

1,011,242

1,004,661

1,006,949

971,730

985,520

950,503

941,325

900,277

904,377

863,710

833,505

817,462

834,230

803,806

796,459

753,979

726,703

713,618

699,541

680,945

655,426

587,348

571,498

559,281

555,228

555,241

535,281

531,763

531,947

517,942

512,928

504,803

501,205

461,905

449,608

434,700

431,512

412,478

403,577

369,785

363,696

353,445

346,806

348,182

350,345

352,890

350,447

349,245

349,875

349,388

348,881

344,863

339,297

336,755

329,498

320,924

311,041

299,386

280,892

254,471

247,875

238,722

228,550

217,048

185,926

176,943

167,077

162,310

156,714

145,256

141,488

121,068

118,961

117,299

109,509

99,132

94,958

91,202

87,717

86,386

83,843

80,771

74,891

72,851

68,300

66,300

62,000

57,000

53,200

50,200

48,400

44,200

39,900

34,000

31,900

30,300

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
25,091
25,220
25,266
29,515
29,835
30,026
48,490
48,665
59,378
91,024
113,461
196,549
195,827
195,941
196,716
196,625
270,774
269,646
268,936
269,092
268,983
268,983
276,204
276,121
276,311
276,311
276,310
276,310
276,525
276,525
278,025
278,025
278,025
278,025
281,190
281,940
283,301
302,369
305,468
307,295
330,896
331,634
345,401
343,632
356,871
357,309
374,547
373,725
381,721
406,604
405,634
420,197
421,646
472,166
471,761
484,280
486,095
485,938
498,587
499,341
500,260
502,021
501,884
511,497
509,957
537,560
573,141
573,658
584,911
584,315
645,220
643,441
644,213
644,644
645,707
646,017
646,336
645,792
655,149
655,402
654,709
653,079
653,524
653,587
656,674
656,109
656,672

656,672

656,109

656,674

653,587

653,524

653,079

654,709

655,402

655,149

645,792

646,336

646,017

645,707

644,644

644,213

643,441

645,220

584,315

584,911

573,658

573,141

537,560

509,957

511,497

501,884

502,021

500,260

499,341

498,587

485,938

486,095

484,280

471,761

472,166

421,646

420,197

405,634

406,604

381,721

373,725

374,547

357,309

356,871

343,632

345,401

331,634

330,896

307,295

305,468

302,369

283,301

281,940

281,190

278,025

276,525

276,310

276,311

276,121

276,204

268,983

269,092

268,936

269,646

270,774

196,625

196,716

195,941

195,827

196,549

113,461

91,024

59,378

48,665

48,490

30,026

29,835

29,515

25,266

25,220

25,091

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
10,196,662
9,969,923
10,348,414
11,034,974
0
0
0
0
412,783
381,958
538,650
334,604
334,824
216,299
365,861
369,318
352,496
454,166
498,880
350,317
1,273,312
1,228,385
1,550,080
1,493,493
1,056,068
957,442
1,178,200
1,190,265
1,141,036
1,306,124
1,347,408
1,305,237
27,127,203
3,486,440
3,775,193
3,833,792
31,262,457
4,230,150
4,029,014
3,907,850
4,328,600
3,691,893
4,775,823
5,199,496
5,361,650
6,528,168
6,477,895
6,427,686
6,995,076
6,978,281
7,176,256
7,656,958
7,503,806

7,503,806

7,656,958

7,176,256

6,978,281

6,995,076

6,427,686

6,477,895

6,528,168

5,361,650

5,199,496

4,775,823

3,691,893

4,328,600

3,907,850

4,029,014

4,230,150

31,262,457

3,833,792

3,775,193

3,486,440

27,127,203

1,305,237

1,347,408

1,306,124

1,141,036

1,190,265

1,178,200

957,442

1,056,068

1,493,493

1,550,080

1,228,385

1,273,312

350,317

498,880

454,166

352,496

369,318

365,861

216,299

334,824

334,604

538,650

381,958

412,783

11,034,974

10,348,414

9,969,923

10,196,662

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,305
11,126
10,948
10,770
10,592
10,423
10,254
10,085
26,027
26,463
26,472
26,431
32,191
32,244
2,259
52,088
3,399
3,205
4,629
124,682
20,060
19,376
18,491
217,953
16,864
22,211
22,757
21,599
20,630
19,666
18,701
17,737
16,949
16,170
15,389
14,608
13,921
13,244
14,368
13,624
12,978
13,275
13,194
12,575
12,056
11,532
22,413
22,070
22,101
21,213
22,405
20,947
19,510
20,137
18,982
19,213
18,050
16,894
19,984
18,811
18,858
17,924
25,533
24,209
23,725
21,821
20,736
21,851
20,687
19,546
18,651
17,621
22,413
21,414
27,378
49,424
46,566
46,588
43,657
47,057
44,185
41,368
38,670
36,040
34,035
31,997
30,118
28,307
26,699
25,118
23,620
22,186
20,951
25,653
24,244
22,889

22,889

24,244

25,653

20,951

22,186

23,620

25,118

26,699

28,307

30,118

31,997

34,035

36,040

38,670

41,368

44,185

47,057

43,657

46,588

46,566

49,424

27,378

21,414

22,413

17,621

18,651

19,546

20,687

21,851

20,736

21,821

23,725

24,209

25,533

17,924

18,858

18,811

19,984

16,894

18,050

19,213

18,982

20,137

19,510

20,947

22,405

21,213

22,101

22,070

22,413

11,532

12,056

12,575

13,194

13,275

12,978

13,624

14,368

13,244

13,921

14,608

15,389

16,170

16,949

17,737

18,701

19,666

20,630

21,599

22,757

22,211

16,864

217,953

18,491

19,376

20,060

124,682

4,629

3,205

3,399

52,088

2,259

32,244

32,191

26,431

26,472

26,463

26,027

10,085

10,254

10,423

10,592

10,770

10,948

11,126

11,305

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
4,838,362
4,942,976
4,918,213
5,457,256
5,578,812
6,462,104
7,166,635
7,428,581
9,197,680
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,197,680

7,428,581

7,166,635

6,462,104

5,578,812

5,457,256

4,918,213

4,942,976

4,838,362

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
258,512
267,267
366,864
238,597
215,515
227,399
344,607
434,271
511,589
529,777
540,507
2,779,393
3,036,697
3,182,623
3,207,623
3,352,914
3,836,946
3,862,618
4,352,003
4,466,688
5,015,281
5,978,284
5,277,464
5,442,802
5,574,806
6,251,703
6,639,952
4,895,261
6,733,058
6,812,136
6,904,974
8,565,431
7,822,789
7,524,210
7,596,131
9,797,739
8,643,682
9,329,528
9,929,092
11,438,493
10,814,372
11,528,707
11,976,458
13,169,005
11,565,159
12,320,627
13,762,592
14,986,746
13,392,564
14,401,334
14,759,128
16,367,329
14,135,896
14,655,500
14,683,566
16,918,668
15,017,666
15,788,532
16,144,174
18,805,918
17,376,162
17,378,701
18,497,261
21,557,486
21,409,092
22,411,694
22,324,901
24,283,620
22,642,284
23,858,507
24,309,713
26,497,036
25,169,080
26,048,505
26,468,403
29,555,645
28,605,813
29,811,968
30,843,260
34,887,811
33,427,561
38,544,567
39,019,018
43,307,798
41,384,554
42,684,177
43,571,767
41,733,903
43,634,311
35,203,963
42,245,058
46,606,090
50,992,762
35,836,565
35,918,438
0

35,918,438

35,836,565

50,992,762

46,606,090

42,245,058

35,203,963

43,634,311

41,733,903

43,571,767

42,684,177

41,384,554

43,307,798

39,019,018

38,544,567

33,427,561

34,887,811

30,843,260

29,811,968

28,605,813

29,555,645

26,468,403

26,048,505

25,169,080

26,497,036

24,309,713

23,858,507

22,642,284

24,283,620

22,324,901

22,411,694

21,409,092

21,557,486

18,497,261

17,378,701

17,376,162

18,805,918

16,144,174

15,788,532

15,017,666

16,918,668

14,683,566

14,655,500

14,135,896

16,367,329

14,759,128

14,401,334

13,392,564

14,986,746

13,762,592

12,320,627

11,565,159

13,169,005

11,976,458

11,528,707

10,814,372

11,438,493

9,929,092

9,329,528

8,643,682

9,797,739

7,596,131

7,524,210

7,822,789

8,565,431

6,904,974

6,812,136

6,733,058

4,895,261

6,639,952

6,251,703

5,574,806

5,442,802

5,277,464

5,978,284

5,015,281

4,466,688

4,352,003

3,862,618

3,836,946

3,352,914

3,207,623

3,182,623

3,036,697

2,779,393

540,507

529,777

511,589

434,271

344,607

227,399

215,515

238,597

366,864

267,267

258,512

> Total Liabilities

0
0
0
663,400
701,100
791,900
906,100
984,600
1,081,900
1,105,500
1,170,400
1,272,800
1,342,200
1,435,900
1,484,000
1,586,435
1,677,056
1,765,111
1,898,936
2,000,530
2,060,758
2,189,114
2,377,372
2,564,144
2,564,144
3,013,401
3,358,747
3,494,553
3,676,090
3,882,995
4,005,003
4,397,561
4,593,765
4,952,027
5,387,133
5,945,136
6,783,012
7,172,072
7,279,742
7,549,131
7,729,360
8,450,981
8,699,762
8,798,506
8,684,863
8,627,832
8,743,141
8,629,304
8,979,173
9,174,052
9,055,589
9,591,754
9,755,714
10,294,460
11,029,939
11,076,981
11,475,146
12,323,824
12,701,456
12,543,607
12,626,927
13,142,511
14,386,617
14,350,275
14,484,097
14,854,208
15,257,292
15,714,908
15,248,559
15,776,886
15,808,982
16,197,194
16,281,020
16,897,446
17,140,837
17,940,905
18,251,197
18,534,942
19,708,194
20,564,892
21,069,726
21,797,021
22,647,285
22,972,936
23,013,910
24,089,807
24,449,237
24,939,031
25,425,522
26,357,717
26,962,909
27,973,951
28,986,649
30,194,819
31,371,577
32,929,333
35,099,454
39,549,799
39,657,629
40,964,773
41,429,691
42,399,439
43,421,954
45,643,455
45,758,405
46,241,709
47,744,959
48,152,811
47,858,005
49,244,264
50,539,633
50,860,408

50,860,408

50,539,633

49,244,264

47,858,005

48,152,811

47,744,959

46,241,709

45,758,405

45,643,455

43,421,954

42,399,439

41,429,691

40,964,773

39,657,629

39,549,799

35,099,454

32,929,333

31,371,577

30,194,819

28,986,649

27,973,951

26,962,909

26,357,717

25,425,522

24,939,031

24,449,237

24,089,807

23,013,910

22,972,936

22,647,285

21,797,021

21,069,726

20,564,892

19,708,194

18,534,942

18,251,197

17,940,905

17,140,837

16,897,446

16,281,020

16,197,194

15,808,982

15,776,886

15,248,559

15,714,908

15,257,292

14,854,208

14,484,097

14,350,275

14,386,617

13,142,511

12,626,927

12,543,607

12,701,456

12,323,824

11,475,146

11,076,981

11,029,939

10,294,460

9,755,714

9,591,754

9,055,589

9,174,052

8,979,173

8,629,304

8,743,141

8,627,832

8,684,863

8,798,506

8,699,762

8,450,981

7,729,360

7,549,131

7,279,742

7,172,072

6,783,012

5,945,136

5,387,133

4,952,027

4,593,765

4,397,561

4,005,003

3,882,995

3,676,090

3,494,553

3,358,747

3,013,401

2,564,144

2,377,372

2,189,114

2,060,758

2,000,530

1,898,936

1,765,111

1,677,056

1,586,435

1,484,000

1,435,900

1,342,200

1,272,800

1,170,400

1,105,500

1,081,900

984,600

906,100

791,900

701,100

663,400

> Total Current Liabilities

0
0
0
641,000
694,000
781,000
890,000
965,000
1,059,000
1,079,000
1,139,000
1,242,000
1,309,000
1,400,000
1,446,000
1,547,000
1,632,000
1,709,000
1,815,000
1,922,000
1,971,000
2,113,000
2,293,000
2,466,000
2,466,000
2,903,000
3,244,000
189,535
189,791
302,794
259,197
201,703
128,269
136,596
129,928
329,782
138,119
499,745
120,617
128,042
111,947
85,239
151,735
104,085
91,579
67,989
89,175
102,884
373,097
224,139
124,126
121,744
116,596
108,369
182,229
171,990
138,912
160,394
176,325
156,321
142,847
135,309
194,590
240,281
228,323
212,460
349,236
331,245
317,872
310,515
265,775
302,958
283,724
327,279
287,115
336,225
316,964
357,106
359,234
395,259
455,273
520,922
479,296
542,378
463,784
536,669
459,993
881,907
609,403
698,260
682,316
668,307
856,771
1,003,719
995,769
1,045,958
1,297,779
1,479,568
1,395,422
1,296,773
1,132,986
1,160,571
1,032,073
3
177,786
1,308,797
1,493,656
779,144
1,549,116
1,823,073
1,885,580
37,362,170

37,362,170

1,885,580

1,823,073

1,549,116

779,144

1,493,656

1,308,797

177,786

1,032,073

1,160,571

1,132,986

1,296,773

1,395,422

1,479,568

1,297,779

1,045,958

995,769

1,003,719

856,771

668,307

682,316

698,260

609,403

881,907

459,993

536,669

463,784

542,378

479,296

520,922

455,273

395,259

359,234

357,106

316,964

336,225

287,115

327,279

283,724

302,958

265,775

310,515

317,872

331,245

349,236

212,460

228,323

240,281

194,590

135,309

142,847

156,321

176,325

160,394

138,912

171,990

182,229

108,369

116,596

121,744

124,126

224,139

373,097

102,884

89,175

67,989

91,579

104,085

151,735

85,239

111,947

128,042

120,617

499,745

138,119

329,782

129,928

136,596

128,269

201,703

259,197

302,794

189,791

189,535

3,244,000

2,903,000

2,466,000

2,293,000

2,113,000

1,971,000

1,922,000

1,815,000

1,709,000

1,632,000

1,547,000

1,446,000

1,400,000

1,309,000

1,242,000

1,139,000

1,079,000

1,059,000

965,000

890,000

781,000

694,000

641,000

Short-term Debt

0
0
0
7,100
7,100
0
0
35,500
35,500
1,100
0
0
40,000
55,200
40,000
59,843
68,721
46,783
41,910
43,639
14,727
15,217
38,358
28,074
28,074
211,712
49,245
90,733
88,643
190,000
140,000
75,669
75,669
0
0
250,294
38,607
395,147
31,476
34,916
34,916
0
0
0
0
0
0
0
0
0
0
0
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,004
52,822
52,639
2,457
2,275
414,122
414,032
585,942
387,852
417,762
387,672
580,582
347,500
733,050
416,036
444,017
451,330
5,000
47,680
38,798
33,173
36,928
39,246
46,280
19,959
344,663
17,977
21,437
17,431
1,991
16,212
10,182
9,677
6,468
12,127
8,458
7,983
62,987
12,416
15,597
1,241,071
1,241,071
1,241,071
16,418
9,212
290,000
10,124
17,773
14,183
38,872

38,872

14,183

17,773

10,124

290,000

9,212

16,418

1,241,071

15,597

12,416

62,987

7,983

8,458

12,127

6,468

9,677

10,182

16,212

1,991

17,431

21,437

17,977

344,663

19,959

46,280

39,246

36,928

33,173

38,798

47,680

5,000

451,330

444,017

416,036

733,050

347,500

580,582

387,672

417,762

387,852

585,942

414,032

414,122

2,275

2,457

52,639

52,822

3,004

1,000

34,916

31,476

395,147

38,607

250,294

75,669

140,000

190,000

88,643

90,733

49,245

211,712

28,074

38,358

15,217

14,727

43,639

41,910

46,783

68,721

59,843

40,000

55,200

40,000

1,100

35,500

7,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
146,000
0
0
0
26,426
1,052,608
840,666
660,998
52,635
466,372
1,026,226
1,149,033
94,663
1,610,468
1,384,779
1,381,309
162,379
16,212
10,182
9,677
20,520
12,127
8,458
7,983
11,366
12,416
15,597
0
0
0
0
0
290,000
0
0
0
0

290,000

15,597

12,416

11,366

7,983

8,458

12,127

20,520

9,677

10,182

16,212

162,379

1,381,309

1,384,779

1,610,468

94,663

1,149,033

1,026,226

466,372

52,635

660,998

840,666

1,052,608

26,426

146,000

Accounts payable

0
0
0
0
0
0
0
11,000
0
14,300
15,900
12,600
16,300
15,000
17,200
23,570
29,574
33,236
46,834
51,690
39,350
42,502
40,655
2,314,636
33,809
83,482
83,342
98,802
101,148
112,794
119,197
126,034
128,269
136,596
129,928
79,488
99,512
104,598
89,141
93,126
111,947
85,239
151,735
104,085
91,579
67,989
89,175
102,884
373,097
224,139
124,126
121,744
115,596
107,369
181,229
170,990
137,912
159,394
175,325
155,321
141,847
134,309
191,586
187,459
175,684
210,003
346,961
331,245
317,872
310,515
265,775
302,958
283,724
327,279
287,115
336,225
316,964
357,106
359,234
390,259
407,593
482,124
446,123
505,450
424,538
490,389
440,034
537,244
591,426
676,823
664,885
666,316
840,559
993,537
986,092
1,039,490
1,285,652
1,471,110
1,387,439
1,233,786
1,120,570
1,144,974
1,032,073
1,122,159
1,124,460
1,308,797
1,493,656
1,646,624
1,549,116
1,823,073
1,885,580
1,799,922

1,799,922

1,885,580

1,823,073

1,549,116

1,646,624

1,493,656

1,308,797

1,124,460

1,122,159

1,032,073

1,144,974

1,120,570

1,233,786

1,387,439

1,471,110

1,285,652

1,039,490

986,092

993,537

840,559

666,316

664,885

676,823

591,426

537,244

440,034

490,389

424,538

505,450

446,123

482,124

407,593

390,259

359,234

357,106

316,964

336,225

287,115

327,279

283,724

302,958

265,775

310,515

317,872

331,245

346,961

210,003

175,684

187,459

191,586

134,309

141,847

155,321

175,325

159,394

137,912

170,990

181,229

107,369

115,596

121,744

124,126

224,139

373,097

102,884

89,175

67,989

91,579

104,085

151,735

85,239

111,947

93,126

89,141

104,598

99,512

79,488

129,928

136,596

128,269

126,034

119,197

112,794

101,148

98,802

83,342

83,482

33,809

2,314,636

40,655

42,502

39,350

51,690

46,834

33,236

29,574

23,570

17,200

15,000

16,300

12,600

15,900

14,300

11,000

Other Current Liabilities

0
0
0
633,900
694,000
781,000
890,000
918,500
1,059,000
1,063,600
1,123,100
1,229,400
1,252,700
1,329,800
1,388,800
1,463,587
1,533,705
1,628,981
1,726,256
1,826,671
1,916,923
2,055,281
2,213,987
0
2,404,117
2,607,806
3,111,413
-189,535
-189,791
-302,794
-259,197
-201,703
-128,269
-136,596
-129,928
-329,782
-138,119
-499,745
-120,617
-128,042
-111,947
-85,239
-151,735
-104,085
-91,579
-67,989
-89,175
-102,884
-373,097
-224,139
-124,126
-121,744
-116,596
-108,369
-182,229
-171,990
-138,912
-160,394
-176,325
-156,321
-142,847
-135,309
-194,590
-240,281
-228,323
-212,460
-349,236
-331,245
-317,872
-310,515
-265,775
-302,958
-283,724
-327,279
-287,115
-336,225
-316,964
-357,106
-359,234
-395,259
-455,273
-520,922
-479,296
-542,378
-463,784
-536,669
-459,993
-881,907
-609,403
-698,260
-682,316
-668,307
-856,771
-1,003,719
-995,769
-1,045,958
-1,297,779
-1,479,568
-1,395,422
-1,296,773
-1,132,986
-1,160,571
-1,032,073
-1,122,159
-1,124,460
-17,152
-9,578
-1,158,412
-1,549,116
-1,823,073
-1,885,580
35,522,811

35,522,811

-1,885,580

-1,823,073

-1,549,116

-1,158,412

-9,578

-17,152

-1,124,460

-1,122,159

-1,032,073

-1,160,571

-1,132,986

-1,296,773

-1,395,422

-1,479,568

-1,297,779

-1,045,958

-995,769

-1,003,719

-856,771

-668,307

-682,316

-698,260

-609,403

-881,907

-459,993

-536,669

-463,784

-542,378

-479,296

-520,922

-455,273

-395,259

-359,234

-357,106

-316,964

-336,225

-287,115

-327,279

-283,724

-302,958

-265,775

-310,515

-317,872

-331,245

-349,236

-212,460

-228,323

-240,281

-194,590

-135,309

-142,847

-156,321

-176,325

-160,394

-138,912

-171,990

-182,229

-108,369

-116,596

-121,744

-124,126

-224,139

-373,097

-102,884

-89,175

-67,989

-91,579

-104,085

-151,735

-85,239

-111,947

-128,042

-120,617

-499,745

-138,119

-329,782

-129,928

-136,596

-128,269

-201,703

-259,197

-302,794

-189,791

-189,535

3,111,413

2,607,806

2,404,117

2,213,987

2,055,281

1,916,923

1,826,671

1,726,256

1,628,981

1,533,705

1,463,587

1,388,800

1,329,800

1,252,700

1,229,400

1,123,100

1,063,600

1,059,000

918,500

890,000

781,000

694,000

633,900

> Long-term Liabilities

0
0
0
22,000
7,000
11,000
16,000
20,000
23,000
27,000
31,000
31,000
33,000
36,000
38,000
39,000
45,000
56,000
84,000
79,000
90,000
76,000
84,000
0
98,000
110,000
115,000
215,894
216,004
160,255
26,000
319,237
1,000
1,000
1,000
510,620
6,000
4,000
1,000
691,655
1,000
30,000
8,000
825,181
47,750
50,550
71,900
60,700
70,300
41,975
42,025
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,004
52,822
52,639
2,457
2,275
2,093
31,911
1,729
1,546
364
182
1,013,791
788,476
1,319,008
992,535
1,095,418
1,119,874
1,534,461
1,445,062
1,233,147
1,053,507
808,854
858,931
988,575
1,113,260
1,218,440
1,554,769
1,315,415
1,381,309
1,212,957
1,341,348
1,682,467
1,674,880
1,782,705
2,352,142
2,426,815
2,425,768
2,437,429
2,435,474
2,449,849
2,435,975
45,643,452
45,580,619
1,308,797
1,493,656
47,373,667
1,549,116
3,382,484
3,661,367
13,498,238

13,498,238

3,661,367

3,382,484

1,549,116

47,373,667

1,493,656

1,308,797

45,580,619

45,643,452

2,435,975

2,449,849

2,435,474

2,437,429

2,425,768

2,426,815

2,352,142

1,782,705

1,674,880

1,682,467

1,341,348

1,212,957

1,381,309

1,315,415

1,554,769

1,218,440

1,113,260

988,575

858,931

808,854

1,053,507

1,233,147

1,445,062

1,534,461

1,119,874

1,095,418

992,535

1,319,008

788,476

1,013,791

182

364

1,546

1,729

31,911

2,093

2,275

2,457

52,639

52,822

3,004

1,000

42,025

41,975

70,300

60,700

71,900

50,550

47,750

825,181

8,000

30,000

1,000

691,655

1,000

4,000

6,000

510,620

1,000

319,237

26,000

160,255

216,004

215,894

115,000

110,000

98,000

84,000

76,000

90,000

79,000

84,000

56,000

45,000

39,000

38,000

36,000

33,000

31,000

27,000

23,000

20,000

16,000

11,000

7,000

22,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
900,493
900,493
1,323,199
1,340,579
0
0
0
0
540,997
552,648
513,998
507,909
504,597
480,579
433,209
440,976
585,958
576,499
651,401
668,544
674,585
645,580
645,092
633,875
655,023
631,346
670,305
644,298
658,789
639,769
648,415
766,309
786,631
764,995
1,107,644
1,100,033
1,107,835
1,177,248
1,198,399
1,197,346
1,209,000
1,207,038
1,208,778
1,194,904
1,184,640
1,173,115
1,173,515
1,138,041
0
1,274,607
1,356,413
0
0

1,356,413

1,274,607

1,138,041

1,173,515

1,173,115

1,184,640

1,194,904

1,208,778

1,207,038

1,209,000

1,197,346

1,198,399

1,177,248

1,107,835

1,100,033

1,107,644

764,995

786,631

766,309

648,415

639,769

658,789

644,298

670,305

631,346

655,023

633,875

645,092

645,580

674,585

668,544

651,401

576,499

585,958

440,976

433,209

480,579

504,597

507,909

513,998

552,648

540,997

1,340,579

1,323,199

900,493

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,574
33,236
46,834
51,690
39,350
42,502
40,655
33,809
53,518
83,482
83,342
98,802
101,148
112,794
119,197
126,034
128,269
136,596
129,928
79,488
99,320
104,680
89,039
93,126
111,947
85,239
151,735
104,085
91,579
67,989
89,175
102,884
373,097
224,139
124,126
121,744
122,766
107,369
181,229
170,990
199,929
159,594
177,370
155,321
151,847
136,552
265,460
187,459
175,684
229,028
351,119
331,245
319,122
311,092
265,775
606,046
283,724
327,279
287,115
340,053
319,893
357,106
359,851
390,797
407,593
522,124
446,123
505,450
424,538
495,540
440,914
537,244
591,426
597,657
578,130
585,531
550,269
644,634
600,107
692,707
890,336
1,098,645
1,039,139
749,204
899,872
940,984
855,729
656,393
988,084
1,132,707
1,118,007
1,119,632
0
1,386,542
0
0

1,386,542

1,119,632

1,118,007

1,132,707

988,084

656,393

855,729

940,984

899,872

749,204

1,039,139

1,098,645

890,336

692,707

600,107

644,634

550,269

585,531

578,130

597,657

591,426

537,244

440,914

495,540

424,538

505,450

446,123

522,124

407,593

390,797

359,851

357,106

319,893

340,053

287,115

327,279

283,724

606,046

265,775

311,092

319,122

331,245

351,119

229,028

175,684

187,459

265,460

136,552

151,847

155,321

177,370

159,594

199,929

170,990

181,229

107,369

122,766

121,744

124,126

224,139

373,097

102,884

89,175

67,989

91,579

104,085

151,735

85,239

111,947

93,126

89,039

104,680

99,320

79,488

129,928

136,596

128,269

126,034

119,197

112,794

101,148

98,802

83,342

83,482

53,518

33,809

40,655

42,502

39,350

51,690

46,834

33,236

29,574

> Total Stockholder Equity

0
0
0
42,600
63,500
65,000
66,900
68,800
70,000
71,000
73,200
75,200
77,200
79,200
80,900
92,947
94,835
98,358
97,370
102,276
105,872
132,969
138,024
141,278
141,278
205,999
218,028
227,002
238,905
249,399
299,874
349,837
369,008
374,152
430,153
473,912
562,527
596,921
613,761
627,911
652,887
721,803
763,298
773,346
729,741
720,628
721,973
739,555
753,293
749,025
809,331
1,066,572
1,063,227
1,065,076
1,106,082
1,138,639
1,364,832
1,384,736
1,398,912
1,436,549
1,453,253
1,473,386
1,528,187
1,543,533
1,687,921
1,722,074
1,761,300
1,804,705
1,825,688
1,836,660
1,873,566
1,900,589
1,940,143
1,998,235
2,028,508
2,069,822
2,131,074
2,264,982
2,335,736
2,352,274
2,418,442
2,623,595
2,674,474
2,695,617
2,764,983
2,839,458
2,908,925
2,976,939
3,031,250
3,106,871
3,179,822
3,267,570
3,371,972
3,446,950
3,540,325
3,691,250
3,700,393
3,990,218
4,074,089
4,115,995
4,252,511
4,339,011
4,410,317
4,498,688
4,492,256
4,727,623
4,637,980
4,796,838
5,015,506
5,041,912
5,015,613
5,399,526

5,399,526

5,015,613

5,041,912

5,015,506

4,796,838

4,637,980

4,727,623

4,492,256

4,498,688

4,410,317

4,339,011

4,252,511

4,115,995

4,074,089

3,990,218

3,700,393

3,691,250

3,540,325

3,446,950

3,371,972

3,267,570

3,179,822

3,106,871

3,031,250

2,976,939

2,908,925

2,839,458

2,764,983

2,695,617

2,674,474

2,623,595

2,418,442

2,352,274

2,335,736

2,264,982

2,131,074

2,069,822

2,028,508

1,998,235

1,940,143

1,900,589

1,873,566

1,836,660

1,825,688

1,804,705

1,761,300

1,722,074

1,687,921

1,543,533

1,528,187

1,473,386

1,453,253

1,436,549

1,398,912

1,384,736

1,364,832

1,138,639

1,106,082

1,065,076

1,063,227

1,066,572

809,331

749,025

753,293

739,555

721,973

720,628

729,741

773,346

763,298

721,803

652,887

627,911

613,761

596,921

562,527

473,912

430,153

374,152

369,008

349,837

299,874

249,399

238,905

227,002

218,028

205,999

141,278

138,024

132,969

105,872

102,276

97,370

98,358

94,835

92,947

80,900

79,200

77,200

75,200

73,200

71,000

70,000

68,800

66,900

65,000

63,500

42,600

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,200
8,771
8,838
8,850
8,850
8,857
8,859
9,637
9,673
9,688
14,532
16,955
17,148
17,216
17,371
17,428
18,898
20,066
20,213
20,485
21,064
21,729
23,447
23,568
23,655
23,941
24,231
26,316
25,718
25,802
26,609
26,012
26,060
26,281
26,875
26,478
26,548
26,611
26,766
26,835
26,965
27,079
31,044
31,084
31,145
34,864
34,947
34,988
35,926
35,982
36,522
36,573
36,647
37,108
37,272
37,985
39,992
46,181
46,332
46,627
46,766
46,881
47,475
47,763
48,422
48,469
48,608
51,708
51,811
51,978
52,605
55,802
55,940
56,068
56,364
56,437
56,486
56,518
56,765
56,794
56,825
57,951
58,266
58,294
58,323
58,473
58,727
58,770
58,794
58,892
59,091
60,722
60,743
60,797
61,198
61,219
61,244
61,269

61,269

61,244

61,219

61,198

60,797

60,743

60,722

59,091

58,892

58,794

58,770

58,727

58,473

58,323

58,294

58,266

57,951

56,825

56,794

56,765

56,518

56,486

56,437

56,364

56,068

55,940

55,802

52,605

51,978

51,811

51,708

48,608

48,469

48,422

47,763

47,475

46,881

46,766

46,627

46,332

46,181

39,992

37,985

37,272

37,108

36,647

36,573

36,522

35,982

35,926

34,988

34,947

34,864

31,145

31,084

31,044

27,079

26,965

26,835

26,766

26,611

26,548

26,478

26,875

26,281

26,060

26,012

26,609

25,802

25,718

26,316

24,231

23,941

23,655

23,568

23,447

21,729

21,064

20,485

20,213

20,066

18,898

17,428

17,371

17,216

17,148

16,955

14,532

9,688

9,673

9,637

8,859

8,857

8,850

8,838

8,771

8,200

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
392,354
404,580
415,297
441,268
0
0
0
0
555,023
581,131
612,821
643,228
676,935
705,234
737,542
771,519
803,400
835,669
872,690
901,652
928,211
967,882
1,008,464
1,051,748
1,096,518
1,143,943
1,198,997
1,254,759
1,313,657
1,387,663
1,464,494
1,543,680
1,610,574
1,682,016
1,747,266
1,830,165
1,899,630
1,917,558
1,921,048
2,001,949
2,080,013
2,208,535
2,288,969
2,373,447
2,447,535
2,548,474
2,616,525
2,731,844
0
2,997,263
3,120,626
0
0

3,120,626

2,997,263

2,731,844

2,616,525

2,548,474

2,447,535

2,373,447

2,288,969

2,208,535

2,080,013

2,001,949

1,921,048

1,917,558

1,899,630

1,830,165

1,747,266

1,682,016

1,610,574

1,543,680

1,464,494

1,387,663

1,313,657

1,254,759

1,198,997

1,143,943

1,096,518

1,051,748

1,008,464

967,882

928,211

901,652

872,690

835,669

803,400

771,519

737,542

705,234

676,935

643,228

612,821

581,131

555,023

441,268

415,297

404,580

392,354

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,200
-2,171
-2,419
-2,335
-1,249
-263
-6
27
-16
0
-2,205
-1,361
-722
-795
193
513
-5,634
-6,156
-334
-18,990
-3,853
-6,530
-20,472
-6,896
-7,362
-17,589
-24,393
-47,197
-22,597
-17,761
-15,137
-37,482
-22,665
-13,672
-9,044
-27,842
-13,366
-10,302
-14,920
-18,161
-6,368
-6,622
-2,847
4,966
3,943
-5,512
-3,459
4,132
3,471
-2,878
-4,830
1,971
9,805
7,711
-1,067
-49,204
-46,414
-63,036
-56,753
-34,503
-42,700
-37,332
-31,091
-61,871
-49,093
-62,708
-39,910
-34,440
-32,579
-65,328
-59,824
-46,537
-41,486
-41,835
-73,095
-81,216
-93,150
-76,872
-50,344
-45,429
-38,877
-34,678
-7,603
-597
-841
15,382
10,104
10,133
1,417
4,092
-115,999
-243,037
-458,728
-427,636
-367,436
-474,090
-642,723
-361,231

-361,231

-642,723

-474,090

-367,436

-427,636

-458,728

-243,037

-115,999

4,092

1,417

10,133

10,104

15,382

-841

-597

-7,603

-34,678

-38,877

-45,429

-50,344

-76,872

-93,150

-81,216

-73,095

-41,835

-41,486

-46,537

-59,824

-65,328

-32,579

-34,440

-39,910

-62,708

-49,093

-61,871

-31,091

-37,332

-42,700

-34,503

-56,753

-63,036

-46,414

-49,204

-1,067

7,711

9,805

1,971

-4,830

-2,878

3,471

4,132

-3,459

-5,512

3,943

4,966

-2,847

-6,622

-6,368

-18,161

-14,920

-10,302

-13,366

-27,842

-9,044

-13,672

-22,665

-37,482

-15,137

-17,761

-22,597

-47,197

-24,393

-17,589

-7,362

-6,896

-20,472

-6,530

-3,853

-18,990

-334

-6,156

-5,634

513

193

-795

-722

-1,361

-2,205

-16

-6

-263

-1,249

-2,335

-2,419

-2,171

-1,200

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
965,203
967,587
969,315
997,854
0
0
0
0
1,036,295
1,040,098
1,066,796
1,118,550
1,117,032
1,122,233
1,125,551
1,129,975
1,133,955
1,156,542
1,159,052
1,187,407
1,190,988
1,194,750
1,350,751
1,356,759
1,365,781
1,381,886
1,511,080
1,519,596
1,529,035
1,540,673
1,547,511
1,553,353
1,557,984
1,565,185
1,569,969
1,574,011
1,650,278
1,652,063
1,643,864
1,647,049
1,649,990
1,663,008
1,669,002
1,674,062
1,685,572
1,698,093
1,880,913
1,891,621
0
1,913,947
1,923,623
0
0

1,923,623

1,913,947

1,891,621

1,880,913

1,698,093

1,685,572

1,674,062

1,669,002

1,663,008

1,649,990

1,647,049

1,643,864

1,652,063

1,650,278

1,574,011

1,569,969

1,565,185

1,557,984

1,553,353

1,547,511

1,540,673

1,529,035

1,519,596

1,511,080

1,381,886

1,365,781

1,356,759

1,350,751

1,194,750

1,190,988

1,187,407

1,159,052

1,156,542

1,133,955

1,129,975

1,125,551

1,122,233

1,117,032

1,118,550

1,066,796

1,040,098

1,036,295

997,854

969,315

967,587

965,203

Treasury Stock

-1,966

-109,903

-100,363

-44,891

-6,931

-6,799

-6,650

-5,634

-5,547

-5,355

-4,986

-4,884

-4,589

-4,522

-4,145

-3,973

-3,964

-3,948

-3,549

-3,519

-3,449

-3,380

-3,000

-8,290

-8,214

-8,187

-7,838

-7,490

-7,374

-6,559

-112

-68

-50

-74

-51

-4

-122,733

-122,437

-122,302

-122,290

-122,258

-122,252

-122,196

-107,742

-84,559

-77,498

-16,343

-3,863

-1,314

-1,306

Other Stockholders Equity

0
0
0
59,600
79,700
80,100
80,700
80,900
81,100
81,100
81,200
81,100
81,200
81,000
72,000
80,621
79,762
79,954
78,500
79,584
79,876
101,805
102,520
0
95,751
146,255
151,835
153,614
157,499
158,597
205,238
243,626
247,254
258,289
287,547
319,147
407,590
411,115
413,330
420,426
435,207
507,231
513,453
503,571
445,938
444,357
424,665
417,390
421,424
425,075
428,704
449,597
452,864
455,171
458,551
467,206
677,090
680,257
682,267
965,203
967,513
969,265
997,786
1,001,204
1,001,767
1,006,054
1,010,927
1,028,457
1,031,911
1,058,582
1,110,260
1,114,032
1,118,853
1,122,102
1,126,456
1,130,406
1,152,594
1,155,088
1,183,443
1,187,015
1,190,605
1,346,606
1,352,237
1,361,192
1,377,002
1,506,196
1,514,712
1,524,049
1,535,318
1,542,156
1,547,806
1,552,350
1,558,535
1,563,319
1,567,212
1,643,347
1,607,172
1,598,973
1,602,158
1,549,627
1,562,645
1,568,639
1,564,159
1,575,669
1,588,190
1,880,913
1,891,621
1,902,170
1,911,981
1,921,657
1,931,260
1,941,589

1,941,589

1,931,260

1,921,657

1,911,981

1,902,170

1,891,621

1,880,913

1,588,190

1,575,669

1,564,159

1,568,639

1,562,645

1,549,627

1,602,158

1,598,973

1,607,172

1,643,347

1,567,212

1,563,319

1,558,535

1,552,350

1,547,806

1,542,156

1,535,318

1,524,049

1,514,712

1,506,196

1,377,002

1,361,192

1,352,237

1,346,606

1,190,605

1,187,015

1,183,443

1,155,088

1,152,594

1,130,406

1,126,456

1,122,102

1,118,853

1,114,032

1,110,260

1,058,582

1,031,911

1,028,457

1,010,927

1,006,054

1,001,767

1,001,204

997,786

969,265

967,513

965,203

682,267

680,257

677,090

467,206

458,551

455,171

452,864

449,597

428,704

425,075

421,424

417,390

424,665

444,357

445,938

503,571

513,453

507,231

435,207

420,426

413,330

411,115

407,590

319,147

287,547

258,289

247,254

243,626

205,238

158,597

157,499

153,614

151,835

146,255

95,751

102,520

101,805

79,876

79,584

78,500

79,954

79,762

80,621

72,000

81,000

81,200

81,100

81,200

81,100

80,900

80,700

80,100

79,700

59,600

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	1,799,922	1,646,624	1,122,159	1,233,786	1,039,490	666,316	537,244	505,450	390,259	336,225	302,958	331,245	187,412	151,097	170,990	121,744	102,884	104,085	93,126	79,488	126,034	98,802	33,809	51,690	23,570	12,600	11,000	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	-
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	-
Accumulated Other Comprehensive Income	-361,231	-427,636	4,092	15,382	-34,678	-76,872	-41,835	-65,328	-62,708	-37,332	-63,036	7,711	-2,878	-5,512	-6,622	-10,302	-13,672	-17,761	-17,589	-6,530	-6,156	-795	-2,205	-263	-2,171	0	0	0	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	473,769	473,297	471,392	470,973	182,951	181,518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	1,685,572	1,649,990	1,650,278	1,557,984	1,529,035	1,365,781	1,190,988	1,133,955	1,117,032	1,036,295	0	965,203	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash	2,507,727	2,479,627	5,783,753	5,124,942	2,450,727	1,491,736	1,340,776	1,247,651	879,236	1,223,573	748,982	1,320,474	897,299	1,019,265	1,160,796	342,803	180,600	188,330	170,376	133,127	118,157	110,089	72,267	65,595	83,844	60,400	178,100	94,100	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	-423,404	5,722,644	8,111,546	8,180,781	5,556,941	3,617,817	3,144,442	2,972,318	2,595,624	3,015,651	2,925,272	3,116,550	2,189,096	2,515,567	2,489,611	1,127,476	1,484,437	2,028,046	170,376	133,127	118,157	110,089	72,267	65,595	83,844	60,400	178,100	94,100	-
Common Stock	61,269	60,797	58,892	58,473	57,951	56,518	56,068	51,978	48,469	46,881	46,181	37,108	35,982	34,864	27,079	26,611	26,281	25,802	23,941	21,729	20,066	17,216	14,532	8,857	8,771	0	0	0	-
Common Stock Shares Outstanding	62,087	60,091	57,786	58,019	57,619	57,208	56,686	54,272	51,937	50,845	49,948	48,034	43,991	31,570	26,345	24,131	24,888	25,927	24,337	21,972	19,252	17,422	14,519	13,386	12,855	12,568	12,000	9,201	9,356
Common Stock Total Equity	0	0	58,892	58,473	57,951	56,518	56,068	51,978	48,469	46,881	46,181	37,108	0	34,864	27,079	26,611	26,281	25,802	23,941	21,729	20,066	17,216	14,532	8,857	8,771	0	0	0	-
Current Deferred Revenue	565	932	1,047,159	0	0	674,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Earning Assets	0	0	0	0	7,166,635	4,918,213	4,310,325	4,026,939	3,766,574	3,240,164	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	656,672	653,524	655,149	645,707	645,220	573,141	501,884	498,587	471,761	405,634	374,547	345,401	305,468	281,190	278,025	276,310	276,204	268,936	196,716	113,461	48,490	25,266	0	0	0	0	0	0	-
Intangible Assets	22,889	22,186	28,307	36,040	47,057	49,424	17,621	21,851	24,209	18,811	19,213	20,947	22,070	12,575	13,624	14,608	17,737	21,599	217,953	124,682	52,088	26,431	10,085	10,770	0	0	0	0	-
Inventory	-1,829,809	9,900	-6,632,608	-5,432,005	-2,786,942	25,100	40,799	40,863	44,119	396,932	384,781	475,091	407,047	442,661	355,878	93,688	113,410	148,903	87,385	104,709	24,409	90,522	100	0	0	0	0	0	-
Liabilities And Stockholders Equity	56,259,934	52,949,649	50,142,143	45,080,768	36,620,583	31,241,521	27,915,970	25,668,553	22,917,166	20,010,727	18,097,783	17,519,613	15,893,808	13,968,074	12,215,620	10,658,326	9,368,859	9,571,852	8,177,042	6,419,048	4,747,398	3,721,555	2,705,422	2,102,806	1,679,382	1,348,000	1,053,400	706,000	470,890
Long Term Debt	3,649,886	3,603,643	2,425,711	1,209,000	1,107,835	786,631	658,789	655,023	674,585	585,958	504,597	540,997	1,433,927	900,493	725,993	751,487	786,725	637,264	598,108	510,899	329,562	261,042	166,050	51,050	0	0	0	0	-
Long Term Debt Total	0	0	1,184,640	1,209,000	1,107,835	786,631	658,789	655,023	674,585	585,958	504,597	540,997	0	900,493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	7,503,806	6,995,076	5,361,650	4,328,600	31,262,457	27,127,203	1,141,036	1,056,068	1,273,312	352,496	334,824	412,783	0	10,196,662	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	-
Net Debt	1,155,589	1,414,016	-3,358,042	-2,687,513	-668,022	-278,779	-122,336	-438,797	655,225	95,435	173,377	-365,355	958,250	557,490	-171,879	750,457	874,379	636,851	556,195	627,787	276,749	196,538	53,432	56,669	15,399	-29,300	-122,200	-64,900	10,758
Net Invested Capital	8,636,912	7,987,981	6,511,899	6,140,924	5,348,955	4,355,527	4,053,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	2,253,213	4,170,374	2,564,282	1,368,891	1,077,714	972,839	683,819	618,977	632,548	1,011,637	600,572	536,481	1,106,884	378,905	437,549	1,047,130	297,884	204,929	300,672	161,549	156,975	133,444	38,936	34,722	35,943	30,100	14,900	16,400	-
Net Tangible Assets	0	3,708,628	3,402,732	3,021,748	2,873,973	2,520,005	2,332,434	1,923,922	1,605,017	1,518,910	1,380,352	1,261,951	0	1,093,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	-34,135,053	4,013,542	9,553,669	8,252,899	5,588,697	3,919,021	1,199,293	1,449,483	1,592,583	1,680,989	2,126,740	1,749,562	1,199,575	1,497,895	1,291,958	882,723	1,371,143	2,128,890	343,006	-35,106	73,429	53,998	130,205	83,650	48,048	47,500	42,400	32,800	-
Non Current Assets Total	53,032,817	1,550,873	7,053,593	5,419,499	5,970,319	4,756,871	1,141,400	1,117,739	1,088,226	979,673	925,707	867,553	759,050	657,461	641,994	640,793	633,238	2,443,616	2,263,192	1,657,684	1,119,352	698,629	109,217	97,156	84,334	58,500	46,000	32,200	-
Non Current Liabilities Other	0	0	0	200,907	0	0	0	0	538	3,828	303,088	0	0	415,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	13,498,238	47,373,667	2,425,711	2,437,429	1,782,705	1,160,373	1,218,440	808,854	1,534,461	1,319,008	364	2,093	52,822	1,000	1,000	1,000	60,700	825,181	691,655	510,620	319,237	215,894	98,000	79,000	39,000	31,000	20,000	22,000	10,758
Non Currrent Assets Other	2,217,015	-7,138,639	-7,053,593	-5,419,499	-5,970,319	-4,756,871	-2,843,445	-2,491,763	-2,664,832	-1,793,284	-2,176,787	-1,796,659	-1,294,287	-1,501,181	-1,362,589	-789,072	-1,305,408	-2,443,616	-2,263,192	-1,657,684	-1,119,352	-698,629	10,085	10,770	11,483	1,500	1,800	1,900	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	0	46,606,090	32,412,722	30,111,597	24,015,609	21,893,994	24,693,370	22,558,953	19,841,098	17,013,840	14,742,378	14,571,253	13,694,949	11,660,621	10,109,678	9,013,066	7,261,594	4,895,261	5,442,802	4,466,688	3,352,914	2,779,393	38,836	34,722	0	0	0	0	470,890
Other Current Assets	3,227,117	-5,100,332	6,632,608	5,432,005	2,786,942	21,897,322	20,102,864	18,467,756	15,935,936	13,210,482	11,469,445	11,202,370	10,544,491	8,914,960	7,283,877	7,053,855	5,647,892	4,895,261	5,442,802	4,466,688	3,352,914	2,779,393	2,485,002	1,905,333	1,475,261	1,199,000	814,400	563,300	-
Other Current Liab	35,522,811	-1,158,412	-1,122,159	-1,296,773	-1,045,958	-671,635	-881,907	-542,378	-395,259	-336,225	-302,958	-331,245	-240,234	-152,097	-171,990	-121,744	-102,884	-104,085	-128,042	-329,782	-201,703	-189,535	2,404,117	1,826,671	1,463,587	1,229,400	918,500	633,900	-
Other Liab	0	1,119,632	656,393	749,204	692,707	585,531	493,543	459,190	337,846	340,053	606,046	331,245	187,459	155,321	170,990	121,744	102,884	104,085	93,126	79,488	126,034	98,802	33,809	51,690	0	0	0	0	-
Other Stockholder Equity	1,941,589	1,902,170	1,575,669	1,549,627	1,643,347	1,552,350	1,524,049	1,361,192	1,187,015	1,130,406	1,114,032	1,028,457	1,001,204	965,203	467,206	449,597	417,390	503,571	420,426	319,147	243,626	153,614	95,751	79,584	80,621	81,100	80,900	59,600	40,487
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	-
Preferred Stock Total Equity	0	0	412,500	412,500	125,000	125,000	125,000	251,257	251,287	126,467	126,477	176,406	49,768	49,640	284,824	281,873	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	1,494,261	1,018,726	1,008,487	768,808	754,328	671,169	621,895	597,301	592,256	555,228	531,947	501,205	431,512	363,696	350,345	349,875	339,297	311,041	247,875	185,926	156,714	118,961	99,132	86,386	72,851	57,000	44,200	30,300	-
Property Plant And Equipment Net	748,966	1,018,726	1,008,487	1,011,242	985,520	904,377	834,230	726,703	655,426	555,228	531,947	501,205	431,512	363,696	350,345	349,875	339,297	311,041	247,875	185,926	156,714	118,961	99,132	86,386	72,851	57,000	44,200	30,300	-
Property Plant Equipment	0	764,798	766,405	768,808	985,520	904,377	834,230	726,703	655,426	555,228	531,947	501,205	431,512	363,696	350,345	349,875	339,297	311,041	247,875	185,926	156,714	118,961	99,132	86,386	0	0	0	0	-
Retained Earnings	3,345,399	2,849,007	2,447,535	2,080,013	1,899,630	1,610,574	1,313,657	1,096,518	928,211	803,400	676,935	555,023	459,457	392,354	366,152	318,793	309,556	261,734	201,133	139,566	92,301	56,967	30,995	13,835	3,555	-5,900	-12,100	-17,000	-
Retained Earnings Total Equity	0	0	2,447,535	2,080,013	1,899,630	1,610,574	1,313,657	1,096,518	928,211	803,400	676,935	555,023	0	392,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	290,000	75,000	11,366	20,520	50,593	94,663	61,809	26,426	146,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	3,663,316	3,893,643	2,425,711	2,437,429	1,782,705	1,212,957	1,218,440	808,854	1,534,461	1,319,008	922,359	955,119	1,855,549	1,576,755	988,917	1,093,260	1,054,979	825,181	726,571	760,914	394,906	306,627	125,699	122,264	99,243	31,100	55,900	29,200	10,758
Short Term Debt	38,872	290,000	75,000	62,987	6,468	1,991	344,663	36,928	5,000	733,050	417,762	414,122	52,822	1,000	1,000	0	0	0	34,916	250,294	75,669	90,733	28,074	43,639	59,843	0	35,500	7,100	-
Short Term Investments	3,291,448	3,243,017	2,327,793	3,055,839	3,106,214	2,126,081	1,803,666	1,724,667	1,716,388	1,792,078	2,176,290	1,796,076	1,291,797	1,496,302	1,328,815	784,673	1,303,837	1,839,716	195,469	52,821	62,848	155,669	52,647	164,823	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	-
Total Assets	56,259,934	52,949,649	50,142,143	45,080,768	36,620,583	31,241,521	27,915,970	25,668,553	22,917,166	20,010,727	18,097,783	17,519,613	15,893,808	13,968,074	12,215,620	10,658,326	9,368,859	9,571,852	8,177,042	6,419,048	4,747,398	3,721,555	2,705,422	2,102,806	1,679,382	1,348,000	1,053,400	706,000	470,890
Total Current Assets	3,227,117	4,792,686	10,675,828	9,549,672	6,634,655	4,590,656	2,081,200	1,991,861	1,987,842	2,017,214	2,429,698	2,080,807	1,439,809	1,649,992	1,463,948	1,004,467	1,474,027	2,232,975	471,048	294,676	275,132	243,533	2,596,205	2,005,650	1,595,048	1,289,500	1,007,400	673,800	-
Total Current Liabilities	37,362,170	779,144	1,122,159	1,296,773	1,045,958	671,635	881,907	542,378	395,259	336,225	302,958	331,245	240,234	152,097	171,990	121,744	102,884	104,085	128,042	329,782	201,703	189,535	2,466,000	1,922,000	1,547,000	1,242,000	965,000	641,000	-
Total Liab	50,860,408	48,152,811	45,643,455	40,964,773	32,929,333	27,973,951	24,939,031	22,972,936	20,564,892	17,940,905	16,197,194	15,714,908	14,350,275	12,531,525	11,076,981	9,591,754	8,629,304	8,798,506	7,549,131	5,945,136	4,397,561	3,494,553	2,564,144	2,000,530	1,586,435	1,272,800	984,600	663,400	430,403
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	5,399,526	4,796,838	4,498,688	4,115,995	3,691,250	3,267,570	2,976,939	2,695,617	2,352,274	2,069,822	1,900,589	1,804,705	1,543,533	1,436,549	1,138,639	1,066,572	739,555	773,346	627,911	473,912	349,837	227,002	141,278	102,276	92,947	75,200	68,800	42,600	40,487
Treasury Stock	0	0	-109,903	-100,363	-6,931	-5,634	-4,986	-4,589	-3,973	-3,549	-3,000	-7,838	-112	0	-122,733	-122,290	-122,196	-16,343	0	0	0	0	0	-3,863	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	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Accounts Payable	1,799,922	1,885,580	1,823,073	1,549,116	1,646,624	1,493,656	1,308,797	1,124,460	1,122,159	1,032,073	1,144,974	1,120,570	1,233,786	1,387,439	1,471,110	1,285,652	1,039,490	986,092	993,537	840,559	666,316	664,885	676,823	591,426	537,244	440,034	490,389	424,538	505,450	446,123	482,124	407,593	390,259	359,234	357,106	316,964	336,225	287,115	327,279	283,724	302,958	265,775	310,515	317,872	331,245	346,961	210,003	175,684	187,459	191,586	134,309	141,847	155,321	175,325	159,394	137,912	170,990	181,229	107,369	115,596	121,744	124,126	224,139	373,097	102,884	89,175	67,989	91,579	104,085	151,735	85,239	111,947	93,126	89,141	104,598	99,512	79,488	129,928	136,596	128,269	126,034	119,197	112,794	101,148	98,802	83,342	83,482	33,809	2,314,636	40,655	42,502	39,350	51,690	46,834	33,236	29,574	23,570	17,200	15,000	16,300	12,600	15,900	14,300	0	11,000	0	0	0	0	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Accumulated Other Comprehensive Income	-361,231	-642,723	-474,090	-367,436	-427,636	-458,728	-243,037	-115,999	4,092	1,417	10,133	10,104	15,382	-841	-597	-7,603	-34,678	-38,877	-45,429	-50,344	-76,872	-93,150	-81,216	-73,095	-41,835	-41,486	-46,537	-59,824	-65,328	-32,579	-34,440	-39,910	-62,708	-49,093	-61,871	-31,091	-37,332	-42,700	-34,503	-56,753	-63,036	-46,414	-49,204	-1,067	7,711	9,805	1,971	-4,830	-2,878	3,471	4,132	-3,459	-5,512	3,943	4,966	-2,847	-6,622	-6,368	-18,161	-14,920	-10,302	-13,366	-27,842	-9,044	-13,672	-22,665	-37,482	-15,137	-17,761	-22,597	-47,197	-24,393	-17,589	-7,362	-6,896	-20,472	-6,530	-3,853	-18,990	-334	-6,156	-5,634	513	193	-795	-722	-1,361	-2,205	0	-16	27	-6	-263	-1,249	-2,335	-2,419	-2,171	-1,200	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Stock	473,769	473,744	473,719	473,698	473,297	473,243	473,222	471,591	471,392	471,294	471,270	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Surpluse	0	0	1,923,623	1,913,947	0	1,891,621	1,880,913	1,698,093	1,685,572	1,674,062	1,669,002	1,663,008	1,649,990	1,647,049	1,643,864	1,652,063	1,650,278	1,574,011	1,569,969	1,565,185	1,557,984	1,553,353	1,547,511	1,540,673	1,529,035	1,519,596	1,511,080	1,381,886	1,365,781	1,356,759	1,350,751	1,194,750	1,190,988	1,187,407	1,159,052	1,156,542	1,133,955	1,129,975	1,125,551	1,122,233	1,117,032	1,118,550	1,066,796	1,040,098	1,036,295	0	0	0	0	997,854	969,315	967,587	965,203	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,507,727	2,866,658	2,677,566	2,009,506	2,479,627	4,458,195	3,765,432	4,476,113	5,783,753	5,694,559	5,142,372	3,775,119	5,124,942	4,134,462	4,360,071	2,292,861	2,450,727	2,709,561	1,738,039	1,880,617	1,491,736	1,416,980	1,525,987	1,211,787	1,340,776	1,470,624	1,307,740	1,221,570	1,247,651	1,058,929	960,820	1,025,493	879,236	948,447	839,815	984,542	1,223,573	881,064	855,884	871,226	748,982	1,004,700	664,942	884,877	1,320,474	1,121,182	1,294,417	1,046,769	897,299	1,248,623	1,130,742	1,087,112	1,019,265	1,379,651	1,233,835	1,328,824	1,160,796	1,297,260	778,141	388,719	342,803	162,887	173,295	172,170	180,600	159,710	167,517	141,374	188,330	161,351	176,246	135,161	170,376	172,232	217,453	154,313	133,127	137,133	104,678	114,778	118,157	134,324	129,187	83,728	110,089	90,126	258,687	72,267	72,267	56,325	46,342	48,226	65,595	68,901	56,741	42,952	83,844	101,300	99,800	65,400	60,400	56,500	93,200	141,800	178,100	159,900	93,100	85,300	94,100	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash And Short Term Investments	-423,404	6,478,493	6,170,047	445,928	5,722,644	7,381,848	6,487,229	7,475,011	7,850,539	8,068,037	7,330,980	6,205,868	8,180,781	7,080,921	7,555,032	5,863,820	5,556,941	4,979,620	3,924,193	4,066,399	3,617,817	3,581,965	3,466,774	3,107,475	3,144,442	3,136,527	2,957,376	3,025,303	2,972,318	2,709,025	1,598,483	1,796,476	2,595,624	3,162,728	3,001,876	2,705,572	3,015,651	2,663,712	2,680,124	2,820,923	2,925,272	2,786,583	2,508,766	2,755,708	3,116,550	1,121,182	1,294,417	1,046,769	2,189,096	1,248,623	1,130,742	1,087,112	2,515,567	1,379,651	1,233,835	1,328,824	2,489,611	1,297,260	778,141	388,719	1,127,476	162,887	173,295	172,170	1,484,437	159,710	167,517	141,374	2,028,046	161,351	176,246	135,161	170,376	172,232	217,453	154,313	133,127	137,133	104,678	114,778	118,157	134,324	129,187	83,728	110,089	90,126	258,687	72,267	0	56,325	46,342	48,226	65,595	68,901	56,741	42,952	83,844	101,300	99,800	65,400	60,400	56,500	93,200	141,800	178,100	159,900	93,100	85,300	94,100	-	-	-
Common Stock	61,269	61,244	61,219	61,198	60,797	60,743	60,722	59,091	58,892	58,794	58,770	58,727	58,473	58,323	58,294	58,266	57,951	56,825	56,794	56,765	56,518	56,486	56,437	56,364	56,068	55,940	55,802	52,605	51,978	51,811	51,708	48,608	48,469	48,422	47,763	47,475	46,881	46,766	46,627	46,332	46,181	39,992	37,985	37,272	37,108	36,647	36,573	36,522	35,982	35,926	34,988	34,947	34,864	31,145	31,084	31,044	27,079	26,965	26,835	26,766	26,611	26,548	26,478	26,875	26,281	26,060	26,012	26,609	25,802	25,718	26,316	24,231	23,941	23,655	23,568	23,447	21,729	21,064	20,485	20,213	20,066	18,898	17,428	17,371	17,216	17,148	16,955	14,532	9,688	9,673	9,637	8,859	8,857	8,850	8,850	8,838	8,771	8,200	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Common Stock Shares Outstanding	62,402	62,177	62,094	61,823	61,865	61,575	58,838	58,058	57,998	57,753	57,775	57,585	57,897	58,046	57,981	58,195	58,412	57,463	57,361	57,228	57,287	57,284	57,227	57,025	56,934	56,762	56,587	56,427	55,964	55,726	53,105	52,268	52,376	52,207	51,723	51,472	50,977	50,880	50,922	50,704	50,552	50,154	49,840	49,439	49,001	48,676	44,099	43,737	43,737	46,101	43,409	42,722	42,722	32,105	32,341	27,081	27,081	26,545	24,264	24,076	24,076	23,644	24,139	24,100	24,100	24,592	24,960	25,846	25,846	26,597	25,623	25,012	25,012	24,771	24,629	23,046	23,046	21,886	21,658	21,476	21,476	18,816	18,517	18,432	18,432	18,312	17,028	15,991	15,078	15,450	13,685	13,377	13,377	13,385	13,457	13,517	13,517	12,494	12,771	12,267	12,267	13,193	13,630	12,494	12,494	12,994	12,686	10,495	10,495	9,900	9,900	9,900
Common Stock Total Equity	0	0	61,219	61,198	0	60,743	60,722	59,091	58,892	58,794	58,770	58,727	58,473	58,323	58,294	58,266	57,951	56,825	56,794	56,765	56,518	56,486	56,437	56,364	56,068	55,940	55,802	52,605	51,978	51,811	51,708	48,608	48,469	48,422	47,763	47,475	46,881	46,766	46,627	46,332	46,181	39,992	37,985	37,272	37,108	0	0	0	0	35,926	34,988	34,947	34,864	31,145	31,084	31,044	27,079	0	0	26,611	26,611	26,548	26,478	0	26,281	26,060	26,012	25,802	25,802	25,718	0	24,231	23,941	23,655	23,568	23,447	21,729	21,064	20,485	20,213	20,066	18,898	17,428	17,371	17,216	17,148	16,955	14,532	14,532	9,673	9,637	8,859	8,857	8,850	8,850	8,838	8,771	8,200	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Current Deferred Revenue	565	1,871,397	1,805,300	1,538,992	932	366	734	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,197,680	7,428,581	7,166,635	6,462,104	5,578,812	5,457,256	4,918,213	4,942,976	4,838,362	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	656,672	656,109	656,674	653,587	653,524	653,079	654,709	655,402	655,149	645,792	646,336	646,017	645,707	644,644	644,213	643,441	645,220	584,315	584,911	573,658	573,141	537,560	509,957	511,497	501,884	502,021	500,260	499,341	498,587	485,938	486,095	484,280	471,761	472,166	421,646	420,197	405,634	406,604	381,721	373,725	374,547	357,309	356,871	343,632	345,401	331,634	330,896	307,295	305,468	302,369	283,301	281,940	281,190	278,025	278,025	278,025	278,025	276,525	276,525	276,310	276,310	276,311	276,311	276,121	276,204	268,983	268,983	269,092	268,936	269,646	270,774	196,625	196,716	195,941	195,827	196,549	113,461	91,024	59,378	48,665	48,490	30,026	29,835	29,515	25,266	25,220	25,091	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Intangible Assets	22,889	24,244	25,653	20,951	22,186	23,620	25,118	26,699	28,307	30,118	31,997	34,035	36,040	38,670	41,368	44,185	47,057	43,657	46,588	46,566	49,424	27,378	21,414	22,413	17,621	18,651	19,546	20,687	21,851	20,736	21,821	23,725	24,209	25,533	17,924	18,858	18,811	19,984	16,894	18,050	19,213	18,982	20,137	19,510	20,947	22,405	21,213	22,101	22,070	22,413	11,532	12,056	12,575	13,194	13,275	12,978	13,624	14,368	13,244	13,921	14,608	15,389	16,170	16,949	17,737	18,701	19,666	20,630	21,599	22,757	22,211	16,864	217,953	18,491	19,376	20,060	124,682	4,629	3,205	3,399	52,088	2,259	32,244	32,191	26,431	26,472	26,463	26,027	10,085	10,254	10,423	10,592	10,770	10,948	11,126	11,305	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Inventory	-1,829,809	-3,187,383	-2,975,260	-7,493,659	9,900	-6,246,631	-5,993,093	-1,481,368	-1,454,099	13,845	15,572	15,813	16,558	5,782	10,197	11,026	15,175	17,739	20,100	21,790	25,100	28,597	35,636	448,103	354,238	407,660	422,198	328,828	458,656	594,684	592,319	355,556	431,983	403,485	539,363	488,612	396,932	413,680	423,215	269,362	384,781	389,595	595,016	437,099	475,091	637,362	598,657	426,564	407,047	309,960	221,736	179,776	442,661	397,094	324,401	245,058	355,878	233,894	862,538	260,224	93,688	80,921	127,612	107,197	113,410	106,785	137,047	117,709	148,903	101,909	115,474	66,389	87,385	127,184	142,798	133,187	104,709	81,696	85,625	35,302	24,409	65,741	85,564	97,334	90,522	58,590	28,491	31,823	100	244	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Liabilities And Stockholders Equity	56,259,934	55,555,246	54,286,176	52,873,511	52,949,649	52,382,939	50,969,332	50,250,661	50,142,143	47,832,271	46,738,450	45,682,202	45,080,768	43,731,718	43,540,017	38,799,847	36,620,583	34,911,902	33,641,769	32,358,621	31,241,521	30,142,731	29,464,588	28,456,772	27,915,970	27,358,162	26,929,265	25,778,893	25,668,553	25,321,759	24,420,616	23,488,168	22,917,166	22,043,930	20,799,924	20,382,271	20,010,727	19,169,345	18,895,681	18,221,163	18,097,783	17,682,548	17,613,546	17,074,247	17,519,613	17,018,592	16,576,282	16,172,018	15,893,808	15,914,804	14,615,897	14,080,180	13,980,156	14,100,368	13,708,560	12,839,978	12,215,620	12,136,021	11,359,536	10,818,941	10,658,326	9,864,920	9,923,077	9,732,466	9,368,859	9,465,114	9,348,460	9,414,604	9,571,852	9,463,060	9,172,784	8,382,247	8,177,042	7,893,503	7,768,993	7,345,539	6,419,048	5,817,286	5,326,179	4,962,773	4,747,398	4,304,877	4,132,394	3,914,995	3,721,555	3,576,775	3,219,400	2,705,422	2,705,422	2,515,396	2,322,083	2,166,630	2,102,806	1,996,306	1,863,469	1,771,891	1,679,382	1,564,900	1,515,100	1,419,400	1,348,000	1,243,600	1,176,500	1,151,900	1,053,400	973,000	856,900	764,600	706,000	-	-	-
Long Term Debt	3,649,886	3,661,367	3,382,484	3,590,678	3,603,643	3,454,112	2,339,586	2,414,186	2,425,711	2,435,975	2,449,849	1,207,038	1,209,000	1,197,346	1,198,399	1,177,248	1,107,835	1,100,033	1,107,644	764,995	786,631	766,309	648,415	639,769	658,789	644,298	670,305	631,346	655,023	633,875	645,092	645,580	674,585	668,544	651,401	576,499	585,958	440,976	433,209	480,579	504,597	507,909	513,998	552,648	540,997	720,803	1,215,535	1,258,514	1,498,927	1,340,579	1,323,199	900,493	900,493	1,320,325	1,321,064	1,332,268	741,480	751,284	753,281	756,483	756,496	807,394	807,395	831,270	802,422	806,668	780,382	768,722	665,298	707,238	724,953	650,936	633,024	628,806	618,084	607,604	523,669	466,254	453,699	357,321	329,562	306,104	311,207	284,043	280,067	284,856	305,647	260,106	166,050	81,050	51,050	51,050	51,050	84,300	51,050	45,100	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Debt Total	0	0	1,356,413	1,274,607	0	1,138,041	1,173,515	1,173,115	1,184,640	1,194,904	1,208,778	1,207,038	1,209,000	1,197,346	1,198,399	1,177,248	1,107,835	1,100,033	1,107,644	764,995	786,631	766,309	648,415	639,769	658,789	644,298	670,305	631,346	655,023	633,875	645,092	645,580	674,585	668,544	651,401	576,499	585,958	440,976	433,209	480,579	504,597	507,909	513,998	552,648	540,997	0	0	0	0	1,340,579	1,323,199	900,493	900,493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,503,806	7,656,958	7,176,256	6,978,281	6,995,076	6,427,686	6,477,895	6,528,168	5,361,650	5,199,496	4,775,823	3,691,893	4,328,600	3,907,850	4,029,014	4,230,150	31,262,457	3,833,792	3,775,193	3,486,440	27,127,203	1,305,237	1,347,408	1,306,124	1,141,036	1,190,265	1,178,200	957,442	1,056,068	1,493,493	1,550,080	1,228,385	1,273,312	350,317	498,880	454,166	352,496	369,318	365,861	216,299	334,824	334,604	538,650	381,958	412,783	0	0	0	0	11,034,974	10,348,414	9,969,923	10,196,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Debt	1,155,589	794,709	704,918	1,581,172	1,414,016	-1,004,083	-1,425,846	-2,061,927	-3,358,042	-3,258,584	-2,692,523	-1,339,645	-2,687,513	-1,708,694	-1,933,256	59,281	-668,022	-1,034,681	-55,572	-539,269	-278,779	-35,671	-210,572	342,982	-122,336	-357,364	-319,165	-362,639	-438,797	-5,422	272,327	419,569	655,225	171,427	255,603	7,993	95,435	-92,588	157,907	-2,975	173,377	-108,939	434,998	81,803	-365,355	-59,228	273,182	595,791	958,250	566,526	615,957	472,799	565,348	182,196	305,653	-378,477	-171,879	-295,713	217,618	618,252	750,457	939,049	1,015,251	950,324	874,379	916,192	842,764	785,107	636,851	677,091	626,875	232,486	556,195	531,266	400,845	452,787	627,787	368,479	386,385	278,373	276,749	222,286	221,068	220,919	196,538	213,794	62,725	53,432	53,432	96,083	44,925	56,426	56,669	57,309	45,942	70,869	15,399	-22,800	-13,500	7,700	-29,300	-25,800	-65,500	-118,900	-122,200	-144,000	-81,800	-78,800	-64,900	-	-	-
Net Invested Capital	8,636,912	8,264,480	8,011,896	8,193,684	7,987,981	7,679,592	6,654,709	6,493,942	6,511,899	6,433,792	6,376,360	6,275,485	6,140,924	6,087,357	6,004,533	5,927,535	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,253,213	3,798,351	3,397,237	4,273,732	4,170,374	2,918,991	2,726,553	2,571,006	2,564,282	2,558,576	2,755,791	2,540,196	1,368,891	1,441,546	1,452,455	1,978,668	1,077,714	1,102,807	1,275,072	1,277,922	972,839	716,217	683,772	626,325	683,819	794,139	733,770	583,912	618,977	687,111	1,776,118	1,684,732	632,548	973,310	586,097	1,050,467	1,011,637	806,464	845,959	759,189	600,572	605,374	599,923	511,360	536,481	895,812	741,723	494,479	1,106,884	1,133,758	741,461	406,386	390,987	390,938	427,097	412,504	437,549	335,247	277,883	278,995	1,047,130	229,405	228,235	606,434	297,884	216,738	222,451	201,473	204,929	317,452	238,792	206,254	300,672	201,673	698,811	192,841	161,549	170,122	168,388	155,412	156,975	135,008	133,650	131,344	133,444	136,740	118,619	38,936	38,936	38,155	37,218	36,558	34,722	37,331	36,780	36,382	35,943	35,200	32,900	32,000	30,100	32,500	27,800	19,000	14,900	12,500	17,900	15,000	16,400	-	-	-
Net Tangible Assets	0	3,922,760	3,947,085	3,928,468	3,708,628	3,548,781	3,635,296	3,397,655	3,402,732	3,321,907	3,248,178	3,159,959	3,021,748	2,978,275	2,892,137	2,887,767	2,873,973	2,787,353	2,690,451	2,626,748	2,520,005	2,489,884	2,450,500	2,372,340	2,332,434	2,263,253	2,194,652	1,993,698	1,923,922	1,916,543	1,864,422	1,659,180	1,605,017	1,586,725	1,574,100	1,565,592	1,518,910	1,475,453	1,473,153	1,421,891	1,380,352	1,370,775	1,283,176	1,286,105	1,261,951	0	0	0	0	1,153,669	1,128,849	1,109,585	1,093,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-34,135,053	8,391,264	7,744,211	-1,103,188	4,013,542	7,204,497	6,312,656	4,902,561	6,867,865	1,803,649	1,462,994	1,724,088	-974,358	1,859,676	2,060,392	2,622,298	-759,791	1,723,045	1,483,369	1,599,776	-276,165	1,762,605	1,547,107	1,517,692	-604,373	1,457,806	1,409,072	1,554,051	-275,184	1,413,625	384,292	524,190	-123,805	2,102,388	2,053,049	1,690,809	-111,089	1,756,227	1,845,974	1,996,235	-49,550	1,838,974	1,757,595	1,752,534	-46,514	1,094,284	1,160,771	1,787,035	-92,269	1,220,362	1,461,551	1,708,393	-2,631	1,302,921	1,381,353	1,247,509	-36,857	1,380,917	1,281,423	1,419,187	98,050	1,503,575	1,533,366	898,647	67,306	1,596,822	1,600,443	1,729,534	2,128,890	1,829,714	2,031,590	1,997,118	343,006	1,811,769	637,290	1,548,519	-35,106	916,294	957,718	684,221	73,429	584,004	-39,957	25,281	53,998	189,004	180,428	130,205	130,205	117,184	107,458	97,321	83,650	86,515	62,572	53,695	48,048	49,300	47,500	47,000	47,500	49,800	45,700	42,800	42,400	41,300	40,000	36,800	32,800	-	-	-
Non Current Assets Total	53,032,817	9,359,964	8,882,327	1,434,821	1,550,873	1,439,728	8,143,916	1,536,003	1,540,372	1,424,782	1,430,708	1,440,574	1,450,555	1,457,602	1,455,490	1,452,209	1,446,605	1,349,828	1,342,713	1,296,261	1,293,734	1,229,407	1,170,716	1,160,597	1,141,400	1,130,650	1,125,017	1,118,774	1,117,739	1,103,937	1,103,708	1,099,613	1,088,226	1,085,047	1,011,068	998,336	979,673	981,829	933,896	923,538	925,707	894,233	889,936	867,945	867,553	815,944	801,717	764,096	759,050	737,260	698,410	663,781	657,461	644,664	638,106	639,185	641,994	643,783	640,216	639,476	640,793	641,088	641,362	637,933	633,238	874,143	867,892	860,433	2,443,616	841,659	804,252	698,376	2,263,192	683,653	653,674	643,620	1,657,684	419,061	369,247	313,337	1,119,352	254,053	686,934	663,226	698,629	143,771	135,972	109,217	0	105,212	101,625	98,309	97,156	94,791	91,897	86,196	84,334	69,600	67,600	63,400	58,500	54,800	51,800	50,100	46,000	41,700	35,900	33,800	32,200	-	-	-
Non Current Liabilities Other	0	0	0	0	0	0	0	437	0	1,348	0	995	200,907	0	0	0	0	226	0	0	0	0	0	0	0	880	5,151	0	0	0	40,000	0	538	617	0	2,929	3,828	0	0	0	303,088	0	577	1,250	0	0	0	0	0	548,444	2,243	401,879	415,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,498,238	3,661,367	3,382,484	1,549,116	47,373,667	1,493,656	1,308,797	45,580,619	45,643,452	2,435,975	2,449,849	2,435,474	2,437,429	2,425,768	2,426,815	2,352,142	1,782,705	1,674,880	1,682,467	1,341,348	1,212,957	1,381,309	1,315,415	1,554,769	1,218,440	1,113,260	988,575	858,931	808,854	1,053,507	1,233,147	1,445,062	1,534,461	1,119,874	1,095,418	992,535	1,319,008	788,476	1,013,791	182	364	1,546	1,729	31,911	2,093	2,275	2,457	52,639	52,822	3,004	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	42,025	41,975	70,300	60,700	71,900	50,550	47,750	825,181	8,000	30,000	1,000	691,655	1,000	4,000	6,000	510,620	1,000	1,000	1,000	319,237	26,000	160,255	216,004	215,894	115,000	110,000	98,000	0	84,000	76,000	90,000	79,000	84,000	56,000	45,000	39,000	38,000	36,000	33,000	31,000	31,000	27,000	23,000	20,000	16,000	11,000	7,000	22,000	-	-	-
Non Currrent Assets Other	2,217,015	-9,359,964	-8,882,327	-7,234,582	-7,138,639	-6,672,508	-8,143,916	-6,676,135	-5,513,221	-5,443,429	-4,994,846	-4,927,441	-3,968,944	-3,793,217	-4,213,816	-4,693,049	-4,523,714	-3,643,798	-3,654,648	-3,509,776	-3,459,809	-3,367,766	-3,064,482	-3,018,914	-2,843,445	-2,679,714	-2,636,247	-2,627,444	-2,491,763	-2,700,310	-1,737,236	-1,774,151	-2,664,832	-2,217,593	-2,163,658	-1,728,841	-1,793,284	-1,788,663	-1,826,474	-1,950,765	-2,176,787	-1,782,142	-1,844,483	-1,871,867	-1,796,659	-1,257,403	-1,197,310	-1,870,484	-1,294,287	-1,267,979	-1,456,935	-1,712,550	-1,501,181	-1,329,114	-1,456,296	-1,319,858	-1,362,589	-1,463,452	-1,277,139	-1,427,391	-789,072	-1,471,743	-1,592,525	-1,112,039	-1,305,408	-1,287,673	-1,266,397	-1,448,115	-2,443,616	-1,587,799	-1,723,407	-1,759,639	-2,263,192	-1,539,013	-717,510	-1,331,908	-1,657,684	-786,244	-857,191	-608,476	-1,119,352	-642,151	-686,934	-663,226	-698,629	26,472	26,463	10,085	0	10,254	10,423	10,592	10,770	10,948	11,126	11,305	11,483	1,300	1,300	1,400	1,500	1,600	1,600	1,700	1,800	1,800	1,900	1,900	1,900	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Assets	0	35,918,438	35,836,565	50,992,762	46,606,090	42,245,058	35,203,963	43,634,311	41,733,903	43,571,767	42,684,177	41,384,554	43,307,798	39,019,018	38,544,567	33,427,561	34,887,811	30,843,260	29,811,968	28,605,813	29,555,645	26,468,403	26,048,505	25,169,080	26,497,036	24,309,713	23,858,507	22,642,284	24,283,620	22,324,901	22,411,694	21,409,092	21,557,486	18,497,261	17,378,701	17,376,162	18,805,918	16,144,174	15,788,532	15,017,666	16,918,668	14,683,566	14,655,500	14,135,896	16,367,329	14,759,128	14,401,334	13,392,564	14,986,746	13,762,592	12,320,627	11,565,159	13,169,005	11,976,458	11,528,707	10,814,372	11,438,493	9,929,092	9,329,528	8,643,682	9,797,739	7,596,131	7,524,210	7,822,789	8,565,431	6,904,974	6,812,136	6,733,058	4,895,261	6,639,952	6,251,703	5,574,806	5,442,802	5,277,464	5,978,284	5,015,281	4,466,688	4,352,003	3,862,618	3,836,946	3,352,914	3,207,623	3,182,623	3,036,697	2,779,393	540,507	529,777	511,589	434,271	344,607	227,399	215,515	238,597	366,864	267,267	258,512	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Current Assets	3,227,117	3,187,383	2,975,260	3,219,927	-5,100,332	4,643,945	4,400,764	-3,484,302	-2,092,854	31,702,728	31,583,161	31,858,901	30,111,597	29,958,432	28,863,224	24,812,101	24,015,609	23,835,849	23,445,143	22,208,263	21,897,322	21,247,376	21,078,844	20,543,461	20,102,864	19,617,132	19,476,855	18,423,460	18,467,756	18,121,376	18,205,071	17,133,196	15,935,936	14,605,252	14,037,225	13,899,055	13,210,482	12,928,677	12,609,228	11,766,748	11,469,445	11,614,216	11,770,438	11,067,367	11,202,370	12,928,251	12,541,115	11,996,190	10,544,491	11,527,184	10,588,349	10,211,198	8,914,960	10,356,001	9,953,226	9,139,607	7,283,877	8,396,279	8,372,913	8,084,360	7,053,855	7,359,797	7,287,660	7,203,890	5,647,892	6,926,850	6,824,203	6,763,209	4,895,261	6,554,799	6,230,087	5,582,817	5,442,802	5,296,932	5,481,545	5,022,857	4,466,688	4,304,726	3,826,675	3,770,770	3,352,914	3,139,341	3,182,623	3,036,697	2,779,393	3,206,138	2,706,122	2,485,002	0	2,315,704	2,136,898	1,983,537	1,905,333	1,795,283	1,678,051	1,606,361	1,475,261	1,358,800	1,314,800	1,258,600	1,199,000	1,099,800	1,003,700	941,000	814,400	758,900	710,000	630,500	563,300	-	-	-
Other Current Liab	35,522,811	-1,885,580	-1,823,073	-1,549,116	-1,158,412	-9,578	-17,152	-1,124,460	-1,122,159	-1,032,073	-1,160,571	-1,132,986	-1,296,773	-1,395,422	-1,479,568	-1,297,779	-1,045,958	-995,769	-1,003,719	-856,771	-668,307	-682,316	-698,260	-609,403	-881,907	-459,993	-536,669	-463,784	-542,378	-479,296	-520,922	-455,273	-395,259	-359,234	-357,106	-316,964	-336,225	-287,115	-327,279	-283,724	-302,958	-265,775	-310,515	-317,872	-331,245	-349,236	-212,460	-228,323	-240,281	-194,590	-135,309	-142,847	-156,321	-176,325	-160,394	-138,912	-171,990	-182,229	-108,369	-116,596	-121,744	-124,126	-224,139	-373,097	-102,884	-89,175	-67,989	-91,579	-104,085	-151,735	-85,239	-111,947	-128,042	-120,617	-499,745	-138,119	-329,782	-129,928	-136,596	-128,269	-201,703	-259,197	-302,794	-189,791	-189,535	3,111,413	2,607,806	2,404,117	0	2,213,987	2,055,281	1,916,923	1,826,671	1,726,256	1,628,981	1,533,705	1,463,587	1,388,800	1,329,800	1,252,700	1,229,400	1,123,100	1,063,600	1,059,000	918,500	890,000	781,000	694,000	633,900	-	-	-
Other Liab	0	0	1,386,542	0	1,119,632	1,118,007	1,132,707	988,084	656,393	855,729	940,984	899,872	749,204	1,039,139	1,098,645	890,336	692,707	600,107	644,634	550,269	585,531	578,130	597,657	591,426	537,244	440,914	495,540	424,538	505,450	446,123	522,124	407,593	390,797	359,851	357,106	319,893	340,053	287,115	327,279	283,724	606,046	265,775	311,092	319,122	331,245	351,119	229,028	175,684	187,459	265,460	136,552	151,847	155,321	177,370	159,594	199,929	170,990	181,229	107,369	122,766	121,744	124,126	224,139	373,097	102,884	89,175	67,989	91,579	104,085	151,735	85,239	111,947	93,126	89,039	104,680	99,320	79,488	129,928	136,596	128,269	126,034	119,197	112,794	101,148	98,802	83,342	83,482	53,518	33,809	40,655	42,502	39,350	51,690	46,834	33,236	29,574	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Stockholder Equity	1,941,589	1,931,260	1,921,657	1,911,981	1,902,170	1,891,621	1,880,913	1,588,190	1,575,669	1,564,159	1,568,639	1,562,645	1,549,627	1,602,158	1,598,973	1,607,172	1,643,347	1,567,212	1,563,319	1,558,535	1,552,350	1,547,806	1,542,156	1,535,318	1,524,049	1,514,712	1,506,196	1,377,002	1,361,192	1,352,237	1,346,606	1,190,605	1,187,015	1,183,443	1,155,088	1,152,594	1,130,406	1,126,456	1,122,102	1,118,853	1,114,032	1,110,260	1,058,582	1,031,911	1,028,457	1,010,927	1,006,054	1,001,767	1,001,204	997,786	969,265	967,513	965,203	682,267	680,257	677,090	467,206	458,551	455,171	452,864	449,597	428,704	425,075	421,424	417,390	424,665	444,357	445,938	503,571	513,453	507,231	435,207	420,426	413,330	411,115	407,590	319,147	287,547	258,289	247,254	243,626	205,238	158,597	157,499	153,614	151,835	146,255	95,751	0	102,520	101,805	79,876	79,584	78,500	79,954	79,762	80,621	72,000	81,000	81,200	81,100	81,200	81,100	81,100	80,900	80,700	80,100	79,700	59,600	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Preferred Stock Total Equity	0	0	412,500	412,500	0	412,500	412,500	412,500	412,500	412,500	412,500	412,500	412,500	412,500	412,500	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	125,000	251,257	251,257	251,257	251,257	251,257	251,287	251,312	251,312	126,427	126,467	126,467	126,467	126,477	126,477	126,500	176,476	176,441	176,406	176,371	176,337	176,302	49,768	49,736	49,704	49,672	49,640	287,234	286,460	285,642	284,824	284,061	283,518	282,662	281,873	49,379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,494,261	1,022,653	1,023,744	1,016,584	1,018,726	1,007,851	0	0	0	0	971,398	999,506	768,808	1,004,661	769,909	764,583	754,328	721,856	711,214	676,037	671,169	664,469	639,345	626,687	621,895	609,978	605,211	598,746	597,301	597,263	595,792	591,608	592,256	587,348	571,498	559,281	555,228	555,241	535,281	531,763	531,947	517,942	512,928	504,803	501,205	461,905	449,608	434,700	431,512	412,478	403,577	369,785	363,696	353,445	346,806	348,182	350,345	352,890	350,447	349,245	349,875	349,388	348,881	344,863	339,297	336,755	329,498	320,924	311,041	299,386	280,892	254,471	247,875	238,722	228,550	217,048	185,926	176,943	167,077	162,310	156,714	145,256	141,488	121,068	118,961	117,299	109,509	99,132	99,132	94,958	91,202	87,717	86,386	83,843	80,771	74,891	72,851	68,300	66,300	62,000	57,000	53,200	50,200	48,400	44,200	39,900	34,000	31,900	30,300	-	-	-
Property Plant And Equipment Net	748,966	1,022,653	1,023,744	1,016,584	1,018,726	1,007,851	986,194	1,001,869	1,008,487	992,805	971,398	999,506	1,011,242	1,004,661	1,006,949	971,730	985,520	950,503	941,325	900,277	904,377	863,710	833,505	817,462	834,230	803,806	796,459	753,979	726,703	713,618	699,541	680,945	655,426	587,348	571,498	559,281	555,228	555,241	535,281	531,763	531,947	517,942	512,928	504,803	501,205	461,905	449,608	434,700	431,512	412,478	403,577	369,785	363,696	353,445	346,806	348,182	350,345	352,890	350,447	349,245	349,875	349,388	348,881	344,863	339,297	336,755	329,498	320,924	311,041	299,386	280,892	254,471	247,875	238,722	228,550	217,048	185,926	176,943	167,077	162,310	156,714	145,256	141,488	121,068	118,961	117,299	109,509	99,132	0	94,958	91,202	87,717	86,386	83,843	80,771	74,891	72,851	68,300	66,300	62,000	57,000	53,200	50,200	48,400	44,200	39,900	34,000	31,900	30,300	-	-	-
Property Plant Equipment	0	747,501	749,393	760,283	764,798	763,029	762,381	761,213	766,405	748,872	752,375	760,522	768,808	774,288	769,909	764,583	985,520	721,856	711,214	676,037	904,377	664,469	639,345	626,687	834,230	609,978	605,211	598,746	726,703	597,263	595,792	591,608	655,426	587,348	571,498	559,281	555,228	555,241	535,281	531,763	531,947	517,942	512,928	504,803	501,205	461,905	449,608	434,700	431,512	412,478	403,577	369,785	363,696	353,445	346,806	348,182	350,345	352,890	350,447	349,245	349,875	349,388	348,881	344,863	339,297	336,755	329,498	320,924	311,041	299,386	280,892	254,471	247,875	238,722	228,550	217,048	185,926	176,943	167,077	162,310	156,714	145,256	141,488	121,068	118,961	117,299	109,509	104,780	99,132	94,958	91,202	87,717	86,386	83,843	80,771	74,891	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Retained Earnings	3,345,399	3,253,332	3,120,626	2,997,263	2,849,007	2,731,844	2,616,525	2,548,474	2,447,535	2,373,447	2,288,969	2,208,535	2,080,013	2,001,949	1,921,048	1,917,558	1,899,630	1,830,165	1,747,266	1,682,016	1,610,574	1,543,680	1,464,494	1,387,663	1,313,657	1,254,759	1,198,997	1,143,943	1,096,518	1,051,748	1,008,464	967,882	928,211	901,652	872,690	835,669	803,400	771,519	737,542	705,234	676,935	643,228	612,821	581,131	555,023	527,550	501,139	478,160	459,457	441,268	415,297	404,580	392,354	394,323	381,969	373,903	366,152	342,873	317,713	315,855	318,793	318,066	325,314	314,038	309,556	293,913	287,741	272,331	261,734	246,724	235,453	217,842	201,133	184,138	169,134	151,962	139,566	125,395	114,368	101,875	92,301	81,372	72,861	63,842	56,967	49,045	42,789	30,995	30,995	25,831	21,500	17,137	13,835	10,020	9,554	6,235	3,555	700	-1,800	-4,000	-5,900	-8,000	-10,100	-11,100	-12,100	-13,800	-15,100	-16,200	-17,000	-	-	-
Retained Earnings Total Equity	0	0	3,120,626	2,997,263	0	2,731,844	2,616,525	2,548,474	2,447,535	2,373,447	2,288,969	2,208,535	2,080,013	2,001,949	1,921,048	1,917,558	1,899,630	1,830,165	1,747,266	1,682,016	1,610,574	1,543,680	1,464,494	1,387,663	1,313,657	1,254,759	1,198,997	1,143,943	1,096,518	1,051,748	1,008,464	967,882	928,211	901,652	872,690	835,669	803,400	771,519	737,542	705,234	676,935	643,228	612,821	581,131	555,023	0	0	0	0	441,268	415,297	404,580	392,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt	0	0	0	0	290,000	0	0	0	0	0	15,597	12,416	11,366	7,983	8,458	12,127	20,520	9,677	10,182	16,212	162,379	1,381,309	1,384,779	1,610,468	94,663	1,149,033	1,026,226	466,372	52,635	660,998	840,666	1,052,608	26,426	0	0	0	146,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt Total	3,663,316	3,661,367	3,382,484	3,590,678	3,893,643	3,454,112	2,339,586	2,414,186	2,425,711	2,435,975	2,449,849	2,435,474	2,437,429	2,425,768	2,426,815	2,352,142	1,782,705	1,674,880	1,682,467	1,341,348	1,212,957	1,381,309	1,315,415	1,554,769	1,218,440	1,113,260	988,575	858,931	808,854	1,053,507	1,233,147	1,445,062	1,534,461	1,119,874	1,095,418	992,535	1,319,008	788,476	1,013,791	868,251	922,359	895,761	1,099,940	966,680	955,119	1,061,954	1,567,599	1,642,560	1,855,549	1,815,149	1,746,699	1,559,911	1,584,613	1,561,847	1,539,488	950,347	988,917	1,001,547	995,759	1,006,971	1,093,260	1,101,936	1,188,546	1,122,494	1,054,979	1,075,902	1,010,281	926,481	825,181	838,442	803,121	367,647	726,571	703,498	618,298	607,100	760,914	505,612	491,063	393,151	394,906	356,610	350,255	304,647	306,627	303,920	321,412	125,699	125,699	152,408	91,267	104,652	122,264	126,210	102,683	113,821	99,243	78,500	86,300	73,100	31,100	30,700	27,700	22,900	55,900	15,900	11,300	6,500	29,200	-	-	-
Short Term Debt	38,872	14,183	17,773	10,124	290,000	9,212	16,418	1,241,071	1,241,071	1,241,071	15,597	12,416	62,987	7,983	8,458	12,127	6,468	9,677	10,182	16,212	1,991	17,431	21,437	17,977	344,663	19,959	46,280	39,246	36,928	33,173	38,798	47,680	5,000	451,330	444,017	416,036	733,050	347,500	580,582	387,672	417,762	387,852	585,942	414,032	414,122	2,275	2,457	52,639	52,822	3,004	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	0	0	0	0	0	0	0	0	0	0	34,916	34,916	31,476	395,147	38,607	250,294	0	0	75,669	75,669	140,000	190,000	88,643	90,733	49,245	211,712	28,074	28,074	38,358	15,217	14,727	43,639	41,910	46,783	68,721	59,843	40,000	55,200	40,000	0	0	1,100	35,500	35,500	0	0	7,100	7,100	-	-	-
Short Term Investments	3,291,448	3,611,835	3,492,481	3,259,845	3,243,017	2,923,653	2,970,121	2,998,898	2,327,793	2,373,478	2,188,608	2,430,749	3,055,839	2,946,459	3,194,961	3,570,959	3,106,214	2,270,059	2,186,154	2,185,782	2,126,081	2,164,985	1,940,787	1,895,688	1,803,666	1,665,903	1,649,636	1,803,733	1,724,667	1,650,096	637,663	770,983	1,716,388	2,214,281	2,162,061	1,721,030	1,792,078	1,782,648	1,824,240	1,949,697	2,176,290	1,781,883	1,843,824	1,870,831	1,796,076	1,256,768	1,196,702	1,869,344	1,291,797	1,267,682	1,456,426	1,710,321	1,496,302	1,324,179	1,418,035	1,279,920	1,328,815	1,434,248	1,267,410	1,413,576	784,673	1,469,500	1,590,648	1,110,854	1,303,837	1,536,027	1,515,223	1,696,156	1,839,716	1,836,316	1,952,433	1,988,050	195,469	1,766,613	924,616	1,538,433	52,821	928,825	993,485	702,810	62,848	714,412	0	0	155,669	0	0	0	52,647	0	0	0	164,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Assets	56,259,934	55,555,246	54,286,176	52,873,511	52,949,649	52,382,939	50,969,332	50,250,661	50,142,143	47,832,271	46,738,450	45,682,202	45,080,768	43,731,718	43,540,017	38,799,847	36,620,583	34,911,902	33,641,769	32,358,621	31,241,521	30,142,731	29,464,588	28,456,772	27,915,970	27,358,162	26,929,265	25,778,893	25,668,553	25,321,759	24,420,616	23,488,168	22,917,166	22,043,930	20,799,924	20,382,271	20,010,727	19,169,345	18,895,681	18,221,163	18,097,783	17,682,548	17,613,546	17,074,247	17,519,613	17,018,592	16,576,282	16,172,018	15,893,808	15,914,804	14,615,897	14,080,180	13,980,156	14,100,368	13,708,560	12,839,978	12,215,620	12,136,021	11,359,536	10,818,941	10,658,326	9,864,920	9,923,077	9,732,466	9,368,859	9,465,114	9,348,460	9,414,604	9,571,852	9,463,060	9,172,784	8,382,247	8,177,042	7,893,503	7,768,993	7,345,539	6,419,048	5,817,286	5,326,179	4,962,773	4,747,398	4,304,877	4,132,394	3,914,995	3,721,555	3,576,775	3,219,400	2,705,422	2,705,422	2,515,396	2,322,083	2,166,630	2,102,806	1,996,306	1,863,469	1,771,891	1,679,382	1,564,900	1,515,100	1,419,400	1,348,000	1,243,600	1,176,500	1,151,900	1,053,400	973,000	856,900	764,600	706,000	-	-	-
Total Current Assets	3,227,117	10,276,844	9,567,284	445,928	4,792,686	8,698,153	7,621,453	5,080,347	6,867,868	2,835,722	2,623,565	2,857,074	322,415	3,255,098	3,539,960	3,920,077	286,167	2,718,814	2,487,088	2,456,547	392,142	2,444,921	2,245,367	2,127,095	277,534	1,917,799	1,945,741	2,017,835	267,194	1,892,921	905,214	979,463	271,454	2,461,622	2,410,155	2,007,773	225,136	2,043,342	2,173,253	2,279,959	253,408	2,104,749	2,068,110	2,070,406	284,731	1,443,520	1,373,231	2,015,358	148,012	1,414,952	1,596,860	1,851,240	153,690	1,479,246	1,541,747	1,386,421	135,133	1,563,146	1,389,792	1,535,783	219,794	1,627,701	1,757,505	1,271,744	170,190	1,685,997	1,668,432	1,821,113	2,232,975	1,981,449	2,116,829	2,109,065	471,048	1,932,386	1,137,035	1,686,638	294,676	1,046,222	1,094,314	812,490	275,132	843,201	262,837	215,072	243,533	3,433,004	3,083,428	2,596,205	2,596,205	2,410,184	2,220,458	2,068,321	2,005,650	1,901,515	1,771,572	1,685,695	1,595,048	1,495,300	1,447,500	1,356,000	1,289,500	1,188,800	1,124,700	1,101,800	1,007,400	931,300	821,000	730,800	673,800	-	-	-
Total Current Liabilities	37,362,170	1,885,580	1,823,073	1,549,116	779,144	1,493,656	1,308,797	177,786	3	1,032,073	1,160,571	1,132,986	1,296,773	1,395,422	1,479,568	1,297,779	1,045,958	995,769	1,003,719	856,771	668,307	682,316	698,260	609,403	881,907	459,993	536,669	463,784	542,378	479,296	520,922	455,273	395,259	359,234	357,106	316,964	336,225	287,115	327,279	283,724	302,958	265,775	310,515	317,872	331,245	349,236	212,460	228,323	240,281	194,590	135,309	142,847	156,321	176,325	160,394	138,912	171,990	182,229	108,369	116,596	121,744	124,126	224,139	373,097	102,884	89,175	67,989	91,579	104,085	151,735	85,239	111,947	128,042	120,617	499,745	138,119	329,782	129,928	136,596	128,269	201,703	259,197	302,794	189,791	189,535	3,244,000	2,903,000	2,466,000	2,466,000	2,293,000	2,113,000	1,971,000	1,922,000	1,815,000	1,709,000	1,632,000	1,547,000	1,446,000	1,400,000	1,309,000	1,242,000	1,139,000	1,079,000	1,059,000	965,000	890,000	781,000	694,000	641,000	-	-	-
Total Liab	50,860,408	50,539,633	49,244,264	47,858,005	48,152,811	47,744,959	46,241,709	45,758,405	45,643,455	43,421,954	42,399,439	41,429,691	40,964,773	39,657,629	39,549,799	35,099,454	32,929,333	31,371,577	30,194,819	28,986,649	27,973,951	26,962,909	26,357,717	25,425,522	24,939,031	24,449,237	24,089,807	23,013,910	22,972,936	22,647,285	21,797,021	21,069,726	20,564,892	19,708,194	18,534,942	18,251,197	17,940,905	17,140,837	16,897,446	16,281,020	16,197,194	15,808,982	15,776,886	15,248,559	15,714,908	15,257,292	14,854,208	14,484,097	14,350,275	14,386,617	13,142,511	12,626,927	12,543,607	12,701,456	12,323,824	11,475,146	11,076,981	11,029,939	10,294,460	9,755,714	9,591,754	9,055,589	9,174,052	8,979,173	8,629,304	8,743,141	8,627,832	8,684,863	8,798,506	8,699,762	8,450,981	7,729,360	7,549,131	7,279,742	7,172,072	6,783,012	5,945,136	5,387,133	4,952,027	4,593,765	4,397,561	4,005,003	3,882,995	3,676,090	3,494,553	3,358,747	3,013,401	2,564,144	2,564,144	2,377,372	2,189,114	2,060,758	2,000,530	1,898,936	1,765,111	1,677,056	1,586,435	1,484,000	1,435,900	1,342,200	1,272,800	1,170,400	1,105,500	1,081,900	984,600	906,100	791,900	701,100	663,400	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Stockholder Equity	5,399,526	5,015,613	5,041,912	5,015,506	4,796,838	4,637,980	4,727,623	4,492,256	4,498,688	4,410,317	4,339,011	4,252,511	4,115,995	4,074,089	3,990,218	3,700,393	3,691,250	3,540,325	3,446,950	3,371,972	3,267,570	3,179,822	3,106,871	3,031,250	2,976,939	2,908,925	2,839,458	2,764,983	2,695,617	2,674,474	2,623,595	2,418,442	2,352,274	2,335,736	2,264,982	2,131,074	2,069,822	2,028,508	1,998,235	1,940,143	1,900,589	1,873,566	1,836,660	1,825,688	1,804,705	1,761,300	1,722,074	1,687,921	1,543,533	1,528,187	1,473,386	1,453,253	1,436,549	1,398,912	1,384,736	1,364,832	1,138,639	1,106,082	1,065,076	1,063,227	1,066,572	809,331	749,025	753,293	739,555	721,973	720,628	729,741	773,346	763,298	721,803	652,887	627,911	613,761	596,921	562,527	473,912	430,153	374,152	369,008	349,837	299,874	249,399	238,905	227,002	218,028	205,999	141,278	141,278	138,024	132,969	105,872	102,276	97,370	98,358	94,835	92,947	80,900	79,200	77,200	75,200	73,200	71,000	70,000	68,800	66,900	65,000	63,500	42,600	-	-	-
Treasury Stock	0	0	-1,966	-1,966	0	0	0	-109,903	-109,903	-109,903	-100,363	-100,363	-100,363	-44,891	-44,891	-44,891	-6,931	-6,799	-6,650	-6,650	-5,634	-5,547	-5,355	-5,355	-4,986	-4,884	-4,884	-4,884	-4,589	-4,522	-4,145	-4,145	-3,973	-3,964	-3,964	-3,948	-3,549	-3,519	-3,449	-3,380	-3,000	-8,290	-8,214	-8,187	-7,838	-7,490	-7,374	-6,559	-112	-68	-50	-74	0	-51	-4	0	-122,733	-122,437	-122,302	-122,302	-122,290	-122,290	-122,258	-122,252	-122,196	-107,742	-84,559	-77,498	-16,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,863	-3,863	-3,863	-1,314	-1,306	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Begin Period Cash Flow	489,647	411,205	322,474	286,476	392,200	277,591	270,045	275,795	230,707	263,864	315,028	169,704	172,580	158,616	445,904	261,154	305,292	341,365	176,026	168,549	256,922	123,530	230,054	81,297	52,463	93,000	75,400	68,400
Capital Expenditures	45,205	53,449	57,075	63,646	82,021	68,273	59,194	33,923	43,459	38,136	37,694	74,326	79,132	30,510	18,275	28,632	42,829	64,824	47,006	30,606	41,148	27,373	19,934	19,459	17,217	15,500	16,100	7,900
Cash And Cash Equivalents Changes	0	0	88,731	35,998	-105,724	114,609	7,546	-5,750	45,088	-33,157	-51,164	145,324	0	13,964	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	94,971	-515,561	-164,492	-153,915	-150,907	-79,374	-184,800	64,409	52,561	-3,844,914	0	-3,757,618	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,815,398	79,761	88,731	35,998	-105,724	114,609	7,546	-5,750	45,088	-33,157	-51,164	145,324	-2,876	13,964	-287,288	184,750	-44,138	-36,073	165,339	7,477	-88,373	133,392	-106,524	148,757	28,834	-40,500	17,500	7,000
Change In Working Capital	-106,163	295,426	257,196	-85,412	-148,260	-147,395	-95,634	70,553	-149,423	30,102	26,548	158,316	143,405	151,386	-99,165	6,524	-6,498	6,757	1,726	11,259	6,321	56,950	-23,751	27,716	1,995	-11,000	9,600	-3,000
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	141,518	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-377,519	-81,904	179,111	-132,733	-136,986	-119,697	-127,321	-41,164	-150,473	69,713	48,211	18,666	150,736	137,840	-67,363	5,030	-1,755	-6,447	0	2,065	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	177,052	82,645	67,947	58,805	153,666	0	92,777	0	0	61,844	47,703	0	28,998	50,676	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	78,475	46,924	-11,898	-27,001	30,693	113,258	292	-38,902	-21,749	137,743	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	487,822	383,087	-450,068	-8,281	139,856	194,368	9,528	25,642	25,321	124,649	3,840,987	0	3,731,140	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	387,077	69,843	46,061	-15,862	-13,179	30,540	116,981	-3,118	-32,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5,498	82,070	101,797	96,369	88,362	67,665	63,107	53,148	36,671	32,117	26,180	24,676	19,469	18,165	20,508	20,566	20,010	17,622	16,751	12,064	11,021	11,744	7,504	8,394	3,756	2,600	1,700	2,100
Dividends Paid	27,964	108,210	98,629	85,890	65,110	50,987	40,543	38,568	29,888	24,933	13,893	13,157	10,344	22,776	21,783	9,031	7,831	6,961	5,449	4,069	2,784	1,903	1,279	875	0	0	0	0
End Period Cash Flow	1,815,398	490,966	411,205	322,474	286,476	392,200	277,591	270,045	275,795	230,707	263,864	315,028	169,704	172,580	158,616	445,904	261,154	305,292	341,365	176,026	168,549	256,922	123,530	230,054	81,297	52,500	92,900	75,400
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	1,843,362	1,321,551	1,073,797	-582,111	183,972	308,909	341,847	275,158	-5,507	197,705	284,091	194,328	286,555	174,934	-859,303	122,659	72,547	-23,432	69,900	93,925	96,341	31,833	-45,387	27,384	9,709	-23,800	-10,100	-11,200
Investments	-3,170,241	-3,490,769	-4,597,061	-7,129,721	-3,840,775	-2,665,899	-2,356,595	-2,621,573	-1,628,457	-2,171,239	-193,117	-744,222	0	-613,951	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	8	285,729	-30	277,613	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	1,200,135	-27,784	88,596	312,097	137,257	-4,888	-14,100	44,685	396,001	-55,396	203,214	0	-23,562	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,837,864	509,682	466,151	292,990	355,697	343,166	257,682	206,875	156,749	151,398	137,210	111,196	77,575	63,329	73,069	20,488	55,653	66,493	67,016	51,334	38,118	27,875	18,439	11,155	9,427	6,200	4,800	-1,000
Other Cashflows From Financing Activities	27,964	2,018,315	-16,583	7,916,209	3,713,639	2,700,559	1,956,077	2,785,801	1,679,001	444	474	841	306	531,205	1,541,289	693	-211,316	4,565	1,165,676	934,756	765,536	858,371	605,278	383,116	298,957	286,900	365,600	242,500
Other Cashflows From Investing Activities	0	-88,421	-1,274,723	10,943	-96,153	-29,326	112,045	162,831	30,363	341,565	-9,986	322,673	0	62,189	600,000	217,834	231,300	302,882	561,802	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-1,843,362	434,017	292,412	-813,416	-85,667	45,026	99,785	-37,474	-38,755	10,345	123,509	-11,291	120,185	-16,104	-893,572	105,567	40,203	-60,432	48,688	67,780	86,553	-38,432	-29,452	-1,072	12,588	-4,100	3,300	2,000
Sale Purchase Of Stock	-1,966	-304	-9,540	-93,432	-1,297	-648	-397	-616	-424	-549	-3,504	-7,726	-112	-250,218	-443	-94	-105,853	-16,343	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	32,428	31,748	16,177	-4,938	11,304	13,496	12,858	9,303	9,656	7,754	6,799	9,072	5,692	4,640	6,853	9,936	10,845	12,159	-17,620	-20,862	-5,336	-107	16	53	-5	0	0	-1,900
Total Cash From Financing Activities	-27,964	2,195,530	4,886,718	7,736,887	3,647,232	2,500,925	1,910,249	2,177,834	1,648,689	1,598,812	-132,152	372,545	589,821	390,792	1,419,648	1,238,194	-325,000	793,450	1,001,472	905,687	742,727	856,468	603,999	382,241	290,607	286,900	347,700	231,700
Total Cash From Operating Activities	1,843,362	1,375,000	1,130,872	-518,465	265,993	377,182	401,041	309,081	37,952	235,841	321,785	268,654	365,687	205,444	-841,028	151,291	115,376	41,392	116,906	124,531	137,489	59,206	-25,453	46,843	26,926	-8,300	6,000	-3,300
Total Cashflows From Investing Activities	0	-3,490,769	-5,928,859	-7,182,424	-4,018,949	-2,763,498	-2,303,744	-2,492,665	-1,641,553	-1,867,810	-240,797	-495,875	-958,384	-582,272	0	0	165,486	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31
Begin Period Cash Flow	418,148	513,917	445,986	490,966	489,647	498,947	462,572	411,205	462,299	435,009	426,377	322,474	308,695	345,057	349,427	286,476	448,814	300,992	270,823	392,200	279,993	304,642	231,464	277,591	251,952	296,161	217,148	270,045	246,947	271,575	212,300	275,795	250,655	252,209	290,872	230,707	287,416	356,978	342,738	263,864	330,637	233,299	213,201	315,028	212,814	191,756	160,602	169,704	160,722	184,068	174,494	172,580	243,980	152,376	121,894	158,616	151,761	163,832	220,661	445,904	193,382	240,168	441,298	261,154	212,267	168,301	271,704	305,292	313,809	270,984	244,445	341,365	227,959	567,801	218,544	176,026	373,282	176,238	407,880	168,549	276,507	346,581	410,498	256,922	392,095	258,144	153,080	240,801	240,801	209,127	218,848	230,054	68,721	124,210	139,763	81,297	97,600	96,800	1,500	52,500	63,200	22,700	188,200	93,000	114,400	95,000	3,600	75,400	0
Capital Expenditures	17,188	19,900	179	9,139	15,987	14,096	15,644	7,722	33,641	11,321	7,725	4,388	9,254	16,260	16,747	21,385	30,571	20,153	17,689	13,608	15,634	20,321	20,738	11,580	19,611	13,323	15,437	10,823	5,647	4,041	15,558	8,677	14,084	3,897	19,576	5,902	7,154	13,596	9,790	7,596	13,455	11,142	6,589	6,508	28,793	18,237	18,795	8,501	24,363	6,028	38,184	10,557	14,614	10,829	2,919	2,148	1,871	7,132	5,506	3,766	4,913	5,062	8,761	9,896	4,715	11,523	12,692	13,899	15,691	22,211	17,028	9,894	12,358	13,197	12,334	9,117	10,238	6,236	6,210	7,922	8,127	5,907	22,889	4,225	3,882	9,665	6,794	6,099	6,099	5,392	5,372	3,071	3,554	4,607	7,970	3,328	3,417	2,900	5,100	5,800	4,600	3,700	2,400	4,800	5,000	6,400	2,600	2,100	2,500
Cash And Cash Equivalents Changes	0	0	67,931	-44,980	0	-9,300	36,375	51,367	-51,094	27,290	8,632	103,903	13,779	-36,362	-4,370	62,951	-162,338	147,822	30,169	-121,377	112,207	-24,649	73,178	-46,127	25,639	-44,209	79,013	-52,897	23,098	-24,628	59,275	-63,495	25,140	-1,554	-38,663	60,165	-56,709	-69,562	14,240	78,874	-66,773	97,338	20,098	-101,827	0	0	0	0	0	-23,346	9,574	1,914	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	40,774	-106,270	0	-84,814	61,274	99,038	59,743	-46,752	19,247	62,733	-298,314	-4,178	10,929	-223,998	37,456	-66,613	-109,409	-25,926	-31,453	-45,597	-72,859	-4,006	-69,991	-20,567	-57,349	-3,000	82,969	-24,356	-53,031	-84,956	-73,126	-72,345	-18,552	-20,777	-15,006	36,816	14,762	27,837	24,204	-5,689	1,041,865	-1,007,819	0	0	0	0	0	-612,378	-470,263	-578,399	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,316	-95,769	67,931	-44,980	1,319	-9,300	36,375	51,367	-51,094	27,290	8,632	103,903	13,779	-36,362	-4,370	62,951	-162,338	147,822	30,169	-121,377	112,207	-24,649	73,178	-46,127	25,639	-44,209	79,013	-52,897	23,098	-24,628	59,275	-63,495	25,140	-1,554	-38,663	60,165	-56,709	-69,562	14,240	78,874	-66,773	97,338	20,098	-101,827	102,214	21,058	31,154	-9,102	8,982	-23,346	9,574	1,914	-71,400	91,604	30,482	-36,722	6,855	-12,071	-56,829	-225,243	252,522	-46,786	-201,130	180,144	48,887	43,966	-103,403	-33,588	-8,517	42,825	26,539	-96,920	113,406	-339,842	349,257	42,518	-197,256	197,044	-231,642	239,331	-107,958	-70,074	-63,917	153,576	-135,173	133,951	105,064	-117,271	-117,271	31,674	-9,721	-11,206	161,333	-55,489	-15,553	58,466	-16,303	800	95,300	65,800	105,800	63,200	22,700	95,200	76,500	114,400	95,000	61,800	3,600
Change In Working Capital	72,564	-186,031	193,841	-149,484	5,008	-54,146	177,422	167,142	172,633	-83,328	61,263	106,628	104,332	-48,017	81,563	-223,290	45,556	-101,380	-42,731	-49,705	-123,806	-64,795	22,570	18,636	45,226	-75,079	10,647	-76,428	169,499	-51,184	17,526	-65,288	-3,896	-119,244	51,553	-77,836	8,456	-25,511	53,423	-6,266	51,361	-45,736	8,829	12,094	-12,065	248,027	-172,076	94,430	72,474	15,448	23,008	32,475	26,285	49,732	74,373	996	-64,346	-33,594	289	-1,514	-59,947	41,504	-297	25,264	-27,810	35,514	-39,214	25,012	-126,988	55,883	-51,654	129,516	-22,016	-5,055	25,094	3,703	28,635	-11,319	-7,498	1,441	-12,430	7,674	5,485	5,592	35,575	1,719	23,588	-7,834	13,021	-4,145	2,436	-14,208	5,797	12,170	3,921	5,828	195	1,200	-1,500	2,100	700	-3,200	-7,300	-1,200	1,100	6,600	-6,100	-1,600	-8,700
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-13,425	38,598	47,043	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	67,699	-186,031	13,698	-96,679	-110,187	-106,406	20,818	113,871	66,396	-24,828	29,609	107,934	22,424	13,992	45,123	-214,272	46,492	-42,547	-109,407	-31,524	-32,635	-35,761	-57,767	6,466	-66,272	-17,717	-48,977	5,645	88,220	-14,031	-39,546	-75,807	-35,769	-71,055	-21,292	-22,357	-13,325	38,397	12,988	31,653	23,058	-8,776	1,765	32,164	-9,003	114,274	-191,374	104,769	81,906	-16,811	38,598	47,043	0	0	0	0	0	0	0	0	0	0	0	0	0	240	198	1,094	0	0	0	0	0	0	0	0	2,065	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,919	0	0	177,052	103,683	72,145	145,457	82,645	0	0	89,771	67,947	87,722	0	0	58,805	26,184	2,993	131,316	153,666	142,347	0	58,697	0	0	0	0	92,777	184,028	236,993	281,121	0	2,558	61,718	129,748	0	0	0	0	61,844	51,651	0	10,863	47,703	47,373	20,076	34,907	0	0	0	24,130	28,998	0	0	0	50,676	72,495	65,833	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	183,068	-53,830	0	51,429	156,762	53,062	106,195	-60,064	33,370	-1,026	80,859	-61,179	35,073	-7,829	-3,072	-58,059	68,547	-19,314	-90,167	-29,208	79,517	12,857	111,850	-58,706	60,897	-83,348	82,176	-39,674	58,569	12,187	29,009	-46,474	66,631	-48,874	16,972	-60,127	41,601	-37,348	28,541	-37,360	6,687	-19,617	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-55,508	29,270	152,659	102,160	72,704	153,114	107,565	54,622	239,686	-25,635	-6,938	-122,985	-84,212	-235,933	142,972	-42,679	-129,789	21,215	137,874	122,383	-34,973	-85,428	124,022	19,236	-90,432	141,542	156,064	7,179	-229,493	75,778	-3,030	160,480	-35,336	-96,472	32,132	5,175	-141,276	129,290	6,825	213,597	-1,119,720	1,023,947	0	0	0	0	0	571,894	438,929	856,311	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	183,388	183,388	120,083	52,629	158,123	56,242	106,505	-63,349	29,333	-2,646	80,241	-63,374	36,743	-7,549	-4,702	-59,433	69,197	-20,924	-87,127	-28,208	87,399	14,757	29,443	-59,056	60,787	-81,338	115,708	0	0	0	-3,118	0	0	0	-32,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,173	15,574	16,199	18,798	17,344	19,539	20,661	24,526	26,408	23,904	25,924	25,561	25,074	24,157	23,762	23,376	23,524	21,516	22,125	21,197	18,757	16,922	16,103	15,883	16,593	16,556	15,521	14,437	14,350	11,502	13,686	13,610	11,696	9,162	7,918	7,895	8,165	8,442	7,757	7,753	5,119	7,187	7,092	6,782	10,521	4,633	3,895	5,627	1,715	6,846	5,497	5,411	1,015	5,848	5,634	5,668	3,205	5,960	4,575	6,768	5,216	5,212	4,291	5,847	4,619	5,419	5,231	4,741	5,068	4,507	4,168	3,879	3,775	3,435	5,324	4,217	3,420	2,898	2,925	2,821	2,952	3,183	2,091	2,795	2,757	2,996	2,723	2,557	2,557	1,717	1,371	1,859	1,992	1,863	2,832	1,707	1,556	300	900	1,000	700	800	400	700	300	500	500	400	1,100
Dividends Paid	31,413	31,492	31,387	31,398	27,654	27,642	26,462	26,452	24,669	24,659	24,675	24,626	23,140	26,414	18,169	18,167	16,499	16,222	16,216	16,173	12,763	12,762	12,749	12,713	9,883	9,864	9,843	10,953	9,838	9,831	9,459	9,440	9,402	6,893	6,810	6,783	6,252	6,247	6,233	6,201	1,827	6,156	2,336	3,574	1,582	6,314	1,000	4,261	1,000	4,199	1,001	4,144	5,409	6,926	4,125	6,316	4,125	6,292	4,125	7,241	544	4,256	4,231	4,231	7,831	3,747	4,084	4,084	6,961	3,588	3,373	3,373	5,449	2,833	2,616	2,616	4,069	2,049	2,020	2,020	0	1,396	0	1,388	0	1,028	0	875	0	677	0	602	0	433	0	442	0	0	0	0	0	0	0	0	0	0	0	15,600	0
End Period Cash Flow	423,464	418,148	513,917	445,986	490,966	489,647	498,947	462,572	411,205	462,299	435,009	426,377	322,474	308,695	345,057	349,427	286,476	448,814	300,992	270,823	392,200	279,993	304,642	231,464	277,591	251,952	296,161	217,148	270,045	246,947	271,575	212,300	275,795	250,655	252,209	290,872	230,707	287,416	356,978	342,738	263,864	330,637	233,299	213,201	315,028	212,814	191,756	160,602	169,704	160,722	184,068	174,494	172,580	243,980	152,376	121,894	158,616	151,761	163,832	220,661	445,904	193,382	240,168	441,298	261,154	212,267	168,301	271,704	305,292	313,809	270,984	244,445	341,365	227,959	567,801	218,544	176,026	373,282	176,238	407,880	168,549	276,507	346,581	410,498	256,922	392,095	258,144	123,530	123,530	240,801	209,127	218,848	230,054	68,721	124,210	139,763	81,297	97,600	96,800	118,300	105,800	63,200	22,700	188,200	76,500	114,400	95,000	137,200	3,600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	230,739	68,357	339,572	59,302	303,841	217,752	349,656	450,302	366,230	70,917	424,257	212,393	-104,567	-69,745	-6,604	-401,195	258,377	-65,337	-83,145	74,077	100,447	138,056	59,628	10,778	233,048	10,318	-20,437	118,918	386,438	5,613	-174,578	57,685	-13,202	87,652	44,276	-124,233	70,007	18,248	-45,219	154,669	87,922	203,535	-100,539	93,173	165,657	236,541	-307,569	99,699	-15,776	-24,567	-13,629	340,527	-5,370	-3,009	24,325	158,988	-70,774	-63,917	-584,386	-140,226	9,628	59,840	15,013	38,178	29,474	41,540	-29,911	31,444	-167,554	54,548	-73,416	162,990	35,377	22,665	23,173	-11,315	18,628	2,800	74,527	-2,030	37,919	38,161	12,160	8,101	-5,314	-7,206	33,324	-23,049	-23,049	-6,193	5,105	-21,250	13,109	-2,645	1,646	15,274	2,409	5,100	3,800	-1,600	-9,500	-2,900	-7,800	-3,600	-2,500	2,100	-6,800	-2,900	-13,000
Investments	-609,725	-1,396,475	-1,350,318	107,709	-542,150	-1,973,806	845,040	-488,029	-1,251,320	-1,152,064	-1,629,110	-851,510	-1,054,515	-129,131	-4,514,360	-1,431,715	-1,076,517	-968,805	-775,106	-1,020,347	-792,779	-569,674	-828,575	-474,871	-593,150	-458,645	-953,908	-350,892	-759,488	-543,053	-718,358	-600,674	-786,416	-398,994	-464,918	21,871	-891,301	-246,953	-523,383	-509,602	-74,389	-242,022	-91,622	214,916	0	0	0	0	0	-215,905	-492,156	-245,119	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8	594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-216,480	-13,968	143,238	-13,044	-65,131	-14,928	-12,068	-6,486	9,777	-6,378	-3,227	-7,151	10,901	88,073	4,530	-5,417	337,447	-24,463	28,145	113,601	11,142	-15,631	15,223	-35,274	38,895	-23,732	21,140	-11,296	-549	-23,395	6,041	-15,931	396,467	-341,892	530,532	-225,233	144,720	-54,018	4,613	-204,128	132,543	11,576	0	0	0	0	0	9,050	172,481	-10,808	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	123,480	164,198	154,750	180,198	144,817	142,961	94,513	127,391	98,757	109,137	105,109	153,148	101,204	107,315	21,659	62,812	85,964	99,121	81,466	89,146	79,657	91,948	89,580	81,981	68,781	65,626	64,897	58,378	54,608	53,115	50,041	49,111	35,511	38,355	43,831	39,052	38,133	40,224	38,541	34,500	35,288	35,563	34,307	32,052	30,089	32,302	25,595	23,210	19,221	30,202	11,750	16,402	14,204	20,098	13,010	16,017	28,167	31,995	6,549	6,358	1,955	-2,448	11,276	9,705	15,643	9,919	15,410	14,681	15,010	14,859	17,611	19,013	16,995	17,837	17,172	15,012	14,171	13,076	12,493	11,594	10,929	9,907	9,019	8,263	7,922	7,284	6,307	5,164	5,164	5,008	4,363	3,904	3,815	899	3,319	3,122	2,827	2,500	2,300	1,800	2,000	2,200	1,000	1,000	1,600	1,300	1,200	700	-300
Other Cashflows From Financing Activities	404,482	1,243,941	1,381,635	-184,392	393,606	1,118,225	661,952	128,562	2,147,891	1,149,779	951,165	773,836	1,252,022	184,149	4,532,268	1,947,770	808,926	1,188,231	890,551	864,190	845,374	399,374	863,932	459,239	385,386	430,475	1,031,221	158,676	367,390	132	981,753	193	961,586	347,781	205,771	471	954,369	113	70	156	-114,477	23	104	-301,466	217,310	68	157	278,668	44,361	522	345,006	194	216,561	132,594	339,622	-199,344	69,417	16,210	566,125	68	9	32,109	344,899	80,988	-126,732	72,282	33,895	398	168,507	204,891	325,230	176,913	286,039	220,751	390,384	302,270	479,576	134,894	343,591	247,197	210,121	163,199	207,773	184,443	121,487	372,984	224,119	193,897	-294,218	190,872	147,904	72,605	96,843	117,687	84,513	84,073	83,607	45,900	95,300	65,800	105,800	63,200	22,700	95,200	76,500	116,700	103,500	84,500	79,500
Other Cashflows From Investing Activities	0	0	4,461	15,850	-46,603	432,406	25	1,912	-1,277,158	-657	-744	188	-549	4,779	2,495	4,218	-122,697	10,104	14,085	2,355	-39,399	20,549	2,084	-12,560	-2,666	3,618	55,712	55,381	284,772	-406,642	193,025	91,676	6,457	-15,393	17,618	21,681	21,027	269,827	20,680	30,031	24,550	62,304	7,687	-104,527	258,322	152,594	0	0	0	71,148	-1,446	21,371	0	0	0	0	600,000	600,000	0	0	217,834	217,834	184,255	114,805	231,300	1,306	0	0	302,882	302,882	202,882	756,056	561,802	421,802	284,415	146,415	0	0	225,720	90,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	52,105	-91,515	-82,429	10,634	122,706	114,531	65,706	131,074	98,194	110,480	327,922	80,312	-317,950	-41,723	-120,018	-237,103	86,321	-26,962	-115,361	36,657	83,099	135,501	-24,108	-83,774	54,118	33,317	-76,186	146,089	144,427	25,264	-217,046	88,144	-67,322	173,941	-13,354	-74,492	16,282	22,453	-126,964	134,029	7,869	212,874	-130,515	54,920	188,687	-32,856	-149,754	-17,368	-86,260	-72,448	-16,574	295,467	-16,407	-69,874	-66,864	-11,286	-88,929	-62,847	-1,851	2,051	69,171	20,634	8,504	10,701	35,729	2,211	1,354	4,886	-44,953	1,510	-26,513	24,159	48,981	19,645	-12,083	-21,614	-14,217	9,778	80,264	-8,045	46,179	23,758	19,711	-3,095	-50,725	-4,415	4,993	-22,209	-22,209	-2,777	3,755	-8,221	1,575	-13,139	1,223	9,269	-312	5,400	7,700	-200	-8,300	1,000	1,100	1,300	2,000	900	900	600	-1,000
Sale Purchase Of Stock	-251	-289,963	-1,589	-1,662	-304	-594	286,315	4,829	-19,824	-9,540	0	0	-55,472	268	277,300	-37,960	-132	-149	0	-1,016	-87	-192	11,378	-369	-102	0	0	-295	-67	-377	152,823	-172	-9	-309	-16	-399	-30	-70	-69	-380	-3,052	-76	-27	-349	-348	-116	-815	-6,447	-44	-18	24	-74	-250,069	-47	-4	-98	-296	-135	0	-12	536,093	0	0	-56	0	0	0	-61,155	0	0	0	0	0	0	0	-55,883	0	0	0	1,271	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	8,963	8,100	8,108	8,295	7,896	8,963	6,998	7,891	6,740	3,243	3,332	2,862	-3,915	1,255	541	-2,819	3,026	1,995	2,965	3,318	3,150	3,248	3,415	3,683	4,698	2,414	2,828	2,918	2,525	2,026	2,268	2,484	1,839	2,531	3,015	2,271	2,000	2,000	2,073	1,681	201	1,970	2,215	2,413	1,812	2,621	2,350	2,289	2,259	1,399	940	1,094	119	2,016	1,091	1,414	1,721	1,701	1,659	1,772	9,936	0	0	2,498	10,845	0	0	2,965	0	0	0	2,981	0	0	0	-5,855	-4,677	-5,861	-7,995	-2,329	-2,536	76	-1,328	-1,548	2,182	-1,041	-685	4,185	0	-1,406	-1,535	-1,228	2,836	-566	-968	-1,249	595	-600	100	-100	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	367,114	1,212,449	1,074,216	-227,841	223,641	1,314,348	570,359	87,182	2,111,154	1,109,094	923,638	742,832	1,173,410	157,735	4,514,099	1,891,643	778,499	1,171,860	874,335	822,538	843,938	386,420	840,041	430,526	388,407	400,500	997,646	123,696	111,376	919,454	759,186	387,818	818,301	325,181	364,361	140,846	743,558	-110,684	562,162	403,776	-104,856	73,521	204,572	-305,389	139,836	-227,110	284,158	175,661	41,903	145,978	516,805	-114,865	-105,838	233,560	287,641	-24,571	55,274	657,263	550,798	156,313	788,791	27,803	344,899	76,701	-189,893	68,535	-38,463	-165,179	132,427	180,752	316,296	163,975	269,155	121,429	385,794	225,094	344,325	115,576	254,513	191,273	208,121	161,803	195,308	177,495	121,487	349,489	224,119	193,897	193,897	190,195	147,904	72,003	96,843	117,254	84,513	83,631	83,607	45,900	95,300	65,800	105,800	63,200	22,700	95,200	76,500	114,400	95,000	61,800	79,500
Total Cash From Operating Activities	247,927	88,257	339,751	68,441	319,828	231,848	365,300	458,024	399,871	82,238	431,982	216,781	-95,313	-53,485	10,143	-379,810	288,948	-45,184	-65,456	87,685	116,081	158,377	80,366	22,358	252,659	23,641	-5,000	129,741	392,085	9,654	-159,020	66,362	882	91,549	63,852	-118,331	77,161	31,844	-35,429	162,265	101,377	214,677	-93,950	99,681	194,450	254,778	-288,774	108,200	8,587	-18,539	24,555	351,084	9,244	7,820	27,244	161,136	-68,903	-56,785	-578,880	-136,460	14,541	64,902	23,774	48,074	34,189	53,063	-17,219	45,343	-151,863	76,759	-56,388	172,884	47,735	35,862	35,507	-2,198	28,866	9,036	80,737	5,892	46,046	44,068	35,049	12,326	-1,432	2,459	40,118	-16,950	-16,950	-801	10,477	-18,179	16,663	1,962	9,616	18,602	5,826	8,000	8,900	4,200	-4,900	800	-5,400	1,200	2,500	8,500	-4,200	-800	-10,500
Total Cashflows From Investing Activities	0	0	-1,346,036	114,420	-542,150	-1,555,496	-899,284	-493,839	-2,562,119	-1,164,042	-1,346,988	-855,710	-1,064,318	-140,612	-4,528,612	-1,448,882	-1,229,785	-978,854	-778,710	-1,031,600	-847,812	-569,446	-847,229	-499,011	-615,427	-468,350	-913,633	-306,334	-480,363	-953,736	-540,891	-517,675	-794,043	-418,284	-466,876	37,650	-877,428	9,278	-512,493	-487,167	-63,294	-190,860	-90,524	103,881	-495,875	-263,803	-257,193	-292,963	-958,384	-150,785	-531,786	-234,305	0	0	0	0	0	0	0	0	0	0	0	55,369	165,486	0	38,527	86,248	0	0	0	0	0	0	0	0	0	0	0	42,166	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	434,450	138,466	0	0	0	240,739	577	305	1,246	93,229	126,115	183,941	41,803	48,234	383,670	327,597	364,886	316,116	196,953	110,220	94,498	94,426	100,341	92,239	0	0	0	0	-
Depreciation And Amortization	47,861	44,124	48,614	48,933	47,604	33,876	28,508	18,048	4,621	4,692	4,627	4,324	3,425	2,739	20,508	20,566	20,010	17,622	16,751	12,064	11,021	11,744	7,504	8,394	3,756	2,600	1,700	2,100	-
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	0	0	-
Ebit	53,298	124,514	637,796	389,781	480,101	699,829	538,988	457,218	360,750	346,548	326,075	307,989	288,493	293,504	333,242	300,797	433,831	413,300	295,227	184,809	142,843	126,600	121,316	103,632	75,748	55,900	39,300	21,900	1,497
Ebitda	53,298	168,638	686,410	438,714	527,705	733,705	567,496	475,266	365,371	351,240	330,702	312,313	291,918	296,243	353,750	321,363	453,841	430,922	311,978	196,873	153,864	138,344	128,820	112,026	79,504	58,500	41,000	24,000	1,497
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	-
Extraordinary Items	0	0	0	0	0	1,209	7,552	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	2,893,114	1,956,005	1,707,580	1,640,997	1,459,173	1,316,789	1,146,827	1,038,569	907,652	807,434	767,946	733,965	609,272	559,762	470,415	339,392	335,255	336,262	310,316	243,276	193,084	158,800	102,812	79,306	57,542	44,900	31,700	22,400	9,700
Income Before Tax	845,081	700,555	637,796	389,781	480,101	460,133	389,997	331,854	251,765	246,431	224,440	180,132	128,033	100,807	117,504	30,641	83,824	104,241	104,950	80,887	59,344	42,495	29,129	16,448	14,151	4,700	1,000	-2,300	1,002
Income Tax Expense	222,455	190,873	171,645	96,791	124,404	116,967	132,315	124,979	95,016	95,033	87,230	68,936	50,458	37,478	44,435	10,153	28,171	37,748	37,934	29,553	21,226	14,620	10,436	5,293	4,724	-1,500	-3,800	-1,300	-495
Interest Expense	1,055,250	252,081	150,527	253,113	330,223	205,907	114,392	90,264	76,935	72,692	80,082	107,505	144,416	177,271	215,738	270,156	350,007	309,059	190,277	103,922	83,499	84,105	92,441	87,184	61,597	51,200	38,300	24,200	0
Interest Income	2,680,011	1,747,443	1,275,484	1,293,020	1,385,142	1,170,810	946,468	812,457	718,464	671,267	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	622,626	509,682	466,151	292,990	355,697	343,166	257,682	206,875	156,749	151,398	137,210	111,196	77,575	63,329	73,069	20,488	55,653	66,493	67,016	51,334	38,118	27,875	18,439	11,155	9,427	6,200	4,800	-1,000	1,497
Net Income Applicable To Common Shares	0	481,718	438,187	271,613	347,497	334,966	247,904	192,362	145,880	145,075	128,815	102,103	73,447	32,325	53,513	18,412	55,653	66,493	67,016	51,334	38,118	27,875	18,693	11,155	0	0	0	0	-
Net Income From Continuing Ops	643,963	509,682	466,151	292,990	604,505	577,100	522,312	206,875	346,781	341,464	137,210	111,196	0	63,329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	1,824,706	1,495,362	1,124,957	1,039,907	1,054,919	964,903	832,076	722,193	641,529	598,575	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	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	-
Operating Income	53,298	124,514	637,796	389,781	480,101	666,040	29,646	16,441	2,728	346,548	326,075	307,989	288,493	293,504	333,242	300,797	433,831	413,300	295,227	184,809	142,843	126,600	121,316	103,632	75,748	55,900	39,300	21,900	1,497
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	-
Other Operating Expenses	99,833	330,732	1,069,784	1,251,216	979,072	650,749	59,242	45,492	41,395	29,145	25,973	24,700	67,057	70,943	18,768	14,175	12,408	77,038	15,089	58,467	50,241	32,200	18,504	24,326	18,206	11,000	7,600	500	8,203
Preferred Stock And Other Adjustments	0	0	27,964	21,377	8,200	8,200	9,778	14,513	10,869	6,323	8,395	9,093	0	19,643	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	79,935	44,124	48,614	96,369	88,362	67,665	63,107	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	65,075	59,418	47,275	36,296	48,595	41,140	30,830	24,776	21,852	13,571	11,051	9,438	8,380	6,315	5,369	5,351	5,318	5,074	4,970	3,403	2,215	2,302	1,604	1,309	1,402	1,600	1,300	1,100	-
Selling General Administrative	34,758	724,746	718,699	651,080	555,619	497,286	446,309	421,223	389,918	347,674	321,522	302,011	266,496	249,149	208,077	150,687	145,529	137,008	118,071	94,049	74,775	63,442	35,628	28,119	20,808	18,900	14,200	11,600	-
Tax Provision	231,048	190,873	171,645	96,791	124,404	116,967	132,315	124,979	95,016	95,033	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	99,833	192,266	-1,069,784	-1,251,216	-979,072	-650,749	58,665	45,187	40,149	29,145	25,973	24,700	25,254	22,709	18,768	14,175	12,408	77,038	-15,089	-58,467	-50,241	-32,200	18,504	24,326	18,206	11,000	7,600	-500	-8,203
Total Other Income Expense Net	791,783	576,041	584,105	342,177	433,060	-205,907	360,351	315,413	249,037	-100,117	-101,635	-127,857	-160,460	-192,697	-215,738	-270,156	-350,007	-309,059	-190,277	-103,922	-83,499	-84,105	-92,187	-87,184	-61,597	-51,200	-38,300	-24,200	-495
Total Revenue	2,893,114	1,956,005	1,707,580	1,640,997	1,459,173	1,316,789	1,147,404	1,038,874	908,898	807,434	767,946	733,965	651,075	607,996	470,415	339,392	335,255	336,262	310,316	243,276	193,084	158,800	102,812	79,306	57,542	44,900	31,700	22,400	9,700

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Cost Of Revenue	102,231	-187,539	0	0	138,466	0	0	0	5	7	10	-91	4	2	5	8	0	0	0	5	-34	68,441	50,920	-1,100	89	39,596	35,663	163	216	33,084	30,923	28,756	1,246	28,161	27,831	24,545	25,129	24,870	24,030	19,200	22,124	30,500	36,204	37,287	10,614	44,425	48,112	47,991	51,787	65,831	65,926	63,510	70,080	69,949	86,231	75,675	88,498	145,107	78,295	71,770	77,529	90,018	77,061	82,989	92,496	92,823	90,123	89,444	90,167	85,663	75,617	64,669	58,646	53,579	46,088	38,640	32,836	27,543	25,031	24,810	23,943	23,490	23,789	23,276	25,037	24,634	22,604	22,151	23,059	25,499	25,639	26,144	26,634	24,575	21,448	19,582	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Depreciation And Amortization	12,050	13,428	11,315	11,068	11,514	10,940	10,353	11,317	11,958	11,890	11,988	12,778	12,572	12,126	12,112	12,123	12,783	11,835	11,725	11,261	9,869	8,533	7,937	7,537	8,043	7,862	6,803	5,800	5,377	4,690	4,633	3,348	1,324	1,350	934	1,013	1,171	1,202	1,156	1,163	1,189	1,154	1,164	1,120	1,108	1,078	1,089	1,049	1,715	970	704	689	1,015	701	674	645	3,205	677	676	6,768	5,216	5,212	4,291	5,847	4,619	5,419	5,231	4,741	5,068	4,507	4,168	3,879	3,775	3,435	5,324	4,217	3,420	2,898	2,925	2,821	2,952	3,183	2,091	2,795	2,757	2,996	2,723	2,557	2,557	1,717	1,371	1,859	1,992	1,863	2,832	1,707	1,556	300	900	1,000	700	800	400	700	300	500	500	400	1,100	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,112	435	211,430	-9,833	319,102	135,970	176,133	215,847	183,498	196,717	198,075	263,216	195,797	204,535	109,038	180,960	215,275	234,057	201,185	200,565	183,058	188,602	175,634	152,535	137,076	144,642	137,436	119,834	121,540	115,379	110,818	109,481	87,060	89,848	95,459	88,383	87,792	91,504	87,002	80,250	80,026	83,501	83,000	79,548	82,151	81,354	71,556	72,928	64,944	92,463	60,497	69,936	63,428	81,953	70,684	77,144	92,997	113,784	68,572	67,071	65,800	61,371	84,282	89,344	109,902	102,330	111,110	110,489	111,722	106,795	101,759	93,026	84,045	78,432	71,728	61,023	53,627	47,101	43,464	40,619	38,236	36,168	35,009	33,430	33,930	33,054	29,920	29,121	7,960	31,191	30,235	30,769	30,861	23,968	25,466	23,337	21,948	19,700	17,800	16,300	15,200	15,400	12,900	12,300	11,700	10,900	9,000	7,600	0	-	-	-
Ebitda	14,162	13,863	222,745	1,235	330,616	146,910	186,486	227,164	195,456	208,607	210,063	275,994	208,369	216,661	121,150	193,083	228,058	245,892	212,910	211,826	192,927	197,135	183,571	160,072	145,119	152,504	144,239	125,634	126,917	120,069	115,451	112,829	88,384	91,198	96,393	89,396	88,963	92,706	88,158	81,413	81,215	84,655	84,164	80,668	83,259	82,432	72,645	73,977	66,659	93,433	61,201	70,625	64,443	82,654	71,358	77,789	96,202	114,461	69,248	73,839	71,016	66,583	88,573	95,191	114,521	107,749	116,341	115,230	116,790	111,302	105,927	96,905	87,820	81,867	77,052	65,240	57,047	49,999	46,389	43,440	41,188	39,351	37,100	36,225	36,687	36,050	32,643	31,678	0	32,908	31,606	32,628	32,853	25,831	28,298	25,044	23,504	20,000	18,700	17,300	15,900	16,200	13,300	13,000	12,000	11,400	9,500	8,000	-300	-300	-200	-200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,209	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	793,848	762,400	560,624	639,690	550,477	502,703	76	461,086	428,882	423,086	404,074	446,016	416,994	425,751	424,417	373,816	373,382	379,255	363,611	342,920	328,651	346,434	332,229	308,409	298,591	294,729	293,348	260,084	275,389	269,878	258,745	234,646	230,301	229,803	232,502	215,046	209,906	208,001	201,649	187,878	187,230	195,167	198,691	186,859	186,322	195,520	179,205	172,918	127,756	185,657	145,358	150,501	108,903	157,636	154,750	138,472	12,914	238,343	117,949	101,209	78,091	82,595	92,408	86,298	87,023	77,724	86,105	84,403	80,947	83,891	85,535	85,889	78,448	81,432	77,213	73,223	69,329	60,538	58,215	55,194	50,969	50,335	47,433	44,347	44,320	41,372	38,188	27,049	94,912	26,231	25,406	24,126	21,674	20,133	19,353	18,146	16,542	14,200	13,700	13,100	12,400	11,900	10,900	9,700	8,700	8,400	7,700	6,900	0	-	-	-
Income Before Tax	165,243	224,858	211,430	243,550	195,173	200,041	131,661	173,680	137,045	149,742	144,150	206,859	134,711	137,284	30,703	87,083	116,682	134,601	110,173	118,645	107,662	122,814	121,591	108,066	95,785	104,248	101,946	88,018	88,332	85,054	79,971	78,497	56,408	62,197	70,126	63,035	61,802	65,258	63,031	56,340	57,822	58,082	56,250	52,286	48,871	52,173	41,329	37,759	31,974	50,046	18,965	27,048	22,142	32,385	20,790	25,490	43,102	54,587	10,041	9,774	2,727	-4,518	17,522	14,910	23,623	13,872	23,477	22,852	23,447	23,017	27,885	29,893	26,330	28,029	26,903	23,688	22,069	20,815	19,631	18,373	16,890	15,587	14,072	12,795	11,879	10,924	9,799	7,960	7,960	7,792	6,860	6,517	5,611	700	5,241	4,896	4,251	3,800	3,300	2,800	1,500	2,300	400	400	200	500	400	-200	0	-	-	-
Income Tax Expense	41,763	60,660	56,680	63,352	50,356	57,080	37,148	46,289	38,288	40,605	39,041	53,711	33,507	29,969	9,044	24,271	30,718	35,480	28,707	29,499	28,005	30,866	32,011	26,085	27,004	38,622	37,049	29,640	33,724	31,939	29,930	29,386	20,896	23,842	26,295	23,983	23,669	25,034	24,490	21,840	22,534	22,519	21,943	20,234	18,782	19,871	15,734	14,549	12,753	19,844	7,215	10,646	7,938	12,287	7,781	9,473	14,935	22,592	3,492	3,416	772	-2,070	6,246	5,205	7,980	3,953	8,067	8,171	8,437	8,158	10,274	10,880	9,335	10,192	9,731	8,676	7,898	7,740	7,138	6,779	5,961	5,680	5,053	4,532	3,957	3,640	3,492	2,796	2,796	2,784	2,497	2,359	1,796	-199	1,922	1,774	1,424	1,300	1,000	1,000	-500	100	-600	-600	-1,400	-800	-700	-900	300	300	200	200
Interest Expense	38,484	300,042	249,639	181,695	123,929	65,030	34,164	28,958	32,003	34,961	39,989	43,574	48,584	55,220	66,685	82,624	87,852	89,775	80,612	71,984	66,508	57,399	45,877	36,123	32,741	31,700	26,772	23,179	24,235	23,513	21,794	20,722	20,281	19,839	18,349	18,466	18,996	19,006	17,370	17,320	18,274	19,386	20,822	21,600	23,867	25,626	27,421	30,591	32,970	36,541	36,739	38,166	41,286	44,421	44,934	46,631	49,895	53,914	54,632	57,297	63,073	65,889	66,760	74,434	86,279	88,458	87,633	87,637	88,275	83,778	73,874	63,133	57,715	50,403	44,825	37,335	31,558	26,286	23,833	22,246	21,346	20,581	20,937	20,635	22,051	22,130	20,121	21,161	21,161	23,399	23,375	24,506	25,250	23,268	20,225	18,441	17,697	15,900	14,500	13,500	13,700	13,100	12,500	11,900	11,500	10,400	8,600	7,800	0	-	-	-
Interest Income	793,848	762,400	697,176	639,690	580,745	466,478	371,968	328,252	327,979	322,457	319,579	305,469	307,981	311,156	329,816	344,067	349,731	354,627	346,814	333,970	320,596	304,962	284,047	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income	123,480	164,198	154,750	180,198	144,817	142,961	94,513	127,391	98,757	109,137	105,109	153,148	101,204	107,315	21,659	62,812	85,964	99,121	81,466	89,146	79,657	91,948	89,580	81,981	68,781	65,626	64,897	58,378	54,608	53,115	50,041	49,111	35,512	38,355	43,831	39,052	38,133	40,224	38,541	34,500	35,288	35,563	34,307	32,052	30,089	32,302	25,595	23,210	19,221	30,202	11,750	16,402	14,204	20,098	13,009	16,017	28,167	31,995	6,549	6,358	1,955	-2,448	11,276	9,705	15,643	9,919	15,410	14,681	15,010	14,859	17,611	19,013	16,995	17,837	17,172	15,012	14,171	13,075	12,493	11,594	10,929	9,907	9,019	8,263	7,922	7,284	6,307	5,164	5,164	5,008	4,363	3,904	3,815	899	3,319	3,122	2,827	2,500	2,300	1,800	2,000	2,200	1,000	1,000	1,600	1,300	1,100	700	-300	-300	-200	-200
Net Income Applicable To Common Shares	0	157,207	147,759	173,207	137,826	135,970	87,522	120,400	91,766	102,146	98,118	146,157	94,213	97,029	19,609	60,762	83,914	97,071	79,416	87,096	77,607	89,898	87,530	79,931	66,731	63,576	62,847	54,750	50,979	49,487	46,413	45,483	31,882	34,276	42,251	37,471	36,553	38,643	36,960	32,919	33,707	33,982	31,690	29,436	27,473	29,686	22,980	21,964	18,189	29,170	10,717	15,371	17,170	15,155	8,066	11,074	23,279	27,327	1,549	1,358	423	-11,276	11,276	9,705	15,643	9,919	15,410	14,681	15,010	14,859	17,611	19,013	18,656	19,708	12,979	15,673	14,171	13,076	12,493	11,594	10,929	9,907	9,019	8,263	7,922	7,284	6,307	6,362	5,164	5,008	4,363	4,158	3,815	899	3,319	3,122	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income From Continuing Ops	123,480	164,198	154,750	180,198	144,817	142,961	94,513	127,391	98,757	109,137	105,109	153,148	101,204	107,315	21,659	62,812	334,772	99,121	81,466	89,146	313,591	91,948	89,580	81,981	333,411	65,626	64,897	58,378	54,608	53,115	50,041	49,111	225,543	38,355	43,831	39,052	228,199	40,224	38,541	34,500	35,288	35,563	34,307	32,052	0	0	0	0	0	30,202	11,750	16,402	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	469,974	462,358	447,537	457,995	456,816	401,448	337,804	299,294	295,976	287,496	279,590	261,895	259,397	255,936	263,131	261,443	261,879	264,852	266,202	261,986	254,088	247,563	238,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	-	-	-
Operating Income	14,162	13,863	211,430	-9,833	319,102	135,970	176,133	215,847	169,048	12,807	12,240	14,440	195,797	11,717	11,785	11,984	215,275	12,025	11,733	10,796	183,058	9,132	8,746	9,691	137,076	8,461	6,805	5,782	121,540	4,459	4,005	2,806	87,060	89,848	95,459	88,383	87,792	91,504	87,002	80,250	80,026	83,501	83,000	79,548	82,151	81,354	71,556	72,928	64,944	92,463	60,497	69,936	63,428	81,953	70,684	77,144	92,997	113,784	68,572	67,071	65,800	61,371	84,282	89,344	109,902	102,330	111,110	110,489	111,722	106,795	101,759	93,026	84,045	78,432	71,728	61,023	53,627	47,101	43,464	40,619	38,236	36,168	35,009	33,430	33,930	33,054	29,920	29,121	10,775	31,191	30,235	30,769	30,861	23,968	25,466	23,337	21,948	19,700	17,800	16,300	15,200	15,400	12,900	12,300	11,700	10,900	9,000	7,600	-300	-300	-200	-200
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Operating Expenses	730,993	27,056	349,194	20,109	330,732	24,144	24,491	20,325	76,774	20,502	18,619	16,042	499,390	14,370	15,396	17,591	444,408	21,412	19,073	15,419	402,891	21,034	18,266	14,373	347,335	16,358	16,236	9,973	329,631	12,873	12,360	7,838	304,946	10,337	11,480	8,571	267,133	7,563	7,604	6,270	25,973	6,150	6,913	5,261	35,314	7,181	6,026	5,610	25,254	7,204	5,973	5,160	22,709	6,205	5,427	4,421	18,768	5,577	4,291	3,978	14,175	3,538	3,595	3,067	109,339	3,272	3,198	2,681	30,775	3,188	2,931	2,556	5,597	2,608	2,721	2,463	15,702	2,074	2,041	1,692	12,733	1,463	12,424	10,917	10,390	8,318	8,268	2,072	0	4,960	4,829	6,643	9,187	3,835	6,113	5,191	5,406	5,500	4,100	3,200	2,800	3,500	2,000	2,600	3,000	2,500	1,300	700	300	300	200	200
Preferred Stock And Other Adjustments	0	0	6,991	6,991	0	6,991	6,991	6,991	6,991	6,991	6,991	6,991	6,991	10,286	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	3,628	3,629	3,628	3,628	3,628	3,629	4,079	1,580	1,581	1,580	1,581	1,581	1,581	1,581	1,581	2,617	2,616	0	0	0	0	0	1,032	1,033	1,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,173	13,428	11,315	11,068	11,514	10,940	10,353	11,317	11,958	11,890	11,988	12,778	25,074	24,157	23,762	23,376	23,524	21,516	22,125	21,197	18,757	16,922	16,103	15,883	16,593	16,556	15,521	14,437	14,350	11,502	13,686	13,610	11,696	9,162	7,918	7,895	8,165	8,442	7,757	7,753	5,119	7,187	7,092	6,782	10,521	4,633	3,895	5,627	1,715	6,846	5,497	5,411	1,015	5,848	5,634	5,668	3,205	5,960	4,575	6,768	5,216	5,212	4,291	5,847	4,619	5,419	5,231	4,741	5,068	4,507	4,168	3,879	3,775	3,435	5,324	4,217	3,420	2,898	2,925	2,821	2,952	3,183	2,091	2,795	2,757	2,996	2,723	2,557	2,557	1,717	1,371	1,859	1,992	1,863	2,832	1,707	1,556	300	900	1,000	700	800	400	700	300	500	500	400	1,100	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling And Marketing Expenses	17,166	18,169	17,794	11,946	14,279	16,600	16,615	11,924	13,981	13,443	11,305	8,546	9,850	7,880	7,704	10,862	12,517	13,375	12,845	9,858	9,414	11,120	11,782	8,824	7,382	9,572	8,726	5,150	6,691	7,365	6,941	3,779	5,307	6,236	6,406	3,902	3,669	3,528	3,558	2,816	3,517	2,772	2,722	2,040	2,725	2,528	2,179	2,006	3,207	2,119	1,440	1,614	1,881	1,650	1,470	1,314	1,366	1,488	1,420	1,095	1,642	1,343	1,368	999	1,212	1,515	1,513	1,078	1,356	1,349	1,249	1,120	1,544	1,216	1,216	994	1,027	785	866	724	570	602	504	539	649	596	533	460	460	411	426	307	411	327	322	249	402	300	400	400	500	400	300	0	0	0	0	0	0	-	-	-
Selling General Administrative	8,768	202,086	193,931	184,450	187,106	183,281	174,275	180,084	174,448	177,662	179,222	187,367	178,132	170,814	161,237	140,897	147,289	141,172	137,859	129,299	126,155	128,060	126,273	116,798	122,333	110,128	110,376	103,472	109,132	107,404	104,934	99,424	100,290	99,058	97,468	93,102	90,443	89,187	85,159	82,885	77,085	81,252	82,228	80,957	79,179	82,932	75,456	76,005	59,482	68,799	59,507	64,140	52,636	65,547	54,318	52,479	59,576	51,314	49,231	47,956	41,216	35,823	36,976	36,672	40,296	34,256	35,060	35,917	35,596	34,583	33,351	33,478	29,885	29,542	29,181	29,463	27,208	23,768	22,294	20,779	19,102	19,958	18,265	17,450	17,817	16,863	15,400	9,384	9,384	9,031	8,735	8,478	7,852	7,139	6,793	6,335	5,508	5,000	5,200	5,100	4,500	4,600	5,500	0	0	0	0	0	0	-	-	-
Tax Provision	41,763	60,660	56,680	63,352	50,356	57,080	37,148	46,289	38,288	40,605	39,041	53,711	33,507	29,969	9,044	24,271	30,718	35,480	28,707	29,499	29,214	30,866	32,011	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	113,665	27,056	-349,194	20,109	192,266	24,144	24,491	20,325	76,769	20,495	18,609	16,133	-499,394	14,368	15,391	17,583	-444,408	21,412	19,073	15,414	-402,857	21,034	18,266	15,473	-347,424	16,358	16,236	9,810	-329,847	12,873	12,360	7,838	-306,192	10,337	11,480	8,571	-267,133	7,563	7,604	6,270	25,973	6,150	6,913	5,261	24,700	7,181	6,026	5,610	25,254	7,204	5,973	5,160	22,709	6,205	5,427	4,421	18,768	5,577	4,291	3,978	14,175	3,538	3,595	3,067	-109,339	3,272	3,198	2,681	30,775	3,188	2,931	2,556	5,597	2,608	2,721	2,463	-15,702	2,074	2,041	1,692	-12,733	1,463	-12,424	-10,917	-10,390	-8,318	-8,268	2,072	0	4,960	4,829	6,643	9,187	3,835	6,113	5,191	5,406	5,500	4,100	3,200	2,800	3,500	2,000	2,600	3,000	2,500	1,300	700	-300	-300	-200	-200
Total Other Income Expense Net	165,243	210,995	199,203	253,383	-123,929	64,071	-44,472	-42,167	-32,003	136,935	131,910	192,419	-61,086	125,567	18,918	75,099	-98,593	122,576	98,440	107,849	-75,396	113,682	112,845	98,375	-41,291	95,787	95,141	82,236	-33,208	80,595	75,966	75,691	-30,652	-27,651	-25,333	-25,348	-25,990	-26,246	-23,971	-23,910	-22,204	-25,419	-26,750	-27,262	-33,280	-29,181	-30,227	-35,169	-32,970	-42,417	-41,532	-42,888	-41,286	-49,568	-49,894	-51,654	-49,895	-59,197	-58,531	-57,297	-63,073	-65,889	-66,760	-74,434	-86,279	-88,458	-87,633	-87,637	-88,275	-83,778	-73,874	-63,133	-57,715	-50,403	-44,825	-37,335	-31,558	-26,286	-23,833	-22,246	-21,346	-20,581	-20,937	-20,635	-22,051	-22,130	-20,121	-21,161	0	-23,399	-23,375	-24,252	-25,250	-23,268	-20,225	-18,441	-17,697	-15,900	-14,500	-13,500	-13,700	-13,100	-12,500	-11,900	-11,500	-10,400	-8,600	-7,800	0	-	-	-
Total Revenue	896,079	574,861	560,624	639,690	550,477	502,703	76	461,086	428,887	423,093	404,084	446,016	416,998	425,753	424,422	373,824	373,382	379,255	363,611	342,925	328,617	346,434	332,229	308,409	298,680	294,729	293,348	260,247	275,605	269,878	258,745	234,646	231,547	229,803	232,502	215,046	209,906	208,001	201,649	187,878	187,230	195,167	198,691	186,859	196,936	195,520	179,205	172,918	127,756	185,657	145,358	150,501	108,903	157,636	154,750	138,472	12,914	238,343	117,949	101,209	78,091	82,595	92,408	86,298	87,023	77,724	86,105	84,403	80,947	83,891	85,535	85,889	78,448	81,432	77,213	73,223	69,329	60,538	58,215	55,194	50,969	50,335	47,433	44,347	44,320	41,372	38,188	27,049	27,049	26,231	25,406	24,126	21,674	20,133	19,353	18,146	16,542	14,200	13,700	13,100	12,400	11,900	10,900	9,700	8,700	8,400	7,700	6,900	0	-	-	-

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

Gross Profit (+$)
totalRevenue	2,893,114
Cost of Revenue	-434,450
Gross Profit	2,893,114	2,458,664

Operating Income (+$)
Gross Profit	2,893,114
Operating Expense	-99,833
Operating Income	53,298	2,793,281

Operating Expense (+$)
Research Development	0
Selling General Administrative	34,758
Selling And Marketing Expenses	65,075
Operating Expense	99,833	99,833

Net Interest Income (+$)
Interest Income	2,680,011
Interest Expense	-1,055,250
Other Finance Cost	-199,945
Net Interest Income	1,824,706

Pretax Income (+$)
Operating Income	53,298
Net Interest Income	1,824,706
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	845,081	-738,485 EBIT - interestExpense = -1,001,952 845,081 1,677,876
Interest Expense	1,055,250
Earnings Before Interest and Taxes (EBIT)	53,298	1,900,331
Earnings Before Interest and Taxes (EBITDA)	53,298

After tax Income (+$)
Income Before Tax	845,081
Tax Provision	-231,048
Net Income From Continuing Ops	643,963	614,033
Net Income	622,626
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	99,833
Total Other Income/Expenses Net	791,783	-1,824,706

Technical Analysis of Wintrust
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 Wintrust. The general trend of Wintrust is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Wintrust's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (85.7%)		Bearish trend (-85.7%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Wintrust Financial Corporation.

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: 105.29.

The bearish price targets are: 93.38 > 93.23 > 91.30.

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Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current macd is -0.31681021.

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

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current adx is 14.22.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Wintrust shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current sar is 93.36.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current rsi is 55.34. The current phase is Continuation in bull market.

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

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing 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.

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 Wintrust price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current cci is 14.07.

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current cmo is 18.33.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current willr is -31.58436214.

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 Wintrust is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Wintrust Financial Corporation 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 Wintrust Financial Corporation.

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current atr is 2.27053892.

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current obv is 1,194,933.

Wintrust Financial Corporation 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 Wintrust Financial Corporation. The current mfi is 64.17.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Wintrust Financial Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Wintrust Financial Corporation.

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

6.3. Candlestick Patterns

Wintrust Financial Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Wintrust Financial Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.339
Ma 20	Greater than	Ma 50	99.420
Ma 50	Greater than	Ma 100	98.138
Ma 100	Greater than	Ma 200	95.815
Open	Greater than	Close	99.220
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Wintrust Financial Corporation Buy, Hold or Sell?

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Quick analysis of Wintrust (30 sec.)

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

$99.88

$86.53

$78.17 - $446.34

$164.69 - $532.86

2. Growth of Wintrust (5 min.)

Is Wintrust growing?

How much money is Wintrust making?

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

3. Financial Health of Wintrust (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Wintrust

About Wintrust Financial Corporation

Financial Health

Valuation

1.1. Profitability of Wintrust Financial Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Wintrust Financial Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Wintrust Financial Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Wintrust Financial Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Wintrust Financial Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Wintrust Financial Corporation
Buy, Hold or Sell?