Zebra Technologies Corporation
Buy, Hold or Sell?

Let's analyse Zebra together

Penke I guess you are interested in Zebra Technologies 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 Zebra Technologies 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 Zebra (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

2.5%

What is your share worth?

Current worth

$61.19

Expected worth in 1 year

$66.51

How sure are you?

67.5%

+ What do you gain per year?

Total Gains per Share

$5.32

Return On Investment

1.7%

For what price can you sell your share?

Current Price per Share

$315.80

Expected price per share

$260.75 - $340.84

How sure are you?

50%

1. Valuation of Zebra (5 min.)

Live pricePrice per Share (EOD)

$315.80

Book Value per Share

$61.19

Intrinsic Value Per Share

$-27.01 - $93.85

Total Value Per Share

$34.18 - $155.04

My calculation of the intrinsic value of Zebra 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: ($2.12) 3Y: ($1.92) TTM: ($0.54)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.03) 3Y: ($-0.15) TTM: ($0.37)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.96	$8.64	$5.26 - $8.99
2	$9.38	$17.49	$2.83 - $9.47
3	$10.51	$26.54	$0.40 - $9.96
4	$9.62	$35.77	$-2.03 - $10.45
5	$6.92	$45.15	$-4.46 - $10.94
6	$2.62	$54.67	$-6.89 - $11.43
7	$-3.09	$64.32	$-9.32 - $11.92
8	$-10.03	$74.07	$-11.75 - $12.41
9	$-18.05	$83.92	$-14.18 - $12.89
10	$-27.01	$93.85	$-16.61 - $13.38

2. Growth of Zebra (5 min.)

Is Zebra growing?

	Current year	Previous year	Grow	Grow %
How rich?	$3.1b	$2.6b	$354m	11.6%

How much money is Zebra making?

	Current year	Previous year	Grow	Grow %
Making money	$65.2m	$102m	-$36.7m	-56.3%
Net Profit Margin	5.4%	7.2%	-	-

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

Quarterly Yearly

3. Financial Health of Zebra (5 min.)

4. Comparing to competitors in the Communication Equipment industry (5 min.)

Industry Rankings (Communication Equipment)

Richest
#15 / 342

Most Revenue
#26 / 342

Most Profit
#23 / 342

Most Efficient
#106 / 342

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

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

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

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

Speculation

The Price per Share of Zebra is $315.80. 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 Zebra.
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 Zebra, 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 $61.19. Based on the TTM, the Book Value Change Per Share is $1.33 per quarter. Based on the YOY, the Book Value Change Per Share is $0.37 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 $0.00 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	2.22	0.7%	1.26	0.4%	1.96	0.6%	2.47	0.8%	1.34	0.4%
Usd Book Value Change Per Share	2.45	0.8%	1.33	0.4%	0.37	0.1%	1.71	0.5%	1.04	0.3%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.07	0.0%	0.03	0.0%
Usd Total Gains Per Share	2.45	0.8%	1.33	0.4%	0.37	0.1%	1.78	0.6%	1.07	0.3%
Usd Price Per Share	301.44	-	276.78	-	282.59	-	326.21	-	215.24	-
Price to Earnings Ratio	33.94	-	16.39	-	6.58	-	21.95	-	24.08	-
Price-to-Total Gains Ratio	122.98	-	632.48	-	74.71	-	176.55	-	-44.37	-
Price to Book Ratio	4.93	-	4.68	-	5.45	-	7.11	-	6.33	-
Price-to-Total Gains Ratio	122.98	-	632.48	-	74.71	-	176.55	-	-44.37	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	315.8
Number of shares	3

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.07
Usd Book Value Change Per Share	1.33	1.71
Usd Total Gains Per Share	1.33	1.78
Gains per Quarter (3 shares)	3.99	5.33
Gains per Year (3 shares)	15.97	21.32

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	0	16	6	1	20	11
2	0	32	22	2	41	32
3	0	48	38	3	61	53
4	0	64	54	3	82	74
5	0	80	70	4	102	95
6	0	96	86	5	123	116
7	0	112	102	6	143	137
8	0	128	118	7	164	158
9	0	144	134	8	184	179
10	0	160	150	8	205	200

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	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	29.0	11.0	0.0	72.5%	114.0	13.0	0.0	89.8%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	27.0	13.0	0.0	67.5%	100.0	27.0	0.0	78.7%
Dividend per Share	0.0	0.0	4.0	0.0%	0.0	0.0	12.0	0.0%	1.0	0.0	19.0	5.0%	1.0	0.0	39.0	2.5%	3.0	0.0	124.0	2.4%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	27.0	13.0	0.0	67.5%	100.0	27.0	0.0	78.7%

Fundamentals of Zebra

About Zebra Technologies Corporation

https://www.zebra.com
Communication Equipment
9750
3 Overlook Point, Lincolnshire, IL, United States, 60069
Google Maps Bing Maps

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution. It also provides various maintenance, technical support, repair, and managed and professional services; fixed readers, RFID enabled mobile computers, and RFID sleds; tags, sensors, exciters, middleware software, and application software; and physical inventory management solutions, and rugged and enterprise-grade mobile computing products and accessories, as well as real-time location systems and services. In addition, the company offers barcode scanners and imagers, RFID readers, industrial machine vision cameras, and fixed industrial scanners; workforce management, workflow execution and task management, and prescriptive analytics, as well as communications and collaboration solutions; and cloud-based software subscriptions, retail, and robotics automation solutions. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force, and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.

Fundamental data was last updated by Penke on 2024-05-04 13:19:04.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Zebra Technologies Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Zebra to the Communication Equipment industry mean.
A Net Profit Margin of 9.8% means that $0.10 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Zebra Technologies Corporation:

The MRQ is 9.8%. The company is making a profit. +1
The TTM is 5.4%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	9.8%	TTM	5.4%	+4.4%
TTM	5.4%	YOY	7.2%	-1.7%
TTM	5.4%	5Y	10.3%	-4.9%
5Y	10.3%	10Y	5.9%	+4.4%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	9.8%	1.3%	+8.5%
TTM	5.4%	1.1%	+4.3%
YOY	7.2%	3.0%	+4.2%
5Y	10.3%	0.9%	+9.4%
10Y	5.9%	1.4%	+4.5%

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

Revenue is the amount of profit Zebra 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 Zebra 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 Zebra to the Communication Equipment industry mean.
Can be used to compare companies within the Communication Equipment industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Zebra. If profit margins remain low (compared to the Communication Equipment 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 Zebra is 0.10. This means that Zebra earned $0.10 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 Communication Equipment industry is 1.3%.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra with other companies in the same industry (Communication Equipment).
Net profit margin should rise over the years.
Can be influenced when Zebra sells assets (profit will increase while costs remain the same).
It won’t show what part of Zebra 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 Zebra

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 Zebra = 115,000
Total revenue MRQ Zebra = 1,174,000
$115,000 / $1,174,000 = 0.10 or 9.8%

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 Zebra is using its assets to generate profit.

Above 5% is considered healthy but always compare Zebra to the Communication Equipment industry mean.
1.6% Return on Assets means that Zebra generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Zebra Technologies Corporation:

The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.6%	TTM	0.9%	+0.7%
TTM	0.9%	YOY	1.4%	-0.5%
TTM	0.9%	5Y	2.3%	-1.4%
5Y	2.3%	10Y	1.4%	+0.9%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	1.6%	0.2%	+1.4%
TTM	0.9%	0.4%	+0.5%
YOY	1.4%	0.8%	+0.6%
5Y	2.3%	0.4%	+1.9%
10Y	1.4%	0.5%	+0.9%

Shows how efficient Zebra 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 Zebra to the Communication Equipment 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 Zebra is using its resources to generate profit. If the return on assets (1.6%) from Zebra are higher than the Communication Equipment mean (0.2%) that means Zebra 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 Zebra is 1.6%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Communication Equipment industry is 0.2%.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

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

Income statement
Balance sheet

Net income MRQ (income statement) from Zebra = 115,000
Total assets MRQ (balance sheet) from Zebra = 7,259,000
115,000 / 7,259,000 = 0.02 or 1.6%

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

Above 15%-20% is considered healthy but always compare Zebra to the Communication Equipment industry mean.
3.6% Return on Equity means Zebra generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Zebra Technologies Corporation:

The MRQ is 3.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.6%	TTM	2.1%	+1.5%
TTM	2.1%	YOY	3.6%	-1.5%
TTM	2.1%	5Y	5.6%	-3.5%
5Y	5.6%	10Y	3.1%	+2.5%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	3.6%	0.8%	+2.8%
TTM	2.1%	0.8%	+1.3%
YOY	3.6%	1.7%	+1.9%
5Y	5.6%	0.7%	+4.9%
10Y	3.1%	1.2%	+1.9%

Shows how efficient Zebra 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 Zebra to the Communication Equipment 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 Communication Equipment 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 Zebra is 3.6%. This means Zebra generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Communication Equipment industry is 0.8%.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra up to 10 years back (depending if Zebra 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 Zebra

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Zebra = 115,000
Shareholders equity (balance sheet) MRQ Zebra = 3,169,000
115,000 / 3,169,000 = 0.04 or 3.6%

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 Zebra Technologies Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Zebra is operating .

Measures how much profit Zebra 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 Zebra to the Communication Equipment industry mean.
An Operating Margin of 14.4% means the company generated $0.14 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Zebra Technologies Corporation:

The MRQ is 14.4%. The company is operating less efficient.
The TTM is 13.3%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	14.4%	TTM	13.3%	+1.1%
TTM	13.3%	YOY	10.1%	+3.2%
TTM	13.3%	5Y	14.7%	-1.4%
5Y	14.7%	10Y	13.3%	+1.4%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	14.4%	2.3%	+12.1%
TTM	13.3%	1.0%	+12.3%
YOY	10.1%	3.5%	+6.6%
5Y	14.7%	2.6%	+12.1%
10Y	13.3%	2.1%	+11.2%

Measures how efficient Zebra 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 Zebra to the Communication Equipment 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 Zebra 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 Zebra is 14.4%. This means that Zebra earned $0.14 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Communication Equipment industry is 2.3%.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Zebra = 169,000
Total revenue MRQ Zebra = 1,174,000
$169,000 / $1,174,000 = 0.14 or 14.4%

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 Zebra is keeping operating costs low.

Below 1 is considered healthy (always compare to Communication Equipment industry mean).
An Operation Ratio of 0.86 means that the operating costs are $0.86 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Zebra Technologies Corporation:

The MRQ is 0.856. The company is less efficient in keeping operating costs low.
The TTM is 0.886. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.856	TTM	0.886	-0.030
TTM	0.886	YOY	0.901	-0.015
TTM	0.886	5Y	0.860	+0.026
5Y	0.860	10Y	0.876	-0.016

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.856	1.567	-0.711
TTM	0.886	1.543	-0.657
YOY	0.901	1.526	-0.625
5Y	0.860	1.524	-0.664
10Y	0.876	1.315	-0.439

Measures how efficient Zebra 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 Zebra to the Communication Equipment 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 Zebra is 85.6%. This means that Zebra earned $0.86 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 Communication Equipment industry is 1.57.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

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
(638,000 +367,000) \ 1,174,000 = 0.86

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 Zebra Technologies Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
A Current Ratio of 0.99 means the company has $0.99 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Zebra Technologies Corporation:

The MRQ is 0.990. The company is just not able to pay all its short-term debts. -1
The TTM is 1.021. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	0.990	TTM	1.021	-0.031
TTM	1.021	YOY	0.860	+0.161
TTM	1.021	5Y	0.897	+0.124
5Y	0.897	10Y	1.366	-0.469

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.990	1.901	-0.911
TTM	1.021	1.898	-0.877
YOY	0.860	1.876	-1.016
5Y	0.897	1.960	-1.063
10Y	1.366	1.852	-0.486

Measures if Zebra 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 Communication Equipment 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 Zebra 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 Zebra is 0.99. This means Zebra has $0.99 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Communication Equipment industry is 1.90.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,627,000 \ 1,643,000) = 0.99

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

Above 1 is considered healthy but always compare Zebra to the Communication Equipment industry mean.
A Quick Ratio of 0.50 means the company can pay off $0.50 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Zebra Technologies Corporation:

The MRQ is 0.496. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.463. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.496	TTM	0.463	+0.033
TTM	0.463	YOY	0.438	+0.025
TTM	0.463	5Y	0.478	-0.015
5Y	0.478	10Y	1.028	-0.550

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.496	0.785	-0.289
TTM	0.463	0.835	-0.372
YOY	0.438	0.940	-0.502
5Y	0.478	1.015	-0.537
10Y	1.028	1.065	-0.037

1.4. Solvency of Zebra Technologies Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Zebra to Communication Equipment industry mean.
A Debt to Asset Ratio of 0.56 means that Zebra assets are financed with 56.3% credit (debt) and the remaining percentage (100% - 56.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Zebra Technologies Corporation:

The MRQ is 0.563. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.584. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.563	TTM	0.584	-0.020
TTM	0.584	YOY	0.638	-0.054
TTM	0.584	5Y	0.596	-0.012
5Y	0.596	10Y	0.663	-0.067

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.563	0.466	+0.097
TTM	0.584	0.465	+0.119
YOY	0.638	0.468	+0.170
5Y	0.596	0.471	+0.125
10Y	0.663	0.457	+0.206

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Zebra to Communication Equipment 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 Zebra is 0.56. This means means that Zebra is financed with 56.3% 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 Communication Equipment industry is 190.1%.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Zebra

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,090,000 \ 7,259,000 = 56.3% or 0.56.

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

Below 2 is considered healthy but always compare Zebra to the Communication Equipment industry mean.
A Debt to Equity ratio of 129.1% means that company has $1.29 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Zebra Technologies Corporation:

The MRQ is 1.291. The company is able to pay all its debts with equity. +1
The TTM is 1.406. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.291	TTM	1.406	-0.115
TTM	1.406	YOY	1.770	-0.365
TTM	1.406	5Y	1.507	-0.102
5Y	1.507	10Y	2.588	-1.081

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	1.291	0.838	+0.453
TTM	1.406	0.838	+0.568
YOY	1.770	0.876	+0.894
5Y	1.507	0.905	+0.602
10Y	2.588	0.951	+1.637

Measures if Zebra 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 Zebra 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 Zebra is 1.29. This means that Zebra can pay off $1.29 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 0.84.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,090,000 \ 3,169,000 = 1.29 or 129.1%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Zebra Technologies 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 Zebra generates.

Above 15 is considered overpriced but always compare Zebra to the Communication Equipment industry mean.
A PE ratio of 33.94 means the investor is paying $33.94 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Zebra Technologies Corporation:

The EOD is 35.555. Based on the earnings, the company is overpriced. -1
The MRQ is 33.939. Based on the earnings, the company is overpriced. -1
The TTM is 16.388. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	35.555	MRQ	33.939	+1.617
MRQ	33.939	TTM	16.388	+17.551
TTM	16.388	YOY	6.582	+9.806
TTM	16.388	5Y	21.948	-5.560
5Y	21.948	10Y	24.077	-2.129

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	35.555	7.310	+28.245
MRQ	33.939	7.371	+26.568
TTM	16.388	7.673	+8.715
YOY	6.582	11.836	-5.254
5Y	21.948	15.556	+6.392
10Y	24.077	16.956	+7.121

Measures how much money you pay for each share for every $1 in earnings Zebra 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 Zebra to the Communication Equipment 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 Zebra is 33.94. This means the investor is paying $33.94 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 7.37.
What is the trend?
The trend is important because it shows you how Zebra is performing over time. The most recent quarter might be important if Zebra 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 Zebra 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 Zebra

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 \ 51,791 = EPS
PE ratio MRQ = 33.94

* 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 Zebra Technologies Corporation:

The EOD is 36.837. Based on how much money comes from the company's main activities, the company is fair priced.
The MRQ is 35.162. Based on how much money comes from the company's main activities, the company is fair priced.
The TTM is -16.451. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	36.837	MRQ	35.162	+1.675
MRQ	35.162	TTM	-16.451	+51.613
TTM	-16.451	YOY	21.960	-38.411
TTM	-16.451	5Y	20.004	-36.455
5Y	20.004	10Y	17.593	+2.411

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	36.837	1.295	+35.542
MRQ	35.162	1.579	+33.583
TTM	-16.451	0.199	-16.650
YOY	21.960	-0.083	+22.043
5Y	20.004	1.370	+18.634
10Y	17.593	1.932	+15.661

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
A PB ratio of 4.93 means the investor is paying $4.93 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Zebra Technologies Corporation:

The EOD is 5.161. Based on the equity, the company is overpriced. -1
The MRQ is 4.926. Based on the equity, the company is fair priced.
The TTM is 4.682. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	5.161	MRQ	4.926	+0.235
MRQ	4.926	TTM	4.682	+0.244
TTM	4.682	YOY	5.452	-0.770
TTM	4.682	5Y	7.113	-2.431
5Y	7.113	10Y	6.334	+0.780

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	5.161	1.884	+3.277
MRQ	4.926	1.935	+2.991
TTM	4.682	2.045	+2.637
YOY	5.452	1.950	+3.502
5Y	7.113	2.292	+4.821
10Y	6.334	2.646	+3.688

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Zebra Technologies Corporation

Institutions are holding 93.566% of the shares of Zebra Technologies Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.834	0.0363	6082360	22327	0.3684
2023-12-31	BlackRock Inc	9.4141	0.0337	4838607	317993	7.0343
2023-12-31	Apg All Pensions Group	4.2204	1.0469	2169163	309306	16.6306
2023-12-31	State Street Corporation	3.9852	0.0272	2048272	77984	3.958
2023-12-31	Macquarie Group Ltd	2.6688	0.4331	1371695	140006	11.367
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	2.5953	0.9123	1333941	-312360	-18.9734
2023-12-31	Geode Capital Management, LLC	2.2833	0.0335	1173545	25315	2.2047
2023-12-31	Boston Partners Global Investors, Inc	1.9666	0.3658	1010774	522779	107.1279
2023-12-31	Black Creek Investment Management Inc	1.9639	9.0443	1009395	16665	1.6787
2023-12-31	Victory Capital Management Inc.	1.8811	0.278	966855	840169	663.1901
2023-12-31	T. Rowe Price Associates, Inc.	1.8456	0.0348	948585	245050	34.8312
2023-12-31	Morgan Stanley - Brokerage Accounts	1.819	0.0225	934921	493701	111.8945
2023-12-31	UBS Asset Mgmt Americas Inc	1.7854	0.0987	917658	16984	1.8857
2023-12-31	Amvescap Plc.	1.5997	0.0535	822188	111837	15.7439
2023-12-31	Nordea Investment Mgmt Bank Demark A/s	1.5497	0.2765	796522	-38370	-4.5958
2023-12-31	Franklin Resources Inc	1.4396	0.0946	739933	-86916	-10.5117
2023-12-31	JPMorgan Chase & Co	1.4369	0.0194	738553	-50556	-6.4067
2023-12-31	Massachusetts Financial Services Company	1.2385	0.0562	636556	77885	13.9411
2023-12-31	Ameriprise Financial Inc	1.2315	0.0518	632971	-558223	-46.8625
2023-12-31	Northern Trust Corp	0.926	0.0236	475960	-13624	-2.7828
Total		57.6846	12.9427	29648454	+2157952	+7.3%

3.2. Funds holding Zebra Technologies Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-31	Vanguard Total Stock Mkt Idx Inv	3.1471	0.0304	1617518	5708	0.3541
2024-03-31	Vanguard Institutional 500 Index Trust	2.5186	0.0351	1294496	12553	0.9792
2024-03-31	Vanguard Mid Cap Index Institutional	2.1721	0.2019	1116383	-31315	-2.7285
2023-12-31	UBS: Global Equity	2.0087	0.8333	1032429	0	0
2024-02-29	JHancock Disciplined Value Mid Cap I	1.5751	1.0064	809570	13708	1.7224
2024-03-31	Victory Sycamore Established Value R	1.2647	1.0183	650000	80000	14.0351
2024-03-31	SPDR® S&P 500 ETF Trust	1.2044	0.035	619022	-4740	-0.7599
2024-02-29	Fidelity 500 Index	1.1985	0.0334	615984	6199	1.0166
2024-03-31	Ivy Science/Technology Composite	1.1628	3.1109	597676	38796	6.9417
2023-12-31	Delaware Ivy Science and Technology C	1.0874	2.9183	558880	0	0
2024-03-31	T. Rowe Price US Mid-Cap Value Equity	1.0666	1.0876	548197	211122	62.6335
2024-03-31	T. Rowe Price Mid-Cap Value	1.0666	1.0876	548197	211122	62.6335
2024-03-28	iShares Core S&P 500 ETF	1.0364	0.0351	532677	3968	0.7505
2024-03-31	CI Global Leaders Fund D	0.8975	4.1441	461292	0	0
2023-12-31	MFS Mid Cap Value Equity	0.8665	0.7515	445350	58210	15.0359
2024-03-31	MFS Mid Cap Value A	0.8562	0.7687	440069	0	0
2024-03-31	Vanguard Value Index Inv	0.8318	0.0756	427527	-1829	-0.426
2024-02-29	JPMorgan Mid Cap Value L	0.8202	0.8743	421544	0	0
2023-12-31	JPM US Mid Cap Value-Composite	0.8202	0.8759	421544	90724	27.424
2024-03-31	JPM US Mid Cap Value-MA	0.8127	0.9007	417699	416378	31519.9092
Total		26.4141	19.8241	13576054	+1110604	+8.2%

3.3. Insider Transactions

Insiders are holding 0.745% of the shares of Zebra Technologies Corporation.

Date	Owner	Type	Amount	Price
2024-02-23	Colleen M O'sullivan	SELL	135	279.36
2023-11-08	Bill Burns	BUY	1219	205
2023-11-08	Nathan Andrew Winters	BUY	479	209.99
2023-08-10	Frank Blaise Modruson	BUY	1000	254.59
2023-08-07	Bill Burns	BUY	1000	249.4
2023-08-03	Anders Gustafsson	BUY	1000	238.89

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Zebra Technologies 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	-	-	2.451	1.331	+84%	0.374	+556%	1.707	+44%	1.039	+136%
Book Value Per Share	-	-	61.189	59.097	+4%	51.906	+18%	46.660	+31%	32.615	+88%
Current Ratio	-	-	0.990	1.021	-3%	0.860	+15%	0.897	+10%	1.366	-27%
Debt To Asset Ratio	-	-	0.563	0.584	-4%	0.638	-12%	0.596	-6%	0.663	-15%
Debt To Equity Ratio	-	-	1.291	1.406	-8%	1.770	-27%	1.507	-14%	2.588	-50%
Dividend Per Share	-	-	-	-	0%	-	0%	0.070	-100%	0.035	-100%
Eps	-	-	2.220	1.261	+76%	1.965	+13%	2.474	-10%	1.344	+65%
Free Cash Flow Per Share	-	-	2.143	0.540	+297%	1.348	+59%	2.730	-22%	2.124	+1%
Free Cash Flow To Equity Per Share	-	-	-0.251	0.169	-248%	3.951	-106%	2.000	-113%	2.584	-110%
Gross Profit Margin	-	-	-0.287	0.725	-140%	0.689	-142%	0.361	-179%	0.256	-212%
Intrinsic Value_10Y_max	-	-	93.853	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-27.006	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	8.640	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.963	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	26.542	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	10.514	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	45.148	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	6.917	-	-	-	-	-	-	-	-
Market Cap	16238246520.000	+4%	15611728621.440	14299571782.665	+9%	14691582901.405	+6%	17361638975.272	-10%	11440337872.912	+36%
Net Profit Margin	-	-	0.098	0.054	+80%	0.072	+36%	0.103	-5%	0.059	+67%
Operating Margin	-	-	0.144	0.133	+8%	0.101	+43%	0.147	-2%	0.133	+9%
Operating Ratio	-	-	0.856	0.886	-3%	0.901	-5%	0.860	0%	0.876	-2%
Pb Ratio	5.161	+5%	4.926	4.682	+5%	5.452	-10%	7.113	-31%	6.334	-22%
Pe Ratio	35.555	+5%	33.939	16.388	+107%	6.582	+416%	21.948	+55%	24.077	+41%
Price Per Share	315.800	+5%	301.440	276.783	+9%	282.593	+7%	326.207	-8%	215.236	+40%
Price To Free Cash Flow Ratio	36.837	+5%	35.162	-16.451	+147%	21.960	+60%	20.004	+76%	17.593	+100%
Price To Total Gains Ratio	128.841	+5%	122.983	632.478	-81%	74.709	+65%	176.549	-30%	-44.371	+136%
Quick Ratio	-	-	0.496	0.463	+7%	0.438	+13%	0.478	+4%	1.028	-52%
Return On Assets	-	-	0.016	0.009	+79%	0.014	+17%	0.023	-31%	0.014	+14%
Return On Equity	-	-	0.036	0.021	+71%	0.036	+0%	0.056	-36%	0.031	+15%
Total Gains Per Share	-	-	2.451	1.331	+84%	0.374	+556%	1.777	+38%	1.074	+128%
Usd Book Value	-	-	3169000000.000	3052500000.000	+4%	2698500000.000	+17%	2470350000.000	+28%	1723755100.000	+84%
Usd Book Value Change Per Share	-	-	2.451	1.331	+84%	0.374	+556%	1.707	+44%	1.039	+136%
Usd Book Value Per Share	-	-	61.189	59.097	+4%	51.906	+18%	46.660	+31%	32.615	+88%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	0.070	-100%	0.035	-100%
Usd Eps	-	-	2.220	1.261	+76%	1.965	+13%	2.474	-10%	1.344	+65%
Usd Free Cash Flow	-	-	111000000.000	28000000.000	+296%	70250000.000	+58%	146750000.000	-24%	113899450.000	-3%
Usd Free Cash Flow Per Share	-	-	2.143	0.540	+297%	1.348	+59%	2.730	-22%	2.124	+1%
Usd Free Cash Flow To Equity Per Share	-	-	-0.251	0.169	-248%	3.951	-106%	2.000	-113%	2.584	-110%
Usd Market Cap	16238246520.000	+4%	15611728621.440	14299571782.665	+9%	14691582901.405	+6%	17361638975.272	-10%	11440337872.912	+36%
Usd Price Per Share	315.800	+5%	301.440	276.783	+9%	282.593	+7%	326.207	-8%	215.236	+40%
Usd Profit	-	-	115000000.000	65250000.000	+76%	102000000.000	+13%	132200000.000	-13%	72662250.000	+58%
Usd Revenue	-	-	1174000000.000	1088000000.000	+8%	1438500000.000	-18%	1251600000.000	-6%	1066106900.000	+10%
Usd Total Gains Per Share	-	-	2.451	1.331	+84%	0.374	+556%	1.777	+38%	1.074	+128%
	EOD	+4 -4	MRQ	TTM	+25 -9	YOY	+27 -7	5Y	+14 -22	10Y	+25 -11

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	35.555
Price to Book Ratio (EOD)	Between	0-1	5.161
Net Profit Margin (MRQ)	Greater than	0	0.098
Operating Margin (MRQ)	Greater than	0	0.144
Quick Ratio (MRQ)	Greater than	1	0.496
Current Ratio (MRQ)	Greater than	1	0.990
Debt to Asset Ratio (MRQ)	Less than	1	0.563
Debt to Equity Ratio (MRQ)	Less than	1	1.291
Return on Equity (MRQ)	Greater than	0.15	0.036
Return on Assets (MRQ)	Greater than	0.05	0.016
Total			3/10 (30.0%)

Create your own Stock Scanner

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	63.436
Ma 20	Greater than	Ma 50	295.092
Ma 50	Greater than	Ma 100	292.617
Ma 100	Greater than	Ma 200	276.039
Open	Greater than	Close	319.040
Total			5/5 (100.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	7,259,000
Total Liabilities	4,090,000
Total Stockholder Equity	3,169,000

	As reported
Total Liabilities	4,090,000
Total Stockholder Equity	+ 3,169,000
Total Assets	= 7,259,000

Assets

Total Assets	7,259,000
Total Current Assets	1,627,000
Long-term Assets	5,632,000

Total Current Assets

Total Current Assets (as reported)	1,627,000
Cash And Cash Equivalents	127,000
Short-term Investments	36,000
Net Receivables	652,000
Inventory	705,000
Other Current Assets	143,000
Total Current Assets (calculated)	1,663,000
+/-	36,000

Long-term Assets

Long-term Assets (as reported)	5,632,000
Property Plant Equipment	470,000
Goodwill	3,894,000
Intangible Assets	501,000
Long-term Assets Other	135,000
Long-term Assets (calculated)	5,000,000
+/-	632,000

Liabilities & Shareholders' Equity

Total Current Liabilities	1,643,000
Long-term Liabilities	2,447,000
Total Stockholder Equity	3,169,000

Total Current Liabilities

Total Current Liabilities (as reported)	1,643,000
Short-term Debt	313,000
Short Long Term Debt	272,000
Accounts payable	467,000
Other Current Liabilities	407,000
Total Current Liabilities (calculated)	1,459,000
+/-	184,000

Long-term Liabilities

Long-term Liabilities (as reported)	2,447,000
Long term Debt	1,815,000
Capital Lease Obligations	192,000
Long-term Liabilities Other	111,000
Long-term Liabilities (calculated)	2,118,000
+/-	329,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	3,169,000
Common Stock	1,000
Retained Earnings	4,447,000
Accumulated Other Comprehensive Income	-50,000
Other Stockholders Equity	-1,229,000
Total Stockholder Equity (calculated)	3,169,000
+/-	0

Other

Capital Stock	1,000
Cash and Short Term Investments	127,000
Common Stock Shares Outstanding	51,791
Current Deferred Revenue	456,000
Liabilities and Stockholders Equity	7,259,000
Net Debt	2,152,000
Net Invested Capital	5,256,000
Net Working Capital	-16,000
Property Plant and Equipment Gross	470,000
Short Long Term Debt Total	2,279,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2024-03-31

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

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2021-12-31

2021-09-30

2021-06-30

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2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

> Total Assets

0
0
0
16,200
0
0
45,700
48,900
45,900
47,800
50,200
54,800
58,800
61,000
70,800
76,700
80,700
85,200
88,200
95,000
106,700
0
0
131,100
135,900
140,200
150,100
163,300
176,500
180,900
188,800
203,600
213,200
226,300
238,600
310,000
322,800
340,900
375,700
394,600
458,058
431,840
398,420
418,896
434,985
437,725
462,535
479,556
497,501
520,337
543,057
573,088
611,293
639,114
669,759
701,611
752,703
777,613
819,763
862,222
901,066
918,863
882,301
912,199
952,476
985,848
988,063
963,142
1,001,054
1,032,623
1,038,068
1,034,278
1,066,606
1,070,463
1,037,828
850,878
802,829
808,679
813,429
830,479
826,957
841,955
871,645
878,864
894,207
871,369
851,772
899,006
905,086
928,790
940,690
967,748
983,597
1,018,555
1,027,638
1,119,812
1,162,379
1,218,969
1,283,170
5,568,851
5,454,630
5,259,580
5,178,990
5,024,470
4,921,000
4,791,000
4,698,000
4,632,000
4,531,000
4,445,000
4,526,000
4,275,000
4,249,000
4,275,000
4,400,000
4,339,000
4,576,000
4,701,000
4,708,000
4,711,000
4,540,000
4,607,000
5,245,000
5,375,000
5,411,000
5,593,000
5,865,000
6,215,000
6,129,000
7,385,000
7,448,000
7,529,000
7,474,000
7,456,000
7,331,000
7,306,000
7,259,000

7,259,000

7,306,000

7,331,000

7,456,000

7,474,000

7,529,000

7,448,000

7,385,000

6,129,000

6,215,000

5,865,000

5,593,000

5,411,000

5,375,000

5,245,000

4,607,000

4,540,000

4,711,000

4,708,000

4,701,000

4,576,000

4,339,000

4,400,000

4,275,000

4,249,000

4,275,000

4,526,000

4,445,000

4,531,000

4,632,000

4,698,000

4,791,000

4,921,000

5,024,470

5,178,990

5,259,580

5,454,630

5,568,851

1,283,170

1,218,969

1,162,379

1,119,812

1,027,638

1,018,555

983,597

967,748

940,690

928,790

905,086

899,006

851,772

871,369

894,207

878,864

871,645

841,955

826,957

830,479

813,429

808,679

802,829

850,878

1,037,828

1,070,463

1,066,606

1,034,278

1,038,068

1,032,623

1,001,054

963,142

988,063

985,848

952,476

912,199

882,301

918,863

901,066

862,222

819,763

777,613

752,703

701,611

669,759

639,114

611,293

573,088

543,057

520,337

497,501

479,556

462,535

437,725

434,985

418,896

398,420

431,840

458,058

394,600

375,700

340,900

322,800

310,000

238,600

226,300

213,200

203,600

188,800

180,900

176,500

163,300

150,100

140,200

135,900

131,100

106,700

95,000

88,200

85,200

80,700

76,700

70,800

61,000

58,800

54,800

50,200

47,800

45,900

48,900

45,700

16,200

> Total Current Assets

0
0
0
14,200
0
0
43,800
46,800
43,500
45,300
46,900
51,400
55,300
57,500
66,500
71,500
75,300
79,400
82,300
88,700
100,400
0
0
119,300
123,800
127,000
136,100
149,000
162,800
168,100
172,000
187,500
195,200
205,700
215,900
266,500
280,000
297,500
331,600
345,900
410,073
316,885
284,335
303,686
320,249
318,139
345,284
364,338
386,380
410,731
434,709
464,580
504,176
531,687
555,525
583,534
626,727
651,645
683,055
724,638
750,034
756,483
705,720
732,714
412,919
414,897
425,560
479,690
421,813
434,227
536,730
420,832
443,523
429,682
436,338
396,818
363,511
373,361
378,217
410,937
426,207
443,462
455,710
476,304
548,533
567,845
539,713
584,873
550,282
581,750
530,978
710,863
730,134
762,607
779,463
754,103
801,015
859,247
921,050
1,672,050
1,618,974
1,499,120
1,489,255
1,332,441
1,281,000
1,222,000
1,265,000
1,222,000
1,169,000
1,136,000
1,266,000
1,063,000
1,053,000
1,109,000
1,201,000
1,162,000
1,142,000
1,188,000
1,231,000
1,195,000
1,051,000
1,094,000
1,192,000
1,273,000
1,343,000
1,526,000
1,524,000
1,689,000
1,569,000
1,806,000
1,871,000
1,883,000
1,818,000
1,753,000
1,652,000
1,672,000
1,627,000

1,627,000

1,672,000

1,652,000

1,753,000

1,818,000

1,883,000

1,871,000

1,806,000

1,569,000

1,689,000

1,524,000

1,526,000

1,343,000

1,273,000

1,192,000

1,094,000

1,051,000

1,195,000

1,231,000

1,188,000

1,142,000

1,162,000

1,201,000

1,109,000

1,053,000

1,063,000

1,266,000

1,136,000

1,169,000

1,222,000

1,265,000

1,222,000

1,281,000

1,332,441

1,489,255

1,499,120

1,618,974

1,672,050

921,050

859,247

801,015

754,103

779,463

762,607

730,134

710,863

530,978

581,750

550,282

584,873

539,713

567,845

548,533

476,304

455,710

443,462

426,207

410,937

378,217

373,361

363,511

396,818

436,338

429,682

443,523

420,832

536,730

434,227

421,813

479,690

425,560

414,897

412,919

732,714

705,720

756,483

750,034

724,638

683,055

651,645

626,727

583,534

555,525

531,687

504,176

464,580

434,709

410,731

386,380

364,338

345,284

318,139

320,249

303,686

284,335

316,885

410,073

345,900

331,600

297,500

280,000

266,500

215,900

205,700

195,200

187,500

172,000

168,100

162,800

149,000

136,100

127,000

123,800

119,300

100,400

88,700

82,300

79,400

75,300

71,500

66,500

57,500

55,300

51,400

46,900

45,300

43,500

46,800

43,800

14,200

Cash And Cash Equivalents

0
0
0
700
0
0
30,900
800
400
800
1,700
1,000
1,000
700
3,300
2,400
1,500
7,100
6,000
10,400
9,700
0
0
10,000
8,400
9,600
4,800
5,200
8,400
11,600
9,700
7,200
8,400
9,400
7,100
11,400
21,300
28,000
19,800
38,500
134,858
41,189
36,344
24,815
35,329
17,909
9,432
26,328
20,005
17,053
12,979
18,418
26,509
19,117
19,883
14,266
17,312
9,387
10,269
17,983
15,351
10,098
18,449
25,621
17,543
27,627
39,557
41,014
41,330
63,210
33,031
38,211
56,814
41,916
46,877
33,267
34,699
44,792
39,048
38,943
35,988
41,282
47,447
47,476
79,685
92,956
43,781
36,353
41,943
105,368
52,253
64,740
49,592
55,886
64,196
62,827
51,424
70,349
60,214
393,950
329,534
204,918
258,022
192,394
194,000
141,000
163,000
156,000
180,000
95,000
88,000
62,000
64,000
46,000
45,000
44,000
61,000
27,000
33,000
30,000
24,000
63,000
39,000
168,000
177,000
318,000
307,000
332,000
141,000
98,000
81,000
105,000
85,000
68,000
61,000
138,000
127,000

127,000

138,000

61,000

68,000

85,000

105,000

81,000

98,000

141,000

332,000

307,000

318,000

177,000

168,000

39,000

63,000

24,000

30,000

33,000

27,000

61,000

44,000

45,000

46,000

64,000

62,000

88,000

95,000

180,000

156,000

163,000

141,000

194,000

192,394

258,022

204,918

329,534

393,950

60,214

70,349

51,424

62,827

64,196

55,886

49,592

64,740

52,253

105,368

41,943

36,353

43,781

92,956

79,685

47,476

47,447

41,282

35,988

38,943

39,048

44,792

34,699

33,267

46,877

41,916

56,814

38,211

33,031

63,210

41,330

41,014

39,557

27,627

17,543

25,621

18,449

10,098

15,351

17,983

10,269

9,387

17,312

14,266

19,883

19,117

26,509

18,418

12,979

17,053

20,005

26,328

9,432

17,909

35,329

24,815

36,344

41,189

134,858

38,500

19,800

28,000

21,300

11,400

7,100

9,400

8,400

7,200

9,700

11,600

8,400

5,200

4,800

9,600

8,400

10,000

9,700

10,400

6,000

7,100

1,500

2,400

3,300

700

1,000

1,700

800

400

800

30,900

700

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
76,000
89,000
0
112,000
108,000
113,000
0
137,000
142,000
143,589,000
151,300
158,000
166,000
196,300
197,100
163,620
134,524
107,006
131,899
145,644
165,671
201,667
223,021
250,287
272,276
298,226
330,159
349,418
382,231
402,739
435,698
470,271
489,557
512,771
540,010
557,856
563,712
511,274
518,618
198,762
179,774
165,169
219,930
143,906
146,096
265,806
98,438
97,407
81,936
81,646
85,654
58,071
71,595
91,055
114,064
136,565
136,414
123,058
125,567
164,812
163,509
147,115
182,398
175,169
147,485
160,690
324,140
364,529
389,799
399,541
350,380
414,143
455,644
481,706
24,385
24,385
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,000
1,000
0
0
0
0
0
0
0
0
0
0
0
2,000
8,000
18,000
25,000
24,000
40,000
41,000
34,000
36,000

36,000

34,000

41,000

40,000

24,000

25,000

18,000

8,000

2,000

1,000

2,000

24,385

481,706

455,644

414,143

350,380

399,541

389,799

364,529

324,140

160,690

147,485

175,169

182,398

147,115

163,509

164,812

125,567

123,058

136,414

136,565

114,064

91,055

71,595

58,071

85,654

81,646

81,936

97,407

98,438

265,806

146,096

143,906

219,930

165,169

179,774

198,762

518,618

511,274

563,712

557,856

540,010

512,771

489,557

470,271

435,698

402,739

382,231

349,418

330,159

298,226

272,276

250,287

223,021

201,667

165,671

145,644

131,899

107,006

134,524

163,620

197,100

196,300

166,000

158,000

151,300

143,589,000

142,000

137,000

113,000

108,000

112,000

89,000

76,000

Net Receivables

0
0
0
7,500
0
0
7,200
8,500
8,100
10,100
9,000
8,000
10,300
12,400
14,100
15,400
14,600
15,600
15,800
17,100
19,300
0
0
24,900
25,300
26,200
29,000
31,600
28,200
29,800
31,800
31,000
31,700
38,200
41,900
57,700
58,900
65,100
70,800
62,900
59,203
78,967
81,014
83,941
76,573
79,517
82,831
67,160
72,317
73,556
78,380
71,299
78,281
79,555
82,862
81,867
82,104
95,333
95,300
96,881
101,078
104,999
98,298
111,551
116,415
115,693
122,614
122,540
136,867
124,584
133,880
150,775
171,862
179,081
171,928
152,679
144,433
139,786
144,744
155,716
145,642
150,092
165,423
154,146
153,508
159,781
191,601
195,921
177,821
173,565
165,160
168,732
169,255
178,337
181,243
184,539
182,386
174,286
197,356
683,390
698,293
723,433
636,537
678,444
606,000
631,000
599,000
657,000
578,000
592,000
656,000
519,000
502,000
546,000
612,000
544,000
509,000
634,000
664,000
645,000
536,000
458,000
594,000
524,000
528,000
621,000
685,000
760,000
822,000
945,000
815,000
794,000
758,000
683,000
581,000
584,000
652,000

652,000

584,000

581,000

683,000

758,000

794,000

815,000

945,000

822,000

760,000

685,000

621,000

528,000

524,000

594,000

458,000

536,000

645,000

664,000

634,000

509,000

544,000

612,000

546,000

502,000

519,000

656,000

592,000

578,000

657,000

599,000

631,000

606,000

678,444

636,537

723,433

698,293

683,390

197,356

174,286

182,386

184,539

181,243

178,337

169,255

168,732

165,160

173,565

177,821

195,921

191,601

159,781

153,508

154,146

165,423

150,092

145,642

155,716

144,744

139,786

144,433

152,679

171,928

179,081

171,862

150,775

133,880

124,584

136,867

122,540

122,614

115,693

116,415

111,551

98,298

104,999

101,078

96,881

95,300

95,333

82,104

81,867

82,862

79,555

78,281

71,299

78,380

73,556

72,317

67,160

82,831

79,517

76,573

83,941

81,014

78,967

59,203

62,900

70,800

65,100

58,900

57,700

41,900

38,200

31,700

31,000

31,800

29,800

28,200

31,600

29,000

26,200

25,300

24,900

19,300

17,100

15,800

15,600

14,600

15,400

14,100

12,400

10,300

8,000

9,000

10,100

8,100

8,500

7,200

7,500

Other Current Assets

0
0
0
400
0
0
0
30,500
27,900
28,000
29,500
33,000
34,200
33,700
37,500
39,200
43,400
41,800
44,700
44,200
53,700
0
0
64,000
69,600
70,500
82,300
90,700
105,800
104,200
109,200
126,900
133,600
138,200
146,800
157,700
165,000
172,200
8,600
5,000
5,210
6,691
6,198
6,179
6,756
7,068
8,000
7,906
6,954
7,897
8,391
6,638
9,747
10,754
10,969
8,922
9,031
9,755
10,402
10,509
11,848
14,105
14,015
13,286
13,594
14,434
16,148
15,016
20,150
20,859
19,501
48,370
27,997
25,410
29,626
25,019
25,060
24,291
23,563
22,288
26,447
30,664
23,940
35,373
30,020
33,490
36,838
36,913
29,230
38,643
29,960
16,410
17,379
16,246
14,421
15,524
13,879
13,055
22,673
53,377
68,971
67,304
83,096
67,755
95,000
88,000
90,000
64,000
35,000
35,000
30,000
24,000
39,000
52,000
51,000
54,000
62,000
43,000
66,000
46,000
42,000
55,000
75,000
70,000
110,000
102,000
94,000
106,000
137,000
131,000
161,000
124,000
140,000
138,000
162,000
146,000
143,000

143,000

146,000

162,000

138,000

140,000

124,000

161,000

131,000

137,000

106,000

94,000

102,000

110,000

70,000

75,000

55,000

42,000

46,000

66,000

43,000

62,000

54,000

51,000

52,000

39,000

24,000

30,000

35,000

64,000

90,000

88,000

95,000

67,755

83,096

67,304

68,971

53,377

22,673

13,055

13,879

15,524

14,421

16,246

17,379

16,410

29,960

38,643

29,230

36,913

36,838

33,490

30,020

35,373

23,940

30,664

26,447

22,288

23,563

24,291

25,060

25,019

29,626

25,410

27,997

48,370

19,501

20,859

20,150

15,016

16,148

14,434

13,594

13,286

14,015

14,105

11,848

10,509

10,402

9,755

9,031

8,922

10,969

10,754

9,747

6,638

8,391

7,897

6,954

7,906

8,000

7,068

6,756

6,179

6,198

6,691

5,210

5,000

8,600

172,200

165,000

157,700

146,800

138,200

133,600

126,900

109,200

104,200

105,800

90,700

82,300

70,500

69,600

64,000

53,700

44,200

44,700

41,800

43,400

39,200

37,500

33,700

34,200

33,000

29,500

28,000

27,900

30,500

400

> Long-term Assets

0
0
0
2,000
0
0
1,900
2,100
2,400
2,500
3,300
3,400
3,500
3,500
4,300
5,200
5,400
5,800
5,900
6,300
6,300
0
0
11,800
12,100
13,200
14,000
14,300
13,700
12,800
16,800
16,100
18,000
20,600
22,700
43,500
42,800
43,400
44,100
48,700
47,985
114,955
114,085
115,210
114,736
119,586
117,251
115,218
111,121
109,606
108,348
108,508
107,117
107,427
114,234
118,077
125,976
125,968
136,708
137,584
151,032
162,380
176,581
179,485
539,557
570,951
562,503
483,452
579,241
598,396
501,338
613,446
623,083
640,781
601,490
454,060
439,318
435,318
435,212
419,542
400,750
398,493
415,935
402,560
345,674
303,524
312,059
314,133
354,804
347,040
409,712
256,885
253,463
255,948
248,175
365,709
361,364
359,722
362,120
3,896,801
3,835,656
3,760,460
3,689,735
3,692,029
3,640,000
3,569,000
3,433,000
3,410,000
3,362,000
3,309,000
3,260,000
3,212,000
3,196,000
3,166,000
3,199,000
3,177,000
3,434,000
3,513,000
3,477,000
3,516,000
3,489,000
3,513,000
4,053,000
4,102,000
4,068,000
4,067,000
4,341,000
4,526,000
4,560,000
5,579,000
5,577,000
5,646,000
5,656,000
5,703,000
5,679,000
5,634,000
5,632,000

5,632,000

5,634,000

5,679,000

5,703,000

5,656,000

5,646,000

5,577,000

5,579,000

4,560,000

4,526,000

4,341,000

4,067,000

4,068,000

4,102,000

4,053,000

3,513,000

3,489,000

3,516,000

3,477,000

3,513,000

3,434,000

3,177,000

3,199,000

3,166,000

3,196,000

3,212,000

3,260,000

3,309,000

3,362,000

3,410,000

3,433,000

3,569,000

3,640,000

3,692,029

3,689,735

3,760,460

3,835,656

3,896,801

362,120

359,722

361,364

365,709

248,175

255,948

253,463

256,885

409,712

347,040

354,804

314,133

312,059

303,524

345,674

402,560

415,935

398,493

400,750

419,542

435,212

435,318

439,318

454,060

601,490

640,781

623,083

613,446

501,338

598,396

579,241

483,452

562,503

570,951

539,557

179,485

176,581

162,380

151,032

137,584

136,708

125,968

125,976

118,077

114,234

107,427

107,117

108,508

108,348

109,606

111,121

115,218

117,251

119,586

114,736

115,210

114,085

114,955

47,985

48,700

44,100

43,400

42,800

43,500

22,700

20,600

18,000

16,100

16,800

12,800

13,700

14,300

14,000

13,200

12,100

11,800

6,300

5,900

5,800

5,400

5,200

4,300

3,500

3,400

3,300

2,500

2,400

2,100

1,900

2,000

Property Plant Equipment

0
0
0
1,900
0
0
1,900
2,000
2,400
2,400
3,400
3,400
3,400
3,400
4,300
4,900
5,200
5,500
5,600
5,600
5,800
0
0
8,300
8,900
10,200
11,000
11,300
11,100
12,100
12,100
12,800
14,200
16,600
18,400
38,900
38,800
38,800
39,600
41,700
41,803
41,113
41,365
41,587
41,008
41,244
41,877
40,742
40,418
39,986
38,692
39,462
38,738
39,162
38,472
39,286
41,896
41,352
42,500
46,283
46,722
47,564
47,523
49,643
51,610
54,684
55,700
57,431
59,596
61,559
62,616
67,686
69,716
78,948
70,700
75,363
76,840
78,494
78,984
77,589
77,951
81,141
84,809
88,983
90,745
93,462
94,726
97,822
101,985
100,992
102,537
101,349
101,054
101,737
100,515
109,588
107,511
107,115
113,206
255,092
270,228
284,593
291,754
297,601
300,000
301,000
292,000
292,000
284,000
273,000
267,000
264,000
262,000
254,000
251,000
249,000
367,000
365,000
366,000
366,000
359,000
361,000
378,000
409,000
398,000
395,000
404,000
403,000
404,000
439,000
444,000
434,000
452,000
474,000
467,000
478,000
470,000

470,000

478,000

467,000

474,000

452,000

434,000

444,000

439,000

404,000

403,000

404,000

395,000

398,000

409,000

378,000

361,000

359,000

366,000

365,000

367,000

249,000

251,000

254,000

262,000

264,000

267,000

273,000

284,000

292,000

301,000

300,000

297,601

291,754

284,593

270,228

255,092

113,206

107,115

107,511

109,588

100,515

101,737

101,054

101,349

102,537

100,992

101,985

97,822

94,726

93,462

90,745

88,983

84,809

81,141

77,951

77,589

78,984

78,494

76,840

75,363

70,700

78,948

69,716

67,686

62,616

61,559

59,596

57,431

55,700

54,684

51,610

49,643

47,523

47,564

46,722

46,283

42,500

41,352

41,896

39,286

38,472

39,162

38,738

39,462

38,692

39,986

40,418

40,742

41,877

41,244

41,008

41,587

41,365

41,113

41,803

41,700

39,600

38,800

38,900

18,400

16,600

14,200

12,800

12,100

11,100

11,300

11,000

10,200

8,900

8,300

5,800

5,600

5,500

5,200

4,900

4,300

3,400

2,400

2,000

1,900

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
1,000
1,000
0
1,000
1,000
1,000
0
1,000
1,000
0
0
0
0
0
0
0
35,000
0
34,529
34,080
33,632
33,183
32,735
54,455
54,455
54,455
54,455
54,455
54,455
54,455
61,150
61,074
61,137
61,137
61,793
70,182
69,095
69,097
69,097
69,097
69,097
69,097
70,714
151,147
151,394
161,877
246,510
247,670
261,517
264,647
151,356
150,404
152,856
153,497
153,225
152,288
151,008
152,418
151,933
79,703
79,703
79,703
79,703
79,703
79,703
95,345
94,942
94,942
94,942
94,942
155,800
155,800
155,800
153,515
2,489,510
2,482,528
2,482,858
2,488,501
2,493,265
2,495,000
2,496,000
2,460,000
2,458,000
2,460,000
2,464,000
2,465,000
2,465,000
2,463,000
2,462,000
2,496,000
2,495,000
2,567,000
2,622,000
2,618,000
2,622,000
2,618,000
2,621,000
2,998,000
2,988,000
2,989,000
2,989,000
3,194,000
3,265,000
3,266,000
3,929,000
3,891,000
3,899,000
3,895,000
3,895,000
3,893,000
3,895,000
3,894,000

3,894,000

3,895,000

3,893,000

3,895,000

3,899,000

3,891,000

3,929,000

3,266,000

3,265,000

3,194,000

2,989,000

2,988,000

2,998,000

2,621,000

2,618,000

2,622,000

2,618,000

2,622,000

2,567,000

2,495,000

2,496,000

2,462,000

2,463,000

2,465,000

2,464,000

2,460,000

2,458,000

2,460,000

2,496,000

2,495,000

2,493,265

2,488,501

2,482,858

2,482,528

2,489,510

153,515

155,800

94,942

95,345

79,703

151,933

152,418

151,008

152,288

153,225

153,497

152,856

150,404

151,356

264,647

261,517

247,670

246,510

161,877

151,394

151,147

70,714

69,097

69,095

70,182

61,793

61,137

61,074

61,150

54,455

32,735

33,183

33,632

34,080

34,529

35,000

1,000

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
76,040
90,076
85,478
143,106
100,138
108,086
107,879
145,132
133,969
155,852
5,195
3,443
8,353
2,588
2,588
2,588
0
0
32,000
0
0
0
0
0
0
0
25,000
0
0
0
25,000
0
12,000
17,000
28,000
0
0
0
45,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

45,000

28,000

17,000

12,000

25,000

32,000

2,588

8,353

3,443

5,195

155,852

133,969

145,132

107,879

108,086

100,138

143,106

85,478

90,076

76,040

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
189
0
66,075
65,107
63,810
28,446
28,417
27,571
26,693
4,606
58,694
58,397
58,011
57,639
57,268
56,897
70,181
69,510
68,947
68,301
68,310
76,054
83,904
88,898
88,099
18,555
20,700
34,104
34,025
60,841
58,493
62,235
119,424
115,287
119,058
114,615
66,359
63,916
61,135
58,633
55,982
53,486
52,597
51,592
49,706
8,920
8,084
7,441
12,667
11,897
11,127
39,017
39,151
37,288
35,425
33,594
68,968
66,296
63,629
61,032
1,029,293
961,704
898,004
816,933
757,524
700,000
640,000
533,000
480,000
430,000
380,000
332,000
299,000
276,000
252,000
260,000
232,000
311,000
323,000
290,000
275,000
258,000
242,000
427,000
402,000
376,000
372,000
456,000
469,000
437,000
659,000
659,000
630,000
604,000
578,000
552,000
527,000
501,000

501,000

527,000

552,000

578,000

604,000

630,000

659,000

437,000

469,000

456,000

372,000

376,000

402,000

427,000

242,000

258,000

275,000

290,000

323,000

311,000

232,000

260,000

252,000

276,000

299,000

332,000

380,000

430,000

480,000

533,000

640,000

700,000

757,524

816,933

898,004

961,704

1,029,293

61,032

63,629

66,296

68,968

33,594

35,425

37,288

39,151

39,017

11,127

11,897

12,667

7,441

8,084

8,920

49,706

51,592

52,597

53,486

55,982

58,633

61,135

63,916

66,359

114,615

119,058

115,287

119,424

62,235

58,493

60,841

34,025

34,104

20,700

18,555

88,099

88,898

83,904

76,054

68,310

68,301

68,947

69,510

70,181

56,897

57,268

57,639

58,011

58,397

58,694

4,606

26,693

27,571

28,417

28,446

63,810

65,107

66,075

189

Other 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
6,182
73,842
72,720
73,623
73,728
78,342
75,374
74,476
70,703
69,620
69,656
69,046
68,379
68,265
75,762
78,791
84,080
83,616
94,208
91,301
104,310
114,816
129,058
129,842
487,947
516,267
506,803
426,021
519,645
536,837
438,722
545,760
553,367
561,833
530,790
378,697
362,478
356,824
356,228
341,953
322,799
317,352
331,126
313,577
254,929
210,062
217,333
216,311
252,819
246,048
307,175
155,536
152,409
154,211
147,660
256,121
253,853
252,607
248,914
3,641,709
3,565,428
3,475,867
3,397,981
3,408,000
3,355,000
3,282,000
3,141,000
3,118,000
3,078,000
3,036,000
2,993,000
2,948,000
195,000
186,000
175,000
173,000
189,000
203,000
203,000
208,000
254,000
289,000
170,000
303,000
305,000
218,000
287,000
288,000
322,000
552,000
583,000
523,000
670,000
0
568,000
0
0

568,000

670,000

523,000

583,000

552,000

322,000

288,000

287,000

218,000

305,000

303,000

170,000

289,000

254,000

208,000

203,000

189,000

173,000

175,000

186,000

195,000

2,948,000

2,993,000

3,036,000

3,078,000

3,118,000

3,141,000

3,282,000

3,355,000

3,408,000

3,397,981

3,475,867

3,565,428

3,641,709

248,914

252,607

253,853

256,121

147,660

154,211

152,409

155,536

307,175

246,048

252,819

216,311

217,333

210,062

254,929

313,577

331,126

317,352

322,799

341,953

356,228

356,824

362,478

378,697

530,790

561,833

553,367

545,760

438,722

536,837

519,645

426,021

506,803

516,267

487,947

129,842

129,058

114,816

104,310

91,301

94,208

83,616

84,080

78,791

75,762

68,265

68,379

69,046

69,656

69,620

70,703

74,476

75,374

78,342

73,728

73,623

72,720

73,842

6,182

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
33,357
32,234
21,254
19,286
17,926
18,241
11,866
11,995
12,260
7,536
2,602
2,134
0
0
0
0
0
0
0
0
0
0
70,000
74,000
71,000
83,000
113,000
121,000
124,000
125,000
0
115,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

115,000

125,000

124,000

121,000

113,000

83,000

71,000

74,000

70,000

2,134

2,602

7,536

12,260

11,995

11,866

18,241

17,926

19,286

21,254

32,234

33,357

> Total Liabilities

0
0
0
4,300
0
0
14,800
18,200
12,900
11,600
11,200
12,600
12,800
10,700
15,400
16,100
15,600
14,800
11,800
13,000
16,600
0
0
22,900
21,200
18,300
20,100
22,800
25,600
23,500
22,000
24,000
22,900
24,600
25,000
39,100
40,200
39,200
48,000
45,300
90,865
86,428
46,672
47,608
45,863
31,828
36,993
34,549
38,848
36,744
38,070
38,933
52,938
44,402
48,604
49,696
60,074
51,239
58,425
64,568
72,099
60,208
61,831
61,685
64,466
64,779
69,051
85,461
89,926
89,252
105,512
131,585
167,451
152,972
148,702
140,140
108,193
109,255
106,885
118,350
106,038
121,302
140,938
148,832
139,801
115,669
105,824
122,081
106,023
107,811
107,661
110,746
97,233
121,976
117,295
161,154
153,439
170,907
206,421
4,528,943
4,428,632
4,307,990
4,264,962
4,111,601
4,042,000
3,960,000
3,950,000
3,840,000
3,736,000
3,633,000
3,712,000
3,441,000
3,268,000
3,202,000
3,187,000
3,004,000
3,109,000
3,142,000
3,014,000
2,872,000
2,813,000
2,804,000
3,314,000
3,231,000
3,000,000
3,004,000
3,049,000
3,231,000
3,223,000
4,872,000
4,791,000
4,796,000
4,583,000
4,464,000
4,318,000
4,270,000
4,090,000

4,090,000

4,270,000

4,318,000

4,464,000

4,583,000

4,796,000

4,791,000

4,872,000

3,223,000

3,231,000

3,049,000

3,004,000

3,000,000

3,231,000

3,314,000

2,804,000

2,813,000

2,872,000

3,014,000

3,142,000

3,109,000

3,004,000

3,187,000

3,202,000

3,268,000

3,441,000

3,712,000

3,633,000

3,736,000

3,840,000

3,950,000

3,960,000

4,042,000

4,111,601

4,264,962

4,307,990

4,428,632

4,528,943

206,421

170,907

153,439

161,154

117,295

121,976

97,233

110,746

107,661

107,811

106,023

122,081

105,824

115,669

139,801

148,832

140,938

121,302

106,038

118,350

106,885

109,255

108,193

140,140

148,702

152,972

167,451

131,585

105,512

89,252

89,926

85,461

69,051

64,779

64,466

61,685

61,831

60,208

72,099

64,568

58,425

51,239

60,074

49,696

48,604

44,402

52,938

38,933

38,070

36,744

38,848

34,549

36,993

31,828

45,863

47,608

46,672

86,428

90,865

45,300

48,000

39,200

40,200

39,100

25,000

24,600

22,900

24,000

22,000

23,500

25,600

22,800

20,100

18,300

21,200

22,900

16,600

13,000

11,800

14,800

15,600

16,100

15,400

10,700

12,800

12,600

11,200

11,600

12,900

18,200

14,800

4,300

> Total Current Liabilities

0
0
0
3,800
0
0
14,100
17,100
11,700
10,300
10,200
12,000
12,100
10,000
14,800
15,500
15,000
14,200
11,200
12,400
16,000
0
0
19,400
18,000
15,100
17,400
20,200
21,600
22,900
21,400
22,600
22,000
23,800
24,800
36,800
38,000
37,000
45,100
43,100
88,070
85,754
46,051
46,887
45,251
31,218
36,354
33,828
37,967
35,577
36,693
36,904
50,848
41,701
45,549
45,602
54,189
46,331
52,986
59,576
65,137
51,199
54,313
54,348
57,996
58,210
62,265
74,854
78,129
76,990
93,257
122,172
156,759
140,882
134,308
124,987
92,644
94,151
93,165
104,810
93,168
108,443
128,438
136,051
128,009
103,815
94,436
108,974
92,853
94,325
93,067
95,214
79,892
101,815
98,573
119,054
111,364
123,278
158,214
955,847
895,851
873,434
898,924
876,446
873,000
859,000
932,000
949,000
921,000
983,000
1,039,000
1,000,000
932,000
1,014,000
1,105,000
1,301,000
1,146,000
1,200,000
1,306,000
1,404,000
1,237,000
1,389,000
1,765,000
1,851,000
1,546,000
1,550,000
1,581,000
1,800,000
1,799,000
2,113,000
2,073,000
2,332,000
2,074,000
1,770,000
1,562,000
1,598,000
1,643,000

1,643,000

1,598,000

1,562,000

1,770,000

2,074,000

2,332,000

2,073,000

2,113,000

1,799,000

1,800,000

1,581,000

1,550,000

1,546,000

1,851,000

1,765,000

1,389,000

1,237,000

1,404,000

1,306,000

1,200,000

1,146,000

1,301,000

1,105,000

1,014,000

932,000

1,000,000

1,039,000

983,000

921,000

949,000

932,000

859,000

873,000

876,446

898,924

873,434

895,851

955,847

158,214

123,278

111,364

119,054

98,573

101,815

79,892

95,214

93,067

94,325

92,853

108,974

94,436

103,815

128,009

136,051

128,438

108,443

93,168

104,810

93,165

94,151

92,644

124,987

134,308

140,882

156,759

122,172

93,257

76,990

78,129

74,854

62,265

58,210

57,996

54,348

54,313

51,199

65,137

59,576

52,986

46,331

54,189

45,602

45,549

41,701

50,848

36,904

36,693

35,577

37,967

33,828

36,354

31,218

45,251

46,887

46,051

85,754

88,070

43,100

45,100

37,000

38,000

36,800

24,800

23,800

22,000

22,600

21,400

22,900

21,600

20,200

17,400

15,100

18,000

19,400

16,000

12,400

11,200

14,200

15,000

15,500

14,800

10,000

12,100

12,000

10,200

10,300

11,700

17,100

14,100

3,800

Short-term Debt

0
0
0
100
0
0
0
0
4,100
4,100
4,100
4,100
100
4,100
4,100
4,100
4,100
4,100
100
100
100
0
0
100
100
300
100
100
100
200
200
200
200
200
200
11,700
200
200
200
500
50,388
35,369
1,288
226
298
385
390
300
387
401
400
420
446
792
167
153
182
160
55
54
55
55
56
0
0
0
0
33,727
0
0
0
69,437
85,229
66,663
63,064
558
0
0
0
0
423
1,687
5,752
5,900
84,101
55,358
0
0
0
0
2,031
1,609
2,374
6,870
7,346
6,898
8,010
9,112
10,131
7,522
21,831
18,139
9,928
24
326,000
293,000
332,000
22,000
15,000
19,000
34,000
51,000
43,000
85,000
71,000
157,000
131,000
156,000
205,000
197,000
230,000
233,000
481,000
364,000
134,000
47,000
51,000
69,000
183,000
183,000
179,000
214,000
215,000
166,000
152,000
215,000
313,000

313,000

215,000

152,000

166,000

215,000

214,000

179,000

183,000

69,000

51,000

47,000

134,000

364,000

481,000

233,000

230,000

197,000

205,000

156,000

131,000

157,000

71,000

85,000

43,000

51,000

34,000

19,000

15,000

22,000

332,000

293,000

326,000

9,928

18,139

21,831

7,522

10,131

9,112

8,010

6,898

7,346

6,870

2,374

1,609

2,031

55,358

84,101

5,900

5,752

1,687

423

558

63,064

66,663

85,229

69,437

33,727

160

182

153

167

792

446

420

400

401

387

300

390

385

298

226

1,288

35,369

50,388

500

200

11,700

200

100

300

100

4,100

100

4,100

100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,000
0
0
0
3,035,000
0
0
0
2,671,000
2,597,000
2,443,000
40,000
51,000
44,000
89,000
74,000
157,000
131,000
156,000
205,000
197,000
230,000
233,000
481,000
364,000
134,000
47,000
51,000
69,000
183,000
144,000
144,000
214,000
215,000
166,000
152,000
173,000
272,000

272,000

173,000

152,000

166,000

215,000

214,000

144,000

183,000

69,000

51,000

47,000

134,000

364,000

481,000

233,000

230,000

197,000

205,000

156,000

131,000

157,000

74,000

89,000

44,000

51,000

40,000

2,443,000

2,597,000

2,671,000

3,035,000

4,000

Accounts payable

0
0
0
2,300
0
0
2,000
2,800
2,500
2,700
3,600
4,900
3,300
2,500
4,600
5,300
4,200
4,200
5,600
7,200
8,300
0
0
11,300
9,700
7,800
8,100
12,200
9,100
12,500
10,000
11,100
11,300
12,800
12,400
20,600
17,700
17,600
25,600
23,800
20,681
32,534
23,392
23,838
18,405
16,298
18,611
14,414
15,606
17,402
17,107
15,447
18,272
16,492
17,534
16,238
20,768
17,216
22,033
24,130
23,174
21,674
24,117
24,885
22,860
24,194
25,160
28,980
25,975
32,443
33,815
42,351
47,119
56,882
46,744
38,152
30,089
28,114
22,716
28,137
26,870
30,200
33,908
35,304
32,413
35,728
30,924
33,273
33,019
29,216
28,180
23,045
20,141
31,945
26,675
34,688
34,637
31,752
46,083
326,524
284,730
281,771
314,279
289,349
316,000
347,000
360,000
413,000
365,000
436,000
426,000
383,000
411,000
442,000
498,000
552,000
457,000
472,000
502,000
552,000
447,000
503,000
546,000
601,000
573,000
597,000
609,000
700,000
691,000
827,000
835,000
811,000
602,000
562,000
433,000
456,000
467,000

467,000

456,000

433,000

562,000

602,000

811,000

835,000

827,000

691,000

700,000

609,000

597,000

573,000

601,000

546,000

503,000

447,000

552,000

502,000

472,000

457,000

552,000

498,000

442,000

411,000

383,000

426,000

436,000

365,000

413,000

360,000

347,000

316,000

289,349

314,279

281,771

284,730

326,524

46,083

31,752

34,637

34,688

26,675

31,945

20,141

23,045

28,180

29,216

33,019

33,273

30,924

35,728

32,413

35,304

33,908

30,200

26,870

28,137

22,716

28,114

30,089

38,152

46,744

56,882

47,119

42,351

33,815

32,443

25,975

28,980

25,160

24,194

22,860

24,885

24,117

21,674

23,174

24,130

22,033

17,216

20,768

16,238

17,534

16,492

18,272

15,447

17,107

17,402

15,606

14,414

18,611

16,298

18,405

23,838

23,392

32,534

20,681

23,800

25,600

17,600

17,700

20,600

12,400

12,800

11,300

11,100

10,000

12,500

9,100

12,200

8,100

7,800

9,700

11,300

8,300

7,200

5,600

4,200

5,300

4,600

2,500

3,300

4,900

3,600

2,700

2,500

2,800

2,000

2,300

Other Current Liabilities

0
0
0
1,400
0
0
12,100
14,300
5,100
3,500
2,500
3,000
8,700
3,400
6,100
6,100
6,700
5,900
5,500
5,100
7,600
0
0
8,000
8,200
7,000
9,200
7,900
12,400
10,200
11,200
11,300
10,500
10,800
12,200
4,500
20,100
19,200
19,300
18,800
17,001
17,851
21,371
22,823
14,338
2,238
12,369
4,121
10,096
5,076
5,558
3,376
15,940
7,499
8,313
24,704
11,118
4,118
4,983
6,144
15,553
1,969
2,269
29,463
35,136
34,016
37,105
2,683
52,154
44,547
59,442
751
13,300
2,587
2,594
67,911
42,789
45,916
48,582
52,591
43,322
53,152
66,486
68,090
476
801
53,236
64,612
47,769
53,117
50,568
57,234
43,932
50,584
49,448
61,962
52,306
65,518
83,035
425,588
364,178
358,066
370,925
389,182
23,000
10,000
36,000
323,000
324,000
314,000
366,000
380,000
277,000
289,000
337,000
382,000
336,000
342,000
369,000
417,000
308,000
380,000
452,000
578,000
495,000
558,000
558,000
651,000
528,000
690,000
658,000
882,000
810,000
599,000
549,000
469,000
407,000

407,000

469,000

549,000

599,000

810,000

882,000

658,000

690,000

528,000

651,000

558,000

495,000

578,000

452,000

380,000

308,000

417,000

369,000

342,000

336,000

382,000

337,000

289,000

277,000

380,000

366,000

314,000

324,000

323,000

36,000

10,000

23,000

389,182

370,925

358,066

364,178

425,588

83,035

65,518

52,306

61,962

49,448

50,584

43,932

57,234

50,568

53,117

47,769

64,612

53,236

801

476

68,090

66,486

53,152

43,322

52,591

48,582

45,916

42,789

67,911

2,594

2,587

13,300

751

59,442

44,547

52,154

2,683

37,105

34,016

35,136

29,463

2,269

1,969

15,553

6,144

4,983

4,118

11,118

24,704

8,313

7,499

15,940

3,376

5,558

5,076

10,096

4,121

12,369

2,238

14,338

22,823

21,371

17,851

17,001

18,800

19,300

19,200

20,100

4,500

12,200

10,800

10,500

11,300

11,200

10,200

12,400

7,900

9,200

7,000

8,200

8,000

7,600

5,100

5,500

5,900

6,700

6,100

3,400

8,700

3,000

2,500

3,500

5,100

14,300

12,100

1,400

> Long-term Liabilities

0
0
0
500
0
0
700
1,100
1,200
1,300
1,000
600
700
700
600
600
600
600
600
600
600
0
0
3,500
3,200
3,200
2,700
2,600
4,000
600
600
1,400
900
800
200
2,300
2,200
2,200
2,900
2,200
2,795
674
621
721
612
610
639
721
881
1,167
1,377
2,029
2,090
2,701
3,055
4,094
5,885
4,908
5,439
4,992
6,962
9,009
7,518
7,337
6,470
6,569
6,786
10,607
11,797
12,262
12,255
9,413
10,692
12,090
14,394
15,153
15,549
15,104
13,720
13,540
12,870
12,859
12,500
12,781
11,792
11,854
11,388
13,107
13,170
13,486
14,594
15,532
17,341
20,161
18,722
42,100
42,075
47,629
48,207
3,573,096
3,532,781
3,434,556
3,366,038
3,235,155
3,169,000
3,101,000
3,018,000
2,891,000
2,815,000
2,650,000
2,673,000
2,441,000
2,336,000
2,188,000
2,082,000
1,703,000
1,963,000
1,942,000
1,708,000
1,468,000
1,576,000
1,415,000
1,549,000
1,380,000
1,454,000
1,454,000
1,468,000
1,431,000
1,424,000
2,759,000
2,718,000
2,464,000
2,509,000
2,694,000
2,756,000
2,672,000
2,447,000

2,447,000

2,672,000

2,756,000

2,694,000

2,509,000

2,464,000

2,718,000

2,759,000

1,424,000

1,431,000

1,468,000

1,454,000

1,380,000

1,549,000

1,415,000

1,576,000

1,468,000

1,708,000

1,942,000

1,963,000

1,703,000

2,082,000

2,188,000

2,336,000

2,441,000

2,673,000

2,650,000

2,815,000

2,891,000

3,018,000

3,101,000

3,169,000

3,235,155

3,366,038

3,434,556

3,532,781

3,573,096

48,207

47,629

42,075

42,100

18,722

20,161

17,341

15,532

14,594

13,486

13,170

13,107

11,388

11,854

11,792

12,781

12,500

12,859

12,870

13,540

13,720

15,104

15,549

15,153

14,394

12,090

10,692

9,413

12,255

12,262

11,797

10,607

6,786

6,569

6,470

7,337

7,518

9,009

6,962

4,992

5,439

4,908

5,885

4,094

3,055

2,701

2,090

2,029

1,377

1,167

881

721

639

610

612

721

621

674

2,795

2,200

2,900

2,200

2,300

200

800

900

1,400

600

4,000

2,600

2,700

3,200

3,500

600

700

600

1,000

1,300

1,200

1,100

700

500

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,182,962
3,144,177
3,040,361
3,043,225
3,012,000
2,937,000
2,873,000
2,788,000
2,648,000
2,573,000
2,418,000
2,451,000
2,176,000
2,090,000
1,914,000
1,829,000
1,434,000
1,605,000
1,561,000
1,314,000
1,080,000
1,167,000
986,000
1,086,000
881,000
956,000
0
0
0
0
0
0
0
0
0
0
0
0

956,000

881,000

1,086,000

986,000

1,167,000

1,080,000

1,314,000

1,561,000

1,605,000

1,434,000

1,829,000

1,914,000

2,090,000

2,176,000

2,451,000

2,418,000

2,573,000

2,648,000

2,788,000

2,873,000

2,937,000

3,012,000

3,043,225

3,040,361

3,144,177

3,182,962

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
33,357
32,234
21,254
19,286
17,926
18,241
11,866
11,995
12,260
7,536
2,602
2,134
0
0
0
0
0
0
0
0
0
0
70,000
74,000
71,000
83,000
113,000
121,000
124,000
125,000
0
115,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

115,000

125,000

124,000

121,000

113,000

83,000

71,000

74,000

70,000

2,134

2,602

7,536

12,260

11,995

11,866

18,241

17,926

19,286

21,254

32,234

33,357

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
204
228
246
208
293
318
347
313
648
925
1,162
1,424
1,674
2,322
2,646
2,919
3,636
3,869
4,119
4,458
5,703
5,452
5,716
6,095
6,470
6,569
6,786
10,607
11,797
12,262
12,255
9,413
10,692
12,090
14,394
15,153
15,549
15,104
13,720
13,540
12,870
12,859
12,500
12,781
11,792
11,854
11,388
13,107
13,170
13,486
14,594
15,532
17,341
18,617
16,486
16,608
16,565
19,158
20,820
190,281
196,060
195,123
194,780
239,000
250,000
245,000
230,000
240,000
240,000
230,000
221,000
265,000
242,000
273,000
253,000
269,000
252,000
263,000
272,000
280,000
281,000
291,000
320,000
370,000
376,000
376,000
408,000
387,000
0
587,000
551,000
516,000
0
495,000
459,000
0
0

459,000

495,000

516,000

551,000

587,000

387,000

408,000

376,000

370,000

320,000

291,000

281,000

280,000

272,000

263,000

252,000

269,000

253,000

273,000

242,000

265,000

221,000

230,000

240,000

230,000

245,000

250,000

239,000

194,780

195,123

196,060

190,281

20,820

19,158

16,565

16,608

16,486

18,617

17,341

15,532

14,594

13,486

13,170

13,107

11,388

11,854

11,792

12,781

12,500

12,859

12,870

13,540

13,720

15,104

15,549

15,153

14,394

12,090

10,692

9,413

12,255

12,262

11,797

10,607

6,786

6,569

6,470

6,095

5,716

5,452

5,703

4,458

4,119

3,869

3,636

2,919

2,646

2,322

1,674

1,424

1,162

925

648

313

347

318

293

208

246

228

204

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,278
2,853
2,406
1,799
1,810
1,695
1,592
1,496
1,521
1,406
1,303
1,245
2,876
3,492
26,623
26,560
29,955
29,183
315,700
300,231
265,161
237,236
125,000
118,000
118,000
101,000
127,000
130,000
124,000
129,000
148,000
144,000
142,000
13,000
180,000
1,000
1,000
1,000
21,000
0
0
0
23,000
0
0
0
28,000
4,000
71,000
78,000
35,000
75,000
75,000
0
0
0

75,000

35,000

78,000

71,000

4,000

28,000

23,000

21,000

1,000

180,000

13,000

142,000

144,000

148,000

129,000

124,000

130,000

127,000

101,000

118,000

125,000

237,236

265,161

300,231

315,700

29,183

29,955

26,560

26,623

3,492

2,876

1,245

1,303

1,406

1,521

1,496

1,592

1,695

1,810

1,799

2,406

2,853

3,278

> Total Stockholder Equity

0
0
0
11,900
0
0
30,900
30,700
33,000
36,200
39,000
42,200
46,000
50,300
55,400
60,600
65,100
70,400
76,400
82,000
90,100
0
0
108,200
114,700
121,900
130,000
140,500
150,900
157,400
166,800
179,600
190,300
201,700
213,600
270,900
282,600
301,700
327,700
349,300
367,193
345,412
351,748
371,288
389,122
405,897
425,542
445,007
458,653
483,593
504,987
534,155
558,355
594,712
621,155
651,915
692,629
726,374
761,338
797,654
828,967
858,655
820,470
850,514
888,010
921,069
919,012
877,681
911,128
943,371
932,556
902,693
899,155
917,491
889,126
710,738
694,636
699,424
706,544
712,129
720,919
720,653
730,707
730,032
754,406
755,700
745,948
776,925
799,063
820,979
833,029
857,002
886,364
896,579
910,343
958,658
1,008,940
1,048,062
1,076,749
1,039,908
1,025,998
951,590
914,028
912,869
879,000
831,000
748,000
792,000
795,000
812,000
814,000
834,000
981,000
1,073,000
1,213,000
1,335,000
1,467,000
1,559,000
1,694,000
1,839,000
1,727,000
1,803,000
1,931,000
2,144,000
2,411,000
2,589,000
2,816,000
2,984,000
2,906,000
2,513,000
2,657,000
2,733,000
2,891,000
2,992,000
3,013,000
3,036,000
3,169,000

3,169,000

3,036,000

3,013,000

2,992,000

2,891,000

2,733,000

2,657,000

2,513,000

2,906,000

2,984,000

2,816,000

2,589,000

2,411,000

2,144,000

1,931,000

1,803,000

1,727,000

1,839,000

1,694,000

1,559,000

1,467,000

1,335,000

1,213,000

1,073,000

981,000

834,000

814,000

812,000

795,000

792,000

748,000

831,000

879,000

912,869

914,028

951,590

1,025,998

1,039,908

1,076,749

1,048,062

1,008,940

958,658

910,343

896,579

886,364

857,002

833,029

820,979

799,063

776,925

745,948

755,700

754,406

730,032

730,707

720,653

720,919

712,129

706,544

699,424

694,636

710,738

889,126

917,491

899,155

902,693

932,556

943,371

911,128

877,681

919,012

921,069

888,010

850,514

820,470

858,655

828,967

797,654

761,338

726,374

692,629

651,915

621,155

594,712

558,355

534,155

504,987

483,593

458,653

445,007

425,542

405,897

389,122

371,288

351,748

345,412

367,193

349,300

327,700

301,700

282,600

270,900

213,600

201,700

190,300

179,600

166,800

157,400

150,900

140,500

130,000

121,900

114,700

108,200

90,100

82,000

76,400

70,400

65,100

60,600

55,400

50,300

46,000

42,200

39,000

36,200

33,000

30,700

30,900

11,900

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,000
24,000
0
25,000
24,000
25,000
0
26,000
26,000
243,000
0
0
0
300
300
315
315
316
315
315
315
315
315
315
315
315
315
315
315
473
474
476
478
717
718
720
721
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
722
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1,000

722

721

720

718

717

478

476

474

473

315

316

315

300

243,000

26,000

25,000

24,000

25,000

24,000

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,016,605
1,042,756
1,070,973
1,132,607
1,165,571
1,210,572
1,245,616
1,275,780
1,306,433
1,333,530
1,368,520
1,392,062
1,422,628
1,461,228
1,502,878
1,544,484
1,572,041
1,586,986
1,535,307
1,510,010
1,433,752
1,404,802
1,377,000
1,351,000
1,306,000
1,223,000
1,240,000
1,239,000
1,256,000
1,244,000
1,248,000
1,376,000
1,446,000
1,573,000
1,688,000
1,803,000
1,927,000
2,063,000
2,232,000
2,321,000
2,421,000
2,537,000
2,736,000
2,964,000
3,183,000
3,382,000
3,573,000
3,778,000
3,680,000
3,850,000
4,036,000
4,186,000
4,330,000
0
0
0

4,330,000

4,186,000

4,036,000

3,850,000

3,680,000

3,778,000

3,573,000

3,382,000

3,183,000

2,964,000

2,736,000

2,537,000

2,421,000

2,321,000

2,232,000

2,063,000

1,927,000

1,803,000

1,688,000

1,573,000

1,446,000

1,376,000

1,248,000

1,244,000

1,256,000

1,239,000

1,240,000

1,223,000

1,306,000

1,351,000

1,377,000

1,404,802

1,433,752

1,510,010

1,535,307

1,586,986

1,572,041

1,544,484

1,502,878

1,461,228

1,422,628

1,392,062

1,368,520

1,333,530

1,306,433

1,275,780

1,245,616

1,210,572

1,165,571

1,132,607

1,070,973

1,042,756

1,016,605

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-10,800
0
2,000
0
-14,600
0
0
2,372,000
0
0
-2,000
300
-500
-920
-1,833
-3,334
-3,416
-4,789
-3,994
-983
-1,393
-3,569
-652
-964
-28
-885
1,259
2,560
3,429
6,133
3,578
4,402
6,267
5,409
4,698
4,111
2,377
-1,336
844
4,367
6,812
6,740
7,958
7,017
4,995
3,542
5,771
4,982
-12,789
-13,775
-7,881
-7,896
-8,061
-8,751
-9,384
-10,324
-9,349
-12,672
-12,595
-7,444
-4,213
-8,206
-5,747
-9,290
-10,325
-8,560
-9,595
-9,987
-9,781
-9,187
-8,092
-3,691
-8,547
-15,636
-25,646
-46,356
-48,669
-66,000
-64,000
-61,000
-45,000
-49,000
-57,000
-55,000
-52,000
-46,000
-30,000
-29,000
-35,000
-31,000
-40,000
-31,000
-44,000
-51,000
-58,000
-62,000
-69,000
-40,000
-38,000
-28,000
-29,000
-29,000
-28,000
-34,000
-66,000
-66,000
-60,000
-44,000
-54,000
-50,000

-50,000

-54,000

-44,000

-60,000

-66,000

-34,000

-28,000

-29,000

-28,000

-38,000

-40,000

-69,000

-62,000

-58,000

-51,000

-44,000

-31,000

-40,000

-31,000

-35,000

-29,000

-30,000

-46,000

-52,000

-55,000

-57,000

-49,000

-45,000

-61,000

-64,000

-66,000

-48,669

-46,356

-25,646

-15,636

-8,547

-3,691

-8,092

-9,187

-9,781

-9,987

-9,595

-8,560

-10,325

-9,290

-5,747

-8,206

-4,213

-7,444

-12,595

-12,672

-9,349

-10,324

-9,384

-8,751

-8,061

-7,896

-7,881

-13,775

-12,789

4,982

5,771

3,542

4,995

7,017

7,958

6,740

6,812

4,367

844

-1,336

2,377

4,111

4,698

5,409

6,267

4,402

3,578

6,133

3,429

2,560

1,259

-885

-28

-964

-652

-3,569

-1,393

-983

-3,994

-4,789

-3,416

-3,334

-1,833

-920

-500

300

-2,000

2,372,000

-14,600

2,000

-10,800

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
125,682
128,068
129,715
133,232
127,004
129,608
131,422
134,472
131,881
136,750
139,523
140,736
137,342
139,768
143,295
146,910
149,475
153,026
147,090
160,305
175,582
187,091
194,000
204,000
189,000
199,000
210,000
234,000
234,000
245,000
257,000
266,000
273,000
282,000
294,000
305,000
314,000
324,000
339,000
346,000
350,000
372,000
395,000
405,000
427,000
447,000
462,000
487,000
512,000
542,000
561,000
584,000
580,000
0
0
0

580,000

584,000

561,000

542,000

512,000

487,000

462,000

447,000

427,000

405,000

395,000

372,000

350,000

346,000

339,000

324,000

314,000

305,000

294,000

282,000

273,000

266,000

257,000

245,000

234,000

210,000

199,000

189,000

204,000

194,000

187,091

175,582

160,305

147,090

153,026

149,475

146,910

143,295

139,768

137,342

140,736

139,523

136,750

131,881

134,472

131,422

129,608

127,004

133,232

129,715

128,068

125,682

Treasury Stock

-1,652,000

-1,331,000

-1,023,000

-986,000

-984,000

-919,000

-917,000

-911,000

-890,000

-689,000

-663,000

-643,000

-611,000

-613,000

-614,000

-617,000

-616,000

-620,000

-621,000

-622,000

-630,000

-614,000

-615,000

-629,000

-631,000

-632,231

-632,820

-629,403

-634,664

-660,294

-666,084

-673,989

-678,456

-681,388

-654,518

-638,596

-641,438

-628,683

-612,310

-603,705

-596,622

-587,510

-525,002

-499,483

-462,029

-430,515

-412,972

-401,123

-385,831

-372,800

-367,464

-365,376

-344,147

-299,757

-247,409

-236,722

-205,058

-146,360

-107,318

-110,870

-119,335

-52,542

-50,087

-52,060

-64,013

-68,164

-1,142

-2,913

-12,902

-16,760

-22,509

-25,030

-33,810

-35,482

-40,603

-43,566

-46,039

-50,128

-51,975

-37,836

Other Stockholders Equity

0
0
0
100
0
0
24,500
24,500
24,500
24,600
24,500
24,400
24,500
24,600
24,600
24,500
24,900
25,100
25,500
24,900
26,300
0
0
28,500
29,700
6,700
6,100
42,700
-4,000
4,300
4,700
45,400
5,100
5,200
-2,583,100
51,100
50,200
54,200
57,600
60,100
63,166
25,647
10,894
13,363
15,640
17,149
18,902
23,530
24,412
29,975
31,812
39,718
42,735
54,686
56,671
62,166
72,240
79,110
81,691
84,180
89,242
92,877
25,839
29,323
83,080
86,287
84,970
19,748
26,551
31,943
-4,892
-63,536
-93,265
-102,684
-156,030
-199,286
-223,754
-233,871
-237,847
-249,727
-264,980
-287,290
-302,447
-332,314
-366,251
-397,998
-457,902
-465,200
-469,233
-480,429
-491,933
-501,915
-497,860
-517,176
-541,620
-535,161
-527,079
-516,609
-507,268
-487,574
-469,098
-457,238
-445,140
-437,158
-425,000
-426,000
-415,000
-404,000
-396,000
-388,000
-376,000
-363,000
-350,000
-344,000
-332,000
-319,000
-306,000
-329,000
-339,000
-350,000
-544,000
-561,000
-545,000
-524,000
-514,000
-557,000
-539,000
-561,000
-844,000
-1,140,000
-1,160,000
-1,238,000
-1,230,000
-1,279,000
-1,259,000
-1,243,000
-1,229,000

-1,229,000

-1,243,000

-1,259,000

-1,279,000

-1,230,000

-1,238,000

-1,160,000

-1,140,000

-844,000

-561,000

-539,000

-557,000

-514,000

-524,000

-545,000

-561,000

-544,000

-350,000

-339,000

-329,000

-306,000

-319,000

-332,000

-344,000

-350,000

-363,000

-376,000

-388,000

-396,000

-404,000

-415,000

-426,000

-425,000

-437,158

-445,140

-457,238

-469,098

-487,574

-507,268

-516,609

-527,079

-535,161

-541,620

-517,176

-497,860

-501,915

-491,933

-480,429

-469,233

-465,200

-457,902

-397,998

-366,251

-332,314

-302,447

-287,290

-264,980

-249,727

-237,847

-233,871

-223,754

-199,286

-156,030

-102,684

-93,265

-63,536

-4,892

31,943

26,551

19,748

84,970

86,287

83,080

29,323

25,839

92,877

89,242

84,180

81,691

79,110

72,240

62,166

56,671

54,686

42,735

39,718

31,812

29,975

24,412

23,530

18,902

17,149

15,640

13,363

10,894

25,647

63,166

60,100

57,600

54,200

50,200

51,100

-2,583,100

5,200

5,100

45,400

4,700

4,300

-4,000

42,700

6,100

6,700

29,700

28,500

26,300

24,900

25,500

25,100

24,900

24,500

24,600

24,500

24,400

24,500

24,600

24,500

100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Accounts Payable	456,000	811,000	700,000	601,000	552,000	552,000	383,000	413,000	289,349	326,524	34,688	23,045	33,273	35,304	28,137	38,152	42,351	28,980	24,885	24,130	16,238	15,447	14,414	23,838	23,800	20,600	11,100	12,200	11,300	7,200	5,300	4,900	2,800	2,300
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
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
Accumulated Other Comprehensive Income	-54,000	-66,000	-29,000	-69,000	-44,000	-35,000	-52,000	-45,000	-48,669	-8,547	-9,781	-10,325	-4,213	-9,349	-8,061	-12,789	4,995	6,812	2,377	6,267	3,429	-28	-1,393	-3,416	-500	-26,600	-14,600	-10,800	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
Capital Lease Obligations	194,000	176,000	121,000	129,000	129,000	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
Capital Stock	1,000	1,000	1,000	1,000	1,000	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	561,000	462,000	395,000	339,000	294,000	257,000	210,000	194,000	147,090	143,295	139,523	131,422	129,715	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	138,000	105,000	332,000	168,000	30,000	44,000	62,000	156,000	192,394	393,950	62,827	64,740	36,353	47,476	38,943	33,267	38,211	41,014	25,621	17,983	14,266	18,418	26,328	24,815	38,500	11,400	7,200	5,200	10,000	10,400	2,400	1,000	800	700
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
Cash And Short Term Investments	138,000	105,000	332,000	168,000	30,000	44,000	62,000	156,000	192,394	418,335	413,207	388,880	218,751	173,043	153,007	118,921	136,649	260,944	544,239	557,993	449,964	348,577	249,349	156,714	235,600	11,400	7,200	5,200	10,000	10,400	2,400	1,000	800	700
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	722	722	722	722	722	722	722	722	722	722	722	718	474	315	315	315	300	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	51,711	52,559	53,902	53,913	54,594	54,253	53,689	51,579	50,996	51,380	51,063	51,843	54,191	57,428	59,425	64,524	68,908	70,956	72,000	72,398	107,243	70,346	69,482	70,099	70,922	70,146	54,632	54,486	54,182	54,094	53,924	53,847	53,847	53,847
Common Stock Total Equity	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	722	722	722	722	722	722	722	722	722	722	718	474	315	315	315	300	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	458,000	425,000	380,000	308,000	238,000	210,000	186,000	191,000	197,891	196,213	15,506	13,326	11,089	26,757	24,082	18,366	9,633	0	0	29,248	26,938	17,661	14,993	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	113,000	70,000	0	0	2,602	11,866	21,254	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	35,000	28,000	23,000	21,000	180,000	148,000	127,000	125,000	315,700	26,623	1,303	1,592	2,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	3,895,000	3,899,000	3,265,000	2,988,000	2,622,000	2,495,000	2,465,000	2,458,000	2,493,265	2,489,510	155,800	94,942	79,703	151,933	153,225	151,356	246,510	70,714	69,097	61,793	61,150	54,455	32,735	34,529	0	0	0	0	0	0	0	0	0	0
Intangible Assets	527,000	630,000	469,000	402,000	275,000	232,000	299,000	480,000	757,524	1,029,293	68,968	39,151	12,667	49,706	55,982	66,359	119,424	34,025	88,099	68,310	70,181	58,011	26,693	63,810	0	0	0	0	0	0	0	0	0	0
Inventory	804,000	860,000	491,000	511,000	474,000	520,000	458,000	345,000	393,848	394,176	121,023	123,357	133,288	113,742	79,926	100,199	85,038	81,190	63,638	59,255	42,781	38,066	39,923	56,852	42,400	39,700	22,400	21,500	20,400	17,000	14,500	9,400	7,000	5,600
Liabilities And Stockholders Equity	7,306,000	7,529,000	6,215,000	5,375,000	4,711,000	4,339,000	4,275,000	4,632,000	5,024,470	5,568,851	1,119,812	967,748	899,006	878,864	830,479	850,878	1,034,278	963,142	912,199	862,222	701,611	573,088	479,556	418,896	394,600	310,000	203,600	163,300	131,100	95,000	76,700	54,800	48,900	16,200
Long Term Debt	2,047,000	1,809,000	922,000	881,000	1,080,000	1,434,000	2,176,000	2,648,000	3,012,000	3,182,962	0	0	0	0	0	0	0	0	0	117	452	605	408	513	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	881,000	1,080,000	1,434,000	2,176,000	2,648,000	3,012,000	3,182,962	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	45,000	28,000	25,000	25,000	0	32,000	2,588	5,195	107,879	85,478	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
Net Debt	2,276,000	2,057,000	780,000	1,206,000	1,347,000	1,547,000	2,165,000	2,492,000	2,819,842	2,796,534	-62,827	-64,740	-36,353	-47,476	-38,943	-33,267	-38,211	-41,014	-25,621	-17,812	-13,661	-17,393	-25,620	-24,076	-37,400	300	-6,900	-5,000	-9,700	-10,100	2,000	3,400	-400	-200
Net Invested Capital	5,256,000	4,756,000	3,975,000	3,389,000	3,116,000	2,926,000	3,061,000	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
Net Receivables	584,000	794,000	760,000	524,000	645,000	544,000	519,000	657,000	678,444	683,390	184,539	168,732	195,921	154,146	154,542	152,679	150,775	122,540	111,551	96,881	81,867	71,299	67,160	83,941	62,900	57,700	31,000	31,600	24,900	17,100	15,400	8,000	8,500	7,500
Net Tangible Assets	0	-1,796,000	-750,000	-1,246,000	-1,058,000	-1,392,000	-1,930,000	-2,146,000	-2,354,000	-2,478,895	733,890	722,909	684,555	528,393	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	74,000	-449,000	-111,000	-578,000	-209,000	-139,000	63,000	273,000	455,995	716,203	635,049	615,649	475,899	340,484	306,127	271,831	298,660	404,836	678,366	665,062	537,932	427,676	330,510	256,799	302,800	229,700	164,900	128,800	99,900	76,300	56,000	39,400	29,700	10,400
Non Current Assets Total	5,634,000	5,646,000	4,526,000	4,102,000	3,516,000	3,177,000	3,212,000	3,410,000	3,692,029	3,896,801	365,709	256,885	314,133	402,329	419,542	454,060	613,446	483,452	179,485	137,584	118,077	108,508	115,218	115,210	48,700	43,500	16,100	14,300	11,800	6,300	5,200	3,400	2,100	2,000
Non Current Liabilities Other	94,000	108,000	67,000	499,000	388,000	89,000	117,000	116,000	115,000	74,434	15,477	14,229	11,515	10,375	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,672,000	2,464,000	1,431,000	1,380,000	1,468,000	1,703,000	2,441,000	2,891,000	3,235,155	3,573,096	42,100	15,532	13,107	12,781	13,540	15,153	9,413	10,607	7,337	4,992	4,094	2,029	721	721	2,200	2,300	1,400	2,600	3,500	600	600	600	1,100	500
Non Currrent Assets Other	134,000	116,000	96,000	87,000	81,000	59,000	40,000	42,000	52,030	-51,864	8,955	13,646	4,196	5,206	4,915	5,405	9,386	11,120	41,743	22,991	8,610	9,313	14,146	9,813	7,000	4,600	3,300	3,000	3,500	700	300	0	100	100
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	523,000	288,000	303,000	208,000	173,000	159,000	155,000	96,000	59,931	7,523	7,053	15,982	26,460	40,225	55,844	37,523	22,937	41,643	22,891	8,610	11,035	15,048	9,813	0	0	0	0	0	0	0	0	0	0
Other Current Assets	146,000	124,000	106,000	70,000	46,000	54,000	24,000	64,000	67,755	53,377	15,524	16,410	36,913	35,373	22,288	25,019	48,370	15,016	13,286	10,509	8,922	6,638	7,906	6,179	5,000	157,700	126,900	90,700	64,000	44,200	39,200	33,000	30,500	400
Other Current Liab	469,000	882,000	651,000	578,000	417,000	382,000	380,000	323,000	389,182	425,588	61,962	57,234	64,612	68,090	52,591	67,911	751	45,874	29,463	6,144	2,273	3,376	4,121	22,823	18,800	4,500	11,300	7,900	8,000	5,100	6,100	3,000	14,300	1,400
Other Liab	0	516,000	387,000	370,000	280,000	269,000	250,000	220,000	217,000	190,281	16,608	15,532	13,107	12,781	13,540	15,153	9,413	10,607	6,095	4,458	2,919	1,424	313	208	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	-1,243,000	-1,238,000	-561,000	-524,000	-350,000	-319,000	-363,000	-404,000	-437,158	-487,574	-535,161	-501,915	-465,200	-332,314	-249,727	-199,286	-63,536	19,748	29,323	84,180	62,166	39,718	23,530	13,363	60,100	77,700	45,400	42,700	28,500	24,900	24,500	24,400	24,500	100
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	900,000	434,000	403,000	409,000	366,000	249,000	264,000	292,000	298,000	255,092	109,588	101,349	97,822	88,983	77,589	75,363	67,686	57,431	49,643	46,283	39,286	39,462	40,742	41,587	41,700	38,900	12,800	11,300	0	0	0	0	0	0
Property Plant And Equipment Net	478,000	434,000	403,000	409,000	366,000	249,000	264,000	292,000	297,601	255,092	109,588	101,349	97,822	88,983	77,589	75,363	67,686	57,431	49,643	46,283	39,286	39,462	40,742	41,587	41,700	38,900	12,800	11,300	8,300	5,600	4,900	3,400	2,000	1,900
Property Plant Equipment	0	278,000	272,000	274,000	259,000	249,000	264,000	292,000	298,000	255,092	109,588	101,349	97,822	88,983	77,589	75,363	67,686	57,431	49,643	46,283	39,286	39,462	40,742	41,587	0	0	0	0	0	0	0	0	0	0
Retained Earnings	4,332,000	4,036,000	3,573,000	2,736,000	2,232,000	1,688,000	1,248,000	1,240,000	1,397,974	1,535,307	1,502,878	1,368,520	1,245,616	1,070,973	969,195	922,091	960,512	850,399	818,092	706,489	585,846	494,150	422,555	361,026	289,400	219,800	148,800	108,600	79,700	57,100	36,100	17,800	6,200	11,800
Retained Earnings Total Equity	0	4,036,000	3,573,000	2,736,000	2,232,000	1,688,000	1,248,000	1,240,000	1,377,000	1,535,307	1,502,878	1,368,520	1,245,616	1,070,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	173,000	214,000	69,000	364,000	197,000	157,000	51,000	2,671,000	3,035,000	4,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,414,000	2,162,000	1,112,000	1,374,000	1,377,000	1,591,000	2,227,000	2,648,000	3,012,236	3,190,484	0	0	0	0	0	0	0	0	0	171	605	1,025	708	739	1,100	11,700	300	200	300	300	4,400	4,400	400	500
Short Term Debt	215,000	214,000	69,000	364,000	197,000	157,000	51,000	22,000	24	7,522	6,898	1,609	0	5,900	0	558	69,437	0	0	54	153	420	300	226	500	11,700	200	100	100	100	4,100	4,100	0	100
Short Term Investments	34,000	25,000	0	0	0	2,000	0	0	0	24,385	350,380	324,140	182,398	125,567	114,064	85,654	98,438	219,930	518,618	540,010	435,698	330,159	223,021	131,899	197,100	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
Total Assets	7,306,000	7,529,000	6,215,000	5,375,000	4,711,000	4,339,000	4,275,000	4,632,000	5,024,470	5,568,851	1,119,812	967,748	899,006	878,864	830,479	850,878	1,034,278	963,142	912,199	862,222	701,611	573,088	479,556	418,896	394,600	310,000	203,600	163,300	131,100	95,000	76,700	54,800	48,900	16,200
Total Current Assets	1,672,000	1,883,000	1,689,000	1,273,000	1,195,000	1,162,000	1,063,000	1,222,000	1,332,441	1,672,050	754,103	710,863	584,873	476,535	410,937	396,818	420,832	479,690	732,714	724,638	583,534	464,580	364,338	303,686	345,900	266,500	187,500	149,000	119,300	88,700	71,500	51,400	46,800	14,200
Total Current Liabilities	1,598,000	2,332,000	1,800,000	1,851,000	1,404,000	1,301,000	1,000,000	949,000	876,446	955,847	119,054	95,214	108,974	136,051	104,810	124,987	122,172	74,854	54,348	59,576	45,602	36,904	33,828	46,887	43,100	36,800	22,600	20,200	19,400	12,400	15,500	12,000	17,100	3,800
Total Liab	4,270,000	4,796,000	3,231,000	3,231,000	2,872,000	3,004,000	3,441,000	3,840,000	4,111,601	4,528,943	161,154	110,746	122,081	148,832	118,350	140,140	131,585	85,461	61,685	64,568	49,696	38,933	34,549	47,608	45,300	39,100	24,000	22,800	22,900	13,000	16,100	12,600	18,200	4,300
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
Total Stockholder Equity	3,036,000	2,733,000	2,984,000	2,144,000	1,839,000	1,335,000	834,000	792,000	912,869	1,039,908	958,658	857,002	776,925	730,032	712,129	710,738	902,693	877,681	850,514	797,654	651,915	534,155	445,007	371,288	349,300	270,900	179,600	140,500	108,200	82,000	60,600	42,200	30,700	11,900
Treasury Stock	0	0	-1,023,000	-919,000	-689,000	-613,000	-620,000	-614,000	-631,000	-634,664	-678,456	-641,438	-596,622	-462,029	-385,831	-344,147	-205,058	-119,335	-64,013	0	0	-16,760	-35,482	-50,128	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

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31
Accounts Payable	467,000	456,000	433,000	562,000	602,000	811,000	835,000	827,000	691,000	700,000	609,000	597,000	573,000	601,000	546,000	503,000	447,000	552,000	502,000	472,000	457,000	552,000	498,000	442,000	411,000	383,000	426,000	436,000	365,000	413,000	360,000	347,000	316,000	289,349	314,279	281,771	284,730	326,524	46,083	31,752	34,637	34,688	26,675	31,945	20,141	23,045	28,180	29,216	33,019	33,273	30,924	35,728	32,413	35,304	33,908	30,200	26,870	28,137	22,716	28,114	30,089	38,152	46,744	56,882	47,119	42,351	33,815	32,443	25,975	28,980	25,160	24,194	22,860	24,885	24,117	21,674	23,174	24,130	22,033	17,216	20,768	16,238	17,534	16,492	18,272	15,447	17,107	17,402	15,606	14,414	18,611	16,298	18,405	23,838	23,392	32,534	20,681	23,800	25,600	17,600	17,700	20,600	12,400	12,800	11,300	11,100	10,000	12,500	9,100	12,200	8,100	7,800	9,700	11,300	-	-	8,300	7,200	5,600	4,200	4,200	5,300	4,600	2,500	3,300	4,900	3,600	2,700	2,500	2,800	2,000	-	-	2,300	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-50,000	-54,000	-44,000	-60,000	-66,000	-66,000	-34,000	-28,000	-29,000	-29,000	-28,000	-38,000	-40,000	-69,000	-62,000	-58,000	-51,000	-44,000	-31,000	-40,000	-31,000	-35,000	-29,000	-30,000	-46,000	-52,000	-55,000	-57,000	-49,000	-45,000	-61,000	-64,000	-66,000	-48,669	-46,356	-25,646	-15,636	-8,547	-3,691	-8,092	-9,187	-9,781	-9,987	-9,595	-8,560	-10,325	-9,290	-5,747	-8,206	-4,213	-7,444	-12,595	-12,672	-9,349	-10,324	-9,384	-8,751	-8,061	-7,896	-7,881	-13,775	-12,789	4,982	5,771	3,542	4,995	7,017	7,958	6,740	6,812	4,367	844	-1,336	2,377	4,111	4,698	5,409	6,267	4,402	3,578	6,133	3,429	2,560	1,259	-885	-28	-964	-652	-3,569	-1,393	-983	-3,994	-4,789	-3,416	-3,334	-1,833	-920	-500	300	-2,000	0	0	2,372,000	0	0	-14,600	0	2,000	0	-10,800	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Capital Lease Obligations	192,000	194,000	150,000	157,000	157,000	176,000	185,000	194,000	122,000	121,000	120,000	118,000	122,000	129,000	110,000	105,000	95,000	129,000	105,000	104,000	102,000	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	0	0	0	0	0	0	0	0	0	0	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	1,000	1,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Capital Surpluse	0	0	0	580,000	584,000	561,000	542,000	512,000	487,000	462,000	447,000	427,000	405,000	395,000	372,000	350,000	346,000	339,000	324,000	314,000	305,000	294,000	282,000	273,000	266,000	257,000	245,000	234,000	234,000	210,000	199,000	189,000	204,000	194,000	187,091	175,582	160,305	147,090	153,026	149,475	146,910	143,295	139,768	137,342	140,736	139,523	136,750	131,881	134,472	131,422	129,608	127,004	133,232	129,715	128,068	125,682	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	127,000	138,000	61,000	68,000	85,000	105,000	81,000	98,000	141,000	332,000	307,000	318,000	177,000	168,000	39,000	63,000	24,000	30,000	33,000	27,000	61,000	44,000	45,000	46,000	64,000	62,000	88,000	95,000	180,000	156,000	163,000	141,000	194,000	192,394	258,022	204,918	329,534	393,950	60,214	70,349	51,424	62,827	64,196	55,886	49,592	64,740	52,253	105,368	41,943	36,353	43,781	92,956	79,685	47,476	47,447	41,282	35,988	38,943	39,048	44,792	34,699	33,267	46,877	41,916	56,814	38,211	33,031	63,210	41,330	41,014	39,557	27,627	17,543	25,621	18,449	10,098	15,351	17,983	10,269	9,387	17,312	14,266	19,883	19,117	26,509	18,418	12,979	17,053	20,005	26,328	9,432	17,909	35,329	24,815	36,344	41,189	134,858	38,500	19,800	28,000	21,300	11,400	7,100	9,400	8,400	7,200	9,700	11,600	8,400	5,200	4,800	9,600	8,400	10,000	-	-	9,700	10,400	6,000	7,100	1,500	2,400	3,300	700	1,000	1,000	1,700	800	400	800	30,900	-	-	700	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Cash And Short Term Investments	127,000	138,000	61,000	68,000	85,000	105,000	81,000	98,000	141,000	332,000	307,000	318,000	177,000	168,000	39,000	63,000	24,000	30,000	33,000	27,000	61,000	44,000	45,000	46,000	64,000	62,000	88,000	95,000	180,000	156,000	163,000	141,000	194,000	192,394	258,022	204,918	329,534	418,335	541,920	525,993	465,567	413,207	463,737	445,685	414,121	388,880	212,943	252,853	217,112	218,751	190,896	256,465	244,497	173,043	170,505	177,696	172,553	153,007	130,103	116,387	92,770	118,921	128,523	123,852	154,221	136,649	298,837	209,306	185,236	260,944	204,726	207,401	216,305	544,239	529,723	573,810	573,207	557,993	523,040	498,944	487,583	449,964	422,622	401,348	375,927	348,577	311,205	289,329	270,292	249,349	211,099	183,580	180,973	156,714	143,350	175,713	298,478	235,600	216,100	28,000	21,300	11,400	7,100	9,400	8,400	7,200	9,700	11,600	8,400	5,200	4,800	9,600	8,400	10,000	-	-	9,700	10,400	6,000	7,100	1,500	2,400	3,300	700	1,000	1,000	1,700	800	400	800	30,900	-	-	700	-	-	-
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	722	721	720	718	717	478	476	474	473	315	315	315	315	315	315	315	315	315	315	315	316	315	315	300	300	0	0	0	243,000	26,000	26,000	0	25,000	24,000	25,000	0	24,000	24,000	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Common Stock Shares Outstanding	51,791	51,687	51,337	51,707	51,748	51,942	52,158	52,138	53,447	53,878	53,867	53,908	53,964	53,784	53,716	53,676	54,318	54,542	54,638	54,649	54,245	54,502	54,425	54,256	53,986	53,851	52,221	53,129	52,947	52,573	51,690	51,533	51,300	51,207	51,152	50,917	50,667	50,452	51,461	51,278	50,974	50,666	50,924	51,283	51,366	51,262	51,809	52,030	52,301	52,354	53,628	54,958	55,774	55,774	56,998	57,737	58,265	58,265	59,083	59,352	60,332	60,332	64,653	65,502	66,518	66,518	69,005	69,559	69,367	69,367	70,802	71,229	71,119	71,119	71,817	72,679	76,490	72,717	72,673	108,831	108,349	108,349	107,678	107,015	159,279	159,279	70,340	70,265	157,165	157,165	69,482	69,370	69,278	69,278	69,406	158,662	161,616	161,616	70,388	158,212	69,629	69,629	54,688	54,668	54,656	54,656	54,508	54,508	54,486	54,486	54,434	54,387	54,387	54,387	54,126	54,126	54,126	54,126	54,031	53,924	53,924	53,924	53,847	53,901	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847	53,847
Common Stock Total Equity	0	0	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	722	1,000	1,000	1,000	722	1,000	1,000	1,000	722	1,000	722	722	722	1,000	1,000	1,000	722	1,000	1,000	1,000	722	1,000	1,000	1,000	722	1,000	1,000	1,000	722	722	722	722	722	722	1,000	1,000	722	1,000	1,000	1,000	718	1,000	0	0	474	0	0	315	315	0	0	315	315	0	315	315	315	316	0	0	300	0	0	0	0	243,000	26,000	26,000	0	25,000	24,000	25,000	0	24,000	24,000	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Current Deferred Revenue	456,000	458,000	428,000	443,000	447,000	425,000	401,000	413,000	397,000	380,000	363,000	348,000	344,000	308,000	286,000	273,000	252,000	238,000	230,000	230,000	222,000	210,000	199,000	198,000	201,000	186,000	213,000	214,000	217,000	191,000	204,000	209,000	208,000	197,891	203,792	215,458	225,112	196,213	18,965	16,896	16,411	15,506	15,104	12,416	13,445	13,326	12,288	11,992	12,065	11,089	10,276	11,928	11,019	26,757	22,292	23,404	22,553	24,082	21,867	20,121	19,766	18,366	21,906	14,750	11,111	9,633	0	0	0	9,464	0	8,419	8,097	0	27,871	27,501	26,355	29,248	25,915	24,837	22,121	4,507	19,535	16,918	16,190	17,661	13,628	12,698	11,878	14,993	4,984	12,297	12,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
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	115,000	0	125,000	124,000	121,000	113,000	83,000	71,000	74,000	70,000	0	0	0	0	0	0	0	0	0	0	2,134	2,602	7,536	12,260	11,995	11,866	18,241	17,926	19,286	21,254	32,234	33,357	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	75,000	75,000	35,000	78,000	71,000	4,000	28,000	0	0	0	23,000	0	0	0	21,000	1,000	1,000	1,000	180,000	13,000	142,000	144,000	148,000	129,000	124,000	130,000	127,000	101,000	118,000	118,000	125,000	237,236	265,161	300,231	315,700	29,183	29,955	26,560	26,623	3,492	2,876	1,245	1,303	1,406	1,521	1,496	1,592	1,695	1,810	1,799	2,406	2,853	3,278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Good Will	3,894,000	3,895,000	3,893,000	3,895,000	3,895,000	3,899,000	3,891,000	3,929,000	3,266,000	3,265,000	3,194,000	2,989,000	2,989,000	2,988,000	2,998,000	2,621,000	2,618,000	2,622,000	2,618,000	2,622,000	2,567,000	2,495,000	2,496,000	2,462,000	2,463,000	2,465,000	2,465,000	2,464,000	2,460,000	2,458,000	2,460,000	2,496,000	2,495,000	2,493,265	2,488,501	2,482,858	2,482,528	2,489,510	153,515	155,800	155,800	155,800	94,942	94,942	94,942	94,942	95,345	79,703	79,703	79,703	79,703	79,703	79,703	151,933	152,418	151,008	152,288	153,225	153,497	152,856	150,404	151,356	264,647	261,517	247,670	246,510	161,877	151,394	151,147	70,714	69,097	69,097	69,097	69,097	69,097	69,095	70,182	61,793	61,137	61,137	61,074	61,150	54,455	54,455	54,455	54,455	54,455	54,455	54,455	32,735	33,183	33,632	34,080	34,529	0	35,000	0	0	0	0	0	0	0	1,000	1,000	0	1,000	1,000	1,000	0	1,000	1,000	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Intangible Assets	501,000	527,000	552,000	578,000	604,000	630,000	659,000	659,000	437,000	469,000	456,000	372,000	376,000	402,000	427,000	242,000	258,000	275,000	290,000	323,000	311,000	232,000	260,000	252,000	276,000	299,000	332,000	380,000	430,000	480,000	533,000	640,000	700,000	757,524	816,933	898,004	961,704	1,029,293	61,032	63,629	66,296	68,968	33,594	35,425	37,288	39,151	39,017	11,127	11,897	12,667	7,441	8,084	8,920	49,706	51,592	52,597	53,486	55,982	58,633	61,135	63,916	66,359	114,615	119,058	115,287	119,424	62,235	58,493	60,841	34,025	34,104	20,700	18,555	88,099	88,898	83,904	76,054	68,310	68,301	68,947	69,510	70,181	56,897	57,268	57,639	58,011	58,397	58,694	4,606	26,693	27,571	28,417	28,446	63,810	65,107	66,075	0	189	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Inventory	705,000	804,000	848,000	864,000	835,000	860,000	814,000	632,000	469,000	491,000	438,000	485,000	528,000	511,000	484,000	513,000	443,000	474,000	468,000	484,000	510,000	520,000	493,000	465,000	448,000	458,000	492,000	414,000	376,000	345,000	345,000	362,000	386,000	393,848	408,158	404,472	405,469	394,176	139,621	126,103	119,373	121,023	106,628	109,149	116,417	123,357	122,915	116,689	126,119	133,288	120,378	118,109	120,508	113,742	95,842	85,010	81,565	79,926	79,807	92,897	101,248	100,199	106,261	101,339	89,443	85,038	84,512	79,478	79,560	81,190	82,072	77,369	66,605	63,638	63,684	63,569	63,901	59,255	54,313	47,613	48,009	42,781	39,072	40,030	40,221	38,066	36,733	39,949	36,817	39,923	43,247	47,974	55,947	56,852	53,773	55,514	47,182	42,400	36,100	32,200	34,800	39,700	20,100	19,900	21,500	22,400	21,300	22,500	20,400	21,500	20,000	20,700	20,500	20,400	-	-	17,700	17,000	15,800	14,900	15,800	14,500	11,600	10,700	9,800	9,400	6,700	6,400	7,100	7,000	5,700	-	-	5,600	-	-	-
Liabilities And Stockholders Equity	7,259,000	7,306,000	7,331,000	7,456,000	7,474,000	7,529,000	7,448,000	7,385,000	6,129,000	6,215,000	5,865,000	5,593,000	5,411,000	5,375,000	5,245,000	4,607,000	4,540,000	4,711,000	4,708,000	4,701,000	4,576,000	4,339,000	4,400,000	4,275,000	4,249,000	4,275,000	4,526,000	4,445,000	4,531,000	4,632,000	4,698,000	4,791,000	4,921,000	5,024,470	5,178,990	5,259,580	5,454,630	5,568,851	1,283,170	1,218,969	1,162,379	1,119,812	1,027,638	1,018,555	983,597	967,748	940,690	928,790	905,086	899,006	851,772	871,369	894,207	878,864	871,645	841,955	826,957	830,479	813,429	808,679	802,829	850,878	1,037,828	1,070,463	1,066,606	1,034,278	1,038,068	1,032,623	1,001,054	963,142	988,063	985,848	952,476	912,199	882,301	918,863	901,066	862,222	819,763	777,613	752,703	701,611	669,759	639,114	611,293	573,088	543,057	520,337	497,501	479,556	462,535	437,725	434,985	418,896	398,420	431,840	458,058	394,600	375,700	340,900	322,800	310,000	238,600	226,300	213,200	203,600	188,800	180,900	176,500	163,300	150,100	140,200	135,900	131,100	-	-	106,700	95,000	88,200	85,200	80,700	76,700	70,800	61,000	58,800	54,800	50,200	47,800	45,900	48,900	45,700	-	-	16,200	-	-	-
Long Term Debt	1,815,000	2,047,000	2,121,000	2,042,000	1,880,000	1,809,000	2,017,000	2,017,000	913,000	922,000	940,000	944,000	956,000	881,000	1,086,000	986,000	1,167,000	1,080,000	1,314,000	1,561,000	1,605,000	1,434,000	1,829,000	1,914,000	2,090,000	2,176,000	2,451,000	2,418,000	2,573,000	2,648,000	2,788,000	2,873,000	2,937,000	3,012,000	3,043,225	3,040,361	3,144,177	3,182,962	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	75	89	103	117	131	437	351	452	409	379	416	605	216	242	233	408	292	292	319	513	375	446	466	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	956,000	881,000	1,086,000	986,000	1,167,000	1,080,000	1,314,000	1,561,000	1,605,000	1,434,000	1,829,000	1,914,000	2,090,000	2,176,000	2,451,000	2,418,000	2,573,000	2,648,000	2,788,000	2,873,000	2,937,000	3,012,000	3,043,225	3,040,361	3,144,177	3,182,962	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	45,000	0	0	0	28,000	17,000	12,000	0	25,000	0	0	0	25,000	0	0	0	0	0	0	0	32,000	0	0	2,588	2,588	2,588	8,353	3,443	5,195	155,852	133,969	145,132	107,879	108,086	100,138	143,106	85,478	90,076	76,040	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Net Debt	2,152,000	2,276,000	2,362,000	2,297,000	2,167,000	2,057,000	2,265,000	2,257,000	1,077,000	780,000	804,000	791,000	1,035,000	1,206,000	1,638,000	1,261,000	1,468,000	1,347,000	1,591,000	1,794,000	1,777,000	1,547,000	1,855,000	1,953,000	2,069,000	2,165,000	2,397,000	2,323,000	2,393,000	2,492,000	2,625,000	2,732,000	2,743,000	2,819,842	2,785,203	2,835,443	2,814,643	2,796,534	-56,742	-67,916	-51,424	-62,827	-64,196	-55,886	-49,592	-64,740	-52,253	-105,368	-41,943	-36,353	-43,781	-92,956	-79,685	-47,476	-47,447	-41,282	-35,988	-38,943	-39,048	-44,792	-34,699	-33,267	-46,877	-41,916	-56,814	-38,211	-33,031	-63,210	-41,330	-41,014	-39,557	-27,627	-17,543	-25,621	-18,318	-9,954	-15,193	-17,812	-10,083	-8,790	-16,779	-13,661	-19,307	-17,946	-25,647	-17,393	-12,363	-15,849	-19,385	-25,620	-8,750	-17,232	-34,712	-24,076	-34,681	-5,374	-84,004	-37,400	-19,600	-27,800	-21,100	300	-6,900	-9,200	-8,200	-6,900	-9,400	-11,300	-8,200	-5,000	-2,400	-7,200	-6,100	-9,700	-	-	-9,400	-10,100	-5,600	-2,700	2,900	2,000	1,100	3,700	-600	3,400	2,800	3,700	4,100	-400	-30,500	-	-	-200	-	-	-
Net Invested Capital	5,256,000	5,256,000	5,286,000	5,200,000	4,986,000	4,756,000	4,818,000	4,674,000	4,002,000	3,975,000	3,807,000	3,580,000	3,501,000	3,389,000	3,498,000	3,022,000	3,124,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	652,000	584,000	581,000	683,000	758,000	794,000	815,000	945,000	822,000	760,000	685,000	621,000	528,000	524,000	594,000	458,000	536,000	645,000	664,000	634,000	509,000	544,000	612,000	546,000	502,000	519,000	656,000	592,000	578,000	657,000	599,000	631,000	606,000	678,444	636,537	723,433	698,293	683,390	197,356	174,286	182,386	184,539	181,243	178,337	169,255	168,732	165,160	173,565	177,821	195,921	191,601	159,781	153,508	154,146	165,423	150,092	145,642	155,716	144,744	139,786	144,433	152,679	171,928	179,081	171,862	150,775	133,880	124,584	136,867	122,540	122,614	115,693	116,415	111,551	98,298	104,999	101,078	96,881	95,300	95,333	82,104	81,867	82,862	79,555	78,281	71,299	78,380	73,556	72,317	67,160	82,831	79,517	76,573	83,941	81,014	78,967	59,203	62,900	70,800	65,100	58,900	57,700	41,900	38,200	31,700	31,000	31,800	29,800	28,200	31,600	29,000	26,200	25,300	24,900	-	-	19,300	17,100	15,800	15,600	14,600	15,400	14,100	12,400	10,300	8,000	9,000	10,100	8,100	8,500	7,200	-	-	7,500	-	-	-
Net Tangible Assets	0	0	-1,432,000	-903,000	-1,004,000	-1,796,000	-1,893,000	-2,075,000	-360,000	-750,000	-834,000	-772,000	-954,000	-1,246,000	-1,494,000	-1,060,000	-1,149,000	-1,058,000	-1,214,000	-1,386,000	-1,411,000	-1,392,000	-1,543,000	-1,641,000	-1,758,000	-1,930,000	-1,983,000	-2,032,000	-2,095,000	-2,146,000	-2,245,000	-2,316,000	-2,331,000	-2,354,000	-2,391,406	-2,429,272	-2,418,234	-2,478,895	862,202	828,633	786,844	733,890	781,807	766,212	754,134	722,909	698,667	730,149	707,463	684,555	658,804	667,913	665,783	528,393	526,697	517,048	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-16,000	74,000	90,000	-17,000	-256,000	-449,000	-202,000	-307,000	-230,000	-111,000	-57,000	-24,000	-203,000	-578,000	-573,000	-295,000	-186,000	-209,000	-75,000	-12,000	-4,000	-139,000	96,000	95,000	121,000	63,000	227,000	153,000	248,000	273,000	333,000	363,000	408,000	455,995	590,331	625,686	723,123	716,203	762,836	735,969	689,651	635,049	680,890	660,792	650,242	615,649	437,911	487,425	457,429	475,899	445,277	464,030	420,524	340,253	327,272	335,019	333,039	306,127	285,052	279,210	270,867	271,831	302,030	288,800	286,764	298,660	443,473	357,237	343,684	404,836	363,295	356,687	354,923	678,366	651,407	705,284	684,897	665,062	630,069	605,314	572,538	537,932	509,976	489,986	453,328	427,676	398,016	375,154	348,413	330,510	308,930	286,921	274,998	256,799	238,284	231,131	322,003	302,800	286,500	260,500	242,000	229,700	191,100	181,900	173,200	164,900	150,600	145,200	141,200	128,800	118,700	111,900	105,800	-	-	-	84,400	76,300	71,100	65,200	60,300	56,000	51,700	47,500	43,200	39,400	36,700	35,000	31,800	29,700	-	-	-	-	-	-	-
Non Current Assets Total	5,632,000	5,634,000	5,679,000	5,703,000	5,656,000	5,646,000	5,577,000	5,579,000	4,560,000	4,526,000	4,341,000	4,067,000	4,068,000	4,102,000	4,053,000	3,513,000	3,489,000	3,516,000	3,477,000	3,513,000	3,434,000	3,177,000	3,199,000	3,166,000	3,196,000	3,212,000	3,260,000	3,309,000	3,362,000	3,410,000	3,433,000	3,569,000	3,640,000	3,692,029	3,689,735	3,760,460	3,835,656	3,896,801	362,120	359,722	361,364	365,709	248,175	255,948	253,463	256,885	409,712	347,040	354,804	314,133	312,059	303,524	345,674	402,560	415,935	398,493	400,750	419,542	435,212	435,318	439,318	454,060	601,490	640,781	623,083	613,446	501,338	598,396	579,241	483,452	562,503	570,951	539,557	179,485	176,581	162,380	151,032	137,584	136,708	125,968	125,976	118,077	114,234	107,427	107,117	108,508	108,348	109,606	111,121	115,218	117,251	119,586	114,736	115,210	114,085	114,955	47,985	48,700	44,100	43,400	42,800	43,500	22,700	20,600	18,000	16,100	16,800	12,800	13,700	14,300	14,000	13,200	12,100	11,800	-	-	6,300	6,300	5,900	5,800	5,400	5,200	4,300	3,500	3,500	3,400	3,300	2,500	2,400	2,100	1,900	-	-	2,000	-	-	-
Non Current Liabilities Other	111,000	94,000	92,000	577,000	554,000	108,000	150,000	671,000	507,000	67,000	90,000	93,000	89,000	499,000	463,000	429,000	409,000	388,000	393,000	380,000	357,000	89,000	253,000	274,000	102,000	117,000	93,000	108,000	112,000	116,000	129,000	127,000	132,000	115,000	85,577	86,034	88,373	74,434	19,024	17,674	15,515	15,477	15,230	17,285	16,096	14,229	13,188	11,965	11,674	11,515	9,693	10,044	9,993	10,375	9,647	9,581	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Non Current Liabilities Total	2,447,000	2,672,000	2,756,000	2,694,000	2,509,000	2,464,000	2,718,000	2,759,000	1,424,000	1,431,000	1,468,000	1,454,000	1,454,000	1,380,000	1,549,000	1,415,000	1,576,000	1,468,000	1,708,000	1,942,000	1,963,000	1,703,000	2,082,000	2,188,000	2,336,000	2,441,000	2,673,000	2,650,000	2,815,000	2,891,000	3,018,000	3,101,000	3,169,000	3,235,155	3,366,038	3,434,556	3,532,781	3,573,096	48,207	47,629	42,075	42,100	18,722	20,161	17,341	15,532	14,594	13,486	13,170	13,107	11,388	11,854	11,792	12,781	12,500	12,859	12,870	13,540	13,720	15,104	15,549	15,153	14,394	12,090	10,692	9,413	12,255	12,262	11,797	10,607	6,786	6,569	6,470	7,337	7,518	9,009	6,962	4,992	5,439	4,908	5,885	4,094	3,055	2,701	2,090	2,029	1,377	1,167	881	721	639	610	612	721	621	674	2,795	2,200	2,900	2,200	2,200	2,300	200	800	900	1,400	600	600	4,000	2,600	2,700	3,200	3,200	3,500	-	-	600	600	600	600	600	600	600	700	700	600	1,000	1,300	1,200	1,100	700	-	-	500	-	-	-
Non Currrent Assets Other	135,000	134,000	130,000	134,000	125,000	116,000	108,000	106,000	121,000	96,000	90,000	87,000	81,000	87,000	86,000	166,000	125,000	81,000	120,000	115,000	92,000	59,000	84,000	82,000	80,000	40,000	71,000	68,000	67,000	42,000	28,000	36,000	48,000	52,030	-49,140	-42,111	-32,945	-51,864	-11,726	-17,578	9,359	28,765	3,102	2,301	14,602	13,646	9,425	8,989	4,092	4,196	3,862	18,001	16,204	5,206	4,806	4,350	4,435	4,915	5,255	4,724	5,134	5,405	5,269	8,240	9,095	151,419	12,184	11,793	11,425	309,365	54,358	418,011	40,857	35,527	40,160	30,912	28,256	16,366	25,907	15,669	14,570	8,610	18,812	9,742	9,572	9,313	9,609	8,250	9,900	14,146	13,052	13,315	7,443	9,813	7,613	7,767	6,182	6,811	4,500	2,600	2,000	4,600	-1,422,700	4,000	3,800	3,300	3,700	-300	2,600	3,000	2,000	3,000	3,200	3,500	-	-	500	700	300	300	200	300	0	100	100	0	-100	100	0	100	-	-	-	100	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Assets	0	0	568,000	0	670,000	523,000	583,000	552,000	322,000	288,000	287,000	218,000	305,000	303,000	170,000	289,000	254,000	208,000	203,000	203,000	189,000	173,000	175,000	186,000	195,000	2,948,000	2,993,000	3,036,000	3,078,000	3,118,000	3,141,000	3,282,000	3,355,000	3,408,000	3,397,981	3,475,867	3,565,428	3,641,709	248,914	252,607	253,853	256,121	147,660	154,211	152,409	155,536	307,175	246,048	252,819	216,311	217,333	210,062	254,929	313,577	331,126	317,352	322,799	341,953	356,228	356,824	362,478	378,697	530,790	561,833	553,367	545,760	438,722	536,837	519,645	426,021	506,803	516,267	487,947	129,842	129,058	114,816	104,310	91,301	94,208	83,616	84,080	78,791	75,762	68,265	68,379	69,046	69,656	69,620	70,703	74,476	75,374	78,342	73,728	73,623	72,720	73,842	6,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Current Assets	143,000	146,000	162,000	138,000	140,000	124,000	161,000	131,000	137,000	106,000	94,000	102,000	110,000	70,000	75,000	55,000	42,000	46,000	66,000	43,000	62,000	54,000	51,000	52,000	39,000	24,000	30,000	35,000	35,000	64,000	90,000	88,000	95,000	67,755	83,096	67,304	68,971	53,377	22,673	13,055	13,879	15,524	14,421	16,246	17,379	16,410	29,960	38,643	29,230	36,913	36,838	33,490	30,020	35,373	23,940	30,664	26,447	22,288	23,563	24,291	25,060	25,019	29,626	25,410	27,997	48,370	19,501	20,859	20,150	15,016	16,148	14,434	13,594	13,286	14,015	14,105	11,848	10,509	10,402	9,755	9,031	8,922	10,969	10,754	9,747	6,638	8,391	7,897	6,954	7,906	8,000	7,068	6,756	6,179	6,198	6,691	5,210	5,000	8,600	172,200	165,000	157,700	146,800	138,200	133,600	126,900	109,200	104,200	105,800	90,700	82,300	70,500	69,600	64,000	-	-	53,700	44,200	44,700	41,800	43,400	39,200	37,500	33,700	34,200	33,000	29,500	28,000	27,900	30,500	-	-	-	400	-	-	-
Other Current Liab	407,000	469,000	549,000	599,000	810,000	882,000	658,000	690,000	528,000	651,000	558,000	558,000	495,000	578,000	452,000	380,000	308,000	417,000	369,000	342,000	336,000	382,000	337,000	289,000	277,000	380,000	366,000	314,000	324,000	323,000	36,000	10,000	23,000	389,182	370,925	358,066	364,178	425,588	83,035	65,518	52,306	61,962	49,448	50,584	43,932	57,234	50,568	53,117	47,769	64,612	53,236	801	476	68,090	66,486	53,152	43,322	52,591	48,582	45,916	42,789	67,911	2,594	2,587	13,300	751	59,442	44,547	52,154	2,683	37,105	34,016	35,136	29,463	2,269	1,969	15,553	6,144	4,983	4,118	11,118	24,704	8,313	7,499	15,940	3,376	5,558	5,076	10,096	4,121	12,369	2,238	14,338	22,823	21,371	17,851	17,001	18,800	19,300	19,200	20,100	4,500	12,200	10,800	10,500	11,300	11,200	10,200	12,400	7,900	9,200	7,000	8,200	8,000	-	-	7,600	5,100	5,500	5,900	6,700	6,100	6,100	3,400	8,700	3,000	2,500	3,500	5,100	14,300	12,100	-	-	1,400	-	-	-
Other Liab	0	0	459,000	495,000	0	516,000	551,000	587,000	0	387,000	408,000	376,000	376,000	370,000	320,000	291,000	281,000	280,000	272,000	263,000	252,000	269,000	253,000	273,000	242,000	265,000	221,000	230,000	240,000	240,000	230,000	245,000	250,000	239,000	194,780	195,123	196,060	190,281	20,820	19,158	16,565	16,608	16,486	18,617	17,341	15,532	14,594	13,486	13,170	13,107	11,388	11,854	11,792	12,781	12,500	12,859	12,870	13,540	13,720	15,104	15,549	15,153	14,394	12,090	10,692	9,413	12,255	12,262	11,797	10,607	6,786	6,569	6,470	6,095	5,716	5,452	5,703	4,458	4,119	3,869	3,636	2,919	2,646	2,322	1,674	1,424	1,162	925	648	313	347	318	293	208	246	228	204	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Stockholder Equity	-1,229,000	-1,243,000	-1,259,000	-1,279,000	-1,230,000	-1,238,000	-1,160,000	-1,140,000	-844,000	-561,000	-539,000	-557,000	-514,000	-524,000	-545,000	-561,000	-544,000	-350,000	-339,000	-329,000	-306,000	-319,000	-332,000	-344,000	-350,000	-363,000	-376,000	-388,000	-396,000	-404,000	-415,000	-426,000	-425,000	-437,158	-445,140	-457,238	-469,098	-487,574	-507,268	-516,609	-527,079	-535,161	-541,620	-517,176	-497,860	-501,915	-491,933	-480,429	-469,233	-465,200	-457,902	-397,998	-366,251	-332,314	-302,447	-287,290	-264,980	-249,727	-237,847	-233,871	-223,754	-199,286	-156,030	-102,684	-93,265	-63,536	-4,892	31,943	26,551	19,748	84,970	86,287	83,080	29,323	25,839	92,877	89,242	84,180	81,691	79,110	72,240	62,166	56,671	54,686	42,735	39,718	31,812	29,975	24,412	23,530	18,902	17,149	15,640	13,363	10,894	25,647	63,166	60,100	57,600	54,200	50,200	51,100	-2,583,100	5,200	5,100	45,400	4,700	4,300	-4,000	42,700	6,100	6,700	29,700	28,500	-	-	26,300	24,900	25,500	25,100	24,900	24,500	24,600	24,600	24,500	24,400	24,500	24,600	24,500	24,500	24,500	-	-	100	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	470,000	900,000	467,000	474,000	452,000	434,000	444,000	0	0	0	0	395,000	398,000	409,000	378,000	361,000	359,000	366,000	366,000	365,000	367,000	249,000	251,000	254,000	262,000	264,000	267,000	273,000	284,000	292,000	292,000	301,000	300,000	298,000	292,000	285,000	270,000	255,092	113,000	107,000	108,000	109,588	101,000	102,000	101,000	101,349	103,000	100,992	101,985	97,822	95,000	93,000	91,000	88,983	85,000	81,000	78,000	77,589	79,000	78,000	77,000	75,363	71,000	79,000	70,000	67,686	62,616	61,559	59,596	57,431	55,700	55,000	52,000	49,643	48,000	48,000	47,000	46,283	43,000	42,000	42,000	39,286	38,000	39,000	39,000	39,462	39,000	40,000	40,000	40,742	42,000	41,244	41,008	41,587	41,365	41,000	42,000	41,700	40,000	39,000	39,000	0	18,371,000	36,000	33,000	12,800	21,000	20,000	19,000	11,300	18,000	16,000	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Property Plant And Equipment Net	470,000	478,000	467,000	474,000	452,000	434,000	444,000	439,000	404,000	403,000	404,000	395,000	398,000	409,000	378,000	361,000	359,000	366,000	366,000	365,000	367,000	249,000	251,000	254,000	262,000	264,000	267,000	273,000	284,000	292,000	292,000	301,000	300,000	297,601	291,754	284,593	270,228	255,092	113,206	107,115	107,511	109,588	100,515	101,737	101,054	101,349	102,537	100,992	101,985	97,822	94,726	93,462	90,745	88,983	84,809	81,141	77,951	77,589	78,984	78,494	76,840	75,363	70,700	78,948	69,716	67,686	62,616	61,559	59,596	57,431	55,700	54,684	51,610	49,643	47,523	47,564	46,722	46,283	42,500	41,352	41,896	39,286	38,472	39,162	38,738	39,462	38,692	39,986	40,418	40,742	41,877	41,244	41,008	41,587	41,365	41,113	41,803	41,700	39,600	38,800	38,800	38,900	18,400	16,600	14,200	12,800	12,100	12,100	11,100	11,300	11,000	10,200	8,900	8,300	-	-	5,800	5,600	5,600	5,500	5,200	4,900	4,300	3,400	3,400	3,400	3,400	2,400	2,400	2,000	1,900	-	-	1,900	-	-	-
Property Plant Equipment	0	0	467,000	301,000	280,000	278,000	444,000	439,000	271,000	272,000	404,000	395,000	398,000	274,000	265,000	252,000	257,000	259,000	249,000	251,000	257,000	249,000	251,000	254,000	262,000	264,000	267,000	273,000	284,000	292,000	292,000	301,000	300,000	298,000	291,754	284,593	270,228	255,092	113,206	107,115	107,511	109,588	100,515	101,737	101,054	101,349	102,537	100,992	101,985	97,822	94,726	93,462	90,745	88,983	84,809	81,141	77,951	77,589	78,984	78,494	76,840	75,363	70,700	78,948	69,716	67,686	62,616	61,559	59,596	57,431	55,700	54,684	51,610	49,643	47,523	47,564	46,722	46,283	42,500	42,352	41,896	39,286	38,472	39,162	38,738	39,462	38,692	39,986	40,418	40,742	41,877	41,244	41,008	41,587	41,365	41,113	41,803	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Retained Earnings	4,447,000	4,332,000	4,315,000	4,330,000	4,186,000	4,036,000	3,850,000	3,680,000	3,778,000	3,573,000	3,382,000	3,183,000	2,964,000	2,736,000	2,537,000	2,421,000	2,321,000	2,232,000	2,063,000	1,927,000	1,803,000	1,688,000	1,573,000	1,446,000	1,376,000	1,248,000	1,244,000	1,256,000	1,239,000	1,240,000	1,223,000	1,320,000	1,369,000	1,397,974	1,404,802	1,433,752	1,510,010	1,535,307	1,586,986	1,572,041	1,544,484	1,502,878	1,461,228	1,422,628	1,392,062	1,368,520	1,333,530	1,306,433	1,275,780	1,245,616	1,210,572	1,165,571	1,132,607	1,070,973	1,042,756	1,016,605	993,928	969,195	951,565	940,454	931,443	922,091	1,039,452	1,013,682	988,156	960,512	929,709	902,748	877,115	850,399	828,953	833,216	805,544	818,092	789,798	760,359	733,596	706,489	674,528	643,208	613,780	585,846	561,451	538,452	516,190	494,150	473,824	453,955	437,495	422,555	407,308	392,427	377,956	361,026	343,872	321,283	304,632	289,400	269,500	249,500	232,400	219,800	181,700	170,500	159,200	148,800	137,100	127,100	129,900	108,600	99,900	91,200	85,000	79,700	-	-	63,800	57,100	50,900	45,300	40,200	36,100	30,800	25,700	21,500	17,800	14,500	11,600	8,500	6,200	6,400	-	-	11,800	-	-	-
Retained Earnings Total Equity	0	0	0	4,330,000	4,186,000	4,036,000	3,850,000	3,680,000	3,778,000	3,573,000	3,382,000	3,183,000	2,964,000	2,736,000	2,537,000	2,421,000	2,321,000	2,232,000	2,063,000	1,927,000	1,803,000	1,688,000	1,573,000	1,446,000	1,376,000	1,248,000	1,244,000	1,256,000	1,239,000	1,240,000	1,223,000	1,306,000	1,351,000	1,377,000	1,404,802	1,433,752	1,510,010	1,535,307	1,586,986	1,572,041	1,544,484	1,502,878	1,461,228	1,422,628	1,392,062	1,368,520	1,333,530	1,306,433	1,275,780	1,245,616	1,210,572	1,165,571	1,132,607	1,070,973	1,042,756	1,016,605	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	272,000	173,000	152,000	166,000	215,000	214,000	144,000	144,000	183,000	69,000	51,000	47,000	134,000	364,000	481,000	233,000	230,000	197,000	205,000	156,000	131,000	157,000	74,000	89,000	44,000	51,000	40,000	2,443,000	2,597,000	2,671,000	0	0	0	3,035,000	0	0	0	4,000	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	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Short Long Term Debt Total	2,279,000	2,414,000	2,423,000	2,365,000	2,252,000	2,162,000	2,346,000	2,355,000	1,218,000	1,112,000	1,111,000	1,109,000	1,212,000	1,374,000	1,677,000	1,324,000	1,492,000	1,377,000	1,624,000	1,821,000	1,838,000	1,591,000	1,900,000	1,999,000	2,133,000	2,227,000	2,485,000	2,418,000	2,573,000	2,648,000	2,788,000	2,873,000	2,937,000	3,012,236	3,043,225	3,040,361	3,144,177	3,190,484	3,472	2,433	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	131	144	158	171	186	597	533	605	576	1,171	862	1,025	616	1,204	620	708	682	677	617	739	1,663	35,815	50,854	1,100	200	200	200	11,700	200	200	200	300	300	300	200	200	2,400	2,400	2,300	300	-	-	300	300	400	4,400	4,400	4,400	4,400	4,400	400	4,400	4,500	4,500	4,500	400	400	-	-	500	-	-	-
Short Term Debt	313,000	215,000	152,000	166,000	215,000	214,000	179,000	183,000	183,000	69,000	51,000	47,000	134,000	364,000	481,000	233,000	230,000	197,000	205,000	156,000	131,000	157,000	71,000	85,000	43,000	51,000	34,000	19,000	15,000	22,000	332,000	293,000	326,000	24	9,928	18,139	21,831	7,522	10,131	9,112	8,010	6,898	7,346	6,870	2,374	1,609	2,031	0	0	0	0	55,358	84,101	5,900	5,752	1,687	423	0	0	0	0	558	63,064	66,663	85,229	69,437	0	0	0	33,727	0	0	0	0	56	55	55	54	55	160	182	153	167	792	446	420	400	401	387	300	390	385	298	226	1,288	35,369	50,388	500	200	200	200	11,700	200	200	200	200	200	200	100	100	100	300	100	100	-	-	100	100	100	4,100	4,100	4,100	4,100	4,100	100	4,100	4,100	4,100	4,100	0	-	-	-	100	-	-	-
Short Term Investments	36,000	34,000	41,000	40,000	24,000	25,000	18,000	8,000	2,000	0	0	0	0	0	0	0	0	0	0	0	1,000	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,385	24,385	481,706	455,644	414,143	350,380	399,541	389,799	364,529	324,140	160,690	147,485	175,169	182,398	147,115	163,509	164,812	125,567	123,058	136,414	136,565	114,064	91,055	71,595	58,071	85,654	81,646	81,936	97,407	98,438	265,806	146,096	143,906	219,930	165,169	179,774	198,762	518,618	511,274	563,712	557,856	540,010	512,771	489,557	470,271	435,698	402,739	382,231	349,418	330,159	298,226	272,276	250,287	223,021	201,667	165,671	145,644	131,899	107,006	134,524	163,620	197,100	196,300	166,000	158,000	151,300	143,589,000	142,000	137,000	0	113,000	108,000	112,000	0	89,000	76,000	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Total Assets	7,259,000	7,306,000	7,331,000	7,456,000	7,474,000	7,529,000	7,448,000	7,385,000	6,129,000	6,215,000	5,865,000	5,593,000	5,411,000	5,375,000	5,245,000	4,607,000	4,540,000	4,711,000	4,708,000	4,701,000	4,576,000	4,339,000	4,400,000	4,275,000	4,249,000	4,275,000	4,526,000	4,445,000	4,531,000	4,632,000	4,698,000	4,791,000	4,921,000	5,024,470	5,178,990	5,259,580	5,454,630	5,568,851	1,283,170	1,218,969	1,162,379	1,119,812	1,027,638	1,018,555	983,597	967,748	940,690	928,790	905,086	899,006	851,772	871,369	894,207	878,864	871,645	841,955	826,957	830,479	813,429	808,679	802,829	850,878	1,037,828	1,070,463	1,066,606	1,034,278	1,038,068	1,032,623	1,001,054	963,142	988,063	985,848	952,476	912,199	882,301	918,863	901,066	862,222	819,763	777,613	752,703	701,611	669,759	639,114	611,293	573,088	543,057	520,337	497,501	479,556	462,535	437,725	434,985	418,896	398,420	431,840	458,058	394,600	375,700	340,900	322,800	310,000	238,600	226,300	213,200	203,600	188,800	180,900	176,500	163,300	150,100	140,200	135,900	131,100	-	-	106,700	95,000	88,200	85,200	80,700	76,700	70,800	61,000	58,800	54,800	50,200	47,800	45,900	48,900	45,700	-	-	16,200	-	-	-
Total Current Assets	1,627,000	1,672,000	1,652,000	1,753,000	1,818,000	1,883,000	1,871,000	1,806,000	1,569,000	1,689,000	1,524,000	1,526,000	1,343,000	1,273,000	1,192,000	1,094,000	1,051,000	1,195,000	1,231,000	1,188,000	1,142,000	1,162,000	1,201,000	1,109,000	1,053,000	1,063,000	1,266,000	1,136,000	1,169,000	1,222,000	1,265,000	1,222,000	1,281,000	1,332,441	1,489,255	1,499,120	1,618,974	1,672,050	921,050	859,247	801,015	754,103	779,463	762,607	730,134	710,863	530,978	581,750	550,282	584,873	539,713	567,845	548,533	476,304	455,710	443,462	426,207	410,937	378,217	373,361	363,511	396,818	436,338	429,682	443,523	420,832	536,730	434,227	421,813	479,690	425,560	414,897	412,919	732,714	705,720	756,483	750,034	724,638	683,055	651,645	626,727	583,534	555,525	531,687	504,176	464,580	434,709	410,731	386,380	364,338	345,284	318,139	320,249	303,686	284,335	316,885	410,073	345,900	331,600	297,500	280,000	266,500	215,900	205,700	195,200	187,500	172,000	168,100	162,800	149,000	136,100	127,000	123,800	119,300	-	-	100,400	88,700	82,300	79,400	75,300	71,500	66,500	57,500	55,300	51,400	46,900	45,300	43,500	46,800	43,800	-	-	14,200	-	-	-
Total Current Liabilities	1,643,000	1,598,000	1,562,000	1,770,000	2,074,000	2,332,000	2,073,000	2,113,000	1,799,000	1,800,000	1,581,000	1,550,000	1,546,000	1,851,000	1,765,000	1,389,000	1,237,000	1,404,000	1,306,000	1,200,000	1,146,000	1,301,000	1,105,000	1,014,000	932,000	1,000,000	1,039,000	983,000	921,000	949,000	932,000	859,000	873,000	876,446	898,924	873,434	895,851	955,847	158,214	123,278	111,364	119,054	98,573	101,815	79,892	95,214	93,067	94,325	92,853	108,974	94,436	103,815	128,009	136,051	128,438	108,443	93,168	104,810	93,165	94,151	92,644	124,987	134,308	140,882	156,759	122,172	93,257	76,990	78,129	74,854	62,265	58,210	57,996	54,348	54,313	51,199	65,137	59,576	52,986	46,331	54,189	45,602	45,549	41,701	50,848	36,904	36,693	35,577	37,967	33,828	36,354	31,218	45,251	46,887	46,051	85,754	88,070	43,100	45,100	37,000	38,000	36,800	24,800	23,800	22,000	22,600	21,400	22,900	21,600	20,200	17,400	15,100	18,000	19,400	-	-	16,000	12,400	11,200	14,200	15,000	15,500	14,800	10,000	12,100	12,000	10,200	10,300	11,700	17,100	14,100	-	-	3,800	-	-	-
Total Liab	4,090,000	4,270,000	4,318,000	4,464,000	4,583,000	4,796,000	4,791,000	4,872,000	3,223,000	3,231,000	3,049,000	3,004,000	3,000,000	3,231,000	3,314,000	2,804,000	2,813,000	2,872,000	3,014,000	3,142,000	3,109,000	3,004,000	3,187,000	3,202,000	3,268,000	3,441,000	3,712,000	3,633,000	3,736,000	3,840,000	3,950,000	3,960,000	4,042,000	4,111,601	4,264,962	4,307,990	4,428,632	4,528,943	206,421	170,907	153,439	161,154	117,295	121,976	97,233	110,746	107,661	107,811	106,023	122,081	105,824	115,669	139,801	148,832	140,938	121,302	106,038	118,350	106,885	109,255	108,193	140,140	148,702	152,972	167,451	131,585	105,512	89,252	89,926	85,461	69,051	64,779	64,466	61,685	61,831	60,208	72,099	64,568	58,425	51,239	60,074	49,696	48,604	44,402	52,938	38,933	38,070	36,744	38,848	34,549	36,993	31,828	45,863	47,608	46,672	86,428	90,865	45,300	48,000	39,200	40,200	39,100	25,000	24,600	22,900	24,000	22,000	23,500	25,600	22,800	20,100	18,300	21,200	22,900	-	-	16,600	13,000	11,800	14,800	15,600	16,100	15,400	10,700	12,800	12,600	11,200	11,600	12,900	18,200	14,800	-	-	4,300	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Total Stockholder Equity	3,169,000	3,036,000	3,013,000	2,992,000	2,891,000	2,733,000	2,657,000	2,513,000	2,906,000	2,984,000	2,816,000	2,589,000	2,411,000	2,144,000	1,931,000	1,803,000	1,727,000	1,839,000	1,694,000	1,559,000	1,467,000	1,335,000	1,213,000	1,073,000	981,000	834,000	814,000	812,000	795,000	792,000	748,000	831,000	879,000	912,869	914,028	951,590	1,025,998	1,039,908	1,076,749	1,048,062	1,008,940	958,658	910,343	896,579	886,364	857,002	833,029	820,979	799,063	776,925	745,948	755,700	754,406	730,032	730,707	720,653	720,919	712,129	706,544	699,424	694,636	710,738	889,126	917,491	899,155	902,693	932,556	943,371	911,128	877,681	919,012	921,069	888,010	850,514	820,470	858,655	828,967	797,654	761,338	726,374	692,629	651,915	621,155	594,712	558,355	534,155	504,987	483,593	458,653	445,007	425,542	405,897	389,122	371,288	351,748	345,412	367,193	349,300	327,700	301,700	282,600	270,900	213,600	201,700	190,300	179,600	166,800	157,400	150,900	140,500	130,000	121,900	114,700	108,200	-	-	90,100	82,000	76,400	70,400	65,100	60,600	55,400	50,300	46,000	42,200	39,000	36,200	33,000	30,700	30,900	-	-	11,900	-	-	-
Treasury Stock	0	0	0	0	0	0	0	-1,652,000	-1,331,000	-1,023,000	-986,000	-984,000	-919,000	-919,000	-917,000	-911,000	-890,000	-689,000	-663,000	-643,000	-611,000	-613,000	-614,000	-617,000	-616,000	-620,000	-621,000	-622,000	-630,000	-614,000	-614,000	-615,000	-629,000	-631,000	-632,231	-632,820	-629,403	-634,664	-660,294	-666,084	-673,989	-678,456	-681,388	-654,518	-638,596	-641,438	-628,683	-612,310	-603,705	-596,622	-587,510	-525,002	-499,483	-462,029	-430,515	-412,972	-401,123	-385,831	-372,800	-367,464	-365,376	-344,147	-299,757	-247,409	-236,722	-205,058	-146,360	-107,318	-110,870	-119,335	-52,542	-50,087	-52,060	-64,013	-68,164	0	0	0	0	0	0	0	-1,142	-2,913	-12,902	-16,760	-22,509	-25,030	-33,810	-35,482	-40,603	-43,566	-46,039	-50,128	-51,975	-37,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Begin Period Cash Flow	117,000	344,000	192,000	30,000	44,000	62,000	156,000	192,000	393,950	62,827	64,740	36,418	47,476	38,943	33,267	38,211	39,648	25,621	17,983	14,266	18,418	26,328	13,776	38,501	11,400	10,900	5,200	10,000	10,400	2,400	1,000	800	700	4,900
Capital Expenditures	87,000	75,000	59,000	67,000	61,000	64,000	50,000	77,000	114,254	31,291	21,711	25,943	28,150	34,218	25,315	42,240	26,870	37,288	14,286	16,243	8,407	8,481	9,613	8,948	11,300	25,600	5,300	6,000	4,300	2,100	2,500	2,200	700	1,000
Cash And Cash Equivalents Changes	0	-227,000	152,000	164,000	-15,000	-18,000	-94,000	-36,000	-202,000	331,123	-1,913	28,322	-11,123	8,533	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	168,000	-32,000	15,000	-35,000	-18,000	8,000	0	19,000	-4,561	7,533	7,835	-5,826	-6,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	21,000	-239,000	140,000	138,000	-14,000	-18,000	-94,000	-36,000	-201,556	331,123	-1,913	28,322	-11,123	8,533	5,676	-4,944	-1,437	15,393	7,638	3,717	-4,152	-7,910	12,552	-13,686	27,100	500	1,000	400	900	-3,400	200	-8,100	19,900	-12,500
Change In Working Capital	-515,000	27,000	67,000	264,000	-63,000	140,000	66,000	130,000	-2,736	146,213	11,514	4,539	-74,279	-10,458	-2,734	-23,065	10,583	-8,742	-35,098	-26,271	-3,739	-101,266	-68,323	43,582	-56,800	-21,700	-37,200	-6,700	-5,700	-3,200	-8,800	500	-400	-1,500
Change Receivables	0	-5,000	-239,000	130,000	-96,000	-31,000	161,000	34,000	2,000	-69,628	-6,488	-8,647	-3,269	-4,603	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	249,000	-5,000	-239,000	130,000	-96,000	-31,000	161,000	34,000	-6,447	-69,628	-6,488	-8,647	-3,269	-4,603	8,747	-33,754	4,453	-4,292	-20,422	-11,491	-5,141	-1,629	16,223	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	50,000	-341,000	18,000	-42,000	51,000	-43,000	-110,000	34,000	-9,826	-2,398	2,743	11,530	-19,545	-33,884	22,315	-26,222	-134	-13,430	-6,204	-15,456	-1,659	2,922	17,284	-7,179	-2,700	4,200	-900	-1,100	-3,200	-2,500	-5,000	-2,400	-1,400	-400
Change To Liabilities	0	209,000	320,000	161,000	17,000	232,000	7,000	62,000	37,000	230,800	15,655	1,888	-45,639	42,399	0	19,320	13,386	6,690	3,988	8,394	3,753	1,625	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-210,000	-24,000	45,000	23,000	33,000	29,000	52,000	-113,000	-21,801	8,855	21,644	-44,743	10,222	0	0	0	2,586	0	3,720	0	0	0	3,372	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	113,000	78,000	31,000	-53,000	17,000	21,000	-21,000	14,000	159,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	176,000	204,000	187,000	146,000	175,000	175,000	263,000	304,000	319,879	81,371	32,110	26,177	24,000	31,209	32,913	38,581	26,902	16,087	13,104	12,255	11,580	13,619	14,482	17,335	9,000	11,300	4,300	3,800	2,200	1,400	1,000	800	500	400
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	138,000	105,000	332,000	168,000	30,000	44,000	62,000	156,000	192,394	393,950	62,827	64,740	36,353	47,476	38,943	33,267	38,211	41,014	25,621	17,983	14,266	18,418	26,328	24,815	38,500	11,400	6,200	10,400	11,300	-1,000	1,200	-7,300	20,600	-7,600
Exchange Rate Changes	0	0	0	0	0	-5,000	-4,000	7,000	-15,000	1,900	643	-40	1,835	562	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-91,000	413,000	1,010,000	895,000	624,000	721,000	428,000	295,000	-11,675	209,034	173,055	157,388	51,471	106,241	80,383	82,966	131,250	50,964	78,304	95,013	96,112	-21,874	4,463	124,973	11,700	6,100	-10,600	-4,500	7,400	31,500	7,600	10,500	10,300	8,400
Investments	-92,000	-12,000	-35,000	-26,000	-12,000	-1,000	-1,000	-1,000	23,000	326,555	-36,110	-47,296	-79,836	-5,398	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	1,037,000	-257,000	-41,000	-319,000	-660,000	-524,000	-382,000	-165,000	3,164,382	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	296,000	463,000	837,000	504,000	544,000	421,000	17,000	-137,000	-137,333	32,429	134,358	122,904	174,643	101,778	47,104	-38,421	110,113	70,946	111,603	120,643	91,696	71,595	61,529	71,622	69,600	40,100	40,100	28,900	22,600	21,100	18,300	11,800	8,500	6,600
Other Cashflows From Financing Activities	364,000	1,251,000	-11,000	385,000	631,000	905,000	1,308,000	108,000	15,830	3,192,234	18,929	4,939	14,401	9,219	4,985	7,337	921	1,514	-171	-672	-342	-74	-32	-462	-200	-200	6,200	-100	100	-4,000	-100	-8,100	-4,500	-12,500
Other Cashflows From Investing Activities	0	-881,000	-452,000	-548,000	-262,000	-72,000	-1,000	39,000	-49,000	-3,398,600	-96,828	-35,796	159,974	-3,497	0	13,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	20,000	-84,000	-29,000	37,000	23,000	2,000	106,000	92,000	14,803	4,761	-4,254	6,917	-69,634	-302	701	156,287	932	9,158	3,815	6,987	5,679	3,275	3,515	7,458	0	0	-9,300	-24,000	-6,600	14,600	-100	0	2,400	3,900
Sale Purchase Of Stock	-52,000	-751,000	-57,000	-200,000	-47,000	10,000	12,000	-8,000	-13,000	-5,000	-63,102	-54,373	-160,200	-102,091	-65,445	-157,582	-112,094	-68,221	-70,421	0	0	0	0	-55,505	0	-8,100	0	0	0	0	0	0	24,400	0
Stock Based Compensation	55,000	88,000	76,000	51,000	48,000	45,000	35,000	27,000	31,470	19,891	13,109	14,727	14,095	11,871	11,467	14,962	15,067	7,540	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	117,000	253,000	-371,000	-157,000	-365,000	-661,000	-517,000	-376,000	-149,170	3,192,234	-44,173	-49,434	-145,799	-92,872	-60,460	-150,245	-102,798	-56,305	-58,839	14,859	17,420	13,032	8,863	-48,675	10,000	-6,300	1,000	400	900	-3,400	200	-8,100	19,900	-12,500
Total Cash From Operating Activities	-4,000	488,000	1,069,000	962,000	685,000	785,000	478,000	372,000	102,579	240,325	194,766	183,331	79,621	140,459	105,698	125,206	158,120	88,252	92,590	111,256	104,519	-13,393	14,076	133,921	23,000	31,700	-5,300	1,500	11,700	33,600	10,100	12,700	11,000	9,400
Total Cashflows From Investing Activities	0	-968,000	-546,000	-641,000	-335,000	-137,000	-51,000	-39,000	-148,000	-3,111,336	-153,149	-105,535	53,220	-39,616	0	21,434	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31
Begin Period Cash Flow	138,000	61,000	68,000	85,000	117,000	81,000	98,000	141,000	344,000	307,000	318,000	177,000	192,000	39,000	63,000	24,000	30,000	33,000	27,000	61,000	44,000	45,000	46,000	64,000	62,000	88,000	95,000	180,000	156,000	163,000	141,000	194,000	192,000	258,022	204,918	329,534	393,950	60,214	70,349	51,424	62,827	64,196	55,886	49,592	64,740	52,253	105,368	41,943	36,418	43,781	92,956	79,967	47,476	47,447	41,282	35,988	38,943	39,048	44,792	34,699	33,267	46,877	41,916	56,814	38,211	33,031	63,210	41,330	41,014	39,557	27,627	17,543	25,621	18,449	10,098	15,351	17,983	10,269	9,387	17,312	14,266	19,883	19,117	26,509	18,418	12,979	17,053	20,005	26,328	9,432	17,909	35,329	24,815	36,344	41,189	134,858	38,501	19,800	28,000	21,000	11,400	9,400	13,000	10,000	7,200	13,900	13,000	11,000	5,200	6,600	13,000	9,000	10,000	10,400	0	0	2,800	2,400	2,500	0	1,000	1,000	0	400	0	800	0
Capital Expenditures	14,000	39,000	14,000	18,000	16,000	24,000	20,000	17,000	14,000	21,000	13,000	15,000	10,000	18,000	16,000	20,000	13,000	17,000	14,000	15,000	15,000	16,000	15,000	15,000	18,000	14,000	14,000	9,000	13,000	28,000	14,000	16,000	19,000	26,883	38,080	23,769	25,522	11,268	12,061	5,588	2,374	6,689	5,975	6,595	2,452	5,803	9,541	2,945	7,654	10,121	6,797	7,310	3,922	7,584	9,947	10,869	5,818	5,391	6,851	5,846	7,227	12,639	8,915	14,810	5,909	8,368	7,599	5,570	5,333	4,557	18,387	9,508	4,836	5,050	2,629	4,021	2,586	5,945	2,561	2,932	4,805	2,114	1,746	2,612	1,935	2,992	1,378	1,797	2,314	1,588	3,134	2,909	1,982	2,841	2,860	670	2,577	3,500	3,100	2,500	2,200	16,000	3,100	3,900	2,600	1,800	800	2,000	700	1,200	1,400	2,100	1,300	600	300	400	700	700	800	1,200	200	300	300	1,100	300	500	300
Cash And Cash Equivalents Changes	0	0	0	-25,000	-23,000	23,000	-10,000	-55,000	-185,000	36,000	-31,000	129,000	18,000	126,000	-18,000	62,000	-6,000	-4,000	6,000	-34,000	17,000	-1,000	-1,000	-18,000	2,000	-26,000	-7,000	-85,000	24,000	-7,000	-33,000	-53,000	2,000	-66,072	53,104	-124,616	-64,416	333,736	-10,135	18,925	-11,403	-1,369	8,310	6,294	-15,148	12,487	-53,115	63,425	5,525	-7,428	-49,661	13,475	32,491	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	-33,000	-75,000	-46,000	-70,000	306,000	-22,000	-109,000	30,000	15,000	32,000	-59,000	29,000	28,000	17,000	-54,000	-3,000	14,000	8,000	-42,000	3,000	24,000	-3,000	-5,000	5,000	-5,000	13,000	-14,000	-1,000	9,000	7,000	55,946	-23,199	-2,547	-11,200	-108	-8,778	1,373	2,952	4,978	-139	1,146	1,548	2,143	7,506	-6,484	4,670	2,208	-2,313	-667	-5,054	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-11,000	77,000	-7,000	-17,000	-32,000	24,000	-17,000	-43,000	-203,000	25,000	-11,000	141,000	-15,000	129,000	-24,000	39,000	-6,000	-3,000	6,000	-34,000	17,000	-1,000	-1,000	-18,000	2,000	-26,000	-7,000	-85,000	24,000	-7,000	22,000	-53,000	2,000	-65,628	53,104	-124,616	-64,416	333,736	-10,135	18,925	-11,403	-1,369	8,310	6,294	-15,148	12,487	-53,115	63,425	5,525	-7,428	-49,175	12,989	32,491	29	6,165	5,294	-2,955	-105	-5,744	10,093	1,432	-13,610	4,961	-14,898	18,603	5,180	-30,179	21,880	316	1,457	11,930	10,084	-8,078	7,172	8,351	-5,253	-2,632	7,714	882	-7,925	3,046	-5,617	766	-7,392	8,091	5,439	-4,074	-2,952	-6,323	16,896	-8,477	-17,420	10,514	-11,529	-4,845	-93,669	96,357	18,700	-8,200	6,700	9,900	-6,500	100	200	-100	700	-1,800	200	100	1,300	-1,500	100	500	300	4,400	-3,700	-100	400	-800	2,500	-300	200	-100	-2,000	400	-6,000	-29,800
Change In Working Capital	-17,000	34,000	-63,000	-203,000	-283,000	108,000	-156,000	219,000	-144,000	49,000	35,000	32,000	-49,000	206,000	18,000	94,000	-54,000	97,000	23,000	-53,000	-130,000	159,000	-5,000	14,000	-33,000	164,000	-119,000	-16,000	37,000	65,000	45,000	-8,000	28,000	-11,616	84,779	-40,172	-35,727	141,616	-9,433	17,485	-3,455	807	-3,431	23,802	-9,664	-2,197	1,450	8,282	-2,996	-2,294	-30,042	-30,029	-11,914	3,993	-2,600	3,911	-8,054	4,937	4,898	16,062	-24,949	14,440	-7,255	-20,104	-4,341	6,781	1,450	11,681	-9,329	12,379	-10,051	-8,852	-2,218	-14,227	10,198	-21,453	-9,616	4,628	-9,999	-23,060	2,160	10,000	-5,359	-9,934	1,554	-24,014	-28,656	-26,868	-21,728	-6,045	-19,244	-34,739	-8,295	-30,418	22,635	21,696	29,669	-9,900	-47,100	1,500	-1,300	-14,400	-4,700	-1,700	-900	-39,400	-3,400	-400	6,000	-2,600	1,400	-3,900	-1,600	600	-9,200	10,200	900	-5,100	-3,400	2,000	-4,900	-2,500	-300	2,300	-2,400	900	-1,400
Change Receivables	0	0	0	72,000	33,000	53,000	112,000	-114,000	-56,000	-132,000	-48,000	-44,000	-15,000	34,000	-105,000	93,000	108,000	-23,000	-36,000	-65,000	28,000	62,000	-67,000	-35,000	9,000	123,000	-66,000	25,000	79,000	-6,000	-87,000	-25,000	65,000	-39,027	-7,054	19,849	28,232	-58,818	-22,169	16,152	-4,793	153	-4,665	-1,460	-516	-2,539	-5,451	1,205	-1,862	6,843	-15,974	-6,701	12,563	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-80,000	21,000	123,000	72,000	33,000	53,000	112,000	-114,000	-56,000	-132,000	-48,000	-44,000	-15,000	34,000	-105,000	93,000	108,000	-23,000	-36,000	-65,000	28,000	62,000	-67,000	-35,000	9,000	123,000	-66,000	25,000	79,000	-12,000	35,000	-22,000	68,000	-47,474	-7,054	19,849	28,232	-58,818	-22,169	16,152	-4,793	153	-4,665	-1,460	-516	-2,539	-5,451	1,205	-1,862	6,843	-15,974	-6,701	12,563	9,860	-12,507	-5,946	3,990	-5,050	-3,715	4,494	13,018	-21,891	126	-8,387	-21,393	4,453	-7,726	6,676	-7,065	-4,292	0	3,819	-4,298	-20,422	6,683	-6,967	-5,157	-11,491	-776	-13,593	1,097	-5,141	-3,070	205	-7,684	-1,629	-5,259	1,063	-5,406	16,223	-3,314	4,424	7,368	0	0	-20,000	4,000	0	-6,000	-6,000	41,832,000	0	-41,830,000	-6,000	-3,000	0	-3,000	-2,000	4,000	0	-4,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	98,000	43,000	10,000	-29,000	26,000	-48,000	-185,000	-130,000	22,000	-57,000	49,000	43,000	-17,000	-35,000	29,000	-69,000	33,000	-14,000	16,000	26,000	23,000	-27,000	-5,000	-17,000	6,000	35,000	-77,000	-37,000	-31,000	-4,000	6,000	23,000	9,000	16,127	-3,198	1,901	-24,656	16,208	-13,545	-6,724	1,663	-13,959	2,512	7,247	6,943	-451	-4,618	9,430	7,169	-12,910	-1,931	2,432	-7,136	-17,912	-10,589	-3,603	-1,780	-317	12,499	11,533	-1,400	-3,647	-7,821	-10,920	-3,834	-391	-3,258	736	2,779	3,316	-4,017	-9,912	-2,817	-656	-206	-516	-4,826	-3,984	-6,945	185	-4,712	-946	984	719	-2,416	-1,010	3,282	-2,321	2,971	3,679	4,727	7,973	905	-3,079	1,741	-1,038	-4,803	-6,300	-3,900	2,600	4,900	1,900	-300	1,700	900	-1,100	1,200	-2,100	1,100	-1,500	700	-200	-100	-800	-1,200	-900	1,000	-1,400	-2,800	-1,000	-900	-300	-2,700	-400	800	-100	-1,300
Change To Liabilities	0	0	-157,000	-213,000	-267,000	153,000	-13,000	151,000	-88,000	347,000	42,000	37,000	20,000	266,000	65,000	42,000	-212,000	188,000	46,000	-28,000	-189,000	166,000	69,000	42,000	-45,000	11,000	19,000	1,000	-24,000	96,000	82,000	-25,000	-58,000	6,247	75,231	-23,461	-21,017	192,334	35,059	6,684	-3,277	17,564	-1,139	16,869	-17,639	6,717	4,013	4,131	-12,973	1,565	-9,824	-25,093	-12,287	22,005	20,608	7,451	0	0	0	0	0	19,320	1,564	9,253	9,986	13,386	7,962	0	0	6,690	6,140	903	0	3,988	0	0	0	8,394	4,677	0	0	3,753	2,986	0	1,868	1,625	0	0	0	0	0	0	0	0	0	290	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-1,000	-19,000	13,000	-77,000	-2,000	-72,000	-59,000	-60,000	15,000	20,000	1,000	-18,000	6,000	19,000	38,000	-37,000	18,000	33,000	9,000	4,000	18,000	16,000	-5,000	22,000	1,000	7,000	-1,000	-32,000	56,000	1,000	14,000	-97,541	2,102	-22,833	5,272	-35,551	5,126	6,023	2,601	-1,407	2,864	4,484	2,914	217	14,839	3,162	3,426	6,133	6,442	3,503	-60,821	16,980	0	0	0	0	0	0	0	0	2,295	1,796	12,534	0	0	0	10,815	2,586	0	1,107	7,034	0	0	0	9,487	3,720	2,697	1,767	8,795	0	4,921	4,077	12,642	0	1,344	914	5,975	0	0	0	3,425	3,372	3,570	0	3,209	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
Change To Operating Activities	0	0	-21,000	-21,000	-21,000	-21,000	-94,000	372,000	372,000	60,000	36,000	47,000	-65,000	55,000	52,000	13,000	-89,000	33,000	8,000	10,000	-104,000	26,000	40,000	28,000	-77,000	21,000	34,000	-32,000	13,000	-21,000	-3,000	8,000	-40,000	14,000	0	0	0	159,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	43,000	44,000	44,000	44,000	44,000	46,000	55,000	51,000	52,000	51,000	48,000	44,000	44,000	43,000	35,000	34,000	34,000	36,000	44,000	48,000	47,000	44,000	45,000	43,000	43,000	54,000	68,000	72,000	69,000	70,000	80,000	77,000	77,000	79,461	78,553	82,162	79,703	54,148	9,127	9,093	9,003	8,798	7,900	8,040	7,372	7,271	6,942	6,005	5,959	6,015	5,834	6,219	5,932	7,511	7,677	8,207	7,814	8,504	8,462	7,994	7,953	10,163	9,811	9,519	9,088	7,718	6,941	6,390	5,853	4,749	4,038	3,631	3,669	3,545	3,160	3,306	3,093	3,225	2,950	3,030	3,050	2,961	2,836	2,874	2,909	4,044	2,898	3,943	2,734	3,872	3,470	3,296	3,844	4,930	5,883	3,995	2,527	1,700	2,400	3,200	1,700	4,700	1,100	4,300	1,200	2,100	-900	1,600	1,500	1,600	700	700	800	400	200	400	400	400	200	300	200	300	200	200	200	200	100
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	76,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000	0	10,000	0
End Period Cash Flow	127,000	138,000	61,000	68,000	85,000	105,000	81,000	98,000	141,000	332,000	307,000	318,000	177,000	168,000	39,000	63,000	24,000	30,000	33,000	27,000	61,000	44,000	45,000	46,000	64,000	62,000	88,000	95,000	180,000	156,000	163,000	141,000	194,000	192,394	258,022	204,918	329,534	393,950	60,214	70,349	51,424	62,827	64,196	55,886	49,592	64,740	52,253	105,368	41,943	36,353	43,781	92,956	79,967	47,476	47,447	41,282	35,988	38,943	39,048	44,792	34,699	33,267	46,877	41,916	56,814	38,211	33,031	63,210	41,330	41,014	39,557	27,627	17,543	25,621	18,449	10,098	15,351	17,983	10,269	9,387	17,312	14,266	19,883	19,117	26,509	18,418	12,979	17,053	20,005	26,328	9,432	17,909	35,329	24,815	36,344	41,189	134,858	38,500	19,800	6,700	21,300	-6,500	100	200	7,100	700	-1,800	200	5,300	1,300	-1,500	100	10,500	10,700	4,400	-3,700	-100	2,800	-800	2,500	-300	1,000	-100	-2,000	400	-5,200	-29,800
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	-2,000	-2,000	0	0	0	-1,000	0	1,000	0	-2,000	1,000	1,000	-5,000	-2,000	0	0	-2,000	-2,000	1,000	0	3,000	3,000	7,288	-6,528	-4,435	-11,325	2,040	-33	-12	-95	326	88	159	70	31	28	-99	0	2,734	-1,138	-97	336	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	111,000	102,000	-49,000	-52,000	-92,000	243,000	47,000	83,000	40,000	212,000	284,000	300,000	214,000	413,000	160,000	227,000	95,000	248,000	211,000	138,000	27,000	309,000	179,000	135,000	98,000	254,000	-7,000	77,000	104,000	99,000	109,000	11,000	76,000	-40,165	58,269	-39,853	10,074	99,379	7,704	54,570	47,381	51,088	39,958	60,297	21,712	42,545	40,787	45,157	28,899	34,777	20,438	5,347	-9,091	31,137	24,461	26,287	24,356	37,324	23,704	27,796	-8,441	45,137	21,039	3,538	26,295	39,929	29,453	40,346	21,522	42,940	-25,911	13,148	20,787	13,694	39,058	6,307	19,245	32,657	22,720	7,060	32,576	36,400	20,011	15,199	24,502	1,159	-6,174	-9,618	-7,241	13,782	-254	-18,791	9,726	-12,244	44,966	48,356	43,895	10,200	-14,100	4,800	10,800	6,300	-2,300	800	1,300	-8,800	-1,900	2,400	-2,300	-300	-4,400	1,800	-1,600	-900	11,300	15,900	5,500	-1,200	1,000	6,200	-700	1,100	2,600	4,300	600	3,000	300
Investments	-11,000	-43,000	-14,000	-18,000	-1,000	-27,000	-29,000	-1,000	-5,000	-11,000	-7,000	-4,000	-13,000	-18,000	6,000	-30,000	-2,000	-1,000	-1,000	-20,000	10,000	-1,000	-1,000	2,000	-2,000	-1,000	-1,000	-1,000	-1,000	-1,000	1,000	0	-1,000	-3,967	1,018	0	25,949	456,426	-23,891	-41,960	-64,020	38,899	-4,649	-31,047	-39,313	-16,949	-34,695	33,801	-29,453	-35,051	-6,306	70,698	-109,177	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	63,000	113,000	72,000	-138,000	-138,000	1,070,000	105,000	-1,000	-1,000	-100,000	-156,000	-326,000	345,000	-181,000	121,000	-245,000	-199,000	-21,000	146,000	-311,000	-111,000	-143,000	-95,000	-283,000	-1,000	-160,000	-80,000	-147,000	-75,000	-65,000	-80,000	-35,000	0	-80,000	-50,000	3,164,382	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	115,000	17,000	-15,000	144,000	150,000	186,000	170,000	-98,000	205,000	191,000	199,000	219,000	228,000	199,000	116,000	100,000	89,000	169,000	136,000	124,000	115,000	115,000	127,000	70,000	109,000	4,000	-12,000	17,000	8,000	17,000	-76,000	-49,000	-29,000	-6,828	-28,950	-76,259	-25,296	-51,679	14,945	27,557	41,606	41,650	38,600	30,566	23,542	34,990	27,097	30,653	30,164	35,044	45,001	32,964	61,634	28,217	26,151	22,677	24,733	17,630	11,111	9,011	9,352	-117,361	25,770	25,526	27,644	30,803	26,961	25,633	26,716	21,446	-4,263	27,672	26,091	28,294	29,439	26,763	27,107	31,961	31,320	29,428	27,934	24,395	22,999	22,262	22,040	20,326	19,869	16,460	14,940	15,247	14,881	14,471	16,930	17,154	22,589	16,651	15,228	19,900	19,900	17,100	12,700	7,100	11,300	11,300	10,400	11,700	9,900	7,300	11,200	8,700	8,700	6,300	5,200	6,600	6,200	5,700	5,100	4,100	5,300	5,100	4,300	3,600	3,200	3,200	3,100	2,300	2,600
Other Cashflows From Financing Activities	9,000	-22,000	81,000	128,000	204,000	-84,000	93,000	1,132,000	110,000	38,000	-9,000	-15,000	-25,000	-49,000	383,000	-87,000	138,000	178,000	366,000	-23,000	198,000	-61,000	84,000	869,000	3,000	160,000	1,134,000	-3,000	2,000	25,000	3,000	66,000	3,000	-13,962	3,429	-328	9,691	3,152,766	6,085	6,327	5,331	-6,363	2,809	1,560	6,271	-1,823	1,901	-564	2,064	-9,070	1,132	5,928	3,402	-7,611	2,806	855	4,194	-3,248	1,234	859	1,168	5	56	80	51	124	107	211	479	-56	-3,960	176	1,285	-131	-70,434	-14	-13	-15	-649	60	-68	-144	-377	127	52	-720	191	234	221	-35	9	58	-64	48,714	-83,864	-52,952	49,804	3,400	-200	-2,500	-2,200	-8,000	-100	100	-300	3,700	-100	200	100	900	-1,200	-2,700	200	-800	-7,200	-3,900	-100	-700	-100	-4,900	200	-1,600	-100	-2,500	-500	4,000	-30,400
Other Cashflows From Investing Activities	0	0	0	0	0	-3,000	-3,000	-875,000	0	-145,000	-290,000	-17,000	0	0	-548,000	0	-2,000	-7,000	11,000	-87,000	-179,000	-73,000	-72,000	0	0	0	0	0	0	39,000	0	0	0	2,889	-3,084	0	-48,805	-3,398,600	0	0	0	-95,328	-1,000	0	-500	-502	-49,084	13,790	13,790	-1,032	-2	-27,580	188,588	0	0	0	0	0	0	0	0	13,412	13,696	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	60,000	31,000	-14,000	-12,000	15,000	4,000	-39,000	-10,000	-39,000	-13,000	-4,000	1,000	-13,000	3,000	2,000	-2,000	34,000	-7,000	7,000	13,000	10,000	11,000	3,000	4,000	-11,000	26,000	69,000	6,000	5,000	8,000	73,000	7,000	7,000	5,344	10,364	-2,138	1,233	5,824	402	-1,082	-383	-256	-453	-3,323	-222	-270	9,011	-1,841	17	-1,995	1,591	-1,381	-67,849	-161	-67	11	-85	573	434	-291	-48	154,086	4,188	3,039	-51	-11,457	4,669	3,008	1,374	6,775	2,997	2,718	-3,524	983	732	815	1,285	641	830	2,368	3,148	2,317	504	2,858	40	3,082	2	193	-300	1,274	2,241	296	-296	1,505	-2,898	10,404	-1,553	2,000	13,800	-14,500	-100	24,500	-6,900	-9,200	-10,300	-6,000	19,500	-900	-21,900	-6,800	5,400	700	-5,100	-8,100	14,400	0	-200	100	100	-100	-100	0	100	-100	0	100	-700
Sale Purchase Of Stock	0	52,000	0	-37,000	-15,000	-96,000	-50,000	-300,000	-305,000	-32,000	0	-25,000	0	399,800	-200,000	0	-200,000	-27,000	-20,000	-3,000	0	2,000	2,000	-4,000	3,000	3,000	2,000	-3,000	-2,000	-2,000	3,000	-6,000	3,000	2,643	2,900	-13,000	8,000	-3,874	-151	-975	4,900	-4,643	-29,896	-24,675	-3,888	-14,676	-15,052	-14,870	-9,775	-13,827	-63,985	-40,821	-41,567	-34,707	-20,617	-25,944	-20,823	-15,836	-8,009	-13,007	-28,593	-50,078	-59,102	-23,802	-24,600	-63,181	-42,865	0	-6,048	-64,152	0	1,200	6,900	0	-67,800	2,800	3,800	0	2,300	4,500	6,900	0	1,800	9,100	3,000	0	1,900	5,500	900	0	1,700	0	0	-55,069	37,400	-37,500	3,100	0	4,600	2,700	-600	0	600	8,200	-8,100	0	600	500	100	0	-200	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	17,000	16,000	19,000	2,000	18,000	18,000	28,000	25,000	17,000	18,000	20,000	22,000	16,000	18,000	13,000	13,000	7,000	12,000	12,000	14,000	10,000	11,000	10,000	14,000	10,000	10,000	10,000	8,000	7,000	7,000	8,000	3,000	9,000	5,730	7,000	9,000	9,000	9,587	3,194	4,144	2,966	3,737	2,868	4,358	2,146	3,242	3,440	4,245	3,800	3,035	3,047	3,525	4,488	3,716	3,000	2,924	2,231	2,780	3,101	2,419	3,167	14,962	-1,121	0	3,417	15,067	0	0	3,338	7,540	-1,319	0	1,511	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,400	25,600	-25,600	0	0	0	-18,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-124,000	-23,000	43,000	27,000	70,000	-217,000	-48,000	738,000	-220,000	-20,000	-22,000	-148,000	-181,000	-288,000	364,000	-135,000	-98,000	-245,000	-214,000	-67,000	161,000	-310,000	-109,000	-150,000	-92,000	-280,000	1,000	-160,000	-78,000	-145,000	-87,000	-67,000	-77,000	-31,962	3,429	-80,328	-40,309	3,174,491	6,085	6,327	5,331	3,646	-27,087	-23,115	2,383	-13,138	-13,151	-15,434	-7,711	-9,888	-62,853	-34,893	-38,165	-33,343	-17,811	-25,089	-16,629	-14,112	-6,775	-12,148	-27,425	-47,271	-58,086	-21,006	-23,882	-62,275	-41,547	2,256	-1,232	-62,856	-3,036	1,409	8,178	2,370	-67,782	2,807	3,766	1,856	1,579	4,564	6,860	3,869	1,262	9,220	3,069	4,104	2,028	5,797	1,103	3,321	1,762	1,567	2,213	-29	-48,910	-52,635	52,899	2,500	4,400	2,700	400	-6,500	100	200	-100	700	100	200	100	1,300	-1,500	100	500	300	0	-3,700	-100	400	100	0	0	200	-100	-2,000	0	-6,000	0
Total Cash From Operating Activities	125,000	141,000	-35,000	-34,000	-76,000	267,000	67,000	100,000	54,000	233,000	297,000	315,000	224,000	431,000	176,000	247,000	108,000	265,000	225,000	153,000	42,000	325,000	194,000	150,000	116,000	268,000	7,000	86,000	117,000	127,000	123,000	27,000	95,000	-13,282	96,349	-16,084	35,596	110,647	19,765	60,158	49,755	57,777	45,933	66,892	24,164	48,348	50,328	48,102	36,553	44,898	27,235	12,657	-5,169	38,721	34,408	37,156	30,174	42,715	30,555	33,642	-1,214	57,776	29,954	18,348	32,204	48,297	37,052	45,916	26,855	47,497	-7,524	22,656	25,623	18,744	41,687	10,328	21,831	38,602	25,281	9,992	37,381	38,514	21,757	17,811	26,437	4,151	-4,796	-7,821	-4,927	15,370	2,880	-15,882	11,708	-9,403	47,826	49,026	46,472	13,700	-11,000	7,300	13,000	22,300	800	4,700	3,900	-7,000	-1,100	4,400	-1,600	900	-3,000	3,900	-300	-300	11,600	16,300	6,200	-500	1,800	7,400	-500	1,400	2,900	5,400	900	3,500	600
Total Cashflows From Investing Activities	0	0	-14,000	-18,000	-17,000	-27,000	-29,000	-893,000	-19,000	-177,000	-310,000	-36,000	-23,000	-18,000	-558,000	-50,000	-15,000	-25,000	-4,000	-122,000	-184,000	-17,000	-87,000	-13,000	-20,000	-14,000	-15,000	-9,000	-13,000	11,000	-10,000	-16,000	-20,000	-35,707	-40,146	-23,769	-48,378	-2,961,442	-35,952	-47,548	-66,394	-63,118	-10,624	-37,642	-41,765	-22,754	-90,320	30,856	-23,317	-45,172	-12,905	35,808	75,489	-39,616	0	0	0	0	0	16,902	30,284	21,434	30,359	0	10,440	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Cost Of Revenue	2,565,000	3,157,000	2,999,000	2,445,000	2,385,000	2,237,000	2,012,000	1,932,000	2,007,739	892,547	534,549	504,524	496,719	495,979	442,864	497,395	451,161	401,104	348,090	319,895	263,320	244,864	240,115	235,852	187,100	168,900	89,600	84,000	75,400	53,700	42,800	28,900	23,000	19,500
Depreciation And Amortization	176,000	204,000	256,000	183,000	208,000	175,000	263,000	304,000	319,879	81,371	32,110	26,177	24,000	31,209	32,913	38,581	26,902	16,087	13,104	12,255	11,580	13,619	14,482	17,335	9,000	11,300	4,300	3,800	2,200	1,400	1,000	800	500	400
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	133	1,007	44,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	600,000	1,346,000	979,000	651,000	692,000	639,000	382,000	275,000	235,308	220,305	179,582	189,173	190,379	148,999	89,347	-18,779	122,657	124,899	141,890	167,984	124,924	99,154	92,224	126,441	109,500	74,000	38,800	33,900	27,000	27,500	21,200	12,700	11,900	10,400
Ebitda	776,000	1,550,000	1,235,000	834,000	900,000	814,000	645,000	579,000	555,187	301,676	211,692	215,350	214,379	180,208	122,260	19,802	149,559	140,986	154,994	180,239	136,504	112,773	106,706	143,776	118,500	85,300	43,100	37,700	29,200	28,900	22,200	13,500	12,400	10,800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	3,000	-72,000	0	0	0	0	0	0	0	0	0	0	1,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	2,034,000	2,624,000	2,628,000	2,003,000	2,100,000	1,981,000	1,710,000	1,642,000	1,644,233	778,025	503,610	491,644	486,769	460,869	360,721	479,305	417,118	358,420	354,181	343,159	273,077	230,747	209,893	245,717	211,400	167,100	102,500	85,700	73,200	53,400	44,700	29,800	22,600	18,500
Income Before Tax	334,000	544,000	968,000	560,000	598,000	524,000	88,000	-129,000	-163,623	16,629	163,827	164,174	179,719	144,935	70,523	-11,913	167,375	101,642	168,465	184,548	135,992	110,883	96,139	111,911	108,800	65,100	66,700	44,600	38,000	32,900	28,500	17,800	13,300	10,700
Income Tax Expense	38,000	81,000	131,000	56,000	54,000	103,000	71,000	8,000	-26,290	-15,800	29,602	42,277	49,376	43,157	23,419	26,508	57,262	32,015	56,862	63,905	44,296	39,288	34,610	40,289	39,200	25,000	23,900	15,700	15,400	11,800	10,200	6,000	4,800	4,100
Interest Expense	142,000	23,000	5,000	76,000	89,000	91,000	227,000	193,000	193,958	56,836	0	0	1,944	0	0	0	44	252	79	44	154	319	231	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	23,000	0	0	95,000	96,000	228,000	198,000	216,000	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
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
Net Income	296,000	463,000	837,000	504,000	544,000	421,000	17,000	-137,000	-137,333	32,429	134,358	122,904	174,643	101,778	47,104	-38,421	110,113	70,946	111,603	120,643	91,696	71,595	61,529	71,622	69,600	40,100	40,100	28,900	22,600	21,100	18,300	11,800	8,500	6,600
Net Income Applicable To Common Shares	0	463,000	837,000	504,000	544,000	421,000	17,000	-137,000	-158,000	32,429	134,358	122,904	174,643	101,778	47,104	0	110,113	69,627	111,603	120,643	91,696	71,595	61,529	71,622	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	465,000	463,000	837,000	504,000	544,000	421,000	17,000	-137,000	-158,000	32,429	134,225	121,897	130,343	101,778	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-94,000	23,000	-5,000	-76,000	-89,000	-91,000	-227,000	-193,000	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
Non Operating Income Net Other	0	-8,000	-6,000	-15,000	-5,000	5,000	-7,000	-16,000	-24,000	-15,125	3,563	-177	-2,317	1,083	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	407,000	32,000	34,000	32,000	19,000	66,000	206,000	185,000	132,718	10,580	13,183	2,041	3,115	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	600,000	1,346,000	979,000	651,000	692,000	610,000	322,000	80,000	53,303	88,590	160,264	164,351	182,036	143,852	68,802	-15,346	143,185	80,429	154,211	175,170	129,218	101,805	92,459	119,736	109,300	69,700	52,800	39,300	32,500	30,300	25,000	15,400	12,700	10,600
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
Other Operating Expenses	3,999,000	4,845,000	4,616,000	3,763,000	3,761,000	3,589,000	3,334,000	3,288,000	3,415,744	1,449,264	867,315	818,634	799,411	809,881	723,650	992,046	723,241	679,095	548,060	487,816	406,478	370,433	355,711	361,833	289,200	266,300	139,300	130,400	116,100	76,800	62,500	43,300	32,900	27,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	178,000	204,000	187,000	146,000	175,000	175,000	263,000	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
Research Development	519,000	570,000	567,000	453,000	447,000	444,000	389,000	376,000	394,111	151,103	91,147	87,364	89,926	101,930	85,089	85,120	57,600	48,959	46,000	37,093	31,759	29,210	28,184	26,746	22,000	21,400	10,800	13,400	0	0	0	0	0	0
Selling And Marketing Expenses	581,000	607,000	587,000	483,000	503,000	483,000	448,000	444,000	486,369	213,304	138,020	129,906	127,797	122,689	100,199	130,764	121,996	96,788	89,707	77,062	66,635	56,176	49,688	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	334,000	375,000	348,000	304,000	323,000	328,000	301,000	307,000	276,656	138,214	96,216	92,167	81,649	79,710	85,032	87,885	81,356	62,656	59,910	49,097	41,892	38,689	32,491	81,900	71,100	64,700	34,600	29,200	0	0	0	0	0	0
Tax Provision	92,000	81,000	131,000	56,000	54,000	103,000	71,000	8,000	-22,000	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
Total Operating Expenses	1,434,000	1,688,000	1,617,000	1,318,000	1,376,000	1,352,000	1,322,000	1,356,000	1,408,005	556,717	332,766	314,110	302,692	313,902	280,786	494,651	272,080	277,991	199,970	167,921	143,158	125,569	115,596	125,981	102,100	97,400	49,700	46,400	40,700	23,100	19,700	14,400	9,900	7,900
Total Other Income Expense Net	-266,000	-802,000	-11,000	-91,000	-94,000	-14,000	-73,000	-222,000	-205,893	-147,843	-7,017	-13,360	-6,302	-2,032	-9,412	3,433	22,381	-44,470	12,321	7,254	4,995	6,024	2,073	-6,705	-200	-4,300	14,000	5,400	5,500	2,800	3,800	2,700	800	200
Total Revenue	4,599,000	5,781,000	5,627,000	4,448,000	4,485,000	4,218,000	3,722,000	3,574,000	3,651,972	1,670,572	1,038,159	996,168	983,488	956,848	803,585	976,700	868,279	759,524	702,271	663,054	536,397	475,611	450,008	481,569	398,500	336,000	192,100	169,700	148,600	107,100	87,500	58,700	45,600	38,000

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31
Cost Of Revenue	638,000	587,000	529,000	633,000	738,000	818,000	750,000	794,000	795,000	798,000	790,000	719,000	692,000	690,000	639,000	537,000	579,000	648,000	595,000	577,000	565,000	598,000	587,000	540,000	512,000	557,000	506,000	485,000	464,000	510,000	490,000	473,000	457,000	524,964	502,217	496,896	483,662	454,199	151,766	146,252	140,330	143,511	134,913	132,253	123,872	128,719	125,113	126,700	124,012	125,788	129,785	123,843	117,303	124,534	127,793	124,556	119,096	121,044	109,080	105,940	106,800	121,679	126,287	126,067	123,480	120,275	112,590	109,510	108,786	111,493	98,600	97,895	93,116	89,503	87,959	87,266	83,362	83,979	84,030	78,315	73,571	72,803	66,876	63,305	60,336	63,761	62,729	60,202	58,173	60,111	58,281	60,601	61,122	66,179	59,503	63,392	46,712	49,800	45,700	45,900	45,600	98,200	25,600	22,300	22,900	22,800	25,800	21,900	19,700	22,900	21,600	20,400	19,100	-	-	-	17,500	15,700	13,800	13,100	11,100	11,100	11,400	10,800	9,400	7,700	7,100	7,300	6,800	6,500	6,200	-	-	-	-	-	-
Depreciation And Amortization	43,000	44,000	44,000	44,000	63,000	61,000	55,000	51,000	52,000	51,000	48,000	44,000	44,000	26,000	35,000	34,000	34,000	36,000	26,000	48,000	47,000	26,000	45,000	43,000	43,000	33,000	68,000	72,000	69,000	51,000	80,000	77,000	77,000	79,461	78,553	82,162	79,703	54,148	2,597	9,093	9,003	1,826	7,900	8,040	7,372	7,271	6,942	6,005	5,959	806	5,834	6,219	5,932	7,511	2,444	8,207	7,814	8,504	8,462	2,575	7,953	10,163	9,811	9,519	9,088	7,718	6,941	6,390	5,853	4,749	4,038	3,631	3,669	3,545	3,160	3,306	3,093	3,225	2,950	3,030	3,050	2,961	2,836	2,874	2,909	4,044	2,898	3,943	2,734	3,872	3,470	3,296	3,844	4,930	5,883	3,995	2,527	1,700	2,400	3,200	1,700	4,700	1,100	4,300	1,200	2,100	-900	1,600	1,500	1,600	700	700	800	-	-	-	400	200	400	400	400	200	300	200	300	200	200	200	200	100	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	125	0	8	0	191	516	300	0	2,185	10,814	-205	31,506	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	169,000	91,000	102,000	231,000	225,000	260,000	243,000	-156,000	280,000	221,000	243,000	250,000	272,000	232,000	171,000	129,000	156,000	197,000	197,000	168,000	163,000	189,000	172,000	128,000	150,000	138,000	96,000	77,000	71,000	98,000	67,000	61,000	43,000	75,865	67,459	34,605	56,001	45,557	99,714	76,378	63,667	59,598	47,966	39,668	32,351	47,591	39,573	40,025	42,715	43,630	50,188	47,223	48,122	44,255	38,763	33,846	34,660	28,512	21,166	18,225	19,189	189,473	49,064	39,647	39,737	27,581	32,809	28,793	33,474	32,274	30,936	33,400	33,496	34,438	36,539	33,902	35,494	43,891	42,950	42,174	39,026	31,636	34,959	28,987	29,342	17,864	29,317	24,191	19,130	22,000	24,786	20,955	24,565	22,898	37,694	39,225	26,758	32,400	35,000	22,900	19,400	33,300	16,500	14,300	10,100	12,800	11,700	10,300	3,700	9,400	10,400	6,500	7,700	-	-	-	8,600	8,200	7,900	6,300	5,200	6,100	4,700	5,500	4,900	3,500	3,200	3,300	2,800	2,600	3,300	-	-	-	-	-	-
Ebitda	212,000	135,000	146,000	275,000	288,000	321,000	298,000	-105,000	332,000	272,000	291,000	294,000	316,000	258,000	206,000	163,000	190,000	233,000	223,000	216,000	210,000	215,000	217,000	171,000	193,000	171,000	164,000	149,000	140,000	149,000	147,000	138,000	120,000	155,326	146,012	116,767	135,704	99,705	102,311	85,471	72,670	61,424	55,866	47,708	39,723	54,862	46,515	46,030	48,674	44,436	56,022	53,442	54,054	51,766	41,207	42,053	42,474	37,016	29,628	20,800	27,142	199,636	58,875	49,166	48,825	35,299	39,750	35,183	39,327	37,023	34,974	37,031	37,165	37,983	39,699	37,208	38,587	47,116	45,900	45,204	42,076	34,597	37,795	31,861	32,251	21,908	32,215	28,134	21,864	25,872	28,256	24,251	28,409	27,828	43,577	43,220	29,285	34,100	37,400	26,100	21,100	38,000	17,600	18,600	11,300	14,900	10,800	11,900	5,200	11,000	11,100	7,200	8,500	-74,900	37,500	35,500	9,000	8,400	8,300	6,700	5,600	6,300	5,000	5,700	5,200	3,700	3,400	3,500	3,000	2,700	3,400	10,500	10,400	-16,200	9,600	9,600	7,700
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,319	0	-1,319	1,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	536,000	421,000	427,000	581,000	667,000	685,000	628,000	674,000	637,000	669,000	646,000	658,000	655,000	618,000	493,000	419,000	473,000	544,000	535,000	520,000	501,000	539,000	505,000	472,000	465,000	469,000	429,000	411,000	401,000	432,000	414,000	406,000	390,000	427,777	414,056	392,878	409,522	336,412	151,506	142,169	147,938	141,028	128,610	120,907	113,065	124,460	126,924	120,377	119,863	121,520	123,553	121,698	119,998	123,641	118,714	111,179	107,335	101,478	91,698	81,736	85,809	110,889	117,786	127,715	122,797	113,298	104,628	99,402	99,790	98,410	87,786	89,526	82,698	89,791	87,677	89,348	87,365	90,895	87,146	84,515	80,603	74,397	67,773	66,558	64,349	62,564	60,422	55,749	52,012	51,500	52,037	52,334	54,022	60,186	68,727	64,963	51,907	57,600	58,300	51,400	44,200	74,900	31,800	33,100	27,300	30,600	24,100	25,900	22,700	24,200	22,200	20,100	19,300	41,200	37,500	35,500	16,900	15,300	14,400	12,800	10,900	12,700	11,700	10,800	9,600	8,300	7,500	7,600	6,400	6,300	5,700	10,500	10,400	11,200	9,600	9,600	7,700
Income Before Tax	142,000	2,000	-24,000	171,000	185,000	225,000	222,000	-153,000	250,000	226,000	228,000	238,000	276,000	216,000	138,000	103,000	103,000	179,000	159,000	129,000	131,000	148,000	143,000	100,000	133,000	78,000	-7,000	19,000	-2,000	20,000	-77,000	-34,000	-49,000	-27,251	-25,542	-52,667	-58,163	-92,719	24,806	30,997	53,545	50,206	47,141	37,716	28,764	44,062	38,498	39,719	41,895	41,112	47,982	46,251	44,374	40,223	38,951	33,349	32,412	27,183	16,340	13,249	13,751	-128,691	35,602	38,971	42,205	46,191	41,162	39,135	40,888	31,691	-10,105	42,247	37,809	42,013	43,893	41,016	41,543	48,637	47,960	45,156	42,795	35,466	32,369	34,249	33,908	31,271	30,564	25,709	23,337	23,823	23,252	22,611	26,454	26,805	35,296	26,016	23,794	30,700	31,000	26,700	20,300	13,600	17,500	17,600	16,300	18,000	15,500	14,700	17,900	13,800	13,400	9,500	7,900	-	-	-	10,400	9,500	9,100	7,800	6,400	7,500	8,200	6,700	6,000	4,300	4,800	4,900	3,700	3,800	3,500	-	-	-	-	-	-
Income Tax Expense	27,000	-15,000	-9,000	27,000	35,000	39,000	52,000	-55,000	45,000	35,000	29,000	19,000	48,000	17,000	22,000	3,000	14,000	10,000	23,000	5,000	16,000	33,000	16,000	30,000	24,000	74,000	5,000	2,000	-10,000	3,000	6,000	15,000	-20,000	-20,423	3,408	23,591	-32,866	-41,040	9,861	3,440	11,939	8,681	8,541	7,158	5,222	9,263	11,917	9,366	11,731	8,253	13,795	13,082	14,246	12,006	12,800	10,672	7,679	9,553	5,229	4,238	4,399	-11,330	9,832	13,445	14,561	15,388	14,201	13,502	14,172	10,245	-5,842	14,575	13,037	13,719	14,453	14,253	14,436	16,676	16,641	15,728	14,861	11,071	9,370	11,987	11,868	10,945	10,697	9,249	8,397	8,576	8,370	8,140	9,524	9,651	12,706	9,366	8,566	10,800	11,100	9,600	7,600	6,500	6,300	6,300	5,900	6,300	5,600	5,100	6,700	5,100	4,700	3,200	2,700	-7,900	-1,000	-7,100	3,800	3,300	3,400	2,700	2,300	2,200	3,100	2,400	2,400	1,100	1,700	1,800	1,400	1,200	1,300	-	-	-1,900	-1,700	-1,700	-1,300
Interest Expense	17,000	39,000	39,000	16,000	37,000	25,000	21,000	3,000	30,000	5,000	5,000	7,000	2,000	7,000	10,000	14,000	45,000	4,000	28,000	33,000	24,000	39,000	18,000	23,000	11,000	51,000	95,000	40,000	41,000	48,000	46,000	51,000	50,000	48,696	45,002	49,331	50,965	56,715	171	2,000	18	0	400	0	500	1,959	541	826	592	594	134	656	560	0	500	1,100	1,000	0	1,400	100	100	0	4,900	2,700	3,100	44	73	10	10	252	5	13	218	8	41	27	3	5	7	6	26	154	64	14	38	319	114	32	55	231	12	28	92	14	22	3,300	3,200	0	1,400	2,900	2,300	0	400	1,500	1,700	0	100	100	100	0	100	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	30,000	0	0	0	0	0	0	0	0	8,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Net Income	115,000	17,000	-15,000	144,000	150,000	186,000	170,000	-98,000	205,000	191,000	199,000	219,000	228,000	199,000	116,000	100,000	89,000	169,000	136,000	124,000	115,000	115,000	127,000	70,000	109,000	4,000	-12,000	17,000	8,000	17,000	-83,000	-49,000	-29,000	-6,828	-28,950	-76,258	-25,297	-51,679	14,945	27,557	41,606	41,650	38,600	30,566	23,542	34,990	27,097	30,653	30,164	35,044	45,001	32,964	61,634	28,217	26,151	22,677	24,733	17,630	11,111	9,011	9,352	-117,361	25,770	25,526	27,644	30,803	26,961	25,633	26,716	21,446	-4,263	27,672	26,091	28,294	28,075	25,446	25,819	31,961	31,319	29,428	27,934	24,395	22,999	22,262	22,040	20,326	19,867	16,460	14,940	15,247	14,882	14,471	16,930	17,154	22,590	16,650	15,228	19,900	19,900	17,122	12,700	7,100	13,200	14,000	10,400	11,700	9,900	7,200	11,200	8,700	8,700	6,300	5,200	7,900	1,000	7,100	6,600	6,200	5,700	5,100	4,100	5,300	5,100	4,300	3,600	3,200	3,100	3,100	2,300	2,600	2,200	-	-	1,900	1,700	1,700	1,300
Net Income Applicable To Common Shares	0	0	-15,000	144,000	150,000	186,000	170,000	-98,000	205,000	191,000	199,000	219,000	228,000	199,000	116,000	100,000	89,000	169,000	136,000	124,000	115,000	115,000	127,000	70,000	109,000	4,000	-12,000	17,000	8,000	17,000	-83,000	-45,000	-26,000	-27,495	-28,950	-76,258	-25,297	-51,679	14,945	27,557	41,606	41,650	38,600	30,566	23,542	34,990	27,097	30,653	30,164	35,044	45,001	32,964	61,634	29,635	26,151	22,677	25,547	17,630	11,111	9,011	9,352	-25,770	25,770	25,526	27,644	30,803	26,961	25,633	26,716	21,446	-27,672	27,672	24,772	26,845	28,075	25,445	25,819	31,961	31,320	29,428	27,934	24,395	22,999	22,262	22,040	20,326	19,869	16,460	14,940	15,247	14,881	14,471	16,930	17,154	22,589	16,651	15,228	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Net Income From Continuing Ops	115,000	17,000	-15,000	144,000	150,000	186,000	170,000	-98,000	205,000	191,000	199,000	219,000	228,000	199,000	116,000	100,000	89,000	169,000	136,000	124,000	115,000	115,000	127,000	70,000	109,000	4,000	-12,000	17,000	8,000	17,000	-83,000	-45,000	-26,000	-27,495	-28,950	-76,258	-25,297	-51,679	14,945	27,557	41,606	41,525	38,600	30,558	23,542	34,799	26,581	30,353	30,164	32,859	34,187	33,169	30,128	0	26,151	22,677	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-17,000	-64,000	-16,000	-16,000	-37,000	-25,000	21,000	-3,000	30,000	5,000	-5,000	-7,000	2,000	-7,000	-10,000	-14,000	-45,000	-4,000	-28,000	-33,000	-24,000	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	0	0	0	0	0	0	0	0	0	0	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	-7,000	-3,000	-40,000	-1,000	-5,000	38,000	-2,000	-4,000	-2,000	2,000	-8,000	-2,000	-2,000	-3,000	-5,000	2,000	2,000	-4,000	8,000	-1,000	-2,000	0	-4,000	-3,000	1,000	-1,000	-6,000	-7,000	-5,000	2,000	-1,934	-5,561	10,467	-26,972	-11,044	-2,150	-2,068	137	1,128	372	1,475	588	-56	-267	260	-114	-1,011	-898	-420	12	0	94	508	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	16,000	10,000	12,000	3,000	388,000	4,000	21,000	6,000	4,000	1,000	6,000	20,000	3,000	5,000	10,000	12,000	5,000	5,000	2,000	10,000	1,000	6,000	6,000	9,000	20,000	31,000	46,000	90,000	34,000	36,000	61,375	37,010	49,115	37,500	71,667	35,206	20,651	5,194	5,697	787	1,719	2,377	2,251	9,680	1,252	0	-49	138	66	1,886	0	0	576	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	169,000	91,000	-12,000	194,000	225,000	260,000	202,000	-145,000	212,000	223,000	237,000	247,000	272,000	231,000	150,000	119,000	151,000	188,000	185,000	160,000	159,000	179,000	162,000	125,000	144,000	133,000	91,000	58,000	40,000	71,000	-24,000	22,000	43,000	22,311	25,021	-13,803	19,774	-24,839	26,956	33,065	53,408	49,079	46,769	36,241	28,176	44,118	38,765	39,459	42,009	42,123	48,880	46,671	44,362	40,434	38,857	32,841	31,720	27,093	15,150	12,385	14,174	-132,349	40,680	36,969	39,354	36,862	37,022	33,969	35,333	25,719	-16,278	37,830	33,158	38,194	40,095	37,402	38,520	46,159	45,096	43,217	40,697	32,253	33,696	31,625	31,644	28,417	28,884	24,966	19,538	22,792	23,720	21,265	24,683	25,384	36,506	32,628	25,285	31,700	33,100	24,800	19,800	23,600	17,000	16,000	13,200	15,400	13,600	12,500	10,800	11,600	12,000	8,000	7,900	-74,900	37,500	35,500	9,600	8,900	8,500	7,100	5,900	6,900	6,500	6,100	5,500	4,000	4,000	4,100	3,300	3,300	3,400	10,500	10,400	-16,200	9,600	9,600	7,700
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Other Operating Expenses	1,005,000	917,000	908,000	1,004,000	1,170,000	1,231,000	1,173,000	1,225,000	1,216,000	1,223,000	1,193,000	1,126,000	1,074,000	1,071,000	962,000	834,000	896,000	994,000	933,000	932,000	902,000	956,000	920,000	886,000	827,000	887,000	835,000	818,000	794,000	842,000	831,000	818,000	804,000	876,864	848,508	854,462	835,910	743,783	241,110	234,705	229,666	229,763	215,967	215,200	206,384	207,064	213,272	207,618	201,866	205,234	204,320	198,804	191,053	205,936	207,650	202,318	192,895	193,548	182,025	171,939	176,139	204,828	199,089	216,813	206,923	196,711	180,196	174,943	171,390	184,184	202,664	149,591	142,656	141,100	135,541	139,212	132,207	128,647	126,080	119,600	113,432	114,246	100,953	98,238	93,041	97,908	94,267	90,985	90,574	88,650	86,293	91,138	89,629	100,981	91,724	95,727	73,334	75,700	70,900	72,500	70,000	149,500	40,400	39,400	37,000	38,000	36,300	35,300	31,600	35,500	31,800	32,500	30,500	116,100	-	-	24,800	22,100	19,700	18,800	16,100	16,900	16,600	15,500	13,500	12,000	10,600	10,800	9,900	9,500	8,500	-	-	27,400	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	43,000	44,000	44,000	44,000	44,000	46,000	55,000	51,000	52,000	51,000	48,000	44,000	44,000	43,000	35,000	34,000	34,000	36,000	44,000	48,000	47,000	44,000	45,000	43,000	43,000	54,000	68,000	72,000	69,000	70,000	80,000	77,000	77,000	79,582	78,553	82,162	79,703	54,148	9,127	9,093	9,003	8,798	7,900	8,040	7,372	7,271	6,942	6,005	5,959	6,015	5,834	6,219	5,932	7,511	7,677	8,207	7,814	8,504	8,462	7,994	7,953	10,163	9,811	9,519	9,088	7,718	6,941	6,390	5,853	4,749	4,038	3,631	3,669	3,545	3,160	3,306	3,093	3,225	2,950	3,030	3,050	2,961	2,836	2,874	2,909	4,044	2,898	3,943	2,734	3,872	3,470	3,296	3,844	4,930	5,883	3,995	2,527	1,700	2,400	3,200	1,700	4,700	1,100	4,300	1,200	2,100	-900	1,600	1,500	1,600	700	700	800	-	-	-	400	200	400	400	400	200	300	200	300	200	200	200	200	100	100	-	-	-	-	-	-
Research Development	138,000	116,000	127,000	130,000	146,000	142,000	143,000	148,000	137,000	145,000	141,000	141,000	140,000	137,000	113,000	98,000	105,000	118,000	110,000	108,000	111,000	121,000	113,000	109,000	101,000	98,000	96,000	99,000	96,000	92,000	96,000	95,000	93,000	98,267	100,340	99,087	96,417	79,311	25,225	23,710	22,857	23,712	22,376	23,201	21,858	22,605	22,007	22,336	20,419	23,174	22,584	22,487	21,681	26,741	26,746	25,371	23,072	21,516	21,155	20,614	21,804	20,653	21,711	22,849	19,789	15,642	13,904	13,869	14,185	12,768	11,774	12,382	12,035	11,778	11,501	12,054	10,668	9,368	9,596	9,233	8,896	8,722	7,898	7,560	7,579	6,674	7,609	7,472	7,455	7,124	6,849	7,615	6,596	7,019	6,609	7,370	5,748	5,800	5,200	5,400	5,600	11,600	3,500	2,900	3,400	2,900	2,800	2,800	2,500	5,400	2,300	3,000	2,700	-	-	-	1,700	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Selling And Marketing Expenses	148,000	136,000	138,000	146,000	161,000	155,000	149,000	151,000	152,000	157,000	148,000	148,000	134,000	133,000	119,000	109,000	122,000	130,000	124,000	127,000	122,000	122,000	120,000	121,000	120,000	112,000	113,000	114,000	109,000	107,000	112,000	112,000	121,000	118,926	120,217	125,120	122,106	105,352	36,781	35,755	35,416	36,280	34,395	33,830	33,515	33,313	32,321	32,158	32,114	36,377	31,942	30,950	28,528	34,496	30,365	30,328	27,500	28,006	25,793	23,724	22,676	130,764	33,148	34,322	30,861	121,996	29,080	29,069	28,164	96,788	0	23,510	22,109	25,286	20,800	22,554	21,067	22,615	19,217	18,023	17,207	66,635	15,871	16,754	14,504	56,176	14,343	13,531	11,950	49,688	12,359	13,146	0	0	11,837	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Selling General Administrative	81,000	78,000	88,000	69,000	99,000	87,000	92,000	97,000	99,000	89,000	85,000	92,000	82,000	85,000	71,000	74,000	74,000	79,000	78,000	90,000	76,000	89,000	75,000	93,000	71,000	87,000	71,000	68,000	75,000	82,000	74,000	78,000	74,000	73,626	67,235	69,659	66,136	58,761	24,741	26,321	28,391	24,434	22,452	24,053	25,276	20,964	23,047	25,654	24,551	19,089	19,166	20,688	22,706	18,821	20,302	19,718	20,869	20,373	23,348	19,086	22,225	87,885	18,534	24,216	25,045	81,356	21,694	19,875	17,932	62,656	38,109	15,081	14,649	13,665	14,489	16,810	14,946	11,959	11,865	12,527	12,746	41,892	9,937	10,248	10,251	38,689	9,213	9,413	9,329	32,491	7,478	8,479	20,628	22,853	7,892	21,000	18,300	18,400	17,500	17,800	16,900	35,000	15,600	15,700	15,000	10,200	13,200	13,900	11,600	5,600	10,500	11,600	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-
Tax Provision	27,000	-15,000	-9,000	27,000	35,000	39,000	52,000	-55,000	45,000	35,000	29,000	19,000	48,000	17,000	22,000	3,000	14,000	10,000	23,000	5,000	16,000	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	0	0	0	0	0	0	0	0	0	0	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	367,000	330,000	379,000	371,000	432,000	413,000	426,000	819,000	425,000	457,000	403,000	407,000	382,000	381,000	323,000	297,000	317,000	346,000	338,000	355,000	337,000	358,000	333,000	346,000	315,000	330,000	329,000	333,000	330,000	332,000	341,000	345,000	347,000	351,900	346,291	357,566	352,248	289,584	89,344	88,453	89,336	86,252	81,054	82,947	82,512	78,345	88,159	80,918	77,854	79,446	74,535	74,961	73,750	81,402	79,857	77,762	73,799	72,504	72,945	65,999	69,339	83,149	72,802	90,746	83,443	76,436	67,606	65,433	62,604	72,691	104,064	51,696	49,540	51,597	47,582	51,946	48,845	44,668	42,050	41,285	39,861	41,443	34,077	34,933	32,705	34,147	31,538	30,783	32,401	28,539	28,012	30,537	28,507	34,802	32,221	32,335	26,622	25,900	25,200	26,600	24,400	51,300	14,800	17,100	14,100	15,200	10,500	13,400	11,900	12,600	10,200	12,100	11,400	-116,100	-	-	7,300	6,400	5,900	5,700	5,000	5,800	5,200	4,700	4,100	4,300	3,500	3,500	3,100	3,000	2,300	-	-	-27,400	-	-	-
Total Other Income Expense Net	-27,000	-89,000	-56,000	-23,000	-40,000	-35,000	20,000	-8,000	38,000	3,000	-10,000	-6,000	1,000	-14,000	-22,000	-5,000	-8,000	-15,000	-10,000	-3,000	-9,000	6,000	-11,000	-3,000	-6,000	-10,000	-12,000	-19,000	-32,000	-32,000	-104,000	-44,000	-42,000	-54,432	-48,305	-38,648	-64,472	-82,832	-37,356	-22,719	-5,057	-4,570	-415	-244	-1,789	-2,053	-808	-566	-706	-1,556	-1,170	-486	-1,874	-2,016	94	-429	-1,124	-2,631	-2,413	-2,488	-2,719	-161,733	-4,080	-2,678	-383	9,281	4,213	5,176	3,712	-6,555	-47,214	4,430	-338	3,756	3,556	3,500	3,026	2,336	2,146	1,056	1,716	1,318	-1,263	2,638	2,302	10,553	-433	775	481	961	-761	842	950	2,486	-1,188	-6,597	-1,473	-700	-1,900	1,900	400	-9,700	500	1,700	3,100	2,600	1,900	2,200	7,100	2,200	1,600	1,500	200	-	-	-	1,000	700	600	800	700	800	1,800	600	600	500	800	800	500	700	100	-	-	-	-	-	-
Total Revenue	1,174,000	1,008,000	956,000	1,214,000	1,405,000	1,503,000	1,378,000	1,468,000	1,432,000	1,467,000	1,436,000	1,377,000	1,347,000	1,308,000	1,132,000	956,000	1,052,000	1,192,000	1,130,000	1,097,000	1,066,000	1,137,000	1,092,000	1,012,000	977,000	1,026,000	935,000	896,000	865,000	942,000	904,000	879,000	847,000	952,741	916,273	889,774	893,184	790,611	303,272	288,421	288,268	284,539	263,523	253,160	236,937	253,179	252,037	247,077	243,875	247,308	253,338	245,541	237,301	248,175	246,507	235,735	226,431	222,522	200,778	187,676	192,609	232,568	244,073	253,782	246,277	233,573	217,218	208,912	208,576	209,903	186,386	187,421	175,814	179,294	175,636	176,614	170,727	174,874	171,176	162,830	154,174	147,200	134,649	129,863	124,685	126,325	123,151	115,951	110,185	111,611	110,318	112,935	115,144	126,365	128,230	128,355	98,619	107,400	104,000	97,300	89,800	173,100	57,400	55,400	50,200	53,400	49,900	47,800	42,400	47,100	43,800	40,500	38,400	41,200	37,500	35,500	34,400	31,000	28,200	25,900	22,000	23,800	23,100	21,600	19,000	16,000	14,600	14,900	13,200	12,800	11,900	10,500	10,400	11,200	9,600	9,600	7,700

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

Gross Profit (+$)
totalRevenue	4,599,000
Cost of Revenue	-2,565,000
Gross Profit	2,034,000	2,034,000

Operating Income (+$)
Gross Profit	2,034,000
Operating Expense	-1,434,000
Operating Income	600,000	600,000

Operating Expense (+$)
Research Development	519,000
Selling General Administrative	334,000
Selling And Marketing Expenses	581,000
Operating Expense	1,434,000	1,434,000

Net Interest Income (+$)
Interest Income	0
Interest Expense	-142,000
Other Finance Cost	-48,000
Net Interest Income	-94,000

Pretax Income (+$)
Operating Income	600,000
Net Interest Income	-94,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	334,000	866,000 EBIT - interestExpense = 458,000 334,000 438,000
Interest Expense	142,000
Earnings Before Interest and Taxes (EBIT)	600,000	476,000
Earnings Before Interest and Taxes (EBITDA)	776,000

After tax Income (+$)
Income Before Tax	334,000
Tax Provision	-92,000
Net Income From Continuing Ops	465,000	242,000
Net Income	296,000
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	3,999,000
Total Other Income/Expenses Net	-266,000	94,000

Technical Analysis of Zebra
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 Zebra. The general trend of Zebra is BULLISH with 100.0% 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 Zebra'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 (100.0%)		Bearish trend (-100.0%)
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 Zebra Technologies Corporation.

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

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 320.55 < 322.95 < 340.84.

The bearish price targets are: 306.96 > 266.75 > 260.75.

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Zebra Technologies 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 Zebra Technologies Corporation. The current mas is .

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

MA 20 trending up: The MA 20 is trending up. +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.

Zebra Technologies 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 Zebra Technologies Corporation. The current macd is 8.28083646.

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

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Zebra price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Zebra. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Zebra price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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

Zebra Technologies 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 Zebra Technologies Corporation. The current adx is 31.98.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Zebra shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.

Zebra Technologies 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 Zebra Technologies Corporation. The current sar is 293.79.

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

Zebra Technologies 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 Zebra Technologies Corporation. The current rsi is 63.44. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -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.

Zebra Technologies 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 Zebra Technologies Corporation. The current phase is Overbought in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D 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 Zebra price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Zebra Technologies 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 Zebra Technologies Corporation. The current cci is 88.43.

Zebra Technologies 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 Zebra Technologies Corporation. The current cmo is 31.58.

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

Zebra Technologies 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 Zebra Technologies Corporation. The current willr is -12.83007156.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Zebra Technologies 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 Zebra Technologies Corporation.

Zebra Technologies 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 Zebra Technologies Corporation. The current atr is 9.00856723.

Zebra Technologies 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 Zebra Technologies Corporation. The current obv is 5,487,502.

Zebra Technologies 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 Zebra Technologies Corporation. The current mfi is 75.23.

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

Zebra Technologies Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Zebra Technologies 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
2023-12-18	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-26	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-03	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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-17	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-31	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-09	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	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
2024-02-15	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).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	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.
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-21	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).
2024-03-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-12	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
2024-04-15	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-25	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.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-29	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-30	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).
2024-05-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-05-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-05-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-05-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-05-09	STOCH	LONG EXIT		The %K line crosses below the %D line.

6.3. Candlestick Patterns

Zebra Technologies Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	63.436
Ma 20	Greater than	Ma 50	295.092
Ma 50	Greater than	Ma 100	292.617
Ma 100	Greater than	Ma 200	276.039
Open	Greater than	Close	319.040
Total			5/5 (100.0%)

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Quick analysis of Zebra (30 sec.)

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

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What is your share worth?

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1. Valuation of Zebra (5 min.)

$315.80

$61.19

$-27.01 - $93.85

$34.18 - $155.04

2. Growth of Zebra (5 min.)

Is Zebra growing?

How much money is Zebra making?

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

3. Financial Health of Zebra (5 min.)

4. Comparing to competitors in the Communication Equipment industry (5 min.)

Industry Rankings (Communication Equipment)

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

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

Speculation

Investing

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Fundamentals of Zebra

About Zebra Technologies Corporation

Financial Health

Valuation

1.1. Profitability of Zebra Technologies Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Communication Equipment)

1.1.2. Return on Assets

Trends

Compared to industry (Communication Equipment)

1.1.3. Return on Equity

Trends

Compared to industry (Communication Equipment)

1.2. Operating Efficiency of Zebra Technologies Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Communication Equipment)

1.2.2. Operating Ratio

Trends

Compared to industry (Communication Equipment)

1.3. Liquidity of Zebra Technologies Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Communication Equipment)

1.3.2. Quick Ratio

Trends

Compared to industry (Communication Equipment)

1.4. Solvency of Zebra Technologies Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Communication Equipment)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Communication Equipment)

2. Market Valuation of Zebra Technologies Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Communication Equipment)

Zebra Technologies Corporation
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