Annual Income Statement (values in 000's)Get Quarterly Data

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Total Revenue $21,025,200 $22,820,400 $24,621,900 $25,413,000

Cost of Revenue $10,239,200 $12,199,600 $14,417,200 $15,623,800

Gross Profit $10,786,000 $10,620,800 $10,204,700 $9,789,200

Operating Expenses

Research and Development $0 $0 $0 $0

Sales, General and Admin. $1,963,400 $1,068,100 $2,460,200 $2,643,700

Non-Recurring Items $0 $0 $0 $0

Other Operating Items $0 $0 $0 $0

Operating Income $8,822,600 $9,552,700 $7,744,500 $7,145,500

Add'l income/expense items ($25,300) ($57,900) $6,300 $48,500

Earnings Before Interest and Tax $7,816,100 $8,573,500 $6,866,000 $6,555,700

Interest Expense $0 $0 $0 $0

Earnings Before Tax $7,816,100 $8,573,500 $6,866,000 $6,555,700

Income Tax $1,891,800 $3,381,200 $2,179,500 $2,026,400

Minority Interest $0 $0 $0 $0

Equity Earnings/Loss Unconsolidated $0 $0 $0 $0

Subsidiary

Net Income-Cont. Operations $5,924,300 $5,192,300 $4,686,500 $4,529,300

Net Income $5,924,300 $5,192,300 $4,686,500 $4,529,300

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Net Income Applicable to Common $5,924,300 $5,192,300 $4,686,500 $4,529

Shareholders

Annual Income Statement (balance Sheet

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Current Assets

Cash and Cash $866,000 $2,463,800 $1,223,400 $7,685,500

Equivalents

Short-Term $0 $0 $0 $0
Investments

Net Receivables $2,441,500 $1,976,200 $1,474,100 $1,298,700

Inventory $51,100 $58,800 $58,900 $100,100

Other Current Assets $694,600 $828,400 $2,092,200 $558,700

Total Current Assets $4,053,200 $5,327,200 $4,848,600 $9,643,000

Long-Term Assets

Long-Term $1,202,800 $1,085,700 $725,900 $792,700

Investments

Fixed Assets $22,842,700 $22,448,300 $21,257,600 $23,117,600

Goodwill $2,331,500 $2,379,700 $2,336,500 $2,516,300

Intangible Assets $0 $0 $0 $0

Other Assets $2,381,000 $2,562,800 $1,855,300 $1,869,100

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Deferred Asset $0 $0 $0 $0
Charges

Total Assets $32,811,200 $33,803,700 $31,023,900 $37,938,700

Current Liabilities

Accounts Payable $2,973,500 $2,890,600 $2,696,300 $2,950,400

Short-Term Debt / $0 $0 $77,200 $0

Current Portion of
Long-Term Debt

Other Current $0 $0 $694,800 $0

Liabilities

Total Current $2,973,500 $2,890,600 $3,468,300 $2,950,400

Liabilities

Long-Term Debt $31,075,300 $29,536,400 $25,878,500 $24,122,100

Other Liabilities $3,177,500 $3,525,300 $2,064,300 $2,074,000

Deferred Liability $1,843,300 $1,119,400 $1,817,100 $1,704,300

Charges

Misc. Stocks $0 $0 $0 $0

Minority Interest $0 $0 $0 $0

Total Liabilities $39,069,600 $37,071,700 $33,228,200 $30,850,800

Stock Holders Equity

Common Stocks $16,600 $16,600 $16,600 $16,600

Capital Surplus $7,376,000 $7,072,400 $6,757,900 $6,533,400

Retained Earnings $50,487,000 $48,325,800 $46,222,700 $44,594,500

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Treasury Stock ($61,528,500) ($56,504,400) ($52,108,600) ($41,176,800)

Other Equity ($2,609,500) ($2,178,400) ($3,092,900) ($2,879,800)

Total Equity ($6,258,400) ($3,268,000) ($2,204,300) $7,087,900

Total Liabilities & $32,811,200 $33,803,700 $31,023,900 $37,938,700

Equity

Annual Income Statement (Cash flows

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Net Income $5,924,300 $5,192,300 $4,686,500 $4,529,300

Cash Flows-Operating Activities

Depreciation $1,482,000 $1,363,400 $1,516,500 $1,555,700

Net Income Adjustments $33,100 ($24,000) ($310,400) $286,200

Changes in Operating Activities

Accounts Receivable ($479,400) ($340,700) ($159,000) ($180,600)

Changes in Inventories ($1,900) ($37,300) $28,100 $44,900

Other Operating Activities $0 $0 $0 $0

Liabilities $8,600 ($602,500) $297,900 $303,600

Net Cash Flow-Operating $6,966,700 $5,551,200 $6,059,600 $6,539,100

Cash Flows-Investing Activities

Capital Expenditures ($2,741,700) ($1,853,700) ($1,821,100) ($1,813,900)

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Investments $0 $0 $0 $0

Other Investing Activities $286,600 $2,415,700 $839,500 $393,900

Net Cash Flows-Investing ($2,455,100) $562,000 ($981,600) ($1,420,000)

Cash Flows-Financing Activities

Sale and Purchase of Stock ($4,804,500) ($4,228,900) ($10,871,600) ($5,782,000)

Net Borrowings $2,130,800 $2,027,800 $2,670,400 $9,755,200

Other Financing Activities ($20,000) ($20,500) ($3,000) ($58,700)

Net Cash Flows-Financing ($5,949,600) ($5,310,800) ($11,262,400) $735,300

Effect of Exchange Rate ($159,800) $264,000 ($103,700) ($246,800)

Net Cash Flow ($1,597,800) $1,066,400 ($6,288,100) $5,607,600

Annual Income Statement (Financial ratios

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Liquidity Ratios

Current Ratio 136% 184% 140% 327%

Quick Ratio 135% 182% 138% 323%

Cash Ratio 29% 85% 35% 260%

Profitability Ratios

Gross Margin 51% 47% 41% 39%

Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015

Operating Margin 42% 42% 31% 28%

Pre-Tax Margin 37% 38% 28% 26%

Profit Margin 28% 23% 19% 18%

Pre-Tax ROE 125% 262% 311% 92%

After Tax ROE 95% 159% 213% 64%

Revenue / EPS Summary *

2019 2018 2017

Fiscal Quarter (Fiscal Year) (Fiscal Year) (Fiscal Year)

March
Revenue $4,955(m) $5,138(m) $5,675(m)
EPS 1.72 (3/31/2019) 1.72 (3/31/2018) 1.47 (3/31/2017)
Dividends 1.16 1.01 0.94

June
Revenue $5,341(m) $5,353(m) $6,049(m)
EPS 1.97 (6/30/2019) 1.9 (6/30/2018) 1.7 (6/30/2017)
Dividends 1.16 1.01 0.94

September
Revenue $5,369(m) $5,754(m)
EPS 2.1 (9/30/2018) 2.31 (9/30/2017)
Dividends 1.01 0.94

December (FYE)
Revenue $5,163(m) $5,340(m)
EPS 1.82 (12/31/2018) 0.89 (12/31/2017)
Dividends 1.16 1.01

Totals
Revenue $10,296(m) $21,025(m) $22,820(m)
EPS 3.69 7.54 6.37
Dividends 2.32 4.19 3.83