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

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

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

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Quick analysis of AMC Networks Inc (30 sec.)

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

How much money do you get?

$0.62

When do you have the money?

1 year

How often do you get paid?

47.5%

What is your share worth?

Current worth

$28.65

Expected worth in 1 year

$31.74

How sure are you?

85.0%

+ What do you gain per year?

Total Gains per Share

$3.71

Return On Investment

34.0%

For what price can you sell your share?

Current Price per Share

$10.92

Expected price per share

$9.96 - $13.29

How sure are you?

50%

1. Valuation of AMC Networks Inc (5 min.)

Live pricePrice per Share (EOD)

$10.92

Book Value per Share

$28.65

Intrinsic Value Per Share

$-7.08 - $70.83

Total Value Per Share

$21.57 - $99.48

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.45) 3Y: ($0.78) TTM: ($0.96)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.03) 3Y: ($-0.05) TTM: ($-0.40)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.48	$5.98	$2.24 - $6.28
2	$4.02	$12.26	$1.36 - $6.78
3	$4.72	$18.82	$0.49 - $7.28
4	$4.68	$25.64	$-0.38 - $7.77
5	$3.98	$32.69	$-1.25 - $8.27
6	$2.69	$39.95	$-2.13 - $8.77
7	$0.87	$47.42	$-3.00 - $9.27
8	$-1.40	$55.07	$-3.87 - $9.77
9	$-4.07	$62.87	$-4.74 - $10.26
10	$-7.08	$70.83	$-5.62 - $10.76

2. Growth of AMC Networks Inc (5 min.)

Is AMC Networks Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.2b	$1.2b	$22.3m	1.8%

How much money is AMC Networks Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$53.8m	-$1.7m	$55.6m	103.3%
Net Profit Margin	7.9%	2.3%	-	-

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

Quarterly Yearly

3. Financial Health of AMC Networks Inc (5 min.)

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

Industry Rankings (Entertainment)

Richest
#25 / 230

Most Revenue
#34 / 230

Most Profit
#26 / 230

Most Efficient
#57 / 230

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

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

What can you expect buying and holding a share of AMC Networks Inc?

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

Speculation

The Price per Share of AMC Networks Inc is $10.92. 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 AMC Networks Inc.
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 AMC Networks Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $28.65. Based on the TTM, the Book Value Change Per Share is $0.77 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.39 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 $0.15 per quarter.

Based on historical numbers we can estimate the returns while holding a share of AMC Networks Inc.

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	-0.50	-4.5%	1.23	11.2%	0.03	0.3%	1.12	10.2%	1.23	11.3%
Usd Book Value Change Per Share	-1.04	-9.5%	0.77	7.1%	-0.39	-3.6%	0.88	8.0%	0.91	8.4%
Usd Dividend Per Share	0.00	0.0%	0.15	1.4%	0.20	1.8%	0.08	0.7%	0.06	0.5%
Usd Total Gains Per Share	-1.04	-9.5%	0.93	8.5%	-0.19	-1.7%	0.96	8.8%	0.97	8.9%
Usd Price Per Share	18.79	-	15.03	-	26.43	-	33.75	-	48.18	-
Price to Earnings Ratio	-9.47	-	-0.92	-	2.51	-	2.37	-	8.82	-
Price-to-Total Gains Ratio	-18.04	-	4.89	-	17.34	-	-18.44	-	45.47	-
Price to Book Ratio	0.66	-	0.52	-	0.92	-	1.61	-	6.47	-
Price-to-Total Gains Ratio	-18.04	-	4.89	-	17.34	-	-18.44	-	45.47	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	10.92
Number of shares	91

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.08
Usd Book Value Change Per Share	0.77	0.88
Usd Total Gains Per Share	0.93	0.96
Gains per Quarter (91 shares)	84.36	87.00
Gains per Year (91 shares)	337.43	348.00

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	56	281	327	29	319	338
2	112	562	664	58	638	686
3	169	844	1001	87	957	1034
4	225	1125	1338	116	1276	1382
5	281	1406	1675	145	1595	1730
6	337	1687	2012	174	1914	2078
7	393	1969	2349	203	2233	2426
8	449	2250	2686	232	2552	2774
9	506	2531	3023	261	2871	3122
10	562	2812	3360	290	3190	3470

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%	17.0	3.0	0.0	85.0%	37.0	3.0	0.0	92.5%	53.0	3.0	0.0	94.6%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	16.0	4.0	0.0	80.0%	34.0	6.0	0.0	85.0%	46.0	7.0	3.0	82.1%
Dividend per Share	2.0	0.0	2.0	50.0%	5.0	0.0	7.0	41.7%	7.0	0.0	13.0	35.0%	19.0	0.0	21.0	47.5%	21.0	0.0	35.0	37.5%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	16.0	4.0	0.0	80.0%	34.0	6.0	0.0	85.0%	46.0	7.0	3.0	82.1%

Fundamentals of AMC Networks Inc

About AMC Networks Inc

https://www.amcnetworks.com
Entertainment
1900
11 Penn Plaza, New York, NY, United States, 10001
Google Maps Bing Maps

AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments. The Domestic Operations segment operates various national programming networks, including the AMC, We tv, BBC AMERICA, IFC, and SundanceTV; provides subscription streaming services comprising Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as AMC+ and other streaming initiatives; and engages in film distribution business under the IFC Films, RLJ Entertainment Films, and Shudder name. This segment also produces and licenses original programming for various programming networks, as well as services the programming networks. The International and Other segment operates a portfolio of channels under the AMCNI name; and production and comedy venues activities under the Levity name. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

Fundamental data was last updated by Penke on 2024-04-11 00:25:04.

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 less efficient in making profit.

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of AMC Networks Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit AMC Networks Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
A Net Profit Margin of -3.2% means that $-0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of AMC Networks Inc:

The MRQ is -3.2%. The company is making a loss. -1
The TTM is 7.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	-3.2%	TTM	7.9%	-11.1%
TTM	7.9%	YOY	2.3%	+5.5%
TTM	7.9%	5Y	7.9%	0.0%
5Y	7.9%	10Y	10.7%	-2.8%

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	-3.2%	-0.2%	-3.0%
TTM	7.9%	-0.4%	+8.3%
YOY	2.3%	-1.2%	+3.5%
5Y	7.9%	-9.5%	+17.4%
10Y	10.7%	-6.6%	+17.3%

Measures how much net profit AMC Networks Inc earns for each $1 of revenue.

Revenue is the amount of profit AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc to the Entertainment industry mean.
Can be used to compare companies within the Entertainment industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of AMC Networks Inc. If profit margins remain low (compared to the Entertainment 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 AMC Networks Inc is -0.03. This means that AMC Networks Inc earned $-0.03 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Entertainment industry is -0.2%.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc with other companies in the same industry (Entertainment).
Net profit margin should rise over the years.
Can be influenced when AMC Networks Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of AMC Networks Inc 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 AMC Networks Inc

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 AMC Networks Inc = -21,809
Total revenue MRQ AMC Networks Inc = 678,848
$-21,809 / $678,848 = -0.03 or -3.2%

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 AMC Networks Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
-0.4% Return on Assets means that AMC Networks Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of AMC Networks Inc:

The MRQ is -0.4%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-0.4%	TTM	1.0%	-1.4%
TTM	1.0%	YOY	-0.1%	+1.0%
TTM	1.0%	5Y	1.0%	0.0%
5Y	1.0%	10Y	1.5%	-0.5%

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	-0.4%	-0.3%	-0.1%
TTM	1.0%	-0.3%	+1.3%
YOY	-0.1%	-0.2%	+0.1%
5Y	1.0%	-0.9%	+1.9%
10Y	1.5%	-0.5%	+2.0%

Shows how efficient AMC Networks Inc 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 AMC Networks Inc to the Entertainment 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 AMC Networks Inc is using its resources to generate profit. If the return on assets (-0.4%) from AMC Networks Inc are higher than the Entertainment mean (-0.3%) that means AMC Networks Inc 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 AMC Networks Inc is -0.4%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Entertainment industry is -0.3%.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from AMC Networks Inc = -21,809
Total assets MRQ (balance sheet) from AMC Networks Inc = 4,969,787
-21,809 / 4,969,787 = 0.00 or -0.4%

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

Above 15%-20% is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
-2.1% Return on Equity means AMC Networks Inc generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of AMC Networks Inc:

The MRQ is -2.1%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	-2.1%	TTM	5.5%	-7.6%
TTM	5.5%	YOY	-1.6%	+7.1%
TTM	5.5%	5Y	8.0%	-2.4%
5Y	8.0%	10Y	42.1%	-34.2%

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	-2.1%	0.7%	-2.8%
TTM	5.5%	0.7%	+4.8%
YOY	-1.6%	-0.2%	-1.4%
5Y	8.0%	-1.4%	+9.4%
10Y	42.1%	-1.2%	+43.3%

Shows how efficient AMC Networks Inc 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 AMC Networks Inc to the Entertainment 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 Entertainment 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 AMC Networks Inc is -2.1%. This means AMC Networks Inc generated $-0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Entertainment industry is 0.7%.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc up to 10 years back (depending if AMC Networks Inc 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 AMC Networks Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) AMC Networks Inc = -21,809
Shareholders equity (balance sheet) MRQ AMC Networks Inc = 1,048,051
-21,809 / 1,048,051 = -0.02 or -2.1%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of AMC Networks Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient AMC Networks Inc is operating .

Measures how much profit AMC Networks Inc 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 AMC Networks Inc to the Entertainment industry mean.
An Operating Margin of 11.9% means the company generated $0.12 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of AMC Networks Inc:

The MRQ is 11.9%. The company is operating less efficient.
The TTM is 20.4%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	11.9%	TTM	20.4%	-8.5%
TTM	20.4%	YOY	19.5%	+0.9%
TTM	20.4%	5Y	22.7%	-2.2%
5Y	22.7%	10Y	24.9%	-2.3%

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	11.9%	4.0%	+7.9%
TTM	20.4%	3.1%	+17.3%
YOY	19.5%	2.1%	+17.4%
5Y	22.7%	-4.4%	+27.1%
10Y	24.9%	-1.2%	+26.1%

Measures how efficient AMC Networks Inc 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 AMC Networks Inc to the Entertainment 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 AMC Networks Inc 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 AMC Networks Inc is 11.9%. This means that AMC Networks Inc earned $0.12 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Entertainment industry is 4.0%.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ AMC Networks Inc = -11,443
Total revenue MRQ AMC Networks Inc = 678,848
$-11,443 / $678,848 = 0.12 or 11.9%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient AMC Networks Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Entertainment industry mean).
An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of AMC Networks Inc:

The MRQ is 0.911. The company is less efficient in keeping operating costs low.
The TTM is 0.811. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.911	TTM	0.811	+0.100
TTM	0.811	YOY	0.806	+0.005
TTM	0.811	5Y	0.786	+0.025
5Y	0.786	10Y	0.759	+0.027

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	0.911	1.296	-0.385
TTM	0.811	1.240	-0.429
YOY	0.806	1.278	-0.472
5Y	0.786	1.392	-0.606
10Y	0.759	1.251	-0.492

Measures how efficient AMC Networks Inc 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 AMC Networks Inc to the Entertainment 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 AMC Networks Inc is 91.1%. This means that AMC Networks Inc earned $0.91 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 Entertainment industry is 1.30.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

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
(393,910 +224,724) \ 678,848 = 0.91

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 AMC Networks Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if AMC Networks Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Entertainment industry mean).
A Current Ratio of 1.72 means the company has $1.72 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of AMC Networks Inc:

The MRQ is 1.721. The company is able to pay all its short-term debts. +1
The TTM is 1.565. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.721	TTM	1.565	+0.155
TTM	1.565	YOY	1.801	-0.236
TTM	1.565	5Y	2.117	-0.552
5Y	2.117	10Y	2.107	+0.011

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	1.721	1.103	+0.618
TTM	1.565	1.105	+0.460
YOY	1.801	1.184	+0.617
5Y	2.117	1.265	+0.852
10Y	2.107	1.328	+0.779

Measures if AMC Networks Inc 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 Entertainment 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 AMC Networks Inc 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 AMC Networks Inc is 1.72. This means AMC Networks Inc has $1.72 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Entertainment industry is 1.10.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,623,370 \ 943,423) = 1.72

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

Above 1 is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
A Quick Ratio of 1.31 means the company can pay off $1.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of AMC Networks Inc:

The MRQ is 1.309. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.294. The company is able to pay all its short-term debts with the most liquid assets. +1

Trends

Current period		Compared to		+/-
MRQ	1.309	TTM	1.294	+0.015
TTM	1.294	YOY	1.445	-0.151
TTM	1.294	5Y	1.734	-0.441
5Y	1.734	10Y	1.566	+0.168

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	1.309	0.552	+0.757
TTM	1.294	0.578	+0.716
YOY	1.445	0.716	+0.729
5Y	1.734	0.742	+0.992
10Y	1.566	0.825	+0.741

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

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

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of AMC Networks Inc is 1.31. This means that AMC Networks Inc can pay off $1.31 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Entertainment industry is 0.55.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example AMC Networks Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio AMC Networks Inc: (570,576 + 0 +664,396) / 943,423 = 1.31

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

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

1.4. Solvency of AMC Networks Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of AMC Networks Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare AMC Networks Inc to Entertainment industry mean.
A Debt to Asset Ratio of 0.75 means that AMC Networks Inc assets are financed with 74.7% credit (debt) and the remaining percentage (100% - 74.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of AMC Networks Inc:

The MRQ is 0.747. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.762. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.747	TTM	0.762	-0.015
TTM	0.762	YOY	0.784	-0.022
TTM	0.762	5Y	0.799	-0.037
5Y	0.799	10Y	0.884	-0.085

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	0.747	0.570	+0.177
TTM	0.762	0.567	+0.195
YOY	0.784	0.561	+0.223
5Y	0.799	0.560	+0.239
10Y	0.884	0.527	+0.357

Measures how much % of AMC Networks Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare AMC Networks Inc to Entertainment 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 AMC Networks Inc is 0.75. This means means that AMC Networks Inc is financed with 74.7% 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 Entertainment industry is 110.3%.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example AMC Networks Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
3,710,544 \ 4,969,787 = 74.7% or 0.75.

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 AMC Networks Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare AMC Networks Inc to the Entertainment industry mean.
A Debt to Equity ratio of 354.0% means that company has $3.54 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of AMC Networks Inc:

The MRQ is 3.540. The company is unable to pay all its debts with equity. -1
The TTM is 4.047. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.540	TTM	4.047	-0.507
TTM	4.047	YOY	4.903	-0.856
TTM	4.047	5Y	5.922	-1.875
5Y	5.922	10Y	18.321	-12.399

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
MRQ	3.540	1.228	+2.312
TTM	4.047	1.228	+2.819
YOY	4.903	1.135	+3.768
5Y	5.922	1.285	+4.637
10Y	18.321	1.252	+17.069

Measures if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc is 3.54. This means that AMC Networks Inc can pay off $3.54 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Entertainment industry is 1.23.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
3,710,544 \ 1,048,051 = 3.54 or 354.0%

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 AMC Networks Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare AMC Networks Inc to the Entertainment industry mean.
A PE ratio of -9.47 means the investor is paying $-9.47 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of AMC Networks Inc:

The EOD is -5.502. Based on the earnings, the company is expensive. -2
The MRQ is -9.467. Based on the earnings, the company is expensive. -2
The TTM is -0.924. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-5.502	MRQ	-9.467	+3.965
MRQ	-9.467	TTM	-0.924	-8.543
TTM	-0.924	YOY	2.513	-3.437
TTM	-0.924	5Y	2.374	-3.298
5Y	2.374	10Y	8.816	-6.442

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
EOD	-5.502	-0.063	-5.439
MRQ	-9.467	-0.158	-9.309
TTM	-0.924	-0.684	-0.240
YOY	2.513	2.835	-0.322
5Y	2.374	6.875	-4.501
10Y	8.816	12.663	-3.847

Measures how much money you pay for each share for every $1 in earnings AMC Networks Inc 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 AMC Networks Inc to the Entertainment 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 AMC Networks Inc is -9.47. This means the investor is paying $-9.47 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Entertainment industry is -0.16.
What is the trend?
The trend is important because it shows you how AMC Networks Inc is performing over time. The most recent quarter might be important if AMC Networks Inc 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 AMC Networks Inc 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 AMC Networks Inc

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 \ 43,951 = EPS
PE ratio MRQ = -9.47

* 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 AMC Networks Inc:

The EOD is 1.819. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 3.130. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 0.997. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.819	MRQ	3.130	-1.311
MRQ	3.130	TTM	0.997	+2.133
TTM	0.997	YOY	7.177	-6.180
TTM	0.997	5Y	6.605	-5.607
5Y	6.605	10Y	25.635	-19.030

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
EOD	1.819	1.721	+0.098
MRQ	3.130	1.695	+1.435
TTM	0.997	1.081	-0.084
YOY	7.177	1.221	+5.956
5Y	6.605	0.867	+5.738
10Y	25.635	-0.272	+25.907

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Entertainment industry mean).
A PB ratio of 0.66 means the investor is paying $0.66 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of AMC Networks Inc:

The EOD is 0.381. Based on the equity, the company is cheap. +2
The MRQ is 0.656. Based on the equity, the company is cheap. +2
The TTM is 0.524. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.381	MRQ	0.656	-0.275
MRQ	0.656	TTM	0.524	+0.132
TTM	0.524	YOY	0.920	-0.396
TTM	0.524	5Y	1.606	-1.083
5Y	1.606	10Y	6.469	-4.863

Compared to industry (Entertainment)

Period	Company	Industry (mean)	+/-
EOD	0.381	1.153	-0.772
MRQ	0.656	1.267	-0.611
TTM	0.524	1.316	-0.792
YOY	0.920	1.534	-0.614
5Y	1.606	1.695	-0.089
10Y	6.469	2.178	+4.291

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding AMC Networks Inc

Institutions are holding 90.014% of the shares of AMC Networks Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	11.6188	0.0024	5061310	266731	5.5632
2023-12-31	Vanguard Group Inc	8.1301	0.0015	3541600	48786	1.3968
2023-12-31	Pacer Advisors, INC.	6.761	0.1566	2945188	2945188	0
2023-12-31	Charles Schwab Investment Management Inc	3.5113	0.0073	1529595	155346	11.3041
2023-12-31	LSV Asset Management	2.8939	0.0517	1260612	-53493	-4.0707
2023-12-31	State Street Corporation	2.7455	0.0011	1195991	66347	5.8733
2023-09-30	D. E. Shaw & Co LP	2.6399	0.0141	1149981	187417	19.4706
2023-12-31	Schroder Investment Management Group	2.3202	0.0246	1010729	19794	1.9975
2023-12-31	Dimensional Fund Advisors, Inc.	2.3156	0.0055	1008700	44039	4.5652
2023-12-31	Geode Capital Management, LLC	1.5454	0.0013	673207	47989	7.6756
2023-12-31	Morgan Stanley - Brokerage Accounts	1.216	0.0009	529700	-90724	-14.6229
2023-12-31	RWWM Inc	1.1832	1.1231	515432	339912	193.66
2023-12-31	American Century Companies Inc	1.1218	0.0063	488675	196873	67.468
2023-12-31	Gamco Investors, Inc. Et Al	1.0512	0.0918	457924	-23190	-4.8201
2023-12-31	Amvescap Plc.	1.0491	0.002	457002	-71952	-13.6027
2023-12-31	Smith Graham & Co Inv Adv, L.P.**	0.8801	0.8299	383384	47466	14.1302
2023-12-31	Goldman Sachs Group Inc	0.8072	0.0006	351620	165083	88.4988
2023-12-31	Bank of New York Mellon Corp	0.7762	0.0013	338136	-21856	-6.0712
2023-12-31	Northern Trust Corp	0.741	0.0011	322783	3215	1.006
2023-12-31	Ameriprise Financial Inc	0.632	0.0015	275316	165042	149.6654
Total		53.9395	2.3246	23496885	+4438013	+18.9%

3.2. Funds holding AMC Networks Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	4.7253	0.0311	2058397	-27480	-1.3174
2024-03-29	Schwab Fundamental US Small Company ETF	2.3378	0.1482	1018401	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.1091	0.0008	918757	0	0
2024-02-29	Vanguard Small Cap Index	1.803	0.0072	785395	7265	0.9336
2024-03-28	iShares Russell 2000 ETF	1.7719	0.0143	771862	372	0.0482
2024-03-29	Avantis US Small Cap Value ETF	1.2869	0.0627	560596	0	0
2024-02-29	Vanguard Small Cap Value Index Inv	1.232	0.0131	536680	2208	0.4131
2023-12-31	Schroder Global Recovery L Acc GBP	1.2089	1.2416	526607	8642	1.6685
2023-12-31	Schroder ISF Glbl Rcvy E Acc USD	1.0786	1.2459	469837	-8369	-1.7501
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.012	0.0056	440840	429	0.0974
2024-03-28	iShares S&P Small-Cap 600 Value ETF	0.8668	0.0634	377607	-349	-0.0923
2024-01-31	Fidelity Small Cap Index	0.7162	0.0228	311972	4604	1.4979
2024-03-28	iShares Russell 2000 Value ETF	0.6741	0.0284	293660	-186	-0.0633
2024-03-28	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.6501	0.1443	283214	0	0
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.6253	0.0314	272392	275	0.1011
2024-03-28	Invesco S&P SmallCap 600 Revenue ETF	0.6048	0.2069	263444	0	0
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.5465	0.0347	238049	0	0
2024-02-29	Schwab Fundamental US Small Company Idx	0.5067	0.1505	220731	-3665	-1.6333
2023-12-31	Federated Hermes MDT Small Cap Core IS	0.4923	0.3415	214468	3409	1.6152
2023-12-31	Federated Hermes MDT SCC Institutional	0.4923	0.3406	214468	3409	1.6152
Total		24.7406	4.135	10777377	-9436	-0.1%

3.3. Insider Transactions

Insiders are holding 8.689% of the shares of AMC Networks Inc.

Date	Owner	Type	Amount	Price
2023-12-22	Matthew Blank	SELL	50000	19.09
2023-12-19	James Gallagher	SELL	22000	20.4
2023-11-22	Kimberly Kelleher	SELL	13192	15.28

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-1.041	0.773	-235%	-0.389	-63%	0.876	-219%	0.913	-214%
Book Value Per Share	-	-	28.651	28.837	-1%	28.530	+0%	23.687	+21%	13.246	+116%
Current Ratio	-	-	1.721	1.565	+10%	1.801	-4%	2.117	-19%	2.107	-18%
Debt To Asset Ratio	-	-	0.747	0.762	-2%	0.784	-5%	0.799	-7%	0.884	-16%
Debt To Equity Ratio	-	-	3.540	4.047	-13%	4.903	-28%	5.922	-40%	18.321	-81%
Dividend Per Share	-	-	-	0.154	-100%	0.200	-100%	0.080	-100%	0.057	-100%
Eps	-	-	-0.496	1.227	-140%	0.030	-1748%	1.116	-144%	1.234	-140%
Free Cash Flow Per Share	-	-	1.501	0.957	+57%	0.794	+89%	1.483	+1%	1.446	+4%
Free Cash Flow To Equity Per Share	-	-	-8.955	-2.140	-76%	0.237	-3873%	-0.116	-99%	0.539	-1761%
Gross Profit Margin	-	-	1.000	1.000	0%	1.780	-44%	1.156	-13%	1.078	-7%
Intrinsic Value_10Y_max	-	-	70.829	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-7.083	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	5.981	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.476	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	18.821	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	4.725	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	32.687	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	3.980	-	-	-	-	-	-	-	-
Market Cap	350281932.000	-136%	825839290.000	659975432.500	+25%	1153695572.500	-28%	1642137974.000	-50%	2979994411.000	-72%
Net Profit Margin	-	-	-0.032	0.079	-141%	0.023	-237%	0.079	-141%	0.107	-130%
Operating Margin	-	-	0.119	0.204	-42%	0.195	-39%	0.227	-47%	0.249	-52%
Operating Ratio	-	-	0.911	0.811	+12%	0.806	+13%	0.786	+16%	0.759	+20%
Pb Ratio	0.381	-72%	0.656	0.524	+25%	0.920	-29%	1.606	-59%	6.469	-90%
Pe Ratio	-5.502	+42%	-9.467	-0.924	-90%	2.513	-477%	2.374	-499%	8.816	-207%
Price Per Share	10.920	-72%	18.790	15.025	+25%	26.430	-29%	33.745	-44%	48.183	-61%
Price To Free Cash Flow Ratio	1.819	-72%	3.130	0.997	+214%	7.177	-56%	6.605	-53%	25.635	-88%
Price To Total Gains Ratio	-10.486	+42%	-18.043	4.894	-469%	17.344	-204%	-18.437	+2%	45.474	-140%
Quick Ratio	-	-	1.309	1.294	+1%	1.445	-9%	1.734	-25%	1.566	-16%
Return On Assets	-	-	-0.004	0.010	-145%	-0.001	-86%	0.010	-144%	0.015	-129%
Return On Equity	-	-	-0.021	0.055	-138%	-0.016	-25%	0.080	-126%	0.421	-105%
Total Gains Per Share	-	-	-1.041	0.927	-212%	-0.189	-82%	0.956	-209%	0.970	-207%
Usd Book Value	-	-	1259243000.000	1266907000.000	-1%	1244591250.000	+1%	1104684750.000	+14%	638287450.000	+97%
Usd Book Value Change Per Share	-	-	-1.041	0.773	-235%	-0.389	-63%	0.876	-219%	0.913	-214%
Usd Book Value Per Share	-	-	28.651	28.837	-1%	28.530	+0%	23.687	+21%	13.246	+116%
Usd Dividend Per Share	-	-	-	0.154	-100%	0.200	-100%	0.080	-100%	0.057	-100%
Usd Eps	-	-	-0.496	1.227	-140%	0.030	-1748%	1.116	-144%	1.234	-140%
Usd Free Cash Flow	-	-	65965000.000	42178000.000	+56%	34390500.000	+92%	75073050.000	-12%	84844425.000	-22%
Usd Free Cash Flow Per Share	-	-	1.501	0.957	+57%	0.794	+89%	1.483	+1%	1.446	+4%
Usd Free Cash Flow To Equity Per Share	-	-	-8.955	-2.140	-76%	0.237	-3873%	-0.116	-99%	0.539	-1761%
Usd Market Cap	350281932.000	-136%	825839290.000	659975432.500	+25%	1153695572.500	-28%	1642137974.000	-50%	2979994411.000	-72%
Usd Price Per Share	10.920	-72%	18.790	15.025	+25%	26.430	-29%	33.745	-44%	48.183	-61%
Usd Profit	-	-	-21809000.000	53866000.000	-140%	-1783750.000	-92%	54319000.000	-140%	72549450.000	-130%
Usd Revenue	-	-	678848000.000	677969250.000	+0%	774136250.000	-12%	738065350.000	-8%	701278925.000	-3%
Usd Total Gains Per Share	-	-	-1.041	0.927	-212%	-0.189	-82%	0.956	-209%	0.970	-207%
	EOD	+4 -4	MRQ	TTM	+12 -23	YOY	+12 -24	5Y	+12 -24	10Y	+11 -25

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-5.502
Price to Book Ratio (EOD)	Between	0-1	0.381
Net Profit Margin (MRQ)	Greater than	0	-0.032
Operating Margin (MRQ)	Greater than	0	0.119
Quick Ratio (MRQ)	Greater than	1	1.309
Current Ratio (MRQ)	Greater than	1	1.721
Debt to Asset Ratio (MRQ)	Less than	1	0.747
Debt to Equity Ratio (MRQ)	Less than	1	3.540
Return on Equity (MRQ)	Greater than	0.15	-0.021
Return on Assets (MRQ)	Greater than	0.05	-0.004
Total			5/10 (50.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	10.540
Total			0/1 (0.0%)

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Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Operating Income		102,844	70,460	173,304	-67,603	105,701	15,149	120,850	-132,293	-11,443

Latest Balance Sheet

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

Summary

Total Assets	4,969,787
Total Liabilities	3,710,544
Total Stockholder Equity	1,048,051

	As reported
Total Liabilities	3,710,544
Total Stockholder Equity	+ 1,048,051
Total Assets	= 4,969,787

Assets

Total Assets	4,969,787
Total Current Assets	1,623,370
Long-term Assets	3,346,417

Total Current Assets

Total Current Assets (as reported)	1,623,370
Cash And Cash Equivalents	570,576
Net Receivables	664,396
Other Current Assets	388,398
Total Current Assets (calculated)	1,623,370
+/-	0

Long-term Assets

Long-term Assets (as reported)	3,346,417
Property Plant Equipment	230,400
Goodwill	626,496
Intangible Assets	2,071,211
Long-term Assets Other	224,355
Long-term Assets (calculated)	3,152,462
+/-	193,955

Liabilities & Shareholders' Equity

Total Current Liabilities	943,423
Long-term Liabilities	2,767,121
Total Stockholder Equity	1,048,051

Total Current Liabilities

Total Current Liabilities (as reported)	943,423
Short-term Debt	101,159
Short Long Term Debt	67,500
Accounts payable	89,469
Other Current Liabilities	687,059
Total Current Liabilities (calculated)	945,187
+/-	1,764

Long-term Liabilities

Long-term Liabilities (as reported)	2,767,121
Long term Debt	2,294,249
Capital Lease Obligations	120,899
Long-term Liabilities Other	225,249
Long-term Liabilities (calculated)	2,640,397
+/-	126,724

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,048,051
Common Stock	782
Retained Earnings	2,321,105
Accumulated Other Comprehensive Income	-232,831
Other Stockholders Equity	-1,041,005
Total Stockholder Equity (calculated)	1,048,051
+/-	0

Other

Capital Stock	782
Cash and Short Term Investments	570,576
Common Stock Shares Outstanding	43,951
Current Deferred Revenue	65,736
Liabilities and Stockholders Equity	4,969,787
Net Debt	1,912,072
Net Invested Capital	3,409,800
Net Working Capital	679,947
Property Plant and Equipment Gross	634,108
Short Long Term Debt Total	2,482,648

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

> Total Assets

0
0
0
1,853,896
1,924,312
2,110,466
2,121,457
2,183,934
2,125,809
2,173,439
2,152,876
2,618,855
2,568,323
2,460,339
2,524,787
2,636,689
3,484,705
3,685,850
3,663,255
3,976,587
4,049,424
4,109,610
4,169,811
4,264,915
4,678,229
4,665,403
4,622,065
4,480,595
4,470,054
4,478,168
4,890,764
5,032,985
5,113,367
5,073,367
5,161,957
5,278,563
5,521,914
5,561,734
5,618,209
5,596,686
5,316,422
5,305,956
5,386,427
5,246,338
5,245,682
5,479,509
5,495,465
5,748,946
5,749,734
5,793,639
5,813,498
5,633,836
5,463,238
5,470,481
5,390,785
4,969,787

4,969,787

5,390,785

5,470,481

5,463,238

5,633,836

5,813,498

5,793,639

5,749,734

5,748,946

5,495,465

5,479,509

5,245,682

5,246,338

5,386,427

5,305,956

5,316,422

5,596,686

5,618,209

5,561,734

5,521,914

5,278,563

5,161,957

5,073,367

5,113,367

5,032,985

4,890,764

4,478,168

4,470,054

4,480,595

4,622,065

4,665,403

4,678,229

4,264,915

4,169,811

4,109,610

4,049,424

3,976,587

3,663,255

3,685,850

3,484,705

2,636,689

2,524,787

2,460,339

2,568,323

2,618,855

2,152,876

2,173,439

2,125,809

2,183,934

2,121,457

2,110,466

1,924,312

1,853,896

> Total Current Assets

0
0
0
566,440
582,399
801,144
815,403
869,999
835,895
905,654
875,378
1,346,527
1,357,077
1,145,947
1,204,620
1,304,658
1,176,742
1,310,610
1,293,922
1,329,080
1,382,221
1,386,491
1,481,334
1,537,338
1,925,962
1,878,055
1,849,338
1,696,343
1,653,987
1,478,749
1,817,104
1,879,850
1,889,454
1,808,157
1,931,490
1,963,411
2,105,220
2,144,579
2,224,910
2,330,297
1,742,401
1,893,758
2,032,981
1,938,766
1,956,218
2,028,162
1,868,699
2,000,186
1,967,402
2,005,469
1,915,038
1,949,869
1,706,735
1,840,496
1,901,105
1,623,370

1,623,370

1,901,105

1,840,496

1,706,735

1,949,869

1,915,038

2,005,469

1,967,402

2,000,186

1,868,699

2,028,162

1,956,218

1,938,766

2,032,981

1,893,758

1,742,401

2,330,297

2,224,910

2,144,579

2,105,220

1,963,411

1,931,490

1,808,157

1,889,454

1,879,850

1,817,104

1,478,749

1,653,987

1,696,343

1,849,338

1,878,055

1,925,962

1,537,338

1,481,334

1,386,491

1,382,221

1,329,080

1,293,922

1,310,610

1,176,742

1,304,658

1,204,620

1,145,947

1,357,077

1,346,527

875,378

905,654

835,895

869,999

815,403

801,144

582,399

566,440

Cash And Cash Equivalents

0
0
0
79,960
84,073
197,837
224,959
215,836
224,182
307,803
313,252
610,970
554,948
448,637
509,676
521,951
159,454
283,992
296,622
201,367
194,307
241,060
307,555
316,321
702,800
643,470
682,764
481,389
403,648
189,479
552,289
558,783
529,200
416,124
564,717
554,886
683,682
706,342
773,386
816,170
704,129
889,887
1,071,860
888,526
993,123
980,726
870,967
892,221
821,626
817,344
790,930
930,002
763,932
893,370
955,187
570,576

570,576

955,187

893,370

763,932

930,002

790,930

817,344

821,626

892,221

870,967

980,726

993,123

888,526

1,071,860

889,887

704,129

816,170

773,386

706,342

683,682

554,886

564,717

416,124

529,200

558,783

552,289

189,479

403,648

481,389

682,764

643,470

702,800

316,321

307,555

241,060

194,307

201,367

296,622

283,992

159,454

521,951

509,676

448,637

554,948

610,970

313,252

307,803

224,182

215,836

224,959

197,837

84,073

79,960

Net Receivables

0
0
0
249,539
247,663
247,959
242,118
292,350
290,445
298,725
262,648
307,478
322,650
319,237
321,052
383,605
534,570
522,156
487,169
591,295
671,462
611,001
575,493
678,673
688,125
726,949
647,617
701,163
717,440
745,135
712,654
775,891
793,275
818,730
777,950
835,977
829,704
838,287
807,481
857,143
826,022
796,834
768,506
813,587
777,063
807,499
771,546
815,444
773,273
744,432
696,143
722,185
702,681
660,474
657,656
664,396

664,396

657,656

660,474

702,681

722,185

696,143

744,432

773,273

815,444

771,546

807,499

777,063

813,587

768,506

796,834

826,022

857,143

807,481

838,287

829,704

835,977

777,950

818,730

793,275

775,891

712,654

745,135

717,440

701,163

647,617

726,949

688,125

678,673

575,493

611,001

671,462

591,295

487,169

522,156

534,570

383,605

321,052

319,237

322,650

307,478

262,648

298,725

290,445

292,350

242,118

247,959

247,663

249,539

Other Current Assets

0
0
0
186,475
199,660
206,866
217,024
235,171
240,545
236,986
242,402
289,644
328,451
320,634
315,219
317,922
375,324
398,563
406,511
437,302
428,529
440,483
477,218
453,157
448,535
390,162
380,439
441,130
461,005
450,090
452,709
453,450
464,921
462,866
470,254
440,739
433,862
433,769
456,288
426,624
17,059
17,354
17,933
13,480
15,833
18,091
18,005
10,068
15,104
13,794
13,325
297,682
240,122
286,652
288,262
388,398

388,398

288,262

286,652

240,122

297,682

13,325

13,794

15,104

10,068

18,005

18,091

15,833

13,480

17,933

17,354

17,059

426,624

456,288

433,769

433,862

440,739

470,254

462,866

464,921

453,450

452,709

450,090

461,005

441,130

380,439

390,162

448,535

453,157

477,218

440,483

428,529

437,302

406,511

398,563

375,324

317,922

315,219

320,634

328,451

289,644

242,402

236,986

240,545

235,171

217,024

206,866

199,660

186,475

> Long-term Assets

0
0
0
1,287,456
1,341,913
1,309,322
1,306,054
1,313,935
1,289,914
1,267,785
1,277,498
1,272,328
1,211,246
1,314,392
1,320,167
1,332,031
2,307,963
2,375,240
2,369,333
2,647,507
2,667,203
2,723,119
2,688,477
2,727,577
2,752,267
2,787,348
2,772,727
2,784,252
2,816,067
2,999,419
3,073,660
3,153,135
3,223,913
3,265,210
3,230,467
3,315,152
3,416,694
3,417,155
3,393,299
3,266,389
3,574,021
3,412,198
3,353,446
3,307,572
3,289,464
3,451,347
3,626,766
3,748,760
3,782,332
3,788,170
3,898,460
3,683,967
3,756,503
3,629,985
3,489,680
3,346,417

3,346,417

3,489,680

3,629,985

3,756,503

3,683,967

3,898,460

3,788,170

3,782,332

3,748,760

3,626,766

3,451,347

3,289,464

3,307,572

3,353,446

3,412,198

3,574,021

3,266,389

3,393,299

3,417,155

3,416,694

3,315,152

3,230,467

3,265,210

3,223,913

3,153,135

3,073,660

2,999,419

2,816,067

2,784,252

2,772,727

2,787,348

2,752,267

2,727,577

2,688,477

2,723,119

2,667,203

2,647,507

2,369,333

2,375,240

2,307,963

1,332,031

1,320,167

1,314,392

1,211,246

1,272,328

1,277,498

1,267,785

1,289,914

1,313,935

1,306,054

1,309,322

1,341,913

1,287,456

Property Plant Equipment

0
0
0
68,977
65,453
62,864
60,565
63,814
62,429
63,300
65,105
70,890
69,358
69,487
68,371
71,068
106,393
130,040
123,763
133,844
134,852
140,323
145,217
163,860
173,969
171,092
177,694
166,636
169,223
159,153
172,621
183,514
185,440
214,054
225,468
246,262
426,404
440,293
441,862
453,808
458,022
414,459
407,530
402,567
345,018
343,877
351,743
351,657
341,068
325,613
313,990
310,263
297,628
284,049
254,680
230,400

230,400

254,680

284,049

297,628

310,263

313,990

325,613

341,068

351,657

351,743

343,877

345,018

402,567

407,530

414,459

458,022

453,808

441,862

440,293

426,404

246,262

225,468

214,054

185,440

183,514

172,621

159,153

169,223

166,636

177,694

171,092

173,969

163,860

145,217

140,323

134,852

133,844

123,763

130,040

106,393

71,068

68,371

69,487

69,358

70,890

65,105

63,300

62,429

63,814

60,565

62,864

65,453

68,977

Goodwill

0
0
0
83,173
83,173
83,173
83,173
83,173
83,173
83,173
79,963
79,305
78,660
78,016
77,387
76,748
586,533
601,921
592,880
734,356
704,955
727,206
717,057
736,275
731,993
708,071
706,163
657,708
662,076
680,234
690,854
695,158
707,654
710,047
705,382
798,037
797,793
792,083
782,234
701,980
686,835
665,890
673,810
686,407
682,632
702,451
689,639
709,344
701,239
684,236
666,619
643,419
647,293
648,202
640,143
626,496

626,496

640,143

648,202

647,293

643,419

666,619

684,236

701,239

709,344

689,639

702,451

682,632

686,407

673,810

665,890

686,835

701,980

782,234

792,083

797,793

798,037

705,382

710,047

707,654

695,158

690,854

680,234

662,076

657,708

706,163

708,071

731,993

736,275

717,057

727,206

704,955

734,356

592,880

601,921

586,533

76,748

77,387

78,016

78,660

79,305

79,963

83,173

Long Term Investments

0
0
0
0
0
3,362
3,289
3,214
3,454
3,369
3,282
3,193
2,324
2,250
2,174
2,096
2,016
1,935
0
0
0
0
0
1,449
0
0
0
62,471
0
0
0
109,544
153,200
80,000
77,100
163,900
149,000
151,800
149,400
135,300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

135,300

149,400

151,800

149,000

163,900

77,100

80,000

153,200

109,544

62,471

1,449

1,935

2,016

2,096

2,174

2,250

2,324

3,193

3,282

3,369

3,454

3,214

3,289

3,362

Intangible Assets

0
0
0
982,137
1,061,034
1,059,897
1,064,109
1,071,282
285,894
1,035,277
1,026,807
992,302
937,795
1,071,006
1,055,210
1,063,068
1,432,631
1,469,817
1,461,755
1,550,765
1,563,336
1,591,392
1,545,805
1,576,574
1,597,223
1,656,137
1,621,282
1,594,395
1,556,118
1,701,095
1,713,205
1,776,521
1,731,984
1,697,845
1,622,208
1,792,958
1,723,792
1,671,409
1,591,433
1,562,591
1,889,086
1,795,733
1,754,390
1,679,803
1,771,803
1,947,715
2,091,953
2,131,272
2,243,731
2,316,247
2,469,726
2,117,615
2,214,468
2,196,672
2,108,312
2,071,211

2,071,211

2,108,312

2,196,672

2,214,468

2,117,615

2,469,726

2,316,247

2,243,731

2,131,272

2,091,953

1,947,715

1,771,803

1,679,803

1,754,390

1,795,733

1,889,086

1,562,591

1,591,433

1,671,409

1,723,792

1,792,958

1,622,208

1,697,845

1,731,984

1,776,521

1,713,205

1,701,095

1,556,118

1,594,395

1,621,282

1,656,137

1,597,223

1,576,574

1,545,805

1,591,392

1,563,336

1,550,765

1,461,755

1,469,817

1,432,631

1,063,068

1,055,210

1,071,006

937,795

992,302

1,026,807

1,035,277

285,894

1,071,282

1,064,109

1,059,897

1,061,034

982,137

Other Assets

0
0
0
1,218,479
1,276,460
1,246,458
1,245,489
1,250,121
1,227,485
1,204,485
1,212,393
1,201,438
1,141,888
1,244,905
1,251,796
1,260,963
2,201,570
2,245,200
2,245,570
2,513,663
2,532,351
2,582,796
2,543,260
2,563,717
2,578,298
2,616,256
2,595,033
2,617,616
2,646,844
2,840,266
2,901,039
2,969,621
445,635
563,264
600,309
313,995
374,209
361,570
428,370
412,710
428,278
407,816
373,916
1,954,448
347,511
320,704
357,531
6,405,271
361,394
341,374
326,425
490,370
0
376,462
0
0

376,462

490,370

326,425

341,374

361,394

6,405,271

357,531

320,704

347,511

1,954,448

373,916

407,816

428,278

412,710

428,370

361,570

374,209

313,995

600,309

563,264

445,635

2,969,621

2,901,039

2,840,266

2,646,844

2,617,616

2,595,033

2,616,256

2,578,298

2,563,717

2,543,260

2,582,796

2,532,351

2,513,663

2,245,570

2,245,200

2,201,570

1,260,963

1,251,796

1,244,905

1,141,888

1,201,438

1,212,393

1,204,485

1,227,485

1,250,121

1,245,489

1,246,458

1,276,460

1,218,479

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-143,238
-124,280
-109,290
0
0
0
0
0
0
0
0
8,598
8,906
9,079
20,405
20,081
21,731
27,547
21,677
19,272
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

19,272

21,677

27,547

21,731

20,081

20,405

9,079

8,906

8,598

-109,290

-124,280

-143,238

> Total Liabilities

0
0
0
1,829,065
1,842,938
3,209,901
3,186,954
3,220,929
3,130,666
3,132,560
3,068,300
3,501,207
3,393,598
3,140,421
3,136,717
3,207,940
3,963,011
4,081,939
4,051,278
4,123,885
4,138,783
4,069,693
4,052,840
4,061,862
4,351,950
4,335,485
4,267,221
4,262,908
4,195,740
4,203,358
4,589,805
4,650,436
4,631,890
4,628,208
4,617,782
4,633,797
4,737,575
4,690,433
4,658,804
4,595,730
4,367,059
4,323,279
4,299,684
4,287,588
4,230,653
4,406,937
4,315,419
4,562,425
4,485,000
4,509,467
4,491,521
4,526,354
4,244,277
4,188,744
4,083,098
3,710,544

3,710,544

4,083,098

4,188,744

4,244,277

4,526,354

4,491,521

4,509,467

4,485,000

4,562,425

4,315,419

4,406,937

4,230,653

4,287,588

4,299,684

4,323,279

4,367,059

4,595,730

4,658,804

4,690,433

4,737,575

4,633,797

4,617,782

4,628,208

4,631,890

4,650,436

4,589,805

4,203,358

4,195,740

4,262,908

4,267,221

4,335,485

4,351,950

4,061,862

4,052,840

4,069,693

4,138,783

4,123,885

4,051,278

4,081,939

3,963,011

3,207,940

3,136,717

3,140,421

3,393,598

3,501,207

3,068,300

3,132,560

3,130,666

3,220,929

3,186,954

3,209,901

1,842,938

1,829,065

> Total Current Liabilities

0
0
0
336,491
322,085
286,461
295,884
344,196
329,502
363,150
369,519
822,487
736,652
410,934
414,357
414,753
534,427
621,280
634,505
731,692
784,685
765,687
807,175
830,921
833,684
943,951
927,859
954,178
965,611
954,434
706,168
744,102
715,666
735,393
769,870
797,421
791,983
808,533
820,412
804,342
804,765
794,445
835,127
878,467
761,821
975,366
835,797
1,058,085
1,041,740
1,066,375
1,083,142
1,170,233
981,677
1,374,034
1,300,167
943,423

943,423

1,300,167

1,374,034

981,677

1,170,233

1,083,142

1,066,375

1,041,740

1,058,085

835,797

975,366

761,821

878,467

835,127

794,445

804,765

804,342

820,412

808,533

791,983

797,421

769,870

735,393

715,666

744,102

706,168

954,434

965,611

954,178

927,859

943,951

833,684

830,921

807,175

765,687

784,685

731,692

634,505

621,280

534,427

414,753

414,357

410,934

736,652

822,487

369,519

363,150

329,502

344,196

295,884

286,461

322,085

336,491

Short-term Debt

0
0
0
54,575
53,838
8,963
8,121
7,264
7,523
7,434
7,470
1,558
1,596
1,636
1,676
1,718
20,260
39,834
58,390
76,953
95,281
114,083
132,421
151,561
170,720
234,956
208,079
226,584
244,949
263,253
4,717
4,847
4,771
4,630
14,024
26,424
61,466
68,945
81,224
90,209
104,482
114,179
109,519
107,435
36,174
50,078
64,196
70,346
72,126
70,826
69,476
70,161
77,855
487,453
495,885
101,159

101,159

495,885

487,453

77,855

70,161

69,476

70,826

72,126

70,346

64,196

50,078

36,174

107,435

109,519

114,179

104,482

90,209

81,224

68,945

61,466

26,424

14,024

4,630

4,771

4,847

4,717

263,253

244,949

226,584

208,079

234,956

170,720

151,561

132,421

114,083

95,281

76,953

58,390

39,834

20,260

1,718

1,676

1,636

1,596

1,558

7,470

7,434

7,523

7,264

8,121

8,963

53,838

54,575

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
74,000
0
0
0
148,660
465,807
526,199
496,102
222,000
521,032
2,745,408
3,129,445
3,130,381
3,131,142
3,131,425
9,375
21,334
30,125
37,500
47,875
56,250
70,625
81,000
76,000
75,000
8,438
16,875
26,813
33,750
33,750
33,750
33,750
33,750
42,188
450,625
459,063
67,500

67,500

459,063

450,625

42,188

33,750

26,813

16,875

8,438

75,000

76,000

81,000

70,625

56,250

47,875

37,500

30,125

21,334

9,375

3,131,425

3,131,142

3,130,381

3,129,445

2,745,408

521,032

222,000

496,102

526,199

465,807

148,660

74,000

Accounts payable

0
0
0
46,459
54,009
55,341
41,583
61,605
61,866
69,148
62,604
59,077
55,871
63,726
61,327
48,126
123,253
131,932
92,183
101,866
129,066
146,260
135,788
124,441
131,408
89,055
83,432
88,677
97,477
90,893
78,904
102,197
96,816
105,015
97,508
107,066
107,392
105,353
123,838
94,306
104,126
89,971
80,967
120,530
116,668
100,758
123,556
173,207
161,968
153,178
129,493
172,009
106,740
112,315
103,575
89,469

89,469

103,575

112,315

106,740

172,009

129,493

153,178

161,968

173,207

123,556

100,758

116,668

120,530

80,967

89,971

104,126

94,306

123,838

105,353

107,392

107,066

97,508

105,015

96,816

102,197

78,904

90,893

97,477

88,677

83,432

89,055

131,408

124,441

135,788

146,260

129,066

101,866

92,183

131,932

123,253

48,126

61,327

63,726

55,871

59,077

62,604

69,148

61,866

61,605

41,583

55,341

54,009

46,459

Other Current Liabilities

0
0
0
217,598
199,047
206,041
226,673
251,474
234,625
253,881
266,470
708,736
638,509
303,318
319,655
341,480
365,773
406,294
444,578
515,985
509,031
434,740
486,716
490,690
463,388
526,665
541,602
585,274
576,283
552,454
570,968
590,625
562,163
563,557
597,049
608,507
571,864
577,658
549,625
555,906
522,823
531,424
583,084
579,454
532,192
748,026
566,197
647,461
602,214
598,637
619,102
793,180
726,297
698,665
630,911
687,059

687,059

630,911

698,665

726,297

793,180

619,102

598,637

602,214

647,461

566,197

748,026

532,192

579,454

583,084

531,424

522,823

555,906

549,625

577,658

571,864

608,507

597,049

563,557

562,163

590,625

570,968

552,454

576,283

585,274

541,602

526,665

463,388

490,690

486,716

434,740

509,031

515,985

444,578

406,294

365,773

341,480

319,655

303,318

638,509

708,736

266,470

253,881

234,625

251,474

226,673

206,041

199,047

217,598

> Long-term Liabilities

0
0
0
1,492,574
1,520,853
2,923,440
2,891,070
2,876,733
2,801,164
2,769,410
2,698,781
2,678,720
2,656,946
2,729,487
2,722,360
2,793,187
3,428,584
3,460,659
3,416,773
3,392,193
3,354,098
3,304,006
3,245,665
3,230,941
3,518,266
3,391,534
3,339,362
3,308,730
3,230,129
3,248,924
3,883,637
3,906,334
3,916,224
3,892,815
3,847,912
3,836,376
3,945,592
3,881,900
3,838,392
3,791,388
3,562,294
3,528,834
3,464,557
3,409,121
3,468,832
3,431,571
3,479,622
3,504,340
3,443,260
3,443,092
3,408,379
3,356,121
3,262,600
2,814,710
2,782,931
2,767,121

2,767,121

2,782,931

2,814,710

3,262,600

3,356,121

3,408,379

3,443,092

3,443,260

3,504,340

3,479,622

3,431,571

3,468,832

3,409,121

3,464,557

3,528,834

3,562,294

3,791,388

3,838,392

3,881,900

3,945,592

3,836,376

3,847,912

3,892,815

3,916,224

3,906,334

3,883,637

3,248,924

3,230,129

3,308,730

3,339,362

3,391,534

3,518,266

3,230,941

3,245,665

3,304,006

3,354,098

3,392,193

3,416,773

3,460,659

3,428,584

2,793,187

2,722,360

2,729,487

2,656,946

2,678,720

2,698,781

2,769,410

2,801,164

2,876,733

2,891,070

2,923,440

1,520,853

1,492,574

Long term Debt Total

0
0
0
0
0
2,386,426
2,335,785
2,285,330
2,250,105
2,234,197
2,198,206
2,167,419
2,526,941
2,603,545
2,571,910
2,619,157
458,566
519,537
512,467
3,178,624
3,152,092
3,098,164
3,024,191
2,990,178
3,269,154
3,126,665
3,057,141
3,030,720
2,957,700
2,968,038
3,579,895
3,660,514
3,617,898
3,569,460
3,515,642
3,482,897
342,173
289,728
284,424
3,490,839
210,173
3,030,521
2,989,288
2,956,818
3,035,532
3,038,068
3,038,190
3,023,041
2,981,773
2,978,870
2,956,084
2,979,572
2,933,320
2,512,141
0
0

2,512,141

2,933,320

2,979,572

2,956,084

2,978,870

2,981,773

3,023,041

3,038,190

3,038,068

3,035,532

2,956,818

2,989,288

3,030,521

210,173

3,490,839

284,424

289,728

342,173

3,482,897

3,515,642

3,569,460

3,617,898

3,660,514

3,579,895

2,968,038

2,957,700

3,030,720

3,057,141

3,126,665

3,269,154

2,990,178

3,024,191

3,098,164

3,152,092

3,178,624

512,467

519,537

458,566

2,619,157

2,571,910

2,603,545

2,526,941

2,167,419

2,198,206

2,234,197

2,250,105

2,285,330

2,335,785

2,386,426

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-143,238
-124,280
-109,290
0
0
0
0
0
0
0
0
8,598
8,906
9,079
20,405
20,081
21,731
27,547
21,677
19,272
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

19,272

21,677

27,547

21,731

20,081

20,405

9,079

8,906

8,598

-109,290

-124,280

-143,238

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
204,611
206,089
208,287
210,420
211,691
208,513
213,856
215,323
219,331
214,998
217,149
217,697
218,604
220,366
249,739
252,536
299,558
299,802
302,788
304,606
309,451
311,967
307,532
314,397
315,649
293,468
289,030
291,447
283,849
287,756
270,726
272,483
253,669
249,919
241,486
0
0

241,486

249,919

253,669

272,483

270,726

287,756

283,849

291,447

289,030

293,468

315,649

314,397

307,532

311,967

309,451

304,606

302,788

299,802

299,558

252,536

249,739

220,366

218,604

217,697

217,149

214,998

219,331

215,323

213,856

208,513

211,691

210,420

208,287

206,089

204,611

Other Liabilities

0
0
0
309,071
519,240
473,190
488,634
525,135
500,060
477,271
459,140
482,160
425,648
499,088
483,298
528,342
534,152
585,988
575,811
551,175
549,035
534,350
516,949
544,121
520,067
489,717
468,226
530,394
519,275
606,773
585,546
671,102
789,853
766,020
729,862
726,728
640,108
585,146
566,449
540,362
518,115
506,610
463,917
440,490
483,912
458,385
508,375
547,781
503,297
518,871
494,363
452,619
0
0
0
0

452,619

494,363

518,871

503,297

547,781

508,375

458,385

483,912

440,490

463,917

506,610

518,115

540,362

566,449

585,146

640,108

726,728

729,862

766,020

789,853

671,102

585,546

606,773

519,275

530,394

468,226

489,717

520,067

544,121

516,949

534,350

549,035

551,175

575,811

585,988

534,152

528,342

483,298

499,088

425,648

482,160

459,140

477,271

500,060

525,135

488,634

473,190

519,240

309,071

Deferred Long Term Liability

0
0
0
0
0
48,788
51,948
51,905
50,999
43,040
41,435
29,141
63,611
62,441
70,825
95,275
0
0
0
128,066
129,391
131,142
127,455
137,233
156,487
160,597
183,582
145,791
151,149
159,996
173,363
109,698
145,159
149,599
154,110
145,443
137,567
135,001
122,384
136,911
151,033
150,046
135,476
132,009
134,630
143,358
157,536
163,600
185,755
197,977
210,811
112,642
106,907
113,110
0
0

113,110

106,907

112,642

210,811

197,977

185,755

163,600

157,536

143,358

134,630

132,009

135,476

150,046

151,033

136,911

122,384

135,001

137,567

145,443

154,110

149,599

145,159

109,698

173,363

159,996

151,149

145,791

183,582

160,597

156,487

137,233

127,455

131,142

129,391

128,066

95,275

70,825

62,441

63,611

29,141

41,435

43,040

50,999

51,905

51,948

48,788

> Total Stockholder Equity

0
0
0
24,831
81,374
-1,099,435
-1,065,497
-1,036,995
-1,004,857
-959,121
-915,424
-882,352
-825,275
-680,082
-612,615
-571,519
-501,467
-428,577
-418,043
-371,755
-314,998
-192,660
-118,878
-39,277
85,904
85,225
110,002
-30,082
31,452
29,677
54,373
134,944
230,744
165,899
263,006
316,680
455,390
541,820
628,124
665,781
613,548
651,916
747,603
616,805
673,452
733,669
837,028
851,088
925,351
964,668
1,002,430
806,988
921,796
1,007,666
1,050,686
1,048,051

1,048,051

1,050,686

1,007,666

921,796

806,988

1,002,430

964,668

925,351

851,088

837,028

733,669

673,452

616,805

747,603

651,916

613,548

665,781

628,124

541,820

455,390

316,680

263,006

165,899

230,744

134,944

54,373

29,677

31,452

-30,082

110,002

85,225

85,904

-39,277

-118,878

-192,660

-314,998

-371,755

-418,043

-428,577

-501,467

-571,519

-612,615

-680,082

-825,275

-882,352

-915,424

-959,121

-1,004,857

-1,036,995

-1,065,497

-1,099,435

81,374

24,831

Common Stock

0
0
0
0
0
713
718
721
723
723
724
730
731
732
732
732
732
732
733
733
735
736
736
736
739
739
739
739
742
742
742
742
746
747
747
748
749
754
754
754
758
758
758
761
768
768
768
770
775
775
776
776
780
781
781
782

782

781

780

776

775

770

768

761

758

754

749

748

747

746

742

739

736

735

733

732

731

730

724

723

721

718

713

Retained Earnings Total Equity

0
0
0
0
0
-1,100,148
-1,055,239
-1,029,954
-986,773
-945,263
-908,615
-893,424
-831,907
-696,176
-638,065
-602,686
-531,319
-472,664
-419,504
-341,889
-220,969
-137,960
-65,190
24,880
138,343
215,519
280,915
295,409
431,626
534,223
621,225
766,725
936,379
1,045,806
1,157,063
1,228,942
1,372,339
1,501,082
1,618,005
1,609,428
1,676,139
1,691,100
1,752,740
1,847,451
1,934,472
1,970,357
2,081,008
2,098,047
2,202,235
2,285,664
2,370,330
2,105,641
2,209,251
2,279,490
0
0

2,279,490

2,209,251

2,105,641

2,370,330

2,285,664

2,202,235

2,098,047

2,081,008

1,970,357

1,934,472

1,847,451

1,752,740

1,691,100

1,676,139

1,609,428

1,618,005

1,501,082

1,372,339

1,228,942

1,157,063

1,045,806

936,379

766,725

621,225

534,223

431,626

295,409

280,915

215,519

138,343

24,880

-65,190

-137,960

-220,969

-341,889

-419,504

-472,664

-531,319

-602,686

-638,065

-696,176

-831,907

-893,424

-908,615

-945,263

-986,773

-1,029,954

-1,055,239

-1,100,148

Accumulated Other Comprehensive Income

0
0
0
-156,885
-162,033
-166,959
-10,893
-12,027
-12,544
-14,829
-15,390
-8,446
-7,281
-5,859
-5,005
-4,495
1,551
6,792
-44,387
-79,248
-141,656
-110,920
-118,010
-136,057
-124,149
-151,615
-152,845
-193,798
-181,191
-144,169
-124,319
-114,386
-95,581
-144,793
-150,846
-160,194
-166,446
-167,144
-200,277
-167,711
-196,364
-182,111
-160,457
-134,950
-156,237
-148,167
-164,899
-175,818
-193,580
-243,292
-295,998
-239,798
-228,470
-219,276
-246,052
-232,831

-232,831

-246,052

-219,276

-228,470

-239,798

-295,998

-243,292

-193,580

-175,818

-164,899

-148,167

-156,237

-134,950

-160,457

-182,111

-196,364

-167,711

-200,277

-167,144

-166,446

-160,194

-150,846

-144,793

-95,581

-114,386

-124,319

-144,169

-181,191

-193,798

-152,845

-151,615

-124,149

-136,057

-118,010

-110,920

-141,656

-79,248

-44,387

6,792

1,551

-4,495

-5,005

-5,859

-7,281

-8,446

-15,390

-14,829

-12,544

-12,027

-10,893

-166,959

-162,033

-156,885

Capital Surplus

0
0
0
0
0
0
0
5,942
11,351
17,913
25,523
36,454
42,798
50,837
59,389
64,731
75,174
84,168
92,720
100,642
98,885
107,477
115,579
123,157
122,964
120,802
143,183
142,798
146,928
158,485
179,289
191,303
182,278
215,989
232,882
239,767
242,322
258,150
272,823
286,491
282,153
308,288
320,681
323,425
314,331
330,593
340,033
347,971
335,803
341,403
347,204
360,251
360,117
366,553
0
0

366,553

360,117

360,251

347,204

341,403

335,803

347,971

340,033

330,593

314,331

323,425

320,681

308,288

282,153

286,491

272,823

258,150

242,322

239,767

232,882

215,989

182,278

191,303

179,289

158,485

146,928

142,798

143,183

120,802

122,964

123,157

115,579

107,477

98,885

100,642

92,720

84,168

75,174

64,731

59,389

50,837

42,798

36,454

25,523

17,913

11,351

5,942

Treasury Stock

-1,419,882

-1,166,119

-1,149,138

-1,063,181

-1,051,022

-993,574

-992,583

-976,840

-951,850

-793,078

-709,440

-622,564

-519,604

-366,653

-275,230

-161,990

-100,220

-51,993

-47,605

-29,801

-29,666

-29,616

-17,666

-17,665

-17,614

-1,677

-83

Other Stockholders Equity

0
0
0
181,716
243,407
166,959
-83
4,265
-6,263
248
7,857
18,788
13,182
21,221
29,723
34,930
27,569
36,563
45,115
48,649
46,892
55,484
63,586
71,164
70,971
20,582
-18,807
-132,432
-219,725
-361,119
-443,275
-518,137
-610,800
-735,861
-743,958
-752,816
-751,252
-792,872
-790,358
-776,690
-866,985
-857,831
-845,438
-1,096,457
-1,105,551
-1,089,289
-1,079,849
-1,071,911
-1,084,079
-1,078,479
-1,072,678
-1,059,631
-1,059,765
-1,053,329
-1,046,957
-1,041,005

-1,041,005

-1,046,957

-1,053,329

-1,059,765

-1,059,631

-1,072,678

-1,078,479

-1,084,079

-1,071,911

-1,079,849

-1,089,289

-1,105,551

-1,096,457

-845,438

-857,831

-866,985

-776,690

-790,358

-792,872

-751,252

-752,816

-743,958

-735,861

-610,800

-518,137

-443,275

-361,119

-219,725

-132,432

-18,807

20,582

70,971

71,164

63,586

55,484

46,892

48,649

45,115

36,563

27,569

34,930

29,723

21,221

13,182

18,788

7,857

248

-6,263

4,265

-83

166,959

243,407

181,716

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
Accounts Payable	89,469	172,009	173,207	120,530	94,306	107,066	102,197	88,677	124,441	101,866	48,126	59,077	61,605	46,459	37,589	-
Accumulated Amortization	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	-
Accumulated Other Comprehensive Income	-232,831	-239,798	-175,818	-134,950	-167,711	-160,194	-114,386	-193,798	-136,057	-79,248	-4,495	-8,446	-12,027	-156,885	-153,826	-
Additional Paid In Capital	0	0	0	0	0	0	191,303	142,798	0	0	0	0	0	0	0	-
Capital Lease Obligations	120,899	161,210	188,435	226,759	211,047	21,427	26,277	35,282	29,779	27,386	12,387	0	0	0	0	-
Capital Stock	782	776	770	761	754	748	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	360,251	347,971	323,425	286,491	239,767	191,303	142,798	123,157	100,642	64,731	0	5,942	0	0	-
Cash	570,576	930,002	892,221	888,526	816,170	554,886	558,783	481,389	316,321	201,367	521,951	610,970	215,836	79,960	29,828	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	570,576	930,002	892,221	888,526	816,170	554,886	558,783	481,389	316,321	201,367	521,951	610,970	215,836	79,960	29,828	-
Common Stock	782	776	770	761	754	748	742	739	736	733	732	730	721	0	0	-
Common Stock Shares Outstanding	43,991	43,731	43,439	51,733	57,037	58,947	65,625	72,410	73,190	72,854	72,703	72,236	70,731	69,161	69,161	69,000
Common Stock Total Equity	0	776	770	761	754	748	742	739	736	733	732	730	721	0	0	-
Current Deferred Revenue	65,736	134,883	167,071	71,048	63,921	55,424	46,433	53,643	64,229	36,888	23,429	53,116	23,853	17,859	15,081	-
Deferred Long Term Asset Charges	0	0	0	0	0	19,272	20,081	8,598	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	112,642	163,600	132,009	136,911	145,443	109,698	145,791	137,233	128,066	95,275	0	51,905	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	626,496	643,419	709,344	686,407	701,980	798,037	695,158	657,708	736,275	734,356	76,748	79,305	83,173	83,173	83,173	-
Intangible Assets	2,071,211	2,117,615	2,131,272	1,679,803	1,562,591	1,792,958	1,776,521	1,594,395	1,576,574	1,550,765	1,063,068	992,302	1,071,282	982,137	991,997	-
Inventory	7,880	10,807	282,453	223,173	230,360	131,809	91,726	441,130	89,187	99,116	81,180	289,644	126,642	50,466	56,215	-
Liabilities And Stockholders Equity	4,969,787	5,633,836	5,748,946	5,246,338	5,596,686	5,278,563	5,032,985	4,480,595	4,264,915	3,976,587	2,636,689	2,618,855	2,183,934	1,853,896	1,934,362	-
Long Term Debt	2,294,249	2,979,572	3,023,041	2,956,818	3,279,792	3,461,470	3,634,237	2,995,438	2,960,399	3,151,238	2,606,770	2,167,419	2,285,330	1,064,300	0	-
Long Term Debt Total	0	2,979,572	3,023,041	2,956,818	3,490,839	3,482,897	3,660,514	3,030,720	2,990,178	3,178,624	2,619,157	0	2,285,330	0	0	-
Long Term Investments	0	0	0	0	135,300	163,900	118,800	62,471	1,449	0	2,096	0	3,214	0	0	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	1,912,072	2,043,661	2,134,684	2,187,540	2,525,065	2,581,186	2,571,598	2,377,740	2,384,827	2,588,538	1,649,337	1,558,007	2,091,121	1,038,915	1,387,883	-
Net Invested Capital	3,409,800	3,619,441	3,689,558	3,466,112	3,762,010	3,426,235	3,234,201	0	0	0	0	0	0	0	0	-
Net Receivables	664,396	722,185	815,444	813,587	857,143	835,977	775,891	701,163	678,673	591,295	383,605	307,478	292,350	249,539	236,813	-
Net Tangible Assets	0	62,562	26,159	-164,625	-251,279	-760,706	-798,852	-954,268	-1,113,041	-1,492,324	-857,819	0	-1,425,841	0	0	-
Net Working Capital	679,947	779,636	942,101	1,060,299	1,525,955	1,165,990	1,135,748	742,165	706,417	597,388	889,905	524,040	525,803	229,949	-38,881	-
Non Current Assets Total	3,346,417	3,683,967	3,748,760	3,307,572	3,266,389	3,315,152	3,153,135	2,784,252	2,727,577	2,647,507	1,332,031	1,272,328	1,313,935	1,287,456	1,414,288	-
Non Current Liabilities Other	225,249	263,907	317,699	320,294	163,638	208,036	136,122	132,219	103,530	85,503	78,755	0	525,135	0	0	-
Non Current Liabilities Total	2,767,121	3,356,121	3,504,340	3,409,121	3,791,388	3,836,376	3,906,334	3,308,730	3,230,941	3,392,193	2,793,187	2,678,720	2,876,733	1,492,574	1,612,399	-
Non Currrent Assets Other	224,355	195,057	114,537	78,182	87,172	441,792	447,937	313,029	200,799	181,805	75,019	62,543	139,411	18,545	125,434	-
Noncontrolling Interest In Consolidated Entity	0	46,825	51,584	26,296	25,724	28,528	29,001	28,438	30,639	19,846	268	0	0	0	0	-
Other Assets	0	490,370	6,405,271	1,954,448	412,710	313,995	379,142	303,042	252,760	1,129,819	924,187	877,757	858,061	730,190	0	-
Other Current Assets	388,398	297,682	10,068	13,480	426,624	440,739	453,450	441,130	453,157	437,302	317,922	289,644	235,171	186,475	197,218	-
Other Current Liab	687,059	793,180	647,461	579,454	555,906	608,507	590,625	585,274	490,690	515,985	341,480	708,736	251,474	217,598	286,999	-
Other Liab	0	452,619	547,781	440,490	540,362	726,728	780,800	676,185	665,080	551,175	528,342	482,160	525,135	309,071	0	-
Other Stockholder Equity	-1,041,005	-1,059,631	-1,071,911	-1,096,457	-776,690	-752,816	-518,137	-132,432	71,164	48,649	34,930	18,788	4,265	181,716	-83,166	-
Preferred Stock Redeemable	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	-
Property Plant And Equipment Gross	634,108	655,169	637,790	402,567	453,808	246,262	183,514	166,636	163,860	133,844	71,068	70,890	63,814	68,977	71,665	-
Property Plant And Equipment Net	230,400	310,263	351,657	402,567	453,808	246,262	183,514	166,636	163,860	133,844	71,068	70,890	63,814	68,977	71,665	-
Property Plant Equipment	0	310,263	351,657	402,567	283,752	246,262	183,514	166,636	163,860	133,844	71,068	70,890	63,814	68,977	0	-
Retained Earnings	2,321,105	2,105,641	2,098,047	1,847,451	1,609,428	1,228,942	766,725	295,409	24,880	-341,889	-602,686	-893,424	-1,029,954	0	0	-
Retained Earnings Total Equity	0	2,105,641	2,098,047	1,847,451	1,609,428	1,228,942	766,725	295,409	24,880	-341,889	-602,686	0	-1,029,954	0	0	-
Short Long Term Debt	67,500	33,750	33,750	75,000	56,250	21,334	3,130,381	222,000	148,660	74,000	0	0	0	0	0	-
Short Long Term Debt Total	2,482,648	2,973,663	3,026,905	3,076,066	3,341,235	3,136,072	3,130,381	2,859,129	2,701,148	2,789,905	2,171,288	2,168,977	2,306,957	1,118,875	1,417,711	-
Short Term Debt	101,159	70,161	70,346	107,435	90,209	26,424	4,847	226,584	151,561	76,953	1,718	1,558	7,264	54,575	219,286	-
Short Term Investments	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	-
Total Assets	4,969,787	5,633,836	5,748,946	5,246,338	5,596,686	5,278,563	5,032,985	4,480,595	4,264,915	3,976,587	2,636,689	2,618,855	2,183,934	1,853,896	1,934,362	-
Total Current Assets	1,623,370	1,949,869	2,000,186	1,938,766	2,330,297	1,963,411	1,879,850	1,696,343	1,537,338	1,329,080	1,304,658	1,346,527	869,999	566,440	520,074	-
Total Current Liabilities	943,423	1,170,233	1,058,085	878,467	804,342	797,421	744,102	954,178	830,921	731,692	414,753	822,487	344,196	336,491	558,955	-
Total Liab	3,710,544	4,526,354	4,562,425	4,287,588	4,595,730	4,633,797	4,650,436	4,262,908	4,061,862	4,123,885	3,207,940	3,501,207	3,220,929	1,829,065	2,171,354	-
Total Permanent Equity	0	0	0	0	0	0	163,945	-1,644	0	0	0	0	0	0	0	-
Total Stockholder Equity	1,048,051	806,988	851,088	616,805	665,781	316,680	134,944	-30,082	-39,277	-371,755	-571,519	-882,352	-1,036,995	24,831	-236,992	-
Treasury Stock	0	0	-1,419,882	-1,419,882	-1,063,181	-992,583	-709,440	-275,230	-51,993	-51,993	-29,801	-17,666	-1,677	0	0	-
Warrants	0	253,669	283,849	315,649	309,451	299,558	218,604	219,331	211,691	204,611	0	0	0	0	0	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31
Accounts Payable	89,469	103,575	112,315	106,740	172,009	129,493	153,178	161,968	173,207	123,556	100,758	116,668	120,530	80,967	89,971	104,126	94,306	123,838	105,353	107,392	107,066	97,508	105,015	96,816	102,197	78,904	90,893	97,477	88,677	83,432	89,055	131,408	124,441	135,788	146,260	129,066	101,866	92,183	131,932	123,253	48,126	61,327	63,726	55,871	59,077	62,604	69,148	61,866	61,605	41,583	55,341	54,009	46,459	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Accumulated Other Comprehensive Income	-232,831	-246,052	-219,276	-228,470	-239,798	-295,998	-243,292	-193,580	-175,818	-164,899	-148,167	-156,237	-134,950	-160,457	-182,111	-196,364	-167,711	-200,277	-167,144	-166,446	-160,194	-150,846	-144,793	-95,581	-114,386	-124,319	-144,169	-181,191	-193,798	-152,845	-151,615	-124,149	-136,057	-118,010	-110,920	-141,656	-79,248	-44,387	6,792	1,551	-4,495	-5,005	-5,859	-7,281	-8,446	-15,390	-14,829	-12,544	-12,027	-10,893	-166,959	-162,033	-156,885	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	191,303	0	0	0	142,798	0	0	0	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	120,899	135,938	145,279	152,047	161,210	164,558	169,624	180,160	188,435	197,381	188,600	187,552	226,759	243,068	247,513	253,566	211,047	248,600	254,780	256,025	21,427	22,422	23,739	25,233	26,277	27,378	28,341	34,161	35,282	37,136	38,189	40,022	29,779	24,815	25,708	26,490	27,386	28,214	29,038	11,931	12,387	12,832	13,266	13,690	14,104	14,508	0	15,287	0	0	0	0	0	0	0	0
Capital Stock	782	781	781	780	776	776	775	775	770	768	768	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	366,553	360,117	360,251	347,204	341,403	335,803	347,971	340,033	330,593	314,331	323,425	320,681	308,288	282,153	286,491	272,823	258,150	242,322	239,767	232,882	215,989	182,278	191,303	179,289	158,485	146,928	142,798	143,183	120,802	122,964	123,157	115,579	107,477	98,885	100,642	92,720	84,168	75,174	64,731	59,389	50,837	42,798	36,454	25,523	17,913	11,351	5,942	0	0	0	0	0	0	0
Cash	570,576	955,187	893,370	763,932	930,002	790,930	817,344	821,626	892,221	870,967	980,726	993,123	888,526	1,071,860	889,887	704,129	816,170	773,386	706,342	683,682	554,886	564,717	416,124	529,200	558,783	552,289	189,479	403,648	481,389	682,764	643,470	702,800	316,321	307,555	241,060	194,307	201,367	296,622	283,992	159,454	521,951	509,676	448,637	554,948	610,970	313,252	307,803	224,182	215,836	224,959	197,837	84,073	79,960	0	0	0
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
Cash And Short Term Investments	570,576	955,187	893,370	763,932	930,002	790,930	817,344	821,626	892,221	870,967	980,726	993,123	888,526	1,071,860	889,887	704,129	816,170	773,386	706,342	683,682	554,886	564,717	416,124	529,200	558,783	552,289	189,479	403,648	481,389	682,764	643,470	702,800	316,321	307,555	241,060	194,307	201,367	296,622	283,992	159,454	521,951	509,676	448,637	554,948	610,970	313,252	307,803	224,182	215,836	224,959	197,837	84,073	79,960	0	0	0
Common Stock	782	781	781	780	776	776	775	775	770	768	768	768	761	758	758	758	754	754	754	749	748	747	747	746	742	742	742	742	739	739	739	739	736	736	736	735	733	733	732	732	732	732	732	731	730	724	723	723	721	718	713	0	0	0	0	0
Common Stock Shares Outstanding	43,951	44,041	43,900	43,837	43,328	43,732	43,679	43,715	43,755	43,440	43,382	43,171	43,171	52,904	52,797	56,061	56,501	56,605	57,335	57,725	57,955	57,779	58,387	61,719	62,579	64,447	66,789	68,764	70,946	72,140	73,300	73,274	73,436	73,222	73,128	72,970	72,958	72,890	72,802	72,759	72,759	72,755	72,643	72,547	72,547	72,265	72,183	72,130	72,130	72,268	69,161	69,161	71,348	69,161	69,161	69,161
Common Stock Total Equity	0	0	781	780	776	776	775	775	770	768	768	768	761	758	758	758	754	754	754	749	748	747	747	746	742	742	742	742	739	739	739	739	736	736	736	735	733	733	732	732	732	732	732	731	730	724	723	723	721	718	713	0	0	0	0	0
Current Deferred Revenue	65,736	69,796	75,601	70,785	134,883	265,071	243,734	205,432	167,071	81,848	76,504	76,787	71,048	61,557	58,871	73,334	63,921	65,725	56,577	51,261	55,424	61,289	62,191	51,916	46,433	51,579	47,834	46,902	53,643	94,746	93,275	68,168	64,229	52,250	70,604	51,307	36,888	39,354	43,220	25,141	23,429	31,699	42,254	40,676	53,116	32,975	32,687	25,488	23,853	19,507	16,116	15,191	17,859	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	19,272	21,677	27,547	21,731	20,081	20,405	9,079	8,906	8,598	0	0	0	0	0	0	0	0	-109,290	-124,280	-143,238	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	113,110	106,907	112,642	210,811	197,977	185,755	163,600	157,536	143,358	134,630	132,009	135,476	150,046	151,033	136,911	122,384	135,001	137,567	145,443	154,110	149,599	145,159	109,698	173,363	159,996	151,149	145,791	183,582	160,597	156,487	137,233	127,455	131,142	129,391	128,066	0	0	0	95,275	70,825	62,441	63,611	29,141	41,435	43,040	50,999	51,905	51,948	48,788	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
Good Will	626,496	640,143	648,202	647,293	643,419	666,619	684,236	701,239	709,344	689,639	702,451	682,632	686,407	673,810	665,890	686,835	701,980	782,234	792,083	797,793	798,037	705,382	710,047	707,654	695,158	690,854	680,234	662,076	657,708	706,163	708,071	731,993	736,275	717,057	727,206	704,955	734,356	592,880	601,921	586,533	76,748	77,387	78,016	78,660	79,305	79,963	83,173	83,173	83,173	83,173	83,173	83,173	83,173	0	0	0
Intangible Assets	2,071,211	2,108,312	2,196,672	2,214,468	2,117,615	2,469,726	2,316,247	2,243,731	2,131,272	2,091,953	1,947,715	1,771,803	1,679,803	1,754,390	1,795,733	1,889,086	1,562,591	1,591,433	1,671,409	1,723,792	1,792,958	1,622,208	1,697,845	1,731,984	1,776,521	1,713,205	1,701,095	1,556,118	1,594,395	1,621,282	1,656,137	1,597,223	1,576,574	1,545,805	1,591,392	1,563,336	1,550,765	1,461,755	1,469,817	1,432,631	1,063,068	1,055,210	1,071,006	937,795	992,302	1,026,807	1,035,277	285,894	1,071,282	1,064,109	1,059,897	1,061,034	982,137	0	0	0
Inventory	7,880	11,978	11,162	10,765	10,807	414,640	429,899	357,399	282,453	208,181	221,846	170,199	223,173	174,682	189,683	195,191	230,360	187,755	166,181	157,972	131,809	118,569	110,437	102,058	91,726	452,709	450,090	461,005	441,130	380,439	390,162	86,502	89,187	121,068	440,483	428,529	99,116	103,620	398,563	375,324	81,180	58,673	57,439	151,028	289,644	57,076	62,140	80,723	126,642	131,302	148,482	51,003	50,466	0	0	0
Liabilities And Stockholders Equity	4,969,787	5,390,785	5,470,481	5,463,238	5,633,836	5,813,498	5,793,639	5,749,734	5,748,946	5,495,465	5,479,509	5,245,682	5,246,338	5,386,427	5,305,956	5,316,422	5,596,686	5,618,209	5,561,734	5,521,914	5,278,563	5,161,957	5,073,367	5,113,367	5,032,985	4,890,764	4,478,168	4,470,054	4,480,595	4,622,065	4,665,403	4,678,229	4,264,915	4,169,811	4,109,610	4,049,424	3,976,587	3,663,255	3,685,850	3,484,705	2,636,689	2,524,787	2,460,339	2,568,323	2,618,855	2,152,876	2,173,439	2,125,809	2,183,934	2,121,457	2,110,466	1,924,312	1,853,896	0	0	0
Long Term Debt	2,294,249	2,334,216	2,512,141	2,933,320	2,979,572	2,956,084	2,978,870	2,981,773	3,023,041	3,038,190	2,817,789	3,035,532	2,956,818	2,989,288	3,030,521	210,173	3,279,792	284,424	289,728	342,173	3,461,470	3,493,220	3,545,721	3,592,665	3,634,237	3,552,517	2,939,697	2,923,539	2,995,438	3,020,005	3,088,476	3,229,132	2,960,399	2,999,376	3,072,456	3,125,602	3,151,238	484,253	490,499	446,635	2,606,770	2,559,078	2,590,279	2,513,251	2,167,419	2,183,698	2,234,197	2,234,818	2,285,330	2,335,785	2,386,426	1,001,613	1,064,300	0	0	0
Long Term Debt Total	0	0	2,512,141	2,933,320	2,979,572	2,956,084	2,978,870	2,981,773	3,023,041	3,038,190	3,038,068	3,035,532	2,956,818	2,989,288	3,030,521	210,173	3,490,839	284,424	289,728	342,173	3,482,897	3,515,642	3,569,460	3,617,898	3,660,514	3,579,895	2,968,038	2,957,700	3,030,720	3,057,141	3,126,665	3,269,154	2,990,178	3,024,191	3,098,164	3,152,092	3,178,624	512,467	519,537	458,566	2,619,157	2,571,910	2,603,545	2,526,941	2,167,419	2,198,206	2,234,197	2,250,105	2,285,330	2,335,785	2,386,426	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	135,300	149,400	151,800	149,000	163,900	77,100	80,000	153,200	109,544	0	0	0	62,471	0	0	0	1,449	0	0	0	0	0	1,935	2,016	2,096	2,174	2,250	2,324	3,193	3,282	3,369	3,454	3,214	3,289	3,362	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
Net Debt	1,912,072	1,974,030	2,051,655	2,194,070	2,043,661	2,192,562	2,177,703	2,190,463	2,134,684	2,164,476	2,042,538	2,027,971	2,187,540	2,038,299	2,246,516	2,444,532	2,525,065	2,579,781	2,659,357	2,683,268	2,581,186	2,567,357	2,715,301	2,601,942	2,571,598	2,577,156	2,555,929	2,401,006	2,377,740	2,212,869	2,332,706	2,309,632	2,384,827	2,426,127	2,511,537	2,576,646	2,588,538	2,493,440	2,506,233	2,612,000	1,649,337	1,660,237	1,720,957	1,614,335	1,558,007	1,892,424	1,948,730	2,033,446	2,091,121	2,133,650	2,212,588	971,378	1,038,915	0	0	0
Net Invested Capital	3,409,800	3,843,965	3,807,412	3,727,751	3,619,441	3,821,364	3,790,091	3,757,280	3,689,558	3,675,090	3,568,333	3,506,994	3,466,112	3,614,694	3,540,806	3,508,643	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	664,396	657,656	660,474	702,681	722,185	696,143	744,432	773,273	815,444	771,546	807,499	777,063	813,587	768,506	796,834	826,022	857,143	807,481	838,287	829,704	835,977	777,950	818,730	793,275	775,891	712,654	745,135	717,440	701,163	647,617	726,949	688,125	678,673	575,493	611,001	671,462	591,295	487,169	522,156	534,570	383,605	321,052	319,237	322,650	307,478	262,648	298,725	290,445	292,350	242,118	247,959	247,663	249,539	0	0	0
Net Tangible Assets	0	0	288,670	179,136	62,562	248,110	176,810	123,162	26,159	47,058	-1,916,497	-105,631	-164,625	-29,588	-131,675	238,680	-251,279	-389,869	-504,846	-612,128	-760,706	-659,597	-773,572	-708,939	-798,852	-892,483	-912,587	-894,386	-954,268	-904,412	-941,253	-988,497	-1,113,041	-1,175,114	-1,274,044	-1,379,289	-1,492,324	-1,508,246	-1,528,859	-1,604,428	-857,819	-902,004	-974,237	-1,132,596	-1,202,840	-1,249,093	-1,309,017	-1,373,924	-1,425,841	-1,474,120	-1,527,836	0	0	0	0	0
Net Working Capital	679,947	600,938	466,462	725,058	779,636	831,896	939,094	925,662	942,101	1,032,902	1,052,796	1,194,397	1,060,299	1,197,854	1,099,313	937,636	1,525,955	1,404,498	1,336,046	1,313,237	1,165,990	1,161,620	1,072,764	1,173,788	1,135,748	1,110,936	524,315	688,376	742,165	921,479	934,104	1,092,278	706,417	674,159	620,804	597,536	597,388	659,417	689,330	642,315	889,905	790,263	735,013	620,425	524,040	505,859	542,504	506,393	525,803	519,519	514,683	260,314	229,949	0	0	0
Non Current Assets Total	3,346,417	3,489,680	3,629,985	3,756,503	3,683,967	3,898,460	3,788,170	3,782,332	3,748,760	3,626,766	3,451,347	3,289,464	3,307,572	3,353,446	3,412,198	3,574,021	3,266,389	3,393,299	3,417,155	3,416,694	3,315,152	3,230,467	3,265,210	3,223,913	3,153,135	3,073,660	2,999,419	2,816,067	2,784,252	2,772,727	2,787,348	2,752,267	2,727,577	2,688,477	2,723,119	2,667,203	2,647,507	2,369,333	2,375,240	2,307,963	1,332,031	1,320,167	1,314,392	1,211,246	1,272,328	1,277,498	1,267,785	1,289,914	1,313,935	1,306,054	1,309,322	1,341,913	1,287,456	0	0	0
Non Current Liabilities Other	225,249	231,912	189,459	222,373	263,907	241,484	266,245	275,732	317,699	283,896	315,027	298,670	320,294	130,244	133,933	376,618	163,638	159,641	160,417	160,368	208,036	178,160	173,756	153,167	136,122	130,379	120,890	121,280	132,219	98,639	104,272	92,625	103,530	94,019	74,700	72,615	85,503	91,558	95,489	87,517	78,755	79,625	63,501	66,394	482,160	459,140	477,271	500,060	525,135	488,634	473,190	0	0	0	0	0
Non Current Liabilities Total	2,767,121	2,782,931	2,814,710	3,262,600	3,356,121	3,408,379	3,443,092	3,443,260	3,504,340	3,479,622	3,431,571	3,468,832	3,409,121	3,464,557	3,528,834	3,562,294	3,791,388	3,838,392	3,881,900	3,945,592	3,836,376	3,847,912	3,892,815	3,916,224	3,906,334	3,883,637	3,248,924	3,230,129	3,308,730	3,339,362	3,391,534	3,518,266	3,230,941	3,245,665	3,304,006	3,354,098	3,392,193	3,416,773	3,460,659	3,428,584	2,793,187	2,722,360	2,729,487	2,656,946	2,678,720	2,698,781	2,769,410	2,801,164	2,876,733	2,891,070	2,923,440	1,520,853	1,492,574	0	0	0
Non Currrent Assets Other	224,355	256,690	279,255	337,779	195,057	84,640	87,154	484,253	545,153	481,229	441,808	467,648	513,749	477,938	480,324	489,265	496,465	499,062	441,052	433,907	441,792	635,541	592,046	549,932	447,937	442,388	412,232	379,341	313,029	219,426	200,359	202,021	200,799	227,199	208,620	204,602	181,805	141,676	119,746	135,983	75,019	70,320	55,782	59,836	62,543	61,585	39,729	809,842	139,411	15,484	13,396	17,637	18,545	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	32,585	47,246	46,825	47,064	48,778	51,627	51,584	51,571	49,873	48,109	26,296	24,743	23,229	23,848	25,724	26,675	26,693	29,147	28,528	28,633	29,521	30,367	29,001	28,889	27,984	27,864	28,438	29,519	30,837	31,862	30,639	25,429	24,290	19,550	19,846	30,020	32,488	23,161	268	685	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	376,462	0	490,370	326,425	341,374	361,394	6,405,271	357,531	320,704	347,511	1,954,448	373,916	407,816	428,278	412,710	428,370	361,570	374,209	313,995	600,309	563,264	445,635	2,969,621	2,901,039	2,840,266	2,646,844	2,617,616	2,595,033	2,616,256	2,578,298	2,563,717	2,543,260	2,582,796	2,532,351	2,513,663	2,245,570	2,245,200	2,201,570	1,260,963	1,251,796	1,244,905	1,141,888	1,201,438	1,212,393	1,204,485	1,227,485	1,250,121	1,245,489	1,246,458	1,276,460	1,218,479	0	0	0
Other Current Assets	388,398	288,262	286,652	240,122	297,682	13,325	13,794	15,104	10,068	18,005	18,091	15,833	13,480	17,933	17,354	17,059	426,624	456,288	433,769	433,862	440,739	470,254	462,866	464,921	453,450	452,709	450,090	461,005	441,130	380,439	390,162	448,535	453,157	477,218	440,483	428,529	437,302	406,511	398,563	375,324	317,922	315,219	320,634	328,451	289,644	242,402	236,986	240,545	235,171	217,024	206,866	199,660	186,475	0	0	0
Other Current Liab	687,059	630,911	698,665	726,297	793,180	619,102	598,637	602,214	647,461	566,197	748,026	532,192	579,454	583,084	531,424	522,823	555,906	549,625	577,658	571,864	608,507	597,049	563,557	562,163	590,625	570,968	552,454	576,283	585,274	541,602	526,665	463,388	490,690	486,716	434,740	509,031	515,985	444,578	406,294	365,773	341,480	319,655	303,318	638,509	708,736	266,470	253,881	234,625	251,474	226,673	206,041	199,047	217,598	0	0	0
Other Liab	0	0	0	0	452,619	494,363	518,871	503,297	547,781	508,375	458,385	483,912	440,490	463,917	506,610	518,115	540,362	566,449	585,146	640,108	726,728	729,862	766,020	789,853	671,102	585,546	606,773	519,275	530,394	468,226	489,717	520,067	544,121	516,949	534,350	549,035	551,175	575,811	585,988	534,152	528,342	483,298	499,088	425,648	482,160	459,140	477,271	500,060	525,135	488,634	473,190	519,240	309,071	0	0	0
Other Stockholder Equity	-1,041,005	-1,046,957	-1,053,329	-1,059,765	-1,059,631	-1,072,678	-1,078,479	-1,084,079	-1,071,911	-1,079,849	-1,089,289	-1,105,551	-1,096,457	-845,438	-857,831	-866,985	-776,690	-790,358	-792,872	-751,252	-752,816	-743,958	-735,861	-610,800	-518,137	-443,275	-361,119	-219,725	-132,432	-18,807	20,582	70,971	71,164	63,586	55,484	46,892	48,649	45,115	36,563	27,569	34,930	29,723	21,221	13,182	18,788	7,857	248	-6,263	4,265	-83	166,959	243,407	181,716	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Property Plant And Equipment Gross	634,108	645,567	660,513	658,843	655,169	642,628	0	0	0	0	343,877	345,018	402,567	407,530	414,459	458,022	453,808	441,862	440,293	426,404	246,262	225,468	214,054	185,440	183,514	172,621	159,153	169,223	166,636	177,694	171,092	173,969	163,860	145,217	140,323	134,852	133,844	123,763	130,040	106,393	71,068	68,371	69,487	69,358	70,890	65,105	63,300	62,429	63,814	60,565	62,864	65,453	68,977	0	0	0
Property Plant And Equipment Net	230,400	254,680	284,049	297,628	310,263	313,990	325,613	341,068	351,657	351,743	343,877	345,018	402,567	407,530	414,459	458,022	453,808	441,862	440,293	426,404	246,262	225,468	214,054	185,440	183,514	172,621	159,153	169,223	166,636	177,694	171,092	173,969	163,860	145,217	140,323	134,852	133,844	123,763	130,040	106,393	71,068	68,371	69,487	69,358	70,890	65,105	63,300	62,429	63,814	60,565	62,864	65,453	68,977	0	0	0
Property Plant Equipment	0	0	0	0	310,263	313,990	325,613	341,068	351,657	351,743	343,877	345,018	402,567	407,530	414,459	458,022	283,752	269,287	264,616	251,841	246,262	225,468	214,054	185,440	183,514	172,621	159,153	169,223	166,636	177,694	171,092	173,969	163,860	145,217	140,323	134,852	133,844	123,763	130,040	106,393	71,068	68,371	69,487	69,358	70,890	65,105	63,300	62,429	63,814	60,565	62,864	65,453	68,977	0	0	0
Retained Earnings	2,321,105	2,342,914	2,279,490	2,209,251	2,105,641	2,370,330	2,285,664	2,202,235	2,098,047	2,081,008	1,970,357	1,934,472	1,847,451	1,752,740	1,691,100	1,676,139	1,609,428	1,618,005	1,501,082	1,372,339	1,228,942	1,157,063	1,045,806	936,379	766,725	621,225	534,223	431,626	295,409	280,915	215,519	138,343	24,880	-65,190	-137,960	-220,969	-341,889	-419,504	-472,664	-531,319	-602,686	-638,065	-696,176	-831,907	-893,424	-908,615	-945,263	-986,773	-1,029,954	-1,055,239	-1,100,148	0	0	0	0	0
Retained Earnings Total Equity	0	0	2,279,490	2,209,251	2,105,641	2,370,330	2,285,664	2,202,235	2,098,047	2,081,008	1,970,357	1,934,472	1,847,451	1,752,740	1,691,100	1,676,139	1,609,428	1,618,005	1,501,082	1,372,339	1,228,942	1,157,063	1,045,806	936,379	766,725	621,225	534,223	431,626	295,409	280,915	215,519	138,343	24,880	-65,190	-137,960	-220,969	-341,889	-419,504	-472,664	-531,319	-602,686	-638,065	-696,176	-831,907	-893,424	-908,615	-945,263	-986,773	-1,029,954	-1,055,239	-1,100,148	0	0	0	0	0
Short Long Term Debt	67,500	459,063	450,625	42,188	33,750	33,750	33,750	33,750	33,750	26,813	16,875	8,438	75,000	76,000	81,000	70,625	56,250	47,875	37,500	30,125	21,334	9,375	3,131,425	3,131,142	3,130,381	3,129,445	2,745,408	521,032	222,000	496,102	526,199	465,807	148,660	0	0	0	74,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,482,648	2,929,217	2,945,025	2,958,002	2,973,663	2,983,492	2,995,047	3,012,089	3,026,905	3,035,443	3,023,264	3,021,094	3,076,066	3,110,159	3,136,403	3,148,661	3,341,235	3,353,167	3,365,699	3,366,950	3,136,072	3,132,074	3,131,425	3,131,142	3,130,381	3,129,445	2,745,408	2,804,654	2,859,129	2,895,633	2,976,176	3,012,432	2,701,148	2,733,682	2,752,597	2,770,953	2,789,905	2,790,062	2,790,225	2,771,454	2,171,288	2,169,913	2,169,594	2,169,283	2,168,977	2,205,676	2,256,533	2,257,628	2,306,957	2,358,609	2,410,425	1,055,451	1,118,875	0	0	0
Short Term Debt	101,159	495,885	487,453	77,855	70,161	69,476	70,826	72,126	70,346	64,196	50,078	36,174	107,435	109,519	114,179	104,482	90,209	81,224	68,945	61,466	26,424	14,024	4,630	4,771	4,847	4,717	263,253	244,949	226,584	208,079	234,956	170,720	151,561	132,421	114,083	95,281	76,953	58,390	39,834	20,260	1,718	1,676	1,636	1,596	1,558	7,470	7,434	7,523	7,264	8,121	8,963	53,838	54,575	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Total Assets	4,969,787	5,390,785	5,470,481	5,463,238	5,633,836	5,813,498	5,793,639	5,749,734	5,748,946	5,495,465	5,479,509	5,245,682	5,246,338	5,386,427	5,305,956	5,316,422	5,596,686	5,618,209	5,561,734	5,521,914	5,278,563	5,161,957	5,073,367	5,113,367	5,032,985	4,890,764	4,478,168	4,470,054	4,480,595	4,622,065	4,665,403	4,678,229	4,264,915	4,169,811	4,109,610	4,049,424	3,976,587	3,663,255	3,685,850	3,484,705	2,636,689	2,524,787	2,460,339	2,568,323	2,618,855	2,152,876	2,173,439	2,125,809	2,183,934	2,121,457	2,110,466	1,924,312	1,853,896	0	0	0
Total Current Assets	1,623,370	1,901,105	1,840,496	1,706,735	1,949,869	1,915,038	2,005,469	1,967,402	2,000,186	1,868,699	2,028,162	1,956,218	1,938,766	2,032,981	1,893,758	1,742,401	2,330,297	2,224,910	2,144,579	2,105,220	1,963,411	1,931,490	1,808,157	1,889,454	1,879,850	1,817,104	1,478,749	1,653,987	1,696,343	1,849,338	1,878,055	1,925,962	1,537,338	1,481,334	1,386,491	1,382,221	1,329,080	1,293,922	1,310,610	1,176,742	1,304,658	1,204,620	1,145,947	1,357,077	1,346,527	875,378	905,654	835,895	869,999	815,403	801,144	582,399	566,440	0	0	0
Total Current Liabilities	943,423	1,300,167	1,374,034	981,677	1,170,233	1,083,142	1,066,375	1,041,740	1,058,085	835,797	975,366	761,821	878,467	835,127	794,445	804,765	804,342	820,412	808,533	791,983	797,421	769,870	735,393	715,666	744,102	706,168	954,434	965,611	954,178	927,859	943,951	833,684	830,921	807,175	765,687	784,685	731,692	634,505	621,280	534,427	414,753	414,357	410,934	736,652	822,487	369,519	363,150	329,502	344,196	295,884	286,461	322,085	336,491	0	0	0
Total Liab	3,710,544	4,083,098	4,188,744	4,244,277	4,526,354	4,491,521	4,509,467	4,485,000	4,562,425	4,315,419	4,406,937	4,230,653	4,287,588	4,299,684	4,323,279	4,367,059	4,595,730	4,658,804	4,690,433	4,737,575	4,633,797	4,617,782	4,628,208	4,631,890	4,650,436	4,589,805	4,203,358	4,195,740	4,262,908	4,267,221	4,335,485	4,351,950	4,061,862	4,052,840	4,069,693	4,138,783	4,123,885	4,051,278	4,081,939	3,963,011	3,207,940	3,136,717	3,140,421	3,393,598	3,501,207	3,068,300	3,132,560	3,130,666	3,220,929	3,186,954	3,209,901	1,842,938	1,829,065	0	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	291,639	195,420	261,111	163,945	83,262	57,661	59,316	-1,644	139,521	116,062	0	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	1,048,051	1,050,686	1,007,666	921,796	806,988	1,002,430	964,668	925,351	851,088	837,028	733,669	673,452	616,805	747,603	651,916	613,548	665,781	628,124	541,820	455,390	316,680	263,006	165,899	230,744	134,944	54,373	29,677	31,452	-30,082	110,002	85,225	85,904	-39,277	-118,878	-192,660	-314,998	-371,755	-418,043	-428,577	-501,467	-571,519	-612,615	-680,082	-825,275	-882,352	-915,424	-959,121	-1,004,857	-1,036,995	-1,065,497	-1,099,435	81,374	24,831	0	0	0
Treasury Stock	0	0	0	0	0	0	0	-1,419,882	-1,419,882	-1,419,882	-1,419,882	-1,419,882	-1,419,882	-1,166,119	-1,166,119	-1,149,138	-1,063,181	-1,063,181	-1,051,022	-993,574	-992,583	-976,840	-951,850	-793,078	-709,440	-622,564	-519,604	-366,653	-275,230	-161,990	-100,220	-51,993	-51,993	-51,993	-51,993	-51,993	-51,993	-47,605	-47,605	-47,605	-29,801	-29,666	-29,616	-29,616	-17,666	-17,666	-17,665	-17,614	-1,677	-83	0	0	0	0	0	0
Warrants	0	0	241,486	249,919	253,669	272,483	270,726	287,756	283,849	291,447	289,030	293,468	315,649	314,397	307,532	311,967	309,451	304,606	302,788	299,802	299,558	252,536	249,739	220,366	218,604	217,697	217,149	214,998	219,331	215,323	213,856	208,513	211,691	210,420	208,287	206,089	204,611	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
Begin Period Cash Flow	930,002	892,221	888,526	816,170	554,886	558,783	481,389	316,321	201,367	521,951	610,970	215,836	79,960	29,828	25,480
Capital Expenditures	35,207	44,272	42,572	46,595	91,604	89,802	80,049	79,220	68,321	39,739	24,303	18,557	15,371	17,243	13,419
Cash And Cash Equivalents Changes	0	45,334	32,789	65,575	262,915	-3,897	77,394	165,068	114,954	-317,629	-89,019	394,653	135,485	0	0
Cash Flows Other Operating	0	-476,162	-498,537	149,100	-132,195	-17,228	-107,174	-126,268	-107,054	-55,586	-117,592	400,815	-113,199	0	0
Change In Cash	-359,426	37,781	3,695	72,356	261,284	-3,897	77,394	165,068	114,954	-320,584	-89,019	395,134	135,876	50,132	4,348
Change In Working Capital	-1,217,578	-1,342,759	-1,281,993	-701,586	-1,189,103	-1,012,455	-1,153,883	-948,634	-929,008	-655,480	-1,090,659	33,090	-385,822	-305,989	-282,703
Change Receivables	0	70,371	-56	63,337	-43,345	-52,106	-74,561	-26,496	-110,964	-72,984	-80,083	-11,717	-54,352	0	0
Change To Account Receivables	34,332	70,371	-56	63,337	-43,345	-52,106	-74,561	-30,050	-111,005	-72,984	-80,083	-11,717	-44,750	-36,422	-27,641
Change To Inventory	104,227	0	-187,328	70,763	-141,084	-19,795	-81,945	38,172	-29,151	20,271	-164,717	91,898	0	0	0
Change To Liabilities	0	71,502	125,939	29,863	-18,522	25,453	-17,910	66,432	37,555	111,612	-94,092	154,830	198,978	0	0
Change To Netincome	0	355,901	104,970	108,606	139,402	70,144	-24,987	199,585	60,746	44,930	177,047	-69,469	99,637	0	0
Change To Operating Activities	0	-1,421,010	-1,534,708	-794,786	-1,127,236	-985,802	-1,061,412	-988,570	-883,094	-704,401	0	0	0	0	0
Depreciation	1,013,560	1,115,697	1,003,220	1,028,492	1,075,933	1,052,415	1,048,876	947,080	831,576	698,894	552,275	440,857	99,848	106,455	106,504
Dividends Paid	0	34,957	9,795	0	4,630	14,296	18,561	9,010	3,154	0	0	0	20,813	53,754	0
End Period Cash Flow	570,576	930,002	892,221	888,526	816,170	554,886	558,783	481,389	316,321	201,367	521,951	610,970	215,836	79,960	29,828
Exchange Rate Changes	0	0	0	0	0	-35,653	26,477	-20,819	-11,036	-45,058	6,543	0	0	0	0
Free Cash Flow	168,712	137,562	100,902	702,141	392,144	516,745	305,680	435,105	301,718	333,068	-73,766	550,493	239,503	217,882	141,616
Investments	-29,996	4,887	85,097	11,432	1,897	-85,993	-50,553	-95,000	24,250	462	-2,500	-750	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-33,750	-30,500	-256,250	-26,582	-4,649	263,057	87,188	-116,945	588,333	-14,552	-155,359	-106,002	0	0
Net Income	201,400	11,028	279,839	256,988	407,716	463,967	489,637	289,963	381,704	267,873	290,160	136,216	126,362	118,189	88,547
Other Cashflows From Financing Activities	-74,561	-37,457	969,083	-9,819	-9,407	-9,690	1,507,034	973,437	4,118	599,470	873,740	604,340	780,207	150,264	-9,440
Other Cashflows From Investing Activities	0	-1,736	-69,107	5,000	1,897	-84,389	-50,553	-354	24,199	-1,183,933	657	478	430	0	0
Other Non Cash Items	131,136	418,571	60,473	88,775	163,985	8,274	-3,781	175,377	35,131	31,950	6,958	30,199	329,314	219,459	166,996
Sale Purchase Of Stock	-7,271	-22,332	-32,886	-372,668	-93,616	-299,979	-448,706	-234,059	-14,452	-22,192	-12,135	-15,989	-1,677	0	0
Stock Based Compensation	25,665	29,986	47,925	52,908	64,133	60,979	53,545	38,897	31,020	28,363	20,299	17,202	16,012	16,267	13,716
Total Cash From Financing Activities	-544,435	-97,115	-84,103	-647,998	-131,126	-314,607	-204,210	-153,864	-127,279	574,877	-19,953	-155,087	-104,057	-148,816	-132,474
Total Cash From Operating Activities	203,919	181,834	143,474	748,736	483,748	606,547	385,729	514,325	370,039	372,807	-49,463	569,050	254,874	235,125	155,035
Total Cashflows From Investing Activities	0	-39,385	-26,582	-35,163	-89,707	-260,184	-130,602	-174,574	-116,770	-1,223,210	-26,146	-19,392	-15,691	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31
Begin Period Cash Flow	955,187	893,370	763,932	930,002	790,930	817,344	821,626	892,221	870,967	980,726	993,123	888,526	1,071,860	889,887	704,129	816,170	773,386	706,342	683,682	554,886	564,717	416,124	529,200	558,783	552,289	189,479	403,648	481,389	682,764	643,470	702,800	316,321	307,555	241,060	194,307	201,367	296,622	283,992	159,454	521,951	509,676	448,637	554,948	610,970	313,252	307,803	224,182	215,836	224,959	197,837	84,073	79,960	67,157	70,859	36,847	29,828
Capital Expenditures	6,815	6,942	9,952	11,498	10,762	11,956	10,026	11,528	12,603	11,120	10,312	8,537	11,605	12,818	9,256	12,916	22,508	19,633	27,410	22,053	29,028	23,372	25,460	11,942	18,255	21,858	19,730	20,206	34,715	20,319	11,799	12,387	19,511	15,686	14,876	18,248	15,399	5,585	12,566	6,189	5,967	4,666	5,667	8,003	4,884	7,054	3,781	2,838	8,242	2,789	2,741	1,599	10,222	4,825	1,619	577
Cash And Cash Equivalents Changes	0	0	125,077	-167,834	117,574	-12,999	5,082	-64,323	24,544	-100,696	-694	109,635	-189,341	176,818	184,408	-106,310	40,065	69,733	26,550	126,567	-9,831	148,593	-113,076	-29,583	6,494	362,810	-214,169	-77,741	-201,375	39,294	-59,330	386,479	8,766	66,495	46,753	-7,060	-95,255	12,866	126,772	-362,012	12,275	61,039	-106,311	-56,022	297,718	5,160	83,577	8,198	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	25,687	-171,901	-46,687	-141,208	-135,690	-152,577	-47,836	-155,678	-243,056	-51,967	25,253	50,747	39,175	33,925	-46,620	-76,277	-10,808	1,510	560	-535	19,885	-37,138	19,718	-66,981	-29,558	-30,353	2,315	-8,786	-105,141	-14,656	45,874	-51,387	-75,031	-26,510	-16,700	-41,911	-61,732	64,757	35,342	23,044	-224,432	48,454	347,505	-10,864	3,280	60,894	0	0	0	0	0	0	0	0
Change In Cash	-384,611	61,817	129,438	-166,070	139,072	-26,414	-4,282	-70,595	21,254	-109,759	-12,397	104,597	-183,334	181,973	185,758	-112,041	42,784	67,044	22,660	128,796	-9,831	148,593	-113,076	-29,583	6,494	362,810	-214,169	-77,741	-201,375	39,294	-59,330	386,479	8,766	66,495	46,753	-7,060	-95,255	12,630	124,538	-362,497	12,275	61,039	-106,311	-56,022	297,718	5,449	83,621	8,346	-9,123	27,122	113,764	4,113	12,803	-3,702	34,012	7,019
Change In Working Capital	-315,132	-218,168	-219,375	-464,903	-309,571	-339,968	-308,422	-384,798	-275,030	-395,890	-388,589	-222,484	-258,426	-91,214	-149,064	-202,882	-374,556	-260,139	-312,996	-241,412	-269,959	-172,580	-253,971	-315,945	-306,915	-246,934	-367,056	-232,978	-289,834	-157,187	-280,239	-221,374	-315,233	-177,137	-171,578	-265,060	-203,289	-151,229	-111,804	-189,158	-236,496	-126,799	-473,912	-253,452	280,605	-79,246	-82,479	-85,790	-132,992	-73,269	-88,779	-90,782	-87,916	-85,374	-47,607	-85,092
Change Receivables	0	0	38,328	15,893	-29,340	41,301	20,900	37,510	-38,570	30,601	-29,083	36,996	-28,991	36,963	28,187	27,178	-50,338	16,004	-7,582	-1,429	-49,773	38,086	-22,542	-17,877	-61,245	30,187	-27,523	-15,980	-59,243	78,283	-37,175	-8,361	-117,188	24,279	79,926	-97,981	-80,696	12,038	12,000	-16,326	-61,560	-3,245	1,226	-16,504	-44,267	39,574	-4,429	-2,595	0	0	0	0	0	0	0	0
Change To Account Receivables	-14,238	-5,651	38,328	15,893	-29,340	41,301	20,900	37,510	-38,570	30,601	-29,083	36,996	-28,991	36,963	28,187	27,178	-50,338	16,004	-7,582	-1,429	-49,773	38,086	-22,542	-17,877	-61,245	30,187	-27,551	-15,952	-62,797	78,283	-36,094	-9,442	-117,160	24,337	80,210	-98,392	-80,696	12,038	12,000	-16,326	-61,560	-3,245	1,226	-16,504	-44,267	39,574	-8,351	1,327	-54,169	9,247	-17,684	17,856	-19,490	-9,641	-13,787	6,496
Change To Inventory	-58,292	27,939	55,054	0	0	0	0	0	0	-44,329	-64,226	40,521	-25,600	50,154	28,308	17,901	-22,810	-87,205	-44,950	13,881	12,979	-18,568	-24,417	10,211	12,056	-52,766	-80,702	39,467	71,102	-29,476	-48,702	45,248	-1,593	-14,895	-49,487	36,824	1,118	-28,828	18,029	29,952	-20,702	-10,374	-44,650	-88,991	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	-40,077	-121,822	164,827	-26,852	10,406	-76,879	119,075	-2,521	78,053	-56,526	61,891	13,128	-25,153	-20,003	911	29,938	-30,894	-18,477	63,539	5,201	-983	-42,304	21,790	23,897	-76,469	12,872	16,336	12,885	64,747	-27,536	-20,983	32,419	-3,350	29,469	68,017	47,584	10,230	-14,219	14,732	24,295	-9,435	-123,684	125,222	20,938	39,735	-31,065	0	0	0	0	0	0	0	0
Change To Netincome	0	0	37,926	1,105	296,748	16,654	17,787	24,712	4,692	-111,885	166,702	52,174	-85,269	13,504	132,020	48,351	144,520	-15,936	-388	11,206	10,540	5,562	26,923	27,119	-52,605	2,339	19,755	5,524	81,230	18,131	28,170	72,054	43,810	1,388	-6,232	21,780	39,632	-7,613	-9,847	22,758	25,208	9,797	109,192	32,850	-104,448	-11,510	23,847	22,642	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	-314,614	-376,365	-377,887	-352,144	-475,530	-429,604	-420,949	-208,625	-293,560	-144,157	-137,490	-219,579	-314,734	-315,369	-279,827	-217,306	-283,725	-215,867	-230,446	-255,764	-1,061,412	-301,018	-263,036	-18,590	-988,570	-26,755	-33,717	6,717	-883,094	0	0	0	-704,401	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	307,246	224,308	269,058	212,948	426,042	242,944	231,269	215,442	330,319	291,703	204,965	176,233	326,106	234,496	217,178	250,712	304,039	252,958	289,605	229,331	304,092	237,343	272,000	238,980	316,779	254,975	254,112	223,010	270,553	261,851	224,223	190,453	243,538	203,310	194,163	190,565	190,498	185,004	159,627	163,765	192,547	120,999	122,002	116,727	373,371	18,368	24,067	25,051	24,651	25,012	25,259	24,926	26,559	26,542	26,664	26,690
Dividends Paid	0	0	15,585	11,502	6,725	3,093	25,139	0	0	0	0	0	0	0	0	0	0	0	4,500	5,629	4,963	2,366	5,532	1,435	2,451	3,180	1,218	11,712	0	33	9	8,968	0	0	3,154	0	0	0	0	0	0	0	0	0	0	0	0	0	20,813	0	0	0	53,754	0	0	0
End Period Cash Flow	570,576	955,187	893,370	763,932	930,002	790,930	817,344	821,626	892,221	870,967	980,726	993,123	888,526	1,071,860	889,887	704,129	816,170	773,386	706,342	683,682	554,886	564,717	416,124	529,200	558,783	552,289	189,479	403,648	481,389	682,764	643,470	702,800	316,321	307,555	241,060	194,307	201,367	296,622	283,992	159,454	521,951	509,676	448,637	554,948	610,970	313,252	307,803	224,182	215,836	224,959	197,837	84,073	79,960	67,157	70,859	36,847
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-47,688	10,431	-7,761	9,365	11,741	5,519	10,790	-1,573	-8,081	9,814	-22,647	95	-4,522	-9,366	11,102	-8,250	-35,161	-30,431	36,509	-15,975	6,543	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	65,965	99,150	147,614	-144,017	134,481	7,461	30,703	-35,083	86,887	-98,303	13,292	99,026	93,044	206,357	217,248	185,492	60,843	91,827	89,840	149,634	105,707	169,863	136,145	105,030	93,901	85,738	1,377	124,664	53,018	176,709	50,381	154,997	49,555	95,046	95,170	61,947	98,533	78,558	88,052	67,925	18,631	61,795	-108,360	-45,832	339,683	51,633	84,904	74,273	44,681	80,040	67,767	47,015	68,187	20,085	96,981	32,629
Investments	-5,088	-6,246	3,969	4,493	-10,762	-6,738	9,854	1,771	-1,876	-11,120	-2,703	71,551	869	-1,611	10,924	1,250	-7,335	3,324	2,000	3,908	-86,516	176	175	172	-7,553	-7,553	-71,000	28,000	-95,000	-95,000	-95,000	-95,000	-24,250	48,500	960	-25,210	-3,522	3,984	0	0	0	-2,500	0	0	0	0	-750	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
Net Borrowings	0	0	-8,779	-8,438	-8,437	-8,438	-8,437	-8,438	-1,500	1,500	-889	-30,500	-19,750	-22,175	-9,950	-204,375	-11,431	-9,844	-3,281	-2,026	-771	-1,253	-1,219	-1,406	-1,145	377,693	-56,590	-56,901	-38,107	-83,645	-38,410	248,716	-19,053	-19,443	-58,529	-19,920	-11,667	0	0	600,000	-12,856	-404	-387	-905	-49,456	-52,027	-2,058	-51,818	0	0	0	0	0	0	0	0
Net Income	-39,888	67,897	62,098	111,293	-279,418	89,992	89,920	110,534	24,029	118,487	42,598	94,725	98,232	67,996	17,234	73,526	348	123,226	133,985	150,157	76,439	116,660	110,332	160,536	148,545	90,836	107,625	142,631	19,039	67,472	83,388	120,064	90,686	76,900	87,442	126,676	81,637	53,732	60,517	71,987	34,962	57,950	135,731	61,517	15,191	36,543	41,405	43,077	29,265	40,317	27,058	29,722	29,907	33,741	30,512	24,029
Other Cashflows From Financing Activities	-25,330	-20,459	-15,927	-12,845	-6,725	-3,093	-26,074	-1,565	-16,812	-1,495	-9,448	996,838	-1,864	-3,348	-6,526	1,919	-2,013	-1,895	-7,021	1,522	-4,674	-2,366	-1,215	-1,435	-2,451	1,522,415	-1,218	-11,712	36	-49	-64	973,514	438	392	-514	3,802	1,781	1,099	875	596,327	867,640	2,188	2,434	1,478	595,400	5,662	1,490	1,788	347	-322	759,286	20,813	-764	-11,440	-19,959	182,427
Other Cashflows From Investing Activities	0	0	0	0	0	-1,736	-1,736	-1,736	-42,983	0	18,125	-7,052	1,250	1,250	1,250	10,000	1,250	1,250	1,250	3,908	-119,943	675	34,879	0	0	0	0	0	-708	0	354	0	17,654	13,090	36	-6,581	-2,208,360	31,217	654	993,210	657	657	657	657	563	0	-85	0	750	562	376	0	0	0	0	0
Other Non Cash Items	67,797	21,979	32,593	8,767	399,047	7,222	6,594	5,708	9,165	-126,215	136,526	40,997	-81,786	-6,463	131,384	45,640	113,523	6,754	21,138	22,570	21,227	-15,236	16,001	-13,718	-396	-2,509	3,442	-4,318	81,385	4,656	31,399	57,937	13,500	19,756	-11,501	13,376	13,159	18,132	256	403	1,059	3,454	632	1,813	-210,797	88,416	80,196	72,384	112,765	69,182	84,902	62,465	85,140	22,817	63,792	47,710
Sale Purchase Of Stock	-42	-6	-1,211	-6,012	-775	-1,248	-17	-20,292	1,762	-16	1	-34,633	-260,783	-1	-17,069	-94,815	1	-12,158	-57,509	-23,950	-16,845	-24,991	-159,152	-98,991	-87,999	-102,960	-153,528	-104,219	-113,241	-61,757	-48,648	-10,413	2	-134	-1,472	-12,848	-4,388	0	0	-17,804	-135	-50	876	-11,950	6,703	-1	-51	-15,937	-1,594	0	0	0	0	0	0	0
Stock Based Compensation	5,994	6,378	7,648	5,645	6,124	7,050	8,683	8,129	8,762	9,454	16,263	13,446	9,767	12,394	15,235	15,512	13,668	13,841	16,725	19,899	8,973	16,934	19,753	15,319	12,133	13,817	15,131	12,464	10,028	9,381	11,323	8,165	7,110	7,821	8,801	7,288	6,794	7,730	8,759	5,080	5,250	5,108	5,604	4,337	4,356	4,362	4,901	3,583	3,349	4,320	4,412	3,931	4,214	4,218	4,340	3,495
Total Cash From Financing Activities	-459,528	-30,091	-26,506	-28,310	-16,907	-13,722	-35,475	-31,011	-17,484	-2,393	-10,336	-53,890	-283,254	-27,928	-33,764	-303,052	-13,443	-25,418	-65,290	-26,975	-22,579	-28,610	-161,586	-101,832	-91,595	271,553	-211,336	-172,832	-151,312	-147,229	-86,710	231,387	-18,613	-19,185	-60,515	-28,966	-2,913	-296	-23	578,109	-12,899	1,744	2,049	-10,847	-42,528	-46,184	-448	-65,927	-53,929	-52,985	45,637	-42,780	-48,046	-28,698	-47,209	-24,863
Total Cash From Operating Activities	72,780	106,092	157,566	-132,519	145,243	19,417	40,729	-23,555	99,490	-87,183	23,604	107,563	104,649	219,175	226,504	198,408	83,351	111,460	117,250	171,687	134,735	193,235	161,605	116,972	112,156	107,596	21,107	144,870	87,733	197,028	62,180	167,384	69,066	110,732	110,046	80,195	113,932	84,143	100,618	74,114	24,598	66,461	-102,693	-37,829	344,567	58,687	88,685	77,111	52,923	82,829	70,508	48,614	78,409	24,910	98,600	33,206
Total Cashflows From Investing Activities	0	0	-5,983	-7,005	-10,762	-18,694	-172	-9,757	-57,462	-11,120	-13,962	55,962	-10,736	-14,429	-8,332	-1,666	-29,843	-16,309	-25,410	-18,145	-74,299	-26,463	-105,334	-54,088	-25,808	-21,858	-34,730	-48,206	-129,715	-20,319	-12,153	-12,387	-37,165	-15,686	-13,880	-50,039	-171,113	-40,786	-12,566	-998,745	-5,967	-7,166	-5,667	-7,346	-4,884	-7,054	-4,616	-2,838	-15,691	-7,386	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
Cost Of Revenue	1,327,500	1,515,902	1,432,083	1,401,591	1,506,985	1,445,949	1,341,076	1,279,984	1,137,133	983,575	662,233	507,436	425,961	366,093	310,365
Depreciation And Amortization	1,327,500	107,227	93,881	1,028,492	267,322	189,971	94,638	84,778	83,031	69,048	552,275	440,857	99,848	106,455	106,504
Discontinued Operations	0	0	0	0	0	0	0	0	0	-3,448	0	314	92	0	0
Ebit	5,173	593,493	695,367	701,192	625,277	726,909	811,659	726,404	725,927	543,005	457,011	362,685	327,350	280,006	243,707
Ebitda	1,332,673	700,720	789,248	1,729,684	892,599	916,880	906,297	811,182	808,958	612,053	1,009,286	803,542	427,198	386,461	350,211
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	-9,800	67,900	0	0	0	0	0	0	0	0
Gross Profit	1,384,377	1,580,643	1,645,525	1,413,365	1,553,336	1,525,980	1,464,615	1,475,670	1,443,802	1,192,066	929,625	845,141	761,780	712,207	663,279
Income Before Tax	296,006	-29,952	374,232	402,379	486,186	620,273	640,378	454,825	582,794	397,028	469,001	222,274	210,610	206,262	158,954
Income Tax Expense	-94,606	-40,980	94,393	145,391	78,470	156,306	150,741	164,862	201,090	129,155	178,841	86,058	84,248	88,073	70,407
Interest Expense	115,685	133,762	129,073	138,610	157,798	154,993	134,001	123,632	128,135	130,262	115,860	127,778	95,870	75,800	76,541
Interest Income	31,718	13,326	10,243	30,032	24,707	19,180	14,704	5,064	125,205	0	0	0	0	0	0
Minority Interest	10,714	-3,434	29,243	17,009	27,230	17,780	18,321	19,453	14,916	3,628	-578	0	0	0	0
Net Income	215,464	11,028	250,596	239,979	380,486	446,187	471,316	270,510	366,788	260,797	290,738	136,530	126,454	80,099	53,756
Net Income Applicable To Common Shares	0	7,594	250,596	239,979	380,486	446,187	471,316	270,510	366,788	260,797	290,738	136,216	126,454	118,189	0
Net Income From Continuing Ops	-38,130	11,028	279,839	256,988	407,716	463,967	489,637	289,963	381,704	267,873	290,160	136,216	126,362	0	0
Net Interest Income	-120,263	-120,436	-118,830	-108,578	-133,091	-135,813	-119,297	-118,568	0	0	0	0	0	0	0
Non Operating Income Net Other	0	16,894	13,383	98,345	18,707	48,357	52,020	-79,099	1,736	-19,063	2,694	-12,786	-20,036	0	0
Non Recurring	0	489,683	169,988	157,295	147,517	50,333	34,276	97,308	14,998	15,715	-132,944	-3	-240	0	0
Operating Income	388,412	593,493	695,367	701,192	625,277	726,909	722,359	657,556	709,193	546,353	582,167	362,838	326,276	279,836	237,709
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,323,465	2,519,946	2,417,698	2,215,017	2,287,527	2,194,687	2,049,056	2,000,790	1,856,744	1,613,573	1,142,635	989,742	861,465	800,682	730,773
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,132,356	107,227	1,003,220	1,028,492	1,075,933	1,052,415	1,048,876	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	715,646	871,850	383,000	246,900	180,300	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	48,441	24,967	508,734	461,920	499,144	657,457	613,342	636,028	636,580	560,950	425,735	396,926	335,656	328,134	313,904
Tax Provision	-61,373	-40,980	94,393	145,391	78,470	156,306	150,741	164,862	201,090	0	0	0	0	0	0
Total Operating Expenses	2,323,465	1,004,044	985,615	813,426	780,542	748,738	707,980	720,806	719,611	629,998	480,402	482,306	435,504	434,589	420,408
Total Other Income Expense Net	-92,406	-623,445	-321,135	-298,813	-139,091	-106,636	3,040	-181,471	-15,689	-36,211	134,819	-13,285	-20,870	2,056	-8,212
Total Revenue	2,711,877	3,096,545	3,077,608	2,814,956	3,060,321	2,971,929	2,805,691	2,755,654	2,580,935	2,175,641	1,591,858	1,352,577	1,187,741	1,078,300	973,644

	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
Cost Of Revenue	393,910	284,900	321,961	326,729	612,434	293,459	325,772	284,237	434,406	378,264	338,841	280,572	441,212	333,816	282,503	344,060	426,222	354,992	385,623	340,148	402,377	346,398	376,809	320,365	384,876	322,743	334,845	298,612	364,648	338,799	305,492	274,274	322,134	293,096	259,730	262,173	281,804	252,556	232,044	211,019	230,844	157,054	137,656	136,679	158,530	129,627	114,349	104,930	143,247	96,420	95,883	90,411	111,399	87,801	84,468	82,425
Depreciation And Amortization	307,246	28,009	25,745	44,313	27,671	245,023	232,994	223,730	32,310	291,703	204,965	176,233	326,106	27,547	25,905	250,712	25,530	252,958	289,605	229,331	27,247	237,343	272,000	238,980	29,601	254,975	254,112	223,010	21,311	261,851	224,223	190,453	20,602	203,310	194,163	190,565	18,828	185,004	159,627	163,765	192,547	120,999	122,002	116,727	373,371	18,368	24,067	25,051	24,651	25,012	25,259	24,926	26,559	26,542	26,664	26,690
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	-3,448	-966	-1,732	-750	0	0	0	0	0	105	105	104	0	-314	97	0	0	0	0	0
Ebit	81,049	146,288	154,106	173,304	102,844	150,677	153,203	174,677	63,632	191,398	228,511	202,136	194,465	158,015	195,160	153,552	181,349	181,765	189,467	238,920	181,747	206,088	182,144	255,620	165,520	181,656	215,568	248,917	172,657	139,908	155,182	258,657	175,837	154,816	173,664	221,610	163,895	104,431	131,815	142,864	92,572	122,499	114,405	127,535	80,207	86,959	98,378	97,141	79,255	94,571	82,422	71,102	69,548	76,948	72,147	61,363
Ebitda	388,295	174,297	179,851	217,617	130,515	395,700	386,197	398,407	95,942	483,101	433,476	378,369	520,571	185,562	221,065	404,264	206,879	434,723	479,072	468,251	208,994	443,431	454,144	494,600	195,121	436,631	469,680	471,927	193,968	401,759	379,405	449,110	196,439	358,126	367,827	412,175	182,723	289,435	291,442	306,629	285,119	243,498	236,407	244,262	453,578	105,327	122,445	122,192	103,906	119,583	107,681	96,028	96,107	103,490	98,811	88,053
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,800	0	0	0	0	0	0	0	0	0	0	0	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	284,938	352,054	356,667	390,718	352,086	388,384	412,253	427,920	369,303	432,502	432,551	411,169	339,063	320,199	363,788	390,315	358,982	363,605	386,676	444,073	370,469	350,477	384,576	420,458	342,058	325,280	375,700	421,577	364,949	295,847	379,340	432,305	356,816	339,069	341,408	406,509	327,640	266,994	290,049	313,535	204,403	238,274	241,666	245,282	208,182	202,429	213,221	221,309	195,712	187,494	196,082	182,492	187,083	183,632	175,545	165,947
Income Before Tax	-28,007	91,568	84,253	148,192	-423,516	118,448	122,948	152,168	40,442	159,231	53,919	120,640	148,133	120,191	26,941	107,114	25,011	131,953	132,589	196,633	99,653	160,326	142,879	217,415	125,887	130,960	167,819	215,713	64,815	88,626	122,777	178,607	136,167	120,258	138,439	187,930	122,050	67,147	96,739	111,092	58,520	92,734	219,581	98,166	30,260	56,664	68,303	67,047	48,125	62,757	46,870	52,858	52,193	58,885	53,249	41,935
Income Tax Expense	11,881	23,671	22,155	36,899	-144,098	28,456	33,028	41,634	16,413	40,744	11,321	25,915	49,901	52,195	9,707	33,588	24,663	8,727	-1,396	46,476	23,214	43,666	32,547	56,879	-22,657	40,124	60,193	73,082	45,772	21,157	39,390	58,543	45,481	43,358	50,997	61,254	40,413	13,078	36,559	39,105	23,558	34,784	83,850	36,649	15,069	20,121	26,898	23,970	18,860	22,440	19,812	23,136	22,286	25,144	22,737	17,906
Interest Expense	37,399	38,757	38,930	37,617	36,677	34,308	31,980	30,797	31,399	31,413	31,519	34,742	33,327	33,418	34,301	37,564	38,816	39,621	39,716	39,645	39,386	38,137	39,265	38,205	37,392	35,392	30,718	30,500	30,199	29,675	32,007	31,751	30,613	31,927	32,571	33,024	32,902	31,665	33,923	31,772	28,958	29,765	27,768	29,369	38,588	29,962	29,431	29,797	30,378	31,789	15,353	18,350	18,664	18,709	18,761	19,666
Interest Income	10,074	11,686	7,342	7,916	4,774	3,625	2,467	2,460	2,629	2,264	3,008	2,342	18,756	2,994	3,727	4,555	11,136	4,626	4,745	32,688	0	0	0	0	0	0	0	0	0	0	0	0	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	18,079	-4,473	-8,141	7,683	14,729	5,326	6,491	6,346	6,990	7,836	338,903	7,704	3,521	6,356	2,273	4,859	8,925	6,303	5,242	6,760	4,560	5,403	4,151	3,666	3,045	3,834	5,028	6,414	4,545	2,076	6,212	6,620	597	4,130	4,433	5,756	4,022	-57	-207	-130	-417	-161	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-21,809	63,424	70,239	103,610	-279,418	84,666	83,429	104,188	24,029	110,651	35,885	87,021	94,711	61,640	14,961	68,667	-8,577	116,923	128,743	143,397	71,879	111,257	106,181	156,870	145,499	87,002	102,598	136,217	14,498	65,393	77,175	113,444	90,089	72,770	83,009	120,920	77,615	53,160	58,655	71,367	35,379	58,111	135,731	61,517	15,191	36,648	41,510	43,181	29,478	40,003	27,155	29,818	19,306	25,259	22,101	13,433
Net Income Applicable To Common Shares	0	0	70,239	103,610	-264,689	84,666	83,429	104,188	17,039	110,651	35,885	87,021	94,711	61,640	14,961	68,667	-8,577	116,923	128,743	143,397	71,879	111,257	106,181	156,870	145,499	87,002	102,598	136,217	14,498	65,393	77,175	113,444	90,089	72,770	83,009	120,920	77,615	53,160	58,655	71,367	35,379	58,111	135,731	61,517	15,191	36,648	41,510	43,181	29,265	40,003	27,155	29,722	29,907	33,741	30,512	24,029
Net Income From Continuing Ops	-39,888	67,897	62,098	111,293	-279,418	89,992	89,920	110,534	24,029	118,487	42,598	94,725	98,232	67,996	17,234	73,526	348	123,226	133,985	150,157	76,460	116,660	110,332	160,515	148,544	90,836	107,626	142,631	19,043	67,469	83,387	120,064	90,686	76,900	87,442	126,676	81,637	54,069	60,180	71,987	34,962	57,950	135,731	61,517	15,191	36,543	41,405	43,077	0	40,317	27,058	0	0	0	0	0
Net Interest Income	-27,325	-27,071	-31,588	-29,701	-31,903	-30,683	-29,513	-28,337	-28,770	-29,149	-28,511	-32,400	-14,571	-30,424	-30,574	-33,009	-27,680	-34,995	-34,971	-35,445	0	0	0	0	0	0	0	0	0	0	0	0	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	17,482	12,505	4,802	2,079	1,725	8,288	8,209	2,318	17,182	-14,326	100,065	14,132	12,440	-28,292	22,108	3,136	2,048	-8,585	1,915	33,864	-9,387	21,965	1,733	12,998	22,747	14,542	-8,566	1,164	-23,248	-48,449	6,436	-7,083	12,176	-9,793	-4,064	-11,417	1,187	-4,769	2,506	112	25	51	-11,816	-233	-542	-195	0	102	-20,051	0	0	0	0	0
Non Recurring	0	0	30,923	5,933	489,683	0	0	0	1,481	754	143,073	24,680	289,266	4,406	-130,411	-5,966	177,512	-10,191	-17,162	-2,642	42,708	7,625	0	0	2,241	12,300	17,031	2,704	77,642	19,312	389	-35	9,057	2,631	2,654	656	8,943	5,619	1,153	0	0	0	-132,944	0	0	0	0	-3	0	-191	-15	0	0	0	0	0
Operating Income	-11,443	120,850	105,701	173,304	102,844	150,677	153,203	174,677	63,632	188,326	68,256	169,708	81,395	139,477	48,802	172,970	41,719	168,438	170,257	244,863	137,124	164,599	191,531	233,655	161,544	153,354	175,790	231,671	103,728	117,137	178,032	258,807	160,344	159,268	158,834	230,747	159,016	110,229	129,475	147,633	84,972	122,387	247,324	127,484	80,664	86,859	98,276	97,039	79,119	94,444	82,274	70,679	70,241	76,932	71,638	61,025
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
Other Operating Expenses	618,634	500,141	542,004	538,210	866,478	531,166	584,822	537,480	738,596	621,686	560,063	497,353	685,875	510,132	463,571	555,439	625,963	539,968	584,880	536,716	593,014	524,651	569,854	507,168	563,149	482,369	517,724	485,814	548,227	498,197	506,411	447,807	509,549	470,266	439,650	437,279	441,485	403,702	391,465	376,921	350,275	272,941	264,942	254,477	286,048	245,197	229,294	229,203	259,840	189,661	209,706	202,258	229,620	195,080	188,423	187,559
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
Reconciled Depreciation	307,246	28,009	25,745	25,875	27,671	242,944	231,269	215,442	330,319	291,703	204,965	176,233	326,106	234,496	217,178	250,712	304,039	252,958	289,605	229,331	304,092	237,343	272,000	238,980	316,779	254,975	254,112	223,010	270,553	261,851	224,223	190,453	243,538	203,310	194,163	190,565	190,498	185,004	159,627	163,765	192,547	120,999	122,002	116,727	373,371	18,368	24,067	25,051	24,651	25,012	25,259	24,926	26,559	26,542	26,664	26,690
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	871,850	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	196,951	187,232	194,298	185,606	645,477	207,972	231,819	230,653	281,570	220,011	198,618	191,535	220,239	148,769	155,163	184,649	174,211	159,357	173,364	172,512	163,390	156,242	171,376	166,449	148,672	138,688	162,273	163,709	162,268	137,116	179,366	153,901	166,813	156,308	158,880	154,579	140,853	132,851	141,890	151,508	111,352	105,952	108,978	99,453	109,624	97,202	90,878	99,222	91,942	68,229	88,564	86,921	91,662	80,737	77,291	78,444
Tax Provision	11,881	23,671	22,155	36,899	-144,098	28,456	33,028	41,634	16,413	40,744	11,321	25,915	49,901	52,195	9,707	33,588	24,663	8,727	-1,396	46,476	0	0	0	0	0	0	0	0	0	0	0	0	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	224,724	215,241	220,043	211,481	254,044	237,707	259,050	253,243	304,190	243,422	221,222	216,781	244,663	176,316	181,068	211,379	199,741	184,976	199,257	196,568	190,637	178,253	193,045	186,803	178,273	159,626	182,879	187,202	183,579	159,398	200,919	173,533	187,415	177,170	179,920	175,106	159,681	151,146	159,421	165,902	119,431	115,887	127,286	117,798	127,518	115,570	114,945	124,273	116,593	93,241	113,823	111,847	118,221	107,279	103,955	105,134
Total Other Income Expense Net	-60,896	-18,174	-20,783	-25,112	-526,360	-32,229	-30,255	-22,509	-23,190	-700	-128,899	-41,348	68,304	6,732	-125,205	-38,813	-106,550	-11,681	-19,859	-15,427	-44,520	21,137	-14,719	16,946	-4,369	-2,884	1,949	8,345	-88,556	-18,619	-25,308	-49,136	-3,262	-10,271	8,730	-10,886	-13,432	-17,385	-284	-5,110	2,286	-65	132,800	-202	-12,011	-333	-644	-297	-752	-25	-20,199	106	1,309	646	-137	238
Total Revenue	678,848	636,954	678,628	717,447	964,520	681,843	738,025	712,157	803,709	810,766	771,392	691,741	780,275	654,015	646,291	734,375	785,204	718,597	772,299	784,221	772,846	696,875	761,385	740,823	726,934	648,023	710,545	720,189	729,597	634,646	684,832	706,579	678,950	632,165	601,138	668,682	609,444	519,550	522,093	524,554	435,247	395,328	379,322	381,961	366,712	332,056	327,570	326,239	338,959	283,914	291,965	272,903	298,482	271,433	260,013	248,372

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

Gross Profit (+$)
totalRevenue	2,711,877
Cost of Revenue	-1,327,500
Gross Profit	1,384,377	1,384,377

Operating Income (+$)
Gross Profit	1,384,377
Operating Expense	-2,323,465
Operating Income	388,412	-939,088

Operating Expense (+$)
Research Development	0
Selling General Administrative	48,441
Selling And Marketing Expenses	715,646
Operating Expense	2,323,465	764,087

Net Interest Income (+$)
Interest Income	31,718
Interest Expense	-115,685
Other Finance Cost	-36,296
Net Interest Income	-120,263

Pretax Income (+$)
Operating Income	388,412
Net Interest Income	-120,263
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	296,006	480,818 EBIT - interestExpense = -110,512 120,858 331,149
Interest Expense	115,685
Earnings Before Interest and Taxes (EBIT)	5,173	411,691
Earnings Before Interest and Taxes (EBITDA)	1,332,673

After tax Income (+$)
Income Before Tax	296,006
Tax Provision	--61,373
Net Income From Continuing Ops	-38,130	357,379
Net Income	215,464
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	2,323,465
Total Other Income/Expenses Net	-92,406	120,263

Technical Analysis of AMC Networks Inc
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 AMC Networks Inc. The general trend of AMC Networks Inc is UNKNOWN with 0.0% 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 AMC Networks Inc'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 State	Bullish trend		Bearish trend
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 AMC Networks Inc.

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: 10.74 < 11.07 < 13.29.

The bearish price targets are: 9.96.

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AMC Networks Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 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.

AMC Networks Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of AMC Networks Inc.

AMC Networks Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

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

AMC Networks Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of AMC Networks Inc.

AMC Networks Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of AMC Networks Inc.

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.

AMC Networks Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of AMC Networks Inc.

AMC Networks Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of AMC Networks Inc.

AMC Networks Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of AMC Networks Inc.

AMC Networks Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of AMC Networks Inc.

AMC Networks Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of AMC Networks Inc.

AMC Networks Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of AMC Networks Inc.

AMC Networks Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of AMC Networks Inc.

AMC Networks Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of AMC Networks Inc.

AMC Networks Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for AMC Networks Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-11-30	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-12	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-18	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-19	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.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-21	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-22	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	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).
2024-01-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	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).
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
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	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	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).
2024-01-25	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).
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-06	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-07	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-12	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-13	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
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.
2024-02-22	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	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-03-04	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.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-11	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	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.
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-22	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.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	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
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-04-18	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.

6.3. Candlestick Patterns

AMC Networks Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	10.540
Total			0/1 (0.0%)

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Quick analysis of AMC Networks Inc (30 sec.)

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How much money do you get?

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1. Valuation of AMC Networks Inc (5 min.)

$10.92

$28.65

$-7.08 - $70.83

$21.57 - $99.48

2. Growth of AMC Networks Inc (5 min.)

Is AMC Networks Inc growing?

How much money is AMC Networks Inc making?

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

3. Financial Health of AMC Networks Inc (5 min.)

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

Industry Rankings (Entertainment)

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

What can you expect buying and holding a share of AMC Networks Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of AMC Networks Inc

About AMC Networks Inc

Financial Health

Valuation

1.1. Profitability of AMC Networks Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Entertainment)

1.1.2. Return on Assets

Trends

Compared to industry (Entertainment)

1.1.3. Return on Equity

Trends

Compared to industry (Entertainment)

1.2. Operating Efficiency of AMC Networks Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Entertainment)

1.2.2. Operating Ratio

Trends

Compared to industry (Entertainment)

1.3. Liquidity of AMC Networks Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Entertainment)

1.3.2. Quick Ratio

Trends

Compared to industry (Entertainment)

1.4. Solvency of AMC Networks Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Entertainment)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Entertainment)

2. Market Valuation of AMC Networks Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Entertainment)

AMC Networks Inc
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