Apollo Global Management LLC Class A
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Penke I guess you are interested in Apollo Global Management LLC Class A. 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 Apollo Global Management LLC Class A. 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.

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Quick analysis of Apollo (30 sec.)

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

How much money do you get?

$1.76

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$42.00

Expected worth in 1 year

$76.29

How sure are you?

82.5%

+ What do you gain per year?

Total Gains per Share

$36.05

Return On Investment

32.5%

For what price can you sell your share?

Current Price per Share

$110.91

Expected price per share

$95.10 - $117.15

How sure are you?

50%

1. Valuation of Apollo (5 min.)

Live pricePrice per Share (EOD)

$110.91

Book Value per Share

$42.00

Intrinsic Value Per Share

$-91.01 - $-56.20

Total Value Per Share

$-49.00 - $-14.20

My calculation of the intrinsic value of Apollo 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: ($0.29) 3Y: ($0.72) TTM: ($0.09)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.18) 3Y: ($-0.12) TTM: ($-2.37)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.58	$1.65	$-1.68 - $0.95
2	$-3.72	$1.41	$-4.54 - $-0.97
3	$-9.14	$-0.60	$-7.40 - $-2.90
4	$-16.57	$-4.28	$-10.26 - $-4.82
5	$-25.76	$-9.53	$-13.12 - $-6.75
6	$-36.50	$-16.26	$-15.98 - $-8.67
7	$-48.56	$-24.38	$-18.84 - $-10.60
8	$-61.78	$-33.79	$-21.69 - $-12.52
9	$-75.98	$-44.43	$-24.55 - $-14.45
10	$-91.01	$-56.20	$-27.41 - $-16.37

2. Growth of Apollo (5 min.)

Is Apollo growing?

	Current year	Previous year	Grow	Grow %
How rich?	$25.2b	$8.9b	$7.2b	44.8%

How much money is Apollo making?

	Current year	Previous year	Grow	Grow %
Making money	$1b	-$1.4b	$2.5b	228.0%
Net Profit Margin	21.0%	-83.4%	-	-

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

Quarterly Yearly

3. Financial Health of Apollo (5 min.)

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

Industry Rankings (Asset Management)

Richest
#8 / 756

Most Revenue
#8 / 756

Most Profit
#9 / 756

Most Efficient
#477 / 756

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

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

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

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

Speculation

The Price per Share of Apollo is $110.91. 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 Apollo.
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 Apollo, 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 $42.00. Based on the TTM, the Book Value Change Per Share is $8.57 per quarter. Based on the YOY, the Book Value Change Per Share is $-3.34 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 $0.44 per quarter.

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

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	4.59	4.1%	1.55	1.4%	-0.90	-0.8%	0.37	0.3%	0.24	0.2%
Usd Book Value Change Per Share	11.47	10.3%	8.57	7.7%	-3.34	-3.0%	1.88	1.7%	0.76	0.7%
Usd Dividend Per Share	0.47	0.4%	0.44	0.4%	0.41	0.4%	0.31	0.3%	0.28	0.3%
Usd Total Gains Per Share	11.94	10.8%	9.01	8.1%	-2.92	-2.6%	2.20	2.0%	1.03	0.9%
Usd Price Per Share	93.19	-	80.73	-	55.19	-	55.61	-	39.99	-
Price to Earnings Ratio	5.08	-	44.26	-	10.90	-	24.85	-	69.24	-
Price-to-Total Gains Ratio	7.81	-	52.13	-	4.16	-	56.94	-	148.51	-
Price to Book Ratio	2.22	-	3.94	-	5.74	-	5.28	-	5.34	-
Price-to-Total Gains Ratio	7.81	-	52.13	-	4.16	-	56.94	-	148.51	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	110.91
Number of shares	9

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.44	0.31
Usd Book Value Change Per Share	8.57	1.88
Usd Total Gains Per Share	9.01	2.20
Gains per Quarter (9 shares)	81.12	19.77
Gains per Year (9 shares)	324.47	79.09

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	16	309	314	11	68	69
2	32	617	638	22	136	148
3	48	926	962	34	204	227
4	64	1234	1286	45	271	306
5	79	1543	1610	56	339	385
6	95	1852	1934	67	407	464
7	111	2160	2258	79	475	543
8	127	2469	2582	90	543	622
9	143	2777	2906	101	611	701
10	159	3086	3230	112	678	780

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	33.0	7.0	0.0	82.5%	46.0	15.0	0.0	75.4%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	16.0	4.0	0.0	80.0%	26.0	14.0	0.0	65.0%	43.0	16.0	2.0	70.5%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	59.0	0.0	2.0	96.7%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	33.0	7.0	0.0	82.5%	51.0	9.0	1.0	83.6%

Fundamentals of Apollo

About Apollo Global Management LLC Class A

https://www.apollo.com
Asset Management
4879
9 West 57th Street, New York, NY, United States, 10019
Google Maps Bing Maps

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It also focuses on clean energy, sustainable industry, climate solutions, energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. It seeks to invest in companies based in across Africa, North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make in

Fundamental data was last updated by Penke on 2024-04-13 05:44:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Apollo Global Management LLC Class A.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Apollo to the Asset Management industry mean.
A Net Profit Margin of 24.8% means that $0.25 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Apollo Global Management LLC Class A:

The MRQ is 24.8%. The company is making a huge profit. +2
The TTM is 21.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	24.8%	TTM	21.0%	+3.9%
TTM	21.0%	YOY	-83.4%	+104.4%
TTM	21.0%	5Y	7.3%	+13.6%
5Y	7.3%	10Y	13.7%	-6.3%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	24.8%	62.7%	-37.9%
TTM	21.0%	61.6%	-40.6%
YOY	-83.4%	68.2%	-151.6%
5Y	7.3%	55.0%	-47.7%
10Y	13.7%	55.5%	-41.8%

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

Revenue is the amount of profit Apollo 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 Apollo 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 Apollo to the Asset Management industry mean.
Can be used to compare companies within the Asset Management industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Apollo. If profit margins remain low (compared to the Asset Management 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 Apollo is 0.25. This means that Apollo earned $0.25 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 Asset Management industry is 62.7%.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo with other companies in the same industry (Asset Management).
Net profit margin should rise over the years.
Can be influenced when Apollo sells assets (profit will increase while costs remain the same).
It won’t show what part of Apollo 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 Apollo

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 Apollo = 2,756,000
Total revenue MRQ Apollo = 11,102,000
$2,756,000 / $11,102,000 = 0.25 or 24.8%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Apollo is using its assets to generate profit.

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

Let's take a look of the Return on Assets trends of Apollo Global Management LLC Class A:

The MRQ is 0.9%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.9%	TTM	1.0%	-0.1%
TTM	1.0%	YOY	-0.4%	+1.4%
TTM	1.0%	5Y	1.0%	+0.0%
5Y	1.0%	10Y	1.0%	+0.0%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.9%	1.2%	-0.3%
TTM	1.0%	1.1%	-0.1%
YOY	-0.4%	0.7%	-1.1%
5Y	1.0%	1.6%	-0.6%
10Y	1.0%	2.2%	-1.2%

Shows how efficient Apollo 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 Apollo to the Asset Management 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 Apollo is using its resources to generate profit. If the return on assets (0.9%) from Apollo are higher than the Asset Management mean (1.2%) that means Apollo 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 Apollo is 0.9%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Asset Management industry is 1.2%.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

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

Income statement
Balance sheet

Net income MRQ (income statement) from Apollo = 2,756,000
Total assets MRQ (balance sheet) from Apollo = 313,488,000
2,756,000 / 313,488,000 = 0.01 or 0.9%

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

Above 15%-20% is considered healthy but always compare Apollo to the Asset Management industry mean.
19.6% Return on Equity means Apollo generated $0.20 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Apollo Global Management LLC Class A:

The MRQ is 19.6%. Using its investors money, the company is efficient in making profit. +1
The TTM is 13.7%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	19.6%	TTM	13.7%	+5.9%
TTM	13.7%	YOY	-22.7%	+36.4%
TTM	13.7%	5Y	1.0%	+12.7%
5Y	1.0%	10Y	3.5%	-2.5%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	19.6%	2.3%	+17.3%
TTM	13.7%	2.2%	+11.5%
YOY	-22.7%	1.5%	-24.2%
5Y	1.0%	2.8%	-1.8%
10Y	3.5%	3.4%	+0.1%

Shows how efficient Apollo 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 Apollo to the Asset Management 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 Asset Management 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 Apollo is 19.6%. This means Apollo generated $0.20 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Asset Management industry is 2.3%.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo up to 10 years back (depending if Apollo 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 Apollo

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Apollo = 2,756,000
Shareholders equity (balance sheet) MRQ Apollo = 14,044,000
2,756,000 / 14,044,000 = 0.20 or 19.6%

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

1.2. Operating Efficiency of Apollo Global Management LLC Class A.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Apollo is operating .

Measures how much profit Apollo 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 Apollo to the Asset Management industry mean.
An Operating Margin of 17.8% means the company generated $0.18 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Apollo Global Management LLC Class A:

The MRQ is 17.8%. The company is operating efficient. +1
The TTM is 22.9%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	17.8%	TTM	22.9%	-5.1%
TTM	22.9%	YOY	-119.3%	+142.1%
TTM	22.9%	5Y	9.4%	+13.5%
5Y	9.4%	10Y	25.4%	-16.0%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	17.8%	63.2%	-45.4%
TTM	22.9%	51.3%	-28.4%
YOY	-119.3%	67.0%	-186.3%
5Y	9.4%	53.1%	-43.7%
10Y	25.4%	49.3%	-23.9%

Measures how efficient Apollo 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 Apollo to the Asset Management 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 Apollo 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 Apollo is 17.8%. This means that Apollo earned $0.18 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Asset Management industry is 63.2%.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Apollo = 1,974,000
Total revenue MRQ Apollo = 11,102,000
$1,974,000 / $11,102,000 = 0.18 or 17.8%

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 Apollo is keeping operating costs low.

Below 1 is considered healthy (always compare to Asset Management industry mean).
An Operation Ratio of 0.84 means that the operating costs are $0.84 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Apollo Global Management LLC Class A:

The MRQ is 0.845. The company is less efficient in keeping operating costs low.
The TTM is 0.758. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.845	TTM	0.758	+0.086
TTM	0.758	YOY	2.123	-1.365
TTM	0.758	5Y	0.912	-0.154
5Y	0.912	10Y	0.765	+0.147

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.845	0.453	+0.392
TTM	0.758	0.521	+0.237
YOY	2.123	0.415	+1.708
5Y	0.912	0.479	+0.433
10Y	0.765	0.538	+0.227

Measures how efficient Apollo 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 Apollo to the Asset Management 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 Apollo is 84.5%. This means that Apollo earned $0.84 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 Asset Management industry is 0.45.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

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
(250,000 +9,128,000) \ 11,102,000 = 0.84

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 Apollo Global Management LLC Class A.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Asset Management industry mean).
A Current Ratio of 0.82 means the company has $0.82 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Apollo Global Management LLC Class A:

The MRQ is 0.816. The company is just not able to pay all its short-term debts. -1
The TTM is 0.814. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.816	TTM	0.814	+0.002
TTM	0.814	YOY	0.740	+0.075
TTM	0.814	5Y	1.192	-0.377
5Y	1.192	10Y	1.285	-0.093

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.816	3.038	-2.222
TTM	0.814	3.171	-2.357
YOY	0.740	3.958	-3.218
5Y	1.192	5.252	-4.060
10Y	1.285	6.628	-5.343

Measures if Apollo 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 Asset Management 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 Apollo 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 Apollo is 0.82. This means Apollo has $0.82 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 3.04.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
176,609,000 \ 216,445,000) = 0.82

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

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

Let's take a look of the Quick Ratio trends of Apollo Global Management LLC Class A:

The MRQ is 0.143. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 9.897. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.143	TTM	9.897	-9.754
TTM	9.897	YOY	1.522	+8.375
TTM	9.897	5Y	5.119	+4.778
5Y	5.119	10Y	3.296	+1.823

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.143	2.941	-2.798
TTM	9.897	3.397	+6.500
YOY	1.522	4.615	-3.093
5Y	5.119	6.449	-1.330
10Y	3.296	6.562	-3.266

1.4. Solvency of Apollo Global Management LLC Class A.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Apollo to Asset Management industry mean.
A Debt to Asset Ratio of 0.92 means that Apollo assets are financed with 91.9% credit (debt) and the remaining percentage (100% - 91.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Apollo Global Management LLC Class A:

The MRQ is 0.919. The company is just able to pay all its debts by selling its assets.
The TTM is 0.863. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.919	TTM	0.863	+0.057
TTM	0.863	YOY	0.888	-0.025
TTM	0.863	5Y	0.761	+0.102
5Y	0.761	10Y	0.713	+0.048

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.919	0.176	+0.743
TTM	0.863	0.178	+0.685
YOY	0.888	0.172	+0.716
5Y	0.761	0.186	+0.575
10Y	0.713	0.187	+0.526

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Apollo to Asset Management 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 Apollo is 0.92. This means means that Apollo is financed with 91.9% 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 Asset Management industry is 303.8%.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Apollo

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

Balance sheet
Debt to asset ratio = total debt \ total assets
288,243,000 \ 313,488,000 = 91.9% or 0.92.

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

Below 2 is considered healthy but always compare Apollo to the Asset Management industry mean.
A Debt to Equity ratio of 2,052.4% means that company has $20.52 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Apollo Global Management LLC Class A:

The MRQ is 20.524. The company is unable to pay all its debts with equity. -1
The TTM is 22.265. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	20.524	TTM	22.265	-1.741
TTM	22.265	YOY	23.032	-0.767
TTM	22.265	5Y	14.295	+7.970
5Y	14.295	10Y	9.645	+4.649

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	20.524	0.201	+20.323
TTM	22.265	0.206	+22.059
YOY	23.032	0.203	+22.829
5Y	14.295	0.245	+14.050
10Y	9.645	0.255	+9.390

Measures if Apollo 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 Apollo 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 Apollo is 20.52. This means that Apollo can pay off $20.52 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 0.20.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
288,243,000 \ 14,044,000 = 20.52 or 2,052.4%

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 Apollo Global Management LLC Class A

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 Apollo generates.

Above 15 is considered overpriced but always compare Apollo to the Asset Management industry mean.
A PE ratio of 5.08 means the investor is paying $5.08 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Apollo Global Management LLC Class A:

The EOD is 6.047. Based on the earnings, the company is cheap. +2
The MRQ is 5.080. Based on the earnings, the company is cheap. +2
The TTM is 44.262. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	6.047	MRQ	5.080	+0.966
MRQ	5.080	TTM	44.262	-39.182
TTM	44.262	YOY	10.905	+33.358
TTM	44.262	5Y	24.849	+19.413
5Y	24.849	10Y	69.239	-44.391

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	6.047	5.933	+0.114
MRQ	5.080	5.784	-0.704
TTM	44.262	6.012	+38.250
YOY	10.905	3.467	+7.438
5Y	24.849	5.825	+19.024
10Y	69.239	7.854	+61.385

Measures how much money you pay for each share for every $1 in earnings Apollo 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 Apollo to the Asset Management 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 Apollo is 5.08. This means the investor is paying $5.08 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 5.78.
What is the trend?
The trend is important because it shows you how Apollo is performing over time. The most recent quarter might be important if Apollo 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 Apollo 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 Apollo

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 \ 601,000 = EPS
PE ratio MRQ = 5.08

* 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 Apollo Global Management LLC Class A:

The EOD is -3.975. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -3.340. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -6.819. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-3.975	MRQ	-3.340	-0.635
MRQ	-3.340	TTM	-6.819	+3.479
TTM	-6.819	YOY	2.188	-9.007
TTM	-6.819	5Y	10.215	-17.035
5Y	10.215	10Y	18.623	-8.407

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	-3.975	4.982	-8.957
MRQ	-3.340	4.713	-8.053
TTM	-6.819	3.410	-10.229
YOY	2.188	1.800	+0.388
5Y	10.215	2.572	+7.643
10Y	18.623	2.494	+16.129

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Asset Management industry mean).
A PB ratio of 2.22 means the investor is paying $2.22 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Apollo Global Management LLC Class A:

The EOD is 2.640. Based on the equity, the company is underpriced. +1
The MRQ is 2.219. Based on the equity, the company is underpriced. +1
The TTM is 3.938. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	2.640	MRQ	2.219	+0.422
MRQ	2.219	TTM	3.938	-1.719
TTM	3.938	YOY	5.737	-1.799
TTM	3.938	5Y	5.279	-1.341
5Y	5.279	10Y	5.341	-0.063

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	2.640	0.933	+1.707
MRQ	2.219	0.909	+1.310
TTM	3.938	0.909	+3.029
YOY	5.737	0.970	+4.767
5Y	5.279	1.011	+4.268
10Y	5.341	1.173	+4.168

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Apollo Global Management LLC Class A.

3.1. Institutions holding Apollo Global Management LLC Class A

Institutions are holding 60.16% of the shares of Apollo Global Management LLC Class A.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	7.223	0.0836	41038114	750781	1.8636
2023-12-31	Capital World Investors	5.5751	0.525	31675300	12485	0.0394
2023-12-31	BlackRock Inc	4.7429	0.064	26947510	265201	0.9939
2023-12-31	Tiger Technology Management LLC	2.1623	8.1466	12285193	0	0
2023-12-31	FMR Inc	2.0691	0.0842	11755813	1807359	18.1672
2023-12-31	Capital Research & Mgmt Co - Division 3	1.8965	0.2251	10775413	218566	2.0704
2023-12-31	State Street Corporation	1.8149	0.0467	10311588	514333	5.2498
2023-12-31	ClearBridge Advisors, LLC	1.5131	0.6893	8596740	-310988	-3.4912
2023-12-31	T. Rowe Price Associates, Inc.	1.2756	0.0908	7247502	-1099190	-13.1692
2023-12-31	Morgan Stanley - Brokerage Accounts	1.2079	0.0564	6862587	196942	2.9546
2023-09-30	Brave Warrior Advisors LLC	1.1951	15.2158	6790296	-1084087	-13.7673
2023-12-31	Geode Capital Management, LLC	1.1939	0.066	6783106	322535	4.9924
2023-12-31	NORGES BANK	1.1068	0.1024	6288399	1081839	20.7784
2023-12-31	Putnam Investments LLC	1.0453	0.7308	5939220	164400	2.8468
2023-12-31	Goldman Sachs Group Inc	0.8939	0.0425	5078538	2644508	108.6473
2023-12-31	Millennium Management LLC	0.7371	0.1689	4188001	2282408	119.7742
2023-12-31	Legal & General Group PLC	0.7255	0.0986	4122048	322007	8.4738
2023-09-30	EdgePoint Investment Group, Inc.	0.7175	3.495	4076837	-460738	-10.1538
2023-12-31	Mariner Wealth Advisors, LLC	0.6427	0.807	3651552	3210	0.088
2023-12-31	Select Equity Group LP	0.6185	1.1657	3514248	-451900	-11.3939
Total		38.3567	31.9044	217928005	+7179671	+3.3%

3.2. Funds holding Apollo Global Management LLC Class A

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.1956	0.09	12474597	-27388	-0.2191
2023-12-31	Capital Group Fundamental Invtrs Comp	1.9246	0.8149	10934978	190000	1.7683
2023-12-31	American Funds Fundamental Invs A	1.9246	0.8149	10934978	190000	1.7683
2024-02-29	Vanguard Mid Cap Index Institutional	1.5626	0.6198	8877936	-23483	-0.2638
2023-12-31	Capital Group Growth Fnd of Amer Comp	1.2687	0.2698	7208457	-210848	-2.8419
2023-12-31	American Funds Growth Fund of Amer A	1.2687	0.2698	7208457	-210848	-2.8419
2023-12-31	Capital Group Wash Mutual Invtrs Comp	1.2497	0.3934	7100226	0	0
2023-12-31	American Funds Washington Mutual A	1.2497	0.3934	7100226	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.1384	0.7086	6467902	25334	0.3932
2023-12-31	American Funds Income Fund of Amer A	1.0412	0.46	5915679	0	0
2023-12-31	American Funds American Balanced A	0.8702	0.218	4944116	0	0
2024-02-29	Vanguard Growth Index Investor	0.6499	0.1857	3692753	32555	0.8894
2023-12-31	ClearBridge Dividend Strategy A	0.5827	4.0819	3310754	-31800	-0.9514
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5611	0.8532	3187998	66600	2.1337
2024-02-29	Vanguard Mid-Cap Growth ETF	0.5016	1.3171	2850116	16951	0.5983
2023-12-31	Putnam Large Cap Value A	0.4853	1.1452	2757498	55476	2.0531
2023-12-31	Putnam US Large Cap Value Equity	0.4853	1.2022	2757498	55476	2.0531
2024-01-31	ClearBridge Dividend Strategy	0.4794	3.5939	2723754	-587000	-17.7301
2023-12-31	American Funds IS® Asset Allocation 1	0.463	0.9544	2630627	0	0
2024-01-31	Fidelity Extended Market Index	0.4299	0.6846	2442327	32235	1.3375
Total		20.3322	19.0708	115520877	-426740	-0.4%

3.3. Insider Transactions

Insiders are holding 27.331% of the shares of Apollo Global Management LLC Class A.

Date	Owner	Type	Amount	Price
2024-03-19	Leon D Black	SELL	450000	110.71
2024-02-24	Leon D Black	SELL	300000	111.51
2024-02-22	Leon D Black	SELL	500000	111.44
2024-02-20	Whitney Chatterjee	SELL	12000	111.1
2024-02-12	James C Zelter	SELL	150000	109.16
2024-02-12	Martin Kelly	SELL	14000	109.09
2023-11-28	James C Zelter	SELL	70000	90.85
2023-11-17	James C Zelter	SELL	87500	86.16
2023-11-03	A B Krongard	BUY	1009	85.95
2023-11-03	Martin Kelly	SELL	20000	86.08
2023-07-13	James C Zelter	SELL	60779	79.22
2023-07-11	James C Zelter	SELL	35777	77.93
2023-07-03	James C Zelter	SELL	3010	77.51
2023-06-30	James C Zelter	SELL	11093	77.53
2023-06-15	James C Zelter	SELL	300	77.5
2023-05-30	Joshua Harris	SELL	300000	66.44
2023-05-25	Joshua Harris	SELL	212142	64.29
2023-05-22	Joshua Harris	SELL	332539	65.51
2023-05-19	Joshua Harris	SELL	5487	64.04
2023-05-17	Joshua Harris	SELL	141630	63.75

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Apollo Global Management LLC Class A 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	-	-	11.468	8.572	+34%	-3.335	+129%	1.884	+509%	0.756	+1417%
Book Value Per Share	-	-	42.005	27.584	+52%	15.296	+175%	14.719	+185%	10.150	+314%
Current Ratio	-	-	0.816	0.814	+0%	0.740	+10%	1.192	-32%	1.285	-37%
Debt To Asset Ratio	-	-	0.919	0.863	+7%	0.888	+4%	0.761	+21%	0.713	+29%
Debt To Equity Ratio	-	-	20.524	22.265	-8%	23.032	-11%	14.295	+44%	9.645	+113%
Dividend Per Share	-	-	0.468	0.441	+6%	0.411	+14%	0.312	+50%	0.278	+68%
Eps	-	-	4.586	1.555	+195%	-0.900	+120%	0.368	+1147%	0.241	+1804%
Free Cash Flow Per Share	-	-	-6.975	0.091	-7798%	1.628	-529%	0.376	-1956%	0.294	-2474%
Free Cash Flow To Equity Per Share	-	-	17.622	17.750	-1%	13.900	+27%	6.675	+164%	3.358	+425%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-56.202	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-91.008	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.648	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.577	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.597	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-9.143	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-9.531	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-25.764	-	-	-	-	-	-	-	-
Market Cap	63014739171.840	+11%	56007190000.000	47332976614.520	+18%	32266939750.000	+74%	32068824058.056	+75%	22959726750.564	+144%
Net Profit Margin	-	-	0.248	0.210	+18%	-0.834	+436%	0.073	+238%	0.137	+82%
Operating Margin	-	-	0.178	0.229	-22%	-1.193	+771%	0.094	+90%	0.254	-30%
Operating Ratio	-	-	0.845	0.758	+11%	2.123	-60%	0.912	-7%	0.765	+10%
Pb Ratio	2.640	+16%	2.219	3.938	-44%	5.737	-61%	5.279	-58%	5.341	-58%
Pe Ratio	6.047	+16%	5.080	44.262	-89%	10.905	-53%	24.849	-80%	69.239	-93%
Price Per Share	110.910	+16%	93.190	80.730	+15%	55.190	+69%	55.607	+68%	39.993	+133%
Price To Free Cash Flow Ratio	-3.975	-19%	-3.340	-6.819	+104%	2.188	-253%	10.215	-133%	18.623	-118%
Price To Total Gains Ratio	9.293	+16%	7.808	52.128	-85%	4.158	+88%	56.944	-86%	148.505	-95%
Quick Ratio	-	-	0.143	9.897	-99%	1.522	-91%	5.119	-97%	3.296	-96%
Return On Assets	-	-	0.009	0.010	-11%	-0.004	+147%	0.010	-10%	0.010	-9%
Return On Equity	-	-	0.196	0.137	+43%	-0.227	+216%	0.010	+1852%	0.035	+455%
Total Gains Per Share	-	-	11.935	9.013	+32%	-2.924	+124%	2.197	+443%	1.033	+1055%
Usd Book Value	-	-	25245000000.000	16210967500.000	+56%	8955975250.000	+182%	8523700850.000	+196%	5847297075.000	+332%
Usd Book Value Change Per Share	-	-	11.468	8.572	+34%	-3.335	+129%	1.884	+509%	0.756	+1417%
Usd Book Value Per Share	-	-	42.005	27.584	+52%	15.296	+175%	14.719	+185%	10.150	+314%
Usd Dividend Per Share	-	-	0.468	0.441	+6%	0.411	+14%	0.312	+50%	0.278	+68%
Usd Eps	-	-	4.586	1.555	+195%	-0.900	+120%	0.368	+1147%	0.241	+1804%
Usd Free Cash Flow	-	-	-4192000000.000	16500000.000	-25506%	947250000.000	-543%	211075750.000	-2086%	165681750.000	-2630%
Usd Free Cash Flow Per Share	-	-	-6.975	0.091	-7798%	1.628	-529%	0.376	-1956%	0.294	-2474%
Usd Free Cash Flow To Equity Per Share	-	-	17.622	17.750	-1%	13.900	+27%	6.675	+164%	3.358	+425%
Usd Market Cap	63014739171.840	+11%	56007190000.000	47332976614.520	+18%	32266939750.000	+74%	32068824058.056	+75%	22959726750.564	+144%
Usd Price Per Share	110.910	+16%	93.190	80.730	+15%	55.190	+69%	55.607	+68%	39.993	+133%
Usd Profit	-	-	2756000000.000	1097372250.000	+151%	-1405162000.000	+151%	80356950.000	+3330%	73286075.000	+3661%
Usd Revenue	-	-	11102000000.000	7160622250.000	+55%	1699711250.000	+553%	2333940000.000	+376%	1373199225.000	+708%
Usd Total Gains Per Share	-	-	11.935	9.013	+32%	-2.924	+124%	2.197	+443%	1.033	+1055%
	EOD	+5 -3	MRQ	TTM	+22 -13	YOY	+29 -6	5Y	+25 -10	10Y	+23 -12

4.2. Fundamental Score

Let's check the fundamental score of Apollo Global Management LLC Class A based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.047
Price to Book Ratio (EOD)	Between	0-1	2.640
Net Profit Margin (MRQ)	Greater than	0	0.248
Operating Margin (MRQ)	Greater than	0	0.178
Quick Ratio (MRQ)	Greater than	1	0.143
Current Ratio (MRQ)	Greater than	1	0.816
Debt to Asset Ratio (MRQ)	Less than	1	0.919
Debt to Equity Ratio (MRQ)	Less than	1	20.524
Return on Equity (MRQ)	Greater than	0.15	0.196
Return on Assets (MRQ)	Greater than	0.05	0.009
Total			5/10 (50.0%)

Create your own Stock Scanner

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

Let's check the technical score of Apollo Global Management LLC Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.782
Ma 20	Greater than	Ma 50	111.207
Ma 50	Greater than	Ma 100	111.201
Ma 100	Greater than	Ma 200	104.402
Open	Greater than	Close	112.810
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Long-term Assets Other	1,206,065	37,866	1,243,931	23,664,483	24,908,414	1,895,586	26,804,000	-154,180,000	-127,376,000
Minority Interest	1,571,086	-1,435,980	135,106	16,366	151,472	-109,472	42,000	-867,000	-825,000
Depreciation and Amortization	446,000	-281,000	165,000	15,000	180,000	61,000	241,000	-1,066,000	-825,000
Tax Provision	211,000	42,000	253,000	-52,000	201,000	42,000	243,000	-1,863,000	-1,620,000
Income Tax Expense	22,069	39,403	61,472	139,528	201,000	42,000	243,000	-1,992,000	-1,749,000

Latest Balance Sheet

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

Summary

Total Assets	313,488,000
Total Liabilities	288,243,000
Total Stockholder Equity	14,044,000

	As reported
Total Liabilities	288,243,000
Total Stockholder Equity	+ 14,044,000
Total Assets	= 313,488,000

Assets

Total Assets	313,488,000
Total Current Assets	176,609,000
Long-term Assets	136,879,000

Total Current Assets

Total Current Assets (as reported)	176,609,000
Cash And Cash Equivalents	17,691,000
Short-term Investments	2,235,000
Net Receivables	8,757,000
Total Current Assets (calculated)	28,683,000
+/-	147,926,000

Long-term Assets

Long-term Assets (as reported)	136,879,000
Goodwill	4,329,000
Long Term Investments	106,702,000
Long-term Assets Other	-127,376,000
Long-term Assets (calculated)	-16,345,000
+/-	153,224,000

Liabilities & Shareholders' Equity

Total Current Liabilities	216,445,000
Long-term Liabilities	71,798,000
Total Stockholder Equity	14,044,000

Total Current Liabilities

Total Current Liabilities (as reported)	216,445,000
Short-term Debt	512,000
Short Long Term Debt	31,000
Accounts payable	3,338,000
Other Current Liabilities	7,925,000
Total Current Liabilities (calculated)	11,806,000
+/-	204,639,000

Long-term Liabilities

Long-term Liabilities (as reported)	71,798,000
Long term Debt	8,061,000
Long-term Liabilities Other	10,450,000
Long-term Liabilities (calculated)	18,511,000
+/-	53,287,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	14,044,000
Common Stock	1,388,000
Retained Earnings	2,972,000
Accumulated Other Comprehensive Income	-5,575,000
Other Stockholders Equity	13,861,000
Total Stockholder Equity (calculated)	12,646,000
+/-	1,398,000

Other

Capital Stock	1,398,000
Cash and Short Term Investments	19,926,000
Common Stock Shares Outstanding	601,000
Current Deferred Revenue	204,670,000
Liabilities and Stockholders Equity	313,488,000
Net Debt	-9,599,000
Net Invested Capital	20,738,000
Net Working Capital	-39,836,000
Short Long Term Debt Total	8,092,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2008-12-31

2008-09-30

2008-03-31

2007-03-31

> Total Assets

0
4,637,060
0
2,474,532
0
3,075,727
3,385,197
0
4,974,048
5,282,124
6,552,372
6,515,039
7,389,727
5,330,771
7,975,873
9,100,674
19,232,157
19,569,404
20,636,858
21,289,337
20,620,024
22,148,374
22,477,981
22,912,382
22,447,391
24,097,605
23,178,837
23,647,801
4,901,700
4,818,050
4,559,808
4,360,767
5,162,231
5,490,215
5,629,553
6,261,563
6,221,920
6,860,354
6,991,070
6,948,497
6,639,013
6,972,158
5,991,654
6,721,500
7,348,244
8,064,304
8,542,117
16,322,797
17,958,408
18,627,870
23,669,084
27,410,138
27,541,346
28,290,642
30,501,894
261,555,000
247,850,000
250,340,000
13,793,947
13,368,661
281,984,000
283,235,000
313,488,000

313,488,000

283,235,000

281,984,000

13,368,661

13,793,947

250,340,000

247,850,000

261,555,000

30,501,894

28,290,642

27,541,346

27,410,138

23,669,084

18,627,870

17,958,408

16,322,797

8,542,117

8,064,304

7,348,244

6,721,500

5,991,654

6,972,158

6,639,013

6,948,497

6,991,070

6,860,354

6,221,920

6,261,563

5,629,553

5,490,215

5,162,231

4,360,767

4,559,808

4,818,050

4,901,700

23,647,801

23,178,837

24,097,605

22,447,391

22,912,382

22,477,981

22,148,374

20,620,024

21,289,337

20,636,858

19,569,404

19,232,157

9,100,674

7,975,873

5,330,771

7,389,727

6,515,039

6,552,372

5,282,124

4,974,048

3,385,197

3,075,727

2,474,532

4,637,060

> Total Current Assets

0
3,829,412
0
1,568,120
0
2,221,051
2,544,731
0
4,154,528
4,492,011
5,787,742
5,768,079
6,643,295
4,552,111
7,189,170
8,320,789
18,373,228
18,735,969
19,817,683
5,369,142
4,953,369
4,742,017
4,821,003
4,505,221
4,528,540
4,000,718
3,551,096
2,781,292
2,045,406
1,828,907
1,624,549
1,340,198
2,005,824
2,280,745
2,455,537
2,827,871
2,683,039
2,854,770
3,181,532
1,586,563
1,672,923
1,431,170
1,188,330
1,152,296
1,554,185
1,839,754
1,993,464
2,034,803
2,278,336
3,251,592
3,023,763
3,967,144
4,690,956
4,417,218
2,118,894
120,195,000
118,617,000
119,123,000
3,084,695
3,213,889
148,894,000
150,707,000
176,609,000

176,609,000

150,707,000

148,894,000

3,213,889

3,084,695

119,123,000

118,617,000

120,195,000

2,118,894

4,417,218

4,690,956

3,967,144

3,023,763

3,251,592

2,278,336

2,034,803

1,993,464

1,839,754

1,554,185

1,152,296

1,188,330

1,431,170

1,672,923

1,586,563

3,181,532

2,854,770

2,683,039

2,827,871

2,455,537

2,280,745

2,005,824

1,340,198

1,624,549

1,828,907

2,045,406

2,781,292

3,551,096

4,000,718

4,528,540

4,505,221

4,821,003

4,742,017

4,953,369

5,369,142

19,817,683

18,735,969

18,373,228

8,320,789

7,189,170

4,552,111

6,643,295

5,768,079

5,787,742

4,492,011

4,154,528

2,544,731

2,221,051

1,568,120

3,829,412

Cash And Cash Equivalents

0
898,106
0
381,367
0
489,025
366,226
0
483,503
590,171
469,825
459,844
1,032,012
840,603
912,221
913,351
1,984,721
2,336,639
2,628,921
2,619,599
2,720,988
2,162,342
2,174,707
2,184,099
2,285,024
2,314,893
2,294,615
1,600,923
921,641
869,192
674,115
582,536
892,242
986,435
854,982
1,152,184
1,125,203
985,269
844,185
1,063,085
1,152,108
907,869
659,418
767,894
1,012,810
1,284,616
1,556,202
1,276,881
1,611,585
2,644,175
2,448,823
2,725,882
2,630,448
2,762,816
917,183
10,562,000
13,064,000
11,515,000
1,310,313
1,377,564
12,311,000
12,935,000
17,691,000

17,691,000

12,935,000

12,311,000

1,377,564

1,310,313

11,515,000

13,064,000

10,562,000

917,183

2,762,816

2,630,448

2,725,882

2,448,823

2,644,175

1,611,585

1,276,881

1,556,202

1,284,616

1,012,810

767,894

659,418

907,869

1,152,108

1,063,085

844,185

985,269

1,125,203

1,152,184

854,982

986,435

892,242

582,536

674,115

869,192

921,641

1,600,923

2,294,615

2,314,893

2,285,024

2,184,099

2,174,707

2,162,342

2,720,988

2,619,599

2,628,921

2,336,639

1,984,721

913,351

912,221

840,603

1,032,012

459,844

469,825

590,171

483,503

366,226

489,025

381,367

898,106

Short-term Investments

0
2,037,065
0
958,645
0
1,425,010
1,554,155
0
1,630,877
1,722,662
3,263,164
2,145,515
3,251,564
2,878,636
5,159,431
5,764,808
14,493,254
14,115,914
14,827,631
14,827,631
8,356
9,093
9,199
9,244
7,646
7,520
6,353
6,247
6,397
5,431
5,700
5,356
5,269
4,776
4,680
4,946
1,049,529
198,900
364,649
225,510
1,182,771
390,448
392,932
707,316
713,061
551,681
554,387
864,749
764,923
9,900,593
14,133,001
15,403,434
13,659,631
14,005,354
14,737,051
107,394,000
103,699,000
105,457,000
5,582,000
122,786,000
133,607,000
135,772,000
2,235,000

2,235,000

135,772,000

133,607,000

122,786,000

5,582,000

105,457,000

103,699,000

107,394,000

14,737,051

14,005,354

13,659,631

15,403,434

14,133,001

9,900,593

764,923

864,749

554,387

551,681

713,061

707,316

392,932

390,448

1,182,771

225,510

364,649

198,900

1,049,529

4,946

4,680

4,776

5,269

5,356

5,700

5,431

6,397

6,247

6,353

7,520

7,646

9,244

9,199

9,093

8,356

14,827,631

14,115,914

14,493,254

5,764,808

5,159,431

2,878,636

3,251,564

2,145,515

3,263,164

1,722,662

1,630,877

1,554,155

1,425,010

958,645

2,037,065

Net Receivables

0
890,873
0
222,264
0
300,284
617,532
0
529,275
846,293
2,011,436
2,360,906
2,334,578
808,811
1,045,322
1,569,612
1,550,409
1,900,346
2,051,568
2,741,134
2,224,025
2,570,582
2,620,817
2,311,878
2,235,870
1,678,305
1,217,255
1,174,122
1,117,368
954,284
896,313
752,306
1,108,313
1,289,534
1,517,575
1,670,741
1,552,813
1,865,336
2,143,930
345,439
343,214
352,333
395,364
380,952
471,368
487,538
417,483
695,284
539,628
545,545
510,593
466,057
467,445
540,294
493,826
367,000
408,000
430,000
726,253
775,115
503,000
508,000
8,757,000

8,757,000

508,000

503,000

775,115

726,253

430,000

408,000

367,000

493,826

540,294

467,445

466,057

510,593

545,545

539,628

695,284

417,483

487,538

471,368

380,952

395,364

352,333

343,214

345,439

2,143,930

1,865,336

1,552,813

1,670,741

1,517,575

1,289,534

1,108,313

752,306

896,313

954,284

1,117,368

1,174,122

1,217,255

1,678,305

2,235,870

2,311,878

2,620,817

2,570,582

2,224,025

2,741,134

2,051,568

1,900,346

1,550,409

1,569,612

1,045,322

808,811

2,334,578

2,360,906

2,011,436

846,293

529,275

617,532

300,284

222,264

890,873

Other Current Assets

0
3,368
0
5,844
0
6,732
6,818
0
1,504,413
1,326,308
36,754
795,173
17,877
15,710
57,855
60,311
332,127
373,445
299,978
8,409
8,356
9,093
25,479
9,244
7,646
7,520
39,226
6,247
6,397
5,431
54,121
5,356
5,269
4,776
82,980
4,946
5,023
-194,735
-171,232
-47,471
177,601
-219,480
-259,384
-648,202
-643,054
-484,081
-479,419
-802,111
-637,800
61,872
64,347
775,205
1,593,063
1,114,108
765,650
1,872,000
1,446,000
1,721,000
-17,648,000
-23,671,000
-20,823,000
-19,880,000
-28,683,000

-28,683,000

-19,880,000

-20,823,000

-23,671,000

-17,648,000

1,721,000

1,446,000

1,872,000

765,650

1,114,108

1,593,063

775,205

64,347

61,872

-637,800

-802,111

-479,419

-484,081

-643,054

-648,202

-259,384

-219,480

177,601

-47,471

-171,232

-194,735

5,023

4,946

82,980

4,776

5,269

5,356

54,121

5,431

6,397

6,247

39,226

7,520

7,646

9,244

25,479

9,093

8,356

8,409

299,978

373,445

332,127

60,311

57,855

15,710

17,877

795,173

36,754

1,326,308

1,504,413

6,818

6,732

5,844

3,368

> Long-term Assets

0
807,648
0
906,412
0
854,676
840,466
0
819,520
790,113
764,630
746,960
746,432
778,660
786,703
779,885
858,929
833,435
819,175
15,920,195
15,666,655
17,406,357
17,656,978
18,407,161
17,918,851
20,096,887
19,627,741
20,866,509
2,856,294
2,989,143
2,935,259
3,020,569
3,156,407
3,209,470
3,174,016
3,433,692
3,538,881
4,005,584
3,809,538
5,361,934
4,966,090
5,540,988
4,803,324
5,569,204
5,794,059
6,224,550
6,548,653
14,287,994
15,680,072
15,376,278
20,645,321
23,442,994
22,850,390
23,873,424
28,383,000
141,360,000
129,233,000
131,217,000
10,709,252
10,154,772
133,090,000
132,528,000
136,879,000

136,879,000

132,528,000

133,090,000

10,154,772

10,709,252

131,217,000

129,233,000

141,360,000

28,383,000

23,873,424

22,850,390

23,442,994

20,645,321

15,376,278

15,680,072

14,287,994

6,548,653

6,224,550

5,794,059

5,569,204

4,803,324

5,540,988

4,966,090

5,361,934

3,809,538

4,005,584

3,538,881

3,433,692

3,174,016

3,209,470

3,156,407

3,020,569

2,935,259

2,989,143

2,856,294

20,866,509

19,627,741

20,096,887

17,918,851

18,407,161

17,656,978

17,406,357

15,666,655

15,920,195

819,175

833,435

858,929

779,885

786,703

778,660

746,432

746,960

764,630

790,113

819,520

840,466

854,676

906,412

807,648

Property Plant Equipment

0
20,831
0
68,063
0
68,812
67,794
0
63,703
62,526
44,696
42,566
50,500
54,343
52,683
50,811
50,980
53,916
53,452
51,933
50,945
49,510
40,251
39,128
37,781
36,773
35,906
36,074
34,813
32,975
31,636
0
0
0
25,154
0
0
0
19,184
18,460
18,253
19,297
19,990
102,845
120,575
216,720
190,696
241,212
375,640
374,528
375,130
373,337
444,847
474,246
450,531
0
822,326
0
590,732
623,779
954,735
0
0

954,735

623,779

590,732

822,326

450,531

474,246

444,847

373,337

375,130

374,528

375,640

241,212

190,696

216,720

120,575

102,845

19,990

19,297

18,253

18,460

19,184

25,154

31,636

32,975

34,813

36,074

35,906

36,773

37,781

39,128

40,251

49,510

50,945

51,933

53,452

53,916

50,980

50,811

52,683

54,343

50,500

42,566

44,696

62,526

63,703

67,794

68,812

68,063

20,831

Goodwill

0
47,897
0
47,897
0
47,897
47,897
0
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
48,894
49,243
49,243
49,243
49,243
49,243
49,243
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
88,852
93,911
93,911
116,958
116,958
116,958
116,958
116,958
116,958
116,958
4,312,000
4,417,000
4,322,000
263,744
263,744
4,329,000
4,324,000
4,329,000

4,329,000

4,324,000

4,329,000

263,744

4,322,000

4,417,000

4,312,000

116,958

93,911

88,852

49,243

48,894

47,897

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
2,181,439
1,764,034
0
0
0
0
2,138,096
2,155,995
0
2,190,241
2,393,883
2,640,676
2,882,683
2,868,324
2,880,006
0
973,835
1,097,619
1,154,749
1,133,559
1,324,552
1,390,998
1,494,744
1,575,687
1,576,839
1,906,964
2,095,553
3,424,195
3,230,588
3,805,613
3,115,544
3,653,403
3,933,011
4,024,590
4,823,028
3,369,425
3,346,435
3,977,069
4,995,411
6,700,817
21,570,150
7,986,606
9,666,475
6,970,485
100,245,000
6,090,938
5,644,167
5,650,246
5,549,629
101,400,000
106,702,000

106,702,000

101,400,000

5,549,629

5,650,246

5,644,167

6,090,938

100,245,000

6,970,485

9,666,475

7,986,606

21,570,150

6,700,817

4,995,411

3,977,069

3,346,435

3,369,425

4,823,028

4,024,590

3,933,011

3,653,403

3,115,544

3,805,613

3,230,588

3,424,195

2,095,553

1,906,964

1,576,839

1,575,687

1,494,744

1,390,998

1,324,552

1,133,559

1,154,749

1,097,619

973,835

2,880,006

2,868,324

2,882,683

2,640,676

2,393,883

2,190,241

2,155,995

2,138,096

1,764,034

2,181,439

Intangible Assets

0
91,218
0
81,728
0
72,227
69,051
0
62,700
59,691
64,574
61,321
56,937
53,319
81,846
75,790
163,740
151,427
137,856
126,112
114,809
104,662
94,927
85,816
77,222
68,628
60,039
51,672
44,789
36,219
28,620
28,132
26,372
24,693
22,721
21,006
19,754
19,153
18,842
17,861
17,306
18,877
18,899
19,373
19,323
19,945
20,615
21,329
24,222
25,161
23,586
22,656
20,584
16,458
14,846
0
6,603,000
6,603,000
179,215
5,428,000
168,435
5,428,000
0

5,428,000

168,435

5,428,000

179,215

6,603,000

14,846

16,458

20,584

22,656

23,586

25,161

24,222

21,329

20,615

19,945

19,323

19,373

18,899

18,877

17,306

17,861

18,842

19,153

19,754

21,006

22,721

24,693

26,372

28,132

28,620

36,219

44,789

51,672

60,039

68,628

77,222

85,816

94,927

104,662

114,809

126,112

137,856

151,427

163,740

75,790

81,846

53,319

56,937

61,321

64,574

59,691

62,700

69,051

72,227

81,728

91,218

Other Assets

0
0
0
0
0
0
2,317,833
0
0
0
4,005,883
3,580,709
3,965,373
3,618,663
5,934,570
6,554,193
15,633,330
15,268,878
15,866,196
15,868,262
15,615,710
17,356,847
17,623,140
18,368,033
17,881,070
20,060,114
19,591,835
20,830,435
2,821,481
2,956,168
2,903,623
3,020,569
3,156,407
3,209,470
3,148,862
3,433,692
3,538,881
3,806,684
3,790,354
426,326
428,027
405,844
383,974
295,057
351,148
592,840
675,131
1,122,188
1,012,684
981,846
15,403,793
825,776
697,851
28,290,642
1,132,017
425,080,000
77,992,000
81,015,000
79,798,000
173,654,000
2,473,000
1,492,000
313,617,000

313,617,000

1,492,000

2,473,000

173,654,000

79,798,000

81,015,000

77,992,000

425,080,000

1,132,017

28,290,642

697,851

825,776

15,403,793

981,846

1,012,684

1,122,188

675,131

592,840

351,148

295,057

383,974

405,844

428,027

426,326

3,790,354

3,806,684

3,538,881

3,433,692

3,148,862

3,209,470

3,156,407

3,020,569

2,903,623

2,956,168

2,821,481

20,830,435

19,591,835

20,060,114

17,881,070

18,368,033

17,623,140

17,356,847

15,615,710

15,868,262

15,866,196

15,268,878

15,633,330

6,554,193

5,934,570

3,618,663

3,965,373

3,580,709

4,005,883

2,317,833

> Total Liabilities

0
2,482,864
0
2,148,747
0
2,070,874
2,086,087
0
3,117,223
3,119,390
3,470,953
3,267,372
3,684,683
3,177,148
5,327,552
6,115,600
14,311,814
14,577,035
14,933,475
15,113,636
14,382,972
15,762,872
15,789,259
16,125,460
15,780,213
17,928,695
17,235,376
17,849,028
3,302,740
3,298,627
3,170,827
3,173,773
3,647,520
3,879,350
3,762,025
3,913,772
3,868,732
4,268,371
4,093,274
4,041,741
3,817,036
3,978,329
3,539,814
4,279,260
4,807,254
5,221,871
5,503,990
12,823,763
13,716,471
14,438,866
17,373,119
18,511,267
17,912,200
18,066,543
18,537,494
241,277,000
239,689,000
247,454,000
9,295,046
8,771,791
264,657,000
265,560,000
288,243,000

288,243,000

265,560,000

264,657,000

8,771,791

9,295,046

247,454,000

239,689,000

241,277,000

18,537,494

18,066,543

17,912,200

18,511,267

17,373,119

14,438,866

13,716,471

12,823,763

5,503,990

5,221,871

4,807,254

4,279,260

3,539,814

3,978,329

3,817,036

4,041,741

4,093,274

4,268,371

3,868,732

3,913,772

3,762,025

3,879,350

3,647,520

3,173,773

3,170,827

3,298,627

3,302,740

17,849,028

17,235,376

17,928,695

15,780,213

16,125,460

15,789,259

15,762,872

14,382,972

15,113,636

14,933,475

14,577,035

14,311,814

6,115,600

5,327,552

3,177,148

3,684,683

3,267,372

3,470,953

3,119,390

3,117,223

2,086,087

2,070,874

2,148,747

2,482,864

> Total Current Liabilities

0
1,028,765
0
1,069,907
0
983,381
936,349
0
913,684
986,541
1,533,008
871,404
1,646,525
1,257,688
1,243,885
1,443,225
1,704,276
1,896,556
1,681,794
2,673,341
2,529,877
2,655,030
2,657,765
2,606,900
2,372,280
2,247,815
1,782,911
1,823,848
1,716,511
1,741,812
1,690,797
1,677,250
1,648,140
1,814,276
1,782,706
1,839,989
1,738,304
1,958,214
1,748,172
1,426,240
1,324,843
1,433,767
1,130,910
1,179,799
1,250,389
1,537,509
1,439,059
1,945,035
1,419,001
1,681,546
1,642,027
2,154,250
2,217,539
2,586,058
2,931,796
175,806,000
174,601,000
177,997,000
3,330,429
3,411,929
198,415,000
201,283,000
216,445,000

216,445,000

201,283,000

198,415,000

3,411,929

3,330,429

177,997,000

174,601,000

175,806,000

2,931,796

2,586,058

2,217,539

2,154,250

1,642,027

1,681,546

1,419,001

1,945,035

1,439,059

1,537,509

1,250,389

1,179,799

1,130,910

1,433,767

1,324,843

1,426,240

1,748,172

1,958,214

1,738,304

1,839,989

1,782,706

1,814,276

1,648,140

1,677,250

1,690,797

1,741,812

1,716,511

1,823,848

1,782,911

2,247,815

2,372,280

2,606,900

2,657,765

2,655,030

2,529,877

2,673,341

1,681,794

1,896,556

1,704,276

1,443,225

1,243,885

1,257,688

1,646,525

871,404

1,533,008

986,541

913,684

936,349

983,381

1,069,907

1,028,765

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
728,273
728,273
728,273
750,000
750,000
500,000
516,919
534,956
531,010
532,180
532,295
530,700
551,295
365,126
365,913
362,074
362,909
367,489
369,797
370,864
73,043
69,196
72,258
71,359
69,793
70,754
67,801
54,466
36,604
37,270
38,887
40,530
38,919
39,337
38,410
37,732
37,000
35,000
33,000
50,000
34,000
33,000
31,000
512,000

512,000

31,000

33,000

34,000

50,000

33,000

35,000

37,000

37,732

38,410

39,337

38,919

40,530

38,887

37,270

36,604

54,466

67,801

70,754

69,793

71,359

72,258

69,196

73,043

370,864

369,797

367,489

362,909

362,074

365,913

365,126

551,295

530,700

532,295

532,180

531,010

534,956

516,919

500,000

750,000

728,273

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,151,065
0
0
0
1,826,525
0
0
0
2,140,159
2,151,661
2,244,286
2,335,115
2,366,002
2,389,535
2,238,928
0
0
0
0
67,801
72,387
72,995
74,323
77,546
80,823
38,919
39,337
38,410
37,732
37,000
35,000
33,000
35,000
34,000
33,000
31,000
31,000

31,000

33,000

34,000

35,000

33,000

35,000

37,000

37,732

38,410

39,337

38,919

80,823

77,546

74,323

72,995

72,387

67,801

2,238,928

2,389,535

2,366,002

2,335,115

2,244,286

2,151,661

2,140,159

1,826,525

15,151,065

Accounts payable

0
662,742
0
48,891
0
546,113
548,593
0
33,095
568,162
517,645
537,648
864,579
309,051
578,764
605,196
713,476
872,494
38,337
42,801
49,986
53,278
40,675
78,640
61,359
76,080
48,336
49,030
50,811
59,349
92,012
98,661
116,814
116,277
57,465
72,170
60,094
79,062
68,873
81,548
74,466
82,008
70,878
83,766
89,776
96,820
94,364
100,229
119,934
143,664
119,982
130,691
141,688
209,312
145,054
3,208,000
2,937,000
3,032,000
167,764
185,285
3,286,000
3,657,000
3,338,000

3,338,000

3,657,000

3,286,000

185,285

167,764

3,032,000

2,937,000

3,208,000

145,054

209,312

141,688

130,691

119,982

143,664

119,934

100,229

94,364

96,820

89,776

83,766

70,878

82,008

74,466

81,548

68,873

79,062

60,094

72,170

57,465

116,277

116,814

98,661

92,012

59,349

50,811

49,030

48,336

76,080

61,359

78,640

40,675

53,278

49,986

42,801

38,337

872,494

713,476

605,196

578,764

309,051

864,579

537,648

517,645

568,162

33,095

548,593

546,113

48,891

662,742

Other Current Liabilities

0
87,211
0
656,115
0
88,932
66,332
0
609,274
126,791
763,888
603,556
540,343
690,972
432,374
567,970
710,102
751,525
1,391,300
1,593,219
1,455,163
1,606,401
1,587,611
1,441,140
1,538,194
1,338,639
1,000,005
1,023,143
958,162
948,989
890,210
851,758
1,007,739
1,127,570
1,188,274
1,233,643
1,194,626
1,354,274
1,180,289
1,126,367
1,071,999
1,097,456
877,576
842,782
997,585
1,200,731
1,205,590
1,680,115
1,198,641
1,378,920
1,451,146
1,858,608
1,961,568
2,163,132
2,629,322
8,192,000
7,058,000
8,038,000
2,939,945
2,987,263
10,737,000
8,530,000
7,925,000

7,925,000

8,530,000

10,737,000

2,987,263

2,939,945

8,038,000

7,058,000

8,192,000

2,629,322

2,163,132

1,961,568

1,858,608

1,451,146

1,378,920

1,198,641

1,680,115

1,205,590

1,200,731

997,585

842,782

877,576

1,097,456

1,071,999

1,126,367

1,180,289

1,354,274

1,194,626

1,233,643

1,188,274

1,127,570

1,007,739

851,758

890,210

948,989

958,162

1,023,143

1,000,005

1,338,639

1,538,194

1,441,140

1,587,611

1,606,401

1,455,163

1,593,219

1,391,300

751,525

710,102

567,970

432,374

690,972

540,343

603,556

763,888

126,791

609,274

66,332

88,932

656,115

87,211

> Long-term Liabilities

0
1,454,099
0
1,078,840
0
1,087,493
1,149,738
0
2,203,539
2,132,849
1,937,945
2,395,968
2,038,158
1,919,460
4,083,667
4,672,375
12,607,538
12,680,479
13,251,681
12,440,295
11,853,095
13,107,842
13,131,494
13,518,560
13,407,933
15,680,880
15,452,465
16,025,180
1,586,229
1,556,815
1,480,030
1,496,523
1,999,380
2,065,074
1,979,319
2,073,783
2,130,428
2,310,157
2,345,102
2,615,501
2,492,193
2,544,562
2,408,904
3,099,461
3,556,865
3,684,362
4,064,931
10,878,728
12,297,470
12,757,320
15,731,092
16,357,017
15,694,661
15,480,485
15,605,698
65,471,000
65,088,000
69,457,000
5,964,617
5,359,862
66,242,000
64,277,000
71,798,000

71,798,000

64,277,000

66,242,000

5,359,862

5,964,617

69,457,000

65,088,000

65,471,000

15,605,698

15,480,485

15,694,661

16,357,017

15,731,092

12,757,320

12,297,470

10,878,728

4,064,931

3,684,362

3,556,865

3,099,461

2,408,904

2,544,562

2,492,193

2,615,501

2,345,102

2,310,157

2,130,428

2,073,783

1,979,319

2,065,074

1,999,380

1,496,523

1,480,030

1,556,815

1,586,229

16,025,180

15,452,465

15,680,880

13,407,933

13,518,560

13,131,494

13,107,842

11,853,095

12,440,295

13,251,681

12,680,479

12,607,538

4,672,375

4,083,667

1,919,460

2,038,158

2,395,968

1,937,945

2,132,849

2,203,539

1,149,738

1,087,493

1,078,840

1,454,099

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
738,784
738,623
0
0
0
0
737,818
737,711
0
728,273
750,000
750,000
999,008
1,015,952
1,034,014
0
1,031,288
1,031,428
1,025,255
1,046,012
1,355,521
1,355,994
1,352,447
1,353,572
1,358,444
1,361,044
1,362,402
1,361,711
1,357,640
1,361,024
1,360,448
1,903,862
2,350,915
2,348,440
3,500,747
4,513,438
5,099,895
5,615,514
5,627,192
5,584,271
5,653,037
5,651,315
5,745,415
2,815,348
2,862,955
2,860,045
2,864,107
2,856,842
3,787,643
7,037,000
0

7,037,000

3,787,643

2,856,842

2,864,107

2,860,045

2,862,955

2,815,348

5,745,415

5,651,315

5,653,037

5,584,271

5,627,192

5,615,514

5,099,895

4,513,438

3,500,747

2,348,440

2,350,915

1,903,862

1,360,448

1,361,024

1,357,640

1,361,711

1,362,402

1,361,044

1,358,444

1,353,572

1,352,447

1,355,994

1,355,521

1,046,012

1,025,255

1,031,428

1,031,288

1,034,014

1,015,952

999,008

750,000

728,273

737,711

737,818

738,623

738,784

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
782,702
1,400,730
1,416,711
1,750,054
1,770,034
1,790,014
1,002,761
1,023,707
1,031,914
1,041,596
284,631
0
0

284,631

1,041,596

1,031,914

1,023,707

1,002,761

1,790,014

1,770,034

1,750,054

1,416,711

1,400,730

782,702

Other Liabilities

0
0
0
0
0
0
360,038
0
0
0
308,291
339,996
362,059
299,307
385,287
487,431
901,807
907,578
917,348
1,319,613
1,216,671
1,097,677
910,544
1,282,825
917,231
1,292,948
949,794
1,009,304
335,570
298,069
307,244
292,593
255,248
318,662
324,540
402,802
273,292
356,695
417,173
865,278
733,269
809,469
726,622
754,845
693,010
880,246
876,245
2,495,935
1,851,436
1,808,027
12,839,981
2,182,325
1,938,797
1,284,636
1,843,070
203,262,000
222,831,000
229,567,000
228,941,000
225,860,000
238,137,000
239,295,000
0

239,295,000

238,137,000

225,860,000

228,941,000

229,567,000

222,831,000

203,262,000

1,843,070

1,284,636

1,938,797

2,182,325

12,839,981

1,808,027

1,851,436

2,495,935

876,245

880,246

693,010

754,845

726,622

809,469

733,269

865,278

417,173

356,695

273,292

402,802

324,540

318,662

255,248

292,593

307,244

298,069

335,570

1,009,304

949,794

1,292,948

917,231

1,282,825

910,544

1,097,677

1,216,671

1,319,613

917,348

907,578

901,807

487,431

385,287

299,307

362,059

339,996

308,291

360,038

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
241,603
257,665
0
0
0
0
252,157
309,048
0
267,078
279,479
337,120
272,727
316,177
199,614
0
175,358
201,179
177,875
175,536
158,461
204,516
174,893
171,267
116,095
155,081
128,146
145,282
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,713,000
4,890,000
5,191,000
5,576,000
0
5,166,000
5,448,000
0

5,448,000

5,166,000

5,576,000

5,191,000

4,890,000

4,713,000

145,282

128,146

155,081

116,095

171,267

174,893

204,516

158,461

175,536

177,875

201,179

175,358

199,614

316,177

272,727

337,120

279,479

267,078

309,048

252,157

257,665

241,603

> Total Stockholder Equity

0
80,503
0
-497,058
0
-399,079
-304,036
0
-265,924
-155,780
150,902
260,781
797,943
408,827
726,401
776,571
2,694,062
2,596,473
2,666,818
2,758,371
2,723,293
2,712,282
2,637,269
2,513,627
2,391,983
1,995,214
1,786,482
1,656,947
739,755
716,110
649,505
549,360
685,310
723,094
835,116
1,177,340
1,222,049
1,329,491
1,462,926
1,554,870
1,550,055
1,627,409
1,376,196
1,321,491
1,379,273
1,764,617
1,852,222
556,638
929,031
1,089,564
1,429,315
1,937,165
2,365,081
2,647,906
3,789,141
10,993,000
3,679,000
-1,339,000
1,848,251
1,783,621
8,229,000
8,442,000
14,044,000

14,044,000

8,442,000

8,229,000

1,783,621

1,848,251

-1,339,000

3,679,000

10,993,000

3,789,141

2,647,906

2,365,081

1,937,165

1,429,315

1,089,564

929,031

556,638

1,852,222

1,764,617

1,379,273

1,321,491

1,376,196

1,627,409

1,550,055

1,554,870

1,462,926

1,329,491

1,222,049

1,177,340

835,116

723,094

685,310

549,360

649,505

716,110

739,755

1,656,947

1,786,482

1,995,214

2,391,983

2,513,627

2,637,269

2,712,282

2,723,293

2,758,371

2,666,818

2,596,473

2,694,062

776,571

726,401

408,827

797,943

260,781

150,902

-155,780

-265,924

-304,036

-399,079

-497,058

80,503

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
2
2
2
2
2
2
0
6
6
6
172,000
-554,213
5
1,388,000

1,388,000

-554,213

172,000

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
-1,959,696
-2,434,557
0
0
0
4,992,369
-2,142,020
-1,915,855
6,237,052
-1,722,459
-1,568,487
-1,496,949
-1,425,244
-1,422,874
-1,400,661
0
-1,342,133
-1,328,624
-1,348,384
-1,403,254
-1,236,677
-1,147,798
-986,186
-838,686
-755,465
-560,613
-379,460
-481,772
-430,335
-273,535
-473,276
-372,576
-222,007
0
0
-1,075,323
-653,745
-396,895
0
477,343
990,798
1,078,856
1,143,899
0
0
-3,901
0
0
73,057
0
0

73,057

-3,901

1,143,899

1,078,856

990,798

477,343

-396,895

-653,745

-1,075,323

-222,007

-372,576

-473,276

-273,535

-430,335

-481,772

-379,460

-560,613

-755,465

-838,686

-986,186

-1,147,798

-1,236,677

-1,403,254

-1,348,384

-1,328,624

-1,342,133

-1,400,661

-1,422,874

-1,425,244

-1,496,949

-1,568,487

-1,722,459

6,237,052

-1,915,855

-2,142,020

4,992,369

-2,434,557

-1,959,696

Accumulated Other Comprehensive Income

0
-6,566
0
-6,836
0
-5,099
-4,088
0
-2,483
-2,108
-1,529
-1,104
-1,247
-832
-488
-93
324
168
144
1,760,412
1,667,592
1,693,210
1,581,174
1,515,238
1,404,112
1,062,461
932,860
911,934
-3,054
-5,947
-7,620
-5,078
-6,975
-5,450
-8,723
-11,803
-3,022
-2,061
-1,809
-815
-3,130
-3,600
-4,159
-4,810
-5,192
-6,827
-4,578
-8,201
-3,879
2,722
-2,071
-2,586
-2,542
-3,102
-5,374
-4,676,000
-9,790,000
-13,758,000
-10,340
-10,809
-6,392,000
-8,095,000
-5,575,000

-5,575,000

-8,095,000

-6,392,000

-10,809

-10,340

-13,758,000

-9,790,000

-4,676,000

-5,374

-3,102

-2,542

-2,586

-2,071

2,722

-3,879

-8,201

-4,578

-6,827

-5,192

-4,810

-4,159

-3,600

-3,130

-815

-1,809

-2,061

-3,022

-11,803

-8,723

-5,450

-6,975

-5,078

-7,620

-5,947

-3,054

911,934

932,860

1,062,461

1,404,112

1,515,238

1,581,174

1,693,210

1,667,592

1,760,412

144

168

324

-93

-488

-832

-1,247

-1,104

-1,529

-2,108

-2,483

-4,088

-5,099

-6,836

-6,566

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
2,757,158
2,847,054
0
0
0
0
3,043,334
2,913,814
0
2,741,531
2,624,582
2,495,338
2,413,115
2,355,627
2,254,283
0
2,084,942
2,050,681
2,005,509
1,957,692
1,928,962
1,876,342
1,830,025
1,763,146
1,716,138
1,627,767
1,579,797
1,483,244
1,429,307
1,350,331
1,299,418
1,144,664
1,052,259
1,217,231
1,302,587
1,085,949
1,032,442
929,524
877,173
908,195
822,612
1,017,939
2,096,403
970,498
1,378,038
1,242,618
1,304,378
1,240,217
1,353,930
14,605,000
0

14,605,000

1,353,930

1,240,217

1,304,378

1,242,618

1,378,038

970,498

2,096,403

1,017,939

822,612

908,195

877,173

929,524

1,032,442

1,085,949

1,302,587

1,217,231

1,052,259

1,144,664

1,299,418

1,350,331

1,429,307

1,483,244

1,579,797

1,627,767

1,716,138

1,763,146

1,830,025

1,876,342

1,928,962

1,957,692

2,005,509

2,050,681

2,084,942

2,254,283

2,355,627

2,413,115

2,495,338

2,624,582

2,741,531

2,913,814

3,043,334

2,847,054

2,757,158

Treasury Stock

-6,237,052

-6,175,701

-5,703,383

-4,992,369

Other Stockholders Equity

0
1,145,580
0
1,384,143
0
1,640,610
1,729,593
0
1,906,281
1,990,404
2,090,249
2,170,592
2,758,886
2,844,216
3,153,086
3,125,118
5,080,994
4,909,686
4,808,694
2,913,814
2,931,769
2,741,531
2,624,582
2,495,338
2,413,115
2,355,627
2,254,283
2,114,747
2,084,942
2,050,681
2,005,509
1,957,692
1,928,962
1,876,342
1,830,025
1,763,146
1,716,138
1,627,767
1,579,797
1,483,244
1,429,307
1,350,331
1,299,418
1,144,664
1,052,259
1,217,231
1,302,587
1,085,949
1,032,442
929,524
877,173
908,195
822,612
1,017,939
2,096,403
15,762,000
15,412,000
15,256,000
3,563,378
1,240,217
13,913,787
14,605,000
13,861,000

13,861,000

14,605,000

13,913,787

1,240,217

3,563,378

15,256,000

15,412,000

15,762,000

2,096,403

1,017,939

822,612

908,195

877,173

929,524

1,032,442

1,085,949

1,302,587

1,217,231

1,052,259

1,144,664

1,299,418

1,350,331

1,429,307

1,483,244

1,579,797

1,627,767

1,716,138

1,763,146

1,830,025

1,876,342

1,928,962

1,957,692

2,005,509

2,050,681

2,084,942

2,114,747

2,254,283

2,355,627

2,413,115

2,495,338

2,624,582

2,741,531

2,931,769

2,913,814

4,808,694

4,909,686

5,080,994

3,125,118

3,153,086

2,844,216

2,758,886

2,170,592

2,090,249

1,990,404

1,906,281

1,729,593

1,640,610

1,384,143

1,145,580

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	3,338,000	167,764	145,054	119,982	94,364	70,878	68,873	57,465	92,012	48,336	40,675	38,337	578,764	517,645	548,593	48,891	771,213	19,724
Accumulated Amortization	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
Accumulated Other Comprehensive Income	-5,575,000	-10,340	-5,374	-2,071	-4,578	-4,159	-1,809	-8,723	-7,620	932,860	1,581,174	144	-488	-1,529	-4,088	-6,836	-6,033	-14,154
Additional Paid In Capital	0	0	0	0	0	0	1,579,797	1,830,025	0	0	0	5,703,383	0	0	0	0	0	0
Capital Lease Obligations	0	664,366	505,206	332,915	209,479	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,398,000	554,213	554,213	554,213	554,213	554,213	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	1,304,378	2,096,403	877,173	1,302,587	1,299,418	1,579,797	1,830,025	2,005,509	2,254,283	2,624,582	3,043,334	0	0	0	0	0	0
Cash	17,691,000	1,310,313	917,183	2,448,823	1,556,202	659,418	844,185	854,982	674,115	2,294,615	2,174,707	2,628,921	912,221	469,825	366,226	381,367	763,053	209,347
Cash And Equivalents	0	8,980,000	1,380,449	2,448,823	1,601,531	659,418	844,185	854,982	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	19,926,000	1,310,313	917,183	2,448,823	1,556,202	659,418	844,185	854,982	674,115	2,294,615	2,174,707	17,456,552	6,071,652	3,732,989	1,920,381	1,340,012	2,927,293	10,965,650
Common Stock	1,388,000	6	2	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	588,846	584,692	236,568	227,531	208,749	199,947	192,582	183,998	173,272	155,349	142,214	129,540	116,364	96,965	95,816	96,965	96,965	96,965
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	5,703,383	0	0	0	0	0	0
Current Deferred Revenue	204,670,000	172,720	119,688	30,369	84,639	111,097	128,146	174,893	177,875	199,614	279,479	252,157	232,747	251,475	321,424	364,901	153,900	46,090
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	5,576,000	0	0	0	0	128,146	174,893	177,875	199,614	279,479	252,157	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	4,329,000	263,744	116,958	116,958	93,911	88,852	88,852	88,852	88,852	49,243	49,243	48,894	48,894	48,894	47,897	47,897	40,056	0
Intangible Assets	0	179,215	14,846	23,586	20,615	18,899	18,842	22,721	28,620	60,039	94,927	137,856	81,846	64,574	69,051	81,728	95,647	0
Inventory	0	18,696,129	5,007,484	3,858,456	2,661,065	262,841	364,649	0	0	0	0	9,585	14,341	6,563	0	0	0	0
Liabilities And Stockholders Equity	313,488,000	13,793,947	30,501,894	23,669,084	8,542,117	5,991,654	6,991,070	5,629,553	4,559,808	23,178,837	22,477,981	20,636,858	7,975,873	6,552,372	3,385,197	2,474,532	5,115,642	11,179,921
Long Term Debt	8,061,000	2,864,107	5,745,415	5,627,192	3,500,747	1,360,448	1,362,402	1,352,447	1,025,255	1,034,014	750,000	737,818	3,927,655	1,468,678	933,834	0	0	0
Long Term Debt Total	0	2,864,107	5,745,415	5,627,192	3,500,747	1,360,448	1,362,402	1,352,447	1,025,255	1,034,014	750,000	737,818	0	0	0	0	0	0
Long Term Investments	106,702,000	5,644,167	9,666,475	4,995,411	4,823,028	3,115,544	2,095,553	1,494,744	1,154,749	2,880,006	2,393,883	2,138,096	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-9,599,000	2,218,160	2,722,419	12,171,799	1,303,877	1,556,491	1,520,280	1,284,010	1,152,410	12,862,499	10,999,255	9,943,852	3,016,132	281,700	567,608	644,638	294,708	-115,609
Net Invested Capital	20,738,000	4,158,145	6,369,324	15,162,809	4,798,756	3,037,892	3,562,993	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	8,757,000	726,253	493,826	510,593	417,483	384,900	2,143,930	1,517,575	896,313	1,217,255	2,620,817	2,051,568	1,045,322	2,011,436	617,532	222,264	1,381,228	164,244
Net Tangible Assets	0	3,193,035	7,479,344	3,349,066	1,183,483	1,518,354	2,385,618	1,755,955	1,271,509	5,834,179	6,544,552	5,516,633	0	0	0	0	0	0
Net Working Capital	-39,836,000	-245,734	-812,902	1,259,100	566,249	-16,163	1,370,886	672,831	-66,248	1,768,185	2,163,238	18,135,889	5,945,285	4,254,734	1,608,382	498,213	3,281,458	10,876,792
Non Current Assets Total	136,879,000	10,709,252	28,383,000	20,645,321	6,548,653	4,943,879	3,809,538	3,174,016	2,935,259	19,627,741	17,656,978	819,175	786,703	764,630	840,466	906,412	803,759	44,036
Non Current Liabilities Other	10,450,000	2,671,978	2,570,526	1,501,573	290,312	563,238	925,645	631,761	43,387	46,401	992,240	44,855	0	0	0	0	0	0
Non Current Liabilities Total	71,798,000	5,964,617	17,375,732	15,731,092	4,064,931	2,480,263	2,345,102	1,979,319	1,480,030	15,452,465	13,131,494	13,251,681	4,083,667	1,937,945	1,149,738	1,078,840	1,676,888	588,838
Non Currrent Assets Other	-127,376,000	1,206,065	16,037,799	461,991	1,626,635	218,823	53,279	56,455	74,629	337,177	292,113	9,629	26,976	35,141	11,329	13,472	33,403	5,348
Noncontrolling Interest In Consolidated Entity	0	487,909	3,813,885	2,275,728	0	271,522	140,086	0	0	0	0	5,703,383	0	0	0	0	0	0
Other Assets	312,629,000	79,798,000	1,132,017	15,403,793	675,131	464,417	390,439	627,358	651,907	943,894	958,725	851,815	644,399	629,251	646,730	0	0	0
Other Current Assets	-28,683,000	-17,648,000	-4,299,599	-3,794,109	-2,641,286	-259,384	-171,232	82,980	54,121	39,226	25,479	299,978	57,855	36,754	6,818	5,844	3,362	5,991
Other Current Liab	7,925,000	2,939,945	2,629,322	1,451,146	1,205,590	806,217	1,180,289	1,188,274	890,210	1,000,005	1,587,611	1,391,300	432,374	763,888	66,332	656,115	105,312	14,449
Other Liab	0	228,941,000	1,843,070	12,839,981	876,245	726,622	843,637	953,935	888,260	949,794	910,544	917,348	385,287	308,291	360,038	0	0	0
Other Stockholder Equity	13,861,000	3,563,378	2,096,403	877,173	1,302,587	1,299,418	1,579,797	1,830,025	2,005,509	2,254,283	2,624,582	4,808,694	3,153,086	2,090,249	1,729,593	1,384,143	1,064,183	484,921
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	554,213	554,213	554,213	0	554,213	264,398	0	0	0	0	5,703,383	0	0	0	0	0	0
Property Plant And Equipment Gross	0	590,732	450,531	375,130	232,708	19,990	19,184	25,154	31,636	35,906	40,251	53,452	52,683	44,696	67,794	68,063	20,178	36,446
Property Plant And Equipment Net	0	590,732	450,531	375,130	190,696	19,990	19,184	25,154	31,636	35,906	40,251	53,452	52,683	44,696	67,794	68,063	20,178	36,446
Property Plant Equipment	0	0	450,531	295,098	232,708	19,990	19,184	25,154	31,636	35,906	40,251	53,452	52,683	44,696	67,794	0	0	0
Retained Earnings	2,972,000	-2,259,000	1,143,899	0	0	-473,276	-379,460	-986,186	-1,348,384	-1,400,661	-1,568,487	-2,142,020	-2,426,197	-1,937,818	-2,029,541	-1,874,365	-962,107	0
Retained Earnings Total Equity	0	0	1,143,899	0	0	-473,276	-379,460	-986,186	-1,348,384	-1,400,661	-1,568,487	-2,142,020	0	0	0	0	0	0
Short Long Term Debt	31,000	35,000	37,732	80,823	72,387	71,359	2,366,002	2,140,159	1,826,525	15,151,065	0	0	0	0	0	0	0	0
Short Long Term Debt Total	8,092,000	3,528,473	3,639,602	14,620,622	2,860,079	2,215,909	2,364,465	2,138,992	1,826,525	15,157,114	13,173,962	12,572,773	3,928,353	751,525	933,834	1,026,005	1,057,761	93,738
Short Term Debt	512,000	50,000	37,732	40,530	54,466	71,359	370,864	362,074	530,700	534,956	750,000	0	0	0	0	0	0	178,830
Short Term Investments	2,235,000	5,582,000	1,687,105	816,985	554,387	392,932	364,649	4,680	5,700	6,353	9,199	14,827,631	5,159,431	3,263,164	1,554,155	958,645	2,164,240	10,756,303
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	5,703,383	0	0	0	0	0	0
Total Assets	313,488,000	13,793,947	30,501,894	23,669,084	8,542,117	5,991,654	6,991,070	5,629,553	4,559,808	23,178,837	22,477,981	20,636,858	7,975,873	6,552,372	3,385,197	2,474,532	5,115,642	11,179,921
Total Current Assets	176,609,000	3,084,695	2,118,894	3,023,763	1,993,464	1,047,775	3,181,532	2,455,537	1,624,549	3,551,096	4,821,003	19,817,683	7,189,170	5,787,742	2,544,731	1,568,120	4,311,883	11,135,885
Total Current Liabilities	216,445,000	3,330,429	2,931,796	1,642,027	1,439,059	1,059,551	1,748,172	1,782,706	1,690,797	1,782,911	2,657,765	1,681,794	1,243,885	1,533,008	936,349	1,069,907	1,030,425	259,093
Total Liab	288,243,000	9,295,046	20,307,528	17,373,119	5,503,990	3,539,814	4,093,274	3,762,025	3,170,827	17,235,376	15,789,259	14,933,475	5,327,552	3,470,953	2,086,087	2,148,747	2,707,313	847,931
Total Permanent Equity	0	0	0	0	0	0	2,897,796	1,867,528	0	0	0	5,703,383	0	0	0	0	0	0
Total Stockholder Equity	14,044,000	1,848,251	3,789,141	1,429,315	1,852,222	1,376,196	1,462,926	835,116	649,505	1,786,482	2,637,269	2,666,818	726,401	150,902	-304,036	-497,058	96,043	484,921
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	-5,703,383	0	0	0	0	0	0
Warrants	0	1,031,914	1,770,034	782,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-09-30	2008-03-31	2007-03-31
Accounts Payable	3,338,000	3,657,000	3,286,000	185,285	167,764	3,032,000	2,937,000	3,208,000	145,054	209,312	141,688	130,691	119,982	143,664	119,934	100,229	94,364	96,820	89,776	83,766	70,878	82,008	74,466	81,548	68,873	79,062	60,094	72,170	57,465	116,277	116,814	98,661	92,012	59,349	50,811	49,030	48,336	76,080	61,359	78,640	40,675	53,278	49,986	42,801	38,337	872,494	713,476	605,196	578,764	309,051	864,579	537,648	517,645	568,162	33,095	0	548,593	546,113	-	48,891	-	662,742	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Accumulated Other Comprehensive Income	-5,575,000	-8,095,000	-6,392,000	-10,809	-10,340	-13,758,000	-9,790,000	-4,676,000	-5,374	-3,102	-2,542	-2,586	-2,071	2,722	-3,879	-8,201	-4,578	-6,827	-5,192	-4,810	-4,159	-3,600	-3,130	-815	-1,809	-2,061	-3,022	-11,803	-8,723	-5,450	-6,975	-5,078	-7,620	-5,947	-3,054	911,934	932,860	1,062,461	1,404,112	1,515,238	1,581,174	1,693,210	1,667,592	1,760,412	144	168	324	-93	-488	-832	-1,247	-1,104	-1,529	-2,108	-2,483	0	-4,088	-5,099	-	-6,836	-	-6,566	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	1,350,331	1,429,307	1,483,244	1,579,797	1,627,767	1,716,138	1,763,146	1,830,025	1,876,342	1,928,962	0	0	0	0	0	0	0	0	0	0	0	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Capital Lease Obligations	0	0	701,172	707,806	664,366	0	0	0	505,206	427,529	409,930	333,670	332,915	336,769	338,972	206,721	209,479	207,673	105,164	109,184	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Capital Stock	1,398,000	1,397,000	0	554,213	554,213	0	0	0	554,213	554,213	554,213	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,605,000	1,353,930	1,240,217	1,304,378	1,242,618	1,378,038	970,498	2,096,403	1,017,939	822,612	908,195	877,173	929,524	1,032,442	1,085,949	1,302,587	1,217,231	1,052,259	1,144,664	1,299,418	1,350,331	1,429,307	1,483,244	1,579,797	1,627,767	1,716,138	1,763,146	1,830,025	1,876,342	1,928,962	1,957,692	2,005,509	2,050,681	2,084,942	0	2,254,283	2,355,627	2,413,115	2,495,338	2,624,582	2,741,531	0	2,913,814	3,043,334	0	0	0	0	2,847,054	2,757,158	0	0	0	0	0	0	0	-	0	-	0	0
Cash	17,691,000	12,935,000	12,311,000	1,377,564	1,310,313	11,515,000	13,064,000	10,562,000	917,183	2,762,816	2,630,448	2,725,882	2,448,823	2,644,175	1,611,585	1,276,881	1,556,202	1,284,616	1,012,810	767,894	659,418	907,869	1,152,108	1,063,085	844,185	985,269	1,125,203	1,152,184	854,982	986,435	892,242	582,536	674,115	869,192	921,641	1,600,923	2,294,615	2,314,893	2,285,024	2,184,099	2,174,707	2,162,342	2,720,988	2,619,599	2,628,921	2,336,639	1,984,721	913,351	912,221	840,603	1,032,012	459,844	469,825	590,171	483,503	0	366,226	489,025	-	381,367	-	898,106	0
Cash And Equivalents	0	12,935,000	12,311,000	15,876,000	8,980,000	11,515,000	13,064,000	10,041,000	1,380,449	2,762,816	2,630,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,926,000	148,707,000	145,918,000	1,377,564	1,310,313	116,972,000	116,763,000	117,956,000	917,183	2,762,816	2,630,448	2,725,882	2,448,823	2,644,175	1,611,585	1,276,881	1,556,202	1,284,616	1,012,810	767,894	659,418	907,869	1,152,108	1,063,085	844,185	985,269	1,125,203	1,152,184	854,982	986,435	892,242	582,536	674,115	869,192	921,641	1,600,923	2,294,615	2,314,893	2,285,024	2,184,099	2,174,707	2,162,342	2,720,988	2,619,599	17,456,552	16,452,553	16,477,975	6,678,159	6,071,652	3,719,239	4,283,576	2,605,359	3,732,989	2,312,833	2,114,380	0	1,920,381	1,914,035	-	1,340,012	-	2,935,171	0
Common Stock	1,388,000	5	-554,213	172,000	6	6	6	0	2	2	2	2	2	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Common Stock Shares Outstanding	601,000	578,797	578,976	584,243	583,000	584,300	584,800	586,500	245,554	239,500	231,100	230,000	230,004	227,772	227,654	226,758	221,864	207,641	199,579	200,832	201,375	200,348	200,711	198,433	198,433	192,882	190,592	186,537	186,537	184,439	183,696	182,665	182,665	176,170	170,431	165,969	162,108	158,467	152,852	147,777	148,543	146,213	137,289	136,020	132,678	131,635	126,457	127,516	127,516	122,381	120,963	98,509	98,216	97,758	96,346	95,785	95,785	97,946	97,946	97,946	97,946	97,946	97,946
Common 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	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Current Deferred Revenue	204,670,000	189,065,000	184,359,000	205,381	172,720	166,894,000	164,571,000	164,369,000	119,688	175,204	74,946	126,032	30,369	120,075	63,156	128,087	84,639	172,157	92,274	183,458	111,097	182,045	109,182	145,282	128,146	155,081	116,095	171,267	174,893	204,516	158,461	175,536	177,875	201,179	175,358	220,665	199,614	316,177	272,727	337,120	279,479	267,078	296,455	309,048	252,157	272,537	280,698	270,059	232,747	257,665	241,603	267,848	251,475	291,588	271,315	0	321,424	348,336	-	364,901	-	278,812	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Deferred Long Term Liab	0	5,448,000	5,166,000	0	5,576,000	5,191,000	4,890,000	4,713,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	145,282	128,146	155,081	116,095	171,267	174,893	204,516	158,461	175,536	177,875	201,179	175,358	0	199,614	316,177	272,727	337,120	279,479	267,078	0	309,048	252,157	0	0	0	0	257,665	241,603	0	0	0	0	0	0	0	-	0	-	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Good Will	4,329,000	4,324,000	4,329,000	263,744	263,744	4,322,000	4,417,000	4,312,000	116,958	116,958	116,958	116,958	116,958	116,958	116,958	93,911	93,911	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	88,852	49,243	49,243	49,243	49,243	49,243	49,243	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	48,894	0	47,897	47,897	-	47,897	-	47,897	0
Intangible Assets	0	5,428,000	168,435	5,428,000	179,215	6,603,000	6,603,000	0	14,846	16,458	20,584	22,656	23,586	25,161	24,222	21,329	20,615	19,945	19,323	19,373	18,899	18,877	17,306	17,861	18,842	19,153	19,754	21,006	22,721	24,693	26,372	28,132	28,620	36,219	44,789	51,672	60,039	68,628	77,222	85,816	94,927	104,662	114,809	126,112	137,856	151,427	163,740	75,790	81,846	53,319	56,937	61,321	64,574	59,691	62,700	0	69,051	72,227	-	81,728	-	91,218	0
Inventory	0	21,372,000	23,296,000	24,732,210	18,696,129	0	0	0	-57,765	0	0	0	0	0	764,923	864,749	499,198	551,681	713,061	651,652	392,932	390,448	0	225,510	364,649	198,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,585	9,625	12,717	12,707	14,341	8,351	7,264	6,641	6,563	6,577	6,460	0	0	0	-	0	-	0	0
Liabilities And Stockholders Equity	313,488,000	283,235,000	281,984,000	13,368,661	13,793,947	250,340,000	247,850,000	261,555,000	30,501,894	28,290,642	27,541,346	27,410,138	23,669,084	18,627,870	17,958,408	16,322,797	8,542,117	8,064,304	7,348,244	6,721,500	5,991,654	6,972,158	6,639,013	6,948,497	6,991,070	6,860,354	6,221,920	6,261,563	5,629,553	5,490,215	5,162,231	4,360,767	4,559,808	4,818,050	4,901,700	23,647,801	23,178,837	24,097,605	22,447,391	22,912,382	22,477,981	22,148,374	20,620,024	21,289,337	20,636,858	19,569,404	19,232,157	9,100,674	7,975,873	5,330,771	7,389,727	6,515,039	6,552,372	5,282,124	4,974,048	0	3,385,197	3,075,727	-	2,474,532	-	4,637,060	0
Long Term Debt	8,061,000	7,006,000	3,787,643	2,856,842	2,864,107	2,860,045	7,873,000	2,815,348	5,745,415	3,153,181	3,154,289	5,584,271	5,627,192	5,615,514	5,099,895	4,513,438	3,500,747	2,348,440	2,350,915	1,903,862	1,360,448	1,361,024	1,357,640	1,361,711	1,362,402	1,361,044	1,358,444	1,353,572	1,352,447	1,355,994	1,355,521	1,046,012	1,025,255	1,031,428	1,031,288	15,713,628	1,034,014	1,015,952	999,008	750,000	750,000	728,273	11,563,544	737,711	737,818	12,029,846	11,970,800	4,438,827	3,927,655	738,623	738,784	1,474,412	1,468,678	0	0	0	933,834	0	-	0	-	0	0
Long Term Debt Total	0	7,037,000	3,787,643	2,856,842	2,864,107	2,860,045	2,862,955	2,815,348	5,745,415	5,651,315	5,653,037	5,584,271	5,627,192	5,615,514	5,099,895	4,513,438	3,500,747	2,348,440	2,350,915	1,903,862	1,360,448	1,361,024	1,357,640	1,361,711	1,362,402	1,361,044	1,358,444	1,353,572	1,352,447	1,355,994	1,355,521	1,046,012	1,025,255	1,031,428	1,031,288	0	1,034,014	1,015,952	999,008	750,000	750,000	728,273	0	737,711	737,818	0	0	0	0	738,623	738,784	0	0	0	0	0	0	0	-	0	-	0	0
Long Term Investments	106,702,000	101,400,000	5,549,629	5,650,246	5,644,167	6,090,938	100,245,000	6,970,485	9,666,475	7,986,606	21,570,150	6,700,817	4,995,411	3,977,069	3,346,435	3,369,425	4,823,028	4,024,590	3,933,011	3,653,403	3,115,544	3,805,613	3,230,588	3,424,195	2,095,553	1,906,964	1,576,839	1,575,687	1,494,744	1,390,998	1,324,552	1,133,559	1,154,749	1,097,619	973,835	0	2,880,006	2,868,324	2,882,683	2,640,676	2,393,883	2,190,241	0	2,155,995	2,138,096	0	0	0	0	1,764,034	2,181,439	0	0	0	0	0	0	0	-	0	-	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Net Debt	-9,599,000	-5,898,000	-5,589,000	2,187,084	2,218,160	-3,675,000	-5,156,000	3,343,000	2,722,419	11,338,775	11,509,807	12,037,466	12,171,799	8,954,992	9,506,775	8,542,762	1,303,877	2,100,321	2,302,626	2,091,018	1,556,491	1,333,725	1,085,747	1,324,638	1,520,280	1,348,407	1,118,002	998,716	1,284,010	1,208,263	1,285,078	1,298,094	1,152,410	987,558	941,119	14,112,705	12,862,499	12,786,786	10,892,996	11,094,156	10,999,255	10,680,426	8,842,556	9,465,444	9,943,852	9,693,207	9,986,079	3,525,476	3,016,132	1,034,946	881,340	291,336	281,700	342,515	1,456,076	0	567,608	445,038	-	644,638	-	158,300	0
Net Invested Capital	20,738,000	14,082,000	14,951,000	4,086,250	4,158,145	6,501,000	11,587,000	24,898,000	6,369,324	15,767,755	15,541,193	15,812,630	15,162,809	11,797,749	11,154,206	9,615,347	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,757,000	508,000	503,000	775,115	726,253	430,000	408,000	367,000	493,826	540,294	467,445	466,057	510,593	545,545	539,628	695,284	417,483	487,538	471,368	380,952	395,364	352,333	343,214	345,439	2,143,930	1,865,336	1,552,813	1,670,741	1,517,575	1,289,534	1,108,313	752,306	896,313	954,284	1,117,368	1,174,122	1,217,255	1,678,305	2,235,870	2,311,878	2,620,817	2,570,582	2,224,025	2,741,134	2,051,568	1,900,346	1,550,409	1,569,612	1,045,322	808,811	2,334,578	2,360,906	2,011,436	846,293	529,275	0	617,532	300,284	-	222,264	-	890,873	0
Net Tangible Assets	0	2,721,000	2,779,924	3,244,939	3,193,035	-5,661,000	-738,000	3,522,349	7,479,344	1,976,735	1,673,326	5,112,895	3,349,066	1,828,885	1,462,896	728,640	1,183,483	1,933,352	1,617,263	1,526,030	1,518,354	2,060,508	1,892,444	1,954,973	2,385,618	2,069,844	1,842,904	1,973,250	1,755,955	1,497,320	1,399,487	1,070,010	1,271,509	1,394,352	1,465,319	0	5,834,179	6,051,039	6,540,713	6,651,863	6,544,552	6,231,946	0	6,000,695	5,516,633	0	0	0	0	2,051,410	3,599,213	0	0	0	0	0	0	0	-	0	-	0	0
Net Working Capital	-39,836,000	-50,576,000	-49,521,000	-198,040	-245,734	-58,874,000	-55,984,000	-55,611,000	-812,902	1,831,160	2,473,417	1,812,894	1,259,100	1,310,202	682,532	-13,436	554,405	302,245	303,796	-27,503	57,420	-2,597	348,080	160,323	1,433,360	896,556	944,735	987,882	672,831	466,469	357,684	-337,052	-66,248	87,095	328,895	957,444	1,768,185	1,752,903	2,156,260	1,898,321	2,163,238	2,086,987	2,423,492	2,695,801	18,135,889	16,839,413	16,668,952	6,877,564	5,945,285	3,294,423	4,996,770	4,896,675	4,254,734	3,505,470	3,240,844	0	1,608,382	1,237,670	-	498,213	-	2,800,647	0
Non Current Assets Total	136,879,000	132,528,000	133,090,000	10,154,772	10,709,252	131,217,000	129,233,000	141,360,000	28,383,000	23,873,424	22,850,390	23,442,994	20,645,321	15,376,278	15,680,072	14,287,994	6,548,653	6,224,550	5,794,059	5,569,204	4,803,324	5,540,988	4,966,090	5,361,934	3,809,538	4,005,584	3,538,881	3,433,692	3,174,016	3,209,470	3,156,407	3,020,569	2,935,259	2,989,143	2,856,294	20,866,509	19,627,741	20,096,887	17,918,851	18,407,161	17,656,978	17,406,357	15,666,655	15,920,195	819,175	833,435	858,929	779,885	786,703	778,660	746,432	746,960	764,630	790,113	819,520	0	840,466	854,676	-	906,412	-	807,648	0
Non Current Liabilities Other	10,450,000	10,312,000	5,342,416	2,842,369	2,671,978	2,607,020	4,737,000	2,939,353	2,570,526	2,606,357	1,424,189	2,259,354	1,501,573	1,293,100	1,047,364	736,080	290,312	1,205,471	906,071	922,426	563,238	1,008,660	908,600	785,080	925,645	827,084	677,284	738,523	631,761	59,345	50,332	43,025	43,387	36,463	48,819	0	46,401	793,411	1,001,285	894,082	992,240	74,727	0	66,597	44,855	0	0	0	0	307,578	862,939	0	0	0	0	0	0	0	-	0	-	0	0
Non Current Liabilities Total	71,798,000	64,277,000	66,242,000	5,359,862	5,964,617	69,457,000	65,088,000	65,471,000	15,605,698	15,480,485	15,694,661	16,357,017	15,731,092	12,757,320	12,297,470	10,878,728	4,064,931	3,684,362	3,556,865	3,099,461	2,408,904	2,544,562	2,492,193	2,615,501	2,345,102	2,310,157	2,130,428	2,073,783	1,979,319	2,065,074	1,999,380	1,496,523	1,480,030	1,556,815	1,586,229	16,025,180	15,452,465	15,680,880	13,407,933	13,518,560	13,131,494	13,107,842	11,853,095	12,440,295	13,251,681	12,680,479	12,607,538	4,672,375	4,083,667	1,919,460	2,038,158	2,395,968	1,937,945	2,132,849	2,203,539	0	1,149,738	1,087,493	-	1,078,840	-	1,454,099	0
Non Currrent Assets Other	-127,376,000	26,804,000	24,908,414	1,243,931	1,206,065	27,269,000	24,571,000	23,359,000	16,037,799	806,903	462,733	444,800	461,991	303,170	268,361	247,268	1,626,635	179,508	171,774	261,037	78,268	57,576	64,259	45,933	53,279	228,311	205,510	195,570	56,455	162,165	134,631	156,058	74,629	137,096	149,286	826,725	337,177	658,004	514,630	706,753	292,113	645,766	465,045	313,666	9,629	28,597	24,578	26,332	26,976	29,738	23,258	32,654	35,141	14,306	13,485	0	11,329	16,438	-	13,472	-	34,183	0
Noncontrolling Interest In Consolidated Entity	0	0	548,350	533,974	487,909	371,439	381,697	374,620	3,813,885	2,818,847	2,838,121	3,114,805	2,275,728	1,688,906	2,107,870	2,122,281	0	266,016	280,662	273,145	271,522	271,379	269,162	290,857	140,086	149,736	137,280	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Other Assets	313,617,000	1,492,000	2,473,000	173,654,000	79,798,000	81,015,000	77,992,000	425,080,000	1,132,017	28,290,642	697,851	825,776	15,403,793	981,846	1,012,684	1,122,188	675,131	592,840	351,148	295,057	383,974	405,844	428,027	426,326	3,790,354	3,806,684	3,538,881	3,433,692	3,148,862	3,209,470	3,156,407	3,020,569	2,903,623	2,956,168	2,821,481	20,830,435	19,591,835	20,060,114	17,881,070	18,368,033	17,623,140	17,356,847	15,615,710	15,868,262	15,866,196	15,268,878	15,633,330	6,554,193	5,934,570	3,618,663	3,965,373	3,580,709	4,005,883	0	0	0	2,317,833	0	-	0	-	0	0
Other Current Assets	-28,683,000	-19,880,000	-20,823,000	-23,671,000	-17,648,000	1,721,000	1,446,000	1,872,000	765,650	1,114,108	1,593,063	775,205	64,347	61,872	-637,800	-802,111	-479,419	-484,081	-643,054	-648,202	-259,384	-219,480	177,601	-47,471	-171,232	-194,735	5,023	4,946	82,980	4,776	5,269	5,356	54,121	5,431	6,397	6,247	39,226	7,520	7,646	9,244	25,479	9,093	8,356	8,409	299,978	373,445	332,127	60,311	57,855	15,710	17,877	795,173	36,754	1,326,308	1,504,413	0	6,818	6,732	-	5,844	-	3,368	0
Other Current Liab	7,925,000	8,530,000	10,737,000	2,987,263	2,939,945	8,038,000	7,058,000	8,192,000	2,629,322	2,163,132	1,961,568	1,858,608	1,451,146	1,378,920	1,198,641	1,680,115	1,205,590	1,200,731	997,585	842,782	877,576	1,097,456	1,071,999	1,126,367	1,180,289	1,354,274	1,194,626	1,233,643	1,188,274	1,127,570	1,007,739	851,758	890,210	948,989	958,162	1,023,143	1,000,005	1,338,639	1,538,194	1,441,140	1,587,611	1,606,401	1,455,163	1,593,219	1,391,300	751,525	710,102	567,970	432,374	690,972	540,343	603,556	763,888	126,791	609,274	0	66,332	88,932	-	656,115	-	87,211	0
Other Liab	0	239,295,000	238,137,000	225,860,000	228,941,000	229,567,000	222,831,000	203,262,000	1,843,070	1,284,636	1,938,797	2,182,325	12,839,981	1,808,027	1,851,436	2,495,935	876,245	880,246	693,010	754,845	726,622	809,469	733,269	865,278	417,173	356,695	273,292	402,802	324,540	318,662	255,248	292,593	307,244	298,069	335,570	1,009,304	949,794	1,292,948	917,231	1,282,825	910,544	1,097,677	1,216,671	1,319,613	917,348	907,578	901,807	487,431	385,287	299,307	362,059	339,996	308,291	0	0	0	360,038	0	-	0	-	0	0
Other Stockholder Equity	13,861,000	14,605,000	13,913,787	1,240,217	3,563,378	15,256,000	15,412,000	15,762,000	2,096,403	1,017,939	822,612	908,195	877,173	929,524	1,032,442	1,085,949	1,302,587	1,217,231	1,052,259	1,144,664	1,299,418	1,350,331	1,429,307	1,483,244	1,579,797	1,627,767	1,716,138	1,763,146	1,830,025	1,876,342	1,928,962	1,957,692	2,005,509	2,050,681	2,084,942	2,114,747	2,254,283	2,355,627	2,413,115	2,495,338	2,624,582	2,741,531	2,931,769	2,913,814	4,808,694	4,909,686	5,080,994	3,125,118	3,153,086	2,844,216	2,758,886	2,170,592	2,090,249	1,990,404	1,906,281	0	1,729,593	1,640,610	-	1,384,143	-	1,145,580	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Preferred Stock Total Equity	0	0	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	554,213	0	554,213	554,213	554,213	554,213	554,213	554,213	554,213	264,398	264,398	264,398	264,683	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Property Plant And Equipment Gross	0	0	1,138,993	623,779	590,732	0	0	0	0	0	444,847	373,337	375,130	374,528	375,640	241,212	232,708	216,720	120,575	123,615	19,990	19,297	18,253	18,460	19,184	0	0	0	25,154	0	0	0	31,636	32,975	34,813	36,074	35,906	36,773	37,781	39,128	40,251	49,510	50,945	51,933	53,452	53,916	50,980	50,811	52,683	54,343	50,500	42,566	44,696	62,526	63,703	0	67,794	68,812	-	68,063	-	20,831	0
Property Plant And Equipment Net	0	0	954,735	623,779	590,732	0	0	0	450,531	474,246	444,847	373,337	375,130	374,528	375,640	241,212	190,696	216,720	120,575	102,845	19,990	19,297	18,253	18,460	19,184	0	0	0	25,154	0	0	0	31,636	32,975	34,813	36,074	35,906	36,773	37,781	39,128	40,251	49,510	50,945	51,933	53,452	53,916	50,980	50,811	52,683	54,343	50,500	42,566	44,696	62,526	63,703	0	67,794	68,812	-	68,063	-	20,831	0
Property Plant Equipment	0	0	0	0	0	0	822,326	0	450,531	379,251	444,847	373,337	295,098	374,528	375,640	241,212	232,708	216,720	120,575	123,615	19,990	19,297	18,253	18,460	19,184	0	0	0	25,154	0	0	0	31,636	32,975	34,813	36,074	35,906	36,773	37,781	39,128	40,251	49,510	50,945	51,933	53,452	53,916	50,980	50,811	52,683	54,343	50,500	42,566	44,696	0	0	0	67,794	0	-	0	-	0	0
Retained Earnings	2,972,000	535,000	153,000	-172,000	-2,259,000	-2,837,000	-1,943,000	-93,000	1,143,899	1,078,856	990,798	477,343	0	-396,895	-653,745	-1,075,323	0	0	-222,007	-372,576	-473,276	-273,535	-430,335	-481,772	-379,460	-560,613	-755,465	-838,686	-986,186	-1,147,798	-1,236,677	-1,403,254	-1,348,384	-1,328,624	-1,342,133	-1,369,734	-1,400,661	-1,422,874	-1,425,244	-1,496,949	-1,568,487	-1,722,459	-1,876,068	-1,915,855	-2,142,020	-2,313,381	-2,387,256	-2,348,454	-2,426,197	-2,434,557	-1,959,696	-1,908,707	-1,937,818	-2,144,076	-2,169,722	0	-2,029,541	-2,034,590	-	-1,874,365	-	-1,058,511	0
Retained Earnings Total Equity	0	0	73,057	0	0	-3,901	0	0	1,143,899	1,078,856	990,798	477,343	0	-396,895	-653,745	-1,075,323	0	0	-222,007	-372,576	-473,276	-273,535	-430,335	-481,772	-379,460	-560,613	-755,465	-838,686	-986,186	-1,147,798	-1,236,677	-1,403,254	-1,348,384	-1,328,624	-1,342,133	0	-1,400,661	-1,422,874	-1,425,244	-1,496,949	-1,568,487	-1,722,459	6,237,052	-1,915,855	-2,142,020	4,992,369	0	0	0	-2,434,557	-1,959,696	0	0	0	0	0	0	0	-	0	-	0	0
Short Long Term Debt	31,000	31,000	33,000	34,000	35,000	33,000	35,000	37,000	37,732	38,410	39,337	38,919	80,823	77,546	74,323	72,995	72,387	67,801	0	0	0	0	2,238,928	2,389,535	2,366,002	2,335,115	2,244,286	2,151,661	2,140,159	0	0	0	1,826,525	0	0	0	15,151,065	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Short Long Term Debt Total	8,092,000	7,037,000	6,722,000	3,564,648	3,528,473	7,840,000	7,908,000	13,905,000	3,639,602	14,101,591	14,140,255	14,763,348	14,620,622	11,599,167	11,118,360	9,819,643	2,860,079	3,384,937	3,315,436	2,858,912	2,215,909	2,241,594	2,237,855	2,387,723	2,364,465	2,333,676	2,243,205	2,150,900	2,138,992	2,194,698	2,177,320	1,880,630	1,826,525	1,856,750	1,862,760	15,713,628	15,157,114	15,101,679	13,178,020	13,278,255	13,173,962	12,842,768	11,563,544	12,085,043	12,572,773	12,029,846	11,970,800	4,438,827	3,928,353	1,875,549	1,913,352	751,180	751,525	932,686	1,939,579	0	933,834	934,063	-	1,026,005	-	1,056,406	0
Short Term Debt	512,000	31,000	33,000	34,000	50,000	33,000	35,000	37,000	37,732	38,410	39,337	38,919	40,530	38,887	37,270	36,604	54,466	67,801	70,754	69,793	71,359	72,258	69,196	73,043	370,864	369,797	367,489	362,909	362,074	365,913	365,126	551,295	530,700	532,295	532,180	531,010	534,956	516,919	500,000	750,000	750,000	728,273	728,273	728,273	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Short Term Investments	2,235,000	135,772,000	133,607,000	122,786,000	5,582,000	105,457,000	103,699,000	107,394,000	14,737,051	14,005,354	13,659,631	15,403,434	14,133,001	9,900,593	764,923	864,749	554,387	551,681	713,061	707,316	392,932	390,448	1,182,771	225,510	364,649	198,900	1,049,529	4,946	4,680	4,776	5,269	5,356	5,700	5,431	6,397	6,247	6,353	7,520	7,646	9,244	9,199	9,093	8,356	14,827,631	14,827,631	14,115,914	14,493,254	5,764,808	5,159,431	2,878,636	3,251,564	2,145,515	3,263,164	1,722,662	1,630,877	0	1,554,155	1,425,010	-	958,645	-	2,037,065	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	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Total Assets	313,488,000	283,235,000	281,984,000	13,368,661	13,793,947	250,340,000	247,850,000	261,555,000	30,501,894	28,290,642	27,541,346	27,410,138	23,669,084	18,627,870	17,958,408	16,322,797	8,542,117	8,064,304	7,348,244	6,721,500	5,991,654	6,972,158	6,639,013	6,948,497	6,991,070	6,860,354	6,221,920	6,261,563	5,629,553	5,490,215	5,162,231	4,360,767	4,559,808	4,818,050	4,901,700	23,647,801	23,178,837	24,097,605	22,447,391	22,912,382	22,477,981	22,148,374	20,620,024	21,289,337	20,636,858	19,569,404	19,232,157	9,100,674	7,975,873	5,330,771	7,389,727	6,515,039	6,552,372	5,282,124	4,974,048	0	3,385,197	3,075,727	-	2,474,532	-	4,637,060	0
Total Current Assets	176,609,000	150,707,000	148,894,000	3,213,889	3,084,695	119,123,000	118,617,000	120,195,000	2,118,894	4,417,218	4,690,956	3,967,144	3,023,763	3,251,592	2,278,336	2,034,803	1,993,464	1,839,754	1,554,185	1,152,296	1,188,330	1,431,170	1,672,923	1,586,563	3,181,532	2,854,770	2,683,039	2,827,871	2,455,537	2,280,745	2,005,824	1,340,198	1,624,549	1,828,907	2,045,406	2,781,292	3,551,096	4,000,718	4,528,540	4,505,221	4,821,003	4,742,017	4,953,369	5,369,142	19,817,683	18,735,969	18,373,228	8,320,789	7,189,170	4,552,111	6,643,295	5,768,079	5,787,742	4,492,011	4,154,528	0	2,544,731	2,221,051	-	1,568,120	-	3,829,412	0
Total Current Liabilities	216,445,000	201,283,000	198,415,000	3,411,929	3,330,429	177,997,000	174,601,000	175,806,000	2,931,796	2,586,058	2,217,539	2,154,250	1,642,027	1,681,546	1,419,001	1,945,035	1,439,059	1,537,509	1,250,389	1,179,799	1,130,910	1,433,767	1,324,843	1,426,240	1,748,172	1,958,214	1,738,304	1,839,989	1,782,706	1,814,276	1,648,140	1,677,250	1,690,797	1,741,812	1,716,511	1,823,848	1,782,911	2,247,815	2,372,280	2,606,900	2,657,765	2,655,030	2,529,877	2,673,341	1,681,794	1,896,556	1,704,276	1,443,225	1,243,885	1,257,688	1,646,525	871,404	1,533,008	986,541	913,684	0	936,349	983,381	-	1,069,907	-	1,028,765	0
Total Liab	288,243,000	265,560,000	264,657,000	8,771,791	9,295,046	247,454,000	239,689,000	241,277,000	18,537,494	18,066,543	17,912,200	18,511,267	17,373,119	14,438,866	13,716,471	12,823,763	5,503,990	5,221,871	4,807,254	4,279,260	3,539,814	3,978,329	3,817,036	4,041,741	4,093,274	4,268,371	3,868,732	3,913,772	3,762,025	3,879,350	3,647,520	3,173,773	3,170,827	3,298,627	3,302,740	17,849,028	17,235,376	17,928,695	15,780,213	16,125,460	15,789,259	15,762,872	14,382,972	15,113,636	14,933,475	14,577,035	14,311,814	6,115,600	5,327,552	3,177,148	3,684,683	3,267,372	3,470,953	3,119,390	3,117,223	0	2,086,087	2,070,874	-	2,148,747	-	2,482,864	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,993,829	2,821,977	2,906,756	2,897,796	2,591,983	2,353,188	2,347,791	1,867,528	1,610,865	1,514,711	0	0	0	0	0	0	0	0	0	0	0	6,237,052	6,175,701	5,703,383	4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Total Stockholder Equity	14,044,000	8,442,000	8,229,000	1,783,621	1,848,251	-1,339,000	3,679,000	10,993,000	3,789,141	2,647,906	2,365,081	1,937,165	1,429,315	1,089,564	929,031	556,638	1,852,222	1,764,617	1,379,273	1,321,491	1,376,196	1,627,409	1,550,055	1,554,870	1,462,926	1,329,491	1,222,049	1,177,340	835,116	723,094	685,310	549,360	649,505	716,110	739,755	1,656,947	1,786,482	1,995,214	2,391,983	2,513,627	2,637,269	2,712,282	2,723,293	2,758,371	2,666,818	2,596,473	2,694,062	776,571	726,401	408,827	797,943	260,781	150,902	-155,780	-265,924	0	-304,036	-399,079	-	-497,058	-	80,503	0
Treasury 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	-6,237,052	-6,175,701	-5,703,383	-4,992,369	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Warrants	0	0	284,631	1,041,596	1,031,914	1,023,707	1,002,761	1,790,014	1,770,034	1,750,054	1,416,711	1,400,730	782,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Begin Period Cash Flow	11,128,000	2,088,000	2,466,531	1,621,310	662,875	848,060	813,664	617,322	1,205,663	1,079,537	947,451	744,731	382,269	366,226	381,367	763,053	209,347	240,222
Capital Expenditures	24,402,000	202,525	64,738	59,562	39,495	14,741	8,529	6,356	6,203	5,949	7,577	11,259	21,285	5,601	15,849	57,302	6,856	7,039
Cash And Cash Equivalents Changes	0	270,108	-378,197	845,221	0	-185,185	-62,391	196,342	-588,341	126,126	132,086	202,720	0	0	0	0	0	0
Cash Flows Other Operating	0	-5,071,866	-1,578,649	-2,754,179	0	805,387	562,241	279,164	287,024	-895,053	-777,677	-2,789,701	0	0	0	0	0	0
Change In Cash	6,563,000	9,040,000	-378,197	845,221	958,435	-185,185	-62,391	196,342	-588,341	126,126	132,086	202,720	362,462	16,043	-15,141	-381,686	553,706	-30,875
Change In Working Capital	3,435,000	7,119,000	966,636	-308,053	188,674	-405,921	-515,709	-383,537	350,583	572,306	144,923	-699,353	660,564	-989,748	-782,622	564,441	87,540	-23,187
Change Receivables	0	-232,757	27,509	-40,587	0	-108,684	-643,092	-617,282	1,500	-252,339	-130,525	5,779	0	0	0	0	0	0
Change To Account Receivables	0	0	995	-2,817	4,378	660	5,674	6,173	303,296	1,123,070	0	-973,578	968,250	0	0	0	0	0
Change To Inventory	0	0	491,434	43,889	191,495	-339,148	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-1,120,862	81,309	78,720	6,205	11,123	-75,743	6,720	-80,051	-120,326	-5,933	-85,259	0	489,939	132,244	0	0	0
Change To Netincome	0	1,520,300	-1,761,348	613,986	49,857	446,837	200,051	-42,384	-20,769	116,357	-489,483	33,190	0	0	0	0	0	0
Change To Operating Activities	0	3,975,000	569,083	68,611	163,303	-324,362	178,853	219,005	-104,533	-869,657	0	0	0	0	0	0	0	0
Depreciation	803,000	594,000	27,330	18,828	15,758	15,233	18,379	18,735	44,474	45,069	54,241	53,236	26,260	24,249	24,299	22,099	7,869	3,288
Dividends Paid	-1,034,000	962,000	553,962	586,188	471,930	438,525	380,238	239,109	433,304	1,209,487	1,004,538	467,340	102,598	74,560	16,866	72,777	0	190,503
End Period Cash Flow	17,691,000	11,128,000	2,088,334	2,466,531	1,621,310	662,875	751,273	813,664	617,322	1,205,663	1,079,537	947,451	744,731	382,269	366,226	381,367	763,053	209,347
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-17,800,000	3,586,475	999,308	-1,675,992	1,043,199	799,518	799,729	608,904	576,470	-378,866	1,017,805	254,292	722,536	-223,652	92,144	95,769	848,885	-1,832,543
Investments	-38,992,000	-561,197	-1,461,266	-211,947	-263,972	-246,217	-517,121	-271,826	-234,382	-59,923	-98,422	-126,917	0	0	0	0	0	0
Issuance Of Capital Stock	1,398,000	34,000	1,035,000	690,000	0	289,815	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	579,354	-633,362	490,476	1,313,886	303,267	109,952	532,706	331,697	-1,843,021	-1,475,810	515,897	0	0	0	0	0	0
Net Income	4,881,000	-4,746,000	4,267,895	466,802	1,536,843	19,251	1,443,639	970,307	350,495	729,922	2,373,994	3,047,795	-1,304,199	543,224	-95,390	-2,890,173	-569,651	1,787,001
Other Cashflows From Financing Activities	41,104,000	34,340,000	1,895,447	699,037	-534,954	-380,018	-397,543	-274,716	-534,774	-442,498	-479,314	-279,375	-567,291	500,673	-30,130	-216,911	-251,546	1,996,324
Other Cashflows From Investing Activities	0	97,889	319,686	250,659	-2,021	118,484	121,347	95,421	37,649	79,304	217,726	53,385	0	21,624	0	0	0	0
Other Non Cash Items	-911,000	174,409	-5,843,204	-2,030,767	-753,104	933,280	-543,628	-175,108	-286,986	-1,927,223	-1,737,082	-2,790,090	200,863	-985,429	-157,459	1,375,567	341,000	-4,223,527
Sale Purchase Of Stock	-561,000	-635,000	-299,352	-91,617	-110,726	-90,908	-18,463	-13,377	147	-312	-62,326	-128,064	454,356	-43	-3,485	0	0	0
Stock Based Compensation	1,026,000	540,000	1,180,663	213,140	189,648	173,228	91,450	102,983	97,676	126,653	126,605	598,654	1,149,753	1,118,412	1,100,106	1,125,184	989,849	630,561
Total Cash From Financing Activities	39,775,000	28,710,000	109,432	3,299,310	139,713	-752,184	-453,635	-236,157	-968,078	485,611	-1,005,023	21,960	-251,823	243,761	-106,264	-348,299	-272,922	1,804,040
Total Cash From Operating Activities	6,602,000	3,789,000	1,064,046	-1,616,430	1,082,694	814,259	808,258	615,260	582,673	-372,917	1,025,382	265,551	743,821	-218,051	107,993	153,071	855,741	-1,825,504
Total Cashflows From Investing Activities	0	498,474	-1,551,675	-837,659	-263,972	-247,260	-417,014	-182,761	-202,936	13,432	111,727	-84,791	-129,536	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2008-12-31	2008-03-31	2007-03-31
Begin Period Cash Flow	13,838,000	14,784,000	18,085,000	11,128,000	13,236,000	14,510,000	12,434,000	2,088,000	3,815,598	4,155,350	3,433,596	2,466,531	2,661,869	1,692,963	1,296,645	1,621,310	1,304,393	1,030,461	771,344	662,875	911,329	1,155,967	1,066,987	848,060	941,043	1,080,477	1,092,098	813,664	932,946	863,996	549,403	617,322	839,768	840,125	929,856	1,205,663	1,412,983	1,095,646	1,130,141	1,079,537	1,138,822	1,203,500	899,272	947,451	753,190	624,295	645,236	744,731	808,305	837,086	459,844	382,269	590,171	483,503	444,803	366,226	489,025	339,801	784,992	763,053	209,347
Capital Expenditures	5,556,000	9,324,000	37,228	43,757	49,966	53,711	55,306	43,542	37,009	14,483	7,742	5,504	11,478	10,465	19,451	18,168	20,895	8,976	4,726	4,898	4,731	4,902	2,934	2,174	2,600	2,313	2,614	1,002	1,435	1,218	1,394	2,309	1,188	785	1,427	2,803	1,616	1,623	1,190	1,520	802	2,106	3,317	1,352	3,158	3,815	3,455	831	1,354	7,806	9,304	2,821	2,374	1,058	1,240	929	1,409	1,775	7,545	7,729	1,245
Cash And Cash Equivalents Changes	0	0	-830,086	80,332	459,293	-355,767	-47,716	214,298	-1,727,264	-339,752	721,754	967,065	-195,338	968,906	396,318	-324,665	0	273,932	259,117	108,469	-248,454	-244,638	88,980	218,927	-189,770	-139,434	-11,621	278,434	-119,282	68,950	314,593	-67,919	0	0	0	0	-207,320	317,337	-34,495	50,604	0	0	0	-48,179	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-1,379,059	358,814	-2,792,016	-189,367	-42,783	-2,047,700	-1,222,958	182,396	509,769	-1,047,856	-4,760,139	284,249	-109,227	1,830,938	0	156,760	-37,186	56,363	326,429	125,822	127,278	225,858	27,173	561,364	-79,296	53,000	97,655	91,995	-46,646	136,160	0	0	0	0	-97,476	-1,295,769	338,018	160,174	0	0	0	134,253	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	3,853,000	-357,000	-3,301,000	6,957,000	-2,108,000	-1,274,000	2,076,000	10,346,000	-1,727,264	-339,752	721,754	967,065	-195,338	968,906	396,318	-324,665	316,917	273,932	259,117	108,469	-248,454	-244,638	88,980	218,927	-189,770	-139,434	-11,621	278,434	-119,282	68,950	314,593	-67,919	-222,446	-357	-89,731	-275,807	-207,320	317,337	-34,495	50,604	-59,285	-64,678	304,228	-48,179	194,261	128,895	-20,941	-99,495	-63,574	-28,781	377,242	77,575	-207,902	106,668	38,700	78,577	-122,799	149,224	-403,625	135,053	301,312
Change In Working Capital	121,000	-1,707,000	3,580,000	1,441,000	-1,028,000	2,453,000	5,319,000	375,000	56,522	-251,924	27,121	1,134,917	-97,727	264,877	370,866	-846,069	-83,880	197,817	-46,377	121,114	-448,021	158,756	-14,357	-102,299	-371,612	-37,597	-22,335	-84,165	-309,880	-38,980	-156,013	121,336	-46,340	202,539	169,017	25,367	-254,034	891,266	-326,027	261,101	-39,305	-8,485	274,980	-82,267	-367,915	-186,414	223,567	-368,591	-254,484	1,125,638	-48,537	-162,053	-887,780	-136,868	23,684	11,216	-789,523	54,972	-243,053	234,704	-94,145
Change Receivables	0	0	-64,523	-46,981	-161,047	29,460	-771,676	670,506	40,399	98,804	-140,786	29,092	25,269	7,815	157,513	-231,184	0	8,273	-68,637	-4,527	-42,987	-17,111	15,255	-63,841	-269,770	-313,609	115,603	-175,316	-218,604	-184,774	-201,661	-12,243	0	0	0	0	-80,935	-51,571	-64,124	-55,709	0	0	0	-16,812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	-111	9,678	-9,948	1,376	-4,203	-164	-164	1,550	679	-3,093	0	6,792	918	8,771	-9,605	576	5,674	0	0	0	6,173	0	0	141,261	304,796	239,836	72,349	0	1,123,070	683,397	179,169	307,668	0	0	0	-250,320	-250,320	0	0	0	968,250	1,203,041	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	3,029	-47,056	9,912	525,549	207,623	183,429	0	-626,074	61,032	89,152	0	53,842	-276,996	10,603	35,486	-108,241	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	62,202	7,325	-341,260	-52,402	-621,355	-105,845	-245,346	102,814	-40,089	20,211	-70,148	77,367	93,787	-22,286	-89,132	30,308	40,601	-14,580	-91,067	57,519	21,372	23,299	-144,780	135,601	-34,367	-32,197	-173,000	110,929	72,682	-3,891	31,033	24,340	14,703	4,917	-223,000	101,857	-38,329	39,146	113,792	166,870	27,774	40,535	266,399	391,880	225,961	221,982	0	0	176,193	184,511	489,939	0	0	0	132,244	0	0	0	0
Change To Netincome	0	838,000	315,084	363,935	497,883	962,583	168,778	-108,944	-264,994	21,535	495,033	-754,753	-462,892	-264,113	-316,601	1,657,592	163,267	-206,565	-36,550	14,702	320,597	-108,589	102,243	132,586	258,048	-70,714	12,785	-68	-62,905	13,479	-67,056	74,098	173,906	0	0	0	219,382	76,274	46,817	-226,116	0	0	0	-87,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-2,125,000	2,370,000	2,370,000	743,000	2,349,000	3,077,701	-3,846,000	-171,907	-7,163	212,214	535,939	134,378	234,554	353,262	-653,583	2,509	112,834	20,301	27,659	-352,177	61,867	85,211	-119,263	178,853	199,484	-54,959	-23,244	219,005	33,538	-22,717	-10,274	-104,533	0	0	0	-869,657	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	217,000	241,000	180,000	165,000	161,000	162,000	138,000	133,000	7,435	6,865	6,978	6,052	5,770	4,509	4,071	4,478	4,316	4,050	3,748	3,644	4,018	3,641	3,697	3,877	3,138	6,796	4,060	4,385	4,596	4,646	4,862	4,631	11,127	11,176	11,193	10,978	11,085	11,150	11,115	11,719	12,638	12,790	14,195	14,618	16,215	16,567	11,982	8,472	6,625	6,687	6,902	6,046	6,229	5,874	6,041	6,105	6,130	6,071	5,621	6,336	830
Dividends Paid	-281,000	256,000	256,000	241,000	240,000	264,000	229,000	229,000	136,809	135,007	128,700	153,446	129,975	125,246	108,954	222,013	125,013	113,969	105,480	127,468	106,246	99,782	89,707	142,790	82,357	108,289	102,518	87,074	67,014	70,760	47,780	53,555	104,435	102,184	29,308	255,993	257,883	285,462	407,547	258,595	356,258	280,603	157,255	210,422	147,165	175,776	83,180	61,219	26,048	31,074	19,077	26,399	23,969	42,887	6,931	773	4,866	12,000	17,861	0	0
End Period Cash Flow	17,691,000	14,427,000	14,784,000	18,085,000	11,128,000	13,236,000	14,510,000	12,434,000	2,088,334	3,815,598	4,155,350	3,433,596	2,466,531	2,661,869	1,692,963	1,296,645	1,621,310	1,304,393	1,030,461	771,344	662,875	911,329	1,155,967	1,066,987	751,273	941,043	1,080,477	1,092,098	813,664	932,946	863,996	549,403	617,322	839,768	840,125	929,856	1,205,663	1,412,983	1,095,646	1,130,141	1,079,537	1,138,822	1,203,500	899,272	947,451	753,190	624,295	645,236	744,731	808,305	837,086	459,844	382,269	590,171	483,503	444,803	366,226	489,025	381,367	898,106	510,659
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-4,192,000	-364,000	3,551,000	1,071,000	1,465,000	2,344,000	3,973,000	-3,993,000	-1,109,958	1,029,348	1,314,173	-234,255	-3,142,624	566,877	50,309	849,446	226,787	375,426	153,783	287,203	38,638	370,913	350,614	39,353	138,174	248,610	209,113	203,832	40,654	269,775	176,590	121,885	15,725	254,447	778,127	-471,829	-86,421	-1,227,047	546,944	387,658	97,551	-891,409	927,890	883,773	-198,040	516,094	227,253	-291,015	88,649	81,537	-351,212	903,562	-438,074	329,783	-209,560	94,199	-116,310	145,523	-278,354	189,917	1,572,153
Investments	-14,688,000	-10,211,000	100,020	212,103	395,464	-753,125	-3,921,000	-1,203,895	-899,353	-379,895	760,605	-30,646	-61,221	726,754	-105,055	-772,425	-11,680	140,589	-31,595	-373,876	-86,049	-394,439	101,940	132,331	-202,020	-237,728	-33,844	-43,529	-38,724	-82,803	-83,053	-67,246	-172,806	0	0	0	-21,809	33,449	-36,647	-34,916	0	0	0	-39,318	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	345,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	897,000	1,207,551	1,122,467	-1,849,584	188,878	551,049	1,689,011	63,796	-140,329	-612,959	56,130	2,802,269	-102,166	471,720	18,756	307,951	307,951	455,964	550,000	549,971	3,591	-91,080	299,676	109,952	59,327	32,598	-20,597	331,697	-5,740	514,260	18,446	331,697	0	0	0	-317,816	-599,774	-6,695	-918,736	0	0	0	-911,775	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,799,000	640,000	750,000	1,538,000	960,000	-1,174,000	-3,002,000	-1,530,000	612,515	631,417	1,505,460	1,518,503	1,075,461	676,099	999,085	-2,283,843	358,021	521,094	342,161	315,567	-377,903	362,692	143,810	-109,348	461,304	434,363	192,942	355,030	394,347	234,718	415,803	-74,561	24,364	96,559	31,007	198,565	85,740	-67,764	252,302	459,644	730,169	695,590	148,170	800,065	584,381	197,796	1,834,477	431,141	293,284	-1,743,943	-104,645	251,105	786,213	132,332	-302,142	-73,179	19,670	158,100	-1,075,612	-96,404	144,041
Other Cashflows From Financing Activities	15,185,000	9,596,000	4,537,000	14,080,000	11,351,000	8,079,000	2,520,000	12,390,000	767,216	-191,567	-473,200	632,370	3,974,745	-114,689	574,245	-42,119	594,770	-137,846	263,527	-120,018	-98,871	-98,140	-195,237	6,898	-74,965	-101,022	-107,852	173,707	-77,183	-80,855	249,371	-68,640	-82,403	-101,579	-451,676	822,630	465,137	2,392,413	618,770	-183,378	1,270,119	1,488,616	8,120	-81,386	112,811	-50,657	-219,430	-122,099	-58,973	-68,611	1,155,474	-756,835	412,445	157,703	300,358	-16,631	-4,969	-6,239	119	-51,930	-1,251,110
Other Cashflows From Investing Activities	0	-27,719,000	10,312	12,820	36,935	18,684	31,154	11,116	73,275	96,120	110	55,281	59,316	51,174	108,964	31,205	-390	14,342	12,682	19,214	37,233	28,960	27,330	24,961	29,747	29,354	30,597	31,649	29,723	33,601	19,541	12,556	-23,927	0	0	0	29,502	20,676	-5,790	34,916	0	0	0	41,132	0	0	0	0	0	0	0	0	21,624	0	0	0	0	0	0	0	0
Other Non Cash Items	-1,339,000	-1,162,000	-1,508,000	-2,213,000	1,242,000	786,000	1,393,000	-3,139,000	-2,873,875	592,361	-431,667	-3,130,023	-4,304,541	-483,486	-1,494,839	4,252,099	-161,949	-182,518	-200,304	-208,333	775,184	-214,744	166,026	206,814	-237,484	-191,106	12,963	-128,001	-105,450	17,608	-150,348	63,082	-5,282	-91,160	550,755	-741,299	-6,395	-2,081,152	555,095	-394,771	-609,311	-1,654,562	434,633	92,158	-608,110	327,754	-1,988,238	-521,496	-263,527	432,844	-485,206	516,752	-656,174	21,818	-225,721	-125,352	372,726	-362,250	786,096	-235,788	1,522,565
Sale Purchase Of Stock	-26,000	-16,000	-77,000	-458,000	-172,000	-26,000	-211,000	-226,000	-98,747	-77,902	-122,703	208,485	-91,617	-27,412	-64,205	-64,205	-110,726	-4,610	-33,800	-72,316	-9,050	-29,376	-11,659	-40,823	0	-11,195	-7,117	-151	-374	-8	-76	-12,919	0	0	0	0	-73	34	2,040	-312	0	0	0	-62,326	-28,018	0	-49,725	-50,321	0	383,990	383,990	0	0	697	0	0	0	-3,485	0	0	0
Stock Based Compensation	604,000	142,000	140,000	140,000	130,000	117,000	125,000	168,000	1,014,999	56,218	52,998	56,448	51,872	49,726	59,420	52,122	57,244	42,665	44,662	45,077	49,585	50,334	37,784	35,525	21,118	24,485	22,740	23,107	28,780	26,163	34,038	14,002	23,890	31,404	22,279	20,103	25,445	13,761	28,536	58,911	18,225	20,109	43,597	44,674	163,267	144,407	142,114	148,866	290,580	288,208	287,358	283,607	282,892	281,914	279,960	273,646	275,476	275,122	280,867	283,277	189
Total Cash From Financing Activities	14,783,000	10,221,000	5,014,000	11,523,000	7,697,000	7,733,000	2,040,000	11,240,000	553,756	-268,143	-1,353,134	1,176,953	3,766,000	-375,899	342,100	-432,891	80,915	-256,425	124,247	190,976	-214,167	-227,298	-390,904	80,185	-157,734	-164,896	-217,487	86,482	-150,935	-151,623	201,515	-135,114	-186,838	-203,763	-812,549	235,072	-128,592	1,490,259	-539,002	-337,054	-182,069	777,785	-666,973	-933,766	338,952	-414,040	-91,981	189,029	-91,412	-99,845	723,013	-783,579	207,315	-221,535	275,844	-17,863	-5,199	-18,664	-72,896	-53,285	-1,266,831
Total Cash From Operating Activities	1,364,000	-364,000	3,551,000	1,071,000	1,465,000	2,344,000	3,973,000	-3,993,000	-1,072,949	1,043,831	1,321,915	-228,751	-3,131,146	577,342	69,760	867,614	247,682	384,402	158,509	292,101	43,369	375,815	353,548	41,527	140,774	250,923	211,727	204,834	42,089	270,993	177,984	124,194	16,913	255,232	779,554	-469,026	-84,805	-1,225,424	548,134	389,178	98,353	-889,303	931,207	885,125	-194,882	519,909	230,708	-290,184	90,003	89,343	-341,908	906,383	-435,700	330,841	-208,320	95,128	-114,901	147,298	-270,809	197,646	1,573,398
Total Cashflows From Investing Activities	0	-27,719,000	73,104	181,166	728,543	-787,192	1,448,649	-891,526	-1,208,071	-1,115,440	752,973	18,863	-830,192	767,463	-15,542	-759,388	-11,680	145,955	-23,639	-374,608	-77,656	-393,155	126,336	97,215	-172,810	-225,461	-5,861	-12,882	-10,436	-50,420	-64,906	-56,999	-202,936	-150,415	-98,589	-41,853	6,077	52,502	-43,627	-1,520	111,727	87,296	40,456	462	-84,791	-134,982	0	1,660	-129,536	-67,371	-49,092	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cost Of Revenue	3,739,000	1,943,189	3,493,380	1,088,698	1,261,087	574,999	1,035,405	849,187	537,429	740,559	1,594,235	1,745,361	1,340,778	1,943,350	1,495,010	843,600	1,450,330	266,772
Depreciation And Amortization	804,000	594,000	27,330	18,828	15,758	15,233	18,379	18,735	44,474	45,069	54,241	53,236	26,260	24,249	24,299	22,099	7,869	3,288
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	5,882,000	115,896	1,805,842	1,412,668	1,312,395	290,750	1,716,688	959,760	266,526	663,753	1,980,846	2,933,781	-1,351,314	59,288	-604,962	-1,590,837	-926,409	38,039
Ebitda	6,686,000	994,896	1,833,172	1,431,496	1,328,153	305,983	1,735,067	978,495	311,000	708,822	2,035,087	2,987,017	-1,325,054	83,537	-580,663	-1,568,738	-918,540	41,327
Effect Of Accounting Charges	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	-254,300	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	29,474,000	1,608,167	2,458,218	1,265,321	1,670,762	518,066	1,574,768	1,121,197	504,241	819,524	2,139,336	1,114,604	-1,169,146	166,548	-528,282	-1,110,305	-812,480	79,708
Income Before Tax	5,586,000	2,204,240	4,862,274	553,768	1,407,849	105,272	1,769,584	1,061,014	377,228	877,167	2,481,563	3,113,205	-1,292,270	634,961	-66,676	-2,927,168	1,247,181	1,793,477
Income Tax Expense	-923,000	209,920	594,379	86,966	-128,994	86,021	325,945	90,707	26,733	147,245	107,569	65,410	11,929	91,737	28,714	-36,995	6,726	6,476
Interest Expense	145,000	130,509	139,090	380,962	98,369	59,374	52,873	43,482	30,071	22,393	29,260	37,116	40,850	35,436	50,252	62,622	345,968	8,839
Interest Income	178,000	659,000	3,172,447	243,119	213,587	20,654	6,421	4,072	160,579	0	0	0	0	0	0	0	0	0
Minority Interest	-1,017,000	1,060,453	2,429,404	310,188	1,185,905	29,627	814,535	567,457	215,998	-561,693	-1,714,603	-2,736,838	0	448,607	59,786	0	0	0
Net Income	5,047,000	1,994,320	4,267,895	466,802	1,536,843	-10,376	629,104	402,850	134,497	168,229	659,391	310,957	-468,826	94,617	-155,176	-912,258	-569,651	372,979
Net Income Applicable To Common Shares	0	897,211	1,801,835	119,958	771,306	-42,038	629,104	402,850	134,497	168,229	4,088,597	5,784,633	0	94,617	0	0	0	0
Net Income From Continuing Ops	2,696,000	1,994,320	4,267,895	466,802	1,536,843	19,251	1,443,639	970,307	350,495	729,922	2,373,994	3,047,795	0	0	0	0	0	0
Net Interest Income	-51,000	-80,755	-134,835	74,462	-62,847	-38,720	-46,452	-39,410	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	1,374,641	3,024,906	-222,287	0	-84,854	519,460	256,548	166,533	360,647	689,707	2,301,085	0	0	0	0	0	0
Non Recurring	0	130,509	139,090	133,239	0	59,374	52,873	43,482	30,071	22,393	29,260	37,116	0	0	0	0	0	0
Operating Income	5,882,000	115,896	1,805,842	1,412,668	1,312,395	251,622	1,316,910	874,197	249,180	554,335	1,863,540	812,120	-1,369,968	-12,052	-689,525	-1,552,852	-978,909	-1,746
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	24,896,000	2,591,248	3,970,378	1,442,915	1,591,429	841,443	1,293,263	1,096,187	792,490	1,005,748	1,870,031	1,988,458	1,541,600	2,121,950	1,656,253	1,286,147	1,616,759	348,226
Preferred Stock And Other Adjustments	0	36,656	36,656	36,656	0	31,662	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	804,000	594,000	27,330	18,828	15,758	15,233	18,379	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	2,567,000	648,059	476,998	354,217	330,342	266,444	257,858	247,000	210,587	220,120	221,555	189,861	174,562	127,026	94,955	0	118,442	78,166
Tax Provision	590,000	-1,069,000	594,379	86,966	-128,994	86,021	325,945	90,707	26,733	0	0	0	0	0	0	0	0	0
Total Operating Expenses	27,331,000	648,059	476,998	354,217	330,342	266,444	257,858	247,000	255,061	265,189	275,796	243,097	200,822	178,600	161,243	442,547	166,429	81,454
Total Other Income Expense Net	-2,731,000	2,088,344	3,056,432	-858,900	95,454	-107,630	499,126	226,227	154,887	334,833	635,017	2,269,121	113,817	680,921	671,651	-1,331,062	2,519,558	1,765,639
Total Revenue	33,213,000	10,968,000	5,951,598	2,354,019	2,931,849	1,093,065	2,610,173	1,970,384	1,041,670	1,560,083	3,733,571	2,859,965	171,632	2,109,898	966,728	-266,705	637,850	346,480

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-09-30	2008-03-31	2007-03-31
Cost Of Revenue	250,000	254,000	257,000	669,567	386,146	386,000	309,000	734,000	1,509,610	501,668	595,544	174,630	542,175	404,732	586,398	-444,607	478,821	257,970	236,609	287,687	-13,594	226,115	223,404	139,074	309,383	270,634	186,344	269,044	305,204	208,906	261,446	73,631	103,691	104,589	172,784	156,365	119,186	98,585	279,321	243,467	285,266	526,640	240,027	542,302	598,628	446,851	236,886	462,996	549,565	210,490	418,783	624,653	790,623	463,853	313,997	411,563	1,495,010	0	342,646	843,600	-	268,067	109,471
Depreciation And Amortization	-825,000	241,000	180,000	165,000	446,000	162,000	138,000	133,000	7,435	6,865	6,978	6,052	5,770	4,509	4,071	4,478	4,316	4,050	3,748	3,644	4,018	3,641	3,697	3,877	3,138	6,796	4,060	4,385	4,596	4,646	4,862	4,631	11,127	11,176	11,193	10,978	11,085	11,150	11,115	11,719	12,638	12,790	14,195	14,618	16,215	16,567	11,981	8,472	6,625	6,687	6,902	6,046	6,229	5,874	6,041	6,105	6,130	6,071	6,109	5,621	5,275	6,336	830
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Ebit	1,974,000	1,172,000	1,144,000	250,762	-301,599	-1,232,000	-3,318,000	-2,143,000	-593,012	611,023	901,429	1,416,133	1,151,727	533,754	576,597	-1,117,983	338,944	326,190	332,669	322,390	-132,544	228,709	236,188	-26,370	753,951	394,431	199,741	368,565	343,891	258,671	373,883	-16,685	12,275	28,818	134,427	64,130	113,780	67,837	257,972	224,164	449,366	597,327	207,985	726,168	514,201	243,557	-93,404	309,759	83,238	-1,367,458	-154,821	87,727	565,681	-39,653	-274,740	-185,832	-28,393	-148,218	-203,635	-341,962	-621,248	-321,086	2,331
Ebitda	1,149,000	1,413,000	1,324,000	415,762	144,401	-1,070,000	-3,180,000	-2,010,000	-585,577	617,888	908,407	1,422,185	1,157,497	538,263	580,668	-1,113,505	343,260	330,240	336,417	326,034	-128,526	232,350	239,885	-22,493	757,089	401,227	203,801	372,950	348,487	263,317	378,745	-12,054	23,402	39,994	145,620	75,108	124,865	78,987	269,087	235,883	462,004	610,117	222,180	740,786	530,416	260,124	-81,423	318,231	89,863	-1,360,771	-147,919	93,773	571,910	-33,779	-268,699	-179,727	-22,263	-142,147	-197,526	-336,341	-615,973	-314,750	3,161
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Gross Profit	10,852,000	2,341,000	13,445,000	573,922	286,699	2,593,000	1,963,000	141,000	-314,335	577,630	786,781	2,120,070	754,321	613,542	921,937	-1,469,086	435,951	444,751	399,970	390,090	-114,885	291,616	299,912	27,829	560,135	393,598	246,528	374,507	380,176	294,825	399,001	47,195	89,960	88,679	178,943	120,453	156,210	122,550	292,831	247,933	509,882	605,449	257,234	766,771	560,593	265,522	-25,258	313,747	96,429	-1,690,070	-109,907	696,342	557,750	-5,202	-234,717	223,594	-1,040,401	213,685	-200,937	-822,903	-310,311	-252,638	15,439
Income Before Tax	1,961,000	883,000	951,000	413,961	107,421	-1,359,000	-3,489,000	-2,138,000	708,163	732,851	1,699,511	1,721,749	1,228,600	765,456	1,139,408	-2,579,696	424,372	289,198	359,058	335,221	-338,478	381,784	162,734	-100,768	732,323	450,905	192,165	394,191	422,546	264,385	453,791	-79,708	29,900	103,150	157,166	204,079	136,023	-38,388	287,339	492,193	753,816	742,794	166,309	818,644	602,664	219,713	1,692,877	445,701	312,690	-1,763,790	-101,095	259,925	830,312	163,188	-289,415	-69,124	23,251	176,117	122,694	-1,100,602	-1,053,105	-463,418	832,418
Income Tax Expense	-1,749,000	243,000	201,000	61,472	22,069	-185,000	-487,000	-608,000	95,648	101,434	194,051	203,246	153,139	89,357	140,323	-295,853	66,351	-231,896	16,897	19,654	39,425	19,092	18,924	8,580	271,019	16,542	-777	39,161	28,199	29,667	37,988	-5,147	5,536	6,591	9,092	5,514	50,283	29,376	35,037	32,549	23,647	47,204	18,139	18,579	18,283	21,917	10,650	14,560	19,406	-19,847	3,550	8,820	44,099	30,856	12,727	4,055	3,581	18,017	945	-24,990	-4,670	-2,494	1,771
Interest Expense	47,000	64,000	54,000	34,302	32,219	64,000	65,000	41,000	34,657	155,855	166,485	351,936	282,540	34,889	184,336	31,242	28,126	27,833	23,302	19,108	15,206	15,209	15,162	13,797	13,376	13,303	13,195	12,999	12,977	12,832	9,800	7,873	7,617	7,529	7,485	7,440	7,366	7,389	4,524	3,114	6,969	7,179	7,594	7,518	8,033	7,136	10,567	11,380	9,851	9,790	10,327	10,882	7,772	7,340	9,502	10,822	11,875	12,272	12,748	15,360	15,499	16,564	3,253
Interest Income	43,000	59,000	41,000	37,000	30,000	69,000	61,000	208,000	1,329,095	317,367	1,059,442	798	580,819	268,076	3,994	7,934	118,822	10,152	8,710	35,371	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-825,000	42,000	151,472	135,106	1,571,086	61,922	951,000	-686,654	368,963	373,095	7,264,065	839,613	641,357	403,700	552,756	-1,287,625	1,185,905	157,824	177,338	166,510	-190,658	191,171	80,200	-51,086	272,028	231,411	101,262	209,834	227,380	140,099	241,711	-41,733	18,273	55,508	-91,646	50,571	-63,558	69,974	-180,634	-387,475	571,009	-503,074	89,433	-551,087	412,872	115,005	1,875,863	333,098	282,351	-1,277,017	-53,656	212,949	579,930	108,192	0	0	59,786	0	-	0	-	0	0
Net Income	2,756,000	682,000	599,000	352,489	85,352	-1,174,000	-3,002,000	-1,530,000	243,552	258,322	657,727	678,890	434,104	272,399	446,329	-996,218	166,043	363,270	164,823	149,057	-187,245	171,521	63,610	-58,262	189,276	202,952	91,680	145,196	166,967	94,619	174,092	-32,828	6,091	41,051	56,428	30,927	22,182	2,210	71,668	72,169	159,160	192,516	58,737	248,978	171,509	82,791	-41,386	98,043	10,933	-466,926	-50,989	38,156	206,283	24,140	-75,124	-60,682	5,049	-46,671	-37,375	-245,200	-481,797	-96,404	144,041
Net Income Applicable To Common Shares	0	636,000	103,671	208,219	236,185	-876,000	-2,051,000	587,804	234,388	240,899	624,747	669,726	424,940	263,236	437,164	-1,005,382	151,175	354,106	155,659	139,893	-200,791	162,357	54,658	-58,262	189,276	202,952	91,680	145,196	166,967	94,619	174,092	-32,828	6,091	41,051	56,428	30,927	-752,768	2,210	71,668	847,119	159,160	1,198,664	58,737	1,351,152	171,509	82,791	-98,043	98,043	10,933	-466,926	-50,989	38,156	206,283	24,140	0	0	0	0	-	0	-	0	0
Net Income From Continuing Ops	3,581,000	640,000	264,308	352,489	443,126	85,352	-3,002,000	1,283,622	612,515	631,417	1,505,460	1,518,503	1,075,461	676,099	999,085	-2,283,843	358,021	521,094	342,161	315,567	-395,063	362,692	143,810	-92,188	461,304	434,363	192,942	355,030	394,347	234,718	415,803	-74,561	350,495	96,559	148,074	0	85,740	-67,764	252,302	459,644	0	695,590	0	800,065	0	0	0	0	0	-1,743,943	-104,645	0	0	0	0	0	0	0	-	0	-	0	0
Net Interest Income	-37,000	-5,000	-13,000	-2,018	-16,842	-24,000	109,000	198,000	-33,959	9,074	62,580	-34,001	159,471	-33,404	-28,297	-23,308	-18,542	-17,681	-14,592	-12,032	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	70,084	57,369	131,495	14,149	200,627	1,028,370	1,209,680	302,460	1,063,973	448,793	604,670	278,237	333,850	-1,439,044	0	-42,151	65,004	35,461	-149,650	176,780	-59,188	-52,796	254,857	144,156	23,819	96,628	135,530	42,911	136,742	-58,635	0	84,793	49,978	0	58,314	-82,135	69,556	314,912	0	210,820	0	132,173	0	0	0	0	0	-442,310	70,035	0	0	0	0	0	0	0	-	0	-	0	0
Non Recurring	0	0	0	34,302	33,865	32,219	31,432	32,993	34,657	34,820	34,814	34,799	34,817	34,889	32,291	31,242	0	27,833	23,302	19,108	15,206	15,209	15,162	13,797	13,376	13,303	13,195	12,999	12,977	12,832	9,800	7,873	8,414	7,529	7,485	0	7,366	7,389	4,524	3,114	0	7,179	0	7,518	0	0	0	0	0	9,790	10,327	0	0	0	0	0	0	0	-	0	-	0	0
Operating Income	1,974,000	1,351,000	12,508,000	250,762	-301,599	-1,232,000	-3,318,000	-2,143,000	572,693	466,033	670,943	1,308,292	659,177	522,720	838,208	-1,109,001	344,423	359,438	318,131	318,428	-172,884	220,959	237,395	-33,848	492,195	325,449	186,799	312,467	320,461	236,259	328,913	-11,436	16,351	28,503	116,338	61,365	86,462	59,896	225,796	182,181	432,667	542,338	185,188	703,347	479,609	199,501	-94,767	253,513	36,882	-1,732,670	-160,803	54,761	495,362	-40,012	-273,328	-204,896	-58,759	-178,580	-236,500	-302,970	-611,657	-325,199	-13,177
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Other Operating Expenses	9,128,000	1,504,000	12,647,000	852,595	547,354	4,279,000	5,785,000	3,234,000	1,659,323	613,265	711,382	986,408	637,319	495,554	670,127	360,085	570,349	343,283	318,448	359,349	57,999	296,772	285,921	200,751	377,323	338,783	246,073	331,084	364,919	267,472	331,534	132,262	177,300	164,765	235,389	215,453	188,934	161,239	346,356	309,219	362,481	589,751	312,073	605,726	670,685	512,872	306,395	511,850	609,112	253,090	469,679	630,699	853,011	498,663	352,608	417,668	513,368	392,265	378,209	323,667	301,346	340,628	138,087
Preferred Stock And Other Adjustments	0	0	9,165	9,164	9,163	9,164	9,165	9,164	9,164	9,164	9,164	9,164	9,164	9,163	9,165	9,164	0	9,164	9,164	9,164	13,546	9,164	8,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	217,000	241,000	180,000	165,000	446,000	162,000	138,000	133,000	7,435	6,865	6,978	6,052	5,770	4,509	4,071	4,478	4,316	4,050	3,748	3,644	4,018	3,641	3,697	3,877	3,138	6,796	4,060	4,385	4,596	4,646	4,862	4,631	11,127	11,176	11,193	10,978	11,085	11,150	11,115	11,719	12,638	12,790	14,195	14,618	16,215	16,567	11,982	8,472	6,625	6,687	6,902	6,046	6,229	5,874	6,041	6,105	6,130	6,071	6,109	5,621	5,275	6,336	830
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	947,000	523,000	485,000	183,028	161,208	167,000	157,000	148,000	149,713	111,597	115,838	811,778	95,144	90,822	83,729	84,522	91,528	85,313	81,839	71,662	71,593	70,657	62,517	61,677	67,940	68,149	59,729	62,040	73,854	53,920	65,226	54,000	62,482	49,000	51,412	48,110	58,663	51,504	55,920	54,033	64,577	50,321	57,851	48,806	55,842	49,454	57,528	40,381	56,027	33,922	43,994	624,653	0	23,847	27,209	411,563	0	377,726	22,158	0	283,266	36,831	24,860
Tax Provision	-1,620,000	243,000	201,000	253,000	211,000	-185,000	-487,000	-608,000	95,648	101,434	194,051	203,246	153,139	89,357	140,323	-295,853	66,351	-231,896	16,897	19,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,128,000	1,250,000	12,390,000	183,028	161,208	3,893,000	5,476,000	2,500,000	149,713	111,597	115,838	811,778	95,144	90,822	83,729	84,522	91,528	85,313	81,839	71,662	71,593	70,657	62,517	61,677	67,940	68,149	59,729	62,040	59,715	58,566	70,088	58,631	73,609	60,176	62,605	59,088	69,748	62,654	67,035	65,752	77,215	63,111	72,046	63,424	72,057	66,021	69,509	48,854	59,547	42,600	50,896	630,699	62,388	34,810	38,611	417,668	-981,642	392,265	35,563	-519,933	301,346	72,561	28,616
Total Other Income Expense Net	-13,000	-203,000	-91,000	163,199	409,020	-127,000	-171,000	5,000	1,206,170	261,954	968,507	639,265	382,834	276,140	750,115	-1,447,387	98,491	-52,559	55,519	28,825	-157,525	170,623	-64,046	-56,682	250,012	137,255	17,939	93,920	114,063	39,766	133,382	-60,984	20,337	81,358	47,453	149,429	54,832	-93,138	63,341	309,798	325,296	204,331	-14,334	119,724	119,561	24,071	1,796,009	190,574	282,468	-442,980	69,423	204,906	342,215	210,181	-6,885	135,410	93,465	366,640	371,649	-785,740	-430,847	-128,407	833,924
Total Revenue	11,102,000	2,595,000	13,702,000	1,243,489	672,845	2,979,000	2,272,000	875,000	1,195,275	1,079,298	1,382,325	2,294,700	1,296,496	1,018,274	1,508,335	-1,469,086	914,772	702,721	636,579	677,777	-114,885	517,731	523,316	166,903	869,518	664,232	432,872	643,551	685,380	503,731	660,447	120,826	193,651	193,268	351,727	276,818	275,396	221,135	572,152	491,400	795,148	1,132,089	497,261	1,309,073	1,159,221	712,373	211,628	776,743	645,994	-1,479,580	308,876	696,342	1,348,373	458,651	79,280	223,594	454,609	213,685	141,709	20,697	-310,311	15,429	124,910

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

Gross Profit (+$)
totalRevenue	33,213,000
Cost of Revenue	-3,739,000
Gross Profit	29,474,000	29,474,000

Operating Income (+$)
Gross Profit	29,474,000
Operating Expense	-27,331,000
Operating Income	5,882,000	2,143,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	2,567,000
Selling And Marketing Expenses	0
Operating Expense	27,331,000	2,567,000

Net Interest Income (+$)
Interest Income	178,000
Interest Expense	-145,000
Other Finance Cost	-84,000
Net Interest Income	-51,000

Pretax Income (+$)
Operating Income	5,882,000
Net Interest Income	-51,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	5,586,000	8,613,000 EBIT - interestExpense = 5,737,000 4,124,000 5,192,000
Interest Expense	145,000
Earnings Before Interest and Taxes (EBIT)	5,882,000	5,731,000
Earnings Before Interest and Taxes (EBITDA)	6,686,000

After tax Income (+$)
Income Before Tax	5,586,000
Tax Provision	-590,000
Net Income From Continuing Ops	2,696,000	4,996,000
Net Income	5,047,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	24,896,000
Total Other Income/Expenses Net	-2,731,000	51,000

Technical Analysis of Apollo
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 Apollo. The general trend of Apollo is BULLISH with 42.9% 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 Apollo's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (42.9%)		Bearish trend (-42.9%)
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 Apollo Global Management LLC Class A.

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

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

The bullish price targets are: 116.55 < 117.15.

The bearish price targets are: 105.80 > 100.17 > 95.10.

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Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current macd is 0.11087015.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Apollo price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Apollo. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Apollo price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current adx is 16.11.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Apollo shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current sar is 113.99.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current rsi is 49.78. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

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

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current cci is 13.87.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current cmo is -1.85808124.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current willr is -47.4009264.

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

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

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current atr is 2.8448361.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current obv is 197,545,381.

Apollo Global Management LLC Class A 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 Apollo Global Management LLC Class A. The current mfi is 44.69.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Apollo Global Management LLC Class A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Apollo Global Management LLC Class A.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-12	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
2023-12-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-14	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-20	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-17	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-19	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-23	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-24	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
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-25	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-02	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-07	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-13	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-23	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-06	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-11	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-20	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-21	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	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).
2024-04-10	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-12	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-15	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-24	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-29	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside

6.3. Candlestick Patterns

Apollo Global Management LLC Class A Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Apollo Global Management LLC Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.782
Ma 20	Greater than	Ma 50	111.207
Ma 50	Greater than	Ma 100	111.201
Ma 100	Greater than	Ma 200	104.402
Open	Greater than	Close	112.810
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Apollo Global Management LLC Class A Buy, Hold or Sell?

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Quick analysis of Apollo (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Apollo (5 min.)

$110.91

$42.00

$-91.01 - $-56.20

$-49.00 - $-14.20

2. Growth of Apollo (5 min.)

Is Apollo growing?

How much money is Apollo making?

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

3. Financial Health of Apollo (5 min.)

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

Industry Rankings (Asset Management)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Apollo

About Apollo Global Management LLC Class A

Financial Health

Valuation

1.1. Profitability of Apollo Global Management LLC Class A.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Asset Management)

1.1.2. Return on Assets

Trends

Compared to industry (Asset Management)

1.1.3. Return on Equity

Trends

Compared to industry (Asset Management)

1.2. Operating Efficiency of Apollo Global Management LLC Class A.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Asset Management)

1.2.2. Operating Ratio

Trends

Compared to industry (Asset Management)

1.3. Liquidity of Apollo Global Management LLC Class A.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Asset Management)

1.3.2. Quick Ratio

Trends

Compared to industry (Asset Management)

1.4. Solvency of Apollo Global Management LLC Class A.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Asset Management)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Asset Management)

2. Market Valuation of Apollo Global Management LLC Class A

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Asset Management)

Apollo Global Management LLC Class A
Buy, Hold or Sell?