Civista Bancshares Inc
Buy, Hold or Sell?

Let's analyse Civista Bancshares Inc together

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

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

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

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Quick analysis of Civista Bancshares Inc (30 sec.)

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

How much money do you get?

$0.61

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$23.71

Expected worth in 1 year

$26.08

How sure are you?

85.0%

+ What do you gain per year?

Total Gains per Share

$2.98

Return On Investment

20.8%

For what price can you sell your share?

Current Price per Share

$14.31

Expected price per share

$13.48 - $15.49

How sure are you?

50%

1. Valuation of Civista Bancshares Inc (5 min.)

Live pricePrice per Share (EOD)

$14.31

Book Value per Share

$23.71

Intrinsic Value Per Share

$-31.41 - $5.93

Total Value Per Share

$-7.69 - $29.64

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.40) 3Y: ($0.57) TTM: ($0.80)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.02) 3Y: ($-0.08) TTM: ($-0.04)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.80	$2.05	$0.36 - $1.96
2	$0.43	$3.72	$-0.89 - $1.63
3	$-1.00	$5.04	$-2.13 - $1.30
4	$-3.35	$6.03	$-3.37 - $0.98
5	$-6.51	$6.71	$-4.62 - $0.65
6	$-10.40	$7.08	$-5.86 - $0.32
7	$-14.91	$7.17	$-7.11 - $-0.01
8	$-19.97	$7.00	$-8.35 - $-0.34
9	$-25.49	$6.58	$-9.60 - $-0.67
10	$-31.41	$5.93	$-10.84 - $-1.00

2. Growth of Civista Bancshares Inc (5 min.)

Is Civista Bancshares Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$372m	$316.7m	$33.7m	9.6%

How much money is Civista Bancshares Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$10.7m	$9.8m	$915k	8.5%
Net Profit Margin	24.6%	28.5%	-	-

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

Quarterly Yearly

3. Financial Health of Civista Bancshares Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of Civista Bancshares Inc?

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

Speculation

The Price per Share of Civista Bancshares Inc is $14.31. 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 Civista Bancshares Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Civista Bancshares Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $23.71. Based on the TTM, the Book Value Change Per Share is $0.59 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.32 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.15 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.62	4.3%	0.67	4.7%	0.63	4.4%	0.59	4.1%	0.39	2.7%
Usd Book Value Change Per Share	2.50	17.5%	0.59	4.1%	-0.32	-2.3%	0.30	2.1%	0.39	2.7%
Usd Dividend Per Share	0.16	1.1%	0.15	1.1%	0.14	0.9%	0.13	0.9%	0.09	0.6%
Usd Total Gains Per Share	2.66	18.6%	0.75	5.2%	-0.19	-1.3%	0.43	3.0%	0.48	3.4%
Usd Price Per Share	18.44	-	17.06	-	22.03	-	19.97	-	17.89	-
Price to Earnings Ratio	7.49	-	6.46	-	9.11	-	8.76	-	12.61	-
Price-to-Total Gains Ratio	6.93	-	16.98	-	25.43	-	22.72	-	88.26	-
Price to Book Ratio	0.78	-	0.76	-	1.09	-	0.96	-	1.26	-
Price-to-Total Gains Ratio	6.93	-	16.98	-	25.43	-	22.72	-	88.26	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	14.31
Number of shares	69

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.13
Usd Book Value Change Per Share	0.59	0.30
Usd Total Gains Per Share	0.75	0.43
Gains per Quarter (69 shares)	51.42	29.53
Gains per Year (69 shares)	205.70	118.11

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	42	163	196	35	83	108
2	84	327	402	70	166	226
3	127	490	608	105	249	344
4	169	654	814	140	333	462
5	211	817	1020	175	416	580
6	253	981	1226	210	499	698
7	296	1144	1432	245	582	816
8	338	1308	1638	280	665	934
9	380	1471	1844	315	748	1052
10	422	1635	2050	350	832	1170

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	1.0	0.0	97.5%	100.0	4.0	0.0	96.2%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	33.0	7.0	0.0	82.5%	69.0	35.0	0.0	66.3%
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%	104.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	34.0	6.0	0.0	85.0%	81.0	23.0	0.0	77.9%

Fundamentals of Civista Bancshares Inc

About Civista Bancshares Inc

https://www.civb.com
Banks - Regional
532
100 East Water Street, Sandusky, OH, United States, 44870-2514
Google Maps Bing Maps

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also holds and manages securities portfolio; leases general equipment; and provides captive insurance products. It operates in North Central, West Central, South Western Ohio, South Eastern Indiana, and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.

Fundamental data was last updated by Penke on 2024-04-11 04:14:06.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Civista Bancshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Civista Bancshares Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
A Net Profit Margin of 16.8% means that $0.17 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Civista Bancshares Inc:

The MRQ is 16.8%. The company is making a huge profit. +2
The TTM is 24.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	16.8%	TTM	24.6%	-7.8%
TTM	24.6%	YOY	28.5%	-3.9%
TTM	24.6%	5Y	29.0%	-4.3%
5Y	29.0%	10Y	24.6%	+4.4%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	16.8%	18.4%	-1.6%
TTM	24.6%	28.0%	-3.4%
YOY	28.5%	25.2%	+3.3%
5Y	29.0%	22.8%	+6.2%
10Y	24.6%	19.8%	+4.8%

Measures how much net profit Civista Bancshares Inc earns for each $1 of revenue.

Revenue is the amount of profit Civista Bancshares Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Civista Bancshares Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Civista Bancshares Inc is 0.17. This means that Civista Bancshares Inc earned $0.17 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Civista Bancshares Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Civista Bancshares Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Civista Bancshares Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Civista Bancshares Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Civista Bancshares Inc = 9,655
Total revenue MRQ Civista Bancshares Inc = 57,422
$9,655 / $57,422 = 0.17 or 16.8%

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 Civista Bancshares Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
0.3% Return on Assets means that Civista Bancshares Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Civista Bancshares Inc:

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

Trends

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

Compared to industry (Banks - Regional)

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

Shows how efficient Civista Bancshares Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Civista Bancshares Inc is using its resources to generate profit. If the return on assets (0.3%) from Civista Bancshares Inc are higher than the Banks - Regional mean (0.1%) that means Civista Bancshares Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Civista Bancshares Inc is 0.3%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Civista Bancshares Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Civista Bancshares Inc = 9,655
Total assets MRQ (balance sheet) from Civista Bancshares Inc = 3,861,418
9,655 / 3,861,418 = 0.00 or 0.3%

ROA is an important ratio as it will tell you how effectively Civista Bancshares Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Civista Bancshares Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
2.6% Return on Equity means Civista Bancshares Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Civista Bancshares Inc:

The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	3.1%	-0.5%
TTM	3.1%	YOY	3.1%	0.0%
TTM	3.1%	5Y	2.8%	+0.3%
5Y	2.8%	10Y	2.6%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	1.4%	+1.2%
TTM	3.1%	2.5%	+0.6%
YOY	3.1%	2.7%	+0.4%
5Y	2.8%	2.5%	+0.3%
10Y	2.6%	2.8%	-0.2%

Shows how efficient Civista Bancshares Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Civista Bancshares Inc is 2.6%. This means Civista Bancshares Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if Civista Bancshares Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Civista Bancshares Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Civista Bancshares Inc = 9,655
Shareholders equity (balance sheet) MRQ Civista Bancshares Inc = 372,002
9,655 / 372,002 = 0.03 or 2.6%

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 Civista Bancshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Civista Bancshares Inc is operating .

Measures how much profit Civista Bancshares Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
An Operating Margin of -0.6% means the company generated $-0.01 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Civista Bancshares Inc:

The MRQ is -0.6%. The company is operating very inefficient. -2
The TTM is 29.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	-0.6%	TTM	29.2%	-29.8%
TTM	29.2%	YOY	41.8%	-12.6%
TTM	29.2%	5Y	40.7%	-11.6%
5Y	40.7%	10Y	37.3%	+3.5%

Measures how efficient Civista Bancshares Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Civista Bancshares Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Civista Bancshares Inc is -0.6%. This means that Civista Bancshares Inc earned $-0.01 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Civista Bancshares Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Civista Bancshares Inc = -362
Total revenue MRQ Civista Bancshares Inc = 57,422
$-362 / $57,422 = -0.01 or -0.6%

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 Civista Bancshares Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.12 means that the operating costs are $0.12 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Civista Bancshares Inc:

The MRQ is 0.122. The company is very efficient in keeping operating costs low. +2
The TTM is -0.254.

Trends

Current period		Compared to		+/-
MRQ	0.122	TTM	-0.254	+0.376
TTM	-0.254	YOY	-0.087	-0.167
TTM	-0.254	5Y	-0.099	-0.156
5Y	-0.099	10Y	-0.073	-0.026

Measures how efficient Civista Bancshares Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Civista Bancshares Inc is 12.2%. This means that Civista Bancshares Inc earned $0.12 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Civista Bancshares Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +6,989) \ 57,422 = 0.12

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 Civista Bancshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Civista Bancshares Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.05 means the company has $0.05 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Civista Bancshares Inc:

The MRQ is 0.048. The company is unable to pay all its short-term debts. -2
The TTM is 0.336. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.048	TTM	0.336	-0.288
TTM	0.336	YOY	0.990	-0.654
TTM	0.336	5Y	80.443	-80.106
5Y	80.443	10Y	40.682	+39.761

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.336	0.124	+0.212
YOY	0.990	0.225	+0.765
5Y	80.443	0.219	+80.224
10Y	40.682	0.131	+40.551

Measures if Civista Bancshares Inc is able to pay off Short-term Debt.

How to use current ratio

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

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Civista Bancshares Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Civista Bancshares Inc is 0.05. This means Civista Bancshares Inc has $0.05 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Civista Bancshares Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
74,450 \ 1,560,723) = 0.05

The current ratio measures if Civista Bancshares Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Civista Bancshares Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Civista Bancshares Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Civista Bancshares Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.40 means the company can pay off $0.40 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Civista Bancshares Inc:

The MRQ is 0.400. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 2.595. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.400	TTM	2.595	-2.195
TTM	2.595	YOY	4.316	-1.721
TTM	2.595	5Y	35.239	-32.644
5Y	35.239	10Y	17.822	+17.417

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

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

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Civista Bancshares Inc is 0.40. This means that Civista Bancshares Inc can pay off $0.40 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Civista Bancshares Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Civista Bancshares Inc: (-60,406 + 618,272 +67,164) / 1,560,723 = 0.40

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

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

1.4. Solvency of Civista Bancshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Civista Bancshares Inc assets are financed with debt.

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

Let's take a look of the Debt to Asset Ratio trends of Civista Bancshares Inc:

The MRQ is 0.904. The company is just able to pay all its debts by selling its assets.
The TTM is 0.905. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.904	TTM	0.905	-0.002
TTM	0.905	YOY	0.902	+0.003
TTM	0.905	5Y	0.885	+0.021
5Y	0.885	10Y	0.889	-0.005

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.904	0.915	-0.011
TTM	0.905	0.917	-0.012
YOY	0.902	0.919	-0.017
5Y	0.885	0.919	-0.034
10Y	0.889	0.927	-0.038

Measures how much % of Civista Bancshares Inc assets are financed with debt.

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

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Civista Bancshares Inc is 0.90. This means means that Civista Bancshares Inc is financed with 90.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Civista Bancshares Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Civista Bancshares Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
3,489,416 \ 3,861,418 = 90.4% or 0.90.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Civista Bancshares Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 938.0% means that company has $9.38 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Civista Bancshares Inc:

The MRQ is 9.380. The company is unable to pay all its debts with equity. -1
The TTM is 9.561. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	9.380	TTM	9.561	-0.181
TTM	9.561	YOY	9.264	+0.296
TTM	9.561	5Y	7.880	+1.681
5Y	7.880	10Y	8.258	-0.378

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	9.380	10.829	-1.449
TTM	9.561	11.013	-1.452
YOY	9.264	11.363	-2.099
5Y	7.880	11.437	-3.557
10Y	8.258	13.038	-4.780

Measures if Civista Bancshares Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Civista Bancshares Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Civista Bancshares Inc is 9.38. This means that Civista Bancshares Inc can pay off $9.38 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Civista Bancshares Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
3,489,416 \ 372,002 = 9.38 or 938.0%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Civista Bancshares Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Civista Bancshares Inc to the Banks - Regional industry mean.
A PE ratio of 7.49 means the investor is paying $7.49 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Civista Bancshares Inc:

The EOD is 5.813. Based on the earnings, the company is cheap. +2
The MRQ is 7.490. Based on the earnings, the company is cheap. +2
The TTM is 6.464. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	5.813	MRQ	7.490	-1.678
MRQ	7.490	TTM	6.464	+1.026
TTM	6.464	YOY	9.114	-2.650
TTM	6.464	5Y	8.761	-2.297
5Y	8.761	10Y	12.607	-3.847

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	5.813	7.555	-1.742
MRQ	7.490	6.680	+0.810
TTM	6.464	5.295	+1.169
YOY	9.114	6.943	+2.171
5Y	8.761	9.770	-1.009
10Y	12.607	9.943	+2.664

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

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Civista Bancshares Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Civista Bancshares Inc is 7.49. This means the investor is paying $7.49 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Civista Bancshares Inc is performing over time. The most recent quarter might be important if Civista Bancshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Civista Bancshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Civista Bancshares Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 15,155 = EPS
PE ratio MRQ = 7.49

* 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 Civista Bancshares Inc:

The EOD is -6.992. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -9.010. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 0.263. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-6.992	MRQ	-9.010	+2.018
MRQ	-9.010	TTM	0.263	-9.273
TTM	0.263	YOY	-1.666	+1.929
TTM	0.263	5Y	9.056	-8.793
5Y	9.056	10Y	-10.466	+19.523

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-6.992	-2.112	-4.880
MRQ	-9.010	-1.868	-7.142
TTM	0.263	-0.342	+0.605
YOY	-1.666	6.448	-8.114
5Y	9.056	0.429	+8.627
10Y	-10.466	0.091	-10.557

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.78 means the investor is paying $0.78 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Civista Bancshares Inc:

The EOD is 0.603. Based on the equity, the company is cheap. +2
The MRQ is 0.778. Based on the equity, the company is cheap. +2
The TTM is 0.763. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.603	MRQ	0.778	-0.174
MRQ	0.778	TTM	0.763	+0.015
TTM	0.763	YOY	1.091	-0.329
TTM	0.763	5Y	0.955	-0.193
5Y	0.955	10Y	1.264	-0.309

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.603	0.436	+0.167
MRQ	0.778	0.386	+0.392
TTM	0.763	0.470	+0.293
YOY	1.091	0.642	+0.449
5Y	0.955	0.795	+0.160
10Y	1.264	1.025	+0.239

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Civista Bancshares Inc

Institutions are holding 54.116% of the shares of Civista Bancshares Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	8.0876	0.0006	1268722	127467	11.169
2023-12-31	Vanguard Group Inc	5.1253	0.0003	804009	12469	1.5753
2023-12-31	Dimensional Fund Advisors, Inc.	4.9585	0.0042	777851	23337	3.093
2023-12-31	Wellington Management Company LLP	3.8593	0.0021	605421	5400	0.9
2023-12-31	Manufacturers Life Insurance Co	3.041	0.0053	477052	-30903	-6.0838
2023-12-31	Pacific Ridge Capital Partners, LLC	2.5011	1.4694	392359	-8546	-2.1317
2023-12-31	Geode Capital Management, LLC	2.0482	0.0006	321304	7142	2.2733
2023-12-31	State Street Corporation	1.8643	0.0003	292448	5259	1.8312
2023-12-31	Mendon Capital Advisors Corp	1.2749	1.5301	200000	22590	12.7332
2023-09-30	RMB Capital Management, LLC	1.2749	0.106	200000	0	0
2023-12-31	Beese Fulmer Investment Management Inc	1.1893	0.3563	186570	-2739	-1.4468
2023-12-31	Hotchkis & Wiley Capital Management LLC	1.0911	0.0112	171160	11600	7.27
2023-12-31	Northern Trust Corp	1.0739	0.0006	168464	10333	6.5345
2023-12-31	Summit Financial Strategies, INC	0.9199	0.4066	144299	0	0
2023-12-31	Maltese Capital Management LLC	0.7968	0.6493	125000	-15000	-10.7143
2023-12-31	LSV Asset Management	0.7533	0.0048	118178	0	0
2023-12-31	Bank of New York Mellon Corp	0.7514	0.0004	117877	32923	38.7539
2023-12-31	Fort Washington Investment Advisors Inc	0.7321	0.0147	114844	0	0
2023-09-30	Fourthstone LLC	0.6991	0.3858	109662	56919	107.9176
2023-12-31	Wealthquest Corporation	0.5786	0.1855	90759	0	0
Total		42.6206	5.1341	6685979	+258251	+3.9%

3.2. Funds holding Civista Bancshares Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1742	0.0005	497943	0	0
2024-03-28	iShares Russell 2000 ETF	2.7626	0.0102	433374	210	0.0485
2024-01-31	JHancock Regional Bank A	1.4862	0.501	233144	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3302	0.0031	208665	0	0
2024-02-29	RMB Mendon Financial Services A	1.2749	1.6686	200000	0	0
2023-09-30	Pacific Ridge Capital Ptnrs Micro Cp Val	1.2281	1.4662	192652	75038	63.8002
2024-01-31	JH Financial Opportunities	1.1666	0.4505	183001	0	0
2024-02-29	DFA US Small Cap Value I	1.1295	0.0173	177185	947	0.5373
2024-03-28	iShares Russell 2000 Value ETF	0.978	0.0188	153420	-97	-0.0632
2024-01-31	Fidelity Small Cap Index	0.9663	0.0105	151592	3224	2.173
2024-02-29	DFA US Targeted Value I	0.7955	0.0145	124785	-5124	-3.9443
2024-02-29	Adara Smaller Companies	0.6786	0.3003	106460	0	0
2023-12-31	Wellington CIF Micro Cap Equity	0.5858	1.8637	91903	5400	6.2426
2024-02-29	Fidelity Extended Market Index	0.5235	0.0032	82126	-398	-0.4823
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5017	0.0028	78708	5100	6.9286
2024-03-29	Dimensional US Targeted Value ETF	0.4809	0.0116	75434	0	0
2023-12-31	Acuitas US Microcap Strategy	0.4701	0.3621	73744	-500	-0.6735
2023-07-20	Manulife US Bank Equity Mother Fund	0.4048	0.5507	63500	-17600	-21.7016
2024-02-29	DFA US Micro Cap I	0.3958	0.013	62090	7766	14.2957
2024-03-29	Avantis US Small Cap Value ETF	0.3838	0.0085	60205	0	0
Total		20.7171	7.2771	3249931	+73966	+2.3%

3.3. Insider Transactions

Insiders are holding 3.768% of the shares of Civista Bancshares Inc.

Date	Owner	Type	Amount	Price
2024-03-14	Charles A Parcher	BUY	1000	14.4
2024-02-20	Michael D Mulford	BUY	2000	15.82
2023-11-01	Gerald B Wurm	BUY	750	14.36
2023-05-04	Gerald B Wurm	BUY	3500	14.67

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	2.502	0.592	+323%	-0.325	+113%	0.301	+731%	0.392	+538%
Book Value Per Share	-	-	23.714	22.348	+6%	20.195	+17%	21.041	+13%	15.540	+53%
Current Ratio	-	-	0.048	0.336	-86%	0.990	-95%	80.443	-100%	40.682	-100%
Debt To Asset Ratio	-	-	0.904	0.905	0%	0.902	+0%	0.885	+2%	0.889	+2%
Debt To Equity Ratio	-	-	9.380	9.561	-2%	9.264	+1%	7.880	+19%	8.258	+14%
Dividend Per Share	-	-	0.160	0.153	+5%	0.135	+18%	0.127	+26%	0.092	+74%
Eps	-	-	0.615	0.667	-8%	0.628	-2%	0.586	+5%	0.392	+57%
Free Cash Flow Per Share	-	-	-0.512	0.803	-164%	0.298	-272%	0.544	-194%	0.401	-228%
Free Cash Flow To Equity Per Share	-	-	6.051	5.044	+20%	2.916	+107%	4.171	+45%	2.566	+136%
Gross Profit Margin	-	-	0.980	0.960	+2%	0.961	+2%	0.963	+2%	0.949	+3%
Intrinsic Value_10Y_max	-	-	5.927	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-31.407	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.047	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.802	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	5.044	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.997	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	6.705	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-6.514	-	-	-	-	-	-	-	-
Market Cap	224483832.000	-29%	289271968.000	267545196.000	+8%	345628234.000	-16%	319934571.616	-10%	284545126.011	+2%
Net Profit Margin	-	-	0.168	0.246	-32%	0.285	-41%	0.290	-42%	0.246	-32%
Operating Margin	-	-	-0.006	0.292	-102%	0.418	-102%	0.407	-102%	0.373	-102%
Operating Ratio	-	-	0.122	-0.254	+309%	-0.087	+172%	-0.099	+181%	-0.073	+160%
Pb Ratio	0.603	-29%	0.778	0.763	+2%	1.091	-29%	0.955	-19%	1.264	-38%
Pe Ratio	5.813	-29%	7.490	6.464	+16%	9.114	-18%	8.761	-15%	12.607	-41%
Price Per Share	14.310	-29%	18.440	17.055	+8%	22.033	-16%	19.972	-8%	17.894	+3%
Price To Free Cash Flow Ratio	-6.992	+22%	-9.010	0.263	-3528%	-1.666	-82%	9.056	-199%	-10.466	+16%
Price To Total Gains Ratio	5.375	-29%	6.926	16.977	-59%	25.432	-73%	22.722	-70%	88.257	-92%
Quick Ratio	-	-	0.400	2.595	-85%	4.316	-91%	35.239	-99%	17.822	-98%
Return On Assets	-	-	0.003	0.003	-14%	0.003	-17%	0.003	-22%	0.003	-11%
Return On Equity	-	-	0.026	0.031	-16%	0.031	-16%	0.028	-8%	0.026	+1%
Total Gains Per Share	-	-	2.663	0.745	+257%	-0.189	+107%	0.428	+522%	0.484	+450%
Usd Book Value	-	-	372002000.000	350580000.000	+6%	316798000.000	+17%	336412300.000	+11%	247477850.000	+50%
Usd Book Value Change Per Share	-	-	2.502	0.592	+323%	-0.325	+113%	0.301	+731%	0.392	+538%
Usd Book Value Per Share	-	-	23.714	22.348	+6%	20.195	+17%	21.041	+13%	15.540	+53%
Usd Dividend Per Share	-	-	0.160	0.153	+5%	0.135	+18%	0.127	+26%	0.092	+74%
Usd Eps	-	-	0.615	0.667	-8%	0.628	-2%	0.586	+5%	0.392	+57%
Usd Free Cash Flow	-	-	-8026000.000	12600750.000	-164%	4668750.000	-272%	8723600.000	-192%	6387700.000	-226%
Usd Free Cash Flow Per Share	-	-	-0.512	0.803	-164%	0.298	-272%	0.544	-194%	0.401	-228%
Usd Free Cash Flow To Equity Per Share	-	-	6.051	5.044	+20%	2.916	+107%	4.171	+45%	2.566	+136%
Usd Market Cap	224483832.000	-29%	289271968.000	267545196.000	+8%	345628234.000	-16%	319934571.616	-10%	284545126.011	+2%
Usd Price Per Share	14.310	-29%	18.440	17.055	+8%	22.033	-16%	19.972	-8%	17.894	+3%
Usd Profit	-	-	9655000.000	10741000.000	-10%	9826000.000	-2%	9444250.000	+2%	6459625.000	+49%
Usd Revenue	-	-	57422000.000	44848500.000	+28%	34258000.000	+68%	33228750.000	+73%	25086250.000	+129%
Usd Total Gains Per Share	-	-	2.663	0.745	+257%	-0.189	+107%	0.428	+522%	0.484	+450%
	EOD	+3 -5	MRQ	TTM	+19 -17	YOY	+17 -19	5Y	+20 -16	10Y	+22 -14

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	5.813
Price to Book Ratio (EOD)	Between	0-1	0.603
Net Profit Margin (MRQ)	Greater than	0	0.168
Operating Margin (MRQ)	Greater than	0	-0.006
Quick Ratio (MRQ)	Greater than	1	0.400
Current Ratio (MRQ)	Greater than	1	0.048
Debt to Asset Ratio (MRQ)	Less than	1	0.904
Debt to Equity Ratio (MRQ)	Less than	1	9.380
Return on Equity (MRQ)	Greater than	0.15	0.026
Return on Assets (MRQ)	Greater than	0.05	0.003
Total			4/10 (40.0%)

Create your own Stock Scanner

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	14.330
Total			1/1 (100.0%)

Create your own Symbol Scanner

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

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-393,700	181,700	-212,000	70,000	-142,000	-289,500	-431,500	1,652,648	1,221,148
Long-term Assets Other	-3,273	-13,923	-17,196	-1,572	-18,768	-6,344	-25,112	3,539,743	3,514,631
Cash and Short Term Investments	660,240	-605,796	54,444	-11,371	43,073	8,715	51,788	-112,194	-60,406
EBIT	20,001	4,353	24,354	-12,640	11,714	533	12,247	-12,609	-362
Operating Income	20,001	4,353	24,354	-12,640	11,714	533	12,247	-12,609	-362
Total Other Income Expense Net	-5,425	-3,513	-8,938	-18,937	-27,875	-1,779	-29,654	40,891	11,237

Latest Balance Sheet

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

Summary

Total Assets	3,861,418
Total Liabilities	3,489,416
Total Stockholder Equity	372,002

	As reported
Total Liabilities	3,489,416
Total Stockholder Equity	+ 372,002
Total Assets	= 3,861,418

Assets

Total Assets	3,861,418
Total Current Assets	74,450
Long-term Assets	3,786,968

Total Current Assets

Total Current Assets (as reported)	74,450
Cash And Cash Equivalents	61,631
Short-term Investments	618,272
Net Receivables	67,164
Inventory	-6,758
Total Current Assets (calculated)	740,309
+/-	665,859

Long-term Assets

Long-term Assets (as reported)	3,786,968
Property Plant Equipment	58,401
Goodwill	125,520
Long Term Investments	650,439
Intangible Assets	9,508
Long-term Assets Other	3,514,631
Long-term Assets (calculated)	4,358,499
+/-	571,531

Liabilities & Shareholders' Equity

Total Current Liabilities	1,560,723
Long-term Liabilities	1,928,693
Total Stockholder Equity	372,002

Total Current Liabilities

Total Current Liabilities (as reported)	1,560,723
Short-term Debt	339,575
Short Long Term Debt	338,000
Other Current Liabilities	1,221,148
Total Current Liabilities (calculated)	1,898,723
+/-	338,000

Long-term Liabilities

Long-term Liabilities (as reported)	1,928,693
Long term Debt	116,194
Long-term Liabilities (calculated)	116,194
+/-	1,812,499

Total Stockholder Equity

Total Stockholder Equity (as reported)	372,002
Common Stock	311,166
Retained Earnings	183,788
Accumulated Other Comprehensive Income	-47,530
Other Stockholders Equity	-75,422
Total Stockholder Equity (calculated)	372,002
+/-	0

Other

Capital Stock	311,166
Cash and Short Term Investments	-60,406
Common Stock Shares Outstanding	15,155
Liabilities and Stockholders Equity	3,861,418
Net Debt	394,195
Net Invested Capital	826,196
Net Working Capital	-1,486,273
Property Plant and Equipment Gross	109,601
Short Long Term Debt Total	455,826

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

> Total Assets

328,000
486,500
495,000
508,800
488,000
482,500
487,000
472,200
487,475
474,328
486,138
489,259
500,020
493,886
504,185
487,671
485,551
642,050
661,222
651,634
651,750
646,114
642,779
636,423
635,891
636,331
635,281
817,510
787,048
776,046
763,111
750,936
729,301
748,149
741,236
748,986
753,430
774,740
776,564
1,119,257
1,129,152
1,108,704
1,099,745
1,053,611
1,124,399
1,100,668
1,103,720
1,102,812
1,106,415
1,118,564
1,116,364
1,100,622
1,118,597
1,089,102
1,145,185
1,112,977
1,133,434
1,109,372
1,121,875
1,136,971
1,173,686
1,143,248
1,147,787
1,168,868
1,250,887
1,186,503
1,181,999
1,214,609
1,407,239
1,317,272
1,313,331
1,314,577
1,506,896
1,359,911
1,372,280
1,377,263
1,569,015
1,462,015
1,496,088
1,525,857
1,600,305
1,548,307
2,085,535
2,138,954
2,277,702
2,202,995
2,269,065
2,309,557
2,575,856
2,812,153
2,817,993
2,762,918
3,057,368
2,924,643
2,952,236
3,011,983
3,184,357
3,039,099
3,241,719
3,537,830
3,584,558
3,615,980
3,732,916
3,861,418

3,861,418

3,732,916

3,615,980

3,584,558

3,537,830

3,241,719

3,039,099

3,184,357

3,011,983

2,952,236

2,924,643

3,057,368

2,762,918

2,817,993

2,812,153

2,575,856

2,309,557

2,269,065

2,202,995

2,277,702

2,138,954

2,085,535

1,548,307

1,600,305

1,525,857

1,496,088

1,462,015

1,569,015

1,377,263

1,372,280

1,359,911

1,506,896

1,314,577

1,313,331

1,317,272

1,407,239

1,214,609

1,181,999

1,186,503

1,250,887

1,168,868

1,147,787

1,143,248

1,173,686

1,136,971

1,121,875

1,109,372

1,133,434

1,112,977

1,145,185

1,089,102

1,118,597

1,100,622

1,116,364

1,118,564

1,106,415

1,102,812

1,103,720

1,100,668

1,124,399

1,053,611

1,099,745

1,108,704

1,129,152

1,119,257

776,564

774,740

753,430

748,986

741,236

748,149

729,301

750,936

763,111

776,046

787,048

817,510

635,281

636,331

635,891

636,423

642,779

646,114

651,750

651,634

661,222

642,050

485,551

487,671

504,185

493,886

500,020

489,259

486,138

474,328

487,475

472,200

487,000

482,500

488,000

508,800

495,000

486,500

328,000

> Total Current Assets

0
0
0
0
0
0
0
0
478,040
465,154
476,893
480,169
491,081
485,048
495,453
479,125
477,161
615,492
634,874
470,153
481,199
481,754
495,734
498,862
506,456
519,198
521,841
620,237
600,027
593,385
582,943
572,053
553,563
581,086
579,002
588,584
597,940
620,626
620,329
862,820
869,898
863,273
841,285
835,956
877,918
857,330
837,364
832,224
841,250
856,906
865,452
855,202
858,819
821,798
875,929
849,349
863,320
839,671
853,488
875,418
911,154
886,526
891,212
911,569
994,834
935,809
930,183
964,555
1,148,193
1,060,666
1,055,469
1,058,892
1,245,450
1,099,637
1,111,009
1,120,545
1,285,019
1,171,227
1,206,279
1,234,563
1,305,365
1,256,637
1,641,167
1,662,345
1,798,689
1,714,777
1,784,684
1,821,560
2,081,525
2,314,446
2,322,911
2,270,525
2,572,086
2,337,478
2,328,694
273,354
973,701
773,652
51,568
708,215
92,014
89,626
100,047
74,450

74,450

100,047

89,626

92,014

708,215

51,568

773,652

973,701

273,354

2,328,694

2,337,478

2,572,086

2,270,525

2,322,911

2,314,446

2,081,525

1,821,560

1,784,684

1,714,777

1,798,689

1,662,345

1,641,167

1,256,637

1,305,365

1,234,563

1,206,279

1,171,227

1,285,019

1,120,545

1,111,009

1,099,637

1,245,450

1,058,892

1,055,469

1,060,666

1,148,193

964,555

930,183

935,809

994,834

911,569

891,212

886,526

911,154

875,418

853,488

839,671

863,320

849,349

875,929

821,798

858,819

855,202

865,452

856,906

841,250

832,224

837,364

857,330

877,918

835,956

841,285

863,273

869,898

862,820

620,329

620,626

597,940

588,584

579,002

581,086

553,563

572,053

582,943

593,385

600,027

620,237

521,841

519,198

506,456

498,862

495,734

481,754

481,199

470,153

634,874

615,492

477,161

479,125

495,453

485,048

491,081

480,169

476,893

465,154

478,040

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
18,001
16,223
15,599
15,786
21,368
15,396
21,843
19,227
12,678
20,446
22,291
23,797
22,922
26,917
25,629
21,983
21,083
21,063
20,115
25,661
24,442
24,328
18,764
20,261
17,706
20,798
19,662
17,860
15,509
17,565
14,682
27,345
25,780
26,305
30,964
26,649
22,136
60,364
23,292
26,942
19,394
22,504
26,105
79,030
93,843
42,264
85,749
52,127
86,931
54,189
38,861
46,131
90,492
62,104
50,093
33,883
119,715
49,893
24,128
29,858
142,339
35,092
33,619
35,561
214,407
41,772
33,229
36,695
182,446
39,515
33,394
40,519
118,970
41,156
64,754
42,779
164,094
49,839
62,219
48,535
256,023
196,520
194,773
139,522
437,238
245,306
253,165
265,969
414,426
234,517
42,393
44,838
54,444
43,073
51,788
61,631

61,631

51,788

43,073

54,444

44,838

42,393

234,517

414,426

265,969

253,165

245,306

437,238

139,522

194,773

196,520

256,023

48,535

62,219

49,839

164,094

42,779

64,754

41,156

118,970

40,519

33,394

39,515

182,446

36,695

33,229

41,772

214,407

35,561

33,619

35,092

142,339

29,858

24,128

49,893

119,715

33,883

50,093

62,104

90,492

46,131

38,861

54,189

86,931

52,127

85,749

42,264

93,843

79,030

26,105

22,504

19,394

26,942

23,292

60,364

22,136

26,649

30,964

26,305

25,780

27,345

14,682

17,565

15,509

17,860

19,662

20,798

17,706

20,261

18,764

24,328

24,442

25,661

20,115

21,063

21,083

21,983

25,629

26,917

22,922

23,797

22,291

20,446

12,678

19,227

21,843

15,396

21,368

15,786

15,599

16,223

18,001

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
51
0
0
0
6,025
0
0
0
12,700
0
0
0
0
0
89,834
86,283
9,947
144,636
139,707
137,578
25,510
123,286
114,756
110,998
0
104,423
103,146
104,604
18,408
147,582
148,446
148,518
0
180,341
178,646
202,309
0
202,364
200,078
189,954
0
199,779
207,405
209,708
0
211,503
211,224
210,344
203,961
205,372
199,866
200,356
199,613
203,997
197,680
200,891
197,905
199,693
197,429
198,655
196,249
201,786
200,643
200,967
195,864
223,245
230,197
229,419
231,062
234,915
231,013
318,112
347,364
349,934
359,473
355,287
358,499
365,886
368,383
365,874
363,464
356,824
457,804
498,149
559,874
552,377
530,817
602,046
615,402
627,707
617,298
593,487
618,272

618,272

593,487

617,298

627,707

615,402

602,046

530,817

552,377

559,874

498,149

457,804

356,824

363,464

365,874

368,383

365,886

358,499

355,287

359,473

349,934

347,364

318,112

231,013

234,915

231,062

229,419

230,197

223,245

195,864

200,967

200,643

201,786

196,249

198,655

197,429

199,693

197,905

200,891

197,680

203,997

199,613

200,356

199,866

205,372

203,961

210,344

211,224

211,503

209,708

207,405

199,779

189,954

200,078

202,364

202,309

178,646

180,341

148,518

148,446

147,582

18,408

104,604

103,146

104,423

110,998

114,756

123,286

25,510

137,578

139,707

144,636

9,947

86,283

89,834

12,700

6,025

Net Receivables

0
0
0
0
0
0
0
0
7,262
7,432
6,902
4,063
6,428
6,454
6,769
3,883
7,372
8,453
8,922
4,795
0
0
0
4,143
4,143
0
0
4,828
4,706
4,302
4,717
4,395
4,745
4,808
5,244
5,145
5,181
5,327
5,766
7,142
6,821
6,514
6,464
5,764
6,183
5,339
6,206
5,425
5,668
4,948
5,389
4,382
5,345
4,050
5,061
3,787
4,553
3,712
4,709
3,709
4,381
3,692
4,540
3,881
4,202
3,555
4,523
3,852
3,977
3,987
4,880
3,902
4,395
3,798
4,547
3,854
4,460
3,928
4,999
4,488
4,842
4,489
6,878
6,723
7,304
7,350
7,501
7,093
7,220
11,047
10,227
9,421
8,571
8,123
7,728
7,385
7,738
8,318
9,175
36,797
37,570
46,553
48,259
67,164

67,164

48,259

46,553

37,570

36,797

9,175

8,318

7,738

7,385

7,728

8,123

8,571

9,421

10,227

11,047

7,220

7,093

7,501

7,350

7,304

6,723

6,878

4,489

4,842

4,488

4,999

3,928

4,460

3,854

4,547

3,798

4,395

3,902

4,880

3,987

3,977

3,852

4,523

3,555

4,202

3,881

4,540

3,692

4,381

3,709

4,709

3,712

4,553

3,787

5,061

4,050

5,345

4,382

5,389

4,948

5,668

5,425

6,206

5,339

6,183

5,764

6,464

6,514

6,821

7,142

5,766

5,327

5,181

5,145

5,244

4,808

4,745

4,395

4,717

4,302

4,706

4,828

4,143

4,795

8,922

8,453

7,372

3,883

6,769

6,454

6,428

4,063

6,902

7,432

7,262

Other Current Assets

0
0
0
0
0
0
0
0
452,776
441,499
454,392
460,320
463,285
463,198
466,841
456,015
457,111
586,593
603,661
441,561
458,277
454,837
470,105
472,736
485,373
498,135
501,726
589,748
570,879
564,755
559,462
547,397
531,112
555,480
554,096
565,579
577,250
597,734
599,881
828,333
837,297
830,454
803,857
803,543
849,599
791,627
807,866
799,857
816,188
829,454
833,958
771,790
759,631
775,484
785,119
793,435
771,836
781,770
809,918
621,617
610,909
620,864
636,223
674,192
666,920
684,681
700,641
732,940
802,184
824,158
818,315
823,180
824,862
853,424
872,266
884,132
874,868
897,587
938,467
958,494
947,511
979,979
1,252,569
1,266,549
1,277,357
1,298,115
1,359,677
1,407,433
1,452,396
1,738,496
1,752,037
1,769,418
1,774,913
1,634,175
1,576,652
2,061,180
-2,568
242,835
-1,479
56,016
64,724
54,116
63,277
74,450

74,450

63,277

54,116

64,724

56,016

-1,479

242,835

-2,568

2,061,180

1,576,652

1,634,175

1,774,913

1,769,418

1,752,037

1,738,496

1,452,396

1,407,433

1,359,677

1,298,115

1,277,357

1,266,549

1,252,569

979,979

947,511

958,494

938,467

897,587

874,868

884,132

872,266

853,424

824,862

823,180

818,315

824,158

802,184

732,940

700,641

684,681

666,920

674,192

636,223

620,864

610,909

621,617

809,918

781,770

771,836

793,435

785,119

775,484

759,631

771,790

833,958

829,454

816,188

799,857

807,866

791,627

849,599

803,543

803,857

830,454

837,297

828,333

599,881

597,734

577,250

565,579

554,096

555,480

531,112

547,397

559,462

564,755

570,879

589,748

501,726

498,135

485,373

472,736

470,105

454,837

458,277

441,561

603,661

586,593

457,111

456,015

466,841

463,198

463,285

460,320

454,392

441,499

452,776

> Long-term Assets

0
0
0
-100
0
0
100
0
9,435
9,174
9,245
9,090
8,939
8,838
8,732
8,546
8,390
26,558
26,348
181,481
170,551
164,360
147,045
137,561
129,435
117,133
113,440
197,273
187,021
182,661
180,168
178,883
175,738
167,063
162,234
160,402
155,490
154,114
156,235
256,437
259,254
245,431
258,460
217,655
246,481
243,338
266,356
270,588
265,165
261,658
250,912
245,420
259,778
267,304
269,256
263,628
270,114
269,701
268,387
261,553
262,532
256,722
256,575
255,977
256,053
249,321
251,816
248,636
259,046
256,606
257,862
256,149
261,446
260,274
261,271
256,718
283,996
290,788
289,809
291,294
294,940
291,817
444,368
476,609
479,013
488,218
484,381
487,997
494,331
497,707
495,082
492,393
485,282
587,165
623,542
684,834
678,371
658,661
168,492
851,649
862,915
844,004
823,719
3,786,968

3,786,968

823,719

844,004

862,915

851,649

168,492

658,661

678,371

684,834

623,542

587,165

485,282

492,393

495,082

497,707

494,331

487,997

484,381

488,218

479,013

476,609

444,368

291,817

294,940

291,294

289,809

290,788

283,996

256,718

261,271

260,274

261,446

256,149

257,862

256,606

259,046

248,636

251,816

249,321

256,053

255,977

256,575

256,722

262,532

261,553

268,387

269,701

270,114

263,628

269,256

267,304

259,778

245,420

250,912

261,658

265,165

270,588

266,356

243,338

246,481

217,655

258,460

245,431

259,254

256,437

156,235

154,114

155,490

160,402

162,234

167,063

175,738

178,883

180,168

182,661

187,021

197,273

113,440

117,133

129,435

137,561

147,045

164,360

170,551

181,481

26,348

26,558

8,390

8,546

8,732

8,838

8,939

9,090

9,245

9,174

9,435

100

-100

Property Plant Equipment

6,900
7,500
7,500
7,400
7,300
7,400
7,100
7,500
7,319
7,142
7,294
7,221
7,151
7,132
7,107
7,003
6,878
8,310
8,198
8,219
8,343
8,584
9,502
10,481
10,416
9,972
9,952
12,003
11,748
12,508
12,335
12,151
11,900
11,795
10,777
11,619
10,693
10,756
11,582
21,593
21,460
21,829
20,706
20,996
20,739
20,530
20,132
19,702
19,512
18,705
18,388
18,129
18,028
18,168
18,038
17,774
17,582
17,630
17,380
17,166
16,963
16,881
16,563
16,927
15,831
16,158
14,471
14,400
16,163
16,308
16,200
16,944
16,773
16,711
17,340
18,122
17,952
17,777
17,688
17,816
17,424
17,308
22,518
22,021
21,772
21,720
22,201
22,871
22,443
23,137
22,958
22,580
22,265
22,817
22,716
22,445
22,110
24,151
30,168
64,018
61,895
60,899
58,989
58,401

58,401

58,989

60,899

61,895

64,018

30,168

24,151

22,110

22,445

22,716

22,817

22,265

22,580

22,958

23,137

22,443

22,871

22,201

21,720

21,772

22,021

22,518

17,308

17,424

17,816

17,688

17,777

17,952

18,122

17,340

16,711

16,773

16,944

16,200

16,308

16,163

14,400

14,471

16,158

15,831

16,927

16,563

16,881

16,963

17,166

17,380

17,630

17,582

17,774

18,038

18,168

18,028

18,129

18,388

18,705

19,512

19,702

20,132

20,530

20,739

20,996

20,706

21,829

21,460

21,593

11,582

10,756

10,693

11,619

10,777

11,795

11,900

12,151

12,335

12,508

11,748

12,003

9,952

9,972

10,416

10,481

9,502

8,584

8,343

8,219

8,198

8,310

6,878

7,003

7,107

7,132

7,151

7,221

7,294

7,142

7,319

7,500

7,100

7,400

7,300

7,400

7,500

6,900

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,052
15,052
15,052
15,052
15,052
15,052
15,052
15,052
15,052
15,052
26,093
26,093
26,093
26,093
26,093
26,093
26,093
26,093
26,093
26,093
26,093
26,093
66,235
66,207
66,649
64,865
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
21,720
23,610
23,900
23,745
29,790
29,608
29,683
29,504
29,337
29,186
29,038
28,879
28,727
28,589
28,455
28,374
28,354
28,342
85,964
86,203
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
76,851
101,652
125,695
125,078
125,078
125,078
125,520

125,520

125,078

125,695

101,652

76,851

86,203

85,964

28,342

28,354

28,374

28,455

28,589

28,727

28,879

29,038

29,186

29,337

29,504

29,683

29,608

29,790

23,745

23,900

23,610

21,720

64,865

66,649

66,207

66,235

26,093

15,052

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
748,060
761,108
0
0
0
0
0
0
0
0
849,032
0
858,306
0
906,851
976,686
996,231
991,618
993,766
997,958
1,019,542
1,036,343
1,044,469
1,063,680
1,092,498
1,133,708
1,153,724
1,143,323
1,171,223
1,823,304
1,895,947
1,910,749
1,947,020
1,998,766
2,054,987
2,099,695
2,415,170
2,422,160
384,887
2,414,308
479,368
516,237
577,957
572,010
2,582,647
622,652
651,177
3,150,819
647,699
629,732
650,439

650,439

629,732

647,699

3,150,819

651,177

622,652

2,582,647

572,010

577,957

516,237

479,368

2,414,308

384,887

2,422,160

2,415,170

2,099,695

2,054,987

1,998,766

1,947,020

1,910,749

1,895,947

1,823,304

1,171,223

1,143,323

1,153,724

1,133,708

1,092,498

1,063,680

1,044,469

1,036,343

1,019,542

997,958

993,766

991,618

996,231

976,686

906,851

858,306

849,032

761,108

748,060

Intangible Assets

0
0
0
0
0
0
0
0
2,116
2,032
1,951
1,869
1,788
1,706
1,625
1,543
1,512
18,248
18,150
18,052
17,944
17,816
17,687
17,558
17,437
2,263
2,142
30,791
4,534
4,344
4,154
30,058
3,797
3,629
3,461
29,385
3,131
2,970
2,809
75,924
9,286
8,507
8,148
29,500
7,458
7,136
6,813
6,492
6,187
5,883
5,578
5,275
4,984
4,693
4,402
4,113
3,835
3,603
3,370
3,139
2,927
2,715
2,503
2,293
2,091
1,890
2,180
2,025
2,949
2,767
2,588
2,409
2,242
2,091
1,943
1,784
1,632
1,494
1,360
1,279
1,259
1,247
9,648
9,352
9,104
8,855
8,610
8,305
8,068
8,001
8,045
8,075
7,831
8,129
7,738
7,581
7,400
7,170
11,554
10,759
10,730
10,328
9,920
9,508

9,508

9,920

10,328

10,730

10,759

11,554

7,170

7,400

7,581

7,738

8,129

7,831

8,075

8,045

8,001

8,068

8,305

8,610

8,855

9,104

9,352

9,648

1,247

1,259

1,279

1,360

1,494

1,632

1,784

1,943

2,091

2,242

2,409

2,588

2,767

2,949

2,025

2,180

1,890

2,091

2,293

2,503

2,715

2,927

3,139

3,370

3,603

3,835

4,113

4,402

4,693

4,984

5,275

5,578

5,883

6,187

6,492

6,813

7,136

7,458

29,500

8,148

8,507

9,286

75,924

2,809

2,970

3,131

29,385

3,461

3,629

3,797

30,058

4,154

4,344

4,534

30,791

2,142

2,263

17,437

17,558

17,687

17,816

17,944

18,052

18,150

18,248

1,512

1,543

1,625

1,706

1,788

1,869

1,951

2,032

2,116

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
416,969
427,846
430,447
427,254
439,850
453,730
0
0
0
0
0
0
0
0
0
0
0
0
0
0

453,730

439,850

427,254

430,447

427,846

416,969

Long-term Assets Other

-6,900
-7,500
-7,500
-7,400
-7,300
-7,400
-7,100
-7,500
2,116
2,032
1,951
1,869
1,788
1,706
1,625
1,543
1,512
18,248
18,150
18,052
17,944
17,816
17,687
17,558
17,437
17,315
17,194
30,791
30,627
30,437
30,247
30,058
29,890
29,722
29,554
29,385
29,224
29,063
28,902
75,924
75,493
75,156
73,013
29,500
-217,303
-214,482
-237,823
-222,674
-237,258
-234,055
-223,614
-200,296
-233,074
-240,891
-243,134
-220,021
-244,559
-882,429
-913,449
658,457
-39,832
620,864
636,223
675,503
666,920
-675
700,641
11,439
-2,929
2,977
3,841
41,421
18,282
853,424
872,266
-202
874,868
897,587
938,467
-205
947,511
1,210,085
1,252,569
1,289,650
1,277,357
1,298,115
1,359,677
-379,970
1,452,396
1,738,496
-410,186
-407,467
-400,600
-587,165
88,975
84,432
100,654
-658,661
-622,652
-3,273
-17,196
-18,768
-25,112
3,514,631

3,514,631

-25,112

-18,768

-17,196

-3,273

-622,652

-658,661

100,654

84,432

88,975

-587,165

-400,600

-407,467

-410,186

1,738,496

1,452,396

-379,970

1,359,677

1,298,115

1,277,357

1,289,650

1,252,569

1,210,085

947,511

-205

938,467

897,587

874,868

-202

872,266

853,424

18,282

41,421

3,841

2,977

-2,929

11,439

700,641

-675

666,920

675,503

636,223

620,864

-39,832

658,457

-913,449

-882,429

-244,559

-220,021

-243,134

-240,891

-233,074

-200,296

-223,614

-234,055

-237,258

-222,674

-237,823

-214,482

-217,303

29,500

73,013

75,156

75,493

75,924

28,902

29,063

29,224

29,385

29,554

29,722

29,890

30,058

30,247

30,437

30,627

30,791

17,194

17,315

17,437

17,558

17,687

17,816

17,944

18,052

18,150

18,248

1,512

1,543

1,625

1,706

1,788

1,869

1,951

2,032

2,116

-7,500

-7,100

-7,400

-7,300

-7,400

-7,500

-6,900

> Total Liabilities

292,700
433,500
440,900
455,100
434,200
429,500
435,100
424,000
440,416
426,748
437,355
441,334
450,768
444,042
453,112
438,944
436,604
564,670
582,603
579,945
567,516
573,625
558,546
567,298
566,920
568,603
568,500
729,297
701,486
690,289
677,608
663,826
651,362
670,094
662,906
669,514
676,206
698,579
699,675
993,101
1,004,717
986,805
977,447
976,994
1,024,930
1,001,973
1,003,467
1,004,015
1,007,070
1,018,510
1,017,411
1,003,672
1,020,492
989,263
1,042,649
1,010,449
1,030,026
1,005,276
1,016,980
1,032,991
1,068,633
1,041,089
1,044,871
1,043,058
1,142,276
1,075,264
1,066,116
1,096,698
1,288,312
1,197,250
1,189,994
1,188,506
1,376,356
1,223,708
1,233,971
1,239,647
1,394,278
1,283,172
1,314,107
1,341,396
1,412,262
1,358,459
1,796,147
1,840,056
1,965,645
1,878,783
1,939,802
1,979,431
2,247,689
2,475,540
2,475,938
2,412,810
2,707,310
2,572,230
2,603,786
2,656,771
2,856,665
2,737,037
2,939,117
3,202,994
3,236,861
3,266,104
3,400,171
3,489,416

3,489,416

3,400,171

3,266,104

3,236,861

3,202,994

2,939,117

2,737,037

2,856,665

2,656,771

2,603,786

2,572,230

2,707,310

2,412,810

2,475,938

2,475,540

2,247,689

1,979,431

1,939,802

1,878,783

1,965,645

1,840,056

1,796,147

1,358,459

1,412,262

1,341,396

1,314,107

1,283,172

1,394,278

1,239,647

1,233,971

1,223,708

1,376,356

1,188,506

1,189,994

1,197,250

1,288,312

1,096,698

1,066,116

1,075,264

1,142,276

1,043,058

1,044,871

1,041,089

1,068,633

1,032,991

1,016,980

1,005,276

1,030,026

1,010,449

1,042,649

989,263

1,020,492

1,003,672

1,017,411

1,018,510

1,007,070

1,004,015

1,003,467

1,001,973

1,024,930

976,994

977,447

986,805

1,004,717

993,101

699,675

698,579

676,206

669,514

662,906

670,094

651,362

663,826

677,608

690,289

701,486

729,297

568,500

568,603

566,920

567,298

558,546

573,625

567,516

579,945

582,603

564,670

436,604

438,944

453,112

444,042

450,768

441,334

437,355

426,748

440,416

424,000

435,100

429,500

434,200

455,100

440,900

433,500

292,700

> Total Current Liabilities

9,500
13,500
17,200
17,300
13,800
15,100
24,900
16,000
9,398
2,528
431,400
430,700
436,800
430,000
439,100
424,900
417,600
550,600
568,600
5,183
32
3,183
549,500
19,914
32,009
5,436
10,439
32,610
1,730
1,140
2,603
2,391
390
490
3,322
3,435
1,742
1,801
3,001
2,259
1,696
4,381
3,228
3,986
1,504
1,343
1,468
2,394
1,328
733
754
2,008
1,392
1,659
2,339
981,000
1,000,600
50,278
987,600
1,003,600
1,039,200
1,011,700
1,015,500
1,009,800
1,112,900
1,041,800
1,036,700
1,067,900
1,258,900
1,167,900
1,160,600
1,160,500
1,347,000
1,194,300
1,204,600
1,210,200
1,364,900
1,253,800
1,284,700
1,312,000
1,382,900
1,329,200
1,766,700
1,810,629
1,936,218
121,300
181,100
1,950,004
17,000
2,262,418
2,212,276
3,337
3,337
2,467,803
2,499,359
2,478,958
2,677,961
899,463
55,000
393,700
212,000
142,000
431,500
1,560,723

1,560,723

431,500

142,000

212,000

393,700

55,000

899,463

2,677,961

2,478,958

2,499,359

2,467,803

3,337

2,212,276

2,262,418

17,000

1,950,004

181,100

121,300

1,936,218

1,810,629

1,766,700

1,329,200

1,382,900

1,312,000

1,284,700

1,253,800

1,364,900

1,210,200

1,204,600

1,194,300

1,347,000

1,160,500

1,160,600

1,167,900

1,258,900

1,067,900

1,036,700

1,041,800

1,112,900

1,009,800

1,015,500

1,011,700

1,039,200

1,003,600

987,600

50,278

1,000,600

981,000

2,339

1,659

1,392

2,008

754

733

1,328

2,394

1,468

1,343

1,504

3,986

3,228

4,381

1,696

2,259

3,001

1,801

1,742

3,435

3,322

490

390

2,391

2,603

1,140

1,730

32,610

10,439

5,436

32,009

19,914

549,500

3,183

5,183

568,600

550,600

417,600

424,900

439,100

430,000

436,800

430,700

431,400

2,528

9,398

16,000

24,900

15,100

13,800

17,300

17,200

13,500

9,500

Short-term Debt

9,500
13,500
17,200
17,300
13,800
15,100
24,900
16,000
9,398
0
1,542
1,207
384
2,034
2,812
11,031
10,606
502
342
5,183
32
3,183
0
19,914
32,009
5,436
10,439
32,610
1,730
1,140
2,603
2,391
390
490
3,322
3,435
1,742
1,801
3,001
2,259
1,696
4,381
3,228
3,986
1,504
1,343
1,468
2,394
1,328
733
754
2,008
1,392
1,659
2,339
0
0
50,278
0
0
0
0
0
0
0
37,500
0
116,240
0
0
0
125,667
0
65,025
56,713
106,852
38,674
105,457
101,325
10,000
106,879
199,857
0
5,000
5,000
121,300
181,100
226,500
17,000
125,000
125,000
250,000
125,000
75,000
75,000
75,000
75,000
17,479
55,000
393,700
212,000
142,000
431,500
339,575

339,575

431,500

142,000

212,000

393,700

55,000

17,479

75,000

125,000

250,000

125,000

17,000

226,500

181,100

121,300

5,000

199,857

106,879

10,000

101,325

105,457

38,674

106,852

56,713

65,025

125,667

116,240

37,500

50,278

2,339

1,659

1,392

2,008

754

733

1,328

2,394

1,468

1,343

1,504

3,986

3,228

4,381

1,696

2,259

3,001

1,801

1,742

3,435

3,322

490

390

2,391

2,603

1,140

1,730

32,610

10,439

5,436

32,009

19,914

3,183

5,183

342

502

10,606

11,031

2,812

2,034

384

1,207

1,542

9,398

16,000

24,900

15,100

13,800

17,300

17,200

13,500

9,500

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
116,240
0
0
0
125,667
0
65,025
56,713
106,852
38,674
105,457
101,325
10,000
106,879
199,857
0
5,000
5,000
121,300
181,100
226,500
17,000
0
0
0
0
0
0
0
0
0
55,000
393,700
212,000
142,000
431,500
338,000

338,000

431,500

142,000

212,000

393,700

55,000

17,000

226,500

181,100

121,300

5,000

199,857

106,879

10,000

101,325

105,457

38,674

106,852

56,713

65,025

125,667

116,240

Accounts payable

0
0
0
0
0
0
0
0
425,488
2,528
402,355
391,968
409,701
413,333
3,637
410,178
401,938
3,830
3,837
539,899
536,639
523,677
525,726
510,172
498,622
493,565
479,905
647,045
616,851
606,861
587,302
577,105
566,927
564,031
563,059
564,551
563,092
550,229
551,650
839,820
847,000
800,527
776,606
809,921
884,347
872,241
850,608
856,052
881,972
889,003
902,921
892,463
907,622
8,411
9,535
901,246
919,135
897,254
915,237
926,389
965,816
938,205
942,458
9,489
1,044,820
7,281
980,634
12,124
22,581
19,257
11,521
12,168
25,377
14,249
13,678
11,692
14,724
12,827
11,493
13,391
14,712
12,577
25,350
14,937
21,347
24,782
26,566
26,066
61,624
18,830
18,507
2,189,398
34,810
2,402,992
2,434,766
2,416,701
2,615,137
19,969
2,710,864
24,696
24,696
2,942,774
0
0

2,942,774

24,696

2,710,864

19,969

2,615,137

2,416,701

2,434,766

2,402,992

34,810

2,189,398

18,507

18,830

61,624

26,066

26,566

24,782

21,347

14,937

25,350

12,577

14,712

13,391

11,493

12,827

14,724

11,692

13,678

14,249

25,377

12,168

11,521

19,257

22,581

12,124

980,634

7,281

1,044,820

9,489

942,458

938,205

965,816

926,389

915,237

897,254

919,135

901,246

9,535

8,411

907,622

892,463

902,921

889,003

881,972

856,052

850,608

872,241

884,347

809,921

776,606

800,527

847,000

839,820

551,650

550,229

563,092

564,551

563,059

564,031

566,927

577,105

587,302

606,861

616,851

647,045

479,905

493,565

498,622

510,172

525,726

523,677

536,639

539,899

3,837

3,830

401,938

410,178

3,637

413,333

409,701

391,968

402,355

2,528

425,488

Other Current Liabilities

0
0
0
0
0
0
0
0
0
-2,528
429,858
429,493
436,416
427,966
432,651
413,869
406,994
546,268
564,421
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
880,299
911,762
0
0
0
0
0
0
0
0
942,475
0
979,136
0
968,918
1,197,316
1,075,806
1,055,959
1,052,033
1,279,780
1,115,007
1,134,153
1,121,103
1,311,453
1,164,888
1,201,289
1,204,923
1,290,671
1,146,172
1,577,755
1,579,893
1,765,801
1,632,720
1,632,621
1,678,764
1,991,939
2,069,261
2,068,769
2,189,398
2,475,907
2,402,992
2,434,766
2,416,701
2,615,137
881,984
2,709
-393,700
-212,000
-142,000
-431,500
1,221,148

1,221,148

-431,500

-142,000

-212,000

-393,700

2,709

881,984

2,615,137

2,416,701

2,434,766

2,402,992

2,475,907

2,189,398

2,068,769

2,069,261

1,991,939

1,678,764

1,632,621

1,632,720

1,765,801

1,579,893

1,577,755

1,146,172

1,290,671

1,204,923

1,201,289

1,164,888

1,311,453

1,121,103

1,134,153

1,115,007

1,279,780

1,052,033

1,055,959

1,075,806

1,197,316

968,918

979,136

942,475

911,762

880,299

564,421

546,268

406,994

413,869

432,651

427,966

436,416

429,493

429,858

-2,528

> Long-term Liabilities

0
0
0
0
0
0
0
0
1,822
1,683
6,000
10,600
14,000
14,000
14,000
14,000
19,000
19,200
19,000
18,000
14,190
22,500
9,711
21,500
21,500
54,500
63,000
33,000
63,773
63,689
62,604
62,539
62,503
83,271
66,802
69,916
78,519
117,777
111,095
115,397
119,349
145,252
157,557
119,909
89,861
89,813
109,802
114,791
94,780
94,769
79,761
79,754
79,746
79,738
99,730
79,722
79,714
29,427
69,697
69,688
69,680
69,671
67,162
1,043,058
67,144
1,075,264
55,627
1,096,698
46,927
84,727
101,627
1,188,506
46,927
76,727
64,427
77,927
44,427
92,727
86,177
101,327
89,427
1,358,459
174,527
223,027
156,527
84,427
84,427
255,927
154,427
154,427
154,427
154,427
154,427
104,427
104,427
177,813
178,704
2,737,037
2,884,117
393,700
212,000
119,307
117,458
1,928,693

1,928,693

117,458

119,307

212,000

393,700

2,884,117

2,737,037

178,704

177,813

104,427

154,427

255,927

84,427

156,527

223,027

174,527

1,358,459

89,427

101,327

86,177

92,727

44,427

77,927

64,427

76,727

46,927

1,188,506

101,627

84,727

46,927

1,096,698

55,627

1,075,264

67,144

1,043,058

67,162

69,671

69,680

69,688

69,697

29,427

79,714

79,722

99,730

79,738

79,746

79,754

79,761

94,769

94,780

114,791

109,802

89,813

89,861

119,909

157,557

145,252

119,349

115,397

111,095

117,777

78,519

69,916

66,802

83,271

62,503

62,539

62,604

63,689

63,773

33,000

63,000

54,500

21,500

9,711

22,500

14,190

18,000

19,000

19,200

19,000

14,000

10,600

6,000

1,683

1,822

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,427
29,427
0
0
0
0
0
0
0
0
29,427
0
29,427
0
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
29,427
84,427
84,427
29,427
154,427
238,841
237,849
51,191
42,080
43,990
42,285
113,885
110,556
114,614
122,226
135,894
135,894
0
0
0

135,894

122,226

114,614

110,556

113,885

42,285

43,990

42,080

51,191

237,849

238,841

154,427

29,427

84,427

29,427

Other Liabilities

0
0
0
0
0
0
0
0
2,703
2,528
2,594
3,213
3,698
3,202
3,637
2,924
2,929
3,830
3,837
3,354
3,605
2,800
2,990
3,597
4,342
4,591
5,353
3,930
6,309
6,571
6,620
5,319
6,296
6,864
7,106
8,209
11,359
9,774
10,904
8,230
8,627
6,939
5,605
12,035
16,876
12,037
15,208
8,858
9,347
13,139
11,365
7,605
10,248
8,411
9,535
10,452
11,426
12,207
11,521
13,695
13,061
13,792
14,441
9,489
12,363
7,281
9,727
12,124
22,581
19,257
11,521
12,168
25,377
14,249
13,678
11,692
14,724
12,827
11,493
13,391
14,712
12,577
25,350
0
0
0
0
0
0
0
0
0
0
0
6,629
5,706
4,837
19,288
6,704
5,634
0
7,742
0
0

7,742

5,634

6,704

19,288

4,837

5,706

6,629

25,350

12,577

14,712

13,391

11,493

12,827

14,724

11,692

13,678

14,249

25,377

12,168

11,521

19,257

22,581

12,124

9,727

7,281

12,363

9,489

14,441

13,792

13,061

13,695

11,521

12,207

11,426

10,452

9,535

8,411

10,248

7,605

11,365

13,139

9,347

8,858

15,208

12,037

16,876

12,035

5,605

6,939

8,627

8,230

10,904

9,774

11,359

8,209

7,106

6,864

6,296

5,319

6,620

6,571

6,309

3,930

5,353

4,591

4,342

3,597

2,990

2,800

3,605

3,354

3,837

3,830

2,929

2,924

3,637

3,202

3,698

3,213

2,594

2,528

2,703

> Total Stockholder Equity

35,300
53,000
54,100
53,700
53,800
53,000
51,900
48,200
47,058
47,581
48,783
47,925
49,252
49,844
51,073
48,727
48,947
72,225
73,619
71,689
71,734
72,489
71,733
69,125
68,971
67,728
66,781
88,213
85,562
85,757
85,503
87,110
77,939
78,055
78,330
79,472
77,224
76,161
76,889
126,156
124,435
121,899
122,298
76,617
99,469
98,695
100,253
98,797
99,345
100,054
98,953
96,950
98,105
99,839
102,536
102,528
103,408
104,096
104,895
103,980
105,053
102,159
102,916
125,810
108,611
111,239
115,883
117,911
118,927
120,022
123,337
126,071
130,540
136,203
138,309
137,616
174,737
178,843
181,981
184,461
188,043
189,848
289,388
298,898
312,057
324,212
329,263
330,126
328,167
336,613
342,055
350,108
350,058
352,413
348,450
355,212
327,692
302,062
302,602
334,836
347,697
349,876
332,745
372,002

372,002

332,745

349,876

347,697

334,836

302,602

302,062

327,692

355,212

348,450

352,413

350,058

350,108

342,055

336,613

328,167

330,126

329,263

324,212

312,057

298,898

289,388

189,848

188,043

184,461

181,981

178,843

174,737

137,616

138,309

136,203

130,540

126,071

123,337

120,022

118,927

117,911

115,883

111,239

108,611

125,810

102,916

102,159

105,053

103,980

104,895

104,096

103,408

102,528

102,536

99,839

98,105

96,950

98,953

100,054

99,345

98,797

100,253

98,695

99,469

76,617

122,298

121,899

124,435

126,156

76,889

76,161

77,224

79,472

78,330

78,055

77,939

87,110

85,503

85,757

85,562

88,213

66,781

67,728

68,971

69,125

71,733

72,489

71,734

71,689

73,619

72,225

48,947

48,727

51,073

49,844

49,252

47,925

48,783

47,581

47,058

48,200

51,900

53,000

53,800

53,700

54,100

53,000

35,300

Common Stock

15,300
23,300
23,300
23,300
23,300
23,300
23,300
23,300
23,258
23,258
23,258
23,258
23,258
23,258
23,258
23,258
23,258
47,370
47,370
47,370
47,370
47,370
47,370
47,370
47,370
47,370
47,370
68,430
68,430
68,430
68,430
68,430
68,430
68,430
68,430
68,430
68,430
68,430
68,430
114,365
114,365
114,365
114,365
114,365
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,447
114,365
114,365
114,365
114,365
114,365
114,365
114,365
114,365
114,365
114,365
115,187
115,248
115,267
115,330
115,442
115,750
118,126
118,975
153,167
153,495
153,562
153,810
154,170
158,191
265,324
266,901
266,990
267,275
267,559
276,422
276,546
276,841
276,940
277,039
277,164
277,495
277,627
277,741
277,919
278,240
299,515
310,182
310,412
310,784
310,975
311,166

311,166

310,975

310,784

310,412

310,182

299,515

278,240

277,919

277,741

277,627

277,495

277,164

277,039

276,940

276,841

276,546

276,422

267,559

267,275

266,990

266,901

265,324

158,191

154,170

153,810

153,562

153,495

153,167

118,975

118,126

115,750

115,442

115,330

115,267

115,248

115,187

114,365

114,447

114,365

68,430

47,370

23,258

23,300

15,300

Retained Earnings

19,600
26,800
27,300
26,800
28,000
28,500
29,000
28,000
28,609
29,173
29,711
28,614
29,060
29,485
30,254
28,844
29,489
30,107
30,923
29,588
30,130
30,524
30,521
28,612
28,416
28,458
27,086
27,781
26,144
25,989
25,932
27,939
26,309
26,512
26,265
28,634
26,730
27,246
27,258
29,446
26,441
25,005
26,236
-16,546
-17,017
-17,481
-17,353
-17,774
-18,032
-18,584
-20,271
-20,218
-19,759
-19,529
-18,630
-17,667
-16,899
-16,488
-16,132
-14,687
-13,295
-12,544
-11,268
-10,823
-8,747
-7,300
-5,785
-4,306
-1,918
414
2,884
5,300
9,242
13,640
16,471
19,263
23,073
25,751
28,494
31,652
37,902
39,898
35,302
41,320
49,421
56,199
62,023
67,974
73,972
78,712
84,628
93,048
101,899
109,178
116,680
125,558
131,934
137,592
146,546
156,493
161,110
168,777
176,644
183,788

183,788

176,644

168,777

161,110

156,493

146,546

137,592

131,934

125,558

116,680

109,178

101,899

93,048

84,628

78,712

73,972

67,974

62,023

56,199

49,421

41,320

35,302

39,898

37,902

31,652

28,494

25,751

23,073

19,263

16,471

13,640

9,242

5,300

2,884

414

-1,918

-4,306

-5,785

-7,300

-8,747

-10,823

-11,268

-12,544

-13,295

-14,687

-16,132

-16,488

-16,899

-17,667

-18,630

-19,529

-19,759

-20,218

-20,271

-18,584

-18,032

-17,774

-17,353

-17,481

-17,017

-16,546

26,236

25,005

26,441

29,446

27,258

27,246

26,730

28,634

26,265

26,512

26,309

27,939

25,932

25,989

26,144

27,781

27,086

28,458

28,416

28,612

30,521

30,524

30,130

29,588

30,923

30,107

29,489

28,844

30,254

29,485

29,060

28,614

29,711

29,173

28,609

28,000

29,000

28,500

28,000

26,800

27,300

26,800

19,600

Accumulated Other Comprehensive Income

400
3,000
3,500
7,400
5,200
2,600
1,800
-400
-612
-395
632
871
1,853
2,020
2,480
1,544
1,232
1,989
2,567
1,972
1,475
1,836
1,083
384
426
-717
-292
-504
-1,518
-1,039
-1,236
-1,636
-1,586
-1,673
-1,151
-2,378
-2,205
-2,673
-1,957
-420
864
-236
-1,068
-3,967
-3,831
-4,145
-2,719
-3,758
-2,956
-1,699
-1,117
-3,178
-2,486
-986
808
-168
-60
213
713
-1,647
-1,966
-5,611
-6,130
-4,247
-2,904
-1,723
1,406
1,955
584
-678
148
403
818
1,924
1,171
-2,337
-1,976
-736
-397
-1,124
-3,828
-4,256
-4,881
-1,452
3,517
8,609
11,667
6,874
9,888
13,654
14,387
14,619
9,569
11,693
9,298
8,820
-20,689
-46,242
-69,818
-58,045
-49,910
-55,770
-79,462
-47,530

-47,530

-79,462

-55,770

-49,910

-58,045

-69,818

-46,242

-20,689

8,820

9,298

11,693

9,569

14,619

14,387

13,654

9,888

6,874

11,667

8,609

3,517

-1,452

-4,881

-4,256

-3,828

-1,124

-397

-736

-1,976

-2,337

1,171

1,924

818

403

148

-678

584

1,955

1,406

-1,723

-2,904

-4,247

-6,130

-5,611

-1,966

-1,647

713

213

-60

-168

808

-986

-2,486

-3,178

-1,117

-1,699

-2,956

-3,758

-2,719

-4,145

-3,831

-3,967

-1,068

-236

864

-420

-1,957

-2,673

-2,205

-2,378

-1,151

-1,673

-1,586

-1,636

-1,236

-1,039

-1,518

-504

-292

-717

426

384

1,083

1,836

1,475

1,972

2,567

1,989

1,232

1,544

2,480

2,020

1,853

871

632

-395

-612

-400

1,800

2,600

5,200

7,400

3,500

3,000

400

Capital Surplus

Treasury Stock

-73,794

-73,641

-67,528

-61,472

-56,907

-55,155

-45,953

-38,574

-34,598

-33,900

-32,594

-32,239

-21,144

-17,235

-16,842

-15,731

-15,214

-7,623

-7,494

-7,383

-7,241

-5,032

-4,919

-4,818

-4,454

-4,196

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Accounts Payable	0	24,696	2,416,701	2,189,398	26,066	14,937	13,391	11,692	12,168	12,124	9,489	926,389	901,246	892,463	856,052	809,921	839,820	564,551	577,105	647,045	510,172	539,899	410,178	391,968	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-47,530	-58,045	8,820	14,619	6,874	-1,452	-1,124	-2,337	403	1,955	-4,247	-1,647	-168	-3,178	-3,758	-3,967	-420	-2,378	-1,636	-504	384	1,972	1,544	871	-196	3,672	416	165
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	311,166	310,182	277,741	277,039	276,422	276,265	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	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	61,631	44,838	265,969	139,522	48,535	42,779	40,519	36,695	35,561	29,858	33,883	46,131	52,127	79,030	26,942	26,649	27,345	17,860	20,261	25,661	21,983	23,797	19,227	15,786	14,650	36,394	24,728	20,136
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-60,406	660,240	825,843	502,986	407,034	389,073	271,581	232,559	231,810	227,763	233,496	250,092	52,127	79,030	26,942	26,649	27,345	17,860	20,261	25,661	21,983	23,797	19,227	15,786	14,650	36,394	24,728	20,136
Common Stock	311,166	310,182	277,741	277,039	276,422	266,901	153,810	118,975	115,330	114,365	114,365	114,365	114,447	114,447	114,447	114,365	114,365	68,430	68,430	68,430	47,370	47,370	23,258	23,258	23,258	23,258	15,258	15,258
Common Stock Shares Outstanding	15,155	14,971	15,343	16,081	16,852	13,856	12,353	10,951	10,918	10,905	7,708	7,708	7,708	7,708	7,708	7,708	5,505	5,521	5,806	5,217	5,042	4,813	4,072	4,095	4,239	4,267	3,039	3,050
Common Stock Total Equity	0	310,182	277,741	277,039	276,422	266,901	153,810	118,975	115,330	114,365	114,365	114,365	0	0	0	0	0	68,430	68,430	68,430	47,370	47,370	23,258	23,258	23,258	23,258	15,258	15,258
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	427,254	412,813	272,631	236,739	232,503	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	125,520	125,695	76,851	76,851	76,851	86,203	28,374	28,879	29,504	23,745	21,720	21,720	21,720	21,720	21,720	21,720	66,235	26,093	26,093	26,093	15,052	15,052	0	0	0	0	0	1,679
Intangible Assets	9,508	10,759	7,581	8,075	8,305	9,352	1,279	1,784	2,409	2,025	2,293	3,139	4,113	5,275	6,492	29,500	75,924	29,385	30,058	30,791	17,558	18,052	1,543	1,869	0	0	0	0
Inventory	-6,758	-44,838	-273,354	-148,974	-55,628	0	16	37	116	2,970	611	2,344	1,695	1,796	1,834	1,661	1,276	1,405	1,294	10,463	884	1,731	2,452	660	0	0	0	0
Liabilities And Stockholders Equity	3,861,418	3,537,830	3,011,983	2,762,918	2,309,557	2,138,954	1,525,857	1,377,263	1,314,577	1,214,609	1,168,868	1,136,971	1,112,977	1,100,622	1,102,812	1,053,611	1,119,257	748,986	750,936	817,510	636,423	651,634	487,671	489,259	472,220	508,889	325,923	302,778
Long Term Debt	116,194	122,893	177,813	154,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	67,150	69,686	81,727	82,145	114,273	111,153	34,841	33,797	65,307	41,414	19,000	183	12,000	0	0	0	0
Long Term Debt Total	0	135,894	113,885	51,191	29,427	29,427	29,427	29,427	29,427	29,427	29,427	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	650,439	651,177	577,957	384,887	2,054,987	1,895,947	1,153,724	1,044,469	993,766	906,851	849,032	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	394,195	471,755	-88,156	14,905	207,392	180,248	60,808	41,232	65,066	64,769	33,270	23,557	27,595	2,732	90,243	97,246	90,311	55,491	44,669	39,949	19,431	-614	5,804	-2,579	-9,625	-22,187	-7,326	-3,075
Net Invested Capital	826,196	851,429	533,025	504,535	586,053	512,561	268,430	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	67,164	36,797	7,385	9,421	7,093	6,723	4,488	3,854	3,902	3,852	3,881	3,709	3,787	4,382	5,425	5,764	7,142	5,145	4,395	4,828	4,143	4,795	3,883	4,063	3,680	3,718	2,028	1,824
Net Tangible Assets	0	198,381	270,780	267,428	244,970	203,331	138,729	89,787	73,396	69,032	58,047	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,486,273	314,515	-519,103	-648,034	-1,280,702	-148,284	-77,406	-89,675	-101,549	-103,345	-98,231	-128,182	-131,651	853,194	829,830	831,970	860,561	585,149	569,662	587,627	478,948	464,970	54,225	49,469	38,564	0	0	0
Non Current Assets Total	3,786,968	851,649	684,834	492,393	487,997	476,609	291,294	256,718	256,149	248,636	255,977	261,553	263,628	245,420	270,588	217,655	256,437	160,402	178,883	197,273	137,561	181,481	8,546	9,090	9,656	9,897	9,841	8,053
Non Current Liabilities Other	0	418,843	25,495	28,914	245,174	215,799	93,655	77,425	96,240	86,813	57,779	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,928,693	393,700	177,813	154,427	255,927	223,027	101,327	77,927	1,188,506	1,096,698	1,043,058	69,688	79,722	79,754	114,791	119,909	115,397	69,916	62,539	33,000	21,500	18,000	14,000	10,600	1,959	14,207	17,402	17,061
Non Currrent Assets Other	3,514,631	-3,273	-980	-492,393	-487,997	1,289,650	-205	-202	41,421	11,439	675,503	658,457	-220,021	-200,296	-222,674	29,500	75,924	29,385	30,058	30,791	17,558	18,052	1,543	1,869	2,198	2,534	2,848	-68,761
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,977,966	1,493,921	1,758,118	1,407,433	2,615,563	1,817,151	1,633,981	-464	1,418	1,322	1,398,524	1,376,605	1,346,042	1,373,400	1,271,266	1,375,694	909,388	929,819	1,014,783	773,984	833,115	8,800	6,609	0	0	0	0
Other Current Assets	74,450	56,016	273,354	148,974	55,628	1,266,549	958,494	884,132	823,180	732,940	674,192	621,617	793,435	771,790	799,857	803,543	828,333	565,579	547,397	589,748	472,736	441,561	456,015	460,320	444,234	458,880	289,326	272,765
Other Current Liab	1,221,148	-393,700	1,326,416	1,130,948	1,574,144	1,810,629	1,311,969	1,121,103	1,052,033	968,918	942,475	0	0	0	0	0	0	0	0	0	0	0	413,869	429,493	420,934	0	0	0
Other Liab	0	5,634	5,706	5,944	0	0	13,391	11,692	12,168	12,124	9,489	13,695	10,452	7,605	8,858	12,035	8,230	8,209	5,319	3,930	3,597	3,354	2,924	3,213	0	0	0	0
Other Stockholder Equity	-75,422	-73,794	-56,907	-34,598	-21,144	-17,235	-17,235	-17,235	-17,235	-17,235	-19,801	-17,235	97,212	97,212	97,212	97,130	97,130	-15,214	-7,623	-7,494	-7,241	-7,241	-3,375	-3,947	-3,073	3,672	416	165
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	9,364	17,358	18,950	22,273	23,132	46,316	23,184	23,151	23,134	23,117	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	109,601	106,090	60,061	22,580	22,871	22,021	17,611	17,920	16,944	14,400	16,927	17,166	17,774	18,129	19,702	20,996	21,593	11,619	12,151	12,003	10,481	8,219	7,003	7,221	7,458	7,364	6,994	6,374
Property Plant And Equipment Net	58,401	64,018	22,445	22,580	22,871	22,021	17,816	18,122	16,944	14,400	16,927	17,166	17,774	18,129	19,702	20,996	21,593	11,619	12,151	12,003	10,481	8,219	7,003	7,221	7,458	7,364	6,994	6,374
Property Plant Equipment	0	64,018	22,445	25,258	22,871	22,021	17,611	17,920	16,944	14,400	16,927	17,166	17,774	18,129	19,702	20,996	21,593	10,779	12,151	11,824	10,481	8,219	7,003	7,221	0	0	0	0
Retained Earnings	183,788	156,493	125,558	93,048	67,974	41,320	31,652	19,263	5,300	-4,306	-10,823	-14,687	-17,667	-20,218	-17,774	-16,546	29,446	28,634	27,939	27,781	28,612	29,588	28,844	28,614	28,010	26,811	19,174	19,005
Retained Earnings Total Equity	0	156,492	125,558	93,048	67,974	41,320	31,652	19,263	5,300	-4,306	-10,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	338,000	393,700	0	0	226,500	5,000	10,000	106,852	125,667	116,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	455,826	516,593	177,813	154,427	255,927	223,027	101,327	77,927	100,627	94,627	67,153	69,688	79,722	81,762	117,185	123,895	117,656	73,351	64,930	65,610	41,414	23,183	25,031	13,207	5,025	14,207	17,402	17,061
Short Term Debt	339,575	393,700	25,915	29,493	120,685	5,000	10,000	106,852	125,667	116,240	0	0	0	2,008	2,394	3,986	2,259	3,435	2,391	32,610	19,914	5,183	11,031	1,207	3,066	0	0	0
Short Term Investments	618,272	615,402	559,874	363,464	358,499	347,364	231,062	195,864	196,249	197,905	199,613	203,961	0	0	0	0	18,408	0	25,510	9,947	0	12,700	6,025	51	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,861,418	3,537,830	3,011,983	2,762,918	2,309,557	2,138,954	1,525,857	1,377,263	1,314,577	1,214,609	1,168,868	1,136,971	1,112,977	1,100,622	1,102,812	1,053,611	1,119,257	748,986	750,936	817,510	636,423	651,634	487,671	489,259	472,220	508,889	325,923	302,778
Total Current Assets	74,450	708,215	833,228	512,407	414,127	1,662,345	1,234,563	1,120,545	1,058,892	964,555	911,569	875,418	849,349	855,202	832,224	835,956	862,820	588,584	572,053	620,237	498,862	470,153	479,125	480,169	462,564	498,991	316,082	294,725
Total Current Liabilities	1,560,723	393,700	1,352,331	1,160,441	1,694,829	1,810,629	1,311,969	1,210,220	1,160,441	1,067,900	1,009,800	1,003,600	981,000	2,008	2,394	3,986	2,259	3,435	2,391	32,610	19,914	5,183	424,900	430,700	424,000	0	0	0
Total Liab	3,489,416	3,202,994	177,813	154,427	255,927	1,840,056	1,341,396	1,239,647	1,188,506	1,096,698	1,043,058	1,032,991	1,010,449	1,003,672	1,004,015	976,994	993,101	669,514	663,826	729,297	567,298	579,945	438,944	441,334	424,025	455,148	291,075	268,350
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	372,002	334,836	355,212	350,108	330,126	298,898	184,461	137,616	126,071	117,911	125,810	103,980	102,528	96,950	98,797	76,617	126,156	79,472	87,110	88,213	69,125	71,689	48,727	47,925	48,195	53,741	34,848	34,427
Treasury Stock	0	-73,794	-56,907	-34,598	-21,144	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-15,214	-7,623	-7,494	-7,241	-7,241	-4,919	-4,818	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31
Accounts Payable	0	0	2,942,774	24,696	24,696	2,710,864	19,969	2,615,137	2,416,701	2,434,766	2,402,992	34,810	2,189,398	18,507	18,830	61,624	26,066	26,566	24,782	21,347	14,937	25,350	12,577	14,712	13,391	11,493	12,827	14,724	11,692	13,678	14,249	25,377	12,168	11,521	19,257	22,581	12,124	980,634	7,281	1,044,820	9,489	942,458	938,205	965,816	926,389	915,237	897,254	919,135	901,246	9,535	8,411	907,622	892,463	902,921	889,003	881,972	856,052	850,608	872,241	884,347	809,921	776,606	800,527	847,000	839,820	551,650	550,229	563,092	564,551	563,059	564,031	566,927	577,105	587,302	606,861	616,851	647,045	479,905	493,565	498,622	510,172	525,726	523,677	536,639	539,899	3,837	3,830	401,938	410,178	3,637	413,333	409,701	391,968	402,355	2,528	425,488	0	0	0	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-47,530	-79,462	-55,770	-49,910	-58,045	-69,818	-46,242	-20,689	8,820	9,298	11,693	9,569	14,619	14,387	13,654	9,888	6,874	11,667	8,609	3,517	-1,452	-4,881	-4,256	-3,828	-1,124	-397	-736	-1,976	-2,337	1,171	1,924	818	403	148	-678	584	1,955	1,406	-1,723	-2,904	-4,247	-6,130	-5,611	-1,966	-1,647	713	213	-60	-168	808	-986	-2,486	-3,178	-1,117	-1,699	-2,956	-3,758	-2,719	-4,145	-3,831	-3,967	-1,068	-236	864	-420	-1,957	-2,673	-2,205	-2,378	-1,151	-1,673	-1,586	-1,636	-1,236	-1,039	-1,518	-504	-292	-717	426	384	1,083	1,836	1,475	1,972	2,567	1,989	1,232	1,544	2,480	2,020	1,853	871	632	-395	-612	-400	1,800	2,600	5,200	7,400	3,500	3,000	400
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	311,166	310,975	310,784	310,412	310,182	299,515	278,240	277,919	277,741	277,627	277,495	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	61,631	51,788	43,073	54,444	44,838	42,393	234,517	414,426	265,969	253,165	245,306	437,238	139,522	194,773	196,520	256,023	48,535	62,219	49,839	164,094	42,779	64,754	41,156	118,970	40,519	33,394	39,515	182,446	36,695	33,229	41,772	214,407	35,561	33,619	35,092	142,339	29,858	24,128	49,893	119,715	33,883	50,093	62,104	90,492	46,131	38,861	54,189	86,931	52,127	85,749	42,264	93,843	79,030	26,105	22,504	19,394	26,942	23,292	60,364	22,136	26,649	30,964	26,305	25,780	27,345	14,682	17,565	15,509	17,860	19,662	20,798	17,706	20,261	18,764	24,328	24,442	25,661	20,115	21,063	21,083	21,983	25,629	26,917	22,922	23,797	22,291	20,446	12,678	19,227	21,843	15,396	21,368	15,786	15,599	16,223	18,001	0	0	0	0	0	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-60,406	51,788	43,073	54,444	660,240	43,872	765,334	965,963	265,969	744,314	695,180	788,602	491,686	560,647	564,903	621,909	407,034	417,506	409,312	514,028	389,073	381,720	272,169	353,012	271,581	262,813	269,712	405,691	232,559	234,196	242,415	416,193	231,810	232,274	232,521	342,032	227,763	225,019	247,573	323,712	233,496	250,449	261,970	295,864	250,092	38,861	54,189	86,931	52,127	85,749	42,264	93,843	79,030	26,105	22,504	19,394	26,942	23,292	60,364	22,136	26,649	30,964	26,305	25,780	27,345	14,682	17,565	15,509	17,860	19,662	20,798	17,706	20,261	18,764	24,328	24,442	25,661	20,115	21,063	21,083	21,983	25,629	26,917	22,922	23,797	22,291	20,446	12,678	19,227	21,843	15,396	21,368	15,786	15,599	16,223	18,001	0	0	0	0	0	0	0	0
Common Stock	311,166	310,975	310,784	310,412	310,182	299,515	278,240	277,919	277,741	277,627	277,495	277,164	277,039	276,940	276,841	276,546	276,422	267,559	267,275	266,990	266,901	265,324	158,191	154,170	153,810	153,562	153,495	153,167	118,975	118,126	115,750	115,442	115,330	115,267	115,248	115,187	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,447	114,365	114,365	114,365	114,365	114,365	68,430	68,430	68,430	68,430	68,430	68,430	68,430	68,430	68,430	68,430	68,430	68,430	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,300	23,300	23,300	23,300	23,300	23,300	23,300	15,300
Common Stock Shares Outstanding	15,155	15,146	15,187	15,179	15,647	15,323	14,541	14,853	15,009	15,096	15,530	15,820	15,915	15,991	15,990	16,518	16,734	16,850	16,923	16,902	16,898	13,271	12,615	12,597	12,597	12,597	12,594	11,608	10,964	10,965	10,952	10,939	10,922	10,922	10,905	10,905	10,905	10,905	10,905	10,905	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	7,708	5,389	5,431	5,455	5,455	5,471	5,471	5,676	5,675	5,803	5,810	5,811	5,807	5,032	5,038	5,041	5,033	5,041	5,044	5,041	5,033	5,035	5,089	4,078	4,078	4,083	4,083	4,084	4,084	4,095	4,077	4,139	4,190	4,250	4,260	4,260	4,260	4,260	4,260	4,260
Common Stock Total Equity	0	0	0	310,182	310,182	299,515	278,240	277,919	277,741	277,627	277,495	277,164	277,039	276,940	276,841	276,546	276,422	267,559	267,275	266,990	266,901	265,324	158,191	154,170	153,810	153,562	153,495	153,167	118,975	118,126	115,750	115,442	115,330	115,267	115,248	115,193	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,365	114,365	0	0	0	0	114,447	114,447	0	0	0	0	0	0	0	0	0	0	0	0	0	0	68,430	68,430	68,430	68,430	0	0	68,430	68,430	68,430	68,430	68,430	68,430	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	47,370	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,258	23,300	23,300	23,300	23,300	23,300	23,300	23,300	15,300
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	453,730	439,850	427,254	430,447	427,846	416,969	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	125,520	125,078	125,078	125,078	125,695	101,652	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	76,851	86,203	85,964	28,342	28,354	28,374	28,455	28,589	28,727	28,879	29,038	29,186	29,337	29,504	29,683	29,608	29,790	23,745	23,900	23,610	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	21,720	64,865	66,649	66,207	66,235	26,093	26,093	26,093	26,093	26,093	26,093	26,093	26,093	26,093	26,093	26,093	26,093	15,052	15,052	15,052	15,052	15,052	15,052	15,052	15,052	15,052	15,052	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	9,508	9,920	10,328	10,730	10,759	11,554	7,170	7,400	7,581	7,738	8,129	7,831	8,075	8,045	8,001	8,068	8,305	8,610	8,855	9,104	9,352	9,648	1,247	1,259	1,279	1,360	1,494	1,632	1,784	1,943	2,091	2,242	2,409	2,588	2,767	2,949	2,025	2,180	1,890	2,091	2,293	2,503	2,715	2,927	3,139	3,370	3,603	3,835	4,113	4,402	4,693	4,984	5,275	5,578	5,883	6,187	6,492	6,813	7,136	7,458	29,500	8,148	8,507	9,286	75,924	2,809	2,970	3,131	29,385	3,461	3,629	3,797	30,058	4,154	4,344	4,534	30,791	2,142	2,263	17,437	17,558	17,687	17,816	17,944	18,052	18,150	18,248	1,512	1,543	1,625	1,706	1,788	1,869	1,951	2,032	2,116	0	0	0	0	0	0	0	0
Inventory	-6,758	-63,277	-54,116	-64,724	-44,838	0	-242,835	0	0	26	0	0	31	0	0	0	0	0	0	0	0	4,025	4,058	11	2,213	4,689	4,755	1,757	2,305	2,889	5,274	2,250	2,814	1,717	4,507	3,447	2,970	266	3,125	1,395	611	5,049	1,106	669	2,344	1,213	1,393	1,694	1,695	483	134	0	1,796	0	0	0	1,834	0	0	0	1,661	719	719	719	1,276	719	840	840	1,405	0	0	0	1,294	0	56	815	10,463	262	208	335	884	2,992	3,064	1,157	1,731	1,233	353	656	2,452	1,256	1,292	949	660	160	437	2,627	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	3,861,418	3,732,916	3,615,980	3,584,558	3,537,830	3,241,719	3,039,099	3,184,357	3,011,983	2,952,236	2,924,643	3,057,368	2,762,918	2,817,993	2,812,153	2,575,856	2,309,557	2,269,065	2,202,995	2,277,702	2,138,954	2,085,535	1,548,307	1,600,305	1,525,857	1,496,088	1,462,015	1,569,015	1,377,263	1,372,280	1,359,911	1,506,896	1,314,577	1,313,331	1,317,272	1,407,239	1,214,609	1,181,999	1,186,503	1,250,887	1,168,868	1,147,787	1,143,248	1,173,686	1,136,971	1,121,875	1,109,372	1,133,434	1,112,977	1,145,185	1,089,102	1,118,597	1,100,622	1,116,364	1,118,564	1,106,415	1,102,812	1,103,720	1,100,668	1,124,399	1,053,611	1,099,745	1,108,704	1,129,152	1,119,257	776,564	774,740	753,430	748,986	741,236	748,149	729,301	750,936	763,111	776,046	787,048	817,510	635,281	636,331	635,891	636,423	642,779	646,114	651,750	651,634	661,222	642,050	485,551	487,671	504,185	493,886	500,020	489,259	486,138	474,328	487,475	472,200	487,000	482,500	488,000	508,800	495,000	486,500	328,000
Long Term Debt	116,194	117,458	119,307	135,894	122,893	165,501	114,614	178,704	177,813	104,427	104,427	42,080	154,427	237,849	238,841	154,427	29,427	84,427	84,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	55,627	29,427	67,144	29,427	67,162	69,671	69,680	69,688	69,697	79,705	79,714	79,722	29,427	29,427	81,138	81,762	80,515	95,502	96,108	117,185	111,270	91,156	91,365	123,895	160,785	149,633	121,045	117,656	114,096	119,578	80,261	73,351	70,124	83,761	62,893	64,930	65,207	64,829	65,503	65,610	73,439	59,936	53,509	41,414	22,211	25,683	26,722	23,183	23,231	21,380	21,789	14,811	14,960	15,108	15,255	12,000	7,542	1,683	1,822	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	135,894	135,894	122,226	114,614	110,556	113,885	42,285	43,990	42,080	51,191	237,849	238,841	154,427	29,427	84,427	84,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	29,427	0	29,427	0	29,427	0	0	0	0	0	0	0	0	29,427	29,427	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	650,439	629,732	647,699	3,150,819	651,177	622,652	2,582,647	572,010	577,957	516,237	479,368	2,414,308	384,887	2,422,160	2,415,170	2,099,695	2,054,987	1,998,766	1,947,020	1,910,749	1,895,947	1,823,304	1,171,223	1,143,323	1,153,724	1,133,708	1,092,498	1,063,680	1,044,469	1,036,343	1,019,542	997,958	993,766	991,618	996,231	976,686	906,851	0	858,306	0	849,032	0	0	0	0	0	0	0	0	761,108	748,060	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	394,195	497,170	218,234	278,696	471,755	178,108	-55,780	-235,722	-88,156	-148,738	-140,879	-282,811	14,905	143,349	141,602	-84,596	207,392	203,308	155,888	-7,567	180,248	109,773	144,471	-29,543	60,808	52,783	53,212	-138,019	41,232	31,198	34,955	-167,480	65,066	68,008	49,635	-95,412	64,769	31,499	17,034	-52,571	33,270	17,069	7,567	-20,812	23,557	30,836	25,516	-7,217	27,595	16,320	39,133	-12,705	2,732	54,410	72,998	76,714	90,243	87,978	30,792	69,229	97,246	129,821	123,328	95,265	90,311	99,414	102,013	64,752	55,491	50,462	62,963	45,187	44,669	46,443	40,501	41,061	39,949	53,324	38,873	32,426	19,431	-15,918	-1,234	-8,700	-614	-4,060	-5,944	19,059	5,804	-5,031	638	-5,729	-2,579	-8,057	-14,540	-6,781	16,000	24,900	15,100	13,800	17,300	17,200	13,500	9,500
Net Invested Capital	826,196	881,703	611,183	680,837	851,429	468,103	480,799	506,396	533,025	452,877	456,840	504,485	504,535	496,482	491,040	499,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	67,164	48,259	46,553	37,570	36,797	9,175	8,318	7,738	7,385	7,728	8,123	8,571	9,421	10,227	11,047	7,220	7,093	7,501	7,350	7,304	6,723	6,878	4,489	4,842	4,488	4,999	3,928	4,460	3,854	4,547	3,798	4,395	3,902	4,880	3,987	3,977	3,852	4,523	3,555	4,202	3,881	4,540	3,692	4,381	3,709	4,709	3,712	4,553	3,787	5,061	4,050	5,345	4,382	5,389	4,948	5,668	5,425	6,206	5,339	6,183	5,764	6,464	6,514	6,821	7,142	5,766	5,327	5,181	5,145	5,244	4,808	4,745	4,395	4,717	4,302	4,706	4,828	0	0	4,143	4,143	0	0	0	4,795	8,922	8,453	7,372	3,883	6,769	6,454	6,428	4,063	6,902	7,432	7,262	0	0	0	0	0	0	0	0
Net Tangible Assets	0	0	217,526	198,381	198,381	189,396	218,041	243,441	270,780	263,861	267,433	265,376	267,428	257,159	251,761	243,248	244,970	234,644	229,142	216,738	203,331	192,546	148,256	142,655	138,729	135,969	132,686	128,302	89,787	89,495	84,893	78,930	73,396	71,381	68,141	66,828	69,032	0	67,163	0	58,047	0	0	0	0	0	0	0	0	53,268	50,284	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,486,273	-331,453	-52,374	-119,986	314,515	-3,432	-125,811	-1,704,260	-2,205,604	-170,665	-130,325	2,568,749	2,267,188	110,635	52,028	2,064,525	-128,444	1,603,584	1,593,477	-137,529	-148,284	-125,533	-72,563	-77,535	-77,437	-78,421	-82,573	-79,881	-89,655	-93,591	-94,663	-101,550	-101,608	-105,131	-107,234	-110,707	-103,345	-106,517	-105,991	-118,066	-98,231	-124,288	-125,174	-128,046	-128,182	-134,112	789,393	-137,280	-131,651	873,590	820,139	857,427	853,194	864,698	856,173	839,922	829,830	835,896	855,987	876,414	831,970	838,057	858,892	868,202	860,561	617,328	618,825	596,198	585,149	575,680	580,596	553,173	569,662	580,340	592,245	598,297	587,627	511,402	513,762	474,447	478,948	-53,766	478,571	481,167	464,970	66,274	64,892	59,561	54,225	56,353	55,048	54,281	49,469	45,493	462,626	468,641	0	0	0	0	0	0	0	0
Non Current Assets Total	3,786,968	823,719	844,004	862,915	851,649	168,492	658,661	678,371	684,834	623,542	587,165	485,282	492,393	495,082	497,707	494,331	487,997	484,381	488,218	479,013	476,609	444,368	291,817	294,940	291,294	289,809	290,788	283,996	256,718	261,271	260,274	261,446	256,149	257,862	256,606	259,046	248,636	251,816	249,321	256,053	255,977	256,575	256,722	262,532	261,553	268,387	269,701	270,114	263,628	269,256	267,304	259,778	245,420	250,912	261,658	265,165	270,588	266,356	243,338	246,481	217,655	258,460	245,431	259,254	256,437	156,235	154,114	155,490	160,402	162,234	167,063	175,738	178,883	180,168	182,661	187,021	197,273	113,440	117,133	129,435	137,561	147,045	164,360	170,551	181,481	26,348	26,558	8,390	8,546	8,732	8,838	8,939	9,090	9,245	9,174	9,435	0	100	0	0	-100	0	0	0
Non Current Liabilities Other	0	0	0	418,843	418,843	25,475	71,952	23,931	25,495	23,331	24,916	29,513	28,914	25,813	23,608	22,699	245,174	15,088	15,554	149,070	215,799	163,615	170,430	77,452	93,655	71,898	76,030	38,674	77,425	56,713	65,025	41,772	96,240	93,087	72,760	38,988	86,813	0	17,881	0	57,779	0	0	0	0	0	0	0	0	91,925	71,126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,928,693	117,458	119,307	212,000	393,700	2,884,117	2,737,037	178,704	177,813	104,427	104,427	154,427	154,427	154,427	154,427	154,427	255,927	84,427	84,427	156,527	223,027	174,527	1,358,459	89,427	101,327	86,177	92,727	44,427	77,927	64,427	76,727	46,927	1,188,506	101,627	84,727	46,927	1,096,698	55,627	1,075,264	67,144	1,043,058	67,162	69,671	69,680	69,688	69,697	29,427	79,714	79,722	99,730	79,738	79,746	79,754	79,761	94,769	94,780	114,791	109,802	89,813	89,861	119,909	157,557	145,252	119,349	115,397	111,095	117,777	78,519	69,916	66,802	83,271	62,503	62,539	62,604	63,689	63,773	33,000	63,000	54,500	21,500	21,500	9,711	22,500	14,190	18,000	19,000	19,200	19,000	14,000	14,000	14,000	14,000	10,600	6,000	1,683	1,822	0	0	0	0	0	0	0	0
Non Currrent Assets Other	3,514,631	-25,112	-18,768	-17,196	-3,273	-622,652	-658,661	100,654	84,432	88,975	-587,165	-400,600	-407,467	-410,186	1,738,496	1,452,396	-379,970	1,359,677	1,298,115	1,277,357	1,289,650	1,252,569	1,210,085	947,511	-205	938,467	897,587	874,868	-202	872,266	853,424	18,282	41,421	3,841	2,977	-2,929	11,439	700,641	-675	666,920	675,503	636,223	620,864	-39,832	658,457	-913,449	-882,429	-244,559	-220,021	-243,134	-240,891	-233,074	-200,296	-223,614	-234,055	-237,258	-222,674	-237,823	-214,482	-217,303	29,500	73,013	75,156	75,493	75,924	28,902	29,063	29,224	29,385	29,554	29,722	29,890	30,058	30,247	30,437	30,627	30,791	17,194	17,315	17,437	17,558	17,687	17,816	17,944	18,052	18,150	18,248	1,512	1,543	1,625	1,706	1,788	1,869	1,951	2,032	2,116	-7,500	-7,100	-7,400	-7,300	-7,400	-7,500	-7,500	-6,900
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	2,809,150	2,682,350	2,629,629	1,977,966	3,021,659	1,606,786	1,532,285	2,053,795	2,952,236	2,924,643	3,057,368	2,762,918	2,817,993	2,812,153	2,575,856	2,797,554	2,753,446	2,691,213	2,756,715	2,615,563	2,529,903	-147	1,895,245	1,817,151	1,785,897	1,752,803	1,853,011	1,633,981	1,633,551	1,620,185	1,768,342	-464	1,571,193	1,573,878	1,666,285	1,418	1,433,815	1,373	1,506,940	1,322	1,404,362	1,399,970	1,436,218	1,398,524	1,390,262	1,379,073	1,403,548	1,376,605	1,414,441	1,356,406	1,378,375	1,346,042	1,367,276	1,380,222	1,371,580	1,373,400	1,370,076	1,344,006	1,370,880	1,271,266	1,358,205	1,354,135	1,388,406	1,375,694	932,799	928,854	908,920	909,388	903,470	915,212	905,039	929,819	943,279	958,707	974,069	1,014,783	748,721	753,464	765,326	773,984	789,824	810,474	822,301	833,115	177,417	155,739	121,657	121,617	124,229	120,569	124,207	123,610	139,878	140,966	155,353	472,200	486,900	482,500	488,000	508,900	495,000	486,500	328,000
Other Current Assets	74,450	63,277	54,116	64,724	56,016	-1,479	242,835	-2,568	2,061,180	1,576,652	1,634,175	1,774,913	1,769,418	1,752,037	1,738,496	1,452,396	1,407,433	1,359,677	1,298,115	1,277,357	1,266,549	1,252,569	979,979	947,511	958,494	938,467	897,587	874,868	884,132	872,266	853,424	824,862	823,180	818,315	824,158	802,184	732,940	700,641	684,681	666,920	674,192	636,223	620,864	610,909	621,617	809,918	781,770	771,836	793,435	785,119	775,484	759,631	771,790	833,958	829,454	816,188	799,857	807,866	791,627	849,599	803,543	803,857	830,454	837,297	828,333	599,881	597,734	577,250	565,579	554,096	555,480	531,112	547,397	559,462	564,755	570,879	589,748	501,726	498,135	485,373	472,736	470,105	454,837	458,277	441,561	603,661	586,593	457,111	456,015	466,841	463,198	463,285	460,320	454,392	441,499	452,776	0	0	0	0	0	0	0	0
Other Current Liab	1,221,148	-431,500	-142,000	-212,000	-393,700	2,709	881,984	2,615,137	2,416,701	2,434,766	2,402,992	2,475,907	2,189,398	2,068,769	2,069,261	1,991,939	1,678,764	1,632,621	1,632,720	1,765,801	1,579,893	1,577,755	1,146,172	1,290,671	1,204,923	1,201,289	1,164,888	1,311,453	1,121,103	1,134,153	1,115,007	1,279,780	1,052,033	1,055,959	1,075,806	1,197,316	968,918	0	979,136	0	942,475	0	0	0	0	0	0	0	0	911,762	880,299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	564,421	546,268	406,994	413,869	432,651	427,966	436,416	429,493	429,858	-2,528	0	0	0	0	0	0	0	0	0
Other Liab	0	0	7,742	0	5,634	6,704	19,288	4,837	5,706	6,629	0	0	0	0	0	0	0	0	0	0	0	25,350	12,577	14,712	13,391	11,493	12,827	14,724	11,692	13,678	14,249	25,377	12,168	11,521	19,257	22,581	12,124	9,727	7,281	12,363	9,489	14,441	13,792	13,061	13,695	11,521	12,207	11,426	10,452	9,535	8,411	10,248	7,605	11,365	13,139	9,347	8,858	15,208	12,037	16,876	12,035	5,605	6,939	8,627	8,230	10,904	9,774	11,359	8,209	7,106	6,864	6,296	5,319	6,620	6,571	6,309	3,930	5,353	4,591	4,342	3,597	2,990	2,800	3,605	3,354	3,837	3,830	2,929	2,924	3,637	3,202	3,698	3,213	2,594	2,528	2,703	0	0	0	0	0	0	0	0
Other Stockholder Equity	-75,422	-75,412	-73,915	-73,915	-73,794	-73,641	-67,528	-61,472	-56,907	-55,155	-45,953	-38,574	-34,598	-33,900	-32,594	-32,239	-21,144	-21,144	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-19,801	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	97,212	-17,235	-17,235	-17,235	97,212	-17,235	-17,235	-17,235	97,212	-17,235	-17,235	-17,235	97,130	97,130	97,130	97,130	97,130	-16,842	-16,842	-15,731	-15,214	53,216	53,216	53,216	-7,623	-7,623	-7,623	-7,494	-7,494	-7,383	-7,383	-7,241	-7,241	-7,241	-7,241	-7,241	-7,241	326	-97	-3,800	-3,375	-2,439	-2,899	-3,066	-3,947	-4,186	-4,850	-4,808	-2,700	-2,200	-1,400	-2,700	-3,800	0	-100	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,158	9,364	9,364	9,364	10,878	13,250	17,034	17,358	17,557	17,568	17,708	18,950	19,776	22,124	22,273	22,273	22,273	22,273	22,309	23,132	23,132	23,132	23,132	46,316	23,184	23,184	23,184	23,184	23,184	23,159	23,155	23,151	23,146	23,142	23,138	23,134	23,129	23,125	23,121	23,117	23,113	23,109	23,105	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	109,601	0	0	0	106,090	0	0	0	0	0	22,817	22,265	22,580	22,958	23,137	22,443	22,871	22,201	21,720	21,772	22,021	22,518	17,308	17,424	17,611	17,688	17,777	17,952	17,920	17,340	16,711	16,773	16,944	16,200	16,308	16,163	14,400	14,471	15,483	15,831	16,927	16,563	16,881	16,963	17,166	17,380	17,630	17,582	17,774	18,038	18,168	18,028	18,129	18,388	18,705	19,512	19,702	20,132	20,530	20,739	20,996	20,706	21,829	21,460	21,593	11,582	10,756	10,693	11,619	10,777	11,795	11,900	12,151	12,335	12,508	11,748	12,003	9,952	9,972	10,416	10,481	9,502	8,584	8,343	8,219	8,198	8,310	6,878	7,003	7,107	7,132	7,151	7,221	7,294	7,142	7,319	7,500	7,100	7,400	7,300	7,400	7,500	7,500	6,900
Property Plant And Equipment Net	58,401	58,989	60,899	61,895	64,018	30,168	24,151	22,110	22,445	22,716	22,817	22,265	22,580	22,958	23,137	22,443	22,871	22,201	21,720	21,772	22,021	22,518	17,308	17,424	17,816	17,688	17,777	17,952	18,122	17,340	16,711	16,773	16,944	16,200	16,308	16,163	14,400	14,471	16,158	15,831	16,927	16,563	16,881	16,963	17,166	17,380	17,630	17,582	17,774	18,038	18,168	18,028	18,129	18,388	18,705	19,512	19,702	20,132	20,530	20,739	20,996	20,706	21,829	21,460	21,593	11,582	10,756	10,693	11,619	10,777	11,795	11,900	12,151	12,335	12,508	11,748	12,003	9,952	9,972	10,416	10,481	9,502	8,584	8,343	8,219	8,198	8,310	6,878	7,003	7,107	7,132	7,151	7,221	7,294	7,142	7,319	7,500	7,100	7,400	7,300	7,400	7,500	7,500	6,900
Property Plant Equipment	0	0	60,899	64,018	64,018	30,168	24,151	22,110	22,445	22,716	22,817	22,265	25,258	22,958	23,137	22,443	22,871	22,201	21,720	21,772	22,021	22,518	17,308	17,424	17,611	17,688	17,777	17,952	17,920	17,340	16,711	16,773	16,944	16,200	16,308	16,163	14,400	14,471	16,158	15,831	16,927	16,563	16,881	16,963	17,166	17,380	17,630	17,582	17,774	18,038	18,168	18,028	18,129	18,388	18,705	19,512	19,702	20,132	20,530	20,739	20,996	20,706	21,110	21,460	21,593	10,863	10,756	10,693	10,779	11,682	11,795	11,900	12,151	12,335	12,508	11,748	11,824	9,952	9,972	10,416	10,481	9,502	8,584	8,343	8,219	8,198	8,310	6,878	7,003	7,107	7,132	7,151	7,221	7,294	7,142	7,319	0	0	0	0	0	0	0	0
Retained Earnings	183,788	176,644	168,777	161,110	156,493	146,546	137,592	131,934	125,558	116,680	109,178	101,899	93,048	84,628	78,712	73,972	67,974	62,023	56,199	49,421	41,320	35,302	39,898	37,902	31,652	28,494	25,751	23,073	19,263	16,471	13,640	9,242	5,300	2,884	414	-1,918	-4,306	-5,785	-7,300	-8,747	-10,823	-11,268	-12,544	-13,295	-14,687	-16,132	-16,488	-16,899	-17,667	-18,630	-19,529	-19,759	-20,218	-20,271	-18,584	-18,032	-17,774	-17,353	-17,481	-17,017	-16,546	26,236	25,005	26,441	29,446	27,258	27,246	26,730	28,634	26,265	26,512	26,309	27,939	25,932	25,989	26,144	27,781	27,086	28,458	28,416	28,612	30,521	30,524	30,130	29,588	30,923	30,107	29,489	28,844	30,254	29,485	29,060	28,614	29,711	29,173	28,609	28,000	29,000	28,500	28,000	26,800	27,300	26,800	19,600
Retained Earnings Total Equity	0	0	0	156,492	156,492	146,546	137,592	131,934	125,558	116,680	109,178	101,899	93,048	84,628	78,712	73,972	67,974	62,023	56,199	49,421	41,320	35,302	39,898	37,902	31,652	28,494	25,751	23,073	19,263	16,471	13,640	9,242	5,300	2,884	414	-1,924	-4,306	0	-7,300	0	-10,823	0	0	0	0	0	0	0	0	-18,630	-19,529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	338,000	431,500	142,000	212,000	393,700	55,000	0	0	0	0	0	0	0	0	0	17,000	226,500	181,100	121,300	5,000	5,000	0	199,857	106,879	10,000	101,325	105,457	38,674	106,852	56,713	65,025	0	125,667	0	0	0	116,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	455,826	548,958	261,307	333,140	516,593	220,501	178,737	178,704	177,813	104,427	104,427	154,427	154,427	338,122	338,122	171,427	255,927	265,527	205,727	156,527	223,027	174,527	185,627	89,427	101,327	86,177	92,727	44,427	77,927	64,427	76,727	46,927	100,627	101,627	84,727	46,927	94,627	55,627	66,927	67,144	67,153	67,162	69,671	69,680	69,688	69,697	79,705	79,714	79,722	102,069	81,397	81,138	81,762	80,515	95,502	96,108	117,185	111,270	91,156	91,365	123,895	160,785	149,633	121,045	117,656	114,096	119,578	80,261	73,351	70,124	83,761	62,893	64,930	65,207	64,829	65,503	65,610	73,439	59,936	53,509	41,414	9,711	25,683	14,222	23,183	18,231	14,502	31,737	25,031	16,812	16,034	15,639	13,207	7,542	1,683	11,220	16,000	24,900	15,100	13,800	17,300	17,200	13,500	9,500
Short Term Debt	339,575	431,500	142,000	212,000	393,700	55,000	17,479	75,000	75,000	75,000	75,000	125,000	250,000	125,000	125,000	17,000	226,500	181,100	121,300	5,000	5,000	0	199,857	106,879	10,000	101,325	105,457	38,674	106,852	56,713	65,025	0	125,667	0	0	0	116,240	0	37,500	0	0	0	0	0	0	0	50,278	0	0	2,339	1,659	1,392	2,008	754	733	1,328	2,394	1,468	1,343	1,504	3,986	3,228	4,381	1,696	2,259	3,001	1,801	1,742	3,435	3,322	490	390	2,391	2,603	1,140	1,730	32,610	10,439	5,436	32,009	19,914	0	3,183	32	5,183	342	502	10,606	11,031	2,812	2,034	384	1,207	1,542	0	9,398	16,000	24,900	15,100	13,800	17,300	17,200	13,500	9,500
Short Term Investments	618,272	593,487	617,298	627,707	615,402	602,046	530,817	552,377	559,874	498,149	457,804	356,824	363,464	365,874	368,383	365,886	358,499	355,287	359,473	349,934	347,364	318,112	231,013	234,915	231,062	229,419	230,197	223,245	195,864	200,967	200,643	201,786	196,249	198,655	197,429	199,693	197,905	200,891	197,680	203,997	199,613	200,356	199,866	205,372	203,961	210,344	211,224	211,503	0	209,708	207,405	199,779	0	189,954	200,078	202,364	0	202,309	178,646	180,341	0	148,518	148,446	147,582	18,408	104,604	103,146	104,423	0	110,998	114,756	123,286	25,510	137,578	139,707	144,636	9,947	86,283	89,834	0	0	0	0	0	12,700	0	0	0	6,025	0	0	0	51	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,861,418	3,732,916	3,615,980	3,584,558	3,537,830	3,241,719	3,039,099	3,184,357	3,011,983	2,952,236	2,924,643	3,057,368	2,762,918	2,817,993	2,812,153	2,575,856	2,309,557	2,269,065	2,202,995	2,277,702	2,138,954	2,085,535	1,548,307	1,600,305	1,525,857	1,496,088	1,462,015	1,569,015	1,377,263	1,372,280	1,359,911	1,506,896	1,314,577	1,313,331	1,317,272	1,407,239	1,214,609	1,181,999	1,186,503	1,250,887	1,168,868	1,147,787	1,143,248	1,173,686	1,136,971	1,121,875	1,109,372	1,133,434	1,112,977	1,145,185	1,089,102	1,118,597	1,100,622	1,116,364	1,118,564	1,106,415	1,102,812	1,103,720	1,100,668	1,124,399	1,053,611	1,099,745	1,108,704	1,129,152	1,119,257	776,564	774,740	753,430	748,986	741,236	748,149	729,301	750,936	763,111	776,046	787,048	817,510	635,281	636,331	635,891	636,423	642,779	646,114	651,750	651,634	661,222	642,050	485,551	487,671	504,185	493,886	500,020	489,259	486,138	474,328	487,475	472,200	487,000	482,500	488,000	508,800	495,000	486,500	328,000
Total Current Assets	74,450	100,047	89,626	92,014	708,215	51,568	773,652	973,701	273,354	2,328,694	2,337,478	2,572,086	2,270,525	2,322,911	2,314,446	2,081,525	1,821,560	1,784,684	1,714,777	1,798,689	1,662,345	1,641,167	1,256,637	1,305,365	1,234,563	1,206,279	1,171,227	1,285,019	1,120,545	1,111,009	1,099,637	1,245,450	1,058,892	1,055,469	1,060,666	1,148,193	964,555	930,183	935,809	994,834	911,569	891,212	886,526	911,154	875,418	853,488	839,671	863,320	849,349	875,929	821,798	858,819	855,202	865,452	856,906	841,250	832,224	837,364	857,330	877,918	835,956	841,285	863,273	869,898	862,820	620,329	620,626	597,940	588,584	579,002	581,086	553,563	572,053	582,943	593,385	600,027	620,237	521,841	519,198	506,456	498,862	495,734	481,754	481,199	470,153	634,874	615,492	477,161	479,125	495,453	485,048	491,081	480,169	476,893	465,154	478,040	0	0	0	0	0	0	0	0
Total Current Liabilities	1,560,723	431,500	142,000	212,000	393,700	55,000	899,463	2,677,961	2,478,958	2,499,359	2,467,803	3,337	3,337	2,212,276	2,262,418	17,000	1,950,004	181,100	121,300	1,936,218	1,810,629	1,766,700	1,329,200	1,382,900	1,312,000	1,284,700	1,253,800	1,364,900	1,210,200	1,204,600	1,194,300	1,347,000	1,160,500	1,160,600	1,167,900	1,258,900	1,067,900	1,036,700	1,041,800	1,112,900	1,009,800	1,015,500	1,011,700	1,039,200	1,003,600	987,600	50,278	1,000,600	981,000	2,339	1,659	1,392	2,008	754	733	1,328	2,394	1,468	1,343	1,504	3,986	3,228	4,381	1,696	2,259	3,001	1,801	1,742	3,435	3,322	490	390	2,391	2,603	1,140	1,730	32,610	10,439	5,436	32,009	19,914	549,500	3,183	32	5,183	568,600	550,600	417,600	424,900	439,100	430,000	436,800	430,700	431,400	2,528	9,398	16,000	24,900	15,100	13,800	17,300	17,200	13,500	9,500
Total Liab	3,489,416	3,400,171	3,266,104	3,236,861	3,202,994	2,939,117	2,737,037	2,856,665	2,656,771	2,603,786	2,572,230	2,707,310	2,412,810	2,475,938	2,475,540	2,247,689	1,979,431	1,939,802	1,878,783	1,965,645	1,840,056	1,796,147	1,358,459	1,412,262	1,341,396	1,314,107	1,283,172	1,394,278	1,239,647	1,233,971	1,223,708	1,376,356	1,188,506	1,189,994	1,197,250	1,288,312	1,096,698	1,066,116	1,075,264	1,142,276	1,043,058	1,044,871	1,041,089	1,068,633	1,032,991	1,016,980	1,005,276	1,030,026	1,010,449	1,042,649	989,263	1,020,492	1,003,672	1,017,411	1,018,510	1,007,070	1,004,015	1,003,467	1,001,973	1,024,930	976,994	977,447	986,805	1,004,717	993,101	699,675	698,579	676,206	669,514	662,906	670,094	651,362	663,826	677,608	690,289	701,486	729,297	568,500	568,603	566,920	567,298	558,546	573,625	567,516	579,945	582,603	564,670	436,604	438,944	453,112	444,042	450,768	441,334	437,355	426,748	440,416	424,000	435,100	429,500	434,200	455,100	440,900	433,500	292,700
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	372,002	332,745	349,876	347,697	334,836	302,602	302,062	327,692	355,212	348,450	352,413	350,058	350,108	342,055	336,613	328,167	330,126	329,263	324,212	312,057	298,898	289,388	189,848	188,043	184,461	181,981	178,843	174,737	137,616	138,309	136,203	130,540	126,071	123,337	120,022	118,927	117,911	115,883	111,239	108,611	125,810	102,916	102,159	105,053	103,980	104,895	104,096	103,408	102,528	102,536	99,839	98,105	96,950	98,953	100,054	99,345	98,797	100,253	98,695	99,469	76,617	122,298	121,899	124,435	126,156	76,889	76,161	77,224	79,472	78,330	78,055	77,939	87,110	85,503	85,757	85,562	88,213	66,781	67,728	68,971	69,125	71,733	72,489	71,734	71,689	73,619	72,225	48,947	48,727	51,073	49,844	49,252	47,925	48,783	47,581	47,058	48,200	51,900	53,000	53,800	53,700	54,100	53,000	35,300
Treasury Stock	0	0	0	-73,794	-73,794	-73,641	-67,528	-61,472	-56,907	-55,155	-45,953	-38,574	-34,598	-33,900	-32,594	-32,239	-21,144	-21,144	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-17,235	-16,842	-16,842	-15,731	-15,214	-15,214	-15,214	-15,214	-7,623	-7,623	-7,623	-7,494	-7,494	-7,383	-7,383	-7,241	-7,241	-7,241	-7,241	-7,241	-7,241	-7,241	-7,241	-5,032	-4,919	-4,919	-4,919	-4,919	-4,818	-4,818	-4,454	-4,196	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Begin Period Cash Flow	43,361	264,239	137,049	48,535	42,779	40,519	36,695	35,561	29,858	34,186	46,131	52,127	79,030	26,942	26,649	27,345	17,860	20,261	25,661	21,983	23,797	19,227	15,735	14,599	16,444	17,696	11,615	16,296
Capital Expenditures	10,429	6,508	1,927	1,972	3,201	1,472	1,015	2,437	1,999	485	1,281	905	6,244	1,193	535	807	1,068	398	1,349	632	3,259	740	633	738	1,423	815	510	894
Cash And Cash Equivalents Changes	0	-220,878	127,190	90,987	5,756	2,260	3,824	1,134	5,703	-4,328	-12,248	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-120	-1,964	-37	-153	387	0	0	74	0	3,408	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	17,045	-220,878	127,190	90,987	5,756	2,260	3,824	1,134	5,703	-4,328	-12,248	-5,996	-26,903	52,088	293	-696	9,485	-2,401	-5,400	3,678	-1,814	4,570	3,492	1,136	-1,845	-1,252	2,713	-4,681
Change In Working Capital	7,217	-21,983	1,995	-3,758	1,634	676	1,659	-1,393	-1,275	3,226	-2,275	1,410	2,144	326	-4,008	5,065	-7,434	305	-1,494	-1,531	3,056	-4,468	-452	-365	1,454	-366	-204	546
Change Receivables	0	-2,049	2,036	-2,328	-370	-1,285	-634	48	144	29	-172	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,641	-2,049	2,036	-2,328	-370	-1,285	-634	48	144	29	-172	78	595	1,043	0	1,378	0	0	131	968	0	0	0	0	0	0	0	0
Change To Inventory	1,527	0	0	-2,277	663	151	946	170	-410	11	1,896	332	0	0	0	0	0	20	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-19,934	-41	-2,277	1,341	1,810	1,347	-1,611	-1,009	3,186	-2,103	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	3,359	6,680	83	361	1,688	819	-1,112	-40	-1,170	2,911	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-19,934	-41	847	1,341	1,810	1,347	-1,611	-1,009	3,186	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	12,339	5,752	2,866	3,166	3,185	1,881	1,835	1,956	1,904	1,945	2,355	2,467	2,713	2,808	3,100	3,155	1,260	1,550	1,741	781	2,115	2,662	1,634	1,304	1,916	925	1,139	853
Dividends Paid	9,599	8,493	8,036	7,118	7,194	4,749	3,682	3,254	3,139	3,338	2,315	2,084	1,390	1,159	2,868	7,014	6,073	6,220	6,501	5,644	6,543	6,383	5,063	5,088	4,863	4,464	3,265	3,120
End Period Cash Flow	60,406	43,361	264,239	139,522	48,535	42,779	40,519	36,695	35,561	29,858	33,883	46,131	52,127	79,030	26,942	26,649	27,345	17,860	20,261	25,661	21,983	23,797	19,227	15,735	14,599	16,444	14,328	11,615
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	50,403	18,675	38,834	30,235	36,325	18,485	19,804	15,272	13,074	14,401	11,185	15,988	14,601	17,886	6,770	19,005	2,532	8,864	7,248	5,404	5,852	6,386	3,947	5,298	5,920	2,771	3,491	4,230
Investments	-419,434	-39,143	-204,817	-340,022	-147,096	-177,667	-145,391	-57,589	-15,188	-49,642	-55,452	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-136,106	19,967	-91,260	116,475	-9,556	-9,670	3,885	-1,573	29,034	-5,701	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	41,381	39,427	40,546	32,192	33,878	14,139	15,872	17,217	12,745	9,528	6,179	5,579	3,958	-1,268	1,655	-38,978	6,885	6,160	6,659	4,813	5,567	7,127	5,293	5,692	6,062	5,761	3,434	3,965
Other Cashflows From Financing Activities	-16,887	325,437	297,270	603,069	133,246	31,170	102,550	50,255	10,673	85,703	36,052	29,333	28,470	36,333	80,092	-15,809	60,968	25,340	-47,846	-10,638	-11,890	22,648	1,198	25,620	-30,193	21,902	21,330	1,793
Other Cashflows From Investing Activities	0	-364,713	76,248	259	-212	145,021	226	-3,549	5,283	1,631	817	1,349	0	1,149	1,461	733	1,632	0	797	422	0	0	0	0	0	0	0	0
Other Non Cash Items	-414	685	-6,667	2,870	806	2,115	1,243	1,617	425	187	3,116	-498	520	978	-5,651	51,279	1,136	328	1,130	1,061	-761	2,051	-556	364	105	-3,461	-262	-334
Sale Purchase Of Stock	-1,628	-16,887	-22,309	-13,454	-4,313	0	-4	-1	0	-22,857	0	-564	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	984	819	702	617	531	428	426	323	106	0	1,729	7,605	11,876	18,877	12,471	0	0	643	-20	802	-932	-341	-1,301	-1,049	-1,799	0	0	0
Total Cash From Financing Activities	266,131	164,303	216,925	398,802	116,739	16,421	129,185	47,000	2,534	29,282	31,202	16,651	2,540	-249	50,514	-23,011	48,453	-11,013	-54,663	-16,282	-19,433	16,265	-7,265	9,932	-35,056	16,185	16,881	-4,290
Total Cash From Operating Activities	60,832	25,183	40,761	32,207	39,526	19,957	20,819	17,709	15,073	14,886	12,466	16,893	20,845	19,079	7,305	19,812	3,600	9,262	8,597	6,036	9,111	7,126	4,580	6,036	7,343	3,586	4,001	5,124
Total Cashflows From Investing Activities	0	-410,364	-130,496	-340,022	-150,509	-34,118	-146,180	-63,575	-11,904	-48,496	-55,916	-39,540	0	33,258	0	2,503	0	0	40,666	13,924	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31
Begin Period Cash Flow	50,316	41,354	52,723	43,361	40,914	233,281	412,698	264,239	253,165	245,306	437,238	139,522	194,773	196,520	256,023	48,535	62,219	49,839	164,094	42,779	64,754	41,156	118,970	40,519	33,394	39,515	182,446	36,695	33,229	41,772	214,407	35,561	33,619	35,092	142,339	29,858	24,128	49,893	119,715	33,883	50,093	62,104	90,492	46,131	38,861	54,189	86,931	52,127	85,749	42,264	93,843	79,030	68,105	54,504	43,394	26,942	35,292	60,364	69,136	26,649	30,964	26,305	25,780	27,345	14,682	17,565	15,509	17,860	19,662	20,798	17,706	20,261	18,764	24,328	24,442	25,661	20,115	21,063	21,083	21,983	25,629	26,917	22,922	23,797	22,291	20,446	12,678	19,227	21,843	15,396	21,368	15,735	15,548	16,172	17,950	14,599	0	1,510	0	0	2,470	1,980	0	0
Capital Expenditures	8,265	806	113	1,245	3,300	536	2,534	138	238	472	1,054	163	192	385	1,260	135	1,472	1,078	435	216	948	232	187	105	260	220	131	404	1,145	925	241	126	1,066	206	442	285	228	30	45	182	824	28	269	160	203	103	420	179	5,142	249	596	257	145	530	276	242	34	51	255	195	568	725	150	351	476	224	262	106	156	111	280	84	84	77	1,020	168	50	200	211	171	1,258	1,164	471	366	300	149	188	103	29	224	217	163	145	413	78	102	570	340	360	150	230	160	290	140
Cash And Cash Equivalents Changes	0	0	0	9,362	2,447	-192,367	-179,417	148,459	13,547	7,859	-191,932	297,716	-55,251	-1,747	-59,503	207,488	-13,684	12,380	-114,255	121,315	-21,975	23,598	-77,814	78,451	7,125	-6,121	-142,931	145,751	3,466	-8,543	-172,635	178,846	1,942	-1,473	-107,247	112,481	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	-120	-120	0	0	0	-1,964	0	0	0	-37	0	0	0	-153	0	0	0	387	0	0	0	0	0	0	0	0	0	0	0	74	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	10,090	8,962	-11,369	9,362	2,447	-192,367	-179,417	148,459	11,074	7,859	-191,932	297,716	-55,251	-1,747	-59,503	207,488	-13,684	12,380	-114,255	121,315	-21,975	23,598	-77,814	78,451	7,125	-6,121	-142,931	145,751	3,466	-8,543	-172,635	178,846	1,942	-1,473	-107,247	112,481	5,730	-25,765	-69,822	85,832	-16,210	-12,011	-28,388	44,361	7,270	-15,328	-32,742	34,804	-33,622	43,485	-51,579	14,813	10,925	13,601	11,110	16,452	-8,350	-25,072	-8,772	42,487	-4,315	4,659	525	-1,565	12,663	-2,883	2,056	-2,351	-1,802	-1,136	3,092	-2,555	1,497	-5,564	-114	-1,219	5,546	-948	-20	-900	-3,646	-1,288	3,995	-875	1,506	1,845	7,768	-6,549	-2,616	6,447	-5,972	5,633	187	-624	-1,779	3,352	-820	-450	1,510	-2,090	-2,820	2,470	1,980	-2,880
Change In Working Capital	-1,154,820	-279,079	67,612	-434,501	-18,307	18,307	1,578,449	9,114	-2,034,939	-1,545	-8,784	-234,608	301,561	-52,386	8,465	249,921	242,965	217,976	10,107	-205,212	136,344	21,178	384,530	-48,728	70,802	28,284	35,052	-113,792	164,474	9,536	11,372	-145,813	186,558	3,423	-5,197	-87,527	183,638	34,372	-5,626	-59,025	83,265	20,357	4,686	-24,628	35,736	21,930	64,095	-73,927	13,971	-24,241	53,451	-37,288	4,233	-11,504	8,525	16,251	10,092	-6,066	-20,091	-20,427	44,444	-6,087	-20,835	-9,310	7,641	243,233	-1,497	22,627	11,049	9,469	-4,916	27,423	-16,489	-10,678	-11,905	-6,052	10,670	76,225	-2,360	39,315	-4,501	-16,786	17,163	-2,596	16,197	398,696	1,382	5,331	5,336	-2,128	1,305	767	4,812	3,976	-448	-1,219	484,641	8,900	-9,800	-1,300	3,500	-100	-3,700	-2,100
Change Receivables	0	0	0	-2,049	-2,049	0	0	0	2,036	0	0	0	-2,328	0	0	0	-370	0	0	0	-1,285	0	0	0	-634	0	0	0	48	0	0	0	144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	-2,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	48	0	0	0	144	0	0	0	29	0	0	0	0	0	0	0	78	0	0	0	595	0	0	0	1,043	0	0	0	0	0	0	0	1,378	0	0	0	0	0	0	0	0	0	0	0	131	0	0	0	968	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,816	0	0	0	2,180	0	0	0	892	0	0	0	0	0	0	0	1,896	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20	0	0	0	0	0	0	0	0	0	0	0	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	0	-19,934	-19,934	0	0	0	-41	0	0	0	-2,277	0	0	0	1,341	0	0	0	1,810	0	0	0	1,347	0	0	0	-1,611	0	0	0	-1,009	0	0	0	11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	7,592	3,359	3,359	-32,955	30,501	-151	6,680	3,581	-6,453	4,810	-469	5,103	-21,417	16,866	361	-6,392	-1,975	2,492	1,688	17,236	-4,659	-717	819	-553	-4,853	3,889	-1,112	0	0	0	-40	0	0	0	156	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	-19,934	-19,934	0	0	-41	-41	-41	-41	847	847	847	847	1,341	1,341	1,341	1,341	1,810	1,810	1,810	1,810	1,347	1,347	1,347	1,347	-1,611	0	0	0	-1,009	0	0	0	3,186	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,387	1,351	1,704	4,500	406	456	217	217	-6,496	1,076	223	0	0	926	949	855	4,469	837	778	744	3,218	361	356	341	3,415	0	0	0	3,167	0	0	0	3,159	0	0	0	1,976	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	306	458	1,230	0	330	310	520	230	330	280
Dividends Paid	2,511	2,520	2,367	2,201	2,202	2,158	2,043	2,090	2,104	2,140	1,885	1,907	1,753	1,766	1,764	1,835	1,859	1,884	1,883	1,568	1,551	1,163	1,018	1,017	1,021	918	918	825	839	849	783	783	783	784	783	789	792	791	792	963	598	598	598	521	521	521	521	521	521	290	289	290	290	289	290	290	445	367	829	1,227	1,156	1,542	2,158	2,158	1,455	1,456	1,578	1,584	1,531	1,533	1,532	1,624	1,624	1,625	1,624	1,628	1,569	1,357	1,359	1,359	2,616	1,310	1,309	1,308	3,070	5,370	2,832	775	2,858	735	735	735	2,983	698	700	707	2,810	690	680	680	2,810	640	270	740
End Period Cash Flow	60,406	50,316	41,354	52,723	43,361	40,914	233,281	412,698	264,239	253,165	245,306	437,238	139,522	194,773	196,520	256,023	48,535	62,219	49,839	164,094	42,779	64,754	41,156	118,970	40,519	33,394	39,515	182,446	36,695	33,229	41,772	214,407	35,561	33,619	35,092	142,339	29,858	24,128	49,893	119,715	33,883	50,093	62,104	90,492	46,131	38,861	54,189	86,931	52,127	85,749	42,264	93,843	79,030	68,105	54,504	43,394	26,942	35,292	60,364	69,136	26,649	30,964	26,305	25,780	27,345	14,682	17,565	15,509	17,860	19,662	20,798	17,706	20,261	18,764	24,328	24,442	25,661	20,115	21,063	21,083	21,983	25,629	26,917	22,922	23,797	22,291	20,446	12,678	19,227	21,843	15,396	21,368	15,735	15,548	16,172	17,950	-820	-450	1,510	-2,090	-2,820	2,470	1,980	-2,880
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-8,026	20,663	19,217	18,549	-5,538	-20,743	35,980	8,976	6,228	13,827	2,529	16,250	6,714	13,326	-15,224	25,419	15,532	1,075	7,029	12,689	-479	13,932	-1,476	6,508	8,738	3,378	-907	8,595	5,246	2,527	-10,007	17,506	-368	846	-120	12,716	3,615	3,023	2,048	5,715	4,858	-1,170	4,890	2,607	4,217	3,141	4,639	3,991	2,726	4,824	1,401	5,650	5,841	522	7,765	3,758	-4,413	7,394	435	3,354	6,953	6,570	3,766	1,454	-2,684	3,023	38	2,155	2,982	2,774	1,435	1,804	3,845	1,477	-410	2,336	2,184	-468	3,230	458	-551	2,024	568	3,811	696	5,764	-2,894	2,820	596	1,993	501	857	-3,837	7,785	1,198	152	1,920	0	-440	4,440	-150	3,030	290	-680
Investments	-94,958	-131,316	-46,875	-11,325	-13,795	2,954	3,623	-31,925	-120,686	-24,784	-96,917	123	259	-13,726	-287,076	-37,958	-67,084	-42,137	-29,104	-8,771	-75,219	-81,792	-24,064	3,408	-25,998	-40,846	-31,939	-46,608	-10,343	-21,428	-18,636	-7,182	-202	-2,125	-18,750	5,889	5,464	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-80,715	-11,307	-40,783	-87,307	-6,452	-1,564	75,550	-1,585	-54,597	599	-180,594	2,205	184,604	4,025	73,586	-466	43,584	-229	3,684	4,285	-3,222	-14,303	6,607	2,418	-10,944	-7,751	7,212	3,988	-6,547	-768	4,153	3,427	-4,028	-5,125	29,034	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	9,292	10,387	10,034	12,888	32,080	30,439	3	8,466	10,982	9,642	9,164	10,758	10,173	7,682	6,504	7,833	7,840	7,708	8,661	9,669	7,569	-3,433	3,014	6,989	3,980	3,660	3,596	4,635	3,631	3,680	5,181	4,725	3,199	3,253	3,122	3,171	2,271	2,306	2,240	2,712	1,043	1,566	1,657	1,913	1,966	1,384	936	1,293	1,489	1,193	523	753	348	-1,393	-259	36	28	499	370	759	-41,626	1,231	105	1,312	2,188	1,468	1,970	1,259	1,611	1,286	1,738	1,525	2,006	1,566	1,471	1,616	907	1,342	1,401	1,163	707	1,307	1,703	1,850	1,735	2,072	1,901	1,419	1,448	1,504	1,160	1,181	1,887	1,236	1,264	1,305	1,860	1,150	1,190	1,860	2,320	1,180	1,010	1,260
Other Cashflows From Financing Activities	189,286	121,329	20,415	32,320	276,541	18,111	-166,087	196,872	57,485	30,189	-127,512	287,108	-59,965	1,713	244,926	232,700	45,129	55,326	-90,297	119,179	54,322	-51,176	-51,521	79,545	25,391	32,265	-109,209	154,099	7,661	10,834	-141,520	173,279	-773	480	-87,738	98,704	28,769	22,445	-65,752	100,241	22,392	5,642	-28,266	36,284	13,846	21,834	-25,522	18,611	-31,101	52,603	-29,133	37,301	-8,732	15,662	8,254	23,643	7,983	5,437	-17,909	98,809	-5,932	1,463	-16,224	15,134	30,018	4	27,884	3,062	19,541	-6,406	33,201	-20,996	-243	-11,645	-3,980	-30,108	-9,942	-865	1,292	-1,123	3,352	703	-4,396	3,395	-7,328	15,832	24,298	-2,305	-13,454	8,634	-6,230	8,993	9,360	4,178	-11,831	17,430	-10,640	6,930	-3,320	-20,290	11,390	7,290	4,280	-2,310
Other Cashflows From Investing Activities	0	0	0	-26,065	-185,513	-115,557	-44,834	-18,809	72,591	1,754	1,785	118	0	12	-10	257	2	-80,226	-38,089	-214	952	143,797	265	7	15	72	50	161	1,741	373	-1,689	-3,974	4,068	110	144	961	349	191	95	72	699	635	370	197	1,349	1,048	801	279	0	0	0	0	1,149	903	435	258	1,461	769	441	53	733	358	175	22	1,632	362	335	114	0	0	0	83	797	685	566	178	422	329	127	76	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-14,765	9,540	8,637	6,906	-16,417	-69,409	38,142	431	-4,516	6,202	3,203	240,263	-304,828	58,415	-28,933	-232,200	-233,801	-223,531	-11,304	208,448	-143,444	-3,581	-388,833	48,352	-65,784	-28,346	-39,424	118,156	-161,714	-9,764	-26,319	158,720	-189,059	-5,624	2,397	97,357	-182,066	-33,625	5,479	62,210	-78,626	-23,065	-1,184	25,482	-33,282	-20,070	-59,972	76,804	-7,592	28,121	-51,977	42,442	1,405	13,949	-225	-12,287	-14,499	13,012	20,411	23,217	4,703	11,426	24,646	9,803	-12,037	-241,454	-173	-21,625	-9,522	-7,870	4,613	-27,144	18,412	10,657	11,044	6,940	-9,343	-77,835	4,381	-39,849	4,501	18,667	-17,827	4,923	-16,936	-394,855	-5,989	-3,827	-6,159	2,841	-1,747	-928	-10,391	2,986	153	-290	-484,841	-9,710	8,200	3,720	-6,990	1,880	2,940	20
Sale Purchase Of Stock	-10	-1,497	0	-121	-153	-6,113	-6,056	-4,565	-1,752	-9,202	-7,379	-3,976	-698	-1,306	-355	-11,095	-404	-3,909	0	0	0	0	0	0	32,821	-4	-8	32,829	0	0	0	0	0	0	0	0	0	0	0	-22,857	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-23,184	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	-1,660	-1,200	-10	-10	0	0	0	0
Stock Based Compensation	0	191	191	230	819	153	152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9	0	0	0	0	19	0	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 Cash From Financing Activities	102,943	118,809	16,176	28,203	207,293	-59,021	-174,186	190,217	53,629	18,847	-136,776	281,225	-62,416	-1,359	242,807	219,770	37,866	53,442	-92,180	117,611	52,771	-52,339	-52,539	68,528	24,370	31,347	-110,135	183,603	6,822	9,985	-142,303	172,496	-1,556	-304	-88,521	92,915	27,977	-8,346	-66,761	76,412	21,785	2,535	-28,873	35,755	13,316	11,305	-26,052	18,082	-33,638	51,972	-29,681	13,887	-10,269	386	7,358	2,276	6,453	-2,044	-18,947	65,052	-8,039	-9,566	-18,382	12,976	27,233	-1,490	21,269	1,441	3,974	-8,963	16,632	-22,656	-2,802	-14,355	-5,688	-31,818	-11,511	-2,222	-67	-2,482	-6,736	-4,079	-6,895	-1,723	-10,398	8,585	21,311	-3,233	-16,312	7,899	-6,965	8,113	6,376	3,480	-14,451	14,527	-15,110	5,040	-4,010	-20,980	8,580	6,650	4,010	-3,050
Total Cash From Operating Activities	239	21,469	19,330	19,794	-2,238	-20,207	38,514	9,114	6,466	14,299	3,583	16,413	6,906	13,711	-13,964	25,554	17,004	2,153	7,464	12,905	469	14,164	-1,289	6,613	8,998	3,598	-776	8,999	6,391	3,452	-9,766	17,632	698	1,052	322	13,001	3,843	3,053	2,093	5,897	5,682	-1,142	5,159	2,767	4,420	3,244	5,059	4,170	7,868	5,073	1,997	5,907	5,986	1,052	8,041	4,000	-4,379	7,445	690	3,549	7,521	6,570	3,916	1,805	-2,208	3,247	300	2,261	3,138	2,885	1,435	1,804	3,929	1,554	610	2,504	2,234	-268	3,441	629	707	3,188	1,039	4,177	996	5,913	-2,706	2,923	625	2,217	718	1,020	-3,692	8,198	1,275	255	2,490	340	-80	4,590	80	3,190	580	-540
Total Cashflows From Investing Activities	0	0	-46,875	-38,635	-202,608	-113,139	-43,745	-50,872	-46,548	-25,287	-58,739	78	259	-14,099	-288,346	-37,836	-68,554	-43,215	-29,539	-9,201	-75,215	61,773	-23,986	3,310	-26,243	-41,066	-32,020	-46,851	-9,747	-21,980	-20,566	-11,282	2,800	-2,221	-19,048	6,565	-48,496	-22,406	-1,631	3,523	-55,916	-12,239	1,165	5,839	-39,540	0	803	12,552	0	0	0	0	33,258	18,050	5,887	10,176	0	0	0	0	2,503	6,300	0	0	0	0	0	0	0	8,264	3,322	18,297	40,666	40,296	33,059	28,095	13,924	0	0	953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31
Cost Of Revenue	0	0	0	0	0	1,069	4,092	2,008	4,509	5,604	6,007	12,584	17,300	28,404	28,241	29,987	21,391	16,743	12,714	9,968	10,361	12,902	17,256	16,563	0	0	0	0
Depreciation And Amortization	12,339	1,296	890	913	945	366	586	699	711	1,945	2,355	2,467	2,713	2,808	3,100	3,155	1,260	1,550	1,741	781	2,115	2,662	1,634	1,304	1,916	925	1,139	853
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-12,345	62,540	47,563	37,132	39,561	25,864	27,573	28,401	22,028	16,794	12,459	13,488	12,305	7,365	16,336	-15,829	30,269	24,441	21,224	14,900	16,122	21,767	22,729	23,580	23,558	25,389	14,536	14,761
Ebitda	-6	63,836	48,453	38,045	40,506	26,230	28,159	29,100	22,739	18,739	14,814	15,955	15,018	10,173	19,436	-12,674	31,529	25,991	22,965	15,681	18,237	24,429	24,363	24,884	25,474	26,314	15,676	15,614
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-511	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	219,897	137,032	124,563	116,041	107,543	83,169	70,836	66,391	61,670	55,740	52,036	51,148	51,803	51,517	50,406	50,143	37,081	36,931	38,685	31,874	32,574	31,114	26,012	24,097	23,466	6,588	4,447	3,779
Income Before Tax	50,613	47,035	47,563	37,132	39,561	16,779	22,232	23,836	17,526	12,690	7,552	7,304	4,805	-3,099	1,418	-37,609	9,898	8,826	9,633	6,737	7,705	10,043	7,276	7,824	8,428	8,094	4,727	5,510
Income Tax Expense	7,649	7,608	7,017	4,940	5,683	2,640	6,360	6,619	4,781	3,162	1,373	1,725	847	-1,831	-237	1,369	3,013	2,666	2,974	1,924	2,138	2,916	1,983	2,132	2,366	2,333	1,292	1,545
Interest Expense	19,408	11,049	6,317	10,138	12,954	7,570	4,092	3,308	3,309	4,104	4,907	6,184	7,500	10,464	14,918	21,780	20,371	15,615	11,591	8,163	8,417	11,724	15,453	15,756	15,130	17,295	9,810	9,251
Interest Income	168,650	121,253	101,742	99,865	98,054	73,677	58,594	53,567	50,701	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	42,964	39,427	40,546	32,192	33,878	14,139	15,872	17,217	12,745	9,528	6,179	5,579	3,958	-1,268	1,655	-38,978	6,885	6,160	6,659	4,813	5,567	7,127	5,293	5,692	6,062	5,761	3,434	3,965
Net Income Applicable To Common Shares	0	39,427	40,546	32,192	33,231	13,180	14,628	15,716	11,168	7,655	5,020	4,361	2,782	0	715	0	6,885	6,160	6,659	4,813	5,567	7,127	5,293	5,692	0	0	0	0
Net Income From Continuing Ops	45,457	39,427	40,546	32,192	33,878	14,139	15,872	17,217	12,745	9,528	6,179	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	128,009	110,204	95,425	89,727	85,100	66,107	54,502	50,259	47,392	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-1,585	62,540	47,563	37,132	39,561	24,349	27,573	28,401	22,028	16,794	12,459	13,488	12,305	7,365	16,336	-15,829	30,269	24,441	21,224	14,900	16,122	21,767	22,729	23,580	23,558	25,389	14,536	14,761
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	169,284	74,492	77,000	78,909	67,982	58,820	43,263	37,990	39,642	38,946	39,577	37,660	39,498	22,148	34,070	65,972	6,812	12,490	17,461	16,974	16,452	9,347	3,283	517	92	18,801	10,090	10,983
Preferred Stock And Other Adjustments	0	0	0	0	647	959	1,244	1,501	1,577	1,873	1,159	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,601	1,296	890	3,166	3,185	1,881	1,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	1,352	1,513	1,103	1,074	1,411	1,182	817	929	1,039	1,159	634	625	640	630	0	0	0	0	448	391	466	0	0	0	0	0	0	0
Selling General Administrative	59,928	51,061	49,170	46,193	40,987	44,439	31,091	26,869	25,451	24,758	26,840	22,296	22,831	20,943	20,600	17,173	13,615	14,346	14,570	12,261	11,572	9,253	7,763	7,110	6,908	7,167	5,917	5,246
Tax Provision	8,496	7,608	7,017	4,940	5,683	2,640	6,360	6,619	4,781	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	30,814	-74,492	-77,000	-78,909	-67,982	-58,820	-43,263	-37,990	-39,642	-38,946	-39,577	-37,660	-39,498	22,148	-34,070	-65,972	-6,812	-12,490	-17,461	-16,974	-16,452	-9,347	-3,283	-517	92	18,801	10,090	10,983
Total Other Income Expense Net	50,613	-15,505	48,381	37,132	39,561	-7,570	-5,341	-4,565	-4,502	-4,104	-4,907	-6,184	-7,500	-10,464	-14,918	-21,780	-20,371	-15,615	-11,591	-8,163	-8,417	-11,724	-15,453	-15,756	-15,130	-17,295	-9,810	-9,251
Total Revenue	219,897	137,032	124,563	116,041	107,543	84,238	70,836	66,391	61,670	55,740	52,036	51,148	51,803	51,517	50,406	50,143	37,081	36,931	38,685	31,874	32,574	31,114	26,012	24,097	23,466	6,588	4,447	3,779

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31
Cost Of Revenue	0	3,388	3,206	3,198	0	2,828	2,450	2,172	0	2,677	5,781	2,282	0	2,197	2,652	2,266	0	2,719	2,747	2,477	0	2,498	2,102	1,758	1,276	1,846	2,100	1,463	849	1,769	1,805	1,739	815	1,744	1,832	1,733	872	1,924	1,725	1,844	1,153	1,922	1,819	1,985	2,233	1,166	2,023	1,764	3,839	1,682	1,670	2,138	5,736	1,516	1,743	1,834	8,224	1,822	1,711	2,010	6,500	2,055	2,323	1,853	5,319	1,355	1,415	1,501	4,781	1,075	1,114	1,329	3,365	934	1,132	1,012	2,931	1,265	1,374	2,303	2,849	2,522	2,441	2,549	3,254	3,254	3,415	2,979	4,310	4,003	4,349	4,594	4,606	4,322	3,920	3,715	3,690	3,710	3,760	3,970	4,290	4,390	4,330	4,280
Depreciation And Amortization	384	398	399	398	406	456	217	217	222	223	223	223	227	227	228	231	235	235	235	240	281	26	26	33	104	158	158	167	172	172	172	183	189	189	192	142	165	201	201	202	210	212	212	212	232	232	232	278	290	291	291	290	304	305	305	305	321	322	322	322	0	0	0	0	0	0	0	0	0	0	0	0	0	-4,403	-4,451	-3,997	0	-2,788	-2,665	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	306	458	1,230	3,710	330	310	520	230	330	280
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-362	12,247	11,714	24,354	20,001	15,412	10,920	11,751	14,373	12,756	12,056	14,695	14,169	11,367	9,838	11,896	12,134	12,571	13,391	14,419	11,764	-1,372	4,622	9,335	7,081	6,134	5,780	7,328	5,848	5,828	8,064	7,406	5,381	5,233	5,059	5,161	3,999	4,018	4,016	4,761	2,295	3,159	3,210	3,794	4,060	3,315	2,749	3,364	3,691	3,332	2,388	2,894	2,472	151	2,014	2,729	2,860	4,063	4,169	5,245	-40,948	1,626	-46	1,758	3,277	2,082	2,781	1,757	2,273	1,838	2,524	2,191	2,931	9,682	9,373	8,956	1,239	6,644	6,439	1,607	879	1,817	2,391	2,618	2,433	3,055	2,587	1,968	1,949	2,035	1,651	1,641	2,651	1,658	5,510	5,425	6,300	1,620	5,370	6,560	7,610	6,020	5,730	6,040
Ebitda	22	12,645	12,113	24,752	20,407	15,868	11,137	11,968	14,595	12,979	12,279	14,918	14,396	11,594	10,066	12,127	12,369	12,806	13,626	14,659	12,045	-1,346	4,648	9,368	7,185	6,292	5,938	7,495	6,020	6,000	8,236	7,589	5,570	5,422	5,251	5,303	4,164	4,219	4,217	4,963	2,505	3,371	3,422	4,006	4,292	3,547	2,981	3,642	3,981	3,623	2,679	3,184	2,776	456	2,319	3,034	3,181	4,385	4,491	5,567	-36,142	6,562	5,368	8,382	8,730	7,413	7,637	6,488	6,655	6,003	6,221	5,562	6,064	5,279	4,922	4,959	3,795	3,856	3,774	3,475	2,774	3,819	4,577	4,952	5,133	6,071	5,821	4,742	5,112	5,903	5,775	5,939	6,949	5,696	5,817	5,883	7,530	5,330	5,700	6,870	8,130	6,250	6,060	6,320
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	57,422	35,622	36,667	39,891	42,040	32,741	26,911	27,890	29,663	27,588	26,429	30,143	30,645	26,057	25,946	26,278	26,849	23,128	24,099	25,526	25,583	16,614	17,054	18,630	18,193	15,299	15,368	16,567	15,701	14,410	15,210	15,756	15,307	13,734	13,736	13,584	13,609	11,772	11,921	12,945	13,229	11,072	10,632	11,063	12,196	11,489	10,975	11,647	12,981	11,421	11,009	10,902	13,158	11,454	11,118	10,658	13,553	10,510	10,554	10,244	12,261	10,908	10,382	10,361	9,893	7,688	7,894	7,335	9,320	7,669	8,386	8,039	9,597	8,574	8,474	8,962	8,582	6,664	6,442	7,547	7,945	7,948	8,281	8,400	8,349	8,450	7,971	6,344	7,340	6,478	6,155	6,038	6,984	5,966	5,604	5,544	2,840	1,750	1,490	2,270	3,230	890	810	910
Income Before Tax	11,237	12,247	11,714	15,416	14,576	13,318	9,124	10,017	12,961	11,405	10,399	12,798	11,979	8,815	7,329	9,009	8,836	8,966	10,207	11,554	8,802	-3,434	3,228	8,183	5,806	4,978	4,919	6,528	4,999	4,984	7,265	6,588	4,566	4,412	4,235	4,314	3,127	3,035	2,917	3,611	1,142	1,949	1,966	2,495	2,662	1,814	1,138	1,691	1,952	1,504	496	852	236	-2,396	-694	-244	-257	480	290	906	-40,948	1,626	-46	1,758	3,277	2,082	2,781	1,757	2,273	1,838	2,524	2,191	2,931	2,267	2,103	2,332	1,239	1,905	1,986	1,607	879	1,817	2,391	2,618	2,433	3,055	2,587	1,968	1,949	2,035	1,651	1,641	2,651	1,658	1,711	1,805	2,610	1,620	1,610	2,590	3,310	1,630	1,390	1,760
Income Tax Expense	1,582	1,860	1,680	2,528	2,428	2,206	1,423	1,551	1,979	1,763	1,235	2,040	1,806	1,133	825	1,176	995	1,258	1,546	1,885	1,233	-1	214	1,194	1,826	1,318	1,323	1,893	1,368	1,304	2,084	1,863	1,367	1,159	1,113	1,143	857	729	677	899	99	383	309	582	696	430	202	398	463	311	-27	99	-112	-1,003	-435	-280	-285	-19	-80	147	678	396	-151	446	1,089	615	811	498	662	552	786	666	925	701	632	716	332	563	585	444	172	510	688	768	698	983	686	549	501	531	491	460	764	422	447	499	750	470	420	730	1,000	450	390	500
Interest Expense	5,142	14,282	11,996	8,938	5,425	2,094	1,796	1,734	1,412	1,351	1,657	1,897	2,190	2,552	2,509	2,887	3,299	3,605	3,184	2,865	2,962	2,062	1,394	1,152	1,276	1,156	861	800	849	844	799	818	815	821	824	847	872	983	1,099	1,150	1,153	1,210	1,244	1,299	1,398	1,501	1,611	1,673	1,739	1,828	1,892	2,042	2,236	2,547	2,708	2,973	3,117	3,583	3,879	4,339	4,806	4,936	5,414	6,624	5,453	5,331	4,856	4,731	4,382	4,165	3,697	3,371	3,133	3,012	2,819	2,627	2,556	1,951	1,788	1,868	1,895	2,002	2,186	2,334	2,700	3,016	3,234	2,774	3,163	3,868	4,124	4,298	4,298	4,038	3,800	3,620	3,690	3,710	3,760	3,970	4,290	4,390	4,330	4,280
Interest Income	52,074	45,786	43,335	41,539	37,990	32,533	26,064	24,666	24,735	25,784	25,498	25,725	25,721	24,558	24,584	25,002	24,521	24,023	24,926	24,584	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	9,655	10,387	10,034	12,888	12,148	11,060	7,662	8,434	10,982	9,642	9,164	10,758	10,173	7,682	6,504	7,833	7,841	7,708	8,661	9,669	7,569	-3,433	3,014	6,989	3,980	3,660	3,596	4,635	3,631	3,680	5,181	4,725	3,199	3,253	3,122	3,171	2,270	2,306	2,240	2,712	1,043	1,566	1,657	1,913	1,966	1,384	936	1,293	1,489	1,193	523	753	348	-1,393	-259	36	28	499	370	759	-41,626	1,230	105	1,312	2,188	1,467	1,970	1,259	1,611	1,286	1,738	1,525	2,006	1,566	1,471	1,616	907	1,342	1,401	1,163	707	1,307	1,703	1,850	1,735	2,072	1,901	1,419	1,448	1,504	1,160	1,181	1,887	1,236	1,264	1,305	1,860	1,150	1,190	1,860	2,320	1,180	1,010	1,260
Net Income Applicable To Common Shares	0	0	9,660	12,148	12,148	11,060	7,701	8,466	10,931	9,642	9,164	10,758	10,173	7,682	6,504	7,833	7,683	7,546	8,497	9,505	7,404	-3,625	2,715	6,686	3,672	3,352	3,288	4,316	3,286	3,306	4,790	4,334	2,808	2,862	2,731	2,767	1,865	1,900	1,834	2,057	753	1,277	1,367	1,623	1,651	1,069	642	999	1,194	900	230	459	39	0	0	0	506	209	80	688	-1,231	1,231	105	1,312	2,188	1,468	1,970	1,259	1,611	1,286	1,738	1,525	2,006	1,566	1,471	1,616	907	1,342	1,401	1,163	707	1,307	1,703	1,850	1,735	2,072	1,901	1,419	1,448	1,504	1,160	1,181	1,887	1,236	1,264	1,305	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	9,655	10,387	10,034	12,148	12,148	11,112	7,701	8,466	10,982	9,642	9,164	10,758	10,173	7,682	6,504	7,833	7,840	7,708	8,661	9,669	7,569	-3,433	3,014	6,989	3,981	3,660	3,596	4,635	3,631	3,680	5,181	4,725	3,199	3,253	3,122	3,171	9,528	0	2,240	0	0	0	0	0	0	0	0	0	0	1,193	523	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	30,052	31,504	31,339	32,601	32,565	30,439	24,268	22,932	23,323	24,433	23,841	23,828	23,531	22,006	22,075	22,115	21,222	20,418	21,742	21,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-362	12,247	11,714	24,354	20,001	15,412	10,920	11,751	14,373	22,748	19,374	23,144	14,169	22,000	21,593	22,380	12,134	20,900	21,812	21,767	11,764	15,038	13,738	13,848	7,081	12,750	11,852	11,977	5,848	11,352	11,659	11,027	5,381	11,181	10,600	9,850	3,999	9,443	9,340	9,171	2,295	9,013	9,014	9,109	4,060	10,170	9,542	10,159	3,691	10,428	10,184	2,894	2,472	11,293	11,218	2,729	2,860	4,063	4,169	5,245	-36,142	6,562	5,368	8,382	8,730	7,413	7,637	6,488	6,655	6,003	6,221	5,562	6,064	9,682	9,373	8,956	3,795	6,644	6,439	3,475	2,774	3,819	4,577	4,952	5,133	6,071	5,821	4,742	5,112	5,903	5,775	5,939	6,949	5,696	5,510	5,425	2,610	1,620	1,610	2,590	3,310	1,630	1,390	1,760
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	46,185	26,763	28,159	3,703	2,828	2,828	380	18,311	15,290	3,036	6,124	2,581	16,476	2,558	2,991	2,622	14,715	3,123	3,114	2,817	13,819	2,848	2,422	2,076	11,112	2,086	2,376	1,715	9,853	2,018	2,080	2,026	9,926	2,042	2,140	1,912	9,610	2,224	2,025	2,144	10,934	2,114	2,011	2,178	8,136	1,359	2,215	1,959	9,290	1,839	1,861	2,138	10,686	1,704	1,931	1,834	10,693	1,822	1,711	2,010	48,403	2,055	2,323	1,853	1,163	1,355	1,415	1,501	2,665	1,075	1,114	1,329	3,533	1,070	1,252	1,129	4,787	1,363	1,471	4,072	5,171	4,129	3,704	3,448	3,216	2,379	2,150	1,602	2,228	575	380	99	35	270	93	119	11,310	11,260	11,150	11,590	12,780	12,430	12,420	11,990
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	157	162	164	164	165	192	299	303	309	308	308	319	345	374	391	391	391	391	391	404	0	0	406	0	0	0	0	0	0	0	0	0	0	293	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	384	398	399	398	406	456	217	217	222	223	223	223	227	227	228	231	235	235	235	240	281	26	26	33	103	158	158	167	172	172	172	183	189	189	192	142	165	201	201	202	210	212	212	212	232	232	232	278	290	291	291	290	304	305	305	305	321	322	322	322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	306	458	1,230	0	330	310	520	230	330	280
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	190	497	540	505	444	372	380	317	103	359	343	299	18	361	339	356	300	404	367	340	194	350	320	318	49	240	276	252	119	249	275	287	197	298	308	179	258	300	300	300	57	192	192	193	44	193	192	195	100	157	191	67	67	188	188	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	75	75	136	120	117	97	98	97	99	466	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,690	3,710	3,760	3,970	4,290	4,390	4,330	4,280
Selling General Administrative	14,576	14,054	14,978	15,105	14,407	14,272	13,170	13,551	11,358	12,638	12,441	12,733	11,440	11,516	11,479	11,321	10,627	10,142	9,995	10,224	10,572	15,204	10,124	7,722	8,233	7,746	7,607	7,506	6,669	6,772	6,749	6,679	6,327	6,424	6,354	6,584	6,317	6,238	5,835	6,248	8,432	6,251	6,130	6,028	4,869	5,786	6,065	5,576	6,208	5,738	5,623	5,263	5,578	5,362	4,914	5,088	5,646	4,548	5,415	4,990	3,882	4,545	4,408	4,338	3,629	3,170	3,226	3,591	3,555	3,675	3,696	3,420	3,401	3,749	3,693	3,727	4,337	2,719	2,467	2,738	3,656	2,685	2,661	2,570	2,516	2,309	2,428	2,000	1,941	1,904	1,970	1,948	1,960	1,795	1,732	1,647	3,930	3,840	3,630	3,650	4,200	3,650	3,760	3,430
Tax Provision	1,581	1,860	1,680	2,528	2,428	2,206	1,423	1,551	1,979	1,763	1,235	2,040	1,806	1,133	825	1,176	995	1,258	1,546	1,885	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,989	-26,763	-28,159	505	-2,828	2,828	380	-18,311	-15,290	359	343	299	-16,476	361	339	356	-14,715	404	367	340	-13,819	350	320	318	-11,112	240	276	252	-9,853	249	275	287	-9,926	298	308	179	-9,610	300	300	300	-10,934	192	192	193	-8,136	193	192	195	-9,290	157	191	-8,008	-10,686	188	188	-7,929	-10,693	-6,447	-6,385	-4,999	-48,403	-4,346	-5,014	-1,979	-1,163	-275	-257	-847	-2,665	-1,666	-2,165	-2,477	-3,533	136	120	117	-4,787	98	97	-4,072	-5,171	-4,129	-3,704	-3,448	-3,216	-2,379	-2,150	-1,602	-2,228	-575	-380	-99	-35	-270	-93	-119	7,620	7,550	7,390	7,620	8,490	8,040	8,090	7,710
Total Other Income Expense Net	11,237	-29,654	-27,875	-8,938	-5,425	-2,094	-1,796	-1,734	-1,412	-11,343	-8,975	-10,346	-2,190	-13,185	-14,264	-13,371	-3,298	-11,934	-11,605	-10,213	-2,962	-18,472	-10,510	-5,665	-1,275	-7,772	-6,933	-5,449	-849	-6,368	-4,394	-4,439	-815	-6,769	-6,365	-5,536	-872	-6,408	-6,423	-5,560	-1,153	-7,064	-7,048	-6,614	-1,398	-8,356	-8,404	-8,468	-1,739	-8,924	-9,688	-2,042	-2,236	-13,689	-11,912	-2,973	-3,117	-3,583	-3,879	-4,339	-4,806	-4,936	-5,414	-6,624	-5,453	-5,331	-4,856	-4,731	-4,382	-4,165	-3,697	-3,371	-3,133	-7,415	-7,270	-6,624	-2,556	-4,739	-4,453	-1,868	-1,895	-2,002	-2,186	-2,334	-2,700	-3,016	-3,234	-2,774	-3,163	-3,868	-4,124	-4,298	-4,298	-4,038	-3,800	-3,620	0	0	0	0	0	0	0	0
Total Revenue	57,422	39,010	39,873	43,089	42,040	35,569	29,361	30,062	29,663	30,265	32,210	32,425	30,645	28,254	28,598	28,544	26,849	25,847	26,846	28,003	25,583	19,112	19,156	20,388	18,193	17,145	17,468	18,030	15,701	16,179	17,015	17,495	15,307	15,478	15,568	15,317	13,609	13,696	13,646	14,789	13,229	12,994	12,451	13,048	12,196	12,655	12,998	13,411	12,981	13,103	12,679	13,040	13,158	12,970	12,861	12,492	13,553	12,332	12,265	12,254	12,261	12,963	12,705	12,214	9,893	9,043	9,309	8,836	9,320	8,744	9,500	9,368	9,597	9,508	9,606	9,974	8,582	7,929	7,816	7,547	7,945	7,948	8,281	8,400	8,349	8,450	7,971	6,344	7,340	6,478	6,155	6,038	6,984	5,966	5,604	5,544	6,530	5,460	5,250	6,240	7,520	5,280	5,140	5,190

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

Gross Profit (+$)
totalRevenue	219,897
Cost of Revenue	-0
Gross Profit	219,897	219,897

Operating Income (+$)
Gross Profit	219,897
Operating Expense	-30,814
Operating Income	-1,585	189,083

Operating Expense (+$)
Research Development	0
Selling General Administrative	59,928
Selling And Marketing Expenses	1,352
Operating Expense	30,814	61,280

Net Interest Income (+$)
Interest Income	168,650
Interest Expense	-19,408
Other Finance Cost	-21,233
Net Interest Income	128,009

Pretax Income (+$)
Operating Income	-1,585
Net Interest Income	128,009
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	50,613	-52,198 EBIT - interestExpense = -31,753 50,613 62,372
Interest Expense	19,408
Earnings Before Interest and Taxes (EBIT)	-12,345	70,021
Earnings Before Interest and Taxes (EBITDA)	-6

After tax Income (+$)
Income Before Tax	50,613
Tax Provision	-8,496
Net Income From Continuing Ops	45,457	42,117
Net Income	42,964
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	169,284
Total Other Income/Expenses Net	50,613	-128,009

Technical Analysis of Civista Bancshares Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Civista Bancshares Inc. The general trend of Civista Bancshares Inc is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Civista Bancshares Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator State	Bullish trend		Bearish trend
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Civista Bancshares Inc.

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

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

The bullish price targets are: 14.52 < 15.40 < 15.49.

The bearish price targets are: 14.00 > 13.48.

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Civista Bancshares Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Civista Bancshares Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

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

Civista Bancshares Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

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

Civista Bancshares Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Civista Bancshares Inc.

Civista Bancshares Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Civista Bancshares Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Civista Bancshares Inc.

Civista Bancshares Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

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

Civista Bancshares Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

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

Civista Bancshares Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Civista Bancshares Inc.

Civista Bancshares Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Civista Bancshares Inc.

Civista Bancshares Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

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

Civista Bancshares Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

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

Civista Bancshares Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

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

Civista Bancshares Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Civista Bancshares Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-28	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
2023-11-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-01	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-08	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-09	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-11	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-25	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-05	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-13	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-06	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	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-13	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-14	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.
2024-03-15	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	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
2024-03-27	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
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-28	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the 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	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-11	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.

6.3. Candlestick Patterns

Civista Bancshares Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	14.330
Total			1/1 (100.0%)

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Quick analysis of Civista Bancshares Inc (30 sec.)

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

$14.31

$23.71

$-31.41 - $5.93

$-7.69 - $29.64

2. Growth of Civista Bancshares Inc (5 min.)

Is Civista Bancshares Inc growing?

How much money is Civista Bancshares Inc making?

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

3. Financial Health of Civista Bancshares Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of Civista Bancshares Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Civista Bancshares Inc

About Civista Bancshares Inc

Financial Health

Valuation

1.1. Profitability of Civista Bancshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Civista Bancshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Civista Bancshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Civista Bancshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Civista Bancshares Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Civista Bancshares Inc
Buy, Hold or Sell?