Diversified Healthcare Trust
Buy, Hold or Sell?

Let's analyse Diversified Healthcare Trust together

Penke I guess you are interested in Diversified Healthcare Trust. 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 Diversified Healthcare Trust. 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.

Get notifications about Diversified Healthcare Trust

I send you an email if I find something interesting about Diversified Healthcare Trust.

Quick analysis of Diversified Healthcare Trust (30 sec.)

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

How much money do you get?

$0.04

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$9.72

Expected worth in 1 year

$8.47

How sure are you?

52.5%

+ What do you gain per year?

Total Gains per Share

$-1.22

Return On Investment

-51.5%

For what price can you sell your share?

Current Price per Share

$2.36

Expected price per share

$2.0128 - $3.7864

How sure are you?

50%

1. Valuation of Diversified Healthcare Trust (5 min.)

Live pricePrice per Share (EOD)

$2.36

Book Value per Share

$9.72

Intrinsic Value Per Share

$-22.43 - $-7.88

Total Value Per Share

$-12.71 - $1.84

My calculation of the intrinsic value of Diversified Healthcare Trust 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: ($-0.08) 3Y: ($-0.10) TTM: ($-0.06)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.01) 3Y: ($-0.03) TTM: ($-0.05)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.72	$-0.39	$-0.96 - $-0.45
2	$-1.91	$-0.89	$-1.52 - $-0.57
3	$-3.51	$-1.49	$-2.07 - $-0.69
4	$-5.46	$-2.17	$-2.63 - $-0.81
5	$-7.73	$-2.94	$-3.18 - $-0.93
6	$-10.27	$-3.79	$-3.73 - $-1.05
7	$-13.04	$-4.72	$-4.29 - $-1.17
8	$-16.02	$-5.71	$-4.84 - $-1.29
9	$-19.15	$-6.77	$-5.40 - $-1.41
10	$-22.43	$-7.88	$-5.95 - $-1.53

2. Growth of Diversified Healthcare Trust (5 min.)

Is Diversified Healthcare Trust growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.3b	$2.7b	-$290.8m	-11.8%

How much money is Diversified Healthcare Trust making?

	Current year	Previous year	Grow	Grow %
Making money	-$73.2m	-$4.6m	-$68.6m	-93.7%
Net Profit Margin	-15.3%	-0.8%	-	-

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

Quarterly Yearly

3. Financial Health of Diversified Healthcare Trust (5 min.)

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

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

What can you expect buying and holding a share of Diversified Healthcare Trust?

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

Speculation

The Price per Share of Diversified Healthcare Trust is $2.36. 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 Diversified Healthcare Trust.
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 Diversified Healthcare Trust, 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 $9.72. Based on the TTM, the Book Value Change Per Share is $-0.31 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.02 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 $0.01 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Diversified Healthcare Trust.

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	-0.43	-18.1%	-0.31	-12.9%	-0.02	-0.7%	-0.08	-3.2%	0.05	2.2%
Usd Book Value Change Per Share	-0.44	-18.4%	-0.31	-13.3%	-0.02	-1.0%	-0.18	-7.4%	-0.05	-1.9%
Usd Dividend Per Share	0.01	0.4%	0.01	0.4%	0.01	0.4%	0.06	2.4%	0.21	9.0%
Usd Total Gains Per Share	-0.43	-18.0%	-0.30	-12.9%	-0.01	-0.6%	-0.12	-5.0%	0.17	7.1%
Usd Price Per Share	3.74	-	2.32	-	1.66	-	4.18	-	11.36	-
Price to Earnings Ratio	-2.19	-	-1.84	-	-0.38	-	-2.26	-	14.74	-
Price-to-Total Gains Ratio	-8.80	-	-7.41	-	-1.54	-	-11.83	-	31.89	-
Price to Book Ratio	0.38	-	0.23	-	0.14	-	0.36	-	0.87	-
Price-to-Total Gains Ratio	-8.80	-	-7.41	-	-1.54	-	-11.83	-	31.89	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	2.36
Number of shares	423

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.01	0.06
Usd Book Value Change Per Share	-0.31	-0.18
Usd Total Gains Per Share	-0.30	-0.12
Gains per Quarter (423 shares)	-128.49	-50.30
Gains per Year (423 shares)	-513.98	-201.19

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	17	-531	-524	95	-297	-211
2	34	-1062	-1038	191	-593	-412
3	51	-1593	-1552	286	-890	-613
4	68	-2123	-2066	382	-1187	-814
5	84	-2654	-2580	477	-1483	-1015
6	101	-3185	-3094	573	-1780	-1216
7	118	-3716	-3608	668	-2076	-1417
8	135	-4247	-4122	764	-2373	-1618
9	152	-4778	-4636	859	-2670	-1819
10	169	-5309	-5150	954	-2966	-2020

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	0.0	4.0	0.0	0.0%	2.0	10.0	0.0	16.7%	4.0	16.0	0.0	20.0%	23.0	17.0	0.0	57.5%	82.0	18.0	0.0	82.0%
Book Value Change Per Share	0.0	4.0	0.0	0.0%	2.0	10.0	0.0	16.7%	2.0	18.0	0.0	10.0%	7.0	33.0	0.0	17.5%	29.0	68.0	3.0	29.0%
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%	100.0	0.0	0.0	100.0%
Total Gains per Share	0.0	4.0	0.0	0.0%	2.0	10.0	0.0	16.7%	3.0	17.0	0.0	15.0%	21.0	19.0	0.0	52.5%	80.0	20.0	0.0	80.0%

Fundamentals of Diversified Healthcare Trust

About Diversified Healthcare Trust

https://www.dhcreit.com
0
Two Newton Place, Newton, MA, United States, 02458-1634
Google Maps Bing Maps

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of December 31, 2023, DHC's approximately $7.2 billion portfolio included 371 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 8.6 million square feet of life science and medical office properties and more than 27,000 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA.

Fundamental data was last updated by Penke on 2024-04-09 08:19:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Valuation

Valuation Details

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

1.1. Profitability of Diversified Healthcare Trust.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Diversified Healthcare Trust earns for each $1 of revenue.

Above 10% is considered healthy but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
A Net Profit Margin of -6.8% means that $-0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Diversified Healthcare Trust:

The MRQ is -6.8%. The company is making a loss. -1
The TTM is -15.3%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-6.8%	TTM	-15.3%	+8.5%
TTM	-15.3%	YOY	-0.8%	-14.5%
TTM	-15.3%	5Y	-4.0%	-11.3%
5Y	-4.0%	10Y	6.4%	-10.5%

Measures how much net profit Diversified Healthcare Trust earns for each $1 of revenue.

Revenue is the amount of profit Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
Can be used to compare companies within the REIT - Healthcare Facilities industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Diversified Healthcare Trust. If profit margins remain low (compared to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust is -0.07. This means that Diversified Healthcare Trust earned $-0.07 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust with other companies in the same industry (REIT - Healthcare Facilities).
Net profit margin should rise over the years.
Can be influenced when Diversified Healthcare Trust sells assets (profit will increase while costs remain the same).
It won’t show what part of Diversified Healthcare Trust 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 Diversified Healthcare Trust

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 Diversified Healthcare Trust = -102,564
Total revenue MRQ Diversified Healthcare Trust = 1,513,443
$-102,564 / $1,513,443 = -0.07 or -6.8%

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 Diversified Healthcare Trust is using its assets to generate profit.

Above 5% is considered healthy but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
-1.9% Return on Assets means that Diversified Healthcare Trust generated $-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Diversified Healthcare Trust:

The MRQ is -1.9%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -1.3%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.9%	TTM	-1.3%	-0.6%
TTM	-1.3%	YOY	-0.2%	-1.1%
TTM	-1.3%	5Y	-0.3%	-1.0%
5Y	-0.3%	10Y	0.1%	-0.5%

Shows how efficient Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust is using its resources to generate profit. If the return on assets (-1.9%) from Diversified Healthcare Trust are higher than the REIT - Healthcare Facilities mean () that means Diversified Healthcare Trust 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 Diversified Healthcare Trust is -1.9%. This means the company generated $-0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

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

Income statement
Balance sheet

Net income MRQ (income statement) from Diversified Healthcare Trust = -102,564
Total assets MRQ (balance sheet) from Diversified Healthcare Trust = 5,446,136
-102,564 / 5,446,136 = -0.02 or -1.9%

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

Above 15%-20% is considered healthy but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
-4.4% Return on Equity means Diversified Healthcare Trust generated $-0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Diversified Healthcare Trust:

The MRQ is -4.4%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -3.0%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-4.4%	TTM	-3.0%	-1.4%
TTM	-3.0%	YOY	-0.3%	-2.7%
TTM	-3.0%	5Y	-0.8%	-2.2%
5Y	-0.8%	10Y	0.3%	-1.1%

Shows how efficient Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 REIT - Healthcare Facilities 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 Diversified Healthcare Trust is -4.4%. This means Diversified Healthcare Trust generated $-0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust up to 10 years back (depending if Diversified Healthcare Trust 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 Diversified Healthcare Trust

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Diversified Healthcare Trust = -102,564
Shareholders equity (balance sheet) MRQ Diversified Healthcare Trust = 2,336,891
-102,564 / 2,336,891 = -0.04 or -4.4%

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 Diversified Healthcare Trust.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Diversified Healthcare Trust is operating .

Measures how much profit Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
An Operating Margin of 73.4% means the company generated $0.73 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Diversified Healthcare Trust:

The MRQ is 73.4%. The company is operating very efficient. +2
The TTM is 16.2%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	73.4%	TTM	16.2%	+57.1%
TTM	16.2%	YOY	-5.9%	+22.1%
TTM	16.2%	5Y	8.0%	+8.2%
5Y	8.0%	10Y	18.8%	-10.8%

Measures how efficient Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust is 73.4%. This means that Diversified Healthcare Trust earned $0.73 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Diversified Healthcare Trust = 1,110,532
Total revenue MRQ Diversified Healthcare Trust = 1,513,443
$1,110,532 / $1,513,443 = 0.73 or 73.4%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Diversified Healthcare Trust is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
An Operation Ratio of 0.27 means that the operating costs are $0.27 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Diversified Healthcare Trust:

The MRQ is 0.266. The company is very efficient in keeping operating costs low. +2
The TTM is 0.847. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.266	TTM	0.847	-0.581
TTM	0.847	YOY	1.071	-0.224
TTM	0.847	5Y	0.931	-0.084
5Y	0.931	10Y	0.815	+0.116

Measures how efficient Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust is 26.6%. This means that Diversified Healthcare Trust earned $0.27 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

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
(395,850 +7,061) \ 1,513,443 = 0.27

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 Diversified Healthcare Trust.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Diversified Healthcare Trust is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
A Current Ratio of 8.77 means the company has $8.77 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Diversified Healthcare Trust:

The MRQ is 8.767. The company is very able to pay all its short-term debts. +2
The TTM is 2.746. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	8.767	TTM	2.746	+6.021
TTM	2.746	YOY	1.308	+1.438
TTM	2.746	5Y	2.013	+0.732
5Y	2.013	10Y	1.382	+0.631

Measures if Diversified Healthcare Trust 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 REIT - Healthcare Facilities 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust is 8.77. This means Diversified Healthcare Trust has $8.77 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
262,489 \ 29,940) = 8.77

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

Above 1 is considered healthy but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
A Quick Ratio of 10.97 means the company can pay off $10.97 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Diversified Healthcare Trust:

The MRQ is 10.967. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 3.378. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	10.967	TTM	3.378	+7.589
TTM	3.378	YOY	1.137	+2.242
TTM	3.378	5Y	1.724	+1.655
5Y	1.724	10Y	1.177	+0.546

Measures if Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust can pay off its short term debts. This shows if Diversified Healthcare Trust 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 Diversified Healthcare Trust is 10.97. This means that Diversified Healthcare Trust can pay off $10.97 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

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 Diversified Healthcare Trust: (246,961 + 0 +81,387) / 29,940 = 10.97

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 Diversified Healthcare Trust.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Diversified Healthcare Trust assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Diversified Healthcare Trust to REIT - Healthcare Facilities industry mean.
A Debt to Asset Ratio of 0.57 means that Diversified Healthcare Trust assets are financed with 57.1% credit (debt) and the remaining percentage (100% - 57.1%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Diversified Healthcare Trust:

The MRQ is 0.571. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.556. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.571	TTM	0.556	+0.015
TTM	0.556	YOY	0.558	-0.002
TTM	0.556	5Y	0.583	-0.027
5Y	0.583	10Y	0.553	+0.030

Measures how much % of Diversified Healthcare Trust assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Diversified Healthcare Trust to REIT - Healthcare Facilities 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 Diversified Healthcare Trust is 0.57. This means means that Diversified Healthcare Trust is financed with 57.1% 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 REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Diversified Healthcare Trust

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

Balance sheet
Debt to asset ratio = total debt \ total assets
3,109,245 \ 5,446,136 = 57.1% or 0.57.

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 Diversified Healthcare Trust is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
A Debt to Equity ratio of 133.1% means that company has $1.33 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Diversified Healthcare Trust:

The MRQ is 1.331. The company is able to pay all its debts with equity. +1
The TTM is 1.254. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.331	TTM	1.254	+0.077
TTM	1.254	YOY	1.264	-0.011
TTM	1.254	5Y	1.445	-0.192
5Y	1.445	10Y	1.285	+0.160

Measures if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust is 1.33. This means that Diversified Healthcare Trust can pay off $1.33 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
3,109,245 \ 2,336,891 = 1.33 or 133.1%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Diversified Healthcare Trust

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 Diversified Healthcare Trust generates.

Above 15 is considered overpriced but always compare Diversified Healthcare Trust to the REIT - Healthcare Facilities industry mean.
A PE ratio of -2.19 means the investor is paying $-2.19 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Diversified Healthcare Trust:

The EOD is -1.383. Based on the earnings, the company is expensive. -2
The MRQ is -2.192. Based on the earnings, the company is expensive. -2
The TTM is -1.842. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-1.383	MRQ	-2.192	+0.809
MRQ	-2.192	TTM	-1.842	-0.350
TTM	-1.842	YOY	-0.381	-1.461
TTM	-1.842	5Y	-2.265	+0.423
5Y	-2.265	10Y	14.735	-17.000

Measures how much money you pay for each share for every $1 in earnings Diversified Healthcare Trust 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 Diversified Healthcare Trust to the REIT - Healthcare Facilities 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 Diversified Healthcare Trust is -2.19. This means the investor is paying $-2.19 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Healthcare Facilities industry is .
What is the trend?
The trend is important because it shows you how Diversified Healthcare Trust is performing over time. The most recent quarter might be important if Diversified Healthcare Trust 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 Diversified Healthcare Trust 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 Diversified Healthcare Trust

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 \ 239,175 = EPS
PE ratio MRQ = -2.19

* 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 Diversified Healthcare Trust:

The EOD is -1.922. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -3.045. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 1.835. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-1.922	MRQ	-3.045	+1.124
MRQ	-3.045	TTM	1.835	-4.880
TTM	1.835	YOY	-9.986	+11.821
TTM	1.835	5Y	-19.479	+21.314
5Y	-19.479	10Y	-8.369	-11.111

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to REIT - Healthcare Facilities industry mean).
A PB ratio of 0.38 means the investor is paying $0.38 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Diversified Healthcare Trust:

The EOD is 0.243. Based on the equity, the company is cheap. +2
The MRQ is 0.385. Based on the equity, the company is cheap. +2
The TTM is 0.229. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.243	MRQ	0.385	-0.142
MRQ	0.385	TTM	0.229	+0.156
TTM	0.229	YOY	0.142	+0.087
TTM	0.229	5Y	0.364	-0.135
5Y	0.364	10Y	0.868	-0.504

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Diversified Healthcare Trust.

3.1. Institutions holding Diversified Healthcare Trust

Institutions are holding 76.684% of the shares of Diversified Healthcare Trust.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Flat Footed LLC	9.7692	9.4149	23487000	0	0
2023-12-31	Vanguard Group Inc	8.3516	0.0016	20078770	169925	0.8535
2023-12-31	BlackRock Inc	7.7736	0.0018	18689085	1026887	5.814
2023-12-31	Silver Point Capital LP	6.5386	5.1513	15720000	3570000	29.3827
2023-12-31	H/2 Credit Manager LP	6.2048	13.7724	14917366	0	0
2023-12-31	Charles Schwab Investment Management Inc	5.9675	0.0136	14346995	-2861081	-16.6264
2023-09-30	D. E. Shaw & Co LP	5.5966	0.0273	13455226	233367	1.765
2023-12-31	Lonestar Capital Management LLC	2.9819	3.9205	7169000	84508	1.1929
2023-12-31	State Street Corporation	2.823	0.0012	6787002	172366	2.6058
2023-12-31	Bank of America Corp	2.6419	0.0024	6351633	6145533	2981.821
2023-12-31	Geode Capital Management, LLC	2.2927	0.0022	5512025	174279	3.265
2023-12-31	Prudential Financial Inc	0.9353	0.0127	2248562	-145221	-6.0666
2023-12-31	Northern Trust Corp	0.8903	0.0015	2140358	16257	0.7654
2023-12-31	Amvescap Plc.	0.82	0.0018	1971385	295295	17.6181
2023-12-31	Two Sigma Advisers, LLC	0.7568	0.0159	1819400	-1267800	-41.0663
2023-12-31	Goldman Sachs Group Inc	0.7566	0.0006	1818936	763395	72.3226
2023-12-31	Dimensional Fund Advisors, Inc.	0.7396	0.0019	1778218	-19555	-1.0877
2023-12-31	Arrowstreet Capital Limited Partnership	0.647	0.0061	1555599	919594	144.5891
2023-12-31	CastleKnight Management LP	0.5309	0.2518	1276372	-87800	-6.4361
2023-12-31	Bank of New York Mellon Corp	0.5132	0.0009	1233929	141509	12.9537
Total		67.5311	32.6024	162356861	+9331458	+5.7%

3.2. Funds holding Diversified Healthcare Trust

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-29	Schwab Fundamental US Small Company ETF	3.0309	0.215	7286732	0	0
2024-02-29	Vanguard Real Estate Index Investor	2.8584	0.0353	6872094	39313	0.5754
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8261	0.0014	6794482	-531400	-7.2537
2024-03-28	iShares Russell 2000 ETF	2.4565	0.0222	5905894	2847	0.0482
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3279	0.0103	3192507	-3208	-0.1004
2024-02-29	Schwab Fundamental US Small Company Idx	1.0147	0.4215	2439566	-40358	-1.6274
2024-01-31	Fidelity Small Cap Index	1.008	0.0281	2423489	41225	1.7305
2024-03-28	iShares Russell 2000 Value ETF	0.9292	0.0438	2233984	-1417	-0.0634
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.6017	0.0114	1446490	38200	2.7125
2024-02-29	Fidelity Extended Market Index	0.4938	0.0102	1187177	-16725	-1.3892
2024-02-29	Vanguard Real Estate II Index	0.4439	0.0407	1067117	0	0
2024-03-29	Schwab US Small-Cap ETF™	0.4186	0.0145	1006376	0	0
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.3698	0.0224	889160	0	0
2024-02-29	Vanguard Russell 2000 ETF	0.3625	0.03	871481	68000	8.4632
2024-02-29	DFA Global Real Estate Securities Port	0.3329	0.0363	800380	-8437	-1.0431
2024-02-29	AB Small Cap Core Z	0.3052	0.3482	733740	0	0
2023-12-31	NT R2000 Value Index Fund - NL	0.2818	0.067	677412	-13043	-1.889
2023-12-31	NT R2000 Index Fund - NL	0.2798	0.0347	672610	-12052	-1.7603
2024-03-28	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.2661	0.0661	639687	0	0
2024-03-28	Invesco Russell 2000® Dynamic Mltfct ETF	0.2517	0.3895	605108	0	0
Total		19.8595	1.8486	47745486	-437055	-0.9%

3.3. Insider Transactions

Insiders are holding 10.103% of the shares of Diversified Healthcare Trust.

Date	Owner	Type	Amount	Price
2023-06-14	Adam D Portnoy	BUY	2000000	3.07
2023-06-12	Adam D Portnoy	BUY	2011256	2.87
2023-06-09	Adam D Portnoy	BUY	1905200	2.59
2023-06-07	Adam D Portnoy	BUY	2400000	2.34
2023-06-05	Adam D Portnoy	BUY	2318081	1.75
2023-06-01	Adam D Portnoy	BUY	1454388	1.47
2023-05-30	Adam D Portnoy	BUY	635253	1.21

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Diversified Healthcare Trust 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	-	-	-0.435	-0.314	-28%	-0.025	-94%	-0.175	-60%	-0.046	-89%
Book Value Per Share	-	-	9.720	10.265	-5%	11.475	-15%	11.195	-13%	12.410	-22%
Current Ratio	-	-	8.767	2.746	+219%	1.308	+570%	2.013	+335%	1.382	+534%
Debt To Asset Ratio	-	-	0.571	0.556	+3%	0.558	+2%	0.583	-2%	0.553	+3%
Debt To Equity Ratio	-	-	1.331	1.254	+6%	1.264	+5%	1.445	-8%	1.285	+4%
Dividend Per Share	-	-	0.010	0.010	+0%	0.010	+0%	0.056	-82%	0.213	-95%
Eps	-	-	-0.427	-0.305	-28%	-0.016	-96%	-0.075	-82%	0.052	-927%
Free Cash Flow Per Share	-	-	-0.307	-0.058	-81%	-0.181	-41%	0.023	-1413%	-0.082	-73%
Free Cash Flow To Equity Per Share	-	-	-0.198	-0.318	+61%	-0.884	+347%	-0.107	-46%	-0.051	-74%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-7.884	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-22.433	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.394	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.724	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-1.486	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-3.508	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-2.942	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-7.731	-	-	-	-	-	-	-	-
Market Cap	567386480.000	-58%	899163320.000	557769760.000	+61%	400109646.050	+125%	1006060375.340	-11%	2730423619.730	-67%
Net Profit Margin	-	-	-0.068	-0.153	+126%	-0.008	-89%	-0.040	-40%	0.064	-205%
Operating Margin	-	-	0.734	0.162	+352%	-0.059	+108%	0.080	+814%	0.188	+289%
Operating Ratio	-	-	0.266	0.847	-69%	1.071	-75%	0.931	-71%	0.815	-67%
Pb Ratio	0.243	-58%	0.385	0.229	+68%	0.142	+171%	0.364	+6%	0.868	-56%
Pe Ratio	-1.383	+37%	-2.192	-1.842	-16%	-0.381	-83%	-2.265	+3%	14.735	-115%
Price Per Share	2.360	-58%	3.740	2.320	+61%	1.664	+125%	4.185	-11%	11.357	-67%
Price To Free Cash Flow Ratio	-1.922	+37%	-3.045	1.835	-266%	-9.986	+228%	-19.479	+540%	-8.369	+175%
Price To Total Gains Ratio	-5.550	+37%	-8.795	-7.406	-16%	-1.538	-83%	-11.827	+34%	31.890	-128%
Quick Ratio	-	-	10.967	3.378	+225%	1.137	+865%	1.724	+536%	1.177	+832%
Return On Assets	-	-	-0.019	-0.013	-30%	-0.002	-91%	-0.003	-83%	0.001	-1392%
Return On Equity	-	-	-0.044	-0.030	-32%	-0.003	-93%	-0.008	-82%	0.003	-1798%
Total Gains Per Share	-	-	-0.425	-0.304	-29%	-0.015	-97%	-0.119	-72%	0.167	-355%
Usd Book Value	-	-	2336891000.000	2467906250.000	-5%	2758756000.000	-15%	2691369550.000	-13%	2983647425.000	-22%
Usd Book Value Change Per Share	-	-	-0.435	-0.314	-28%	-0.025	-94%	-0.175	-60%	-0.046	-89%
Usd Book Value Per Share	-	-	9.720	10.265	-5%	11.475	-15%	11.195	-13%	12.410	-22%
Usd Dividend Per Share	-	-	0.010	0.010	+0%	0.010	+0%	0.056	-82%	0.213	-95%
Usd Eps	-	-	-0.427	-0.305	-28%	-0.016	-96%	-0.075	-82%	0.052	-927%
Usd Free Cash Flow	-	-	-73816000.000	-14031000.000	-81%	-43420000.000	-41%	5622500.000	-1413%	-19630575.000	-73%
Usd Free Cash Flow Per Share	-	-	-0.307	-0.058	-81%	-0.181	-41%	0.023	-1413%	-0.082	-73%
Usd Free Cash Flow To Equity Per Share	-	-	-0.198	-0.318	+61%	-0.884	+347%	-0.107	-46%	-0.051	-74%
Usd Market Cap	567386480.000	-58%	899163320.000	557769760.000	+61%	400109646.050	+125%	1006060375.340	-11%	2730423619.730	-67%
Usd Price Per Share	2.360	-58%	3.740	2.320	+61%	1.664	+125%	4.185	-11%	11.357	-67%
Usd Profit	-	-	-102564000.000	-73231250.000	-29%	-4618750.000	-95%	-18228600.000	-82%	12345275.000	-931%
Usd Revenue	-	-	1513443000.000	640554000.000	+136%	320891500.000	+372%	395058750.000	+283%	324873225.000	+366%
Usd Total Gains Per Share	-	-	-0.425	-0.304	-29%	-0.015	-97%	-0.119	-72%	0.167	-355%
	EOD	+3 -5	MRQ	TTM	+15 -20	YOY	+13 -22	5Y	+9 -26	10Y	+8 -27

4.2. Fundamental Score

Let's check the fundamental score of Diversified Healthcare Trust based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-1.383
Price to Book Ratio (EOD)	Between	0-1	0.243
Net Profit Margin (MRQ)	Greater than	0	-0.068
Operating Margin (MRQ)	Greater than	0	0.734
Quick Ratio (MRQ)	Greater than	1	10.967
Current Ratio (MRQ)	Greater than	1	8.767
Debt to Asset Ratio (MRQ)	Less than	1	0.571
Debt to Equity Ratio (MRQ)	Less than	1	1.331
Return on Equity (MRQ)	Greater than	0.15	-0.044
Return on Assets (MRQ)	Greater than	0.05	-0.019
Total			5/10 (50.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Diversified Healthcare Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.361
Ma 20	Greater than	Ma 50	2.492
Ma 50	Greater than	Ma 100	2.693
Ma 100	Greater than	Ma 200	2.817
Open	Greater than	Close	2.350
Total			1/5 (20.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Working Capital	-37,216	-62,072	-99,288	-126	-99,414	-79,310	-178,724	411,273	232,549
EBIT	-8,229	2,012	-6,217	-4,336	-10,553	-2,302	-12,855	1,123,387	1,110,532
Operating Income	-8,229	2,012	-6,217	-113,959	-120,176	6,450	-113,726	1,224,258	1,110,532

Latest Balance Sheet

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

Summary

Total Assets	5,446,136
Total Liabilities	3,109,245
Total Stockholder Equity	2,336,891

	As reported
Total Liabilities	3,109,245
Total Stockholder Equity	+ 2,336,891
Total Assets	= 5,446,136

Assets

Total Assets	5,446,136
Total Current Assets	262,489
Long-term Assets	5,183,647

Total Current Assets

Total Current Assets (as reported)	262,489
Cash And Cash Equivalents	246,961
Net Receivables	81,387
Total Current Assets (calculated)	328,348
+/-	65,859

Long-term Assets

Long-term Assets (as reported)	5,183,647
Property Plant Equipment	23,366
Long Term Investments	129,916
Other Assets	5,446,136
Long-term Assets (calculated)	5,599,418
+/-	415,771

Liabilities & Shareholders' Equity

Total Current Liabilities	29,940
Long-term Liabilities	3,079,305
Total Stockholder Equity	2,336,891

Total Current Liabilities

Total Current Liabilities (as reported)	29,940
Short-term Debt	1,811
Other Current Liabilities	28,129
Total Current Liabilities (calculated)	29,940
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	3,079,305
Long term Debt	2,816,849
Long-term Liabilities Other	262,456
Long-term Liabilities (calculated)	3,079,305
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,336,891
Common Stock	2,405
Retained Earnings	-2,283,984
Other Stockholders Equity	4,618,470
Total Stockholder Equity (calculated)	2,336,891
+/-	0

Other

Capital Stock	2,405
Cash and Short Term Investments	246,961
Common Stock Shares Outstanding	239,175
Liabilities and Stockholders Equity	5,446,136
Net Debt	2,593,636
Net Invested Capital	5,153,740
Net Working Capital	232,549
Short Long Term Debt Total	2,840,597

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

> Total Assets

0
0
670,400
654,000
636,478
631,495
632,588
530,573
530,573
557,696
561,648
867,303
1,115,046
1,115,841
1,112,409
1,158,200
1,219,060
1,216,540
1,228,073
1,304,100
1,318,804
1,308,287
1,300,173
1,447,730
1,436,848
1,473,413
1,440,403
1,499,648
1,480,557
1,490,557
1,559,745
1,584,774
1,590,932
1,584,631
1,576,938
1,701,894
1,936,972
2,199,065
2,349,042
2,496,874
2,508,542
2,560,198
2,955,036
2,987,926
2,966,022
2,993,227
2,999,712
3,392,656
3,875,039
3,733,418
4,003,313
4,383,048
4,383,821
4,466,552
4,646,295
4,748,002
4,811,269
4,748,631
4,807,330
4,764,666
4,778,668
6,016,855
5,989,122
5,968,269
6,537,095
7,348,026
7,352,996
7,183,978
7,154,151
7,265,767
7,230,098
7,227,754
7,220,204
7,183,620
7,187,741
7,294,019
7,384,064
7,435,636
7,453,444
7,160,426
7,145,900
7,098,710
6,916,990
6,653,826
6,703,723
6,600,523
6,535,118
6,476,424
7,542,706
7,179,852
7,066,048
6,623,514
6,775,379
6,145,864
6,072,486
6,002,093
5,666,730
5,585,475
5,530,256
5,446,136

5,446,136

5,530,256

5,585,475

5,666,730

6,002,093

6,072,486

6,145,864

6,775,379

6,623,514

7,066,048

7,179,852

7,542,706

6,476,424

6,535,118

6,600,523

6,703,723

6,653,826

6,916,990

7,098,710

7,145,900

7,160,426

7,453,444

7,435,636

7,384,064

7,294,019

7,187,741

7,183,620

7,220,204

7,227,754

7,230,098

7,265,767

7,154,151

7,183,978

7,352,996

7,348,026

6,537,095

5,968,269

5,989,122

6,016,855

4,778,668

4,764,666

4,807,330

4,748,631

4,811,269

4,748,002

4,646,295

4,466,552

4,383,821

4,383,048

4,003,313

3,733,418

3,875,039

3,392,656

2,999,712

2,993,227

2,966,022

2,987,926

2,955,036

2,560,198

2,508,542

2,496,874

2,349,042

2,199,065

1,936,972

1,701,894

1,576,938

1,584,631

1,590,932

1,584,774

1,559,745

1,490,557

1,480,557

1,499,648

1,440,403

1,473,413

1,436,848

1,447,730

1,300,173

1,308,287

1,318,804

1,304,100

1,228,073

1,216,540

1,219,060

1,158,200

1,112,409

1,115,841

1,115,046

867,303

561,648

557,696

530,573

632,588

631,495

636,478

654,000

670,400

> Total Current Assets

0
0
0
17,091
12,870
10,770
7,028
0
515
55,295
47,217
355,301
4,320
15,536
14,054
8,654
14,286
5,460
4,880
3,530
3,799
4,814
2,894
3,409
3,564
7,207
1,856
14,642
1,247
2,747
1,527
5,464
17,358
8,924
3,645
43,521
5,192
185,940
7,191
28,800
10,343
9,962
188,802
92,825
10,129
30,160
13,876
62,696
19,968
33,794
34,014
66,003
35,598
30,449
32,362
51,814
50,865
49,741
62,304
51,747
43,469
90,352
91,736
38,138
85,479
61,352
69,587
43,811
46,052
32,659
47,098
35,578
35,398
40,936
42,958
47,321
53,241
139,361
155,992
70,071
54,752
61,166
167,895
261,794
330,117
199,817
262,738
203,286
1,233,568
908,089
811,437
1,016,945
1,491,996
868,402
800,805
688,687
382,669
379,106
303,748
262,489

262,489

303,748

379,106

382,669

688,687

800,805

868,402

1,491,996

1,016,945

811,437

908,089

1,233,568

203,286

262,738

199,817

330,117

261,794

167,895

61,166

54,752

70,071

155,992

139,361

53,241

47,321

42,958

40,936

35,398

35,578

47,098

32,659

46,052

43,811

69,587

61,352

85,479

38,138

91,736

90,352

43,469

51,747

62,304

49,741

50,865

51,814

32,362

30,449

35,598

66,003

34,014

33,794

19,968

62,696

13,876

30,160

10,129

92,825

188,802

9,962

10,343

28,800

7,191

185,940

5,192

43,521

3,645

8,924

17,358

5,464

1,527

2,747

1,247

14,642

1,856

7,207

3,564

3,409

2,894

4,814

3,799

3,530

4,880

5,460

14,286

8,654

14,054

15,536

4,320

355,301

47,217

55,295

515

7,028

10,770

12,870

17,091

Cash And Cash Equivalents

0
0
0
17,091
12,870
10,770
7,028
515
515
5,554
8,084
352,026
4,320
15,536
14,054
8,654
14,286
5,460
4,880
3,530
3,799
4,814
2,894
3,409
3,564
7,207
1,856
14,642
1,247
2,747
1,527
5,464
17,358
8,924
3,645
43,521
5,192
185,940
7,191
5,990
5,566
5,373
72,487
10,494
5,486
25,230
8,513
10,866
14,810
28,082
26,845
23,560
25,302
20,405
20,985
42,382
38,989
37,336
52,258
39,233
32,967
79,392
80,750
27,594
77,794
52,231
61,408
37,656
39,199
25,633
40,773
31,749
32,272
27,160
28,870
31,238
39,161
30,657
47,657
54,976
39,875
48,033
49,462
37,357
69,545
78,485
82,241
74,417
843,237
849,079
794,739
634,848
732,058
705,160
691,040
658,065
380,117
338,431
278,122
246,961

246,961

278,122

338,431

380,117

658,065

691,040

705,160

732,058

634,848

794,739

849,079

843,237

74,417

82,241

78,485

69,545

37,357

49,462

48,033

39,875

54,976

47,657

30,657

39,161

31,238

28,870

27,160

32,272

31,749

40,773

25,633

39,199

37,656

61,408

52,231

77,794

27,594

80,750

79,392

32,967

39,233

52,258

37,336

38,989

42,382

20,985

20,405

25,302

23,560

26,845

28,082

14,810

10,866

8,513

25,230

5,486

10,494

72,487

5,373

5,566

5,990

7,191

185,940

5,192

43,521

3,645

8,924

17,358

5,464

1,527

2,747

1,247

14,642

1,856

7,207

3,564

3,409

2,894

4,814

3,799

3,530

4,880

5,460

14,286

8,654

14,054

15,536

4,320

352,026

8,084

5,554

515

7,028

10,770

12,870

17,091

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,288
8,288
0
0
10,244
10,244
0
0
13,126
13,126
0
0
10,626
10,626
0
0
12,740
0
0
0
0
0
0
0
3,424
3,424
0
0
17,695
0
0
0
29,249
0
0
0
16,865
0
0
0
25,177
0
0
0
29,078
29,078
0
0
23,993
0
0
0
51,472
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
215,127
0
158,759
159,476
5,880
0
0
0
0

5,880

159,476

158,759

215,127

51,472

23,993

29,078

25,177

16,865

29,249

17,695

3,424

12,740

10,626

13,126

10,244

8,288

Net Receivables

0
0
0
0
0
0
0
0
56,736
49,741
39,133
3,275
3,275
0
0
0
0
0
6,051
6,062
6,062
0
0
7,961
7,961
0
0
8,845
8,845
0
0
9,988
0
0
0
11,388
0
0
0
15,042
15,042
0
0
17,645
0
0
0
17,587
0
0
0
18,450
0
0
0
18,331
0
0
0
19,618
19,618
0
0
18,296
0
0
0
17,912
0
0
0
18,439
0
0
0
18,539
0
0
0
18,701
18,701
14,786
17,045
1,990
1,990
107,178
102,691
0
105,279
106,501
108,180
82,131
69,192
71,902
74,640
8,716
78,811
74,197
74,884
81,387

81,387

74,884

74,197

78,811

8,716

74,640

71,902

69,192

82,131

108,180

106,501

105,279

102,691

107,178

1,990

17,045

14,786

18,701

18,539

18,439

17,912

18,296

19,618

18,331

18,450

17,587

17,645

15,042

11,388

9,988

8,845

7,961

6,062

6,051

3,275

39,133

49,741

56,736

Other Current 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
4,344
4,777
4,589
111,587
42,769
4,643
4,930
5,363
4,994
5,158
5,712
7,169
7,128
10,296
10,044
11,377
9,432
11,876
12,405
10,046
-16,564
10,502
10,960
10,986
10,544
7,685
9,121
8,179
6,155
6,853
7,026
6,325
3,829
3,126
13,776
14,088
16,083
14,080
108,704
108,335
15,095
14,877
13,133
118,433
224,437
260,572
121,332
180,497
128,869
390,331
59,010
16,698
166,970
759,938
163,242
109,765
30,622
-461,480
-431,280
-353,989
-328,348

-328,348

-353,989

-431,280

-461,480

30,622

109,765

163,242

759,938

166,970

16,698

59,010

390,331

128,869

180,497

121,332

260,572

224,437

118,433

13,133

14,877

15,095

108,335

108,704

14,080

16,083

14,088

13,776

3,126

3,829

6,325

7,026

6,853

6,155

8,179

9,121

7,685

10,544

10,986

10,960

10,502

-16,564

10,046

12,405

11,876

9,432

11,377

10,044

10,296

7,128

7,169

5,712

5,158

4,994

5,363

4,930

4,643

42,769

111,587

4,589

4,777

4,344

> Long-term Assets

0
0
0
600,030
584,852
579,710
609,664
0
515,760
481,959
476,437
477,788
1,069,508
1,061,124
1,055,681
1,149,546
1,167,141
1,163,826
1,175,980
1,300,570
1,272,696
1,266,510
1,258,928
1,444,321
1,394,715
1,432,036
1,400,895
1,485,006
1,441,736
1,445,115
1,501,982
1,579,310
1,535,900
1,541,872
1,535,565
1,658,373
1,892,377
1,962,508
2,280,902
2,468,074
2,498,199
2,550,236
2,766,234
2,895,101
2,955,893
2,963,067
2,985,836
3,329,960
3,855,071
3,699,624
3,969,299
4,317,045
4,348,223
4,436,103
4,613,933
4,696,188
4,760,404
4,698,890
4,745,026
4,712,919
4,735,199
5,926,503
5,897,386
5,930,131
6,451,616
7,286,674
7,283,409
7,140,167
7,108,099
7,233,108
7,183,000
7,192,176
7,184,806
7,142,684
7,144,783
7,246,698
7,330,823
7,296,275
7,297,452
7,090,355
7,091,148
7,037,544
6,749,095
6,392,032
6,373,606
6,400,706
6,272,380
6,273,138
6,309,138
6,271,763
6,254,611
5,606,569
5,283,383
5,277,462
5,271,681
5,313,406
5,284,061
5,206,369
5,226,508
5,183,647

5,183,647

5,226,508

5,206,369

5,284,061

5,313,406

5,271,681

5,277,462

5,283,383

5,606,569

6,254,611

6,271,763

6,309,138

6,273,138

6,272,380

6,400,706

6,373,606

6,392,032

6,749,095

7,037,544

7,091,148

7,090,355

7,297,452

7,296,275

7,330,823

7,246,698

7,144,783

7,142,684

7,184,806

7,192,176

7,183,000

7,233,108

7,108,099

7,140,167

7,283,409

7,286,674

6,451,616

5,930,131

5,897,386

5,926,503

4,735,199

4,712,919

4,745,026

4,698,890

4,760,404

4,696,188

4,613,933

4,436,103

4,348,223

4,317,045

3,969,299

3,699,624

3,855,071

3,329,960

2,985,836

2,963,067

2,955,893

2,895,101

2,766,234

2,550,236

2,498,199

2,468,074

2,280,902

1,962,508

1,892,377

1,658,373

1,535,565

1,541,872

1,535,900

1,579,310

1,501,982

1,445,115

1,441,736

1,485,006

1,400,895

1,432,036

1,394,715

1,444,321

1,258,928

1,266,510

1,272,696

1,300,570

1,175,980

1,163,826

1,167,141

1,149,546

1,055,681

1,061,124

1,069,508

477,788

476,437

481,959

515,760

609,664

579,710

584,852

600,030

Property Plant Equipment

0
0
621,100
600,030
584,852
579,710
585,762
486,714
486,714
481,959
476,437
468,947
1,069,508
1,061,124
1,055,681
1,113,448
1,167,141
1,163,826
1,175,980
1,257,815
1,272,696
1,266,510
1,258,928
1,401,720
1,394,715
1,408,036
1,400,895
1,447,138
1,441,736
1,445,115
1,501,982
1,537,851
1,535,900
1,531,719
1,535,565
1,616,456
1,892,377
1,962,508
2,280,902
2,425,917
2,439,805
2,480,037
2,766,234
2,863,666
2,848,894
2,852,024
2,861,758
3,222,840
3,660,140
3,499,120
3,691,512
4,091,330
4,078,696
4,177,983
4,372,441
4,432,404
4,479,229
4,390,563
4,389,735
4,422,865
4,410,178
5,258,671
5,237,502
5,254,761
5,694,103
6,325,535
6,337,654
6,309,400
6,296,566
6,418,923
0
0
0
0
6,362,088
0
0
0
0
6,341,908
6,298,986
6,324,308
6,294,117
6,100,355
6,067,225
5,959,380
5,724,123
5,828,266
5,809,734
5,732,466
5,713,373
5,075,749
4,723,503
28,003
27,257
26,508
25,729
24,950
24,163
23,366

23,366

24,163

24,950

25,729

26,508

27,257

28,003

4,723,503

5,075,749

5,713,373

5,732,466

5,809,734

5,828,266

5,724,123

5,959,380

6,067,225

6,100,355

6,294,117

6,324,308

6,298,986

6,341,908

6,362,088

6,418,923

6,296,566

6,309,400

6,337,654

6,325,535

5,694,103

5,254,761

5,237,502

5,258,671

4,410,178

4,422,865

4,389,735

4,390,563

4,479,229

4,432,404

4,372,441

4,177,983

4,078,696

4,091,330

3,691,512

3,499,120

3,660,140

3,222,840

2,861,758

2,852,024

2,848,894

2,863,666

2,766,234

2,480,037

2,439,805

2,425,917

2,280,902

1,962,508

1,892,377

1,616,456

1,535,565

1,531,719

1,535,900

1,537,851

1,501,982

1,445,115

1,441,736

1,447,138

1,400,895

1,408,036

1,394,715

1,401,720

1,258,928

1,266,510

1,272,696

1,257,815

1,175,980

1,163,826

1,167,141

1,113,448

1,055,681

1,061,124

1,069,508

468,947

476,437

481,959

486,714

585,762

579,710

584,852

600,030

621,100

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,027
174,061
135,161
11,333
1,571
0
0
0
73,772
0
0
0
246,667
266,741
158,759
159,476
155,477
153,419
155,119
153,744
129,916

129,916

153,744

155,119

153,419

155,477

159,476

158,759

266,741

246,667

73,772

1,571

11,333

135,161

174,061

142,027

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
95,337
100,619
106,943
115,837
120,732
111,924
105,705
103,494
96,469
495,782
482,564
472,788
543,776
650,020
628,706
604,286
580,221
556,845
532,205
514,446
496,620
476,494
463,802
472,265
490,505
472,272
450,219
419,244
401,209
383,688
359,909
337,875
323,134
310,657
298,429
286,513
274,987
263,657
252,629
48,746
40,231
37,359
48,432
45,351
42,045
39,309
36,605
0

36,605

39,309

42,045

45,351

48,432

37,359

40,231

48,746

252,629

263,657

274,987

286,513

298,429

310,657

323,134

337,875

359,909

383,688

401,209

419,244

450,219

472,272

490,505

472,265

463,802

476,494

496,620

514,446

532,205

556,845

580,221

604,286

628,706

650,020

543,776

472,788

482,564

495,782

96,469

103,494

105,705

111,924

120,732

115,837

106,943

100,619

95,337

Other Assets

0
0
670,400
36,879
38,756
41,015
15,896
0
14,298
20,442
37,994
34,214
41,218
39,181
42,674
1,158,200
37,633
47,254
47,213
1,304,100
42,309
36,963
38,351
1,447,730
38,569
34,170
37,652
1,499,648
37,574
42,695
56,236
1,584,774
37,674
33,835
37,728
1,701,894
39,403
50,617
60,949
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
157,915
14,877
179,601
171,137
159,513
90,468
83,554
92,919
6,115
562,967
6,330,773
6,271,309
5,724,793
131,989
5,244,586
5,173,538
5,143,200
244,031
5,207,735
5,215,529
5,446,136

5,446,136

5,215,529

5,207,735

244,031

5,143,200

5,173,538

5,244,586

131,989

5,724,793

6,271,309

6,330,773

562,967

6,115

92,919

83,554

90,468

159,513

171,137

179,601

14,877

157,915

60,949

50,617

39,403

1,701,894

37,728

33,835

37,674

1,584,774

56,236

42,695

37,574

1,499,648

37,652

34,170

38,569

1,447,730

38,351

36,963

42,309

1,304,100

47,213

47,254

37,633

1,158,200

42,674

39,181

41,218

34,214

37,994

20,442

14,298

15,896

41,015

38,756

36,879

670,400

> Total Liabilities

0
0
242,900
244,594
235,112
230,649
234,401
108,263
108,263
110,389
74,393
292,679
346,197
354,495
356,792
405,874
472,526
477,405
496,647
576,194
508,414
504,496
501,637
557,063
555,156
597,779
572,317
581,671
568,398
588,733
665,312
565,308
427,909
431,254
431,401
452,484
566,938
445,889
606,422
765,516
689,143
750,625
1,038,971
1,087,276
1,080,705
1,130,668
1,146,940
1,264,679
1,767,617
1,630,396
1,693,789
1,910,442
1,937,986
2,050,393
1,975,484
2,101,434
1,927,124
1,936,414
2,030,887
1,987,677
2,037,950
2,987,274
3,004,907
3,015,862
2,962,302
3,781,805
3,847,456
3,824,218
3,831,407
3,980,199
3,991,130
4,028,349
3,801,180
3,842,841
3,900,186
4,016,831
3,967,947
3,992,063
4,058,964
3,980,556
4,032,462
4,062,001
3,948,768
3,776,776
3,916,554
3,845,683
3,893,412
3,857,202
4,997,516
4,674,703
4,656,391
3,961,124
3,874,646
3,356,239
3,366,431
3,363,482
3,082,911
3,076,086
3,088,730
3,109,245

3,109,245

3,088,730

3,076,086

3,082,911

3,363,482

3,366,431

3,356,239

3,874,646

3,961,124

4,656,391

4,674,703

4,997,516

3,857,202

3,893,412

3,845,683

3,916,554

3,776,776

3,948,768

4,062,001

4,032,462

3,980,556

4,058,964

3,992,063

3,967,947

4,016,831

3,900,186

3,842,841

3,801,180

4,028,349

3,991,130

3,980,199

3,831,407

3,824,218

3,847,456

3,781,805

2,962,302

3,015,862

3,004,907

2,987,274

2,037,950

1,987,677

2,030,887

1,936,414

1,927,124

2,101,434

1,975,484

2,050,393

1,937,986

1,910,442

1,693,789

1,630,396

1,767,617

1,264,679

1,146,940

1,130,668

1,080,705

1,087,276

1,038,971

750,625

689,143

765,516

606,422

445,889

566,938

452,484

431,401

431,254

427,909

565,308

665,312

588,733

568,398

581,671

572,317

597,779

555,156

557,063

501,637

504,496

508,414

576,194

496,647

477,405

472,526

405,874

356,792

354,495

346,197

292,679

74,393

110,389

108,263

234,401

230,649

235,112

244,594

242,900

> Total Current Liabilities

0
0
0
44,600
47,100
48,600
33,400
11,300
11,300
36,400
34,300
12,600
20,000
24,300
20,100
21,100
10,700
17,900
19,100
21,400
20,900
23,100
23,300
21,900
19,500
20,600
20,500
21,200
23,000
26,900
22,800
20,200
15,200
18,900
19,400
25,600
25,500
32,400
39,300
35,083
8,180
10,866
54,731
45,057
33,329
14,609
13,358
59,789
18,806
38,127
89,012
83,057
36,360
28,406
36,322
205,757
21,595
45,694
146,763
115,839
166,899
20,401
32,555
100,046
31,984
636,258
501,419
791,974
594,628
767,433
248,130
345,471
130,522
451,486
503,185
613,987
90,075
90,015
229,727
165,182
260,241
715,417
619,308
568,318
622,454
33,003
61,515
27,297
853,200
832,690
847,234
829,845
745,579
727,639
732,157
729,417
481,957
478,520
482,472
29,940

29,940

482,472

478,520

481,957

729,417

732,157

727,639

745,579

829,845

847,234

832,690

853,200

27,297

61,515

33,003

622,454

568,318

619,308

715,417

260,241

165,182

229,727

90,015

90,075

613,987

503,185

451,486

130,522

345,471

248,130

767,433

594,628

791,974

501,419

636,258

31,984

100,046

32,555

20,401

166,899

115,839

146,763

45,694

21,595

205,757

36,322

28,406

36,360

83,057

89,012

38,127

18,806

59,789

13,358

14,609

33,329

45,057

54,731

10,866

8,180

35,083

39,300

32,400

25,500

25,600

19,400

18,900

15,200

20,200

22,800

26,900

23,000

21,200

20,500

20,600

19,500

21,900

23,300

23,100

20,900

21,400

19,100

17,900

10,700

21,100

20,100

24,300

20,000

12,600

34,300

36,400

11,300

33,400

48,600

47,100

44,600

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
158,000
6,000
0
0
0
0
0
0
0
0
0
0
106,000
141,000
0
0
0
0
0
0
0
321,945
414,981
7,974
0
0
10,071
9,687
0
0
0
18,239
18,806
18,034
18,853
17,778
16,756
15,091
14,304
190,000
0
30,000
125,000
100,000
145,000
0
0
80,000
0
615,000
467,757
775,000
561,000
749,000
215,000
327,000
97,000
434,000
471,000
596,000
55,000
64,000
195,000
139,000
225,000
690,000
589,000
537,500
585,000
0
0
692
800,000
800,000
800,000
800,000
700,000
700,000
700,000
700,000
450,000
450,000
450,000
1,811

1,811

450,000

700,000

800,000

692

585,000

537,500

589,000

690,000

225,000

139,000

195,000

64,000

55,000

596,000

471,000

434,000

97,000

327,000

215,000

749,000

561,000

775,000

467,757

615,000

80,000

145,000

100,000

125,000

30,000

190,000

14,304

15,091

16,756

17,778

18,853

18,034

18,806

18,239

9,687

10,071

7,974

414,981

321,945

141,000

106,000

6,000

158,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
537,500
585,000
0
0
0
800,000
800,000
800,000
800,000
700,000
700,000
700,000
700,000
450,000
450,000
450,000
0

450,000

700,000

800,000

585,000

537,500

Accounts payable

0
0
0
0
0
0
0
0
13
0
9,100
9,367
0
0
0
0
0
0
0
894
0
0
0
1,516
0
0
0
786
0
0
0
1,624
0
0
0
1,496
0
0
0
2,287
0
0
0
2,535
0
0
0
0
0
0
0
3,553
0
0
0
27,284
21,595
15,694
21,763
27,715
21,899
20,401
32,555
20,046
31,984
21,258
33,662
31,982
33,628
18,433
0
0
0
0
0
0
0
0
0
80,481
35,241
25,417
30,308
32,839
29,236
27,162
53,681
48,319
52,807
32,690
47,234
38,115
45,579
27,639
32,157
34,619
31,957
28,215
0
0

28,215

31,957

34,619

32,157

27,639

45,579

38,115

47,234

32,690

52,807

48,319

53,681

27,162

29,236

32,839

30,308

25,417

35,241

80,481

18,433

33,628

31,982

33,662

21,258

31,984

20,046

32,555

20,401

21,899

27,715

21,763

15,694

21,595

27,284

3,553

2,535

2,287

1,496

1,624

786

1,516

894

9,367

9,100

Other Current Liabilities

0
0
0
44,600
47,100
48,600
33,400
0
11,287
36,400
25,200
3,233
20,000
24,300
20,100
21,100
-147,300
11,900
19,100
20,506
20,900
23,100
23,300
20,384
19,500
20,600
20,500
20,414
-83,000
-114,100
22,800
18,576
15,200
18,900
19,400
24,104
25,500
-289,545
-375,681
13,701
8,180
10,866
44,660
19,142
33,329
14,609
13,358
41,550
16,063
20,093
70,159
39,445
19,604
13,315
22,018
15,757
21,595
15,694
21,763
15,839
21,899
20,401
32,555
20,046
31,984
21,258
33,662
16,974
33,628
18,433
33,130
18,471
33,522
17,486
32,185
17,987
35,075
26,015
34,727
26,182
35,241
25,417
30,308
30,818
37,454
33,003
61,515
27,297
53,200
32,690
47,234
29,845
45,579
27,639
32,157
29,417
31,957
28,520
32,472
28,129

28,129

32,472

28,520

31,957

29,417

32,157

27,639

45,579

29,845

47,234

32,690

53,200

27,297

61,515

33,003

37,454

30,818

30,308

25,417

35,241

26,182

34,727

26,015

35,075

17,987

32,185

17,486

33,522

18,471

33,130

18,433

33,628

16,974

33,662

21,258

31,984

20,046

32,555

20,401

21,899

15,839

21,763

15,694

21,595

15,757

22,018

13,315

19,604

39,445

70,159

20,093

16,063

41,550

13,358

14,609

33,329

19,142

44,660

10,866

8,180

13,701

-375,681

-289,545

25,500

24,104

19,400

18,900

15,200

18,576

22,800

-114,100

-83,000

20,414

20,500

20,600

19,500

20,384

23,300

23,100

20,900

20,506

19,100

11,900

-147,300

21,100

20,100

24,300

20,000

3,233

25,200

36,400

11,287

33,400

48,600

47,100

44,600

> Long-term Liabilities

0
0
0
200,000
188,000
182,000
201,000
97,000
97,000
99,000
67,500
280,100
326,200
330,200
336,700
384,800
461,800
459,500
477,500
554,800
487,500
481,400
478,300
535,200
535,700
577,200
551,800
556,300
545,400
561,800
642,500
545,100
412,700
412,400
412,000
426,900
541,400
413,500
567,100
730,433
680,963
739,759
984,240
1,042,219
1,047,376
1,116,059
1,133,582
1,204,890
1,748,811
1,592,269
1,604,777
1,827,385
1,901,626
2,021,987
1,939,162
1,895,677
1,905,529
1,890,720
1,884,124
1,871,838
1,871,051
2,966,873
2,972,352
2,915,816
2,930,318
3,145,547
3,346,037
3,032,244
3,236,779
3,212,766
3,743,000
3,682,878
3,670,658
3,391,355
3,397,001
3,402,844
3,877,872
3,902,048
3,829,237
3,815,374
3,772,221
3,346,584
3,329,460
3,208,458
3,294,100
3,812,680
3,831,897
3,829,905
4,144,316
3,842,013
3,809,157
3,131,279
3,129,067
2,628,600
2,634,274
2,634,065
2,600,954
2,597,566
2,606,258
3,079,305

3,079,305

2,606,258

2,597,566

2,600,954

2,634,065

2,634,274

2,628,600

3,129,067

3,131,279

3,809,157

3,842,013

4,144,316

3,829,905

3,831,897

3,812,680

3,294,100

3,208,458

3,329,460

3,346,584

3,772,221

3,815,374

3,829,237

3,902,048

3,877,872

3,402,844

3,397,001

3,391,355

3,670,658

3,682,878

3,743,000

3,212,766

3,236,779

3,032,244

3,346,037

3,145,547

2,930,318

2,915,816

2,972,352

2,966,873

1,871,051

1,871,838

1,884,124

1,890,720

1,905,529

1,895,677

1,939,162

2,021,987

1,901,626

1,827,385

1,604,777

1,592,269

1,748,811

1,204,890

1,133,582

1,116,059

1,047,376

1,042,219

984,240

739,759

680,963

730,433

567,100

413,500

541,400

426,900

412,000

412,400

412,700

545,100

642,500

561,800

545,400

556,300

551,800

577,200

535,700

535,200

478,300

481,400

487,500

554,800

477,500

459,500

461,800

384,800

336,700

330,200

326,200

280,100

67,500

99,000

97,000

201,000

182,000

188,000

200,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,816,530
1,826,601
1,812,926
1,796,074
1,792,764
1,789,326
2,765,654
2,762,283
2,720,704
2,719,114
2,824,552
3,033,808
2,728,025
2,936,521
2,915,163
0
0
0
0
0
0
0
0
0
3,509,417
3,509,365
3,067,262
3,067,403
2,964,161
2,964,556
2,803,930
2,805,463
3,498,811
3,101,318
2,803,497
2,805,154
2,806,811
2,808,467
2,315,286
2,316,493
2,317,700
2,318,907
2,320,113
0
0

2,320,113

2,318,907

2,317,700

2,316,493

2,315,286

2,808,467

2,806,811

2,805,154

2,803,497

3,101,318

3,498,811

2,805,463

2,803,930

2,964,556

2,964,161

3,067,403

3,067,262

3,509,365

3,509,417

2,915,163

2,936,521

2,728,025

3,033,808

2,824,552

2,719,114

2,720,704

2,762,283

2,765,654

1,789,326

1,792,764

1,796,074

1,812,926

1,826,601

1,816,530

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305,957
262,856
279,322
262,057
244,297
325,095
311,134
329,730
331,094
352,265
348,621
310,593
254,755
222,795
227,926
276,845
259,299
252,473
0
0
0

252,473

259,299

276,845

227,926

222,795

254,755

310,593

348,621

352,265

331,094

329,730

311,134

325,095

244,297

262,057

279,322

262,856

305,957

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,529
0
0
0
30,318
0
0
0
32,032
0
0
0
51,665
0
0
0
42,963
0
0
0
0

42,963

51,665

32,032

30,318

28,529

> Total Stockholder Equity

0
0
427,500
409,406
401,366
400,846
398,187
0
422,310
422,307
459,861
574,624
768,849
761,346
755,617
752,326
746,534
739,135
731,426
727,906
810,390
803,791
798,536
890,667
881,692
875,634
868,086
917,977
912,159
901,824
894,433
1,019,466
1,163,023
1,153,377
1,145,537
1,249,410
1,370,034
1,753,176
1,742,620
1,731,358
1,819,399
1,809,573
1,916,065
1,900,650
1,885,317
1,862,559
1,852,772
2,127,977
2,107,422
2,103,022
2,309,524
2,472,606
2,445,835
2,416,159
2,670,811
2,646,568
2,884,145
2,812,217
2,776,443
2,776,989
2,740,718
3,029,581
2,984,215
2,952,407
3,574,793
3,566,221
3,505,540
3,359,760
3,322,744
3,285,568
3,238,968
3,199,405
3,237,039
3,160,917
3,111,418
3,277,188
3,248,163
3,443,573
3,233,993
3,179,870
2,960,761
3,036,709
2,823,479
2,877,050
2,650,997
2,754,840
2,514,044
2,619,222
2,426,177
2,390,189
2,298,882
2,662,390
2,900,733
2,789,625
2,706,055
2,638,611
2,583,819
2,509,389
2,441,526
2,336,891

2,336,891

2,441,526

2,509,389

2,583,819

2,638,611

2,706,055

2,789,625

2,900,733

2,662,390

2,298,882

2,390,189

2,426,177

2,619,222

2,514,044

2,754,840

2,650,997

2,877,050

2,823,479

3,036,709

2,960,761

3,179,870

3,233,993

3,443,573

3,248,163

3,277,188

3,111,418

3,160,917

3,237,039

3,199,405

3,238,968

3,285,568

3,322,744

3,359,760

3,505,540

3,566,221

3,574,793

2,952,407

2,984,215

3,029,581

2,740,718

2,776,989

2,776,443

2,812,217

2,884,145

2,646,568

2,670,811

2,416,159

2,445,835

2,472,606

2,309,524

2,103,022

2,107,422

2,127,977

1,852,772

1,862,559

1,885,317

1,900,650

1,916,065

1,809,573

1,819,399

1,731,358

1,742,620

1,753,176

1,370,034

1,249,410

1,145,537

1,153,377

1,163,023

1,019,466

894,433

901,824

912,159

917,977

868,086

875,634

881,692

890,667

798,536

803,791

810,390

727,906

731,426

739,135

746,534

752,326

755,617

761,346

768,849

574,624

459,861

422,307

422,310

398,187

400,846

401,366

409,406

427,500

Common Stock

0
0
300
260
260
260
259
0
259
259
294
434
584
584
584
584
584
585
585
585
635
635
635
685
685
685
685
718
718
718
718
776
836
837
837
887
949
1,145
1,145
1,145
1,204
1,205
1,274
1,273
1,274
1,274
1,275
1,418
1,419
1,419
1,534
1,626
1,627
1,627
1,766
1,765
1,880
1,880
1,881
1,881
1,882
2,037
2,039
2,039
2,350
2,374
2,375
2,375
2,375
2,375
2,375
2,375
2,375
2,376
2,376
2,376
2,376
2,376
2,377
2,377
2,377
2,377
2,379
2,379
2,379
2,380
2,383
2,383
2,383
2,384
2,390
2,390
2,390
2,391
2,397
2,397
2,397
2,398
2,405
2,405

2,405

2,398

2,397

2,391

2,390

2,384

2,383

2,380

2,379

2,377

2,376

2,375

2,374

2,350

2,039

2,037

1,882

1,881

1,880

1,765

1,766

1,627

1,626

1,534

1,419

1,418

1,275

1,274

1,273

1,274

1,205

1,204

1,145

949

887

837

836

776

718

685

635

585

584

434

294

259

260

300

Retained Earnings Total Equity

-2,110,840

-2,035,872

-1,980,817

-1,913,098

-1,829,215

-1,717,442

-1,955,475

-2,318,670

-2,226,943

-2,190,338

-2,120,450

-2,101,840

-1,992,572

-1,964,121

-1,878,371

-1,790,989

-1,725,938

-1,653,050

-1,590,418

-1,256,502

-1,203,123

-1,141,781

-1,027,369

-973,033

-917,766

-878,024

-843,797

-801,440

-765,702

-730,894

-729,715

-694,486

-626,734

-593,113

Accumulated Other Comprehensive Income

0
0
0
-108,709
-108,340
-113,482
-115,678
-106,681
1,063
-116,567
-121,428
2,087
2,502
2,292
1,536
1,534
1,799
2,499
2,462
3,490
4,682
3,410
4,486
6,372
5,451
5,931
5,897
3,872
5,367
5,194
5,573
5,986
5,906
3,925
3,424
1,266
198
-717,301
267
-3,331
-841,257
-882,515
3,646
1,981
1,932
266
7,023
13,536
17,084
10,396
-5,325
-3,772
-1,542
-2,860
4,675
4,562
13,318
8,841
6,689
8,412
6,511
7,173
1,736
3,329
4,823
6,146
-1,169
-32,537
-8,298
7,676
24,318
34,549
58,716
58,861
66,310
87,231
565
-281
-108
-266
-200
-129
-175
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

-175

-129

-200

-266

-108

-281

565

87,231

66,310

58,861

58,716

34,549

24,318

7,676

-8,298

-32,537

-1,169

6,146

4,823

3,329

1,736

7,173

6,511

8,412

6,689

8,841

13,318

4,562

4,675

-2,860

-1,542

-3,772

-5,325

10,396

17,084

13,536

7,023

266

1,932

1,981

3,646

-882,515

-841,257

-3,331

267

-717,301

198

1,266

3,424

3,925

5,906

5,986

5,573

5,194

5,367

3,872

5,897

5,931

5,451

6,372

4,486

3,410

4,682

3,490

2,462

2,499

1,799

1,534

1,536

2,292

2,502

2,087

-121,428

-116,567

1,063

-106,681

-115,678

-113,482

-108,340

-108,709

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,233,354
3,495,681
3,495,982
3,497,588
3,497,590
3,498,027
3,821,811
3,824,237
3,825,063
4,485,386
4,530,734
4,531,703
4,531,703
4,531,790
4,532,019
0
0
0
0
0
0
0
0
0
4,611,419
4,611,634
4,611,993
4,612,264
4,612,511
4,612,739
4,613,146
4,613,501
4,613,904
4,614,132
4,614,748
4,615,162
4,615,475
4,615,785
4,616,449
4,616,756
4,617,031
4,617,294
4,617,831
0
0

4,617,831

4,617,294

4,617,031

4,616,756

4,616,449

4,615,785

4,615,475

4,615,162

4,614,748

4,614,132

4,613,904

4,613,501

4,613,146

4,612,739

4,612,511

4,612,264

4,611,993

4,611,634

4,611,419

4,532,019

4,531,790

4,531,703

4,530,734

4,485,386

3,825,063

3,824,237

3,821,811

3,498,027

3,497,590

3,497,588

3,495,982

3,495,681

3,233,354

Treasury Stock

Other Stockholders Equity

0
0
427,200
553,220
552,851
558,006
560,941
0
552,382
564,453
610,124
784,687
957,204
964,599
971,831
853,637
853,637
853,851
853,851
853,858
939,952
940,259
940,685
1,034,686
1,034,686
1,035,055
1,035,343
1,093,480
1,093,480
1,093,612
1,094,125
1,214,863
1,367,307
1,367,431
1,367,921
1,476,675
1,606,031
2,000,529
2,000,811
2,000,865
2,097,601
2,098,521
2,226,473
2,226,474
2,227,061
2,227,275
2,228,520
2,510,373
2,510,476
2,510,710
2,759,570
2,944,212
2,944,664
2,944,868
3,233,262
3,233,354
3,495,681
3,495,982
3,497,588
3,497,590
3,498,027
3,821,811
3,824,237
3,825,063
4,485,386
4,530,734
4,531,703
4,531,703
4,531,790
4,532,019
4,533,492
4,533,456
4,607,410
4,607,742
4,609,029
4,609,316
4,609,274
4,609,522
4,610,885
4,611,419
4,611,634
4,611,993
4,612,264
4,753,042
4,612,739
4,745,032
4,613,501
4,737,289
4,614,132
4,614,748
4,615,162
4,615,475
4,615,785
4,616,449
4,616,756
4,617,031
4,617,294
4,617,831
4,618,138
4,618,470

4,618,470

4,618,138

4,617,831

4,617,294

4,617,031

4,616,756

4,616,449

4,615,785

4,615,475

4,615,162

4,614,748

4,614,132

4,737,289

4,613,501

4,745,032

4,612,739

4,753,042

4,612,264

4,611,993

4,611,634

4,611,419

4,610,885

4,609,522

4,609,274

4,609,316

4,609,029

4,607,742

4,607,410

4,533,456

4,533,492

4,532,019

4,531,790

4,531,703

4,530,734

4,485,386

3,825,063

3,824,237

3,821,811

3,498,027

3,497,590

3,497,588

3,495,982

3,495,681

3,233,354

3,233,262

2,944,868

2,944,664

2,944,212

2,759,570

2,510,710

2,510,476

2,510,373

2,228,520

2,227,275

2,227,061

2,226,474

2,226,473

2,098,521

2,097,601

2,000,865

2,000,811

2,000,529

1,606,031

1,476,675

1,367,921

1,367,431

1,367,307

1,214,863

1,094,125

1,093,612

1,093,480

1,035,343

1,035,055

1,034,686

940,685

940,259

939,952

853,858

853,851

853,637

971,831

964,599

957,204

784,687

610,124

564,453

552,382

560,941

558,006

552,851

553,220

427,200

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
Accounts Payable	0	34,619	38,115	48,319	32,839	80,481	0	0	31,982	20,046	27,715	27,284	3,553	0	2,535	2,287	1,496	1,624	786	1,516	894	0	9,367	13	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
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
Accumulated Other Comprehensive Income	0	0	0	0	0	-266	87,231	34,549	-32,537	3,329	8,412	4,562	-3,772	13,536	1,981	-3,331	1,266	5,986	3,872	6,372	3,490	1,534	2,087	1,063	-108,709	-94,616
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
Capital Lease Obligations	0	30,177	72,269	759,403	76,705	86,304	96,018	106,038	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	2,405	2,397	2,390	2,383	2,379	2,377	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	4,617,031	4,615,475	4,613,904	4,612,511	4,611,419	4,609,316	4,533,456	4,531,703	3,825,063	3,497,590	3,233,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	246,961	658,065	634,848	74,417	37,357	54,976	31,238	31,749	37,656	27,594	39,233	42,382	23,560	10,866	10,494	5,990	43,521	5,464	14,642	3,409	3,530	8,654	352,026	515	17,091	139
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
Cash And Short Term Investments	246,961	658,065	634,848	74,417	37,357	54,976	31,238	31,749	37,656	27,594	39,233	42,382	23,560	10,866	10,494	5,990	43,521	18,204	25,268	16,535	13,774	16,942	352,026	515	17,091	139
Common Stock	2,405	2,397	2,390	2,383	2,379	2,377	2,376	2,375	2,375	2,039	1,881	1,765	1,626	1,418	1,273	1,145	887	776	718	685	585	584	434	259	260	264
Common Stock Shares Outstanding	238,836	238,314	237,967	237,739	237,604	237,546	237,452	237,382	232,963	198,894	187,414	169,671	149,577	128,092	121,863	105,153	83,168	72,529	68,757	63,406	58,445	56,416	30,859	25,979	26,000	26,000
Common Stock Total Equity	0	2,397	2,390	2,383	2,379	2,377	2,376	2,375	2,375	2,039	1,881	1,765	1,626	1,418	1,273	1,145	887	776	718	685	585	584	434	259	260	264
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	950	0	-17,671	-559,922	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
Deferred Long Term Liab	0	42,963	51,665	32,032	30,318	28,529	28,698	19,868	19,953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	33,948	45,351	48,746	286,513	337,875	419,244	472,265	514,446	604,286	472,788	103,494	115,837	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	-8,716	1,399,042	114,915	276,661	-18,701	-18,539	-18,439	-17,912	-18,296	9,460	-18,331	-18,450	-17,587	1,459	3,424	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	5,446,136	6,002,093	6,623,514	6,476,424	6,653,826	7,160,426	7,294,019	7,227,754	7,183,978	5,968,269	4,764,666	4,748,002	4,383,048	3,392,656	2,987,926	2,496,874	1,701,894	1,584,774	1,499,648	1,447,730	1,304,100	1,158,200	867,303	530,573	654,000	686,296
Long Term Debt	2,816,849	2,317,700	2,806,811	3,498,811	2,964,161	3,509,417	3,674,526	3,714,465	2,728,025	2,720,704	1,792,764	1,816,530	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	2,317,700	2,806,811	3,498,811	2,964,161	3,509,417	3,674,526	3,714,465	2,728,025	2,720,704	1,792,764	1,816,530	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	129,916	155,477	246,667	73,772	1,571	142,027	162,751	115,612	58,299	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
Net Debt	2,593,636	2,389,812	3,044,232	3,492,224	3,541,009	3,679,745	3,739,306	3,788,754	3,580,732	2,895,936	1,866,059	1,977,840	1,803,825	1,212,263	1,041,412	573,027	383,331	539,621	541,758	531,769	523,899	348,710	-108,419	96,485	182,909	-139
Net Invested Capital	5,153,740	5,656,311	3,606,811	5,303,075	5,543,441	5,927,343	5,974,072	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	81,387	8,716	82,131	104,803	1,990	18,701	18,539	18,439	17,912	18,296	19,618	18,331	18,450	17,587	17,645	15,042	11,388	9,988	8,845	7,961	6,062	0	3,275	0	0	22,939
Net Tangible Assets	0	2,593,260	2,613,644	2,209,324	2,398,644	2,603,868	2,632,685	2,684,959	2,755,474	2,479,619	2,673,495	2,530,731	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	232,549	-37,216	187,100	151,442	-313,313	-130,709	-614,538	-309,893	-748,163	-61,908	-64,092	-153,943	-52,369	-17,372	110,567	-6,283	25,941	-14,736	-76,658	-18,491	-1,564	-12,446	342,701	-10,785	-27,509	0
Non Current Assets Total	5,183,647	5,313,406	5,606,569	6,273,138	6,392,032	7,090,355	7,246,698	7,192,176	7,140,167	5,930,131	4,712,919	4,696,188	4,352,360	3,376,796	2,863,666	2,468,074	1,616,456	1,537,851	1,447,138	1,401,720	1,257,815	1,113,448	477,788	515,760	600,030	637,777
Non Current Liabilities Other	262,456	311,163	316,198	310,072	242,276	251,658	161,889	167,079	289,211	183,437	67,198	67,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	3,079,305	2,634,065	3,131,279	3,829,905	3,208,458	3,815,374	3,402,844	3,682,878	3,032,244	2,915,816	1,871,838	1,895,677	1,827,385	1,231,447	1,073,583	730,433	426,900	545,100	486,200	535,200	554,800	384,800	280,100	97,000	200,000	0
Non Currrent Assets Other	5,276,553	5,112,578	5,342,696	5,912,853	6,052,586	6,529,084	6,611,682	6,562,118	6,484,409	5,433,350	158,585	4,555,174	261,030	153,956	31,435	42,157	-1,616,456	-1,537,851	-1,447,138	-1,401,720	-1,257,815	-1,113,448	-477,788	-515,760	-600,030	-637,777
Noncontrolling Interest In Consolidated Entity	0	0	0	123,385	140,531	156,758	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	5,166,249	5,143,200	5,724,793	6,115	159,513	157,915	161,334	189,732	6,155	0	0	0	0	0	0	0	33,897	41,459	37,868	42,601	26,449	36,098	34,214	14,298	36,879	25,441
Other Current Assets	-328,348	30,622	-1,099,076	-90,849	-54,214	15,095	16,083	3,829	6,155	10,544	-16,564	9,432	7,128	4,994	94,662	4,344	0	0	0	0	0	0	0	0	0	0
Other Current Liab	28,129	29,417	29,845	-275,862	30,818	26,182	17,987	18,471	16,974	20,046	15,839	15,757	60,776	14,993	19,142	13,701	24,104	18,576	90,514	20,384	20,506	21,100	3,233	11,287	44,600	0
Other Liab	0	259,299	254,755	331,094	244,297	305,957	324,318	295,413	304,220	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	4,618,470	4,617,031	4,615,475	4,737,289	4,753,042	4,611,419	4,609,316	4,533,456	4,531,703	3,825,063	3,497,590	3,233,354	2,944,212	2,510,373	2,226,474	2,000,865	1,476,675	1,214,863	1,093,480	1,034,686	853,858	853,637	784,687	552,382	553,220	736,421
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	4,422,865	0	4,091,330	3,222,840	2,863,666	2,425,917	1,616,456	1,537,851	1,447,138	1,401,720	1,257,815	1,113,448	468,947	486,714	600,030	637,777
Property Plant And Equipment Net	23,366	26,508	5,079,902	5,720,066	5,895,104	0	0	0	0	0	4,422,865	0	4,091,330	3,222,840	2,863,666	2,425,917	1,616,456	1,537,851	1,447,138	1,401,720	1,257,815	1,113,448	468,947	486,714	600,030	637,777
Property Plant Equipment	0	4,864,576	5,075,749	5,828,266	6,100,355	6,341,908	6,370,286	6,346,831	6,309,400	5,254,761	4,422,865	4,432,404	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-2,283,984	-1,980,817	-1,955,475	-2,120,450	-1,878,371	-1,590,418	-1,593,973	-1,370,975	-1,141,781	-878,024	-730,894	-593,113	-469,460	-397,350	-329,078	530,318	-229,418	-202,159	-180,093	-151,076	-130,027	-103,429	-86,245	-23,650	-35,365	0
Retained Earnings Total Equity	0	-1,980,817	-1,955,475	-2,120,450	-1,878,371	-1,590,418	0	0	-1,141,781	-878,024	-730,894	-593,113	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	700,000	800,000	0	537,500	139,000	596,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,840,597	3,047,877	3,679,080	3,566,641	3,578,366	3,734,721	3,770,544	3,820,503	3,618,388	2,923,530	1,905,292	2,020,222	1,827,385	1,223,129	1,051,906	579,017	426,852	545,085	556,400	535,178	527,429	357,364	243,607	97,000	200,000	0
Short Term Debt	1,811	700,000	800,000	303,159	537,500	139,000	596,000	327,000	775,000	80,000	100,000	190,000	17,778	18,239	9,687	579,017	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	5,880	215,127	0	0	0	162,751	115,612	51,472	23,993	29,078	25,177	16,865	29,249	17,695	3,424	8,020	12,740	10,626	13,126	10,244	8,288	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
Total Assets	5,446,136	6,002,093	6,623,514	6,476,424	6,653,826	7,160,426	7,294,019	7,227,754	7,183,978	5,968,269	4,764,666	4,748,002	4,383,048	3,392,656	2,987,926	2,496,874	1,701,894	1,584,774	1,499,648	1,447,730	1,304,100	1,158,200	867,303	530,573	654,000	686,296
Total Current Assets	262,489	688,687	1,016,945	203,286	261,794	70,071	47,321	35,578	43,811	38,138	51,747	51,814	30,688	15,860	124,260	28,800	51,541	5,464	14,642	3,409	19,836	8,654	355,301	515	17,091	23,078
Total Current Liabilities	29,940	729,417	829,845	27,297	568,318	165,182	613,987	345,471	791,974	100,046	115,839	205,757	83,057	33,232	13,693	35,083	25,600	20,200	91,300	21,900	21,400	21,100	12,600	11,300	44,600	0
Total Liab	3,109,245	3,363,482	3,961,124	3,857,202	3,776,776	3,980,556	4,016,831	4,028,349	3,824,218	3,015,862	1,987,677	2,101,434	1,910,442	1,264,679	1,087,276	765,516	452,484	565,308	581,671	557,063	576,194	405,874	292,679	108,263	244,594	44,227
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
Total Stockholder Equity	2,336,891	2,638,611	2,662,390	2,619,222	2,877,050	3,179,870	3,277,188	3,199,405	3,359,760	2,952,407	2,776,989	2,646,568	2,472,606	2,127,977	1,900,650	1,731,358	1,249,410	1,019,466	917,977	890,667	727,906	752,326	574,624	422,310	409,406	642,069
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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

	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
Accounts Payable	0	0	28,215	31,957	34,619	32,157	27,639	45,579	38,115	47,234	32,690	52,807	48,319	53,681	27,162	29,236	32,839	30,308	25,417	35,241	80,481	0	0	0	0	0	0	0	0	0	18,433	33,628	31,982	33,662	21,258	31,984	20,046	32,555	20,401	21,899	27,715	21,763	15,694	21,595	27,284	0	0	0	3,553	0	0	0	0	0	0	0	2,535	0	0	0	2,287	0	0	0	1,496	0	0	0	1,624	0	0	0	786	0	0	0	1,516	0	0	0	894	0	0	0	0	0	0	0	9,367	9,100	0	13	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
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
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-175	-129	-200	-266	-108	-281	565	87,231	66,310	58,861	58,716	34,549	24,318	7,676	-8,298	-32,537	-1,169	6,146	4,823	3,329	1,736	7,173	6,511	8,412	6,689	8,841	13,318	4,562	4,675	-2,860	-1,542	-3,772	-5,325	10,396	17,084	13,536	7,023	266	1,932	1,981	3,646	-882,515	-841,257	-3,331	267	-717,301	198	1,266	3,424	3,925	5,906	5,986	5,573	5,194	5,367	3,872	5,897	5,931	5,451	6,372	4,486	3,410	4,682	3,490	2,462	2,499	1,799	1,534	1,536	2,292	2,502	2,087	-121,428	-116,567	1,063	-106,681	-115,678	-113,482	-108,340	-108,709	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	13,660	14,390	29,574	30,177	42,141	58,299	70,115	72,269	750,379	753,382	756,375	759,403	70,046	72,286	74,430	76,705	79,134	81,534	83,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,405	2,405	2,398	2,397	2,397	2,397	2,391	2,390	2,390	2,390	2,384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,617,831	4,617,294	4,617,031	4,616,756	4,616,449	4,615,785	4,615,475	4,615,162	4,614,748	4,614,132	4,613,904	4,613,501	4,613,146	4,612,739	4,612,511	4,612,264	4,611,993	4,611,634	4,611,419	0	0	0	0	0	0	0	0	0	4,532,019	4,531,790	4,531,703	4,531,703	4,530,734	4,485,386	3,825,063	3,824,237	3,821,811	3,498,027	3,497,590	3,497,588	3,495,982	3,495,681	3,233,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	246,961	278,122	338,431	380,117	658,065	691,040	705,160	732,058	634,848	794,739	849,079	843,237	74,417	82,241	78,485	69,545	37,357	49,462	48,033	39,875	54,976	47,657	30,657	39,161	31,238	28,870	27,160	32,272	31,749	40,773	25,633	39,199	37,656	61,408	52,231	77,794	27,594	80,750	79,392	32,967	39,233	52,258	37,336	38,989	42,382	20,985	20,405	25,302	23,560	26,845	28,082	14,810	10,866	8,513	25,230	5,486	10,494	72,487	5,373	5,566	5,990	7,191	185,940	5,192	43,521	3,645	8,924	17,358	5,464	1,527	2,747	1,247	14,642	1,856	7,207	3,564	3,409	2,894	4,814	3,799	3,530	4,880	5,460	14,286	8,654	14,054	15,536	4,320	352,026	8,084	5,554	515	515	7,028	10,770	12,870	17,091	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
Cash And Short Term Investments	246,961	278,122	338,431	380,117	658,065	691,040	705,160	732,058	634,848	794,739	849,079	843,237	74,417	82,241	78,485	69,545	37,357	49,462	48,033	39,875	54,976	47,657	30,657	39,161	31,238	28,870	27,160	32,272	31,749	40,773	25,633	39,199	37,656	61,408	52,231	77,794	27,594	80,750	79,392	32,967	39,233	52,258	37,336	38,989	42,382	20,985	20,405	25,302	40,425	26,845	28,082	14,810	40,115	8,513	25,230	5,486	28,189	72,487	5,373	5,566	9,414	7,191	185,940	5,192	43,521	3,645	8,924	17,358	18,204	1,527	2,747	1,247	25,268	1,856	7,207	3,564	16,535	2,894	4,814	3,799	13,774	4,880	5,460	14,286	16,942	14,054	15,536	4,320	352,026	8,084	5,554	515	0	7,028	10,770	12,870	17,091	0	0	0
Common Stock	2,405	2,405	2,398	2,397	2,397	2,397	2,391	2,390	2,390	2,390	2,384	2,383	2,383	2,383	2,380	2,379	2,379	2,379	2,377	2,377	2,377	2,377	2,376	2,376	2,376	2,376	2,376	2,375	2,375	2,375	2,375	2,375	2,375	2,375	2,374	2,350	2,039	2,039	2,037	1,882	1,881	1,881	1,880	1,880	1,765	1,766	1,627	1,627	1,626	1,534	1,419	1,419	1,418	1,275	1,274	1,274	1,273	1,274	1,205	1,204	1,145	1,145	1,145	949	887	837	837	836	776	718	718	718	718	685	685	685	685	635	635	635	585	585	585	584	584	584	584	584	434	294	259	259	0	259	260	260	260	300	0	0
Common Stock Shares Outstanding	239,175	238,892	238,682	238,589	238,562	238,344	238,197	238,198	238,149	238,008	237,871	237,834	237,834	237,752	237,700	237,669	237,659	237,608	237,580	237,600	237,573	237,562	237,529	237,493	237,475	237,460	237,445	237,416	237,393	237,396	237,363	237,329	237,320	237,293	235,592	221,397	203,754	203,675	199,867	188,045	188,168	188,102	188,081	184,605	176,554	174,690	162,670	162,647	162,647	153,385	141,869	141,873	141,873	127,423	127,408	127,380	127,380	121,665	120,455	117,853	117,853	114,492	100,302	91,080	91,080	83,659	83,649	80,815	80,815	71,824	71,817	71,812	71,812	68,543	68,537	68,496	68,496	63,477	63,471	62,354	62,354	58,453	58,439	58,437	58,437	58,437	58,424	50,255	50,255	29,277	25,917	25,916	25,916	25,912	26,002	26,002	26,002	26,000	26,000	26,000
Common Stock Total Equity	0	0	2,398	2,397	2,397	2,397	2,391	2,390	2,390	2,390	2,384	2,383	2,383	2,383	2,380	2,379	2,379	2,379	2,377	2,377	2,377	2,377	2,376	2,376	2,376	2,376	2,376	2,375	2,375	2,375	2,375	2,375	2,375	2,375	2,374	2,350	2,039	2,039	2,037	1,882	1,881	1,881	1,880	1,880	1,765	1,766	1,627	1,627	1,626	1,534	1,419	1,419	1,418	1,275	1,274	1,274	1,273	1,274	1,205	1,204	1,145	1,145	1,145	949	887	837	837	836	776	718	718	718	718	685	685	685	685	635	635	635	585	585	585	584	584	584	584	584	434	294	259	259	259	259	260	260	260	300	0	0
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	22,281	0	0	0	0	0	0	0	13,693	0	0	0	11,121	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Deferred Long Term Liab	0	0	0	0	42,963	0	0	0	51,665	0	0	0	32,032	0	0	0	30,318	0	0	0	28,529	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	36,605	39,309	42,045	45,351	48,432	37,359	40,231	48,746	252,629	263,657	274,987	286,513	298,429	310,657	323,134	337,875	359,909	383,688	401,209	419,244	450,219	472,272	490,505	472,265	463,802	476,494	496,620	514,446	532,205	556,845	580,221	604,286	628,706	650,020	543,776	472,788	482,564	495,782	96,469	103,494	105,705	111,924	120,732	115,837	106,943	100,619	95,337	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	0	397,758	0	-8,716	-74,640	-71,902	0	0	0	0	0	0	0	0	0	-1,990	0	0	0	-18,701	0	0	0	-18,539	0	0	0	-18,439	0	0	0	-17,912	0	0	0	-18,296	0	0	0	9,460	0	0	0	-18,331	0	0	0	0	0	0	0	0	0	0	0	4,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	5,446,136	5,530,256	5,585,475	5,666,730	6,002,093	6,072,486	6,145,864	6,775,379	6,623,514	7,066,048	7,179,852	7,542,706	6,476,424	6,535,118	6,600,523	6,703,723	6,653,826	6,916,990	7,098,710	7,145,900	7,160,426	7,453,444	7,435,636	7,384,064	7,294,019	7,187,741	7,183,620	7,220,204	7,227,754	7,230,098	7,265,767	7,154,151	7,183,978	7,352,996	7,348,026	6,537,095	5,968,269	5,989,122	6,016,855	4,778,668	4,764,666	4,807,330	4,748,631	4,811,269	4,748,002	4,646,295	4,466,552	4,383,821	4,383,048	4,003,313	3,733,418	3,875,039	3,392,656	2,999,712	2,993,227	2,966,022	2,987,926	2,955,036	2,560,198	2,508,542	2,496,874	2,349,042	2,199,065	1,936,972	1,701,894	1,576,938	1,584,631	1,590,932	1,584,774	1,559,745	1,490,557	1,480,557	1,499,648	1,440,403	1,473,413	1,436,848	1,447,730	1,300,173	1,308,287	1,318,804	1,304,100	1,228,073	1,216,540	1,219,060	1,158,200	1,112,409	1,115,841	1,115,046	867,303	561,648	557,696	530,573	530,573	632,588	631,495	636,478	654,000	670,400	0	0
Long Term Debt	2,816,849	2,321,320	2,320,113	2,318,907	2,317,700	2,316,493	2,315,286	2,808,467	2,806,811	2,805,154	3,603,497	3,101,318	3,498,811	3,497,848	2,803,930	2,964,556	2,964,161	3,067,403	3,067,262	3,509,365	3,509,417	0	0	0	0	0	0	0	0	0	2,915,163	2,936,521	2,728,025	3,033,808	2,824,552	2,719,114	2,720,704	2,762,283	2,765,654	1,789,326	1,792,764	1,796,074	1,812,926	1,826,601	1,816,530	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	2,320,113	2,318,907	2,317,700	2,316,493	2,315,286	2,808,467	2,806,811	2,805,154	2,803,497	3,101,318	3,498,811	2,805,463	2,803,930	2,964,556	2,964,161	3,067,403	3,067,262	3,509,365	3,509,417	0	0	0	0	0	0	0	0	0	2,915,163	2,936,521	2,728,025	3,033,808	2,824,552	2,719,114	2,720,704	2,762,283	2,765,654	1,789,326	1,792,764	1,796,074	1,812,926	1,826,601	1,816,530	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	129,916	153,744	155,119	153,419	155,477	159,476	158,759	266,741	246,667	0	0	0	73,772	0	0	0	1,571	11,333	135,161	174,061	142,027	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	2,593,636	2,506,858	2,446,072	2,418,364	2,389,812	2,367,594	2,368,425	2,846,524	3,044,232	3,560,794	3,507,800	3,814,456	3,492,224	3,485,653	3,490,910	3,554,441	3,541,009	3,686,075	3,790,763	3,778,409	3,679,745	3,745,284	3,730,775	3,699,177	3,739,306	3,628,317	3,596,574	3,553,775	3,788,754	3,721,119	3,750,242	3,572,829	3,580,732	3,558,256	3,508,053	2,764,755	2,895,936	2,807,026	2,814,469	1,913,132	1,866,059	1,882,115	1,819,755	1,802,733	1,977,840	1,861,630	1,959,614	1,843,253	1,821,603	1,577,932	1,542,113	1,704,190	1,212,263	1,091,908	1,065,384	1,041,890	1,041,412	921,824	710,156	656,318	732,417	407,790	227,520	421,182	383,331	408,335	403,436	395,384	539,621	640,948	700,016	650,197	541,758	549,901	569,968	532,184	531,769	475,380	476,619	483,719	523,899	27,679	33,119	578,094	348,710	51,583	17,589	261,322	-108,419	22,916	68,446	96,485	96,485	193,972	171,230	175,130	182,909	0	0	0
Net Invested Capital	5,153,740	5,212,846	5,279,502	5,352,726	5,656,311	5,722,548	5,804,911	6,409,200	3,606,811	5,904,036	5,993,686	6,327,495	5,303,075	5,319,507	5,426,884	5,506,592	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	81,387	74,884	74,197	78,811	8,716	74,640	71,902	69,192	82,131	108,180	106,501	105,279	0	102,691	107,178	1,990	1,990	17,045	14,786	18,701	18,701	0	0	0	18,539	0	0	0	18,439	0	0	0	17,912	0	0	0	18,296	0	0	19,618	19,618	0	0	0	18,331	0	0	0	18,450	0	0	0	17,587	0	0	0	17,645	0	0	15,042	15,042	0	0	0	11,388	0	0	0	9,988	0	0	8,845	8,845	0	0	7,961	7,961	0	0	6,062	6,062	6,051	0	0	0	0	0	3,275	3,275	39,133	49,741	56,736	0	0	0	0	0	0	0	0
Net Tangible Assets	0	0	2,470,080	2,541,774	2,593,260	2,657,623	2,752,266	2,860,502	2,613,644	2,046,253	2,126,532	2,151,190	2,209,324	2,215,615	2,312,297	2,327,863	2,398,644	2,463,570	2,504,615	2,559,552	2,603,868	0	0	0	0	0	0	0	0	0	2,728,723	2,742,523	2,755,474	2,876,834	2,916,201	3,031,017	2,479,619	2,501,651	2,533,799	2,644,249	2,673,495	2,670,738	2,700,293	2,763,413	2,530,731	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	232,549	-178,724	-99,414	-99,288	-37,216	68,648	140,763	746,417	187,100	764,203	875,399	1,180,368	151,442	201,223	166,814	-292,337	-306,524	-451,413	-654,251	-205,489	-95,111	-73,735	49,346	-36,834	-566,666	-460,227	-410,550	-95,124	-309,893	-201,032	-734,774	-548,576	-748,163	-431,832	-574,906	53,495	-61,908	59,181	69,951	-123,430	-64,092	-84,459	4,047	29,270	-153,943	-3,960	2,043	-762	-17,054	-54,998	-4,333	1,162	2,907	518	15,551	-23,200	47,768	134,071	-904	2,163	-6,283	-32,109	153,540	-20,308	17,921	-15,755	-9,976	2,158	-14,736	-21,273	-24,153	-21,753	-6,558	-18,644	-13,393	-15,936	-18,491	-20,406	-18,286	-17,101	-17,870	-14,220	-12,440	3,586	-12,446	-6,046	-8,764	-15,680	342,701	12,917	18,895	-10,785	0	-26,372	-37,830	-34,230	-27,509	0	0	0
Non Current Assets Total	5,183,647	5,226,508	5,206,369	5,284,061	5,313,406	5,271,681	5,277,462	5,283,383	5,606,569	6,254,611	6,271,763	6,309,138	6,273,138	6,272,380	6,400,706	6,373,606	6,392,032	6,749,095	7,037,544	7,091,148	7,090,355	7,297,452	7,296,275	7,330,823	7,246,698	7,144,783	7,142,684	7,184,806	7,192,176	7,183,000	7,233,108	7,108,099	7,140,167	7,283,409	7,286,674	6,451,616	5,930,131	5,897,386	5,926,503	4,735,199	4,712,919	4,745,026	4,698,890	4,760,404	4,696,188	4,613,933	4,436,103	4,348,223	4,317,045	3,969,299	3,699,624	3,855,071	3,329,960	2,985,836	2,963,067	2,955,893	2,895,101	2,766,234	2,550,236	2,498,199	2,468,074	2,280,902	1,962,508	1,892,377	1,658,373	1,535,565	1,541,872	1,535,900	1,579,310	1,501,982	1,445,115	1,441,736	1,485,006	1,400,895	1,432,036	1,394,715	1,444,321	1,258,928	1,266,510	1,272,696	1,300,570	1,175,980	1,163,826	1,167,141	1,149,546	1,055,681	1,061,124	1,069,508	477,788	476,437	481,959	515,760	0	609,664	579,710	584,852	600,030	0	0	0
Non Current Liabilities Other	262,456	271,278	277,758	282,047	311,163	317,781	313,314	320,600	316,198	1,004,003	285,134	1,043,391	310,072	264,003	1,014,591	337,762	242,276	262,057	279,322	262,856	251,658	0	0	0	0	0	0	0	0	0	297,603	300,258	289,211	312,229	320,995	211,204	183,437	210,069	201,219	81,725	67,198	88,050	77,794	78,928	67,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,079,305	2,606,258	2,597,566	2,600,954	2,634,065	2,634,274	2,628,600	3,129,067	3,131,279	3,809,157	3,842,013	4,144,316	3,829,905	3,831,897	3,812,680	3,294,100	3,208,458	3,329,460	3,346,584	3,772,221	3,815,374	3,829,237	3,902,048	3,877,872	3,402,844	3,397,001	3,391,355	3,670,658	3,682,878	3,743,000	3,212,766	3,236,779	3,032,244	3,346,037	3,145,547	2,930,318	2,915,816	2,972,352	2,966,873	1,871,051	1,871,838	1,884,124	1,890,720	1,905,529	1,895,677	1,939,162	2,021,987	1,901,626	1,827,385	1,604,777	1,592,269	1,748,811	1,204,890	1,133,582	1,116,059	1,047,376	1,042,219	984,240	739,759	680,963	730,433	567,100	413,500	541,400	426,900	412,000	412,400	412,700	545,100	642,500	561,800	545,400	556,300	551,800	577,200	535,700	535,200	478,300	481,400	487,500	554,800	477,500	459,500	461,800	384,800	336,700	330,200	326,200	280,100	67,500	99,000	97,000	97,000	201,000	182,000	188,000	200,000	0	0	0
Non Currrent Assets Other	126,854	5,036,159	5,011,941	5,088,597	5,112,578	5,063,773	5,081,344	4,976,411	5,342,696	6,001,982	6,008,106	6,034,151	5,912,853	5,973,951	6,090,049	6,050,472	6,052,586	6,389,186	6,653,856	6,689,939	6,529,084	6,847,233	6,824,003	6,840,318	6,611,682	318,893	6,666,190	6,688,186	6,562,118	6,650,795	6,676,263	6,527,878	6,484,409	6,654,703	6,636,654	5,907,840	5,433,350	5,414,822	5,430,721	4,638,730	158,585	4,639,321	4,586,966	4,639,672	4,555,174	134,549	157,501	174,190	225,715	277,787	200,504	194,931	107,120	124,078	111,043	106,999	31,435	111,587	70,199	58,394	42,157	-2,280,902	-1,962,508	-1,892,377	41,917	-1,535,565	-1,541,872	-1,535,900	41,459	-1,501,982	-1,445,115	-1,441,736	37,868	-1,400,895	-1,432,036	-1,394,715	42,601	-1,258,928	-1,266,510	-1,272,696	42,755	-1,175,980	-1,163,826	-1,167,141	36,098	-1,055,681	-1,061,124	-1,069,508	-477,788	-476,437	-481,959	-515,760	0	-609,664	-579,710	-584,852	-600,030	-621,100	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	110,775	114,960	119,013	123,385	127,662	131,886	136,172	140,531	144,743	148,406	152,677	156,758	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,446,136	5,215,529	5,207,735	244,031	5,143,200	5,173,538	5,244,586	131,989	5,724,793	6,271,309	6,330,773	562,967	6,115	92,919	83,554	90,468	159,513	171,137	179,601	14,877	157,915	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,949	50,617	39,403	1,701,894	37,728	33,835	37,674	1,584,774	56,236	42,695	37,574	1,499,648	37,652	34,170	38,569	1,447,730	38,351	36,963	42,309	1,304,100	47,213	47,254	37,633	1,158,200	42,674	39,181	41,218	34,214	37,994	20,442	14,298	0	15,896	41,015	38,756	36,879	670,400	0	0
Other Current Assets	-328,348	-353,989	-431,280	-461,480	30,622	109,765	163,242	759,938	166,970	16,698	59,010	390,331	128,869	180,497	121,332	260,572	224,437	118,433	13,133	14,877	15,095	108,335	108,704	14,080	16,083	14,088	13,776	3,126	3,829	6,325	7,026	6,853	6,155	8,179	9,121	7,685	10,544	10,986	10,960	10,502	-16,564	10,046	12,405	11,876	9,432	11,377	10,044	10,296	7,128	7,169	5,712	5,158	4,994	5,363	4,930	4,643	42,769	111,587	4,589	4,777	4,344	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	28,129	32,472	28,520	31,957	29,417	32,157	27,639	45,579	29,845	47,234	32,690	53,200	27,297	61,515	33,003	37,454	30,818	30,308	25,417	35,241	26,182	34,727	26,015	35,075	17,987	32,185	17,486	33,522	18,471	33,130	18,433	33,628	16,974	33,662	21,258	31,984	20,046	32,555	20,401	21,899	15,839	21,763	15,694	21,595	15,757	22,018	13,315	19,604	39,445	70,159	20,093	16,063	41,550	13,358	14,609	33,329	19,142	44,660	10,866	8,180	13,701	-375,681	-289,545	25,500	24,104	19,400	18,900	15,200	18,576	22,800	-114,100	-83,000	20,414	20,500	20,600	19,500	20,384	23,300	23,100	20,900	20,506	19,100	11,900	-147,300	21,100	20,100	24,300	20,000	3,233	25,200	36,400	11,287	0	33,400	48,600	47,100	44,600	0	0	0
Other Liab	0	0	0	252,473	259,299	276,845	227,926	222,795	254,755	310,593	348,621	352,265	331,094	329,730	311,134	325,095	244,297	262,057	279,322	262,856	305,957	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	4,618,470	4,618,138	4,617,831	4,617,294	4,617,031	4,616,756	4,616,449	4,615,785	4,615,475	4,615,162	4,614,748	4,614,132	4,737,289	4,613,501	4,745,032	4,612,739	4,753,042	4,612,264	4,611,993	4,611,634	4,611,419	4,610,885	4,609,522	4,609,274	4,609,316	4,609,029	4,607,742	4,607,410	4,533,456	4,533,492	4,532,019	4,531,790	4,531,703	4,531,703	4,530,734	4,485,386	3,825,063	3,824,237	3,821,811	3,498,027	3,497,590	3,497,588	3,495,982	3,495,681	3,233,354	3,233,262	2,944,868	2,944,664	2,944,212	2,759,570	2,510,710	2,510,476	2,510,373	2,228,520	2,227,275	2,227,061	2,226,474	2,226,473	2,098,521	2,097,601	2,000,865	2,000,811	2,000,529	1,606,031	1,476,675	1,367,921	1,367,431	1,367,307	1,214,863	1,094,125	1,093,612	1,093,480	1,093,480	1,035,343	1,035,055	1,034,686	1,034,686	940,685	940,259	939,952	853,858	853,851	853,851	853,637	853,637	971,831	964,599	957,204	784,687	610,124	564,453	552,382	0	560,941	558,006	552,851	553,220	427,200	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,362,088	0	0	0	0	0	0	0	0	0	0	0	0	0	4,422,865	4,422,865	0	0	0	0	4,372,441	4,177,983	4,078,696	4,091,330	3,691,512	3,499,120	3,310,509	3,222,840	2,861,758	2,852,024	2,848,894	2,863,666	2,766,234	2,480,037	2,439,805	2,425,917	2,280,902	1,962,508	1,892,377	1,616,456	1,535,565	1,531,719	1,535,900	1,537,851	1,501,982	1,445,115	1,441,736	1,447,138	1,400,895	1,408,036	1,394,715	1,401,720	1,258,928	1,266,510	1,272,696	1,257,815	1,175,980	1,163,826	1,167,141	1,113,448	1,055,681	1,061,124	1,069,508	468,947	476,437	481,959	485,264	486,714	585,762	579,710	584,852	600,030	621,100	0	0
Property Plant And Equipment Net	23,366	24,163	24,950	25,729	26,508	27,257	28,003	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,362,088	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,422,865	0	0	0	0	4,372,441	4,177,983	4,078,696	4,091,330	3,691,512	3,499,120	3,660,140	3,222,840	2,861,758	2,852,024	2,848,894	2,863,666	2,766,234	2,480,037	2,439,805	2,425,917	2,280,902	1,962,508	1,892,377	1,616,456	1,535,565	1,531,719	1,535,900	1,537,851	1,501,982	1,445,115	1,441,736	1,447,138	1,400,895	1,408,036	1,394,715	1,401,720	1,258,928	1,266,510	1,272,696	1,257,815	1,175,980	1,163,826	1,167,141	1,113,448	1,055,681	1,061,124	1,069,508	468,947	476,437	481,959	486,714	0	585,762	579,710	584,852	600,030	621,100	0	0
Property Plant Equipment	0	0	4,825,773	4,844,566	4,864,576	4,811,931	4,734,078	4,723,503	5,075,749	5,713,373	5,732,466	5,809,734	5,828,266	5,724,123	5,959,380	6,067,225	6,100,355	6,294,117	6,324,308	6,298,986	6,341,908	0	0	0	0	0	0	0	0	0	6,418,923	6,296,566	6,309,400	6,337,654	6,325,535	5,694,103	5,254,761	5,237,502	5,258,671	4,410,178	4,422,865	4,389,735	4,390,563	4,479,229	4,432,404	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-2,283,984	-2,179,017	-2,110,840	-2,035,872	-1,980,817	-1,913,098	-1,829,215	-1,717,442	-1,955,475	-2,318,670	-2,226,943	-2,190,338	-2,120,450	-2,101,840	-1,992,572	-1,964,121	-1,878,371	-1,790,989	-1,725,938	-1,653,050	-1,590,418	-1,379,161	-1,332,285	-1,364,052	-1,593,973	-1,566,297	-1,508,062	-1,431,462	-1,370,975	-1,321,217	-1,256,502	-1,203,123	-1,141,781	-1,027,369	-973,033	-917,766	-878,024	-843,797	-801,440	-765,702	-730,894	-729,715	-694,486	-626,734	-593,113	-568,892	-527,476	-498,914	-469,460	-446,255	-419,503	-418,061	-397,350	-384,046	-366,256	-344,950	-329,078	-315,328	592,362	561,851	-267,321	497,950	468,803	-237,144	-229,418	-226,645	-218,816	-211,026	-202,159	-205,983	-197,700	-187,406	-180,093	-173,839	-166,037	-159,130	-151,076	-147,270	-140,513	-134,879	-130,027	-125,472	-117,800	-109,486	-103,429	-100,140	-95,167	-87,652	-86,245	-29,129	-25,838	-23,650	-23,650	-47,335	-43,938	-43,405	-35,365	0	0	0
Retained Earnings Total Equity	0	0	-2,110,840	-2,035,872	-1,980,817	-1,913,098	-1,829,215	-1,717,442	-1,955,475	-2,318,670	-2,226,943	-2,190,338	-2,120,450	-2,101,840	-1,992,572	-1,964,121	-1,878,371	-1,790,989	-1,725,938	-1,653,050	-1,590,418	0	0	0	0	0	0	0	0	0	-1,256,502	-1,203,123	-1,141,781	-1,027,369	-973,033	-917,766	-878,024	-843,797	-801,440	-765,702	-730,894	-729,715	-694,486	-626,734	-593,113	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	450,000	450,000	450,000	700,000	700,000	700,000	700,000	800,000	800,000	800,000	800,000	0	0	0	585,000	537,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,840,597	2,784,980	2,784,503	2,798,481	3,047,877	3,058,634	3,073,585	3,578,582	3,679,080	4,355,533	4,356,879	4,657,693	3,566,641	3,567,894	3,569,395	3,623,986	3,578,366	3,735,537	3,838,796	3,818,284	3,734,721	3,792,941	3,761,432	3,738,338	3,770,544	3,657,187	3,623,734	3,586,047	3,820,503	3,761,892	3,775,875	3,612,028	3,618,388	3,619,664	3,560,284	2,842,549	2,923,530	2,887,776	2,893,861	1,946,099	1,905,292	1,934,373	1,857,091	1,841,722	2,020,222	1,882,615	1,980,019	1,868,555	1,845,163	1,604,777	1,570,195	1,719,000	1,223,129	1,100,421	1,090,614	1,047,376	1,051,906	994,311	715,529	661,884	738,407	414,981	413,460	426,374	426,852	411,980	412,360	412,742	545,085	642,475	702,763	651,444	556,400	551,757	577,175	535,748	535,178	478,274	481,433	487,518	527,429	32,559	38,579	592,380	357,364	65,637	33,125	265,642	243,607	31,000	74,000	97,000	97,000	201,000	182,000	188,000	200,000	0	0	0
Short Term Debt	1,811	450,000	450,000	450,000	700,000	700,000	700,000	700,000	800,000	800,000	800,000	800,000	692	0	0	585,000	537,500	589,000	690,000	225,000	139,000	195,000	64,000	55,000	596,000	471,000	434,000	97,000	327,000	215,000	749,000	561,000	775,000	467,757	615,000	0	80,000	0	0	145,000	100,000	125,000	30,000	0	190,000	14,304	15,091	16,756	17,778	18,853	18,034	18,806	18,239	0	0	0	9,687	10,071	0	0	7,974	414,981	321,945	0	0	0	0	0	0	0	141,000	106,000	0	0	0	0	0	0	0	0	0	0	6,000	158,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	0	0	0	5,880	159,476	158,759	0	215,127	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	51,472	0	0	0	23,993	0	0	29,078	29,078	0	0	0	25,177	0	0	0	16,865	0	0	0	29,249	0	0	0	17,695	0	0	3,424	3,424	0	0	0	0	0	0	0	12,740	0	0	10,626	10,626	0	0	13,126	13,126	0	0	10,244	10,244	0	0	8,288	8,288	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	5,446,136	5,530,256	5,585,475	5,666,730	6,002,093	6,072,486	6,145,864	6,775,379	6,623,514	7,066,048	7,179,852	7,542,706	6,476,424	6,535,118	6,600,523	6,703,723	6,653,826	6,916,990	7,098,710	7,145,900	7,160,426	7,453,444	7,435,636	7,384,064	7,294,019	7,187,741	7,183,620	7,220,204	7,227,754	7,230,098	7,265,767	7,154,151	7,183,978	7,352,996	7,348,026	6,537,095	5,968,269	5,989,122	6,016,855	4,778,668	4,764,666	4,807,330	4,748,631	4,811,269	4,748,002	4,646,295	4,466,552	4,383,821	4,383,048	4,003,313	3,733,418	3,875,039	3,392,656	2,999,712	2,993,227	2,966,022	2,987,926	2,955,036	2,560,198	2,508,542	2,496,874	2,349,042	2,199,065	1,936,972	1,701,894	1,576,938	1,584,631	1,590,932	1,584,774	1,559,745	1,490,557	1,480,557	1,499,648	1,440,403	1,473,413	1,436,848	1,447,730	1,300,173	1,308,287	1,318,804	1,304,100	1,228,073	1,216,540	1,219,060	1,158,200	1,112,409	1,115,841	1,115,046	867,303	561,648	557,696	530,573	530,573	632,588	631,495	636,478	654,000	670,400	0	0
Total Current Assets	262,489	303,748	379,106	382,669	688,687	800,805	868,402	1,491,996	1,016,945	811,437	908,089	1,233,568	203,286	262,738	199,817	330,117	261,794	167,895	61,166	54,752	70,071	155,992	139,361	53,241	47,321	42,958	40,936	35,398	35,578	47,098	32,659	46,052	43,811	69,587	61,352	85,479	38,138	91,736	90,352	43,469	51,747	62,304	49,741	50,865	51,814	32,362	30,449	35,598	66,003	34,014	33,794	19,968	62,696	13,876	30,160	10,129	92,825	188,802	9,962	10,343	28,800	7,191	185,940	5,192	43,521	3,645	8,924	17,358	5,464	1,527	2,747	1,247	14,642	1,856	7,207	3,564	3,409	2,894	4,814	3,799	3,530	4,880	5,460	14,286	8,654	14,054	15,536	4,320	355,301	47,217	55,295	515	0	7,028	10,770	12,870	17,091	0	0	0
Total Current Liabilities	29,940	482,472	478,520	481,957	729,417	732,157	727,639	745,579	829,845	847,234	832,690	853,200	27,297	61,515	33,003	622,454	568,318	619,308	715,417	260,241	165,182	229,727	90,015	90,075	613,987	503,185	451,486	130,522	345,471	248,130	767,433	594,628	791,974	501,419	636,258	31,984	100,046	32,555	20,401	166,899	115,839	146,763	45,694	21,595	205,757	36,322	28,406	36,360	83,057	89,012	38,127	18,806	59,789	13,358	14,609	33,329	45,057	54,731	10,866	8,180	35,083	39,300	32,400	25,500	25,600	19,400	18,900	15,200	20,200	22,800	26,900	23,000	21,200	20,500	20,600	19,500	21,900	23,300	23,100	20,900	21,400	19,100	17,900	10,700	21,100	20,100	24,300	20,000	12,600	34,300	36,400	11,300	11,300	33,400	48,600	47,100	44,600	0	0	0
Total Liab	3,109,245	3,088,730	3,076,086	3,082,911	3,363,482	3,366,431	3,356,239	3,874,646	3,961,124	4,656,391	4,674,703	4,997,516	3,857,202	3,893,412	3,845,683	3,916,554	3,776,776	3,948,768	4,062,001	4,032,462	3,980,556	4,058,964	3,992,063	3,967,947	4,016,831	3,900,186	3,842,841	3,801,180	4,028,349	3,991,130	3,980,199	3,831,407	3,824,218	3,847,456	3,781,805	2,962,302	3,015,862	3,004,907	2,987,274	2,037,950	1,987,677	2,030,887	1,936,414	1,927,124	2,101,434	1,975,484	2,050,393	1,937,986	1,910,442	1,693,789	1,630,396	1,767,617	1,264,679	1,146,940	1,130,668	1,080,705	1,087,276	1,038,971	750,625	689,143	765,516	606,422	445,889	566,938	452,484	431,401	431,254	427,909	565,308	665,312	588,733	568,398	581,671	572,317	597,779	555,156	557,063	501,637	504,496	508,414	576,194	496,647	477,405	472,526	405,874	356,792	354,495	346,197	292,679	74,393	110,389	108,263	108,263	234,401	230,649	235,112	244,594	242,900	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,336,891	2,441,526	2,509,389	2,583,819	2,638,611	2,706,055	2,789,625	2,900,733	2,662,390	2,298,882	2,390,189	2,426,177	2,619,222	2,514,044	2,754,840	2,650,997	2,877,050	2,823,479	3,036,709	2,960,761	3,179,870	3,233,993	3,443,573	3,248,163	3,277,188	3,111,418	3,160,917	3,237,039	3,199,405	3,238,968	3,285,568	3,322,744	3,359,760	3,505,540	3,566,221	3,574,793	2,952,407	2,984,215	3,029,581	2,740,718	2,776,989	2,776,443	2,812,217	2,884,145	2,646,568	2,670,811	2,416,159	2,445,835	2,472,606	2,309,524	2,103,022	2,107,422	2,127,977	1,852,772	1,862,559	1,885,317	1,900,650	1,916,065	1,809,573	1,819,399	1,731,358	1,742,620	1,753,176	1,370,034	1,249,410	1,145,537	1,153,377	1,163,023	1,019,466	894,433	901,824	912,159	917,977	868,086	875,634	881,692	890,667	798,536	803,791	810,390	727,906	731,426	739,135	746,534	752,326	755,617	761,346	768,849	574,624	459,861	422,307	422,310	0	398,187	400,846	401,366	409,406	427,500	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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
Begin Period Cash Flow	688,302	1,016,945	90,849	52,224	70,071	47,321	31,749	37,656	27,594	39,233	42,382	23,560	10,866	10,494	5,990	43,521	5,464	14,642	3,409	3,530	8,654	352,026	515	17,091	139	0
Capital Expenditures	235,007	299,387	227,605	185,585	18,812	99,091	221,435	292,869	1,202,380	1,263,199	245,573	365,859	38,663	467,441	0	0	110,238	133,132	97,480	137,748	179,391	622,462	2,176	2,300	0	2
Cash And Cash Equivalents Changes	0	-328,643	926,096	38,625	-17,847	22,750	0	0	10,062	-11,639	-3,149	18,822	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	59,020	-34,471	-98,223	36,901	-9,373	0	0	66,739	163,872	182,630	134,571	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-441,341	-328,643	926,096	38,625	-17,847	22,750	-511	-5,907	10,062	-11,639	-3,149	18,822	12,694	372	4,504	-37,531	38,057	-9,178	11,233	-121	-5,124	-343,372	351,511	-16,576	16,952	139
Change In Working Capital	-27,838	1,637	-65,116	-13,175	-50,885	3,096	30,137	3,267	1,036	13,709	-9,574	4,057	4,938	-3,266	2,258	6,828	-2,323	-3,524	2,707	-1,743	-5,177	19,136	-19,044	-10,514	-2,996	-4,297
Change Receivables	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	-4,384	-3,270	-1,336	-2,520	-11,327	7,775	-6,079	339	-3,363	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,168	0	-1,613	-1,014	-5,821	3,275	-5,825	25	-3,036	0
Change To Liabilities	0	-1,435	6,786	20,692	-52,679	6,682	0	0	16,564	12,841	4,559	5,370	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-330,102	-500,103	92,213	69,444	-189,339	-42,209	-6,374	-18,381	-15,200	-44,009	-5,019	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	1,637	-65,116	-13,175	-50,885	3,096	42,391	941	1,036	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	284,083	239,525	263,920	262,742	282,234	280,448	271,512	282,890	253,723	183,069	157,481	143,053	113,172	91,300	79,589	63,008	47,384	44,073	45,906	41,408	35,728	31,596	19,431	20,140	22,247	18,297
Dividends Paid	9,595	9,568	9,540	42,825	199,719	370,746	370,608	370,489	356,390	305,767	288,945	259,537	223,529	184,757	171,472	144,414	112,562	93,374	87,722	77,791	72,472	67,368	37,388	38,947	47,520	60,403
End Period Cash Flow	246,961	688,302	1,016,945	90,849	52,224	70,071	31,238	31,749	37,656	27,594	39,233	42,382	23,560	10,866	10,494	5,990	43,521	5,464	14,642	3,409	3,530	8,654	352,026	515	17,091	139
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
Free Cash Flow	-224,524	-40,353	-63,323	158,544	265,845	491,931	185,615	133,938	-796,859	-912,298	61,130	-82,557	294,222	-252,136	209,392	184,460	25,660	-20,797	6,742	-42,560	-99,772	-523,351	15,228	28,723	64,085	60,234
Investments	-246,851	671,807	367,044	-2,239	104,983	99,091	-221,435	-292,869	-10,715	0	0	38,000	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
Net Borrowings	0	-666,259	778,994	-14,195	-148,262	-77,002	-44,964	243,582	514,742	884,444	-129,697	35,864	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-293,572	-15,774	179,926	-134,307	-82,878	292,414	151,803	141,295	123,968	158,637	151,164	135,884	151,419	116,485	109,715	106,511	87,329	68,493	58,705	56,742	45,874	52,013	17,018	58,437	14,834	46,236
Other Cashflows From Financing Activities	450,680	-27,192	-32,695	-28,046	-22,000	-25,468	229,787	-12,486	1,835,864	-8,039	-3,326	-12,608	-13,760	193,191	-12,233	96,674	-21,750	-53,722	-3,643	184,000	380,033	-4,119	-6,660	49,000	200,000	306
Other Cashflows From Investing Activities	0	15,288	103,257	147,388	254,241	332,389	55,068	33,866	2,782	26,500	92,550	1,041	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	47,810	-265,741	-442,053	43,284	117,374	-183,118	-46,402	-645	26,794	-4,514	7,632	308	-13,970	10,786	17,830	8,113	3,508	3,293	-3,096	-1,219	3,194	-3,634	-1	-37,040	30,000	0
Sale Purchase Of Stock	-393	-171	-383	-171	-299	-411	-341	-452	-212	1,568,915	275,000	1,019,000	1,231,984	461,000	716,934	412,259	87,000	213,000	143,000	0	0	424,100	323,101	0	0	0
Stock Based Compensation	0	1,733	1,960	1,568	1,388	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	-249,713	-675,998	746,723	-79,483	-369,863	-469,181	-186,126	-139,845	817,636	901,484	-156,829	63,379	599,217	251,134	351,911	619,581	12,397	4,740	-8,046	36,539	93,760	188,286	352,763	-141,947	-47,520	-60,403
Total Cash From Operating Activities	10,483	-40,353	-63,323	158,544	265,845	392,840	407,050	426,807	405,521	350,901	306,703	283,302	255,559	215,305	209,392	184,460	135,898	112,335	104,222	95,188	79,619	99,111	17,404	31,023	64,085	60,236
Total Cashflows From Investing Activities	0	387,708	242,696	-40,436	86,171	99,091	-221,435	-292,869	-1,213,095	-1,264,024	-153,023	-327,859	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
Begin Period Cash Flow	279,105	357,083	382,669	688,302	800,805	868,402	1,491,996	1,016,945	811,437	908,089	1,170,005	90,849	98,375	93,768	85,236	52,224	63,449	61,166	54,752	70,071	155,992	139,361	53,241	47,321	28,870	27,160	32,272	31,749	40,773	25,633	39,199	37,656	61,408	52,231	77,794	27,594	80,750	79,392	32,967	39,233	52,258	37,336	38,989	42,382	20,985	20,405	25,302	23,560	26,845	28,082	14,810	10,866	8,513	25,230	5,486	10,494	72,487	5,373	5,566	5,990	7,191	185,940	5,192	43,521	3,645	8,924	17,358	5,464	1,527	2,747	1,247	14,642	1,856	7,207	3,564	3,409	2,894	4,814	3,799	3,530	4,880	5,460	14,286	8,654	14,054	15,536	4,320	352,026	8,084	5,554	13,718	7,028	7,028	10,770	12,870	17,091	200	168	167	139
Capital Expenditures	66,607	60,466	47,642	60,292	110,269	72,478	60,849	55,791	101,463	42,674	39,463	44,005	26,641	34,739	18,957	26,641	105,979	23,157	58,326	43,308	37,852	24,892	81,486	80,349	97,498	51,724	27,716	44,497	61,070	5,271	180,348	46,180	16,392	48,684	616,170	521,134	81,737	18,688	1,098,023	64,751	59,978	84,370	22,004	76,671	285,414	141,532	111,032	32,850	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	61,994	61,994	3,782	27,963	3,741	102,939	2,161	8,182	24,466	90,826	20,995	6,570	61,000	70,185	286	308	551,683	315	661	1,629	2,121	2,121	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	-25,586	-305,633	-112,503	-67,597	-623,594	475,051	205,508	-96,652	-261,916	1,079,156	-7,526	4,607	8,532	33,012	0	2,283	6,414	-15,319	0	0	0	0	0	0	0	0	0	0	-13,566	1,543	0	9,177	-25,563	50,200	0	1,358	46,425	-6,266	0	14,922	-1,653	-3,393	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,401	6,183	3,768	-14,617	41,970	27,899	-17,298	-11,861	10,727	-16,039	-15,920	-26,888	-1,181	-54,234	0	-17,391	78,125	-30,319	0	0	0	0	0	0	0	0	0	0	-22,250	37,374	0	32,335	40,500	34,898	0	30,194	40,737	44,395	0	39,917	43,597	28,969	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
Change In Cash	-32,144	-77,978	-25,586	-305,633	-112,503	-67,597	-623,594	475,051	205,508	-96,652	-261,916	1,079,156	-7,526	4,607	8,532	33,012	-11,225	2,283	6,414	-15,319	-85,921	16,631	86,120	5,920	2,368	1,710	-5,112	523	-9,024	15,140	-13,566	1,543	-23,752	9,177	-25,563	50,200	-53,156	1,358	46,425	-6,266	-13,025	14,922	-1,653	-3,393	21,397	580	-4,897	1,742	-3,285	-1,237	13,272	3,944	2,353	-16,717	19,744	-5,008	-61,993	67,114	-193	-424	-1,201	-178,749	180,748	-38,329	39,876	-5,279	-8,434	11,894	3,937	-1,220	1,500	-13,395	12,786	-5,351	3,643	155	515	-1,920	1,015	269	-1,350	-580	-8,826	5,632	-5,400	-1,482	11,216	-347,706	343,942	2,530	-8,164	-6,513	-6,513	-3,742	-2,100	-4,221	16,891	32	1	28
Change In Working Capital	-17,922	-19,381	13,905	-4,440	-9,529	9,921	-12,997	14,242	-38,439	-35,717	-16,058	25,098	-24,929	34,656	-6,577	-16,325	-5,498	-1,869	-1,057	-42,461	-13,422	22,878	5,135	-11,495	-366	24,854	-8,005	13,654	-28,879	26,311	-12,606	18,441	-31,687	1,977	16,871	13,875	-25,041	18,029	8,796	11,925	-28,419	19,370	771	-1,296	-34,839	26,319	8,201	4,376	11,034	-22,192	10,155	5,941	-8,879	3,399	3,339	-1,125	-10,056	5,058	5,237	2,019	-5,892	5,636	6,165	919	-2,426	6,295	-4,898	-1,294	-2,211	2,511	-2,880	-944	-3,044	-356	5,956	151	-4,328	-72	1,133	1,524	1,026	115	1,026	-7,344	11,297	-9,450	9,182	8,107	-8,825	-9,752	418	-14,360	22,100	6,089	-709	-1,534	1,804	-4,569	-1,488	1,257
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-878	0	0	878	-3,840	4,424	-7,954	2,986	-3,746	6,131	-7,028	1,373	-7,986	-137	4,140	2,647	-2,850	-1,807	138	1,999	-7,717	-506	-6,124	3,020	4,470	-4,712	4,919	3,098	-5,049	3,026	2,480	-1,910	-1,910	6,977	-2,246	-2,482	-2,263	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-12,330	0	0	-1,801	267	3,729	-2,107	-5,057	2,280	-1,139	539	-5,204	-5,206	-2,697	8,076	-1,786	-1,713	-2,007	3,277	-571	-2,580	726	3,377	0	-4,564	0	9,408	7,881	-8,193	-2,170	13,459	-3,821	0	5,365	-302	-1,217	45,776	0	0	0
Change To Liabilities	0	0	1,529	-17,985	-8,980	27,254	-15,193	-4,516	-7,500	-10,949	-24,415	49,650	-30,420	0	-19,174	23,108	0	13,640	-16,289	-36,599	0	0	0	0	0	0	0	0	0	0	-17,971	18,475	0	7,793	13,360	18,766	0	24,732	5,328	6,831	0	17,577	-3,657	4,970	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,679	3,628	1,816	6,030	-2,565	-330,801	-464,104	-2,080	-26,434	-1,571	-7,304	52,735	29,016	6,356	64,328	26,704	-17,104	3,047	166,703	0	0	0	0	0	0	0	0	0	-9,724	-5,617	0	-6,198	-4,241	-3,686	0	-2,914	-4,869	-1,642	0	-2,071	-3,143	-605	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	-4,440	-9,529	9,921	-12,997	14,242	-38,439	-35,717	-16,058	25,098	-24,929	34,656	-6,577	-16,325	-5,498	-1,869	-1,057	-42,461	-13,422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	83,653	67,258	68,419	64,489	63,394	60,449	58,318	57,364	66,740	66,854	66,039	64,287	63,835	65,355	66,995	66,557	67,634	71,526	72,369	70,705	70,438	70,168	70,884	68,958	66,012	65,266	68,350	71,884	71,747	71,107	70,067	69,969	70,950	68,931	61,333	52,509	49,047	48,811	46,134	39,077	39,414	39,334	39,436	39,297	38,566	35,880	34,684	33,923	31,052	28,824	26,935	26,361	23,406	22,728	22,602	22,564	20,355	20,723	19,962	18,549	17,687	15,913	14,268	13,023	12,264	11,821	11,704	11,595	11,442	10,978	10,467	11,186	11,750	11,590	11,289	11,277	10,814	11,322	9,687	9,585	9,171	9,013	8,891	8,653	8,381	7,989	8,078	7,148	4,894	4,861	4,934	4,761	4,761	5,062	5,142	5,175	5,547	5,493	5,600	5,607
Dividends Paid	2,403	2,398	2,397	2,397	2,397	2,391	2,390	2,390	2,390	2,384	2,383	2,383	2,382	2,380	2,379	35,684	35,685	35,661	35,659	92,714	92,715	92,681	92,676	92,674	92,676	92,648	92,642	92,642	92,643	92,618	92,614	92,614	92,620	92,585	91,655	79,530	79,515	79,469	73,397	73,386	73,386	73,353	73,349	68,857	68,857	67,061	61,813	61,806	61,805	56,748	52,490	52,486	47,168	45,868	45,865	45,856	45,856	43,367	42,159	40,090	40,086	40,071	33,215	31,042	29,292	28,442	28,439	26,389	23,714	23,700	22,980	22,980	21,940	21,932	21,931	21,919	20,319	19,676	19,675	18,121	18,120	18,121	18,115	18,116	18,115	18,115	18,111	13,027	13,026	8,813	7,774	7,775	7,775	7,771	7,801	15,600	80	14,633	15,067	17,900
End Period Cash Flow	246,961	279,105	357,083	382,669	688,302	800,805	868,402	1,491,996	1,016,945	811,437	908,089	1,170,005	90,849	98,375	93,768	85,236	52,224	63,449	61,166	54,752	70,071	155,992	139,361	53,241	31,238	28,870	27,160	32,272	31,749	40,773	25,633	39,199	37,656	61,408	52,231	77,794	27,594	80,750	79,392	32,967	39,233	52,258	37,336	38,989	42,382	20,985	20,405	25,302	23,560	26,845	28,082	14,810	10,866	8,513	25,230	5,486	10,494	72,487	5,373	5,566	5,990	7,191	185,940	5,192	43,521	3,645	8,924	17,358	5,464	1,527	2,747	1,247	14,642	1,856	7,207	3,564	3,409	2,894	4,814	3,799	3,530	4,880	5,460	14,286	8,654	14,054	15,536	4,320	352,026	8,084	5,554	515	515	7,028	10,770	12,870	17,091	200	168	167
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
Free Cash Flow	-73,816	-14,031	25,681	6,042	-3,405	-77,570	-85,441	-7,264	-50,125	-40,244	-7,776	34,822	26,206	48,306	54,361	29,671	176,154	46,639	26,033	-1,793	68,966	82,006	176,576	164,383	-14,838	71,116	59,056	70,281	23,341	120,954	-86,988	76,631	68,288	55,622	-503,772	-416,997	-12,359	83,833	-1,009,138	25,366	-1,455	12,878	55,232	-2,975	329,704	-49,049	-36,877	39,524	83,589	38,787	68,122	65,061	53,894	54,709	54,693	52,009	48,853	52,619	55,279	52,641	50,735	50,367	45,605	37,753	38,264	39,246	29,747	28,641	33,153	29,352	23,921	25,909	-39,981	21,582	3,589	21,552	-79,940	20,956	15,986	438	-66,538	-888	14,836	-47,182	-35,508	9,985	28,422	-526,250	1,663	1,292	6,473	-8,297	-8,297	14,297	11,701	11,201	16,685	14,592	14,973	17,835
Investments	-51,265	-60,466	-33,636	-56,744	108,424	-80,509	-60,639	643,892	367,044	-42,474	54,892	-35,303	1,700	-34,739	287	-2,526	112,405	98,557	-58,326	-43,308	98,557	0	0	0	0	0	0	0	0	0	0	0	0	0	6,571	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	-15,207	-252,528	-10,690	-15,952	-535,973	-103,643	-2,056	-5,704	-300,779	1,087,714	-824	-734	-57,070	44,813	-152,407	-101,886	21,757	84,691	-57,078	0	0	0	0	0	0	0	0	0	166,036	17,526	0	46,418	580,069	-113,023	0	-3,104	806,921	41,754	0	75,397	16,510	-193,420	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-102,564	-65,779	-72,571	-52,658	-65,322	-81,492	-109,383	240,423	366,758	-88,004	-32,645	-66,183	-14,920	-105,788	-24,742	11,143	-50,620	-27,946	-35,816	31,504	-117,182	47,203	124,988	237,405	66,328	35,792	17,402	32,281	42,886	27,902	39,235	31,272	9,543	38,249	36,387	39,789	45,287	37,114	37,656	38,580	72,207	38,124	5,598	35,235	44,636	25,645	33,251	32,352	38,600	29,996	51,048	31,775	33,864	28,078	24,559	29,984	32,106	15,565	30,511	31,533	32,368	29,147	21,680	23,316	26,519	20,613	22,399	17,798	23,404	15,417	14,005	15,667	15,686	14,130	15,024	13,865	16,513	12,919	14,041	13,269	13,565	10,449	9,801	12,059	14,164	13,142	13,087	11,620	5,910	5,522	2,750	39,235	39,235	4,374	7,268	7,560	-21,366	14,368	10,861	10,971
Other Cashflows From Financing Activities	61,493	-60,466	-67	-1,990	4	-1	-24,390	-2,805	-6,746	-10,437	-5,811	1,282,799	-5,657	-5,704	-10,697	-5,988	-5,706	-5,107	-5,684	172,497	-5,090	-5,171	107,886	-10,093	-5,118	-11,940	398,021	349,813	-470	781,218	241,867	339,483	991,778	-2,683	-940	-583	480,001	-1	990,876	90,000	-74	111,996	-27	-221	159,578	700,160	149,775	283,931	-3,887	472,333	312,373	290,247	-3,340	11,931	197,683	29,417	-898	-9,056	-1,540	-739	209,082	103,315	20,536	176,000	43,250	-15,667	-7,523	22,000	100,759	89,300	43,000	47,000	122,077	9,458	56,000	9,992	131,000	10,000	14,000	29,000	110,999	29,849	157,185	82,000	-33	104,648	8,905	-639	-5,077	24,280	33,137	4,000	4,000	19,000	14,000	12,000	160	112	95	93
Other Cashflows From Investing Activities	0	0	14,006	3,548	-94,160	108,986	210	252	0	200	94,355	8,702	69,144	11,640	49,674	16,930	359,224	16,239	31,187	2,929	332,389	0	0	0	0	0	0	0	0	0	8,635	644	0	945	-15,028	250	0	675	14,675	2,400	0	2,550	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,624	3,871	6,329	-1,349	8,052	6,030	39,470	-319,293	-445,184	16,623	-25,112	11,620	-24,421	54,083	18,685	-5,063	58,659	28,085	48,863	-18,233	166,984	-33,351	-105,917	-210,834	-49,314	-3,072	9,025	-3,041	-1,343	905	-3,336	3,129	35,874	-4,851	-2,193	-2,036	85	-1,433	-3,701	535	-24,679	420	31,431	460	-4,073	4,639	-1,981	1,723	2,903	2,159	-20,016	984	5,503	504	4,193	586	6,448	11,273	-431	540	6,572	-329	3,492	495	1,907	517	542	542	518	446	2,329	-2,379	-2,379	1	-717	0	0	-1,052	-693	526	526	530	1,688	450	835	-1,410	-1,617	-1,442	-1	0	0	-35,812	-35,812	-1,228	0	30,700	30,700	-700	0	0
Sale Purchase Of Stock	-7	-353	-27	-6	-6	-160	0	-5	-2	-322	-59	-5,694	-5,585	-142	-8	-21	-7	-259	-33	-4	-4	-317	0	-90	-11	-330	0	0	-36	0	0	0	-212	297,788	695,000	515,000	0	98	322,864	0	376,813	0	45,000	261,859	0	0	0	0	394,657	0	0	0	418,500	0	0	0	70,000	527,934	87,000	32,000	522,907	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	272,310	0	0	230,000	243,607	32,494	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	0	0	10,239	0	1,733	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,330	-3,481	-17,631	-254,931	-13,093	-18,504	-538,363	-106,038	-9,948	-13,934	-309,032	1,079,637	-8,791	-8,960	-65,073	3,341	-193,805	-142,913	-19,619	-13,526	-154,887	-65,375	-90,456	-158,463	17,206	-69,406	-64,168	-69,758	-32,365	-105,814	73,422	-75,088	-91,342	-46,385	488,166	467,197	-40,797	-82,475	1,056,388	-31,632	-101,570	2,044	-56,885	-418	58,593	48,588	-6,020	-37,782	201,001	214,113	96,695	87,408	347,765	-35,998	-9,998	-50,635	11,188	352,019	9,517	-20,813	122,151	52,013	232,555	212,862	79,016	-28,858	-30,658	-7,103	18,116	37,273	-16,675	-33,974	44,830	-50,933	19,455	-21,398	80,455	-22,876	-20,871	-169	59,137	-292	-23,950	58,865	38,415	-11,467	-17,206	178,544	365,937	1,238	-14,637	-111,775	-111,775	11,229	-13,801	-27,600	80	-14,633	-15,067	-17,900
Total Cash From Operating Activities	-7,209	-14,031	25,681	6,042	-3,405	-5,092	-24,592	-7,264	-50,125	-40,244	-7,776	34,822	-435	48,306	54,361	56,312	70,175	69,796	84,359	41,515	106,818	106,898	95,090	84,034	82,660	122,840	86,772	114,778	84,411	126,225	93,360	122,811	84,680	104,306	112,398	104,137	69,378	102,521	88,885	90,117	58,523	97,248	77,236	73,696	44,290	92,483	74,155	72,374	83,589	38,787	68,122	65,061	53,894	54,709	54,693	52,009	48,853	52,619	55,279	52,641	50,735	50,367	45,605	37,753	38,264	39,246	29,747	28,641	33,153	29,352	23,921	25,909	22,013	25,364	31,552	25,293	22,999	23,117	24,168	24,904	24,288	20,107	21,406	13,818	34,677	10,271	28,730	25,433	1,978	631	8,102	-6,176	-6,176	14,297	11,701	11,201	16,685	14,592	14,973	17,835
Total Cashflows From Investing Activities	0	0	-33,636	-56,744	-96,005	-44,001	-60,639	588,353	265,581	-42,474	54,892	-35,303	1,700	-34,739	19,244	-26,641	112,405	75,400	-58,326	-43,308	-37,852	0	0	0	0	0	0	0	0	0	-180,348	-46,180	0	-48,744	-626,127	-521,134	0	-18,688	-1,098,848	-64,751	0	-84,370	-22,004	-76,671	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Cost Of Revenue	1,458,234	1,109,070	1,091,812	1,236,357	489,070	451,581	413,430	399,790	377,579	324,564	299,878	201,263	68,967	19,195	14,273	2,792	85,303	21	5,931	0	0	106,837	0	0	0	0
Depreciation And Amortization	284,083	239,280	271,131	270,147	289,025	286,235	276,861	287,831	257,783	185,391	153,026	141,456	113,265	91,300	79,589	63,008	47,384	44,073	45,906	41,408	35,728	31,596	19,431	20,140	22,247	18,297
Discontinued Operations	0	0	0	0	0	0	0	0	-952	1,362	-32,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	1,075,124	-75,290	6,817	113,150	225,973	294,130	281,232	324,272	282,523	296,411	276,588	272,039	243,334	208,701	196,385	146,133	129,910	129,034	113,345	97,359	86,093	82,223	40,150	18,973	33,602	65,529
Ebitda	1,359,207	163,990	277,948	383,297	514,998	580,365	558,093	612,103	540,306	481,802	429,614	413,495	356,599	300,001	275,974	209,141	177,294	173,107	159,251	138,767	121,821	113,819	59,581	39,113	55,849	83,826
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
Extraordinary Items	0	0	0	0	0	0	0	0	-952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,103,982	174,496	291,400	395,669	551,085	665,583	661,389	658,232	621,194	520,323	461,560	443,579	381,050	319,814	283,507	232,745	102,719	179,785	157,256	148,523	131,148	15,460	279,012	75,522	90,790	88,306
Income Before Tax	-272,666	-21,119	181,356	-133,057	-82,842	292,374	105,594	137,521	125,474	156,688	183,997	136,259	151,731	116,785	109,715	106,511	85,303	66,101	58,705	56,742	45,874	50,184	16,453	73,803	0	0
Income Tax Expense	445	710	1,430	1,250	436	476	454	424	574	576	600	375	312	300	71,537	39,888	41,181	54,987	47,671	41,836	39,059	84,052	15,233	-12,049	18,768	19,293
Interest Expense	191,775	209,383	255,759	201,483	180,112	179,287	165,019	167,574	150,881	135,114	117,819	117,240	98,262	80,017	56,404	40,154	0	47,020	46,633	0	35,088	0	0	15,366	0	0
Interest Income	21,741	15,929	20,635	18,221	941	667	406	430	147,729	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	-1,173	5,411	123,385	140,531	156,758	172,238	172,238	172,238	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-293,572	-21,829	174,515	-134,307	-83,278	286,872	147,610	141,295	123,968	158,637	151,164	135,884	151,419	116,485	109,715	106,511	85,303	66,101	58,705	56,742	45,874	50,184	17,018	58,437	14,834	46,236
Net Income Applicable To Common Shares	0	-15,774	174,515	-139,453	-88,234	286,872	147,610	141,295	123,968	158,637	151,164	135,884	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	-256,330	-21,829	174,515	-139,453	-88,634	286,356	105,748	137,234	124,920	156,199	146,339	135,884	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-170,522	-193,454	-235,124	-183,262	-179,171	-178,620	-164,613	-167,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	313,803	468,265	58,387	-905	242,353	0	0	-1,495	500	37,640	-5,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	2,605	17,332	107,786	128,303	-66,540	0	0	7,047	4,597	11,367	12,465	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,075,124	-75,290	6,817	113,150	225,973	293,463	275,197	303,083	313,534	291,389	264,510	258,141	227,515	203,930	109,318	106,245	123,458	113,142	99,407	97,359	84,933	82,223	24,352	46,388	33,602	65,529
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
Other Operating Expenses	1,487,092	1,374,785	1,397,030	1,537,097	815,123	823,701	793,993	734,180	678,192	548,901	485,561	374,236	208,273	131,469	116,528	89,138	61,538	58,718	56,811	51,164	46,215	40,074	246,761	29,134	57,188	22,777
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	263,560	239,525	271,131	262,742	282,234	280,448	271,512	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
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,327	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	26,131	26,435	34,087	30,593	37,028	85,885	103,702	46,559	42,830	38,946	32,657	31,517	26,041	21,865	20,345	17,136	14,154	14,645	13,117	11,863	10,487	8,479	4,129	8,994	4,941	4,480
Tax Provision	244	710	1,430	1,250	436	476	454	424	574	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	28,858	265,715	305,218	300,740	326,053	372,120	380,563	334,390	300,613	224,337	185,683	172,973	139,306	112,274	102,255	89,138	61,538	58,718	56,811	51,164	46,215	40,074	246,761	29,134	57,188	22,777
Total Other Income Expense Net	-1,347,790	54,171	174,539	-246,207	-308,815	177,531	-10,619	-19,177	-44,605	-4,609	25,228	-18,224	6,798	-11,900	-15,133	266	-3,426	-7,946	-6,969	1,219	-1,160	52,013	-7,899	27,415	0	0
Total Revenue	2,562,216	1,283,566	1,383,212	1,632,026	1,040,155	1,117,164	1,074,819	1,058,022	998,773	844,887	761,438	644,842	450,017	339,009	297,780	235,537	188,022	179,806	163,187	148,523	131,148	122,297	279,012	75,522	90,790	88,306

	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
Cost Of Revenue	395,850	298,432	286,228	286,080	285,166	289,096	266,066	268,742	273,716	266,073	264,632	287,391	302,207	315,650	301,915	316,585	126,572	125,083	120,193	117,222	117,440	115,987	110,092	108,143	104,865	104,714	102,795	101,057	101,021	103,347	97,474	97,949	101,266	96,927	93,592	85,794	84,268	82,706	79,786	77,802	76,985	74,729	74,484	74,582	73,388	47,807	40,734	39,334	28,395	19,754	10,815	22,343	6,081	4,595	4,144	4,375	3,987	4,112	3,219	2,955	1,668	1,024	0	0	-49,635	0	0	0	-124,741	0	0	0	-113,145	0	0	0	0	0	0	0	0	0	0	0	17,375	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	83,653	67,258	68,419	64,489	63,353	60,449	58,318	57,364	68,388	66,854	66,039	64,287	65,681	65,355	68,825	66,557	69,503	71,526	73,924	70,705	71,935	70,168	72,300	68,958	67,398	65,266	68,350	71,884	72,893	71,107	71,372	69,969	71,549	68,931	61,333	52,509	50,257	48,811	46,134	38,355	38,554	38,473	38,296	38,302	36,969	35,880	34,684	33,377	31,052	28,824	26,935	28,770	23,406	22,728	22,602	22,564	20,355	19,689	19,962	18,549	17,687	15,859	14,268	13,023	12,264	11,821	11,704	11,595	11,442	10,978	10,467	11,186	11,750	11,590	11,289	11,277	10,814	11,322	9,687	9,585	9,171	9,013	8,891	8,653	8,381	7,989	8,078	7,148	4,894	4,861	4,934	4,761	4,761	5,062	5,142	5,175	5,547	5,493	5,600	5,607
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	-711	-241	0	-557	741	1,300	0	1,231	-26,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	1,110,532	-12,855	-10,553	-6,217	-8,229	-28,663	-16,240	-22,158	-13,136	-3,405	22,582	6,339	19,773	6,480	39,995	50,631	51,574	49,852	59,257	68,657	95,495	62,030	65,838	73,650	60,573	76,944	71,022	76,657	88,862	77,511	80,733	79,658	46,107	79,158	80,945	79,775	84,677	75,050	71,365	67,155	76,854	66,371	66,456	68,146	76,636	66,957	63,789	65,204	72,553	58,581	56,422	60,017	62,558	48,550	49,082	48,511	85,691	54,012	41,218	42,309	128,343	28,615	37,377	32,834	38,798	29,836	29,809	31,467	45,035	27,251	30,165	27,038	37,175	26,040	24,325	25,088	96,222	379	23,077	23,639	23,805	20,596	20,624	19,908	17,619	21,858	21,635	21,111	16,243	6,422	4,590	14,591	14,591	8,570	11,192	12,035	-50,998	28,100	15,877	15,947
Ebitda	1,194,185	54,403	57,866	58,272	55,124	31,786	42,078	35,206	55,252	63,449	88,621	70,626	85,454	71,835	108,820	117,188	121,077	121,378	133,181	139,362	167,430	132,198	138,138	142,608	127,971	142,210	139,372	148,541	161,755	148,618	152,105	149,627	117,656	148,089	142,278	132,284	134,934	123,861	117,499	105,510	115,408	104,844	104,752	106,448	113,605	102,837	98,473	98,581	103,605	87,405	83,357	88,787	85,964	71,278	71,684	71,075	106,046	73,701	61,180	60,858	146,030	44,474	51,645	45,857	51,062	41,657	41,513	43,062	56,477	38,229	40,632	38,224	48,925	37,630	35,614	36,365	107,036	11,701	32,764	33,224	32,976	29,609	29,515	28,561	26,000	29,847	29,713	28,259	21,137	11,283	9,524	19,352	19,352	13,632	16,334	17,210	-45,451	33,593	21,477	21,554
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
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
Gross Profit	1,117,593	58,092	59,991	59,950	51,719	33,824	46,962	41,991	63,015	71,343	81,709	75,333	82,702	78,689	108,396	125,882	129,467	130,744	141,810	149,064	167,782	162,982	167,156	167,672	173,701	161,965	162,218	163,504	173,275	160,636	163,893	160,426	166,253	158,348	153,810	142,783	145,541	134,167	126,922	113,695	123,351	112,536	112,444	114,847	120,776	110,826	106,238	105,739	109,520	93,523	89,933	95,091	90,755	76,366	76,621	76,072	83,258	68,253	66,366	65,630	71,253	58,649	53,390	49,553	102,719	45,224	44,962	44,752	179,786	42,317	41,276	41,169	157,255	40,244	39,605	39,227	40,730	35,744	35,506	36,543	35,855	32,101	31,842	31,350	15,460	30,377	30,378	28,707	74,132	68,916	67,242	23,085	0	15,208	18,632	18,597	22,890	22,600	22,622	22,668
Income Before Tax	-79,900	-65,445	-75,279	-52,042	-62,827	-83,606	-113,227	238,541	367,164	-87,409	-32,454	-65,945	-14,718	-105,423	-23,616	10,700	-49,920	-28,175	-35,981	31,234	-116,784	46,450	44,324	56,467	20,352	35,871	17,127	32,245	42,961	28,009	35,263	31,289	9,783	38,419	37,204	40,068	46,817	37,571	34,172	38,133	80,719	37,019	32,121	35,375	44,721	25,689	33,294	32,556	38,547	30,203	51,135	34,653	33,941	28,147	24,635	30,062	109,715	15,565	30,511	31,533	106,511	29,147	21,680	23,316	85,303	20,613	20,649	17,522	66,101	15,418	12,686	10,460	58,705	14,129	15,033	13,865	56,742	12,919	14,041	13,269	45,874	10,449	9,801	12,059	50,184	19,749	19,506	19,002	0	0	0	0	0	0	0	0	0	0	0	0
Income Tax Expense	66	189	221	-31	-135	13	-640	1,472	406	595	191	238	202	365	1,126	-443	483	-146	-35	134	32	79	105	260	154	109	99	92	106	119	108	94	189	146	129	110	74	156	155	191	195	125	140	140	85	43	43	204	-53	207	87	71	77	69	76	78	77,609	27,198	0	0	74,143	-266	12,757	0	58,784	0	0	11,919	43,771	0	14,740	-5,207	43,027	0	10,726	0	40,229	0	10,255	0	32,309	0	9,663	0	35,358	8,013	10,336	8,788	10,333	900	1,840	-24,644	0	4,196	3,924	4,475	-29,632	16,000	5,016	4,976
Interest Expense	48,853	47,758	47,384	47,780	49,341	46,936	55,975	57,131	63,518	64,493	67,657	60,091	57,768	58,091	43,974	41,650	43,272	44,817	46,412	45,611	45,506	45,416	44,813	43,552	40,625	40,105	40,800	43,488	43,737	43,438	41,118	39,280	38,043	38,989	37,907	35,942	35,901	36,201	34,112	28,900	29,284	29,405	29,567	29,564	29,814	30,417	28,120	28,889	27,425	24,730	23,361	25,198	20,862	20,226	20,515	18,414	18,972	15,949	10,707	10,776	11,220	9,606	9,810	0	9,160	0	9,160	0	12,269	0	0	12,048	12,048	0	11,443	0	10,370	0	0	10,370	9,538	9,444	0	0	6,439	0	6,439	0	0	0	0	2,771	2,771	0	0	0	0	0	0	0
Interest Income	2,964	3,243	5,134	4,195	9,169	4,099	2,266	395	786	976	16,038	2,835	10,213	134	7,736	138	351	238	238	21,642	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,173	1,339	114,960	1,322	123,385	127,662	131,886	136,172	140,531	144,743	148,406	152,677	156,758	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-102,564	-65,779	-72,571	-52,011	-62,692	-83,619	-112,587	240,423	365,585	-89,343	-34,222	-67,505	-16,228	-106,888	-26,072	9,735	-51,697	-29,390	-37,229	30,082	-118,543	45,805	123,587	236,022	65,000	34,414	16,042	32,155	42,885	27,903	39,233	31,272	9,544	38,249	36,387	39,789	45,288	37,112	37,659	38,580	72,206	38,125	5,598	35,235	44,636	25,646	33,251	32,352	38,600	29,996	51,048	34,582	33,864	28,078	24,559	29,984	32,106	15,565	30,511	31,533	32,368	29,147	21,680	23,316	26,519	20,613	20,649	17,522	22,331	15,418	12,686	15,667	15,686	14,129	15,033	13,865	16,513	12,919	14,041	13,269	13,565	10,449	9,801	12,059	14,826	13,142	10,596	11,620	5,910	5,522	2,750	39,235	39,235	4,374	7,268	7,560	-21,366	12,100	10,861	10,971
Net Income Applicable To Common Shares	0	0	-72,571	-52,658	-65,322	-81,492	-109,383	240,423	365,585	-89,343	-34,222	-67,505	-16,228	-106,888	-26,072	9,735	-51,697	-29,390	-37,229	30,082	-118,543	0	0	0	0	0	0	0	0	0	39,233	31,272	0	38,249	36,387	39,789	0	37,112	37,659	38,580	0	38,125	5,598	35,235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	-102,564	-65,779	-75,500	-52,011	-62,692	-83,619	-112,587	237,069	361,347	-88,004	-32,645	-66,183	-16,228	-105,788	-26,072	9,735	-50,620	-29,473	-37,359	29,678	-117,182	0	0	0	0	0	0	0	0	0	35,172	31,272	0	38,249	37,098	40,030	0	37,453	34,135	37,845	0	36,894	31,981	35,235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-45,889	-44,515	-42,250	-43,585	-40,172	-42,837	-53,709	-56,736	-62,732	-63,517	-51,619	-57,256	-47,555	-57,957	-36,238	-41,512	-42,921	-44,579	-46,174	-45,497	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,063	3,706	14,890	1,182	-24,776	322,507	446,931	-13,579	42,579	-7,666	33,862	12,433	19,361	-7,269	0	4,544	-46,265	23,328	0	0	0	0	0	0	0	0	0	0	4,255	135	0	12	126	-1,262	0	116	272	8	0	555	371	249	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,342	6,018	779	289	609	928	2,327	3,108	12,071	-174	372	64,255	31,262	11,897	0	35,591	3,116	14,020	0	0	0	0	0	0	0	0	0	0	5,141	7,829	0	644	4,617	1,158	0	15	2,512	122	0	396	4,663	3,207	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,110,532	-113,726	-120,176	-6,217	-8,229	-28,663	-16,240	-22,158	429,509	-6,229	4,695	1,638	9,560	4,490	32,259	48,620	51,223	47,772	59,019	67,018	95,190	55,713	65,153	72,195	60,235	75,463	64,545	74,954	86,377	70,783	75,415	70,511	83,809	77,372	75,008	77,344	82,641	73,694	68,130	66,928	73,653	65,869	61,317	64,690	73,816	62,297	61,111	60,918	65,464	54,443	53,308	59,725	59,198	48,026	48,459	48,247	67,627	15,565	41,218	42,309	34,424	28,881	21,680	32,834	36,398	29,836	29,809	27,415	34,621	27,251	24,232	27,038	22,520	26,040	25,759	25,088	96,222	379	23,077	23,639	23,805	20,596	20,624	19,908	21,837	20,452	20,209	19,705	8,344	6,422	4,590	14,591	14,591	8,570	11,192	12,035	-50,998	28,100	15,877	15,947
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
Other Operating Expenses	402,911	372,622	361,906	356,753	354,283	355,682	331,534	333,286	350,653	343,645	341,646	361,086	375,349	389,849	378,052	393,847	204,816	208,055	202,984	199,268	190,032	218,680	211,470	203,600	218,076	191,216	195,386	189,315	185,533	187,798	180,811	180,035	183,081	177,259	167,777	150,075	145,221	143,164	136,066	124,447	123,581	121,000	120,948	121,532	117,768	92,039	84,032	80,396	65,963	55,186	44,626	57,543	34,753	32,649	31,902	32,165	19,618	29,602	28,367	26,276	23,894	30,792	18,960	16,719	15,686	15,388	15,153	15,311	15,217	15,066	14,305	14,131	14,621	14,204	13,846	14,139	55,492	35,365	12,429	12,904	12,050	11,505	11,218	11,442	13,107	9,222	9,466	8,299	57,889	62,494	62,652	8,494	8,494	6,638	7,440	6,562	73,888	5,500	6,745	6,721
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	83,675	67,258	68,419	64,489	63,394	60,449	58,318	57,364	68,388	66,854	66,039	64,287	63,835	65,355	66,995	66,557	67,634	71,526	72,369	70,705	70,438	70,168	70,884	68,958	66,012	65,266	68,350	71,884	71,747	71,107	70,067	69,969	70,950	68,931	61,333	52,509	49,047	48,811	46,134	39,077	39,414	39,334	39,436	39,297	38,566	35,880	34,684	33,923	31,052	28,824	26,935	26,361	23,406	22,728	22,602	22,564	20,355	20,723	19,962	18,549	17,687	15,913	14,268	13,023	12,264	11,821	11,704	11,595	11,442	10,978	10,467	11,186	11,750	11,590	11,289	11,277	10,814	11,322	9,687	9,585	9,171	9,013	8,891	8,653	8,381	7,989	8,078	7,148	4,894	4,861	4,934	4,761	4,761	5,062	5,142	5,175	5,547	5,493	5,600	5,607
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
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	19,618	0	0	462	0	0	0	0	9,534	0	1,282	112	4,507	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	6,020	6,954	7,284	5,873	5,764	6,179	7,207	7,285	8,549	8,870	9,126	7,542	7,461	6,988	7,312	8,832	8,741	9,604	8,867	9,816	657	31,032	29,078	25,118	45,813	19,883	22,922	15,083	11,619	12,107	11,965	10,863	10,266	10,316	11,674	10,574	10,696	10,384	9,577	8,290	8,042	7,798	8,168	8,648	7,411	8,352	8,068	7,685	26,041	6,608	6,876	6,134	5,402	5,549	5,413	5,501	14,544	5,801	5,231	4,820	9,137	4,303	4,685	3,696	3,422	3,567	3,449	3,716	3,775	4,088	3,383	3,400	3,355	3,281	3,087	3,393	3,005	2,797	2,742	3,319	2,879	2,492	2,327	2,789	2,618	1,936	2,071	1,854	3,227	1,081	3,269	3,733	3,733	1,576	2,298	1,387	1,541	1,200	1,145	1,114
Tax Provision	66	189	221	-31	-135	13	-640	1,472	406	595	191	238	202	365	1,126	-443	483	-146	-35	134	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,061	74,190	75,678	70,673	69,117	66,586	65,468	64,544	76,937	77,572	77,014	73,695	73,142	74,199	76,137	77,262	78,244	82,972	82,791	82,046	72,592	102,693	101,378	95,457	113,211	86,502	92,591	88,258	84,512	84,451	83,337	82,086	81,815	80,332	74,185	64,281	60,953	60,458	56,280	46,645	46,596	46,271	46,464	46,950	44,380	44,232	43,298	41,062	37,568	35,432	33,811	35,200	28,672	28,054	27,758	27,790	15,631	25,490	25,148	23,321	22,226	30,792	18,960	16,719	15,686	15,388	15,153	15,311	15,217	15,066	14,305	14,131	14,621	14,204	13,846	14,139	-55,492	35,365	12,429	12,904	12,050	11,505	11,218	11,442	13,107	9,222	9,466	8,299	57,889	62,494	62,652	8,494	8,494	6,638	7,440	6,562	73,888	-5,500	6,745	6,721
Total Other Income Expense Net	-1,190,432	-4,832	-17,342	-45,825	-54,598	-54,943	-96,987	260,699	443,818	-17,663	14,470	-10,327	23,277	-51,956	-19,637	3,592	-58,222	-31,368	-48,826	9,713	-166,773	31,329	23,299	27,750	404	385	-11,776	367	-2,164	-4,827	-4,352	-7,835	-36,718	-665	-4,656	-2,567	-1,959	-15	-2,512	-122	33,149	117	-4,689	-3,131	-2,021	-10,736	-1,753	-3,714	-6,460	-3,620	18,120	-129	-7,739	-142	-3,956	-63	-16,549	-11,249	-10,707	-10,776	-79,316	266	-2,940	-9,518	-1,400	-9,223	-9,160	-2,026	-5,207	-11,833	-2,739	-16,578	-7,686	-11,911	1,434	-11,223	48,314	12,540	1,219	-10,370	107,002	-10,147	-1,160	-7,849	112,379	-703	-703	-703	0	0	0	0	0	0	0	0	0	0	0	0
Total Revenue	1,513,443	356,524	346,219	346,030	336,885	322,920	313,028	310,733	336,731	337,416	346,341	362,724	384,909	394,339	410,311	442,467	256,039	255,827	262,003	266,286	285,222	278,969	277,248	275,815	278,566	266,679	265,013	264,561	274,296	263,983	261,367	258,375	267,519	255,275	247,402	228,577	229,809	216,873	206,708	191,497	200,336	187,265	186,928	189,429	194,164	158,633	146,972	145,073	137,915	113,277	100,748	117,434	96,836	80,961	80,765	80,447	87,245	72,365	69,585	68,585	72,921	59,673	53,390	49,553	53,084	45,224	44,962	44,752	55,045	42,317	41,276	41,169	44,110	40,244	39,605	39,227	40,730	35,744	35,506	36,543	35,855	32,101	31,842	31,350	32,835	30,377	30,378	28,707	74,132	68,916	67,242	23,085	23,085	15,208	18,632	18,597	22,890	22,600	22,622	22,668

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

Gross Profit (+$)
totalRevenue	2,562,216
Cost of Revenue	-1,458,234
Gross Profit	1,103,982	1,103,982

Operating Income (+$)
Gross Profit	1,103,982
Operating Expense	-28,858
Operating Income	1,075,124	1,075,124

Operating Expense (+$)
Research Development	0
Selling General Administrative	26,131
Selling And Marketing Expenses	0
Operating Expense	28,858	26,131

Net Interest Income (+$)
Interest Income	21,741
Interest Expense	-191,775
Other Finance Cost	-488
Net Interest Income	-170,522

Pretax Income (+$)
Operating Income	1,075,124
Net Interest Income	-170,522
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-272,666	2,422,914 EBIT - interestExpense = 883,349 -293,127 -101,797
Interest Expense	191,775
Earnings Before Interest and Taxes (EBIT)	1,075,124	-80,891
Earnings Before Interest and Taxes (EBITDA)	1,359,207

After tax Income (+$)
Income Before Tax	-272,666
Tax Provision	-244
Net Income From Continuing Ops	-256,330	-272,910
Net Income	-293,572
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	1,487,092
Total Other Income/Expenses Net	-1,347,790	170,522

Technical Analysis of Diversified Healthcare Trust
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 Diversified Healthcare Trust. The general trend of Diversified Healthcare Trust is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Diversified Healthcare Trust's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (-42.9%)		Bearish trend (42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Diversified Healthcare Trust.

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

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

The bullish price targets are: 2.805 < 3.55 < 3.7864.

The bearish price targets are: 2.25 > 2.1722 > 2.0128.

Tweet this

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current macd is -0.06599608.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current adx is 12.50.

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

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current sar is 2.77776.

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

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current rsi is 40.36. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current phase is Oversold in bear market.

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

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Diversified Healthcare Trust price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current cci is -70.70961193.

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current cmo is -25.30485761.

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

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

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current willr is -80.18018018.

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

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

Diversified Healthcare Trust 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 Diversified Healthcare Trust.

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current atr is 0.14408623.

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current obv is -68,949,298.

Diversified Healthcare Trust 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 Diversified Healthcare Trust. The current mfi is 51.78.

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

MFI > 50: +1

Diversified Healthcare Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Diversified Healthcare Trust.

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

6.3. Candlestick Patterns

Diversified Healthcare Trust Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Diversified Healthcare Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.361
Ma 20	Greater than	Ma 50	2.492
Ma 50	Greater than	Ma 100	2.693
Ma 100	Greater than	Ma 200	2.817
Open	Greater than	Close	2.350
Total			1/5 (20.0%)

Create your own Symbol Scanner

Get notifications about Diversified Healthcare Trust

I send you an email if I find something interesting about Diversified Healthcare Trust.

Diversified Healthcare Trust Buy, Hold or Sell?

Let's analyse Diversified Healthcare Trust together

Get notifications about Diversified Healthcare Trust

Quick analysis of Diversified Healthcare Trust (30 sec.)

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

$2.36

$9.72

$-22.43 - $-7.88

$-12.71 - $1.84

2. Growth of Diversified Healthcare Trust (5 min.)

Is Diversified Healthcare Trust growing?

How much money is Diversified Healthcare Trust making?

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

3. Financial Health of Diversified Healthcare Trust (5 min.)

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

What can you expect buying and holding a share of Diversified Healthcare Trust?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Diversified Healthcare Trust

About Diversified Healthcare Trust

Financial Health

Valuation

1.1. Profitability of Diversified Healthcare Trust.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Diversified Healthcare Trust.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Diversified Healthcare Trust.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Diversified Healthcare Trust.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Diversified Healthcare Trust

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Diversified Healthcare Trust
Buy, Hold or Sell?