Golar LNG Limited
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Let's analyse Golar LNG Limited together

Penke I guess you are interested in Golar LNG Limited. 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 Golar LNG Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Golar LNG Limited (30 sec.)

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

How much money do you get?

$1.19

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$24.88

Expected worth in 1 year

$23.04

How sure are you?

65.0%

+ What do you gain per year?

Total Gains per Share

$-0.64

Return On Investment

-2.6%

For what price can you sell your share?

Current Price per Share

$24.69

Expected price per share

$23.34 - $27.57

How sure are you?

50%

1. Valuation of Golar LNG Limited (5 min.)

Live pricePrice per Share (EOD)

$24.69

Book Value per Share

$24.88

Intrinsic Value Per Share

$-66.66 - $28.17

Total Value Per Share

$-41.78 - $53.05

My calculation of the intrinsic value of Golar LNG Limited 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: ($-0.96) 3Y: ($-0.24) TTM: ($-0.48)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.05) 3Y: ($-0.07) TTM: ($-0.47)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-4.36	$-0.40	$-4.93 - $-0.08
2	$-9.46	$0.04	$-6.01 - $0.78
3	$-15.19	$1.26	$-7.09 - $1.65
4	$-21.47	$3.22	$-8.17 - $2.51
5	$-28.22	$5.88	$-9.25 - $3.37
6	$-35.37	$9.18	$-10.32 - $4.23
7	$-42.84	$13.11	$-11.40 - $5.10
8	$-50.58	$17.60	$-12.48 - $5.96
9	$-58.54	$22.64	$-13.56 - $6.82
10	$-66.66	$28.17	$-14.64 - $7.68

2. Growth of Golar LNG Limited (5 min.)

Is Golar LNG Limited growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.6b	$2.6b	-$44.1m	-1.7%

How much money is Golar LNG Limited making?

	Current year	Previous year	Grow	Grow %
Making money	-$9.7m	$112.3m	-$122.1m	-1,253.3%
Net Profit Margin	-9.2%	178.3%	-	-

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

Quarterly Yearly

3. Financial Health of Golar LNG Limited (5 min.)

4. Comparing to competitors in the Oil & Gas Midstream industry (5 min.)

Industry Rankings (Oil & Gas Midstream)

Richest
#21 / 71

Most Revenue
#57 / 71

Most Profit
#67 / 71

Most Efficient
#65 / 71

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

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

What can you expect buying and holding a share of Golar LNG Limited?

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

Speculation

The Price per Share of Golar LNG Limited is $24.69. 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 Golar LNG Limited.
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 Golar LNG Limited, 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 $24.88. Based on the TTM, the Book Value Change Per Share is $-0.46 per quarter. Based on the YOY, the Book Value Change Per Share is $1.65 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 $0.30 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Golar LNG Limited.

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	-0.31	-1.3%	-0.11	-0.4%	1.82	7.4%	0.30	1.2%	-0.04	-0.2%
Usd Book Value Change Per Share	-0.26	-1.1%	-0.46	-1.9%	1.65	6.7%	0.37	1.5%	0.19	0.8%
Usd Dividend Per Share	0.51	2.0%	0.30	1.2%	0.12	0.5%	0.14	0.5%	0.21	0.9%
Usd Total Gains Per Share	0.24	1.0%	-0.16	-0.7%	1.77	7.2%	0.51	2.1%	0.40	1.6%
Usd Price Per Share	22.99	-	22.26	-	23.81	-	16.53	-	23.64	-
Price to Earnings Ratio	-18.30	-	-33.66	-	4.51	-	-2.44	-	7.83	-
Price-to-Total Gains Ratio	95.37	-	45.09	-	90.30	-	27.97	-	54.78	-
Price to Book Ratio	0.92	-	0.91	-	0.99	-	0.81	-	1.20	-
Price-to-Total Gains Ratio	95.37	-	45.09	-	90.30	-	27.97	-	54.78	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	24.69
Number of shares	40

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.30	0.14
Usd Book Value Change Per Share	-0.46	0.37
Usd Total Gains Per Share	-0.16	0.51
Gains per Quarter (40 shares)	-6.45	20.26
Gains per Year (40 shares)	-25.79	81.05

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	48	-74	-36	22	59	71
2	96	-147	-62	43	119	152
3	143	-221	-88	65	178	233
4	191	-294	-114	87	238	314
5	239	-368	-140	108	297	395
6	287	-441	-166	130	356	476
7	335	-515	-192	152	416	557
8	382	-589	-218	173	475	638
9	430	-662	-244	195	535	719
10	478	-736	-270	216	594	800

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	1.0	3.0	0.0	25.0%	8.0	4.0	0.0	66.7%	10.0	10.0	0.0	50.0%	18.0	22.0	0.0	45.0%	58.0	31.0	1.0	64.4%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	6.0	4.0	2.0	50.0%	9.0	8.0	3.0	45.0%	14.0	18.0	8.0	35.0%	39.0	34.0	17.0	43.3%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	65.0	0.0	25.0	72.2%
Total Gains per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	14.0	6.0	0.0	70.0%	26.0	14.0	0.0	65.0%	62.0	24.0	4.0	68.9%

Fundamentals of Golar LNG Limited

About Golar LNG Limited

https://www.golarlng.com
Oil & Gas Midstream
0
S.E. Pearman Building, Hamilton, Bermuda, HM 11
Google Maps Bing Maps

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

Fundamental data was last updated by Penke on 2024-04-11 09:56:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a 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 very efficient.
The company is very 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 very able to pay all its debts by selling its assets.
The company is very 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 expensive.

1.1. Profitability of Golar LNG Limited.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Golar LNG Limited earns for each $1 of revenue.

Above 10% is considered healthy but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
A Net Profit Margin of -41.2% means that $-0.41 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Golar LNG Limited:

The MRQ is -41.2%. The company is making a huge loss. -2
The TTM is -9.2%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-41.2%	TTM	-9.2%	-32.0%
TTM	-9.2%	YOY	178.3%	-187.5%
TTM	-9.2%	5Y	31.0%	-40.2%
5Y	31.0%	10Y	-60.4%	+91.4%

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	-41.2%	28.3%	-69.5%
TTM	-9.2%	19.1%	-28.3%
YOY	178.3%	13.2%	+165.1%
5Y	31.0%	12.3%	+18.7%
10Y	-60.4%	7.7%	-68.1%

Measures how much net profit Golar LNG Limited earns for each $1 of revenue.

Revenue is the amount of profit Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream industry mean.
Can be used to compare companies within the Oil & Gas Midstream industry.

You typically want a high profit margin. This means that for each $1 in sales, Golar LNG Limited makes more profit. This shows the investor how efficiently Golar LNG Limited is operating in general and compared to other companies in the same industry. Golar LNG Limited operates in the Oil & Gas Midstream industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Golar LNG Limited. If profit margins remain low (compared to the Oil & Gas Midstream 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 Golar LNG Limited is -0.41. This means that Golar LNG Limited earned $-0.41 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 Oil & Gas Midstream industry is 28.3%.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited with other companies in the same industry (Oil & Gas Midstream).
Net profit margin should rise over the years.
Can be influenced when Golar LNG Limited sells assets (profit will increase while costs remain the same).
It won’t show what part of Golar LNG Limited 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 Golar LNG Limited

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 Golar LNG Limited = -32,847
Total revenue MRQ Golar LNG Limited = 79,679
$-32,847 / $79,679 = -0.41 or -41.2%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Golar LNG Limited is using its assets to generate profit.

Above 5% is considered healthy but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
-0.8% Return on Assets means that Golar LNG Limited generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Golar LNG Limited:

The MRQ is -0.8%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.2%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.8%	TTM	-0.2%	-0.6%
TTM	-0.2%	YOY	2.6%	-2.9%
TTM	-0.2%	5Y	0.4%	-0.7%
5Y	0.4%	10Y	-0.3%	+0.7%

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	-0.8%	1.9%	-2.7%
TTM	-0.2%	1.4%	-1.6%
YOY	2.6%	1.6%	+1.0%
5Y	0.4%	1.1%	-0.7%
10Y	-0.3%	1.0%	-1.3%

Shows how efficient Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Golar LNG Limited is using its resources to generate profit. If the return on assets (-0.8%) from Golar LNG Limited are higher than the Oil & Gas Midstream mean (1.9%) that means Golar LNG Limited 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 Golar LNG Limited is -0.8%. This means the company generated $-0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Oil & Gas Midstream industry is 1.9%.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

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

Income statement
Balance sheet

Net income MRQ (income statement) from Golar LNG Limited = -32,847
Total assets MRQ (balance sheet) from Golar LNG Limited = 4,083,987
-32,847 / 4,083,987 = -0.01 or -0.8%

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

Above 15%-20% is considered healthy but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
-1.6% Return on Equity means Golar LNG Limited generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Golar LNG Limited:

The MRQ is -1.6%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -0.5%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.6%	TTM	-0.5%	-1.1%
TTM	-0.5%	YOY	4.8%	-5.2%
TTM	-0.5%	5Y	0.4%	-0.9%
5Y	0.4%	10Y	-1.0%	+1.5%

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	-1.6%	4.7%	-6.3%
TTM	-0.5%	3.9%	-4.4%
YOY	4.8%	4.7%	+0.1%
5Y	0.4%	2.4%	-2.0%
10Y	-1.0%	2.2%	-3.2%

Shows how efficient Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Oil & Gas Midstream 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 Golar LNG Limited is -1.6%. This means Golar LNG Limited generated $-0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Oil & Gas Midstream industry is 4.7%.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited up to 10 years back (depending if Golar LNG Limited 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 Golar LNG Limited

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Golar LNG Limited = -32,847
Shareholders equity (balance sheet) MRQ Golar LNG Limited = 2,067,669
-32,847 / 2,067,669 = -0.02 or -1.6%

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

1.2. Operating Efficiency of Golar LNG Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Golar LNG Limited is operating .

Measures how much profit Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream industry mean.
An Operating Margin of 43.8% means the company generated $0.44 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Golar LNG Limited:

The MRQ is 43.8%. The company is operating very efficient. +2
The TTM is 52.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	43.8%	TTM	52.2%	-8.4%
TTM	52.2%	YOY	21.2%	+30.9%
TTM	52.2%	5Y	16.4%	+35.8%
5Y	16.4%	10Y	-42.4%	+58.8%

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	43.8%	27.4%	+16.4%
TTM	52.2%	20.1%	+32.1%
YOY	21.2%	20.3%	+0.9%
5Y	16.4%	20.8%	-4.4%
10Y	-42.4%	17.0%	-59.4%

Measures how efficient Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Golar LNG Limited 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 Golar LNG Limited is 43.8%. This means that Golar LNG Limited earned $0.44 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Oil & Gas Midstream industry is 27.4%.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Golar LNG Limited = 34,892
Total revenue MRQ Golar LNG Limited = 79,679
$34,892 / $79,679 = 0.44 or 43.8%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Golar LNG Limited is keeping operating costs low.

Below 1 is considered healthy (always compare to Oil & Gas Midstream industry mean).
An Operation Ratio of 0.56 means that the operating costs are $0.56 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Golar LNG Limited:

The MRQ is 0.562. The company is very efficient in keeping operating costs low. +2
The TTM is 0.419. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.562	TTM	0.419	+0.143
TTM	0.419	YOY	0.709	-0.289
TTM	0.419	5Y	0.604	-0.184
5Y	0.604	10Y	1.224	-0.621

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	0.562	0.913	-0.351
TTM	0.419	0.914	-0.495
YOY	0.709	0.892	-0.183
5Y	0.604	0.895	-0.291
10Y	1.224	0.922	+0.302

Measures how efficient Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Golar LNG Limited is 56.2%. This means that Golar LNG Limited earned $0.56 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 Oil & Gas Midstream industry is 0.91.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

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
(37,107 +7,680) \ 79,679 = 0.56

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 Golar LNG Limited.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Golar LNG Limited is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Oil & Gas Midstream industry mean).
A Current Ratio of 1.49 means the company has $1.49 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Golar LNG Limited:

The MRQ is 1.494. The company is just able to pay all its short-term debts.
The TTM is 1.940. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.494	TTM	1.940	-0.446
TTM	1.940	YOY	2.206	-0.266
TTM	1.940	5Y	1.062	+0.879
5Y	1.062	10Y	1.147	-0.085

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	1.494	0.982	+0.512
TTM	1.940	1.096	+0.844
YOY	2.206	1.024	+1.182
5Y	1.062	1.032	+0.030
10Y	1.147	1.145	+0.002

Measures if Golar LNG Limited 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 Oil & Gas Midstream 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 Golar LNG Limited 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 Golar LNG Limited is 1.49. This means Golar LNG Limited has $1.49 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Oil & Gas Midstream industry is 0.98.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
815,564 \ 545,780) = 1.49

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

Above 1 is considered healthy but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
A Quick Ratio of 1.42 means the company can pay off $1.42 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Golar LNG Limited:

The MRQ is 1.416. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.749. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.416	TTM	1.749	-0.332
TTM	1.749	YOY	2.787	-1.038
TTM	1.749	5Y	1.094	+0.655
5Y	1.094	10Y	1.000	+0.093

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	1.416	0.665	+0.751
TTM	1.749	0.718	+1.031
YOY	2.787	0.745	+2.042
5Y	1.094	0.829	+0.265
10Y	1.000	0.849	+0.151

Measures if Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Golar LNG Limited can pay off its short term debts. This shows if Golar LNG Limited 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 Golar LNG Limited is 1.42. This means that Golar LNG Limited can pay off $1.42 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas Midstream industry is 0.67.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

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 Golar LNG Limited: (697,340 + 18,115 +57,575) / 545,780 = 1.42

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 Golar LNG Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Golar LNG Limited assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Golar LNG Limited to Oil & Gas Midstream industry mean.
A Debt to Asset Ratio of 0.36 means that Golar LNG Limited assets are financed with 36.3% credit (debt) and the remaining percentage (100% - 36.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Golar LNG Limited:

The MRQ is 0.363. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.350. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.363	TTM	0.350	+0.012
TTM	0.350	YOY	0.401	-0.051
TTM	0.350	5Y	0.518	-0.168
5Y	0.518	10Y	0.521	-0.003

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	0.363	0.515	-0.152
TTM	0.350	0.516	-0.166
YOY	0.401	0.550	-0.149
5Y	0.518	0.542	-0.024
10Y	0.521	0.536	-0.015

Measures how much % of Golar LNG Limited assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Golar LNG Limited to Oil & Gas Midstream 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 Golar LNG Limited is 0.36. This means means that Golar LNG Limited is financed with 36.3% 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 Oil & Gas Midstream industry is 98.2%.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Golar LNG Limited

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,481,544 \ 4,083,987 = 36.3% or 0.36.

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 Golar LNG Limited is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
A Debt to Equity ratio of 71.7% means that company has $0.72 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Golar LNG Limited:

The MRQ is 0.717. The company is very able to pay all its debts with equity. +2
The TTM is 0.664. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.717	TTM	0.664	+0.053
TTM	0.664	YOY	0.868	-0.204
TTM	0.664	5Y	1.463	-0.799
5Y	1.463	10Y	1.347	+0.116

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
MRQ	0.717	1.101	-0.384
TTM	0.664	1.092	-0.428
YOY	0.868	1.241	-0.373
5Y	1.463	1.240	+0.223
10Y	1.347	1.253	+0.094

Measures if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited is 0.72. This means that Golar LNG Limited can pay off $0.72 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas Midstream industry is 1.10.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,481,544 \ 2,067,669 = 0.72 or 71.7%

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 Golar LNG Limited

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 Golar LNG Limited generates.

Above 15 is considered overpriced but always compare Golar LNG Limited to the Oil & Gas Midstream industry mean.
A PE ratio of -18.30 means the investor is paying $-18.30 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Golar LNG Limited:

The EOD is -19.656. Based on the earnings, the company is expensive. -2
The MRQ is -18.303. Based on the earnings, the company is expensive. -2
The TTM is -33.661. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-19.656	MRQ	-18.303	-1.353
MRQ	-18.303	TTM	-33.661	+15.359
TTM	-33.661	YOY	4.513	-38.174
TTM	-33.661	5Y	-2.437	-31.225
5Y	-2.437	10Y	7.827	-10.264

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
EOD	-19.656	9.038	-28.694
MRQ	-18.303	8.478	-26.781
TTM	-33.661	8.478	-42.139
YOY	4.513	8.242	-3.729
5Y	-2.437	11.160	-13.597
10Y	7.827	13.160	-5.333

Measures how much money you pay for each share for every $1 in earnings Golar LNG Limited 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 Golar LNG Limited to the Oil & Gas Midstream 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 Golar LNG Limited is -18.30. This means the investor is paying $-18.30 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Oil & Gas Midstream industry is 8.48.
What is the trend?
The trend is important because it shows you how Golar LNG Limited is performing over time. The most recent quarter might be important if Golar LNG Limited 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 Golar LNG Limited 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 Golar LNG Limited

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 \ 104,578 = EPS
PE ratio MRQ = -18.30

* 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 Golar LNG Limited:

The EOD is -5.807. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -5.408. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -5.401. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-5.807	MRQ	-5.408	-0.400
MRQ	-5.408	TTM	-5.401	-0.006
TTM	-5.401	YOY	8.047	-13.449
TTM	-5.401	5Y	-2.602	-2.799
5Y	-2.602	10Y	-3.740	+1.138

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
EOD	-5.807	5.057	-10.864
MRQ	-5.408	4.526	-9.934
TTM	-5.401	5.292	-10.693
YOY	8.047	5.790	+2.257
5Y	-2.602	3.214	-5.816
10Y	-3.740	3.526	-7.266

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Oil & Gas Midstream industry mean).
A PB ratio of 0.92 means the investor is paying $0.92 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Golar LNG Limited:

The EOD is 0.992. Based on the equity, the company is cheap. +2
The MRQ is 0.924. Based on the equity, the company is cheap. +2
The TTM is 0.906. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.992	MRQ	0.924	+0.068
MRQ	0.924	TTM	0.906	+0.018
TTM	0.906	YOY	0.989	-0.084
TTM	0.906	5Y	0.812	+0.094
5Y	0.812	10Y	1.203	-0.391

Compared to industry (Oil & Gas Midstream)

Period	Company	Industry (mean)	+/-
EOD	0.992	1.277	-0.285
MRQ	0.924	1.218	-0.294
TTM	0.906	1.202	-0.296
YOY	0.989	1.107	-0.118
5Y	0.812	1.020	-0.208
10Y	1.203	1.206	-0.003

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Golar LNG Limited.

3.1. Institutions holding Golar LNG Limited

Institutions are holding 74.999% of the shares of Golar LNG Limited.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Rubric Capital Management LP	6.2206	3.1039	6506757	0	0
2023-12-31	BlackRock Inc	5.1955	0.0032	5434528	400040	7.946
2023-12-31	Orbis Allan Gray Ltd	4.978	0.7515	5207035	-1220837	-18.9929
2023-12-31	Millennium Management LLC	3.7158	0.0387	3886690	1324489	51.6934
2023-12-31	Permian Investment Partners	2.6635	7.2214	2786056	-65000	-2.2799
2023-12-31	Donald Smith & Co Inc	2.5973	1.6019	2716761	1802470	197.144
2023-12-31	Goldman Sachs Group Inc	2.3681	0.0051	2477024	1311184	112.4669
2023-12-31	Morgan Stanley - Brokerage Accounts	2.1255	0.0045	2223305	98990	4.6599
2023-12-31	Philosophy Capital Management LLC	1.9512	3.8704	2040999	95000	4.8818
2023-12-31	State Street Corporation	1.6948	0.002	1772801	30482	1.7495
2023-12-31	Steinberg Asset Management, LLC	1.4359	30.4745	1501973	28800	1.955
2023-12-31	Pinnacle Associates Inc	1.3853	0.5605	1449028	-15132	-1.0335
2023-12-31	Fidelity International Ltd	1.3829	0.0349	1446490	264708	22.3991
2023-12-31	Hound Partners, LLC	1.3519	10.1295	1414053	20531	1.4733
2023-12-31	FMR Inc	1.2765	0.0024	1335216	-3092481	-69.844
2023-12-31	Geode Capital Management, LLC	1.1604	0.0029	1213729	43975	3.7593
2023-12-31	Weiss Multi-Strategy Advisers Llc	1.1102	0.6424	1161235	320862	38.1809
2023-12-31	RIT Capital Partners PLC	1.0325	7.1035	1080000	100000	10.2041
2023-12-31	American Century Companies Inc	0.9972	0.0165	1043082	154986	17.4515
2023-12-31	Nuveen Asset Management, LLC	0.9961	0.0077	1041917	198960	23.6026
Total		45.6392	65.5774	47738679	+1802027	+3.8%

3.2. Funds holding Golar LNG Limited

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-09-30	Orbis SICAV Intl Eq Inv	2.6493	3.1786	2770259	-531533	-16.0983
2023-12-31	Donald Smith & Co. All Eq Accounts Comp	2.588	1.5584	2706231	1798131	198.0102
2023-12-31	Cobas Selección C FI	2.3302	7.0974	2436667	-155632	-6.0036
2024-03-28	iShares Russell 2000 ETF	2.3112	0.0888	2416778	1164	0.0482
2023-12-31	Cobas Internacional C FI	2.1038	8.1765	2199878	-98322	-4.2782
2023-12-31	Donald Smith & Co. Md-Cap Val Eq	1.434	2.3603	1499500	591400	65.125
2023-12-31	Vanguard Selected Value Inv	1.434	0.5018	1499500	591400	65.125
2023-12-31	Fidelity FAST Global I-ACC-USD	1.2817	3.9446	1340220	98289	7.9142
2023-09-30	Orbis Optimal (US$) Fund	1.1381	1.4692	1190128	-202547	-14.5437
2024-01-31	Fidelity Small Cap Index	0.967	0.089	1011136	16743	1.6837
2024-03-29	Avantis International Small Cap Val ETF	0.9644	0.4339	1008423	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.8324	0.167	870385	-552	-0.0634
2023-09-30	Orbis Optimal SA USD	0.6372	1.5469	666259	-162622	-19.6195
2023-12-31	American Funds SMALLCAP World A	0.6279	0.021	656548	-2248783	-77.402
2024-02-29	Az Fd1 Az Equity Best Value A Acc	0.5991	6.3241	626430	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5736	0.0291	599805	0	0
2023-12-31	FIAM Small Cap Core Composite	0.5424	0.334	567188	-15200	-2.6099
2023-12-31	Columbia Small Cap Value II	0.539	0.9831	563600	4400	0.7868
2024-01-31	FIAM Small Cap Core CIT Cl B	0.5389	0.3242	563488	-3700	-0.6523
2024-02-29	Columbia Small Cap Value II Inst	0.5318	0.8954	556066	3600	0.6516
Total		24.624	39.5233	25748489	-313764	-1.2%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Golar LNG Limited 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	-	-	-0.265	-0.460	+74%	1.651	-116%	0.371	-171%	0.191	-239%
Book Value Per Share	-	-	24.880	24.552	+1%	24.431	+2%	19.887	+25%	19.374	+28%
Current Ratio	-	-	1.494	1.940	-23%	2.206	-32%	1.062	+41%	1.147	+30%
Debt To Asset Ratio	-	-	0.363	0.350	+4%	0.401	-10%	0.518	-30%	0.521	-30%
Debt To Equity Ratio	-	-	0.717	0.664	+8%	0.868	-17%	1.463	-51%	1.347	-47%
Dividend Per Share	-	-	0.506	0.299	+69%	0.121	+317%	0.135	+274%	0.211	+140%
Eps	-	-	-0.314	-0.108	-65%	1.821	-117%	0.299	-205%	-0.039	-88%
Free Cash Flow Per Share	-	-	-1.063	-0.480	-55%	-0.192	-82%	-0.417	-61%	-0.963	-9%
Free Cash Flow To Equity Per Share	-	-	-1.218	-1.043	-14%	-1.157	-5%	-0.937	-23%	-0.536	-56%
Gross Profit Margin	-	-	-0.191	0.702	-127%	1.000	-119%	0.940	-120%	0.970	-120%
Intrinsic Value_10Y_max	-	-	28.174	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-66.659	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.398	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-4.362	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	1.259	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-15.190	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	5.875	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-28.222	-	-	-	-	-	-	-	-
Market Cap	2582574000.000	+7%	2404754000.000	2357213400.000	+2%	2577494706.780	-7%	1767700452.198	+36%	2492075226.099	-4%
Net Profit Margin	-	-	-0.412	-0.092	-78%	1.783	-123%	0.310	-233%	-0.604	+47%
Operating Margin	-	-	0.438	0.522	-16%	0.212	+106%	0.164	+167%	-0.424	+197%
Operating Ratio	-	-	0.562	0.419	+34%	0.709	-21%	0.604	-7%	1.224	-54%
Pb Ratio	0.992	+7%	0.924	0.906	+2%	0.989	-7%	0.812	+14%	1.203	-23%
Pe Ratio	-19.656	-7%	-18.303	-33.661	+84%	4.513	-506%	-2.437	-87%	7.827	-334%
Price Per Share	24.690	+7%	22.990	22.255	+3%	23.810	-3%	16.535	+39%	23.642	-3%
Price To Free Cash Flow Ratio	-5.807	-7%	-5.408	-5.401	0%	8.047	-167%	-2.602	-52%	-3.740	-31%
Price To Total Gains Ratio	102.423	+7%	95.371	45.086	+112%	90.299	+6%	27.972	+241%	54.775	+74%
Quick Ratio	-	-	1.416	1.749	-19%	2.787	-49%	1.094	+30%	1.000	+42%
Return On Assets	-	-	-0.008	-0.002	-69%	0.026	-131%	0.004	-299%	-0.003	-59%
Return On Equity	-	-	-0.016	-0.005	-70%	0.048	-133%	0.004	-485%	-0.010	-35%
Total Gains Per Share	-	-	0.241	-0.161	+167%	1.773	-86%	0.507	-52%	0.401	-40%
Usd Book Value	-	-	2602443000.000	2600757500.000	+0%	2644879250.000	-2%	2127223700.000	+22%	2050091050.000	+27%
Usd Book Value Change Per Share	-	-	-0.265	-0.460	+74%	1.651	-116%	0.371	-171%	0.191	-239%
Usd Book Value Per Share	-	-	24.880	24.552	+1%	24.431	+2%	19.887	+25%	19.374	+28%
Usd Dividend Per Share	-	-	0.506	0.299	+69%	0.121	+317%	0.135	+274%	0.211	+140%
Usd Eps	-	-	-0.314	-0.108	-65%	1.821	-117%	0.299	-205%	-0.039	-88%
Usd Free Cash Flow	-	-	-111174949.000	-50378487.250	-55%	-20342000.000	-82%	-43794197.450	-61%	-100880223.725	-9%
Usd Free Cash Flow Per Share	-	-	-1.063	-0.480	-55%	-0.192	-82%	-0.417	-61%	-0.963	-9%
Usd Free Cash Flow To Equity Per Share	-	-	-1.218	-1.043	-14%	-1.157	-5%	-0.937	-23%	-0.536	-56%
Usd Market Cap	2582574000.000	+7%	2404754000.000	2357213400.000	+2%	2577494706.780	-7%	1767700452.198	+36%	2492075226.099	-4%
Usd Price Per Share	24.690	+7%	22.990	22.255	+3%	23.810	-3%	16.535	+39%	23.642	-3%
Usd Profit	-	-	-32847000.000	-9742250.000	-70%	112358500.000	-129%	18937050.000	-273%	-13229200.000	-60%
Usd Revenue	-	-	79679000.000	74607250.000	+7%	75775000.000	+5%	97679950.000	-18%	70139100.000	+14%
Usd Total Gains Per Share	-	-	0.241	-0.161	+167%	1.773	-86%	0.507	-52%	0.401	-40%
	EOD	+6 -2	MRQ	TTM	+15 -21	YOY	+14 -22	5Y	+17 -19	10Y	+18 -18

4.2. Fundamental Score

Let's check the fundamental score of Golar LNG Limited based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-19.656
Price to Book Ratio (EOD)	Between	0-1	0.992
Net Profit Margin (MRQ)	Greater than	0	-0.412
Operating Margin (MRQ)	Greater than	0	0.438
Quick Ratio (MRQ)	Greater than	1	1.416
Current Ratio (MRQ)	Greater than	1	1.494
Debt to Asset Ratio (MRQ)	Less than	1	0.363
Debt to Equity Ratio (MRQ)	Less than	1	0.717
Return on Equity (MRQ)	Greater than	0.15	-0.016
Return on Assets (MRQ)	Greater than	0.05	-0.008
Total			6/10 (60.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of Golar LNG Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	58.082
Ma 20	Greater than	Ma 50	24.672
Ma 50	Greater than	Ma 100	22.841
Ma 100	Greater than	Ma 200	22.345
Open	Greater than	Close	24.770
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Interest Expense		2,884	-2,522	362	248	610	-475	135	-1,242	-1,107

Latest Balance Sheet

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

Summary

Total Assets	4,083,987
Total Liabilities	1,481,544
Total Stockholder Equity	2,067,669

	As reported
Total Liabilities	1,481,544
Total Stockholder Equity	+ 2,067,669
Total Assets	= 4,083,987

Assets

Total Assets	4,083,987
Total Current Assets	815,564
Long-term Assets	3,268,423

Total Current Assets

Total Current Assets (as reported)	815,564
Cash And Cash Equivalents	697,340
Short-term Investments	18,115
Net Receivables	57,575
Other Current Assets	60,649
Total Current Assets (calculated)	833,679
+/-	18,115

Long-term Assets

Long-term Assets (as reported)	3,268,423
Property Plant Equipment	2,647,891
Long Term Investments	53,982
Long-term Assets Other	296,119
Long-term Assets (calculated)	2,997,992
+/-	270,431

Liabilities & Shareholders' Equity

Total Current Liabilities	545,780
Long-term Liabilities	935,764
Total Stockholder Equity	2,067,669

Total Current Liabilities

Total Current Liabilities (as reported)	545,780
Short-term Debt	344,028
Short Long Term Debt	342,566
Accounts payable	7,454
Other Current Liabilities	177,295
Total Current Liabilities (calculated)	871,343
+/-	325,563

Long-term Liabilities

Long-term Liabilities (as reported)	935,764
Long term Debt	874,164
Capital Lease Obligations	7,343
Long-term Liabilities (calculated)	881,507
+/-	54,257

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,067,669
Common Stock	104,578
Retained Earnings	77,035
Accumulated Other Comprehensive Income	-5,072
Other Stockholders Equity	1,891,128
Total Stockholder Equity (calculated)	2,067,669
+/-	0

Other

Capital Stock	104,578
Cash and Short Term Investments	697,340
Common Stock Shares Outstanding	104,578
Current Deferred Revenue	17,003
Liabilities and Stockholders Equity	4,083,987
Net Debt	526,733
Net Invested Capital	3,284,399
Net Working Capital	269,784
Property Plant and Equipment Gross	3,060,933
Short Long Term Debt Total	1,224,073

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

2000-12-31

> Total Assets

817,990
859,452
855,991
903,578
941,344
949,469
987,900
987,900
1,439,947
1,697,875
1,785,602
1,785,602
2,078,850
2,073,765
2,110,329
2,110,329
2,284,714
2,257,070
2,230,695
2,230,695
2,505,503
2,518,781
2,566,189
2,584,934
2,566,189
2,536,037
2,573,610
2,573,610
2,660,194
2,498,500
2,359,729
2,354,271
2,359,729
2,504,462
2,492,436
2,492,436
2,425,996
2,440,800
2,077,772
2,077,772
2,277,517
2,264,469
2,232,634
2,232,634
2,451,024
2,542,589
2,974,148
2,974,148
2,464,083
2,427,239
2,662,308
2,662,308
3,406,735
3,617,682
3,832,460
3,832,460
4,171,231
4,038,969
4,336,889
4,336,889
4,356,001
4,178,955
4,263,084
4,263,084
4,498,258
4,645,223
4,764,287
4,764,287
5,192,974
5,187,084
4,806,595
4,722,289
4,624,297
4,717,616
4,662,295
4,662,295
4,369,239
4,385,938
4,339,895
4,339,895
4,946,097
4,804,153
4,948,295
4,948,295
4,222,775
4,386,244
4,279,560
3,969,239
3,930,783
4,033,845
4,083,987

4,083,987

4,033,845

3,930,783

3,969,239

4,279,560

4,386,244

4,222,775

4,948,295

4,804,153

4,946,097

4,339,895

4,385,938

4,369,239

4,662,295

4,717,616

4,624,297

4,722,289

4,806,595

5,187,084

5,192,974

4,764,287

4,645,223

4,498,258

4,263,084

4,178,955

4,356,001

4,336,889

4,038,969

4,171,231

3,832,460

3,617,682

3,406,735

2,662,308

2,427,239

2,464,083

2,974,148

2,542,589

2,451,024

2,232,634

2,264,469

2,277,517

2,077,772

2,440,800

2,425,996

2,492,436

2,504,462

2,359,729

2,354,271

2,359,729

2,498,500

2,660,194

2,573,610

2,536,037

2,566,189

2,584,934

2,566,189

2,518,781

2,505,503

2,230,695

2,257,070

2,284,714

2,110,329

2,073,765

2,078,850

1,785,602

1,697,875

1,439,947

987,900

949,469

941,344

903,578

855,991

859,452

817,990

> Total Current Assets

0
0
0
0
0
0
71,000
71,000
83,150
145,656
184,566
184,566
160,693
166,511
116,203
116,203
143,824
138,607
129,590
129,590
135,776
144,702
132,332
188,081
132,332
219,207
270,321
270,321
307,674
188,539
144,770
139,193
144,770
235,564
182,128
182,128
196,854
200,400
204,332
204,332
265,769
160,056
105,966
105,966
130,600
180,663
537,125
537,125
250,311
132,704
178,783
178,783
541,244
447,141
575,785
575,785
584,860
388,392
670,074
670,074
989,887
636,642
725,562
725,562
568,234
588,574
473,460
473,460
714,128
686,406
649,937
606,816
454,424
517,461
401,540
401,540
241,846
216,459
295,209
295,209
961,204
736,321
925,597
925,597
1,125,394
1,172,107
1,258,506
1,036,964
954,308
884,829
815,564

815,564

884,829

954,308

1,036,964

1,258,506

1,172,107

1,125,394

925,597

736,321

961,204

295,209

216,459

241,846

401,540

517,461

454,424

606,816

649,937

686,406

714,128

473,460

588,574

568,234

725,562

636,642

989,887

670,074

388,392

584,860

575,785

447,141

541,244

178,783

132,704

250,311

537,125

180,663

130,600

105,966

160,056

265,769

204,332

200,400

196,854

182,128

235,564

144,770

139,193

144,770

188,539

307,674

270,321

219,207

132,332

188,081

132,332

144,702

135,776

129,590

138,607

143,824

116,203

166,511

160,693

184,566

145,656

83,150

71,000

Cash And Cash Equivalents

5,741
0
57,569
0
0
0
52,700
52,700
50,078
96,804
117,883
117,883
102,687
101,503
51,598
51,598
87,794
77,710
62,227
62,227
65,532
65,329
56,616
102,420
56,616
127,296
185,739
185,739
72,055
88,905
56,114
65,644
56,114
154,640
122,231
122,231
135,360
87,200
164,717
164,717
148,897
115,412
66,913
66,913
77,489
118,464
491,041
491,041
191,457
56,049
125,347
125,347
484,683
390,004
191,410
191,410
374,828
222,842
105,235
105,235
64,720
137,904
224,190
224,190
343,226
286,562
214,862
214,862
375,067
306,387
217,835
212,673
139,834
250,153
222,123
222,123
128,661
76,696
127,691
127,691
207,272
123,690
268,627
268,627
528,798
498,164
878,838
889,410
770,567
727,133
697,340

697,340

727,133

770,567

889,410

878,838

498,164

528,798

268,627

123,690

207,272

127,691

76,696

128,661

222,123

250,153

139,834

212,673

217,835

306,387

375,067

214,862

286,562

343,226

224,190

137,904

64,720

105,235

222,842

374,828

191,410

390,004

484,683

125,347

56,049

191,457

491,041

118,464

77,489

66,913

115,412

148,897

164,717

87,200

135,360

122,231

154,640

56,114

65,644

56,114

88,905

72,055

185,739

127,296

56,616

102,420

56,616

65,329

65,532

62,227

77,710

87,794

51,598

101,503

102,687

117,883

96,804

50,078

52,700

57,569

5,741

Short-term Investments

27,322
0
14,163
0
0
0
12,760
0
0
0
13,810
13,810
0
0
12,866
0
0
0
23,785
0
0
0
15,482
65,668
52,262
60,938
40,942
40,942
54,868
67,766
60,352
56,679
60,352
62,690
40,651
40,651
43,162
49,531
21,815
21,815
34,291
27,787
28,012
28,012
37,420
45,787
1,551
1,551
0
23,423
23,432
23,432
0
0
74,162
51,249
35,099
108,017
228,202
135,947
196,399
203,031
183,525
173,083
205,227
270,087
222,265
215,412
276,289
302,456
0
0
0
0
0
0
0
0
0
0
660,642
501,233
450,225
450,225
491,754
543,204
246,481
2,064
2,461
0
18,115

18,115

2,461

2,064

246,481

543,204

491,754

450,225

501,233

660,642

302,456

276,289

215,412

222,265

270,087

205,227

173,083

183,525

203,031

196,399

135,947

228,202

108,017

35,099

51,249

74,162

23,432

23,423

1,551

45,787

37,420

28,012

27,787

34,291

21,815

49,531

43,162

40,651

62,690

60,352

56,679

60,352

67,766

54,868

40,942

60,938

52,262

65,668

15,482

23,785

12,866

13,810

12,760

14,163

27,322

Net Receivables

3,298
154
2,739
125
3,239
258
300
300
84
83
1,668
1,668
298
254
866
866
432
28
368
368
2,271
525
4,953
602
4,953
817
12,081
12,081
281
438
23,018
479
23,018
661
9,293
9,293
518
700
9,296
9,296
174
294
354
354
131
47
54
54
30,867
32,843
6,311
6,311
37,168
32,051
32,703
32,703
148,497
52,339
25,647
25,647
16,540
16,496
7,915
7,915
12,971
22,355
7,898
7,898
38,772
55,583
9,425
35,478
38,927
23,059
1,743
1,743
24,111
24,946
2,112
2,112
29,711
34,249
3,484
3,484
63,907
73,943
55,431
59,417
56,763
54,414
57,575

57,575

54,414

56,763

59,417

55,431

73,943

63,907

3,484

34,249

29,711

2,112

24,946

24,111

1,743

23,059

38,927

35,478

9,425

55,583

38,772

7,898

22,355

12,971

7,915

16,496

16,540

25,647

52,339

148,497

32,703

32,051

37,168

6,311

32,843

30,867

131

354

294

174

9,296

700

518

9,293

661

23,018

479

23,018

438

281

12,081

817

4,953

602

4,953

525

2,271

368

432

866

254

298

1,668

300

258

3,239

125

2,739

154

3,298

Other Current Assets

116
7,826
312
5,904
3,239
7,102
18,000
18,000
8,226
14,168
15,907
15,907
19,520
18,509
18,230
18,230
14,899
17,194
11,728
11,728
22,698
25,397
13,811
19,391
13,811
30,156
12,411
12,411
180,470
31,430
538
16,870
538
17,573
1,540
1,540
17,814
112,500
2,840
2,840
38,370
16,563
10,687
10,687
15,560
16,365
13,579
13,579
27,987
20,389
23,693
23,693
10,281
25,086
27,957
27,957
54,089
108,017
37,877
37,877
903,032
476,351
18,363
18,363
205,227
270,087
28,435
28,435
16,557
15,982
90,644
27,333
14,625
16,047
35,978
35,978
10,297
9,646
39,863
39,863
694,038
539,399
576,149
576,149
569,013
56,051
337,431
69,528
68,483
64,091
60,649

60,649

64,091

68,483

69,528

337,431

56,051

569,013

576,149

539,399

694,038

39,863

9,646

10,297

35,978

16,047

14,625

27,333

90,644

15,982

16,557

28,435

270,087

205,227

18,363

476,351

903,032

37,877

108,017

54,089

27,957

25,086

10,281

23,693

20,389

27,987

13,579

16,365

15,560

10,687

16,563

38,370

2,840

112,500

17,814

1,540

17,573

538

16,870

538

31,430

180,470

12,411

30,156

13,811

19,391

13,811

25,397

22,698

11,728

17,194

14,899

18,230

18,509

19,520

15,907

14,168

8,226

18,000

7,102

3,239

5,904

312

7,826

116

> Long-term Assets

0
0
0
0
0
0
916,900
916,900
1,356,797
1,552,219
1,601,036
1,601,036
1,918,157
1,907,254
1,994,126
1,994,126
2,140,890
2,118,463
2,101,105
2,101,105
2,369,727
2,374,079
2,433,857
2,396,853
2,433,857
2,316,830
2,303,289
2,303,289
2,352,520
2,309,961
2,214,959
2,215,078
2,214,959
2,268,898
2,310,308
2,310,308
2,229,142
2,240,400
1,873,440
1,873,440
2,011,748
2,104,413
2,126,668
2,126,668
2,320,424
2,361,926
2,437,023
2,437,023
2,213,772
2,294,535
2,483,525
2,483,525
2,865,491
3,170,541
3,256,675
3,256,675
3,586,371
3,650,577
3,666,815
3,666,815
3,366,114
3,542,313
3,537,522
3,537,522
3,930,024
4,056,649
4,290,827
4,290,827
4,478,846
4,500,678
4,156,658
4,115,473
4,169,873
4,200,155
4,260,755
4,260,755
4,127,393
4,169,479
4,044,686
4,044,686
3,984,893
4,067,832
4,022,698
4,022,698
3,097,381
3,214,137
3,021,054
2,932,275
2,976,475
3,149,016
3,268,423

3,268,423

3,149,016

2,976,475

2,932,275

3,021,054

3,214,137

3,097,381

4,022,698

4,067,832

3,984,893

4,044,686

4,169,479

4,127,393

4,260,755

4,200,155

4,169,873

4,115,473

4,156,658

4,500,678

4,478,846

4,290,827

4,056,649

3,930,024

3,537,522

3,542,313

3,366,114

3,666,815

3,650,577

3,586,371

3,256,675

3,170,541

2,865,491

2,483,525

2,294,535

2,213,772

2,437,023

2,361,926

2,320,424

2,126,668

2,104,413

2,011,748

1,873,440

2,240,400

2,229,142

2,310,308

2,268,898

2,214,959

2,215,078

2,214,959

2,309,961

2,352,520

2,303,289

2,316,830

2,433,857

2,396,853

2,433,857

2,374,079

2,369,727

2,101,105

2,118,463

2,140,890

1,994,126

1,907,254

1,918,157

1,601,036

1,552,219

1,356,797

916,900

Property Plant Equipment

765,559
777,905
774,227
818,302
864,529
869,858
909,300
909,300
920,732
960,808
972,280
972,280
1,191,884
1,182,366
1,223,616
1,223,616
1,346,046
1,333,547
1,320,609
1,320,609
1,519,876
1,514,324
1,515,538
1,456,517
1,515,538
1,435,079
1,448,576
1,448,576
1,501,414
1,501,380
1,561,313
1,563,411
1,561,313
1,615,712
1,646,059
1,646,059
1,635,178
1,621,700
1,618,803
1,618,803
1,766,978
1,866,616
1,895,007
1,895,007
2,100,835
2,138,606
2,202,253
2,202,253
1,159,319
1,238,741
1,579,240
1,579,240
1,945,531
2,259,109
2,343,045
2,343,045
2,764,816
2,787,196
2,850,727
2,850,727
2,535,118
2,594,187
2,615,059
2,615,059
2,966,486
3,125,631
3,254,548
3,254,548
3,342,677
3,315,960
3,291,379
3,278,039
3,377,929
3,475,991
3,594,797
3,594,797
3,735,348
3,770,307
3,641,320
3,641,320
3,774,836
3,766,382
3,755,512
3,755,512
2,235,834
2,263,263
2,294,738
2,327,623
2,401,980
2,433,350
2,647,891

2,647,891

2,433,350

2,401,980

2,327,623

2,294,738

2,263,263

2,235,834

3,755,512

3,766,382

3,774,836

3,641,320

3,770,307

3,735,348

3,594,797

3,475,991

3,377,929

3,278,039

3,291,379

3,315,960

3,342,677

3,254,548

3,125,631

2,966,486

2,615,059

2,594,187

2,535,118

2,850,727

2,787,196

2,764,816

2,343,045

2,259,109

1,945,531

1,579,240

1,238,741

1,159,319

2,202,253

2,138,606

2,100,835

1,895,007

1,866,616

1,766,978

1,618,803

1,621,700

1,635,178

1,646,059

1,615,712

1,561,313

1,563,411

1,561,313

1,501,380

1,501,414

1,448,576

1,435,079

1,515,538

1,456,517

1,515,538

1,514,324

1,519,876

1,320,609

1,333,547

1,346,046

1,223,616

1,182,366

1,191,884

972,280

960,808

920,732

909,300

869,858

864,529

818,302

774,227

777,905

765,559

Goodwill

9,439
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,941
0
0
0
6,636
6,583
7,492
7,414
50,837
50,660
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

50,660

50,837

7,414

7,492

6,583

6,636

6,941

9,439

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
869,269
0
0
0
766,213
0
0
0
554,242
531,000
518,000
647,716
661,149
665,240
680,557
696,786
720,738
749,595
732,347
723,798
585,427
560,232
522,538
507,100
508,805
455,195
312,601
303,629
312,635
48,077
51,292
50,573
52,215
113,709
184,693
196,912
104,108
47,463
46,244
45,340
53,982

53,982

45,340

46,244

47,463

104,108

196,912

184,693

113,709

52,215

50,573

51,292

48,077

312,635

303,629

312,601

455,195

508,805

507,100

522,538

560,232

585,427

723,798

732,347

749,595

720,738

696,786

680,557

665,240

661,149

647,716

518,000

531,000

554,242

766,213

869,269

Intangible Assets

9,439
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,439

Long-term Assets Other

0
0
0
0
0
0
7,600
7,600
436,065
591,411
628,756
628,756
726,273
724,888
721,641
721,641
794,844
784,916
714,546
714,546
849,851
859,755
820,936
940,336
820,936
881,751
840,528
840,528
833,645
769,489
622,722
620,941
622,722
623,639
643,006
643,006
573,316
598,200
215,985
215,985
225,500
218,861
209,132
209,132
214,134
217,643
229,178
229,178
78,879
103,708
81,843
81,843
49,578
60,233
98,779
98,779
252,903
57,643
273,365
273,365
313,198
300,410
273,639
273,639
287,484
239,386
325,707
325,707
420,158
475,149
293,497
277,202
269,406
217,064
157,153
157,153
79,444
95,543
90,731
90,731
158,765
250,877
214,971
214,971
676,854
753,962
622,208
557,189
528,251
670,326
296,119

296,119

670,326

528,251

557,189

622,208

753,962

676,854

214,971

250,877

158,765

90,731

95,543

79,444

157,153

217,064

269,406

277,202

293,497

475,149

420,158

325,707

239,386

287,484

273,639

300,410

313,198

273,365

57,643

252,903

98,779

60,233

49,578

81,843

103,708

78,879

229,178

217,643

214,134

209,132

218,861

225,500

215,985

598,200

573,316

643,006

623,639

622,722

620,941

622,722

769,489

833,645

840,528

881,751

820,936

940,336

820,936

859,755

849,851

714,546

784,916

794,844

721,641

724,888

726,273

628,756

591,411

436,065

7,600

> Total Liabilities

534,945
671,110
655,774
693,510
733,641
746,329
791,800
791,800
1,212,191
1,405,258
1,426,461
1,426,461
1,678,007
1,667,890
1,681,277
1,681,277
1,838,295
1,804,664
1,768,554
1,768,554
1,992,902
2,010,959
2,026,709
2,013,268
2,026,709
2,021,969
1,984,095
1,984,095
2,085,316
1,903,532
1,865,896
1,860,272
1,865,896
1,874,225
1,834,252
1,834,252
1,810,338
1,985,900
1,478,450
1,478,450
1,514,458
1,507,149
1,476,814
1,476,814
1,664,258
1,550,379
1,896,675
1,896,675
536,107
567,089
858,171
858,171
964,567
1,223,877
1,549,953
1,549,953
1,965,791
2,033,511
2,442,550
2,442,550
2,612,069
2,454,984
2,377,084
2,377,084
2,675,612
2,860,794
2,967,983
2,967,983
3,350,279
3,040,688
2,980,804
2,930,500
2,863,783
3,025,578
2,899,581
2,899,581
2,884,250
2,885,406
2,708,764
2,708,764
2,731,169
2,651,457
2,771,544
2,771,544
1,556,002
1,550,425
1,379,386
1,382,729
1,379,535
1,371,016
1,481,544

1,481,544

1,371,016

1,379,535

1,382,729

1,379,386

1,550,425

1,556,002

2,771,544

2,651,457

2,731,169

2,708,764

2,885,406

2,884,250

2,899,581

3,025,578

2,863,783

2,930,500

2,980,804

3,040,688

3,350,279

2,967,983

2,860,794

2,675,612

2,377,084

2,454,984

2,612,069

2,442,550

2,033,511

1,965,791

1,549,953

1,223,877

964,567

858,171

567,089

536,107

1,896,675

1,550,379

1,664,258

1,476,814

1,507,149

1,514,458

1,478,450

1,985,900

1,810,338

1,834,252

1,874,225

1,865,896

1,860,272

1,865,896

1,903,532

2,085,316

1,984,095

2,021,969

2,026,709

2,013,268

2,026,709

2,010,959

1,992,902

1,768,554

1,804,664

1,838,295

1,681,277

1,667,890

1,678,007

1,426,461

1,405,258

1,212,191

791,800

746,329

733,641

693,510

655,774

671,110

534,945

> Total Current Liabilities

33,654
151,205
155,946
101,432
90,572
92,799
126,500
126,500
133,212
124,473
122,121
122,121
125,902
131,519
115,894
115,894
125,051
121,517
123,993
123,993
121,644
128,720
128,357
126,546
128,357
129,193
146,209
146,209
266,887
180,032
267,029
255,293
267,029
210,033
205,762
205,762
254,573
275,500
247,156
247,156
295,678
263,755
256,140
256,140
253,468
236,259
251,810
251,810
44,919
78,461
84,174
84,174
223,272
140,301
175,312
175,312
298,941
370,298
981,231
981,231
1,530,169
1,333,786
1,004,271
1,004,271
1,113,743
1,432,087
1,632,274
1,632,274
1,159,152
1,099,570
1,000,138
1,191,218
1,050,881
1,303,727
1,267,587
1,267,587
1,406,952
1,424,038
1,203,125
1,203,125
1,556,049
1,380,289
1,307,657
1,307,657
448,329
456,156
414,412
480,207
441,288
454,911
545,780

545,780

454,911

441,288

480,207

414,412

456,156

448,329

1,307,657

1,380,289

1,556,049

1,203,125

1,424,038

1,406,952

1,267,587

1,303,727

1,050,881

1,191,218

1,000,138

1,099,570

1,159,152

1,632,274

1,432,087

1,113,743

1,004,271

1,333,786

1,530,169

981,231

370,298

298,941

175,312

140,301

223,272

84,174

78,461

44,919

251,810

236,259

253,468

256,140

263,755

295,678

247,156

275,500

254,573

205,762

210,033

267,029

255,293

267,029

180,032

266,887

146,209

129,193

128,357

126,546

128,357

128,720

121,644

123,993

121,517

125,051

115,894

131,519

125,902

122,121

124,473

133,212

126,500

92,799

90,572

101,432

155,946

151,205

33,654

Short-term Debt

0
0
0
0
0
0
0
84,329
72,913
61,172
61,331
61,331
64,900
67,749
69,119
69,119
68,225
68,359
70,030
70,030
78,010
77,455
77,856
77,401
77,856
81,341
85,715
85,715
178,578
83,543
77,401
79,912
77,401
82,277
83,092
83,092
121,210
0
111,395
111,395
92,568
69,072
70,215
70,215
77,767
80,629
85,059
85,059
9,400
9,400
30,784
30,784
125,174
66,771
83,831
83,831
224,864
224,865
515,268
515,268
734,755
732,183
480,754
480,754
919,918
1,102,560
1,384,933
1,384,933
868,725
830,911
730,257
924,468
802,323
975,027
1,070,538
1,070,538
1,200,584
1,215,377
1,008,027
1,008,027
1,327,814
1,134,358
1,050,851
1,050,851
369,490
355,919
344,778
344,087
322,917
328,317
344,028

344,028

328,317

322,917

344,087

344,778

355,919

369,490

1,050,851

1,134,358

1,327,814

1,008,027

1,215,377

1,200,584

1,070,538

975,027

802,323

924,468

730,257

830,911

868,725

1,384,933

1,102,560

919,918

480,754

732,183

734,755

515,268

224,865

224,864

83,831

66,771

125,174

30,784

9,400

85,059

80,629

77,767

70,215

69,072

92,568

111,395

121,210

83,092

82,277

77,401

79,912

77,401

83,543

178,578

85,715

81,341

77,856

77,401

77,856

77,455

78,010

70,030

68,359

68,225

69,119

67,749

64,900

61,331

61,172

72,913

84,329

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
728,429
0
0
0
115,891
0
0
0
495,995
1,945,000
1,794,000
1,818,256
452,924
2,271,822
2,324,585
1,103,106
1,384,933
731,053
868,725
830,911
730,257
924,468
802,323
975,027
1,241,108
1,232,723
1,200,584
1,215,377
1,008,027
1,354,918
1,323,098
1,230,256
1,050,851
516,982
366,791
354,322
344,778
344,087
321,928
327,169
342,566

342,566

327,169

321,928

344,087

344,778

354,322

366,791

516,982

1,050,851

1,230,256

1,323,098

1,354,918

1,008,027

1,215,377

1,200,584

1,232,723

1,241,108

975,027

802,323

924,468

730,257

830,911

868,725

731,053

1,384,933

1,103,106

2,324,585

2,271,822

452,924

1,818,256

1,794,000

1,945,000

495,995

115,891

728,429

Accounts payable

1,799
0
1,995
0
1,693
0
600
600
0
0
5,106
5,106
0
0
2,940
2,940
0
0
1,165
1,165
0
0
7,209
0
7,209
0
6,079
6,079
0
0
21,454
0
21,454
0
23,529
23,529
0
600
16,308
16,308
0
0
23,124
23,124
0
0
10,203
10,203
0
0
12,728
12,728
0
0
10,811
10,811
13,243
18,314
53,281
53,281
9,907
59,307
23,790
23,790
12,597
152,354
70,430
70,430
28,530
7,573
9,701
11,418
45,411
102,939
13,930
13,930
15,739
23,911
10,579
10,579
8,399
10,801
12,405
12,405
18,959
15,132
8,983
35,999
16,300
14,829
7,454

7,454

14,829

16,300

35,999

8,983

15,132

18,959

12,405

10,801

8,399

10,579

23,911

15,739

13,930

102,939

45,411

11,418

9,701

7,573

28,530

70,430

152,354

12,597

23,790

59,307

9,907

53,281

18,314

13,243

10,811

12,728

10,203

23,124

16,308

600

23,529

21,454

6,079

7,209

1,165

2,940

5,106

600

1,693

1,995

1,799

Other Current Liabilities

9,684
35,324
27,620
27,675
30,279
49,663
125,900
125,900
60,299
63,301
35,049
35,049
61,002
63,770
26,407
26,407
56,826
53,158
31,307
31,307
43,634
51,265
13,764
49,145
13,764
47,852
25,253
25,253
88,309
96,489
142,245
175,381
142,245
127,756
76,586
76,586
133,363
274,900
77,521
77,521
203,110
194,683
164,747
164,747
175,701
155,630
148,508
148,508
35,519
69,061
32,938
32,938
98,098
73,530
71,156
71,156
16,979
77,045
411,355
411,355
559,043
314,171
498,691
498,691
83,871
75,870
168,404
168,404
76,072
96,545
242,024
116,733
128,136
144,208
152,450
152,450
97,449
94,918
162,239
162,239
192,352
188,915
188,673
188,673
42,877
66,242
37,611
80,838
82,743
92,437
177,295

177,295

92,437

82,743

80,838

37,611

66,242

42,877

188,673

188,915

192,352

162,239

94,918

97,449

152,450

144,208

128,136

116,733

242,024

96,545

76,072

168,404

75,870

83,871

498,691

314,171

559,043

411,355

77,045

16,979

71,156

73,530

98,098

32,938

69,061

35,519

148,508

155,630

175,701

164,747

194,683

203,110

77,521

274,900

133,363

76,586

127,756

142,245

175,381

142,245

96,489

88,309

25,253

47,852

13,764

49,145

13,764

51,265

43,634

31,307

53,158

56,826

26,407

63,770

61,002

35,049

63,301

60,299

125,900

49,663

30,279

27,675

27,620

35,324

9,684

> Long-term Liabilities

0
0
0
0
0
0
665,300
665,300
1,078,979
1,280,785
1,304,340
1,304,340
1,552,105
1,536,371
1,565,383
1,565,383
1,713,244
1,683,147
1,644,561
1,644,561
1,871,258
1,882,239
1,898,352
1,886,722
1,898,352
1,892,776
1,837,886
1,837,886
1,818,429
1,723,500
1,598,867
1,604,979
1,598,867
1,664,192
1,628,490
1,628,490
1,555,765
1,710,400
1,231,294
1,231,294
1,218,780
1,243,394
1,220,674
1,220,674
1,410,790
1,314,120
1,644,865
1,644,865
491,188
488,628
773,997
773,997
741,295
1,083,576
1,374,641
1,374,641
1,666,850
1,663,213
1,461,319
1,461,319
1,081,900
1,121,198
1,372,813
1,372,813
1,561,869
1,428,707
1,335,709
1,335,709
2,191,127
1,941,118
1,980,666
1,739,282
1,812,902
1,721,851
1,631,994
1,631,994
1,477,298
1,461,368
1,505,639
1,505,639
1,175,120
1,271,168
1,463,887
1,463,887
1,107,673
1,094,269
964,974
902,522
938,247
916,105
935,764

935,764

916,105

938,247

902,522

964,974

1,094,269

1,107,673

1,463,887

1,271,168

1,175,120

1,505,639

1,461,368

1,477,298

1,631,994

1,721,851

1,812,902

1,739,282

1,980,666

1,941,118

2,191,127

1,335,709

1,428,707

1,561,869

1,372,813

1,121,198

1,081,900

1,461,319

1,663,213

1,666,850

1,374,641

1,083,576

741,295

773,997

488,628

491,188

1,644,865

1,314,120

1,410,790

1,220,674

1,243,394

1,218,780

1,231,294

1,710,400

1,555,765

1,628,490

1,664,192

1,598,867

1,604,979

1,598,867

1,723,500

1,818,429

1,837,886

1,892,776

1,898,352

1,886,722

1,898,352

1,882,239

1,871,258

1,644,561

1,683,147

1,713,244

1,565,383

1,536,371

1,552,105

1,304,340

1,280,785

1,078,979

665,300

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,835,102
1,588,722
1,665,185
1,579,365
1,294,719
1,324,593
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,324,593

1,294,719

1,579,365

1,665,185

1,588,722

1,835,102

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,560
147,717
142,486
24,710
148,408
133,017
134,972
137,702
138,165
118,637
119,703
104,937
86,038
92,187
94,843
35,806
0
0
0
0

35,806

94,843

92,187

86,038

104,937

119,703

118,637

138,165

137,702

134,972

133,017

148,408

24,710

142,486

147,717

150,560

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
24,484
0
0
0
26,801
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
161,555
0

161,555

26,801

24,484

> Total Stockholder Equity

257,034
166,829
174,397
183,442
189,515
191,432
196,100
196,100
214,675
276,967
340,435
340,435
376,958
382,345
402,770
402,770
416,354
427,378
434,554
434,554
480,463
475,021
507,044
537,470
507,044
476,815
552,532
552,532
534,512
552,892
452,145
449,855
452,145
472,908
495,511
495,511
459,597
454,900
410,588
410,588
594,449
586,760
677,765
677,765
703,192
841,802
896,757
896,757
1,927,976
1,860,150
1,804,137
1,804,137
2,442,168
2,393,805
2,282,507
2,282,507
2,198,750
1,995,665
1,873,526
1,873,526
1,710,890
1,684,383
1,840,959
1,840,959
1,760,151
1,714,533
1,715,316
1,715,316
1,703,561
2,063,226
1,745,125
1,690,306
1,577,063
1,490,084
1,498,261
1,498,261
1,203,507
1,182,046
1,293,007
1,293,007
1,811,052
1,717,175
1,729,484
1,729,484
2,294,909
2,427,996
2,500,224
2,149,219
2,091,629
2,155,210
2,067,669

2,067,669

2,155,210

2,091,629

2,149,219

2,500,224

2,427,996

2,294,909

1,729,484

1,717,175

1,811,052

1,293,007

1,182,046

1,203,507

1,498,261

1,490,084

1,577,063

1,690,306

1,745,125

2,063,226

1,703,561

1,715,316

1,714,533

1,760,151

1,840,959

1,684,383

1,710,890

1,873,526

1,995,665

2,198,750

2,282,507

2,393,805

2,442,168

1,804,137

1,860,150

1,927,976

896,757

841,802

703,192

677,765

586,760

594,449

410,588

454,900

459,597

495,511

472,908

452,145

449,855

452,145

552,892

534,512

552,532

476,815

507,044

537,470

507,044

475,021

480,463

434,554

427,378

416,354

402,770

382,345

376,958

340,435

276,967

214,675

196,100

191,432

189,515

183,442

174,397

166,829

257,034

Retained Earnings

0
0
7,576
0
22,694
0
34,713
44,429
51,557
58,656
74,283
74,283
0
0
130,116
130,116
0
0
164,275
164,275
0
0
235,948
0
235,948
0
211,386
211,386
0
0
134,089
0
134,089
139,810
157,076
157,076
135,551
134,197
78,086
78,086
50,857
42,645
34,093
34,093
30,014
41,856
-4,649
-4,649
956,451
906,906
874,296
874,296
790,236
756,007
672,060
672,060
613,642
427,052
315,696
315,696
128,425
99,836
81,347
81,347
-45,869
-94,511
-95,742
-95,742
-90,331
-36,696
-364,379
-420,763
-548,090
-629,913
-605,145
-605,145
-917,274
-939,076
-929,620
-929,620
-434,153
-547,607
-540,764
-540,764
63,298
195,524
262,063
160,200
100,909
163,719
77,035

77,035

163,719

100,909

160,200

262,063

195,524

63,298

-540,764

-547,607

-434,153

-929,620

-939,076

-917,274

-605,145

-629,913

-548,090

-420,763

-364,379

-36,696

-90,331

-95,742

-94,511

-45,869

81,347

99,836

128,425

315,696

427,052

613,642

672,060

756,007

790,236

874,296

906,906

956,451

-4,649

41,856

30,014

34,093

42,645

50,857

78,086

134,197

135,551

157,076

139,810

134,089

211,386

235,948

164,275

130,116

74,283

58,656

51,557

44,429

34,713

22,694

7,576

Accumulated Other Comprehensive Income

0
0
0
0
0
0
392,200
392,200
-60,356
-60,356
-89,052
-89,052
-89,052
-89,052
-3,737
-3,737
-125,929
-125,929
-5,948
-5,948
-175,903
-175,903
-8,477
-223,667
-8,477
-223,667
-6,902
-6,902
0
0
-34,639
0
-34,639
0
-18,819
-18,819
0
909,800
-33,311
-33,311
-31,953
-34,122
-34,948
-34,948
-32,856
-31,994
-33,139
-33,139
36,388
17,728
-6,757
-6,757
53,327
39,101
5,171
5,171
-19,247
-41,858
-41,254
-41,254
-11,500
-9,986
-9,542
-9,542
-7,910
-7,921
-7,769
-7,769
-31,906
-35,637
-28,512
-29,529
-27,861
-35,136
-34,866
-34,866
-56,000
-57,000
-56,919
-56,919
0
-15,802
-10,834
-10,834
-10,746
-10,702
-5,811
-5,922
-4,171
-4,446
-5,072

-5,072

-4,446

-4,171

-5,922

-5,811

-10,702

-10,746

-10,834

-15,802

-56,919

-57,000

-56,000

-34,866

-35,136

-27,861

-29,529

-28,512

-35,637

-31,906

-7,769

-7,921

-7,910

-9,542

-9,986

-11,500

-41,254

-41,858

-19,247

5,171

39,101

53,327

-6,757

17,728

36,388

-33,139

-31,994

-32,856

-34,948

-34,122

-31,953

-33,311

909,800

-18,819

-34,639

-6,902

-223,667

-8,477

-223,667

-8,477

-175,903

-5,948

-125,929

-3,737

-89,052

-60,356

392,200

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,057,196
2,059,778
2,072,194
2,074,313
2,076,067
2,077,249
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,077,249

2,076,067

2,074,313

2,072,194

2,059,778

2,057,196

Treasury Stock

-39,098

-20,483

-12,269

-2,280

-6,841

-6,906

-6,841

-6,834

-8,201

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	7,454	8,983	12,405	10,579	13,930	9,701	70,430	23,790	53,281	10,811	12,728	10,203	23,124	16,308	21,454	21,454	7,209	7,209	1,165	2,940	5,106	3,001	1,995	1,799	-	-
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	-	-
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	-	-
Accumulated Other Comprehensive Income	-5,072	-5,811	-10,834	-56,919	-34,866	-28,512	-7,769	-9,542	-41,254	5,171	-6,757	-33,139	-34,948	-33,311	-34,639	-78,040	-8,477	-8,477	-5,948	-3,737	-89,052	-60,356	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	-	-
Capital Lease Obligations	7,343	3,587	11,429	15,639	10,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	104,578	107,226	108,223	109,944	101,303	101,303	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	0	0	0	2,076,067	2,057,196	1,738,191	1,688,556	1,517,806	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash	697,340	878,838	268,627	127,691	222,123	217,835	214,862	224,190	105,235	191,410	125,347	491,041	66,913	164,717	56,114	56,114	56,616	56,616	62,227	51,598	117,883	52,741	57,569	5,741	2,567	1,806
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	-	-
Cash And Short Term Investments	697,340	1,125,319	268,627	127,691	222,123	217,835	214,862	224,190	105,235	191,410	125,347	491,041	94,925	186,532	116,466	0	56,616	56,616	62,227	51,598	131,693	52,741	57,569	19,972	2,567	1,806
Common Stock	104,578	107,226	108,223	109,944	101,303	101,303	101,119	101,081	93,547	93,415	80,580	80,504	80,237	67,808	67,577	67,577	65,562	65,562	65,562	65,612	65,612	56,012	56,012	1,016,288	-	-
Common Stock Shares Outstanding	106,620	108,542	109,644	96,983	100,659	100,684	100,597	93,933	93,422	87,013	85,456	84,243	75,033	67,393	67,214	67,200	68,260	68,260	69,058	66,468	58,191	56,535	54,575	50,400	61,900	55,617
Common Stock Total Equity	0	0	0	109,944	101,303	101,303	101,119	101,081	93,547	93,415	80,580	80,504	80,237	67,808	67,577	67,577	67,577	65,562	65,562	65,612	65,612	56,012	0	0	-	-
Current Deferred Revenue	17,003	23,040	55,728	22,280	30,669	18,156	8,507	1,036	1,327	9,514	7,724	8,040	-1,946	-15,870	25,929	0	29,528	29,528	21,491	17,428	20,635	10,928	8,733	7,281	-	-
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	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	26,801	24,484	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	-	-
Good Will	0	0	0	0	0	0	50,837	6,636	6,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,439	-	-
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	9,439	-	-
Inventory	0	692	536	1,533	1,228	7,006	7,408	7,257	8,650	8,317	11,951	2,051	3,211	5,664	4,748	4,748	3,392	3,392	4,974	3,556	3,203	2,482	2,650	2,059	-	-
Liabilities And Stockholders Equity	4,083,987	4,279,560	4,948,295	4,339,895	4,662,295	4,806,595	4,764,287	4,263,084	4,336,889	3,832,460	2,662,308	2,974,148	2,232,634	2,077,772	2,359,729	2,318,041	2,566,189	2,566,189	2,230,695	2,110,329	1,785,602	987,935	855,991	817,990	724,101	594,264
Long Term Debt	874,164	844,546	1,358,950	1,367,937	1,294,719	1,835,102	1,025,914	1,320,599	1,344,509	1,264,356	686,244	490,506	1,107,177	1,097,658	1,552,077	1,521,647	1,759,715	1,813,536	1,559,683	1,479,350	1,210,114	629,173	483,276	491,729	-	-
Long Term Debt Total	0	0	0	0	1,294,719	1,835,102	1,025,914	1,525,744	1,344,509	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Investments	53,982	104,108	52,215	312,635	508,805	579,129	710,572	656,127	554,242	766,213	869,269	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	-	-
Net Debt	526,733	314,073	2,141,174	2,248,273	2,337,759	2,347,524	2,195,985	1,577,163	1,802,127	1,189,377	591,681	1,130,755	1,110,479	1,044,336	1,542,934	752,507	1,834,776	1,834,776	1,567,486	1,496,871	1,153,562	657,572	552,038	508,159	123,741	-1,806
Net Invested Capital	3,284,399	3,689,548	4,139,285	3,668,971	4,034,088	4,310,484	4,126,163	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	57,575	55,431	3,484	2,112	1,743	9,425	7,898	7,915	25,647	32,703	6,311	54	354	222	23,018	23,018	4,953	4,953	368	866	1,668	281	449	111	-	-
Net Tangible Assets	0	2,500,224	1,729,484	1,293,007	1,498,261	1,745,125	1,715,316	1,863,262	1,895,366	2,235,767	1,804,137	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Working Capital	269,784	844,094	-382,060	-907,916	-1,072,560	-350,201	-1,158,814	-278,709	-311,157	400,473	94,609	285,315	-150,174	-41,703	-122,259	-122,259	3,975	3,975	5,597	309	62,445	-55,524	-78,513	4,882	-	-
Non Current Assets Total	3,268,423	3,021,054	4,022,698	4,044,686	4,260,755	4,156,658	4,290,827	3,537,522	3,666,815	3,256,675	2,483,525	2,437,023	2,126,668	1,873,440	2,214,959	0	2,433,857	2,433,857	2,101,105	1,994,126	1,601,036	916,913	778,558	779,454	158,110	-
Non Current Liabilities Other	0	35,806	104,937	137,702	24,710	21,682	22,873	14,341	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Current Liabilities Total	935,764	964,974	1,463,887	1,505,639	1,631,994	1,980,666	1,335,709	1,372,813	1,461,319	1,374,641	773,997	1,644,865	1,220,674	1,232,415	1,598,867	0	1,898,352	1,898,352	1,644,561	1,565,383	1,304,340	651,904	499,828	501,291	126,308	-
Non Currrent Assets Other	296,119	622,208	214,971	90,731	157,153	293,497	325,707	273,639	273,365	98,779	81,843	229,178	209,132	234,361	622,722	612,430	820,936	820,936	714,546	721,641	628,756	7,659	4,331	4,456	-158,110	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Assets	0	627,861	214,971	90,731	147,298	279,852	315,541	283,721	231,211	82,640	31,905	45,786	16,515	40,973	25,047	54,963	45,652	39,844	15,238	6,839	5,577	7,659	4,331	4,456	563,424	594,264
Other Current Assets	60,649	337,431	576,149	39,863	35,978	90,644	28,435	18,363	37,877	27,957	23,693	13,579	10,687	17,578	538	32,361	13,811	13,811	11,728	18,230	15,907	2,135	16,765	16,394	-	-
Other Current Liab	177,295	37,611	188,673	162,239	152,450	242,024	168,404	498,691	411,355	71,156	32,938	148,508	164,747	134,202	142,245	168,174	13,764	13,764	31,307	26,407	35,049	31,477	18,887	2,403	-	-
Other Liab	0	120,428	104,937	137,702	136,169	145,564	309,795	52,214	54,080	75,440	84,266	72,515	113,497	133,636	76,413	77,220	78,171	84,816	84,878	86,033	94,226	22,731	16,552	9,562	-	-
Other Stockholder Equity	1,891,128	2,136,746	2,172,859	2,169,602	2,036,969	2,036,713	1,717,708	1,668,073	1,505,537	1,511,861	856,018	854,042	598,383	298,005	285,118	0	214,011	214,011	210,665	210,779	289,592	165,767	174,397	257,034	225,056	220,641
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	-	-
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	-	-
Property Plant And Equipment Gross	3,060,933	2,294,738	3,755,512	3,641,320	3,604,644	3,291,379	3,254,548	2,615,059	2,850,727	2,338,636	1,579,240	1,009,474	1,895,007	1,618,803	1,561,313	1,561,313	1,448,576	1,515,538	1,320,609	1,223,616	972,280	909,254	774,227	765,559	158,110	-
Property Plant And Equipment Net	2,647,891	2,294,738	3,755,512	3,641,320	3,594,797	3,291,379	3,254,548	2,615,059	2,850,727	2,343,045	1,579,240	2,202,253	1,895,007	1,618,803	1,561,313	0	1,515,538	1,515,538	1,320,609	1,223,616	972,280	909,254	774,227	765,559	158,110	-
Property Plant Equipment	0	2,289,085	3,755,512	3,641,320	3,604,644	3,291,379	3,254,548	2,885,824	2,850,727	2,338,636	1,579,240	1,009,474	1,895,007	1,618,803	1,646,059	1,561,313	1,448,576	1,515,538	1,320,609	1,223,616	972,280	909,254	774,227	765,559	-	-
Retained Earnings	77,035	262,063	-540,764	-929,620	-605,145	-364,379	-95,742	81,347	315,696	672,060	874,296	-4,649	34,093	78,086	134,089	134,089	235,948	235,948	164,275	130,116	74,283	34,713	7,576	0	-	-
Retained Earnings 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	-	-
Short Long Term Debt	342,566	344,778	1,050,851	1,008,027	1,241,108	730,257	1,384,933	451,454	495,995	115,891	728,429	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt Total	1,224,073	1,192,911	2,409,801	2,375,964	2,559,882	2,565,359	2,410,847	1,801,353	1,907,362	1,380,787	717,028	1,621,796	1,177,392	1,209,053	1,599,048	808,621	1,891,392	1,891,392	1,629,713	1,548,469	1,271,445	710,313	609,607	513,900	126,308	-
Short Term Debt	344,028	344,778	1,050,851	1,008,027	1,070,538	730,257	1,384,933	480,754	515,268	83,831	30,784	85,059	70,215	111,395	77,401	71,395	77,856	77,856	70,030	69,119	61,331	81,140	126,331	22,171	-	-
Short Term Investments	18,115	246,481	450,225	0	0	7,347	222,265	183,525	228,202	74,162	23,432	1,551	28,012	21,815	60,352	60,352	40,942	15,482	23,785	12,866	13,810	12,760	14,163	14,231	-	-
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	-	-
Total Assets	4,083,987	4,279,560	4,948,295	4,339,895	4,662,295	4,806,595	4,764,287	4,263,084	4,336,889	3,832,460	2,662,308	2,974,148	2,232,634	2,077,772	2,359,729	2,359,729	2,566,189	2,566,189	2,230,695	2,110,329	1,785,602	987,935	855,991	817,990	724,101	594,264
Total Current Assets	815,564	1,258,506	925,597	295,209	401,540	649,937	473,460	725,562	670,074	575,785	178,783	537,125	105,966	204,332	144,770	144,770	132,332	132,332	129,590	116,203	184,566	71,022	77,433	38,536	2,567	1,806
Total Current Liabilities	545,780	414,412	1,307,657	1,203,125	1,267,587	1,000,138	1,632,274	1,004,271	981,231	175,312	84,174	251,810	256,140	246,035	267,029	267,029	128,357	128,357	123,993	115,894	122,121	126,546	155,946	33,654	-	-
Total Liab	1,481,544	1,379,386	2,771,544	2,708,764	2,899,581	2,980,804	2,967,983	2,377,084	2,442,550	1,549,953	858,171	1,896,675	1,476,814	1,478,450	1,865,896	1,865,896	2,026,709	2,026,709	1,768,554	1,681,277	1,426,461	778,450	655,774	534,945	484,795	373,623
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	-	-
Total Stockholder Equity	2,067,669	2,500,224	1,729,484	1,293,007	1,498,261	1,745,125	1,715,316	1,840,959	1,873,526	2,282,507	1,804,137	896,757	677,765	410,588	452,145	452,145	507,044	507,044	434,554	402,770	340,435	196,136	174,397	257,034	225,056	220,641
Treasury Stock	0	0	0	0	-39,098	-20,483	-20,483	-20,483	-12,269	0	0	0	0	-2,280	-6,841	-6,834	-8,201	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	-	-

	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	2000-12-31
Accounts Payable	7,454	14,829	16,300	35,999	8,983	15,132	18,959	12,405	12,405	10,801	8,399	10,579	10,579	23,911	15,739	13,930	13,930	102,939	45,411	11,418	9,701	7,573	28,530	70,430	70,430	152,354	12,597	23,790	23,790	59,307	9,907	53,281	53,281	18,314	13,243	10,811	10,811	0	0	12,728	12,728	0	0	10,203	10,203	0	0	23,124	23,124	0	0	16,308	16,308	600	0	23,529	23,529	0	21,454	0	21,454	0	0	6,079	6,079	0	7,209	0	7,209	0	0	1,165	1,165	0	0	2,940	2,940	0	0	5,106	5,106	0	0	600	600	0	1,693	0	1,995	-	1,799
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
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
Accumulated Other Comprehensive Income	-5,072	-4,446	-4,171	-5,922	-5,811	-10,702	-10,746	-10,834	-10,834	-15,802	0	-56,919	-56,919	-57,000	-56,000	-34,866	-34,866	-35,136	-27,861	-29,529	-28,512	-35,637	-31,906	-7,769	-7,769	-7,921	-7,910	-9,542	-9,542	-9,986	-11,500	-41,254	-41,254	-41,858	-19,247	5,171	5,171	39,101	53,327	-6,757	-6,757	17,728	36,388	-33,139	-33,139	-31,994	-32,856	-34,948	-34,948	-34,122	-31,953	-33,311	-33,311	909,800	0	-18,819	-18,819	0	-34,639	0	-34,639	0	0	-6,902	-6,902	-223,667	-8,477	-223,667	-8,477	-175,903	-175,903	-5,948	-5,948	-125,929	-125,929	-3,737	-3,737	-89,052	-89,052	-89,052	-89,052	-60,356	-60,356	392,200	392,200	0	0	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
Capital Lease Obligations	7,343	7,227	7,603	6,828	3,587	1,597	2,699	3,389	11,429	4,102	4,716	4,015	15,639	0	0	0	10,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	104,578	105,925	106,027	107,424	107,226	107,447	107,841	107,988	108,223	108,223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,077,249	2,076,067	2,074,313	2,072,194	2,059,778	2,057,196	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	697,340	727,133	770,567	889,410	878,838	498,164	528,798	268,627	268,627	123,690	207,272	127,691	127,691	76,696	128,661	222,123	222,123	250,153	139,834	212,673	217,835	306,387	375,067	214,862	214,862	286,562	343,226	224,190	224,190	137,904	64,720	105,235	105,235	222,842	374,828	191,410	191,410	390,004	484,683	125,347	125,347	56,049	191,457	491,041	491,041	118,464	77,489	66,913	66,913	115,412	148,897	164,717	164,717	87,200	135,360	122,231	122,231	154,640	56,114	65,644	56,114	88,905	72,055	185,739	185,739	127,296	56,616	102,420	56,616	65,329	65,532	62,227	62,227	77,710	87,794	51,598	51,598	101,503	102,687	117,883	117,883	96,804	50,078	52,700	52,700	0	0	0	57,569	-	5,741
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
Cash And Short Term Investments	697,340	727,133	770,567	889,410	1,125,319	1,041,368	1,020,552	268,627	268,627	624,923	867,914	127,691	127,691	76,696	128,661	222,123	222,123	250,153	139,834	212,673	217,835	306,387	375,067	214,862	214,862	286,562	343,226	224,190	224,190	137,904	64,720	105,235	105,235	222,842	374,828	191,410	191,410	390,004	484,683	125,347	125,347	56,049	191,457	491,041	491,041	164,251	114,909	94,925	94,925	143,199	183,188	186,532	186,532	87,200	178,522	162,882	162,882	217,330	116,466	122,323	116,466	156,671	126,923	226,681	226,681	127,296	56,616	102,420	56,616	65,329	65,532	62,227	62,227	77,710	87,794	51,598	51,598	101,503	102,687	131,693	131,693	96,804	50,078	52,700	52,700	0	0	0	0	-	0
Common Stock	104,578	105,925	106,027	107,424	107,226	107,447	107,841	108,223	108,223	108,223	110,208	109,944	109,944	97,876	97,876	101,303	101,303	101,303	101,303	101,303	101,303	101,299	101,239	101,119	101,119	101,108	101,081	101,081	101,081	93,547	93,547	93,547	93,547	93,423	93,423	93,415	93,415	93,281	93,280	80,580	80,580	80,537	80,520	80,504	80,504	80,407	80,324	80,237	80,237	80,145	79,948	67,808	67,808	67,577	67,577	67,577	67,577	67,577	67,577	449,855	67,577	552,892	534,512	67,577	67,577	476,815	65,562	537,470	65,562	475,021	480,463	65,562	65,562	427,378	416,354	65,612	65,612	382,345	376,958	65,612	65,612	0	0	205,852	56,012	191,432	56,012	183,442	56,012	166,829	1,016,288
Common Stock Shares Outstanding	104,578	105,900	106,000	107,266	108,542	108,431	107,800	108,223	108,223	110,476	109,944	109,944	109,944	97,800	97,800	101,302	101,302	101,300	100,301	101,303	101,302	101,046	101,100	101,118	101,118	100,635	101,081	101,081	93,046	93,100	93,547	93,547	93,547	93,500	89,900	93,415	93,415	93,300	80,572	80,579	80,579	80,536	80,519	80,503	80,503	80,324	80,324	80,164	80,164	80,325	75,934	68,191	67,400	67,127	67,127	78,220	66,800	51,450	67,803	64,000	67,200	67,148	68,847	66,399	64,800	65,487	76,354	65,562	66,300	65,562	65,562	79,546	66,200	65,562	65,562	69,035	65,585	65,612	65,612	60,852	62,200	59,847	56,012	56,000	56,000	0	0	0	0	-	0
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	109,944	0	0	101,303	101,303	101,303	101,303	101,303	101,303	101,299	101,239	101,138	101,119	101,108	101,081	101,081	101,081	93,547	93,547	93,547	93,547	93,423	93,423	93,415	93,415	93,281	93,280	80,580	80,580	80,537	80,520	80,504	80,504	80,407	80,324	80,299	80,237	80,145	79,948	67,808	67,808	0	0	0	67,577	0	0	0	67,577	0	0	67,577	67,577	0	0	0	65,562	0	0	0	65,562	0	0	0	65,612	0	0	0	65,612	0	0	0	0	0	0	0	0	-	0
Current Deferred Revenue	17,003	19,328	19,328	19,283	23,040	18,863	17,003	55,728	55,728	46,215	27,484	22,280	22,280	89,832	93,180	30,669	30,669	81,553	75,011	138,599	18,156	164,541	185,825	8,507	8,507	101,303	97,357	1,036	1,036	228,125	226,464	1,327	1,327	50,074	43,855	9,514	9,514	0	0	7,724	7,724	0	0	8,040	8,040	0	0	-1,946	-1,946	0	0	41,932	41,932	0	0	22,555	22,555	0	25,929	0	25,929	0	0	29,162	29,162	0	29,528	0	29,528	0	0	21,491	21,491	0	0	17,428	17,428	0	0	20,635	20,635	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
Deferred Long Term Liab	0	161,555	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,801	0	0	0	24,484	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
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	50,660	50,837	7,414	7,492	6,583	6,636	0	0	0	6,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	9,439
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	9,439
Inventory	0	39,191	-2,461	-2,064	692	745	2,230	536	536	1,078	1,195	1,533	1,533	4,423	3,671	1,228	1,228	5,590	8,195	8,565	7,006	5,998	7,443	7,408	7,408	9,570	6,810	7,257	7,257	5,891	5,595	8,650	8,650	5,194	7,446	8,317	8,317	0	9,112	11,951	11,951	23,423	0	2,051	2,051	0	3,388	3,211	3,211	0	44,037	5,664	5,664	0	0	6,882	6,882	0	4,748	0	4,748	0	0	4,133	4,133	60,938	3,392	65,668	3,392	0	0	4,974	4,974	0	0	3,556	3,556	0	0	3,203	3,203	0	0	0	2,482	0	2,571	0	2,650	-	2,059
Liabilities And Stockholders Equity	4,083,987	4,033,845	3,930,783	3,969,239	4,279,560	4,386,244	4,222,775	4,948,295	4,948,295	4,804,153	4,946,097	4,339,895	4,339,895	4,385,938	4,369,239	4,662,295	4,662,295	4,717,616	4,624,297	4,722,289	4,806,595	5,187,084	5,192,974	4,764,287	4,764,287	4,645,223	4,498,258	4,263,084	4,263,084	4,178,955	4,356,001	4,336,889	4,336,889	4,038,969	4,171,231	3,832,460	3,834,115	3,617,682	3,406,735	2,662,308	2,662,308	2,427,239	2,464,083	2,974,148	2,974,148	2,542,589	2,451,024	2,232,634	2,232,634	2,264,469	2,277,517	2,077,772	2,077,772	2,440,800	2,425,996	2,492,436	2,492,436	2,504,462	2,359,729	2,354,271	2,359,729	2,498,500	2,660,194	2,573,610	2,573,610	2,536,037	2,566,189	2,584,934	2,566,189	2,518,781	2,505,503	2,230,695	2,230,695	2,257,070	2,284,714	2,110,329	2,110,329	2,073,765	2,078,850	1,785,602	1,785,602	1,697,875	1,439,947	987,900	987,900	0	0	0	0	-	0
Long Term Debt	874,164	850,443	867,350	818,930	844,546	999,426	1,015,486	1,124,649	1,358,950	1,051,465	1,056,483	1,018,964	1,367,937	1,326,396	1,344,281	1,324,593	1,294,719	1,579,365	1,665,185	1,588,722	1,835,102	1,788,669	1,855,960	1,735,559	1,025,914	1,199,989	1,403,112	1,422,952	1,320,599	1,068,108	1,030,801	1,171,869	1,376,443	1,590,899	1,593,124	1,334,072	1,264,356	999,275	656,875	600,120	686,244	402,413	403,605	404,784	490,506	1,206,007	1,300,878	1,335,644	1,107,177	1,131,609	1,105,673	1,093,795	1,097,658	1,484,295	1,480,938	1,456,681	1,552,077	1,589,638	1,615,395	1,528,568	1,521,647	1,648,066	1,742,193	1,767,422	1,759,715	1,809,084	1,796,548	1,802,469	1,813,536	1,799,212	1,787,555	1,660,500	1,559,683	1,599,293	1,628,918	1,636,763	1,479,350	1,443,813	1,458,995	1,213,729	1,210,114	1,188,804	1,010,669	620,747	629,173	636,517	626,181	575,131	483,276	503,918	491,729
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,324,593	1,294,719	1,579,365	1,665,185	1,588,722	1,835,102	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,982	45,340	46,244	47,463	104,108	196,912	184,693	113,709	52,215	50,573	51,292	48,077	312,635	303,629	312,601	455,195	508,805	507,100	522,538	560,232	585,427	723,798	732,347	749,595	720,738	696,786	680,557	665,240	661,149	647,716	518,000	531,000	554,242	0	0	0	766,213	0	0	0	869,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	526,733	457,706	426,314	280,435	314,073	857,181	856,178	2,141,174	2,141,174	2,162,133	2,177,025	2,248,273	2,248,273	2,465,077	2,416,204	2,337,759	2,337,759	2,304,239	2,327,674	2,300,517	2,347,524	2,313,193	2,349,618	2,195,985	2,195,985	2,015,987	1,979,804	1,577,163	1,577,163	1,662,387	1,700,836	1,802,127	1,802,127	1,592,922	1,443,160	1,189,377	1,189,377	676,042	297,366	591,681	591,681	355,764	221,548	1,130,755	1,130,755	1,168,172	1,301,156	1,110,479	1,110,479	1,085,269	1,049,344	1,044,336	1,044,336	1,528,800	1,466,788	1,512,938	1,512,938	1,517,275	1,542,934	1,542,836	1,542,934	1,642,704	1,848,716	1,659,691	1,659,691	1,763,129	1,834,776	1,777,450	1,834,776	1,811,338	1,800,033	1,567,486	1,567,486	1,589,942	1,609,349	1,496,871	1,496,871	1,410,059	1,421,208	1,153,562	1,153,562	1,153,172	1,033,504	657,600	657,600	0	0	0	0	-	0
Net Invested Capital	3,284,399	3,332,822	3,280,907	3,312,236	3,689,548	3,781,744	3,677,186	3,710,175	4,139,285	3,998,896	4,190,633	3,689,895	3,668,971	3,723,819	3,748,372	3,917,847	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	57,575	54,414	56,763	59,417	55,431	73,943	63,907	3,484	3,484	34,249	29,711	2,112	2,112	24,946	24,111	1,743	1,743	23,059	38,927	35,478	9,425	55,583	38,772	7,898	7,898	22,355	12,971	7,915	7,915	16,496	16,540	25,647	25,647	52,339	148,497	32,703	32,703	32,051	37,168	6,311	6,311	32,843	30,867	54	54	47	131	354	354	294	174	9,296	9,296	700	518	9,293	9,293	661	23,018	479	23,018	438	281	12,081	12,081	817	4,953	602	4,953	525	2,271	368	368	28	432	866	866	254	298	1,668	1,668	83	84	300	300	258	3,239	125	2,739	154	3,298
Net Tangible Assets	0	2,155,210	2,091,629	2,149,219	2,500,224	2,427,996	2,294,909	2,068,544	1,729,484	1,717,175	1,811,052	1,316,013	1,293,007	1,182,046	1,203,507	1,360,531	1,498,261	1,490,084	1,577,063	1,690,306	1,745,125	2,063,226	1,703,561	1,686,995	1,715,316	1,714,533	1,760,151	1,836,935	1,863,262	0	0	0	1,895,366	0	0	0	2,235,767	0	0	0	1,804,137	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	269,784	429,918	513,020	556,757	844,094	715,951	677,065	803,890	-382,060	-743,968	-594,845	-976,743	-907,916	-1,207,579	-1,165,106	-1,191,070	-866,047	-786,266	-596,457	-584,402	-350,201	-413,164	-445,024	-1,158,814	-1,158,814	-843,513	-545,509	-278,709	-278,709	-697,144	-540,282	-311,157	-311,157	18,094	285,919	400,473	400,473	306,840	317,972	94,609	94,609	54,243	205,392	285,315	285,315	-55,596	-122,868	-150,174	-150,174	-103,699	-29,909	-42,824	-42,824	-75,100	-57,719	-23,634	-23,634	25,531	-122,259	-116,100	-122,259	8,507	40,787	124,112	124,112	90,014	3,975	61,535	3,975	15,982	14,132	5,597	5,597	17,090	18,773	309	309	34,992	34,791	62,445	62,445	21,183	-50,062	-55,500	-55,500	0	0	0	0	-	0
Non Current Assets Total	3,268,423	3,149,016	2,976,475	2,932,275	3,021,054	3,214,137	3,097,381	4,022,698	4,022,698	4,067,832	3,984,893	4,044,686	4,044,686	4,169,479	4,127,393	4,260,755	4,260,755	4,200,155	4,169,873	4,115,473	4,156,658	4,500,678	4,478,846	4,290,827	4,290,827	4,056,649	3,930,024	3,537,522	3,537,522	3,542,313	3,366,114	3,666,815	3,666,815	3,650,577	3,586,371	3,256,675	3,256,675	3,170,541	2,865,491	2,483,525	2,483,525	2,294,535	2,213,772	2,437,023	2,437,023	2,361,926	2,320,424	2,126,668	2,126,668	2,104,413	2,011,748	1,873,440	1,873,440	2,240,400	2,229,142	2,310,308	2,310,308	2,268,898	2,214,959	2,215,078	2,214,959	2,309,961	2,352,520	2,303,289	2,303,289	2,316,830	2,433,857	2,396,853	2,433,857	2,374,079	2,369,727	2,101,105	2,101,105	2,118,463	2,140,890	1,994,126	1,994,126	1,907,254	1,918,157	1,601,036	1,601,036	1,552,219	1,356,797	916,900	916,900	0	0	0	0	-	0
Non Current Liabilities Other	0	0	0	0	35,806	94,843	92,187	86,038	104,937	119,703	118,637	138,165	137,702	134,972	133,017	148,408	24,710	142,486	147,717	150,560	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	935,764	916,105	938,247	902,522	964,974	1,094,269	1,107,673	1,463,887	1,463,887	1,271,168	1,175,120	1,505,639	1,505,639	1,461,368	1,477,298	1,631,994	1,631,994	1,721,851	1,812,902	1,739,282	1,980,666	1,941,118	2,191,127	1,335,709	1,335,709	1,428,707	1,561,869	1,372,813	1,372,813	1,121,198	1,081,900	1,461,319	1,461,319	1,663,213	1,666,850	1,374,641	1,374,641	1,083,576	741,295	773,997	773,997	488,628	491,188	1,644,865	1,644,865	1,314,120	1,410,790	1,220,674	1,220,674	1,243,394	1,218,780	1,231,294	1,231,294	1,710,400	1,555,765	1,628,490	1,628,490	1,664,192	1,598,867	1,604,979	1,598,867	1,723,500	1,818,429	1,837,886	1,837,886	1,892,776	1,898,352	1,886,722	1,898,352	1,882,239	1,871,258	1,644,561	1,644,561	1,683,147	1,713,244	1,565,383	1,565,383	1,536,371	1,552,105	1,304,340	1,304,340	1,280,785	1,078,979	665,300	665,300	0	0	0	0	-	0
Non Currrent Assets Other	296,119	670,326	528,251	557,189	622,208	753,962	676,854	214,971	214,971	250,877	158,765	90,731	90,731	95,543	79,444	157,153	157,153	217,064	269,406	277,202	293,497	475,149	420,158	325,707	325,707	239,386	287,484	273,639	273,639	300,410	313,198	273,365	273,365	57,643	252,903	98,779	98,779	60,233	49,578	81,843	81,843	103,708	78,879	229,178	229,178	217,643	214,134	209,132	209,132	218,861	225,500	215,985	215,985	598,200	573,316	643,006	643,006	623,639	622,722	620,941	622,722	769,489	833,645	840,528	840,528	881,751	820,936	940,336	820,936	859,755	849,851	714,546	714,546	784,916	794,844	721,641	721,641	724,888	726,273	628,756	628,756	591,411	436,065	7,600	7,600	0	0	0	0	-	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Other Assets	0	616,368	480,291	513,340	627,861	696,346	644,571	372,587	214,971	250,877	158,765	95,993	90,731	83,676	79,444	106,906	147,298	217,064	257,095	284,549	279,852	460,920	403,822	329,082	1,036,279	931,018	963,538	954,835	944,676	948,126	843,726	847,814	816,088	863,382	821,555	947,468	910,519	911,432	919,960	877,989	904,285	1,055,794	1,054,453	1,015,341	965,000	223,320	219,589	218,908	231,661	237,797	244,770	244,292	254,637	618,800	593,964	614,552	664,249	653,186	729,809	651,667	653,646	808,581	851,106	870,777	854,713	881,751	857,835	940,336	918,319	859,755	849,851	789,551	780,496	784,888	794,844	771,827	777,166	724,888	726,273	642,777	628,756	591,411	436,065	10,004	7,659	6,441	6,157	5,169	4,331	4,345	13,895
Other Current Assets	60,649	64,091	68,483	69,528	337,431	56,051	569,013	576,149	576,149	539,399	694,038	39,863	39,863	9,646	10,297	35,978	35,978	16,047	14,625	27,333	90,644	15,982	16,557	28,435	28,435	270,087	205,227	18,363	18,363	476,351	903,032	37,877	37,877	108,017	54,089	27,957	27,957	25,086	10,281	23,693	23,693	20,389	27,987	13,579	13,579	16,365	15,560	10,687	10,687	16,563	38,370	2,840	2,840	112,500	17,814	1,540	1,540	17,573	538	16,870	538	31,430	180,470	12,411	12,411	30,156	13,811	19,391	13,811	25,397	22,698	11,728	11,728	17,194	14,899	18,230	18,230	18,509	19,520	15,907	15,907	14,168	8,226	18,000	18,000	7,102	3,239	5,904	312	7,826	116
Other Current Liab	177,295	92,437	82,743	80,838	37,611	66,242	42,877	188,673	188,673	188,915	192,352	162,239	162,239	94,918	97,449	152,450	152,450	144,208	128,136	116,733	242,024	96,545	76,072	168,404	168,404	75,870	83,871	498,691	498,691	314,171	559,043	411,355	411,355	77,045	16,979	71,156	71,156	73,530	98,098	32,938	32,938	69,061	35,519	148,508	148,508	155,630	175,701	164,747	164,747	194,683	203,110	77,521	77,521	274,900	133,363	76,586	76,586	127,756	142,245	175,381	142,245	96,489	88,309	25,253	25,253	47,852	13,764	49,145	13,764	51,265	43,634	31,307	31,307	53,158	56,826	26,407	26,407	63,770	61,002	35,049	35,049	63,301	60,299	125,900	125,900	49,663	30,279	27,675	27,620	35,324	9,684
Other Liab	0	59,583	64,283	76,764	120,428	94,843	92,187	86,038	104,937	119,703	118,637	138,165	137,702	134,972	133,017	148,408	136,169	132,911	137,801	140,517	145,564	152,449	335,167	337,569	309,795	228,718	158,757	51,552	52,214	53,090	65,993	67,617	69,225	72,314	73,726	76,517	75,440	84,301	84,420	86,860	84,266	86,215	87,583	90,965	72,515	108,113	109,912	111,702	113,497	111,785	113,107	122,356	133,636	73,654	74,827	74,714	76,413	74,554	75,474	76,411	77,220	75,434	76,236	77,204	78,171	83,692	84,763	84,253	84,816	83,027	83,703	84,200	84,878	83,457	84,326	85,185	86,033	92,558	93,110	93,668	94,226	91,981	69,191	22,926	22,731	17,013	16,888	16,947	16,552	15,987	9,562
Other Stockholder Equity	1,891,128	1,890,012	1,888,864	1,887,517	2,136,746	2,135,727	2,134,516	2,172,859	2,172,859	2,172,361	1,811,052	2,169,602	2,169,602	1,239,046	1,259,507	2,036,969	2,036,969	2,053,830	2,051,711	2,039,295	2,036,713	2,034,260	1,724,559	1,717,708	1,717,708	1,715,857	1,712,849	1,668,073	1,668,073	1,500,986	1,500,418	1,505,537	1,505,537	1,517,048	1,510,932	1,511,861	1,511,861	1,505,416	1,505,325	856,018	856,018	854,979	854,617	854,042	854,042	751,533	625,710	598,383	598,383	498,092	495,597	298,005	298,005	-454,900	459,597	289,677	289,677	472,908	285,118	449,855	285,118	552,892	534,512	280,471	280,471	700,482	214,011	761,137	214,011	650,924	656,366	210,665	210,665	553,307	542,283	210,779	210,779	471,397	466,010	289,592	289,592	278,667	223,474	-196,100	-196,100	0	0	0	0	-	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Property Plant And Equipment Gross	3,060,933	2,433,350	2,401,980	2,327,623	2,294,738	2,263,263	0	0	0	0	3,774,836	3,659,486	3,641,320	3,770,307	3,735,348	3,709,034	3,604,644	3,475,991	3,377,929	3,278,039	3,291,379	3,315,960	3,342,677	3,273,789	3,254,548	3,125,631	2,966,486	2,903,951	2,615,059	2,594,187	2,535,118	2,905,861	2,850,727	2,787,196	2,764,816	2,338,636	2,338,636	2,259,109	1,945,531	1,579,240	1,579,240	1,238,741	1,159,319	1,039,304	1,009,474	2,138,606	2,100,835	2,067,055	1,895,007	1,866,616	1,766,978	1,618,803	1,618,803	1,621,700	1,635,178	1,636,269	1,646,059	1,615,712	1,566,208	1,563,411	1,561,313	1,501,380	1,501,414	1,448,576	1,448,576	1,435,079	1,449,087	1,456,517	1,515,538	1,514,324	1,519,876	1,411,465	1,320,609	1,333,547	1,346,046	1,326,418	1,223,616	1,182,366	1,191,884	965,401	972,280	960,808	920,732	915,281	909,300	0	0	0	0	-	0
Property Plant And Equipment Net	2,647,891	2,433,350	2,401,980	2,327,623	2,294,738	2,263,263	2,235,834	3,755,512	3,755,512	3,766,382	3,774,836	3,641,320	3,641,320	3,770,307	3,735,348	3,594,797	3,594,797	3,475,991	3,377,929	3,278,039	3,291,379	3,315,960	3,342,677	3,254,548	3,254,548	3,125,631	2,966,486	2,615,059	2,615,059	2,594,187	2,535,118	2,850,727	2,850,727	2,787,196	2,764,816	2,343,045	2,343,045	2,259,109	1,945,531	1,579,240	1,579,240	1,238,741	1,159,319	2,202,253	2,202,253	2,138,606	2,100,835	1,895,007	1,895,007	1,866,616	1,766,978	1,618,803	1,618,803	1,621,700	1,635,178	1,646,059	1,646,059	1,615,712	1,561,313	1,563,411	1,561,313	1,501,380	1,501,414	1,448,576	1,448,576	1,435,079	1,515,538	1,456,517	1,515,538	1,514,324	1,519,876	1,320,609	1,320,609	1,333,547	1,346,046	1,223,616	1,223,616	1,182,366	1,191,884	972,280	972,280	960,808	920,732	909,300	909,300	0	0	0	0	-	0
Property Plant Equipment	0	2,433,350	2,401,980	2,327,623	2,289,085	2,263,263	2,235,834	2,445,834	3,755,512	3,766,382	3,774,836	3,672,521	3,641,320	3,782,174	3,735,348	3,718,032	3,604,644	3,475,991	3,390,022	3,278,039	3,291,379	3,315,960	3,342,677	3,273,789	3,254,548	3,125,631	2,966,486	2,903,951	2,615,059	2,594,187	2,535,118	2,905,861	2,850,727	2,787,196	2,764,816	2,728,599	2,338,636	2,259,109	1,945,531	1,511,307	1,579,240	1,238,741	1,159,319	1,039,304	1,009,474	2,138,606	2,100,835	2,067,055	1,895,007	1,866,616	1,766,978	1,634,107	1,618,803	1,621,652	1,635,178	1,636,269	1,646,059	1,615,712	1,566,208	1,563,411	1,561,313	1,501,380	1,501,414	1,478,975	1,448,576	1,435,079	1,449,087	1,456,517	1,515,538	1,514,324	1,519,876	1,411,465	1,320,609	1,333,547	1,346,046	1,326,418	1,223,616	1,182,366	1,191,884	965,401	972,280	960,808	920,732	915,281	909,254	869,858	864,529	818,302	774,227	777,905	765,559
Retained Earnings	77,035	163,719	100,909	160,200	262,063	195,524	63,298	-540,764	-540,764	-547,607	-434,153	-929,620	-929,620	-939,076	-917,274	-605,145	-605,145	-629,913	-548,090	-420,763	-364,379	-36,696	-90,331	-95,742	-95,742	-94,511	-45,869	81,347	81,347	99,836	128,425	315,696	315,696	427,052	613,642	672,060	672,060	756,007	790,236	874,296	874,296	906,906	956,451	-4,649	-4,649	41,856	30,014	34,093	34,093	42,645	50,857	78,086	78,086	134,197	135,551	157,076	157,076	139,810	134,089	0	134,089	0	0	211,386	211,386	0	235,948	0	235,948	0	0	164,275	164,275	0	0	130,116	130,116	0	0	74,283	74,283	58,656	51,557	44,429	34,713	0	22,694	0	7,576	-	0
Retained Earnings 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
Short Long Term Debt	342,566	327,169	321,928	344,087	344,778	354,322	366,791	516,982	1,050,851	1,230,256	1,323,098	1,354,918	1,008,027	1,215,377	1,200,584	1,232,723	1,241,108	975,027	802,323	924,468	730,257	830,911	868,725	731,053	1,384,933	1,103,106	2,324,585	2,271,822	452,924	1,818,256	1,794,000	1,945,000	495,995	0	0	0	115,891	0	0	0	728,429	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,224,073	1,184,839	1,196,881	1,169,845	1,192,911	1,355,345	1,384,976	2,409,801	2,409,801	2,285,823	2,384,297	2,375,964	2,375,964	2,541,773	2,544,865	2,559,882	2,559,882	2,554,392	2,467,508	2,513,190	2,565,359	2,619,580	2,724,685	2,410,847	2,410,847	2,302,549	2,323,030	1,801,353	1,801,353	1,800,291	1,765,556	1,907,362	1,907,362	1,815,764	1,817,988	1,380,787	1,380,787	1,066,046	782,049	717,028	717,028	411,813	413,005	1,621,796	1,621,796	1,286,636	1,378,645	1,177,392	1,177,392	1,200,681	1,198,241	1,209,053	1,209,053	1,616,000	1,602,148	1,635,169	1,635,169	1,671,915	1,599,048	1,608,480	1,599,048	1,731,609	1,920,771	1,845,430	1,845,430	1,890,425	1,891,392	1,879,870	1,891,392	1,876,667	1,865,565	1,629,713	1,629,713	1,667,652	1,697,143	1,548,469	1,548,469	1,511,562	1,523,895	1,271,445	1,271,445	1,249,976	1,083,582	710,300	710,300	0	0	0	0	-	0
Short Term Debt	344,028	328,317	322,917	344,087	344,778	355,919	369,490	1,050,851	1,050,851	1,134,358	1,327,814	1,008,027	1,008,027	1,215,377	1,200,584	1,070,538	1,070,538	975,027	802,323	924,468	730,257	830,911	868,725	1,384,933	1,384,933	1,102,560	919,918	480,754	480,754	732,183	734,755	515,268	515,268	224,865	224,864	83,831	83,831	66,771	125,174	30,784	30,784	9,400	9,400	85,059	85,059	80,629	77,767	70,215	70,215	69,072	92,568	111,395	111,395	0	121,210	83,092	83,092	82,277	77,401	79,912	77,401	83,543	178,578	85,715	85,715	81,341	77,856	77,401	77,856	77,455	78,010	70,030	70,030	68,359	68,225	69,119	69,119	67,749	64,900	61,331	61,331	61,172	72,913	84,329	0	0	0	0	0	-	0
Short Term Investments	18,115	0	2,461	2,064	246,481	543,204	491,754	450,225	450,225	501,233	660,642	0	0	0	0	0	0	0	0	0	0	302,456	276,289	215,412	222,265	270,087	205,227	173,083	183,525	203,031	196,399	135,947	228,202	108,017	35,099	51,249	74,162	0	0	23,432	23,432	23,423	0	1,551	1,551	45,787	37,420	28,012	28,012	27,787	34,291	21,815	21,815	49,531	43,162	40,651	40,651	62,690	60,352	56,679	60,352	67,766	54,868	40,942	40,942	60,938	52,262	65,668	15,482	0	0	0	23,785	0	0	0	12,866	0	0	13,810	13,810	0	0	0	12,760	0	0	0	14,163	-	27,322
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
Total Assets	4,083,987	4,033,845	3,930,783	3,969,239	4,279,560	4,386,244	4,222,775	4,948,295	4,948,295	4,804,153	4,946,097	4,339,895	4,339,895	4,385,938	4,369,239	4,662,295	4,662,295	4,717,616	4,624,297	4,722,289	4,806,595	5,187,084	5,192,974	4,764,287	4,764,287	4,645,223	4,498,258	4,263,084	4,263,084	4,178,955	4,356,001	4,336,889	4,336,889	4,038,969	4,171,231	3,832,460	3,832,460	3,617,682	3,406,735	2,662,308	2,662,308	2,427,239	2,464,083	2,974,148	2,974,148	2,542,589	2,451,024	2,232,634	2,232,634	2,264,469	2,277,517	2,077,772	2,077,772	2,440,800	2,425,996	2,492,436	2,492,436	2,504,462	2,359,729	2,354,271	2,359,729	2,498,500	2,660,194	2,573,610	2,573,610	2,536,037	2,566,189	2,584,934	2,566,189	2,518,781	2,505,503	2,230,695	2,230,695	2,257,070	2,284,714	2,110,329	2,110,329	2,073,765	2,078,850	1,785,602	1,785,602	1,697,875	1,439,947	987,900	987,900	949,469	941,344	903,578	855,991	859,452	817,990
Total Current Assets	815,564	884,829	954,308	1,036,964	1,258,506	1,172,107	1,125,394	925,597	925,597	736,321	961,204	295,209	295,209	216,459	241,846	401,540	401,540	517,461	454,424	606,816	649,937	686,406	714,128	473,460	473,460	588,574	568,234	725,562	725,562	636,642	989,887	670,074	670,074	388,392	584,860	575,785	575,785	447,141	541,244	178,783	178,783	132,704	250,311	537,125	537,125	180,663	130,600	105,966	105,966	160,056	265,769	204,332	204,332	200,400	196,854	182,128	182,128	235,564	144,770	139,193	144,770	188,539	307,674	270,321	270,321	219,207	132,332	188,081	132,332	144,702	135,776	129,590	129,590	138,607	143,824	116,203	116,203	166,511	160,693	184,566	184,566	145,656	83,150	71,000	71,000	0	0	0	0	-	0
Total Current Liabilities	545,780	454,911	441,288	480,207	414,412	456,156	448,329	1,307,657	1,307,657	1,380,289	1,556,049	1,203,125	1,203,125	1,424,038	1,406,952	1,267,587	1,267,587	1,303,727	1,050,881	1,191,218	1,000,138	1,099,570	1,159,152	1,632,274	1,632,274	1,432,087	1,113,743	1,004,271	1,004,271	1,333,786	1,530,169	981,231	981,231	370,298	298,941	175,312	175,312	140,301	223,272	84,174	84,174	78,461	44,919	251,810	251,810	236,259	253,468	256,140	256,140	263,755	295,678	247,156	247,156	275,500	254,573	205,762	205,762	210,033	267,029	255,293	267,029	180,032	266,887	146,209	146,209	129,193	128,357	126,546	128,357	128,720	121,644	123,993	123,993	121,517	125,051	115,894	115,894	131,519	125,902	122,121	122,121	124,473	133,212	126,500	126,500	92,799	90,572	101,432	155,946	151,205	33,654
Total Liab	1,481,544	1,371,016	1,379,535	1,382,729	1,379,386	1,550,425	1,556,002	2,771,544	2,771,544	2,651,457	2,731,169	2,708,764	2,708,764	2,885,406	2,884,250	2,899,581	2,899,581	3,025,578	2,863,783	2,930,500	2,980,804	3,040,688	3,350,279	2,967,983	2,967,983	2,860,794	2,675,612	2,377,084	2,377,084	2,454,984	2,612,069	2,442,550	2,442,550	2,033,511	1,965,791	1,549,953	1,549,953	1,223,877	964,567	858,171	858,171	567,089	536,107	1,896,675	1,896,675	1,550,379	1,664,258	1,476,814	1,476,814	1,507,149	1,514,458	1,478,450	1,478,450	1,985,900	1,810,338	1,834,252	1,834,252	1,874,225	1,865,896	1,860,272	1,865,896	1,903,532	2,085,316	1,984,095	1,984,095	2,021,969	2,026,709	2,013,268	2,026,709	2,010,959	1,992,902	1,768,554	1,768,554	1,804,664	1,838,295	1,681,277	1,681,277	1,667,890	1,678,007	1,426,461	1,426,461	1,405,258	1,212,191	791,800	791,800	746,329	733,641	693,510	655,774	671,110	534,945
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
Total Stockholder Equity	2,067,669	2,155,210	2,091,629	2,149,219	2,500,224	2,427,996	2,294,909	1,729,484	1,729,484	1,717,175	1,811,052	1,293,007	1,293,007	1,182,046	1,203,507	1,498,261	1,498,261	1,490,084	1,577,063	1,690,306	1,745,125	2,063,226	1,703,561	1,715,316	1,715,316	1,714,533	1,760,151	1,840,959	1,840,959	1,684,383	1,710,890	1,873,526	1,873,526	1,995,665	2,198,750	2,282,507	2,282,507	2,393,805	2,442,168	1,804,137	1,804,137	1,860,150	1,927,976	896,757	896,757	841,802	703,192	677,765	677,765	586,760	594,449	410,588	410,588	454,900	459,597	495,511	495,511	472,908	452,145	449,855	452,145	552,892	534,512	552,532	552,532	476,815	507,044	537,470	507,044	475,021	480,463	434,554	434,554	427,378	416,354	402,770	402,770	382,345	376,958	340,435	340,435	276,967	214,675	196,100	196,100	191,432	189,515	183,442	174,397	166,829	257,034
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-39,098	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-20,483	-12,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,280	-6,841	-6,906	-6,841	-6,841	-6,834	-6,834	0	-6,834	0	0	0	-8,201	0	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

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
Begin Period Cash Flow	900,531	337,922	290,872	410,412	704,261	612,677	224,190	105,235	191,410	125,347	424,714	66,913	164,717	344,777	185,739	185,739	62,227	62,227	51,598	117,883	52,741	57,569	5,741	2,567
Capital Expenditures	325,214	267,421	214,406	302,184	400,665	149,826	391,901	234,518	697,349	1,466,673	734,155	343,147	289,182	40,510	322,183	322,183	257,579	257,579	145,728	286,792	84,091	164,727	140,114	96,860
Cash And Cash Equivalents 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
Cash Flows Other Operating	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	-203,191	674,959	127,920	-94,358	-263,698	91,584	-9,328	118,955	-86,175	66,063	-299,367	424,128	-97,804	71,843	-129,625	-129,625	-5,611	-5,611	10,629	-66,285	65,142	-4,828	51,828	3,174
Change In Working Capital	-272,447	-65,840	65,304	-53,464	-66,760	-52,066	28,066	31,395	25,649	9,482	5,095	23,539	2,892	-22,934	112,259	112,259	-22,320	-22,320	14,917	-15,825	-9,011	17,367	1,568	-11,461
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
Change To Account Receivables	3,205	-10,917	-1,247	-4,178	39,448	-49,938	-11,413	-567	911	-10,533	304	2,256	5,245	-2,010	2,133	2,133	-3,824	-3,824	221	916	-1,488	188	0	0
Change To Inventory	0	-157	998	-305	5,778	402	-151	987	-2,252	-809	-10,137	167	2,479	1,166	-725	-725	1,465	1,465	-1,571	-353	-721	168	-591	257
Change To Liabilities	0	3,081	857	3,832	-678	-24,813	1,593	-28,511	8,944	12,056	5,874	10,549	0	0	0	10,620	0	9,725	5,730	0	11,968	4,524	463	0
Change To Netincome	0	-482,215	-356,985	359,661	253,813	298,745	58,438	1,090	-72,047	-30,887	-54,181	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-57,867	64,696	-52,813	-99,420	22,283	20,525	11,441	-182,791	64,595	-43,373	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	50,294	51,712	105,952	107,923	113,033	93,689	76,522	72,972	73,732	49,811	36,871	88,335	70,286	96,602	62,005	62,005	56,822	56,822	54,026	41,772	32,721	32,272	33,777	37,847
Dividends Paid	-102,897	55,169	33,136	26,072	65,004	42,873	20,438	54,348	121,358	155,996	108,976	175,904	65,022	84,180	69,438	69,438	2,200	2,200	7,200	0	1,695	10,002	0	0
End Period Cash Flow	697,340	1,012,881	418,792	316,054	440,563	704,261	214,862	224,190	105,235	191,410	125,347	491,041	66,913	416,620	56,114	56,114	56,616	56,616	62,227	51,598	117,883	52,741	57,569	5,741
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
Free Cash Flow	-190,953	31,460	15,599	-156,401	-294,119	-33,152	-344,767	-274,192	-761,998	-1,441,800	-666,433	-104,872	-172,574	55,815	-273,688	-273,688	-140,360	-140,360	-74,702	-204,764	-26,674	-93,511	-98,071	-67,351
Investments	-131,709	1,067,721	-8,625	-103,028	-11,342	-85,851	-433,769	-2,222	202,405	202,405	115,644	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	99,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-415,365	46,889	-179,645	-27,917	182,874	481,806	133,959	703,438	982,843	296,958	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-47,086	939,057	559,449	-166,600	-110,487	-168,214	-145,279	-184,606	-178,501	-41,466	135,713	163,213	68,275	-1,282	-9,989	-10,000	71,673	71,673	34,529	55,833	39,570	27,137	4,366	-504
Other Cashflows From Financing Activities	-202,944	108,922	-17,000	715,130	-24,465	1,215,149	844,371	296,095	-84,906	-18,672	284,354	-43,954	-106,737	-29,297	-13,600	-13,600	221,613	221,613	-3,944	270,975	-2,140	207,170	407,047	96,513
Other Cashflows From Investing Activities	0	574,626	123,274	10,584	29,207	33,185	25,113	29,002	441,393	37,403	119,927	157,325	0	391,421	45,560	33,568	8,366	2,225	0	0	0	1,403	0	1,334
Other Non Cash Items	403,500	-626,048	-564,996	3,890	6,527	7,734	-900	36,464	13,834	8,915	-106,970	-30,913	-23,240	1,514	-42,385	-42,385	11,044	11,044	-32,446	248	-5,863	-5,560	2,332	3,627
Sale Purchase Of Stock	-61,684	-25,479	-24,484	-16,650	-18,615	2,686	-1,167	-8,214	-12,269	1,224,084	608	806,465	103,600	162,484	370,000	0	-31,024	0	-667	0	1,122,426	0	0	0
Stock Based Compensation	0	3,410	3,520	5,421	8,882	11,481	8,991	5,816	4,125	1,619	500	1,357	1,970	2,845	3,092	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-234,508	-691,643	-27,731	-137,113	-105,850	177,402	377,307	160,851	514,430	1,470,460	165,978	553,131	84,232	-777,091	-94,572	-94,572	146,163	146,163	152,779	207,800	666,240	87,280	667,685	96,513
Total Cash From Operating Activities	134,261	298,881	230,005	145,783	106,546	116,674	47,134	-39,674	-64,649	24,873	67,722	238,275	116,608	96,325	48,495	48,495	117,219	117,219	71,026	82,028	57,417	71,216	42,043	29,509
Total Cashflows From Investing Activities	0	1,067,721	-74,354	-103,028	-264,394	-202,492	-419,895	3,852	-255,956	-1,429,270	-533,067	0	0	364,736	0	0	224,435	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	2001-06-30	2001-03-31	2000-12-31
Begin Period Cash Flow	785,845	902,786	1,020,729	1,012,881	629,113	620,264	344,924	268,170	268,170	338,540	298,895	238,895	238,895	265,196	303,356	625,429	625,429	303,356	690,271	704,261	764,163	827,385	563,574	286,562	286,562	343,226	456,710	137,904	137,904	64,720	92,916	222,842	222,842	374,828	376,085	390,004	390,004	484,683	158,579	56,049	56,049	191,457	373,971	118,464	118,464	77,489	107,868	115,412	115,412	148,897	128,691	87,186	87,186	135,360	82,119	154,640	154,640	58,412	88,905	56,114	88,905	72,055	69,661	127,296	127,296	219,625	65,329	56,616	65,329	65,532	86,858	77,710	77,710	87,794	116,372	101,503	101,503	102,687	102,551	96,804	96,804	50,078	49,354	46,400	46,400	0	0	0	0	-	-	0
Capital Expenditures	137,638	41,925	128,016	26,205	47,067	45,124	95,401	30,176	30,176	14,913	126,644	87,321	87,321	56,098	49,984	237,974	237,974	49,984	113,716	3,801	30,112	1,198	28,344	221,126	221,126	35,986	80,822	72,244	72,244	55,513	46,357	187,400	187,400	52,300	73,555	523,694	523,694	316,636	428,324	347,011	347,011	88,235	131,112	95,076	95,076	65,865	38,213	21,624	21,624	109,006	143,664	2,470	2,470	4,113	9,544	40,195	40,195	21,972	42,464	22,201	42,464	33,548	32,128	23,787	23,787	16,328	22,480	3,523	22,480	2,332	127,914	4,201	4,201	1,558	32,929	53,156	53,156	949	227,709	19,489	19,489	42,752	8,275	47,500	47,500	117,168	104,226	51,793	140,114	36,750	18,375	96,860
Cash And Cash Equivalents 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
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-88,505	-43,191	-117,943	7,848	383,768	8,849	275,340	150,622	150,622	-70,370	39,645	77,159	77,159	-26,301	-38,160	-184,866	-184,866	-38,160	-144,851	-13,990	-59,902	-63,222	263,812	-71,700	-71,700	-56,664	-113,484	86,286	86,286	73,184	-28,196	-117,607	-117,607	-151,986	-1,257	-198,594	-198,594	-94,679	326,104	69,298	69,298	-135,408	-182,514	372,577	372,577	40,975	-30,379	-48,499	-48,499	-33,485	20,206	77,531	77,531	-48,174	53,241	-32,409	-32,409	96,228	-32,791	9,530	-32,791	16,850	2,394	58,443	58,443	-92,329	-8,713	45,804	-8,713	-203	-21,326	-15,483	-15,483	-10,084	-28,578	-49,905	-49,905	-1,184	136	21,079	21,079	46,726	724	1,100	1,100	0	0	0	0	-	-	0
Change In Working Capital	-86,042	-67,377	-65,496	-47,893	45,858	1,885	-89,112	7,643	7,643	-6,974	82,562	5,326	5,326	-463	-10,234	-47,057	-47,057	-10,234	-59,647	12,344	-43,261	50,683	23,791	32,079	32,079	-10,841	17,769	24,826	24,826	669	-43,768	41,350	41,350	87,909	10,914	17,390	17,390	6,650	69,347	8,871	8,871	14,935	-6,107	29,985	29,985	-7,995	4,167	-17,847	-17,847	33,758	-14,530	56,614	56,614	-40,766	-7,969	-38,879	-38,879	-6,887	111,341	3,284	111,341	-19,527	16,240	5,322	5,322	-5,741	-22,836	1,048	-22,836	2,149	-7,257	9,958	9,958	1,186	-4,260	-20,879	-20,879	-625	3,817	-12,932	-12,932	253	328	800	800	0	0	0	0	-	-	0
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
Change To Account Receivables	-4,411	3,267	-1,063	5,377	10,034	3,525	-15,321	-1,151	-1,151	-3,639	3,784	-11,195	-11,195	110	-203	-7,618	-7,618	-203	-6,411	37,609	-27,444	-9,614	-8,378	-10,222	-10,222	798	-2,530	541	-567	671	-2,730	237	911	766	0	4,419	-10,533	0	0	0	304	0	0	0	2,256	0	0	2,849	2,849	29,384	-28,214	-301	-301	0	0	0	5,473	0	0	0	2,133	0	0	0	0	0	0	0	0	0	0	0	221	0	0	0	916	0	0	0	0	0	0	0	188	0	0	0	0	40	20	0
Change To Inventory	0	0	-25	25	52	1,485	-1,149	542	542	117	-46	2,890	2,890	-752	-2,168	4,362	4,362	-2,168	370	-1,559	-1,008	1,445	1,761	2,162	2,162	-2,760	-752	1,199	987	-627	830	1,818	-2,252	2,252	0	-4,800	-809	0	0	1,704	-10,137	0	0	0	167	0	0	1,099	1,099	39,727	-10,113	-22	-22	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,465	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	168	0	79	0	0	-	-	257
Change To Liabilities	0	2,467	-15,082	17,654	-244	-214	2,315	1,224	1,145	2,269	-1,003	-1,554	1,290	-276	-231	3,049	585	-1,427	1,002	-838	1,279	-20,957	-106	-5,029	30,259	-57	-2,319	0	-28,511	0	0	0	30,423	0	0	0	12,056	0	0	0	5,874	0	0	0	10,549	0	0	0	0	34,742	62,970	42,810	0	0	0	0	0	0	0	0	10,620	0	0	0	0	0	0	0	9,725	0	0	0	5,730	0	0	0	0	0	0	0	11,968	0	0	0	4,524	0	2,882	0	463	-	-	0
Change To Netincome	0	-18,952	83,573	196,959	2,279	-146,751	-119,924	-297,100	18,923	129,184	-516,626	11,534	16,923	36,047	177,340	129,351	15,077	85,734	100,281	52,721	383,184	-134,202	28,788	20,975	122,249	28,489	38,903	19,800	70,468	0	0	0	-72,047	0	0	0	-30,887	0	0	0	-54,181	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-73,111	-49,326	-70,949	35,996	-2,911	-74,957	-15,995	7,107	-5,721	79,827	-16,517	12,341	455	-7,632	-57,977	-32,500	10,556	-54,608	-22,868	-16,929	79,809	-64,943	24,346	38,037	-9,550	5,760	5,334	32,631	-41,860	39,000	22,000	-182,791	0	0	0	64,595	0	0	0	-43,373	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,794	12,473	12,450	12,577	12,384	12,448	11,344	26,464	26,464	26,489	26,493	26,826	26,826	26,875	26,982	28,321	28,321	26,982	28,121	28,163	28,295	28,528	20,457	16,585	16,585	17,385	17,366	16,826	16,826	16,997	19,705	19,541	19,541	18,376	18,118	14,124	14,124	11,220	12,132	10,552	10,552	8,648	8,865	23,553	23,553	23,280	21,459	18,301	18,301	17,060	17,570	16,432	16,432	16,683	16,158	17,010	17,010	15,837	15,432	15,490	15,432	16,201	46,457	106,805	106,805	-14,995	99,747	-15,560	99,747	-15,194	-14,052	94,592	94,592	-13,261	-13,144	72,261	72,261	-11,721	-10,038	56,432	56,432	-8,692	-7,185	7,700	7,700	0	0	0	0	-	-	0
Dividends Paid	-52,913	28,590	33,016	11,521	15,876	13,988	13,973	8,699	8,699	7,735	8,875	10,052	10,052	6,258	5,030	4,819	4,819	5,030	18,172	19,917	15,788	17,179	4,873	5,054	5,054	5,050	5,199	4,605	4,605	4,682	45,061	45,061	121,358	40,467	40,446	41,502	41,502	78,223	36,271	36,264	36,264	36,233	36,479	68,427	68,427	32,159	28,151	12,939	12,939	11,769	19,889	27,214	27,214	4,965	8,048	5,534	0	0	18,909	0	18,909	33,633	16,896	2,000	2,000	80,110	32,814	32,848	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
End Period Cash Flow	697,340	859,595	902,786	1,020,729	1,012,881	629,113	620,264	418,792	418,792	268,170	338,540	316,054	316,054	238,895	265,196	440,563	440,563	265,196	545,420	690,271	704,261	764,163	827,386	214,862	214,862	286,562	343,226	224,190	224,190	137,904	64,720	105,235	105,235	222,842	374,828	191,410	191,410	390,004	484,683	125,347	125,347	56,049	191,457	491,041	491,041	118,464	77,489	66,913	66,913	115,412	148,897	164,717	164,717	87,186	135,360	122,231	122,231	154,640	56,114	65,644	56,114	88,905	72,055	185,739	185,739	127,296	56,616	102,420	56,616	65,329	65,532	62,227	62,227	77,710	87,794	51,598	51,598	101,503	102,687	117,883	117,883	96,804	50,078	47,500	47,500	46,400	0	0	0	-	-	0
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
Free Cash Flow	-111,175	-22,761	-101,039	33,461	89,516	126,483	-328,110	30,743	30,743	43,523	-62,098	-27,937	-27,937	-15,577	-10,259	-202,978	-202,978	-10,259	-155,923	48,678	25,292	11,738	-11,245	-133,259	-133,259	-45,556	-97,297	-64,856	-64,856	-43,371	-110,013	-160,485	-160,485	-67,684	-94,204	-510,205	-510,205	-297,660	-354,952	-336,763	-336,763	-65,398	-113,382	-13,170	-13,170	2,903	21,584	-3,105	-3,105	-36,972	-141,912	61,371	61,371	-18,631	-5,781	-17,059	-17,059	-24,763	-25,297	-9,423	-25,297	-45,083	-16,320	10,109	10,109	-234	19,891	9,970	19,891	17,819	-108,429	14,814	14,814	18,277	-19,180	-27,643	-27,643	18,549	-210,866	-5,287	-5,287	-34,155	3,949	-30,000	-30,000	-63,429	-72,099	-35,685	-98,071	-	-	-67,351
Investments	-96,489	-13,719	-109,427	87,926	436,453	-25,753	250,513	108,251	-22,116	-9,171	-2,375	-6,250	105,339	-48,354	-52,746	-107,267	-201,743	-40,299	-33,186	10,833	-29,531	-3,728	-18,845	-43,399	-123,107	-34,352	-23,000	-34,147	-10,200	0	0	0	202,405	0	0	0	202,405	0	0	0	115,644	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	-16,416	36,478	-27,875	-139,358	-29,458	-106,119	-140,430	132,219	-103,721	338	18,053	-170,329	-8,899	-17,253	16,836	-2,155	82,909	-51,286	-57,385	-57,978	-60,892	252,756	48,988	481,806	-27,048	44,177	362,987	133,959	0	0	0	703,438	0	0	0	982,843	0	0	0	296,958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-32,847	113,880	6,806	-92,758	-12,211	172,364	159,662	44,645	44,645	-55,635	507,335	39,972	39,972	8,104	-123,425	56,339	56,339	-123,425	-88,385	-17,484	-310,187	97,212	53,158	14,915	14,915	-36,474	-64,529	-8,226	-8,226	-17,397	-75,189	-59,872	-59,872	-143,020	-177	-37,996	-37,996	7,769	-24,230	4,311	4,311	-13,131	58,969	36,520	36,520	57,502	44,850	27,012	27,012	21,143	6,304	4,715	4,715	1,276	-6,210	17,361	17,361	-1,029	-57,722	-5,120	-57,722	51,704	11,704	2,113	2,113	-8,784	32,314	53,309	32,314	-5,929	17,343	10,597	10,597	10,961	-4,776	13,199	13,199	5,446	28,934	13,932	13,932	7,099	8,823	10,100	10,100	1,917	6,074	9,045	9,644	-	-	0
Other Cashflows From Financing Activities	-78,700	-343	-9,139	-90,717	17,714	615	-111,178	445,647	445,647	-1,523	-1,263	-7,014	-7,014	24,621	135,300	-22,681	-22,681	135,300	14,824	10,833	-974	3,162	1,097,689	130,519	130,519	-16,429	59,738	-21,393	-21,393	23,788	51,232	323,823	323,823	-20,293	4,375	579,074	579,074	-2,956	126,632	289,625	289,625	-5,377	106	-17,752	-17,752	-9,706	153,693	-5,348	-5,348	41,882	180,020	-13,417	-13,417	-2,623	125,000	-23,052	-23,052	126,505	-11,907	35,000	-11,907	172,982	-557	-30,317	-30,317	119,840	-2,204	79,281	-2,204	-6,168	118,646	-201	-201	-7,317	41,680	-5,530	-5,530	1,196	274,283	-1,162	-1,162	396,389	776,882	29,800	29,800	0	0	0	0	-	-	8,322
Other Cashflows From Investing Activities	0	-1,365	-1,175	11,128	420	3,738	384,188	186,280	-471	1,682	121,603	460	460	920	5,000	4,204	1,797	9,002	9,204	14,634	9,425	5,425	9,330	9,005	11,239	1,771	-16,903	10,359	22,928	9,774	101,817	5,191	220,017	19,157	59,064	22,913	37,403	158,752	3,433	128,048	119,927	61,058	85,557	131,939	157,325	0	0	0	0	0	0	0	391,421	0	1,753	0	45,560	23,372	13,469	0	33,568	33,286	35,599	1,231	8,366	2,752	11,017	3,567	2,225	3,738	3,046	4,287	0	0	0	0	0	0	0	1,441	0	0	0	0	1,403	0	928	0	0	-	-	1,334
Other Non Cash Items	132,558	558	452	185,379	90,552	-16,079	-315,314	-18,694	-18,694	809	-573,672	853	853	-136	1,271	1,999	1,999	1,271	1,720	992	984	1,715	3,200	1,406	1,406	-1,639	-1,502	-305	-305	1,598	34,934	26,254	26,254	22,112	-50,506	19,538	19,538	-5,864	16,838	-12,698	-12,698	13,173	-43,375	-6,428	-6,428	-6,499	-7,467	-10,599	-10,599	-746	-6,394	-31,835	-31,835	10,177	-127	54,612	54,612	-11,507	-53,836	409	-53,836	17,081	-58,593	-80,344	-80,344	45,614	-66,854	-25,304	-66,854	39,125	23,451	-96,132	-96,132	20,949	35,929	-39,068	-39,068	26,398	-5,870	-43,230	-43,230	9,937	10,258	-1,100	-1,100	0	0	0	0	-	-	0
Sale Purchase Of Stock	-27,627	-3,287	-29,447	-100,047	-5,121	-9,295	-4,498	-6,565	0	-6,656	-17,828	190,400	190,400	0	0	-18,615	-18,615	0	0	0	2,686	0	0	436	-1,167	203	203	51,435	51,435	0	0	-12,269	-12,269	0	0	0	662,285	-635	0	0	608	0	0	354,741	354,741	918	0	0	0	0	69,104	-335,676	-335,676	0	0	-56	0	0	250,000	0	250,000	0	0	-8,201	-8,201	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
Stock Based Compensation	0	1,200	1,497	2,361	955	989	711	498	498	1,141	1,014	1,170	1,170	1,480	1,589	1,754	1,754	1,589	2,426	2,582	2,368	3,746	3,415	2,795	2,795	2,321	1,499	2,623	2,623	409	1,505	514	514	111	1,874	1,305	1,305	73	157	84	84	84	249	90	90	123	587	889	889	415	251	513	513	463	441	320	320	16	1,135	725	1,135	366	0	0	0	0	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	-16,262	-48,636	-35,124	-140,113	-188,906	-54,413	-285,768	111,819	111,819	-119,635	-27,628	-87,564	-87,564	-18,468	-25,139	-18,119	-18,119	-25,139	-69,458	-77,302	-74,740	-76,657	284,572	77,155	77,155	-48,527	23,716	137,667	137,667	-1,449	15,191	248,290	248,290	-77,343	-63,204	432,960	432,960	195,710	657,623	251,011	251,011	-43,960	-38,723	374,192	374,192	44,852	-58,225	-41,323	-41,323	-4,658	170,111	-381,654	-381,654	-25,926	52,355	-48,548	-48,548	111,088	-7,535	22,530	-7,535	-144,597	-27,600	42,720	42,720	-83,830	-26,618	-46,970	-26,618	-14,186	96,482	-21,412	-21,412	-19,815	31,373	-26,462	-26,462	-10,875	256,024	33,620	33,620	233,445	405,000	29,800	29,800	57,507	65,215	38,031	667,685	591,733	295,867	96,513
Total Cash From Operating Activities	26,463	19,164	26,977	59,666	136,583	171,607	-232,709	60,919	60,919	58,436	64,546	59,384	59,384	40,521	39,725	34,996	34,996	39,725	-42,207	52,479	55,404	12,936	17,099	87,867	87,867	-9,570	-16,475	7,388	7,388	12,142	-63,656	26,915	26,915	-15,384	-20,649	13,489	13,489	18,976	73,372	10,248	10,248	22,837	17,730	81,906	81,906	68,768	59,797	18,519	18,519	72,034	1,752	63,841	63,841	-14,518	3,763	23,136	23,136	-2,791	17,167	12,778	17,167	-11,535	15,808	33,896	33,896	16,094	42,371	13,493	42,371	20,151	19,485	19,015	19,015	19,835	13,749	25,513	25,513	19,498	16,843	14,202	14,202	8,597	12,224	17,500	17,500	53,739	32,127	16,108	42,043	12,880	6,440	29,509
Total Cashflows From Investing Activities	0	-13,719	-109,427	87,926	436,453	-25,753	548,770	108,251	-22,116	-9,171	2,727	-45,794	105,339	-48,354	-52,746	-107,267	-201,742	-40,299	-33,186	10,833	-40,566	499	-37,859	-124,566	-433,769	1,433	-120,725	-77,755	-2,222	56,547	20,000	-26,000	-255,956	0	0	0	-1,429,270	0	0	0	-533,067	0	0	0	0	0	0	0	0	0	0	0	364,736	0	0	0	0	0	0	0	0	0	0	0	224,435	242,608	267,201	79,281	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	143,626	126,958	237,051	229,483	273,164	296,375	193,760	173,698	199,121	126,721	94,880	188,730	68,914	124,714	94,994	95,000	54,072	54,072	41,809	38,320	32,343	28,061	24,537	20,973	18,249	19,969
Depreciation And Amortization	50,294	51,712	-256,596	107,923	113,033	93,689	76,522	72,972	73,732	49,811	36,871	88,335	70,286	96,602	62,005	62,000	56,822	56,822	54,026	41,772	32,721	32,272	33,777	37,847	29,464	29,715
Discontinued Operations	0	-84,656	568,049	568,049	568,049	568,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Ebit	82,211	91,643	181,926	173,916	133,715	106,371	-74,121	-158,692	-241,681	-118,000	20,409	197,589	123,288	113,436	178,331	130,500	132,135	132,135	78,352	89,132	54,920	83,010	51,734	47,833	26,144	18,563
Ebitda	132,505	143,355	-74,670	281,839	246,748	200,060	2,401	-85,720	-167,949	-68,189	57,280	285,924	193,574	210,038	240,336	192,500	188,957	188,957	132,378	130,904	87,641	115,282	85,511	85,680	55,608	48,278
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	-	-
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	-	-
Gross Profit	154,803	140,782	214,714	209,154	175,586	134,229	-50,223	-93,441	-96,447	-20,565	2,499	234,295	230,934	254,372	133,785	133,800	185,625	185,625	129,233	125,090	100,422	102,550	89,686	92,036	63,543	58,285
Income Before Tax	1,247	996,028	-7,940	9,578	-63,664	-9,311	-118,326	-210,770	-198,008	-61,988	116,488	166,728	68,470	2,817	-368	-400	62,990	62,990	25,360	50,813	46,997	24,756	6,329	3,013	-1,620	-13,028
Income Tax Expense	1,870	-438	1,740	981	1,024	1,267	1,505	-589	-3,053	-1,114	-3,404	3,641	-1,705	1,954	510	500	-1,257	-1,257	-818	-420	375	-88	356	78	237	-236
Interest Expense	900	20,058	56,329	69,354	91,236	101,908	59,305	50,372	62,911	14,474	11,746	34,294	25,773	49,271	178,589	0	10,700	56,600	51,000	35,500	19,900	22,700	0	0	0	0
Interest Income	56,436	14,882	139	1,572	11,721	10,994	7,438	2,969	154,661	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Minority Interest	-43,943	-151,284	-146,764	338,124	252,565	80,666	80,988	46,564	20,813	1,655	1,655	43,140	21,625	0	8,419	6,705	6,547	7,049	8,505	7,575	7,052	0	1,607	3,439	-	-
Net Income	-46,820	787,773	-9,680	8,597	-64,688	-231,428	-179,703	-208,834	-197,659	-41,466	135,713	118,150	46,650	9,229	-9,989	-10,000	71,673	71,673	34,529	55,833	39,570	27,137	4,366	-504	-1,857	-12,792
Net Income Applicable To Common Shares	0	787,773	412,685	-272,227	-211,956	-231,428	-179,703	-186,531	-171,146	-48,017	135,713	971,303	46,650	384	23,082	0	136,204	71,673	34,529	55,833	39,570	27,137	4,366	0	-	-
Net Income From Continuing Ops	92,337	1,015,507	-8,600	-166,600	-122,375	-168,214	-145,279	-160,780	-151,988	-46,362	135,713	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Interest Income	54,458	-14,811	-56,949	-69,334	-97,265	-91,259	-55,136	-88,741	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Recurring	0	0	0	0	0	0	2,417	1,706	2,989	500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Operating Income	82,211	91,643	181,926	173,916	133,715	114,486	-85,457	-141,091	-35,902	-1,619	47,115	208,833	121,031	96,681	132,393	130,500	115,146	115,146	64,679	76,117	62,137	65,123	47,946	47,833	26,144	18,563
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	-	-
Other Operating Expenses	216,218	188,492	269,839	270,423	319,992	332,885	244,094	219,642	232,647	151,058	115,383	213,692	172,879	273,405	174,384	98,300	124,551	124,551	105,019	87,293	70,628	65,488	64,383	65,176	55,648	59,691
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	-	-
Reconciled Depreciation	49,932	51,712	105,952	107,923	113,033	93,689	76,522	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Research Development	39,130	8,017	2,521	8,891	4,990	21,690	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Selling And Marketing Expenses	-39,130	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	72,592	38,100	37,808	44,202	57,161	73,232	50,334	45,960	33,526	19,267	20,503	24,935	33,700	22,800	17,800	17,800	18,600	13,700	12,200	8,500	7,100	6,100	8,232	7,715	-	-
Tax Provision	818	-438	1,740	981	1,024	1,267	1,505	-589	-3,053	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	72,592	61,534	32,788	40,940	46,828	36,510	50,334	45,944	33,526	24,337	20,503	24,962	103,965	148,691	79,390	79,390	70,479	70,479	63,210	48,973	38,285	37,427	39,846	44,203	37,399	39,722
Total Other Income Expense Net	-80,964	904,385	-189,866	-164,338	-197,379	-13,774	15,019	-10,321	106,584	70,767	92,724	3,433	-29,045	-59,759	-110	-60,000	-52,156	-52,156	6,163	-25,304	7,217	-17,887	-1,894	-44,820	-27,764	-31,591
Total Revenue	298,429	267,740	451,765	438,637	448,750	430,604	143,537	80,257	102,674	106,156	97,379	423,025	299,848	379,086	228,779	228,800	239,697	239,697	171,042	163,410	132,765	130,611	114,223	113,009	81,792	78,254

	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
Cost Of Revenue	37,107	37,750	37,383	31,386	31,539	30,880	27,130	52,382	52,382	59,811	60,168	58,835	58,835	55,584	52,764	61,459	61,459	52,764	73,366	75,911	97,479	82,115	57,436	53,125	53,125	44,303	41,273	40,883	40,751	43,838	48,226	44,519	44,519	44,279	54,343	38,786	38,786	28,561	27,158	28,377	28,377	23,422	22,956	51,656	51,656	22,763	20,873	18,644	18,644	15,327	17,043	18,352	18,352	21,141	22,091	22,100	22,100	25,335	26,245	27,467	26,245	25,559	26,191	14,904	14,904	15,298	13,671	17,327	13,671	13,346	13,890	9,926	9,926	10,220	11,047	10,255	9,572	10,661	8,876	10,724	10,724	7,589	6,776	7,800	7,800	6,641	7,052	6,542	7,485	5,641	5,705	5,705	20,973
Depreciation And Amortization	12,794	12,473	12,450	12,577	12,384	12,448	11,344	26,464	26,464	26,489	26,493	26,826	26,826	26,875	26,982	28,321	28,321	26,982	28,121	28,163	28,295	28,528	20,457	16,585	16,585	17,385	17,366	16,826	16,997	19,705	19,444	19,541	19,541	18,376	18,118	14,124	14,124	11,220	12,132	10,552	10,552	8,648	8,865	23,553	23,553	23,280	21,459	18,301	18,301	17,060	17,570	16,432	16,432	16,683	16,158	17,010	17,010	15,837	15,432	15,490	15,432	16,201	46,457	106,805	106,805	-14,995	99,747	-15,560	99,747	-15,194	-14,052	94,592	94,592	-13,261	-13,144	72,261	-14,161	-11,721	-10,038	56,432	56,432	-8,692	-7,185	7,700	7,700	0	0	0	0	-	-	-	0
Discontinued Operations	0	0	104	189	2,660	3,071	127,155	-217,713	2	-117	574,356	-6,192	-6,192	-6,192	-6,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	34,892	33,704	-3,485	88,190	3,671	18,735	29,546	2,901	2,901	-199,033	-119,933	53,489	53,489	32,438	40,655	64,084	64,084	40,074	7,314	34,665	82,706	52,653	-15,327	12,818	12,818	-18,180	-44,322	-7,778	-26,743	-37,037	-49,370	-56,519	-56,519	-40,455	-42,294	-49,009	-49,009	-5,132	-14,359	-10,574	-10,574	-26,194	48,258	50,520	50,520	67,480	58,500	34,861	34,861	19,635	21,634	46,831	46,831	-3,959	14,023	66,812	66,812	5,893	102,223	13,230	102,223	22,451	39,087	-94,405	-94,405	62,680	57,672	21,615	57,672	69,528	38,391	16,295	16,295	33,924	55,062	48,365	51,976	48,559	21,519	11,583	11,583	25,456	30,391	4,700	4,700	0	0	0	0	0	0	0	0
Ebitda	47,686	46,177	8,965	100,767	16,055	31,183	40,890	29,365	29,365	-172,544	-93,440	80,315	80,315	59,313	67,637	92,405	92,405	67,056	35,435	62,828	111,001	81,181	5,130	29,403	29,403	-795	-26,956	9,048	-9,746	-17,332	-29,926	-36,978	-36,978	-22,079	-24,176	-34,885	-34,885	6,088	-2,227	-22	-22	-17,546	57,123	74,073	74,073	90,760	79,959	53,162	53,162	36,695	39,204	63,263	63,263	12,724	30,181	83,822	83,822	21,730	117,655	28,720	117,655	38,652	85,544	12,400	12,400	47,685	157,419	6,055	157,419	54,334	24,339	110,887	110,887	20,663	41,918	120,626	37,815	36,838	11,481	68,015	68,015	16,764	23,206	12,400	12,400	0	0	0	0	-	-	-	0
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
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
Gross Profit	42,572	29,502	40,147	42,582	27,410	37,746	33,347	62,666	62,666	46,792	44,119	59,849	59,849	39,568	49,478	77,589	77,589	49,478	23,379	38,376	84,460	40,986	1,938	4,462	4,462	-11,871	-12,865	-17,820	-18,484	-27,556	-29,581	-21,525	-21,525	-16,901	-34,199	-3,514	-3,514	273	-6,074	-11,069	-11,069	-6,392	4,970	60,182	60,182	98,363	86,119	61,978	61,978	62,444	56,925	46,264	46,264	49,285	33,577	43,409	43,409	24,974	33,234	26,392	33,234	32,499	26,279	44,643	44,643	38,967	59,066	36,407	59,066	42,592	39,792	35,225	35,225	32,567	27,860	35,123	33,580	32,863	29,644	28,659	28,659	21,854	24,142	25,700	25,700	25,981	25,079	25,847	24,356	22,962	21,185	21,185	92,036
Income Before Tax	-29,498	114,704	8,355	-93,787	57,421	162,528	155,406	44,177	44,177	-54,648	-67,704	34,692	34,692	11,879	16,125	54,877	54,877	16,125	-61,239	-4,380	-155,471	94,700	58,322	21,698	21,698	-30,144	-64,775	-23,233	-32,832	-82,155	-72,550	-66,683	-66,683	-146,688	-5,325	-42,641	-42,641	156	-28,766	-2,903	-2,903	-18,252	55,283	39,486	39,486	58,968	45,108	28,178	28,178	20,555	5,655	2,008	2,008	3,390	-4,770	14,688	14,688	1,664	-55,095	-1,889	-55,095	55,150	14,064	49,406	49,406	-8,932	25,014	41,365	25,014	-6,625	19,975	11,621	11,621	13,560	-9,954	18,044	10,134	4,150	20,284	21,231	21,231	7,145	8,873	11,700	11,700	-5,265	5,265	9,896	14,432	0	0	0	3,013
Income Tax Expense	332	-159	1,445	252	-773	151	-191	1,175	1,175	152	156	383	383	216	185	369	369	185	176	205	627	156	490	435	435	423	458	450	246	-609	-676	-490	-490	-760	-742	-349	-349	415	-566	-1,292	-1,292	-712	-613	2,674	2,674	1,688	448	926	926	-1,019	-1,189	-94	-94	621	449	903	903	149	-46	241	-46	681	-120	120	120	-832	-1,904	31	-1,904	241	215	-1,389	-1,389	152	295	-768	125	132	119	247	247	46	50	-9,800	-9,800	39	47	45	148	58	75	75	78
Interest Expense	-1,107	135	610	362	2,884	4,034	5,563	13,553	13,553	13,763	14,467	15,217	15,217	16,093	17,003	14,140	14,140	17,003	24,376	29,352	31,251	35,241	24,014	6,220	6,220	14,105	20,453	15,455	21,118	27,081	13,483	11,289	11,289	20,734	21,895	8,869	8,869	2,070	6,778	2,164	5,460	10,788	48,875	10,534	10,534	8,361	9,020	6,136	6,136	5,338	6,991	7,473	7,473	2,567	11,491	13,389	13,389	14,752	104,220	15,119	104,220	22,302	24,959	14,600	13,500	32,000	14,500	15,200	16,300	16,400	14,100	13,800	12,300	12,400	11,400	10,700	8,800	8,700	6,600	6,100	6,400	5,200	5,400	5,400	5,400	5,878	5,996	6,049	6,792	7,836	8,817	8,817	47,077
Interest Income	14,057	14,277	11,836	12,063	8,817	3,770	921	33	72	6	27	34	140	2,542	721	1,544	1,333	3,651	2,906	32,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,776	-21,418	-11,455	-9,294	4,368	-34,314	-56,506	-64,832	-37,802	-35,320	403,876	366,706	338,124	318,486	281,482	255,531	252,565	201,954	183,451	101,483	80,666	83,170	139,134	93,593	11,092	7,401	9,279	6,652	6,976	6,546	9,412	2,817	11,020	3,103	2,386	2,649	1,655	0	0	0	1,655	0	0	0	11,765	12,776	9,434	9,165	9,832	7,400	6,925	0	0	-168	168	0	2,230	1,562	2,171	2,456	1,611	1,710	2,456	928	1,730	889	2,168	1,760	1,835	663	2,501	2,050	2,558	2,164	1,504	2,279	2,751	-5,195	5,195	0	3,056	2,569	756	671	1,641	0	-806	806	4,640	-776	776	776	3,439
Net Income	-32,847	92,462	-4,545	-94,039	71,438	141,121	230,032	6,843	6,843	-90,955	471,433	9,456	9,456	-21,802	-155,634	24,768	24,768	-155,634	-112,682	-41,741	-312,957	66,212	36,319	3,823	3,823	-43,875	-73,808	-13,679	-23,943	-91,124	-80,088	-70,892	-70,892	-146,123	-2,563	-37,996	-37,996	7,769	-24,230	4,311	4,311	-13,131	58,969	22,832	22,832	44,726	35,416	17,180	17,180	13,743	-621	4,715	4,715	4,131	-5,710	17,361	17,361	-1,029	-57,722	-5,120	-57,722	51,704	11,704	2,113	2,113	-8,784	32,314	53,309	32,314	-5,929	17,343	10,597	10,597	10,961	-4,350	13,199	17,747	5,446	22,318	13,932	13,932	7,099	8,823	10,100	10,100	1,916	6,074	9,045	9,135	0	0	0	0
Net Income Applicable To Common Shares	0	92,462	-4,545	-101,863	71,438	141,121	230,032	345,182	6,843	-90,955	471,433	25,364	9,456	-21,802	-155,634	-104,247	24,768	-82,301	-112,682	-41,741	-312,957	66,212	36,319	-21,002	3,823	-19,980	123,721	-65,843	8,624	0	0	0	-171,146	0	-21,918	21,918	-55,786	7,769	-12,991	12,991	4,311	-58,969	58,969	85,564	875,985	44,726	35,416	15,176	17,180	13,743	-16,348	16,348	4,715	4,131	0	0	17,361	-11,870	11,870	0	-51,704	51,704	11,704	0	911	-89,472	89,472	54,332	32,314	-17,343	17,343	27,945	10,597	10,961	-17,321	17,321	17,773	5,097	19,176	13,787	13,932	7,099	8,823	9,716	10,102	1,916	6,074	9,045	9,135	0	0	0	0
Net Income From Continuing Ops	-31,071	113,880	6,910	-92,758	64,239	172,364	160,116	619,242	44,643	-55,518	-67,021	69,296	39,972	8,104	-123,425	-91,251	44,451	-60,957	-88,385	-17,484	-310,187	97,212	53,158	-8,397	-178,672	-20,460	113,044	-59,191	-160,780	0	0	0	-151,988	0	0	0	-46,362	0	0	0	135,713	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,343	13,967	13,002	11,401	3,141	-1,014	-8,573	-7,017	-14,764	-13,530	-13,833	-14,822	-18,615	-13,755	-16,516	-19,834	-25,901	-20,548	-23,442	-27,188	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-498	498	2,417	2,417	-4,834	2,417	1,706	0	0	0	2,989	0	0	0	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
Operating Income	34,892	95,994	8,965	88,190	3,671	18,735	191,250	100,003	100,003	112,092	111,123	45,505	45,505	30,632	28,358	68,896	68,896	28,358	-23,435	28,864	-102,818	132,470	78,405	2,799	2,799	-22,896	-23,970	-32,707	-28,292	-37,371	-42,721	-34,576	-34,576	-24,113	-44,319	-6,104	-6,104	-5,173	-11,064	-16,474	-16,474	-11,857	-491	52,854	52,854	70,154	57,986	33,796	33,796	45,480	21,310	15,014	15,014	21,481	13,040	19,199	19,199	3,617	91,963	6,625	91,963	11,559	7,338	24,690	24,690	18,850	40,393	58,560	40,393	23,895	22,318	17,835	17,835	16,996	11,587	21,162	18,260	19,695	17,974	17,613	17,613	11,967	15,642	16,100	16,100	16,526	15,960	16,576	12,427	13,938	11,738	11,738	47,833
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
Other Operating Expenses	44,787	47,650	-68,565	59,849	61,532	52,912	29,639	60,924	60,924	67,465	66,729	67,479	67,479	64,740	62,074	75,091	75,091	62,074	90,365	81,786	101,436	79,371	78,717	69,888	69,888	55,328	52,378	55,770	50,559	53,527	59,786	54,580	54,580	51,618	63,557	49,439	49,439	34,191	31,665	33,409	33,409	29,014	28,543	58,484	58,484	50,972	48,995	46,841	46,841	38,549	43,977	42,241	42,241	45,576	42,628	44,810	44,810	46,692	45,578	47,234	45,578	46,499	45,068	75,945	75,945	35,415	32,344	39,480	32,344	32,043	31,364	25,972	25,972	25,791	27,320	24,216	24,892	23,829	20,546	21,770	21,770	17,476	15,276	17,400	17,400	0	0	0	0	0	0	0	0
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
Reconciled Depreciation	12,794	12,473	12,450	12,577	12,384	12,448	13,138	21,255	26,464	26,489	26,493	26,506	26,826	26,875	26,982	27,240	28,321	26,982	28,121	28,163	28,295	28,528	20,457	16,409	16,585	17,385	17,366	25,186	16,826	16,997	19,705	19,444	19,541	18,376	18,118	17,697	14,124	11,220	12,132	12,335	10,552	8,648	8,865	8,806	20,742	23,280	21,459	20,043	18,301	17,060	17,570	17,355	16,432	16,683	16,158	15,803	17,010	15,837	15,146	15,490	15,432	16,201	46,457	-16,085	106,805	-14,995	-15,015	-15,560	99,747	-15,194	-14,052	-13,679	94,592	-13,261	-13,144	-14,161	72,261	-11,721	-10,038	-8,730	56,432	-8,692	-7,185	-7,834	7,700	0	0	0	0	-	-	-	0
Research Development	677	1,503	18,555	18,395	6,686	2,221	2,701	0	0	0	0	0	0	0	1,248	3,033	3,033	490	123	1,590	4,726	5,741	7,943	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-39,130	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,700	7,700	0	0	0	0	-	-	-	0
Selling General Administrative	46,133	8,397	-10,401	28,463	7,591	6,894	12,675	8,542	8,542	9,904	9,331	11,374	11,374	9,156	9,842	14,867	14,867	9,842	14,037	15,135	17,401	20,516	21,299	16,763	16,763	11,025	11,105	14,887	9,808	9,689	11,576	10,061	10,061	7,339	9,214	4,266	4,266	5,630	4,507	5,032	5,032	5,592	5,587	6,828	6,828	4,929	4,929	6,500	9,900	6,162	6,162	8,300	7,500	7,800	4,400	3,200	5,700	5,500	4,500	4,300	4,100	4,700	4,500	4,500	4,600	5,000	5,200	3,800	3,600	4,000	3,800	2,300	2,900	2,700	3,500	3,200	3,100	1,800	1,900	1,700	2,300	2,100	1,500	1,900	1,900	1,519	1,459	1,249	4,560	1,016	1,328	1,328	7,715
Tax Provision	332	-159	1,445	252	-773	151	-190	375	1,175	152	156	257	383	216	185	197	369	274	176	205	627	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,680	9,900	-68,565	28,463	29,993	22,032	2,509	8,542	8,542	7,654	6,561	8,644	8,644	9,156	9,310	13,632	13,632	9,310	16,999	5,875	3,957	-2,744	21,281	16,763	16,763	11,025	11,105	14,887	9,808	9,689	11,560	10,061	10,061	7,339	9,214	10,653	10,653	5,630	4,507	5,032	5,032	5,592	5,587	6,828	6,828	28,209	28,122	28,197	28,197	23,222	26,934	23,889	23,889	24,435	20,537	22,710	22,710	21,357	19,333	19,767	19,333	20,940	18,877	61,041	61,041	20,117	18,673	22,153	18,673	18,697	17,474	16,046	16,046	15,571	16,273	13,961	15,320	13,168	11,670	11,046	11,046	9,887	8,500	9,600	9,600	0	0	0	0	0	0	0	0
Total Other Income Expense Net	-64,390	81,135	-610	-181,977	53,750	143,793	134,068	4,817	4,817	-80,468	-91,429	2,102	2,102	-4,466	-7,527	4,933	4,933	-6,946	-44,177	-9,693	-206,926	77,288	97,663	14,911	14,911	2,043	144	3,569	15,029	-18,037	-9,697	1,125	1,125	-85,499	58,864	15,237	15,237	7,671	-8,379	7,738	7,738	4,520	7,025	-500	-500	-151	-4,372	-547	-547	6,258	-8,988	-37,349	-37,349	9,916	-7,302	-38,735	-38,735	10,523	-53,098	-534	-53,098	55,001	-88	5,296	5,296	-13,514	-15,379	38,071	-15,379	-14,116	11,732	4,665	4,665	8,963	-10,107	-3,118	2,597	-5,787	16,253	6,030	6,030	2,976	-592	-4,400	-4,400	0	0	0	0	0	0	0	0
Total Revenue	79,679	67,252	77,530	73,968	58,949	68,626	60,477	115,048	115,048	106,603	104,287	118,684	118,684	95,152	102,242	139,048	139,048	102,242	96,745	114,287	181,939	123,101	59,374	57,587	57,587	32,432	28,408	23,063	22,267	16,282	18,645	22,994	22,994	27,378	20,144	35,272	35,272	28,834	21,084	17,308	17,308	17,030	27,926	111,838	111,838	121,126	106,992	80,622	80,622	77,771	73,968	64,616	64,616	70,426	55,668	65,509	65,509	50,309	59,479	53,859	59,479	58,058	52,470	59,547	59,547	54,265	72,737	53,734	72,737	55,938	53,682	45,151	45,151	42,787	38,907	45,378	43,152	43,524	38,520	39,383	39,383	29,443	30,918	33,500	33,500	32,622	32,131	32,389	31,841	28,603	26,890	26,890	113,009

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

Gross Profit (+$)
totalRevenue	298,429
Cost of Revenue	-143,626
Gross Profit	154,803	154,803

Operating Income (+$)
Gross Profit	154,803
Operating Expense	-72,592
Operating Income	82,211	82,211

Operating Expense (+$)
Research Development	39,130
Selling General Administrative	72,592
Selling And Marketing Expenses	-39,130
Operating Expense	72,592	72,592

Net Interest Income (+$)
Interest Income	56,436
Interest Expense	-900
Other Finance Cost	-1,078
Net Interest Income	54,458

Pretax Income (+$)
Operating Income	82,211
Net Interest Income	54,458
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,247	163,175 EBIT - interestExpense = 81,311 -44,950 -45,920
Interest Expense	900
Earnings Before Interest and Taxes (EBIT)	82,211	2,147
Earnings Before Interest and Taxes (EBITDA)	132,505

After tax Income (+$)
Income Before Tax	1,247
Tax Provision	-818
Net Income From Continuing Ops	92,337	429
Net Income	-46,820
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	216,218
Total Other Income/Expenses Net	-80,964	-54,458

Technical Analysis of Golar LNG Limited
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 Golar LNG Limited. The general trend of Golar LNG Limited is BULLISH with 85.7% 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 Golar LNG Limited'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 (85.7%)		Bearish trend (-85.7%)
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 Golar LNG Limited.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 25.90 < 27.19 < 27.57.

The bearish price targets are: 24.65 > 23.45 > 23.34.

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Golar LNG Limited 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 Golar LNG Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Golar LNG Limited 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 Golar LNG Limited. The current macd is 0.55503508.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 Golar LNG Limited price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Golar LNG Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Golar LNG Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Golar LNG Limited 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 Golar LNG Limited. The current adx is 32.74.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Golar LNG Limited shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

Golar LNG Limited 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 Golar LNG Limited. The current sar is 25.83.

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

Golar LNG Limited 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 Golar LNG Limited. The current rsi is 58.08. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Golar LNG Limited 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 Golar LNG Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

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

Golar LNG Limited 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 Golar LNG Limited. The current cci is 10.64.

Golar LNG Limited 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 Golar LNG Limited. The current cmo is 3.19558355.

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

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Golar LNG Limited 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 Golar LNG Limited. The current willr is -55.8891455.

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

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

Golar LNG Limited 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 Golar LNG Limited.

Golar LNG Limited 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 Golar LNG Limited. The current atr is 0.61041536.

Golar LNG Limited 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 Golar LNG Limited. The current obv is -15,754,578.

Golar LNG Limited 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 Golar LNG Limited. The current mfi is 57.14.

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

Golar LNG Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Golar LNG Limited.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Golar LNG Limited Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Golar LNG Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	58.082
Ma 20	Greater than	Ma 50	24.672
Ma 50	Greater than	Ma 100	22.841
Ma 100	Greater than	Ma 200	22.345
Open	Greater than	Close	24.770
Total			4/5 (80.0%)

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Golar LNG Limited Buy, Hold or Sell?

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Quick analysis of Golar LNG Limited (30 sec.)

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

$24.69

$24.88

$-66.66 - $28.17

$-41.78 - $53.05

2. Growth of Golar LNG Limited (5 min.)

Is Golar LNG Limited growing?

How much money is Golar LNG Limited making?

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

3. Financial Health of Golar LNG Limited (5 min.)

4. Comparing to competitors in the Oil & Gas Midstream industry (5 min.)

Industry Rankings (Oil & Gas Midstream)

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

What can you expect buying and holding a share of Golar LNG Limited?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Golar LNG Limited

About Golar LNG Limited

Financial Health

Valuation

1.1. Profitability of Golar LNG Limited.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Oil & Gas Midstream)

1.1.2. Return on Assets

Trends

Compared to industry (Oil & Gas Midstream)

1.1.3. Return on Equity

Trends

Compared to industry (Oil & Gas Midstream)

1.2. Operating Efficiency of Golar LNG Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Oil & Gas Midstream)

1.2.2. Operating Ratio

Trends

Compared to industry (Oil & Gas Midstream)

1.3. Liquidity of Golar LNG Limited.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Oil & Gas Midstream)

1.3.2. Quick Ratio

Trends

Compared to industry (Oil & Gas Midstream)

1.4. Solvency of Golar LNG Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Oil & Gas Midstream)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Oil & Gas Midstream)

2. Market Valuation of Golar LNG Limited

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Oil & Gas Midstream)

Golar LNG Limited
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