Harmonic Inc
Buy, Hold or Sell?

Let's analyse Harmonic Inc together

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

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

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

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Quick analysis of Harmonic Inc (30 sec.)

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

How much money do you get?

$0.08

When do you have the money?

1 year

How often do you get paid?

7.5%

What is your share worth?

Current worth

$3.78

Expected worth in 1 year

$4.79

How sure are you?

45.0%

+ What do you gain per year?

Total Gains per Share

$1.09

Return On Investment

11.8%

For what price can you sell your share?

Current Price per Share

$9.20

Expected price per share

$8.8 - $12.32

How sure are you?

50%

1. Valuation of Harmonic Inc (5 min.)

Live pricePrice per Share (EOD)

$9.20

Book Value per Share

$3.78

Intrinsic Value Per Share

$-12.95 - $-1.20

Total Value Per Share

$-9.17 - $2.58

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.02) TTM: ($0.00)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.02) TTM: ($0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.18	$0.04	$-0.33 - $0.03
2	$-0.69	$0.04	$-0.71 - $-0.02
3	$-1.50	$0.00	$-1.09 - $-0.06
4	$-2.58	$-0.08	$-1.48 - $-0.10
5	$-3.89	$-0.19	$-1.86 - $-0.14
6	$-5.40	$-0.33	$-2.24 - $-0.19
7	$-7.08	$-0.51	$-2.62 - $-0.23
8	$-8.92	$-0.71	$-3.01 - $-0.27
9	$-10.88	$-0.94	$-3.39 - $-0.31
10	$-12.95	$-1.20	$-3.77 - $-0.36

2. Growth of Harmonic Inc (5 min.)

Is Harmonic Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$436.8m	$301.6m	$62.4m	17.1%

How much money is Harmonic Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$20.9m	$7m	$13.9m	66.4%
Net Profit Margin	12.3%	4.4%	-	-

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

Quarterly Yearly

3. Financial Health of Harmonic Inc (5 min.)

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

Industry Rankings (Communication Equipment)

Richest
#67 / 341

Most Revenue
#105 / 341

Most Profit
#49 / 341

Most Efficient
#49 / 341

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

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

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

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

Speculation

The Price per Share of Harmonic Inc is $9.2. 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 Harmonic Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $3.78. Based on the TTM, the Book Value Change Per Share is $0.25 per quarter. Based on the YOY, the Book Value Change Per Share is $0.03 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 $0.02 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.72	7.9%	0.18	2.0%	0.06	0.7%	0.04	0.4%	-0.03	-0.4%
Usd Book Value Change Per Share	0.73	8.0%	0.25	2.7%	0.03	0.3%	0.09	0.9%	-0.02	-0.2%
Usd Dividend Per Share	0.00	0.0%	0.02	0.2%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	0.73	8.0%	0.27	3.0%	0.03	0.3%	0.09	1.0%	-0.01	-0.1%
Usd Price Per Share	13.04	-	13.36	-	11.03	-	9.16	-	7.23	-
Price to Earnings Ratio	4.50	-	89.33	-	-12.17	-	16.48	-	0.11	-
Price-to-Total Gains Ratio	17.76	-	132.40	-	949.05	-	248.84	-	-18.59	-
Price to Book Ratio	3.45	-	4.34	-	4.14	-	3.59	-	2.80	-
Price-to-Total Gains Ratio	17.76	-	132.40	-	949.05	-	248.84	-	-18.59	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	9.2
Number of shares	108

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.02	0.00
Usd Book Value Change Per Share	0.25	0.09
Usd Total Gains Per Share	0.27	0.09
Gains per Quarter (108 shares)	29.35	9.85
Gains per Year (108 shares)	117.39	39.42

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	8	109	107	2	38	29
2	17	218	224	4	75	68
3	25	327	341	6	113	107
4	33	436	458	8	150	146
5	42	545	575	10	188	185
6	50	654	692	11	225	224
7	58	763	809	13	263	263
8	67	872	926	15	300	302
9	75	982	1043	17	338	341
10	83	1091	1160	19	375	380

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	11.0	9.0	0.0	55.0%	13.0	27.0	0.0	32.5%	56.0	60.0	0.0	48.3%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	15.0	5.0	0.0	75.0%	18.0	22.0	0.0	45.0%	61.0	54.0	1.0	52.6%
Dividend per Share	2.0	0.0	2.0	50.0%	3.0	0.0	9.0	25.0%	3.0	0.0	17.0	15.0%	3.0	0.0	37.0	7.5%	3.0	0.0	113.0	2.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	15.0	5.0	0.0	75.0%	18.0	22.0	0.0	45.0%	61.0	54.0	1.0	52.6%

Fundamentals of Harmonic Inc

About Harmonic Inc

https://www.harmonicinc.com
Communication Equipment
1359
2590 Orchard Parkway, San Jose, CA, United States, 95131
Google Maps Bing Maps

Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.

Fundamental data was last updated by Penke on 2024-04-11 10:46:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just not 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 fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of Harmonic Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
A Net Profit Margin of 50.2% means that $0.50 for each $1 in revenue is generated as profit.

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

The MRQ is 50.2%. The company is making a huge profit. +2
The TTM is 12.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	50.2%	TTM	12.3%	+37.9%
TTM	12.3%	YOY	4.4%	+7.9%
TTM	12.3%	5Y	0.8%	+11.5%
5Y	0.8%	10Y	-5.9%	+6.7%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	50.2%	0.8%	+49.4%
TTM	12.3%	1.3%	+11.0%
YOY	4.4%	2.9%	+1.5%
5Y	0.8%	0.9%	-0.1%
10Y	-5.9%	1.7%	-7.6%

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

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

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

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

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
Can be used to compare companies within the Communication Equipment industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Harmonic Inc. If profit margins remain low (compared to the Communication Equipment 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 Harmonic Inc is 0.50. This means that Harmonic Inc earned $0.50 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 Communication Equipment industry is 0.8%.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of Harmonic Inc

You need the following data to determine net profit margin:

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

Net income MRQ Harmonic Inc = 83,841
Total revenue MRQ Harmonic Inc = 167,092
$83,841 / $167,092 = 0.50 or 50.2%

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 Harmonic Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
10.9% Return on Assets means that Harmonic Inc generated $0.11 profit for each $1 in assets.

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

The MRQ is 10.9%. Using its assets, the company is efficient in making profit. +1
The TTM is 2.7%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	10.9%	TTM	2.7%	+8.2%
TTM	2.7%	YOY	1.0%	+1.7%
TTM	2.7%	5Y	0.5%	+2.2%
5Y	0.5%	10Y	-0.9%	+1.4%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	10.9%	0.2%	+10.7%
TTM	2.7%	0.5%	+2.2%
YOY	1.0%	0.9%	+0.1%
5Y	0.5%	0.5%	+0.0%
10Y	-0.9%	0.6%	-1.5%

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

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Harmonic Inc to the Communication Equipment 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 Harmonic Inc is using its resources to generate profit. If the return on assets (10.9%) from Harmonic Inc are higher than the Communication Equipment mean (0.2%) that means Harmonic Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Harmonic Inc is 10.9%. This means the company generated $0.11 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Communication Equipment industry is 0.2%.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example Harmonic Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Harmonic Inc = 83,841
Total assets MRQ (balance sheet) from Harmonic Inc = 768,206
83,841 / 768,206 = 0.11 or 10.9%

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

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

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

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

1.1.3. Return on Equity

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

Above 15%-20% is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
19.2% Return on Equity means Harmonic Inc generated $0.19 for each $1 the owners (shareholders) invested.

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

The MRQ is 19.2%. Using its investors money, the company is efficient in making profit. +1
The TTM is 4.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	19.2%	TTM	4.8%	+14.4%
TTM	4.8%	YOY	2.3%	+2.5%
TTM	4.8%	5Y	0.8%	+4.0%
5Y	0.8%	10Y	-1.7%	+2.5%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	19.2%	1.0%	+18.2%
TTM	4.8%	1.0%	+3.8%
YOY	2.3%	2.0%	+0.3%
5Y	0.8%	0.9%	-0.1%
10Y	-1.7%	1.5%	-3.2%

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

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Harmonic Inc to the Communication Equipment 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 Communication Equipment 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 Harmonic Inc is 19.2%. This means Harmonic Inc generated $0.19 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Communication Equipment industry is 1.0%.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if Harmonic Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of Harmonic Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Harmonic Inc = 83,841
Shareholders equity (balance sheet) MRQ Harmonic Inc = 436,874
83,841 / 436,874 = 0.19 or 19.2%

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 Harmonic Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Harmonic Inc is operating .

Measures how much profit Harmonic Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
An Operating Margin of 5.7% means the company generated $0.06 for each $1 in revenue (before taxes).

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

The MRQ is 5.7%. The company is operating less efficient.
The TTM is 3.3%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	5.7%	TTM	3.3%	+2.4%
TTM	3.3%	YOY	7.4%	-4.1%
TTM	3.3%	5Y	1.9%	+1.4%
5Y	1.9%	10Y	-3.2%	+5.1%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	5.7%	1.8%	+3.9%
TTM	3.3%	1.4%	+1.9%
YOY	7.4%	3.6%	+3.8%
5Y	1.9%	2.6%	-0.7%
10Y	-3.2%	2.6%	-5.8%

Measures how efficient Harmonic Inc is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Harmonic Inc to the Communication Equipment 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 Harmonic Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Harmonic Inc is 5.7%. This means that Harmonic Inc earned $0.06 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Communication Equipment industry is 1.8%.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Harmonic Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Harmonic Inc = 9,606
Total revenue MRQ Harmonic Inc = 167,092
$9,606 / $167,092 = 0.06 or 5.7%

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 Harmonic Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Communication Equipment industry mean).
An Operation Ratio of 0.94 means that the operating costs are $0.94 for each $1 in net sales.

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

The MRQ is 0.943. The company is less efficient in keeping operating costs low.
The TTM is 0.967. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.943	TTM	0.967	-0.025
TTM	0.967	YOY	0.923	+0.044
TTM	0.967	5Y	0.979	-0.012
5Y	0.979	10Y	1.031	-0.052

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.943	1.556	-0.613
TTM	0.967	1.541	-0.574
YOY	0.923	1.509	-0.586
5Y	0.979	1.494	-0.515
10Y	1.031	1.316	-0.285

Measures how efficient Harmonic Inc is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Harmonic Inc to the Communication Equipment 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 Harmonic Inc is 94.3%. This means that Harmonic Inc earned $0.94 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 Communication Equipment industry is 1.56.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Harmonic Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(88,329 +69,157) \ 167,092 = 0.94

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 Harmonic Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
A Current Ratio of 1.21 means the company has $1.21 in assets for each $1 in short-term debts.

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

The MRQ is 1.207. The company is just able to pay all its short-term debts.
The TTM is 1.165. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.207	TTM	1.165	+0.042
TTM	1.165	YOY	1.383	-0.217
TTM	1.165	5Y	1.386	-0.221
5Y	1.386	10Y	1.673	-0.287

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	1.207	1.898	-0.691
TTM	1.165	1.898	-0.733
YOY	1.383	1.876	-0.493
5Y	1.386	1.943	-0.557
10Y	1.673	1.897	-0.224

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Communication Equipment 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 Harmonic Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Harmonic Inc is 1.21. This means Harmonic Inc has $1.21 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Communication Equipment industry is 1.90.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Harmonic Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
328,853 \ 272,394) = 1.21

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
A Quick Ratio of 0.85 means the company can pay off $0.85 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.846. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.704. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.846	TTM	0.704	+0.143
TTM	0.704	YOY	0.882	-0.179
TTM	0.704	5Y	0.940	-0.236
5Y	0.940	10Y	1.285	-0.345

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.846	0.800	+0.046
TTM	0.704	0.846	-0.142
YOY	0.882	0.952	-0.070
5Y	0.940	1.014	-0.074
10Y	1.285	1.065	+0.220

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Harmonic Inc to the Communication Equipment 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 Harmonic Inc can pay off its short term debts. This shows if Harmonic Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Harmonic Inc is 0.85. This means that Harmonic Inc can pay off $0.85 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 0.80.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Harmonic Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Harmonic Inc: (84,269 + 0 +146,303) / 272,394 = 0.85

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 Harmonic Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Harmonic Inc to Communication Equipment industry mean.
A Debt to Asset Ratio of 0.43 means that Harmonic Inc assets are financed with 43.1% credit (debt) and the remaining percentage (100% - 43.1%) is financed by its owners/shareholders.

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

The MRQ is 0.431. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.488. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.431	TTM	0.488	-0.057
TTM	0.488	YOY	0.570	-0.082
TTM	0.488	5Y	0.558	-0.070
5Y	0.558	10Y	0.490	+0.068

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.431	0.467	-0.036
TTM	0.488	0.469	+0.019
YOY	0.570	0.469	+0.101
5Y	0.558	0.471	+0.087
10Y	0.490	0.457	+0.033

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Harmonic Inc to Communication Equipment 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 Harmonic Inc is 0.43. This means means that Harmonic Inc is financed with 43.1% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Communication Equipment industry is 189.8%.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Harmonic Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
331,332 \ 768,206 = 43.1% or 0.43.

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

Below 2 is considered healthy but always compare Harmonic Inc to the Communication Equipment industry mean.
A Debt to Equity ratio of 75.8% means that company has $0.76 debt for each $1 in shareholders equity.

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

The MRQ is 0.758. The company is very able to pay all its debts with equity. +2
The TTM is 0.961. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.758	TTM	0.961	-0.203
TTM	0.961	YOY	1.331	-0.369
TTM	0.961	5Y	1.281	-0.319
5Y	1.281	10Y	1.060	+0.221

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.758	0.852	-0.094
TTM	0.961	0.847	+0.114
YOY	1.331	0.880	+0.451
5Y	1.281	0.905	+0.376
10Y	1.060	0.948	+0.112

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

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Harmonic Inc is 0.76. This means that Harmonic Inc can pay off $0.76 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 0.85.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Harmonic Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
331,332 \ 436,874 = 0.76 or 75.8%

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 Harmonic Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Harmonic Inc to the Communication Equipment industry mean.
A PE ratio of 4.50 means the investor is paying $4.50 for every $1 in earnings.

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

The EOD is 3.174. Based on the earnings, the company is cheap. +2
The MRQ is 4.498. Based on the earnings, the company is cheap. +2
The TTM is 89.333. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	3.174	MRQ	4.498	-1.325
MRQ	4.498	TTM	89.333	-84.835
TTM	89.333	YOY	-12.167	+101.500
TTM	89.333	5Y	16.480	+72.853
5Y	16.480	10Y	0.109	+16.370

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	3.174	5.977	-2.803
MRQ	4.498	6.140	-1.642
TTM	89.333	7.824	+81.509
YOY	-12.167	12.047	-24.214
5Y	16.480	15.683	+0.797
10Y	0.109	19.055	-18.946

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

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Harmonic Inc to the Communication Equipment 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 Harmonic Inc is 4.50. This means the investor is paying $4.50 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 6.14.
What is the trend?
The trend is important because it shows you how Harmonic Inc is performing over time. The most recent quarter might be important if Harmonic Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Harmonic Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Harmonic Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 115,691 = EPS
PE ratio MRQ = 4.50

* 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 Harmonic Inc:

The EOD is 75.145. Based on how much money comes from the company's main activities, the company is overpriced. -1
The MRQ is 106.510. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 54.589. Based on how much money comes from the company's main activities, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	75.145	MRQ	106.510	-31.365
MRQ	106.510	TTM	54.589	+51.922
TTM	54.589	YOY	-2.599	+57.187
TTM	54.589	5Y	16.981	+37.608
5Y	16.981	10Y	8.808	+8.173

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	75.145	2.637	+72.508
MRQ	106.510	2.618	+103.892
TTM	54.589	0.437	+54.152
YOY	-2.599	-0.245	-2.354
5Y	16.981	1.830	+15.151
10Y	8.808	2.146	+6.662

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
A PB ratio of 3.45 means the investor is paying $3.45 for each $1 in book value.

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

The EOD is 2.436. Based on the equity, the company is underpriced. +1
The MRQ is 3.453. Based on the equity, the company is fair priced.
The TTM is 4.340. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	2.436	MRQ	3.453	-1.017
MRQ	3.453	TTM	4.340	-0.887
TTM	4.340	YOY	4.144	+0.196
TTM	4.340	5Y	3.595	+0.745
5Y	3.595	10Y	2.797	+0.798

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	2.436	1.861	+0.575
MRQ	3.453	1.868	+1.585
TTM	4.340	1.982	+2.358
YOY	4.144	1.989	+2.155
5Y	3.595	2.281	+1.314
10Y	2.797	2.652	+0.145

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Harmonic Inc

Institutions are holding 111.432% of the shares of Harmonic Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	15.7358	0.0059	17609746	463143	2.7011
2023-09-30	Vanguard Group Inc	8.3967	0.0022	9396603	847808	9.9173
2023-12-31	Wellington Management Company LLP	7.8601	0.0214	8796165	990425	12.6884
2023-12-31	Trigran Investments Inc	7.6512	10.7505	8562409	-1074400	-11.1489
2023-12-31	Scopia Management Inc	4.6932	8.4693	5252110	-397053	-7.0285
2023-09-30	State Street Corporation	3.592	0.0022	4019755	211859	5.5637
2023-12-31	Amvescap Plc.	3.1455	0.0109	3520060	2879049	449.1419
2023-12-31	Dimensional Fund Advisors, Inc.	3.0287	0.0129	3389426	82822	2.5047
2023-09-30	Polar Asset Management Partners	2.5654	0.6143	2870962	687900	31.5108
2023-09-30	Geode Capital Management, LLC	2.092	0.0027	2341152	86800	3.8503
2023-09-30	Ameriprise Financial Inc	2.0632	0.0073	2308914	-173015	-6.971
2023-12-31	Toronado Partners, LLC	1.5921	12.2164	1781735	-229797	-11.424
2023-09-30	Nuveen Asset Management, LLC	1.5563	0.0059	1741628	160899	10.1788
2023-09-30	Morgan Stanley - Brokerage Accounts	1.4787	0.0016	1654795	-355301	-17.6758
2023-12-31	Victory Capital Management Inc.	1.4532	0.0223	1626253	-64542	-3.8173
2023-12-31	Westfield Capital Management Company, LP	1.3196	0.1122	1476793	1476793	0
2023-12-31	Wasatch Advisors Inc.	1.1601	0.0933	1298272	556875	75.1116
2023-12-31	Kennedy Capital Management Inc	1.114	0.355	1246641	-392931	-23.9655
2023-12-31	DigitalBridge Group Inc	1.0773	1.4726	1205586	273490	29.3414
2023-09-30	Northern Trust Corp	1.0427	0.0022	1166870	-6681	-0.5693
Total		72.6178	34.1811	81265875	+6024143	+7.4%

3.2. Funds holding Harmonic Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Small-Cap ETF	6.8304	0.1296	7643781	12132	0.159
2024-02-29	Invesco Small Cap Value A	3.4783	1.244	3892500	79900	2.0957
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9673	0.0028	3320726	0	0
2024-02-29	iShares Russell 2000 ETF	2.3857	0.0562	2669811	-436	-0.0163
2024-02-29	Vanguard Information Technology ETF	2.0768	0.0401	2324113	20547	0.892
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4805	0.0213	1656794	7423	0.4501
2024-01-31	Columbia Small Cap Growth Inst	1.021	0.7662	1142574	-455716	-28.5127
2023-12-31	Fidelity Small Cap Index	0.9822	0.0564	1099187	14737	1.3589
2023-09-30	Mediolanum Ch Technology Eq Evolt L A	0.9415	0.4431	1053596	-560195	-34.713
2024-02-29	SPDR® Portfolio S&P 600 Sm Cap ETF	0.9004	0.1288	1007602	207	0.0205
2024-02-29	iShares Russell 2000 Growth ETF	0.8686	0.1124	972018	-1130	-0.1161
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7832	0.1295	876482	0	0
2023-12-31	Wellington CIF II SMID Cap Research S3	0.7747	0.52	866942	133795	18.2494
2023-12-31	Delaware Ivy Small Cap Growth C	0.7744	0.8213	866595	0	0
2024-01-31	DFA US Micro Cap I	0.77	0.1482	861681	0	0
2023-12-31	Victory Integrity Small-Cap Value A	0.722	0.6809	808000	-42500	-4.9971
2023-12-31	Integrity Small-Cap Value Comp	0.722	0.6842	808000	-42500	-4.9971
2024-01-31	DFA US Small Cap I	0.7205	0.0641	806301	0	0
2023-09-30	Wellington SMID Cap Research Equity	0.6551	0.3611	733147	182683	33.1871
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5931	0.0209	663722	12200	1.8725
Total		30.4477	6.4311	34073572	-638853	-1.9%

3.3. Insider Transactions

Insiders are holding 2.7% of the shares of Harmonic Inc.

Date	Owner	Type	Amount	Price
2024-02-16	Neven Haltmayer	SELL	14747	13.68
2024-02-05	Nimrod Ben-natan	SELL	100000	12.91
2024-02-02	Neven Haltmayer	SELL	10558	13.11
2024-01-31	Neven Haltmayer	SELL	24695	11.58

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.734	0.252	+191%	0.029	+2469%	0.087	+746%	-0.016	+102%
Book Value Per Share	-	-	3.776	3.136	+20%	2.655	+42%	2.494	+51%	2.592	+46%
Current Ratio	-	-	1.207	1.165	+4%	1.383	-13%	1.386	-13%	1.673	-28%
Debt To Asset Ratio	-	-	0.431	0.488	-12%	0.570	-24%	0.558	-23%	0.490	-12%
Debt To Equity Ratio	-	-	0.758	0.961	-21%	1.331	-43%	1.281	-41%	1.060	-28%
Dividend Per Share	-	-	-	0.019	-100%	0.003	-100%	0.004	-100%	0.002	-100%
Eps	-	-	0.725	0.181	+301%	0.062	+1067%	0.039	+1769%	-0.034	+105%
Free Cash Flow Per Share	-	-	0.031	-0.001	+105%	-0.010	+133%	0.023	+35%	0.014	+120%
Free Cash Flow To Equity Per Share	-	-	0.013	-0.012	+189%	-0.102	+872%	0.008	+74%	-0.001	+104%
Gross Profit Margin	-	-	1.000	1.000	0%	0.971	+3%	0.994	+1%	0.997	+0%
Intrinsic Value_10Y_max	-	-	-1.196	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-12.950	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.041	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.175	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	0.001	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-1.502	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.187	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-3.887	-	-	-	-	-	-	-	-
Market Cap	1029562800.000	-47%	1508610640.000	1558477935.000	-3%	1256464172.500	+20%	1042518486.500	+45%	817342480.000	+85%
Net Profit Margin	-	-	0.502	0.123	+307%	0.044	+1032%	0.008	+6155%	-0.059	+112%
Operating Margin	-	-	0.057	0.033	+74%	0.074	-22%	0.019	+202%	-0.032	+156%
Operating Ratio	-	-	0.943	0.967	-3%	0.923	+2%	0.979	-4%	1.031	-9%
Pb Ratio	2.436	-42%	3.453	4.340	-20%	4.144	-17%	3.595	-4%	2.797	+23%
Pe Ratio	3.174	-42%	4.498	89.333	-95%	-12.167	+370%	16.480	-73%	0.109	+4015%
Price Per Share	9.200	-42%	13.040	13.358	-2%	11.033	+18%	9.163	+42%	7.227	+80%
Price To Free Cash Flow Ratio	75.145	-42%	106.510	54.589	+95%	-2.599	+102%	16.981	+527%	8.808	+1109%
Price To Total Gains Ratio	12.531	-42%	17.761	132.400	-87%	949.048	-98%	248.845	-93%	-18.587	+205%
Quick Ratio	-	-	0.846	0.704	+20%	0.882	-4%	0.940	-10%	1.285	-34%
Return On Assets	-	-	0.109	0.027	+301%	0.010	+985%	0.005	+2082%	-0.009	+108%
Return On Equity	-	-	0.192	0.048	+299%	0.023	+729%	0.008	+2301%	-0.017	+109%
Total Gains Per Share	-	-	0.734	0.272	+170%	0.031	+2244%	0.091	+705%	-0.014	+102%
Usd Book Value	-	-	436874000.000	364065250.000	+20%	301654000.000	+45%	282644050.000	+55%	291856700.000	+50%
Usd Book Value Change Per Share	-	-	0.734	0.252	+191%	0.029	+2469%	0.087	+746%	-0.016	+102%
Usd Book Value Per Share	-	-	3.776	3.136	+20%	2.655	+42%	2.494	+51%	2.592	+46%
Usd Dividend Per Share	-	-	-	0.019	-100%	0.003	-100%	0.004	-100%	0.002	-100%
Usd Eps	-	-	0.725	0.181	+301%	0.062	+1067%	0.039	+1769%	-0.034	+105%
Usd Free Cash Flow	-	-	3541000.000	-354000.000	+110%	-943500.000	+127%	2538850.000	+39%	1557800.000	+127%
Usd Free Cash Flow Per Share	-	-	0.031	-0.001	+105%	-0.010	+133%	0.023	+35%	0.014	+120%
Usd Free Cash Flow To Equity Per Share	-	-	0.013	-0.012	+189%	-0.102	+872%	0.008	+74%	-0.001	+104%
Usd Market Cap	1029562800.000	-47%	1508610640.000	1558477935.000	-3%	1256464172.500	+20%	1042518486.500	+45%	817342480.000	+85%
Usd Price Per Share	9.200	-42%	13.040	13.358	-2%	11.033	+18%	9.163	+42%	7.227	+80%
Usd Profit	-	-	83841000.000	20998500.000	+299%	7045500.000	+1090%	4511750.000	+1758%	-3699450.000	+104%
Usd Revenue	-	-	167092000.000	151976750.000	+10%	156239250.000	+7%	126085900.000	+33%	112500425.000	+49%
Usd Total Gains Per Share	-	-	0.734	0.272	+170%	0.031	+2244%	0.091	+705%	-0.014	+102%
	EOD	+4 -4	MRQ	TTM	+28 -7	YOY	+26 -10	5Y	+29 -7	10Y	+28 -8

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	3.174
Price to Book Ratio (EOD)	Between	0-1	2.436
Net Profit Margin (MRQ)	Greater than	0	0.502
Operating Margin (MRQ)	Greater than	0	0.057
Quick Ratio (MRQ)	Greater than	1	0.846
Current Ratio (MRQ)	Greater than	1	1.207
Debt to Asset Ratio (MRQ)	Less than	1	0.431
Debt to Equity Ratio (MRQ)	Less than	1	0.758
Return on Equity (MRQ)	Greater than	0.15	0.192
Return on Assets (MRQ)	Greater than	0.05	0.109
Total			8/10 (80.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	9.220
Total			1/1 (100.0%)

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Latest Balance Sheet

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

Summary

Total Assets	768,206
Total Liabilities	331,332
Total Stockholder Equity	436,874

	As reported
Total Liabilities	331,332
Total Stockholder Equity	+ 436,874
Total Assets	= 768,206

Assets

Total Assets	768,206
Total Current Assets	328,853
Long-term Assets	439,353

Total Current Assets

Total Current Assets (as reported)	328,853
Cash And Cash Equivalents	84,269
Net Receivables	146,303
Inventory	83,982
Other Current Assets	14,299
Total Current Assets (calculated)	328,853
+/-	0

Long-term Assets

Long-term Assets (as reported)	439,353
Property Plant Equipment	57,500
Goodwill	239,150
Long-term Assets Other	37,996
Long-term Assets (calculated)	334,646
+/-	104,707

Liabilities & Shareholders' Equity

Total Current Liabilities	272,394
Long-term Liabilities	58,938
Total Stockholder Equity	436,874

Total Current Liabilities

Total Current Liabilities (as reported)	272,394
Short-term Debt	126,591
Short Long Term Debt	119,798
Accounts payable	38,562
Other Current Liabilities	61,024
Total Current Liabilities (calculated)	345,975
+/-	73,581

Long-term Liabilities

Long-term Liabilities (as reported)	58,938
Capital Lease Obligations	25,758
Long-term Liabilities Other	29,478
Long-term Liabilities (calculated)	55,236
+/-	3,702

Total Stockholder Equity

Total Stockholder Equity (as reported)	436,874
Common Stock	112
Retained Earnings	-1,962,575
Accumulated Other Comprehensive Income	-5,706
Other Stockholders Equity	2,405,043
Total Stockholder Equity (calculated)	436,874
+/-	0

Other

Capital Stock	112
Cash and Short Term Investments	84,269
Common Stock Shares Outstanding	115,691
Current Deferred Revenue	46,217
Liabilities and Stockholders Equity	768,206
Net Debt	71,782
Net Invested Capital	567,167
Net Working Capital	58,338
Property Plant and Equipment Gross	167,872
Short Long Term Debt Total	156,051

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

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2019-12-31

2019-09-30

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2017-09-30

2017-06-30

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2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

15,900
42,100
41,500
41,800
43,000
45,900
50,900
54,600
57,200
58,100
59,300
58,900
56,700
58,900
59,600
62,400
67,000
140,300
158,500
185,700
194,163
2,371,991
1,957,724
425,944
425,944
349,209
285,577
238,056
227,763
214,026
193,986
173,754
161,949
151,956
142,402
224,726
215,775
205,117
211,760
242,356
242,540
224,425
230,044
226,297
215,162
214,673
237,067
281,962
267,519
270,703
300,353
475,779
464,901
490,659
539,620
564,363
540,508
538,037
536,155
556,304
568,078
595,177
703,205
720,386
720,598
736,361
733,440
734,166
730,055
729,737
723,500
717,531
715,144
626,990
617,153
606,084
574,749
532,443
489,722
480,518
486,847
489,218
466,908
524,957
610,693
588,044
565,461
554,069
530,990
508,016
511,962
508,059
516,234
505,784
506,424
510,835
514,177
526,721
568,206
587,327
576,275
557,521
559,422
591,523
609,709
651,240
643,866
693,686
700,445
698,459
697,871
710,018
703,815
690,352
673,811
768,206

768,206

673,811

690,352

703,815

710,018

697,871

698,459

700,445

693,686

643,866

651,240

609,709

591,523

559,422

557,521

576,275

587,327

568,206

526,721

514,177

510,835

506,424

505,784

516,234

508,059

511,962

508,016

530,990

554,069

565,461

588,044

610,693

524,957

466,908

489,218

486,847

480,518

489,722

532,443

574,749

606,084

617,153

626,990

715,144

717,531

723,500

729,737

730,055

734,166

733,440

736,361

720,598

720,386

703,205

595,177

568,078

556,304

536,155

538,037

540,508

564,363

539,620

490,659

464,901

475,779

300,353

270,703

267,519

281,962

237,067

214,673

215,162

226,297

230,044

224,425

242,540

242,356

211,760

205,117

215,775

224,726

142,402

151,956

161,949

173,754

193,986

214,026

227,763

238,056

285,577

349,209

425,944

1,957,724

2,371,991

194,163

185,700

158,500

140,300

67,000

62,400

59,600

58,900

56,700

58,900

59,300

58,100

57,200

54,600

50,900

45,900

43,000

41,800

41,500

42,100

15,900

> Total Current Assets

13,200
38,900
38,200
37,300
38,100
40,700
42,000
45,200
47,300
48,100
48,700
47,400
45,000
46,700
47,800
50,400
54,700
111,000
121,400
169,700
174,468
648,059
308,148
289,053
289,053
210,439
165,604
138,463
137,748
133,295
119,551
105,936
100,344
96,283
91,894
179,746
175,183
169,427
180,917
215,022
213,047
196,061
203,356
201,148
191,315
191,920
214,886
211,968
198,766
203,590
216,622
393,808
384,410
410,490
440,544
470,330
403,832
404,236
405,976
418,298
427,994
443,837
324,528
348,551
356,099
379,471
384,449
391,878
394,547
402,503
403,964
396,872
419,453
332,182
329,635
328,730
309,605
275,030
234,814
232,684
243,142
245,896
226,646
286,131
256,443
247,885
226,097
216,835
192,642
172,760
176,057
171,775
181,846
179,104
187,199
196,702
181,071
185,503
236,887
251,362
231,625
207,877
214,043
238,035
260,667
301,121
291,175
323,127
325,400
338,426
336,683
347,692
338,105
331,516
329,137
328,853

328,853

329,137

331,516

338,105

347,692

336,683

338,426

325,400

323,127

291,175

301,121

260,667

238,035

214,043

207,877

231,625

251,362

236,887

185,503

181,071

196,702

187,199

179,104

181,846

171,775

176,057

172,760

192,642

216,835

226,097

247,885

256,443

286,131

226,646

245,896

243,142

232,684

234,814

275,030

309,605

328,730

329,635

332,182

419,453

396,872

403,964

402,503

394,547

391,878

384,449

379,471

356,099

348,551

324,528

443,837

427,994

418,298

405,976

404,236

403,832

470,330

440,544

410,490

384,410

393,808

216,622

203,590

198,766

211,968

214,886

191,920

191,315

201,148

203,356

196,061

213,047

215,022

180,917

169,427

175,183

179,746

91,894

96,283

100,344

105,936

119,551

133,295

137,748

138,463

165,604

210,439

289,053

308,148

648,059

174,468

169,700

121,400

111,000

54,700

50,400

47,800

46,700

45,000

47,400

48,700

48,100

47,300

45,200

42,000

40,700

38,100

37,300

38,200

38,900

13,200

Cash And Cash Equivalents

1,900
24,200
22,300
22,100
17,800
18,700
17,700
16,400
14,500
11,000
9,900
13,700
12,500
13,200
8,200
9,200
11,400
32,200
18,200
24,800
10,936
350,430
17,901
13,505
13,505
26,003
28,253
36,005
37,274
37,848
28,334
21,542
27,075
22,867
15,380
41,877
36,826
15,353
20,431
26,603
31,661
21,739
32,804
37,818
41,123
49,970
50,404
33,454
26,565
21,421
40,993
129,005
182,375
172,668
169,593
179,891
110,891
125,677
149,975
152,477
155,960
187,893
70,523
96,533
59,672
70,370
75,235
90,983
81,019
92,446
103,235
96,670
118,464
83,203
93,330
90,329
69,192
59,173
42,028
73,032
79,656
76,049
61,571
126,190
56,995
51,516
44,741
55,635
55,292
52,885
50,039
57,024
52,045
54,098
61,654
65,989
69,916
58,064
66,695
93,058
71,712
77,744
70,817
98,645
100,777
115,177
128,434
133,431
100,739
121,819
105,280
89,586
90,877
71,031
75,622
84,269

84,269

75,622

71,031

90,877

89,586

105,280

121,819

100,739

133,431

128,434

115,177

100,777

98,645

70,817

77,744

71,712

93,058

66,695

58,064

69,916

65,989

61,654

54,098

52,045

57,024

50,039

52,885

55,292

55,635

44,741

51,516

56,995

126,190

61,571

76,049

79,656

73,032

42,028

59,173

69,192

90,329

93,330

83,203

118,464

96,670

103,235

92,446

81,019

90,983

75,235

70,370

59,672

96,533

70,523

187,893

155,960

152,477

149,975

125,677

110,891

179,891

169,593

172,668

182,375

129,005

40,993

21,421

26,565

33,454

50,404

49,970

41,123

37,818

32,804

21,739

31,661

26,603

20,431

15,353

36,826

41,877

15,380

22,867

27,075

21,542

28,334

37,848

37,274

36,005

28,253

26,003

13,505

17,901

350,430

10,936

24,800

18,200

32,200

11,400

9,200

8,200

13,200

12,500

13,700

9,900

11,000

14,500

16,400

17,700

18,700

17,800

22,100

22,300

24,200

1,900

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,500
34,700
64,900
72,439
90,925
93,381
86,164
86,164
35,906
25,731
18,272
14,678
19,007
26,223
27,616
16,452
13,443
11,938
70,720
71,540
76,847
68,949
74,004
72,893
76,425
72,079
73,010
67,435
63,564
60,320
58,917
56,291
60,798
58,038
140,255
96,515
115,541
123,816
147,272
150,943
127,145
102,989
118,593
111,838
90,028
39,595
23,838
57,614
63,928
65,648
70,854
87,440
85,355
88,747
104,506
109,790
78,478
75,966
80,252
78,547
75,238
55,151
31,847
22,203
29,034
25,990
26,604
19,238
13,760
7,931
6,923
6,923
802
803
530
285
274
222
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,305
0

6,305

222

274

285

530

803

802

6,923

7,931

13,760

19,238

26,604

25,990

29,034

22,203

31,847

55,151

75,238

78,547

80,252

75,966

78,478

109,790

104,506

88,747

85,355

87,440

70,854

65,648

63,928

57,614

23,838

39,595

90,028

111,838

118,593

102,989

127,145

150,943

147,272

123,816

115,541

96,515

140,255

58,038

60,798

56,291

58,917

60,320

63,564

67,435

73,010

72,079

76,425

72,893

74,004

68,949

76,847

71,540

70,720

11,938

13,443

16,452

27,616

26,223

19,007

14,678

18,272

25,731

35,906

86,164

93,381

90,925

72,439

64,900

34,700

25,500

Net Receivables

4,400
6,800
6,700
5,800
10,300
11,500
12,700
12,600
14,300
21,500
22,000
16,500
14,400
13,400
17,300
17,600
20,800
26,900
35,200
35,400
38,638
114,764
90,460
67,726
67,726
50,915
41,129
34,402
45,602
38,473
23,426
25,380
29,424
34,775
32,150
38,528
32,360
39,103
43,287
64,148
55,777
48,190
48,204
43,433
43,329
35,493
52,423
64,674
58,421
62,476
69,339
69,302
56,812
59,205
75,949
63,923
52,698
64,503
70,347
64,838
70,041
71,363
92,438
101,652
111,929
117,861
116,429
109,886
111,753
102,748
94,638
85,920
95,692
86,248
85,069
75,052
77,515
79,937
75,640
74,144
75,864
76,079
64,128
69,515
95,477
108,871
99,078
86,765
69,771
60,427
71,582
69,844
74,760
82,635
77,986
81,795
58,930
70,571
100,905
88,500
93,058
79,070
81,353
66,227
85,704
100,599
75,442
88,529
115,594
106,351
105,581
108,427
88,135
119,203
110,345
146,303

146,303

110,345

119,203

88,135

108,427

105,581

106,351

115,594

88,529

75,442

100,599

85,704

66,227

81,353

79,070

93,058

88,500

100,905

70,571

58,930

81,795

77,986

82,635

74,760

69,844

71,582

60,427

69,771

86,765

99,078

108,871

95,477

69,515

64,128

76,079

75,864

74,144

75,640

79,937

77,515

75,052

85,069

86,248

95,692

85,920

94,638

102,748

111,753

109,886

116,429

117,861

111,929

101,652

92,438

71,363

70,041

64,838

70,347

64,503

52,698

63,923

75,949

59,205

56,812

69,302

69,339

62,476

58,421

64,674

52,423

35,493

43,329

43,433

48,204

48,190

55,777

64,148

43,287

39,103

32,360

38,528

32,150

34,775

29,424

25,380

23,426

38,473

45,602

34,402

41,129

50,915

67,726

90,460

114,764

38,638

35,400

35,200

26,900

20,800

17,600

17,300

13,400

14,400

16,500

22,000

21,500

14,300

12,600

12,700

11,500

10,300

5,800

6,700

6,800

4,400

Inventory

6,600
7,600
8,900
9,200
8,600
9,000
10,400
14,800
17,000
13,900
14,400
15,500
16,300
18,700
20,700
22,400
21,200
24,200
30,500
35,300
42,868
68,355
81,979
80,191
80,191
62,093
35,424
30,944
26,126
27,847
32,034
25,904
22,768
21,644
21,205
22,425
28,323
30,359
37,988
41,763
43,237
42,620
43,064
38,552
31,208
30,961
35,635
42,116
46,685
42,508
36,341
34,251
33,086
32,124
32,530
26,875
38,213
34,363
30,720
35,066
39,609
42,816
57,176
58,065
58,817
61,064
65,155
70,649
65,545
68,007
68,269
64,270
46,385
44,381
40,369
36,926
30,304
30,170
32,512
32,747
31,518
31,241
39,873
38,819
42,415
36,624
35,828
41,193
39,920
35,130
31,754
25,976
25,074
22,994
23,333
25,638
29,325
27,659
28,970
29,042
34,854
32,097
36,802
35,031
35,539
43,031
51,856
71,195
81,816
82,636
99,024
120,949
131,642
113,587
103,748
83,982

83,982

103,748

113,587

131,642

120,949

99,024

82,636

81,816

71,195

51,856

43,031

35,539

35,031

36,802

32,097

34,854

29,042

28,970

27,659

29,325

25,638

23,333

22,994

25,074

25,976

31,754

35,130

39,920

41,193

35,828

36,624

42,415

38,819

39,873

31,241

31,518

32,747

32,512

30,170

30,304

36,926

40,369

44,381

46,385

64,270

68,269

68,007

65,545

70,649

65,155

61,064

58,817

58,065

57,176

42,816

39,609

35,066

30,720

34,363

38,213

26,875

32,530

32,124

33,086

34,251

36,341

42,508

46,685

42,116

35,635

30,961

31,208

38,552

43,064

42,620

43,237

41,763

37,988

30,359

28,323

22,425

21,205

21,644

22,768

25,904

32,034

27,847

26,126

30,944

35,424

62,093

80,191

81,979

68,355

42,868

35,300

30,500

24,200

21,200

22,400

20,700

18,700

16,300

15,500

14,400

13,900

17,000

14,800

10,400

9,000

8,600

9,200

8,900

7,600

6,600

Other Current Assets

300
300
300
200
1,400
1,500
1,200
1,400
1,500
1,700
2,400
1,700
1,800
1,400
1,600
1,200
1,300
27,700
2,800
9,300
9,587
23,585
24,427
41,467
41,467
35,500
35,100
18,840
14,000
10,200
9,700
5,494
4,625
3,554
11,221
6,196
6,134
7,765
10,262
8,504
9,479
7,087
7,205
8,335
8,220
11,932
16,104
12,807
10,804
16,387
11,911
20,995
15,622
30,952
38,656
52,369
51,087
52,753
51,945
47,324
50,546
51,737
64,796
68,463
68,067
66,248
61,982
49,506
48,790
53,947
49,075
45,506
49,122
39,872
34,901
542
54,047
30,512
29,483
1,412
255
1,255
747
303
1,682
3,161
3,960
6,149
7,046
4,304
3,121
3,485
5,156
4,855
4,586
4,973
4,497
8,895
9,486
15,225
11,487
10,741
10,054
16,879
16,346
17,177
13,855
13,797
27,251
17,059
15,724
28,730
27,451
27,695
33,117
14,299

14,299

33,117

27,695

27,451

28,730

15,724

17,059

27,251

13,797

13,855

17,177

16,346

16,879

10,054

10,741

11,487

15,225

9,486

8,895

4,497

4,973

4,586

4,855

5,156

3,485

3,121

4,304

7,046

6,149

3,960

3,161

1,682

303

747

1,255

255

1,412

29,483

30,512

54,047

542

34,901

39,872

49,122

45,506

49,075

53,947

48,790

49,506

61,982

66,248

68,067

68,463

64,796

51,737

50,546

47,324

51,945

52,753

51,087

52,369

38,656

30,952

15,622

20,995

11,911

16,387

10,804

12,807

16,104

11,932

8,220

8,335

7,205

7,087

9,479

8,504

10,262

7,765

6,134

6,196

11,221

3,554

4,625

5,494

9,700

10,200

14,000

18,840

35,100

35,500

41,467

24,427

23,585

9,587

9,300

2,800

27,700

1,300

1,200

1,600

1,400

1,800

1,700

2,400

1,700

1,500

1,400

1,200

1,500

1,400

200

300

> Long-term Assets

2,700
3,200
3,300
4,500
4,900
5,200
8,900
9,400
9,900
10,000
10,600
11,500
11,700
12,200
11,800
12,000
12,300
29,300
37,100
16,000
19,695
1,723,932
1,649,576
0
136,891
138,770
119,973
99,593
90,015
80,731
74,435
67,818
61,605
55,673
50,508
44,980
40,592
35,690
30,843
27,334
29,493
28,364
26,688
25,149
23,847
22,753
22,181
69,994
68,753
67,113
83,731
81,971
80,491
80,169
99,076
94,033
136,676
133,801
130,179
138,006
140,084
151,340
378,677
371,835
364,499
356,890
348,991
342,288
335,508
327,234
319,536
320,659
295,691
294,808
287,518
277,354
265,144
257,413
254,908
247,834
243,705
243,322
240,262
238,826
354,250
340,159
339,364
337,234
338,348
335,256
335,905
336,284
334,388
326,680
319,225
314,133
333,106
341,218
331,319
335,965
344,650
349,644
345,379
353,488
349,042
350,119
352,691
370,559
375,045
360,033
361,188
362,326
365,710
358,836
344,674
439,353

439,353

344,674

358,836

365,710

362,326

361,188

360,033

375,045

370,559

352,691

350,119

349,042

353,488

345,379

349,644

344,650

335,965

331,319

341,218

333,106

314,133

319,225

326,680

334,388

336,284

335,905

335,256

338,348

337,234

339,364

340,159

354,250

238,826

240,262

243,322

243,705

247,834

254,908

257,413

265,144

277,354

287,518

294,808

295,691

320,659

319,536

327,234

335,508

342,288

348,991

356,890

364,499

371,835

378,677

151,340

140,084

138,006

130,179

133,801

136,676

94,033

99,076

80,169

80,491

81,971

83,731

67,113

68,753

69,994

22,181

22,753

23,847

25,149

26,688

28,364

29,493

27,334

30,843

35,690

40,592

44,980

50,508

55,673

61,605

67,818

74,435

80,731

90,015

99,593

119,973

138,770

136,891

1,649,576

1,723,932

19,695

16,000

37,100

29,300

12,300

12,000

11,800

12,200

11,700

11,500

10,600

10,000

9,900

9,400

8,900

5,200

4,900

4,500

3,300

3,200

2,700

Property Plant Equipment

2,700
3,200
3,300
4,500
4,900
5,200
7,700
8,800
9,500
9,800
10,400
10,100
10,100
10,700
10,400
10,700
11,100
12,000
13,200
14,900
18,710
35,270
37,602
47,366
47,366
59,966
46,658
45,755
42,073
38,629
35,705
32,456
29,752
27,295
25,159
23,458
22,555
21,131
19,780
19,611
19,809
19,047
18,103
17,040
16,463
15,431
14,943
14,816
14,620
14,011
14,084
14,082
14,141
14,681
14,894
15,428
19,824
19,759
19,323
25,941
28,750
42,962
38,752
39,825
39,597
39,678
39,379
40,469
40,439
39,568
39,121
38,122
37,201
37,436
35,551
34,945
34,103
32,781
30,814
27,221
27,140
27,087
26,619
27,012
36,781
36,517
35,145
32,164
31,733
31,624
30,731
29,265
27,703
25,631
24,151
22,321
42,592
49,698
46,595
22,928
63,372
66,633
66,446
70,697
68,887
74,549
73,064
73,689
72,133
68,787
65,689
65,283
63,283
60,764
58,564
57,500

57,500

58,564

60,764

63,283

65,283

65,689

68,787

72,133

73,689

73,064

74,549

68,887

70,697

66,446

66,633

63,372

22,928

46,595

49,698

42,592

22,321

24,151

25,631

27,703

29,265

30,731

31,624

31,733

32,164

35,145

36,517

36,781

27,012

26,619

27,087

27,140

27,221

30,814

32,781

34,103

34,945

35,551

37,436

37,201

38,122

39,121

39,568

40,439

40,469

39,379

39,678

39,597

39,825

38,752

42,962

28,750

25,941

19,323

19,759

19,824

15,428

14,894

14,681

14,141

14,082

14,084

14,011

14,620

14,816

14,943

15,431

16,463

17,040

18,103

19,047

19,809

19,611

19,780

21,131

22,555

23,458

25,159

27,295

29,752

32,456

35,705

38,629

42,073

45,755

46,658

59,966

47,366

37,602

35,270

18,710

14,900

13,200

12,000

11,100

10,700

10,400

10,700

10,100

10,400

9,800

9,500

8,800

7,700

5,200

4,900

4,500

3,300

3,200

2,700

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
1,780
1,780
1,780
1,780
1,780
1,780
1,780
1,780
1,780
5,525
5,525
5,273
4,896
4,399
4,514
4,600
37,141
37,148
37,204
46,222
45,793
45,811
42,806
42,613
41,674
62,730
63,662
64,147
63,953
64,637
64,603
212,475
211,878
212,214
212,210
212,443
212,417
212,485
212,440
212,523
282,537
258,490
257,372
251,967
242,409
231,041
224,632
224,094
220,613
216,565
216,235
213,643
197,781
237,899
235,369
239,880
237,279
237,911
240,570
241,932
242,827
243,805
241,176
241,512
240,618
239,848
240,335
238,734
239,780
238,614
239,816
241,425
243,674
241,847
242,248
241,302
240,213
239,631
236,931
233,874
237,739
238,433
238,709
237,161
239,150

239,150

237,161

238,709

238,433

237,739

233,874

236,931

239,631

240,213

241,302

242,248

241,847

243,674

241,425

239,816

238,614

239,780

238,734

240,335

239,848

240,618

241,512

241,176

243,805

242,827

241,932

240,570

237,911

237,279

239,880

235,369

237,899

197,781

213,643

216,235

216,565

220,613

224,094

224,632

231,041

242,409

251,967

257,372

258,490

282,537

212,523

212,440

212,485

212,417

212,443

212,210

212,214

211,878

212,475

64,603

64,637

63,953

64,147

63,662

62,730

41,674

42,613

42,806

45,811

45,793

46,222

37,204

37,148

37,141

4,600

4,514

4,399

4,896

5,273

5,525

1,780

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,100
0
0
0
9,000
0
0
0
4,400
0
0
0
3,593
3,593
3,771
3,593
3,593
3,593
3,593
3,593
3,593
3,593
3,593
3,593
0
0
0
0
0
0
0
0
0
0
0
0
0

3,593

3,771

3,593

4,400

9,000

12,100

Intangible Assets

0
0
0
0
0
0
0
0
500
0
100
0
1,600
1,500
1,400
1,200
1,200
1,200
1,100
1,100
985
1,688,662
1,611,974
89,525
89,525
78,804
73,315
53,838
47,942
42,102
38,730
35,362
31,853
28,378
24,881
21,522
18,037
14,559
11,063
7,723
9,684
9,317
8,585
8,109
7,384
7,322
7,238
16,634
15,559
14,483
19,522
17,844
16,219
14,640
13,598
12,069
35,283
31,524
27,947
25,265
22,649
20,033
125,461
118,070
110,700
102,979
95,303
87,651
80,111
72,874
65,647
58,447
51,414
44,642
37,878
31,119
24,453
18,252
12,740
10,599
8,692
7,160
5,628
4,097
46,042
39,638
33,121
29,231
27,208
25,317
23,316
21,279
19,233
17,010
14,938
12,817
10,704
8,640
6,518
4,461
2,789
1,993
1,256
508
508
0
0
0
0
0
0
0
0
0
0
0

508

1,256

1,993

2,789

4,461

6,518

8,640

10,704

12,817

14,938

17,010

19,233

21,279

23,316

25,317

27,208

29,231

33,121

39,638

46,042

4,097

5,628

7,160

8,692

10,599

12,740

18,252

24,453

31,119

37,878

44,642

51,414

58,447

65,647

72,874

80,111

87,651

95,303

102,979

110,700

118,070

125,461

20,033

22,649

25,265

27,947

31,524

35,283

12,069

13,598

14,640

16,219

17,844

19,522

14,483

15,559

16,634

7,238

7,322

7,384

8,109

8,585

9,317

9,684

7,723

11,063

14,559

18,037

21,522

24,881

28,378

31,853

35,362

38,730

42,102

47,942

53,838

73,315

78,804

89,525

1,611,974

1,688,662

985

1,100

1,200

1,400

1,500

1,600

100

500

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
985
1,688,662
1,611,974
89,525
84,353
78,804
73,315
53,838
47,942
42,102
38,730
35,362
31,853
28,378
25,349
21,522
18,037
14,559
11,063
7,723
9,684
9,317
8,585
8,109
7,384
7,322
7,238
55,178
54,133
53,102
69,647
67,889
66,350
65,488
84,182
78,605
116,852
114,042
110,856
112,065
111,334
108,378
339,925
332,010
324,902
317,212
309,612
301,819
295,069
287,666
280,415
282,537
258,490
257,372
251,967
242,409
231,041
224,632
224,094
220,613
216,565
216,235
213,643
211,814
317,469
303,642
304,219
305,070
306,615
303,632
305,174
307,019
40,054
39,092
35,031
34,784
36,369
38,952
35,879
37,712
36,282
37,609
32,659
66,165
38,308
33,322
38,325
56,657
0
54,315
61,625
61,697
63,994
0
48,949
0

48,949

63,994

61,697

61,625

54,315

56,657

38,325

33,322

38,308

66,165

32,659

37,609

36,282

37,712

35,879

38,952

36,369

34,784

35,031

39,092

40,054

307,019

305,174

303,632

306,615

305,070

304,219

303,642

317,469

211,814

213,643

216,235

216,565

220,613

224,094

224,632

231,041

242,409

251,967

257,372

258,490

282,537

280,415

287,666

295,069

301,819

309,612

317,212

324,902

332,010

339,925

108,378

111,334

112,065

110,856

114,042

116,852

78,605

84,182

65,488

66,350

67,889

69,647

53,102

54,133

55,178

7,238

7,322

7,384

8,109

8,585

9,317

9,684

7,723

11,063

14,559

18,037

21,522

25,349

28,378

31,853

35,362

38,730

42,102

47,942

53,838

73,315

78,804

84,353

89,525

1,611,974

1,688,662

985

> Total Liabilities

6,900
7,700
5,700
4,800
5,100
6,800
9,700
11,000
11,000
9,800
10,000
9,000
11,300
15,800
16,900
18,900
19,900
25,100
33,800
40,800
38,079
509,693
176,705
130,242
130,242
134,408
135,825
103,002
104,241
101,314
117,988
111,571
110,447
112,093
109,241
118,565
110,355
100,596
111,342
131,799
124,264
106,626
115,280
113,315
103,512
104,231
119,391
136,828
117,595
112,284
119,344
141,366
112,852
107,205
138,569
150,046
138,556
138,285
131,487
148,831
150,629
168,481
174,604
200,183
183,846
189,931
179,386
169,850
165,933
168,696
170,192
164,118
159,085
157,474
111,646
112,628
112,268
127,634
109,575
108,705
115,323
118,002
107,040
196,789
299,420
295,967
284,008
283,428
279,582
280,435
291,364
289,716
290,261
285,049
283,395
282,585
293,616
314,655
327,156
332,471
338,176
327,239
324,884
333,221
348,375
383,916
369,070
396,890
415,792
401,623
397,250
385,512
368,029
347,551
333,011
331,332

331,332

333,011

347,551

368,029

385,512

397,250

401,623

415,792

396,890

369,070

383,916

348,375

333,221

324,884

327,239

338,176

332,471

327,156

314,655

293,616

282,585

283,395

285,049

290,261

289,716

291,364

280,435

279,582

283,428

284,008

295,967

299,420

196,789

107,040

118,002

115,323

108,705

109,575

127,634

112,268

112,628

111,646

157,474

159,085

164,118

170,192

168,696

165,933

169,850

179,386

189,931

183,846

200,183

174,604

168,481

150,629

148,831

131,487

138,285

138,556

150,046

138,569

107,205

112,852

141,366

119,344

112,284

117,595

136,828

119,391

104,231

103,512

113,315

115,280

106,626

124,264

131,799

111,342

100,596

110,355

118,565

109,241

112,093

110,447

111,571

117,988

101,314

104,241

103,002

135,825

134,408

130,242

176,705

509,693

38,079

40,800

33,800

25,100

19,900

18,900

16,900

15,800

11,300

9,000

10,000

9,800

11,000

9,700

6,800

5,100

4,800

5,700

7,700

6,900

> Total Current Liabilities

6,000
6,800
5,600
4,800
5,000
6,800
9,800
11,000
11,000
9,800
10,000
8,600
10,800
15,400
16,400
18,100
19,000
24,600
33,200
40,300
37,495
432,485
102,206
94,435
94,435
100,702
84,525
71,855
76,022
76,772
78,404
74,690
74,607
77,674
74,069
84,357
76,940
68,021
79,317
97,910
89,223
72,512
82,936
83,795
75,430
77,597
94,421
114,570
87,003
83,796
91,007
110,532
84,927
80,969
82,701
95,199
88,676
88,414
83,429
93,113
95,375
102,046
112,730
130,653
112,172
117,823
108,459
112,818
107,205
107,778
106,619
102,894
96,684
95,253
87,797
85,790
85,321
96,987
87,822
89,930
96,189
98,305
89,291
84,881
161,870
158,787
143,465
144,897
141,720
145,238
146,323
142,089
142,436
138,774
137,274
136,405
134,104
138,311
146,450
148,524
196,728
145,401
145,770
147,295
192,565
186,371
203,739
224,461
230,856
221,984
221,942
322,072
305,898
287,689
275,219
272,394

272,394

275,219

287,689

305,898

322,072

221,942

221,984

230,856

224,461

203,739

186,371

192,565

147,295

145,770

145,401

196,728

148,524

146,450

138,311

134,104

136,405

137,274

138,774

142,436

142,089

146,323

145,238

141,720

144,897

143,465

158,787

161,870

84,881

89,291

98,305

96,189

89,930

87,822

96,987

85,321

85,790

87,797

95,253

96,684

102,894

106,619

107,778

107,205

112,818

108,459

117,823

112,172

130,653

112,730

102,046

95,375

93,113

83,429

88,414

88,676

95,199

82,701

80,969

84,927

110,532

91,007

83,796

87,003

114,570

94,421

77,597

75,430

83,795

82,936

72,512

89,223

97,910

79,317

68,021

76,940

84,357

74,069

77,674

74,607

74,690

78,404

76,772

76,022

71,855

84,525

100,702

94,435

102,206

432,485

37,495

40,300

33,200

24,600

19,000

18,100

16,400

15,400

10,800

8,600

10,000

9,800

11,000

9,800

6,800

5,000

4,800

5,600

6,800

6,000

Short-term Debt

700
700
200
0
0
0
0
0
0
0
0
0
600
200
400
200
1,000
0
0
200
200
0
0
0
0
949
1,075
1,281
1,424
1,664
2,863
1,862
1,671
1,581
1,342
1,027
882
957
915
1,067
967
888
853
812
751
693
596
532
38,974
37,756
43,904
51,686
43,106
45,934
40,589
1,434
2,365
4,926
2,357
609
1,675
2,583
2,808
6,791
781
126
655
2,290
871
527
1,122
1,797
0
496
577
1,041
98
664
307
893
320
112
176
307
8,843
7,829
6,825
7,275
6,802
7,130
7,434
7,610
7,551
1,723
7,677
7,175
7,124
1,379
6,962
6,713
50,351
22,173
19,374
11,771
48,580
12,525
48,318
49,162
49,786
49,255
48,649
125,510
125,619
125,903
125,985
126,591

126,591

125,985

125,903

125,619

125,510

48,649

49,255

49,786

49,162

48,318

12,525

48,580

11,771

19,374

22,173

50,351

6,713

6,962

1,379

7,124

7,175

7,677

1,723

7,551

7,610

7,434

7,130

6,802

7,275

6,825

7,829

8,843

307

176

112

320

893

307

664

1,041

577

496

1,797

1,122

527

871

2,290

655

126

781

6,791

2,808

2,583

1,675

609

2,357

4,926

2,365

1,434

40,589

45,934

43,106

51,686

43,904

37,756

38,974

532

596

693

751

812

853

888

967

1,067

915

957

882

1,027

1,342

1,581

1,671

1,862

2,863

1,664

1,424

1,281

1,075

949

200

1,000

200

400

200

600

200

700

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,275
0
0
0
98,295
8,843
7,829
6,825
7,275
125,144
122,357
7,129
7,610
6,864
1,328
7,472
7,084
7,124
1,379
6,962
50,039
50,351
14,178
19,374
11,771
41,548
5,678
41,620
41,816
42,424
42,305
42,058
118,737
118,888
119,279
119,474
119,798

119,798

119,474

119,279

118,888

118,737

42,058

42,305

42,424

41,816

41,620

5,678

41,548

11,771

19,374

14,178

50,351

50,039

6,962

1,379

7,124

7,084

7,472

1,328

6,864

7,610

7,129

122,357

125,144

7,275

6,825

7,829

8,843

98,295

7,275

Accounts payable

3,300
3,600
2,600
2,200
2,700
3,600
5,600
5,600
5,900
4,200
4,700
3,700
5,000
6,900
6,400
7,500
8,300
12,300
15,100
18,900
18,619
32,676
32,078
32,783
32,783
20,649
14,345
10,296
10,629
10,992
11,246
7,258
11,390
9,578
12,511
14,863
15,180
13,037
15,981
22,381
23,834
13,586
19,998
19,378
16,445
16,249
22,864
33,863
25,228
16,716
15,583
20,500
11,603
11,142
12,688
13,366
13,126
13,910
15,051
22,065
21,217
28,694
28,465
26,300
22,197
30,594
30,918
30,537
31,481
29,857
30,915
25,447
22,815
22,850
19,987
22,380
19,847
24,630
21,377
15,318
18,497
21,286
16,626
19,364
31,774
35,794
31,407
28,892
22,340
31,322
31,839
33,112
27,573
28,992
29,354
33,778
25,436
31,849
31,227
40,933
45,159
27,235
31,555
23,543
36,148
37,625
32,352
64,429
52,524
38,515
60,892
67,455
55,404
37,108
47,123
38,562

38,562

47,123

37,108

55,404

67,455

60,892

38,515

52,524

64,429

32,352

37,625

36,148

23,543

31,555

27,235

45,159

40,933

31,227

31,849

25,436

33,778

29,354

28,992

27,573

33,112

31,839

31,322

22,340

28,892

31,407

35,794

31,774

19,364

16,626

21,286

18,497

15,318

21,377

24,630

19,847

22,380

19,987

22,850

22,815

25,447

30,915

29,857

31,481

30,537

30,918

30,594

22,197

26,300

28,465

28,694

21,217

22,065

15,051

13,910

13,126

13,366

12,688

11,142

11,603

20,500

15,583

16,716

25,228

33,863

22,864

16,249

16,445

19,378

19,998

13,586

23,834

22,381

15,981

13,037

15,180

14,863

12,511

9,578

11,390

7,258

11,246

10,992

10,629

10,296

14,345

20,649

32,783

32,078

32,676

18,619

18,900

15,100

12,300

8,300

7,500

6,400

6,900

5,000

3,700

4,700

4,200

5,900

5,600

3,600

2,700

2,200

2,600

3,600

3,300

Other Current Liabilities

2,000
2,500
2,800
2,600
2,300
3,200
4,200
5,400
5,100
5,600
5,300
4,900
5,200
8,300
9,600
10,400
9,700
12,300
18,100
21,400
18,876
399,809
70,128
60,543
61,652
21,973
41,121
51,213
56,950
59,897
61,510
6,900
6,893
7,179
7,120
56,755
53,892
49,036
50,750
58,993
42,729
40,647
43,533
43,918
40,993
44,137
47,942
51,123
274
480
726
481
508
467
46
50,490
45,539
38,744
36,116
37,584
31,092
30,720
40,045
51,283
39,379
39,486
39,761
46,896
39,050
40,254
39,922
42,415
42,294
38,931
33,118
35,349
31,848
33,676
31,043
35,118
29,248
29,985
29,139
31,354
61,506
48,166
50,914
56,316
53,215
51,621
54,239
48,938
49,683
51,781
51,564
53,860
54,122
57,753
60,388
63,761
52,499
43,621
52,112
57,687
43,986
67,829
64,963
53,644
53,072
59,615
54,378
66,724
59,269
58,460
45,786
61,024

61,024

45,786

58,460

59,269

66,724

54,378

59,615

53,072

53,644

64,963

67,829

43,986

57,687

52,112

43,621

52,499

63,761

60,388

57,753

54,122

53,860

51,564

51,781

49,683

48,938

54,239

51,621

53,215

56,316

50,914

48,166

61,506

31,354

29,139

29,985

29,248

35,118

31,043

33,676

31,848

35,349

33,118

38,931

42,294

42,415

39,922

40,254

39,050

46,896

39,761

39,486

39,379

51,283

40,045

30,720

31,092

37,584

36,116

38,744

45,539

50,490

467

508

481

726

480

274

51,123

47,942

44,137

40,993

43,918

43,533

40,647

42,729

58,993

50,750

49,036

53,892

56,755

7,120

7,179

6,893

6,900

61,510

59,897

56,950

51,213

41,121

21,973

61,652

60,543

70,128

399,809

18,876

21,400

18,100

12,300

9,700

10,400

9,600

8,300

5,200

4,900

5,300

5,600

5,100

5,400

4,200

3,200

2,300

2,600

2,800

2,500

2,000

> Long-term Liabilities

900
900
100
0
100
0
-100
200
0
0
0
400
500
400
500
800
900
500
600
500
584
77,208
74,499
0
35,807
33,706
51,300
31,147
28,219
24,542
39,584
36,881
35,840
34,419
35,172
34,208
33,415
32,575
32,025
33,889
35,041
34,114
32,344
29,520
28,082
26,634
24,970
22,258
30,592
28,488
28,337
30,834
27,925
26,236
55,868
54,847
49,880
49,871
48,058
55,718
55,254
66,435
61,874
69,530
71,674
72,108
70,927
57,032
58,728
60,918
63,573
61,224
62,401
62,221
23,849
26,838
26,947
30,647
21,753
18,775
19,134
19,697
17,749
111,908
137,550
137,180
140,543
138,531
137,862
135,197
145,041
147,627
147,825
146,275
146,121
146,180
159,512
176,344
180,706
183,947
141,448
181,838
179,114
185,926
155,810
197,545
165,331
172,429
184,936
179,639
175,308
63,440
62,131
59,862
57,792
58,938

58,938

57,792

59,862

62,131

63,440

175,308

179,639

184,936

172,429

165,331

197,545

155,810

185,926

179,114

181,838

141,448

183,947

180,706

176,344

159,512

146,180

146,121

146,275

147,825

147,627

145,041

135,197

137,862

138,531

140,543

137,180

137,550

111,908

17,749

19,697

19,134

18,775

21,753

30,647

26,947

26,838

23,849

62,221

62,401

61,224

63,573

60,918

58,728

57,032

70,927

72,108

71,674

69,530

61,874

66,435

55,254

55,718

48,058

49,871

49,880

54,847

55,868

26,236

27,925

30,834

28,337

28,488

30,592

22,258

24,970

26,634

28,082

29,520

32,344

34,114

35,041

33,889

32,025

32,575

33,415

34,208

35,172

34,419

35,840

36,881

39,584

24,542

28,219

31,147

51,300

33,706

35,807

74,499

77,208

584

500

600

500

900

800

500

400

500

400

200

-100

100

900

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
0
0
0
0
0
0
0
0
0
0
0
0
0
98,295
16,464
16,190
15,949
13,915
13,767
9,292
15,439
15,336
15,424
14,318
13,155
12,684
12,402
16,697
10,384
10,511
99,880
140,548
137,725
139,593
110,299
146,529
111,101
111,930
126,064
124,601
123,856
0
11,350
10,539
0
0

10,539

11,350

123,856

124,601

126,064

111,930

111,101

146,529

110,299

139,593

137,725

140,548

99,880

10,511

10,384

16,697

12,402

12,684

13,155

14,318

15,424

15,336

15,439

9,292

13,767

13,915

15,949

16,190

16,464

98,295

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,410
1,777
0
81
0
1,564
0
1,115
883
0
0
0
0
0
0
0
0

883

1,115

1,564

1,777

2,410

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
584
3,120
610
592
1,026
1,244
14,232
20,617
19,815
18,973
36,799
36,171
35,242
33,908
34,704
33,579
32,834
31,660
31,121
32,455
34,055
33,325
31,687
28,713
27,781
26,473
24,909
22,258
30,592
28,488
28,337
27,380
24,471
26,236
55,868
54,847
49,880
49,871
48,058
48,810
44,127
42,112
46,241
54,681
56,039
56,473
58,357
56,377
57,469
57,068
59,425
61,224
62,401
62,221
23,849
26,838
26,947
30,647
21,753
15,680
16,039
16,602
14,654
13,613
20,357
19,321
20,467
21,357
19,520
19,712
21,957
23,543
22,200
20,255
19,736
18,688
14,374
14,568
14,710
15,666
16,242
16,686
17,556
46,333
20,963
22,001
26,181
31,379
0
29,153
27,320
28,169
27,909
0
27,781
0

27,781

27,909

28,169

27,320

29,153

31,379

26,181

22,001

20,963

46,333

17,556

16,686

16,242

15,666

14,710

14,568

14,374

18,688

19,736

20,255

22,200

23,543

21,957

19,712

19,520

21,357

20,467

19,321

20,357

13,613

14,654

16,602

16,039

15,680

21,753

30,647

26,947

26,838

23,849

62,221

62,401

61,224

59,425

57,068

57,469

56,377

58,357

56,473

56,039

54,681

46,241

42,112

44,127

48,810

48,058

49,871

49,880

54,847

55,868

26,236

24,471

27,380

28,337

28,488

30,592

22,258

24,909

26,473

27,781

28,713

31,687

33,325

34,055

32,455

31,121

31,660

32,834

33,579

34,704

33,908

35,242

36,171

36,799

18,973

19,815

20,617

14,232

1,244

1,026

592

610

3,120

584

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,148
0
0
0
0
0
0
0
0
3,095
3,095
3,095
3,095
0
1,247
957
2,163
4,652
0
258
327
0
0
0
0
0
0
0
0
0
0
0
0
1,287
0
0
0
1,636
0
0
0
1,337
0
0
0
0

1,337

1,636

1,287

327

258

4,652

2,163

957

1,247

3,095

4,148

> Total Stockholder Equity

9,000
34,400
35,800
37,000
37,900
39,100
41,200
43,600
46,200
48,300
49,300
49,900
45,400
43,100
42,700
43,500
47,100
115,200
124,700
144,900
156,084
1,862,298
1,781,019
295,702
295,702
214,801
149,752
135,054
123,522
112,712
75,998
62,183
51,502
39,863
33,161
106,161
105,420
104,521
100,418
110,557
118,276
117,799
114,764
112,982
111,650
110,442
117,676
145,134
149,924
158,419
181,009
334,413
352,049
383,454
401,051
414,317
401,952
399,752
404,668
407,473
417,449
426,696
528,601
520,203
536,752
546,430
554,054
564,316
564,122
561,041
553,308
553,413
556,059
469,516
505,507
493,456
462,481
404,809
380,147
371,813
371,524
371,216
359,868
328,168
311,273
292,077
281,453
270,641
251,408
227,581
220,598
218,343
225,973
220,735
223,029
228,250
220,561
212,066
241,050
254,856
238,099
230,282
234,538
258,302
261,334
267,324
274,796
296,796
284,653
296,836
300,621
324,506
335,786
342,801
340,800
436,874

436,874

340,800

342,801

335,786

324,506

300,621

296,836

284,653

296,796

274,796

267,324

261,334

258,302

234,538

230,282

238,099

254,856

241,050

212,066

220,561

228,250

223,029

220,735

225,973

218,343

220,598

227,581

251,408

270,641

281,453

292,077

311,273

328,168

359,868

371,216

371,524

371,813

380,147

404,809

462,481

493,456

505,507

469,516

556,059

553,413

553,308

561,041

564,122

564,316

554,054

546,430

536,752

520,203

528,601

426,696

417,449

407,473

404,668

399,752

401,952

414,317

401,051

383,454

352,049

334,413

181,009

158,419

149,924

145,134

117,676

110,442

111,650

112,982

114,764

117,799

118,276

110,557

100,418

104,521

105,420

106,161

33,161

39,863

51,502

62,183

75,998

112,712

123,522

135,054

149,752

214,801

295,702

1,781,019

1,862,298

156,084

144,900

124,700

115,200

47,100

43,500

42,700

43,100

45,400

49,900

49,300

48,300

46,200

43,600

41,200

39,100

37,900

37,000

35,800

34,400

9,000

Common Stock

-29,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31
57
58
58
58
58
59
59
59
59
60
60
60
60
61
71
72
72
72
72
73
74
74
74
74
74
75
78
79
79
81
94
94
94
95
95
96
2,274,333
2,277,088
96
2,285,051
2,290,561
2,392,213
112
2,413,373
2,422,584
2,427,116
116
2,440,276
2,437,563
2,437,655
2,432,904
2,429,745
2,346,885
101
99
96
92
88
88
89
88
87
76
77
78
78
78
81
81
82
83
85
85
87
87
89
89
90
92
97
97
98
98
101
102
103
103
105
105
105
110
111
112
112
112

112

111

110

105

103

102

101

2,346,885

2,429,745

2,432,904

2,437,655

2,437,563

2,440,276

116

2,427,116

2,422,584

2,413,373

112

2,392,213

2,290,561

2,285,051

2,277,088

2,274,333

-29,200

Retained Earnings Total Equity

-2,039,921

-2,041,476

-2,052,700

-2,061,320

-2,073,288

-2,087,957

-2,107,814

-2,109,344

-2,107,335

-2,101,211

-2,114,676

-2,109,295

-2,093,894

-2,071,940

-2,077,510

-2,089,167

-2,077,322

-2,067,416

-2,070,746

-2,062,988

-2,060,075

-2,057,812

-2,045,967

-2,030,384

-1,998,884

-1,976,222

-1,965,779

-1,949,767

-1,929,088

-1,903,908

-1,896,709

-1,891,898

-1,890,904

-1,888,247

-1,883,393

-1,884,471

-1,847,409

-1,841,999

-1,839,639

-1,876,405

-1,872,605

-1,879,026

-1,883,830

-1,875,600

-1,875,617

-1,868,089

-1,872,416

-1,875,962

-1,876,352

-1,876,868

-1,863,130

-1,862,769

Accumulated Other Comprehensive Income

-3,300
-3,300
-3,300
-4,800
-4,800
-4,800
0
-6,500
0
-6,500
0
-10,000
0
0
0
-14,000
200
200
100
100
137
644
-296
-48,233
660
451
291
159
143
133
81
14
120
157
72
126
-4
-172
-111
-269
-344
-158
-478
-467
-395
-270
-168
-99
-88
-210
-106
-170
107
-180
-1,120
-620
-431
576
160
-35
-388
-1,096
-482
-712
-269
-192
-646
-875
-537
-922
-517
-465
-1,081
-964
-467
-209
-161
1
-970
-1,980
-2,716
-1,286
-3,267
-4,418
-546
-3,354
-2,703
-7,270
-6,882
-3,002
-730
3,382
5,116
-11
514
-1,216
-2,465
-1,654
-5,369
-3,065
-6,340
-3,376
397
5,856
1,875
2,715
215
-3,272
-5,037
-12,950
-22,313
-9,686
-7,655
-6,963
-12,178
-5,706

-5,706

-12,178

-6,963

-7,655

-9,686

-22,313

-12,950

-5,037

-3,272

215

2,715

1,875

5,856

397

-3,376

-6,340

-3,065

-5,369

-1,654

-2,465

-1,216

514

-11

5,116

3,382

-730

-3,002

-6,882

-7,270

-2,703

-3,354

-546

-4,418

-3,267

-1,286

-2,716

-1,980

-970

-161

-209

-467

-964

-1,081

-465

-517

-922

-537

-875

-646

-192

-269

-712

-482

-1,096

-388

-35

160

576

-431

-620

-1,120

-180

107

-170

-106

-210

-88

-99

-168

-270

-395

-467

-478

-158

-344

-269

-111

-172

-4

126

157

120

133

143

159

291

451

660

-48,233

-296

644

137

100

200

-14,000

-10,000

-6,500

-4,800

-3,300

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
2,290,463
2,392,101
2,397,671
2,413,258
2,422,468
2,427,000
2,433,164
2,440,158
2,437,447
2,437,539
2,432,790
2,429,631
2,346,784
2,345,512
2,336,275
2,309,955
2,289,187
2,264,422
2,261,952
2,265,055
2,264,312
2,259,757
2,236,418
2,240,830
2,245,120
2,249,857
2,254,055
2,257,093
2,260,886
2,267,213
2,272,690
2,280,847
2,283,649
2,293,174
2,296,795
2,300,259
2,302,798
2,323,839
2,327,359
2,336,459
2,342,856
2,348,638
2,353,559
2,365,129
2,373,851
2,381,177
2,387,039
2,362,873
2,371,001
2,375,529
0
2,384,806
2,389,573
0
0

2,389,573

2,384,806

2,375,529

2,371,001

2,362,873

2,387,039

2,381,177

2,373,851

2,365,129

2,353,559

2,348,638

2,342,856

2,336,459

2,327,359

2,323,839

2,302,798

2,300,259

2,296,795

2,293,174

2,283,649

2,280,847

2,272,690

2,267,213

2,260,886

2,257,093

2,254,055

2,249,857

2,245,120

2,240,830

2,236,418

2,259,757

2,264,312

2,265,055

2,261,952

2,264,422

2,289,187

2,309,955

2,336,275

2,345,512

2,346,784

2,429,631

2,432,790

2,437,539

2,437,447

2,440,158

2,433,164

2,427,000

2,422,468

2,413,258

2,397,671

2,392,101

2,290,463

Treasury Stock

Other Stockholders Equity

32,800
57,100
57,200
58,700
58,900
59,000
54,600
61,000
55,100
61,800
55,900
65,900
-11,300
70,400
70,800
85,000
73,000
137,300
139,200
148,600
171,061
1,983,720
1,952,700
0
2,001,677
1,954,300
1,958,500
2,027,349
1,961,400
1,961,700
1,963,100
1,963,234
1,964,114
1,964,120
1,964,956
2,036,522
2,038,487
2,039,524
2,039,599
2,039,738
2,045,826
2,047,691
2,047,867
2,048,090
2,051,834
2,053,404
2,056,519
2,078,864
2,084,624
2,086,992
2,100,059
2,246,875
2,250,880
2,257,108
2,263,679
2,263,236
2,269,525
2,274,237
2,276,992
2,279,945
2,284,954
2,290,463
2,392,101
2,397,671
2,413,258
2,422,468
2,427,000
2,433,164
2,440,158
2,437,447
2,437,539
2,432,790
2,429,631
2,346,784
2,345,512
2,336,275
2,309,955
2,289,187
2,264,422
2,261,952
2,265,055
2,264,312
2,259,757
2,236,418
2,240,830
2,245,120
2,249,857
2,254,055
2,257,093
2,260,886
2,267,213
2,272,690
2,280,847
2,283,649
2,293,174
2,296,795
2,300,259
2,302,798
2,323,839
2,329,769
2,338,236
2,342,856
2,348,719
2,353,559
2,366,693
2,373,851
2,382,292
2,387,922
2,362,873
2,371,001
2,375,529
2,380,651
2,384,806
2,389,573
2,399,282
2,405,043

2,405,043

2,399,282

2,389,573

2,384,806

2,380,651

2,375,529

2,371,001

2,362,873

2,387,922

2,382,292

2,373,851

2,366,693

2,353,559

2,348,719

2,342,856

2,338,236

2,329,769

2,323,839

2,302,798

2,300,259

2,296,795

2,293,174

2,283,649

2,280,847

2,272,690

2,267,213

2,260,886

2,257,093

2,254,055

2,249,857

2,245,120

2,240,830

2,236,418

2,259,757

2,264,312

2,265,055

2,261,952

2,264,422

2,289,187

2,309,955

2,336,275

2,345,512

2,346,784

2,429,631

2,432,790

2,437,539

2,437,447

2,440,158

2,433,164

2,427,000

2,422,468

2,413,258

2,397,671

2,392,101

2,290,463

2,284,954

2,279,945

2,276,992

2,274,237

2,269,525

2,263,236

2,263,679

2,257,108

2,250,880

2,246,875

2,100,059

2,086,992

2,084,624

2,078,864

2,056,519

2,053,404

2,051,834

2,048,090

2,047,867

2,047,691

2,045,826

2,039,738

2,039,599

2,039,524

2,038,487

2,036,522

1,964,956

1,964,120

1,964,114

1,963,234

1,963,100

1,961,700

1,961,400

2,027,349

1,958,500

1,954,300

2,001,677

1,952,700

1,983,720

171,061

148,600

139,200

137,300

73,000

85,000

70,800

70,400

-11,300

65,900

55,900

61,800

55,100

61,000

54,600

59,000

58,900

58,700

57,200

57,100

32,800

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	38,562	67,455	64,429	23,543	40,933	33,778	33,112	28,892	19,364	15,318	22,380	25,447	30,537	26,300	22,065	13,366	20,500	33,863	19,378	22,381	14,863	7,258	10,296	32,783	18,900	7,500	3,700	5,600	2,200
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
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
Accumulated Other Comprehensive Income	-5,706	-9,686	-3,272	5,856	-3,065	-1,216	3,382	-7,270	-4,418	-1,980	-209	-465	-875	-712	-35	-620	-170	-99	-467	-269	126	14	159	660	100	-14,000	-10,000	-6,500	-4,800
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
Capital Lease Obligations	25,758	30,883	36,466	33,425	34,718	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	112	110	103	98	92	87	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	2,387,039	2,353,559	2,327,359	2,296,795	2,272,690	2,254,055	2,236,418	2,261,952	2,336,275	2,432,790	2,433,164	2,397,671	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	84,269	89,586	133,431	98,645	93,058	65,989	57,024	55,635	126,190	73,032	90,329	96,670	90,983	96,533	152,477	179,891	129,005	33,454	37,818	26,603	41,877	21,542	36,005	13,505	24,800	9,200	13,700	16,400	22,100
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
Cash And Short Term Investments	84,269	89,586	133,431	98,645	93,058	65,989	57,024	62,558	152,794	104,879	170,581	201,176	161,837	120,371	271,070	327,163	269,260	92,371	110,828	100,607	112,597	49,158	54,277	99,669	89,700	9,200	13,700	16,400	22,100
Common Stock	112	110	103	98	92	87	83	78	76	88	99	2,432,904	2,433,280	2,397,783	2,280,041	2,263,331	94	78	74	72	71	60	59	58	0	0	0	0	0
Common Stock Shares Outstanding	117,359	112,378	106,171	96,971	89,575	85,615	80,974	77,705	87,514	92,508	107,808	116,457	116,427	101,487	95,833	95,434	83,249	75,183	73,279	73,043	62,288	59,779	58,540	48,564	30,967	46,488	20,828	22,948	22,778
Common Stock Total Equity	0	0	103	98	92	87	83	78	76	88	99	114	116	112	96	95	94	78	74	72	71	60	59	58	0	0	0	0	0
Current Deferred Revenue	46,217	62,383	57,226	54,294	37,117	41,592	52,429	52,414	33,856	38,601	27,020	33,235	33,095	46,279	32,855	29,909	37,865	29,052	19,687	15,469	61,532	58,670	57,474	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
Deferred Long Term Liab	0	1,337	1,636	1,287	722	0	0	4,652	0	3,095	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
Good Will	239,150	237,739	240,213	243,674	239,780	240,618	242,827	237,279	197,781	220,613	242,409	282,537	212,417	211,878	63,953	41,674	45,793	37,141	4,896	1,780	1,780	1,780	0	0	0	0	0	0	0
Intangible Assets	0	0	0	508	4,461	12,817	21,279	29,231	4,097	10,599	31,119	58,447	87,651	118,070	25,265	12,069	17,844	16,634	8,109	7,723	21,522	35,362	53,838	89,525	1,100	1,200	0	0	0
Inventory	83,982	120,949	71,195	35,031	29,042	25,638	25,976	41,193	38,819	32,747	36,926	64,270	70,649	58,065	35,066	26,875	34,251	42,116	38,552	41,763	22,425	25,904	30,944	80,191	35,300	22,400	15,500	14,800	9,200
Liabilities And Stockholders Equity	768,206	710,018	693,686	591,523	587,327	510,835	508,059	554,069	524,957	480,518	606,084	717,531	734,166	720,386	572,034	564,363	475,779	281,962	226,297	242,356	224,726	173,754	238,056	425,944	185,700	62,400	58,900	54,600	41,800
Long Term Debt	10,495	11,161	111,930	139,593	88,629	114,808	108,748	103,259	98,295	0	0	0	0	0	6,908	0	0	0	532	1,434	629	710	1,465	0	0	0	0	0	0
Long Term Debt Total	0	0	111,930	139,593	10,511	12,684	15,336	13,915	98,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	3,593	3,593	3,593	4,400	9,000	12,100	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
Net Debt	71,782	71,195	56,781	52,719	56,170	68,678	74,670	68,814	-27,895	-73,032	-90,329	-96,670	-90,983	-96,533	-145,569	-179,891	-129,005	-32,922	-36,546	-24,264	-40,221	-18,970	-33,259	-13,505	-24,800	-8,600	-13,700	-16,400	-22,100
Net Invested Capital	567,167	454,404	450,542	409,666	404,013	362,917	350,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	146,303	108,427	88,529	66,227	88,500	81,795	69,844	86,765	69,515	74,144	75,052	85,920	109,886	101,652	64,838	63,923	69,302	64,674	43,433	64,148	38,528	25,380	34,402	67,726	35,400	17,600	16,500	12,600	5,800
Net Tangible Assets	0	86,767	55,700	14,120	10,615	-25,185	-45,763	4,131	126,290	163,330	265,025	282,448	264,248	190,255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	58,338	25,620	98,666	90,740	59,463	60,297	29,686	71,938	201,250	142,754	242,940	293,978	279,060	217,898	325,185	375,131	283,276	97,398	117,353	117,112	95,389	31,246	66,608	194,618	129,400	32,300	38,800	34,200	32,500
Non Current Assets Total	439,353	362,326	370,559	353,488	335,965	314,133	336,284	337,234	238,826	247,834	277,354	320,659	342,288	371,835	153,736	94,033	81,971	69,994	25,149	27,334	44,980	67,818	99,593	136,891	16,000	12,000	11,500	9,400	4,500
Non Current Liabilities Other	29,478	28,169	31,379	46,333	41,432	18,688	23,543	21,357	13,613	15,680	26,838	61,224	56,377	54,681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	58,938	63,440	172,429	185,926	183,947	146,180	147,627	138,531	111,908	18,775	26,838	61,224	57,032	69,530	71,448	54,847	30,834	22,258	29,520	33,889	34,208	36,881	31,147	35,807	500	800	400	200	0
Non Currrent Assets Other	37,996	59,304	56,657	38,609	54,628	26,089	42,913	38,560	9,936	12,130	13,268	11,572	1,751	2,062	22,847	24,862	4,252	1,403	0	0	0	0	-9,065	0	0	100	1,400	600	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
Other Assets	0	61,697	56,657	66,165	37,712	34,784	39,320	34,160	4,536	3,518	13,268	11,572	1,751	2,062	22,847	24,862	1,752	1,403	1,462	1,312	1,217	1,163	53,838	89,525	0	0	0	0	0
Other Current Assets	14,299	28,730	13,797	16,879	15,225	4,973	18,931	26,319	25,003	17,539	21,521	23,636	49,506	68,463	47,324	52,369	20,995	12,807	8,335	8,504	6,196	5,494	18,840	41,467	9,300	1,200	1,700	1,400	200
Other Current Liab	61,024	66,724	53,644	57,687	63,761	53,860	48,938	56,316	31,661	36,011	36,390	44,212	49,186	58,074	38,193	51,924	52,167	51,123	43,918	58,993	68,467	65,570	60,278	61,652	21,400	10,400	4,900	5,400	2,600
Other Liab	0	28,169	31,379	46,333	15,666	18,688	23,543	21,357	13,613	15,680	26,838	61,224	56,377	54,681	48,810	54,847	27,380	22,258	28,713	32,455	33,579	36,171	20,617	592	0	0	0	0	0
Other Stockholder Equity	2,405,043	2,380,651	2,387,922	2,353,559	2,329,769	2,296,795	2,272,690	2,254,055	2,236,418	2,261,952	2,335,565	2,432,790	2,433,164	2,397,671	2,279,945	2,263,236	2,246,875	2,078,864	2,048,090	2,039,738	2,036,522	1,963,234	1,959,043	1,952,784	148,600	71,000	55,900	54,500	53,900
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
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
Property Plant And Equipment Gross	167,872	65,283	73,689	70,697	50,419	22,321	29,265	32,164	27,012	27,221	34,945	38,122	40,469	39,825	25,941	15,428	14,082	14,816	17,040	19,611	23,458	32,456	45,755	47,366	14,900	10,700	10,100	8,800	4,500
Property Plant And Equipment Net	57,500	65,283	73,689	70,697	22,928	22,321	29,265	32,164	27,012	27,221	34,945	38,122	40,469	39,825	41,671	15,428	14,082	14,816	17,040	19,611	23,458	32,456	45,755	47,366	14,900	10,700	10,100	8,800	4,500
Property Plant Equipment	0	65,283	73,689	43,141	22,928	22,321	29,265	32,164	27,012	27,221	34,945	38,122	40,469	39,825	25,941	15,428	14,082	14,816	17,040	19,611	23,458	32,456	45,755	47,366	0	0	0	0	0
Retained Earnings	-1,962,575	-2,046,569	-2,087,957	-2,101,211	-2,071,940	-2,067,416	-2,057,812	-1,976,222	-1,903,908	-1,888,247	-1,841,999	-1,879,026	-1,868,089	-1,876,868	-1,872,533	-1,848,394	-1,912,386	-1,933,709	-1,934,715	-1,928,984	-1,930,558	-1,901,125	-1,824,207	-1,657,800	-3,800	-27,500	-6,000	-10,900	-16,900
Retained Earnings Total Equity	0	0	-2,087,957	-2,101,211	-2,071,940	-2,067,416	-2,057,812	-1,976,222	-1,903,908	-1,888,247	-1,841,999	-1,879,026	-1,868,089	-1,876,868	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	119,798	118,737	41,816	11,771	50,039	7,175	7,610	7,275	98,295	7,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	156,051	160,781	190,212	151,364	149,228	134,667	131,694	124,449	98,295	0	0	0	0	0	6,908	0	0	532	1,272	2,339	1,656	2,572	2,746	0	0	600	0	0	0
Short Term Debt	126,591	125,510	49,162	11,771	6,713	7,175	7,610	7,275	307	893	1,041	1,797	2,290	6,791	609	1,434	51,686	532	812	1,067	1,027	1,862	1,281	0	0	200	0	0	0
Short Term Investments	0	0	0	0	0	0	530	6,923	26,604	31,847	80,252	104,506	70,854	23,838	118,593	147,272	140,255	58,917	73,010	74,004	70,720	27,616	18,272	86,164	64,900	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	768,206	710,018	693,686	591,523	587,327	510,835	508,059	554,069	524,957	480,518	606,084	717,531	734,166	720,386	572,034	564,363	475,779	281,962	226,297	242,356	224,726	173,754	238,056	425,944	185,700	62,400	58,900	54,600	41,800
Total Current Assets	328,853	347,692	323,127	238,035	251,362	196,702	171,775	216,835	286,131	232,684	328,730	396,872	391,878	348,551	418,298	470,330	393,808	211,968	201,148	215,022	179,746	105,936	138,463	289,053	169,700	50,400	47,400	45,200	37,300
Total Current Liabilities	272,394	322,072	224,461	147,295	148,524	136,405	142,089	144,897	84,881	89,930	85,790	102,894	112,818	130,653	93,113	95,199	110,532	114,570	83,795	97,910	84,357	74,690	71,855	94,435	40,300	18,100	8,600	11,000	4,800
Total Liab	331,332	385,512	396,890	333,221	332,471	282,585	289,716	283,428	196,789	108,705	112,628	164,118	169,850	200,183	164,561	150,046	141,366	136,828	113,315	131,799	118,565	111,571	103,002	130,242	40,800	18,900	9,000	11,000	4,800
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
Total Stockholder Equity	436,874	324,506	296,796	258,302	254,856	228,250	218,343	270,641	328,168	371,813	493,456	553,413	564,316	520,203	407,473	414,317	334,413	145,134	112,982	110,557	106,161	62,183	135,054	295,702	144,900	43,500	49,900	43,600	37,000
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	883	0	2,410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	38,562	47,123	37,108	55,404	67,455	60,892	38,515	52,524	64,429	32,352	37,625	36,148	23,543	31,555	27,235	45,159	40,933	31,227	31,849	25,436	33,778	29,354	28,992	27,573	33,112	31,839	31,322	22,340	28,892	31,407	35,794	31,774	19,364	16,626	21,286	18,497	15,318	21,377	24,630	19,847	22,380	19,987	22,850	22,815	25,447	30,915	29,857	31,481	30,537	30,918	30,594	22,197	26,300	28,465	28,694	21,217	22,065	15,051	13,910	13,126	13,366	12,688	11,142	11,603	20,500	15,583	16,716	25,228	33,863	22,864	16,249	16,445	19,378	19,998	13,586	23,834	22,381	15,981	13,037	15,180	14,863	12,511	9,578	11,390	7,258	11,246	10,992	10,629	10,296	14,345	20,649	32,783	32,783	32,078	32,676	18,619	18,900	15,100	12,300	8,300	7,500	6,400	6,900	5,000	3,700	4,700	4,200	5,900	5,600	5,600	3,600	2,700	2,200	2,600	3,600	3,300
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-5,706	-12,178	-6,963	-7,655	-9,686	-22,313	-12,950	-5,037	-3,272	215	2,715	1,875	5,856	397	-3,376	-6,340	-3,065	-5,369	-1,654	-2,465	-1,216	514	-11	5,116	3,382	-730	-3,002	-6,882	-7,270	-2,703	-3,354	-546	-4,418	-3,267	-1,286	-2,716	-1,980	-970	1	-161	-209	-467	-964	-1,081	-465	-517	-922	-537	-875	-646	-192	-269	-712	-482	-1,096	-388	-35	160	576	-431	-620	-1,120	-180	107	-170	-106	-210	-88	-99	-168	-270	-395	-467	-478	-158	-344	-269	-111	-172	-4	126	72	157	120	14	81	133	143	159	291	451	660	-48,233	-296	644	137	100	100	200	200	-14,000	0	0	0	-10,000	0	-6,500	0	-6,500	0	-4,800	-4,800	-4,800	-3,300	-3,300	-3,300
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	25,758	26,530	28,181	29,603	30,883	30,723	32,835	35,051	36,466	34,747	35,862	31,580	33,425	30,486	32,599	33,909	34,718	34,848	37,528	26,983	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	112	112	112	111	110	105	105	105	103	103	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	0	0	0	0	0	0	0	0	0	0	0	0	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	2,389,573	2,384,806	0	2,375,529	2,371,001	2,362,873	2,387,039	2,381,177	2,373,851	2,365,129	2,353,559	2,348,638	2,342,856	2,336,459	2,327,359	2,323,839	2,302,798	2,300,259	2,296,795	2,293,174	2,283,649	2,280,847	2,272,690	2,267,213	2,260,886	2,257,093	2,254,055	2,249,857	2,245,120	2,240,830	2,236,418	2,259,757	2,264,312	2,265,055	2,261,952	2,264,422	2,289,187	2,309,955	2,336,275	2,345,512	2,346,784	2,429,631	2,432,790	2,437,539	2,437,447	2,440,158	2,433,164	2,427,000	2,422,468	2,413,258	2,397,671	2,392,101	2,290,463	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	84,269	75,622	71,031	90,877	89,586	105,280	121,819	100,739	133,431	128,434	115,177	100,777	98,645	70,817	77,744	71,712	93,058	66,695	58,064	69,916	65,989	61,654	54,098	52,045	57,024	50,039	52,885	55,292	55,635	44,741	51,516	56,995	126,190	61,571	76,049	79,656	73,032	42,028	59,173	69,192	90,329	93,330	83,203	118,464	96,670	103,235	92,446	81,019	90,983	75,235	70,370	59,672	96,533	70,523	187,893	155,960	152,477	149,975	125,677	110,891	179,891	169,593	172,668	182,375	129,005	40,993	21,421	26,565	33,454	50,404	49,970	41,123	37,818	32,804	21,739	31,661	26,603	20,431	15,353	36,826	41,877	15,380	22,867	27,075	21,542	28,334	37,848	37,274	36,005	28,253	26,003	13,505	13,505	17,901	350,430	10,936	24,800	18,200	32,200	11,400	9,200	8,200	13,200	12,500	13,700	9,900	11,000	14,500	16,400	17,700	18,700	17,800	22,100	22,300	24,200	1,900
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	84,269	81,927	71,031	90,877	89,586	105,280	121,819	100,739	133,431	128,434	115,177	100,777	98,645	70,817	77,744	71,712	93,058	66,695	58,064	69,916	65,989	61,654	54,098	52,045	57,024	50,039	52,885	55,292	62,558	52,672	65,276	76,233	152,794	87,561	105,083	101,859	104,879	97,179	134,411	147,739	170,581	169,296	161,681	228,254	201,176	191,982	177,801	168,459	161,837	140,883	134,298	117,286	120,371	110,118	277,921	267,798	271,070	252,964	252,822	261,834	327,163	293,409	288,209	278,890	269,260	99,031	82,219	82,856	92,371	110,724	113,534	108,558	110,828	104,883	98,164	104,554	100,607	89,380	92,200	108,366	112,597	27,318	36,310	43,527	49,158	54,557	56,855	51,952	54,277	53,984	61,909	99,669	0	111,282	441,355	83,375	89,700	52,900	32,200	11,400	9,200	8,200	13,200	12,500	13,700	9,900	11,000	14,500	16,400	17,700	18,700	17,800	22,100	22,300	24,200	1,900
Common Stock	112	112	112	111	110	105	105	105	103	103	102	101	98	98	97	97	92	90	89	89	87	87	85	85	83	82	81	81	78	78	78	77	76	87	88	89	88	88	92	96	99	101	2,346,885	2,429,745	2,432,904	2,437,655	2,437,563	2,440,276	116	2,427,116	2,422,584	2,413,373	112	2,392,213	2,290,561	2,285,051	96	2,277,088	2,274,333	96	95	95	94	94	94	81	79	79	78	75	74	74	74	74	74	73	72	72	72	72	71	61	60	60	60	60	59	59	59	59	58	58	58	58	57	31	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-29,200
Common Stock Shares Outstanding	115,691	112,031	119,255	117,758	117,301	113,185	108,984	103,994	110,474	106,421	101,218	99,868	100,316	97,563	96,727	95,575	97,499	97,596	88,931	88,165	89,028	86,321	85,304	83,912	82,014	81,445	80,590	79,810	78,389	78,092	77,342	76,996	84,932	87,991	88,426	88,655	88,012	91,800	93,966	97,921	100,372	102,723	109,938	115,219	115,732	116,517	117,493	117,275	117,300	116,208	116,298	116,109	100,200	100,246	97,570	97,344	96,700	96,732	95,703	95,306	95,900	95,863	95,198	95,212	95,200	81,642	80,480	80,076	80,100	75,050	74,167	74,102	74,102	74,375	74,375	74,375	72,200	72,246	71,832	71,713	60,800	63,813	60,462	60,456	60,500	60,023	59,552	59,476	59,500	58,908	58,177	58,200	58,200	57,724	47,980	33,391	32,800	30,302	30,138	53,384	23,300	23,388	23,332	23,054	23,200	20,816	20,670	20,470	23,100	20,304	20,240	20,080	19,648	19,648	19,632	19,632
Common Stock Total Equity	0	0	112	111	0	105	105	105	103	103	102	101	98	98	97	97	92	90	89	89	87	100	100	100	83	100	81	81	78	78	100	100	76	100	100	100	88	100	100	100	99	100	100	100	114	100	100	100	116	116	100	100	112	100	100	100	96	100	100	100	95	100	100	100	94	100	100	100	78	100	74	74	74	74	100	100	72	100	100	100	71	100	100	100	60	100	100	100	59	100	100	58	58	100	57	31	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	46,217	56,325	66,218	65,606	62,383	58,023	74,599	75,474	57,226	58,106	68,392	63,851	54,294	42,729	52,372	48,719	37,117	47,873	47,330	47,422	41,592	48,679	56,278	57,629	52,429	52,811	55,165	59,363	52,414	54,319	66,998	59,747	33,856	43,350	46,922	48,124	38,601	35,095	38,017	33,528	27,020	34,115	32,976	31,575	33,235	34,660	37,140	35,803	33,095	37,125	47,617	49,815	46,279	41,412	40,049	41,391	32,855	29,905	30,834	27,646	29,909	29,378	23,426	29,710	37,865	30,794	28,844	22,527	29,052	23,019	16,518	17,241	19,687	18,552	17,391	21,693	15,469	11,671	4,991	6,986	11,712	53,096	59,336	54,653	58,670	2,785	4,219	7,019	9,065	27,984	57,131	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	1,337	0	0	0	1,636	0	0	0	1,287	0	0	0	0	0	0	0	0	0	0	0	0	327	258	0	4,652	2,163	957	1,247	0	3,095	3,095	3,095	3,095	0	0	0	0	0	0	0	0	4,148	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	239,150	237,161	238,709	238,433	237,739	233,874	236,931	239,631	240,213	241,302	242,248	241,847	243,674	241,425	239,816	238,614	239,780	238,734	240,335	239,848	240,618	241,512	241,176	243,805	242,827	241,932	240,570	237,911	237,279	239,880	235,369	237,899	197,781	213,643	216,235	216,565	220,613	224,094	224,632	231,041	242,409	251,967	257,372	258,490	282,537	212,523	212,440	212,485	212,417	212,443	212,210	212,214	211,878	212,475	64,603	64,637	63,953	64,147	63,662	62,730	41,674	42,613	42,806	45,811	45,793	46,222	37,204	37,148	37,141	4,600	4,514	4,399	4,896	5,273	5,525	5,525	1,780	1,780	1,780	1,780	1,780	1,780	1,780	1,780	1,780	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	508	508	1,256	1,993	2,789	4,461	6,518	8,640	10,704	12,817	14,938	17,010	19,233	21,279	23,316	25,317	27,208	29,231	33,121	39,638	46,042	4,097	5,628	7,160	8,692	10,599	12,740	18,252	24,453	31,119	37,878	44,642	51,414	58,447	65,647	72,874	80,111	87,651	95,303	102,979	110,700	118,070	125,461	20,033	22,649	25,265	27,947	31,524	35,283	12,069	13,598	14,640	16,219	17,844	19,522	14,483	15,559	16,634	7,238	7,322	7,384	8,109	8,585	9,317	9,684	7,723	11,063	14,559	18,037	21,522	24,881	28,378	31,853	35,362	38,730	42,102	47,942	53,838	73,315	78,804	89,525	89,525	1,611,974	1,688,662	985	1,100	1,100	1,200	1,200	1,200	1,400	1,500	1,600	0	100	0	500	0	0	0	0	0	0	0	0
Inventory	83,982	103,748	113,587	131,642	120,949	99,024	82,636	81,816	71,195	51,856	43,031	35,539	35,031	36,802	32,097	34,854	29,042	28,970	27,659	29,325	25,638	23,333	22,994	25,074	25,976	31,754	35,130	39,920	41,193	35,828	36,624	42,415	38,819	39,873	31,241	31,518	32,747	32,512	30,170	30,304	36,926	40,369	44,381	46,385	64,270	68,269	68,007	65,545	70,649	65,155	61,064	58,817	58,065	57,176	42,816	39,609	35,066	30,720	34,363	38,213	26,875	32,530	32,124	33,086	34,251	36,341	42,508	46,685	42,116	35,635	30,961	31,208	38,552	43,064	42,620	43,237	41,763	37,988	30,359	28,323	22,425	21,205	21,644	22,768	25,904	32,034	27,847	26,126	30,944	35,424	62,093	80,191	80,191	81,979	68,355	42,868	35,300	30,500	24,200	21,200	22,400	20,700	18,700	16,300	15,500	14,400	13,900	17,000	14,800	10,400	9,000	8,600	9,200	8,900	7,600	6,600
Liabilities And Stockholders Equity	768,206	673,811	690,352	703,815	710,018	697,871	698,459	700,445	693,686	643,866	651,240	609,709	591,523	559,422	557,521	576,275	587,327	568,206	526,721	514,177	510,835	506,424	505,784	516,234	508,059	511,962	508,016	530,990	554,069	565,461	588,044	610,693	524,957	466,908	489,218	486,847	480,518	489,722	532,443	574,749	606,084	617,153	626,990	715,144	717,531	723,500	729,737	730,055	734,166	733,440	736,361	720,598	720,386	703,205	595,177	568,078	556,304	536,155	538,037	540,508	564,363	539,620	490,659	464,901	475,779	300,353	270,703	267,519	281,962	237,067	214,673	215,162	226,297	230,044	224,425	242,540	242,356	211,760	205,117	215,775	224,726	142,402	151,956	161,949	173,754	193,986	214,026	227,763	238,056	285,577	349,209	425,944	425,944	1,957,724	2,371,991	194,163	185,700	158,500	140,300	67,000	62,400	59,600	58,900	56,700	58,900	59,300	58,100	57,200	54,600	50,900	45,900	43,000	41,800	41,500	42,100	15,900
Long Term Debt	10,495	9,992	10,539	11,350	11,161	123,856	124,601	126,064	111,930	111,101	146,529	110,299	139,593	137,725	140,548	99,880	88,629	130,217	118,070	116,413	114,808	113,230	111,702	110,201	108,748	107,318	105,935	104,575	103,259	101,964	100,712	99,482	98,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,323	11,127	6,908	0	0	0	0	0	0	0	0	0	0	0	0	61	161	301	532	657	789	986	1,434	904	915	581	629	468	511	598	710	0	1,350	1,385	1,465	1,401	1,423	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	10,539	11,350	0	123,856	124,601	126,064	111,930	111,101	146,529	110,299	139,593	137,725	140,548	99,880	10,511	10,384	16,697	12,402	12,684	13,155	14,318	15,424	15,336	15,439	9,292	13,767	13,915	15,949	16,190	16,464	98,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	3,593	3,593	3,593	3,593	3,593	3,593	3,593	3,593	3,593	3,771	3,593	3,593	0	0	0	4,400	0	0	0	9,000	0	0	0	12,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	71,782	80,374	86,968	68,964	71,195	91,357	77,922	102,800	56,781	59,034	72,892	82,650	52,719	86,282	109,581	78,519	56,170	80,868	78,082	66,023	68,678	72,408	73,645	81,131	74,670	80,152	69,472	69,852	68,814	79,997	73,215	67,794	-27,895	-61,571	-76,049	-79,656	-73,032	-42,028	-59,173	-69,192	-90,329	-93,330	-83,203	-118,464	-96,670	-103,235	-92,446	-81,019	-90,983	-75,235	-70,370	-11,533	-96,533	-28,755	-123,686	-103,442	-145,569	-149,975	-125,677	-110,891	-179,891	-169,593	-172,668	-182,375	-129,005	-40,993	-21,421	-26,565	-32,922	-49,747	-49,116	-40,071	-36,546	-31,294	-20,062	-29,708	-24,264	-18,612	-13,481	-35,363	-40,221	-13,570	-20,775	-24,806	-18,970	-25,471	-34,834	-34,465	-33,259	-25,777	-23,631	-13,505	-13,505	-17,901	-350,430	-10,936	-24,800	-18,200	-32,200	-10,000	-8,600	-7,800	-13,000	-11,900	-13,700	-9,900	-11,000	-14,500	-16,400	-17,700	-18,700	-17,800	-22,100	-21,900	-22,600	-400
Net Invested Capital	567,167	470,266	472,619	466,024	454,404	466,535	463,742	453,141	450,542	427,517	419,531	413,181	409,666	391,637	385,008	388,330	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	146,303	110,345	119,203	88,135	108,427	105,581	106,351	115,594	88,529	75,442	100,599	85,704	66,227	81,353	79,070	93,058	88,500	100,905	70,571	58,930	81,795	77,986	82,635	74,760	69,844	71,582	60,427	69,771	86,765	99,078	108,871	95,477	69,515	64,128	76,079	75,864	74,144	75,640	79,937	77,515	75,052	85,069	86,248	95,692	85,920	94,638	102,748	111,753	109,886	116,429	117,861	111,929	101,652	92,438	71,363	70,041	64,838	70,347	64,503	52,698	63,923	75,949	59,205	56,812	69,302	69,339	62,476	58,421	64,674	52,423	35,493	43,329	43,433	48,204	48,190	55,777	64,148	43,287	39,103	32,360	38,528	32,150	34,775	29,424	25,380	23,426	38,473	45,602	34,402	41,129	50,915	67,726	67,726	90,460	114,764	38,638	35,400	35,200	26,900	20,800	17,600	17,300	13,400	14,400	16,500	22,000	21,500	14,300	12,600	12,700	11,500	10,300	5,800	6,700	6,800	4,400
Net Tangible Assets	0	103,639	104,092	97,353	86,767	66,747	59,905	45,022	55,700	32,379	25,076	19,487	14,120	-8,143	-11,527	-3,304	10,615	-4,202	-36,909	-29,991	-25,185	-33,421	-37,451	-37,065	-45,763	-44,650	-38,306	-13,711	4,131	8,452	17,070	27,332	126,290	156,415	166,153	165,056	163,330	169,400	188,458	239,992	265,025	269,673	227,017	306,825	282,448	275,138	275,727	271,526	264,248	246,308	231,241	213,838	190,255	190,665	342,060	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	58,338	53,918	43,827	32,207	25,620	114,741	116,442	94,544	98,666	87,436	114,750	68,102	90,740	68,273	62,476	34,897	102,838	90,437	47,192	46,967	60,297	49,925	40,330	39,410	29,686	29,734	27,522	50,922	71,938	82,632	89,098	94,573	201,250	137,355	147,591	146,953	142,754	146,992	178,043	224,284	242,940	241,838	236,929	322,769	293,978	297,345	294,725	287,342	279,060	275,990	261,648	243,927	217,898	211,798	341,791	332,619	325,185	322,547	315,822	315,156	375,131	357,843	329,521	299,483	283,276	125,615	119,794	111,763	97,398	120,465	114,323	115,885	117,353	120,420	123,549	123,824	117,112	101,600	101,406	98,243	95,389	17,825	18,609	25,737	31,246	41,147	56,523	61,726	66,608	81,079	109,737	194,618	194,618	205,942	215,574	136,973	129,400	88,200	86,400	35,700	32,300	31,400	31,300	34,200	38,800	38,700	38,300	36,300	34,200	32,200	33,900	33,100	32,500	32,600	32,100	7,200
Non Current Assets Total	439,353	344,674	358,836	365,710	362,326	361,188	360,033	375,045	370,559	352,691	350,119	349,042	353,488	345,379	349,644	344,650	335,965	331,319	341,218	333,106	314,133	319,225	326,680	334,388	336,284	335,905	335,256	338,348	337,234	339,364	340,159	354,250	238,826	240,262	243,322	243,705	247,834	254,908	257,413	265,144	277,354	287,518	294,808	295,691	320,659	319,536	327,234	335,508	342,288	348,991	356,890	364,499	371,835	378,677	151,340	140,084	138,006	130,179	133,801	136,676	94,033	99,076	80,169	80,491	81,971	83,731	67,113	68,753	69,994	22,181	22,753	23,847	25,149	26,688	28,364	29,493	27,334	30,843	35,690	40,592	44,980	50,508	55,673	61,605	67,818	74,435	80,731	90,015	99,593	119,973	138,770	136,891	0	1,649,576	1,723,932	19,695	16,000	37,100	29,300	12,300	12,000	11,800	12,200	11,700	11,500	10,600	10,000	9,900	9,400	8,900	5,200	4,900	4,500	3,300	3,200	2,700
Non Current Liabilities Other	29,478	27,781	27,766	50,781	28,169	27,320	29,153	31,183	31,379	26,181	22,001	45,511	46,333	41,389	41,290	41,568	41,432	40,105	41,577	30,697	18,688	19,736	20,255	22,200	23,543	21,957	19,712	19,520	21,357	20,467	19,321	20,357	13,613	14,654	16,602	16,039	15,680	21,753	30,647	26,947	26,838	23,849	62,221	62,401	61,224	59,425	57,068	57,469	56,377	58,357	56,473	56,039	54,681	46,241	66,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	58,938	57,792	59,862	62,131	63,440	175,308	179,639	184,936	172,429	165,331	197,545	155,810	185,926	179,114	181,838	141,448	183,947	180,706	176,344	159,512	146,180	146,121	146,275	147,825	147,627	145,041	135,197	137,862	138,531	140,543	137,180	137,550	111,908	17,749	19,697	19,134	18,775	21,753	30,647	26,947	26,838	23,849	62,221	62,401	61,224	63,573	60,918	58,728	57,032	70,927	72,108	71,674	69,530	61,874	66,435	55,254	55,718	48,058	49,871	49,880	54,847	55,868	26,236	27,925	30,834	28,337	28,488	30,592	22,258	24,970	26,634	28,082	29,520	32,344	34,114	35,041	33,889	32,025	32,575	33,415	34,208	35,172	34,419	35,840	36,881	39,584	24,542	28,219	31,147	51,300	33,706	35,807	0	74,499	77,208	584	500	600	500	900	800	500	400	500	400	0	0	0	200	-100	0	100	0	100	900	900
Non Currrent Assets Other	37,996	48,949	59,363	63,994	59,304	61,625	54,315	63,281	56,657	38,325	33,322	38,308	38,609	22,783	27,651	26,060	54,628	27,379	30,020	27,171	26,089	25,669	29,529	29,592	42,913	39,926	37,745	41,496	38,560	31,218	28,635	33,528	9,936	10,190	11,172	10,097	12,130	13,347	8,281	8,552	13,268	16,133	14,873	9,256	11,572	2,245	2,352	2,473	1,751	1,866	2,023	1,988	2,062	1,989	23,742	24,048	22,847	18,762	18,856	18,839	24,862	27,971	8,042	4,320	4,252	3,903	1,415	1,426	1,403	1,500	0	0	0	0	0	0	0	0	0	0	0	468	0	-100	0	-2,777	-4,193	-7,022	0	-28,969	-30,994	-33,120	0	-73,919	0	100	100	22,800	16,100	0	100	0	0	0	1,400	100	200	-100	600	1,200	0	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	0	0	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	48,949	0	63,994	61,697	61,625	54,315	0	56,657	38,325	33,322	38,308	66,165	32,659	37,609	36,282	37,712	35,879	38,952	36,369	34,784	35,031	39,092	40,054	307,019	305,174	303,632	306,615	305,070	304,219	303,642	317,469	211,814	213,643	216,235	216,565	220,613	224,094	224,632	231,041	242,409	251,967	257,372	258,490	282,537	280,415	287,666	295,069	301,819	309,612	317,212	324,902	332,010	339,925	108,378	111,334	112,065	110,856	114,042	116,852	78,605	84,182	65,488	66,350	67,889	69,647	53,102	54,133	55,178	7,238	7,322	7,384	8,109	8,585	9,317	9,684	7,723	11,063	14,559	18,037	21,522	25,349	28,378	31,853	35,362	38,730	42,102	47,942	53,838	73,315	78,804	84,353	89,525	1,611,974	1,688,662	985	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	14,299	33,117	27,695	27,451	28,730	15,724	17,059	27,251	13,797	13,855	17,177	16,346	16,879	10,054	10,741	11,487	15,225	9,486	8,895	4,497	4,973	4,586	4,855	5,156	3,485	3,121	4,304	7,046	6,149	3,960	3,161	1,682	303	747	1,255	255	1,412	29,483	30,512	54,047	542	34,901	39,872	49,122	45,506	49,075	53,947	48,790	49,506	61,982	66,248	68,067	68,463	64,796	51,737	50,546	47,324	51,945	52,753	51,087	52,369	38,656	30,952	15,622	20,995	11,911	16,387	10,804	12,807	16,104	11,932	8,220	8,335	7,205	7,087	9,479	8,504	10,262	7,765	6,134	6,196	11,221	3,554	4,625	5,494	9,700	10,200	14,000	18,840	35,100	35,500	41,467	41,467	24,427	23,585	9,587	9,300	2,800	27,700	1,300	1,200	1,600	1,400	1,800	1,700	2,400	1,700	1,500	1,400	1,200	1,500	1,400	200	300	300	300
Other Current Liab	61,024	45,786	58,460	59,269	66,724	54,378	59,615	53,072	53,644	64,963	67,829	43,986	57,687	52,112	43,621	52,499	63,761	60,388	57,753	54,122	53,860	51,564	51,781	49,683	48,938	54,239	51,621	53,215	56,316	50,914	48,166	61,506	31,354	29,139	29,985	29,248	35,118	31,043	33,676	31,848	35,349	33,118	38,931	42,294	42,415	39,922	40,254	39,050	46,896	39,761	39,486	39,379	51,283	40,045	30,720	31,092	37,584	36,116	38,744	45,539	50,490	46	467	508	481	726	480	274	51,123	47,942	44,137	40,993	43,918	43,533	40,647	42,729	58,993	50,750	49,036	53,892	56,755	7,120	7,179	6,893	6,900	61,510	59,897	56,950	51,213	41,121	21,973	61,652	60,543	70,128	399,809	18,876	21,400	18,100	12,300	9,700	10,400	9,600	8,300	5,200	4,900	5,300	5,600	5,100	5,400	4,200	3,200	2,300	2,600	2,800	2,500	2,000
Other Liab	0	27,781	0	27,909	28,169	27,320	29,153	0	31,379	26,181	22,001	20,963	46,333	17,556	16,686	16,242	15,666	14,710	14,568	14,374	18,688	19,736	20,255	22,200	23,543	21,957	19,712	19,520	21,357	20,467	19,321	20,357	13,613	14,654	16,602	16,039	15,680	21,753	30,647	26,947	26,838	23,849	62,221	62,401	61,224	59,425	57,068	57,469	56,377	58,357	56,473	56,039	54,681	46,241	42,112	44,127	48,810	48,058	49,871	49,880	54,847	55,868	26,236	24,471	27,380	28,337	28,488	30,592	22,258	24,909	26,473	27,781	28,713	31,687	33,325	34,055	32,455	31,121	31,660	32,834	33,579	34,704	33,908	35,242	36,171	36,799	18,973	19,815	20,617	14,232	1,244	1,026	592	610	3,120	584	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	2,405,043	2,399,282	2,389,573	2,384,806	2,380,651	2,375,529	2,371,001	2,362,873	2,387,922	2,382,292	2,373,851	2,366,693	2,353,559	2,348,719	2,342,856	2,338,236	2,329,769	2,323,839	2,302,798	2,300,259	2,296,795	2,293,174	2,283,649	2,280,847	2,272,690	2,267,213	2,260,886	2,257,093	2,254,055	2,249,857	2,245,120	2,240,830	2,236,418	2,259,757	2,264,312	2,265,055	2,261,952	2,264,422	2,289,187	2,309,955	2,336,275	2,345,512	2,346,784	2,429,631	2,432,790	2,437,539	2,437,447	2,440,158	2,433,164	2,427,000	2,422,468	2,413,258	2,397,671	2,392,101	2,290,463	2,284,954	2,279,945	2,276,992	2,274,237	2,269,525	2,263,236	2,263,679	2,257,108	2,250,880	2,246,875	2,100,059	2,086,992	2,084,624	2,078,864	2,056,519	2,053,404	2,051,834	2,048,090	2,047,867	2,047,691	2,045,826	2,039,738	2,039,599	2,039,524	2,038,487	2,036,522	1,964,956	1,964,120	1,964,114	1,963,234	1,963,100	1,961,700	1,961,400	2,027,349	1,958,500	1,954,300	2,001,677	0	1,952,700	1,983,720	171,061	148,600	139,200	137,300	73,000	85,000	70,800	70,400	-11,300	65,900	55,900	61,800	55,100	61,000	54,600	59,000	58,900	58,700	57,200	57,100	32,800
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	167,872	58,564	60,764	63,283	65,283	65,689	0	0	0	0	74,549	68,887	70,697	66,446	66,633	63,372	50,419	46,595	49,698	42,592	22,321	24,200	25,600	27,700	29,265	30,700	31,624	31,733	32,164	35,145	36,500	36,800	27,012	26,600	27,100	27,100	27,221	30,800	32,800	34,100	34,945	35,600	37,400	37,200	38,122	39,100	39,600	40,400	40,469	39,379	39,700	39,600	39,825	38,800	43,000	28,800	25,941	19,300	19,800	19,800	15,428	14,900	14,700	14,100	14,082	14,100	14,000	14,600	14,816	14,900	15,431	16,463	17,040	18,103	19,000	19,800	19,611	19,800	21,100	22,600	23,458	25,200	27,300	29,800	32,456	35,700	38,600	42,100	45,755	46,700	60,000	47,366	47,366	37,600	35,270	18,710	10,700	13,200	12,000	11,100	10,700	10,400	10,700	10,100	10,100	10,400	9,800	9,500	8,800	7,700	5,200	4,900	4,500	3,300	3,200	2,700
Property Plant And Equipment Net	57,500	58,564	60,764	63,283	65,283	65,689	68,787	72,133	73,689	73,064	74,549	68,887	70,697	66,446	66,633	63,372	22,928	46,595	49,698	42,592	22,321	24,151	25,631	27,703	29,265	30,731	31,624	31,733	32,164	35,145	36,517	36,781	27,012	26,619	27,087	27,140	27,221	30,814	32,781	34,103	34,945	35,551	37,436	37,201	38,122	39,121	39,568	40,439	40,469	39,379	39,678	39,597	39,825	38,752	42,962	28,750	25,941	19,323	19,759	19,824	15,428	14,894	14,681	14,141	14,082	14,084	14,011	14,620	14,816	14,943	15,431	16,463	17,040	18,103	19,047	19,809	19,611	19,780	21,131	22,555	23,458	25,159	27,295	29,752	32,456	35,705	38,629	42,073	45,755	46,658	59,966	47,366	0	37,602	35,270	18,710	14,900	13,200	12,000	11,100	10,700	10,400	10,700	10,100	10,100	10,400	9,800	9,500	8,800	7,700	5,200	4,900	4,500	3,300	3,200	2,700
Property Plant Equipment	0	58,564	37,626	38,936	65,283	65,689	68,787	42,577	73,689	73,064	74,549	43,136	43,141	41,915	41,341	37,091	22,928	18,901	19,312	20,976	22,321	24,151	25,631	27,703	29,265	30,731	31,624	31,733	32,164	35,145	36,517	36,781	27,012	26,619	27,087	27,140	27,221	30,814	32,781	34,103	34,945	35,551	37,436	37,201	38,122	39,121	39,568	40,439	40,469	39,379	39,678	39,597	39,825	38,752	42,962	28,750	25,941	19,323	19,759	19,824	15,428	14,894	14,681	14,141	14,082	14,084	14,011	14,620	14,816	14,943	15,431	16,463	17,040	18,103	19,047	19,809	19,611	19,780	21,131	22,555	23,458	25,159	27,295	29,752	32,456	35,705	38,629	42,073	45,755	46,658	59,966	58,378	47,366	37,602	35,270	18,710	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-1,962,575	-2,046,416	-2,039,921	-2,041,476	-2,046,569	-2,052,700	-2,061,320	-2,073,288	-2,087,957	-2,107,814	-2,109,344	-2,107,335	-2,101,211	-2,114,676	-2,109,295	-2,093,894	-2,071,940	-2,077,510	-2,089,167	-2,077,322	-2,067,416	-2,070,746	-2,062,988	-2,060,075	-2,057,812	-2,045,967	-2,030,384	-1,998,884	-1,976,222	-1,965,779	-1,949,767	-1,929,088	-1,903,908	-1,896,709	-1,891,898	-1,890,904	-1,888,247	-1,883,393	-1,884,471	-1,847,409	-1,841,999	-1,839,639	-1,876,405	-1,872,605	-1,879,026	-1,883,830	-1,875,600	-1,875,617	-1,868,089	-1,872,416	-1,875,962	-1,876,352	-1,876,868	-1,863,130	-1,862,769	-1,867,214	-1,872,533	-1,872,580	-1,875,157	-1,867,238	-1,848,394	-1,861,603	-1,873,568	-1,899,032	-1,912,386	-1,919,025	-1,928,442	-1,934,691	-1,933,709	-1,938,750	-1,942,766	-1,939,863	-1,934,715	-1,932,699	-1,929,808	-1,927,279	-1,928,984	-1,939,142	-1,934,903	-1,933,135	-1,930,558	-1,931,928	-1,924,474	-1,912,792	-1,901,125	-1,887,373	-1,849,343	-1,838,219	-1,824,207	-1,809,398	-1,740,589	-1,657,800	-1,657,800	-171,198	-81,527	5,535	-3,800	-14,600	-22,300	-26,100	-27,500	-28,100	-27,300	56,700	-6,000	-6,600	-7,000	-8,900	-10,900	-13,400	-15,100	-16,200	-16,900	-18,100	-19,400	-20,500
Retained Earnings Total Equity	0	0	-2,039,921	-2,041,476	0	-2,052,700	-2,061,320	-2,073,288	-2,087,957	-2,107,814	-2,109,344	-2,107,335	-2,101,211	-2,114,676	-2,109,295	-2,093,894	-2,071,940	-2,077,510	-2,089,167	-2,077,322	-2,067,416	-2,070,746	-2,062,988	-2,060,075	-2,057,812	-2,045,967	-2,030,384	-1,998,884	-1,976,222	-1,965,779	-1,949,767	-1,929,088	-1,903,908	-1,896,709	-1,891,898	-1,890,904	-1,888,247	-1,883,393	-1,884,471	-1,847,409	-1,841,999	-1,839,639	-1,876,405	-1,872,605	-1,879,026	-1,883,830	-1,875,600	-1,875,617	-1,868,089	-1,872,416	-1,875,962	-1,876,352	-1,876,868	-1,863,130	-1,862,769	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,798	119,474	119,279	118,888	118,737	42,058	42,305	42,424	41,816	41,620	5,678	41,548	11,771	19,374	14,178	50,351	50,039	6,962	1,379	7,124	7,084	7,472	1,328	6,864	7,610	7,129	122,357	125,144	7,275	6,825	7,829	8,843	98,295	0	0	0	7,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	156,051	155,996	157,999	159,841	160,781	196,637	199,741	203,539	190,212	187,468	188,069	183,427	151,364	157,099	187,325	150,231	149,228	147,563	136,146	135,939	134,667	134,062	127,743	133,176	131,694	130,191	122,357	125,144	124,449	124,738	124,731	124,789	98,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	48,139	0	41,768	64,207	52,518	6,908	0	0	0	0	0	0	0	0	0	0	532	532	657	854	1,052	1,272	1,510	1,677	1,953	2,339	1,819	1,872	1,463	1,656	1,810	2,092	2,269	2,572	2,863	3,014	2,809	2,746	2,476	2,372	0	0	0	0	600	600	0	0	1,400	600	400	200	600	0	0	0	0	0	0	0	0	0	400	1,600	1,500
Short Term Debt	126,591	125,985	125,903	125,619	125,510	48,649	49,255	49,786	49,162	48,318	12,525	48,580	11,771	19,374	22,173	50,351	6,713	6,962	1,379	7,124	7,175	7,677	1,723	7,551	7,610	7,434	7,130	6,802	7,275	6,825	7,829	8,843	307	176	112	320	893	307	664	98	1,041	577	496	0	1,797	1,122	527	871	2,290	655	126	781	6,791	2,808	2,583	1,675	609	2,357	4,926	2,365	1,434	40,589	45,934	43,106	51,686	43,904	37,756	38,974	532	596	693	751	812	853	888	967	1,067	915	957	882	1,027	1,342	1,581	1,671	1,862	2,863	1,664	1,424	1,281	1,075	949	0	0	0	0	200	200	0	0	1,000	200	400	200	600	0	0	0	0	0	0	0	0	0	200	700	700
Short Term Investments	0	6,305	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	222	274	285	530	803	802	6,923	6,923	7,931	13,760	19,238	26,604	25,990	29,034	22,203	31,847	55,151	75,238	78,547	80,252	75,966	78,478	109,790	104,506	88,747	85,355	87,440	70,854	65,648	63,928	57,614	23,838	39,595	90,028	111,838	118,593	102,989	127,145	150,943	147,272	123,816	115,541	96,515	140,255	58,038	60,798	56,291	58,917	60,320	63,564	67,435	73,010	72,079	76,425	72,893	74,004	68,949	76,847	71,540	70,720	11,938	13,443	16,452	27,616	26,223	19,007	14,678	18,272	25,731	35,906	86,164	86,164	93,381	90,925	72,439	64,900	34,700	25,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	768,206	673,811	690,352	703,815	710,018	697,871	698,459	700,445	693,686	643,866	651,240	609,709	591,523	559,422	557,521	576,275	587,327	568,206	526,721	514,177	510,835	506,424	505,784	516,234	508,059	511,962	508,016	530,990	554,069	565,461	588,044	610,693	524,957	466,908	489,218	486,847	480,518	489,722	532,443	574,749	606,084	617,153	626,990	715,144	717,531	723,500	729,737	730,055	734,166	733,440	736,361	720,598	720,386	703,205	595,177	568,078	556,304	536,155	538,037	540,508	564,363	539,620	490,659	464,901	475,779	300,353	270,703	267,519	281,962	237,067	214,673	215,162	226,297	230,044	224,425	242,540	242,356	211,760	205,117	215,775	224,726	142,402	151,956	161,949	173,754	193,986	214,026	227,763	238,056	285,577	349,209	425,944	425,944	1,957,724	2,371,991	194,163	185,700	158,500	140,300	67,000	62,400	59,600	58,900	56,700	58,900	59,300	58,100	57,200	54,600	50,900	45,900	43,000	41,800	41,500	42,100	15,900
Total Current Assets	328,853	329,137	331,516	338,105	347,692	336,683	338,426	325,400	323,127	291,175	301,121	260,667	238,035	214,043	207,877	231,625	251,362	236,887	185,503	181,071	196,702	187,199	179,104	181,846	171,775	176,057	172,760	192,642	216,835	226,097	247,885	256,443	286,131	226,646	245,896	243,142	232,684	234,814	275,030	309,605	328,730	329,635	332,182	419,453	396,872	403,964	402,503	394,547	391,878	384,449	379,471	356,099	348,551	324,528	443,837	427,994	418,298	405,976	404,236	403,832	470,330	440,544	410,490	384,410	393,808	216,622	203,590	198,766	211,968	214,886	191,920	191,315	201,148	203,356	196,061	213,047	215,022	180,917	169,427	175,183	179,746	91,894	96,283	100,344	105,936	119,551	133,295	137,748	138,463	165,604	210,439	289,053	289,053	308,148	648,059	174,468	169,700	121,400	111,000	54,700	50,400	47,800	46,700	45,000	47,400	48,700	48,100	47,300	45,200	42,000	40,700	38,100	37,300	38,200	38,900	13,200
Total Current Liabilities	272,394	275,219	287,689	305,898	322,072	221,942	221,984	230,856	224,461	203,739	186,371	192,565	147,295	145,770	145,401	196,728	148,524	146,450	138,311	134,104	136,405	137,274	138,774	142,436	142,089	146,323	145,238	141,720	144,897	143,465	158,787	161,870	84,881	89,291	98,305	96,189	89,930	87,822	96,987	85,321	85,790	87,797	95,253	96,684	102,894	106,619	107,778	107,205	112,818	108,459	117,823	112,172	130,653	112,730	102,046	95,375	93,113	83,429	88,414	88,676	95,199	82,701	80,969	84,927	110,532	91,007	83,796	87,003	114,570	94,421	77,597	75,430	83,795	82,936	72,512	89,223	97,910	79,317	68,021	76,940	84,357	74,069	77,674	74,607	74,690	78,404	76,772	76,022	71,855	84,525	100,702	94,435	94,435	102,206	432,485	37,495	40,300	33,200	24,600	19,000	18,100	16,400	15,400	10,800	8,600	10,000	9,800	11,000	11,000	9,800	6,800	5,000	4,800	5,600	6,800	6,000
Total Liab	331,332	333,011	347,551	368,029	385,512	397,250	401,623	415,792	396,890	369,070	383,916	348,375	333,221	324,884	327,239	338,176	332,471	327,156	314,655	293,616	282,585	283,395	285,049	290,261	289,716	291,364	280,435	279,582	283,428	284,008	295,967	299,420	196,789	107,040	118,002	115,323	108,705	109,575	127,634	112,268	112,628	111,646	157,474	159,085	164,118	170,192	168,696	165,933	169,850	179,386	189,931	183,846	200,183	174,604	168,481	150,629	148,831	131,487	138,285	138,556	150,046	138,569	107,205	112,852	141,366	119,344	112,284	117,595	136,828	119,391	104,231	103,512	113,315	115,280	106,626	124,264	131,799	111,342	100,596	110,355	118,565	109,241	112,093	110,447	111,571	117,988	101,314	104,241	103,002	135,825	134,408	130,242	130,242	176,705	509,693	38,079	40,800	33,800	25,100	19,900	18,900	16,900	15,800	11,300	9,000	10,000	9,800	11,000	11,000	9,700	6,800	5,100	4,800	5,700	7,700	6,900
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	436,874	340,800	342,801	335,786	324,506	300,621	296,836	284,653	296,796	274,796	267,324	261,334	258,302	234,538	230,282	238,099	254,856	241,050	212,066	220,561	228,250	223,029	220,735	225,973	218,343	220,598	227,581	251,408	270,641	281,453	292,077	311,273	328,168	359,868	371,216	371,524	371,813	380,147	404,809	462,481	493,456	505,507	469,516	556,059	553,413	553,308	561,041	564,122	564,316	554,054	546,430	536,752	520,203	528,601	426,696	417,449	407,473	404,668	399,752	401,952	414,317	401,051	383,454	352,049	334,413	181,009	158,419	149,924	145,134	117,676	110,442	111,650	112,982	114,764	117,799	118,276	110,557	100,418	104,521	105,420	106,161	33,161	39,863	51,502	62,183	75,998	112,712	123,522	135,054	149,752	214,801	295,702	295,702	1,781,019	1,862,298	156,084	144,900	124,700	115,200	47,100	43,500	42,700	43,100	45,400	49,900	49,300	48,300	46,200	43,600	41,200	39,100	37,900	37,000	35,800	34,400	9,000
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	883	1,115	0	1,564	0	81	0	1,777	2,410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Begin Period Cash Flow	89,586	133,431	98,645	93,058	65,989	58,757	55,635	126,190	73,032	90,329	96,670	90,983	96,533	152,477	179,891	129,005	33,454	37,818	26,603	41,877	21,542	36,005	13,505	24,822	9,200	13,700	16,400	22,100	1,700
Capital Expenditures	8,475	9,250	12,975	32,205	10,328	7,044	11,399	15,107	14,356	10,065	14,581	12,609	17,269	35,624	8,086	9,046	5,868	5,143	5,666	6,318	3,364	3,292	29,080	29,877	9,300	4,700	4,800	6,700	3,100
Cash And Cash Equivalents Changes	0	0	35,981	4,849	27,272	7,232	1,389	-70,555	53,158	-17,297	-6,341	5,687	-5,550	-55,944	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-1,355	13,302	10,229	4,405	6,795	-1,458	-8,206	-3,332	1,807	-2,684	7,924	-3,916	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-5,317	-43,845	34,786	5,587	27,069	7,232	1,389	-70,555	53,158	-17,297	-6,341	5,687	-5,550	-55,944	-27,414	50,886	95,551	-4,364	11,215	-15,274	20,335	-14,463	22,500	-11,317	15,600	2,200	1,400	700	21,200
Change In Working Capital	-37,210	-69,526	-13,855	14,313	-22,450	-17,369	22,490	17,771	-19,782	-39	-22,082	17,942	-27,958	-22,225	-10,521	27,571	-7,030	-7,975	10,723	-30,886	2,241	42,629	53,822	-372,989	-8,200	1,200	-6,400	-8,000	-3,600
Change Receivables	0	0	-26,722	21,186	-8,388	-14,700	12,598	-2,563	2,595	-1,035	9,908	20,368	-10,365	-19,744	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-35,473	-23,136	-26,722	21,186	-8,388	-14,700	12,598	-2,563	2,595	-1,035	9,908	22,744	-8,242	-19,744	5,426	6,529	-4,191	-20,550	21,804	-26,490	0	8,931	35,619	24,095	0	0	0	0	0
Change To Inventory	35,403	-54,431	-39,338	-8,195	-4,819	-2,045	11,687	-4,107	-7,187	1,610	13,290	3,003	-12,652	-11,979	7,726	7,388	7,865	-3,224	4,581	-15,296	8,188	11,907	10,038	-27,553	-12,900	-6,400	-700	-5,600	-3,500
Change To Liabilities	0	8,447	57,317	-10,234	-5,896	-3,851	-8,437	26,333	-8,217	2,718	-51,768	-5,121	-14,988	16,170	0	0	0	12,519	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	33,240	22,257	29,610	19,731	22,112	34,966	15,928	21,835	56,677	-475	21,785	22,192	14,226	1,389	33,657	208	493	0	339	0	4,126	1,763	0	0	0	0	0	0
Change To Operating Activities	0	-257	-5,112	-256	-10,757	2,726	-1,857	1,531	-13,881	-4,738	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	12,255	12,260	13,053	15,707	19,606	21,338	22,921	33,655	19,743	36,979	43,970	44,399	44,287	27,415	20,559	13,289	11,999	9,583	11,279	23,302	26,168	34,383	38,910	247,384	6,300	4,300	3,400	2,500	1,800
Dividends Paid	-3,835	0	-2,064	-1,662	1,492	0	0	0	131,777	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	84,269	89,586	133,431	98,645	93,058	65,989	57,024	55,635	126,190	73,032	90,329	96,670	90,983	96,533	152,477	179,891	129,005	33,454	37,818	26,603	41,877	21,542	36,005	13,505	24,800	15,900	17,800	22,800	22,900
Exchange Rate Changes	0	0	0	0	0	-763	1,643	-363	-312	-458	8	122	-52	-118	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-1,416	-3,774	28,042	6,958	20,967	5,240	-8,335	-14,669	-8,005	37,304	39,178	58,204	27,908	-17,787	3,002	51,081	29,492	3,491	10,388	-15,340	-8,923	-8,696	-53,848	-389,362	12,500	-6,700	-2,800	-6,400	-800
Investments	-13,915	-1,288	-12,975	-32,205	-10,328	104	6,898	19,707	5,033	37,864	22,160	-34,940	-47,812	92,773	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	7,515	7,092	12,311	5,472	8,406	4,947	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	-38,791	-2,308	-5,919	-609	-2,066	-1,064	-2,952	124,750	128,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	83,994	28,182	13,254	-29,271	-5,924	-21,035	-82,955	-72,314	-15,661	-46,248	22,364	-10,937	8,779	-4,335	-24,139	63,992	23,421	1,007	-5,731	1,574	-29,433	-76,918	-166,407	-1,654,008	23,700	-21,500	4,900	5,900	4,100
Other Cashflows From Financing Activities	-9,493	-2,802	5,925	10,388	117,399	4,836	3,587	3,742	256,478	15	141	121	1,955	18,833	-42,912	-17,952	-462	-894	-1,159	683	-916	-174	2,746	342,692	-400	600	-6,100	-6,700	-3,200
Other Cashflows From Investing Activities	0	0	0	0	0	104	288	-75,078	-1,091	-1,091	43,515	0	-250	-250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	13,547	4,305	10,706	20,479	30,065	11,400	21,809	18,351	6,981	7,227	6,636	5,452	1,472	1,691	2,792	3,328	6,970	6,019	114	-3,012	-4,535	-5,654	48,907	1,420,128	0	14,000	100	-100	0
Sale Purchase Of Stock	3,835	-5,133	-2,064	-1,662	-1,492	4,717	1,959	2,800	-72,863	-93,128	-116,529	-22,639	12,701	3,859	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	27,329	25,212	24,056	18,040	12,074	17,289	16,610	13,060	15,582	17,287	16,089	18,926	20,913	15,539	10,579	7,806	6,196	5,722	35	23	0	0	2,806	0	0	0	0	0	0
Total Cash From Financing Activities	-4,990	-43,133	7,939	-2,109	6,305	2,651	895	-152	57,533	-92,007	-111,202	-17,699	14,656	22,692	4,243	8,463	152,875	3,884	5,319	3,877	72,335	3,596	9,006	5,454	69,000	2,200	1,400	700	21,200
Total Cash From Operating Activities	7,059	5,476	41,017	39,163	31,295	12,284	3,064	438	6,351	47,369	53,759	70,813	45,177	17,837	11,088	60,127	35,360	8,634	16,054	-9,022	-5,559	-5,404	-24,768	-359,485	21,800	-2,000	2,000	300	2,300
Total Cashflows From Investing Activities	0	-1,288	-12,975	-32,205	-10,328	-6,940	-4,213	-70,478	-10,414	27,799	51,094	-47,549	-65,331	-96,355	0	0	0	0	0	0	0	0	38,580	342,692	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Begin Period Cash Flow	75,622	71,031	90,877	89,586	105,280	121,819	100,739	133,431	128,434	115,177	100,777	98,645	70,817	77,744	71,712	93,058	66,695	58,064	69,916	65,989	61,876	54,372	52,330	58,757	50,039	52,885	55,292	55,635	44,741	51,516	56,995	126,190	61,571	76,049	79,656	73,032	42,028	59,173	69,192	90,329	93,330	83,203	118,464	96,670	103,235	92,446	81,019	90,983	75,235	70,370	59,672	96,533	70,523	187,893	155,960	152,477	149,975	125,677	110,891	179,891	169,593	172,668	182,375	129,005	40,993	21,421	26,565	33,454	50,404	49,970	41,123	37,818	32,804	21,739	31,661	26,603	20,431	15,353	36,826	41,877	15,380	22,867	27,075	21,542	28,334	37,848	37,274	36,005	28,253	26,003	42,326	17,901	17,901	350,430	10,936	24,822	18,200	16,300	11,400	9,200	8,170	13,200	12,500	13,700	9,980	11,000	14,540	16,400	17,670	18,700	22,400	22,100	0	24,100	600	1,700
Capital Expenditures	2,726	1,916	1,502	2,331	1,861	1,885	3,066	2,438	2,405	2,885	4,040	3,645	6,029	5,423	9,529	11,224	5,355	2,034	1,265	1,674	2,341	1,522	1,406	1,775	2,324	3,132	2,726	3,217	3,684	3,715	5,044	2,664	3,963	2,888	3,854	3,651	1,206	2,380	3,048	3,431	3,332	2,494	4,481	4,274	2,759	3,142	2,993	3,715	4,896	3,871	3,545	4,957	5,787	16,662	12,022	1,153	1,981	2,330	2,320	1,455	2,497	2,474	2,279	1,796	74,777	72,295	1,072	1,410	2,404	1,273	811	1,593	1,434	4,232	1,114	1,815	2,526	1,131	1,014	1,647	1,193	657	901	613	1,764	945	650	1,114	16,682	2,220	6,590	14,058	14,058	6,043	4,331	5,445	3,200	39,200	43,800	1,500	1,200	800	1,700	1,000	600	1,500	1,200	1,500	1,700	3,200	800	1,000	1,800	300	600	400
Cash And Cash Equivalents Changes	0	0	-20,055	519	0	-12,243	25,829	-31,887	5,322	13,660	14,302	2,697	27,242	-7,477	5,619	-20,535	26,080	9,117	-11,885	3,960	3,533	7,496	2,703	-6,500	6,985	-2,846	-2,407	-343	10,894	-6,775	-5,479	-69,195	64,619	-14,478	-3,607	6,624	31,004	-17,145	-10,019	-21,137	-3,001	10,127	-35,261	21,794	-6,565	10,789	11,427	-9,964	15,748	4,865	10,698	-36,861	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,061	-2,131	0	-8,569	-1,354	-3,520	-4,476	2,239	1,901	-1,019	-10,383	4,503	8,603	10,579	15,932	-4,177	-2,943	1,417	1,898	610	8,408	-6,511	93	769	9,084	-3,151	4,480	-1,790	1,930	-6,078	5,611	-2,182	1,427	-13,062	1,989	-2,897	4,247	-6,671	-6,715	4,981	12,138	-8,597	-4,531	5,031	-5,076	1,892	748	4,393	1,664	1,119	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,647	4,591	-19,846	1,291	-15,694	-16,539	21,080	-32,692	4,997	13,257	14,400	2,132	27,828	-6,927	6,032	-21,346	26,363	8,631	-11,852	3,927	4,113	7,504	2,042	-6,427	6,985	-2,846	-2,407	-343	10,894	-6,775	-5,479	-69,195	64,619	-14,478	-3,607	6,624	31,004	-17,145	-10,019	-21,137	-3,001	10,127	-35,261	21,794	-6,565	10,789	11,427	-9,964	15,748	4,865	10,698	-36,861	26,010	-117,370	31,933	3,483	2,502	24,298	14,786	-69,000	10,298	-3,075	-9,707	53,370	88,012	19,572	-5,144	-6,889	-16,950	434	8,847	3,305	5,014	11,065	-9,922	5,058	6,172	5,078	-21,473	-5,051	26,497	-7,487	-4,208	5,533	-6,792	-9,514	574	1,269	7,752	2,250	-16,323	-4,396	-4,396	-332,529	339,494	-13,886	6,600	1,900	62,900	3,000	1,200	700	1,100	300	100	500	300	500	100	200	100	300	-400	-1,400	24,100	-1,100
Change In Working Capital	3,258	4,112	-30,483	-14,097	-1,668	-27,001	746	-41,603	-16,416	1,474	6,907	-5,820	14,819	-12,841	13,721	-1,386	13,431	-35,757	-7,089	6,965	-7,312	-5,739	4,075	-8,393	2,377	-7,519	20,698	6,934	18,867	-5,079	-1,100	5,083	-5,180	-10,055	2,928	-7,475	9,378	-19,021	11,622	-2,018	6,941	-35,526	23,557	-17,054	4,307	10,327	2,683	625	1,950	-6,754	-44	-25,233	14,333	-15,071	-4,606	-15,654	408	-8,349	-10,125	7,339	26,517	16,512	-7,229	-6,495	14,305	4,237	-8,386	-17,186	-1,178	-10,565	5,215	-1,447	6,316	8,626	-6,563	2,344	-2,257	-2,299	-19,115	-7,215	4,905	-707	-1,316	-641	8,771	28,159	6,233	-534	-27,557	35,664	-8,794	15,240	-11,282	-329,022	-45,555	-13,652	3,900	-6,800	-3,400	-1,900	-500	-5,300	4,200	2,800	4,200	-1,600	-5,200	-3,800	-2,700	-300	-200	-4,800	300	-2,000	-2,600	700
Change Receivables	0	0	-31,790	20,277	0	-729	7,093	-28,479	-14,252	24,239	-15,951	-20,758	15,750	-7,588	18,092	-5,068	12,133	-31,220	-11,652	22,351	-5,115	3,987	-7,647	-5,925	1,231	-12,112	9,091	14,388	10,306	3,131	-5,106	-10,894	-6,845	10,662	131	-1,353	-563	5,013	-3,558	-1,927	10,218	1,080	9,498	-10,888	5,332	9,046	7,169	-1,179	4,418	1,426	-5,932	-10,277	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-31,125	7,165	-31,790	20,277	-1,021	-729	7,093	-28,479	-14,252	24,239	-15,951	-20,758	15,750	-7,588	18,092	-5,068	12,133	-31,220	-11,652	22,351	-5,115	3,987	-7,647	-5,925	1,231	-12,112	9,091	14,388	10,306	3,131	-5,106	-10,894	-6,845	11,196	-403	-1,353	-563	5,013	-3,558	-1,927	10,218	1,080	9,498	-10,888	7,708	9,046	7,853	-1,863	4,418	1,426	-5,932	-10,277	-9,213	-4,002	-1,325	-5,204	5,729	-5,876	-11,756	17,329	6,529	-16,641	-2,395	12,424	-4,191	-6,406	-4,081	6,253	21,804	-16,944	7,630	-186	21,804	16,774	7,727	9,148	-26,490	-4,132	-6,773	6,259	-14,051	2,614	-5,417	-3,919	8,931	15,048	7,129	-11,201	35,619	9,800	-9,700	26,500	24,095	24,300	0	0	0	-8,300	-6,100	-3,200	0	-3,900	1,000	2,100	0	-500	0	-1,700	0	-1,200	0	0	0	0	0	0
Change To Inventory	20,871	7,638	17,441	-10,547	-19,479	-19,523	-3,588	-11,841	-20,555	-9,958	-7,706	-1,119	1,106	-5,269	2,249	-6,281	-649	-1,730	1,717	-4,157	-3,042	-1,003	1,576	424	5,499	3,276	1,970	942	-6,332	-933	3,209	-51	749	-8,599	-112	775	-791	-2,978	-521	5,900	2,781	3,342	335	6,832	3,088	-4,988	-201	5,104	-5,495	-4,163	-2,262	-732	-891	-3,364	-3,212	-4,512	-4,372	3,682	3,832	4,583	5,647	-392	966	1,167	2,088	6,160	4,170	-4,553	-6,101	-4,687	240	7,324	4,559	-645	787	-120	-2,853	-6,369	-874	-5,200	3,448	437	1,061	3,242	12,998	-4,188	-1,720	4,817	-34,729	26,669	1,931	1,089	1,089	-13,556	-7,537	-7,549	-4,800	-6,400	-2,900	1,200	-1,700	-2,000	-2,400	-300	-1,100	-500	3,100	-2,200	-4,400	-1,400	-400	600	-300	-1,300	-900	-1,000
Change To Liabilities	0	-510	-20,760	-21,261	8,097	2,255	-13,110	2,666	37,195	-14,539	5,285	17,076	10,092	-4,487	-15,223	-616	-409	1,370	5,789	-12,646	125	-9,333	1,738	3,619	-4,293	548	553	-5,245	10,847	-5,487	-1,133	22,106	-5,928	-11,728	3,274	6,165	8,743	-18,159	11,454	680	-4,024	-44,929	-1,213	-1,602	-1,958	1,238	107	-4,508	2,279	-8,410	6,365	-15,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	10,112	8,688	11,586	11,430	6,209	2,924	11,813	-854	7,390	7,195	8,526	6,135	9,381	8,128	5,966	-9,103	23,345	3,466	2,023	2,696	9,162	1,799	8,455	11,276	7,140	9,537	7,013	-4,544	5,365	7,705	7,402	5,321	5,631	4,123	6,760	9,364	9,018	30,515	7,780	7,689	3,823	-3,005	-8,982	2,794	8,870	6,360	3,761	7,297	3,300	5,456	6,139	11,017	0	0	0	1,389	2,156	4,200	153	33,657	31,430	850	264	208	0	0	0	493	366	319	77	0	0	0	0	339	85	77	0	0	221	279	0	4,126	3,155	3,271	3,267	1,763	20,933	20,933	20,874	0	0	1,212	3,900	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	-10,181	-10,181	-13,041	10,884	-14,061	10,351	10,351	-18,804	-2,832	25,279	-8,755	-8,980	1,478	8,750	-1,504	5,482	-4,911	-3,718	-7,610	2,407	-1,241	9,004	-7,444	-1,857	5,378	5,421	-7,150	1,531	-1,790	1,930	-6,078	-13,881	0	0	0	-4,738	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,077	3,089	3,059	3,030	3,035	3,097	3,017	3,111	3,151	3,231	3,107	3,564	3,810	3,900	3,499	4,498	4,884	4,844	4,949	4,929	5,147	5,226	5,410	5,555	5,644	5,994	5,615	5,668	7,746	9,850	9,959	6,100	4,629	4,745	4,969	5,400	5,960	9,667	10,459	10,893	11,036	10,989	10,872	11,073	11,058	11,045	10,959	11,337	11,214	11,157	11,142	10,774	11,815	5,965	4,686	4,949	5,038	5,786	5,994	3,741	3,328	3,290	3,317	3,354	3,249	3,252	2,734	2,764	3,192	1,940	2,031	2,420	2,690	2,491	2,288	3,810	5,828	5,743	5,797	5,934	6,349	6,259	6,770	6,790	7,153	7,301	9,907	10,022	9,164	10,363	10,037	92,193	92,193	91,984	61,491	1,716	2,300	1,500	1,300	1,200	1,000	1,100	1,100	1,100	900	900	800	800	700	700	500	600	700	400	400	300
Dividends Paid	0	0	2,773	-6,353	1,287	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	84,269	75,622	71,031	90,877	89,586	105,280	121,819	100,739	133,431	128,434	115,177	100,777	98,645	70,817	77,744	71,712	93,058	66,695	58,064	69,916	65,989	61,876	54,372	52,330	57,024	50,039	52,885	55,292	55,635	44,741	51,516	56,995	126,190	61,571	76,049	79,656	73,032	42,028	59,173	69,192	90,329	93,330	83,203	118,464	96,670	103,235	92,446	81,019	90,983	75,235	70,370	59,672	96,533	70,523	187,893	155,960	152,477	149,975	125,677	110,891	179,891	169,593	172,668	182,375	129,005	40,993	21,421	26,565	33,454	50,404	49,970	41,123	37,818	32,804	21,739	31,661	26,603	20,431	15,353	36,826	41,877	15,380	22,867	27,075	21,542	28,334	37,848	37,274	36,005	28,253	26,003	13,505	13,505	17,901	350,430	10,936	24,800	18,200	62,900	12,200	1,200	700	1,100	14,000	100	500	300	16,900	100	200	100	22,400	-400	-1,400	24,100	600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-763	0	0	0	368	499	482	294	-460	192	-425	330	-76	-155	54	-135	-289	-185	-2	18	33	80	1	-106	19	141	-167	129	-81	-132	38	123	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,541	9,128	-18,024	3,939	17,490	-10,104	18,760	-29,920	4,956	12,332	12,721	-1,967	35,553	-8,732	2,402	-22,265	24,799	3,753	-10,127	2,542	4,276	897	8,466	-8,399	6,710	-11,716	2,984	-6,313	9,671	-8,339	-7,929	-8,072	-6,176	-7,912	7,706	-1,623	18,642	-1,638	12,486	7,814	15,293	13,558	19,539	-9,212	17,828	18,870	17,257	4,249	19,892	7,378	13,278	-12,640	10,838	-20,933	-3,560	-4,132	18,878	1,020	-10,715	-6,181	38,964	-427	2,463	10,081	100,796	-52,971	1,125	-13,590	11,047	-3,327	5,054	-4,140	5,597	8,236	-7,116	6,088	10,878	-1,813	-16,188	-6,072	6,790	-1,881	-6,160	-6,114	-2,419	-2,528	4,402	-4,859	20,229	-8,129	-34,057	-12,899	-12,899	-331,652	-36,757	-8,054	13,800	41,700	-42,200	-800	-200	-5,700	600	-1,400	5,000	-1,600	-3,800	-2,400	-1,400	-1,300	1,000	-4,700	300	-600	-1,800	1,300
Investments	3,579	-8,221	-1,502	-2,331	-1,861	-1,885	7,962	-2,438	-2,405	-2,885	-4,040	-3,645	-6,029	-5,423	-9,529	-11,224	-5,355	-2,034	-1,265	-1,674	104	104	104	104	6,898	3,792	3,792	6,898	1,015	5,850	5,448	7,394	-702	3,062	-6,739	9,412	19,686	13,931	2,949	1,298	-5,254	2,187	30,886	-5,659	-16,179	-3,693	1,753	-16,821	-5,418	-1,979	-6,501	-33,914	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6	3,468	1	3,085	963	1	3,164	2,966	910	2,333	3,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-740	-152	-37,810	-87	-795	-99	-99	-580	-1,521	-108	-8,278	-637	3,437	-441	-1,338	2,388	-1,722	63	-564	4,674	-5,728	-448	-400	5,822	-5,533	-953	-300	-1,518	-700	-434	124,750	0	0	0	128,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	83,841	-6,495	1,555	5,093	6,131	8,740	14,840	-1,529	19,857	1,530	-2,009	-6,124	13,465	-5,381	-15,401	-21,954	5,570	11,657	-11,845	-11,306	3,330	-7,758	-2,913	-13,694	-11,845	-15,583	-31,500	-24,027	-10,443	-16,012	-20,679	-25,180	-7,199	-4,811	-994	-2,657	-4,854	1,078	-37,062	-5,410	-2,210	36,772	-18,619	6,421	4,804	-8,230	17	-7,528	4,327	3,546	390	516	-13,738	-361	4,445	5,319	47	2,577	-7,920	-18,843	13,209	11,965	25,464	13,354	6,639	9,417	6,249	1,116	5,041	4,017	-2,904	-5,147	-2,016	-2,891	-2,530	1,706	10,158	-4,239	-1,768	-2,577	1,370	-7,454	-11,682	-11,667	-13,752	-38,030	-11,124	-14,012	-14,809	-68,809	-34,124	-1,486,602	-1,486,602	-89,671	-87,062	9,327	10,800	7,700	3,900	1,300	600	-800	-2,900	-18,400	600	400	1,800	2,100	2,400	1,700	1,200	600	1,200	1,300	1,100	500
Other Cashflows From Financing Activities	-850	932	2,539	6,353	1,287	-1,931	3,109	-2,693	-445	-336	3,491	-913	-278	-972	9,178	-864	-1,026	111,766	4,172	-497	-64	4,954	-54	-1,775	-2,036	6,149	-179	-2,383	-331	-283	5,631	-1,275	121,174	-22	-98	120	-179	1,131	119	1,562	141	-418	26,512	33,598	121	-6,835	-6,953	-20,536	1,955	-5,850	-10,296	-38,871	9,473	6,448	12,385	4,772	-18,321	20,832	20,811	-66,234	-2,864	831	2,033	39,151	63	-22	-22	-481	-218	-217	-219	-240	-258	-189	-294	-418	520	-53	409	-193	-154	-282	-177	-303	-291	-152	206	63	270	104	2,372	-6,674	-6,674	-8,370	370,946	-13,210	-11,600	-18,400	-1,200	800	1,100	200	-500	-200	-1,900	-1,500	-1,200	-1,500	-1,700	-3,200	-800	-1,000	-500	-1,400	24,100	-1,100
Other Cashflows From Investing Activities	0	0	0	0	0	0	7,962	0	0	0	0	0	0	0	0	0	0	0	0	0	104	8,330	5,519	2,736	288	7,908	5,241	2,599	591	-2,680	-3,457	-69,532	-1,091	-1,091	0	0	-1,091	0	0	0	-12	-111	-698	44,336	0	0	0	0	0	0	-250	0	0	0	0	0	0	0	0	0	0	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,656	0	0	0	0	0	0	0	0	1,506	1,432	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	4,368	2,392	2,514	4,273	3,017	88	-3,126	4,326	3,041	2,261	4,176	1,228	6,817	6,672	6,101	889	5,065	20,727	2,220	2,053	2,760	4,731	1,770	1,736	5,166	1,452	1,518	1,991	2,752	1,148	1,386	2,862	2,312	102	98	154	4,416	291	2,057	463	1,293	1,212	16,895	-12,764	2,210	3,953	-703	-8	2,581	589	1,107	182	274	314	509	586	606	637	937	626	211	1,418	-16,810	1,656	1,795	2,418	1,600	1,209	1,919	1,281	1,523	1,627	90	156	-311	43	-393	-1,008	-1,064	-570	-4,641	21	68	17	-6,356	42	36	624	36,749	14,653	-24	1,380,328	0	1,100	38,700	0	-100	100	-200	100	-100	100	-100	14,100	-100	200	0	0	-100	-200	300	-100	-100	-100	-100	200
Sale Purchase Of Stock	0	-1,932	2,773	-6,353	-1,287	-120	-2,872	-2,141	-1,154	2,333	3,383	-3,000	-3,000	2,227	0	3,000	1,341	3,426	135	2,012	418	1,930	20	2,350	-2,738	2,580	3	2,114	-936	-1	1,670	2,070	-52,856	-7,836	-6,989	-5,182	-6,721	-30,384	-25,571	-30,452	-13,033	-8,124	-86,104	-9,268	-8,251	-7,435	-7,420	2,480	-600	-402	4,130	9,570	0	90	2,090	1,740	0	50	2,160	2,030	0	3,510	2,460	2,400	0	2,960	790	4,540	0	1,870	0	0	0	0	1,870	4,240	0	70	1,030	1,960	0	830	0	860	0	1,370	330	2,120	0	3,920	240	1,860	0	2,520	0	0	0	1,870	64,100	2,240	0	520	490	480	0	530	0	480	0	270	0	0	0	0	0	0
Stock Based Compensation	6,605	7,241	6,059	7,424	5,591	6,460	5,575	7,586	5,193	6,434	4,031	8,398	4,303	3,930	3,548	6,259	3,355	4,096	2,510	2,113	3,087	5,433	3,012	5,757	5,503	3,720	4,136	3,251	4,518	2,680	2,768	3,094	3,737	3,827	3,884	4,134	4,567	4,352	4,561	3,807	4,136	3,945	4,022	3,986	4,804	4,620	4,702	4,800	4,814	5,005	5,092	6,002	5,359	3,517	3,420	3,243	2,942	2,695	2,569	2,374	7,806	13	0	1,520	6,196	0	0	1,209	35	0	0	1,627	35	0	0	5	23	0	0	0	0	0	0	0	0	0	0	0	311	0	0	0	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	-2,007	2,468	-2,031	-3,420	-38,134	-2,139	-893	-1,967	366	1,328	1,581	4,664	-8,311	1,255	3,217	1,730	1,281	5,364	-1,758	1,418	20	6,495	-5,763	1,899	-381	8,371	-5,873	-1,222	77	-1,798	884	685	71,573	-8,382	-4,628	-1,030	-7,035	-29,253	-25,452	-30,267	-13,061	-5,587	-85,794	-6,760	-8,233	-4,529	-7,416	2,479	1,355	-402	4,133	9,570	-59	6,533	14,482	1,736	4	54	2,160	2,025	-2,768	4,342	4,494	2,395	145,108	2,941	770	4,056	543	1,655	-147	1,833	-61	-14	1,569	3,825	654	17	1,441	1,765	71,408	544	-177	560	-710	1,216	531	2,559	514	4,023	2,607	330	330	2,527	768	1,829	1,200	1,900	62,900	3,000	1,200	700	500	300	100	500	300	500	100	200	100	300	-400	-1,400	24,100	-1,100
Total Cash From Operating Activities	6,267	11,044	-16,522	6,270	19,351	-8,219	21,826	-27,482	7,361	15,217	16,761	1,678	41,582	-3,309	11,931	-11,041	30,154	5,787	-8,862	4,216	6,617	2,419	9,872	-6,624	9,034	-8,584	5,710	-3,096	13,355	-4,624	-2,885	-5,408	-2,213	-5,024	11,560	2,028	19,848	742	15,534	11,245	18,625	16,052	24,020	-4,938	20,587	22,012	20,250	7,964	24,788	11,249	16,823	-7,683	16,625	-4,271	8,462	-2,979	20,859	3,350	-8,395	-4,726	41,461	2,047	4,742	11,877	26,019	19,324	2,197	-12,180	8,643	-3,327	5,865	-2,547	7,031	8,236	-7,116	7,903	13,404	-1,813	-16,188	-4,425	7,983	-1,881	-6,160	-5,501	-4,183	-2,528	5,052	-3,745	3,547	-8,129	-34,057	1,159	1,159	-325,609	-32,426	-2,609	17,000	2,500	1,600	700	1,000	-4,900	2,300	-400	5,600	-100	-2,600	-900	300	1,900	1,800	-3,700	2,100	-300	-1,200	1,700
Total Cashflows From Investing Activities	0	-8,221	-1,502	-2,331	-1,861	-1,885	4,896	-2,438	-2,405	-2,885	-4,040	-3,645	-6,029	-5,423	-9,529	-11,224	-5,355	-2,034	-1,265	-1,674	-2,341	-1,418	-1,406	-1,775	-2,036	-3,132	-2,726	3,681	-2,078	-545	-3,053	-64,802	-4,665	-917	-10,593	5,761	18,480	11,551	-99	-2,133	-8,598	-418	25,707	34,403	-18,938	-6,835	-1,240	-20,536	-10,314	-5,850	-10,296	-38,871	0	0	13,917	4,772	0	0	0	0	0	10,618	20,203	39,151	0	0	0	1,225	0	9,292	7,189	4,057	0	0	0	0	0	0	0	0	0	6,485	12,658	10,550	0	0	0	2,457	38,580	34,881	28,311	13,257	342,692	349,366	357,736	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	295,362	309,073	247,407	183,834	179,862	194,349	188,426	205,161	174,315	221,209	241,495	293,909	294,818	227,943	185,206	187,430	177,129	146,238	163,430	143,811	121,673	132,203	202,255	162,218	97,200	49,000	36,400	30,700	19,500
Depreciation And Amortization	12,255	19,607	13,850	15,707	20,414	21,338	22,921	33,655	19,743	36,979	43,970	44,399	44,287	27,415	20,559	13,289	11,999	9,583	11,279	23,302	26,168	34,383	38,910	247,384	6,300	4,300	3,400	2,500	1,800
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	22,172	45,519	18,809	-11,024	13,083	-2,629	-67,792	-52,465	-11,576	-18,810	-21,603	-9,307	11,773	5,142	-12,035	39,305	19,812	-4,444	-6,129	2,263	-30,545	-77,349	-168,787	1,157,221	29,000	5,600	3,800	4,200	3,000
Ebitda	22,172	65,126	32,659	4,683	33,497	18,709	-44,871	-18,810	8,167	18,169	22,367	35,092	56,060	32,557	8,524	52,594	31,811	5,139	5,150	25,565	-4,377	-42,966	-129,877	1,404,605	35,300	9,900	7,200	6,700	4,800
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
Extraordinary Items	0	0	0	0	0	0	-14,527	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	312,545	315,884	259,742	194,997	223,012	209,209	169,820	200,750	202,712	212,348	220,445	236,555	254,514	195,401	134,360	177,533	134,075	101,446	93,948	104,495	60,603	54,429	1,555	100,828	86,900	34,900	38,000	30,200	19,700
Income Before Tax	19,141	44,485	8,871	-26,217	-6,596	-16,948	-84,707	-80,430	-16,068	-21,795	-23,152	-9,085	11,633	5,439	-9,735	45,969	25,521	1,616	-5,294	2,163	-29,133	-76,418	-167,213	-1,672,579	31,600	-21,400	5,200	6,200	4,300
Income Tax Expense	-64,853	16,303	-4,383	3,054	-672	4,087	-1,752	-8,116	-407	24,453	-44,741	1,852	2,854	9,774	14,404	-18,023	2,100	609	437	589	300	500	-806	-18,571	7,900	13,600	300	300	200
Interest Expense	2,696	5,040	10,625	11,509	11,651	11,401	11,078	10,628	615	224	128	222	374	1,082	3,181	9,216	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	10,277	13,726	10,923	10,628	11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	83,994	28,182	13,254	-29,271	-5,924	-21,035	-82,955	-72,314	-15,661	-46,248	37,027	-10,937	8,779	-4,335	-24,139	63,992	23,421	1,007	-5,731	1,574	-29,433	-76,918	-166,407	-1,654,008	23,700	-21,500	4,900	5,900	4,100
Net Income Applicable To Common Shares	0	28,182	13,254	-29,271	-5,924	-21,035	-82,955	-72,314	-15,661	-46,248	37,027	-10,937	8,779	-4,335	0	63,992	23,421	1,007	0	1,574	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	6,284	28,182	13,254	-29,271	-5,924	-21,035	-82,955	-72,314	-15,661	-46,248	21,589	-10,937	8,779	-4,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-3,054	-5,040	-10,625	-11,509	-11,651	-11,401	-11,078	-10,628	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	687	-2,259	-19,679	-11,937	-13,300	-10,659	-615	-224	-128	222	-140	297	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	110	2,322	3,141	2,918	5,307	14,602	1,372	2,761	1,421	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	22,172	45,519	18,809	-11,024	13,083	-5,011	-70,877	-67,036	-12,948	-21,571	-23,024	-9,307	11,773	5,142	-12,035	39,305	19,258	-3,722	-7,044	1,436	-30,545	-77,349	-168,787	-262,907	29,000	-7,900	4,500	5,200	3,800
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
Other Operating Expenses	585,735	576,097	488,230	388,958	386,650	405,651	423,816	458,345	388,603	452,367	483,543	539,771	537,559	418,202	331,601	325,658	291,946	251,406	264,422	246,870	212,821	263,981	372,597	525,953	155,100	91,800	69,900	55,700	35,400
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
Reconciled Depreciation	12,213	12,260	13,053	15,707	19,606	21,338	22,921	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	126,282	120,307	102,231	82,494	84,614	89,163	95,978	98,401	87,545	93,061	99,938	106,219	102,732	77,197	61,435	54,471	42,902	39,455	38,168	35,585	35,107	40,829	51,319	49,315	17,300	13,500	11,700	9,200	6,100
Selling And Marketing Expenses	0	700	1,000	1,100	700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	158,227	146,017	137,085	118,511	118,335	118,952	136,270	144,381	120,960	131,322	134,014	130,938	131,091	108,150	81,138	83,118	70,690	65,243	61,475	59,742	48,309	81,427	106,340	67,036	34,300	25,000	18,400	13,300	0
Tax Provision	19,380	16,303	-4,383	3,054	-672	4,087	-1,752	-8,116	-407	24,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	290,373	267,024	240,823	205,124	206,788	211,302	235,390	253,184	214,288	231,158	242,048	245,862	242,741	190,259	146,395	138,228	114,817	105,168	100,992	103,059	91,148	131,778	170,342	363,735	57,900	42,800	33,500	25,000	15,900
Total Other Income Expense Net	-3,031	-1,034	-9,938	-15,193	-19,679	-3,454	-8,059	-17,368	-3,877	-2,761	-1,421	-293	-514	-785	-881	-2,552	-554	722	-915	-827	1,412	931	1,574	-1,420,128	2,600	-13,500	700	1,000	800
Total Revenue	607,907	624,957	507,149	378,831	402,874	403,558	358,246	405,911	377,027	433,557	461,940	530,464	549,332	423,344	319,566	364,963	311,204	247,684	257,378	248,306	182,276	186,632	203,810	263,046	184,100	83,900	74,400	60,900	39,200

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	88,329	65,519	71,023	73,595	78,637	77,134	75,045	78,257	77,866	60,167	52,943	56,431	59,966	45,968	36,221	41,679	60,483	40,185	40,937	38,257	53,334	50,514	47,557	42,944	52,402	44,989	48,500	42,535	55,409	50,043	58,531	41,178	39,535	37,074	48,718	48,988	51,084	54,633	59,772	55,720	60,626	66,126	59,236	55,507	68,016	76,778	75,056	74,059	76,760	74,910	72,168	70,980	76,813	57,252	49,862	44,016	47,308	47,781	47,746	42,371	48,686	47,259	46,488	44,998	46,675	46,652	40,717	43,084	45,174	33,059	31,664	36,341	41,633	39,564	36,365	45,868	45,806	30,072	34,715	33,219	33,885	32,593	28,901	26,294	29,769	27,091	37,074	38,269	40,293	69,877	41,051	47,592	47,592	40,316	42,883	31,351	31,900	28,000	20,600	16,700	15,700	12,800	10,500	10,000	8,400	8,700	10,000	9,300	9,900	8,100	7,000	5,700	5,000	5,300	4,900	4,300
Depreciation And Amortization	3,077	3,089	3,059	2,820	4,028	3,314	7,922	3,111	3,151	3,231	3,107	3,564	3,810	752	3,499	4,498	4,884	4,844	4,949	4,929	5,147	5,226	5,410	5,555	5,644	5,994	5,615	5,668	7,746	3,009	9,959	6,100	4,629	4,745	4,969	5,400	5,960	9,667	10,459	10,893	11,036	10,989	10,872	11,073	11,058	11,045	10,959	11,337	11,214	11,157	11,142	10,774	11,815	5,965	4,686	4,949	5,038	5,786	1,534	3,741	3,328	3,290	3,317	3,354	3,249	3,252	2,734	2,764	3,192	1,940	2,031	2,420	2,690	2,491	2,288	3,810	5,828	5,743	5,797	5,934	6,349	6,259	6,770	6,790	7,153	7,301	9,907	10,022	9,164	10,363	10,037	92,193	92,193	91,984	61,491	1,716	2,300	1,500	1,300	1,200	1,000	1,100	1,100	1,100	900	900	800	800	700	700	500	600	700	400	400	300
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	91	-396	15,924	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,606	-7,534	9,826	11,180	16,477	11,424	15,082	3,768	15,241	5,158	1,989	-2,782	17,441	-974	-9,845	-17,646	8,653	21,816	-7,916	-8,662	7,701	-3,029	1,472	-8,773	-7,262	-12,676	-27,464	-20,390	-6,141	-12,288	-14,312	-18,153	-5,615	-5,463	27	57	-222	-3,150	-8,365	-6,924	-502	-2,037	-4,362	-14,443	2,694	-949	-2,395	-8,657	7,116	3,840	1,393	-87	-3,106	1,572	4,097	2,461	3,487	-571	-4,172	-10,790	7,976	12,508	9,681	11,692	4,831	9,513	5,071	397	2,803	2,663	-4,129	-5,780	-1,897	-2,995	-2,594	1,354	9,887	-3,792	-981	-2,890	838	-7,611	-12,020	22,499	-13,994	48,364	-11,414	29,268	-13,713	56,970	-34,660	1,256,100	-124,228	-99,124	-13,678	13,923	13,400	9,400	3,800	1,700	500	-1,200	-2,900	9,300	-300	200	1,900	1,900	1,900	1,500	600	200	700	900	900	500
Ebitda	12,683	-4,445	12,885	14,000	20,505	14,738	23,004	6,879	18,392	8,389	5,096	782	21,251	-222	-6,346	-13,148	13,537	26,660	-2,967	-3,733	12,848	2,197	6,882	-3,218	-1,618	-6,682	-21,849	-14,722	1,605	-9,279	-4,353	-12,053	-986	-718	4,996	5,457	5,738	6,517	2,094	3,969	10,534	8,952	6,510	-3,370	13,752	10,096	8,564	2,680	18,330	14,997	12,535	10,687	8,709	7,537	8,783	7,410	8,525	5,215	-2,638	-7,049	11,304	15,798	12,998	15,046	8,080	12,765	7,805	3,161	5,995	4,603	-2,098	-3,360	793	-504	-306	5,164	15,715	1,951	4,816	3,044	7,187	-1,352	-5,250	29,289	-6,841	55,665	-1,507	39,290	-4,549	67,333	-24,623	1,348,293	-32,035	-7,140	47,813	15,639	15,700	10,900	5,100	2,900	1,500	-100	-1,800	10,400	600	1,100	2,700	2,700	2,600	2,200	1,100	800	1,400	1,300	1,300	800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	78,763	61,684	84,940	84,054	85,697	78,604	82,401	69,182	77,938	66,154	60,505	55,145	71,562	48,924	37,773	36,738	61,695	75,540	43,928	41,849	60,321	50,102	51,603	47,183	48,572	47,025	33,815	40,408	57,693	51,363	51,040	40,654	47,068	46,231	54,385	55,028	56,791	53,428	49,817	52,312	59,596	56,792	57,892	46,165	65,411	59,904	57,578	53,662	66,870	63,961	61,828	61,855	61,382	47,532	45,682	40,806	39,349	36,080	33,547	25,385	48,206	44,196	42,852	42,279	40,715	35,643	30,565	27,152	30,164	29,797	21,606	19,880	22,107	21,396	23,397	27,047	39,773	20,538	22,296	21,887	22,444	14,660	12,752	10,747	9,503	9,928	19,235	15,763	16,440	-12,404	8,279	4,457	4,457	27,855	37,080	31,512	31,400	24,600	17,300	13,600	11,400	9,600	7,700	6,200	8,900	8,800	10,500	9,700	9,600	8,600	6,500	5,500	5,700	5,400	4,700	3,900
Income Before Tax	8,813	-8,879	9,026	10,181	15,336	10,022	17,962	1,165	12,468	2,472	-641	-5,428	13,426	-4,595	-13,823	-21,225	3,917	12,260	-11,148	-11,625	4,578	-6,888	-2,022	-12,616	-12,029	-17,498	-30,921	-24,259	-19,077	-16,254	-20,437	-24,662	-6,779	-6,079	-267	-2,943	-2,201	-3,752	-8,709	-7,133	-1,197	-2,278	-4,707	-14,970	2,434	-985	-2,399	-8,135	6,256	4,311	1,168	-102	-2,762	1,332	4,396	2,474	3,928	-200	-3,537	-9,926	8,584	11,894	11,210	14,281	7,932	10,167	6,075	1,347	5,168	4,119	-2,698	-4,972	-1,604	-2,902	-2,566	1,778	10,447	-4,138	-1,668	-2,477	1,370	-7,354	-11,582	-11,567	-13,752	-38,030	-11,124	-13,512	-13,441	-69,486	-34,802	-1,503,412	-1,503,412	-97,947	-86,264	15,044	14,400	10,300	5,200	1,800	700	-800	-2,900	-18,300	100	500	2,100	2,500	2,500	1,800	1,200	600	1,200	1,500	1,100	0
Income Tax Expense	-75,028	-2,384	7,471	5,088	9,205	1,282	3,122	2,694	-7,389	942	1,368	696	-39	786	1,578	729	-1,653	603	697	-319	1,248	870	891	1,078	-184	-1,915	579	-232	-8,634	-242	242	518	420	-1,268	727	-286	2,653	-4,830	28,353	-1,723	982	-38,953	-1,303	-5,467	-2,370	7,245	-2,416	-607	1,929	765	778	-618	10,976	1,693	-49	-2,845	3,881	-2,777	4,382	8,917	-4,625	-71	-14,254	927	1,293	750	-174	231	127	103	205	175	412	-11	-36	72	289	100	100	100	-300	100	100	100	-500	0	-500	500	1,368	-677	-678	-16,810	-16,810	-8,277	799	5,717	3,600	2,600	1,300	500	0	-200	0	13,900	-500	100	300	400	100	100	100	-200	-200	100	100	0
Interest Expense	571	619	800	706	929	1,284	1,394	1,433	2,706	2,686	2,630	2,603	2,737	2,807	3,062	2,903	2,789	3,000	2,956	2,906	2,909	2,872	2,863	2,757	3,014	2,794	2,680	2,590	2,822	2,734	2,651	2,421	418	178	76	451	39	214	60	89	199	277	103	103	260	128	116	119	118	90	74	92	108	165	425	384	417	583	823	1,358	0	2,300	2,200	3,000	0	1,200	1,000	1	0	1,200	0	2	0	0	600	500	0	400	300	500	0	100	185	185	0	406	290	7	0	112	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	551	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	83,841	-6,495	1,555	5,093	6,131	8,740	14,840	-1,529	19,857	1,530	-2,009	-6,124	13,465	-5,381	-15,401	-21,954	5,570	11,657	-11,845	-11,306	3,330	-7,758	-2,913	-13,694	-11,845	-15,583	-31,500	-24,027	-10,443	-16,012	-20,679	-25,180	-7,199	-4,811	-994	-2,657	-4,854	1,078	-37,062	-5,410	-2,360	36,766	-3,800	6,421	4,804	-8,230	17	-7,528	4,327	3,546	390	516	-13,738	-361	4,445	5,319	47	2,577	-7,919	-18,843	13,209	11,965	25,464	13,354	6,639	9,417	6,249	1,116	5,041	4,016	-2,903	-5,147	-2,016	-2,891	-2,530	1,706	10,158	-4,238	-1,768	-2,577	1,370	-7,454	-11,682	-11,667	-13,752	-38,030	-11,124	-14,012	-14,809	-68,809	-34,124	-1,486,602	-1,486,602	-89,670	-87,063	9,327	10,800	7,700	3,900	1,300	600	-800	-2,900	-18,400	600	400	1,800	2,100	2,400	1,700	1,100	600	1,200	1,400	1,000	500
Net Income Applicable To Common Shares	0	-6,495	1,555	5,093	6,131	8,740	14,840	-1,529	19,857	1,530	-2,009	-6,124	13,465	-5,381	-15,401	-21,954	5,570	11,657	-11,845	-11,306	3,330	-7,758	-2,913	-13,694	-11,845	-15,583	-31,500	-24,027	-10,443	-16,012	-20,679	-25,180	-7,199	-4,811	-994	-2,657	-4,854	1,078	-37,062	-5,410	-2,360	36,675	-3,800	6,421	4,804	-8,230	17	-7,528	4,327	3,546	390	516	0	-361	4,445	5,319	47	2,577	0	0	13,209	11,965	25,464	13,354	6,639	9,417	6,249	1,116	5,041	4,017	0	0	0	0	-1,706	1,706	10,158	0	0	0	1,370	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,327	9,327	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	83,841	-6,495	1,555	5,093	6,131	8,740	14,840	-1,529	19,857	1,530	-2,009	-6,124	13,465	-5,381	-15,401	-21,954	5,570	11,657	-11,845	-11,306	3,330	-7,758	-2,913	-13,694	-11,845	-15,583	-31,500	-24,027	-10,443	-16,012	-20,679	-25,180	-7,199	-4,811	-994	-2,657	-4,854	1,078	-37,062	-5,410	-2,179	36,675	-3,404	-9,503	4,804	-8,230	17	-7,528	4,327	3,546	390	516	0	-361	4,445	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-571	-619	-800	-706	-929	-1,284	-1,394	-1,433	-2,706	-2,686	-2,630	-2,603	-2,737	-2,807	-3,062	-2,903	-2,789	-3,000	-2,956	-2,906	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-136	-293	0	-118	4,274	62	28	-213	-147	1,019	-612	-167	-1,207	-273	-11,651	-7,289	-428	-311	-11,239	-365	199	-532	-11,472	-498	-819	-511	-7,919	-1,587	332	-1,485	2,087	178	76	-2,956	-39	-214	-60	89	-199	277	-103	-103	-260	-36	-4	522	-371	471	-225	-15	0	-240	299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	83	0	335	631	1,170	67	0	0	43	750	814	82	676	1,947	861	276	57	1,931	987	-1,086	1,086	-1,287	10,933	-5,618	1,279	6,569	16,578	1,903	2,612	746	397	185	44	1,940	388	284	149	496	259	242	424	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,606	-8,603	9,962	11,180	16,477	11,424	15,082	3,768	15,146	5,371	2,136	-3,844	16,775	-1,621	-9,554	-18,049	6,706	22,549	-7,764	-8,408	7,325	-3,651	642	-9,327	-8,091	-14,206	-27,422	-21,158	-16,229	-11,933	-18,118	-20,756	-6,361	-6,257	-343	13	-2,162	-3,538	-8,649	-7,222	-998	-2,555	-4,604	-14,867	2,694	-949	-2,395	-8,657	6,627	3,840	1,393	-87	-2,988	1,572	4,097	2,461	3,499	-571	-4,172	-10,790	7,446	11,058	9,323	11,478	4,935	8,871	5,078	374	3,352	2,800	-4,001	-5,872	-2,169	-3,283	-2,898	1,305	9,964	-4,161	-1,477	-2,890	838	-7,611	-12,020	22,499	-13,994	48,364	-11,414	29,268	-13,713	56,970	-34,660	-124,228	-124,228	-100,224	-52,378	13,923	13,400	9,400	4,500	1,700	600	-1,000	-2,900	-4,500	-100	300	2,000	2,100	2,200	1,700	900	400	1,000	1,200	1,000	500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	157,486	135,080	146,001	146,386	146,652	143,979	141,733	143,733	140,591	120,950	111,312	115,377	114,003	95,699	83,466	95,790	113,525	92,315	92,353	88,457	106,116	103,280	97,887	98,368	107,842	104,192	108,960	102,822	119,217	113,366	125,786	99,976	92,218	89,165	103,261	103,959	108,097	111,211	117,954	115,105	120,724	125,214	121,490	116,115	130,733	137,631	135,029	136,378	137,003	135,031	132,603	132,922	141,183	103,212	91,447	82,361	83,158	84,432	85,465	78,546	89,446	80,397	80,017	75,799	82,455	73,424	66,204	69,862	71,986	60,056	57,271	62,093	65,909	64,243	62,660	71,610	75,615	54,771	58,488	57,996	55,491	54,864	53,673	14,542	53,266	11,345	67,723	24,764	70,446	503	83,990	176,277	176,277	168,395	132,341	48,940	49,900	43,200	33,400	28,600	26,500	23,400	21,100	20,700	17,400	17,200	18,500	16,900	17,300	15,000	12,600	10,800	9,700	9,500	8,600	7,700
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	3,077	3,089	3,059	3,030	3,035	3,097	3,017	3,111	3,151	3,231	3,107	3,564	3,810	3,900	3,499	4,498	4,884	4,844	4,949	4,929	5,147	5,226	5,410	5,555	5,644	5,994	5,615	5,668	7,746	9,850	9,959	6,100	4,629	4,745	4,969	5,400	5,960	9,667	10,459	10,893	11,036	10,989	10,872	11,073	11,058	11,045	10,959	11,337	11,214	26,249	3,421	3,403	11,815	5,965	4,686	4,949	5,038	5,786	5,994	3,741	3,328	3,290	3,317	3,354	3,249	3,252	2,734	2,764	3,192	1,940	2,031	2,420	2,690	2,491	2,288	3,810	5,828	5,743	5,797	5,934	6,349	6,259	6,770	6,790	7,153	7,301	9,907	10,022	9,164	10,363	10,037	92,193	92,193	91,984	61,491	1,716	1,000	1,500	1,300	1,200	1,000	1,100	1,100	1,100	900	900	800	800	700	700	500	600	700	400	400	300
Research Development	27,175	30,316	32,205	33,509	31,088	30,466	29,920	28,833	27,368	26,552	24,783	23,528	20,667	20,206	19,498	22,123	21,703	20,197	21,313	21,401	21,913	22,251	21,542	23,457	22,752	21,289	27,055	24,882	24,129	24,202	26,507	23,563	21,721	21,679	21,816	22,329	22,885	22,803	23,485	23,888	24,307	24,560	25,820	25,251	26,225	26,524	25,641	27,829	25,283	25,638	25,662	26,149	24,251	19,002	16,977	16,966	15,610	15,879	15,450	14,496	14,207	13,724	13,347	13,193	11,287	11,018	9,605	10,992	9,901	10,021	9,585	9,948	9,787	9,403	9,519	9,459	10,076	8,348	8,311	8,850	8,962	9,211	8,431	8,503	9,178	9,737	10,795	11,119	9,872	11,932	14,013	15,310	15,310	16,036	11,951	6,018	5,300	4,800	3,500	3,700	3,300	3,500	3,200	3,400	3,200	2,900	2,900	2,800	2,700	2,600	2,000	1,900	1,600	1,800	1,500	1,300
Selling And Marketing Expenses	0	0	0	0	700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	41,982	39,245	42,773	39,282	36,227	36,379	36,768	36,643	35,357	34,231	33,586	32,615	32,615	28,773	27,005	31,218	30,557	31,148	29,319	28,011	30,078	29,700	28,000	31,200	31,893	37,100	32,625	34,631	38,883	36,112	36,500	32,900	29,517	29,000	31,300	31,200	32,682	32,100	33,000	33,500	33,794	32,500	34,400	33,300	34,335	31,100	31,300	31,400	32,730	32,254	32,500	33,600	37,233	26,000	24,100	20,800	19,707	19,400	20,700	21,300	26,393	19,300	20,000	17,400	24,333	14,900	15,800	15,700	16,620	16,900	15,979	15,713	14,373	15,166	16,600	15,300	17,800	14,400	13,500	14,000	10,711	11,100	14,400	12,100	12,386	36,700	17,000	15,300	17,262	41,600	25,800	21,182	21,182	20,100	16,016	9,855	6,500	8,900	8,000	7,000	6,500	6,000	6,300	6,200	4,900	4,700	4,800	4,000	4,000	3,600	0	0	0	0	0	0
Tax Provision	-75,028	-2,384	7,471	5,088	9,205	1,282	3,122	2,694	-7,389	942	1,368	696	-39	786	1,578	729	-1,653	603	697	-319	1,248	870	891	1,078	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	69,157	69,561	74,978	72,791	68,015	66,845	66,688	65,476	62,725	60,783	58,369	58,946	54,037	49,731	47,245	54,111	53,042	52,130	51,416	50,200	52,782	52,766	50,330	55,424	55,440	59,203	60,460	60,287	63,808	63,323	67,255	58,798	52,683	52,091	54,543	54,971	57,013	56,578	58,182	59,385	60,098	59,088	62,254	60,608	62,717	60,853	59,973	62,319	60,243	60,121	60,435	61,942	64,370	45,960	41,585	38,345	35,850	36,651	37,719	36,175	40,760	33,138	33,529	30,801	35,780	26,772	25,487	26,778	26,812	26,997	25,607	25,752	24,276	24,679	26,295	25,742	29,809	24,699	23,773	24,777	21,606	22,271	24,772	-11,752	23,497	-38,436	30,649	-13,505	30,153	-69,374	42,939	128,685	128,685	128,079	89,458	17,589	18,000	15,200	12,800	11,900	10,800	10,600	10,600	10,700	9,000	8,500	8,500	7,600	7,400	6,900	5,600	5,100	4,700	4,200	3,700	3,400
Total Other Income Expense Net	-793	-383	-136	-999	-1,141	-1,402	2,880	-2,603	-39	-213	-147	976	-1,362	-981	-1,289	-949	-1,947	-8,150	-704	-368	-52	-1,352	-432	-1,618	-2,147	-2,526	-1,596	-1,790	-10,140	-1,560	-1,571	-4,097	-746	-397	-185	-2,549	-1,940	-388	-284	-149	-496	-259	-242	-424	-412	-164	-120	403	-489	381	-299	-107	118	-405	-126	-371	12	-212	-188	864	-530	-1,450	-358	-214	104	-642	7	-23	549	137	128	-92	-272	-288	-304	-49	77	-369	-496	413	532	257	438	-34,066	242	-86,394	290	-42,780	272	-126,456	-142	-1,380,328	-1,380,328	-1,100	-38,700	1,121	1,000	900	700	100	100	200	0	-13,800	200	100	100	200	300	200	300	200	300	300	100	0
Total Revenue	167,092	127,203	155,963	157,649	164,334	155,738	157,446	147,439	155,804	126,321	113,448	111,576	131,528	94,892	73,994	78,417	122,178	115,725	84,865	80,106	113,655	100,616	99,160	90,127	100,974	92,014	82,315	82,943	113,102	101,406	109,571	81,832	86,603	83,305	103,103	104,016	107,875	108,061	109,589	108,032	120,222	122,918	117,128	101,672	133,427	136,682	132,634	127,721	143,630	138,871	133,996	132,835	138,195	104,784	95,544	84,822	86,657	83,861	81,293	67,756	96,892	91,455	89,340	87,277	87,390	82,295	71,282	70,236	75,338	62,856	53,270	56,221	63,740	60,960	59,762	72,915	85,579	50,610	57,011	55,106	56,329	47,253	41,653	37,041	39,272	37,019	56,309	54,032	56,733	57,473	49,330	52,049	52,049	68,171	79,963	62,863	63,300	52,600	37,900	30,300	27,100	22,400	18,200	16,200	17,300	17,500	20,500	19,000	19,500	16,700	13,500	11,200	10,700	10,700	9,600	8,200

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

Gross Profit (+$)
totalRevenue	607,907
Cost of Revenue	-295,362
Gross Profit	312,545	312,545

Operating Income (+$)
Gross Profit	312,545
Operating Expense	-290,373
Operating Income	22,172	22,172

Operating Expense (+$)
Research Development	126,282
Selling General Administrative	158,227
Selling And Marketing Expenses	0
Operating Expense	290,373	284,509

Net Interest Income (+$)
Interest Income	0
Interest Expense	-2,696
Other Finance Cost	-358
Net Interest Income	-3,054

Pretax Income (+$)
Operating Income	22,172
Net Interest Income	-3,054
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	19,141	25,203 EBIT - interestExpense = 19,476 19,141 86,690
Interest Expense	2,696
Earnings Before Interest and Taxes (EBIT)	22,172	21,837
Earnings Before Interest and Taxes (EBITDA)	22,172

After tax Income (+$)
Income Before Tax	19,141
Tax Provision	-19,380
Net Income From Continuing Ops	6,284	-239
Net Income	83,994
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	585,735
Total Other Income/Expenses Net	-3,031	3,054

Technical Analysis of Harmonic Inc
The psychology behind the price

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

General trend

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

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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

Score

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

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: 9.75 < 11.07 < 12.32.

The bearish price targets are: 9.18 > 8.89 > 8.8.

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Harmonic Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Harmonic Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

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

Harmonic Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

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

Harmonic Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

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

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 Harmonic Inc.

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Harmonic Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

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

Harmonic Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

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

Harmonic Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

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

Harmonic Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

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

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 Harmonic Inc.

Harmonic Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

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

Harmonic Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

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

Harmonic Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

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

Harmonic Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Harmonic Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	9.220
Total			1/1 (100.0%)

Create your own Symbol Scanner

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Quick analysis of Harmonic Inc (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Harmonic Inc (5 min.)

$9.20

$3.78

$-12.95 - $-1.20

$-9.17 - $2.58

2. Growth of Harmonic Inc (5 min.)

Is Harmonic Inc growing?

How much money is Harmonic Inc making?

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

3. Financial Health of Harmonic Inc (5 min.)

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

Industry Rankings (Communication Equipment)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Harmonic Inc

About Harmonic Inc

Financial Health

Valuation

1.1. Profitability of Harmonic Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Communication Equipment)

1.1.2. Return on Assets

Trends

Compared to industry (Communication Equipment)

1.1.3. Return on Equity

Trends

Compared to industry (Communication Equipment)

1.2. Operating Efficiency of Harmonic Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Communication Equipment)

1.2.2. Operating Ratio

Trends

Compared to industry (Communication Equipment)

1.3. Liquidity of Harmonic Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Communication Equipment)

1.3.2. Quick Ratio

Trends

Compared to industry (Communication Equipment)

1.4. Solvency of Harmonic Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Communication Equipment)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Communication Equipment)

2. Market Valuation of Harmonic Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Communication Equipment)

Harmonic Inc
Buy, Hold or Sell?