Kingsway Financial Services Inc
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Let's analyse Kingsway Financial Services Inc together

Penke I guess you are interested in Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc (30 sec.)

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

How much money do you get?

$0.61

When do you have the money?

1 year

How often do you get paid?

25.0%

What is your share worth?

Current worth

$0.88

Expected worth in 1 year

$0.96

How sure are you?

45.0%

+ What do you gain per year?

Total Gains per Share

$0.69

Return On Investment

8.0%

For what price can you sell your share?

Current Price per Share

$8.70

Expected price per share

$8 - $10.60

How sure are you?

50%

1. Valuation of Kingsway Financial Services Inc (5 min.)

Live pricePrice per Share (EOD)

$8.70

Book Value per Share

$0.88

Intrinsic Value Per Share

$-32.65 - $-9.96

Total Value Per Share

$-31.78 - $-9.08

My calculation of the intrinsic value of Kingsway Financial Services 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: ($-0.09) 3Y: ($-0.06) TTM: ($-0.23)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.01) 3Y: ($-0.05) TTM: ($-0.17)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.86	$-0.36	$-1.21 - $-0.43
2	$-2.45	$-0.88	$-2.07 - $-0.62
3	$-4.68	$-1.56	$-2.93 - $-0.80
4	$-7.49	$-2.38	$-3.79 - $-0.99
5	$-10.79	$-3.35	$-4.65 - $-1.18
6	$-14.52	$-4.44	$-5.50 - $-1.36
7	$-18.62	$-5.66	$-6.36 - $-1.55
8	$-23.05	$-6.99	$-7.22 - $-1.74
9	$-27.74	$-8.42	$-8.08 - $-1.92
10	$-32.65	$-9.96	$-8.94 - $-2.11

2. Growth of Kingsway Financial Services Inc (5 min.)

Is Kingsway Financial Services Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$24.6m	$24.4m	$628k	2.5%

How much money is Kingsway Financial Services Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$6.3m	$7.1m	-$768.7k	-12.0%
Net Profit Margin	23.6%	11.5%	-	-

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

Quarterly Yearly

3. Financial Health of Kingsway Financial Services Inc (5 min.)

4. Comparing to competitors in the Auto & Truck Dealerships industry (5 min.)

Industry Rankings (Auto & Truck Dealerships)

Richest
#59 / 65

Most Revenue
#61 / 65

Most Profit
#32 / 65

Most Efficient
#4 / 65

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

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

What can you expect buying and holding a share of Kingsway Financial Services Inc?

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

Speculation

The Price per Share of Kingsway Financial Services Inc is $8.7. 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 Kingsway Financial Services 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 Kingsway Financial Services 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 $0.88. Based on the TTM, the Book Value Change Per Share is $0.02 per quarter. Based on the YOY, the Book Value Change Per Share is $0.07 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.15 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Kingsway Financial Services 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	0.01	0.1%	0.23	2.6%	0.22	2.5%	0.06	0.7%	-0.02	-0.2%
Usd Book Value Change Per Share	-0.13	-1.4%	0.02	0.3%	0.07	0.8%	0.01	0.1%	-0.01	-0.1%
Usd Dividend Per Share	0.19	2.2%	0.15	1.7%	0.00	0.0%	0.03	0.4%	0.03	0.3%
Usd Total Gains Per Share	0.07	0.8%	0.17	2.0%	0.07	0.8%	0.04	0.5%	0.02	0.2%
Usd Price Per Share	8.40	-	8.23	-	6.52	-	5.05	-	5.04	-
Price to Earnings Ratio	345.35	-	64.05	-	-8.53	-	11.21	-	3.88	-
Price-to-Total Gains Ratio	120.16	-	26.86	-	-1.02	-	-108.19	-	-53.24	-
Price to Book Ratio	9.60	-	9.30	-	9.45	-	7.11	-	5.07	-
Price-to-Total Gains Ratio	120.16	-	26.86	-	-1.02	-	-108.19	-	-53.24	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	8.7
Number of shares	114

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.03
Usd Book Value Change Per Share	0.02	0.01
Usd Total Gains Per Share	0.17	0.04
Gains per Quarter (114 shares)	19.78	4.98
Gains per Year (114 shares)	79.13	19.93

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	69	10	69	15	5	10
2	138	20	148	30	10	30
3	207	30	227	44	15	50
4	276	40	306	59	21	70
5	345	50	385	74	26	90
6	414	61	464	89	31	110
7	483	71	543	103	36	130
8	552	81	622	118	41	150
9	621	91	701	133	46	170
10	690	101	780	148	51	190

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	2.0	2.0	0.0	50.0%	5.0	7.0	0.0	41.7%	6.0	14.0	0.0	30.0%	11.0	29.0	0.0	27.5%	62.0	50.0	0.0	55.4%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	5.0	7.0	0.0	41.7%	9.0	11.0	0.0	45.0%	17.0	23.0	0.0	42.5%	65.0	47.0	0.0	58.0%
Dividend per Share	3.0	0.0	1.0	75.0%	4.0	0.0	8.0	33.3%	5.0	0.0	15.0	25.0%	10.0	0.0	30.0	25.0%	30.0	0.0	82.0	26.8%
Total Gains per Share	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	10.0	10.0	0.0	50.0%	18.0	22.0	0.0	45.0%	66.0	46.0	0.0	58.9%

Fundamentals of Kingsway Financial Services Inc

About Kingsway Financial Services Inc

https://kingsway-financial.com
Auto & Truck Dealerships
397
10 S. Riverside Plaza, Chicago, IL, United States, 60606
Google Maps Bing Maps

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies, as well as after-market vehicle protection services. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, Securities and Exchange Commission reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. This segment also provides financial executive services for project and interim staffing engagements; search services for permanent placements; healthcare staffing services to acute healthcare facilities for short-term and day-to-day needs of hospitals; software products for the management needs of all types of shared-ownership properties; and fully managed outsourced cardiac telemetry services, as well as provides mobile monitors to the hospitals. The company offers its products and services through credit unions and dealers. Kingsway Financial Services Inc. was incorporated in 1989 and is headquartered in Chicago, Illinois.

Fundamental data was last updated by Penke on 2024-04-04 17:21:02.

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 efficient in making profit.

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Kingsway Financial Services Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Kingsway Financial Services Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
A Net Profit Margin of 0.6% means that $0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Kingsway Financial Services Inc:

The MRQ is 0.6%. The company is not making a profit/loss.
The TTM is 23.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	0.6%	TTM	23.6%	-23.0%
TTM	23.6%	YOY	11.5%	+12.0%
TTM	23.6%	5Y	-7.5%	+31.1%
5Y	-7.5%	10Y	-9.9%	+2.4%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.6%	1.6%	-1.0%
TTM	23.6%	2.0%	+21.6%
YOY	11.5%	3.2%	+8.3%
5Y	-7.5%	2.3%	-9.8%
10Y	-9.9%	2.7%	-12.6%

Measures how much net profit Kingsway Financial Services Inc earns for each $1 of revenue.

Revenue is the amount of profit Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
Can be used to compare companies within the Auto & Truck Dealerships industry.

You typically want a high profit margin. This means that for each $1 in sales, Kingsway Financial Services Inc makes more profit. This shows the investor how efficiently Kingsway Financial Services Inc is operating in general and compared to other companies in the same industry. Kingsway Financial Services Inc operates in the Auto & Truck Dealerships industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Kingsway Financial Services Inc. If profit margins remain low (compared to the Auto & Truck Dealerships 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 Kingsway Financial Services Inc is 0.01. This means that Kingsway Financial Services Inc earned $0.01 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 Auto & Truck Dealerships industry is 1.6%.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc with other companies in the same industry (Auto & Truck Dealerships).
Net profit margin should rise over the years.
Can be influenced when Kingsway Financial Services Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc = 171
Total revenue MRQ Kingsway Financial Services Inc = 29,875
$171 / $29,875 = 0.01 or 0.6%

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 Kingsway Financial Services Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
0.1% Return on Assets means that Kingsway Financial Services Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Kingsway Financial Services Inc:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is 3.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	3.2%	-3.1%
TTM	3.2%	YOY	1.2%	+2.0%
TTM	3.2%	5Y	0.6%	+2.5%
5Y	0.6%	10Y	0.0%	+0.7%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	1.0%	-0.9%
TTM	3.2%	1.2%	+2.0%
YOY	1.2%	2.0%	-0.8%
5Y	0.6%	1.7%	-1.1%
10Y	0.0%	1.7%	-1.7%

Shows how efficient Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Kingsway Financial Services Inc is using its resources to generate profit. If the return on assets (0.1%) from Kingsway Financial Services Inc are higher than the Auto & Truck Dealerships mean (1.0%) that means Kingsway Financial Services 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 Kingsway Financial Services Inc is 0.1%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Auto & Truck Dealerships industry is 1.0%.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Kingsway Financial Services Inc = 171
Total assets MRQ (balance sheet) from Kingsway Financial Services Inc = 206,732
171 / 206,732 = 0.00 or 0.1%

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

Above 15%-20% is considered healthy but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
0.6% Return on Equity means Kingsway Financial Services Inc generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Kingsway Financial Services Inc:

The MRQ is 0.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 22.0%. Using its investors money, the company is efficient in making profit. +1

Trends

Current period		Compared to		+/-
MRQ	0.6%	TTM	22.0%	-21.4%
TTM	22.0%	YOY	-25.2%	+47.2%
TTM	22.0%	5Y	-56.0%	+78.0%
5Y	-56.0%	10Y	-33.3%	-22.7%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.6%	2.8%	-2.2%
TTM	22.0%	3.9%	+18.1%
YOY	-25.2%	5.2%	-30.4%
5Y	-56.0%	4.1%	-60.1%
10Y	-33.3%	4.5%	-37.8%

Shows how efficient Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Auto & Truck Dealerships 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 Kingsway Financial Services Inc is 0.6%. This means Kingsway Financial Services Inc generated $0.01 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Auto & Truck Dealerships industry is 2.8%.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services Inc up to 10 years back (depending if Kingsway Financial Services 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 Kingsway Financial Services Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Kingsway Financial Services Inc = 171
Shareholders equity (balance sheet) MRQ Kingsway Financial Services Inc = 27,709
171 / 27,709 = 0.01 or 0.6%

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

1.2. Operating Efficiency of Kingsway Financial Services Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Kingsway Financial Services Inc is operating .

Measures how much profit Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
An Operating Margin of -3.8% means the company generated $-0.04 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Kingsway Financial Services Inc:

The MRQ is -3.8%. The company is operating very inefficient. -2
The TTM is -4.5%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-3.8%	TTM	-4.5%	+0.7%
TTM	-4.5%	YOY	13.5%	-17.9%
TTM	-4.5%	5Y	-5.5%	+1.0%
5Y	-5.5%	10Y	-5.4%	0.0%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	-3.8%	3.7%	-7.5%
TTM	-4.5%	3.7%	-8.2%
YOY	13.5%	5.3%	+8.2%
5Y	-5.5%	3.9%	-9.4%
10Y	-5.4%	3.9%	-9.3%

Measures how efficient Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Kingsway Financial Services 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 Kingsway Financial Services Inc is -3.8%. This means that Kingsway Financial Services Inc earned $-0.04 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Auto & Truck Dealerships industry is 3.7%.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Kingsway Financial Services Inc = -1,135
Total revenue MRQ Kingsway Financial Services Inc = 29,875
$-1,135 / $29,875 = -0.04 or -3.8%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Kingsway Financial Services Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
An Operation Ratio of 1.04 means that the operating costs are $1.04 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Kingsway Financial Services Inc:

The MRQ is 1.038. The company is inefficient in keeping operating costs low. -1
The TTM is 0.968. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	1.038	TTM	0.968	+0.070
TTM	0.968	YOY	1.617	-0.649
TTM	0.968	5Y	1.895	-0.926
5Y	1.895	10Y	1.327	+0.567

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	1.038	1.226	-0.188
TTM	0.968	1.173	-0.205
YOY	1.617	1.029	+0.588
5Y	1.895	1.092	+0.803
10Y	1.327	1.151	+0.176

Measures how efficient Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Kingsway Financial Services Inc is 103.8%. This means that Kingsway Financial Services Inc earned $1.04 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 Auto & Truck Dealerships industry is 1.23.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services 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
(15,966 +15,044) \ 29,875 = 1.04

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 Kingsway Financial Services Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Kingsway Financial Services Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Kingsway Financial Services Inc:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	49.227	-49.227
TTM	49.227	YOY	30.761	+18.466
TTM	49.227	5Y	28.050	+21.177
5Y	28.050	10Y	270.650	-242.599

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	-	1.351	-1.351
TTM	49.227	1.418	+47.809
YOY	30.761	1.481	+29.280
5Y	28.050	1.374	+26.676
10Y	270.650	1.265	+269.385

Measures if Kingsway Financial Services 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 Auto & Truck Dealerships 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 Kingsway Financial Services 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 Kingsway Financial Services Inc is 0.00. This means Kingsway Financial Services Inc has $0.00 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Auto & Truck Dealerships industry is 1.35.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
0 \ 504) = 0.00

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

Above 1 is considered healthy but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
A Quick Ratio of 61.19 means the company can pay off $61.19 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Kingsway Financial Services Inc:

The MRQ is 61.194. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 67.840. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	61.194	TTM	67.840	-6.645
TTM	67.840	YOY	31.307	+36.533
TTM	67.840	5Y	39.008	+28.831
5Y	39.008	10Y	310.547	-271.539

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	61.194	0.342	+60.852
TTM	67.840	0.355	+67.485
YOY	31.307	0.452	+30.855
5Y	39.008	0.504	+38.504
10Y	310.547	0.571	+309.976

Measures if Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Kingsway Financial Services Inc can pay off its short term debts. This shows if Kingsway Financial Services 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 Kingsway Financial Services Inc is 61.19. This means that Kingsway Financial Services Inc can pay off $61.19 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 0.34.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc: (17,659 + 161 +13,022) / 504 = 61.19

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 Kingsway Financial Services Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Kingsway Financial Services Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Kingsway Financial Services Inc to Auto & Truck Dealerships industry mean.
A Debt to Asset Ratio of 0.88 means that Kingsway Financial Services Inc assets are financed with 88.1% credit (debt) and the remaining percentage (100% - 88.1%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Kingsway Financial Services Inc:

The MRQ is 0.881. The company is just able to pay all its debts by selling its assets.
The TTM is 0.875. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.881	TTM	0.875	+0.006
TTM	0.875	YOY	0.942	-0.068
TTM	0.875	5Y	0.934	-0.060
5Y	0.934	10Y	0.899	+0.035

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.881	0.651	+0.230
TTM	0.875	0.623	+0.252
YOY	0.942	0.594	+0.348
5Y	0.934	0.645	+0.289
10Y	0.899	0.664	+0.235

Measures how much % of Kingsway Financial Services Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Kingsway Financial Services Inc to Auto & Truck Dealerships 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 Kingsway Financial Services Inc is 0.88. This means means that Kingsway Financial Services Inc is financed with 88.1% 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 Auto & Truck Dealerships industry is 135.1%.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Kingsway Financial Services Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
182,121 \ 206,732 = 88.1% or 0.88.

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 Kingsway Financial Services Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
A Debt to Equity ratio of 657.3% means that company has $6.57 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Kingsway Financial Services Inc:

The MRQ is 6.573. The company is unable to pay all its debts with equity. -1
The TTM is 6.220. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	6.573	TTM	6.220	+0.352
TTM	6.220	YOY	97.582	-91.362
TTM	6.220	5Y	314.584	-308.363
5Y	314.584	10Y	161.558	+153.026

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	6.573	1.753	+4.820
TTM	6.220	1.516	+4.704
YOY	97.582	1.433	+96.149
5Y	314.584	2.062	+312.522
10Y	161.558	2.166	+159.392

Measures if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc is 6.57. This means that Kingsway Financial Services Inc can pay off $6.57 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 1.75.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
182,121 \ 27,709 = 6.57 or 657.3%

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 Kingsway Financial Services 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 Kingsway Financial Services Inc generates.

Above 15 is considered overpriced but always compare Kingsway Financial Services Inc to the Auto & Truck Dealerships industry mean.
A PE ratio of 345.35 means the investor is paying $345.35 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Kingsway Financial Services Inc:

The EOD is 357.683. Based on the earnings, the company is expensive. -2
The MRQ is 345.349. Based on the earnings, the company is expensive. -2
The TTM is 64.048. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	357.683	MRQ	345.349	+12.334
MRQ	345.349	TTM	64.048	+281.301
TTM	64.048	YOY	-8.533	+72.582
TTM	64.048	5Y	11.206	+52.843
5Y	11.206	10Y	3.881	+7.325

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	357.683	7.668	+350.015
MRQ	345.349	7.835	+337.514
TTM	64.048	8.816	+55.232
YOY	-8.533	7.441	-15.974
5Y	11.206	8.938	+2.268
10Y	3.881	10.194	-6.313

Measures how much money you pay for each share for every $1 in earnings Kingsway Financial Services 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 Kingsway Financial Services Inc to the Auto & Truck Dealerships 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 Kingsway Financial Services Inc is 345.35. This means the investor is paying $345.35 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 7.84.
What is the trend?
The trend is important because it shows you how Kingsway Financial Services Inc is performing over time. The most recent quarter might be important if Kingsway Financial Services 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 Kingsway Financial Services 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 Kingsway Financial Services 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 \ 27,102 = EPS
PE ratio MRQ = 345.35

* 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 Kingsway Financial Services Inc:

The EOD is -3.619. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -3.495. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -26.631. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-3.619	MRQ	-3.495	-0.125
MRQ	-3.495	TTM	-26.631	+23.137
TTM	-26.631	YOY	15.673	-42.305
TTM	-26.631	5Y	1.797	-28.429
5Y	1.797	10Y	2.642	-0.845

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	-3.619	0.238	-3.857
MRQ	-3.495	0.621	-4.116
TTM	-26.631	1.784	-28.415
YOY	15.673	0.268	+15.405
5Y	1.797	0.510	+1.287
10Y	2.642	0.451	+2.191

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
A PB ratio of 9.60 means the investor is paying $9.60 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Kingsway Financial Services Inc:

The EOD is 9.941. Based on the equity, the company is overpriced. -1
The MRQ is 9.598. Based on the equity, the company is overpriced. -1
The TTM is 9.304. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	9.941	MRQ	9.598	+0.343
MRQ	9.598	TTM	9.304	+0.294
TTM	9.304	YOY	9.455	-0.151
TTM	9.304	5Y	7.106	+2.198
5Y	7.106	10Y	5.069	+2.036

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	9.941	1.397	+8.544
MRQ	9.598	1.652	+7.946
TTM	9.304	1.676	+7.628
YOY	9.455	1.557	+7.898
5Y	7.106	1.886	+5.220
10Y	5.069	1.916	+3.153

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Kingsway Financial Services Inc

Institutions are holding 45.828% of the shares of Kingsway Financial Services Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-09-30	Stilwell Value LLC	26.3186	30.7048	7445922	0	0
2023-09-30	Vanguard Group Inc	3.3315	0.0002	942538	283010	42.911
2023-12-31	Wasatch Advisors Inc.	2.9286	0.0383	828552	105751	14.6307
2023-09-30	Greenhaven Road Investment Management, L.P.	2.2604	1.2135	639508	319754	100
2023-12-31	BlackRock Inc	2.2127	0.0001	626009	107086	20.6362
2023-12-31	Belpointe Asset Management LLC	1.4781	0.3085	418178	-3700	-0.877
2023-12-31	Renaissance Technologies Corp	1.0346	0.0038	292694	-4121	-1.3884
2023-12-31	Bard Associates Inc	1.0031	0.9052	283790	-1195	-0.4193
2023-09-30	Geode Capital Management, LLC	0.9855	0.0003	278802	20117	7.7766
2023-09-30	State Street Corporation	0.4303	0.0001	121734	3200	2.6996
2023-09-30	Northern Trust Corp	0.3882	0.0002	109828	7430	7.256
2023-12-31	STRS OHIO	0.2096	0.0021	59300	15200	34.4671
2023-12-31	First Trust Advisors L.P.	0.1896	0.0005	53644	3669	7.3417
2023-09-30	Bank of New York Mellon Corp	0.1253	0.0001	35461	259	0.7358
2023-09-30	Sequoia Financial Advisors LLC	0.1184	0.0044	33500	0	0
2023-09-30	Charles Schwab Investment Management Inc	0.1072	0.0001	30322	0	0
2023-12-31	O'Shaughnessy Asset Management LLC	0.0981	0.0031	27766	-9422	-25.3361
2023-12-31	Dimensional Fund Advisors, Inc.	0.0958	0.0001	27095	0	0
2023-09-30	Morgan Stanley - Brokerage Accounts	0.0757	0	21404	5688	36.1924
2023-09-30	Citadel Advisors Llc	0.0746	0	21095	21095	0
Total		43.4659	33.1854	12297142	+873821	+7.1%

3.2. Funds holding Kingsway Financial Services Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Wasatch Micro Cap Value	1.423	1.0738	385646	46646	13.7599
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.0024	0.0024	271673	0	0
2024-02-29	iShares Russell 2000 ETF	0.9593	0.0037	259984	-42	-0.0162
2024-02-29	Vanguard Total Stock Mkt Idx Inv	0.4361	0.0001	118184	0	0
2023-12-31	Fidelity Small Cap Index	0.4298	0.0039	116470	0	0
2024-01-31	Fidelity Extended Market Index	0.4058	0.0027	109986	0	0
2024-01-31	Swedbank Robur Small Cap USA A	0.3723	0.1675	100900	100900	0
2024-02-29	iShares Russell 2000 Growth ETF	0.3596	0.0076	97450	-113	-0.1158
2024-02-29	First Trust Dow Jones Sel MicroCap ETF	0.2044	0.2819	55399	0	0
2024-02-29	Vanguard Russell 2000 ETF	0.1502	0.0038	40707	3204	8.5433
2023-09-30	BlackRock Extended Mkt Composite	0.149	0.0022	40373	186	0.4628
2024-02-29	State St Russell Sm Cap® Indx SL Cl I	0.1435	0.0036	38900	0	0
2023-12-31	BlackRock Extended Equity Market K	0.129	0.0021	34948	-70	-0.1999
2024-01-31	Fidelity Total Market Index	0.1281	0.0004	34711	0	0
2023-12-31	Ayalon Global Stocks	0.124	0.5844	33600	16200	93.1034
2023-12-31	NT R2000 Growth Index Fund - NL	0.1191	0.0073	32283	0	0
2023-12-31	NT R2000 Index Fund - NL	0.1142	0.0036	30963	53	0.1715
2024-01-31	Fidelity Series Total Market Index	0.0959	0.0004	25984	2438	10.3542
2023-10-31	Allspring Factor Enhanced Small Cap Eq	0.0937	0.1647	25397	4286	20.3022
2024-02-29	iShares Micro-Cap ETF	0.0919	0.0241	24903	0	0
Total		6.9313	2.3402	1878461	+173688	+9.2%

3.3. Insider Transactions

Insiders are holding 29.507% of the shares of Kingsway Financial Services Inc.

Date	Owner	Type	Amount	Price
2024-04-01	John Taylor Maloney Fitzgerald	BUY	302	8.27
2024-04-01	Kent A Hansen	BUY	189	8.27
2024-03-18	John Taylor Maloney Fitzgerald	BUY	294	8.49
2024-03-18	Kent A Hansen	BUY	184	8.49
2024-03-11	Joseph Stilwell	SELL	7300	8.76
2024-03-08	Joseph Stilwell	SELL	13095	8.84
2024-01-30	John Taylor Maloney Fitzgerald	BUY	283	8.86
2024-01-30	Kent A Hansen	BUY	177	8.86
2024-01-12	John Taylor Maloney Fitzgerald	BUY	307	8.14
2024-01-12	Kent A Hansen	BUY	192	8.14
2023-11-30	John Taylor Maloney Fitzgerald	BUY	341	7.31
2023-11-30	Kent A Hansen	BUY	213	7.31
2023-10-30	John Taylor Maloney Fitzgerald	BUY	332	7.53
2023-10-30	Kent A Hansen	BUY	207	7.53
2023-10-13	John Taylor Maloney Fitzgerald	BUY	359	6.97
2023-10-13	Kent A Hansen	BUY	225	6.97
2023-09-29	Kent A Hansen	BUY	199	7.85
2023-09-29	John Taylor Maloney Fitzgerald	BUY	318	7.85
2023-09-15	John Taylor Maloney Fitzgerald	BUY	301	8.3
2023-09-15	Kent A Hansen	BUY	188	8.3

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Kingsway Financial Services 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	-	-	-0.125	0.022	-665%	0.065	-291%	0.011	-1208%	-0.011	-91%
Book Value Per Share	-	-	0.875	0.893	-2%	0.870	+1%	0.778	+12%	1.232	-29%
Current Ratio	-	-	-	49.227	-100%	30.761	-100%	28.050	-100%	270.650	-100%
Debt To Asset Ratio	-	-	0.881	0.875	+1%	0.942	-7%	0.934	-6%	0.899	-2%
Debt To Equity Ratio	-	-	6.573	6.220	+6%	97.582	-93%	314.584	-98%	161.558	-96%
Dividend Per Share	-	-	0.195	0.151	+29%	0.004	+5077%	0.032	+501%	0.027	+629%
Eps	-	-	0.006	0.226	-97%	0.217	-97%	0.061	-90%	-0.021	+453%
Free Cash Flow Per Share	-	-	-0.601	-0.232	-61%	0.108	-658%	-0.028	-95%	-0.089	-85%
Free Cash Flow To Equity Per Share	-	-	-0.026	-0.582	+2111%	-0.230	+772%	-0.128	+386%	-0.161	+512%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-9.956	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-32.653	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.355	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.857	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-1.557	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-4.683	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-3.349	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-10.788	-	-	-	-	-	-	-	-
Market Cap	244655310.000	+3%	236218920.000	231367995.750	+2%	183280572.750	+29%	141951260.566	+66%	141698379.776	+67%
Net Profit Margin	-	-	0.006	0.236	-98%	0.115	-95%	-0.075	+1414%	-0.099	+1834%
Operating Margin	-	-	-0.038	-0.045	+17%	0.135	-128%	-0.055	+44%	-0.054	+43%
Operating Ratio	-	-	1.038	0.968	+7%	1.617	-36%	1.895	-45%	1.327	-22%
Pb Ratio	9.941	+3%	9.598	9.304	+3%	9.455	+2%	7.106	+35%	5.069	+89%
Pe Ratio	357.683	+3%	345.349	64.048	+439%	-8.533	+102%	11.206	+2982%	3.881	+8799%
Price Per Share	8.700	+3%	8.400	8.228	+2%	6.518	+29%	5.048	+66%	5.039	+67%
Price To Free Cash Flow Ratio	-3.619	-4%	-3.495	-26.631	+662%	15.673	-122%	1.797	-294%	2.642	-232%
Price To Total Gains Ratio	124.448	+3%	120.156	26.860	+347%	-1.024	+101%	-108.187	+190%	-53.237	+144%
Quick Ratio	-	-	61.194	67.840	-10%	31.307	+95%	39.008	+57%	310.547	-80%
Return On Assets	-	-	0.001	0.032	-97%	0.012	-93%	0.006	-87%	0.000	+142%
Return On Equity	-	-	0.006	0.220	-97%	-0.252	+4186%	-0.560	+9172%	-0.333	+5490%
Total Gains Per Share	-	-	0.070	0.174	-60%	0.069	+1%	0.044	+60%	0.016	+343%
Usd Book Value	-	-	24611000.000	25107000.000	-2%	24479000.000	+1%	21892200.000	+12%	34638600.000	-29%
Usd Book Value Change Per Share	-	-	-0.125	0.022	-665%	0.065	-291%	0.011	-1208%	-0.011	-91%
Usd Book Value Per Share	-	-	0.875	0.893	-2%	0.870	+1%	0.778	+12%	1.232	-29%
Usd Dividend Per Share	-	-	0.195	0.151	+29%	0.004	+5077%	0.032	+501%	0.027	+629%
Usd Eps	-	-	0.006	0.226	-97%	0.217	-97%	0.061	-90%	-0.021	+453%
Usd Free Cash Flow	-	-	-16899094.000	-6528273.500	-61%	3026750.000	-658%	-780704.700	-95%	-2508252.350	-85%
Usd Free Cash Flow Per Share	-	-	-0.601	-0.232	-61%	0.108	-658%	-0.028	-95%	-0.089	-85%
Usd Free Cash Flow To Equity Per Share	-	-	-0.026	-0.582	+2111%	-0.230	+772%	-0.128	+386%	-0.161	+512%
Usd Market Cap	244655310.000	+3%	236218920.000	231367995.750	+2%	183280572.750	+29%	141951260.566	+66%	141698379.776	+67%
Usd Price Per Share	8.700	+3%	8.400	8.228	+2%	6.518	+29%	5.048	+66%	5.039	+67%
Usd Profit	-	-	171000.000	6386750.000	-97%	7155500.000	-98%	1755850.000	-90%	-465475.000	+372%
Usd Revenue	-	-	29875000.000	27773000.000	+8%	28672250.000	+4%	21922900.000	+36%	31118675.000	-4%
Usd Total Gains Per Share	-	-	0.070	0.174	-60%	0.069	+1%	0.044	+60%	0.016	+343%
	EOD	+5 -3	MRQ	TTM	+10 -25	YOY	+20 -15	5Y	+22 -13	10Y	+21 -14

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	357.683
Price to Book Ratio (EOD)	Between	0-1	9.941
Net Profit Margin (MRQ)	Greater than	0	0.006
Operating Margin (MRQ)	Greater than	0	-0.038
Quick Ratio (MRQ)	Greater than	1	61.194
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.881
Debt to Equity Ratio (MRQ)	Less than	1	6.573
Return on Equity (MRQ)	Greater than	0.15	0.006
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			3/10 (30.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.740
Ma 20	Greater than	Ma 50	8.427
Ma 50	Greater than	Ma 100	8.578
Ma 100	Greater than	Ma 200	8.482
Open	Greater than	Close	8.700
Total			3/5 (60.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	206,732
Total Liabilities	182,121
Total Stockholder Equity	27,709

	As reported
Total Liabilities	182,121
Total Stockholder Equity	+ 27,709
Total Assets	= 206,732

Assets

Total Assets	206,732
Total Current Assets	0
Long-term Assets	176,051

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	17,498
Short-term Investments	161
Net Receivables	13,022
Other Current Assets	-30,681
Total Current Assets (calculated)	0
+/-	0

Long-term Assets

Long-term Assets (as reported)	176,051
Property Plant Equipment	2,736
Goodwill	50,358
Long Term Investments	41,875
Intangible Assets	35,670
Other Assets	206,732
Long-term Assets (calculated)	337,371
+/-	161,320

Liabilities & Shareholders' Equity

Total Current Liabilities	504
Long-term Liabilities	180,923
Total Stockholder Equity	27,709

Total Current Liabilities

Total Current Liabilities (as reported)	504
Short-term Debt	504
Other Current Liabilities	-83,995
Total Current Liabilities (calculated)	-83,491
+/-	83,995

Long-term Liabilities

Long-term Liabilities (as reported)	180,923
Long term Debt	44,416
Capital Lease Obligations	1,198
Long-term Liabilities (calculated)	45,614
+/-	135,309

Total Stockholder Equity

Total Stockholder Equity (as reported)	27,709
Retained Earnings	-346,868
Accumulated Other Comprehensive Income	-1,540
Other Stockholders Equity	376,117
Total Stockholder Equity (calculated)	27,709
+/-	0

Other

Cash and Short Term Investments	17,659
Common Stock Shares Outstanding	27,102
Current Deferred Revenue	83,995
Liabilities and Stockholders Equity	206,732
Net Debt	28,116
Net Invested Capital	72,125
Short Long Term Debt Total	45,614

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

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1996-12-31

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1996-06-30

1996-03-31

> Total Assets

116,554
131,515
152,978
181,082
221,872
264,650
355,162
357,228
509,588
547,078
538,120
659,401
704,592
722,678
724,333
738,426
744,784
757,929
766,466
782,774
802,638
886,749
976,420
1,117,316
1,228,819
1,567,652
1,713,917
1,895,709
2,099,677
2,306,160
2,580,562
2,799,599
3,041,808
3,170,799
3,293,687
3,518,983
3,609,872
3,607,655
3,737,661
3,795,194
3,871,634
4,048,591
4,112,596
4,048,338
4,237,276
4,529,961
4,682,471
4,657,405
4,545,233
4,450,756
3,891,296
3,343,441
3,098,788
3,139,941
3,062,498
1,957,355
944,068
861,319
739,129
519,581
476,258
429,212
401,185
476,258
367,505
349,909
341,509
372,800
370,248
353,076
345,366
324,639
300,625
297,069
306,380
301,722
310,532
275,110
268,868
241,022
241,544
241,137
438,802
501,021
497,707
489,044
479,330
484,600
493,000
482,539
492,652
378,240
405,057
404,294
402,394
357,339
405,057
399,623
394,332
452,474
439,821
447,491
446,672
475,634
474,575
469,628
506,055
285,650
201,255
195,344
198,044
206,732

206,732

198,044

195,344

201,255

285,650

506,055

469,628

474,575

475,634

446,672

447,491

439,821

452,474

394,332

399,623

405,057

357,339

402,394

404,294

405,057

378,240

492,652

482,539

493,000

484,600

479,330

489,044

497,707

501,021

438,802

241,137

241,544

241,022

268,868

275,110

310,532

301,722

306,380

297,069

300,625

324,639

345,366

353,076

370,248

372,800

341,509

349,909

367,505

476,258

401,185

429,212

476,258

519,581

739,129

861,319

944,068

1,957,355

3,062,498

3,139,941

3,098,788

3,343,441

3,891,296

4,450,756

4,545,233

4,657,405

4,682,471

4,529,961

4,237,276

4,048,338

4,112,596

4,048,591

3,871,634

3,795,194

3,737,661

3,607,655

3,609,872

3,518,983

3,293,687

3,170,799

3,041,808

2,799,599

2,580,562

2,306,160

2,099,677

1,895,709

1,713,917

1,567,652

1,228,819

1,117,316

976,420

886,749

802,638

782,774

766,466

757,929

744,784

738,426

724,333

722,678

704,592

659,401

538,120

547,078

509,588

357,228

355,162

264,650

221,872

181,082

152,978

131,515

116,554

> Total Current Assets

16,588
19,112
21,655
22,033
19,038
23,341
23,504
22,781
26,158
26,181
24,570
0
0
0
0
0
0
0
0
0
0
0
0
254,777
0
0
0
475,203
0
0
0
543,065
0
0
0
686,667
0
0
0
616,772
0
0
0
658,145
0
0
0
735,530
0
663,931
584,253
458,459
565,277
540,781
795,812
184,131
334,212
318,275
294,496
221,068
0
0
0
185,628,000
143,865
91,044
95,128,000
116,996
167,364
106,801
120,159
131,125
105,090
97,965
118,274
103,311
97,937
116,367
106,237
79,191
74,589
72,472
64,945
68,440
67,399
64,040
61,161
72,292
17,780
15,987
15,983
18,053
18,370
16,145
19,485
18,205
18,523
17,033
24,247
18,459
20,609
22,271
24,797
33,353
35,405
32,900
68,844
74,625
19,002
24,391
29,769
0

29,769

24,391

19,002

74,625

68,844

32,900

35,405

33,353

24,797

22,271

20,609

18,459

24,247

17,033

18,523

18,205

19,485

16,145

18,370

18,053

15,983

15,987

17,780

72,292

61,161

64,040

67,399

68,440

64,945

72,472

74,589

79,191

106,237

116,367

97,937

103,311

118,274

97,965

105,090

131,125

120,159

106,801

167,364

116,996

95,128,000

91,044

143,865

185,628,000

221,068

294,496

318,275

334,212

184,131

795,812

540,781

565,277

458,459

584,253

663,931

735,530

658,145

616,772

686,667

543,065

475,203

254,777

24,570

26,181

26,158

22,781

23,504

23,341

19,038

22,033

21,655

19,112

16,588

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,001
0
0
0
60,428
0
0
0
155,574
0
0
0
108,641
0
0
0
87,093
0
0
0
111,034
0
0
0
129,706
169,249
126,156
97,265
161,635
144,679
188,548
197,381
105,656
219,904
154,709
509,050
58,726
204,009
186,688
124,571
140,567
99,246
101,705
82,462
99,246
72,646
63,101
60,871
80,813
90,821
71,351
86,037
98,589
72,080
67,520
87,273
74,026
63,566
86,175
75,785
51,701
40,984
39,887
30,705
36,475
33,687
33,776
30,614
44,286
47,197
24,713
23,684
14,619
13,352
10,899
13,078
31,914
13,352
13,478
20,506
14,374
15,489
17,093
18,139
12,642
13,053
11,704
48,640
64,168
8,291
14,162
20,183
17,498

17,498

20,183

14,162

8,291

64,168

48,640

11,704

13,053

12,642

18,139

17,093

15,489

14,374

20,506

13,478

13,352

31,914

13,078

10,899

13,352

14,619

23,684

24,713

47,197

44,286

30,614

33,776

33,687

36,475

30,705

39,887

40,984

51,701

75,785

86,175

63,566

74,026

87,273

67,520

72,080

98,589

86,037

71,351

90,821

80,813

60,871

63,101

72,646

99,246

82,462

101,705

99,246

140,567

124,571

186,688

204,009

58,726

509,050

154,709

219,904

105,656

197,381

188,548

144,679

161,635

97,265

126,156

169,249

129,706

111,034

87,093

108,641

155,574

60,428

20,001

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
140,719
0
0
0
180,669
0
0
0
183,237
0
0
0
466,582
0
0
0
480,150
0
0
0
712,709
0
0
0
602,114
0
0
0
714,339
614,284
570,449
416,849
405,619
456,669
411,005
271,686
68,138
62,498
50,975
56,152
62,011
38,324
13,334
21,335
38,324
3,335
335
335
585
586
586
586
501
401
401
401
400
400
400
400
400
935
670
670
401
151
151
151
151
151
151
151
152
3,064
2,815
2,189
152
153
155
157
157
157
157
157
157
157
157
157
157
158
158
160
161

161

160

158

157

155

153

152

2,189

2,815

3,064

152

151

401

670

935

400

401

501

586

585

335

3,335

38,324

21,335

13,334

38,324

62,011

56,152

50,975

62,498

68,138

271,686

411,005

456,669

405,619

416,849

570,449

614,284

714,339

602,114

712,709

480,150

466,582

183,237

180,669

140,719

Net Receivables

16,588
19,112
21,655
22,033
19,038
23,341
23,504
22,781
26,158
26,181
24,570
0
0
0
0
0
0
0
0
0
0
0
0
194,349
0
0
0
319,630
0
0
0
434,423
0
0
0
599,574
0
0
0
505,738
0
0
0
528,439
0
0
0
573,895
0
475,383
386,872
352,803
345,373
386,072
286,762
125,405
130,203
131,587
169,925
80,501
75,220
66,059
62,150
75,220
67,884
59,281
55,184
64,078
75,957
74,162
78,739
65,479
67,906
68,835
62,119
58,132
43,220
39,321
38,998
33,273
38,123
36,997
40,657
38,360
42,813
38,855
38,994
39,280
44,533
13,080
14,570
12,957
15,336
15,800
17,261
13,318
15,336
17,413
16,413
20,251
23,150
19,165
18,944
20,554
22,195
21,039
20,047
14,024
12,876
11,624
10,867
13,022

13,022

10,867

11,624

12,876

14,024

20,047

21,039

22,195

20,554

18,944

19,165

23,150

20,251

16,413

17,413

15,336

13,318

17,261

15,800

15,336

12,957

14,570

13,080

44,533

39,280

38,994

38,855

42,813

38,360

40,657

36,997

38,123

33,273

38,998

39,321

43,220

58,132

62,119

68,835

67,906

65,479

78,739

74,162

75,957

64,078

55,184

59,281

67,884

75,220

62,150

66,059

75,220

80,501

169,925

131,587

130,203

125,405

286,762

386,072

345,373

352,803

386,872

475,383

573,895

528,439

505,738

599,574

434,423

319,630

194,349

24,570

26,181

26,158

22,781

23,504

23,341

19,038

22,033

21,655

19,112

16,588

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60,594
0
0
0
0
32,289
12,162
-4,091
12,593
13
18,689
10,615
3,673
-11
-20
20
-27
2,826
-34
-25
-15
1
-16
-13
5
-25
-13
-24
14
23,486
-3
13
5,520
17,379
0
0
21,215
-9,523
-10,318
-14,013
-12,986
-16,480
-18,344
64,007
54,827
18,270
17,724
-12,581
-83,144
-92,608
-33,679
-36,439
-41,257
-30,681

-30,681

-41,257

-36,439

-33,679

-92,608

-83,144

-12,581

17,724

18,270

54,827

64,007

-18,344

-16,480

-12,986

-14,013

-10,318

-9,523

21,215

17,379

5,520

-3

23,486

-24

-13

-25

-13

-16

-15

-25

-34

2,826

-27

-20

-11

3,673

10,615

18,689

12,593

-4,091

12,162

32,289

60,594

> Long-term Assets

1,835
4,833
5,212
4,232
7,673
15,875
17,574
8,735
39,799
40,529
41,474
56,382
63,393
66,755
66,145
73,863
72,874
71,608
70,463
71,339
70,342
73,363
72,136
72,344
73,431
78,745
84,175
94,182
0
0
0
117,847
0
0
0
125,821
0
0
0
142,738
0
0
0
198,999
0
0
0
250,205
0
242,159
230,471
159,152
155,954
115,713
112,238
67,881
67,191
76,977
384,039
56,428
0
0
0
56,467,000
164,118
54,763
45,726,000
61,713
164,480
65,814
65,379
61,168
65,219
64,842
64,623
64,055
34,451
34,103
33,710
30,391
32,923
33,284
230,581
277,039
324,061
323,783
317,787
275,957
295,795
293,843
291,143
6,904
7,220
7,724
8,247
261,067
304,151
270,919
293,991
303,238
328,911
326,868
325,861
386,831
383,529
382,633
367,167
80,281
83,147
81,614
83,151
176,051

176,051

83,151

81,614

83,147

80,281

367,167

382,633

383,529

386,831

325,861

326,868

328,911

303,238

293,991

270,919

304,151

261,067

8,247

7,724

7,220

6,904

291,143

293,843

295,795

275,957

317,787

323,783

324,061

277,039

230,581

33,284

32,923

30,391

33,710

34,103

34,451

64,055

64,623

64,842

65,219

61,168

65,379

65,814

164,480

61,713

45,726,000

54,763

164,118

56,467,000

56,428

384,039

76,977

67,191

67,881

112,238

115,713

155,954

159,152

230,471

242,159

250,205

198,999

142,738

125,821

117,847

94,182

84,175

78,745

73,431

72,344

72,136

73,363

70,342

71,339

70,463

71,608

72,874

73,863

66,145

66,755

63,393

56,382

41,474

40,529

39,799

8,735

17,574

15,875

7,673

4,232

5,212

4,833

1,835

Property Plant Equipment

1,688
3,881
4,331
4,159
4,271
4,422
4,556
4,472
10,899
10,948
10,942
13,542
18,773
18,851
18,986
18,397
18,391
18,290
18,377
18,823
19,058
22,584
23,093
24,274
25,376
27,256
27,419
27,937
27,594
41,992
47,441
51,652
56,256
56,544
55,803
58,509
57,501
57,449
61,611
71,608
76,942
92,610
100,632
108,149
112,129
129,130
133,932
133,431
129,278
128,225
119,042
113,375
93,476
57,258
60,742
30,308
29,835
26,011
25,434
12,469
13,522
13,537
13,369
13,522
12,856
12,479
3,323
2,709
2,448
2,159
1,952
1,662
1,671
1,421
1,261
6,169
5,851
5,795
5,687
5,577
5,458
5,373
91,239
116,961
115,855
114,809
109,066
108,230
107,166
105,246
104,196
103,142
102,151
101,178
100,110
103,142
104,645
102,391
98,798
97,975
96,952
95,936
95,118
110,835
109,866
108,880
106,912
1,684
1,718
1,567
1,479
2,736

2,736

1,479

1,567

1,718

1,684

106,912

108,880

109,866

110,835

95,118

95,936

96,952

97,975

98,798

102,391

104,645

103,142

100,110

101,178

102,151

103,142

104,196

105,246

107,166

108,230

109,066

114,809

115,855

116,961

91,239

5,373

5,458

5,577

5,687

5,795

5,851

6,169

1,261

1,421

1,671

1,662

1,952

2,159

2,448

2,709

3,323

12,479

12,856

13,522

13,369

13,537

13,522

12,469

25,434

26,011

29,835

30,308

60,742

57,258

93,476

113,375

119,042

128,225

129,278

133,431

133,932

129,130

112,129

108,149

100,632

92,610

76,942

71,608

61,611

57,449

57,501

58,509

55,803

56,544

56,256

51,652

47,441

41,992

27,594

27,937

27,419

27,256

25,376

24,274

23,093

22,584

19,058

18,823

18,377

18,290

18,391

18,397

18,986

18,851

18,773

13,542

10,942

10,948

10,899

4,472

4,556

4,422

4,271

4,159

4,331

3,881

1,688

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,790
0
0
0
48,070
47,913
51,461
56,770
62,104
0
0
0
62,671
0
0
0
64,221
0
0
0
68,880
0
0
0
69,030
0
0
0
72,106
0
0
0
5,996
0
0
0
0
0
0
0
3,273
3,273
3,010
3,010
3,273
510
510
510
8,421
9,105
9,484
9,484
10,588
10,588
10,588
10,588
10,588
10,078
10,078
10,078
10,078
10,078
10,078
10,078
71,061
71,061
71,061
71,061
80,112
80,112
80,112
73,928
74,659
82,104
82,104
82,104
73,928
82,104
82,104
82,104
121,130
121,286
121,289
102,342
110,247
110,247
110,247
100,773
45,498
45,488
45,488
46,399
50,358

50,358

46,399

45,488

45,498

100,773

110,247

102,342

121,289

121,286

121,130

82,104

73,928

82,104

74,659

73,928

80,112

71,061

10,078

10,588

9,484

9,105

8,421

510

3,273

3,010

3,273

5,996

72,106

69,030

68,880

64,221

62,671

62,104

56,770

51,461

47,913

48,070

52,790

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
160,770
157,079
154,175
140,733
114,995
117,177
96,069
76,156
83,644
83,974
81,251
89,339
101,276
102,401
107,507
110,102
115,758
116,898
123,520
130,950
127,171
124,108
123,734
107,323
80,780
76,285
71,463
61,275
57,094
60,156
52,903
56,685
51,412
58,009
56,113
58,610
44,300
46,704
68,773
57,519
68,637
70,242
71,482
58,129
53,104
45,635
41,449
41,875

41,875

41,449

45,635

53,104

58,129

71,482

70,242

68,637

57,519

68,773

46,704

44,300

58,610

56,113

58,009

51,412

56,685

52,903

60,156

57,094

61,275

71,463

76,285

80,780

107,323

123,734

124,108

127,171

130,950

123,520

116,898

115,758

110,102

107,507

102,401

101,276

89,339

81,251

83,974

83,644

76,156

96,069

117,177

114,995

140,733

154,175

157,079

160,770

Intangible Assets

147
952
881
73
3,402
11,453
13,018
4,263
28,900
29,581
30,533
42,840
44,620
47,904
47,159
55,466
54,483
53,318
52,086
52,516
51,284
50,779
49,043
48,070
48,055
51,489
56,756
66,245
66,583
67,111
66,902
66,195
66,968
67,032
67,147
67,312
67,161
66,790
67,286
71,130
71,103
69,846
69,833
90,850
104,499
114,060
113,846
116,774
114,927
113,934
111,429
45,777
62,478
58,455
51,496
37,573
37,356
50,966
48,636
43,959
39,176
39,158
39,139
39,176
39,121
39,121
39,121
50,583
50,025
50,569
50,061
48,918
48,504
48,095
47,698
47,298
15,663
15,350
15,043
14,736
14,441
14,865
123,178
89,017
88,477
88,187
87,901
87,615
87,343
79,519
84,359
83,266
88,451
87,775
87,100
83,816
88,451
86,424
84,705
84,133
83,636
83,140
100,257
108,230
106,722
105,214
101,489
33,099
31,681
30,271
30,817
35,670

35,670

30,817

30,271

31,681

33,099

101,489

105,214

106,722

108,230

100,257

83,140

83,636

84,133

84,705

86,424

88,451

83,816

87,100

87,775

88,451

83,266

84,359

79,519

87,343

87,615

87,901

88,187

88,477

89,017

123,178

14,865

14,441

14,736

15,043

15,350

15,663

47,298

47,698

48,095

48,504

48,918

50,061

50,569

50,025

50,583

39,121

39,176

39,139

39,158

39,176

43,959

48,636

50,966

37,356

37,573

51,496

58,455

62,478

45,777

111,429

113,934

114,927

116,774

113,846

114,060

104,499

90,850

69,833

69,846

71,103

71,130

67,286

66,790

67,161

67,312

67,147

67,032

66,968

66,195

66,902

67,111

66,583

66,245

56,756

51,489

48,055

48,070

49,043

50,779

51,284

52,516

52,086

53,318

54,483

55,466

47,159

47,904

44,620

42,840

30,533

29,581

28,900

4,263

13,018

11,453

3,402

881

952

147

Long-term Assets Other

-1,835
-4,833
-5,212
-4,232
-7,673
-15,875
-17,574
-8,735
-39,799
-40,529
-41,474
-56,382
-63,393
-66,755
-66,145
-73,863
-72,874
-71,608
-70,463
-71,339
-70,342
-73,363
-72,136
-72,344
-73,431
-78,745
-84,175
-94,182
-94,177
-109,103
-114,343
-117,847
-123,224
-123,576
-122,950
-125,821
-124,662
-124,239
-128,897
-142,738
-148,045
-162,456
-170,465
-198,999
-216,628
-243,190
-247,778
-250,205
-244,205
-242,159
-230,471
-159,152
-155,954
-115,713
-112,238
-67,881
-67,191
-76,977
-384,039
-56,428
-231,179
-198,105
-194,627
55,739,821
-164,118
-106,523
42,818,193
-127,733
-164,480
-106,220
-84,963
-66,195
-74,201
-75,827
-73,200
-85,622
-96,920
-98,171
-102,549
-105,431
-111,192
-110,967
-115,734
-122,185
-119,094
-115,665
-113,611
-103,076
-104,739
-28,587
-55,951
23,863
24,398
25,044
29,009
-37,382
-59,879
-59,725
-56,292
-58,610
-44,418
-46,704
-56,888
-386,831
-28,048
-27,860
-31,250
-71,785
-52,015
-44,663
-41,449
-139,499

-139,499

-41,449

-44,663

-52,015

-71,785

-31,250

-27,860

-28,048

-386,831

-56,888

-46,704

-44,418

-58,610

-56,292

-59,725

-59,879

-37,382

29,009

25,044

24,398

23,863

-55,951

-28,587

-104,739

-103,076

-113,611

-115,665

-119,094

-122,185

-115,734

-110,967

-111,192

-105,431

-102,549

-98,171

-96,920

-85,622

-73,200

-75,827

-74,201

-66,195

-84,963

-106,220

-164,480

-127,733

42,818,193

-106,523

-164,118

55,739,821

-194,627

-198,105

-231,179

-56,428

-384,039

-76,977

-67,191

-67,881

-112,238

-115,713

-155,954

-159,152

-230,471

-242,159

-244,205

-250,205

-247,778

-243,190

-216,628

-198,999

-170,465

-162,456

-148,045

-142,738

-128,897

-124,239

-124,662

-125,821

-122,950

-123,576

-123,224

-117,847

-114,343

-109,103

-94,177

-94,182

-84,175

-78,745

-73,431

-72,344

-72,136

-73,363

-70,342

-71,339

-70,463

-71,608

-72,874

-73,863

-66,145

-66,755

-63,393

-56,382

-41,474

-40,529

-39,799

-8,735

-17,574

-15,875

-7,673

-4,232

-5,212

-4,833

-1,835

> Total Liabilities

0
0
5,138
0
0
0
0
0
15,892
20,401
19,132
65,693
101,138
100,064
101,055
105,627
102,422
100,765
98,031
95,438
93,222
93,853
93,010
780,099
90,745
115,880
115,817
1,506,380
1,688,446
1,868,045
2,050,030
2,255,972
2,468,447
2,572,463
2,664,136
2,852,559
2,905,835
2,879,020
2,966,112
2,990,479
3,044,621
3,176,535
3,207,352
3,147,376
3,297,775
3,541,492
3,635,203
3,716,604
3,651,285
3,596,315
3,119,121
2,889,869
2,728,241
2,772,796
2,788,358
1,788,016
774,339
709,485
589,233
424,775
347,204
303,312
274,476
347,204
261,763
253,313
264,215
307,386
322,529
312,159
296,278
287,719
256,476
258,946
260,062
253,526
258,966
220,227
216,940
190,925
192,986
192,301
389,811
437,759
436,520
435,936
429,861
435,290
446,352
443,645
456,737
359,978
384,421
384,766
387,835
332,547
372,408
378,850
368,363
433,811
421,217
432,572
433,018
460,880
462,698
454,690
457,075
263,529
175,486
173,424
169,916
182,121

182,121

169,916

173,424

175,486

263,529

457,075

454,690

462,698

460,880

433,018

432,572

421,217

433,811

368,363

378,850

372,408

332,547

387,835

384,766

384,421

359,978

456,737

443,645

446,352

435,290

429,861

435,936

436,520

437,759

389,811

192,301

192,986

190,925

216,940

220,227

258,966

253,526

260,062

258,946

256,476

287,719

296,278

312,159

322,529

307,386

264,215

253,313

261,763

347,204

274,476

303,312

347,204

424,775

589,233

709,485

774,339

1,788,016

2,788,358

2,772,796

2,728,241

2,889,869

3,119,121

3,596,315

3,651,285

3,716,604

3,635,203

3,541,492

3,297,775

3,147,376

3,207,352

3,176,535

3,044,621

2,990,479

2,966,112

2,879,020

2,905,835

2,852,559

2,664,136

2,572,463

2,468,447

2,255,972

2,050,030

1,868,045

1,688,446

1,506,380

115,817

115,880

90,745

780,099

93,010

93,853

93,222

95,438

98,031

100,765

102,422

105,627

101,055

100,064

101,138

65,693

19,132

20,401

15,892

5,138

> Total Current Liabilities

0
0
5,138
0
0
0
0
0
15,892
20,401
19,132
65,693
101,138
100,064
101,055
105,627
102,422
100,765
98,031
95,438
93,222
93,853
93,010
48,084
90,745
115,880
115,817
0
119,574
115,868
122,536
99,321
18,943
36,494
59,355
110,332
66,415
65,873
71,633
207,655
89,923
87,551
103,341
243,131
225,794
229,557
138,966
238,658
229,549
157,918
0
0
0
0
0
0
0
52,319
0
0
0
0
0
19,091,000
4,133
23,095
14,031,000
5,933
10,637
2,821
2,944
7,157
921
246
80
5,609
54
57
56
2,985
60
66
2,031
50,771
2,283
2,352
2,439
32,975
2,876
2,801
2,501
106,722
123,137
125,829
130,672
30,937
2,556
31,773
2,816
30,414
3,143
188
256
28,847
415
27,895
33,852
2,162
1,782
216
406
504

504

406

216

1,782

2,162

33,852

27,895

415

28,847

256

188

3,143

30,414

2,816

31,773

2,556

30,937

130,672

125,829

123,137

106,722

2,501

2,801

2,876

32,975

2,439

2,352

2,283

50,771

2,031

2,985

5,609

246

921

7,157

2,944

2,821

10,637

5,933

14,031,000

23,095

4,133

19,091,000

52,319

157,918

229,549

238,658

138,966

229,557

225,794

243,131

103,341

87,551

89,923

207,655

71,633

65,873

66,415

110,332

59,355

36,494

18,943

99,321

122,536

115,868

119,574

115,817

115,880

90,745

48,084

93,010

93,853

93,222

95,438

98,031

100,765

102,422

105,627

101,055

100,064

101,138

65,693

19,132

20,401

15,892

5,138

Short-term Debt

0
0
5,138
0
0
0
0
0
15,892
20,401
19,132
65,693
101,138
100,064
101,055
105,627
102,422
100,765
98,031
95,438
93,222
93,853
93,010
0
90,745
115,880
115,817
0
119,574
115,868
122,536
0
18,943
36,494
59,355
0
66,415
65,873
71,633
77,989
89,923
87,551
103,341
118,371
225,794
229,557
138,966
238,658
229,549
157,918
0
0
0
0
0
0
0
52,319
0
0
0
0
0
2,250,000
1,690
1,656
0
0
0
0
0
57,681
0
0
0
58,977
0
0
0
44,798
0
0
0
238,793
239,821
241,638
236,789
3,981
243,655
241,806
0
4,768
0
0
0
0
0
0
193,741
192,057
192,057
191,143
189,601
207,504
205,482
203,432
162
1,217
447
233
124
504

504

124

233

447

1,217

162

203,432

205,482

207,504

189,601

191,143

192,057

193,741

4,768

241,806

243,655

3,981

236,789

241,638

239,821

238,793

44,798

58,977

57,681

1,656

1,690

2,250,000

52,319

157,918

229,549

238,658

138,966

229,557

225,794

118,371

103,341

87,551

89,923

77,989

71,633

65,873

66,415

59,355

36,494

18,943

122,536

115,868

119,574

115,817

115,880

90,745

93,010

93,853

93,222

95,438

98,031

100,765

102,422

105,627

101,055

100,064

101,138

65,693

19,132

20,401

15,892

5,138

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
57,681
0
0
0
58,977
0
0
0
44,798
0
0
0
238,793
239,821
241,638
236,789
3,981
243,655
241,806
0
4,768
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

4,768

241,806

243,655

3,981

236,789

241,638

239,821

238,793

44,798

58,977

57,681

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
315,832
311,231
314,327
320,252
314,443
342,468
368,110
48,084
460,573
478,114
748,386
841,330
925,070
1,075,721
79,925
99,321
1,496,378
1,561,000
1,659,408
110,332
1,879,100
1,871,034
1,951,059
129,666
1,975,363
2,056,771
2,078,438
124,760
2,085,577
2,230,063
2,306,075
2,412,022
2,405,273
2,364,950
2,163,938
2,014,581
1,896,481
1,964,963
1,998,833
429,542
405,589
382,404
349,905
217,093
36,718
38,333
40,756
1,913
2,443
4,376
9,107
4,956
10,637
7,620
4,235
1,033
145
96
49
525
785
557
452
145
272
284
241
100
100
87
2,439
2,644
2,876
2,801
2,501
2,400
2,556
2,482
2,584
2,758
2,805
2,832
2,816
845
3,143
40,859
41,928
47,916
52,515
51,977
-162
56,746
1,335
-17
282
0

282

-17

1,335

56,746

-162

51,977

52,515

47,916

41,928

40,859

3,143

845

2,816

2,832

2,805

2,758

2,584

2,482

2,556

2,400

2,501

2,801

2,876

2,644

2,439

100

241

284

272

145

452

557

785

525

145

1,033

4,235

7,620

10,637

4,956

9,107

4,376

2,443

1,913

40,756

38,333

36,718

217,093

349,905

382,404

405,589

429,542

1,998,833

1,964,963

1,896,481

2,014,581

2,163,938

2,364,950

2,405,273

2,412,022

2,306,075

2,230,063

2,085,577

124,760

2,078,438

2,056,771

1,975,363

129,666

1,951,059

1,871,034

1,879,100

110,332

1,659,408

1,561,000

1,496,378

99,321

79,925

1,075,721

925,070

841,330

748,386

478,114

460,573

48,084

368,110

342,468

314,443

320,252

314,327

311,231

315,832

Other Current Liabilities

0
0
-5,138
0
0
0
0
0
-15,892
-20,401
-19,132
-65,693
-101,138
-100,064
-101,055
-105,627
-102,422
-100,765
-98,031
-95,438
-93,222
-93,853
-93,010
-48,084
-90,745
-115,880
-115,817
0
-119,574
-115,868
-122,536
-99,321
-18,943
-36,494
-59,355
-110,332
-66,415
-65,873
-71,633
-207,655
-89,923
-87,551
-103,341
-243,131
-225,794
-229,557
-138,966
-238,658
-229,549
-157,918
0
0
0
0
0
0
0
-52,319
0
0
0
0
0
16,841,000
-4,133
3,518
-9,107
-2,077
-10,637
-4,799
-1,291
1,951
776
150
31
-302
-731
-500
-396
-84
-212
-218
1,790
1,951
2,183
2,265
154,164
2,644
164,318
162,832
162,438
4,900
0
0
9,984
2,400
63,694
2,758
222,125
2,859
206,308
191,143
256
294
20,315
35
2,602
-3,231
-82,367
-82,833
-82,314
-83,995

-83,995

-82,314

-82,833

-82,367

-3,231

2,602

20,315

294

256

191,143

206,308

2,859

222,125

2,758

63,694

2,400

9,984

4,900

162,438

162,832

164,318

2,644

154,164

2,265

2,183

1,951

1,790

-218

-212

-84

-396

-500

-731

-302

150

776

1,951

-1,291

-4,799

-10,637

-2,077

-9,107

3,518

-4,133

16,841,000

-52,319

-157,918

-229,549

-238,658

-138,966

-229,557

-225,794

-243,131

-103,341

-87,551

-89,923

-207,655

-71,633

-65,873

-66,415

-110,332

-59,355

-36,494

-18,943

-99,321

-122,536

-115,868

-119,574

-115,817

-115,880

-90,745

-48,084

-93,010

-93,853

-93,222

-95,438

-98,031

-100,765

-102,422

-105,627

-101,055

-100,064

-101,138

-65,693

-19,132

-20,401

-15,892

-5,138

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
90,778
0
0
0
1,506,380
68,103
105,425
115,411
268,263
275,386
274,959
277,696
340,254
280,079
278,688
282,892
282,568
282,281
285,380
285,286
282,430
275,768
280,668
385,587
307,434
287,309
354,375
3,119,121
2,889,869
2,728,241
2,772,796
2,788,358
1,788,016
774,339
170,133
589,233
424,775
0
0
0
328,113,000
73,657
230,218
250,184,000
301,453
121,707
309,338
293,334
280,562
255,555
258,700
259,982
247,917
258,912
220,170
216,884
187,940
192,926
192,235
387,780
386,988
434,237
433,584
427,422
402,315
460,190
458,683
453,393
345,782
369,852
370,308
373,072
317,245
369,852
347,077
365,547
403,397
418,074
432,384
432,762
460,880
462,698
426,795
423,223
261,804
173,704
173,208
169,510
180,923

180,923

169,510

173,208

173,704

261,804

423,223

426,795

462,698

460,880

432,762

432,384

418,074

403,397

365,547

347,077

369,852

317,245

373,072

370,308

369,852

345,782

453,393

458,683

460,190

402,315

427,422

433,584

434,237

386,988

387,780

192,235

192,926

187,940

216,884

220,170

258,912

247,917

259,982

258,700

255,555

280,562

293,334

309,338

121,707

301,453

250,184,000

230,218

73,657

328,113,000

424,775

589,233

170,133

774,339

1,788,016

2,788,358

2,772,796

2,728,241

2,889,869

3,119,121

354,375

287,309

307,434

385,587

280,668

275,768

282,430

285,286

285,380

282,281

282,568

282,892

278,688

280,079

340,254

277,696

274,959

275,386

268,263

115,411

105,425

68,103

1,506,380

90,778

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
60,363
62,746
61,850
61,159
139,144
134,468
63,432
57,681
42,762
50,560
53,524
54,277
54,016
42,324
39,865
39,898
37,370
36,302
229,705
233,693
234,721
236,538
236,789
243,491
260,733
258,782
258,215
253,256
261,284
258,937
257,163
258,529
242,532
245,271
247,249
268,288
257,028
214,325
211,877
292,715
228,153
224,231
221,323
34,281
31,041
29,501
0
0

29,501

31,041

34,281

221,323

224,231

228,153

292,715

211,877

214,325

257,028

268,288

247,249

245,271

242,532

258,529

257,163

258,937

261,284

253,256

258,215

258,782

260,733

243,491

236,789

236,538

234,721

233,693

229,705

36,302

37,370

39,898

39,865

42,324

54,016

54,277

53,524

50,560

42,762

57,681

63,432

134,468

139,144

61,159

61,850

62,746

60,363

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
6,330
6,360
6,377
6,386
6,394
6,402
6,411
6,419
6,427
6,436
6,444
5,452
5,461
5,433
5,692
5,957
5,800
6,046
6,297
6,555
6,819
5,815
6,039
6,269
0
6,742
6,828
6,914
6,497
6,576
6,655
5,942
6,013
1,219
0
0
0

1,219

6,013

5,942

6,655

6,576

6,497

6,914

6,828

6,742

6,269

6,039

5,815

6,819

6,555

6,297

6,046

5,800

5,957

5,692

5,433

5,461

5,452

6,444

6,436

6,427

6,419

6,411

6,402

6,394

6,386

6,377

6,360

6,330

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
158,403
174,638
175,929
186,650
210,249
247,339
273,342
270,650
327,610
609,750
478,435
493,624
576,696
575,804
1,729,240
598,675
680,973
702,085
663,661
633,809
680,008
667,449
652,459
649,228
697,054
746,833
740,287
682,452
710,636
801,204
804,575
758,490
729,154
719,072
604,711
536,480
495,377
462,223
453,307
1,028,073
119,724
104,629
99,647
66,879
214,899
191,547
174,980
197,078
196,304
183,538
190,486
235,338
236,171
230,882
221,785
221,848
208,192
203,306
201,333
188,338
200,906
173,966
173,221
142,458
147,498
147,747
146,748
148,095
145,648
142,133
140,874
158,824
135,765
75,226
77,038
76,468
90,657
93,027
94,718
86,540
87,798
86,397
86,222
116,949
115,322
116,356
117,012
117,770
117,925
119,181
115,678
86,889
0
87,121
86,770
0

86,770

87,121

86,889

115,678

119,181

117,925

117,770

117,012

116,356

115,322

116,949

86,222

86,397

87,798

86,540

94,718

93,027

90,657

76,468

77,038

75,226

135,765

158,824

140,874

142,133

145,648

148,095

146,748

147,747

147,498

142,458

173,221

173,966

200,906

188,338

201,333

203,306

208,192

221,848

221,785

230,882

236,171

235,338

190,486

183,538

196,304

197,078

174,980

191,547

214,899

66,879

99,647

104,629

119,724

1,028,073

453,307

462,223

495,377

536,480

604,711

719,072

729,154

758,490

804,575

801,204

710,636

682,452

740,287

746,833

697,054

649,228

652,459

667,449

680,008

633,809

663,661

702,085

680,973

598,675

1,729,240

575,804

576,696

493,624

478,435

609,750

327,610

270,650

273,342

247,339

210,249

186,650

175,929

174,638

158,403

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
14,984
16,198
16,803
52,041
52,135
52,800
53,124
52,961
53,718
55,015
55,553
54,840
37,311
37,576
37,635
37,243
37,717
38,967
42,727
84,542
84,620
87,609
87,011
70,072
72,368
73,187
74,483
75,667
88,394
90,506
92,331
85,267
85,365
84,108
84,059
0
113,908
26,503
28,144
28,553
28,048
27,860
31,250
4,176
4,260
4,288
0
0

4,288

4,260

4,176

31,250

27,860

28,048

28,553

28,144

26,503

113,908

84,059

84,108

85,365

85,267

92,331

90,506

88,394

75,667

74,483

73,187

72,368

70,072

87,011

87,609

84,620

84,542

42,727

38,967

37,717

37,243

37,635

37,576

37,311

54,840

55,553

55,015

53,718

52,961

53,124

52,800

52,135

52,041

16,803

16,198

14,984

> Total Stockholder Equity

32,662
35,002
35,822
63,182
66,308
71,037
149,485
148,985
154,346
156,269
159,542
162,832
168,166
175,535
181,151
166,744
169,028
171,766
176,559
181,845
183,141
198,090
244,039
337,217
347,554
363,320
371,590
389,329
411,231
438,115
530,532
543,627
573,361
598,336
629,551
666,424
704,037
728,635
771,549
804,715
827,013
872,056
905,244
900,962
939,501
988,469
1,047,268
940,801
893,948
854,441
772,175
453,572
370,547
367,145
274,140
169,339
169,729
151,834
149,896
94,806
129,577
128,413
130,198
129,577
114,367
106,942
77,635
65,071
47,310
39,523
48,005
35,474
42,162
36,704
42,629
43,794
46,237
53,133
50,264
48,345
46,845
47,483
48,227
62,433
60,252
52,071
48,353
44,143
41,353
33,491
26,816
12,462
14,590
13,231
8,004
19,158
20,636
7,693
11,979
4,506
4,361
250
138
773
-1,758
1,246
34,483
21,684
28,904
25,292
31,577
27,709

27,709

31,577

25,292

28,904

21,684

34,483

1,246

-1,758

773

138

250

4,361

4,506

11,979

7,693

20,636

19,158

8,004

13,231

14,590

12,462

26,816

33,491

41,353

44,143

48,353

52,071

60,252

62,433

48,227

47,483

46,845

48,345

50,264

53,133

46,237

43,794

42,629

36,704

42,162

35,474

48,005

39,523

47,310

65,071

77,635

106,942

114,367

129,577

130,198

128,413

129,577

94,806

149,896

151,834

169,729

169,339

274,140

367,145

370,547

453,572

772,175

854,441

893,948

940,801

1,047,268

988,469

939,501

900,962

905,244

872,056

827,013

804,715

771,549

728,635

704,037

666,424

629,551

598,336

573,361

543,627

530,532

438,115

411,231

389,329

371,590

363,320

347,554

337,217

244,039

198,090

183,141

181,845

176,559

171,766

169,028

166,744

181,151

175,535

168,166

162,832

159,542

156,269

154,346

148,985

149,485

71,037

66,308

63,182

35,822

35,002

32,662

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
102,451
100,014
98,079
99,525
93,978
98,559
138,613
223,767
223,206
235,433
224,995
226,888
243,849
266,098
346,260
361,412
359,878
353,748
373,671
392,538
392,296
387,454
408,217
331,470
331,206
329,518
329,649
328,473
326,430
327,199
327,295
326,151
323,530
323,102
322,344
322,344
322,344
322,344
295,916
295,291
296,091
296,091
296,139
296,139
296,489
296,489
296,489
296,489,000
296,600
296,621
296,621,000
296,621
296,621
296,621
308,734
0
325,400
325,600
340,600
341,000
341,000
341,200
341,500
341,600
341,800
342,900
343,100
353,900
354,200
354,500
355,800
-1
356,400
356,600
4,028
0
0
0
0
470
353,886
353,609
0
0
0
0
0
0
0
0
0
0
0
-195,344
0
0

-195,344

353,609

353,886

470

4,028

356,600

356,400

-1

355,800

354,500

354,200

353,900

343,100

342,900

341,800

341,600

341,500

341,200

341,000

340,600

325,600

325,400

308,734

296,621

296,621,000

296,621

296,600

296,489,000

296,489

296,139

296,091

295,291

295,916

322,344

323,102

323,530

326,151

327,295

327,199

326,430

328,473

329,649

329,518

331,206

331,470

408,217

387,454

392,296

392,538

373,671

353,748

359,878

361,412

346,260

266,098

243,849

226,888

224,995

235,433

223,206

223,767

138,613

98,559

93,978

99,525

98,079

100,014

102,451

Retained Earnings

12,037
14,352
16,223
18,969
21,789
26,458
31,170
33,612
39,096
42,161
46,716
51,499
56,584
64,390
71,658
63,872
66,055
69,584
74,976
80,136
82,042
93,768
98,293
103,714
113,828
130,391
138,124
155,397
183,133
219,352
230,956
254,421
274,993
295,289
336,995
383,425
417,526
438,948
493,750
460,050
483,795
517,194
550,280
560,126
572,452
610,251
629,793
521,165
481,506
483,598
462,282
98,564
39,425
71
-118,053
-193,572
-169,476
-187,970
-185,476
-231,815
-198,874
-201,435
-194,181
-198,874
-212,214
-218,230
-248,369
-262,069
-279,501
-289,784
-287,906
-298,930
-300,640
-305,636
-312,596
-312,050
-309,923
-305,764
-306,655
-308,995
-310,547
-311,292
-310,493
-297,668
-299,432
-307,328
-308,854
-313,486
-356,273
-364,917
-372,383
-382,196
-379,218
-379,872
-384,080
-381,203
-379,218
-388,082
-391,961
-394,807
-394,167
-394,851
-395,859
-395,149
-397,802
-400,470
-362,130
-370,427
-342,585
-344,025
-345,051
-346,868

-346,868

-345,051

-344,025

-342,585

-370,427

-362,130

-400,470

-397,802

-395,149

-395,859

-394,851

-394,167

-394,807

-391,961

-388,082

-379,218

-381,203

-384,080

-379,872

-379,218

-382,196

-372,383

-364,917

-356,273

-313,486

-308,854

-307,328

-299,432

-297,668

-310,493

-311,292

-310,547

-308,995

-306,655

-305,764

-309,923

-312,050

-312,596

-305,636

-300,640

-298,930

-287,906

-289,784

-279,501

-262,069

-248,369

-218,230

-212,214

-198,874

-194,181

-201,435

-198,874

-231,815

-185,476

-187,970

-169,476

-193,572

-118,053

39,425

98,564

462,282

483,598

481,506

521,165

629,793

610,251

572,452

560,126

550,280

517,194

483,795

460,050

493,750

438,948

417,526

383,425

336,995

295,289

274,993

254,421

230,956

219,352

183,133

155,397

138,124

130,391

113,828

103,714

98,293

93,768

82,042

80,136

74,976

69,584

66,055

63,872

71,658

64,390

56,584

51,499

46,716

42,161

39,096

33,612

31,170

26,458

21,789

18,969

16,223

14,352

12,037

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,372
15,504
15,631
15,757
15,757
15,824
15,955
324,803
325,427
325,631
340,595
340,844
341,045
341,249
341,443
341,646
341,847
342,864
343,106
353,882
354,127
354,422
355,721
356,021
356,211
356,247
353,514
353,890
353,886
353,778
353,665
354,101
355,067
354,963
354,853
355,242
355,999
356,331
358,206
359,138
359,346
359,536
359,203
359,985
371,356
371,118
0
0

371,118

371,356

359,985

359,203

359,536

359,346

359,138

358,206

356,331

355,999

355,242

354,853

354,963

355,067

354,101

353,665

353,778

353,886

353,890

353,514

356,247

356,211

356,021

355,721

354,422

354,127

353,882

343,106

342,864

341,847

341,646

341,443

341,249

341,045

340,844

340,595

325,631

325,427

324,803

15,955

15,824

15,757

15,631

15,504

15,372

Treasury Stock

-492

Other Stockholders Equity

20,624
20,650
19,599
44,213
44,519
44,579
118,315
115,372
115,250
114,108
112,826
107,166
108,607
109,591
108,201
102,251
102,285
99,955
98,403
99,011
94,253
99,447
138,118
0
223,868
235,560
224,939
0
243,687
265,329
346,818
523
360,127
354,507
375,798
1,901
394,637
389,586
412,276
3,237
334,709
333,490
334,067
5,352
367,049
378,218
417,475
7,619
412,442
8,287
8,889
332,135
9,153
8,670
21,294
315,840
19,205
314,318
18,171
311,579
0
0
0
311,686
311,993
312,125
312,252
15,757
15,757
15,824
15,955
324,803
325,427
325,631
340,595
340,844
341,045
341,249
341,443
341,646
341,847
342,864
343,106
353,882
354,127
354,422
355,721
356,021
356,313
356,609
354,141
40,768
39,922
39,325
38,419
353,890
353,886
353,609
354,361
354,750
355,507
355,839
357,714
358,646
358,854
359,044
358,711
359,493
370,864
175,231
179,854
376,117

376,117

179,854

175,231

370,864

359,493

358,711

359,044

358,854

358,646

357,714

355,839

355,507

354,750

354,361

353,609

353,886

353,890

38,419

39,325

39,922

40,768

354,141

356,609

356,313

356,021

355,721

354,422

354,127

353,882

343,106

342,864

341,847

341,646

341,443

341,249

341,045

340,844

340,595

325,631

325,427

324,803

15,955

15,824

15,757

312,252

312,125

311,993

311,686

311,579

18,171

314,318

19,205

315,840

21,294

8,670

9,153

332,135

8,889

8,287

412,442

7,619

417,475

378,218

367,049

5,352

334,067

333,490

334,709

3,237

412,276

389,586

394,637

1,901

375,798

354,507

360,127

523

346,818

265,329

243,687

224,939

235,560

223,868

138,118

99,447

94,253

99,011

98,403

99,955

102,285

102,251

108,201

109,591

108,607

107,166

112,826

114,108

115,250

115,372

118,315

44,579

44,519

44,213

19,599

20,650

20,624

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	0	56,746	47,916	2,026	2,758	2,400	2,644	100	145	525	1,033	4,956	1,913	42,551	60,699	136,368	143,690	124,760	129,666	110,332	99,321	77,959	48,084	28,462	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-1,540	26,605	30,779	38,059	40,507	41,000	-3,852	-208	9,300	8,670	9,601	14,762	12,749	15,042	47,071	22,873	85,866	7,011	9,958	-111,440	-72,729	7,044	9,736	2,698	620	4,167	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	1,198	1,217	2,479	3,213	3,529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	0	6,013	6,497	6,504	6,819	5,800	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	359,985	359,138	355,242	354,101	353,890	356,021	353,882	341,646	340,844	324,803	15,757	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	17,498	64,168	12,642	14,374	31,914	14,619	44,286	36,475	51,701	74,026	98,589	80,813	85,486	140,567	58,726	105,656	161,635	129,706	111,034	87,093	108,641	155,574	60,428	20,001	0	0	0	0	0
Cash And Equivalents	0	64,168	12,642	14,374	13,478	14,619	20,774	36,475	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	17,659	64,325	12,799	14,531	32,066	31,578	44,437	36,876	52,101	74,426	99,090	81,398	105,820	140,567	58,726	105,656	161,635	129,706	111,034	87,093	108,641	155,574	60,428	0	0	0	0	0	0
Common Stock	0	0	0	353,609	470	0	-1	353,882	341,646	340,844	0	296,621	296,489	297,298	293,635	324,251	326,151	328,473	331,470	392,538	361,412	226,888	223,767	99,525	0	0	0	0	0
Common Stock Shares Outstanding	26,448	25,304	22,537	22,176	21,728	21,788	21,547	20,003	19,710	17,398	14,111	13,149	13,086	13,024	13,484	13,813	14,164	14,206	14,241	14,108	13,234	12,413	9,421	8,563	8,800	9,171	8,503	8,503	8,503
Common Stock Total Equity	0	0	0	353,609	353,890	353,890	356,021	353,882	341,646	340,844	0	296,600	0	0	0	0	326,151	328,473	331,470	392,538	361,412	226,888	0	0	0	0	0	0	0
Current Deferred Revenue	83,995	4,176	89,217	87,945	47,130	0	36,686	40,176	35,234	36,432	48,577	45,047	11,128	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
Deferred Long Term Liab	0	4,176	28,553	0	85,267	75,667	70,072	84,542	37,243	54,840	52,961	52,041	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	50,358	45,498	110,247	121,130	73,928	74,659	80,112	71,061	10,078	10,588	10,588	8,421	510	3,286	0	6,031	71,484	69,055	68,778	64,221	62,671	62,104	48,070	52,790	0	0	0	0	0
Intangible Assets	35,670	33,099	108,230	84,133	83,816	83,266	87,615	89,017	14,736	47,298	48,918	50,583	39,121	43,959	37,573	45,777	116,774	90,850	71,130	67,312	66,195	66,245	48,070	52,516	55,466	42,840	4,263	73	147
Inventory	0	88,884	39,199	66,110	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	206,732	285,650	475,634	452,474	357,339	378,240	484,600	501,021	241,022	301,722	324,639	372,800	374,081	519,581	1,957,355	3,343,441	4,657,405	4,048,338	3,795,194	3,518,983	2,799,599	1,895,709	1,117,316	782,774	738,426	659,401	357,228	181,082	64,377
Long Term Debt	44,416	34,281	292,715	268,288	258,529	253,256	243,491	233,693	39,898	54,277	57,681	61,159	54,237	141,354	328,548	340,813	370,431	282,563	348,683	280,159	268,216	172,968	90,776	95,937	0	0	0	0	0
Long Term Debt Total	0	34,281	292,715	268,288	258,529	253,256	243,491	233,693	39,898	54,277	57,681	61,159	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	41,875	58,129	57,519	58,610	56,685	61,275	107,323	130,950	110,102	89,339	76,156	140,733	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	28,116	39,141	282,552	257,127	204,574	437,953	199,205	197,218	-11,803	-19,749	-40,908	-19,654	-38,299	-15,648	271,675	233,152	384,457	271,095	249,523	253,161	159,622	17,217	30,350	95,438	105,627	65,693	0	0	0
Net Invested Capital	72,125	117,763	286,991	266,290	259,403	265,718	282,173	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	13,022	14,024	20,554	20,251	13,318	12,957	39,280	38,360	33,273	58,132	65,479	64,078	56,135	80,501	125,405	352,803	573,895	528,439	505,738	599,574	434,423	319,630	194,349	0	0	0	22,781	22,033	9,459
Net Tangible Assets	0	-56,913	-224,201	-207,261	-160,835	-139,663	-123,584	-97,645	23,531	-14,092	-24,032	6,067	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	18,838	72,463	33,059	31,923	25,328	-88,669	69,648	66,389	79,130	103,088	128,141	114,117	119,194	0	0	0	496,872	415,014	409,117	576,335	443,743	0	206,694	0	0	0	0	0	0
Non Current Assets Total	93,805	80,281	386,831	361,848	309,181	6,904	306,288	325,759	33,315	69,441	65,341	64,767	55,324	56,428	67,881	159,152	250,205	198,999	142,738	125,821	117,847	94,182	72,344	71,339	73,863	56,382	8,735	4,232	1,760
Non Current Liabilities Other	0	151,741	152,669	0	32,296	16,859	119,083	117,473	113,784	144,409	174,093	191,307	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	180,923	261,804	412,964	387,001	348,182	345,782	432,646	435,708	190,864	253,303	284,735	304,507	235,996	424,775	1,788,016	2,889,869	307,434	282,430	282,568	340,254	268,263	1,506,380	90,778	0	0	0	0	0	0
Non Currrent Assets Other	-45,694	-60,909	-28,553	-27,555	-17,805	23,863	-103,076	-122,185	-105,431	-85,622	-66,195	-127,733	-116,945	-56,428	-67,881	-159,152	-250,205	-198,999	-142,738	-125,821	-117,847	-94,182	-72,344	-71,339	-73,863	-56,382	-8,735	-4,232	-1,760
Noncontrolling Interest In Consolidated Entity	0	437	13,981	0	13,080	11,796	5,167	829	1,752	4,402	1,446	343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	93,585	130,744	55,450	55,844	20,430	15,121	106,020	106,822	128,516	128,970	128,173	191,037	177,883	242,085	1,705,343	2,725,830	3,671,670	3,191,194	3,035,684	2,706,494	2,138,687	1,326,325	790,195	18,922	0	0	325,712	154,817	53,159
Other Current Assets	-30,681	-92,608	-39,199	-66,110	-9,523	17,379	40,545	144,931	2,016	2,792	-11	15,711	42,510	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	-83,995	-3,231	-89,217	-87,945	57,192	4,900	160,280	1,951	-84	-302	1,951	-2,077	6,221	0	0	0	-238,658	-243,131	-207,655	-110,332	-99,321	0	-48,084	-95,438	-105,627	-65,693	0	0	0
Other Liab	0	86,889	117,770	116,949	86,540	77,979	71,205	87,893	97,689	85,190	88,710	86,921	37,290	67,080	902,327	440,894	761,001	585,344	6,815	633,809	1,996	493,624	4,243	8,105	0	0	0	0	0
Other Stockholder Equity	178,400	359,493	358,646	354,750	353,890	40,768	356,021	353,882	341,646	340,844	324,803	15,757	311,892	311,579	315,840	332,135	7,619	5,352	3,237	1,901	523	0	0	99,011	102,251	107,166	115,372	44,213	16,058
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	5,461	8,629	6,394	6,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	102,391	103,142	103,142	108,008	116,961	5,577	5,975	1,700	2,700	13,040	12,469	30,308	113,375	133,431	108,149	71,608	58,509	51,652	27,937	0	0	0	0	0	0	0
Property Plant And Equipment Net	2,736	1,684	110,835	97,975	103,142	0	108,230	116,961	5,577	6,169	1,662	2,709	13,040	12,469	30,308	113,375	133,431	108,149	71,608	58,509	51,652	27,937	24,274	18,823	18,397	13,542	4,472	4,159	1,613
Property Plant Equipment	0	773	110,835	97,975	99,064	103,142	108,230	116,961	5,577	6,169	1,662	2,709	13,003	12,518	30,138	114,046	132,280	108,188	71,585	58,467	51,574	27,965	24,273	18,968	0	0	0	0	0
Retained Earnings	-346,868	-370,427	-395,149	-394,807	-381,203	-382,196	-313,486	-297,668	-308,995	-312,050	-298,930	-262,069	-201,208	-231,815	-193,572	98,564	521,165	560,126	460,050	383,425	254,421	155,397	103,714	80,136	63,872	51,499	33,612	18,969	10,852
Retained Earnings Total Equity	0	-370,427	-395,149	0	-388,082	-382,196	-313,487	-297,668	-308,995	-312,050	-298,930	-262,069	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	4,768	3,981	238,793	44,798	50,750	54,298	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	45,614	103,309	295,194	271,501	236,488	452,572	243,491	233,693	39,898	54,277	57,681	61,159	47,187	124,919	330,401	338,808	546,092	400,801	360,557	340,254	268,263	172,791	90,778	95,438	105,627	65,693	0	0	0
Short Term Debt	504	1,217	207,504	732	0	4,768	3,981	238,793	44,798	50,750	54,298	0	2,418	0	0	0	238,658	118,371	77,989	0	0	0	0	95,438	105,627	65,693	0	0	0
Short Term Investments	161	157	157	157	152	152	151	401	400	400	501	585	20,334	22,346	64,770	333,349	716,704	516,437	611,243	480,150	466,582	183,237	180,669	140,719	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
Total Assets	206,732	285,650	475,634	452,474	357,339	378,240	484,600	501,021	241,022	301,722	324,639	372,800	374,081	519,581	1,957,355	3,343,441	4,657,405	4,048,338	3,795,194	3,518,983	2,799,599	1,895,709	1,117,316	782,774	738,426	659,401	357,228	181,082	64,377
Total Current Assets	19,342	74,625	33,353	34,782	27,728	18,053	72,292	68,440	79,191	103,311	131,125	116,996	140,874	221,068	184,131	458,459	735,530	658,145	616,772	686,667	543,065	475,203	254,777	0	0	0	22,781	22,033	9,459
Total Current Liabilities	504	2,162	294	2,859	2,400	106,722	2,644	2,051	61	223	2,984	2,879	21,680	0	0	0	238,658	243,131	207,655	110,332	99,321	0	48,084	95,438	105,627	65,693	0	0	0
Total Liab	182,121	263,529	412,964	387,001	332,547	359,978	435,290	437,759	190,925	253,526	287,719	307,386	257,676	424,775	1,788,016	2,889,869	3,716,604	3,147,376	2,990,479	2,852,559	2,255,972	1,506,380	780,099	95,438	105,627	65,693	0	0	0
Total Permanent Equity	0	0	0	0	0	0	43,849	56,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	27,709	21,684	773	4,506	19,158	12,462	44,143	62,433	48,345	43,794	35,474	65,071	123,433	94,806	169,339	453,572	940,801	900,962	804,715	666,424	543,627	389,329	337,217	181,845	166,744	162,832	148,985	63,182	26,909
Treasury Stock	0	-492	-492	-492	-492	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	6,013	6,497	0	6,819	5,800	5,461	6,427	6,394	6,330	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
Accounts Payable	0	282	-17	1,335	56,746	-162	51,977	52,515	47,916	41,928	40,859	3,143	845	2,816	2,832	2,805	2,758	2,584	2,482	2,556	2,400	2,501	2,801	2,876	2,644	2,439	87	100	100	241	284	272	145	452	557	785	525	49	96	145	1,033	4,235	7,620	10,637	4,956	9,107	4,376	2,443	1,913	40,756	38,333	36,718	217,093	349,905	382,404	405,589	429,542	1,998,833	1,964,963	1,896,481	2,014,581	2,163,938	2,364,950	2,405,273	2,412,022	2,306,075	2,230,063	2,085,577	124,760	2,078,438	2,056,771	1,975,363	129,666	1,951,059	1,871,034	1,879,100	110,332	1,659,408	1,561,000	1,496,378	99,321	79,925	1,075,721	925,070	841,330	748,386	478,114	460,573	48,084	368,110	342,468	314,443	320,252	314,327	311,231	315,832	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Accumulated Other Comprehensive Income	-1,540	-1,270	-1,258	-594	26,605	31,960	36,017	30,614	30,779	31,369	32,434	36,279	38,059	43,310	35,347	39,922	40,507	38,000	39,000	40,000	41,000	37,166	36,322	35,844	-3,852	-3,966	-1,467	-879	-208	9,195	9,500	9,143	9,300	9,090	11,271	8,755	8,670	8,300	10,366	10,973	9,601	11,222	16,862	14,433	14,762	13,752	13,047	14,588	16,765	0	0	0	15,042	21,062	25,486	23,909	47,071	74,983	36,060	-375	22,873	-21,340	39,454	0	85,866	0	0	0	7,011	20,897	21,372	8,509	9,958	-134,477	-99,899	-108,126	-111,440	-83,242	-51,460	-61,759	-72,729	-47,242	-46,566	-15,589	7,044	8,527	-2,631	9,858	9,736	7,628	4,875	6,846	2,698	3,180	2,227	689	620	1,293	1,554	2,975	4,167	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,198	1,170	1,260	1,333	1,217	1,189	2,019	2,223	2,479	2,600	2,814	3,008	3,213	3,105	3,256	3,392	3,529	2,604	2,410	2,655	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	1,219	6,013	5,942	6,655	6,576	6,497	6,914	6,828	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	371,118	371,356	359,985	359,203	359,536	359,346	359,138	358,206	356,331	355,999	355,242	354,853	354,963	355,067	354,101	353,665	353,778	353,886	353,890	353,514	356,247	356,211	356,021	355,721	354,422	354,127	353,882	343,106	342,864	341,847	341,646	341,443	341,249	341,045	340,844	340,595	325,631	325,427	324,803	15,955	15,824	15,757	15,757	15,631	15,504	15,372	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,498	20,183	14,162	8,291	64,168	48,640	11,704	13,053	12,642	18,139	17,093	15,489	14,374	20,506	13,478	13,352	31,914	13,078	10,899	13,352	14,619	23,684	24,713	47,197	44,286	30,614	33,776	33,687	36,475	30,705	39,887	40,984	51,701	75,785	86,175	63,566	74,026	87,273	67,520	72,080	98,589	86,037	71,351	90,821	80,813	60,871	63,101	72,646	99,246	82,462	101,705	99,246	140,567	124,571	186,688	204,009	58,726	509,050	154,709	219,904	105,656	197,381	188,548	144,679	161,635	97,265	126,156	169,249	129,706	0	0	0	111,034	0	0	0	87,093	0	0	0	108,641	0	0	0	155,574	0	0	0	60,428	0	0	0	20,001	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Equivalents	0	0	14,162	8,291	64,168	48,640	11,704	13,053	12,642	18,139	17,093	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,659	20,343	14,320	8,449	64,325	48,797	11,861	13,210	12,799	18,296	17,250	15,646	14,531	20,663	13,633	13,505	32,066	36,029	31,034	33,594	31,578	23,835	24,864	47,348	44,437	30,765	33,927	33,838	36,876	31,375	40,557	41,919	52,101	76,185	86,575	63,966	74,426	87,674	67,921	72,481	99,090	86,623	71,937	91,407	81,398	61,206	63,436	75,981	137,570	0	0	0	140,567	124,571	186,688	204,009	58,726	509,050	154,709	219,904	105,656	197,381	188,548	0	161,635	0	0	0	129,706	0	0	0	111,034	0	0	0	87,093	0	0	0	108,641	0	0	0	155,574	0	0	0	60,428	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock	0	0	-195,344	0	0	0	0	0	0	0	0	0	0	0	353,609	353,886	470	0	0	0	0	4,028	356,600	356,400	-1	355,800	354,500	354,200	353,900	343,100	342,900	341,800	341,600	341,500	341,200	341,000	341,000	340,600	325,600	325,400	0	308,734	296,621	296,621	296,621	296,621,000	296,621	296,600	296,489,000	296,489	296,489	296,489	296,139	296,139	296,091	296,091	295,291	295,916	322,344	322,344	322,344	322,344	323,102	323,530	326,151	327,295	327,199	326,430	328,473	329,649	329,518	331,206	331,470	408,217	387,454	392,296	392,538	373,671	353,748	359,878	361,412	346,260	266,098	243,849	226,888	224,995	235,433	223,206	223,767	138,613	98,559	93,978	99,525	98,079	100,014	102,451	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	27,102	26,239	25,295	26,419	25,304	25,716	22,883	22,883	22,732	22,732	22,366	22,219	22,211	22,211	21,866	21,841	21,788	21,867	21,867	21,841	21,668	21,708	21,708	21,708	23,265	21,559	21,458	21,458	22,430	22,958	19,818	19,710	19,710	19,710	19,710	21,149	19,700	16,993	16,430	16,430	16,500	13,684	13,149	13,149	13,200	13,149	13,149	13,102	13,039	13,087	13,087	13,039	13,024	13,016	13,016	13,016	13,477	13,485	13,773	13,777	13,787	13,796	13,808	13,876	13,908	13,984	14,004	14,086	14,024	14,166	14,218	14,279	14,117	14,241	14,216	14,187	14,044	14,136	14,122	14,086	13,887	14,003	12,383	12,350	12,207	12,340	12,361	12,368	9,819	9,984	8,675	8,624	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503	8,503
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	353,609	353,886	353,890	353,665	353,778	353,886	353,890	353,514	356,600	356,400	356,000	355,800	354,500	354,200	353,900	343,100	342,900	341,800	341,600	341,500	341,200	341,000	341,000	340,600	325,600	325,400	0	308,700	296,600	296,600	296,621	296,600	296,600	296,600	0	0	0	0	0	296,139	0	296,091	0	295,916	322,344	322,344	0	322,344	323,102	0	326,151	0	0	0	328,473	0	0	0	331,470	0	0	0	392,538	0	0	0	361,412	0	0	0	226,888	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	83,995	82,314	82,833	82,367	4,176	31,250	27,860	0	28,553	0	0	0	27,555	0	29,015	59,443	28,537	0	0	0	0	45,985	44,368	43,582	30,331	40,036	40,770	44,041	48,720	42,650	41,122	41,555	2,924	37,752	37,848	42,565	5,386	38,396	38,176	40,979	4,173	47,846	47,308	52,116	3,054	14,031,000	13,545	45,641	2,653	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Deferred Long Term Liab	0	0	4,288	4,260	4,176	31,250	27,860	28,048	28,553	28,144	26,503	113,908	0	84,059	84,108	85,365	85,267	92,331	90,506	88,394	75,667	74,483	73,187	72,368	70,072	87,011	87,609	84,620	84,542	42,727	38,967	37,717	37,243	37,635	37,576	37,311	54,840	55,553	55,015	53,718	52,961	53,124	52,800	52,135	52,041	16,803	16,198	14,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Good Will	50,358	46,399	45,488	45,488	45,498	100,773	110,247	110,247	110,247	102,342	121,289	121,286	121,130	82,104	82,104	82,104	73,928	82,104	82,104	82,104	74,659	73,928	80,112	80,112	80,112	71,061	71,061	71,061	71,061	10,078	10,078	10,078	10,078	10,078	10,078	10,078	10,588	10,588	10,588	10,588	10,588	9,484	9,484	9,105	8,421	510	510	510	3,273	3,010	3,010	3,273	3,273	0	0	0	0	0	0	0	5,996	0	0	0	72,106	0	0	0	69,030	0	0	0	68,880	0	0	0	64,221	0	0	0	62,671	0	0	0	62,104	56,770	51,461	47,913	48,070	0	0	0	52,790	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	35,670	30,817	30,271	31,681	33,099	101,489	105,214	106,722	108,230	100,257	83,140	83,636	84,133	84,705	86,424	88,451	83,816	87,100	87,775	88,451	83,266	84,359	79,519	87,343	87,615	87,901	88,187	88,477	89,017	123,178	14,865	14,441	14,736	15,043	15,350	15,663	47,298	47,698	48,095	48,504	48,918	50,061	50,569	50,025	50,583	39,121	39,121	39,121	39,176	39,139	39,158	39,176	43,959	48,636	50,966	37,356	37,573	51,496	58,455	62,478	45,777	111,429	113,934	114,927	116,774	113,846	114,060	104,499	90,850	69,833	69,846	71,103	71,130	67,286	66,790	67,161	67,312	67,147	67,032	66,968	66,195	66,902	67,111	66,583	66,245	56,756	51,489	48,055	48,070	49,043	50,779	51,284	52,516	52,086	53,318	54,483	55,466	47,159	47,904	44,620	42,840	30,533	29,581	28,900	4,263	13,018	11,453	3,402	73	881	952	147
Inventory	0	39,816	34,886	31,356	88,884	83,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	206,732	198,044	195,344	201,255	285,650	506,055	469,628	474,575	475,634	446,672	447,491	439,821	452,474	394,332	399,623	405,057	357,339	402,394	404,294	405,057	378,240	492,652	482,539	493,000	484,600	479,330	489,044	497,707	501,021	438,802	241,137	241,544	241,022	268,868	275,110	310,532	301,722	306,380	297,069	300,625	324,639	345,366	353,076	370,248	372,800	341,509	349,909	367,505	476,258	401,185	429,212	476,258	519,581	739,129	861,319	944,068	1,957,355	3,062,498	3,139,941	3,098,788	3,343,441	3,891,296	4,450,756	4,545,233	4,657,405	4,682,471	4,529,961	4,237,276	4,048,338	4,112,596	4,048,591	3,871,634	3,795,194	3,737,661	3,607,655	3,609,872	3,518,983	3,293,687	3,170,799	3,041,808	2,799,599	2,580,562	2,306,160	2,099,677	1,895,709	1,713,917	1,567,652	1,228,819	1,117,316	976,420	886,749	802,638	782,774	766,466	757,929	744,784	738,426	724,333	722,678	704,592	659,401	538,120	547,078	509,588	357,228	355,162	264,650	221,872	181,082	152,978	131,515	116,554
Long Term Debt	44,416	40,936	29,501	31,041	34,281	221,323	224,231	228,153	292,715	211,877	272,543	257,028	268,288	247,249	245,271	242,532	258,529	257,163	258,937	261,284	253,256	258,215	258,782	260,733	243,491	236,789	236,538	234,721	233,693	229,705	36,302	37,370	39,898	39,865	42,324	54,016	54,277	53,524	50,560	42,762	57,681	63,432	134,468	139,144	61,159	61,850	62,746	60,363	54,391	56,087	73,432	95,587	140,803	139,681	222,452	249,026	330,401	336,218	345,610	336,383	338,808	350,472	354,375	353,531	373,656	373,409	273,690	274,434	281,722	351,508	351,602	348,503	348,790	353,959	345,107	346,462	280,159	336,469	311,738	294,767	268,216	237,564	221,934	187,803	172,968	115,846	115,817	90,476	90,776	93,349	93,065	92,942	95,937	97,709	100,820	102,606	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	29,501	31,041	34,281	221,323	224,231	228,153	292,715	211,877	214,325	257,028	268,288	247,249	245,271	242,532	258,529	257,163	258,937	261,284	253,256	258,215	258,782	260,733	243,491	236,789	236,538	234,721	233,693	229,705	36,302	37,370	39,898	39,865	42,324	54,016	54,277	53,524	50,560	42,762	57,681	63,432	134,468	139,144	61,159	61,850	62,746	60,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	41,875	41,449	45,635	53,104	58,129	71,482	70,242	68,637	57,519	68,773	46,704	44,300	58,610	56,113	58,009	51,412	56,685	52,903	60,156	57,094	61,275	71,463	76,285	80,780	107,323	123,734	124,108	127,171	130,950	123,520	116,898	115,758	110,102	107,507	102,401	101,276	89,339	81,251	83,974	83,644	76,156	96,069	117,177	114,995	140,733	154,175	157,079	160,770	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	28,116	21,923	29,143	35,891	39,141	236,174	271,828	279,205	282,552	255,939	258,264	244,547	257,127	229,848	248,580	250,587	204,574	439,926	445,077	446,123	437,953	234,531	217,093	196,458	199,205	206,175	202,762	201,034	197,218	199,000	-3,585	-3,614	-11,803	-35,920	-43,851	-9,550	-19,749	-33,749	-16,960	-29,318	-40,908	-22,605	-4,117	-21,249	-19,654	-13,008	-12,133	-12,283	-3,659	-26,375	-40,852	-3,659	-15,648	15,110	35,764	45,017	271,675	-172,832	190,901	116,479	233,152	153,091	323,745	516,858	384,457	524,553	510,225	501,562	271,095	388,627	372,931	372,204	249,523	354,525	344,561	346,494	253,161	337,051	311,453	294,329	159,622	237,947	221,293	187,677	17,217	115,817	115,880	90,745	30,350	93,010	93,853	93,222	95,438	98,031	100,765	102,422	105,627	101,055	100,064	101,138	65,693	19,132	20,401	15,892	0	0	0	0	0	5,138	0	0
Net Invested Capital	72,125	72,513	67,337	70,534	117,763	312,166	276,104	281,701	286,991	264,702	265,965	254,647	266,290	252,959	255,219	254,989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,022	10,867	11,624	12,876	14,024	20,047	21,039	22,195	20,554	18,944	19,165	23,150	20,251	16,413	17,413	15,336	13,318	17,261	15,800	15,336	12,957	14,570	13,080	44,533	39,280	38,994	38,855	42,813	38,360	40,657	36,997	38,123	33,273	38,998	39,321	43,220	58,132	62,119	68,835	67,906	65,479	78,739	74,162	75,957	64,078	55,184	59,281	67,884	75,220	62,150	66,059	75,220	80,501	169,925	131,587	130,203	125,405	286,762	386,072	345,373	352,803	386,872	475,383	0	573,895	0	0	0	528,439	0	0	0	505,738	0	0	0	599,574	0	0	0	434,423	0	0	0	319,630	0	0	0	194,349	0	0	0	0	0	0	0	0	0	0	0	0	24,570	26,181	26,158	22,781	23,504	23,341	19,038	22,033	21,655	19,112	16,588
Net Tangible Assets	0	-45,639	-50,467	-48,265	-56,913	-167,779	-214,215	-218,727	-224,201	-202,461	-211,007	-200,561	-207,261	-154,830	-157,433	-149,682	-160,835	-154,645	-150,351	-149,919	-139,663	-130,501	-126,421	-117,215	-123,584	-110,609	-107,177	-99,286	-97,645	-85,029	22,540	22,326	23,531	25,143	27,705	20,496	-14,092	-21,987	-28,322	-23,332	-24,032	-11,540	-20,530	-11,820	6,067	38,004	67,311	74,736	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	29,363	24,175	17,220	72,463	34,992	5,005	34,990	4,506	24,541	22,083	17,466	-11,955	21,431	-14,740	15,967	-12,732	-111,187	-109,684	-104,767	-88,669	13,482	13,186	14,904	39,317	58,722	61,688	65,116	17,669	62,914	72,406	74,529	76,206	106,181	116,310	97,883	97,702	118,194	97,719	104,169	123,968	117,215	103,980	156,727	111,063	81,097,000	67,949	139,732	166,537,000	0	0	0	0	0	265,956	0	0	0	0	0	0	0	506,013	0	496,872	0	0	0	415,014	0	0	0	409,117	0	0	0	576,335	0	0	0	443,743	0	0	0	0	0	0	0	206,694	0	0	0	0	0	0	0	0	0	0	0	0	5,438	5,780	10,266	0	0	0	0	0	16,516	0	0
Non Current Assets Total	176,051	83,151	81,614	83,147	80,281	367,167	382,633	383,529	386,831	325,861	326,868	328,911	303,238	293,991	270,919	304,151	261,067	8,247	7,724	7,220	6,904	291,143	293,843	295,795	275,957	317,787	323,783	324,061	277,039	230,581	33,284	32,923	30,391	33,710	34,103	34,451	64,055	64,623	64,842	65,219	61,168	65,379	65,814	164,480	61,713	45,726,000	54,763	164,118	56,467,000	0	0	0	56,428	384,039	76,977	67,191	67,881	112,238	115,713	155,954	159,152	230,471	242,159	0	250,205	0	0	0	198,999	0	0	0	142,738	0	0	0	125,821	0	0	0	117,847	0	0	0	94,182	84,175	78,745	73,431	72,344	72,136	73,363	70,342	71,339	70,463	71,608	72,874	73,863	66,145	66,755	63,393	56,382	41,474	40,529	39,799	8,735	17,574	15,875	7,673	4,232	5,212	4,833	1,835
Non Current Liabilities Other	0	0	96,637	95,508	151,741	147,919	150,622	153,982	152,669	151,069	150,885	47,138	0	34,239	32,532	32,349	32,296	23,578	20,865	20,174	16,859	120,695	126,714	127,089	119,083	103,622	109,437	114,896	117,473	115,348	117,032	117,899	113,784	139,440	140,327	167,639	144,409	150,905	153,125	159,075	174,093	176,778	189,304	197,995	191,307	185,562	174,369	186,416	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	180,923	169,510	173,208	173,704	261,804	423,223	426,795	462,698	460,880	432,762	432,384	418,074	403,397	365,547	347,077	369,852	317,245	373,072	370,308	369,852	345,782	453,393	458,683	460,190	402,315	427,422	433,584	434,237	386,988	387,780	192,235	192,926	187,940	216,884	220,170	258,912	247,917	259,982	258,700	255,555	280,562	293,334	309,338	121,707	301,453	250,184,000	230,218	73,657	328,113,000	0	0	0	424,775	589,233	170,133	774,339	1,788,016	2,788,358	2,772,796	2,728,241	2,889,869	3,119,121	354,375	287,309	307,434	385,587	280,668	275,768	282,430	285,286	285,380	282,281	282,568	282,892	278,688	280,079	340,254	277,696	274,959	275,386	268,263	115,411	105,425	68,103	1,506,380	0	0	0	90,778	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Currrent Assets Other	-139,499	-41,449	-44,663	-52,015	-71,785	-31,250	-27,860	-28,048	-386,831	-56,888	-46,704	-44,418	-58,610	-56,292	-59,725	-59,879	-37,382	29,009	25,044	24,398	23,863	-55,951	-28,587	-104,739	-103,076	-113,611	-115,665	-119,094	-122,185	-115,734	-110,967	-111,192	-105,431	-102,549	-98,171	-96,920	-85,622	-73,200	-75,827	-74,201	-66,195	-84,963	-106,220	-164,480	-127,733	42,818,193	-106,523	-164,118	55,739,821	-194,627	-198,105	-231,179	-56,428	-384,039	-76,977	-67,191	-67,881	-112,238	-115,713	-155,954	-159,152	-230,471	-242,159	-244,205	-250,205	-247,778	-243,190	-216,628	-198,999	-170,465	-162,456	-148,045	-142,738	-128,897	-124,239	-124,662	-125,821	-122,950	-123,576	-123,224	-117,847	-114,343	-109,103	-94,177	-94,182	-84,175	-78,745	-73,431	-72,344	-72,136	-73,363	-70,342	-71,339	-70,463	-71,608	-72,874	-73,863	-66,145	-66,755	-63,393	-56,382	-41,474	-40,529	-39,799	-8,735	-17,574	-15,875	-7,673	-4,232	-5,212	-4,833	-1,835
Noncontrolling Interest In Consolidated Entity	0	0	-3,372	-3,135	437	14,497	13,692	13,635	13,981	13,516	14,669	14,243	0	13,990	13,881	13,766	13,080	12,179	11,976	12,013	11,796	10,744	10,289	10,131	5,167	1,116	1,037	935	829	764	1,353	1,713	1,752	1,664	1,750	5,329	4,402	3,689	1,419	1,987	1,446	1,083	1,394	409	343	-341	-10,346	-8,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	206,732	85,124	89,339	99,106	130,744	70,044	54,095	55,641	55,450	96,014	98,352	90,301	130,777	76,094	111,671	82,383	78,067	15,981	16,056	24,398	15,121	185,526	172,709	179,425	136,351	100,382	101,221	106,247	155,542	143,276	135,381	134,032	131,440	128,921	124,640	178,144	134,356	123,483	134,262	130,316	132,346	159,828	180,461	38,404	194,091	-140,512,491	204,102	59,522	-241,618,742	184,324	195,156	218,323	242,085	60,594	466,067	542,665	1,705,343	2,154,448	2,483,447	2,377,557	2,725,830	3,076,572	3,544,666	4,545,233	3,671,670	4,682,471	4,529,961	4,237,276	3,191,194	4,112,596	4,048,591	3,871,634	3,035,684	3,737,661	3,607,655	3,609,872	2,706,494	3,293,687	3,170,799	3,041,808	2,138,687	2,580,562	2,306,160	2,099,677	1,326,325	1,686,924	1,539,564	1,199,883	790,195	956,803	856,903	781,222	607,225	745,627	740,292	727,792	0	0	0	0	0	472,075	480,368	443,630	325,712	314,084	225,434	195,160	154,817	126,111	107,570	98,131
Other Current Assets	-30,681	-41,257	-36,439	-33,679	-92,608	-83,144	-12,581	17,724	18,270	54,827	64,007	-18,344	-16,480	-12,986	-14,013	-10,318	-9,523	21,215	0	0	17,379	5,520	13	-3	23,486	14	-24	-13	-25	5	-13	-16	1	-15	-25	-34	2,826	-27	20	-20	-11	3,673	10,615	18,689	13	12,593	-4,091	12,162	32,289	0	0	0	0	60,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	-83,995	-82,314	-82,833	-82,367	-3,231	2,602	35	20,315	294	256	191,143	206,308	2,859	222,125	2,758	63,694	2,400	9,984	0	0	4,900	162,438	162,832	164,318	2,644	154,164	2,265	2,183	1,951	1,790	-218	-212	-84	-396	-500	-731	-302	31	150	776	1,951	-1,291	-4,799	-10,637	-2,077	-9,107	3,518	-4,133	16,841,000	0	0	0	0	0	-52,319	0	0	0	0	0	0	0	-157,918	-229,549	-238,658	-138,966	-229,557	-225,794	-243,131	-103,341	-87,551	-89,923	-207,655	-71,633	-65,873	-66,415	-110,332	-59,355	-36,494	-18,943	-99,321	-122,536	-115,868	-119,574	0	-115,817	-115,880	-90,745	-48,084	-93,010	-93,853	-93,222	-95,438	-98,031	-100,765	-102,422	-105,627	-101,055	-100,064	-101,138	-65,693	-19,132	-20,401	-15,892	0	0	0	0	0	-5,138	0	0
Other Liab	0	86,770	87,121	0	86,889	115,678	119,181	117,925	117,770	117,012	116,356	115,322	116,949	86,222	86,397	87,798	86,540	94,718	93,027	90,657	76,468	77,038	75,226	135,765	158,824	140,874	142,133	145,648	148,095	146,748	147,747	147,498	142,458	173,221	173,966	200,906	188,338	201,333	203,306	208,192	221,848	221,785	230,882	236,171	235,338	190,486	183,538	196,304	197,078	174,980	191,547	214,899	66,879	99,647	104,629	119,724	1,028,073	453,307	462,223	495,377	536,480	604,711	719,072	729,154	758,490	804,575	801,204	710,636	682,452	740,287	746,833	697,054	649,228	652,459	667,449	680,008	633,809	663,661	702,085	680,973	598,675	1,729,240	575,804	576,696	493,624	478,435	609,750	327,610	270,650	273,342	247,339	210,249	186,650	175,929	174,638	158,403	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	376,117	179,854	175,231	370,864	359,493	358,711	359,044	358,854	358,646	357,714	355,839	355,507	354,750	354,361	353,609	353,886	353,890	38,419	39,325	39,922	40,768	354,141	356,609	356,313	356,021	355,721	354,422	354,127	353,882	343,106	342,864	341,847	341,646	341,443	341,249	341,045	340,844	340,595	325,631	325,427	324,803	15,955	15,824	15,757	15,757	312,252	312,125	311,993	311,686	0	0	0	311,579	18,171	314,318	19,205	315,840	21,294	8,670	9,153	332,135	8,889	8,287	412,442	7,619	417,475	378,218	367,049	5,352	334,067	333,490	334,709	3,237	412,276	389,586	394,637	1,901	375,798	354,507	360,127	523	346,818	265,329	243,687	0	224,939	235,560	223,868	0	138,118	99,447	94,253	99,011	98,403	99,955	102,285	102,251	108,201	109,591	108,607	107,166	112,826	114,108	115,250	115,372	118,315	44,579	44,519	44,213	19,599	20,650	20,624
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
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	5,486	5,477	5,469	5,461	5,452	6,444	6,436	6,427	6,419	6,411	6,402	6,394	6,386	6,377	6,360	6,330	6,330	6,343	6,402	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	95,936	96,952	97,975	98,798	102,391	104,645	103,142	102,612	103,443	104,645	103,142	104,196	105,200	107,200	108,000	109,100	114,800	115,900	117,000	91,200	5,400	5,500	5,600	5,700	5,800	5,900	6,000	1,300	1,400	1,700	1,700	2,000	2,200	2,400	2,700	3,300	12,500	12,900	13,040	13,369	13,537	13,522	12,469	25,434	26,011	29,835	30,308	60,742	57,258	93,476	113,375	119,042	128,225	129,278	133,431	133,932	129,130	112,129	108,149	100,632	92,610	76,942	71,608	61,611	57,449	57,501	58,509	55,803	56,544	56,256	51,652	47,441	41,992	27,594	27,937	0	0	0	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 Net	2,736	1,479	1,567	1,718	1,684	106,912	108,880	109,866	110,835	95,118	95,936	96,952	97,975	98,798	102,391	104,645	103,142	0	0	0	0	104,196	105,246	107,166	108,230	109,066	114,809	115,855	116,961	91,239	5,373	5,458	5,577	5,687	5,795	5,851	6,169	1,261	1,421	1,671	1,662	1,952	2,159	2,448	2,709	3,323	12,479	12,856	13,522	0	0	0	12,469	25,434	26,011	29,835	30,308	60,742	57,258	93,476	113,375	119,042	128,225	129,278	133,431	133,932	129,130	112,129	108,149	100,632	92,610	76,942	71,608	61,611	57,449	57,501	58,509	55,803	56,544	56,256	51,652	47,441	41,992	27,594	27,937	27,419	27,256	25,376	24,274	23,093	22,584	19,058	18,823	18,377	18,290	18,391	18,397	18,986	18,851	18,773	13,542	10,942	10,948	10,899	4,472	4,556	4,422	4,271	4,159	4,331	3,881	1,688
Property Plant Equipment	0	1,479	20,095	20,106	773	106,025	107,079	107,863	110,835	92,760	95,936	94,192	97,975	95,924	100,008	98,011	99,064	100,110	101,178	102,151	103,142	104,196	105,246	106,975	108,230	109,066	114,809	115,855	116,961	91,239	5,373	5,458	5,577	5,687	5,795	5,851	6,169	1,261	1,421	1,671	1,662	1,952	2,159	2,448	2,709	3,323	12,479	12,856	13,040	13,369	13,537	13,522	12,469	25,434	26,011	29,835	30,308	60,742	57,258	93,476	113,375	119,042	128,225	129,278	133,431	133,932	129,130	112,129	108,149	100,632	92,610	76,942	71,608	61,512	57,540	57,496	58,467	55,706	56,596	56,340	51,643	47,365	42,114	27,612	27,965	27,426	27,241	25,301	24,273	23,178	22,394	19,001	18,922	18,316	18,280	18,396	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-346,868	-345,051	-344,025	-342,585	-370,427	-362,130	-400,470	-397,802	-395,149	-395,859	-394,851	-394,167	-394,807	-391,961	-388,082	-379,218	-381,203	-384,080	-379,872	-379,218	-382,196	-372,383	-364,917	-356,273	-313,486	-308,854	-307,328	-299,432	-297,668	-310,493	-311,292	-310,547	-308,995	-306,655	-305,764	-309,923	-312,050	-312,596	-305,636	-300,640	-298,930	-287,906	-289,784	-279,501	-262,069	-248,369	-218,230	-212,214	-198,874	-194,181	-201,435	-198,874	-231,815	-185,476	-187,970	-169,476	-193,572	-118,053	71	39,425	98,564	462,282	483,598	481,506	521,165	629,793	610,251	572,452	560,126	550,280	517,194	483,795	460,050	493,750	438,948	417,526	383,425	336,995	295,289	274,993	254,421	230,956	219,352	183,133	155,397	138,124	130,391	113,828	103,714	98,293	93,768	82,042	80,136	74,976	69,584	66,055	63,872	71,658	64,390	56,584	51,499	46,716	42,161	39,096	33,612	31,170	26,458	21,789	18,969	16,223	14,352	12,037
Retained Earnings Total Equity	0	0	-344,025	-342,585	-370,427	-362,130	-400,470	-397,802	-395,149	-395,859	-394,851	-394,167	0	-391,961	-390,725	-389,196	-388,082	-384,080	-379,872	-379,218	-382,196	-368,689	-365,128	-354,669	-313,487	-308,854	-307,328	-299,432	-297,668	-310,493	-311,292	-310,547	-308,995	-306,655	-305,764	-309,923	-312,050	-312,596	-305,636	-300,640	-298,930	-287,906	-289,784	-279,501	-262,069	-248,369	-218,230	-212,214	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,768	0	241,806	243,655	3,981	236,789	241,638	239,821	238,793	0	0	0	44,798	0	0	0	58,977	0	0	0	57,681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	45,614	42,106	43,305	44,182	103,309	284,814	283,532	292,258	295,194	274,078	275,357	260,036	271,501	250,354	262,058	263,939	236,488	453,004	455,976	459,475	452,572	258,215	241,806	243,655	243,491	236,789	236,538	234,721	233,693	229,705	36,302	37,370	39,898	39,865	42,324	54,016	54,277	53,524	50,560	42,762	57,681	63,432	67,234	69,572	61,159	47,863	50,968	60,363	95,587	56,087	60,853	95,587	124,919	139,681	222,452	249,026	330,401	336,218	345,610	336,383	338,808	350,472	512,293	516,858	546,092	524,553	510,225	501,562	400,801	388,627	372,931	372,204	360,557	354,525	344,561	346,494	340,254	337,051	311,453	294,329	268,263	237,947	221,293	187,677	172,791	115,817	115,880	90,745	90,778	93,010	93,853	93,222	95,438	98,031	100,765	102,422	105,627	101,055	100,064	101,138	65,693	19,132	20,401	15,892	0	0	0	0	0	5,138	0	0
Short Term Debt	504	124	233	447	1,217	162	203,432	205,482	207,504	189,601	191,143	192,057	192,057	193,741	0	0	0	0	0	0	4,768	0	241,806	243,655	3,981	236,789	241,638	239,821	238,793	0	0	0	44,798	0	0	0	58,977	0	0	0	57,681	0	0	0	0	0	1,656	1,690	2,250,000	0	0	0	0	0	52,319	0	0	0	0	0	0	0	157,918	229,549	238,658	138,966	229,557	225,794	118,371	103,341	87,551	89,923	77,989	71,633	65,873	66,415	0	59,355	36,494	18,943	0	122,536	115,868	119,574	0	115,817	115,880	90,745	0	93,010	93,853	93,222	95,438	98,031	100,765	102,422	105,627	101,055	100,064	101,138	65,693	19,132	20,401	15,892	0	0	0	0	0	5,138	0	0
Short Term Investments	161	160	158	158	157	157	157	157	157	157	157	157	157	157	155	153	152	2,189	2,815	3,064	152	151	151	151	151	151	151	151	401	670	670	935	400	400	400	400	400	401	401	401	501	586	586	586	585	335	335	3,335	38,324	21,335	13,334	38,324	62,011	56,152	50,975	62,498	68,138	271,686	411,005	456,669	405,619	416,849	570,449	614,284	714,339	0	0	0	602,114	0	0	0	712,709	0	0	0	480,150	0	0	0	466,582	0	0	0	183,237	0	0	0	180,669	0	0	0	140,719	0	0	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
Total Assets	206,732	198,044	195,344	201,255	285,650	506,055	469,628	474,575	475,634	446,672	447,491	439,821	452,474	394,332	399,623	405,057	357,339	402,394	404,294	405,057	378,240	492,652	482,539	493,000	484,600	479,330	489,044	497,707	501,021	438,802	241,137	241,544	241,022	268,868	275,110	310,532	301,722	306,380	297,069	300,625	324,639	345,366	353,076	370,248	372,800	341,509	349,909	367,505	476,258	401,185	429,212	476,258	519,581	739,129	861,319	944,068	1,957,355	3,062,498	3,139,941	3,098,788	3,343,441	3,891,296	4,450,756	4,545,233	4,657,405	4,682,471	4,529,961	4,237,276	4,048,338	4,112,596	4,048,591	3,871,634	3,795,194	3,737,661	3,607,655	3,609,872	3,518,983	3,293,687	3,170,799	3,041,808	2,799,599	2,580,562	2,306,160	2,099,677	1,895,709	1,713,917	1,567,652	1,228,819	1,117,316	976,420	886,749	802,638	782,774	766,466	757,929	744,784	738,426	724,333	722,678	704,592	659,401	538,120	547,078	509,588	357,228	355,162	264,650	221,872	181,082	152,978	131,515	116,554
Total Current Assets	0	29,769	24,391	19,002	74,625	68,844	32,900	35,405	33,353	24,797	22,271	20,609	18,459	24,247	17,033	18,523	18,205	19,485	16,145	18,370	18,053	15,983	15,987	17,780	72,292	61,161	64,040	67,399	68,440	64,945	72,472	74,589	79,191	106,237	116,367	97,937	103,311	118,274	97,965	105,090	131,125	120,159	106,801	167,364	116,996	95,128,000	91,044	143,865	185,628,000	0	0	0	221,068	294,496	318,275	334,212	184,131	795,812	540,781	565,277	458,459	584,253	663,931	0	735,530	0	0	0	658,145	0	0	0	616,772	0	0	0	686,667	0	0	0	543,065	0	0	0	475,203	0	0	0	254,777	0	0	0	0	0	0	0	0	0	0	0	0	24,570	26,181	26,158	22,781	23,504	23,341	19,038	22,033	21,655	19,112	16,588
Total Current Liabilities	504	406	216	1,782	2,162	33,852	27,895	415	28,847	256	188	3,143	30,414	2,816	31,773	2,556	30,937	130,672	125,829	123,137	106,722	2,501	2,801	2,876	32,975	2,439	2,352	2,283	50,771	2,031	66	60	2,985	56	57	54	5,609	80	246	921	7,157	2,944	2,821	10,637	5,933	14,031,000	23,095	4,133	19,091,000	0	0	0	0	0	52,319	0	0	0	0	0	0	0	157,918	229,549	238,658	138,966	229,557	225,794	243,131	103,341	87,551	89,923	207,655	71,633	65,873	66,415	110,332	59,355	36,494	18,943	99,321	122,536	115,868	119,574	0	115,817	115,880	90,745	48,084	93,010	93,853	93,222	95,438	98,031	100,765	102,422	105,627	101,055	100,064	101,138	65,693	19,132	20,401	15,892	0	0	0	0	0	5,138	0	0
Total Liab	182,121	169,916	173,424	175,486	263,529	457,075	454,690	462,698	460,880	433,018	432,572	421,217	433,811	368,363	378,850	372,408	332,547	387,835	384,766	384,421	359,978	456,737	443,645	446,352	435,290	429,861	435,936	436,520	437,759	389,811	192,301	192,986	190,925	216,940	220,227	258,966	253,526	260,062	258,946	256,476	287,719	296,278	312,159	322,529	307,386	264,215	253,313	261,763	347,204	274,476	303,312	347,204	424,775	589,233	709,485	774,339	1,788,016	2,788,358	2,772,796	2,728,241	2,889,869	3,119,121	3,596,315	3,651,285	3,716,604	3,635,203	3,541,492	3,297,775	3,147,376	3,207,352	3,176,535	3,044,621	2,990,479	2,966,112	2,879,020	2,905,835	2,852,559	2,664,136	2,572,463	2,468,447	2,255,972	2,050,030	1,868,045	1,688,446	1,506,380	115,817	115,880	90,745	780,099	93,010	93,853	93,222	95,438	98,031	100,765	102,422	105,627	101,055	100,064	101,138	65,693	19,132	20,401	15,892	0	0	0	0	0	5,138	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,844	33,417	41,179	43,849	44,017	46,664	54,751	56,835	42,572	42,425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	27,709	31,577	25,292	28,904	21,684	34,483	1,246	-1,758	773	138	250	4,361	4,506	11,979	7,693	20,636	19,158	8,004	13,231	14,590	12,462	26,816	33,491	41,353	44,143	48,353	52,071	60,252	62,433	48,227	47,483	46,845	48,345	50,264	53,133	46,237	43,794	42,629	36,704	42,162	35,474	48,005	39,523	47,310	65,071	77,635	106,942	114,367	129,577	130,198	128,413	129,577	94,806	149,896	151,834	169,729	169,339	274,140	367,145	370,547	453,572	772,175	854,441	893,948	940,801	1,047,268	988,469	939,501	900,962	905,244	872,056	827,013	804,715	771,549	728,635	704,037	666,424	629,551	598,336	573,361	543,627	530,532	438,115	411,231	389,329	371,590	363,320	347,554	337,217	244,039	198,090	183,141	181,845	176,559	171,766	169,028	166,744	181,151	175,535	168,166	162,832	159,542	156,269	154,346	148,985	149,485	71,037	66,308	63,182	35,822	35,002	32,662
Treasury Stock	0	0	0	0	-492	-492	-492	-492	-492	-492	-492	-492	-492	-492	-492	-492	-492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,219	6,013	5,942	6,655	6,576	6,497	6,914	6,828	6,742	0	6,269	6,039	5,815	6,819	6,555	6,297	6,046	5,800	5,957	5,692	5,433	5,461	5,452	6,444	6,436	6,427	6,419	6,411	6,402	6,394	6,386	6,377	6,360	6,330	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

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	77,232	29,899	44,945	25,661	43,874	20,774	36,475	51,701	71,234	98,589	80,813	85,486	140,567	49,577	63,928	161,635	129,706	111,034	87,103	117,194	188,870	61,106	18,744	8,043	4,961	3,776	2,935	1,021	2,640
Capital Expenditures	205	26,461	830	213	519	519	4,549	645	203	4,656	1,126	170	1,344	1,509	2,005	3,887	21,069	43,356	19,338	13,850	28,400	3,692	5,305	5,556	22,807	92,126	2,516	6,347	587
Cash And Cash Equivalents Changes	0	48,434	-15,046	19,284	-5,917	5,815	7,811	-15,226	-19,533	-24,563	17,776	-4,673	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-4,531	-15,536	-6,269	3,978	-951	6,487	1,466	-29,781	-15,887	-10,797	-6,674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-59,734	47,333	-15,046	19,284	5,815	11,216	7,811	-15,226	-19,533	-24,563	17,776	-4,673	-55,081	90,990	-5,202	-55,979	31,929	18,672	23,931	-30,100	-80,229	94,467	41,684	11,854	3,376	911	1,118	2,043	-1,613
Change In Working Capital	-24,342	4,875	-17,176	7,056	2,158	36,156	3,213	-593	-25,243	-14,676	-15,833	-12,861	-31,469	-3,633	-539,063	-327,128	166,403	85,307	165,398	-100,079	-27,218	142,905	62,837	105,436	34,038	36,850	83,856	81,786	17,524
Change Receivables	0	-7	1,669	-438	-4,478	-1,279	-1,624	4,883	5,435	14,378	-2,054	-16,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	3,669	-136	-791	931	997	997	2,165	-4,245	4,078	8,875	-2,054	-16,952	13,704	0	10,320	183,929	-177,024	29,298	34,713	-204,854	-97,129	1,188	3,387	22,289	21,566	1,367	-13,347	-8,317	-1,100
Change To Inventory	0	0	0	0	0	0	0	2,869	-8,198	-27,462	-13,662	-4,504	-35,999	0	0	0	-17,307	53,470	21,459	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-6,504	-2,354	-2,333	-1,442	6,017	-1,650	4,942	-2,355	-11,987	-592	10,765	894	0	0	0	292,218	81,513	128,551	495,514	577,505	235,387	83,090	0	0	0	0	0	0
Change To Netincome	0	-50,892	781	-5,387	-514	8,577	-15,890	1,255	-9,541	7,691	1,324	12,864	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	11,515	-14,031	8,458	3,140	-4,856	-9,603	-4,435	-25,332	-5,498	-17,780	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6,220	6,449	8,627	6,728	6,711	6,711	5,572	2,780	1,845	1,787	3,838	2,955	2,271	6,621	10,650	67,763	15,542	4,961	18,504	574	659	455	4,192	4,901	5,650	2,865	-280	-438	-1,393
Dividends Paid	0	149	1,251	0	780	780	47	1,220	329	0	0	0	0	0	1,849	15,460	15,710	12,988	9,426	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	17,498	77,232	29,899	44,945	49,689	31,990	44,286	36,475	51,701	74,026	98,589	80,813	85,486	140,567	58,726	105,656	161,635	129,706	111,034	87,093	108,641	155,574	60,428	19,897	8,337	4,688	4,053	3,064	1,027
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-26,416	11,887	-6,738	1,459	-10,143	-4,742	-14,428	-16,234	-33,008	-9,968	-42,940	-46,866	-77,458	-71,454	-668,321	-466,357	-99,317	123,872	254,409	125,773	22,838	41,882	24,456	56,127	413	-51,044	29,280	26,557	7,479
Investments	6,457	32,238	4,505	4,009	-2,453	15,986	27,943	26,063	26,395	-21,372	48,567	27,252	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	1,043	572	14,332	1,397	-4,392	2,272	1,220	-12,920	-14,356	-12,537	-4,074	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	25,097	27,870	1,860	-5,416	-29,400	-30,101	-11,132	522	1,269	-11,224	-36,084	-53,278	-26,078	-61,125	-106,340	-405,865	-18,526	123,309	135,008	108,976	65,766	50,519	28,223	18,317	9,371	20,183	15,513	8,171	2,786
Other Cashflows From Financing Activities	-5,453	-26,293	18,398	27,912	1,082	11,529	5,011	1,220	329	14,803	60,027	-2,418	2,418	-50,303	32	-175,175	146,324	125,540	17,378	135,828	90,967	81,679	-214,628	-9,632	31,971	56,317	-103,702	-1,094	-19,724
Other Cashflows From Investing Activities	0	68,702	-7,768	4,222	-3,801	4,062	-3,380	494	26,395	38,653	12,586	18,883	0	308,501	41,690	36,215	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-32,559	-59,226	-3,558	-6,521	12,275	6,635	573	-9,506	-11,565	6,862	5,505	15,049	-24,224	-9,243	-10,248	98,257	-218,514	-26,320	-49,064	85,962	-8,119	-147,289	-67,197	-66,787	-24,805	-24,155	-56,393	-55,886	-10,632
Sale Purchase Of Stock	-7,235	-396	-499	-83	0	678	-47	-125	-12,920	21,133	12,100	100	0	0	-27,053	-5,172	-8,129	-19,251	0	0	0	0	0	0	-11,024	-391	-1,118	0	0
Stock Based Compensation	1,639	4,052	3,598	826	-1,661	0	1,186	1,015	802	1,238	325	354	-37	3,553	9,095	9,757	-7,951	-2,667	10,825	21,599	11,435	2,379	-3,050	0	0	0	0	0	0
Total Cash From Financing Activities	-39,938	-37,932	-540	13,603	-4,090	-4,090	2,225	9,132	-12,920	6,777	-437	-3,942	-7,939	-188,750	-37,309	-213,235	106,293	14,616	10,878	69,621	176,931	82,289	126,079	-9,619	20,946	55,927	73,025	27,213	10,118
Total Cash From Operating Activities	-26,211	-14,574	-5,908	1,672	-10,143	-4,742	-18,977	-15,589	-32,805	-14,624	-41,814	-46,696	-76,114	-69,945	-666,316	-462,470	-99,317	167,228	273,747	125,773	22,838	41,882	24,456	61,683	23,220	41,082	31,796	32,904	8,065
Total Cashflows From Investing Activities	0	100,940	-8,598	4,009	-6,466	20,048	24,563	-8,769	26,192	-16,716	60,027	45,965	28,412	350,737	604,817	509,308	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
Begin Period Cash Flow	29,286	23,780	19,752	77,232	61,805	26,196	29,735	29,899	36,279	44,633	45,031	44,945	31,449	27,809	33,840	31,578	41,703	10,899	13,352	14,619	9,045	43,230	47,197	44,286	30,614	33,776	33,687	36,475	30,705	39,887	40,984	51,701	75,785	86,175	63,566	71,234	87,273	67,520	72,080	98,589	86,037	71,351	90,821	80,813	60,871	63,101	72,646	85,486	140,567	101,705	99,246	140,567	124,571	186,688	204,009	58,726	518,943	154,709	219,904	105,656	197,381	188,548	144,679	161,635	97,265	126,156	169,249	129,706	37,655	74,383	106,285	111,034	69,409	69,783	93,481	86,585	86,538	61,956	81,811	107,409	95,845	60,668	143,992	166,718	159,066	91,858	64,980	60,375	42,876	21,074	20,702	18,928	13,189	16,535	2,893	8,334	8,166	10,405	5,222	4,759	5,897	9,384	9,282	4,078	12,077	26,313	13,681	3,040	15,048	2,197	367	1,028
Capital Expenditures	123	66	9	5	26,638	220	65	112	141	183	278	228	67	41	48	16	80	30	16	16	31	630	28	52	4,685	75	18	43	4	19	611	11	28	31	105	39	5,040	80	16	288	671	186	86	183	108	440	154	348	234	346	235	234	1,509	16,114	-3,824	-473	962	1,043	1,630	2,873	3,887	2,549	3,338	1,474	17,382	2,555	14,752	75	9,695	9,904	16,140	7,617	10,921	5,376	2,102	939	13,850	2,371	2,174	5,268	28,400	7,192	14,889	282	6,002	2,544	1,748	1,710	8,063	1,318	3,885	1,081	3,950	729	464	413	4,093	674	4,621	13,419	40,758	1,266	1,162	51,472	6,597	2,733	3,176	9,555	259	57	2,774	3,890
Cash And Cash Equivalents Changes	0	0	4,070	-57,556	16,528	35,609	-3,539	-164	-6,380	-8,354	-398	86	13,496	3,640	-4,118	6,266	-8,179	5,621	-2,311	-1,048	12,738	-6,483	-4,429	3,450	13,672	-3,162	89	-2,788	5,770	-9,182	-1,097	-10,717	-24,084	-10,390	22,609	-7,668	-13,247	19,753	-4,560	-26,509	12,552	14,686	-19,470	10,008	19,942	-2,230	-9,545	-12,840	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-959	-1,268	6,529	-9,498	941	-2,503	-565	-2,706	-11,255	-1,010	-8,058	2,196	255	-662	8,434	4,714	-2,175	-6,995	4,912	-5,685	-3,656	1,173	13,880	910	-1,740	-6,563	10,560	-5,540	-396	-3,158	-26,717	-170	-88	-2,806	10,470	-9,407	-8,911	-8,039	1,544	-4,028	-2,073	-6,240	-4,551	11,423	-11,664	-1,882	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-11,788	6,060	4,028	-57,480	15,427	35,609	-3,539	-164	-6,380	-8,354	-398	86	13,496	3,640	-8,179	-1,048	7,986	5,621	-2,311	-1,048	8,366	-1,527	-3,967	2,911	13,672	-3,162	89	-2,788	5,770	-9,182	-1,097	-10,717	-24,084	-10,390	22,609	-7,668	-13,247	19,753	-4,560	-26,509	12,552	14,686	-19,470	10,008	19,942	-2,230	-9,545	-12,840	-41,321	-19,243	2,459	-41,321	15,996	-62,117	-17,321	145,283	-460,217	364,234	-65,195	114,248	-91,725	8,833	43,869	-16,956	64,370	-28,891	-43,093	39,543	92,051	-36,728	-31,902	-4,749	41,625	-374	-23,698	6,896	555	24,582	-19,855	-25,598	12,796	35,177	-83,324	-22,726	-3,492	67,208	26,878	4,605	17,552	21,802	372	1,774	6,708	-3,346	13,642	-5,441	171	-2,239	5,183	463	-1,209	-3,487	102	5,203	-8,024	-14,235	12,631	10,641	-11,984	12,851	1,830	-661
Change In Working Capital	-18,136	-649	-594	-4,718	-5,263	7,049	347	2,742	-1,447	-707	-10,863	-4,159	3,323	2,133	-564	-1,763	4,170	-1,503	-4,917	-16,098	89,416	-805	612	-1,819	12,127	-2,758	865	-7,021	4,191	-5,134	1,586	-1,236	-22,726	30	-844	-1,703	-359	3,824	-7,340	-10,801	2,364	-5,038	-7,301	-5,858	2,145	7,595	-10,837	-11,764	-4,330	-35,212	-8,838	-4,330	108,478	-34,396	-18,442	-59,273	-499,232	70,705	-37,517	-73,019	-70,896	-211,043	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	91,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-342	-4,486	0	0	0	0	0	0	0	0	0
Change Receivables	0	0	944	711	-1,433	48	962	416	-1,305	795	4,043	-1,864	-1,622	-592	-498	2,274	-3,159	-300	-236	-783	286	-1,837	173	-2,577	1,187	-2,316	3,958	-4,453	10,407	-1,721	1,175	-4,978	5,772	364	3,945	-4,646	4,257	6,763	-1,892	5,250	4,689	3,239	2,212	-12,194	749	-8,032	3,833	-13,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	335	970	482	-249	427	1,265	229	-2,057	876	-574	-58	-1,035	1,115	-302	3,007	-1,071	3,458	-1,161	-228	-1,071	3,458	-1,574	4,107	-4,994	2,308	-1,721	3,709	-2,131	2,010	-1,854	787	-5,188	3,704	-715	5,540	-4,451	4,339	2,539	3,415	-1,418	4,689	3,239	2,212	-12,194	-1,166	-3,245	8,225	-12,906	-1,664,000	2,158	7,609	5,074	0	0	0	0	10,857	0	0	0	223,805	0	0	0	0	0	0	0	29,266	0	0	0	34,713	0	0	0	0	0	0	0	0	0	0	45,576	1,185	0	0	0	3,378	0	0	0	22,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,483	0	-4,924	0	3,471	-2,126	-1,110	2,634	-24	-1,721	-7,032	579	-6,264	27	-12,879	-8,346	-6,176	-5,331	-5,281	3,126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-519	466	0	-6,504	0	1,444	660	-1,927	-928	1,575	-1,074	-1,756	310	-854	-33	-7,060	1,790	2,079	1,749	1,145	3,392	786	2,469	-2,940	-1,352	-1,353	3,995	-4,892	2,127	807	6,900	-3,239	-164	-4,701	5,749	-2,511	373	-1,837	-8,012	-2,925	-2,803	-7,440	12,576	-3,979	7,381	-588	7,951	912	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	291,254	0	0	0	95,036	0	0	0	149,891	0	0	0	495,514	0	0	0	577,505	0	0	0	235,387	0	0	0	83,090	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	-652	-1,441	-35,451	-31,092	-26,782	705	6,277	-1,587	2,480	318	2,300	-936	-854	-584	-2,046	2,544	-1,267	-323	-1,468	17,073	-1,890	7,410	-1,560	-18,342	-2,107	5,142	-583	8,749	-3,372	-2,257	-1,865	3,498	-2,618	-8,318	-2,103	-1,086	3,351	3,458	1,968	2,905	-12,362	1,118	9,663	11,922	-1,575	551	1,966	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-1,100	-1,542	-1,542	-3,975	-3,975	-1,326	4,139	-396	795	-12,380	-2,050	3,964	2,125	2,125	2,726	2,726	1,896	196	-2,441	3,133	-6,189	-6,189	-1,391	-8,433	113	113	-6,433	-4,435	-4,848	1,346	0	-25,332	0	0	0	-6,389	0	0	0	-18,888	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,754	1,492	1,482	1,492	-467	2,244	2,342	2,330	2,258	3,231	1,590	1,548	1,723	1,670	1,771	1,606	1,562	1,773	1,767	1,606	1,612	2,445	1,316	1,388	1,393	1,386	1,353	1,440	818	1,265	272	425	445	446	474	480	-219	638	675	693	1,052	901	883	1,002	1,913	-21	531	532	691	533	501	691	1,496	377	2,522	2,226	-6,176	6,940	6,058	3,828	52,843	3,681	8,778	2,461	13,482	-960	2,116	904	1,437	946	-750	3,328	2,077	5,117	5,162	6,148	-22,951	7,626	9,125	6,774	-10,966	4,838	4,023	2,764	-5,476	3,200	1,414	1,317	1,681	-1,322	3,203	630	1,313	416	830	2,342	1,635	1,515	1,376	1,124	375	654	1,063	773	-63	-72	72	-217	3	-74	-440	73
Dividends Paid	5,483	10,145	1,401	0	424	0	0	0	0	0	0	0	0	0	0	0	780	0	0	0	0	780	0	0	47	0	0	0	10,352	0	0	329	329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,891	7,891	977	872	3,345	3,907	4,069	4,139	4,150	4,069	3,917	3,574	3,647	3,138	3,156	3,047	2,136	2,693	2,264	2,333	0	0	0	0	0	0	0	0	0	0	0	0	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	17,498	29,840	23,780	19,752	77,232	61,805	26,196	29,735	29,899	36,279	44,633	45,031	44,945	31,449	25,661	30,530	49,689	16,520	11,041	13,571	17,411	41,703	43,230	47,197	44,286	30,614	33,776	33,687	36,475	30,705	39,887	40,984	51,701	75,785	86,175	63,566	74,026	87,273	67,520	72,080	98,589	86,037	71,351	90,821	80,813	60,871	63,101	72,646	99,246	82,462	101,705	99,246	140,567	124,571	186,688	204,009	58,726	518,943	154,709	219,904	105,656	197,381	188,548	144,679	161,635	97,265	126,156	169,249	129,706	37,655	74,383	106,285	111,034	69,409	69,783	93,481	87,093	86,538	61,956	81,811	108,641	95,845	60,668	143,992	155,574	159,066	91,858	64,980	60,428	42,876	21,074	20,702	19,897	13,189	16,535	2,893	8,337	8,166	10,405	5,222	4,688	5,897	9,384	9,282	4,053	12,077	26,313	13,681	3,064	15,048	2,197	367
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-16,899	-901	-1,645	-6,668	2,721	3,317	2,340	3,729	1,995	3,281	-9,917	-2,097	1,197	1,383	-816	-2,943	6,464	2,433	355	-2,943	5,529	-10,140	-4,813	-1,654	-768	-5,286	-499	-7,875	-4,467	-5,833	-1,828	-4,106	-22,295	-2,986	-7,875	148	4,830	1,776	-7,346	-9,228	-3,810	-13,269	-14,419	-11,442	-6,114	-9,313	-14,284	-17,155	-20,733	-25,892	-11,978	-20,733	75,918	-55,236	-31,991	-74,750	-434,915	-57,280	-73,804	-104,152	-143,099	-240,693	-14,475	-65,677	-176,040	37,230	67,667	-28,174	10,196	33,160	85,352	-4,836	37,908	68,582	112,959	34,960	-163,304	102,546	100,840	75,878	-283,788	132,158	86,683	65,422	-162,324	97,134	70,495	36,577	-68,572	42,191	30,313	14,240	22,342	15,697	17,192	895	686	7,295	15,833	-23,400	-47,702	25,763	12,874	-41,979	-4,493	13,694	26,883	-6,805	4,315	11,844	11,793	-1,395
Investments	-10,242	1,571	736	943	-613	35,083	-2,150	-82	1,104	-12,566	-1,352	779	-2,533	2,797	-4,136	7,235	-4,532	4,096	-198	-1,819	7,274	376	4,237	4,808	18,193	2,811	1,233	5,706	34,066	-2,248	856	-6,611	-2,389	-6,804	43,404	-7,816	-18,120	3,230	-4,816	-1,666	28,329	15,842	-3,999	8,395	7,173	11,157	4,739	4,183	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-1,225	-1,576	-3,276	10,801	-2,691	-3,702	-3,365	1,350	-2,292	11,157	-11,328	15,368	-1,195	1,712	-1,553	-2,546	-1,935	-1,997	7,875	-1,135	-1,328	-1,079	-1,053	4,223	-687	-645	-619	1,827	-607	-607	0	-1,220	0	-12,920	0	-14,356	0	0	-14,356	-11,954	0	0	-583	0	-4,074	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	60	-797	-1,777	27,732	-4,534	37,273	-2,365	-2,504	1,443	-226	-256	899	-2,478	-1,124	-3,100	3,189	-12,818	-4,208	-654	2,978	-13,509	-4,830	-9,725	-2,027	-444	-1,562	-7,642	-1,484	1,305	1,587	-875	-1,495	-2,104	-894	2,259	2,008	1,351	-6,095	-5,474	-1,006	-10,653	1,574	-9,669	-17,336	-13,005	-20,034	-7,717	-12,522	-17,047	7,252	-2,558	-17,806	-28,226	211	-16,314	-16,796	106,952	-116,648	-38,377	-58,267	-360,373	-17,414	6,321	-34,399	-103,494	23,611	41,716	19,641	16,848	37,405	40,174	28,882	30,830	36,153	29,356	38,669	33,844	27,123	24,551	23,458	15,944	11,580	21,637	16,605	16,415	12,670	11,230	10,204	6,088	8,419	7,905	5,811	4,958	6,340	4,815	2,204	-8,459	6,884	6,649	4,297	4,982	5,748	4,179	5,274	3,147	4,756	4,571	3,040	2,813	1,844	2,341	1,174
Other Cashflows From Financing Activities	37,952	9,162	1,207	-3,735	-25,045	-254	-244	-453	5,949	-328	12,984	-207	25,097	3,411	-4,865	8,930	1,082	1,214	-3,528	22,032	4,991	9,635	1,795	5,465	5,011	2,736	1,215	5,663	10,477	-607	245	-6,622	329	-7,435	-12,920	-7,855	8,069	21,090	2,829	-9,615	27,658	15,656	-5,137	21,850	762	11,597	4,585	3,835	4,611	1,869	-22,181	4,611	70,278	29,183	-14,872	-1,336	11,363	-27,846	2,586	-368	-2,199	-157,693	-4,856	-10,655	20,348	1,758	-7	106,951	19,098	15,806	-3,206	12,152	5,111	6,140	8	6,119	-369	21,809	17,548	27,956	33,214	18,368	28,976	10,409	57,109	-608	25,182	-4	-2,385	495	-511	-2,018	-7,851	187	1,280	-3,237	4,070	807	-405	27,499	47,278	-592	4,474	4,922	0	-104,566	0	7,384	-5,132	5,136	3	-1,101
Other Cashflows From Investing Activities	0	0	8,141	5,308	67,984	494	217	7	-7,768	3,551	12,366	12,932	4,222	655	3,236	137	-285	1,027	-471	-4,072	-1,977	4,549	-3,173	1,340	-3,380	1,017	1,017	1,159	988	-494	1,404	1,093	44,919	-600	44,919	1,391	44,919	4,214	2,797	-7,661	7,263	5,568	-1,052	13,638	18,883	5,652	3,765	0	0	0	0	0	307,575	253,553	253,531	252,694	43,858	0	0	0	44,067	44,067	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,004	-1,055	-1,059	-31,536	-12,810	-49,835	2,019	1,400	-913	-1,023	-284	-1,338	-1,558	-1,016	430	-5,352	13,203	2,973	-3,396	-4,750	6,132	-4,157	2,686	543	600	-2,610	3,589	-1,006	-1,193	-3,806	-2,495	-2,012	1,893	-2,753	-9,884	-821	-1,498	2,946	4,323	1,091	3,680	-10,931	1,407	8,975	1,730	3,653	2,929	4,058	-1	-249	532	-1	-2,021	-6,362	-343	-517	9,467	-39,318	-1,913	21,516	114,941	-11,215	-28,625	-26,065	-89,696	24,932	36,255	-31,553	21,638	3,719	55,334	-24,371	18,147	35,953	80,880	-7,821	-167,545	61,841	65,559	47,627	-275,662	122,932	75,912	-45,108	-172,394	81,160	61,605	27,625	-72,820	36,313	22,363	6,733	21,360	8,650	11,945	-3,306	10,458	-955	15,991	-16,261	-14,626	16,442	8,349	2,531	-3,128	11,527	19,064	0	1,750	10,457	11,638	2,055
Sale Purchase Of Stock	-2,316	-3,149	-1,690	2,710	-99	-297	-244	-453	1,750	-183	-1	-169	-200	0	0	-43	0	0	0	0	678	0	0	0	-47	0	0	10,500	-125	0	-100	0	0	0	0	0	43	14,800	-100	6,400	-13	12,100	0	0	132	132	132	100	0	0	0	0	0	0	0	0	-41,717	14,943	-279	0	0	-794	-588	-3,790	-2,067	0	0	-6,062	-8,142	-1,860	-5,997	-3,252	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3	0	0	-7,282	-2,121	-1,423	-198	0	0	0	-352	39	-1,012	-73	-72	0	0	0	0
Stock Based Compensation	686	386	284	283	448	2,976	250	378	643	548	708	1,699	624	120	699	242	220	0	0	0	0	-2,469	296	292	299	299	296	292	299	242	273	201	204	193	204	201	205	205	204	624	127	131	67	2,374	126	127	132	-31	181	0	0	0	-2,185	2,584	887	2,267	-7,756	16,147	640	64	15,021	-1,232	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	16,159	4,788	-3,171	-57,144	-26,926	-3,242	-3,946	-3,818	2,744	-2,620	10,871	-11,535	14,765	-1,195	-2,546	7,786	-1,139	-1,935	-1,997	7,786	-1,139	-1,022	-977	-952	4,176	-687	-645	-619	9,864	-607	-125	0	-12,920	-12,920	-12,920	43	43	14,747	-59	-7,954	-11,967	12,113	-583	-583	-1,656	-4,074	132	132	4,961	1,869	-22,181	4,961	3,500	-82,779	-27,552	-81,919	-16,605	-20,794	1,330	-1,240	-5,544	-162,353	-9,513	-35,825	14,070	-2,215	-3,155	97,593	7,914	11,619	-11,668	6,751	3,324	3,630	-1,944	5,868	-27	21,987	17,674	29,987	36,825	99,821	29,330	10,955	57,207	-579	25,368	293	84,096	44,021	-100	-1,938	-7,851	189	1,280	-3,237	-3,212	-1,314	-1,828	27,301	47,278	-600	4,607	4,641	-1,464	73,909	73	507	19,653	4,046	-8	3,523
Total Cash From Operating Activities	-16,776	-835	-1,636	-6,663	-23,917	3,097	2,405	3,841	2,136	3,464	-9,639	-1,869	1,264	1,424	-768	-2,927	6,384	2,463	473	-2,927	5,529	-10,140	-4,785	-1,602	-5,453	-5,211	-481	-7,832	-4,463	-5,814	-1,217	-4,095	-22,267	-2,955	-7,770	187	-210	1,856	-7,330	-8,940	-3,139	-13,083	-14,333	-11,259	-6,006	-9,753	-14,130	-16,807	-20,499	-25,546	-11,743	-20,499	75,918	-39,122	-31,991	-74,750	-433,953	-57,280	-73,804	-101,279	-143,099	-240,693	-14,475	-64,203	-193,422	39,785	82,419	-28,099	19,891	43,064	101,492	2,781	48,829	73,958	115,061	35,899	-163,304	104,917	103,014	81,146	-283,788	139,350	101,572	65,704	-168,326	99,678	72,243	38,287	-68,572	43,509	34,198	15,321	26,292	16,426	17,656	1,309	4,778	7,969	20,454	-9,982	-6,944	24,498	14,036	9,493	-11,090	16,428	23,707	2,751	4,056	11,787	14,566	2,495
Total Cashflows From Investing Activities	0	1,571	8,877	6,251	67,371	35,754	-1,998	-187	-11,260	-9,198	-1,630	13,490	-2,533	3,411	-4,201	7,332	-4,865	5,093	-787	-5,907	1,693	9,118	1,117	6,095	14,949	2,736	1,215	5,663	369	-2,761	245	-6,622	-1,817	-7,435	43,299	-7,855	-13,080	3,150	2,829	-9,615	27,658	15,656	-5,137	21,850	25,948	11,597	4,585	3,835	28,972	15,034	10,600	0	349,685	403,958	344,174	301,952	636,268	666,354	224,046	216,767	619,726	562,808	150,929	83,072	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	66,811	24,081	7,052	2,692	7,370	7,370	7,687	5,435	5,288	5,500	4,029	959	164,215	242,787	408,383	1,209,898	1,777,004	1,340,568	1,360,533	1,721,408	1,752,733	1,025,230	491,994	320,614	0	0	0	0	0
Depreciation And Amortization	6,220	6,449	8,627	6,728	2,442	6,711	1,152	1,242	1,244	1,787	3,838	2,955	2,271	6,621	10,650	67,763	15,542	4,961	18,504	574	659	455	4,192	4,901	5,650	2,865	-280	-438	-1,393
Discontinued Operations	0	-15,067	4,574	6	-1,544	1,064	-15,289	-2,985	1,417	2,962	6,803	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-286	37,569	-21,351	-21,595	-11,939	-6,389	-17,569	16	1,801	-12,877	-36,928	-49,066	-12,829	-29,536	-296,785	-297,469	17,456	170,101	180,268	144,488	76,054	52,728	41,717	29,520	15,365	33,465	19,846	11,527	4,913
Ebitda	5,934	44,018	-12,724	-14,867	-9,497	322	-16,417	1,258	3,045	-11,090	-33,090	-46,111	-10,558	-22,915	-286,135	-229,706	32,998	175,062	198,772	145,062	76,713	53,183	45,909	34,421	21,015	36,330	19,566	11,090	3,519
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	-15,067	4,574	6	-1,388	-5,990	2,269	1,255	12,684	3,442	7,236	0	0	22,972	0	23,526	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	42,487	90,608	87,723	63,025	36,240	44,708	185,492	171,180	153,463	182,334	168,131	158,700	228,547	248,077	452,698	1,475,594	2,035,685	1,916,355	1,923,217	2,027,376	1,939,731	1,155,343	588,865	396,739	333,694	229,371	137,175	86,601	37,394
Income Before Tax	23,651	34,957	-5,784	-6,537	-20,362	-21,949	-29,416	-10,453	-11,322	-11,281	-43,378	-50,261	-26,247	-67,243	-136,750	-355,878	-21,411	139,854	154,347	121,617	59,873	44,931	38,235	66,208	42,030	57,945	35,080	19,553	8,505
Income Tax Expense	-1,899	4,825	-7,644	-1,115	358	397	-17,761	-9,720	93	-57	-67	3,017	-169	-6,118	-30,410	73,374	-2,885	16,545	19,339	12,641	-5,892	-5,587	6,334	3,596	-1,309	13,282	4,333	3,356	1,980
Interest Expense	6,250	8,092	12,325	13,669	12,262	13,578	11,241	7,395	5,278	5,645	7,263	7,638	7,478	14,825	23,912	35,022	38,867	30,247	25,921	22,871	16,181	7,796	7,160	7,607	7,304	0	0	0	147
Interest Income	1,115	715	2,437	463	747	595	264	1,476	6,832	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-453	-1,471	-2,202	14,157	1,573	1,765	4,337	-281	162	1,596	777	-1,195	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	23,559	24,722	1,860	-5,422	-26,586	-30,101	-15,469	803	1,107	-12,820	-36,861	-52,083	-20,138	-38,243	-290,287	-405,865	-18,526	123,309	135,008	108,976	65,766	50,519	28,223	18,317	9,371	20,183	15,513	8,171	2,786
Net Income Applicable To Common Shares	0	24,416	-836	-7,791	-6,905	-30,721	-15,819	405	778	-13,120	-36,861	-52,083	0	0	0	0	0	105,763	115,787	108,899	65,754	50,570	28,223	18,413	0	0	0	0	0
Net Income From Continuing Ops	25,550	30,132	1,860	-5,422	-2,769	-22,264	-11,655	-733	-11,415	-11,224	-43,311	-53,278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-6,250	-8,092	-12,325	-13,669	-15,057	-13,578	-11,241	-7,395	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	-494	0	0	-12,512	-8,829	-518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	-37,917	0	0	0	-17	250	250	250	-13	1,861	1,980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-286	37,569	-21,351	-21,595	-16,208	-6,389	-11,655	-6,847	-1,528	-11,224	-43,311	-53,278	-26,078	-29,536	-296,785	-297,469	17,456	170,101	180,268	144,488	76,054	52,728	41,717	29,520	15,365	33,465	19,846	11,527	4,913
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	109,584	79,732	100,559	72,254	63,972	58,450	222,595	187,068	170,073	199,115	215,538	209,920	254,794	315,320	589,448	1,831,472	2,057,096	1,776,501	1,768,870	1,905,759	1,879,858	1,110,412	550,630	52,233	49,747	29,363	13,417	8,463	2,933
Preferred Stock And Other Adjustments	0	306	494	-1,066	1,019	0	350	398	329	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	6,220	6,449	8,627	6,728	6,917	6,711	5,572	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	24,305	27,378	73,714	266,594	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	41,805	43,519	48,733	41,950	29,367	29,188	46,269	41,629	41,760	67,233	79,812	73,931	77,936	83,990	110,484	256,483	243,082	182,256	155,773	160,248	109,974	77,978	51,469	44,626	42,444	29,363	13,417	8,463	2,786
Tax Provision	-1,899	4,825	-7,644	-1,115	-363	315	-17,761	-9,720	93	-1,221	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	42,773	78,180	-116,126	-87,312	-70,192	58,450	203,559	178,042	156,206	67,233	79,812	73,931	77,936	-277,613	-749,483	-1,773,063	-2,018,229	-1,746,254	-1,742,949	-1,882,888	-1,863,677	-1,102,615	-547,148	-367,219	-318,329	-195,906	-117,329	-75,074	-32,482
Total Other Income Expense Net	23,937	-2,612	15,567	15,058	13,792	30	24,718	16,387	15,462	8,920	9,027	7,617	9,501	-37,707	9,501	-58,409	-38,867	-30,247	-25,921	-22,871	-16,181	-7,796	-3,482	36,688	26,665	24,480	15,234	8,025	3,593
Total Revenue	109,298	114,689	94,775	65,717	43,610	52,078	193,179	176,615	158,751	187,834	172,160	159,659	228,547	248,077	452,698	1,475,594	2,035,685	1,916,355	1,923,217	2,027,376	1,939,731	1,155,343	588,865	396,739	333,694	229,371	137,175	86,601	37,394

	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
Cost Of Revenue	15,966	6,226	7,148	7,747	18,673	8,329	4,246	4,572	-59,323	1,244	952	980	-43,672	1,102	403	1,359	7,370	1,533	1,160	1,359	1,621	2,033	1,464	1,304	-137,324	2,237	1,580	1,595	-118,835	2,160	1,077	1,068	-114,945	1,715	1,371	980	-141,199	1,941	1,346	1,270	-123,826	508	508	558,000	-110,235	35,806	28,363	26,194	34,848	39,725	43,922	48,955	30,720	61,129	67,543	82,667	50,119	-109,675	109,675	124,701	335,474	356,917	333,525	446,288	507,537	402,444	369,717	387,218	395,696	393,085	405,497	368,690	324,609	424,872	425,888	370,759	412,781	409,730	393,396	406,781	471,133	426,277	432,545	342,601	326,004	283,919	240,856	177,671	163,236	133,541	112,878	90,128	89,936	84,492	79,680	68,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	1,754	1,492	1,482	1,492	-467	2,244	2,342	2,330	2,258	2,432	1,590	1,548	1,723	1,670	1,771	1,606	543	1,773	1,767	1,606	1,612	1,356	271	1,388	286	286	1,353	291	-139	779	307	295	307	446	474	317	-219	638	675	693	1,052	901	883	1,002	1,913	-21	531	532	691	533	501	691	1,496	377	2,522	2,226	-6,176	6,940	6,058	3,828	52,843	3,681	8,778	2,461	13,482	-960	2,116	904	1,437	946	-750	3,328	2,077	5,117	5,162	6,148	-22,951	7,626	9,125	6,774	-10,966	4,838	4,023	2,764	-5,476	3,200	1,414	1,317	1,681	-1,322	3,203	630	1,313	416	830	2,342	1,635	1,515	1,376	1,124	375	654	1,063	773	-63	-72	72	-217	3	-74	-440	73
Discontinued Operations	0	122	110	107	-12,567	-2,500	-2,500	-2,500	-2,500	0	0	0	0	0	6	6	6	6	0	0	-333	417	594	386	-7,627	-8,601	3,487	-494	-2,592	-524	131	0	1,417	0	0	0	3,442	0	0	0	7,227	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-1,135	-1,700	-1,089	-978	-11,321	48,204	693	-7	2,313	439	-849	3,235	-320	1,782	-240	5,894	-9,728	1,386	-1,142	-604	-1,636	-136	-4,217	1,027	-19,802	2,403	-3,706	2,472	-4,890	4,528	-523	-1,300	-2,040	-785	1,931	2,395	661	-6,530	-5,715	-1,293	-10,692	2,282	-10,811	-17,707	-9,802	-18,036	-3,985	-9,100	-16,311	0	0	0	-45,512	3,640	-14,613	26,947	-73,551	-115,674	-47,799	-58,036	-249,892	-24,787	14,207	-38,899	-95,933	34,358	59,943	19,088	23,040	52,573	53,088	41,400	35,705	45,381	42,609	52,015	40,955	35,450	34,815	29,986	14,909	12,412	24,522	22,257	15,895	12,549	12,451	12,350	7,962	14,265	10,820	9,126	8,587	10,800	7,762	2,617	-14,305	10,820	11,554	6,875	8,174	10,221	7,140	9,282	4,876	5,858	5,437	3,692	3,159	3,303	3,222	1,908
Ebitda	619	-208	393	514	-11,788	50,448	3,035	2,323	4,571	2,871	741	4,783	1,403	3,452	1,531	7,500	-9,185	3,159	625	1,002	-24	1,220	-3,946	2,415	-19,516	2,689	-2,353	2,763	-5,029	5,307	-216	-1,005	-1,733	-339	2,405	2,712	442	-5,892	-5,040	-600	-9,640	3,183	-9,928	-16,705	-7,889	-18,057	-3,454	-8,568	-15,620	0	0	0	-44,016	4,017	-12,091	29,173	-79,727	-108,734	-41,741	-54,208	-197,049	-21,106	22,985	-36,438	-82,451	33,398	62,059	19,992	24,477	53,519	52,338	44,728	37,782	50,498	47,771	58,163	18,004	43,076	43,940	36,760	3,943	17,250	28,545	25,021	10,419	15,749	13,865	13,667	9,643	12,943	14,023	9,756	9,899	11,216	8,592	4,959	-12,670	12,335	12,930	7,998	8,549	10,875	8,203	10,055	4,813	5,786	5,509	3,475	3,162	3,229	2,782	1,982
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
Extraordinary Items	0	0	110	107	-12,567	-2,500	0	0	4,574	0	0	0	0	0	6	0	-1,388	0	0	0	413	-755	0	0	655	0	0	0	1,685	0	0	0	17,554	0	0	0	0	0	0	0	7,687	0	0	0	0	0	0	0	0	0	0	0	22,903	0	0	0	0	0	0	0	28,626	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,909	19,650	21,113	19,333	-595	33,953	23,532	21,979	90,462	20,286	21,635	21,361	62,058	15,803	58,513	12,742	-2,762	14,822	14,066	11,942	11,737	12,004	12,206	45,508	186,853	49,761	46,029	45,142	171,622	43,661	40,051	35,811	153,117	36,190	36,946	42,716	183,954	43,416	49,231	47,875	170,317	41,164	40,958	-515,469	158,700	34,803	39,740	36,651	49,549	0	0	0	13,056	69,850	81,756	83,413	-408,426	273,127	298,009	290,917	219,581	374,548	460,794	474,515	510,133	528,080	538,611	458,861	466,588	498,170	499,548	452,049	400,891	512,559	503,937	458,347	556,917	491,657	464,154	468,059	572,083	467,130	481,140	385,503	367,206	318,337	275,747	205,760	183,395	160,105	138,559	112,635	111,530	107,904	99,212	82,517	83,199	88,738	83,376	75,556	55,217	66,765	62,222	50,910	31,444	43,464	35,736	26,639	27,950	24,444	21,529	12,698
Income Before Tax	-2,317	-899	-1,564	28,431	-5,606	45,847	-2,371	-2,913	-62	-2,682	-3,514	474	-3,184	-1,403	-1,536	2,476	-11,871	-3,844	-228	2,476	-12,777	-2,328	-2,519	-1,776	-19,261	-1,442	-7,408	-1,305	-8,653	1,642	-1,973	-1,469	-2,089	-871	-10,392	2,030	1,384	-5,752	-6,273	-640	-10,322	-5,250	-10,194	-17,612	-9,109	-21,088	-7,601	-10,193	-17,455	8,725	-4,481	-17,455	-29,850	-1,325	-16,618	-19,453	102,979	-120,450	-53,718	-60,493	-256,559	-57,463	5,335	-6,999	-21,411	77,115	124,512	59,760	139,854	92,434	96,440	66,434	154,347	80,465	70,955	88,509	121,617	56,867	59,864	52,171	59,873	41,368	45,728	32,521	44,931	28,860	24,715	23,322	38,235	23,971	20,572	18,874	19,673	19,812	16,940	10,470	-9,824	17,829	19,932	13,419	13,129	16,380	13,940	16,665	9,768	11,499	7,611	6,225	6,854	4,992	4,687	3,083
Income Tax Expense	-2,709	-102	213	699	-834	6,074	-6	-409	-1,505	-2,456	-3,258	-425	-706	-279	20	-713	67	162	168	-713	97	-147	187	251	-19,311	120	1,251	179	-9,827	55	26	26	14	23	34	22	33	343	-799	366	331	403	-525	-276	3,896	-1,054	116	59	-408	2,433	267	-408	-1,624	-1,536	-301	-2,657	-3,973	-3,306	-15,341	-6,065	103,569	-16,695	-986	-14,416	-3,081	472	8,496	-8,772	-1,638	7,561	5,268	5,354	-1,194	5,973	6,538	7,349	547	5,114	5,368	1,245	-6,190	-3,147	601	2,615	-2,801	-2,982	-189	375	140	3,470	1,083	1,688	1,162	2,632	1,080	-1,309	-8,386	2,518	3,040	1,388	3,192	3,866	2,584	4,008	1,729	1,085	870	651	346	1,468	879	734
Interest Expense	1,131	1,061	1,086	2,972	2,120	3,790	3,367	3,055	3,108	3,104	3,093	3,020	3,232	3,297	3,742	3,629	3,148	2,314	2,339	2,102	1,946	3,440	3,065	2,938	2,899	2,824	2,785	2,733	2,746	2,448	1,108	1,093	5,278	1,248	1,414	1,391	5,645	1,417	1,364	1,433	7,263	1,808	1,927	1,833,000	1,986	1,887	1,916	1,849	1,903	1,874	1,833	1,903	2,451	2,682	4,184	5,508	5,941	5,757	5,919	6,296	6,912	9,322	8,872	9,916	10,642	10,275	9,731	8,219	7,830	7,607	7,646	7,164	6,069	7,120	6,140	5,997	6,564	6,044	4,498	5,283	5,156	3,984	3,737	3,037	2,281	1,890	1,935	1,771	1,734	1,709	2,182	1,627	2,467	1,707	1,822	1,722	2,540	1,497	1,959	1,190	0	262	204	0	0	0	0	0	0	0	0	0
Interest Income	294	275	257	289	246	195	1,231	124	513	93	78	83	92	189	950	147	219	205	192	2,926	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-332	-351	-227	-3	-856	-1,067	303	149	-733	782	14,669	259	14,157	112	13,881	721	902	202	258	211	1,048	200	158	359	4,053	79	100	105	71	48	-361	-39	88	-86	-1,064	1,224	723	778	-558	653	1,604	-305	-617	95	3,184	-1,165	-1,700	-1,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	171	-1,026	-1,440	27,842	-4,772	38,263	-2,365	-2,504	710	-1,008	-684	640	-2,846	-1,236	-4,002	2,978	-11,720	-4,208	-654	2,978	-13,509	-3,172	-8,514	-2,162	-4,497	-1,641	-7,742	-1,589	1,234	1,539	-514	-1,456	-2,192	-808	1,897	2,210	628	-6,873	-4,916	-1,659	-11,023	1,879	-10,286	-17,431	-13,698	-18,869	-6,017	-11,008	-17,806	7,252	-2,558	-17,806	-46,339	2,494	-18,496	24,096	-75,519	-118,125	-38,377	-58,267	-360,373	-17,414	6,321	-34,399	-103,494	23,611	41,716	19,641	16,848	37,405	40,174	28,882	30,830	32,288	29,931	38,669	33,844	24,292	24,949	23,458	15,944	11,575	20,184	16,605	16,415	13,641	10,705	10,204	6,088	9,086	7,555	5,811	4,958	6,461	4,859	2,204	-8,459	6,805	6,554	4,297	4,982	6,093	4,352	5,274	3,147	4,773	4,567	3,040	2,813	1,835	2,343	1,174
Net Income Applicable To Common Shares	0	-1,026	-1,445	27,773	-8,369	38,263	-2,747	-2,731	625	-1,094	-769	402	-3,081	-1,466	-1,753	-1,491	-4,265	-4,466	-906	2,732	-13,352	-3,826	-10,713	-2,830	-4,691	-1,553	-7,865	-1,710	1,110	1,429	-596	-1,538	-2,275	-891	1,815	2,129	546	-6,956	-4,998	-1,712	-11,023	1,879	-10,286	-17,431	-16,189	-18,869	-6,017	-11,008	-7,252	7,252	0	0	-211	211	0	0	0	0	0	0	0	-6,043	6,043	0	-19,917	19,917	34,522	19,641	16,848	37,405	40,174	28,882	30,763	32,236	29,979	38,665	30,211	24,250	24,971	23,492	13,872	11,556	20,242	16,616	16,149	13,645	10,699	10,174	6,282	9,119	7,550	5,794	4,939	6,440	4,852	2,206	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	392	-797	-1,777	27,732	-4,772	39,773	-2,365	-2,504	1,443	-226	-256	49	-2,478	-1,124	-1,427	-393	-1,556	-4,006	-396	3,189	-12,792	-2,606	-4,262	-2,604	-308	-1,562	-8,659	-1,126	1,174	1,587	-1,999	-1,495	-2,103	-894	-10,426	2,008	1,351	-6,095	-5,474	-1,006	-9,603	-5,653	-10,719	-17,336	-13,005	-20,034	-7,717	-12,522	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,131	-1,061	-1,086	-2,972	2,120	-3,790	-3,367	-3,055	-3,108	-3,104	-3,093	-3,020	-3,232	-3,297	-3,488	-3,652	-3,742	-3,827	-3,859	-3,629	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	2,494	0	0	0	0	0	0	0	0	0	0	0	0	-494	0	0	0	0	0	0	0	0	0	0	125	-988	-3,046	-7,799	-679	-9,060	0	0	231	1,067	593	92	-2,270	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	-37,917	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-17	0	500	2,500	-1,250	-250	1,000	-1,000	250	0	250	0	0	15	16	5	-54	20	1,005	223	-147	780	8	1,972	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-1,135	-208	393	-978	-11,321	48,204	693	-7	2,313	-114	778	927	-5,422	-531	257	154	30	1,386	-1,142	-604	-1,636	1,824	14	13	-11,655	1,898	-8,659	-638	-6,847	984	-1,050	-2,834	-1,528	-894	-2,499	2,008	-11,224	-6,095	31,609	29,373	-43,311	-5,653	23,112	13,313,000	-53,278	-20,034,000	-7,717	-12,522	-17,047,000	0	0	0	-45,512	3,640	-14,613	26,947	-73,551	-115,674	-47,799	-58,036	-249,892	-24,787	14,207	-38,899	-95,933	34,358	59,943	19,088	23,040	52,573	53,088	41,400	35,705	45,381	42,609	52,015	40,955	35,450	34,815	29,986	14,909	12,412	24,522	22,257	15,895	12,549	12,451	12,350	7,962	14,265	10,820	9,126	8,587	10,800	7,762	2,617	-14,305	10,820	11,554	6,875	8,174	10,221	7,140	9,282	4,876	5,858	5,437	3,692	3,159	3,303	3,222	1,908
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
Other Operating Expenses	31,010	26,775	29,825	1,351	23,684	3,565	30,149	29,464	31,201	24,212	26,101	21,867	21,570	18,308	17,734	11,625	16,479	15,970	15,812	14,220	14,994	16,365	16,189	48,588	68,790	53,440	55,017	48,042	61,440	44,179	43,101	38,348	40,261	38,776	48,709	41,666	41,371	51,109	56,850	49,785	56,813	46,922	51,660	60,143	57,574	55,891	47,341	46,844	67,004	55,460	64,273	67,004	42,906	71,175	98,374	102,866	511,405	393,577	351,727	351,410	476,140	432,011	455,459	152,191	1,605,607	161,556	158,871	131,062	1,618,650	60,119	48,609	131,921	1,338,669	153,564	140,769	122,820	1,508,878	135,594	127,456	121,333	1,514,536	121,443	133,391	101,562	1,046,387	23,831	24,245	16,983	507,932	13,576	16,003	13,794	14,248	13,058	12,823	12,743	14,497	12,385	11,621	10,775	7,872	7,142	7,752	7,735	3,220	4,628	3,479	2,172	2,297	2,129	2,490	1,541
Preferred Stock And Other Adjustments	0	0	5	69	72	77	79	78	85	86	85	238	-1,897	230	224	377	263	258	252	246	0	0	0	0	350	0	0	0	398	0	0	0	329	0	0	0	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,754	1,492	1,482	1,492	-467	2,244	2,342	2,330	2,258	3,231	1,590	1,548	1,723	1,670	1,668	1,667	1,562	1,773	1,767	1,606	1,612	2,445	1,316	1,388	1,393	1,386	1,353	1,440	818	1,265	272	425	445	446	474	480	-219	638	675	693	1,052	901	883	1,002	1,913	-21	531	532	691	533	501	691	1,496	377	2,522	2,226	-6,176	6,940	6,058	3,828	52,843	3,681	8,778	2,461	13,482	-960	2,116	904	1,437	946	-750	3,328	2,077	5,117	5,162	6,148	-22,951	7,626	9,125	6,774	-10,966	4,838	4,023	2,764	-5,476	3,200	1,414	1,317	1,681	-1,322	3,203	630	1,313	416	830	2,342	1,635	1,515	1,376	1,124	375	654	1,063	773	-63	-72	72	-217	3	-74	-440	73
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,624	2,458	4,747	4,419	7,371	5,405	6,908	7,371	3,031	6,012	9,013	15,384	66,410	42,153	43,585	42,571	54,320	66,191	78,887	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,792	10,319	9,870	10,198	8,545	10,764	11,595	12,615	12,454	11,770	12,043	12,466	13,150	9,719	9,539	8,402	9,289	10,412	10,267	9,320	10,595	5,404	7,305	11,337	12,705	10,912	11,380	11,272	11,303	9,949	10,826	9,551	10,012	9,997	10,175	11,561	14,574	16,510	17,625	18,524	19,628	20,136	20,289	19,759	21,157	16,819	17,154	18,801	17,685	14,982	19,545	17,685	8,335	26,041	25,032	24,582	24,810	47,718	43,901	53,921	69,819	64,714	63,900	65,415	73,121	62,120	56,162	51,679	46,822	52,512	40,963	41,959	39,388	41,492	35,984	35,408	43,247	45,631	36,169	31,763	34,675	27,599	25,165	20,715	19,468	21,941	22,310	15,212	14,197	11,867	13,821	12,167	11,781	11,352	11,001	11,021	11,957	10,888	9,662	9,585	8,397	6,880	7,548	7,735	3,220	4,628	3,479	2,172	2,297	2,129	2,490	1,541
Tax Provision	-2,709	-102	213	699	-834	6,074	-6	-409	-1,505	-2,456	-3,258	-425	-706	-279	-300	170	20	162	168	-713	97	-144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	15,044	18,772	18,656	18,128	78,180	29,433	24,846	-26,558	88,527	19,838	20,366	20,113	66,193	14,844	61,357	12,841	54,371	15,970	15,812	14,220	14,994	9,338	12,368	9,716	211,246	47,867	46,680	45,784	183,477	42,681	41,110	38,646	161,494	38,674	40,271	11,561	67,233	16,510	17,625	18,524	79,812	20,136	20,289	19,759,000	73,931	16,819,000	17,154	18,801	17,685,000	0	0	0	-58,568	-66,210	-96,369	-56,466	334,875	-388,801	-345,808	-348,953	-469,473	-399,335	-446,587	-513,414	-606,066	-493,722	-478,668	-439,773	-443,548	-445,597	-446,460	-410,649	-365,186	-467,178	-461,328	-406,332	-515,962	-456,207	-429,339	-438,073	-557,174	-454,718	-456,618	-363,246	-351,311	-305,788	-263,296	-193,410	-175,433	-145,840	-127,739	-103,509	-102,943	-97,104	-91,451	-79,899	-97,504	-77,918	-71,822	-68,681	-47,044	-56,544	-55,082	-41,628	-26,568	-37,606	-30,300	-22,947	-24,791	-21,141	-18,307	-10,789
Total Other Income Expense Net	-1,182	-691	-1,957	29,409	5,715	-2,357	-3,064	-2,906	5,923	3,394	3,341	3,446	3,411	3,420	3,446	3,486	3,453	50	19	154	-5	3,324	4,422	6,008	5,899	6,507	6,156	6,156	5,758	5,464	2,791	2,374	2,288	2,303	2,514	7,965	2,240	2,142	2,467	2,071	2,031	2,604	2,174	2,218	11,776	-1,237	326	-3,248	-3,578	20,661	10,164	-3,578	15,662	-4,965	-2,005	-46,400	176,530	-4,776	-5,919	-2,457	-6,667	-32,676	-8,872	31,900	74,522	42,757	64,569	40,672	116,814	39,861	43,352	25,034	118,642	35,084	28,346	36,494	80,662	21,417	25,049	22,185	44,964	28,956	21,206	10,264	29,037	16,311	12,264	10,972	30,273	9,706	9,752	9,748	11,086	9,012	9,179	7,852	4,481	7,009	8,378	6,544	4,955	6,159	6,800	7,383	4,892	5,641	2,175	2,534	3,694	1,688	1,465	1,174
Total Revenue	29,875	25,876	28,261	27,080	18,078	42,282	27,778	26,551	31,139	21,530	22,587	22,341	18,386	16,905	16,198	14,101	4,608	16,355	15,226	13,301	13,358	14,037	13,670	46,812	49,529	51,998	47,609	46,737	52,787	45,821	41,128	36,879	38,172	37,905	38,317	43,696	42,755	45,357	50,577	49,145	46,491	41,672	41,466	42,531	48,465	34,803	39,740	36,651	49,549	64,185	59,792	49,549	13,056	69,850	81,756	83,413	-408,426	273,127	298,009	290,917	219,581	374,548	460,794	474,515	510,133	528,080	538,611	458,861	466,588	498,170	499,548	452,049	400,891	512,559	503,937	458,347	556,917	491,657	464,154	468,059	572,083	467,130	481,140	385,503	367,206	318,337	275,747	205,760	183,395	160,105	138,559	112,635	111,530	107,904	99,212	82,517	83,199	88,738	83,376	75,556	55,217	66,765	62,222	50,910	31,444	43,464	35,736	26,639	27,950	24,444	21,529	12,698

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

Gross Profit (+$)
totalRevenue	109,298
Cost of Revenue	-66,811
Gross Profit	42,487	42,487

Operating Income (+$)
Gross Profit	42,487
Operating Expense	-42,773
Operating Income	-286	-286

Operating Expense (+$)
Research Development	0
Selling General Administrative	41,805
Selling And Marketing Expenses	0
Operating Expense	42,773	41,805

Net Interest Income (+$)
Interest Income	1,115
Interest Expense	-6,250
Other Finance Cost	-1,115
Net Interest Income	-6,250

Pretax Income (+$)
Operating Income	-286
Net Interest Income	-6,250
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	23,651	-24,223 EBIT - interestExpense = -6,536 21,660 29,809
Interest Expense	6,250
Earnings Before Interest and Taxes (EBIT)	-286	29,901
Earnings Before Interest and Taxes (EBITDA)	5,934

After tax Income (+$)
Income Before Tax	23,651
Tax Provision	--1,899
Net Income From Continuing Ops	25,550	25,550
Net Income	23,559
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	109,584
Total Other Income/Expenses Net	23,937	6,250

Technical Analysis of Kingsway Financial Services 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 Kingsway Financial Services Inc. The general trend of Kingsway Financial Services Inc is BULLISH with 57.1% 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 Kingsway Financial Services 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 zone transitions	Bullish trend (57.1%)		Bearish trend (-57.1%)
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 Kingsway Financial Services 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: 9.48 < 10.60.

The bearish price targets are: 8.68 > 8.115 > 8.

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Kingsway Financial Services 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 Kingsway Financial Services Inc. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current macd is 0.04302565.

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

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

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current adx is 13.17.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Kingsway Financial Services Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current sar is 8.25481457.

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

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Kingsway Financial Services Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Kingsway Financial Services Inc. The current rsi is 55.74. The current phase is Continuation in bull market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current phase is Continuation in bull market.

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

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

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current cci is 109.06.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current cmo is 17.42.

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

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

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current willr is -21.68674699.

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

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

Kingsway Financial Services Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Kingsway Financial Services Inc.

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current atr is 0.27220262.

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current obv is -971,148.

Kingsway Financial Services 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 Kingsway Financial Services Inc. The current mfi is 70.43.

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

MFI > 50: +1

Kingsway Financial Services Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Kingsway Financial Services 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
2023-12-01	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-06	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-07	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-15	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-27	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-03	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-09	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-17	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-18	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	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).
2024-01-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
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
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-08	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-16	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-21	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-22	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-26	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-27	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-01	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).
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-08	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
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	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-22	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-03	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	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).
2024-04-16	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-18	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-24	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.

6.3. Candlestick Patterns

Kingsway Financial Services Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.740
Ma 20	Greater than	Ma 50	8.427
Ma 50	Greater than	Ma 100	8.578
Ma 100	Greater than	Ma 200	8.482
Open	Greater than	Close	8.700
Total			3/5 (60.0%)

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Quick analysis of Kingsway Financial Services Inc (30 sec.)

What can you expect buying and holding a share of Kingsway Financial Services 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 Kingsway Financial Services Inc (5 min.)

$8.70

$0.88

$-32.65 - $-9.96

$-31.78 - $-9.08

2. Growth of Kingsway Financial Services Inc (5 min.)

Is Kingsway Financial Services Inc growing?

How much money is Kingsway Financial Services Inc making?

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

3. Financial Health of Kingsway Financial Services Inc (5 min.)

4. Comparing to competitors in the Auto & Truck Dealerships industry (5 min.)

Industry Rankings (Auto & Truck Dealerships)

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

What can you expect buying and holding a share of Kingsway Financial Services Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Kingsway Financial Services Inc

About Kingsway Financial Services Inc

Financial Health

Valuation

1.1. Profitability of Kingsway Financial Services Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Auto & Truck Dealerships)

1.1.2. Return on Assets

Trends

Compared to industry (Auto & Truck Dealerships)

1.1.3. Return on Equity

Trends

Compared to industry (Auto & Truck Dealerships)

1.2. Operating Efficiency of Kingsway Financial Services Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Auto & Truck Dealerships)

1.2.2. Operating Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.3. Liquidity of Kingsway Financial Services Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.3.2. Quick Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.4. Solvency of Kingsway Financial Services Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

2. Market Valuation of Kingsway Financial Services Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

Kingsway Financial Services Inc
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