LendingClub Corp
Buy, Hold or Sell?

Let's analyse Lendingclub together

Penke I guess you are interested in LendingClub Corp. 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 LendingClub Corp. 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 Lendingclub (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

32.5%

What is your share worth?

Current worth

$11.34

Expected worth in 1 year

$12.13

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$0.79

Return On Investment

10.0%

For what price can you sell your share?

Current Price per Share

$7.90

Expected price per share

$6.1013 - $9.01

How sure are you?

50%

1. Valuation of Lendingclub (5 min.)

Live pricePrice per Share (EOD)

$7.90

Book Value per Share

$11.34

Intrinsic Value Per Share

$-253.11 - $-138.62

Total Value Per Share

$-241.77 - $-127.29

My calculation of the intrinsic value of Lendingclub 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: ($-0.45) 3Y: ($-0.52) TTM: ($-2.71)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.18) 3Y: ($-0.43) TTM: ($-1.91)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-6.06	$-3.54	$-8.87 - $-4.71
2	$-17.97	$-9.77	$-15.67 - $-7.64
3	$-35.04	$-18.53	$-22.47 - $-10.57
4	$-56.65	$-29.66	$-29.27 - $-13.50
5	$-82.24	$-43.02	$-36.07 - $-16.43
6	$-111.27	$-58.48	$-42.87 - $-19.35
7	$-143.29	$-75.89	$-49.68 - $-22.28
8	$-177.86	$-95.13	$-56.48 - $-25.21
9	$-214.58	$-116.08	$-63.28 - $-28.14
10	$-253.11	$-138.62	$-70.08 - $-31.07

2. Growth of Lendingclub (5 min.)

Is Lendingclub growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.2b	$1b	$151m	12.4%

How much money is Lendingclub making?

	Current year	Previous year	Grow	Grow %
Making money	$9.7m	$72.4m	-$62.6m	-643.9%
Net Profit Margin	4.0%	23.5%	-	-

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

Quarterly Yearly

3. Financial Health of Lendingclub (5 min.)

4. Comparing to competitors in the Credit Services industry (5 min.)

Industry Rankings (Credit Services)

Richest
#50 / 249

Most Revenue
#69 / 249

Most Profit
#111 / 249

Most Efficient
#172 / 249

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

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

What can you expect buying and holding a share of Lendingclub?

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

Speculation

The Price per Share of Lendingclub is $7.9. 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 Lendingclub.
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 Lendingclub, 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 $11.34. Based on the TTM, the Book Value Change Per Share is $0.20 per quarter. Based on the YOY, the Book Value Change Per Share is $0.71 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 $0.00 per quarter.

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

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	0.09	1.2%	0.09	1.1%	0.66	8.3%	0.06	0.7%	-0.08	-1.0%
Usd Book Value Change Per Share	0.39	5.0%	0.20	2.5%	0.71	9.0%	0.17	2.2%	0.27	3.4%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.11	1.4%	0.06	0.7%
Usd Total Gains Per Share	0.39	5.0%	0.20	2.5%	0.71	9.0%	0.29	3.6%	0.33	4.1%
Usd Price Per Share	8.74	-	7.95	-	11.83	-	11.30	-	9.22	-
Price to Earnings Ratio	23.76	-	24.64	-	7.45	-	36.80	-	22.96	-
Price-to-Total Gains Ratio	22.13	-	93.72	-	26.27	-	-78.94	-	-51.54	-
Price to Book Ratio	0.77	-	0.72	-	1.27	-	1.41	-	1.11	-
Price-to-Total Gains Ratio	22.13	-	93.72	-	26.27	-	-78.94	-	-51.54	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	7.9
Number of shares	126

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.11
Usd Book Value Change Per Share	0.20	0.17
Usd Total Gains Per Share	0.20	0.29
Gains per Quarter (126 shares)	24.97	36.06
Gains per Year (126 shares)	99.89	144.23

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	0	100	90	57	87	134
2	0	200	190	115	174	278
3	0	300	290	172	261	422
4	0	400	390	229	348	566
5	0	499	490	287	435	710
6	0	599	590	344	522	854
7	0	699	690	401	608	998
8	0	799	790	458	695	1142
9	0	899	890	516	782	1286
10	0	999	990	573	869	1430

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	12.0	8.0	0.0	60.0%	15.0	25.0	0.0	37.5%	19.0	42.0	0.0	31.1%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	15.0	5.0	0.0	75.0%	27.0	13.0	0.0	67.5%	35.0	26.0	0.0	57.4%
Dividend per Share	0.0	0.0	4.0	0.0%	1.0	0.0	11.0	8.3%	7.0	0.0	13.0	35.0%	13.0	0.0	27.0	32.5%	13.0	0.0	48.0	21.3%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	17.0	3.0	0.0	85.0%	29.0	11.0	0.0	72.5%	37.0	24.0	0.0	60.7%

Fundamentals of Lendingclub

About LendingClub Corp

https://www.lendingclub.com
Credit Services
1025
595 Market Street, San Francisco, CA, United States, 94105
Google Maps Bing Maps

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. In addition, it operates an online lending marketplace platform. The company was incorporated in 2006 and is headquartered in San Francisco, California.

Fundamental data was last updated by Penke on 2024-04-04 17:42:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is inefficient 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 cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of LendingClub Corp.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Lendingclub to the Credit Services industry mean.
A Net Profit Margin of 3.2% means that $0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of LendingClub Corp:

The MRQ is 3.2%. The company is making a profit. +1
The TTM is 4.0%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	4.0%	-0.7%
TTM	4.0%	YOY	23.5%	-19.6%
TTM	4.0%	5Y	-13.4%	+17.4%
5Y	-13.4%	10Y	-18.3%	+4.8%

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	14.4%	-11.2%
TTM	4.0%	15.0%	-11.0%
YOY	23.5%	17.8%	+5.7%
5Y	-13.4%	16.4%	-29.8%
10Y	-18.3%	15.5%	-33.8%

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

Revenue is the amount of profit Lendingclub 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 Lendingclub 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 Lendingclub to the Credit Services industry mean.
Can be used to compare companies within the Credit Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Lendingclub. If profit margins remain low (compared to the Credit Services 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 Lendingclub is 0.03. This means that Lendingclub earned $0.03 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 Credit Services industry is 14.4%.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub with other companies in the same industry (Credit Services).
Net profit margin should rise over the years.
Can be influenced when Lendingclub sells assets (profit will increase while costs remain the same).
It won’t show what part of Lendingclub 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 Lendingclub

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 Lendingclub = 10,155
Total revenue MRQ Lendingclub = 316,340
$10,155 / $316,340 = 0.03 or 3.2%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Lendingclub is using its assets to generate profit.

Above 5% is considered healthy but always compare Lendingclub to the Credit Services industry mean.
0.1% Return on Assets means that Lendingclub generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of LendingClub Corp:

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

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	0.1%	+0.0%
TTM	0.1%	YOY	1.2%	-1.0%
TTM	0.1%	5Y	-0.2%	+0.3%
5Y	-0.2%	10Y	-0.4%	+0.2%

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	0.9%	-0.8%
TTM	0.1%	1.0%	-0.9%
YOY	1.2%	0.9%	+0.3%
5Y	-0.2%	0.9%	-1.1%
10Y	-0.4%	0.8%	-1.2%

Shows how efficient Lendingclub 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 Lendingclub to the Credit Services 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 Lendingclub is using its resources to generate profit. If the return on assets (0.1%) from Lendingclub are higher than the Credit Services mean (0.9%) that means Lendingclub 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 Lendingclub 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 Credit Services industry is 0.9%.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

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

Income statement
Balance sheet

Net income MRQ (income statement) from Lendingclub = 10,155
Total assets MRQ (balance sheet) from Lendingclub = 8,827,463
10,155 / 8,827,463 = 0.00 or 0.1%

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

Above 15%-20% is considered healthy but always compare Lendingclub to the Credit Services industry mean.
0.8% Return on Equity means Lendingclub generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of LendingClub Corp:

The MRQ is 0.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 0.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.8%	TTM	0.8%	+0.0%
TTM	0.8%	YOY	6.8%	-6.0%
TTM	0.8%	5Y	0.2%	+0.6%
5Y	0.2%	10Y	-1.7%	+1.8%

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	0.8%	3.5%	-2.7%
TTM	0.8%	3.7%	-2.9%
YOY	6.8%	3.6%	+3.2%
5Y	0.2%	3.3%	-3.1%
10Y	-1.7%	3.6%	-5.3%

Shows how efficient Lendingclub 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 Lendingclub to the Credit Services 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 Credit Services 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 Lendingclub is 0.8%. This means Lendingclub 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 Credit Services industry is 3.5%.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub up to 10 years back (depending if Lendingclub 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 Lendingclub

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Lendingclub = 10,155
Shareholders equity (balance sheet) MRQ Lendingclub = 1,251,822
10,155 / 1,251,822 = 0.01 or 0.8%

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 LendingClub Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Lendingclub is operating .

Measures how much profit Lendingclub 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 Lendingclub to the Credit Services industry mean.
An Operating Margin of 17.8% means the company generated $0.18 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of LendingClub Corp:

The MRQ is 17.8%. The company is operating efficient. +1
The TTM is 8.9%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	17.8%	TTM	8.9%	+8.8%
TTM	8.9%	YOY	12.9%	-4.0%
TTM	8.9%	5Y	-14.7%	+23.6%
5Y	-14.7%	10Y	-18.8%	+4.2%

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	17.8%	20.8%	-3.0%
TTM	8.9%	19.3%	-10.4%
YOY	12.9%	27.9%	-15.0%
5Y	-14.7%	21.9%	-36.6%
10Y	-18.8%	26.1%	-44.9%

Measures how efficient Lendingclub 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 Lendingclub to the Credit Services 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 Lendingclub 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 Lendingclub is 17.8%. This means that Lendingclub earned $0.18 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Credit Services industry is 20.8%.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Lendingclub = 56,180
Total revenue MRQ Lendingclub = 316,340
$56,180 / $316,340 = 0.18 or 17.8%

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 Lendingclub is keeping operating costs low.

Below 1 is considered healthy (always compare to Credit Services industry mean).
An Operation Ratio of 0.82 means that the operating costs are $0.82 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of LendingClub Corp:

The MRQ is 0.822. The company is less efficient in keeping operating costs low.
The TTM is 1.004. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	0.822	TTM	1.004	-0.182
TTM	1.004	YOY	0.064	+0.940
TTM	1.004	5Y	1.341	-0.337
5Y	1.341	10Y	2.640	-1.298

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	0.822	0.820	+0.002
TTM	1.004	0.814	+0.190
YOY	0.064	0.795	-0.731
5Y	1.341	0.766	+0.575
10Y	2.640	0.734	+1.906

Measures how efficient Lendingclub 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 Lendingclub to the Credit Services 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 Lendingclub is 82.2%. This means that Lendingclub earned $0.82 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 Credit Services industry is 0.82.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(88,206 +171,954) \ 316,340 = 0.82

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 LendingClub Corp.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Credit Services 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 LendingClub Corp:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	26.409	-26.409
TTM	26.409	YOY	13.923	+12.486
TTM	26.409	5Y	11.465	+14.944
5Y	11.465	10Y	13.160	-1.696

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	-	2.808	-2.808
TTM	26.409	3.208	+23.201
YOY	13.923	2.373	+11.550
5Y	11.465	3.978	+7.487
10Y	13.160	4.043	+9.117

Measures if Lendingclub 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 Credit Services 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 Lendingclub 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 Lendingclub is 0.00. This means Lendingclub 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 Credit Services industry is 2.81.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
0 \ 58,541) = 0.00

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

Above 1 is considered healthy but always compare Lendingclub to the Credit Services industry mean.
A Quick Ratio of 50.40 means the company can pay off $50.40 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of LendingClub Corp:

The MRQ is 50.396. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 46.640. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	50.396	TTM	46.640	+3.755
TTM	46.640	YOY	17.724	+28.917
TTM	46.640	5Y	19.932	+26.709
5Y	19.932	10Y	19.296	+0.636

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	50.396	1.739	+48.657
TTM	46.640	1.975	+44.665
YOY	17.724	1.758	+15.966
5Y	19.932	3.594	+16.338
10Y	19.296	3.498	+15.798

Measures if Lendingclub 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 Lendingclub to the Credit Services 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 Lendingclub can pay off its short term debts. This shows if Lendingclub 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 Lendingclub is 50.40. This means that Lendingclub can pay off $50.40 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Credit Services industry is 1.74.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

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 Lendingclub: (1,294,148 + 1,620,262 +35,793) / 58,541 = 50.40

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

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

1.4. Solvency of LendingClub Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Lendingclub assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Lendingclub to Credit Services industry mean.
A Debt to Asset Ratio of 0.86 means that Lendingclub assets are financed with 85.8% credit (debt) and the remaining percentage (100% - 85.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of LendingClub Corp:

The MRQ is 0.858. The company is just able to pay all its debts by selling its assets.
The TTM is 0.859. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.858	TTM	0.859	-0.001
TTM	0.859	YOY	0.839	+0.020
TTM	0.859	5Y	0.781	+0.077
5Y	0.781	10Y	0.801	-0.020

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	0.858	0.729	+0.129
TTM	0.859	0.714	+0.145
YOY	0.839	0.717	+0.122
5Y	0.781	0.703	+0.078
10Y	0.801	0.692	+0.109

Measures how much % of Lendingclub assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Lendingclub to Credit Services 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 Lendingclub is 0.86. This means means that Lendingclub is financed with 85.8% 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 Credit Services industry is 280.8%.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Lendingclub

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

Balance sheet
Debt to asset ratio = total debt \ total assets
7,575,641 \ 8,827,463 = 85.8% or 0.86.

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

Below 2 is considered healthy but always compare Lendingclub to the Credit Services industry mean.
A Debt to Equity ratio of 605.2% means that company has $6.05 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of LendingClub Corp:

The MRQ is 6.052. The company is unable to pay all its debts with equity. -1
The TTM is 6.084. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	6.052	TTM	6.084	-0.032
TTM	6.084	YOY	5.227	+0.856
TTM	6.084	5Y	4.152	+1.932
5Y	4.152	10Y	5.476	-1.324

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
MRQ	6.052	2.541	+3.511
TTM	6.084	2.308	+3.776
YOY	5.227	2.357	+2.870
5Y	4.152	2.420	+1.732
10Y	5.476	2.373	+3.103

Measures if Lendingclub 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 Lendingclub 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 Lendingclub is 6.05. This means that Lendingclub can pay off $6.05 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Credit Services industry is 2.54.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
7,575,641 \ 1,251,822 = 6.05 or 605.2%

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 LendingClub Corp

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 Lendingclub generates.

Above 15 is considered overpriced but always compare Lendingclub to the Credit Services industry mean.
A PE ratio of 23.76 means the investor is paying $23.76 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of LendingClub Corp:

The EOD is 21.473. Based on the earnings, the company is fair priced.
The MRQ is 23.757. Based on the earnings, the company is fair priced.
The TTM is 24.640. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	21.473	MRQ	23.757	-2.283
MRQ	23.757	TTM	24.640	-0.884
TTM	24.640	YOY	7.449	+17.191
TTM	24.640	5Y	36.803	-12.163
5Y	36.803	10Y	22.958	+13.845

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
EOD	21.473	6.944	+14.529
MRQ	23.757	6.676	+17.081
TTM	24.640	6.703	+17.937
YOY	7.449	7.708	-0.259
5Y	36.803	8.828	+27.975
10Y	22.958	12.021	+10.937

Measures how much money you pay for each share for every $1 in earnings Lendingclub 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 Lendingclub to the Credit Services 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 Lendingclub is 23.76. This means the investor is paying $23.76 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Credit Services industry is 6.68.
What is the trend?
The trend is important because it shows you how Lendingclub is performing over time. The most recent quarter might be important if Lendingclub 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 Lendingclub 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 Lendingclub

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 \ 109,949 = EPS
PE ratio MRQ = 23.76

* 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 LendingClub Corp:

The EOD is -0.264. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -0.292. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -0.310. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-0.264	MRQ	-0.292	+0.028
MRQ	-0.292	TTM	-0.310	+0.018
TTM	-0.310	YOY	10.259	-10.569
TTM	-0.310	5Y	2.860	-3.170
5Y	2.860	10Y	73.925	-71.064

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
EOD	-0.264	-0.497	+0.233
MRQ	-0.292	-0.546	+0.254
TTM	-0.310	-0.423	+0.113
YOY	10.259	-0.335	+10.594
5Y	2.860	0.117	+2.743
10Y	73.925	-0.149	+74.074

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Credit Services industry mean).
A PB ratio of 0.77 means the investor is paying $0.77 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of LendingClub Corp:

The EOD is 0.697. Based on the equity, the company is cheap. +2
The MRQ is 0.771. Based on the equity, the company is cheap. +2
The TTM is 0.722. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.697	MRQ	0.771	-0.074
MRQ	0.771	TTM	0.722	+0.048
TTM	0.722	YOY	1.270	-0.548
TTM	0.722	5Y	1.408	-0.686
5Y	1.408	10Y	1.107	+0.301

Compared to industry (Credit Services)

Period	Company	Industry (mean)	+/-
EOD	0.697	0.903	-0.206
MRQ	0.771	0.849	-0.078
TTM	0.722	0.860	-0.138
YOY	1.270	1.105	+0.165
5Y	1.408	1.191	+0.217
10Y	1.107	1.296	-0.189

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding LendingClub Corp

Institutions are holding 84.054% of the shares of LendingClub Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	10.2076	0.0022	11270308	336827	3.0807
2023-12-31	Jackson Square Partners, LLC	8.8071	2.7617	9723943	541538	5.8976
2023-12-31	BlackRock Inc	8.5638	0.0021	9455387	1076040	12.8416
2023-12-31	Dimensional Fund Advisors, Inc.	4.2139	0.0119	4652580	73515	1.6055
2023-12-31	State Street Corporation	3.1725	0.0015	3502772	782451	28.7632
2023-12-31	Long Focus Capital Management, LLC	3.0928	0.992	3414725	680706	24.8976
2023-12-31	Geode Capital Management, LLC	2.1295	0.0022	2351243	152462	6.9339
2023-12-31	Balyasny Asset Management LLC	1.9136	0.0347	2112856	-803058	-27.5405
2023-09-30	Jacobs Levy Equity Management, Inc.	1.707	0.0681	1884751	1583882	526.4358
2023-12-31	Harspring Capital Management LLC	1.5805	3.6149	1745000	-105000	-5.6757
2023-12-31	SEI Investments Co	1.5303	0.0237	1689617	188454	12.5539
2023-12-31	Morgan Stanley - Brokerage Accounts	1.4672	0.0013	1619984	-732806	-31.1463
2023-12-31	Wellington Management Company LLP	1.2175	0.0022	1344295	857371	176.079
2023-12-31	Two Sigma Advisers, LLC	1.1479	0.0259	1267456	-162400	-11.3578
2023-12-31	Northern Trust Corp	0.8881	0.0016	980604	-7982	-0.8074
2023-12-31	Renaissance Technologies Corp	0.8747	0.0131	965733	-637474	-39.7624
2023-12-31	American Century Companies Inc	0.81	0.0054	894298	117793	15.1696
2023-09-30	No Street GP LP	0.8093	0.6518	893553	893553	0
2023-12-31	Goldman Sachs Group Inc	0.8003	0.0007	883574	246659	38.7271
2023-12-31	Millennium Management LLC	0.7716	0.0032	851901	-517219	-37.7775
Total		55.7052	8.2202	61504580	+4565312	+7.4%

3.2. Funds holding LendingClub Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9742	0.0017	3283854	0	0
2024-02-29	iShares Russell 2000 ETF	2.4925	0.0358	2752029	-450	-0.0163
2024-02-29	Vanguard Small Cap Index	2.4315	0.0155	2684615	24707	0.9289
2024-02-29	Vanguard Small Cap Value Index Inv	1.6618	0.028	1834844	7846	0.4294
2024-02-29	Jackson Square SMID-Cap Growth IS	1.6306	2.514	1800320	-153630	-7.8625
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4672	0.0129	1619985	927	0.0573
2023-12-31	Jackson Square SMID Cap Growth CIT Fdrs	1.2155	2.7488	1342082	137002	11.3687
2024-02-29	SPDR® S&P Kensho New Economies Comps ETF	1.041	0.4891	1149398	840	0.0731
2023-12-31	Fidelity Small Cap Index	0.9858	0.0374	1088452	32352	3.0633
2024-02-01	iShares Russell 2000 Value ETF	0.959	0.0778	1058786	1340	0.1267
2024-01-31	DFA US Small Cap Value I	0.8889	0.0585	981426	0	0
2024-02-29	Jackson Square - Small-Cap Opportunities	0.8817	6.8278	973441	0	0
2024-02-29	Avantis US Small Cap Value ETF	0.8225	0.0734	908081	804	0.0886
2024-01-31	DFA US Targeted Value I	0.7942	0.0613	876850	0	0
2024-02-29	Dimensional US Targeted Value ETF	0.6189	0.0581	683364	0	0
2023-12-31	Vanguard Strategic Equity Inv	0.6127	0.0759	676439	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.6032	0.0129	665946	12300	1.8818
2024-01-31	Fidelity Extended Market Index	0.5565	0.0155	614435	5149	0.8451
2024-02-29	Schwab US Small-Cap ETF™	0.4698	0.0254	518712	0	0
2024-01-31	DFA US Micro Cap I	0.3692	0.054	407654	0	0
Total		23.4767	13.2238	25920713	+69187	+0.3%

3.3. Insider Transactions

Insiders are holding 3.367% of the shares of LendingClub Corp.

Date	Owner	Type	Amount	Price
2023-10-31	John C Morris	BUY	10000	5.23
2023-05-09	Stephen M Cutler	BUY	7407	6.75
2023-05-05	Stephen M Cutler	BUY	7250	6.8

4. Summary

4.1. Key Performance Indicators

The key performance indicators of LendingClub Corp 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	-	-	0.395	0.198	+99%	0.711	-44%	0.172	+129%	0.268	+47%
Book Value Per Share	-	-	11.338	10.996	+3%	9.628	+18%	8.508	+33%	8.049	+41%
Current Ratio	-	-	-	26.409	-100%	13.923	-100%	11.465	-100%	13.160	-100%
Debt To Asset Ratio	-	-	0.858	0.859	0%	0.839	+2%	0.781	+10%	0.801	+7%
Debt To Equity Ratio	-	-	6.052	6.084	-1%	5.227	+16%	4.152	+46%	5.476	+11%
Dividend Per Share	-	-	-	-	0%	-	0%	0.114	-100%	0.057	-100%
Eps	-	-	0.092	0.088	+4%	0.656	-86%	0.058	+58%	-0.076	+183%
Free Cash Flow Per Share	-	-	-7.482	-2.708	-64%	0.693	-1180%	-0.297	-96%	-0.446	-94%
Free Cash Flow To Equity Per Share	-	-	-4.675	-0.921	-80%	7.022	-167%	0.875	-634%	0.985	-575%
Gross Profit Margin	-	-	-1.311	-1.638	+25%	-0.060	-95%	-3.933	+200%	-1.952	+49%
Intrinsic Value_10Y_max	-	-	-138.625	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-253.110	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-3.541	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-6.063	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-18.527	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-35.040	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-43.023	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-82.235	-	-	-	-	-	-	-	-
Market Cap	872246900.000	-11%	964992140.000	877767450.000	+10%	1306162130.000	-26%	1247257861.500	-23%	1018431064.000	-5%
Net Profit Margin	-	-	0.032	0.040	-19%	0.235	-86%	-0.134	+518%	-0.183	+669%
Operating Margin	-	-	0.178	0.089	+98%	0.129	+37%	-0.147	+182%	-0.188	+206%
Operating Ratio	-	-	0.822	1.004	-18%	0.064	+1184%	1.341	-39%	2.640	-69%
Pb Ratio	0.697	-11%	0.771	0.722	+7%	1.270	-39%	1.408	-45%	1.107	-30%
Pe Ratio	21.473	-11%	23.757	24.640	-4%	7.449	+219%	36.803	-35%	22.958	+3%
Price Per Share	7.900	-11%	8.740	7.950	+10%	11.830	-26%	11.297	-23%	9.224	-5%
Price To Free Cash Flow Ratio	-0.264	+10%	-0.292	-0.310	+6%	10.259	-103%	2.860	-110%	73.925	-100%
Price To Total Gains Ratio	20.004	-11%	22.131	93.720	-76%	26.271	-16%	-78.940	+457%	-51.540	+333%
Quick Ratio	-	-	50.396	46.640	+8%	17.724	+184%	19.932	+153%	19.296	+161%
Return On Assets	-	-	0.001	0.001	+2%	0.012	-90%	-0.002	+258%	-0.004	+405%
Return On Equity	-	-	0.008	0.008	+1%	0.068	-88%	0.002	+336%	-0.017	+304%
Total Gains Per Share	-	-	0.395	0.198	+99%	0.711	-44%	0.286	+38%	0.325	+21%
Usd Book Value	-	-	1251822000.000	1214076500.000	+3%	1063063750.000	+18%	939405350.000	+33%	888682925.000	+41%
Usd Book Value Change Per Share	-	-	0.395	0.198	+99%	0.711	-44%	0.172	+129%	0.268	+47%
Usd Book Value Per Share	-	-	11.338	10.996	+3%	9.628	+18%	8.508	+33%	8.049	+41%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	0.114	-100%	0.057	-100%
Usd Eps	-	-	0.092	0.088	+4%	0.656	-86%	0.058	+58%	-0.076	+183%
Usd Free Cash Flow	-	-	-826075000.000	-299027250.000	-64%	76521750.000	-1180%	-32747550.000	-96%	-49222250.000	-94%
Usd Free Cash Flow Per Share	-	-	-7.482	-2.708	-64%	0.693	-1180%	-0.297	-96%	-0.446	-94%
Usd Free Cash Flow To Equity Per Share	-	-	-4.675	-0.921	-80%	7.022	-167%	0.875	-634%	0.985	-575%
Usd Market Cap	872246900.000	-11%	964992140.000	877767450.000	+10%	1306162130.000	-26%	1247257861.500	-23%	1018431064.000	-5%
Usd Price Per Share	7.900	-11%	8.740	7.950	+10%	11.830	-26%	11.297	-23%	9.224	-5%
Usd Profit	-	-	10155000.000	9734750.000	+4%	72421250.000	-86%	6446050.000	+58%	-8427000.000	+183%
Usd Revenue	-	-	316340000.000	246244000.000	+28%	291636000.000	+8%	194908850.000	+62%	148766625.000	+113%
Usd Total Gains Per Share	-	-	0.395	0.198	+99%	0.711	-44%	0.286	+38%	0.325	+21%
	EOD	+3 -5	MRQ	TTM	+23 -11	YOY	+9 -25	5Y	+23 -13	10Y	+22 -14

4.2. Fundamental Score

Let's check the fundamental score of LendingClub Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	21.473
Price to Book Ratio (EOD)	Between	0-1	0.697
Net Profit Margin (MRQ)	Greater than	0	0.032
Operating Margin (MRQ)	Greater than	0	0.178
Quick Ratio (MRQ)	Greater than	1	50.396
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.858
Debt to Equity Ratio (MRQ)	Less than	1	6.052
Return on Equity (MRQ)	Greater than	0.15	0.008
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			5/10 (50.0%)

Create your own Stock Scanner

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

Let's check the technical score of LendingClub Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.042
Ma 20	Greater than	Ma 50	8.335
Ma 50	Greater than	Ma 100	8.252
Ma 100	Greater than	Ma 200	8.164
Open	Greater than	Close	7.590
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.
Create your own Symbol Scanner

Latest Balance Sheet

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

Summary

Total Assets	8,827,463
Total Liabilities	7,575,641
Total Stockholder Equity	1,251,822

	As reported
Total Liabilities	7,575,641
Total Stockholder Equity	+ 1,251,822
Total Assets	= 8,827,463

Assets

Total Assets	8,827,463
Total Current Assets	0
Long-term Assets	0

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	1,294,148
Short-term Investments	1,620,262
Net Receivables	35,793
Other Current Assets	-1,329,941
Total Current Assets (calculated)	1,620,262
+/-	1,620,262

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	188,128
Goodwill	75,717
Long Term Investments	1,663,153
Intangible Assets	12,135
Long-term Assets Other	-2,090,544
Long-term Assets (calculated)	-151,411
+/-	151,411

Liabilities & Shareholders' Equity

Total Current Liabilities	58,541
Long-term Liabilities	204,286
Total Stockholder Equity	1,251,822

Total Current Liabilities

Total Current Liabilities (as reported)	58,541
Short-term Debt	3,922
Accounts payable	54,619
Other Current Liabilities	-58,541
Total Current Liabilities (calculated)	0
+/-	58,541

Long-term Liabilities

Long-term Liabilities (as reported)	204,286
Long term Debt	19,354
Capital Lease Obligations	37,869
Long-term Liabilities (calculated)	57,223
+/-	147,063

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,251,822
Common Stock	1,104
Retained Earnings	-388,806
Accumulated Other Comprehensive Income	-30,304
Other Stockholders Equity	1,669,828
Total Stockholder Equity (calculated)	1,251,822
+/-	0

Other

Capital Stock	1,104
Cash and Short Term Investments	1,294,148
Common Stock Shares Outstanding	109,949
Liabilities and Stockholders Equity	8,827,463
Net Debt	-1,236,925
Net Invested Capital	1,271,176
Property Plant and Equipment Gross	294,134
Short Long Term Debt Total	57,223

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

> Total Assets

3,336,795
31,086,800
8,424,305
6,874,994
4,862,857
2,703,001
23,963,838
21,218,506
17,394,594
13,550,648
9,927,757
32,582,383
25,110,118
403,330
512,570,611,000
669,349,752,000
850,830
1,072,724
1,318,560
1,611,648
1,943,395
2,229,360
2,580,624
2,814,846
3,890,054
4,327,588
4,782,814
5,359,750
5,793,634
5,948,343
5,622,358
5,607,737
5,562,631
5,232,140
5,029,438
4,753,104
4,640,831
4,259,115
3,949,083
3,589,968
3,819,527
3,417,081
3,066,906
3,049,660
2,982,341
2,784,553
2,452,599
1,979,457
1,863,293
4,491,089
4,370,101
4,750,760
4,900,319
5,574,425
6,186,765
6,775,074
7,979,747
8,754,018
8,342,506
8,472,351
8,827,463

8,827,463

8,472,351

8,342,506

8,754,018

7,979,747

6,775,074

6,186,765

5,574,425

4,900,319

4,750,760

4,370,101

4,491,089

1,863,293

1,979,457

2,452,599

2,784,553

2,982,341

3,049,660

3,066,906

3,417,081

3,819,527

3,589,968

3,949,083

4,259,115

4,640,831

4,753,104

5,029,438

5,232,140

5,562,631

5,607,737

5,622,358

5,948,343

5,793,634

5,359,750

4,782,814

4,327,588

3,890,054

2,814,846

2,580,624

2,229,360

1,943,395

1,611,648

1,318,560

1,072,724

850,830

669,349,752,000

512,570,611,000

403,330

25,110,118

32,582,383

9,927,757

13,550,648

17,394,594

21,218,506

23,963,838

2,703,001

4,862,857

6,874,994

8,424,305

31,086,800

3,336,795

> Total Current Assets

3,187,341
30,946,807
8,265,576
6,733,600
4,730,406
2,572,174
23,837,256
21,056,943
17,264,772
13,335,657
9,600,097
32,205,637
24,711,904
34,551
47,275,662,000
52,409,133,000
58,072
59,912
64,642
75,240
84,881
84,991
93,237
109,097
897,065
904,685
925,671
959,528
967,220
917,248
886,323
852,661
860,404
842,655
818,671
666,515
631,241
588,336
624,215
555,848
585,020
638,156
590,606
477,291
546,580
583,474
586,103
650,779
682,637
1,134,205
846,151
1,137,081
950,656
1,443,542
1,444,974
1,311,998
1,402,732
2,017,025
1,727,503
2,103,439
0

2,103,439

1,727,503

2,017,025

1,402,732

1,311,998

1,444,974

1,443,542

950,656

1,137,081

846,151

1,134,205

682,637

650,779

586,103

583,474

546,580

477,291

590,606

638,156

585,020

555,848

624,215

588,336

631,241

666,515

818,671

842,655

860,404

852,661

886,323

917,248

967,220

959,528

925,671

904,685

897,065

109,097

93,237

84,991

84,881

75,240

64,642

59,912

58,072

52,409,133,000

47,275,662,000

34,551

24,711,904

32,205,637

9,600,097

13,335,657

17,264,772

21,056,943

23,837,256

2,572,174

4,730,406

6,733,600

8,265,576

30,946,807

3,187,341

Cash And Cash Equivalents

3,187,341
0
8,265,576
6,733,600
4,730,406
2,572,174
23,837,256
21,056,943
17,264,772
13,335,657
9,600,097
32,205,637
24,711,904
32,200
47,275,662,000
52,409,133,000
52,551
52,382
55,349
62,439
49,492
64,785
69,174
83,028
870,437
874,790
491,131
579,969
624,402
584,714
573,798
521,632
515,602
534,451
538,444
384,381
401,719
405,078
434,179
348,018
372,974
402,311
334,713
199,950
243,779
294,345
338,394
445,180
524,963
831,800
568,646
862,151
687,126
1,053,225
1,041,980
952,841
1,057,030
1,636,997
1,203,924
1,307,770
1,294,148

1,294,148

1,307,770

1,203,924

1,636,997

1,057,030

952,841

1,041,980

1,053,225

687,126

862,151

568,646

831,800

524,963

445,180

338,394

294,345

243,779

199,950

334,713

402,311

372,974

348,018

434,179

405,078

401,719

384,381

538,444

534,451

515,602

521,632

573,798

584,714

624,402

579,969

491,131

874,790

870,437

83,028

69,174

64,785

49,492

62,439

55,349

52,382

52,551

52,409,133,000

47,275,662,000

32,200

24,711,904

32,205,637

9,600,097

13,335,657

17,264,772

21,056,943

23,837,256

2,572,174

4,730,406

6,733,600

8,265,576

3,187,341

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,484
696
8,410
8,747
12,208
15,967
20,448
25,221
46,763
39,247
397,771
338,519
297,211
284,300
259,549
278,949
287,137
246,940
225,261
219,285
117,573
128,424
149,804
165,442
170,469
197,509
220,449
246,559
270,927
256,554
221,930
187,375
142,226
274,419
277,505
274,930
263,530
390,317
402,994
359,157
345,702
380,028
523,579
795,669
1,620,262

1,620,262

795,669

523,579

380,028

345,702

359,157

402,994

390,317

263,530

274,930

277,505

274,419

142,226

187,375

221,930

256,554

270,927

246,559

220,449

197,509

170,469

165,442

149,804

128,424

117,573

219,285

225,261

246,940

287,137

278,949

259,549

284,300

297,211

338,519

397,771

39,247

46,763

25,221

20,448

15,967

12,208

8,747

8,410

696

7,484

Net Receivables

19,270
0
45,009
41,604
49,138
0
591,326
59,865
69,443
0
354,083
361
520
2,351
2,800
4,500
5,521
7,530
9,293
12,801
35,389
20,206
24,063
26,069
26,628
29,895
36,769
41,040
45,607
48,234
52,976
52,080
57,665
61,264
54,966
62,849
111,949
54,834
40,232
42,388
41,577
38,336
35,444
30,782
31,874
32,575
25,779
18,224
15,448
27,986
2,299,045
157,457
2,754,737
0
0
0
30,901
0
0
0
35,793

35,793

30,901

2,754,737

157,457

2,299,045

27,986

15,448

18,224

25,779

32,575

31,874

30,782

35,444

38,336

41,577

42,388

40,232

54,834

111,949

62,849

54,966

61,264

57,665

52,080

52,976

48,234

45,607

41,040

36,769

29,895

26,628

26,069

24,063

20,206

35,389

12,801

9,293

7,530

5,521

4,500

2,800

2,351

520

361

354,083

69,443

59,865

591,326

49,138

41,604

45,009

19,270

Other Current Assets

0
30,946,807
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,538
795,873
0
0
3,546
-2,964
-3,035
-4,075
-3,023
-3,983
-4,803
-5,259
4,666,830
-9,998
-13,559
-12,144
-18,697
-25,620
-20,035
-26,724
-78,475
-27,822
-13,597
-17,842
-19,991
-18,679
-17,899
-16,611
2,213,357
-21,001
1,437,255
943,577
848,050
2,787,413
2,952,067
2,888,622
-651,456
72,120
123,063
66,285
-1,124,484
-1,684,339
-1,238,716
-1,350,257
-1,329,941

-1,329,941

-1,350,257

-1,238,716

-1,684,339

-1,124,484

66,285

123,063

72,120

-651,456

2,888,622

2,952,067

2,787,413

848,050

943,577

1,437,255

-21,001

2,213,357

-16,611

-17,899

-18,679

-19,991

-17,842

-13,597

-27,822

-78,475

-26,724

-20,035

-25,620

-18,697

-12,144

-13,559

-9,998

4,666,830

-5,259

-4,803

-3,983

-3,023

-4,075

-3,035

-2,964

3,546

795,873

1,538

30,946,807

> Long-term Assets

149,454
139,993
158,729
141,394
132,451
130,827
126,582
161,563
129,822
214,991
327,660
376,746
398,214
525
658,298,000
1,056,846,000
785,274
2,971
5,039
8,407
12,595
14,989
131,176
133,968
135,945
138,736
543,024
490,525
457,045
461,142
410,718
434,840
448,616
410,375
393,399
388,968
287,330
301,321
289,367
303,675
310,895
448,736
467,395
483,899
501,573
485,438
429,241
385,101
388,953
569,471
571,883
567,600
637,836
706,999
724,782
205,674
762,072
807,742
866,332
1,144,627
0

1,144,627

866,332

807,742

762,072

205,674

724,782

706,999

637,836

567,600

571,883

569,471

388,953

385,101

429,241

485,438

501,573

483,899

467,395

448,736

310,895

303,675

289,367

301,321

287,330

388,968

393,399

410,375

448,616

434,840

410,718

461,142

457,045

490,525

543,024

138,736

135,945

133,968

131,176

14,989

12,595

8,407

5,039

2,971

785,274

1,056,846,000

658,298,000

525

398,214

376,746

327,660

214,991

129,822

161,563

126,582

130,827

132,451

141,394

158,729

139,993

149,454

Property Plant Equipment

149,454
139,993
158,729
141,394
132,451
130,827
126,582
161,563
129,822
214,991
327,660
376,746
398,214
525
658,298,000
1,056,846,000
1,578
2,971
5,039
8,407
12,595
14,989
19,420
23,686
27,051
31,295
39,087
47,096
55,930
64,194
75,102
82,556
89,263
92,290
97,943
100,682
101,933
107,177
110,895
110,510
113,875
225,612
222,345
213,501
207,855
206,906
186,104
177,271
170,678
180,244
177,288
175,935
175,312
186,385
191,632
199,893
200,345
201,376
207,044
213,278
188,128

188,128

213,278

207,044

201,376

200,345

199,893

191,632

186,385

175,312

175,935

177,288

180,244

170,678

177,271

186,104

206,906

207,855

213,501

222,345

225,612

113,875

110,510

110,895

107,177

101,933

100,682

97,943

92,290

89,263

82,556

75,102

64,194

55,930

47,096

39,087

31,295

27,051

23,686

19,420

14,989

12,595

8,407

5,039

2,971

1,578

1,056,846,000

658,298,000

525

398,214

376,746

327,660

214,991

129,822

161,563

126,582

130,827

132,451

141,394

158,729

139,993

149,454

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
72,679
72,592
72,592
72,683
72,683
72,683
72,683
72,683
37,283
35,633
35,633
35,633
35,633
35,633
35,633
35,633
0
0
0
0
0
0
0
0
0
0
0
75,717
75,717
75,717
75,717
75,717
75,717
75,717
75,717
75,717
75,717
75,717
75,717

75,717

35,633

37,283

72,683

72,592

72,679

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
603,169
781,215
995,983
1,237,468
1,516,676
1,829,042
2,109,818
2,326,202
2,533,671
2,798,505
3,230,661
3,637,383
4,068,974
297,461
4,716,156
4,424,171
4,426,370
4,321,032
4,036,164
3,833,330
3,679,818
3,168,150
2,883,757
2,873,936
2,758,554
2,893,741
2,447,873
2,168,516
2,194,208
2,072,597
1,883,671
1,594,251
1,076,450
900,814
441,042
277,505
274,930
263,530
390,317
402,994
359,157
345,702
44,647
523,579
795,669
1,663,153

1,663,153

795,669

523,579

44,647

345,702

359,157

402,994

390,317

263,530

274,930

277,505

441,042

900,814

1,076,450

1,594,251

1,883,671

2,072,597

2,194,208

2,168,516

2,447,873

2,893,741

2,758,554

2,873,936

2,883,757

3,168,150

3,679,818

3,833,330

4,036,164

4,321,032

4,426,370

4,424,171

4,716,156

297,461

4,068,974

3,637,383

3,230,661

2,798,505

2,533,671

2,326,202

2,109,818

1,829,042

1,516,676

1,237,468

995,983

781,215

603,169

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
39,077
37,690
36,302
34,758
33,483
32,227
30,971
29,715
28,534
27,373
26,211
25,049
23,992
22,957
21,923
20,888
19,929
18,988
18,048
17,108
16,242
15,396
14,549
13,703
12,932
12,180
67,774
25,220
23,861
22,521
91,551
19,886
18,690
17,512
101,988
105,630
14,167
13,151
12,135

12,135

13,151

14,167

105,630

101,988

17,512

18,690

19,886

91,551

22,521

23,861

25,220

67,774

12,180

12,932

13,703

14,549

15,396

16,242

17,108

18,048

18,988

19,929

20,888

21,923

22,957

23,992

25,049

26,211

27,373

28,534

29,715

30,971

32,227

33,483

34,758

36,302

37,690

39,077

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
368,254
464,636,651,000
615,883,773,000
749
1,009,841
1,248,879
1,528,001
1,845,919
2,129,380
2,356,211
2,571,781
2,857,044
3,284,167
3,314,119
3,909,697
4,369,369
4,569,953
4,325,317
4,320,236
4,253,611
3,979,110
3,817,368
3,697,621
3,722,260
3,369,458
3,035,501
2,730,445
2,923,612
2,330,189
2,008,905
2,088,470
1,934,188
1,715,641
1,437,255
943,577
791,703
2,787,413
2,952,067
3,046,079
3,311,827
3,423,884
4,017,009
6,775,074
5,814,943
5,929,251
5,748,671
5,224,285
8,827,463

8,827,463

5,224,285

5,748,671

5,929,251

5,814,943

6,775,074

4,017,009

3,423,884

3,311,827

3,046,079

2,952,067

2,787,413

791,703

943,577

1,437,255

1,715,641

1,934,188

2,088,470

2,008,905

2,330,189

2,923,612

2,730,445

3,035,501

3,369,458

3,722,260

3,697,621

3,817,368

3,979,110

4,253,611

4,320,236

4,325,317

4,569,953

4,369,369

3,909,697

3,314,119

3,284,167

2,857,044

2,571,781

2,356,211

2,129,380

1,845,919

1,528,001

1,248,879

1,009,841

749

615,883,773,000

464,636,651,000

368,254

> Total Liabilities

13,781,418
18,997,219
25,969,284
36,184,103
50,697,975
65,825,246
84,797,402
107,026,350
128,221,299
154,361,557
186,794,714
229,161,873
294,262,471
451,799
460,953,935,000
617,798,688,000
901,643
1,122,489
1,365,506
1,653,005
1,875,301
2,160,549
2,443,486
2,673,306
2,916,835
3,345,493
3,786,963
4,344,112
4,751,774
4,898,064
4,634,362
4,631,195
4,586,861
4,259,718
4,045,410
3,753,253
3,713,074
3,343,995
3,074,863
2,721,876
2,948,546
2,551,207
2,192,585
2,161,773
2,082,154
1,988,007
1,706,457
1,245,565
1,139,122
3,757,954
3,607,742
3,945,970
4,050,077
4,686,991
5,107,648
5,653,664
6,815,453
7,563,276
7,136,983
7,264,132
7,575,641

7,575,641

7,264,132

7,136,983

7,563,276

6,815,453

5,653,664

5,107,648

4,686,991

4,050,077

3,945,970

3,607,742

3,757,954

1,139,122

1,245,565

1,706,457

1,988,007

2,082,154

2,161,773

2,192,585

2,551,207

2,948,546

2,721,876

3,074,863

3,343,995

3,713,074

3,753,253

4,045,410

4,259,718

4,586,861

4,631,195

4,634,362

4,898,064

4,751,774

4,344,112

3,786,963

3,345,493

2,916,835

2,673,306

2,443,486

2,160,549

1,875,301

1,653,005

1,365,506

1,122,489

901,643

617,798,688,000

460,953,935,000

451,799

294,262,471

229,161,873

186,794,714

154,361,557

128,221,299

107,026,350

84,797,402

65,825,246

50,697,975

36,184,103

25,969,284

18,997,219

13,781,418

> Total Current Liabilities

802,008
686,569
894,681
730,431
406,652
444,831
649,098
630,332
369,628
260,218
279,517
1,258,276
752,665
3,488
1,119,681,000
768,813,000
1,210
11,019
14,666
16,879
22,265
22,626
27,201
29,077
32,856
33,544
40,540
43,614
45,786
47,497
51,553
51,731
54,463
45,892
51,865
45,481
74,493
28,899
37,450
336,164
485,147
303,596
347,664
535,046
607,568
635,350
490,810
129,370
151,874
100,833
76,673
53,976
128,752
105,925
98,267
97,599
100,792
52,520
60,815
54,179
58,541

58,541

54,179

60,815

52,520

100,792

97,599

98,267

105,925

128,752

53,976

76,673

100,833

151,874

129,370

490,810

635,350

607,568

535,046

347,664

303,596

485,147

336,164

37,450

28,899

74,493

45,481

51,865

45,892

54,463

51,731

51,553

47,497

45,786

43,614

40,540

33,544

32,856

29,077

27,201

22,626

22,265

16,879

14,666

11,019

1,210

768,813,000

1,119,681,000

3,488

752,665

1,258,276

279,517

260,218

369,628

630,332

649,098

444,831

406,652

730,431

894,681

686,569

802,008

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
533
1,203
2,859
2,050
3,885
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,100
74,000
349,232
305,336
458,802
263,863
324,426
509,107
587,453
621,020
480,079
120,159
104,989
90,091
68,781
46,110
27,780
13,188
7,983
4,803
2,619
1,392
6,995
3,247
3,922

3,922

3,247

6,995

1,392

2,619

4,803

7,983

13,188

27,780

46,110

68,781

90,091

104,989

120,159

480,079

621,020

587,453

509,107

324,426

263,863

458,802

305,336

349,232

74,000

32,100

3,885

2,050

2,859

1,203

533

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
344,223
354,915
349,232
0
57,012
0
324,426
509,107
587,453
621,020
480,079
120,159
104,989
460,177
264,262
46,110
27,780
13,188
7,983
4,803
2,619
1,392
0
0
0

1,392

2,619

4,803

7,983

13,188

27,780

46,110

264,262

460,177

104,989

120,159

480,079

621,020

587,453

509,107

324,426

57,012

349,232

354,915

344,223

Accounts payable

737,011
630,452
848,749
693,671
377,519
422,690
634,075
621,788
366,706
259,682
279,517
1,258,276
752,665
3,488
1,119,681,000
768,813,000
11,254
11,019
14,666
16,879
22,265
22,626
27,201
29,077
32,856
33,544
40,540
43,614
45,786
47,497
51,553
51,731
54,463
45,892
51,865
45,481
42,393
28,899
37,450
30,828
26,345
39,733
23,238
25,939
20,115
14,330
10,731
9,211
46,885
10,742
7,892
7,866
100,972
92,737
90,284
92,796
98,173
51,128
60,815
54,179
54,619

54,619

54,179

60,815

51,128

98,173

92,796

90,284

92,737

100,972

7,866

7,892

10,742

46,885

9,211

10,731

14,330

20,115

25,939

23,238

39,733

26,345

30,828

37,450

28,899

42,393

45,481

51,865

45,892

54,463

51,731

51,553

47,497

45,786

43,614

40,540

33,544

32,856

29,077

27,201

22,626

22,265

16,879

14,666

11,019

11,254

768,813,000

1,119,681,000

3,488

752,665

1,258,276

279,517

259,682

366,706

621,788

634,075

422,690

377,519

693,671

848,749

630,452

737,011

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
-3,488
0
0
10,044
-11,019
-14,666
-16,879
-22,265
-22,626
-27,201
-29,077
-32,856
-33,544
-40,540
-43,614
-45,786
-47,497
-51,553
-51,731
-54,463
-45,892
-51,865
-45,481
-74,493
-28,899
-37,450
-336,164
-485,147
-303,596
-347,664
-535,046
-607,568
-635,350
-490,810
-129,370
-151,874
-100,833
-76,673
-53,976
-128,752
-105,925
-98,267
5,123,506
-100,792
-52,520
-60,815
-54,179
-58,541

-58,541

-54,179

-60,815

-52,520

-100,792

5,123,506

-98,267

-105,925

-128,752

-53,976

-76,673

-100,833

-151,874

-129,370

-490,810

-635,350

-607,568

-535,046

-347,664

-303,596

-485,147

-336,164

-37,450

-28,899

-74,493

-45,481

-51,865

-45,892

-54,463

-51,731

-51,553

-47,497

-45,786

-43,614

-40,540

-33,544

-32,856

-29,077

-27,201

-22,626

-22,265

-16,879

-14,666

-11,019

10,044

-3,488

> Long-term Liabilities

12,979,410
0
25,074,603
35,453,672
50,291,323
0
84,148,304
106,396,018
127,851,671
154,101,339
186,515,197
227,904
293,510
361,164
459,834,254,000
617,029,875,000
785,316
1,000,059
1,242,668
1,522,975
1,840,643
2,121,061
2,387,710
2,603,380
2,817,086
3,254,449
3,666,211
4,105,035
4,582,195
4,741,060
4,426,425
4,431,065
4,335,089
4,050,373
3,822,067
3,532,642
3,285,040
2,955,478
2,398,014
2,175,177
2,187,860
2,071,548
1,650,890
1,369,229
1,248,108
1,211,359
1,084,674
984,524
889,043
771,109
617,397
498,899
402,213
292,821
237,631
5,648,861
140,801
115,239
110,607
94,582
204,286

204,286

94,582

110,607

115,239

140,801

5,648,861

237,631

292,821

402,213

498,899

617,397

771,109

889,043

984,524

1,084,674

1,211,359

1,248,108

1,369,229

1,650,890

2,071,548

2,187,860

2,175,177

2,398,014

2,955,478

3,285,040

3,532,642

3,822,067

4,050,373

4,335,089

4,431,065

4,426,425

4,741,060

4,582,195

4,105,035

3,666,211

3,254,449

2,817,086

2,603,380

2,387,710

2,121,061

1,840,643

1,522,975

1,242,668

1,000,059

785,316

617,029,875,000

459,834,254,000

361,164

293,510

227,904

186,515,197

154,101,339

127,851,671

106,396,018

84,148,304

50,291,323

35,453,672

25,074,603

12,979,410

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
184,915
226,335
291,556
364
35
605,416
785,316
1,000,059
1,242,668
1,522,975
1,839,990
2,120,227
2,386,111
2,600,859
2,813,618
3,249,346
3,660,124
4,095,481
0
4,728,562
4,415,885
4,419,911
4,320,895
4,034,357
3,805,582
3,515,578
2,954,768
2,655,417
2,377,080
2,152,316
1,905,875
1,703,226
1,517,951
1,240,958
1,081,466
886,840
785,928
708,597
636,774
18,572
15,650
15,563
15,455
15,388
15,300
210,103
130,283
52,980
42,512
28,835
0

28,835

42,512

52,980

130,283

210,103

15,300

15,388

15,455

15,563

15,650

18,572

636,774

708,597

785,928

886,840

1,081,466

1,240,958

1,517,951

1,703,226

1,905,875

2,152,316

2,377,080

2,655,417

2,954,768

3,515,578

3,805,582

4,034,357

4,320,895

4,419,911

4,415,885

4,728,562

4,095,481

3,660,124

3,249,346

2,813,618

2,600,859

2,386,111

2,120,227

1,839,990

1,522,975

1,242,668

1,000,059

785,316

605,416

364

291,556

226,335

184,915

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,264
16,020
24,024
1,589
2,055
6,047
8,236
10,409
9,288
10,903
13,056
14,008
14,772
37,314
30,523
37,218
40,815
45,257
45,362
174,620
2,795,530
2,508,686
2,217,667
1,969,289
1,753,414
1,578,962
1,299,944
1,145,722
932,652
837,041
809,079
677,060
772,269
2,825,575
3,104,559
3,669,458
467,220
417,975
407,199
172,578
169,908
0
115,108
0

115,108

169,908

172,578

407,199

417,975

467,220

3,669,458

3,104,559

2,825,575

772,269

677,060

809,079

837,041

932,652

1,145,722

1,299,944

1,578,962

1,753,414

1,969,289

2,217,667

2,508,686

2,795,530

174,620

45,362

45,257

40,815

37,218

30,523

37,314

14,772

14,008

13,056

10,903

9,288

10,409

8,236

6,047

2,055

1,589

24,024

16,020

13,264

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
1,296
0
0
0
1,032
0
0
0
2,952
3,749
3,132
2,625
2,117
2,391
2,687
2,066
1,484
1,540
770
87
0
0
0
0
0
0
0
0
0
0
0
0
0

770

1,540

1,484

2,066

2,687

2,391

2,117

2,625

3,132

3,749

2,952

1,032

1,296

> Total Stockholder Equity

-13,981,675
-16,372,865
-19,015,911
-21,774,347
-23,856,244
-26,263,666
-28,716,867
-31,545,480
-34,328,820
-37,343,022
-40,206,633
-43,443,394
-46,228,250
-48,469
51,616,676,000
51,551,064,000
-50,813
-49,765
-46,946
-41,357
68,094
68,811
137,138
141,540
973,219
982,095
995,851
1,015,638
1,041,860
1,050,279
987,996
976,542
975,770
972,422
976,296
993,288
922,495
910,949
871,016
865,639
869,201
864,784
873,625
887,887
900,187
796,546
746,142
733,892
724,171
733,135
762,359
804,790
850,242
887,434
1,079,117
1,121,410
1,164,294
1,190,742
1,205,523
1,208,219
1,251,822

1,251,822

1,208,219

1,205,523

1,190,742

1,164,294

1,121,410

1,079,117

887,434

850,242

804,790

762,359

733,135

724,171

733,892

746,142

796,546

900,187

887,887

873,625

864,784

869,201

865,639

871,016

910,949

922,495

993,288

976,296

972,422

975,770

976,542

987,996

1,050,279

1,041,860

1,015,638

995,851

982,095

973,219

141,540

137,138

68,811

68,094

-41,357

-46,946

-49,765

-50,813

51,551,064,000

51,616,676,000

-48,469

-46,228,250

-43,443,394

-40,206,633

-37,343,022

-34,328,820

-31,545,480

-28,716,867

-26,263,666

-23,856,244

-21,774,347

-19,015,911

-16,372,865

-13,981,675

Common Stock

81,900
82,207
82,321
82,670
85,043
85,358
85,650
85,650
85,650
85,716
87,121
88,157
88,890
91
101,593,000
104,922,000
123
125
127
136
138
142
297
3,103
3,714
3,721
3,745
3,773
3,797
3,836
3,878
3,964
4,003
4,051
4,130
4,170
4,198
4,219
4,255
4,284
864
4,342
876
886
892
699
709
765
881
972
986
998
1,010
1,022
1,036
1,051
1,065
1,075
1,087
1,096
1,104

1,104

1,096

1,087

1,075

1,065

1,051

1,036

1,022

1,010

998

986

972

881

765

709

699

892

886

876

4,342

864

4,284

4,255

4,219

4,198

4,170

4,130

4,051

4,003

3,964

3,878

3,836

3,797

3,773

3,745

3,721

3,714

3,103

297

142

138

136

127

125

123

104,922,000

101,593,000

88,890

88,157

87,121

85,716

85,650

85,358

85,043

82,670

82,321

82,207

81,900

Retained Earnings Total Equity

-414,079

-427,745

-451,336

-494,534

-676,594

-767,634

-796,742

-823,927

-833,298

-786,214

-759,559

-725,234

-646,763

-548,472

-548,706

-548,323

-537,662

-517,727

-504,265

-481,461

-420,600

-389,419

-297,412

-290,882

-265,428

-234,187

-201,917

-165,431

-84,081

-92,787

-93,737

-89,597

-83,223

-74,186

-66,815

-57,628

-50,329

-53,187

-55,900

-57,596

-57,637

-56,806

-55,925

-53,399

-50,775

-47,908

-44,561

Accumulated Other Comprehensive Income

863,579
0
-5,702,126
-2,888,989
-764,279
0
-20,170,647
-17,231,758
-14,344,409
0
-8,289,062
-30,856
-27,988
0
-102,159,740,000
-102,526,462,000
0
-103,043
-103,186
-103,219
-2,065
-3,061
-4,395
-5,975
-7,983
-11,127
-831
-1,172
-1,671
-868
-722
-657
-767
-626
-596
-589
-5
45
-393
172
157
225
1,313
659
-565
-20,927
-7,582
-1,154
1,484
1,688
4,874
5,980
7,046
-13,141
-21,843
-39,834
-37,616
-33,537
-39,188
-54,152
-30,304

-30,304

-54,152

-39,188

-33,537

-37,616

-39,834

-21,843

-13,141

7,046

5,980

4,874

1,688

1,484

-1,154

-7,582

-20,927

-565

659

1,313

225

157

172

-393

-5

-589

-596

-626

-767

-657

-722

-868

-1,671

-1,172

-831

-11,127

-7,983

-5,975

-4,395

-3,061

-2,065

-103,219

-103,186

-103,043

-102,526,462,000

-102,159,740,000

-27,988

-30,856

-8,289,062

-14,344,409

-17,231,758

-20,170,647

-764,279

-2,888,989

-5,702,126

863,579

Capital Surplus

0
0
0
0
0
0
0
0
0
0
4,268
4,376
4,458
0
5,292
5,738
6,713
7,718
8,827
11,694
15,041
23,053
29,982
37,817
1,052,728
1,067,971
1,086,674
1,105,824
0
1,150,877
1,169,756
1,194,637
1,226,206
1,253,910
1,283,129
1,306,604
1,327,206
1,346,770
1,368,100
1,384,933
1,401,937
1,417,364
1,439,244
1,454,586
1,467,882
1,463,535
1,478,247
1,493,839
1,508,020
1,563,865
1,580,518
1,594,646
1,609,820
1,576,147
1,594,458
1,611,627
1,628,590
1,637,283
1,647,593
1,660,236
0

1,660,236

1,647,593

1,637,283

1,628,590

1,611,627

1,594,458

1,576,147

1,609,820

1,594,646

1,580,518

1,563,865

1,508,020

1,493,839

1,478,247

1,463,535

1,467,882

1,454,586

1,439,244

1,417,364

1,401,937

1,384,933

1,368,100

1,346,770

1,327,206

1,306,604

1,283,129

1,253,910

1,226,206

1,194,637

1,169,756

1,150,877

1,105,824

1,086,674

1,067,971

1,052,728

37,817

29,982

23,053

15,041

11,694

8,827

7,718

6,713

5,738

5,292

4,458

4,376

4,268

Treasury Stock

-92

-19,550

-19,538

-19,485

-12

-13

Other Stockholders Equity

-14,063,575
-16,455,072
-19,098,232
-21,857,017
-23,941,287
-26,349,024
-28,802,517
-31,631,130
-34,414,470
4,025,914
-40,293,754
-43,531,551
-46,317,140
4,839
107,439,592,000
108,252,237,000
0
7,706
8,827
11,694
15,041
23,053
29,982
212,623
1,052,728
1,067,971
1,086,674
1,105,824
1,127,952
1,131,392
1,150,271
1,175,152
1,206,721
1,234,425
1,263,644
1,287,119
1,307,721
1,327,285
1,348,615
1,365,448
1,385,907
1,397,879
1,419,759
1,435,048
1,448,332
2,927,070
2,956,494
2,987,678
1,508,020
1,563,773
1,580,426
1,594,554
1,559,616
1,576,147
1,594,458
1,611,529
1,628,590
1,637,283
1,647,593
1,660,236
1,669,828

1,669,828

1,660,236

1,647,593

1,637,283

1,628,590

1,611,529

1,594,458

1,576,147

1,559,616

1,594,554

1,580,426

1,563,773

1,508,020

2,987,678

2,956,494

2,927,070

1,448,332

1,435,048

1,419,759

1,397,879

1,385,907

1,365,448

1,348,615

1,327,285

1,307,721

1,287,119

1,263,644

1,234,425

1,206,721

1,175,152

1,150,271

1,131,392

1,127,952

1,105,824

1,086,674

1,067,971

1,052,728

212,623

29,982

23,053

15,041

11,694

8,827

7,706

108,252,237,000

107,439,592,000

4,839

-46,317,140

-43,531,551

-40,293,754

4,025,914

-34,414,470

-31,631,130

-28,802,517

-26,349,024

-23,941,287

-21,857,017

-19,098,232

-16,455,072

-14,063,575

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
Accounts Payable	54,619	98,173	100,972	46,885	20,115	26,345	42,393	54,463	45,786	32,856	22,265	11,254	3,488	300	400	630,452
Accumulated Amortization	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
Accumulated Other Comprehensive Income	-30,304	-37,616	7,046	1,484	-565	157	-5	-767	-1,671	-7,983	-2,065	-500	-321	-200	-200	-28,462,446
Additional Paid In Capital	0	0	0	0	0	0	1,327,206	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	37,869	77,291	91,588	94,538	112,344	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,104	1,065	1,010	881	892	4,319	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	1,628,590	1,609,820	1,508,020	1,467,882	1,401,937	1,327,206	1,226,206	1,127,952	1,052,728	15,041	6,713	0	0	0	0
Cash	1,294,148	1,057,030	687,126	524,963	243,779	372,974	401,719	515,602	624,402	870,437	49,492	52,600	32,200	13,300	2,600	11,998,541
Cash And Equivalents	0	1,033,905	651,456	524,963	243,779	372,974	401,719	515,602	0	0	0	0	0	0	0	0
Cash And Short Term Investments	1,294,148	1,402,732	950,656	667,189	514,706	543,443	519,292	802,739	921,613	870,437	49,492	60,035	32,200	13,300	2,600	11,998,541
Common Stock	1,104	1,065	1,010	881	892	864	4,198	4,003	3,797	3,714	138	123	91	100	100	82,207
Common Stock Shares Outstanding	108,469	104,001	102,147	90,440	87,279	84,583	81,799	77,552	74,974	15,115	11,592	72,200	64,666	72,200	72,200	8,191,906
Common Stock Total Equity	0	1,065	1,010	881	892	4,319	4,198	4,003	3,797	3,714	138	100	91	100	100	100
Current Deferred Revenue	0	0	0	4,923	13,688	0	0	0	0	0	0	0	0	536	22,141	56,117
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	1,484	2,117	2,952	1,032	1,296	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
Good Will	75,717	75,717	75,717	75,717	0	0	35,633	35,633	72,683	72,592	0	0	0	0	0	0
Intangible Assets	12,135	101,988	91,551	67,774	14,549	18,048	21,923	26,211	30,971	36,302	0	0	0	0	0	0
Inventory	0	1,093,583	0	628,485	565,466	19,991	235,825	9,048	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	8,827,463	7,979,747	4,900,319	1,863,293	2,982,341	3,819,527	4,640,831	5,562,631	5,793,634	3,890,054	1,943,395	850,800	403,330	169,900	68,000	31,086,800
Long Term Debt	19,354	130,283	610,338	636,774	1,081,466	1,905,875	2,954,768	4,320,895	4,571,583	2,813,618	1,839,990	785,316	364	0	0	0
Long Term Debt Total	0	130,283	15,455	636,774	1,081,466	1,905,875	2,954,768	4,320,895	0	2,813,618	1,839,990	785,316	364	0	0	0
Long Term Investments	1,663,153	345,702	263,530	900,814	2,072,597	2,893,741	3,168,150	4,321,032	297,461	2,798,505	1,829,042	781,215	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-1,236,925	-913,610	-257,133	464,146	1,578,094	2,248,057	2,897,272	3,805,293	3,947,181	1,943,181	1,790,498	-52,600	328,964	-10,400	61,900	-11,998,541
Net Invested Capital	1,271,176	1,230,423	1,188,647	1,618,742	2,609,716	3,490,232	4,221,486	0	0	0	0	0	0	0	0	0
Net Receivables	35,793	30,901	0	15,448	31,874	41,577	111,949	57,665	45,607	26,628	35,389	5,600	2,351	100	100	71,594
Net Tangible Assets	0	1,088,577	774,525	712,744	885,638	851,153	864,939	913,926	938,206	864,325	-35,150	-50,813	-48,469	0	0	0
Net Working Capital	2,814,225	1,301,940	821,904	530,763	-60,988	99,873	556,748	805,941	921,434	864,209	62,616	44,738	31,063	-196,591	-64,127	11,383,566
Non Current Assets Total	237,234	762,072	637,836	388,953	501,573	310,895	287,330	448,616	457,045	135,945	12,595	792,758	525	214,991	130,827	139,993
Non Current Liabilities Other	0	420,281	871,054	352,335	740,407	715,156	312,123	0	0	0	3,918	0	360,800	0	0	0
Non Current Liabilities Total	204,286	140,801	402,213	889,043	1,248,108	2,187,860	3,285,040	4,335,089	4,582,195	2,817,086	1,840,643	-65	361,164	2,900	64,500	18,310,650
Non Currrent Assets Other	-1,853,310	-173,687	-637,836	-388,953	-501,573	-310,895	-287,330	-448,616	-457,045	-135,945	-12,595	790,458	-525	209,491	74,627	131,493
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	1,780	5,262	0	0	0	0	0	0	0	0	0
Other Assets	5,717,463	5,814,943	3,311,827	791,703	1,934,188	2,923,612	3,722,260	4,253,611	4,369,369	2,857,044	1,845,919	0	368,254	0	0	18,876,672
Other Current Assets	-1,329,941	-1,124,484	-763,586	-628,485	-565,466	-19,991	-78,475	-18,697	4,666,830	-3,023	3,546	0	-156,085	-58,491	-65,527	-120,993
Other Current Liab	-58,541	-100,792	-128,752	-4,923	-13,688	-485,147	-74,493	-54,463	-45,786	-32,856	-22,265	0	-3,488	150,664	-21,241	-47,317
Other Liab	0	172,578	3,669,458	677,060	1,145,722	1,969,371	3,122,017	4,352,012	4,586,019	10,409	1,589	0	0	0	0	0
Other Stockholder Equity	1,669,828	1,628,590	1,559,616	1,508,020	1,448,332	1,385,907	1,307,721	1,206,721	1,127,952	1,052,728	15,041	0	4,839	-16,507,608	-28,429,946	3,444,301
Preferred Stock Redeemable	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	103,244	103,023	84,806	0	0	0
Property Plant And Equipment Gross	294,134	302,944	97,996	170,678	207,855	113,875	101,933	89,263	55,930	27,051	12,595	1,600	525	200	100	100
Property Plant And Equipment Net	188,128	200,345	175,312	170,678	207,855	113,875	101,933	89,263	55,930	27,051	12,595	0	525	200	100	139,993
Property Plant Equipment	0	136,473	97,996	96,641	114,370	113,875	101,933	89,263	55,930	27,051	12,595	1,578	525	0	0	0
Retained Earnings	-388,806	-427,745	-717,430	-786,214	-548,472	-517,727	-389,419	-234,187	-88,218	-83,223	-50,329	-57,600	-53,399	-41,500	-30,200	-19,899,373
Retained Earnings Total Equity	0	-427,745	-767,634	-786,214	-548,472	-517,727	-389,419	-234,187	0	-83,223	-50,329	-57,637	-53,399	0	0	0
Short Long Term Debt	0	2,619	27,780	104,989	587,453	458,802	344,223	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	57,223	143,420	429,993	989,109	1,821,873	2,621,031	3,298,991	4,320,895	4,571,583	2,813,618	1,839,990	0	361,164	2,900	64,500	9,600
Short Term Debt	3,922	2,619	27,780	104,989	587,453	458,802	32,100	0	0	0	0	2,050	533	0	0	0
Short Term Investments	1,620,262	345,702	263,530	142,226	270,927	170,469	117,573	287,137	297,211	46,763	12,208	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
Total Assets	8,827,463	7,979,747	4,900,319	1,863,293	2,982,341	3,819,527	4,640,831	5,562,631	5,793,634	3,890,054	1,943,395	850,800	403,330	169,900	68,000	31,086,800
Total Current Assets	2,872,766	1,402,732	950,656	682,637	546,580	585,020	631,241	860,404	967,220	897,065	84,881	58,042	34,551	-45,091	-62,827	12,070,135
Total Current Liabilities	58,541	100,792	128,752	151,874	607,568	485,147	74,493	54,463	45,786	32,856	22,265	13,304	3,488	151,500	1,300	686,569
Total Liab	7,575,641	6,815,453	4,050,077	1,139,122	2,082,154	2,948,546	3,713,074	4,586,861	4,751,774	2,916,835	1,875,301	798,600	451,799	154,400	65,800	18,997,219
Total Permanent Equity	0	0	0	0	0	0	927,757	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,251,822	1,164,294	850,242	724,171	900,187	869,201	922,495	975,770	1,041,860	973,219	68,094	-50,813	-48,469	15,500	2,200	12,089,581
Treasury Stock	0	0	0	0	-19,550	-19,485	-19,485	-19,485	0	0	0	-12	0	0	0	0
Warrants	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
Accounts Payable	54,619	54,179	60,815	51,128	98,173	92,796	90,284	92,737	100,972	7,866	7,892	10,742	46,885	9,211	10,731	14,330	20,115	25,939	23,238	39,733	26,345	30,828	37,450	28,899	42,393	45,481	51,865	45,892	54,463	51,731	51,553	47,497	45,786	43,614	40,540	33,544	32,856	29,077	27,201	22,626	22,265	16,879	14,666	11,019	11,254	768,813,000	1,119,681,000	3,488	752,665	1,258,276	279,517	259,682	366,706	621,788	634,075	422,690	377,519	693,671	848,749	630,452	737,011
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
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
Accumulated Other Comprehensive Income	-30,304	-54,152	-39,188	-33,537	-37,616	-39,834	-21,843	-13,141	7,046	5,980	4,874	1,688	1,484	-1,154	-7,582	-20,927	-565	659	1,313	225	157	172	-393	45	-5	-589	-596	-626	-767	-657	-722	-868	-1,671	-1,172	-831	-11,127	-7,983	-5,975	-4,395	-3,061	-2,065	-103,219	-103,186	-103,043	0	-102,526,462,000	-102,159,740,000	0	-27,988	-30,856	-8,289,062	0	-14,344,409	-17,231,758	-20,170,647	0	-764,279	-2,888,989	-5,702,126	0	863,579
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	1,384,933	1,368,100	1,346,770	1,327,206	0	0	0	0	0	0	0	0	0	0	0	0	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	37,869	65,747	68,095	70,406	77,291	83,561	84,979	88,180	91,588	95,543	99,492	104,220	94,538	98,204	100,911	109,481	112,344	114,957	119,964	122,667	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,104	1,096	1,087	1,075	1,065	1,051	1,036	1,022	1,010	998	986	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,660,236	1,647,593	1,637,283	1,628,590	1,611,627	1,594,458	1,576,147	1,609,820	1,594,646	1,580,518	1,563,865	1,508,020	1,493,839	1,478,247	1,463,535	1,467,882	1,454,586	1,439,244	1,417,364	1,401,937	1,384,933	1,368,100	1,346,770	1,327,206	1,306,604	1,283,129	1,253,910	1,226,206	1,194,637	1,169,756	1,150,877	0	1,105,824	1,086,674	1,067,971	1,052,728	37,817	29,982	23,053	15,041	11,694	8,827	7,718	6,713	5,738	5,292	0	4,458	4,376	4,268	0	0	0	0	0	0	0	0	0	0
Cash	1,294,148	1,307,770	1,203,924	1,636,997	1,057,030	952,841	1,041,980	1,053,225	687,126	862,151	568,646	831,800	524,963	445,180	338,394	294,345	243,779	199,950	334,713	402,311	372,974	348,018	434,179	405,078	401,719	384,381	538,444	534,451	515,602	521,632	573,798	584,714	624,402	579,969	491,131	874,790	870,437	83,028	69,174	64,785	49,492	62,439	55,349	52,382	52,551	52,409,133,000	47,275,662,000	32,200	24,711,904	32,205,637	9,600,097	13,335,657	17,264,772	21,056,943	23,837,256	2,572,174	4,730,406	6,733,600	8,265,576	0	3,187,341
Cash And Equivalents	0	1,288,550	1,182,974	1,614,265	1,033,905	929,630	1,015,565	1,022,239	651,456	839,547	512,873	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,294,148	2,103,439	1,727,503	2,017,025	1,402,732	1,311,998	1,444,974	1,443,542	950,656	1,137,081	846,151	1,106,219	667,189	632,555	560,324	550,899	514,706	446,509	555,162	599,820	543,443	513,460	583,983	533,502	519,292	603,666	763,705	781,391	802,739	800,581	833,347	869,014	921,613	918,488	888,902	874,790	870,437	83,028	69,174	64,785	49,492	62,439	55,349	52,382	60,035	52,409,133,000	47,275,662,000	32,200	24,711,904	32,205,637	9,600,097	13,335,657	17,264,772	21,056,943	23,837,256	2,572,174	4,730,406	6,733,600	8,265,576	0	3,187,341
Common Stock	1,104	1,096	1,087	1,075	1,065	1,051	1,036	1,022	1,010	998	986	972	881	765	709	699	892	886	876	4,342	864	4,284	4,255	4,219	4,198	4,170	4,130	4,051	4,003	3,964	3,878	3,836	3,797	3,773	3,745	3,721	3,714	3,103	297	142	138	136	127	125	123	104,922,000	101,593,000	91	88,890	88,157	87,121	85,716	85,650	85,650	85,650	85,358	85,043	82,670	82,321	82,207	81,900
Common Stock Shares Outstanding	109,949	109,073	107,895	106,918	105,985	105,854	105,043	105,053	108,097	106,109	102,031	92,666	81,369	73,566	70,304	86,506	88,913	87,588	86,719	86,109	85,539	84,872	84,239	83,660	83,201	82,556	81,335	80,062	79,175	78,291	76,579	78,480	80,527	80,387	74,568	74,392	25,572	72,222	11,592	11,592	11,592	11,592	11,592	11,592	11,909	10,300,351,000	9,954,190,000	12,236	12,236	12,236	12,236	8,560,714	8,562,777	8,561,654	8,558,261	8,350,219	8,297,515	8,236,216	8,223,810	8,191,906	8,190,000
Common Stock Total Equity	0	0	0	1,075	1,065	1,051	1,036	1,022	1,010	998	986	972	881	765	709	699	892	886	876	4,342	4,319	4,284	4,255	4,219	4,198	4,170	4,130	4,051	4,003	3,964	3,878	3,836	3,797	3,773	3,745	3,721	3,714	3,103	297	142	138	136	127	123	123	100	100	91,113	88,890	88,157	87,121	85,716	85,650	85,650	85,650	85,358	85,043	82,670	82,321	82,207	81,900
Current Deferred Revenue	0	50,932	53,820	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	536	2,922	8,544	15,023	22,141	29,133	36,760	45,932	56,117	64,997
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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	87	770	1,540	1,484	2,066	2,687	2,391	2,117	2,625	3,132	3,749	2,952	0	0	0	1,032	0	0	0	1,296	0	0	0	0	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
Good Will	75,717	75,717	75,717	75,717	75,717	75,717	75,717	75,717	75,717	75,717	75,717	75,717	0	0	0	0	0	0	0	0	0	0	0	35,633	35,633	35,633	35,633	35,633	35,633	35,633	37,283	72,683	72,683	72,683	72,683	72,683	72,592	72,592	72,679	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	12,135	13,151	14,167	105,630	101,988	17,512	18,690	19,886	91,551	22,521	23,861	25,220	67,774	12,180	12,932	13,703	14,549	15,396	16,242	17,108	18,048	18,988	19,929	20,888	21,923	22,957	23,992	25,049	26,211	27,373	28,534	29,715	30,971	32,227	33,483	34,758	36,302	37,690	39,077	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	0	0	0	1,093,583	0	0	0	0	0	0	0	10,243	0	14,465	0	19,017	16,611	17,899	18,679	19,991	17,842	13,597	248,344	235,825	265,925	36,331	9,409	9,048	14,744	16,410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	8,827,463	8,472,351	8,342,506	8,754,018	7,979,747	6,775,074	6,186,765	5,574,425	4,900,319	4,750,760	4,370,101	4,491,089	1,863,293	1,979,457	2,452,599	2,784,553	2,982,341	3,049,660	3,066,906	3,417,081	3,819,527	3,589,968	3,949,083	4,259,115	4,640,831	4,753,104	5,029,438	5,232,140	5,562,631	5,607,737	5,622,358	5,948,343	5,793,634	5,359,750	4,782,814	4,327,588	3,890,054	2,814,846	2,580,624	2,229,360	1,943,395	1,611,648	1,318,560	1,072,724	850,830	669,349,752,000	512,570,611,000	403,330	25,110,118	32,582,383	146,588,081	117,018,535	93,892,479	75,480,870	56,080,535	2,703,001	26,841,731	14,409,756	6,953,373	31,086,800	-200,257
Long Term Debt	19,354	28,835	42,512	52,980	130,283	113,629	152,652	204,641	610,338	841,411	517,905	18,572	636,774	708,597	785,928	886,840	1,081,466	1,240,958	1,517,951	1,703,226	1,905,875	2,152,316	2,377,080	2,655,417	2,954,768	3,515,578	3,805,582	4,034,357	4,320,895	4,419,911	4,415,885	4,728,562	4,571,583	4,095,481	3,660,124	3,249,346	2,813,618	2,600,859	2,386,111	2,120,227	1,839,990	1,522,975	1,242,668	1,000,059	785,316	605,416	35	364	291,556	226,335	184,915	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	28,835	42,512	52,980	130,283	210,103	15,300	15,388	15,455	15,563	15,650	18,572	636,774	708,597	785,928	886,840	1,081,466	1,240,958	1,517,951	1,703,226	1,905,875	2,152,316	2,377,080	2,655,417	2,954,768	3,515,578	3,805,582	4,034,357	4,320,895	4,419,911	4,415,885	4,728,562	0	4,095,481	3,660,124	3,249,346	2,813,618	2,600,859	2,386,111	2,120,227	1,839,990	1,522,975	1,242,668	1,000,059	785,316	605,416	35	364	291,556	226,335	184,915	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,663,153	795,669	523,579	44,647	345,702	359,157	402,994	390,317	263,530	274,930	277,505	441,042	900,814	1,076,450	1,594,251	1,883,671	2,072,597	2,194,208	2,168,516	2,447,873	2,893,741	2,758,554	2,873,936	2,883,757	3,168,150	3,679,818	3,833,330	4,036,164	4,321,032	4,426,370	4,424,171	4,716,156	297,461	4,068,974	3,637,383	3,230,661	2,798,505	2,533,671	2,326,202	2,109,818	1,829,042	1,516,676	1,237,468	995,983	781,215	603,169	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
Net Debt	-1,236,925	-1,213,188	-1,093,317	-1,520,366	-913,610	-750,848	-796,366	-747,216	-257,133	-317,142	117,532	21,785	464,146	655,190	1,221,558	1,529,088	1,578,094	1,665,072	1,627,628	1,920,714	2,248,057	2,109,634	1,942,901	2,531,254	2,897,272	3,131,197	3,267,138	3,499,906	3,805,293	3,898,279	3,842,087	4,143,848	3,947,181	3,515,512	3,168,993	2,374,556	1,943,181	2,517,831	2,316,937	2,055,442	1,790,498	1,460,536	1,187,319	947,677	-52,551	-52,409,133,000	-47,275,662,000	328,964	-23,923,917	-30,875,899	-7,635,071	-10,463,071	-13,155,299	-15,477,585	-16,774,028	5,934,933	5,185,480	4,551,735	3,234,412	9,647,804	6,927,242
Net Invested Capital	1,271,176	1,237,054	1,248,035	1,282,577	1,230,423	1,239,842	1,239,752	1,105,263	1,188,647	1,254,256	1,544,526	1,852,586	1,618,742	1,736,057	2,205,181	2,510,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,793	0	0	0	30,901	0	0	0	2,754,737	157,457	2,299,045	27,986	15,448	18,224	25,779	32,575	31,874	30,782	35,444	38,336	41,577	42,388	40,232	54,834	111,949	62,849	54,966	61,264	57,665	52,080	52,976	48,234	45,607	41,040	36,769	29,895	26,628	26,069	24,063	20,206	35,389	12,801	9,293	7,530	5,521	4,500	2,800	2,351	520	361	354,083	0	69,443	59,865	591,326	0	49,138	41,604	45,009	0	19,270
Net Tangible Assets	0	1,036,749	0	1,115,025	1,088,577	1,045,693	1,003,400	811,717	774,525	729,073	686,642	657,418	712,744	721,711	733,208	782,841	885,638	872,491	857,383	847,676	851,153	846,651	851,087	854,428	864,939	934,698	916,671	911,740	913,926	913,509	922,213	947,864	938,206	910,728	889,685	874,654	864,325	-146,042	-148,292	-34,433	-35,150	-41,357	-46,946	-49,765	-50,813	-50,975	-50,543	-48,469	-46,228	-43,443	-40,207	0	0	0	0	0	0	0	0	0	0
Net Working Capital	0	2,049,260	1,666,688	1,964,505	1,301,940	1,214,399	1,346,707	1,337,617	821,904	1,083,105	769,478	1,033,372	530,763	521,409	95,293	-51,876	-60,988	-57,755	242,942	334,560	99,873	219,684	586,765	559,437	556,748	621,034	766,806	796,763	805,941	800,930	834,770	869,751	921,434	915,914	885,131	871,141	864,209	80,020	66,036	62,365	62,616	58,361	49,976	48,893	56,862	51,640,320,000	46,155,981,000	31,063	23,959,239	30,947,361	9,320,580	13,075,439	16,895,144	20,426,611	23,188,158	2,127,343	4,323,754	6,003,169	7,370,895	30,260,238	2,385,333
Non Current Assets Total	0	1,144,627	866,332	807,742	762,072	205,674	724,782	706,999	637,836	567,600	571,883	569,471	388,953	385,101	429,241	485,438	501,573	483,899	467,395	448,736	310,895	303,675	289,367	301,321	287,330	388,968	393,399	410,375	448,616	434,840	410,718	461,142	457,045	490,525	543,024	138,736	135,945	133,968	131,176	14,989	12,595	8,407	5,039	2,971	785,274	1,056,846,000	658,298,000	525	398,214	376,746	327,660	214,991	129,822	161,563	126,582	130,827	132,451	141,394	158,729	139,993	149,454
Non Current Liabilities Other	0	0	0	291,442	420,281	510,055	556,693	680,938	871,054	1,045,578	983,607	1,275,854	352,335	391,773	774,024	936,593	740,407	509,107	324,426	497,132	715,156	305,336	0	280,915	312,123	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,918	457	548	0	0	0	453,110	360,800	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	204,286	94,582	110,607	115,239	140,801	5,648,861	237,631	292,821	402,213	498,899	617,397	771,109	889,043	984,524	1,084,674	1,211,359	1,248,108	1,369,229	1,650,890	2,071,548	2,187,860	2,175,177	2,398,014	2,955,478	3,285,040	3,532,642	3,822,067	4,050,373	4,335,089	4,431,065	4,426,425	4,741,060	4,582,195	4,105,035	3,666,211	3,254,449	2,817,086	2,603,380	2,387,710	2,121,061	1,840,643	1,522,975	1,242,668	1,000,059	785,316	617,029,875,000	459,834,254,000	361,164	293,510	227,904	186,515,197	154,101,339	127,851,671	106,396,018	84,148,304	0	50,291,323	35,453,672	25,074,603	0	12,979,410
Non Currrent Assets Other	-2,090,544	-171,766	-169,317	-170,976	-173,687	5,460,216	-724,782	-706,999	-637,836	-567,600	-571,883	-569,471	-388,953	-385,101	-429,241	-485,438	-501,573	-483,899	-467,395	-448,736	-310,895	-303,675	-289,367	-301,321	-287,330	-388,968	-393,399	-410,375	-448,616	-434,840	-410,718	-461,142	-457,045	-490,525	-543,024	-138,736	-135,945	-133,968	-131,176	-14,989	-12,595	-8,407	-5,039	-2,971	791,115	1,054,346	655,498	-525	297,146	230,517	188,135	0	0	0	0	0	0	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	696	1,090	1,780	2,453	3,204	4,171	5,262	6,563	7,732	0	0	0	0	0	0	0	0	0	0	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	8,827,463	5,224,285	5,748,671	5,929,251	5,814,943	6,775,074	4,017,009	3,423,884	3,311,827	3,046,079	2,952,067	2,787,413	791,703	943,577	1,437,255	1,715,641	1,934,188	2,088,470	2,008,905	2,330,189	2,923,612	2,730,445	3,035,501	3,369,458	3,722,260	3,697,621	3,817,368	3,979,110	4,253,611	4,320,236	4,325,317	4,569,953	4,369,369	3,909,697	3,314,119	3,284,167	2,857,044	2,571,781	2,356,211	2,129,380	1,845,919	1,528,001	1,248,879	1,009,841	749	615,883,773,000	464,636,651,000	368,254	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	-1,329,941	-1,350,257	-1,238,716	-1,684,339	-1,124,484	66,285	123,063	72,120	-651,456	2,888,622	2,952,067	2,787,413	848,050	943,577	1,437,255	-21,001	2,213,357	-16,611	-17,899	-18,679	-19,991	-17,842	-13,597	-27,822	-78,475	-26,724	-20,035	-25,620	-18,697	-12,144	-13,559	-9,998	4,666,830	-5,259	-4,803	-3,983	-3,023	-4,075	-3,035	-2,964	3,546	0	0	795,873	1,538	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,946,807	0
Other Current Liab	-58,541	-54,179	-60,815	-52,520	-100,792	5,123,506	-98,267	-105,925	-128,752	-53,976	-76,673	-100,833	-151,874	-129,370	-490,810	-635,350	-607,568	-535,046	-347,664	-303,596	-485,147	-336,164	-37,450	-28,899	-74,493	-45,481	-51,865	-45,892	-54,463	-51,731	-51,553	-47,497	-45,786	-43,614	-40,540	-33,544	-32,856	-29,077	-27,201	-22,626	-22,265	-16,879	-14,666	-11,019	10,044	0	0	-3,488	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liab	0	115,108	0	169,908	172,578	407,199	417,975	467,220	3,669,458	3,104,559	2,825,575	772,269	677,060	809,079	837,041	932,652	1,145,722	1,299,944	1,578,962	1,753,414	1,969,289	2,217,667	2,508,686	2,795,530	174,620	45,362	45,257	40,815	37,218	30,523	37,314	14,772	14,008	13,056	10,903	9,288	10,409	8,236	6,047	2,055	1,589	24,024	16,020	13,264	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,669,828	1,660,236	1,647,593	1,637,283	1,628,590	1,611,529	1,594,458	1,576,147	1,559,616	1,594,554	1,580,426	1,563,773	1,508,020	2,987,678	2,956,494	2,927,070	1,448,332	1,435,048	1,419,759	1,397,879	1,385,907	1,365,448	1,348,615	1,327,285	1,307,721	1,287,119	1,263,644	1,234,425	1,206,721	1,175,152	1,150,271	1,131,392	1,127,952	1,105,824	1,086,674	1,067,971	1,052,728	212,623	29,982	23,053	15,041	11,694	8,827	7,706	0	108,252,237,000	107,439,592,000	4,839	-46,317,140	-43,531,551	-40,293,754	4,025,914	-34,414,470	-31,631,130	-28,802,517	-26,349,024	-23,941,287	-21,857,017	-19,098,232	-16,455,072	-14,063,575
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	1	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	177,300	173,674	103,244	103,244	103,219	103,186	103,043	103,023	102,526	102,160	84,806	78,763	78,764	52,850	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	294,134	320,911	305,789	311,954	302,944	303,418	0	0	0	0	177,288	180,244	170,678	177,271	186,104	206,906	207,855	213,501	222,345	225,612	113,875	110,510	110,895	107,177	101,933	100,682	97,943	92,290	89,263	82,556	75,102	64,194	55,930	47,096	39,087	31,295	27,051	23,686	19,420	14,989	12,595	8,407	5,039	1,578	1,578	1,100	700	524,864	398,214	376,746	327,660	214,991	129,822	161,563	126,582	130,827	132,451	141,394	158,729	139,993	149,454
Property Plant And Equipment Net	188,128	213,278	207,044	201,376	200,345	199,893	191,632	186,385	175,312	175,935	177,288	180,244	170,678	177,271	186,104	206,906	207,855	213,501	222,345	225,612	113,875	110,510	110,895	107,177	101,933	100,682	97,943	92,290	89,263	82,556	75,102	64,194	55,930	47,096	39,087	31,295	27,051	23,686	19,420	14,989	12,595	8,407	5,039	2,971	0	1,056,846,000	658,298,000	525	398,214	376,746	327,660	214,991	129,822	161,563	126,582	130,827	132,451	141,394	158,729	139,993	149,454
Property Plant Equipment	0	159,768	207,044	144,041	136,473	40,381	119,976	54,021	97,996	96,073	94,676	95,313	96,641	101,045	106,697	116,043	114,370	117,242	119,553	118,157	113,875	110,510	110,895	107,177	101,933	100,682	97,943	92,290	89,263	82,556	75,102	64,194	55,930	47,096	39,087	31,295	27,051	23,686	19,420	14,989	12,595	8,407	5,039	2,971	1,578	1,057	658	525	398	377	328	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-388,806	-398,961	-403,969	-414,079	-427,745	-451,336	-494,534	-676,594	-717,430	-796,742	-823,927	-833,298	-786,214	-759,559	-725,234	-646,763	-548,472	-548,706	-548,323	-537,662	-517,727	-504,265	-481,461	-420,600	-389,419	-297,412	-290,882	-265,428	-234,187	-201,917	-165,431	-84,081	-88,218	-92,787	-93,737	-89,597	-83,223	-74,186	-66,815	-57,628	-50,329	-53,187	-55,900	-57,596	-57,637	-56,806,095,000	-55,924,509,000	-53,399	-50,775	-47,908	-44,561,329	-41,454,652	-38,505,982	-35,618,633	-32,679,744	0	-27,698,167	-25,573,457	-22,760,320	0	-17,442,440
Retained Earnings Total Equity	0	0	0	-414,079	-427,745	-451,336	-494,534	-676,594	-767,634	-796,742	-823,927	-833,298	-786,214	-759,559	-725,234	-646,763	-548,472	-548,706	-548,323	-537,662	-517,727	-504,265	-481,461	-420,600	-389,419	-297,412	-290,882	-265,428	-234,187	-201,917	-165,431	-84,081	0	-92,787	-93,737	-89,597	-83,223	-74,186	-66,815	-57,628	-50,329	-53,187	-55,900	-57,596	-57,637	-56,806	-55,925	-53,399	-50,775	-47,908	-44,561	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	1,392	2,619	4,803	7,983	13,188	27,780	46,110	264,262	460,177	104,989	120,159	480,079	621,020	587,453	509,107	324,426	0	57,012	0	349,232	354,915	344,223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	57,223	94,582	110,607	116,631	143,420	201,993	245,614	306,009	429,993	545,009	686,178	853,585	989,109	1,100,370	1,559,952	1,823,433	1,821,873	1,865,022	1,962,341	2,323,025	2,621,031	2,457,652	2,377,080	2,936,332	3,298,991	3,515,578	3,805,582	4,034,357	4,320,895	4,419,911	4,415,885	4,728,562	4,571,583	4,095,481	3,660,124	3,249,346	2,813,618	2,600,859	2,386,111	2,120,227	1,839,990	1,522,975	1,242,668	1,000,059	0	0	364,360	361,164	787,987	1,329,738	1,965,026	2,872,586	4,109,473	5,579,358	7,063,228	8,507,107	9,915,886	11,285,335	11,499,988	9,647,804	10,114,583
Short Term Debt	3,922	3,247	6,995	1,392	2,619	4,803	7,983	13,188	27,780	46,110	68,781	90,091	104,989	120,159	480,079	621,020	587,453	509,107	324,426	263,863	458,802	305,336	349,232	74,000	32,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,885	2,050	2,859	1,203	533	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	1,620,262	795,669	523,579	380,028	345,702	359,157	402,994	390,317	263,530	274,930	277,505	274,419	142,226	187,375	221,930	256,554	270,927	246,559	220,449	197,509	170,469	165,442	149,804	128,424	117,573	219,285	225,261	246,940	287,137	278,949	259,549	284,300	297,211	338,519	397,771	39,247	46,763	25,221	20,448	15,967	12,208	8,747	8,410	696	7,484	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
Total Assets	8,827,463	8,472,351	8,342,506	8,754,018	7,979,747	6,775,074	6,186,765	5,574,425	4,900,319	4,750,760	4,370,101	4,491,089	1,863,293	1,979,457	2,452,599	2,784,553	2,982,341	3,049,660	3,066,906	3,417,081	3,819,527	3,589,968	3,949,083	4,259,115	4,640,831	4,753,104	5,029,438	5,232,140	5,562,631	5,607,737	5,622,358	5,948,343	5,793,634	5,359,750	4,782,814	4,327,588	3,890,054	2,814,846	2,580,624	2,229,360	1,943,395	1,611,648	1,318,560	1,072,724	850,830	669,349,752,000	512,570,611,000	403,330	25,110,118	32,582,383	9,927,757	13,550,648	17,394,594	21,218,506	23,963,838	2,703,001	4,862,857	6,874,994	8,424,305	31,086,800	3,336,795
Total Current Assets	0	2,103,439	1,727,503	2,017,025	1,402,732	1,311,998	1,444,974	1,443,542	950,656	1,137,081	846,151	1,134,205	682,637	650,779	586,103	583,474	546,580	477,291	590,606	638,156	585,020	555,848	624,215	588,336	631,241	666,515	818,671	842,655	860,404	852,661	886,323	917,248	967,220	959,528	925,671	904,685	897,065	109,097	93,237	84,991	84,881	75,240	64,642	59,912	58,072	52,409,133,000	47,275,662,000	34,551	24,711,904	32,205,637	9,600,097	13,335,657	17,264,772	21,056,943	23,837,256	2,572,174	4,730,406	6,733,600	8,265,576	30,946,807	3,187,341
Total Current Liabilities	58,541	54,179	60,815	52,520	100,792	97,599	98,267	105,925	128,752	53,976	76,673	100,833	151,874	129,370	490,810	635,350	607,568	535,046	347,664	303,596	485,147	336,164	37,450	28,899	74,493	45,481	51,865	45,892	54,463	51,731	51,553	47,497	45,786	43,614	40,540	33,544	32,856	29,077	27,201	22,626	22,265	16,879	14,666	11,019	1,210	768,813,000	1,119,681,000	3,488	752,665	1,258,276	279,517	260,218	369,628	630,332	649,098	444,831	406,652	730,431	894,681	686,569	802,008
Total Liab	7,575,641	7,264,132	7,136,983	7,563,276	6,815,453	5,653,664	5,107,648	4,686,991	4,050,077	3,945,970	3,607,742	3,757,954	1,139,122	1,245,565	1,706,457	1,988,007	2,082,154	2,161,773	2,192,585	2,551,207	2,948,546	2,721,876	3,074,863	3,343,995	3,713,074	3,753,253	4,045,410	4,259,718	4,586,861	4,631,195	4,634,362	4,898,064	4,751,774	4,344,112	3,786,963	3,345,493	2,916,835	2,673,306	2,443,486	2,160,549	1,875,301	1,653,005	1,365,506	1,122,489	901,643	617,798,688,000	460,953,935,000	451,799	294,262,471	229,161,873	186,794,714	154,361,557	128,221,299	107,026,350	84,797,402	65,825,246	50,697,975	36,184,103	25,969,284	18,997,219	13,781,418
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	868,092	874,220	915,120	927,757	999,851	984,028	0	0	0	0	0	0	0	0	0	0	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	1,251,822	1,208,219	1,205,523	1,190,742	1,164,294	1,121,410	1,079,117	887,434	850,242	804,790	762,359	733,135	724,171	733,892	746,142	796,546	900,187	887,887	873,625	864,784	869,201	865,639	871,016	910,949	922,495	993,288	976,296	972,422	975,770	976,542	987,996	1,050,279	1,041,860	1,015,638	995,851	982,095	973,219	141,540	137,138	68,811	68,094	-41,357	-46,946	-49,765	-50,813	51,551,064,000	51,616,676,000	-48,469	-46,228,250	-43,443,394	-40,206,633	-37,343,022	-34,328,820	-31,545,480	-28,716,867	-26,263,666	-23,856,244	-21,774,347	-19,015,911	-16,372,865	-13,981,675
Treasury Stock	0	0	0	0	0	0	0	0	0	-92	-92	-92	0	0	0	0	-19,550	-19,538	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	-19,485	0	0	0	0	0	0	0	0	0	0	0	-12	-12	-13	-13	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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
Begin Period Cash Flow	1,124,484	763,586	628,485	487,122	644,058	644,289	693,412	704,264	869,780	49,299	52,551	31,200	13,336	2,600	12,000	5,605,179
Capital Expenditures	59,509	69,481	34,413	31,147	50,668	52,976	44,615	51,842	39,387	20,572	10,435	1,302	383	162,918	61,890	28,179
Cash And Cash Equivalents Changes	0	360,898	135,101	141,363	-156,936	-231	-113,883	-107,929	0	820,481	-3,252	0	17,909	0	0	0
Cash Flows Other Operating	0	98,819	-11,147	493,795	-389,261	-425,549	-140,984	-12,613	0	-1,681,682	-462,948	0	-3,343	0	0	0
Change In Cash	169,664	360,898	135,101	141,363	-156,936	-231	-49,123	-10,852	-246,249	820,481	-3,252	21,310	17,908	10,760	-9,430	6,393,362
Change In Working Capital	-32,852	-37,598	16,639	-99,325	-76,110	-61,669	82,039	24,019	13,303	33,143	-14,787	7,232	-278	-132,464	54,166	226,644
Change Receivables	0	0	0	-5,048	-16,298	-3,785	6,713	-2,039	0	-8,399	-10,694	0	0	0	0	0
Change To Account Receivables	54,894	-16,762	-9,733	-5,048	-16,298	-3,785	6,293	-2,218	-13,819	-8,287	-10,454	-3,170	-2,351	-44,812	18,638	-61,447
Change To Inventory	0	0	0	0	0	-220,107	-62,954	-825,713	-5,619,610	2,052,643	0	0	487,516	271,947	307,417	-46,634
Change To Liabilities	0	-20,836	26,372	-53,434	-5,359	-109,801	129,525	36,198	12,682	28,272	16,928	0	3,584	0	0	0
Change To Netincome	0	339,892	219,069	303,765	81,122	-154,579	-632,276	95,086	44,855	1,734,365	448,882	0	1,021	0	0	0
Change To Operating Activities	0	-37,598	16,639	-92,403	-53,422	-41,507	88,241	17,325	14,440	29,850	0	0	0	0	0	0
Depreciation	47,195	43,831	44,285	54,029	62,151	54,764	46,208	29,882	21,578	10,258	1,663	240	150	80	70	60,302
Dividends Paid	0	0	0	50,204	50,204	318	72	2,716,592	0	0	0	0	0	0	0	0
End Period Cash Flow	1,294,148	1,124,484	763,586	628,485	487,122	644,058	644,289	693,412	623,531	869,780	49,299	52,510	31,244	13,360	2,570	11,998,541
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-1,196,109	306,087	205,456	386,884	-321,312	-692,717	-618,003	-51,297	35,354	29,348	-9,296	-1,690	-11,469	-172,418	-70,020	-10,310,479
Investments	-1,046,888	-2,735,896	-930,142	869,475	92,047	64,258	336,077	28,000	-298,753	-298,753	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	2,411	5,233	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-40,881	-90,474	-500,076	70,170	283,574	264,662	352,459	2,095,557	-1,405	0	0	317,102	0	0	0
Net Income	38,939	289,685	18,580	-187,538	-30,690	-128,153	-154,045	-145,969	-4,995	-32,894	7,308	-4,200	-11,944	-11,300	-10,300	-12,069,842
Other Cashflows From Financing Activities	1,598,967	3,247,473	1,442,558	1,687,498	3,590,232	3,316,964	2,598,858	2,769,155	3,907,621	2,307,867	1,622,223	443,816	352,193	87,352	24,840	12,566,903
Other Cashflows From Investing Activities	0	-4,423	510,145	-272,557	612,389	867,454	642,351	-399,115	-2,367,313	-1,236,503	-1,110,180	0	-218,422	0	0	0
Other Non Cash Items	-1,150,386	156,783	66,241	620,144	-231,918	-564,982	-618,573	23,369	-6,367	2,263	465	1,550	326	-76,407	-206,200	1,653,563
Sale Purchase Of Stock	0	0	41,462	0	3,231	3,863	11,675	-19,485	16,764	896,625	371	19,000	32,113	24,400	30	17,300
Stock Based Compensation	52,389	66,362	66,759	61,533	73,639	75,087	70,983	69,244	51,222	37,150	6,490	0	660	210,591	154,134	73,677
Total Cash From Financing Activities	789,567	2,795,130	349,642	-842,439	-540,060	-239,226	-474,308	314,483	2,085,710	2,027,636	1,116,224	462,850	247,800	121,160	50,210	29,855,942
Total Cash From Operating Activities	-1,136,600	375,568	239,869	418,031	-270,644	-639,741	-573,388	545	74,741	49,920	1,139	-390	-11,086	-9,500	-8,130	-10,282,300
Total Cashflows From Investing Activities	0	-2,809,800	-454,410	565,771	653,768	878,736	933,813	-422,957	-2,406,700	-1,257,075	-1,120,615	0	-218,806	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
Begin Period Cash Flow	1,350,257	1,238,716	1,684,339	1,124,484	1,019,126	1,102,232	1,113,732	763,586	939,728	692,542	970,880	628,485	543,967	472,739	433,592	487,122	475,086	500,747	570,265	644,058	551,276	655,867	631,896	644,289	384,381	700,116	683,341	693,412	520,767	572,926	583,842	623,531	579,206	490,466	874,125	869,780	82,674	68,958	64,599	49,299	62,186	54,594	51,305	52,551	52,409,133	47,300	31,244,368,000	24,711,904	32,205,637	9,600,097	13,335,657	17,264,772	21,056,943	23,837,256	2,572,174	4,730,406	6,733,600	8,265,576	11,998,541	3,187,341	6,140,709
Capital Expenditures	11,270	15,984	15,857	16,398	14,822	17,301	15,783	21,575	9,978	9,451	8,619	6,365	6,564	5,000	8,148	11,435	11,691	11,358	11,681	15,938	15,095	12,508	11,766	13,607	12,864	12,032	11,811	7,908	12,798	12,139	16,422	10,483	13,509	9,918	9,709	6,240	5,583	5,609	4,375	5,005	2,699	3,781	2,388	1,567	663,753	472,819	192,236,000	99,139	62,033	82,599	139,730	106,660	12,412	54,015	14,655	17,786	9,412	29,638	5,054	6,235	2,203
Cash And Cash Equivalents Changes	0	0	0	559,855	105,358	-83,106	-11,500	350,146	-176,142	247,186	-278,338	342,395	84,518	71,228	39,147	-53,530	12,036	-25,661	-69,518	-73,793	92,782	-104,591	23,971	-12,393	17,338	-154,063	3,993	18,849	-5,165	-52,159	-10,916	-39,689	0	88,740	-383,659	4,345	787,106	13,716	4,359	15,300	-12,887	7,592	3,289	-1,246	7,636	5,133	16,031	6,532	-7,494	22,606	-3,736	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	42,122	-108,791	31,674	157,037	18,899	10,240	15,243	11,909	-48,539	373,349	321,984	65,101	-266,639	-279,466	-191,627	-140,939	222,771	-414,450	-7,603	-297,810	294,314	-400,758	78,766	185,906	-4,898	1,070	3,494	-15,691	-1,486	0	-956,689	-764,473	-625,010	-600,163	-464,182	-369,741	-247,596	-212,772	-248,924	-2,411	1,159	1,234	826	178	-2,380	-850	-41	-71	0	0	0	0	0	0	0	0	0	0
Change In Cash	-56,109	111,541	-445,623	559,855	105,358	-83,106	-11,500	350,146	-176,142	247,186	-278,338	342,395	84,518	71,228	39,147	-53,530	12,036	-25,661	-69,518	-73,793	92,782	-104,591	23,971	-12,393	17,338	-132,891	16,775	-10,071	-5,165	-52,159	-10,916	-39,689	44,325	88,740	-383,659	4,345	787,106	13,716	4,359	15,300	-12,887	7,592	3,289	-1,246	-52,356,582	5,200	16,031,294,000	6,532,464	-7,493,733	22,605,540	-3,735,560	-3,929,115	-3,792,171	-2,780,313	21,265,082	-2,158,232	-2,003,194	-1,531,976	-3,732,965	8,811,200	-2,953,368
Change In Working Capital	9,443	-6,609	-4,863	-30,823	-33,048	16,832	-11,651	-9,731	30,249	-21,960	28,973	-20,623	-17,386	7,665	20,649	-106,291	-64,246	67,170	-19,571	-94,715	-6,600	-83,623	12,813	16,532	71,545	-8,848	15,805	-13,889	3,959	14,946	14,135	-9,021	-107	13,551	2,408	-2,549	8,739	6,065	-1,022	19,361	-21,680	4,022	-502	3,373	1,062,208	-398,648	240,108,000	6,405,556	-6,988,122	21,626,781	-3,754,859	-3,819,705	-3,531,467	-2,761,547	21,060,815	-2,196,411	-1,679,415	-1,367,726	-22,889,343	27,874,905	1,236,704
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	230	2,619	-1,959	-5,938	-6,762	-2,490	-5,845	-1,201	-1,775	-2,716	-5,159	5,865	2,342	-1,133	778	4,726	561	-410	-921	-1,269	0	-3,942	-6,107	-2,372	-1,938	-1,136	-3,848	-1,477	-3,414	-3,508	-1,763	-2,009	-3,011	0	0	0	-159	-100	-151	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	0	0	0	230	230	2,619	-1,959	-5,938	-6,762	-2,490	-5,845	-1,201	-1,775	-2,705	-5,266	5,961	2,119	-1,194	713	4,655	502	-512	-1,181	-1,027	-1,537	-3,913	-6,054	-2,315	-1,914	-1,104	-3,816	-1,453	-3,174	-3,508	-1,763	-2,009	2,082,777	-1,736,145	-349,802	-1,929,178	-159,002	-100,369	-151,106	-28,325	-9,578	531,461	-538,370	-3,818	-7,534	3,405	26,585	-52,323	-15,802
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-382,484	-2,440,767	-32,289	-210,168	-295,823	-236,297	-345,624	-249,456	-198,503	-61,299	-641,586	-788,982	-826,594	-842,770	-825,087	-861,873	3,966,486	-5,635,480	-938,862	-919,264	-901,843	-888,094	2,524,931	2,302,569	-62,749	0	0	0	0	0	0	0	-22,156,969	-30,282,748	-10,252,084	-12,891,054	-16,759,795	-20,161,951	-23,707,332	-1,800,358	-4,365,108	-5,679,483	-7,219,221	-30,505,120	-2,226,450	0
Change To Liabilities	0	0	0	-45,414	-27,438	21,336	-4,560	-10,174	32,372	-19,646	23,979	-10,333	207	12,780	-16,345	-50,076	8,431	9,051	-3,741	-19,100	5,206	-75,808	7,595	-46,794	126,968	2,123	12,597	-12,163	11,968	13,736	18,903	-8,409	12,682	18,524	11,751	1,897	10,591	8,074	6,839	2,768	2,405	6,605	3,664	4,254	1,850	2,918	1,311	2,589	-121	1,041	76	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-354,579	-108,242	129,540	180,677	68,666	50,388	40,161	82,668	93,941	43,948	-3,944	42,167	69,593	98,672	93,333	116,766	-87,553	26,244	25,665	19,395	20,803	56,610	-251,387	-172,341	-221,209	-253,533	14,807	18,453	5,482	60,838	10,313	44,855	966,962	773,187	633,661	611,434	474,716	375,524	272,691	195,104	252,372	2,047	-641	-4	308	127	329	268	107	317	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-6,609	-6,609	-30,823	-33,048	16,832	-11,651	-9,731	30,249	-21,960	28,973	-20,623	-17,827	6,187	22,680	-94,066	-53,455	16,683	11,635	-28,285	106	-74,295	9,362	24,111	70,815	-1,795	2,430	-6,452	17,325	1,620	-3,847	0	14,440	0	0	0	29,850	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	11,953	11,250	11,638	12,354	11,554	10,681	10,557	11,039	-3,698	10,549	11,508	11,766	12,197	13,139	17,186	13,730	15,118	13,878	14,301	15,855	14,837	15,651	12,575	11,701	13,803	11,306	10,845	10,254	8,508	7,628	7,091	6,655	6,053	5,772	5,060	4,693	3,638	3,157	2,456	1,007	756	412	321	174	74,386	117	-42,956,000	-213,111	40,565	33,512	27,062	21,491	19,329	19,034	18,900	19,410	18,355	17,061	16,230	15,696	15,402
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	50,204	50,204	50,204	50,204	50,204	0	0	13	37	58	47	183	30	965	38	0	0	0	0	0	0	0	0	0	0	0	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	1,294,148	1,350,257	1,238,716	1,684,339	1,124,484	1,019,126	1,102,232	1,113,732	763,586	939,728	692,542	970,880	628,485	543,967	472,739	433,592	487,122	475,086	500,747	570,265	644,058	551,276	655,867	631,896	401,719	567,225	700,116	683,341	515,602	520,767	572,926	583,842	623,531	579,206	490,466	874,125	869,780	82,674	68,958	64,599	49,299	62,186	54,594	51,305	52,551	52,500	47,275,662,000	31,244,368	24,711,904	32,205,637	9,600,097	13,335,657	17,264,772	21,056,943	23,837,256	2,572,174	4,730,406	6,733,600	8,265,576	11,998,541	3,187,341
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
Free Cash Flow	-826,075	-360,914	-107,214	98,094	18,528	92,962	175,499	19,098	111,604	76,216	75,367	-57,731	46,510	414,324	153,932	-227,882	-157,604	-218,247	-131,743	150,325	-391,882	-62,181	-237,955	92	-442,850	-142,208	-25,345	-25,026	-4,507	-18,695	-27,553	-542	7,882	21,659	5,569	255	8,942	7,649	-2,332	15,089	-17,762	5,889	1,167	1,410	-511,375	1,600	-1,081,019,000	-1,717,157	-3,821,095	-2,379,765	-3,016,276	-2,712,681	-2,512,541	-1,951,076	-2,490,867	-1,837,288	-1,985,953	-2,134,105	-2,230,202	-1,894,789	-4,015,071
Investments	448,801	9,618	78,516	-313,345	-1,101,243	-693,907	-605,064	-335,682	-355,791	-170,072	-1,350	268,808	190,993	206,782	226,115	245,585	33,860	15,215	29,665	13,307	17,799	14,867	17,123	14,469	230,361	23,974	39,237	42,505	-3,886	-19,651	47,824	3,713	-298,753	58,969	-398,603	0	-298,753	0	0	0	0	0	77,538	41,226	9,947	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
Net Borrowings	0	-13,689	-13,689	-21,493	-17,485	-3,179	-5,485	-14,732	-18,477	-22,811	-223,310	-24,908	-17,297	-363,239	-145,826	26,286	69,318	172,356	44,459	-215,963	127,463	-74,303	237,178	-6,764	264,662	-211,361	-157,824	-158,341	352,459	23,608	-15,113	15,113	2,095,557	0	0	0	-49,401	-312	48,308	0	0	0	0	0	0	0	138,655	174,134	60,782	46,192	35,995	0	0	0	0	0	0	0	0	0	0
Net Income	10,155	5,008	10,110	13,666	23,591	43,198	182,060	40,836	29,108	27,185	9,371	-47,084	-26,655	-34,325	-78,471	-48,087	234	-392	-10,632	-19,900	-13,412	-22,749	-60,812	-31,180	-92,098	-6,659	-25,444	-29,844	-32,269	-36,486	-81,351	4,137	4,569	950	-4,140	-6,374	-9,037	-7,371	-9,187	-7,299	2,858	2,713	1,697	40	-4,238	-900	-2,525,808,000	-2,623,914	-2,867,100	-3,346,357	-3,106,678	-11,300,143	-2,887,349	-2,938,889	-2,525,235	-2,456,342	-2,124,711	-2,813,136	-2,860,947	-2,456,934	-2,552,564
Other Cashflows From Financing Activities	622,428	144,366	-383,257	820,750	1,267,749	594,164	548,855	836,705	315,324	620,488	164,342	342,404	190,952	125,378	119,491	1,251,677	1,260,716	1,002,816	776,721	588,347	1,118,050	777,972	892,804	530,120	1,251,355	394,892	475,033	497,860	686,386	639,552	525,722	920,011	1,051,045	1,098,711	914,837	845,722	1,473,969	535,663	610,412	515,503	506,265	435,477	366,118	312,832	52,551	10,492	96,047,069,000	80,389,911	60,218,057	71,446,904	35,994,503	28,725,768	23,401,793	24,138,144	44,882,931	16,349,876	15,831,960	10,855,886	7,148,759	17,341,188	5,416,692
Other Cashflows From Investing Activities	0	116,135	-225,643	-6,671	1,281	-1,681	-1,056	-2,967	-13,227	-985	-3,495	25,465	-69,249	-66,609	-45,944	-90,755	141,913	139,348	167,399	163,729	215,699	201,949	220,990	228,816	156,903	183,385	146,660	155,403	-65,379	-42,176	57,667	-349,227	-33,970	-606,543	-476,403	-472,460	-326,014	-246,052	-355,153	-309,284	-335,578	-176,395	-329,894	-268,313	-133,253	-156,351	-95,954	-72,202	-63,903	-46,544	-35,774	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-822,450	-371,048	-168,336	62,482	18,281	27,824	87,702	-43,291	48,485	53,083	16,424	-10,226	70,840	417,723	188,512	-93,928	-113,760	-305,640	-124,711	246,771	-389,330	21,277	-210,562	-1,155	-439,527	-142,081	-33,828	-3,137	5,283	-10,610	35,547	-6,851	-2,788	-2,175	-536	-868	-76	870	1,477	-8	-142	652	1,091	-1,136	0	500	1,504,301,000	-5,488,989	5,985,394	-20,637,854	3,716,268	12,559,378	3,770,525	3,674,065	-21,094,040	2,773,367	1,770,807	2,014,066	23,478,943	-27,342,544	-1,496,029
Sale Purchase Of Stock	0	0	0	0	0	0	0	0	0	0	0	41,462	0	0	0	0	105	1,704	2,006	-584	1,881	-80	2,932	-870	861	4,242	1,265	4,308	5,374	4,755	3,495	-19,485	0	0	1,828	866	830,611	-1,077	67,002	89	45	79	227	-16	-52,551	500	17,600	6,104	11	25,997	1	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	10,267	14,406	15,828	11,888	16,152	16,743	17,773	15,694	17,438	16,810	17,710	14,801	14,078	15,122	14,204	18,129	16,741	18,095	20,551	18,252	17,718	19,771	19,797	17,801	16,291	16,106	19,088	19,498	22,810	17,966	13,447	15,021	13,664	13,479	12,486	11,593	11,261	10,537	8,319	7,033	3,145	1,871	948	526	0	0	175,680,000	302,440	70,201	26,752	241,661	-67,042	104,009	110,276	63,348	40,474	38,423	45,268	29,969	20,323	20,323
Total Cash From Financing Activities	309,895	130,677	-432,782	781,777	1,186,792	519,520	419,121	669,697	81,272	342,027	-179,510	105,853	-83,736	-483,269	-294,956	19,522	-6,133	38,023	-134,839	-401,154	251,166	-259,226	23,813	-255,770	72,924	-219,214	-156,559	-154,033	68,607	28,363	-88,854	306,367	508,716	614,655	485,789	476,550	1,104,178	252,119	361,844	309,495	340,453	296,862	254,478	224,431	-272,497,659	159,900	113,066,159,000	80,451,200	60,230,100	71,529,748	35,054,365	28,727,278	23,401,793	24,138,144	44,890,829	16,358,321	15,836,351	10,865,319	7,151,830	17,350,023	5,416,692
Total Cash From Operating Activities	-814,805	-344,930	-91,357	114,492	33,350	110,263	191,282	40,673	121,582	85,667	83,986	-51,366	53,074	419,324	162,080	-216,447	-145,913	-206,889	-120,062	166,263	-376,787	-49,673	-226,189	13,699	-429,986	-130,176	-13,534	-17,118	8,291	-6,556	-11,131	9,941	21,391	31,577	15,278	6,495	14,525	13,258	2,043	20,094	-15,063	9,670	3,555	2,977	-1,175,128	2,100	-888,783,000	-1,618,018	-3,759,062	-2,297,166	-2,876,546	-2,606,021	-2,524,953	-1,897,061	-2,476,212	-1,819,502	-1,976,541	-2,104,467	-2,225,148	-1,888,554	-4,012,868
Total Cashflows From Investing Activities	0	67,896	-257,898	-336,414	-1,114,784	-712,889	-621,903	-360,224	-378,996	-180,508	-182,814	287,908	115,180	135,173	172,023	143,395	164,082	143,205	185,383	161,098	218,403	204,308	226,347	229,678	374,400	195,327	174,086	190,000	-82,063	-73,966	89,069	-355,997	-2,406,700	-557,492	-884,726	-478,700	-331,597	-251,661	-359,528	-314,289	-338,277	-298,940	-254,744	-228,654	-123,881	-156,824	-96,146	-72,301	-63,965	-46,627	-35,913	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
Cost Of Revenue	312,751	104,282	50,713	48,330	157,321	385,605	571,424	688,368	549,740	230,075	89,031	56,600	27,741	12,700	1,400	1,500
Depreciation And Amortization	47,195	43,831	44,285	54,030	62,151	54,764	46,208	29,882	21,578	10,258	1,663	240	150	80	70	60
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	303,418	153,037	18,444	-187,617	-30,946	-128,265	-153,203	-150,197	-2,162	-31,504	7,308	-4,200	-11,944	964,024	1,414,129	-11,912,382
Ebitda	350,613	196,868	62,729	-133,587	31,205	-73,501	-106,995	-120,315	19,416	-21,246	8,971	-3,960	-11,794	964,104	1,414,199	-11,912,322
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	956,774	1,062,262	751,703	256,525	574,579	595,436	487,649	426,052	368,608	173,802	80,024	28,600	10,698	6,500	900	-1,075,156
Income Before Tax	54,617	153,037	18,444	-187,617	-30,891	-128,110	-153,413	-150,197	-2,162	-31,504	7,308	-4,200	-11,944	-11,300	-10,300	-12,068,792
Income Tax Expense	15,678	-136,648	-136	-79	-201	43	632	-4,228	2,833	1,390	0	0	0	-16,770,666	-9,667,655	1,050
Interest Expense	5,236	82,515	80,001	150,366	247,304	385,605	571,424	688,368	549,740	356,615	187,447	0	32,030	975,324	1,424,429	1,501,621
Interest Income	832,630	557,340	292,832	209,694	345,345	487,462	611,259	696,662	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	55	155	-210	5,262	5,262	5,262	0	0	0	0	0	0
Net Income	38,939	289,685	18,580	-187,538	-30,745	-128,308	-153,835	-145,969	-4,995	-32,894	7,308	-4,200	-11,944	-11,300	-10,300	-11,913,432
Net Income Applicable To Common Shares	0	289,685	18,580	-187,538	-30,745	-128,308	-153,835	-145,969	-4,995	-32,894	7,308	0	-11,944	0	0	0
Net Income From Continuing Ops	38,939	289,685	18,580	-187,538	-30,690	-128,153	-154,045	-145,969	-4,995	-32,894	7,308	0	-11,944	0	0	0
Net Interest Income	561,838	474,825	212,831	68,191	98,758	101,857	39,835	8,294	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	35,633	164,141	37,050	61,335	37,326	0	0	0	0	0	0
Operating Income	303,418	153,037	18,444	-187,617	-30,946	-128,265	-153,203	-150,197	-2,162	-31,504	7,308	-4,200	-11,944	-11,300	-10,300	-11,912,382
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	1,209,672	1,086,127	802,628	605,003	872,416	723,701	1,330,000	1,342,000	982,000	599,000	90,694	89,500	10,309	30,500	12,500	10,993,636
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	47,195	43,831	44,285	54,029	59,152	54,764	46,208	0	0	0	0	0	0	0	0	0
Research Development	0	0	168,380	139,050	168,380	155,255	142,264	115,357	77,062	34,701	13,922	0	0	2,000	1,700	1,900
Selling And Marketing Expenses	93,840	197,747	156,142	51,518	235,337	268,517	229,865	216,670	171,526	85,652	37,431	20,857	12,571	11,855,890	6,138,798	2,351,262
Selling General Administrative	261,948	339,397	288,390	252,517	333,628	228,641	191,683	207,172	122,182	81,136	19,757	53,657	10,071	11,840,090	6,129,498	6,759,809
Tax Provision	15,678	-136,648	-136	-79	-201	43	632	-4,228	2,833	0	0	0	0	0	0	0
Total Operating Expenses	653,356	714,519	613,115	553,291	715,095	-723,701	1,330,000	1,342,000	982,000	599,000	90,694	32,900	-10,309	17,800	11,100	10,993,636
Total Other Income Expense Net	-248,801	-289,390	-212,373	-159,448	55	155	-210	-688,368	-549,740	-356,615	-187,447	0	-32,030	-17,745,990	-11,092,084	-156,410
Total Revenue	1,269,525	1,166,544	802,416	304,855	731,900	595,436	487,649	426,052	368,608	173,802	80,024	85,200	10,698	19,200	2,300	-1,075,156

	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
Cost Of Revenue	88,206	80,759	78,159	65,627	47,305	25,865	119,911	0	4,416	0	98,883	90,816	27,056	32,440	37,766	44,241	49,251	55,060	66,916	75,360	25,707	25,431	25,593	22,645	156,789	149,370	154,168	143,819	150,483	141,678	145,954	141,058	123,578	107,384	95,206	81,992	73,197	59,852	53,216	43,810	29,883	24,375	18,736	9,459	32,553	18,300	13,400	27,741	0	0	-1,174	0	0	0	0	0	0	0	0	0	0	-
Depreciation And Amortization	11,953	11,250	11,638	12,354	11,554	10,681	10,557	11,039	-3,698	10,549	11,508	11,766	12,197	13,139	17,186	13,730	15,118	13,878	14,301	15,855	14,837	15,651	12,575	11,701	13,803	11,306	10,845	10,254	8,508	7,628	7,091	6,655	6,053	5,772	5,060	4,693	3,638	3,157	2,456	1,007	756	412	321	174	74,386	0	100	-213,111	40,565	33,512	27,062	21,491	19,329	19,034	18,900	19,410	18,355	17,061	16,230	15,696	15,402	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	56,180	8,335	14,796	17,802	21,152	35,955	50,106	45,824	28,874	29,867	9,608	-49,905	-26,979	-34,399	-78,471	-47,768	374	-286	-11,099	-19,935	-13,444	-22,842	-60,837	-31,142	-91,296	-6,517	-25,506	-29,884	-32,493	-36,695	-85,297	4,288	5,153	2,183	-3,751	-5,747	-8,706	-6,952	-8,547	-7,299	2,858	2,628	1,782	40	-4,238	-900	-2,500	-2,623,914	-2,867,100	-3,346,357	-3,106,678	-10,324,819	-2,652,490	-2,684,154	-2,229,719	-2,126,515	-1,755,553	-2,424,478	-2,524,161	-2,123,241	-2,263,154	-
Ebitda	68,133	19,585	26,434	30,156	32,706	46,636	60,663	56,863	25,176	40,416	21,116	-38,139	-14,782	-21,260	-61,285	-34,038	15,492	13,592	3,202	-4,080	1,393	-7,191	-48,262	-19,441	-77,493	4,789	-14,661	-19,630	-23,985	-29,067	-78,206	10,943	11,206	7,955	1,309	-1,054	-5,068	-3,795	-6,091	-6,292	3,614	3,040	2,103	214	70,148	-881,587,000	-2,525,808,000	-2,837,025	-2,826,535	-3,312,845	-3,079,616	-10,303,328	-2,633,161	-2,665,120	-2,210,819	-2,107,105	-1,737,198	-2,407,417	-2,507,931	-2,107,545	-2,247,752	161
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	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	228,134	117,160	151,831	175,100	210,535	274,438	324,388	284,013	257,827	241,900	200,141	102,548	59,140	68,631	38,196	123,070	166,283	176,900	165,876	146,145	155,814	159,214	151,386	129,022	132,608	132,709	118,299	104,033	112,226	98,224	82,506	133,096	119,723	99,544	82,211	69,031	55,970	45,897	39,659	31,316	27,325	22,419	20,839	16,251	28,927	9,814,928,000	6,557,179,000	613	4,393,867	6,190,076	587	324,477	1,587,986	2,594,203	95,158	45,555	13,676	8,820	7,850	3,800	672,820	161
Income Before Tax	13,684	8,335	14,796	17,802	21,152	35,955	50,106	45,824	28,874	29,867	9,608	-49,905	-26,979	-34,399	-78,471	-47,768	374	-295	-11,070	-19,900	-13,394	-22,787	-60,788	-31,141	-91,387	-6,646	-25,496	-29,884	-32,493	-36,695	-85,297	4,288	5,153	2,183	-3,751	-5,747	-8,706	-6,952	-8,547	-7,299	2,858	2,628	1,782	40	-4,238	-881,587,000	-2,525,808,000	-2,623,914	-2,867,100	-3,346,357	-3,106,678	-11,300,143	-2,887,349	-2,938,889	-2,525,235	-2,456,342	-2,124,711	-2,813,136	-2,860,947	-2,455,884	-2,552,564	-
Income Tax Expense	3,529	3,327	4,686	4,136	-2,439	-7,243	-131,954	4,988	-234	2,682	237	-2,821	-324	-74	0	319	140	97	-438	35	18	-38	24	39	711	13	-52	-40	-224	-209	-3,946	151	584	1,233	389	627	331	419	640	0	0	-85	85	0	0	0	0	-11,944	0	5,892,204	-5,892,204	-16,770,666	234,859	254,735	295,516	-10,762,257	369,158	388,658	336,786	1,050	289,410	-
Interest Expense	589	70,407	67,834	55,709	38,756	19,544	12,242	11,973	14,523	17,572	21,822	26,084	27,056	33,479	41,623	45,213	49,251	55,060	66,916	75,360	83,222	90,642	100,898	110,843	122,796	139,681	150,340	158,607	164,645	169,444	177,596	176,683	162,074	144,659	129,727	113,280	103,561	94,460	85,594	73,000	62,720	51,370	41,032	32,325	56,642	82,828,000	13,448,250,000	32,030	8,076	6,224	1,250	975,324	234,859	254,735	295,516	329,827	369,158	388,658	336,786	332,643	289,410	-
Interest Income	208,319	207,412	214,486	202,413	173,999	143,220	128,468	111,653	97,655	82,860	67,727	44,590	32,950	46,773	60,560	69,411	74,791	77,820	92,562	100,172	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-9	29	35	50	55	49	1	-91	-129	10	7,732	-2,470	7,732	0	0	5,262	0	0	0	5,262	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	10,155	5,008	10,110	13,666	23,591	43,198	182,060	40,836	29,108	27,185	9,371	-47,084	-26,655	-34,325	-78,471	-48,087	234	-383	-10,661	-19,935	-13,462	-22,804	-60,861	-31,181	-92,007	-6,530	-25,454	-29,844	-32,269	-36,486	-81,351	4,137	4,569	950	-4,140	-6,374	-9,037	-7,371	-9,187	-7,299	2,858	2,713	1,697	40	-4,238	-881,587,000	-2,525,808,000	-2,623,914	-2,867,100	-3,346,357	-3,106,678	-11,300,143	-2,887,349	-2,938,889	-2,525,235	-2,456,342	-2,124,711	-2,813,136	-2,860,947	-2,456,934	-2,552,564	-
Net Income Applicable To Common Shares	0	5,008	10,110	13,666	23,591	43,198	182,060	40,836	29,108	27,185	9,371	-47,084	-26,655	-34,325	-78,471	-48,087	234	-383	-10,661	-19,935	-13,462	-22,804	-60,861	-31,181	-92,007	-6,530	-25,454	-29,844	-32,269	-36,486	-81,351	4,137	4,569	950	-4,140	-6,374	-9,037	-7,371	-9,187	-7,299	2,858	2,713	1,697	40	0	-882	-2,526	-2,624	-2,867	-3,346	-3,107	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	10,155	5,008	10,110	13,666	23,591	43,198	182,060	40,836	29,108	27,185	9,371	-47,084	-26,655	-34,325	-78,471	-48,087	234	-392	-10,632	-19,900	-13,412	-22,749	-60,812	-31,180	-92,098	-6,659	-25,444	-29,844	-32,269	-36,486	-81,351	4,137	-4,995	950	-4,140	-6,374	-9,037	-7,371	-9,187	-7,299	2,858	2,713	1,697	40	0	-882	-2,526	-2,624	-2,867	-3,346	-3,107	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	131,477	137,005	146,652	146,704	135,243	123,676	116,226	99,680	83,132	65,288	45,905	18,506	5,894	14,333	22,794	25,170	25,540	22,760	25,646	24,812	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33	0	35,600	36,145	164,919	18,846	-40,073	20,449	206,496	1,650	35,400	0	61,335	0	0	0	37,326	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	56,180	8,335	14,796	17,802	21,152	35,955	50,106	45,824	28,874	29,867	9,608	-49,905	-26,979	-34,399	-78,471	-47,768	374	-286	-11,099	-19,935	-13,444	-22,842	-60,837	-31,142	-91,296	-6,517	-25,506	-29,884	-32,493	-36,695	-85,297	4,288	5,153	2,183	-3,751	-5,747	-8,706	-6,952	-8,547	-7,299	2,858	2,628	1,782	40	-4,238	-881,587,000	-2,525,808,000	-2,623,914	-2,867,100	-9,238,561	2,785,526	6,445,847	-2,887,349	-2,938,889	-2,525,235	8,635,742	-2,124,711	-2,813,136	-2,860,947	-2,455,884	-2,552,564	161
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	-
Other Operating Expenses	302,067	303,389	307,637	296,579	293,081	284,761	274,282	238,189	793,914	79,115	133,990	110,361	59,063	109,112	122,340	314,000	280,000	292,000	305,000	304,000	304,000	318,000	365,000	322,000	390,000	309,000	318,000	314,000	328,000	321,000	366,000	325,000	292,000	259,000	230,000	200,000	180,000	158,000	142,000	119,000	90,694	1,129	7,634	25,428	32,831	3,947,090,000	3,172,819,000	2,624,527	7,260,967	15,428,637	5,892,204	17,745,990	4,475,335	4,523,022	3,630,463	3,193,725	2,675,471	2,658,793	2,564,095	2,177,253	2,425,379	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	11,953	11,250	11,638	12,354	11,554	10,681	10,557	11,039	10,462	10,549	11,508	11,766	12,197	12,348	16,611	12,873	15,118	13,878	14,301	15,855	14,837	15,651	12,575	11,701	13,803	11,306	10,845	10,254	8,508	7,628	7,091	6,655	6,053	5,772	5,060	4,693	3,638	3,157	2,456	1,007	756	412	321	174	74,386	0	100	-213,111	40,565	33,512	27,062	21,491	19,329	19,034	18,900	19,410	18,355	17,061	16,230	15,696	15,402	-
Research Development	0	0	0	0	0	0	0	0	168,380	31,984	77,877	38,710	29,189	31,984	39,167	38,710	41,080	41,455	43,299	42,546	39,552	41,216	37,650	36,837	37,926	32,860	35,718	35,760	32,522	29,428	29,209	24,198	23,887	21,063	18,214	13,898	11,714	9,235	8,030	5,722	4,782	3,849	3,043	2,089	3,994	1,400	1,000	0	663	667	520	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	23,465	19,555	23,940	26,880	35,139	46,031	61,497	55,080	50,708	50,782	35,107	19,545	13,347	2,135	1,814	39,081	67,222	76,255	69,323	66,623	68,353	73,601	69,046	57,517	60,130	59,570	55,582	54,583	55,457	44,901	49,737	66,575	51,364	44,018	39,501	34,470	26,470	21,001	19,225	20,582	12,460	10,460	11,824	10,341	20,857	6,672,230,000	5,684,522,000	4,932,457	4,589,830	12,005,154	3,857,839	11,855,890	3,058,648	3,076,359	2,298,366	2,108,074	1,586,098	1,356,543	1,088,083	848,890	600,953	-
Selling General Administrative	58,591	58,497	71,553	73,307	87,768	84,916	85,103	81,610	78,741	73,304	71,925	64,420	43,583	58,649	65,797	76,709	57,607	59,485	64,324	56,876	61,303	57,446	57,583	52,309	48,689	46,925	52,495	43,574	56,740	58,940	53,457	38,035	13,856	32,280	28,247	26,410	38,206	31,848	28,981	18,033	12,007	9,331	4,190	3,622	12,877	2,725,140,000	2,511,703,000	2,888,290	2,582,119	7,182,594	2,343,613	7,917,777	2,156,338	2,129,895	1,464,639	1,460,889	939,158	496,476	38,142	24,104	780,419	-
Tax Provision	3,529	3,327	4,686	4,136	-2,439	-7,243	-131,954	4,988	-234	2,682	237	-2,821	-324	-74	0	319	140	97	-438	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	171,954	158,151	162,883	160,368	184,264	176,157	-274,282	-238,189	789,498	79,115	35,107	19,545	-59,063	109,112	122,340	314,000	280,000	292,000	305,000	304,000	304,000	318,000	365,000	322,000	390,000	309,000	318,000	314,000	328,000	321,000	366,000	325,000	292,000	259,000	230,000	200,000	180,000	158,000	142,000	119,000	90,694	-1,129	-7,634	15,969	18,000	-3,947,090,000	-3,172,819,000	20,000	9,000	13,000	5,892,204	17,745,990	4,475,335	4,523,022	3,630,463	3,193,725	2,675,471	2,658,793	2,564,095	2,177,253	2,425,379	-
Total Other Income Expense Net	-42,496	-65,377	-67,908	-73,020	-64,517	-87,099	-12,242	-11,973	-14,523	-3,152	-14,878	-26,878	-27,056	-32,440	-37,766	-44,241	-49,251	-9	29	35	50	55	49	1	-91	-129	10	-158,607	-164,645	-169,444	-177,596	-176,683	-162,074	-144,659	-129,727	-113,280	-103,561	-94,460	-85,594	-73,000	-62,720	-51,370	-41,032	-31,301	0	0	0	-11,944	0	5,892,204	-5,892,204	-17,745,990	0	0	0	-11,092,084	0	0	0	0	0	-
Total Revenue	316,340	197,919	229,990	240,727	257,840	300,303	324,388	284,013	257,827	241,900	200,141	102,548	59,140	68,631	38,196	123,070	166,283	176,900	165,876	146,145	155,814	159,214	151,386	129,022	132,608	132,709	118,299	104,033	112,226	98,224	82,506	133,096	119,723	99,544	82,211	69,031	55,970	45,897	39,659	31,316	27,325	22,419	20,839	16,251	28,927	9,814,928,000	6,557,179,000	613	4,393,867	6,190,076	-587	324,477	1,587,986	2,594,203	95,158	45,555	13,676	8,820	7,850	3,800	672,820	161

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

Gross Profit (+$)
totalRevenue	1,269,525
Cost of Revenue	-312,751
Gross Profit	956,774	956,774

Operating Income (+$)
Gross Profit	956,774
Operating Expense	-653,356
Operating Income	303,418	303,418

Operating Expense (+$)
Research Development	0
Selling General Administrative	261,948
Selling And Marketing Expenses	93,840
Operating Expense	653,356	355,788

Net Interest Income (+$)
Interest Income	832,630
Interest Expense	-5,236
Other Finance Cost	-265,556
Net Interest Income	561,838

Pretax Income (+$)
Operating Income	303,418
Net Interest Income	561,838
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	54,617	552,219 EBIT - interestExpense = 298,182 54,617 44,175
Interest Expense	5,236
Earnings Before Interest and Taxes (EBIT)	303,418	59,853
Earnings Before Interest and Taxes (EBITDA)	350,613

After tax Income (+$)
Income Before Tax	54,617
Tax Provision	-15,678
Net Income From Continuing Ops	38,939	38,939
Net Income	38,939
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,209,672
Total Other Income/Expenses Net	-248,801	-561,838

Technical Analysis of Lendingclub
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 Lendingclub. The general trend of Lendingclub is BULLISH with 14.3% 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 Lendingclub'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 (14.3%)		Bearish trend (-14.3%)
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 LendingClub Corp.

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

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

The bullish price targets are: 7.615 < 7.63 < 9.01.

The bearish price targets are: 7.13 > 6.56 > 6.1013.

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LendingClub Corp 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 LendingClub Corp. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

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

LendingClub Corp 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 LendingClub Corp. The current macd is -0.1431154.

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

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

LendingClub Corp 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 LendingClub Corp. The current adx is 20.00.

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

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

LendingClub Corp 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 LendingClub Corp. The current sar is 8.30833541.

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

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

LendingClub Corp 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 LendingClub Corp. The current rsi is 43.04. The current phase is Correction in bull market.

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

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

LendingClub Corp 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 LendingClub Corp. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

LendingClub Corp 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 LendingClub Corp. The current cci is -111.3621251.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

LendingClub Corp 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 LendingClub Corp. The current cmo is -16.63759731.

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

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

LendingClub Corp 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 LendingClub Corp. The current willr is -74.95356859.

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 Lendingclub is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

LendingClub Corp 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 LendingClub Corp.

LendingClub Corp 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 LendingClub Corp. The current atr is 0.31504242.

LendingClub Corp 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 LendingClub Corp. The current obv is -39,085,336.

LendingClub Corp 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 LendingClub Corp. The current mfi is 30.50.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

LendingClub Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for LendingClub Corp.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

LendingClub Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of LendingClub Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.042
Ma 20	Greater than	Ma 50	8.335
Ma 50	Greater than	Ma 100	8.252
Ma 100	Greater than	Ma 200	8.164
Open	Greater than	Close	7.590
Total			3/5 (60.0%)

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LendingClub Corp Buy, Hold or Sell?

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Quick analysis of Lendingclub (30 sec.)

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

$7.90

$11.34

$-253.11 - $-138.62

$-241.77 - $-127.29

2. Growth of Lendingclub (5 min.)

Is Lendingclub growing?

How much money is Lendingclub making?

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

3. Financial Health of Lendingclub (5 min.)

4. Comparing to competitors in the Credit Services industry (5 min.)

Industry Rankings (Credit Services)

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

What can you expect buying and holding a share of Lendingclub?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Lendingclub

About LendingClub Corp

Financial Health

Valuation

1.1. Profitability of LendingClub Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Credit Services)

1.1.2. Return on Assets

Trends

Compared to industry (Credit Services)

1.1.3. Return on Equity

Trends

Compared to industry (Credit Services)

1.2. Operating Efficiency of LendingClub Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Credit Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Credit Services)

1.3. Liquidity of LendingClub Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Credit Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Credit Services)

1.4. Solvency of LendingClub Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Credit Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Credit Services)

2. Market Valuation of LendingClub Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Credit Services)

LendingClub Corp
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