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

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

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

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Quick analysis of Ormat (30 sec.)

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

How much money do you get?

$0.47

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$40.52

Expected worth in 1 year

$47.40

How sure are you?

97.5%

+ What do you gain per year?

Total Gains per Share

$7.35

Return On Investment

11.4%

For what price can you sell your share?

Current Price per Share

$64.57

Expected price per share

$58.80 - $69.81

How sure are you?

50%

1. Valuation of Ormat (5 min.)

Live pricePrice per Share (EOD)

$64.57

Book Value per Share

$40.52

Intrinsic Value Per Share

$-36.97 - $17.74

Total Value Per Share

$3.55 - $58.26

My calculation of the intrinsic value of Ormat 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: ($-0.36) 3Y: ($-1.04) TTM: ($-1.28)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.01) 3Y: ($0.04) TTM: ($0.21)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-4.10	$-0.98	$-4.31 - $-0.73
2	$-8.11	$-1.24	$-4.48 - $-0.01
3	$-12.05	$-0.84	$-4.64 - $0.71
4	$-15.89	$0.20	$-4.81 - $1.43
5	$-19.64	$1.83	$-4.97 - $2.14
6	$-23.30	$4.03	$-5.14 - $2.86
7	$-26.86	$6.74	$-5.30 - $3.58
8	$-30.33	$9.96	$-5.47 - $4.29
9	$-33.70	$13.63	$-5.63 - $5.01
10	$-36.97	$17.74	$-5.80 - $5.73

2. Growth of Ormat (5 min.)

Is Ormat growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.4b	$2b	$396.5m	16.5%

How much money is Ormat making?

	Current year	Previous year	Grow	Grow %
Making money	$31m	$17.7m	$13.3m	42.9%
Net Profit Margin	15.0%	9.7%	-	-

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

Quarterly Yearly

3. Financial Health of Ormat (5 min.)

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

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

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

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

Speculation

The Price per Share of Ormat is $64.57. 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 Ormat.
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 Ormat, 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 $40.52. Based on the TTM, the Book Value Change Per Share is $1.72 per quarter. Based on the YOY, the Book Value Change Per Share is $0.09 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 $0.12 per quarter.

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

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	0.59	0.9%	0.51	0.8%	0.27	0.4%	0.35	0.5%	0.38	0.6%
Usd Book Value Change Per Share	0.65	1.0%	1.72	2.7%	0.09	0.1%	0.83	1.3%	0.70	1.1%
Usd Dividend Per Share	0.12	0.2%	0.12	0.2%	0.11	0.2%	0.11	0.2%	0.09	0.1%
Usd Total Gains Per Share	0.77	1.2%	1.84	2.8%	0.21	0.3%	0.93	1.4%	0.80	1.2%
Usd Price Per Share	75.79	-	77.74	-	83.22	-	74.28	-	59.70	-
Price to Earnings Ratio	32.09	-	39.11	-	79.04	-	59.32	-	-10.60	-
Price-to-Total Gains Ratio	98.79	-	184.15	-	116.20	-	167.65	-	139.77	-
Price to Book Ratio	1.87	-	1.96	-	2.50	-	2.39	-	2.41	-
Price-to-Total Gains Ratio	98.79	-	184.15	-	116.20	-	167.65	-	139.77	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	64.57
Number of shares	15

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.12	0.11
Usd Book Value Change Per Share	1.72	0.83
Usd Total Gains Per Share	1.84	0.93
Gains per Quarter (15 shares)	27.55	14.01
Gains per Year (15 shares)	110.20	56.06

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	7	103	100	6	50	46
2	14	206	210	13	99	102
3	21	309	320	19	149	158
4	28	413	430	25	199	214
5	35	516	540	32	249	270
6	42	619	650	38	298	326
7	49	722	760	44	348	382
8	56	825	870	51	398	438
9	63	928	980	57	448	494
10	70	1032	1090	63	497	550

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%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	1.0	0.0	97.5%	74.0	8.0	0.0	90.2%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	72.0	10.0	0.0	87.8%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	80.0	0.0	2.0	97.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	74.0	8.0	0.0	90.2%

Fundamentals of Ormat

About Ormat Technologies Inc

https://www.ormat.com
1576
6140 Plumas Street, Reno, NV, United States, 89519-6075
Google Maps Bing Maps

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

Fundamental data was last updated by Penke on 2024-04-04 21:41:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge 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 efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Ormat Technologies Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Ormat to the Utilities - Renewable industry mean.
A Net Profit Margin of 14.8% means that $0.15 for each $1 in revenue is generated as profit.

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

The MRQ is 14.8%. The company is making a huge profit. +2
The TTM is 15.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	14.8%	TTM	15.0%	-0.2%
TTM	15.0%	YOY	9.7%	+5.3%
TTM	15.0%	5Y	11.6%	+3.4%
5Y	11.6%	10Y	13.3%	-1.7%

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

Revenue is the amount of profit Ormat 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 Ormat 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 Ormat to the Utilities - Renewable industry mean.
Can be used to compare companies within the Utilities - Renewable industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Ormat. If profit margins remain low (compared to the Utilities - Renewable 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 Ormat is 0.15. This means that Ormat earned $0.15 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 Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat with other companies in the same industry (Utilities - Renewable).
Net profit margin should rise over the years.
Can be influenced when Ormat sells assets (profit will increase while costs remain the same).
It won’t show what part of Ormat 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 Ormat

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 Ormat = 35,726
Total revenue MRQ Ormat = 241,340
$35,726 / $241,340 = 0.15 or 14.8%

Higher is better

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

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

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

1.1.2. Return on Assets

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

Above 5% is considered healthy but always compare Ormat to the Utilities - Renewable industry mean.
0.7% Return on Assets means that Ormat generated $0.01 profit for each $1 in assets.

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

The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.7%	TTM	0.6%	+0.1%
TTM	0.6%	YOY	0.4%	+0.2%
TTM	0.6%	5Y	0.5%	+0.1%
5Y	0.5%	10Y	0.8%	-0.2%

Shows how efficient Ormat 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 Ormat to the Utilities - Renewable 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 Ormat is using its resources to generate profit. If the return on assets (0.7%) from Ormat are higher than the Utilities - Renewable mean () that means Ormat 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 Ormat is 0.7%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

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

Income statement
Balance sheet

Net income MRQ (income statement) from Ormat = 35,726
Total assets MRQ (balance sheet) from Ormat = 5,208,279
35,726 / 5,208,279 = 0.01 or 0.7%

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

Above 15%-20% is considered healthy but always compare Ormat to the Utilities - Renewable industry mean.
1.5% Return on Equity means Ormat generated $0.02 for each $1 the owners (shareholders) invested.

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

The MRQ is 1.5%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.4%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.5%	TTM	1.4%	+0.2%
TTM	1.4%	YOY	1.0%	+0.4%
TTM	1.4%	5Y	1.2%	+0.1%
5Y	1.2%	10Y	1.8%	-0.6%

Shows how efficient Ormat 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 Ormat to the Utilities - Renewable 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 Utilities - Renewable 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 Ormat is 1.5%. This means Ormat generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat up to 10 years back (depending if Ormat 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 Ormat

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Ormat = 35,726
Shareholders equity (balance sheet) MRQ Ormat = 2,315,427
35,726 / 2,315,427 = 0.02 or 1.5%

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 Ormat Technologies Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Ormat is operating .

Measures how much profit Ormat 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 Ormat to the Utilities - Renewable industry mean.
An Operating Margin of 22.3% means the company generated $0.22 for each $1 in revenue (before taxes).

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

The MRQ is 22.3%. The company is operating efficient. +1
The TTM is 15.2%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	22.3%	TTM	15.2%	+7.2%
TTM	15.2%	YOY	14.4%	+0.8%
TTM	15.2%	5Y	17.4%	-2.2%
5Y	17.4%	10Y	18.1%	-0.8%

Measures how efficient Ormat 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 Ormat to the Utilities - Renewable 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 Ormat 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 Ormat is 22.3%. This means that Ormat earned $0.22 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Ormat = 53,859
Total revenue MRQ Ormat = 241,340
$53,859 / $241,340 = 0.22 or 22.3%

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 Ormat is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
An Operation Ratio of 0.78 means that the operating costs are $0.78 for each $1 in net sales.

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

The MRQ is 0.777. The company is efficient in keeping operating costs low. +1
The TTM is 0.793. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.777	TTM	0.793	-0.017
TTM	0.793	YOY	0.748	+0.045
TTM	0.793	5Y	0.751	+0.042
5Y	0.751	10Y	0.732	+0.020

Measures how efficient Ormat 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 Ormat to the Utilities - Renewable 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 Ormat is 77.7%. This means that Ormat earned $0.78 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 Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

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
(162,884 +24,597) \ 241,340 = 0.78

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 Ormat Technologies Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
A Current Ratio of 1.20 means the company has $1.20 in assets for each $1 in short-term debts.

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

The MRQ is 1.203. The company is just able to pay all its short-term debts.
The TTM is 1.506. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.203	TTM	1.506	-0.303
TTM	1.506	YOY	1.283	+0.222
TTM	1.506	5Y	1.589	-0.083
5Y	1.589	10Y	1.610	-0.021

Measures if Ormat 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 Utilities - Renewable 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 Ormat 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 Ormat is 1.20. This means Ormat has $1.20 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
646,003 \ 537,012) = 1.20

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

Above 1 is considered healthy but always compare Ormat to the Utilities - Renewable industry mean.
A Quick Ratio of 1.04 means the company can pay off $1.04 for each $1 in debt (using most liquid assets).

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

The MRQ is 1.042. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.107. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.042	TTM	1.107	-0.066
TTM	1.107	YOY	0.860	+0.247
TTM	1.107	5Y	1.231	-0.124
5Y	1.231	10Y	1.293	-0.062

1.4. Solvency of Ormat Technologies Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Ormat to Utilities - Renewable industry mean.
A Debt to Asset Ratio of 0.53 means that Ormat assets are financed with 52.9% credit (debt) and the remaining percentage (100% - 52.9%) is financed by its owners/shareholders.

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

The MRQ is 0.529. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.524. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.529	TTM	0.524	+0.005
TTM	0.524	YOY	0.555	-0.031
TTM	0.524	5Y	0.534	-0.010
5Y	0.534	10Y	0.541	-0.007

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Ormat to Utilities - Renewable 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 Ormat is 0.53. This means means that Ormat is financed with 52.9% 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 Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Ormat

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,756,693 \ 5,208,279 = 52.9% or 0.53.

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

Below 2 is considered healthy but always compare Ormat to the Utilities - Renewable industry mean.
A Debt to Equity ratio of 119.1% means that company has $1.19 debt for each $1 in shareholders equity.

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

The MRQ is 1.191. The company is able to pay all its debts with equity. +1
The TTM is 1.175. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.191	TTM	1.175	+0.015
TTM	1.175	YOY	1.355	-0.180
TTM	1.175	5Y	1.245	-0.070
5Y	1.245	10Y	1.286	-0.041

Measures if Ormat 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 Ormat 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 Ormat is 1.19. This means that Ormat can pay off $1.19 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,756,693 \ 2,315,427 = 1.19 or 119.1%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Ormat Technologies Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Ormat to the Utilities - Renewable industry mean.
A PE ratio of 32.09 means the investor is paying $32.09 for every $1 in earnings.

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

The EOD is 27.339. Based on the earnings, the company is overpriced. -1
The MRQ is 32.089. Based on the earnings, the company is overpriced. -1
The TTM is 39.109. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	27.339	MRQ	32.089	-4.751
MRQ	32.089	TTM	39.109	-7.020
TTM	39.109	YOY	79.040	-39.931
TTM	39.109	5Y	59.317	-20.208
5Y	59.317	10Y	-10.602	+69.918

Measures how much money you pay for each share for every $1 in earnings Ormat 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 Ormat to the Utilities - Renewable 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 Ormat is 32.09. This means the investor is paying $32.09 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Renewable industry is .
What is the trend?
The trend is important because it shows you how Ormat is performing over time. The most recent quarter might be important if Ormat 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 Ormat 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 Ormat

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 \ 60,505 = EPS
PE ratio MRQ = 32.09

* 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 Ormat Technologies Inc:

The EOD is -32.079. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -37.653. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -21.170. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-32.079	MRQ	-37.653	+5.574
MRQ	-37.653	TTM	-21.170	-16.483
TTM	-21.170	YOY	-18.837	-2.332
TTM	-21.170	5Y	-74.375	+53.206
5Y	-74.375	10Y	-66.510	-7.865

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
A PB ratio of 1.87 means the investor is paying $1.87 for each $1 in book value.

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

The EOD is 1.594. Based on the equity, the company is underpriced. +1
The MRQ is 1.870. Based on the equity, the company is underpriced. +1
The TTM is 1.956. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.594	MRQ	1.870	-0.277
MRQ	1.870	TTM	1.956	-0.085
TTM	1.956	YOY	2.497	-0.542
TTM	1.956	5Y	2.390	-0.434
5Y	2.390	10Y	2.411	-0.022

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Ormat Technologies Inc

Institutions are holding 100.598% of the shares of Ormat Technologies Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	15.5612	0.0182	9392571	465961	5.2199
2023-12-31	ORIX Corp	11.0606	100	6676077	0	0
2023-12-31	Vanguard Group Inc	8.8216	0.0088	5324628	39172	0.7411
2023-12-31	Impax Asset Management Group PLC	4.3708	0.7989	2638182	343650	14.9769
2023-12-31	Global Alpha Capital Management Ltd.	3.8335	14.2713	2313856	196517	9.2813
2023-12-31	Amundi	3.5887	0.0732	2166085	14348	0.6668
2023-12-31	State Street Corporation	3.336	0.0074	2013559	101966	5.3341
2023-12-31	Clal Insurance Enterprises Holdings Ltd	3.2753	1.961	1976919	-195200	-8.9866
2023-12-31	Dimensional Fund Advisors, Inc.	2.0814	0.0278	1256304	31450	2.5677
2023-12-31	Geode Capital Management, LLC	1.9394	0.0093	1170627	57916	5.2049
2023-12-31	Van Berkom and Associates Inc	1.9004	2.5288	1147048	111362	10.7525
2023-12-31	Migdal Insurance & Financial Holdings Ltd	1.7322	1.5959	1045526	-13000	-1.2281
2023-12-31	Wellington Management Company LLP	1.725	0.0147	1041169	35665	3.547
2023-12-31	Neuberger Berman Group LLC	1.7101	0.0683	1032219	-11497	-1.1015
2023-12-31	Goldman Sachs Group Inc	1.603	0.0066	967526	330610	51.9079
2023-12-31	Harel Insurance Invests & Fin Srvcs Ltd	1.4318	1.1515	864232	172934	25.0158
2023-12-31	Northern Trust Corp	1.3484	0.0112	813857	-26818	-3.1901
2023-12-31	Morgan Stanley - Brokerage Accounts	0.9719	0.0039	586615	141667	31.839
2023-12-31	Charles Schwab Investment Management Inc	0.9186	0.0107	554473	23816	4.488
2023-12-31	Bank of New York Mellon Corp	0.8934	0.0083	539242	-2715	-0.501
Total		72.1033	122.5758	43520715	+1817804	+4.2%

3.2. Funds holding Ormat Technologies Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Mid-Cap ETF	2.7091	0.1322	1635205	-4398	-0.2682
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.6552	0.0067	1602658	-5153	-0.3205
2024-02-29	Vanguard Small Cap Index	2.1905	0.0613	1322166	12123	0.9254
2024-02-29	iShares Russell 2000 ETF	2.1474	0.1354	1296133	-212	-0.0164
2024-02-29	iShares Global Clean Energy ETF USD Dist	2.0358	2.3155	1228770	0	0
2024-01-31	Impax Climate Strategy	1.8901	2.1822	1140864	-17555	-1.5154
2024-01-31	Impax Specialists Strategy Composite	1.692	1.8483	1021301	4210	0.4139
2023-12-31	Vanguard Explorer Inv	1.6872	0.361	1018399	15028	1.4978
2024-02-29	BNP Paribas Climate Impact Privl C	1.6471	2.1894	994193	180	0.0181
2024-02-29	iShares Global Clean Energy ETF	1.4679	2.3182	885985	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3067	0.0504	788716	597	0.0757
2024-02-29	Vanguard Small Cap Growth Index Inv	1.2305	0.1387	742730	11240	1.5366
2024-01-31	KBI Global Energy Transition A EUR	1.0075	2.6377	608141	35929	6.279
2024-01-31	KBI Glb Sust Infras D EUR Acc	0.9402	2.4711	567493	-8807	-1.5282
2023-12-31	Fidelity Small Cap Index	0.8798	0.1584	531024	6756	1.2887
2024-02-29	Impax Environmental Markets Ord	0.7696	1.8677	464536	14231	3.1603
2024-02-29	Guinness Sustainable Energy D USD Acc	0.727	3.1251	438830	-12338	-2.7347
2024-02-29	CC&L Global Alpha - Series A	0.7174	2.5618	432996	0	0
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7108	0.1329	429024	1614	0.3776
2024-02-29	Handelsbanken Hållbar Energi A1 SEK	0.6611	1.5404	399016	0	0
Total		29.0729	26.2344	17548180	+53445	+0.3%

3.3. Insider Transactions

Insiders are holding 0.228% of the shares of Ormat Technologies Inc.

Date	Owner	Type	Amount	Price
2024-03-28	Stanley Stern	SELL	1825	66.95
2023-11-17	Dafna Sharir	SELL	312	64.69
2023-09-07	Isaac Angel	SELL	429	75.57
2023-09-05	Isaac Angel	SELL	26144	75.5
2023-09-01	Doron Blachar	SELL	11315	75.58
2023-09-01	Isaac Angel	SELL	25144	75.6

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.648	1.719	-62%	0.094	+587%	0.829	-22%	0.704	-8%
Book Value Per Share	-	-	40.519	39.782	+2%	33.317	+22%	31.575	+28%	24.993	+62%
Current Ratio	-	-	1.203	1.506	-20%	1.283	-6%	1.589	-24%	1.610	-25%
Debt To Asset Ratio	-	-	0.529	0.524	+1%	0.555	-5%	0.534	-1%	0.541	-2%
Debt To Equity Ratio	-	-	1.191	1.175	+1%	1.355	-12%	1.245	-4%	1.286	-7%
Dividend Per Share	-	-	0.119	0.117	+2%	0.112	+6%	0.105	+13%	0.092	+29%
Eps	-	-	0.590	0.514	+15%	0.273	+117%	0.353	+67%	0.383	+54%
Free Cash Flow Per Share	-	-	-0.503	-1.276	+154%	-1.170	+133%	-0.704	+40%	-0.361	-28%
Free Cash Flow To Equity Per Share	-	-	1.773	0.320	+454%	-0.647	+136%	0.286	+519%	0.209	+748%
Gross Profit Margin	-	-	0.879	0.847	+4%	0.772	+14%	0.792	+11%	1.049	-16%
Intrinsic Value_10Y_max	-	-	17.737	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-36.970	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.978	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-4.098	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.839	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-12.046	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	1.832	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-19.639	-	-	-	-	-	-	-	-
Market Cap	3897374173.000	-18%	4585673950.000	4703990985.750	-3%	5022765863.500	-9%	4486038547.550	+2%	3604519891.350	+27%
Net Profit Margin	-	-	0.148	0.150	-1%	0.097	+52%	0.116	+28%	0.133	+11%
Operating Margin	-	-	0.223	0.152	+47%	0.144	+55%	0.174	+29%	0.181	+23%
Operating Ratio	-	-	0.777	0.793	-2%	0.748	+4%	0.751	+3%	0.732	+6%
Pb Ratio	1.594	-17%	1.870	1.956	-4%	2.497	-25%	2.390	-22%	2.411	-22%
Pe Ratio	27.339	-17%	32.089	39.109	-18%	79.040	-59%	59.317	-46%	-10.602	+133%
Price Per Share	64.570	-17%	75.790	77.735	-3%	83.215	-9%	74.283	+2%	59.698	+27%
Price To Free Cash Flow Ratio	-32.079	+15%	-37.653	-21.170	-44%	-18.837	-50%	-74.375	+98%	-66.510	+77%
Price To Total Gains Ratio	84.161	-17%	98.785	184.150	-46%	116.204	-15%	167.655	-41%	139.765	-29%
Quick Ratio	-	-	1.042	1.107	-6%	0.860	+21%	1.231	-15%	1.293	-19%
Return On Assets	-	-	0.007	0.006	+12%	0.004	+74%	0.005	+28%	0.008	-12%
Return On Equity	-	-	0.015	0.014	+12%	0.010	+61%	0.012	+24%	0.018	-15%
Total Gains Per Share	-	-	0.767	1.837	-58%	0.207	+271%	0.934	-18%	0.797	-4%
Usd Book Value	-	-	2451586000.000	2407501500.000	+2%	2010955250.000	+22%	1907112150.000	+29%	1509202275.000	+62%
Usd Book Value Change Per Share	-	-	0.648	1.719	-62%	0.094	+587%	0.829	-22%	0.704	-8%
Usd Book Value Per Share	-	-	40.519	39.782	+2%	33.317	+22%	31.575	+28%	24.993	+62%
Usd Dividend Per Share	-	-	0.119	0.117	+2%	0.112	+6%	0.105	+13%	0.092	+29%
Usd Eps	-	-	0.590	0.514	+15%	0.273	+117%	0.353	+67%	0.383	+54%
Usd Free Cash Flow	-	-	-30447000.000	-77245500.000	+154%	-70625500.000	+132%	-42558000.000	+40%	-21796850.000	-28%
Usd Free Cash Flow Per Share	-	-	-0.503	-1.276	+154%	-1.170	+133%	-0.704	+40%	-0.361	-28%
Usd Free Cash Flow To Equity Per Share	-	-	1.773	0.320	+454%	-0.647	+136%	0.286	+519%	0.209	+748%
Usd Market Cap	3897374173.000	-18%	4585673950.000	4703990985.750	-3%	5022765863.500	-9%	4486038547.550	+2%	3604519891.350	+27%
Usd Price Per Share	64.570	-17%	75.790	77.735	-3%	83.215	-9%	74.283	+2%	59.698	+27%
Usd Profit	-	-	35726000.000	31099750.000	+15%	17772000.000	+101%	21556500.000	+66%	23158375.000	+54%
Usd Revenue	-	-	241340000.000	207356000.000	+16%	183539750.000	+31%	183902650.000	+31%	172672275.000	+40%
Usd Total Gains Per Share	-	-	0.767	1.837	-58%	0.207	+271%	0.934	-18%	0.797	-4%
	EOD	+3 -5	MRQ	TTM	+23 -13	YOY	+30 -6	5Y	+26 -10	10Y	+19 -17

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	27.339
Price to Book Ratio (EOD)	Between	0-1	1.594
Net Profit Margin (MRQ)	Greater than	0	0.148
Operating Margin (MRQ)	Greater than	0	0.223
Quick Ratio (MRQ)	Greater than	1	1.042
Current Ratio (MRQ)	Greater than	1	1.203
Debt to Asset Ratio (MRQ)	Less than	1	0.529
Debt to Equity Ratio (MRQ)	Less than	1	1.191
Return on Equity (MRQ)	Greater than	0.15	0.015
Return on Assets (MRQ)	Greater than	0.05	0.007
Total			5/10 (50.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.991
Ma 20	Greater than	Ma 50	64.247
Ma 50	Greater than	Ma 100	65.009
Ma 100	Greater than	Ma 200	67.600
Open	Greater than	Close	64.420
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

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

Summary

Total Assets	5,208,279
Total Liabilities	2,756,693
Total Stockholder Equity	2,315,427

	As reported
Total Liabilities	2,756,693
Total Stockholder Equity	+ 2,315,427
Total Assets	= 5,208,279

Assets

Total Assets	5,208,279
Total Current Assets	646,003
Long-term Assets	4,562,276

Total Current Assets

Total Current Assets (as reported)	646,003
Cash And Cash Equivalents	287,770
Net Receivables	271,601
Inventory	45,037
Other Current Assets	41,595
Total Current Assets (calculated)	646,003
+/-	0

Long-term Assets

Long-term Assets (as reported)	4,562,276
Property Plant Equipment	3,841,483
Goodwill	90,544
Long Term Investments	125,439
Intangible Assets	307,609
Long-term Assets Other	44,631
Long-term Assets (calculated)	4,409,706
+/-	152,570

Liabilities & Shareholders' Equity

Total Current Liabilities	537,012
Long-term Liabilities	2,219,681
Total Stockholder Equity	2,315,427

Total Current Liabilities

Total Current Liabilities (as reported)	537,012
Short-term Debt	303,825
Short Long Term Debt	299,183
Accounts payable	140,694
Other Current Liabilities	73,055
Total Current Liabilities (calculated)	816,757
+/-	279,745

Long-term Liabilities

Long-term Liabilities (as reported)	2,219,681
Long term Debt	1,789,299
Capital Lease Obligations	26,670
Long-term Liabilities Other	22,107
Long-term Liabilities (calculated)	1,838,076
+/-	381,605

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,315,427
Common Stock	60
Retained Earnings	719,894
Accumulated Other Comprehensive Income	-1,332
Other Stockholders Equity	1,596,805
Total Stockholder Equity (calculated)	2,315,427
+/-	0

Other

Capital Stock	60
Cash and Short Term Investments	287,770
Common Stock Shares Outstanding	60,505
Current Deferred Revenue	19,438
Liabilities and Stockholders Equity	5,208,279
Net Debt	1,827,382
Net Invested Capital	4,403,909
Net Working Capital	108,991
Property Plant and Equipment Gross	5,726,467
Short Long Term Debt Total	2,115,152

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2002-12-31

> Total Assets

287,378
543,138
697,884
778,183
774,023
850,088
828,395
894,624
925,116
914,480
942,953
1,053,304
1,077,197
1,160,102
1,138,517
1,197,603
1,187,983
1,274,909
1,338,286
1,530,495
1,579,434
1,637,691
1,728,194
1,772,757
1,831,482
1,855,001
1,896,700
1,940,759
1,964,709
2,043,328
2,093,947
2,110,813
2,210,721
2,314,718
2,327,769
2,294,100
2,258,363
2,041,899
2,143,568
2,137,900
2,168,335
2,159,433
2,134,347
2,144,929
2,171,913
2,121,556
2,183,333
2,276,550
2,286,333
2,293,044
2,260,134
2,273,013
2,279,271
2,461,569
2,499,888
2,510,633
2,503,738
2,566,527
2,710,817
2,994,149
3,059,583
3,121,350
3,143,214
3,193,781
3,259,493
3,250,494
3,445,613
3,418,377
3,520,947
3,888,987
3,859,213
3,818,550
4,359,366
4,425,678
4,414,189
4,541,976
4,524,531
4,611,579
5,015,270
5,010,644
5,010,812
5,208,279

5,208,279

5,010,812

5,010,644

5,015,270

4,611,579

4,524,531

4,541,976

4,414,189

4,425,678

4,359,366

3,818,550

3,859,213

3,888,987

3,520,947

3,418,377

3,445,613

3,250,494

3,259,493

3,193,781

3,143,214

3,121,350

3,059,583

2,994,149

2,710,817

2,566,527

2,503,738

2,510,633

2,499,888

2,461,569

2,279,271

2,273,013

2,260,134

2,293,044

2,286,333

2,276,550

2,183,333

2,121,556

2,171,913

2,144,929

2,134,347

2,159,433

2,168,335

2,137,900

2,143,568

2,041,899

2,258,363

2,294,100

2,327,769

2,314,718

2,210,721

2,110,813

2,093,947

2,043,328

1,964,709

1,940,759

1,896,700

1,855,001

1,831,482

1,772,757

1,728,194

1,637,691

1,579,434

1,530,495

1,338,286

1,274,909

1,187,983

1,197,603

1,138,517

1,160,102

1,077,197

1,053,304

942,953

914,480

925,116

894,624

828,395

850,088

774,023

778,183

697,884

543,138

287,378

> Total Current Assets

0
0
120,171
109,371
114,107
173,322
144,981
194,215
196,287
162,962
122,865
203,079
195,766
242,592
196,623
228,831
167,677
168,828
147,929
263,286
197,971
165,679
197,906
195,220
209,337
195,255
193,166
189,301
218,771
204,654
230,980
215,425
248,672
292,185
275,473
275,463
266,522
276,838
299,813
268,485
299,099
289,340
292,613
306,823
327,381
273,874
307,060
369,425
370,732
375,136
379,565
380,236
309,372
472,830
428,749
387,236
332,245
321,646
322,130
395,634
421,774
473,064
421,621
412,351
432,310
415,664
584,286
517,069
532,591
779,154
724,935
587,989
635,439
601,932
507,989
585,608
474,975
456,717
810,987
685,981
515,657
646,003

646,003

515,657

685,981

810,987

456,717

474,975

585,608

507,989

601,932

635,439

587,989

724,935

779,154

532,591

517,069

584,286

415,664

432,310

412,351

421,621

473,064

421,774

395,634

322,130

321,646

332,245

387,236

428,749

472,830

309,372

380,236

379,565

375,136

370,732

369,425

307,060

273,874

327,381

306,823

292,613

289,340

299,099

268,485

299,813

276,838

266,522

275,463

275,473

292,185

248,672

215,425

230,980

204,654

218,771

189,301

193,166

195,255

209,337

195,220

197,906

165,679

197,971

263,286

147,929

168,828

167,677

228,831

196,623

242,592

195,766

203,079

122,865

162,962

196,287

194,215

144,981

173,322

114,107

109,371

120,171

Cash And Cash Equivalents

36,684
8,873
28,901
21,170
29,639
36,750
44,447
47,224
48,538
26,976
19,094
24,736
19,856
20,254
22,244
24,904
20,331
47,227
30,722
137,767
38,143
34,393
42,711
46,028
20,343
46,307
43,111
54,195
49,240
82,815
40,675
44,338
59,077
99,886
84,580
66,684
40,532
66,628
57,627
28,893
35,435
57,354
47,927
80,120
42,451
40,230
70,724
137,665
171,541
185,919
148,498
192,556
90,066
230,214
174,138
118,390
77,212
47,818
54,723
66,696
71,965
98,802
79,366
110,665
97,602
71,173
231,149
173,718
197,309
448,252
376,630
250,009
267,802
239,278
130,006
263,425
154,633
95,872
414,856
275,066
78,079
287,770

287,770

78,079

275,066

414,856

95,872

154,633

263,425

130,006

239,278

267,802

250,009

376,630

448,252

197,309

173,718

231,149

71,173

97,602

110,665

79,366

98,802

71,965

66,696

54,723

47,818

77,212

118,390

174,138

230,214

90,066

192,556

148,498

185,919

171,541

137,665

70,724

40,230

42,451

80,120

47,927

57,354

35,435

28,893

57,627

66,628

40,532

66,684

84,580

99,886

59,077

44,338

40,675

82,815

49,240

54,195

43,111

46,307

20,343

46,028

42,711

34,393

38,143

137,767

30,722

47,227

20,331

24,904

22,244

20,254

19,856

24,736

19,094

26,976

48,538

47,224

44,447

36,750

29,639

21,170

28,901

8,873

36,684

Short-term Investments

8,010
16,371
0
37,145
27,068
89,166
29,045
57,756
54,447
43,560
9,070
83,823
60,018
96,486
52,434
48,098
8,640
13,489
33,096
33,156
48,284
24,439
41,673
35,255
60,846
40,955
52,266
33,214
64,332
23,309
24,149
23,097
21,189
18,521
15,719
5,221
3,008
76,537
124,887
85,512
84,197
51,065
74,406
54,077
127,452
93,248
115,530
104,870
70,523
49,503
64,129
38,005
50,525
34,262
59,879
49,510
42,559
48,825
50,332
76,041
83,101
0
0
0
0
0
0
0
91,277
98,217
27,735
45,960
45,479
43,343
42,927
0
0
0
0
0
0
0

42,927

43,343

45,479

45,960

27,735

98,217

91,277

83,101

76,041

50,332

48,825

42,559

49,510

59,879

34,262

50,525

38,005

64,129

49,503

70,523

104,870

115,530

93,248

127,452

54,077

74,406

51,065

84,197

85,512

124,887

76,537

3,008

5,221

15,719

18,521

21,189

23,097

24,149

23,309

64,332

33,214

52,266

40,955

60,846

35,255

41,673

24,439

48,284

33,156

33,096

13,489

8,640

48,098

52,434

96,486

60,018

83,823

9,070

43,560

54,447

57,756

29,045

89,166

27,068

37,145

16,371

8,010

Net Receivables

25,127
31,357
33,894
41,609
41,835
34,306
40,401
38,353
43,835
45,551
41,757
43,634
56,004
53,835
56,190
64,095
62,706
59,773
63,443
67,799
81,906
73,898
69,223
72,509
76,850
62,170
60,889
58,393
70,074
69,389
77,870
81,027
64,162
65,202
60,651
60,920
90,978
74,609
64,637
96,946
122,185
128,455
113,197
113,694
100,649
88,331
73,458
79,248
76,718
88,306
115,008
88,651
116,868
150,487
136,446
159,616
152,062
165,183
154,732
176,365
184,814
199,104
187,951
182,607
200,833
214,938
218,947
217,355
198,969
191,701
171,100
163,406
176,984
150,780
148,833
156,131
155,277
177,638
197,744
205,371
228,473
271,601

271,601

228,473

205,371

197,744

177,638

155,277

156,131

148,833

150,780

176,984

163,406

171,100

191,701

198,969

217,355

218,947

214,938

200,833

182,607

187,951

199,104

184,814

176,365

154,732

165,183

152,062

159,616

136,446

150,487

116,868

88,651

115,008

88,306

76,718

79,248

73,458

88,331

100,649

113,694

113,197

128,455

122,185

96,946

64,637

74,609

90,978

60,920

60,651

65,202

64,162

81,027

77,870

69,389

70,074

58,393

60,889

62,170

76,850

72,509

69,223

73,898

81,906

67,799

63,443

59,773

62,706

64,095

56,190

53,835

56,004

43,634

41,757

45,551

43,835

38,353

40,401

34,306

41,835

41,609

33,894

31,357

25,127

Other Current Assets

1,853
2,091
53,091
39,136
1,784
7,054
24,567
3,457
44,226
41,651
46,753
45,769
54,008
1,459
1,067
82,063
65,540
38,027
40,580
668
5,333
19,225
12,849
14,622
23,955
14,640
3,112
12,633
771
39,912
3,531
52,555
86,345
96,035
97,323
124,519
7,704
34,144
30,151
35,839
36,724
29,654
33,728
38,156
36,879
34,884
29,566
31,055
34,011
33,334
35,135
44,334
38,940
45,867
40,482
41,151
41,727
40,269
42,274
39,836
44,452
51,441
18,224
9,225
12,116
12,667
11,456
10,948
9,696
15,354
22,613
20,220
29,320
35,920
153,335
133,839
135,260
160,375
45,474
47,328
56,073
41,595

41,595

56,073

47,328

45,474

160,375

135,260

133,839

153,335

35,920

29,320

20,220

22,613

15,354

9,696

10,948

11,456

12,667

12,116

9,225

18,224

51,441

44,452

39,836

42,274

40,269

41,727

41,151

40,482

45,867

38,940

44,334

35,135

33,334

34,011

31,055

29,566

34,884

36,879

38,156

33,728

29,654

36,724

35,839

30,151

34,144

7,704

124,519

97,323

96,035

86,345

52,555

3,531

39,912

771

12,633

3,112

14,640

23,955

14,622

12,849

19,225

5,333

668

40,580

38,027

65,540

82,063

1,067

1,459

54,008

45,769

46,753

41,651

44,226

3,457

24,567

7,054

1,784

39,136

53,091

2,091

1,853

> Long-term Assets

0
0
577,713
668,812
659,916
676,766
683,414
700,409
728,829
751,518
820,088
850,225
881,431
917,510
941,894
968,772
1,020,306
1,106,081
1,190,357
1,267,209
1,381,463
1,472,012
1,530,288
1,577,537
1,622,145
1,659,746
1,703,534
1,751,458
1,745,938
1,838,674
1,862,967
1,895,388
1,962,049
2,022,533
2,052,296
2,018,637
1,991,841
1,765,061
1,843,755
1,869,415
1,869,236
1,870,093
1,841,734
1,838,106
1,844,532
1,847,682
1,876,273
1,907,125
1,915,601
1,917,908
1,880,569
1,892,777
1,969,899
1,988,739
2,071,139
2,123,397
2,171,493
2,244,881
2,388,687
2,598,515
2,637,809
2,648,286
2,721,593
2,781,430
2,827,183
2,834,830
2,861,327
2,901,308
2,988,356
3,109,833
3,134,278
3,230,561
3,723,927
3,823,746
3,906,200
3,956,368
4,049,556
4,154,862
4,204,283
4,324,663
4,495,155
4,562,276

4,562,276

4,495,155

4,324,663

4,204,283

4,154,862

4,049,556

3,956,368

3,906,200

3,823,746

3,723,927

3,230,561

3,134,278

3,109,833

2,988,356

2,901,308

2,861,327

2,834,830

2,827,183

2,781,430

2,721,593

2,648,286

2,637,809

2,598,515

2,388,687

2,244,881

2,171,493

2,123,397

2,071,139

1,988,739

1,969,899

1,892,777

1,880,569

1,917,908

1,915,601

1,907,125

1,876,273

1,847,682

1,844,532

1,838,106

1,841,734

1,870,093

1,869,236

1,869,415

1,843,755

1,765,061

1,991,841

2,018,637

2,052,296

2,022,533

1,962,049

1,895,388

1,862,967

1,838,674

1,745,938

1,751,458

1,703,534

1,659,746

1,622,145

1,577,537

1,530,288

1,472,012

1,381,463

1,267,209

1,190,357

1,106,081

1,020,306

968,772

941,894

917,510

881,431

850,225

820,088

751,518

728,829

700,409

683,414

676,766

659,916

668,812

577,713

Property Plant Equipment

180,118
379,133
436,620
513,962
513,086
527,003
538,098
559,978
593,898
620,091
696,839
727,175
758,908
793,164
818,638
848,378
904,183
977,760
1,062,152
820,018
825,069
1,344,687
1,398,533
1,441,502
1,485,521
1,517,288
1,560,259
1,609,665
1,630,644
1,425,467
1,723,415
1,417,931
1,422,450
1,518,532
1,505,543
1,885,333
1,859,173
1,622,899
1,646,711
1,710,798
1,719,268
1,741,163
1,713,351
1,715,913
1,727,665
1,734,359
1,765,794
1,797,935
1,810,940
1,808,170
1,791,055
1,803,514
1,842,160
1,863,087
1,894,323
1,935,424
1,971,884
2,028,233
2,069,123
2,157,005
2,187,227
2,221,268
2,303,752
2,344,286
2,390,866
2,379,536
2,426,635
2,463,079
2,529,055
2,606,341
2,644,100
2,734,669
2,941,077
3,042,227
3,138,795
3,225,350
3,330,755
3,413,872
3,474,229
3,578,441
3,752,462
3,841,483

3,841,483

3,752,462

3,578,441

3,474,229

3,413,872

3,330,755

3,225,350

3,138,795

3,042,227

2,941,077

2,734,669

2,644,100

2,606,341

2,529,055

2,463,079

2,426,635

2,379,536

2,390,866

2,344,286

2,303,752

2,221,268

2,187,227

2,157,005

2,069,123

2,028,233

1,971,884

1,935,424

1,894,323

1,863,087

1,842,160

1,803,514

1,791,055

1,808,170

1,810,940

1,797,935

1,765,794

1,734,359

1,727,665

1,715,913

1,713,351

1,741,163

1,719,268

1,710,798

1,646,711

1,622,899

1,859,173

1,885,333

1,505,543

1,518,532

1,422,450

1,417,931

1,723,415

1,425,467

1,630,644

1,609,665

1,560,259

1,517,288

1,485,521

1,441,502

1,398,533

1,344,687

825,069

820,018

1,062,152

977,760

904,183

848,378

818,638

793,164

758,908

727,175

696,839

620,091

593,898

559,978

538,098

527,003

513,086

513,962

436,620

379,133

180,118

Goodwill

0
0
0
0
0
48,930
48,253
47,540
46,854
47,915
47,210
46,505
45,801
50,086
49,319
49,656
48,779
47,989
47,209
46,429
45,641
44,853
44,057
43,297
42,507
41,981
41,203
40,413
40,206
40,274
39,479
38,676
37,864
38,781
37,963
37,145
36,319
35,492
34,681
33,861
33,032
31,933
31,122
30,302
29,481
28,655
27,846
27,029
26,202
25,875
25,056
24,236
7,071
6,650
19,710
20,121
20,667
21,037
21,253
40,133
40,111
19,950
20,123
20,225
19,933
20,140
19,963
20,120
23,584
24,566
24,237
24,863
91,342
89,954
90,591
90,200
89,742
90,325
90,446
90,456
90,269
90,544

90,544

90,269

90,456

90,446

90,325

89,742

90,200

90,591

89,954

91,342

24,863

24,237

24,566

23,584

20,120

19,963

20,140

19,933

20,225

20,123

19,950

40,111

40,133

21,253

21,037

20,667

20,121

19,710

6,650

7,071

24,236

25,056

25,875

26,202

27,029

27,846

28,655

29,481

30,302

31,122

31,933

33,032

33,861

34,681

35,492

36,319

37,145

37,963

38,781

37,864

38,676

39,479

40,274

40,206

40,413

41,203

41,981

42,507

43,297

44,057

44,853

45,641

46,429

47,209

47,989

48,779

49,656

49,319

50,086

45,801

46,505

47,210

47,915

46,854

47,540

48,253

48,930

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,172
3,329
5,531
3,832
4,068
3,997
3,757
3,732
3,783
3,476
2,591
2,789
3,524
5,419
7,076
7,510
3,308
1,339
-3,617
0
0
0
0
0
0
0
0
0
0
0
34,084
63,109
66,551
67,739
71,983
71,885
71,047
73,714
81,140
76,008
84,414
91,277
98,217
104,519
103,890
109,725
105,886
112,522
114,699
117,182
115,693
119,185
126,451
128,218
125,439

125,439

128,218

126,451

119,185

115,693

117,182

114,699

112,522

105,886

109,725

103,890

104,519

98,217

91,277

84,414

76,008

81,140

73,714

71,047

71,885

71,983

67,739

66,551

63,109

34,084

-3,617

1,339

3,308

7,510

7,076

5,419

3,524

2,789

2,591

3,476

3,783

3,732

3,757

3,997

4,068

3,832

5,531

3,329

31,172

Intangible Assets

7,256
32,005
35,985
49,758
49,078
48,930
48,253
47,540
46,854
47,915
47,210
46,505
45,801
50,086
49,319
49,656
48,779
47,989
47,209
46,429
45,641
44,853
44,057
43,297
42,507
41,981
41,203
40,413
40,206
40,274
39,479
38,676
37,864
38,781
37,963
37,145
36,319
35,492
34,681
33,861
33,032
31,933
31,122
30,302
29,481
28,655
27,846
27,029
26,202
25,875
25,056
24,236
56,052
52,753
86,800
86,986
86,806
85,420
84,771
207,206
203,382
199,874
196,125
193,142
188,815
186,220
182,305
179,659
197,002
194,421
189,249
185,508
370,889
363,314
355,185
347,216
339,042
333,845
327,537
320,847
313,667
307,609

307,609

313,667

320,847

327,537

333,845

339,042

347,216

355,185

363,314

370,889

185,508

189,249

194,421

197,002

179,659

182,305

186,220

188,815

193,142

196,125

199,874

203,382

207,206

84,771

85,420

86,806

86,986

86,800

52,753

56,052

24,236

25,056

25,875

26,202

27,029

27,846

28,655

29,481

30,302

31,122

31,933

33,032

33,861

34,681

35,492

36,319

37,145

37,963

38,781

37,864

38,676

39,479

40,274

40,206

40,413

41,203

41,981

42,507

43,297

44,057

44,853

45,641

46,429

47,209

47,989

48,779

49,656

49,319

50,086

45,801

46,505

47,210

47,915

46,854

47,540

48,253

48,930

49,078

49,758

35,985

32,005

7,256

Long-term Assets Other

0
0
105,108
105,092
29,611
97,789
43,175
40,546
34,070
31,136
31,354
31,437
30,452
31,088
30,237
30,080
29,733
34,905
34,018
356,874
465,821
35,507
38,767
43,103
43,835
41,766
67,804
66,635
68,349
350,315
79,154
417,626
480,651
22,194
502,743
90,116
91,144
50,090
106,635
103,503
95,551
89,030
89,067
86,099
83,434
84,668
82,633
80,386
78,459
83,863
64,458
65,027
64,616
66,249
25,217
-5,402
-11,145
55,972
26,127
25,458
25,987
21,451
19,887
22,269
22,035
38,284
37,734
37,278
39,293
66,989
52,956
57,347
61,716
78,915
70,398
40,942
38,250
39,762
36,920
41,991
44,327
44,631

44,631

44,327

41,991

36,920

39,762

38,250

40,942

70,398

78,915

61,716

57,347

52,956

66,989

39,293

37,278

37,734

38,284

22,035

22,269

19,887

21,451

25,987

25,458

26,127

55,972

-11,145

-5,402

25,217

66,249

64,616

65,027

64,458

83,863

78,459

80,386

82,633

84,668

83,434

86,099

89,067

89,030

95,551

103,503

106,635

50,090

91,144

90,116

502,743

22,194

480,651

417,626

79,154

350,315

68,349

66,635

67,804

41,766

43,835

43,103

38,767

35,507

465,821

356,874

34,018

34,905

29,733

30,080

30,237

31,088

30,452

31,437

31,354

31,136

34,070

40,546

43,175

97,789

29,611

105,092

105,108

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
17,087
17,087
54,146
54,017
40,236
40,066
39,711
38,636
89,340
88,156
52,434
50,601
37,629
35,881
35,674
35,399
37,567
37,301
38,206
36,235
42,811
42,613
0
0
0
0
0
0
0
124,304
0
0
113,760
109,821
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

109,821

113,760

124,304

42,613

42,811

36,235

38,206

37,301

37,567

35,399

35,674

35,881

37,629

50,601

52,434

88,156

89,340

38,636

39,711

40,066

40,236

54,017

54,146

17,087

> Total Liabilities

257,009
504,050
653,544
714,882
708,681
682,110
657,115
721,027
738,458
732,157
748,712
716,252
732,403
719,244
705,689
687,997
664,881
591,444
615,043
586,489
622,529
674,018
862,227
890,632
926,522
943,306
987,336
1,033,680
1,025,894
1,098,101
1,153,911
1,163,096
1,262,616
1,408,074
1,411,732
1,369,889
1,335,209
1,340,338
1,437,049
1,414,185
1,431,365
1,414,322
1,368,653
1,374,329
1,388,369
1,334,810
1,364,161
1,282,737
1,228,376
1,209,170
1,161,801
1,155,578
1,143,329
1,291,562
1,303,387
1,283,034
1,246,293
1,283,815
1,325,932
1,575,352
1,629,887
1,676,254
1,680,219
1,702,140
1,754,705
1,735,084
1,911,962
1,861,566
1,949,144
1,947,550
1,909,334
1,858,695
2,387,010
2,417,888
2,389,932
2,553,686
2,523,822
2,581,014
2,668,880
2,593,594
2,595,832
2,756,693

2,756,693

2,595,832

2,593,594

2,668,880

2,581,014

2,523,822

2,553,686

2,389,932

2,417,888

2,387,010

1,858,695

1,909,334

1,947,550

1,949,144

1,861,566

1,911,962

1,735,084

1,754,705

1,702,140

1,680,219

1,676,254

1,629,887

1,575,352

1,325,932

1,283,815

1,246,293

1,283,034

1,303,387

1,291,562

1,143,329

1,155,578

1,161,801

1,209,170

1,228,376

1,282,737

1,364,161

1,334,810

1,388,369

1,374,329

1,368,653

1,414,322

1,431,365

1,414,185

1,437,049

1,340,338

1,335,209

1,369,889

1,411,732

1,408,074

1,262,616

1,163,096

1,153,911

1,098,101

1,025,894

1,033,680

987,336

943,306

926,522

890,632

862,227

674,018

622,529

586,489

615,043

591,444

664,881

687,997

705,689

719,244

732,403

716,252

748,712

732,157

738,458

721,027

657,115

682,110

708,681

714,882

653,544

504,050

257,009

> Total Current Liabilities

157,475
61,649
95,932
98,247
103,134
122,981
105,304
116,079
131,360
126,346
129,436
118,610
135,437
208,163
206,751
214,941
144,921
146,491
175,687
163,196
197,963
162,383
171,749
141,787
135,542
139,603
154,588
150,876
139,696
137,722
142,551
145,126
187,676
193,770
187,654
198,320
189,170
191,742
194,209
208,591
194,109
186,339
211,828
225,994
197,043
205,753
244,854
217,366
180,737
188,501
185,045
193,145
201,905
189,251
207,491
214,177
193,456
283,345
205,211
341,031
396,365
361,944
268,090
276,594
352,723
376,476
567,319
404,646
236,303
248,647
254,234
246,229
534,272
544,156
583,991
353,113
372,028
343,910
390,960
383,209
540,034
537,012

537,012

540,034

383,209

390,960

343,910

372,028

353,113

583,991

544,156

534,272

246,229

254,234

248,647

236,303

404,646

567,319

376,476

352,723

276,594

268,090

361,944

396,365

341,031

205,211

283,345

193,456

214,177

207,491

189,251

201,905

193,145

185,045

188,501

180,737

217,366

244,854

205,753

197,043

225,994

211,828

186,339

194,109

208,591

194,209

191,742

189,170

198,320

187,654

193,770

187,676

145,126

142,551

137,722

139,696

150,876

154,588

139,603

135,542

141,787

171,749

162,383

197,963

163,196

175,687

146,491

144,921

214,941

206,751

208,163

135,437

118,610

129,436

126,346

131,360

116,079

105,304

122,981

103,134

98,247

95,932

61,649

157,475

Short-term Debt

0
0
53,395
55,028
44,847
38,746
48,045
55,416
57,382
63,641
32,808
33,594
33,425
49,536
34,961
46,640
70,461
34,142
33,558
28,139
28,234
43,377
31,601
38,186
42,791
62,259
59,396
48,992
48,511
36,010
50,432
34,926
34,107
35,011
35,859
66,784
60,108
68,333
73,662
86,542
77,222
80,389
114,191
118,009
73,322
91,779
102,342
68,179
71,920
62,654
71,641
62,722
61,917
65,971
94,378
94,776
84,106
109,308
91,202
221,553
269,254
227,180
144,273
147,453
209,544
231,864
420,515
249,456
84,147
84,705
93,477
124,369
391,011
391,722
408,275
195,884
198,357
185,702
193,558
189,843
301,905
303,825

303,825

301,905

189,843

193,558

185,702

198,357

195,884

408,275

391,722

391,011

124,369

93,477

84,705

84,147

249,456

420,515

231,864

209,544

147,453

144,273

227,180

269,254

221,553

91,202

109,308

84,106

94,776

94,378

65,971

61,917

62,722

71,641

62,654

71,920

68,179

102,342

91,779

73,322

118,009

114,191

80,389

77,222

86,542

73,662

68,333

60,108

66,784

35,859

35,011

34,107

34,926

50,432

36,010

48,511

48,992

59,396

62,259

42,791

38,186

31,601

43,377

28,234

28,139

33,558

34,142

70,461

46,640

34,961

49,536

33,425

33,594

32,808

63,641

57,382

55,416

48,045

38,746

44,847

55,028

53,395

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71,479
0
0
0
62,654
71,641
62,722
61,917
65,971
94,378
937,646
50,206
57,808
52,702
62,953
59,754
68,180
133,594
133,992
200,100
226,053
414,372
243,289
77,973
78,614
87,371
118,252
374,255
386,376
403,407
191,629
194,206
181,774
189,625
185,462
297,311
299,183

299,183

297,311

185,462

189,625

181,774

194,206

191,629

403,407

386,376

374,255

118,252

87,371

78,614

77,973

243,289

414,372

226,053

200,100

133,992

133,594

68,180

59,754

62,953

52,702

57,808

50,206

937,646

94,378

65,971

61,917

62,722

71,641

62,654

71,479

Accounts payable

9,455
11,528
36,236
34,764
38,160
37,565
51,183
49,819
61,617
50,048
63,548
53,835
68,626
44,327
88,936
85,492
74,460
66,812
110,154
103,187
115,706
98,294
35,565
15,208
14,003
46,410
14,921
18,145
14,741
51,915
6,419
6,597
29,879
69,894
30,672
38,578
29,465
98,001
78,406
90,651
83,751
98,047
93,820
79,800
78,411
88,276
83,676
98,481
85,226
91,955
82,487
87,511
102,854
91,650
95,518
101,827
103,335
153,796
103,551
103,342
105,351
116,362
108,309
115,011
137,176
141,857
140,867
149,591
144,473
75,779
-6,106
108,408
127,432
75,164
164,752
144,522
159,637
77,551
172,751
-204,113
-272,930
140,694

140,694

-272,930

-204,113

172,751

77,551

159,637

144,522

164,752

75,164

127,432

108,408

-6,106

75,779

144,473

149,591

140,867

141,857

137,176

115,011

108,309

116,362

105,351

103,342

103,551

153,796

103,335

101,827

95,518

91,650

102,854

87,511

82,487

91,955

85,226

98,481

83,676

88,276

78,411

79,800

93,820

98,047

83,751

90,651

78,406

98,001

29,465

38,578

30,672

69,894

29,879

6,597

6,419

51,915

14,741

18,145

14,921

46,410

14,003

15,208

35,565

98,294

115,706

103,187

110,154

66,812

74,460

85,492

88,936

44,327

68,626

53,835

63,548

50,048

61,617

49,819

51,183

37,565

38,160

34,764

36,236

11,528

9,455

Other Current Liabilities

12,348
23,794
6,301
8,455
20,127
45,669
6,076
-59,869
-57,780
10,994
-47,817
-49,045
-46,168
112,481
82,250
5,269
-76,869
43,805
-43,552
-42,986
-20,751
17,709
30,245
14,584
5,494
27,317
7,681
11,546
4,771
46,894
15,376
33,593
54,207
83,965
52,802
25,272
32,546
57,498
20,392
20,428
20,428
36,268
97,637
107,985
123,721
974
975
975
975
48,058
57,516
109,174
136,919
42,765
340,700
205,895
58,461
88,330
408,634
389,115
350,523
56,845
10,679
13,461
9,444
72,305
6,143
6,167
6,174
76,984
154,177
108,408
127,432
68,022
164,752
144,522
159,637
71,872
172,751
378,828
500,440
73,055

73,055

500,440

378,828

172,751

71,872

159,637

144,522

164,752

68,022

127,432

108,408

154,177

76,984

6,174

6,167

6,143

72,305

9,444

13,461

10,679

56,845

350,523

389,115

408,634

88,330

58,461

205,895

340,700

42,765

136,919

109,174

57,516

48,058

975

974

123,721

107,985

97,637

36,268

20,428

20,392

57,498

32,546

25,272

52,802

83,965

54,207

33,593

15,376

46,894

4,771

11,546

7,681

27,317

5,494

14,584

30,245

17,709

-20,751

-42,986

-43,552

43,805

-76,869

5,269

82,250

112,481

-46,168

-49,045

-47,817

10,994

-57,780

-59,869

6,076

45,669

20,127

8,455

6,301

23,794

12,348

> Long-term Liabilities

0
0
557,612
616,635
605,547
559,129
551,811
604,948
607,098
605,811
619,276
597,642
596,966
511,081
498,938
473,056
519,960
444,953
439,356
423,293
424,566
511,635
690,478
748,845
790,980
803,703
832,748
882,804
886,198
960,379
1,011,360
1,017,970
1,074,940
1,214,304
1,224,078
1,171,569
1,146,039
1,148,596
1,242,840
1,205,594
1,237,256
1,227,983
1,156,825
1,148,335
1,191,326
1,129,057
1,119,307
1,065,371
1,047,639
1,020,669
976,756
962,433
941,424
1,102,311
1,095,896
1,068,857
1,052,837
1,000,470
1,120,721
1,234,321
1,233,522
1,314,310
1,412,129
1,425,546
1,401,982
1,358,608
1,344,643
1,456,920
1,712,841
1,698,903
1,655,100
1,612,466
1,852,738
1,873,732
1,805,941
2,200,573
2,151,794
2,237,104
2,277,920
2,210,385
2,055,798
2,219,681

2,219,681

2,055,798

2,210,385

2,277,920

2,237,104

2,151,794

2,200,573

1,805,941

1,873,732

1,852,738

1,612,466

1,655,100

1,698,903

1,712,841

1,456,920

1,344,643

1,358,608

1,401,982

1,425,546

1,412,129

1,314,310

1,233,522

1,234,321

1,120,721

1,000,470

1,052,837

1,068,857

1,095,896

1,102,311

941,424

962,433

976,756

1,020,669

1,047,639

1,065,371

1,119,307

1,129,057

1,191,326

1,148,335

1,156,825

1,227,983

1,237,256

1,205,594

1,242,840

1,148,596

1,146,039

1,171,569

1,224,078

1,214,304

1,074,940

1,017,970

1,011,360

960,379

886,198

882,804

832,748

803,703

790,980

748,845

690,478

511,635

424,566

423,293

439,356

444,953

519,960

473,056

498,938

511,081

596,966

597,642

619,276

605,811

607,098

604,948

551,811

559,129

605,547

616,635

557,612

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
458,400
482,472
542,351
580,807
680,952
745,446
969,456
978,174
930,405
910,340
962,595
998,932
964,282
997,872
997,468
925,002
917,958
966,923
909,631
898,797
852,735
879,790
857,811
827,771
545,667
470,693
0
260,539
586,450
822,372
0
46,506
391,047
430,321
41,579
1,123,650
1,116,425
1,030,936
1,023,140
1,007,189
1,106,933
1,054,433
1,002,462
1,346,800
1,303,434
555,298
1,284,360
1,228,000
1,630,994
1,594,552
1,621,464
421,376
421,957
1,548,093
0

1,548,093

421,957

421,376

1,621,464

1,594,552

1,630,994

1,228,000

1,284,360

555,298

1,303,434

1,346,800

1,002,462

1,054,433

1,106,933

1,007,189

1,023,140

1,030,936

1,116,425

1,123,650

41,579

430,321

391,047

46,506

822,372

586,450

260,539

470,693

545,667

827,771

857,811

879,790

852,735

898,797

909,631

966,923

917,958

925,002

997,468

997,872

964,282

998,932

962,595

910,340

930,405

978,174

969,456

745,446

680,952

580,807

542,351

482,472

458,400

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
17,087
17,087
54,146
54,017
40,236
40,066
39,711
38,636
89,340
88,156
52,434
50,601
37,629
35,881
35,674
35,399
37,567
37,301
38,206
36,235
42,811
42,613
0
0
0
0
0
0
0
124,304
0
0
113,760
109,821
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

109,821

113,760

124,304

42,613

42,811

36,235

38,206

37,301

37,567

35,399

35,674

35,881

37,629

50,601

52,434

88,156

89,340

38,636

39,711

40,066

40,236

54,017

54,146

17,087

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
4,972
4,772
5,195
5,898
0
0
0
0
0
8,603
8,705
8,820
8,741
0
9,402
9,806
8,743
9,830
9,706
9,871
9,542
9,329
9,408
8,996
8,433
9,590
9,361
10,008
0
0

10,008

9,361

9,590

8,433

8,996

9,408

9,329

9,542

9,871

9,706

9,830

8,743

9,806

9,402

8,741

8,820

8,705

8,603

5,898

5,195

4,772

4,972

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
304,836
307,084
315,886
329,621
238,011
231,767
121,228
118,184
113,723
109,890
105,730
133,094
126,686
122,934
111,984
109,739
104,464
95,781
89,029
90,448
79,679
78,164
72,105
74,967
29,000
20,862
0
70,652
22,823
111,028
27,110
49,264
70,574
91,425
55,562
18,400
81,129
257,260
21,481
32,768
236,168
200,899
18,749
82,556
6,094
367,095
1,110,092
4,075
405,266
118,281
3,317
1,777,931
23,360
33,721
22,107

22,107

33,721

23,360

1,777,931

3,317

118,281

405,266

4,075

1,110,092

367,095

6,094

82,556

18,749

200,899

236,168

32,768

21,481

257,260

81,129

18,400

55,562

91,425

70,574

49,264

27,110

111,028

22,823

70,652

20,862

29,000

74,967

72,105

78,164

79,679

90,448

89,029

95,781

104,464

109,739

111,984

122,934

126,686

133,094

105,730

109,890

113,723

118,184

121,228

231,767

238,011

329,621

315,886

307,084

304,836

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
119,568
96,642
102,142
100,932
99,007
97,727
123,620
127,720
127,441
125,809
111,457
110,814
114,626
116,450
118,531
122,084
125,913
128,622
126,780
130,062
132,957
89,685
90,753
16,502
56,925
34,961
54,561
53,798
53,036
52,273
54,508
4,922
49,973
49,203
3,242
1,733
1,988
86,475
1,008
0
104,013
101,886
0
0
0
85,922
84,662
0
80,965
0
0
78,613
74,655
0
0

74,655

78,613

80,965

84,662

85,922

101,886

104,013

1,008

86,475

1,988

1,733

3,242

49,203

49,973

4,922

54,508

52,273

53,036

53,798

54,561

34,961

56,925

16,502

90,753

89,685

132,957

130,062

126,780

128,622

125,913

122,084

118,531

116,450

114,626

110,814

111,457

125,809

127,441

127,720

123,620

97,727

99,007

100,932

102,142

96,642

119,568

> Total Stockholder Equity

27,837
36,975
44,271
63,232
65,274
167,914
171,216
173,533
186,594
182,259
189,443
331,679
344,730
440,794
432,764
440,511
455,405
618,083
660,066
820,700
836,565
846,428
859,015
875,250
898,165
906,972
904,694
902,466
934,260
939,132
931,861
939,659
940,096
898,718
908,193
916,449
915,975
694,465
694,621
711,410
724,632
732,740
752,969
757,812
771,822
774,923
807,342
895,858
962,555
990,001
1,005,655
1,027,056
1,040,029
1,078,425
1,107,658
1,143,274
1,179,983
1,198,390
1,300,385
1,295,708
1,305,695
1,319,837
1,340,349
1,369,561
1,380,733
1,392,420
1,409,065
1,428,397
1,439,742
1,805,985
1,816,608
1,825,083
1,833,385
1,854,999
1,870,669
1,832,627
1,846,505
1,867,571
2,184,536
2,254,390
2,278,834
2,315,427

2,315,427

2,278,834

2,254,390

2,184,536

1,867,571

1,846,505

1,832,627

1,870,669

1,854,999

1,833,385

1,825,083

1,816,608

1,805,985

1,439,742

1,428,397

1,409,065

1,392,420

1,380,733

1,369,561

1,340,349

1,319,837

1,305,695

1,295,708

1,300,385

1,198,390

1,179,983

1,143,274

1,107,658

1,078,425

1,040,029

1,027,056

1,005,655

990,001

962,555

895,858

807,342

774,923

771,822

757,812

752,969

732,740

724,632

711,410

694,621

694,465

915,975

916,449

908,193

898,718

940,096

939,659

931,861

939,132

934,260

902,466

904,694

906,972

898,165

875,250

859,015

846,428

836,565

820,700

660,066

618,083

455,405

440,511

432,764

440,794

344,730

331,679

189,443

182,259

186,594

173,533

171,216

167,914

65,274

63,232

44,271

36,975

27,837

Common Stock

23
23
31
33
24
31
31
31
31
31
31
35
35
38
38
38
38
41
42
45
45
45
45
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
46
49
49
49
49
49
49
50
50
50
50
51
51
51
51
51
51
51
51
51
51
51
51
51
56
56
56
56
56
56
56
56
56
60
60
60
60

Retained Earnings

20,937
30,036
37,322
46,551
38,445
44,441
47,402
50,549
61,914
55,824
62,769
69,741
82,256
85,053
76,211
82,851
96,713
103,545
111,503
121,393
135,037
144,465
155,875
170,409
191,210
196,950
193,333
189,627
219,122
221,311
210,046
216,362
215,411
172,331
180,226
187,048
184,649
-38,372
-39,717
-24,200
-13,066
-6,722
15,737
22,597
36,835
41,539
47,673
59,155
128,352
148,396
162,195
183,018
191,627
216,644
243,508
274,566
289,561
313,875
410,758
405,353
410,870
422,222
442,531
470,880
480,879
487,873
507,537
524,864
534,984
550,103
558,644
565,222
573,408
585,209
596,912
601,441
612,832
623,907
646,204
663,166
691,391
719,894

719,894

691,391

663,166

646,204

623,907

612,832

601,441

596,912

585,209

573,408

565,222

558,644

550,103

534,984

524,864

507,537

487,873

480,879

470,880

442,531

422,222

410,870

405,353

410,758

313,875

289,561

274,566

243,508

216,644

191,627

183,018

162,195

148,396

128,352

59,155

47,673

41,539

36,835

22,597

15,737

-6,722

-13,066

-24,200

-39,717

-38,372

184,649

187,048

180,226

172,331

215,411

216,362

210,046

221,311

219,122

189,627

193,333

196,950

191,210

170,409

155,875

144,465

135,037

121,393

111,503

103,545

96,713

82,851

76,211

85,053

82,256

69,741

62,769

55,824

61,914

50,549

47,402

44,441

38,445

46,551

37,322

30,036

20,937

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
712,324
713,991
716,731
720,801
722,522
724,074
725,746
727,403
728,873
730,583
732,140
733,683
734,997
737,125
735,295
736,735
738,842
740,651
742,006
771,591
845,173
846,998
849,223
854,260
856,827
859,855
869,463
871,176
875,591
896,005
888,778
890,485
892,601
896,160
901,363
903,723
906,366
910,651
913,150
915,139
917,403
920,210
1,262,446
1,264,828
1,267,451
1,269,568
1,271,925
1,274,838
1,253,242
1,256,058
1,259,072
1,560,445
1,609,298
1,610,577
0

1,610,577

1,609,298

1,560,445

1,259,072

1,256,058

1,253,242

1,274,838

1,271,925

1,269,568

1,267,451

1,264,828

1,262,446

920,210

917,403

915,139

913,150

910,651

906,366

903,723

901,363

896,160

892,601

890,485

888,778

896,005

875,591

871,176

869,463

859,855

856,827

854,260

849,223

846,998

845,173

771,591

742,006

740,651

738,842

736,735

735,295

737,125

734,997

733,683

732,140

730,583

728,873

727,403

725,746

724,074

722,522

720,801

716,731

713,991

712,324

Treasury Stock

-17,964

-1,098,333

-706,519

-702,198

-923,154

-924,211

-916,037

-906,644

-948,105

-947,717

Other Stockholders Equity

0
0
43,719
60,627
466,598
182,267
182,608
123,953
123,649
123,404
123,643
259,903
260,439
353,703
354,515
355,622
356,654
513,497
547,521
698,262
699,483
700,918
702,095
704,795
706,909
708,976
710,315
712,793
714,092
716,775
720,769
722,251
723,639
725,341
726,921
2,208,700
730,280
731,791
733,292
734,564
736,652
1,336,847
737,186
739,169
740,941
742,338
771,620
845,654
847,154
849,556
854,411
856,989
860,352
869,731
871,100
875,658
896,371
889,464
890,576
892,304
895,774
901,564
903,767
906,630
910,803
913,496
915,477
917,482
920,707
1,262,446
1,257,908
1,267,451
1,269,568
1,271,925
1,274,838
1,235,278
1,238,094
1,241,108
1,542,481
1,591,334
1,592,613
1,596,805

1,596,805

1,592,613

1,591,334

1,542,481

1,241,108

1,238,094

1,235,278

1,274,838

1,271,925

1,269,568

1,267,451

1,257,908

1,262,446

920,707

917,482

915,477

913,496

910,803

906,630

903,767

901,564

895,774

892,304

890,576

889,464

896,371

875,658

871,100

869,731

860,352

856,989

854,411

849,556

847,154

845,654

771,620

742,338

740,941

739,169

737,186

1,336,847

736,652

734,564

733,292

731,791

730,280

2,208,700

726,921

725,341

723,639

722,251

720,769

716,775

714,092

712,793

710,315

708,976

706,909

704,795

702,095

700,918

699,483

698,262

547,521

513,497

356,654

355,622

354,515

353,703

260,439

259,903

123,643

123,404

123,649

123,953

182,608

182,267

466,598

60,627

43,719

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Accounts Payable	140,694	77,551	75,164	75,779	141,857	116,362	153,796	91,650	91,955	88,276	98,047	98,001	69,894	51,915	46,410	98,294	66,812	44,327	50,048	37,565	27,479	18,650	-
Accumulated Amortization	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	-
Accumulated Other Comprehensive Income	-1,332	2,500	-2,191	-6,620	-8,654	-3,799	-4,314	-7,732	-7,667	-8,668	487	651	595	1,044	622	645	1,388	2,304	2,396	-566	-86	-111	-
Additional Paid In Capital	0	0	0	0	0	0	888,778	869,463	0	0	0	702,198	906,644	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	26,670	25,978	26,169	28,092	31,028	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	60	56	56	56	51	51	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	1,259,072	1,271,925	1,262,446	913,150	901,363	888,778	869,463	849,223	742,006	735,295	732,140	725,746	716,731	0	0	0	0	0	0	0	0	-
Cash	287,770	95,872	239,278	448,252	71,173	98,802	47,818	230,214	185,919	40,230	57,354	66,628	99,886	82,815	46,307	34,393	47,227	20,254	26,976	36,750	8,873	36,684	-
Cash And Equivalents	0	95,872	239,278	448,252	71,173	98,802	47,818	230,214	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	287,770	95,872	282,621	448,252	71,173	98,802	47,818	230,214	185,919	40,230	57,354	66,628	118,407	82,815	46,307	58,832	60,716	116,740	70,536	125,916	8,873	36,684	-
Common Stock	60	56	56	56	51	51	51	50	49	46	46	46	46	46	46	45	41	38	31	31	31	31	-
Common Stock Shares Outstanding	59,762	56,503	56,402	51,937	51,227	50,969	50,769	50,140	49,187	45,859	45,475	45,431	45,431	45,452	45,533	44,298	38,880	34,707	31,609	30,786	23,214	23,214	30,769
Common Stock Total Equity	0	56	56	56	51	51	51	50	49	46	46	46	46	46	46	45	41	38	31	31	31	31	-
Current Deferred Revenue	19,438	8,785	9,248	11,179	2,755	18,402	20,241	31,630	33,892	24,724	7,903	25,408	4,900	2,903	72,867	74,427	76,198	78,883	81,569	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	113,760	0	0	42,811	37,567	37,629	89,340	40,236	17,087	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	84,662	0	1,008	3,242	54,508	54,561	90,753	126,780	118,531	111,457	123,620	102,142	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	-
Good Will	90,544	90,325	89,954	24,566	20,140	19,950	21,037	6,650	25,875	28,655	31,933	35,492	38,781	40,274	41,981	44,853	47,989	50,086	47,915	48,930	0	0	-
Intangible Assets	307,609	333,845	363,314	194,421	186,220	199,874	85,420	52,753	25,875	28,655	31,933	35,492	38,781	40,274	41,981	44,853	47,989	50,086	47,915	48,930	32,005	7,256	-
Inventory	45,037	22,832	28,445	35,321	34,949	45,024	19,551	12,000	18,074	16,930	22,289	20,669	12,541	12,538	15,486	13,724	10,312	7,403	5,224	6,046	3,712	5,948	-
Liabilities And Stockholders Equity	5,208,279	4,611,579	4,425,678	3,888,987	3,250,494	3,121,350	2,566,527	2,461,569	2,293,044	2,121,556	2,159,433	2,041,899	2,314,718	2,043,328	1,855,001	1,637,691	1,274,909	1,160,102	914,480	850,088	547,536	287,378	-
Long Term Debt	1,789,299	1,844,961	1,279,999	1,002,462	1,011,931	41,579	804,294	872,873	857,811	909,631	997,468	962,595	969,456	542,351	572,201	369,474	314,530	380,314	478,059	517,578	411,316	76,500	-
Long Term Debt Total	0	1,621,464	1,284,360	1,002,462	1,023,140	41,579	804,294	872,873	857,811	909,631	997,468	962,595	969,456	542,351	0	0	0	0	0	0	0	0	-
Long Term Investments	125,439	115,693	105,886	98,217	81,140	71,983	34,084	0	0	-3,617	7,076	2,591	3,757	5,531	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	-
Net Debt	1,827,382	1,956,841	1,695,295	1,035,667	1,197,839	1,169,111	865,784	708,630	734,546	961,180	1,020,503	964,300	397,410	706,854	578,135	378,458	301,445	409,596	514,724	519,574	428,619	124,123	-
Net Invested Capital	4,403,909	3,894,306	3,763,403	3,261,812	2,630,404	2,587,750	2,149,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	271,601	177,638	150,780	191,701	214,938	199,104	165,183	150,487	88,306	88,331	128,455	74,609	61,236	63,243	62,170	73,898	59,773	53,835	45,551	34,306	37,677	25,127	-
Net Tangible Assets	0	1,452,991	1,401,731	1,815,815	1,186,060	1,108,616	1,217,794	1,023,794	964,126	746,268	700,807	659,610	859,937	898,858	0	0	0	0	0	0	0	0	-
Net Working Capital	108,991	112,807	57,776	530,507	39,188	111,120	38,301	283,579	186,635	68,121	103,001	85,096	98,415	66,932	55,652	3,296	22,337	34,429	36,616	50,341	7,226	-81,659	-
Non Current Assets Total	4,562,276	4,154,862	3,823,746	3,109,833	2,834,830	2,648,286	2,244,881	1,988,739	1,917,908	1,847,682	1,870,093	1,765,061	2,022,533	1,838,674	1,659,746	1,472,012	1,106,081	917,510	751,518	676,766	478,812	209,756	-
Non Current Liabilities Other	22,107	3,317	1,110,092	18,749	21,481	55,562	27,110	38,113	72,105	89,029	111,984	105,730	121,228	315,886	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	2,219,681	2,237,104	1,873,732	1,698,903	1,358,608	1,314,310	1,000,470	1,102,311	1,020,669	1,129,057	1,227,983	1,148,596	1,214,304	960,379	803,703	511,635	444,953	511,081	605,811	559,129	442,401	99,534	-
Non Currrent Assets Other	44,631	39,762	78,915	66,989	38,284	21,451	55,972	66,249	83,863	84,668	89,030	50,090	89,070	350,315	41,766	35,507	34,905	31,088	31,136	48,971	67,674	22,382	-
Noncontrolling Interest In Consolidated Entity	0	153,404	143,462	135,452	0	125,259	84,322	91,582	93,873	11,823	12,371	7,096	7,926	6,095	0	0	0	0	0	0	0	0	-
Other Assets	0	201,127	222,365	791,800	187,618	146,659	1	74,918	64,801	84,668	89,921	156,898	90,912	96,768	64,298	49,919	47,370	37,053	36,277	52,015	20,914	14,019	-
Other Current Assets	41,595	160,375	35,920	15,354	12,667	51,441	40,269	45,867	33,334	34,884	29,654	34,144	3,966	6,146	14,640	19,225	38,027	1,459	41,651	7,054	18,462	9,863	-
Other Current Liab	73,055	71,872	68,022	76,984	72,305	56,845	88,330	42,765	48,058	974	36,268	57,498	63,422	33,884	-31,915	-53,715	-30,661	35,417	-68,912	46,670	7,843	56,324	-
Other Liab	0	370,093	572,910	289,859	312,210	264,974	234,109	226,401	162,858	153,206	175,480	172,128	190,183	188,852	186,972	108,930	109,743	109,093	105,748	23,183	17,199	11,083	-
Other Stockholder Equity	1,596,805	1,241,108	1,271,925	1,262,446	913,150	901,363	889,464	869,731	849,556	742,338	1,336,847	731,791	725,341	716,775	708,976	700,918	513,497	353,703	123,404	182,267	66,602	51,009	-
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	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	702,198	906,644	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	5,726,467	3,413,872	3,042,227	2,606,342	2,379,536	2,221,268	2,028,232	1,863,087	1,808,170	1,734,359	1,741,163	1,622,899	1,518,532	1,425,467	1,517,288	1,344,687	977,760	793,164	620,091	527,003	379,133	180,118	-
Property Plant And Equipment Net	3,841,483	3,413,872	3,042,227	2,606,341	2,379,536	2,221,268	2,028,233	1,863,087	1,808,170	1,734,359	1,741,163	1,622,899	1,889,083	1,425,467	1,517,288	1,344,687	977,760	793,164	620,091	527,003	379,133	180,118	-
Property Plant Equipment	0	3,413,872	3,042,227	479,315	2,359,712	1,959,578	1,734,691	1,556,378	1,808,170	1,734,359	1,741,163	1,622,899	1,889,083	1,696,101	1,517,288	1,344,687	977,400	793,164	620,091	527,003	379,133	180,118	-
Retained Earnings	719,894	623,907	585,209	550,103	487,873	422,222	313,875	216,644	148,396	41,539	-6,722	-38,372	172,331	221,311	196,950	144,465	103,545	85,053	55,824	44,441	34,585	19,131	-
Retained Earnings Total Equity	0	623,907	585,209	550,103	0	422,222	327,255	216,644	148,396	41,539	-3,088	-37,735	172,331	221,311	0	0	0	0	0	0	0	0	-
Short Long Term Debt	299,183	181,774	386,376	78,614	226,053	227,180	109,308	65,971	62,654	71,479	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	2,115,152	2,052,713	1,934,573	1,483,919	1,269,012	1,267,913	913,602	938,844	920,465	1,001,410	1,077,857	1,030,928	497,296	789,669	624,442	412,851	348,672	429,850	541,700	556,324	437,492	160,807	-
Short Term Debt	303,825	185,702	391,722	84,705	231,864	227,180	109,308	65,971	62,654	91,779	80,389	68,333	55,554	49,020	52,241	43,377	34,142	49,536	63,641	38,746	26,176	84,307	-
Short Term Investments	0	0	43,343	98,217	0	0	48,825	34,262	49,503	93,248	51,065	76,537	18,521	23,309	40,955	24,439	13,489	96,486	43,560	89,166	16,371	8,010	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	702,198	906,644	0	0	0	0	0	0	0	0	0	-
Total Assets	5,208,279	4,611,579	4,425,678	3,888,987	3,250,494	3,121,350	2,566,527	2,461,569	2,293,044	2,121,556	2,159,433	2,041,899	2,314,718	2,043,328	1,855,001	1,637,691	1,274,909	1,160,102	914,480	850,088	547,536	287,378	-
Total Current Assets	646,003	456,717	601,932	779,154	415,664	473,064	321,646	472,830	375,136	273,874	289,340	276,838	292,185	204,654	195,255	165,679	168,828	242,592	162,962	173,322	68,724	77,622	-
Total Current Liabilities	537,012	343,910	544,156	248,647	376,476	361,944	283,345	189,251	188,501	205,753	186,339	191,742	193,770	137,722	139,603	162,383	146,491	208,163	126,346	122,981	61,498	159,281	-
Total Liab	2,756,693	2,581,014	2,417,888	1,947,550	1,735,084	1,676,254	1,283,815	1,291,562	1,209,170	1,334,810	1,414,322	1,340,338	1,408,074	1,098,101	943,306	674,018	591,444	719,244	732,157	682,110	503,899	258,815	-
Total Permanent Equity	0	0	0	0	0	0	1,320,459	1,170,007	0	0	0	702,198	906,644	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	2,315,427	1,867,571	1,854,999	1,805,985	1,392,420	1,319,837	1,198,390	1,078,425	990,001	774,923	732,740	694,465	898,718	939,132	906,972	846,428	618,083	440,794	182,259	167,914	41,524	26,031	-
Treasury Stock	0	-17,964	0	0	0	0	0	0	0	0	0	-702,198	-906,644	0	0	0	0	0	0	0	0	0	-
Warrants	0	9,590	9,329	9,830	0	8,603	0	4,772	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2002-12-31
Accounts Payable	140,694	-272,930	-204,113	172,751	77,551	159,637	144,522	164,752	75,164	127,432	108,408	-6,106	75,779	144,473	149,591	140,867	141,857	137,176	115,011	108,309	116,362	105,351	103,342	103,551	153,796	103,335	101,827	95,518	91,650	102,854	87,511	82,487	91,955	85,226	98,481	83,676	88,276	78,411	79,800	93,820	98,047	83,751	90,651	78,406	98,001	29,465	38,578	30,672	69,894	29,879	6,597	6,419	51,915	14,741	18,145	14,921	46,410	14,003	15,208	35,565	98,294	115,706	103,187	110,154	66,812	74,460	85,492	88,936	44,327	68,626	53,835	63,548	50,048	61,617	49,819	51,183	37,565	38,160	34,764	36,236	11,528	9,455
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-1,332	-5,230	-170	-4,209	2,500	-4,477	-4,148	-1,137	-2,191	-9,647	-7,646	-6,920	-6,620	-15,503	-13,921	-13,662	-8,654	-10,848	-7,736	-5,956	-3,799	-1,386	-2,297	-909	-4,314	-5,634	-6,933	-7,076	-7,732	-11,503	-12,838	-10,849	-7,667	-12,844	-8,519	-11,971	-8,668	-5,710	-3,673	451	487	527	567	609	651	697	482	518	595	565	729	968	1,044	1,101	469	545	622	293	-59	528	645	1,600	829	1,039	1,388	2,010	2,096	2,255	2,304	2,359	2,358	2,577	2,396	641	-1,055	-225	-566	-196	-10,344	-76	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	896,160	892,601	890,485	888,778	896,005	875,591	871,176	869,463	859,855	856,827	1,098,333	0	0	0	0	0	0	0	0	0	0	0	706,519	702,198	923,154	924,211	916,037	906,644	948,105	947,717	0	0	0	0	0	0	0	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	26,670	26,932	27,010	26,086	25,978	24,655	25,784	26,025	26,169	280,128	27,838	24,289	28,092	29,287	30,891	31,408	31,028	39,366	41,757	40,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	60	60	60	60	56	56	56	56	56	56	56	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,610,577	1,609,298	1,560,445	1,259,072	1,256,058	1,253,242	1,274,838	1,271,925	1,269,568	1,267,451	1,264,828	1,262,446	920,210	917,403	915,139	913,150	910,651	906,366	903,723	901,363	896,160	892,601	890,485	888,778	896,005	875,591	871,176	869,463	859,855	856,827	854,260	849,223	846,998	845,173	771,591	742,006	740,651	738,842	736,735	735,295	737,125	734,997	733,683	732,140	730,583	728,873	727,403	725,746	724,074	722,522	720,801	716,731	713,991	712,324	0	0	0	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	287,770	78,079	275,066	414,856	95,872	154,633	263,425	130,006	239,278	267,802	250,009	376,630	448,252	197,309	173,718	231,149	71,173	97,602	110,665	79,366	98,802	71,965	66,696	54,723	47,818	77,212	118,390	174,138	230,214	90,066	192,556	148,498	185,919	171,541	137,665	70,724	40,230	42,451	80,120	47,927	57,354	35,435	28,893	57,627	66,628	40,532	66,684	84,580	99,886	59,077	44,338	40,675	82,815	49,240	54,195	43,111	46,307	20,343	46,028	42,711	34,393	38,143	137,767	30,722	47,227	20,331	24,904	22,244	20,254	19,856	24,736	19,094	26,976	48,538	47,224	44,447	36,750	29,639	21,170	28,901	8,873	36,684
Cash And Equivalents	0	78,079	275,066	414,856	95,872	154,633	263,425	130,006	239,278	267,802	250,009	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	287,770	78,079	275,066	414,856	95,872	154,633	263,425	172,933	282,621	313,281	295,969	404,365	448,252	197,309	173,718	231,149	71,173	97,602	110,665	79,366	98,802	71,965	66,696	54,723	47,818	77,212	118,390	174,138	230,214	90,066	192,556	148,498	185,919	171,541	137,665	70,724	40,230	42,451	80,120	47,927	57,354	35,435	28,893	57,627	66,628	40,532	71,905	100,299	118,407	80,266	67,435	64,824	82,815	49,240	54,195	43,111	46,307	20,343	46,028	42,711	58,832	38,143	137,767	30,722	60,716	28,971	73,002	74,678	116,740	79,874	108,559	28,164	70,536	102,985	104,980	73,492	125,916	29,639	21,170	28,901	0	0
Common Stock	60	60	60	60	56	56	56	56	56	56	56	56	56	51	51	51	51	51	51	51	51	51	51	51	51	51	50	50	50	50	49	49	49	49	49	49	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	45	45	45	45	42	41	38	38	38	38	35	35	31	31	31	31	31	31	24	33	31	23	23
Common Stock Shares Outstanding	60,505	60,570	60,634	57,104	56,501	56,457	56,498	56,366	56,386	56,298	56,316	56,735	53,551	51,282	51,362	51,526	51,511	51,334	51,094	51,012	50,936	50,963	50,958	51,051	50,609	50,867	50,624	50,491	50,293	50,289	50,137	49,782	49,668	51,113	50,600	48,079	46,189	46,102	45,963	45,660	45,610	45,494	45,448	45,431	45,431	45,431	45,438	45,437	45,431	45,440	45,443	45,431	45,431	45,450	45,431	45,457	45,431	45,564	45,451	45,405	45,353	45,483	43,978	42,271	42,163	38,251	38,255	38,109	38,109	35,609	35,254	31,697	31,563	31,579	31,579	31,572	31,563	30,786	30,786	23,214	0	0
Common Stock Total Equity	0	0	60	60	56	56	56	56	56	56	56	56	56	51	51	51	51	51	51	51	51	51	51	51	51	51	50	50	50	50	49	49	49	49	49	49	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	46	45	45	45	45	42	41	38	38	38	38	35	35	31	31	31	31	31	31	24	33	31	0	0
Current Deferred Revenue	19,438	10,619	18,651	24,651	8,785	14,034	12,707	10,964	9,248	15,829	13,452	12,686	11,179	7,683	5,599	5,937	2,755	6,003	14,130	15,508	18,402	21,760	16,136	10,458	20,241	6,015	17,574	17,595	31,630	37,134	42,912	30,917	33,892	22,616	49,731	57,861	24,724	45,310	28,185	3,817	7,903	12,708	10,970	21,749	25,408	67,051	67,686	68,321	4,900	69,483	70,010	70,324	2,903	71,673	72,193	72,590	3,617	73,254	73,809	74,338	3,003	74,774	74,856	75,527	1,732	76,869	77,540	604	1,819	79,554	80,226	80,897	1,663	70,141	70,713	0	1,001	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	109,821	113,760	0	0	124,304	0	0	0	0	0	0	0	42,613	42,811	36,235	38,206	37,301	37,567	35,399	35,674	35,881	37,629	50,601	52,434	88,156	89,340	38,636	39,711	40,066	40,236	54,017	54,146	17,087	17,087	0	0	0	0	0	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	74,655	78,613	0	0	80,965	0	84,662	85,922	0	0	0	101,886	104,013	0	1,008	86,475	1,988	1,733	3,242	49,203	49,973	4,922	54,508	52,273	53,036	53,798	54,561	34,961	56,925	16,502	90,753	89,685	132,957	130,062	126,780	128,622	125,913	122,084	118,531	116,450	114,626	110,814	111,457	125,809	127,441	127,720	123,620	97,727	99,007	100,932	102,142	96,642	119,568	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	90,544	90,269	90,456	90,446	90,325	89,742	90,200	90,591	89,954	91,342	24,863	24,237	24,566	23,584	20,120	19,963	20,140	19,933	20,225	20,123	19,950	40,111	40,133	21,253	21,037	20,667	20,121	19,710	6,650	7,071	24,236	25,056	25,875	26,202	27,029	27,846	28,655	29,481	30,302	31,122	31,933	33,032	33,861	34,681	35,492	36,319	37,145	37,963	38,781	37,864	38,676	39,479	40,274	40,206	40,413	41,203	41,981	42,507	43,297	44,057	44,853	45,641	46,429	47,209	47,989	48,779	49,656	49,319	50,086	45,801	46,505	47,210	47,915	46,854	47,540	48,253	48,930	0	0	0	0	0
Intangible Assets	307,609	313,667	320,847	327,537	333,845	339,042	347,216	355,185	363,314	370,889	185,508	189,249	194,421	197,002	179,659	182,305	186,220	188,815	193,142	196,125	199,874	203,382	207,206	84,771	85,420	86,806	86,986	86,800	52,753	56,052	24,236	25,056	25,875	26,202	27,029	27,846	28,655	29,481	30,302	31,122	31,933	33,032	33,861	34,681	35,492	36,319	37,145	37,963	38,781	37,864	38,676	39,479	40,274	40,206	40,413	41,203	41,981	42,507	43,297	44,057	44,853	45,641	46,429	47,209	47,989	48,779	49,656	49,319	50,086	45,801	46,505	47,210	47,915	46,854	47,540	48,253	48,930	49,078	49,758	35,985	32,005	7,256
Inventory	45,037	44,844	37,900	45,447	22,832	29,805	32,213	32,888	28,445	27,356	28,526	38,408	35,321	34,384	38,932	34,107	34,949	39,324	38,880	42,982	45,024	37,442	36,696	20,069	19,551	18,685	18,569	17,804	12,000	12,973	16,690	16,795	18,074	16,595	16,401	17,286	16,930	17,337	18,292	22,671	22,289	20,396	17,906	18,258	20,669	17,786	18,119	17,200	12,541	17,899	14,408	14,554	12,538	14,615	15,175	20,014	15,486	14,193	14,609	12,724	13,724	12,196	13,391	13,184	10,312	10,460	9,671	8,572	7,403	5,880	5,117	6,191	5,224	5,241	9,141	6,521	6,046	10,900	7,456	4,285	5,634	5,948
Liabilities And Stockholders Equity	5,208,279	5,010,812	5,010,644	5,015,270	4,611,579	4,524,531	4,541,976	4,414,189	4,425,678	4,359,366	3,818,550	3,859,213	3,888,987	3,520,947	3,418,377	3,445,613	3,250,494	3,259,493	3,193,781	3,143,214	3,121,350	3,059,583	2,994,149	2,710,817	2,566,527	2,503,738	2,510,633	2,499,888	2,461,569	2,279,271	2,273,013	2,260,134	2,293,044	2,286,333	2,276,550	2,183,333	2,121,556	2,171,913	2,144,929	2,134,347	2,159,433	2,168,335	2,137,900	2,143,568	2,041,899	2,258,363	2,294,100	2,327,769	2,314,718	2,210,721	2,110,813	2,093,947	2,043,328	1,964,709	1,940,759	1,896,700	1,855,001	1,831,482	1,772,757	1,728,194	1,637,691	1,579,434	1,530,495	1,338,286	1,274,909	1,187,983	1,197,603	1,138,517	1,160,102	1,077,197	1,053,304	942,953	914,480	925,116	894,624	828,395	850,088	774,023	778,183	697,884	0	0
Long Term Debt	1,789,299	1,674,929	1,818,572	421,376	1,844,961	1,592,350	1,862,916	1,459,982	1,279,999	555,298	1,298,244	1,340,949	1,002,462	1,054,433	1,106,933	995,959	1,011,931	1,030,936	1,116,425	1,111,696	41,579	430,321	391,047	46,506	804,294	822,372	586,450	260,539	872,873	470,693	545,667	827,771	857,811	879,790	852,735	898,797	909,631	966,923	917,958	925,002	997,468	997,872	964,282	998,932	962,595	910,340	930,405	978,174	969,456	745,446	680,952	580,807	542,351	482,472	458,400	594,266	572,201	529,795	489,500	433,044	369,474	285,257	286,938	305,898	314,530	395,802	346,719	371,083	380,314	464,169	466,412	488,779	478,059	487,687	490,726	508,311	517,578	565,161	581,124	0	411,316	76,500
Long Term Debt Total	0	1,548,093	421,957	421,376	1,621,464	1,594,552	1,630,994	1,228,000	1,284,360	555,298	1,303,434	1,346,800	1,002,462	1,054,433	1,106,933	1,007,189	1,023,140	1,030,936	1,116,425	1,123,650	41,579	430,321	391,047	46,506	0	822,372	586,450	260,539	0	470,693	545,667	827,771	857,811	879,790	852,735	898,797	909,631	966,923	917,958	925,002	997,468	997,872	964,282	998,932	962,595	910,340	930,405	978,174	969,456	745,446	680,952	580,807	542,351	482,472	458,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	125,439	128,218	126,451	119,185	115,693	117,182	114,699	112,522	105,886	109,725	103,890	104,519	98,217	91,277	84,414	76,008	81,140	73,714	71,047	71,885	71,983	67,739	66,551	63,109	34,084	0	0	0	0	0	0	0	0	0	0	0	-3,617	1,339	3,308	7,510	7,076	5,419	3,524	2,789	2,591	3,476	3,783	3,732	3,757	3,997	4,068	3,832	5,531	3,329	31,172	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
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,827,382	1,921,093	1,755,978	1,689,516	1,956,841	1,882,337	1,816,904	1,759,408	1,695,295	1,684,857	1,194,325	1,075,979	1,035,667	1,285,320	1,207,395	1,210,590	1,197,839	1,172,800	1,181,509	1,206,224	1,169,111	1,156,920	1,124,434	929,604	865,784	829,266	819,256	781,963	708,630	727,934	678,626	750,914	734,546	780,169	783,249	930,415	961,180	997,794	955,847	991,266	1,020,503	1,039,659	1,021,931	1,014,967	964,300	678,934	680,617	929,453	904,581	827,235	778,930	785,016	693,844	671,599	645,586	610,551	588,153	552,243	481,658	421,934	378,458	265,748	177,310	308,734	301,445	445,932	368,455	383,800	409,596	477,738	475,270	502,493	514,724	496,531	498,918	511,909	519,574	580,369	614,982	549,179	0	0
Net Invested Capital	4,403,909	4,251,074	4,258,424	4,262,822	3,894,306	3,858,820	3,887,172	3,734,058	3,763,403	3,505,916	3,241,579	3,244,928	3,261,812	2,893,084	2,778,619	2,819,396	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	271,601	228,473	205,371	197,744	177,638	155,277	156,131	148,833	150,780	176,984	163,406	171,100	191,701	198,969	217,355	218,947	214,938	200,833	182,607	187,951	199,104	184,814	176,365	154,732	165,183	152,062	159,616	136,446	150,487	116,868	88,651	115,008	88,306	76,718	79,248	73,458	88,331	100,649	113,694	113,197	128,455	122,185	96,946	64,637	74,609	90,978	60,920	60,651	65,202	64,162	81,027	77,870	69,389	70,074	58,393	60,889	62,170	76,850	72,509	69,223	73,898	81,906	67,799	63,443	59,773	62,706	64,095	56,190	53,835	56,004	43,634	41,757	45,551	43,835	38,353	40,401	34,306	41,835	41,609	33,894	31,357	25,127
Net Tangible Assets	0	1,874,898	1,853,095	1,775,914	1,452,991	1,426,154	1,395,211	1,880,077	1,401,731	1,371,154	1,614,712	1,826,314	1,815,815	1,424,901	1,438,203	1,216,199	1,186,060	1,389,474	1,378,381	1,132,806	1,108,616	1,314,217	1,303,976	1,201,304	1,217,794	1,076,239	1,013,867	1,006,343	1,023,794	988,949	1,027,056	1,005,655	964,126	936,353	868,829	779,496	746,268	742,341	727,510	721,847	700,807	691,600	677,549	659,940	659,610	879,656	879,304	870,230	859,937	902,232	900,983	892,382	898,858	894,054	862,053	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	108,991	-24,377	302,772	420,027	112,807	102,947	232,495	-76,002	57,776	101,167	341,760	470,701	530,507	296,288	112,423	16,967	39,188	79,587	135,757	153,531	111,120	25,409	54,603	116,919	38,301	138,789	173,059	221,258	283,579	107,467	187,091	194,520	186,635	189,995	152,059	62,206	68,121	130,338	80,829	80,785	103,001	104,990	59,894	105,604	85,096	77,352	77,143	87,819	98,415	60,996	70,299	88,429	66,932	79,075	38,425	38,578	55,652	73,795	53,433	26,157	3,296	8	100,090	-27,758	22,337	22,756	13,890	-10,128	34,429	60,329	84,469	-6,571	36,616	64,927	78,136	39,677	50,341	10,973	11,124	24,239	0	0
Non Current Assets Total	4,562,276	4,495,155	4,324,663	4,204,283	4,154,862	4,049,556	3,956,368	3,906,200	3,823,746	3,723,927	3,230,561	3,134,278	3,109,833	2,988,356	2,901,308	2,861,327	2,834,830	2,827,183	2,781,430	2,721,593	2,648,286	2,637,809	2,598,515	2,388,687	2,244,881	2,171,493	2,123,397	2,071,139	1,988,739	1,969,899	1,892,777	1,880,569	1,917,908	1,915,601	1,907,125	1,876,273	1,847,682	1,844,532	1,838,106	1,841,734	1,870,093	1,869,236	1,869,415	1,843,755	1,765,061	1,991,841	2,018,637	2,052,296	2,022,533	1,962,049	1,895,388	1,862,967	1,838,674	1,745,938	1,751,458	1,703,534	1,659,746	1,622,145	1,577,537	1,530,288	1,472,012	1,381,463	1,267,209	1,190,357	1,106,081	1,020,306	968,772	941,894	917,510	881,431	850,225	820,088	751,518	728,829	700,409	683,414	676,766	659,916	668,812	577,713	0	0
Non Current Liabilities Other	22,107	33,721	23,360	1,777,931	3,317	118,281	405,266	4,075	1,110,092	367,095	6,094	82,556	18,749	200,899	236,168	32,768	21,481	257,260	81,129	18,400	55,562	91,425	70,574	49,264	27,110	111,028	22,823	70,652	0	20,862	29,000	74,967	72,105	78,164	79,679	90,448	89,029	95,781	104,464	109,739	111,984	122,934	126,686	133,094	105,730	109,890	113,723	118,184	121,228	231,767	238,011	329,621	315,886	307,084	304,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,219,681	2,055,798	2,210,385	2,277,920	2,237,104	2,151,794	2,200,573	1,805,941	1,873,732	1,852,738	1,612,466	1,655,100	1,698,903	1,712,841	1,456,920	1,344,643	1,358,608	1,401,982	1,425,546	1,412,129	1,314,310	1,233,522	1,234,321	1,120,721	1,000,470	1,052,837	1,068,857	1,095,896	1,102,311	941,424	962,433	976,756	1,020,669	1,047,639	1,065,371	1,119,307	1,129,057	1,191,326	1,148,335	1,156,825	1,227,983	1,237,256	1,205,594	1,242,840	1,148,596	1,146,039	1,171,569	1,224,078	1,214,304	1,074,940	1,017,970	1,011,360	960,379	886,198	882,804	832,748	803,703	790,980	748,845	690,478	511,635	424,566	423,293	439,356	444,953	519,960	473,056	498,938	511,081	596,966	597,642	619,276	605,811	607,098	604,948	551,811	559,129	605,547	616,635	557,612	0	0
Non Currrent Assets Other	44,631	44,327	41,991	36,920	39,762	38,250	40,942	70,398	78,915	61,716	57,347	52,956	66,989	39,293	37,278	37,734	38,284	22,035	22,269	19,887	21,451	25,987	25,458	26,127	55,972	-11,145	-5,402	25,217	66,249	64,616	65,027	64,458	83,863	78,459	80,386	82,633	84,668	83,434	86,099	89,067	89,030	95,551	103,503	106,635	50,090	91,144	90,116	502,743	22,194	480,651	417,626	79,154	350,315	68,349	66,635	67,804	41,766	43,835	43,103	38,767	35,507	465,821	356,874	34,018	34,905	29,733	30,080	30,237	31,088	30,452	31,437	31,354	31,136	34,070	40,546	43,175	97,789	29,611	105,092	105,108	0	0
Noncontrolling Interest In Consolidated Entity	0	0	152,652	152,493	153,404	145,771	146,667	144,180	143,462	138,971	134,772	133,271	135,452	132,061	128,414	124,586	0	124,055	122,080	122,646	125,259	124,001	123,089	84,500	84,322	77,462	84,325	88,843	91,582	95,913	90,379	92,678	93,873	95,402	97,955	11,830	11,823	11,722	12,788	12,725	12,371	12,338	12,305	11,898	7,096	7,179	7,762	7,844	7,926	8,009	8,058	8,175	6,095	4,555	4,613	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	210,539	208,468	192,886	201,127	172,835	178,903	178,919	222,365	210,894	181,631	172,173	791,800	147,438	154,036	156,416	187,618	153,855	152,730	129,708	146,659	139,350	127,620	150,431	273,985	199,609	187,973	176,816	125,652	127,739	89,263	89,514	109,738	104,661	109,190	110,479	113,323	116,867	122,193	128,383	128,930	149,968	158,617	197,044	194,981	132,668	133,304	132,755	133,450	140,597	139,488	139,552	142,573	115,294	141,793	143,275	142,458	136,624	136,035	131,755	127,325	126,734	126,942	128,205	128,681	116,123	120,394	123,256	124,346	122,523	123,050	123,249	131,427	134,931	140,431	145,316	149,763	146,830	154,850	0	99,679	29,638
Other Current Assets	41,595	56,073	47,328	45,474	160,375	135,260	133,839	153,335	35,920	29,320	20,220	22,613	15,354	9,696	10,948	11,456	12,667	12,116	9,225	18,224	51,441	44,452	39,836	42,274	40,269	41,727	41,151	40,482	45,867	38,940	44,334	35,135	33,334	34,011	31,055	29,566	34,884	36,879	38,156	33,728	29,654	36,724	35,839	30,151	34,144	7,704	124,519	97,323	96,035	86,345	52,555	3,531	39,912	771	12,633	3,112	14,640	23,955	14,622	12,849	19,225	5,333	668	40,580	38,027	65,540	82,063	1,067	1,459	54,008	45,769	46,753	41,651	44,226	3,457	24,567	7,054	1,784	39,136	53,091	2,091	1,853
Other Current Liab	73,055	500,440	378,828	172,751	71,872	159,637	144,522	164,752	68,022	127,432	108,408	154,177	76,984	6,174	6,167	6,143	72,305	9,444	13,461	10,679	56,845	350,523	389,115	408,634	88,330	58,461	205,895	340,700	42,765	136,919	109,174	57,516	48,058	975	975	975	974	123,721	107,985	97,637	36,268	20,428	20,428	20,392	57,498	32,546	25,272	52,802	83,965	54,207	33,593	15,376	46,894	4,771	11,546	7,681	27,317	5,494	14,584	30,245	17,709	-20,751	-42,986	-43,552	43,805	-76,869	5,269	82,250	112,481	-46,168	-49,045	-47,817	10,994	-57,780	-59,869	6,076	45,669	20,127	8,455	6,301	23,794	12,348
Other Liab	0	338,903	0	359,039	370,093	313,181	316,128	0	572,910	281,548	282,630	286,262	289,859	305,616	315,457	314,017	312,210	332,383	272,005	262,107	264,974	265,369	256,476	220,653	172,148	169,489	175,976	186,695	189,284	145,408	132,066	132,483	130,204	136,489	138,749	150,263	153,206	157,075	166,493	172,501	175,480	187,151	191,624	198,790	172,128	176,941	181,409	186,505	190,183	194,491	200,631	205,493	188,852	188,901	184,640	186,352	186,972	216,661	217,914	219,083	108,930	114,124	114,030	112,129	109,743	107,708	110,396	112,554	109,093	105,773	105,472	105,094	105,748	94,052	94,309	23,741	23,183	20,011	19,583	0	17,199	11,083
Other Stockholder Equity	1,596,805	1,592,613	1,591,334	1,542,481	1,241,108	1,238,094	1,235,278	1,274,838	1,271,925	1,269,568	1,267,451	1,257,908	1,262,446	920,707	917,482	915,477	913,496	910,803	906,630	903,767	901,564	895,774	892,304	890,576	889,464	896,371	875,658	871,100	869,731	860,352	856,989	854,411	849,556	847,154	845,654	771,620	742,338	740,941	739,169	737,186	1,336,847	736,652	734,564	733,292	731,791	730,280	2,208,700	726,921	725,341	723,639	722,251	720,769	716,775	714,092	712,793	710,315	708,976	706,909	704,795	702,095	700,918	699,483	698,262	547,521	513,497	356,654	355,622	354,515	353,703	260,439	259,903	123,643	123,404	123,649	123,953	182,608	182,267	466,598	60,627	43,719	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,098,333	0	0	0	0	0	0	0	0	0	0	0	706,519	702,198	923,154	924,211	916,037	906,644	948,105	947,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	5,726,467	3,752,462	3,578,441	3,474,229	3,413,872	3,330,755	0	0	0	0	2,175,637	2,644,100	2,606,342	2,529,055	2,463,079	2,426,635	2,379,536	2,390,866	2,344,286	2,303,752	2,221,268	2,187,227	2,157,005	2,069,123	2,028,232	1,971,884	1,935,424	1,894,323	1,863,087	1,842,160	1,803,514	1,791,055	1,808,170	1,810,940	1,797,935	1,765,794	1,734,359	1,727,665	1,715,913	1,713,351	1,741,163	1,719,268	1,710,798	1,646,711	1,622,899	1,491,411	1,560,127	1,505,543	1,518,532	1,422,450	1,417,931	1,426,485	1,425,467	1,630,644	1,609,665	1,560,259	1,517,288	1,485,521	1,441,502	1,398,533	1,344,687	825,069	820,018	1,062,152	977,760	904,183	848,378	818,638	793,164	758,908	727,175	696,839	620,091	593,898	559,978	538,098	527,003	513,086	513,962	436,620	0	0
Property Plant And Equipment Net	3,841,483	3,752,462	3,578,441	3,474,229	3,413,872	3,330,755	3,225,350	3,138,795	3,042,227	2,941,077	2,734,669	2,644,100	2,606,341	2,529,055	2,463,079	2,426,635	2,379,536	2,390,866	2,344,286	2,303,752	2,221,268	2,187,227	2,157,005	2,069,123	2,028,233	1,971,884	1,935,424	1,894,323	1,863,087	1,842,160	1,803,514	1,791,055	1,808,170	1,810,940	1,797,935	1,765,794	1,734,359	1,727,665	1,715,913	1,713,351	1,741,163	1,719,268	1,710,798	1,646,711	1,622,899	1,859,173	1,885,333	1,505,543	1,518,532	1,422,450	1,417,931	1,723,415	1,425,467	1,630,644	1,609,665	1,560,259	1,517,288	1,485,521	1,441,502	1,398,533	1,344,687	825,069	820,018	1,062,152	977,760	904,183	848,378	818,638	793,164	758,908	727,175	696,839	620,091	593,898	559,978	538,098	527,003	513,086	513,962	436,620	0	0
Property Plant Equipment	0	3,752,462	714,850	905,505	3,413,872	795,891	3,225,350	3,138,795	3,042,227	2,941,077	2,734,669	2,644,100	479,315	463,073	2,463,079	413,789	2,359,712	2,390,866	1,963,086	1,962,580	1,959,578	1,835,939	1,840,558	1,723,560	1,734,691	1,621,012	1,526,485	1,542,687	1,556,378	271,853	1,562,315	1,791,055	1,808,170	1,810,940	1,797,935	1,765,794	1,734,359	1,727,665	1,715,913	1,713,351	1,741,163	1,719,268	1,710,798	1,646,711	1,622,899	1,859,173	1,885,333	1,919,541	1,889,083	1,821,452	1,755,900	1,723,415	1,696,101	1,630,644	1,609,665	1,560,259	1,517,288	1,485,521	1,441,502	1,398,533	1,344,687	1,254,729	1,140,267	1,062,152	977,400	904,183	848,378	818,638	793,164	758,908	727,175	696,839	620,091	593,898	559,978	538,098	527,003	513,086	513,962	0	379,133	180,118
Retained Earnings	719,894	691,391	663,166	646,204	623,907	612,832	601,441	596,912	585,209	573,408	565,222	558,644	550,103	534,984	524,864	507,537	487,873	480,879	470,880	442,531	422,222	410,870	405,353	410,758	313,875	289,561	274,566	243,508	216,644	191,627	183,018	162,195	148,396	128,352	59,155	47,673	41,539	36,835	22,597	15,737	-6,722	-13,066	-24,200	-39,717	-38,372	184,649	187,048	180,226	172,331	215,411	216,362	210,046	221,311	219,122	189,627	193,333	196,950	191,210	170,409	155,875	144,465	135,037	121,393	111,503	103,545	96,713	82,851	76,211	85,053	82,256	69,741	62,769	55,824	61,914	50,549	47,402	44,441	38,445	46,551	37,322	30,036	20,937
Retained Earnings Total Equity	0	0	663,166	646,204	623,907	612,832	601,441	596,912	585,209	573,408	565,222	558,644	550,103	534,984	524,864	507,537	0	480,879	470,880	442,531	422,222	410,870	405,353	410,758	327,255	266,534	246,760	243,508	216,644	191,627	183,018	162,195	148,396	128,352	59,155	47,673	41,539	36,835	22,597	15,737	-3,088	-13,066	-24,200	-39,717	-37,735	184,649	187,048	180,226	172,331	215,411	216,362	210,046	221,311	219,122	189,627	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	299,183	297,311	185,462	189,625	181,774	194,206	191,629	403,407	386,376	374,255	118,252	87,371	78,614	77,973	243,289	414,372	226,053	200,100	133,992	133,594	68,180	59,754	62,953	52,702	57,808	50,206	937,646	94,378	65,971	61,917	62,722	71,641	62,654	0	0	0	71,479	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	2,115,152	1,999,172	2,031,044	2,104,372	2,052,713	2,036,970	2,080,329	1,889,414	1,934,573	1,952,659	1,444,334	1,452,609	1,483,919	1,482,629	1,381,113	1,441,739	1,269,012	1,270,402	1,292,174	1,285,590	1,267,913	1,228,885	1,191,130	984,327	913,602	906,478	937,646	956,101	938,844	818,000	871,182	899,412	920,465	951,710	920,914	1,001,139	1,001,410	1,040,245	1,035,967	1,039,193	1,077,857	1,075,094	1,050,824	1,072,594	1,030,928	719,466	747,301	1,014,033	1,004,467	886,312	823,268	825,691	776,659	720,839	699,781	653,662	634,460	572,586	527,686	464,645	412,851	303,891	315,077	339,456	348,672	466,263	393,359	406,044	429,850	497,594	500,006	521,587	541,700	545,069	546,142	556,356	556,324	610,008	636,152	578,080	0	0
Short Term Debt	303,825	301,905	189,843	193,558	185,702	198,357	195,884	408,275	391,722	391,011	124,369	93,477	84,705	84,147	249,456	420,515	231,864	209,544	147,453	144,273	227,180	269,254	221,553	91,202	109,308	84,106	94,776	94,378	65,971	61,917	62,722	71,641	62,654	71,920	68,179	102,342	91,779	73,322	118,009	114,191	80,389	77,222	86,542	73,662	68,333	60,108	66,784	35,859	35,011	34,107	34,926	50,432	36,010	48,511	48,992	59,396	62,259	42,791	38,186	31,601	43,377	28,234	28,139	33,558	34,142	70,461	46,640	34,961	49,536	33,425	33,594	32,808	63,641	57,382	55,416	48,045	38,746	44,847	55,028	53,395	0	0
Short Term Investments	0	0	0	0	0	0	0	42,927	43,343	45,479	45,960	27,735	98,217	91,277	0	0	0	0	0	0	0	83,101	76,041	50,332	48,825	42,559	49,510	59,879	34,262	50,525	38,005	64,129	49,503	70,523	104,870	115,530	93,248	127,452	54,077	74,406	51,065	84,197	85,512	124,887	76,537	3,008	5,221	15,719	18,521	21,189	23,097	24,149	23,309	64,332	33,214	52,266	40,955	60,846	35,255	41,673	24,439	48,284	33,156	33,096	13,489	8,640	48,098	52,434	96,486	60,018	83,823	9,070	43,560	54,447	57,756	29,045	89,166	27,068	37,145	0	16,371	8,010
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	1,098,333	0	0	0	0	0	0	0	0	0	0	0	706,519	702,198	923,154	924,211	916,037	906,644	948,105	947,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	5,208,279	5,010,812	5,010,644	5,015,270	4,611,579	4,524,531	4,541,976	4,414,189	4,425,678	4,359,366	3,818,550	3,859,213	3,888,987	3,520,947	3,418,377	3,445,613	3,250,494	3,259,493	3,193,781	3,143,214	3,121,350	3,059,583	2,994,149	2,710,817	2,566,527	2,503,738	2,510,633	2,499,888	2,461,569	2,279,271	2,273,013	2,260,134	2,293,044	2,286,333	2,276,550	2,183,333	2,121,556	2,171,913	2,144,929	2,134,347	2,159,433	2,168,335	2,137,900	2,143,568	2,041,899	2,258,363	2,294,100	2,327,769	2,314,718	2,210,721	2,110,813	2,093,947	2,043,328	1,964,709	1,940,759	1,896,700	1,855,001	1,831,482	1,772,757	1,728,194	1,637,691	1,579,434	1,530,495	1,338,286	1,274,909	1,187,983	1,197,603	1,138,517	1,160,102	1,077,197	1,053,304	942,953	914,480	925,116	894,624	828,395	850,088	774,023	778,183	697,884	543,138	287,378
Total Current Assets	646,003	515,657	685,981	810,987	456,717	474,975	585,608	507,989	601,932	635,439	587,989	724,935	779,154	532,591	517,069	584,286	415,664	432,310	412,351	421,621	473,064	421,774	395,634	322,130	321,646	332,245	387,236	428,749	472,830	309,372	380,236	379,565	375,136	370,732	369,425	307,060	273,874	327,381	306,823	292,613	289,340	299,099	268,485	299,813	276,838	266,522	275,463	275,473	292,185	248,672	215,425	230,980	204,654	218,771	189,301	193,166	195,255	209,337	195,220	197,906	165,679	197,971	263,286	147,929	168,828	167,677	228,831	196,623	242,592	195,766	203,079	122,865	162,962	196,287	194,215	144,981	173,322	114,107	109,371	120,171	0	0
Total Current Liabilities	537,012	540,034	383,209	390,960	343,910	372,028	353,113	583,991	544,156	534,272	246,229	254,234	248,647	236,303	404,646	567,319	376,476	352,723	276,594	268,090	361,944	396,365	341,031	205,211	283,345	193,456	214,177	207,491	189,251	201,905	193,145	185,045	188,501	180,737	217,366	244,854	205,753	197,043	225,994	211,828	186,339	194,109	208,591	194,209	191,742	189,170	198,320	187,654	193,770	187,676	145,126	142,551	137,722	139,696	150,876	154,588	139,603	135,542	141,787	171,749	162,383	197,963	163,196	175,687	146,491	144,921	214,941	206,751	208,163	135,437	118,610	129,436	126,346	131,360	116,079	105,304	122,981	103,134	98,247	95,932	61,649	157,475
Total Liab	2,756,693	2,595,832	2,593,594	2,668,880	2,581,014	2,523,822	2,553,686	2,389,932	2,417,888	2,387,010	1,858,695	1,909,334	1,947,550	1,949,144	1,861,566	1,911,962	1,735,084	1,754,705	1,702,140	1,680,219	1,676,254	1,629,887	1,575,352	1,325,932	1,283,815	1,246,293	1,283,034	1,303,387	1,291,562	1,143,329	1,155,578	1,161,801	1,209,170	1,228,376	1,282,737	1,364,161	1,334,810	1,388,369	1,374,329	1,368,653	1,414,322	1,431,365	1,414,185	1,437,049	1,340,338	1,335,209	1,369,889	1,411,732	1,408,074	1,262,616	1,163,096	1,153,911	1,098,101	1,025,894	1,033,680	987,336	943,306	926,522	890,632	862,227	674,018	622,529	586,489	615,043	591,444	664,881	687,997	705,689	719,244	732,403	716,252	748,712	732,157	738,458	721,027	657,115	682,110	708,681	714,882	653,544	504,050	257,009
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,429,696	1,418,797	1,384,885	1,320,459	1,257,445	1,227,599	1,196,501	1,170,007	1,135,942	1,117,435	1,098,333	0	0	0	0	0	0	0	0	0	0	0	706,519	702,198	923,154	924,211	916,037	906,644	948,105	947,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	2,315,427	2,278,834	2,254,390	2,184,536	1,867,571	1,846,505	1,832,627	1,870,669	1,854,999	1,833,385	1,825,083	1,816,608	1,805,985	1,439,742	1,428,397	1,409,065	1,392,420	1,380,733	1,369,561	1,340,349	1,319,837	1,305,695	1,295,708	1,300,385	1,198,390	1,179,983	1,143,274	1,107,658	1,078,425	1,040,029	1,027,056	1,005,655	990,001	962,555	895,858	807,342	774,923	771,822	757,812	752,969	732,740	724,632	711,410	694,621	694,465	915,975	916,449	908,193	898,718	940,096	939,659	931,861	939,132	934,260	902,466	904,694	906,972	898,165	875,250	859,015	846,428	836,565	820,700	660,066	618,083	455,405	440,511	432,764	440,794	344,730	331,679	189,443	182,259	186,594	173,533	171,216	167,914	65,274	63,232	44,271	36,975	27,837
Treasury Stock	0	0	0	0	-17,964	-17,964	-17,964	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,098,333	0	0	0	0	0	0	0	0	0	0	0	-706,519	-702,198	-923,154	-924,211	-916,037	-906,644	-948,105	-947,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	10,008	9,361	9,590	8,433	8,996	9,408	9,329	9,542	9,871	9,706	9,830	8,743	9,806	9,402	0	8,741	8,820	8,705	8,603	0	0	0	0	0	5,898	5,195	4,772	4,972	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Begin Period Cash Flow	226,676	343,444	536,778	153,110	177,495	96,643	230,214	185,919	40,230	57,354	66,628	99,886	82,815	46,307	34,393	47,227	20,254	26,976	36,750	8,873	36,684	13,202
Capital Expenditures	618,383	563,476	419,272	320,738	279,986	258,521	260,102	151,930	152,950	151,153	204,628	233,020	271,463	284,785	270,623	416,606	217,508	159,497	116,749	38,122	25,296	22,710
Cash And Cash Equivalents Changes	0	-116,159	-193,334	383,668	0	53,859	-182,396	44,295	145,689	-17,124	-9,274	-33,258	17,071	36,508	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-12,905	-18,585	-6,038	0	-27,056	-11,048	-20,511	2,579	1,337	600	-30,244	-8,740	-32,781	0	0	0	0	0	0	0	0
Change In Cash	61,094	-116,768	-193,334	383,668	-24,385	80,852	-182,396	44,295	145,689	-17,124	-9,274	-33,258	17,071	36,508	11,772	-12,834	26,973	-6,722	-9,774	27,877	-27,811	23,482
Change In Working Capital	-44,491	-21,981	-4,372	15,025	-31,948	-124,539	24,289	-68,723	-374	47,018	-58,376	-38,800	35,461	21,552	-13,910	3,598	-20,621	-3,948	83,478	5,082	11,956	-14,839
Change Receivables	0	-19,929	26,738	3,520	0	-29,928	-12,787	-60,358	3,806	-47,114	37,174	-9,270	4,159	1,170	0	0	0	0	0	0	0	0
Change To Account Receivables	-99,602	-19,929	26,738	3,520	-15,133	-29,928	-24,040	-33,280	-3,806	47,114	-37,174	-3,623	1,979	1,259	3,921	-6,327	-13,787	-2,502	-7,415	3,004	1,343	0
Change To Inventory	-22,205	5,613	4,127	178	5,500	-9,318	-1,070	6,297	-1,144	5,359	-1,620	-8,128	-3	2,948	-1,762	-3,412	-2,909	-2,179	822	-2,334	2,236	408
Change To Liabilities	0	-7,084	-25,093	-7,398	-6,909	-71,115	40,508	-1,113	-339	-9,638	6,077	6,953	35,730	8,957	0	13,521	0	12,094	7,171	5,099	5,266	0
Change To Netincome	0	33,435	8,609	13,093	28,876	38,421	-31,472	28,897	3,955	5,571	6,262	235,127	47,305	-1,444	0	0	0	0	0	0	0	0
Change To Operating Activities	0	1,556	-26,222	-5,545	-19,171	-25,545	-2,106	-11,025	-6,926	-6,062	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	230,961	198,792	182,972	156,612	148,761	132,233	115,146	105,977	107,206	100,798	92,932	102,340	96,398	86,761	61,691	57,443	47,796	40,753	34,575	37,108	16,619	14,477
Dividends Paid	28,412	27,143	26,986	22,471	22,386	26,834	20,511	25,682	12,716	9,555	3,636	3,636	5,924	12,264	11,347	8,912	8,556	5,218	6,294	2,500	6,355	0
End Period Cash Flow	287,770	226,676	343,444	536,778	153,110	177,495	47,818	230,214	185,919	40,230	57,354	66,628	99,886	82,815	46,165	34,393	47,227	20,254	26,976	36,750	8,873	36,684
Exchange Rate Changes	0	0	-348	1,154	0	-660	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-308,982	-282,502	-160,450	-55,733	-43,493	-112,699	-14,527	7,355	37,075	62,082	-117,868	-143,549	-138,729	-183,382	-159,851	-299,657	-158,783	-86,462	18,189	25,336	20,723	-11,165
Investments	-611,995	38,299	-50,199	-20,960	-10,674	3,800	46,318	-3,569	-3,569	-631	3,064	17,373	-18,206	16,779	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	341,671	297,121	311	339,471	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	198,873	-1,341	-92,348	-32,548	214,700	14,270	142,500	-85,955	-82,047	90,000	-2,920	79,316	163,925	0	0	0	0	0	0	0	0
Net Income	124,399	77,795	76,077	101,806	93,543	110,111	170,184	101,516	123,349	55,015	42,031	-206,016	-42,724	37,228	68,553	49,832	27,376	34,447	15,177	17,791	15,454	-1,044
Other Cashflows From Financing Activities	42,329	578,652	34,287	-3,960	1,682,866	4,332,790	1,089,025	698,136	780,790	2,954,798	3,165,558	3,150,177	1,148,393	1,317,434	1,366,676	94,626	-62,372	-53,071	-55,010	277,502	211,350	72,509
Other Cashflows From Investing Activities	0	1,771	-168,722	-44,271	36,122	10,427	14,563	-3,032	61,479	22,622	44,411	114,857	-53,119	62,714	0	4,580	18,698	0	0	0	0	3,518
Other Non Cash Items	-13,043	46,025	6,533	1,393	-3,907	4,169	104	8,494	10,012	2,960	4,995	239,478	-1,134	-41,376	-15,274	-5,213	5,341	1,605	3,890	-308	-69	7,068
Sale Purchase Of Stock	113,154	-17,964	275,000	1,668,662	2,429	3,174	4,332	44,102	145,306	-9,595	529	-15,383	24,878	-3,136	0	0	0	0	0	0	0	0
Stock Based Compensation	15,478	11,646	9,168	9,830	9,358	10,218	8,760	5,157	3,955	5,571	6,262	6,394	6,672	7,377	5,755	4,444	3,763	1,706	0	0	0	0
Total Cash From Financing Activities	412,479	126,273	186,385	503,478	-5,765	251,131	-59,850	43,541	46,635	-101,197	61,119	-21,939	225,339	138,925	187,036	269,286	84,559	169,390	-61,304	275,002	211,350	72,509
Total Cash From Operating Activities	309,401	280,974	258,822	265,005	236,493	145,822	245,575	159,285	190,025	213,235	86,760	89,471	132,734	101,403	110,772	116,949	58,725	73,035	134,938	63,458	46,019	11,545
Total Cashflows From Investing Activities	0	-523,406	-638,193	-385,969	-254,538	-342,434	-368,121	-158,531	-90,971	-129,162	-157,153	-100,790	-341,002	-203,820	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31
Begin Period Cash Flow	186,267	395,382	522,322	226,676	253,035	356,381	241,133	343,444	356,300	329,877	465,079	536,778	289,542	249,834	319,776	153,110	180,037	181,639	172,464	177,495	155,066	142,737	105,055	96,643	77,212	118,390	174,138	230,214	90,066	192,556	148,498	185,919	171,541	137,665	70,724	40,230	42,451	80,120	47,927	57,354	35,435	28,893	57,627	66,628	37,524	66,684	84,580	99,886	59,077	44,338	40,675	82,815	49,240	54,195	43,111	46,307	20,343	46,028	42,711	34,393	38,143	137,767	30,722	47,227	20,331	24,904	22,244	20,254	19,856	24,736	19,094	26,976	48,538	47,224	44,447	36,750	29,639	21,170	28,901	8,873	0	-	-	-	0
Capital Expenditures	169,592	182,078	159,836	106,877	155,098	144,939	126,193	137,246	130,849	80,535	119,992	87,896	88,954	80,530	70,879	80,375	89,456	75,650	63,577	51,303	57,864	61,532	72,163	66,962	81,824	62,263	63,130	52,885	43,979	40,172	36,748	31,031	35,362	31,446	43,756	42,386	28,566	33,462	40,795	48,330	59,991	42,618	52,458	49,561	46,688	56,453	64,449	65,430	90,692	71,157	54,562	55,052	88,984	56,630	62,679	76,492	58,341	64,669	73,818	73,795	118,035	120,666	96,285	81,620	71,321	75,684	39,275	31,228	44,639	34,843	40,313	39,702	29,444	38,532	29,614	19,159	21,594	9,913	3,841	2,774	25,296	0	0	0	22,710
Cash And Cash Equivalents Changes	0	0	-127,010	295,660	-26,429	-102,994	115,541	-102,277	-12,856	26,423	-135,202	-71,699	0	39,708	-69,942	166,666	0	-1,602	9,175	-5,031	22,429	12,329	10,689	8,412	-29,394	-41,178	-55,748	-56,076	140,148	-102,490	44,058	-37,421	14,378	33,876	66,941	30,494	-2,221	-37,669	32,193	-9,427	21,919	6,542	-28,734	-9,001	29,104	-29,160	-17,896	-15,306	40,809	14,739	3,663	-42,140	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Cash Flows Other Operating	0	0	-12,749	-7,982	4,844	-3,679	-5,288	-8,782	-9,620	-9,115	5,098	-4,948	0	-5,581	1,182	18,676	0	-27,429	9,851	4,717	-7,176	-5,613	-6,213	-8,054	-3,360	-3,711	-5,958	1,981	-8,360	4,085	-8,058	-8,178	19,036	-9,013	-3,997	-3,447	17,003	751	-6,490	-9,927	9,231	3,163	-7,459	-4,335	-10,388	-8,658	-9,086	-2,112	17	-1,055	-12,923	5,221	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Change In Cash	101,503	-209,115	-126,940	295,646	-26,359	-103,346	115,248	-102,311	-12,856	26,423	-135,202	-71,699	247,236	39,708	-69,942	166,666	-26,927	-1,602	9,175	-5,031	22,429	12,329	37,682	8,412	-29,394	-41,178	-55,748	-56,076	140,148	-102,490	44,058	-37,421	14,378	33,876	66,941	30,494	-2,221	-37,669	32,193	-9,427	21,919	6,542	-28,734	-9,001	29,104	-29,160	-17,896	-15,306	40,809	14,739	3,663	-42,140	33,575	-4,955	11,084	-3,196	25,964	-25,685	3,317	8,318	-3,750	-99,624	107,045	-16,505	26,896	-4,573	2,660	1,990	398	-4,880	5,642	-7,882	-21,562	1,314	2,777	7,697	7,111	8,469	-7,731	20,028	0	-	-	-	0
Change In Working Capital	11,398	-42,218	14,378	-28,049	-14,649	21,079	-34,830	6,419	26,954	-17,283	-21,197	7,154	-8,686	17,922	9,402	-3,613	-37,850	-12,986	13,377	5,511	-52,188	-9,645	-11,779	-50,927	53,900	-7,137	-23,753	1,279	-56,352	-12,803	35,292	-34,860	20,069	-47,346	-14,754	41,657	-4,610	31,796	-172	20,004	25,252	-31,536	-43,309	-8,783	10,266	-45,330	-7,091	3,355	21,628	26,911	-10,119	-2,959	9,581	-9,408	-8,175	29,554	16,607	-19,854	-19,144	8,481	-4,498	5,002	-8,219	11,313	-4,166	-3,988	-18,256	5,789	5,351	-2,253	-11,410	4,364	71,755	2,125	-754	10,352	12,490	-4,684	-12,974	10,250	0	-	-	-	0
Change Receivables	0	0	-2,977	-26,626	-23,546	4,263	-5,773	5,127	26,511	-9,699	1,070	8,856	0	19,078	177	-25,008	0	-2,260	3,319	-1,119	-13,358	-13,919	-12,239	9,588	-12,090	7,631	-23,068	14,740	-33,742	-26,271	26,357	-26,702	-6,649	2,530	-6,241	14,166	-75,171	12,799	-21,288	36,546	86,943	-25,311	-34,507	10,049	24,210	-37,705	-209	4,434	-1,025	16,920	2,660	-14,396	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Change To Account Receivables	-41,436	-19,202	-2,977	-26,626	-23,546	4,263	-5,773	5,127	26,511	-9,699	1,070	8,856	9,273	19,078	177	-25,008	-15,073	-2,260	3,319	-1,119	-20,224	-12,681	-6,800	9,777	-13,232	-10,183	-19,717	19,092	-19,569	-3,505	11,719	-21,925	-927	9,896	-6,574	-6,201	25,490	1,665	-23,159	43,118	-13,993	-5,433	-28,319	10,571	-3,623	0	10,310	9,086	1,979	2,556	0	-14,367	1,259	0	4,160	1,155	3,921	0	0	-1,711	-6,327	0	0	-3,323	-13,787	0	0	538	-2,502	0	0	-352	-7,415	0	0	-3,133	3,004	0	0	0	1,343	-	-	-	0
Change To Inventory	-193	-6,944	7,547	-22,615	6,973	2,408	675	-4,443	5,941	-8,609	9,882	-3,087	-387	4,548	-4,825	842	1,720	-444	2,206	2,018	-7,590	-747	-478	-503	-861	-106	5,697	-5,800	958	3,955	105	1,279	-1,479	-194	885	-356	407	955	4,379	-382	-1,893	-2,490	352	2,411	-2,883	333	-919	-4,659	5,358	-3,491	146	-2,016	2,077	560	4,839	-4,528	-1,293	416	-1,885	1,000	-1,528	1,195	-207	-2,872	148	-789	-1,099	-1,169	-1,523	-763	1,074	-967	17	3,900	-2,620	-475	4,854	-3,444	-3,171	-573	314	-	-	-	408
Change To Liabilities	0	-278	13,873	21,551	-1,361	12,788	-30,555	12,044	7,469	6,266	-40,742	3,212	-4,494	-8,097	10,166	-293	-8,747	15,403	-2,347	-4,481	-21,235	9,633	-1,444	-58,069	69,808	-12,785	-2,538	-13,977	-16,250	4,584	15,287	-4,734	27,505	-47,017	-8,077	27,250	-33,793	14,701	20,159	-10,705	38,199	-8,941	-5,140	-18,041	-887	925	2,092	4,823	13,249	14,014	-315	8,782	9,695	5,571	9,376	15,315	0	355	0	1,100	13,521	20,428	1,938	5,580	0	0	0	3,781	12,094	4,316	0	6,751	7,171	15,652	7,154	15,235	5,099	9,002	4,771	0	5,266	-	-	-	0
Change To Netincome	0	-12,533	-11,963	3,974	14,915	3,569	9,252	5,699	11,818	-3,536	-6,304	4,007	-27,750	9,903	3,948	17,909	22,158	6,325	-7,686	10,620	32,412	1,768	32,101	-27,860	-76,489	7,057	30,019	7,941	-856	11,996	9,162	8,595	26,040	-37,273	5,184	10,004	-10,115	3,567	4,407	7,712	-12,724	8,045	3,677	7,264	213,065	10,188	4,919	6,955	32,972	8,637	4,342	1,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Change To Operating Activities	0	-11,814	-11,814	-11,814	7,180	2,573	-964	-7,233	-6,933	-13,259	1,554	-7,584	-6,657	-1,750	1,901	961	-20,510	-6,815	8,745	-591	-20,029	-4,730	416	-1,202	-2,106	-4,355	-1,044	6,316	-11,025	4,929	-9,432	-1,728	-6,926	0	0	0	-6,062	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	59,331	57,488	54,256	53,161	51,334	50,453	48,897	48,108	48,605	48,828	43,439	42,100	40,940	40,813	37,907	36,952	37,433	37,997	36,430	36,901	33,862	34,791	33,027	30,553	34,136	26,928	27,023	27,059	28,412	26,307	25,077	26,181	26,743	27,904	26,920	25,639	25,962	26,017	25,402	23,417	22,021	25,027	22,747	23,137	26,528	26,055	25,013	24,744	25,137	23,256	24,635	23,370	22,300	24,132	19,880	20,449	12,897	17,601	15,061	16,132	15,139	15,806	13,235	13,263	12,507	12,094	11,854	11,341	10,887	10,446	9,980	9,440	8,049	8,262	8,764	9,500	11,224	11,626	5,116	9,142	0	-	-	-	0
Dividends Paid	7,223	7,228	7,229	6,732	6,966	6,719	6,731	6,727	7,104	6,716	6,448	6,718	5,579	5,559	5,719	5,614	5,612	5,606	5,589	5,579	5,068	5,064	5,062	11,640	3,899	4,186	3,978	8,448	3,213	3,471	3,526	15,472	2,944	2,942	2,932	3,898	2,276	2,276	2,276	2,727	1,820	1,816	3,207	3,783	10,991	1,817	1,819	4,229	3,270	1,817	1,817	2,290	2,269	2,271	2,269	5,455	2,725	2,725	2,722	3,175	2,268	2,267	2,271	2,106	2,076	1,900	1,907	2,673	1,424	1,424	2,370	947	947	953	1,894	2,500	2,500	4,743	57	0	6,355	-	-	-	0
End Period Cash Flow	287,770	186,267	395,382	522,322	226,676	253,035	356,381	241,133	343,444	356,300	329,877	465,079	536,778	289,542	249,834	319,776	153,110	180,037	181,639	172,464	177,495	155,066	142,737	105,055	47,818	77,212	118,390	174,138	230,214	90,066	192,556	148,498	185,919	171,541	137,665	70,724	40,230	42,451	80,120	47,927	57,354	35,435	28,893	57,627	66,628	37,524	66,684	84,580	99,886	59,077	44,338	40,675	82,815	49,240	54,195	43,111	46,307	20,343	46,028	42,711	34,393	38,143	137,767	30,722	47,227	20,331	24,904	22,244	20,254	19,856	24,736	19,094	26,976	48,538	47,224	44,447	36,750	29,639	21,170	28,901	8,873	-	-	-	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	-12	-79	85	-342	0	545	340	-365	0	-1,111	344	-485	-660	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-30,447	-142,327	-85,787	-50,421	-80,371	-53,982	-92,679	-55,470	-16,818	-34,588	-90,072	-18,972	-62,839	4,006	3,719	-619	-54,415	-30,277	15,065	26,134	-15,198	-25,426	-24,882	-47,193	-2,782	-9,888	-20,435	18,578	-42,721	-1,718	55,781	-3,987	31,698	-21,207	-14,177	40,761	5,899	41,729	-5,292	19,746	-5,457	-30,342	-50,724	-31,345	-19,601	-66,148	-34,244	-23,556	-56,472	-12,149	-28,122	-41,986	-67,225	-35,920	-51,985	-28,252	-25,265	-42,305	-61,020	-31,261	-90,983	-80,393	-80,477	-47,804	-56,064	-46,898	-33,021	-22,800	-26,832	-8,542	-35,241	-15,847	43,942	-12,180	-16,938	3,365	2,988	6,303	-3,677	19,722	20,723	-	-	-	-11,076
Investments	-170,177	-1,499	-3,866	-4,235	-153,829	-156	40,514	-2,059	1,764	-3,987	-18,216	-29,760	-92,999	-7,035	-7,401	-358	-61,527	-3,096	-63,224	-50,944	7,600	0	-2,525	-1,275	84,185	-10,455	-12,494	-14,918	-3,569	-18,135	-18,135	-18,135	-3,569	0	0	0	-631	0	0	-631	-2,168	-1,543	6,973	-198	2,878	1,538	10,300	2,657	2,386	1,797	576	-22,965	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Issuance Of Capital Stock	0	8	44,542	297,121	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-26,313	-73,623	-43,671	-84,336	-39,942	362,485	-39,334	1,106	-2,215	-20,702	-230	-20,463	-105,515	-175,204	187,809	5,434	-99,401	9,415	-23,580	114,700	36,572	30,707	69,293	55,990	-34,812	-22,359	15,451	-9,665	186,482	-30,094	-4,223	-31,447	29,483	-81,638	-2,353	-38,818	797	-5,430	-38,596	45,034	24,000	-21,647	42,613	53,588	-27,571	-38,319	9,382	-28,433	63,727	11,276	32,746	0	0	0	0	0	0	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	35,726	36,332	24,511	33,461	20,231	19,826	14,945	22,793	22,273	20,780	15,195	17,829	23,532	23,098	25,270	29,906	14,127	15,089	36,197	28,130	23,089	10,107	2,659	74,256	69,427	22,780	38,242	39,735	31,232	14,406	24,933	30,945	24,148	73,661	15,273	10,267	7,143	16,770	9,313	21,789	8,355	13,143	22,430	-1,897	-222,248	-515	8,722	8,025	-43,000	1,003	8,238	-8,965	4,536	32,401	-1,494	1,785	14,627	23,446	15,974	14,506	11,696	15,911	12,161	10,064	8,908	15,762	8,547	-5,841	4,221	13,939	8,395	7,892	-5,143	12,318	4,094	3,908	4,749	6,763	3,542	2,737	5,815	4,025	3,832	1,782	0
Other Cashflows From Financing Activities	42,329	-31,986	-1,854	103,376	91,818	-3,240	470,218	1,892	38,093	270,965	-1,019	963	57	281,360	507,810	875,475	138,410	121,936	418,656	1,003,864	1,385,836	1,028,475	959,239	959,240	397,710	269,338	378,517	43,460	246,333	324,566	79,279	47,958	-4,136	34,812	261,518	488,596	428,074	789,784	850,605	886,335	928,990	812,289	753,719	670,560	1,027,287	1,047,903	896,941	178,046	613,233	212,952	114,466	207,742	657,860	527,526	84,870	47,178	304,486	357,225	616,214	88,751	-116,192	181,334	38,700	-9,216	-83,870	-11,563	56,853	-23,792	-17,045	-1,998	110,570	-10,968	-78,114	6,527	58,978	-42,401	71,658	-16,922	73,788	148,978	0	-	-	-	3,424
Other Cashflows From Investing Activities	0	-9,375	-63	-65	1,269	554	-25	-27	837	-170,911	1,170	182	2,197	-46,378	73	-87	35,507	-97	353	359	97,520	6,172	-93,468	203	60,856	4,385	10,257	-60,935	14,206	38,051	-10,669	-44,620	20,429	34,341	11,580	-4,871	34,839	-72,961	47,106	13,638	33,204	19,132	40,560	-48,485	-3,369	68,332	49,454	440	-16,296	-33,085	26,169	-29,907	146,825	103,418	26,922	8,276	0	0	0	0	4,580	0	0	0	18,698	0	0	6,898	0	0	3,744	719	0	0	0	0	0	0	0	0	0	-	-	-	3,518
Other Non Cash Items	5,924	4,218	-289	2,015	32,529	1,397	8,963	3,136	4,645	-158	-902	2,948	-104	2,079	-2,151	1,569	1,241	-1,524	-1,291	-2,333	6,268	-153	-1,704	-242	1,036	1,646	-1,404	-1,174	4,025	1,890	2,065	514	1,265	3,123	856	4,768	6,431	-2,505	-786	-180	7,488	869	-7,528	4,166	230,803	7,747	1,295	-367	-11,083	7,099	3,102	-252	-1,542	-39,164	3,438	-4,108	-6,433	-3,815	-4,138	-888	-2,381	4,757	1,759	-2,853	-2,420	1,524	1,737	-244	-92	340	509	102	4,028	305	765	-1,208	-1,850	-1,713	3,941	-686	0	-	-	-	0
Sale Purchase Of Stock	204,672	35,000	43,943	301,504	17,964	-2,079	-17,964	2,168	285	-1,817	-1,017	1,193	339,471	-5,573	925	2,991	2,429	486	-3,369	-1,113	0	-960	4,674	-540	-14,067	-2,435	-13,203	-5,396	34,880	-3,742	-4,182	-150	-17,721	646	158,023	4,358	-11,080	-1,141	392	2,234	-31,284	-2,889	-3,896	28,414	-15,383	0	0	0	0	-3,734	-4,419	24,878	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Stock Based Compensation	4,243	3,934	4,311	2,990	3,017	2,816	2,999	2,814	2,328	2,120	2,623	2,097	2,770	2,807	2,264	1,989	2,127	2,228	2,643	2,360	2,836	3,559	2,116	1,707	1,556	1,861	3,630	1,713	1,774	1,724	817	842	878	921	1,029	1,127	1,263	1,502	1,366	1,440	1,714	1,691	1,314	1,543	1,557	1,710	1,470	1,657	1,672	1,552	1,721	1,727	2,740	1,667	1,554	1,416	1,502	1,525	1,466	1,262	4,444	-3,462	-4,092	1,059	3,763	2,375	1,810	559	1,706	535	0	211	0	0	0	0	0	0	0	0	0	-	-	-	0
Total Cash From Financing Activities	137,729	-65,519	-37,294	350,381	52,673	-49,410	167,731	-44,721	1,373	235,988	-28,169	-22,807	313,486	88,570	-66,673	168,095	-1,118	32,979	-6,587	-31,039	31,307	31,583	131,564	56,677	-1,885	-26,088	-33,076	1,199	172,232	-71,044	-37,802	-19,845	-38,249	20,742	69,538	-5,396	-42,959	-6,437	-9,621	-42,180	-3,660	19,295	-25,543	71,027	49,196	-32,882	-43,406	5,153	109,405	58,176	5,040	52,718	62,616	18,341	44,423	13,545	30,117	42,400	57,533	56,986	64,565	-3,572	186,300	21,993	69,138	-13,429	55,013	-26,163	74,157	-3,422	110,570	-11,915	-79,061	5,574	57,084	-44,901	69,158	-16,922	73,788	148,978	211,350	-	-	-	72,420
Total Cash From Operating Activities	139,145	39,751	74,049	56,456	74,727	90,957	33,514	81,776	114,031	45,947	29,920	68,924	26,115	84,536	74,598	79,756	35,041	45,373	78,642	77,437	42,666	36,106	47,281	19,769	79,042	52,375	42,695	71,463	1,258	38,454	92,529	27,044	67,060	10,239	29,579	83,147	34,465	75,191	35,503	68,076	54,534	12,276	1,734	18,216	27,087	-9,695	30,205	41,874	34,220	59,008	26,440	13,066	21,759	20,710	10,694	48,240	33,076	22,364	12,798	42,534	27,052	40,273	15,808	33,816	15,257	28,786	6,254	8,428	17,807	26,301	5,072	23,855	73,386	26,352	12,676	22,524	24,582	16,216	164	22,496	46,019	-	-	-	11,634
Total Cashflows From Investing Activities	0	-458,166	-163,765	-111,177	-153,829	-144,541	-85,704	-139,332	-128,248	-255,433	-137,038	-117,474	-92,999	-133,943	-78,207	-80,820	-61,527	-78,843	-63,224	-50,944	-50,884	-55,360	-168,156	-68,034	-106,551	-67,465	-65,367	-128,738	-33,342	-69,900	-10,669	-44,620	-14,433	2,895	-32,176	-47,257	6,273	-106,423	6,311	-35,323	-28,955	-25,029	-4,925	-98,244	-47,179	13,417	-4,695	-62,333	-102,816	-102,445	-27,817	-107,924	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	19,725	0	0	0	0	0	0	0	30,074	0	0	0	0	0	-	-	-	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Cost Of Revenue	565,406	465,335	398,746	429,067	476,721	448,832	424,360	391,796	376,365	355,773	373,421	379,980	320,109	295,603	292,606	242,808	216,734	175,571	148,851	136,078	76,220	50,775	29,990
Depreciation And Amortization	230,961	198,792	182,972	156,612	148,761	132,233	115,146	105,977	107,206	100,798	92,932	102,340	96,398	86,761	61,691	57,443	47,796	40,753	34,575	37,108	16,619	14,477	11,979
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	14	0	0	0	0	0	0	0	0	-
Ebit	171,552	24,080	17,709	65,513	68,302	94,223	108,868	111,051	82,171	83,342	30,989	-6,491	-30,964	-22,872	10,088	80,142	49,970	61,938	63,836	60,235	25,342	19,355	4,217
Ebitda	402,513	222,872	200,681	222,125	217,063	226,456	224,014	217,028	189,377	184,140	123,921	95,849	65,434	63,889	71,779	137,585	97,766	102,691	98,411	97,343	41,961	33,832	16,196
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	-
Extraordinary Items	0	0	0	0	0	-64,200	-49,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	264,018	268,824	264,338	276,275	269,323	270,435	268,452	270,795	218,279	203,751	159,818	134,428	116,900	77,627	122,638	102,025	79,185	93,366	89,141	83,152	43,220	34,854	17,925
Income Before Tax	139,085	95,609	103,551	168,717	137,303	137,181	170,730	141,088	113,599	85,836	51,136	-206,994	6,770	30,782	83,341	44,903	20,574	37,517	12,973	20,941	18,165	14,649	1,978
Income Tax Expense	5,983	14,742	24,850	67,003	45,613	34,733	-1,411	31,837	-15,258	27,608	13,552	-2,863	48,535	-1,098	16,924	7,962	1,822	6,403	4,690	6,609	2,506	6,135	3,065
Interest Expense	116,142	87,743	82,658	77,953	80,384	70,924	54,142	67,389	72,577	84,654	73,776	64,069	69,459	40,473	16,241	0	0	30,961	55,317	42,785	8,055	0	0
Interest Income	10,857	3,417	95,254	1,717	78,245	974	988	971	73,902	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	-7,821	-11,954	13,985	16,350	132,240	12,145	14,695	7,586	3,776	833	793	414	332	-90	0	0	0	813	0	108	519	1,194	-
Net Income	124,399	65,841	62,092	85,456	88,095	97,966	170,730	93,930	119,573	54,182	41,238	-207,067	-43,056	37,318	68,851	49,832	27,376	34,447	15,177	17,791	15,454	-1,044	-6,413
Net Income Applicable To Common Shares	0	65,841	62,092	85,456	88,095	97,966	132,414	93,930	119,573	54,182	36,541	-206,430	-43,056	37,318	68,851	49,832	27,376	34,447	15,177	17,791	15,659	8,514	-
Net Income From Continuing Ops	114,535	77,795	65,922	83,920	93,543	110,111	147,109	101,516	125,081	57,395	0	-206,016	-42,724	32,878	0	0	0	0	0	0	0	0	-
Net Interest Income	-86,062	-84,326	-80,534	-76,236	-78,869	-69,950	-53,154	-66,418	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	27,477	14,228	32,749	0	7,663	17,897	-1,140	-5,508	-3,213	0	9,638	11,263	40,093	0	0	0	0	0	0	0	0	-
Non Recurring	0	33,476	0	0	0	13,590	1,796	3,017	1,579	15,439	0	239,016	0	3,050	0	0	0	0	0	0	0	0	-
Operating Income	171,552	24,080	17,709	65,513	68,302	185,110	205,018	201,882	164,061	143,490	96,958	-155,085	64,007	23,568	68,773	60,607	43,461	61,928	63,909	62,444	25,490	20,227	4,217
Other Items	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	657,872	547,880	493,975	512,072	552,248	520,567	485,998	457,692	429,004	400,595	432,187	430,477	373,002	346,612	344,104	280,031	250,438	207,009	174,083	157,485	93,950	65,402	31,719
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	-
Reconciled Depreciation	216,239	198,792	182,972	156,612	148,761	132,233	115,146	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Research Development	7,215	5,078	4,129	5,395	4,647	4,183	3,157	2,762	1,780	783	4,965	6,108	8,801	10,120	10,502	4,595	3,663	2,983	3,036	2,175	1,391	1,503	1,729
Selling And Marketing Expenses	18,306	16,193	15,199	17,384	15,047	19,802	15,600	16,424	16,077	15,425	24,613	16,122	16,207	13,447	14,584	10,885	10,645	10,361	7,876	7,769	0	0	-
Selling General Administrative	68,179	61,274	75,901	60,226	55,833	47,750	42,881	46,710	34,782	28,614	29,188	28,267	27,885	27,442	26,412	36,823	32,061	28,455	22,196	19,378	0	0	-
Tax Provision	-10,983	14,742	24,850	67,003	45,613	34,733	-1,411	31,837	-15,258	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	92,466	82,545	95,229	83,005	75,527	71,735	61,638	65,896	52,639	44,822	58,766	50,497	52,893	51,009	51,498	37,223	33,704	31,438	25,232	21,407	17,730	14,627	1,729
Total Other Income Expense Net	-32,467	71,529	85,842	103,204	69,001	8,431	17,070	2,607	20,239	11,249	22,528	-228,057	10,795	44,294	27,803	-13,615	253	4,136	6,967	5,077	707	1,186	166
Total Revenue	829,424	734,159	663,084	705,342	746,044	719,267	692,812	662,591	594,644	559,524	533,239	514,408	437,009	373,230	415,244	344,833	295,919	268,937	237,992	219,230	119,440	85,629	47,915

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31
Cost Of Revenue	162,884	148,053	145,306	109,163	125,276	114,777	111,477	113,805	115,413	95,702	94,926	92,705	104,341	104,917	109,514	110,295	117,940	115,004	118,918	124,859	99,656	117,688	120,837	110,651	102,009	97,992	108,871	115,488	99,882	110,128	94,065	87,721	106,935	103,520	89,704	76,206	94,383	84,767	87,646	88,977	88,001	90,993	102,298	93,978	94,055	103,596	89,771	92,558	90,743	75,078	71,461	82,827	74,736	76,294	77,613	66,960	72,105	80,174	72,200	68,127	70,400	68,472	57,210	46,726	51,045	50,501	59,542	55,646	52,180	45,476	40,516	37,399	37,410	37,928	38,932	34,295	36,373	35,971	33,016	30,718	29,780	24,109	19,733	20,328	50,925
Depreciation And Amortization	59,331	20,189	20,000	53,161	51,334	62,725	57,471	48,108	48,605	48,828	43,439	42,100	40,940	40,813	37,907	36,952	37,433	37,997	36,430	36,901	33,862	34,791	33,027	30,553	34,136	26,928	27,023	27,059	28,412	26,307	25,077	26,181	26,743	27,904	26,920	25,639	25,962	26,017	25,402	23,417	22,021	25,027	22,747	23,137	26,528	26,055	25,013	24,744	25,137	23,256	24,635	23,370	22,300	24,132	19,880	20,449	12,897	17,601	15,061	16,132	15,139	15,806	13,235	13,263	12,507	12,094	11,854	11,341	10,887	10,446	9,980	9,440	8,049	8,262	8,764	9,500	11,224	11,626	5,116	9,142	0	-	-	-	0
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	4,117	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,859	37,567	24,224	14,482	18,166	38,893	38,607	6,918	14,892	44,183	36,826	56,176	21,480	1,713	16,585	65,669	21,292	43,501	52,964	24,972	52,182	-4,300	47,751	31,617	20,058	19,211	30,853	65,805	27,344	47,700	32,486	29,828	29,802	27,316	14,823	10,230	22,163	49,553	37,000	26,045	9,762	35,703	21,014	13,501	-14,549	-4,323	2,466	26,898	17,444	24,646	20,090	-20,116	4,149	27,754	5,452	-18,047	-3,046	29,987	21,393	23,445	24,955	26,310	15,331	13,546	16,673	20,841	14,428	-1,972	6,214	25,734	15,315	14,675	13,820	25,231	11,356	13,429	11,726	22,652	13,113	12,744	0	0	0	0	0
Ebitda	113,190	57,756	44,224	67,643	69,500	101,618	96,078	55,026	63,497	93,011	80,265	98,276	62,420	42,526	54,492	102,621	58,725	81,498	89,394	61,873	86,044	30,491	80,778	62,170	54,194	46,139	57,876	92,864	55,756	74,007	57,563	56,009	56,545	55,220	41,743	35,869	48,125	75,570	62,402	49,462	31,783	60,730	43,761	36,638	11,979	21,732	27,479	51,642	42,581	47,902	44,725	3,254	26,449	51,886	25,332	2,402	9,851	47,588	36,454	39,577	40,094	42,116	28,566	26,809	29,180	32,935	26,282	9,369	17,101	36,180	25,295	24,115	21,869	33,493	20,120	22,929	22,950	34,278	18,229	21,886	0	-	-	-	0
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-64,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	78,456	60,003	49,490	76,069	80,210	61,108	57,601	69,905	75,576	63,140	51,975	73,647	75,041	54,030	65,386	81,818	74,502	55,495	65,147	74,179	90,809	48,792	57,462	73,372	64,356	59,193	70,493	74,410	66,637	74,489	65,796	63,873	64,139	59,332	50,783	44,025	54,860	55,475	39,957	53,459	42,904	39,756	50,381	27,732	22,027	32,541	40,066	39,794	32,991	35,763	33,153	14,993	18,097	25,183	18,653	15,694	23,187	39,654	28,035	31,762	25,099	31,254	23,011	22,661	19,608	28,966	24,510	6,101	14,502	32,372	23,570	22,922	21,371	31,362	16,807	19,601	19,868	27,312	19,085	16,887	42,109	0	0	0	34,704
Income Before Tax	48,848	29,603	18,559	42,075	12,950	27,642	22,637	32,379	42,220	22,179	18,858	20,294	44,972	39,578	35,378	48,789	41,085	23,630	31,466	41,122	48,293	11,408	31,376	46,104	40,025	33,446	45,039	52,220	36,683	29,047	33,967	41,391	36,202	38,583	22,313	16,501	19,023	24,113	14,394	28,306	6,980	18,502	27,161	-680	-236,013	2,209	13,188	13,622	6,668	769	7,300	-7,967	-2,627	44,415	-5,908	-5,098	18,604	27,195	20,097	17,445	8,286	15,810	11,416	9,391	5,258	15,330	9,053	-9,067	1,705	17,094	10,191	8,527	-11,687	17,654	3,151	3,855	3,885	10,747	1,747	4,562	3,973	6,320	4,806	3,585	15,843
Income Tax Expense	8,188	-7,134	-3,956	8,885	-8,778	7,227	6,130	10,163	15,527	2,048	4,268	3,007	21,728	15,361	11,766	18,148	25,477	9,626	-3,529	14,039	31,386	1,184	29,105	-26,942	-29,669	11,003	6,369	10,886	2,450	11,988	7,890	9,509	11,438	-38,211	6,056	5,459	9,877	6,444	4,967	6,320	-1,476	5,201	5,780	1,217	-14,108	1,479	4,309	5,457	49,261	-305	-1,007	586	-7,107	11,931	-3,365	-2,557	4,617	4,340	4,478	3,489	91	3,187	2,613	2,071	-475	2,300	1,992	-1,995	-2,009	4,342	2,156	1,914	-4,921	6,977	1,154	1,480	455	4,197	240	1,717	372	2,134	776	1,397	6,135
Interest Expense	29,743	25,054	24,393	23,631	23,841	22,403	20,418	21,081	22,786	22,231	18,626	19,016	19,139	21,756	19,785	17,273	17,568	20,076	21,517	21,223	22,034	18,700	15,846	14,344	12,987	11,692	14,540	14,923	15,828	17,137	18,401	16,023	18,142	17,748	18,859	17,828	19,570	22,494	22,072	20,518	21,950	18,459	17,504	15,863	19,528	15,400	14,263	14,878	15,028	23,909	17,442	13,080	10,372	10,961	9,426	9,714	4,178	4,358	4,415	3,290	859	859	8,976	8,593	7,070	8,471	7,070	7,420	7,420	10,021	9,780	26,506	26,506	9,011	9,502	10,298	51,308	11,737	10,952	8,523	2,008	2,277	2,115	1,720	6,380
Interest Income	2,363	2,827	4,942	23,717	1,237	21,037	179	342	20,743	21,732	808	263	248	20,083	441	402	17,320	482	420	20,458	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,107	-879	-320	4,432	-2,190	1,716	3,685	4,363	3,368	5,878	144,643	2,570	145,282	7,419	2,224	3,873	132,240	-516	2,259	2,184	4,869	-474	3,002	4,748	3,467	3,599	3,206	4,423	3,002	2,326	584	1,674	1,160	1,522	859	235	163	256	177	237	193	193	322	85	136	67	81	130	80	137	105	10	78	-58	-57	0	0	0	0	0	0	0	0	0	0	0	0	0	571	242	571	0	0	0	0	0	108	0	-108	108	358	161	198	201	1,194
Net Income	35,726	35,453	24,191	29,029	18,041	18,110	16,507	18,430	18,905	14,902	13,026	15,259	20,698	15,679	23,046	26,033	12,606	15,605	33,938	25,946	18,220	10,581	-343	69,508	40,025	19,181	35,036	35,312	28,230	12,080	24,349	29,271	22,988	72,139	14,414	10,032	6,980	16,514	9,136	21,552	8,162	12,950	25,185	-1,982	-223,021	-582	8,641	7,895	-43,080	866	8,133	-8,975	4,458	32,459	-1,437	1,838	14,689	23,526	16,051	14,585	11,696	15,911	12,161	10,064	8,908	15,762	8,547	-5,841	4,221	13,939	8,395	7,892	-5,143	12,318	4,094	3,908	4,749	6,763	3,542	2,737	5,815	4,025	3,832	1,782	0
Net Income Applicable To Common Shares	0	35,453	24,191	29,029	18,040	18,110	11,260	18,430	18,905	14,902	13,026	15,259	20,698	15,679	23,046	26,033	12,606	15,605	33,938	25,946	18,220	10,581	-343	69,508	64,502	23,960	8,640	35,312	28,230	12,080	24,349	29,271	22,988	72,139	14,414	10,032	6,980	16,514	9,136	21,552	8,162	12,950	25,185	-1,982	-222,384	-582	8,641	7,895	-43,080	866	8,133	-8,975	4,458	32,459	-1,437	0	15,516	20,776	14,640	14,432	5,472	15,911	12,161	10,064	8,908	15,762	8,547	0	4,221	13,939	8,395	7,892	2,859	12,318	4,094	3,908	4,749	6,763	3,542	2,737	5,815	4,025	3,832	1,987	8,514
Net Income From Continuing Ops	38,833	36,332	24,511	29,148	20,230	19,481	13,665	18,152	23,765	14,578	15,195	15,290	23,532	16,466	20,849	27,155	14,127	15,089	36,197	28,130	23,089	10,107	2,659	74,256	67,969	27,559	11,846	39,735	31,082	14,733	25,493	30,208	50,300	37,061	21,454	16,266	8,983	17,413	9,250	21,749	0	13,090	21,170	-1,982	-223,512	663	8,798	8,035	-43,000	1,003	8,238	-8,965	0	32,401	-2,064	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-23,440	-22,227	-19,451	-21,780	-22,604	-20,744	-20,239	-20,739	-22,252	-21,712	-17,818	-18,753	-18,891	-21,130	-19,344	-16,871	-17,248	-19,594	-21,097	-20,930	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	20,724	12,811	5,069	10,563	2,886	8,959	5,725	9,070	9,470	-10,037	0	8,529	8,746	4,270	0	6,072	7,305	9,667	-14,468	4,089	10,977	7,065	4,345	1,505	5,999	6,048	-1,719	-4,692	-663	5,934	-5,614	53	44	9	-25,211	1,920	14,022	6,056	0	7,006	6,812	6,672	3,542	2,176	1,302	2,618	6,122	399	5,299	-557	0	38,292	-380	0	0	0	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	32,649	827	0	0	0	0	0	0	0	0	0	0	0	0	0	0	13,467	0	-123	123	1,796	26,940	-10,776	1,796	303	1,294	863	557	1,220	185	0	174	-768	8,100	8,107	0	0	0	0	0	229,833	7,264	1,151	768	0	0	0	0	0	0	3,050	0	0	0	0	0	0	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	53,859	37,567	24,224	14,482	18,166	38,893	38,607	6,918	54,861	35,988	28,619	49,889	53,195	51,686	48,075	61,057	54,472	38,719	46,880	53,725	67,982	25,902	36,633	54,593	48,400	43,970	53,152	59,496	51,229	48,223	51,887	50,543	49,088	46,479	38,643	29,851	34,801	43,788	22,330	42,571	21,615	29,797	37,862	8,511	-221,007	14,188	25,992	25,742	17,306	24,208	19,374	3,119	4,238	14,818	2,307	2,205	6,936	25,961	16,751	19,125	14,781	19,126	14,281	12,419	10,340	20,992	14,465	-2,336	6,842	24,866	15,450	14,770	13,793	25,263	11,467	13,386	14,303	22,536	13,206	12,399	5,586	8,292	6,524	5,088	20,227
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	187,481	168,171	170,572	132,066	144,566	136,165	130,343	136,806	136,128	123,102	118,282	116,463	126,187	125,022	126,825	131,056	137,970	131,780	137,185	145,313	109,016	140,578	141,666	129,307	116,169	113,215	126,212	130,402	114,987	135,100	107,111	100,494	120,766	116,188	101,844	90,206	107,110	96,454	97,166	99,865	105,196	100,952	114,817	113,199	107,256	114,685	102,694	105,842	106,428	86,633	85,240	94,701	88,595	86,659	90,909	80,449	85,989	93,867	83,484	80,764	78,896	78,555	65,940	56,640	58,293	58,475	69,587	64,083	59,840	52,982	48,636	45,551	44,988	44,027	44,272	40,510	42,637	40,747	38,895	35,206	0	0	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Reconciled Depreciation	59,892	57,488	54,256	53,161	51,334	50,453	48,897	48,108	48,605	48,828	43,439	42,100	40,940	40,813	37,907	36,952	37,433	37,997	36,430	36,901	33,862	34,791	33,027	30,553	34,136	26,928	27,023	27,059	28,412	26,307	25,077	26,181	26,743	27,904	26,920	25,639	25,962	26,017	25,402	23,417	22,021	25,027	22,747	23,137	26,528	26,055	25,013	24,744	25,137	23,256	24,635	23,370	22,300	24,132	19,880	20,449	12,897	17,601	15,061	16,132	15,139	15,806	13,235	13,263	12,507	12,094	11,854	11,341	10,887	10,446	9,980	9,440	8,049	8,262	8,764	9,500	11,224	11,626	5,116	9,142	0	-	-	-	0
Research Development	2,452	1,392	2,083	1,288	1,388	1,238	1,388	1,064	950	1,175	1,128	876	1,114	1,490	1,172	1,619	1,874	1,062	810	900	1,118	706	1,251	1,108	789	716	1,050	602	732	1,086	595	349	668	335	414	363	388	250	232	87	1,519	838	1,608	1,000	2,160	1,436	1,464	1,048	1,673	2,346	2,575	2,207	1,987	1,252	3,614	3,267	3,351	3,863	2,487	801	1,220	1,894	785	696	946	952	1,061	704	494	826	890	773	1,165	777	714	380	973	351	900	302	0	0	0	0	0
Selling And Marketing Expenses	4,307	4,682	5,369	3,948	3,783	4,093	3,952	4,365	4,264	2,671	3,988	4,276	3,660	4,076	4,854	4,794	4,124	3,783	3,276	3,865	3,813	8,578	3,712	3,699	3,517	3,630	4,090	4,363	4,288	4,793	3,668	3,675	3,978	4,383	4,283	3,433	4,572	4,258	3,216	3,379	6,752	2,575	3,777	11,571	3,089	3,445	4,666	4,922	6,882	2,940	3,725	2,660	4,226	3,333	2,686	3,202	3,675	3,393	3,215	4,301	10,885	2,647	2,020	3,519	10,645	2,043	3,822	1,986	10,361	2,410	2,826	2,695	7,876	1,934	1,651	2,208	7,769	1,649	0	0	0	-	-	-	0
Selling General Administrative	18,654	14,044	17,814	17,667	14,119	16,057	13,526	17,572	15,501	23,554	18,240	18,606	17,072	14,539	11,285	14,348	14,032	11,931	14,181	15,689	4,429	13,606	15,866	13,849	9,854	10,877	12,201	9,949	10,085	19,093	8,783	8,749	9,185	7,950	7,443	10,204	7,767	7,179	6,072	7,596	8,924	6,546	7,134	6,650	7,952	6,208	6,793	7,314	7,130	6,269	7,479	7,007	7,646	5,780	6,996	7,020	6,858	6,437	5,582	7,535	9,098	10,234	7,945	9,546	8,322	7,022	8,984	7,733	7,166	6,680	7,230	7,379	6,413	5,322	4,626	5,835	4,235	2,776	0	0	0	0	0	0	0
Tax Provision	8,188	-7,134	-3,956	8,885	-8,778	7,227	6,130	10,163	15,527	2,048	4,268	3,007	21,728	15,361	11,766	18,148	25,477	9,626	-3,529	14,039	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	24,597	20,118	25,266	22,903	19,290	21,388	18,866	23,001	20,715	27,400	23,356	23,758	21,846	20,105	17,311	20,761	20,030	16,776	18,267	20,454	9,360	22,890	20,829	18,656	14,160	15,223	17,341	14,914	15,105	24,972	13,046	12,773	13,831	12,668	12,140	14,000	12,727	11,687	9,520	10,888	17,195	9,959	12,519	19,221	13,201	11,089	12,923	13,284	15,685	11,555	13,779	11,874	13,859	10,365	13,296	13,489	13,884	13,693	11,284	12,637	8,496	10,083	8,730	9,914	7,248	7,974	10,045	8,437	7,660	7,506	8,120	8,152	7,578	6,099	5,340	6,215	6,264	4,776	5,879	4,488	0	0	0	0	0
Total Other Income Expense Net	-5,011	11,945	13,786	27,593	-5,216	-11,251	-15,970	25,461	9,611	8,150	8,057	-10,842	10,668	26,783	6,647	4,603	3,861	4,505	5,683	8,327	-11,580	3,992	10,400	5,619	2,689	913	6,065	7,403	839	-3,599	-627	5,994	3,845	9,614	2,485	4,295	-3,616	2,784	5,939	6,142	2,759	6,422	6,716	6,631	-225,508	-4,123	-28	1,602	4,252	32	4,652	1,859	3,596	40,418	-1,934	2,214	13,425	5,435	7,485	1,458	-7,946	-4,767	-642	-260	-3,435	1,603	1,218	867	1,135	561	1,066	1,374	1,596	1,673	2,208	1,490	3,197	97	1,341	442	0	0	0	0	0
Total Revenue	241,340	208,056	194,796	185,232	205,486	175,885	169,078	183,710	190,989	158,842	146,901	166,352	179,382	158,947	174,900	192,113	192,442	170,499	184,065	199,038	190,465	166,480	178,299	184,023	166,365	157,185	179,364	189,898	166,519	184,617	159,861	151,594	171,074	162,852	140,487	120,231	149,243	140,242	127,603	142,436	130,905	130,749	152,679	121,710	116,082	136,137	129,837	132,352	123,734	110,841	104,614	97,820	92,833	101,477	96,266	82,654	95,292	119,828	100,235	99,889	95,499	99,726	80,221	69,387	70,653	79,467	84,052	61,747	66,682	77,848	64,086	60,321	58,781	69,290	55,739	53,896	56,241	63,283	52,101	47,605	35,366	32,401	26,257	25,416	85,629

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

Gross Profit (+$)
totalRevenue	829,424
Cost of Revenue	-565,406
Gross Profit	264,018	264,018

Operating Income (+$)
Gross Profit	264,018
Operating Expense	-92,466
Operating Income	171,552	171,552

Operating Expense (+$)
Research Development	7,215
Selling General Administrative	68,179
Selling And Marketing Expenses	18,306
Operating Expense	92,466	93,700

Net Interest Income (+$)
Interest Income	10,857
Interest Expense	-116,142
Other Finance Cost	-19,223
Net Interest Income	-86,062

Pretax Income (+$)
Operating Income	171,552
Net Interest Income	-86,062
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	139,085	204,019 EBIT - interestExpense = 55,410 130,382 240,541
Interest Expense	116,142
Earnings Before Interest and Taxes (EBIT)	171,552	255,227
Earnings Before Interest and Taxes (EBITDA)	402,513

After tax Income (+$)
Income Before Tax	139,085
Tax Provision	--10,983
Net Income From Continuing Ops	114,535	150,068
Net Income	124,399
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	657,872
Total Other Income/Expenses Net	-32,467	86,062

Technical Analysis of Ormat
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 Ormat. The general trend of Ormat is BEARISH with 71.4% 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 Ormat'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 (-71.4%)		Bearish trend (71.4%)
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 Ormat Technologies Inc.

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

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

The bullish price targets are: 66.53 < 67.25 < 69.81.

The bearish price targets are: 58.80.

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Ormat Technologies Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Ormat Technologies Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ormat Technologies Inc. The current macd is -0.62107566.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ormat price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Ormat. 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 Ormat 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 up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Ormat Technologies Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of Ormat Technologies Inc. The current adx is 10.13.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ormat shares, leading to potential upward 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.

Ormat Technologies Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Ormat Technologies Inc. The current sar is 65.46.

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

Ormat Technologies Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Ormat Technologies Inc. The current rsi is 50.99. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
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.

Ormat Technologies Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Ormat Technologies Inc. The current phase is Correction in bear market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line > STOCH %D line: The STOCH %K line is 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 Ormat price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Ormat Technologies Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Ormat Technologies Inc. The current cci is 11.64.

Ormat Technologies Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ormat Technologies Inc. The current cmo is 7.27236172.

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

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

Ormat Technologies Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Ormat Technologies Inc. The current willr is -27.52808989.

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

Ormat Technologies Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Ormat Technologies Inc.

Ormat Technologies Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of Ormat Technologies Inc. The current atr is 1.85117823.

Ormat Technologies Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Ormat Technologies Inc. The current obv is 9,656,367.

Ormat Technologies Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Ormat Technologies Inc. The current mfi is 64.65.

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

MFI > 50: +1

Ormat Technologies Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Ormat Technologies Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Ormat Technologies Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.991
Ma 20	Greater than	Ma 50	64.247
Ma 50	Greater than	Ma 100	65.009
Ma 100	Greater than	Ma 200	67.600
Open	Greater than	Close	64.420
Total			1/5 (20.0%)

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Quick analysis of Ormat (30 sec.)

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1. Valuation of Ormat (5 min.)

$64.57

$40.52

$-36.97 - $17.74

$3.55 - $58.26

2. Growth of Ormat (5 min.)

Is Ormat growing?

How much money is Ormat making?

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

3. Financial Health of Ormat (5 min.)

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

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Fundamentals of Ormat

About Ormat Technologies Inc

Financial Health

Valuation

1.1. Profitability of Ormat Technologies Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Ormat Technologies Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Ormat Technologies Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Ormat Technologies Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Ormat Technologies Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Ormat Technologies Inc
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