Preferred Bank
Buy, Hold or Sell?

Let's analyse Preferred Bank together

Penke I guess you are interested in Preferred Bank. 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 Preferred Bank. 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 Preferred Bank (30 sec.)

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

How much money do you get?

$2.18

When do you have the money?

1 year

How often do you get paid?

92.5%

What is your share worth?

Current worth

$50.35

Expected worth in 1 year

$57.58

How sure are you?

97.5%

+ What do you gain per year?

Total Gains per Share

$9.41

Return On Investment

12.1%

For what price can you sell your share?

Current Price per Share

$77.47

Expected price per share

$70.89 - $76.06

How sure are you?

50%

1. Valuation of Preferred Bank (5 min.)

Live pricePrice per Share (EOD)

$77.47

Book Value per Share

$50.35

Intrinsic Value Per Share

$-65.71 - $67.03

Total Value Per Share

$-15.35 - $117.38

My calculation of the intrinsic value of Preferred Bank 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: ($1.51) 3Y: ($2.47) TTM: ($3.00)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.03) 3Y: ($-0.20) TTM: ($-0.64)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$3.93	$9.45	$2.87 - $9.46
2	$4.74	$18.21	$-0.32 - $9.02
3	$2.78	$26.31	$-3.50 - $8.59
4	$-1.66	$33.78	$-6.69 - $8.15
5	$-8.28	$40.66	$-9.87 - $7.72
6	$-16.81	$46.96	$-13.06 - $7.28
7	$-27.04	$52.73	$-16.24 - $6.85
8	$-38.72	$57.98	$-19.43 - $6.41
9	$-51.67	$62.74	$-22.61 - $5.98
10	$-65.71	$67.03	$-25.80 - $5.54

2. Growth of Preferred Bank (5 min.)

Is Preferred Bank growing?

	Current year	Previous year	Grow	Grow %
How rich?	$695.1m	$601.9m	$70.7m	10.5%

How much money is Preferred Bank making?

	Current year	Previous year	Grow	Grow %
Making money	$37.5m	$32.2m	$5.2m	14.1%
Net Profit Margin	45.2%	50.4%	-	-

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

Quarterly Yearly

3. Financial Health of Preferred Bank (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of Preferred Bank?

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

Speculation

The Price per Share of Preferred Bank is $77.47. 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 Preferred Bank.
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 Preferred Bank, 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 $50.35. Based on the TTM, the Book Value Change Per Share is $1.81 per quarter. Based on the YOY, the Book Value Change Per Share is $0.93 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 $0.55 per quarter.

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

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	2.60	3.4%	2.63	3.4%	2.18	2.8%	1.83	2.4%	1.27	1.6%
Usd Book Value Change Per Share	2.82	3.6%	1.81	2.3%	0.93	1.2%	1.14	1.5%	0.88	1.1%
Usd Dividend Per Share	0.55	0.7%	0.55	0.7%	0.42	0.5%	0.39	0.5%	0.27	0.3%
Usd Total Gains Per Share	3.37	4.3%	2.35	3.0%	1.35	1.7%	1.53	2.0%	1.15	1.5%
Usd Price Per Share	73.05	-	61.28	-	70.49	-	57.82	-	49.49	-
Price to Earnings Ratio	7.03	-	5.83	-	8.36	-	8.41	-	11.67	-
Price-to-Total Gains Ratio	21.70	-	27.50	-	206.65	-	73.13	-	58.46	-
Price to Book Ratio	1.45	-	1.29	-	1.73	-	1.53	-	1.74	-
Price-to-Total Gains Ratio	21.70	-	27.50	-	206.65	-	73.13	-	58.46	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	77.47
Number of shares	12

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.55	0.39
Usd Book Value Change Per Share	1.81	1.14
Usd Total Gains Per Share	2.35	1.53
Gains per Quarter (12 shares)	28.23	18.35
Gains per Year (12 shares)	112.90	73.39

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	26	87	103	19	55	63
2	52	173	216	37	110	136
3	79	260	329	56	164	209
4	105	347	442	74	219	282
5	131	434	555	93	274	355
6	157	520	668	111	329	428
7	183	607	781	130	384	501
8	210	694	894	148	439	574
9	236	780	1007	167	493	647
10	262	867	1120	186	548	720

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%	40.0	0.0	0.0	100.0%	71.0	10.0	0.0	87.7%
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%	38.0	2.0	0.0	95.0%	67.0	14.0	0.0	82.7%
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%	37.0	0.0	3.0	92.5%	58.0	0.0	23.0	71.6%
Total Gains 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%	68.0	13.0	0.0	84.0%

Fundamentals of Preferred Bank

About Preferred Bank

https://www.preferredbank.com
Banks - Regional
0
601 South Figueroa Street, Los Angeles, CA, United States, 90017
Google Maps Bing Maps

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, bill pay, treasury management, and internet and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Fundamental data was last updated by Penke on 2024-04-12 14:56:04.

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 less efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Preferred Bank.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
A Net Profit Margin of 28.3% means that $0.28 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Preferred Bank:

The MRQ is 28.3%. The company is making a huge profit. +2
The TTM is 45.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	28.3%	TTM	45.2%	-16.9%
TTM	45.2%	YOY	50.4%	-5.3%
TTM	45.2%	5Y	45.8%	-0.6%
5Y	45.8%	10Y	40.4%	+5.4%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	28.3%	18.4%	+9.9%
TTM	45.2%	28.0%	+17.2%
YOY	50.4%	25.2%	+25.2%
5Y	45.8%	22.8%	+23.0%
10Y	40.4%	19.8%	+20.6%

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

Revenue is the amount of profit Preferred Bank 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 Preferred Bank 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 Preferred Bank to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Preferred Bank. If profit margins remain low (compared to the Banks - Regional 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 Preferred Bank is 0.28. This means that Preferred Bank earned $0.28 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Preferred Bank sells assets (profit will increase while costs remain the same).
It won’t show what part of Preferred Bank 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 Preferred Bank

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 Preferred Bank = 35,839
Total revenue MRQ Preferred Bank = 126,776
$35,839 / $126,776 = 0.28 or 28.3%

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 Preferred Bank is using its assets to generate profit.

Above 5% is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
0.5% Return on Assets means that Preferred Bank generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Preferred Bank:

The MRQ is 0.5%. 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	0.5%	TTM	0.6%	0.0%
TTM	0.6%	YOY	0.5%	+0.1%
TTM	0.6%	5Y	0.5%	+0.1%
5Y	0.5%	10Y	0.4%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.5%	0.1%	+0.4%
TTM	0.6%	0.2%	+0.4%
YOY	0.5%	0.2%	+0.3%
5Y	0.5%	0.2%	+0.3%
10Y	0.4%	0.2%	+0.2%

Shows how efficient Preferred Bank 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 Preferred Bank to the Banks - Regional 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 Preferred Bank is using its resources to generate profit. If the return on assets (0.5%) from Preferred Bank are higher than the Banks - Regional mean (0.1%) that means Preferred Bank 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 Preferred Bank is 0.5%. 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 Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

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

Income statement
Balance sheet

Net income MRQ (income statement) from Preferred Bank = 35,839
Total assets MRQ (balance sheet) from Preferred Bank = 6,669,167
35,839 / 6,669,167 = 0.01 or 0.5%

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

Above 15%-20% is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
5.2% Return on Equity means Preferred Bank generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Preferred Bank:

The MRQ is 5.2%. Using its investors money, the company is less efficient in making profit.
The TTM is 5.6%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	5.2%	TTM	5.6%	-0.4%
TTM	5.6%	YOY	5.3%	+0.2%
TTM	5.6%	5Y	4.6%	+1.0%
5Y	4.6%	10Y	4.0%	+0.6%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	5.2%	1.4%	+3.8%
TTM	5.6%	2.5%	+3.1%
YOY	5.3%	2.7%	+2.6%
5Y	4.6%	2.5%	+2.1%
10Y	4.0%	2.8%	+1.2%

Shows how efficient Preferred Bank 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 Preferred Bank to the Banks - Regional 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 Banks - Regional 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 Preferred Bank is 5.2%. This means Preferred Bank generated $0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank up to 10 years back (depending if Preferred Bank 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 Preferred Bank

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Preferred Bank = 35,839
Shareholders equity (balance sheet) MRQ Preferred Bank = 695,105
35,839 / 695,105 = 0.05 or 5.2%

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

1.2. Operating Efficiency of Preferred Bank.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Preferred Bank is operating .

Measures how much profit Preferred Bank 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 Preferred Bank to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Preferred Bank:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	65.4%	-65.4%
TTM	65.4%	YOY	87.5%	-22.1%
TTM	65.4%	5Y	82.5%	-17.1%
5Y	82.5%	10Y	78.5%	+4.0%

Measures how efficient Preferred Bank 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 Preferred Bank to the Banks - Regional 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 Preferred Bank 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 Preferred Bank is 0.0%. This means that Preferred Bank earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Preferred Bank = 123,182
Total revenue MRQ Preferred Bank = 126,776
$123,182 / $126,776 = 0.00 or 0.0%

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 Preferred Bank is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.03 means that the operating costs are $0.03 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Preferred Bank:

The MRQ is 0.031. The company is very efficient in keeping operating costs low. +2
The TTM is -0.088.

Trends

Current period		Compared to		+/-
MRQ	0.031	TTM	-0.088	+0.119
TTM	-0.088	YOY	-0.125	+0.037
TTM	-0.088	5Y	-0.123	+0.036
5Y	-0.123	10Y	-0.079	-0.044

Measures how efficient Preferred Bank 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 Preferred Bank to the Banks - Regional 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 Preferred Bank is 3.1%. This means that Preferred Bank earned $0.03 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

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
(0 +3,985) \ 126,776 = 0.03

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 Preferred Bank.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.33 means the company has $0.33 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Preferred Bank:

The MRQ is 0.333. The company is unable to pay all its short-term debts. -2
The TTM is 147.350. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.333	TTM	147.350	-147.017
TTM	147.350	YOY	811.542	-664.192
TTM	147.350	5Y	537.809	-390.459
5Y	537.809	10Y	367.736	+170.073

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	147.350	0.124	+147.226
YOY	811.542	0.225	+811.317
5Y	537.809	0.219	+537.590
10Y	367.736	0.131	+367.605

Measures if Preferred Bank 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 Banks - Regional 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 Preferred Bank 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 Preferred Bank is 0.33. This means Preferred Bank has $0.33 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
964,166 \ 2,898,590) = 0.33

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

Above 1 is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
A Quick Ratio of -0.31 means the company can pay off $-0.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Preferred Bank:

The MRQ is -0.307. The company is unable to pay all its short-term debts with the most liquid assets. -2
The TTM is 186.779. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	-0.307	TTM	186.779	-187.086
TTM	186.779	YOY	1,083.985	-897.206
TTM	186.779	5Y	694.620	-507.842
5Y	694.620	10Y	484.992	+209.628

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Preferred Bank can pay off its short term debts. This shows if Preferred Bank can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Preferred Bank is -0.31. This means that Preferred Bank can pay off $-0.31 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Preferred Bank

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Preferred Bank: (-890,852 + 0 +0) / 2,898,590 = -0.31

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

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

1.4. Solvency of Preferred Bank.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Preferred Bank assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Preferred Bank to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Preferred Bank assets are financed with 89.6% credit (debt) and the remaining percentage (100% - 89.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Preferred Bank:

The MRQ is 0.896. The company is just able to pay all its debts by selling its assets.
The TTM is 0.898. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.896	TTM	0.898	-0.002
TTM	0.898	YOY	0.904	-0.006
TTM	0.898	5Y	0.901	-0.002
5Y	0.901	10Y	0.899	+0.001

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.896	0.915	-0.019
TTM	0.898	0.917	-0.019
YOY	0.904	0.919	-0.015
5Y	0.901	0.919	-0.018
10Y	0.899	0.927	-0.028

Measures how much % of Preferred Bank assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Preferred Bank to Banks - Regional 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 Preferred Bank is 0.90. This means means that Preferred Bank is financed with 89.6% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Preferred Bank

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

Balance sheet
Debt to asset ratio = total debt \ total assets
5,974,062 \ 6,669,167 = 89.6% or 0.90.

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

Below 2 is considered healthy but always compare Preferred Bank to the Banks - Regional industry mean.
A Debt to Equity ratio of 859.4% means that company has $8.59 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Preferred Bank:

The MRQ is 8.594. The company is unable to pay all its debts with equity. -1
The TTM is 8.825. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.594	TTM	8.825	-0.230
TTM	8.825	YOY	9.426	-0.601
TTM	8.825	5Y	9.065	-0.240
5Y	9.065	10Y	8.995	+0.070

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	8.594	10.829	-2.235
TTM	8.825	11.013	-2.188
YOY	9.426	11.363	-1.937
5Y	9.065	11.437	-2.372
10Y	8.995	13.038	-4.043

Measures if Preferred Bank 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 Preferred Bank 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 Preferred Bank is 8.59. This means that Preferred Bank can pay off $8.59 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
5,974,062 \ 695,105 = 8.59 or 859.4%

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 Preferred Bank

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 Preferred Bank generates.

Above 15 is considered overpriced but always compare Preferred Bank to the Banks - Regional industry mean.
A PE ratio of 7.03 means the investor is paying $7.03 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Preferred Bank:

The EOD is 7.460. Based on the earnings, the company is cheap. +2
The MRQ is 7.034. Based on the earnings, the company is cheap. +2
The TTM is 5.829. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	7.460	MRQ	7.034	+0.426
MRQ	7.034	TTM	5.829	+1.206
TTM	5.829	YOY	8.358	-2.529
TTM	5.829	5Y	8.407	-2.578
5Y	8.407	10Y	11.668	-3.261

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	7.460	7.548	-0.088
MRQ	7.034	6.680	+0.354
TTM	5.829	5.295	+0.534
YOY	8.358	6.943	+1.415
5Y	8.407	9.770	-1.363
10Y	11.668	9.943	+1.725

Measures how much money you pay for each share for every $1 in earnings Preferred Bank 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 Preferred Bank to the Banks - Regional 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 Preferred Bank is 7.03. This means the investor is paying $7.03 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Preferred Bank is performing over time. The most recent quarter might be important if Preferred Bank 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 Preferred Bank 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 Preferred Bank

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 \ 13,804 = EPS
PE ratio MRQ = 7.03

* 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 Preferred Bank:

The EOD is -258.064. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -243.341. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -58.155. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-258.064	MRQ	-243.341	-14.724
MRQ	-243.341	TTM	-58.155	-185.186
TTM	-58.155	YOY	7.501	-65.656
TTM	-58.155	5Y	-5.018	-53.137
5Y	-5.018	10Y	5.746	-10.764

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-258.064	-2.110	-255.954
MRQ	-243.341	-1.868	-241.473
TTM	-58.155	-0.342	-57.813
YOY	7.501	6.448	+1.053
5Y	-5.018	0.429	-5.447
10Y	5.746	0.091	+5.655

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.45 means the investor is paying $1.45 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Preferred Bank:

The EOD is 1.539. Based on the equity, the company is underpriced. +1
The MRQ is 1.451. Based on the equity, the company is underpriced. +1
The TTM is 1.294. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.539	MRQ	1.451	+0.088
MRQ	1.451	TTM	1.294	+0.157
TTM	1.294	YOY	1.734	-0.440
TTM	1.294	5Y	1.535	-0.240
5Y	1.535	10Y	1.745	-0.210

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.539	0.436	+1.103
MRQ	1.451	0.386	+1.065
TTM	1.294	0.470	+0.824
YOY	1.734	0.642	+1.092
5Y	1.535	0.795	+0.740
10Y	1.745	1.025	+0.720

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Preferred Bank

Institutions are holding 79.596% of the shares of Preferred Bank.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	9.6546	0.0025	1327821	-78727	-5.5972
2023-12-31	T. Rowe Price Investment Management,Inc.	6.3159	0.0413	868645	-478312	-35.5106
2023-12-31	Vanguard Group Inc	6.2323	0.0014	857142	-13739	-1.5776
2023-12-31	Dimensional Fund Advisors, Inc.	4.8516	0.0142	667256	10259	1.5615
2023-12-31	State Street Corporation	4.432	0.0022	609545	27875	4.7922
2023-12-31	Nuveen Asset Management, LLC	3.8556	0.0125	530270	65245	14.0304
2023-12-31	Boston Partners Global Investors, Inc	3.3857	0.0451	465650	-19248	-3.9695
2023-12-31	Goldman Sachs Group Inc	2.468	0.0022	339432	217154	177.5904
2023-12-31	Geode Capital Management, LLC	2.2415	0.0024	308277	636	0.2067
2023-12-31	Millennium Management LLC	2.1105	0.0092	290267	47185	19.4111
2023-12-31	HSBC Holdings PLC	1.8794	0.0166	258473	-8866	-3.3164
2023-12-31	Stieven Capital Advisors, L.p.	1.7492	3.7731	240576	-13212	-5.2059
2023-12-31	Morgan Stanley - Brokerage Accounts	1.5892	0.0014	218565	21418	10.864
2023-12-31	Northern Trust Corp	1.4244	0.0026	195897	94	0.048
2023-12-31	JPMorgan Chase & Co	1.3842	0.0013	190378	119501	168.6034
2023-12-31	Bank of New York Mellon Corp	1.2008	0.0025	165143	12872	8.4533
2023-12-31	American Century Companies Inc	1.1884	0.0082	163437	51311	45.7619
2023-12-31	Phocas Financial Corp	1.0972	1.4567	150897	2908	1.965
2023-12-31	Hotchkis & Wiley Capital Management LLC	0.9489	0.0339	130510	1500	1.1627
2023-12-31	Renaissance Technologies Corp	0.9122	0.0142	125455	-13500	-9.7154
Total		58.9216	5.4435	8103636	-47646	-0.6%

3.2. Funds holding Preferred Bank

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	6.1586	0.0809	847003	0	0
2023-12-31	T. Rowe Price Small-Cap Value	4.1133	0.3907	565709	-352500	-38.39
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8306	0.0018	389302	0	0
2024-03-29	Schwab US Dividend Equity ETF™	2.0667	0.0386	284232	80	0.0282
2023-12-31	T. Rowe Price U.S. SC Value Eq Tr-Z	2.0542	0.4179	282526	-117200	-29.3201
2024-01-31	CREF Stock R1	1.4978	0.0125	205992	4575	2.2714
2024-03-28	iShares Russell 2000 ETF	1.4546	0.0235	200051	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3145	0.0127	180791	1452	0.8096
2024-03-29	Avantis US Small Cap Value ETF	1.2797	0.1246	176003	0	0
2024-01-31	Fidelity Small Cap Index	0.9597	0.0382	131985	2487	1.9205
2023-12-31	Phocas Small Cap Value Equity	0.9559	1.5933	131464	1773	1.3671
2024-03-28	iShares S&P Small-Cap 600 Growth ETF	0.8943	0.1597	122997	0	0
2024-02-29	DFA US Micro Cap I	0.8762	0.1208	120502	0	0
2024-03-28	SPDR® S&P Regional Banking ETF	0.8408	0.2973	115641	582	0.5058
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.8151	0.0818	112108	115	0.1027
2024-02-29	DFA US Targeted Value I	0.8091	0.0619	111272	0	0
2024-02-29	DFA US Small Cap I	0.7305	0.0465	100465	0	0
2023-12-31	Nuveen Small Cap Value SMA	0.713	1.3994	98061	-2870	-2.8435
2023-12-31	Nuveen Small Cap Value Equity	0.713	1.3994	98061	-2870	-2.8435
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7098	0.0789	97626	0	0
Total		31.7874	6.3804	4371791	-464376	-10.6%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Preferred Bank 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	-	-	2.820	1.806	+56%	0.928	+204%	1.142	+147%	0.883	+220%
Book Value Per Share	-	-	50.354	47.195	+7%	40.655	+24%	37.808	+33%	29.210	+72%
Current Ratio	-	-	0.333	147.350	-100%	811.542	-100%	537.809	-100%	367.736	-100%
Debt To Asset Ratio	-	-	0.896	0.898	0%	0.904	-1%	0.901	-1%	0.899	0%
Debt To Equity Ratio	-	-	8.594	8.825	-3%	9.426	-9%	9.065	-5%	8.995	-4%
Dividend Per Share	-	-	0.546	0.546	+0%	0.424	+29%	0.387	+41%	0.267	+104%
Eps	-	-	2.596	2.629	-1%	2.179	+19%	1.833	+42%	1.271	+104%
Free Cash Flow Per Share	-	-	-0.075	3.002	-103%	2.425	-103%	2.096	-104%	1.514	-105%
Free Cash Flow To Equity Per Share	-	-	0.518	4.094	-87%	7.027	-93%	8.373	-94%	8.484	-94%
Gross Profit Margin	-	-	1.000	0.997	+0%	0.992	+1%	0.996	+0%	0.988	+1%
Intrinsic Value_10Y_max	-	-	67.029	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-65.707	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	9.449	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	3.933	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	26.308	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.777	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	40.657	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-8.276	-	-	-	-	-	-	-	-
Market Cap	1065460404.000	+5%	1008405210.750	871883678.565	+16%	1044134579.438	-3%	853797422.206	+18%	723372217.689	+39%
Net Profit Margin	-	-	0.283	0.452	-37%	0.504	-44%	0.458	-38%	0.404	-30%
Operating Margin	-	-	-	0.654	-100%	0.875	-100%	0.825	-100%	0.785	-100%
Operating Ratio	-	-	0.031	-0.088	+379%	-0.125	+496%	-0.123	+492%	-0.079	+352%
Pb Ratio	1.539	+6%	1.451	1.294	+12%	1.734	-16%	1.535	-5%	1.745	-17%
Pe Ratio	7.460	+6%	7.034	5.829	+21%	8.358	-16%	8.407	-16%	11.668	-40%
Price Per Share	77.470	+6%	73.050	61.275	+19%	70.490	+4%	57.822	+26%	49.491	+48%
Price To Free Cash Flow Ratio	-258.064	-6%	-243.341	-58.155	-76%	7.501	-3344%	-5.018	-98%	5.746	-4335%
Price To Total Gains Ratio	23.013	+6%	21.700	27.505	-21%	206.655	-89%	73.128	-70%	58.460	-63%
Quick Ratio	-	-	-0.307	186.779	-100%	1083.985	-100%	694.620	-100%	484.992	-100%
Return On Assets	-	-	0.005	0.006	-5%	0.005	+5%	0.005	+18%	0.004	+35%
Return On Equity	-	-	0.052	0.056	-8%	0.053	-3%	0.046	+12%	0.040	+30%
Total Gains Per Share	-	-	3.366	2.352	+43%	1.352	+149%	1.529	+120%	1.150	+193%
Usd Book Value	-	-	695105000.000	672730250.000	+3%	601964000.000	+15%	557512550.000	+25%	426396300.000	+63%
Usd Book Value Change Per Share	-	-	2.820	1.806	+56%	0.928	+204%	1.142	+147%	0.883	+220%
Usd Book Value Per Share	-	-	50.354	47.195	+7%	40.655	+24%	37.808	+33%	29.210	+72%
Usd Dividend Per Share	-	-	0.546	0.546	+0%	0.424	+29%	0.387	+41%	0.267	+104%
Usd Eps	-	-	2.596	2.629	-1%	2.179	+19%	1.833	+42%	1.271	+104%
Usd Free Cash Flow	-	-	-1036001.000	43282999.750	-102%	35850000.000	-103%	30924949.950	-103%	22177399.975	-105%
Usd Free Cash Flow Per Share	-	-	-0.075	3.002	-103%	2.425	-103%	2.096	-104%	1.514	-105%
Usd Free Cash Flow To Equity Per Share	-	-	0.518	4.094	-87%	7.027	-93%	8.373	-94%	8.484	-94%
Usd Market Cap	1065460404.000	+5%	1008405210.750	871883678.565	+16%	1044134579.438	-3%	853797422.206	+18%	723372217.689	+39%
Usd Price Per Share	77.470	+6%	73.050	61.275	+19%	70.490	+4%	57.822	+26%	49.491	+48%
Usd Profit	-	-	35839000.000	37510000.000	-4%	32211250.000	+11%	26098200.000	+37%	18176375.000	+97%
Usd Revenue	-	-	126776000.000	87940250.000	+44%	63600500.000	+99%	57543850.000	+120%	43040425.000	+195%
Usd Total Gains Per Share	-	-	3.366	2.352	+43%	1.352	+149%	1.529	+120%	1.150	+193%
	EOD	+5 -3	MRQ	TTM	+17 -19	YOY	+21 -15	5Y	+24 -12	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of Preferred Bank based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	7.460
Price to Book Ratio (EOD)	Between	0-1	1.539
Net Profit Margin (MRQ)	Greater than	0	0.283
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	-0.307
Current Ratio (MRQ)	Greater than	1	0.333
Debt to Asset Ratio (MRQ)	Less than	1	0.896
Debt to Equity Ratio (MRQ)	Less than	1	8.594
Return on Equity (MRQ)	Greater than	0.15	0.052
Return on Assets (MRQ)	Greater than	0.05	0.005
Total			3/10 (30.0%)

Create your own Stock Scanner

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Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Preferred Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	76.490
Total			0/1 (0.0%)

Create your own Symbol Scanner

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

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-2,608	-1,921	-4,529	-2,469	-6,998	-5,508	-12,506	2,906,196	2,893,690
Cash And Cash Equivalents	747,526	118,165	865,691	164,054	1,029,745	-31,237	998,508	-1,889,360	-890,852
Net Debt	-578,582	32,022	-546,560	-164,961	-711,521	-120,376	-831,897	1,890,747	1,058,850
Long-term Assets Other	-542,644	63,016	-479,628	17,866	-461,762	20,813	-440,949	462,547	21,598
Cash and Short Term Investments	1,175,821	57,362	1,233,183	149,110	1,382,293	-48,177	1,334,116	-2,224,968	-890,852
Net Working Capital	1,196,806	58,380	1,255,186	148,293	1,403,479	-48,242	1,355,237	-3,289,661	-1,934,424

Latest Balance Sheet

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

Summary

Total Assets	6,669,167
Total Liabilities	5,974,062
Total Stockholder Equity	695,105

	As reported
Total Liabilities	5,974,062
Total Stockholder Equity	+ 695,105
Total Assets	= 6,669,167

Assets

Total Assets	6,669,167
Total Current Assets	964,166
Long-term Assets	5,705,001

Total Current Assets

Total Current Assets (as reported)	964,166
Cash And Cash Equivalents	-890,852
Other Current Assets	964,166
Total Current Assets (calculated)	73,314
+/-	890,852

Long-term Assets

Long-term Assets (as reported)	5,705,001
Property Plant Equipment	31,744
Long-term Assets Other	21,598
Long-term Assets (calculated)	53,342
+/-	5,651,659

Liabilities & Shareholders' Equity

Total Current Liabilities	2,898,590
Long-term Liabilities	3,075,472
Total Stockholder Equity	695,105

Total Current Liabilities

Total Current Liabilities (as reported)	2,898,590
Short-term Debt	4,900
Other Current Liabilities	2,893,690
Total Current Liabilities (calculated)	2,898,590
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	3,075,472
Long-term Liabilities (calculated)	0
+/-	3,075,472

Total Stockholder Equity

Total Stockholder Equity (as reported)	695,105
Common Stock	210,882
Retained Earnings	592,325
Accumulated Other Comprehensive Income	-31,754
Other Stockholders Equity	-76,348
Total Stockholder Equity (calculated)	695,105
+/-	0

Other

Cash and Short Term Investments	-890,852
Common Stock Shares Outstanding	13,804
Liabilities and Stockholders Equity	6,669,167
Net Debt	1,058,850
Net Working Capital	-1,934,424
Short Long Term Debt Total	167,998

Balance Sheet

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

> Total Assets

761,825
808,828
847,323
872,255
907,270
987,099
1,032,877
1,097,302
1,136,720
1,159,132
1,215,791
1,236,430
1,348,841
1,388,608
1,437,344
1,506,247
1,542,610
1,550,925
1,524,450
1,447,439
1,483,231
1,433,770
1,366,061
1,411,817
1,306,781
1,381,093
1,323,394
1,343,744
1,255,866
1,194,398
1,229,162
1,260,866
1,309,797
1,365,911
1,419,712
1,484,216
1,554,856
1,587,769
1,657,313
1,701,169
1,768,959
1,805,138
1,904,018
1,996,150
2,054,154
2,137,713
2,170,156
2,282,546
2,598,846
2,683,350
2,915,641
3,110,424
3,221,598
3,412,929
3,579,395
3,665,472
3,769,859
3,781,924
3,958,804
4,076,188
4,216,435
4,328,270
4,294,425
4,495,484
4,628,481
4,727,634
5,004,457
5,085,574
5,143,641
5,448,004
5,575,908
5,979,840
6,046,303
6,142,356
6,233,041
6,292,843
6,425,358
6,461,537
6,667,942
6,632,530
6,669,167

6,669,167

6,632,530

6,667,942

6,461,537

6,425,358

6,292,843

6,233,041

6,142,356

6,046,303

5,979,840

5,575,908

5,448,004

5,143,641

5,085,574

5,004,457

4,727,634

4,628,481

4,495,484

4,294,425

4,328,270

4,216,435

4,076,188

3,958,804

3,781,924

3,769,859

3,665,472

3,579,395

3,412,929

3,221,598

3,110,424

2,915,641

2,683,350

2,598,846

2,282,546

2,170,156

2,137,713

2,054,154

1,996,150

1,904,018

1,805,138

1,768,959

1,701,169

1,657,313

1,587,769

1,554,856

1,484,216

1,419,712

1,365,911

1,309,797

1,260,866

1,229,162

1,194,398

1,255,866

1,343,744

1,323,394

1,381,093

1,306,781

1,411,817

1,366,061

1,433,770

1,483,231

1,447,439

1,524,450

1,550,925

1,542,610

1,506,247

1,437,344

1,388,608

1,348,841

1,236,430

1,215,791

1,159,132

1,136,720

1,097,302

1,032,877

987,099

907,270

872,255

847,323

808,828

761,825

> Total Current Assets

0
36,128
27,119
31,521
43,267
35,069
42,641
43,369
30,652
31,078
33,798
30,437
35,511
32,683
47,293
40,913
32,968
29,006
34,492
33,379
27,193
27,546
45,153
42,589
19,653
227,469
193,529
201,082
117,238
87,542
128,728
144,132
147,317
154,326
197,821
181,433
368,925
368,510
359,860
332,827
376,447
359,965
389,897
408,531
372,230
365,583
331,847
371,728
474,104
423,352
526,461
537,653
515,713
536,961
598,192
617,407
649,029
498,347
566,049
617,779
723,438
751,345
561,805
670,198
757,614
715,736
931,429
1,033,512
1,002,839
1,173,356
1,178,986
1,539,733
1,497,167
1,410,608
1,165,496
1,126,026
1,199,414
1,259,715
1,410,477
1,367,743
964,166

964,166

1,367,743

1,410,477

1,259,715

1,199,414

1,126,026

1,165,496

1,410,608

1,497,167

1,539,733

1,178,986

1,173,356

1,002,839

1,033,512

931,429

715,736

757,614

670,198

561,805

751,345

723,438

617,779

566,049

498,347

649,029

617,407

598,192

536,961

515,713

537,653

526,461

423,352

474,104

371,728

331,847

365,583

372,230

408,531

389,897

359,965

376,447

332,827

359,860

368,510

368,925

181,433

197,821

154,326

147,317

144,132

128,728

87,542

117,238

201,082

193,529

227,469

19,653

42,589

45,153

27,546

27,193

33,379

34,492

29,006

32,968

40,913

47,293

32,683

35,511

30,437

33,798

31,078

30,652

43,369

42,641

35,069

43,267

31,521

27,119

36,128

Cash And Cash Equivalents

22,960
36,128
27,119
31,521
35,212
19,807
26,639
25,855
25,123
25,067
28,680
22,820
26,878
23,992
38,097
31,389
22,803
20,272
25,639
26,136
19,386
20,641
38,115
37,002
14,071
222,011
159,906
194,759
108,233
79,481
120,619
136,680
142,466
149,418
191,917
175,616
151,995
158,657
171,100
160,405
226,615
184,430
207,585
238,232
215,194
192,053
163,015
199,707
296,175
251,047
316,985
325,522
306,330
329,855
395,034
413,040
446,822
308,524
373,021
430,440
526,759
554,002
304,121
409,189
498,645
461,369
630,683
780,291
739,465
921,626
876,474
1,060,634
1,030,610
965,162
748,658
729,484
747,526
865,691
1,029,745
998,508
-890,852

-890,852

998,508

1,029,745

865,691

747,526

729,484

748,658

965,162

1,030,610

1,060,634

876,474

921,626

739,465

780,291

630,683

461,369

498,645

409,189

304,121

554,002

526,759

430,440

373,021

308,524

446,822

413,040

395,034

329,855

306,330

325,522

316,985

251,047

296,175

199,707

163,015

192,053

215,194

238,232

207,585

184,430

226,615

160,405

171,100

158,657

151,995

175,616

191,917

149,418

142,466

136,680

120,619

79,481

108,233

194,759

159,906

222,011

14,071

37,002

38,115

20,641

19,386

26,136

25,639

20,272

22,803

31,389

38,097

23,992

26,878

22,820

28,680

25,067

25,123

25,855

26,639

19,807

35,212

31,521

27,119

36,128

22,960

Short-term Investments

59,000
0
0
0
73,000
0
0
0
158,300
0
0
0
103,700
0
0
0
0
0
0
0
50,200
0
0
0
54,000
0
0
0
0
0
0
0
0
0
0
0
210,742
204,529
183,690
166,821
142,670
169,845
176,579
164,247
150,539
165,330
161,775
164,378
169,502
162,654
201,256
203,272
199,833
197,455
192,474
193,890
188,203
177,823
176,930
173,953
182,413
182,280
238,589
242,655
240,640
235,097
270,667
219,778
239,682
228,635
278,460
461,356
451,911
430,280
400,597
377,534
428,295
367,492
352,548
335,608
0

335,608

352,548

367,492

428,295

377,534

400,597

430,280

451,911

461,356

278,460

228,635

239,682

219,778

270,667

235,097

240,640

242,655

238,589

182,280

182,413

173,953

176,930

177,823

188,203

193,890

192,474

197,455

199,833

203,272

201,256

162,654

169,502

164,378

161,775

165,330

150,539

164,247

176,579

169,845

142,670

166,821

183,690

204,529

210,742

54,000

50,200

103,700

158,300

73,000

59,000

Net Receivables

0
0
0
0
8,055
15,262
16,002
17,514
5,529
6,011
5,118
7,617
8,633
8,691
9,196
9,524
10,165
8,734
8,853
7,243
7,807
6,905
7,038
5,587
5,582
5,458
33,623
6,323
9,005
8,061
8,109
7,452
4,851
4,908
5,904
5,817
6,188
5,324
5,070
5,601
7,162
5,690
5,733
6,052
6,497
8,200
7,057
7,643
8,427
9,651
8,220
8,859
9,550
9,651
10,684
10,477
14,004
12,000
16,098
13,386
14,266
15,063
19,095
18,354
18,329
19,270
30,079
33,443
23,692
23,095
24,052
17,743
14,646
15,166
16,241
19,008
23,593
26,532
28,184
33,627
0

33,627

28,184

26,532

23,593

19,008

16,241

15,166

14,646

17,743

24,052

23,095

23,692

33,443

30,079

19,270

18,329

18,354

19,095

15,063

14,266

13,386

16,098

12,000

14,004

10,477

10,684

9,651

9,550

8,859

8,220

9,651

8,427

7,643

7,057

8,200

6,497

6,052

5,733

5,690

7,162

5,601

5,070

5,324

6,188

5,817

5,904

4,908

4,851

7,452

8,109

8,061

9,005

6,323

33,623

5,458

5,582

5,587

7,038

6,905

7,807

7,243

8,853

8,734

10,165

9,524

9,196

8,691

8,633

7,617

5,118

6,011

5,529

17,514

16,002

15,262

8,055

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,653
0
0
0
9,025
0
0
0
10,322
14,246
17,702
15,871
19,003
16,272
68,529
19,642
24,340
24,848
23,584
24,837
22,340
21,316
26,666
31,816
27,288
32,765
26,113
24,248
24,834
23,388
817,401
804,625
814,840
930,958
1,095,105
1,071,554
964,166

964,166

1,071,554

1,095,105

930,958

814,840

804,625

817,401

23,388

24,834

24,248

26,113

32,765

27,288

31,816

26,666

21,316

22,340

24,837

23,584

24,848

24,340

19,642

68,529

16,272

19,003

15,871

17,702

14,246

10,322

9,025

6,653

> Long-term Assets

0
141,476
175,446
184,839
166,000
175,024
182,900
163,992
164,770
187,738
184,501
178,248
200,400
203,566
208,314
203,298
249,989
274,027
257,604
126,421
111,563
96,518
105,672
100,517
120,789
96,732
112,244
150,175
188,687
187,547
176,374
174,512
173,893
166,702
147,886
165,807
216,104
210,027
193,040
175,863
153,286
182,992
198,069
194,902
180,485
194,595
189,921
191,480
196,985
199,448
236,857
237,786
239,153
235,521
244,346
244,479
237,375
230,407
238,150
233,149
241,765
258,611
317,800
319,780
330,431
322,500
355,736
302,603
336,702
323,210
382,371
561,602
557,393
532,362
499,043
484,092
542,644
479,628
461,762
440,949
5,705,001

5,705,001

440,949

461,762

479,628

542,644

484,092

499,043

532,362

557,393

561,602

382,371

323,210

336,702

302,603

355,736

322,500

330,431

319,780

317,800

258,611

241,765

233,149

238,150

230,407

237,375

244,479

244,346

235,521

239,153

237,786

236,857

199,448

196,985

191,480

189,921

194,595

180,485

194,902

198,069

182,992

153,286

175,863

193,040

210,027

216,104

165,807

147,886

166,702

173,893

174,512

176,374

187,547

188,687

150,175

112,244

96,732

120,789

100,517

105,672

96,518

111,563

126,421

257,604

274,027

249,989

203,298

208,314

203,566

200,400

178,248

184,501

187,738

164,770

163,992

182,900

175,024

166,000

184,839

175,446

141,476

Property Plant Equipment

1,101
0
0
0
1,365
1,847
1,959
1,731
1,835
1,693
1,585
1,527
1,711
1,647
1,666
1,576
4,721
6,793
7,219
7,005
7,157
7,129
6,846
6,597
6,325
5,994
5,785
5,595
5,418
5,242
5,151
4,967
4,789
4,634
4,585
4,475
4,383
4,519
4,410
4,290
4,205
4,183
4,075
4,007
4,132
4,597
4,281
4,206
5,601
5,745
5,572
5,424
5,313
5,250
5,232
5,574
5,684
5,711
5,649
5,438
7,497
25,978
30,373
29,800
29,339
28,926
28,489
28,181
27,931
28,712
32,710
31,553
32,502
31,640
30,788
31,371
30,717
30,972
30,552
29,188
31,744

31,744

29,188

30,552

30,972

30,717

31,371

30,788

31,640

32,502

31,553

32,710

28,712

27,931

28,181

28,489

28,926

29,339

29,800

30,373

25,978

7,497

5,438

5,649

5,711

5,684

5,574

5,232

5,250

5,313

5,424

5,572

5,745

5,601

4,206

4,281

4,597

4,132

4,007

4,075

4,183

4,205

4,290

4,410

4,519

4,383

4,475

4,585

4,634

4,789

4,967

5,151

5,242

5,418

5,595

5,785

5,994

6,325

6,597

6,846

7,129

7,157

7,005

7,219

6,793

4,721

1,576

1,666

1,647

1,711

1,527

1,585

1,693

1,835

1,731

1,959

1,847

1,365

1,101

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
182,508
0
0
0
198,546
0
0
0
243,171
239,601
250,192
249,982
242,768
235,772
244,659
239,644
246,201
232,633
287,427
289,980
301,092
293,574
327,247
274,422
308,771
294,498
349,661
530,049
524,891
500,722
468,255
452,721
511,927
448,656
431,210
411,761
0

411,761

431,210

448,656

511,927

452,721

468,255

500,722

524,891

530,049

349,661

294,498

308,771

274,422

327,247

293,574

301,092

289,980

287,427

232,633

246,201

239,644

244,659

235,772

242,768

249,982

250,192

239,601

243,171

198,546

182,508

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
332,275
323,350
355,602
369,413
358,572
336,682
373,859
0
0
0
0
0
0
0
0
0
0
0
0
0
0

373,859

336,682

358,572

369,413

355,602

323,350

332,275

Long-term Assets Other

0
-141,476
-175,446
-184,839
-166,000
-175,024
-182,900
-163,992
-164,770
-187,738
-184,501
-178,248
-200,400
-203,566
-208,314
-203,298
-249,989
-274,027
-257,604
-126,421
-111,563
-96,518
-105,672
-100,517
-120,789
-96,732
-112,244
-150,175
-188,687
-187,547
-176,374
-174,512
-173,893
-166,702
-147,886
-165,807
-216,104
-210,027
-193,040
-175,863
-153,286
-182,992
-198,069
-194,902
-180,485
-194,595
-189,921
-191,480
-196,985
-199,448
-236,857
-237,786
-239,153
-235,521
-244,346
-244,479
-237,375
-230,407
-238,150
-233,149
-241,765
-258,611
-317,800
-319,780
-330,431
-322,500
-355,736
-302,603
-336,702
-323,210
-382,371
-561,602
-557,393
-532,362
-499,043
-484,092
-542,644
-479,628
-461,762
-440,949
21,598

21,598

-440,949

-461,762

-479,628

-542,644

-484,092

-499,043

-532,362

-557,393

-561,602

-382,371

-323,210

-336,702

-302,603

-355,736

-322,500

-330,431

-319,780

-317,800

-258,611

-241,765

-233,149

-238,150

-230,407

-237,375

-244,479

-244,346

-235,521

-239,153

-237,786

-236,857

-199,448

-196,985

-191,480

-189,921

-194,595

-180,485

-194,902

-198,069

-182,992

-153,286

-175,863

-193,040

-210,027

-216,104

-165,807

-147,886

-166,702

-173,893

-174,512

-176,374

-187,547

-188,687

-150,175

-112,244

-96,732

-120,789

-100,517

-105,672

-96,518

-111,563

-126,421

-257,604

-274,027

-249,989

-203,298

-208,314

-203,566

-200,400

-178,248

-184,501

-187,738

-164,770

-163,992

-182,900

-175,024

-166,000

-184,839

-175,446

-141,476

> Total Liabilities

694,089
737,186
778,450
798,424
830,462
873,778
915,852
977,053
1,012,874
1,031,027
1,082,112
1,096,070
1,202,909
1,235,773
1,279,223
1,345,421
1,389,658
1,401,271
1,376,789
1,306,028
1,345,740
1,301,676
1,234,955
1,275,436
1,221,407
1,290,374
1,161,032
1,184,941
1,114,532
1,052,162
1,081,915
1,106,320
1,151,749
1,183,647
1,242,742
1,302,202
1,367,018
1,395,460
1,462,873
1,500,880
1,562,043
1,590,594
1,681,361
1,767,498
1,819,128
1,893,974
1,920,291
2,025,364
2,334,701
2,409,776
2,633,288
2,819,166
2,923,533
3,118,546
3,274,170
3,348,447
3,414,825
3,410,896
3,573,578
3,676,219
3,799,784
3,896,138
3,842,983
4,036,404
4,158,466
4,253,849
4,515,728
4,581,707
4,618,194
4,908,735
5,016,939
5,417,819
5,459,585
5,547,071
5,641,449
5,702,290
5,794,932
5,804,996
5,999,175
5,962,022
5,974,062

5,974,062

5,962,022

5,999,175

5,804,996

5,794,932

5,702,290

5,641,449

5,547,071

5,459,585

5,417,819

5,016,939

4,908,735

4,618,194

4,581,707

4,515,728

4,253,849

4,158,466

4,036,404

3,842,983

3,896,138

3,799,784

3,676,219

3,573,578

3,410,896

3,414,825

3,348,447

3,274,170

3,118,546

2,923,533

2,819,166

2,633,288

2,409,776

2,334,701

2,025,364

1,920,291

1,893,974

1,819,128

1,767,498

1,681,361

1,590,594

1,562,043

1,500,880

1,462,873

1,395,460

1,367,018

1,302,202

1,242,742

1,183,647

1,151,749

1,106,320

1,081,915

1,052,162

1,114,532

1,184,941

1,161,032

1,290,374

1,221,407

1,275,436

1,234,955

1,301,676

1,345,740

1,306,028

1,376,789

1,401,271

1,389,658

1,345,421

1,279,223

1,235,773

1,202,909

1,096,070

1,082,112

1,031,027

1,012,874

977,053

915,852

873,778

830,462

798,424

778,450

737,186

694,089

> Total Current Liabilities

0
0
0
0
10,000
5,000
0
0
3,070
2,891
3,273
3,273
5,272
5,027
5,418
5,599
5,493
5,062
4,096
4,394
5,446
4,664
3,413
2,588
2,949
2,169
1,991
1,543
1,716
1,265
1,455
1,047
1,292
1,019
1,116
975
968
956
1,002
825
983
1,153
1,319
1,386
1,419
1,235
1,426
1,365
1,919
2,131
2,562
4,193
3,199
4,647
3,182
4,542
3,833
5,379
3,943
6,443
6,839
9,397
5,753
6,117
3,324
4,377
1,815
2,940
1,245
2,619
914
2,081
715
1,966
752
2,170
2,608
4,529
6,998
12,506
2,898,590

2,898,590

12,506

6,998

4,529

2,608

2,170

752

1,966

715

2,081

914

2,619

1,245

2,940

1,815

4,377

3,324

6,117

5,753

9,397

6,839

6,443

3,943

5,379

3,833

4,542

3,182

4,647

3,199

4,193

2,562

2,131

1,919

1,365

1,426

1,235

1,419

1,386

1,319

1,153

983

825

1,002

956

968

975

1,116

1,019

1,292

1,047

1,455

1,265

1,716

1,543

1,991

2,169

2,949

2,588

3,413

4,664

5,446

4,394

4,096

5,062

5,493

5,599

5,418

5,027

5,272

3,273

2,891

3,070

5,000

10,000

Short-term Debt

0
0
0
0
10,000
5,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,000
0
0
0
26,635
0
0
0
125,355
125,357
105,360
105,363
5,000
105,367
105,369
100,376
1,307
1,293
0
0
0
0
0
0
0
0
0
0
0
0
1,984
1,066
4,388
153,344
152,240
1,126
4,900

4,900

1,126

152,240

153,344

4,388

1,066

1,984

1,293

1,307

100,376

105,369

105,367

5,000

105,363

105,360

125,357

125,355

26,635

20,000

5,000

10,000

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
20,000
0
0
0
26,635
0
0
0
125,355
125,357
105,360
105,363
5,000
105,367
105,369
100,376
1,307
1,293
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,293

1,307

100,376

105,369

105,367

5,000

105,363

105,360

125,357

125,355

26,635

20,000

Accounts payable

662,812
0
0
0
801,535
850,171
876,575
942,965
3,070
2,891
3,273
3,273
5,272
5,027
5,418
5,599
5,493
5,062
4,096
4,394
5,446
4,664
3,413
2,588
2,949
2,169
1,991
1,543
1,716
1,265
1,455
1,047
1,292
1,019
1,116
975
968
956
1,002
825
983
1,153
1,319
1,386
1,419
1,235
1,426
1,365
1,919
2,131
2,562
4,193
3,199
4,647
3,182
4,542
3,833
5,379
3,943
6,443
6,839
9,397
5,753
6,117
3,324
4,377
1,815
2,940
1,245
2,619
914
2,081
715
1,966
752
2,170
2,608
4,529
6,998
12,506
0

12,506

6,998

4,529

2,608

2,170

752

1,966

715

2,081

914

2,619

1,245

2,940

1,815

4,377

3,324

6,117

5,753

9,397

6,839

6,443

3,943

5,379

3,833

4,542

3,182

4,647

3,199

4,193

2,562

2,131

1,919

1,365

1,426

1,235

1,419

1,386

1,319

1,153

983

825

1,002

956

968

975

1,116

1,019

1,292

1,047

1,455

1,265

1,716

1,543

1,991

2,169

2,949

2,588

3,413

4,664

5,446

4,394

4,096

5,062

5,493

5,599

5,418

5,027

5,272

3,273

2,891

3,070

942,965

876,575

850,171

801,535

662,812

Other Current Liabilities

0
0
0
0
0
0
0
0
-3,070
-2,891
-3,273
-3,273
-5,272
-5,027
-5,418
-5,599
-5,493
-5,062
-4,096
-4,394
-5,446
-4,664
-3,413
-2,588
-2,949
-2,169
-1,991
-1,543
-1,716
-1,265
-1,455
-1,047
-1,292
-1,019
-1,116
-975
-968
-956
-1,002
-825
-983
-1,153
-1,319
-1,386
-1,419
-1,235
-1,426
-1,365
-1,919
-2,131
-2,562
-4,193
-3,199
-4,647
-3,182
-4,542
-3,833
-5,379
-3,943
-6,443
-6,839
-9,397
-5,753
-6,117
-3,324
-4,377
-1,815
-2,940
-1,245
-2,619
-914
-2,081
-715
-1,966
-752
-2,170
-2,608
-4,529
-6,998
-12,506
2,893,690

2,893,690

-12,506

-6,998

-4,529

-2,608

-2,170

-752

-1,966

-715

-2,081

-914

-2,619

-1,245

-2,940

-1,815

-4,377

-3,324

-6,117

-5,753

-9,397

-6,839

-6,443

-3,943

-5,379

-3,833

-4,542

-3,182

-4,647

-3,199

-4,193

-2,562

-2,131

-1,919

-1,365

-1,426

-1,235

-1,419

-1,386

-1,319

-1,153

-983

-825

-1,002

-956

-968

-975

-1,116

-1,019

-1,292

-1,047

-1,455

-1,265

-1,716

-1,543

-1,991

-2,169

-2,949

-2,588

-3,413

-4,664

-5,446

-4,394

-4,096

-5,062

-5,493

-5,599

-5,418

-5,027

-5,272

-3,273

-2,891

-3,070

> Long-term Liabilities

0
20,000
20,000
15,000
5,000
5,000
25,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
65,000
111,000
75,000
68,000
63,000
58,000
83,996
83,996
63,996
48,996
48,996
40,996
35,996
25,996
25,996
25,996
25,996
25,996
1,019
1,116
975
968
956
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
26,635
26,601
88,048
125,395
125,355
125,357
105,360
105,363
105,364
105,367
105,369
100,376
100,394
121,967
120,565
120,138
119,708
119,249
118,862
118,410
118,016
118,696
171,074
169,632
170,619
169,719
752
2,170
2,608
4,529
318,224
166,611
3,075,472

3,075,472

166,611

318,224

4,529

2,608

2,170

752

169,719

170,619

169,632

171,074

118,696

118,016

118,410

118,862

119,249

119,708

120,138

120,565

121,967

100,394

100,376

105,369

105,367

105,364

105,363

105,360

125,357

125,355

125,395

88,048

26,601

26,635

20,000

956

968

975

1,116

1,019

25,996

35,996

40,996

48,996

63,996

83,996

58,000

63,000

68,000

75,000

111,000

65,000

20,000

25,000

5,000

15,000

20,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
99,087
99,118
99,149
99,180
99,211
99,242
99,273
0
0
0
0
0
0
0
0
0
0
0
0
0
0

99,273

99,242

99,211

99,180

99,149

99,118

99,087

Capital Lease Obligations Min Short Term Debt

0
0
0
0
-10,000
-5,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-20,000
0
0
0
-26,635
0
0
0
-125,355
-125,357
-105,360
-105,363
-5,000
-105,367
-105,369
-100,376
-1,307
20,263
21,416
20,958
20,497
20,007
19,589
19,106
18,682
19,331
23,287
21,933
22,861
21,901
19,131
20,626
16,561
-132,268
-132,130
17,312
-4,900

-4,900

17,312

-132,130

-132,268

16,561

20,626

19,131

21,901

22,861

21,933

23,287

19,331

18,682

19,106

19,589

20,007

20,497

20,958

21,416

20,263

-1,307

-100,376

-105,369

-105,367

-5,000

-105,363

-105,360

-125,357

-125,355

-26,635

-20,000

-5,000

-10,000

> Total Stockholder Equity

67,736
71,642
68,873
73,831
76,808
113,321
117,025
120,249
123,846
128,105
133,679
140,360
145,932
152,835
158,121
160,826
152,952
149,654
147,661
141,411
137,491
132,094
131,106
136,381
85,374
90,719
162,362
158,803
141,334
142,236
147,247
154,546
158,048
182,264
176,970
182,014
187,838
192,309
194,440
200,289
206,916
214,544
222,657
228,652
235,026
243,739
249,865
257,182
264,145
273,574
282,353
291,258
298,065
294,383
305,225
317,025
355,034
371,028
385,226
399,969
416,651
432,132
451,442
459,080
470,015
473,785
488,729
503,867
525,447
539,269
558,969
562,021
586,718
595,285
591,592
590,553
630,426
656,541
668,767
670,508
695,105

695,105

670,508

668,767

656,541

630,426

590,553

591,592

595,285

586,718

562,021

558,969

539,269

525,447

503,867

488,729

473,785

470,015

459,080

451,442

432,132

416,651

399,969

385,226

371,028

355,034

317,025

305,225

294,383

298,065

291,258

282,353

273,574

264,145

257,182

249,865

243,739

235,026

228,652

222,657

214,544

206,916

200,289

194,440

192,309

187,838

182,014

176,970

182,264

158,048

154,546

147,247

142,236

141,334

158,803

162,362

90,719

85,374

136,381

131,106

132,094

137,491

141,411

147,661

149,654

152,952

160,826

158,121

152,835

145,932

140,360

133,679

128,105

123,846

120,249

117,025

113,321

76,808

73,831

68,873

71,642

67,736

Common Stock

31,009
0
0
0
32,138
67,283
67,154
67,427
67,683
67,858
69,072
69,533
69,658
71,110
71,378
67,889
71,863
72,010
72,009
72,009
72,009
72,009
72,009
89,062
89,038
89,038
89,038
162,884
162,884
162,884
162,884
162,884
162,884
162,887
162,917
162,917
162,927
163,035
163,105
163,183
163,237
163,408
163,509
163,781
164,023
164,883
165,383
165,553
166,560
167,213
167,892
168,331
169,861
173,332
173,863
174,171
207,948
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882
210,882

210,882

207,948

174,171

173,863

173,332

169,861

168,331

167,892

167,213

166,560

165,553

165,383

164,883

164,023

163,781

163,509

163,408

163,237

163,183

163,105

163,035

162,927

162,917

162,887

162,884

89,038

89,062

72,009

72,010

71,863

67,889

71,378

71,110

69,658

69,533

69,072

67,858

67,683

67,427

67,154

67,283

32,138

31,009

Retained Earnings

36,727
0
0
0
44,591
47,277
50,272
53,506
57,305
60,815
65,245
69,957
75,219
79,943
85,151
90,536
94,595
96,280
95,356
90,979
84,996
84,480
78,682
64,345
13,267
16,376
13,149
-7,431
-18,767
-17,926
-16,185
-10,158
-6,391
15,348
9,739
12,566
17,481
21,511
25,780
30,812
36,680
41,833
48,042
53,015
58,552
63,545
69,432
75,629
81,046
86,715
93,119
100,804
108,261
115,931
124,740
135,497
139,684
152,728
166,302
180,793
194,855
209,012
224,401
239,914
255,050
261,095
271,923
284,568
300,969
316,481
332,276
352,843
372,952
392,610
414,393
443,409
475,072
505,207
535,373
566,027
592,325

592,325

566,027

535,373

505,207

475,072

443,409

414,393

392,610

372,952

352,843

332,276

316,481

300,969

284,568

271,923

261,095

255,050

239,914

224,401

209,012

194,855

180,793

166,302

152,728

139,684

135,497

124,740

115,931

108,261

100,804

93,119

86,715

81,046

75,629

69,432

63,545

58,552

53,015

48,042

41,833

36,680

30,812

25,780

21,511

17,481

12,566

9,739

15,348

-6,391

-10,158

-16,185

-17,926

-18,767

-7,431

13,149

16,376

13,267

64,345

78,682

84,480

84,996

90,979

95,356

96,280

94,595

90,536

85,151

79,943

75,219

69,957

65,245

60,815

57,305

53,506

50,272

47,277

44,591

36,727

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,425
48,272
49,805
51,076
52,350
56,584
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

56,584

52,350

51,076

49,805

48,272

47,425

Treasury Stock

-57,375

-55,054

-46,835

-36,373

-36,372

-34,529

-33,789

-33,233

-19,115

-19,116

-14,976

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
68,320
69,759
70,866
1,502
1,902
2,245
70,480
59,835
56,251
56,654
57,064
57,476
57,916
58,399
75,821
76,214
76,565
102,160
165,759
160,844
166,633
166,691
166,961
167,225
167,495
167,800
168,075
5,429
5,810
6,290
6,742
6,859
8,314
9,133
9,800
10,516
13,095
13,977
14,757
15,557
18,567
19,321
20,099
20,814
5,552
6,247
6,529
6,229
8,541
9,787
10,636
12,896
11,900
13,432
4,241
116
-791
1,305
2,637
6,562
7,711
9,076
-7,038
-2,042
-1,817
-12,885
-30,558
-26,923
-29,674
-43,478
-67,298
-76,348

-76,348

-67,298

-43,478

-29,674

-26,923

-30,558

-12,885

-1,817

-2,042

-7,038

9,076

7,711

6,562

2,637

1,305

-791

116

4,241

13,432

11,900

12,896

10,636

9,787

8,541

6,229

6,529

6,247

5,552

20,814

20,099

19,321

18,567

15,557

14,757

13,977

13,095

10,516

9,800

9,133

8,314

6,859

6,742

6,290

5,810

5,429

168,075

167,800

167,495

167,225

166,961

166,691

166,633

160,844

165,759

102,160

76,565

76,214

75,821

58,399

57,916

57,476

57,064

56,654

56,251

59,835

70,480

2,245

1,902

1,502

70,866

69,759

68,320

Balance Sheet

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
Accounts Payable	0	2,608	715	1,245	3,324	6,839	3,833	3,199	1,919	1,419	983	968	1,292	1,716	2,949	5,446	5,493	5,272	3,070	801,535	662,812	-
Accumulated Amortization	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	-
Accumulated Other Comprehensive Income	-31,754	-28,605	4,926	7,034	3,967	-1,982	1,173	-871	982	1,935	140	2,001	-2,786	-743	-4,107	-4,981	-1,478	-447	-1,142	79	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	-
Capital Lease Obligations	0	20,949	22,861	18,682	20,497	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	0	210,882	210,882	210,882	210,882	210,882	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	0	0	52,350	47,425	39,462	39,929	34,672	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash	-890,852	747,526	1,030,610	739,465	498,645	526,759	446,822	306,330	296,175	215,194	226,615	151,995	142,466	108,233	14,071	19,386	22,803	26,878	25,123	35,212	22,960	24,351
Cash And Equivalents	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	-890,852	1,175,821	1,482,521	979,147	739,285	709,172	635,025	506,163	465,677	365,733	369,285	362,737	142,466	108,233	14,071	19,386	22,803	26,878	25,123	35,212	0	24,351
Common Stock	210,882	210,882	210,882	210,882	210,882	210,882	207,948	169,861	166,560	164,023	163,237	162,927	162,884	162,884	89,038	72,009	71,863	69,658	67,683	32,138	31,009	-
Common Stock Shares Outstanding	14,262	14,809	14,866	14,885	15,060	15,060	14,493	13,987	13,678	13,620	13,364	13,247	12,996	6,830	3,104	1,962	2,116	2,111	2,039	1,742	1,636	1,717
Common Stock Total Equity	0	0	0	210,882	210,882	210,882	207,948	169,861	166,560	164,023	163,237	162,927	0	0	0	0	0	69,658	67,683	32,138	0	-
Current Deferred Revenue	0	-1,780	-3,295	-2,546	438	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	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	358,572	332,275	358,980	341,443	212,443	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	0	-814,840	-1,075,444	-786,753	-561,353	0	4,112	4,112	4,112	8,811	11,809	40,430	41,573	55,219	59,190	35,127	8,444	0	0	8,258	8,258	-
Liabilities And Stockholders Equity	6,669,167	6,425,358	6,046,303	5,143,641	4,628,481	4,216,435	3,769,859	3,221,598	2,598,846	2,054,154	1,768,959	1,554,856	1,309,797	1,255,866	1,306,781	1,483,231	1,542,610	1,348,841	1,136,720	907,270	0	706,052
Long Term Debt	0	147,995	147,758	99,334	99,211	100,394	105,364	125,355	26,635	20,000	20,000	0	0	25,996	25,996	23,000	111,000	20,000	20,000	5,000	15,000	-
Long Term Debt Total	0	0	0	0	99,211	99,087	98,963	98,839	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	0	511,927	524,891	308,771	301,092	234,268	231,691	233,840	198,546	182,508	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	-
Net Debt	1,058,850	-578,582	-859,991	-621,449	-378,937	-426,365	-341,458	-180,975	-269,540	-195,194	-206,615	-151,995	-116,470	-82,237	34,925	38,614	88,197	-6,878	-5,123	-20,212	0	-24,351
Net Invested Capital	0	778,421	734,476	624,781	569,226	517,045	460,398	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	0	23,593	14,646	23,692	18,329	14,266	14,004	9,550	8,427	6,497	7,162	6,188	4,851	9,005	5,582	7,807	10,165	8,633	5,529	8,055	0	-
Net Tangible Assets	0	630,426	583,733	522,752	470,015	416,651	355,034	298,065	264,145	235,026	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	-1,934,424	1,196,806	1,496,452	1,001,594	754,290	716,599	645,196	512,514	472,185	370,811	375,464	367,957	146,025	115,522	16,704	21,747	27,475	30,239	27,582	33,267	0	-
Non Current Assets Total	5,705,001	542,644	557,393	336,702	330,431	241,765	237,375	239,153	196,985	180,485	153,286	216,104	173,893	188,687	120,789	111,563	249,989	200,400	164,770	166,000	0	-
Non Current Liabilities Other	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	3,075,472	2,608	170,619	118,016	119,708	100,394	105,364	125,355	26,635	20,000	20,000	968	25,996	25,996	48,996	58,000	111,000	20,000	20,000	5,000	0	-
Non Currrent Assets Other	21,598	-542,644	-557,393	-336,702	-330,431	-241,765	-237,375	-239,153	-196,985	-180,485	-153,286	-216,104	-173,893	-188,687	-120,789	-111,563	-249,989	-200,400	-164,770	-166,000	0	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	0	4,683,300	3,991,743	3,804,100	3,540,436	3,251,232	2,883,455	2,466,732	1,927,757	1,501,439	1,239,226	969,827	988,587	949,941	1,166,339	1,344,475	1,259,653	1,112,930	941,298	698,003	20,851	706,052
Other Current Assets	964,166	814,840	1,075,444	786,753	561,353	24,340	19,003	10,322	9,025	6,653	0	0	0	0	0	0	0	0	0	0	0	-
Other Current Liab	2,893,690	-2,608	-715	-1,245	-3,324	-6,839	-3,833	-3,199	-1,919	-1,419	-983	-968	-1,292	-1,716	-2,949	-5,446	-5,493	-5,272	-3,070	0	0	-
Other Liab	0	38,583	54,151	53,271	36,761	32,792	28,966	22,583	12,491	22,713	10,668	7,530	7,373	7,179	11,999	29,631	20,465	21,297	15,279	11,425	10,723	-
Other Stockholder Equity	-76,348	-26,923	-2,042	6,562	116	12,896	6,229	20,814	15,557	10,516	6,859	5,429	167,225	160,844	76,214	57,476	59,835	1,502	0	0	0	59,918
Preferred Stock Redeemable	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	-
Property Plant And Equipment Gross	0	47,949	47,875	27,931	29,339	7,497	5,684	5,313	5,601	4,132	4,205	4,383	4,789	5,418	6,325	7,157	4,721	1,711	1,835	1,365	0	-
Property Plant And Equipment Net	31,744	30,717	32,502	27,931	29,339	7,497	5,684	5,313	5,601	4,132	4,205	4,383	4,789	5,418	6,325	7,157	4,721	1,711	1,835	1,365	0	-
Property Plant Equipment	0	30,717	32,502	27,931	29,339	7,497	5,684	5,313	5,601	4,132	4,205	4,383	4,789	5,418	6,325	7,157	4,721	1,711	1,835	1,365	1,101	-
Retained Earnings	592,325	475,072	372,952	300,969	255,050	194,855	139,684	108,261	81,046	58,552	36,680	17,481	-6,391	-18,767	13,267	84,996	94,595	75,219	57,305	44,591	36,727	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	1,307	5,000	125,355	26,635	20,000	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	167,998	168,944	170,619	118,016	119,708	100,394	105,364	125,355	26,635	20,000	20,000	0	25,996	25,996	48,996	58,000	111,000	20,000	20,000	15,000	0	-
Short Term Debt	4,900	4,388	4,010	3,791	2,886	1,307	5,000	125,355	26,635	20,000	0	0	0	0	0	0	0	0	0	10,000	0	-
Short Term Investments	0	428,295	451,911	239,682	240,640	182,413	188,203	199,833	169,502	150,539	142,670	210,742	0	0	54,000	50,200	0	103,700	158,300	73,000	59,000	-
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	-
Total Assets	6,669,167	6,425,358	6,046,303	5,143,641	4,628,481	4,216,435	3,769,859	3,221,598	2,598,846	2,054,154	1,768,959	1,554,856	1,309,797	1,255,866	1,306,781	1,483,231	1,542,610	1,348,841	1,136,720	907,270	761,825	706,052
Total Current Assets	964,166	1,199,414	1,497,167	1,002,839	757,614	723,438	649,029	515,713	474,104	372,230	376,447	368,925	147,317	117,238	19,653	27,193	32,968	35,511	30,652	43,267	0	24,351
Total Current Liabilities	2,898,590	2,608	715	1,245	3,324	6,839	3,833	3,199	1,919	1,419	983	968	1,292	1,716	2,949	5,446	5,493	5,272	3,070	10,000	0	-
Total Liab	5,974,062	5,794,932	5,459,585	4,618,194	4,158,466	3,799,784	3,414,825	2,923,533	2,334,701	1,819,128	1,562,043	1,367,018	1,151,749	1,114,532	1,221,407	1,345,740	1,389,658	1,202,909	1,012,874	830,462	694,089	646,134
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	695,105	630,426	586,718	525,447	470,015	416,651	355,034	298,065	264,145	235,026	206,916	187,838	158,048	141,334	85,374	137,491	152,952	145,932	123,846	76,808	67,736	59,918
Treasury Stock	0	0	0	0	-55,054	-34,529	-33,233	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-14,976	0	0	0	0	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-

	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
Accounts Payable	0	12,506	6,998	4,529	2,608	2,170	752	1,966	715	2,081	914	2,619	1,245	2,940	1,815	4,377	3,324	6,117	5,753	9,397	6,839	6,443	3,943	5,379	3,833	4,542	3,182	4,647	3,199	4,193	2,562	2,131	1,919	1,365	1,426	1,235	1,419	1,386	1,319	1,153	983	825	1,002	956	968	975	1,116	1,019	1,292	1,047	1,455	1,265	1,716	1,543	1,991	2,169	2,949	2,588	3,413	4,664	5,446	4,394	4,096	5,062	5,493	5,599	5,418	5,027	5,272	3,273	3,273	2,891	3,070	942,965	876,575	850,171	801,535	0	0	0	662,812
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
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
Accumulated Other Comprehensive Income	-31,754	-39,103	-34,010	-29,874	-28,605	-33,180	-20,798	-6,390	4,926	5,334	6,735	4,195	7,034	5,780	4,619	2,599	3,967	4,043	2,727	338	-1,982	-2,342	-1,745	-1,123	1,173	828	375	-432	-871	2,024	2,021	1,079	982	1,243	1,073	2,216	1,935	2,056	1,973	989	140	-448	-735	1,953	2,001	1,373	-569	-579	-2,786	-2,257	-3,259	-6,471	-743	475	-1,335	-2,222	-4,107	-3,785	-5,975	-10,302	-4,981	-6,632	-4,349	-2,877	-1,478	-190	-653	-120	-447	-463	-1,325	-1,030	-1,142	-684	-401	-1,239	79	73,831	68,873	71,642	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	18,438	20,110	21,076	20,949	21,692	21,115	21,901	22,861	21,933	23,287	19,331	18,682	19,106	19,589	20,007	20,497	20,958	21,416	21,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	0	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	56,584	52,350	51,076	49,805	48,272	47,425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	-890,852	998,508	1,029,745	865,691	747,526	729,484	748,658	965,162	1,030,610	1,060,634	876,474	921,626	739,465	780,291	630,683	461,369	498,645	409,189	304,121	554,002	526,759	430,440	373,021	308,524	446,822	413,040	395,034	329,855	306,330	325,522	316,985	251,047	296,175	199,707	163,015	192,053	215,194	238,232	207,585	184,430	226,615	160,405	171,100	158,657	151,995	175,616	191,917	149,418	142,466	136,680	120,619	79,481	108,233	194,759	159,906	222,011	14,071	37,002	38,115	20,641	19,386	26,136	25,639	20,272	22,803	31,389	38,097	23,992	26,878	22,820	28,680	25,067	25,123	25,855	26,639	19,807	35,212	31,521	27,119	36,128	22,960
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-890,852	1,334,116	1,382,293	1,233,183	1,175,821	1,107,018	1,149,255	1,395,442	1,482,521	1,521,990	1,154,934	1,150,261	979,147	1,000,069	901,350	696,466	739,285	651,844	542,710	736,282	709,172	604,393	549,951	486,347	635,025	606,930	587,508	527,310	506,163	528,794	518,241	413,701	465,677	364,085	324,790	357,383	365,733	402,479	384,164	354,275	369,285	327,226	354,790	363,186	362,737	175,616	191,917	149,418	142,466	136,680	120,619	79,481	108,233	194,759	159,906	222,011	14,071	37,002	38,115	20,641	19,386	26,136	25,639	20,272	22,803	31,389	38,097	23,992	26,878	22,820	28,680	25,067	25,123	25,855	26,639	19,807	35,212	31,521	27,119	36,128	0
Common Stock	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	207,948	174,171	173,863	173,332	169,861	168,331	167,892	167,213	166,560	165,553	165,383	164,883	164,023	163,781	163,509	163,408	163,237	163,183	163,105	163,035	162,927	162,917	162,917	162,887	162,884	162,884	162,884	162,884	162,884	162,884	89,038	89,038	89,038	89,062	72,009	72,009	72,009	72,009	72,009	72,010	71,863	67,889	71,378	71,110	69,658	69,533	69,072	67,858	67,683	67,427	67,154	67,283	32,138	0	0	0	31,009
Common Stock Shares Outstanding	13,804	14,106	14,561	14,602	14,617	14,644	15,007	14,979	14,885	14,885	14,955	14,950	14,894	14,894	14,879	14,871	14,871	15,091	15,171	15,146	15,146	15,064	15,063	15,044	15,035	14,427	14,407	14,386	14,315	13,997	13,957	13,911	13,797	13,690	13,659	13,806	13,397	13,640	13,613	13,534	13,242	13,370	13,355	13,322	13,071	13,256	13,051	13,223	13,024	13,016	12,997	13,188	12,987	7,950	3,134	3,177	2,187	2,167	1,971	1,958	1,951	1,951	1,951	1,988	2,076	2,131	2,136	2,136	2,050	2,121	2,104	2,093	1,999	2,079	2,069	1,909	1,636	1,636	1,636	1,636	0
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	210,882	207,948	174,171	173,863	173,332	169,861	168,331	167,892	167,213	166,560	165,553	165,383	164,883	164,023	163,781	163,509	163,408	163,237	163,183	163,105	163,035	162,927	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	71,378	71,110	69,658	0	0	0	67,683	67,427	67,154	67,283	32,138	0	0	0	0
Current Deferred Revenue	0	11,380	-145,242	-148,815	-1,780	1,104	-1,232	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	373,859	336,682	358,572	369,413	355,602	323,350	332,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	-1,071,554	-1,095,105	-930,958	-814,840	-804,625	-817,401	15,547	0	0	0	0	0	0	0	0	0	0	0	0	0	4,112	4,112	4,112	4,552	4,112	4,112	4,112	4,112	4,112	4,112	4,112	4,112	0	0	8,811	8,811	0	8,387	14,879	11,809	23,265	29,198	35,544	40,430	44,532	49,602	39,940	41,573	42,849	61,651	42,224	55,219	64,139	75,477	76,478	59,190	50,071	50,647	43,032	35,127	26,470	8,441	8,441	8,444	0	0	0	0	809	0	0	0	0	0	0	8,258	0	0	0	8,258
Liabilities And Stockholders Equity	6,669,167	6,632,530	6,667,942	6,461,537	6,425,358	6,292,843	6,233,041	6,142,356	6,046,303	5,979,840	5,575,908	5,448,004	5,143,641	5,085,574	5,004,457	4,727,634	4,628,481	4,495,484	4,294,425	4,328,270	4,216,435	4,076,188	3,958,804	3,781,924	3,769,859	3,665,472	3,579,395	3,412,929	3,221,598	3,110,424	2,915,641	2,683,350	2,598,846	2,282,546	2,170,156	2,137,713	2,054,154	1,996,150	1,904,018	1,805,138	1,768,959	1,701,169	1,657,313	1,587,769	1,554,856	1,484,216	1,419,712	1,365,911	1,309,797	1,260,866	1,229,162	1,194,398	1,255,866	1,343,744	1,323,394	1,381,093	1,306,781	1,411,817	1,366,061	1,433,770	1,483,231	1,447,439	1,524,450	1,550,925	1,542,610	1,506,247	1,437,344	1,388,608	1,348,841	1,236,430	1,215,791	1,159,132	1,136,720	1,097,302	1,032,877	987,099	907,270	872,255	847,323	808,828	0
Long Term Debt	0	148,173	298,114	298,055	147,995	147,936	147,877	147,818	147,758	147,699	147,787	99,365	99,334	99,304	99,273	99,242	99,211	99,180	99,149	100,411	99,087	100,376	105,369	105,367	105,364	105,363	105,360	125,357	125,355	125,395	88,048	26,601	26,635	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	0	0	0	0	0	25,996	25,996	25,996	25,996	25,996	35,996	40,996	48,996	48,996	63,996	83,996	83,996	58,000	63,000	68,000	75,000	111,000	65,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	0	0	10,000	15,000	0	0	0	15,000
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	99,273	99,242	99,211	99,180	99,149	99,118	99,087	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	411,761	431,210	448,656	511,927	452,721	468,255	500,722	524,891	530,049	349,661	294,498	308,771	274,422	327,247	293,574	301,092	289,980	287,427	232,633	246,201	239,644	244,659	235,772	242,768	249,982	250,192	239,601	243,171	0	0	0	198,546	0	0	0	182,508	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	1,058,850	-831,897	-711,521	-546,560	-578,582	-559,856	-579,666	-795,443	-859,991	-891,002	-705,400	-802,930	-621,449	-661,881	-511,821	-342,120	-378,937	-289,051	-183,556	-432,035	-426,365	-330,064	-267,652	-203,157	-341,458	-307,677	-289,674	-204,498	-180,975	-200,127	-228,937	-224,446	-269,540	-179,707	-143,015	-172,053	-195,194	-218,232	-187,585	-164,430	-206,615	-140,405	-151,100	-158,657	-151,995	-175,616	-191,917	-149,418	-116,470	-110,684	-94,623	-53,485	-82,237	-158,763	-118,910	-173,015	34,925	26,994	45,881	63,355	38,614	36,864	42,361	54,728	88,197	33,611	-18,097	-3,992	-6,878	-2,820	-8,680	-5,067	-5,123	-5,855	-1,639	-9,807	-20,212	-16,521	-7,119	-16,128	0
Net Invested Capital	0	818,681	966,881	954,596	778,421	738,489	739,469	743,103	734,476	709,720	706,756	638,634	624,781	603,171	588,002	573,027	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	33,627	28,184	26,532	23,593	19,008	16,241	15,166	14,646	17,743	24,052	23,095	23,692	33,443	30,079	19,270	18,329	18,354	19,095	15,063	14,266	13,386	16,098	12,000	14,004	10,477	10,684	9,651	9,550	8,859	8,220	9,651	8,427	7,643	7,057	8,200	6,497	6,052	5,733	5,690	7,162	5,601	5,070	5,324	6,188	5,817	5,904	4,908	4,851	7,452	8,109	8,061	9,005	6,323	33,623	5,458	5,582	5,587	7,038	6,905	7,807	7,243	8,853	8,734	10,165	9,524	9,196	8,691	8,633	7,617	5,118	6,011	5,529	17,514	16,002	15,262	8,055	0	0	0	0
Net Tangible Assets	0	670,508	668,767	0	630,426	590,553	591,592	595,285	583,733	562,021	558,969	539,269	522,752	503,867	488,729	473,785	470,015	459,080	451,442	432,132	416,651	399,969	385,226	371,028	355,034	317,025	305,225	294,383	298,065	0	0	0	264,145	0	0	0	235,026	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,934,424	1,355,237	1,403,479	1,255,186	1,196,806	1,123,856	1,164,744	1,408,642	1,496,452	1,537,652	1,178,072	1,170,737	1,001,594	1,030,572	929,614	711,359	754,290	664,081	556,052	741,948	716,599	611,336	562,106	492,968	645,196	612,865	595,010	532,314	512,514	533,460	523,899	421,221	472,185	370,363	330,421	364,348	370,811	407,145	388,578	358,812	375,464	332,002	358,858	367,554	367,957	180,458	196,705	153,307	146,025	143,085	127,273	86,277	115,522	199,539	191,538	225,300	16,704	40,001	41,740	22,882	21,747	28,985	30,396	23,944	27,475	35,314	41,875	27,656	30,239	27,164	30,525	28,187	27,582	0	0	30,069	33,267	0	0	0	0
Non Current Assets Total	5,705,001	440,949	461,762	479,628	542,644	484,092	499,043	532,362	557,393	561,602	382,371	323,210	336,702	302,603	355,736	322,500	330,431	319,780	317,800	258,611	241,765	233,149	238,150	230,407	237,375	244,479	244,346	235,521	239,153	237,786	236,857	199,448	196,985	191,480	189,921	194,595	180,485	194,902	198,069	182,992	153,286	175,863	193,040	210,027	216,104	165,807	147,886	166,702	173,893	174,512	176,374	187,547	188,687	150,175	112,244	96,732	120,789	100,517	105,672	96,518	111,563	126,421	257,604	274,027	249,989	203,298	208,314	203,566	200,400	178,248	184,501	187,738	164,770	163,992	182,900	175,024	166,000	184,839	175,446	141,476	0
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	3,075,472	166,611	318,224	4,529	2,608	2,170	752	169,719	170,619	169,632	171,074	118,696	118,016	118,410	118,862	119,249	119,708	120,138	120,565	121,967	100,394	100,376	105,369	105,367	105,364	105,363	105,360	125,357	125,355	125,395	88,048	26,601	26,635	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	956	968	975	1,116	1,019	25,996	25,996	25,996	25,996	25,996	35,996	40,996	48,996	48,996	63,996	83,996	83,996	58,000	63,000	68,000	75,000	111,000	65,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	25,000	5,000	5,000	15,000	20,000	20,000	0
Non Currrent Assets Other	21,598	-440,949	-461,762	-479,628	-542,644	-484,092	-499,043	-532,362	-557,393	-561,602	-382,371	-323,210	-336,702	-302,603	-355,736	-322,500	-330,431	-319,780	-317,800	-258,611	-241,765	-233,149	-238,150	-230,407	-237,375	-244,479	-244,346	-235,521	-239,153	-237,786	-236,857	-199,448	-196,985	-191,480	-189,921	-194,595	-180,485	-194,902	-198,069	-182,992	-153,286	-175,863	-193,040	-210,027	-216,104	-165,807	-147,886	-166,702	-173,893	-174,512	-176,374	-187,547	-188,687	-150,175	-112,244	-96,732	-120,789	-100,517	-105,672	-96,518	-111,563	-126,421	-257,604	-274,027	-249,989	-203,298	-208,314	-203,566	-200,400	-178,248	-184,501	-187,738	-164,770	-163,992	-182,900	-175,024	-166,000	-184,839	-175,446	-141,476	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	4,823,838	4,795,703	4,722,194	4,683,300	4,682,725	4,568,502	4,199,386	3,991,743	3,878,505	4,014,551	3,951,438	3,804,100	3,749,459	3,717,292	3,689,398	3,540,436	3,505,506	3,414,820	3,318,314	3,251,232	3,225,260	3,154,605	3,053,170	2,883,455	2,803,586	2,736,857	2,640,447	2,466,732	2,334,985	2,152,323	2,060,550	1,927,757	1,719,338	1,648,388	1,577,535	1,501,439	1,392,717	1,316,052	1,262,181	1,239,226	1,192,479	1,104,413	1,009,232	969,827	1,136,976	1,074,005	1,044,883	988,587	942,222	924,060	919,309	949,941	992,487	1,017,621	1,056,892	1,166,339	1,268,711	1,215,236	1,309,706	1,344,475	1,287,639	1,232,354	1,247,892	1,259,653	1,262,036	1,181,737	1,152,359	1,112,930	1,027,745	997,492	940,316	941,298	889,941	807,336	777,006	698,003	655,895	644,758	631,224	174,016
Other Current Assets	964,166	1,071,554	1,095,105	930,958	814,840	804,625	817,401	23,388	24,834	24,248	26,113	32,765	27,288	31,816	26,666	21,316	22,340	24,837	23,584	24,848	24,340	19,642	68,529	16,272	19,003	15,871	17,702	14,246	10,322	0	0	0	9,025	0	0	0	6,653	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	2,893,690	-12,506	-6,998	-4,529	-2,608	-2,170	-752	-1,966	-715	-2,081	-914	-2,619	-1,245	-2,940	-1,815	-4,377	-3,324	-6,117	-5,753	-9,397	-6,839	-6,443	-3,943	-5,379	-3,833	-4,542	-3,182	-4,647	-3,199	-4,193	-2,562	-2,131	-1,919	-1,365	-1,426	-1,235	-1,419	-1,386	-1,319	-1,153	-983	-825	-1,002	-956	-968	-975	-1,116	-1,019	-1,292	-1,047	-1,455	-1,265	-1,716	-1,543	-1,991	-2,169	-2,949	-2,588	-3,413	-4,664	-5,446	-4,394	-4,096	-5,062	-5,493	-5,599	-5,418	-5,027	-5,272	-3,273	-3,273	-2,891	-3,070	0	0	0	0	0	0	0	0
Other Liab	0	99,531	73,784	57,994	38,583	51,666	39,436	57,495	54,151	37,993	40,848	40,953	53,271	24,418	38,703	24,186	36,761	24,237	20,413	24,062	32,792	44,394	45,718	43,852	46,771	48,602	47,536	42,543	34,454	33,775	29,376	25,316	21,507	17,729	18,093	17,024	22,869	26,444	11,542	8,535	12,729	10,743	10,630	11,461	9,491	10,292	6,860	7,467	7,800	6,123	6,188	11,265	7,271	16,314	8,997	10,417	11,999	15,568	11,100	12,395	30,417	17,423	16,264	16,311	25,548	32,675	24,220	20,102	21,565	18,450	16,179	15,717	15,907	14,088	14,277	13,607	13,927	0	0	0	16,277
Other Stockholder Equity	-76,348	-67,298	-43,478	-29,674	-26,923	-30,558	-12,885	-1,817	-2,042	-7,038	9,076	7,711	6,562	2,637	1,305	-791	116	4,241	13,432	11,900	12,896	10,636	9,787	8,541	6,229	6,529	6,247	5,552	20,814	20,099	19,321	18,567	15,557	14,757	13,977	13,095	10,516	9,800	9,133	8,314	6,859	6,742	6,290	5,810	5,429	168,075	167,800	167,495	167,225	166,961	166,691	166,633	160,844	165,759	102,160	76,565	76,214	75,821	58,399	57,916	57,476	57,064	56,654	56,251	59,835	70,480	2,245	1,902	1,502	70,866	69,759	68,320	0	0	0	0	0	0	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	48,388	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	29,188	30,552	30,972	47,949	31,371	0	0	0	0	32,710	28,712	27,931	28,181	28,489	28,926	29,339	29,800	30,373	25,978	7,497	5,438	5,649	5,711	5,684	5,574	5,232	5,250	5,313	5,424	5,572	5,745	5,601	4,206	4,281	4,597	4,132	4,007	4,075	4,183	4,205	4,290	4,410	4,519	4,383	4,475	4,585	4,634	4,789	4,967	5,151	5,242	5,418	5,595	5,785	5,994	6,325	6,597	6,846	7,129	7,157	7,005	7,219	6,793	4,721	1,576	1,666	1,647	1,711	1,527	1,585	1,693	1,835	1,731	1,959	1,847	1,365	0	0	0	0
Property Plant And Equipment Net	31,744	29,188	30,552	30,972	30,717	31,371	30,788	31,640	32,502	31,553	32,710	28,712	27,931	28,181	28,489	28,926	29,339	29,800	30,373	25,978	7,497	5,438	5,649	5,711	5,684	5,574	5,232	5,250	5,313	5,424	5,572	5,745	5,601	4,206	4,281	4,597	4,132	4,007	4,075	4,183	4,205	4,290	4,410	4,519	4,383	4,475	4,585	4,634	4,789	4,967	5,151	5,242	5,418	5,595	5,785	5,994	6,325	6,597	6,846	7,129	7,157	7,005	7,219	6,793	4,721	1,576	1,666	1,647	1,711	1,527	1,585	1,693	1,835	1,731	1,959	1,847	1,365	0	0	0	0
Property Plant Equipment	0	29,188	30,552	0	30,717	31,371	30,788	31,640	32,502	31,553	32,710	28,712	27,931	28,181	28,489	28,926	29,339	29,800	30,373	25,978	7,497	5,438	5,649	5,711	5,684	5,574	5,232	5,250	5,313	5,424	5,572	5,745	5,601	4,206	4,281	4,597	4,132	4,007	4,075	4,183	4,205	4,290	4,410	4,519	4,383	4,475	4,585	4,634	4,789	4,967	5,151	5,242	5,418	5,595	5,785	5,994	6,325	6,597	6,846	7,129	7,157	7,005	7,219	6,793	4,721	1,576	1,666	1,647	1,711	1,527	1,585	1,693	1,835	1,731	1,959	1,847	1,365	0	0	0	1,101
Retained Earnings	592,325	566,027	535,373	505,207	475,072	443,409	414,393	392,610	372,952	352,843	332,276	316,481	300,969	284,568	271,923	261,095	255,050	239,914	224,401	209,012	194,855	180,793	166,302	152,728	139,684	135,497	124,740	115,931	108,261	100,804	93,119	86,715	81,046	75,629	69,432	63,545	58,552	53,015	48,042	41,833	36,680	30,812	25,780	21,511	17,481	12,566	9,739	15,348	-6,391	-10,158	-16,185	-17,926	-18,767	-7,431	13,149	16,376	13,267	64,345	78,682	84,480	84,996	90,979	95,356	96,280	94,595	90,536	85,151	79,943	75,219	69,957	65,245	60,815	57,305	53,506	50,272	47,277	44,591	0	0	0	36,727
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,293	1,307	100,376	105,369	105,367	5,000	105,363	105,360	125,357	125,355	0	0	0	26,635	0	0	0	20,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	167,998	166,611	318,224	319,131	168,944	169,628	168,992	169,719	170,619	169,632	171,074	118,696	118,016	118,410	118,862	119,249	119,708	120,138	120,565	121,967	100,394	100,376	105,369	105,367	105,364	105,363	105,360	125,357	125,355	125,395	88,048	26,601	26,635	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	0	0	0	0	0	25,996	25,996	25,996	25,996	25,996	35,996	40,996	48,996	48,996	63,996	83,996	83,996	58,000	63,000	68,000	75,000	111,000	65,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	25,000	10,000	15,000	15,000	20,000	20,000	0
Short Term Debt	4,900	1,126	152,240	153,344	4,388	1,066	1,984	0	0	0	0	0	0	0	0	0	0	0	0	1,293	1,307	100,376	105,369	105,367	5,000	105,363	105,360	125,357	125,355	0	0	0	26,635	0	0	0	20,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,000	10,000	0	0	0	0
Short Term Investments	0	335,608	352,548	367,492	428,295	377,534	400,597	430,280	451,911	461,356	278,460	228,635	239,682	219,778	270,667	235,097	240,640	242,655	238,589	182,280	182,413	173,953	176,930	177,823	188,203	193,890	192,474	197,455	199,833	203,272	201,256	162,654	169,502	164,378	161,775	165,330	150,539	164,247	176,579	169,845	142,670	166,821	183,690	204,529	210,742	0	0	0	0	0	0	0	0	0	0	0	54,000	0	0	0	50,200	0	0	0	0	0	0	0	103,700	0	0	0	158,300	0	0	0	73,000	0	0	0	59,000
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,669,167	6,632,530	6,667,942	6,461,537	6,425,358	6,292,843	6,233,041	6,142,356	6,046,303	5,979,840	5,575,908	5,448,004	5,143,641	5,085,574	5,004,457	4,727,634	4,628,481	4,495,484	4,294,425	4,328,270	4,216,435	4,076,188	3,958,804	3,781,924	3,769,859	3,665,472	3,579,395	3,412,929	3,221,598	3,110,424	2,915,641	2,683,350	2,598,846	2,282,546	2,170,156	2,137,713	2,054,154	1,996,150	1,904,018	1,805,138	1,768,959	1,701,169	1,657,313	1,587,769	1,554,856	1,484,216	1,419,712	1,365,911	1,309,797	1,260,866	1,229,162	1,194,398	1,255,866	1,343,744	1,323,394	1,381,093	1,306,781	1,411,817	1,366,061	1,433,770	1,483,231	1,447,439	1,524,450	1,550,925	1,542,610	1,506,247	1,437,344	1,388,608	1,348,841	1,236,430	1,215,791	1,159,132	1,136,720	1,097,302	1,032,877	987,099	907,270	872,255	847,323	808,828	761,825
Total Current Assets	964,166	1,367,743	1,410,477	1,259,715	1,199,414	1,126,026	1,165,496	1,410,608	1,497,167	1,539,733	1,178,986	1,173,356	1,002,839	1,033,512	931,429	715,736	757,614	670,198	561,805	751,345	723,438	617,779	566,049	498,347	649,029	617,407	598,192	536,961	515,713	537,653	526,461	423,352	474,104	371,728	331,847	365,583	372,230	408,531	389,897	359,965	376,447	332,827	359,860	368,510	368,925	181,433	197,821	154,326	147,317	144,132	128,728	87,542	117,238	201,082	193,529	227,469	19,653	42,589	45,153	27,546	27,193	33,379	34,492	29,006	32,968	40,913	47,293	32,683	35,511	30,437	33,798	31,078	30,652	43,369	42,641	35,069	43,267	31,521	27,119	36,128	0
Total Current Liabilities	2,898,590	12,506	6,998	4,529	2,608	2,170	752	1,966	715	2,081	914	2,619	1,245	2,940	1,815	4,377	3,324	6,117	5,753	9,397	6,839	6,443	3,943	5,379	3,833	4,542	3,182	4,647	3,199	4,193	2,562	2,131	1,919	1,365	1,426	1,235	1,419	1,386	1,319	1,153	983	825	1,002	956	968	975	1,116	1,019	1,292	1,047	1,455	1,265	1,716	1,543	1,991	2,169	2,949	2,588	3,413	4,664	5,446	4,394	4,096	5,062	5,493	5,599	5,418	5,027	5,272	3,273	3,273	2,891	3,070	0	0	5,000	10,000	0	0	0	0
Total Liab	5,974,062	5,962,022	5,999,175	5,804,996	5,794,932	5,702,290	5,641,449	5,547,071	5,459,585	5,417,819	5,016,939	4,908,735	4,618,194	4,581,707	4,515,728	4,253,849	4,158,466	4,036,404	3,842,983	3,896,138	3,799,784	3,676,219	3,573,578	3,410,896	3,414,825	3,348,447	3,274,170	3,118,546	2,923,533	2,819,166	2,633,288	2,409,776	2,334,701	2,025,364	1,920,291	1,893,974	1,819,128	1,767,498	1,681,361	1,590,594	1,562,043	1,500,880	1,462,873	1,395,460	1,367,018	1,302,202	1,242,742	1,183,647	1,151,749	1,106,320	1,081,915	1,052,162	1,114,532	1,184,941	1,161,032	1,290,374	1,221,407	1,275,436	1,234,955	1,301,676	1,345,740	1,306,028	1,376,789	1,401,271	1,389,658	1,345,421	1,279,223	1,235,773	1,202,909	1,096,070	1,082,112	1,031,027	1,012,874	977,053	915,852	873,778	830,462	798,424	778,450	737,186	694,089
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	695,105	670,508	668,767	656,541	630,426	590,553	591,592	595,285	586,718	562,021	558,969	539,269	525,447	503,867	488,729	473,785	470,015	459,080	451,442	432,132	416,651	399,969	385,226	371,028	355,034	317,025	305,225	294,383	298,065	291,258	282,353	273,574	264,145	257,182	249,865	243,739	235,026	228,652	222,657	214,544	206,916	200,289	194,440	192,309	187,838	182,014	176,970	182,264	158,048	154,546	147,247	142,236	141,334	158,803	162,362	90,719	85,374	136,381	131,106	132,094	137,491	141,411	147,661	149,654	152,952	160,826	158,121	152,835	145,932	140,360	133,679	128,105	123,846	120,249	117,025	113,321	76,808	73,831	68,873	71,642	67,736
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-57,375	-55,054	-46,835	-36,373	-36,372	-34,529	-33,789	-33,789	-33,789	-33,233	-33,233	-33,233	-33,233	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,115	-19,116	-14,976	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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
Begin Period Cash Flow	749,484	1,050,610	759,465	535,645	602,759	555,322	403,830	309,175	240,194	246,615	151,995	142,466	108,233	68,071	69,586	22,803	130,578	183,423	108,212	81,960	0
Capital Expenditures	2,415	356	603	1,498	6,088	2,766	1,360	641	2,092	442	508	244	109	11	281	3,217	3,585	444	1,049	756	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	143,326	-283,084	291,145	223,820	-67,114	47,437	151,492	94,655	68,981	-6,421	94,620	9,529	34,233	40,162	-1,515	46,783	-107,775	-52,845	75,211	26,252	0
Change In Working Capital	-1,042	-3,004	13,306	-2,828	-7,431	7,813	-8,866	7,801	-5,989	11,435	2,274	-3,977	3,931	28,739	-35,597	-173	-12,778	2,356	-5,720	4,350	0
Change Receivables	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	-12,969	-8,616	7,864	-2,280	-1,379	-4,025	-3,352	286	-7,885	5,481	377	-4,135	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	2,280	1,379	6,738	639	1,355	8,421	-2,072	-1,618	4,135	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	15,788	8,092	35,037	14,046	19,073	17,482	7,465	3,622	6,809	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	5,612	5,442	-548	-6,052	9,125	-2,801	5,874	1,360	8,026	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,720	1,890	1,895	1,909	1,342	953	990	929	623	484	686	650	738	895	1,113	782	-502	315	2,790	1,507	0
Dividends Paid	31,143	25,141	21,425	17,915	18,288	15,625	11,036	8,438	6,302	1,348	0	0	0	0	780	4,587	7,091	5,437	4,111	3,318	0
End Period Cash Flow	143,326	767,526	1,050,610	759,465	535,645	602,759	555,322	403,830	309,175	240,194	246,615	151,995	142,466	108,233	68,071	69,586	22,803	130,578	183,423	108,212	81,960
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	172,584	143,400	119,031	102,267	80,669	96,246	51,820	51,985	26,145	42,401	32,630	26,216	25,042	46,244	5,214	27,011	13,705	27,349	13,627	11,495	0
Investments	-92,973	-699,892	-620,007	-318,768	-457,104	-409,480	-389,494	-530,181	-23,360	-18,010	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	1,709	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	47,631	47,631	-1,299	-5,035	-20,000	100,531	6,635	6,635	0	0	0	0	0	0	0	0	0	0	0
Net Income	150,040	128,845	95,240	69,468	78,371	70,993	43,394	36,369	29,743	24,592	19,199	23,872	12,234	-16,810	-72,535	-5,012	26,467	23,351	16,825	11,152	9,033
Other Cashflows From Financing Activities	152,345	331,486	930,662	459,186	343,609	378,152	500,410	580,648	526,943	247,731	192,097	239,616	36,688	-79,147	-70,915	11	205,256	187,614	225,972	144,851	0
Other Cashflows From Investing Activities	0	-15,325	-15,325	-1,899	-1,169	-856	-1,746	-2,169	-471,170	-294,057	24,766	7,945	14,982	30,607	34,336	848	0	0	13,095	0	0
Other Non Cash Items	32,266	11,085	1,464	30,058	8,908	12,156	6,252	6,607	2,462	2,024	4,555	24,824	14,168	29,191	90,531	44,090	6,089	3,190	2,115	1,846	0
Sale Purchase Of Stock	-55,235	-33,293	-17,719	-2,448	-20,540	-1,296	-14,118	3,301	2,537	786	0	0	0	0	0	-4,139	0	0	0	0	0
Stock Based Compensation	-3,440	8,412	9,115	8,894	7,760	8,031	3,626	2,378	3,153	3,573	1,430	1,087	1,059	1,671	1,813	1,623	0	0	0	-36	0
Total Cash From Financing Activities	65,967	273,052	791,518	438,823	303,482	357,905	487,806	572,210	514,006	246,383	192,097	213,620	36,688	-32,104	-89,770	-57,355	163,165	180,677	211,861	136,533	0
Total Cash From Operating Activities	174,999	143,756	119,634	103,765	86,757	99,012	53,180	52,626	28,237	42,843	33,138	26,460	25,151	46,255	5,495	30,228	17,290	27,793	14,676	12,251	0
Total Cashflows From Investing Activities	0	-699,892	-620,007	-318,768	-457,104	-409,480	-389,494	-530,181	-473,262	-294,499	0	0	0	26,011	82,760	73,910	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
Begin Period Cash Flow	1,021,108	1,049,745	885,691	767,526	749,484	768,658	985,162	1,050,610	1,082,634	896,474	943,126	759,465	807,791	656,183	484,869	535,645	465,189	351,121	623,002	602,759	531,240	493,521	421,024	555,322	503,240	502,534	450,355	403,830	405,522	376,485	293,547	309,175	232,707	208,015	242,053	240,194	248,232	232,585	214,430	246,615	190,405	181,100	158,657	151,995	185,616	201,917	149,418	142,466	136,680	120,619	79,481	108,233	194,759	159,906	222,011	68,071	117,002	38,115	82,641	69,586	64,136	28,139	22,472	22,803	71,939	97,097	109,792	130,578	118,720	121,680	124,847	183,423	151,055	136,739	146,207	108,212	81,960	0	0	0	0
Capital Expenditures	1,390	319	495	211	68	89	57	142	60	226	116	201	513	446	223	316	251	74	3,248	2,515	2,288	16	166	296	377	585	222	176	126	82	62	371	1,596	71	179	604	279	46	19	136	69	80	62	297	67	54	115	8	109	121	222	13	11	-190	-209	-331	23	258	-283	81	381	46	581	2,209	3,289	55	162	79	322	75	37	10	267	782	258	591	756	0	0	0	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-110,256	-28,637	164,054	118,165	18,042	-19,174	-216,504	-65,448	-32,024	186,160	-46,652	183,661	-48,326	151,608	171,314	-50,776	70,456	114,068	-271,881	20,243	71,519	37,719	72,497	-134,298	52,082	706	52,179	46,525	-1,692	29,037	82,938	-15,628	76,468	24,692	-34,038	1,859	-8,038	15,647	18,155	-32,185	56,210	9,305	22,443	6,662	-33,621	-16,301	52,499	6,952	5,786	16,061	41,138	-28,752	-86,526	34,853	-62,105	153,940	-48,931	78,887	-44,526	13,055	5,450	35,997	5,667	-331	-49,136	-25,158	-12,695	-20,786	11,858	-2,960	-3,167	-58,576	32,368	14,316	-9,468	37,995	26,252	0	0	0	0
Change In Working Capital	-40,494	14,433	17,212	7,807	-5,311	4,379	-5,085	3,013	6,031	13,191	-11,037	5,121	9,018	1,107	-8,491	-4,462	-3,436	5,804	-8,284	-1,515	787	9,182	-4,686	2,530	-5,594	3,708	-8,374	1,394	1,840	1,281	7,485	-2,805	-5,470	1,296	4,810	-6,625	6,497	-2,075	2,172	4,841	2,232	1,290	-3,857	2,609	-2,386	-304	-162	-1,125	7,967	-3,242	2,205	-2,999	-2,939	26,646	706	4,326	840	-23,310	-9,072	-4,055	24,909	-21,705	-3,350	-27	-3,120	-8,938	-772	52	1,122	5,893	-6,364	1,705	-1,606	220	610	-4,944	0	0	0	0	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	-4,757	-1,290	-3,792	-3,130	-633	-1,728	-3,125	3,583	2,434	2,088	-241	0	-1,066	-5,983	141	0	1,083	2,779	-1,045	-491	-2,815	167	-886	-606	432	-28	-3,150	375	-1,800	565	1,146	-6,731	-870	-143	-141	15,735	0	-1,551	7,840	2,851	37	-3,536	1,025	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	455	448	446	-2,107	-432	28	3,150	-219	1,697	1,189	-1,312	5,227	2,167	1,811	-784	-14,110	0	3,335	-7,840	-4,092	-37	3,536	-1,025	0	0	0	0	0	0	0	0	0	0	5,989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	7,354	6,577	1,779	5,130	6,276	2,603	-11,897	1,256	4,938	5,703	5,703	5,703	0	7,083	3,554	2,882	4,101	3,509	6,696	4,278	3,018	5,081	17,482	1,962	1,967	3,791	7,465	0	0	0	3,622	0	0	0	6,809	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	18,502	11,599	-2,181	5,012	-3,357	6,138	-4,186	6,213	-7,389	5,362	5,362	5,362	0	-3,510	-3,089	4,985	-7,478	-470	1,278	8,778	-1,634	703	-2,801	3,708	-8,374	1,394	5,874	0	0	0	1,360	0	0	0	8,026	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	444	460	390	426	446	476	482	486	482	479	479	455	485	482	473	469	453	393	269	227	229	227	228	269	268	243	239	240	237	231	235	226	202	145	138	138	123	114	89	158	154	200	169	163	158	164	165	163	174	62	313	189	191	189	213	302	296	599	109	109	229	261	155	137	-933	325	84	22	280	265	-102	-128	148	807	1,006	829	0	0	0	0	0
Dividends Paid	7,538	7,770	7,938	7,897	6,173	6,287	6,369	6,312	5,578	5,686	5,681	4,480	4,479	4,480	4,476	4,480	4,519	4,590	4,586	4,593	5,091	3,833	3,370	3,331	2,604	3,217	2,604	2,611	2,130	2,117	2,108	2,083	1,656	1,649	1,646	1,351	1,348	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	780	780	780	780	976	976	942	1,693	1,770	1,776	1,771	1,774	1,371	1,365	1,362	1,339	1,135	1,134	997	845	3,318	0	0	0	0
End Period Cash Flow	-110,256	1,021,108	1,049,745	885,691	767,526	749,484	768,658	985,162	1,050,610	1,082,634	896,474	943,126	759,465	807,791	656,183	484,869	535,645	465,189	351,121	623,002	602,759	531,240	493,521	421,024	555,322	503,240	502,534	450,355	403,830	405,522	376,485	293,547	309,175	232,707	208,015	242,053	240,194	248,232	232,585	214,430	246,615	190,405	181,100	158,657	151,995	185,616	201,917	149,418	142,466	136,680	120,619	79,481	108,233	194,759	159,906	222,011	68,071	117,002	38,115	82,641	69,586	64,136	28,139	22,472	22,803	71,939	97,097	109,792	130,578	118,720	121,680	124,847	183,423	151,055	136,739	146,207	108,212	81,960	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-1,036	58,980	62,456	52,732	36,465	45,144	29,744	32,047	29,128	40,897	16,689	32,317	34,463	29,895	18,936	18,973	20,231	29,083	12,862	18,493	24,123	32,039	15,843	24,241	11,830	19,043	5,372	15,575	12,680	13,927	19,184	6,194	1,464	7,982	13,830	2,869	13,792	6,234	8,105	14,270	13,942	8,537	1,622	8,529	4,880	7,572	8,068	5,696	12,806	2,509	7,382	2,340	1,247	25,673	10,071	9,264	23,270	-20,917	2,091	947	32,692	-15,790	4,197	5,912	2,764	-1,470	4,956	7,455	10,286	11,638	-1,690	7,115	5,052	4,598	5,387	-1,477	12,251	0	0	0	0
Investments	0	664	-56,466	76,417	-113,588	4,544	7,527	6,141	246,222	-185,889	-179,354	4,612	-106,764	61,571	-107,128	-166,447	-51,363	-91,984	-239,319	-74,438	-9,824	-5,405	986	1,578	8,531	-595	2,116	3,107	-41,816	0	0	0	-23,360	0	0	0	-18,010	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	150,000	150,000	0	0	0	-47,631	-140	47,771	47,771	47,771	47,771	0	0	0	0	-1,290	-9	-35	-5,000	-5,000	-5,000	-20,000	0	-20,000	-20,000	100,531	0	0	0	6,635	0	0	0	6,635	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,839	38,192	37,936	38,073	39,560	35,189	28,069	26,027	26,421	26,145	21,480	21,194	20,880	17,125	15,309	16,154	19,616	20,033	19,979	18,743	18,654	18,323	17,405	16,611	7,726	13,670	11,717	10,281	10,061	9,879	8,586	7,843	7,563	7,901	7,589	6,690	6,868	6,362	6,209	5,153	5,868	5,032	4,269	4,030	4,915	2,827	-5,609	21,739	3,767	6,027	1,741	699	-11,336	-5,498	-3,085	3,109	-51,078	-14,337	-5,798	-1,322	-5,007	-3,401	18	3,378	5,835	7,160	6,979	6,493	6,633	6,077	5,520	5,121	4,934	4,368	3,992	3,531	3,096	2,903	2,643	2,510	9,033
Other Cashflows From Financing Activities	26,071	-55,720	181,225	769	101,321	47,724	98,283	84,158	31,592	397,473	121,578	280,019	28,055	64,189	263,759	103,183	114,330	191,956	-42,795	80,118	120,935	108,515	148,558	1,157	101,224	73,338	151,159	187,239	105,403	181,843	220,277	73,125	306,678	106,331	25,748	81,551	54,099	71,507	87,861	32,916	59,231	37,972	68,314	26,580	65,626	56,027	59,733	58,230	43,752	24,469	34,831	-66,364	-51,365	21,591	-57,610	70,549	-35,460	36,013	-65,426	-26,042	31,718	-57,920	18,566	25,868	55,382	54,294	39,953	35,627	102,835	12,599	52,162	20,018	34,253	66,663	41,275	83,781	136,533	0	0	0	0
Other Cashflows From Investing Activities	0	0	3,362	3,362	3,362	-1,091	-14,234	-14,234	-14,234	-14,234	0	0	0	0	0	-166,131	6,625	-6,626	-307,994	-1,168	-1,168	225	-1,081	-1,081	-1,746	1	-1,747	-1,747	-2,169	0	0	0	9,136	9,136	9,136	0	10,123	10,123	7,349	0	24,766	15,968	9,392	7,111	7,945	3,177	279	198	14,982	14,367	12,496	9,471	30,607	27,083	9,520	2,357	34,336	26,704	2,297	2,145	848	0	0	0	0	0	0	0	0	0	0	0	13,095	8,258	8,258	8,258	0	0	0	0	0
Other Non Cash Items	9,998	2,352	2,166	5,321	-1,848	3,831	4,351	1,279	-5,626	2,040	5,253	2,697	362	1,721	2,538	923	1,876	1,347	1,515	2,494	-350	1,635	1,438	1,482	774	1,072	803	812	762	608	613	399	1,947	-1,913	433	586	-1,163	443	-1,286	1,092	560	2,241	76	1,678	3,908	2,971	14,647	3,298	3,113	3,771	3,305	3,979	12,212	1,169	4,635	1,234	46,909	21,397	1,197	280	22,096	8,333	-6,622	5,936	3,432	1,589	68	1,000	1,877	94	469	750	455	580	570	510	9,155	0	-2,643	-2,510	0
Sale Purchase Of Stock	-10,340	-25,110	-15,718	-4,067	-51	-19,031	-13,052	-1,159	-16	-17,500	0	-203	-114	-13	0	-2,321	-8,225	-10,471	-1	-1,843	-740	0	0	-556	34,933	308	531	-14,118	3,301	0	0	0	2,537	0	0	0	786	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-888	1,290	1,914	1,316	3,686	1,358	1,984	1,384	5,012	1,386	1,365	1,352	4,039	1,345	2,096	1,414	4,100	1,280	1,533	847	3,031	849	1,247	2,904	461	459	696	2,010	403	919	455	601	-211	624	634	2,106	1,156	509	530	1,378	158	441	450	381	270	276	275	266	264	270	58	467	550	396	374	351	417	473	483	440	412	410	15,148	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	8,193	-88,600	157,569	-11,195	95,097	22,406	78,862	76,687	25,998	374,287	115,897	275,336	23,462	59,696	259,283	96,382	101,586	176,895	-48,672	73,673	115,038	99,682	145,187	-2,002	98,620	70,121	148,555	170,510	103,273	179,726	218,169	71,042	305,022	104,682	24,102	80,200	54,099	71,507	87,861	32,916	59,231	37,972	68,314	26,580	65,626	56,027	59,733	32,234	43,752	24,469	34,831	-66,364	-61,368	16,325	-57,610	70,549	-50,484	52,962	-65,426	-26,822	25,742	-72,896	-25,376	15,175	38,612	52,518	38,182	33,853	101,464	11,234	50,800	17,179	33,118	60,529	40,278	77,936	136,533	0	0	0	0
Total Cash From Operating Activities	354	59,299	62,951	52,943	36,533	45,233	29,801	32,189	29,188	41,123	16,805	32,518	34,976	30,341	19,159	19,289	20,482	29,157	16,110	21,008	26,411	32,055	16,009	24,537	12,207	19,628	5,594	15,751	12,806	14,009	19,246	6,565	3,060	8,053	13,651	3,473	14,071	6,280	8,086	14,406	14,011	8,617	1,684	8,826	4,947	7,626	8,183	5,704	12,806	2,388	7,604	2,353	1,247	25,673	10,071	9,264	23,293	-20,917	2,091	1,028	33,073	-15,744	4,778	8,121	6,053	-1,415	5,118	7,534	10,608	11,713	-1,653	7,125	5,319	4,598	5,645	-886	12,251	0	0	0	0
Total Cashflows From Investing Activities	0	0	-56,466	76,417	-113,588	-86,813	-325,167	-174,324	532,797	-229,250	-179,354	-124,193	-124,193	-124,193	0	-166,447	-51,363	-91,984	-313,757	-74,438	-69,930	-94,018	-88,699	-156,833	-389,494	-89,043	-101,970	-139,736	-530,181	0	0	0	-473,262	0	0	0	-294,499	0	0	0	0	0	0	0	0	0	0	0	0	23,166	33,962	35,259	26,011	52,416	59,561	74,127	82,760	104,500	57,658	38,849	73,910	127,275	2,638	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31
Cost Of Revenue	0	0	0	0	0	51,066	33,396	25,134	12,656	12,690	10,979	27,583	16,003	31,372	94,062	65,194	49,099	33,384	18,172	8,997	10,796	-
Depreciation And Amortization	1,720	1,890	1,895	1,909	1,342	953	990	929	623	484	686	650	738	895	1,113	782	-502	315	2,790	1,507	0	23,756
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	0	226,221	133,828	96,859	111,406	139,634	108,376	78,434	61,084	50,187	39,218	11,072	17,488	-2,692	-57,851	24,746	89,336	71,313	44,269	25,953	2,758	-5,747
Ebitda	1,720	228,111	135,723	98,768	112,748	140,587	109,366	79,363	61,707	50,671	39,904	11,722	18,226	-1,797	-56,738	25,528	88,834	71,628	47,059	27,460	2,758	18,009
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	-
Extraordinary Items	0	0	0	0	0	0	-6,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	481,757	254,402	193,620	180,211	170,883	163,015	134,965	108,813	88,218	75,728	64,442	48,663	46,277	40,073	42,540	56,266	71,498	61,866	47,888	35,395	28,503	14,660
Income Before Tax	209,853	179,197	133,828	96,859	111,406	98,698	80,480	59,700	50,228	40,847	31,489	3,289	7,185	-17,514	-80,663	-9,888	45,137	39,889	28,207	18,506	14,729	7,291
Income Tax Expense	59,813	50,352	38,588	27,391	33,035	27,705	37,086	23,331	20,485	16,255	12,290	-20,583	-5,049	-704	-8,128	-4,876	18,670	16,538	11,382	7,354	-2,758	2,888
Interest Expense	9,119	47,024	25,158	40,108	62,084	40,936	27,896	18,734	10,856	9,340	7,729	7,783	10,303	14,822	22,812	34,634	44,199	31,424	16,062	7,447	2,758	10,718
Interest Income	451,403	294,382	211,035	214,262	226,721	195,165	157,600	122,913	94,702	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	150,040	128,845	95,240	69,468	78,371	70,993	43,394	36,369	29,743	24,592	19,199	23,872	12,234	-16,810	-72,535	-5,012	26,467	23,351	16,825	11,152	2,758	4,403
Net Income Applicable To Common Shares	0	128,843	95,229	69,274	77,705	69,827	42,895	35,822	29,207	24,592	19,199	23,872	12,234	0	0	0	26,467	23,351	16,825	11,152	9,033	-
Net Income From Continuing Ops	153,761	128,845	95,240	69,468	78,371	70,993	43,394	36,369	29,743	24,592	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	294,090	247,358	185,877	174,154	164,637	154,229	129,704	104,179	83,846	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	467,418	226,221	133,828	96,859	111,406	139,634	108,376	78,434	61,084	50,187	39,218	11,072	17,488	-2,692	-57,851	24,746	89,336	71,313	44,269	25,953	2,758	-5,747
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Operating Expenses	271,904	28,181	59,792	83,352	59,477	23,381	26,589	30,379	27,134	25,541	25,224	37,591	28,789	42,765	100,391	31,520	17,838	9,447	3,619	9,442	2,758	20,407
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	-
Reconciled Depreciation	1,722	1,890	1,895	1,909	1,342	953	990	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	0	811	568	564	840	816	883	845	593	420	366	294	335	246	201	424	409	451	444	250	0	-
Selling General Administrative	53,027	48,607	45,053	41,972	41,500	37,021	32,264	28,080	22,672	19,632	17,778	13,971	12,216	10,713	8,875	9,826	11,868	12,216	10,252	9,741	10,478	-
Tax Provision	60,907	50,352	38,588	27,391	33,035	27,705	37,086	23,331	20,485	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	15,927	-28,181	-59,792	-83,352	-59,477	-23,381	-26,589	-30,379	-27,134	-25,541	-25,224	-37,591	-28,789	-42,765	-100,391	-31,520	17,838	9,447	-3,619	-9,442	2,758	-20,407
Total Other Income Expense Net	209,853	-47,024	133,828	96,859	111,406	-40,936	-27,896	-18,734	-10,856	-9,340	-7,729	-7,783	-10,303	-14,822	-22,812	-34,634	-44,199	-31,424	-16,062	-7,447	0	13,038
Total Revenue	481,757	254,402	193,620	180,211	170,883	163,015	134,965	108,813	88,218	75,728	64,442	48,663	46,277	40,073	42,540	56,266	71,498	61,866	47,888	35,395	39,299	14,660

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,481	13,035	10,542	9,008	8,939	8,732	8,035	7,690	7,816	6,794	6,282	4,242	3,405	3,283	2,986	2,982	2,938	2,926	3,329	3,497	3,913	3,166	2,070	1,830	4,107	3,057	16,422	3,997	4,837	4,008	4,347	2,811	10,439	12,875	3,857	4,201	5,767	53,206	21,317	13,772	22,129	11,572	15,966	15,527	14,304	12,276	11,639	10,880	10,503	8,782	7,502	6,597	5,690	5,080	4,082	3,320	2,803	2,423	1,944	1,827	10,796
Depreciation And Amortization	444	460	390	426	446	476	482	486	482	479	479	455	485	482	473	469	453	393	269	227	229	227	228	269	268	243	239	240	237	231	235	226	202	145	138	138	123	114	89	158	154	200	169	163	158	164	165	163	174	62	313	189	191	189	213	302	296	599	109	109	229	261	155	137	-933	325	84	22	280	265	-102	-128	148	807	1,006	829	2,304	0	1,694	1,527	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	53,417	53,058	88,618	79,211	60,507	45,120	41,383	42,851	42,525	37,155	36,455	36,628	31,724	31,760	36,855	43,146	44,898	44,322	41,124	39,545	36,604	33,499	29,986	29,940	30,618	25,774	22,044	22,143	21,353	18,292	16,646	16,186	16,080	15,222	13,596	13,952	13,054	12,485	10,696	11,516	9,704	9,493	8,506	6,306	5,517	-5,904	5,153	4,805	4,602	4,245	3,835	-8,850	-1,923	773	7,310	-36,821	-19,772	-6,328	5,071	-5,434	4,948	9,247	15,985	21,351	23,717	22,967	21,301	20,867	18,900	16,859	14,687	13,533	11,842	10,221	8,674	5,139	4,818	4,387	4,162	0
Ebitda	444	53,877	53,448	89,044	79,657	60,983	45,602	41,869	43,333	43,004	37,634	36,910	37,113	32,206	32,233	37,324	43,599	45,291	44,591	41,351	39,774	36,831	33,727	30,255	30,208	30,861	26,013	22,284	22,380	21,584	18,527	16,872	16,388	16,225	15,360	13,734	14,075	13,168	12,574	10,854	11,670	9,904	9,662	8,669	6,464	5,681	-5,739	5,316	4,979	4,664	4,558	4,024	-8,659	-1,734	986	7,612	-36,525	-19,173	-6,219	5,180	-5,205	5,209	9,402	16,122	20,418	24,042	23,051	21,323	21,147	19,165	16,757	14,559	13,681	12,649	11,227	9,503	7,443	6,740	6,081	5,689	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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	126,776	75,926	76,410	72,649	74,102	68,977	59,025	52,298	51,383	50,537	45,007	46,693	47,419	45,721	43,609	43,462	42,289	43,343	43,871	41,380	45,666	40,692	39,055	37,602	35,609	36,497	32,435	30,424	29,163	27,649	27,158	24,843	23,270	22,556	22,250	20,143	20,069	18,921	19,129	17,609	17,932	16,653	15,707	14,149	6,348	14,003	14,700	13,612	12,141	11,808	10,971	11,357	8,465	11,428	9,727	10,453	-3,565	3,854	11,481	10,982	13,562	12,755	14,326	15,623	17,931	18,460	18,110	16,997	16,812	15,945	15,074	14,035	13,484	12,319	11,529	10,638	8,280	9,612	8,833	8,669	28,503
Income Before Tax	50,129	53,417	53,058	53,249	54,944	48,877	38,985	36,391	37,477	36,667	30,043	29,641	29,042	23,061	21,777	22,979	28,072	28,416	28,341	26,577	26,614	25,449	24,157	22,478	22,501	23,186	18,939	15,854	16,227	15,959	14,310	13,204	13,081	13,297	12,736	11,114	11,514	10,628	10,256	8,449	9,403	7,737	7,673	6,676	4,499	3,660	-7,826	2,956	2,368	2,095	1,698	1,024	-12,040	-5,498	-3,084	3,109	-41,588	-24,728	-12,195	-2,151	-12,963	-2,944	481	5,538	9,947	12,191	11,977	11,021	11,064	10,468	9,707	8,650	8,293	7,342	6,709	5,864	5,139	4,818	4,387	4,162	14,729
Income Tax Expense	14,290	15,225	15,122	15,176	15,384	13,688	10,916	10,364	11,056	10,522	8,563	8,447	8,162	5,936	6,468	6,825	8,456	8,383	8,362	7,834	7,960	7,126	6,752	5,867	14,775	9,516	7,222	5,573	6,166	6,080	5,724	5,361	5,518	5,396	5,147	4,424	4,646	4,266	4,047	3,296	3,535	2,705	3,404	2,646	-416	833	-2,217	-18,783	-1,399	-3,932	-43	325	-704	3,575	3,857	4,201	9,490	-10,391	-6,397	-829	-7,956	457	463	2,160	4,112	5,031	4,998	4,528	4,431	4,390	4,187	3,529	3,359	2,974	2,717	2,333	2,043	1,915	1,744	1,652	5,696
Interest Expense	1,325	52,575	45,102	35,369	24,267	11,630	6,135	4,992	5,374	5,858	7,112	6,814	7,586	8,663	9,983	13,876	15,074	16,482	15,981	14,547	12,931	11,155	9,342	7,508	7,439	7,432	6,835	6,190	5,916	5,394	3,982	3,442	3,105	2,783	2,486	2,482	2,438	2,426	2,229	2,247	2,113	1,967	1,820	1,830	1,807	1,857	1,922	2,197	2,437	2,507	2,547	2,811	3,190	3,575	3,857	4,201	4,767	4,956	5,867	7,222	7,529	7,892	8,766	10,447	11,404	11,526	10,990	10,280	9,803	8,432	7,152	6,037	5,240	4,500	3,512	2,810	2,304	1,922	1,694	1,527	8,696
Interest Income	0	125,529	118,411	109,084	98,379	78,420	62,559	55,024	54,791	53,611	50,473	52,160	53,649	52,782	52,164	55,667	55,483	57,959	57,822	55,457	54,373	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	35,839	38,192	37,936	38,073	39,560	35,189	28,069	26,027	26,421	26,145	21,480	21,194	20,880	17,125	15,309	16,154	19,616	20,033	19,979	18,743	18,654	18,323	17,405	16,611	7,726	13,670	11,717	10,281	10,061	9,879	8,586	7,843	7,563	7,901	7,589	6,690	6,868	6,362	6,209	5,153	5,868	5,032	4,269	4,030	4,915	2,827	-5,609	21,739	3,767	6,027	1,741	699	-11,336	-5,498	-3,084	3,109	-51,078	-14,337	-5,798	-1,322	-5,007	-3,401	18	3,378	5,835	7,160	6,979	6,493	6,633	6,078	5,520	5,121	4,934	4,368	3,992	3,531	3,096	2,903	2,643	2,510	9,033
Net Income Applicable To Common Shares	0	38,192	37,936	38,073	39,560	35,189	28,069	26,026	26,418	26,142	21,477	21,191	20,838	17,072	15,260	16,103	19,452	19,865	38,388	18,585	18,350	18,011	17,108	16,611	7,726	13,670	11,717	10,281	10,061	9,879	8,586	7,843	7,563	7,901	7,589	6,690	6,868	6,362	6,209	5,153	5,868	5,032	4,269	4,030	4,915	2,827	-21,739	21,739	3,767	6,027	1,741	699	0	0	-3,109	3,109	0	0	0	0	0	-18	18	3,378	5,835	7,160	6,979	6,493	6,633	6,077	5,520	5,121	4,933	4,369	3,992	3,531	3,096	2,903	2,643	2,510	9,033
Net Income From Continuing Ops	0	38,192	37,936	38,073	39,560	35,189	28,069	26,027	26,421	26,145	21,480	21,194	20,880	17,125	15,309	16,154	19,616	20,033	19,979	18,743	18,654	18,323	17,405	16,611	34,032	28,488	-29,407	10,281	36,369	0	0	0	29,743	0	0	0	24,592	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	72,954	73,309	73,715	74,112	66,790	56,424	50,032	49,417	47,753	43,361	45,346	46,063	44,119	42,181	41,791	40,409	41,477	41,841	40,910	41,442	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	123,182	53,417	53,058	88,618	79,211	60,507	45,120	41,383	42,851	42,525	37,155	36,455	36,628	31,724	31,760	36,855	43,146	44,898	44,322	41,124	39,545	36,604	33,499	29,986	29,940	30,618	25,774	22,044	22,143	21,353	18,292	16,646	16,186	16,080	15,222	13,596	13,952	13,054	12,485	10,696	11,516	9,704	9,493	8,506	6,306	5,517	-5,904	5,153	4,805	4,602	4,245	3,835	-8,850	-1,923	773	7,310	-36,821	-19,772	-6,328	5,071	-5,434	4,948	9,247	15,985	21,351	23,717	22,967	21,301	20,867	18,900	16,859	14,687	13,533	11,842	10,221	8,674	5,139	6,740	4,387	4,162	17,523
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
Other Operating Expenses	76,647	22,509	23,352	15,969	5,109	8,470	13,905	10,915	8,532	8,012	7,852	10,238	10,791	13,997	11,849	6,607	857	1,555	451	256	6,121	4,088	5,556	7,616	5,669	5,879	6,661	8,380	7,020	6,296	8,866	8,197	7,084	6,476	7,028	6,547	6,117	5,867	6,644	6,913	6,416	6,949	6,214	5,643	42	8,486	20,604	8,459	7,336	7,206	6,726	7,522	17,315	13,351	8,954	3,143	33,256	23,626	17,809	5,911	18,996	7,807	5,079	362	3,420	5,257	4,857	4,304	4,055	2,955	1,785	652	49	477	1,308	1,964	3,141	2,872	4,446	4,507	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
Reconciled Depreciation	0	460	390	426	446	476	482	486	482	479	479	455	485	482	473	469	453	393	269	227	229	227	228	269	268	243	239	240	237	231	235	226	202	145	138	138	123	114	89	158	154	200	169	163	158	164	165	163	174	62	313	189	191	189	213	302	296	599	109	109	229	261	155	137	-933	325	84	22	280	265	-102	-128	148	807	1,006	829	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	193	200	105	811	214	176	0	0	0	0	0	0	0	0	0	258	109	187	286	282	203	181	150	204	251	188	240	241	230	152	222	227	133	124	109	78	134	122	87	99	89	83	96	104	73	64	0	335	0	0	0	41	98	72	35	10	98	47	46	196	55	77	96	409	0	0	46	451	0	0	104	444	0	0	68	0	0	0	0	0
Selling General Administrative	0	13,008	12,520	14,237	11,058	12,996	12,323	12,230	11,056	11,485	10,878	11,634	10,098	9,664	10,668	11,542	10,452	10,393	10,163	10,492	9,296	9,218	9,355	9,152	7,528	8,463	8,171	8,102	7,251	6,642	6,593	7,594	5,810	5,293	5,894	5,675	5,450	4,749	4,274	5,160	4,337	4,407	4,359	4,676	3,891	3,511	2,842	3,778	3,004	3,097	2,865	3,249	2,912	2,834	2,477	2,489	2,211	2,120	2,099	2,445	2,422	2,162	2,310	2,638	2,140	3,030	3,097	3,600	3,105	3,146	3,033	2,932	2,606	2,608	2,476	2,643	3,066	2,806	2,833	2,862	10,478
Tax Provision	0	15,225	15,122	15,176	15,384	13,688	10,916	10,364	11,056	10,522	8,563	8,447	8,162	5,936	6,468	6,825	8,456	8,383	8,362	7,834	7,960	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,985	-22,509	-23,352	15,969	5,109	-8,470	-13,905	-10,915	-8,532	-8,012	-7,852	-10,238	-10,791	-13,997	-11,849	-6,607	857	1,555	451	-256	-6,121	-4,088	-5,556	-7,616	-5,669	-5,879	-6,661	-8,380	-7,020	-6,296	-8,866	-8,197	-7,084	-6,476	-7,028	-6,547	-6,117	-5,867	-6,644	-6,913	-6,416	-6,949	-6,214	-5,643	-42	-8,486	-20,604	-8,459	-7,336	-7,206	-6,726	-7,522	-17,315	-13,351	-8,954	-3,143	-33,256	-23,626	-17,809	-5,911	-18,996	-7,807	-5,079	362	3,420	5,257	4,857	4,304	4,055	2,955	1,785	652	49	-477	-1,308	-1,964	-3,141	-2,872	-4,446	-4,507	0
Total Other Income Expense Net	50,129	53,417	53,058	-35,369	-24,267	-11,630	-6,135	-4,992	-5,374	-5,858	-7,112	-6,814	-7,586	-8,663	-9,983	-13,876	-15,074	-16,482	-15,981	-14,547	-12,931	-11,155	-9,342	-7,508	-7,439	-7,432	-6,835	-6,190	-5,916	-5,394	-3,982	-3,442	-3,105	-2,783	-2,486	-2,482	-2,438	-2,426	-2,229	-2,247	-2,113	-1,967	-1,820	-1,830	-1,807	-1,857	-1,922	-2,197	-2,437	-2,507	-2,547	-2,811	-3,190	-3,575	-3,857	-4,201	-4,767	-4,956	-5,867	-7,222	-7,529	-7,892	-8,766	-10,447	-11,404	-11,526	-10,990	-10,280	-9,803	-8,432	-7,152	-6,037	-5,240	-4,500	-3,512	-2,810	0	-1,922	0	0	0
Total Revenue	126,776	75,926	76,410	72,649	74,102	68,977	59,025	52,298	51,383	50,537	45,007	46,693	47,419	45,721	43,609	43,462	42,289	43,343	43,871	41,380	45,666	40,692	39,055	37,602	35,609	36,497	32,435	30,424	29,163	27,649	27,158	24,843	23,270	22,556	22,250	20,143	20,069	18,921	19,129	17,609	17,932	16,653	15,707	14,149	6,348	14,003	14,700	13,612	12,141	11,808	10,971	11,357	8,465	11,428	9,727	10,453	-3,565	3,854	11,481	10,982	13,562	12,755	14,326	15,623	17,931	18,460	18,110	16,997	16,812	15,945	15,074	14,035	13,484	12,319	11,529	10,638	8,280	9,612	8,833	8,669	39,299

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

Gross Profit (+$)
totalRevenue	481,757
Cost of Revenue	-0
Gross Profit	481,757	481,757

Operating Income (+$)
Gross Profit	481,757
Operating Expense	-15,927
Operating Income	467,418	465,830

Operating Expense (+$)
Research Development	0
Selling General Administrative	53,027
Selling And Marketing Expenses	0
Operating Expense	15,927	53,027

Net Interest Income (+$)
Interest Income	451,403
Interest Expense	-9,119
Other Finance Cost	-148,194
Net Interest Income	294,090

Pretax Income (+$)
Operating Income	467,418
Net Interest Income	294,090
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	209,853	257,565 EBIT - interestExpense = -9,119 209,853 159,159
Interest Expense	9,119
Earnings Before Interest and Taxes (EBIT)	0	218,972
Earnings Before Interest and Taxes (EBITDA)	1,720

After tax Income (+$)
Income Before Tax	209,853
Tax Provision	-60,907
Net Income From Continuing Ops	153,761	148,946
Net Income	150,040
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	271,904
Total Other Income/Expenses Net	209,853	-294,090

Technical Analysis of Preferred Bank
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 Preferred Bank. The general trend of Preferred Bank is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Preferred Bank's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Preferred Bank.

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

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

The bullish price targets are: 76.06.

The bearish price targets are: 71.70 > 70.99 > 70.89.

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Preferred Bank 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 Preferred Bank. The current mas is .

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank. The current adx is .

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

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.

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

Preferred Bank 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 Preferred Bank.

Preferred Bank Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Preferred Bank.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Preferred Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	76.490
Total			0/1 (0.0%)

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Quick analysis of Preferred Bank (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Preferred Bank (5 min.)

$77.47

$50.35

$-65.71 - $67.03

$-15.35 - $117.38

2. Growth of Preferred Bank (5 min.)

Is Preferred Bank growing?

How much money is Preferred Bank making?

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

3. Financial Health of Preferred Bank (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of Preferred Bank?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Preferred Bank

About Preferred Bank

Financial Health

Valuation

1.1. Profitability of Preferred Bank.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Preferred Bank.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Preferred Bank.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Preferred Bank.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Preferred Bank

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Preferred Bank
Buy, Hold or Sell?