EchoStar Corporation
Buy, Hold or Sell?

Let's analyse Echostar together

Penke I guess you are interested in EchoStar Corporation. 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 EchoStar Corporation. 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 Echostar (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

22.5%

What is your share worth?

Current worth

$145.45

Expected worth in 1 year

$265.23

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$119.78

Return On Investment

754.3%

For what price can you sell your share?

Current Price per Share

$15.88

Expected price per share

$12.66 - $19.92

How sure are you?

50%

1. Valuation of Echostar (5 min.)

Live pricePrice per Share (EOD)

$15.88

Book Value per Share

$145.45

Intrinsic Value Per Share

$-70.15 - $-65.67

Total Value Per Share

$75.31 - $79.79

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.09) 3Y: ($-0.17) TTM: ($-1.11)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.12) 3Y: ($-0.10) TTM: ($-0.87)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-1.77	$-0.63	$-2.54 - $-1.26
2	$-5.13	$-2.80	$-4.40 - $-2.90
3	$-9.90	$-6.43	$-6.26 - $-4.54
4	$-15.90	$-11.42	$-8.13 - $-6.17
5	$-22.99	$-17.69	$-9.99 - $-7.81
6	$-31.03	$-25.17	$-11.85 - $-9.45
7	$-39.87	$-33.78	$-13.72 - $-11.09
8	$-49.41	$-43.44	$-15.58 - $-12.72
9	$-59.53	$-54.09	$-17.44 - $-14.36
10	$-70.15	$-65.67	$-19.30 - $-16.00

2. Growth of Echostar (5 min.)

Is Echostar growing?

	Current year	Previous year	Grow	Grow %
How rich?	$20.3b	$3.5b	$4.2b	54.8%

How much money is Echostar making?

	Current year	Previous year	Grow	Grow %
Making money	-$421.9m	$43.4m	-$465.3m	-110.3%
Net Profit Margin	0.6%	8.7%	-	-

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

Quarterly Yearly

3. Financial Health of Echostar (5 min.)

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

Industry Rankings (Communication Equipment)

Richest
#7 / 341

Most Revenue
#14 / 341

Most Profit
#339 / 341

Most Efficient
#179 / 341

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

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

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

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

Speculation

The Price per Share of Echostar is $15.88. 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 Echostar.
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 Echostar, 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 $145.45. Based on the TTM, the Book Value Change Per Share is $29.94 per quarter. Based on the YOY, the Book Value Change Per Share is $0.33 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.

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

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	-12.45	-78.4%	-3.01	-19.0%	0.32	2.0%	-0.55	-3.5%	-0.12	-0.8%
Usd Book Value Change Per Share	119.30	751.3%	29.94	188.6%	0.33	2.1%	5.79	36.5%	3.06	19.3%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.01	0.0%	0.01	0.0%	0.01	0.1%
Usd Total Gains Per Share	119.30	751.3%	29.94	188.6%	0.34	2.1%	5.80	36.5%	3.07	19.4%
Usd Price Per Share	16.57	-	17.24	-	19.20	-	25.01	-	32.32	-
Price to Earnings Ratio	-0.33	-	27.38	-	23.93	-	313.76	-	177.54	-
Price-to-Total Gains Ratio	0.14	-	-73.62	-	18.87	-	-40.23	-	439.89	-
Price to Book Ratio	0.11	-	0.53	-	0.76	-	0.93	-	1.18	-
Price-to-Total Gains Ratio	0.14	-	-73.62	-	18.87	-	-40.23	-	439.89	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	15.88
Number of shares	62

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.01
Usd Book Value Change Per Share	29.94	5.79
Usd Total Gains Per Share	29.94	5.80
Gains per Quarter (62 shares)	1,856.55	359.36
Gains per Year (62 shares)	7,426.22	1,437.44

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	0	7426	7416	1	1436	1427
2	0	14852	14842	3	2872	2864
3	0	22279	22268	4	4308	4301
4	0	29705	29694	6	5744	5738
5	0	37131	37120	7	7180	7175
6	0	44557	44546	9	8616	8612
7	0	51984	51972	10	10052	10049
8	0	59410	59398	11	11488	11486
9	0	66836	66824	13	12924	12923
10	0	74262	74250	14	14360	14360

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	13.0	7.0	0.0	65.0%	31.0	9.0	0.0	77.5%	48.0	21.0	0.0	69.6%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	11.0	9.0	0.0	55.0%	29.0	11.0	0.0	72.5%	48.0	19.0	2.0	69.6%
Dividend per Share	0.0	0.0	4.0	0.0%	2.0	0.0	10.0	16.7%	5.0	0.0	15.0	25.0%	9.0	0.0	31.0	22.5%	11.0	0.0	58.0	15.9%
Total Gains per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	11.0	9.0	0.0	55.0%	29.0	11.0	0.0	72.5%	48.0	19.0	2.0	69.6%

Fundamentals of Echostar

About EchoStar Corporation

https://www.echostar.com
Communication Equipment
15300
100 Inverness Terrace East, Englewood, CO, United States, 80112
Google Maps Bing Maps

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names. The Retail Wireless segment provides prepaid and postpaid wireless services under the Boost Mobile, Boost postpaid, and Gen Mobile brands, as well various wireless devices. The Network Deployment segment deploys a facilities-based 5G broadband network and commercializes deployment of 5G VoNR. The Broadband and Satellite Services offers broadband services to consumer customers, which include home, and small to medium-sized businesses; and satellite and multi-transport technologies, and managed network services to telecommunications providers, aeronautical service providers, civilian and defense government entities, and other enterprise customers. EchoStar Corporation was incorporated in 2007 and is headquartered in Englewood, Colorado.

Fundamental data was last updated by Penke on 2024-04-12 17:51:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

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

Liquidity Details

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

Valuation

Valuation Details

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

1.1. Profitability of EchoStar Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Echostar to the Communication Equipment industry mean.
A Net Profit Margin of -11.1% means that $-0.11 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of EchoStar Corporation:

The MRQ is -11.1%. The company is making a huge loss. -2
The TTM is 0.6%. The company is not making a profit/loss.

Trends

Current period		Compared to		+/-
MRQ	-11.1%	TTM	0.6%	-11.7%
TTM	0.6%	YOY	8.7%	-8.1%
TTM	0.6%	5Y	1.5%	-1.0%
5Y	1.5%	10Y	4.1%	-2.5%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	-11.1%	0.8%	-11.9%
TTM	0.6%	1.3%	-0.7%
YOY	8.7%	2.9%	+5.8%
5Y	1.5%	0.9%	+0.6%
10Y	4.1%	1.7%	+2.4%

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

Revenue is the amount of profit Echostar 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 Echostar 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 Echostar to the Communication Equipment industry mean.
Can be used to compare companies within the Communication Equipment industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Echostar. If profit margins remain low (compared to the Communication Equipment industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Echostar is -0.11. This means that Echostar earned $-0.11 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Communication Equipment industry is 0.8%.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar with other companies in the same industry (Communication Equipment).
Net profit margin should rise over the years.
Can be influenced when Echostar sells assets (profit will increase while costs remain the same).
It won’t show what part of Echostar 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 Echostar

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 Echostar = -1,745,499
Total revenue MRQ Echostar = 15,709,818
$-1,745,499 / $15,709,818 = -0.11 or -11.1%

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 Echostar is using its assets to generate profit.

Above 5% is considered healthy but always compare Echostar to the Communication Equipment industry mean.
-3.1% Return on Assets means that Echostar generated $-0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of EchoStar Corporation:

The MRQ is -3.1%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-3.1%	TTM	-0.5%	-2.5%
TTM	-0.5%	YOY	0.7%	-1.2%
TTM	-0.5%	5Y	0.0%	-0.5%
5Y	0.0%	10Y	0.3%	-0.3%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	-3.1%	0.2%	-3.3%
TTM	-0.5%	0.5%	-1.0%
YOY	0.7%	0.9%	-0.2%
5Y	0.0%	0.5%	-0.5%
10Y	0.3%	0.6%	-0.3%

Shows how efficient Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Echostar is using its resources to generate profit. If the return on assets (-3.1%) from Echostar are higher than the Communication Equipment mean (0.2%) that means Echostar 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 Echostar is -3.1%. This means the company generated $-0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Communication Equipment industry is 0.2%.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

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

Income statement
Balance sheet

Net income MRQ (income statement) from Echostar = -1,745,499
Total assets MRQ (balance sheet) from Echostar = 57,108,894
-1,745,499 / 57,108,894 = -0.03 or -3.1%

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

Above 15%-20% is considered healthy but always compare Echostar to the Communication Equipment industry mean.
-8.8% Return on Equity means Echostar generated $-0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of EchoStar Corporation:

The MRQ is -8.8%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -1.8%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-8.8%	TTM	-1.8%	-7.0%
TTM	-1.8%	YOY	1.3%	-3.0%
TTM	-1.8%	5Y	-0.2%	-1.6%
5Y	-0.2%	10Y	0.5%	-0.6%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	-8.8%	0.8%	-9.6%
TTM	-1.8%	1.0%	-2.8%
YOY	1.3%	2.0%	-0.7%
5Y	-0.2%	0.9%	-1.1%
10Y	0.5%	1.5%	-1.0%

Shows how efficient Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Communication Equipment industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Echostar is -8.8%. This means Echostar generated $-0.09 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Communication Equipment industry is 0.8%.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar up to 10 years back (depending if Echostar 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 Echostar

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Echostar = -1,745,499
Shareholders equity (balance sheet) MRQ Echostar = 19,880,177
-1,745,499 / 19,880,177 = -0.09 or -8.8%

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

1.2. Operating Efficiency of EchoStar Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Echostar is operating .

Measures how much profit Echostar 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 Echostar to the Communication Equipment industry mean.
An Operating Margin of 1.8% means the company generated $0.02 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of EchoStar Corporation:

The MRQ is 1.8%. The company is operating less efficient.
The TTM is 7.8%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	1.8%	TTM	7.8%	-6.1%
TTM	7.8%	YOY	10.5%	-2.7%
TTM	7.8%	5Y	9.4%	-1.6%
5Y	9.4%	10Y	11.2%	-1.8%

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	1.8%	1.9%	-0.1%
TTM	7.8%	1.4%	+6.4%
YOY	10.5%	3.6%	+6.9%
5Y	9.4%	2.7%	+6.7%
10Y	11.2%	2.6%	+8.6%

Measures how efficient Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Echostar 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 Echostar is 1.8%. This means that Echostar earned $0.02 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Communication Equipment industry is 1.9%.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Echostar = 275,348
Total revenue MRQ Echostar = 15,709,818
$275,348 / $15,709,818 = 0.02 or 1.8%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Echostar is keeping operating costs low.

Below 1 is considered healthy (always compare to Communication Equipment industry mean).
An Operation Ratio of 0.98 means that the operating costs are $0.98 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of EchoStar Corporation:

The MRQ is 0.982. The company is less efficient in keeping operating costs low.
The TTM is 0.940. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.982	TTM	0.940	+0.043
TTM	0.940	YOY	0.905	+0.035
TTM	0.940	5Y	0.922	+0.018
5Y	0.922	10Y	0.905	+0.017

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.982	1.551	-0.569
TTM	0.940	1.515	-0.575
YOY	0.905	1.521	-0.616
5Y	0.922	1.499	-0.577
10Y	0.905	1.317	-0.412

Measures how efficient Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Echostar is 98.2%. This means that Echostar earned $0.98 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Communication Equipment industry is 1.55.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

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
(12,679,345 +2,755,125) \ 15,709,818 = 0.98

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 EchoStar Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
A Current Ratio of 0.61 means the company has $0.61 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of EchoStar Corporation:

The MRQ is 0.610. The company is unable to pay all its short-term debts. -2
The TTM is 4.657. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.610	TTM	4.657	-4.047
TTM	4.657	YOY	4.780	-0.123
TTM	4.657	5Y	4.242	+0.415
5Y	4.242	10Y	4.754	-0.513

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.610	1.902	-1.292
TTM	4.657	1.898	+2.759
YOY	4.780	1.876	+2.904
5Y	4.242	1.943	+2.299
10Y	4.754	1.897	+2.857

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Echostar 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 Echostar is 0.61. This means Echostar has $0.61 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Communication Equipment industry is 1.90.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,891,814 \ 8,018,589) = 0.61

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

Above 1 is considered healthy but always compare Echostar to the Communication Equipment industry mean.
A Quick Ratio of 0.52 means the company can pay off $0.52 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of EchoStar Corporation:

The MRQ is 0.522. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 5.997. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.522	TTM	5.997	-5.475
TTM	5.997	YOY	5.954	+0.043
TTM	5.997	5Y	5.552	+0.446
5Y	5.552	10Y	5.976	-0.424

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.522	0.802	-0.280
TTM	5.997	0.846	+5.151
YOY	5.954	0.952	+5.002
5Y	5.552	1.015	+4.537
10Y	5.976	1.065	+4.911

Measures if Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Echostar can pay off its short term debts. This shows if Echostar 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 Echostar is 0.52. This means that Echostar can pay off $0.52 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 0.80.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

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 Echostar: (2,444,420 + 623,044 +1,122,139) / 8,018,589 = 0.52

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 EchoStar Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Echostar to Communication Equipment industry mean.
A Debt to Asset Ratio of 0.64 means that Echostar assets are financed with 64.3% credit (debt) and the remaining percentage (100% - 64.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of EchoStar Corporation:

The MRQ is 0.643. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.469. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.643	TTM	0.469	+0.174
TTM	0.469	YOY	0.423	+0.046
TTM	0.469	5Y	0.462	+0.008
5Y	0.462	10Y	0.489	-0.027

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	0.643	0.467	+0.176
TTM	0.469	0.469	+0.000
YOY	0.423	0.469	-0.046
5Y	0.462	0.471	-0.009
10Y	0.489	0.457	+0.032

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Echostar to Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Echostar is 0.64. This means means that Echostar is financed with 64.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Communication Equipment industry is 190.2%.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Echostar

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

Balance sheet
Debt to asset ratio = total debt \ total assets
36,720,602 \ 57,108,894 = 64.3% or 0.64.

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

Below 2 is considered healthy but always compare Echostar to the Communication Equipment industry mean.
A Debt to Equity ratio of 184.7% means that company has $1.85 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of EchoStar Corporation:

The MRQ is 1.847. The company is just able to pay all its debts with equity.
The TTM is 1.000. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.847	TTM	1.000	+0.847
TTM	1.000	YOY	0.756	+0.245
TTM	1.000	5Y	0.898	+0.102
5Y	0.898	10Y	0.994	-0.095

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
MRQ	1.847	0.847	+1.000
TTM	1.000	0.847	+0.153
YOY	0.756	0.880	-0.124
5Y	0.898	0.905	-0.007
10Y	0.994	0.948	+0.046

Measures if Echostar 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 Echostar 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 Echostar is 1.85. This means that Echostar can pay off $1.85 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 0.85.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
36,720,602 \ 19,880,177 = 1.85 or 184.7%

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 EchoStar Corporation

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 Echostar generates.

Above 15 is considered overpriced but always compare Echostar to the Communication Equipment industry mean.
A PE ratio of -0.33 means the investor is paying $-0.33 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of EchoStar Corporation:

The EOD is -0.319. Based on the earnings, the company is expensive. -2
The MRQ is -0.333. Based on the earnings, the company is expensive. -2
The TTM is 27.375. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	-0.319	MRQ	-0.333	+0.014
MRQ	-0.333	TTM	27.375	-27.708
TTM	27.375	YOY	23.926	+3.449
TTM	27.375	5Y	313.763	-286.388
5Y	313.763	10Y	177.539	+136.225

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	-0.319	5.240	-5.559
MRQ	-0.333	5.845	-6.178
TTM	27.375	7.824	+19.551
YOY	23.926	11.818	+12.108
5Y	313.763	15.597	+298.166
10Y	177.539	18.927	+158.612

Measures how much money you pay for each share for every $1 in earnings Echostar 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 Echostar to the Communication Equipment industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Echostar is -0.33. This means the investor is paying $-0.33 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Communication Equipment industry is 5.85.
What is the trend?
The trend is important because it shows you how Echostar is performing over time. The most recent quarter might be important if Echostar 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 Echostar 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 Echostar

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 \ 83,554 = EPS
PE ratio MRQ = -0.33

* 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 EchoStar Corporation:

The EOD is -0.730. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -0.762. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -30.561. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-0.730	MRQ	-0.762	+0.032
MRQ	-0.762	TTM	-30.561	+29.799
TTM	-30.561	YOY	-6.821	-23.740
TTM	-30.561	5Y	-1.979	-28.582
5Y	-1.979	10Y	13.675	-15.654

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	-0.730	2.550	-3.280
MRQ	-0.762	2.603	-3.365
TTM	-30.561	0.199	-30.760
YOY	-6.821	-0.169	-6.652
5Y	-1.979	1.885	-3.864
10Y	13.675	2.146	+11.529

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
A PB ratio of 0.11 means the investor is paying $0.11 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of EchoStar Corporation:

The EOD is 0.109. Based on the equity, the company is cheap. +2
The MRQ is 0.114. Based on the equity, the company is cheap. +2
The TTM is 0.530. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.109	MRQ	0.114	-0.005
MRQ	0.114	TTM	0.530	-0.416
TTM	0.530	YOY	0.759	-0.229
TTM	0.530	5Y	0.929	-0.399
5Y	0.929	10Y	1.184	-0.255

Compared to industry (Communication Equipment)

Period	Company	Industry (mean)	+/-
EOD	0.109	1.824	-1.715
MRQ	0.114	1.868	-1.754
TTM	0.530	1.982	-1.452
YOY	0.759	1.991	-1.232
5Y	0.929	2.280	-1.351
10Y	1.184	2.647	-1.463

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding EchoStar Corporation

Institutions are holding 32.127% of the shares of EchoStar Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	2.5855	0.003	7020020	3016208	75.3334
2023-12-31	Vanguard Group Inc	1.4904	0.0015	4046742	581159	16.7694
2023-12-31	Pennant Select Llc	0.82	35.0171	2226454	2226454	0
2023-09-30	Beryl Capital Management LLC	0.7935	4.0258	2154611	2154611	0
2023-12-31	Pennant Investors LP	0.793	7.7887	2153209	697098	47.874
2023-12-31	Goldentree Asset Management LP	0.7665	3.5804	2081216	-559200	-21.1785
2023-12-31	Dimensional Fund Advisors, Inc.	0.7162	0.0094	1944677	-844721	-30.2833
2023-12-31	Renaissance Technologies Corp	0.6894	0.048	1871804	163400	9.5645
2023-12-31	Geode Capital Management, LLC	0.655	0.003	1778523	-325971	-15.4893
2023-12-31	State Street Corporation	0.6481	0.0014	1759816	935493	113.4862
2023-12-31	Charles Schwab Investment Management Inc	0.4034	0.0046	1095327	-428759	-28.1322
2023-12-31	Quaker Capital Investments, LLC	0.3448	5.5389	936195	-37000	-3.8019
2023-12-31	Morgan Stanley - Brokerage Accounts	0.261	0.001	708759	-65337	-8.4404
2023-12-31	Principal Financial Group Inc	0.2354	0.0068	639094	162189	34.0087
2023-12-31	Millennium Management LLC	0.2322	0.0045	630481	584957	1284.942
2023-12-31	Bank of America Corp	0.2249	0.001	610675	574808	1602.6096
2023-12-31	Bridgeway Capital Management, LLC	0.22	0.2123	597257	42022	7.5683
2023-12-31	Amvescap Plc.	0.2189	0.0023	594434	-1190631	-66.6996
2023-12-31	Gamco Investors, Inc. Et Al	0.212	0.1018	575512	-237922	-29.2491
2023-12-31	American Century Companies Inc	0.2101	0.0065	570533	96279	20.3011
Total		12.5203	56.358	33995339	+7545137	+22.2%

3.2. Funds holding EchoStar Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	3.0115	0.145	8176750	11168	0.1368
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.3721	0.0032	3725376	-15339	-0.4101
2024-02-29	Vanguard Small Cap Index	1.1302	0.0286	3068724	28476	0.9366
2024-03-28	iShares Russell 2000 ETF	1.099	0.0649	2983862	1440	0.0483
2024-03-29	Schwab Fundamental US Small Company ETF	0.9122	0.4233	2476784	3128	0.1265
2024-02-29	Vanguard Small Cap Value Index Inv	0.77	0.0515	2090587	8688	0.4173
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.6558	0.0229	1780608	1305	0.0733
2024-03-28	iShares S&P Small-Cap 600 Value ETF	0.5465	0.2927	1483929	-9487	-0.6353
2024-03-28	Invesco S&P SmallCap 600 Revenue ETF	0.5243	1.3135	1423555	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.5003	0.1785	1358328	0	0
2024-01-31	Fidelity Small Cap Index	0.4532	0.0665	1230622	890459	261.7742
2024-03-28	iShares Russell 2000 Value ETF	0.4227	0.1304	1147617	8134	0.7138
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.3923	0.1444	1065246	1095	0.1029
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.346	0.1386	939543	0	0
2024-03-28	SPDR® S&P 600 Small Cap Value ETF	0.3012	0.2919	817782	0	0
2024-01-31	Fidelity Capital & Income	0.2833	0.0828	769300	769300	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.2728	0.0233	740774	16400	2.264
2024-02-29	Fidelity Extended Market Index	0.251	0.0233	681556	10119	1.5071
2024-02-29	Schwab Fundamental US Small Company Idx	0.2285	0.4284	620313	-10299	-1.6332
2024-03-29	Schwab US Small-Cap ETF™	0.2071	0.0469	562293	0	0
Total		13.68	3.9006	37143549	+1714587	+4.6%

3.3. Insider Transactions

Insiders are holding 14.013% of the shares of EchoStar Corporation.

Date	Owner	Type	Amount	Price
2024-03-08	James Defranco	BUY	110000	13.48
2024-03-06	James Defranco	BUY	70000	13.14
2023-12-13	C Mike Schroeder	SELL	3020	12.29

4. Summary

4.1. Key Performance Indicators

The key performance indicators of EchoStar Corporation 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	-	-	119.302	29.944	+298%	0.330	+36062%	5.790	+1960%	3.061	+3798%
Book Value Per Share	-	-	145.454	55.947	+160%	25.312	+475%	32.071	+354%	29.865	+387%
Current Ratio	-	-	0.610	4.657	-87%	4.780	-87%	4.242	-86%	4.754	-87%
Debt To Asset Ratio	-	-	0.643	0.469	+37%	0.423	+52%	0.462	+39%	0.489	+32%
Debt To Equity Ratio	-	-	1.847	1.000	+85%	0.756	+144%	0.898	+106%	0.994	+86%
Dividend Per Share	-	-	-	-	0%	0.007	-100%	0.006	-100%	0.012	-100%
Eps	-	-	-12.453	-3.010	-76%	0.316	-4043%	-0.550	-96%	-0.122	-99%
Free Cash Flow Per Share	-	-	-5.439	-1.114	-80%	0.322	-1789%	-0.008	-100%	0.095	-5847%
Free Cash Flow To Equity Per Share	-	-	-7.406	-1.608	-78%	0.174	-4358%	-0.867	-88%	-0.124	-98%
Gross Profit Margin	-	-	1.000	1.000	0%	0.650	+54%	0.930	+8%	0.965	+4%
Intrinsic Value_10Y_max	-	-	-65.665	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-70.147	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.630	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-1.766	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-6.427	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-9.895	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-17.691	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-22.993	-	-	-	-	-	-	-	-
Market Cap	2225899600.000	-4%	2322616900.000	2416180375.000	-4%	2690913575.000	-14%	3505886484.750	-34%	4529642609.500	-49%
Net Profit Margin	-	-	-0.111	0.006	-2098%	0.087	-228%	0.015	-833%	0.041	-374%
Operating Margin	-	-	0.018	0.078	-78%	0.105	-83%	0.094	-81%	0.112	-84%
Operating Ratio	-	-	0.982	0.940	+5%	0.905	+9%	0.922	+7%	0.905	+9%
Pb Ratio	0.109	-4%	0.114	0.530	-79%	0.759	-85%	0.929	-88%	1.184	-90%
Pe Ratio	-0.319	+4%	-0.333	27.375	-101%	23.926	-101%	313.763	-100%	177.539	-100%
Price Per Share	15.880	-4%	16.570	17.238	-4%	19.198	-14%	25.012	-34%	32.315	-49%
Price To Free Cash Flow Ratio	-0.730	+4%	-0.762	-30.561	+3913%	-6.821	+796%	-1.979	+160%	13.675	-106%
Price To Total Gains Ratio	0.133	-4%	0.139	-73.619	+53105%	18.868	-99%	-40.225	+29061%	439.890	-100%
Quick Ratio	-	-	0.522	5.997	-91%	5.954	-91%	5.552	-91%	5.976	-91%
Return On Assets	-	-	-0.031	-0.005	-83%	0.007	-534%	0.000	-30029%	0.003	-1244%
Return On Equity	-	-	-0.088	-0.018	-80%	0.013	-799%	-0.002	-98%	0.005	-1967%
Total Gains Per Share	-	-	119.302	29.944	+298%	0.337	+35271%	5.796	+1958%	3.073	+3782%
Usd Book Value	-	-	20388292000.000	7842117000.000	+160%	3548019000.000	+475%	4495401150.000	+354%	4186231550.000	+387%
Usd Book Value Change Per Share	-	-	119.302	29.944	+298%	0.330	+36062%	5.790	+1960%	3.061	+3798%
Usd Book Value Per Share	-	-	145.454	55.947	+160%	25.312	+475%	32.071	+354%	29.865	+387%
Usd Dividend Per Share	-	-	-	-	0%	0.007	-100%	0.006	-100%	0.012	-100%
Usd Eps	-	-	-12.453	-3.010	-76%	0.316	-4043%	-0.550	-96%	-0.122	-99%
Usd Free Cash Flow	-	-	-762435001.000	-156166250.250	-80%	45152250.000	-1789%	-1144350.050	-100%	13265849.975	-5847%
Usd Free Cash Flow Per Share	-	-	-5.439	-1.114	-80%	0.322	-1789%	-0.008	-100%	0.095	-5847%
Usd Free Cash Flow To Equity Per Share	-	-	-7.406	-1.608	-78%	0.174	-4358%	-0.867	-88%	-0.124	-98%
Usd Market Cap	2225899600.000	-4%	2322616900.000	2416180375.000	-4%	2690913575.000	-14%	3505886484.750	-34%	4529642609.500	-49%
Usd Price Per Share	15.880	-4%	16.570	17.238	-4%	19.198	-14%	25.012	-34%	32.315	-49%
Usd Profit	-	-	-1745499000.000	-421918750.000	-76%	43414000.000	-4121%	-77210550.000	-96%	-17649075.000	-99%
Usd Revenue	-	-	15709818000.000	4253899500.000	+269%	499523250.000	+3045%	1246339600.000	+1160%	963742125.000	+1530%
Usd Total Gains Per Share	-	-	119.302	29.944	+298%	0.337	+35271%	5.796	+1958%	3.073	+3782%
	EOD	+2 -6	MRQ	TTM	+12 -21	YOY	+12 -24	5Y	+13 -23	10Y	+13 -23

4.2. Fundamental Score

Let's check the fundamental score of EchoStar Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-0.319
Price to Book Ratio (EOD)	Between	0-1	0.109
Net Profit Margin (MRQ)	Greater than	0	-0.111
Operating Margin (MRQ)	Greater than	0	0.018
Quick Ratio (MRQ)	Greater than	1	0.522
Current Ratio (MRQ)	Greater than	1	0.610
Debt to Asset Ratio (MRQ)	Less than	1	0.643
Debt to Equity Ratio (MRQ)	Less than	1	1.847
Return on Equity (MRQ)	Greater than	0.15	-0.088
Return on Assets (MRQ)	Greater than	0.05	-0.031
Total			3/10 (30.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of EchoStar Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	66.966
Ma 20	Greater than	Ma 50	14.127
Ma 50	Greater than	Ma 100	13.742
Ma 100	Greater than	Ma 200	13.820
Open	Greater than	Close	15.200
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

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
Net Working Capital	1,702,550	99,018	1,801,568	197,027	1,998,595	77,663	2,076,258	-5,203,033	-3,126,775
Income before Tax	62,888	-23,608	39,280	-11,422	27,858	-18,779	9,079	-2,016,980	-2,007,901
Net Income	49,347	-20,306	29,041	-17,884	11,157	6,469	17,626	-1,763,125	-1,745,499
Tax Provision	15,308	-3,848	11,460	7,313	18,773	-10,226	8,547	-344,187	-335,640
Net Income from Continuing Operations	47,580	-19,760	27,820	-18,735	9,085	-8,553	532	-1,672,793	-1,672,261

Latest Balance Sheet

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

Summary

Total Assets	57,108,894
Total Liabilities	36,720,602
Total Stockholder Equity	19,880,177

	As reported
Total Liabilities	36,720,602
Total Stockholder Equity	+ 19,880,177
Total Assets	= 57,108,894

Assets

Total Assets	57,108,894
Total Current Assets	4,891,814
Long-term Assets	52,217,080

Total Current Assets

Total Current Assets (as reported)	4,891,814
Cash And Cash Equivalents	1,821,376
Short-term Investments	623,044
Net Receivables	1,122,139
Inventory	665,169
Other Current Assets	660,086
Total Current Assets (calculated)	4,891,814
+/-	0

Long-term Assets

Long-term Assets (as reported)	52,217,080
Property Plant Equipment	12,627,282
Long Term Investments	314,370
Intangible Assets	38,745,872
Long-term Assets (calculated)	51,687,524
+/-	529,556

Liabilities & Shareholders' Equity

Total Current Liabilities	8,018,589
Long-term Liabilities	28,702,013
Total Stockholder Equity	19,880,177

Total Current Liabilities

Total Current Liabilities (as reported)	8,018,589
Short-term Debt	3,420,508
Short Long Term Debt	3,046,654
Accounts payable	774,011
Other Current Liabilities	3,069,412
Total Current Liabilities (calculated)	10,310,585
+/-	2,291,996

Long-term Liabilities

Long-term Liabilities (as reported)	28,702,013
Long term Debt	19,717,266
Capital Lease Obligations	3,121,307
Long-term Liabilities Other	849,131
Long-term Liabilities (calculated)	23,687,704
+/-	5,014,309

Total Stockholder Equity

Total Stockholder Equity (as reported)	19,880,177
Common Stock	271
Retained Earnings	11,737,983
Accumulated Other Comprehensive Income	-160,056
Other Stockholders Equity	8,301,979
Total Stockholder Equity (calculated)	19,880,177
+/-	0

Other

Capital Stock	271
Cash and Short Term Investments	2,444,420
Common Stock Shares Outstanding	83,554
Current Deferred Revenue	754,658
Liabilities and Stockholders Equity	57,108,894
Net Debt	24,504,904
Net Invested Capital	42,644,097
Net Working Capital	-3,126,775
Property Plant and Equipment Gross	20,812,637
Short Long Term Debt Total	26,326,280

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

> Total Assets

49,829
0
0
31,194
1,260,910
4,264,626
4,074,281
3,925,754
2,903,986
3,001,510
3,108,423
3,387,489
3,468,068
3,586,813
3,551,812
3,633,821
3,842,020
1,008,537
4,161,678
4,173,407
6,543,737
6,687,469
6,638,108
6,656,665
6,600,233
6,549,952
6,506,327
6,664,459
6,701,963
7,238,592
7,172,138
7,312,681
7,253,998
7,316,631
7,233,133
7,289,143
7,240,762
7,336,235
7,361,393
8,977,337
9,008,859
8,747,026
8,743,671
8,807,156
8,750,014
8,761,744
8,791,985
8,850,446
8,661,294
8,778,891
7,950,091
7,037,750
7,154,298
6,959,621
6,976,190
7,025,536
7,073,352
6,951,809
6,209,606
6,182,358
6,045,204
6,169,753
6,118,523
6,125,305
6,199,003
6,193,788
6,237,044
6,230,458
57,108,894

57,108,894

6,230,458

6,237,044

6,193,788

6,199,003

6,125,305

6,118,523

6,169,753

6,045,204

6,182,358

6,209,606

6,951,809

7,073,352

7,025,536

6,976,190

6,959,621

7,154,298

7,037,750

7,950,091

8,778,891

8,661,294

8,850,446

8,791,985

8,761,744

8,750,014

8,807,156

8,743,671

8,747,026

9,008,859

8,977,337

7,361,393

7,336,235

7,240,762

7,289,143

7,233,133

7,316,631

7,253,998

7,312,681

7,172,138

7,238,592

6,701,963

6,664,459

6,506,327

6,549,952

6,600,233

6,656,665

6,638,108

6,687,469

6,543,737

4,173,407

4,161,678

1,008,537

3,842,020

3,633,821

3,551,812

3,586,813

3,468,068

3,387,489

3,108,423

3,001,510

2,903,986

3,925,754

4,074,281

4,264,626

1,260,910

31,194

49,829

> Total Current Assets

44,592
0
0
23,592
610,754
1,987,236
1,501,225
1,583,626
1,228,713
1,353,384
1,304,936
1,335,995
1,363,858
1,412,764
1,395,737
1,484,751
1,535,467
54,990
785,159
775,959
2,307,737
2,411,271
2,277,567
2,267,260
2,214,649
2,220,033
2,283,335
2,375,105
2,356,126
2,449,236
2,383,046
2,471,965
2,328,091
2,370,140
2,179,477
2,257,653
2,133,659
2,149,344
2,145,858
3,717,489
3,723,287
3,751,416
3,708,506
3,685,952
3,715,551
3,682,276
3,803,105
3,812,191
3,580,849
3,677,641
2,875,608
2,934,086
2,836,214
2,767,192
2,827,522
2,890,028
2,908,086
2,697,403
1,939,083
1,954,448
1,926,897
1,933,003
1,957,342
2,041,070
2,125,381
2,179,741
2,396,776
2,472,937
4,891,814

4,891,814

2,472,937

2,396,776

2,179,741

2,125,381

2,041,070

1,957,342

1,933,003

1,926,897

1,954,448

1,939,083

2,697,403

2,908,086

2,890,028

2,827,522

2,767,192

2,836,214

2,934,086

2,875,608

3,677,641

3,580,849

3,812,191

3,803,105

3,682,276

3,715,551

3,685,952

3,708,506

3,751,416

3,723,287

3,717,489

2,145,858

2,149,344

2,133,659

2,257,653

2,179,477

2,370,140

2,328,091

2,471,965

2,383,046

2,449,236

2,356,126

2,375,105

2,283,335

2,220,033

2,214,649

2,267,260

2,277,567

2,411,271

2,307,737

775,959

785,159

54,990

1,535,467

1,484,751

1,395,737

1,412,764

1,363,858

1,335,995

1,304,936

1,353,384

1,228,713

1,583,626

1,501,225

1,987,236

610,754

23,592

44,592

Cash And Cash Equivalents

24,382
0
0
7,763
41,082
665,059
802,149
329,794
24,467
147,517
63,457
47,456
23,330
163,615
122,318
116,704
141,814
519
193,264
194,212
614,035
629,094
633,385
694,464
731,614
737,410
700,134
821,356
634,119
702,007
708,257
760,391
549,053
591,506
502,010
779,105
924,240
898,816
761,840
2,215,708
2,571,143
2,799,545
2,985,062
2,798,359
2,431,456
2,239,591
1,793,053
1,597,295
928,306
1,349,724
1,298,005
1,547,162
1,519,431
1,599,025
1,948,464
555,550
896,005
1,583,747
716,522
429,656
535,894
889,199
991,595
901,269
704,541
920,105
702,055
1,094,531
1,821,376

1,821,376

1,094,531

702,055

920,105

704,541

901,269

991,595

889,199

535,894

429,656

716,522

1,583,747

896,005

555,550

1,948,464

1,599,025

1,519,431

1,547,162

1,298,005

1,349,724

928,306

1,597,295

1,793,053

2,239,591

2,431,456

2,798,359

2,985,062

2,799,545

2,571,143

2,215,708

761,840

898,816

924,240

779,105

502,010

591,506

549,053

760,391

708,257

702,007

634,119

821,356

700,134

737,410

731,614

694,464

633,385

629,094

614,035

194,212

193,264

519

141,814

116,704

122,318

163,615

23,330

47,456

63,457

147,517

24,467

329,794

802,149

665,059

41,082

7,763

24,382

Short-term Investments

73
0
0
0
491,185
677,527
260,164
633,307
804,194
782,888
886,738
887,301
805,832
760,321
797,235
849,987
989,086
1,018,140
237,555
259,496
1,082,407
1,053,650
960,939
862,230
815,951
789,564
903,330
887,628
986,533
1,006,258
980,303
1,019,247
1,139,103
1,124,087
1,009,478
807,662
612,338
603,346
745,844
803,309
522,516
383,015
280,402
485,035
814,161
1,060,733
1,640,776
1,842,875
2,282,152
1,925,108
1,203,308
1,000,165
940,623
790,361
509,980
1,950,804
1,638,271
735,418
841,521
1,127,048
1,010,496
634,593
529,854
666,904
973,915
755,169
1,211,407
894,744
623,044

623,044

894,744

1,211,407

755,169

973,915

666,904

529,854

634,593

1,010,496

1,127,048

841,521

735,418

1,638,271

1,950,804

509,980

790,361

940,623

1,000,165

1,203,308

1,925,108

2,282,152

1,842,875

1,640,776

1,060,733

814,161

485,035

280,402

383,015

522,516

803,309

745,844

603,346

612,338

807,662

1,009,478

1,124,087

1,139,103

1,019,247

980,303

1,006,258

986,533

887,628

903,330

789,564

815,951

862,230

960,939

1,053,650

1,082,407

259,496

237,555

1,018,140

989,086

849,987

797,235

760,321

805,832

887,301

886,738

782,888

804,194

633,307

260,164

677,527

491,185

Net Receivables

11,987
0
0
7,276
34,154
577,402
333,062
539,225
326,845
342,080
258,141
337,202
457,632
405,198
397,157
441,108
281,244
41,461
217,555
198,998
442,812
524,893
500,907
491,800
493,218
507,859
501,233
501,419
514,427
535,188
492,164
486,859
414,901
428,619
428,893
425,006
456,399
504,258
497,019
508,201
488,403
218,144
249,071
244,899
240,135
223,043
213,088
228,589
215,296
236,068
215,504
216,904
207,312
198,867
196,844
198,029
189,601
194,321
194,351
208,839
199,012
217,601
230,427
249,107
239,971
260,054
247,484
243,151
1,122,139

1,122,139

243,151

247,484

260,054

239,971

249,107

230,427

217,601

199,012

208,839

194,351

194,321

189,601

198,029

196,844

198,867

207,312

216,904

215,504

236,068

215,296

228,589

213,088

223,043

240,135

244,899

249,071

218,144

488,403

508,201

497,019

504,258

456,399

425,006

428,893

428,619

414,901

486,859

492,164

535,188

514,427

501,419

501,233

507,859

493,218

491,800

500,907

524,893

442,812

198,998

217,555

41,461

281,244

441,108

397,157

405,198

457,632

337,202

258,141

342,080

326,845

539,225

333,062

577,402

34,154

7,276

11,987

Inventory

5,657
0
0
6,446
21,043
36,417
59,496
51,048
46,493
39,615
47,995
33,563
53,014
55,355
38,049
43,646
30,433
30,063
55,739
62,953
68,707
97,621
76,654
74,122
84,348
87,554
77,390
73,567
66,084
64,622
63,958
68,582
62,963
71,069
70,568
73,956
67,010
70,136
72,392
73,789
72,444
79,422
91,265
91,232
83,595
85,995
81,388
70,061
75,379
76,114
73,345
83,397
79,621
88,446
83,559
93,751
97,992
95,632
96,227
103,233
103,084
110,001
110,596
115,549
123,606
137,634
151,508
167,511
665,169

665,169

167,511

151,508

137,634

123,606

115,549

110,596

110,001

103,084

103,233

96,227

95,632

97,992

93,751

83,559

88,446

79,621

83,397

73,345

76,114

75,379

70,061

81,388

85,995

83,595

91,232

91,265

79,422

72,444

73,789

72,392

70,136

67,010

73,956

70,568

71,069

62,963

68,582

63,958

64,622

66,084

73,567

77,390

87,554

84,348

74,122

76,654

97,621

68,707

62,953

55,739

30,063

30,433

43,646

38,049

55,355

53,014

33,563

47,995

39,615

46,493

51,048

59,496

36,417

21,043

6,446

5,657

Other Current Assets

337
0
0
656
23,290
30,831
46,354
30,252
17,230
27,282
36,482
18,758
18,997
20,577
33,887
27,855
92,890
8,016
64,824
43,210
76,284
67,673
67,507
106,652
66,201
71,822
75,491
70,552
29,930
11,277
11,255
9,838
7,699
7,542
8,717
12,623
16,723
12,501
10,429
54,993
10,862
12,495
12,035
12,746
91,574
13,163
15,889
17,222
18,539
24,508
19,857
17,382
22,213
23,823
24,681
27,371
30,836
31,064
26,656
24,173
21,124
21,652
16,318
36,656
21,471
38,703
15,581
14,135
660,086

660,086

14,135

15,581

38,703

21,471

36,656

16,318

21,652

21,124

24,173

26,656

31,064

30,836

27,371

24,681

23,823

22,213

17,382

19,857

24,508

18,539

17,222

15,889

13,163

91,574

12,746

12,035

12,495

10,862

54,993

10,429

12,501

16,723

12,623

8,717

7,542

7,699

9,838

11,255

11,277

29,930

70,552

75,491

71,822

66,201

106,652

67,507

67,673

76,284

43,210

64,824

8,016

92,890

27,855

33,887

20,577

18,997

18,758

36,482

27,282

17,230

30,252

46,354

30,831

23,290

656

337

> Long-term Assets

5,237
0
0
7,602
650,156
2,277,390
2,573,056
2,342,128
1,675,273
1,648,126
1,803,487
2,051,494
2,104,210
2,174,049
2,156,075
2,149,070
2,306,553
953,547
3,376,519
3,397,448
4,236,000
4,276,198
4,360,541
4,389,405
4,385,584
4,329,919
4,222,992
4,289,354
4,345,837
4,789,356
4,789,092
4,840,716
4,925,907
4,946,491
5,053,656
5,031,490
5,107,103
5,186,891
5,215,535
5,259,848
5,285,572
4,995,610
5,035,165
5,121,204
5,034,463
5,079,468
4,988,880
5,038,255
5,080,445
5,101,250
5,074,483
4,103,664
4,318,084
4,192,429
4,148,668
4,135,508
4,165,266
4,254,406
4,270,523
4,227,910
4,118,307
4,236,750
4,161,181
4,084,235
4,073,622
4,014,047
3,840,268
3,757,521
52,217,080

52,217,080

3,757,521

3,840,268

4,014,047

4,073,622

4,084,235

4,161,181

4,236,750

4,118,307

4,227,910

4,270,523

4,254,406

4,165,266

4,135,508

4,148,668

4,192,429

4,318,084

4,103,664

5,074,483

5,101,250

5,080,445

5,038,255

4,988,880

5,079,468

5,034,463

5,121,204

5,035,165

4,995,610

5,285,572

5,259,848

5,215,535

5,186,891

5,107,103

5,031,490

5,053,656

4,946,491

4,925,907

4,840,716

4,789,092

4,789,356

4,345,837

4,289,354

4,222,992

4,329,919

4,385,584

4,389,405

4,360,541

4,276,198

4,236,000

3,397,448

3,376,519

953,547

2,306,553

2,149,070

2,156,075

2,174,049

2,104,210

2,051,494

1,803,487

1,648,126

1,675,273

2,342,128

2,573,056

2,277,390

650,156

7,602

5,237

Property Plant Equipment

1,585
0
0
3,877
213,837
1,494,993
1,477,537
1,455,957
1,182,048
1,163,764
1,183,822
1,166,255
1,233,185
1,229,016
1,251,554
1,265,276
1,263,303
825,373
1,788,714
1,837,456
2,453,546
2,509,702
2,539,804
2,571,130
2,612,284
2,586,173
2,525,031
2,529,575
2,546,377
3,004,534
3,027,697
3,080,911
3,194,793
3,249,081
3,304,870
3,320,222
3,412,990
3,527,450
3,569,168
3,628,379
3,669,303
3,425,548
3,451,362
3,530,459
3,465,471
3,461,004
3,396,616
3,442,537
3,414,908
3,479,051
3,443,437
2,556,420
2,642,780
2,548,337
2,525,707
2,501,667
2,518,616
2,552,518
2,563,584
2,514,819
2,487,483
2,527,123
2,464,493
2,399,069
2,389,135
2,323,568
2,312,431
2,288,433
12,627,282

12,627,282

2,288,433

2,312,431

2,323,568

2,389,135

2,399,069

2,464,493

2,527,123

2,487,483

2,514,819

2,563,584

2,552,518

2,518,616

2,501,667

2,525,707

2,548,337

2,642,780

2,556,420

3,443,437

3,479,051

3,414,908

3,442,537

3,396,616

3,461,004

3,465,471

3,530,459

3,451,362

3,425,548

3,669,303

3,628,379

3,569,168

3,527,450

3,412,990

3,320,222

3,304,870

3,249,081

3,194,793

3,080,911

3,027,697

3,004,534

2,546,377

2,529,575

2,525,031

2,586,173

2,612,284

2,571,130

2,539,804

2,509,702

2,453,546

1,837,456

1,788,714

825,373

1,263,303

1,265,276

1,251,554

1,229,016

1,233,185

1,166,255

1,183,822

1,163,764

1,182,048

1,455,957

1,477,537

1,494,993

213,837

3,877

1,585

Goodwill

0
0
0
0
248,428
247,856
247,856
247,053
0
0
0
0
0
0
0
0
0
0
513,712
523,135
533,018
526,680
520,994
514,536
507,924
507,924
507,924
507,924
504,173
504,173
504,173
510,630
510,630
510,630
510,630
510,630
510,630
510,630
510,630
510,630
510,630
504,173
504,173
504,173
504,173
504,173
504,173
504,173
504,173
504,173
504,173
504,173
506,953
509,315
509,054
508,660
511,597
510,945
511,886
511,266
511,086
535,394
533,505
532,570
532,491
532,858
533,295
532,710
0

532,710

533,295

532,858

532,491

532,570

533,505

535,394

511,086

511,266

511,886

510,945

511,597

508,660

509,054

509,315

506,953

504,173

510,630

504,173

507,924

514,536

520,994

526,680

533,018

523,135

513,712

247,053

247,856

248,428

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
611,210
613,353
725,588
752,836
831,264
277,944
140,439
147,315
140,549
178,221
183,211
179,571
175,697
168,894
259,582
255,606
249,956
258,150
250,203
248,662
317,288
305,224
300,230
299,915
293,399
292,631
287,805
257,021
265,646
257,423
254,114
266,888
249,915
255,172
357,587
323,717
322,315
319,229
325,405
298,147
275,873
284,238
284,937
347,615
340,688
351,884
297,747
350,318
352,078
352,778
356,705
364,954
193,432
136,455
314,370

314,370

136,455

193,432

364,954

356,705

352,778

352,078

350,318

297,747

351,884

340,688

347,615

284,937

284,238

275,873

298,147

325,405

319,229

322,315

323,717

357,587

255,172

249,915

266,888

254,114

257,423

265,646

257,021

287,805

292,631

293,399

299,915

300,230

305,224

317,288

248,662

250,203

258,150

249,956

255,606

259,582

168,894

175,697

179,571

183,211

178,221

140,549

147,315

140,439

277,944

831,264

752,836

725,588

613,353

611,210

Intangible Assets

54,792
0
0
0
71,646
206,220
197,926
259,692
185,143
176,824
238,297
229,960
221,623
213,286
204,980
126,832
235,261
230,389
892,027
853,810
936,262
912,956
419,123
935,289
910,208
889,892
841,961
820,173
845,939
824,520
802,987
787,379
764,040
732,549
717,153
691,878
676,465
665,061
656,793
646,577
633,087
618,626
610,626
608,192
595,891
591,821
579,939
573,507
539,885
534,803
530,530
459,377
609,891
601,391
606,221
608,285
613,856
611,361
611,704
610,661
608,451
609,086
601,962
594,402
595,070
593,252
592,537
590,911
38,745,872

38,745,872

590,911

592,537

593,252

595,070

594,402

601,962

609,086

608,451

610,661

611,704

611,361

613,856

608,285

606,221

601,391

609,891

459,377

530,530

534,803

539,885

573,507

579,939

591,821

595,891

608,192

610,626

618,626

633,087

646,577

656,793

665,061

676,465

691,878

717,153

732,549

764,040

787,379

802,987

824,520

845,939

820,173

841,961

889,892

910,208

935,289

419,123

912,956

936,262

853,810

892,027

230,389

235,261

126,832

204,980

213,286

221,623

229,960

238,297

176,824

185,143

259,692

197,926

206,220

71,646

54,792

Long-term Assets Other

834
0
0
1,128
116,245
328,321
649,737
379,426
140,472
107,894
42,026
62,017
64,327
50,114
71,115
120,942
64,975
128,174
133,550
161,489
148,449
117,218
701,896
125,369
171,957
140,535
146,622
242,205
189,766
220,871
225,032
224,128
209,274
217,515
198,090
198,804
206,788
183,835
185,545
181,631
184,747
190,242
203,358
220,957
214,814
255,582
258,237
262,866
263,892
259,506
274,028
264,465
225,804
228,094
222,502
223,254
234,479
230,276
240,915
236,472
208,123
209,145
203,836
198,767
192,210
191,144
199,805
200,057
38,984,471

38,984,471

200,057

199,805

191,144

192,210

198,767

203,836

209,145

208,123

236,472

240,915

230,276

234,479

223,254

222,502

228,094

225,804

264,465

274,028

259,506

263,892

262,866

258,237

255,582

214,814

220,957

203,358

190,242

184,747

181,631

185,545

183,835

206,788

198,804

198,090

217,515

209,274

224,128

225,032

220,871

189,766

242,205

146,622

140,535

171,957

125,369

701,896

117,218

148,449

161,489

133,550

128,174

64,975

120,942

71,115

50,114

64,327

62,017

42,026

107,894

140,472

379,426

649,737

328,321

116,245

1,128

834

> Total Liabilities

14,040
0
0
17,028
53,392
1,018,622
823,690
944,597
678,213
706,662
690,098
727,978
803,218
819,165
797,706
835,969
828,830
538,108
3,058,554
3,088,970
3,492,111
3,580,415
3,498,193
3,497,370
3,450,006
3,373,892
3,331,236
3,472,668
3,475,732
3,724,453
3,613,475
3,714,268
3,630,360
3,664,818
3,529,877
3,585,576
3,459,120
3,474,567
3,442,042
4,998,662
5,002,054
4,901,316
4,886,947
4,911,337
4,572,629
4,556,229
4,547,733
4,591,716
4,505,820
4,599,355
3,707,140
3,353,835
3,408,745
3,354,046
3,391,922
3,412,400
3,466,102
3,393,944
2,624,701
2,653,913
2,631,124
2,611,840
2,618,967
2,589,753
2,599,948
2,550,526
2,565,918
2,564,670
36,720,602

36,720,602

2,564,670

2,565,918

2,550,526

2,599,948

2,589,753

2,618,967

2,611,840

2,631,124

2,653,913

2,624,701

3,393,944

3,466,102

3,412,400

3,391,922

3,354,046

3,408,745

3,353,835

3,707,140

4,599,355

4,505,820

4,591,716

4,547,733

4,556,229

4,572,629

4,911,337

4,886,947

4,901,316

5,002,054

4,998,662

3,442,042

3,474,567

3,459,120

3,585,576

3,529,877

3,664,818

3,630,360

3,714,268

3,613,475

3,724,453

3,475,732

3,472,668

3,331,236

3,373,892

3,450,006

3,497,370

3,498,193

3,580,415

3,492,111

3,088,970

3,058,554

538,108

828,830

835,969

797,706

819,165

803,218

727,978

690,098

706,662

678,213

944,597

823,690

1,018,622

53,392

17,028

14,040

> Total Current Liabilities

12,760
0
0
10,327
50,397
549,511
354,632
549,005
369,332
375,436
352,848
430,139
364,010
383,393
349,982
376,348
358,817
110,931
362,533
416,172
583,722
657,130
600,330
588,754
587,325
520,493
509,349
578,462
558,445
634,482
523,175
616,720
517,733
555,270
506,224
542,865
526,831
2,409,456
499,430
548,235
531,438
423,745
407,170
428,031
413,890
409,777
1,374,906
1,412,944
1,345,137
1,346,005
471,662
461,741
496,019
446,217
1,361,909
1,374,727
1,425,171
1,331,783
547,104
487,297
460,123
423,674
434,363
406,216
422,831
378,173
398,181
396,679
8,018,589

8,018,589

396,679

398,181

378,173

422,831

406,216

434,363

423,674

460,123

487,297

547,104

1,331,783

1,425,171

1,374,727

1,361,909

446,217

496,019

461,741

471,662

1,346,005

1,345,137

1,412,944

1,374,906

409,777

413,890

428,031

407,170

423,745

531,438

548,235

499,430

2,409,456

526,831

542,865

506,224

555,270

517,733

616,720

523,175

634,482

558,445

578,462

509,349

520,493

587,325

588,754

600,330

657,130

583,722

416,172

362,533

110,931

358,817

376,348

349,982

383,393

364,010

430,139

352,848

375,436

369,332

549,005

354,632

549,511

50,397

10,327

12,760

Short-term Debt

297
0
0
1,380
1,365
52,220
49,724
51,513
52,778
51,027
51,894
49,673
54,206
51,679
39,909
46,953
53,060
53,787
57,910
57,370
65,239
68,541
66,096
65,450
67,706
65,136
65,473
68,662
69,791
61,404
51,080
44,539
41,912
31,475
31,666
32,228
35,698
1,896,233
38,494
37,717
37,307
37,270
39,229
38,407
40,631
41,424
1,028,119
1,030,088
959,577
953,636
42,682
407
15,137
13,527
910,691
911,812
912,936
823,776
15,513
15,912
16,781
17,032
17,322
17,389
17,854
17,757
17,717
17,855
3,420,508

3,420,508

17,855

17,717

17,757

17,854

17,389

17,322

17,032

16,781

15,912

15,513

823,776

912,936

911,812

910,691

13,527

15,137

407

42,682

953,636

959,577

1,030,088

1,028,119

41,424

40,631

38,407

39,229

37,270

37,307

37,717

38,494

1,896,233

35,698

32,228

31,666

31,475

41,912

44,539

51,080

61,404

69,791

68,662

65,473

65,136

67,706

65,450

66,096

68,541

65,239

57,370

57,910

53,787

53,060

46,953

39,909

51,679

54,206

49,673

51,894

51,027

52,778

51,513

49,724

52,220

1,365

1,380

297

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
41,912
0
0
0
35,698
1,896,233
38,494
37,717
32,984
37,270
3,650,975
3,644,122
3,634,844
3,627,396
1,028,119
1,030,088
918,915
953,636
42,682
407
486
0
896,386
897,303
898,237
808,758
0
0
0
0
0
0
1,552,559
0
0
0
3,046,654

3,046,654

1,552,559

808,758

898,237

897,303

896,386

486

407

42,682

953,636

918,915

1,030,088

1,028,119

3,627,396

3,634,844

3,644,122

3,650,975

37,270

32,984

37,717

38,494

1,896,233

35,698

41,912

Accounts payable

8,869
0
0
3,643
22,786
407,966
235,259
338,061
227,230
229,962
209,758
275,805
209,682
216,721
199,773
224,732
159,358
34,056
117,144
112,825
266,740
324,174
245,259
245,396
311,688
228,839
255,756
274,929
257,159
291,259
231,123
277,549
220,756
255,579
230,077
235,152
238,353
257,567
224,961
226,754
194,847
138,152
119,524
126,992
113,159
107,527
101,628
120,646
123,135
118,578
107,042
123,033
126,003
108,474
115,065
112,137
123,118
106,926
122,082
111,874
109,841
110,028
104,275
95,451
101,908
86,327
91,957
83,756
774,011

774,011

83,756

91,957

86,327

101,908

95,451

104,275

110,028

109,841

111,874

122,082

106,926

123,118

112,137

115,065

108,474

126,003

123,033

107,042

118,578

123,135

120,646

101,628

107,527

113,159

126,992

119,524

138,152

194,847

226,754

224,961

257,567

238,353

235,152

230,077

255,579

220,756

277,549

231,123

291,259

257,159

274,929

255,756

228,839

311,688

245,396

245,259

324,174

266,740

112,825

117,144

34,056

159,358

224,732

199,773

216,721

209,682

275,805

209,758

229,962

227,230

338,061

235,259

407,966

22,786

3,643

8,869

Other Current Liabilities

3,891
0
0
6,684
22,191
80,845
67,542
152,518
89,324
94,447
91,196
104,661
100,122
114,993
110,300
104,663
146,399
153,519
124,218
182,259
197,653
214,637
243,764
235,224
160,279
178,045
146,008
187,592
173,903
223,567
173,783
221,201
183,357
203,543
168,575
206,246
190,899
193,077
168,459
221,567
236,328
193,727
193,695
206,347
194,141
195,493
172,383
188,075
190,141
183,611
215,630
228,744
253,819
224,950
246,322
261,156
284,548
288,574
281,689
224,876
192,158
158,413
177,910
165,792
181,330
144,797
180,530
172,780
3,069,412

3,069,412

172,780

180,530

144,797

181,330

165,792

177,910

158,413

192,158

224,876

281,689

288,574

284,548

261,156

246,322

224,950

253,819

228,744

215,630

183,611

190,141

188,075

172,383

195,493

194,141

206,347

193,695

193,727

236,328

221,567

168,459

193,077

190,899

206,246

168,575

203,543

183,357

221,201

173,783

223,567

173,903

187,592

146,008

178,045

160,279

235,224

243,764

214,637

197,653

182,259

124,218

153,519

146,399

104,663

110,300

114,993

100,122

104,661

91,196

94,447

89,324

152,518

67,542

80,845

22,191

6,684

3,891

> Long-term Liabilities

1,280
0
0
6,701
2,995
469,111
469,058
395,592
308,881
331,226
337,250
297,839
439,208
435,772
447,724
459,621
470,013
427,177
2,696,021
2,672,798
2,908,389
2,923,285
2,897,863
2,908,616
2,862,681
2,853,399
2,821,887
2,894,206
2,917,287
3,089,971
3,090,300
3,097,548
3,112,627
3,109,548
3,023,653
3,042,711
2,932,289
1,065,111
2,942,612
4,450,427
4,470,616
4,477,571
4,479,777
4,483,306
4,158,739
4,146,452
3,172,827
3,178,772
3,160,683
3,253,350
3,235,478
2,892,094
2,912,726
2,907,829
2,030,013
2,037,673
2,040,931
2,062,161
2,077,597
2,166,616
2,171,001
2,188,166
2,184,604
2,183,537
2,177,117
2,172,353
2,167,737
2,167,991
28,702,013

28,702,013

2,167,991

2,167,737

2,172,353

2,177,117

2,183,537

2,184,604

2,188,166

2,171,001

2,166,616

2,077,597

2,062,161

2,040,931

2,037,673

2,030,013

2,907,829

2,912,726

2,892,094

3,235,478

3,253,350

3,160,683

3,178,772

3,172,827

4,146,452

4,158,739

4,483,306

4,479,777

4,477,571

4,470,616

4,450,427

2,942,612

1,065,111

2,932,289

3,042,711

3,023,653

3,109,548

3,112,627

3,097,548

3,090,300

3,089,971

2,917,287

2,894,206

2,821,887

2,853,399

2,862,681

2,908,616

2,897,863

2,923,285

2,908,389

2,672,798

2,696,021

427,177

470,013

459,621

447,724

435,772

439,208

297,839

337,250

331,226

308,881

395,592

469,058

469,111

2,995

6,701

1,280

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
382,357
364,674
359,825
354,534
2,346,752
2,339,316
2,469,023
2,477,143
2,457,837
2,431,894
2,420,793
2,397,542
2,380,172
2,364,121
2,352,597
2,345,199
2,339,338
2,332,730
2,325,775
2,320,078
2,202,337
2,195,985
2,187,943
290,570
2,144,479
3,629,973
3,622,879
3,620,044
3,611,746
3,605,715
3,594,213
3,585,972
2,592,174
2,582,819
2,573,204
2,563,429
2,553,352
2,388,931
2,389,733
2,390,218
1,494,902
1,495,078
1,495,256
1,495,436
1,495,619
1,495,805
1,495,994
1,496,185
1,496,379
1,496,578
1,496,777
1,496,981
1,497,187
0
0

1,497,187

1,496,981

1,496,777

1,496,578

1,496,379

1,496,185

1,495,994

1,495,805

1,495,619

1,495,436

1,495,256

1,495,078

1,494,902

2,390,218

2,389,733

2,388,931

2,553,352

2,563,429

2,573,204

2,582,819

2,592,174

3,585,972

3,594,213

3,605,715

3,611,746

3,620,044

3,622,879

3,629,973

2,144,479

290,570

2,187,943

2,195,985

2,202,337

2,320,078

2,325,775

2,332,730

2,339,338

2,345,199

2,352,597

2,364,121

2,380,172

2,397,542

2,420,793

2,431,894

2,457,837

2,477,143

2,469,023

2,339,316

2,346,752

354,534

359,825

364,674

382,357

Other Liabilities

0
0
0
0
0
839
840
839
15,220
15,307
16,200
16,502
15,457
15,454
15,708
29,096
34,348
35,316
67,184
76,175
65,975
67,924
64,914
94,667
68,441
89,042
89,157
89,697
76,484
113,202
110,111
106,634
107,328
104,761
102,753
100,767
93,954
97,742
92,757
95,615
93,717
121,341
131,931
131,626
128,503
560,480
580,653
595,953
587,479
594,706
587,147
408,831
426,052
412,129
424,212
427,219
430,789
448,156
463,199
543,387
540,110
555,258
550,779
553,762
544,408
543,491
542,176
0
0

542,176

543,491

544,408

553,762

550,779

555,258

540,110

543,387

463,199

448,156

430,789

427,219

424,212

412,129

426,052

408,831

587,147

594,706

587,479

595,953

580,653

560,480

128,503

131,626

131,931

121,341

93,717

95,615

92,757

97,742

93,954

100,767

102,753

104,761

107,328

106,634

110,111

113,202

76,484

89,697

89,157

89,042

68,441

94,667

64,914

67,924

65,975

76,175

67,184

35,316

34,348

29,096

15,708

15,454

15,457

16,502

16,200

15,307

15,220

839

840

839

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,659
65,851
75,840
79,031
387,700
406,623
439,366
446,142
375,112
382,055
373,447
366,815
352,558
440,388
488,206
631,570
640,851
658,184
679,524
684,709
718,563
745,959
650,392
676,799
705,376
724,839
754,020
736,186
736,100
745,965
436,023
433,174
456,401
471,259
465,933
475,464
472,872
331,498
351,692
339,006
349,973
352,948
359,896
378,271
94,952
407,650
403,684
430,808
428,600
434,043
424,621
430,957
432,877
0
0

432,877

430,957

424,621

434,043

428,600

430,808

403,684

407,650

94,952

378,271

359,896

352,948

349,973

339,006

351,692

331,498

472,872

475,464

465,933

471,259

456,401

433,174

436,023

745,965

736,100

736,186

754,020

724,839

705,376

676,799

650,392

745,959

718,563

684,709

679,524

658,184

640,851

631,570

488,206

440,388

352,558

366,815

373,447

382,055

375,112

446,142

439,366

406,623

387,700

79,031

75,840

65,851

49,659

> Total Stockholder Equity

35,789
0
0
14,166
1,207,518
3,246,004
3,250,591
2,981,157
2,225,773
2,294,848
2,419,067
2,659,511
2,664,850
2,767,648
2,754,106
2,797,852
3,013,190
470,429
1,092,289
1,075,040
3,042,516
3,097,605
3,131,064
3,150,252
3,140,890
3,167,128
3,166,629
3,183,365
3,217,370
3,417,897
3,463,597
3,505,283
3,533,168
3,563,143
3,615,323
3,616,431
3,695,478
3,776,216
3,833,962
3,892,677
3,920,065
3,832,588
3,843,420
3,881,983
4,162,563
4,190,527
4,229,387
4,244,005
4,140,199
4,168,102
4,230,885
3,674,721
3,669,805
3,547,346
3,525,843
3,554,562
3,542,334
3,494,106
3,510,606
3,462,906
3,353,827
3,446,199
3,398,229
3,439,333
3,502,619
3,546,079
3,574,121
3,573,398
19,880,177

19,880,177

3,573,398

3,574,121

3,546,079

3,502,619

3,439,333

3,398,229

3,446,199

3,353,827

3,462,906

3,510,606

3,494,106

3,542,334

3,554,562

3,525,843

3,547,346

3,669,805

3,674,721

4,230,885

4,168,102

4,140,199

4,244,005

4,229,387

4,190,527

4,162,563

3,881,983

3,843,420

3,832,588

3,920,065

3,892,677

3,833,962

3,776,216

3,695,478

3,616,431

3,615,323

3,563,143

3,533,168

3,505,283

3,463,597

3,417,897

3,217,370

3,183,365

3,166,629

3,167,128

3,140,890

3,150,252

3,131,064

3,097,605

3,042,516

1,075,040

1,092,289

470,429

3,013,190

2,797,852

2,754,106

2,767,648

2,664,850

2,659,511

2,419,067

2,294,848

2,225,773

2,981,157

3,250,591

3,246,004

1,207,518

14,166

35,789

Common Stock

1
0
0
1
0
90
90
90
90
90
91
91
91
91
91
91
91
92
92
92
93
93
93
93
93
94
95
96
96
97
97
97
98
98
98
98
99
100
100
100
100
101
101
102
102
102
102
102
102
102
104
104
105
105
105
105
105
106
106
106
106
106
107
107
107
107
107
107
271

271

107

106

105

104

102

101

100

Retained Earnings

-25,665
0
0
-56,763
0
5,701
53,525
-254,405
-944,001
-958,833
-857,019
-563,079
-593,484
-521,738
-563,215
-558,064
-389,126
1,914
-130,205
-17,887
-385,487
-258,899
-223,217
-200,663
-174,439
-170,981
-180,740
-176,420
-171,914
-159,859
-129,055
-68,887
-19,040
10,358
42,108
70,943
134,317
183,472
239,258
276,059
314,247
366,470
373,410
408,079
721,316
714,423
792,278
808,330
694,129
709,928
704,236
685,927
632,809
569,446
558,034
583,474
583,591
662,110
699,405
732,814
656,466
747,899
761,767
784,170
833,517
862,558
873,715
876,959
11,737,983

11,737,983

876,959

873,715

862,558

833,517

784,170

761,767

747,899

656,466

732,814

699,405

662,110

583,591

583,474

558,034

569,446

632,809

685,927

704,236

709,928

694,129

808,330

792,278

714,423

721,316

408,079

373,410

366,470

314,247

276,059

239,258

183,472

134,317

70,943

42,108

10,358

-19,040

-68,887

-129,055

-159,859

-171,914

-176,420

-180,740

-170,981

-174,439

-200,663

-223,217

-258,899

-385,487

-17,887

-130,205

1,914

-389,126

-558,064

-563,215

-521,738

-593,484

-563,079

-857,019

-958,833

-944,001

-254,405

53,525

5,701

-56,763

-25,665

Accumulated Other Comprehensive Income

10
0
0
95
1,207,518
7,953
-45,725
409
-10,598
69,528
94,179
58,041
77,120
103,399
123,421
156,091
188,982
194,896
-1,367
-6,380
165,771
86,039
70,122
59,960
18,752
11,679
-11,767
-15,248
-14,655
-9,662
-9,726
-35,258
-55,856
-81,047
-73,579
-112,001
-117,233
-106,353
-111,820
-99,167
-124,803
-80,191
-86,068
-88,732
-130,154
-111,413
-154,011
-160,947
-125,100
-124,251
-119,500
-131,664
-122,138
-192,218
-206,810
-209,538
-187,876
-215,476
-182,226
-205,470
-212,102
-173,280
-204,465
-180,339
-172,239
-166,931
-153,874
-161,515
-160,056

-160,056

-161,515

-153,874

-166,931

-172,239

-180,339

-204,465

-173,280

-212,102

-205,470

-182,226

-215,476

-187,876

-209,538

-206,810

-192,218

-122,138

-131,664

-119,500

-124,251

-125,100

-160,947

-154,011

-111,413

-130,154

-88,732

-86,068

-80,191

-124,803

-99,167

-111,820

-106,353

-117,233

-112,001

-73,579

-81,047

-55,856

-35,258

-9,726

-9,662

-14,655

-15,248

-11,767

11,679

18,752

59,960

70,122

86,039

165,771

-6,380

-1,367

194,896

188,982

156,091

123,421

103,399

77,120

58,041

94,179

69,528

-10,598

409

-45,725

7,953

1,207,518

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,291,971
3,297,896
3,311,405
3,329,160
3,346,453
3,354,676
3,360,301
3,368,534
3,382,228
3,389,024
3,394,646
3,424,498
3,457,203
3,473,099
3,502,005
3,685,477
3,700,437
3,707,487
3,706,122
3,731,890
3,744,852
3,755,547
3,776,451
3,797,153
3,804,580
3,813,841
3,828,677
3,644,370
3,654,139
3,660,696
3,669,461
3,685,577
3,689,180
3,694,682
3,702,522
3,713,777
3,777,499
3,251,808
3,290,483
3,307,360
3,311,861
3,317,868
3,321,426
3,333,047
3,337,190
3,341,751
3,345,878
3,343,056
3,355,238
3,361,219
3,367,058
3,376,169
3,379,997
0
0

3,379,997

3,376,169

3,367,058

3,361,219

3,355,238

3,343,056

3,345,878

3,341,751

3,337,190

3,333,047

3,321,426

3,317,868

3,311,861

3,307,360

3,290,483

3,251,808

3,777,499

3,713,777

3,702,522

3,694,682

3,689,180

3,685,577

3,669,461

3,660,696

3,654,139

3,644,370

3,828,677

3,813,841

3,804,580

3,797,153

3,776,451

3,755,547

3,744,852

3,731,890

3,706,122

3,707,487

3,700,437

3,685,477

3,502,005

3,473,099

3,457,203

3,424,498

3,394,646

3,389,024

3,382,228

3,368,534

3,360,301

3,354,676

3,346,453

3,329,160

3,311,405

3,297,896

3,291,971

Treasury Stock

-471,582

-436,521

-406,295

-343,869

-285,681

-174,912

-137,347

-131,454

-98,162

-97,557

-97,055

-75,547

-68,045

-14,785

Other Stockholders Equity

61,441
0
0
70,831
-482
3,232,213
3,242,976
4,622,559
3,180,684
3,183,591
3,181,995
3,164,499
3,181,243
3,186,295
3,194,230
3,199,825
3,213,225
3,230,894
3,247,840
3,256,894
3,261,910
3,270,411
3,284,188
3,290,822
3,296,236
3,326,015
3,359,274
3,374,689
3,404,188
3,587,315
3,602,275
3,609,325
3,607,960
3,633,728
3,646,690
3,657,385
3,678,289
3,698,991
3,706,418
3,715,679
3,730,515
3,546,017
3,555,909
3,562,802
3,571,145
3,587,002
3,591,007
3,596,573
3,570,968
3,582,072
3,646,545
3,120,690
3,158,891
3,169,795
3,174,704
3,180,983
3,146,638
3,047,366
2,993,321
2,935,456
2,909,357
2,871,474
2,840,820
2,835,395
2,841,234
2,850,345
2,854,173
2,857,847
8,301,979

8,301,979

2,857,847

2,854,173

2,850,345

2,841,234

2,835,395

2,840,820

2,871,474

2,909,357

2,935,456

2,993,321

3,047,366

3,146,638

3,180,983

3,174,704

3,169,795

3,158,891

3,120,690

3,646,545

3,582,072

3,570,968

3,596,573

3,591,007

3,587,002

3,571,145

3,562,802

3,555,909

3,546,017

3,730,515

3,715,679

3,706,418

3,698,991

3,678,289

3,657,385

3,646,690

3,633,728

3,607,960

3,609,325

3,602,275

3,587,315

3,404,188

3,374,689

3,359,274

3,326,015

3,296,236

3,290,822

3,284,188

3,270,411

3,261,910

3,256,894

3,247,840

3,230,894

3,213,225

3,199,825

3,194,230

3,186,295

3,181,243

3,164,499

3,181,995

3,183,591

3,180,684

4,622,559

3,242,976

3,232,213

-482

70,831

61,441

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	774,011	101,908	109,841	123,118	126,003	123,135	113,159	194,847	238,353	220,756	257,159	311,688	266,740	159,358	209,682	227,230	22,786	8,869
Accumulated Amortization	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
Accumulated Other Comprehensive Income	-160,056	-172,239	-212,102	-187,876	-122,138	-125,100	-130,154	-124,803	-117,233	-55,856	-14,655	18,752	165,771	188,982	77,120	-10,598	1,207,518	10
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	3,121,307	153,786	151,678	129,585	111,592	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	271	107	106	105	105	102	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	3,367,058	3,345,878	3,321,426	3,290,483	3,702,522	3,669,461	3,828,677	3,776,451	3,706,122	3,502,005	3,394,646	3,360,301	3,311,405	0	0	0	0
Cash	1,821,376	704,541	535,894	896,005	1,519,431	928,306	2,431,456	2,571,143	924,240	549,053	634,119	731,614	614,035	141,814	23,330	24,467	41,082	24,382
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,444,420	1,678,456	1,546,390	2,534,276	2,460,054	3,210,458	3,245,617	3,093,659	1,536,578	1,688,156	1,620,652	1,547,565	1,696,442	1,130,900	829,162	828,661	532,267	24,455
Common Stock	271	107	106	105	105	102	102	100	99	98	96	93	93	91	91	90	0	1
Common Stock Shares Outstanding	270,842	307,733	89,941	97,920	96,738	96,250	96,741	94,410	93,466	92,616	90,952	87,959	86,655	85,203	86,059	89,324	89,712	5,535
Common Stock Total Equity	0	107	106	105	105	102	102	100	99	98	96	93	93	91	91	90	0	1
Current Deferred Revenue	754,658	121,739	141,343	104,569	101,060	72,284	65,959	62,956	61,881	71,708	57,592	47,652	54,090	0	0	0	4,055	-297
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	424,621	403,684	359,896	351,692	465,933	436,023	754,020	650,392	679,524	488,206	373,447	439,366	75,840	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	532,491	511,086	511,597	506,953	504,173	504,173	510,630	510,630	510,630	504,173	507,924	533,018	0	0	0	248,428	0
Intangible Assets	38,745,872	595,070	608,451	613,856	609,891	539,885	595,891	633,087	676,465	764,040	845,939	910,208	936,262	235,261	221,623	185,143	71,646	54,792
Inventory	665,169	123,606	103,084	97,992	79,621	75,379	83,595	72,444	67,010	62,963	66,084	84,348	68,707	30,433	53,014	46,493	21,043	5,657
Liabilities And Stockholders Equity	57,108,894	6,199,003	6,045,204	7,073,352	7,154,298	8,661,294	8,750,014	9,008,859	7,240,762	7,253,998	6,701,963	6,600,233	6,543,737	3,842,020	3,468,068	2,903,986	1,260,910	49,829
Long Term Debt	19,717,266	1,496,777	1,495,994	1,495,256	2,389,733	2,573,204	3,594,213	3,622,879	2,156,667	2,325,775	2,352,597	2,420,793	2,469,023	359,825	392,163	293,661	2,344	0
Long Term Debt Total	0	1,496,777	1,495,994	1,495,256	2,389,733	2,573,204	3,594,213	3,622,879	2,187,943	2,325,775	2,352,597	2,420,793	2,469,023	359,825	0	0	0	0
Long Term Investments	314,370	356,705	297,747	284,937	325,405	357,587	254,114	287,805	300,230	250,203	259,582	183,211	140,439	725,588	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	24,504,904	946,022	1,111,778	1,627,073	982,380	2,604,475	1,203,388	1,089,043	1,299,401	1,818,634	1,788,269	1,756,885	1,920,227	271,071	423,039	321,972	-37,373	-24,085
Net Invested Capital	42,644,097	4,999,396	4,849,821	5,935,827	6,060,024	7,672,980	7,797,407	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,122,139	239,971	199,012	189,601	207,312	215,296	240,135	488,403	456,399	414,901	514,427	493,218	442,812	281,244	457,632	326,845	34,154	11,987
Net Tangible Assets	0	2,954,430	2,358,991	2,498,800	2,654,747	3,096,141	3,062,499	2,776,342	2,508,377	2,258,492	1,867,258	1,722,758	1,573,236	2,777,929	0	0	0	0
Net Working Capital	-3,126,775	1,702,550	1,466,774	1,482,915	2,340,195	2,235,712	3,301,661	3,191,849	1,606,828	1,810,358	1,797,681	1,627,324	1,724,015	1,176,650	999,848	859,381	560,357	31,832
Non Current Assets Total	52,217,080	4,073,622	4,118,307	4,165,266	4,318,084	5,080,445	5,034,463	5,285,572	5,107,103	4,925,907	4,345,837	4,385,584	4,236,000	2,306,553	2,104,210	1,675,273	650,156	5,237
Non Current Liabilities Other	849,131	54,169	271,323	185,779	171,301	121,546	128,503	93,717	93,954	107,328	76,484	68,441	0	34,348	0	0	0	0
Non Current Liabilities Total	28,702,013	2,177,117	2,171,001	2,040,931	2,912,726	3,160,683	4,158,739	4,470,616	2,932,289	3,112,627	2,917,287	2,862,681	2,908,389	470,013	439,208	308,881	2,995	1,280
Non Currrent Assets Other	38,984,471	192,210	208,123	234,479	225,804	263,892	214,814	184,747	206,788	209,274	209,944	148,640	124,957	64,975	64,327	140,472	116,245	834
Noncontrolling Interest In Consolidated Entity	0	96,436	60,253	64,916	75,748	15,275	14,822	86,740	86,164	90,470	8,861	9,337	9,110	0	0	0	0	0
Other Assets	0	200,221	338,241	352,921	233,055	1,204,063	219,501	510,521	719,324	157,341	189,766	171,957	172,735	82,401	87,383	81,555	14,212	4,572
Other Current Assets	660,086	21,471	21,124	30,836	22,213	18,539	91,574	10,862	16,723	7,699	29,930	66,201	76,284	92,890	18,997	17,230	23,290	337
Other Current Liab	3,069,412	181,330	192,158	284,548	253,819	190,141	194,141	236,328	190,899	183,357	173,903	160,279	197,653	146,399	100,122	89,324	22,191	3,891
Other Liab	0	544,408	540,110	430,789	426,052	774,481	564,526	848,153	744,346	107,328	76,484	68,441	65,975	34,348	15,457	15,220	0	0
Other Stockholder Equity	8,301,979	2,841,234	2,909,357	3,146,514	3,159,029	3,570,968	3,571,145	3,730,515	3,678,289	3,607,960	3,404,188	3,296,236	3,261,910	3,213,225	3,181,243	3,180,684	-482	61,441
Preferred Stock Redeemable	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	6	6	6	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	20,812,637	5,066,778	5,844,023	2,518,616	2,642,780	3,414,908	3,465,471	3,669,303	3,412,990	3,194,793	2,546,377	2,612,284	2,453,546	1,263,303	1,233,185	1,182,048	213,837	1,585
Property Plant And Equipment Net	12,627,282	2,389,135	2,487,483	2,518,616	2,642,780	3,414,908	3,465,471	3,669,303	3,412,990	3,194,793	2,546,377	2,612,284	2,453,546	1,263,303	1,233,185	1,182,048	213,837	1,585
Property Plant Equipment	0	2,389,135	2,487,483	2,518,616	2,642,780	3,414,908	3,465,471	3,669,303	3,412,990	3,194,793	2,546,377	2,612,284	2,453,546	1,263,303	1,233,185	1,182,048	213,837	70,510
Retained Earnings	11,737,983	833,517	656,466	583,591	632,809	694,129	721,316	314,247	134,317	-19,040	-171,914	-174,439	-385,487	-389,126	-593,484	-944,001	0	-25,665
Retained Earnings Total Equity	0	833,517	656,466	583,591	632,809	694,129	721,316	314,247	134,317	-19,040	-171,914	-174,439	-385,487	-389,126	0	0	0	0
Short Long Term Debt	3,046,654	1,552,559	0	898,237	486	959,577	40,631	37,307	35,698	41,912	0	0	0	0	0	0	0	0
Short Long Term Debt Total	26,326,280	1,650,563	1,647,672	2,523,078	2,501,811	3,532,781	3,634,844	3,660,186	2,223,641	2,367,687	2,422,388	2,488,499	2,534,262	412,885	446,369	346,439	3,709	297
Short Term Debt	3,420,508	17,854	16,781	912,936	15,137	959,577	40,631	37,307	35,698	41,912	69,791	67,706	65,239	53,060	54,206	52,778	1,365	297
Short Term Investments	623,044	973,915	1,010,496	1,638,271	940,623	2,282,152	814,161	522,516	612,338	1,139,103	986,533	815,951	1,082,407	989,086	805,832	804,194	491,185	73
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	57,108,894	6,199,003	6,045,204	7,073,352	7,154,298	8,661,294	8,750,014	9,008,859	7,240,762	7,253,998	6,701,963	6,600,233	6,543,737	3,842,020	3,468,068	2,903,986	1,260,910	49,829
Total Current Assets	4,891,814	2,125,381	1,926,897	2,908,086	2,836,214	3,580,849	3,715,551	3,723,287	2,133,659	2,328,091	2,356,126	2,214,649	2,307,737	1,535,467	1,363,858	1,228,713	610,754	44,592
Total Current Liabilities	8,018,589	422,831	460,123	1,425,171	496,019	1,345,137	413,890	531,438	526,831	517,733	558,445	587,325	583,722	358,817	364,010	369,332	50,397	12,760
Total Liab	36,720,602	2,599,948	2,631,124	3,466,102	3,408,745	4,505,820	4,572,629	5,002,054	3,459,120	3,630,360	3,475,732	3,450,006	3,492,111	828,830	803,218	678,213	53,392	14,040
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	19,880,177	3,502,619	3,353,827	3,542,334	3,669,805	4,140,199	4,162,563	3,920,065	3,695,478	3,533,168	3,217,370	3,140,890	3,042,516	3,013,190	2,664,850	2,225,773	1,207,518	35,789
Treasury Stock	0	0	-436,521	-174,912	-131,454	-131,454	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-97,557	-68,045	0	0
Warrants	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
Accounts Payable	774,011	83,756	91,957	86,327	101,908	95,451	104,275	110,028	109,841	111,874	122,082	106,926	123,118	112,137	115,065	108,474	126,003	123,033	107,042	118,578	123,135	120,646	101,628	107,527	113,159	126,992	119,524	138,152	194,847	226,754	224,961	257,567	238,353	235,152	230,077	255,579	220,756	277,549	231,123	291,259	257,159	274,929	255,756	228,839	311,688	245,396	245,259	324,174	266,740	112,825	117,144	34,056	159,358	224,732	199,773	216,721	209,682	275,805	209,758	229,962	227,230	338,061	235,259	407,966	22,786	3,643	0	0	8,869
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
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
Accumulated Other Comprehensive Income	-160,056	-161,515	-153,874	-166,931	-172,239	-180,339	-204,465	-173,280	-212,102	-205,470	-182,226	-215,476	-187,876	-209,538	-206,810	-192,218	-122,138	-131,664	-119,500	-124,251	-125,100	-160,947	-154,011	-111,413	-130,154	-88,732	-86,068	-80,191	-124,803	-99,167	-111,820	-106,353	-117,233	-112,001	-73,579	-81,047	-55,856	-35,258	-9,726	-9,662	-14,655	-15,248	-11,767	11,679	18,752	59,960	70,122	86,039	165,771	-6,380	-1,367	194,896	188,982	156,091	123,421	103,399	77,120	58,041	94,179	69,528	-10,598	409	-45,725	7,953	1,207,518	95	0	0	10
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
Capital Lease Obligations	3,121,307	145,684	146,091	149,638	153,786	150,586	154,768	153,755	151,678	143,336	134,292	133,587	129,585	129,885	125,204	119,009	111,592	94,332	94,979	95,215	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	271	107	107	107	107	107	107	106	106	106	106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,379,997	3,376,169	3,367,058	3,361,219	3,355,238	3,343,056	3,345,878	3,341,751	3,337,190	3,333,047	3,321,426	3,317,868	3,311,861	3,307,360	3,290,483	3,251,808	3,777,499	3,713,777	3,702,522	3,694,682	3,689,180	3,685,577	3,669,461	3,660,696	3,654,139	3,644,370	3,828,677	3,813,841	3,804,580	3,797,153	3,776,451	3,755,547	3,744,852	3,731,890	3,706,122	3,707,487	3,700,437	3,685,477	3,502,005	3,473,099	3,457,203	3,424,498	3,394,646	3,389,024	3,382,228	3,368,534	3,360,301	3,354,676	3,346,453	3,329,160	3,311,405	3,297,896	3,291,971	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,821,376	1,094,531	702,055	920,105	704,541	901,269	991,595	889,199	535,894	429,656	716,522	1,583,747	896,005	555,550	1,948,464	1,599,025	1,519,431	1,547,162	1,298,005	1,349,724	928,306	1,597,295	1,793,053	2,239,591	2,431,456	2,798,359	2,985,062	2,799,545	2,571,143	2,215,708	761,840	898,816	924,240	779,105	502,010	591,506	549,053	760,391	708,257	702,007	634,119	821,356	700,134	737,410	731,614	694,464	633,385	629,094	614,035	194,212	193,264	519	141,814	116,704	122,318	163,615	23,330	47,456	63,457	147,517	24,467	329,794	802,149	665,059	41,082	7,763	0	0	24,382
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
Cash And Short Term Investments	2,444,420	1,989,275	1,913,462	1,675,274	1,678,456	1,568,173	1,521,449	1,523,792	1,546,390	1,556,704	1,558,043	2,319,165	2,534,276	2,506,354	2,458,444	2,389,386	2,460,054	2,547,327	2,501,313	3,274,832	3,210,458	3,440,170	3,433,829	3,300,324	3,245,617	3,283,394	3,265,464	3,182,560	3,093,659	3,019,017	1,507,684	1,502,162	1,536,578	1,586,767	1,511,488	1,715,593	1,688,156	1,779,638	1,688,560	1,708,265	1,620,652	1,708,984	1,603,464	1,526,974	1,547,565	1,556,694	1,594,324	1,682,744	1,696,442	453,708	430,819	519	1,130,900	966,691	919,553	923,936	829,162	934,757	950,195	930,405	828,661	963,101	1,062,313	1,342,586	532,267	7,763	0	0	24,455
Common Stock	271	107	107	107	107	107	107	106	106	106	106	106	105	105	105	105	105	104	104	102	102	102	102	102	102	102	101	101	100	100	100	100	99	98	98	98	98	97	97	97	96	96	95	94	93	93	93	93	93	92	92	92	91	91	91	91	91	91	91	90	90	90	90	90	0	1	0	0	1
Common Stock Shares Outstanding	83,554	83,850	83,770	83,333	82,979	83,140	84,317	85,879	88,512	88,512	90,714	93,896	98,004	98,004	97,879	97,811	97,811	97,455	96,415	95,386	95,386	96,166	96,946	95,888	95,888	96,890	96,785	95,893	94,745	94,401	94,330	93,852	93,331	93,493	93,514	93,357	91,969	92,971	92,714	92,336	90,689	91,266	88,179	89,600	88,178	87,998	87,814	87,326	86,684	86,548	86,404	85,819	85,819	85,250	85,102	84,933	84,855	85,310	86,609	86,471	86,471	89,884	90,261	91,313	89,727	89,712	89,712	89,712	89,712
Common Stock Total Equity	0	0	107	107	107	107	107	106	106	106	106	106	105	105	105	105	105	104	104	102	102	102	102	102	102	102	101	101	100	100	100	100	99	98	98	98	98	97	97	97	96	96	95	94	93	93	93	93	93	92	92	92	91	91	91	91	91	91	91	90	90	90	90	90	0	1	0	0	1
Current Deferred Revenue	754,658	122,288	107,977	129,292	121,739	127,584	134,856	138,201	141,343	134,635	127,820	112,507	104,569	89,622	89,831	99,266	101,060	109,557	106,308	90,180	72,284	74,135	72,776	65,333	65,959	56,285	54,722	54,596	62,956	62,197	67,516	62,579	61,881	69,239	75,906	64,673	71,708	73,431	67,189	58,252	57,592	47,279	42,112	48,473	47,652	42,684	45,211	49,778	54,090	63,718	63,261	-130,431	0	0	0	0	0	0	0	0	0	6,913	2,107	8,480	4,055	-1,380	0	0	-297
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
Deferred Long Term Liab	0	0	432,877	430,957	424,621	434,043	428,600	430,808	403,684	407,650	94,952	378,271	359,896	352,948	349,973	339,006	351,692	331,498	472,872	475,464	465,933	471,259	456,401	433,174	436,023	745,965	736,100	736,186	754,020	724,839	705,376	676,799	650,392	745,959	718,563	684,709	679,524	658,184	640,851	631,570	488,206	440,388	352,558	366,815	373,447	382,055	375,112	446,142	439,366	406,623	387,700	79,031	75,840	65,851	49,659	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	532,710	533,295	532,858	532,491	532,570	533,505	535,394	511,086	511,266	511,886	510,945	511,597	508,660	509,054	509,315	506,953	504,173	504,173	504,173	504,173	504,173	504,173	504,173	504,173	504,173	504,173	504,173	510,630	510,630	510,630	510,630	510,630	510,630	510,630	510,630	510,630	510,630	504,173	504,173	504,173	507,924	507,924	507,924	507,924	514,536	520,994	526,680	533,018	523,135	513,712	0	0	0	0	0	0	0	0	0	0	247,053	247,856	247,856	248,428	0	0	0	0
Intangible Assets	38,745,872	590,911	592,537	593,252	595,070	594,402	601,962	609,086	608,451	610,661	611,704	611,361	613,856	608,285	606,221	601,391	609,891	459,377	530,530	534,803	539,885	573,507	579,939	591,821	595,891	608,192	610,626	618,626	633,087	646,577	656,793	665,061	676,465	691,878	717,153	732,549	764,040	787,379	802,987	824,520	845,939	820,173	841,961	889,892	910,208	935,289	419,123	912,956	936,262	853,810	892,027	230,389	235,261	126,832	204,980	213,286	221,623	229,960	238,297	176,824	185,143	259,692	197,926	206,220	71,646	0	0	0	54,792
Inventory	665,169	167,511	151,508	137,634	123,606	115,549	110,596	110,001	103,084	103,233	96,227	95,632	97,992	93,751	83,559	88,446	79,621	83,397	73,345	76,114	75,379	70,061	81,388	85,995	83,595	91,232	91,265	79,422	72,444	73,789	72,392	70,136	67,010	73,956	70,568	71,069	62,963	68,582	63,958	64,622	66,084	73,567	77,390	87,554	84,348	74,122	76,654	97,621	68,707	62,953	55,739	30,063	30,433	43,646	38,049	55,355	53,014	33,563	47,995	39,615	46,493	51,048	59,496	36,417	21,043	6,446	0	0	5,657
Liabilities And Stockholders Equity	57,108,894	6,230,458	6,237,044	6,193,788	6,199,003	6,125,305	6,118,523	6,169,753	6,045,204	6,182,358	6,209,606	6,951,809	7,073,352	7,025,536	6,976,190	6,959,621	7,154,298	7,037,750	7,950,091	8,778,891	8,661,294	8,850,446	8,791,985	8,761,744	8,750,014	8,807,156	8,743,671	8,747,026	9,008,859	8,977,337	7,361,393	7,336,235	7,240,762	7,289,143	7,233,133	7,316,631	7,253,998	7,312,681	7,172,138	7,238,592	6,701,963	6,664,459	6,506,327	6,549,952	6,600,233	6,656,665	6,638,108	6,687,469	6,543,737	4,173,407	4,161,678	1,008,537	3,842,020	3,633,821	3,551,812	3,586,813	3,468,068	3,387,489	3,108,423	3,001,510	2,903,986	3,925,754	4,074,281	4,264,626	1,260,910	31,194	0	0	49,829
Long Term Debt	19,717,266	1,497,396	1,497,187	1,496,981	1,496,777	1,496,578	1,496,379	1,496,185	1,495,994	1,495,805	1,495,619	1,495,436	1,495,256	1,495,078	1,494,902	2,390,218	2,389,733	2,388,931	2,553,352	2,386,136	2,385,164	2,582,819	2,592,174	3,367,078	3,594,213	3,605,715	3,611,746	3,620,044	3,622,879	3,629,973	2,144,479	290,570	2,187,943	2,195,985	2,202,337	2,320,078	2,325,775	2,332,730	2,339,338	2,345,199	2,352,597	2,364,121	2,380,172	2,397,542	2,420,793	2,431,894	2,457,837	2,477,143	2,469,023	2,339,316	2,346,752	354,534	359,825	364,674	382,357	394,960	392,163	257,432	270,036	282,275	293,661	308,455	323,590	334,679	2,344	0	0	0	0
Long Term Debt Total	0	0	1,497,187	1,496,981	1,496,777	1,496,578	1,496,379	1,496,185	1,495,994	1,495,805	1,495,619	1,495,436	1,495,256	1,495,078	1,494,902	2,390,218	2,389,733	2,388,931	2,553,352	2,563,429	2,573,204	2,582,819	2,592,174	3,585,972	3,594,213	3,605,715	3,611,746	3,620,044	3,622,879	3,629,973	2,144,479	290,570	2,187,943	2,195,985	2,202,337	2,320,078	2,325,775	2,332,730	2,339,338	2,345,199	2,352,597	2,364,121	2,380,172	2,397,542	2,420,793	2,431,894	2,457,837	2,477,143	2,469,023	2,339,316	2,346,752	354,534	359,825	364,674	382,357	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	314,370	136,455	193,432	364,954	356,705	352,778	352,078	350,318	297,747	351,884	340,688	347,615	284,937	284,238	275,873	298,147	325,405	319,229	322,315	323,717	357,587	255,172	249,915	266,888	254,114	257,423	265,646	257,021	287,805	292,631	293,399	299,915	300,230	305,224	317,288	248,662	250,203	258,150	249,956	255,606	259,582	168,894	175,697	179,571	183,211	178,221	140,549	147,315	140,439	277,944	831,264	752,836	725,588	613,353	611,210	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
Net Debt	24,504,904	548,549	941,223	726,514	946,022	745,895	659,552	760,741	1,111,778	1,209,485	913,389	854,034	1,627,073	1,966,716	568,028	910,202	982,380	936,508	1,393,008	2,262,556	2,604,475	2,015,612	1,827,240	1,387,805	1,203,388	845,763	665,913	857,769	1,089,043	1,451,982	1,421,133	1,287,987	1,299,401	1,449,108	1,731,993	1,760,047	1,818,634	1,616,878	1,682,161	1,704,596	1,788,269	1,611,427	1,745,511	1,725,268	1,756,885	1,802,880	1,890,548	1,916,590	1,920,227	2,202,100	2,211,048	407,485	271,071	294,923	299,948	283,024	423,039	259,649	258,473	185,785	321,972	30,174	-428,835	-278,160	-37,373	-6,383	0	0	-24,085
Net Invested Capital	42,644,097	5,070,794	5,071,308	5,043,060	4,999,396	4,935,911	4,894,608	4,942,384	4,849,821	4,958,711	5,006,225	5,798,300	5,935,827	5,946,943	5,917,131	5,937,564	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,122,139	243,151	247,484	260,054	239,971	249,107	230,427	217,601	199,012	208,839	194,351	194,321	189,601	198,029	196,844	198,867	207,312	216,904	215,504	236,068	215,296	228,589	213,088	223,043	240,135	244,899	249,071	218,144	488,403	508,201	497,019	504,258	456,399	425,006	428,893	428,619	414,901	486,859	492,164	535,188	514,427	501,419	501,233	507,859	493,218	491,800	500,907	524,893	442,812	198,998	217,555	41,461	281,244	441,108	397,157	405,198	457,632	337,202	258,141	342,080	326,845	539,225	333,062	577,402	34,154	7,276	0	0	11,987
Net Tangible Assets	0	0	3,026,244	2,998,070	2,954,430	2,890,440	2,847,706	2,893,013	2,358,991	2,937,262	2,387,016	2,458,366	2,498,800	2,549,528	2,519,659	2,541,041	2,654,747	2,711,171	3,196,182	3,129,126	3,096,141	3,166,325	3,145,275	3,094,533	3,062,499	2,769,618	2,728,621	2,709,789	2,776,342	2,735,464	2,666,533	2,600,519	2,508,377	2,413,917	2,387,534	2,319,958	2,258,492	2,207,268	2,156,431	2,089,198	1,867,258	1,855,268	1,816,744	1,769,312	1,722,758	1,700,427	1,649,701	1,657,969	1,573,236	1,482,999	1,541,214	2,984,214	2,777,929	2,601,210	2,549,126	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-3,126,775	2,076,258	1,998,595	1,801,568	1,702,550	1,634,854	1,522,979	1,509,329	1,466,774	1,467,151	1,391,979	1,365,620	1,482,915	1,515,301	1,465,613	2,320,975	2,340,195	2,472,345	2,403,946	2,331,636	2,235,712	2,399,247	2,428,199	3,272,499	3,301,661	3,257,921	3,301,336	3,327,671	3,191,849	3,169,254	1,646,428	-260,112	1,606,828	1,714,788	1,673,253	1,814,870	1,810,358	1,855,245	1,859,871	1,814,754	1,797,681	1,796,643	1,773,986	1,699,540	1,627,324	1,678,506	1,677,237	1,754,141	1,724,015	359,787	422,626	-55,941	1,176,650	1,108,403	1,045,755	1,029,371	999,848	905,856	952,088	977,948	859,381	1,034,621	1,146,593	1,437,725	560,357	13,265	0	0	31,832
Non Current Assets Total	52,217,080	3,757,521	3,840,268	4,014,047	4,073,622	4,084,235	4,161,181	4,236,750	4,118,307	4,227,910	4,270,523	4,254,406	4,165,266	4,135,508	4,148,668	4,192,429	4,318,084	4,103,664	5,074,483	5,101,250	5,080,445	5,038,255	4,988,880	5,079,468	5,034,463	5,121,204	5,035,165	4,995,610	5,285,572	5,259,848	5,215,535	5,186,891	5,107,103	5,031,490	5,053,656	4,946,491	4,925,907	4,840,716	4,789,092	4,789,356	4,345,837	4,289,354	4,222,992	4,329,919	4,385,584	4,389,405	4,360,541	4,276,198	4,236,000	3,397,448	3,376,519	953,547	2,306,553	2,149,070	2,156,075	2,174,049	2,104,210	2,051,494	1,803,487	1,648,126	1,675,273	2,342,128	2,573,056	2,277,390	650,156	7,602	0	0	5,237
Non Current Liabilities Other	849,131	51,895	237,673	244,415	54,169	252,916	259,625	261,173	271,323	263,161	69,044	188,454	185,779	189,647	185,138	178,605	171,301	171,665	209,254	214,457	121,546	124,694	124,252	127,306	128,503	131,626	131,931	121,341	93,717	95,615	92,757	97,742	93,954	100,767	102,753	104,761	107,328	106,634	110,111	113,202	76,484	89,697	89,157	89,042	68,441	94,667	64,914	0	0	0	0	35,316	34,348	29,096	15,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	28,702,013	2,167,991	2,167,737	2,172,353	2,177,117	2,183,537	2,184,604	2,188,166	2,171,001	2,166,616	2,077,597	2,062,161	2,040,931	2,037,673	2,030,013	2,907,829	2,912,726	2,892,094	3,235,478	3,253,350	3,160,683	3,178,772	3,172,827	4,146,452	4,158,739	4,483,306	4,479,777	4,477,571	4,470,616	4,450,427	2,942,612	1,065,111	2,932,289	3,042,711	3,023,653	3,109,548	3,112,627	3,097,548	3,090,300	3,089,971	2,917,287	2,894,206	2,821,887	2,853,399	2,862,681	2,908,616	2,897,863	2,923,285	2,908,389	2,672,798	2,696,021	427,177	470,013	459,621	447,724	435,772	439,208	297,839	337,250	331,226	308,881	395,592	469,058	469,111	2,995	6,701	0	0	1,280
Non Currrent Assets Other	38,984,471	200,057	199,805	191,144	192,210	198,767	203,836	209,145	208,123	236,472	240,915	230,276	234,479	223,254	222,502	228,094	225,804	264,465	274,028	259,506	263,892	262,866	258,237	255,582	214,814	220,957	203,358	190,242	184,747	181,631	185,545	183,835	206,788	198,804	198,090	217,515	209,274	224,128	225,032	220,871	189,766	242,205	146,622	140,535	171,957	125,369	701,896	117,218	148,449	161,489	133,550	128,174	64,975	120,942	71,115	50,114	64,327	62,017	42,026	107,894	140,472	379,426	649,737	328,321	116,245	1,128	0	0	834
Noncontrolling Interest In Consolidated Entity	0	0	97,005	97,183	96,436	96,219	101,327	111,714	60,253	65,539	74,299	63,759	64,916	58,574	58,425	58,229	75,748	9,194	12,066	11,434	15,275	14,725	14,865	14,988	14,822	13,836	13,304	13,122	86,740	85,998	85,389	85,452	86,164	87,136	87,933	88,670	90,470	93,130	95,066	96,242	8,861	8,426	8,462	8,932	9,337	9,043	8,851	9,449	9,110	9,397	10,835	-5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	208,573	315,960	200,221	205,416	209,143	214,829	338,241	364,553	242,661	350,920	352,921	232,658	231,813	235,239	233,055	357,786	370,761	753,759	262,006	261,669	260,230	259,169	1,568,992	1,590,745	1,583,803	1,570,062	1,616,269	1,631,469	1,646,367	1,659,441	1,694,113	1,711,268	1,748,786	1,697,410	1,731,114	1,759,805	1,761,395	1,784,822	1,799,460	1,759,779	1,697,961	1,743,746	1,773,300	1,818,275	1,820,737	1,766,496	1,782,454	1,974,630	2,557,842	1,064,981	1,043,250	883,794	904,521	945,033	871,025	885,239	619,665	484,362	493,225	886,171	1,095,519	782,397	436,319	0	0	0	99,618
Other Current Assets	660,086	14,135	15,581	38,703	21,471	36,656	16,318	21,652	21,124	24,173	26,656	31,064	30,836	27,371	24,681	23,823	22,213	17,382	19,857	24,508	18,539	17,222	15,889	13,163	91,574	12,746	12,035	12,495	10,862	54,993	10,429	12,501	16,723	12,623	8,717	7,542	7,699	9,838	11,255	11,277	29,930	70,552	75,491	71,822	66,201	106,652	67,507	67,673	76,284	43,210	64,824	8,016	92,890	27,855	33,887	20,577	18,997	18,758	36,482	27,282	17,230	30,252	46,354	30,831	23,290	656	0	0	337
Other Current Liab	3,069,412	172,780	180,530	144,797	181,330	165,792	177,910	158,413	192,158	224,876	281,689	288,574	284,548	261,156	246,322	224,950	253,819	228,744	215,630	183,611	190,141	188,075	172,383	195,493	194,141	206,347	193,695	193,727	236,328	221,567	168,459	193,077	190,899	206,246	168,575	203,543	183,357	221,201	173,783	223,567	173,903	187,592	146,008	178,045	160,279	235,224	243,764	214,637	197,653	182,259	124,218	153,519	146,399	104,663	110,300	114,993	100,122	104,661	91,196	94,447	89,324	152,518	67,542	80,845	22,191	6,684	0	0	3,891
Other Liab	0	0	542,176	543,491	544,408	553,762	550,779	555,258	540,110	543,387	463,199	448,156	430,789	427,219	424,212	412,129	426,052	408,831	587,147	594,706	587,479	595,953	580,653	560,480	128,503	131,626	131,931	121,341	93,717	95,615	92,757	97,742	93,954	100,767	102,753	104,761	107,328	106,634	110,111	113,202	76,484	89,697	89,157	89,042	68,441	94,667	64,914	67,924	65,975	76,175	67,184	35,316	34,348	29,096	15,708	15,454	15,457	16,502	16,200	15,307	15,220	839	840	839	0	0	0	0	0
Other Stockholder Equity	8,301,979	2,857,847	2,854,173	2,850,345	2,841,234	2,835,395	2,840,820	2,871,474	2,909,357	2,935,456	2,993,321	3,047,366	3,146,638	3,180,983	3,174,704	3,169,795	3,158,891	3,120,690	3,646,545	3,582,072	3,570,968	3,596,573	3,591,007	3,587,002	3,571,145	3,562,802	3,555,909	3,546,017	3,730,515	3,715,679	3,706,418	3,698,991	3,678,289	3,657,385	3,646,690	3,633,728	3,607,960	3,609,325	3,602,275	3,587,315	3,404,188	3,374,689	3,359,274	3,326,015	3,296,236	3,290,822	3,284,188	3,270,411	3,261,910	3,256,894	3,247,840	3,230,894	3,213,225	3,199,825	3,194,230	3,186,295	3,181,243	3,164,499	3,181,995	3,183,591	3,180,684	4,622,559	3,242,976	3,232,213	-482	70,831	0	0	61,441
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
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	6	6	6	6	6	6	6	6	6	6	6	6	0	0	0	0	0	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	20,812,637	3,598,107	3,592,929	3,568,638	5,066,778	3,582,191	0	0	0	0	2,563,584	2,552,518	2,518,616	2,501,667	2,525,707	2,548,337	2,642,780	2,556,420	3,443,437	3,479,051	3,414,908	3,442,537	3,396,616	3,461,004	3,465,471	3,530,459	3,451,362	3,425,548	3,669,303	3,628,379	3,569,168	3,527,450	3,412,990	3,320,222	3,304,870	3,249,081	3,194,793	3,080,911	3,027,697	3,004,534	2,546,377	2,529,575	2,525,031	2,586,173	2,612,284	2,571,130	2,539,804	2,509,702	2,453,546	2,305,073	2,247,150	1,276,352	1,263,303	1,265,276	1,251,554	1,229,016	1,233,185	1,166,255	1,183,822	1,163,764	1,182,048	1,455,957	1,477,537	1,494,993	213,837	3,877	0	0	1,585
Property Plant And Equipment Net	12,627,282	2,288,433	2,312,431	2,323,568	2,389,135	2,399,069	2,464,493	2,527,123	2,487,483	2,514,819	2,563,584	2,552,518	2,518,616	2,501,667	2,525,707	2,548,337	2,642,780	2,556,420	3,443,437	3,479,051	3,414,908	3,442,537	3,396,616	3,461,004	3,465,471	3,530,459	3,451,362	3,425,548	3,669,303	3,628,379	3,569,168	3,527,450	3,412,990	3,320,222	3,304,870	3,249,081	3,194,793	3,080,911	3,027,697	3,004,534	2,546,377	2,529,575	2,525,031	2,586,173	2,612,284	2,571,130	2,539,804	2,509,702	2,453,546	1,837,456	1,788,714	825,373	1,263,303	1,265,276	1,251,554	1,229,016	1,233,185	1,166,255	1,183,822	1,163,764	1,182,048	1,455,957	1,477,537	1,494,993	213,837	3,877	0	0	1,585
Property Plant Equipment	0	0	2,312,431	2,323,568	2,389,135	2,399,069	2,464,493	2,527,123	2,487,483	2,514,819	2,563,584	2,552,518	2,518,616	2,372,594	2,399,711	2,428,543	2,642,780	2,444,157	3,329,794	3,363,404	3,414,908	3,442,537	3,396,616	3,461,004	3,465,471	3,530,459	3,451,362	3,425,548	3,669,303	3,628,379	3,569,168	3,527,450	3,412,990	3,320,222	3,304,870	3,249,081	3,194,793	3,080,911	3,027,697	3,004,534	2,546,377	2,529,575	2,525,031	2,586,173	2,612,284	2,571,130	2,539,804	2,509,702	2,453,546	2,305,073	2,247,150	1,276,352	1,263,303	1,265,276	1,251,554	1,229,016	1,233,185	1,166,255	1,183,822	1,163,764	1,182,048	1,455,957	1,477,537	1,494,993	213,837	0	0	0	70,510
Retained Earnings	11,737,983	876,959	873,715	862,558	833,517	784,170	761,767	747,899	656,466	732,814	699,405	662,110	583,591	583,474	558,034	569,446	632,809	685,927	704,236	709,928	694,129	808,330	792,278	714,423	721,316	408,079	373,410	366,470	314,247	276,059	239,258	183,472	134,317	70,943	42,108	10,358	-19,040	-68,887	-129,055	-159,859	-171,914	-176,420	-180,740	-170,981	-174,439	-200,663	-223,217	-258,899	-385,487	-17,887	-130,205	1,914	-389,126	-558,064	-563,215	-521,738	-593,484	-563,079	-857,019	-958,833	-944,001	-254,405	53,525	5,701	0	-56,763	0	0	-25,665
Retained Earnings Total Equity	0	0	873,715	862,558	833,517	784,170	761,767	747,899	656,466	732,814	699,405	662,110	583,591	583,474	558,034	569,446	632,809	685,927	704,236	709,928	694,129	808,330	792,278	714,423	721,316	408,079	373,410	366,470	314,247	276,059	239,258	183,472	134,317	70,943	42,108	10,358	-19,040	-68,887	-129,055	-159,859	-171,914	-176,420	-180,740	-170,981	-174,439	-200,663	-223,217	-258,899	-385,487	-372,597	-353,480	-371,962	-389,126	-558,064	-563,215	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	3,046,654	0	0	0	1,552,559	0	0	0	0	0	0	808,758	898,237	897,303	896,386	0	486	407	42,682	953,636	918,915	1,030,088	1,028,119	3,627,396	3,634,844	3,644,122	3,650,975	37,270	32,984	37,717	38,494	1,896,233	35,698	0	0	0	41,912	0	0	0	0	0	0	0	0	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	26,326,280	1,643,080	1,643,278	1,646,619	1,650,563	1,647,164	1,651,147	1,649,940	1,647,672	1,639,141	1,629,911	2,437,781	2,523,078	2,522,266	2,516,492	2,509,227	2,501,811	2,483,670	2,691,013	3,612,280	3,532,781	3,612,907	3,620,293	3,627,396	3,634,844	3,644,122	3,650,975	3,657,314	3,660,186	3,667,690	2,182,973	2,186,803	2,223,641	2,228,213	2,234,003	2,351,553	2,367,687	2,377,269	2,390,418	2,406,603	2,422,388	2,432,783	2,445,645	2,462,678	2,488,499	2,497,344	2,523,933	2,545,684	2,534,262	2,396,312	2,404,312	408,004	412,885	411,627	422,266	446,639	446,369	307,105	321,930	333,302	346,439	359,968	373,314	386,899	3,709	1,380	0	0	297
Short Term Debt	3,420,508	17,855	17,717	17,757	17,854	17,389	17,322	17,032	16,781	15,912	15,513	823,776	912,936	911,812	910,691	13,527	15,137	407	42,682	953,636	959,577	1,030,088	1,028,119	41,424	40,631	38,407	39,229	37,270	37,307	37,717	38,494	1,896,233	35,698	32,228	31,666	31,475	41,912	44,539	51,080	61,404	69,791	68,662	65,473	65,136	67,706	65,450	66,096	68,541	65,239	57,370	57,910	53,787	53,060	46,953	39,909	51,679	54,206	49,673	51,894	51,027	52,778	51,513	49,724	52,220	1,365	1,380	0	0	297
Short Term Investments	623,044	894,744	1,211,407	755,169	973,915	666,904	529,854	634,593	1,010,496	1,127,048	841,521	735,418	1,638,271	1,950,804	509,980	790,361	940,623	1,000,165	1,203,308	1,925,108	2,282,152	1,842,875	1,640,776	1,060,733	814,161	485,035	280,402	383,015	522,516	803,309	745,844	603,346	612,338	807,662	1,009,478	1,124,087	1,139,103	1,019,247	980,303	1,006,258	986,533	887,628	903,330	789,564	815,951	862,230	960,939	1,053,650	1,082,407	259,496	237,555	1,018,140	989,086	849,987	797,235	760,321	805,832	887,301	886,738	782,888	804,194	633,307	260,164	677,527	491,185	0	0	0	73
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
Total Assets	57,108,894	6,230,458	6,237,044	6,193,788	6,199,003	6,125,305	6,118,523	6,169,753	6,045,204	6,182,358	6,209,606	6,951,809	7,073,352	7,025,536	6,976,190	6,959,621	7,154,298	7,037,750	7,950,091	8,778,891	8,661,294	8,850,446	8,791,985	8,761,744	8,750,014	8,807,156	8,743,671	8,747,026	9,008,859	8,977,337	7,361,393	7,336,235	7,240,762	7,289,143	7,233,133	7,316,631	7,253,998	7,312,681	7,172,138	7,238,592	6,701,963	6,664,459	6,506,327	6,549,952	6,600,233	6,656,665	6,638,108	6,687,469	6,543,737	4,173,407	4,161,678	1,008,537	3,842,020	3,633,821	3,551,812	3,586,813	3,468,068	3,387,489	3,108,423	3,001,510	2,903,986	3,925,754	4,074,281	4,264,626	1,260,910	31,194	0	0	49,829
Total Current Assets	4,891,814	2,472,937	2,396,776	2,179,741	2,125,381	2,041,070	1,957,342	1,933,003	1,926,897	1,954,448	1,939,083	2,697,403	2,908,086	2,890,028	2,827,522	2,767,192	2,836,214	2,934,086	2,875,608	3,677,641	3,580,849	3,812,191	3,803,105	3,682,276	3,715,551	3,685,952	3,708,506	3,751,416	3,723,287	3,717,489	2,145,858	2,149,344	2,133,659	2,257,653	2,179,477	2,370,140	2,328,091	2,471,965	2,383,046	2,449,236	2,356,126	2,375,105	2,283,335	2,220,033	2,214,649	2,267,260	2,277,567	2,411,271	2,307,737	775,959	785,159	54,990	1,535,467	1,484,751	1,395,737	1,412,764	1,363,858	1,335,995	1,304,936	1,353,384	1,228,713	1,583,626	1,501,225	1,987,236	610,754	23,592	0	0	44,592
Total Current Liabilities	8,018,589	396,679	398,181	378,173	422,831	406,216	434,363	423,674	460,123	487,297	547,104	1,331,783	1,425,171	1,374,727	1,361,909	446,217	496,019	461,741	471,662	1,346,005	1,345,137	1,412,944	1,374,906	409,777	413,890	428,031	407,170	423,745	531,438	548,235	499,430	2,409,456	526,831	542,865	506,224	555,270	517,733	616,720	523,175	634,482	558,445	578,462	509,349	520,493	587,325	588,754	600,330	657,130	583,722	416,172	362,533	110,931	358,817	376,348	349,982	383,393	364,010	430,139	352,848	375,436	369,332	549,005	354,632	549,511	50,397	10,327	0	0	12,760
Total Liab	36,720,602	2,564,670	2,565,918	2,550,526	2,599,948	2,589,753	2,618,967	2,611,840	2,631,124	2,653,913	2,624,701	3,393,944	3,466,102	3,412,400	3,391,922	3,354,046	3,408,745	3,353,835	3,707,140	4,599,355	4,505,820	4,591,716	4,547,733	4,556,229	4,572,629	4,911,337	4,886,947	4,901,316	5,002,054	4,998,662	3,442,042	3,474,567	3,459,120	3,585,576	3,529,877	3,664,818	3,630,360	3,714,268	3,613,475	3,724,453	3,475,732	3,472,668	3,331,236	3,373,892	3,450,006	3,497,370	3,498,193	3,580,415	3,492,111	3,088,970	3,058,554	538,108	828,830	835,969	797,706	819,165	803,218	727,978	690,098	706,662	678,213	944,597	823,690	1,018,622	53,392	17,028	0	0	14,040
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	3,978,675	3,919,351	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,880,177	3,573,398	3,574,121	3,546,079	3,502,619	3,439,333	3,398,229	3,446,199	3,353,827	3,462,906	3,510,606	3,494,106	3,542,334	3,554,562	3,525,843	3,547,346	3,669,805	3,674,721	4,230,885	4,168,102	4,140,199	4,244,005	4,229,387	4,190,527	4,162,563	3,881,983	3,843,420	3,832,588	3,920,065	3,892,677	3,833,962	3,776,216	3,695,478	3,616,431	3,615,323	3,563,143	3,533,168	3,505,283	3,463,597	3,417,897	3,217,370	3,183,365	3,166,629	3,167,128	3,140,890	3,150,252	3,131,064	3,097,605	3,042,516	1,075,040	1,092,289	470,429	3,013,190	2,797,852	2,754,106	2,767,648	2,664,850	2,659,511	2,419,067	2,294,848	2,225,773	2,981,157	3,250,591	3,246,004	1,207,518	14,166	0	0	35,789
Treasury Stock	0	0	0	0	0	0	0	-471,582	-436,521	-406,295	-343,869	-285,681	-174,912	-137,347	-137,347	-137,347	-131,454	-131,454	-131,454	-131,454	-131,454	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-98,162	-97,557	-97,557	-97,055	-75,547	-68,045	-68,045	-14,785	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

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
Begin Period Cash Flow	704,541	536,874	896,812	1,521,889	929,495	2,432,249	2,571,143	924,240	549,053	634,119	731,614	614,035	141,515	23,330	24,467	41,082	29,621	4,827
Capital Expenditures	3,100,921	348,996	471,973	447,453	482,341	586,780	610,231	721,506	729,275	680,026	433,621	611,482	377,172	196,736	213,921	229,870	144,309	2,053
Cash And Cash Equivalents Changes	0	171,315	-356,189	-623,687	592,394	-1,502,754	-139,687	1,646,903	375,187	-85,066	-97,495	117,579	472,221	118,484	0	0	0	0
Cash Flows Other Operating	0	430,423	605,982	507,739	606,002	592,884	505,573	11,722	8,115	1,625	-36,468	-31,855	39,910	-45,214	0	0	0	0
Change In Cash	1,116,835	169,009	-359,938	-625,077	592,394	-1,502,754	-139,687	1,646,903	375,187	-85,066	-97,495	117,579	472,520	118,484	-1,137	-16,615	11,461	19,555
Change In Working Capital	150,850	-78,684	6,929	8,181	88,142	25,277	98,335	-9,713	-29,820	68,942	-67,773	-46,955	53,964	-21,671	-24,959	-67,980	-24,738	-1,206
Change Receivables	0	-50,959	-2,334	2,237	8,289	11,346	235,648	-28,398	-62,239	86,028	-35,210	-55,378	9,847	75,206	0	0	0	0
Change To Account Receivables	20,622	-50,959	-2,334	2,237	8,289	11,346	235,648	-28,398	-62,239	86,028	-35,210	-55,378	-994	73,167	-25,709	-305,490	-7,119	0
Change To Inventory	-37,981	16,200	2,334	-2,237	-8,289	5,650	-19,291	-4,814	-4,906	2,608	16,529	-16,109	21,488	22,581	-6,521	-20,370	-21,316	-3,777
Change To Liabilities	0	5,176	21,175	30,483	79,501	29,612	-65,695	11,777	30,913	-22,269	-9,629	57,977	-13,052	-54,359	0	0	0	0
Change To Netincome	0	-22,366	58,712	41,509	30,870	125,740	-322,832	137,296	127,039	67,914	4,773	-117,825	-1,343	-27,468	0	0	0	0
Change To Operating Activities	0	-16,946	-11,912	14,774	40,328	25,690	171,011	67,720	9,592	32,419	0	0	0	0	0	0	0	0
Depreciation	1,597,923	457,621	491,329	525,011	588,200	598,178	533,849	495,068	528,158	556,676	507,111	457,326	385,894	228,911	244,129	264,197	9,705	366
Dividends Paid	0	2,000	9,879	10,964	2,716	10,000	19,000	15,000	0	0	0	0	0	4,014	2,021	0	0	0
End Period Cash Flow	1,821,376	705,883	536,874	896,812	1,521,889	929,495	2,431,456	2,571,143	924,240	549,053	634,119	731,614	614,035	141,814	23,330	24,467	41,082	24,382
Exchange Rate Changes	0	0	0	0	-575	-2,233	1,351	138	-5,696	-2,511	3,961	3,187	-299	0	0	0	0	0
Free Cash Flow	-668,274	180,609	160,253	86,935	173,981	147,742	116,661	81,837	47,176	160,105	16,886	-106,333	69,846	207,279	-17,645	-116,699	-232,418	-23,155
Investments	-2,808,732	-275,185	630,903	-695,002	1,397,986	-1,589,224	-259,885	78,283	455,949	-170,392	-175,835	282,486	569,641	-100,275	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
Net Borrowings	0	-2,988	-902,488	-2,365	-955,717	-116,542	-38,084	1,452,539	-158,104	-63,122	-64,758	-58,610	1,881,974	57,397	0	0	0	0
Net Income	-1,702,057	166,548	62,721	-51,904	-74,252	-38,633	393,489	180,692	149,371	147,549	3,401	211,013	4,274	204,358	364,704	-944,001	-85,300	-20,932
Other Cashflows From Financing Activities	87,163	8,318	16,579	28,649	67,675	-5,871	-5,901	-12,227	-882	20,500	15,304	648	1,945,030	4,014	2,021	544,065	600,337	38,528
Other Cashflows From Investing Activities	0	-30,997	-33,543	-38,655	-157,444	45,885	-24,906	11,791	78,010	-37,172	-2,581	-116,262	-2,080,514	58,453	0	36,013	3,470	2,001
Other Non Cash Items	2,671,639	-48,856	25,884	26,066	12,337	113,383	-20,307	23,914	50,771	20,539	25,195	-129,745	-4,204	-124,698	-446,313	999,361	6,705	670
Sale Purchase Of Stock	-109,432	-89,303	-261,436	-43,458	69,803	-33,292	-651	1,515,848	38,729	29,131	83,910	15,398	28,718	-605	-29,512	-68,045	0	0
Stock Based Compensation	51,514	11,546	7,699	8,887	9,353	9,990	10,103	15,234	21,839	14,683	18,353	14,585	16,064	13,546	13,371	23,605	5,159	0
Total Cash From Financing Activities	-277,121	-83,105	-1,147,345	-15,620	-885,311	-136,563	72	1,475,689	-120,257	-35,096	18,326	-43,976	1,913,547	-46,973	-83,135	435,079	600,337	38,981
Total Cash From Operating Activities	2,432,647	529,605	632,226	534,388	656,322	734,522	726,892	803,343	776,451	840,131	450,507	505,149	447,018	404,015	196,276	113,171	-88,109	-21,102
Total Cashflows From Investing Activities	0	-275,185	158,930	-1,142,455	821,958	-2,098,480	-868,002	-632,267	-275,311	-887,590	-570,289	-346,781	-1,888,045	-238,558	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	2006-06-30
Begin Period Cash Flow	1,094,531	703,428	921,389	705,883	907,410	994,002	891,349	536,874	434,330	717,483	1,584,582	896,812	564,245	1,957,536	1,607,303	1,521,889	1,563,498	1,307,126	1,350,706	929,495	1,598,074	1,793,841	2,240,378	2,432,249	2,798,359	2,985,062	2,799,545	2,571,143	2,215,708	761,840	898,816	924,240	779,105	502,010	591,506	549,053	760,391	708,257	702,007	634,119	821,356	700,134	737,410	731,614	694,464	633,385	629,094	614,035	640,806	193,264	519	106	116,704	122,318	163,615	23,330	47,456	63,457	147,517	24,467	329,794	802,149	665,059	41,082	7,763	27,905	32,077	29,621	29,784	-
Capital Expenditures	2,894,059	54,913	57,307	51,033	82,696	66,416	82,653	117,231	94,336	98,336	92,220	187,081	124,588	106,724	102,899	113,242	146,116	101,456	115,207	119,562	146,959	176,723	204,968	58,130	162,123	200,459	134,354	113,295	193,933	162,505	147,973	217,095	228,790	140,147	179,108	181,230	245,598	164,711	156,092	113,625	168,778	106,571	85,652	72,620	157,620	176,139	163,716	114,007	115,976	118,116	51,978	14,899	39,705	53,333	71,206	32,492	89,011	19,164	71,057	34,689	82,602	54,337	31,154	61,777	142,701	83,375	32,264	52,719	20	0
Cash And Cash Equivalents Changes	0	0	-219,785	213,847	-202,344	-84,197	106,861	350,995	103,179	-280,482	-868,464	689,578	325,609	-1,404,175	364,656	90,223	-42,020	256,783	-43,580	421,211	-668,579	-195,767	-446,537	-191,871	-366,903	-186,703	185,517	228,402	355,435	1,453,868	-136,976	-25,424	145,135	277,095	-89,496	42,453	-211,338	52,134	6,250	67,888	-187,237	121,222	-37,276	5,796	37,150	61,079	4,291	15,059	-26,771	310,643	208,567	-20,218	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash Flows Other Operating	0	0	49,089	82,523	142,351	85,314	96,864	105,894	149,242	188,785	135,477	132,478	146,865	115,761	139,923	105,190	127,924	153,633	159,704	164,741	159,596	153,738	157,517	122,033	64	179,363	223,557	102,589	50,638	32,141	-56,261	-14,796	4,932	14,318	-44,276	33,141	-98,876	86,629	-26,818	40,690	-44,574	57,284	10,823	-60,001	-1,768	44,206	-42,940	-31,353	56,696	-1,656	-38,366	23,236	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Change In Cash	726,845	392,438	-217,961	215,506	-201,527	-86,592	102,653	354,475	102,544	-283,153	-867,099	687,770	332,567	-1,393,291	350,233	85,414	-41,609	256,372	-43,580	421,211	-668,579	-195,767	-446,537	-191,871	-366,903	-186,703	185,517	228,402	355,435	1,453,868	-136,976	-25,424	145,135	277,095	-89,496	42,453	-211,338	52,134	6,250	67,888	-187,237	121,222	-37,276	5,796	37,150	61,079	4,291	15,059	-26,771	948	192,745	413	25,110	-5,614	-41,297	140,285	-24,126	-16,001	-84,060	123,050	-305,327	-472,355	137,090	623,977	33,319	-20,142	-4,172	2,456	-5,402	-
Change In Working Capital	238,577	-6,118	-4,628	-76,981	74,819	-68,658	-40,122	-44,723	61,386	-59,101	51,990	-47,346	37,210	-21,974	39,655	-46,710	50,993	-14,862	59,236	-7,225	21,146	5,569	25,857	-27,295	-22,868	45,661	95,402	-19,860	29,203	32,141	-56,261	-14,796	-33,003	14,318	-44,276	33,141	-31,559	86,629	-26,818	40,690	-75,879	57,284	10,823	-60,001	-6,928	42,648	-48,492	-34,183	70,487	83,176	-40,476	9,761	34,730	-15,111	-5,644	-35,646	-45,869	9,701	17,705	-6,496	75,709	-1,021	-58,197	-84,471	-28,979	-18,567	31,832	11,821	-3,839	-
Change Receivables	0	0	15,016	-14,041	12,604	-24,292	-30,791	-8,480	18,560	-17,531	2,727	-6,090	11,394	-3,895	2,402	-7,664	42,507	-34,642	24,965	-24,541	14,834	-17,689	14,201	0	235,648	0	0	0	-28,398	0	0	0	-62,239	0	0	0	86,028	0	0	0	-35,210	0	0	0	-55,378	0	0	0	9,847	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Change To Account Receivables	17,682	1,965	15,016	-14,041	-11,688	-24,292	-39,271	-8,480	3,756	-17,531	2,727	-6,090	2,246	-9	2,402	-7,664	42,507	-34,642	24,965	-24,541	14,834	-17,689	14,201	14,201	421	235,648	235,648	235,648	-26,942	0	0	0	-36,749	0	0	0	-18,023	0	0	0	0	0	0	0	1,357	0	0	0	-9,139	0	0	0	40,623	0	0	0	-52,797	0	0	0	-7,861	0	0	0	-7,119	0	0	0	0	-
Change To Inventory	229,129	-1,965	-15,016	0	0	24,292	0	8,480	-3,756	0	0	-29,183	30,921	0	0	-21,049	8,661	-10,775	3,150	-1,036	-5,017	10,429	238	238	-19,291	-19,291	-19,291	-19,291	-4,814	0	0	0	-4,906	0	0	0	2,608	0	0	0	16,529	0	0	0	-16,109	0	0	0	21,488	0	0	0	22,581	0	0	0	-6,521	0	0	0	-20,370	0	0	0	-20,527	0	0	0	-2,189	-
Change To Liabilities	0	0	28,699	-42,054	31,523	-18,021	11,661	-19,987	6,495	-109,833	24,057	-45,822	19,152	-4,018	29,830	-14,481	-2,940	31,842	33,786	16,813	10,968	11,891	6,753	0	-65,695	0	0	-65,695	11,777	11,777	11,777	11,777	30,913	0	0	0	-22,269	0	0	0	-9,629	0	0	0	57,977	0	0	0	-13,052	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	42,438	-8,027	-47,970	28,937	58,877	-62,210	96,672	27,400	-17,404	-42,369	-6,940	-12,091	15,603	44,937	9,174	32,324	-13,579	2,951	119,864	13,497	-40,098	32,477	-329,584	-5,507	10,845	1,414	36,305	25,891	42,632	32,468	7,815	49,611	41,975	27,638	22,229	3,100	27,059	15,526	-328	11,406	13,707	-20,012	25,439	-11,746	-1,490	-130,028	2,527	16,419	-16,052	-4,237	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Change To Operating Activities	0	0	4,645	-56,696	59,892	-35,958	-733	-40,147	36,331	-42,630	25,206	-30,819	5,384	-11,747	47,412	-26,275	-22,504	-22,504	41,890	8,393	4,016	12,639	12,414	-27,295	-40,334	45,661	95,402	-17,552	67,720	36,470	-49,653	-10,897	9,592	0	0	0	32,419	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Depreciation	1,286,449	103,028	105,588	102,858	110,397	110,233	116,555	120,436	122,465	120,596	118,982	129,286	132,934	129,822	129,887	132,368	129,146	149,423	155,410	154,221	153,620	150,555	148,449	145,554	142,251	134,822	130,034	126,742	124,196	123,633	120,505	126,734	129,611	132,892	132,470	133,185	140,509	142,294	140,647	133,226	127,526	124,742	128,144	126,699	117,854	110,778	114,604	114,090	129,701	101,048	39,460	23,468	56,045	58,191	57,026	57,649	63,716	58,989	59,475	61,949	70,430	69,782	63,015	60,970	8,586	-1,790	1,414	1,495	185	-
Dividends Paid	0	0	0	0	2,133	0	2,000	0	0	0	0	0	1,916	0	0	0	2,716	0	0	7,313	10,000	0	0	0	19,000	0	0	7,500	15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,409	0	0	0	2,021	0	0	0	0	0	0	0	0	0	0	0	0	-
End Period Cash Flow	1,821,376	1,095,866	703,428	921,389	705,883	907,410	994,002	891,349	536,874	434,330	717,483	1,584,582	896,812	564,245	1,957,536	1,607,303	1,521,889	1,563,498	1,307,126	1,350,706	929,495	1,598,074	1,793,841	2,240,378	2,431,456	2,798,359	2,985,062	2,799,545	2,571,143	2,215,708	761,840	898,816	924,240	779,105	502,010	591,506	549,053	760,391	708,257	702,007	634,119	821,356	700,134	737,410	731,614	694,464	633,385	629,094	614,035	194,212	193,264	519	141,814	116,704	122,318	163,615	23,330	47,456	63,457	147,517	24,467	329,794	802,149	665,059	41,082	7,763	27,905	32,077	24,382	29,784
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-696	0	254	-133	1,216	-1,508	-1,699	-242	337	47	252	715	-546	-44	192	536	3,489	-5,887	2,376	-5,674	-790	-3,177	330	1,126	628	4,128	-851	56	2,750	-834	517	754	648	126	-9	-1,064	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Free Cash Flow	-762,435	55,152	87,226	-4,608	103,592	25,269	64,626	-12,878	110,028	20,886	99,533	-70,194	44,398	13,398	71,086	-41,947	-22,854	50,830	89,621	56,384	43,651	13,650	13,296	77,145	-27,167	8,598	107,170	28,060	34,701	56,570	14,812	-24,246	-60,262	85,032	-17,926	40,332	-67,901	125,749	14,410	87,847	-109,615	91,498	57,439	-22,436	-2,812	-10,632	-58,092	-34,797	78,619	37,264	-65,833	36,272	168,477	24,546	17,872	-3,616	-34,274	4,818	10,523	1,288	-2,852	-16,781	-27,645	-69,421	-209,565	-74,925	-56,897	-57,781	-9,573	-
Investments	-2,897,589	285,436	-307,430	219,191	-390,193	-98,871	83,837	404,234	23,119	-237,809	-78,468	924,061	313,379	-1,425,046	285,477	131,188	70,392	210,377	730,108	387,109	-598,917	-199,015	-527,277	-264,015	-334,402	-188,675	86,020	177,172	319,342	-98,840	-144,216	1,997	196,602	190,094	50,535	18,718	-141,608	-23,386	8,196	-13,594	-103,445	5,179	-102,281	24,712	52,999	91,408	68,601	69,478	-95,703	343,132	397,277	-75,065	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	-
Net Borrowings	0	0	-626	-1,834	-566	-514	-464	-1,444	-92	-369	-839,377	-63,692	-1,097	-247	-220	-801	-390	-9,446	-926,380	-19,501	-84,177	-10,676	-12,321	-9,368	-11,276	-9,090	-8,982	-8,736	-10,571	1,489,818	-9,891	-10,542	-9,501	-9,068	-123,027	-16,508	-10,359	-16,404	-17,831	-18,528	-8,345	-17,706	-17,257	-21,450	-9,044	-15,154	-16,706	-17,706	-16,711	-45,470	1,934,812	9,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	-1,745,499	532	9,085	27,820	47,580	19,550	10,473	88,945	-80,083	30,217	35,015	77,572	-2,597	23,273	-14,843	-57,737	-63,094	-21,106	-5,060	15,008	-111,648	16,502	77,684	-21,171	313,814	35,201	7,122	37,352	38,930	37,410	55,909	48,443	62,402	28,358	31,013	27,598	47,468	58,437	29,614	12,030	4,849	4,637	-9,583	3,498	26,793	22,269	35,450	126,501	-12,612	-12,051	-7,393	11,483	168,938	5,151	-41,477	71,746	-30,405	294,682	101,072	-645	-689,596	-307,930	47,824	5,701	-54,202	2,195	-14,789	-18,504	-5,883	4,616
Other Cashflows From Financing Activities	90,307	-684	-626	-1,834	-97,042	-514	4,215	923	2,177	2,104	5,808	6,490	7,519	7,658	8,299	7,090	7,632	3,652	60,612	-6,970	6,776	1,444	668	1,973	-23,264	1,892	6,561	-1,475	-2,579	1,497,324	3,152	-302	-22,300	117,428	-107,570	3,521	2,048	-7,148	8,778	11,234	25,837	14,177	26,311	292	-8,829	2,397	5,724	59	-26,892	-1,241	2,132,311	-35,888	1,115	736	1,034	123,730	545	516	-7,033	101,261	-10,201	-134,469	-13,585	640,318	594,399	-147,285	76,161	77,062	3,747	-
Other Cashflows From Investing Activities	0	0	8,080	8,038	-6,179	-4,959	-6,874	-12,985	-7,909	-8,799	-8,989	-7,846	-10,831	-8,587	-10,599	-8,638	-136,080	-6,035	-7,729	-7,600	-6,080	-10,559	-7,852	70,376	1,351	-8,217	-11,791	-6,249	-3,118	3,348	-7,365	18,926	-7,044	101,641	-7,184	-9,403	-254	-23,500	-7,633	-5,785	-30,578	23,946	-637	4,688	-27,988	-88,583	4,564	-4,255	4,322	-1,487	-2,083,400	51	103,444	104,338	103,307	102,713	0	0	0	1,355	36,013	40,042	41,228	0	3,470	0	0	0	2,001	-
Other Non Cash Items	2,654,132	9,543	30,354	-16,385	-42,182	22,717	58,312	-87,703	107,096	13,496	-31,702	-63,006	-14,234	-20,303	9,549	51,054	-5,609	20,609	-7,522	4,859	121,303	2,960	-53,338	42,458	-4,674	-17,139	5,684	-4,178	6,298	3,935	11,281	2,400	11,172	16,529	17,478	5,592	4,275	-8,631	12,948	11,947	1,259	13,428	26,315	-15,807	14,787	-18,655	3,473	-129,350	28,751	-11,214	-6,985	-296	-138,653	14,569	27,605	-60,295	232	-234,718	-109,364	-13,934	709,979	45,177	4,508	15,253	2,218	26,612	717	-34	-16	-
Sale Purchase Of Stock	-109,432	0	1,045	1,098	98,609	-12,208	-43,788	-33,307	-32,053	-65,561	-55,960	-107,862	-37,565	7,581	8,662	-5,893	5,249	5,290	61,781	2,749	-33,292	2,902	2,833	2,636	9,409	3,562	7,798	-651	-309	5,652	4,170	6,335	18,836	5,789	6,065	8,039	8,453	6,264	8,826	5,588	24,535	13,654	25,787	19,934	5,376	3,030	5,695	1,297	1,600	3,131	9,834	14,153	-605	0	0	-502	-502	-21,508	0	-53,260	-53,260	0	0	0	0	0	0	0	0	-
Stock Based Compensation	43,275	2,864	2,783	2,592	3,145	3,354	3,187	1,860	1,786	2,088	1,814	2,011	2,000	2,378	2,125	2,384	2,233	2,287	2,205	2,628	2,219	2,661	2,345	2,765	2,934	3,261	2,952	956	3,281	3,625	3,944	4,384	5,635	5,916	6,113	4,175	4,035	3,470	3,621	3,557	4,365	3,936	5,068	4,984	224	3,747	3,696	6,918	4,506	180	54	50	13,546	-163	27,997	4,242	13,371	-101,201	9,218	3,454	23,605	265,554	-46,580	5,470	5,159	0	-43,653	0	0	-
Total Cash From Financing Activities	-275,603	-1,201	419	-736	1,561	-10,595	-41,602	-32,469	-29,968	-63,559	-889,529	-164,289	-32,168	7,473	8,093	982	4,704	-4,303	-863,563	-22,149	-115,520	-7,903	-8,381	-4,759	-8,595	-6,784	-2,421	17,872	-205	1,487,142	-6,739	-4,509	6,928	-4,940	-117,297	-4,948	-785	-23,552	-9,053	-1,706	14,025	-3,529	9,054	-1,224	-3,799	-12,757	-11,299	-16,121	-14,657	-18,583	2,120,507	-34,249	-6,541	-4,480	-23,631	-12,321	-13,507	-36,494	-18,946	-14,188	-62,969	-133,860	-9,171	641,079	594,399	-147,285	76,161	77,062	400	-
Total Cash From Operating Activities	2,131,624	110,065	144,533	46,425	186,288	91,685	147,279	104,353	204,364	119,222	191,753	116,887	168,986	120,122	173,985	71,295	123,262	152,286	204,828	175,946	190,610	190,373	218,264	135,275	134,956	209,057	241,524	141,355	228,634	219,075	162,785	192,849	168,528	225,179	161,182	221,562	177,697	290,460	170,502	201,472	59,163	198,069	143,091	50,184	154,808	165,507	105,624	79,210	194,595	155,380	-13,855	51,171	208,182	77,879	89,078	28,876	54,737	23,982	81,580	35,977	79,750	37,556	3,509	-7,644	-66,864	8,450	-24,633	-5,062	-9,553	-
Total Cashflows From Investing Activities	0	0	-364,737	168,158	-390,193	-165,287	1,184	279,111	-71,217	-336,145	-170,688	736,980	188,791	-1,531,770	182,578	17,946	-169,411	108,921	614,901	267,547	-744,885	-376,729	-654,721	-322,145	-493,601	-389,023	-53,838	68,460	127,552	-252,305	-293,214	-214,300	-33,810	62,743	-135,757	-168,487	-387,460	-211,597	-155,529	-133,004	-261,053	-77,446	-188,570	-43,220	-116,609	-90,837	-90,551	-48,784	-207,357	203,310	-1,769,844	-114,154	-238,558	-62,027	16,986	123,730	0	0	0	101,261	0	0	133,294	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
Cost Of Revenue	13,433,254	862,073	783,654	744,378	787,355	780,905	758,497	1,735,606	1,804,720	2,127,916	2,206,898	2,089,434	1,907,493	1,789,485	1,470,295	1,715,458	1,451,704	20,191
Depreciation And Amortization	1,597,923	506,739	496,771	559,606	588,200	598,178	533,849	495,068	528,158	556,676	507,111	457,326	385,894	228,911	244,129	264,197	9,705	366
Discontinued Operations	0	0	0	0	39,401	93,729	8,509	44,320	61,279	61,279	0	0	0	0	0	0	0	0
Ebit	483,190	189,644	217,010	112,473	140,529	318,035	275,243	400,707	368,751	349,641	158,592	202,920	108,368	156,797	31,333	55,265	-79,900	-21,734
Ebitda	2,081,113	696,383	713,781	672,079	728,729	916,213	809,092	895,775	896,909	906,317	665,703	660,246	494,262	385,708	275,462	319,462	-70,195	-21,368
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	39,401	93,729	312,009	44,320	61,279	0	0	0	0	0	0	0	0	0
Gross Profit	3,582,344	1,136,020	1,202,066	1,143,529	1,098,726	1,310,458	1,127,011	1,321,124	1,338,994	1,317,662	1,075,554	1,032,270	853,938	560,884	433,264	435,062	92,361	8,864
Income Before Tax	-1,931,684	233,223	128,347	-27,835	-93,165	-7,960	100,694	286,844	221,572	178,333	-34,036	194,684	25,775	288,773	425,359	-1,040,681	-83,195	-20,858
Income Tax Expense	-296,860	66,675	65,626	24,069	20,488	30,673	-284,286	106,152	72,201	30,784	-37,437	-16,329	21,501	84,415	60,655	-96,680	2,105	74
Interest Expense	90,357	57,170	95,512	147,927	251,016	248,568	217,240	123,630	122,066	171,349	192,554	153,029	82,593	14,560	32,315	31,909	0	0
Interest Income	207,374	50,900	22,801	39,982	82,352	80,275	44,619	21,249	120,527	0	0	0	0	0	0	0	0	0
Minority Interest	-67,233	10,503	-10,154	-11,754	-11,335	1,842	14,822	86,740	86,164	90,470	876	-35	635	0	0	0	0	0
Net Income	-1,702,057	177,051	72,875	-51,904	-113,653	-40,475	392,561	179,930	153,357	152,874	2,525	211,048	3,639	204,358	364,704	-944,001	-85,300	-20,932
Net Income Applicable To Common Shares	0	177,051	72,875	-40,150	-62,917	-40,475	393,770	181,673	163,700	165,268	2,525	211,048	3,639	204,358	364,704	0	0	0
Net Income From Continuing Ops	-1,634,824	166,548	62,721	-51,904	-113,653	-38,633	384,980	180,692	149,371	147,549	3,401	211,013	4,274	345,519	0	0	0	0
Net Interest Income	117,017	-6,270	-72,711	-107,945	-168,664	-168,293	-172,621	-102,381	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	100,749	62,115	7,619	84,774	57,365	68,174	46,076	-12,395	21,592	54,931	247,827	27,530	302,169	0	0	0	0
Non Recurring	0	711	245	1,685	0	65,220	10,762	10,762	2,400	2,400	38,415	32,765	32,964	0	0	0	0	0
Operating Income	483,190	189,644	217,010	112,473	140,529	183,243	196,307	364,398	356,033	328,090	103,587	99,886	80,838	142,325	4,892	-640,594	-86,379	-21,779
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	16,532,408	1,807,738	1,768,465	1,773,749	1,813,004	1,842,900	1,678,439	2,692,332	2,785,281	3,117,488	3,140,450	2,989,053	2,647,629	2,208,044	1,898,667	2,178,369	1,630,444	50,834
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,597,923	457,621	491,329	525,011	588,200	598,178	533,849	0	0	0	0	0	0	0	0	0	0	0
Research Development	110,000	32,810	31,777	29,448	25,739	27,570	31,745	76,024	78,287	60,886	67,942	69,649	50,966	46,093	44,009	40,275	78,790	6,515
Selling And Marketing Expenses	0	69,000	82,400	65,100	88,200	0	0	0	0	0	0	0	0	0	0	0	6,731	18,555
Selling General Administrative	2,989,154	386,234	379,305	409,812	420,945	436,247	366,007	385,634	374,116	372,010	358,499	372,644	303,276	143,555	140,234	158,439	83,514	5,573
Tax Provision	-296,860	66,675	65,626	24,069	20,488	30,673	-284,286	106,152	51,235	0	0	0	0	0	0	0	0	0
Total Operating Expenses	3,099,154	945,665	984,811	1,029,371	1,025,649	1,061,995	919,942	956,726	980,561	989,572	933,552	899,619	740,136	418,559	428,372	462,911	178,740	30,643
Total Other Income Expense Net	-2,414,874	43,579	-88,663	-140,308	-233,694	-88,130	66,246	24,827	-25,224	12,490	1,860	203,886	-16,255	146,536	426,341	-1,064,037	-6,479	-45
Total Revenue	17,015,598	1,998,093	1,985,720	1,887,907	1,886,081	2,091,363	1,885,508	3,056,730	3,143,714	3,445,578	3,282,452	3,121,704	2,761,431	2,350,369	1,903,559	2,150,520	1,544,065	29,055

	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
Cost Of Revenue	12,679,345	43,180	188,886	187,034	218,023	219,518	214,289	210,243	211,157	200,507	194,050	177,940	196,001	183,656	173,561	191,160	214,742	195,030	199,747	198,578	201,738	198,329	193,022	187,816	200,195	190,692	191,889	175,721	406,611	414,607	430,363	484,025	452,194	427,675	456,388	468,463	503,051	552,457	541,645	530,763	537,449	581,933	554,367	533,149	529,803	517,576	537,059	504,996	552,803	174,109	62,639	17,070	381,131	464,293	464,420	479,641	435,114	375,476	279,904	379,801	405,695	499,640	375,182	434,941	1,436,296	378,753	310,310	431,033	9,761	393,049	388,216	371,610
Depreciation And Amortization	1,286,449	133,335	105,588	102,858	110,397	122,671	127,710	124,988	122,465	120,596	118,982	129,286	132,934	129,822	129,887	132,368	129,146	149,423	155,410	154,221	153,620	150,555	148,449	145,554	142,251	134,822	130,034	126,742	124,196	123,633	120,505	126,734	129,611	132,892	132,470	133,185	140,509	142,294	140,647	133,226	127,526	124,742	128,144	126,699	117,854	110,778	114,604	114,090	129,701	101,048	39,460	23,468	56,045	58,191	57,026	57,649	63,716	58,989	59,475	61,949	70,430	69,782	63,015	60,970	8,586	-1,790	1,414	1,495	185	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	39,401	2,055	2,055	2,055	2,055	0	0	0	2,055	-654	531	6,577	16,802	40,576	-13,058	0	61,279	0	0	0	61,279	0	0	0	0	0	0	0	0	0	0	0	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	275,348	-3,571	76,725	59,504	72,609	47,034	45,906	45,068	39,444	69,171	53,752	60,085	37,241	42,511	38,796	28,520	56,777	23,425	43,169	76,652	66,840	86,731	91,624	72,840	67,115	77,493	63,213	67,422	111,565	94,050	98,238	96,854	103,353	90,960	93,140	81,298	88,972	106,260	93,206	61,203	46,292	44,907	39,904	27,489	94,833	26,577	49,221	32,289	38,482	13,000	32,568	21,205	36,901	64,276	35,156	42,612	16,032	5,921	2,439	6,941	-247,897	320,648	-47,232	29,745	-49,020	-3,517	-12,920	-17,808	-6,095	0	0	0
Ebitda	1,561,797	129,764	182,313	162,362	183,006	169,705	173,616	170,056	161,909	189,767	172,734	189,371	170,175	172,333	168,683	160,888	185,923	172,848	198,579	230,873	220,460	237,286	240,073	218,394	209,366	212,315	193,247	194,164	235,761	217,683	218,743	223,588	232,964	223,852	225,610	214,483	229,481	248,554	233,853	194,429	173,818	169,649	168,048	154,188	212,687	137,355	163,825	146,379	168,183	114,048	72,028	44,673	92,946	122,467	92,182	100,261	79,748	64,910	61,914	68,890	-177,467	390,430	15,783	90,715	-40,434	-5,307	-11,506	-16,313	-5,910	-	-	-
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,022	2,055	44,368	19,247	16,886	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,030,473	369,894	264,223	252,563	281,833	277,869	285,027	291,291	287,487	304,153	305,784	304,642	293,272	289,846	285,905	274,506	284,264	277,232	337,377	332,504	328,923	334,624	332,935	313,976	305,853	290,541	273,187	257,430	333,782	327,742	327,266	332,334	338,393	333,204	337,207	330,190	340,836	343,383	338,183	295,260	270,638	266,975	275,636	262,305	256,396	247,145	268,945	259,784	281,406	182,243	88,878	50,834	132,069	142,747	138,629	147,439	122,818	107,456	103,244	99,746	90,741	116,533	108,158	119,630	86,536	25,663	20,279	16,730	6,014	0	0	0
Income Before Tax	-2,007,901	9,079	27,858	39,280	62,888	32,745	15,863	121,727	-77,504	49,965	56,167	99,719	15,163	26,223	-3,992	-65,229	-48,191	-18,145	-4,138	23,188	-106,210	29,338	95,486	-26,574	18,400	41,937	9,594	30,763	70,018	56,922	83,798	76,106	68,762	56,935	49,876	45,999	50,076	64,545	48,525	15,187	-5,371	-1,052	-25,465	-2,148	11,168	21,860	35,460	126,196	-22,341	-21,185	-6,644	18,171	185,774	33,460	-25,098	94,637	-11,631	333,174	98,536	5,280	-802,074	-302,889	53,620	10,663	-52,200	-5,489	-13,792	-18,029	-5,877	0	0	0
Income Tax Expense	-335,640	-8,547	18,773	11,460	15,308	13,195	5,390	32,782	2,579	19,748	21,152	22,147	17,760	2,950	10,851	-7,492	7,881	5,016	922	8,180	5,438	12,836	17,802	-5,403	-293,359	6,082	3,003	-12	31,088	19,512	27,889	27,663	6,360	28,577	18,863	18,401	2,608	6,108	18,911	3,157	-10,220	-5,689	-15,882	-5,646	-15,625	-409	10	-305	-9,729	-9,134	749	6,688	16,836	28,309	16,379	22,891	18,774	38,492	-2,536	5,925	-112,478	5,041	5,796	4,962	2,002	1,161	997	475	6	0	0	0
Interest Expense	51,181	12,650	13,240	13,286	14,045	13,845	14,307	14,973	15,664	16,313	28,868	34,667	35,469	37,967	38,258	36,233	94,203	49,865	60,163	59,882	62,197	62,086	61,534	62,751	60,742	55,646	55,456	45,396	43,135	37,358	19,927	23,210	25,930	28,870	31,958	35,308	38,930	41,688	44,687	46,044	47,069	47,713	48,672	49,100	43,771	33,840	36,797	38,621	37,212	33,791	13,680	3,433	3,833	11,074	10,206	11,595	10,836	6,964	7,229	7,286	31,909	7,839	8,278	8,283	518	248	270	267	1,059	0	0	0
Interest Income	129,043	26,209	23,526	28,596	21,223	14,183	9,072	6,422	5,887	5,725	5,240	5,949	6,275	7,364	10,760	15,583	17,535	17,175	23,213	29,347	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-73,238	2,712	-2,072	-1,221	1,767	-2,853	-3,395	-2,488	-3,735	-3,192	74,299	-947	-2,714	-2,167	-3,431	-3,442	-8,538	-2,797	12,066	11,434	1,842	14,725	14,865	14,988	577	532	182	13,122	742	609	123	85,452	86,164	0	0	0	90,470	0	0	0	343	317	176	40	569	-285	-232	-87	278	270	92	-5	0	0	0	0	-742	742	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-1,745,499	17,626	11,157	29,041	49,347	22,403	10,473	91,433	-76,348	33,409	37,295	78,519	117	25,440	-11,412	-54,295	-53,118	-18,309	-5,692	14,202	-112,198	16,052	77,222	-21,551	313,237	34,669	6,940	37,715	38,188	36,801	55,786	49,155	63,374	28,835	31,750	29,398	49,847	60,168	30,805	12,055	4,506	4,320	-9,759	3,458	26,224	22,554	35,682	126,588	-12,890	-12,321	-7,480	11,483	168,938	5,151	-41,477	71,746	-30,405	293,940	101,814	-645	-689,596	-307,930	47,824	5,701	-54,202	-6,650	-14,789	-18,504	-5,883	-4,616	4,616	0
Net Income Applicable To Common Shares	0	0	11,157	29,041	49,347	22,403	13,868	91,433	-76,348	33,409	37,295	78,519	117	25,440	-11,412	-54,295	-53,118	-18,309	-5,692	14,202	-112,198	16,052	77,222	-21,551	313,237	34,669	6,940	38,924	38,222	36,644	56,133	50,674	66,296	28,835	31,750	33,402	54,766	60,168	33,794	12,653	4,506	4,320	-9,759	3,458	26,224	22,554	35,682	126,588	-12,890	-19,117	18,482	17,164	168,938	5,151	-41,477	71,746	70,764	293,940	101,814	0	0	-47,824	47,824	5,701	0	0	0	0	0	-4,616	4,616	0
Net Income From Continuing Ops	-1,672,261	532	9,085	27,820	47,580	19,550	10,473	88,945	-80,083	30,217	35,015	77,572	-2,597	23,273	-14,843	-57,737	-100,440	-23,161	-5,060	15,008	-111,648	16,502	77,684	-21,171	311,759	35,855	6,591	30,775	38,967	37,410	55,909	48,192	62,402	28,358	31,013	27,598	47,468	58,437	29,614	12,030	4,849	4,637	-9,583	3,498	26,793	22,269	35,450	126,501	-12,612	-18,847	18,574	17,159	0	37,034	-21,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	77,862	13,559	10,286	15,310	7,178	338	-5,235	-8,551	-9,777	-10,588	-23,628	-28,718	-29,194	-30,603	-27,498	-20,650	-76,668	-32,690	-36,950	-35,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,275	24,319	25,297	-444	-15,736	91,632	-42,217	3,681	19,727	80,924	20,524	27,200	-506	-39,599	22,216	5,674	33,075	23,809	-61,109	21,389	82,255	14,830	14,001	21,079	17,323	15,771	7,317	12,069	13,839	12,851	-12,029	2,353	-2,821	102	5,483	13,956	742	1,411	9,039	5,757	17,119	23,016	54,276	31,820	26,324	135,407	12,968	5,812	-4,887	13,637	0	15,666	-25,978	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Recurring	0	0	0	3,142	0	0	711	0	0	0	15	230	1,685	0	0	0	0	0	0	0	65,220	0	0	0	10,762	64,572	-43,048	10,762	10,762	0	0	0	2,400	0	0	0	2,400	0	0	0	3,751	0	34,664	0	32,765	0	0	0	32,964	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	275,348	22,080	44,373	59,504	72,609	47,034	45,906	45,068	35,643	62,597	65,308	53,462	30,108	36,990	34,772	10,603	23,797	26,046	22,950	59,261	-19,567	70,035	74,765	58,010	42,352	56,414	45,890	51,651	106,066	81,981	89,886	86,465	91,873	88,607	94,348	81,205	83,523	92,277	92,470	59,820	32,659	40,904	6,088	23,936	663	23,880	45,933	29,410	1,903	11,462	32,313	21,175	31,643	38,603	31,313	40,766	14,126	-3,836	-3,050	-2,348	-653,947	2,081	-2,389	13,661	-55,499	-8,708	-13,488	-17,972	-6,140	-1,891	1,891	0
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
Other Operating Expenses	15,434,470	390,994	408,736	408,208	448,220	450,353	452,699	456,466	463,001	442,063	434,511	428,890	457,480	436,512	424,694	455,063	475,209	446,216	514,174	471,821	485,008	462,918	451,192	443,782	452,934	424,819	419,186	381,500	634,327	660,368	667,743	729,894	696,314	672,272	699,247	717,448	760,364	803,563	787,358	766,203	771,677	808,004	789,251	771,518	752,771	740,841	760,071	735,370	799,342	344,890	119,204	46,729	481,557	568,437	571,736	586,314	543,806	486,768	386,198	481,895	537,638	614,092	485,729	540,910	1,578,331	413,124	344,077	465,735	21,915	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Reconciled Depreciation	1,286,449	103,028	105,588	102,858	110,397	110,233	116,555	120,436	122,465	120,596	118,982	129,286	132,934	129,822	129,887	132,368	129,146	149,423	155,410	154,221	153,620	150,555	148,449	145,554	142,251	134,822	130,034	126,742	124,196	123,633	120,505	126,734	129,611	132,892	132,470	133,185	140,509	142,294	140,647	133,226	127,526	124,742	128,144	126,699	117,854	110,778	114,604	114,090	129,701	128,120	71,059	57,014	56,045	58,191	57,026	57,649	63,716	58,989	59,475	61,949	70,430	69,782	63,015	60,970	8,586	-1,790	1,414	1,495	185	-	-	-
Research Development	88,440	6,463	6,842	8,255	7,248	9,181	8,764	7,617	8,817	7,974	7,441	7,545	8,070	7,676	7,448	6,254	6,328	6,136	6,388	6,888	7,242	6,544	6,647	7,137	8,301	8,302	7,437	7,705	14,263	20,587	20,732	20,442	20,855	19,875	19,685	17,872	16,045	15,685	14,574	14,582	17,064	17,030	16,354	17,494	19,233	17,448	15,618	17,350	16,464	14,561	11,082	8,859	9,823	11,645	12,391	12,234	12,562	10,633	11,222	10,970	2,483	10,227	13,899	13,666	65,712	15,653	14,923	14,121	2,503	0	0	0
Selling And Marketing Expenses	0	0	0	0	69,000	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	38,726	29,077	42,070	0	0	0	0	0	0	0	0	0	0	0	0	12,964	0	0	0	7,350	-	-	-
Selling General Administrative	2,666,685	104,988	107,420	110,061	43,552	111,421	113,091	118,170	120,562	112,986	114,038	114,119	120,475	115,358	113,798	125,281	124,993	122,676	152,629	112,134	122,408	107,490	103,074	103,275	102,187	91,003	89,826	82,991	89,257	101,541	96,143	98,693	93,654	91,830	90,704	97,928	100,759	93,127	90,492	87,632	89,638	84,299	90,386	94,176	85,881	95,039	92,790	98,934	100,374	108,459	46,182	48,261	34,558	34,308	37,899	36,790	32,414	41,670	35,597	29,175	59,030	34,444	33,633	31,333	79,582	32,889	31,428	33,207	2,301	0	0	0
Tax Provision	-335,640	8,547	18,773	11,460	15,308	13,195	5,390	32,782	2,579	19,748	21,152	22,147	17,760	2,950	10,851	-7,492	7,881	5,016	922	2,898	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,755,125	347,814	219,850	221,174	230,197	230,835	238,410	246,223	251,844	241,556	240,461	250,950	261,479	252,856	251,133	263,903	260,467	251,186	314,427	273,243	283,270	264,589	258,170	255,966	252,739	234,127	227,297	205,779	227,716	245,761	237,380	245,869	244,120	244,597	242,859	248,985	257,313	251,106	245,713	235,440	234,228	226,071	234,884	238,369	222,968	223,265	223,012	230,374	246,539	170,781	56,565	29,659	100,426	104,144	107,316	106,673	108,692	111,292	106,294	102,094	131,943	114,452	110,547	105,969	142,035	34,371	33,767	34,702	12,154	0	0	0
Total Other Income Expense Net	-2,283,249	-13,001	-26,801	-20,224	-9,721	-14,289	-30,043	76,659	-103,370	-2,044	14,472	74,745	12,564	19,836	-11,266	-55,182	4,680	-11,501	9,862	-620	-113,704	40	63,002	-37,468	11,751	29,157	9,121	16,217	-433	6,039	10,336	8,885	-2,114	-5,364	-15,237	-2,509	3,396	11,686	-1,405	-1,187	-2,427	2,775	-19,527	21,039	19,199	29,123	23,036	132,528	-23,611	-394	-25,532	399	152,706	-19,742	-50,048	63,620	-16,827	334,217	103,326	5,625	-774,228	-318,567	44,843	-16,084	3,299	1,548	-602	-164	263	0	0	0
Total Revenue	15,709,818	413,074	453,109	439,597	499,856	497,387	499,316	501,534	498,644	504,660	499,834	482,582	489,273	473,502	459,466	465,666	499,006	472,262	537,124	531,082	530,661	532,953	525,957	501,792	506,048	481,233	465,076	433,151	740,393	742,349	757,629	816,359	790,587	760,879	793,595	798,653	843,887	895,840	879,828	826,023	808,087	848,908	830,003	795,454	786,199	764,721	806,004	764,780	834,209	356,352	151,517	67,904	513,200	607,040	603,049	627,080	557,932	482,932	383,148	479,547	496,436	616,173	483,340	554,571	1,522,832	404,416	330,589	447,763	15,775	377,283	390,107	365,509

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

Gross Profit (+$)
totalRevenue	17,015,598
Cost of Revenue	-13,433,254
Gross Profit	3,582,344	3,582,344

Operating Income (+$)
Gross Profit	3,582,344
Operating Expense	-3,099,154
Operating Income	483,190	483,190

Operating Expense (+$)
Research Development	110,000
Selling General Administrative	2,989,154
Selling And Marketing Expenses	0
Operating Expense	3,099,154	3,099,154

Net Interest Income (+$)
Interest Income	207,374
Interest Expense	-90,357
Other Finance Cost	-0
Net Interest Income	117,017

Pretax Income (+$)
Operating Income	483,190
Net Interest Income	117,017
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-1,931,684	2,898,064 EBIT - interestExpense = 392,833 -1,998,917 -1,611,700
Interest Expense	90,357
Earnings Before Interest and Taxes (EBIT)	483,190	-1,841,327
Earnings Before Interest and Taxes (EBITDA)	2,081,113

After tax Income (+$)
Income Before Tax	-1,931,684
Tax Provision	--296,860
Net Income From Continuing Ops	-1,634,824	-1,634,824
Net Income	-1,702,057
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	16,532,408
Total Other Income/Expenses Net	-2,414,874	-117,017

Technical Analysis of Echostar
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 Echostar. The general trend of Echostar is BULLISH with 28.6% 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 Echostar's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
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 EchoStar Corporation.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 17.32 < 18.20 < 19.92.

The bearish price targets are: 15.64 > 14.50 > 12.66.

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EchoStar Corporation 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 EchoStar Corporation. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

EchoStar Corporation 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 EchoStar Corporation. The current macd is 0.40400459.

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

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

EchoStar Corporation 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 EchoStar Corporation. The current adx is 8.63706542.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Echostar shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

EchoStar Corporation 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 EchoStar Corporation. The current sar is 13.66.

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

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

EchoStar Corporation 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 EchoStar Corporation. The current rsi is 66.97. The current phase is Continuation in bull market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

EchoStar Corporation 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 EchoStar Corporation. The current phase is Overbought in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Echostar price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

EchoStar Corporation 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 EchoStar Corporation. The current cci is 218.22.

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

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

EchoStar Corporation 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 EchoStar Corporation. The current cmo is 50.13.

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

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

EchoStar Corporation 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 EchoStar Corporation. The current willr is -2.86677909.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

EchoStar Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of EchoStar Corporation.

EchoStar Corporation 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 EchoStar Corporation. The current atr is 0.77744015.

EchoStar Corporation 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 EchoStar Corporation. The current obv is 335,265.

EchoStar Corporation 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 EchoStar Corporation. The current mfi is 69.58.

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

MFI > 50: +1

EchoStar Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for EchoStar Corporation.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

EchoStar Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of EchoStar Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	66.966
Ma 20	Greater than	Ma 50	14.127
Ma 50	Greater than	Ma 100	13.742
Ma 100	Greater than	Ma 200	13.820
Open	Greater than	Close	15.200
Total			2/5 (40.0%)

Create your own Symbol Scanner

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EchoStar Corporation Buy, Hold or Sell?

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

$15.88

$145.45

$-70.15 - $-65.67

$75.31 - $79.79

2. Growth of Echostar (5 min.)

Is Echostar growing?

How much money is Echostar making?

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

3. Financial Health of Echostar (5 min.)

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

Industry Rankings (Communication Equipment)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Echostar

About EchoStar Corporation

Financial Health

Valuation

1.1. Profitability of EchoStar Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Communication Equipment)

1.1.2. Return on Assets

Trends

Compared to industry (Communication Equipment)

1.1.3. Return on Equity

Trends

Compared to industry (Communication Equipment)

1.2. Operating Efficiency of EchoStar Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Communication Equipment)

1.2.2. Operating Ratio

Trends

Compared to industry (Communication Equipment)

1.3. Liquidity of EchoStar Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Communication Equipment)

1.3.2. Quick Ratio

Trends

Compared to industry (Communication Equipment)

1.4. Solvency of EchoStar Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Communication Equipment)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Communication Equipment)

2. Market Valuation of EchoStar Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Communication Equipment)

EchoStar Corporation
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