Stagwell Inc
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Let's analyse Stagwell Inc together

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

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

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

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Quick analysis of Stagwell Inc (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

63.9%

What is your share worth?

Current worth

$7.13

Expected worth in 1 year

$6.26

How sure are you?

52.8%

+ What do you gain per year?

Total Gains per Share

$-0.87

Return On Investment

-14.3%

For what price can you sell your share?

Current Price per Share

$6.08

Expected price per share

$4.88 - $6.195

How sure are you?

50%

1. Valuation of Stagwell Inc (5 min.)

Live pricePrice per Share (EOD)

$6.08

Book Value per Share

$7.13

Intrinsic Value Per Share

$-724.59 - $90.81

Total Value Per Share

$-717.46 - $97.94

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-24.71) 3Y: ($0.44) TTM: ($0.20)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.03) 3Y: ($0.11) TTM: ($-0.12)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-94.98	$2.84	$-98.29 - $3.57
2	$-184.09	$7.30	$-97.74 - $5.36
3	$-267.69	$13.30	$-97.20 - $7.16
4	$-346.12	$20.73	$-96.66 - $8.95
5	$-419.70	$29.51	$-96.11 - $10.74
6	$-488.72	$39.56	$-95.57 - $12.54
7	$-553.46	$50.79	$-95.03 - $14.33
8	$-614.20	$63.12	$-94.49 - $16.13
9	$-671.16	$76.48	$-93.94 - $17.92
10	$-724.59	$90.81	$-93.40 - $19.71

2. Growth of Stagwell Inc (5 min.)

Is Stagwell Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$836m	$930.9m	-$95.3m	-11.4%

How much money is Stagwell Inc making?

	Current year	Previous year	Grow	Grow %
Making money	-$1.8m	$16.4m	-$18.3m	-973.8%
Net Profit Margin	-0.3%	2.6%	-	-

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

Quarterly Yearly

3. Financial Health of Stagwell Inc (5 min.)

4. Comparing to competitors in the Advertising Agencies industry (5 min.)

Industry Rankings (Advertising Agencies)

Richest
#19 / 180

Most Revenue
#23 / 180

Most Profit
#124 / 180

Most Efficient
#95 / 180

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

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

What can you expect buying and holding a share of Stagwell Inc?

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

Speculation

The Price per Share of Stagwell Inc is $6.08. 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 Stagwell Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Stagwell Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $7.13. Based on the TTM, the Book Value Change Per Share is $-0.22 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.02 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 Stagwell Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.01	0.2%	-0.01	-0.1%	0.03	0.5%	-0.09	-1.5%	-9.58	-157.5%
Usd Book Value Change Per Share	0.60	9.8%	-0.22	-3.6%	-0.02	-0.3%	0.36	5.9%	0.26	4.3%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.11	1.9%	0.13	2.1%
Usd Total Gains Per Share	0.60	9.8%	-0.22	-3.6%	-0.02	-0.3%	0.47	7.7%	0.39	6.5%
Usd Price Per Share	6.63	-	6.49	-	6.46	-	4.76	-	9.93	-
Price to Earnings Ratio	151.06	-	382.40	-	17.93	-	86.65	-	53.84	-
Price-to-Total Gains Ratio	11.14	-	-2.37	-	-8.81	-	1.80	-	-1.84	-
Price to Book Ratio	0.93	-	1.24	-	1.45	-	0.07	-	-185.46	-
Price-to-Total Gains Ratio	11.14	-	-2.37	-	-8.81	-	1.80	-	-1.84	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	6.08
Number of shares	164

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.11
Usd Book Value Change Per Share	-0.22	0.36
Usd Total Gains Per Share	-0.22	0.47
Gains per Quarter (164 shares)	-35.64	77.17
Gains per Year (164 shares)	-142.57	308.70

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	-143	-153	75	234	299
2	0	-285	-296	149	468	608
3	0	-428	-439	224	702	917
4	0	-570	-582	298	936	1226
5	0	-713	-725	373	1170	1535
6	0	-855	-868	448	1405	1844
7	0	-998	-1011	522	1639	2153
8	0	-1141	-1154	597	1873	2462
9	0	-1283	-1297	672	2107	2771
10	0	-1426	-1440	746	2341	3080

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%	9.0	3.0	0.0	75.0%	12.0	8.0	0.0	60.0%	17.0	19.0	0.0	47.2%	53.0	58.0	0.0	47.7%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	6.0	6.0	0.0	50.0%	10.0	10.0	0.0	50.0%	16.0	20.0	0.0	44.4%	54.0	56.0	1.0	48.6%
Dividend per Share	0.0	0.0	4.0	0.0%	4.0	0.0	8.0	33.3%	7.0	0.0	13.0	35.0%	23.0	0.0	13.0	63.9%	36.0	0.0	75.0	32.4%
Total Gains per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	12.0	8.0	0.0	60.0%	19.0	17.0	0.0	52.8%	57.0	53.0	1.0	51.4%

Fundamentals of Stagwell Inc

About Stagwell Inc

https://www.stagwellglobal.com
Advertising Agencies
10250
One World Trade Center, New York, NY, United States, 10007
Google Maps Bing Maps

Stagwell Inc. provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement. The company also provides audience analysis, and media buying and planning services; and strategic insights and guidance services that offers business content, product, communications, and media strategies. In addition, it offers strategy development, advertising creation, live events, immersive digital experiences, cross platform engagement, and social media content services; and leadership, investor and financial relations, social media, executive positioning and visibility, strategic communication, public relation, and public affair services. Further, the company provides Stagwell Marketing Cloud, a suite of software-as-a-service (SaaS) and data-as-a-service (DaaS) technology solutions, including research and insights, communications technology, advance media platform, and media studios; and technology-driven solutions for in-house marketers. Stagwell Inc. is headquartered in New York, New York.

Fundamental data was last updated by Penke on 2024-04-12 19:14:05.

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 just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Stagwell Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
A Net Profit Margin of 0.2% means that $0.00 for each $1 in revenue is generated as profit.

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

The MRQ is 0.2%. The company is not making a profit/loss.
The TTM is -0.3%. The company is not making a profit/loss.

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	-0.3%	+0.5%
TTM	-0.3%	YOY	2.6%	-2.9%
TTM	-0.3%	5Y	1.6%	-1.9%
5Y	1.6%	10Y	-0.6%	+2.2%

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.5%	-0.3%
TTM	-0.3%	0.1%	-0.4%
YOY	2.6%	2.2%	+0.4%
5Y	1.6%	-0.8%	+2.4%
10Y	-0.6%	1.8%	-2.4%

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

Revenue is the amount of profit Stagwell Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Stagwell Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
Can be used to compare companies within the Advertising Agencies industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Stagwell Inc. If profit margins remain low (compared to the Advertising Agencies 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 Stagwell Inc is 0.00. This means that Stagwell Inc earned $0.00 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 Advertising Agencies industry is 0.5%.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Stagwell Inc with other companies in the same industry (Advertising Agencies).
Net profit margin should rise over the years.
Can be influenced when Stagwell Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Stagwell Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Stagwell Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Stagwell Inc = 1,286
Total revenue MRQ Stagwell Inc = 650,745
$1,286 / $650,745 = 0.00 or 0.2%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Stagwell Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
0.0% Return on Assets means that Stagwell Inc generated $0.00 profit for each $1 in assets.

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

The MRQ is 0.0%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.0%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.0%	TTM	0.0%	+0.1%
TTM	0.0%	YOY	0.4%	-0.5%
TTM	0.0%	5Y	0.3%	-0.3%
5Y	0.3%	10Y	0.2%	+0.1%

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.0%	0.4%	-0.4%
TTM	0.0%	0.2%	-0.2%
YOY	0.4%	0.7%	-0.3%
5Y	0.3%	0.2%	+0.1%
10Y	0.2%	0.6%	-0.4%

Shows how efficient Stagwell Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Stagwell Inc to the Advertising Agencies 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 Stagwell Inc is using its resources to generate profit. If the return on assets (0.0%) from Stagwell Inc are higher than the Advertising Agencies mean (0.4%) that means Stagwell Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Stagwell Inc is 0.0%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Advertising Agencies industry is 0.4%.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Stagwell Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Stagwell Inc = 1,286
Total assets MRQ (balance sheet) from Stagwell Inc = 3,767,047
1,286 / 3,767,047 = 0.00 or 0.0%

ROA is an important ratio as it will tell you how effectively Stagwell Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Stagwell Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
0.4% Return on Equity means Stagwell Inc generated $0.00 for each $1 the owners (shareholders) invested.

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

The MRQ is 0.4%. Using its investors money, the company is inefficient in making profit. -1
The TTM is -0.5%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.4%	TTM	-0.5%	+0.8%
TTM	-0.5%	YOY	5.6%	-6.1%
TTM	-0.5%	5Y	1.3%	-1.8%
5Y	1.3%	10Y	0.7%	+0.6%

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.4%	0.8%	-0.4%
TTM	-0.5%	0.7%	-1.2%
YOY	5.6%	1.7%	+3.9%
5Y	1.3%	1.1%	+0.2%
10Y	0.7%	2.2%	-1.5%

Shows how efficient Stagwell Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Stagwell Inc to the Advertising Agencies 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 Advertising Agencies 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 Stagwell Inc is 0.4%. This means Stagwell Inc generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Advertising Agencies industry is 0.8%.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if Stagwell Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Stagwell Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Stagwell Inc = 1,286
Shareholders equity (balance sheet) MRQ Stagwell Inc = 356,695
1,286 / 356,695 = 0.00 or 0.4%

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 Stagwell Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Stagwell Inc is operating .

Measures how much profit Stagwell Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
An Operating Margin of 2.8% means the company generated $0.03 for each $1 in revenue (before taxes).

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

The MRQ is 2.8%. The company is operating less efficient.
The TTM is 3.9%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	3.9%	-1.2%
TTM	3.9%	YOY	10.1%	-6.1%
TTM	3.9%	5Y	6.5%	-2.6%
5Y	6.5%	10Y	4.7%	+1.8%

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	3.2%	-0.4%
TTM	3.9%	1.9%	+2.0%
YOY	10.1%	3.9%	+6.2%
5Y	6.5%	2.5%	+4.0%
10Y	4.7%	3.6%	+1.1%

Measures how efficient Stagwell Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Stagwell Inc to the Advertising Agencies 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 Stagwell Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Stagwell Inc is 2.8%. This means that Stagwell Inc earned $0.03 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Advertising Agencies industry is 3.2%.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Stagwell Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Stagwell Inc = 18,152
Total revenue MRQ Stagwell Inc = 650,745
$18,152 / $650,745 = 0.03 or 2.8%

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 Stagwell Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Advertising Agencies industry mean).
An Operation Ratio of 0.97 means that the operating costs are $0.97 for each $1 in net sales.

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

The MRQ is 0.972. The company is less efficient in keeping operating costs low.
The TTM is 0.960. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.972	TTM	0.960	+0.012
TTM	0.960	YOY	0.895	+0.065
TTM	0.960	5Y	0.929	+0.032
5Y	0.929	10Y	0.827	+0.102

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.972	1.216	-0.244
TTM	0.960	1.223	-0.263
YOY	0.895	1.174	-0.279
5Y	0.929	1.265	-0.336
10Y	0.827	1.208	-0.381

Measures how efficient Stagwell Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Stagwell Inc to the Advertising Agencies 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 Stagwell Inc is 97.2%. This means that Stagwell Inc earned $0.97 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 Advertising Agencies industry is 1.22.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Stagwell Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(454,901 +177,692) \ 650,745 = 0.97

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 Stagwell Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Advertising Agencies industry mean).
A Current Ratio of 0.75 means the company has $0.75 in assets for each $1 in short-term debts.

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

The MRQ is 0.746. The company is unable to pay all its short-term debts. -2
The TTM is 0.790. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.746	TTM	0.790	-0.045
TTM	0.790	YOY	0.830	-0.039
TTM	0.790	5Y	0.818	-0.028
5Y	0.818	10Y	0.752	+0.066

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.746	1.464	-0.718
TTM	0.790	1.472	-0.682
YOY	0.830	1.543	-0.713
5Y	0.818	1.595	-0.777
10Y	0.752	1.559	-0.807

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Advertising Agencies 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 Stagwell Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Stagwell Inc is 0.75. This means Stagwell Inc has $0.75 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Advertising Agencies industry is 1.46.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Stagwell Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,025,066 \ 1,374,329) = 0.75

The current ratio measures if Stagwell Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Stagwell Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Stagwell Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Stagwell Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
A Quick Ratio of 0.69 means the company can pay off $0.69 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.693. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.720. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.693	TTM	0.720	-0.026
TTM	0.720	YOY	0.772	-0.052
TTM	0.720	5Y	0.751	-0.032
5Y	0.751	10Y	0.678	+0.073

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.693	1.055	-0.362
TTM	0.720	1.049	-0.329
YOY	0.772	1.143	-0.371
5Y	0.751	1.124	-0.373
10Y	0.678	1.177	-0.499

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Stagwell Inc to the Advertising Agencies 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 Stagwell Inc can pay off its short term debts. This shows if Stagwell Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Stagwell Inc is 0.69. This means that Stagwell Inc can pay off $0.69 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Advertising Agencies industry is 1.06.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Stagwell Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Stagwell Inc: (119,737 + 0 +832,875) / 1,374,329 = 0.69

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 Stagwell Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Stagwell Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Stagwell Inc to Advertising Agencies industry mean.
A Debt to Asset Ratio of 0.78 means that Stagwell Inc assets are financed with 77.8% credit (debt) and the remaining percentage (100% - 77.8%) is financed by its owners/shareholders.

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

The MRQ is 0.778. The company is just able to pay all its debts by selling its assets.
The TTM is 0.783. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.778	TTM	0.783	-0.005
TTM	0.783	YOY	0.768	+0.015
TTM	0.783	5Y	0.926	-0.143
5Y	0.926	10Y	1.056	-0.130

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	0.778	0.564	+0.214
TTM	0.783	0.568	+0.215
YOY	0.768	0.510	+0.258
5Y	0.926	0.547	+0.379
10Y	1.056	0.557	+0.499

Measures how much % of Stagwell Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Stagwell Inc to Advertising Agencies 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 Stagwell Inc is 0.78. This means means that Stagwell Inc is financed with 77.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Advertising Agencies industry is 146.4%.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Stagwell Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Stagwell Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,930,983 \ 3,767,047 = 77.8% or 0.78.

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

Below 2 is considered healthy but always compare Stagwell Inc to the Advertising Agencies industry mean.
A Debt to Equity ratio of 821.7% means that company has $8.22 debt for each $1 in shareholders equity.

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

The MRQ is 8.217. The company is unable to pay all its debts with equity. -1
The TTM is 8.279. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.217	TTM	8.279	-0.062
TTM	8.279	YOY	8.578	-0.298
TTM	8.279	5Y	4.244	+4.035
5Y	4.244	10Y	2.358	+1.886

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
MRQ	8.217	1.188	+7.029
TTM	8.279	1.115	+7.164
YOY	8.578	0.948	+7.630
5Y	4.244	1.146	+3.098
10Y	2.358	1.167	+1.191

Measures if Stagwell Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Stagwell Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Stagwell Inc is 8.22. This means that Stagwell Inc can pay off $8.22 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Advertising Agencies industry is 1.19.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Stagwell Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,930,983 \ 356,695 = 8.22 or 821.7%

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 Stagwell Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Stagwell Inc to the Advertising Agencies industry mean.
A PE ratio of 151.06 means the investor is paying $151.06 for every $1 in earnings.

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

The EOD is 138.532. Based on the earnings, the company is expensive. -2
The MRQ is 151.063. Based on the earnings, the company is expensive. -2
The TTM is 382.399. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	138.532	MRQ	151.063	-12.532
MRQ	151.063	TTM	382.399	-231.336
TTM	382.399	YOY	17.932	+364.467
TTM	382.399	5Y	86.655	+295.744
5Y	86.655	10Y	53.843	+32.811

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
EOD	138.532	2.224	+136.308
MRQ	151.063	2.654	+148.409
TTM	382.399	-0.124	+382.523
YOY	17.932	11.278	+6.654
5Y	86.655	8.802	+77.853
10Y	53.843	10.568	+43.275

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

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Stagwell Inc to the Advertising Agencies 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 Stagwell Inc is 151.06. This means the investor is paying $151.06 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Advertising Agencies industry is 2.65.
What is the trend?
The trend is important because it shows you how Stagwell Inc is performing over time. The most recent quarter might be important if Stagwell Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Stagwell Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Stagwell Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 117,205 = EPS
PE ratio MRQ = 151.06

* 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 Stagwell Inc:

The EOD is 0.901. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 0.983. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 7.358. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.901	MRQ	0.983	-0.082
MRQ	0.983	TTM	7.358	-6.375
TTM	7.358	YOY	-3.420	+10.778
TTM	7.358	5Y	4.940	+2.418
5Y	4.940	10Y	728.840	-723.900

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
EOD	0.901	3.081	-2.180
MRQ	0.983	3.495	-2.512
TTM	7.358	3.325	+4.033
YOY	-3.420	2.119	-5.539
5Y	4.940	2.741	+2.199
10Y	728.840	0.895	+727.945

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Advertising Agencies industry mean).
A PB ratio of 0.93 means the investor is paying $0.93 for each $1 in book value.

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

The EOD is 0.852. Based on the equity, the company is cheap. +2
The MRQ is 0.929. Based on the equity, the company is cheap. +2
The TTM is 1.243. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	0.852	MRQ	0.929	-0.077
MRQ	0.929	TTM	1.243	-0.314
TTM	1.243	YOY	1.450	-0.207
TTM	1.243	5Y	0.069	+1.174
5Y	0.069	10Y	-185.458	+185.527

Compared to industry (Advertising Agencies)

Period	Company	Industry (mean)	+/-
EOD	0.852	1.454	-0.602
MRQ	0.929	1.558	-0.629
TTM	1.243	1.583	-0.340
YOY	1.450	1.809	-0.359
5Y	0.069	1.755	-1.686
10Y	-185.458	1.836	-187.294

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Stagwell Inc

Institutions are holding 93.967% of the shares of Stagwell Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Goldman Sachs Group Inc	28.8347	0.0201	33709556	16854814	100.0004
2023-12-31	Hotchkis & Wiley Capital Management LLC	17.3359	0.4782	20266750	2731100	15.5746
2023-12-31	Madison Avenue Partners, LP	6.114	6.6908	7147662	0	0
2023-12-31	BlackRock Inc	5.5141	0.0011	6446390	570738	9.7136
2023-12-31	Vanguard Group Inc	4.6055	0.0008	5384102	834189	18.3342
2023-12-31	Schroder Investment Management Group	4.4915	0.0451	5250838	667166	14.5553
2023-12-31	AltraVue Capital, LLC	2.0342	1.8176	2378060	0	0
2023-12-31	Geode Capital Management, LLC	1.7724	0.0014	2072030	160750	8.4106
2023-12-31	Toron Capital Markets Inc	1.7447	0.5793	2039680	304956	17.5795
2023-12-31	Penn Capital Management Company LLC	1.6475	1.1743	1925982	4723	0.2458
2023-12-31	Boston Partners Global Investors, Inc	1.6427	0.017	1920370	1920370	0
2023-12-31	State Street Corporation	1.5208	0.0006	1777910	50016	2.8946
2023-12-31	New York State Common Retirement Fund	1.4454	0.0155	1689717	503	0.0298
2023-12-31	CastleKnight Management LP	1.2555	0.5134	1467760	1157239	372.6766
2023-12-31	Dimensional Fund Advisors, Inc.	1.088	0.0025	1271908	96870	8.244
2023-12-31	First Pacific Advisors, LP	0.8348	0.0969	975983	0	0
2023-12-31	Stanley Capital Management, LLC	0.8129	1.5532	950342	0	0
2023-12-31	Foundry Partners, LLC	0.7006	0.327	819016	58218	7.6522
2023-12-31	Charles Schwab Investment Management Inc	0.6664	0.0013	779070	42490	5.7686
2023-12-31	Northern Trust Corp	0.6458	0.0009	754954	-32285	-4.101
Total		84.7074	13.337	99028080	+25421857	+25.7%

3.2. Funds holding Stagwell Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-01-31	American Beacon Small Cp Val R5	4.7275	0.7554	5526749	0	0
2024-02-29	Hotchkis & Wiley Small Cap Value I	4.7255	3.7232	5524400	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.604	0.0011	3044197	0	0
2024-02-29	Hotchkis & Wiley Value Opps Instl	2.5637	2.4812	2997100	74490	2.5487
2024-03-28	iShares Russell 2000 ETF	1.7296	0.0192	2021962	975	0.0482
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3577	0.0083	1587214	7991	0.506
2023-12-31	UWS Schroder US Mid Cap B	1.0907	0.7531	1275150	185574	17.0318
2023-12-31	Penn Capital Small Cap Equity	0.9942	1.3198	1162304	0	0
2023-12-31	Schroder US Smaller Companies Acc	0.9925	0.8561	1160266	0	0
2024-01-31	Fidelity Small Cap Index	0.6972	0.0214	815015	11845	1.4748
2024-03-28	iShares Russell 2000 Value ETF	0.6681	0.0387	781031	-495	-0.0633
2023-12-31	Schroder ISF US S&M-Cap Eq C Acc USD	0.6055	0.701	707922	110283	18.4531
2023-12-31	Hotchkis & Wiley - Sm-Cap Val	0.5838	4.5246	682441	72085	11.8103
2024-02-29	Fidelity Extended Market Index	0.5321	0.0087	622016	15667	2.5838
2024-02-29	HW Opportunities MP	0.5299	5.789	619480	0	0
2024-02-29	Foundry Partnersl Sm Cp Val Inv	0.4931	1.1379	576495	11065	1.9569
2024-03-28	NBI Global Private Equity ETF	0.4531	1.0987	529741	0	0
2024-03-29	Schwab US Small-Cap ETF™	0.4355	0.0185	509108	0	0
2024-02-29	Hotchkis & Wiley Sm Cp Divers Val I	0.4246	0.3224	496400	0	0
2024-02-29	Sun Life Schroder Global Mid Cap F	0.4185	0.4242	489217	-60532	-11.0108
Total		26.6268	24.0025	31128208	+428948	+1.4%

3.3. Insider Transactions

Insiders are holding 4.498% of the shares of Stagwell Inc.

Date	Owner	Type	Amount	Price
2024-02-28	Mark Jeffery Penn	BUY	10000	5.2
2024-02-28	Wade Oosterman	BUY	5000	5.04
2023-08-21	Jay Leveton	BUY	7540	4.89
2023-08-21	Peter Mcelligott	BUY	1500	4.79
2023-05-11	Peter Mcelligott	BUY	2425	5.67
2023-05-10	Vincenzo Dimaggio	BUY	5000	5.69
2023-05-09	Ga Secondary C.v. Alpinvest	SELL	23328154	6.43

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.595	-0.217	+137%	-0.017	+103%	0.357	+67%	0.264	+126%
Book Value Per Share	-	-	7.133	5.929	+20%	5.339	+34%	2.180	+227%	-118.538	+1762%
Current Ratio	-	-	0.746	0.790	-6%	0.830	-10%	0.818	-9%	0.752	-1%
Debt To Asset Ratio	-	-	0.778	0.783	-1%	0.768	+1%	0.926	-16%	1.056	-26%
Debt To Equity Ratio	-	-	8.217	8.279	-1%	8.578	-4%	4.244	+94%	2.358	+249%
Dividend Per Share	-	-	-	-	0%	-	0%	0.114	-100%	0.130	-100%
Eps	-	-	0.011	-0.006	+150%	0.028	-60%	-0.094	+957%	-9.578	+87394%
Free Cash Flow Per Share	-	-	1.687	0.204	+728%	0.762	+121%	0.306	+451%	-24.707	+1565%
Free Cash Flow To Equity Per Share	-	-	-1.630	-0.531	-67%	0.308	-629%	-0.076	-95%	-4.845	+197%
Gross Profit Margin	-	-	-233.454	-57.614	-75%	1.000	-23445%	-7.061	-97%	-3.617	-98%
Intrinsic Value_10Y_max	-	-	90.807	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-724.593	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.838	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-94.982	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	13.300	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-267.695	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	29.515	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-419.700	-	-	-	-	-	-	-	-
Market Cap	710788480.000	-9%	777069150.000	1079652767.500	-28%	1345908722.500	-42%	782160319.874	-1%	20421659369.930	-96%
Net Profit Margin	-	-	0.002	-0.003	+253%	0.026	-92%	0.016	-88%	-0.006	+389%
Operating Margin	-	-	0.028	0.039	-29%	0.101	-72%	0.065	-57%	0.047	-41%
Operating Ratio	-	-	0.972	0.960	+1%	0.895	+9%	0.929	+5%	0.827	+18%
Pb Ratio	0.852	-9%	0.929	1.243	-25%	1.450	-36%	0.069	+1247%	-185.458	+20054%
Pe Ratio	138.532	-9%	151.063	382.399	-60%	17.932	+742%	86.655	+74%	53.843	+181%
Price Per Share	6.080	-9%	6.630	6.488	+2%	6.458	+3%	4.756	+39%	9.935	-33%
Price To Free Cash Flow Ratio	0.901	-9%	0.983	7.358	-87%	-3.420	+448%	4.940	-80%	728.840	-100%
Price To Total Gains Ratio	10.214	-9%	11.138	-2.366	+121%	-8.814	+179%	1.797	+520%	-1.843	+117%
Quick Ratio	-	-	0.693	0.720	-4%	0.772	-10%	0.751	-8%	0.678	+2%
Return On Assets	-	-	0.000	0.000	+242%	0.004	-92%	0.003	-88%	0.002	-83%
Return On Equity	-	-	0.004	-0.005	+230%	0.056	-94%	0.013	-72%	0.007	-50%
Total Gains Per Share	-	-	0.595	-0.217	+137%	-0.017	+103%	0.471	+27%	0.394	+51%
Usd Book Value	-	-	836064000.000	835543000.000	+0%	930903500.000	-10%	370396800.000	+126%	-13801611000.000	+1751%
Usd Book Value Change Per Share	-	-	0.595	-0.217	+137%	-0.017	+103%	0.357	+67%	0.264	+126%
Usd Book Value Per Share	-	-	7.133	5.929	+20%	5.339	+34%	2.180	+227%	-118.538	+1762%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	0.114	-100%	0.130	-100%
Usd Eps	-	-	0.011	-0.006	+150%	0.028	-60%	-0.094	+957%	-9.578	+87394%
Usd Free Cash Flow	-	-	197685439.000	9728109.750	+1932%	76694250.000	+158%	30815171.950	+542%	-2893606098.917	+1564%
Usd Free Cash Flow Per Share	-	-	1.687	0.204	+728%	0.762	+121%	0.306	+451%	-24.707	+1565%
Usd Free Cash Flow To Equity Per Share	-	-	-1.630	-0.531	-67%	0.308	-629%	-0.076	-95%	-4.845	+197%
Usd Market Cap	710788480.000	-9%	777069150.000	1079652767.500	-28%	1345908722.500	-42%	782160319.874	-1%	20421659369.930	-96%
Usd Price Per Share	6.080	-9%	6.630	6.488	+2%	6.458	+3%	4.756	+39%	9.935	-33%
Usd Profit	-	-	1286000.000	-1886000.000	+247%	16480250.000	-92%	5574250.000	-77%	-1105147166.667	+86037%
Usd Revenue	-	-	650745000.000	630756750.000	+3%	671948000.000	-3%	461228150.000	+41%	308086166.667	+111%
Usd Total Gains Per Share	-	-	0.595	-0.217	+137%	-0.017	+103%	0.471	+27%	0.394	+51%
	EOD	+4 -4	MRQ	TTM	+24 -10	YOY	+13 -21	5Y	+17 -19	10Y	+22 -14

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	138.532
Price to Book Ratio (EOD)	Between	0-1	0.852
Net Profit Margin (MRQ)	Greater than	0	0.002
Operating Margin (MRQ)	Greater than	0	0.028
Quick Ratio (MRQ)	Greater than	1	0.693
Current Ratio (MRQ)	Greater than	1	0.746
Debt to Asset Ratio (MRQ)	Less than	1	0.778
Debt to Equity Ratio (MRQ)	Less than	1	8.217
Return on Equity (MRQ)	Greater than	0.15	0.004
Return on Assets (MRQ)	Greater than	0.05	0.000
Total			4/10 (40.0%)

Create your own Stock Scanner

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	59.058
Ma 20	Greater than	Ma 50	5.738
Ma 50	Greater than	Ma 100	5.890
Ma 100	Greater than	Ma 200	6.079
Open	Greater than	Close	5.960
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
Total Other Income Expense Net		-112,098	93,459	-18,639	6,183	-12,456	12,045	-411	72,601	72,190

Latest Balance Sheet

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

Summary

Total Assets	3,767,047
Total Liabilities	2,930,983
Total Stockholder Equity	356,695

	As reported
Total Liabilities	2,930,983
Total Stockholder Equity	+ 356,695
Total Assets	= 3,767,047

Assets

Total Assets	3,767,047
Total Current Assets	1,025,066
Long-term Assets	2,741,981

Total Current Assets

Total Current Assets (as reported)	1,025,066
Cash And Cash Equivalents	119,737
Net Receivables	832,875
Other Current Assets	72,454
Total Current Assets (calculated)	1,025,066
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,741,981
Property Plant Equipment	332,103
Goodwill	1,498,815
Intangible Assets	818,220
Long-term Assets Other	92,843
Long-term Assets (calculated)	2,741,981
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	1,374,329
Long-term Liabilities	1,556,654
Total Stockholder Equity	356,695

Total Current Liabilities

Total Current Liabilities (as reported)	1,374,329
Short-term Debt	65,899
Accounts payable	414,980
Other Current Liabilities	591,776
Total Current Liabilities (calculated)	1,072,655
+/-	301,674

Long-term Liabilities

Long-term Liabilities (as reported)	1,556,654
Long term Debt	1,145,828
Capital Lease Obligations	347,206
Long-term Liabilities Other	54,905
Long-term Liabilities (calculated)	1,547,939
+/-	8,715

Total Stockholder Equity

Total Stockholder Equity (as reported)	356,695
Common Stock	120
Retained Earnings	21,148
Accumulated Other Comprehensive Income	-13,067
Other Stockholders Equity	348,494
Total Stockholder Equity (calculated)	356,695
+/-	0

Other

Capital Stock	120
Cash and Short Term Investments	119,737
Common Stock Shares Outstanding	117,205
Current Deferred Revenue	301,674
Liabilities and Stockholders Equity	3,767,047
Net Debt	1,373,297
Net Invested Capital	1,502,523
Net Working Capital	-349,263
Property Plant and Equipment Gross	413,536
Short Long Term Debt Total	1,493,034

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

> Total Assets

0
0
0
89,670
107,031
115,327
122,488
125,254
139,015
218,383
264,105
289,194
282,231
286,422
283,321
303,573
387,922
451,498
479,175
519,456
556,170
571,137
625,772
634,821
651,142
704,016
738,547
748,402
728,799
626,827
576,838
562,070
376,669
366,624
384,922
386,955
305,280
317,870
348,411
390,856
384,412
428,708
437,855
437,855
511,680
512,905
507,315
513,840
516,203
533,507
493,501
504,393
517,896
517,088
520,698
539,690
552,671
528,715
529,239
536,085
544,280
580,238
604,519
633,066
791,986
862,170
914,348
974,737
952,919
1,005,427
1,055,745
1,338,610
1,393,437
1,351,741
1,344,945
1,418,509
1,389,443
1,365,687
1,425,227
1,570,272
1,685,018
1,707,328
1,648,890
1,640,125
1,848,647
1,617,201
1,590,250
1,571,555
1,616,153
1,642,312
1,577,378
1,626,653,000
1,650,254,000
1,617,831,000
1,698,892
1,701,077,000
1,788,597,000
1,729,724,000
1,611,573
1,833,119
1,798,649
1,751,729
1,839,492
1,870,856
1,705,452
1,706,132
1,013,855
1,560,713
1,587,178
3,943,621
4,077,750
4,051,833
4,025,018
3,969,348
3,993,332
3,900,933
3,853,034
3,870,209
3,767,047

3,767,047

3,870,209

3,853,034

3,900,933

3,993,332

3,969,348

4,025,018

4,051,833

4,077,750

3,943,621

1,587,178

1,560,713

1,013,855

1,706,132

1,705,452

1,870,856

1,839,492

1,751,729

1,798,649

1,833,119

1,611,573

1,729,724,000

1,788,597,000

1,701,077,000

1,698,892

1,617,831,000

1,650,254,000

1,626,653,000

1,577,378

1,642,312

1,616,153

1,571,555

1,590,250

1,617,201

1,848,647

1,640,125

1,648,890

1,707,328

1,685,018

1,570,272

1,425,227

1,365,687

1,389,443

1,418,509

1,344,945

1,351,741

1,393,437

1,338,610

1,055,745

1,005,427

952,919

974,737

914,348

862,170

791,986

633,066

604,519

580,238

544,280

536,085

529,239

528,715

552,671

539,690

520,698

517,088

517,896

504,393

493,501

533,507

516,203

513,840

507,315

512,905

511,680

437,855

428,708

384,412

390,856

348,411

317,870

305,280

386,955

384,922

366,624

376,669

562,070

576,838

626,827

728,799

748,402

738,547

704,016

651,142

634,821

625,772

571,137

556,170

519,456

479,175

451,498

387,922

303,573

283,321

286,422

282,231

289,194

264,105

218,383

139,015

125,254

122,488

115,327

107,031

89,670

> Total Current Assets

0
0
0
26,621
33,678
39,343
42,731
34,904
41,345
61,767
91,902
116,099
94,377
86,177
77,723
89,833
112,364
111,471
124,648
144,644
171,229
166,265
177,180
179,918
183,448
213,587
204,991
193,671
184,482
150,090
166,661
170,089
129,691
120,869
118,763
122,490
152,428
141,699
164,721
179,105
170,060
160,287
157,009
157,009
156,420
157,331
153,196
158,451
165,560
190,319
166,476
182,926
185,295
178,994
173,438
189,710
204,359
188,309
175,744
191,659
203,811
231,282
202,245
187,123
249,111
278,104
250,124
276,191
254,339
275,957
298,412
426,158
493,293
456,527
462,151
521,451
495,239
487,564
500,507
486,930
590,294
568,622
552,242
565,720
742,413
527,330
508,745
491,933
545,712
540,845
489,582
532,435,000
551,650,000
532,787,000
542,771
552,745,000
595,521,000
563,229,000
589,854
568,233
547,236
513,676
623,082
695,865
530,533
530,180
365,686
545,521
583,226
901,086
1,008,117
1,022,378
993,163
1,019,719
1,030,955
973,117
955,548
1,001,780
1,025,066

1,025,066

1,001,780

955,548

973,117

1,030,955

1,019,719

993,163

1,022,378

1,008,117

901,086

583,226

545,521

365,686

530,180

530,533

695,865

623,082

513,676

547,236

568,233

589,854

563,229,000

595,521,000

552,745,000

542,771

532,787,000

551,650,000

532,435,000

489,582

540,845

545,712

491,933

508,745

527,330

742,413

565,720

552,242

568,622

590,294

486,930

500,507

487,564

495,239

521,451

462,151

456,527

493,293

426,158

298,412

275,957

254,339

276,191

250,124

278,104

249,111

187,123

202,245

231,282

203,811

191,659

175,744

188,309

204,359

189,710

173,438

178,994

185,295

182,926

166,476

190,319

165,560

158,451

153,196

157,331

156,420

157,009

160,287

170,060

179,105

164,721

141,699

152,428

122,490

118,763

120,869

129,691

170,089

166,661

150,090

184,482

193,671

204,991

213,587

183,448

179,918

177,180

166,265

171,229

144,644

124,648

111,471

112,364

89,833

77,723

86,177

94,377

116,099

91,902

61,767

41,345

34,904

42,731

39,343

33,678

26,621

Cash And Cash Equivalents

0
0
0
6,105
-600
-4,505
-15,411
-11,568
-9,388
-7,996
30,101
44,553
20,495
10,697
-899
10,192
16,810
5,413
11,368
8,403
20,695
13,089
24,379
18,911
20,563
35,161
40,700
20,753
14,525
11,529
37,250
36,371
28,485
30,835
37,867
32,776
44,904
52,640
71,879
59,158
48,668
16,349
22,673
22,673
16,114
11,419
12,923
5,298
5,182
4,592
6,591
4,786
9,359
7,089
10,410
5,749
18,510
17,483
41,331
46,247
57,934
70,937
51,926
21,247
47,454
40,995
10,949
6,962
5,704
7,345
8,096
35,957
71,696
72,799
60,330
71,360
77,336
63,312
102,007
17,497
72,339
48,885
119,767
17,612
34,851
15,758
61,458
21,840
16,062
21,735
27,921
23,186,000
20,347,000
18,861,000
46,179
29,202,000
24,999,000
25,056,000
30,873
26,372
27,304
27,280
106,933
221,102
85,483
37,075
91,957
113,340
108,280
115,489
184,009
135,153
93,402
165,251
220,589
138,529
105,284
98,705
119,737

119,737

98,705

105,284

138,529

220,589

165,251

93,402

135,153

184,009

115,489

108,280

113,340

91,957

37,075

85,483

221,102

106,933

27,280

27,304

26,372

30,873

25,056,000

24,999,000

29,202,000

46,179

18,861,000

20,347,000

23,186,000

27,921

21,735

16,062

21,840

61,458

15,758

34,851

17,612

119,767

48,885

72,339

17,497

102,007

63,312

77,336

71,360

60,330

72,799

71,696

35,957

8,096

7,345

5,704

6,962

10,949

40,995

47,454

21,247

51,926

70,937

57,934

46,247

41,331

17,483

18,510

5,749

10,410

7,089

9,359

4,786

6,591

4,592

5,182

5,298

12,923

11,419

16,114

22,673

16,349

48,668

59,158

71,879

52,640

44,904

32,776

37,867

30,835

28,485

36,371

37,250

11,529

14,525

20,753

40,700

35,161

20,563

18,911

24,379

13,089

20,695

8,403

11,368

5,413

16,810

10,192

-899

10,697

20,495

44,553

30,101

-7,996

-9,388

-11,568

-15,411

-4,505

-600

6,105

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,684
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

20,684

Net Receivables

0
0
0
7,906
18,488
18,220
19,014
21,241
21,471
24,987
26,000
36,224
33,192
29,592
38,662
35,673
40,523
49,420
52,716
67,020
79,396
86,130
93,930
95,477
96,852
111,601
105,322
109,926
103,765
94,950
89,680
93,618
83,855
75,451
67,598
74,131
75,960
77,932
80,979
96,958
108,105
128,487
119,695
119,695
124,085
129,884
125,157
137,252
131,088
151,566
153,821
168,333
163,388
162,291
154,669
174,750
177,249
162,007
123,903
116,219
118,151
126,281
118,211
131,944
146,346
190,505
195,306
203,882
204,925
216,432
238,592
319,154
334,375
313,540
384,929
426,445
394,648
401,623
373,042
434,898
486,222
488,683
395,497
499,216
460,512
475,440
405,056
414,959
472,978
459,970
421,458
428,195,000
456,229,000
438,765,000
434,072
424,918,000
424,202,000
437,024,000
395,200
485,311
475,117
450,457
480,536
430,074
378,732
425,520
236,796
400,494
443,634
706,713
760,002
818,216
826,510
783,219
738,923
756,658
753,181
798,993
832,875

832,875

798,993

753,181

756,658

738,923

783,219

826,510

818,216

760,002

706,713

443,634

400,494

236,796

425,520

378,732

430,074

480,536

450,457

475,117

485,311

395,200

437,024,000

424,202,000

424,918,000

434,072

438,765,000

456,229,000

428,195,000

421,458

459,970

472,978

414,959

405,056

475,440

460,512

499,216

395,497

488,683

486,222

434,898

373,042

401,623

394,648

426,445

384,929

313,540

334,375

319,154

238,592

216,432

204,925

203,882

195,306

190,505

146,346

131,944

118,211

126,281

118,151

116,219

123,903

162,007

177,249

174,750

154,669

162,291

163,388

168,333

153,821

151,566

131,088

137,252

125,157

129,884

124,085

119,695

128,487

108,105

96,958

80,979

77,932

75,960

74,131

67,598

75,451

83,855

93,618

89,680

94,950

103,765

109,926

105,322

111,601

96,852

95,477

93,930

86,130

79,396

67,020

52,716

49,420

40,523

35,673

38,662

29,592

33,192

36,224

26,000

24,987

21,471

21,241

19,014

18,220

18,488

7,906

Other Current Assets

0
0
0
2,002
2,698
9,210
18,814
3,690
5,193
18,690
7,000
7,727
9,298
11,897
9,690
12,391
20,412
22,956
26,358
34,910
33,728
27,578
21,929
27,666
28,969
31,522
28,165
32,567
33,936
14,312
25,107
25,672
9,296
7,931
6,280
8,562
5,064
5,669
5,068
15,138
6,138
6,636
3,849
3,849
5,800
5,353
4,757
5,713
29,290
34,161
6,064
9,807
12,548
9,614
8,359
9,211
8,600
8,819
10,510
29,193
27,726
34,064
32,108
33,932
55,311
46,604
43,869
65,347
43,710
52,180
51,724
71,047
87,222
70,188
16,892
23,646
23,255
22,629
25,458
34,535
31,733
31,054
36,978
48,892
247,050
36,132
42,231
55,134
56,672
59,140
40,203
81,054,000
75,074,000
75,161,000
62,520
98,625,000
146,320,000
101,149,000
163,781
56,550
44,815
35,939
35,613
44,689
66,318
67,585
36,433
31,687
31,312
78,884
64,106
69,009
73,251
71,249
71,443
77,930
97,083
104,082
72,454

72,454

104,082

97,083

77,930

71,443

71,249

73,251

69,009

64,106

78,884

31,312

31,687

36,433

67,585

66,318

44,689

35,613

35,939

44,815

56,550

163,781

101,149,000

146,320,000

98,625,000

62,520

75,161,000

75,074,000

81,054,000

40,203

59,140

56,672

55,134

42,231

36,132

247,050

48,892

36,978

31,054

31,733

34,535

25,458

22,629

23,255

23,646

16,892

70,188

87,222

71,047

51,724

52,180

43,710

65,347

43,869

46,604

55,311

33,932

32,108

34,064

27,726

29,193

10,510

8,819

8,600

9,211

8,359

9,614

12,548

9,807

6,064

34,161

29,290

5,713

4,757

5,353

5,800

3,849

6,636

6,138

15,138

5,068

5,669

5,064

8,562

6,280

7,931

9,296

25,672

25,107

14,312

33,936

32,567

28,165

31,522

28,969

27,666

21,929

27,578

33,728

34,910

26,358

22,956

20,412

12,391

9,690

11,897

9,298

7,727

7,000

18,690

5,193

3,690

18,814

9,210

2,698

2,002

> Long-term Assets

0
0
0
63,049
73,353
75,984
79,757
90,351
97,670
156,616
172,203
173,095
187,854
200,246
205,598
213,740
275,557
340,027
354,527
374,813
384,941
404,872
448,592
454,903
467,694
490,430
533,555
554,730
544,317
476,736
410,176
391,981
246,978
245,755
266,159
264,465
152,852
176,171
183,690
211,751
214,352
268,421
280,846
280,846
355,260
355,574
354,119
355,389
350,643
343,188
327,025
321,467
332,601
338,094
347,260
349,980
348,312
340,406
353,495
344,426
340,469
348,956
402,274
445,943
542,875
584,066
664,224
698,546
698,580
729,470
757,333
912,452
900,144
895,214
882,794
897,058
894,204
878,123
924,720
1,083,342
1,094,724
1,138,706
1,096,648
1,074,405
1,106,234
1,089,871
1,081,505
1,079,622
1,070,441
1,101,467
1,087,796
1,094,218,000
1,098,604,000
1,085,044,000
1,156,121
1,148,332,000
1,193,076,000
1,166,495,000
1,021,719
1,264,886
1,251,413
1,238,053
1,216,410
1,174,991
1,174,919
1,175,952
648,169
1,015,192
1,003,952
3,042,535
3,069,633
3,029,455
3,031,855
2,949,629
2,962,377
2,927,816
2,897,486
2,868,429
2,741,981

2,741,981

2,868,429

2,897,486

2,927,816

2,962,377

2,949,629

3,031,855

3,029,455

3,069,633

3,042,535

1,003,952

1,015,192

648,169

1,175,952

1,174,919

1,174,991

1,216,410

1,238,053

1,251,413

1,264,886

1,021,719

1,166,495,000

1,193,076,000

1,148,332,000

1,156,121

1,085,044,000

1,098,604,000

1,094,218,000

1,087,796

1,101,467

1,070,441

1,079,622

1,081,505

1,089,871

1,106,234

1,074,405

1,096,648

1,138,706

1,094,724

1,083,342

924,720

878,123

894,204

897,058

882,794

895,214

900,144

912,452

757,333

729,470

698,580

698,546

664,224

584,066

542,875

445,943

402,274

348,956

340,469

344,426

353,495

340,406

348,312

349,980

347,260

338,094

332,601

321,467

327,025

343,188

350,643

355,389

354,119

355,574

355,260

280,846

268,421

214,352

211,751

183,690

176,171

152,852

264,465

266,159

245,755

246,978

391,981

410,176

476,736

544,317

554,730

533,555

490,430

467,694

454,903

448,592

404,872

384,941

374,813

354,527

340,027

275,557

213,740

205,598

200,246

187,854

173,095

172,203

156,616

97,670

90,351

79,757

75,984

73,353

63,049

Property Plant Equipment

0
0
0
12,310
18,488
20,823
23,017
32,012
35,553
53,571
70,901
72,449
77,381
82,678
57,743
92,831
103,659
114,378
84,004
109,233
114,915
131,094
107,708
168,181
179,559
186,561
105,445
200,527
203,010
166,349
69,050
103,575
87,378
82,231
48,504
82,757
59,397
59,592
80,152
46,543
48,364
54,482
55,365
55,365
62,702
62,626
63,528
65,275
39,699
43,403
44,425
44,536
42,594
46,428
47,440
47,591
48,018
45,451
44,021
40,798
38,406
36,547
35,375
36,327
37,073
35,826
41,053
42,541
41,616
47,093
47,737
52,352
51,775
51,852
52,914
50,816
52,597
51,942
52,071
50,540
50,709
61,124
60,240
59,598
59,206
62,109
63,557
64,755
66,763
73,868
78,377
82,228,000
88,010,000
91,153,000
90,306
85,370,000
91,015,000
90,249,000
88,189
332,099
321,368
317,083
304,676
291,961
309,017
315,270
93,366
292,503
279,747
453,393
416,522
429,570
423,215
407,102
372,445
355,602
329,662
326,560
332,103

332,103

326,560

329,662

355,602

372,445

407,102

423,215

429,570

416,522

453,393

279,747

292,503

93,366

315,270

309,017

291,961

304,676

317,083

321,368

332,099

88,189

90,249,000

91,015,000

85,370,000

90,306

91,153,000

88,010,000

82,228,000

78,377

73,868

66,763

64,755

63,557

62,109

59,206

59,598

60,240

61,124

50,709

50,540

52,071

51,942

52,597

50,816

52,914

51,852

51,775

52,352

47,737

47,093

41,616

42,541

41,053

35,826

37,073

36,327

35,375

36,547

38,406

40,798

44,021

45,451

48,018

47,591

47,440

46,428

42,594

44,536

44,425

43,403

39,699

65,275

63,528

62,626

62,702

55,365

54,482

48,364

46,543

80,152

59,592

59,397

82,757

48,504

82,231

87,378

103,575

69,050

166,349

203,010

200,527

105,445

186,561

179,559

168,181

107,708

131,094

114,915

109,233

84,004

114,378

103,659

92,831

57,743

82,678

77,381

72,449

70,901

53,571

35,553

32,012

23,017

20,823

18,488

12,310

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
288,406
0
0
0
0
0
0
0
0
0
0
0
146,494
194
195
195,026
196,981
197,921
199,340
203,693
199,381
207,924
219,709
217,726
224,240
227,772
227,294
238,214
237,270
239,534
253,284
301,632
338,142
415,541
458,170
514,488
545,902
546,257
577,802
605,244
738,233
736,886
718,196
720,071
718,471
715,717
711,336
744,333
873,855
882,667
928,209
851,373
838,857
878,366
869,869
870,301
877,167
876,644
868,483
844,759
846,124,000
851,135,000
839,361,000
835,935
832,510,000
857,140,000
843,180,000
740,955
742,775
743,582
740,955
740,674
725,390
706,946
710,013
351,725
669,060
671,542
1,619,272
1,682,397
1,651,475
1,668,892
1,615,694
1,566,956
1,569,532
1,578,832
1,572,489
1,498,815

1,498,815

1,572,489

1,578,832

1,569,532

1,566,956

1,615,694

1,668,892

1,651,475

1,682,397

1,619,272

671,542

669,060

351,725

710,013

706,946

725,390

740,674

740,955

743,582

742,775

740,955

843,180,000

857,140,000

832,510,000

835,935

839,361,000

851,135,000

846,124,000

844,759

868,483

876,644

877,167

870,301

869,869

878,366

838,857

851,373

928,209

882,667

873,855

744,333

711,336

715,717

718,471

720,071

718,196

736,886

738,233

605,244

577,802

546,257

545,902

514,488

458,170

415,541

338,142

301,632

253,284

239,534

237,270

238,214

227,294

227,772

224,240

217,726

219,709

207,924

199,381

203,693

199,340

197,921

196,981

195,026

195

194

146,494

288,406

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,556
6,586
6,761
6,824
6,161
0
0
0
13,896
0
0
0
0
0
0
0
0
0
0
0
0

13,896

6,161

6,824

6,761

6,586

6,556

Intangible Assets

0
0
0
45,536
50,468
51,457
52,638
58,339
62,117
102,345
101,302
100,646
110,473
117,568
117,684
120,910
171,998
225,649
245,875
265,580
269,926
273,878
289,089
286,722
288,135
303,868
340,015
354,204
341,307
310,386
290,673
0
159,599
163,524
186,025
181,707
78,346
100,763
103,538
129,917
129,029
185,366
193,767
193,767
255,589
254,475
252,165
53,272
50,999
50,130
48,933
47,696
49,955
40,132
55,399
51,010
47,566
44,347
46,852
43,257
39,888
37,662
34,715
39,765
57,164
57,135
67,133
65,473
60,404
58,281
57,980
74,113
65,116
75,985
63,243
58,569
55,483
50,809
56,262
72,800
68,817
65,575
86,121
77,365
83,494
74,833
72,382
67,493
61,418
92,975
85,071
80,968,000
78,813,000
74,685,000
70,605
66,353,000
82,465,000
75,115,000
67,765
64,858
60,848
56,734
54,893
50,640
48,904
46,600
186,035
30,784
29,405
945,081
937,695
914,829
904,812
879,049
907,529
888,455
868,928
844,004
818,220

818,220

844,004

868,928

888,455

907,529

879,049

904,812

914,829

937,695

945,081

29,405

30,784

186,035

46,600

48,904

50,640

54,893

56,734

60,848

64,858

67,765

75,115,000

82,465,000

66,353,000

70,605

74,685,000

78,813,000

80,968,000

85,071

92,975

61,418

67,493

72,382

74,833

83,494

77,365

86,121

65,575

68,817

72,800

56,262

50,809

55,483

58,569

63,243

75,985

65,116

74,113

57,980

58,281

60,404

65,473

67,133

57,135

57,164

39,765

34,715

37,662

39,888

43,257

46,852

44,347

47,566

51,010

55,399

40,132

49,955

47,696

48,933

50,130

50,999

53,272

252,165

254,475

255,589

193,767

185,366

129,029

129,917

103,538

100,763

78,346

181,707

186,025

163,524

159,599

290,673

310,386

341,307

354,204

340,015

303,868

288,135

286,722

289,089

273,878

269,926

265,580

245,875

225,649

171,998

120,910

117,684

117,568

110,473

100,646

101,302

102,345

62,117

58,339

52,638

51,457

50,468

45,536

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
104,069
231,706
22,845
23,258
24,789
33,019
33,581
34,936
47,784
115,447
0
120,064
0
0

120,064

115,447

47,784

34,936

33,581

33,019

24,789

23,258

22,845

231,706

104,069

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
92,741
92,439
92,439
92,439
85,988
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

85,988

92,439

92,741

> Total Liabilities

0
0
0
42,633
55,964
61,868
69,850
68,611
66,012
144,822
186,004
196,475
189,954
193,447
200,003
216,738
300,372
354,562
348,088
380,214
410,809
421,259
472,916
458,011
478,270
537,533
553,683
568,243
573,815
569,555
482,595
483,732
279,640
262,882
278,126
283,255
199,197
194,713
226,676
281,329
231,581
244,808
249,779
249,779
314,054
314,977
310,683
317,350
326,746
357,323
322,534
338,693
348,181
348,311
367,846
389,365
404,755
378,244
379,436
445,612
447,860
480,046
510,373
530,520
673,221
739,863
822,482
884,014
779,230
854,245
961,254
1,236,261
1,305,285
1,271,587
1,429,755
1,550,086
1,534,540
1,544,407
1,701,839
1,820,311
1,937,037
1,979,972
1,997,470
2,039,044
2,270,831
2,065,264
2,077,323
2,096,764
2,138,866
2,154,193
2,079,938
1,990,372,000
1,986,337,000
1,946,673,000
1,791,519
1,836,394,000
1,886,203,000
1,850,471,000
1,806,994
2,007,392
1,970,626
1,926,024
2,018,881
2,043,613
1,890,055
1,876,481
615,312
1,966,296
1,994,870
2,902,391
3,134,455
3,109,755
3,117,937
3,078,638
3,009,587
2,949,483
3,062,715
3,105,870
2,930,983

2,930,983

3,105,870

3,062,715

2,949,483

3,009,587

3,078,638

3,117,937

3,109,755

3,134,455

2,902,391

1,994,870

1,966,296

615,312

1,876,481

1,890,055

2,043,613

2,018,881

1,926,024

1,970,626

2,007,392

1,806,994

1,850,471,000

1,886,203,000

1,836,394,000

1,791,519

1,946,673,000

1,986,337,000

1,990,372,000

2,079,938

2,154,193

2,138,866

2,096,764

2,077,323

2,065,264

2,270,831

2,039,044

1,997,470

1,979,972

1,937,037

1,820,311

1,701,839

1,544,407

1,534,540

1,550,086

1,429,755

1,271,587

1,305,285

1,236,261

961,254

854,245

779,230

884,014

822,482

739,863

673,221

530,520

510,373

480,046

447,860

445,612

379,436

378,244

404,755

389,365

367,846

348,311

348,181

338,693

322,534

357,323

326,746

317,350

310,683

314,977

314,054

249,779

244,808

231,581

281,329

226,676

194,713

199,197

283,255

278,126

262,882

279,640

483,732

482,595

569,555

573,815

568,243

553,683

537,533

478,270

458,011

472,916

421,259

410,809

380,214

348,088

354,562

300,372

216,738

200,003

193,447

189,954

196,475

186,004

144,822

66,012

68,611

69,850

61,868

55,964

42,633

> Total Current Liabilities

0
0
0
21,617
26,383
31,635
39,228
28,122
32,057
51,372
46,801
49,570
44,189
48,087
56,345
57,857
67,739
89,618
95,573
104,832
103,573
109,112
136,450
142,807
129,006
159,405
167,375
153,920
140,658
142,299
151,267
149,334
117,871
107,430
122,286
125,597
112,326
115,516
124,564
191,698
182,231
186,483
192,881
192,881
188,657
259,032
253,131
260,659
270,133
297,502
271,515
287,436
214,179
185,837
195,802
201,885
228,636
201,120
187,835
186,956
233,040
258,875
242,397
239,134
296,119
348,517
352,671
347,016
303,013
353,743
426,300
627,549
651,130
610,977
688,833
687,359
699,767
698,659
690,322
705,645
819,214
825,091
821,504
849,680
1,137,088
853,868
912,624
765,974
813,865
859,998
802,821
812,415,000
815,399,000
753,106,000
775,630
748,670,000
772,480,000
744,953,000
742,536
729,013
731,856
708,887
819,645
720,479
624,149
688,517
336,958
715,890
720,466
1,070,577
1,289,302
1,248,399
1,135,388
1,182,769
1,349,802
1,250,185
1,186,328
1,204,197
1,374,329

1,374,329

1,204,197

1,186,328

1,250,185

1,349,802

1,182,769

1,135,388

1,248,399

1,289,302

1,070,577

720,466

715,890

336,958

688,517

624,149

720,479

819,645

708,887

731,856

729,013

742,536

744,953,000

772,480,000

748,670,000

775,630

753,106,000

815,399,000

812,415,000

802,821

859,998

813,865

765,974

912,624

853,868

1,137,088

849,680

821,504

825,091

819,214

705,645

690,322

698,659

699,767

687,359

688,833

610,977

651,130

627,549

426,300

353,743

303,013

347,016

352,671

348,517

296,119

239,134

242,397

258,875

233,040

186,956

187,835

201,120

228,636

201,885

195,802

185,837

214,179

287,436

271,515

297,502

270,133

260,659

253,131

259,032

188,657

192,881

186,483

182,231

191,698

124,564

115,516

112,326

125,597

122,286

107,430

117,871

149,334

151,267

142,299

140,658

153,920

167,375

159,405

129,006

142,807

136,450

109,112

103,573

104,832

95,573

89,618

67,739

57,857

56,345

48,087

44,189

49,570

46,801

51,372

32,057

28,122

39,228

31,635

26,383

21,617

Short-term Debt

0
0
0
0
0
0
0
6,183
6,092
17,691
2,700
3,010
2,999
2,999
3,197
3,298
3,202
3,408
3,722
6,202
8,656
9,792
11,048
12,104
13,460
12,077
6,588
5,832
8,800
7,216
7,568
3,969
4,781
3,140
4,097
3,955
4,618
11,871
18,646
31,554
36,972
16,263
9,244
9,244
10,844
84,117
79,810
71,083
73,682
91,050
51,087
78,884
704
1,777
1,796
1,855
1,896
1,599
1,546
1,519
40,183
43,059
1,456
1,308
1,502
1,385
1,667
1,584
1,575
1,481
1,238
1,293
1,267
1,871
1,858
1,337
1,345
784
467
424
617
650
534
532
515
508
470
415
361
260
228
260,000
289,000
300,000
313
322,000
355,000
360,000
356
44,129
46,338
47,722
0
48,022
38,377
40,038
20,573
41,229
41,400
74,162
72,922
70,356
68,785
73,659
76,349
75,939
76,494
67,976
65,899

65,899

67,976

76,494

75,939

76,349

73,659

68,785

70,356

72,922

74,162

41,400

41,229

20,573

40,038

38,377

48,022

47,722

46,338

44,129

356

360,000

355,000

322,000

313

300,000

289,000

260,000

228

260

361

415

470

508

515

532

534

650

617

424

467

784

1,345

1,337

1,858

1,871

1,267

1,293

1,238

1,481

1,575

1,584

1,667

1,385

1,502

1,308

1,456

43,059

40,183

1,519

1,546

1,599

1,896

1,855

1,796

1,777

704

78,884

51,087

91,050

73,682

71,083

79,810

84,117

10,844

9,244

16,263

36,972

31,554

18,646

11,871

4,618

3,955

4,097

3,140

4,781

3,969

7,568

7,216

8,800

5,832

6,588

12,077

13,460

12,104

11,048

9,792

8,656

6,202

3,722

3,408

3,202

3,298

3,197

2,999

3,010

2,700

17,691

6,092

6,183

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
994
0
0
0
0
0
0
0
0
0
0
0
0

994

Accounts payable

0
0
0
16,813
17,589
19,021
16,712
21,441
25,666
33,182
41,901
45,055
40,290
43,588
48,852
50,262
62,436
78,691
84,507
89,327
84,769
89,727
111,781
117,901
103,277
134,634
149,898
133,555
118,904
121,289
128,766
126,466
100,039
91,567
107,063
105,493
84,730
83,306
91,289
132,162
125,511
68,161
77,425
77,425
69,842
67,496
63,452
111,267
76,454
69,686
90,588
68,753
97,224
68,172
65,839
58,756
147,122
64,662
75,360
66,353
79,692
79,364
77,450
69,967
88,721
97,478
131,074
105,830
101,357
114,177
178,282
291,795
322,970
311,023
356,847
209,241
232,115
213,016
246,694
214,568
289,505
268,819
316,285
251,892
303,152
293,491
359,568
313,183
308,909
331,330
251,456
252,146,000
266,568,000
232,704,000
244,527
202,724,000
207,983,000
219,757,000
221,995
214,694
228,069
178,946
200,148
153,491
148,349
128,643
147,826
209,679
158,136
277,385
271,769
248,619
254,650
294,402
357,253
308,759
338,613
306,956
414,980

414,980

306,956

338,613

308,759

357,253

294,402

254,650

248,619

271,769

277,385

158,136

209,679

147,826

128,643

148,349

153,491

200,148

178,946

228,069

214,694

221,995

219,757,000

207,983,000

202,724,000

244,527

232,704,000

266,568,000

252,146,000

251,456

331,330

308,909

313,183

359,568

293,491

303,152

251,892

316,285

268,819

289,505

214,568

246,694

213,016

232,115

209,241

356,847

311,023

322,970

291,795

178,282

114,177

101,357

105,830

131,074

97,478

88,721

69,967

77,450

79,364

79,692

66,353

75,360

64,662

147,122

58,756

65,839

68,172

97,224

68,753

90,588

69,686

76,454

111,267

63,452

67,496

69,842

77,425

68,161

125,511

132,162

91,289

83,306

84,730

105,493

107,063

91,567

100,039

126,466

128,766

121,289

118,904

133,555

149,898

134,634

103,277

117,901

111,781

89,727

84,769

89,327

84,507

78,691

62,436

50,262

48,852

43,588

40,290

45,055

41,901

33,182

25,666

21,441

16,712

19,021

17,589

16,813

Other Current Liabilities

0
0
0
4,804
8,794
12,614
22,516
499
300
500
2,200
1,505
900
1,500
4,296
4,297
2,101
7,518
7,344
9,303
10,148
9,592
13,621
12,802
12,269
12,695
10,889
14,533
12,955
0
14,932
0
0
-1
0
-1
9,314
5,344
1,113
27,982
791
102,059
106,212
106,212
107,971
107,419
109,869
78,309
119,997
136,766
129,840
139,799
116,251
115,888
128,167
141,274
79,618
66,007
110,929
119,084
113,165
136,452
163,491
167,859
205,896
249,654
219,930
239,602
86,068
116,928
246,780
166,570
169,520
170,447
198,220
331,816
328,483
329,973
293,621
310,603
336,186
348,458
362,077
424,152
676,763
425,002
433,486
316,260
345,316
380,056
417,212
560,009,000
548,542,000
520,102,000
530,790
545,624,000
564,142,000
524,836,000
520,185
299,039
289,307
312,362
447,755
372,163
301,227
362,735
102,141
294,823
309,682
432,240
582,726
585,299
495,299
474,033
579,166
530,554
464,751
493,665
591,776

591,776

493,665

464,751

530,554

579,166

474,033

495,299

585,299

582,726

432,240

309,682

294,823

102,141

362,735

301,227

372,163

447,755

312,362

289,307

299,039

520,185

524,836,000

564,142,000

545,624,000

530,790

520,102,000

548,542,000

560,009,000

417,212

380,056

345,316

316,260

433,486

425,002

676,763

424,152

362,077

348,458

336,186

310,603

293,621

329,973

328,483

331,816

198,220

170,447

169,520

166,570

246,780

116,928

86,068

239,602

219,930

249,654

205,896

167,859

163,491

136,452

113,165

119,084

110,929

66,007

79,618

141,274

128,167

115,888

116,251

139,799

129,840

136,766

119,997

78,309

109,869

107,419

107,971

106,212

102,059

791

27,982

1,113

5,344

9,314

-1

14,932

12,955

14,533

10,889

12,695

12,269

12,802

13,621

9,592

10,148

9,303

7,344

7,518

2,101

4,297

4,296

1,500

900

1,505

2,200

500

300

499

22,516

12,614

8,794

4,804

> Long-term Liabilities

0
0
0
21,016
29,581
30,233
30,622
40,488
33,955
93,450
139,203
146,905
145,764
145,361
143,659
158,881
232,633
264,944
252,515
275,383
307,236
312,147
336,466
315,204
349,264
378,128
386,308
414,323
433,157
427,256
331,328
334,398
161,769
155,452
155,840
157,658
86,871
79,197
102,112
89,631
49,350
58,325
56,898
56,898
125,397
55,945
57,552
56,691
56,613
59,821
51,019
51,257
134,002
162,474
172,044
187,480
176,119
177,124
191,601
258,656
214,820
221,171
267,976
291,386
377,102
391,346
469,811
536,998
476,217
500,502
534,954
608,712
654,155
660,610
740,922
862,727
834,773
845,748
1,011,517
1,114,666
1,117,823
1,154,881
1,175,966
1,189,364
1,133,743
1,211,396
1,164,699
1,330,790
1,325,001
1,294,195
1,277,117
1,177,957,000
1,170,938,000
1,193,567,000
1,015,889
1,087,724,000
1,113,723,000
1,105,518,000
1,064,458
1,278,379
1,238,770
1,217,137
1,199,236
1,323,134
1,265,906
1,187,964
278,354
1,250,406
1,274,404
1,831,814
1,845,153
1,861,356
1,982,549
1,895,869
1,659,785
1,699,298
1,876,387
1,901,673
1,556,654

1,556,654

1,901,673

1,876,387

1,699,298

1,659,785

1,895,869

1,982,549

1,861,356

1,845,153

1,831,814

1,274,404

1,250,406

278,354

1,187,964

1,265,906

1,323,134

1,199,236

1,217,137

1,238,770

1,278,379

1,064,458

1,105,518,000

1,113,723,000

1,087,724,000

1,015,889

1,193,567,000

1,170,938,000

1,177,957,000

1,277,117

1,294,195

1,325,001

1,330,790

1,164,699

1,211,396

1,133,743

1,189,364

1,175,966

1,154,881

1,117,823

1,114,666

1,011,517

845,748

834,773

862,727

740,922

660,610

654,155

608,712

534,954

500,502

476,217

536,998

469,811

391,346

377,102

291,386

267,976

221,171

214,820

258,656

191,601

177,124

176,119

187,480

172,044

162,474

134,002

51,257

51,019

59,821

56,613

56,691

57,552

55,945

125,397

56,898

58,325

49,350

89,631

102,112

79,197

86,871

157,658

155,840

155,452

161,769

334,398

331,328

427,256

433,157

414,323

386,308

378,128

349,264

315,204

336,466

312,147

307,236

275,383

252,515

264,944

232,633

158,881

143,659

145,361

145,764

146,905

139,203

93,450

33,955

40,488

30,622

30,233

29,581

21,016

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
954,229
919,050
914,092
895,379
887,630
1,014,260
922,537
860,422
0
864,850
935,072
1,265,747
1,191,601
1,222,041
1,381,560
1,329,134
1,184,707
1,235,281
1,487,430
0
0

1,487,430

1,235,281

1,184,707

1,329,134

1,381,560

1,222,041

1,191,601

1,265,747

935,072

864,850

860,422

922,537

1,014,260

887,630

895,379

914,092

919,050

954,229

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
92,741
92,439
92,439
92,439
85,988
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

85,988

92,439

92,741

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
48,006
42,635
41,519
36,973
35,698
36,710
25,172
0
25,352
24,639
29,787
43,364
44,233
49,697
65,817
39,111
32,517
28,129
0
0

28,129

32,517

39,111

65,817

49,697

44,233

43,364

29,787

24,639

25,352

25,172

36,710

35,698

36,973

41,519

42,635

48,006

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45,263
111,400
118,829
82,882
208,232
321,713
300,147
273,312
258,573
181,029
0
125,069
0
0

125,069

181,029

258,573

273,312

300,147

321,713

208,232

82,882

118,829

111,400

45,263

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,329
5,329
6,571
7,486
4,187
0
0
0
1,100
1,000
900
134,288
103,093
78,401
80,311
103,243
40,109
43,023
46,783
0
0

46,783

43,023

40,109

103,243

80,311

78,401

103,093

134,288

900

1,000

1,100

4,187

7,486

6,571

5,329

> Total Stockholder Equity

0
0
0
46,736
50,268
52,758
51,837
55,746
72,104
72,761
77,201
91,715
91,278
91,875
81,919
85,236
85,649
94,831
128,773
136,641
142,475
147,680
148,699
165,609
162,602
159,882
167,954
164,923
140,235
46,903
84,662
68,425
87,412
94,511
96,951
93,491
96,525
120,626
119,202
108,332
150,939
146,714
143,024
143,024
152,645
152,950
152,148
150,511
143,473
129,849
124,414
118,330
121,590
120,684
127,933
124,385
122,023
124,408
127,181
90,473
95,624
96,959
90,326
81,634
73,733
58,983
59,061
57,916
51,648
17,224
-52,456
-83,657
-92,048
-97,718
-142,832
-189,588
-187,323
-220,723
-329,700
-360,441
-363,603
-383,548
-441,235
-482,564
-503,950
-528,076
-566,152
-605,944
-584,417
-578,590
-568,193
-424,102,000
-399,038,000
-388,934,000
-92,627
-189,662,000
-153,336,000
-177,940,000
-195,421
-214,496
-212,238
-214,251
-219,647
-212,506
-224,761
-210,742
358,756
-445,619
-448,067
385,980
381,617
369,480
344,299
290,417
482,537
487,094
323,891
330,817
356,695

356,695

330,817

323,891

487,094

482,537

290,417

344,299

369,480

381,617

385,980

-448,067

-445,619

358,756

-210,742

-224,761

-212,506

-219,647

-214,251

-212,238

-214,496

-195,421

-177,940,000

-153,336,000

-189,662,000

-92,627

-388,934,000

-399,038,000

-424,102,000

-568,193

-578,590

-584,417

-605,944

-566,152

-528,076

-503,950

-482,564

-441,235

-383,548

-363,603

-360,441

-329,700

-220,723

-187,323

-189,588

-142,832

-97,718

-92,048

-83,657

-52,456

17,224

51,648

57,916

59,061

58,983

73,733

81,634

90,326

96,959

95,624

90,473

127,181

124,408

122,023

124,385

127,933

120,684

121,590

118,330

124,414

129,849

143,473

150,511

152,148

152,950

152,645

143,024

146,714

150,939

108,332

119,202

120,626

96,525

93,491

96,951

94,511

87,412

68,425

84,662

46,903

140,235

164,923

167,954

159,882

162,602

165,609

148,699

147,680

142,475

136,641

128,773

94,831

85,649

85,236

81,919

91,875

91,278

91,715

77,201

72,761

72,104

55,746

51,837

52,758

50,268

46,736

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
104,369
106,714
106,116
106,406
102,078
96,835
93,754
90,286
127,109
0
0
0
0
0
0
0
107,308
114,893
117,292
135,429
165,806
167,015
164,065
164,065
178,574
178,892
178,590
183,199
0
0
0
0
0
0
0
0
0
0
0
0
1
218,147
0
0
0
0
0
0
0
0
0
0
0
0
253,870
255,492
255,225
255,012
262,656
264,076
265,615
265,848
265,818
268,822
268,850
269,558
269,842
275,264
275,883
315,369
317,784
323,023,000
349,474,000
351,075,000
352,432
353,074,000
360,323,000
362,195,000
58,579
98,693
97,455
98,364
101,469
99,587
98,234
106,037
357,694
106,193
97,783
169,616
120
137
137
137
134
132
118
118
120

120

118

132

134

137

120

169,616

97,783

106,193

357,694

106,037

98,234

99,587

101,469

98,364

97,455

98,693

58,579

362,195,000

360,323,000

353,074,000

352,432

351,075,000

349,474,000

323,023,000

317,784

315,369

275,883

275,264

269,842

269,558

268,850

268,822

265,818

265,848

265,615

264,076

262,656

255,012

255,225

255,492

253,870

218,147

183,199

178,590

178,892

178,574

164,065

167,015

165,806

135,429

117,292

114,893

107,308

127,109

90,286

93,754

96,835

102,078

106,406

106,116

106,714

104,369

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-464,903
-465,016
-460,726
-462,483
-469,593
-468,508
-480,368
-476,293
0
-704,741
-698,635
-6,153
-6,982
6,668
10,268
6,573
29,445
30,324
27,496
0
0

27,496

30,324

29,445

6,573

10,268

6,668

-6,982

-6,153

-698,635

-704,741

-476,293

-480,368

-468,508

-469,593

-462,483

-460,726

-465,016

-464,903

Accumulated Other Comprehensive Income

0
0
0
-10,308
-10,293
-10,311
-10,307
-15,158
-15,180
-15,192
-24,200
-24,283
-24,194
-24,193
-29,071
-29,078
-29,117
-29,171
-58,149
-57,817
-57,507
-57,753
-77,701
-77,644
-77,722
-77,809
-88,784
-84,474
-87,963
-84,420
-63,636
-63,519
-66,803
-63,833
-47,028
-50,441
-54,966
-46,989
-53,336
-55,512
-56,585
-59,457
-58,343
-58,343
1,000
2,000
3,000
2,000
4,000
2,000
1,000
1,000
4,000
6,000
6,000
3,000
3,000
1,000
-7,000
-8,000
-7,000
-6,000
-6,000
-4,000
-5,000
-5,000
-4,000
-3,000
-3,000
-6,000
-5,000
-3,000
-4,000
-1,000
-7,000
-8,000
-9,000
-8,000
-1,000
1,000
-1,000
2,000
-8,000
-97,271
-2,000
6,000
6,000
-4,000
-6,000
-3,000
-2,000
-2,021,000
-2,477,000
-5,593,000
0
1,425,000
481,000
-1,319,000
0
-133,879
-2,000
-3,000
-4,000
4,000
5,000
7,000
1,062
183
39
12,537
-12,720
-10,625
-34,451
-64,956
-38,941
-13,253
-13,244
-18,813
-13,067

-13,067

-18,813

-13,244

-13,253

-38,941

-64,956

-34,451

-10,625

-12,720

12,537

183

1,062

7,000

5,000

4,000

-4,000

-3,000

-2,000

-133,879

-1,319,000

481,000

1,425,000

-5,593,000

-2,477,000

-2,021,000

-2,000

-3,000

-6,000

-4,000

6,000

-2,000

-97,271

-8,000

2,000

-1,000

1,000

-1,000

-8,000

-9,000

-8,000

-7,000

-1,000

-4,000

-3,000

-5,000

-6,000

-3,000

-4,000

-5,000

-4,000

-6,000

-7,000

-8,000

-7,000

1,000

3,000

6,000

4,000

1,000

2,000

4,000

2,000

3,000

2,000

1,000

-58,343

-59,457

-56,585

-55,512

-53,336

-46,989

-54,966

-50,441

-47,028

-63,833

-66,803

-63,519

-63,636

-84,420

-87,963

-84,474

-88,784

-77,809

-77,722

-77,644

-77,701

-57,753

-57,507

-57,817

-58,149

-29,171

-29,117

-29,078

-29,071

-24,193

-24,194

-24,283

-24,200

-15,192

-15,180

-15,158

-10,307

-10,311

-10,293

-10,308

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
51,740
54,165
55,461
56,240
61,829
78,595
79,058
88,602
112,788
112,173
112,369
114,387
116,013
114,365
121,596
181,992
186,356
83,774
83,233
100,475
101,871
102,101
102,858
117,685
114,530
81,772
204,874
194,563
185,685
191,975
191,202
175,863
177,511
71,994
72,636
82,506
54,581
68,301
75,468
82,385
82,385
22,901
23,585
23,633
23,519
208,184
209,470
210,028
212,741
215,601
219,468
234,902
237,748
239,858
240,993
247,017
211,280
215,355
-2,494
227,486
226,982
225,884
222,052
209,796
216,336
208,608
196,758
183,818
176,898
189,621
195,447
-72,989
-77,209
-83,493
-96,480
-125,780
-151,095
-170,266
-188,522
-209,420
-132,391
-278,636
-302,866
-315,004
-326,925
-305,190
-308,319
-309,045
-152,690,000
-164,874,000
-171,748,000
-105,059
-173,575,000
-146,960,000
-155,511,000
210,903
285,706
153,033
152,868
152,477
152,415
152,373
152,514
223,611
152,746
39
169,537
382,893
373,300
368,345
348,663
491,899
469,891
309,521
324,926
348,494

348,494

324,926

309,521

469,891

491,899

348,663

368,345

373,300

382,893

169,537

152,746

223,611

152,514

152,373

152,415

152,477

152,868

153,033

285,706

210,903

-155,511,000

-146,960,000

-173,575,000

-105,059

-171,748,000

-164,874,000

-152,690,000

-309,045

-308,319

-305,190

-326,925

-315,004

-302,866

-278,636

-132,391

-209,420

-188,522

-170,266

-151,095

-125,780

-96,480

-83,493

-77,209

-72,989

195,447

189,621

176,898

183,818

196,758

208,608

216,336

209,796

222,052

225,884

226,982

227,486

-2,494

215,355

211,280

247,017

240,993

239,858

237,748

234,902

219,468

215,601

212,741

210,028

209,470

208,184

23,519

23,633

23,585

22,901

82,385

75,468

68,301

54,581

82,506

72,636

71,994

177,511

175,863

191,202

191,975

185,685

194,563

204,874

81,772

114,530

117,685

102,858

102,101

101,871

100,475

83,233

83,774

186,356

181,992

121,596

114,365

116,013

114,387

112,369

112,173

112,788

88,602

79,058

78,595

61,829

56,240

55,461

54,165

51,740

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Accounts Payable	414,980	357,253	271,769	147,826	139,507	221,995	244,527	251,456	359,568	316,285	246,694	356,847	178,282	131,074	77,450	75,360	65,839	90,588	63,452	77,425	91,289	107,063	128,766	149,898	111,781	84,507	48,852	41,901	19,694	16,813	-	-	-
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	-	-	-
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	-	-	-
Accumulated Other Comprehensive Income	-13,067	-38,941	-12,720	1,062	-4,269	4,720	-1,954	-2,000	6,000	-8,000	-1,000	-7,000	-5,000	-4,000	-6,000	-7,000	6,000	1,000	3,000	-58,343	-53,336	-47,028	-63,636	-88,784	-77,701	-58,149	-29,071	-24,200	-15,196	-10,308	-	-	-
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	-	-	-
Capital Lease Obligations	347,206	370,398	401,250	72,185	84,951	0	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	120	134	120	357,694	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash	119,737	220,589	184,009	91,957	63,860	30,873	46,179	27,921	61,458	119,767	102,007	60,330	8,096	10,949	51,926	41,331	10,410	6,591	12,923	22,673	71,879	37,867	37,250	40,700	24,379	11,368	-899	30,101	-2,599	6,105	-	-	-
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	-	-	-
Cash And Short Term Investments	119,737	220,589	184,009	91,957	63,860	30,873	46,179	27,921	61,458	119,767	102,007	60,330	8,096	10,949	51,926	41,331	10,410	6,591	12,923	22,673	71,879	37,867	37,250	40,700	24,379	11,368	-899	30,101	-2,599	6,105	-	-	-
Common Stock	120	134	120	357,694	101,469	58,579	352,432	317,784	269,842	265,818	262,656	253,870	0	0	0	0	0	0	178,590	164,065	117,292	0	0	93,754	106,116	0	0	0	0	0	-	-	-
Common Stock Shares Outstanding	122,170	296,596	90,426	73,533	69,132	57,219	55,482	51,346	49,875	49,545	47,108	46,090	43,681	42,242	41,095	41,145	37,501	35,813	34,948	34,227	33,802	38,253	25,329	25,068	26,610	24,566	17,227	18,211	15,557	12,925	11,200	7,400	3,900
Common Stock Total Equity	0	492,033	383,013	104,367	101,469	58,579	0	317,784	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Current Deferred Revenue	301,674	337,034	361,885	66,418	57,864	0	0	133,925	119,100	142,608	149,540	131,908	122,021	0	0	0	0	0	0	0	13,516	11,126	0	0	0	0	0	0	0	0	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	85,988	92,741	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	40,109	103,093	1,100	4,187	5,329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Good Will	1,498,815	1,566,956	1,682,397	351,725	325,185	740,955	835,935	844,759	870,301	851,373	744,333	720,071	605,244	514,488	301,632	238,214	217,726	203,693	195,026	146,494	0	0	0	0	0	0	0	0	0	0	-	-	-
Intangible Assets	818,220	907,529	937,695	186,035	196,567	67,765	70,605	85,071	72,382	86,121	56,262	63,243	57,980	67,133	34,715	46,852	55,399	48,933	252,165	193,767	103,538	186,025	290,673	340,015	289,089	245,875	117,684	101,302	56,184	45,536	-	-	-
Inventory	0	0	0	500	0	42,369	0	0	0	0	0	0	0	0	0	0	0	0	10,359	10,792	6,795	7,019	14,625	30,804	36,942	34,205	30,270	28,801	20,694	10,608	-	-	-
Liabilities And Stockholders Equity	3,767,047	3,993,332	4,077,750	1,013,855	950,789	1,611,573	1,698,892	1,511,745	1,511,171	1,556,235	1,372,139	1,286,923	908,798	881,543	600,699	506,617	495,779	446,948	462,831	392,803	345,878	384,922	576,838	721,637	621,614	476,861	283,321	264,105	134,662	89,370	-	-	-
Long Term Debt	1,145,828	1,184,707	1,195,112	198,024	887,630	954,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Debt Total	0	1,184,707	1,191,601	0	887,630	954,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Investments	0	0	0	13,896	6,161	6,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
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	-	-	-
Net Debt	1,373,297	1,334,516	1,412,353	179,246	180,545	923,712	836,940	908,515	680,050	623,360	563,121	371,373	377,078	275,267	166,020	140,167	154,344	88,863	114,056	36,891	48,879	122,068	301,646	338,426	323,135	244,970	147,755	111,902	62,982	17,113	-	-	-
Net Invested Capital	1,502,523	1,667,244	1,576,729	557,774	476,414	0	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	832,875	738,923	760,002	236,796	217,648	395,200	434,072	421,458	405,056	395,497	373,042	384,929	238,592	195,306	118,211	123,903	154,669	153,821	125,157	119,695	80,979	67,598	89,680	105,322	93,930	52,716	38,662	26,000	11,797	7,906	-	-	-
Net Tangible Assets	0	-1,952,837	-2,238,475	-1,304,700	-1,170,163	-1,210,324	-1,210,303	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Working Capital	-349,263	-318,847	-281,185	28,728	-44,461	-152,682	-232,859	-313,239	-403,879	-269,262	-189,815	-226,682	-127,888	-102,547	-40,152	-12,091	-22,364	-105,039	-99,935	-35,872	40,157	-3,523	15,395	37,616	40,730	29,074	21,379	45,101	5,498	5,004	-	-	-
Non Current Assets Total	2,741,981	2,962,377	3,069,633	648,169	646,039	1,021,719	1,156,121	1,087,796	1,081,505	1,096,648	924,720	882,794	757,333	664,224	402,274	353,495	347,260	327,025	354,119	280,846	183,690	266,159	410,176	533,555	448,592	354,527	205,598	172,203	91,174	63,049	-	-	-
Non Current Liabilities Other	54,905	434,969	62,621	5,802	270,446	104,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Current Liabilities Total	1,556,654	1,659,785	1,845,153	278,354	253,041	1,064,458	1,015,889	1,277,117	1,164,699	1,175,966	1,011,517	740,922	534,954	469,811	267,976	191,601	172,044	51,019	57,552	56,898	102,112	155,840	331,328	386,308	336,466	252,515	143,659	139,203	42,788	21,016	-	-	-
Non Currrent Assets Other	92,843	115,447	33,019	2,787	1,094	32,069	43,950	37,796	59,898	80,156	50,923	37,234	30,992	19,947	18,010	12,482	17,520	16,642	22,369	18,831	0	12,074	50,453	88,095	51,795	24,648	30,170	0	4,099	5,204	-	-	-
Noncontrolling Interest In Consolidated Entity	0	462,097	508,287	0	40,258	64,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Assets	0	115,447	33,019	231,706	99,064	110,182	143,441	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Current Assets	72,454	71,443	64,106	36,433	23,242	163,781	62,520	40,203	42,231	36,978	25,458	16,892	51,724	43,869	32,108	10,510	8,359	6,064	4,757	3,849	5,068	6,280	25,107	28,165	21,929	26,358	9,690	7,000	13,596	2,002	-	-	-
Other Current Liab	591,776	579,166	582,726	102,141	133,358	520,185	530,790	417,212	433,486	362,077	293,621	198,220	124,759	219,930	163,491	110,929	128,167	129,840	109,869	106,212	1,113	0	14,932	10,889	13,621	7,344	4,296	2,200	700	801	-	-	-
Other Liab	0	181,029	321,713	111,400	55,470	110,351	133,083	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Stockholder Equity	348,494	491,899	401,200	193,735	193,004	154,637	-165,991	-309,045	-315,004	-209,420	-125,780	-72,989	183,818	209,796	227,486	247,017	234,902	210,028	23,633	82,385	82,506	175,863	194,563	117,685	100,475	181,992	114,387	88,602	60,283	51,740	-	-	-
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	-	-	-
Preferred Stock Total Equity	0	0	0	0	152,746	90,123	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	413,536	372,445	416,522	304,601	304,676	88,189	0	78,377	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Property Plant And Equipment Net	332,103	372,445	416,522	93,366	104,294	88,189	90,306	78,377	63,557	60,240	52,071	52,914	47,737	41,053	35,375	44,021	47,440	44,425	63,528	55,365	80,152	48,504	69,050	105,445	107,708	84,004	57,743	70,901	30,891	12,310	-	-	-
Property Plant Equipment	0	98,878	416,522	304,601	304,676	88,189	90,306	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Retained Earnings	21,148	29,445	-6,983	-709,751	-469,593	-464,903	-340,000	-574,932	-526,990	-489,633	-465,576	-316,713	-231,274	-146,735	-131,160	-112,836	-112,969	-86,614	-53,075	-45,083	-27,260	-31,884	-46,265	45,300	19,808	4,930	-3,397	12,800	7,898	5,304	-	-	-
Retained Earnings Total Equity	0	29,445	-6,982	0	-469,593	-464,903	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt	0	0	0	994	994	0	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	1,493,034	1,555,105	1,596,362	271,203	244,405	954,585	883,119	936,436	741,508	743,127	665,128	431,703	385,174	286,216	217,946	181,498	164,754	95,454	126,979	59,564	120,758	159,935	338,896	379,127	347,514	256,338	146,855	142,003	60,383	23,218	-	-	-
Short Term Debt	65,899	76,349	72,922	20,573	18,482	356	313	228	470	534	467	1,858	1,238	1,667	1,456	1,546	1,796	51,087	79,810	9,244	18,646	4,097	7,568	6,588	11,048	3,722	3,197	2,700	17,595	4,003	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
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	-	-	-
Total Assets	3,767,047	3,993,332	4,077,750	1,013,855	950,789	1,611,573	1,698,892	1,577,378	1,590,250	1,648,890	1,425,227	1,344,945	1,055,745	914,348	604,519	529,239	520,698	493,501	507,315	437,855	348,411	384,922	576,838	738,547	625,772	479,175	283,321	264,105	134,662	89,670	-	-	-
Total Current Assets	1,025,066	1,030,955	1,008,117	365,686	304,750	589,854	542,771	489,582	508,745	552,242	500,507	462,151	298,412	250,124	202,245	175,744	173,438	166,476	153,196	157,009	164,721	118,763	166,661	204,991	177,180	124,648	77,723	91,902	43,488	26,621	-	-	-
Total Current Liabilities	1,374,329	1,349,802	1,289,302	336,958	349,211	742,536	775,630	802,821	912,624	821,504	690,322	688,833	426,300	352,671	242,397	187,835	195,802	271,515	253,131	192,881	124,564	122,286	151,267	167,375	136,450	95,573	56,345	46,801	37,989	21,617	-	-	-
Total Liab	2,930,983	3,009,587	3,134,455	615,312	602,252	1,806,994	1,791,519	2,079,938	2,077,323	1,997,470	1,701,839	1,429,755	961,254	822,482	510,373	379,436	367,846	322,534	310,683	249,779	226,676	278,126	482,595	553,683	472,916	348,088	200,003	186,004	80,777	42,633	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Stockholder Equity	356,695	482,537	381,617	358,756	316,960	-246,967	-155,513	-568,193	-566,152	-441,235	-329,700	-142,832	-52,456	59,061	90,326	127,181	127,933	124,414	152,148	143,024	119,202	96,951	84,662	167,954	148,699	128,773	81,919	77,201	52,985	46,736	-	-	-
Treasury 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	-	-	-
Warrants	0	39,111	43,364	0	36,973	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31
Accounts Payable	414,980	306,956	338,613	308,759	357,253	294,402	254,650	248,619	271,769	277,385	158,136	209,679	147,826	128,643	148,349	153,491	200,148	178,946	228,069	214,694	221,995	219,757,000	207,983,000	202,724,000	244,527	232,704,000	266,568,000	252,146,000	251,456	331,330	308,909	313,183	359,568	293,491	303,152	251,892	316,285	268,819	289,505	214,568	246,694	213,016	232,115	209,241	356,847	311,023	322,970	291,795	178,282	114,177	101,357	105,830	131,074	97,478	88,721	69,967	77,450	79,364	79,692	66,353	75,360	64,662	147,122	58,756	65,839	68,172	97,224	68,753	90,588	69,686	76,454	111,267	63,452	67,496	69,842	77,425	77,425	68,161	125,511	132,162	91,289	83,306	84,730	105,493	107,063	91,567	100,039	126,466	128,766	121,289	118,904	133,555	149,898	134,634	103,277	117,901	111,781	89,727	84,769	89,327	84,507	78,691	62,436	50,262	48,852	43,588	40,290	45,055	41,901	33,182	25,666	21,441	16,712	19,021	17,589	16,813	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	-13,067	-18,813	-13,244	-13,253	-38,941	-64,956	-34,451	-10,625	-12,720	12,537	39	183	1,062	7,000	5,000	4,000	-4,000	-3,000	-2,000	-133,879	0	-1,319,000	481,000	1,425,000	0	-5,593,000	-2,477,000	-2,021,000	-2,000	-3,000	-6,000	-4,000	6,000	6,000	-2,000	-97,271	-8,000	2,000	-1,000	1,000	-1,000	-8,000	-9,000	-8,000	-7,000	-1,000	-4,000	-3,000	-5,000	-6,000	-3,000	-3,000	-4,000	-5,000	-5,000	-4,000	-6,000	-6,000	-7,000	-8,000	-7,000	1,000	3,000	3,000	6,000	6,000	4,000	1,000	1,000	2,000	4,000	2,000	3,000	2,000	1,000	-58,343	-58,343	-59,457	-56,585	-55,512	-53,336	-46,989	-54,966	-50,441	-47,028	-63,833	-66,803	-63,519	-63,636	-84,420	-87,963	-84,474	-88,784	-77,809	-77,722	-77,644	-77,701	-57,753	-57,507	-57,817	-58,149	-29,171	-29,117	-29,078	-29,071	-24,193	-24,194	-24,283	-24,200	-15,192	-15,180	-15,158	-10,307	-10,311	-10,293	-10,308	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Lease Obligations	347,206	339,261	340,382	354,917	370,398	381,821	396,462	409,524	401,250	402,210	273,211	0	72,185	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	120	118	118	132	134	137	137	137	120	210,059	250,529	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,737	98,705	105,284	138,529	220,589	165,251	93,402	135,153	184,009	115,489	108,280	113,340	91,957	37,075	85,483	221,102	106,933	27,280	27,304	26,372	30,873	25,056,000	24,999,000	29,202,000	46,179	18,861,000	20,347,000	23,186,000	27,921	21,735	16,062	21,840	61,458	15,758	34,851	17,612	119,767	48,885	72,339	17,497	102,007	63,312	77,336	71,360	60,330	72,799	71,696	35,957	8,096	7,345	5,704	6,962	10,949	40,995	47,454	21,247	51,926	70,937	57,934	46,247	41,331	17,483	18,510	5,749	10,410	7,089	9,359	4,786	6,591	4,592	5,182	5,298	12,923	11,419	16,114	22,673	22,673	16,349	48,668	59,158	71,879	52,640	44,904	32,776	37,867	30,835	28,485	36,371	37,250	11,529	14,525	20,753	40,700	35,161	20,563	18,911	24,379	13,089	20,695	8,403	11,368	5,413	16,810	10,192	-899	10,697	20,495	44,553	30,101	-7,996	-9,388	-11,568	-15,411	-4,505	-600	6,105	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,737	98,705	105,284	138,529	220,589	165,251	93,402	135,153	184,009	115,489	108,280	113,340	91,957	37,075	85,483	221,102	106,933	27,280	27,304	26,372	30,873	25,056,000	24,999,000	29,202,000	46,179	18,861,000	20,347,000	23,186,000	27,921	21,735	16,062	21,840	61,458	15,758	34,851	17,612	119,767	48,885	72,339	17,497	102,007	63,312	77,336	71,360	60,330	72,799	71,696	35,957	8,096	7,345	5,704	6,962	10,949	40,995	47,454	21,247	51,926	70,937	57,934	46,247	41,331	17,483	18,510	5,749	10,410	7,089	9,359	4,786	6,591	4,592	5,182	5,298	12,923	11,419	16,114	22,673	22,673	16,349	48,668	59,158	71,879	52,640	65,588	32,776	37,867	30,835	28,485	36,371	37,250	11,529	14,525	20,753	40,700	35,161	20,563	18,911	24,379	13,089	20,695	8,403	11,368	5,413	16,810	10,192	-899	10,697	20,495	44,553	30,101	-7,996	-9,388	-11,568	-15,411	-4,505	-600	6,105	-	-	-
Common Stock	120	118	118	132	134	137	137	137	120	169,616	97,783	106,193	357,694	106,037	98,234	99,587	101,469	98,364	97,455	98,693	58,579	362,195,000	360,323,000	353,074,000	352,432	351,075,000	349,474,000	323,023,000	317,784	315,369	275,883	275,264	269,842	269,558	268,850	268,822	265,818	265,848	265,615	264,076	262,656	255,012	255,225	255,492	253,870	0	0	0	0	0	0	0	0	0	0	0	0	218,147	1	0	0	0	0	0	0	0	0	0	0	0	0	183,199	178,590	178,892	178,574	164,065	164,065	167,015	165,806	135,429	117,292	114,893	107,308	0	0	0	0	0	0	0	127,109	90,286	93,754	96,835	102,078	106,406	106,116	106,714	104,369	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	117,205	110,787	115,400	289,806	122,927	125,384	296,414	295,485	104,066	231,042	77,568	77,568	73,208	77,568	77,568	72,398	72,025	72,025	72,025	52,850	57,218,994	57,499	57,803	56,415	55,481,786	57,943	55,622	52,998	52,850	52,245	50,704	50,003	49,968	49,916	50,400	49,755	49,684	49,631	50,195	49,338	47,273	47,206	51,174	46,851	46,629	46,577	46,308	44,835	44,835	43,738	48,453	42,300	42,300	42,750	41,701	41,448	41,448	43,514	41,526	40,674	40,674	40,935	40,248	39,746	39,746	37,437	37,129	36,412	36,412	35,867	35,787	35,666	35,666	35,566	35,282	33,311	33,311	33,589	35,806	28,378	28,378	34,874	35,205	25,428	25,373	39,838	35,488	25,329	25,329	36,473	25,266	25,674	25,266	34,148	26,364	34,519	26,646	33,285	30,512	31,804	29,934	23,633	23,990	23,017	23,017	14,982	14,982	18,530	18,530	18,530	19,453	19,453	15,846	13,748	13,748	19,941	19,941	19,951	19,993
Common Stock Total Equity	0	0	309,639	470,023	492,033	348,800	368,482	373,437	383,013	169,616	97,783	106,193	104,367	106,037	98,234	99,587	101,469	98,364	97,455	98,693	58,579	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	301,674	335,600	306,470	334,933	337,034	340,675	316,654	344,125	361,885	286,790	211,248	170,159	66,418	157,101	136,196	146,803	171,742	169,857	168,142	171,151	0	-	-	0	0	-	-	0	133,925	148,352	159,279	136,116	119,100	134,867	156,658	173,104	142,608	207,164	192,906	180,050	149,540	154,886	137,824	144,965	131,908	127,636	157,373	167,891	0	121,157	114,013	0	0	0	0	0	0	0	0	0	0	68,852	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,957	0	13,516	14,994	13,664	16,149	11,126	12,724	13,050	18,899	0	13,794	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	85,988	92,439	92,439	92,439	92,741	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	46,783	43,023	40,109	103,243	80,311	78,401	103,093	134,288	900	1,000	1,100	0	0	0	4,187	7,486	6,571	5,329	5,329	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	1,498,815	1,572,489	1,578,832	1,569,532	1,566,956	1,615,694	1,668,892	1,651,475	1,682,397	1,619,272	671,542	669,060	351,725	710,013	706,946	725,390	740,674	740,955	743,582	742,775	740,955	843,180,000	857,140,000	832,510,000	835,935	839,361,000	851,135,000	846,124,000	844,759	868,483	876,644	877,167	870,301	869,869	878,366	838,857	851,373	928,209	882,667	873,855	744,333	711,336	715,717	718,471	720,071	718,196	736,886	738,233	605,244	577,802	546,257	545,902	514,488	458,170	415,541	338,142	301,632	253,284	239,534	237,270	238,214	227,294	227,772	224,240	217,726	219,709	207,924	199,381	203,693	199,340	197,921	196,981	195,026	195	194	146,494	0	0	0	0	0	0	0	0	0	0	0	288,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	818,220	844,004	868,928	888,455	907,529	879,049	904,812	914,829	937,695	945,081	29,405	30,784	186,035	46,600	48,904	50,640	54,893	56,734	60,848	64,858	67,765	75,115,000	82,465,000	66,353,000	70,605	74,685,000	78,813,000	80,968,000	85,071	92,975	61,418	67,493	72,382	74,833	83,494	77,365	86,121	65,575	68,817	72,800	56,262	50,809	55,483	58,569	63,243	75,985	65,116	74,113	57,980	58,281	60,404	65,473	67,133	57,135	57,164	39,765	34,715	37,662	39,888	43,257	46,852	44,347	47,566	51,010	55,399	40,132	49,955	47,696	48,933	50,130	50,999	53,272	252,165	254,475	255,589	193,767	193,767	185,366	129,029	129,917	103,538	100,763	78,346	181,707	186,025	163,524	159,599	0	290,673	310,386	341,307	354,204	340,015	303,868	288,135	286,722	289,089	273,878	269,926	265,580	245,875	225,649	171,998	120,910	117,684	117,568	110,473	100,646	101,302	102,345	62,117	58,339	52,638	51,457	50,468	45,536	-	-	-
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	500	0	0	0	0	0	0	0	42,369	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,188	10,359	10,675	10,421	10,792	10,792	8,815	7,149	7,851	6,795	5,458	5,816	7,021	7,019	6,652	8,055	14,427	14,625	29,299	32,256	30,425	30,804	35,304	37,063	37,865	36,942	39,468	37,410	34,310	34,205	33,682	34,620	31,576	30,270	33,991	31,392	27,595	28,801	26,086	24,068	21,541	20,315	16,418	13,092	10,608	-	-	-
Liabilities And Stockholders Equity	3,767,047	3,870,209	3,853,034	3,900,933	3,993,332	3,969,348	4,025,018	4,051,833	4,077,750	3,943,621	1,587,178	1,520,677	1,013,855	1,665,739	1,665,294	1,831,107	1,799,234	1,711,773	1,758,388	1,792,896	1,611,573	1,729,724,000	1,788,597,000	1,701,077,000	1,698,892	1,617,831,000	1,650,254,000	1,626,653,000	1,511,745	1,575,603	1,554,449	1,490,820	1,511,171	1,537,188	1,766,881	1,556,480	1,556,235	1,596,424	1,573,434	1,459,870	1,372,139	1,323,684	1,347,217	1,360,498	1,286,923	1,173,869	1,213,237	1,152,604	908,798	871,469	830,878	941,930	881,543	798,846	746,954	612,154	600,699	577,005	543,484	536,085	506,617	502,652	526,778	513,750	495,779	468,995	469,771	457,023	446,948	487,172	470,219	467,861	462,831	467,927	466,699	392,803	392,803	391,522	382,520	389,661	345,878	317,870	305,280	376,746	384,922	366,624	367,052	562,070	576,838	626,827	728,799	733,166	721,637	697,415	651,142	623,620	621,614	568,939	556,170	519,456	476,861	451,498	387,922	301,974	283,321	285,322	282,231	289,194	264,105	217,583	139,015	125,254	121,688	115,327	107,031	89,370	-	-	-
Long Term Debt	1,145,828	1,498,129	1,487,430	1,235,281	1,184,707	1,329,134	1,381,560	1,222,041	1,195,112	1,265,747	935,072	864,850	198,024	860,422	922,537	1,014,260	887,630	895,379	914,092	919,050	954,229	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	0	1,487,430	1,235,281	1,184,707	1,329,134	1,381,560	1,222,041	1,191,601	1,265,747	935,072	864,850	0	860,422	922,537	1,014,260	887,630	895,379	914,092	919,050	954,229	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	13,896	0	0	0	6,161	6,824	6,761	6,586	6,556	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	1,373,297	1,738,685	1,722,528	1,451,669	1,334,516	1,545,704	1,684,620	1,496,412	1,412,353	1,552,468	1,100,003	1,034,114	179,246	1,120,492	1,142,990	1,052,434	1,048,519	1,146,030	1,166,291	1,185,416	923,712	963,184,000	975,292,000	913,926,000	836,940	912,328,000	889,058,000	864,344,000	908,515	929,712	971,680	875,269	680,050	811,428	707,444	744,719	623,360	694,913	671,877	679,727	563,121	487,961	474,602	480,521	371,373	398,852	399,699	335,209	377,078	387,700	376,383	339,220	275,267	245,146	238,688	207,267	166,020	113,429	126,876	143,388	140,167	151,766	150,174	174,432	154,344	144,812	117,960	118,731	88,863	131,710	113,972	112,269	114,056	120,278	111,902	36,891	36,891	54,148	37,152	61,544	48,879	38,429	46,585	128,837	122,068	127,757	138,065	301,996	301,646	418,521	411,657	386,100	338,426	355,044	342,162	308,398	323,135	308,950	295,198	273,282	244,970	251,612	206,818	138,996	147,755	137,763	128,169	105,362	111,902	114,539	49,434	58,239	68,549	47,152	35,877	17,113	-	-	-
Net Invested Capital	1,502,523	1,828,946	1,811,321	1,722,375	1,667,244	1,619,551	1,725,859	1,591,521	1,576,729	1,441,747	334,259	0	557,774	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	832,875	798,993	753,181	756,658	738,923	783,219	826,510	818,216	760,002	706,713	443,634	400,494	236,796	425,520	378,732	430,074	480,536	450,457	475,117	485,311	395,200	437,024,000	424,202,000	424,918,000	434,072	438,765,000	456,229,000	428,195,000	421,458	459,970	472,978	414,959	405,056	475,440	460,512	499,216	395,497	488,683	486,222	434,898	373,042	401,623	394,648	426,445	384,929	313,540	334,375	319,154	238,592	216,432	204,925	203,882	195,306	190,505	146,346	131,944	118,211	126,281	118,151	116,219	123,903	162,007	177,249	174,750	154,669	162,291	163,388	168,333	153,821	151,566	131,088	137,252	125,157	129,884	124,085	119,695	119,695	128,487	108,105	96,958	80,979	77,932	75,960	74,131	67,598	75,451	83,855	93,618	89,680	94,950	103,765	109,926	105,322	111,601	96,852	95,477	93,930	86,130	79,396	67,020	52,716	49,420	40,523	35,673	38,662	29,592	33,192	36,224	26,000	24,987	21,471	21,241	19,014	18,220	18,488	7,906	-	-	-
Net Tangible Assets	0	0	-2,095,740	-1,938,376	-1,952,837	-2,204,326	-2,179,708	-2,152,591	-2,238,475	-2,388,353	-1,277,121	-1,272,857	-1,304,700	-1,120,101	-1,096,647	-1,105,584	-1,130,987	-1,123,167	-1,126,779	-1,126,240	-1,158,778	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Working Capital	-349,263	-202,417	-230,780	-277,068	-318,847	-163,050	-142,225	-226,021	-281,185	-169,491	-137,240	-170,369	28,728	-158,337	-93,616	-24,614	-196,563	-195,211	-184,620	-160,780	-152,682	-	-	-195,925,000	-232,859	-	-	-279,980,000	-313,239	-319,153	-268,153	-274,041	-403,879	-326,538	-394,675	-283,960	-269,262	-256,469	-228,920	-218,715	-189,815	-211,095	-204,528	-165,908	-226,682	-154,450	-157,837	-201,391	-127,888	-77,786	-48,674	-70,825	-102,547	-70,413	-47,008	-52,011	-40,152	-27,593	-29,229	4,703	-12,091	-12,811	-24,277	-12,175	-22,364	-6,843	-28,884	-104,510	-105,039	-107,183	-104,573	-102,208	-99,935	-101,701	-32,237	-35,872	-35,872	-26,196	-12,171	-12,593	40,157	26,183	40,103	-3,107	-3,523	13,439	11,820	20,755	15,395	7,791	43,823	39,752	37,616	54,181	54,442	37,112	40,730	57,154	67,656	39,812	29,074	21,853	44,625	31,976	21,379	38,090	50,188	66,529	45,101	10,394	9,288	6,781	3,503	7,709	7,295	-	-	-	-
Non Current Assets Total	2,741,981	2,868,429	2,897,486	2,927,816	2,962,377	2,949,629	3,031,855	3,029,455	3,069,633	3,042,535	1,003,952	1,015,192	648,169	1,175,952	1,174,919	1,174,991	1,216,410	1,238,053	1,251,413	1,264,886	1,021,719	1,166,495,000	1,193,076,000	1,148,332,000	1,156,121	1,085,044,000	1,098,604,000	1,094,218,000	1,087,796	1,101,467	1,070,441	1,079,622	1,081,505	1,089,871	1,106,234	1,074,405	1,096,648	1,138,706	1,094,724	1,083,342	924,720	878,123	894,204	897,058	882,794	895,214	900,144	912,452	757,333	729,470	698,580	698,546	664,224	584,066	542,875	445,943	402,274	348,956	340,469	344,426	353,495	340,406	348,312	349,980	347,260	338,094	332,601	321,467	327,025	343,188	350,643	355,389	354,119	355,574	355,260	280,846	280,846	268,421	214,352	211,751	183,690	176,171	152,852	264,465	266,159	245,755	246,978	391,981	410,176	476,736	544,317	554,730	533,555	490,430	467,694	454,903	448,592	404,872	384,941	374,813	354,527	340,027	275,557	213,740	205,598	200,246	187,854	173,095	172,203	156,616	97,670	90,351	79,757	75,984	73,353	63,049	-	-	-
Non Current Liabilities Other	54,905	55,099	342,174	420,994	434,969	463,492	520,678	73,097	62,621	59,190	314,693	360,204	5,802	302,370	306,659	273,176	270,446	272,753	275,472	305,994	104,900	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Liabilities Total	1,556,654	1,901,673	1,876,387	1,699,298	1,659,785	1,895,869	1,982,549	1,861,356	1,845,153	1,831,814	1,274,404	1,250,406	278,354	1,187,964	1,265,906	1,323,134	1,199,236	1,217,137	1,238,770	1,278,379	1,064,458	1,105,518,000	1,113,723,000	1,087,724,000	1,015,889	1,193,567,000	1,170,938,000	1,177,957,000	1,277,117	1,294,195	1,325,001	1,330,790	1,164,699	1,211,396	1,133,743	1,189,364	1,175,966	1,154,881	1,117,823	1,114,666	1,011,517	845,748	834,773	862,727	740,922	660,610	654,155	608,712	534,954	500,502	476,217	536,998	469,811	391,346	377,102	291,386	267,976	221,171	214,820	258,656	191,601	177,124	176,119	187,480	172,044	162,474	134,002	51,257	51,019	59,821	56,613	56,691	57,552	55,945	125,397	56,898	56,898	58,325	49,350	89,631	102,112	79,197	86,871	157,658	155,840	155,452	161,769	334,398	331,328	427,256	433,157	414,323	386,308	378,128	349,264	315,204	336,466	312,147	307,236	275,383	252,515	264,944	232,633	158,881	143,659	145,361	145,764	146,905	139,203	93,450	33,955	40,488	30,622	30,233	29,581	21,016	-	-	-
Non Currrent Assets Other	92,843	125,376	120,064	114,227	115,447	47,784	34,936	33,581	33,019	24,789	23,258	22,845	2,787	21,493	27,356	29,622	30,179	24,018	26,415	32,715	124,810	28,632,000	30,635,000	31,405,000	159,275	34,592,000	35,850,000	38,753,000	37,796	-5,114,633	-6,346,543	-6,582,390	59,898	61,211	65,275	75,015	80,156	62,487	71,168	63,534	50,923	45,261	47,529	44,744	37,234	33,681	30,945	32,314	30,992	24,720	28,613	22,950	19,947	20,351	20,551	19,084	18,010	11,592	11,853	11,780	12,482	16,362	16,625	16,957	17,520	17,332	18,565	16,349	16,642	32,490	45,051	22,993	22,369	22,470	21,223	18,831	18,831	16,711	26,021	25,194	0	15,816	15,109	1	12,074	0	0	0	50,453	1	0	0	88,095	1	0	-1	51,795	-100	99	0	24,648	0	-100	0	30,170	0	0	0	0	700	0	0	4,103	3,704	4,397	5,204	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	438,299	431,839	462,097	534,476	513,085	528,365	508,287	655,250	40,375	40,036	0	40,393	40,158	39,749	40,258	39,956	40,261	40,223	64,514	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	0	120,064	0	115,447	47,784	34,936	33,581	33,019	24,789	23,258	22,845	231,706	104,069	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Assets	72,454	104,082	97,083	77,930	71,443	71,249	73,251	69,009	64,106	78,884	31,312	31,687	36,433	67,585	66,318	44,689	35,613	35,939	44,815	56,550	163,781	101,149,000	146,320,000	98,625,000	62,520	75,161,000	75,074,000	81,054,000	40,203	59,140	56,672	55,134	42,231	36,132	247,050	48,892	36,978	31,054	31,733	34,535	25,458	22,629	23,255	23,646	16,892	70,188	87,222	71,047	51,724	52,180	43,710	65,347	43,869	46,604	55,311	33,932	32,108	34,064	27,726	29,193	10,510	8,819	8,600	9,211	8,359	9,614	12,548	9,807	6,064	34,161	29,290	5,713	4,757	5,353	5,800	3,849	3,849	6,636	6,138	15,138	5,068	5,669	5,064	8,562	6,280	7,931	9,296	25,672	25,107	14,312	33,936	32,567	28,165	31,522	28,969	27,666	21,929	27,578	33,728	34,910	26,358	22,956	20,412	12,391	9,690	11,897	9,298	7,727	7,000	18,690	5,193	3,690	18,814	9,210	2,698	2,002	-	-	-
Other Current Liab	591,776	493,665	464,751	530,554	579,166	474,033	495,299	585,299	582,726	432,240	309,682	294,823	102,141	362,735	301,227	372,163	447,755	312,362	289,307	299,039	520,185	524,836,000	564,142,000	545,624,000	530,790	520,102,000	548,542,000	560,009,000	417,212	380,056	345,316	316,260	433,486	425,002	676,763	424,152	362,077	348,458	336,186	310,603	293,621	329,973	328,483	331,816	198,220	170,447	169,520	166,570	246,780	116,928	86,068	239,602	219,930	249,654	205,896	167,859	163,491	136,452	113,165	119,084	110,929	66,007	79,618	141,274	128,167	115,888	116,251	139,799	129,840	136,766	119,997	78,309	109,869	107,419	107,971	106,212	106,212	102,059	791	27,982	1,113	5,344	9,314	-1	0	-1	0	0	14,932	0	12,955	14,533	10,889	12,695	12,269	12,802	13,621	9,592	10,148	9,303	7,344	7,518	2,101	4,297	4,296	1,500	900	1,505	2,200	500	300	499	22,516	12,614	8,794	4,804	-	-	-
Other Liab	0	0	125,069	0	181,029	258,573	273,312	300,147	321,713	208,232	82,882	118,829	111,400	45,263	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Stockholder Equity	348,494	324,926	309,521	469,891	491,899	348,663	368,345	373,300	382,893	169,537	39	152,746	223,611	152,514	152,373	152,415	152,477	152,868	153,033	285,706	210,903	-155,511,000	-146,960,000	-173,575,000	-105,059	-171,748,000	-164,874,000	-152,690,000	-309,045	-308,319	-305,190	-326,925	-315,004	-302,866	-278,636	-132,391	-209,420	-188,522	-170,266	-151,095	-125,780	-96,480	-83,493	-77,209	-72,989	195,447	189,621	176,898	183,818	196,758	208,608	216,336	209,796	222,052	225,884	226,982	227,486	-2,494	215,355	211,280	247,017	240,993	239,858	237,748	234,902	219,468	215,601	212,741	210,028	209,470	208,184	23,519	23,633	23,585	22,901	82,385	82,385	75,468	68,301	54,581	82,506	72,636	71,994	177,511	175,863	191,202	191,975	185,685	194,563	204,874	81,772	114,530	117,685	102,858	102,101	101,871	100,475	83,233	83,774	186,356	181,992	121,596	114,365	116,013	114,387	112,369	112,173	112,788	88,602	79,058	78,595	61,829	56,240	55,461	54,165	51,740	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	209,980	152,746	152,746	0	152,746	152,746	152,746	152,746	152,746	152,746	152,117	90,123	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	413,536	326,560	329,662	355,602	372,445	407,102	0	0	0	0	279,747	292,503	304,601	315,270	309,017	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Net	332,103	326,560	329,662	355,602	372,445	407,102	423,215	429,570	416,522	453,393	279,747	292,503	93,366	315,270	309,017	291,961	304,676	317,083	321,368	332,099	88,189	90,249,000	91,015,000	85,370,000	90,306	91,153,000	88,010,000	82,228,000	78,377	73,868	66,763	64,755	63,557	62,109	59,206	59,598	60,240	61,124	50,709	50,540	52,071	51,942	52,597	50,816	52,914	51,852	51,775	52,352	47,737	47,093	41,616	42,541	41,053	35,826	37,073	36,327	35,375	36,547	38,406	40,798	44,021	45,451	48,018	47,591	47,440	46,428	42,594	44,536	44,425	43,403	39,699	65,275	63,528	62,626	62,702	55,365	55,365	54,482	48,364	46,543	80,152	59,592	59,397	82,757	48,504	82,231	87,378	103,575	69,050	166,349	203,010	200,527	105,445	186,561	179,559	168,181	107,708	131,094	114,915	109,233	84,004	114,378	103,659	92,831	57,743	82,678	77,381	72,449	70,901	53,571	35,553	32,012	23,017	20,823	18,488	12,310	-	-	-
Property Plant Equipment	0	0	86,929	94,839	98,878	407,102	123,662	118,542	416,522	453,393	81,191	85,085	304,601	315,270	70,787	75,767	81,054	82,946	83,950	85,456	88,189	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	21,148	24,586	27,496	30,324	29,445	6,573	10,268	6,668	-6,983	-6,153	-698,635	-704,741	-709,751	-476,293	-480,368	-468,508	-469,593	-462,483	-460,726	-465,016	-464,903	-383,305,000	-367,180,000	-370,586,000	-340,000	-562,668,000	-581,161,000	-592,414,000	-574,932	-582,640	-549,110	-550,283	-526,990	-500,768	-492,164	-521,724	-489,633	-462,874	-457,952	-474,422	-465,576	-371,255	-350,055	-359,871	-316,713	-292,165	-277,669	-257,555	-231,274	-173,534	-153,960	-155,420	-146,735	-158,069	-147,151	-141,348	-131,160	-112,694	-112,732	-112,807	-112,836	-117,585	-120,835	-116,363	-112,969	-104,784	-98,011	-95,411	-86,614	-81,621	-68,711	-58,207	-53,075	-51,527	-49,830	-45,083	-45,083	-36,312	-26,583	-26,166	-27,260	-19,914	-27,811	-33,578	-31,884	-32,858	-37,760	-53,740	-46,265	-73,551	19,316	44,580	45,300	37,998	36,145	34,976	19,808	15,487	11,840	8,102	4,930	2,406	400	-1,699	-3,397	3,699	3,299	3,211	12,800	8,895	8,688	9,075	5,904	7,608	6,396	5,304	-	-	-
Retained Earnings Total Equity	0	0	27,496	30,324	29,445	6,573	10,268	6,668	-6,982	-6,153	-698,635	-704,741	0	-476,293	-480,368	-468,508	-469,593	-462,483	-460,726	-465,016	-464,903	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	994	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,493,034	1,837,390	1,827,812	1,590,198	1,555,105	1,710,955	1,778,022	1,631,565	1,596,362	1,667,957	1,208,283	1,147,454	271,203	1,157,567	1,228,473	1,273,536	1,155,452	1,173,310	1,193,595	1,211,788	954,585	988,240,000	1,000,291,000	943,128,000	883,119	931,189,000	909,405,000	887,530,000	936,436	951,447	987,742	897,109	741,508	827,186	742,295	762,331	743,127	743,798	744,216	697,224	665,128	551,273	551,938	551,881	431,703	471,651	471,395	371,166	385,174	395,045	382,087	346,182	286,216	286,141	286,142	228,514	217,946	184,366	184,810	189,635	181,498	169,249	168,684	180,181	164,754	151,901	127,319	123,517	95,454	136,302	119,154	117,567	126,979	131,697	128,016	59,564	59,564	70,497	85,820	120,702	120,758	91,069	91,489	161,613	159,935	158,592	166,550	338,367	338,896	430,050	426,182	406,853	379,127	390,204	362,725	327,308	347,514	322,039	315,892	281,685	256,338	257,025	223,628	149,188	146,855	148,460	148,664	149,915	142,003	106,543	40,047	46,671	53,138	42,647	35,277	23,218	-	-	-
Short Term Debt	65,899	67,976	76,494	75,939	76,349	73,659	68,785	70,356	72,922	74,162	41,400	41,229	20,573	40,038	38,377	48,022	0	47,722	46,338	44,129	356	360,000	355,000	322,000	313	300,000	289,000	260,000	228	260	361	415	470	508	515	532	534	650	617	424	467	784	1,345	1,337	1,858	1,871	1,267	1,293	1,238	1,481	1,575	1,584	1,667	1,385	1,502	1,308	1,456	43,059	40,183	1,519	1,546	1,599	1,896	1,855	1,796	1,777	704	78,884	51,087	91,050	73,682	71,083	79,810	84,117	10,844	9,244	9,244	16,263	36,972	31,554	18,646	11,871	4,618	3,955	4,097	3,140	4,781	3,969	7,568	7,216	8,800	5,832	6,588	12,077	13,460	12,104	11,048	9,792	8,656	6,202	3,722	3,408	3,202	3,298	3,197	2,999	2,999	3,010	2,700	17,691	6,092	6,183	0	0	0	-	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,684	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	3,767,047	3,870,209	3,853,034	3,900,933	3,993,332	3,969,348	4,025,018	4,051,833	4,077,750	3,943,621	1,587,178	1,560,713	1,013,855	1,706,132	1,705,452	1,870,856	1,839,492	1,751,729	1,798,649	1,833,119	1,611,573	1,729,724,000	1,788,597,000	1,701,077,000	1,698,892	1,617,831,000	1,650,254,000	1,626,653,000	1,577,378	1,642,312	1,616,153	1,571,555	1,590,250	1,617,201	1,848,647	1,640,125	1,648,890	1,707,328	1,685,018	1,570,272	1,425,227	1,365,687	1,389,443	1,418,509	1,344,945	1,351,741	1,393,437	1,338,610	1,055,745	1,005,427	952,919	974,737	914,348	862,170	791,986	633,066	604,519	580,238	544,280	536,085	529,239	528,715	552,671	539,690	520,698	517,088	517,896	504,393	493,501	533,507	516,203	513,840	507,315	512,905	511,680	437,855	437,855	428,708	384,412	390,856	348,411	317,870	305,280	386,955	384,922	366,624	376,669	562,070	576,838	626,827	728,799	748,402	738,547	704,016	651,142	634,821	625,772	571,137	556,170	519,456	479,175	451,498	387,922	303,573	283,321	286,422	282,231	289,194	264,105	218,383	139,015	125,254	122,488	115,327	107,031	89,670	-	-	-
Total Current Assets	1,025,066	1,001,780	955,548	973,117	1,030,955	1,019,719	993,163	1,022,378	1,008,117	901,086	583,226	545,521	365,686	530,180	530,533	695,865	623,082	513,676	547,236	568,233	589,854	563,229,000	595,521,000	552,745,000	542,771	532,787,000	551,650,000	532,435,000	489,582	540,845	545,712	491,933	508,745	527,330	742,413	565,720	552,242	568,622	590,294	486,930	500,507	487,564	495,239	521,451	462,151	456,527	493,293	426,158	298,412	275,957	254,339	276,191	250,124	278,104	249,111	187,123	202,245	231,282	203,811	191,659	175,744	188,309	204,359	189,710	173,438	178,994	185,295	182,926	166,476	190,319	165,560	158,451	153,196	157,331	156,420	157,009	157,009	160,287	170,060	179,105	164,721	141,699	152,428	122,490	118,763	120,869	129,691	170,089	166,661	150,090	184,482	193,671	204,991	213,587	183,448	179,918	177,180	166,265	171,229	144,644	124,648	111,471	112,364	89,833	77,723	86,177	94,377	116,099	91,902	61,767	41,345	34,904	42,731	39,343	33,678	26,621	-	-	-
Total Current Liabilities	1,374,329	1,204,197	1,186,328	1,250,185	1,349,802	1,182,769	1,135,388	1,248,399	1,289,302	1,070,577	720,466	715,890	336,958	688,517	624,149	720,479	819,645	708,887	731,856	729,013	742,536	744,953,000	772,480,000	748,670,000	775,630	753,106,000	815,399,000	812,415,000	802,821	859,998	813,865	765,974	912,624	853,868	1,137,088	849,680	821,504	825,091	819,214	705,645	690,322	698,659	699,767	687,359	688,833	610,977	651,130	627,549	426,300	353,743	303,013	347,016	352,671	348,517	296,119	239,134	242,397	258,875	233,040	186,956	187,835	201,120	228,636	201,885	195,802	185,837	214,179	287,436	271,515	297,502	270,133	260,659	253,131	259,032	188,657	192,881	192,881	186,483	182,231	191,698	124,564	115,516	112,326	125,597	122,286	107,430	117,871	149,334	151,267	142,299	140,658	153,920	167,375	159,405	129,006	142,807	136,450	109,112	103,573	104,832	95,573	89,618	67,739	57,857	56,345	48,087	44,189	49,570	46,801	51,372	32,057	28,122	39,228	31,635	26,383	21,617	-	-	-
Total Liab	2,930,983	3,105,870	3,062,715	2,949,483	3,009,587	3,078,638	3,117,937	3,109,755	3,134,455	2,902,391	1,994,870	1,966,296	615,312	1,876,481	1,890,055	2,043,613	2,018,881	1,926,024	1,970,626	2,007,392	1,806,994	1,850,471,000	1,886,203,000	1,836,394,000	1,791,519	1,946,673,000	1,986,337,000	1,990,372,000	2,079,938	2,154,193	2,138,866	2,096,764	2,077,323	2,065,264	2,270,831	2,039,044	1,997,470	1,979,972	1,937,037	1,820,311	1,701,839	1,544,407	1,534,540	1,550,086	1,429,755	1,271,587	1,305,285	1,236,261	961,254	854,245	779,230	884,014	822,482	739,863	673,221	530,520	510,373	480,046	447,860	445,612	379,436	378,244	404,755	389,365	367,846	348,311	348,181	338,693	322,534	357,323	326,746	317,350	310,683	314,977	314,054	249,779	249,779	244,808	231,581	281,329	226,676	194,713	199,197	283,255	278,126	262,882	279,640	483,732	482,595	569,555	573,815	568,243	553,683	537,533	478,270	458,011	472,916	421,259	410,809	380,214	348,088	354,562	300,372	216,738	200,003	193,447	189,954	196,475	186,004	144,822	66,012	68,611	69,850	61,868	55,964	42,633	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	356,695	330,817	323,891	487,094	482,537	290,417	344,299	369,480	381,617	385,980	-448,067	-445,619	358,756	-210,742	-224,761	-212,506	-219,647	-214,251	-212,238	-214,496	-195,421	-177,940,000	-153,336,000	-189,662,000	-92,627	-388,934,000	-399,038,000	-424,102,000	-568,193	-578,590	-584,417	-605,944	-566,152	-528,076	-503,950	-482,564	-441,235	-383,548	-363,603	-360,441	-329,700	-220,723	-187,323	-189,588	-142,832	-97,718	-92,048	-83,657	-52,456	17,224	51,648	57,916	59,061	58,983	73,733	81,634	90,326	96,959	95,624	90,473	127,181	124,408	122,023	124,385	127,933	120,684	121,590	118,330	124,414	129,849	143,473	150,511	152,148	152,950	152,645	143,024	143,024	146,714	150,939	108,332	119,202	120,626	96,525	93,491	96,951	94,511	87,412	68,425	84,662	46,903	140,235	164,923	167,954	159,882	162,602	165,609	148,699	147,680	142,475	136,641	128,773	94,831	85,649	85,236	81,919	91,875	91,278	91,715	77,201	72,761	72,104	55,746	51,837	52,758	50,268	46,736	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Warrants	0	0	28,129	32,517	39,111	65,817	49,697	44,233	43,364	29,787	24,639	25,352	0	25,172	36,710	35,698	36,973	41,519	42,635	48,006	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	220,589	184,009	92,457	63,860	51,777	50,811	27,921	61,458	113,348	102,007	60,330	8,096	10,949	51,926	41,331	10,410	6,591	12,923	22,644	61,092	37,788	37,668	38,337	23,546	13,918	-805	28,872	-2,400	6,198	5,504
Capital Expenditures	42,413	42,041	22,626	13,994	12,472	20,264	32,958	29,432	23,575	26,416	19,549	20,335	23,383	12,500	6,212	14,395	20,072	22,648	13,095	15,552	18,421	8,053	15,788	23,542	28,493	24,748	24,676	23,500	16,995	6,605
Cash And Cash Equivalents Changes	0	44,575	91,394	0	74,925	-11,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	10,457	-25,524	0	15,027	-128,745	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-100,852	36,580	91,552	28,597	12,083	-33,151	94,401	-33,537	-51,890	17,760	41,677	52,234	-2,853	-40,977	10,595	30,921	3,819	-6,332	-9,721	-38,419	34,091	199	-1,087	17,154	10,461	12,274	-29,771	32,601	-8,797	600
Change In Working Capital	-195,004	36,826	15,756	8,763	-8,696	11,989	-36,632	90,640	-134,617	-79,447	36,867	-98,794	-25,341	-62,395	-28,061	10,273	82,675	-5,104	-64,063	-76,029	43,680	-18,918	-22,221	-3,114	11,655	7,695	-23,722	39,602	495	5,004
Change Receivables	0	37,780	-30,784	0	-37,763	30,211	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-80,181	37,780	-35,669	-26,805	-41,681	30,211	-50,030	-16,752	-4,796	-35,800	17,644	-30,043	-12,130	-31,289	-9,953	0	-12,712	-18,605	-423	5,586	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	21,755	22,539	-10,072	-11,223	0	103,382	197,537	168,076	179,811	0	122,936	71,560	13,347	0	142,834	80,404	433	-2,547	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	29,001	29,670	-162,785	18,857	-33,093	27,946	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	139,075	56,279	283,866	61,882	161,067	-159,436	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-52,422	57,126	11,510	-1,749	-46,986	-36,930	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	142,831	131,273	77,503	41,025	35,729	46,196	43,474	46,446	52,223	47,172	39,600	46,414	40,236	34,481	34,471	35,752	31,576	26,970	28,788	19,955	12,617	16,186	38,252	35,037	27,874	16,901	10,290	7,700	4,299	1,201
Dividends Paid	0	28,274	204,929	115,543	40,212	196	284	32,918	42,313	37,698	22,047	22,030	16,436	9,727	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	119,737	220,589	184,009	92,457	63,860	-33,151	94,401	27,921	61,458	119,767	102,007	60,330	8,096	10,949	51,926	41,331	10,410	6,591	12,923	22,673	71,879	37,867	37,250	40,700	24,379	11,469	-899	30,201	-2,599	6,105
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	38,594	306,777	147,948	124,086	52,374	-2,984	82,327	-24,008	139,230	107,526	39,750	55,969	-18,835	24,797	53,691	43,051	-15,940	17,057	-8,425	8,950	839	18,149	76,857	46,280	16,359	-19,416	-31,669	-20,500	-20,494	3,002
Investments	-96,839	-117,507	141,810	-29,021	-18,087	963	1,443	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-10,500	17,800	-21,999	-68,145	68,143	-54,425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	134	65,842	35,920	71,461	20,730	-111,948	36,632	-47,942	-37,357	-24,057	-148,863	-85,439	-84,674	-15,440	-18,324	133	-26,355	-33,539	-7,949	-2,157	11,042	94,208	-149,952	27,531	15,883	9,155	-14,586	5,100	2,599	3,102
Other Cashflows From Financing Activities	-74,185	1,149,533	-34,215	162,396	174,963	-50,431	-20,884	2,545,990	558,235	28,340	473,365	-5,848	79,175	66,898	204,421	24,416	56,805	-32,159	52,285	-25,530	-53,312	-180,828	-36,721	35,162	82,718	110,563	28,672	93,302	22,694	43,234
Other Cashflows From Investing Activities	0	-93,612	-26,535	-1,777	484	464	464	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	56,424	100,044	-13,498	14,891	15,779	29,054	220,480	-96,788	262,936	161,615	114,684	173,504	10,386	69,517	50,659	-2,189	-98,105	43,720	46,045	77,057	-53,540	-86,732	245,386	13,652	-15,706	-31,840	21,924	-49,803	-11,092	6,005
Sale Purchase Of Stock	-223,835	-70,269	-841	-21,999	-601	-776	0	-3,350	-2,388	-5,414	-13,817	-3,327	-4,121	-3,480	-596	-906	-769	0	0	-12,476	-13,662	0	-6,469	-8,741	0	0	-1,798	0	0	0
Stock Based Compensation	57,179	33,152	75,032	7,403	1,864	18,416	24,350	21,003	17,796	17,696	22,438	32,197	23,657	16,507	14,186	14,437	9,088	7,360	3,272	8,388	0	0	0	0	0	0	0	0	0	-5,004
Total Cash From Financing Activities	-339,864	-186,736	-222,185	-80,141	-35,019	21,434	-32,599	-15,893	-190,020	-15,428	10,492	-31,858	23,299	52,401	20,037	23,510	60,929	-31,597	52,316	-34,367	-63,943	-180,828	-42,490	26,421	87,325	150,503	26,874	111,402	25,893	43,234
Total Cash From Operating Activities	81,007	348,818	170,574	138,080	64,846	17,280	115,285	5,424	162,805	133,942	59,299	76,304	4,548	37,297	59,903	57,446	4,132	39,705	4,670	24,502	19,260	26,203	92,644	69,822	44,852	5,332	-6,993	3,000	-3,499	9,607
Total Cashflows From Investing Activities	0	-116,275	141,810	-8,287	115	-50,431	-20,884	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-03-31	2017-12-31	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-06-30	1995-03-31	1994-12-31
Begin Period Cash Flow	98,705	105,284	138,529	220,589	165,251	93,402	135,153	184,009	115,489	108,280	53,784	92,457	97,478	85,483	221,102	106,933	27,280	27,304	26,372	30,873	27,921	46,179,000	27,921	27,921,000	21,735	16,062	21,840	61,458	15,758	34,851	17,612	119,767	48,885	72,339	17,497	102,007	63,312	77,336	71,360	60,330	72,799	71,696	35,957	8,096	7,345	5,704	6,962	10,949	40,995	47,454	21,247	51,926	70,937	57,934	46,247	41,331	17,483	18,510	5,749	10,410	7,089	9,359	4,786	6,591	4,592	5,182	5,298	12,923	11,419	16,114	8,978	16,349	16,349	48,668	59,158	66,726	52,640	44,904	32,776	40,616	30,835	28,485	36,371	37,181	11,529	14,525	20,753	38,725	35,161	20,563	18,911	24,308	13,089	20,695	8,729	13,404	0	6,518	10,192	-899	0	0	44,553	29,903	1,294	2,184	0	-2,493	0	0	6,096
Capital Expenditures	10,667	12,922	8,139	10,170	16,546	11,028	7,929	6,538	8,960	6,378	3,977	3,311	5,017	7,784	2,144	1,546	4,810	5,863	4,317	3,606	23,893	3,799,000	23,893	9,413,000	9,709	6,275	7,909	5,539	5,910	8,161	3,848	5,656	5,782	13,789	3,829	3,016	5,573	4,365	6,692	2,919	6,030	4,755	4,439	5,111	5,516	9,402	3,443	5,022	4,334	2,446	2,958	2,762	2,924	1,201	1,257	830	3,673	2,083	4,416	4,223	5,102	7,506	3,827	3,637	3,857	7,494	5,494	5,803	4,489	1,829	4,464	4,115	4,115	3,324	4,972	3,141	3,982	5,249	6,327	2,863	2,425	1,304	1,667	2,657	2,622	3,885	4,515	4,766	8,751	11,705	16,293	4,295	2,282	15,055	9,718	6,002	8,308	42,994	51,640	7,794	7,380	5,898	5,176	6,221	19,303	2,899	301	997	2,900	2,209	3,498
Cash And Cash Equivalents Changes	0	0	-32,738	-83,005	48,090	93,487	-46,665	-50,337	69,387	-25,726	-5,722	53,455	0	-49,442	-134,638	114,169	79,652	-24	-1,781	-2,922	9,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-11,969	-11,088	-67,387	-411	36,840	41,415	6,844	-4,143	-19,550	-8,675	0	5,778	-9,829	3,092	19,491	11,203	5,055	-20,722	-68,361	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	21,032	-6,579	-33,245	-82,060	55,338	71,849	-41,751	-48,856	68,520	7,209	19,666	-38,673	-5,021	-48,408	-135,619	114,169	79,653	-24	932	-4,501	-39,232	-16,977,000	88,320	-4,735,000	6,186	5,673	-5,778	-39,618	45,700	-19,093	17,239	-102,155	70,882	-23,454	54,842	-84,510	38,695	-14,024	5,976	11,030	-12,469	1,103	35,739	27,861	751	1,641	-1,258	-3,987	-30,046	-6,459	26,207	-30,679	-19,011	13,003	11,687	4,916	23,848	-1,027	12,761	-4,661	3,321	-2,270	4,573	-1,805	1,999	-590	-116	-7,625	1,504	-4,695	7,136	6,324	6,324	-32,319	-10,490	-7,568	19,239	7,736	12,128	-7,840	7,032	2,350	-7,886	-810	25,721	-2,996	-6,228	-17,972	5,540	14,597	1,653	-5,397	11,289	-7,605	11,966	-5,002	6,059	-11,395	6,518	11,092	-10,676	-9,697	-24,048	14,650	38,198	1,294	2,184	-9,075	-11,004	-4,016	-6,596
Change In Working Capital	81,758	-32,040	-100,861	-131,924	189,172	103,016	-143,395	-111,967	113,154	-83,152	2,280	-16,526	-13,825	-45,783	-64,721	-69,002	171,949	-1,352	-10,591	-23,840	-107,373	-64,468,000	-107,373	-50,612,000	152,459	5,914	-51,000	5,888	129,838	-77,341	68,137	-110,715	-14,698	-12,793	-27,549	-10,205	-28,900	21,280	-6,567	-38,620	60,774	-72,232	3,387	43,554	-73,503	-50,102	-29,112	22,151	31,722	-32,134	-23,405	5,003	-11,859	-12,559	1,636	-33,932	16,794	720	11,466	-12,102	10,189	-15,521	22,041	75,626	529	2,144	-2,610	-2,365	-2,273	1,766	-69,464	4,685	4,685	-9,676	-14,025	422	-52,750	13,974	-13,920	43,209	416	-16,962	1,619	-8,935	5,360	7,604	-36,032	4,072	2,136	-16,565	-260	17,330	-3,618	-16,424	-10,502	27,844	10,738	7,221	-22,772	12,649	10,597	-16,711	-12,098	-16,341	21,428	34,706	1,107	2,506	3,279	-4,206	7,709
Change Receivables	0	0	16,680	-12,425	72,417	43,705	-8,303	-70,039	-4,689	25,855	-49,171	-2,779	0	-44,331	46,891	41,148	-38,598	22,405	8,387	-29,957	21,637	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-17,574	-29,660	16,680	-12,425	72,417	43,705	-8,303	-70,039	-9,574	-55,055	-30,576	59,536	-33,756	-44,331	46,891	41,148	-38,598	22,405	8,387	-29,957	15,377	12,358,000	-64,864	-39,855,000	31,015	12,450	-28,631	-31,586	58,338	-4,761	39,387	-97,760	21,678	25,584	-28,600	-54,462	22,750	6,854	29,419	-41,379	-13,970	19,377	-18,041	-17,409	771	-5,867	-1,152	-5,882	7,941	-40,900	6,971	-5,301	8,104	-6,866	-1,932	-9,259	26,316	0	0	-11	-12,712	0	0	-499	-18,605	0	0	0	-423	0	0	5,586	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	114,102	-672	-113,430	0	0	0	0	0	72,221	-44,001	1,467	-7,932	30,273	0	0	45,586	249,238	0	0	265,842	-897,700	0	-849,079	0	385,606	0	0	138,778,627	269,020	0	0	381,763	190,045	0	0	273,185	137,838	0	0	207,300	175,691	0	0	218,785	135,376	0	0	76,727	94,725	0	0	57,327	23,351	0	0	4,561	-2,480	0	0	12,206	60,159	0	0	139,019	-171	0	0	171	433	0	0	-2,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	-118,637	-109,340	156,335	200,464	-133,113	-55,738	50,507	-92,181	3,496	41,180	-39,012	38,837	-75,674	-86,936	84,335	-28,469	5,533	-42,542	-10,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	19,405	14,263	77,509	30,475	13,651	4,581	5,056	74,103	6,914	-1,025	240,940	20,677	13,481	11,742	18,545	13,536	3,155	2,041	99,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-107,635	-107,635	93,201	-129,961	-3,970	-11,692	98,362	31,062	-22,974	-8,088	17,033	5,055	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,036	38,830	35,488	33,477	35,631	32,207	32,231	31,204	31,381	24,791	10,381	10,950	11,187	9,332	8,899	9,206	9,460	9,368	10,663	8,838	10,970	12,375,000	8,248	10,898,000	12,378	11,412	11,436	11,220	12,830	13,086	14,007	12,300	12,667	12,480	10,730	11,295	11,145	9,218	9,615	9,622	10,343	12,427	13,643	10,001	10,235	9,882	9,736	10,383	11,285	9,324	8,039	5,833	11,760	7,514	7,604	7,593	8,389	7,893	9,036	10,434	6,855	10,817	7,361	6,543	6,777	7,469	4,409	8,315	8,071	8,224	7,762	5,166	5,166	9,996	2,450	2,343	2,760	2,265	3,927	3,664	4,076	3,086	3,652	5,372	9,133	8,195	11,078	9,846	9,769	10,644	7,202	7,423	8,290	7,048	6,534	6,002	5,173	4,524	3,707	3,497	992	3,099	3,188	3,010	1,803	3,001	1,500	1,396	1,400	1,003	799
Dividends Paid	0	0	0	0	0	0	0	0	28,274	167,715	11,320	25,894	16,905	0	0	0	98,620	0	56	0	22,282	146,000	22,282	22,000	338	11,055	10,889	10,636	10,621	10,537	10,519	10,636	9,644	9,422	8,908	9,724	7,551	5,340	8,946	210	8,701	0	8,660	4,669	3,687	4,382	8,367	0	3,725	3,221	0	2,781	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	119,737	98,705	105,284	138,529	220,589	165,251	93,402	135,153	184,009	115,489	73,450	53,784	92,457	37,075	85,483	221,102	106,933	27,280	27,304	26,372	-11,311	29,202,000	116,241	23,186,000	27,921	21,735	16,062	21,840	61,458	15,758	34,851	17,612	119,767	48,885	72,339	17,497	102,007	63,312	77,336	71,360	60,330	72,799	71,696	35,957	8,096	7,345	5,704	6,962	10,949	40,995	47,454	21,247	51,926	70,937	57,934	46,247	41,331	17,483	18,510	5,749	10,410	7,089	9,359	4,786	6,591	4,592	5,182	5,298	12,923	11,419	16,114	22,673	22,673	16,349	48,668	59,158	71,879	52,640	44,904	32,776	37,867	30,835	28,485	36,371	37,250	11,529	14,525	20,753	40,700	35,161	20,563	18,911	24,379	13,089	20,695	8,403	6,059	-11,395	6,518	10,192	-10,676	-9,697	-24,048	44,553	38,198	1,294	2,184	-11,568	-11,004	-4,016	-500
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,164	0	4	580	-576	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	197,685	3,682	-67,172	-95,283	266,905	161,610	-66,623	-55,115	132,230	12,597	29,470	2,460	39,879	23,403	-15,868	-21,500	87,569	28,534	36,646	-84,806	-92,938	-64,832,000	5,067	-40,089,000	54,634	73,303	-17,719	-134,226	167,384	-87,133	184,481	-125,502	86,353	-4,823	68,315	-42,319	-51,625	46,915	80,337	-35,877	54,468	17,612	-23,519	7,408	5,213	10,119	7,921	-42,088	7,690	25,560	5,527	-13,980	13,037	21,310	19,614	-270	31,238	-2,703	29,189	-14,673	22,833	-22,460	13,599	-29,912	30,184	-15,041	-1,298	3,212	5,538	-3,763	15,162	15,148	15,148	2,602	-3,922	-4,878	7,517	-577	-3,586	-2,515	6,820	6,974	3,396	959	83,668	7,818	-11,096	-3,534	44,907	16,783	-21,765	6,355	48,333	-9,290	-12,582	-10,103	-21,622	57,337	-53,133	-1,999	-2,177	-1,499	-11,035	-16,958	-12,105	-706	-210	-7,479	-10,402	-5,923	-9,294
Investments	200,799	-14,730	-19,303	-10,815	-53,223	-9,347	-46,648	-8,289	-11,911	163,561	-3,977	-3,311	-12,600	554	0	0	0	0	0	0	963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	251,850	50,000	-145,000	-53,000	158,000	29,500	-70,699	868,930	68,602	20,000	20,000	-62,500	-68,942	120,392	-8,093	-19,454	-5,223	-35,375	1,523,132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,286	3,117	-10,245	-5,017	-27,573	35,274	24,519	33,622	4,734	7,925	18,658	4,603	32,701	4,076	-593	1,003	-7,115	-1,752	4,290	-113	-87,299	-28,519,000	281,872	-9,683,000	7,708	-33,530	1,173	-23,293	-26,222	-8,604	29,560	-32,091	-26,759	-4,922	16,470	-8,846	-94,321	-21,200	9,816	-43,158	-24,548	-14,496	-20,114	-26,281	-57,740	-19,574	1,323	-8,685	11,469	-10,918	-5,805	-10,186	-18,466	36	79	411	4,747	3,249	-4,472	-3,394	-8,185	-6,773	-2,601	-8,797	-4,993	-12,909	-10,503	-5,132	-1,547	-1,655	-964	-8,680	-8,680	-2,874	1,395	-1,018	-1,509	3,337	9,092	909	2,228	3,465	84,632	7,609	-34,383	-91,737	-26,738	1,832	7,608	2,705	2,189	15,578	4,592	3,997	3,880	3,401	2,840	2,205	2,401	1,999	-6,388	600	400	-9,232	3,901	200	-399	1,296	-1,901	1,201	1,099
Other Cashflows From Financing Activities	-17,073	447,762	592,832	465,552	263,208	318,354	337,016	230,955	395	1,463,759	-3,977	10,000	-1,286	134,565	-121,076	119,642	318,178	310,956	332,203	429,561	1,707,692	47,764,000	1,707,692	37,111,000	486,960	398,279	598,135	1,062,616	588,027	76,432	-143,908	37,684	10,627	-858	6,123	12,448	116,334	-53,848	-63,397	474,276	-114,300	928	116,456	-8,932	-9,334	10,542	21,087	56,960	7,726	-6,988	55,882	10,278	204,421	-2,159	-7,707	9,879	17,626	2,330	-12,000	16,460	12,885	20,978	-5,867	28,809	-42,508	16,436	3,085	-9,172	-5,032	699	45,803	-12,241	-12,241	-11,059	-42	-2,188	24,490	-2,454	-77,824	-2,210	-1,670	419	-170,451	-9,125	-87,685	4,327	17,935	29,329	-7,101	24,049	37,516	-21,586	27,163	4,515	31,134	19,906	16,176	43,275	74,463	15,388	-2,320	-201	-2,218	32,010	45,327	56,263	10,284	-1,596	196	1,118	9,694
Other Cashflows From Investing Activities	0	0	-14,785	-7,380	-54,823	816	-38,719	-1,751	-26,535	161,580	-584	6,391	-689	-1,777	142	18,191	1,618	-648	-3,966	21,707	1,993	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	47,324	-372	5,964	2,538	103,241	-9,885	14,795	-8,107	-6,797	13,374	1,683	8,888	14,054	56,954	48,049	27,258	-99,039	18,650	30,880	-69,805	35,531	25,328,000	-42,255	11,865,000	-105,667	91,380	19,799	-124,921	49,233	-7,974	66,997	10,144	107,736	9,692	65,321	-35,336	76,967	10,398	67,726	49,267	4,306	89,716	-33,056	-21,739	85,690	71,544	23,642	-65,189	-40,370	53,750	27,335	-14,779	20,753	24,680	9,183	24,312	-5,602	-13,905	17,575	-5,388	2,916	-1,881	-9,329	-101,162	20,728	-3,413	14,517	9,081	659	-9,958	84,115	12,308	20,696	10,558	11,667	-5,891	62,398	-14,253	-1,662	-47,643	296	19,403	-103,617	-1,594	95,039	117,110	45,116	-14,029	22,309	31,085	-13,892	-32,152	35,738	9,635	-3,662	-43,048	-32,063	392	15,171	-12,050	2	17,411	2,651	11,926	-21,333	-35,713	-2,117	-11,482	-10,279	-1,912	-7,395
Sale Purchase Of Stock	-16,994	-4,595	-173,234	-26,129	-26,632	-13,872	-14,839	-14,926	-21	-820	-14,783	-5,486	0	0	0	0	-24	-499	-78	96,128	2,448	0	2,448	0	-552	-324	-1,572	-902	-596	-295	-621	-876	-623	-1,250	-438	-3,103	-8,806	-611	-1,020	-3,380	-325	-19	-837	-2,146	-1,389	-164	-1,087	-1,481	-1,806	-778	-285	-611	1	-195	-82	-320	-10	-20	-2	-874	-4	-105	0	-660	0	0	0	0	0	0	0	-366	-366	-6,993	-3,649	-1,468	-7,326	0	0	0	0	0	0	0	62	274	-782	-6,023	-3,281	-3,775	0	0	0	0	0	0	0	0	0	0	-399	-200	0	0	0	0	0	0	0	0	0
Stock Based Compensation	22,564	12,065	10,546	12,004	-258	12,258	13,131	8,021	21,567	53,465	126	-1,963	3,611	6,459	1,039	3,070	18,408	6,026	3,634	2,972	2,098	5,037,000	8,032	4,950,000	5,560	5,228	5,530	4,685	4,771	3,266	5,314	4,445	5,463	3,437	4,428	4,368	-14,252	27,435	4,754	4,501	5,827	5,133	15,353	5,884	5,837	7,771	5,775	4,274	3,203	8,017	2,376	2,911	8,743	1,932	1,825	1,686	13,543	0	0	2	9,088	0	0	1,692	7,360	0	0	3	3,272	0	0	8,388	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,709
Total Cash From Financing Activities	-388,694	-6,833	45,598	12,923	-174,424	-77,518	58,677	6,529	-57,743	-211,340	-11,568	-41,142	-36,441	-70,535	-121,076	119,642	-9,527	-27,914	-35,041	60,753	114,607	47,618,000	114,607	37,089,000	-48,556	-77,009	10,958	98,714	-126,347	65,472	-155,191	26,046	84	-11,664	-3,357	-491	99,396	-60,496	-73,476	45,068	-67,001	-9,044	61,905	-17,718	-49,236	5,805	11,532	55,198	1,536	-11,263	55,340	6,788	22,728	-3,564	-8,051	8,924	17,616	2,310	-12,002	15,586	15,649	22,214	-5,535	28,601	-42,481	16,436	3,085	-8,637	-5,017	699	45,803	-12,576	-12,576	-17,689	-2,487	-1,615	18,544	-2,454	-77,824	-2,210	-1,670	419	-170,451	-9,125	-87,630	4,682	17,153	23,306	-10,382	20,274	37,516	-20,988	24,176	6,437	33,704	23,007	16,176	43,275	75,164	15,888	-2,718	-401	-2,218	32,211	47,636	55,077	10,284	-1,596	295	1,624	12,592
Total Cash From Operating Activities	208,352	16,604	-59,033	-85,113	283,451	172,638	-58,694	-48,577	141,190	18,975	33,447	5,771	44,896	31,187	-13,724	-19,954	92,379	34,397	40,963	-81,200	-116,831	-61,033,000	-18,826	-30,676,000	64,343	79,578	-9,810	-128,687	173,294	-78,972	188,329	-119,846	92,135	8,966	72,144	-39,303	-46,052	51,280	87,029	-32,958	60,498	22,367	-19,080	12,519	10,729	19,521	11,364	-37,066	12,024	28,006	8,485	-11,218	15,961	22,511	20,871	560	34,911	-620	33,605	-10,450	27,935	-14,954	17,426	-26,275	34,041	-7,547	4,196	9,015	10,027	-1,934	19,626	19,263	19,263	5,926	1,050	-1,737	11,499	4,672	2,741	347	9,245	8,278	5,063	3,617	86,290	11,703	-6,580	1,231	36,156	28,487	-5,472	10,651	46,051	5,766	-2,863	-4,101	-13,313	14,343	-1,493	5,796	5,204	4,399	-5,859	-10,737	7,198	2,194	91	-6,482	-7,502	-3,714	-5,796
Total Cashflows From Investing Activities	0	0	-19,303	-10,815	-51,991	-9,347	-46,648	-8,289	-11,911	163,295	-2,542	-7,032	-12,836	-10,094	-2,002	16,645	-3,192	-6,511	-8,283	18,101	-2,076	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Cost Of Revenue	1,764,005	1,673,576	906,856	571,588	376,280	991,198	1,023,476	936,133	879,716	798,518	754,494	739,121	674,460	477,491	354,312	392,145	351,851	246,799	261,687	203,004	276,157	311,321	350,692	401,822	200,472	157,646	109,592	99,502	77,478	32,225	17,500	16,400	13,600
Depreciation And Amortization	142,831	131,273	77,503	40,848	34,585	46,196	43,474	46,446	52,223	47,172	39,600	46,414	40,236	34,481	34,471	35,752	31,576	26,970	28,788	19,955	12,617	16,186	38,252	35,037	27,874	16,901	10,290	7,700	4,299	1,201	-1,700	-2,400	-3,300
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Ebit	116,923	274,348	60,966	83,740	40,695	-159,205	8,661	10,615	26,210	43,630	-107,920	-29,315	-1,017	17,882	12,310	17,528	-7,063	-19,700	3,468	6,874	29,133	134,271	-134,344	65,062	25,186	30,282	-11,788	12,200	6,498	3,803	2,800	2,600	900
Ebitda	259,754	405,621	138,469	124,588	75,280	-113,009	52,135	57,061	78,433	90,802	-68,320	17,099	39,219	52,363	46,781	53,280	24,513	7,270	32,256	26,829	41,750	150,457	-96,092	100,098	53,059	47,183	-1,499	19,900	10,797	5,004	1,100	200	-2,400
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	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Gross Profit	765,113	1,014,216	562,507	316,444	252,386	-991,198	-1,023,476	449,652	446,540	424,994	394,387	331,590	268,814	220,334	191,612	192,503	195,468	176,872	181,775	113,808	36,559	287,882	348,607	376,292	256,109	152,213	86,115	70,601	55,884	30,924	7,500	6,400	4,900
Income Before Tax	91,069	73,501	59,558	77,340	30,892	-80,407	87,078	-49,716	-17,416	15,109	-135,590	-65,079	-34,037	-3,903	-3,548	20,332	6,942	4,278	-8,522	9,065	16,587	116,474	-78,582	33,486	25,186	15,292	8,192	5,900	2,699	3,202	1,500	900	-1,100
Income Tax Expense	40,557	7,580	23,398	5,937	10,004	31,603	-168,064	-7,301	5,664	12,422	-4,291	9,553	41,735	-165	8,536	2,397	5,620	2,561	2,157	243	6,589	22,266	-16,169	5,956	9,303	6,137	2,797	800	100	100	100	-	-100
Interest Expense	90,644	76,062	31,894	6,223	8,659	67,075	65,123	65,858	57,903	55,265	45,234	46,571	41,922	33,487	22,098	14,998	13,672	11,278	9,260	8,788	11,502	17,797	31,776	31,575	0	14,990	0	6,300	3,799	600	500	700	900
Interest Income	0	0	0	0	0	0	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	29,643	38,573	-14,884	68,126	77,231	116,060	120,916	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income	134	65,921	36,160	56,356	18,404	-123,733	241,848	-47,942	-37,357	-24,057	-148,863	-85,439	-84,674	-15,440	-18,324	133	-26,355	-33,539	-7,949	-2,157	11,042	94,208	-149,952	27,531	15,883	9,155	-14,586	5,100	2,599	3,102	1,500	900	-1,400
Net Income Applicable To Common Shares	0	27,269	21,036	-243,150	-17,557	-138,362	205,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income From Continuing Ops	-39,718	65,921	35,920	71,461	11,114	-111,948	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Interest Income	-87,265	-76,062	-31,894	-6,223	-8,659	0	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	-9,744	46,486	0	6,701	-22,966	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Recurring	0	122,179	16,240	0	7,819	80,057	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Operating Income	116,923	274,348	60,966	83,740	40,695	9,696	131,959	96,955	72,110	87,749	-31,992	-17,908	9,307	28,929	20,244	20,344	23,015	13,286	22,588	2,822	23,942	-47,778	131,883	50,602	58,470	34,306	14,686	12,700	7,298	17,013	2,800	2,600	900
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	-	-	-
Other Operating Expenses	2,412,195	2,406,385	1,408,397	804,292	587,971	9,696	131,959	1,288,830	1,254,146	1,135,763	1,180,873	1,088,619	933,967	668,896	525,680	564,304	524,304	410,385	420,874	313,990	288,774	646,981	567,417	727,512	398,112	275,553	181,022	157,403	126,064	46,136	22,100	20,200	17,500
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	-	-	-
Reconciled Depreciation	143,426	131,273	77,503	41,025	35,729	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling And Marketing Expenses	13,060	0	0	0	8,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	661,250	601,536	424,038	191,679	175,962	349,056	0	306,251	322,207	290,073	386,779	303,084	0	156,924	136,897	0	0	0	0	0	0	0	274,271	290,654	169,766	101,006	61,140	50,201	44,287	12,710	-	-	-
Tax Provision	-145	7,580	23,398	5,937	10,004	0	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	648,190	732,809	501,541	232,704	211,691	-1,000,894	-1,155,435	352,697	374,430	337,245	426,379	349,498	259,507	191,405	171,368	172,159	172,453	163,586	159,187	110,986	12,617	335,660	216,724	325,690	197,639	117,907	71,430	57,901	48,586	13,911	4,600	3,800	3,900
Total Other Income Expense Net	-25,854	-200,847	-1,408	-6,400	-9,803	-90,103	-44,881	-146,671	-89,526	-72,640	-103,598	-47,171	-43,344	-32,832	-23,792	-12	-16,073	-9,008	-31,110	6,243	-7,355	164,252	-210,465	-17,115	-33,284	-19,014	-6,494	-6,800	-4,599	-13,811	-1,300	-1,700	-2,000
Total Revenue	2,529,118	2,687,792	1,469,363	888,032	628,666	1,476,203	0	1,385,785	1,326,256	1,223,512	1,148,881	1,070,711	943,274	697,825	545,924	584,648	547,319	423,671	443,462	316,812	312,716	599,203	699,300	778,114	456,581	309,859	195,707	170,103	133,362	63,149	25,000	22,800	18,500

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31
Cost Of Revenue	454,901	384,980	402,431	413,898	419,811	417,134	424,661	411,970	348,000	324,782	122,074	111,999	198,524	149,011	165,631	222,693	260,725	222,448	240,749	237,153	266,511	238,690,000	253,390,000	243,030,000	298,789	249,418,000	267,822,000	237,563,000	260,193	235,659	228,835	211,446	231,330	212,925	225,042	210,419	190,138	216,505	200,182	191,693	197,717	189,219	190,695	179,007	193,004	180,888	188,929	177,260	177,487	175,421	162,408	159,144	141,435	122,891	116,766	96,969	94,668	85,526	88,238	85,879	95,212	95,747	104,012	97,591	94,626	90,853	87,817	78,555	69,009	57,150	60,900	71,579	73,651	67,871	65,311	169,010	169,010	12,433	10,730	11,567	229,245	12,248	71,841	74,631	78,061	71,981	77,124	87,152	90,756	82,334	90,276	89,942	111,463	95,482	94,328	103,208	54,291	43,265	53,528	47,814	39,759	41,701	47,127	33,275	12,818	29,992	33,392	33,415	30,639	26,486	20,772	20,444	16,312	19,121	15,490	-	-	-	-
Depreciation And Amortization	35,036	38,830	35,488	33,697	35,631	32,207	34,376	31,917	31,381	24,790	10,381	10,950	11,187	9,974	8,898	9,206	9,460	9,368	10,663	8,838	10,970	11,134,000	11,703,000	12,375,000	8,248	11,252,000	10,766,000	10,898,000	12,378	11,412	11,436	11,220	12,830	13,086	14,007	12,300	12,667	12,480	10,730	11,295	11,145	9,218	9,615	9,622	10,343	12,427	13,643	10,001	10,235	9,882	9,736	10,383	11,285	9,324	8,039	5,833	11,760	7,514	7,604	7,593	8,389	7,893	9,036	10,434	6,855	10,817	7,361	6,543	6,777	7,469	4,409	8,315	8,071	8,224	7,762	5,166	5,166	9,996	2,450	2,343	2,760	2,265	3,927	3,664	4,076	3,086	3,652	5,372	9,133	8,195	11,078	9,846	9,769	10,644	7,202	7,423	8,290	7,048	6,534	6,002	5,173	4,524	3,707	3,497	992	3,099	3,188	3,010	1,803	3,001	1,500	1,396	1,400	1,003	799	30,959	-14,957	-14,985	-14,999
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	18,152	33,471	31,408	16,233	73,087	95,411	48,332	54,660	35,228	40,913	24,330	7,300	36,934	26,446	24,821	30,115	-2,874	1,705	6,378	635	-167,787	-30,202,000	-11,635,000	-53,977,000	1,650	11,139,000	206,000	-23,365,000	15,083	-17,530	22,752	-9,690	-5,111	4,843	47,527	-21,049	-2,508	8,834	33,730	3,574	-78,581	-6,277	21,918	-44,980	-8,858	-695	-5,740	-14,022	-6,017	-8,816	12,579	1,237	19,243	-1,731	3,172	-2,909	-2,481	4,977	5,410	4,787	2,202	5,073	-529	-4,219	4,031	-9,589	-3,893	-11,285	-721	-13,721	-11,033	-5,629	2,532	-1,555	-2,590	-8,339	-8,339	-2,580	1,009	735	-1,035	2,520	15,651	1,342	2,790	4,099	103,627	10,512	-22,324	-121,374	-26,142	2,671	6,041	4,814	3,275	20,070	6,701	6,495	6,268	5,602	4,566	3,609	4,002	3,497	-3,291	0	300	-8,931	5,700	-900	-300	1,197	-2,902	300	1,599	-30,249	15,754	15,784	15,799
Ebitda	53,188	72,301	66,896	49,930	108,718	127,618	82,708	86,577	66,609	65,703	34,711	18,250	48,121	36,420	33,719	39,321	6,586	11,073	17,041	9,473	-156,817	-19,068,000	68,000	-41,602,000	9,898	22,391,000	10,972,000	-12,467,000	27,461	-6,118	34,188	1,530	7,719	17,929	61,534	-8,749	10,159	21,314	44,460	14,869	-67,436	2,941	31,533	-35,358	1,485	11,732	7,903	-4,021	4,218	1,066	22,315	11,620	30,528	7,593	11,211	2,924	9,279	12,491	13,014	12,380	10,591	12,966	8,507	6,215	10,886	1,228	3,468	-4,742	6,056	-6,252	-6,624	2,686	10,603	6,669	5,172	-3,173	-3,173	7,416	3,459	3,078	1,726	4,785	19,579	5,006	6,866	7,184	107,280	15,884	-13,191	-113,179	-15,064	12,517	15,810	15,458	10,477	27,492	14,990	13,543	12,802	11,603	9,739	8,133	7,709	6,995	-2,298	3,099	3,488	-5,920	7,504	2,101	1,200	2,593	-1,502	1,303	2,398	709	798	799	800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	195,844	232,593	229,834	208,546	288,374	246,657	248,252	230,933	263,927	141,852	87,486	69,243	114,538	79,086	94,046	105,049	121,250	120,459	121,381	91,638	-1,263,197	-238,690,000	-253,390,000	-243,030,000	-1,371,117	-249,418,000	-267,822,000	-237,563,000	130,249	113,595	108,212	97,596	127,683	115,490	111,564	91,803	96,196	110,385	117,537	100,876	108,644	99,688	97,442	88,007	100,438	86,929	85,173	58,718	69,563	62,825	78,068	58,358	71,989	55,706	53,223	39,213	55,010	49,099	46,644	40,859	45,043	47,681	54,263	45,753	57,855	49,197	47,440	40,976	55,329	43,972	39,238	45,061	52,989	51,027	43,171	-81,172	-81,172	70,986	65,257	63,546	-153,185	55,762	66,958	68,277	71,683	67,294	68,587	82,955	84,100	84,022	94,497	90,928	106,171	98,169	90,638	87,602	76,854	62,849	62,582	52,216	44,852	40,198	42,524	28,079	8,136	25,293	27,693	24,986	27,025	17,391	12,883	14,460	13,910	16,518	15,590	15,887	15,754	15,784	15,799
Income Before Tax	90,342	7,445	-4,312	-2,406	-39,011	46,601	30,130	35,781	19,092	13,182	22,010	5,272	35,376	24,075	-4,619	15,294	2,545	8,907	9,215	981	-55,326	-10,981,000	7,956,000	-36,935,000	112,159	29,611,000	17,467,000	-5,575,000	878	-33,081	7,122	-24,635	-18,712	-6,529	35,647	-27,822	4,755	-3,541	21,670	-7,775	-88,114	-7,583	13,256	-54,908	-17,384	-10,631	-14,312	-23,633	-13,881	-17,540	4,361	-6,977	14,246	-7,120	-2,581	-8,865	-10,735	3,329	2,673	1,185	10,193	6,289	4,076	-264	16,969	-4,550	1,465	-6,944	5,010	-2,298	1,808	-5,629	-13,381	3,298	2,428	87	87	-783	2,575	592	-2,079	2,520	15,651	1,342	2,790	4,099	103,627	12,819	39,850	-121,374	287	2,671	6,041	4,814	3,275	20,070	6,701	6,495	6,268	5,602	4,566	3,609	4,002	3,497	16,690	0	300	-8,931	5,700	-900	-300	1,197	-2,902	300	1,599	-	-	-	-
Income Tax Expense	35,560	4,324	5,717	2,384	-12,570	11,540	5,421	3,189	14,193	5,183	3,348	673	2,726	2,618	-7,923	13,500	4,241	3,457	2,088	748	36,870	2,986,000	1,977,000	-8,330,000	-164,816	9,049,000	4,641,000	3,969,000	-9,194	-540	4,405	-1,972	6,230	-1,191	4,679	-4,054	9,641	-263	3,378	-334	3,898	4,334	1,727	-14,250	3,539	2,207	2,544	1,263	40,831	-42	590	358	-1,373	300	552	249	5,163	1,149	1,608	615	-2,545	1,824	3,943	-825	12,216	-2,816	-1,292	-2,488	4,272	-812	-530	-497	4,079	100	-1,626	341	341	294	-386	1,753	474	-817	6,560	433	563	634	18,996	2,903	12,059	-29,636	596	839	-1,566	2,110	1,086	4,492	2,109	2,498	2,388	2,201	1,726	1,403	1,601	1,499	3,097	-600	-100	301	1,799	-1,099	100	-100	-1,001	-901	500	-30,959	14,957	14,985	14,999
Interest Expense	22,889	25,886	23,680	18,189	19,510	19,672	18,151	18,729	16,697	11,912	1,935	1,351	1,558	1,778	15,942	15,612	64,942	16,110	16,413	16,760	117,358	17,063,000	17,018,000	16,231,000	115,406	16,403,000	15,688,000	16,768,000	16,569	16,540	17,174	15,575	14,881	14,638	13,288	15,096	14,610	14,019	13,882	12,754	11,842	10,589	10,375	12,428	12,151	11,594	11,830	10,996	10,892	10,800	10,666	9,564	9,147	8,887	8,425	7,028	10,822	3,792	3,723	3,761	14,998	4	4	4	13,672	3,691	3,768	2,723	11,278	3,704,000	1,780,000	3	9,260	2	2	8,788	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-50,056	-2,464	-5,552	-5,460	-21,095	24,665	14,056	-20,947	-3,897	-9,994	8,231	4,491	68,126	65,565	3,101	791	5,419	7,265	3,043	429	5,885	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income	1,286	653	-4,693	-4,790	-26,441	35,061	24,709	32,592	837	-2,071	17,345	4,365	19,106	17,808	-595	1,003	-7,115	-1,752	4,290	-113	-87,299	-16,125,000	3,406,000	-29,416,000	281,872	18,493,000	11,253,000	-10,566,000	7,708	-33,530	1,173	-23,293	-26,222	-8,604	29,560	-32,091	-26,759	-4,922	16,470	-8,846	-94,321	-21,200	9,816	-43,158	-24,548	-14,496	-20,114	-26,281	-57,740	-19,574	1,323	-8,685	11,469	-10,918	-5,805	-10,186	-18,466	36	79	411	4,747	3,249	-4,472	-3,394	-8,185	-6,773	-2,601	-8,797	-4,993	-12,909	-10,503	-5,132	-1,547	-1,655	-964	-8,680	-8,680	-2,874	1,395	-1,018	-1,509	3,337	9,092	909	2,228	3,465	84,632	7,609	-34,383	-91,737	-26,738	1,832	7,608	2,705	2,189	15,578	4,592	3,997	3,880	3,401	2,840	2,205	2,401	1,999	-6,388	600	400	-9,232	3,901	200	-399	1,296	-1,901	1,201	1,099	709	798	799	800
Net Income Applicable To Common Shares	0	0	-4,693	443	-6,478	10,609	10,463	12,675	837	-2,071	6,106	5,010	-237,108	360	-593	1,003	-4,732	-1,752	4,290	-2,496	-83,544	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	53,787	3,117	-10,029	-4,790	-26,441	35,061	24,709	33,622	4,734	7,923	14,488	9,994	32,701	14,835	3,306	1,794	-1,696	5,450	7,127	233	-75,355	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Interest Income	-22,889	-25,886	-23,680	-18,189	-19,510	-19,672	-18,151	-18,729	-16,697	-11,912	-19,512	-1,351	-1,558	-1,778	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,110	-677	-6,816	-3,567	-241	880	-2,960	44,652	2,593	2,201	0	2,633	10,428	1,577	6,508	-4,341	2,392	2,142	-14,919	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Recurring	0	0	10,562	0	94,145	25,211	2,266	557	439	14,926	0	875	0	159	18,839	161	5,875	1,944	0	0	56,732	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	18,152	33,742	21,262	16,233	73,087	95,411	48,332	54,660	33,914	-19,634	24,431	6,015	38,853	26,446	98	29,490	17,571	31,365	23,442	15,682	-78,711	2,618,000	30,772,000	-14,633,000	43,552	37,220,000	26,381,000	8,399,000	45,460	18,880	24,067	8,548	-1,185	23,618	44,482	5,195	27,999	20,094	28,249	11,407	-71,745	1,236	26,474	10,380	-5,692	1,326	-2,717	-11,655	-3,844	-3,648	14,555	2,244	22,470	1,259	6,074	-1,245	-921	10,184	8,867	2,114	5,083	7,336	8,075	-184	19,395	2,068	5,191	-3,640	8,010	610	2,935	1,355	11,989	6,876	3,550	1,400	1,400	3,739	4,381	-4,680	-1,797	7,827	6,115	8,881	-85,700	10,321	9,164	18,750	-21,489	116,276	7,919	10,500	14,511	14,135	11,537	14,548	15,304	14,288	15,322	13,204	10,448	9,022	9,005	6,495	7,587	2,699	2,899	1,505	8,502	800	599	2,792	3,302	5,106	4,697	-30,249	15,754	15,784	15,799
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Operating Expenses	632,593	583,831	600,441	606,211	627,857	568,527	622,315	587,686	576,699	471,342	185,129	175,227	274,209	201,651	240,739	298,252	364,404	311,542	338,688	313,109	2,862	2,618,000	30,772,000	14,633,000	35,140	37,220,000	26,381,000	8,399,000	344,982	330,374	312,980	300,494	360,198	304,797	292,124	297,027	258,335	306,796	289,470	281,162	378,106	287,671	261,663	256,634	299,134	266,491	276,819	247,633	250,894	241,894	225,921	215,258	190,954	177,338	163,915	137,427	150,599	124,441	126,015	124,624	135,172	136,092	150,200	143,528	133,086	137,982	130,066	123,171	116,328	100,512	97,203	115,285	114,651	112,022	104,932	86,438	86,438	79,680	71,606	79,793	77,857	60,183	132,684	134,027	235,444	128,954	136,547	151,358	196,345	50,080	176,854	170,370	203,123	179,515	173,430	176,263	115,840	91,826	100,787	86,826	74,163	72,877	80,646	54,859	13,367	52,586	58,186	56,896	49,161	43,077	33,056	32,111	26,919	30,534	26,383	46,136	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	111,689	38,830	35,488	33,477	35,631	32,207	32,231	31,204	31,381	24,790	8,005	10,950	11,187	9,974	8,898	9,206	9,460	9,368	10,663	8,838	0	-	-	0	0	-	-	0	12,378	11,412	11,436	11,220	12,830	13,086	14,007	12,300	12,667	12,480	10,730	11,295	11,145	9,218	9,615	9,622	10,343	12,427	13,643	10,001	10,235	9,882	9,736	10,383	11,285	9,324	8,039	5,833	11,760	7,514	7,604	7,593	8,389	7,893	9,036	10,434	6,855	10,817	7,361	6,543	6,777	7,469	4,409	8,315	8,071	8,224	7,762	4,731	5,166	9,996	2,450	2,343	2,760	2,265	3,927	3,664	4,076	3,086	3,652	5,372	9,133	8,195	11,078	9,846	9,769	10,644	7,202	7,423	8,290	7,048	6,534	6,002	5,173	4,524	3,707	3,497	992	3,099	3,188	3,010	1,803	3,001	1,500	1,396	1,400	1,003	799	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling And Marketing Expenses	301,508	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,206	9,460	9,368	10,663	8,838	0	-	-	0	0	-	-	0	12,378	11,412	11,436	11,220	12,830	13,086	14,007	12,300	12,667	12,480	10,730	11,295	11,145	9,476	9,615	9,622	9,901	12,435	13,645	10,001	82,692	9,882	9,736	10,383	11,285	9,353	8,039	5,833	11,760	7,514	7,604	7,593	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	40,133	0	10,670	9,846	9,769	10,824	7,768	7,423	8,290	6,994	6,368	6,002	5,173	4,711	3,902	3,497	992	2,999	3,199	3,010	1,803	2,998	1,498	1,396	0	0	0	-	-	-	-
Selling General Administrative	179,871	160,021	162,522	158,836	172,415	119,186	165,423	144,512	197,318	121,770	52,674	52,278	64,498	42,666	66,210	66,353	94,219	79,726	87,276	67,118	228,423	-	-	0	228,423	-	-	0	72,411	83,303	72,709	77,828	116,038	78,786	53,075	74,308	55,530	77,811	78,558	78,174	169,244	88,976	61,353	68,005	96,229	73,168	74,245	60,372	156,099	56,591	53,777	45,731	38,234	45,094	39,110	34,625	44,171	31,401	30,173	31,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	56,974	59,423	64,205	65,457	65,425	75,908	70,582	81,892	73,209	71,334	65,632	53,260	41,566	40,892	33,010	29,231	26,464	29,617	18,086	443	19,595	21,595	20,470	16,719	13,593	10,786	10,272	0	0	0	-	-	-	-
Tax Provision	28,132	4,324	5,717	2,384	-12,570	11,540	5,421	3,189	14,193	5,183	1,387	673	2,726	2,618	0	0	0	0	0	0	0	-	-	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	177,692	198,851	198,010	192,313	208,046	151,393	197,654	175,716	228,699	146,560	63,055	63,228	75,685	52,640	75,108	75,559	103,679	89,094	97,939	75,956	-263,649	-241,308,000	-284,162,000	-228,397,000	-263,649	-286,638,000	-294,203,000	-245,962,000	84,789	94,715	84,145	89,048	128,868	91,872	67,082	86,608	68,197	90,291	89,288	89,469	180,389	98,452	70,968	77,627	106,130	85,603	87,890	70,373	73,407	66,473	63,513	56,114	49,519	54,447	47,149	40,458	55,931	38,915	37,777	38,745	39,960	40,345	46,188	45,937	38,460	47,129	42,249	44,616	47,319	43,362	36,303	43,706	41,000	44,151	39,621	-82,572	-82,572	67,247	60,876	68,226	-151,388	47,935	60,842	59,396	157,382	56,973	59,423	64,205	105,589	-32,254	86,578	80,429	91,661	84,033	79,102	73,054	61,550	48,561	47,259	39,012	34,404	31,176	33,519	21,584	549	22,594	24,794	23,481	18,522	16,591	12,284	11,668	10,608	11,413	10,893	-46,136	-	-	-
Total Other Income Expense Net	72,190	-411	-12,456	-18,639	-112,098	-48,810	-18,202	-18,879	561	29,802	-486	608	-1,919	-593	-7,615	-14,196	-15,026	-22,458	-14,227	-14,701	23,385	-13,599,000	-22,816,000	-22,302,000	68,607	-7,609,000	-8,914,000	-13,974,000	-44,582	-51,961	-16,945	-33,183	-17,527	-30,147	-8,835	-33,017	-23,244	-23,635	-6,579	-19,182	-16,369	-8,819	-13,218	-65,288	-11,692	-11,957	-11,595	-11,978	-10,037	-13,892	-10,194	-9,221	-8,224	-8,379	-8,655	-7,620	-9,814	-6,855	-6,194	-929	5,110	-1,047	-3,999	-80	-2,426	-6,618	-3,726	-3,304	-3,000	-2,908	-1,127	-6,984	-25,370	-3,578	-1,122	-1,313	-1,313	-4,522	-1,806	5,272	-281	-5,307	9,536	-7,539	88,490	-6,222	94,463	-5,931	61,339	-237,650	-7,632	-7,829	-8,470	-9,321	-8,261	5,522	-8,604	-7,794	-9,054	-7,602	-5,882	-5,413	-5,003	-2,998	9,102	0	-2,599	-10,436	-2,802	-1,699	-899	-1,596	-6,204	-4,805	-3,098	-	-	-	-
Total Revenue	650,745	617,573	632,265	622,444	708,185	663,791	672,913	642,903	611,927	466,634	209,560	181,242	313,062	228,097	259,677	327,742	381,975	342,907	362,130	328,791	-996,686	-	-	0	-1,072,328	-	-	0	390,442	349,254	337,047	309,042	359,013	328,415	336,606	302,222	286,334	326,890	317,719	292,569	306,361	288,907	288,137	267,014	293,442	267,817	274,102	235,978	247,050	238,246	240,476	217,502	213,424	178,597	169,989	136,182	149,678	134,625	134,882	126,738	140,255	143,428	158,275	143,344	152,481	140,050	135,257	119,531	124,338	101,122	100,138	116,640	126,640	118,898	108,482	87,838	87,838	83,419	75,987	75,113	76,059	68,010	138,799	142,908	149,744	139,275	145,711	170,108	174,856	166,356	184,773	180,870	217,634	193,651	184,967	190,810	131,145	106,114	116,109	100,030	84,611	81,899	89,651	61,354	20,955	55,285	61,085	58,401	57,664	43,876	33,655	34,904	30,222	35,639	31,080	15,887	15,754	15,784	15,799

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

Gross Profit (+$)
totalRevenue	2,529,118
Cost of Revenue	-1,764,005
Gross Profit	765,113	765,113

Operating Income (+$)
Gross Profit	765,113
Operating Expense	-648,190
Operating Income	116,923	116,923

Operating Expense (+$)
Research Development	0
Selling General Administrative	661,250
Selling And Marketing Expenses	13,060
Operating Expense	648,190	674,310

Net Interest Income (+$)
Interest Income	0
Interest Expense	-90,644
Other Finance Cost	-3,379
Net Interest Income	-87,265

Pretax Income (+$)
Operating Income	116,923
Net Interest Income	-87,265
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	91,069	142,777 EBIT - interestExpense = 26,279 40,691 90,778
Interest Expense	90,644
Earnings Before Interest and Taxes (EBIT)	116,923	181,713
Earnings Before Interest and Taxes (EBITDA)	259,754

After tax Income (+$)
Income Before Tax	91,069
Tax Provision	--145
Net Income From Continuing Ops	-39,718	91,214
Net Income	134
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	2,412,195
Total Other Income/Expenses Net	-25,854	87,265

Technical Analysis of Stagwell Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Stagwell Inc. The general trend of Stagwell Inc 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 Stagwell Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (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 Stagwell Inc.

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

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

The bullish price targets are: 6.175 < 6.19 < 6.195.

The bearish price targets are: 5.2925 > 4.925 > 4.88.

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Stagwell Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Stagwell Inc. 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 lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close > MA 50: The price is above the MA 50. +1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending 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.

Stagwell Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Stagwell Inc. The current macd is -0.02764835.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 Stagwell Inc price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Stagwell Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Stagwell Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Stagwell Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of Stagwell Inc. The current adx is 14.51.

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 Stagwell Inc 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

Stagwell Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Stagwell Inc. The current sar is 5.30855.

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

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 Stagwell Inc. The current rsi is 59.06. 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.

Stagwell Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Stagwell Inc. 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 Stagwell Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Stagwell Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Stagwell Inc. The current cci is 115.29.

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

Stagwell Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Stagwell Inc. The current cmo is 33.49.

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

Stagwell Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Stagwell Inc. The current willr is -1.86915888.

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

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 Stagwell Inc.

Stagwell Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of Stagwell Inc. The current atr is 0.24804975.

Stagwell Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Stagwell Inc. The current obv is -8,831,795.

Stagwell Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Stagwell Inc. The current mfi is 55.54.

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

Stagwell Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Stagwell Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	59.058
Ma 20	Greater than	Ma 50	5.738
Ma 50	Greater than	Ma 100	5.890
Ma 100	Greater than	Ma 200	6.079
Open	Greater than	Close	5.960
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Stagwell Inc (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Stagwell Inc (5 min.)

$6.08

$7.13

$-724.59 - $90.81

$-717.46 - $97.94

2. Growth of Stagwell Inc (5 min.)

Is Stagwell Inc growing?

How much money is Stagwell Inc making?

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

3. Financial Health of Stagwell Inc (5 min.)

4. Comparing to competitors in the Advertising Agencies industry (5 min.)

Industry Rankings (Advertising Agencies)

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

What can you expect buying and holding a share of Stagwell Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Stagwell Inc

About Stagwell Inc

Financial Health

Valuation

1.1. Profitability of Stagwell Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Advertising Agencies)

1.1.2. Return on Assets

Trends

Compared to industry (Advertising Agencies)

1.1.3. Return on Equity

Trends

Compared to industry (Advertising Agencies)

1.2. Operating Efficiency of Stagwell Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Advertising Agencies)

1.2.2. Operating Ratio

Trends

Compared to industry (Advertising Agencies)

1.3. Liquidity of Stagwell Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Advertising Agencies)

1.3.2. Quick Ratio

Trends

Compared to industry (Advertising Agencies)

1.4. Solvency of Stagwell Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Advertising Agencies)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Advertising Agencies)

2. Market Valuation of Stagwell Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Advertising Agencies)

Stagwell Inc
Buy, Hold or Sell?