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Warner Bros Discovery Inc
Buy, Hold or Sell?

Let's analyze Warner Bros Discovery Inc together

I guess you are interested in Warner Bros Discovery 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 Warner Bros Discovery 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.

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1. Quick Overview

1.1. Quick analysis of Warner Bros Discovery Inc (30 sec.)










1.2. What can you expect buying and holding a share of Warner Bros Discovery Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
32.5%

What is your share worth?

Current worth
$14.65
Expected worth in 1 year
$10.48
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
$-4.16
Return On Investment
-39.0%

For what price can you sell your share?

Current Price per Share
$10.68
Expected price per share
$9.05 - $12.00
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Warner Bros Discovery Inc (5 min.)




Live pricePrice per Share (EOD)
$10.68
Intrinsic Value Per Share
$11.40 - $20.81
Total Value Per Share
$26.04 - $35.46

2.2. Growth of Warner Bros Discovery Inc (5 min.)




Is Warner Bros Discovery Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$36.1b$47.3b-$6.5b-16.0%

How much money is Warner Bros Discovery Inc making?

Current yearPrevious yearGrowGrow %
Making money-$2.8b-$1.1b-$1.6b-57.8%
Net Profit Margin-29.1%-11.2%--

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

2.3. Financial Health of Warner Bros Discovery Inc (5 min.)




2.4. Comparing to competitors in the Entertainment industry (5 min.)




  Industry Rankings (Entertainment)  


Richest
#4 / 234

Most Revenue
#4 / 234

Most Profit
#234 / 234

Most Efficient
#180 / 234
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Warner Bros Discovery Inc?

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

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

Speculation

The Price per Share of Warner Bros Discovery Inc is $10.68. 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 Warner Bros Discovery 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 Warner Bros Discovery 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 $14.65. Based on the TTM, the Book Value Change Per Share is $-1.04 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.40 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 Warner Bros Discovery Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.000.0%-1.16-10.8%-0.49-4.6%-0.39-3.6%-0.15-1.4%
Usd Book Value Change Per Share0.212.0%-1.04-9.7%-0.40-3.8%0.504.6%0.302.8%
Usd Dividend Per Share0.000.0%0.000.0%0.030.3%0.010.1%0.100.9%
Usd Total Gains Per Share0.212.0%-1.04-9.7%-0.37-3.5%0.514.8%0.393.7%
Usd Price Per Share8.25-8.95-12.00-19.09-23.25-
Price to Earnings Ratio-1,698.13--430.39--8.40--40.69--31.43-
Price-to-Total Gains Ratio39.49-26.01--37.77-267.49-191.56-
Price to Book Ratio0.56-0.54-0.62-2.96-6.39-
Price-to-Total Gains Ratio39.49-26.01--37.77-267.49-191.56-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share10.68
Number of shares93
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.01
Usd Book Value Change Per Share-1.040.50
Usd Total Gains Per Share-1.040.51
Gains per Quarter (93 shares)-96.8147.27
Gains per Year (93 shares)-387.23189.08
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-387-3974185179
20-774-7849369368
30-1162-117113554557
40-1549-155818738746
50-1936-194522923935
60-2323-23322711081124
70-2711-27193112921313
80-3098-31063614771502
90-3485-34934016621691
100-3872-38804518461880

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%2.010.00.016.7%10.010.00.050.0%28.012.00.070.0%69.014.00.083.1%
Book Value Change Per Share2.02.00.050.0%4.08.00.033.3%11.09.00.055.0%21.019.00.052.5%51.029.03.061.4%
Dividend per Share0.00.04.00.0%7.00.05.058.3%7.00.013.035.0%13.00.027.032.5%18.00.065.021.7%
Total Gains per Share2.02.00.050.0%5.07.00.041.7%12.08.00.060.0%24.016.00.060.0%54.026.03.065.1%
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3.2. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.209-1.041+598%-0.401+292%0.496-58%0.298-30%
Book Value Per Share--14.64516.622-12%19.305-24%11.850+24%7.449+97%
Current Ratio--0.7970.825-3%0.866-8%1.379-42%1.639-51%
Debt To Asset Ratio--0.6600.644+2%0.633+4%0.633+4%0.648+2%
Debt To Equity Ratio--1.9991.872+7%1.781+12%1.905+5%2.099-5%
Dividend Per Share----0%0.029-100%0.012-100%0.095-100%
Enterprise Value---46445500000.000-47701167176.000+3%-49519476809.600+7%-797790649.280-98%26198230994.400-277%
Eps---0.001-1.157+95174%-0.492+40401%-0.385+31635%-0.149+12136%
Ev To Ebitda Ratio---10.653-5.677-47%-2.124-80%1.991-635%8.271-229%
Ev To Sales Ratio---1.207-1.207+0%-1.177-2%1.469-182%4.320-128%
Free Cash Flow Per Share--0.3950.575-31%0.543-27%0.361+9%0.270+47%
Free Cash Flow To Equity Per Share--0.0410.099-59%-0.025+162%-0.036+189%0.084-51%
Gross Profit Margin--561.667143.301+292%3.646+15304%24.909+2155%13.425+4084%
Intrinsic Value_10Y_max--20.811--------
Intrinsic Value_10Y_min--11.397--------
Intrinsic Value_1Y_max--1.768--------
Intrinsic Value_1Y_min--1.096--------
Intrinsic Value_3Y_max--5.555--------
Intrinsic Value_3Y_min--3.353--------
Intrinsic Value_5Y_max--9.632--------
Intrinsic Value_5Y_min--5.657--------
Market Cap26199854745.600+22%20377500000.00021990582824.000-7%29425773190.400-31%46840409350.720-56%57027405994.400-64%
Net Profit Margin--0.000-0.291+93287%-0.112+35941%-0.051+16408%0.029-101%
Operating Margin---0.070-0.299+328%0.161-143%0.048-245%0.168-142%
Operating Ratio--0.9711.013-4%1.033-6%1.094-11%0.898+8%
Pb Ratio0.729+23%0.5630.538+5%0.622-9%2.955-81%6.385-91%
Pe Ratio-2198.300-29%-1698.125-430.393-75%-8.401-100%-40.685-98%-31.428-98%
Price Per Share10.680+23%8.2508.950-8%11.995-31%19.091-57%23.245-65%
Price To Free Cash Flow Ratio6.757+23%5.2206.433-19%0.021+24291%21.054-75%57.317-91%
Price To Total Gains Ratio51.120+23%39.48926.015+52%-37.767+196%267.487-85%191.556-79%
Quick Ratio--0.5650.571-1%0.628-10%1.104-49%1.337-58%
Return On Assets--0.000-0.026+91867%-0.009+32370%-0.004+14436%0.003-101%
Return On Equity--0.000-0.080+93958%-0.026+30185%-0.011+12991%0.009-101%
Total Gains Per Share--0.209-1.041+598%-0.372+278%0.508-59%0.394-47%
Usd Book Value--36174000000.00040838750000.000-11%47359000000.000-24%29082500000.000+24%18279400000.000+98%
Usd Book Value Change Per Share--0.209-1.041+598%-0.401+292%0.496-58%0.298-30%
Usd Book Value Per Share--14.64516.622-12%19.305-24%11.850+24%7.449+97%
Usd Dividend Per Share----0%0.029-100%0.012-100%0.095-100%
Usd Enterprise Value---46445500000.000-47701167176.000+3%-49519476809.600+7%-797790649.280-98%26198230994.400-277%
Usd Eps---0.001-1.157+95174%-0.492+40401%-0.385+31635%-0.149+12136%
Usd Free Cash Flow--976000000.0001413000000.000-31%1333250000.000-27%885700000.000+10%661600000.000+48%
Usd Free Cash Flow Per Share--0.3950.575-31%0.543-27%0.361+9%0.270+47%
Usd Free Cash Flow To Equity Per Share--0.0410.099-59%-0.025+162%-0.036+189%0.084-51%
Usd Market Cap26199854745.600+22%20377500000.00021990582824.000-7%29425773190.400-31%46840409350.720-56%57027405994.400-64%
Usd Price Per Share10.680+23%8.2508.950-8%11.995-31%19.091-57%23.245-65%
Usd Profit---3000000.000-2838750000.000+94525%-1199000000.000+39867%-925500000.000+30750%-354550000.000+11718%
Usd Revenue--9623000000.0009894250000.000-3%10511250000.000-8%6508350000.000+48%4260750000.000+126%
Usd Total Gains Per Share--0.209-1.041+598%-0.372+278%0.508-59%0.394-47%
 EOD+5 -3MRQTTM+20 -18YOY+20 -205Y+21 -1910Y+16 -24

3.3 Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2,198.300
Price to Book Ratio (EOD)Between0-10.729
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than0-0.070
Quick Ratio (MRQ)Greater than10.565
Current Ratio (MRQ)Greater than10.797
Debt to Asset Ratio (MRQ)Less than10.660
Debt to Equity Ratio (MRQ)Less than11.999
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.050.000
Total2/10 (20.0%)

3.4 Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5071.570
Ma 20Greater thanMa 509.949
Ma 50Greater thanMa 1008.682
Ma 100Greater thanMa 2008.286
OpenGreater thanClose10.630
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Warner Bros Discovery Inc

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

Fundamental data was last updated by Penke on 2024-11-24 11:30:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared 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 yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Warner Bros Discovery Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • A Net Profit Margin of 0.0% 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 Warner Bros Discovery Inc:

  • The MRQ is 0.0%. The company is not making a profit/loss.
  • The TTM is -29.1%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ0.0%TTM-29.1%+29.1%
TTM-29.1%YOY-11.2%-17.9%
TTM-29.1%5Y-5.1%-24.0%
5Y-5.1%10Y2.9%-8.0%
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0%-0.9%+0.9%
TTM-29.1%-2.9%-26.2%
YOY-11.2%-3.0%-8.2%
5Y-5.1%-10.7%+5.6%
10Y2.9%-9.2%+12.1%
4.3.1.2. Return on Assets

Shows how efficient Warner Bros Discovery Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • 0.0% Return on Assets means that Warner Bros Discovery Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Warner Bros Discovery Inc:

  • The MRQ is 0.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.0%TTM-2.6%+2.6%
TTM-2.6%YOY-0.9%-1.7%
TTM-2.6%5Y-0.4%-2.2%
5Y-0.4%10Y0.3%-0.7%
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0%-0.2%+0.2%
TTM-2.6%-0.4%-2.2%
YOY-0.9%-0.3%-0.6%
5Y-0.4%-0.8%+0.4%
10Y0.3%-0.5%+0.8%
4.3.1.3. Return on Equity

Shows how efficient Warner Bros Discovery Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • 0.0% Return on Equity means Warner Bros Discovery Inc generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Warner Bros Discovery Inc:

  • The MRQ is 0.0%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -8.0%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.0%TTM-8.0%+8.0%
TTM-8.0%YOY-2.6%-5.5%
TTM-8.0%5Y-1.1%-6.9%
5Y-1.1%10Y0.9%-2.1%
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0%0.5%-0.5%
TTM-8.0%0.2%-8.2%
YOY-2.6%-0.1%-2.5%
5Y-1.1%-1.2%+0.1%
10Y0.9%-1.0%+1.9%
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4.3.2. Operating Efficiency of Warner Bros Discovery Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Warner Bros Discovery Inc is operating .

  • Measures how much profit Warner Bros Discovery 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 Warner Bros Discovery Inc to the Entertainment industry mean.
  • An Operating Margin of -7.0% means the company generated $-0.07  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Warner Bros Discovery Inc:

  • The MRQ is -7.0%. The company is operating very inefficient. -2
  • The TTM is -29.9%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-7.0%TTM-29.9%+22.9%
TTM-29.9%YOY16.1%-45.9%
TTM-29.9%5Y4.8%-34.7%
5Y4.8%10Y16.8%-12.0%
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.0%2.3%-9.3%
TTM-29.9%0.8%-30.7%
YOY16.1%3.1%+13.0%
5Y4.8%-2.0%+6.8%
10Y16.8%-2.7%+19.5%
4.3.2.2. Operating Ratio

Measures how efficient Warner Bros Discovery Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Entertainment 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 Warner Bros Discovery Inc:

  • The MRQ is 0.971. The company is less efficient in keeping operating costs low.
  • The TTM is 1.013. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ0.971TTM1.013-0.042
TTM1.013YOY1.033-0.020
TTM1.0135Y1.094-0.081
5Y1.09410Y0.898+0.196
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9711.167-0.196
TTM1.0131.113-0.100
YOY1.0331.167-0.134
5Y1.0941.264-0.170
10Y0.8981.204-0.306
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4.4.3. Liquidity of Warner Bros Discovery Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Warner Bros Discovery Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Entertainment industry mean).
  • A Current Ratio of 0.80 means the company has $0.80 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Warner Bros Discovery Inc:

  • The MRQ is 0.797. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.825. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.797TTM0.825-0.028
TTM0.825YOY0.866-0.041
TTM0.8255Y1.379-0.554
5Y1.37910Y1.639-0.259
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7971.115-0.318
TTM0.8251.100-0.275
YOY0.8661.142-0.276
5Y1.3791.222+0.157
10Y1.6391.267+0.372
4.4.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • A Quick Ratio of 0.57 means the company can pay off $0.57 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Warner Bros Discovery Inc:

  • The MRQ is 0.565. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.571. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.565TTM0.571-0.006
TTM0.571YOY0.628-0.057
TTM0.5715Y1.104-0.533
5Y1.10410Y1.337-0.234
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5650.535+0.030
TTM0.5710.563+0.008
YOY0.6280.631-0.003
5Y1.1040.750+0.354
10Y1.3370.868+0.469
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4.5.4. Solvency of Warner Bros Discovery Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Warner Bros Discovery Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Warner Bros Discovery Inc to Entertainment industry mean.
  • A Debt to Asset Ratio of 0.66 means that Warner Bros Discovery Inc assets are financed with 66.0% credit (debt) and the remaining percentage (100% - 66.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Warner Bros Discovery Inc:

  • The MRQ is 0.660. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.644. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.660TTM0.644+0.016
TTM0.644YOY0.633+0.010
TTM0.6445Y0.633+0.011
5Y0.63310Y0.648-0.015
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6600.554+0.106
TTM0.6440.561+0.083
YOY0.6330.561+0.072
5Y0.6330.574+0.059
10Y0.6480.519+0.129
4.5.4.2. Debt to Equity Ratio

Measures if Warner Bros Discovery Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • A Debt to Equity ratio of 199.9% means that company has $2.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Warner Bros Discovery Inc:

  • The MRQ is 1.999. The company is just able to pay all its debts with equity.
  • The TTM is 1.872. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.999TTM1.872+0.127
TTM1.872YOY1.781+0.091
TTM1.8725Y1.905-0.033
5Y1.90510Y2.099-0.194
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9991.102+0.897
TTM1.8721.169+0.703
YOY1.7811.172+0.609
5Y1.9051.306+0.599
10Y2.0991.259+0.840
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Warner Bros Discovery Inc to the Entertainment industry mean.
  • A PE ratio of -1,698.13 means the investor is paying $-1,698.13 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Warner Bros Discovery Inc:

  • The EOD is -2,198.300. Based on the earnings, the company is expensive. -2
  • The MRQ is -1,698.125. Based on the earnings, the company is expensive. -2
  • The TTM is -430.393. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2,198.300MRQ-1,698.125-500.175
MRQ-1,698.125TTM-430.393-1,267.732
TTM-430.393YOY-8.401-421.992
TTM-430.3935Y-40.685-389.708
5Y-40.68510Y-31.428-9.257
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
EOD-2,198.300-0.226-2,198.074
MRQ-1,698.125-0.363-1,697.762
TTM-430.393-0.361-430.032
YOY-8.4010.009-8.410
5Y-40.6854.393-45.078
10Y-31.4289.818-41.246
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Warner Bros Discovery Inc:

  • The EOD is 6.757. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.220. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 6.433. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.757MRQ5.220+1.537
MRQ5.220TTM6.433-1.213
TTM6.433YOY0.021+6.412
TTM6.4335Y21.054-14.622
5Y21.05410Y57.317-36.263
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
EOD6.7570.756+6.001
MRQ5.2200.956+4.264
TTM6.4330.125+6.308
YOY0.0211.018-0.997
5Y21.0540.470+20.584
10Y57.317-0.637+57.954
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Entertainment industry mean).
  • A PB ratio of 0.56 means the investor is paying $0.56 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Warner Bros Discovery Inc:

  • The EOD is 0.729. Based on the equity, the company is cheap. +2
  • The MRQ is 0.563. Based on the equity, the company is cheap. +2
  • The TTM is 0.538. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.729MRQ0.563+0.166
MRQ0.563TTM0.538+0.025
TTM0.538YOY0.622-0.084
TTM0.5385Y2.955-2.417
5Y2.95510Y6.385-3.430
Compared to industry (Entertainment)
PeriodCompanyIndustry (mean)+/- 
EOD0.7291.223-0.494
MRQ0.5631.215-0.652
TTM0.5381.335-0.797
YOY0.6221.428-0.806
5Y2.9551.668+1.287
10Y6.3852.339+4.046
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

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

4.8.1. Institutions holding Warner Bros Discovery Inc

Institutions are holding 64.208% of the shares of Warner Bros Discovery Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-09-30Vanguard Group Inc10.23140.037125099237624207330.9739
2024-06-30BlackRock Inc6.73370.027816518959675630254.7981
2024-06-30State Street Corp5.92650.0473145387352-489459-0.3355
2024-06-30Harris Associates L.P.4.26111.31631045306475304350.51
2024-06-30Geode Capital Management, LLC2.27130.03635571979825541234.8041
2024-06-30Amvescap Plc.1.98810.0767487705871256885734.7189
2024-06-30Morgan Stanley - Brokerage Accounts1.87670.01334603756236840488.6983
2024-06-30Bank of America Corp1.20430.019429543812325367312.376
2024-09-30Sessa Capital IM LP1.15818.639728410428562554524.6898
2024-09-30Jericho Capital Asset Management LP0.91334.457822404700224047000
2024-09-30Manufacturers Life Insurance Co0.8920.158321883054-47742-0.2177
2024-09-30EdgePoint Investment Group, Inc.0.87221.3918213967195411922.595
2024-06-30Hotchkis & Wiley Capital Management LLC0.83810.533420559817-278801-1.3379
2024-09-30Northern Trust Corp0.82590.027420261678916590.4544
2024-09-30Contrarius Investment Management Ltd0.77928.97341911405213153587.3902
2024-09-30Slate Path Capital LP0.71012.213217420000174200000
2024-06-30JPMorgan Chase & Co0.69370.010417018157-6617070-27.9966
2024-09-30Charles Schwab Investment Management Inc0.63940.0247156855066876124.5847
2024-06-30Legal & General Group PLC0.61340.025115047601-590917-3.7786
2024-06-30Bank of New York Mellon Corp0.57860.02141928147198695.3431
Total 44.007128.04941079566256+73356840+6.8%

4.9.2. Funds holding Warner Bros Discovery Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-10-31Vanguard Total Stock Mkt Idx Inv2.84160.032769710137-284389-0.4063
2024-10-31The Comm Svcs Sel Sect SPDR® ETF2.82933.03369407101516450.0745
2024-10-31Vanguard Institutional 500 Index Trust2.41020.0376591266216829521.1686
2024-10-31Invesco QQQ Trust1.93510.132347472280-220472-0.4623
2024-10-31Vanguard Mid Cap Index Institutional1.90850.217646819183842670.1803
2024-09-30Oakmark Investor1.25881.103230881500-5095000-14.162
2024-09-30Fidelity 500 Index1.11810.037827428729-41780-0.1521
2024-10-31SPDR® S&P 500® ETF Trust1.10880.0376272013651419190.5245
2024-10-31iShares Core S&P 500 ETF1.01260.037524839698382220.1541
2024-09-30Oakmark Select Investor0.77682.35631905700000
2024-10-31Vanguard Value Index Inv0.76360.08318731229475000.2542
2024-09-30Contrarius Global Equity Institutional0.71238.37921747452812097167.4376
2024-10-31Invesco S&P 500® Equal Weight ETF0.62260.189215273268697000.4584
2024-10-31Vanguard Institutional Index I0.57750.037614167710-21113-0.1488
2024-10-31Vanguard Mid-Cap Value ETF0.55560.358613629609571370.421
2024-10-31State St S&P 500® Indx SL Cl III0.44090.037410816689314000.2911
2024-09-30Vanguard Windsor™ II Inv0.41860.13551026814800
2024-09-30Blackrock Eq Idx Fund CF0.3450.037784622675965277.5839
2024-10-31iShares Russell Mid-Cap ETF0.31450.16857715021508480.6635
2024-10-31Russell 1000 Index Fund0.31410.03877045982124562.8357
Total 22.264516.4903546186681-2388465-0.4%

5.3. Insider Transactions

Insiders are holding 9.239% of the shares of Warner Bros Discovery Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-12-14Programming P Advance/newhouseSELL1000000012.49
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5. Financial Statements




5.1. Reversals in quarterly reports

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

 2023-09-302023-12-312024-03-312024-06-302024-09-30
Net Income from Continuing Operations  -407,00015,000-392,000-563,000-955,000-9,073,000-10,028,00010,169,000141,000



5.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets106,333,000
Total Liabilities70,159,000
Total Stockholder Equity35,100,000
 As reported
Total Liabilities 70,159,000
Total Stockholder Equity+ 35,100,000
Total Assets = 106,333,000

Assets

Total Assets106,333,000
Total Current Assets12,505,000
Long-term Assets93,828,000
Total Current Assets
Cash And Cash Equivalents 3,336,000
Net Receivables 5,534,000
Other Current Assets 3,635,000
Total Current Assets  (as reported)12,505,000
Total Current Assets  (calculated)12,505,000
+/-0
Long-term Assets
Property Plant Equipment 6,158,000
Goodwill 25,869,000
Intangible Assets 33,767,000
Long-term Assets Other 20,695,000
Long-term Assets  (as reported)93,828,000
Long-term Assets  (calculated)86,489,000
+/- 7,339,000

Liabilities & Shareholders' Equity

Total Current Liabilities15,695,000
Long-term Liabilities54,464,000
Total Stockholder Equity35,100,000
Total Current Liabilities
Short-term Debt 3,043,000
Short Long Term Debt 3,043,000
Accounts payable 1,120,000
Other Current Liabilities 10,002,000
Total Current Liabilities  (as reported)15,695,000
Total Current Liabilities  (calculated)17,208,000
+/- 1,513,000
Long-term Liabilities
Long term Debt 37,166,000
Long-term Liabilities Other 9,959,000
Long-term Liabilities  (as reported)54,464,000
Long-term Liabilities  (calculated)47,125,000
+/- 7,339,000
Total Stockholder Equity
Common Stock27,000
Retained Earnings -11,745,000
Accumulated Other Comprehensive Income -401,000
Other Stockholders Equity 47,219,000
Total Stockholder Equity (as reported)35,100,000
Total Stockholder Equity (calculated)35,100,000
+/-0
Other
Capital Stock27,000
Cash and Short Term Investments 3,336,000
Common Stock Shares Outstanding 2,470,000
Current Deferred Revenue1,530,000
Liabilities and Stockholders Equity 106,333,000
Net Debt 36,873,000
Net Invested Capital 75,309,000
Net Working Capital -3,190,000
Short Long Term Debt Total 40,209,000



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-31
> Total Assets 
0
0
0
5,564,828
5,577,710
5,583,849
5,824,684
5,819,236
5,849,381
5,884,935
5,854,942
5,870,982
5,895,234
6,041,544
6,053,136
5,865,752
5,935,838
6,019,378
10,445,000
10,484,000
10,475,000
10,696,000
10,741,000
10,965,000
10,952,000
11,074,000
11,398,000
11,019,000
11,108,000
11,836,000
11,801,000
11,913,000
11,935,000
12,810,000
12,687,000
12,930,000
14,421,000
14,687,000
14,867,000
14,979,000
15,311,000
16,105,000
16,373,000
16,014,000
15,782,000
15,729,000
15,919,000
15,864,000
15,878,000
15,690,000
15,850,000
15,758,000
15,862,000
16,149,000
23,143,000
22,555,000
34,658,000
33,492,000
32,912,000
32,550,000
32,444,000
33,845,000
32,825,000
33,735,000
33,390,000
33,089,000
33,438,000
34,087,000
33,625,000
34,572,000
34,318,000
34,427,000
33,799,000
142,240,000
136,049,000
134,001,000
130,584,000
128,618,000
123,749,000
122,757,000
119,819,000
108,029,000
106,333,000
106,333,000108,029,000119,819,000122,757,000123,749,000128,618,000130,584,000134,001,000136,049,000142,240,00033,799,00034,427,00034,318,00034,572,00033,625,00034,087,00033,438,00033,089,00033,390,00033,735,00032,825,00033,845,00032,444,00032,550,00032,912,00033,492,00034,658,00022,555,00023,143,00016,149,00015,862,00015,758,00015,850,00015,690,00015,878,00015,864,00015,919,00015,729,00015,782,00016,014,00016,373,00016,105,00015,311,00014,979,00014,867,00014,687,00014,421,00012,930,00012,687,00012,810,00011,935,00011,913,00011,801,00011,836,00011,108,00011,019,00011,398,00011,074,00010,952,00010,965,00010,741,00010,696,00010,475,00010,484,00010,445,0006,019,3785,935,8385,865,7526,053,1366,041,5445,895,2345,870,9825,854,9425,884,9355,849,3815,819,2365,824,6845,583,8495,577,7105,564,828000
   > Total Current Assets 
0
0
0
211,769
192,051
178,630
394,634
400,386
312,593
306,478
330,852
317,362
315,459
332,158
336,375
371,707
414,277
422,078
1,106,000
1,109,000
1,112,000
1,331,000
1,417,000
1,680,000
1,721,000
1,815,000
2,137,000
1,735,000
1,629,000
2,321,000
2,299,000
2,431,000
2,451,000
3,214,000
2,995,000
2,730,000
4,013,000
2,265,000
2,364,000
2,410,000
2,740,000
2,571,000
2,584,000
2,491,000
2,469,000
2,468,000
2,719,000
2,596,000
2,667,000
2,548,000
2,683,000
2,599,000
2,591,000
2,770,000
9,477,000
9,991,000
4,521,000
3,906,000
3,914,000
4,231,000
4,025,000
4,932,000
4,313,000
5,217,000
4,626,000
4,717,000
5,478,000
6,130,000
5,865,000
6,728,000
6,656,000
7,264,000
7,173,000
15,449,000
12,672,000
13,999,000
13,727,000
13,773,000
12,831,000
14,218,000
13,902,000
13,430,000
12,505,000
12,505,00013,430,00013,902,00014,218,00012,831,00013,773,00013,727,00013,999,00012,672,00015,449,0007,173,0007,264,0006,656,0006,728,0005,865,0006,130,0005,478,0004,717,0004,626,0005,217,0004,313,0004,932,0004,025,0004,231,0003,914,0003,906,0004,521,0009,991,0009,477,0002,770,0002,591,0002,599,0002,683,0002,548,0002,667,0002,596,0002,719,0002,468,0002,469,0002,491,0002,584,0002,571,0002,740,0002,410,0002,364,0002,265,0004,013,0002,730,0002,995,0003,214,0002,451,0002,431,0002,299,0002,321,0001,629,0001,735,0002,137,0001,815,0001,721,0001,680,0001,417,0001,331,0001,112,0001,109,0001,106,000422,078414,277371,707336,375332,158315,459317,362330,852306,478312,593400,386394,634178,630192,051211,769000
       Cash And Cash Equivalents 
0
0
0
34,441
15,181
10,831
227,503
250,352
150,821
152,793
151,848
154,775
150,477
174,663
157,461
209,449
222,577
226,007
92,000
100,000
142,000
339,000
401,000
623,000
691,000
713,000
1,016,000
466,000
453,000
1,095,000
1,032,000
1,048,000
1,044,000
1,698,000
1,553,000
1,201,000
2,360,000
375,000
439,000
408,000
757,000
372,000
376,000
367,000
321,000
232,000
262,000
390,000
333,000
185,000
224,000
300,000
267,000
206,000
6,994,000
7,309,000
812,000
392,000
531,000
986,000
745,000
1,321,000
813,000
1,552,000
1,453,000
1,683,000
1,893,000
2,091,000
2,008,000
2,834,000
3,116,000
3,905,000
4,162,000
2,575,000
2,422,000
3,731,000
2,594,000
3,027,000
2,383,000
4,319,000
3,386,000
3,617,000
3,336,000
3,336,0003,617,0003,386,0004,319,0002,383,0003,027,0002,594,0003,731,0002,422,0002,575,0004,162,0003,905,0003,116,0002,834,0002,008,0002,091,0001,893,0001,683,0001,453,0001,552,000813,0001,321,000745,000986,000531,000392,000812,0007,309,0006,994,000206,000267,000300,000224,000185,000333,000390,000262,000232,000321,000367,000376,000372,000757,000408,000439,000375,0002,360,0001,201,0001,553,0001,698,0001,044,0001,048,0001,032,0001,095,000453,000466,0001,016,000713,000691,000623,000401,000339,000142,000100,00092,000226,007222,577209,449157,461174,663150,477154,775151,848152,793150,821250,352227,50310,83115,18134,441000
       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
94,000
96,000
114,000
115,000
122,000
129,000
138,000
143,000
142,000
147,000
150,000
152,000
144,000
149,000
153,000
154,000
163,000
160,000
167,000
178,000
178,000
182,000
237,000
37,000
40,000
13,000
13,000
13,000
12,000
0
12,000
11,000
263,000
32,000
185,000
1,000
1,000
53,000
27,000
14,000
14,000
25,000
12,000
14,000
23,000
60,000
62,000
36,000
0
036,00062,00060,00023,00014,00012,00025,00014,00014,00027,00053,0001,0001,000185,00032,000263,00011,00012,000012,00013,00013,00013,00040,00037,000237,000182,000178,000178,000167,000160,000163,000154,000153,000149,000144,000152,000150,000147,000142,000143,000138,000129,000122,000115,000114,00096,00094,0000000000000000000000000000000000000
       Net Receivables 
0
0
0
151,120
153,323
146,336
148,510
134,615
142,583
137,750
159,654
147,436
148,634
140,505
152,413
144,342
172,624
178,205
764,000
780,000
740,000
759,000
775,000
810,000
773,000
836,000
843,000
880,000
866,000
908,000
976,000
1,042,000
1,062,000
1,155,000
1,079,000
1,130,000
1,148,000
1,332,000
1,344,000
1,371,000
1,341,000
1,525,000
1,464,000
1,433,000
1,431,000
1,505,000
1,709,000
1,479,000
1,520,000
1,574,000
1,545,000
1,495,000
1,560,000
1,758,000
1,652,000
1,838,000
2,654,000
2,747,000
2,578,000
2,620,000
2,625,000
2,854,000
2,695,000
2,633,000
2,564,000
2,473,000
2,444,000
2,537,000
2,476,000
2,657,000
2,462,000
2,446,000
2,426,000
7,049,000
7,957,000
7,611,000
6,833,000
6,770,000
6,312,000
4,532,000
6,303,000
6,166,000
5,534,000
5,534,0006,166,0006,303,0004,532,0006,312,0006,770,0006,833,0007,611,0007,957,0007,049,0002,426,0002,446,0002,462,0002,657,0002,476,0002,537,0002,444,0002,473,0002,564,0002,633,0002,695,0002,854,0002,625,0002,620,0002,578,0002,747,0002,654,0001,838,0001,652,0001,758,0001,560,0001,495,0001,545,0001,574,0001,520,0001,479,0001,709,0001,505,0001,431,0001,433,0001,464,0001,525,0001,341,0001,371,0001,344,0001,332,0001,148,0001,130,0001,079,0001,155,0001,062,0001,042,000976,000908,000866,000880,000843,000836,000773,000810,000775,000759,000740,000780,000764,000178,205172,624144,342152,413140,505148,634147,436159,654137,750142,583134,615148,510146,336153,323151,120000
       Other Current Assets 
0
0
0
26,208
23,547
21,463
18,621
4,433
4,426
5,148
5,571
3,629
3,832
4,086
11,077
3,101
3,752
3,956
250,000
73,000
80,000
78,000
76,000
76,000
73,000
81,000
81,000
83,000
84,000
93,000
83,000
93,000
99,000
110,000
107,000
122,000
127,000
214,000
274,000
277,000
307,000
318,000
379,000
329,000
310,000
313,000
341,000
313,000
352,000
323,000
350,000
310,000
395,000
390,000
382,000
410,000
419,000
358,000
349,000
313,000
364,000
330,000
442,000
579,000
89,000
113,000
389,000
532,000
722,000
653,000
254,000
245,000
143,000
5,825,000
2,293,000
2,657,000
4,300,000
3,976,000
4,136,000
5,882,000
4,151,000
3,651,000
3,635,000
3,635,0003,651,0004,151,0005,882,0004,136,0003,976,0004,300,0002,657,0002,293,0005,825,000143,000245,000254,000653,000722,000532,000389,000113,00089,000579,000442,000330,000364,000313,000349,000358,000419,000410,000382,000390,000395,000310,000350,000323,000352,000313,000341,000313,000310,000329,000379,000318,000307,000277,000274,000214,000127,000122,000107,000110,00099,00093,00083,00093,00084,00083,00081,00081,00073,00076,00076,00078,00080,00073,000250,0003,9563,7523,10111,0774,0863,8323,6295,5715,1484,4264,43318,62121,46323,54726,208000
   > Long-term Assets 
0
0
0
5,353,059
5,385,659
5,405,219
5,430,050
5,418,850
5,536,788
5,578,457
5,524,090
5,553,620
5,579,775
5,709,386
5,716,761
5,494,045
5,521,561
5,597,300
9,339,000
9,375,000
9,363,000
9,365,000
9,324,000
9,285,000
9,231,000
9,259,000
9,261,000
9,284,000
9,479,000
9,515,000
9,502,000
9,482,000
9,484,000
9,596,000
9,692,000
10,200,000
10,408,000
12,422,000
12,503,000
12,569,000
12,571,000
13,534,000
13,789,000
13,523,000
13,313,000
13,261,000
13,200,000
13,268,000
13,211,000
13,142,000
13,167,000
13,159,000
13,271,000
13,379,000
13,666,000
12,564,000
30,137,000
29,586,000
28,998,000
28,319,000
28,419,000
28,913,000
28,512,000
28,518,000
28,764,000
28,372,000
27,960,000
27,957,000
27,760,000
27,844,000
27,662,000
27,163,000
26,626,000
126,791,000
123,377,000
120,002,000
116,857,000
114,845,000
110,918,000
108,539,000
105,917,000
94,599,000
93,828,000
93,828,00094,599,000105,917,000108,539,000110,918,000114,845,000116,857,000120,002,000123,377,000126,791,00026,626,00027,163,00027,662,00027,844,00027,760,00027,957,00027,960,00028,372,00028,764,00028,518,00028,512,00028,913,00028,419,00028,319,00028,998,00029,586,00030,137,00012,564,00013,666,00013,379,00013,271,00013,159,00013,167,00013,142,00013,211,00013,268,00013,200,00013,261,00013,313,00013,523,00013,789,00013,534,00012,571,00012,569,00012,503,00012,422,00010,408,00010,200,0009,692,0009,596,0009,484,0009,482,0009,502,0009,515,0009,479,0009,284,0009,261,0009,259,0009,231,0009,285,0009,324,0009,365,0009,363,0009,375,0009,339,0005,597,3005,521,5615,494,0455,716,7615,709,3865,579,7755,553,6205,524,0905,578,4575,536,7885,418,8505,430,0505,405,2195,385,6595,353,059000
       Property Plant Equipment 
0
0
0
258,741
261,603
270,072
273,718
256,245
259,104
264,706
270,838
280,775
285,172
282,294
278,503
269,742
262,744
255,963
412,000
395,000
384,000
410,000
417,000
411,000
405,000
401,000
389,000
399,000
389,000
382,000
371,000
379,000
374,000
368,000
368,000
388,000
377,000
460,000
492,000
514,000
522,000
538,000
525,000
554,000
534,000
509,000
500,000
488,000
466,000
455,000
464,000
482,000
504,000
514,000
523,000
597,000
928,000
784,000
810,000
800,000
802,000
828,000
856,000
951,000
1,040,000
1,088,000
1,125,000
1,206,000
1,189,000
1,239,000
1,310,000
1,336,000
1,328,000
5,597,000
5,143,000
5,301,000
5,325,000
5,473,000
5,810,000
9,031,000
5,937,000
6,043,000
6,158,000
6,158,0006,043,0005,937,0009,031,0005,810,0005,473,0005,325,0005,301,0005,143,0005,597,0001,328,0001,336,0001,310,0001,239,0001,189,0001,206,0001,125,0001,088,0001,040,000951,000856,000828,000802,000800,000810,000784,000928,000597,000523,000514,000504,000482,000464,000455,000466,000488,000500,000509,000534,000554,000525,000538,000522,000514,000492,000460,000377,000388,000368,000368,000374,000379,000371,000382,000389,000399,000389,000401,000405,000411,000417,000410,000384,000395,000412,000255,963262,744269,742278,503282,294285,172280,775270,838264,706259,104256,245273,718270,072261,603258,741000
       Goodwill 
0
0
0
0
0
0
0
0
2,165,961
2,166,709
2,074,132
2,074,789
2,074,882
2,075,288
2,075,671
1,909,823
1,909,823
1,909,823
7,096,000
6,891,000
6,889,000
6,439,000
6,438,000
6,433,000
6,442,000
6,442,000
6,435,000
6,434,000
6,301,000
6,302,000
6,299,000
6,291,000
6,294,000
6,312,000
6,314,000
6,399,000
6,501,000
7,278,000
7,301,000
7,341,000
7,370,000
8,126,000
8,320,000
8,236,000
8,152,000
8,189,000
8,180,000
8,164,000
8,207,000
8,174,000
8,179,000
8,040,000
8,077,000
8,123,000
8,242,000
7,073,000
13,102,000
13,119,000
13,139,000
13,006,000
13,037,000
13,222,000
12,977,000
13,050,000
12,966,000
12,987,000
13,052,000
13,070,000
12,973,000
13,013,000
12,957,000
12,912,000
12,872,000
34,273,000
34,450,000
34,438,000
34,658,000
34,911,000
34,727,000
34,969,000
34,891,000
25,740,000
25,869,000
25,869,00025,740,00034,891,00034,969,00034,727,00034,911,00034,658,00034,438,00034,450,00034,273,00012,872,00012,912,00012,957,00013,013,00012,973,00013,070,00013,052,00012,987,00012,966,00013,050,00012,977,00013,222,00013,037,00013,006,00013,139,00013,119,00013,102,0007,073,0008,242,0008,123,0008,077,0008,040,0008,179,0008,174,0008,207,0008,164,0008,180,0008,189,0008,152,0008,236,0008,320,0008,126,0007,370,0007,341,0007,301,0007,278,0006,501,0006,399,0006,314,0006,312,0006,294,0006,291,0006,299,0006,302,0006,301,0006,434,0006,435,0006,442,0006,442,0006,433,0006,438,0006,439,0006,889,0006,891,0007,096,0001,909,8231,909,8231,909,8232,075,6712,075,2882,074,8822,074,7892,074,1322,166,7092,165,96100000000
       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
543,000
0
0
0
0
0
0
0
0
0
0
0
00000000000543,00000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
2,139,539
2,138,071
2,133,518
0
0
0
0
0
0
0
0
0
0
1,541,000
716,000
1,894,000
1,973,000
1,955,000
1,860,000
1,813,000
1,831,000
1,844,000
1,850,000
1,872,000
1,894,000
1,870,000
1,873,000
1,901,000
1,964,000
2,034,000
2,166,000
2,263,000
3,399,000
3,439,000
3,448,000
3,418,000
3,859,000
4,119,000
3,944,000
3,846,000
3,843,000
3,839,000
3,760,000
3,747,000
3,703,000
3,738,000
3,601,000
3,527,000
3,551,000
3,634,000
3,983,000
14,148,000
13,626,000
13,155,000
12,743,000
12,464,000
12,430,000
11,975,000
11,796,000
12,088,000
11,631,000
11,142,000
11,079,000
10,792,000
10,681,000
10,472,000
10,149,000
9,739,000
78,844,000
75,032,000
71,634,000
68,712,000
65,977,000
62,328,000
59,514,000
57,087,000
55,167,000
33,767,000
33,767,00055,167,00057,087,00059,514,00062,328,00065,977,00068,712,00071,634,00075,032,00078,844,0009,739,00010,149,00010,472,00010,681,00010,792,00011,079,00011,142,00011,631,00012,088,00011,796,00011,975,00012,430,00012,464,00012,743,00013,155,00013,626,00014,148,0003,983,0003,634,0003,551,0003,527,0003,601,0003,738,0003,703,0003,747,0003,760,0003,839,0003,843,0003,846,0003,944,0004,119,0003,859,0003,418,0003,448,0003,439,0003,399,0002,263,0002,166,0002,034,0001,964,0001,901,0001,873,0001,870,0001,894,0001,872,0001,850,0001,844,0001,831,0001,813,0001,860,0001,955,0001,973,0001,894,000716,0001,541,00000000000002,133,5182,138,0712,139,53900000
       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
2,095,000
1,271,000
1,411,000
1,477,000
1,084,000
1,580,000
3,313,000
8,752,000
5,440,000
8,162,000
8,484,000
8,053,000
0
0
0
0
00008,053,0008,484,0008,162,0005,440,0008,752,0003,313,0001,580,0001,084,0001,477,0001,411,0001,271,0002,095,0000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
0
0
1,217,549
1,217,100
1,215,662
1,257,622
1,243,811
1,258,371
1,273,411
1,314,808
1,321,718
1,324,787
1,387,516
1,383,127
1,371,431
1,411,265
1,442,011
4,926,000
4,948,000
4,798,000
4,778,000
4,699,000
4,746,000
4,568,000
4,560,000
4,703,000
4,786,000
4,697,000
5,322,000
5,398,000
5,394,000
5,367,000
6,337,000
6,420,000
6,637,000
8,146,000
8,383,000
8,610,000
8,746,000
9,093,000
9,473,000
9,703,000
9,663,000
9,739,000
9,489,000
10,033,000
10,172,000
10,264,000
10,104,000
10,399,000
10,348,000
10,278,000
10,386,000
17,043,000
17,532,000
24,645,000
23,456,000
22,679,000
22,033,000
21,704,000
22,180,000
21,246,000
21,769,000
21,986,000
21,289,000
21,398,000
21,704,000
21,050,000
21,264,000
20,920,000
21,031,000
20,237,000
89,293,000
85,969,000
85,334,000
82,742,000
81,833,000
77,607,000
76,285,000
74,525,000
72,614,000
70,159,000
70,159,00072,614,00074,525,00076,285,00077,607,00081,833,00082,742,00085,334,00085,969,00089,293,00020,237,00021,031,00020,920,00021,264,00021,050,00021,704,00021,398,00021,289,00021,986,00021,769,00021,246,00022,180,00021,704,00022,033,00022,679,00023,456,00024,645,00017,532,00017,043,00010,386,00010,278,00010,348,00010,399,00010,104,00010,264,00010,172,00010,033,0009,489,0009,739,0009,663,0009,703,0009,473,0009,093,0008,746,0008,610,0008,383,0008,146,0006,637,0006,420,0006,337,0005,367,0005,394,0005,398,0005,322,0004,697,0004,786,0004,703,0004,560,0004,568,0004,746,0004,699,0004,778,0004,798,0004,948,0004,926,0001,442,0111,411,2651,371,4311,383,1271,387,5161,324,7871,321,7181,314,8081,273,4111,258,3711,243,8111,257,6221,215,6621,217,1001,217,549000
   > Total Current Liabilities 
0
0
0
108,527
101,041
94,803
104,458
89,945
96,035
98,349
125,512
121,887
109,921
119,911
113,229
120,137
137,402
134,832
1,020,000
1,070,000
1,174,000
1,227,000
762,000
790,000
934,000
608,000
792,000
785,000
654,000
614,000
707,000
746,000
740,000
757,000
826,000
946,000
1,101,000
1,002,000
1,135,000
1,294,000
1,253,000
2,360,000
2,548,000
2,604,000
1,765,000
1,712,000
2,108,000
1,579,000
1,375,000
1,442,000
1,522,000
1,561,000
1,534,000
1,466,000
1,615,000
1,871,000
2,465,000
2,696,000
3,860,000
3,997,000
3,475,000
3,874,000
2,837,000
3,239,000
2,875,000
2,576,000
2,756,000
3,082,000
3,142,000
3,565,000
3,335,000
3,459,000
3,562,000
14,436,000
14,676,000
15,017,000
16,380,000
16,906,000
14,588,000
15,332,000
16,956,000
17,768,000
15,695,000
15,695,00017,768,00016,956,00015,332,00014,588,00016,906,00016,380,00015,017,00014,676,00014,436,0003,562,0003,459,0003,335,0003,565,0003,142,0003,082,0002,756,0002,576,0002,875,0003,239,0002,837,0003,874,0003,475,0003,997,0003,860,0002,696,0002,465,0001,871,0001,615,0001,466,0001,534,0001,561,0001,522,0001,442,0001,375,0001,579,0002,108,0001,712,0001,765,0002,604,0002,548,0002,360,0001,253,0001,294,0001,135,0001,002,0001,101,000946,000826,000757,000740,000746,000707,000614,000654,000785,000792,000608,000934,000790,000762,0001,227,0001,174,0001,070,0001,020,000134,832137,402120,137113,229119,911109,921121,887125,51298,34996,03589,945104,45894,803101,041108,527000
       Short-term Debt 
0
0
0
0
0
42,573
0
0
0
0
0
0
0
0
0
0
0
0
349,000
458,000
586,000
421,000
39,000
155,000
256,000
17,000
18,000
20,000
81,000
22,000
20,000
26,000
19,000
20,000
21,000
31,000
22,000
23,000
23,000
17,000
18,000
1,029,000
995,000
1,107,000
453,000
349,000
116,000
119,000
25,000
130,000
95,000
82,000
132,000
105,000
32,000
30,000
153,000
646,000
1,653,000
1,860,000
1,387,000
1,686,000
611,000
609,000
607,000
339,000
336,000
335,000
351,000
585,000
349,000
339,000
794,000
1,097,000
1,257,000
365,000
3,496,000
3,001,000
1,302,000
1,780,000
3,430,000
3,669,000
3,043,000
3,043,0003,669,0003,430,0001,780,0001,302,0003,001,0003,496,000365,0001,257,0001,097,000794,000339,000349,000585,000351,000335,000336,000339,000607,000609,000611,0001,686,0001,387,0001,860,0001,653,000646,000153,00030,00032,000105,000132,00082,00095,000130,00025,000119,000116,000349,000453,0001,107,000995,0001,029,00018,00017,00023,00023,00022,00031,00021,00020,00019,00026,00020,00022,00081,00020,00018,00017,000256,000155,00039,000421,000586,000458,000349,00000000000000042,57300000
       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
351,000
585,000
349,000
339,000
794,000
1,097,000
1,257,000
365,000
3,496,000
3,001,000
1,302,000
1,780,000
3,430,000
3,669,000
3,043,000
3,043,0003,669,0003,430,0001,780,0001,302,0003,001,0003,496,000365,0001,257,0001,097,000794,000339,000349,000585,000351,00000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
33,327
36,165
34,646
37,223
26,854
31,897
30,660
39,733
43,656
35,232
30,970
32,984
26,298
48,555
42,390
418,000
71,000
0
0
0
63,000
62,000
43,000
52,000
87,000
62,000
48,000
48,000
53,000
63,000
56,000
54,000
71,000
67,000
116,000
116,000
141,000
151,000
226,000
209,000
225,000
205,000
277,000
249,000
282,000
171,000
185,000
202,000
241,000
200,000
222,000
253,000
277,000
283,000
300,000
280,000
325,000
314,000
325,000
380,000
463,000
421,000
367,000
403,000
397,000
2,128,000
2,174,000
2,306,000
412,000
521,000
1,397,000
1,534,000
1,454,000
1,123,000
1,689,000
1,329,000
1,260,000
1,245,000
1,151,000
1,120,000
1,120,0001,151,0001,245,0001,260,0001,329,0001,689,0001,123,0001,454,0001,534,0001,397,000521,000412,0002,306,0002,174,0002,128,000397,000403,000367,000421,000463,000380,000325,000314,000325,000280,000300,000283,000277,000253,000222,000200,000241,000202,000185,000171,000282,000249,000277,000205,000225,000209,000226,000151,000141,000116,000116,00067,00071,00054,00056,00063,00053,00048,00048,00062,00087,00052,00043,00062,00063,00000071,000418,00042,39048,55526,29832,98430,97035,23243,65639,73330,66031,89726,85437,22334,64636,16533,327000
       Other Current Liabilities 
0
0
0
75,200
64,876
1,208
51,734
45,600
47,812
49,839
57,748
62,216
56,612
61,164
58,453
68,888
65,375
69,840
253,000
448,000
588,000
806,000
723,000
481,000
283,000
235,000
310,000
564,000
398,000
446,000
516,000
554,000
567,000
583,000
618,000
721,000
912,000
741,000
832,000
992,000
947,000
945,000
1,040,000
1,094,000
932,000
905,000
1,506,000
988,000
974,000
960,000
1,045,000
1,075,000
1,008,000
946,000
1,092,000
1,309,000
1,730,000
1,473,000
1,623,000
1,563,000
1,538,000
1,570,000
1,462,000
1,678,000
1,471,000
1,607,000
1,582,000
1,793,000
765,000
893,000
55,000
2,230,000
1,966,000
10,279,000
10,197,000
11,504,000
10,158,000
10,668,000
10,040,000
10,368,000
10,288,000
10,926,000
10,002,000
10,002,00010,926,00010,288,00010,368,00010,040,00010,668,00010,158,00011,504,00010,197,00010,279,0001,966,0002,230,00055,000893,000765,0001,793,0001,582,0001,607,0001,471,0001,678,0001,462,0001,570,0001,538,0001,563,0001,623,0001,473,0001,730,0001,309,0001,092,000946,0001,008,0001,075,0001,045,000960,000974,000988,0001,506,000905,000932,0001,094,0001,040,000945,000947,000992,000832,000741,000912,000721,000618,000583,000567,000554,000516,000446,000398,000564,000310,000235,000283,000481,000723,000806,000588,000448,000253,00069,84065,37568,88858,45361,16456,61262,21657,74849,83947,81245,60051,7341,20864,87675,200000
   > Long-term Liabilities 
0
0
0
1,109,022
1,116,059
1,120,859
1,153,164
1,153,866
1,162,336
1,175,062
1,189,296
1,199,831
1,214,866
1,267,605
1,269,898
1,251,294
1,273,863
1,307,179
3,906,000
3,878,000
3,624,000
3,551,000
3,937,000
3,956,000
3,634,000
3,952,000
3,911,000
4,001,000
4,043,000
4,708,000
4,691,000
4,648,000
4,627,000
5,580,000
5,594,000
5,691,000
7,045,000
7,381,000
7,475,000
7,452,000
7,840,000
7,113,000
7,155,000
7,059,000
7,974,000
7,777,000
7,925,000
8,593,000
8,889,000
8,662,000
8,877,000
8,787,000
8,744,000
8,920,000
15,428,000
15,661,000
22,180,000
20,760,000
18,819,000
18,036,000
18,229,000
18,306,000
18,409,000
18,530,000
19,111,000
18,713,000
18,642,000
18,622,000
17,908,000
17,699,000
17,585,000
17,572,000
16,675,000
74,857,000
71,293,000
70,317,000
66,362,000
64,927,000
63,019,000
60,953,000
57,569,000
54,846,000
54,464,000
54,464,00054,846,00057,569,00060,953,00063,019,00064,927,00066,362,00070,317,00071,293,00074,857,00016,675,00017,572,00017,585,00017,699,00017,908,00018,622,00018,642,00018,713,00019,111,00018,530,00018,409,00018,306,00018,229,00018,036,00018,819,00020,760,00022,180,00015,661,00015,428,0008,920,0008,744,0008,787,0008,877,0008,662,0008,889,0008,593,0007,925,0007,777,0007,974,0007,059,0007,155,0007,113,0007,840,0007,452,0007,475,0007,381,0007,045,0005,691,0005,594,0005,580,0004,627,0004,648,0004,691,0004,708,0004,043,0004,001,0003,911,0003,952,0003,634,0003,956,0003,937,0003,551,0003,624,0003,878,0003,906,0001,307,1791,273,8631,251,2941,269,8981,267,6051,214,8661,199,8311,189,2961,175,0621,162,3361,153,8661,153,1641,120,8591,116,0591,109,022000
       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
15,253,000
14,675,000
14,462,000
14,436,000
14,617,000
13,605,000
51,388,000
48,612,000
48,634,000
45,434,000
44,276,000
43,498,000
0
0
0
0
000043,498,00044,276,00045,434,00048,634,00048,612,00051,388,00013,605,00014,617,00014,436,00014,462,00014,675,00015,253,0000000000000000000000000000000000000000000000000000000000000000000000
       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
363,000
335,000
328,000
318,000
318,000
309,000
306,000
0
0
0
0
0
00000306,000309,000318,000318,000328,000335,000363,00000000000000000000000000000000000000000000000000000000000000000000000000
       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
3,233,000
3,237,000
3,149,000
2,383,000
3,070,000
20,585,000
22,681,000
18,411,000
0
20,638,000
19,515,000
0
0
0
0
000019,515,00020,638,000018,411,00022,681,00020,585,0003,070,0002,383,0003,149,0003,237,0003,233,00000000000000000000000000000000000000000000000000000000000000000000000
       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
1,225,000
1,112,000
13,666,000
12,317,000
11,014,000
10,211,000
9,718,000
0
0
0
0
0
000009,718,00010,211,00011,014,00012,317,00013,666,0001,112,0001,225,00000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
4,347,279
4,360,610
4,368,187
4,567,062
4,575,425
4,591,010
4,611,524
4,540,134
4,549,264
4,570,447
4,654,028
4,670,009
4,494,321
4,524,573
4,577,367
5,519,000
5,536,000
5,653,000
5,903,000
6,028,000
6,208,000
6,359,000
6,486,000
6,683,000
6,225,000
6,408,000
6,513,000
6,402,000
6,517,000
6,565,000
6,471,000
6,265,000
6,291,000
6,240,000
6,269,000
6,220,000
6,196,000
6,180,000
6,031,000
5,883,000
5,602,000
5,289,000
5,485,000
5,645,000
5,451,000
5,366,000
5,345,000
5,204,000
5,167,000
5,335,000
5,526,000
5,740,000
4,610,000
7,889,000
7,936,000
8,116,000
8,386,000
8,708,000
9,621,000
9,518,000
9,891,000
9,470,000
9,867,000
10,087,000
10,464,000
10,815,000
11,538,000
11,611,000
11,599,000
11,969,000
51,383,000
48,517,000
47,095,000
46,496,000
45,452,000
44,774,000
45,226,000
44,151,000
34,345,000
35,100,000
35,100,00034,345,00044,151,00045,226,00044,774,00045,452,00046,496,00047,095,00048,517,00051,383,00011,969,00011,599,00011,611,00011,538,00010,815,00010,464,00010,087,0009,867,0009,470,0009,891,0009,518,0009,621,0008,708,0008,386,0008,116,0007,936,0007,889,0004,610,0005,740,0005,526,0005,335,0005,167,0005,204,0005,345,0005,366,0005,451,0005,645,0005,485,0005,289,0005,602,0005,883,0006,031,0006,180,0006,196,0006,220,0006,269,0006,240,0006,291,0006,265,0006,471,0006,565,0006,517,0006,402,0006,513,0006,408,0006,225,0006,683,0006,486,0006,359,0006,208,0006,028,0005,903,0005,653,0005,536,0005,519,0004,577,3674,524,5734,494,3214,670,0094,654,0284,570,4474,549,2644,540,1344,611,5244,591,0104,575,4254,567,0624,368,1874,360,6104,347,279000
   Common Stock
0
0
0
0
0
0
2,802
2,681
2,802
2,802
2,802
2,802
2,802
2,805
2,808
2,810
2,811
2,812
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
6,000
6,000
6,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,00027,00027,00027,00027,00027,00027,00027,00027,00027,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0006,0006,0006,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0003,0002,8122,8112,8102,8082,8052,8022,8022,8022,8022,8022,6812,802000000
   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
9,580,000
10,033,000
6,614,000
4,306,000
2,205,000
1,133,000
-105,000
0
0
0
0
0
00000-105,0001,133,0002,205,0004,306,0006,614,00010,033,0009,580,00000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
12,310
7,008
4,899
1,786
-1,860
1,564
7,912
12,945
15,914
17,724
22,773
23,085
16,781
12,553
18,962
-3,000
-78,000
-85,000
-25,000
-35,000
-21,000
-40,000
-44,000
-23,000
-33,000
-16,000
-10,000
-22,000
-23,000
-12,000
-23,000
-8,000
4,000
-51,000
-96,000
8,000
4,000
4,000
-38,000
-195,000
-368,000
-569,000
-460,000
-508,000
-633,000
-614,000
-680,000
-643,000
-762,000
-704,000
-617,000
-586,000
-585,000
-613,000
-790,000
-764,000
-785,000
-895,000
-913,000
-1,029,000
-822,000
-1,122,000
-1,021,000
-898,000
-651,000
-581,000
-585,000
-717,000
-830,000
-947,000
-1,453,000
-2,119,000
-1,523,000
-1,105,000
-1,042,000
-1,427,000
-741,000
-913,000
-890,000
-401,000
-401,000-890,000-913,000-741,000-1,427,000-1,042,000-1,105,000-1,523,000-2,119,000-1,453,000-947,000-830,000-717,000-585,000-581,000-651,000-898,000-1,021,000-1,122,000-822,000-1,029,000-913,000-895,000-785,000-764,000-790,000-613,000-585,000-586,000-617,000-704,000-762,000-643,000-680,000-614,000-633,000-508,000-460,000-569,000-368,000-195,000-38,0004,0004,0008,000-96,000-51,0004,000-8,000-23,000-12,000-23,000-22,000-10,000-16,000-33,000-23,000-44,000-40,000-21,000-35,000-25,000-85,000-78,000-3,00018,96212,55316,78123,08522,77317,72415,91412,9457,9121,564-1,8601,7864,8997,00812,310000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,809,000
10,951,000
11,000,000
11,043,000
11,086,000
11,120,000
54,439,000
54,547,000
54,630,000
54,685,000
54,816,000
54,944,000
0
0
0
0
000054,944,00054,816,00054,685,00054,630,00054,547,00054,439,00011,120,00011,086,00011,043,00011,000,00010,951,00010,809,0000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000-8,244,000-8,244,000-8,244,000-8,244,000-8,244,000-8,244,0000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
5,506,066
5,507,874
5,513,533
5,711,530
5,712,425
5,712,850
5,713,282
5,713,492
5,714,379
5,714,548
5,718,860
5,727,019
5,728,213
5,728,701
5,729,206
6,559,000
6,545,000
6,550,000
6,555,000
6,589,000
6,600,000
6,618,000
6,636,000
6,626,000
6,253,000
6,114,000
5,959,000
5,623,000
5,403,000
5,219,000
4,843,000
4,417,000
4,207,000
4,234,000
4,011,000
3,603,000
3,295,000
3,048,000
2,565,000
2,417,000
2,154,000
1,948,000
1,840,000
1,849,000
1,560,000
1,352,000
1,078,000
802,000
690,000
650,000
440,000
536,000
558,000
3,839,000
3,853,000
3,890,000
3,910,000
3,933,000
3,911,000
3,681,000
3,373,000
2,873,000
2,901,000
2,700,000
2,565,000
2,707,000
2,756,000
2,799,000
2,842,000
2,876,000
46,195,000
46,303,000
46,386,000
46,441,000
46,572,000
46,700,000
46,868,000
46,931,000
47,088,000
47,219,000
47,219,00047,088,00046,931,00046,868,00046,700,00046,572,00046,441,00046,386,00046,303,00046,195,0002,876,0002,842,0002,799,0002,756,0002,707,0002,565,0002,700,0002,901,0002,873,0003,373,0003,681,0003,911,0003,933,0003,910,0003,890,0003,853,0003,839,000558,000536,000440,000650,000690,000802,0001,078,0001,352,0001,560,0001,849,0001,840,0001,948,0002,154,0002,417,0002,565,0003,048,0003,295,0003,603,0004,011,0004,234,0004,207,0004,417,0004,843,0005,219,0005,403,0005,623,0005,959,0006,114,0006,253,0006,626,0006,636,0006,618,0006,600,0006,589,0006,555,0006,550,0006,545,0006,559,0005,729,2065,728,7015,728,2135,727,0195,718,8605,714,5485,714,3795,713,4925,713,2825,712,8505,712,4255,711,5305,513,5335,507,8745,506,066000



5.4. Balance Sheets

Currency in USD. All numbers in thousands.