Waterstone Financial Inc
Buy, Hold or Sell?

Let's analyse Waterstone Financial Inc together

Penke I guess you are interested in Waterstone Financial 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 Waterstone Financial 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.

Get notifications about Waterstone Financial Inc

I send you an email if I find something interesting about Waterstone Financial Inc.

Quick analysis of Waterstone Financial Inc (30 sec.)

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

How much money do you get?

$0.75

When do you have the money?

1 year

How often do you get paid?

97.5%

What is your share worth?

Current worth

$17.16

Expected worth in 1 year

$17.61

How sure are you?

77.5%

+ What do you gain per year?

Total Gains per Share

$1.20

Return On Investment

10.8%

For what price can you sell your share?

Current Price per Share

$11.09

Expected price per share

$9.3927323293173 - $12.09

How sure are you?

50%

1. Valuation of Waterstone Financial Inc (5 min.)

Live pricePrice per Share (EOD)

$11.09

Book Value per Share

$17.16

Intrinsic Value Per Share

$-62.09 - $21.97

Total Value Per Share

$-44.94 - $39.13

My calculation of the intrinsic value of Waterstone Financial 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: ($0.29) 3Y: ($1.11) TTM: ($-0.53)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.02) 3Y: ($-0.13) TTM: ($-0.35)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.10	$4.12	$-0.87 - $4.05
2	$-2.03	$7.75	$-2.90 - $3.66
3	$-5.60	$10.92	$-4.92 - $3.28
4	$-10.60	$13.65	$-6.95 - $2.89
5	$-16.87	$15.96	$-8.98 - $2.50
6	$-24.25	$17.87	$-11.01 - $2.11
7	$-32.58	$19.41	$-13.03 - $1.72
8	$-41.75	$20.59	$-15.06 - $1.34
9	$-51.62	$21.44	$-17.09 - $0.95
10	$-62.09	$21.97	$-19.11 - $0.56

2. Growth of Waterstone Financial Inc (5 min.)

Is Waterstone Financial Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$344m	$706.2m	-$353.2m	-100.1%

How much money is Waterstone Financial Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$2.3m	$4.8m	-$2.5m	-107.9%
Net Profit Margin	7.0%	11.7%	-	-

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

Quarterly Yearly

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

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

Industry Rankings (Banks - Regional)

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

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

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

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

Speculation

The Price per Share of Waterstone Financial Inc is $11.09. 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 Waterstone Financial 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 Waterstone Financial 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 $17.16. Based on the TTM, the Book Value Change Per Share is $0.11 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.37 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 $0.19 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Waterstone Financial 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	0.00	0.0%	0.11	1.0%	0.22	2.0%	0.45	4.1%	0.32	2.9%
Usd Book Value Change Per Share	-0.11	-1.0%	0.11	1.0%	-0.37	-3.3%	-1.87	-16.9%	-0.73	-6.6%
Usd Dividend Per Share	0.15	1.3%	0.19	1.7%	0.33	3.0%	0.28	2.5%	0.20	1.8%
Usd Total Gains Per Share	0.03	0.3%	0.30	2.7%	-0.04	-0.3%	-1.59	-14.3%	-0.52	-4.7%
Usd Price Per Share	14.20	-	13.69	-	17.45	-	17.02	-	16.17	-
Price to Earnings Ratio	-1,779.69	-	-426.88	-	37.96	-	-72.33	-	-24.38	-
Price-to-Total Gains Ratio	415.69	-	172.66	-	13.25	-	35.14	-	16.84	-
Price to Book Ratio	0.83	-	0.79	-	0.82	-	0.85	-	0.75	-
Price-to-Total Gains Ratio	415.69	-	172.66	-	13.25	-	35.14	-	16.84	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	11.09
Number of shares	90

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.19	0.28
Usd Book Value Change Per Share	0.11	-1.87
Usd Total Gains Per Share	0.30	-1.59
Gains per Quarter (90 shares)	27.06	-143.03
Gains per Year (90 shares)	108.24	-572.10

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	68	40	98	101	-673	-582
2	136	81	206	203	-1347	-1154
3	203	121	314	304	-2020	-1726
4	271	162	422	406	-2694	-2298
5	339	202	530	507	-3367	-2870
6	407	243	638	608	-4041	-3442
7	474	283	746	710	-4714	-4014
8	542	324	854	811	-5388	-4586
9	610	364	962	912	-6061	-5158
10	678	405	1070	1014	-6735	-5730

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%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	64.0	14.0	0.0	82.1%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	4.0	8.0	0.0	33.3%	10.0	10.0	0.0	50.0%	24.0	16.0	0.0	60.0%	47.0	31.0	0.0	60.3%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	0.0	1.0	97.5%	39.0	0.0	39.0	50.0%
Total Gains per Share	4.0	0.0	0.0	100.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	31.0	9.0	0.0	77.5%	54.0	24.0	0.0	69.2%

Fundamentals of Waterstone Financial Inc

About Waterstone Financial Inc

https://www.wsbonline.com
Banks - Regional
698
11200 West Plank Court, Wauwatosa, WI, United States, 53226
Google Maps Bing Maps

Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, insurance products, and trust and investment management accounts. It also provides transaction deposits, interest bearing transaction accounts, demand deposits, non-interest-bearing demand accounts, and time deposits; secured and unsecured lines; commercial real estate construction loans; term loans for working capital, inventory, and general corporate use; and personal term loans and investment services. The Mortgage Banking segment offers residential mortgage loans for the purpose of sale in the secondary market. It also invests in a portfolio of securities include mortgage-backed securities, government-sponsored and private-label enterprise bonds, collateralized mortgage and municipal obligations, and other debt securities. The company was formerly known as Wauwatosa Holdings, Inc. and changed its name to Waterstone Financial, Inc. in August 2008. The company was founded in 1921 and is based in Wauwatosa, Wisconsin.

Fundamental data was last updated by Penke on 2024-04-12 22:24:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

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

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 very able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Waterstone Financial Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
A Net Profit Margin of -0.1% 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 Waterstone Financial Inc:

The MRQ is -0.1%. The company is not making a profit/loss.
The TTM is 7.0%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	-0.1%	TTM	7.0%	-7.1%
TTM	7.0%	YOY	11.7%	-4.7%
TTM	7.0%	5Y	18.4%	-11.5%
5Y	18.4%	10Y	16.1%	+2.3%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	-0.1%	18.4%	-18.5%
TTM	7.0%	28.0%	-21.0%
YOY	11.7%	25.2%	-13.5%
5Y	18.4%	22.8%	-4.4%
10Y	16.1%	19.8%	-3.7%

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

Revenue is the amount of profit Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Waterstone Financial Inc is 0.00. This means that Waterstone Financial 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Waterstone Financial Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc = -40
Total revenue MRQ Waterstone Financial Inc = 43,569
$-40 / $43,569 = 0.00 or -0.1%

Higher is better

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

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

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

1.1.2. Return on Assets

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

Above 5% is considered healthy but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
0.0% Return on Assets means that Waterstone Financial Inc generated $0.00 profit for each $1 in assets.

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

The MRQ is 0.0%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1

Trends

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

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.0%	0.1%	-0.1%
TTM	0.1%	0.2%	-0.1%
YOY	0.2%	0.2%	+0.0%
5Y	0.5%	0.2%	+0.3%
10Y	0.4%	0.2%	+0.2%

Shows how efficient Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Waterstone Financial Inc is using its resources to generate profit. If the return on assets (0.0%) from Waterstone Financial Inc are higher than the Banks - Regional mean (0.1%) that means Waterstone Financial 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 Waterstone Financial 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 Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Waterstone Financial Inc = -40
Total assets MRQ (balance sheet) from Waterstone Financial Inc = 2,215,045
-40 / 2,215,045 = 0.00 or 0.0%

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

Above 15%-20% is considered healthy but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
0.0% Return on Equity means Waterstone Financial Inc generated $0.00 for each $1 the owners (shareholders) invested.

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

The MRQ is 0.0%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 0.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.0%	TTM	0.7%	-0.7%
TTM	0.7%	YOY	1.3%	-0.6%
TTM	0.7%	5Y	2.7%	-2.0%
5Y	2.7%	10Y	2.0%	+0.7%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.0%	1.4%	-1.4%
TTM	0.7%	2.5%	-1.8%
YOY	1.3%	2.7%	-1.4%
5Y	2.7%	2.5%	+0.2%
10Y	2.0%	2.8%	-0.8%

Shows how efficient Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Waterstone Financial Inc is 0.0%. This means Waterstone Financial 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 Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial Inc up to 10 years back (depending if Waterstone Financial 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 Waterstone Financial Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Waterstone Financial Inc = -40
Shareholders equity (balance sheet) MRQ Waterstone Financial Inc = 344,056
-40 / 344,056 = 0.00 or 0.0%

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 Waterstone Financial Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Waterstone Financial Inc is operating .

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

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

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

Trends

Current period		Compared to		+/-
MRQ	-	TTM	8.6%	-8.6%
TTM	8.6%	YOY	14.6%	-6.0%
TTM	8.6%	5Y	24.0%	-15.4%
5Y	24.0%	10Y	22.7%	+1.3%

Measures how efficient Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

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

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Waterstone Financial Inc = 35,990
Total revenue MRQ Waterstone Financial Inc = 43,569
$35,990 / $43,569 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Waterstone Financial Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.17 means that the operating costs are $0.17 for each $1 in net sales.

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

The MRQ is 0.174. The company is very efficient in keeping operating costs low. +2
The TTM is -0.620.

Trends

Current period		Compared to		+/-
MRQ	0.174	TTM	-0.620	+0.794
TTM	-0.620	YOY	-0.854	+0.234
TTM	-0.620	5Y	-0.259	-0.362
5Y	-0.259	10Y	-0.030	-0.229

Measures how efficient Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Waterstone Financial Inc is 17.4%. This means that Waterstone Financial Inc earned $0.17 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial 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
(0 +7,579) \ 43,569 = 0.17

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 Waterstone Financial Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.07 means the company has $0.07 in assets for each $1 in short-term debts.

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

The MRQ is 0.074. The company is unable to pay all its short-term debts. -2
The TTM is 0.860. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.074	TTM	0.860	-0.787
TTM	0.860	YOY	25.386	-24.526
TTM	0.860	5Y	25.777	-24.916
5Y	25.777	10Y	15.912	+9.865

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.860	0.124	+0.736
YOY	25.386	0.225	+25.161
5Y	25.777	0.219	+25.558
10Y	15.912	0.131	+15.781

Measures if Waterstone Financial 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 Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Waterstone Financial 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 Waterstone Financial Inc is 0.07. This means Waterstone Financial Inc has $0.07 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
36,675 \ 498,161) = 0.07

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

Above 1 is considered healthy but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.35 means the company can pay off $0.35 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.350. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 6.978. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.350	TTM	6.978	-6.629
TTM	6.978	YOY	106.501	-99.522
TTM	6.978	5Y	115.507	-108.528
5Y	115.507	10Y	73.111	+42.395

Measures if Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Waterstone Financial Inc can pay off its short term debts. This shows if Waterstone Financial 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 Waterstone Financial Inc is 0.35. This means that Waterstone Financial Inc can pay off $0.35 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc: (-30,667 + 204,907 +0) / 498,161 = 0.35

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 Waterstone Financial Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Waterstone Financial Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.84 means that Waterstone Financial Inc assets are financed with 84.5% credit (debt) and the remaining percentage (100% - 84.5%) is financed by its owners/shareholders.

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

The MRQ is 0.845. The company is just able to pay all its debts by selling its assets.
The TTM is 0.839. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.845	TTM	0.839	+0.006
TTM	0.839	YOY	0.641	+0.198
TTM	0.839	5Y	0.697	+0.142
5Y	0.697	10Y	0.563	+0.133

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.845	0.915	-0.070
TTM	0.839	0.917	-0.078
YOY	0.641	0.919	-0.278
5Y	0.697	0.919	-0.222
10Y	0.563	0.927	-0.364

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Waterstone Financial Inc to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Waterstone Financial Inc is 0.84. This means means that Waterstone Financial Inc is financed with 84.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Waterstone Financial Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,870,989 \ 2,215,045 = 84.5% or 0.84.

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

Below 2 is considered healthy but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 543.8% means that company has $5.44 debt for each $1 in shareholders equity.

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

The MRQ is 5.438. The company is unable to pay all its debts with equity. -1
The TTM is 5.225. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	5.438	TTM	5.225	+0.213
TTM	5.225	YOY	3.327	+1.898
TTM	5.225	5Y	3.827	+1.398
5Y	3.827	10Y	2.852	+0.975

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	5.438	10.829	-5.391
TTM	5.225	11.013	-5.788
YOY	3.327	11.363	-8.036
5Y	3.827	11.437	-7.610
10Y	2.852	13.038	-10.186

Measures if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc is 5.44. This means that Waterstone Financial Inc can pay off $5.44 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,870,989 \ 344,056 = 5.44 or 543.8%

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 Waterstone Financial 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 Waterstone Financial Inc generates.

Above 15 is considered overpriced but always compare Waterstone Financial Inc to the Banks - Regional industry mean.
A PE ratio of -1,779.69 means the investor is paying $-1,779.69 for every $1 in earnings.

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

The EOD is -1,389.910. Based on the earnings, the company is expensive. -2
The MRQ is -1,779.686. Based on the earnings, the company is expensive. -2
The TTM is -426.879. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-1,389.910	MRQ	-1,779.686	+389.776
MRQ	-1,779.686	TTM	-426.879	-1,352.807
TTM	-426.879	YOY	37.956	-464.835
TTM	-426.879	5Y	-72.328	-354.551
5Y	-72.328	10Y	-24.377	-47.951

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-1,389.910	7.555	-1,397.465
MRQ	-1,779.686	6.680	-1,786.366
TTM	-426.879	5.295	-432.174
YOY	37.956	6.943	+31.013
5Y	-72.328	9.770	-82.098
10Y	-24.377	9.943	-34.320

Measures how much money you pay for each share for every $1 in earnings Waterstone Financial 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 Waterstone Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Waterstone Financial Inc is -1,779.69. This means the investor is paying $-1,779.69 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Waterstone Financial Inc is performing over time. The most recent quarter might be important if Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial 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 \ 19,398 = EPS
PE ratio MRQ = -1,779.69

* 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 Waterstone Financial Inc:

The EOD is -3.178. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -4.069. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -1.802. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-3.178	MRQ	-4.069	+0.891
MRQ	-4.069	TTM	-1.802	-2.267
TTM	-1.802	YOY	0.863	-2.665
TTM	-1.802	5Y	1.752	-3.555
5Y	1.752	10Y	-0.683	+2.435

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-3.178	-2.112	-1.066
MRQ	-4.069	-1.868	-2.201
TTM	-1.802	-0.342	-1.460
YOY	0.863	6.448	-5.585
5Y	1.752	0.429	+1.323
10Y	-0.683	0.091	-0.774

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.83 means the investor is paying $0.83 for each $1 in book value.

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

The EOD is 0.646. Based on the equity, the company is cheap. +2
The MRQ is 0.828. Based on the equity, the company is cheap. +2
The TTM is 0.790. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.646	MRQ	0.828	-0.181
MRQ	0.828	TTM	0.790	+0.037
TTM	0.790	YOY	0.819	-0.028
TTM	0.790	5Y	0.851	-0.061
5Y	0.851	10Y	0.749	+0.102

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.646	0.436	+0.210
MRQ	0.828	0.386	+0.442
TTM	0.790	0.470	+0.320
YOY	0.819	0.642	+0.177
5Y	0.851	0.795	+0.056
10Y	0.749	1.025	-0.276

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Waterstone Financial Inc

Institutions are holding 52.536% of the shares of Waterstone Financial Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	8.3435	0.0006	1673101	134316	8.7287
2023-12-31	Dimensional Fund Advisors, Inc.	8.24	0.0069	1652359	-43461	-2.5628
2023-12-31	Renaissance Technologies Corp	6.3489	0.028	1273136	-71100	-5.2892
2023-12-31	Vanguard Group Inc	5.0631	0.0003	1015297	3513	0.3472
2023-12-31	Rhino Investment Partners, Inc.	2.6704	1.4171	535489	-20849	-3.7475
2023-12-31	State Street Corporation	2.4191	0.0003	485096	10422	2.1956
2023-12-31	Geode Capital Management, LLC	1.9826	0.0006	397573	-660	-0.1657
2023-12-31	Bridgeway Capital Management, LLC	1.8899	0.1154	378976	6376	1.7112
2023-12-31	Morgan Stanley - Brokerage Accounts	1.1088	0.0003	222344	154805	229.2083
2023-12-31	Goldman Sachs Group Inc	1.0473	0.0003	210010	115435	122.0566
2023-12-31	Northern Trust Corp	0.9023	0.0005	180934	15688	9.4937
2023-12-31	Brandywine Global Investment Mgmt LLC	0.88	0.0202	176471	11781	7.1534
2023-12-31	Dean C H & Associates Inc	0.8457	0.3441	169582	20639	13.857
2023-12-31	Foundry Partners, LLC	0.8112	0.1391	162670	-2915	-1.7604
2023-12-31	American Century Companies Inc	0.7823	0.0015	156879	1836	1.1842
2023-12-31	Charles Schwab Investment Management Inc	0.739	0.0005	148183	-5779	-3.7535
2023-12-31	Federated Hermes Inc	0.6632	0.0047	132997	-58352	-30.4951
2023-12-31	Bank of New York Mellon Corp	0.5125	0.0003	102771	-38604	-27.3061
2023-12-31	Nuveen Asset Management, LLC	0.3306	0.0003	66292	659	1.0041
2023-12-31	Teton Advisors Inc	0.3142	0.2925	63000	-8520	-11.9128
Total		45.8946	2.3735	9203160	+225230	+2.4%

3.2. Funds holding Waterstone Financial Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9834	0.0005	598254	-15292	-2.4924
2024-03-28	iShares Russell 2000 ETF	2.4507	0.0091	491434	237	0.0482
2024-02-29	DFA US Small Cap Value I	1.4834	0.0245	297456	10658	3.7162
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3167	0.0033	264044	0	0
2023-12-31	Bridgeway Small-Cap Value	1.2487	0.6129	250400	0	0
2023-12-31	Bridgeway Small Cap Value	1.2487	0.6188	250400	0	0
2024-02-29	DFA US Small Cap I	1.2103	0.0198	242699	0	0
2023-12-31	Foundry Partners Micro Cap Value	1.1594	0.616	232500	0	0
2024-02-29	DFA US Targeted Value I	1.0609	0.0209	212749	0	0
2024-01-31	Fidelity Small Cap Index	0.8804	0.0095	176536	8990	5.3657
2024-02-29	Dean Small Cap Value SA	0.851	0.9201	170656	2235	1.327
2024-02-29	Dean Small Cap Value	0.851	0.8937	170656	2235	1.327
2024-03-28	iShares Russell 2000 Value ETF	0.8476	0.0165	169963	-108	-0.0635
2024-02-29	DFA US Micro Cap I	0.7895	0.0279	158326	-9547	-5.687
2024-03-29	Dimensional US Targeted Value ETF	0.6726	0.0163	134868	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.6554	0.0148	131428	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.6259	0.0038	125514	2900	2.3651
2023-12-31	Federated Hermes MDT SCC Institutional	0.5527	0.133	110836	-56058	-33.589
2023-12-31	Federated Hermes MDT Small Cap Core IS	0.5527	0.1334	110836	-56058	-33.589
2024-02-29	Fidelity Extended Market Index	0.5396	0.0036	108213	-524	-0.4819
Total		21.9806	4.0984	4407768	-110332	-2.5%

3.3. Insider Transactions

Insiders are holding 17.801% of the shares of Waterstone Financial Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2023-10-26	Douglas S Gordon	BUY	636	9.92

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Waterstone Financial 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	-	-	-0.113	0.112	-201%	-0.369	+226%	-1.871	+1553%	-0.728	+543%
Book Value Per Share	-	-	17.158	17.319	-1%	31.720	-46%	25.970	-34%	30.476	-44%
Current Ratio	-	-	0.074	0.860	-91%	25.386	-100%	25.777	-100%	15.912	-100%
Debt To Asset Ratio	-	-	0.845	0.839	+1%	0.641	+32%	0.697	+21%	0.563	+50%
Debt To Equity Ratio	-	-	5.438	5.225	+4%	3.327	+63%	3.827	+42%	2.852	+91%
Dividend Per Share	-	-	0.147	0.188	-22%	0.333	-56%	0.282	-48%	0.204	-28%
Eps	-	-	-0.002	0.115	-102%	0.219	-101%	0.450	-100%	0.323	-101%
Free Cash Flow Per Share	-	-	-0.872	-0.526	-40%	2.251	-139%	0.382	-328%	0.290	-401%
Free Cash Flow To Equity Per Share	-	-	-1.393	1.602	-187%	0.104	-1444%	0.540	-358%	0.260	-636%
Gross Profit Margin	-	-	26.750	7.205	+271%	0.613	+4262%	2.118	+1163%	1.473	+1717%
Intrinsic Value_10Y_max	-	-	21.970	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-62.095	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.121	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.096	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	10.920	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-5.596	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	15.955	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-16.872	-	-	-	-	-	-	-	-
Market Cap	222385552.000	-28%	284749760.000	279450127.500	+2%	389704867.250	-27%	402033474.450	-29%	422749322.643	-33%
Net Profit Margin	-	-	-0.001	0.070	-101%	0.117	-101%	0.184	-100%	0.161	-101%
Operating Margin	-	-	-	0.086	-100%	0.146	-100%	0.240	-100%	0.227	-100%
Operating Ratio	-	-	0.174	-0.620	+457%	-0.854	+591%	-0.259	+249%	-0.030	+117%
Pb Ratio	0.646	-28%	0.828	0.790	+5%	0.819	+1%	0.851	-3%	0.749	+10%
Pe Ratio	-1389.910	+22%	-1779.686	-426.879	-76%	37.956	-4789%	-72.328	-96%	-24.377	-99%
Price Per Share	11.090	-28%	14.200	13.693	+4%	17.448	-19%	17.020	-17%	16.171	-12%
Price To Free Cash Flow Ratio	-3.178	+22%	-4.069	-1.802	-56%	0.863	-572%	1.752	-332%	-0.683	-83%
Price To Total Gains Ratio	324.650	-28%	415.693	172.661	+141%	13.249	+3038%	35.143	+1083%	16.836	+2369%
Quick Ratio	-	-	0.350	6.978	-95%	106.501	-100%	115.507	-100%	73.111	-100%
Return On Assets	-	-	0.000	0.001	-102%	0.002	-101%	0.005	-100%	0.004	-100%
Return On Equity	-	-	0.000	0.007	-102%	0.013	-101%	0.027	-100%	0.020	-101%
Total Gains Per Share	-	-	0.034	0.301	-89%	-0.035	+204%	-1.589	+4752%	-0.524	+1634%
Usd Book Value	-	-	344056000.000	352988000.000	-3%	706252250.000	-51%	622671400.000	-45%	825494000.000	-58%
Usd Book Value Change Per Share	-	-	-0.113	0.112	-201%	-0.369	+226%	-1.871	+1553%	-0.728	+543%
Usd Book Value Per Share	-	-	17.158	17.319	-1%	31.720	-46%	25.970	-34%	30.476	-44%
Usd Dividend Per Share	-	-	0.147	0.188	-22%	0.333	-56%	0.282	-48%	0.204	-28%
Usd Eps	-	-	-0.002	0.115	-102%	0.219	-101%	0.450	-100%	0.323	-101%
Usd Free Cash Flow	-	-	-17493000.000	-11088500.000	-37%	51491000.000	-134%	8508050.000	-306%	6734650.000	-360%
Usd Free Cash Flow Per Share	-	-	-0.872	-0.526	-40%	2.251	-139%	0.382	-328%	0.290	-401%
Usd Free Cash Flow To Equity Per Share	-	-	-1.393	1.602	-187%	0.104	-1444%	0.540	-358%	0.260	-636%
Usd Market Cap	222385552.000	-28%	284749760.000	279450127.500	+2%	389704867.250	-27%	402033474.450	-29%	422749322.643	-33%
Usd Price Per Share	11.090	-28%	14.200	13.693	+4%	17.448	-19%	17.020	-17%	16.171	-12%
Usd Profit	-	-	-40000.000	2343750.000	-102%	4871500.000	-101%	10835000.000	-100%	8206325.000	-100%
Usd Revenue	-	-	43569000.000	35916250.000	+21%	39441250.000	+10%	51403000.000	-15%	45212075.000	-4%
Usd Total Gains Per Share	-	-	0.034	0.301	-89%	-0.035	+204%	-1.589	+4752%	-0.524	+1634%
	EOD	+2 -6	MRQ	TTM	+8 -28	YOY	+10 -26	5Y	+10 -26	10Y	+9 -27

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-1,389.910
Price to Book Ratio (EOD)	Between	0-1	0.646
Net Profit Margin (MRQ)	Greater than	0	-0.001
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.350
Current Ratio (MRQ)	Greater than	1	0.074
Debt to Asset Ratio (MRQ)	Less than	1	0.845
Debt to Equity Ratio (MRQ)	Less than	1	5.438
Return on Equity (MRQ)	Greater than	0.15	0.000
Return on Assets (MRQ)	Greater than	0.05	0.000
Total			2/10 (20.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.100
Ma 20	Greater than	Ma 50	11.269
Ma 50	Greater than	Ma 100	11.744
Ma 100	Greater than	Ma 200	12.433
Open	Greater than	Close	10.990
Total			1/5 (20.0%)

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
Other Current Liabilities	-185,700	-24,800	-210,500	-190,000	-400,500	241,500	-159,000	346,107	187,107
Long-term Assets Other	-217,693	-3,463	-221,156	5,810	-215,346	807	-214,539	310,607	96,068
Cash and Short Term Investments	232,547	14,075	246,622	2,016	248,638	1,917	250,555	-281,222	-30,667
Income before Tax	658	2,124	2,782	2,310	5,092	-1,339	3,753	-4,348	-595
Net Income	935	1,220	2,155	1,852	4,007	-754	3,253	-3,293	-40
Total Operating Expenses	-30,989	2,440	-28,549	-1,627	-30,176	432	-29,744	37,323	7,579
Total Other Income Expense Net	658	2,124	2,782	2,310	5,092	-1,339	3,753	-4,348	-595
Net Income from Continuing Operations	935	1,220	2,155	1,852	4,007	-754	3,253	-3,293	-40

Latest Balance Sheet

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

Summary

Total Assets	2,215,045
Total Liabilities	1,870,989
Total Stockholder Equity	344,056

	As reported
Total Liabilities	1,870,989
Total Stockholder Equity	+ 344,056
Total Assets	= 2,215,045

Assets

Total Assets	2,215,045
Total Current Assets	36,675
Long-term Assets	2,178,370

Total Current Assets

Total Current Assets (as reported)	36,675
Cash And Cash Equivalents	30,928
Short-term Investments	204,907
Total Current Assets (calculated)	235,835
+/-	199,160

Long-term Assets

Long-term Assets (as reported)	2,178,370
Property Plant Equipment	19,995
Long Term Investments	204,907
Long-term Assets Other	96,068
Long-term Assets (calculated)	320,970
+/-	1,857,400

Liabilities & Shareholders' Equity

Total Current Liabilities	498,161
Long-term Liabilities	1,372,828
Total Stockholder Equity	344,056

Total Current Liabilities

Total Current Liabilities (as reported)	498,161
Short-term Debt	311,054
Short Long Term Debt	309,000
Other Current Liabilities	187,107
Total Current Liabilities (calculated)	807,161
+/-	309,000

Long-term Liabilities

Long-term Liabilities (as reported)	1,372,828
Long term Debt	155,000
Long-term Liabilities (calculated)	155,000
+/-	1,217,828

Total Stockholder Equity

Total Stockholder Equity (as reported)	344,056
Common Stock	203
Retained Earnings	269,606
Accumulated Other Comprehensive Income	-17,792
Other Stockholders Equity	92,039
Total Stockholder Equity (calculated)	344,056
+/-	0

Other

Capital Stock	203
Cash and Short Term Investments	-30,667
Common Stock Shares Outstanding	19,398
Liabilities and Stockholders Equity	2,215,045
Net Debt	580,126
Net Invested Capital	808,056
Net Working Capital	-461,486
Property Plant and Equipment Gross	54,719
Short Long Term Debt Total	611,054

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

2005-09-30

2005-06-30

2005-03-31

2004-09-30

2004-06-30

2003-06-30

> Total Assets

1,104,893
1,240,084
0
1,344,713
1,386,132
1,772,757
1,557,663
1,575,301
1,692,067
1,648,470
1,647,537
1,647,011
1,679,644
1,710,202
1,777,408
1,848,428
1,897,861
1,885,432
1,923,186
1,927,683
1,907,981
1,868,266
1,844,938
1,881,025
1,896,282
1,808,966
1,761,026
1,723,320
1,742,268
1,712,851
1,698,902
1,681,181
1,679,568
1,661,076
1,628,754
1,632,876
1,597,818
1,947,039
1,764,758
1,802,392
1,799,325
1,783,380
1,766,048
1,737,223
1,744,709
1,762,729
1,737,578
1,799,266
1,795,035
1,790,619
1,727,173
1,886,310
1,854,128
1,806,401
1,839,264
1,877,230
1,919,403
1,915,381
1,928,665
2,015,138
2,005,429
1,996,347
2,056,676
2,217,573
2,220,822
2,184,587
2,198,011
2,201,953
2,234,111
2,215,858
2,004,614
1,941,097
1,975,051
2,031,672
2,114,499
2,229,825
2,221,358
2,215,045

2,215,045

2,221,358

2,229,825

2,114,499

2,031,672

1,975,051

1,941,097

2,004,614

2,215,858

2,234,111

2,201,953

2,198,011

2,184,587

2,220,822

2,217,573

2,056,676

1,996,347

2,005,429

2,015,138

1,928,665

1,915,381

1,919,403

1,877,230

1,839,264

1,806,401

1,854,128

1,886,310

1,727,173

1,790,619

1,795,035

1,799,266

1,737,578

1,762,729

1,744,709

1,737,223

1,766,048

1,783,380

1,799,325

1,802,392

1,764,758

1,947,039

1,597,818

1,632,876

1,628,754

1,661,076

1,679,568

1,681,181

1,698,902

1,712,851

1,742,268

1,723,320

1,761,026

1,808,966

1,896,282

1,881,025

1,844,938

1,868,266

1,907,981

1,927,683

1,923,186

1,885,432

1,897,861

1,848,428

1,777,408

1,710,202

1,679,644

1,647,011

1,647,537

1,648,470

1,692,067

1,575,301

1,557,663

1,772,757

1,386,132

1,344,713

1,240,084

1,104,893

> Total Current Assets

0
0
0
0
0
9,110
12,529
10,788
41,313
54,349
42,218
5,859
6,375
6,051
5,651
5,448
41,152
14,847
66,678
94,871
95,422
61,489
60,791
100,295
0
65,905
116,104
86,194
72,478
278,855
54,986
50,352
52,419
247,910
275,376
256,818
278,799
642,494
389,840
351,305
394,923
424,995
385,032
305,983
350,545
349,832
367,570
304,881
277,802
247,184
258,066
309,257
258,515
231,280
243,247
253,802
219,580
246,721
271,152
239,668
232,978
240,072
221,140
229,039
218,612
235,539
341,635
389,432
521,347
541,757
469,529
307,645
254,232
232,547
246,622
248,638
250,555
36,675

36,675

250,555

248,638

246,622

232,547

254,232

307,645

469,529

541,757

521,347

389,432

341,635

235,539

218,612

229,039

221,140

240,072

232,978

239,668

271,152

246,721

219,580

253,802

243,247

231,280

258,515

309,257

258,066

247,184

277,802

304,881

367,570

349,832

350,545

305,983

385,032

424,995

394,923

351,305

389,840

642,494

278,799

256,818

275,376

247,910

52,419

50,352

54,986

278,855

72,478

86,194

116,104

65,905

100,295

60,791

61,489

95,422

94,871

66,678

14,847

41,152

5,448

5,651

6,051

6,375

5,859

42,218

54,349

41,313

10,788

12,529

9,110

Cash And Cash Equivalents

7,485
11,116
0
0
10,107
7,639
12,529
10,788
41,313
54,349
42,218
5,859
6,375
6,051
5,651
5,448
41,152
14,847
66,678
72,675
90,817
61,489
60,791
100,295
0
65,905
116,104
86,194
72,478
72,336
54,986
50,352
52,419
42,893
54,905
40,565
67,170
429,076
174,251
72,604
115,550
151,552
109,925
36,488
93,009
80,174
99,837
51,155
32,406
20,389
35,941
100,178
57,675
31,573
56,264
68,784
40,504
61,001
86,928
56,806
54,922
61,596
49,651
64,927
65,411
75,920
179,372
217,208
346,517
362,741
267,576
107,100
56,934
35,959
46,182
53,627
56,056
30,928

30,928

56,056

53,627

46,182

35,959

56,934

107,100

267,576

362,741

346,517

217,208

179,372

75,920

65,411

64,927

49,651

61,596

54,922

56,806

86,928

61,001

40,504

68,784

56,264

31,573

57,675

100,178

35,941

20,389

32,406

51,155

99,837

80,174

93,009

36,488

109,925

151,552

115,550

72,604

174,251

429,076

67,170

40,565

54,905

42,893

52,419

50,352

54,986

72,336

72,478

86,194

116,104

65,905

100,295

60,791

61,489

90,817

72,675

66,678

14,847

41,152

5,448

5,651

6,051

6,375

5,859

42,218

54,349

41,313

10,788

12,529

7,639

10,107

11,116

7,485

Short-term Investments

21,282
8,275
0
0
10,361
0
0
0
0
47,062
0
0
0
12,392
0
0
0
9,002
0
22,196
4,605
13,886
0
0
0
9,431
0
207,753
207,152
206,519
214,958
213,242
207,618
205,017
220,471
216,253
211,629
213,418
215,589
278,701
279,373
273,443
275,107
269,495
257,536
269,658
267,733
253,726
245,396
226,795
222,125
209,079
200,840
199,707
186,983
185,018
179,076
185,720
184,224
182,862
178,056
178,476
171,489
164,112
153,201
159,619
162,263
172,224
174,830
179,016
201,953
200,545
197,298
196,588
200,440
195,011
194,499
204,907

204,907

194,499

195,011

200,440

196,588

197,298

200,545

201,953

179,016

174,830

172,224

162,263

159,619

153,201

164,112

171,489

178,476

178,056

182,862

184,224

185,720

179,076

185,018

186,983

199,707

200,840

209,079

222,125

226,795

245,396

253,726

267,733

269,658

257,536

269,495

275,107

273,443

279,373

278,701

215,589

213,418

211,629

216,253

220,471

205,017

207,618

213,242

214,958

206,519

207,152

207,753

9,431

13,886

4,605

22,196

9,002

12,392

47,062

10,361

8,275

21,282

Net Receivables

0
0
0
0
0
1,470
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,068,412
1,079,185
1,099,430
1,091,280
1,076,284
1,046,991
1,076,229
1,083,713
1,098,749
1,096,432
1,114,331
1,136,063
-68,076
1,180,118
1,211,150
1,247,097
-116,887
1,301,482
1,329,012
1,344,430
1,365,899
1,367,305
1,358,110
1,372,786
1,375,644
1,396,152
1,416,069
1,415,288
1,356,314
1,317,643
1,279,031
1,210,044
1,190,007
1,190,511
1,259,289
1,337,013
1,492,421
1,532,475
1,596,310
1,632,540
0

1,632,540

1,596,310

1,532,475

1,492,421

1,337,013

1,259,289

1,190,511

1,190,007

1,210,044

1,279,031

1,317,643

1,356,314

1,415,288

1,416,069

1,396,152

1,375,644

1,372,786

1,358,110

1,367,305

1,365,899

1,344,430

1,329,012

1,301,482

-116,887

1,247,097

1,211,150

1,180,118

-68,076

1,136,063

1,114,331

1,096,432

1,098,749

1,083,713

1,076,229

1,046,991

1,076,284

1,091,280

1,099,430

1,079,185

1,068,412

1,470

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
125,073
0
0
0
166,516
0
0
0
225,248
119,726
196,644
175,137
149,896
127,638
142,954
192,674
141,616
123,011
244,052
237,772
220,123
262,736
383,389
-163,931
-1,497,086
1,136,152
1,087,580
-521,347
312,738
154,440
122,341
73,089
46,787
54,337
61,335
62,665
36,675

36,675

62,665

61,335

54,337

46,787

73,089

122,341

154,440

312,738

-521,347

1,087,580

1,136,152

-1,497,086

-163,931

383,389

262,736

220,123

237,772

244,052

123,011

141,616

192,674

142,954

127,638

149,896

175,137

196,644

119,726

225,248

166,516

125,073

> Long-term Assets

0
0
0
0
0
154,736
147,868
147,997
216,992
149,955
157,523
185,707
211,394
211,801
222,843
227,971
225,113
220,385
220,501
252,801
236,684
237,207
228,078
237,748
0
234,010
236,922
238,088
237,189
236,523
242,224
240,357
234,488
231,952
247,315
244,034
240,113
240,508
242,541
305,637
305,647
299,005
300,177
294,354
282,731
294,986
292,842
278,244
269,440
250,450
245,706
232,249
223,729
222,648
209,575
207,788
201,493
210,244
208,439
207,840
202,945
203,504
196,110
188,295
177,162
183,341
185,665
195,410
197,506
201,289
223,885
222,326
218,789
217,693
221,156
215,346
214,539
2,178,370

2,178,370

214,539

215,346

221,156

217,693

218,789

222,326

223,885

201,289

197,506

195,410

185,665

183,341

177,162

188,295

196,110

203,504

202,945

207,840

208,439

210,244

201,493

207,788

209,575

222,648

223,729

232,249

245,706

250,450

269,440

278,244

292,842

294,986

282,731

294,354

300,177

299,005

305,647

305,637

242,541

240,508

240,113

244,034

247,315

231,952

234,488

240,357

242,224

236,523

237,189

238,088

236,922

234,010

237,748

228,078

237,207

236,684

252,801

220,501

220,385

225,113

227,971

222,843

211,801

211,394

185,707

157,523

149,955

216,992

147,997

147,868

154,736

Property Plant Equipment

12,161
15,894
0
23,178
24,018
25,129
27,417
31,168
31,168
32,625
32,904
32,741
32,424
32,018
31,830
31,253
30,932
30,560
30,047
29,660
29,384
29,144
28,807
28,546
28,386
28,196
28,005
27,687
27,389
27,356
27,266
27,115
26,870
26,935
26,844
27,781
28,484
27,090
26,952
26,936
26,274
25,562
25,070
24,859
25,195
25,328
25,109
24,518
24,044
23,655
23,581
23,170
22,889
22,941
22,592
22,770
22,417
24,524
24,215
24,978
24,889
25,028
24,621
24,183
23,961
23,722
23,402
23,186
22,676
22,273
21,932
21,781
21,491
21,105
20,716
20,335
20,040
19,995

19,995

20,040

20,335

20,716

21,105

21,491

21,781

21,932

22,273

22,676

23,186

23,402

23,722

23,961

24,183

24,621

25,028

24,889

24,978

24,215

24,524

22,417

22,770

22,592

22,941

22,889

23,170

23,581

23,655

24,044

24,518

25,109

25,328

25,195

24,859

25,070

25,562

26,274

26,936

26,952

27,090

28,484

27,781

26,844

26,935

26,870

27,115

27,266

27,356

27,389

27,687

28,005

28,196

28,386

28,546

28,807

29,144

29,384

29,660

30,047

30,560

30,932

31,253

31,830

32,018

32,424

32,741

32,904

32,625

31,168

27,417

25,129

24,018

23,178

15,894

12,161

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
1,266,684
1,293,476
1,275,165
1,258,131
1,257,012
1,246,482
1,236,242
1,199,807
1,211,193
1,164,652
0
0
0
0
285,046
0
0
0
286,463
0
1,585,501
1,616,678
238,839
1,527,039
159,726
189,763
215,601
202,623
201,778
196,506
203,270
184,224
182,862
178,056
178,476
171,489
164,112
153,201
159,619
162,263
172,224
174,830
179,016
201,953
200,545
197,298
196,588
200,440
195,011
194,499
204,907

204,907

194,499

195,011

200,440

196,588

197,298

200,545

201,953

179,016

174,830

172,224

162,263

159,619

153,201

164,112

171,489

178,476

178,056

182,862

184,224

203,270

196,506

201,778

202,623

215,601

189,763

159,726

1,527,039

238,839

1,616,678

1,585,501

286,463

285,046

1,164,652

1,211,193

1,199,807

1,236,242

1,246,482

1,257,012

1,258,131

1,275,165

1,293,476

1,266,684

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
615
1,103
2,177
3,220
3,909
4,762
3,849
3,377
1,933
2,715
1,538
2,511
2,877
3,511
978
1,422
1,679
2,005
2,396
2,260
291
515
718
888
939
1,043
1,099
109
0
0
0
282
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

282

109

1,099

1,043

939

888

718

515

291

2,260

2,396

2,005

1,679

1,422

978

3,511

2,877

2,511

1,538

2,715

1,933

3,377

3,849

4,762

3,909

3,220

2,177

1,103

615

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
425,031
543,962
530,911
513,383
552,453
658,222
0
0
0
0
0
0
0
0
0
0
0
0
0
0

658,222

552,453

513,383

530,911

543,962

425,031

Long-term Assets Other

0
0
0
0
0
-154,736
-147,868
-147,997
-216,992
-149,955
-157,523
-185,707
-211,394
-211,801
-222,843
-227,971
-225,113
-220,385
-220,501
-252,801
-236,684
-237,207
-228,078
-237,748
0
-234,010
-236,922
-238,088
-237,189
-236,523
-242,224
-240,357
-234,488
-231,952
-247,315
-244,034
-240,113
-240,508
-242,541
-305,637
-305,647
-299,005
-300,177
-294,354
-282,731
-294,986
-292,842
-278,244
-269,440
-250,450
-245,706
-232,249
-223,729
-222,648
-209,575
-207,788
-201,493
-210,244
-208,439
-207,840
-202,945
-203,504
-196,110
-188,295
-177,162
-183,341
-185,665
-195,410
-197,506
-201,289
-223,885
-222,326
-218,789
-217,693
-221,156
-215,346
-214,539
96,068

96,068

-214,539

-215,346

-221,156

-217,693

-218,789

-222,326

-223,885

-201,289

-197,506

-195,410

-185,665

-183,341

-177,162

-188,295

-196,110

-203,504

-202,945

-207,840

-208,439

-210,244

-201,493

-207,788

-209,575

-222,648

-223,729

-232,249

-245,706

-250,450

-269,440

-278,244

-292,842

-294,986

-282,731

-294,354

-300,177

-299,005

-305,647

-305,637

-242,541

-240,508

-240,113

-244,034

-247,315

-231,952

-234,488

-240,357

-242,224

-236,523

-237,189

-238,088

-236,922

-234,010

-237,748

-228,078

-237,207

-236,684

-252,801

-220,501

-220,385

-225,113

-227,971

-222,843

-211,801

-211,394

-185,707

-157,523

-149,955

-216,992

-147,997

-147,868

-154,736

> Total Liabilities

990,297
1,117,286
0
1,214,641
1,252,716
1,636,171
1,323,294
1,339,763
1,453,212
1,407,198
1,417,384
1,430,182
1,477,353
1,508,383
1,574,752
1,649,516
1,728,468
1,714,165
1,753,208
1,754,378
1,734,976
1,699,674
1,674,659
1,707,724
1,722,534
1,636,746
1,590,189
1,552,440
1,570,934
1,546,479
1,530,042
1,505,397
1,494,756
350,000
350,000
350,000
350,000
350,000
350,000
350,000
350,000
350,000
1,316,727
350,000
350,000
350,000
300,000
330,000
1,385,478
1,379,929
1,312,111
1,478,303
1,442,198
1,394,297
1,441,845
430,000
451,132
430,000
430,000
518,681
1,618,186
470,000
1,684,850
1,831,954
1,821,393
1,771,469
1,767,330
1,770,215
1,791,540
1,783,085
1,592,362
275,000
1,598,877
1,661,186
1,748,692
1,874,062
1,875,032
1,870,989

1,870,989

1,875,032

1,874,062

1,748,692

1,661,186

1,598,877

275,000

1,592,362

1,783,085

1,791,540

1,770,215

1,767,330

1,771,469

1,821,393

1,831,954

1,684,850

470,000

1,618,186

518,681

430,000

451,132

430,000

1,441,845

1,394,297

1,442,198

1,478,303

1,312,111

1,379,929

1,385,478

330,000

300,000

350,000

1,316,727

350,000

1,494,756

1,505,397

1,530,042

1,546,479

1,570,934

1,552,440

1,590,189

1,636,746

1,722,534

1,707,724

1,674,659

1,699,674

1,734,976

1,754,378

1,753,208

1,714,165

1,728,468

1,649,516

1,574,752

1,508,383

1,477,353

1,430,182

1,417,384

1,407,198

1,453,212

1,339,763

1,323,294

1,636,171

1,252,716

1,214,641

1,117,286

990,297

> Total Current Liabilities

0
0
0
0
0
60,180
36,209
36,209
31,531
41,224
51,953
51,953
47,422
53,484
30,050
32,296
25,050
4,100
41,100
53,000
53,000
73,900
36,900
57,901
0
22,959
979
1,244
18,678
27,138
25,193
45,031
57,053
985,401
960,243
949,053
909,528
21,197
10,063
20,686
0
864,605
50,000
0
0
1,120,564
0
0
50,000
65,000
35,000
85,000
55,000
35,000
10,000
998,357
1,025,582
1,044,657
1,056,797
1,079,721
20,000
1,085,240
40,000
104,000
34,000
29,000
4,000
5,000
5,000
5,000
5,000
236,103
50,000
185,700
210,500
400,500
159,000
498,161

498,161

159,000

400,500

210,500

185,700

50,000

236,103

5,000

4,000

29,000

34,000

104,000

40,000

1,085,240

20,000

1,079,721

1,056,797

1,044,657

1,025,582

998,357

10,000

35,000

55,000

85,000

35,000

65,000

50,000

1,120,564

50,000

864,605

20,686

10,063

21,197

909,528

949,053

960,243

985,401

57,053

45,031

25,193

27,138

18,678

1,244

979

22,959

57,901

36,900

73,900

53,000

41,100

4,100

25,050

32,296

30,050

53,484

47,422

51,953

41,224

31,531

36,209

60,180

Short-term Debt

0
0
0
0
0
57,199
36,209
36,209
31,531
41,224
51,953
51,953
47,422
53,484
30,050
32,296
25,050
4,100
41,100
53,000
53,000
73,900
36,900
57,901
0
22,959
979
1,244
18,678
27,138
25,193
45,031
57,053
45,888
45,324
56,046
37,243
21,197
10,063
20,686
0
434,645
50,000
0
0
220,000
0
0
50,000
65,000
35,000
85,000
55,000
35,000
10,000
432,917
0
0
0
0
20,000
0
40,000
104,000
34,000
29,000
4,000
5,000
5,000
5,000
5,000
6,100
50,000
185,700
210,500
400,500
159,000
311,054

311,054

159,000

400,500

210,500

185,700

50,000

6,100

5,000

4,000

29,000

34,000

104,000

40,000

20,000

432,917

10,000

35,000

55,000

85,000

35,000

65,000

50,000

220,000

50,000

434,645

20,686

10,063

21,197

37,243

56,046

45,324

45,888

57,053

45,031

25,193

27,138

18,678

1,244

979

22,959

57,901

36,900

73,900

53,000

41,100

4,100

25,050

32,296

30,050

53,484

47,422

51,953

41,224

31,531

36,209

57,199

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
434,645
0
0
0
220,000
0
0
0
149,000
335,864
498,103
80,000
65,000
50,000
432,917
0
0
0
0
20,000
0
40,000
104,000
34,000
29,000
4,000
5,000
5,000
5,000
5,000
0
50,000
185,700
210,500
400,500
159,000
309,000

309,000

159,000

400,500

210,500

185,700

50,000

5,000

4,000

29,000

34,000

104,000

40,000

20,000

432,917

50,000

65,000

80,000

498,103

335,864

149,000

220,000

434,645

Accounts payable

909,491
1,035,588
0
1,086,263
1,128,791
2,981
1,080,224
1,068,559
1,061,399
1,036,218
1,022,938
1,018,913
1,023,707
994,535
1,080,732
1,092,856
1,175,686
1,195,897
1,223,199
1,207,442
1,188,125
1,164,890
1,178,519
1,185,184
1,172,259
1,145,529
1,129,408
1,082,205
1,074,600
1,051,292
1,043,754
986,198
953,617
939,513
914,919
893,007
872,285
1,244,741
829,399
848,638
875,151
863,960
854,734
850,314
873,155
893,361
918,296
942,709
955,648
949,411
946,041
937,393
956,773
967,380
974,224
995,440
1,004,450
1,038,495
1,037,341
1,054,996
1,039,569
1,067,776
1,086,068
1,157,666
1,184,651
1,184,870
1,219,691
1,231,060
1,246,564
1,233,386
1,210,448
1,213,230
1,187,128
1,199,012
1,182,884
0
0
0

1,182,884

1,199,012

1,187,128

1,213,230

1,210,448

1,233,386

1,246,564

1,231,060

1,219,691

1,184,870

1,184,651

1,157,666

1,086,068

1,067,776

1,039,569

1,054,996

1,037,341

1,038,495

1,004,450

995,440

974,224

967,380

956,773

937,393

946,041

949,411

955,648

942,709

918,296

893,361

873,155

850,314

854,734

863,960

875,151

848,638

829,399

1,244,741

872,285

893,007

914,919

939,513

953,617

986,198

1,043,754

1,051,292

1,074,600

1,082,205

1,129,408

1,145,529

1,172,259

1,185,184

1,178,519

1,164,890

1,188,125

1,207,442

1,223,199

1,195,897

1,175,686

1,092,856

1,080,732

994,535

1,023,707

1,018,913

1,022,938

1,036,218

1,061,399

1,068,559

1,080,224

2,981

1,128,791

1,086,263

1,035,588

909,491

Other Current Liabilities

0
0
0
0
0
-60,180
-36,209
-36,209
-31,531
-41,224
-51,953
-51,953
-47,422
-53,484
-30,050
-32,296
-25,050
-4,100
-41,100
-53,000
-53,000
-73,900
-36,900
-57,901
0
-22,959
-979
-1,244
-18,678
-27,138
-25,193
-45,031
-57,053
939,513
914,919
893,007
872,285
0
0
0
0
863,960
-50,000
0
0
893,361
0
942,709
-50,000
-65,000
-35,000
-85,000
-55,000
-35,000
-10,000
0
0
0
0
0
-20,000
0
-40,000
-104,000
-34,000
-29,000
-4,000
-5,000
-5,000
-5,000
-5,000
230,003
-50,000
-185,700
-210,500
-400,500
-159,000
187,107

187,107

-159,000

-400,500

-210,500

-185,700

-50,000

230,003

-5,000

-4,000

-29,000

-34,000

-104,000

-40,000

-20,000

-10,000

-35,000

-55,000

-85,000

-35,000

-65,000

-50,000

942,709

893,361

-50,000

863,960

872,285

893,007

914,919

939,513

-57,053

-45,031

-25,193

-27,138

-18,678

-1,244

-979

-22,959

-57,901

-36,900

-73,900

-53,000

-41,100

-4,100

-25,050

-32,296

-30,050

-53,484

-47,422

-51,953

-41,224

-31,531

-36,209

-60,180

> Long-term Liabilities

0
0
0
0
0
47,363
182,003
202,003
317,472
292,779
311,050
322,950
362,950
422,000
437,000
487,000
487,000
483,762
470,900
474,415
482,533
434,630
442,045
449,796
0
436,379
434,000
434,000
434,000
350,000
434,000
434,000
434,000
350,000
350,000
350,000
350,000
350,000
350,000
350,000
350,000
350,000
384,000
350,000
350,000
350,000
300,000
330,000
230,000
230,000
230,000
330,000
355,000
340,000
405,000
430,000
451,132
430,000
430,000
518,681
470,000
470,000
470,000
470,000
470,000
470,000
470,000
470,000
470,000
470,000
315,000
275,000
250,000
200,000
290,000
195,000
326,000
1,372,828

1,372,828

326,000

195,000

290,000

200,000

250,000

275,000

315,000

470,000

518,681

430,000

451,132

430,000

405,000

340,000

355,000

330,000

230,000

330,000

300,000

350,000

384,000

350,000

434,000

350,000

434,000

436,379

449,796

442,045

434,630

482,533

474,415

470,900

483,762

487,000

437,000

422,000

362,950

322,950

311,050

292,779

317,472

202,003

182,003

47,363

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
434,000
434,000
434,000
434,000
434,000
434,000
434,000
434,000
434,000
434,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

434,000

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34,991
43,656
34,049
27,095
40,168
50,086
39,041
27,406
40,478
41,457
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

41,457

40,478

27,406

39,041

50,086

40,168

27,095

34,049

43,656

34,991

> Total Stockholder Equity

114,596
122,798
0
130,072
133,416
136,586
234,369
235,538
238,855
241,272
230,153
216,829
202,291
201,819
202,656
198,912
169,393
171,267
169,978
173,305
173,005
168,592
170,279
173,301
173,748
172,220
170,837
170,880
171,334
166,372
168,860
175,784
184,812
202,634
207,105
209,345
212,833
214,472
466,518
458,009
448,513
450,237
449,321
401,438
390,594
391,930
393,426
400,581
409,557
410,690
415,062
408,007
411,930
412,104
397,419
403,744
404,644
399,679
384,468
386,803
387,243
393,686
371,826
385,619
399,429
413,118
430,681
431,738
442,571
432,773
412,252
386,380
376,174
370,486
365,807
355,763
346,326
344,056

344,056

346,326

355,763

365,807

370,486

376,174

386,380

412,252

432,773

442,571

431,738

430,681

413,118

399,429

385,619

371,826

393,686

387,243

386,803

384,468

399,679

404,644

403,744

397,419

412,104

411,930

408,007

415,062

410,690

409,557

400,581

393,426

391,930

390,594

401,438

449,321

450,237

448,513

458,009

466,518

214,472

212,833

209,345

207,105

202,634

184,812

175,784

168,860

166,372

171,334

170,880

170,837

172,220

173,748

173,301

170,279

168,592

173,005

173,305

169,978

171,267

169,393

198,912

202,656

201,819

202,291

216,829

230,153

241,272

238,855

235,538

234,369

136,586

133,416

130,072

122,798

114,596

Common Stock

0
0
0
0
0
0
337
337
337
337
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
340
341
341
341
341
341
344
344
344
344
346
307
294
294
292
292
294
294
295
296
295
295
293
293
291
285
280
276
271
271
263
258
252
251
252
252
250
248
241
227
223
222
219
214
209
203

203

209

214

219

222

223

227

241

248

250

252

251

252

258

263

271

276

280

285

291

293

295

296

295

294

292

294

307

346

344

341

340

337

Retained Earnings

114,596
122,798
0
130,072
133,416
137,465
139,462
141,619
142,525
144,809
146,908
145,639
146,060
146,367
146,976
144,440
116,253
119,921
117,436
118,787
115,215
110,900
111,076
109,954
112,621
109,046
107,502
106,918
106,712
101,573
103,781
109,959
118,407
136,487
141,112
146,039
149,258
151,195
153,078
153,409
156,611
157,304
158,709
162,575
166,398
168,089
170,586
176,163
181,460
184,565
187,817
179,512
183,578
183,358
173,163
179,267
184,697
187,153
177,303
183,820
191,680
197,393
187,812
205,863
229,289
245,287
261,859
263,048
277,316
273,398
272,740
276,444
277,514
274,246
272,268
272,229
272,535
269,606

269,606

272,535

272,229

272,268

274,246

277,514

276,444

272,740

273,398

277,316

263,048

261,859

245,287

229,289

205,863

187,812

197,393

191,680

183,820

177,303

187,153

184,697

179,267

173,163

183,358

183,578

179,512

187,817

184,565

181,460

176,163

170,586

168,089

166,398

162,575

158,709

157,304

156,611

153,409

153,078

151,195

149,258

146,039

141,112

136,487

118,407

109,959

103,781

101,573

106,712

106,918

107,502

109,046

112,621

109,954

111,076

110,900

115,215

118,787

117,436

119,921

116,253

144,440

146,976

146,367

146,060

145,639

146,908

144,809

142,525

141,619

139,462

137,465

133,416

130,072

122,798

114,596

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
110,484
110,740
110,894
110,764
110,652
110,557
110,490
110,458
110,438
110,456
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
330,327
331,128
331,600
211,557
211,997
198,579
192,762
0
0
0
0
0
0
0
0
0
0
0
0
0
0

192,762

198,579

211,997

211,557

331,600

331,128

330,327

110,456

110,438

110,458

110,490

110,557

110,652

110,764

110,894

110,740

110,484

Treasury Stock

-112,338

-105,885

-97,921

-88,178

-82,701

-82,460

-78,736

-77,457

-77,071

-76,547

-76,378

-72,692

-72,125

-55,522

-5,346

-45,261

-42,875

-25,778

-14,476

-6,831

-7,045

-7,258

-7,471

Other Stockholders Equity

0
0
0
0
0
0
103,881
103,946
104,057
104,182
90,274
79,503
62,929
61,045
61,502
61,961
62,382
57,455
57,922
58,399
58,906
59,353
59,814
60,300
0
61,276
61,761
62,234
62,704
63,071
63,155
63,256
63,375
63,521
63,703
63,897
64,128
64,365
313,098
303,511
290,993
291,342
287,742
238,442
222,674
222,965
220,106
220,869
225,142
226,209
227,094
227,962
227,729
228,928
226,594
227,352
223,464
214,602
207,736
202,052
194,643
195,380
182,259
176,739
167,233
165,254
167,400
167,509
164,772
160,262
147,408
123,897
117,378
115,494
110,689
104,148
97,854
92,039

92,039

97,854

104,148

110,689

115,494

117,378

123,897

147,408

160,262

164,772

167,509

167,400

165,254

167,233

176,739

182,259

195,380

194,643

202,052

207,736

214,602

223,464

227,352

226,594

228,928

227,729

227,962

227,094

226,209

225,142

220,869

220,106

222,965

222,674

238,442

287,742

291,342

290,993

303,511

313,098

64,365

64,128

63,897

63,703

63,521

63,375

63,256

63,155

63,071

62,704

62,234

61,761

61,276

60,300

59,814

59,353

58,906

58,399

57,922

57,455

62,382

61,961

61,502

61,045

62,929

79,503

90,274

104,182

104,057

103,946

103,881

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
Accounts Payable	0	1,199,012	1,233,386	1,184,870	1,067,776	1,038,495	967,380	949,411	893,361	863,960	1,244,741	939,513	1,051,292	1,145,529	1,164,890	1,195,897	994,535	1,036,218	-	1,128,791	1,035,588	909,491	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Accumulated Other Comprehensive Income	-29,661	-19,476	-1,135	2,326	642	-2,361	-477	-378	582	1,247	-1,429	2,285	1,388	1,558	-2,001	-6,449	-5,933	-8,056	-9,256	0	-2,129	0	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Capital Stock	203	222	248	251	271	285	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Capital Surpluse	0	0	0	0	211,997	330,327	326,655	322,934	317,022	0	0	110,490	110,894	0	0	0	0	0	-	0	0	0	-	-
Cash	30,928	35,959	362,741	75,920	61,596	61,001	31,573	20,389	80,174	151,552	429,076	42,893	72,336	65,905	61,489	14,847	6,051	54,349	8,761	20,467	19,392	28,767	38,945	36,065
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Cash And Short Term Investments	-30,667	232,547	541,757	235,539	240,072	246,721	231,280	247,184	349,832	424,995	642,494	247,910	278,855	65,905	61,489	14,847	6,051	54,349	8,761	20,467	19,392	28,767	38,945	36,065
Common Stock	203	222	248	251	271	285	295	294	294	344	341	341	340	340	340	340	340	337	337	0	0	0	-	-
Common Stock Shares Outstanding	20,196	22,010	23,931	24,607	26,247	27,634	27,899	27,374	29,431	33,643	34,439	34,194	33,938	33,801	33,665	33,529	34,651	36,295	-	37,005	37,005	37,005	37,005	37,005
Common Stock Total Equity	0	0	0	251	271	285	295	294	294	344	341	341	340	340	340	340	340	337	337	0	0	0	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Earning Assets	0	0	0	0	513,383	454,103	460,774	569,566	550,588	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Intangible Assets	0	0	0	0	282	109	888	2,260	1,422	2,511	3,377	3,220	0	0	0	0	0	0	-	0	0	0	-	-
Inventory	-1,614,999	145	148	322	748	2,152	4,558	6,118	9,190	143,779	119,684	169,587	144,953	153,885	95,981	37,646	31,651	5,907	-	475	770	0	-	-
Liabilities And Stockholders Equity	2,215,045	2,031,672	2,215,858	2,184,587	1,996,347	1,915,381	1,806,401	1,790,619	1,762,729	1,783,380	1,947,039	1,661,076	1,712,851	1,808,966	1,868,266	1,885,432	1,710,202	1,648,470	1,511,209	1,386,132	1,240,084	1,104,893	1,002,435	978,616
Long Term Debt	155,000	386,784	477,127	508,074	470,000	430,000	340,000	230,000	214,000	434,000	434,000	434,000	434,000	434,000	434,000	482,900	422,000	292,779	-	61,278	35,000	50,000	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	434,000	434,000	0	0	0	0	0	-	0	0	0	-	-
Long Term Investments	204,907	196,588	179,016	159,619	178,476	185,720	199,707	226,795	286,463	285,046	0	1,236,242	1,275,165	0	0	0	0	0	-	0	0	0	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Net Debt	580,126	349,741	112,259	423,080	408,404	368,999	343,427	274,611	269,826	198,448	-79,076	307,107	277,664	393,433	447,041	473,015	469,433	279,654	192,451	76,112	40,608	-28,767	-38,945	-36,065
Net Invested Capital	808,056	757,270	909,900	912,118	863,686	829,679	787,104	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Net Receivables	1,645,666	1,492,421	1,190,007	1,356,314	1,375,644	1,365,899	1,277,737	1,161,855	1,098,749	1,076,284	1,068,412	0	0	0	0	0	0	0	1,145	1,145	0	0	-	-
Net Tangible Assets	0	370,486	432,773	413,118	393,686	399,679	412,104	410,690	391,930	450,237	0	202,634	166,372	0	0	0	0	0	-	0	0	0	-	-
Net Working Capital	-461,486	46,847	536,757	206,539	89,724	-797,936	196,280	182,184	-770,732	-439,610	621,297	-737,491	251,717	42,946	-12,411	10,747	-47,433	13,125	-	-13,388	-5,608	0	-	-
Non Current Assets Total	2,178,370	217,693	201,289	183,341	203,504	210,244	222,648	250,450	294,986	299,005	240,508	231,952	236,523	234,010	237,207	220,385	211,801	149,955	149,326	108,009	115,443	90,453	41,733	39,761
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0	0	39,041	34,049	0	0	0	0	0	-	0	0	0	-	-
Non Current Liabilities Total	1,372,828	200,000	470,000	470,000	470,000	430,000	340,000	230,000	350,000	350,000	350,000	350,000	350,000	436,379	434,630	483,762	422,000	292,779	114,003	61,579	35,000	990,297	898,928	885,913
Non Currrent Assets Other	96,068	-217,693	-201,289	-183,341	-203,504	-210,244	-222,648	-250,450	-294,986	-299,005	-240,508	-231,952	-236,523	-234,010	-237,207	-220,385	-211,801	-149,955	-149,326	-108,009	-115,443	-90,453	-41,733	-39,761
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Other Assets	0	1,581,432	1,472,812	1,765,707	1,552,771	1,458,416	1,352,473	1,292,985	1,117,911	1,059,380	1,064,037	1,181,214	1,197,473	1,509,051	1,569,570	1,650,200	1,492,350	1,444,166	1,353,122	1,256,511	1,105,249	985,673	921,757	902,790
Other Current Assets	36,675	46,787	376,870	95,089	75,048	-12,767	-9,267	225,248	166,516	125,073	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Other Current Liab	187,107	-185,700	-5,000	-29,000	133,564	0	-35,000	-65,000	893,361	863,960	0	939,513	-27,138	-22,959	-73,900	-4,100	-53,484	-41,224	-87,209	-35,000	-25,000	0	-	-
Other Liab	0	57,551	72,572	62,361	50,643	41,045	40,632	43,294	36,235	35,183	32,629	39,041	34,049	34,258	26,884	31,268	38,364	36,977	-	27,347	21,698	20,806	-	-
Other Stockholder Equity	103,908	115,494	160,262	165,254	195,380	214,602	228,928	226,209	222,965	291,342	64,365	63,521	63,071	61,276	59,353	57,455	61,045	104,182	103,859	-627	0	114,596	103,507	92,703
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Property Plant And Equipment Gross	54,719	54,600	54,832	23,722	25,028	24,524	22,941	23,655	25,328	25,562	27,090	26,935	27,356	28,196	29,144	30,560	32,018	32,625	25,022	24,018	15,894	0	-	-
Property Plant And Equipment Net	19,995	21,105	22,273	23,722	25,028	24,524	22,941	23,655	25,328	25,562	27,090	26,935	27,356	28,196	29,144	30,560	32,018	32,625	25,022	24,018	15,894	0	-	-
Property Plant Equipment	0	21,105	22,273	30,322	25,028	24,524	22,941	23,655	25,328	25,562	27,090	62,909	84,026	28,196	29,144	30,560	32,018	32,625	-	24,018	15,894	12,161	-	-
Retained Earnings	269,606	274,246	273,398	245,287	197,393	187,153	183,358	184,565	168,089	157,304	151,195	136,487	101,573	109,046	110,900	119,921	146,367	144,809	136,756	134,043	124,927	114,596	-	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	136,487	101,573	0	0	0	0	0	-	0	0	0	-	-
Short Long Term Debt	309,000	185,700	5,000	29,000	0	0	35,000	65,000	220,000	434,645	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Short Long Term Debt Total	611,054	385,700	475,000	499,000	470,000	430,000	375,000	295,000	350,000	350,000	350,000	350,000	350,000	459,338	508,530	487,862	475,484	334,003	201,212	96,579	60,000	0	-	-
Short Term Debt	311,054	185,700	5,000	29,000	16,784	0	35,000	65,000	220,000	434,645	21,197	45,888	27,138	22,959	73,900	4,100	53,484	41,224	87,209	35,000	25,000	0	-	-
Short Term Investments	204,907	196,588	179,016	159,619	178,476	185,720	199,707	226,795	269,658	273,443	213,418	205,017	206,519	9,431	4,255	9,002	12,392	47,062	-	10,361	8,275	21,282	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Total Assets	2,215,045	2,031,672	2,215,858	2,184,587	1,996,347	1,915,381	1,806,401	1,790,619	1,762,729	1,783,380	1,947,039	1,661,076	1,712,851	1,808,966	1,868,266	1,885,432	1,710,202	1,648,470	1,511,209	1,386,132	1,240,084	1,104,893	1,002,435	978,616
Total Current Assets	36,675	232,547	541,757	235,539	240,072	246,721	231,280	247,184	349,832	424,995	642,494	247,910	278,855	65,905	61,489	14,847	6,051	54,349	8,761	21,612	19,392	28,767	38,945	36,065
Total Current Liabilities	498,161	185,700	5,000	29,000	150,348	1,044,657	35,000	65,000	1,120,564	864,605	21,197	985,401	27,138	22,959	73,900	4,100	53,484	41,224	87,209	35,000	25,000	0	-	-
Total Liab	1,870,989	1,661,186	1,783,085	1,771,469	470,000	430,000	1,394,297	1,379,929	350,000	350,000	350,000	350,000	1,546,479	1,636,746	1,699,674	1,714,165	1,508,383	1,407,198	1,279,513	1,252,716	1,117,286	990,297	898,928	885,913
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-
Total Stockholder Equity	344,056	370,486	432,773	413,118	393,686	399,679	412,104	410,690	391,930	450,237	214,472	202,634	166,372	172,220	168,592	171,267	201,819	241,272	231,696	133,416	122,798	114,596	103,507	92,703
Treasury Stock	0	0	0	0	0	-97,921	-78,736	-76,547	-72,692	0	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-6,831	-	0	0	0	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-09-30	2005-06-30	2005-03-31	2004-09-30	2004-06-30	2003-06-30
Accounts Payable	0	0	0	1,182,884	1,199,012	1,187,128	1,213,230	1,210,448	1,233,386	1,246,564	1,231,060	1,219,691	1,184,870	1,184,651	1,157,666	1,086,068	1,067,776	1,039,569	1,054,996	1,037,341	1,038,495	1,004,450	995,440	974,224	967,380	956,773	937,393	946,041	949,411	955,648	942,709	918,296	893,361	873,155	850,314	854,734	863,960	875,151	848,638	829,399	1,244,741	872,285	893,007	914,919	939,513	953,617	986,198	1,043,754	1,051,292	1,074,600	1,082,205	1,129,408	1,145,529	1,172,259	1,185,184	1,178,519	1,164,890	1,188,125	1,207,442	1,223,199	1,195,897	1,175,686	1,092,856	1,080,732	994,535	1,023,707	1,018,913	1,022,938	1,036,218	1,061,399	1,068,559	1,080,224	2,981	1,128,791	1,086,263	0	1,035,588	909,491
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
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
Accumulated Other Comprehensive Income	-17,792	-24,272	-20,828	-17,369	-19,476	-18,941	-14,188	-8,137	-1,135	233	929	1,170	2,326	2,655	2,759	1,492	642	649	655	-851	-2,361	-3,808	-3,168	-2,631	-477	328	237	-144	-378	2,661	3,257	2,442	582	1,228	114	2,524	1,247	565	745	-2	-1,429	-894	-932	1,949	2,285	2,690	2,229	1,584	1,388	1,578	1,388	1,234	1,558	0	2,707	-951	-2,001	-1,456	-4,221	-5,720	-6,449	-9,582	-7,829	-6,162	-5,933	-7,038	-8,653	-7,369	-8,056	-8,064	-10,364	-9,311	-879	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	203	209	214	219	222	223	227	241	248	250	252	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	192,762	198,579	211,997	211,557	331,600	331,128	330,327	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	110,456	110,438	110,458	110,490	110,557	110,652	110,764	110,894	110,740	110,484	0	0	0	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	30,928	56,056	53,627	46,182	35,959	56,934	107,100	267,576	362,741	346,517	217,208	179,372	75,920	65,411	64,927	49,651	61,596	54,922	56,806	86,928	61,001	40,504	68,784	56,264	31,573	57,675	100,178	35,941	20,389	32,406	51,155	99,837	80,174	93,009	36,488	109,925	151,552	115,550	72,604	174,251	429,076	67,170	40,565	54,905	42,893	52,419	50,352	54,986	72,336	72,478	86,194	116,104	65,905	0	100,295	60,791	61,489	90,817	72,675	66,678	14,847	41,152	5,448	5,651	6,051	6,375	5,859	42,218	54,349	41,313	10,788	12,529	7,639	10,107	0	0	11,116	7,485
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
Cash And Short Term Investments	-30,667	250,555	248,638	246,622	232,547	254,232	307,645	469,529	541,757	521,347	389,432	341,635	235,539	218,612	229,039	221,140	240,072	232,978	239,668	271,152	246,721	219,580	253,802	243,247	231,280	258,515	309,257	258,066	247,184	277,802	304,881	367,570	349,832	350,545	305,983	385,032	424,995	394,923	351,305	389,840	642,494	278,799	256,818	275,376	247,910	52,419	50,352	54,986	278,855	72,478	86,194	116,104	65,905	0	100,295	60,791	61,489	95,422	94,871	66,678	14,847	41,152	5,448	5,651	6,051	6,375	5,859	42,218	54,349	41,313	10,788	12,529	7,639	0	0	0	0	0
Common Stock	203	209	214	219	222	223	227	241	248	250	252	252	251	252	258	263	271	271	276	280	285	291	293	293	295	295	296	295	294	294	292	292	294	294	307	346	344	344	344	344	341	341	341	341	341	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	340	337	337	337	337	0	0	0	0	0	0
Common Stock Shares Outstanding	19,398	20,022	20,431	20,980	22,174	21,454	22,229	23,311	23,802	23,960	24,029	23,950	23,877	24,380	24,513	25,612	25,852	25,962	26,412	26,720	27,218	27,680	27,742	27,802	27,914	27,953	27,955	27,867	27,699	27,429	27,204	27,279	27,279	27,795	31,190	32,650	32,650	34,036	34,252	34,503	34,503	34,471	34,420	34,383	34,383	34,193	34,166	34,057	33,682	33,949	33,928	33,905	33,905	33,812	33,791	33,768	33,768	33,676	33,285	33,634	33,634	33,538	33,517	33,623	33,623	33,802	35,172	36,131	36,131	36,305	36,284	36,263	37,005	0	0	37,005	0	0
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	252	252	251	252	258	263	271	271	276	280	285	291	293	293	295	295	296	295	294	294	292	292	294	294	307	346	344	344	344	344	341	341	341	341	341	340	340	340	340	340	340	340	340	0	340	340	340	340	340	340	340	340	340	340	340	340	340	340	337	337	337	337	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,079	0	0	0	1,564	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	658,222	552,453	513,383	530,911	543,962	425,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	282	0	0	0	109	1,099	1,043	939	888	718	515	291	2,260	2,396	2,005	1,679	1,422	978	3,511	2,877	2,511	1,538	2,715	1,933	3,377	3,849	4,762	3,909	3,220	2,177	1,103	615	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	0	0	0	145	148	148	148	148	148	150	150	322	772	702	702	748	1,887	1,684	1,649	2,152	2,170	2,378	131,012	154,454	179,705	201,428	124,796	231,366	235,219	217,444	115,691	175,706	153,964	222,246	184,427	143,779	170,030	190,587	129,392	119,684	120,331	162,028	134,967	169,587	166,994	170,304	146,711	144,953	140,298	112,006	90,276	153,885	160,058	116,888	93,158	95,981	74,520	75,530	59,790	37,646	28,939	28,822	30,069	31,651	17,870	9,547	8,406	5,907	3,830	5,574	587	0	475	1,449	0	770	0
Liabilities And Stockholders Equity	2,215,045	2,221,358	2,229,825	2,114,499	2,031,672	1,975,051	1,941,097	2,004,614	2,215,858	2,234,111	2,201,953	2,198,011	2,184,587	2,220,822	2,217,573	2,056,676	1,996,347	2,005,429	2,015,138	1,928,665	1,915,381	1,919,403	1,877,230	1,839,264	1,806,401	1,854,128	1,886,310	1,727,173	1,790,619	1,795,035	1,799,266	1,737,578	1,762,729	1,744,709	1,737,223	1,766,048	1,783,380	1,799,325	1,802,392	1,764,758	1,947,039	1,597,818	1,632,876	1,628,754	1,661,076	1,679,568	1,681,181	1,698,902	1,712,851	1,742,268	1,723,320	1,761,026	1,808,966	0	1,881,025	1,844,938	1,868,266	1,907,981	1,927,683	1,923,186	1,885,432	1,897,861	1,848,428	1,777,408	1,710,202	1,679,644	1,647,011	1,647,537	1,648,470	1,692,067	1,575,301	1,557,663	1,772,757	0	0	0	0	0
Long Term Debt	155,000	587,917	614,877	501,696	386,784	319,951	281,100	326,478	477,127	475,000	475,000	490,505	508,074	470,000	470,000	470,000	470,000	470,000	518,681	430,000	430,000	430,000	430,000	405,000	340,000	355,000	330,000	230,000	314,000	314,000	414,000	384,000	434,000	434,000	434,000	384,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	459,000	507,900	470,900	482,900	487,000	487,000	437,000	422,000	362,950	322,950	311,050	292,779	317,472	202,003	182,003	0	61,578	61,585	0	35,000	50,000
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	204,907	194,499	195,011	200,440	196,588	197,298	200,545	201,953	179,016	174,830	172,224	162,263	159,619	153,201	164,112	171,489	178,476	178,056	182,862	184,224	203,270	196,506	201,778	202,623	215,601	189,763	159,726	1,527,039	238,839	1,616,678	1,585,501	0	286,463	0	0	0	285,046	0	0	0	0	1,164,652	1,211,193	1,199,807	1,236,242	1,246,482	1,257,012	1,258,131	1,275,165	1,293,476	1,266,684	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
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
Net Debt	580,126	428,944	541,873	454,318	349,741	243,066	167,900	52,424	112,259	128,483	257,792	294,628	423,080	438,589	509,073	460,349	408,404	435,078	461,875	343,072	368,999	410,628	361,216	358,736	343,427	352,325	314,822	229,059	274,611	247,594	278,845	200,163	269,826	256,991	313,512	324,075	198,448	234,450	277,396	175,749	-79,076	282,830	309,435	295,095	307,107	438,634	428,679	404,207	277,664	380,200	349,050	318,875	393,433	0	407,402	418,154	447,041	444,716	454,740	445,322	473,015	470,898	513,848	461,399	469,433	403,997	369,044	320,785	279,654	307,690	227,424	205,683	96,923	0	0	0	0	0
Net Invested Capital	808,056	934,243	970,640	867,503	757,270	696,125	667,480	738,730	909,900	917,571	906,738	921,186	912,118	903,429	959,619	881,826	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	1,632,540	1,596,310	1,532,475	1,492,421	1,337,013	1,259,289	1,190,511	1,190,007	1,210,044	1,279,031	1,317,643	1,356,314	1,415,288	1,416,069	1,396,152	1,375,644	1,372,786	1,358,110	1,367,305	1,365,899	1,344,430	1,329,012	1,301,482	-116,887	1,247,097	1,211,150	1,180,118	-68,076	1,136,063	1,114,331	1,096,432	1,098,749	1,083,713	1,076,229	1,046,991	1,076,284	1,091,280	1,099,430	1,079,185	1,068,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,470	0	0	0	0	0
Net Tangible Assets	0	0	0	0	370,486	376,174	386,380	412,252	432,773	442,571	431,738	430,681	413,118	399,429	385,619	371,826	393,686	387,243	386,803	384,468	399,679	404,644	403,744	397,419	412,104	411,930	408,007	415,062	410,690	409,557	400,581	0	391,930	0	0	0	450,237	0	0	0	0	212,833	209,345	207,105	202,634	184,812	175,784	168,860	166,372	171,334	170,880	0	0	0	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	-461,486	91,555	-151,862	36,122	46,847	204,232	71,542	464,529	536,757	516,347	384,432	337,635	206,539	184,612	125,039	181,140	-845,168	212,978	-840,053	-785,645	-797,936	-806,002	-744,555	233,247	196,280	203,515	224,257	223,066	182,184	227,802	0	0	-770,732	0	0	335,032	-439,610	0	330,619	379,777	621,297	-630,729	-692,235	-684,867	-737,491	-4,634	5,321	29,793	251,717	53,800	84,950	115,125	42,946	0	42,394	23,891	-12,411	42,422	41,871	25,578	10,747	16,102	-26,848	-24,399	-47,433	-41,047	-46,094	-9,735	13,125	9,782	-25,421	-23,680	-51,070	0	0	0	0	0
Non Current Assets Total	2,178,370	214,539	215,346	221,156	217,693	218,789	222,326	223,885	201,289	197,506	195,410	185,665	183,341	177,162	188,295	196,110	203,504	202,945	207,840	208,439	210,244	201,493	207,788	209,575	222,648	223,729	232,249	245,706	250,450	269,440	278,244	292,842	294,986	282,731	294,354	300,177	299,005	305,647	305,637	242,541	240,508	240,113	244,034	247,315	231,952	234,488	240,357	242,224	236,523	237,189	238,088	236,922	234,010	0	237,748	228,078	237,207	236,684	252,801	220,501	220,385	225,113	227,971	222,843	211,801	211,394	185,707	157,523	149,955	216,992	147,997	147,868	154,736	0	0	0	0	0
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	41,457	40,478	27,406	39,041	50,086	40,168	27,095	34,049	43,656	34,991	0	0	0	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	1,372,828	326,000	195,000	290,000	200,000	250,000	275,000	315,000	470,000	470,000	470,000	470,000	470,000	470,000	470,000	470,000	470,000	470,000	518,681	430,000	430,000	451,132	430,000	405,000	340,000	355,000	330,000	230,000	230,000	230,000	330,000	300,000	350,000	350,000	350,000	384,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	434,000	434,000	434,000	350,000	434,000	434,000	434,000	436,379	0	449,796	442,045	434,630	482,533	474,415	470,900	483,762	487,000	487,000	437,000	422,000	362,950	322,950	311,050	292,779	317,472	202,003	182,003	47,363	0	0	0	0	0
Non Currrent Assets Other	96,068	-214,539	-215,346	-221,156	-217,693	-218,789	-222,326	-223,885	-201,289	-197,506	-195,410	-185,665	-183,341	-177,162	-188,295	-196,110	-203,504	-202,945	-207,840	-208,439	-210,244	-201,493	-207,788	-209,575	-222,648	-223,729	-232,249	-245,706	-250,450	-269,440	-278,244	-292,842	-294,986	-282,731	-294,354	-300,177	-299,005	-305,647	-305,637	-242,541	-240,508	-240,113	-244,034	-247,315	-231,952	-234,488	-240,357	-242,224	-236,523	-237,189	-238,088	-236,922	-234,010	0	-237,748	-228,078	-237,207	-236,684	-252,801	-220,501	-220,385	-225,113	-227,971	-222,843	-211,801	-211,394	-185,707	-157,523	-149,955	-216,992	-147,997	-147,868	-154,736	0	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,756,264	1,765,841	1,646,721	1,581,432	1,502,030	1,411,126	1,311,200	1,472,812	1,515,258	1,617,111	1,670,711	1,765,707	1,825,048	1,800,239	1,639,426	1,552,771	1,569,506	1,567,630	1,449,074	1,458,416	1,498,330	1,415,640	1,386,442	1,352,473	1,371,884	1,344,804	1,223,401	1,292,985	1,247,793	1,216,141	1,077,166	1,117,911	1,111,433	1,136,886	1,080,839	1,059,380	1,098,755	1,145,450	1,132,377	1,064,037	1,078,906	1,132,024	1,106,063	1,181,214	1,392,661	1,390,472	1,401,692	1,197,473	1,432,601	1,399,038	1,408,000	1,509,051	278,087	1,542,982	1,556,069	1,569,570	1,575,875	1,580,011	1,636,007	1,650,200	1,631,596	1,615,009	1,548,914	1,492,350	1,461,875	1,455,445	1,447,796	1,444,166	1,433,762	1,416,516	1,397,266	1,608,911	127,610	129,933	0	140,435	123,912
Other Current Assets	36,675	62,665	61,335	54,337	46,787	73,089	122,341	154,440	312,738	-521,347	1,087,580	1,136,152	-1,497,086	-163,931	383,389	262,736	220,123	237,772	244,052	123,011	141,616	192,674	142,954	127,638	149,896	175,137	196,644	119,726	225,248	0	0	0	166,516	0	0	0	125,073	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	187,107	-159,000	-400,500	-210,500	-185,700	-50,000	230,003	-5,000	-5,000	-5,000	-5,000	-4,000	-29,000	-34,000	-104,000	-40,000	0	-20,000	0	0	0	0	0	-10,000	-35,000	-55,000	-85,000	-35,000	-65,000	-50,000	942,709	0	893,361	0	0	-50,000	863,960	0	0	0	0	872,285	893,007	914,919	939,513	-57,053	-45,031	-25,193	-27,138	-18,678	-1,244	-979	-22,959	0	-57,901	-36,900	-73,900	-53,000	-53,000	-41,100	-4,100	-25,050	-32,296	-30,050	-53,484	-47,422	-51,953	-51,953	-41,224	-31,531	-36,209	-36,209	-60,180	0	0	0	0	0
Other Liab	0	0	57,217	50,584	57,551	91,798	60,387	55,436	72,572	69,976	55,821	46,786	62,361	69,452	59,118	55,176	41,763	53,402	43,999	47,631	41,045	59,177	45,129	33,256	40,632	49,922	42,807	31,306	43,363	51,847	41,231	29,634	36,235	46,960	41,471	27,993	35,183	41,661	41,059	24,778	32,629	41,457	40,478	27,406	39,041	50,086	40,168	27,095	34,049	43,656	34,991	25,802	34,258	43,373	30,639	25,240	26,884	34,851	34,936	18,009	31,268	40,732	37,364	26,970	38,364	43,274	36,366	31,443	36,977	42,810	32,992	24,858	0	27,347	18,793	0	21,698	20,806
Other Stockholder Equity	92,039	97,854	104,148	110,689	115,494	117,378	123,897	147,408	160,262	164,772	167,509	167,400	165,254	167,233	176,739	182,259	195,380	194,643	202,052	207,736	214,602	223,464	227,352	226,594	228,928	227,729	227,962	227,094	226,209	225,142	220,869	220,106	222,965	222,674	238,442	287,742	291,342	290,993	303,511	313,098	64,365	64,128	63,897	63,703	63,521	63,375	63,256	63,155	63,071	62,704	62,234	61,761	61,276	0	60,300	59,814	59,353	58,906	58,399	57,922	57,455	62,382	61,961	61,502	61,045	62,929	79,503	90,274	104,182	104,057	103,946	103,881	0	0	0	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	54,719	0	0	0	54,600	0	0	0	0	0	23,186	23,402	23,722	23,961	24,183	24,621	25,028	24,889	24,978	24,215	24,524	22,417	22,770	22,592	22,941	22,889	23,170	23,581	23,655	24,044	24,518	25,109	25,328	25,195	24,859	25,070	25,562	26,274	26,936	26,952	27,090	28,484	27,781	26,844	26,935	26,870	27,115	27,266	27,356	27,389	27,687	28,005	28,196	0	28,546	28,807	29,144	29,384	29,660	30,047	30,560	30,932	31,253	31,830	32,018	32,424	32,741	32,904	32,625	31,168	31,168	27,417	25,129	0	0	0	0	0
Property Plant And Equipment Net	19,995	20,040	20,335	20,716	21,105	21,491	21,781	21,932	22,273	22,676	23,186	23,402	23,722	23,961	24,183	24,621	25,028	24,889	24,978	24,215	24,524	22,417	22,770	22,592	22,941	22,889	23,170	23,581	23,655	24,044	24,518	25,109	25,328	25,195	24,859	25,070	25,562	26,274	26,936	26,952	27,090	28,484	27,781	26,844	26,935	26,870	27,115	27,266	27,356	27,389	27,687	28,005	28,196	0	28,546	28,807	29,144	29,384	29,660	30,047	30,560	30,932	31,253	31,830	32,018	32,424	32,741	32,904	32,625	31,168	31,168	27,417	25,129	0	0	0	0	0
Property Plant Equipment	0	0	0	0	21,105	21,491	21,781	21,932	22,273	22,676	29,486	30,502	30,322	30,461	31,383	32,321	33,428	33,789	34,078	33,515	24,524	22,417	22,770	22,592	22,941	22,889	23,170	23,581	23,655	24,044	24,518	25,109	25,328	25,195	24,859	25,070	25,562	26,274	26,936	26,952	27,090	51,631	57,764	57,643	62,909	70,707	74,930	83,276	84,026	86,755	87,807	28,005	28,196	28,386	28,546	28,807	29,144	29,384	29,660	30,047	30,560	30,932	31,253	31,830	32,018	32,424	32,741	32,904	32,625	31,168	31,168	27,417	0	24,018	23,178	0	15,894	12,161
Retained Earnings	269,606	272,535	272,229	272,268	274,246	277,514	276,444	272,740	273,398	277,316	263,048	261,859	245,287	229,289	205,863	187,812	197,393	191,680	183,820	177,303	187,153	184,697	179,267	173,163	183,358	183,578	179,512	187,817	184,565	181,460	176,163	170,586	168,089	166,398	162,575	158,709	157,304	156,611	153,409	153,078	151,195	149,258	146,039	141,112	136,487	118,407	109,959	103,781	101,573	106,712	106,918	107,502	109,046	112,621	109,954	111,076	110,900	115,215	118,787	117,436	119,921	116,253	144,440	146,976	146,367	146,060	145,639	146,908	144,809	142,525	141,619	139,462	137,465	133,416	130,072	0	122,798	114,596
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	149,258	146,039	141,112	136,487	118,407	109,959	103,781	101,573	106,712	106,918	0	0	0	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	309,000	159,000	400,500	210,500	185,700	50,000	0	5,000	5,000	5,000	5,000	4,000	29,000	34,000	104,000	40,000	0	20,000	0	0	0	0	432,917	50,000	65,000	80,000	498,103	335,864	149,000	0	0	0	220,000	0	0	0	434,645	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	611,054	485,000	595,500	500,500	385,700	300,000	275,000	320,000	475,000	475,000	475,000	474,000	499,000	504,000	574,000	510,000	470,000	490,000	518,681	430,000	430,000	451,132	430,000	415,000	375,000	410,000	415,000	265,000	295,000	280,000	330,000	300,000	350,000	350,000	350,000	434,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	491,053	479,031	459,193	350,000	452,678	435,244	434,979	459,338	0	507,697	478,945	508,530	535,533	527,415	512,000	487,862	512,050	519,296	467,050	475,484	410,372	374,903	363,003	334,003	349,003	238,212	218,212	104,562	0	0	0	0	0
Short Term Debt	311,054	159,000	400,500	210,500	185,700	50,000	6,100	5,000	5,000	5,000	5,000	4,000	29,000	34,000	104,000	40,000	0	20,000	0	0	0	0	432,917	10,000	35,000	55,000	85,000	35,000	65,000	50,000	0	0	220,000	0	0	50,000	434,645	0	20,686	10,063	21,197	37,243	56,046	45,324	45,888	57,053	45,031	25,193	27,138	18,678	1,244	979	22,959	0	57,901	36,900	73,900	53,000	53,000	41,100	4,100	25,050	32,296	30,050	53,484	47,422	51,953	51,953	41,224	31,531	36,209	36,209	57,199	0	0	0	0	0
Short Term Investments	204,907	194,499	195,011	200,440	196,588	197,298	200,545	201,953	179,016	174,830	172,224	162,263	159,619	153,201	164,112	171,489	178,476	178,056	182,862	184,224	185,720	179,076	185,018	186,983	199,707	200,840	209,079	222,125	226,795	245,396	253,726	267,733	269,658	257,536	269,495	275,107	273,443	279,373	278,701	215,589	213,418	211,629	216,253	220,471	205,017	207,618	213,242	214,958	206,519	207,152	207,753	0	9,431	0	0	0	13,886	4,605	22,196	0	9,002	0	0	0	12,392	0	0	0	47,062	0	0	0	0	10,361	0	0	8,275	21,282
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
Total Assets	2,215,045	2,221,358	2,229,825	2,114,499	2,031,672	1,975,051	1,941,097	2,004,614	2,215,858	2,234,111	2,201,953	2,198,011	2,184,587	2,220,822	2,217,573	2,056,676	1,996,347	2,005,429	2,015,138	1,928,665	1,915,381	1,919,403	1,877,230	1,839,264	1,806,401	1,854,128	1,886,310	1,727,173	1,790,619	1,795,035	1,799,266	1,737,578	1,762,729	1,744,709	1,737,223	1,766,048	1,783,380	1,799,325	1,802,392	1,764,758	1,947,039	1,597,818	1,632,876	1,628,754	1,661,076	1,679,568	1,681,181	1,698,902	1,712,851	1,742,268	1,723,320	1,761,026	1,808,966	1,896,282	1,881,025	1,844,938	1,868,266	1,907,981	1,927,683	1,923,186	1,885,432	1,897,861	1,848,428	1,777,408	1,710,202	1,679,644	1,647,011	1,647,537	1,648,470	1,692,067	1,575,301	1,557,663	1,772,757	1,386,132	1,344,713	0	1,240,084	1,104,893
Total Current Assets	36,675	250,555	248,638	246,622	232,547	254,232	307,645	469,529	541,757	521,347	389,432	341,635	235,539	218,612	229,039	221,140	240,072	232,978	239,668	271,152	246,721	219,580	253,802	243,247	231,280	258,515	309,257	258,066	247,184	277,802	304,881	367,570	349,832	350,545	305,983	385,032	424,995	394,923	351,305	389,840	642,494	278,799	256,818	275,376	247,910	52,419	50,352	54,986	278,855	72,478	86,194	116,104	65,905	0	100,295	60,791	61,489	95,422	94,871	66,678	14,847	41,152	5,448	5,651	6,051	6,375	5,859	42,218	54,349	41,313	10,788	12,529	9,110	0	0	0	0	0
Total Current Liabilities	498,161	159,000	400,500	210,500	185,700	50,000	236,103	5,000	5,000	5,000	5,000	4,000	29,000	34,000	104,000	40,000	1,085,240	20,000	1,079,721	1,056,797	1,044,657	1,025,582	998,357	10,000	35,000	55,000	85,000	35,000	65,000	50,000	0	0	1,120,564	0	0	50,000	864,605	0	20,686	10,063	21,197	909,528	949,053	960,243	985,401	57,053	45,031	25,193	27,138	18,678	1,244	979	22,959	0	57,901	36,900	73,900	53,000	53,000	41,100	4,100	25,050	32,296	30,050	53,484	47,422	51,953	51,953	41,224	31,531	36,209	36,209	60,180	0	0	0	0	0
Total Liab	1,870,989	1,875,032	1,874,062	1,748,692	1,661,186	1,598,877	275,000	1,592,362	1,783,085	1,791,540	1,770,215	1,767,330	1,771,469	1,821,393	1,831,954	1,684,850	470,000	1,618,186	518,681	430,000	430,000	451,132	430,000	1,441,845	1,394,297	1,442,198	1,478,303	1,312,111	1,379,929	1,385,478	330,000	300,000	350,000	350,000	350,000	1,316,727	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	350,000	1,494,756	1,505,397	1,530,042	1,546,479	1,570,934	1,552,440	1,590,189	1,636,746	1,722,534	1,707,724	1,674,659	1,699,674	1,734,976	1,754,378	1,753,208	1,714,165	1,728,468	1,649,516	1,574,752	1,508,383	1,477,353	1,430,182	1,417,384	1,407,198	1,453,212	1,339,763	1,323,294	1,636,171	1,252,716	1,214,641	0	1,117,286	990,297
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
Total Stockholder Equity	344,056	346,326	355,763	365,807	370,486	376,174	386,380	412,252	432,773	442,571	431,738	430,681	413,118	399,429	385,619	371,826	393,686	387,243	386,803	384,468	399,679	404,644	403,744	397,419	412,104	411,930	408,007	415,062	410,690	409,557	400,581	393,426	391,930	390,594	401,438	449,321	450,237	448,513	458,009	466,518	214,472	212,833	209,345	207,105	202,634	184,812	175,784	168,860	166,372	171,334	170,880	170,837	172,220	173,748	173,301	170,279	168,592	173,005	173,305	169,978	171,267	169,393	198,912	202,656	201,819	202,291	216,829	230,153	241,272	238,855	235,538	234,369	136,586	133,416	130,072	0	122,798	114,596
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-112,338	-105,885	-97,921	-88,178	-82,701	-82,460	-78,736	-78,736	-77,457	-77,071	-76,547	-76,547	-76,547	-76,378	-72,692	-72,125	-55,522	-5,346	0	0	0	0	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-45,261	-42,875	-25,778	-14,476	-6,831	-7,045	-7,258	-7,471	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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	2004-12-31	2003-12-31	2002-12-31
Begin Period Cash Flow	46,642	376,722	94,767	74,300	86,101	48,607	47,217	100,471	172,820	429,169	71,469	80,380	75,331	71,120	23,849	17,884	73,807	16,498	19,392	28,767	0
Capital Expenditures	880	701	778	1,225	3,114	3,962	1,577	1,085	2,966	1,949	5,360	1,674	1,021	925	3,820	1,284	2,122	8,614	5,829	5,087	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	-8,911	5,049	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	-3,124	3,766	0	0	0	0	0	0	0	0
Change In Cash	-10,221	-330,080	281,955	20,467	-11,801	37,494	1,390	-53,254	-72,349	-256,349	357,700	-8,911	5,049	4,211	47,271	5,965	-55,923	57,309	1,075	-9,375	0
Change In Working Capital	-7,029	3,330	-8,160	5,696	-2,815	-2,385	-2,733	2,550	2,438	-3,544	-10,674	3,804	167	11,446	-5,015	-7,465	-17,042	2,526	1,039	420	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	612	37	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,696	-1,712	944	387	-7	-413	-643	-173	-79	-225	-352	612	37	424	0	0	0	0	0	87	0
Change To Inventory	-1,200	1,068	-2,558	113	330	-1,178	-1,686	5,216	3,892	-2,034	-9,126	4,635	1,493	13,171	0	12,799	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	5	0	4,424	-28	0	0	1,240	0	1,301	1,269	333	0
Change To Netincome	0	179,815	90,025	-193,014	-78,359	8,407	83,143	-55,357	-35,596	-15,132	0	-48,691	36,311	0	0	0	0	0	0	0	0
Change To Operating Activities	0	14,871	-17,484	5,196	-2,784	-794	-1,837	2,166	1,050	-2,866	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,700	4,033	6,048	5,606	2,688	4,727	2,156	3,213	3,597	3,728	3,842	2,470	1,855	1,859	1,970	2,430	3,666	3,568	1,656	1,543	0
Dividends Paid	15,363	30,260	30,388	31,520	25,960	27,050	26,952	6,917	5,869	5,003	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	36,421	46,642	376,722	94,767	74,300	86,101	48,607	47,217	100,471	172,820	429,169	71,469	80,380	75,331	71,120	23,849	17,884	73,807	20,467	19,392	28,767
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-70,497	205,964	153,676	-101,792	-43,333	37,541	105,520	-25,147	-15,957	-4,165	46,924	-9,811	34,069	-14,053	-15,704	22,784	-2,346	1,507	7,232	6,137	0
Investments	-304,758	-335,742	-24,187	44,176	-1,152	-79,871	-94,876	-25,030	1,430	-57,202	0	56,859	39,484	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
Net Borrowings	0	-90,343	-30,947	24,512	48,516	48,761	-870	-54,048	7,203	-21,197	0	18,750	4,179	0	0	0	0	0	0	0	0
Net Income	9,375	19,487	70,791	81,145	35,903	30,754	25,964	25,532	16,570	12,732	14,708	34,914	-7,473	-1,854	-10,138	-26,446	1,558	8,053	9,116	10,584	11,105
Other Cashflows From Financing Activities	441,425	394,917	20,448	144,620	-159	-505	167,311	226,613	35,387	-32,000	281,347	-92,299	-91,495	-68,553	-10,107	266,617	54,954	123,425	127,740	-147,493	0
Other Cashflows From Investing Activities	0	8,084	2,102	3,883	-1,980	-2,181	-6,280	-3,955	-13,162	9,571	27,364	36,340	22,991	33,271	24,028	10,085	3,063	927	1,427	2,403	0
Other Non Cash Items	-72,867	179,716	83,652	-191,110	-79,506	6,112	74,773	-60,467	-39,644	-20,174	38,170	-32,881	39,481	-26,502	-828	46,378	14,063	-2,746	2,442	-1,190	0
Sale Purchase Of Stock	-26,032	-47,830	-10,176	-36,242	-22,767	-19,196	-2,190	-3,858	-72,748	-141,882	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	277	583	745	716	2,872	1,760	3,858	3,546	4,202	1,326	844	451	1,795	1,923	1,648	1,611	-1,185	-228	0	0	0
Total Cash From Financing Activities	176,580	-201,003	-20,116	76,858	29,570	74,429	-10,831	-4,162	-43,230	-178,885	281,347	-92,299	-91,495	-68,553	-10,339	213,133	54,954	123,425	127,740	126,894	0
Total Cash From Operating Activities	-69,617	206,665	154,454	-100,567	-40,219	41,503	107,097	-24,062	-12,991	-2,216	52,284	-8,137	35,090	-13,128	-11,884	24,068	-224	10,121	13,061	11,224	0
Total Cashflows From Investing Activities	0	-335,742	147,617	44,176	-1,152	-78,438	-94,876	-25,030	-16,128	-75,248	24,069	91,525	61,454	85,892	69,494	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	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2003-06-30
Begin Period Cash Flow	62,293	61,190	54,192	46,642	72,941	122,193	278,530	376,722	358,614	228,739	198,401	94,767	86,562	76,919	59,124	74,300	66,190	70,145	104,833	86,101	58,856	78,116	83,407	48,607	92,591	129,560	74,628	47,217	54,320	82,456	122,714	100,471	130,400	48,111	142,393	172,820	141,282	112,566	229,293	429,169	77,907	54,368	64,114	71,469	81,988	64,875	75,607	80,380	87,126	95,487	124,842	75,331	110,263	109,112	80,116	71,120	95,422	94,871	66,678	23,849	52,106	16,596	36,723	17,884	22,646	28,442	58,315	73,807	142,179	15,909	23,242	16,498	13,570	0	0	11,308	19,392	0	0
Capital Expenditures	417	127	104	52	60	191	329	121	122	21	367	268	308	439	237	241	867	525	1,392	330	2,705	680	356	221	638	244	190	505	160	236	205	484	924	1,111	563	368	246	185	810	708	1,592	1,675	1,556	537	639	294	345	396	424	170	140	287	290	308	199	128	230	110	111	3,369	1,284	275	288	486	341	1,781	1,134	825	861	591	6,571	591	407	5,829	4,565	0	135	5,086	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,539	-9,746	-7,355	-10,519	17,113	-10,732	-4,773	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,593	-6,974	-2,876	2,384	-2,364	-1,894	-1,250	0	0	0	0	0	0	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	-25,872	1,103	6,998	7,550	-26,299	-49,252	-156,337	-98,192	18,108	129,875	30,338	103,634	8,205	9,643	17,795	-15,176	8,110	-3,955	-34,688	18,732	27,245	-19,260	-5,291	34,800	-43,984	-36,969	54,932	27,411	-7,103	-28,136	-40,258	22,243	-29,929	82,289	-94,282	-30,427	31,538	28,716	-116,727	-199,876	351,262	23,539	-9,746	-7,355	-10,519	17,113	-10,732	-4,773	-6,746	-8,361	-29,355	49,511	-34,932	1,151	28,996	8,996	-24,302	551	28,193	42,829	-28,257	35,510	-20,127	18,839	-4,762	-5,796	-29,873	-15,492	-68,372	126,270	-7,333	6,744	4,947	0	0	-	-8,084	0	0
Change In Working Capital	-1,611	-375	-1,748	-7,471	14,509	-9,763	19,093	-20,509	4,617	-5,470	10,492	-17,799	16,627	-6,988	4,073	-3,352	1,293	11,526	-6,206	-9,428	-2,465	-7,597	2,244	-3,532	-3,725	-957	3,110	-5,673	-906	618	4,499	-1,661	-1,552	-2,341	7,173	-842	-4,240	-5,709	6,213	192	-1,534	-7,773	4,841	-6,208	2,364	2,213	6,128	-2,742	7,203	1,865	2,191	-11,144	11,361	5,476	-3,915	-1,476	2,296	-19,295	5,380	-2,537	-7,691	4,277	7,211	2,981	-11,825	-2,500	-3,705	988	3,744	-869	201	-550	337	0	0	-	864	0	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-104	105	-500	143	-39	361	147	0	0	0	0	0	0	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	-400	-375	-346	-575	-805	-552	-195	-160	229	266	416	33	206	-102	430	-147	241	11	98	-357	44	-368	184	-273	-349	-141	166	-319	31	-183	305	-326	139	-257	224	-185	195	-280	73	-213	147	-104	105	-500	143	-39	361	147	37	-63	187	0	424	-98	361	0	0	0	108	23	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	87	0
Change To Inventory	-7,333	160	925	-194	-22	485	1,337	-732	-1,599	-381	-115	-463	-2,681	-937	3,635	96	-1,482	1,736	-46	122	-2,398	281	2,402	-2,949	-3,013	-60	3,274	-4,966	-505	1,939	4,720	-938	-1,545	-1,455	7,341	-449	-4,278	-4,786	6,455	575	-1,556	-7,134	5,068	-5,504	-1,832	2,862	6,232	-2,627	45,517	2,152	59,689	73,204	0	6,640	0	9,235	0	0	0	0	12,799	16,555	12,080	3,295	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18	0	2	70	-3,947	0	1,168	3,778	0	42	0	0	0	5	0	0	0	0	-6,351	6,630	-5,011	-2,982	3,862	6,271	-2,727	0	0	0	0	0	0	0	0	0	0	0	0	1,240	1,233	1,669	1,605	0	0	0	0	1,301	966	596	341	0	1,269	619	-	0	333	0
Change To Netincome	0	0	-43,076	-26,883	55,085	20,504	-52,515	156,741	12,488	31,823	-12,633	58,347	-31,652	-2,832	-114,543	-43,987	15,904	21,219	-128,957	14,549	62,830	-50,229	-17,367	15,769	86,222	25,052	-76,323	-23,983	-55,357	-32,392	-36,659	0	-35,596	2,591	2,402	1,257	-15,132	1,692	1,005	781	0	36,015	-25,241	32,575	-21,498	1,764	-30,450	1,493	1,282	0	0	0	0	0	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	1,575	-9,940	1,985	16,080	11,742	-14,936	3,550	-6,038	6,079	-21,075	19,102	-5,680	-7,835	-391	3,901	-4,451	2,489	-3,710	-1,597	3,291	1,065	-2,476	-4,916	140	2,987	-1,407	2,166	-367	416	0	1,050	0	0	0	-2,866	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Depreciation	1,033	715	738	815	939	1,023	990	1,081	1,124	1,406	1,769	1,749	2,931	1,580	1,179	1,257	692	672	649	675	637	645	598	607	536	528	553	539	639	738	970	866	838	803	981	975	944	812	1,048	924	1,116	931	920	875	-490	724	499	486	-7	622	626	601	548	407	445	459	655	412	443	460	914	2,510	-1,439	776	1,831	587	641	607	958	1,445	410	755	542	0	0	-	588	0	0
Dividends Paid	2,955	4,088	4,123	4,197	4,212	4,277	4,548	17,223	4,112	4,756	16,673	4,847	9,822	2,939	16,345	2,414	3,071	3,115	17,146	2,628	3,264	3,295	3,303	17,188	3,316	3,300	17,062	3,274	2,085	2,161	1,295	1,376	1,360	1,396	1,598	1,515	1,616	1,668	1,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	36,421	62,293	61,190	54,192	46,642	72,941	122,193	278,530	376,722	358,614	228,739	198,401	94,767	86,562	76,919	59,124	74,300	66,190	70,145	104,833	86,101	58,856	78,116	83,407	48,607	92,591	129,560	74,628	47,217	54,320	82,456	122,714	100,471	130,400	48,111	142,393	172,820	141,282	112,566	229,293	429,169	77,907	54,368	64,114	71,469	81,988	64,875	75,607	80,380	87,126	95,487	124,842	75,331	110,263	109,112	80,116	71,120	95,422	94,871	66,678	23,849	52,106	16,596	36,723	17,884	22,646	28,442	58,315	73,807	142,179	15,909	23,242	18,517	20,467	0	-	11,308	19,392	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Free Cash Flow	-17,493	44,758	-40,183	-31,436	71,408	16,843	-24,770	142,483	30,660	46,738	17,155	59,123	15,475	17,420	-96,783	-37,904	27,205	29,061	-117,033	17,434	63,975	-39,116	-5,461	19,576	32,923	31,768	-63,962	104,791	12,085	-3,506	-89,680	55,954	-21,668	72,696	-29,755	-37,230	20,417	28,771	-50,127	-3,226	3,360	34,938	-20,876	29,502	-3,355	12,387	-19,020	177	5,810	-20,872	-13,178	62,309	28,004	-28,437	-25,240	11,620	-3,899	-16,356	8,664	-16,591	-9,336	12,834	13,531	5,990	-6,380	523	234	4,233	2,650	6,074	-9,466	2,249	508	7,236	5,873	-	4,071	5,775	0
Investments	-14,439	-32,036	-66,208	-46,541	-159,973	2,707	-6,857	-33,669	-6,061	-3,581	-10,117	-4,246	59,239	19,625	-19,511	-15,177	-1,761	-11,471	9,136	2,944	-6,678	6,912	1,105	9,610	26,135	8,229	13,391	-11,253	40,290	-12,827	-187	0	1,430	0	0	0	-57,202	0	0	0	0	13,373	9,429	-14,144	17,513	6,237	31,710	1,399	0	0	0	0	0	0	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
Net Borrowings	0	0	113,181	114,912	66,833	38,851	-45,378	-150,649	2,127	2,127	-15,505	-17,569	-44,052	-46,976	76,922	38,618	-32,233	-2,886	70,230	13,405	-16,086	18,609	-1,842	48,080	-870	-62,600	163,339	-52,391	-54,048	-36,762	18,523	0	7,203	0	0	0	-21,197	0	0	0	0	-18,803	10,722	-564	-11,165	12,022	19,838	-1,945	0	0	0	0	0	0	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	-40	3,253	4,007	2,155	935	5,270	7,991	5,291	12,553	19,000	17,894	21,344	27,835	26,293	20,948	6,069	8,794	10,924	9,643	6,542	5,678	8,703	9,420	6,953	3,115	7,389	8,888	6,572	6,399	7,505	7,767	3,861	3,072	5,198	5,284	3,016	2,314	4,764	3,771	1,883	1,937	3,219	4,927	4,625	18,080	8,448	6,178	2,208	-5,139	-206	-584	-1,544	-415	-493	-1,122	176	-4,315	-3,572	1,351	-3,602	3,668	-28,187	-2,536	609	307	421	-1,269	2,099	2,284	906	2,157	2,706	590	2,740	591	2,331	3,454	10,584	11,105
Other Cashflows From Financing Activities	21,846	-7,658	7,147	120,513	316,882	7,383	6,467	-2,753	-18,372	23,193	1,941	13,686	-53,475	-12,576	156,348	54,323	-15,090	14,346	95,420	8,621	4,200	86,045	30,196	50,234	35,758	8,056	162,960	-39,463	-5,297	138,767	69,505	23,638	17,020	20,000	13,142	-14,775	-15,593	-851	28,236	-43,792	348,977	-33,312	-3,093	-31,225	-34,519	-13,412	-30,677	-13,691	-36,422	-910	-39,884	-31,713	34,093	-5,696	14,416	21,044	17,126	733	-6,199	52,302	-8,361	81,361	73,896	66,237	28,303	30,385	4,372	-8,106	-48,619	111,575	16,867	43,602	33,396	94,578	43,896	-	35,196	126,894	0
Other Cashflows From Investing Activities	0	0	-3,105	-6,042	-1,607	551	9,140	9,140	9,140	2,100	-180	-180	-180	9,633	-3,950	-1,800	900	225	13,802	-3,105	225	249	-855	1,197	1,053	424	-9,430	1,134	-3,955	1,592	1,568	0	27,419	18,152	13,295	6,243	9,571	0	0	3,781	27,364	8,540	4,794	8,512	9,842	11,901	7,255	7,342	22,991	17,575	11,552	5,609	33,271	20,965	13,561	4,650	24,028	20,337	8,543	1,875	10,085	3,912	1,013	0	3,063	1,119	4,017	505	927	0	0	0	0	1,427	458	-	0	2,403	0
Other Non Cash Items	-16,023	40,917	-42,196	-27,050	55,093	20,476	-52,734	156,881	11,274	33,748	-13,233	51,863	-30,381	-2,600	-121,026	-41,891	17,236	6,251	-120,975	17,982	61,963	-41,087	-17,767	15,178	32,666	24,020	-77,224	102,902	5,165	-13,048	-103,630	52,610	-23,943	69,319	-43,447	-41,727	19,544	28,084	-61,879	-5,923	2,388	39,043	-32,155	28,894	-9,166	2,067	-29,421	537	10,640	-24,928	-14,857	74,213	31,634	-67,736	-20,531	12,344	-4,540	13,692	876	-6,909	-4,056	22,568	12,240	2,663	4,160	3,114	5,622	1,167	-3,311	5,409	-4,996	152	1,164	0	0	-	-701	0	0
Sale Purchase Of Stock	-6,189	-6,680	-7,322	-5,841	-2,634	-7,250	-24,191	-13,755	-5,514	-3,506	-1,149	-7	-3,520	-12,326	-6,151	-14,245	-40	-8,301	-6,457	-7,969	-9,749	-5,480	-241	-3,726	1,052	-1,280	-386	-524	3,556	-1	-169	-3,688	-567	-16,616	-50,215	-5,350	141,882	0	0	-141,882	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Stock Based Compensation	55	34	82	106	115	138	160	170	181	194	195	175	-1,054	164	175	214	721	678	667	806	867	899	894	896	969	1,032	901	956	948	917	919	762	841	828	817	1,716	282	355	375	314	237	231	194	182	341	119	101	84	322	420	420	431	418	413	415	413	391	420	418	419	3,172	295	-768	-469	-103	-316	-387	-379	-444	1,420	-1,204	0	-60	0	0	-	0	0	0
Total Cash From Financing Activities	-10,434	-11,746	113,285	85,475	62,206	8,731	-64,813	-207,127	-27,998	14,931	-15,881	8,832	-66,817	-27,841	133,852	37,664	-18,201	-22,070	71,817	-1,976	-8,813	27,270	26,652	29,320	-47,558	-41,524	145,512	-67,261	-7,382	-13,395	48,041	-31,426	15,093	1,988	-38,671	-21,640	-17,209	-2,519	26,517	-185,674	348,977	-33,312	-3,093	-31,225	-34,519	-13,412	-30,677	-13,691	-36,422	16,524	-39,884	-31,713	-97,319	9,305	35,417	-15,956	-37,760	733	-6,199	45,364	-8,361	81,361	73,896	66,237	28,303	30,385	4,372	-8,106	-48,619	111,575	16,867	43,602	33,396	127,740	90,058	-	35,196	126,894	0
Total Cash From Operating Activities	-17,076	44,885	-40,079	-31,384	71,468	17,034	-24,441	142,604	30,782	46,759	17,522	59,391	15,783	17,859	-96,546	-37,663	28,072	29,586	-115,641	17,764	66,680	-38,436	-5,105	19,797	33,561	32,012	-63,772	105,296	12,245	-3,270	-89,475	56,438	-20,744	73,807	-29,192	-36,862	20,663	28,956	-49,317	-2,518	4,952	36,613	-19,320	30,039	-2,716	12,681	-18,675	573	6,234	-20,702	-13,038	62,596	28,294	-28,129	-25,041	11,748	-3,669	-16,246	8,775	-13,222	-9,336	13,109	13,819	6,476	-6,039	523	234	5,058	3,511	6,665	-2,895	2,840	915	13,065	10,438	-	4,206	10,861	0
Total Cashflows From Investing Activities	0	0	-66,208	-46,541	-159,973	-75,017	-67,083	-33,669	15,324	68,185	28,697	35,411	59,239	19,625	-19,511	-15,177	-1,761	-11,471	12,080	2,944	-30,622	-8,094	-26,838	-14,317	-94,876	-27,457	-26,808	-10,624	-25,030	-11,471	1,176	0	-16,128	8,150	1,656	28,075	-75,248	0	0	0	24,069	20,238	12,667	-6,169	26,716	17,844	38,620	8,345	61,454	38,012	42,195	18,628	85,892	51,799	31,824	13,204	69,494	52,368	36,304	10,687	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	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31
Cost Of Revenue	1,530	0	0	0	0	18,463	15,196	20,672	25,084	23,477	28,190	36,201	54,913	66,101	-1,112	100,656	73,831	55,980	37,306	33,292	34,980	-	-
Depreciation And Amortization	1,700	4,033	6,048	5,608	4,698	4,727	2,156	3,213	3,597	3,728	3,842	2,470	1,855	1,859	1,970	2,430	3,666	3,568	1,656	1,543	0	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Ebit	0	24,479	92,106	108,116	47,574	40,280	44,433	41,994	25,819	19,907	23,329	22,710	-6,911	-1,802	-11,444	-24,147	1,304	12,752	16,636	15,447	16,847	15,655	2,586
Ebitda	1,700	28,512	98,154	113,724	52,272	45,007	46,589	45,207	29,416	23,635	27,171	25,180	-5,056	57	-9,474	-21,717	4,970	16,320	18,292	16,990	16,847	15,655	2,586
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Extraordinary Items	0	0	0	0	0	0	-2,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Gross Profit	180,389	157,765	254,100	292,871	179,659	169,004	172,084	166,934	143,318	125,875	127,005	133,148	89,745	88,657	57,231	49,339	41,683	43,651	4,495	3,895	3,513	3,477	2,566
Income Before Tax	11,032	24,479	92,106	108,116	47,574	40,280	44,433	41,994	25,819	19,907	23,329	22,710	-6,911	-1,802	-11,444	-24,147	1,304	12,752	16,636	15,447	16,847	15,655	8,070
Income Tax Expense	1,657	4,992	21,315	26,971	11,671	9,526	18,469	16,462	9,249	7,175	8,621	-12,204	562	52	-1,306	2,299	-254	4,699	7,520	4,863	5,742	4,816	-2,740
Interest Expense	23,255	13,291	14,368	24,984	27,544	19,523	16,362	20,292	23,119	22,327	23,658	27,901	32,836	40,269	54,577	63,027	62,134	53,779	36,068	32,432	34,518	41,412	49,127
Interest Income	93,188	70,245	69,883	78,484	79,741	73,700	67,095	63,736	61,963	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Income	9,375	19,487	70,791	81,145	35,903	30,754	25,964	25,532	16,570	12,732	14,708	34,914	-7,473	-1,854	-10,138	-26,446	1,558	8,053	9,116	10,584	11,105	10,839	5,326
Net Income Applicable To Common Shares	0	19,487	70,791	81,145	35,903	30,754	25,964	25,517	16,551	12,732	14,708	34,914	-7,473	0	0	0	1,558	8,053	9,116	10,584	11,105	-	-
Net Income From Continuing Ops	10,350	19,487	70,791	81,145	35,903	30,754	25,964	25,532	16,570	12,732	0	34,914	-7,473	0	0	0	0	0	0	0	0	-	-
Net Interest Income	54,070	56,954	55,515	53,500	52,197	54,177	50,733	43,444	38,844	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Operating Income	153,100	24,479	92,106	108,116	47,574	40,280	44,433	41,994	25,819	19,907	23,329	22,710	-6,911	-1,802	-11,444	-24,147	1,304	12,752	16,636	15,447	16,847	15,655	2,586
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	170,887	133,286	177,468	214,385	162,917	128,724	5,989	4,878	5,301	5,342	5,471	82,537	45,965	50,190	21,429	22,301	21,755	22,880	48,155	43,984	47,852	53,590	49,147
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Reconciled Depreciation	3,207	4,033	6,048	5,606	2,688	2,487	2,156	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Selling And Marketing Expenses	3,779	3,976	3,528	3,691	3,885	4,123	3,333	2,743	2,947	2,949	3,085	2,647	1,568	1,259	876	1,155	1,158	1,369	0	0	0	-	-
Selling General Administrative	84,096	99,565	135,115	139,046	103,077	99,395	98,644	96,518	84,227	72,257	72,350	68,174	43,941	41,578	19,441	19,149	15,487	16,209	11,434	10,763	11,265	-	-
Tax Provision	1,935	4,992	21,315	26,971	11,671	9,526	18,469	16,462	9,249	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	28,819	-133,286	25,864	33,792	23,949	-128,724	5,989	4,878	5,301	5,342	5,471	-82,537	45,965	-50,190	21,429	22,301	21,755	22,880	48,155	43,984	47,852	53,590	49,147
Total Other Income Expense Net	11,032	24,479	92,106	108,116	47,574	-19,523	-16,362	-20,292	-23,119	-22,327	-23,658	-27,901	-32,836	-40,269	-54,577	-63,027	-62,134	-53,779	-36,068	-32,432	-34,518	-41,412	5,484
Total Revenue	181,919	157,765	254,100	292,871	179,659	169,004	172,084	166,934	143,318	125,875	127,005	133,148	89,745	88,657	57,231	49,339	41,683	43,651	4,495	3,895	3,513	3,477	2,566

	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	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2003-06-30
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,729	5,236	4,423	2,942	3,992	4,440	4,084	2,680	4,131	5,140	5,583	5,818	6,215	6,465	6,487	5,917	6,057	6,001	5,816	5,603	6,258	6,955	7,177	7,800	7,586	8,639	8,585	11,391	14,080	14,100	13,448	13,285	16,763	16,183	17,082	16,073	19,715	22,278	17,361	21,910	18,741	39,057	24,075	18,783	18,911	18,739	21,022	15,159	15,420	15,283	13,173	12,104	0	9,903	9,899	17,653	0	33,292	34,980
Depreciation And Amortization	1,033	715	738	815	939	1,023	990	1,081	1,124	1,406	1,769	1,749	2,931	1,580	1,179	1,257	692	672	649	675	637	645	598	607	536	528	553	539	639	738	970	866	838	803	981	975	944	812	1,048	924	1,116	931	920	875	-490	724	499	486	-7	622	626	601	548	407	445	459	655	412	443	460	914	2,510	-1,439	776	1,831	587	641	607	958	1,445	410	755	542	0	0	-	588	0	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	3,753	5,092	2,782	658	6,776	10,221	6,823	15,684	24,427	23,774	28,221	37,009	35,146	27,964	7,997	11,768	14,496	12,786	8,524	7,256	11,446	12,521	9,057	9,187	11,751	13,510	9,985	10,647	13,061	12,285	6,001	4,670	8,095	8,348	4,706	3,632	7,480	5,918	2,876	2,608	5,192	7,981	7,548	5,660	8,593	6,219	2,238	-3,905	-142	-1,359	-1,505	-385	-493	-1,100	176	-5,616	-3,572	1,849	-4,105	171	-19,609	-5,228	519	-310	366	-1,963	3,211	3,609	1,443	3,409	4,290	3,652	0	0	0	5,248	0	0
Ebitda	1,033	4,468	5,830	3,597	1,597	7,799	11,211	7,904	16,808	25,833	25,543	29,970	39,940	36,726	29,143	9,254	12,460	15,168	13,435	9,199	7,893	12,091	13,119	9,664	9,723	12,279	14,063	10,524	11,286	13,799	13,255	6,867	5,508	8,898	9,329	5,681	4,576	8,292	6,966	3,800	3,724	6,123	8,901	8,423	5,170	9,317	6,718	2,724	-3,912	480	-733	-904	163	-86	-655	635	-4,961	-3,160	2,292	-3,645	1,085	-17,099	-6,667	1,295	1,521	953	-1,322	3,818	4,567	2,888	3,819	5,045	4,194	0	0	-	5,836	0	0
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Gross Profit	43,569	33,497	35,268	31,331	31,647	41,682	44,185	40,251	54,248	65,915	65,121	68,816	83,176	87,836	78,945	42,914	46,189	49,790	47,292	36,388	35,730	47,075	46,134	37,336	41,505	46,087	49,722	37,832	43,128	48,737	46,516	31,428	32,288	38,461	41,100	31,469	30,486	34,825	33,806	26,758	26,590	30,608	36,628	33,179	35,217	38,410	33,880	25,428	24,454	25,080	21,943	18,724	30,109	24,009	17,805	16,734	8,283	15,199	14,232	11,909	10,194	14,925	12,002	10,220	10,190	10,397	10,719	10,377	10,913	10,405	11,081	11,253	9,985	40,212	0	0	1,374	35,831	34,465
Income Before Tax	-595	3,753	5,092	2,782	658	6,776	10,221	6,823	15,684	24,427	23,774	28,221	37,009	35,146	27,964	7,997	11,768	14,496	12,786	8,524	7,256	11,446	12,521	9,057	9,187	11,751	13,510	9,985	10,647	13,061	12,285	6,001	4,670	8,095	8,348	4,706	3,632	7,480	5,918	2,876	2,608	5,192	7,981	7,548	5,660	8,593	6,219	2,238	-3,905	-142	-1,359	-1,505	-385	-493	-1,100	176	-5,616	-3,572	1,849	-4,105	171	-19,609	-5,228	519	-310	366	-1,963	3,211	3,609	1,443	3,409	4,290	3,652	4,334	-8,649	8,649	5,248	15,447	16,847
Income Tax Expense	-555	500	1,085	627	-277	1,506	2,231	1,532	3,131	5,427	5,880	6,877	9,174	8,853	7,016	1,928	2,974	3,572	3,143	1,982	1,578	2,743	3,101	2,104	6,072	4,362	4,622	3,413	4,248	5,556	4,518	2,140	1,598	2,896	3,064	1,690	1,318	2,715	2,148	993	671	1,973	3,054	2,923	-12,420	145	41	30	1,234	64	-775	39	30	9,935	22	10,616	-1,301	13,424	498	-503	-3,497	8,578	-2,692	-90	-617	-55	-694	1,112	1,325	537	1,252	1,584	3,062	1,594	3,062	1,070	1,794	4,863	5,742
Interest Expense	6,685	14,388	11,572	8,095	5,063	2,727	2,335	3,166	3,412	3,392	3,547	4,017	5,311	6,135	6,612	6,926	7,152	7,224	6,932	6,236	5,862	5,196	4,643	3,822	3,992	4,420	4,059	3,891	4,091	5,005	5,583	5,613	5,970	5,885	5,682	5,582	5,757	5,686	5,531	5,353	5,686	5,955	5,977	6,040	6,386	6,639	7,160	7,716	8,165	8,094	8,167	8,410	9,668	9,935	10,051	10,616	12,083	13,424	14,361	14,709	15,690	15,756	15,498	16,084	16,066	15,913	15,345	14,809	15,063	14,090	12,828	11,797	8,999	36,068	0	0	8,441	32,432	34,459
Interest Income	26,694	26,377	24,247	21,890	20,674	18,125	16,416	15,030	16,584	17,506	17,824	17,969	19,627	19,544	19,861	19,452	20,278	20,378	19,913	19,172	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-40	3,253	4,007	2,155	935	5,270	7,990	5,291	12,553	19,000	17,894	21,344	27,835	26,293	20,948	6,069	8,794	10,924	9,643	6,542	5,678	8,703	9,420	6,953	3,115	7,389	8,888	6,572	6,399	7,505	7,767	3,861	3,072	5,199	5,284	3,016	2,314	4,765	3,770	1,883	1,937	3,219	4,927	4,625	18,080	8,448	6,178	2,208	-5,139	-206	-584	-1,544	-415	-493	-1,122	176	-4,315	-3,572	1,351	-3,602	3,668	-28,187	-2,536	609	307	421	-1,269	2,099	2,284	906	2,157	2,706	590	2,740	591	2,331	3,454	10,584	11,105
Net Income Applicable To Common Shares	0	0	0	0	935	5,270	7,990	5,291	12,553	19,000	17,894	21,344	27,835	26,293	20,948	6,069	8,794	10,924	9,643	6,542	5,678	8,703	9,420	6,953	3,115	7,389	8,888	6,572	6,399	7,505	7,767	3,861	3,072	5,198	5,284	3,016	2,314	4,764	3,771	1,883	1,937	3,219	4,927	4,625	18,080	8,448	6,178	2,208	0	-206	-584	0	0	0	-176	176	0	-1,351	1,351	0	3,668	0	-609	609	307	421	-2,099	2,099	2,284	906	2,157	2,706	0	2,740	591	2,331	3,454	10,584	11,105
Net Income From Continuing Ops	-40	3,253	4,007	2,155	935	5,270	7,990	5,291	12,553	19,000	17,894	21,344	27,835	26,293	20,948	6,069	8,794	10,924	9,643	6,542	5,678	8,703	9,420	6,953	5,807	37,557	-23,972	6,572	26,067	7,050	-7,585	0	16,570	0	0	0	12,732	0	0	0	0	3,219	4,927	4,625	18,080	8,448	6,178	2,208	0	-206	-584	0	0	0	0	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	11,756	11,989	12,675	13,795	15,611	15,398	14,081	11,864	13,172	14,114	14,277	13,952	14,316	13,409	13,249	12,526	13,126	13,154	12,981	12,936	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	35,990	3,753	5,092	2,782	658	6,776	10,221	6,823	15,684	24,427	23,774	28,221	37,009	35,146	27,964	7,997	11,768	14,496	12,786	8,524	7,256	11,446	12,521	9,057	9,187	11,751	13,510	9,985	10,647	13,061	12,285	6,001	4,670	8,095	8,348	4,706	3,632	7,480	5,918	2,876	2,608	5,192	7,981	7,548	5,660	8,593	6,219	2,238	-3,905	-142	-1,359	-1,505	-385	-493	-1,100	176	-5,616	-3,572	1,849	-4,105	171	-19,609	-5,228	519	-310	366	-1,963	3,211	3,609	1,443	3,409	4,290	3,652	5,899	-12,547	12,547	5,248	20,245	21,958
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
Other Operating Expenses	44,164	29,744	30,176	28,549	30,989	34,906	33,964	33,428	4,803	1,385	1,480	1,139	11,809	5,599	1,941	2,732	7,490	1,867	1,752	1,653	9,179	1,807	1,647	1,560	5,989	1,450	1,586	1,331	4,878	1,135	1,144	1,181	5,301	1,397	1,344	1,150	5,342	1,119	1,360	1,244	5,471	19,461	22,670	19,591	23,171	19,859	17,013	12,433	8,769	17,128	13,025	11,819	20,826	14,567	8,854	5,942	1,816	9,100	6,658	6,720	5,667	18,778	1,732	6,383	5,566	5,882	2,663	7,643	7,759	5,128	5,156	4,834	4,269	0	0	0	12,316	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Reconciled Depreciation	1,033	715	738	815	939	1,023	990	1,081	1,124	1,406	1,769	1,749	2,931	1,138	787	750	692	672	649	675	637	645	598	607	536	528	553	539	639	738	970	866	838	803	981	975	944	812	1,048	924	1,116	1,500	620	606	-490	1,010	859	702	-7	622	626	601	548	407	445	459	655	412	443	460	914	2,510	-1,439	776	1,831	587	641	607	958	1,445	410	755	554	0	0	-	588	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	1,030	916	944	889	972	1,137	962	905	958	835	911	824	1,066	861	864	900	1,051	913	963	958	1,039	1,224	1,000	860	919	821	869	724	769	661	655	658	827	755	712	653	697	678	838	736	746	718	796	824	4,603	697	769	555	4,389	2,031	1,986	1,940	3,799	1,809	1,738	1,511	3,340	1,397	1,374	1,445	202	421	368	164	288	315	282	273	423	375	286	285	155	0	0	-	0	0	0
Selling General Administrative	20,061	21,588	22,395	20,052	21,163	26,174	25,793	25,535	33,158	34,560	34,252	34,454	38,686	39,744	37,206	24,739	26,811	27,872	27,427	20,967	23,135	27,865	26,669	21,365	23,875	26,676	28,098	20,494	24,577	28,087	26,236	18,233	19,739	21,809	23,894	18,784	18,543	18,935	18,892	15,887	16,632	17,489	20,666	17,563	19,975	19,054	16,144	11,874	12,754	12,014	10,987	9,586	14,972	12,387	7,672	6,832	4,573	5,421	5,079	4,368	4,293	4,493	4,469	3,825	3,709	3,859	3,919	4,000	3,718	4,389	4,239	3,863	2,836	3,751	7,419	7,419	2,657	14,233	11,265
Tax Provision	-555	500	1,085	627	-277	1,506	2,231	1,532	3,131	5,427	5,880	6,877	9,174	8,853	7,016	1,928	2,974	3,572	3,143	1,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,579	-29,744	-30,176	-28,549	-30,989	-34,906	-33,964	-33,428	4,803	1,385	1,480	1,139	11,809	5,599	1,941	2,732	7,490	1,867	1,752	1,653	6,450	1,807	1,647	1,560	5,989	1,450	1,586	1,331	4,878	1,135	1,144	1,181	5,301	1,397	1,344	1,150	5,342	1,119	1,360	1,244	5,471	-19,461	-22,670	-19,591	-23,171	19,859	17,013	12,433	8,769	-17,128	13,025	-11,819	-20,826	-14,567	-8,854	-5,942	-1,816	-9,100	6,658	6,720	5,667	-18,778	-1,732	6,383	5,566	5,882	2,663	7,643	7,759	5,128	5,156	4,834	4,269	0	0	0	12,316	0	0
Total Other Income Expense Net	-595	3,753	5,092	2,782	658	6,776	10,221	-3,166	-3,412	-3,392	-3,547	-4,017	-5,311	-6,135	-6,612	-6,926	-7,152	-7,224	-6,932	-6,236	-5,862	-5,196	-4,643	-3,822	-3,992	-4,420	-4,059	-3,891	-4,091	-5,005	-5,583	-5,613	-5,970	-5,885	-5,682	-5,582	-5,757	-5,686	-5,531	-5,353	-5,686	-5,955	-5,977	-6,040	-6,386	-6,639	-7,160	-7,716	-8,165	-8,094	-8,167	-8,410	-9,668	-9,935	-10,051	-10,616	-12,083	-13,424	-14,361	-14,709	-15,690	-15,756	-15,498	-16,084	-16,066	-15,913	-15,345	-14,809	-15,063	-14,090	-12,828	-11,797	-10,231	0	0	0	-8,441	0	0
Total Revenue	43,569	33,497	35,268	31,331	31,647	41,682	44,185	40,251	54,248	65,915	65,121	68,816	83,176	87,836	78,945	42,914	46,189	49,790	47,292	36,388	35,730	47,075	46,134	37,336	41,505	46,087	49,722	37,832	43,128	48,737	46,516	31,428	32,288	38,461	41,100	31,469	30,486	34,825	33,806	26,758	26,590	30,608	36,628	33,179	35,217	38,410	33,880	25,428	24,454	25,080	21,943	18,724	30,109	24,009	17,805	16,734	8,283	15,199	14,232	11,909	10,194	14,925	12,002	10,220	10,190	10,397	10,719	10,377	10,913	10,405	11,081	11,253	9,985	77,518	0	0	1,374	69,123	69,445

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

Gross Profit (+$)
totalRevenue	181,919
Cost of Revenue	-1,530
Gross Profit	180,389	180,389

Operating Income (+$)
Gross Profit	180,389
Operating Expense	-28,819
Operating Income	153,100	151,570

Operating Expense (+$)
Research Development	0
Selling General Administrative	84,096
Selling And Marketing Expenses	3,779
Operating Expense	28,819	87,875

Net Interest Income (+$)
Interest Income	93,188
Interest Expense	-23,255
Other Finance Cost	-15,863
Net Interest Income	54,070

Pretax Income (+$)
Operating Income	153,100
Net Interest Income	54,070
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	11,032	142,068 EBIT - interestExpense = -23,255 11,032 32,630
Interest Expense	23,255
Earnings Before Interest and Taxes (EBIT)	0	34,287
Earnings Before Interest and Taxes (EBITDA)	1,700

After tax Income (+$)
Income Before Tax	11,032
Tax Provision	-1,935
Net Income From Continuing Ops	10,350	9,097
Net Income	9,375
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	170,887
Total Other Income/Expenses Net	11,032	-54,070

Technical Analysis of Waterstone Financial 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 Waterstone Financial Inc. The general trend of Waterstone Financial Inc is BEARISH with 85.7% 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 Waterstone Financial 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 (-85.7%)		Bearish trend (85.7%)
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 Waterstone Financial 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: 11.99 < 12.02 < 12.09.

The bearish price targets are: 10.60 > 9.3927323293173.

Tweet this

Waterstone Financial 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 Waterstone Financial Inc. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Waterstone Financial 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 Waterstone Financial Inc. The current macd is -0.2144657.

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 Waterstone Financial 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 Waterstone Financial 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 Waterstone Financial 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

Waterstone Financial 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 Waterstone Financial Inc. The current adx is 19.77.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Waterstone Financial Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Waterstone Financial 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 Waterstone Financial Inc. The current sar is 11.46.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Waterstone Financial Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Waterstone Financial Inc. The current rsi is 45.10. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short 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.

Waterstone Financial 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 Waterstone Financial Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

Waterstone Financial 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 Waterstone Financial Inc. The current cci is -71.62038114.

Waterstone Financial 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 Waterstone Financial Inc. The current cmo is -6.6292683.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Waterstone Financial 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 Waterstone Financial Inc. The current willr is -67.14373216.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Waterstone Financial Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Waterstone Financial Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Waterstone Financial Inc.

Waterstone Financial 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 Waterstone Financial Inc. The current atr is 0.3524138.

Waterstone Financial 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 Waterstone Financial Inc. The current obv is 408,272.

Waterstone Financial 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 Waterstone Financial Inc. The current mfi is 40.05.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Waterstone Financial Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Waterstone Financial Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Waterstone Financial Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.100
Ma 20	Greater than	Ma 50	11.269
Ma 50	Greater than	Ma 100	11.744
Ma 100	Greater than	Ma 200	12.433
Open	Greater than	Close	10.990
Total			1/5 (20.0%)

Create your own Symbol Scanner

Get notifications about Waterstone Financial Inc

I send you an email if I find something interesting about Waterstone Financial Inc.

Waterstone Financial Inc Buy, Hold or Sell?

Let's analyse Waterstone Financial Inc together

Get notifications about Waterstone Financial Inc

Quick analysis of Waterstone Financial Inc (30 sec.)

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

$11.09

$17.16

$-62.09 - $21.97

$-44.94 - $39.13

2. Growth of Waterstone Financial Inc (5 min.)

Is Waterstone Financial Inc growing?

How much money is Waterstone Financial Inc making?

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

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

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

Industry Rankings (Banks - Regional)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Waterstone Financial Inc

About Waterstone Financial Inc

Financial Health

Valuation

1.1. Profitability of Waterstone Financial Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Waterstone Financial Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Waterstone Financial Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Waterstone Financial Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Waterstone Financial Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Waterstone Financial Inc
Buy, Hold or Sell?