Zillow Group Inc
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Let's analyse Zillow Group Inc together

Penke I guess you are interested in Zillow Group 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 Zillow Group Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Zillow Group Inc (30 sec.)

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

How much money do you get?

$0.39

When do you have the money?

1 year

How often do you get paid?

12.5%

What is your share worth?

Current worth

$19.88

Expected worth in 1 year

$20.47

How sure are you?

55.0%

+ What do you gain per year?

Total Gains per Share

$0.99

Return On Investment

2.3%

For what price can you sell your share?

Current Price per Share

$42.20

Expected price per share

$33.23 - $47.30

How sure are you?

50%

1. Valuation of Zillow Group Inc (5 min.)

Live pricePrice per Share (EOD)

$42.20

Book Value per Share

$19.88

Intrinsic Value Per Share

$-30.62 - $16.40

Total Value Per Share

$-10.75 - $36.28

My calculation of the intrinsic value of Zillow Group 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: ($0.10) 3Y: ($0.43) TTM: ($0.18)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.06) TTM: ($-0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.17	$1.70	$-0.55 - $1.74
2	$-1.22	$3.38	$-1.51 - $1.79
3	$-3.03	$5.06	$-2.48 - $1.83
4	$-5.53	$6.72	$-3.45 - $1.87
5	$-8.62	$8.37	$-4.42 - $1.91
6	$-12.24	$10.01	$-5.38 - $1.95
7	$-16.30	$11.63	$-6.35 - $1.99
8	$-20.76	$13.24	$-7.32 - $2.03
9	$-25.55	$14.83	$-8.28 - $2.07
10	$-30.62	$16.40	$-9.25 - $2.11

2. Growth of Zillow Group Inc (5 min.)

Is Zillow Group Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$4.6b	$4.5b	-$14.5m	-0.3%

How much money is Zillow Group Inc making?

	Current year	Previous year	Grow	Grow %
Making money	-$39.7m	-$30.7m	-$9m	-22.6%
Net Profit Margin	-8.1%	-7.0%	-	-

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

Quarterly Yearly

3. Financial Health of Zillow Group Inc (5 min.)

4. Comparing to competitors in the Internet Content & Information industry (5 min.)

Industry Rankings (Internet Content & Information)

Richest
#18 / 142

Most Revenue
#33 / 142

Most Profit
#130 / 142

Most Efficient
#80 / 142

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

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

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

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

Speculation

The Price per Share of Zillow Group Inc is $42.20. 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 Zillow Group 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 Zillow Group 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 $19.88. Based on the TTM, the Book Value Change Per Share is $0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $0.06 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 $0.10 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Zillow Group 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	-0.10	-0.2%	-0.17	-0.4%	-0.15	-0.3%	-0.26	-0.6%	-0.28	-0.7%
Usd Book Value Change Per Share	0.45	1.1%	0.15	0.4%	0.06	0.1%	0.19	0.5%	0.37	0.9%
Usd Dividend Per Share	0.00	0.0%	0.10	0.2%	0.01	0.0%	0.02	0.0%	0.01	0.0%
Usd Total Gains Per Share	0.45	1.1%	0.25	0.6%	0.06	0.1%	0.21	0.5%	0.39	0.9%
Usd Price Per Share	47.86	-	49.64	-	33.84	-	61.84	-	59.09	-
Price to Earnings Ratio	-122.09	-	-85.69	-	17.32	-	54.57	-	-143.88	-
Price-to-Total Gains Ratio	106.44	-	413.85	-	-309.25	-	23.45	-	188.98	-
Price to Book Ratio	2.41	-	2.55	-	1.77	-	3.21	-	4.75	-
Price-to-Total Gains Ratio	106.44	-	413.85	-	-309.25	-	23.45	-	188.98	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	42.2
Number of shares	23

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.10	0.02
Usd Book Value Change Per Share	0.15	0.19
Usd Total Gains Per Share	0.25	0.21
Gains per Quarter (23 shares)	5.69	4.87
Gains per Year (23 shares)	22.77	19.50

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	9	14	13	2	18	9
2	18	27	36	4	35	28
3	27	41	59	6	53	47
4	36	55	82	8	70	66
5	45	68	105	10	88	85
6	54	82	128	11	106	104
7	63	96	151	13	123	123
8	73	110	174	15	141	142
9	82	123	197	17	158	161
10	91	137	220	19	176	180

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	0.0	4.0	0.0	0.0%	3.0	9.0	0.0	25.0%	6.0	14.0	0.0	30.0%	8.0	32.0	0.0	20.0%	15.0	42.0	0.0	26.3%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	11.0	9.0	0.0	55.0%	21.0	19.0	0.0	52.5%	30.0	24.0	3.0	52.6%
Dividend per Share	3.0	0.0	1.0	75.0%	5.0	0.0	7.0	41.7%	5.0	0.0	15.0	25.0%	5.0	0.0	35.0	12.5%	5.0	0.0	52.0	8.8%
Total Gains per Share	4.0	0.0	0.0	100.0%	8.0	4.0	0.0	66.7%	12.0	8.0	0.0	60.0%	22.0	18.0	0.0	55.0%	31.0	23.0	3.0	54.4%

Fundamentals of Zillow Group Inc

About Zillow Group Inc

https://www.zillowgroup.com
Internet Content & Information
6263
1301 Second Avenue, Seattle, WA, United States, 98101
Google Maps Bing Maps

Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. In addition, the company's brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and a suite of marketing software and technology solutions for the real estate industry, including ShowingTime+, Spruce, and Follow Up Boss. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.

Fundamental data was last updated by Penke on 2024-05-04 13:22:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Zillow Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Zillow Group Inc to the Internet Content & Information industry mean.
A Net Profit Margin of -4.3% means that $-0.04 for each $1 in revenue is generated as profit.

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

The MRQ is -4.3%. The company is making a loss. -1
The TTM is -8.1%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-4.3%	TTM	-8.1%	+3.7%
TTM	-8.1%	YOY	-7.0%	-1.1%
TTM	-8.1%	5Y	-6.3%	-1.8%
5Y	-6.3%	10Y	-11.5%	+5.2%

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	-4.3%	3.1%	-7.4%
TTM	-8.1%	0.6%	-8.7%
YOY	-7.0%	1.0%	-8.0%
5Y	-6.3%	-0.7%	-5.6%
10Y	-11.5%	-2.8%	-8.7%

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

Revenue is the amount of profit Zillow Group 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 Zillow Group 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 Zillow Group Inc to the Internet Content & Information industry mean.
Can be used to compare companies within the Internet Content & Information industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Zillow Group Inc. If profit margins remain low (compared to the Internet Content & Information 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 Zillow Group Inc is -0.04. This means that Zillow Group Inc earned $-0.04 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 Internet Content & Information industry is 3.1%.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc with other companies in the same industry (Internet Content & Information).
Net profit margin should rise over the years.
Can be influenced when Zillow Group Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Zillow Group 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 Zillow Group 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 Zillow Group Inc = -23,000
Total revenue MRQ Zillow Group Inc = 529,000
$-23,000 / $529,000 = -0.04 or -4.3%

Higher is better

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

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

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

1.1.2. Return on Assets

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

Above 5% is considered healthy but always compare Zillow Group Inc to the Internet Content & Information industry mean.
-0.3% Return on Assets means that Zillow Group Inc generated $0.00 profit for each $1 in assets.

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

The MRQ is -0.3%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.6%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.3%	TTM	-0.6%	+0.3%
TTM	-0.6%	YOY	-0.5%	-0.1%
TTM	-0.6%	5Y	-0.8%	+0.2%
5Y	-0.8%	10Y	-1.0%	+0.2%

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	-0.3%	0.6%	-0.9%
TTM	-0.6%	0.2%	-0.8%
YOY	-0.5%	0.2%	-0.7%
5Y	-0.8%	-0.3%	-0.5%
10Y	-1.0%	-0.5%	-0.5%

Shows how efficient Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Zillow Group Inc is using its resources to generate profit. If the return on assets (-0.3%) from Zillow Group Inc are higher than the Internet Content & Information mean (0.6%) that means Zillow Group 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 Zillow Group Inc is -0.3%. 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 Internet Content & Information industry is 0.6%.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Zillow Group Inc = -23,000
Total assets MRQ (balance sheet) from Zillow Group Inc = 6,823,000
-23,000 / 6,823,000 = 0.00 or -0.3%

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

Above 15%-20% is considered healthy but always compare Zillow Group Inc to the Internet Content & Information industry mean.
-0.5% Return on Equity means Zillow Group Inc generated $0.00 for each $1 the owners (shareholders) invested.

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

The MRQ is -0.5%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -0.9%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.5%	TTM	-0.9%	+0.4%
TTM	-0.9%	YOY	-0.7%	-0.2%
TTM	-0.9%	5Y	-1.4%	+0.5%
5Y	-1.4%	10Y	-1.4%	+0.1%

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	-0.5%	1.3%	-1.8%
TTM	-0.9%	0.9%	-1.8%
YOY	-0.7%	0.7%	-1.4%
5Y	-1.4%	0.1%	-1.5%
10Y	-1.4%	-0.1%	-1.3%

Shows how efficient Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Internet Content & Information 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 Zillow Group Inc is -0.5%. This means Zillow Group 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 Internet Content & Information industry is 1.3%.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group Inc up to 10 years back (depending if Zillow Group 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 Zillow Group Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Zillow Group Inc = -23,000
Shareholders equity (balance sheet) MRQ Zillow Group Inc = 4,665,000
-23,000 / 4,665,000 = 0.00 or -0.5%

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 Zillow Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Zillow Group Inc is operating .

Measures how much profit Zillow Group 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 Zillow Group Inc to the Internet Content & Information industry mean.
An Operating Margin of -2.1% means the company generated $-0.02 for each $1 in revenue (before taxes).

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

The MRQ is -2.1%. The company is operating very inefficient. -2
The TTM is -5.1%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-2.1%	TTM	-5.1%	+3.0%
TTM	-5.1%	YOY	-5.8%	+0.7%
TTM	-5.1%	5Y	-3.3%	-1.8%
5Y	-3.3%	10Y	-6.7%	+3.4%

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	-2.1%	2.2%	-4.3%
TTM	-5.1%	1.4%	-6.5%
YOY	-5.8%	2.7%	-8.5%
5Y	-3.3%	0.5%	-3.8%
10Y	-6.7%	0.2%	-6.9%

Measures how efficient Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Zillow Group 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 Zillow Group Inc is -2.1%. This means that Zillow Group Inc earned $-0.02 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Internet Content & Information industry is 2.2%.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Zillow Group Inc = -45,000
Total revenue MRQ Zillow Group Inc = 529,000
$-45,000 / $529,000 = -0.02 or -2.1%

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 Zillow Group Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Internet Content & Information industry mean).
An Operation Ratio of 1.07 means that the operating costs are $1.07 for each $1 in net sales.

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

The MRQ is 1.074. The company is inefficient in keeping operating costs low. -1
The TTM is 1.125. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.074	TTM	1.125	-0.051
TTM	1.125	YOY	1.084	+0.040
TTM	1.125	5Y	1.052	+0.073
5Y	1.052	10Y	1.075	-0.023

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	1.074	1.115	-0.041
TTM	1.125	1.125	0.000
YOY	1.084	1.168	-0.084
5Y	1.052	1.145	-0.093
10Y	1.075	1.097	-0.022

Measures how efficient Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Zillow Group Inc is 107.4%. This means that Zillow Group Inc earned $1.07 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 Internet Content & Information industry is 1.12.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group 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
(123,000 +445,000) \ 529,000 = 1.07

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 Zillow Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Internet Content & Information industry mean).
A Current Ratio of 3.32 means the company has $3.32 in assets for each $1 in short-term debts.

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

The MRQ is 3.319. The company is very able to pay all its short-term debts. +2
The TTM is 5.326. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	3.319	TTM	5.326	-2.007
TTM	5.326	YOY	12.695	-7.369
TTM	5.326	5Y	6.578	-1.252
5Y	6.578	10Y	6.653	-0.075

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	3.319	1.947	+1.372
TTM	5.326	1.893	+3.433
YOY	12.695	2.189	+10.506
5Y	6.578	2.344	+4.234
10Y	6.653	2.291	+4.362

Measures if Zillow Group 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 Internet Content & Information 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 Zillow Group 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 Zillow Group Inc is 3.32. This means Zillow Group Inc has $3.32 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Internet Content & Information industry is 1.95.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,322,000 \ 1,001,000) = 3.32

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

Above 1 is considered healthy but always compare Zillow Group Inc to the Internet Content & Information industry mean.
A Quick Ratio of 4.49 means the company can pay off $4.49 for each $1 in debt (using most liquid assets).

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

The MRQ is 4.494. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 7.346. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	4.494	TTM	7.346	-2.852
TTM	7.346	YOY	17.823	-10.478
TTM	7.346	5Y	8.280	-0.935
5Y	8.280	10Y	9.038	-0.757

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	4.494	1.457	+3.037
TTM	7.346	1.499	+5.847
YOY	17.823	1.711	+16.112
5Y	8.280	1.907	+6.373
10Y	9.038	2.108	+6.930

Measures if Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Zillow Group Inc can pay off its short term debts. This shows if Zillow Group 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 Zillow Group Inc is 4.49. This means that Zillow Group Inc can pay off $4.49 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Internet Content & Information industry is 1.46.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group 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 Zillow Group Inc: (2,920,000 + 1,478,000 +100,000) / 1,001,000 = 4.49

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 Zillow Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Zillow Group Inc to Internet Content & Information industry mean.
A Debt to Asset Ratio of 0.32 means that Zillow Group Inc assets are financed with 31.6% credit (debt) and the remaining percentage (100% - 31.6%) is financed by its owners/shareholders.

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

The MRQ is 0.316. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.319. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.316	TTM	0.319	-0.003
TTM	0.319	YOY	0.315	+0.004
TTM	0.319	5Y	0.365	-0.046
5Y	0.365	10Y	0.267	+0.098

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	0.316	0.379	-0.063
TTM	0.319	0.376	-0.057
YOY	0.315	0.354	-0.039
5Y	0.365	0.396	-0.031
10Y	0.267	0.419	-0.152

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Zillow Group Inc to Internet Content & Information 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 Zillow Group Inc is 0.32. This means means that Zillow Group Inc is financed with 31.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Internet Content & Information industry is 194.7%.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Zillow Group Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,158,000 \ 6,823,000 = 31.6% or 0.32.

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

Below 2 is considered healthy but always compare Zillow Group Inc to the Internet Content & Information industry mean.
A Debt to Equity ratio of 46.3% means that company has $0.46 debt for each $1 in shareholders equity.

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

The MRQ is 0.463. The company is very able to pay all its debts with equity. +2
The TTM is 0.469. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.463	TTM	0.469	-0.007
TTM	0.469	YOY	0.461	+0.009
TTM	0.469	5Y	0.590	-0.120
5Y	0.590	10Y	0.398	+0.191

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
MRQ	0.463	0.533	-0.070
TTM	0.469	0.512	-0.043
YOY	0.461	0.528	-0.067
5Y	0.590	0.634	-0.044
10Y	0.398	0.652	-0.254

Measures if Zillow Group 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 Zillow Group 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 Zillow Group Inc is 0.46. This means that Zillow Group Inc can pay off $0.46 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Internet Content & Information industry is 0.53.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,158,000 \ 4,665,000 = 0.46 or 46.3%

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 Zillow Group 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 Zillow Group Inc generates.

Above 15 is considered overpriced but always compare Zillow Group Inc to the Internet Content & Information industry mean.
A PE ratio of -122.09 means the investor is paying $-122.09 for every $1 in earnings.

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

The EOD is -107.654. Based on the earnings, the company is expensive. -2
The MRQ is -122.092. Based on the earnings, the company is expensive. -2
The TTM is -85.687. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-107.654	MRQ	-122.092	+14.439
MRQ	-122.092	TTM	-85.687	-36.406
TTM	-85.687	YOY	17.318	-103.004
TTM	-85.687	5Y	54.565	-140.252
5Y	54.565	10Y	-143.876	+198.441

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
EOD	-107.654	6.167	-113.821
MRQ	-122.092	5.899	-127.991
TTM	-85.687	6.049	-91.736
YOY	17.318	-0.241	+17.559
5Y	54.565	12.593	+41.972
10Y	-143.876	8.141	-152.017

Measures how much money you pay for each share for every $1 in earnings Zillow Group 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 Zillow Group Inc to the Internet Content & Information 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 Zillow Group Inc is -122.09. This means the investor is paying $-122.09 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Internet Content & Information industry is 5.90.
What is the trend?
The trend is important because it shows you how Zillow Group Inc is performing over time. The most recent quarter might be important if Zillow Group 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 Zillow Group 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 Zillow Group 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 \ 234,695 = EPS
PE ratio MRQ = -122.09

* 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 Zillow Group Inc:

The EOD is 72.824. Based on how much money comes from the company's main activities, the company is overpriced. -1
The MRQ is 82.592. Based on how much money comes from the company's main activities, the company is overpriced. -1
The TTM is 70.639. Based on how much money comes from the company's main activities, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	72.824	MRQ	82.592	-9.767
MRQ	82.592	TTM	70.639	+11.953
TTM	70.639	YOY	25.523	+45.116
TTM	70.639	5Y	30.956	+39.683
5Y	30.956	10Y	-32.088	+63.044

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
EOD	72.824	8.673	+64.151
MRQ	82.592	9.872	+72.720
TTM	70.639	7.421	+63.218
YOY	25.523	6.978	+18.545
5Y	30.956	8.939	+22.017
10Y	-32.088	7.666	-39.754

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Internet Content & Information industry mean).
A PB ratio of 2.41 means the investor is paying $2.41 for each $1 in book value.

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

The EOD is 2.123. Based on the equity, the company is underpriced. +1
The MRQ is 2.408. Based on the equity, the company is underpriced. +1
The TTM is 2.549. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.123	MRQ	2.408	-0.285
MRQ	2.408	TTM	2.549	-0.141
TTM	2.549	YOY	1.770	+0.780
TTM	2.549	5Y	3.214	-0.665
5Y	3.214	10Y	4.750	-1.536

Compared to industry (Internet Content & Information)

Period	Company	Industry (mean)	+/-
EOD	2.123	1.805	+0.318
MRQ	2.408	1.950	+0.458
TTM	2.549	2.163	+0.386
YOY	1.770	2.192	-0.422
5Y	3.214	3.449	-0.235
10Y	4.750	4.011	+0.739

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Zillow Group Inc

Institutions are holding 86.938% of the shares of Zillow Group Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Caledonia (Private) Investments Pty Ltd	6.6888	19.0046	15797294	0	0
2023-12-31	Vanguard Group Inc	3.4105	0.01	8054673	1730731	27.3679
2023-12-31	BlackRock Inc	1.0527	0.0036	2486198	142602	6.0848
2023-12-31	Independent Franchise Partners LLP	0.9501	1.0818	2243798	-111595	-4.7379
2023-12-31	NORGES BANK	0.7622	0.0178	1800000	-91448	-4.8348
2023-12-31	State Of Wisconsin Investment Board	0.6421	0.243	1516487	550605	57.0054
2023-12-31	Geode Capital Management, LLC	0.4118	0.0058	972679	28218	2.9877
2023-09-30	D. E. Shaw & Co LP	0.3407	0.0376	804630	-20411	-2.4739
2023-12-31	State Street Corporation	0.3388	0.0022	800196	27316	3.5343
2023-12-31	Bank of Montreal	0.2705	0.0182	638964	261513	69.284
2023-12-31	BMO Capital Markets Corp.	0.2705	0.0182	638964	261513	69.284
2023-12-31	Qube Research & Technologies	0.2457	0.0641	580367	-366204	-38.6874
2023-12-31	Wellington Management Company LLP	0.236	0.0059	557345	451476	426.4478
2023-12-31	Tybourne Capital Management (HK) Ltd	0.1881	3.7538	444175	413058	1327.4352
2023-12-31	UBS Group AG	0.1779	0.0071	420170	177265	72.9771
2023-12-31	Camelot Capital Partners LLC	0.1634	15.4508	385817	-18291	-4.5263
2023-12-31	Technology Crossover Management VIII, Ltd.	0.1627	1.9547	384337	0	0
2023-12-31	Dimensional Fund Advisors, Inc.	0.1599	0.0063	377564	-17738	-4.4872
2023-09-30	VOLORIDGE INVESTMENT MANAGEMENT, LLC	0.1446	0.0754	341528	154157	82.2737
2023-12-31	Nuveen Asset Management, LLC	0.1326	0.0057	313197	216	0.069
Total		16.7496	41.7666	39558383	+3572983	+9.0%

3.2. Funds holding Zillow Group Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-31	Vanguard Real Estate Index Investor	0.9824	0.1706	2320073	7034	0.3041
2024-03-31	Vanguard Small Cap Index	0.8142	0.0625	1923002	-270911	-12.3483
2024-02-29	Vanguard Total Stock Mkt Idx Inv	0.4926	0.0041	1163369	0	0
2024-03-31	Vanguard Institutional Extnd Mkt Idx Tr	0.209	0.0225	493642	-27135	-5.2105
2024-03-31	Vanguard Real Estate II Index	0.1515	0.1947	357751	0	0
2024-03-31	Vanguard Mid Cap Index Institutional	0.1448	0.0098	342058	-91539	-21.1115
2024-03-31	State St Russell Sm/Mid Cp® Indx NL Cl C	0.1435	0.0375	338913	0	0
2024-03-31	Vanguard Small Cap Value Index Inv	0.1406	0.0285	332134	-8366	-2.457
2024-02-29	Fidelity Extended Market Index	0.1248	0.0415	294655	6126	2.1232
2023-12-31	Wellington CIF II SMID Cap Research S3	0.1084	0.6679	256027	205730	409.0304
2023-12-29	Independent Franchise Partners US Equity	0.1061	0.7505	250515	-2903	-1.1455
2024-03-28	iShares US Real Estate ETF	0.0748	0.1999	176648	-1880	-1.0531
2024-02-29	Fidelity Mid Cap Index	0.0702	0.027	165754	1342	0.8162
2024-03-31	Russell 1000 Index Fund	0.0684	0.0053	161545	151	0.0936
2023-12-31	Blackrock Russ 1000 Eq Idx Composite	0.0684	0.0068	161439	161439	0
2024-03-28	iShares Russell Mid-Cap ETF	0.0673	0.0227	159021	0	0
2024-03-31	Invesco Russell 1000® Dynamic Mltfct ETF	0.0625	0.1094	147595	0	0
2024-03-28	iShares Russell 1000 Value ETF	0.0598	0.012	141133	-299	-0.2114
2024-02-29	CREF Stock R1	0.0584	0.0061	137983	0	0
2024-03-31	Vanguard Mid-Cap Growth ETF	0.0579	0.026	136674	-3416	-2.4384
Total		4.0056	2.4053	9459931	-24627	-0.3%

3.3. Insider Transactions

Insiders are holding 2.799% of the shares of Zillow Group Inc.

Date	Owner	Type	Amount	Price
2024-03-26	Errol G Samuelson	SELL	4219	49.6
2024-03-15	Jeremy Hofmann	SELL	7813	54.76
2024-03-04	Amy Bohutinsky	SELL	93750	56.69
2024-03-01	Susan Daimler	SELL	15206	56.36
2024-02-16	Bradley D Owens	SELL	2887	56.05
2024-02-16	Dan Spaulding	SELL	5114	55.45
2024-02-16	Jeremy Wacksman	SELL	20851	55.13
2024-02-14	David A Beitel	SELL	2705	57.98
2024-02-14	Dan Spaulding	SELL	3086	58
2024-02-14	Bradley D Owens	SELL	966	58.01
2024-02-14	Jeremy Hofmann	SELL	4636	58
2024-02-14	Jennifer Rock	SELL	7352	57.29
2024-02-14	Jeremy Wacksman	SELL	2704	58.01
2023-12-06	Jennifer Rock	SELL	2222	45.19
2023-12-05	Susan Daimler	SELL	3865	43.46
2023-11-24	Jeremy Hofmann	SELL	7637	40.01
2023-11-22	Dan Spaulding	SELL	5032	39.78
2023-11-20	Bradley D Owens	SELL	4662	39.05
2023-11-17	Erik C Blachford	SELL	21855	37.55
2023-11-17	Jeremy Wacksman	SELL	3125	40.72

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Zillow Group 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	-	-	0.450	0.149	+202%	0.056	+707%	0.191	+135%	0.375	+20%
Book Value Per Share	-	-	19.877	19.480	+2%	19.107	+4%	18.964	+5%	16.188	+23%
Current Ratio	-	-	3.319	5.326	-38%	12.695	-74%	6.578	-50%	6.653	-50%
Debt To Asset Ratio	-	-	0.316	0.319	-1%	0.315	+0%	0.365	-13%	0.267	+18%
Debt To Equity Ratio	-	-	0.463	0.469	-1%	0.461	+0%	0.590	-22%	0.398	+16%
Dividend Per Share	-	-	-	0.099	-100%	0.005	-100%	0.021	-100%	0.010	-100%
Eps	-	-	-0.098	-0.170	+74%	-0.147	+50%	-0.260	+165%	-0.281	+187%
Free Cash Flow Per Share	-	-	0.145	0.182	-20%	1.091	-87%	0.253	-43%	0.105	+38%
Free Cash Flow To Equity Per Share	-	-	0.447	-0.047	+110%	-0.379	+185%	0.525	-15%	0.402	+11%
Gross Profit Margin	-	-	8.217	5.934	+38%	1.559	+427%	0.025	+32181%	9.330	-12%
Intrinsic Value_10Y_max	-	-	16.400	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-30.624	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.698	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.174	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	5.060	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-3.033	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	8.372	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-8.622	-	-	-	-	-	-	-	-
Market Cap	2329680540.000	-382%	11232502700.000	11597626097.500	-3%	8072433897.500	+39%	14994316101.000	-25%	12077496117.485	-7%
Net Profit Margin	-	-	-0.043	-0.081	+86%	-0.070	+61%	-0.063	+44%	-0.115	+163%
Operating Margin	-	-	-0.021	-0.051	+145%	-0.058	+180%	-0.033	+57%	-0.067	+221%
Operating Ratio	-	-	1.074	1.125	-5%	1.084	-1%	1.052	+2%	1.075	0%
Pb Ratio	2.123	-13%	2.408	2.549	-6%	1.770	+36%	3.214	-25%	4.750	-49%
Pe Ratio	-107.654	+12%	-122.092	-85.687	-30%	17.318	-805%	54.565	-324%	-143.876	+18%
Price Per Share	42.200	-13%	47.860	49.643	-4%	33.838	+41%	61.842	-23%	59.093	-19%
Price To Free Cash Flow Ratio	72.824	-13%	82.592	70.639	+17%	25.523	+224%	30.956	+167%	-32.088	+139%
Price To Total Gains Ratio	93.854	-13%	106.442	413.852	-74%	-309.249	+391%	23.453	+354%	188.984	-44%
Quick Ratio	-	-	4.494	7.346	-39%	17.823	-75%	8.280	-46%	9.038	-50%
Return On Assets	-	-	-0.003	-0.006	+77%	-0.005	+38%	-0.008	+135%	-0.010	+203%
Return On Equity	-	-	-0.005	-0.009	+78%	-0.007	+38%	-0.014	+177%	-0.014	+191%
Total Gains Per Share	-	-	0.450	0.247	+82%	0.061	+637%	0.212	+112%	0.385	+17%
Usd Book Value	-	-	4665000000.000	4551500000.000	+2%	4566000000.000	+2%	4509392250.000	+3%	3475167525.000	+34%
Usd Book Value Change Per Share	-	-	0.450	0.149	+202%	0.056	+707%	0.191	+135%	0.375	+20%
Usd Book Value Per Share	-	-	19.877	19.480	+2%	19.107	+4%	18.964	+5%	16.188	+23%
Usd Dividend Per Share	-	-	-	0.099	-100%	0.005	-100%	0.021	-100%	0.010	-100%
Usd Eps	-	-	-0.098	-0.170	+74%	-0.147	+50%	-0.260	+165%	-0.281	+187%
Usd Free Cash Flow	-	-	34000000.000	42500000.000	-20%	265750000.000	-87%	54288150.000	-37%	22880350.000	+49%
Usd Free Cash Flow Per Share	-	-	0.145	0.182	-20%	1.091	-87%	0.253	-43%	0.105	+38%
Usd Free Cash Flow To Equity Per Share	-	-	0.447	-0.047	+110%	-0.379	+185%	0.525	-15%	0.402	+11%
Usd Market Cap	2329680540.000	-382%	11232502700.000	11597626097.500	-3%	8072433897.500	+39%	14994316101.000	-25%	12077496117.485	-7%
Usd Price Per Share	42.200	-13%	47.860	49.643	-4%	33.838	+41%	61.842	-23%	59.093	-19%
Usd Profit	-	-	-23000000.000	-39750000.000	+73%	-30750000.000	+34%	-59686400.000	+160%	-47054850.000	+105%
Usd Revenue	-	-	529000000.000	501250000.000	+6%	599000000.000	-12%	1121696300.000	-53%	676232350.000	-22%
Usd Total Gains Per Share	-	-	0.450	0.247	+82%	0.061	+637%	0.212	+112%	0.385	+17%
	EOD	+3 -5	MRQ	TTM	+24 -12	YOY	+23 -13	5Y	+21 -15	10Y	+22 -14

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-107.654
Price to Book Ratio (EOD)	Between	0-1	2.123
Net Profit Margin (MRQ)	Greater than	0	-0.043
Operating Margin (MRQ)	Greater than	0	-0.021
Quick Ratio (MRQ)	Greater than	1	4.494
Current Ratio (MRQ)	Greater than	1	3.319
Debt to Asset Ratio (MRQ)	Less than	1	0.316
Debt to Equity Ratio (MRQ)	Less than	1	0.463
Return on Equity (MRQ)	Greater than	0.15	-0.005
Return on Assets (MRQ)	Greater than	0.05	-0.003
Total			4/10 (40.0%)

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.
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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	46.031
Ma 20	Greater than	Ma 50	41.837
Ma 50	Greater than	Ma 100	46.163
Ma 100	Greater than	Ma 200	50.213
Open	Greater than	Close	42.080
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.

		2023-03-31		2023-06-30		2023-09-30		2023-12-31		2024-03-31
Inventory		50,000	25,000	75,000	24,000	99,000	4,000	103,000	-108,000	-5,000
Long-term Assets Other		36,000	7,000	43,000	-4,000	39,000	5,000	44,000	-294,000	-250,000

Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	6,823,000
Total Liabilities	2,158,000
Total Stockholder Equity	4,665,000

	As reported
Total Liabilities	2,158,000
Total Stockholder Equity	+ 4,665,000
Total Assets	= 6,823,000

Assets

Total Assets	6,823,000
Total Current Assets	3,322,000
Long-term Assets	3,501,000

Total Current Assets

Total Current Assets (as reported)	3,322,000
Cash And Cash Equivalents	1,442,000
Short-term Investments	1,478,000
Net Receivables	100,000
Other Current Assets	302,000
Total Current Assets (calculated)	3,322,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	3,501,000
Property Plant Equipment	409,000
Goodwill	2,817,000
Intangible Assets	525,000
Long-term Assets Other	-250,000
Long-term Assets (calculated)	3,501,000
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	1,001,000
Long-term Liabilities	1,157,000
Total Stockholder Equity	4,665,000

Total Current Liabilities

Total Current Liabilities (as reported)	1,001,000
Short-term Debt	758,000
Short Long Term Debt	731,000
Accounts payable	34,000
Other Current Liabilities	151,000
Total Current Liabilities (calculated)	1,674,000
+/-	673,000

Long-term Liabilities

Long-term Liabilities (as reported)	1,157,000
Long term Debt	1,001,000
Capital Lease Obligations	119,000
Long-term Liabilities Other	64,000
Long-term Liabilities (calculated)	1,184,000
+/-	27,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	4,665,000
Retained Earnings	-1,793,000
Accumulated Other Comprehensive Income	-11,000
Other Stockholders Equity	6,469,000
Total Stockholder Equity (calculated)	4,665,000
+/-	0

Other

Cash and Short Term Investments	2,920,000
Common Stock Shares Outstanding	234,695
Current Deferred Revenue	58,000
Liabilities and Stockholders Equity	6,823,000
Net Debt	409,000
Net Invested Capital	6,397,000
Net Working Capital	2,321,000
Property Plant and Equipment Gross	150,000
Short Long Term Debt Total	1,851,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2024-03-31

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

> Total Assets

0
0
0
0
0
0
0
24,013
28,625
33,902
113,922
116,668
123,273
135,153
298,352
304,235
309,627
317,532
591,661
608,063
621,542
641,473
649,210
649,730
3,168,194
3,169,862
3,162,449
3,135,700
3,135,253
3,037,101
3,064,504
3,149,677
3,197,094
3,260,085
3,340,701
3,230,517
3,344,137
3,426,173
4,202,457
4,291,116
4,539,566
4,825,920
6,075,988
6,131,973
5,871,740
6,449,788
6,843,575
7,486,560
8,255,902
8,775,421
10,837,639
10,695,454
7,820,000
6,783,000
6,718,000
6,563,000
6,614,000
6,618,000
6,656,000
6,652,000
6,823,000

6,823,000

6,652,000

6,656,000

6,618,000

6,614,000

6,563,000

6,718,000

6,783,000

7,820,000

10,695,454

10,837,639

8,775,421

8,255,902

7,486,560

6,843,575

6,449,788

5,871,740

6,131,973

6,075,988

4,825,920

4,539,566

4,291,116

4,202,457

3,426,173

3,344,137

3,230,517

3,340,701

3,260,085

3,197,094

3,149,677

3,064,504

3,037,101

3,135,253

3,135,700

3,162,449

3,169,862

3,168,194

649,730

649,210

641,473

621,542

608,063

591,661

317,532

309,627

304,235

298,352

135,153

123,273

116,668

113,922

33,902

28,625

24,013

> Total Current Assets

0
0
0
0
0
0
0
18,171
19,976
22,138
102,776
85,703
91,371
78,994
240,744
205,401
192,994
185,854
385,759
315,512
331,090
384,415
397,035
401,337
684,735
682,053
595,532
574,094
566,937
471,365
501,782
581,806
630,471
686,623
764,945
841,525
922,247
1,007,504
1,794,734
1,892,698
2,039,585
2,219,408
3,458,803
3,510,154
3,317,650
3,903,934
4,306,126
4,964,880
5,753,580
6,285,720
7,830,901
7,679,979
4,790,000
3,844,000
3,771,000
3,603,000
3,646,000
3,631,000
3,612,000
3,149,000
3,322,000

3,322,000

3,149,000

3,612,000

3,631,000

3,646,000

3,603,000

3,771,000

3,844,000

4,790,000

7,679,979

7,830,901

6,285,720

5,753,580

4,964,880

4,306,126

3,903,934

3,317,650

3,510,154

3,458,803

2,219,408

2,039,585

1,892,698

1,794,734

1,007,504

922,247

841,525

764,945

686,623

630,471

581,806

501,782

471,365

566,937

574,094

595,532

682,053

684,735

401,337

397,035

384,415

331,090

315,512

385,759

185,854

192,994

205,401

240,744

78,994

91,371

85,703

102,776

22,138

19,976

18,171

Cash And Cash Equivalents

0
0
0
0
0
0
0
12,278
11,055
16,161
95,813
47,926
54,300
25,792
188,858
150,040
131,948
131,552
318,888
201,760
153,654
138,289
122,765
125,765
307,852
302,272
233,539
229,138
232,443
155,210
190,760
243,592
261,524
276,465
319,942
352,095
397,393
431,045
643,792
651,058
736,507
766,698
1,791,918
1,141,263
1,567,710
2,045,474
1,904,785
1,703,130
3,401,762
3,713,156
2,195,366
2,611,499
2,594,000
2,181,000
1,973,000
1,466,000
1,394,000
1,566,000
1,846,000
1,492,000
1,442,000

1,442,000

1,492,000

1,846,000

1,566,000

1,394,000

1,466,000

1,973,000

2,181,000

2,594,000

2,611,499

2,195,366

3,713,156

3,401,762

1,703,130

1,904,785

2,045,474

1,567,710

1,141,263

1,791,918

766,698

736,507

651,058

643,792

431,045

397,393

352,095

319,942

276,465

261,524

243,592

190,760

155,210

232,443

229,138

233,539

302,272

307,852

125,765

122,765

138,289

153,654

201,760

318,888

131,552

131,948

150,040

188,858

25,792

54,300

47,926

95,813

16,161

11,055

12,278

Short-term Investments

0
0
0
0
0
0
0
1,499
4,499
0
0
28,925
28,780
43,810
40,024
44,054
47,102
38,138
46,154
93,531
155,760
219,777
243,555
246,829
320,581
322,695
303,220
291,151
281,218
264,933
253,845
262,870
297,520
322,463
361,038
410,444
425,593
468,541
999,241
903,867
780,963
673,029
531,679
1,280,989
993,258
1,491,167
1,885,385
2,218,108
1,294,051
880,875
1,020,083
513,922
1,032,000
1,362,000
1,516,000
1,896,000
1,975,000
1,745,000
1,421,000
1,318,000
1,478,000

1,478,000

1,318,000

1,421,000

1,745,000

1,975,000

1,896,000

1,516,000

1,362,000

1,032,000

513,922

1,020,083

880,875

1,294,051

2,218,108

1,885,385

1,491,167

993,258

1,280,989

531,679

673,029

780,963

903,867

999,241

468,541

425,593

410,444

361,038

322,463

297,520

262,870

253,845

264,933

281,218

291,151

303,220

322,695

320,581

246,829

243,555

219,777

155,760

93,531

46,154

38,138

47,102

44,054

40,024

43,810

28,780

28,925

4,499

1,499

Net Receivables

0
0
0
0
0
0
0
3,984
3,729
5,307
6,115
5,638
6,140
7,775
8,639
8,655
9,499
13,083
15,712
15,234
14,859
19,885
21,794
18,684
31,267
35,198
33,568
29,789
32,270
35,494
39,939
40,527
41,868
47,716
53,951
54,396
54,558
64,083
66,337
66,083
70,605
82,261
77,674
67,005
71,782
66,878
79,642
69,940
82,461
101,927
161,080
154,937
99,000
74,000
78,000
72,000
75,000
90,000
97,000
96,000
100,000

100,000

96,000

97,000

90,000

75,000

72,000

78,000

74,000

99,000

154,937

161,080

101,927

82,461

69,940

79,642

66,878

71,782

67,005

77,674

82,261

70,605

66,083

66,337

64,083

54,558

54,396

53,951

47,716

41,868

40,527

39,939

35,494

32,270

29,789

33,568

35,198

31,267

18,684

21,794

19,885

14,859

15,234

15,712

13,083

9,499

8,655

8,639

7,775

6,140

5,638

6,115

5,307

3,729

3,984

Other Current Assets

0
0
0
0
0
0
0
410
693
670
848
3,214
2,151
1,617
3,223
2,652
4,445
3,081
5,005
4,987
6,817
6,464
8,921
10,059
25,035
21,888
25,205
24,016
21,006
15,728
17,238
34,817
29,559
39,979
30,014
24,590
44,703
38,169
38,904
61,067
69,292
62,062
66,413
58,117
57,635
56,373
73,604
75,846
107,877
107,687
143,756
153,555
571,000
204,000
204,000
126,000
152,000
155,000
149,000
140,000
302,000

302,000

140,000

149,000

155,000

152,000

126,000

204,000

571,000

153,555

143,756

107,687

107,877

75,846

73,604

56,373

57,635

58,117

66,413

62,062

69,292

61,067

38,904

38,169

44,703

24,590

30,014

39,979

29,559

34,817

17,238

15,728

21,006

24,016

25,205

21,888

25,035

10,059

8,921

6,464

6,817

4,987

5,005

3,081

4,445

2,652

3,223

1,617

2,151

3,214

848

670

693

410

> Long-term Assets

0
0
0
0
0
0
0
5,842
8,649
11,764
11,146
30,965
31,902
56,159
57,608
98,834
116,633
131,678
205,902
292,551
290,452
257,058
252,175
248,393
2,483,459
2,487,809
2,566,917
2,561,606
2,568,316
2,565,736
2,562,722
2,567,871
2,566,623
2,573,462
2,575,756
2,388,992
2,421,890
2,418,669
2,407,723
2,398,418
2,499,981
2,606,512
2,617,185
2,621,819
2,554,090
2,545,854
2,537,449
2,521,680
2,502,322
2,489,701
3,006,738
3,015,475
3,030,000
2,939,000
2,947,000
2,960,000
2,968,000
2,987,000
3,044,000
3,503,000
3,501,000

3,501,000

3,503,000

3,044,000

2,987,000

2,968,000

2,960,000

2,947,000

2,939,000

3,030,000

3,015,475

3,006,738

2,489,701

2,502,322

2,521,680

2,537,449

2,545,854

2,554,090

2,621,819

2,617,185

2,606,512

2,499,981

2,398,418

2,407,723

2,418,669

2,421,890

2,388,992

2,575,756

2,573,462

2,566,623

2,567,871

2,562,722

2,565,736

2,568,316

2,561,606

2,566,917

2,487,809

2,483,459

248,393

252,175

257,058

290,452

292,551

205,902

131,678

116,633

98,834

57,608

56,159

31,902

30,965

11,146

11,764

8,649

5,842

Property Plant Equipment

0
0
0
0
0
0
0
4,929
4,994
5,544
8,252
7,227
8,484
10,665
12,878
13,634
16,773
19,117
22,528
27,408
31,114
34,011
38,335
41,600
72,936
81,416
85,745
89,639
92,839
98,799
94,045
98,288
94,945
103,004
110,741
112,271
114,828
118,242
124,281
135,172
244,202
356,012
372,815
382,642
393,720
395,169
392,032
384,112
370,844
365,008
361,291
344,487
374,000
379,000
388,000
397,000
404,000
417,000
427,000
401,000
409,000

409,000

401,000

427,000

417,000

404,000

397,000

388,000

379,000

374,000

344,487

361,291

365,008

370,844

384,112

392,032

395,169

393,720

382,642

372,815

356,012

244,202

135,172

124,281

118,242

114,828

112,271

110,741

103,004

94,945

98,288

94,045

98,799

92,839

89,639

85,745

81,416

72,936

41,600

38,335

34,011

31,114

27,408

22,528

19,117

16,773

13,634

12,878

10,665

8,484

7,227

8,252

5,544

4,994

4,929

Goodwill

0
0
0
0
0
0
0
0
1,140
1,140
1,140
3,676
3,676
35,432
35,375
54,284
54,284
54,284
93,199
93,213
93,213
96,352
96,352
96,352
1,833,427
1,832,961
1,909,820
1,909,167
1,919,777
1,919,777
1,923,480
1,923,480
1,927,450
1,927,450
1,931,260
1,931,076
1,931,076
1,931,076
1,931,076
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
1,984,907
2,374,801
2,373,792
2,374,000
2,374,000
2,374,000
2,374,000
2,374,000
2,374,000
2,416,000
2,817,000
2,817,000

2,817,000

2,416,000

2,374,000

2,373,792

2,374,801

1,984,907

1,931,076

1,931,260

1,927,450

1,923,480

1,919,777

1,909,167

1,909,820

1,832,961

1,833,427

96,352

93,213

93,199

54,284

35,375

35,432

3,676

1,140

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
0
0
0
20,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

10,000

20,000

10,000

Intangible Assets

0
0
0
0
0
0
0
888
1,518
1,934
1,714
4,532
4,289
9,655
9,069
21,248
20,241
19,597
30,262
29,149
27,740
26,455
24,864
26,757
569,125
565,345
563,540
554,765
549,267
539,965
537,177
527,464
525,771
514,513
505,696
319,711
307,919
299,228
290,887
215,904
207,933
202,824
197,527
190,567
112,274
106,990
100,649
94,767
87,711
81,362
195,038
180,072
165,000
153,000
149,000
154,000
154,000
153,000
162,000
241,000
525,000

525,000

241,000

162,000

153,000

154,000

149,000

153,000

165,000

180,072

195,038

81,362

87,711

94,767

100,649

106,990

112,274

190,567

197,527

202,824

207,933

215,904

290,887

299,228

307,919

319,711

505,696

514,513

525,771

527,464

537,177

539,965

549,267

554,765

563,540

565,345

569,125

26,757

24,864

26,455

27,740

29,149

30,262

19,597

20,241

21,248

9,069

9,655

4,289

4,532

1,714

1,934

1,518

888

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,171
1,452
1,073
8,035
5,380
6,142
6,967
7,586
17,404
27,442
27,006
5,934
58,067
60,123
51,479
52,435
62,939
52,769
51,936
53,703
53,189
58,788
59,861
57,894
58,860
58,424
50,706
42,021
117,000
33,000
36,000
30,000
0
0
0
0
0

30,000

36,000

33,000

117,000

42,021

50,706

58,424

58,860

57,894

59,861

58,788

53,189

53,703

51,936

52,769

62,939

52,435

51,479

60,123

58,067

5,934

27,006

27,442

17,404

7,586

6,967

6,142

5,380

8,035

1,073

1,452

1,171

> Total Liabilities

0
0
0
0
0
0
0
6,565
9,945
12,761
16,255
15,455
15,630
22,367
22,202
23,918
23,077
25,908
34,410
40,267
46,023
57,778
64,010
60,951
500,224
499,420
489,008
456,647
473,798
494,329
472,798
616,090
628,108
629,582
651,709
569,694
575,696
572,492
883,438
1,023,937
1,256,434
1,547,814
2,624,110
2,696,552
2,455,979
2,426,730
2,540,220
2,744,744
2,745,864
3,131,306
5,066,653
5,354,143
3,018,000
2,116,000
2,123,000
2,081,000
2,094,000
2,132,000
2,127,000
2,126,000
2,158,000

2,158,000

2,126,000

2,127,000

2,132,000

2,094,000

2,081,000

2,123,000

2,116,000

3,018,000

5,354,143

5,066,653

3,131,306

2,745,864

2,744,744

2,540,220

2,426,730

2,455,979

2,696,552

2,624,110

1,547,814

1,256,434

1,023,937

883,438

572,492

575,696

569,694

651,709

629,582

628,108

616,090

472,798

494,329

473,798

456,647

489,008

499,420

500,224

60,951

64,010

57,778

46,023

40,267

34,410

25,908

23,077

23,918

22,202

22,367

15,630

15,455

16,255

12,761

9,945

6,565

> Total Current Liabilities

0
0
0
0
0
0
0
6,230
9,644
12,356
15,155
13,990
13,874
20,120
19,252
20,433
19,426
22,600
31,015
33,385
38,530
47,530
53,461
49,196
115,020
112,375
106,983
80,422
97,566
116,788
94,294
97,242
106,821
102,530
118,755
118,387
120,697
123,248
153,190
287,498
430,905
604,279
907,606
920,517
671,475
387,445
466,168
908,641
933,412
1,646,517
3,110,268
3,882,449
1,202,000
304,000
312,000
270,000
287,000
333,000
941,000
971,000
1,001,000

1,001,000

971,000

941,000

333,000

287,000

270,000

312,000

304,000

1,202,000

3,882,449

3,110,268

1,646,517

933,412

908,641

466,168

387,445

671,475

920,517

907,606

604,279

430,905

287,498

153,190

123,248

120,697

118,387

118,755

102,530

106,821

97,242

94,294

116,788

97,566

80,422

106,983

112,375

115,020

49,196

53,461

47,530

38,530

33,385

31,015

22,600

19,426

20,433

19,252

20,120

13,874

13,990

15,155

12,356

9,644

6,230

Short-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
230,000
0
0
0
367,404
0
376,259
380,795
385,416
389,624
394,420
24,674
149,718
293,580
458,650
746,333
749,180
496,574
219,458
268,288
698,519
690,640
1,345,890
2,703,772
3,543,812
901,000
83,000
75,000
68,000
71,000
95,000
726,000
737,000
758,000

758,000

737,000

726,000

95,000

71,000

68,000

75,000

83,000

901,000

3,543,812

2,703,772

1,345,890

690,640

698,519

268,288

219,458

496,574

749,180

746,333

458,650

293,580

149,718

24,674

394,420

389,624

385,416

380,795

376,259

367,404

230,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
230,000
0
0
0
367,404
0
376,259
380,795
385,416
389,624
394,420
0
0
274,019
439,856
728,396
731,588
476,284
196,669
239,981
670,209
662,175
1,317,927
2,674,335
3,520,309
878,000
55,000
45,000
37,000
42,000
66,000
698,000
700,000
731,000

731,000

700,000

698,000

66,000

42,000

37,000

45,000

55,000

878,000

3,520,309

2,674,335

1,317,927

662,175

670,209

239,981

196,669

476,284

731,588

728,396

439,856

274,019

394,420

389,624

385,416

380,795

376,259

367,404

230,000

Accounts payable

0
0
0
0
0
0
0
750
1,267
2,524
3,734
1,681
1,268
3,472
2,660
3,158
4,399
5,817
3,987
4,724
6,403
14,279
13,366
9,358
13,661
11,908
6,124
3,361
4,995
17,144
6,697
4,257
4,157
2,037
4,915
3,587
5,194
5,928
5,846
7,471
7,708
8,028
9,717
8,343
17,819
14,307
19,352
18,974
17,044
15,640
30,891
17,230
24,000
16,000
19,000
20,000
21,000
21,000
28,000
28,000
34,000

34,000

28,000

21,000

20,000

19,000

16,000

24,000

17,230

30,891

15,640

17,044

18,974

19,352

14,307

17,819

8,343

9,717

8,028

7,708

7,471

5,846

5,928

5,194

3,587

4,915

2,037

4,157

4,257

6,697

17,144

4,995

3,361

6,124

11,908

13,661

9,358

13,366

14,279

6,403

4,724

3,987

5,817

4,399

3,158

2,660

3,472

1,268

1,681

3,734

2,524

1,267

750

Other Current Liabilities

0
0
0
0
0
0
0
2,196
3,615
4,185
5,687
6,540
6,073
7,949
7,872
8,832
7,122
7,326
15,937
15,817
19,355
18,479
24,540
23,618
76,623
76,120
79,879
54,439
66,619
72,778
59,356
62,484
70,338
67,833
80,850
80,482
77,780
78,778
84,145
94,489
93,512
100,521
109,601
123,247
121,735
109,166
129,375
142,153
171,536
231,440
321,405
269,923
221,000
153,000
168,000
138,000
146,000
168,000
139,000
154,000
151,000

151,000

154,000

139,000

168,000

146,000

138,000

168,000

153,000

221,000

269,923

321,405

231,440

171,536

142,153

129,375

109,166

121,735

123,247

109,601

100,521

93,512

94,489

84,145

78,778

77,780

80,482

80,850

67,833

70,338

62,484

59,356

72,778

66,619

54,439

79,879

76,120

76,623

23,618

24,540

18,479

19,355

15,817

15,937

7,326

7,122

8,832

7,872

7,949

6,073

6,540

5,687

4,185

3,615

2,196

> Long-term Liabilities

0
0
0
0
0
0
0
335
301
405
1,100
1,465
1,756
2,247
2,950
3,485
3,651
3,308
3,395
6,882
7,493
10,248
10,549
11,755
385,204
387,045
382,025
376,225
376,232
377,541
378,504
518,848
521,287
527,052
532,954
451,307
454,999
449,244
730,248
736,439
825,529
943,535
1,716,504
1,776,035
1,784,504
2,039,285
2,074,052
1,836,103
1,812,452
1,484,789
1,956,385
1,471,694
1,816,000
1,812,000
1,811,000
1,811,000
1,807,000
1,799,000
1,186,000
1,155,000
1,157,000

1,157,000

1,155,000

1,186,000

1,799,000

1,807,000

1,811,000

1,812,000

1,816,000

1,471,694

1,956,385

1,484,789

1,812,452

1,836,103

2,074,052

2,039,285

1,784,504

1,776,035

1,716,504

943,535

825,529

736,439

730,248

449,244

454,999

451,307

532,954

527,052

521,287

518,848

378,504

377,541

376,232

376,225

382,025

387,045

385,204

11,755

10,549

10,248

7,493

6,882

3,395

3,308

3,651

3,485

2,950

2,247

1,756

1,465

1,100

405

301

335

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
230,000
0
230,000
230,000
230,000
230,000
367,404
371,757
376,259
380,795
385,416
389,624
394,420
690,338
699,020
707,860
716,819
1,478,719
1,543,402
1,565,949
1,810,341
1,838,010
1,613,523
1,597,205
1,276,487
1,766,238
1,319,224
1,656,000
1,657,000
1,659,000
1,660,000
1,661,000
1,663,000
0
0
0

1,663,000

1,661,000

1,660,000

1,659,000

1,657,000

1,656,000

1,319,224

1,766,238

1,276,487

1,597,205

1,613,523

1,838,010

1,810,341

1,565,949

1,543,402

1,478,719

716,819

707,860

699,020

690,338

394,420

389,624

385,416

380,795

376,259

371,757

367,404

230,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
146,225
0
0
0
151,444
0
150,793
152,159
65,891
65,375
54,824
39,910
37,419
15,264
15,123
13,796
12,188
2,433
14,192
21,539
14,857
14,485
14,411
15,714
4,503
4,000
5,000
11,000
12,000
0
0
0
0
0

12,000

11,000

5,000

4,000

4,503

15,714

14,411

14,485

14,857

21,539

14,192

2,433

12,188

13,796

15,123

15,264

37,419

39,910

54,824

65,375

65,891

152,159

150,793

151,444

146,225

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
157,045
0
146,225
146,232
147,541
148,504
151,444
149,530
150,793
152,159
65,891
65,375
54,824
39,910
37,419
15,264
15,123
13,796
12,188
2,433
14,192
50,488
14,857
50,182
47,938
41,225
35,465
31,000
27,000
25,000
23,000
0
0
0
0
0

23,000

25,000

27,000

31,000

35,465

41,225

47,938

50,182

14,857

50,488

14,192

2,433

12,188

13,796

15,123

15,264

37,419

39,910

54,824

65,375

65,891

152,159

150,793

149,530

151,444

148,504

147,541

146,232

146,225

157,045

> Total Stockholder Equity

0
0
0
0
0
0
0
17,448
18,680
21,141
97,667
101,213
107,643
112,786
276,150
280,317
286,550
291,624
557,251
567,796
575,519
583,695
585,200
588,779
2,667,970
2,670,442
2,673,441
2,679,053
2,661,455
2,542,772
2,591,706
2,533,587
2,568,986
2,630,503
2,688,992
2,660,823
2,768,441
2,853,681
3,319,019
3,267,179
3,283,132
3,278,106
3,451,878
3,435,421
3,415,761
4,023,058
4,303,355
4,741,816
5,510,038
5,644,115
5,770,986
5,341,311
4,802,000
4,667,000
4,595,000
4,482,000
4,520,000
4,486,000
4,529,000
4,526,000
4,665,000

4,665,000

4,526,000

4,529,000

4,486,000

4,520,000

4,482,000

4,595,000

4,667,000

4,802,000

5,341,311

5,770,986

5,644,115

5,510,038

4,741,816

4,303,355

4,023,058

3,415,761

3,435,421

3,451,878

3,278,106

3,283,132

3,267,179

3,319,019

2,853,681

2,768,441

2,660,823

2,688,992

2,630,503

2,568,986

2,533,587

2,591,706

2,542,772

2,661,455

2,679,053

2,673,441

2,670,442

2,667,970

588,779

585,200

583,695

575,519

567,796

557,251

291,624

286,550

280,317

276,150

112,786

107,643

101,213

97,667

21,141

18,680

17,448

Common Stock

0
0
0
0
0
0
0
1
2
1
3
3
3
3
4
4
4
4
4
4
4
4
4
4
6
6
18
18
18
18
18
18
18
19
20
20
20
20
20
21
21
21
21
21
22
23
24
24
25
25
26
25
0
0
0
0
0
0
0
0
0

Retained Earnings Total Equity

-1,669,000

-1,634,000

-1,612,000

-1,540,000

-1,487,000

-1,495,000

-1,667,032

-1,405,824

-1,077,650

-1,087,291

-1,139,255

-1,185,291

-1,224,861

-1,140,413

-977,140

-875,930

-811,281

-739,304

-671,779

-574,097

-573,605

-570,512

-592,243

-515,066

-524,274

-502,429

-497,043

-473,552

-480,359

-324,210

-276,605

-224,836

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
-26,294
-27,550
-29,090
-28,636
-30,014
-31,598
-33,528
-32,762
-35,513
-38,028
-41,207
-42,767
-47,315
-51,335
-55,504
-61,671
-66,704
138
117
270
-471
169
377
198
-242
-267
-444
-345
-1,100
-1,454
-1,275
-1,661
-905
197
896
784
340
4,286
1,525
461
164
454
305
151
7,234
-1,000
-13,000
-19,000
-15,000
-3,000
-19,000
-21,000
-5,000
-11,000

-11,000

-5,000

-21,000

-19,000

-3,000

-15,000

-19,000

-13,000

-1,000

7,234

151

305

454

164

461

1,525

4,286

340

784

896

197

-905

-1,661

-1,275

-1,454

-1,100

-345

-444

-267

-242

198

377

169

-471

270

117

138

-66,704

-61,671

-55,504

-51,335

-47,315

-42,767

-41,207

-38,028

-35,513

-32,762

-33,528

-31,598

-30,014

-28,636

-29,090

-27,550

-26,294

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
2,895,155
0
2,956,111
2,985,478
3,022,736
3,065,042
3,030,854
3,071,664
3,155,202
3,204,383
3,254,146
3,340,387
3,428,541
3,894,757
3,939,842
4,022,218
4,088,470
4,327,003
4,412,200
4,551,866
5,246,371
5,488,161
5,880,883
6,596,850
6,721,435
7,176,633
7,001,084
6,298,000
6,167,000
6,154,000
6,109,000
6,157,000
6,174,000
0
0
0

6,174,000

6,157,000

6,109,000

6,154,000

6,167,000

6,298,000

7,001,084

7,176,633

6,721,435

6,596,850

5,880,883

5,488,161

5,246,371

4,551,866

4,412,200

4,327,003

4,088,470

4,022,218

3,939,842

3,894,757

3,428,541

3,340,387

3,254,146

3,204,383

3,155,202

3,071,664

3,030,854

3,065,042

3,022,736

2,985,478

2,956,111

2,895,155

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
122,446
125,763
128,185
204,831
208,831
215,121
220,862
381,125
387,494
399,989
418,474
686,850
699,228
717,230
740,052
763,701
783,210
2,853,941
2,895,155
2,924,038
2,956,111
2,985,478
3,022,736
3,065,042
3,030,854
3,071,664
3,155,202
3,204,383
3,254,146
3,340,387
3,428,541
3,894,757
3,939,842
4,022,218
4,088,470
4,327,003
4,412,200
4,551,866
5,246,371
5,488,161
5,880,883
6,596,850
6,721,435
7,176,633
7,001,084
6,298,000
6,167,000
6,154,000
6,109,000
6,157,000
6,174,000
6,247,000
6,301,000
6,469,000

6,469,000

6,301,000

6,247,000

6,174,000

6,157,000

6,109,000

6,154,000

6,167,000

6,298,000

7,001,084

7,176,633

6,721,435

6,596,850

5,880,883

5,488,161

5,246,371

4,551,866

4,412,200

4,327,003

4,088,470

4,022,218

3,939,842

3,894,757

3,428,541

3,340,387

3,254,146

3,204,383

3,155,202

3,071,664

3,030,854

3,065,042

3,022,736

2,985,478

2,956,111

2,924,038

2,895,155

2,853,941

783,210

763,701

740,052

717,230

699,228

686,850

418,474

399,989

387,494

381,125

220,862

215,121

208,831

204,831

128,185

125,763

122,446

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	28,000	20,000	17,230	18,974	8,343	7,471	3,587	4,257	3,361	9,358	4,724	3,158	1,681	750	423	0	-	-
Accumulated Amortization	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	-	-
Accumulated Other Comprehensive Income	-5,000	-15,000	7,234	164	340	-905	-1,100	-242	-471	-66,704	-47,315	-35,513	-30,014	-26,294	-21,649	63,600	102,000	79,600
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Lease Obligations	132,000	170,000	171,470	236,033	238,037	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	0	0	25	24	21	21	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	6,109,000	7,001,084	5,880,883	4,412,200	3,939,842	3,254,146	3,030,854	2,956,111	0	0	0	0	0	0	0	-	-
Cash	1,492,000	1,466,000	2,611,499	1,703,130	1,141,263	651,058	352,095	243,592	229,138	125,765	201,760	150,040	47,926	12,278	4,439	24,300	41,700	30,700
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash And Short Term Investments	2,810,000	3,362,000	3,125,421	3,921,238	2,422,252	1,554,925	762,539	506,462	520,289	372,594	295,291	194,094	76,851	13,777	16,091	24,300	41,700	30,700
Common Stock	0	0	25	24	21	21	20	18	18	4	4	4	3	1	1	0	-	-
Common Stock Shares Outstanding	233,575	242,163	249,937	223,848	206,380	197,944	186,453	180,149	169,767	120,027	108,087	98,127	66,915	70,812	70,812	26,900	26,900	26,900
Common Stock Total Equity	0	0	25	24	21	21	20	18	18	4	4	4	3	1	1	0	-	-
Current Deferred Revenue	52,000	44,000	51,484	48,995	39,747	35,820	34,318	30,501	22,622	16,220	12,844	8,443	5,769	3,284	807	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Deferred Long Term Liab	0	23,000	35,465	14,857	12,188	37,419	65,891	151,444	146,225	11,755	0	0	0	0	0	0	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Good Will	2,817,000	2,374,000	2,373,792	1,984,907	1,984,907	1,984,907	1,931,076	1,923,480	1,909,167	96,352	93,213	54,284	3,676	0	0	0	-	-
Intangible Assets	241,000	154,000	180,072	94,767	190,567	215,904	319,711	527,464	554,765	26,757	29,149	21,248	4,532	888	875	0	-	-
Inventory	103,000	43,000	3,912,662	491,293	836,627	162,829	0	0	0	0	0	0	0	0	0	0	-	-
Liabilities And Stockholders Equity	6,652,000	6,563,000	10,695,454	7,486,560	6,131,973	4,291,116	3,230,517	3,149,677	3,135,700	649,730	608,063	304,235	116,668	24,013	24,608	34,500	54,400	42,900
Long Term Debt	1,000,000	1,660,000	1,319,224	1,613,523	1,543,402	699,020	385,416	367,404	230,000	0	0	0	0	0	0	0	-	-
Long Term Debt Total	0	1,660,000	1,319,224	1,613,523	1,543,402	699,020	385,416	367,404	230,000	0	0	0	0	0	0	0	-	-
Long Term Investments	0	0	0	0	10,000	10,000	20,000	10,000	0	83,326	0	0	0	0	0	0	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Debt	340,000	401,000	2,399,504	816,635	1,371,764	197,680	33,321	123,812	862	-125,765	-201,760	-150,040	-47,926	-12,278	-4,439	-24,300	-41,700	-30,700
Net Invested Capital	6,226,000	6,179,000	10,180,844	7,025,548	5,710,411	4,115,917	3,046,239	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	96,000	72,000	154,937	69,940	67,005	66,083	54,396	40,527	29,789	18,684	15,234	8,655	5,638	3,984	2,868	0	-	-
Net Tangible Assets	0	4,482,000	5,341,311	2,662,142	1,259,947	1,066,368	410,036	82,643	215,121	465,670	0	0	0	0	0	0	-	-
Net Working Capital	2,178,000	3,333,000	3,797,530	4,056,239	2,589,637	1,605,200	723,138	484,564	493,672	352,141	282,127	184,968	71,713	11,941	16,432	0	-	-
Non Current Assets Total	3,503,000	2,960,000	3,015,475	2,521,680	2,621,819	2,398,418	2,388,992	2,567,871	2,561,606	248,393	292,551	98,834	30,965	5,842	5,300	6,200	9,300	9,200
Non Current Liabilities Other	60,000	151,000	4,503	207,723	220,445	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Current Liabilities Total	1,155,000	1,811,000	1,471,694	1,836,103	1,776,035	736,439	451,307	518,848	376,225	11,755	6,882	3,485	1,465	335	606	0	-	-
Non Currrent Assets Other	44,000	35,000	117,124	57,894	63,703	62,435	25,934	18,639	8,035	358	346	279	245	25	16	-6,200	-9,300	-9,200
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Assets	0	30,000	42,021	57,894	53,703	52,435	25,934	7,586	8,035	358	0	0	0	0	0	4,000	3,400	3,000
Other Current Assets	140,000	126,000	153,555	75,846	58,117	61,067	24,590	34,817	24,016	10,059	4,987	2,652	3,214	410	349	0	-	-
Other Current Liab	154,000	138,000	269,923	142,153	123,247	94,489	80,482	62,484	54,439	23,618	15,817	8,832	6,540	2,196	1,646	0	-	-
Other Liab	0	12,000	4,503	14,857	12,188	37,419	65,891	151,444	146,225	11,755	0	0	0	0	0	0	-	-
Other Stockholder Equity	6,301,000	6,109,000	7,001,084	5,880,883	4,412,200	3,939,842	3,254,146	3,030,854	2,956,111	783,210	699,228	387,494	208,831	122,446	114,705	-63,600	-102,000	-79,600
Preferred Stock Redeemable	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	-	-
Property Plant And Equipment Gross	612,000	271,000	214,555	384,112	382,642	135,172	112,271	98,288	89,639	41,600	27,408	13,634	7,227	4,929	4,409	6,200	9,300	9,200
Property Plant And Equipment Net	401,000	397,000	344,487	384,112	382,642	135,172	112,271	98,288	89,639	41,600	27,408	13,634	7,227	4,929	4,409	6,200	9,300	9,200
Property Plant Equipment	0	271,000	214,555	196,152	170,489	135,172	112,271	98,288	89,639	41,600	0	0	0	0	0	0	-	-
Retained Earnings	-1,770,000	-1,612,000	-1,667,032	-1,139,255	-977,140	-671,779	-592,243	-497,043	-276,605	-127,731	-84,121	-71,668	-77,607	-78,709	-71,935	0	-	-
Retained Earnings Total Equity	0	-1,612,000	-1,667,032	-1,139,255	-977,140	-671,779	-592,243	-497,043	-276,605	0	0	0	0	0	0	0	-	-
Short Long Term Debt	700,000	37,000	3,520,309	670,209	731,588	149,718	385,416	367,404	230,000	0	0	0	0	0	0	0	-	-
Short Long Term Debt Total	1,832,000	1,867,000	5,011,003	2,519,765	2,513,027	848,738	385,416	367,404	230,000	0	0	0	0	0	0	0	-	-
Short Term Debt	737,000	68,000	3,543,812	698,519	749,180	149,718	385,416	367,404	230,000	0	0	0	0	0	0	0	-	-
Short Term Investments	1,318,000	1,896,000	513,922	2,218,108	1,280,989	903,867	410,444	262,870	291,151	246,829	93,531	44,054	28,925	1,499	11,652	0	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Assets	6,652,000	6,563,000	10,695,454	7,486,560	6,131,973	4,291,116	3,230,517	3,149,677	3,135,700	649,730	608,063	304,235	116,668	24,013	24,608	34,500	54,400	42,900
Total Current Assets	3,149,000	3,603,000	7,679,979	4,964,880	3,510,154	1,892,698	841,525	581,806	574,094	401,337	315,512	205,401	85,703	18,171	19,308	24,300	41,700	30,700
Total Current Liabilities	971,000	270,000	3,882,449	908,641	920,517	287,498	118,387	97,242	80,422	49,196	33,385	20,433	13,990	6,230	2,876	0	-	-
Total Liab	2,126,000	2,081,000	5,354,143	2,744,744	2,696,552	1,023,937	569,694	616,090	456,647	60,951	40,267	23,918	15,455	6,565	3,482	0	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	4,526,000	4,482,000	5,341,311	4,741,816	3,435,421	3,267,179	2,660,823	2,533,587	2,679,053	588,779	567,796	280,317	101,213	17,448	21,126	95,400	153,000	119,400
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-

	2024-03-31	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
Accounts Payable	34,000	28,000	28,000	21,000	21,000	20,000	19,000	16,000	24,000	17,230	30,891	15,640	17,044	18,974	19,352	14,307	17,819	8,343	9,717	8,028	7,708	7,471	5,846	5,928	5,194	3,587	4,915	2,037	4,157	4,257	6,697	17,144	4,995	3,361	6,124	11,908	13,661	9,358	13,366	14,279	6,403	4,724	3,987	5,817	4,399	3,158	2,660	3,472	1,268	1,681	3,734	2,524	1,267	750	0	0	0	-	-	-	-
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	-	-	-	-
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	-	-	-	-
Accumulated Other Comprehensive Income	-11,000	-5,000	-21,000	-19,000	-3,000	-15,000	-19,000	-13,000	-1,000	7,234	151	305	454	164	461	1,525	4,286	340	784	896	197	-905	-1,661	-1,275	-1,454	-1,100	-345	-444	-267	-242	198	377	169	-471	270	117	138	-66,704	-61,671	-55,504	-51,335	-47,315	-42,767	-41,207	-38,028	-35,513	-32,762	-33,528	-31,598	-30,014	-28,636	-29,090	-27,550	-26,294	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	-	-	-	-
Capital Lease Obligations	119,000	132,000	147,000	155,000	162,000	170,000	171,000	178,000	179,000	171,470	203,870	221,854	229,227	236,033	242,810	237,541	236,412	238,037	241,926	230,387	121,966	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Stock	0	0	0	0	0	0	0	0	0	25	26	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,174,000	6,157,000	6,109,000	6,154,000	6,167,000	6,298,000	7,001,084	7,176,633	6,721,435	6,596,850	5,880,883	5,488,161	5,246,371	4,551,866	4,412,200	4,327,003	4,088,470	4,022,218	3,939,842	3,894,757	3,428,541	3,340,387	3,254,146	3,204,383	3,155,202	3,071,664	3,030,854	3,065,042	3,022,736	2,985,478	2,956,111	0	2,895,155	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Cash	1,442,000	1,492,000	1,846,000	1,566,000	1,394,000	1,466,000	1,973,000	2,181,000	2,594,000	2,611,499	2,195,366	3,713,156	3,401,762	1,703,130	1,904,785	2,045,474	1,567,710	1,141,263	1,791,918	766,698	736,507	651,058	643,792	431,045	397,393	352,095	319,942	276,465	261,524	243,592	190,760	155,210	232,443	229,138	233,539	302,272	307,852	125,765	122,765	138,289	153,654	201,760	318,888	131,552	131,948	150,040	188,858	25,792	54,300	47,926	95,813	16,161	11,055	12,278	0	0	0	-	-	-	-
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	-	-	-	-
Cash And Short Term Investments	2,920,000	2,810,000	3,267,000	3,311,000	3,369,000	3,362,000	3,489,000	3,543,000	3,626,000	3,125,421	3,215,449	4,594,031	4,695,813	3,921,238	3,790,170	3,536,641	2,560,968	2,422,252	2,323,597	1,439,727	1,517,470	1,554,925	1,643,033	899,586	822,986	762,539	680,980	598,928	559,044	506,462	444,605	420,143	513,661	520,289	536,759	624,967	628,433	372,594	366,320	358,066	309,414	295,291	365,042	169,690	179,050	194,094	228,882	69,602	83,080	76,851	95,813	16,161	15,554	13,777	0	0	0	-	-	-	-
Common Stock	0	0	0	0	0	0	0	0	0	25	26	25	25	24	24	23	22	21	21	21	21	21	20	20	20	20	20	19	18	18	18	18	18	18	18	6	6	4	4	4	4	4	4	4	4	4	4	3	3	3	3	1	2	1	0	0	0	-	-	-	-
Common Stock Shares Outstanding	234,695	232,972	233,295	233,629	234,425	236,246	240,080	245,163	251,963	254,013	265,112	261,496	259,346	251,499	242,632	219,467	210,674	208,204	207,002	205,754	204,514	203,561	202,416	194,155	191,464	189,439	196,425	185,439	183,158	181,852	189,661	179,451	178,686	178,020	177,098	176,142	147,390	121,800	120,888	119,400	117,966	126,348	110,001	103,659	101,310	108,876	96,690	93,960	92,982	92,982	72,060	72,318	40,041	67,869	38,409	37,980	72,318	26,900	26,900	26,900	26,900
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	25	26	25	25	24	24	23	22	21	21	21	21	21	20	20	20	20	20	19	18	18	18	18	18	18	18	6	6	4	4	4	4	4	4	4	4	4	4	3	3	3	3	1	2	1	0	0	0	-	-	-	-
Current Deferred Revenue	58,000	52,000	48,000	49,000	49,000	44,000	50,000	52,000	56,000	51,484	54,200	53,547	54,192	48,995	49,153	44,514	35,347	39,747	41,955	37,080	36,105	35,820	38,525	38,542	37,723	34,318	32,990	32,660	32,326	30,501	28,241	26,866	25,952	22,622	20,980	24,347	24,736	16,220	15,555	14,772	12,772	12,844	11,091	9,457	7,905	8,443	8,720	8,699	6,533	5,769	5,734	5,647	4,762	3,284	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	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	23,000	25,000	27,000	31,000	35,465	41,225	47,938	50,182	14,857	50,488	14,192	2,433	12,188	13,796	15,123	15,264	37,419	39,910	54,824	65,375	65,891	152,159	150,793	149,530	151,444	148,504	147,541	146,232	146,225	0	157,045	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	2,817,000	2,817,000	2,416,000	2,374,000	2,374,000	2,374,000	2,374,000	2,374,000	2,374,000	2,373,792	2,374,801	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,984,907	1,931,076	1,931,076	1,931,076	1,931,076	1,931,260	1,927,450	1,927,450	1,923,480	1,923,480	1,919,777	1,919,777	1,909,167	1,909,820	1,832,961	1,833,427	96,352	96,352	96,352	93,213	93,213	93,199	54,284	54,284	54,284	35,375	35,432	3,676	3,676	1,140	1,140	1,140	0	0	0	0	-	-	-	-
Intangible Assets	525,000	241,000	162,000	153,000	154,000	154,000	149,000	153,000	165,000	180,072	195,038	81,362	87,711	94,767	100,649	106,990	112,274	190,567	197,527	202,824	207,933	215,904	290,887	299,228	307,919	319,711	505,696	514,513	525,771	527,464	537,177	539,965	549,267	554,765	563,540	565,345	569,125	26,757	24,864	26,455	27,740	29,149	30,262	19,597	20,241	21,248	9,069	9,655	4,289	4,532	1,714	1,934	1,518	888	0	0	0	-	-	-	-
Inventory	-5,000	103,000	99,000	75,000	50,000	43,000	0	23,000	494,000	3,912,662	3,758,207	1,169,601	472,397	491,293	193,283	135,401	533,989	836,627	879,353	552,823	325,154	162,829	43,257	5,666	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	6,823,000	6,652,000	6,656,000	6,618,000	6,614,000	6,563,000	6,718,000	6,783,000	7,820,000	10,695,454	10,837,639	8,775,421	8,255,902	7,486,560	6,843,575	6,449,788	5,871,740	6,131,973	6,075,988	4,825,920	4,539,566	4,291,116	4,202,457	3,426,173	3,344,137	3,230,517	3,340,701	3,260,085	3,197,094	3,149,677	3,064,504	3,037,101	3,135,253	3,135,700	3,162,449	3,169,862	3,168,194	649,730	649,210	641,473	621,542	608,063	591,661	317,532	309,627	304,235	298,352	135,153	123,273	116,668	113,922	33,902	28,625	24,013	0	0	0	-	-	-	-
Long Term Debt	1,001,000	1,000,000	1,057,000	1,663,000	1,661,000	1,660,000	1,659,000	1,657,000	1,656,000	1,319,224	1,766,238	1,276,487	1,597,205	1,613,523	1,838,010	1,810,341	1,565,949	1,543,402	1,478,719	716,819	707,860	699,020	690,338	394,420	389,624	385,416	380,795	376,259	371,757	367,404	230,000	230,000	230,000	230,000	230,000	230,000	230,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	0	0	1,663,000	1,661,000	1,660,000	1,659,000	1,657,000	1,656,000	1,319,224	1,766,238	1,276,487	1,597,205	1,613,523	1,838,010	1,810,341	1,565,949	1,543,402	1,478,719	716,819	707,860	699,020	690,338	394,420	389,624	385,416	380,795	376,259	371,757	367,404	230,000	230,000	230,000	230,000	0	230,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	20,000	0	0	0	10,000	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	-	-	-	-
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	-	-	-	-
Net Debt	409,000	340,000	56,000	318,000	471,000	401,000	-98,000	-291,000	119,000	2,399,504	2,449,077	-896,888	-913,155	816,635	416,016	199,077	710,935	1,371,764	657,123	620,364	367,338	197,680	71,220	-36,625	-7,769	33,321	60,853	99,794	110,233	123,812	39,240	74,790	-2,443	862	-3,539	-72,272	-77,852	-125,765	-122,765	-138,289	-153,654	-201,760	-318,888	-131,552	-131,948	-150,040	-188,858	-25,792	-54,300	-47,926	-95,813	-16,161	-11,055	-12,278	0	0	0	-	-	-	-
Net Invested Capital	6,397,000	6,226,000	6,284,000	6,215,000	6,223,000	6,179,000	6,299,000	6,379,000	7,336,000	10,180,844	10,211,559	8,238,529	7,769,418	7,025,548	6,381,346	6,030,068	5,457,994	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Receivables	100,000	96,000	97,000	90,000	75,000	72,000	78,000	74,000	99,000	154,937	161,080	101,927	82,461	69,940	79,642	66,878	71,782	67,005	77,674	82,261	70,605	66,083	66,337	64,083	54,558	54,396	53,951	47,716	41,868	40,527	39,939	35,494	32,270	29,789	33,568	35,198	31,267	18,684	21,794	19,885	14,859	15,234	15,712	13,083	9,499	8,655	8,639	7,775	6,140	5,638	6,115	5,307	3,729	3,984	0	0	0	-	-	-	-
Net Tangible Assets	0	0	0	4,486,000	4,520,000	4,482,000	4,595,000	2,140,000	4,802,000	5,341,311	5,770,986	3,577,846	3,437,420	2,662,142	2,217,799	1,931,161	1,318,580	1,259,947	1,269,444	1,090,375	1,090,292	1,066,368	1,097,056	623,377	529,446	410,036	252,036	188,540	115,765	82,643	131,049	83,030	192,411	215,121	0	272,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Working Capital	2,321,000	2,178,000	2,671,000	3,298,000	3,359,000	3,333,000	3,459,000	3,540,000	3,588,000	3,797,530	4,720,633	4,639,203	4,820,168	4,056,239	3,839,958	3,516,489	2,646,175	2,589,637	2,551,197	1,615,129	1,608,680	1,605,200	1,641,544	884,256	801,550	723,138	646,190	584,093	523,650	484,564	407,488	354,577	469,371	493,672	488,549	569,678	569,715	352,141	343,574	336,885	292,560	282,127	354,744	163,254	173,568	184,968	221,492	58,874	77,497	71,713	87,621	9,782	10,332	11,941	0	0	0	-	-	-	-
Non Current Assets Total	3,501,000	3,503,000	3,044,000	2,987,000	2,968,000	2,960,000	2,947,000	2,939,000	3,030,000	3,015,475	3,006,738	2,489,701	2,502,322	2,521,680	2,537,449	2,545,854	2,554,090	2,621,819	2,617,185	2,606,512	2,499,981	2,398,418	2,407,723	2,418,669	2,421,890	2,388,992	2,575,756	2,573,462	2,566,623	2,567,871	2,562,722	2,565,736	2,568,316	2,561,606	2,566,917	2,487,809	2,483,459	248,393	252,175	257,058	290,452	292,551	205,902	131,678	116,633	98,834	57,608	56,159	31,902	30,965	11,146	11,764	8,649	5,842	0	0	0	-	-	-	-
Non Current Liabilities Other	64,000	60,000	10,000	136,000	146,000	151,000	152,000	155,000	160,000	4,503	190,147	208,302	215,247	207,723	214,503	214,752	216,122	220,445	223,989	211,593	102,405	0	0	0	0	0	0	0	0	0	0	0	0	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	1,157,000	1,155,000	1,186,000	1,799,000	1,807,000	1,811,000	1,811,000	1,812,000	1,816,000	1,471,694	1,956,385	1,484,789	1,812,452	1,836,103	2,074,052	2,039,285	1,784,504	1,776,035	1,716,504	943,535	825,529	736,439	730,248	449,244	454,999	451,307	532,954	527,052	521,287	518,848	378,504	377,541	376,232	376,225	382,025	387,045	385,204	11,755	10,549	10,248	7,493	6,882	3,395	3,308	3,651	3,485	2,950	2,247	1,756	1,465	1,100	405	301	335	0	0	0	-	-	-	-
Non Currrent Assets Other	-250,000	44,000	39,000	43,000	36,000	35,000	36,000	33,000	117,000	117,124	75,608	58,424	58,860	57,894	59,861	58,788	63,189	63,703	61,936	62,769	62,939	62,435	61,479	70,123	68,067	25,934	28,059	28,495	18,457	18,639	8,020	7,195	6,433	8,035	7,812	8,087	7,971	358	494	434	436	346	381	312	254	279	286	407	223	245	40	3,146	997	25	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	-	-	-	-
Other Assets	0	0	0	0	0	30,000	36,000	33,000	117,000	42,021	50,706	58,424	58,860	57,894	59,861	58,788	53,189	53,703	51,936	52,769	62,939	52,435	51,479	60,123	58,067	5,934	27,006	27,442	17,404	7,586	6,967	6,142	5,380	8,035	1,073	1,452	1,171	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Assets	302,000	140,000	149,000	155,000	152,000	126,000	204,000	204,000	571,000	153,555	143,756	107,687	107,877	75,846	73,604	56,373	57,635	58,117	66,413	62,062	69,292	61,067	38,904	38,169	44,703	24,590	30,014	39,979	29,559	34,817	17,238	15,728	21,006	24,016	25,205	21,888	25,035	10,059	8,921	6,464	6,817	4,987	5,005	3,081	4,445	2,652	3,223	1,617	2,151	3,214	848	670	693	410	0	0	0	-	-	-	-
Other Current Liab	151,000	154,000	139,000	168,000	146,000	138,000	168,000	153,000	221,000	269,923	321,405	231,440	171,536	142,153	129,375	109,166	121,735	123,247	109,601	100,521	93,512	94,489	84,145	78,778	77,780	80,482	80,850	67,833	70,338	62,484	59,356	72,778	66,619	54,439	79,879	76,120	76,623	23,618	24,540	18,479	19,355	15,817	15,937	7,326	7,122	8,832	7,872	7,949	6,073	6,540	5,687	4,185	3,615	2,196	0	0	0	-	-	-	-
Other Liab	0	0	0	0	0	12,000	11,000	5,000	4,000	4,503	15,714	14,411	14,485	14,857	21,539	14,192	2,433	12,188	13,796	15,123	15,264	37,419	39,910	54,824	65,375	65,891	152,159	150,793	0	151,444	0	0	0	146,225	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	6,469,000	6,301,000	6,247,000	6,174,000	6,157,000	6,109,000	6,154,000	6,167,000	6,298,000	7,001,084	7,176,633	6,721,435	6,596,850	5,880,883	5,488,161	5,246,371	4,551,866	4,412,200	4,327,003	4,088,470	4,022,218	3,939,842	3,894,757	3,428,541	3,340,387	3,254,146	3,204,383	3,155,202	3,071,664	3,030,854	3,065,042	3,022,736	2,985,478	2,956,111	2,924,038	2,895,155	2,853,941	783,210	763,701	740,052	717,230	699,228	686,850	418,474	399,989	387,494	381,125	220,862	215,121	208,831	204,831	128,185	125,763	122,446	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	-	-	-	-
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	-	-	-	-
Property Plant And Equipment Gross	150,000	612,000	427,000	309,000	290,000	271,000	261,000	246,000	234,000	214,555	202,450	365,008	370,844	384,112	392,032	395,169	393,720	382,642	372,815	356,012	244,202	135,172	124,281	118,242	114,828	112,271	110,741	103,004	94,945	98,288	94,045	98,799	92,839	89,639	85,745	81,416	72,936	41,600	38,335	34,011	31,114	27,408	22,528	19,117	16,773	13,634	12,878	10,665	8,484	7,227	8,252	5,544	4,994	4,929	0	0	0	-	-	-	-
Property Plant And Equipment Net	409,000	401,000	427,000	417,000	404,000	397,000	388,000	379,000	374,000	344,487	361,291	365,008	370,844	384,112	392,032	395,169	393,720	382,642	372,815	356,012	244,202	135,172	124,281	118,242	114,828	112,271	110,741	103,004	94,945	98,288	94,045	98,799	92,839	89,639	85,745	81,416	72,936	41,600	38,335	34,011	31,114	27,408	22,528	19,117	16,773	13,634	12,878	10,665	8,484	7,227	8,252	5,544	4,994	4,929	0	0	0	-	-	-	-
Property Plant Equipment	0	0	0	309,000	290,000	271,000	261,000	379,000	234,000	214,555	202,450	189,950	190,234	196,152	392,032	195,747	188,032	170,489	154,251	145,932	142,146	135,172	124,281	118,242	114,828	112,271	110,741	103,004	94,945	98,288	94,045	98,799	92,839	89,639	85,745	81,416	72,936	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	-1,793,000	-1,770,000	-1,697,000	-1,669,000	-1,634,000	-1,612,000	-1,540,000	-1,487,000	-1,495,000	-1,667,032	-1,405,824	-1,077,650	-1,087,291	-1,139,255	-1,185,291	-1,224,861	-1,140,413	-977,140	-875,930	-811,281	-739,304	-671,779	-574,097	-573,605	-570,512	-592,243	-515,066	-524,274	-502,429	-497,043	-473,552	-480,359	-324,210	-276,605	-250,885	-224,836	-186,115	-127,731	-116,834	-100,857	-90,380	-84,121	-86,836	-85,647	-75,415	-71,668	-72,217	-74,551	-75,883	-77,607	-78,531	-77,959	-79,535	-78,709	0	0	0	-	-	-	-
Retained Earnings Total Equity	0	0	0	-1,669,000	-1,634,000	-1,612,000	-1,540,000	-1,487,000	-1,495,000	-1,667,032	-1,405,824	-1,077,650	-1,087,291	-1,139,255	-1,185,291	-1,224,861	-1,140,413	-977,140	-875,930	-811,281	-739,304	-671,779	-574,097	-573,605	-570,512	-592,243	-515,066	-524,274	-502,429	-497,043	-473,552	-480,359	-324,210	-276,605	0	-224,836	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	731,000	700,000	698,000	66,000	42,000	37,000	45,000	55,000	878,000	3,520,309	2,674,335	1,317,927	662,175	670,209	239,981	196,669	476,284	731,588	728,396	439,856	274,019	0	0	394,420	389,624	385,416	380,795	376,259	0	367,404	0	0	0	230,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt Total	1,851,000	1,832,000	1,902,000	1,884,000	1,865,000	1,867,000	1,875,000	1,890,000	2,713,000	5,011,003	4,644,443	2,816,268	2,488,607	2,519,765	2,320,801	2,244,551	2,278,645	2,513,027	2,449,041	1,387,062	1,103,845	848,738	715,012	394,420	389,624	385,416	380,795	376,259	371,757	367,404	230,000	230,000	230,000	230,000	230,000	230,000	230,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Term Debt	758,000	737,000	726,000	95,000	71,000	68,000	75,000	83,000	901,000	3,543,812	2,703,772	1,345,890	690,640	698,519	268,288	219,458	496,574	749,180	746,333	458,650	293,580	149,718	24,674	394,420	389,624	385,416	380,795	376,259	0	367,404	0	0	0	230,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Term Investments	1,478,000	1,318,000	1,421,000	1,745,000	1,975,000	1,896,000	1,516,000	1,362,000	1,032,000	513,922	1,020,083	880,875	1,294,051	2,218,108	1,885,385	1,491,167	993,258	1,280,989	531,679	673,029	780,963	903,867	999,241	468,541	425,593	410,444	361,038	322,463	297,520	262,870	253,845	264,933	281,218	291,151	303,220	322,695	320,581	246,829	243,555	219,777	155,760	93,531	46,154	38,138	47,102	44,054	40,024	43,810	28,780	28,925	0	0	4,499	1,499	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	6,823,000	6,652,000	6,656,000	6,618,000	6,614,000	6,563,000	6,718,000	6,783,000	7,820,000	10,695,454	10,837,639	8,775,421	8,255,902	7,486,560	6,843,575	6,449,788	5,871,740	6,131,973	6,075,988	4,825,920	4,539,566	4,291,116	4,202,457	3,426,173	3,344,137	3,230,517	3,340,701	3,260,085	3,197,094	3,149,677	3,064,504	3,037,101	3,135,253	3,135,700	3,162,449	3,169,862	3,168,194	649,730	649,210	641,473	621,542	608,063	591,661	317,532	309,627	304,235	298,352	135,153	123,273	116,668	113,922	33,902	28,625	24,013	0	0	0	-	-	-	-
Total Current Assets	3,322,000	3,149,000	3,612,000	3,631,000	3,646,000	3,603,000	3,771,000	3,844,000	4,790,000	7,679,979	7,830,901	6,285,720	5,753,580	4,964,880	4,306,126	3,903,934	3,317,650	3,510,154	3,458,803	2,219,408	2,039,585	1,892,698	1,794,734	1,007,504	922,247	841,525	764,945	686,623	630,471	581,806	501,782	471,365	566,937	574,094	595,532	682,053	684,735	401,337	397,035	384,415	331,090	315,512	385,759	185,854	192,994	205,401	240,744	78,994	91,371	85,703	102,776	22,138	19,976	18,171	0	0	0	-	-	-	-
Total Current Liabilities	1,001,000	971,000	941,000	333,000	287,000	270,000	312,000	304,000	1,202,000	3,882,449	3,110,268	1,646,517	933,412	908,641	466,168	387,445	671,475	920,517	907,606	604,279	430,905	287,498	153,190	123,248	120,697	118,387	118,755	102,530	106,821	97,242	94,294	116,788	97,566	80,422	106,983	112,375	115,020	49,196	53,461	47,530	38,530	33,385	31,015	22,600	19,426	20,433	19,252	20,120	13,874	13,990	15,155	12,356	9,644	6,230	0	0	0	-	-	-	-
Total Liab	2,158,000	2,126,000	2,127,000	2,132,000	2,094,000	2,081,000	2,123,000	2,116,000	3,018,000	5,354,143	5,066,653	3,131,306	2,745,864	2,744,744	2,540,220	2,426,730	2,455,979	2,696,552	2,624,110	1,547,814	1,256,434	1,023,937	883,438	572,492	575,696	569,694	651,709	629,582	628,108	616,090	472,798	494,329	473,798	456,647	489,008	499,420	500,224	60,951	64,010	57,778	46,023	40,267	34,410	25,908	23,077	23,918	22,202	22,367	15,630	15,455	16,255	12,761	9,945	6,565	0	0	0	-	-	-	-
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	-	-	-	-
Total Stockholder Equity	4,665,000	4,526,000	4,529,000	4,486,000	4,520,000	4,482,000	4,595,000	4,667,000	4,802,000	5,341,311	5,770,986	5,644,115	5,510,038	4,741,816	4,303,355	4,023,058	3,415,761	3,435,421	3,451,878	3,278,106	3,283,132	3,267,179	3,319,019	2,853,681	2,768,441	2,660,823	2,688,992	2,630,503	2,568,986	2,533,587	2,591,706	2,542,772	2,661,455	2,679,053	2,673,441	2,670,442	2,667,970	588,779	585,200	583,695	575,519	567,796	557,251	291,624	286,550	280,317	276,150	112,786	107,643	101,213	97,667	21,141	18,680	17,448	0	0	0	-	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
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	-	-	-	-

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
Begin Period Cash Flow	1,468,000	2,838,000	1,778,935	1,230,909	663,443	352,095	243,592	229,138	125,765	201,760	150,040	47,926	12,278	4,439	23,050	41,700
Capital Expenditures	165,000	140,000	104,399	108,517	86,635	78,535	78,635	71,722	68,108	44,242	25,972	16,750	8,821	5,526	4,077	4,800
Cash And Cash Equivalents Changes	0	-1,370,000	1,059,215	548,026	567,466	311,348	108,503	14,454	103,373	0	0	0	0	0	0	0
Cash Flows Other Operating	0	34,000	-72,142	86,770	9,501	-39,448	17,892	-11,530	-761	0	0	0	0	0	0	0
Change In Cash	27,000	-1,370,000	1,059,215	548,026	567,466	311,348	108,503	14,454	103,373	-75,995	51,720	102,114	35,648	7,839	-18,611	-18,700
Change In Working Capital	-165,000	3,891,000	-3,753,473	42,908	-703,088	-233,478	5,916	-8,924	-38,773	5,206	-2,669	2,489	677	1,925	787	-1,500
Change Receivables	0	82,000	-82,312	-5,585	-3,694	-12,556	-21,203	-13,324	-1,051	0	0	0	0	0	0	0
Change To Account Receivables	-24,000	82,000	-82,312	-5,585	-3,694	-12,556	-21,203	-13,324	-1,051	-5,979	-7,571	-3,458	-2,208	-1,356	-607	0
Change To Inventory	-127,000	3,904,000	-3,826,713	345,277	-673,798	-162,829	29,807	-16,713	-20,110	3,493	-505	2,426	-422	477	693	0
Change To Liabilities	0	-121,000	67,986	48,329	24,466	16,484	16,312	17,660	-36,961	7,692	0	0	0	0	0	0
Change To Netincome	0	523,000	1,030,047	-103,052	203,492	200,307	211,012	133,315	129,880	48,299	0	0	0	0	0	0
Change To Operating Activities	0	-91,000	150,064	-319,004	-30,767	-61,566	24,859	-4,250	-24,130	3,493	0	0	0	0	0	0
Depreciation	222,000	180,000	152,485	134,369	110,609	99,391	110,155	100,590	75,386	35,624	23,254	12,773	7,190	5,262	6,407	8,100
Dividends Paid	72,000	1,188,000	4,883,748	0	65,462	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,495,000	1,468,000	2,838,150	1,778,935	1,230,909	663,443	352,095	243,592	229,138	125,765	201,760	150,040	47,926	12,278	4,439	23,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	189,000	4,364,000	-3,281,093	315,680	-698,809	-74,685	179,556	-63,077	-45,449	1,277	5,326	15,548	6,005	-3,268	-8,294	-17,800
Investments	-71,000	-1,389,000	1,689,998	-939,972	-369,419	-488,966	-157,805	17,160	-299,398	-97,695	0	0	0	0	0	0
Issuance Of Capital Stock	0	-443	544,557	411,522	0	360,345	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-3,364,000	2,975,360	28,156	1,572,822	451,788	481,202	40,933	77,549	77,549	0	0	0	0	0	0
Net Income	-158,000	-101,000	-527,777	-162,115	-305,361	-119,858	-94,420	-220,438	-148,874	-43,610	-12,453	5,939	1,102	-6,774	-12,855	-21,200
Other Cashflows From Financing Activities	56,000	1,188,000	9,767,367	1,624,606	1,686,487	569,792	97,706	441,763	-1,867,455	23,923	18,350	7,448	8,417	950	100	-5,800
Other Cashflows From Investing Activities	0	-29,000	-528,414	-13,577	-19,591	-67,619	-22,861	-20,819	418,820	3,931	0	0	0	0	0	0
Other Non Cash Items	24,000	83,000	643,131	219,008	91,022	139,813	212,555	31,869	32,559	4,415	3,841	2,155	4,082	-31	-251	1,600
Sale Purchase Of Stock	-424,000	-947,000	-302,297	855,550	-3	480,419	98,071	31,211	24,423	23,923	0	0	0	0	0	100
Stock Based Compensation	451,000	451,000	311,686	197,550	198,902	149,084	113,571	106,918	105,214	34,085	23,436	6,611	1,945	1,715	1,651	0
Total Cash From Financing Activities	-352,000	-4,341,000	3,147,630	1,162,318	1,635,694	930,137	97,706	71,528	16,273	23,923	272,249	164,174	79,205	950	100	100
Total Cash From Operating Activities	354,000	4,504,000	-3,176,694	424,197	-612,174	3,850	258,191	8,645	22,659	45,519	31,298	32,298	14,826	2,258	-4,217	-13,000
Total Cashflows From Investing Activities	0	-1,533,000	1,088,279	-1,038,489	-456,054	-622,639	-247,394	-65,719	64,441	-145,437	0	0	0	0	0	0

	2024-03-31	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
Begin Period Cash Flow	1,495,000	1,849,000	1,568,000	1,396,000	1,468,000	1,975,000	2,183,000	2,686,000	2,838,000	2,526,385	3,854,180	3,522,475	1,778,935	1,948,888	2,079,094	1,624,138	1,230,909	1,866,922	810,580	764,102	663,443	646,995	431,045	397,393	352,095	319,942	276,465	261,524	243,592	190,760	155,210	232,443	229,138	233,539	302,272	307,852	125,765	122,765	138,289	153,654	201,760	318,888	131,552	131,948	150,040	188,858	25,792	54,300	47,926	95,813	16,161	11,055	12,278	7,260	4,066	4,298	4,439
Capital Expenditures	46,000	40,000	41,000	44,000	40,000	36,000	33,000	33,000	38,000	34,649	35,206	18,574	15,970	18,871	23,585	28,592	37,469	26,372	21,664	21,128	17,471	25,874	16,672	19,100	16,889	17,678	22,565	18,921	19,471	18,163	16,845	19,788	16,926	14,603	19,953	22,947	10,605	16,793	9,944	8,486	9,019	6,909	6,360	6,074	6,629	4,573	4,591	4,557	3,029	356	4,355	2,744	1,366	1,390	1,214	1,598	1,324
Cash And Cash Equivalents Changes	0	0	0	172,000	-72,000	-507,000	-208,000	-503,000	-152,000	311,765	-1,327,795	331,705	1,743,540	-169,953	-130,206	454,956	393,229	-636,013	1,056,342	46,478	100,659	16,448	215,950	33,652	45,298	0	43,477	14,941	17,932	0	35,550	-77,233	3,305	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	-24,000	-24,000	15,000	3,000	257,000	-241,000	-11,822	-30,588	-7,367	-22,365	75,891	-2,815	17,526	-3,832	6,021	4,321	8,598	-9,439	-30,445	7,599	8,555	-25,157	0	11,601	-9,022	4,927	0	-2,934	5,742	2,701	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	-53,000	-354,000	281,000	172,000	-72,000	-507,000	-208,000	-503,000	-152,000	311,765	-1,327,795	331,705	1,743,540	-169,953	-130,206	454,956	393,229	-636,013	1,056,342	46,478	100,659	16,448	215,950	33,652	45,298	32,153	43,477	14,941	17,932	52,832	35,550	-77,233	3,305	-4,401	-68,733	-5,580	182,087	3,000	-15,524	-15,365	-48,106	-117,128	187,336	-396	-18,092	-38,818	163,066	-28,508	6,374	-47,887	79,652	5,106	-1,223	5,018	3,194	-232	-141
Change In Working Capital	-70,000	-30,000	-60,000	-36,000	-39,000	-11,000	23,000	690,000	3,189,000	-286,330	-2,944,019	-570,422	47,298	-504,754	-102,902	365,592	284,972	50,712	-323,355	-246,182	-184,263	-139,119	-48,267	-16,775	-29,317	4,346	16,937	-26,918	11,551	-15,541	-26,794	19,782	13,629	-37,393	-3,143	2,783	-1,020	-3,017	932	4,412	2,879	1,752	-878	522	-4,065	1,316	-3,460	4,385	248	-3,810	1,402	695	2,390	297	1,382	-169	415
Change Receivables	0	0	0	-16,000	-3,000	6,000	-5,000	25,000	56,000	6,306	-55,807	-20,162	-12,649	8,898	-12,996	3,848	-5,335	9,791	3,399	-12,234	-4,650	438	-3,659	-9,440	105	0	-8,123	-9,090	-2,059	0	-5,162	-3,838	-2,770	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	-4,000	2,000	-7,000	-16,000	-3,000	6,000	-5,000	25,000	56,000	6,306	-55,807	-20,162	-12,649	8,898	-12,996	3,848	-5,335	9,791	3,399	-12,234	-4,650	438	-3,659	-9,440	105	-1,931	-8,123	-9,090	-2,059	-1,554	-5,162	-3,838	-2,770	2,958	1,017	-4,730	-296	2,280	-2,383	-5,616	-260	-304	-2,074	-3,935	-1,258	88	-1,149	-1,796	-601	308	-1,015	-1,735	234	27	-242	-908	-233
Change To Inventory	0	-19,000	-56,000	0	0	-3,895,000	23,000	467,000	3,414,000	-256,634	-2,892,333	-696,639	18,893	-297,988	-57,880	398,552	302,593	42,726	-326,530	-227,669	-162,325	-119,572	-37,591	1,118	-26,670	12,158	22,291	-14,062	9,420	-13,143	-12,779	6,457	2,752	-38,179	5,139	14,730	-1,800	-1,924	3,544	255	1,618	-123	1,586	1,510	-3,478	1,407	-1,521	2,042	498	-1,991	1,120	288	161	105	460	63	-151
Change To Liabilities	0	0	0	20,000	7,000	-27,000	24,000	-11,000	-40,000	-124,004	101,043	66,487	24,460	6,593	9,374	-1,240	6,767	6,952	8,544	9,573	-603	11,478	4,031	-966	1,941	2,260	14,781	-7,246	8,873	8,650	-19,707	19,206	13,691	-13,592	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	0	108,000	94,000	124,000	139,000	107,000	121,000	358,115	349,951	198,810	123,171	-222,811	51,307	4,850	113,970	49,123	45,773	37,200	71,396	107,459	29,410	28,561	34,877	218,528	32,536	33,460	28,112	136,534	25,231	29,664	28,664	134,920	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	0	0	0	-13,000	5,000	209,000	-292,000	-20,094	-10,047	142,113	38,092	-216,239	-41,400	-45,806	-15,559	3,898	-6,842	-8,643	-19,180	-17,163	-7,455	-2,475	-34,473	24,859	22,982	-16,098	4,737	-4,250	0	0	0	-24,130	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	64,000	70,000	55,000	51,000	46,000	42,000	40,000	49,000	49,000	46,747	34,954	34,535	36,249	34,028	32,411	32,439	35,491	30,011	28,298	27,335	24,965	23,090	23,375	26,020	26,906	28,579	27,419	27,022	27,135	25,738	25,495	25,550	23,807	21,355	19,584	20,419	14,028	9,915	9,039	8,596	8,074	7,443	5,877	5,155	4,779	4,071	3,617	2,749	2,336	1,761	2,035	1,868	1,526	1,366	1,314	1,354	1,228
Dividends Paid	0	16,000	42,000	34,000	3,000	0	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,442,000	1,495,000	1,849,000	1,568,000	1,396,000	1,468,000	1,975,000	2,183,000	2,686,000	2,838,150	2,526,385	3,854,180	3,522,475	1,778,935	1,948,888	2,079,094	1,624,138	1,230,909	1,866,922	810,580	764,102	663,443	646,995	431,045	397,393	352,095	319,942	276,465	261,524	243,592	190,760	155,210	232,443	229,138	233,539	302,272	307,852	125,765	122,765	138,289	153,654	201,760	318,888	131,552	131,948	150,040	188,858	25,792	54,300	47,926	95,813	16,161	11,055	12,278	7,260	4,066	4,298
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
Free Cash Flow	34,000	46,000	34,000	56,000	53,000	48,000	132,000	830,000	3,354,000	-250,022	-2,839,025	-417,734	225,688	-344,832	33,953	362,038	264,521	31,736	-318,123	-249,437	-162,985	-124,567	12,819	29,300	7,763	63,590	69,466	-987	47,487	20,918	13,248	-99,235	1,992	-30,532	2,489	-8,256	-9,150	-4,631	-5,462	6,184	5,186	11,853	-2,370	183	-4,340	5,225	845	6,009	3,469	451	1,328	2,108	2,118	224	489	-1,815	-2,166
Investments	-204,000	-314,000	255,000	225,000	-57,000	-370,000	-156,000	-338,000	-525,000	502,943	-142,497	409,248	920,304	-335,635	-419,349	-490,383	291,810	-748,598	142,758	110,646	125,775	98,197	-529,460	-42,360	-15,343	-157,805	-38,549	-35,271	-34,901	19,122	10,546	16,116	10,143	36,045	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
Net Borrowings	0	0	0	0	0	-1,000	-10,000	-752,000	-2,644,000	428,415	2,229,322	279,953	37,670	246,765	45,365	43,996	-259,690	58,988	1,223,696	165,835	124,303	92,508	359,280	388,694	388,694	481,202	0	0	0	77,549	0	0	0	77,549	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	-23,000	-73,000	-28,000	-35,000	-22,000	-72,000	-53,000	8,000	16,000	-261,208	-328,174	9,641	51,964	46,036	39,570	-84,448	-163,273	-101,210	-64,649	-71,977	-67,525	-97,682	-492	-3,093	-18,591	-77,175	9,206	-21,845	-4,606	-23,491	6,807	-156,149	-47,605	-25,720	-26,049	-38,721	-58,384	-10,897	-15,977	-10,477	-6,259	2,715	-1,189	-10,232	-3,747	549	2,334	1,332	1,724	924	-570	1,576	-826	-486	-1,510	-1,972	-2,806
Other Cashflows From Financing Activities	80,000	2,000	41,000	41,000	8,000	-44,000	-184,000	6,000	36,000	1,401,033	2,494,612	498,642	187,035	191,141	240,477	1,066,326	126,662	128,737	1,231,766	187,333	142,894	-264,389	734,591	46,712	52,878	-80,038	17,705	51,199	10,769	20,348	12,518	5,886	1,565	-18,704	-3,657	5,390	-1,874,907	2,979	6,917	8,764	5,263	1,770	261,538	3,884	5,057	760	158,621	1,888	2,905	1,723	78,327	-1,502	657	363	160	422	5
Other Cashflows From Investing Activities	0	0	0	-9,000	-9,000	-12,000	-6,000	-6,000	-5,000	-7,364	-510,643	-5,922	-4,485	-6,351	4,182	-6,905	-4,503	-4,468	-6,196	-5,658	-3,269	-57,440	-5,402	-3,679	-1,098	0	-7,738	-1,476	-10,731	0	-5,268	-1,607	-12,109	3,931	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	132,000	1,000	8,000	10,000	5,000	15,000	7,000	14,000	47,000	204,751	357,215	35,801	45,364	45,683	39,075	24,017	110,233	32,035	22,419	29,483	17,685	85,702	27,893	13,905	12,313	185,695	9,854	6,062	4,543	26,615	28	1,328	2,172	4,370	6,888	-1,626	22,083	1,236	400	2,082	697	1,643	-1	-320	198	-5,451	3,252	2,020	2,334	1,288	1,963	847	-16	6,307	-1,429	-4,818	-91
Sale Purchase Of Stock	-9,000	-88,000	-100,000	-150,000	-86,000	-174,000	-176,000	-249,000	-348,000	-272,625	21,865	14,536	605,706	72,802	186,242	504,304	92,202	24,451	8,017	19,433	13,564	5,451	375,312	46,750	52,906	0	17,747	51,257	11,006	0	12,724	6,055	1,682	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	108,000	109,000	109,000	130,000	103,000	110,000	148,000	102,000	91,000	80,213	79,405	88,395	63,673	52,445	48,959	52,351	43,795	47,018	42,128	43,632	66,124	37,718	41,682	38,943	30,741	29,409	28,574	29,193	26,395	25,766	27,285	28,316	25,551	24,312	28,015	29,880	23,007	9,909	8,634	8,410	7,132	5,055	3,768	10,467	4,146	2,256	1,712	1,225	1,418	654	488	413	390	406	468	429	412
Total Cash From Financing Activities	71,000	-126,000	-49,000	-109,000	-68,000	-181,000	-184,000	-995,000	-2,981,000	59,423	2,150,468	340,191	597,548	510,514	231,605	583,301	-163,102	80,849	1,231,707	185,269	137,869	95,956	734,591	46,712	52,878	18,033	17,705	51,199	10,769	51,559	12,518	5,886	1,565	5,719	-3,657	5,390	8,821	2,979	6,917	8,764	5,263	1,770	261,538	3,884	5,057	760	158,621	1,888	2,905	1,723	78,327	-1,502	657	363	160	422	5
Total Cash From Operating Activities	80,000	86,000	75,000	100,000	93,000	84,000	165,000	863,000	3,392,000	-215,373	-2,803,819	-399,160	241,658	-325,961	57,538	390,630	301,990	58,108	-296,459	-228,309	-145,514	-98,693	29,491	48,400	24,652	81,268	92,031	17,934	66,958	39,081	30,093	-79,447	18,918	-15,929	22,442	14,691	1,455	12,162	4,482	14,670	14,205	18,762	3,990	6,257	2,289	9,798	5,436	10,566	6,498	807	5,683	4,852	3,484	1,614	1,703	-217	-842
Total Cashflows From Investing Activities	0	0	0	181,000	-97,000	-410,000	-189,000	-371,000	-563,000	467,715	-674,444	390,674	904,334	-354,506	-419,349	-518,975	254,341	-774,970	121,094	89,518	108,304	19,185	-548,132	-61,460	-32,232	-247,394	-66,259	-54,192	-59,795	-65,719	-7,061	-3,672	-17,178	64,441	58,632	146,150	171,811	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cost Of Revenue	421,000	367,000	6,394,177	1,756,395	1,432,021	153,590	85,203	71,591	61,614	29,461	18,810	14,043	10,575	4,973	4,042	4,200	3,700	1,600
Depreciation And Amortization	222,000	180,000	162,673	134,369	150,267	99,391	110,155	100,590	75,386	35,624	23,254	12,773	7,190	5,262	6,407	8,100	3,000	2,800
Discontinued Operations	0	-13,000	-630,000	-167,000	-167,000	0	0	0	0	0	0	0	0	0	0	0	-	-
Ebit	-96,000	-26,000	-246,205	60,941	-246,835	-26,358	17,974	-189,971	-91,535	-1,709	-16,949	5,797	892	-6,900	-13,077	-20,500	-21,800	-14,000
Ebitda	126,000	154,000	-83,532	195,310	-96,568	73,033	128,129	-89,381	-16,149	33,915	6,305	18,570	8,082	-1,638	-6,670	-12,400	-18,800	-11,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Extraordinary Items	0	0	0	0	0	0	23,600	0	0	0	0	0	0	0	0	0	-	-
Gross Profit	1,524,000	1,591,000	1,753,199	1,583,422	1,310,816	1,179,964	991,591	774,998	583,063	296,432	178,735	102,807	55,478	25,494	13,449	6,400	3,400	2,700
Income Before Tax	-154,000	-85,000	-526,514	-169,638	-309,619	-150,960	-184,006	-220,308	-153,519	-43,610	-16,564	5,939	1,102	-6,774	-12,855	-21,200	-20,300	-12,600
Income Tax Expense	4,000	3,000	1,263	-7,523	-4,258	-31,102	-89,586	130	-4,645	21,493	-4,111	0	-105	-63	-111	1,400	-	-
Interest Expense	36,000	35,000	191,910	155,227	101,792	41,255	27,517	7,408	5,489	0	0	0	0	0	0	700	1,500	1,400
Interest Income	0	0	0	0	101,792	41,255	27,517	7,408	5,489	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	-	-
Net Income	-158,000	-88,000	-527,777	-162,115	-305,361	-119,858	-94,420	-220,438	-148,874	-43,610	-12,453	5,939	1,102	-6,774	-12,855	-21,200	-20,300	-12,600
Net Income Applicable To Common Shares	0	-101,000	-527,777	-162,115	-305,361	-119,858	-94,420	-220,438	-148,874	-43,610	0	0	0	0	0	0	-	-
Net Income From Continuing Ops	-157,000	-88,000	-527,777	-162,115	-305,361	-119,858	-94,420	-220,438	-148,874	-43,610	0	0	0	0	0	0	-	-
Net Interest Income	-36,000	-35,000	-191,910	-155,227	-101,792	-41,255	-27,517	-7,408	0	0	0	0	0	0	0	0	-	-
Non Operating Income Net Other	0	43,000	-6,931	26,977	39,658	19,270	5,385	-20,046	1,501	0	0	0	0	0	0	0	-	-
Non Recurring	0	0	9,295	0	650	83,347	174,463	1,423	52,127	21,493	0	0	0	0	0	0	-	-
Operating Income	-270,000	-26,000	-246,205	60,941	-246,835	-128,975	-161,874	-192,854	-149,531	-44,695	-16,949	5,797	997	-6,837	-12,966	-21,900	-21,800	-14,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	2,192,000	2,027,000	8,393,581	3,304,405	2,989,672	1,379,182	1,064,205	1,039,271	737,713	349,095	214,494	111,053	65,056	37,304	30,457	32,500	28,900	18,200
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Reconciled Depreciation	194,000	180,000	152,485	134,369	110,609	99,391	110,155	0	0	0	0	0	0	0	0	0	-	-
Research Development	560,000	498,000	474,396	518,072	477,347	410,818	319,985	273,066	198,565	86,406	48,498	26,614	14,143	10,651	11,260	10,100	-	-
Selling And Marketing Expenses	658,000	664,000	1,076,235	672,816	714,128	552,621	448,201	380,919	307,089	167,725	108,891	49,105	25,725	14,996	9,654	0	-	-
Selling General Administrative	553,000	498,000	448,773	357,122	366,176	262,153	210,816	313,695	170,445	65,503	38,295	21,291	14,613	6,684	5,501	18,200	25,200	16,600
Tax Provision	5,000	3,000	1,263	-7,523	-4,258	-31,102	-89,586	130	-4,645	0	0	0	0	0	0	0	-	-
Total Operating Expenses	1,771,000	1,660,000	1,999,404	1,548,010	1,557,651	1,225,592	979,002	967,680	676,099	319,634	195,684	97,010	54,481	32,331	26,415	28,300	25,200	16,600
Total Other Income Expense Net	129,000	-59,000	-280,309	-230,579	-62,784	-64,077	-169,078	-20,218	-54,994	-20,408	385	142	105	63	111	700	1,500	1,400
Total Revenue	1,945,000	1,958,000	8,147,376	3,339,817	2,742,837	1,333,554	1,076,794	846,589	644,677	325,893	197,545	116,850	66,053	30,467	17,491	10,600	7,100	4,300

	2024-03-31	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
Cost Of Revenue	123,000	115,000	110,000	104,000	92,000	89,000	89,000	566,000	3,622,000	3,415,212	1,496,060	771,585	687,030	317,428	216,224	461,071	761,672	609,617	399,835	271,221	151,348	67,472	36,672	25,527	23,919	22,559	22,152	20,260	20,232	19,665	18,254	17,220	16,452	15,105	16,453	17,037	13,019	8,825	7,679	6,793	6,164	5,270	5,116	4,294	4,130	3,806	3,623	3,264	3,350	2,961	3,084	2,713	1,817	1,326	1,263	1,222	1,162	1,000	1,000	1,000	900
Depreciation And Amortization	64,000	70,000	55,000	51,000	46,000	24,000	40,000	49,000	49,000	46,747	34,954	34,535	36,249	34,028	32,411	32,439	35,491	30,011	28,298	27,335	24,965	23,090	23,375	26,020	26,906	28,579	27,419	27,022	27,135	25,738	25,495	25,550	23,807	21,355	19,584	20,419	14,028	9,915	9,039	8,596	8,074	7,443	5,877	5,155	4,779	4,071	3,617	2,749	2,336	1,761	2,035	1,868	1,526	1,366	1,314	1,354	1,228	100	-	-	100
Discontinued Operations	0	0	0	0	0	0	-2,000	-2,000	-2,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Ebit	-11,000	-50,000	-17,000	-22,000	-7,000	-73,000	-39,000	31,000	103,000	-164,168	-276,428	66,983	90,849	58,127	79,465	-52,570	-58,109	-91,752	-39,442	-52,787	-53,207	-44,087	9,404	-5,874	-8,891	-14,293	16,371	-14,905	2,222	3,961	7,244	-179,923	-46,803	-24,857	-37,340	-28,810	-20,112	5,004	10,158	-10,761	-6,478	2,724	-11,401	-10,347	-3,802	-3,560	-1,361	-1,485	-674	872	-642	1,566	-904	-500	-1,538	-2,022	-2,840	-3,000	-2,400	-3,100	-4,500
Ebitda	53,000	20,000	38,000	29,000	39,000	-49,000	1,000	80,000	152,000	-117,421	-241,474	101,518	127,098	92,155	111,876	-20,131	-22,618	-61,741	-11,144	-25,452	-28,242	-20,997	32,779	20,146	18,015	14,286	43,790	12,117	29,357	29,699	32,739	-154,373	-22,996	-3,502	-17,756	-8,391	-6,084	14,919	19,197	-2,165	1,596	10,167	-5,524	-5,192	977	511	2,256	1,264	1,662	2,633	1,393	3,434	622	866	-224	-668	-1,612	-2,900	-2,400	-3,100	-4,400
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-
Gross Profit	406,000	359,000	386,000	402,000	377,000	346,000	394,000	443,000	635,000	467,101	240,583	538,395	531,410	471,524	440,468	307,281	364,149	334,330	345,373	328,357	302,756	297,863	306,422	299,719	275,960	259,771	259,687	246,590	225,543	207,947	206,338	191,183	169,530	154,265	160,312	154,232	114,254	83,504	80,967	71,882	60,079	53,078	48,195	42,626	34,836	30,531	28,292	24,501	19,483	16,930	15,973	13,132	9,443	8,247	6,966	6,112	4,169	3,700	4,500	3,500	1,800
Income Before Tax	-21,000	-70,000	-28,000	-34,000	-22,000	-68,000	-48,000	14,000	7,000	-259,354	-339,185	22,951	49,074	46,637	39,995	-83,769	-172,501	-101,668	-65,949	-71,977	-70,025	-106,084	-15,192	-13,693	-15,991	-166,802	9,247	-21,845	-4,606	-21,997	6,807	-156,149	-48,969	-27,512	-28,902	-38,721	-58,384	-10,897	-15,977	-10,477	-6,259	2,869	-5,454	-10,232	-3,747	549	2,334	1,332	1,724	924	-570	1,576	-826	-486	-1,510	-1,972	-2,806	-2,900	-2,400	-3,100	-4,400
Income Tax Expense	2,000	3,000	43,000	1,000	-14,000	4,000	3,000	6,000	-9,000	1,854	-11,011	13,310	-2,890	601	425	679	-9,228	-458	-1,300	28,355	-2,500	-8,402	-14,700	-10,600	2,600	-89,627	41	8,507	7,676	1,494	2,156	-23,225	-1,364	-1,792	-2,853	2,030	999	8,109	13,200	0	0	154	-4,265	0	0	-4,071	-3,656	-2,783	-2,367	-26	-36	-5	-39	-7	-14	-25	-17	-	-	-	-
Interest Expense	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	44,000	68,188	44,737	39,430	39,555	40,575	39,470	37,590	37,592	39,927	26,502	18,897	16,466	14,327	12,668	7,187	7,073	6,991	6,906	6,897	6,723	2,668	1,595	1,572	1,573	1,589	1,590	1,580	730	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	37,592	39,927	26,502	18,897	16,466	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-
Net Income	-23,000	-73,000	-28,000	-35,000	-8,000	-72,000	-51,000	8,000	16,000	-261,208	-328,174	9,641	51,964	46,036	39,570	-84,448	-163,273	-101,210	-64,649	-71,977	-67,525	-97,682	-492	-3,093	-18,591	-77,175	9,206	-21,845	-4,606	-23,491	6,807	-156,149	-47,605	-25,720	-26,049	-38,721	-58,384	-10,897	-15,977	-10,477	-6,259	2,715	-1,189	-10,232	-3,747	549	2,334	1,332	1,724	924	-570	1,576	-826	-486	-1,510	-1,972	-2,806	-2,900	-2,400	-3,100	-4,400
Net Income Applicable To Common Shares	0	0	0	-35,000	-22,000	-72,000	-53,000	8,000	16,000	-261,208	-328,174	9,641	51,964	46,036	39,570	-84,448	-163,273	-101,210	-64,649	-71,977	-67,525	-97,682	-492	-3,093	-18,591	-155,343	9,206	-21,845	-4,606	-220,438	6,807	-156,149	-47,605	-148,874	0	-38,721	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	-23,000	-73,000	-28,000	-35,000	-22,000	-61,000	-51,000	8,000	16,000	-261,208	-328,174	9,641	51,964	46,036	39,570	-84,448	-163,273	-101,210	-64,649	-71,977	-67,525	-97,682	-492	-3,093	-18,591	-155,343	9,206	-21,845	-4,606	-220,438	6,807	-156,149	-47,605	-148,874	0	-38,721	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Interest Income	-9,000	-9,000	-9,000	-9,000	-9,000	-9,000	-9,000	-9,000	-44,000	-68,188	-44,737	-39,430	-39,555	-40,575	-39,470	-37,590	-37,592	-39,927	-26,502	-18,897	-16,466	0	0	0	0	0	0	0	0	0	0	0	0	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	42,000	32,000	25,000	12,000	12,000	-6,000	4,198	-12,821	656	1,036	-2,140	3,018	16,506	9,593	12,033	8,999	9,458	9,168	5,962	7,773	3,089	2,446	0	1,407	1,610	953	0	561	753	681	0	0	450	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	-1,000	0	0	0	0	0	1,572	3,235	3,671	817	0	0	0	0	0	5	293	352	80,760	1,928	632	27	174,059	218	43	105	1,423	93	204	593	52,127	0	8,331	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	-45,000	-105,000	-53,000	-67,000	-7,000	-73,000	-39,000	31,000	103,000	-195,364	-281,627	61,725	87,593	89,352	76,447	-62,685	-144,502	-73,774	-48,446	-62,538	-62,727	-97,719	-10,297	-9,595	-11,364	-161,226	14,746	-16,558	1,164	2,712	7,841	-155,330	-48,077	-26,339	-27,678	-37,591	-57,923	-11,214	-16,242	-10,761	-6,478	2,724	-5,524	-10,347	-3,802	511	2,295	1,298	1,693	898	-606	1,571	-865	-493	-1,524	-1,997	-2,823	-3,000	-2,400	-3,100	-4,500
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	-	-	-	-
Other Operating Expenses	568,000	567,000	547,000	570,000	508,000	508,000	534,000	990,000	4,162,000	4,003,932	2,015,035	1,244,584	1,130,030	699,600	580,245	831,037	1,193,523	1,017,721	793,649	661,823	516,479	392,294	341,463	334,209	311,216	269,459	266,875	283,365	244,506	224,367	217,909	363,529	233,466	194,643	194,887	200,529	147,654	95,434	91,688	89,436	72,721	55,624	58,835	57,267	42,768	33,826	29,620	26,467	21,140	18,993	19,663	14,274	12,125	10,066	9,753	9,331	8,154	7,700	8,000	7,600	7,200
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	-	-	-	-
Reconciled Depreciation	59,000	70,000	55,000	51,000	46,000	42,000	40,000	49,000	49,000	46,747	34,954	34,535	36,249	34,028	32,411	32,439	35,491	30,011	28,298	27,335	24,965	23,090	23,375	26,020	26,906	28,579	27,419	27,022	27,135	25,738	25,495	25,550	23,807	21,355	19,584	20,419	14,028	9,915	9,039	8,596	8,074	7,443	5,877	5,155	4,779	4,071	3,617	2,749	2,336	1,761	2,035	1,868	1,526	1,366	1,314	1,354	1,228	-	-	-	-
Research Development	147,000	141,000	142,000	140,000	137,000	129,000	142,000	119,000	114,000	114,141	111,491	128,463	148,856	126,997	127,300	128,857	134,918	125,273	123,974	120,330	107,770	111,195	105,314	100,376	93,933	85,187	83,389	78,541	72,868	72,057	69,171	67,421	64,417	55,782	53,718	51,740	37,325	28,256	21,318	19,862	16,970	14,649	12,167	11,071	10,611	9,079	6,687	5,818	5,030	3,995	3,849	3,304	2,996	2,711	2,528	2,878	2,534	2,600	2,800	2,800	3,100
Selling And Marketing Expenses	166,000	165,000	164,000	154,000	156,000	162,000	165,000	182,000	307,000	354,492	294,354	229,434	193,593	161,744	150,826	155,598	204,648	183,761	181,347	187,433	161,587	138,869	128,734	147,727	137,291	103,935	107,108	131,218	105,940	90,109	92,794	99,256	98,760	77,817	82,044	87,942	59,286	37,818	46,934	48,075	34,898	24,978	31,195	32,924	19,794	14,519	14,118	12,153	8,315	7,575	7,035	5,630	5,484	4,071	4,060	3,748	3,117	-	100	-	-
Selling General Administrative	132,000	146,000	131,000	172,000	123,000	128,000	138,000	123,000	119,000	120,087	113,130	115,102	100,551	93,431	85,895	85,511	92,285	99,070	88,493	82,839	95,774	74,758	70,743	60,579	56,073	57,778	54,226	53,346	45,466	42,536	37,690	179,632	53,837	45,939	42,672	43,810	38,024	20,535	15,757	14,706	14,689	10,727	10,357	8,978	8,233	6,422	5,192	5,232	4,445	4,462	5,695	2,627	1,828	1,958	1,902	1,483	1,341	4,100	4,100	3,800	3,200
Tax Provision	2,000	3,000	0	1,000	0	4,000	3,000	6,000	-9,000	1,854	-11,011	13,310	-2,890	601	425	679	-9,228	-458	-1,300	0	-2,500	0	0	0	0	0	0	0	0	0	0	0	0	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	445,000	452,000	437,000	466,000	416,000	419,000	445,000	424,000	540,000	588,720	518,975	472,999	443,000	382,172	364,021	369,966	431,851	408,104	393,814	390,602	365,131	324,822	304,791	308,682	287,297	246,900	244,723	263,105	224,274	204,702	199,655	346,309	217,014	179,538	178,434	183,492	134,635	86,609	84,009	82,643	66,557	50,354	53,719	52,973	38,638	30,020	25,997	23,203	17,790	16,032	16,579	11,561	10,308	8,740	8,490	8,109	6,992	6,700	7,000	6,600	6,300
Total Other Income Expense Net	-21,000	32,000	32,000	39,000	-15,000	5,000	-9,000	-17,000	-96,000	-69,547	-16,056	-3,015	219	-2,140	3,018	16,506	-67,207	12,033	8,994	9,165	8,816	-64,798	-4,155	2,457	2,419	-172,682	1,189	1,567	848	-22,574	1,719	549	88	-650	-9,190	-7,881	-37,273	-7,792	-12,935	284	219	145	70	115	55	38	39	34	31	26	36	5	39	7	14	25	17	100	-	-	100
Total Revenue	529,000	474,000	496,000	506,000	469,000	435,000	483,000	1,009,000	4,257,000	3,882,313	1,736,643	1,309,980	1,218,440	788,952	656,692	768,352	1,125,821	943,947	745,208	599,578	454,104	365,335	343,094	325,246	299,879	282,330	281,839	266,850	245,775	227,612	224,592	208,403	185,982	169,370	176,765	171,269	127,273	92,329	88,646	78,675	66,243	58,348	53,311	46,920	38,966	34,337	31,915	27,765	22,833	19,891	19,057	15,845	11,260	9,573	8,229	7,334	5,331	4,700	5,500	4,500	2,700

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

Gross Profit (+$)
totalRevenue	1,945,000
Cost of Revenue	-421,000
Gross Profit	1,524,000	1,524,000

Operating Income (+$)
Gross Profit	1,524,000
Operating Expense	-1,771,000
Operating Income	-270,000	-247,000

Operating Expense (+$)
Research Development	560,000
Selling General Administrative	553,000
Selling And Marketing Expenses	658,000
Operating Expense	1,771,000	1,771,000

Net Interest Income (+$)
Interest Income	0
Interest Expense	-36,000
Other Finance Cost	-0
Net Interest Income	-36,000

Pretax Income (+$)
Operating Income	-270,000
Net Interest Income	-36,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-154,000	-399,000 EBIT - interestExpense = -132,000 -154,000 -122,000
Interest Expense	36,000
Earnings Before Interest and Taxes (EBIT)	-96,000	-118,000
Earnings Before Interest and Taxes (EBITDA)	126,000

After tax Income (+$)
Income Before Tax	-154,000
Tax Provision	-5,000
Net Income From Continuing Ops	-157,000	-159,000
Net Income	-158,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	2,192,000
Total Other Income/Expenses Net	129,000	36,000

Technical Analysis of Zillow Group 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 Zillow Group Inc. The general trend of Zillow Group Inc is BEARISH with 71.4% 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 Zillow Group 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 (-71.4%)		Bearish trend (71.4%)
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 Zillow Group 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: 43.90 < 44.15 < 47.30.

The bearish price targets are: 38.06 > 34.33 > 33.23.

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Zillow Group 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 Zillow Group Inc. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Zillow Group 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 Zillow Group Inc. The current macd is -1.13997012.

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 Zillow Group 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 Zillow Group 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 Zillow Group 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

Zillow Group 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 Zillow Group Inc. The current adx is 23.53.

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 Zillow Group 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.

Zillow Group 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 Zillow Group Inc. The current sar is 43.06.

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

Zillow Group 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 Zillow Group Inc. The current rsi is 46.03. 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.

Zillow Group 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 Zillow Group Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 Zillow Group Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Zillow Group 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 Zillow Group Inc. The current cci is 39.51.

Zillow Group 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 Zillow Group Inc. The current cmo is 0.05061728.

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

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

Zillow Group 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 Zillow Group Inc. The current willr is -32.01970443.

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 Zillow Group Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Zillow Group 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 Zillow Group Inc.

Zillow Group 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 Zillow Group Inc. The current atr is 1.5696906.

Zillow Group 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 Zillow Group Inc. The current obv is 11,108,036.

Zillow Group 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 Zillow Group Inc. The current mfi is 46.86.

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

Zillow Group Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Zillow Group Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Zillow Group Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	46.031
Ma 20	Greater than	Ma 50	41.837
Ma 50	Greater than	Ma 100	46.163
Ma 100	Greater than	Ma 200	50.213
Open	Greater than	Close	42.080
Total			1/5 (20.0%)

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Quick analysis of Zillow Group Inc (30 sec.)

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

$42.20

$19.88

$-30.62 - $16.40

$-10.75 - $36.28

2. Growth of Zillow Group Inc (5 min.)

Is Zillow Group Inc growing?

How much money is Zillow Group Inc making?

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

3. Financial Health of Zillow Group Inc (5 min.)

4. Comparing to competitors in the Internet Content & Information industry (5 min.)

Industry Rankings (Internet Content & Information)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Zillow Group Inc

About Zillow Group Inc

Financial Health

Valuation

1.1. Profitability of Zillow Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Internet Content & Information)

1.1.2. Return on Assets

Trends

Compared to industry (Internet Content & Information)

1.1.3. Return on Equity

Trends

Compared to industry (Internet Content & Information)

1.2. Operating Efficiency of Zillow Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Internet Content & Information)

1.2.2. Operating Ratio

Trends

Compared to industry (Internet Content & Information)

1.3. Liquidity of Zillow Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Internet Content & Information)

1.3.2. Quick Ratio

Trends

Compared to industry (Internet Content & Information)

1.4. Solvency of Zillow Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Internet Content & Information)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Internet Content & Information)

2. Market Valuation of Zillow Group Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Internet Content & Information)

Zillow Group Inc
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