| Merchants Bancorp (MBIN) |
| Q1-CY2026 | Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 |
| Balance Sheet Date | | 2025-Dec-31 | 2025-Sep-30 | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | 2024-Sep-30 | 2024-Jun-30 | 2024-Mar-31 | 2023-Dec-31 | 2023-Sep-30 | 2023-Jun-30 | 2023-Mar-31 | 2022-Dec-31 | 2022-Sep-30 | 2022-Jun-30 | 2022-Mar-31 | 2021-Dec-31 | 2021-Sep-30 | 2021-Jun-30 | 2021-Mar-31 | 2020-Dec-31 | 2020-Sep-30 | 2020-Jun-30 | 2020-Mar-31 | 2019-Dec-31 | 2019-Sep-30 | 2019-Jun-30 | 2019-Mar-31 | 2018-Dec-31 | 2018-Sep-30 | 2018-Jun-30 | 2018-Mar-31 | 2017-Dec-31 | 2017-Sep-30 | | | | | | | | | | | | | | |
| Fiscal Period | | Q4-FY2025 | Q3-FY2025 | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | Q3-FY2024 | Q2-FY2024 | Q1-FY2024 | Q4-FY2023 | Q3-FY2023 | Q2-FY2023 | Q1-FY2023 | Q4-FY2022 | Q3-FY2022 | Q2-FY2022 | Q1-FY2022 | Q4-FY2021 | Q3-FY2021 | Q2-FY2021 | Q1-FY2021 | Q4-FY2020 | Q3-FY2020 | Q2-FY2020 | Q1-FY2020 | Q4-FY2019 | Q3-FY2019 | Q2-FY2019 | Q1-FY2019 | Q4-FY2018 | Q3-FY2018 | Q2-FY2018 | Q1-FY2018 | Q4-FY2017 | Q3-FY2017 | | | | | | | | | | | | | | |
| Close Price of Common Stock | 42.29$ | 34.07$ | 31.78$ | 33.01$ | 37.06$ | 36.45$ | 44.65$ | 40.47$ | 43.12$ | 42.56$ | 27.75$ | 25.60$ | 25.99$ | 24.32$ | 23.07$ | 22.62$ | 27.43$ | 47.57$ | 39.64$ | 39.45$ | 42.12$ | 27.82$ | 19.72$ | 18.42$ | 15.18$ | 19.72$ | 16.50$ | 17.02$ | 21.41$ | 19.96$ | 25.48$ | 28.53$ | 22.03$ | 19.73$ | | | | | | | | | | | | | | | |
| Market Cap of Common Stock | 1,943,735,729$ | 1,563,446,339$ | 1,458,239,855$ | 1,514,555,115$ | 1,699,234,502$ | 1,668,098,638$ | 2,043,075,367$ | 1,754,565,437$ | 1,868,445,828$ | 1,840,303,423$ | 1,199,618,889$ | 1,106,780,621$ | 1,123,641,732$ | 1,048,424,937$ | 994,467,070$ | 978,717,093$ | 1,186,835,096$ | 1,369,320,241$ | 1,140,837,946$ | 1,135,455,384$ | 1,212,159,784$ | 799,559,253$ | 566,863,508$ | 529,436,555$ | 436,204,374$ | 566,090,957$ | 473,656,227$ | 488,544,854$ | 614,556,130$ | 572,732,959$ | 731,124,037$ | 818,588,637$ | 632,089,298$ | 565,958,345$ | | | | | | | | | | | | | | | |
| QoQ% | 24.32% | 7.22% | (3.72%) | (10.87%) | 1.87% | (18.35%) | 16.44% | (6.10%) | 1.53% | 53.41% | 8.39% | (1.50%) | 7.17% | 5.43% | 1.61% | (17.54%) | (13.33%) | 20.03% | .47% | (6.33%) | 51.60% | 41.05% | 7.07% | 21.37% | (22.94%) | 19.52% | (3.05%) | (20.50%) | 7.30% | (21.66%) | (10.69%) | 29.51% | 11.69% | | | | | | | | | | | | | | | | |
| YoY% | 14.39% | (6.27%) | (28.63%) | (13.68%) | (9.06%) | (9.36%) | 70.31% | 58.53% | 66.29% | 75.53% | 20.63% | 13.09% | (5.33%) | (23.44%) | (12.83%) | (13.80%) | (2.09%) | 71.26% | 101.25% | 114.47% | 177.89% | 41.24% | 19.68% | 8.37% | (29.02%) | (1.16%) | (35.22%) | (40.32%) | (2.77%) | 1.20% | | | | | | | | | | | | | | | | | | | |
| Common Shares Outstanding | 45,962,065 | 45,893,172 | 45,889,238 | 45,885,458 | 45,881,706 | 45,767,166 | 45,764,023 | 45,757,567 | 43,354,718 | 43,242,928 | 43,240,212 | 43,237,300 | 43,233,618 | 43,113,127 | 43,109,578 | 43,106,505 | 43,267,776 | 43,180,079 | 28,785,374 | 28,783,599 | 28,782,139 | 43,120,625 | 28,745,614 | 28,745,614 | 28,742,484 | 28,706,438 | 28,706,438 | 28,706,438 | 28,704,163 | 28,694,036 | 28,694,036 | 28,694,036 | 28,692,206 | 28,685,167 | 21,497,667 | 21,114,400 | 21,114,400 | 21,111,200 | 21,111,200 | | | | | | | | | | |
| QoQ% | .15% | .01% | .01% | .01% | .25% | .01% | .01% | 5.54% | .26% | .01% | .01% | .01% | .28% | .01% | .01% | (.37%) | .20% | 50.01% | .01% | .01% | (33.25%) | 50.01% | .00% | .01% | .13% | .00% | .00% | .01% | .04% | .00% | .00% | .01% | .03% | 33.43% | 1.82% | .00% | .02% | .00% | | | | | | | | | | | |
| YoY% | .18% | .28% | .27% | .28% | 5.83% | 5.84% | 5.84% | 5.83% | .28% | .30% | .30% | .30% | (.08%) | (.16%) | 49.76% | 49.76% | 50.33% | .14% | .14% | .13% | .14% | 50.21% | .14% | .14% | .13% | .04% | .04% | .04% | .04% | .03% | 33.48% | 35.90% | 35.89% | 35.88% | 1.83% | | | | | | | | | | | | | | |
| Price to Sales | 2.85x | 2.29x | 2.11x | 2.27x | 2.62x | 2.49x | 3.21x | 2.74x | 3.03x | 3.27x | 2.30x | 2.29x | 2.45x | 2.36x | 2.26x | 2.26x | 2.83x | 3.15x | 2.63x | 2.65x | 2.96x | 2.27x | 1.89x | 2.21x | 2.18x | 3.34x | 3.20x | 3.49x | 4.52x | 4.10x | 5.44x | 6.52x | 5.09x | 4.95x | | | | | | | | | | | | | | | |
| Price to Earnings | 11.20x | 9.01x | 7.30x | 7.25x | 6.86x | 5.88x | 7.64x | 6.12x | 6.75x | 7.52x | 5.35x | 5.42x | 5.74x | 5.41x | 5.10x | 5.02x | 6.17x | 6.64x | 5.36x | 5.37x | 5.96x | 4.81x | 4.16x | 5.18x | 5.50x | 8.31x | 8.42x | 8.89x | 11.16x | 9.62x | 11.34x | 14.07x | 11.03x | 11.02x | | | | | | | | | | | | | | | |
| Price to Book | .85x | .69x | .66x | .69x | .79x | .74x | 1.05x | .93x | 1.05x | 1.08x | .73x | .71x | .75x | .72x | .70x | .80x | 1.00x | 1.19x | 1.03x | 1.07x | 1.20x | .99x | .75x | .75x | .65x | .87x | .75x | .95x | 1.29x | 1.36x | 1.79x | 2.08x | 1.66x | 1.54x | | | | | | | | | | | | | | | |
| Total Revenue | | 185,287,000$ | 171,072,000$ | 179,199,000$ | 145,889,000$ | 193,769,000$ | 149,563,000$ | 159,470,000$ | 167,930,000$ | 158,779,000$ | 153,504,000$ | 135,499,000$ | 114,957,000$ | 118,392,000$ | 114,571,000$ | 111,202,000$ | 100,322,000$ | 113,014,000$ | 109,152,000$ | 97,262,000$ | 115,899,000$ | 111,963,000$ | 103,979,000$ | 77,422,000$ | 58,255,000$ | 60,324,000$ | 43,476,000$ | 37,792,000$ | 27,795,000$ | 38,910,000$ | 35,389,000$ | 33,836,000$ | 31,421,000$ | 33,859,000$ | 26,446,000$ | 32,350,000$ | 21,622,000$ | 22,106,000$ | 26,599,000$ | | | | | | | | | | |
| QoQ% | | 8.31% | (4.54%) | 22.83% | (24.71%) | 29.56% | (6.21%) | (5.04%) | 5.76% | 3.44% | 13.29% | 17.87% | (2.90%) | 3.34% | 3.03% | 10.85% | (11.23%) | 3.54% | 12.23% | (16.08%) | 3.52% | 7.68% | 34.30% | 32.90% | (3.43%) | 38.75% | 15.04% | 35.97% | (28.57%) | 9.95% | 4.59% | 7.69% | (7.20%) | 28.03% | (18.25%) | 49.62% | (2.19%) | (16.89%) | | | | | | | | | | | |
| YoY% | | (4.38%) | 14.38% | 12.37% | (13.13%) | 22.04% | (2.57%) | 17.69% | 46.08% | 34.11% | 33.98% | 21.85% | 14.59% | 4.76% | 4.97% | 14.33% | (13.44%) | .94% | 4.98% | 25.63% | 98.95% | 85.60% | 139.16% | 104.86% | 109.59% | 55.04% | 22.85% | 11.69% | (11.54%) | 14.92% | 33.82% | 4.59% | 45.32% | 53.17% | (.58%) | | | | | | | | | | | | | | |
| TTM | | 681,447,000$ | 689,929,000$ | 668,420,000$ | 648,691,000$ | 670,732,000$ | 635,742,000$ | 639,683,000$ | 615,712,000$ | 562,739,000$ | 522,352,000$ | 483,419,000$ | 459,122,000$ | 444,487,000$ | 439,109,000$ | 433,690,000$ | 419,750,000$ | 435,327,000$ | 434,276,000$ | 429,103,000$ | 409,263,000$ | 351,619,000$ | 299,980,000$ | 239,477,000$ | 199,847,000$ | 169,387,000$ | 147,973,000$ | 139,886,000$ | 135,930,000$ | 139,556,000$ | 134,505,000$ | 125,562,000$ | 124,076,000$ | 114,277,000$ | 102,524,000$ | 102,677,000$ | | | | | | | | | | | | | |
| TTM_QoQ% | | (1.23%) | 3.22% | 3.04% | (3.29%) | 5.50% | (.62%) | 3.89% | 9.41% | 7.73% | 8.05% | 5.29% | 3.29% | 1.23% | 1.25% | 3.32% | (3.58%) | .24% | 1.21% | 4.85% | 16.39% | 17.21% | 25.27% | 19.83% | 17.98% | 14.47% | 5.78% | 2.91% | (2.60%) | 3.76% | 7.12% | 1.20% | 8.58% | 11.46% | (.15%) | | | | | | | | | | | | | | |
| TTM_YoY% | | 1.60% | 8.52% | 4.49% | 5.36% | 19.19% | 21.71% | 32.33% | 34.11% | 26.60% | 18.96% | 11.47% | 9.38% | 2.10% | 1.11% | 1.07% | 2.56% | 23.81% | 44.77% | 79.18% | 104.79% | 107.58% | 102.73% | 71.19% | 47.02% | 21.38% | 10.01% | 11.41% | 9.55% | 22.12% | 31.19% | 22.29% | | | | | | | | | | | | | | | | | |
| Gross Margin | | 85.02% | 82.91% | 70.41% | 94.70% | 98.61% | 95.39% | 93.75% | 97.19% | 95.75% | 97.39% | 83.32% | 94.03% | 94.59% | 98.06% | 94.41% | 97.56% | 94.38% | 99.03% | 100.32% | 98.57% | 116.89% | 93.69% | 96.32% | 80.54% | 109.27% | 88.25% | 89.24% | 88.26% | 118.39% | 97.81% | 98.73% | 88.32% | 116.52% | 97.76% | 93.44% | 97.97% | 81.14% | 100.90% | | | | | | | | | | |
| QoQ | | 2.11% | 12.50% | (24.30%) | (3.91%) | 3.22% | 1.64% | (3.44%) | 1.44% | (1.63%) | 14.07% | (10.71%) | (.56%) | (3.47%) | 3.64% | (3.14%) | 3.18% | (4.65%) | (1.30%) | 1.76% | (18.33%) | 23.20% | (2.63%) | 15.78% | (28.73%) | 21.02% | (1.00%) | .99% | (30.13%) | 20.58% | (.92%) | 10.40% | (28.19%) | 18.76% | 4.32% | (4.53%) | 16.83% | (19.77%) | | | | | | | | | | | |
| YoY | | (13.60%) | (12.48%) | (23.34%) | (2.48%) | 2.86% | (2.00%) | 10.43% | 3.16% | 1.16% | (.67%) | (11.10%) | (3.53%) | .21% | (.97%) | (5.91%) | (1.01%) | (22.51%) | 5.34% | 4.00% | 18.02% | 7.62% | 5.45% | 7.08% | (7.72%) | (9.12%) | (9.56%) | (9.48%) | (.07%) | 1.88% | .05% | 5.29% | (9.65%) | 35.38% | (3.14%) | | | | | | | | | | | | | | |
| Operating Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| QoQ% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| YoY% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| TTM | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| TTM_QoQ% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| TTM_YoY% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Operating Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| QoQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| YoY | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Net Income | | 67,849,000$ | 54,701,000$ | 37,981,000$ | 58,239,000$ | 95,666,000$ | 61,273,000$ | 76,393,000$ | 87,054,000$ | 77,473,000$ | 81,504,000$ | 65,302,000$ | 54,955,000$ | 57,156,000$ | 58,488,000$ | 53,935,000$ | 50,142,000$ | 55,201,000$ | 58,503,000$ | 51,417,000$ | 61,983,000$ | 59,786,000$ | 55,002,000$ | 41,162,000$ | 24,583,000$ | 30,061,000$ | 20,259,000$ | 16,439,000$ | 10,570,000$ | 15,422,000$ | 16,739,000$ | 15,652,000$ | 15,061,000$ | 20,329,000$ | 10,467,000$ | 14,758,000$ | 9,130,000$ | 8,754,000$ | 11,599,000$ | | | | | | | | | | |
| QoQ% | | 24.04% | 44.02% | (34.78%) | (39.12%) | 56.13% | (19.79%) | (12.25%) | 12.37% | (4.95%) | 24.81% | 18.83% | (3.85%) | (2.28%) | 8.44% | 7.57% | (9.17%) | (5.64%) | 13.78% | (17.05%) | 3.68% | 8.70% | 33.62% | 67.44% | (18.22%) | 48.38% | 23.24% | 55.53% | (31.46%) | (7.87%) | 6.95% | 3.92% | (25.91%) | 94.22% | (29.08%) | 61.64% | 4.30% | (24.53%) | | | | | | | | | | | |
| YoY% | | (29.08%) | (10.73%) | (50.28%) | (33.10%) | 23.48% | (24.82%) | 16.98% | 58.41% | 35.55% | 39.35% | 21.08% | 9.60% | 3.54% | (.03%) | 4.90% | (19.10%) | (7.67%) | 6.37% | 24.91% | 152.14% | 98.88% | 171.49% | 150.39% | 132.57% | 94.92% | 21.03% | 5.03% | (29.82%) | (24.14%) | 59.92% | 6.06% | 64.96% | 132.23% | (9.76%) | | | | | | | | | | | | | | |
| TTM | | 218,770,000$ | 246,587,000$ | 253,159,000$ | 291,571,000$ | 320,386,000$ | 302,193,000$ | 322,424,000$ | 311,333,000$ | 279,234,000$ | 258,917,000$ | 235,901,000$ | 224,534,000$ | 219,721,000$ | 217,766,000$ | 217,781,000$ | 215,263,000$ | 227,104,000$ | 231,689,000$ | 228,188,000$ | 217,933,000$ | 180,533,000$ | 150,808,000$ | 116,065,000$ | 91,342,000$ | 77,329,000$ | 62,690,000$ | 59,170,000$ | 58,383,000$ | 62,874,000$ | 67,781,000$ | 61,509,000$ | 60,615,000$ | 54,684,000$ | 43,109,000$ | 44,241,000$ | | | | | | | | | | | | | |
| TTM_QoQ% | | (11.28%) | (2.60%) | (13.17%) | (8.99%) | 6.02% | (6.28%) | 3.56% | 11.50% | 7.85% | 9.76% | 5.06% | 2.19% | .90% | (.01%) | 1.17% | (5.21%) | (1.98%) | 1.53% | 4.71% | 20.72% | 19.71% | 29.93% | 27.07% | 18.12% | 23.35% | 5.95% | 1.35% | (7.14%) | (7.24%) | 10.20% | 1.48% | 10.85% | 26.85% | (2.56%) | | | | | | | | | | | | | | |
| TTM_YoY% | | (31.72%) | (18.40%) | (21.48%) | (6.35%) | 14.74% | 16.71% | 36.68% | 38.66% | 27.09% | 18.90% | 8.32% | 4.31% | (3.25%) | (6.01%) | (4.56%) | (1.23%) | 25.80% | 53.63% | 96.60% | 138.59% | 133.46% | 140.56% | 96.16% | 56.45% | 22.99% | (7.51%) | (3.80%) | (3.68%) | 14.98% | 57.23% | 39.03% | | | | | | | | | | | | | | | | | |
| Profit Margin | | 36.62% | 31.98% | 21.20% | 39.92% | 49.37% | 40.97% | 47.90% | 51.84% | 48.79% | 53.10% | 48.19% | 47.81% | 48.28% | 51.05% | 48.50% | 49.98% | 48.84% | 53.60% | 52.86% | 53.48% | 53.40% | 52.90% | 53.17% | 42.20% | 49.83% | 46.60% | 43.50% | 38.03% | 39.64% | 47.30% | 46.26% | 47.93% | 60.04% | 39.58% | 45.62% | 42.23% | 39.60% | 43.61% | | | | | | | | | | |
| QoQ | | 4.64% | 10.78% | (18.73%) | (9.45%) | 8.40% | (6.94%) | (3.94%) | 3.05% | (4.30%) | 4.90% | .39% | (.47%) | (2.77%) | 2.55% | (1.48%) | 1.14% | (4.75%) | .73% | (.62%) | .08% | .50% | (.27%) | 10.97% | (7.63%) | 3.24% | 3.10% | 5.47% | (1.61%) | (7.67%) | 1.04% | (1.68%) | (12.11%) | 20.46% | (6.04%) | 3.39% | 2.63% | (4.01%) | | | | | | | | | | | |
| YoY | | (12.75%) | (8.99%) | (26.71%) | (11.92%) | .58% | (12.13%) | (.29%) | 4.03% | .52% | 2.05% | (.31%) | (2.18%) | (.57%) | (2.55%) | (4.36%) | (3.50%) | (4.55%) | .70% | (.30%) | 11.28% | 3.57% | 6.30% | 9.67% | 4.17% | 10.20% | (.70%) | (2.76%) | (9.91%) | (20.41%) | 7.72% | .64% | 5.71% | 20.44% | (4.03%) | | | | | | | | | | | | | | |
| Equity to Common Shareholders | | 2,280,759,000$ | 2,225,434,000$ | 2,184,632,000$ | 2,160,735,000$ | 2,243,310,000$ | 1,939,107,000$ | 1,888,147,000$ | 1,776,468,000$ | 1,701,084,000$ | 1,632,715,000$ | 1,560,300,000$ | 1,505,684,000$ | 1,459,739,000$ | 1,412,590,000$ | 1,228,539,000$ | 1,188,503,000$ | 1,155,409,000$ | 1,109,878,000$ | 1,059,064,000$ | 1,011,255,000$ | 810,621,000$ | 757,135,000$ | 708,198,000$ | 672,969,000$ | 653,728,000$ | 629,439,000$ | 515,013,000$ | 477,831,000$ | 421,237,000$ | 407,346,000$ | 392,919,000$ | 379,713,000$ | 367,474,000$ | 243,285,000$ | | | 206,288,000$ | | | | | | | | | | | |
| QoQ | | 55,325,000$ | 40,802,000$ | 23,897,000$ | (82,575,000$) | 304,203,000$ | 50,960,000$ | 111,679,000$ | 75,384,000$ | 68,369,000$ | 72,415,000$ | 54,616,000$ | 45,945,000$ | 47,149,000$ | 184,051,000$ | 40,036,000$ | 33,094,000$ | 45,531,000$ | 50,814,000$ | 47,809,000$ | 200,634,000$ | 53,486,000$ | 48,937,000$ | 35,229,000$ | 19,241,000$ | 24,289,000$ | 114,426,000$ | 37,182,000$ | 56,594,000$ | 13,891,000$ | 14,427,000$ | 13,206,000$ | 12,239,000$ | 124,189,000$ | | | | | | | | | | | | | | | |
| QoQ% | | 2.49% | 1.87% | 1.11% | (3.68%) | 15.69% | 2.70% | 6.29% | 4.43% | 4.19% | 4.64% | 3.63% | 3.15% | 3.34% | 14.98% | 3.37% | 2.86% | 4.10% | 4.80% | 4.73% | 24.75% | 7.06% | 6.91% | 5.24% | 2.94% | 3.86% | 22.22% | 7.78% | 13.44% | 3.41% | 3.67% | 3.48% | 3.33% | 51.05% | | | | | | | | | | | | | | | |
| YoY | | 37,449,000$ | 286,327,000$ | 296,485,000$ | 384,267,000$ | 542,226,000$ | 306,392,000$ | 327,847,000$ | 270,784,000$ | 241,345,000$ | 220,125,000$ | 331,761,000$ | 317,181,000$ | 304,330,000$ | 302,712,000$ | 169,475,000$ | 177,248,000$ | 344,788,000$ | 352,743,000$ | 350,866,000$ | 338,286,000$ | 156,893,000$ | 127,696,000$ | 193,185,000$ | 195,138,000$ | 232,491,000$ | 222,093,000$ | 122,094,000$ | 98,118,000$ | 53,763,000$ | 164,061,000$ | | | 161,186,000$ | | | | | | | | | | | | | | | |
| YoY% | | 1.67% | 14.77% | 15.70% | 21.63% | 31.88% | 18.77% | 21.01% | 17.98% | 16.53% | 15.58% | 27.01% | 26.69% | 26.34% | 27.27% | 16.00% | 17.53% | 42.53% | 46.59% | 49.54% | 50.27% | 24.00% | 20.29% | 37.51% | 40.84% | 55.19% | 54.52% | 31.07% | 25.84% | 14.63% | 67.44% | | | 78.14% | | | | | | | | | | | | | | | |
| Dividends Paid | | 14,856,000$ | 14,854,000$ | 14,854,000$ | 14,854,000$ | 14,847,000$ | 11,875,000$ | 11,875,000$ | 12,570,000$ | 12,126,000$ | 12,127,000$ | 12,127,000$ | 12,126,000$ | 11,815,000$ | 8,747,000$ | 8,748,000$ | 8,757,000$ | 8,319,000$ | 8,319,000$ | 8,389,000$ | 6,208,000$ | 5,919,000$ | 5,918,000$ | 5,918,000$ | 5,916,000$ | 5,628,000$ | 8,784,000$ | 0$ | 2,842,000$ | 2,554,000$ | 2,554,000$ | 2,554,000$ | 2,554,000$ | 2,266,000$ | | 1,889,000$ | 1,887,000$ | 1,888,000$ | | | | | | | | | | | |
| Additional Paid-In Capital QoQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Treasury Stock | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| QoQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Goodwill | | 8,014,000$ | 8,014,000$ | 8,014,000$ | 8,014,000$ | 8,014,000$ | 8,014,000$ | 8,014,000$ | 8,014,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,845,000$ | 15,574,000$ | 15,574,000$ | 17,144,000$ | 17,477,000$ | 5,302,000$ | 5,369,000$ | 5,139,000$ | 3,902,000$ | 6,037,000$ | | | 523,000$ | | | | | | | | | | | |
| QoQ% | | .00% | .00% | .00% | .00% | .00% | .00% | .00% | (49.42%) | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | 1.74% | .00% | (9.16%) | (1.91%) | 229.63% | (1.25%) | 4.48% | 31.70% | (35.37%) | | | | | | | | | | | | | | | |
| YoY% | | .00% | .00% | .00% | .00% | (49.42%) | (49.42%) | (49.42%) | (49.42%) | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | .00% | 1.74% | 1.74% | (7.58%) | (9.34%) | 193.74% | 190.07% | 233.61% | 347.90% | (12.18%) | | | 646.08% | | | | | | | | | | | | | | | |
| Other Intangible Assets | | 36,000$ | | | | 59,000$ | | | 149,000$ | 742,000$ | 831,000$ | 949,000$ | 1,068,000$ | 1,186,000$ | 1,307,000$ | 1,441,000$ | 1,574,000$ | 1,707,000$ | 1,843,000$ | 1,990,000$ | 2,136,000$ | 2,283,000$ | 2,657,000$ | 3,038,000$ | 3,419,000$ | 3,799,000$ | 4,182,000$ | 4,567,000$ | 3,381,000$ | 3,542,000$ | 1,763,000$ | 1,839,000$ | 1,915,000$ | 1,512,000$ | | | | | | | | | | | | | | | |
| QoQ | | | | | | | | | (593,000$) | (89,000$) | (118,000$) | (119,000$) | (118,000$) | (121,000$) | (134,000$) | (133,000$) | (133,000$) | (136,000$) | (147,000$) | (146,000$) | (147,000$) | (374,000$) | (381,000$) | (381,000$) | (380,000$) | (383,000$) | (385,000$) | 1,186,000$ | (161,000$) | 1,779,000$ | (76,000$) | (76,000$) | 403,000$ | | | | | | | | | | | | | | | | |
| Amortization of Intangible Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Assets | | 19,448,943,000$ | 19,354,647,000$ | 19,141,204,000$ | 18,797,800,000$ | 18,805,732,000$ | 18,652,976,000$ | 18,212,422,000$ | 17,822,576,000$ | 16,952,516,000$ | 16,495,236,000$ | 15,874,872,000$ | 14,240,966,000$ | 12,615,227,000$ | 11,978,722,000$ | 11,086,055,000$ | 9,650,592,000$ | 11,278,638,000$ | 10,952,033,000$ | 9,881,532,000$ | 9,705,260,000$ | 9,645,375,000$ | 9,530,475,000$ | 9,439,400,000$ | 7,908,398,000$ | 6,371,928,000$ | 6,337,186,000$ | 5,287,390,000$ | 3,976,725,000$ | 3,884,163,000$ | 3,806,949,000$ | 3,786,682,000$ | 3,675,849,000$ | 3,393,133,000$ | 3,237,485,000$ | 3,091,500,000$ | 2,800,681,000$ | 2,718,512,000$ | 3,075,098,000$ | | | | | | | | | | |
| QoQ | | 94,296,000$ | 213,443,000$ | 343,404,000$ | (7,932,000$) | 152,756,000$ | 440,554,000$ | 389,846,000$ | 870,060,000$ | 457,280,000$ | 620,364,000$ | 1,633,906,000$ | 1,625,739,000$ | 636,505,000$ | 892,667,000$ | 1,435,463,000$ | (1,628,046,000$) | 326,605,000$ | 1,070,501,000$ | 176,272,000$ | 59,885,000$ | 114,900,000$ | 91,075,000$ | 1,531,002,000$ | 1,536,470,000$ | 34,742,000$ | 1,049,796,000$ | 1,310,665,000$ | 92,562,000$ | 77,214,000$ | 20,267,000$ | 110,833,000$ | 282,716,000$ | 155,648,000$ | 145,985,000$ | 290,819,000$ | 82,169,000$ | (356,586,000$) | | | | | | | | | | | |
| YoY | | 643,211,000$ | 701,671,000$ | 928,782,000$ | 975,224,000$ | 1,853,216,000$ | 2,157,740,000$ | 2,337,550,000$ | 3,581,610,000$ | 4,337,289,000$ | 4,516,514,000$ | 4,788,817,000$ | 4,590,374,000$ | 1,336,589,000$ | 1,026,689,000$ | 1,204,523,000$ | (54,668,000$) | 1,633,263,000$ | 1,421,558,000$ | 442,132,000$ | 1,796,862,000$ | 3,273,447,000$ | 3,193,289,000$ | 4,152,010,000$ | 3,931,673,000$ | 2,487,765,000$ | 2,530,237,000$ | 1,500,708,000$ | 300,876,000$ | 491,030,000$ | 569,464,000$ | 695,182,000$ | 875,168,000$ | 674,621,000$ | 162,387,000$ | | | | | | | | | | | | | | |
| Total Liabilities | | 17,168,184,000$ | 17,129,213,000$ | 16,956,572,000$ | 16,637,065,000$ | 16,562,422,000$ | 16,713,869,000$ | 16,324,275,000$ | 16,046,108,000$ | 15,251,432,000$ | 14,862,521,000$ | 14,314,572,000$ | 12,735,282,000$ | 11,155,488,000$ | 10,566,132,000$ | 9,857,516,000$ | 8,462,089,000$ | 10,123,229,000$ | 9,842,155,000$ | 8,822,468,000$ | 8,694,005,000$ | 8,834,754,000$ | 8,773,340,000$ | 8,731,202,000$ | 7,235,429,000$ | 5,718,200,000$ | 5,707,747,000$ | 4,772,377,000$ | 3,498,894,000$ | 3,462,926,000$ | 3,399,603,000$ | 3,393,763,000$ | 3,296,136,000$ | 3,025,659,000$ | 2,994,200,000$ | | | 2,512,224,000$ | | | | | | | | | | | |
| QoQ | | 38,971,000$ | 172,641,000$ | 319,507,000$ | 74,643,000$ | (151,447,000$) | 389,594,000$ | 278,167,000$ | 794,676,000$ | 388,911,000$ | 547,949,000$ | 1,579,290,000$ | 1,579,794,000$ | 589,356,000$ | 708,616,000$ | 1,395,427,000$ | (1,661,140,000$) | 281,074,000$ | 1,019,687,000$ | 128,463,000$ | (140,749,000$) | 61,414,000$ | 42,138,000$ | 1,495,773,000$ | 1,517,229,000$ | 10,453,000$ | 935,370,000$ | 1,273,483,000$ | 35,968,000$ | 63,323,000$ | 5,840,000$ | 97,627,000$ | 270,477,000$ | 31,459,000$ | | | | | | | | | | | | | | | |
| YoY | | 605,762,000$ | 415,344,000$ | 632,297,000$ | 590,957,000$ | 1,310,990,000$ | 1,851,348,000$ | 2,009,703,000$ | 3,310,826,000$ | 4,095,944,000$ | 4,296,389,000$ | 4,457,056,000$ | 4,273,193,000$ | 1,032,259,000$ | 723,977,000$ | 1,035,048,000$ | (231,916,000$) | 1,288,475,000$ | 1,068,815,000$ | 91,266,000$ | 1,458,576,000$ | 3,116,554,000$ | 3,065,593,000$ | 3,958,825,000$ | 3,736,535,000$ | 2,255,274,000$ | 2,308,144,000$ | 1,378,614,000$ | 202,758,000$ | 437,267,000$ | 405,403,000$ | | | 513,435,000$ | | | | | | | | | | | | | | | |
| Current Ratio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Current Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| QoQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Current Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| QoQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Debt to Asset Ratio | | .88x | .89x | .89x | .89x | .88x | .90x | .90x | .90x | .90x | .90x | .90x | .89x | .88x | .88x | .89x | .88x | .90x | .90x | .89x | .90x | .92x | .92x | .92x | .91x | .90x | .90x | .90x | .88x | .89x | .89x | .90x | .90x | .89x | .92x | | | .92x | | | | | | | | | | | |
| Long Term Debt | | | | | | | | | | | | | | | 97,279,000$ | 1,440,904,000$ | | 1,033,954,000$ | 809,136,000$ | 701,373,000$ | 545,160,000$ | 1,348,256,000$ | 1,618,201,000$ | 1,761,113,000$ | 444,567,000$ | 181,439,000$ | 159,673,000$ | 62,225,000$ | 338,031,000$ | 195,453,000$ | 67,279,000$ | 189,515,000$ | 199,378,000$ | 56,612,000$ | 56,624,000$ | | | 57,006,000$ | | | | | | | | | | | |
| QoQ | | | | | | | | | | | | | | | (1,343,625,000$) | | | 224,818,000$ | 107,763,000$ | 156,213,000$ | (803,096,000$) | (269,945,000$) | (142,912,000$) | 1,316,546,000$ | 263,128,000$ | 21,766,000$ | 97,448,000$ | (275,806,000$) | 142,578,000$ | 128,174,000$ | (122,236,000$) | (9,863,000$) | 142,766,000$ | (12,000$) | | | | | | | | | | | | | | | |
| YoY | | | | | | | | | | | | | | | (711,857,000$) | 739,531,000$ | | (314,302,000$) | (809,065,000$) | (1,059,740,000$) | 100,593,000$ | 1,166,817,000$ | 1,458,528,000$ | 1,698,888,000$ | 106,536,000$ | (14,014,000$) | 92,394,000$ | (127,290,000$) | 138,653,000$ | 138,841,000$ | 10,655,000$ | | | (394,000$) | | | | | | | | | | | | | | | |
| Capital Lease Obligations | | 7,264,000$ | 7,797,000$ | 8,325,000$ | 8,825,000$ | 9,303,000$ | 9,303,000$ | 9,098,000$ | 9,386,000$ | 11,251,000$ | 11,790,000$ | 12,326,000$ | 11,644,000$ | 11,992,000$ | 12,292,000$ | 9,920,000$ | 7,443,000$ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash and Cash Equivalents | | | | | | | | | | | | 377,310,000$ | 369,586,000$ | 226,164,000$ | 323,961,000$ | 258,146,000$ | 411,521,000$ | 1,032,614,000$ | 802,576,000$ | 402,049,000$ | 269,439,000$ | 179,728,000$ | 429,202,000$ | 403,187,000$ | 568,082,000$ | 506,709,000$ | 364,976,000$ | 460,889,000$ | 313,451,000$ | 336,524,000$ | 410,756,000$ | 352,403,000$ | 287,733,000$ | 359,519,000$ | 566,810,000$ | 416,554,000$ | 443,560,000$ | 445,701,000$ | 456,035,000$ | | | | | | | | | | |
| QoQ | | | | | | | | | | | | 7,724,000$ | 143,422,000$ | (97,797,000$) | 65,815,000$ | (153,375,000$) | (621,093,000$) | 230,038,000$ | 400,527,000$ | 132,610,000$ | 89,711,000$ | (249,474,000$) | 26,015,000$ | (164,895,000$) | 61,373,000$ | 141,733,000$ | (95,913,000$) | 147,438,000$ | (23,073,000$) | (74,232,000$) | 58,353,000$ | 64,670,000$ | (71,786,000$) | (207,291,000$) | 150,256,000$ | (27,006,000$) | (2,141,000$) | (10,334,000$) | | | | | | | | | | | |
| YoY | | | | | | | | | | | | 119,164,000$ | (41,935,000$) | (806,450,000$) | (478,615,000$) | (143,903,000$) | 142,082,000$ | 852,886,000$ | 373,374,000$ | (1,138,000$) | (298,643,000$) | (326,981,000$) | 64,226,000$ | (57,702,000$) | 254,631,000$ | 170,185,000$ | (45,780,000$) | 108,486,000$ | 25,718,000$ | (22,995,000$) | (156,054,000$) | (64,151,000$) | (155,827,000$) | (86,182,000$) | 110,775,000$ | | | | | | | | | | | | | | |
| Interest Expenses | | 169,383,000$ | 173,721,000$ | 175,680,000$ | 165,008,000$ | 186,722,000$ | 206,107,000$ | 200,154,000$ | 187,117,000$ | 187,434,000$ | 179,240,000$ | 152,452,000$ | 110,601,000$ | 86,029,000$ | 48,727,000$ | 17,239,000$ | 10,287,000$ | 9,842,000$ | 8,433,000$ | 8,031,000$ | 7,586,000$ | 8,674,000$ | 10,936,000$ | 16,970,000$ | 22,064,000$ | 26,178,000$ | 27,137,000$ | 20,839,000$ | 15,543,000$ | 15,650,000$ | 14,095,000$ | 11,917,000$ | 8,930,000$ | 7,958,000$ | 7,616,000$ | 6,740,000$ | 5,476,000$ | 5,509,000$ | 4,857,000$ | | | | | | | | | | |
| Interest Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |