2022 Q4 Form 20-F Financial Statement

#000095017023014218 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $578.6M $2.323B $588.9M
YoY Change -1.75% -7.37% 0.73%
Cost Of Revenue $75.29M $348.2M $89.38M
YoY Change -15.76% -7.45% -8.61%
Gross Profit $503.3M $1.975B $499.5M
YoY Change 0.76% -7.35% 2.63%
Gross Profit Margin 86.99% 85.01% 84.82%
Selling, General & Admin $328.6M $1.315B $389.9M
YoY Change -15.71% -32.76% -41.21%
% of Gross Profit 65.29% 66.59% 78.05%
Research & Development $7.369M $42.83M $10.66M
YoY Change -30.85% -30.15% 0.53%
% of Gross Profit 1.46% 2.17% 2.13%
Depreciation & Amortization $6.769M
YoY Change -82.15%
% of Gross Profit 0.34%
Operating Expenses $336.0M $1.358B $400.5M
YoY Change -16.12% -32.68% -40.55%
Operating Profit $167.3M $616.9M $98.98M
YoY Change 69.04% 439.92% -152.93%
Interest Expense $4.745M $6.189M $118.0K
YoY Change 3921.19% 17.98% -97.19%
% of Operating Profit 2.84% 1.0% 0.12%
Other Income/Expense, Net $4.860M $24.53M -$3.145M
YoY Change -254.53% -37.36% -102.87%
Pretax Income $176.6M $648.5M $134.9M
YoY Change 30.9% 228.16% -281.59%
Income Tax $3.424M $11.99M -$20.58M
% Of Pretax Income 1.94% 1.85% -15.25%
Net Earnings $180.6M $644.0M $153.9M
YoY Change 17.38% 193.97% -310.21%
Net Earnings / Revenue 31.22% 27.72% 26.13%
Basic Earnings Per Share $94.14
Diluted Earnings Per Share $26.03 $94.14 $22.89M
COMMON SHARES
Basic Shares Outstanding 6.840M
Diluted Shares Outstanding 6.840M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $824.2M $824.2M $810.9M
YoY Change 1.64% 1.64% -36.58%
Cash & Equivalents $753.6M $753.6M $626.7M
Short-Term Investments $70.54M $70.54M $184.2M
Other Short-Term Assets $144.9M $144.9M $315.7M
YoY Change -54.1% -44.26% 14.51%
Inventory $14.15M $14.20M $8.875M
Prepaid Expenses $25.15M $38.52M
Receivables
Other Receivables $3.678M $10.53M
Total Short-Term Assets $969.1M $969.1M $1.127B
YoY Change -13.98% -13.98% -27.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.088B $1.088B $1.220B
YoY Change -10.78% -10.78% 22.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $73.51M $73.51M $54.84M
YoY Change 34.04% 34.04% -14.44%
Other Assets $143.5M $143.5M $188.4M
YoY Change -23.84% -23.84% -69.98%
Total Long-Term Assets $1.307B $1.307B $1.466B
YoY Change -10.85% -10.85% -14.1%
TOTAL ASSETS
Total Short-Term Assets $969.1M $969.1M $1.127B
Total Long-Term Assets $1.307B $1.307B $1.466B
Total Assets $2.276B $2.276B $2.593B
YoY Change -12.21% -12.21% -20.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $453.4M $453.4M $600.4M
YoY Change -24.48% 125.7% -5.97%
Deferred Revenue $986.1M $1.267B
YoY Change -22.17%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $38.65M $38.65M $38.65M
YoY Change 0.0% 0.0% 18.94%
Total Short-Term Liabilities $1.478B $1.478B $1.906B
YoY Change -22.45% -22.45% -13.2%
LONG-TERM LIABILITIES
Long-Term Debt $143.3M $143.3M $182.0M
YoY Change -21.24% -21.24% 13.31%
Other Long-Term Liabilities $1.028B $1.028B $1.497B
YoY Change -31.3% -31.3% -28.76%
Total Long-Term Liabilities $1.172B $1.172B $1.679B
YoY Change -30.21% -30.21% -25.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.478B $1.478B $1.906B
Total Long-Term Liabilities $1.172B $1.172B $1.679B
Total Liabilities $2.651B $2.651B $3.602B
YoY Change -26.41% -26.41% -19.47%
SHAREHOLDERS EQUITY
Retained Earnings -$407.7M -$3.456B
YoY Change -88.2%
Common Stock $334.9M $2.364B
YoY Change -85.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$374.5M -$374.5M -$1.009B
YoY Change
Total Liabilities & Shareholders Equity $2.276B $2.276B $2.593B
YoY Change -12.21% -12.21% -20.49%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $180.6M $644.0M $153.9M
YoY Change 17.38% 193.97% -310.21%
Depreciation, Depletion And Amortization $6.769M
YoY Change -82.15%
Cash From Operating Activities $1.329M
YoY Change -100.36%
INVESTING ACTIVITIES
Capital Expenditures $470.0K
YoY Change -102.84%
Acquisitions
YoY Change
Other Investing Activities $99.40M
YoY Change -72.33%
Cash From Investing Activities $13.95M
YoY Change -95.93%
FINANCING ACTIVITIES
Cash Dividend Paid $4.721M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.845M
YoY Change -74.69%
NET CHANGE
Cash From Operating Activities 1.329M
Cash From Investing Activities 13.95M
Cash From Financing Activities -9.845M
Net Change In Cash 11.70M
YoY Change -116.84%
FREE CASH FLOW
Cash From Operating Activities $1.329M
Capital Expenditures $470.0K
Free Cash Flow $859.0K
YoY Change -100.24%

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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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ProfitLoss
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ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Depreciation Depletion And Amortization
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IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2022 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2022 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
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CY2022 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020 us-gaap Increase Decrease In Deferred Charges
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CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
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CY2022 us-gaap Increase Decrease In Deferred Charges
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CY2022 us-gaap Increase Decrease In Deferred Charges
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IncreaseDecreaseInRightOfUseAsset
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IncreaseDecreaseInRightOfUseAsset
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IncreaseDecreaseInDeferredTaxAssets
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IncreaseDecreaseInDeferredTaxAssets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 stg Increase Decrease In Lease Liability
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IncreaseDecreaseInDeferredTaxLiabilities
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CY2022 stg Increase Decrease In Deferred Tax Liabilities
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CY2022 stg Increase Decrease In Deferred Tax Liabilities
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CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Longterm Investments
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CY2022 us-gaap Payments To Acquire Longterm Investments
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PaymentsToAcquireShortTermInvestments
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CY2022 us-gaap Payments To Acquire Short Term Investments
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CY2022 us-gaap Payments To Acquire Short Term Investments
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CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Intangible Assets
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CY2020 stg Payments To Acquire Land Use Right
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CY2022 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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CY2022 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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ProceedsFromRepaymentOfLoanToEmployees
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CY2022 stg Proceeds From Repayment Of Loan To Employees
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Payments For Repurchase Of Equity
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CY2022 us-gaap Repayments Of Bank Debt
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
676723000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
757404000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
109813000
CY2020 stg Payables For Leasehold Improvement And Intangible Assets
PayablesForLeaseholdImprovementAndIntangibleAssets
7142000
CY2021 stg Payables For Leasehold Improvement And Intangible Assets
PayablesForLeaseholdImprovementAndIntangibleAssets
6089000
CY2022 stg Payables For Leasehold Improvement And Intangible Assets
PayablesForLeaseholdImprovementAndIntangibleAssets
4436000
CY2022 stg Payables For Leasehold Improvement And Intangible Assets
PayablesForLeaseholdImprovementAndIntangibleAssets
643000
CY2020 stg Payables To Acquiring Buildings
PayablesToAcquiringBuildings
61540000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
11782000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
10264000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
10193000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1478000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
18000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
13615000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1974000
CY2022Q4 stg Sale Or Purchase Of Assets Or Rights Minimum Amount
SaleOrPurchaseOfAssetsOrRightsMinimumAmount
50000
CY2022Q4 stg Option Agreement Maximum Contract Amount
OptionAgreementMaximumContractAmount
50000
CY2021Q4 stg Percentage Of Variable Interest Entity Assets On Consolidated Assets
PercentageOfVariableInterestEntityAssetsOnConsolidatedAssets
0.336
CY2022Q4 stg Percentage Of Variable Interest Entity Assets On Consolidated Assets
PercentageOfVariableInterestEntityAssetsOnConsolidatedAssets
0.396
CY2021Q4 stg Percentage Of Variable Interest Entity Liabilities On Consolidated Liabilities
PercentageOfVariableInterestEntityLiabilitiesOnConsolidatedLiabilities
0.300
CY2022Q4 stg Percentage Of Variable Interest Entity Liabilities On Consolidated Liabilities
PercentageOfVariableInterestEntityLiabilitiesOnConsolidatedLiabilities
0.434
CY2020 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
1042693000
CY2021 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
537273000
CY2022 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
1076379000
CY2020 us-gaap Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
-446621000
CY2021 us-gaap Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
-183346000
CY2022 us-gaap Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
376082000
CY2020 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Operating Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInOperatingActivities
-1663110000
CY2021 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Operating Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInOperatingActivities
-514536000
CY2022 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Operating Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInOperatingActivities
502168000
CY2020 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Investing Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInInvestingActivities
-214045000
CY2021 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Investing Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInInvestingActivities
177164000
CY2022 stg Variable Interest Entity Measure Of Activity Net Cash Generated From Used In Investing Activities
VariableInterestEntityMeasureOfActivityNetCashGeneratedFromUsedInInvestingActivities
-11166000
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972
CY2022 stg Value Added Tax Rate
ValueAddedTaxRate
0.06
CY2022 stg Value Added Tax Rate Simple Vat Collection Method
ValueAddedTaxRateSimpleVatCollectionMethod
0.03
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1090933000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
792926000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
484442000
CY2021Q4 stg Cash And Cash Equivalents At Carrying Value Available For Conversion To Foreign Currency
CashAndCashEquivalentsAtCarryingValueAvailableForConversionToForeignCurrency
123360000
CY2022Q4 stg Cash And Cash Equivalents At Carrying Value Available For Conversion To Foreign Currency
CashAndCashEquivalentsAtCarryingValueAvailableForConversionToForeignCurrency
248617000
CY2021Q4 stg Percentage Of Cash And Cash Equivalents At Carrying Value Available For Conversion To Foreign Currency
PercentageOfCashAndCashEquivalentsAtCarryingValueAvailableForConversionToForeignCurrency
0.197
CY2022Q4 stg Percentage Of Cash And Cash Equivalents At Carrying Value Available For Conversion To Foreign Currency
PercentageOfCashAndCashEquivalentsAtCarryingValueAvailableForConversionToForeignCurrency
0.330
CY2021Q4 stg Variable Rate Financial Instruments
VariableRateFinancialInstruments
184159000
CY2022Q4 stg Variable Rate Financial Instruments
VariableRateFinancialInstruments
70542000
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
184159000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
70542000
CY2020 stg Impairment Loss On Short Term Investments
ImpairmentLossOnShortTermInvestments
0
CY2021 stg Impairment Loss On Short Term Investments
ImpairmentLossOnShortTermInvestments
0
CY2022 stg Impairment Loss On Short Term Investments
ImpairmentLossOnShortTermInvestments
0
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
38524000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
25153000
CY2021Q4 stg Receivables From Third Party Payment Agencies
ReceivablesFromThirdPartyPaymentAgencies
42282000
CY2022Q4 stg Receivables From Third Party Payment Agencies
ReceivablesFromThirdPartyPaymentAgencies
16271000
CY2021Q4 us-gaap Inventory Net
InventoryNet
8875000
CY2022Q4 us-gaap Inventory Net
InventoryNet
14153000
CY2021Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
23487000
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
11652000
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
10775000
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
11043000
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
2930000
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
6861000
CY2021Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
34980000
CY2022Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
4829000
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
10525000
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3678000
CY2021Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
416000
CY2022Q4 us-gaap Due From Employees Current
DueFromEmployeesCurrent
1569000
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3555000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3063000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
176349000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
98272000
CY2020Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
328386000
CY2021Q4 us-gaap Deferred Sales Inducements Net
DeferredSalesInducementsNet
198373000
CY2021 us-gaap Deferred Sales Inducements Additions
DeferredSalesInducementsAdditions
55831000
CY2022 us-gaap Deferred Sales Inducements Additions
DeferredSalesInducementsAdditions
19940000
CY2021 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
185710000
CY2022 us-gaap Deferred Sales Inducements Amortization Expense
DeferredSalesInducementsAmortizationExpense
96454000
CY2021 us-gaap Deferred Sales Inducement Cost Impairment Loss
DeferredSalesInducementCostImpairmentLoss
-134000
CY2022 us-gaap Deferred Sales Inducement Cost Impairment Loss
DeferredSalesInducementCostImpairmentLoss
-134000
CY2021Q4 stg Deferred Sales Inducements Net Of Impairment
DeferredSalesInducementsNetOfImpairment
198373000
CY2022Q4 stg Deferred Sales Inducements Net Of Impairment
DeferredSalesInducementsNetOfImpairment
121725000
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
89353000
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
42886000
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
109020000
CY2022Q4 us-gaap Deferred Costs
DeferredCosts
78839000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
998897000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
973626000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
141249000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
159843000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
857648000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
813783000
CY2021Q4 stg Number Of Properties Acquired
NumberOfPropertiesAcquired
4
CY2020 us-gaap Depreciation
Depreciation
39574000
CY2021 us-gaap Depreciation
Depreciation
36361000
CY2022 us-gaap Depreciation
Depreciation
45371000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5052000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6365000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2761000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1509000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
602000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1304000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1313000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1176000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
333000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1509000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
54844000
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
60891000
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
12622000
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
54844000
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
73513000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1349000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4886000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6453000
CY2020 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
882000
CY2021 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
5000000
CY2022 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
500000
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-391000
CY2021Q4 stg Other Assets Noncurrent Employee Loans
OtherAssetsNoncurrentEmployeeLoans
30702000
CY2022Q4 stg Other Assets Noncurrent Employee Loans
OtherAssetsNoncurrentEmployeeLoans
29908000
CY2021Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
5245000
CY2022Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
2774000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4216000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5198000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40163000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37880000
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
243236000
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
133066000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
139020000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
113189000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
75674000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
39497000
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
31254000
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
24204000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
28770000
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
41869000
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
28762000
CY2021Q4 stg Payables To Educational Institutions
PayablesToEducationalInstitutions
28960000
CY2022Q4 stg Payables To Educational Institutions
PayablesToEducationalInstitutions
23149000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5691000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
13176000
CY2021Q4 stg Payable For Leasehold Improvement And Intangible Assets
PayableForLeaseholdImprovementAndIntangibleAssets
6089000
CY2022Q4 stg Payable For Leasehold Improvement And Intangible Assets
PayableForLeaseholdImprovementAndIntangibleAssets
4436000
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
21300000
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
21040000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
586043000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
436339000
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2204346000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2510400000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2328818000
CY2020 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
555000
CY2021 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
2583000
CY2022 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
5717000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2203791000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2507817000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2323101000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3024443000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2348179000
CY2021 stg Customer With Contract Liability Additions
CustomerWithContractLiabilityAdditions
1930075000
CY2022 stg Customer With Contract Liability Additions
CustomerWithContractLiabilityAdditions
1606642000
CY2021 stg Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
2606339000
CY2022 stg Contract With Customer Liability Deductions
ContractWithCustomerLiabilityDeductions
2263875000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2348179000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1690946000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1266948000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
986086000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1081231000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
704860000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1690946000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
986086000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
177066000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P24M
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
527794000
CY2022 us-gaap Debt Instrument Term
DebtInstrumentTerm
P8Y
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P10Y
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0003
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1
CY2021 stg Transferred To Designated Agent Account For Share Repurchase
TransferredToDesignatedAgentAccountForShareRepurchase
4866000
CY2022 stg Transferred To Designated Agent Account For Share Repurchase
TransferredToDesignatedAgentAccountForShareRepurchase
6742000
CY2021 stg Number Of Deconsolidated Entities
NumberOfDeconsolidatedEntities
2
CY2022 stg Number Of Deconsolidated Entities
NumberOfDeconsolidatedEntities
4
CY2021 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
20000000
CY2022 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
41000
CY2021 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
43967000
CY2022 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
1390000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.732
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
26.94
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q2 us-gaap Share Price
SharePrice
33.00
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29748000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
768000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7181000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2022 us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
As of December 31, 2022, the Group did not have additional operating leases that have not yet commenced.
CY2022 us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
As of December 31, 2022, the Group had no long-term leases that were classified as a financing lease.
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
72698000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
74038000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
22608000
CY2020 stg Operating Lease Noncash Changes In Right Of Use Assets From New Lease Obligations
OperatingLeaseNoncashChangesInRightOfUseAssetsFromNewLeaseObligations
-24720000
CY2021 stg Operating Lease Noncash Changes In Right Of Use Assets From New Lease Obligations
OperatingLeaseNoncashChangesInRightOfUseAssetsFromNewLeaseObligations
4339000
CY2022 stg Operating Lease Noncash Changes In Right Of Use Assets From New Lease Obligations
OperatingLeaseNoncashChangesInRightOfUseAssetsFromNewLeaseObligations
380000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.074
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.076
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
32758000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33616000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
34498000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35533000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
36599000
CY2022Q4 stg Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
316527000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
489531000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
155622000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
333909000
CY2020 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
91814000
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
68292000
CY2022 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
30503000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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162137000
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769000
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
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6727552
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Number Of Operating Segments
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111677000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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167257000
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114662000
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0.50
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0.10
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1647538000
CY2022Q4 us-gaap Due From Affiliate Current
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1383654000
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972

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