-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Hmd+M9Ro5OV4LxX6dt9HCCaXzaLPEIEigtpjeklUgFYURms/b4s/IOc4y6z33K0S NnjHasKf2F5ffPV+XmDa2A== 0000012978-95-000012.txt : 19950512 0000012978-95-000012.hdr.sgml : 19950512 ACCESSION NUMBER: 0000012978-95-000012 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19950331 FILED AS OF DATE: 19950511 SROS: CSE SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOISE CASCADE CORP CENTRAL INDEX KEY: 0000012978 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 820100960 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-05057 FILM NUMBER: 95536400 BUSINESS ADDRESS: STREET 1: ONE JEFFERSON SQ STREET 2: P O BOX 50 CITY: BOISE STATE: ID ZIP: 83702 BUSINESS PHONE: 2083846161 10-Q 1 1ST QUARTER TEXT F O R M 10 - Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (X) Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 1995 ( ) Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Transition Period From ___________ to _____________ Commission file number 1-5057 BOISE CASCADE CORPORATION (Exact name of registrant as specified in its charter) Delaware 82-0100960 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1111 West Jefferson P.O. Box 50 Boise, Idaho 83728-0001 (Address of principal executive offices) (Zip Code) (208) 384-6161 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Shares Outstanding Class as of April 30, 1995 Common stock, $2.50 par value 47,109,687 PART I - FINANCIAL INFORMATION Quarterly Financial Statements STATEMENTS OF INCOME (LOSS) (Unaudited) BOISE CASCADE CORPORATION AND SUBSIDIARIES Three Months Ended March 31 1995 1994 (expressed in thousands) Revenues Sales $1,222,960 $ 941,300 Other income, net 1,870 5,110 __________ __________ 1,224,830 946,410 __________ __________ Costs and expenses Materials, labor, and other operating expenses 942,520 826,500 Depreciation and cost of company timber harvested 60,390 58,170 Selling and administrative expenses 97,820 74,180 __________ __________ 1,100,730 958,850 __________ __________ Equity in net income (loss) of affiliates 5,570 (7,540) __________ __________ Income (loss) from operations 129,670 (19,980) __________ __________ Interest expense (37,230) (34,940) Interest income 310 400 Foreign exchange loss - (1,530) __________ __________ (36,920) (36,070) __________ __________ Income (loss) before income taxes 92,750 (56,050) Income tax provision (benefit) 35,710 (18,450) __________ __________ Net income (loss) $ 57,040 $ (37,600) Net income (loss) per common share Primary $ .93 $(1.35) Fully diluted $ .85 $(1.35) Dividends declared per common share $ .15 $ .15 The accompanying notes are an integral part of these Financial Statements. SEGMENT INFORMATION (Unaudited) BOISE CASCADE CORPORATION AND SUBSIDIARIES Three Months Ended March 31 1995 1994 (expressed in thousands) Segment sales Paper and paper products $ 593,920 $ 399,992 Office products 303,287 190,926 Building products 393,438 394,809 Intersegment eliminations and other (67,685) (44,427) __________ __________ $1,222,960 $ 941,300 Segment operating income (loss) Paper and paper products $ 97,998 $ (53,537) Office products 12,563 10,945 Building products 23,484 35,043 Equity in net income (loss) of affiliates 5,570 (7,540) Corporate and other (9,945) (4,891) __________ __________ Income (loss) from operations $ 129,670 $ (19,980) The accompanying notes are an integral part of these Financial Statements. BALANCE SHEETS (Unaudited) BOISE CASCADE CORPORATION AND SUBSIDIARIES March 31 December 31 1995 1994 1994 ASSETS (expressed in thousands) Current Cash and cash items $ 29,601 $ 24,910 $ 22,447 Short-term investments at cost, which approximates market 5,972 6,499 7,007 __________ __________ __________ 35,573 31,409 29,454 Receivables, less allowances of $2,048,000, $1,803,000, and $1,987,000 444,481 373,797 405,661 Inventories 396,922 384,633 423,589 Deferred income tax benefits 63,231 38,289 42,487 Other 17,824 12,577 17,073 __________ __________ __________ 958,031 840,705 918,264 __________ __________ __________ Property Property and equipment Land and land improvements 38,282 37,751 37,775 Buildings and improvements 442,168 425,914 439,936 Machinery and equipment 4,111,682 3,978,426 4,078,302 __________ __________ __________ 4,592,132 4,442,091 4,556,013 Accumulated depreciation (2,103,772) (1,927,812) (2,062,106) __________ __________ __________ 2,488,360 2,514,279 2,493,907 Timber, timberlands, and timber deposits 399,636 375,727 397,721 __________ __________ __________ 2,887,996 2,890,006 2,891,628 __________ __________ __________ Investments in equity affiliates 211,796 307,604 204,498 Other assets 285,277 215,407 279,687 __________ __________ __________ Total assets $4,343,100 $4,253,722 $4,294,077 The accompanying notes are an integral part of these Financial Statements. BALANCE SHEETS (Unaudited) BOISE CASCADE CORPORATION AND SUBSIDIARIES March 31 December 31 1995 1994 1994 LIABILITIES AND SHAREHOLDERS' EQUITY (expressed in thousands) Current Notes payable $ 66,000 $ 19,000 $ 56,000 Current portion of long-term debt 37,188 218,955 58,534 Accounts payable 312,159 246,092 306,848 Accrued liabilities Compensation and benefits 108,663 95,749 107,866 Interest payable 29,986 30,260 36,043 Other 105,625 97,801 92,552 __________ _________ __________ 659,621 707,857 657,843 __________ __________ __________ Debt Long-term debt, less current portion 1,578,914 1,464,810 1,625,148 Guarantee of ESOP debt 230,956 246,856 230,956 __________ __________ __________ 1,809,870 1,711,666 1,856,104 __________ __________ __________ Other Deferred income taxes 188,948 123,984 137,260 Other long-term liabilities 279,778 262,716 278,012 __________ __________ __________ 468,726 386,700 415,272 __________ __________ __________ Shareholders' equity Preferred stock -- no par value; 10,000,000 shares authorized; Series D ESOP: $.01 stated value; 6,208,880, 6,381,129, and 6,294,891 shares outstanding 279,400 287,151 283,270 Deferred ESOP benefit (230,956) (246,856) (230,956) Series E: $.01 stated value; 862,500 shares outstanding at March 31 and December 31, 1994 - 191,466 191,466 Series F: $.01 stated value; 115,000 shares outstanding in each period 111,043 111,043 111,043 Series G: $.01 stated value; 862,500 shares outstanding in each period 176,404 176,404 176,404 Common stock -- $2.50 par value; 200,000,000 shares authorized; 47,037,155, 38,033,681, and 38,284,186 shares outstanding 117,593 95,084 95,710 Additional paid-in capital 172,782 - - Retained earnings 778,617 833,207 737,921 __________ __________ __________ Total shareholders' equity 1,404,883 1,447,499 1,364,858 __________ __________ __________ Total liabilities and shareholders' equity $4,343,100 $4,253,722 $4,294,077 The accompanying notes are an integral part of these Financial Statements. STATEMENTS OF CASH FLOWS (Unaudited) BOISE CASCADE CORPORATION AND SUBSIDIARIES Three Months Ended March 31 1995 1994 (expressed in thousands) Cash provided by (used for) operations Net income (loss) $ 57,040 $ (37,600) Items in income (loss) not using (providing) cash Equity in net (income) loss of affiliates (5,570) 7,540 Depreciation and cost of company timber harvested 60,390 58,170 Deferred income tax provision (benefit) 33,627 (18,450) Amortization and other 3,218 3,804 Receivables (36,997) (22,593) Inventories 27,053 31,590 Accounts payable and accrued liabilities 1,827 (8,718) Current and deferred income taxes 2,411 1,278 Other 2,106 3,532 __________ __________ Cash provided by operations 145,105 18,553 __________ __________ Cash used for investment Expenditures for property and equipment (53,968) (38,578) Expenditures for timber and timberlands (2,166) (2,160) Investments in equity affiliates - (2,398) Purchase of facilities (3,289) (7,122) Other (6,638) (7,211) __________ __________ Cash used for investment (66,061) (57,469) __________ __________ Cash provided by (used for) financing Cash dividends paid Common stock (5,743) (5,698) Preferred stock (9,969) (9,969) __________ __________ (15,712) (15,667) Notes payable 10,000 (12,000) Additions to long-term debt - 95,716 Payments of long-term debt (67,580) (20,484) Other 367 331 __________ __________ Cash provided by (used for) financing (72,925) 47,896 __________ __________ Increase in cash and short-term investments 6,119 8,980 Balance at beginning of the year 29,454 22,429 __________ __________ Balance at March 31 $ 35,573 $ 31,409 The accompanying notes are an integral part of these Financial Statements. Notes to Quarterly Financial Statements (Unaudited) (1) BASIS OF PRESENTATION. The quarterly financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These statements should be read together with the statements and the accom- panying notes included in the Company's 1994 Annual Report. The quarterly financial statements have not been audited by indepen- dent public accountants, but in the opinion of management, all adjustments necessary to present fairly the results for the periods have been included. The net income (loss) for the three months ended March 31, 1995 and 1994, was subject to seasonal variations and necessarily involved estimates and accruals. Except as may be disclosed within these "Notes to Quarterly Financial Statements," the adjustments made were of a normal, recurring nature. Quarterly results are not necessarily indicative of results that may be expected for the year. (2) NET INCOME (LOSS) PER COMMON SHARE. Net income (loss) per common share was determined by dividing net income (loss), as adjusted, by applicable shares outstanding. For the three months ended March 31, 1994, the computation of fully diluted net loss per share was antidilutive; therefore, the amounts reported for primary and fully diluted loss were the same. For the three-month periods ended March 31, 1995 and 1994, primary average shares include only common shares outstanding, and if dilutive, common stock equivalents attributable to stock options, Series E conversion preferred stock prior to converting to shares of the Company's common stock on January 15, 1995, and Series G conversion preferred stock. Excluded common equivalent shares were 16,263,000 at March 31, 1994. In addition to common and common equivalent shares, fully diluted average shares include common shares that would be issuable upon conversion of the Company's other convertible securities. Three Months Ended March 31 1995 1994 (expressed in thousands) Net income (loss) as reported $ 57,040 $ (37,600) Preferred dividends (6,418) (13,648) _________ _________ Primary income (loss) 50,622 (51,248) Assumed conversions: Preferred dividends eliminated 3,715 10,945 Interest on 7% debentures eliminated 849 860 Supplemental ESOP contribution (3,175) (3,144) _________ _________ Fully diluted income (loss) $ 52,011 $ (42,587) Average number of common shares Primary 54,356 38,020 Fully diluted 61,257 61,249 Primary income excludes, and the loss includes, the aggregate amount of dividends on the Company's preferred stock. The dividend attributable to the Company's Series D convertible preferred stock held by the Company's ESOP (employee stock ownership plan) is net of a tax benefit. To determine the fully diluted income (loss), dividends on convertible preferred stock and interest, net of any applicable taxes, have been added back to primary income (loss) to reflect assumed conversions. The fully diluted income was reduced by, and the loss was increased by, the after-tax amount of additional contributions that the Company would be required to make to its ESOP if the Series D ESOP preferred shares were converted to common stock. (3) INVENTORIES. Inventories include the following: March 31 December 31 1995 1994 1994 (expressed in thousands) Finished goods and work in process $266,560 $255,596 $256,732 Logs 52,137 65,596 107,095 Other raw materials and supplies 168,772 148,776 147,211 LIFO reserve (90,547) (85,335) (87,449) ________ ________ ________ $396,922 $384,633 $423,589 (4) INCOME TAXES. The components of the net deferred tax liability on the Company's Balance Sheet were determined as follows:
March 31 December 31 1995 1994 1994 Assets Liabil. Assets Liabil. Assets Liabil. (expressed in millions) Operating loss carryover $157.9 $ - $171.3 $ - $200.5 $ - Employee benefits 107.8 16.4 110.3 10.2 106.2 17.8 Property and equipment and timber and timberlands 80.3 534.7 87.8 507.0 81.6 531.4 Alternative minimum tax 82.1 - 79.8 - 79.6 - Tax credit carryovers 35.0 - 35.3 - 35.7 - Reserves 14.1 2.1 10.7 1.6 14.6 2.0 Inventories 10.1 .2 9.8 .4 10.1 .2 State income taxes - 33.4 4.2 29.7 - 33.4 Deferred charges .2 7.4 .3 12.8 .2 7.9 Differences in basis of nonconsolidated entities 11.3 18.8 - 18.9 11.5 28.5 Other 12.1 23.6 11.5 26.1 10.3 23.9 ______ ______ ______ ______ ______ ______ $510.9 $636.6 $521.0 $606.7 $550.3 $645.1
The estimated tax provision rate for the first three months of 1995 was 38.5%, compared with a tax benefit rate of 32.9% for the same period in the prior year. The change in the rate is primarily due to increased income from the Company's U.S. operations. (5) DEBT. At March 31, 1995, the Company had a $650 million revolving credit agreement with a group of banks. Borrowing under the agreement was $205 million. (6) SERIES E PREFERRED STOCK. On January 15, 1995, the Company's Series E preferred stock converted to 8,625,000 shares of common stock. (7) INVESTMENTS IN EQUITY AFFILIATES. The Company's principal equity affiliate is Rainy River Forest Products Inc. ("Rainy River"). The Company has a 59.66% equity interest and a 49% voting interest. Rainy River is accounted for on the equity method. Other investments include a 30% interest in Rumford Cogeneration Company Limited Partnership and a 50% interest in the general partnership of Pine City Fiber Company. SUMMARIZED FINANCIAL INFORMATION Three Months Ended March 31 1995 1994 (expressed in thousands) Sales $196,220 $105,495 Gross profit (loss) 27,163 (8,863) Net income (loss) 11,314 (13,356) Management's Discussion and Analysis of Financial Condition and Results of Operations First Quarter of 1995, Compared With First Quarter of 1994 Boise Cascade Corporation's net income for the first quarter of 1995 was $57 million, compared with a net loss of $37.6 million for the first quarter of 1994. Primary earnings per common share for the first quarter of 1995 were 93 cents, and fully diluted earnings per share were 85 cents. For the same quarter in 1994, primary and fully diluted loss per share was $1.35. Sales for the first quarter of 1995 were $1.2 billion, compared with $941 million in the first quarter of last year. In October 1994, the Company's Canadian subsidiary, Rainy River Forest Products Inc. ("Rainy River"), completed the sale of units of common stock and debentures in an initial public offering. Boise Cascade holds approximately 60% of Rainy River's economic equity and 49% of its voting equity. Rainy River was accounted for on the equity method retroactive to January 1, 1994, in the Company's consolidated financial statements. The Company's paper segment reported operating income of $98 million in the first quarter of 1995, compared with an operating loss of $53.5 million in the first quarter of 1994. This significant improvement is primarily attributable to surging markets for pulp and paper, which have resulted in significantly increased pulp and paper prices. Average weighted prices rose $231 per ton between the first quarter of 1994 and 1995. Uncoated freesheet and containerboard rose approximately 50% between those quarters. Newsprint and coated paper prices rose an average of 36%, while market pulp prices increased over 100%. Manufacturing costs per ton increased modestly between the comparison quarters. The increase was due in part to higher purchased pulp and wood fiber prices. Paper segment sales rose 48% to $594 million in the first quarter of 1995, primarily due to the increased prices. Sales volumes for the first quarter of 1995 were 739,000 tons, compared with 722,000 tons in the first quarter of 1994. Income in the office products segment improved in the first quarter of 1995 to $12.6 million, compared with $10.9 million in the prior-year quarter. Total sales rose 59% to $303 million, largely as a result of acquisitions and internal expansion. Same-location sales increased 25%, primarily because of increased national accounts business and rising paper prices and volume. Building products operating income declined from $35 million for the year-ago first quarter to $23.5 million. Contributing to the decline in income were higher delivered-log costs and a slowdown in construction, which lessened demand for wood products and caused a decline in lumber prices. Relative to the year-ago quarter, average prices for lumber declined 15%, while plywood prices increased 8%. Unit sales volume for lumber increased 6%, while plywood sales volume was flat. The segment's results continued to be enhanced by a contribution from its growing engineered wood products business. Sales for the building products segment were flat for the comparison quarters. Interest expense was $37.2 million in the first quarter of 1995, compared with $34.9 million in the same period last year. The increase is primarily due to higher interest rates on borrowings under the Company's revolving credit agreement. The Company's debt is predominantly fixed rate. Consequently, when there are changes in short-term market interest rates, the Company experiences only modest changes in interest expense. Total long- and short-term debt outstanding was $1.9 billion at both March 31, 1995 and 1994, and $2.0 billion at December 31, 1994. Financial Condition At March 31, 1995, the Company had working capital of $298 million. Working capital was $133 million at March 31, 1994, and $260 million at December 31, 1994. Cash provided by operations was $145 million for the first three months of 1995, compared with $19 million for the same period in 1994. The Company's revolving credit agreement requires the Company to maintain a minimum amount of net worth and not to exceed a maximum ratio of debt to net worth. The Company's net worth at March 31, 1995, exceeded the defined minimum amount by $70 million. The payment of dividends by the Company is dependent upon the existence of and the amount of net worth in excess of the defined minimum under this agreement. The Company is also required to maintain a defined minimum interest coverage in each successive four-quarter period, which the Company met at March 31, 1995. Capital expenditures, including purchases of facilities, for the first three months of 1995 and 1994 were $59 million and $48 million. Capital expenditures for the year ended December 31, 1994, were $272 million, which included purchases of facilities and the assumption of related long-term debt. An expanded discussion and analysis of financial condition is presented on pages 19 and 20 of the Company's 1994 Annual Report under the captions "Financial Condition" and "Capital Investment." PART II - OTHER INFORMATION Item 1. Legal Proceedings Reference is made to the registrant's annual report on Form 10-K for the year ended December 31, 1994, for information concerning certain legal proceedings. Item 2. Changes in Securities On January 15, 1995, the Company's Series E preferred stock converted to 8,625,000 shares of common stock. The payment of dividends by the Company is dependent upon the existence of and the amount of net worth in excess of the defined minimum under the Company's revolving credit agreement. At March 31, 1995, under this agreement, the Company's net worth exceeded the defined minimum amount by $69,972,000. Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Submission of Matters to a Vote of Security Holders Not applicable. Item 5. Other Information SALE OF MINORITY INTEREST IN BOISE CASCADE OFFICE PRODUCTS CORPORATION. In April 1995, the Company's wholly owned subsidiary, Boise Cascade Office Products Corporation ("BCOP"), completed the initial public offerings of 5,318,750 shares of common stock at a price of $25 per share. After the offerings, the Company owns 82.7% of the outstanding BCOP common stock. The net proceeds of the offerings to BCOP were approximately $123,076,000, of which approximately $101,859,000 was indirectly (through retention of accounts receivable and a small dividend payment) available to the Company for general corporate purposes. The remainder of the proceeds were retained by BCOP for its general corporate purposes. Boise Cascade will record a pretax gain of approximately $60 million in the second quarter of 1995 from the offerings. BCOP has entered into a $225 million revolving credit agreement with a syndicate of banks. The agreement has a term of four years and provides for variable rates of interest based on customary indexes. The revolving credit agreement will be available for general corporate purposes, including to finance its growth, and contains customary restrictive financial and other covenants. At March 31, 1995, there were no borrowings under the agreement. Item 6. Exhibits and Reports on Form 8-K (a) Exhibits. A list of the exhibits required to be filed as part of this report is set forth in the Index to Exhibits, which immediately precedes such exhibits, and is incorporated herein by this reference. (b) Reports on Form 8-K. No reports on Form 8-K were filed during the quarter ended March 31, 1995. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BOISE CASCADE CORPORATION As Duly Authorized Officer and Chief Accounting Officer: /s/Tom E. Carlile Tom E. Carlile Vice President and Controller Date: May 11, 1995 BOISE CASCADE CORPORATION INDEX TO EXHIBITS Filed With the Quarterly Report on Form 10-Q for the Quarter Ended March 31, 1995 Number Description Page Number 12 Ratio of Earnings to Fixed Charges __ 27 Financial Data Schedule __ EX-12 2 EXHIBIT 12 TO 10Q EXHIBIT 12 BOISE CASCADE CORPORATION AND SUBSIDIARIES Ratio of Earnings to Fixed Charges
Three Months Year Ended December 31 Ended March 31 1990 1991 1992 1993 1994 1994 1995 (dollar amounts expressed in thousands) Interest costs $ 142,980 $ 201,006 $ 191,026 $ 172,170 $ 169,170 $ 42,094 $ 42,094 Interest capitalized during the period 35,533 6,498 3,972 2,036 1,630 293 362 Interest factor related to noncapitalized leases (1) 3,803 5,019 7,150 7,485 9,161 2,055 2,423 _________ _________ _________ _________ _________ _________ _________ Total fixed charges $ 182,316 $ 212,523 $ 202,148 $ 181,691 $ 179,961 $ 44,442 $ 44,879 Income (loss) before income taxes $ 121,400 $(128,140) $(252,510) $(125,590) $ (64,750) $ (62,670) $ 92,750 Undistributed (earnings) losses of less than 50% owned persons, net of distributions received 2,966 (1,865) (2,119) (922) (1,110) (1,230) (4,338) Total fixed charges 182,316 212,523 202,148 181,691 179,961 44,442 44,879 Less: Interest capitalized (35,533) (6,498) (3,972) (2,036) (1,630) (293) (362) Guarantee of interest on ESOP debt (24,869) (24,283) (23,380) (22,208) (20,717) (5,198) (4,864) _________ _________ _________ _________ _________ _________ _________ Total earnings (losses) before fixed charges $ 246,280 $ 51,737 $ (79,833) $ 30,935 $ 91,754 $ (24,949) $ 128,065 Ratio of earnings to fixed charges (2) 1.35 - - - - - 2.85 (1) Interest expense for operating leases with terms of one year or longer is based on an imputed interest rate for each lease. (2) Earnings before fixed charges were inadequate to cover total fixed charges by $160,786,000, $281,981,000, $150,756,000, and $88,207,000 for the years ended December 31, 1991, 1992, 1993, and 1994 and $69,391,000 for the three-month period ended March 31, 1994.
EX-27 3 FINANCIAL DATA SCHEDULE TO 10Q
5 The data schedule contains summary financial information extracted from Boise Cascade Corporation's Balance Sheet at March 31, 1995, and from its Statement of Income for the three months ended March 31, 1995. The information presented is qualified in its entirety by reference to such financial statements. 1,000 3-MOS DEC-31-1995 MAR-31-1995 29,601 5,972 444,481 2,048 396,922 958,031 4,991,768 2,103,772 4,343,100 659,621 1,809,870 117,593 0 566,847 720,443 4,343,100 1,222,960 1,224,830 1,002,910 1,100,730 0 0 37,230 92,750 35,710 57,040 0 0 0 57,040 .93 .85
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