0000891092-95-000143.txt : 19950816 0000891092-95-000143.hdr.sgml : 19950816 ACCESSION NUMBER: 0000891092-95-000143 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950630 FILED AS OF DATE: 19950815 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OMNICOM GROUP INC CENTRAL INDEX KEY: 0000029989 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 131514814 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-10551 FILM NUMBER: 95564193 BUSINESS ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124153600 MAIL ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH GROUP INC DATE OF NAME CHANGE: 19861117 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH INTERNATIONAL INC DATE OF NAME CHANGE: 19850604 FORMER COMPANY: FORMER CONFORMED NAME: DOYLE DANE BERNBACH INC DATE OF NAME CHANGE: 19781226 10-Q 1 QUARTERLY REPORT FORM 10-Q SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For Quarter Ended: June 30, 1995 Commission file number: 1-10551 Omnicom Group Inc. (Exact name of registrant as specified in its charter) New York 13-1514814 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 437 Madison Avenue, New York, New York 10022 (Address of principal executive offices) (Zip Code) (212) 415-3600 (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__ The number of shares of common stock of the Company issued and outstanding at July 31, 1995 is 36,305,100. OMNICOM GROUP INC. AND SUBSIDIARIES INDEX Page No. -------- PART I. FINANCIAL INFORMATION Item 1. Financial Statements: Consolidated Condensed Balance Sheets -- June 30, 1995, December 31, 1994 and June 30, 1994 2 Consolidated Condensed Statements of Income -- Three Months Ended June 30, 1995 and 1994 Six Months Ended June 30, 1995 and 1994 3 Consolidated Condensed Statements of Cash Flows -- Six Months Ended June 30, 1995 and 1994 4 Notes to Consolidated Condensed Financial Statements 5-8 Item 2. Management's Discussion of Financial Condition and Results of Operations 9-15 PART II OTHER INFORMATION Item 4. Submission of Matters to a Vote of Security Holders 16-17 Item 6. Exhibits 17 -1- PART I. FINANCIAL INFORMATION Item 1. Financial Statements OMNICOM GROUP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (Dollars in Thousands)
Assets June 30, December 31, June 30, 1995 1994 1994 ----------- ----------- ----------- Current assets: Cash and cash equivalents $ 207,877 $ 228,251 $ 155,013 Investments available-for-sale, at market, which approximates cost 25,197 28,383 10,978 Accounts receivable, less allowance for doubtful accounts of $20,807, $19,278 and $19,796 1,279,541 1,139,882 962,808 Billable production orders in process 117,010 65,115 84,248 Prepaid expenses and other current assets 164,968 140,304 121,964 ----------- ----------- ----------- Total current assets 1,794,593 1,601,935 1,335,011 Furniture, equipment and leasehold improvements, less accumulated depreciation and amortization of $234,929, $221,491 and $207,605 177,936 172,153 168,132 Investments in affiliates 184,447 164,524 121,029 Intangibles, less amortization of $149,398, $133,572 and $106,836 813,169 758,460 667,836 Deferred tax benefits 28,632 21,104 9,262 Deferred charges and other assets 137,215 134,028 141,063 ---------- ---------- ---------- Total assets $3,135,992 $2,852,204 $2,442,333 ========== ========== ========== Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 1,349,192 $ 1,425,829 $ 1,024,652 Payable to banks 118,773 12,515 77,556 Convertible Subordinated Debentures (Note 6) -- -- 100,000 Other accrued liabilities 478,236 496,631 351,298 Accrued taxes on income 44,665 51,667 28,493 ----------- ----------- ----------- Total current liabilities 1,990,866 1,986,642 1,581,999 Long term debt 407,440 187,338 300,842 Deferred compensation and other liabilities 89,430 95,973 85,934 Minority interests 53,142 41,549 34,797 Shareholders' equity: Common stock 19,322 19,322 17,536 Additional paid-in capital 360,814 356,199 258,705 Retained earnings 369,539 325,321 291,668 Unamortized restricted stock (35,708) (25,631) (31,888) Cumulative translation adjustment (16,411) (27,671) (29,117) Treasury stock (102,442) (106,838) (68,143) ------------ ------------ ------------ Total shareholders' equity 595,114 540,702 438,761 ------------ ------------ ------------ Total liabilities and shareholders' equity $ 3,135,992 $ 2,852,204 $ 2,442,333 ============ ============ ============
The accompanying notes to consolidated condensed financial statements are an integral part of these balance sheets. -2- OMNICOM GROUP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Dollars in Thousands, Except Per Share Data)
Three Months Ended June 30, Six Months Ended June 30, --------------------------- ------------------------- 1995 1994 1995 1994 ---- ---- ---- ---- Revenues: Commissions and fees $526,039 $425,198 $985,921 $801,736 Operating expenses: Salaries and related costs 286,726 232,067 558,132 450,462 Office and general expenses 158,564 128,204 299,288 248,472 -------- -------- -------- -------- Total operating expenses 445,290 360,271 857,420 698,934 -------- -------- -------- -------- Operating profit 80,749 64,927 128,501 102,802 Net interest expense: Interest and dividend income (2,940) (3,132) (6,730) (5,569) Interest paid or accrued 9,378 9,832 19,544 18,552 -------- -------- -------- -------- Net interest expense 6,438 6,700 12,814 12,983 -------- -------- -------- -------- Income before income taxes and change in accounting principle 74,311 58,227 115,687 89,819 Income taxes: Federal 8,478 8,126 15,463 15,024 State and local 3,530 1,944 5,239 3,722 International 17,890 13,738 25,751 18,225 -------- -------- -------- -------- Total income taxes 29,898 23,808 46,453 36,971 -------- -------- -------- -------- Income after income taxes and before change in accounting principle 44,413 34,419 69,234 52,848 Equity in affiliates 6,141 3,863 8,354 5,952 Minority interests (8,407) (4,784) (11,299) (6,382) -------- -------- -------- -------- Income before change in accounting principle 42,147 33,498 66,289 52,418 Cumulative effect of change in accounting principle -- -- -- (28,009) -------- -------- -------- -------- Net income $ 42,147 $ 33,498 $ 66,289 $ 24,409 ======== ======== ======== ======== Earnings per share: Income before change in accounting principle: Primary $ 1.17 $ 1.02 $ 1.84 $ 1.59 Fully diluted $ 1.14 $ 0.95 $ 1.81 $ 1.52 Cumulative effect of change in accounting principle: Primary $ -- $ -- $ -- $ (0.85) Fully diluted $ -- $ -- $ -- $ (0.85) Net income: Primary $ 1.17 $ 1.02 $ 1.84 $ 0.74 Fully diluted $ 1.14 $ 0.95 $ 1.81 $ 0.74 Dividends declared per common share $ 0.31 $ 0.31 $ 0.62 $ 0.62
The accompanying notes to consolidated condensed financial statements are an integral part of these statements. -3- OMNICOM GROUP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Dollars in Thousands)
Six Months Ended June 30, ------------------------ 1995 1994 ---------- ---------- Cash flows from operating activities: Net income $ 66,289 $ 24,409 Adjustments to reconcile net income to net cash used for operating activities: Depreciation and amortization of tangible assets 20,234 18,091 Amortization of intangible assets 13,860 10,782 Minority interests 11,299 6,117 Earnings of affiliates in excess of dividends received (4,074) (2,413) (Increase) decrease in deferred tax benefits (9,199) 80 Provision for losses on accounts receivable 1,817 2,258 Amortization of restricted shares 5,188 4,594 Increase in accounts receivable (102,078) (32,735) Increase in billable production (49,997) (21,547) Increase in other current assets (10,479) (7,218) Decrease in accounts payable (122,541) (63,070) Decrease in other accrued liabilities (33,076) (56,487) Decrease in accrued income taxes (8,594) (2,431) Other 1,943 26,982 ---------- ---------- Net cash used for operating activities (219,408) (92,588) ---------- ---------- Cash flows from investing activities: Capital expenditures (21,519) (21,199) Payments for purchases of equity interests in subsidiaries and affiliates, net of cash acquired (74,277) (54,518) Payments for purchases of investments available-for-sale and other investments (10,677) (5,386) Proceeds from sales of investments available-for-sale and other investments 14,504 32,781 ---------- ---------- Net cash used for investing activities (91,969) (48,322) ---------- ---------- Cash flows from financing activities: Net borrowings under lines of credit 104,299 44,315 Share transactions under employee stock plans 3,627 4,749 Proceeds from issuance of principal of debt obligations 217,192 107,418 Dividends and loans to minority stockholders (3,396) (4,864) Dividends paid (22,078) (20,166) Purchase of treasury shares (9,881) (19,282) ---------- ---------- Net cash provided by financing activities 289,763 112,170 ---------- ---------- Effect of exchange rate changes on cash and cash equivalents 1,240 8,920 ---------- ---------- Net decrease in cash and cash equivalents (20,374) (19,820) Cash and cash equivalents at beginning of period 228,251 174,833 ---------- ---------- Cash and cash equivalents at end of period $ 207,877 $ 155,013 ========== ========== Supplemental Disclosures: Income taxes paid $ 53,605 $ 29,350 ========== ========== Interest paid $ 15,527 $ 10,431 ========== ==========
The accompanying notes to consolidated condensed financial statements are an integral part of these statements. -4- OMNICOM GROUP INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS 1) The consolidated condensed interim financial statements included herein have been prepared by the Company, without audit, 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, although the Company believes that the disclosures are adequate to make the information presented not misleading. 2) These statements reflect all adjustments, consisting of normal recurring accruals which, in the opinion of management, are necessary for a fair presentation of the information contained therein. Certain reclassifications have been made to the June 30, 1994 reported amounts to conform them with the June 30, 1995 and December 31, 1994 presentation. It is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's latest annual report on Form 10-K. 3) Results of operations for the interim periods are not necessarily indicative of annual results. -5- NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Continued) 4) Primary earnings per share is based upon the weighted average number of common shares and common share equivalents outstanding during each period. Fully diluted earnings per share is based on the above, and if dilutive, adjusted for the assumed conversion of the Company's Convertible Subordinated Debentures and the assumed increase in net income for the after tax interest cost of these debentures. At June 30, 1995, the 4.5%/6.25% Step-Up Convertible Subordinated Debentures were outstanding. At June 30, 1994, the 6.5% Convertible Subordinated Debentures and the 4.5%/6.25% Step-Up Convertible Subordinated Debentures were outstanding. The number of shares used in the computations of primary and fully diluted earnings per share were as follows: Three Months Six Months Ended June 30, Ended June 30, ------------------------- ------------------------- 1995 1994 1995 1994 ---------- ---------- ---------- ---------- Primary 36,067,400 33,027,000 35,998,100 33,012,800 Fully diluted 38,723,000 39,225,700 38,679,700 39,209,400 For purposes of computing fully diluted earnings per share on net income and the cumulative effect of the change in accounting principle for the six months ended June 30, 1994, the Company's Convertible Subordinated Debentures were not reflected in the computations as their inclusion would have been anti-dilutive. -6- NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Continued) 5) On January 4, 1995, an indirect wholly-owned subsidiary of the Company issued Deutsche Mark 200 million Floating Rate Bonds (approximately $130 million at the January 4, 1995 exchange rate). The bonds are unsecured, unsubordinated obligations of the issuer and are unconditionally and irrevocably guaranteed by the Company. The bonds bear interest at a per annum rate equal to Deutsche Mark three month LIBOR plus 0.65% and may be redeemed at the option of the issuer on January 5, 1997 or any interest payment date thereafter at their principal amount plus any accrued but unpaid interest. Unless redeemed earlier, the bonds will mature on January 5, 2000 and will be repaid at par. 6) On June 1, 1994, the Company issued a Notice of Redemption for its $100 million 6.5% Convertible Subordinated Debentures with a scheduled maturity in 2004. Prior to the July 27, 1994 redemption date, debenture holders elected to convert all of their outstanding debentures into common stock of the Company at a conversion price of $28.00 per common share. -7- NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Continued) 7) Effective January 1, 1994, the Company adopted the provisions of Statement of Financial Accounting Standards No. 112 "Employers' Accounting for Postemployment Benefits" ("SFAS 112"). The cumulative after tax effect of the adoption of this Statement decreased net income by $28,009,000. 8) Effective January 1, 1996 the Company is required to adopt SFAS No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of" ("SFAS No. 121"). The Company estimates that the adoption of SFAS No. 121 will not have a material effect on the results of operations or the financial position of the Company. -8- Item 2. MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Results of Operations Second Quarter 1995 Compared to Second Quarter 1994 Consolidated worldwide revenues from commission and fee income increased 23.7% from $425,198,000 in the second quarter of 1994 to $526,039,000 in the second quarter of 1995. Consolidated domestic revenues increased 16.5% from $209,096,000 in 1994 to $243,591,000 in 1995. Consolidated international revenues increased 30.7% from $216,102,000 in 1994 to $282,448,000 in 1995. Absent the effect of the net acquisitions of subsidiary companies and movements in international currency exchange rates, consolidated worldwide revenues would have increased 14.2% in the second quarter of 1995 as compared to the same period in 1994. Operating expenses increased 23.6% in the second quarter of 1995 as compared to the second quarter of 1994. Excluding the effect of the net acquisition activity and movements in international currency exchange rates mentioned above, operating expenses increased 14.7% over 1994 levels. This increase reflects normal salary increases and growth in client service expenditures to support the increased revenue base. Operating expenses as a percentage of commissions and fees were 84.6% in the second quarter of 1995 as compared to 84.7% in the second quarter of 1994. -9- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Net interest expense decreased by $262,000 in the second quarter of 1995 as compared to the same period in 1994. This decrease reflects lower average interest rates on borrowings, primarily due to the conversion of the Company's 6.5% Convertible Subordinated Debentures in July 1994. Pretax profit margin was 14.1% in the second quarter of 1995 as compared to 13.7% in the same period in 1994. Operating margin, which excludes interest and dividend income and interest expense, was 15.4% in the second quarter of 1995 as compared to 15.3% in the same period in 1994. The effective income tax rate was 40.2% in the second quarter of 1995 as compared to 40.9% in the second quarter of 1994. The decrease primarily reflects a lower international effective tax rate caused by fewer international operating losses with no associated tax benefit and tax planning strategies implemented in certain non-U.S.countries. The increase in equity in affiliates is indicative of greater profits earned by companies in which the Company owns less than a 50% equity interest. The increase in minority interest expense is primarily due to greater earnings by companies where minority interests exist; additional minority interests -10- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) resulting from acquisitions; and the acquisition of a majority interest in several companies which were previously less than 50% owned. Net income increased 25.8% to $42,147,000 in the second quarter of 1995 as compared to $33,498,000 in the same period in 1994. Absent the effect of net acquisitions and movements in international currency exchange rates, net income increased 18.0% in the second quarter of 1995 as compared to the second quarter of 1994. Six Months 1995 Compared to Six Months 1994 Consolidated worldwide commission and fee income increased 23.0% from $801,736,000 in the first six months of 1994 to $985,921,000 in the first six months of 1995. Consolidated domestic commission and fee income increased 15.2% from $406,038,000 in the first six months of 1994 to $467,930,000 in the same period in 1995. Consolidated international commission and fee income increased 30.9% from $395,698,000 in the first six months of 1994 to $517,991,000 in the same period in 1995. Absent the effect of movements in international currency exchange rates and net acquisitions of subsidiary companies made subsequent to the second quarter of 1994, consolidated worldwide commission and fee income would have increased 12.7% in the first six months of 1995 versus the first six months of 1994. -11- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Operating expenses increased by 22.7% in the first six months of 1995 as compared to the same period in 1994. Excluding the effect of movements in international currency exchange rates and net acquisition activity, operating expenses would have increased 13.5% over 1994 levels. This increase occurred for reasons discussed in the second quarter narrative above. Net interest expense in the first six months of 1995 was comparable to the same period in 1994. Pretax profit margin for the first six months of 1995 was 11.7% as compared to 11.2% in the same period in 1994. Operating profit margin, which excludes interest and dividend income and interest expense, was 13.0% in the first six months of 1995 as compared to 12.8% in the same period in 1994. The effective income tax rate was 40.2% in the first six months of 1995 as compared to 41.2% in the first six months of 1994. The decrease primarily reflects a lower international effective tax rate caused by fewer international operating losses with no associated tax benefit and tax planning strategies implemented in certain non-U.S.countries. Both equity in affiliates and minority interests increased during the period. The increase in equity in affiliates is indicative of greater profits -12- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) earned by companies in which the Company owns less than a 50% equity interest. The increase in minority interest expense is primarily due to greater earnings by companies where minority interests exist; additional minority interests resulting from acquisitions; and the acquisition of a majority interest in several companies which were previously less than 50% owned. Net income increased 26.5% to $66,289,000 in the first six months of 1995 as compared to $52,418,000, before a change in accounting principle, in the same period in 1994. Absent the effect of net acquisitions and movements in international currency exchange rates, net income would have increased 12.9% in the first six months of 1995 as compared to the same period in 1994. Capital Resources and Liquidity Cash and cash equivalents at June 30, 1995 decreased to $207,877,000 from $228,251,000 at December 31, 1994. This decline is due to the paydown of year-end accrued liabilities and payments to media and other suppliers exceeding collections from clients. Both events are recurring seasonal industry patterns. -13- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) The relationship between payables to the media and suppliers and receivables from clients, at June 30, 1995, compares favorably to customary industry practices. The Company maintains relationships with a number of banks worldwide, which have extended unsecured committed lines of credit in amounts sufficient to meet the Company's cash needs. At June 30, 1995, the Company had $459,581,000 in committed lines of credit, comprised of a $250,000,000 revolving credit agreement expiring June 30, 1997, and $209,581,000 in unsecured committed lines of credit, principally outside of the United States. Of the $459,581,000 in committed lines, $235,496,000 remained available at June 30, 1995. Management believes the aggregate lines of credit available to the Company are adequate to support its short term cash requirements for dividends, capital expenditures, repayment of debt and maintenance of working capital. The Company anticipates that future cash flows from operations plus funds available under existing line of credit facilities will be adequate to support the long term cash requirements as presently contemplated. On January 4, 1995, an indirect wholly-owned subsidiary of the Company issued Deutsche Mark 200 million Floating Rate Bonds (approximately $130 million at the January 4, 1995 exchange rate), due January 5, 2000. The bonds bear -14- MANAGEMENT'S DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) interest at a per annum rate equal to Deutsche Mark three month LIBOR plus 0.65%. The Company has no present plans to introduce incremental additional issues of long term debt. -15- PART II. OTHER INFORMATION Item 4. Submission of Matters to a Vote of Security Holders The Annual Meeting of the Shareholders of the Company was held on May 22, 1995 in New York, New York, at which four matters were submitted to a vote of the share owners: (a) Votes cast for or where authority to vote for was withheld regarding the re-election of six Directors were as follows: AUTHORITY FOR WITHHELD --- -------- (Term Expiring in 1998:) Bruce Crawford 31,935,766 368,654 Peter I. Jones 31,934,113 370,307 Keith L. Reinhard 31,935,044 369,376 Allen Rosenshine 31,935,481 368,939 Gary L. Roubos 32,075,534 228,886 John D. Wren 31,915,532 388,888 (b) Votes cast for or against and the number of abstentions regarding the ratification of the appointment of Arthur Andersen LLP as independent auditors of the Company to serve for 1995 were as follows: FOR 32,202,859 AGAINST 48,275 ABSTAIN 53,286 (c) Votes cast for or against and the number of abstentions regarding the approval of an amendment to the 1987 Stock Plan reserving an additional 1,800,000 shares for issuance were as follows: FOR 24,076,394 AGAINST 7,978,183 ABSTAIN 249,843 -16- PART II. OTHER INFORMATION (Continued) Item 4. Submission of Matters to a Vote of Security Holders (continued) (d) Votes cast for or against and the number of abstentions regarding the approval of 1995 Performance Compensation Plan and individual arrangements established thereunder for certain executive officers were as follows: FOR 31,516,360 AGAINST 585,227 ABSTAIN 202,833 Item 6. Exhibits Exhibit Number Description of Exhibit -------------- ---------------------- 27 Appendix A to Item 601(C) of Regulation S-K Commercial and Industrial Companies - Article 5 of Regulation S-X (filed in electronic format only) 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. Omnicom Group Inc. (Registrant) Date August 14, 1995 /s/ Fred J. Meyer ----------------------- Fred J. Meyer Chief Financial Officer and Director (Principal Financial Officer) Date August 14, 1995 /s/ Dale A. Adams ----------------- Dale A. Adams Controller (Principal Accounting Officer) -17- EX-27 2 FDS --
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS OF OMNICOM GROUP INC. AND SUBSIDIARIES AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 6-MOS DEC-30-1995 JUN-30-1995 207,877 25,197 1,300,348 20,807 0 1,794,593 412,865 234,929 3,135,992 1,990,866 407,440 19,322 0 0 575,792 3,135,992 0 985,921 0 558,132 299,288 1,817 19,544 115,687 46,453 66,289 0 0 0 66,289 1.84 1.81