-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ALRpWmZuS4r6JwYFnfn9wGm6h/HEwCBt+KErHVY0LDDHrE77M+nsXkIyppjrmtxC fSU1KuQJe3wy3z6nOm09iA== 0000950123-97-009462.txt : 19971113 0000950123-97-009462.hdr.sgml : 19971113 ACCESSION NUMBER: 0000950123-97-009462 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970930 FILED AS OF DATE: 19971113 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERADA HESS CORP CENTRAL INDEX KEY: 0000004447 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 134921002 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 001-01204 FILM NUMBER: 97715428 BUSINESS ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2129978500 FORMER COMPANY: FORMER CONFORMED NAME: AMERADA PETROLEUM CORP DATE OF NAME CHANGE: 19690727 10-Q 1 AMERADA HESS CORPORATION 1 =============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 1997 or [ ] 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 1-1204 _________________ AMERADA HESS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE (State or other jurisdiction of incorporation or organization) 13-4921002 (I.R.S. employer identification number) 1185 AVENUE OF THE AMERICAS, NEW YORK, N.Y. (Address of principal executive offices) 10036 (Zip Code) (Registrant's telephone number, including area code is (212) 997-8500) 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 ___ At September 30, 1997, 91,675,105 shares of Common Stock were outstanding. =============================================================================== 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS. AMERADA HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES STATEMENT OF CONSOLIDATED INCOME (in thousands, except per share data)
THREE MONTHS NINE MONTHS ENDED SEPTEMBER 30 ENDED SEPTEMBER 30 --------------------------- --------------------------- 1997 1996 1997 1996 ---------- ---------- ---------- ---------- REVENUES Sales (excluding excise taxes) and other operating revenues $1,884,578 $1,746,574 $6,115,368 $6,055,951 Non-operating revenues Asset sales -- 100,262 16,463 529,271 Other 16,719 23,060 64,388 60,978 ---------- ---------- ---------- ---------- Total revenues 1,901,297 1,869,896 6,196,219 6,646,200 ---------- ---------- ---------- ---------- COSTS AND EXPENSES Cost of products sold and operating expenses 1,377,183 1,284,545 4,608,670 4,526,936 Exploration expenses, including dry holes 112,013 64,464 241,336 187,639 Selling, general and administrative expenses 168,154 149,824 476,034 451,526 Interest expense 33,819 33,594 101,226 128,301 Depreciation, depletion, amortization and lease impairment 173,176 166,733 541,002 551,841 Provision for income taxes 14,273 72,909 159,027 259,706 ---------- ---------- ---------- ---------- Total costs and expenses 1,878,618 1,772,069 6,127,295 6,105,949 ---------- ---------- ---------- ---------- NET INCOME $ 22,679 $ 97,827 $ 68,924 $ 540,251 ========== ========== ========== ========== NET INCOME PER SHARE $ .25 $ 1.05 $ .75 $ 5.80 ========== ========== ========== ========== WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 91,765 93,159 92,352 93,101 COMMON STOCK DIVIDENDS PER SHARE $ .15 $ .15 $ .45 $ .45
See accompanying notes to consolidated financial statements. 1 3 PART I - FINANCIAL INFORMATION (CONT'D.) AMERADA HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in thousands of dollars) A S S E T S
SEPTEMBER 30, DECEMBER 31, 1997 1996 ------------ ------------ CURRENT ASSETS Cash and cash equivalents $ 130,570 $ 112,522 Accounts receivable 636,840 848,129 Inventories 1,108,311 1,272,312 Other current assets 197,946 193,881 ------------ ------------ Total current assets 2,073,667 2,426,844 ------------ ------------ INVESTMENTS AND ADVANCES 239,745 218,573 ------------ ------------ PROPERTY, PLANT AND EQUIPMENT Total - at cost 12,224,761 11,902,419 Less reserves for depreciation, depletion, amortization and lease impairment 7,215,181 6,995,136 ------------ ------------ Property, plant and equipment - net 5,009,580 4,907,283 ------------ ------------ DEFERRED INCOME TAXES AND OTHER ASSETS 314,912 231,781 ------------ ------------ TOTAL ASSETS $ 7,637,904 $ 7,784,481 ============ ============ L I A B I L I T I E S A N D S T O C K H O L D E R S ' E Q U I T Y CURRENT LIABILITIES Accounts payable - trade $ 597,553 $ 666,172 Accrued liabilities 448,241 501,369 Deferred revenue 2,003 103,031 Taxes payable 308,794 258,723 Notes payable 54,529 18,000 Current maturities of long-term debt 159,685 189,685 ------------ ------------ Total current liabilities 1,570,805 1,736,980 ------------ ------------ LONG-TERM DEBT 1,780,468 1,660,998 ------------ ------------ CAPITALIZED LEASE OBLIGATIONS 37,939 50,818 ------------ ------------ DEFERRED LIABILITIES AND CREDITS Deferred income taxes 577,466 616,900 Other 381,375 335,154 ------------ ------------ Total deferred liabilities and credits 958,841 952,054 ------------ ------------ STOCKHOLDERS' EQUITY Preferred stock, par value $1.00 Authorized - 20,000,000 shares for issuance in series -- -- Common stock, par value $1.00 Authorized - 200,000,000 shares Issued - 91,675,105 shares at September 30,1997; 93,073,305 shares at December 31, 1996 91,675 93,073 Capital in excess of par value 754,987 754,559 Retained earnings 2,570,558 2,613,920 Equity adjustment from foreign currency translation (127,369) (77,921) ------------ ------------ Total stockholders' equity 3,289,851 3,383,631 ------------ ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,637,904 $ 7,784,481 ============ ============
See accompanying notes to consolidated financial statements. 2 4 PART I - FINANCIAL INFORMATION (CONT'D.) AMERADA HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES STATEMENT OF CONSOLIDATED CASH FLOWS Nine Months Ended September 30 (in thousands)
1997 1996 ----------- ----------- CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 68,924 $ 540,251 Adjustments to reconcile net income to net cash provided by operating activities Depreciation, depletion, amortization and lease impairment 541,002 551,841 Exploratory dry hole costs 151,464 100,835 Pre-tax gain on asset sales (16,463) (529,271) Changes in operating assets and liabilities 225,107 19,398 Deferred income taxes and other items (48,967) (13,359) ----------- ----------- Net cash provided by operating activities 921,067 669,695 ----------- ----------- CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (934,289) (610,038) Proceeds from asset sales and other 56,994 998,358 ----------- ----------- Net cash provided by (used in) investing activities (877,295) 388,320 ----------- ----------- CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in notes payable 38,712 (90,046) Long-term borrowings 236,000 -- Repayment of long-term debt and capitalized lease obligations (156,310) (885,054) Cash dividends paid (55,386) (55,750) Common stock acquired (86,240) (152) ----------- ----------- Net cash used in financing activities (23,224) (1,031,002) ----------- ----------- EFFECT OF EXCHANGE RATE CHANGES ON CASH (2,500) 1,680 ----------- ----------- NET INCREASE IN CASH AND CASH EQUIVALENTS 18,048 28,693 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 112,522 56,071 ----------- ----------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 130,570 $ 84,764 =========== ===========
See accompanying notes to consolidated financial statements. 3 5 PART I - FINANCIAL INFORMATION (CONT'D.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands) Note 1 - The financial statements included in this report reflect all normal and recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the Company's consolidated financial position at September 30, 1997 and December 31, 1996, and the consolidated results of operations for the three and nine-month periods ended September 30, 1997 and 1996 and the consolidated cash flows for the nine-month periods ended September 30, 1997 and 1996. The unaudited results of operations for the interim periods reported are not necessarily indicative of results to be expected for the full year. Certain notes and other information have been condensed or omitted from these interim financial statements. Such statements, therefore, should be read in conjunction with the consolidated financial statements and related notes included in the 1996 Annual Report to Stockholders, which have been incorporated by reference in the Corporation's Form 10-K for the year ended December 31, 1996. Note 2 - Inventories consist of the following:
September 30, December 31, 1997 1996 ---------- ---------- Crude oil and other charge stocks $ 351,794 $ 441,071 Refined and other finished products 644,957 734,141 Materials and supplies 111,560 97,100 ---------- ---------- Total inventories $1,108,311 $1,272,312 ========== ==========
Note 3 - The provision for income taxes consisted of the following:
Three months Nine months ended September 30 ended September 30 -------------------------- -------------------------- 1997 1996 1997 1996 --------- --------- --------- --------- Current $ 30,281 $ 56,756 $ 175,687 $ 234,532 Deferred (16,008) 16,153 (16,660) 25,174 --------- --------- --------- --------- Total $ 14,273 $ 72,909 $ 159,027 $ 259,706 ========= ========= ========= =========
Note 4 - Foreign currency exchange transactions are reflected in selling, general and administrative expenses. The net effect on income, after applicable income taxes, amounted to gains of $1,045 and $596, respectively, for the three and nine-month periods ended September 30, 1997 compared to gains of $282 and $2,925 for the corresponding periods of 1996. 4 6 PART I - FINANCIAL INFORMATION (CONT'D.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands) Note 5 - The Corporation uses futures, forwards, options and swaps to reduce the impact of fluctuations in the prices of crude oil, natural gas and refined products. These contracts correlate to movements in the value of inventory and the prices of crude oil and natural gas, and as hedges, any resulting gains or losses are recorded as part of the hedged transaction. Net deferred losses resulting from the Corporation's hedging activities were approximately $27,000 at September 30, 1997, including $14,000 of unrealized losses. Note 6 - Interest costs related to certain long-term construction projects have been capitalized in accordance with FAS No. 34. During the three and nine-month periods ended September 30, 1997, interest costs of $2,402 and $5,689, respectively, were capitalized. There were no interest costs capitalized for the corresponding periods of 1996. 5 7 PART I - FINANCIAL INFORMATION (CONT'D.) Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION. RESULTS OF OPERATIONS Income excluding asset sales for the third quarter of 1997 amounted to $23 million compared with $27 million for the third quarter of 1996. Income excluding asset sales for the first nine months of 1997 was $58 million compared with $119 million for the first nine months of 1996. The after-tax results by major operating activity for the three and nine month periods ended September 30, 1997 and 1996 were as follows (in millions):
Three months Nine months ended September 30 ended September 30 ------------------ ------------------ 1997 1996 1997 1996 ----- ----- ----- ----- Exploration and production $ 29 $ 22 $ 190 $ 121 Refining, marketing and shipping 32 37 (21) 116 Corporate (9) (3) (23) (14) Interest expense (29) (29) (88) (104) ----- ----- ----- ----- Income excluding asset sales 23 27 58 119 Net gains on asset sales -- 71 11 421 ----- ----- ----- ----- Net income $ 23 $ 98 $ 69 $ 540 ===== ===== ===== ===== Net income per share $ .25 $1.05 $ .75 $5.80 ===== ===== ===== =====
Exploration and production earnings in the third quarter of 1997 include income of $11 million from adjustment of United Kingdom deferred tax liabilities reflecting a reduction in the statutory income tax rate. The asset sale in the first nine months of 1997 represents the sale of a small onshore United States natural gas property. The 1996 asset sales reflect sales of certain United Kingdom and United States oil and gas properties and the Corporation's Canadian and Abu Dhabi operations. Excluding asset sales, earnings from exploration and production activities increased by $7 million in the third quarter of 1997 compared with the third quarter of 1996. The effective income tax rate on foreign exploration and production earnings was lower in 1997 reflecting the reduction in the statutory Corporate income tax rate in the United Kingdom and lower Petroleum Revenue Taxes ("PRT") due to reduced production volumes from PRT paying fields and increased deductible allowances. 6 8 PART I - FINANCIAL INFORMATION (CONT'D.) RESULTS OF OPERATIONS (CONTINUED) Worldwide crude oil and natural gas production increased from third quarter 1996 levels and natural gas selling prices were also higher. Partially offsetting these factors were increased exploration expenses of approximately $48 million, principally as a result of increased exploration activity in the United States and United Kingdom. In addition, average worldwide crude oil selling prices were lower in the third quarter of 1997 than in 1996. Exploration and production earnings increased by $69 million in the first nine months of 1997 compared with the corresponding period of 1996. The increase was primarily due to higher average worldwide crude oil and natural gas selling prices and a lower effective income tax rate in the United Kingdom, partially offset by increased exploration expenses. Exploration expenses were higher as a result of increased activity in the United Kingdom and other international areas, partially offset by lower exploration expense in the United States. It is anticipated that exploration expenses for the full year will exceed the 1996 amount. Increased income taxes on another foreign subsidiary which has utilized its net operating loss carryforward partially offset the lower United Kingdom taxes. The Corporation's average selling prices, including the effects of hedging, were as follows:
Three months Nine months ended September 30 ended September 30 ------------------- ------------------- 1997 1996 1997 1996 ------ ------ ------ ------ Crude oil and natural gas liquids (per barrel) United States $17.89 $15.55 $18.81 $15.59 Foreign 18.61 20.27 19.29 19.15 Natural gas (per Mcf) United States(*) 2.31 2.13 2.38 2.33 Foreign 2.06 1.93 2.28 1.78
(*) Includes sales of purchased gas. The increase in the United States crude oil selling price indicated above largely reflects improved hedging results in 1997. The average foreign natural gas price in the first nine months of 1996 reflects the inclusion of lower priced Canadian gas prior to the sale of the Corporation's Canadian operations in April 1996. 7 9 PART I - FINANCIAL INFORMATION (CONT'D.) RESULTS OF OPERATIONS (CONTINUED) The Corporation's net daily worldwide production was as follows:
Three months Nine months ended September 30 ended September 30 1997 1996 1997 1996 ------- ------- ------- ------- Crude oil and natural gas liquids (barrels per day) United States 44,442 43,168 43,497 51,816 Foreign 172,958 167,406 176,496 182,546 ------- ------- ------- ------- Total 217,400 210,574 219,993 234,362 ======= ======= ======= ======= Natural gas (Mcf per day) United States 303,485 285,089 314,254 348,838 Foreign 160,388 166,018 244,238 352,417 ------- ------- ------- ------- Total 463,873 451,107 558,492 701,255 ======= ======= ======= =======
United States crude oil and natural gas production was lower in the nine months ended September 30, 1997, principally reflecting the effect of asset sales in 1996. Foreign asset sales in 1996, particularly the sale of the Corporation's Canadian operations reduced foreign crude oil and natural gas production. The Corporation's exploration and production earnings will continue to be subject to changes in the selling prices of crude oil and natural gas, the level of exploration spending, the extent of field maintenance, effective income tax rates and other factors. Refining, marketing and shipping operations had income of $32 million in the third quarter of 1997 compared with $37 million in the third quarter of 1996. Refined product margins were comparable in each period as selling prices and related product costs were lower by approximately $1.00 per barrel in 1997. However, the Corporation's fluid catalytic cracking facility in the Virgin Islands was temporarily shutdown for unscheduled maintenance in the third quarter. The cost of repairs and incremental product cost was approximately $8 million. In the first nine months of 1997, refining, marketing and shipping operations incurred a loss of $21 million compared with income of $116 million in the first nine months of 1996. The decrease was primarily due to lower margins for distillates and residual fuel oils in the first half of the year, primarily reflecting the relatively mild winter on the east coast of the United States. A substantial amount of the refining and marketing results in each period related to a refining subsidiary for which income taxes or benefits are not provided due to a cumulative loss carryforward. Refined product sales volumes amounted to approximately 139 million barrels in the first nine months of each year. Refining and marketing earnings will continue to be volatile reflecting industry conditions. 8 10 PART I - FINANCIAL INFORMATION (CONT'D.) RESULTS OF OPERATIONS (CONTINUED) Corporate expenses increased to $9 million and $23 million in the third quarter and first nine months of 1997 compared with $3 million and $14 million in the corresponding periods of 1996. The change was primarily due to the benefit from Corporate income tax adjustments in 1996. After-tax interest expense in the third quarter of 1997 was comparable to the amount in the third quarter of 1996. In the first nine months of 1997, after-tax interest decreased by 15% compared with the corresponding period of 1996, due to lower debt levels. Sales and other operating revenues increased by 8% in the third quarter of 1997, principally reflecting higher gasoline sales volumes. Sales and other operating revenues in the first nine months of 1997 and 1996 were comparable. Non-operating revenues included asset sales of $16 million in the first nine months of 1997 compared with $529 million from the Corporation's program of asset sales in 1996. Selling, general and administrative expenses were higher in the third quarter and nine months of 1997, primarily reflecting increased gasoline station operating costs, including the costs of operating the chain of Florida retail marketing properties acquired in June. Selling, general and administrative expenses also include approximately $21 million and $19 million in the first nine months of 1997 and 1996, respectively, for the Corporation's financial reengineering project and related systems and software upgrade. LIQUIDITY AND CAPITAL RESOURCES Net cash provided by operating activities, including changes in operating assets and liabilities, amounted to $921 million in the first nine months of 1997 compared with $670 million in the first nine months of 1996. The increase was primarily due to changes in working capital items, particularly inventories. Cash flow, excluding asset sales and changes in working capital components, amounted to $734 million and $797 million in the respective periods. In 1996, the Corporation generated proceeds from asset sales of approximately $1 billion, resulting in a substantial decrease in debt. Total debt was $2,053 million at September 30, 1997 compared with $1,939 million at December 31, 1996, resulting in debt to total capitalization ratios of 38.4% and 36.4%, respectively. At September 30, 1997, the Corporation had additional borrowing capacity available under its revolving credit agreement of $1,236 million and additional unused lines of credit under uncommitted arrangements with banks of $441 million. 9 11 PART 1 - FINANCIAL INFORMATION (CONT'D.) LIQUIDITY AND CAPITAL RESOURCES (CONTINUED) Since inception of the Corporation's stock repurchase program in August 1996, through September 30, 1997, 1,828,900 shares have been purchased at a cost of approximately $95 million, including $86 million in 1997. The Corporation uses futures, forwards, options and swaps to reduce the effects of fluctuations in the prices of crude oil, natural gas and refined products. These instruments are used to set the selling prices of crude oil, natural gas and refined products and the related gains or losses are an integral part of the Corporation's selling prices. At September 30, 1997, the Corporation had open hedge positions equal to 10% of its estimated worldwide crude oil production over the next twelve months. The Corporation also had open contracts equal to 23% of its estimated United States natural gas production over the next twelve months. The Corporation had hedges covering 21% of its refining and marketing inventories and had additional short positions approximating 4% of refined products to be manufactured in the next twelve months. As market conditions change, the Corporation will adjust its hedge positions. Capital expenditures in the first nine months of 1997 amounted to $934 million compared with $610 million in the first nine months of 1996. Capital expenditures in 1997 include $177 million for the acquisition of oil and gas properties in the United Kingdom North Sea and a chain of retail marketing properties in Florida. 1997 expenditures also reflect increased development spending for substantial new oil and gas production expected to come on stream in late 1998 and 1999. Capital expenditures for exploration and production activities were $794 million in the first nine months of 1997, including the acquisition of oil and gas properties described above, compared with $574 million in the first nine months of 1996. In October 1997, the Corporation and its partners in the Beryl Field reached agreement on the acquisition of additional oil and gas properties in the United Kingdom North Sea. The acquisition consists of varying interests in three undeveloped oil and gas fields, along with exploration acreage, at a cost to the Corporation of $65 million. The transaction is scheduled to be completed by year-end. The Corporation also announced an agreement to sell its .83% interest in a Norwegian oil field (including satellite fields) for approximately $23 million. Capital expenditures for the remainder of 1997 are currently expected to be approximately $450 million, including the fourth quarter acquisition described above. The majority of the expenditures are expected to be financed by internally generated funds and the remainder by increased long-term borrowings. 10 12 PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS. As reported in Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1996, on September 24, 1996, Region II of the Environmental Protection Agency ("EPA") commenced an administrative proceeding against Registrant and its wholly-owned subsidiary, Hess Oil Virgin Islands Corp. ("HOVIC"), alleging that HOVIC did not determine whether two wastes generated from maintenance activities at HOVIC's refinery were hazardous, and that on six occasions in 1994, such wastes were placed on HOVIC's land treatment units in violation of federal land disposal restrictions regulations. The proceeding sought civil penalties of $165,917. Effective September 18, 1997, HOVIC and the EPA entered into a consent agreement in full settlement of all civil liabilities that might have attached as a result of the allegations in EPA's complaint. Pursuant to the consent agreement, HOVIC paid a civil penalty of $74,000, without admitting EPA's allegations in its complaint or EPA's findings of fact or conclusions of law in the consent agreement. ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K. (a) Exhibits None (b) Reports on Form 8-K The Registrant filed no report on Form 8-K during the three months ended September 30, 1997. 11 13 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. AMERADA HESS CORPORATION (REGISTRANT) By /s/ John B. Hess ----------------------------- JOHN B. HESS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER By /s/ John Y. Schreyer ----------------------------- JOHN Y. SCHREYER EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER Date: November 10, 1997 12 EX-27 2 FINANCIAL DATA SCHEDULE
5 1,000 9-MOS DEC-31-1997 JAN-01-1997 SEP-30-1997 130,570 0 636,840 0 1,108,311 2,073,667 12,224,761 7,215,181 7,637,904 1,570,805 1,780,468 0 0 91,675 3,198,176 7,637,904 6,115,368 6,196,219 4,608,670 4,608,670 0 0 101,226 227,951 159,027 68,924 0 0 0 68,924 .75 .75
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