-----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, H5MU79E9+1DbWwg4WdD1oxe0gwj9nLpitCydcB1IwySt/dhaarPn4Bg7/onXC7il UO2CnEHOhPiigYvEeidxDA== 0000950153-00-000735.txt : 20000515 0000950153-00-000735.hdr.sgml : 20000515 ACCESSION NUMBER: 0000950153-00-000735 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20000331 FILED AS OF DATE: 20000512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNTELLECT INC CENTRAL INDEX KEY: 0000758830 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 860486871 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 000-18323 FILM NUMBER: 628300 BUSINESS ADDRESS: STREET 1: 1000 HOLCOMB WOODS PARKWAY STREET 2: SUITE 410A CITY: ROSWELL STATE: GA ZIP: 30076 BUSINESS PHONE: 7705870700 MAIL ADDRESS: STREET 1: 1000 HOLCOMB WOODS PARKWAY STREET 2: SUITE 410A CITY: ROSWELL STATE: GA ZIP: 30076 10-Q 1 10-Q 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2000 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: 0 - 18323 SYNTELLECT INC. (Exact name of registrant as specified in its charter) Delaware 86-0486871 (State or other jurisdiction of (IRS employer identification number) incorporation) 20401 North 29th Avenue, Phoenix, Arizona 85027 (Address of principal executive office) (Zip Code) (602) 789-2800 (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. 11,786,242 shares of common stock, $.01 par value per share, were outstanding on May 11, 2000 ================================================================================ 1 2 SYNTELLECT INC. AND SUBSIDIARIES INDEX
Page ---- PART I. FINANCIAL INFORMATION Item 1. Financial Statements Unaudited Condensed Consolidated Balance Sheets - March 31, 2000 and December 31, 1999 3 Unaudited Condensed Consolidated Statements of Operations - Three Months Ended March 31, 2000 and March 31, 1999 4 Unaudited Condensed Consolidated Statements of Cash Flows - Three Months Ended March 31, 2000 and March 31, 1999 5 Notes to Condensed Consolidated Financial Statements 6 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 8 Item 3. Quantitative and Qualitative Disclosure about Market Risk 10 PART II. OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K 11 SIGNATURES 12 EXHIBITS Exhibit Index 13
2 3 ITEM 1. FINANCIAL STATEMENTS SYNTELLECT INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts)
March 31, December 31, 2000 1999 ---- ---- (unaudited) ----------- ASSETS Current assets: Cash and cash equivalents $ 4,657 $ 6,185 Marketable securities ($1,100 restricted) 1,100 1,100 Trade receivables, net of allowance for doubtful accounts of $615 and $784, respectively 9,527 9,999 Other receivables 1,832 1,406 Inventories, net 1,753 2,041 Prepaid expenses 628 677 -------- -------- Total current assets 19,497 21,408 Property and equipment, net 4,464 4,787 Other assets 13 29 -------- -------- Total assets $ 23,974 $ 26,224 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,960 $ 1,873 Accrued liabilities 3,203 3,268 Customer deposits 1,363 3,238 Deferred revenue 3,536 2,914 Capital lease obligations 225 248 -------- -------- Total current liabilities 10,287 11,541 Capital lease obligations - less current portion 244 293 -------- -------- Total liabilities 10,531 11,834 -------- -------- Shareholders' equity: Preferred stock, $.01 par value per share. Authorized 2,500,000 shares; -- -- no shares issued or outstanding Common stock, $.01 par value per share. Authorized 25,000,000 shares; issued 14,271,974 and 13,889,487, respectively 143 139 Additional paid-in capital 61,676 61,177 Accumulated deficit (40,741) (41,938) Accumulated other comprehensive income (loss) 59 (32) -------- -------- 21,137 19,346 Treasury stock, at cost, 2,485,732 and 1,885,732 shares, respectively (7,694) (4,956) -------- -------- Total shareholders' equity 13,443 14,390 -------- -------- Total liabilities and shareholders' equity $ 23,974 $ 26,224 ======== ========
See accompanying notes to unaudited condensed consolidated financial statements. 3 4 SYNTELLECT INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)
Three Months Ended March 31, --------- 2000 1999 ---- ---- Net revenues: System sales $ 7,735 $ 5,888 Hosted services 1,350 2,211 Maintenance and other services 3,633 3,149 -------- -------- Total net revenues 12,718 11,248 Cost of revenues: System sales 3,922 3,576 Hosted services 1,061 1,408 Maintenance and other services 868 1,166 -------- -------- Total cost of revenues 5,851 6,150 -------- -------- Gross margin 6,867 5,098 Operating expenses: Selling, marketing and administrative 4,324 4,980 Research and development 864 1,176 Depreciation and amortization 469 611 -------- -------- Total operating expenses 5,657 6,767 -------- -------- Operating income (loss) 1,210 (1,669) Other income (expense) Interest income 58 101 Other (71) (21) -------- -------- Total other income (expense) (13) 80 -------- -------- Income (loss) before income taxes 1,197 (1,589) Income taxes -- -- -------- -------- Net income (loss) $ 1,197 $ (1,589) ======== ======== Net income (loss) per common share - basic $ .10 $ (.12) ======== ======== Net income (loss) per common share - diluted $ .09 $ (.12) ======== ======== Weighted average shares - basic 11,859 13,505 ======== ======== Weighted average shares - diluted 12,860 13,505 ======== ======== Other comprehensive income (loss), net of tax: Foreign currency translation adjustment 91 (46) Unrealized loss on marketable securities -- (5) -------- -------- Other comprehensive income (loss) 91 (51) -------- -------- Comprehensive income (loss) $ 1,288 $ (1,640) ======== ========
See accompanying notes to unaudited condensed consolidated financial statements. 4 5 SYNTELLECT INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
Three Months Ended March 31, --------- 2000 1999 ---- ---- Cash flows from operating activities: Net income (loss) $ 1,197 $(1,589) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 513 611 Provision for doubtful accounts 102 81 Increase in receivables (56) (3,363) Decrease in inventories 288 219 (Decrease) increase in accounts payable 87 (363) (Decrease) increase in customer deposits (1,875) 584 Increase in deferred revenue 622 972 Decrease in accrued liabilities (65) (183) Change in other assets and liabilities 66 (384) ------- ------- Net cash provided by (used in) operating activities 879 (3,415) ------- ------- Cash flows from investing activities: Purchase of marketable securities -- (3,545) Maturities of marketable securities -- 6,542 Purchase of property and equipment (190) (519) ------- ------- Net cash provided by (used in) investing activities (190) 2,478 ------- ------- Cash flows from financing activities: Proceeds from issuance of common stock 503 19 Purchase of treasury stock (2,738) (158) Principal payments on long-term debt (72) (59) ------- ------- Net cash used in financing activities (2,307) (198) ------- ------- Effect of exchange rates on cash 91 (46) ------- ------- Net decrease in cash and cash equivalents (1,527) (1,181) Cash and cash equivalents at beginning of period 6,184 3,236 ------- ------- Cash and cash equivalents at end of period $ 4,657 $ 2,055 ======= ======= Supplemental disclosure of cash flow information: Cash paid for interest $ 16 $ 21 ======= =======
See accompanying notes to unaudited condensed consolidated financial statements. 5 6 SYNTELLECT INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except shares and per share amounts) (unaudited) (1) BASIS OF PRESENTATION The accompanying unaudited, condensed, consolidated financial statements include the accounts of Syntellect Inc. ("Syntellect" or the "Company") and its wholly-owned subsidiaries, Syntellect Canada Inc., Syntellect Europe Ltd., Syntellect Deutschland GmbH, Syntellect Technology Corporation and Syntellect Interactive Services, Inc. ("SIS"). All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements have been prepared in accordance with generally accepted accounting principles, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the financial statements include all adjustments of a normal recurring nature which are necessary for a fair presentation of the results for the interim periods presented. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. Although the Company believes that the disclosures are adequate to make information presented not misleading, it is suggested that these financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's 1999 Annual Report on Form 10-K. The results of operations for the three months ended March 31, 2000 are not necessarily indicative of the results to be expected for the full year. REVENUE RECOGNITION Syntellect recognizes revenue from sales of systems and services in accordance with Statement of Position 97-2, Software Revenue Recognition ("SOP 97-2"). (2) BUSINESS SEGMENTS Effective for financial statements for fiscal periods beginning after December 15, 1997, Statement of Financial Accounting Standards No. 131, "Disclosures about Segments of an Enterprise and Related Information," requires that an enterprise disclose certain information about operating segments. An operating segment is defined as a component of an enterprise that engages in business activities which may earn revenues and incur expenses, whose results are regularly reviewed by a chief operating decision maker, and for which discrete financial information is available. The Company has three operating segments which are organized around differences in products and services: Systems, Hosted Services ("HS"), and Patents:
(IN THOUSANDS) QUARTER ENDED MARCH 31, 2000 SYSTEMS HS PATENTS TOTAL - ----------------------------- ------- -- ------- - ---- Revenues from customers $ 10,593 $ 1,350 $ 775 $ 12,718 Depreciation and amortization 363 150 -- 513 Segment income (loss) 1,025 (396) 568 1,197 Expenditures for segment assets 40 150 -- 190 QUARTER ENDED MARCH 31, 1999 Revenues from customers $ 9,037 $ 2,211 $ -- $ 11,248 Depreciation and amortization 494 117 -- 611 Segment income (loss) (1,699) 110 -- (1,589) Expenditures for segment assets 311 208 -- 519
6 7 (3) INVENTORIES Inventories consist of the following:
March 31, December 31, 2000 1999 ---- ---- Finished goods $ 942 $ 705 Purchased components 299 611 Repair, warranty and maintenance inventory 1,271 1,600 ----- ----- 2,512 2,916 Less allowances for obsolescence (759) (875) ----- ----- $ 1,753 $ 2,041 ======= =======
7 8 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS NET REVENUES Net revenues for the quarter ended March 31, 2000 were $12.7 million, an increase of 13% from the $11.2 million reported for the first quarter of 1999. Net revenues consist of System Sales, Hosted Services Revenues and Maintenance and Other Services Revenues, which represented 61%, 11% and 28% of net revenues, respectively, for the quarter ended March 31, 2000, and 52%, 20% and 28% of net revenues, respectively, for the comparable prior year period. System Sales for the period ended March 31, 2000 were $7.7 million, an increase of approximately $1.8 million, or 31%, over the $5.9 million reported for the same prior year period. The increase in System Sales was primarily related to sales of the Company's Vista(TM) IVR product in the amount of $5.5 million, or 70% of total System Sales revenues. Core product sales include Vista, an open standards-based Interactive Communications Management (ICM) software platform for enterprise customer call centers; VocalPoint, an open architecture Interactive Voice Response ("IVR") platform; VocalPoint Interactive Services, providing computer telephony integration ("CTI") functionality; and Interactive Web Response ("IWR"). Non-core products include the Premier and Premier 030 proprietary IVR systems. Hosted Services Revenues decreased by $861,000, or 39%, from the same period in 1999. The primary reason for the decline rests with the Company's Home Ticket, a pay-per-view service for cable television providers which is offered through SIS. The cable TV industry has been deploying new order entry technologies for consumer purchases of pay-per-view events which do not utilize toll free 800 numbers. This has resulted in a downward trend in transaction processing fees for the Company; a trend which is expected to continue. To offset the decline in pay-per-view services, Hosted Services has offered other out-sourced electronic capabilities including benefits enrollment, broadcast faxing, call center processing, audiotext, and dealer locators. Maintenance and Other Services Revenues increased by approximately $484,000 between the comparable quarters. The maintenance component decreased $771,000, or 28%. The decrease was anticipated as the Company's VocalPoint ARU product reached end-of-life in 1999 and associated maintenance contracts were not renewed. In addition, the Company sold its predictive dialer product line and associated maintenance contracts in 1999, further reducing maintenance revenues. Revenues from the other services component, which includes patent revenue, increased $1.3 million, or 324%, as compared to the same prior year period. The increase was due primarily to the settlement of a patent lawsuit in the amount of $775,000 which was related to economic rights maintained by the Company after the sale of its patent portfolio in 1997. There were no such revenues in the comparable period of 1999, and the Company does not expect any further patent revenue. International Revenues for the first quarter of 2000 were $5.7 million, or 45% of total revenues, compared to $2 million, or 18% of total revenues, for the first quarter of 1999. International revenues typically consist of a small number of larger orders and are subject to quarter-to-quarter fluctuations. GROSS MARGIN The gross margin percentage for the quarter ended March 31, 2000 was 54% of net revenues as compared to 45% in the prior year quarter. Gross margins for System Sales increased to 49% from 39% between comparable quarters primarily as a result of increased System revenues and the proportion of fixed costs in cost of sales. Gross margins for Hosted Services decreased from 36% to 21% between the comparable quarters. The Hosted Services margins declined on reduced sales primarily due to the relatively fixed nature of hosted services costs. Gross margins on Maintenance and Other Services increased to 76% from 63% between the comparable quarters. Contributing to the increase in Maintenance and Other Services margins were costs which decreased at a faster rate than revenue, and relatively higher margin patent revenues which were absent from the comparable period in 1999. The Company includes those costs directly associated with the generation of revenue in its computation of gross margin, including direct labor, application development, travel, maintenance, customer support, supplies and hardware. Gross margins will fluctuate on a quarterly basis due to changes in competitive pressures, sales volume, product mix, variations in the ratio of domestic versus international sales, or changes in the mix of direct and indirect sales activity. 8 9 Accordingly, the gross margins reported for the first quarter of 2000 are not necessarily indicative of the results to be expected for the full year. OPERATING EXPENSES Operating expenses for the first quarter of 2000 were $5.7 million, a decrease of $1.1 million, or 16%, from the prior year quarter of $6.8 million. Selling, marketing and administrative expenses decreased $656,000, or 13%, compared to the prior year period. The primary reasons for the decrease were the consolidation of the corporate structure and general cost reductions which took place during the second and third quarters of the prior year. Research and development (R&D) expenses decreased $312,000, or 27%, compared to the prior year period. The Company believes that R&D expenses will probably increase in future periods. NET INCOME (LOSS) Syntellect reported a net income of $1.2 million, or $ .09 per diluted share, for the first quarter of 2000, compared to a net loss of $1.6 million, or $ .12 per share, for the prior year quarter. The Company has not recorded income tax expense due to net operating loss carry-forwards, which offset any taxable income. LIQUIDITY AND CAPITAL RESOURCES For the first three months of 2000, the Company had net income of $1.2 million. After adjustment for non-cash activities and the changes in certain balance sheet items, the Company's operations provided positive cash flows of $879,000 compared to negative cash flows of $3.4 million in the same period of 1999. The primary factor affecting the difference between net income and cash flow was the decrease in customer deposits which was only partially offset by the increase in deferred revenues, the decrease in inventories, and the affects of depreciation and the provision for doubtful accounts which are non-cash items Cash flows from investing activities, namely the purchase of property and equipment, used $190,000 during the period. Cash used in financing activities totaled $2.3 million for the period. Proceeds from the issuance of common stock totaled $503,000, while the purchase of treasury stock used $2.7 million and the repayment of long-term debt used $72,000. Syntellect had working capital of $9.2 million at March 31, 2000, as compared with $9.9 million at December 31, 1999. The current ratio was 1.90:1 and 1.85:1 on such dates, respectively. Cash, cash equivalents and marketable securities at the end of the first quarter totaled $5.8 million as compared with $7.3 million at year end. Syntellect expects that its current cash, cash equivalents and marketable securities, combined with future cash flows from operating activities, will be sufficient to support the Company's operations for the remainder of 2000. The Company has letters of credit totaling $1.1 million pledged as security deposits for the Company's facilities in Phoenix and Chicago. These letters of credit are secured by a U.S. Treasury security held in the Company's available-for-sale portfolio and a bank certificate of deposit which are restricted as to disposal by the letters of credit agreements. On November 5, 1999, the Board of Directors of Syntellect approved the stock buyback plan to purchase up to one million shares of its stock over a one-year period. As of May 12, 2000, the Company had repurchased 724,800 shares. OPERATING BUSINESS SEGMENTS An operating segment is defined as a component of an enterprise that engages in business activities which may earn revenues and incur expenses, whose results are regularly reviewed by a chief operating decision maker, and for which discrete financial information is available. The Company has three operating segments which are organized around differences in products and services: Systems; Hosted Services; and Patents (see Note 2). Systems is the operating segment which has products and services including IVR, IWR, CTI, and maintenance. 9 10 Hosted Services is the operating segment which has products and services including Home Ticket pay-per-view, Hot Spots, Call Redirect, Cyberstats, and a variety of out-sourced electronic capabilities such as benefits enrollment and broadcast faxing. Patents is the operating segment which held the Company's patent portfolio. In October 1997, the Company sold the patent portfolio to a third party for $10 million. As additional consideration under the agreement, the Company retained certain economic rights, including the right to pursue certain litigation against third parties. Revenues from Customers include payments for settlement of patent lawsuits. The Company recognized $775,000 in revenue in the quarter ended March 31, 2000 from a patent lawsuit, but had no such revenue in the prior year period. The Company does not expect any further patent related revenue. YEAR 2000 Many currently installed computer systems and software products were coded to accept only two-digit year entries in the date code field. Consequently, subsequent to December 31, 1999, many of these systems became subject to failure or malfunction. Although the Company is not aware of any material Year 2000 issues at this time, Year 2000 problems may occur or be made known to the Company in the future. Year 2000 issues may possibly affect software solutions developed by the Company or third-party software incorporated into the Company's solutions. The Company generally does not guarantee that the software licensed from third parties by the Company's clients is Year 2000 compliant, but the Company does sometimes warrant that solutions written and developed by the Company are Year 2000 compliant. FORWARD LOOKING STATEMENTS This report on Form 10-Q contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Also see "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1999 for a discussion of important factors that could affect the validity of any such forward-looking statements. ITEM 3. FOREIGN CURRENCY EXCHANGE RATE RISK The Company invoices all international customers in U. S. dollars except customers of the Company's United Kingdom (U.K.) subsidiary which are invoiced in pounds sterling. The U.K. subsidiary's financials including balance sheet, revenue, and operating expenses are transacted in pounds sterling. Therefore, the Company's exposure to foreign currency exchange rate risk occurs when translating the financial results of the U.K. subsidiary to U.S. dollars in consolidation. At this time, the Company does not use instruments to hedge its foreign exposure in the U.K. because the effects of foreign exchange rate fluctuations are not material. 10 11 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits Exhibit 11 - Computation of net income per share Exhibit 27.1 - Financial Data Schedule-2000 (b) Reports on Form 8-K No current reports on Form 8-K were filed during the three months ended March 31, 2000. 11 12 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. SYNTELLECT INC. Date: May 11, 2000 By: /s/ Timothy P. Vatuone ---------------------------------------- Timothy P. Vatuone Vice President, Chief Financial Officer, Secretary and Treasurer By: /s/ Keith A. Pekkala --------------------------------------- Keith A. Pekkala Vice President and Controller (Principal Accounting Officer) 12 13 EXHIBIT INDEX Exhibit 11 - Computation of net income per share Exhibit 27.1 - Financial Data Schedule - 2000 13 EX-11 2 EX-11 1 EXHIBIT 11 SYNTELLECT INC. COMPUTATION OF NET INCOME (LOSS) PER SHARE
Three Months Ended March 31 -------- 2000 1999 ---- ---- Numerator: Numerator for basic and diluted income (loss) per share - net income (loss) $ 1,197,000 $ (1,589,000) ============ ============ Denominator: Denominator for basic income (loss) per share - weighted average number of common shares outstanding during the period 11,859,000 13,505,000 Incremental common shares attributable to exercise of outstanding common stock options 1,001,000 -- ------------ ------------ Denominator for diluted income (loss) per share 12,860,000 13,505,000 ============ ============ Basic net income (loss) per share $ 0.10 $ (0.12) ============ ============ Diluted net income (loss) per share $ 0.09 $ (0.12) ============ ============
The computation of diluted loss per share for March 31, 1999 excluded the effect of incremental common shares numbering 557,000 attributable to the exercise of common stock options because their effect would have been anti-dilutive. 14 EX-27.1 3 EX-27.1
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET OF SYNTELLECT, INC. AND SUBSIDIARIES AS OF MARCH 31, 2000, AND THE CONSOLIDATED STATEMENT OF OPERATIONS OF SYNTELLECT, INC. AND SUBSIDIARIES FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 U.S. DOLLARS 3-MOS DEC-31-2000 JAN-01-2000 MAR-31-2000 1 4656 1101 11974 615 1753 19497 13084 8620 23974 10287 0 0 0 143 13300 23974 7735 12718 3922 5851 5657 102 0 1197 0 1197 0 0 0 1197 0.10 0.09
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