-----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, B3FRT/DU/c7GSypONDtt7H74Bqe28z6CQ5pzzIpiRqePD6fVDW/FtONPHMnEtpke lpeseDSjdtOcPYGS6L+g9g== 0000916641-96-001067.txt : 19961210 0000916641-96-001067.hdr.sgml : 19961210 ACCESSION NUMBER: 0000916641-96-001067 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19961027 FILED AS OF DATE: 19961209 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITHFIELD FOODS INC CENTRAL INDEX KEY: 0000091388 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 520845861 STATE OF INCORPORATION: DE FISCAL YEAR END: 0427 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-02258 FILM NUMBER: 96677767 BUSINESS ADDRESS: STREET 1: 501 N CHURCH ST CITY: SMITHFIELD STATE: VA ZIP: 23430 BUSINESS PHONE: 8043574321 MAIL ADDRESS: STREET 1: 501 N CHURCH STREET CITY: SMITHFIELD STATE: VA ZIP: 23430 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY EQUITIES CORP DATE OF NAME CHANGE: 19710221 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY REAL ESTATE TRUST DATE OF NAME CHANGE: 19661113 10-Q 1 SMITHFIELDS FOODS, INC. 10-Q 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 quarterly period ended October 27, 1996 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 0-2258 SMITHFIELD FOODS, INC. 900 Dominion Tower 999 Waterside Drive Norfolk, Virginia 23510 (757) 365-3000 Delaware 52-0845861 (State of Incorporation) (I.R.S. Employer Identification Number) 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 Shares outstanding Class at December 9, 1996 - ------------------- ------------------- Common Stock, $.50 par value per share 18,017,015 1-13 SMITHFIELD FOODS, INC. CONTENTS Page PART I. FINANCIAL INFORMATION Item 1. Financial Statements Consolidated Balance Sheets - October 27, 1996 and April 28, 1996 3-4 Consolidated Statements of Operations - 13 Weeks Ended October 27, 1996 and October 29, 1995 and 26 Weeks Ended October 27, 1996 and October 29, 1995 5 Consolidated Statements of Cash Flows - 26 Weeks Ended October 27, 1996 and October 29, 1995 6 Notes to Consolidated Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 8-10 PART II. OTHER INFORMATION Item 2. Legal Proceedings 11 Item 6. Exhibits and Reports on Form 8-K 11-12 2-13 PART I. FINANCIAL INFORMATION SMITHFIELD FOODS, INC. CONSOLIDATED BALANCE SHEETS
October 27, April 28, (In thousands) 1996 1996 - --------------- ------------ ---------- ASSETS (Unaudited) Current assets: Cash $ 21,733 $ 28,529 Accounts receivable less allowances of $993 and $1,084 181,529 144,956 Inventories 279,670 210,759 Advances to joint hog production arrangements 7,632 7,578 Prepaid expenses and other current assets 36,076 28,585 --------- -------- Total current assets 526,640 420,407 --------- -------- Property, plant and equipment 569,228 536,589 Less accumulated depreciation (179,689) (163,866) --------- --------- Net property, plant and equipment 389,539 372,723 --------- --------- Other assets: Investments in partnerships 37,494 29,662 Other 44,913 34,827 --------- --------- Total other assets 82,407 64,489 --------- --------- $ 998,586 $ 857,619 ========= =========
See accompanying notes to consolidated financial statements. 3-13 SMITHFIELD FOODS, INC. CONSOLIDATED BALANCE SHEETS
October 27, April 28, (In thousands) 1996 1996 - -------------- ----------- --------- LIABILITIES AND STOCKHOLDERS' EQUITY (Unaudited) Current liabilities: Notes payable $122,500 $110,563 Current portion of long-term debt and capital lease obligations 10,757 13,392 Accounts payable 154,679 113,344 Accrued expenses and other current liabilities 102,705 95,082 -------- -------- Total current liabilities 390,641 332,381 -------- -------- Long-term debt and capital lease obligations 266,856 188,618 -------- -------- Other noncurrent liabilities: Pension and post-retirement benefits 53,509 59,128 Other 15,961 14,975 -------- -------- Total other noncurrent liabilities 69,470 74,103 -------- -------- Series C 6.75% cumulative convertible redeemable preferred stock, $1.00 par value, 2,000 shares authorized, issued and outstanding 20,000 20,000 -------- -------- Stockholders' equity: Preferred stock, $1.00 par value, authorized 1,000,000 shares - - Common stock, $.50 par value, authorized 25,000,000 shares; issued 18,454,015 and 18,453,015 shares 9,227 9,227 Additional paid-in capital 92,776 92,762 Retained earnings 157,259 148,171 Treasury stock, at cost, 437,000 shares (7,643) (7,643) -------- -------- Total stockholders' equity 251,619 242,517 -------- -------- $998,586 $857,619 ======== ========
See accompanying notes to consolidated financial statements. 4-13 SMITHFIELD FOODS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
13 Weeks 13 Weeks 26 Weeks 26 Weeks Ended Ended Ended Ended (In thousands, except per share data) Oct. 27, 1996 Oct. 29, 1995 Oct. 27, 1996 Oct. 29, 1995 - ------------------------------------- ------------- ------------- ------------- ------------- Sales $ 969,226 $ 455,799 $1,862,096 $ 823,127 Cost of sales 895,649 420,387 1,729,757 766,692 ---------- ---------- ---------- ---------- Gross profit 73,577 35,412 132,339 56,435 Selling, general and administrative expenses 44,017 17,541 86,873 32,631 Depreciation expense 8,350 5,869 17,105 11,248 Interest expense 7,110 5,249 13,100 9,541 ---------- ---------- ---------- ---------- Income from continuing operations before income taxes 14,100 6,753 15,261 3,015 Income taxes 5,083 2,138 5,498 994 ---------- ---------- ---------- ---------- Income from continuing operations 9,017 4,615 9,763 2,021 Loss from discontinued operations, net of tax - - - (1,800) ---------- ---------- ---------- ---------- Net income $ 9,017 $ 4,615 $ 9,763 $ 221 ========== ========== ========== ========== Net income (loss) available to common stockholders $ 8,680 $ 4,431 $ 9,088 $ (131) ========== ========== ========== ========== Income (loss) per common share: Continuing operations $ .46 $ .26 $ .49 $ .10 Discontinued operations - - - (.11) ---------- ---------- ---------- ---------- Net income (loss) $ .46 $ .26 $ .49 $ (.01) ========== ========== ========== ========== Weighted average common shares outstanding 18,695 16,921 18,643 16,909 ========== ========== ========== ==========
See accompanying notes to consolidated financial statements. 5-13 SMITHFIELD FOODS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
26 Weeks 26 Weeks Ended Ended (In thousands) Oct. 27, 1996 Oct. 29, 1995 - -------------- ------------- ------------- Cash flows from operating activities: Net income $ 9,763 $ 221 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 18,632 12,303 Increase in accounts receivable (36,573) (28,045) Increase in inventories (68,911) (64,393) (Increase) decrease in prepaid expenses and other current assets (7,491) 2,290 Increase in other assets (11,636) (1,509) Increase in other liabilities 44,325 15,888 (Gain) loss on sale of property, plant and equipment (278) 702 ---------- ---------- Net cash used in operating activities (52,169) (62,543) ---------- ---------- Cash flows from investing activities: Capital expenditures (36,366) (44,665) Proceeds from sale of property, plant and equipment 2,746 1,175 Investments in partnerships (7,832) (7,117) (Increase) decrease in advances to joint hog production arrangement (54) 5,044 ---------- ---------- Net cash used in investing activities (41,506) (45,563) ---------- ---------- Cash flows from financing activities: Net borrowings on notes payable 11,937 58,905 Proceeds from issuance of long-term debt and capital lease obligations 146,250 31,000 Proceeds from issuance of preferred stock _ 20,000 Principal payments on long-term debt and capital lease obligations (70,647) (4,903) Dividends on preferred stock (675) (352) Exercise of common stock options 14 466 ---------- ---------- Net cash provided by financing activities 86,879 105,116 ---------- ---------- Net decrease in cash (6,796) (2,990) Cash at beginning of period 28,529 14,790 ---------- ---------- Cash at end of period $ 21,733 $ 11,800 ========== ========== Supplemental disclosures of cash flow information: Cash payments during period: Interest (net of amount capitalized) $ 11,702 $ 9,679 ========== =========== Income taxes $ 3,412 $ 526 ========== ===========
See accompanying notes to consolidated financial statements. 6-13 SMITHFIELD FOODS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (1) These statements should be read in conjunction with the Consolidated Financial Statements and related notes which are included in the Registrant's Annual Report for the fiscal year ended April 28, 1996. (2) The financial information furnished herein is unaudited. The information reflects all adjustments (which include only normal recurring adjustments) which are, in the opinion of management, necessary to a fair statement of the financial position and the results of operations for the periods included in this report. (3) Certain expenses in fiscal 1995 previously classified as selling, general and administrative have been reclassified as cost of sales. (4) Inventories consist of the following:
October 27, April 28, (In thousands) 1996 1996 -------------- ----------- ------- Fresh and processed meats $213,039 $154,110 Livestock and manufacturing supplies 60,346 51,145 Other 6,285 5,504 -------- -------- $279,670 $210,759 ======== ========
(5) On November 4, 1996, the Registrant purchased substantially all of the assets and business of the Lykes Meat Group from Lykes Bros. Inc. The purchase price consisted of $28 million in cash, borrowed under the Registrant's line of credit, and assumed liabilities. The purchase price is subject to a post-closing adjustment based upon the final balance sheet of the Lykes Meat Group as of the closing date. The Registrant expects that the final purchase price adjustment will be determined on or before February 3, 1997. 7-13 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS RESULTS OF OPERATIONS On December 20, 1995, the Registrant acquired all of the capital stock of John Morrell & Co. ("John Morrell"). Accordingly, the Registrant's operating results for the second quarter and first half of fiscal 1997 include the results of operations of John Morrell for those periods. 13 Weeks Ended October 27, 1996 - 13 Weeks Ended October 29, 1995 Sales in the second quarter of fiscal 1997 increased $513.4 million, or 112.6%, from the same quarter a year ago. The increase was primarily due to the inclusion of the sales of John Morrell for the period. In addition, significant increases in unit sales prices of both fresh pork and processed meats, reflecting the passthrough of higher raw material costs due to higher live hog costs, and increased sales of fresh pork related to an increase in the number of hogs slaughtered on the second shift at the Registrant's Bladen County, North Carolina plant, contributed to the increase in sales. The increase in sales reflected an 82.2% increase in sales tonnage, primarily the result of the inclusion of the sales of John Morrell. The increase in sales tonnage reflected an 88.8% increase in fresh pork tonnage and a 68.0% increase in processed meats tonnage. Cost of sales increased $475.3 million, or 113.1%, in the second quarter of fiscal 1997, reflecting the increased sales tonnage and a 16.2% increase in live hog costs. Gross profit in the second quarter of fiscal 1997 increased $38.2 million, or 107.8%, compared to the same quarter of fiscal 1996. The increase in gross profit was primarily due to the inclusion of the operations of John Morrell. In addition, the increase in gross profit was due in part to improved margins on sales of processed meats which were substantially offset by lower margins on sales of fresh pork. Gross profit was also favorably affected by a $4.8 million reduction in cost of sales as a result of the performance of the Registrant's hog production group. In the same quarter of fiscal 1996, gross profit was favorably affected by a $5.5 million reduction in the cost of sales as a result of the performance of the group. Selling, general and administrative expenses increased $26.5 million, or 150.9%, in the second quarter of fiscal 1997. The increase was primarily due to the inclusion of the operations of John Morrell. Additionally, the increase reflected higher selling and marketing costs associated with the increase in fresh pork tonnage. Depreciation expense increased $2.5 million, or 42.3%, in the second quarter of fiscal 1997. The increase was primarily due to the inclusion of the operations of John Morrell. Interest expense increased $1.9 million, or 35.5%, in the second quarter of fiscal 1997, reflecting increased carrying costs on higher levels of inventories and accounts receivable related to higher live hog costs, and the higher cost of long-term debt placed during the period, a portion of the proceeds of which were used to repay short-term borrowings at lower interest rates. The effective income tax rate for the second quarter of fiscal 1997 increased to 36.0% from 31.7% in the corresponding period a year ago, reflecting the reduced impact of federal and state tax credits. 8-13 Reflecting the factors discussed above, net income increased to $9.0 million in the second quarter of 1997 compared to net income of $4.6 million in the same quarter of the prior fiscal year. 26 Weeks Ended October 27, 1996 - 26 Weeks Ended October 29, 1995 Sales in the first half of fiscal 1997 increased $1.04 billion, or 126.2%, from the same period a year ago. The increase was primarily due to the inclusion of the sales of John Morrell for the period. In addition, significant increases in unit sales prices of both fresh pork and processed meats, reflecting the passthrough of higher raw material costs due to higher live hog costs, and increased sales of fresh pork related to an increase in the number of hogs slaughtered on the second shift at the Registrant's Bladen County, North Carolina, plant contributed to the increase in sales. The increase in sales reflected an 87.6% increase in sales tonnage, primarily the result of the inclusion of the sales of John Morrell. The increase in sales tonnage reflected a 100.9% increase in fresh pork tonnage and a 71.1% increase in processed meats tonnage. Cost of sales increased $963.1 million, or 125.6%, in the first half of fiscal 1997, reflecting the increased sales tonnage and a 22.5% increase in live hog costs. Gross profit in the first half of fiscal 1997 increased $75.9 million, or 134.5%, compared to the same period of fiscal 1996. The increase in gross profit was primarily due to the inclusion of the operations of John Morrell. In addition, the increase in gross profit was due in part to improved margins on sales of processed meats which were substantially offset by lower margins on sales of fresh pork. Gross profit was also favorably affected by an $11.3 million reduction in cost of sales as a result of the performance of the Registrant's hog production group. In the same period of fiscal 1996, gross profit was favorably affected by an $8.8 million reduction in cost of sales as a result of the performance of the group. Selling, general and administrative expenses increased $54.2 million, or 166.2%, in the first half of fiscal 1997. The increase was primarily due to the inclusion of the operations of John Morrell. Additionally, the increase reflected higher selling and marketing costs associated with the increase in fresh pork tonnage. Depreciation expense increased $5.9 million, or 52.1%, in the first half of fiscal 1997. The increase was related to the inclusion of the operations of John Morrell. Interest expense increased $3.6 million, or 37.3%, in the first half of fiscal 1997, reflecting increased carrying costs on higher levels of inventories and accounts receivable related to higher live hog costs, and the higher cost of long-term debt placed during the period, a portion of the proceeds of which were used to repay short-term borrowings at lower interest rates. The effective income tax rate for the first half of fiscal 1997 increased to 36.0% from 33.0% in the corresponding period a year ago, reflecting the reduced impact of federal and state tax credits. Income from continuing operations increased to $9.8 million in the first half of fiscal 1997 compared to income from continuing operations of $2.0 million a year ago, reflecting the factors discussed above. 9-13 In fiscal 1996, the Registrant incurred a $1.8 million loss from discontinued operations related to the disposition of the assets and business of Ed Kelly, Inc., its former retail electronics subsidiary, which is reported separately as discontinued operations in the Registrant's consolidated statements of operations. Reflecting the factors discussed above, net income increased to $9.8 million in the first six months of 1997 compared to net income of $0.2 million in the same period of the prior fiscal year. LIQUIDITY AND CAPITAL RESOURCES During the first half of fiscal 1997, the Registrant's cash used in operations was $48.0 million, largely the result of a significant increase in the levels of inventories and accounts receivable associated with a build-up of ham inventories for the fall holiday season, and substantially higher live hog costs. Traditionally, the Registrant builds large inventories of hams in the summer months which are sold during the fall holiday season. These sales are converted to cash and used to reduce short-term bank debt in the Registrant's fiscal third quarter. Capital expenditures in the first half of fiscal 1997 totaled $33.6 million, consisting primarily of $17.6 million related to several plant renovation and expansion projects at John Morrell, Patrick Cudahy Incorporated and the Registrant's Bladen County plant, and $10.4 million related to hog production facilities and a feedmill at Brown's. On July 30, 1996, the Registrant privately placed $140.0 million of senior secured notes with a group of institutional lenders. The placement consisted of $40.0 million of seven-year 8.34% notes and $100.0 million of 10-year 8.52% notes secured by four of the Registrant's major processing plants. The proceeds of the financing were used to repay $65.2 million of long-term bank debt and reduce short-term borrowings. In conjunction with the placement of the senior secured notes, the Registrant refinanced $59.7 million of existing institutional long-term debt with the same institutional lenders. The refinancing resulted in revised maturity dates and repayment schedules for the refinanced debt; however, no additional proceeds resulted from this refinancing. In the first quarter of fiscal 1997, the Registrant increased its line of credit to $255.0 million from $200.0 million. The amended line consists of a 364-day, $205.0 million revolving credit facility and a two-year, $50.0 million revolving credit facility. The Registrant is using the short-term facility for seasonal inventory and receivable needs and the long-term facility for working capital and capital expenditures. In the first half of fiscal 1997, the Registrant funded its capital expenditures and increased levels of inventories and accounts receivable with $11.9 million in borrowings under the line of credit, net of the reduction in borrowings from the placement of the senior secured notes. As of October 27, 1996, the Registrant had definitive commitments of $33.2 million for capital expenditures related to current capital projects underway at its meat processing plants and completion of its hog production expansion program at Brown's. The Registrant intends to fund these capital expenditures with internally generated funds. 10-13 PART II - OTHER INFORMATION Item 2. Legal Proceedings Reference is made to the disclosure appearing in Part I, Item 1 of the Registrant's Annual Report on Form 10-K for the fiscal year ended April 28, 1996, under the caption "BUSINESS-Regulation," as supplemented by the disclosure appearing in Part II, Item 2 of the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended July 28, 1996. On October 21, 1996, the Registrant received a letter from the U. S. Department of Justice ("DOJ") threatening a civil action in federal court seeking civil penalties for approximately 5,000 alleged violations of the federal Clean Water Act at its two plants in Smithfield, Virginia. The vast majority of the alleged violations are based upon permit exceedences during the last five years which were expressly excused by a series of administrative consent orders issued by the Virginia State Water Control Board (the "SWCB"). Notwithstanding the fact that the Commonwealth of Virginia, acting through the SWCB, has primary enforcement responsibility in the Clean Water Act's cooperative federal-State permitting scheme, and the fact that the SWCB advised federal authorities of the administrative consent orders when issued, DOJ has taken the position that the state-issued administrative consent orders do not bar a federal action seeking relief for permit violations. While each violation is subject to a civil penalty of up to a maximum of $25,000, the DOJ letter seeks a $3.5 million payment by the Registrant in settlement of the matter. Unless settled by December 9, 1996, or some later agreed upon date, DOJ has indicated that it will proceed to file suit in federal court in Norfolk, Virginia. If DOJ files suit, the Registrant intends to defend such litigation vigorously. As reported in prior disclosures, in the course of a SWCB inspection of the Registrant's Smithfield, Virginia plants in May, 1994, it was discovered that records of certain wastewater discharge tests conducted by the Registrant from 1992 through early 1994 could not be located. The employee responsible for the supervision of the tests and maintenance of the test records was replaced. On October 22, 1996, the former employee pleaded guilty in the United States District Court for the Eastern District of Virginia to 23 violations of the Clean Water Act, including making false reports. Eight of the violations related to his duties as the Registrant's employee at the Smithfield, Virginia plants, while the remaining 15 violations were committed during his outside consulting business activities for public and private entities unrelated to the Registrant. Neither the Registrant nor any of its other employees has been, or is expected to be, charged with any criminal violations arising from the former employee's activities. The Registrant reaffirms its belief, based on its knowledge of the facts and circumstances surrounding the violations and investigations, as summarized herein and in prior disclosures, that the ultimate resolution of these matters will not have a material adverse effect on its financial position or annual results of operations. Item 6. Exhibits and Reports on Form 8-K. A. Exhibits Exhibit 11 - Computation of Net Income (Loss) Per Common Share Exhibit 27 - Financial Data Schedule 11-13 B. Reports on Form 8-K. 1. A Current Report on Form 8-K for November 12, 1996 was filed with the Securities and Exchange Commission on November 14, 1996, to report, under Item 5, the resignation of John O. Nielson, the Registrant's President and Chief Operating Officer. 2. A Current Report on Form 8-K for November 4, 1996 was filed with the Securities and Exchange Commission on November 18, 1996, to report, under items 2 and 7, that the Registrant had purchased substantially all of the assets of the Lykes Meat Group of Lykes Bros. Inc. 12-13 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. SMITHFIELD FOODS, INC. /s/ Aaron D. Trub -------------------------------- Aaron D. Trub Vice President, Secretary and Treasurer /s/ C. Larry Pope -------------------------------- C. Larry Pope Vice President and Controller Date: December 9, 1996 13-13 EX-11 2 EXHIBIT 11 SMITHFIELD FOODS, INC. EXHIBIT 11 COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE Net income (loss) and the number of common shares and common equivalent shares used to present net income (loss) per common share were computed as follows:
13 Weeks 13 Weeks 26 Weeks 26 Weeks Ended Ended Ended Ended Income (loss) (in thousands) Oct. 27, 1996 Oct. 29, 1995 Oct. 27, 1996 Oct. 29, 1995 - ---------------------------- ------------- ------------- ------------- ------------- Net income $ 9,017 $ 4,615 $ 9,763 $ 221 Dividends accumulated for Series B and C preferred stock (337) (184) (675) (352) -------- -------- -------- -------- Net income (loss) available to common stockholders $ 8,680 $ 4,431 $ 9,088 $ (131) ======== ======== ======== ======== Common shares (in thousands) Weighted average common shares: Outstanding 18,017 16,421 18,016 16,409 Net effect of dilutive stock options 678 500 627 500 -------- -------- -------- -------- Common shares for computation 18,695 16,921 18,643 16,909 ======== ======== ======== ======== Net income (loss) per common share $ .46 $ .26 $ .49 $ (.01) ======== ======== ======== ========
EX-27 3 EXHIBIT 27
5 1,000 3-MOS APR-27-1997 OCT-27-1997 21,733 0 182,522 993 279,670 36,076 569,228 179,689 998,586 390,641 266,856 20,000 0 9,227 242,392 998,586 969,226 969,226 895,649 895,649 0 0 7,110 14,100 5,083 9,017 0 0 0 9,017 .46 0
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