2019-Q4 (Winter).pub - Publisher...^W / > s Ed ~^ U Khd/E' ~^ E tKZ µ v E Á z o } v ] u ^ µ u < ]...

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^W/> sEd;^Ϳ Khd/E';^Ϳ E tKZ<^,KW;^Ϳ &ƌŝĚĂLJ :ĂŶ ϯϭ >ƵŶĂƌ EĞǁ zĞĂƌ ĞůĞďƌĂƟŽŶ Ăƚ ŝŵ ^Ƶŵ <ŝŶŐ ϭϭϯϬĂŵ ϯϬϬƉŵ DĞŵďĞƌ ΨϭϬ EŽŶ-ŵĞŵďĞƌ ΨϮϬ ;dŝĐŬĞƚƐ ĂǀĂŝůĂďůĞ ŽŶ :ĂŶ ϭϬͿ dƵĞƐĚĂLJ &Ğď ϰ DĞŵďĞƌƐ DĞĞƟŶŐ ϭϬϰϱĂŵ ϭϭϰϱƉŵ ůů ĂƌĞ tĞůĐŽŵĞ tĞĚŶĞƐĚĂLJ &Ğď ϭϮ sĂůĞŶƟŶĞƐ ĂLJ ĂŶĐĞ WĂƌƚLJ ϭϬϬƉŵ ϰϬϬƉŵ DĞŵďĞƌ ΨϮ EŽŶ-ŵĞŵďĞƌ Ψϯ ;dŝĐŬĞƚƐ ĂǀĂŝůĂďůĞ ŽŶ &Ğď ϮϮͿ &ƌŝĚĂLJ DĂƌ ϮϬ :ĂŶ &Ğď DĂƌ ŝƌƚŚĚĂLJƐ Θ ^ƚ WĂƚƌŝĐŬƐ ĂLJ ĞůĞďƌĂƟŽŶ ϭϭϯϬĂŵ ϭϯϬƉŵ DĞŵďĞƌ Ψϲ EŽŶ-ŵĞŵďĞƌ ΨϭϬ ;dŝĐŬĞƚƐ ĂǀĂŝůĂďůĞ ŽŶ &Ğď ϮϴͿ d ƌƵŵŵŝŶŐ tŽƌŬƐŚŽƉ d &ƌĞĞ ĨŽƌ ŵĞŵďĞƌƐ tŽŽĚ'ƌĞĞŶ ĐƟǀĞ >ŝǀŝŶŐ ĞŶƚƌĞ DĞŵďĞƌƐŚŝƉ ;ŐĞ ϱϱнͿ ƌƵŶƐ ĂŶŶƵĂůůLJ ĨƌŽŵ Ɖƌŝů ϭ ƚŽ DĂƌĐŚ ϯϭ ĂŶĚ ŽīĞƌƐ ĂĐƟǀŝƟĞƐ ĨƌĞĞ ŽĨ ĐŚĂƌŐĞ Žƌ Ăƚ Ă ƐƵďƐŝĚŝnjĞĚ ƌĂƚĞ Ăƚ Ăůů ůŽĐĂƟŽŶƐ /Ĩ LJŽƵ ƌĞŐŝƐƚĞƌ ďĞƚǁĞĞŶ DĞŵďĞƌƐŚŝƉ &ĞĞ DĞŵďĞƌƐŚŝƉ dĞƌŵ;ƐͿ Ɖƌŝů ϭ ^ĞƉƚĞŵďĞƌ ϯϬ ΨϮϬ ;ŶŶƵĂůͿ īĞĐƟǀĞ ŝŵŵĞĚŝĂƚĞůLJ ĂŶĚ ǀĂůŝĚ ƵŶƟů DĂƌĐŚ ϯϭ ŽĨ ƚŚĞ ĨŽůůŽǁŝŶŐ LJĞĂƌ KĐƚŽďĞƌ ϭ DĂƌĐŚ ϭ ΨϭϬ ;,ĂůĨ-zĞĂƌůLJͿ īĞĐƟǀĞ ŝŵŵĞĚŝĂƚĞůLJ ĂŶĚ ǀĂůŝĚ ƵŶƟů DĂƌĐŚ ϯϭ ŽĨ ƚŚĞ ĨŽůůŽǁŝŶŐ LJĞĂƌ DDZ^,/W /E&KZDd/KE &-^ WZK'ZD;^Ϳ ĂŶĐŝŶŐ ǁŝƚŚ WĂƌŬŝŶƐŽŶƐ :ĂŶ DĂƌ ;dŚƵƌͿ ϭϭϬϬĂŵ ϭϮϬϬƉŵ ŽƐƚ ƉĞƌ ĐůĂƐƐ Ψϱ ,>d, Z ^Zs/;^Ϳ &ŽŽƚĐĂƌĞ ůŝŶŝĐ LJ &ŝƌƐƚ ŚŽŝĐĞ &ŽŽƚĐĂƌĞ dŚƵƌƐĚĂLJƐ :ĂŶ ϵ ϯϬ &Ğď ϮϬ DĂƌ ϭϮ ;ƉƉŽŝŶƚŵĞŶƚ KŶůLJͿ ŽƐƚ ΨϰϬϬϬ WůĞĂƐĞ ĐĂůů ϰϭϲ-ϱϭϮ-ϬϵϴϮ ĨŽƌ ŬŝŶŐ ,ĞĂƌŝŶŐ ^ĐƌĞĞŶŝŶŐ LJ ĂŶĂĚŝĂŶ ,ĞĂƌŝŶŐ ^ŽĐŝĞƚLJ dƵĞƐĚĂLJƐ :ĂŶ Ϯϭ &Ğď ϭϴ DĂƌ ϭϳ ;ƉƉŽŝŶƚŵĞŶƚ KŶůLJͿ &ƌĞĞ ĨŽƌ ^ĞŶŝŽƌƐ ϲϱн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tKK'ZE ^E/KZ^ d/s >/s/E' EdZ >Kd/KE^ %URDGYLHZ $YH 0RQ )UL DP WR SP - H[W &R[ZHOO $YH 0RQ )UL DP WR SP - /RJDQ $YH 0RQ )UL DP WR SP - H[W 4XHHQ 6W ( 0RQ )UL DP WR SP - H[W

Transcript of 2019-Q4 (Winter).pub - Publisher...^W / > s Ed ~^ U Khd/E' ~^ E tKZ µ v E Á z o } v ] u ^ µ u < ]...

Page 1: 2019-Q4 (Winter).pub - Publisher...^W / > s Ed ~^ U Khd/E' ~^ E tKZ µ v E Á z o } v ] u ^ µ u < ] v P í í W ï ì u t ï W ì ì u D u

^W/>sEd;^ͿKhd/E';^ͿEtKZ<^,KW;^Ϳ

&ƌŝĚĂLJ :ĂŶϯϭ >ƵŶĂƌEĞǁzĞĂƌĞůĞďƌĂƟŽŶ Ăƚŝŵ^Ƶŵ<ŝŶŐ

ϭϭϯϬĂŵ–ϯϬϬƉŵ DĞŵďĞƌΨϭϬEŽŶ-ŵĞŵďĞƌΨϮϬ ;dŝĐŬĞƚƐĂǀĂŝůĂďůĞŽŶ:ĂŶϭϬͿ

dƵĞƐĚĂLJ &Ğďϰ DĞŵďĞƌƐDĞĞƟŶŐ ϭϬϰϱĂŵ–ϭϭϰϱƉŵ ůůĂƌĞtĞůĐŽŵĞ

tĞĚŶĞƐĚĂLJ &ĞďϭϮ sĂůĞŶƟŶĞƐĂLJĂŶĐĞWĂƌƚLJ ϭϬϬƉŵ–ϰϬϬƉŵ DĞŵďĞƌΨϮEŽŶ-ŵĞŵďĞƌΨϯ ;dŝĐŬĞƚƐĂǀĂŝůĂďůĞŽŶ&ĞďϮϮͿ

&ƌŝĚĂLJ DĂƌϮϬ :ĂŶ&ĞďDĂƌŝƌƚŚĚĂLJƐΘ^ƚWĂƚƌŝĐŬƐĂLJĞůĞďƌĂƟŽŶ

ϭϭϯϬĂŵ–ϭϯϬƉŵ DĞŵďĞƌΨϲEŽŶ-ŵĞŵďĞƌΨϭϬ ;dŝĐŬĞƚƐĂǀĂŝůĂďůĞŽŶ&ĞďϮϴͿ

d ƌƵŵŵŝŶŐtŽƌŬƐŚŽƉ d &ƌĞĞĨŽƌŵĞŵďĞƌƐ

tŽŽĚ'ƌĞĞŶĐƟǀĞ>ŝǀŝŶŐĞŶƚƌĞDĞŵďĞƌƐŚŝƉ;ŐĞϱϱнͿƌƵŶƐĂŶŶƵĂůůLJĨƌŽŵƉƌŝůϭƚŽDĂƌĐŚϯϭĂŶĚŽīĞƌƐĂĐƟǀŝƟĞƐĨƌĞĞŽĨĐŚĂƌŐĞŽƌĂƚĂƐƵďƐŝĚŝnjĞĚƌĂƚĞĂƚĂůůůŽĐĂƟŽŶƐ

/ĨLJŽƵƌĞŐŝƐƚĞƌďĞƚǁĞĞŶ DĞŵďĞƌƐŚŝƉ&ĞĞ DĞŵďĞƌƐŚŝƉdĞƌŵ;ƐͿ

Ɖƌŝůϭ–^ĞƉƚĞŵďĞƌϯϬ ΨϮϬ

;ŶŶƵĂůͿ

īĞĐƟǀĞŝŵŵĞĚŝĂƚĞůLJĂŶĚǀĂůŝĚƵŶƟů DĂƌĐŚϯϭŽĨƚŚĞĨŽůůŽǁŝŶŐLJĞĂƌ

KĐƚŽďĞƌϭ–DĂƌĐŚϭ ΨϭϬ

;,ĂůĨ-zĞĂƌůLJͿ

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DDZ^,/W/E&KZDd/KE

&-^WZK'ZD;^Ϳ

ĂŶĐŝŶŐǁŝƚŚWĂƌŬŝŶƐŽŶƐ :ĂŶ–DĂƌ;dŚƵƌͿ ϭϭϬϬĂŵ–ϭϮϬϬƉŵ

ŽƐƚƉĞƌĐůĂƐƐΨϱ

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dŚƵƌƐĚĂLJƐ:ĂŶϵϯϬ&ĞďϮϬDĂƌϭϮ;ƉƉŽŝŶƚŵĞŶƚKŶůLJͿ ŽƐƚΨϰϬϬϬWůĞĂƐĞĐĂůůϰϭϲ-ϱϭϮ-ϬϵϴϮĨŽƌŬŝŶŐ

,ĞĂƌŝŶŐ^ĐƌĞĞŶŝŶŐ LJĂŶĂĚŝĂŶ ,ĞĂƌŝŶŐ^ŽĐŝĞƚLJ

dƵĞƐĚĂLJƐ:ĂŶϮϭ&ĞďϭϴDĂƌϭϳ;ƉƉŽŝŶƚŵĞŶƚKŶůLJͿ &ƌĞĞĨŽƌ^ĞŶŝŽƌƐϲϱн

:,17(5&$/(1'$5 :RRG*UHHQ&RPPXQLW\6HUYLFHV-6HQLRUV$FWLYH/LYLQJ&HQWUH

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tKK'ZE^E/KZ^d/s>/s/E'EdZ>Kd/KE^

%URDGYLHZ$YH 0RQ–)ULDPWRSP -H[W

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Page 2: 2019-Q4 (Winter).pub - Publisher...^W / > s Ed ~^ U Khd/E' ~^ E tKZ µ v E Á z o } v ] u ^ µ u < ] v P í í W ï ì u t ï W ì ì u D u

-$18$5<720$5&+:RRG*UHHQ6HQLRUV$FWLYH/LYLQJ&HQWUH_/RFDWLRQ%URDGYLHZ$YH/RZHU/HYHO_&DOO

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ϬϵϯϬ-ϭϬϯϬ>ĞƚƐ'ĞƚDŽǀŝŶŐ ϭϮϬϬ-ϬϰϬϬĂŶƚŽŶĞƐĞ KƉĞƌĂ<ĂƌĂŽŬĞ;Ϳ ϬϭϬϬ-ϬϯϬϬ^ŽĐŝĂůĂŶĐĞ

ϬϵϯϬ-ϭϬϯϬ'ĞŶƚůĞzŽŐĂ;:ĂŶϴ—ϬϵϯϬ-ϬϮϬϬĂŶƚŽŶĞƐĞKƉĞƌĂ<ĂƌĂŽŬĞ;ͿϭϬϯϬ-ϭϭϯϬdĂŝŚŝĞŐŝŶŶĞƌϭϮϬϬ-ϬϮϯϬĂůůƌŽŽŵĂŶĐĞůƵďϬϮϯϬ-ϬϯϯϬDĂŶĚĂƌŝŶϭϬϭ ;:ĂŶϭϱ ĂůůƌŽŽŵĂŶĐĞůƵďĐĂŶĐĞůůĞĚŽŶ&ĞďϭϮ

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t&ϭϮ;ϭϬϬsĂůĞŶƟŶĞΖƐĂLJĂŶĐĞWĂƌƚLJΎ

ΎΎ>^^^,h>/^^h:ddK,E't/d,KhdEKd/ΎΎ

:EϮϭ&ϭϴΘDZϭϳ

,ĞĂƌŝŶŐ^ĐƌĞĞŶŝŶŐ ;LJƉƉƚKŶůLJͿ

dh&ϰ

;ϭϬϯϬ–ϭϭϯϬͿ DĞŵďĞƌƐDĞĞƟŶŐ

dh:EϮϭ ;ϭϭϬϬ–ϭϮϬϬͿ

ĂŶĐĞƌWƌĞǀĞŶƟŽŶtŽƌŬƐŚŽƉ

ůĂĐŬDƵůƟƉƵƌƉŽƐĞ,Ăůů ůƵĞĐƟǀŝƚLJZŽŽŵ WƵƌƉůĞ^ƉĞĐŝĂůǀĞŶƚƐΘtŽƌŬƐŚŽƉƐ

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tE^z d,hZ^z &Z/z

'ĞŶƚůĞzŽŐĂ ;:ĂŶϴ—DĂƌϭϭͿ ĂŶƚŽŶĞƐĞ KƉĞƌĂ<ĂƌĂŽŬĞ;Ϳ dĂŝŚŝĞŐŝŶŶĞƌ ĂůůƌŽŽŵĂŶĐĞůƵď DĂŶĚĂƌŝŶϭϬϭ ;:ĂŶϭϱ–DĂƌϭϴͿ

ĂůůƌŽŽŵĂŶĐĞůƵďĐĂŶĐĞůůĞĚŽŶ

ϬϵϯϬ-ϭϬϯϬ>ĞƚƐ'ĞƚDŽǀŝŶŐ ϭϬϯϬ-ϭϭϯϬŽŶǀĞƌƐĂƟŽŶĂů ŶŐůŝƐŚ ϭϭϬϬ-ϭϮϬϬĂŶĐŝŶŐǁŝƚŚ WĂƌŬŝŶƐŽŶƐΎ ;:ĂŶ—DĂƌͿ ϭϭϯϬ-ϬϰϬϬDĂŚ:ŽŶŐ ϬϭϬϬ-ϬϯϬϬ>ŝŶĞĂŶĐĞ>ϭ>Ϯ

ϬϵϯϬ-ϭϬϯϬƵŵďĂ'ŽůĚ ϭϬϯϬ-ϭϮϬϬŶŐůŝƐŚ ^ŽŶŐ^ŚĂƌŝŶŐ ϭϮϬϬ-ϬϭϬϬŚŝŶĞƐĞ&ŽůŬĂŶĐĞ ϬϭϬϬ-ϬϰϬϬDĂŚ:ŽŶŐ ůůĐůĂƐƐĞƐĐĂŶĐĞůůĞĚŽŶ:ĂŶϯϭ

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