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rg BT 370.00 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.37 304.25 Td (Management) Tj ET Q q 0 0 0 rg BT 445.18 304.25 Td (s ) Tj ET Q q 0 0 0 rg BT 452.22 304.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.26 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.18 304.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 554.22 304.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.85 292.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 132.82 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.79 292.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 180.64 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.39 292.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 242.91 292.25 Td (section ) Tj ET Q q 0 0 0 rg BT 273.21 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.95 292.25 Td (this ) Tj ET Q q 0 0 0 rg BT 299.22 292.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 330.08 292.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 359.26 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.23 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.97 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.16 292.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 424.90 292.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 463.54 292.25 Td (section ) Tj ET Q q 0 0 0 rg BT 493.83 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.58 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 292.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.13 292.25 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 74.38 280.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 96.53 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.69 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.06 280.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 174.58 280.25 Td (other ) Tj ET Q q 0 0 0 rg BT 197.84 280.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 225.00 280.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.38 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.76 280.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 300.35 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 280.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 359.08 280.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 410.69 280.25 Td (which ) Tj ET Q q 0 0 0 rg BT 436.73 280.25 Td (ar) Tj ET Q q 0 0 0 rg BT 445.25 280.25 Td (e ) Tj ET Q q 0 0 0 rg BT 451.85 280.25 Td (available ) Tj ET Q q 0 0 0 rg BT 491.22 280.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.37 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.74 280.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 280.25 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (website: ) Tj ET Q q 0 0 0 rg BT 86.46 268.25 Td (http://www) Tj ET Q q 0 0 0 rg BT 130.17 268.25 Td (.goldfieldcorp.com ) Tj ET Q q 0 0 0 rg BT 208.85 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.98 268.25 Td (should ) Tj ET Q q 0 0 0 rg BT 256.79 268.25 Td (be ) Tj ET Q q 0 0 0 rg BT 269.36 268.25 Td (consider) Tj ET Q q 0 0 0 rg BT 303.43 268.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 316.00 268.25 Td (while ) Tj ET Q q 0 0 0 rg BT 340.80 268.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 386.15 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.17 268.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 442.70 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.39 268.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 524.79 268.25 Td (r) Tj ET Q q 0 0 0 rg BT 528.32 268.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 554.23 268.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 95.28 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.78 256.25 Td (pr) Tj ET Q q 0 0 0 rg BT 121.30 256.25 Td (ospects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Y) Tj ET Q q 0 0 0 rg BT 54.64 238.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 66.88 238.25 Td (should ) Tj ET Q q 0 0 0 rg BT 95.80 238.25 Td (r) Tj ET Q q 0 0 0 rg BT 99.32 238.25 Td (ead ) Tj ET Q q 0 0 0 rg BT 116.00 238.25 Td (this ) Tj ET Q q 0 0 0 rg BT 132.52 238.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 163.65 238.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 193.11 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.13 238.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 252.58 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 272.05 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.51 238.25 Td (other ) Tj ET Q q 0 0 0 rg BT 309.86 238.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 354.87 238.25 Td (r) Tj ET Q q 0 0 0 rg BT 358.39 238.25 Td (efer) Tj ET Q q 0 0 0 rg BT 373.56 238.25 Td (enced ) Tj ET Q q 0 0 0 rg BT 399.12 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.14 238.25 Td (above ) Tj ET Q q 0 0 0 rg BT 435.26 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.50 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 471.97 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.42 238.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 546.44 238.25 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.48 226.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 94.06 226.25 Td (futur) Tj ET Q q 0 0 0 rg BT 113.13 226.25 Td (e ) Tj ET Q q 0 0 0 rg BT 120.16 226.25 Td (r) Tj ET Q q 0 0 0 rg BT 123.68 226.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 149.04 226.25 Td (may ) Tj ET Q q 0 0 0 rg BT 168.28 226.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.31 226.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.99 226.25 Td (differ) Tj ET Q q 0 0 0 rg BT 245.29 226.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 260.09 226.25 Td (fr) Tj ET Q q 0 0 0 rg BT 266.39 226.25 Td (om ) Tj ET Q q 0 0 0 rg BT 281.19 226.25 Td (what ) Tj ET Q q 0 0 0 rg BT 303.23 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 316.92 226.25 Td (expect. ) Tj ET Q q 0 0 0 rg BT 347.54 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 354.95 226.25 Td (e ) Tj ET Q q 0 0 0 rg BT 361.97 226.25 Td (may ) Tj ET Q q 0 0 0 rg BT 381.22 226.25 Td (not ) Tj ET Q q 0 0 0 rg BT 396.58 226.25 Td (update ) Tj ET Q q 0 0 0 rg BT 426.38 226.25 Td (these ) Tj ET Q q 0 0 0 rg BT 449.51 226.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 476.37 226.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 517.28 226.25 Td (statements, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (even ) Tj ET Q q 0 0 0 rg BT 70.92 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 81.30 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.13 214.25 Td (event ) Tj ET Q q 0 0 0 rg BT 119.82 214.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.99 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 154.48 214.25 Td (situation ) Tj ET Q q 0 0 0 rg BT 192.09 214.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.47 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.85 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.67 214.25 Td (futur) Tj ET Q q 0 0 0 rg BT 271.75 214.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 281.29 214.25 Td (except ) Tj ET Q q 0 0 0 rg BT 309.43 214.25 Td (as ) Tj ET Q q 0 0 0 rg BT 320.93 214.25 Td (r) Tj ET Q q 0 0 0 rg BT 324.45 214.25 Td (equir) Tj ET Q q 0 0 0 rg BT 345.18 214.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 357.23 214.25 Td (by ) Tj ET Q q 0 0 0 rg BT 369.27 214.25 Td (law) Tj ET Q q 0 0 0 rg BT 382.98 214.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.89 214.25 Td (All ) Tj ET Q q 0 0 0 rg BT 402.16 214.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 429.02 214.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 469.95 214.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 514.77 214.25 Td (attributable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 202.25 Td (us ) Tj ET Q q 0 0 0 rg BT 71.67 202.25 Td (ar) Tj ET Q q 0 0 0 rg BT 80.19 202.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.13 202.25 Td (expr) Tj ET Q q 0 0 0 rg BT 104.53 202.25 Td (essly ) Tj ET Q q 0 0 0 rg BT 126.46 202.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 164.52 202.25 Td (by ) Tj ET Q q 0 0 0 rg BT 176.46 202.25 Td (these ) Tj ET Q q 0 0 0 rg BT 199.50 202.25 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 245.33 202.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.50 710.48 Td (1) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.50 694.43 Td (3) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.50 676.48 Td (3) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.50 660.48 Td (4) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 644.48 Td (12) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 628.48 Td (13) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 612.43 Td (14) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 594.48 Td (15) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 578.48 Td (16) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 562.48 Td (17) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 546.48 Td (29) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F4 14.00 Tf ET q 0 0 0 rg BT 221.85 739.55 Td (T) Tj ET Q q 0 0 0 rg BT 230.15 739.55 Td (O OUR SHAREHOLDER) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 381.85 739.55 Td (S) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.75 Td (In ) Tj ET Q q 0 0 0 rg BT 60.47 701.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 85.61 701.75 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 126.57 701.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 164.74 701.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.60 701.75 Td (highest ) Tj ET Q q 0 0 0 rg BT 211.12 701.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 245.40 701.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.48 701.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 299.00 701.75 Td (in ) Tj ET Q q 0 0 0 rg BT 309.41 701.75 Td (our ) Tj ET Q q 0 0 0 rg BT 325.38 701.75 Td (1) Tj ET Q q 0 0 0 rg BT 330.01 701.75 Td (10-year ) Tj ET Q q 0 0 0 rg BT 363.18 701.75 Td (history ) Tj ET Q q 0 0 0 rg BT 393.60 701.75 Td (as ) Tj ET Q q 0 0 0 rg BT 404.57 701.75 Td (a ) Tj ET Q q 0 0 0 rg BT 411.65 701.75 Td (public ) Tj ET Q q 0 0 0 rg BT 439.28 701.75 Td (company ) Tj ET Q q 0 0 0 rg BT 478.57 701.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.65 701.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 529.93 701.75 Td (the ) Tj ET Q q 0 0 0 rg BT 544.78 701.75 Td (fifth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.35 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 98.82 684.35 Td (year ) Tj ET Q q 0 0 0 rg BT 118.14 684.35 Td (of ) Tj ET Q q 0 0 0 rg BT 128.58 684.35 Td (record ) Tj ET Q q 0 0 0 rg BT 156.23 684.35 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 196.23 684.35 Td (The ) Tj ET Q q 0 0 0 rg BT 213.89 684.35 Td (company) Tj ET Q q 0 0 0 rg BT 253.33 684.35 Td (s ) Tj ET Q q 0 0 0 rg BT 259.33 684.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 311.97 684.35 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 366.85 684.35 Td (our ) Tj ET Q q 0 0 0 rg BT 382.29 684.35 Td (commitment ) Tj ET Q q 0 0 0 rg BT 434.95 684.35 Td (to ) Tj ET Q q 0 0 0 rg BT 444.85 684.35 Td (grow ) Tj ET Q q 0 0 0 rg BT 467.51 684.35 Td (the ) Tj ET Q q 0 0 0 rg BT 481.84 684.35 Td (business, ) Tj ET Q q 0 0 0 rg BT 520.35 684.35 Td (strengthen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.36 666.95 Td (and ) Tj ET Q q 0 0 0 rg BT 112.00 666.95 Td (deliver ) Tj ET Q q 0 0 0 rg BT 142.97 666.95 Td (results ) Tj ET Q q 0 0 0 rg BT 172.28 666.95 Td (for ) Tj ET Q q 0 0 0 rg BT 187.15 666.95 Td (our ) Tj ET Q q 0 0 0 rg BT 203.68 666.95 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 259.94 666.95 Td (all ) Tj ET Q q 0 0 0 rg BT 273.13 666.95 Td (while ) Tj ET Q q 0 0 0 rg BT 298.56 666.95 Td (successfully ) Tj ET Q q 0 0 0 rg BT 350.64 666.95 Td (and ) Tj ET Q q 0 0 0 rg BT 368.28 666.95 Td (safely ) Tj ET Q q 0 0 0 rg BT 395.36 666.95 Td (executing ) Tj ET Q q 0 0 0 rg BT 437.44 666.95 Td (projects ) Tj ET Q q 0 0 0 rg BT 472.30 666.95 Td (and ) Tj ET Q q 0 0 0 rg BT 489.94 666.95 Td (meeting ) Tj ET Q q 0 0 0 rg BT 525.36 666.95 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.55 Td (needs. ) Tj ET Q q 0 0 0 rg BT 77.27 649.55 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.15 Td (Solid ) Tj ET Q q 0 0 0 rg BT 73.68 629.15 Td (Gr) Tj ET Q q 0 0 0 rg BT 85.72 629.15 Td (owth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.75 Td (Compared ) Tj ET Q q 0 0 0 rg BT 93.66 608.75 Td (to ) Tj ET Q q 0 0 0 rg BT 103.93 608.75 Td (last ) Tj ET Q q 0 0 0 rg BT 120.32 608.75 Td (year) Tj ET Q q 0 0 0 rg BT 137.13 608.75 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 588.35 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 588.35 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.36 588.35 Td ( ) Tj ET Q q 0 0 0 rg BT 121.97 588.35 Td (grew ) Tj ET Q q 0 0 0 rg BT 144.58 588.35 Td (8% ) Tj ET Q q 0 0 0 rg BT 160.52 588.35 Td (to ) Tj ET Q q 0 0 0 rg BT 170.91 588.35 Td (a ) Tj ET Q q 0 0 0 rg BT 177.96 588.35 Td (record ) Tj ET Q q 0 0 0 rg BT 206.11 588.35 Td ($130 ) Tj ET Q q 0 0 0 rg BT 228.72 588.35 Td (million ) Tj ET Q q 0 0 0 rg BT 260.23 588.35 Td (from ) Tj ET Q q 0 0 0 rg BT 282.28 588.35 Td ($121 ) Tj ET Q q 0 0 0 rg BT 304.89 588.35 Td (million ) Tj ET Q q 0 0 0 rg BT 336.39 588.35 Td (resulting ) Tj ET Q q 0 0 0 rg BT 374.00 588.35 Td (from ) Tj ET Q q 0 0 0 rg BT 396.05 588.35 Td (continued ) Tj ET Q q 0 0 0 rg BT 438.10 588.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 469.04 588.35 Td (in ) Tj ET Q q 0 0 0 rg BT 479.43 588.35 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 525.91 588.35 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 570.95 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 570.95 Td (other ) Tj ET Q q 0 0 0 rg BT 125.49 570.95 Td (electrical ) Tj ET Q q 0 0 0 rg BT 164.62 570.95 Td (construction ) Tj ET Q q 0 0 0 rg BT 216.55 570.95 Td (work; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 553.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 553.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 101.25 553.55 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.13 553.55 Td ( ) Tj ET Q q 0 0 0 rg BT 132.00 553.55 Td (increased ) Tj ET Q q 0 0 0 rg BT 171.62 553.55 Td (to ) Tj ET Q q 0 0 0 rg BT 181.26 553.55 Td (a ) Tj ET Q q 0 0 0 rg BT 187.57 553.55 Td (record ) Tj ET Q q 0 0 0 rg BT 214.97 553.55 Td ($13 ) Tj ET Q q 0 0 0 rg BT 231.84 553.55 Td (million ) Tj ET Q q 0 0 0 rg BT 262.60 553.55 Td (from ) Tj ET Q q 0 0 0 rg BT 283.90 553.55 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 303.27 553.55 Td (million ) Tj ET Q q 0 0 0 rg BT 334.03 553.55 Td (fueled ) Tj ET Q q 0 0 0 rg BT 360.88 553.55 Td (by ) Tj ET Q q 0 0 0 rg BT 372.75 553.55 Td (revenue ) Tj ET Q q 0 0 0 rg BT 406.26 553.55 Td (growth ) Tj ET Q q 0 0 0 rg BT 436.45 553.55 Td (and ) Tj ET Q q 0 0 0 rg BT 452.76 553.55 Td (sharply ) Tj ET Q q 0 0 0 rg BT 484.06 553.55 Td (improved ) Tj ET Q q 0 0 0 rg BT 524.26 553.55 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 536.15 Td (mar) Tj ET Q q 0 0 0 rg BT 100.87 536.15 Td (gins; ) Tj ET Q q 0 0 0 rg BT 122.81 536.15 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 518.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 518.75 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 124.67 518.75 Td (per ) Tj ET Q q 0 0 0 rg BT 140.50 518.75 Td (shar) Tj ET Q q 0 0 0 rg BT 157.91 518.75 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.35 518.75 Td ( ) Tj ET Q q 0 0 0 rg BT 164.85 518.75 Td (improved ) Tj ET Q q 0 0 0 rg BT 205.68 518.75 Td (183% ) Tj ET Q q 0 0 0 rg BT 231.51 518.75 Td (to ) Tj ET Q q 0 0 0 rg BT 241.78 518.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.72 518.75 Td (record ) Tj ET Q q 0 0 0 rg BT 276.76 518.75 Td ($0.51 ) Tj ET Q q 0 0 0 rg BT 301.76 518.75 Td (from ) Tj ET Q q 0 0 0 rg BT 323.70 518.75 Td ($0.18.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.35 Td (Over ) Tj ET Q q 0 0 0 rg BT 71.99 498.35 Td (the ) Tj ET Q q 0 0 0 rg BT 86.71 498.35 Td (past ) Tj ET Q q 0 0 0 rg BT 105.32 498.35 Td (five ) Tj ET Q q 0 0 0 rg BT 123.36 498.35 Td (years,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 477.95 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 477.95 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.36 477.95 Td ( ) Tj ET Q q 0 0 0 rg BT 121.86 477.95 Td (has ) Tj ET Q q 0 0 0 rg BT 137.69 477.95 Td (grown ) Tj ET Q q 0 0 0 rg BT 165.74 477.95 Td (nearly ) Tj ET Q q 0 0 0 rg BT 193.23 477.95 Td (300%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 460.55 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 124.67 460.55 Td (per ) Tj ET Q q 0 0 0 rg BT 140.50 460.55 Td (shar) Tj ET Q q 0 0 0 rg BT 157.91 460.55 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.35 460.55 Td ( ) Tj ET Q q 0 0 0 rg BT 164.85 460.55 Td (have ) Tj ET Q q 0 0 0 rg BT 186.23 460.55 Td (improved ) Tj ET Q q 0 0 0 rg BT 227.05 460.55 Td (from ) Tj ET Q q 0 0 0 rg BT 248.99 460.55 Td ($0.03 ) Tj ET Q q 0 0 0 rg BT 273.99 460.55 Td (per ) Tj ET Q q 0 0 0 rg BT 289.26 460.55 Td (share ) Tj ET Q q 0 0 0 rg BT 312.86 460.55 Td (to ) Tj ET Q q 0 0 0 rg BT 323.14 460.55 Td ($0.51 ) Tj ET Q q 0 0 0 rg BT 348.14 460.55 Td (per ) Tj ET Q q 0 0 0 rg BT 363.41 460.55 Td (share; ) Tj ET Q q 0 0 0 rg BT 389.78 460.55 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 443.15 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 443.15 Td (Shar) Tj ET Q q 0 0 0 rg BT 104.02 443.15 Td (eholders) Tj ET Q q 0 0 0 rg BT 140.68 443.15 Td ( ) Tj ET Q q 0 0 0 rg BT 143.18 443.15 Td (equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.61 443.15 Td ( ) Tj ET Q q 0 0 0 rg BT 170.11 443.15 Td (achieved ) Tj ET Q q 0 0 0 rg BT 208.15 443.15 Td (a ) Tj ET Q q 0 0 0 rg BT 215.08 443.15 Td (compounded ) Tj ET Q q 0 0 0 rg BT 269.24 443.15 Td (annual ) Tj ET Q q 0 0 0 rg BT 298.40 443.15 Td (growth ) Tj ET Q q 0 0 0 rg BT 329.23 443.15 Td (rate ) Tj ET Q q 0 0 0 rg BT 346.71 443.15 Td (of ) Tj ET Q q 0 0 0 rg BT 357.54 443.15 Td (26%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.75 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 84.03 425.75 Td (these ) Tj ET Q q 0 0 0 rg BT 106.62 425.75 Td (results ) Tj ET Q q 0 0 0 rg BT 134.77 425.75 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 185.69 425.75 Td (solid ) Tj ET Q q 0 0 0 rg BT 207.18 425.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 237.55 425.75 Td (and ) Tj ET Q q 0 0 0 rg BT 254.03 425.75 Td (a ) Tj ET Q q 0 0 0 rg BT 260.52 425.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 287.56 425.75 Td (position ) Tj ET Q q 0 0 0 rg BT 321.83 425.75 Td (in ) Tj ET Q q 0 0 0 rg BT 331.65 425.75 Td (our ) Tj ET Q q 0 0 0 rg BT 347.02 425.75 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 397.93 425.75 Td (in ) Tj ET Q q 0 0 0 rg BT 407.75 425.75 Td (the ) Tj ET Q q 0 0 0 rg BT 422.01 425.75 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 462.94 425.75 Td (and ) Tj ET Q q 0 0 0 rg BT 479.42 425.75 Td (mid-Atlantic ) Tj ET Q q 0 0 0 rg BT 532.56 425.75 Td (regions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.35 Td (of ) Tj ET Q q 0 0 0 rg BT 59.94 408.35 Td (the ) Tj ET Q q 0 0 0 rg BT 74.28 408.35 Td (United ) Tj ET Q q 0 0 0 rg BT 103.61 408.35 Td (States ) Tj ET Q q 0 0 0 rg BT 129.61 408.35 Td (and ) Tj ET Q q 0 0 0 rg BT 146.01 408.35 Td (T) Tj ET Q q 0 0 0 rg BT 151.42 408.35 Td (exas ) Tj ET Q q 0 0 0 rg BT 171.30 408.35 Td (as ) Tj ET Q q 0 0 0 rg BT 181.74 408.35 Td (a ) Tj ET Q q 0 0 0 rg BT 188.30 408.35 Td (leading ) Tj ET Q q 0 0 0 rg BT 219.85 408.35 Td (provider ) Tj ET Q q 0 0 0 rg BT 255.84 408.35 Td (to ) Tj ET Q q 0 0 0 rg BT 265.73 408.35 Td (the ) Tj ET Q q 0 0 0 rg BT 280.06 408.35 Td (electric ) Tj ET Q q 0 0 0 rg BT 311.59 408.35 Td (utility ) Tj ET Q q 0 0 0 rg BT 337.60 408.35 Td (industry) Tj ET Q q 0 0 0 rg BT 369.73 408.35 Td (. ) Tj ET Q q 0 0 0 rg BT 374.19 408.35 Td (W) Tj ET Q q 0 0 0 rg BT 382.83 408.35 Td (e ) Tj ET Q q 0 0 0 rg BT 389.38 408.35 Td (believe ) Tj ET Q q 0 0 0 rg BT 420.37 408.35 Td (that ) Tj ET Q q 0 0 0 rg BT 437.48 408.35 Td (our ) Tj ET Q q 0 0 0 rg BT 452.92 408.35 Td (rigorous ) Tj ET Q q 0 0 0 rg BT 488.36 408.35 Td (focus ) Tj ET Q q 0 0 0 rg BT 512.14 408.35 Td (on ) Tj ET Q q 0 0 0 rg BT 524.25 408.35 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.95 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 390.95 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 100.21 390.95 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 150.29 390.95 Td (a ) Tj ET Q q 0 0 0 rg BT 157.04 390.95 Td (well-qualified ) Tj ET Q q 0 0 0 rg BT 215.44 390.95 Td (work ) Tj ET Q q 0 0 0 rg BT 238.31 390.95 Td (force ) Tj ET Q q 0 0 0 rg BT 261.16 390.95 Td (and ) Tj ET Q q 0 0 0 rg BT 277.91 390.95 Td (the ) Tj ET Q q 0 0 0 rg BT 292.43 390.95 Td (strength ) Tj ET Q q 0 0 0 rg BT 326.96 390.95 Td (of ) Tj ET Q q 0 0 0 rg BT 337.61 390.95 Td (our ) Tj ET Q q 0 0 0 rg BT 353.25 390.95 Td (long-standing ) Tj ET Q q 0 0 0 rg BT 410.55 390.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 449.52 390.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 502.94 390.95 Td (provide ) Tj ET Q q 0 0 0 rg BT 535.80 390.95 Td (a ) Tj ET Q q 0 0 0 rg BT 542.55 390.95 Td (solid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.55 Td (foundation ) Tj ET Q q 0 0 0 rg BT 95.33 373.55 Td (to ) Tj ET Q q 0 0 0 rg BT 105.60 373.55 Td (build ) Tj ET Q q 0 0 0 rg BT 128.66 373.55 Td (on ) Tj ET Q q 0 0 0 rg BT 141.16 373.55 Td (our ) Tj ET Q q 0 0 0 rg BT 156.99 373.55 Td (current ) Tj ET Q q 0 0 0 rg BT 187.81 373.55 Td (successes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.15 Td (Focus ) Tj ET Q q 0 0 0 rg BT 77.00 353.15 Td (on ) Tj ET Q q 0 0 0 rg BT 90.06 353.15 Td (Safety) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.75 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 89.47 332.75 Td (again ) Tj ET Q q 0 0 0 rg BT 112.77 332.75 Td (finished ) Tj ET Q q 0 0 0 rg BT 146.64 332.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 168.29 332.75 Td (with ) Tj ET Q q 0 0 0 rg BT 187.71 332.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 214.36 332.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 239.88 332.75 Td (performance, ) Tj ET Q q 0 0 0 rg BT 294.55 332.75 Td (taking ) Tj ET Q q 0 0 0 rg BT 321.19 332.75 Td (a ) Tj ET Q q 0 0 0 rg BT 327.28 332.75 Td (proactive ) Tj ET Q q 0 0 0 rg BT 366.13 332.75 Td (approach ) Tj ET Q q 0 0 0 rg BT 404.42 332.75 Td (to ) Tj ET Q q 0 0 0 rg BT 413.85 332.75 Td (safety ) Tj ET Q q 0 0 0 rg BT 439.37 332.75 Td (with ) Tj ET Q q 0 0 0 rg BT 458.79 332.75 Td (a ) Tj ET Q q 0 0 0 rg BT 464.88 332.75 Td (Zero ) Tj ET Q q 0 0 0 rg BT 489.84 332.75 Td (Incident ) Tj ET Q q 0 0 0 rg BT 528.69 332.75 Td (accident ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.35 Td (prevention ) Tj ET Q q 0 0 0 rg BT 94.45 315.35 Td (policy) Tj ET Q q 0 0 0 rg BT 118.80 315.35 Td (. ) Tj ET Q q 0 0 0 rg BT 123.33 315.35 Td (W) Tj ET Q q 0 0 0 rg BT 132.37 315.35 Td (ith ) Tj ET Q q 0 0 0 rg BT 145.12 315.35 Td (executive ) Tj ET Q q 0 0 0 rg BT 185.62 315.35 Td (level ) Tj ET Q q 0 0 0 rg BT 207.24 315.35 Td (management ) Tj ET Q q 0 0 0 rg BT 260.52 315.35 Td (and ) Tj ET Q q 0 0 0 rg BT 277.15 315.35 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 312.12 315.35 Td (safety ) Tj ET Q q 0 0 0 rg BT 338.18 315.35 Td (training ) Tj ET Q q 0 0 0 rg BT 371.48 315.35 Td (for ) Tj ET Q q 0 0 0 rg BT 385.33 315.35 Td (all ) Tj ET Q q 0 0 0 rg BT 397.51 315.35 Td (employees, ) Tj ET Q q 0 0 0 rg BT 444.96 315.35 Td (we ) Tj ET Q q 0 0 0 rg BT 458.81 315.35 Td (ensure ) Tj ET Q q 0 0 0 rg BT 487.10 315.35 Td (that ) Tj ET Q q 0 0 0 rg BT 504.29 315.35 Td (safety ) Tj ET Q q 0 0 0 rg BT 530.35 315.35 Td (remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.95 Td (top ) Tj ET Q q 0 0 0 rg BT 63.72 297.95 Td (priority ) Tj ET Q q 0 0 0 rg BT 95.16 297.95 Td (on ) Tj ET Q q 0 0 0 rg BT 106.61 297.95 Td (every ) Tj ET Q q 0 0 0 rg BT 130.26 297.95 Td (job ) Tj ET Q q 0 0 0 rg BT 144.48 297.95 Td (entrusted ) Tj ET Q q 0 0 0 rg BT 182.58 297.95 Td (to ) Tj ET Q q 0 0 0 rg BT 191.80 297.95 Td (us. ) Tj ET Q q 0 0 0 rg BT 204.53 297.95 Td (W) Tj ET Q q 0 0 0 rg BT 213.17 297.95 Td (e ) Tj ET Q q 0 0 0 rg BT 219.05 297.95 Td (are ) Tj ET Q q 0 0 0 rg BT 232.71 297.95 Td (very ) Tj ET Q q 0 0 0 rg BT 251.92 297.95 Td (proud ) Tj ET Q q 0 0 0 rg BT 276.69 297.95 Td (to ) Tj ET Q q 0 0 0 rg BT 285.92 297.95 Td (be ) Tj ET Q q 0 0 0 rg BT 296.80 297.95 Td (a ) Tj ET Q q 0 0 0 rg BT 302.68 297.95 Td (member ) Tj ET Q q 0 0 0 rg BT 336.89 297.95 Td (of ) Tj ET Q q 0 0 0 rg BT 346.66 297.95 Td (the ) Tj ET Q q 0 0 0 rg BT 360.33 297.95 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 399.97 297.95 Td (T) Tj ET Q q 0 0 0 rg BT 405.73 297.95 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 454.95 297.95 Td (& ) Tj ET Q q 0 0 0 rg BT 464.17 297.95 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 513.95 297.95 Td (Partnership, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.55 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 280.55 Td (formal ) Tj ET Q q 0 0 0 rg BT 85.60 280.55 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 140.86 280.55 Td (of ) Tj ET Q q 0 0 0 rg BT 151.70 280.55 Td (industry ) Tj ET Q q 0 0 0 rg BT 186.98 280.55 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 239.47 280.55 Td (including ) Tj ET Q q 0 0 0 rg BT 279.75 280.55 Td (premier ) Tj ET Q q 0 0 0 rg BT 313.34 280.55 Td (electrical ) Tj ET Q q 0 0 0 rg BT 352.48 280.55 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 401.91 280.55 Td (OSHA, ) Tj ET Q q 0 0 0 rg BT 434.14 280.55 Td (EEI, ) Tj ET Q q 0 0 0 rg BT 454.69 280.55 Td (IBEW) Tj ET Q q 0 0 0 rg BT 480.06 280.55 Td ( ) Tj ET Q q 0 0 0 rg BT 482.56 280.55 Td (and ) Tj ET Q q 0 0 0 rg BT 499.51 280.55 Td (NECA) Tj ET Q q 0 0 0 rg BT 526.18 280.55 Td ( ) Tj ET Q q 0 0 0 rg BT 528.68 280.55 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.15 Td (together ) Tj ET Q q 0 0 0 rg BT 84.76 263.15 Td (to ) Tj ET Q q 0 0 0 rg BT 95.04 263.15 Td (improve ) Tj ET Q q 0 0 0 rg BT 130.87 263.15 Td (safety ) Tj ET Q q 0 0 0 rg BT 157.24 263.15 Td (for ) Tj ET Q q 0 0 0 rg BT 171.40 263.15 Td (workers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.75 Td (Infrastructur) Tj ET Q q 0 0 0 rg BT 106.53 242.75 Td (e ) Tj ET Q q 0 0 0 rg BT 113.47 242.75 Td (Spending ) Tj ET Q q 0 0 0 rg BT 155.99 242.75 Td (Gr) Tj ET Q q 0 0 0 rg BT 168.03 242.75 Td (owth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.35 Td (Looking ) Tj ET Q q 0 0 0 rg BT 87.74 222.35 Td (forward, ) Tj ET Q q 0 0 0 rg BT 126.24 222.35 Td (we ) Tj ET Q q 0 0 0 rg BT 142.25 222.35 Td (are ) Tj ET Q q 0 0 0 rg BT 158.80 222.35 Td (optimistic ) Tj ET Q q 0 0 0 rg BT 203.15 222.35 Td (that ) Tj ET Q q 0 0 0 rg BT 222.50 222.35 Td (the ) Tj ET Q q 0 0 0 rg BT 239.06 222.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 271.74 222.35 Td (of ) Tj ET Q q 0 0 0 rg BT 284.42 222.35 Td (ener) Tj ET Q q 0 0 0 rg BT 301.45 222.35 Td (gy ) Tj ET Q q 0 0 0 rg BT 315.80 222.35 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 374.01 222.35 Td (spending ) Tj ET Q q 0 0 0 rg BT 414.47 222.35 Td (will ) Tj ET Q q 0 0 0 rg BT 434.38 222.35 Td (remain ) Tj ET Q q 0 0 0 rg BT 466.49 222.35 Td (robust. ) Tj ET Q q 0 0 0 rg BT 498.02 222.35 Td (W) Tj ET Q q 0 0 0 rg BT 506.66 222.35 Td (e ) Tj ET Q q 0 0 0 rg BT 515.45 222.35 Td (believe ) Tj ET Q q 0 0 0 rg BT 548.67 222.35 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.95 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.04 204.95 Td (service ) Tj ET Q q 0 0 0 rg BT 144.37 204.95 Td (of) Tj ET Q q 0 0 0 rg BT 152.52 204.95 Td (fering ) Tj ET Q q 0 0 0 rg BT 179.40 204.95 Td (of ) Tj ET Q q 0 0 0 rg BT 190.75 204.95 Td (transmission, ) Tj ET Q q 0 0 0 rg BT 246.81 204.95 Td (foundations, ) Tj ET Q q 0 0 0 rg BT 299.54 204.95 Td (substations, ) Tj ET Q q 0 0 0 rg BT 349.50 204.95 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 401.12 204.95 Td (telecom/fiber ) Tj ET Q q 0 0 0 rg BT 457.44 204.95 Td (and ) Tj ET Q q 0 0 0 rg BT 474.89 204.95 Td (storm ) Tj ET Q q 0 0 0 rg BT 500.67 204.95 Td (restoration ) Tj ET Q q 0 0 0 rg BT 546.45 204.95 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.55 Td (allow ) Tj ET Q q 0 0 0 rg BT 74.22 187.55 Td (us ) Tj ET Q q 0 0 0 rg BT 85.61 187.55 Td (to ) Tj ET Q q 0 0 0 rg BT 95.89 187.55 Td (benefit ) Tj ET Q q 0 0 0 rg BT 126.15 187.55 Td (from ) Tj ET Q q 0 0 0 rg BT 148.09 187.55 Td (a ) Tj ET Q q 0 0 0 rg BT 155.03 187.55 Td (broad ) Tj ET Q q 0 0 0 rg BT 180.30 187.55 Td (range ) Tj ET Q q 0 0 0 rg BT 205.00 187.55 Td (of ) Tj ET Q q 0 0 0 rg BT 215.83 187.55 Td (future ) Tj ET Q q 0 0 0 rg BT 242.21 187.55 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 297.48 187.55 Td (driven ) Tj ET Q q 0 0 0 rg BT 325.53 187.55 Td (by ) Tj ET Q q 0 0 0 rg BT 338.03 187.55 Td (increased ) Tj ET Q q 0 0 0 rg BT 378.28 187.55 Td (utility ) Tj ET Q q 0 0 0 rg BT 404.68 187.55 Td (demand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.15 Td (National ) Tj ET Q q 0 0 0 rg BT 86.92 167.15 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 129.35 167.15 Td (to ) Tj ET Q q 0 0 0 rg BT 140.12 167.15 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 179.75 167.15 Td (and ) Tj ET Q q 0 0 0 rg BT 197.18 167.15 Td (jump-start ) Tj ET Q q 0 0 0 rg BT 241.27 167.15 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 298.12 167.15 Td (projects ) Tj ET Q q 0 0 0 rg BT 332.77 167.15 Td (around ) Tj ET Q q 0 0 0 rg BT 363.52 167.15 Td (the ) Tj ET Q q 0 0 0 rg BT 378.73 167.15 Td (country ) Tj ET Q q 0 0 0 rg BT 412.26 167.15 Td (are ) Tj ET Q q 0 0 0 rg BT 427.46 167.15 Td (driven ) Tj ET Q q 0 0 0 rg BT 455.99 167.15 Td (by ) Tj ET Q q 0 0 0 rg BT 468.98 167.15 Td (the ) Tj ET Q q 0 0 0 rg BT 484.19 167.15 Td (need ) Tj ET Q q 0 0 0 rg BT 506.05 167.15 Td (to ) Tj ET Q q 0 0 0 rg BT 516.82 167.15 Td (ensure ) Tj ET Q q 0 0 0 rg BT 545.91 167.15 Td (grid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.75 Td (reliability) Tj ET Q q 0 0 0 rg BT 87.73 149.75 Td (, ) Tj ET Q q 0 0 0 rg BT 93.28 149.75 Td (the ) Tj ET Q q 0 0 0 rg BT 108.55 149.75 Td (integration ) Tj ET Q q 0 0 0 rg BT 154.93 149.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.31 149.75 Td (renewable ) Tj ET Q q 0 0 0 rg BT 210.45 149.75 Td (ener) Tj ET Q q 0 0 0 rg BT 227.48 149.75 Td (gy) Tj ET Q q 0 0 0 rg BT 236.83 149.75 Td (, ) Tj ET Q q 0 0 0 rg BT 242.38 149.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.87 149.75 Td (the ) Tj ET Q q 0 0 0 rg BT 275.14 149.75 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 310.41 149.75 Td (of ) Tj ET Q q 0 0 0 rg BT 321.79 149.75 Td (aging ) Tj ET Q q 0 0 0 rg BT 347.06 149.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 403.98 149.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 450.92 149.75 Td (the ) Tj ET Q q 0 0 0 rg BT 466.19 149.75 Td (United ) Tj ET Q q 0 0 0 rg BT 496.46 149.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 525.90 149.75 Td (Regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.35 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 132.35 Td (forts ) Tj ET Q q 0 0 0 rg BT 78.03 132.35 Td (by ) Tj ET Q q 0 0 0 rg BT 90.64 132.35 Td (utilities ) Tj ET Q q 0 0 0 rg BT 123.25 132.35 Td (to ) Tj ET Q q 0 0 0 rg BT 133.64 132.35 Td (replace ) Tj ET Q q 0 0 0 rg BT 165.12 132.35 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.28 132.35 Td (and ) Tj ET Q q 0 0 0 rg BT 195.33 132.35 Td (coal ) Tj ET Q q 0 0 0 rg BT 214.60 132.35 Td (plants ) Tj ET Q q 0 0 0 rg BT 241.10 132.35 Td (with ) Tj ET Q q 0 0 0 rg BT 261.49 132.35 Td (natural ) Tj ET Q q 0 0 0 rg BT 291.86 132.35 Td (gas ) Tj ET Q q 0 0 0 rg BT 307.80 132.35 Td (plants ) Tj ET Q q 0 0 0 rg BT 334.30 132.35 Td (and ) Tj ET Q q 0 0 0 rg BT 351.35 132.35 Td (advanced, ) Tj ET Q q 0 0 0 rg BT 394.22 132.35 Td (fuel-ef) Tj ET Q q 0 0 0 rg BT 420.68 132.35 Td (ficient ) Tj ET Q q 0 0 0 rg BT 448.83 132.35 Td (ener) Tj ET Q q 0 0 0 rg BT 465.86 132.35 Td (gy ) Tj ET Q q 0 0 0 rg BT 478.47 132.35 Td (centers ) Tj ET Q q 0 0 0 rg BT 509.40 132.35 Td (will ) Tj ET Q q 0 0 0 rg BT 527.57 132.35 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.95 Td (to ) Tj ET Q q 0 0 0 rg BT 60.77 114.95 Td (present ) Tj ET Q q 0 0 0 rg BT 93.14 114.95 Td (us ) Tj ET Q q 0 0 0 rg BT 105.52 114.95 Td (with ) Tj ET Q q 0 0 0 rg BT 126.79 114.95 Td (a ) Tj ET Q q 0 0 0 rg BT 134.72 114.95 Td (solid ) Tj ET Q q 0 0 0 rg BT 157.66 114.95 Td (source ) Tj ET Q q 0 0 0 rg BT 187.25 114.95 Td (of ) Tj ET Q q 0 0 0 rg BT 199.07 114.95 Td (project ) Tj ET Q q 0 0 0 rg BT 230.33 114.95 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 289.09 114.95 Td (Our ) Tj ET Q q 0 0 0 rg BT 308.13 114.95 Td (lar) Tj ET Q q 0 0 0 rg BT 318.50 114.95 Td (ge, ) Tj ET Q q 0 0 0 rg BT 333.93 114.95 Td (modern ) Tj ET Q q 0 0 0 rg BT 367.97 114.95 Td (fleet ) Tj ET Q q 0 0 0 rg BT 389.22 114.95 Td (of ) Tj ET Q q 0 0 0 rg BT 401.04 114.95 Td (equipment ) Tj ET Q q 0 0 0 rg BT 446.75 114.95 Td (improves ) Tj ET Q q 0 0 0 rg BT 487.45 114.95 Td (our ) Tj ET Q q 0 0 0 rg BT 504.28 114.95 Td (ef) Tj ET Q q 0 0 0 rg BT 511.86 114.95 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 547.56 114.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.55 Td (competitive ) Tj ET Q q 0 0 0 rg BT 99.21 97.55 Td (edge ) Tj ET Q q 0 0 0 rg BT 120.58 97.55 Td (to ) Tj ET Q q 0 0 0 rg BT 130.86 97.55 Td (execute ) Tj ET Q q 0 0 0 rg BT 163.89 97.55 Td (projects ) Tj ET Q q 0 0 0 rg BT 198.05 97.55 Td (of ) Tj ET Q q 0 0 0 rg BT 208.88 97.55 Td (all ) Tj ET Q q 0 0 0 rg BT 221.38 97.55 Td (sizes ) Tj ET Q q 0 0 0 rg BT 243.31 97.55 Td (and ) Tj ET Q q 0 0 0 rg BT 260.25 97.55 Td (complexity) Tj ET Q q 0 0 0 rg BT 304.59 97.55 Td (, ) Tj ET Q q 0 0 0 rg BT 309.59 97.55 Td (particularly ) Tj ET Q q 0 0 0 rg BT 358.18 97.55 Td (in ) Tj ET Q q 0 0 0 rg BT 368.46 97.55 Td (transmission ) Tj ET Q q 0 0 0 rg BT 421.52 97.55 Td (construction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.15 Td (While ) Tj ET Q q 0 0 0 rg BT 75.38 77.15 Td (we ) Tj ET Q q 0 0 0 rg BT 88.49 77.15 Td (cannot ) Tj ET Q q 0 0 0 rg BT 116.59 77.15 Td (predict ) Tj ET Q q 0 0 0 rg BT 145.80 77.15 Td (the ) Tj ET Q q 0 0 0 rg BT 159.46 77.15 Td (scope ) Tj ET Q q 0 0 0 rg BT 183.68 77.15 Td (of ) Tj ET Q q 0 0 0 rg BT 193.46 77.15 Td (Goldfield) Tj ET Q q 0 0 0 rg BT 234.56 77.15 Td (s ) Tj ET Q q 0 0 0 rg BT 239.90 77.15 Td (involvement, ) Tj ET Q q 0 0 0 rg BT 293.83 77.15 Td (a ) Tj ET Q q 0 0 0 rg BT 299.72 77.15 Td (number ) Tj ET Q q 0 0 0 rg BT 331.71 77.15 Td (of ) Tj ET Q q 0 0 0 rg BT 341.49 77.15 Td (our ) Tj ET Q q 0 0 0 rg BT 356.27 77.15 Td (long-standing ) Tj ET Q q 0 0 0 rg BT 412.71 77.15 Td (customers ) Tj ET Q q 0 0 0 rg BT 454.70 77.15 Td (have ) Tj ET Q q 0 0 0 rg BT 475.03 77.15 Td (announced ) Tj ET Q q 0 0 0 rg BT 519.79 77.15 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.75 Td (initiatives ) Tj ET 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rg BT 201.09 707.30 Td ($10 ) Tj ET Q q 0 0 0 rg BT 218.59 707.30 Td (billion ) Tj ET Q q 0 0 0 rg BT 247.19 707.30 Td (over ) Tj ET Q q 0 0 0 rg BT 267.45 707.30 Td (the ) Tj ET Q q 0 0 0 rg BT 282.16 707.30 Td (next ) Tj ET Q q 0 0 0 rg BT 301.87 707.30 Td (five ) Tj ET Q q 0 0 0 rg BT 319.91 707.30 Td (years ) Tj ET Q q 0 0 0 rg BT 343.50 707.30 Td (focusing ) Tj ET Q q 0 0 0 rg BT 380.43 707.30 Td (on ) Tj ET Q q 0 0 0 rg BT 392.93 707.30 Td (grid ) Tj ET Q q 0 0 0 rg BT 411.53 707.30 Td (modernization ) Tj ET Q q 0 0 0 rg BT 471.78 707.30 Td (projects ) Tj ET Q q 0 0 0 rg BT 505.93 707.30 Td (in ) Tj ET Q q 0 0 0 rg BT 516.20 707.30 Td (Florida ) Tj ET Q q 0 0 0 rg BT 547.58 707.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 689.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 689.90 Td (Carolinas;) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 141.32 694.43 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.90 689.90 Td ( ) Tj ET Q q 0 0 0 rg BT 151.40 689.90 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 672.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 672.50 Td (Lower ) Tj ET Q q 0 0 0 rg BT 114.41 672.50 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 154.44 672.50 Td (River ) Tj ET Q q 0 0 0 rg BT 178.85 672.50 Td (Authority ) Tj ET Q q 0 0 0 rg BT 220.54 672.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 250.01 672.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 273.93 672.50 Td (include ) Tj ET Q q 0 0 0 rg BT 306.17 672.50 Td (transmission ) Tj ET Q q 0 0 0 rg BT 359.54 672.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 394.01 672.50 Td (of ) Tj ET Q q 0 0 0 rg BT 405.15 672.50 Td ($232 ) Tj ET Q q 0 0 0 rg BT 427.96 672.50 Td (million ) Tj ET Q q 0 0 0 rg BT 459.66 672.50 Td (in ) Tj ET Q q 0 0 0 rg BT 470.25 672.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 493.06 672.50 Td (and ) Tj ET Q q 0 0 0 rg BT 510.31 672.50 Td ($528 ) Tj ET Q q 0 0 0 rg BT 533.13 672.50 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 655.10 Td (over ) Tj ET Q q 0 0 0 rg BT 105.77 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.49 655.10 Td (next ) Tj ET Q q 0 0 0 rg BT 140.20 655.10 Td (five ) Tj ET Q q 0 0 0 rg BT 158.25 655.10 Td (years ) Tj ET Q q 0 0 0 rg BT 181.85 655.10 Td (through ) Tj ET Q q 0 0 0 rg BT 215.46 655.10 Td (2021.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.96 659.63 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 634.70 Td (Moving ) Tj ET Q q 0 0 0 rg BT 84.78 634.70 Td (Forward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.30 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 614.30 Td (strategies ) Tj ET Q q 0 0 0 rg BT 107.55 614.30 Td (which ) Tj ET Q q 0 0 0 rg BT 134.35 614.30 Td (helped ) Tj ET Q q 0 0 0 rg BT 163.38 614.30 Td (us ) Tj ET Q q 0 0 0 rg BT 174.64 614.30 Td (achieve ) Tj ET Q q 0 0 0 rg BT 207.54 614.30 Td (our ) Tj ET Q q 0 0 0 rg BT 223.24 614.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 245.60 614.30 Td (milestones ) Tj ET Q q 0 0 0 rg BT 290.75 614.30 Td (should ) Tj ET Q q 0 0 0 rg BT 319.78 614.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 356.58 614.30 Td (to ) Tj ET Q q 0 0 0 rg BT 366.73 614.30 Td (serve ) Tj ET Q q 0 0 0 rg BT 390.20 614.30 Td (us ) Tj ET Q q 0 0 0 rg BT 401.46 614.30 Td (well. ) Tj ET Q q 0 0 0 rg BT 423.37 614.30 Td (W) Tj ET Q q 0 0 0 rg BT 432.41 614.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 445.33 614.30 Td (growing ) Tj ET Q q 0 0 0 rg BT 481.03 614.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 518.94 614.30 Td (and ) Tj ET Q q 0 0 0 rg BT 535.75 614.30 Td (a ) Tj ET Q q 0 0 0 rg BT 542.55 614.30 Td (solid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.77 596.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 108.06 596.90 Td (to ) Tj ET Q q 0 0 0 rg BT 119.59 596.90 Td (support ) Tj ET Q q 0 0 0 rg BT 153.33 596.90 Td (growing ) Tj ET Q q 0 0 0 rg BT 190.40 596.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 220.79 596.90 Td (demand, ) Tj ET Q q 0 0 0 rg BT 258.69 596.90 Td (we ) Tj ET Q q 0 0 0 rg BT 274.09 596.90 Td (have ) Tj ET Q q 0 0 0 rg BT 296.71 596.90 Td (a ) Tj ET Q q 0 0 0 rg BT 304.90 596.90 Td (strong ) Tj ET Q q 0 0 0 rg BT 333.64 596.90 Td (foundation ) Tj ET Q q 0 0 0 rg BT 380.71 596.90 Td (to ) Tj ET Q q 0 0 0 rg BT 392.23 596.90 Td (build ) Tj ET Q q 0 0 0 rg BT 416.53 596.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 459.70 596.90 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 507.88 596.90 Td (value ) Tj ET Q q 0 0 0 rg BT 533.28 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 548.68 596.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.50 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 105.04 579.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 148.08 579.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.02 579.50 Td (employees. ) Tj ET Q q 0 0 0 rg BT 212.61 579.50 Td (W) Tj ET Q q 0 0 0 rg BT 221.24 579.50 Td (e ) Tj ET Q q 0 0 0 rg BT 228.18 579.50 Td (look ) Tj ET Q q 0 0 0 rg BT 248.46 579.50 Td (forward ) Tj ET Q q 0 0 0 rg BT 282.61 579.50 Td (to ) Tj ET Q q 0 0 0 rg BT 292.89 579.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 315.39 579.50 Td (with ) Tj ET Q q 0 0 0 rg BT 335.67 579.50 Td (confidence. ) Tj ET Q /GS0 gs q 149.00 0 0 52.00 49.50 499.10 cm /I2 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.70 Td (President ) Tj ET Q q 0 0 0 rg BT 89.22 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 106.16 478.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 130.87 478.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 173.35 478.70 Td (Of) Tj ET Q q 0 0 0 rg BT 183.72 478.70 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.30 Td (April ) Tj ET Q q 0 0 0 rg BT 73.11 458.30 Td (19, ) Tj ET Q q 0 0 0 rg BT 88.11 458.30 Td (2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 395.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.08 391.10 Td (Source: http://newsroom.fpl.com/2015-07-02-FPL-announces-plans-to-move-forward-with-next-major) Tj ET Q q 0 0 0 rg BT 468.72 391.10 Td (-investment-in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 379.10 Td (continued-modernization-of-its-power) Tj ET Q q 0 0 0 rg BT 211.58 379.10 Td (-plant-fleet-building-on-successful-strategy-of-advancing-af) Tj ET Q q 0 0 0 rg BT 452.41 379.10 Td (fordable-clean-ener) Tj ET Q q 0 0 0 rg BT 530.51 379.10 Td (gy-in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 367.10 Td (Florida and http://newsroom.fpl.com) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 350.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.08 346.10 Td (Source: https://www) Tj ET Q q 0 0 0 rg BT 138.92 346.10 Td (.duke-ener) Tj ET Q q 0 0 0 rg BT 181.22 346.10 Td (gy) Tj ET Q q 0 0 0 rg BT 190.57 346.10 Td (.com/_/media/pdfs/our) Tj ET Q q 0 0 0 rg BT 281.18 346.10 Td (-company/investors/news-and-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 334.10 Td (events/2017/1qresults/4q2016slidesr2.pdf?la=en) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 317.63 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.08 313.10 Td (Source: ) Tj ET Q q 0 0 0 rg BT 90.12 313.10 Td (http://www) Tj ET Q q 0 0 0 rg BT 135.03 313.10 Td (.lcra.or) Tj ET Q q 0 0 0 rg BT 163.17 313.10 Td (g/about/financial-highlights/Documents/lcra-fy-2017-business-and-capital-plans.pdf) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.75 742.25 Td (COMMON ST) Tj ET Q q 0 0 0 rg BT 288.18 742.25 Td (OCK INFORMA) Tj ET Q q 0 0 0 rg BT 361.60 742.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.77 724.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 107.21 724.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 132.21 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.10 724.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 164.98 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.20 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.64 724.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 219.97 724.25 Td (MKT) Tj ET Q q 0 0 0 rg BT 242.01 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.23 724.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 265.33 724.25 Td (under ) Tj ET Q q 0 0 0 rg BT 290.32 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.75 724.25 Td (symbol ) Tj ET Q q 0 0 0 rg BT 336.42 724.25 Td (GV) Tj ET Q q 0 0 0 rg BT 349.57 724.25 Td (. ) Tj ET Q q 0 0 0 rg BT 354.29 724.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 372.06 724.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 411.51 724.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.50 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 445.39 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.83 724.25 Td (longest ) Tj ET Q q 0 0 0 rg BT 490.93 724.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 518.14 724.25 Td (security ) Tj ET Q q 0 0 0 rg BT 552.01 724.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 712.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 92.68 712.25 Td (MKT) Tj ET Q q 0 0 0 rg BT 114.72 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.89 712.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 137.96 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.57 712.25 Td (its ) Tj ET Q q 0 0 0 rg BT 166.19 712.25 Td (predecessor ) Tj ET Q q 0 0 0 rg BT 215.56 712.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 261.88 712.25 Td (having ) Tj ET Q q 0 0 0 rg BT 291.27 712.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 341.76 712.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 372.26 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.21 712.25 Td (1906. ) Tj ET Q q 0 0 0 rg BT 406.73 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 424.45 712.25 Td (following ) Tj ET Q q 0 0 0 rg BT 465.51 712.25 Td (table ) Tj ET Q q 0 0 0 rg BT 487.12 712.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 514.30 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 712.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (high ) Tj ET Q q 0 0 0 rg BT 70.28 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.22 700.25 Td (low ) Tj ET Q q 0 0 0 rg BT 104.72 700.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 126.66 700.25 Td (price ) Tj ET Q q 0 0 0 rg BT 149.14 700.25 Td (at ) Tj ET Q q 0 0 0 rg BT 158.86 700.25 Td (which ) Tj ET Q q 0 0 0 rg BT 185.80 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.63 700.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 241.35 700.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 266.63 700.25 Td (was ) Tj ET Q q 0 0 0 rg BT 284.68 700.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 312.17 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.45 700.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 344.95 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.88 700.25 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 671.75 m 355.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 671.75 m 359.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 671.75 m 424.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 671.75 m 493.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 671.75 m 497.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 671.75 m 562.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 659.75 m 355.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 659.75 m 424.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 659.75 m 493.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 659.75 m 562.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 659.75 m 355.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 659.75 m 424.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 659.75 m 493.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 659.75 m 562.5 659.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 674.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 674.48 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.90 662.48 Td (High) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.05 662.48 Td (Low) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.90 662.48 Td (High) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.05 662.48 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.32 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 650.32 Td (1.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 650.32 Td (1.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 650.32 Td (2.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 650.32 Td (1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.32 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 636.32 Td (3.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 636.32 Td (1.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 636.32 Td (2.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 636.32 Td (1.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.32 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 622.32 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 622.32 Td (2.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 622.32 Td (1.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 622.32 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.32 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 608.32 Td (5.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 608.32 Td (2.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 608.32 Td (1.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 608.32 Td (1.44) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.61 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.44 586.25 Td (March13, ) Tj ET Q q 0 0 0 rg BT 118.04 586.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 143.04 586.25 Td (there ) Tj ET Q q 0 0 0 rg BT 165.53 586.25 Td (were ) Tj ET Q q 0 0 0 rg BT 187.46 586.25 Td (6,017 ) Tj ET Q q 0 0 0 rg BT 212.46 586.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 244.39 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.22 586.25 Td (record ) Tj ET Q q 0 0 0 rg BT 283.26 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.09 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.92 586.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 349.65 586.25 Td (Stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.60 550.25 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 347.57 550.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 363.77 550.25 Td (T) Tj ET Q q 0 0 0 rg BT 369.70 550.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 532.25 Td (following ) Tj ET Q q 0 0 0 rg BT 110.73 532.25 Td (table ) Tj ET Q q 0 0 0 rg BT 133.31 532.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 151.45 532.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 174.04 532.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 214.40 532.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 268.09 532.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.21 532.25 Td (information ) Tj ET Q q 0 0 0 rg BT 356.57 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.38 532.25 Td (each ) Tj ET Q q 0 0 0 rg BT 392.84 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.31 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.68 532.25 Td (years ) Tj ET Q q 0 0 0 rg BT 443.92 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.85 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.21 532.25 Td (five-year ) Tj ET Q q 0 0 0 rg BT 509.44 532.25 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 532.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 520.25 Td (2016:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 490.75 m 291.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 490.75 m 304.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 490.75 m 308.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 490.75 m 359.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 490.75 m 372.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 490.75 m 376.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 490.75 m 427.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 490.75 m 440.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 490.75 m 444.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 490.75 m 495.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 490.75 m 508.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 490.75 m 512.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 490.75 m 563.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 490.75 m 291.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 477.75 m 291.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 490.75 m 304.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 490.75 m 308.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 490.75 m 359.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 477.75 m 359.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 490.75 m 372.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 490.75 m 376.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 490.75 m 427.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 477.75 m 427.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 490.75 m 440.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 490.75 m 444.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 490.75 m 495.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 477.75 m 495.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 490.75 m 508.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 490.75 m 512.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 490.75 m 563.5 490.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 477.75 m 563.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 412.75 m 291.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 412.75 m 359.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 412.75 m 427.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 412.75 m 495.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 412.75 m 563.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 400.75 m 291.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 398.75 m 291.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 400.75 m 359.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 398.75 m 359.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 400.75 m 427.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 398.75 m 427.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 400.75 m 495.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 398.75 m 495.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 400.75 m 563.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 398.75 m 563.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 372.75 m 291.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 372.75 m 359.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 372.75 m 427.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 372.75 m 495.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 372.75 m 563.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 333.75 m 291.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 333.75 m 359.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 333.75 m 427.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 333.75 m 495.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 333.75 m 563.5 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 321.75 m 291.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 319.75 m 291.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 321.75 m 359.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 319.75 m 359.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 321.75 m 427.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 319.75 m 427.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 321.75 m 495.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 319.75 m 495.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 321.75 m 563.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 319.75 m 563.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 281.75 m 291.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 281.75 m 359.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 281.75 m 427.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 281.75 m 495.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 281.75 m 563.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 269.75 m 291.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 267.75 m 291.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 269.75 m 359.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 267.75 m 359.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 269.75 m 427.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 267.75 m 427.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 269.75 m 495.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 267.75 m 495.5 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 269.75 m 563.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 267.75 m 563.5 267.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 495.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 494.98 Td (Year Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 482.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.50 481.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 481.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 482.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 481.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 482.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 481.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 482.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.50 481.98 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 469.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.75 469.00 Td (\(In thousands except per share and share amounts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 456.00 Td (Continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 443.00 Td (Revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 430.00 Td (Electrical construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 430.00 Td (125,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 430.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 430.00 Td (119,617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 430.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 430.00 Td (94,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 430.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 430.00 Td (88,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 430.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 430.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 430.00 Td (80,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 417.00 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 417.00 Td (4,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 417.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 417.00 Td (955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 417.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 417.00 Td (3,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 417.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 417.00 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 417.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 417.00 Td (1,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.00 404.00 Td (Total revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 404.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 404.00 Td (130,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 404.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 404.00 Td (120,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 404.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 404.00 Td (98,363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 404.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 404.00 Td (89,204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 404.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 404.00 Td (81,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 390.00 Td (Income before taxes from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 390.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 390.00 Td (20,918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 390.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 390.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 390.00 Td (8,204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 390.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 390.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 390.00 Td (778) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 390.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 390.00 Td (7,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 390.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 390.00 Td (16,745) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 377.00 Td (Income tax provision) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.30 377.00 Td (7,810) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 377.00 Td (3,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 377.00 Td (653) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 377.00 Td (3,285) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.30 377.00 Td (4,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 364.00 Td (Income from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 364.00 Td (13,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 364.00 Td (4,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 364.00 Td (125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 364.00 Td (4,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 364.00 Td (11,961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 351.00 Td (Discontinued operations ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 132.98 355.08 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 338.00 Td (Loss from operations, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.60 338.00 Td (\(108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 338.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.60 338.00 Td (\(333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 338.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 338.00 Td (\(444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 338.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.60 338.00 Td (\(724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 338.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.30 338.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 325.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 325.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 325.00 Td (13,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 325.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.30 325.00 Td (4,493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 325.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 325.00 Td (\(319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 325.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 325.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 325.00 Td (3,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 325.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 325.00 Td (11,961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 312.00 Td (Earnings \(loss\) per share basic and diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 299.00 Td (Continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 299.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 299.00 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 299.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 299.00 Td (0.19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 299.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 299.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 299.00 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 299.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 299.00 Td (0.47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 286.00 Td (Discontinued operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.60 286.00 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.60 286.00 Td (\(0.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.60 286.00 Td (\(0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.30 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 273.00 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 273.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 273.00 Td (0.51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 273.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 273.00 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 273.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.60 273.00 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 273.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 273.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 273.00 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 273.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 273.00 Td (0.47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 260.00 Td (Weighted average shares outstanding basic and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 252.00 Td (diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.25 252.00 Td (25,451,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 252.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.25 252.00 Td (25,451,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 252.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.25 252.00 Td (25,451,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 252.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.25 252.00 Td (25,451,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 252.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.25 252.00 Td (25,451,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 226.00 Td (Balance sheet data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 213.00 Td (T) Tj ET Q q 0 0 0 rg BT 75.33 213.00 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 107.99 216.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 109.29 217.53 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.00 213.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 213.00 Td (91,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.00 213.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 213.00 Td (81,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 213.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 213.00 Td (79,910) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 213.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 213.00 Td (77,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 213.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 213.00 Td (57,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 200.00 Td (Long term debt including current portion, net ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 218.07 204.53 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 200.00 Td (22,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 200.00 Td (26,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 200.00 Td (26,284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 200.00 Td (31,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 200.00 Td (17,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 187.00 Td (Stockholders equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 187.00 Td (48,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 187.00 Td (35,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 187.00 Td (30,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 187.00 Td (31,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 187.00 Td (27,293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.00 174.00 Td (Working capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.25 174.00 Td (32,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.00 174.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 174.00 Td (25,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 174.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 174.00 Td (19,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 174.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.25 174.00 Td (21,923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.00 174.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.25 174.00 Td (18,822) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 155.25 Td (total ) Tj ET Q q 0 0 0 rg BT 88.32 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.15 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.87 155.25 Td (above ) Tj ET Q q 0 0 0 rg BT 140.24 155.25 Td (categories ) Tj ET Q q 0 0 0 rg BT 183.28 155.25 Td (may ) Tj ET Q q 0 0 0 rg BT 202.99 155.25 Td (dif) Tj ET Q q 0 0 0 rg BT 213.92 155.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 227.52 155.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.46 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 155.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 283.34 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.17 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.89 155.25 Td (components ) Tj ET Q q 0 0 0 rg BT 359.72 155.25 Td (due ) Tj ET Q q 0 0 0 rg BT 376.66 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.93 155.25 Td (rounding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (___________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 119.25 Td (For ) Tj ET Q q 0 0 0 rg BT 84.39 119.25 Td (information ) Tj ET Q q 0 0 0 rg BT 134.10 119.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.93 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.21 119.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 211.04 119.25 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 259.91 119.25 Td (see ) Tj ET Q q 0 0 0 rg BT 275.18 119.25 Td (note ) Tj ET Q q 0 0 0 rg BT 294.90 119.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 302.40 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.68 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.39 119.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 380.44 119.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.92 119.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 101.25 Td (Reflects ) Tj ET Q q 0 0 0 rg BT 102.86 101.25 Td (t) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 105.64 101.25 Td (he ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 117.17 101.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 168.13 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.56 101.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 197.87 101.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 233.84 101.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.93 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.80 101.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 312.86 101.25 Td (with ) Tj ET Q q 0 0 0 rg BT 332.73 101.25 Td (t) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 335.51 101.25 Td (he ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 347.04 101.25 Td (adoption ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 384.13 101.25 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 394.09 101.25 Td (Accounting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 442.84 101.25 Td (Standard ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 480.48 101.25 Td (Update ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 511.45 101.25 Td (No.2015-03 ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 68.00 89.25 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 86.44 89.25 Td (2015-15, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 126.27 89.25 Td (which ) Tj ET Q q 0 0 0 rg BT 154.71 89.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 190.37 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.15 89.25 Td (areduction ) Tj ET Q q 0 0 0 rg BT 250.85 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.19 89.25 Td (total ) Tj ET Q q 0 0 0 rg BT 284.96 89.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 312.29 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.73 89.25 Td (long ) Tj ET Q q 0 0 0 rg BT 352.51 89.25 Td (term ) Tj ET Q q 0 0 0 rg BT 374.84 89.25 Td (debt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 392.06 89.25 Td ( ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 396.06 89.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 408.39 89.25 Td ($60,000) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 440.89 89.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 447.39 89.25 Td ($49,000, ) Tj ET Q q 0 0 0 rg BT 486.40 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.84 89.25 Td ($45,000 ) Tj ET Q q 0 0 0 rg BT 541.34 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 89.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 77.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.58 77.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 151.58 77.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 174.08 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.02 77.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 216.02 77.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 263.68 77.25 Td (.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (MANAGEMENT'S ) Tj ET Q q 0 0 0 rg BT 136.24 742.25 Td (DISCUSSION ) Tj ET Q q 0 0 0 rg BT 199.20 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 222.69 742.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 250.11 742.25 Td (YSIS ) Tj ET Q q 0 0 0 rg BT 274.69 742.25 Td (OF) Tj ET Q q 0 0 0 rg BT 288.21 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.55 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 346.67 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.02 742.25 Td (CONDITION ) Tj ET Q q 0 0 0 rg BT 409.74 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 433.75 742.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 466.18 742.25 Td (TS ) Tj ET Q q 0 0 0 rg BT 480.76 742.25 Td (OF) Tj ET Q q 0 0 0 rg BT 494.27 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.62 742.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 530.88 742.25 Td (TIONS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.45 724.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 709.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.29 709.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.72 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 86.38 709.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 122.47 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.02 709.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 171.87 709.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 223.53 709.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 260.45 709.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 299.88 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.88 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.31 709.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 365.42 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.07 709.25 Td (mid-Atlantic ) Tj ET Q q 0 0 0 rg BT 435.39 709.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 467.05 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.60 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.03 709.25 Td (United ) Tj ET Q q 0 0 0 rg BT 521.47 709.25 Td (States ) Tj ET Q q 0 0 0 rg BT 547.57 709.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 697.25 Td (exas. ) Tj ET Q q 0 0 0 rg BT 78.25 697.25 Td (For ) Tj ET Q q 0 0 0 rg BT 94.72 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 697.25 Td (year ) Tj ET Q q 0 0 0 rg BT 129.30 697.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.75 697.25 Td (December ) Tj ET Q q 0 0 0 rg BT 199.41 697.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.48 697.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 239.56 697.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.47 697.25 Td (total ) Tj ET Q q 0 0 0 rg BT 275.82 697.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 328.93 697.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 363.15 697.25 Td (grew ) Tj ET Q q 0 0 0 rg BT 385.72 697.25 Td (8.2% ) Tj ET Q q 0 0 0 rg BT 409.13 697.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.48 697.25 Td ($130.4 ) Tj ET Q q 0 0 0 rg BT 449.56 697.25 Td (million ) Tj ET Q q 0 0 0 rg BT 481.02 697.25 Td (from ) Tj ET Q q 0 0 0 rg BT 503.04 697.25 Td ($120.6 ) Tj ET Q q 0 0 0 rg BT 533.11 697.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 685.25 Td (same ) Tj ET Q q 0 0 0 rg BT 98.04 685.25 Td (period ) Tj ET Q q 0 0 0 rg BT 126.09 685.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.37 685.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 86.44 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.78 670.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 153.50 670.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 181.05 670.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 231.38 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.27 670.25 Td (America ) Tj ET Q q 0 0 0 rg BT 277.70 670.25 Td (\(PCA\), ) Tj ET Q q 0 0 0 rg BT 317.19 670.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 358.08 670.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 385.64 670.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 435.97 670.25 Td (\(Southeast ) Tj ET Q q 0 0 0 rg BT 484.62 670.25 Td (Power\), ) Tj ET Q q 0 0 0 rg BT 522.45 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.89 670.25 Td (C ) Tj ET Q q 0 0 0 rg BT 547.56 670.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (C ) Tj ET Q q 0 0 0 rg BT 59.11 658.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 87.10 658.25 Td (Line, ) Tj ET Q q 0 0 0 rg BT 110.36 658.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 128.07 658.25 Td (\(C&C\), ) Tj ET Q q 0 0 0 rg BT 169.67 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.76 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.41 658.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 234.17 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.38 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.04 658.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 310.91 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.68 658.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 360.75 658.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 417.06 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 431.15 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.81 658.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 472.14 658.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 507.36 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.24 658.25 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.26 646.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 136.36 646.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 164.13 646.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 202.44 646.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 241.29 646.25 Td (contracting ) Tj ET Q q 0 0 0 rg BT 288.49 646.25 Td (services ) Tj ET Q q 0 0 0 rg BT 322.91 646.25 Td (including ) Tj ET Q q 0 0 0 rg BT 362.90 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.33 646.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 428.97 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.52 646.25 Td (transmission ) Tj ET Q q 0 0 0 rg BT 492.29 646.25 Td (lines, ) Tj ET Q q 0 0 0 rg BT 515.89 646.25 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 86.23 634.25 Td (substations, ) Tj ET Q q 0 0 0 rg BT 135.25 634.25 Td (drilled ) Tj ET Q q 0 0 0 rg BT 163.42 634.25 Td (pier ) Tj ET Q q 0 0 0 rg BT 181.03 634.25 Td (foundations ) Tj ET Q q 0 0 0 rg BT 230.31 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.81 634.25 Td (other ) Tj ET Q q 0 0 0 rg BT 269.42 634.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 308.12 634.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 344.89 634.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 385.84 634.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 413.46 634.25 Td (is ) Tj ET Q q 0 0 0 rg BT 422.20 634.25 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 480.89 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.58 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 496.34 634.25 Td (itusville, ) Tj ET Q q 0 0 0 rg BT 533.13 634.25 Td (Florida ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 622.25 Td (has ) Tj ET Q q 0 0 0 rg BT 83.00 622.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 125.61 622.25 Td (of) Tj ET Q q 0 0 0 rg BT 133.76 622.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 155.25 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.64 622.25 Td (Bastrop, ) Tj ET Q q 0 0 0 rg BT 201.68 622.25 Td (T) Tj ET Q q 0 0 0 rg BT 207.09 622.25 Td (exas ) Tj ET Q q 0 0 0 rg BT 227.47 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.53 622.25 Td (Spartanbur) Tj ET Q q 0 0 0 rg BT 288.23 622.25 Td (g, ) Tj ET Q q 0 0 0 rg BT 298.34 622.25 Td (South ) Tj ET Q q 0 0 0 rg BT 324.30 622.25 Td (Carolina. ) Tj ET Q q 0 0 0 rg BT 363.85 622.25 Td (C&C, ) Tj ET Q q 0 0 0 rg BT 390.08 622.25 Td (headquartered ) Tj ET Q q 0 0 0 rg BT 449.33 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.72 622.25 Td (Jacksonville, ) Tj ET Q q 0 0 0 rg BT 514.27 622.25 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 548.28 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 557.56 622.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (full ) Tj ET Q q 0 0 0 rg BT 66.39 610.25 Td (service ) Tj ET Q q 0 0 0 rg BT 97.20 610.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 136.34 610.25 Td (contractor ) Tj ET Q q 0 0 0 rg BT 179.37 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.87 610.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 233.80 610.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 264.08 610.25 Td (services ) Tj ET Q q 0 0 0 rg BT 298.78 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.61 610.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 351.00 610.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 379.05 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 399.33 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.27 610.25 Td (unionized ) Tj ET Q q 0 0 0 rg BT 448.20 610.25 Td (workforce. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.39 595.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 109.87 595.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 163.14 595.25 Td (business ) Tj ET Q q 0 0 0 rg BT 200.88 595.25 Td (is ) Tj ET Q q 0 0 0 rg BT 211.39 595.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 240.79 595.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 291.84 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.12 595.25 Td (fragmented. ) Tj ET Q q 0 0 0 rg BT 361.72 595.25 Td (W) Tj ET Q q 0 0 0 rg BT 370.36 595.25 Td (e ) Tj ET Q q 0 0 0 rg BT 378.64 595.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 416.35 595.25 Td (with ) Tj ET Q q 0 0 0 rg BT 437.97 595.25 Td (other ) Tj ET Q q 0 0 0 rg BT 462.36 595.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 515.08 595.25 Td (contractors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.46 583.25 Td (lar) Tj ET Q q 0 0 0 rg BT 100.82 583.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 116.28 583.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 151.73 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.85 583.25 Td (national ) Tj ET Q q 0 0 0 rg BT 203.75 583.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 227.54 583.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.22 583.25 Td (may ) Tj ET Q q 0 0 0 rg BT 265.12 583.25 Td (have ) Tj ET Q q 0 0 0 rg BT 286.68 583.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 326.85 583.25 Td (operational, ) Tj ET Q q 0 0 0 rg BT 377.01 583.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 415.78 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.91 583.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 476.13 583.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 516.58 583.25 Td (that ) Tj ET Q q 0 0 0 rg BT 534.26 583.25 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.39 571.25 Td (own. ) Tj ET Q q 0 0 0 rg BT 88.95 571.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.59 571.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.09 571.25 Td (also ) Tj ET Q q 0 0 0 rg BT 124.26 571.25 Td (face ) Tj ET Q q 0 0 0 rg BT 143.97 571.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 194.80 571.25 Td (from ) Tj ET Q q 0 0 0 rg BT 217.30 571.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 252.02 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.52 571.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 318.68 571.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 362.29 571.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 413.12 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 424.52 571.25 Td (augmenting ) Tj ET Q q 0 0 0 rg BT 474.79 571.25 Td (in-house ) Tj ET Q q 0 0 0 rg BT 512.29 571.25 Td (services ) Tj ET Q q 0 0 0 rg BT 547.56 571.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 559.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 107.03 559.25 Td (that ) Tj ET Q q 0 0 0 rg BT 125.36 559.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 158.69 559.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 200.91 559.25 Td (who ) Tj ET Q q 0 0 0 rg BT 221.47 559.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 257.01 559.25 Td (some ) Tj ET Q q 0 0 0 rg BT 281.46 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.13 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.68 559.25 Td (same ) Tj ET Q q 0 0 0 rg BT 332.56 559.25 Td (types ) Tj ET Q q 0 0 0 rg BT 357.01 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.68 559.25 Td (services ) Tj ET Q q 0 0 0 rg BT 404.22 559.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.89 559.25 Td (those ) Tj ET Q q 0 0 0 rg BT 440.33 559.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 479.22 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 492.56 559.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 507.29 559.25 Td (In ) Tj ET Q q 0 0 0 rg BT 518.95 559.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 557.56 559.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.36 547.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 125.39 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.87 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 151.35 547.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 190.13 547.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 241.71 547.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.51 547.25 Td (is ) Tj ET Q q 0 0 0 rg BT 284.32 547.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 316.46 547.25 Td (from ) Tj ET Q q 0 0 0 rg BT 338.04 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.63 547.25 Td (small ) Tj ET Q q 0 0 0 rg BT 368.44 547.25 Td (group ) Tj ET Q q 0 0 0 rg BT 393.92 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.40 547.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 449.59 547.25 Td (several ) Tj ET Q q 0 0 0 rg BT 480.05 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.53 547.25 Td (which ) Tj ET Q q 0 0 0 rg BT 517.12 547.25 Td (account ) Tj ET Q q 0 0 0 rg BT 550.36 547.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.85 535.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 104.04 535.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 136.33 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.08 535.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.82 535.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 199.88 535.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.07 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 228.92 535.25 Td (given ) Tj ET Q q 0 0 0 rg BT 254.55 535.25 Td (year) Tj ET Q q 0 0 0 rg BT 271.20 535.25 Td (. ) Tj ET Q q 0 0 0 rg BT 276.87 535.25 Td (The ) Tj ET Q q 0 0 0 rg BT 295.83 535.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 329.22 535.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 364.28 535.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 416.57 535.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.98 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 447.83 535.25 Td (single ) Tj ET Q q 0 0 0 rg BT 475.13 535.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 515.20 535.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.94 535.25 Td (group ) Tj ET Q q 0 0 0 rg BT 553.68 535.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.40 523.25 Td (may ) Tj ET Q q 0 0 0 rg BT 111.47 523.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 163.32 523.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 200.15 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 221.45 523.25 Td (period-to-period. ) Tj ET Q q 0 0 0 rg BT 291.33 523.25 Td (For ) Tj ET Q q 0 0 0 rg BT 307.08 523.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 345.30 523.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.82 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.89 523.25 Td (years ) Tj ET Q q 0 0 0 rg BT 395.84 523.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 421.58 523.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 479.51 523.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 501.37 523.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.66 523.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 542.02 523.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 511.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.97 511.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 120.17 511.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 163.35 511.25 Td (for ) Tj ET Q q 0 0 0 rg BT 177.66 511.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 238.08 511.25 Td (58% ) Tj ET Q q 0 0 0 rg BT 259.06 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.15 511.25 Td (62% ) Tj ET Q q 0 0 0 rg BT 297.13 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.12 511.25 Td (our ) Tj ET Q q 0 0 0 rg BT 324.10 511.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 377.29 511.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 414.09 511.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 461.75 511.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.71 511.25 Td (The ) Tj ET Q q 0 0 0 rg BT 484.91 511.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 503.13 511.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 516.61 511.25 Td (or ) Tj ET Q q 0 0 0 rg BT 527.59 511.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.12 499.25 Td (current ) Tj ET Q q 0 0 0 rg BT 90.79 499.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 124.79 499.25 Td (from ) Tj ET Q q 0 0 0 rg BT 146.57 499.25 Td (one ) Tj ET Q q 0 0 0 rg BT 163.36 499.25 Td (or ) Tj ET Q q 0 0 0 rg BT 174.03 499.25 Td (more ) Tj ET Q q 0 0 0 rg BT 196.93 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.60 499.25 Td (these ) Tj ET Q q 0 0 0 rg BT 230.50 499.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 275.89 499.25 Td (would, ) Tj ET Q q 0 0 0 rg BT 305.73 499.25 Td (if ) Tj ET Q q 0 0 0 rg BT 314.19 499.25 Td (not ) Tj ET Q q 0 0 0 rg BT 329.31 499.25 Td (replaced ) Tj ET Q q 0 0 0 rg BT 365.52 499.25 Td (by ) Tj ET Q q 0 0 0 rg BT 377.87 499.25 Td (other ) Tj ET Q q 0 0 0 rg BT 400.76 499.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 439.50 499.25 Td (result ) Tj ET Q q 0 0 0 rg BT 464.06 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.19 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.97 499.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 517.73 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.86 499.25 Td (revenue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 487.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 84.54 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.47 487.25 Td (profits, ) Tj ET Q q 0 0 0 rg BT 132.58 487.25 Td (which ) Tj ET Q q 0 0 0 rg BT 159.52 487.25 Td (could ) Tj ET Q q 0 0 0 rg BT 184.24 487.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.18 487.25 Td (material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.10 472.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 276.81 472.25 Td (Accounting Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (This ) Tj ET Q q 0 0 0 rg BT 69.33 457.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 112.55 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.54 457.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 162.31 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.20 457.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.08 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.61 457.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 262.94 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.93 457.25 Td (results ) Tj ET Q q 0 0 0 rg BT 306.59 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.47 457.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 359.68 457.25 Td (is ) Tj ET Q q 0 0 0 rg BT 367.91 457.25 Td (based ) Tj ET Q q 0 0 0 rg BT 392.23 457.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 413.78 457.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.66 457.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.76 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 457.25 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.18 445.25 Td (have ) Tj ET Q q 0 0 0 rg BT 98.79 445.25 Td (been ) Tj ET Q q 0 0 0 rg BT 120.41 445.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 158.13 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.64 445.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 216.34 445.25 Td (with ) Tj ET Q q 0 0 0 rg BT 236.86 445.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 257.38 445.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 297.32 445.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 335.03 445.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 381.65 445.25 Td (principles. ) Tj ET Q q 0 0 0 rg BT 426.12 445.25 Td (The ) Tj ET Q q 0 0 0 rg BT 444.41 445.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 492.68 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.75 445.25 Td (these ) Tj ET Q q 0 0 0 rg BT 527.03 445.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.90 433.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 127.80 433.25 Td (us ) Tj ET Q q 0 0 0 rg BT 138.38 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.84 433.25 Td (make ) Tj ET Q q 0 0 0 rg BT 171.19 433.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 210.09 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.21 433.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 269.57 433.25 Td (that ) Tj ET Q q 0 0 0 rg BT 286.25 433.25 Td (af) Tj ET Q q 0 0 0 rg BT 293.84 433.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 310.51 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 433.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 359.42 433.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 395.00 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.02 433.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 432.53 433.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 473.94 433.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 507.27 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.40 433.25 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.52 421.25 Td (related ) Tj ET Q q 0 0 0 rg BT 95.80 421.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 138.42 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.83 421.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 193.13 421.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 218.53 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.05 421.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 276.85 421.25 Td (On ) Tj ET Q q 0 0 0 rg BT 291.15 421.25 Td (an ) Tj ET Q q 0 0 0 rg BT 302.67 421.25 Td (on-going ) Tj ET Q q 0 0 0 rg BT 340.85 421.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 365.43 421.25 Td (we ) Tj ET Q q 0 0 0 rg BT 379.17 421.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 414.56 421.25 Td (our ) Tj ET Q q 0 0 0 rg BT 429.97 421.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 471.76 421.25 Td (including ) Tj ET Q q 0 0 0 rg BT 511.61 421.25 Td (those ) Tj ET Q q 0 0 0 rg BT 534.80 421.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.41 409.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 104.91 409.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 143.18 409.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 194.25 409.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 234.48 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.33 409.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 287.72 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.68 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.65 409.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 345.37 409.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 394.76 409.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 416.39 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.47 409.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 467.41 409.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.26 409.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.22 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.30 409.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 397.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.11 397.25 Td (base ) Tj ET Q q 0 0 0 rg BT 86.92 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.29 397.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 143.54 397.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.57 397.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 196.82 397.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 243.16 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.63 397.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.67 397.25 Td (various ) Tj ET Q q 0 0 0 rg BT 306.15 397.25 Td (other ) Tj ET Q q 0 0 0 rg BT 329.73 397.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 382.22 397.25 Td (that ) Tj ET Q q 0 0 0 rg BT 400.25 397.25 Td (are ) Tj ET Q q 0 0 0 rg BT 415.49 397.25 Td (believed ) Tj ET Q q 0 0 0 rg BT 452.40 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.22 397.25 Td (be ) Tj ET Q q 0 0 0 rg BT 475.69 397.25 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 523.98 397.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 397.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.91 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.90 385.25 Td (results ) Tj ET Q q 0 0 0 rg BT 155.79 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.89 385.25 Td (which ) Tj ET Q q 0 0 0 rg BT 194.10 385.25 Td (form ) Tj ET Q q 0 0 0 rg BT 216.31 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.30 385.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 254.08 385.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.51 385.25 Td (making ) Tj ET Q q 0 0 0 rg BT 301.28 385.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 345.72 385.25 Td (about ) Tj ET Q q 0 0 0 rg BT 370.71 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.70 385.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 421.79 385.25 Td (values ) Tj ET Q q 0 0 0 rg BT 450.11 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.21 385.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 487.31 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.53 385.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 547.02 385.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.57 373.25 Td (not ) Tj ET Q q 0 0 0 rg BT 77.71 373.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 106.83 373.25 Td (apparent ) Tj ET Q q 0 0 0 rg BT 142.62 373.25 Td (from ) Tj ET Q q 0 0 0 rg BT 163.42 373.25 Td (other ) Tj ET Q q 0 0 0 rg BT 185.33 373.25 Td (sources. ) Tj ET Q q 0 0 0 rg BT 218.88 373.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 246.89 373.25 Td (results ) Tj ET Q q 0 0 0 rg BT 274.36 373.25 Td (may ) Tj ET Q q 0 0 0 rg BT 292.94 373.25 Td (dif) Tj ET Q q 0 0 0 rg BT 303.87 373.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 316.33 373.25 Td (from ) Tj ET Q q 0 0 0 rg BT 337.13 373.25 Td (these ) Tj ET Q q 0 0 0 rg BT 359.04 373.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 397.61 373.25 Td (under ) Tj ET Q q 0 0 0 rg BT 421.74 373.25 Td (dif) Tj ET Q q 0 0 0 rg BT 432.67 373.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 457.34 373.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 508.15 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 517.85 373.25 Td (conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.49 361.25 Td (management ) Tj ET Q q 0 0 0 rg BT 120.52 361.25 Td (has ) Tj ET Q q 0 0 0 rg BT 135.79 361.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 176.06 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.22 361.25 Td (selection ) Tj ET Q q 0 0 0 rg BT 227.71 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.08 361.25 Td (development ) Tj ET Q q 0 0 0 rg BT 297.68 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.95 361.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.22 361.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 352.92 361.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 398.73 361.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 434.27 361.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 475.93 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.31 361.25 Td (related ) Tj ET Q q 0 0 0 rg BT 521.45 361.25 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.44 349.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 109.72 349.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 156.66 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.49 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.21 349.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 209.15 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.98 349.25 Td (Directors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 98.59 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.42 334.25 Td (Completion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 319.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.01 319.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 107.80 319.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.38 319.25 Td (from ) Tj ET Q q 0 0 0 rg BT 164.75 319.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 211.55 319.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 250.57 319.25 Td (on ) Tj ET Q q 0 0 0 rg BT 263.50 319.25 Td (a ) Tj ET Q q 0 0 0 rg BT 270.87 319.25 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 377.09 319.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 402.52 319.25 Td (using ) Tj ET Q q 0 0 0 rg BT 427.12 319.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 467.27 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.41 319.25 Td (cost-to-cost ) Tj ET Q q 0 0 0 rg BT 532.00 319.25 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (based ) Tj ET Q q 0 0 0 rg BT 74.74 307.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.71 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.89 307.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 146.16 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.46 307.25 Td (total ) Tj ET Q q 0 0 0 rg BT 176.21 307.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 194.28 307.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 229.57 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.31 307.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 260.44 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.19 307.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 314.37 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.12 307.25 Td (total ) Tj ET Q q 0 0 0 rg BT 343.86 307.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.15 307.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 402.23 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.98 307.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 450.60 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 307.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 501.31 307.25 Td (T) Tj ET Q q 0 0 0 rg BT 506.72 307.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 523.69 307.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 70.48 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.78 295.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 105.32 295.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 139.39 295.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 173.19 295.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.72 295.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 220.24 295.25 Td (by ) Tj ET Q q 0 0 0 rg BT 232.11 295.25 Td (several ) Tj ET Q q 0 0 0 rg BT 262.29 295.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 291.36 295.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 333.50 295.25 Td (but ) Tj ET Q q 0 0 0 rg BT 348.15 295.25 Td (not ) Tj ET Q q 0 0 0 rg BT 362.79 295.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 392.99 295.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 405.41 295.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 439.49 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.13 295.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 499.88 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.19 295.25 Td (scheduling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 66.16 283.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.21 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.48 283.25 Td (labor) Tj ET Q q 0 0 0 rg BT 118.63 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 125.07 283.25 Td (subcontracts, ) Tj ET Q q 0 0 0 rg BT 181.50 283.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 222.09 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.47 283.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 288.26 283.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 338.16 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 344.60 283.25 Td (external ) Tj ET Q q 0 0 0 rg BT 380.75 283.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 411.90 283.25 Td (such ) Tj ET Q q 0 0 0 rg BT 434.17 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 446.44 283.25 Td (weather) Tj ET Q q 0 0 0 rg BT 477.69 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 484.13 283.25 Td (site ) Tj ET Q q 0 0 0 rg BT 501.96 283.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 547.56 283.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (scheduling ) Tj ET Q q 0 0 0 rg BT 96.14 271.25 Td (that ) Tj ET Q q 0 0 0 rg BT 113.95 271.25 Td (dif) Tj ET Q q 0 0 0 rg BT 124.88 271.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 138.80 271.25 Td (from ) Tj ET Q q 0 0 0 rg BT 161.05 271.25 Td (those ) Tj ET Q q 0 0 0 rg BT 184.98 271.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 222.23 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.83 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.86 271.25 Td (original ) Tj ET Q q 0 0 0 rg BT 281.78 271.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 297.37 271.25 Td (\(to ) Tj ET Q q 0 0 0 rg BT 311.30 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 271.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 353.58 271.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 388.60 271.25 Td (remedies ) Tj ET Q q 0 0 0 rg BT 427.51 271.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.53 271.25 Td (unavailable\), ) Tj ET Q q 0 0 0 rg BT 497.27 271.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 536.74 271.25 Td (needs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.01 259.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 116.90 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.03 259.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 168.27 259.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 209.49 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.28 259.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 267.78 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.35 259.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 329.69 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.47 259.25 Td (skill ) Tj ET Q q 0 0 0 rg BT 366.05 259.25 Td (level ) Tj ET Q q 0 0 0 rg BT 387.83 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.52 259.25 Td (workers ) Tj ET Q q 0 0 0 rg BT 433.08 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.21 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.77 259.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 504.55 259.25 Td (location ) Tj ET Q q 0 0 0 rg BT 539.11 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 259.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 83.25 247.25 Td (a ) Tj ET Q q 0 0 0 rg BT 90.67 247.25 Td (change ) Tj ET Q q 0 0 0 rg BT 121.98 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.74 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.94 247.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 195.91 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.34 247.25 Td (proximity ) Tj ET Q q 0 0 0 rg BT 255.77 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.08 247.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 309.22 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.64 247.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 384.61 247.25 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 430.64 247.25 Td (may ) Tj ET Q q 0 0 0 rg BT 450.84 247.25 Td (also ) Tj ET Q q 0 0 0 rg BT 469.93 247.25 Td (af) Tj ET Q q 0 0 0 rg BT 477.52 247.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 495.49 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.70 247.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 547.56 247.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.82 235.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 109.43 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.26 235.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.20 235.25 Td (project) Tj ET Q q 0 0 0 rg BT 157.74 235.25 Td (s ) Tj ET Q q 0 0 0 rg BT 164.13 235.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 211.62 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.56 235.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 247.73 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.45 235.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 291.06 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.89 235.25 Td (income ) Tj ET Q q 0 0 0 rg BT 333.82 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.76 235.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 384.91 235.25 Td (recognition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 220.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.85 220.25 Td (change ) Tj ET Q q 0 0 0 rg BT 91.34 220.25 Td (order ) Tj ET Q q 0 0 0 rg BT 115.62 220.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.46 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.08 220.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 187.36 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.31 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.93 220.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 241.31 220.25 Td (that ) Tj ET Q q 0 0 0 rg BT 259.48 220.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 294.87 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.26 220.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 355.11 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.62 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.01 220.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 419.89 220.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 458.06 220.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 496.23 220.25 Td (from ) Tj ET Q q 0 0 0 rg BT 518.85 220.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 220.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (scope, ) Tj ET Q q 0 0 0 rg BT 77.77 208.25 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 137.74 208.25 Td (design, ) Tj ET Q q 0 0 0 rg BT 168.85 208.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 201.33 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.16 208.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 267.67 208.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 307.10 208.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 354.31 208.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 395.96 208.25 Td (sites, ) Tj ET Q q 0 0 0 rg BT 418.73 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.56 208.25 Td (period ) Tj ET Q q 0 0 0 rg BT 457.60 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.43 208.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 515.91 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.74 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.45 208.25 Td (work ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.21 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.88 196.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 127.02 196.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 164.45 196.25 Td (from ) Tj ET Q q 0 0 0 rg BT 186.34 196.25 Td (a ) Tj ET Q q 0 0 0 rg BT 193.22 196.25 Td (change ) Tj ET Q q 0 0 0 rg BT 223.98 196.25 Td (order ) Tj ET Q q 0 0 0 rg BT 247.53 196.25 Td (is ) Tj ET Q q 0 0 0 rg BT 256.64 196.25 Td (included ) Tj ET Q q 0 0 0 rg BT 293.52 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.74 196.25 Td (total ) Tj ET Q q 0 0 0 rg BT 323.96 196.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 364.73 196.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 399.38 196.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 433.47 196.25 Td (only ) Tj ET Q q 0 0 0 rg BT 453.69 196.25 Td (when ) Tj ET Q q 0 0 0 rg BT 477.80 196.25 Td (it ) Tj ET Q q 0 0 0 rg BT 485.80 196.25 Td (is ) Tj ET Q q 0 0 0 rg BT 494.91 196.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 532.34 196.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 196.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (change ) Tj ET Q q 0 0 0 rg BT 80.82 184.25 Td (order ) Tj ET Q q 0 0 0 rg BT 104.41 184.25 Td (will ) Tj ET Q q 0 0 0 rg BT 122.47 184.25 Td (result ) Tj ET Q q 0 0 0 rg BT 147.19 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.47 184.25 Td (an ) Tj ET Q q 0 0 0 rg BT 169.40 184.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 204.68 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.96 184.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 249.66 184.25 Td (value ) Tj ET Q q 0 0 0 rg BT 273.81 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.75 184.25 Td (can ) Tj ET Q q 0 0 0 rg BT 307.13 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 319.07 184.25 Td (reliably ) Tj ET Q q 0 0 0 rg BT 352.11 184.25 Td (estimated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.95 169.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 105.88 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.62 169.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.35 169.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 166.41 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.25 169.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 207.87 169.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 255.82 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.01 169.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.85 169.25 Td (given ) Tj ET Q q 0 0 0 rg BT 297.47 169.25 Td (period ) Tj ET Q q 0 0 0 rg BT 325.43 169.25 Td (is ) Tj ET Q q 0 0 0 rg BT 334.50 169.25 Td (almost ) Tj ET Q q 0 0 0 rg BT 363.58 169.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 389.87 169.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 433.37 169.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.77 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.40 169.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 498.33 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.06 169.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.80 169.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 157.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 92.58 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.33 157.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 140.96 157.25 Td (each ) Tj ET Q q 0 0 0 rg BT 161.25 157.25 Td (project. ) Tj ET Q q 0 0 0 rg BT 193.49 157.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.02 157.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 244.65 157.25 Td (can ) Tj ET Q q 0 0 0 rg BT 260.50 157.25 Td (be ) Tj ET Q q 0 0 0 rg BT 271.91 157.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 308.32 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.73 157.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.49 157.25 Td (almost ) Tj ET Q q 0 0 0 rg BT 363.13 157.25 Td (every ) Tj ET Q q 0 0 0 rg BT 387.31 157.25 Td (case ) Tj ET Q q 0 0 0 rg BT 406.49 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.68 157.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 444.88 157.25 Td (mar) Tj ET Q q 0 0 0 rg BT 460.24 157.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 475.00 157.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 514.18 157.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.82 157.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.23 157.25 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.75 145.25 Td (either ) Tj ET Q q 0 0 0 rg BT 94.71 145.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 130.65 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 142.17 145.25 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 182.28 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.25 145.25 Td (some ) Tj ET Q q 0 0 0 rg BT 217.55 145.25 Td (extent, ) Tj ET Q q 0 0 0 rg BT 247.68 145.25 Td (from ) Tj ET Q q 0 0 0 rg BT 270.31 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.72 145.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.91 145.25 Td (that ) Tj ET Q q 0 0 0 rg BT 337.09 145.25 Td (was ) Tj ET Q q 0 0 0 rg BT 355.84 145.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 397.91 145.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 439.42 145.25 Td (at ) Tj ET Q q 0 0 0 rg BT 449.83 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.24 145.25 Td (time ) Tj ET Q q 0 0 0 rg BT 486.21 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.73 145.25 Td (bid. ) Tj ET Q q 0 0 0 rg BT 516.20 145.25 Td (If ) Tj ET Q q 0 0 0 rg BT 526.05 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.68 145.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 86.13 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.26 133.25 Td (total ) Tj ET Q q 0 0 0 rg BT 117.84 133.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.65 133.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 179.00 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.24 133.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 204.61 133.25 Td (on ) Tj ET Q q 0 0 0 rg BT 217.42 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.66 133.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 262.17 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.20 133.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 317.21 133.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 335.57 133.25 Td (is ) Tj ET Q q 0 0 0 rg BT 345.05 133.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 391.72 133.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.30 133.25 Td (full ) Tj ET Q q 0 0 0 rg BT 419.00 133.25 Td (when ) Tj ET Q q 0 0 0 rg BT 443.46 133.25 Td (determined. ) Tj ET Q q 0 0 0 rg BT 493.13 133.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 529.81 133.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 76.27 121.25 Td (were ) Tj ET Q q 0 0 0 rg BT 98.07 121.25 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 150.44 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 161.14 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.85 121.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 230.31 121.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.68 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.50 121.25 Td (were ) Tj ET Q q 0 0 0 rg BT 291.30 121.25 Td ($65,000 ) Tj ET Q q 0 0 0 rg BT 326.18 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 336.88 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.59 121.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 406.05 121.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 430.75 121.25 Td (The ) Tj ET Q q 0 0 0 rg BT 448.67 121.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 482.13 121.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 516.71 121.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 542.98 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 553.68 121.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.59 109.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 129.09 109.25 Td (were ) Tj ET Q q 0 0 0 rg BT 150.03 109.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 179.31 109.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 226.35 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.63 109.25 Td (transmission ) Tj ET Q q 0 0 0 rg BT 287.70 109.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 320.86 109.25 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 374.00 109.25 Td (either ) Tj ET Q q 0 0 0 rg BT 398.27 109.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 430.31 109.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 463.46 109.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 506.64 109.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.47 109.25 Td (unexpected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 102.72 97.25 Td (issues. ) Tj ET Q q 0 0 0 rg BT 132.39 97.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 170.66 97.25 Td (from ) Tj ET Q q 0 0 0 rg BT 193.38 97.25 Td (change ) Tj ET Q q 0 0 0 rg BT 224.98 97.25 Td (orders, ) Tj ET Q q 0 0 0 rg BT 255.76 97.25 Td (extra ) Tj ET Q q 0 0 0 rg BT 279.03 97.25 Td (work, ) Tj ET Q q 0 0 0 rg BT 305.36 97.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 348.08 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.14 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.64 97.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 400.69 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.31 97.25 Td (work ) Tj ET Q q 0 0 0 rg BT 436.14 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.86 97.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 483.25 97.25 Td (is ) Tj ET Q q 0 0 0 rg BT 493.21 97.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 540.35 97.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 94.70 85.25 Td (is ) Tj ET Q q 0 0 0 rg BT 103.87 85.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 141.35 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.29 85.25 Td (estimable.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 86.94 742.25 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 141.66 742.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.02 727.25 Td (described ) Tj ET Q q 0 0 0 rg BT 105.24 727.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.92 727.25 Td (note ) Tj ET Q q 0 0 0 rg BT 136.04 727.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 143.95 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.63 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.76 727.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 223.20 727.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.09 727.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 308.71 727.25 Td (we ) Tj ET Q q 0 0 0 rg BT 323.27 727.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 367.83 727.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 418.49 727.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 457.50 727.25 Td (at ) Tj ET Q q 0 0 0 rg BT 467.62 727.25 Td (a ) Tj ET Q q 0 0 0 rg BT 474.96 727.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 506.20 727.25 Td (site ) Tj ET Q q 0 0 0 rg BT 522.99 727.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.34 727.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 68.17 715.25 Td (over ) Tj ET Q q 0 0 0 rg BT 87.43 715.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 98.93 715.25 Td (years ) Tj ET Q q 0 0 0 rg BT 121.52 715.25 Td (ago. ) Tj ET Q q 0 0 0 rg BT 139.85 715.25 Td (W) Tj ET Q q 0 0 0 rg BT 148.49 715.25 Td (e ) Tj ET Q q 0 0 0 rg BT 154.42 715.25 Td (had ) Tj ET Q q 0 0 0 rg BT 170.36 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 176.29 715.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 208.32 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.15 715.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 250.73 715.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 299.98 715.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 323.98 715.25 Td (related ) Tj ET Q q 0 0 0 rg BT 352.68 715.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 381.95 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.23 715.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 452.15 715.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 494.42 715.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 527.02 715.25 Td (response ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.60 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.63 703.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 136.67 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.60 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.41 703.25 Td (site, ) Tj ET Q q 0 0 0 rg BT 181.40 703.25 Td (as ) Tj ET Q q 0 0 0 rg BT 192.32 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.25 703.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 261.93 703.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 284.53 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.56 703.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 326.66 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.58 703.25 Td ($215,000 ) Tj ET Q q 0 0 0 rg BT 377.68 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.72 703.25 Td ($243,000, ) Tj ET Q q 0 0 0 rg BT 437.31 703.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 484.97 703.25 Td (. ) Tj ET Q q 0 0 0 rg BT 489.88 703.25 Td (W) Tj ET Q q 0 0 0 rg BT 498.52 703.25 Td (e ) Tj ET Q q 0 0 0 rg BT 505.56 703.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 547.02 703.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (this ) Tj ET Q q 0 0 0 rg BT 67.05 691.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 98.52 691.25 Td (will ) Tj ET Q q 0 0 0 rg BT 116.69 691.25 Td (be ) Tj ET Q q 0 0 0 rg BT 128.73 691.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 166.87 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.25 691.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 202.07 691.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.89 691.25 Td (full ) Tj ET Q q 0 0 0 rg BT 233.38 691.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 283.75 691.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 308.67 691.25 Td (The ) Tj ET Q q 0 0 0 rg BT 326.82 691.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 358.29 691.25 Td (will ) Tj ET Q q 0 0 0 rg BT 376.45 691.25 Td (be ) Tj ET Q q 0 0 0 rg BT 388.50 691.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 427.75 691.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 478.12 691.25 Td (based ) Tj ET Q q 0 0 0 rg BT 503.49 691.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 526.10 691.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 547.58 691.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 109.14 679.25 Td (available ) Tj ET Q q 0 0 0 rg BT 147.73 679.25 Td (at ) Tj ET Q q 0 0 0 rg BT 157.45 679.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.16 679.25 Td (time. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 89.15 664.25 Td (T) Tj ET Q q 0 0 0 rg BT 94.34 664.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 106.47 664.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 134.53 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.59 664.25 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 649.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.56 649.25 Td (account ) Tj ET Q q 0 0 0 rg BT 99.14 649.25 Td (for ) Tj ET Q q 0 0 0 rg BT 113.29 649.25 Td (income ) Tj ET Q q 0 0 0 rg BT 145.21 649.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 168.24 649.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.50 649.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 225.95 649.25 Td (with ) Tj ET Q q 0 0 0 rg BT 245.66 649.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 267.42 649.25 Td (T) Tj ET Q q 0 0 0 rg BT 272.83 649.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 292.53 649.25 Td (740, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.52 649.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 344.43 649.25 Td (T) Tj ET Q q 0 0 0 rg BT 349.08 649.25 Td (axes,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.35 649.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.83 649.25 Td (which ) Tj ET Q q 0 0 0 rg BT 398.75 649.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 444.56 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 649.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 507.29 649.25 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.74 637.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.17 637.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.71 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.36 637.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 183.79 637.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.21 637.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 244.28 637.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.15 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.58 637.25 Td (future ) Tj ET Q q 0 0 0 rg BT 298.67 637.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.10 637.25 Td (ef) Tj ET Q q 0 0 0 rg BT 320.69 637.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 341.78 637.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 389.53 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.52 637.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 442.82 637.25 Td (dif) Tj ET Q q 0 0 0 rg BT 453.75 637.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 489.27 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.92 637.25 Td (carryforwards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (between ) Tj ET Q q 0 0 0 rg BT 85.33 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.57 625.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.57 625.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 176.91 625.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 212.24 625.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.15 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.50 625.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 292.18 625.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 317.53 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.99 625.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 373.23 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.68 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.92 625.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 446.47 625.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 460.71 625.25 Td (bases. ) Tj ET Q q 0 0 0 rg BT 486.88 625.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 524.43 625.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.67 625.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.41 613.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 107.60 613.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.77 613.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 164.06 613.25 Td (using ) Tj ET Q q 0 0 0 rg BT 188.70 613.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 222.20 613.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 237.39 613.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 259.24 613.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 297.74 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.49 613.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 333.67 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.42 613.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 376.26 613.25 Td (income ) Tj ET Q q 0 0 0 rg BT 408.67 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.42 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.60 613.25 Td (years ) Tj ET Q q 0 0 0 rg BT 458.67 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.42 613.25 Td (which ) Tj ET Q q 0 0 0 rg BT 496.83 613.25 Td (those ) Tj ET Q q 0 0 0 rg BT 520.91 613.25 Td (temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 601.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 97.48 601.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.94 601.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 151.72 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.75 601.25 Td (be ) Tj ET Q q 0 0 0 rg BT 175.43 601.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 218.09 601.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.67 601.25 Td (settled. ) Tj ET Q q 0 0 0 rg BT 261.29 601.25 Td (The ) Tj ET Q q 0 0 0 rg BT 280.09 601.25 Td (ef) Tj ET Q q 0 0 0 rg BT 287.67 601.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 305.91 601.25 Td (on ) Tj ET Q q 0 0 0 rg BT 319.16 601.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 355.71 601.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.18 601.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.75 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.44 601.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 455.91 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.49 601.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.17 601.25 Td (change ) Tj ET Q q 0 0 0 rg BT 506.74 601.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.76 601.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 533.23 601.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 555.35 601.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 589.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.64 589.25 Td (income ) Tj ET Q q 0 0 0 rg BT 138.57 589.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.85 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.57 589.25 Td (period ) Tj ET Q q 0 0 0 rg BT 191.62 589.25 Td (that ) Tj ET Q q 0 0 0 rg BT 209.11 589.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 244.94 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.65 589.25 Td (enactment ) Tj ET Q q 0 0 0 rg BT 303.24 589.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.98 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.17 574.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.12 574.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.48 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.12 574.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.94 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 237.95 574.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 260.82 574.25 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 299.51 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.71 574.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 351.87 574.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 366.95 574.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 393.15 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.45 574.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 450.53 574.25 Td (are ) Tj ET Q q 0 0 0 rg BT 465.60 574.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 492.89 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.20 574.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 546.37 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 574.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 99.90 562.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 136.45 562.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.92 562.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 186.28 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 199.53 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.11 562.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 249.90 562.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 276.19 562.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 295.00 562.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 344.89 562.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 381.45 562.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 396.92 562.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 437.38 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 452.84 562.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.31 562.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 538.21 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 562.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.05 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.45 550.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 138.18 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.14 550.25 Td (book ) Tj ET Q q 0 0 0 rg BT 169.77 550.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 220.82 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.88 550.25 Td (are ) Tj ET Q q 0 0 0 rg BT 250.72 550.25 Td (of) Tj ET Q q 0 0 0 rg BT 258.87 550.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 274.93 550.25 Td (by ) Tj ET Q q 0 0 0 rg BT 286.56 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 301.52 550.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 336.46 550.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.30 550.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 377.76 550.25 Td (lar) Tj ET Q q 0 0 0 rg BT 388.13 550.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 406.97 550.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 450.25 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.21 550.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 492.92 550.25 Td (vacation, ) Tj ET Q q 0 0 0 rg BT 530.93 550.25 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (payables, ) Tj ET Q q 0 0 0 rg BT 90.44 538.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 124.47 538.25 Td (workers) Tj ET Q q 0 0 0 rg BT 159.27 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.22 538.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 220.72 538.25 Td (claims, ) Tj ET Q q 0 0 0 rg BT 252.27 538.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 286.31 538.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 337.02 538.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 362.47 538.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 403.75 538.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 454.47 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.86 538.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 518.12 538.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.41 526.25 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 99.03 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.22 526.25 Td (note ) Tj ET Q q 0 0 0 rg BT 130.85 526.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 139.27 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.46 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.09 526.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.05 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.44 526.25 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 309.65 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 328.61 526.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 365.34 526.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 402.64 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.39 526.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 451.11 526.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.74 526.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 493.48 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 509.11 526.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 544.17 526.25 Td (by ) Tj ET Q q 0 0 0 rg BT 557.58 526.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 90.04 514.25 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 135.89 514.25 Td (if ) Tj ET Q q 0 0 0 rg BT 144.83 514.25 Td (based ) Tj ET Q q 0 0 0 rg BT 170.42 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 183.24 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.29 514.25 Td (available ) Tj ET Q q 0 0 0 rg BT 237.20 514.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 278.06 514.25 Td (it ) Tj ET Q q 0 0 0 rg BT 286.44 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.93 514.25 Td (more ) Tj ET Q q 0 0 0 rg BT 319.30 514.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 344.90 514.25 Td (than ) Tj ET Q q 0 0 0 rg BT 364.94 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 380.55 514.25 Td (such ) Tj ET Q q 0 0 0 rg BT 401.70 514.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 427.86 514.25 Td (will ) Tj ET Q q 0 0 0 rg BT 446.24 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 461.84 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 474.10 514.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 510.87 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 529.24 514.25 Td (ultimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 93.92 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.97 502.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 139.00 502.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 152.93 502.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.99 502.25 Td (is ) Tj ET Q q 0 0 0 rg BT 186.38 502.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 229.19 502.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 250.91 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.85 502.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 308.77 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.83 502.25 Td (future ) Tj ET Q q 0 0 0 rg BT 344.42 502.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 375.02 502.25 Td (income ) Tj ET Q q 0 0 0 rg BT 406.17 502.25 Td (during ) Tj ET Q q 0 0 0 rg BT 434.00 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.94 502.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 479.10 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.60 502.25 Td (which ) Tj ET Q q 0 0 0 rg BT 514.76 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 502.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.61 490.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.34 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 104.94 490.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 142.87 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.05 490.25 Td (be ) Tj ET Q q 0 0 0 rg BT 164.88 490.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 206.69 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 217.42 490.25 Td (settled. ) Tj ET Q q 0 0 0 rg BT 248.42 490.25 Td (In ) Tj ET Q q 0 0 0 rg BT 259.15 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.76 490.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 320.59 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.65 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 341.49 490.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.09 490.25 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 426.52 490.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 474.45 490.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 530.72 490.25 Td (is ) Tj ET Q q 0 0 0 rg BT 539.79 490.25 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.27 478.25 Td (all ) Tj ET Q q 0 0 0 rg BT 72.76 478.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 106.92 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.85 478.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 160.21 478.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 198.24 478.25 Td (related ) Tj ET Q q 0 0 0 rg BT 227.93 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.20 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.91 478.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 297.60 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.43 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.13 478.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 358.93 478.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.64 478.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 401.79 478.25 Td (This ) Tj ET Q q 0 0 0 rg BT 422.06 478.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 468.99 478.25 Td (considers, ) Tj ET Q q 0 0 0 rg BT 511.75 478.25 Td (among ) Tj ET Q q 0 0 0 rg BT 541.46 478.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 83.39 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.06 466.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 126.00 466.25 Td (frequency ) Tj ET Q q 0 0 0 rg BT 167.43 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.32 466.25 Td (severity ) Tj ET Q q 0 0 0 rg BT 216.43 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.21 466.25 Td (current ) Tj ET Q q 0 0 0 rg BT 255.98 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.88 466.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 317.76 466.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 345.60 466.25 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 382.60 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.38 466.25 Td (future ) Tj ET Q q 0 0 0 rg BT 417.71 466.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 464.83 466.25 Td (, ) Tj ET Q q 0 0 0 rg BT 468.78 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.46 466.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 517.23 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.02 466.25 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 104.53 454.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 138.81 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 154.48 454.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 200.13 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 220.25 454.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 238.15 454.25 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 296.58 454.25 Td (expiring ) Tj ET Q q 0 0 0 rg BT 332.24 454.25 Td (unused, ) Tj ET Q q 0 0 0 rg BT 365.42 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.20 454.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 396.76 454.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 434.09 454.25 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 485.03 454.25 Td (If ) Tj ET Q q 0 0 0 rg BT 494.03 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 508.03 454.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 550.36 454.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.32 442.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.87 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 96.07 442.25 Td (able ) Tj ET Q q 0 0 0 rg BT 115.49 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.04 442.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 155.44 442.25 Td (all ) Tj ET Q q 0 0 0 rg BT 168.21 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.30 442.25 Td (part ) Tj ET Q q 0 0 0 rg BT 197.61 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.71 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.81 442.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 260.88 442.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 275.86 442.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 304.46 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.66 442.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 351.64 442.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 394.94 442.25 Td (would ) Tj ET Q q 0 0 0 rg BT 422.71 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 434.91 442.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 472.65 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.20 442.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 512.61 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.70 442.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 430.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.55 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.83 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.54 430.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 148.04 430.25 Td (that ) Tj ET Q q 0 0 0 rg BT 165.53 430.25 Td (is ) Tj ET Q q 0 0 0 rg BT 174.70 430.25 Td (more ) Tj ET Q q 0 0 0 rg BT 197.75 430.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 223.02 430.25 Td (than ) Tj ET Q q 0 0 0 rg BT 242.74 430.25 Td (not ) Tj ET Q q 0 0 0 rg BT 258.02 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.30 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 280.23 430.25 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 76.13 415.25 Td (on ) Tj ET Q q 0 0 0 rg BT 87.83 415.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.85 415.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 150.10 415.25 Td (with ) Tj ET Q q 0 0 0 rg BT 169.57 415.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 199.58 415.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.05 415.25 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 246.28 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.30 415.25 Td (future ) Tj ET Q q 0 0 0 rg BT 281.88 415.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 312.44 415.25 Td (income ) Tj ET Q q 0 0 0 rg BT 343.57 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.70 415.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.61 415.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 410.30 415.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 452.25 415.25 Td (among ) Tj ET Q q 0 0 0 rg BT 481.17 415.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 509.80 415.25 Td (we ) Tj ET Q q 0 0 0 rg BT 523.15 415.25 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (being ) Tj ET Q q 0 0 0 rg BT 75.19 403.25 Td (able ) Tj ET Q q 0 0 0 rg BT 94.82 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.58 403.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 142.41 403.25 Td (suf) Tj ET Q q 0 0 0 rg BT 154.45 403.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 182.97 403.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 214.82 403.25 Td (income ) Tj ET Q q 0 0 0 rg BT 247.23 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.98 403.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 285.95 403.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.25 403.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 338.53 403.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 353.72 403.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 382.31 403.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 427.20 403.25 Td (we ) Tj ET Q q 0 0 0 rg BT 441.84 403.25 Td (have ) Tj ET Q q 0 0 0 rg BT 463.69 403.25 Td (not ) Tj ET Q q 0 0 0 rg BT 479.44 403.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 517.39 403.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.81 403.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.75 391.25 Td (against ) Tj ET Q q 0 0 0 rg BT 123.29 391.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 158.81 391.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.24 391.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 201.13 391.25 Td (The ) Tj ET Q q 0 0 0 rg BT 218.89 391.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 260.00 391.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 292.21 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.76 391.25 Td (future ) Tj ET Q q 0 0 0 rg BT 328.85 391.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 359.94 391.25 Td (income ) Tj ET Q q 0 0 0 rg BT 391.59 391.25 Td (required ) Tj ET Q q 0 0 0 rg BT 427.12 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.11 391.25 Td (be ) Tj ET Q q 0 0 0 rg BT 448.77 391.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 489.84 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.84 391.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 520.94 391.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 549.80 391.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.81 379.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.52 379.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.35 379.25 Td (as ) Tj ET Q q 0 0 0 rg BT 137.18 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.01 379.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.60 379.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 229.10 379.25 Td (is ) Tj ET Q q 0 0 0 rg BT 238.27 379.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 298.53 379.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 318.53 379.25 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.70 349.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 274.13 349.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 302.37 349.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 339.13 349.25 Td (TIONS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 108.30 334.25 Td (YEAR ENDED DECEMBER31, 2016 COMP) Tj ET Q q 0 0 0 rg BT 298.71 334.25 Td (ARED T) Tj ET Q q 0 0 0 rg BT 334.36 334.25 Td (O ) Tj ET Q q 0 0 0 rg BT 343.91 334.25 Td (YEAR ENDED DECEMBER31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.18 319.25 Td (table ) Tj ET Q q 0 0 0 rg BT 88.25 319.25 Td (below ) Tj ET Q q 0 0 0 rg BT 114.33 319.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 148.73 319.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.70 319.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 203.10 319.25 Td (income ) Tj ET Q q 0 0 0 rg BT 234.17 319.25 Td (from ) Tj ET Q q 0 0 0 rg BT 255.24 319.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 299.65 319.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.94 319.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.24 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.09 319.25 Td (two ) Tj ET Q q 0 0 0 rg BT 386.72 319.25 Td (year ) Tj ET Q q 0 0 0 rg BT 405.57 319.25 Td (period ) Tj ET Q q 0 0 0 rg BT 432.75 319.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.26 319.25 Td (December ) Tj ET Q q 0 0 0 rg BT 500.98 319.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 512.62 319.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 319.25 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 289.75 m 493.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 289.75 m 562.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 289.75 m 493.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 289.75 m 562.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 243.75 m 493.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 243.75 m 562.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 228.75 m 493.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 228.75 m 562.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 138.75 m 493.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 138.75 m 562.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 123.75 m 562.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 123.75 m 493.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 109.75 m 493.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 107.75 m 493.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 123.75 m 562.5 123.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 109.75 m 562.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 107.75 m 562.5 107.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 293.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 293.48 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 263.42 Td (Electrical construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 263.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 263.42 Td (125,771,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 263.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 263.42 Td (119,616,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 248.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 248.42 Td (4,652,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 248.42 Td (954,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 233.42 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 233.42 Td (130,423,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 233.42 Td (120,571,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 218.42 Td (Costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 203.42 Td (Electrical construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 203.42 Td (93,566,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 203.42 Td (99,726,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 188.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 188.42 Td (3,242,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 188.42 Td (785,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 173.42 Td (Selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 173.42 Td (5,913,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 173.42 Td (4,747,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 158.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 158.42 Td (6,312,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 158.42 Td (6,559,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 143.42 Td (Gain on sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 143.47 Td (\(17,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 143.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 143.47 Td (\(22,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 143.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 128.42 Td (Total costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.60 128.42 Td (109,016,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 128.42 Td (111,796,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 113.42 Td (Total operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 113.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 113.42 Td (21,406,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 113.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 113.42 Td (8,775,084) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.00 94.25 Td (income ) Tj ET Q q 0 0 0 rg BT 125.45 94.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 154.01 94.25 Td (total ) Tj ET Q q 0 0 0 rg BT 174.80 94.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.58 94.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.24 94.25 Td (less ) Tj ET Q q 0 0 0 rg BT 268.25 94.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.03 94.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 332.05 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.50 94.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 388.62 94.25 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 427.73 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.08 94.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 491.51 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.97 94.25 Td (amortization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.53 82.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 99.79 82.25 Td (general ) Tj ET Q q 0 0 0 rg BT 132.31 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.85 82.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 210.15 82.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 251.85 82.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 294.93 82.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 318.02 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.56 82.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 374.75 82.25 Td (also ) Tj ET Q q 0 0 0 rg BT 393.96 82.25 Td (include ) Tj ET Q q 0 0 0 rg BT 426.48 82.25 Td (any ) Tj ET Q q 0 0 0 rg BT 444.02 82.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 468.22 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.65 82.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 506.64 82.25 Td (on ) Tj ET Q q 0 0 0 rg BT 519.73 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.04 82.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 553.69 82.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (property ) Tj ET Q q 0 0 0 rg BT 86.38 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.32 70.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 150.53 70.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 193.01 70.25 Td (income ) Tj ET Q q 0 0 0 rg BT 224.95 70.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 262.43 70.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 294.37 70.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 331.57 70.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.51 70.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 397.94 70.25 Td (other ) Tj ET Q q 0 0 0 rg BT 420.99 70.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 455.42 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.36 70.25 Td (income ) Tj ET Q q 0 0 0 rg BT 504.29 70.25 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.34 70.25 Td ( ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 727.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 73.00 727.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.23 727.25 Td (for ) Tj ET Q q 0 0 0 rg BT 121.49 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.29 727.25 Td (year ) Tj ET Q q 0 0 0 rg BT 156.09 727.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.56 727.25 Td (December ) Tj ET Q q 0 0 0 rg BT 226.24 727.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.33 727.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 266.42 727.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 306.77 727.25 Td (8.2% ) Tj ET Q q 0 0 0 rg BT 330.19 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.56 727.25 Td ($130.4 ) Tj ET Q q 0 0 0 rg BT 370.65 727.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 404.63 727.25 Td (from ) Tj ET Q q 0 0 0 rg BT 426.67 727.25 Td ($120.6 ) Tj ET Q q 0 0 0 rg BT 456.76 727.25 Td (million ) Tj ET Q q 0 0 0 rg BT 488.24 727.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.61 727.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 523.70 727.25 Td (Electrical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 100.77 715.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 143.77 715.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 176.76 715.25 Td (grew ) Tj ET Q q 0 0 0 rg BT 198.09 715.25 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 216.93 715.25 Td (million ) Tj ET Q q 0 0 0 rg BT 247.16 715.25 Td (\(5.1%\) ) Tj ET Q q 0 0 0 rg BT 275.99 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.11 715.25 Td ($125.8 ) Tj ET Q q 0 0 0 rg BT 313.95 715.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 346.68 715.25 Td (from ) Tj ET Q q 0 0 0 rg BT 367.46 715.25 Td ($1) Tj ET Q q 0 0 0 rg BT 377.09 715.25 Td (19.6 ) Tj ET Q q 0 0 0 rg BT 395.93 715.25 Td (million ) Tj ET Q q 0 0 0 rg BT 426.16 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 435.28 715.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 459.12 715.25 Td (due ) Tj ET Q q 0 0 0 rg BT 474.90 715.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 513.45 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.57 715.25 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 81.32 703.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.10 703.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 138.95 703.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 180.54 703.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 216.86 703.25 Td (of) Tj ET Q q 0 0 0 rg BT 225.01 703.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 242.44 703.25 Td (by ) Tj ET Q q 0 0 0 rg BT 255.44 703.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 281.20 703.25 Td (master ) Tj ET Q q 0 0 0 rg BT 310.85 703.25 Td (service ) Tj ET Q q 0 0 0 rg BT 342.16 703.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 386.79 703.25 Td (\(MSAs\) ) Tj ET Q q 0 0 0 rg BT 430.89 703.25 Td (volume, ) Tj ET Q q 0 0 0 rg BT 466.38 703.25 Td (due ) Tj ET Q q 0 0 0 rg BT 483.81 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.59 703.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 534.24 703.25 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (scheduling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.02 676.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.50 676.25 Td (real ) Tj ET Q q 0 0 0 rg BT 128.52 676.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 154.33 676.25 Td (development ) Tj ET Q q 0 0 0 rg BT 209.02 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 218.72 676.25 Td (included ) Tj ET Q q 0 0 0 rg BT 256.20 676.25 Td (under ) Tj ET Q q 0 0 0 rg BT 282.00 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.26 676.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 329.73 676.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 364.42 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.89 676.25 Td (was ) Tj ET Q q 0 0 0 rg BT 400.48 676.25 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 421.02 676.25 Td (million ) Tj ET Q q 0 0 0 rg BT 452.95 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.43 676.25 Td ($955,000 ) Tj ET Q q 0 0 0 rg BT 510.97 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.67 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.92 676.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.45 664.25 Td (December ) Tj ET Q q 0 0 0 rg BT 120.11 664.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.19 664.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 157.76 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.77 664.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 199.85 664.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 247.51 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 252.58 664.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 304.58 664.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 364.92 664.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 380.82 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.83 664.25 Td (1%, ) Tj ET Q q 0 0 0 rg BT 416.24 664.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 463.90 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 468.97 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.88 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.78 664.25 Td (total ) Tj ET Q q 0 0 0 rg BT 516.13 664.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 550.35 664.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.62 652.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 96.35 652.25 Td (This ) Tj ET Q q 0 0 0 rg BT 116.42 652.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 151.46 652.25 Td (was ) Tj ET Q q 0 0 0 rg BT 169.30 652.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 199.37 652.25 Td (due ) Tj ET Q q 0 0 0 rg BT 216.10 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.17 652.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 266.21 652.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.94 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.57 652.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 342.51 652.25 Td (properties. ) Tj ET Q q 0 0 0 rg BT 387.28 652.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 405.13 652.25 Td (current ) Tj ET Q q 0 0 0 rg BT 435.73 652.25 Td (real ) Tj ET Q q 0 0 0 rg BT 453.01 652.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 478.07 652.25 Td (development ) Tj ET Q q 0 0 0 rg BT 532.01 652.25 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.89 640.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 125.82 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.65 640.25 Td (single ) Tj ET Q q 0 0 0 rg BT 163.04 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.98 640.25 Td (multi-family ) Tj ET Q q 0 0 0 rg BT 233.02 640.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 277.17 640.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 311.33 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.61 640.25 Td (Brevard ) Tj ET Q q 0 0 0 rg BT 356.31 640.25 Td (County) Tj ET Q q 0 0 0 rg BT 385.11 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 390.11 640.25 Td (Florida. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.77 610.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 101.65 610.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 144.41 610.25 Td (future ) Tj ET Q q 0 0 0 rg BT 170.51 610.25 Td (services ) Tj ET Q q 0 0 0 rg BT 204.94 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.94 610.25 Td (be ) Tj ET Q q 0 0 0 rg BT 226.60 610.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 270.46 610.25 Td (under ) Tj ET Q q 0 0 0 rg BT 295.45 610.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 329.34 610.25 Td (project-specific ) Tj ET Q q 0 0 0 rg BT 393.75 610.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 439.83 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.49 610.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 509.24 610.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.56 610.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 598.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 105.54 598.25 Td (value ) Tj ET Q q 0 0 0 rg BT 129.69 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.52 598.25 Td (future ) Tj ET Q q 0 0 0 rg BT 166.90 598.25 Td (services ) Tj ET Q q 0 0 0 rg BT 201.61 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 219.10 598.25 Td (we ) Tj ET Q q 0 0 0 rg BT 233.26 598.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 261.86 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.13 598.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 305.18 598.25 Td (under ) Tj ET Q q 0 0 0 rg BT 330.45 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.28 598.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 380.44 598.25 Td (MSAs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.57 583.25 Td (table ) Tj ET Q q 0 0 0 rg BT 91.03 583.25 Td (below ) Tj ET Q q 0 0 0 rg BT 118.49 583.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 154.29 583.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.64 583.25 Td (total ) Tj ET Q q 0 0 0 rg BT 191.44 583.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 226.12 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 237.48 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.83 583.25 Td (December ) Tj ET Q q 0 0 0 rg BT 292.94 583.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.46 583.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 331.49 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.95 583.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 371.98 583.25 Td (along ) Tj ET Q q 0 0 0 rg BT 397.22 583.25 Td (with ) Tj ET Q q 0 0 0 rg BT 418.02 583.25 Td (an ) Tj ET Q q 0 0 0 rg BT 430.49 583.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 466.83 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.19 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.43 583.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 528.11 583.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.97 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.19 571.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.07 571.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 144.15 571.25 Td (within ) Tj ET Q q 0 0 0 rg BT 172.15 571.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 184.59 571.25 Td (months ) Tj ET Q q 0 0 0 rg BT 216.48 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.36 571.25 Td (during ) Tj ET Q q 0 0 0 rg BT 261.91 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.56 571.25 Td (life ) Tj ET Q q 0 0 0 rg BT 292.33 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.10 571.25 Td (each ) Tj ET Q q 0 0 0 rg BT 323.85 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.63 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.28 571.25 Td (MSAs. ) Tj ET Q q 0 0 0 rg BT 379.61 571.25 Td (The ) Tj ET Q q 0 0 0 rg BT 397.60 571.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 431.71 571.25 Td (MSAs ) Tj ET Q q 0 0 0 rg BT 459.71 571.25 Td (have ) Tj ET Q q 0 0 0 rg BT 481.03 571.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 506.80 571.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 531.46 571.25 Td (ranging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.65 559.25 Td (one ) Tj ET Q q 0 0 0 rg BT 88.31 559.25 Td (year ) Tj ET Q q 0 0 0 rg BT 107.73 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.73 559.25 Td (three ) Tj ET Q q 0 0 0 rg BT 139.93 559.25 Td (years ) Tj ET Q q 0 0 0 rg BT 163.24 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.90 559.25 Td (some ) Tj ET Q q 0 0 0 rg BT 203.22 559.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 235.98 559.25 Td (for ) Tj ET Q q 0 0 0 rg BT 249.86 559.25 Td (renewals ) Tj ET Q q 0 0 0 rg BT 287.61 559.25 Td (at ) Tj ET Q q 0 0 0 rg BT 297.04 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.48 559.25 Td (option ) Tj ET Q q 0 0 0 rg BT 339.25 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.79 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.23 559.25 Td (customer) Tj ET Q q 0 0 0 rg BT 400.33 559.25 Td (. ) Tj ET Q q 0 0 0 rg BT 404.89 559.25 Td (The ) Tj ET Q q 0 0 0 rg BT 422.65 559.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 468.73 559.25 Td (assumes ) Tj ET Q q 0 0 0 rg BT 504.28 559.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 539.25 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 559.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 84.49 547.25 Td (options ) Tj ET Q q 0 0 0 rg BT 116.78 547.25 Td (by ) Tj ET Q q 0 0 0 rg BT 129.63 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.69 547.25 Td (customer) Tj ET Q q 0 0 0 rg BT 180.79 547.25 Td (. ) Tj ET Q q 0 0 0 rg BT 186.14 547.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 223.96 547.25 Td (from ) Tj ET Q q 0 0 0 rg BT 246.25 547.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 283.53 547.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 319.13 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.30 547.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 364.79 547.25 Td (options ) Tj ET Q q 0 0 0 rg BT 397.08 547.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 440.47 547.25 Td ($1) Tj ET Q q 0 0 0 rg BT 450.10 547.25 Td (18.9 ) Tj ET Q q 0 0 0 rg BT 470.44 547.25 Td (million ) Tj ET Q q 0 0 0 rg BT 502.18 547.25 Td (\(73.0%\) ) Tj ET Q q 0 0 0 rg BT 537.51 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 547.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (total ) Tj ET Q q 0 0 0 rg BT 70.27 535.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 111.09 535.25 Td (MSA) Tj ET Q q 0 0 0 rg BT 132.22 535.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.72 535.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 168.87 535.25 Td (as ) Tj ET Q q 0 0 0 rg BT 179.70 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.53 535.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 249.12 535.25 Td (2016.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 488.75 m 324.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 488.75 m 328.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 488.75 m 403.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 488.75 m 482.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 488.75 m 486.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 488.75 m 561.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 473.75 m 245.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 473.75 m 324.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 473.75 m 403.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 473.75 m 482.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 473.75 m 561.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 473.75 m 403.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 473.75 m 482.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 473.75 m 561.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 443.75 m 324.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 429.75 m 324.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 427.75 m 324.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 443.75 m 403.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 429.75 m 403.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 427.75 m 403.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 443.75 m 482.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 429.75 m 482.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 427.75 m 482.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 443.75 m 561.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 429.75 m 561.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 427.75 m 561.5 427.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.65 508.43 Td (Backlog as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 508.43 Td (Backlog as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.65 493.43 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 493.43 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 478.43 Td (Electrical Construction Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.35 478.43 Td (12-Month) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.55 478.43 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.35 478.43 Td (12-Month) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.55 478.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 463.42 Td (Project-Specific Firm Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 463.42 Td (27,094,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 463.42 Td (27,094,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 463.42 Td (56,996,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 463.42 Td (60,195,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 448.42 Td (Estimated MSAs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 448.42 Td (70,464,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 448.42 Td (162,923,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 448.42 Td (27,724,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 448.42 Td (142,675,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 433.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 433.42 Td (97,558,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 433.42 Td (190,017,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 433.42 Td (84,720,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 433.42 Td (202,870,732) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.80 410.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 108.93 410.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 142.84 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 153.41 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.99 410.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 222.32 410.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 244.57 410.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 284.57 410.25 Td ($12.8 ) Tj ET Q q 0 0 0 rg BT 309.32 410.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 342.96 410.25 Td (due ) Tj ET Q q 0 0 0 rg BT 359.65 410.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.67 410.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 409.67 410.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 438.03 410.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.06 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.52 410.25 Td (release ) Tj ET Q q 0 0 0 rg BT 492.52 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.10 410.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 540.88 410.25 Td (MSA) Tj ET Q q 0 0 0 rg BT 562.01 410.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 86.66 398.25 Td (Project-specific ) Tj ET Q q 0 0 0 rg BT 151.90 398.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 171.62 398.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 205.78 398.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 247.69 398.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.52 398.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.46 398.25 Td (result ) Tj ET Q q 0 0 0 rg BT 290.18 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.01 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.72 398.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 363.21 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.04 398.25 Td (several ) Tj ET Q q 0 0 0 rg BT 404.86 398.25 Td (lar) Tj ET Q q 0 0 0 rg BT 415.22 398.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 427.16 398.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 473.53 398.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 512.12 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.40 398.25 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.64 383.25 Td (total ) Tj ET Q q 0 0 0 rg BT 87.50 383.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 121.24 383.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.66 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.07 383.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.24 383.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 224.83 383.25 Td (was ) Tj ET Q q 0 0 0 rg BT 242.47 383.25 Td ($190.0 ) Tj ET Q q 0 0 0 rg BT 272.05 383.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 305.53 383.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 347.04 383.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.91 383.25 Td ($202.9 ) Tj ET Q q 0 0 0 rg BT 386.49 383.25 Td (million ) Tj ET Q q 0 0 0 rg BT 417.47 383.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.89 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.30 383.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 496.48 383.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 521.06 383.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.59 383.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 371.25 Td (6.3%. ) Tj ET Q q 0 0 0 rg BT 86.03 371.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.85 371.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 140.53 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.58 371.25 Td (total ) Tj ET Q q 0 0 0 rg BT 170.62 371.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 204.54 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 213.48 371.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 252.96 371.25 Td (due ) Tj ET Q q 0 0 0 rg BT 269.67 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.71 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.20 371.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 359.21 371.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 406.47 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.07 371.25 Td (several ) Tj ET Q q 0 0 0 rg BT 447.65 371.25 Td (lar) Tj ET Q q 0 0 0 rg BT 458.02 371.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 469.73 371.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 515.86 371.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.22 371.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 63.05 344.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.88 344.25 Td (total ) Tj ET Q q 0 0 0 rg BT 99.16 344.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 133.31 344.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.14 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.97 344.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 213.55 344.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 238.55 344.25 Td (we ) Tj ET Q q 0 0 0 rg BT 252.71 344.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 281.31 344.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 341.57 344.25 Td ($97.6 ) Tj ET Q q 0 0 0 rg BT 366.57 344.25 Td (million ) Tj ET Q q 0 0 0 rg BT 397.96 344.25 Td (\(51.3%\) ) Tj ET Q q 0 0 0 rg BT 432.95 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.23 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 455.17 344.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 499.32 344.25 Td (during ) Tj ET Q q 0 0 0 rg BT 527.92 344.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (Backlog ) Tj ET Q q 0 0 0 rg BT 86.06 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.47 329.25 Td (only ) Tj ET Q q 0 0 0 rg BT 115.98 329.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 157.04 329.25 Td (at ) Tj ET Q q 0 0 0 rg BT 166.99 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.17 329.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 215.22 329.25 Td (point ) Tj ET Q q 0 0 0 rg BT 238.51 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.03 329.25 Td (time ) Tj ET Q q 0 0 0 rg BT 269.54 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.71 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.12 329.25 Td (not ) Tj ET Q q 0 0 0 rg BT 311.63 329.25 Td (determinative ) Tj ET Q q 0 0 0 rg BT 369.35 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.41 329.25 Td (total ) Tj ET Q q 0 0 0 rg BT 400.92 329.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 435.31 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.82 329.25 Td (any ) Tj ET Q q 0 0 0 rg BT 463.00 329.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 504.04 329.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 534.83 329.25 Td (It ) Tj ET Q q 0 0 0 rg BT 543.67 329.25 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.69 317.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 92.13 317.25 Td (future ) Tj ET Q q 0 0 0 rg BT 117.92 317.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 151.48 317.25 Td (from ) Tj ET Q q 0 0 0 rg BT 172.82 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.17 317.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 223.30 317.25 Td (number ) Tj ET Q q 0 0 0 rg BT 255.75 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.99 317.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 309.56 317.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 343.13 317.25 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 389.46 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.81 317.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 449.37 317.25 Td (between ) Tj ET Q q 0 0 0 rg BT 484.60 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.72 317.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 538.96 317.25 Td (dates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.05 305.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 107.19 305.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 159.12 305.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 193.27 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.54 305.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 226.04 305.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 265.74 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 281.57 305.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 322.95 305.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 357.11 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 367.94 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.77 305.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.35 305.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 459.85 305.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.35 305.25 Td (48.5%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.44 290.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 107.66 290.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 139.55 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.78 290.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 183.33 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.88 290.25 Td (work ) Tj ET Q q 0 0 0 rg BT 219.33 290.25 Td (under ) Tj ET Q q 0 0 0 rg BT 244.00 290.25 Td (MSAs ) Tj ET Q q 0 0 0 rg BT 271.46 290.25 Td (is ) Tj ET Q q 0 0 0 rg BT 280.02 290.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 322.45 290.25 Td (by ) Tj ET Q q 0 0 0 rg BT 334.34 290.25 Td (using ) Tj ET Q q 0 0 0 rg BT 357.91 290.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 396.45 290.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 435.56 290.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 461.89 290.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 496.55 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.23 290.25 Td (current ) Tj ET Q q 0 0 0 rg BT 536.44 290.25 Td (MSAs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.87 278.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 104.51 278.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 142.60 278.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 166.81 278.25 Td (based ) Tj ET Q q 0 0 0 rg BT 191.01 278.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 212.45 278.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 246.66 278.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 314.19 278.25 Td (with ) Tj ET Q q 0 0 0 rg BT 333.41 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.06 278.25 Td (customer) Tj ET Q q 0 0 0 rg BT 383.16 278.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.10 278.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 404.09 278.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 443.84 278.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 476.93 278.25 Td (also ) Tj ET Q q 0 0 0 rg BT 494.48 278.25 Td (assumes ) Tj ET Q q 0 0 0 rg BT 529.24 278.25 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.44 266.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 96.21 266.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 135.98 266.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 170.73 266.25 Td (options. ) Tj ET Q q 0 0 0 rg BT 205.79 266.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 238.33 266.25 Td (MSAs ) Tj ET Q q 0 0 0 rg BT 267.01 266.25 Td (are ) Tj ET Q q 0 0 0 rg BT 282.33 266.25 Td (not ) Tj ET Q q 0 0 0 rg BT 298.21 266.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 339.09 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.97 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.30 266.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.30 266.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 427.34 266.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 469.04 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.36 266.25 Td (size ) Tj ET Q q 0 0 0 rg BT 503.02 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.57 266.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.67 266.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.79 254.25 Td (we ) Tj ET Q q 0 0 0 rg BT 97.58 254.25 Td (may ) Tj ET Q q 0 0 0 rg BT 116.93 254.25 Td (be ) Tj ET Q q 0 0 0 rg BT 128.51 254.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 164.51 254.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 193.30 254.25 Td (be ) Tj ET Q q 0 0 0 rg BT 204.87 254.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 251.98 254.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.89 254.25 Td (certainty) Tj ET Q q 0 0 0 rg BT 306.23 254.25 Td (. ) Tj ET Q q 0 0 0 rg BT 310.39 254.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 359.72 254.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.36 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.71 254.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 410.84 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.30 254.25 Td (future ) Tj ET Q q 0 0 0 rg BT 447.31 254.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 481.09 254.25 Td (from ) Tj ET Q q 0 0 0 rg BT 502.66 254.25 Td (MSA) Tj ET Q q 0 0 0 rg BT 523.79 254.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.92 254.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.82 242.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 90.18 242.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 143.33 242.25 Td (from ) Tj ET Q q 0 0 0 rg BT 165.37 242.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 201.29 242.25 Td (backlog. ) Tj ET Q q 0 0 0 rg BT 238.04 242.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 261.19 242.25 Td (if ) Tj ET Q q 0 0 0 rg BT 269.89 242.25 Td (we ) Tj ET Q q 0 0 0 rg BT 284.15 242.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 313.39 242.25 Td (all ) Tj ET Q q 0 0 0 rg BT 325.99 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.92 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.73 242.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 385.98 242.25 Td (from ) Tj ET Q q 0 0 0 rg BT 408.02 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.83 242.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 457.09 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.46 242.25 Td (our ) Tj ET Q q 0 0 0 rg BT 483.39 242.25 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 520.15 242.25 Td (there ) Tj ET Q q 0 0 0 rg BT 542.73 242.25 Td (is ) Tj ET Q q 0 0 0 rg BT 552.00 242.25 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 91.36 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.19 230.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 126.91 230.25 Td (from ) Tj ET Q q 0 0 0 rg BT 148.85 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.56 230.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 197.72 230.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 234.09 230.25 Td (under ) Tj ET Q q 0 0 0 rg BT 259.36 230.25 Td (MSAs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.19 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.59 215.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.75 215.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 153.83 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.34 215.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 194.92 215.25 Td (MSAs ) Tj ET Q q 0 0 0 rg BT 222.56 215.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 265.17 215.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.90 215.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 338.74 215.25 Td (85.7% ) Tj ET Q q 0 0 0 rg BT 366.64 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.15 215.25 Td (70.3% ) Tj ET Q q 0 0 0 rg BT 411.06 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.46 215.25 Td (total ) Tj ET Q q 0 0 0 rg BT 441.31 215.25 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 477.54 215.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 525.21 215.25 Td (. ) Tj ET Q q 0 0 0 rg BT 529.63 215.25 Td (W) Tj ET Q q 0 0 0 rg BT 538.27 215.25 Td (e ) Tj ET Q q 0 0 0 rg BT 544.78 215.25 Td (plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.64 203.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 97.94 203.25 Td (our ) Tj ET Q q 0 0 0 rg BT 114.13 203.25 Td (ef) Tj ET Q q 0 0 0 rg BT 121.72 203.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 142.92 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.56 203.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 176.97 203.25 Td (MSA) Tj ET Q q 0 0 0 rg BT 198.10 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.96 203.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 240.21 203.25 Td (MSA) Tj ET Q q 0 0 0 rg BT 261.34 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.20 203.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 303.16 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 318.23 203.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 358.30 203.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 402.81 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.11 203.25 Td (should ) Tj ET Q q 0 0 0 rg BT 449.65 203.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 483.06 203.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 524.25 203.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 191.25 Td (ficiencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (Backlog ) Tj ET Q q 0 0 0 rg BT 85.56 176.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.46 176.25 Td (not ) Tj ET Q q 0 0 0 rg BT 109.48 176.25 Td (a ) Tj ET Q q 0 0 0 rg BT 116.15 176.25 Td (term ) Tj ET Q q 0 0 0 rg BT 136.71 176.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 182.80 176.25 Td (under ) Tj ET Q q 0 0 0 rg BT 207.81 176.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 227.82 176.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 267.26 176.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 304.46 176.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 350.57 176.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 394.74 176.25 Td (but ) Tj ET Q q 0 0 0 rg BT 409.75 176.25 Td (is ) Tj ET Q q 0 0 0 rg BT 418.65 176.25 Td (a ) Tj ET Q q 0 0 0 rg BT 425.32 176.25 Td (common ) Tj ET Q q 0 0 0 rg BT 462.55 176.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 518.10 176.25 Td (used ) Tj ET Q q 0 0 0 rg BT 538.66 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.67 176.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (industry) Tj ET Q q 0 0 0 rg BT 82.13 164.25 Td (. ) Tj ET Q q 0 0 0 rg BT 86.93 164.25 Td (While ) Tj ET Q q 0 0 0 rg BT 113.84 164.25 Td (we ) Tj ET Q q 0 0 0 rg BT 127.98 164.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 159.34 164.25 Td (that ) Tj ET Q q 0 0 0 rg BT 176.81 164.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.62 164.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 247.88 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.69 164.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 305.04 164.25 Td (is ) Tj ET Q q 0 0 0 rg BT 314.19 164.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 364.70 164.25 Td (such ) Tj ET Q q 0 0 0 rg BT 385.51 164.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 440.76 164.25 Td (may ) Tj ET Q q 0 0 0 rg BT 460.46 164.25 Td (not ) Tj ET Q q 0 0 0 rg BT 475.72 164.25 Td (be ) Tj ET Q q 0 0 0 rg BT 487.64 164.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 536.76 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.02 164.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 92.09 152.25 Td (by ) Tj ET Q q 0 0 0 rg BT 104.75 152.25 Td (some ) Tj ET Q q 0 0 0 rg BT 128.51 152.25 Td (other ) Tj ET Q q 0 0 0 rg BT 151.71 152.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 199.63 152.25 Td (Given ) Tj ET Q q 0 0 0 rg BT 226.73 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.60 152.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 277.58 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.57 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.56 152.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 343.31 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.40 152.25 Td (MSAs ) Tj ET Q q 0 0 0 rg BT 388.62 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.72 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.70 152.25 Td (method ) Tj ET Q q 0 0 0 rg BT 454.36 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.34 152.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 511.87 152.25 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 548.68 152.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 83.85 140.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.26 140.25 Td (any ) Tj ET Q q 0 0 0 rg BT 109.90 140.25 Td (point ) Tj ET Q q 0 0 0 rg BT 132.65 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.63 140.25 Td (time ) Tj ET Q q 0 0 0 rg BT 162.60 140.25 Td (may ) Tj ET Q q 0 0 0 rg BT 182.01 140.25 Td (not ) Tj ET Q q 0 0 0 rg BT 196.98 140.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 240.26 140.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 279.10 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.51 140.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.36 140.25 Td (that ) Tj ET Q q 0 0 0 rg BT 344.55 140.25 Td (we ) Tj ET Q q 0 0 0 rg BT 358.40 140.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 386.69 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.67 140.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 425.51 140.25 Td (during ) Tj ET Q q 0 0 0 rg BT 453.81 140.25 Td (any ) Tj ET Q q 0 0 0 rg BT 470.45 140.25 Td (period ) Tj ET Q q 0 0 0 rg BT 498.19 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.82 140.25 Td (our ) Tj ET Q q 0 0 0 rg BT 530.35 140.25 Td (backlog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.98 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.96 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.82 128.25 Td (end ) Tj ET Q q 0 0 0 rg BT 103.91 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.89 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.75 128.25 Td (year ) Tj ET Q q 0 0 0 rg BT 149.60 128.25 Td (may ) Tj ET Q q 0 0 0 rg BT 169.47 128.25 Td (not ) Tj ET Q q 0 0 0 rg BT 184.90 128.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.98 128.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 239.06 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.04 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.90 128.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 299.20 128.25 Td (we ) Tj ET Q q 0 0 0 rg BT 313.50 128.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 342.25 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.67 128.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 372.53 128.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.95 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.82 128.25 Td (following ) Tj ET Q q 0 0 0 rg BT 439.35 128.25 Td (year ) Tj ET Q q 0 0 0 rg BT 459.21 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.29 128.25 Td (should ) Tj ET Q q 0 0 0 rg BT 505.61 128.25 Td (not ) Tj ET Q q 0 0 0 rg BT 521.04 128.25 Td (be ) Tj ET Q q 0 0 0 rg BT 533.12 128.25 Td (viewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.31 116.25 Td (relied ) Tj ET Q q 0 0 0 rg BT 87.04 116.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 110.02 116.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.32 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.74 116.25 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 177.81 116.25 Td (indicator) Tj ET Q q 0 0 0 rg BT 212.80 116.25 Td (. ) Tj ET Q q 0 0 0 rg BT 218.27 116.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 272.62 116.25 Td (, ) Tj ET Q q 0 0 0 rg BT 278.09 116.25 Td (we ) Tj ET Q q 0 0 0 rg BT 292.73 116.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 322.36 116.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 355.88 116.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 397.72 116.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.03 116.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.78 116.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.09 116.25 Td (customers) Tj ET Q q 0 0 0 rg BT 479.22 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.20 116.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 537.37 116.25 Td (or ) Tj ET Q q 0 0 0 rg BT 548.68 116.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.71 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.54 104.25 Td (backlog.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.45 89.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 127.13 89.25 Td (included ) Tj ET Q q 0 0 0 rg BT 164.03 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.28 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 190.08 89.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 224.20 89.25 Td (may ) Tj ET Q q 0 0 0 rg BT 243.88 89.25 Td (be ) Tj ET Q q 0 0 0 rg BT 255.79 89.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.58 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.83 89.25 Td (change ) Tj ET Q q 0 0 0 rg BT 327.61 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 338.41 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.31 89.25 Td (result ) Tj ET Q q 0 0 0 rg BT 370.00 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.79 89.25 Td (project ) Tj ET Q q 0 0 0 rg BT 411.02 89.25 Td (accelerations, ) Tj ET Q q 0 0 0 rg BT 468.18 89.25 Td (additions, ) Tj ET Q q 0 0 0 rg BT 509.81 89.25 Td (cancellations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.62 77.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 90.46 77.25 Td (due ) Tj ET Q q 0 0 0 rg BT 108.20 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.27 77.25 Td (various ) Tj ET Q q 0 0 0 rg BT 152.00 77.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 185.00 77.25 Td (including ) Tj ET Q q 0 0 0 rg BT 226.07 77.25 Td (but ) Tj ET Q q 0 0 0 rg BT 242.14 77.25 Td (not ) Tj ET Q q 0 0 0 rg BT 258.21 77.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 289.83 77.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 303.68 77.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 354.17 77.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 383.86 77.25 Td (material ) Tj ET Q q 0 0 0 rg BT 419.91 77.25 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 473.45 77.25 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 520.91 77.25 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.30 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.83 65.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 153.47 65.25 Td (weather) Tj ET Q q 0 0 0 rg BT 184.56 65.25 Td (. ) Tj ET Q q 0 0 0 rg BT 189.16 65.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 206.80 65.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 249.45 65.25 Td (are ) Tj ET Q q 0 0 0 rg BT 263.75 65.25 Td (not ) Tj ET Q q 0 0 0 rg BT 278.63 65.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 332.92 65.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 377.78 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.66 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 394.19 65.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 427.38 65.25 Td (level ) Tj ET Q q 0 0 0 rg BT 448.91 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.34 65.25 Td (services ) Tj ET Q q 0 0 0 rg BT 493.64 65.25 Td (under ) Tj ET Q q 0 0 0 rg BT 518.51 65.25 Td (our ) Tj ET Q q 0 0 0 rg BT 533.93 65.25 Td (MSAs. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (While ) Tj ET Q q 0 0 0 rg BT 76.80 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.83 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 105.97 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.12 742.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 166.79 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.59 742.10 Td (material ) Tj ET Q q 0 0 0 rg BT 218.72 742.10 Td (cancellations ) Tj ET Q q 0 0 0 rg BT 273.28 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 301.76 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.34 742.10 Td (current ) Tj ET Q q 0 0 0 rg BT 347.03 742.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 377.44 742.10 Td (most ) Tj ET Q q 0 0 0 rg BT 399.25 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.95 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.65 742.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 464.11 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 483.69 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.50 742.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 543.13 742.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 72.77 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.48 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 102.75 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.03 730.10 Td (default ) Tj ET Q q 0 0 0 rg BT 143.30 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 168.56 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.28 730.10 Td (contract. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 715.10 Td (Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 700.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.40 700.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.16 700.10 Td (income ) Tj ET Q q 0 0 0 rg BT 143.59 700.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 183.34 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.12 700.10 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 217.62 700.10 Td (million ) Tj ET Q q 0 0 0 rg BT 248.51 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.16 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.38 700.10 Td (year ) Tj ET Q q 0 0 0 rg BT 295.58 700.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 321.46 700.10 Td (December ) Tj ET Q q 0 0 0 rg BT 364.54 700.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.03 700.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 403.53 700.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.97 700.10 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 444.46 700.10 Td (million ) Tj ET Q q 0 0 0 rg BT 475.35 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.13 700.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 509.48 700.10 Td (This ) Tj ET Q q 0 0 0 rg BT 529.25 700.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.37 688.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 96.96 688.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 144.31 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.90 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.93 688.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.50 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.10 688.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 250.55 688.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 301.80 688.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 335.26 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.51 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.11 688.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 399.56 688.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 450.81 688.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 494.28 688.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 533.86 688.10 Td (mar) Tj ET Q q 0 0 0 rg BT 549.22 688.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.62 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.34 676.10 Td (result ) Tj ET Q q 0 0 0 rg BT 91.85 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.47 676.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 149.74 676.10 Td (several ) Tj ET Q q 0 0 0 rg BT 180.35 676.10 Td (lar) Tj ET Q q 0 0 0 rg BT 190.71 676.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 202.44 676.10 Td (profitable ) Tj ET Q q 0 0 0 rg BT 243.60 676.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 279.54 676.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 300.72 676.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 351.89 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.95 676.10 Td (this ) Tj ET Q q 0 0 0 rg BT 378.69 676.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 413.73 676.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.44 676.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 476.06 676.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 516.11 676.10 Td (ef) Tj ET Q q 0 0 0 rg BT 523.70 676.10 Td (ficiencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.20 664.10 Td (an ) Tj ET Q q 0 0 0 rg BT 79.40 664.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 109.92 664.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 145.44 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.97 664.10 Td (Other) Tj ET Q q 0 0 0 rg BT 182.63 664.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.13 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.44 664.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 233.20 664.10 Td (results ) Tj ET Q q 0 0 0 rg BT 262.06 664.10 Td (included ) Tj ET Q q 0 0 0 rg BT 299.26 664.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.78 664.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 366.43 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.43 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 393.84 664.10 Td (exas ) Tj ET Q q 0 0 0 rg BT 414.37 664.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 448.79 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 475.99 664.10 Td (were ) Tj ET Q q 0 0 0 rg BT 498.18 664.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.71 664.10 Td (experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 652.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 90.11 637.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 141.36 637.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.82 637.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.39 637.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.64 637.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 265.21 637.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 310.40 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.21 637.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.00 637.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 387.45 637.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 427.02 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.60 637.10 Td ($24.8 ) Tj ET Q q 0 0 0 rg BT 460.91 637.10 Td (million ) Tj ET Q q 0 0 0 rg BT 491.61 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.08 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.11 637.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.13 637.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.81 625.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 109.04 625.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 134.26 625.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.43 625.10 Td ($13.2 ) Tj ET Q q 0 0 0 rg BT 181.65 625.10 Td (million ) Tj ET Q q 0 0 0 rg BT 213.27 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.77 625.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 248.80 625.10 Td (This ) Tj ET Q q 0 0 0 rg BT 269.31 625.10 Td (was ) Tj ET Q q 0 0 0 rg BT 287.59 625.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 318.09 625.10 Td (due ) Tj ET Q q 0 0 0 rg BT 335.25 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.75 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.70 625.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 426.17 625.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 461.65 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.16 625.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 506.53 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.69 625.10 Td (improved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.17 613.10 Td (mar) Tj ET Q q 0 0 0 rg BT 105.54 613.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 127.11 613.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 166.73 613.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 214.67 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.86 613.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 265.59 613.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.52 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.92 613.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 364.99 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.00 613.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.41 613.10 Td (exas ) Tj ET Q q 0 0 0 rg BT 400.58 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.43 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.05 613.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 475.55 613.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 522.95 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.69 613.10 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 601.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 71.84 601.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 117.74 601.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 158.37 601.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 193.72 601.10 Td (of) Tj ET Q q 0 0 0 rg BT 201.87 601.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 218.34 601.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.38 601.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 270.17 601.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 308.84 601.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 360.31 601.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 382.34 601.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 424.37 601.10 Td (with ) Tj ET Q q 0 0 0 rg BT 444.19 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.44 601.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 486.02 601.10 Td (level ) Tj ET Q q 0 0 0 rg BT 507.49 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.86 601.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.30 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.93 589.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 96.83 589.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 135.65 589.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 187.28 589.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.12 589.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 271.07 589.10 Td (mar) Tj ET Q q 0 0 0 rg BT 286.44 589.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 305.29 589.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 315.25 589.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 360.43 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.62 589.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.79 589.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 438.62 589.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 478.56 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.53 589.10 Td (19.7% ) Tj ET Q q 0 0 0 rg BT 516.55 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.40 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.80 589.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 577.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.96 577.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.96 577.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.96 577.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.90 577.10 Td (1) Tj ET Q q 0 0 0 rg BT 186.53 577.10 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 209.86 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.14 577.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 245.14 577.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.85 562.10 Td (table ) Tj ET Q q 0 0 0 rg BT 91.58 562.10 Td (below ) Tj ET Q q 0 0 0 rg BT 119.31 562.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 157.05 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.79 562.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 223.06 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.69 562.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 247.43 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.06 562.10 Td (total ) Tj ET Q q 0 0 0 rg BT 285.13 562.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 326.19 562.10 Td (income ) Tj ET Q q 0 0 0 rg BT 358.92 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.00 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.63 562.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 426.56 562.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 479.29 562.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.25 562.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.28 550.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 90.90 550.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 136.08 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.93 550.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.76 550.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 213.25 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.54 550.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 243.61 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.78 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 298.40 550.10 Td (mar) Tj ET Q q 0 0 0 rg BT 313.76 550.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 332.28 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.91 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.08 550.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 395.57 550.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 446.85 550.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.35 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.97 550.10 Td (mar) Tj ET Q q 0 0 0 rg BT 545.33 550.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 60.27 538.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 105.45 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.95 538.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.43 538.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 184.58 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.74 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.46 538.10 Td (years ) Tj ET Q q 0 0 0 rg BT 237.06 538.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 263.43 538.10 Td (December ) Tj ET Q q 0 0 0 rg BT 307.02 538.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 322.02 538.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 344.52 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.46 538.10 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 507.6 m 423.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 507.6 m 492.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 507.6 m 561.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 507.6 m 492.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 507.6 m 561.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 407.6 m 492.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 407.6 m 492.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 393.6 m 492.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 391.6 m 492.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.6 m 561.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 393.6 m 561.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 391.6 m 561.5 391.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 512.28 Td (Electrical Construction Operations Operating Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 512.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 512.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.27 Td (Total operating income \(GAAP as reported\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 497.27 Td (21,406,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 497.27 Td (8,775,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.27 Td (Total operating income \(GAAP as reported\) as a percentage of total revenue \($130,423,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 472.27 Td (and $120,571,171 for the years ended December 31, 2016 and 2015, respectively\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 472.27 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 472.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 472.27 Td (7.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 472.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 457.27 Td (Other operations gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 457.32 Td (\(1,409,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 457.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.80 457.32 Td (\(169,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 457.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 442.27 Td (Non-electrical construction selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 442.27 Td (4,647,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 442.27 Td (4,443,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 427.27 Td (Non-electrical construction depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 427.27 Td (132,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 427.27 Td (134,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 412.27 Td (Non-electrical construction loss on sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 412.27 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 412.27 Td (113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.27 Td (Electrical construction operations operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 397.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 397.27 Td (24,777,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 397.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 397.27 Td (13,183,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 382.27 Td (Electrical construction operations operating income as a percentage of electrical) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 372.27 Td (construction revenue \($125,771,361 and $119,616,561 for the years ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 362.27 Td (2016 and 2015, respectively\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 362.27 Td (19.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 362.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 362.27 Td (11.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 362.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 90.14 343.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 141.41 343.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.91 343.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.51 343.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.78 343.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 265.38 343.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 310.57 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.41 343.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.23 343.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 387.71 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 396.22 343.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 428.04 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.21 343.10 Td (total ) Tj ET Q q 0 0 0 rg BT 457.82 343.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 497.42 343.10 Td (income ) Tj ET Q q 0 0 0 rg BT 528.69 343.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.89 331.10 Td (non-electrical ) Tj ET Q q 0 0 0 rg BT 123.08 331.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 175.75 331.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 208.97 331.10 Td (within ) Tj ET Q q 0 0 0 rg BT 237.75 331.10 Td (total ) Tj ET Q q 0 0 0 rg BT 258.75 331.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 299.75 331.10 Td (income ) Tj ET Q q 0 0 0 rg BT 332.41 331.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 376.19 331.10 Td (other ) Tj ET Q q 0 0 0 rg BT 399.97 331.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 444.85 331.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 469.19 331.10 Td (\(mar) Tj ET Q q 0 0 0 rg BT 487.89 331.10 Td (gin\) ) Tj ET Q q 0 0 0 rg BT 507.23 331.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 526.02 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 331.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 88.91 319.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 140.61 319.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 172.04 319.10 Td (general ) Tj ET Q q 0 0 0 rg BT 203.74 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.44 319.10 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 282.42 319.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 334.11 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.82 319.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 406.12 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.83 319.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 442.32 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.92 319.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 470.75 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 483.02 319.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 500.83 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.43 319.10 Td (property ) Tj ET Q q 0 0 0 rg BT 547.58 319.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 98.33 307.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 140.26 307.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 193.32 307.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 238.60 307.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.99 307.10 Td (income ) Tj ET Q q 0 0 0 rg BT 313.04 307.10 Td (does ) Tj ET Q q 0 0 0 rg BT 335.00 307.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.40 307.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 384.46 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.86 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.92 307.10 Td (an ) Tj ET Q q 0 0 0 rg BT 421.98 307.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 467.80 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.20 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.04 307.10 Td (Company) Tj ET Q q 0 0 0 rg BT 536.71 307.10 Td (s ) Tj ET Q q 0 0 0 rg BT 544.22 307.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.18 295.10 Td (income ) Tj ET Q q 0 0 0 rg BT 122.03 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.78 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.63 295.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 175.37 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.11 295.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 232.69 295.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 268.42 295.10 Td (not ) Tj ET Q q 0 0 0 rg BT 283.61 295.10 Td (all ) Tj ET Q q 0 0 0 rg BT 296.03 295.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 341.21 295.10 Td (use ) Tj ET Q q 0 0 0 rg BT 356.95 295.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 393.80 295.10 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 446.47 295.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.34 295.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 514.63 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.38 295.10 Td (electrical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 101.10 283.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 144.43 283.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 183.86 283.10 Td (income ) Tj ET Q q 0 0 0 rg BT 214.97 283.10 Td (may ) Tj ET Q q 0 0 0 rg BT 233.85 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 248.30 283.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.41 283.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 307.72 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.17 283.10 Td (other ) Tj ET Q q 0 0 0 rg BT 339.38 283.10 Td (similarly-titled ) Tj ET Q q 0 0 0 rg BT 400.49 283.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 439.37 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.37 283.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.58 283.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 518.40 283.10 Td (W) Tj ET Q q 0 0 0 rg BT 527.03 283.10 Td (e ) Tj ET Q q 0 0 0 rg BT 533.14 283.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 90.67 271.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 122.99 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.99 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.76 271.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 217.19 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.08 271.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 271.28 271.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 325.27 271.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 371.49 271.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 413.81 271.10 Td (income ) Tj ET Q q 0 0 0 rg BT 447.80 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.14 271.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 506.35 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.24 271.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.71 259.10 Td (because ) Tj ET Q q 0 0 0 rg BT 136.55 259.10 Td (it ) Tj ET Q q 0 0 0 rg BT 144.29 259.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 180.92 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.44 259.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 234.74 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 254.70 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 266.33 259.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 308.51 259.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 326.25 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.22 259.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 372.83 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.35 259.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 428.31 259.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 481.02 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 493.21 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.83 259.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 542.02 259.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.19 247.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 104.71 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.12 247.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 150.52 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.05 247.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.44 247.10 Td (items ) Tj ET Q q 0 0 0 rg BT 217.30 247.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.49 247.10 Td (management ) Tj ET Q q 0 0 0 rg BT 289.77 247.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 325.72 247.10 Td (do ) Tj ET Q q 0 0 0 rg BT 338.92 247.10 Td (not ) Tj ET Q q 0 0 0 rg BT 354.89 247.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 388.62 247.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 417.34 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.87 247.10 Td (core ) Tj ET Q q 0 0 0 rg BT 454.27 247.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.11 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.75 247.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.61 247.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 554.24 247.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 95.26 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.09 235.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.36 235.10 Td (results ) Tj ET Q q 0 0 0 rg BT 179.97 235.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.24 235.10 Td (those ) Tj ET Q q 0 0 0 rg BT 223.85 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.68 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.51 235.10 Td (competitors. ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.60 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 91.10 742.10 Td (below ) Tj ET Q q 0 0 0 rg BT 118.59 742.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 156.09 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.59 742.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 221.62 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.01 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.40 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 264.67 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 297.16 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.00 742.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 344.11 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.17 742.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 357.99 742.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 403.18 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.24 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 444.27 742.10 Td (measure\) ) Tj ET Q q 0 0 0 rg BT 483.98 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.70 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.97 742.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 742.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.58 730.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.58 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 131.08 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.02 730.10 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 698.6 m 423.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 698.6 m 492.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 698.6 m 561.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 698.6 m 423.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 638.6 m 492.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 624.6 m 492.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 622.6 m 492.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 638.6 m 561.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 624.6 m 561.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 622.6 m 561.5 622.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 703.28 Td (EBITDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 703.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 703.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 688.27 Td (Net income \(GAAP as reported\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 688.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 688.27 Td (12,999,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 688.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 688.27 Td (4,493,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 673.27 Td (Interest expense, net of amount capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 673.27 Td (591,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 673.27 Td (667,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 658.27 Td (Provision for income taxes, net ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 191.20 662.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 658.27 Td (7,743,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 658.27 Td (3,177,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 643.27 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 185.62 647.80 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 643.27 Td (6,312,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 643.27 Td (6,559,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 628.27 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 628.27 Td (27,646,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 628.27 Td (14,897,425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 613.28 Td (___________) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 52.00 594.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.20 590.22 Td (Provision for income tax, net is equal to the total amount of tax provision, which includes the tax benefit for discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.22 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 52.00 568.75 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.58 568.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.20 564.22 Td (Depreciation and amortization includes depreciation on property) Tj ET Q q 0 0 0 rg BT 318.79 564.22 Td (, plant and equipment and amortization of finite-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 554.22 Td (intangible assets.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 92.25 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.78 526.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 144.97 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.06 526.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 201.67 526.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 238.08 526.10 Td (used ) Tj ET Q q 0 0 0 rg BT 259.50 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.59 526.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 329.27 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 339.03 526.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 372.10 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.53 526.10 Td (net ) Tj ET Q q 0 0 0 rg BT 398.83 526.10 Td (income ) Tj ET Q q 0 0 0 rg BT 431.36 526.10 Td (plus: ) Tj ET Q q 0 0 0 rg BT 453.90 526.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 486.42 526.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 524.22 526.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 87.99 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.21 514.10 Td (income ) Tj ET Q q 0 0 0 rg BT 136.21 514.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 160.32 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.33 514.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 231.31 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.31 514.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 305.91 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.81 514.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 347.49 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.83 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.61 514.10 Td (table ) Tj ET Q q 0 0 0 rg BT 397.61 514.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 427.55 514.10 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 470.27 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.28 514.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 523.46 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.03 514.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (measure, ) Tj ET Q q 0 0 0 rg BT 88.13 502.10 Td (does ) Tj ET Q q 0 0 0 rg BT 108.76 502.10 Td (not ) Tj ET Q q 0 0 0 rg BT 123.85 502.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 155.60 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.69 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 177.44 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 189.18 502.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 233.69 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.78 502.10 Td (net ) Tj ET Q q 0 0 0 rg BT 258.31 502.10 Td (income ) Tj ET Q q 0 0 0 rg BT 290.05 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.69 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.44 502.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 343.06 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.70 502.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.77 502.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 446.61 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.25 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.33 502.10 Td (net ) Tj ET Q q 0 0 0 rg BT 481.86 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 501.94 502.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 526.47 502.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.85 490.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.47 490.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 139.42 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.60 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.90 490.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 191.06 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 490.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 234.49 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.84 490.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 274.01 490.10 Td (not ) Tj ET Q q 0 0 0 rg BT 288.64 490.10 Td (all ) Tj ET Q q 0 0 0 rg BT 300.49 490.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 345.11 490.10 Td (use ) Tj ET Q q 0 0 0 rg BT 360.29 490.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 396.57 490.10 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 448.68 490.10 Td (this ) Tj ET Q q 0 0 0 rg BT 464.99 490.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 515.71 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 490.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 478.10 Td (not ) Tj ET Q q 0 0 0 rg BT 85.00 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.95 478.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 146.09 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.38 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.43 478.10 Td (similarly-titled ) Tj ET Q q 0 0 0 rg BT 241.37 478.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 281.08 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.91 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.97 478.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 362.55 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.19 478.10 Td (e ) Tj ET Q q 0 0 0 rg BT 378.13 478.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 396.47 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.41 478.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.58 478.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 458.95 478.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 497.57 478.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 527.84 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 478.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 100.98 466.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 113.92 466.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 150.03 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.14 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.03 466.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 205.79 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.23 466.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.10 466.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.73 466.10 Td (because ) Tj ET Q q 0 0 0 rg BT 347.49 466.10 Td (it ) Tj ET Q q 0 0 0 rg BT 355.15 466.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 391.70 466.10 Td (us ) Tj ET Q q 0 0 0 rg BT 402.70 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.25 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.69 466.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 472.91 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.79 466.10 Td (an ) Tj ET Q q 0 0 0 rg BT 504.34 466.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 546.44 466.10 Td (tool ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 454.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 97.75 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.86 454.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 154.40 454.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 207.69 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.47 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.68 454.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 270.45 454.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 293.23 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 306.00 454.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 347.10 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.09 454.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 392.08 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.18 454.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.16 454.10 Td (items ) Tj ET Q q 0 0 0 rg BT 457.60 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.37 454.10 Td (management ) Tj ET Q q 0 0 0 rg BT 529.24 454.10 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (do ) Tj ET Q q 0 0 0 rg BT 62.20 442.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.18 442.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 109.92 442.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 137.65 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.18 442.10 Td (core ) Tj ET Q q 0 0 0 rg BT 172.59 442.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 218.78 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.42 442.10 Td (e ) Tj ET Q q 0 0 0 rg BT 234.06 442.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 265.13 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 282.33 442.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 318.43 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.63 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.50 442.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 356.14 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.12 442.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 404.43 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.07 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 443.81 442.10 Td (external ) Tj ET Q q 0 0 0 rg BT 478.21 442.10 Td (users ) Tj ET Q q 0 0 0 rg BT 500.97 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.50 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 442.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.74 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.05 430.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 146.24 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 161.10 430.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.40 430.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 252.45 430.10 Td (because ) Tj ET Q q 0 0 0 rg BT 285.63 430.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 321.74 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.27 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.47 430.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 360.22 430.10 Td (used ) Tj ET Q q 0 0 0 rg BT 380.08 430.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.61 430.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 429.25 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.57 430.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 473.41 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.38 430.10 Td (company) Tj ET Q q 0 0 0 rg BT 518.82 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 524.24 430.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 101.94 418.10 Td (without ) Tj ET Q q 0 0 0 rg BT 133.92 418.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 160.88 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.07 418.10 Td (items ) Tj ET Q q 0 0 0 rg BT 193.16 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 212.91 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.66 418.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.51 418.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 289.64 418.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 314.11 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.96 418.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 380.80 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.66 418.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 451.12 418.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.98 418.10 Td (can ) Tj ET Q q 0 0 0 rg BT 492.27 418.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 511.46 418.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.41 406.10 Td (company ) Tj ET Q q 0 0 0 rg BT 112.04 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.79 406.10 Td (company ) Tj ET Q q 0 0 0 rg BT 162.42 406.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 207.05 406.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 230.02 406.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 276.87 406.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 313.73 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.14 406.10 Td (book ) Tj ET Q q 0 0 0 rg BT 354.12 406.10 Td (value ) Tj ET Q q 0 0 0 rg BT 378.75 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.05 406.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 418.85 406.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 448.48 406.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 486.44 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.85 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.04 406.10 Td (method ) Tj ET Q q 0 0 0 rg BT 552.01 406.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 102.77 394.10 Td (were ) Tj ET Q q 0 0 0 rg BT 124.70 394.10 Td (acquired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (Using ) Tj ET Q q 0 0 0 rg BT 77.08 379.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 113.19 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.38 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.91 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.54 379.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 189.25 379.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 225.76 379.10 Td (has ) Tj ET Q q 0 0 0 rg BT 242.28 379.10 Td (material ) Tj ET Q q 0 0 0 rg BT 278.23 379.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 324.21 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.73 379.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 378.34 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.31 379.10 Td (net ) Tj ET Q q 0 0 0 rg BT 404.72 379.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 439.85 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.37 379.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.11 379.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.28 379.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 553.68 379.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.02 367.10 Td (under ) Tj ET Q q 0 0 0 rg BT 106.83 367.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 126.65 367.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 153.51 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.54 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 165.91 367.10 Td (it ) Tj ET Q q 0 0 0 rg BT 173.50 367.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 210.53 367.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.77 367.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 278.45 367.10 Td (items ) Tj ET Q q 0 0 0 rg BT 302.15 367.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.63 367.10 Td (may ) Tj ET Q q 0 0 0 rg BT 347.88 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.36 367.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 406.94 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.76 367.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 457.40 367.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 493.51 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.55 367.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 532.57 367.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 87.40 355.10 Td (however) Tj ET Q q 0 0 0 rg BT 121.43 355.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.35 355.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.09 355.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.17 355.10 Td (have ) Tj ET Q q 0 0 0 rg BT 172.47 355.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 213.20 355.10 Td (money ) Tj ET Q q 0 0 0 rg BT 242.84 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.03 355.10 Td (order ) Tj ET Q q 0 0 0 rg BT 276.55 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.74 355.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 318.58 355.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 368.76 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.62 355.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 432.19 355.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.04 355.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 498.67 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 507.75 355.10 Td (an ) Tj ET Q q 0 0 0 rg BT 519.61 355.10 Td (element ) Tj ET Q q 0 0 0 rg BT 553.68 355.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.76 343.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.29 343.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 124.70 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.56 343.10 Td (can ) Tj ET Q q 0 0 0 rg BT 159.87 343.10 Td (af) Tj ET Q q 0 0 0 rg BT 167.45 343.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 185.86 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.62 343.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 231.60 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.80 343.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 280.09 343.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.16 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.02 343.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 364.22 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.30 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.06 343.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 452.53 343.10 Td (Further) Tj ET Q q 0 0 0 rg BT 481.57 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.49 343.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 523.60 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.03 343.10 Td (excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.08 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.17 331.10 Td (amortization; ) Tj ET Q q 0 0 0 rg BT 172.14 331.10 Td (however) Tj ET Q q 0 0 0 rg BT 206.17 331.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.33 331.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.31 331.10 Td (we ) Tj ET Q q 0 0 0 rg BT 233.63 331.10 Td (use ) Tj ET Q q 0 0 0 rg BT 248.62 331.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 276.93 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.02 331.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 334.67 331.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 359.65 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.09 331.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 404.61 331.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 444.30 331.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 495.38 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.47 331.10 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.44 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.11 319.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 112.21 319.10 Td (element ) Tj ET Q q 0 0 0 rg BT 146.09 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.66 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.22 319.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.45 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.13 319.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 238.91 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.92 319.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 285.02 319.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 321.39 319.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 349.08 319.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.81 319.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 389.92 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.15 319.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 429.37 319.10 Td (income ) Tj ET Q q 0 0 0 rg BT 461.04 319.10 Td (taxes; ) Tj ET Q q 0 0 0 rg BT 486.60 319.10 Td (however) Tj ET Q q 0 0 0 rg BT 520.63 319.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.36 319.10 Td (as ) Tj ET Q q 0 0 0 rg BT 535.92 319.10 Td (we ) Tj ET Q q 0 0 0 rg BT 549.81 319.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 307.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 92.14 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.36 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.70 307.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 162.18 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.29 307.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 214.62 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.85 307.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 249.29 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.85 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.19 307.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 307.95 307.10 Td (element ) Tj ET Q q 0 0 0 rg BT 342.49 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.72 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.94 307.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 416.35 307.10 Td (As ) Tj ET Q q 0 0 0 rg BT 430.36 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.69 307.10 Td (result ) Tj ET Q q 0 0 0 rg BT 462.81 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.03 307.10 Td (these ) Tj ET Q q 0 0 0 rg BT 497.47 307.10 Td (exclusions ) Tj ET Q q 0 0 0 rg BT 542.58 307.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 91.35 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 107.97 295.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 143.47 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.65 295.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 197.82 295.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.44 295.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 266.33 295.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 317.93 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.56 295.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 387.28 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.90 295.10 Td (income ) Tj ET Q q 0 0 0 rg BT 435.52 295.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 458.25 295.10 Td (has ) Tj ET Q q 0 0 0 rg BT 473.77 295.10 Td (material ) Tj ET Q q 0 0 0 rg BT 508.71 295.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 553.68 295.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.73 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.82 283.10 Td (net ) Tj ET Q q 0 0 0 rg BT 119.35 283.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 154.36 283.10 Td (When ) Tj ET Q q 0 0 0 rg BT 181.54 283.10 Td (using ) Tj ET Q q 0 0 0 rg BT 206.52 283.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 242.63 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.94 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 257.58 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.33 283.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 319.17 283.10 Td (measure, ) Tj ET Q q 0 0 0 rg BT 358.29 283.10 Td (management ) Tj ET Q q 0 0 0 rg BT 412.69 283.10 Td (compensates ) Tj ET Q q 0 0 0 rg BT 467.09 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 482.07 283.10 Td (these ) Tj ET Q q 0 0 0 rg BT 505.92 283.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 552.01 283.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 95.29 271.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 131.40 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.92 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.88 271.10 Td (net ) Tj ET Q q 0 0 0 rg BT 165.63 271.10 Td (income ) Tj ET Q q 0 0 0 rg BT 197.58 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.89 271.10 Td (each ) Tj ET Q q 0 0 0 rg BT 228.73 271.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 259.30 271.10 Td (so ) Tj ET Q q 0 0 0 rg BT 270.71 271.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.57 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.87 271.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 316.61 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.80 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.54 271.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 394.72 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.31 271.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 473.36 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.21 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.96 271.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 544.80 271.10 Td (core ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.65 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.41 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.62 259.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 161.37 259.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.89 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.21 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.41 259.10 Td (company ) Tj ET Q q 0 0 0 rg BT 281.06 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.05 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.47 259.10 Td (full-cost, ) Tj ET Q q 0 0 0 rg BT 340.29 259.10 Td (after) Tj ET Q q 0 0 0 rg BT 358.40 259.10 Td (-tax ) Tj ET Q q 0 0 0 rg BT 376.94 259.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 402.43 259.10 Td (Using ) Tj ET Q q 0 0 0 rg BT 429.31 259.10 Td (both ) Tj ET Q q 0 0 0 rg BT 450.08 259.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 486.19 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.18 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.61 259.10 Td (net ) Tj ET Q q 0 0 0 rg BT 521.81 259.10 Td (income ) Tj ET Q q 0 0 0 rg BT 554.24 259.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 86.41 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.73 247.10 Td (business ) Tj ET Q q 0 0 0 rg BT 138.73 247.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 167.94 247.10 Td (management ) Tj ET Q q 0 0 0 rg BT 222.13 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.67 247.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 278.88 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.76 247.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 303.96 247.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 331.50 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.94 247.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 381.02 247.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 434.64 247.10 Td (against ) Tj ET Q q 0 0 0 rg BT 466.07 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.50 247.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 532.82 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.36 247.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 84.17 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.00 235.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 135.81 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.08 235.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 182.45 235.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 212.71 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.88 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.71 235.10 Td (stockholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 74.73 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.79 220.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 205.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.65 205.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 94.90 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.59 205.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 149.93 205.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 191.59 205.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.84 205.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 223.59 205.10 Td (million ) Tj ET Q q 0 0 0 rg BT 254.73 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.75 205.10 Td ($109.0 ) Tj ET Q q 0 0 0 rg BT 294.50 205.10 Td (million ) Tj ET Q q 0 0 0 rg BT 325.64 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.55 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.01 205.10 Td (year ) Tj ET Q q 0 0 0 rg BT 373.47 205.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 399.59 205.10 Td (December ) Tj ET Q q 0 0 0 rg BT 442.92 205.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.67 205.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 482.42 205.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.10 205.10 Td ($1) Tj ET Q q 0 0 0 rg BT 513.73 205.10 Td (1) Tj ET Q q 0 0 0 rg BT 518.36 205.10 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 533.11 205.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.15 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.73 193.10 Td (same ) Tj ET Q q 0 0 0 rg BT 100.65 193.10 Td (period ) Tj ET Q q 0 0 0 rg BT 129.56 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.71 193.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 166.33 193.10 Td (This ) Tj ET Q q 0 0 0 rg BT 187.48 193.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 225.26 193.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.30 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.88 193.10 Td (result ) Tj ET Q q 0 0 0 rg BT 276.47 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.17 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.75 193.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 369.87 193.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 430.45 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.60 193.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 482.73 193.10 Td (ef) Tj ET Q q 0 0 0 rg BT 490.32 193.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 531.99 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 193.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 97.49 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.77 181.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 130.27 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.10 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.82 181.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 183.86 181.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.36 181.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 249.96 181.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.23 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.77 181.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.18 181.10 Td (exas ) Tj ET Q q 0 0 0 rg BT 310.45 181.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 344.60 181.10 Td (not ) Tj ET Q q 0 0 0 rg BT 359.88 181.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 410.68 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.96 181.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 90.35 166.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 141.84 166.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.54 166.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.59 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.07 166.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 262.22 166.10 Td (\(excludes ) Tj ET Q q 0 0 0 rg BT 302.59 166.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 354.05 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.54 166.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 425.63 166.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 456.84 166.10 Td (general ) Tj ET Q q 0 0 0 rg BT 488.31 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.80 166.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 91.33 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.50 154.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 126.80 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.53 154.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 157.81 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.88 154.10 Td (property ) Tj ET Q q 0 0 0 rg BT 205.49 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.66 154.10 Td (equipment\) ) Tj ET Q q 0 0 0 rg BT 270.93 154.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 313.08 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.81 154.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 346.05 154.10 Td (million ) Tj ET Q q 0 0 0 rg BT 377.67 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.18 154.10 Td ($93.6 ) Tj ET Q q 0 0 0 rg BT 413.42 154.10 Td (million ) Tj ET Q q 0 0 0 rg BT 445.04 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.44 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.39 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 494.33 154.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.94 154.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.15 142.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 88.30 142.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.38 142.10 Td ($99.7 ) Tj ET Q q 0 0 0 rg BT 133.53 142.10 Td (million ) Tj ET Q q 0 0 0 rg BT 164.07 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.50 142.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 197.52 142.10 Td (This ) Tj ET Q q 0 0 0 rg BT 216.95 142.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 253.01 142.10 Td (was ) Tj ET Q q 0 0 0 rg BT 270.21 142.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 309.07 142.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 356.26 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.68 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.55 142.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 420.63 142.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.04 142.10 Td (ef) Tj ET Q q 0 0 0 rg BT 467.63 142.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 507.59 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.67 142.10 Td (improved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.02 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.85 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.68 130.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 163.84 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.94 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 179.35 130.10 Td (exas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 115.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.93 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.52 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.66 115.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 165.12 115.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 187.93 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.18 115.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 244.09 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.23 115.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 275.55 115.10 Td (million ) Tj ET Q q 0 0 0 rg BT 307.25 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.73 115.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 347.32 115.10 Td (due ) Tj ET Q q 0 0 0 rg BT 364.57 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.16 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.19 115.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 413.00 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.15 115.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 446.40 115.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 494.75 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.34 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.37 115.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 91.93 103.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 110.55 103.10 Td (during ) Tj ET Q q 0 0 0 rg BT 138.61 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.77 103.10 Td (year ) Tj ET Q q 0 0 0 rg BT 171.93 103.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.75 103.10 Td (December ) Tj ET Q q 0 0 0 rg BT 240.79 103.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.23 103.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 279.54 103.10 Td (These ) Tj ET Q q 0 0 0 rg BT 305.37 103.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 327.32 103.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 356.48 103.10 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 375.92 103.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 409.26 103.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.87 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.04 103.10 Td (year ) Tj ET Q q 0 0 0 rg BT 456.19 103.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.02 103.10 Td (December ) Tj ET Q q 0 0 0 rg BT 525.05 103.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.50 103.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.92 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.20 91.10 Td ($785,000 ) Tj ET Q q 0 0 0 rg BT 142.20 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.48 91.10 Td (2015. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.01 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 107.36 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 128.26 742.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 144.72 742.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 165.63 742.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 196.25 742.10 Td (general ) Tj ET Q q 0 0 0 rg BT 227.14 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.04 742.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 301.71 742.10 Td (\(SG&A\) ) Tj ET Q q 0 0 0 rg BT 346.50 742.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 384.06 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.19 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.87 742.10 Td (years ) Tj ET Q q 0 0 0 rg BT 433.43 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.77 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 501.32 742.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 512.78 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 742.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 713.6 m 492.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 713.6 m 561.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 713.6 m 492.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 713.6 m 561.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 671.6 m 492.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 671.6 m 561.5 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 658.6 m 492.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 656.6 m 492.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 658.6 m 561.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 656.6 m 561.5 656.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 716.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 716.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 704.17 Td (Electrical construction operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 704.17 Td (1,265,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 704.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 704.17 Td (304,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 690.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 690.17 Td (832,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 690.17 Td (489,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 676.17 Td (3,815,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 676.17 Td (3,954,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 662.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 662.17 Td (5,913,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 662.17 Td (4,747,492) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 643.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.19 643.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 119.24 643.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 159.95 643.10 Td (24.6% ) Tj ET Q q 0 0 0 rg BT 188.73 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.46 643.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 219.92 643.10 Td (million ) Tj ET Q q 0 0 0 rg BT 251.76 643.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.38 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.55 643.10 Td (year ) Tj ET Q q 0 0 0 rg BT 301.71 643.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 328.54 643.10 Td (December ) Tj ET Q q 0 0 0 rg BT 372.58 643.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 388.03 643.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 413.49 643.10 Td (from ) Tj ET Q q 0 0 0 rg BT 435.88 643.10 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 456.33 643.10 Td (million ) Tj ET Q q 0 0 0 rg BT 488.18 643.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.79 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.96 643.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.13 643.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.77 631.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 106.96 631.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 131.03 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 148.26 631.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 182.71 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.17 631.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 219.40 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.09 631.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 258.88 631.10 Td (was ) Tj ET Q q 0 0 0 rg BT 276.12 631.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 305.58 631.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 352.81 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.27 631.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 400.61 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.07 631.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 449.52 631.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 508.41 631.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 80.61 619.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 141.48 619.10 Td (during ) Tj ET Q q 0 0 0 rg BT 170.42 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.47 619.10 Td (year ) Tj ET Q q 0 0 0 rg BT 205.51 619.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 232.22 619.10 Td (December ) Tj ET Q q 0 0 0 rg BT 276.13 619.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 291.46 619.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 316.80 619.10 Td (when ) Tj ET Q q 0 0 0 rg BT 341.29 619.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 383.54 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.16 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.20 619.10 Td (same ) Tj ET Q q 0 0 0 rg BT 432.58 619.10 Td (period ) Tj ET Q q 0 0 0 rg BT 460.96 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.57 619.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 496.90 619.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 536.95 619.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.22 619.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.04 607.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.70 607.10 Td (s ) Tj ET Q q 0 0 0 rg BT 111.42 607.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 143.67 607.10 Td (As ) Tj ET Q q 0 0 0 rg BT 156.60 607.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.86 607.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 207.98 607.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.13 607.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 254.10 607.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 281.33 607.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.15 607.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 321.07 607.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 360.65 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.25 607.10 Td (4.5% ) Tj ET Q q 0 0 0 rg BT 392.90 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.38 607.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 430.70 607.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.96 607.10 Td (3.9% ) Tj ET Q q 0 0 0 rg BT 474.61 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.21 607.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 508.53 607.10 Td (due ) Tj ET Q q 0 0 0 rg BT 524.79 607.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.57 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.58 595.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 141.12 595.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 176.66 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.23 595.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 214.46 595.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.25 595.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 256.14 595.10 Td (during ) Tj ET Q q 0 0 0 rg BT 285.04 595.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 310.33 595.10 Td (For ) Tj ET Q q 0 0 0 rg BT 327.01 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.02 595.10 Td (year ) Tj ET Q q 0 0 0 rg BT 362.02 595.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 388.68 595.10 Td (December ) Tj ET Q q 0 0 0 rg BT 432.56 595.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.85 595.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 473.14 595.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 512.57 595.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.31 583.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 120.55 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.21 583.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 159.96 583.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 194.95 583.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 230.49 583.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 268.24 583.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.34 583.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.33 583.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 345.97 583.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 373.20 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.86 583.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 415.12 583.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 444.55 583.10 Td (due ) Tj ET Q q 0 0 0 rg BT 460.65 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.09 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.96 583.10 Td (Company) Tj ET Q q 0 0 0 rg BT 525.63 583.10 Td (s ) Tj ET Q q 0 0 0 rg BT 531.18 583.10 Td (growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 568.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 568.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 568.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 148.87 568.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 170.81 568.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 222.72 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.66 568.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 292.70 568.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 327.41 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.57 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.28 568.10 Td (years ) Tj ET Q q 0 0 0 rg BT 379.88 568.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 406.26 568.10 Td (December ) Tj ET Q q 0 0 0 rg BT 449.84 568.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 462.34 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.17 568.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 539.6 m 492.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 539.6 m 561.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 539.6 m 492.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 539.6 m 561.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 497.6 m 492.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 497.6 m 561.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 484.6 m 492.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 482.6 m 492.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 484.6 m 561.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 482.6 m 561.5 482.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 542.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 542.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 530.17 Td (Electrical construction operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 530.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 530.17 Td (6,179,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 530.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 530.17 Td (6,424,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 516.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 516.17 Td (15,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 516.17 Td (14,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 502.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 502.17 Td (117,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 502.17 Td (120,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 488.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 488.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 488.17 Td (6,312,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 488.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 488.17 Td (6,559,241) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 104.48 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.75 469.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 175.12 469.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 212.66 469.10 Td (which ) Tj ET Q q 0 0 0 rg BT 239.93 469.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 276.09 469.10 Td ($62,000 ) Tj ET Q q 0 0 0 rg BT 311.43 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.59 469.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 375.96 469.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 411.01 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.50 469.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 462.76 469.10 Td (intangibles, ) Tj ET Q q 0 0 0 rg BT 511.98 469.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 554.22 469.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 69.74 457.10 Td (million ) Tj ET Q q 0 0 0 rg BT 100.88 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.78 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.24 457.10 Td (year ) Tj ET Q q 0 0 0 rg BT 148.69 457.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.81 457.10 Td (December ) Tj ET Q q 0 0 0 rg BT 218.14 457.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 232.89 457.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 257.63 457.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.31 457.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 299.06 457.10 Td (million ) Tj ET Q q 0 0 0 rg BT 330.19 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.09 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.55 457.10 Td (year ) Tj ET Q q 0 0 0 rg BT 378.01 457.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 404.13 457.10 Td (December ) Tj ET Q q 0 0 0 rg BT 447.45 457.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 462.20 457.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 486.94 457.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.51 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.20 457.10 Td (result ) Tj ET Q q 0 0 0 rg BT 528.66 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.23 457.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 445.10 Td (expenditures. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 430.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 415.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.30 415.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.17 415.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.37 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.14 415.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 222.35 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.44 415.10 Td (income ) Tj ET Q q 0 0 0 rg BT 268.31 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 282.96 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.83 415.10 Td (ef) Tj ET Q q 0 0 0 rg BT 307.42 415.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 337.06 415.10 Td (income ) Tj ET Q q 0 0 0 rg BT 368.93 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.58 415.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 401.00 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.87 415.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 468.08 415.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 512.17 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.26 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.91 415.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 403.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.96 403.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 132.46 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.29 403.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 373.6 m 492.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 373.6 m 561.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 373.6 m 492.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 373.6 m 561.5 373.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 377.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 377.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 363.27 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 363.27 Td (7,809,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 363.27 Td (3,378,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.27 Td (Effective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 348.27 Td (37.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 348.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 348.27 Td (41.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 348.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.84 329.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.43 329.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 104.92 329.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.43 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 136.70 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.65 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.16 329.10 Td (year ) Tj ET Q q 0 0 0 rg BT 184.65 329.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 210.82 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 254.19 329.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 268.98 329.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 291.27 329.10 Td (was ) Tj ET Q q 0 0 0 rg BT 309.11 329.10 Td (37.3% ) Tj ET Q q 0 0 0 rg BT 337.23 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.96 329.10 Td (dif) Tj ET Q q 0 0 0 rg BT 364.88 329.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 382.16 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 403.89 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.40 329.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 448.44 329.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 485.72 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 503.00 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.62 329.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 534.24 329.10 Td (mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.04 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.42 317.10 Td (state ) Tj ET Q q 0 0 0 rg BT 95.35 317.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.39 317.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 148.54 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.58 317.10 Td (nondeductible ) Tj ET Q q 0 0 0 rg BT 222.83 317.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.53 317.10 Td (of) Tj ET Q q 0 0 0 rg BT 268.68 317.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 284.73 317.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.33 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.37 317.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 346.18 317.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 383.89 317.10 Td (production ) Tj ET Q q 0 0 0 rg BT 428.82 317.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 466.52 317.10 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 510.06 317.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 527.21 317.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 317.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.83 305.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.43 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.71 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.54 305.10 Td (year ) Tj ET Q q 0 0 0 rg BT 131.37 305.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 157.86 305.10 Td (December ) Tj ET Q q 0 0 0 rg BT 201.56 305.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 216.68 305.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 239.29 305.10 Td (was ) Tj ET Q q 0 0 0 rg BT 257.46 305.10 Td (41.2% ) Tj ET Q q 0 0 0 rg BT 285.91 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.96 305.10 Td (dif) Tj ET Q q 0 0 0 rg BT 313.89 305.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 331.50 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.55 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.38 305.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 398.75 305.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 436.37 305.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.97 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.91 305.10 Td (34% ) Tj ET Q q 0 0 0 rg BT 485.86 305.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 516.25 305.10 Td (due ) Tj ET Q q 0 0 0 rg BT 533.30 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.70 305.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.08 293.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 103.26 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.35 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.43 293.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 154.84 293.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 186.48 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.45 293.10 Td (nondeductible ) Tj ET Q q 0 0 0 rg BT 254.74 293.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 292.48 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.46 293.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 326.60 293.10 Td (of) Tj ET Q q 0 0 0 rg BT 334.75 293.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 350.83 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 362.47 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.55 293.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 399.63 293.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 437.37 293.10 Td (production ) Tj ET Q q 0 0 0 rg BT 482.34 293.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 520.08 293.10 Td (deduction. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.20 742.25 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 266.29 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.24 742.25 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 322.77 742.25 Td (AL) Tj ET Q q 0 0 0 rg BT 336.11 742.25 Td ( RESOURCES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 727.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 87.88 727.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 120.01 727.25 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.70 712.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 101.51 712.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.43 712.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 146.35 712.25 Td (have ) Tj ET Q q 0 0 0 rg BT 167.38 712.25 Td (been ) Tj ET Q q 0 0 0 rg BT 188.41 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.22 712.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 231.03 712.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 284.27 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.86 712.25 Td (working ) Tj ET Q q 0 0 0 rg BT 336.35 712.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 367.65 712.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 385.35 712.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 419.16 712.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 451.30 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.79 712.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.71 712.25 Td (have ) Tj ET Q q 0 0 0 rg BT 502.74 712.25 Td (been ) Tj ET Q q 0 0 0 rg BT 523.77 712.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 543.69 712.25 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.19 700.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.59 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.78 700.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 182.08 700.25 Td (under ) Tj ET Q q 0 0 0 rg BT 207.59 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.67 700.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 245.31 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.38 700.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.90 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.08 700.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 344.04 700.25 Td (financing. ) Tj ET Q q 0 0 0 rg BT 386.45 700.25 Td (As ) Tj ET Q q 0 0 0 rg BT 400.31 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.39 700.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 470.22 700.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 495.47 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 509.87 700.25 Td (had ) Tj ET Q q 0 0 0 rg BT 527.06 700.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 547.58 700.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.74 688.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 117.25 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.56 688.25 Td ($20.6 ) Tj ET Q q 0 0 0 rg BT 152.03 688.25 Td (million ) Tj ET Q q 0 0 0 rg BT 182.89 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.30 688.25 Td (working ) Tj ET Q q 0 0 0 rg BT 234.60 688.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 263.22 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.53 688.25 Td ($33.0 ) Tj ET Q q 0 0 0 rg BT 298.00 688.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 331.36 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 341.66 688.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 383.06 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.81 688.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.55 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.96 688.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 448.70 688.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 496.21 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.51 688.25 Td ($1) Tj ET Q q 0 0 0 rg BT 516.14 688.25 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 530.62 688.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 676.25 Td (working ) Tj ET Q q 0 0 0 rg BT 102.77 676.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.92 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.75 676.25 Td ($25.5 ) Tj ET Q q 0 0 0 rg BT 167.75 676.25 Td (million ) Tj ET Q q 0 0 0 rg BT 199.14 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 209.97 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.80 676.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 279.38 676.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.68 661.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 95.80 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.93 661.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 126.05 661.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 146.73 661.25 Td (from ) Tj ET Q q 0 0 0 rg BT 168.52 661.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 215.02 661.25 Td (we ) Tj ET Q q 0 0 0 rg BT 229.04 661.25 Td (have ) Tj ET Q q 0 0 0 rg BT 250.26 661.25 Td (an ) Tj ET Q q 0 0 0 rg BT 262.05 661.25 Td ($18.0 ) Tj ET Q q 0 0 0 rg BT 286.90 661.25 Td (million ) Tj ET Q q 0 0 0 rg BT 318.14 661.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 358.82 661.25 Td (line ) Tj ET Q q 0 0 0 rg BT 376.16 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.84 661.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 414.46 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.14 661.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.93 661.25 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 476.78 661.25 Td (million ) Tj ET Q q 0 0 0 rg BT 508.02 661.25 Td (was ) Tj ET Q q 0 0 0 rg BT 525.92 661.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 649.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 107.90 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 118.52 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.15 649.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 187.52 649.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 212.15 649.25 Td (This ) Tj ET Q q 0 0 0 rg BT 232.22 649.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 272.83 649.25 Td (line ) Tj ET Q q 0 0 0 rg BT 290.12 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.74 649.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.80 649.25 Td (is ) Tj ET Q q 0 0 0 rg BT 334.76 649.25 Td (used ) Tj ET Q q 0 0 0 rg BT 355.38 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 366.00 649.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.57 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 381.20 649.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 409.60 649.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 440.78 649.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 466.12 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 476.74 649.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 517.36 649.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.43 649.25 Td (note ) Tj ET Q q 0 0 0 rg BT 546.94 649.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 554.23 649.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.22 637.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.77 637.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.75 637.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 204.25 637.25 Td (W) Tj ET Q q 0 0 0 rg BT 212.89 637.25 Td (e ) Tj ET Q q 0 0 0 rg BT 220.33 637.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 262.20 637.25 Td (that ) Tj ET Q q 0 0 0 rg BT 280.20 637.25 Td (this ) Tj ET Q q 0 0 0 rg BT 297.66 637.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 318.43 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 331.43 637.25 Td (hand, ) Tj ET Q q 0 0 0 rg BT 356.38 637.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.71 637.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 398.48 637.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 435.91 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.35 637.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.69 637.25 Td (future ) Tj ET Q q 0 0 0 rg BT 496.57 637.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.34 637.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 542.57 637.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.83 625.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 127.99 625.25 Td (will ) Tj ET Q q 0 0 0 rg BT 145.60 625.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 178.21 625.25 Td (suf) Tj ET Q q 0 0 0 rg BT 190.25 625.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 217.86 625.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.69 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.53 625.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 275.69 625.25 Td (us ) Tj ET Q q 0 0 0 rg BT 286.64 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.48 625.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 317.98 625.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.37 625.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 373.19 625.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 398.02 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.52 625.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 433.80 625.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 488.07 625.25 Td (for ) Tj ET Q q 0 0 0 rg BT 501.79 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.07 625.25 Td (next ) Tj ET Q q 0 0 0 rg BT 535.35 625.25 Td (twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (months.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.62 598.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 96.87 598.25 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 583.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 583.25 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 583.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 583.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.47 583.25 Td (net ) Tj ET Q q 0 0 0 rg BT 197.18 583.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.45 583.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 242.17 583.25 Td (for ) Tj ET Q q 0 0 0 rg BT 256.33 583.25 Td (each ) Tj ET Q q 0 0 0 rg BT 277.15 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.98 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.70 583.25 Td (years ) Tj ET Q q 0 0 0 rg BT 326.29 583.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.67 583.25 Td (December ) Tj ET Q q 0 0 0 rg BT 396.25 583.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 408.75 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 419.58 583.25 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 553.75 m 492.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 553.75 m 561.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 553.75 m 492.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 553.75 m 561.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 508.75 m 492.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 508.75 m 561.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 494.75 m 492.5 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 492.75 m 492.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 494.75 m 561.5 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 492.75 m 561.5 492.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 557.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 557.48 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 543.42 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 543.42 Td (18,057,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 543.42 Td (5,567,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 528.42 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 528.47 Td (\(4,669,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 528.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 528.47 Td (\(4,153,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 528.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 513.42 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 513.47 Td (\(4,162,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 513.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 513.42 Td (137,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 498.42 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 498.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 498.42 Td (9,225,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 498.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 498.42 Td (1,552,059) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.80 479.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.91 464.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 96.04 464.25 Td (from ) Tj ET Q q 0 0 0 rg BT 117.40 464.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 157.07 464.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 195.08 464.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.20 464.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 252.77 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.01 464.25 Td (net ) Tj ET Q q 0 0 0 rg BT 277.14 464.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 310.98 464.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 346.22 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.91 464.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 383.35 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.48 464.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 425.51 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.75 464.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.43 464.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 488.43 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.78 464.25 Td (disbursements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.25 Td (therefrom. ) Tj ET Q q 0 0 0 rg BT 94.67 452.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 112.96 452.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 133.47 452.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 158.44 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 173.39 452.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 218.33 452.25 Td (by ) Tj ET Q q 0 0 0 rg BT 231.08 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.04 452.25 Td (level ) Tj ET Q q 0 0 0 rg BT 268.21 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.29 452.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 326.19 452.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 366.69 452.25 Td (mar) Tj ET Q q 0 0 0 rg BT 382.06 452.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 401.47 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.65 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.61 452.25 Td (types ) Tj ET Q q 0 0 0 rg BT 457.46 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.54 452.25 Td (services ) Tj ET Q q 0 0 0 rg BT 503.49 452.25 Td (we ) Tj ET Q q 0 0 0 rg BT 517.89 452.25 Td (provide, ) Tj ET Q q 0 0 0 rg BT 553.68 452.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (well ) Tj ET Q q 0 0 0 rg BT 69.72 440.25 Td (as ) Tj ET Q q 0 0 0 rg BT 80.55 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.26 440.25 Td (stages ) Tj ET Q q 0 0 0 rg BT 122.20 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.03 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.86 440.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 188.00 440.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 239.93 440.25 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.06 425.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 109.66 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 121.72 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 137.11 425.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.93 425.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 215.09 425.25 Td (totaled ) Tj ET Q q 0 0 0 rg BT 244.36 425.25 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 268.92 425.25 Td (million ) Tj ET Q q 0 0 0 rg BT 299.87 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.58 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.86 425.25 Td (year ) Tj ET Q q 0 0 0 rg BT 347.12 425.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 373.06 425.25 Td (December ) Tj ET Q q 0 0 0 rg BT 416.20 425.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 430.76 425.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 455.32 425.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 496.80 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.64 425.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.46 425.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (by ) Tj ET Q q 0 0 0 rg BT 63.02 413.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 103.80 413.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 142.91 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.26 413.25 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 174.78 413.25 Td (million ) Tj ET Q q 0 0 0 rg BT 206.68 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.36 413.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 246.66 413.25 Td (The ) Tj ET Q q 0 0 0 rg BT 265.22 413.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 300.99 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.79 413.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 332.57 413.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 357.81 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 380.27 413.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 421.05 413.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 460.16 413.25 Td (was ) Tj ET Q q 0 0 0 rg BT 478.73 413.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 539.51 413.25 Td ($12.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 83.67 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.38 401.25 Td (was ) Tj ET Q q 0 0 0 rg BT 118.21 401.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 157.70 401.25 Td (due ) Tj ET Q q 0 0 0 rg BT 174.41 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.46 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.96 401.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 233.44 401.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 270.68 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.74 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 296.34 401.25 Td (net ) Tj ET Q q 0 0 0 rg BT 310.83 401.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 345.04 401.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 387.30 401.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.35 401.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 431.85 401.25 Td (normally ) Tj ET Q q 0 0 0 rg BT 470.22 401.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 507.48 401.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 539.74 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 401.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (status ) Tj ET Q q 0 0 0 rg BT 75.28 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.11 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.94 389.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 141.07 389.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 193.01 389.25 Td (projects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (Days ) Tj ET Q q 0 0 0 rg BT 73.05 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.88 374.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 108.05 374.25 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 161.31 374.25 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 359.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.25 359.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 100.73 359.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 150.12 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.07 359.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.57 359.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 217.17 359.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 260.42 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.03 359.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 310.29 359.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 346.90 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.52 359.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.13 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.74 359.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 447.23 359.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 483.28 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.23 359.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 521.50 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.01 359.25 Td (billings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.72 347.25 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 119.08 347.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 165.83 347.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.21 347.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.25 347.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 238.60 347.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 291.75 347.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 339.62 347.25 Td (by ) Tj ET Q q 0 0 0 rg BT 353.34 347.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 399.82 347.25 Td (days ) Tj ET Q q 0 0 0 rg BT 421.87 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.91 347.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 457.07 347.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 507.45 347.25 Td (\(DSO\). ) Tj ET Q q 0 0 0 rg BT 548.94 347.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 347.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 88.08 335.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 110.64 335.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.52 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.40 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.17 335.25 Td (end ) Tj ET Q q 0 0 0 rg BT 164.16 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.05 335.25 Td (any ) Tj ET Q q 0 0 0 rg BT 192.04 335.25 Td (period ) Tj ET Q q 0 0 0 rg BT 220.14 335.25 Td (by ) Tj ET Q q 0 0 0 rg BT 232.69 335.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 268.57 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.34 335.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 326.43 335.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 355.11 335.25 Td () Tj ET Q q 0 0 0 rg BT 357.89 335.25 Td (s ) Tj ET Q q 0 0 0 rg BT 364.34 335.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 403.53 335.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 455.51 335.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 489.71 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.04 335.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 542.57 335.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.71 323.25 Td (day) Tj ET Q q 0 0 0 rg BT 78.50 323.25 Td (. ) Tj ET Q q 0 0 0 rg BT 82.80 323.25 Td (W) Tj ET Q q 0 0 0 rg BT 91.44 323.25 Td (e ) Tj ET Q q 0 0 0 rg BT 97.82 323.25 Td (then ) Tj ET Q q 0 0 0 rg BT 116.97 323.25 Td (divide ) Tj ET Q q 0 0 0 rg BT 143.91 323.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 185.27 323.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 228.29 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.67 323.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 277.70 323.25 Td (billings, ) Tj ET Q q 0 0 0 rg BT 312.15 323.25 Td (net ) Tj ET Q q 0 0 0 rg BT 326.30 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.57 323.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 379.05 323.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.65 323.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 428.48 323.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 469.84 323.25 Td (at ) Tj ET Q q 0 0 0 rg BT 479.00 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 323.25 Td (end ) Tj ET Q q 0 0 0 rg BT 509.54 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.81 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.96 323.25 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.96 311.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 83.36 311.25 Td (per ) Tj ET Q q 0 0 0 rg BT 98.09 311.25 Td (day) Tj ET Q q 0 0 0 rg BT 111.88 311.25 Td (, ) Tj ET Q q 0 0 0 rg BT 116.34 311.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.08 311.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 163.56 311.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 185.53 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.15 311.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 236.10 311.25 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 281.49 311.25 Td (T) Tj ET Q q 0 0 0 rg BT 286.90 311.25 Td (o ) Tj ET Q q 0 0 0 rg BT 293.86 311.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 331.35 311.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 353.32 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 366.94 311.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.90 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.30 311.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 445.58 311.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 481.42 311.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.15 311.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 519.21 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.50 311.25 Td (billings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 299.25 Td (divide ) Tj ET Q q 0 0 0 rg BT 91.66 299.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.59 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.53 299.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 176.35 299.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 212.73 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.01 299.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 251.61 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 299.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 294.94 299.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.44 299.25 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 361.59 299.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 407.12 299.25 Td (by ) Tj ET Q q 0 0 0 rg BT 419.62 299.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 441.56 299.25 Td (per ) Tj ET Q q 0 0 0 rg BT 456.83 299.25 Td (day) Tj ET Q q 0 0 0 rg BT 470.62 299.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (For ) Tj ET Q q 0 0 0 rg BT 65.96 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.25 284.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 114.53 284.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 140.48 284.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 198.64 284.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 220.71 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.22 284.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 261.79 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 277.19 284.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 299.27 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.00 284.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 350.06 284.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 393.21 284.25 Td (were ) Tj ET Q q 0 0 0 rg BT 414.71 284.25 Td (58 ) Tj ET Q q 0 0 0 rg BT 426.78 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.29 284.25 Td (54, ) Tj ET Q q 0 0 0 rg BT 457.86 284.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 505.52 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 510.09 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.60 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 542.01 284.25 Td (DSO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.06 272.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 86.46 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.30 272.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.02 272.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 180.30 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.47 272.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 218.97 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.70 272.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 262.11 272.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.51 272.25 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 328.56 272.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 367.05 272.25 Td (were ) Tj ET Q q 0 0 0 rg BT 388.88 272.25 Td (22 ) Tj ET Q q 0 0 0 rg BT 401.28 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.12 272.25 Td (33, ) Tj ET Q q 0 0 0 rg BT 433.02 272.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 480.68 272.25 Td (. ) Tj ET Q q 0 0 0 rg BT 485.41 272.25 Td (The ) Tj ET Q q 0 0 0 rg BT 503.35 272.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 538.51 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 272.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 72.03 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 85.71 260.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 122.71 260.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 165.81 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.27 260.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 215.38 260.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 247.40 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.08 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.32 260.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 305.65 260.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 331.55 260.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 389.66 260.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 414.18 260.25 Td (when ) Tj ET Q q 0 0 0 rg BT 437.86 260.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.30 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.10 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.34 260.25 Td (same ) Tj ET Q q 0 0 0 rg BT 525.91 260.25 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.45 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.12 248.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 109.02 248.25 Td (was ) Tj ET Q q 0 0 0 rg BT 126.47 248.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 156.15 248.25 Td (due ) Tj ET Q q 0 0 0 rg BT 172.49 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.16 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.28 248.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 260.93 248.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 295.58 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.26 248.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 338.80 248.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 368.48 248.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 415.91 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.59 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.71 248.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 474.36 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.04 248.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 529.80 248.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (project ) Tj ET Q q 0 0 0 rg BT 80.46 236.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 117.10 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 135.34 236.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 172.44 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.91 236.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.94 236.25 Td (DSO ) Tj ET Q q 0 0 0 rg BT 221.63 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.98 236.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 258.68 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.81 236.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 316.82 236.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 353.39 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.86 236.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 392.65 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.67 236.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 436.37 236.25 Td (was ) Tj ET Q q 0 0 0 rg BT 454.61 236.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 485.08 236.25 Td (due ) Tj ET Q q 0 0 0 rg BT 502.21 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.68 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.58 236.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.22 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.88 224.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 107.85 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.62 224.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 141.06 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.94 224.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 198.70 224.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 235.02 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.24 224.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 273.77 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.54 224.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 316.99 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.76 224.25 Td (lar) Tj ET Q q 0 0 0 rg BT 338.13 224.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 350.01 224.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 384.10 224.25 Td (when ) Tj ET Q q 0 0 0 rg BT 408.20 224.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 450.07 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.29 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.94 224.25 Td (same ) Tj ET Q q 0 0 0 rg BT 497.93 224.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 536.46 224.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.84 212.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 85.72 212.25 Td (As ) Tj ET Q q 0 0 0 rg BT 99.89 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.28 212.25 Td (March13, ) Tj ET Q q 0 0 0 rg BT 155.44 212.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 180.99 212.25 Td (we ) Tj ET Q q 0 0 0 rg BT 195.71 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 217.65 212.25 Td (received ) Tj ET Q q 0 0 0 rg BT 254.57 212.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 315.38 212.25 Td (98.8% ) Tj ET Q q 0 0 0 rg BT 344.27 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.66 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.05 212.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 431.19 212.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 454.25 212.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 503.97 212.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 527.02 212.25 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 93.58 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.52 200.25 Td (have ) Tj ET Q q 0 0 0 rg BT 131.89 200.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 157.17 200.25 Td (88.6% ) Tj ET Q q 0 0 0 rg BT 185.50 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.33 200.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.16 200.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 234.66 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.60 200.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 292.42 200.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 328.79 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.07 200.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 367.67 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.50 200.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 411.01 200.25 Td (balance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 185.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 185.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 109.63 185.25 Td (Paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.14 170.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.50 170.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 136.98 170.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 176.88 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.81 170.25 Td ($8.1 ) Tj ET Q q 0 0 0 rg BT 206.46 170.25 Td (million ) Tj ET Q q 0 0 0 rg BT 237.51 170.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.32 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.69 170.25 Td (year ) Tj ET Q q 0 0 0 rg BT 285.04 170.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 311.07 170.25 Td (December ) Tj ET Q q 0 0 0 rg BT 354.31 170.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.96 170.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 391.11 170.25 Td (from ) Tj ET Q q 0 0 0 rg BT 412.70 170.25 Td ($88,000 ) Tj ET Q q 0 0 0 rg BT 447.35 170.25 Td (for ) Tj ET Q q 0 0 0 rg BT 461.16 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.53 170.25 Td (year ) Tj ET Q q 0 0 0 rg BT 494.89 170.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.91 170.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.25 158.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 90.30 158.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.71 158.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 116.22 158.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 136.19 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.60 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.56 158.25 Td (year ) Tj ET Q q 0 0 0 rg BT 185.52 158.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 212.14 158.25 Td (December ) Tj ET Q q 0 0 0 rg BT 255.97 158.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 271.22 158.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 293.97 158.25 Td (included ) Tj ET Q q 0 0 0 rg BT 331.15 158.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 391.66 158.25 Td ($500,000 ) Tj ET Q q 0 0 0 rg BT 431.91 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 446.31 158.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 469.06 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.25 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.21 158.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 544.50 158.25 Td ($7.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.25 Td (million ) Tj ET Q q 0 0 0 rg BT 81.75 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 96.26 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.34 146.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.51 146.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.37 146.25 Td (income ) Tj ET Q q 0 0 0 rg BT 207.66 146.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 222.73 146.25 Td (liability) Tj ET Q q 0 0 0 rg BT 253.19 146.25 Td (. ) Tj ET Q q 0 0 0 rg BT 258.34 146.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.75 146.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 284.38 146.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 304.45 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.97 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.04 146.25 Td (year ) Tj ET Q q 0 0 0 rg BT 354.10 146.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 380.84 146.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 439.78 146.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 462.64 146.25 Td (included ) Tj ET Q q 0 0 0 rg BT 499.93 146.25 Td ($26,000 ) Tj ET Q q 0 0 0 rg BT 535.28 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 146.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 72.70 134.25 Td (income ) Tj ET Q q 0 0 0 rg BT 104.83 134.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.74 134.25 Td (liability) Tj ET Q q 0 0 0 rg BT 150.20 134.25 Td (, ) Tj ET Q q 0 0 0 rg BT 155.40 134.25 Td ($7,000 ) Tj ET Q q 0 0 0 rg BT 185.59 134.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.95 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.86 134.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 258.66 134.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.69 134.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 326.25 134.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 341.16 134.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 375.51 134.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.21 134.25 Td (state ) Tj ET Q q 0 0 0 rg BT 409.23 134.25 Td (income ) Tj ET Q q 0 0 0 rg BT 441.36 134.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 464.60 134.25 Td (from ) Tj ET Q q 0 0 0 rg BT 486.74 134.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 508.87 134.25 Td (years ) Tj ET Q q 0 0 0 rg BT 532.67 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 134.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 93.04 122.25 Td ($55,000 ) Tj ET Q q 0 0 0 rg BT 128.04 122.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.20 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.92 122.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 197.74 122.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 220.24 122.25 Td (income ) Tj ET Q q 0 0 0 rg BT 252.17 122.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 266.89 122.25 Td (liability) Tj ET Q q 0 0 0 rg BT 297.35 122.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (Investing ) Tj ET Q q 0 0 0 rg BT 90.47 107.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.00 92.25 Td (used ) Tj ET Q q 0 0 0 rg BT 94.32 92.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.10 92.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 144.76 92.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 183.85 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.51 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.72 92.25 Td (year ) Tj ET Q q 0 0 0 rg BT 233.92 92.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.79 92.25 Td (December ) Tj ET Q q 0 0 0 rg BT 304.87 92.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.37 92.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 345.86 92.25 Td (was ) Tj ET Q q 0 0 0 rg BT 364.41 92.25 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 384.91 92.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 419.29 92.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 461.71 92.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.49 92.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 493.25 92.25 Td (used ) Tj ET Q q 0 0 0 rg BT 514.58 92.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.35 92.25 Td (investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.96 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.16 80.25 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 120.52 80.25 Td (million ) Tj ET Q q 0 0 0 rg BT 152.28 80.25 Td (for ) Tj ET Q q 0 0 0 rg BT 166.80 80.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 191.96 80.25 Td (The ) Tj ET Q q 0 0 0 rg BT 210.37 80.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 245.98 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.63 80.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.26 80.25 Td (used ) Tj ET Q q 0 0 0 rg BT 298.45 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.09 80.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.29 80.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 364.82 80.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 403.78 80.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.30 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.38 80.25 Td (year ) Tj ET Q q 0 0 0 rg BT 453.46 80.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.20 80.25 Td (December ) Tj ET Q q 0 0 0 rg BT 524.14 80.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.51 80.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (when ) Tj ET Q q 0 0 0 rg BT 74.02 68.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 115.80 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.93 68.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 150.79 68.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.81 68.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 207.71 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.84 68.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.63 68.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 261.40 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.54 68.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 309.43 68.25 Td (from ) Tj ET Q q 0 0 0 rg BT 331.23 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.80 68.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 367.59 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.28 68.25 Td (property) Tj ET Q q 0 0 0 rg BT 411.51 68.25 Td (, ) Tj ET Q q 0 0 0 rg BT 416.36 68.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 438.71 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.51 68.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 500.08 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.76 68.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 530.62 68.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 56.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 75.18 56.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.77 56.25 Td (a ) Tj ET Q q 0 0 0 rg BT 94.80 56.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 131.80 56.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.17 56.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.41 56.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 225.10 56.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.02 56.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 256.11 56.25 Td (million ) Tj ET Q q 0 0 0 rg BT 287.59 56.25 Td (when ) Tj ET Q q 0 0 0 rg BT 311.84 56.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 353.85 56.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.22 56.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 389.31 56.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 407.45 56.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 436.69 56.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 490.38 56.25 Td (are ) Tj ET Q q 0 0 0 rg BT 505.18 56.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 535.54 56.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 56.25 Td (the ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 92.04 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.97 742.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 150.29 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.11 742.10 Td (trucks ) Tj ET Q q 0 0 0 rg BT 217.15 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.20 742.10 Td (heavy ) Tj ET Q q 0 0 0 rg BT 260.68 742.10 Td (machinery) Tj ET Q q 0 0 0 rg BT 302.23 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.34 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.28 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.88 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.82 742.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 396.06 742.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 448.10 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.36 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.63 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.45 742.10 Td (upgrading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.61 730.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 117.64 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.15 730.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 175.04 730.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 192.76 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 221.59 730.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 250.98 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.81 730.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 286.99 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.83 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 333.54 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.49 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 363.44 730.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 423.37 730.10 Td ($9.1 ) Tj ET Q q 0 0 0 rg BT 443.04 730.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 476.61 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.00 730.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 527.06 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 730.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.63 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 72.26 718.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 113.65 718.10 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 156.16 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.56 718.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 213.96 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.25 718.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 270.92 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.55 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.84 718.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 338.44 718.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 389.83 718.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 435.81 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 444.45 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 450.85 718.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 470.03 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.77 718.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 500.06 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 522.57 718.10 Td (purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.44 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.71 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 132.21 706.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 154.15 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.08 706.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 215.80 706.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 258.56 706.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 301.05 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.33 706.10 Td (past ) Tj ET Q q 0 0 0 rg BT 339.94 706.10 Td (practices.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 95.48 691.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.91 676.10 Td (used ) Tj ET Q q 0 0 0 rg BT 92.16 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.85 676.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 141.52 676.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.54 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.11 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.24 676.10 Td (year ) Tj ET Q q 0 0 0 rg BT 226.36 676.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.15 676.10 Td (December ) Tj ET Q q 0 0 0 rg BT 295.15 676.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.56 676.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 333.97 676.10 Td (was ) Tj ET Q q 0 0 0 rg BT 351.44 676.10 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 370.85 676.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 404.16 676.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 445.49 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.18 676.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 474.87 676.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 512.33 676.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.24 676.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.22 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.68 664.10 Td ($137,000 ) Tj ET Q q 0 0 0 rg BT 138.31 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.09 664.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 176.72 664.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 194.39 664.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 234.28 664.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 272.51 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.29 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.63 664.10 Td (current ) Tj ET Q q 0 0 0 rg BT 331.08 664.10 Td (year ) Tj ET Q q 0 0 0 rg BT 350.41 664.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 389.75 664.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 419.65 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.10 664.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 478.32 664.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 511.00 664.10 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 530.63 664.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.34 652.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 95.13 652.10 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 114.63 652.10 Td (million ) Tj ET Q q 0 0 0 rg BT 145.53 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 157.54 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.88 652.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 197.39 652.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 229.40 652.10 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 275.29 652.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 300.35 652.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 348.45 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.79 652.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 378.30 652.10 Td (million ) Tj ET Q q 0 0 0 rg BT 409.20 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.20 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.54 652.10 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 461.05 652.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 493.06 652.10 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 538.95 652.10 Td (Loan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 98.76 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 640.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 129.91 640.10 Td (million ) Tj ET Q q 0 0 0 rg BT 161.47 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.13 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.93 640.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.57 640.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 227.34 640.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 258.88 640.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 282.09 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.19 640.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 347.95 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.94 640.10 Td ($743,000 ) Tj ET Q q 0 0 0 rg BT 399.10 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.77 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.76 640.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 447.92 640.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 480.59 640.10 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 527.13 640.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 550.34 640.10 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.40 628.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 93.58 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 107.85 628.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 139.91 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.76 628.10 Td (note ) Tj ET Q q 0 0 0 rg BT 169.04 628.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 176.11 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.96 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.25 628.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 252.86 628.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.91 628.10 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 339.87 628.10 Td (These ) Tj ET Q q 0 0 0 rg BT 365.81 628.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 413.98 628.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.48 628.10 Td (of) Tj ET Q q 0 0 0 rg BT 443.62 628.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 460.13 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.20 628.10 Td (net ) Tj ET Q q 0 0 0 rg BT 486.49 628.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 534.11 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.51 628.10 Td ($4.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.50 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 94.10 616.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.85 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 118.49 616.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 147.21 616.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 178.69 616.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 201.85 616.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 216.11 616.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 248.71 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.09 616.10 Td (note ) Tj ET Q q 0 0 0 rg BT 278.91 616.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 286.52 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.90 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.73 616.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 364.88 616.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 402.46 616.10 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 453.11 616.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 471.27 616.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 511.64 616.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 550.34 616.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.18 604.10 Td (year ) Tj ET Q q 0 0 0 rg BT 85.35 604.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.19 604.10 Td (December ) Tj ET Q q 0 0 0 rg BT 156.23 604.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.69 604.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 194.65 604.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 234.83 604.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 265.57 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.86 604.10 Td (net ) Tj ET Q q 0 0 0 rg BT 292.04 604.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 340.55 604.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 374.06 604.10 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 399.52 604.10 Td (million ) Tj ET Q q 0 0 0 rg BT 431.38 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 442.67 604.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 478.41 604.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 503.87 604.10 Td (million ) Tj ET Q q 0 0 0 rg BT 535.72 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 604.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 74.84 592.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 107.18 592.10 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 153.40 592.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 178.79 592.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 226.67 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.34 592.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 257.18 592.10 Td (million ) Tj ET Q q 0 0 0 rg BT 288.41 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.75 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 316.25 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 324.88 592.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 353.33 592.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 384.55 592.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 409.94 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.71 592.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 474.60 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.27 592.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 505.11 592.10 Td (million ) Tj ET Q q 0 0 0 rg BT 536.34 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.67 592.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 70.50 580.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 103.51 580.10 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 150.39 580.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 173.94 580.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 188.60 580.10 Td (such ) Tj ET Q q 0 0 0 rg BT 209.93 580.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 234.04 580.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.24 580.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 282.23 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.01 580.10 Td (note ) Tj ET Q q 0 0 0 rg BT 313.23 580.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 321.23 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.00 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.22 580.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 400.76 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.75 580.10 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 489.57 580.10 Td (These ) Tj ET Q q 0 0 0 rg BT 516.45 580.10 Td (borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (were ) Tj ET Q q 0 0 0 rg BT 73.44 568.10 Td (of) Tj ET Q q 0 0 0 rg BT 81.59 568.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 100.04 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.06 568.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 164.17 568.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 198.73 568.10 Td ($24.3 ) Tj ET Q q 0 0 0 rg BT 225.25 568.10 Td (million ) Tj ET Q q 0 0 0 rg BT 258.15 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.50 568.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 307.29 568.10 Td ($10.2 ) Tj ET Q q 0 0 0 rg BT 333.80 568.10 Td (million ) Tj ET Q q 0 0 0 rg BT 366.71 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.72 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.07 568.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 438.72 568.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 492.17 568.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 538.39 568.10 Td (loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 99.31 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.85 556.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 131.56 556.10 Td (million ) Tj ET Q q 0 0 0 rg BT 163.67 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.88 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.19 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.83 556.10 Td (orking ) Tj ET Q q 0 0 0 rg BT 231.15 556.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 263.24 556.10 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 289.50 556.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 338.81 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.35 556.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 371.07 556.10 Td (million ) Tj ET Q q 0 0 0 rg BT 403.17 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 416.38 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.93 556.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 458.64 556.10 Td (Million ) Tj ET Q q 0 0 0 rg BT 491.86 556.10 Td (Equipment ) Tj ET 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513.96 544.10 Td (statements\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 532.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 113.88 532.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 133.59 532.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 182.19 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.02 532.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 213.02 532.10 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 517.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.45 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.71 517.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 106.30 517.10 Td (no ) Tj ET Q q 0 0 0 rg BT 118.68 517.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.83 517.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 180.09 517.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.47 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.18 517.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 247.78 517.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 272.94 517.10 Td (since ) Tj ET Q q 0 0 0 rg BT 295.86 517.10 Td (1933, ) Tj ET Q q 0 0 0 rg BT 320.74 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.56 517.10 Td (it ) Tj ET Q q 0 0 0 rg BT 345.49 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.54 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 369.70 517.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 407.61 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 424.98 517.10 Td (we ) Tj ET Q q 0 0 0 rg BT 439.02 517.10 Td (will ) Tj ET Q q 0 0 0 rg BT 456.95 517.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 473.77 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.59 517.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.73 517.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 552.00 517.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 505.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 105.56 505.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 130.83 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.11 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.83 505.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 200.54 505.10 Td (future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 71.94 490.10 Td (Covenants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.29 475.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 86.24 475.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 141.84 475.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 173.01 475.10 Td (various ) Tj ET Q q 0 0 0 rg BT 204.19 475.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 240.91 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.08 475.10 Td (other ) Tj ET Q q 0 0 0 rg BT 279.37 475.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 321.09 475.10 Td (including ) Tj ET Q q 0 0 0 rg BT 360.60 475.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 413.98 475.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 457.39 475.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 493.56 475.10 Td (any ) Tj ET Q q 0 0 0 rg BT 509.73 475.10 Td (default ) Tj ET Q q 0 0 0 rg BT 539.23 475.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.58 463.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 89.84 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.31 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.68 463.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.71 463.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 169.52 463.10 Td (its ) Tj ET Q q 0 0 0 rg BT 181.11 463.10 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 233.80 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.73 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.09 463.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 295.22 463.10 Td (will ) Tj ET Q q 0 0 0 rg BT 312.92 463.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 353.95 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.54 463.10 Td (default ) Tj ET Q q 0 0 0 rg BT 390.45 463.10 Td (under ) Tj ET Q q 0 0 0 rg BT 415.36 463.10 Td (all ) Tj ET Q q 0 0 0 rg BT 427.50 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.98 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.34 463.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.03 463.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 498.29 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.76 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 463.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 70.71 451.10 Td (its ) Tj ET Q q 0 0 0 rg BT 83.09 451.10 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 136.57 451.10 Td (with ) Tj ET Q q 0 0 0 rg BT 157.29 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.44 451.10 Td (lender) Tj ET Q q 0 0 0 rg BT 196.88 451.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.10 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.59 451.10 Td (most ) Tj ET Q q 0 0 0 rg BT 242.97 451.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 288.12 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.39 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.54 451.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 357.46 451.10 Td (are: ) Tj ET Q q 0 0 0 rg BT 375.39 451.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 418.87 451.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 439.03 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.74 451.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 484.89 451.10 Td (net ) Tj ET Q q 0 0 0 rg BT 500.05 451.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 526.31 451.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 547.58 451.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 73.22 439.10 Td (char) Tj ET Q q 0 0 0 rg BT 90.24 439.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 102.35 439.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 141.10 439.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 164.40 439.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.04 439.10 Td (e ) Tj ET Q q 0 0 0 rg BT 180.15 439.10 Td (must ) Tj ET Q q 0 0 0 rg BT 202.26 439.10 Td (maintain: ) Tj ET Q q 0 0 0 rg BT 242.70 439.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.81 439.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 284.69 439.10 Td (net ) Tj ET Q q 0 0 0 rg BT 299.57 439.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 325.57 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.57 439.10 Td (at ) Tj ET Q q 0 0 0 rg BT 346.46 439.10 Td (least ) Tj ET Q q 0 0 0 rg BT 367.45 439.10 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 392.62 439.10 Td (million ) Tj ET Q q 0 0 0 rg BT 424.18 439.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 467.37 439.10 Td (quarterly; ) Tj ET Q q 0 0 0 rg BT 508.91 439.10 Td (no ) Tj ET Q q 0 0 0 rg BT 521.58 439.10 Td (more ) Tj ET Q q 0 0 0 rg BT 544.80 439.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td ($500,000 ) Tj ET Q q 0 0 0 rg BT 90.00 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.27 427.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 131.65 427.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 151.37 427.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 174.97 427.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.67 427.10 Td (exceptions\); ) Tj ET Q q 0 0 0 rg BT 256.04 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.98 427.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 306.02 427.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 325.74 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.01 427.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 370.72 427.10 Td (net ) Tj ET Q q 0 0 0 rg BT 385.43 427.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 411.26 427.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 432.08 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.91 427.10 Td (no ) Tj ET Q q 0 0 0 rg BT 455.41 427.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 485.66 427.10 Td (than ) Tj ET Q q 0 0 0 rg BT 505.37 427.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 520.37 427.10 Td (: ) Tj ET Q q 0 0 0 rg BT 525.64 427.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 540.64 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.57 427.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.96 415.10 Td (char) Tj ET Q q 0 0 0 rg BT 89.98 415.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 101.83 415.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 140.33 415.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 161.07 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.47 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.55 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.74 415.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 221.81 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.55 415.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 262.71 415.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 277.63 415.10 Td (: ) Tj ET Q q 0 0 0 rg BT 282.82 415.10 Td (1.0. ) Tj ET Q q 0 0 0 rg BT 300.05 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 318.01 415.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 354.30 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.49 415.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 387.45 415.10 Td (char) Tj ET Q q 0 0 0 rg BT 404.47 415.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 416.32 415.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 454.82 415.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 475.55 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 484.63 415.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 527.57 415.10 Td (annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (using ) Tj ET Q q 0 0 0 rg BT 74.46 403.10 Td (EBITDAR ) Tj ET Q q 0 0 0 rg BT 120.58 403.10 Td (\(earnings ) Tj ET Q q 0 0 0 rg BT 160.58 403.10 Td (before ) Tj ET Q q 0 0 0 rg BT 188.91 403.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.14 403.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 258.64 403.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 284.48 403.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 339.19 403.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 392.52 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.75 403.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 435.30 403.10 Td (expense\) ) Tj ET Q q 0 0 0 rg BT 473.63 403.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 506.42 403.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.21 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.22 403.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 553.68 403.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (CPL) Tj ET Q q 0 0 0 rg BT 67.42 391.10 Td (TD ) Tj ET Q q 0 0 0 rg BT 82.96 391.10 Td (\(current ) Tj ET Q q 0 0 0 rg BT 116.80 391.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 147.90 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.43 391.10 Td (long ) Tj ET Q q 0 0 0 rg BT 178.41 391.10 Td (term ) Tj ET Q q 0 0 0 rg BT 198.94 391.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 224.19 391.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.83 391.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 290.24 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.88 391.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 331.85 391.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 368.60 391.10 Td (W) Tj ET Q q 0 0 0 rg BT 377.24 391.10 Td (e ) Tj ET Q q 0 0 0 rg BT 383.88 391.10 Td (were ) Tj ET Q q 0 0 0 rg BT 405.51 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.49 391.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 463.78 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 483.77 391.10 Td (all ) Tj ET Q q 0 0 0 rg BT 495.97 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.50 391.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.03 391.10 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 379.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.24 379.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 364.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.14 364.10 Td (computations ) Tj ET Q q 0 0 0 rg BT 180.52 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.35 364.10 Td (these ) Tj ET Q q 0 0 0 rg BT 214.40 364.10 Td (most ) Tj ET Q q 0 0 0 rg BT 236.35 364.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 278.83 364.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.31 364.10 Td (covenants:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 318.6 m 462.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 318.6 m 561.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 318.6 m 561.5 318.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.20 338.28 Td (Actual as of) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 321.71259765625 m 213.8505859375 321.71259765625 l s q 0 0 0 rg BT 52.00 323.28 Td (Covenants Measured at Quarter End:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.90 323.28 Td (Covenant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 324.33 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 308.27 Td (Tangible net worth minimum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 308.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 308.27 Td (20,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 308.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 308.27 Td (47,336,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 293.27 Td (Outside debt not to exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 293.27 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 293.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 278.27 Td (Maximum debt/tangible net worth ratio not to exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 278.27 Td (2.5 : 1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.20 278.27 Td (0.91 : 1.00) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 52 261.71259765625007 m 198.484375 261.71259765625007 l s q 0 0 0 rg BT 52.00 263.28 Td (Covenants Measured at Year End:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.27 Td (Earnings to fixed charge coverage ratio must equal or exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.20 248.27 Td (1.3 : 1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.90 248.27 Td (3.95 : 1:00) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 229.10 Td (ecast) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 214.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.95 214.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 107.69 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.90 214.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.54 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 157.42 214.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 179.73 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.04 214.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.69 214.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 242.78 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 265.10 214.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 309.63 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.94 214.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.58 214.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 389.88 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 408.32 214.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 441.74 214.10 Td (suf) Tj ET Q q 0 0 0 rg BT 453.78 214.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 482.20 214.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 502.84 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.49 214.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 542.46 214.10 Td (us ) Tj ET Q q 0 0 0 rg BT 554.23 214.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 71.92 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 87.73 202.10 Td (working ) Tj ET Q q 0 0 0 rg BT 123.54 202.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 152.67 202.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 180.42 202.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 200.12 202.10 Td (service ) Tj ET Q q 0 0 0 rg BT 230.92 202.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 285.60 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.52 202.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 336.66 202.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 365.79 202.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 421.87 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.01 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 445.71 202.10 Td (least ) Tj ET Q q 0 0 0 rg BT 466.52 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.21 202.10 Td (next ) Tj ET Q q 0 0 0 rg BT 500.91 202.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 530.05 202.10 Td (months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 190.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 100.49 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.30 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.10 190.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 161.23 190.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 190.36 190.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 243.92 190.10 Td (will ) Tj ET Q q 0 0 0 rg BT 261.96 190.10 Td (depend, ) Tj ET Q q 0 0 0 rg BT 295.81 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.06 190.10 Td (some ) Tj ET Q q 0 0 0 rg BT 329.64 190.10 Td (extent, ) Tj ET Q q 0 0 0 rg BT 359.05 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 371.53 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.22 190.10 Td (results ) Tj ET Q q 0 0 0 rg BT 414.80 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.60 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.41 190.10 Td (future ) Tj ET Q q 0 0 0 rg BT 467.76 190.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 523.26 190.10 Td (However) Tj ET Q q 0 0 0 rg BT 559.51 190.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.73 178.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 102.28 178.10 Td (results ) Tj ET Q q 0 0 0 rg BT 130.78 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.51 178.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.57 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.41 178.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 222.58 178.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 249.70 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.43 178.10 Td (well ) Tj ET Q q 0 0 0 rg BT 280.04 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.77 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.50 178.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 334.46 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.63 178.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 364.80 178.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.19 178.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 449.86 178.10 Td (may ) Tj ET Q q 0 0 0 rg BT 469.47 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.31 178.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 525.36 178.10 Td (impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.08 166.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 93.38 166.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 136.74 166.10 Td (but ) Tj ET Q q 0 0 0 rg BT 152.60 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.46 166.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 199.88 166.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 213.52 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.04 166.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 253.00 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.86 166.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 298.60 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.35 166.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 353.07 166.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 405.59 166.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 443.38 166.10 Td (general ) Tj ET Q q 0 0 0 rg BT 475.89 166.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 517.84 166.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (heightened ) Tj ET Q q 0 0 0 rg BT 96.37 154.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 149.14 154.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 196.63 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.46 154.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 259.39 154.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 301.04 154.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 341.29 154.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 373.23 154.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 397.10 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.04 154.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 447.08 154.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 481.23 154.10 Td (conditions.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.40 742.25 Td (REPOR) Tj ET Q q 0 0 0 rg BT 170.05 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.54 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 192.55 742.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 267.66 742.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 377.97 742.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 718.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 94.99 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 718.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 145.52 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.46 718.25 Td (Stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 700.25 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 108.87 700.25 Td (Corporation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 682.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.94 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 85.68 682.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 116.97 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.05 682.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 191.22 682.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 243.63 682.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 276.02 682.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 302.32 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.38 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 329.79 682.25 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 369.97 682.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 420.16 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.46 682.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 485.54 682.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.73 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.92 682.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.48 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.39 670.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.37 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.29 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.98 670.25 Td (related ) Tj ET Q q 0 0 0 rg BT 175.66 670.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 228.68 670.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 273.37 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.17 670.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 318.58 670.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.83 670.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 363.53 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.44 670.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 433.58 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.06 670.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 463.53 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.67 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.36 670.25 Td (years ) Tj ET Q q 0 0 0 rg BT 515.93 670.25 Td (then ) Tj ET Q q 0 0 0 rg BT 535.63 670.25 Td (ended. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.25 658.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.17 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.52 658.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 211.10 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 225.68 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.27 658.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 297.09 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.79 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.38 658.25 Td (Company) Tj ET Q q 0 0 0 rg BT 364.05 658.25 Td (s ) Tj ET Q q 0 0 0 rg BT 370.31 658.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 426.27 658.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 444.20 658.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 501.02 658.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.06 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.21 658.25 Td (express ) Tj ET Q q 0 0 0 rg BT 552.57 658.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 83.06 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 95.56 646.25 Td (these ) Tj ET Q q 0 0 0 rg BT 118.60 646.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 171.65 646.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.13 646.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 253.84 646.25 Td (based ) Tj ET Q q 0 0 0 rg BT 279.11 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.61 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.44 646.25 Td (audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 628.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.72 628.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 109.45 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.42 628.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 151.95 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.37 628.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 209.98 628.25 Td (with ) Tj ET Q q 0 0 0 rg BT 230.40 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 628.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 285.66 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.64 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.49 628.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 339.69 628.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.64 628.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 429.93 628.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 472.01 628.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 499.09 628.25 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.28 628.25 Td (States\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 76.69 616.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 116.71 616.25 Td (require ) Tj ET Q q 0 0 0 rg BT 147.28 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 164.52 616.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.43 616.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 197.90 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.59 616.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 249.05 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.52 616.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 285.76 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.79 616.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 323.04 616.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 368.04 616.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 409.16 616.25 Td (about ) Tj ET Q q 0 0 0 rg BT 433.63 616.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 468.09 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.55 616.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 616.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.66 604.25 Td (free ) Tj ET Q q 0 0 0 rg BT 82.64 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.42 604.25 Td (material ) Tj ET Q q 0 0 0 rg BT 128.63 604.25 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 185.80 604.25 Td (An ) Tj ET Q q 0 0 0 rg BT 200.48 604.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 222.92 604.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 258.69 604.25 Td (examining, ) Tj ET Q q 0 0 0 rg BT 305.85 604.25 Td (on ) Tj ET Q q 0 0 0 rg BT 318.30 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.19 604.25 Td (test ) Tj ET Q q 0 0 0 rg BT 341.52 604.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 366.47 604.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 404.45 604.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 449.68 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.35 604.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 500.68 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.57 604.25 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.00 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.44 592.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.64 592.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 161.87 592.25 Td (An ) Tj ET Q q 0 0 0 rg BT 177.31 592.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 200.53 592.25 Td (also ) Tj ET Q q 0 0 0 rg BT 219.86 592.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 256.41 592.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 296.85 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.29 592.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 359.39 592.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 402.04 592.25 Td (used ) Tj ET Q q 0 0 0 rg BT 423.60 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.26 592.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.69 592.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 527.13 592.25 Td (made ) Tj ET Q q 0 0 0 rg BT 552.00 592.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 106.33 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 117.39 580.25 Td (well ) Tj ET Q q 0 0 0 rg BT 137.35 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 148.41 580.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 192.80 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.75 580.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.25 580.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.97 580.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 317.03 580.25 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 370.94 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 379.58 580.25 Td (e ) Tj ET Q q 0 0 0 rg BT 386.75 580.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 418.36 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 436.09 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.16 580.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 478.78 580.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.07 580.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.24 580.25 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.50 568.25 Td (for ) Tj ET Q q 0 0 0 rg BT 86.66 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.49 568.25 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.39 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.77 550.25 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.88 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.16 550.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.75 550.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.79 550.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 259.06 550.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 292.75 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.58 550.25 Td (above ) Tj ET Q q 0 0 0 rg BT 328.52 550.25 Td (present ) Tj ET Q q 0 0 0 rg BT 359.45 550.25 Td (fairly) Tj ET Q q 0 0 0 rg BT 380.45 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.01 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.84 550.25 Td (all ) Tj ET Q q 0 0 0 rg BT 406.89 550.25 Td (material ) Tj ET Q q 0 0 0 rg BT 441.71 550.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 478.47 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.74 550.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 529.78 550.25 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.61 538.25 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 120.91 538.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 172.21 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.63 538.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 239.82 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 251.12 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.43 538.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.49 538.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 344.46 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.88 538.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 387.35 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.76 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.96 538.25 Td (results ) Tj ET Q q 0 0 0 rg BT 449.04 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.35 538.25 Td (their ) Tj ET Q q 0 0 0 rg BT 481.65 538.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 526.28 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.69 538.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 526.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.99 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 109.15 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.87 526.25 Td (years ) Tj ET Q q 0 0 0 rg BT 147.47 526.25 Td (then ) Tj ET Q q 0 0 0 rg BT 167.18 526.25 Td (ended, ) Tj ET Q q 0 0 0 rg BT 196.06 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.34 526.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 253.27 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 273.55 526.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 293.83 526.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 333.54 526.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 371.01 526.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 417.38 526.25 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.00 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.00 476.25 Td ( ) Tj ET Q /GS0 gs q 100.00 0 0 21.00 374.00 476.25 cm /I3 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (Orlando, ) Tj ET Q q 0 0 0 rg BT 87.77 440.25 Td (Florida) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (March15, ) Tj ET Q q 0 0 0 rg BT 93.60 422.25 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.25 Td (Certified ) Tj ET Q q 0 0 0 rg BT 88.04 404.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 115.55 404.25 Td (Accountants) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 742.25 Td (THE GOLDFIELD CORPORA) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 340.35 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 730.25 Td (TED BALANCE SHEETS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 693.75 m 493.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.75 m 493.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 533.75 m 493.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.75 m 562.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 507.75 m 493.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 507.75 m 562.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 401.75 m 493.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 388.75 m 493.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 401.75 m 562.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 388.75 m 562.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 376.75 m 493.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 374.75 m 493.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 376.75 m 562.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 374.75 m 562.5 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 284.75 m 493.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 284.75 m 562.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 219.75 m 493.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 219.75 m 493.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 206.75 m 493.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 206.75 m 562.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 105.75 m 493.5 105.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 105.75 m 562.5 105.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 92.75 m 493.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 92.75 m 562.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 80.75 m 493.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 78.75 m 493.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 80.75 m 562.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 78.75 m 562.5 78.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 711.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.90 710.48 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 698.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 697.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 697.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.35 684.48 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.32 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 658.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 658.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 658.32 Td (20,599,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 658.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 658.32 Td (11,374,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 644.42 Td (Accounts receivable and accrued billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 644.42 Td (19,094,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 644.42 Td (17,250,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 630.32 Td (Costs and estimated earnings in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 630.32 Td (7,313,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 630.32 Td (10,292,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 616.42 Td (Income taxes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 616.42 Td (533,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 616.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 602.32 Td (Current portion of notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 602.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 602.32 Td (47,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 589.32 Td (Residential properties under construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 589.32 Td (1,552,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 589.32 Td (145,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 576.32 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 576.32 Td (1,037,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 576.32 Td (1,210,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 563.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 563.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 563.32 Td (773,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 550.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 550.32 Td (1,298,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 550.32 Td (1,140,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 537.32 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 537.32 Td (51,428,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 537.32 Td (42,234,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 519.32 Td (Property) Tj ET Q q 0 0 0 rg BT 86.79 519.32 Td (, ) Tj ET Q q 0 0 0 rg BT 91.53 519.32 Td (buildings ) Tj ET Q q 0 0 0 rg BT 131.00 519.32 Td (and ) Tj ET Q q 0 0 0 rg BT 147.68 519.32 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 194.64 519.32 Td (at ) Tj ET Q q 0 0 0 rg BT 204.10 519.32 Td (cost, ) Tj ET Q q 0 0 0 rg BT 224.95 519.32 Td (net ) Tj ET Q q 0 0 0 rg BT 239.41 519.32 Td (of ) Tj ET Q q 0 0 0 rg BT 249.98 519.32 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 302.75 519.32 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 354.41 519.32 Td (of ) Tj ET Q q 0 0 0 rg BT 364.98 519.32 Td ($33,140,214 ) Tj ET Q q 0 0 0 rg BT 417.23 519.32 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.37 Td (2016 ) Tj ET Q q 0 0 0 rg BT 75.50 509.37 Td (and ) Tj ET Q q 0 0 0 rg BT 92.44 509.37 Td ($28,653,138 ) Tj ET Q q 0 0 0 rg BT 144.94 509.37 Td (in ) Tj ET Q q 0 0 0 rg BT 155.22 509.37 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 512.42 Td (33,245,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 512.42 Td (34,671,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.42 Td (Deferred charges and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 483.32 Td (Land and land development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 483.32 Td (4,930,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 483.32 Td (2,417,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 470.32 Td (Cash surrender value of life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 470.32 Td (550,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 470.32 Td (549,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 457.32 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 457.32 Td (173,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 457.32 Td (307,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 444.32 Td (Notes receivable, less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 444.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 444.32 Td (8,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 431.32 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 431.32 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 431.32 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 418.32 Td (Intangibles, net of accumulated amortization of $201,634 in 2016 and $140,134 in 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 418.32 Td (812,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 418.32 Td (873,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 405.32 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 405.32 Td (59,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 392.32 Td (Total deferred charges and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 392.32 Td (6,627,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 392.32 Td (4,257,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 379.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 379.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 379.32 Td (91,302,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 379.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 379.32 Td (81,163,607) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.10 366.48 Td (LIABILITIES AND STOCKHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.32 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.32 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 340.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 340.32 Td (11,386,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 340.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 340.32 Td (10,067,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 327.32 Td (Billings in excess of costs and estimated earnings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 327.32 Td (845,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 327.32 Td (234,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 314.32 Td (Current portion of notes payable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 314.32 Td (6,101,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 314.32 Td (5,815,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 301.32 Td (Income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 301.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 301.32 Td (483,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 288.32 Td (Accrued remediation costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 288.32 Td (102,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 288.32 Td (135,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 275.32 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 275.32 Td (18,435,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 275.32 Td (16,736,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 262.32 Td (8,204,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 262.32 Td (8,328,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.32 Td (Accrued remediation costs, less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 249.32 Td (112,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 249.32 Td (107,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.32 Td (Notes payable, less current portion, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 236.32 Td (16,231,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 236.32 Td (20,656,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.32 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 223.32 Td (67,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 223.32 Td (83,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 210.32 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 210.32 Td (43,051,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 210.32 Td (45,912,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 197.32 Td (Commitments and contingencies \(notes 4, 7 and 8\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 479.65 197.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 1 1 1 rg BT 548.65 197.32 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 184.32 Td (Stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 171.32 Td (Preferred stock, $1 par value, 5,000,000 shares authorized, none issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 158.32 Td (Common ) Tj ET Q q 0 0 0 rg BT 111.10 158.32 Td (stock, ) Tj ET Q q 0 0 0 rg BT 137.59 158.32 Td ($.10 ) Tj ET Q q 0 0 0 rg BT 157.97 158.32 Td (par ) Tj ET Q q 0 0 0 rg BT 173.62 158.32 Td (value, ) Tj ET Q q 0 0 0 rg BT 200.65 158.32 Td (40,000,000 ) Tj ET Q q 0 0 0 rg BT 248.53 158.32 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.40 158.32 Td (authorized; ) Tj ET Q q 0 0 0 rg BT 324.26 158.32 Td (27,813,772 ) Tj ET Q q 0 0 0 rg BT 372.14 158.32 Td (shares ) Tj ET Q q 0 0 0 rg BT 400.00 158.32 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 148.32 Td (and ) Tj ET Q q 0 0 0 rg BT 87.94 148.32 Td (25,451,354 ) Tj ET Q q 0 0 0 rg BT 135.44 148.32 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.93 148.32 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 149.42 Td (2,781,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 149.42 Td (2,781,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 135.32 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 135.32 Td (18,481,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 135.32 Td (18,481,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 122.32 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 122.32 Td (28,295,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 122.32 Td (15,295,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 109.32 Td (Treasury stock, 2,362,418 shares, at cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 109.37 Td (\(1,308,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 109.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.30 109.37 Td (\(1,308,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 109.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 96.32 Td (Total stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 96.32 Td (48,250,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 96.32 Td (35,250,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 83.32 Td (Total liabilities and stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 83.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 83.32 Td (91,302,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 83.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 83.32 Td (81,163,607) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.80 59.25 Td (See accompanying notes to consolidated financial statements) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 742.25 Td (THE GOLDFIELD CORPORA) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 340.35 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.75 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 260.57 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 295.13 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 301.60 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 366.52 730.25 Td ( INCOME) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 719.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 684.95 m 492.5 684.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 684.95 m 561.5 684.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 642.95 m 492.5 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 642.95 m 561.5 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.95 m 492.5 628.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.95 m 561.5 628.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 544.95 m 492.5 544.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 544.95 m 561.5 544.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 530.95 m 492.5 530.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 530.95 m 561.5 530.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 516.95 m 492.5 516.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 516.95 m 561.5 516.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 460.95 m 492.5 460.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 460.95 m 561.5 460.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 446.95 m 492.5 446.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 446.95 m 561.5 446.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 418.95 m 492.5 418.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 418.95 m 561.5 418.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 379.95 m 492.5 379.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 379.95 m 561.5 379.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 366.95 m 492.5 366.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 364.95 m 492.5 364.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 366.95 m 561.5 366.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 364.95 m 561.5 364.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 323.95 m 492.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 323.95 m 561.5 323.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 309.95 m 492.5 309.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 307.95 m 492.5 307.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 309.95 m 561.5 309.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 307.95 m 561.5 307.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 307.95 m 492.5 307.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 309.95 m 492.5 309.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 291.95 m 492.5 291.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 289.95 m 492.5 289.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 307.95 m 561.5 307.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 309.95 m 561.5 309.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 291.95 m 561.5 291.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 289.95 m 561.5 289.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 700.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.60 699.68 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 688.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 687.68 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 687.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.52 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 661.52 Td (Electrical construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 661.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 661.52 Td (125,771,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 661.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 661.52 Td (119,616,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 647.52 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 647.52 Td (4,652,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 647.52 Td (954,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 633.52 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 633.52 Td (130,423,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 633.52 Td (120,571,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 619.52 Td (Costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 605.52 Td (Electrical construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 605.52 Td (93,566,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 605.52 Td (99,726,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 591.52 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 591.52 Td (3,242,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 591.52 Td (785,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 577.52 Td (Selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 577.52 Td (5,913,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 577.52 Td (4,747,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 563.52 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 563.52 Td (6,312,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 563.52 Td (6,559,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 549.52 Td (Gain on sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 549.57 Td (\(17,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 549.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 549.57 Td (\(22,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 549.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 535.52 Td (Total costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 535.52 Td (109,016,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 535.52 Td (111,796,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 521.52 Td (Total operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 521.52 Td (21,406,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 521.52 Td (8,775,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.52 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 493.52 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 493.52 Td (33,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 493.52 Td (20,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 479.52 Td (Interest expense, net of amount capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 479.57 Td (\(591,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 479.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 479.57 Td (\(667,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 479.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 465.52 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 465.52 Td (68,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 465.52 Td (75,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 451.52 Td (Total other expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 451.57 Td (\(489,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 451.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 451.57 Td (\(570,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 451.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 437.52 Td (Income from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 437.52 Td (20,917,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 437.52 Td (8,204,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 423.52 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 423.52 Td (7,809,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 423.52 Td (3,378,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 409.52 Td (Income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 409.52 Td (13,107,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 409.52 Td (4,825,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.62 Td (Loss from discontinued operations, net of income tax benefit of $66,077 in 2016 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 384.62 Td ($200,759 in 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 384.67 Td (\(108,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 384.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 384.67 Td (\(332,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 384.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 370.52 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 370.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 370.52 Td (12,999,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 370.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 370.52 Td (4,493,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 356.52 Td (Net income \(loss\) per share of common stock basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 342.52 Td (Continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 342.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 342.52 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 342.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 342.52 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 328.52 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 328.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 328.57 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 328.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 313.62 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 313.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 313.62 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 313.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 313.62 Td (0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 295.62 Td (Weighted average shares outstanding basic and diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 295.62 Td (25,451,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 295.62 Td (25,451,354) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.80 270.45 Td (See accompanying notes to consolidated financial statements) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 742.25 Td (THE GOLDFIELD CORPORA) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 340.35 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 730.25 Td ( CASH FLOWS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.32 730.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 696.75 m 492.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 696.75 m 561.5 696.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 421.75 m 492.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 421.75 m 561.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 406.75 m 492.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 406.75 m 561.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 354.75 m 492.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 341.75 m 492.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 354.75 m 561.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 341.75 m 561.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 276.75 m 492.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 276.75 m 561.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 276.75 m 492.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 263.75 m 492.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 276.75 m 561.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 263.75 m 561.5 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 237.75 m 492.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 237.75 m 561.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 225.75 m 492.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 223.75 m 492.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 225.75 m 561.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 223.75 m 561.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 199.75 m 492.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 197.75 m 492.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 199.75 m 561.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 197.75 m 561.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 186.75 m 492.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 184.75 m 492.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 197.75 m 561.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 199.75 m 561.5 199.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 186.75 m 561.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 184.75 m 561.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 160.75 m 492.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 158.75 m 492.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 160.75 m 561.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 158.75 m 561.5 158.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 130.00 711.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.60 710.48 Td (Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 699.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 698.53 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 698.53 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 687.32 Td (Cash flows from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 674.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 674.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 674.32 Td (12,999,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 674.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 674.32 Td (4,493,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.32 Td (Adjustments to reconcile net income to net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 648.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 648.32 Td (6,312,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 648.32 Td (6,559,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 635.32 Td (Amortization of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 635.32 Td (23,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 635.32 Td (51,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 622.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 622.32 Td (649,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 622.32 Td (1,841,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 609.32 Td (Gain on sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 609.37 Td (\(17,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 609.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 609.37 Td (\(22,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 609.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 596.32 Td (Other gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 596.37 Td (\(1,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 596.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 596.37 Td (\(3,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 596.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 583.32 Td (Changes in operating assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 570.32 Td (Accounts receivable and accrued billings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 570.37 Td (\(1,844,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 570.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 570.32 Td (590,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 557.32 Td (Costs and estimated earnings in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 557.32 Td (2,979,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 557.37 Td (\(3,754,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 557.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 544.32 Td (Residential properties under construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 544.37 Td (\(1,406,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 544.37 Td (\(145,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 531.32 Td (Income taxes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 531.37 Td (\(533,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 531.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 531.32 Td (763,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 518.32 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 518.37 Td (\(43,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 518.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 518.37 Td (\(1,503,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 518.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 505.32 Td (Land and land development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 505.37 Td (\(2,513,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 505.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 505.32 Td (147,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 492.32 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 492.32 Td (134,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 492.32 Td (259,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 479.32 Td (Income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 479.37 Td (\(483,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 479.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 479.32 Td (483,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 466.32 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 466.32 Td (1,286,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 466.32 Td (414,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 452.42 Td (Contract loss accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 452.47 Td (\(65,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 452.47 Td (\(2,482,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 438.32 Td (Billings in excess of costs and estimated earnings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 438.32 Td (610,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 438.37 Td (\(1,303,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 438.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 425.32 Td (Accrued remediation costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 425.37 Td (\(28,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 425.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 425.37 Td (\(820,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 411.42 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 411.42 Td (18,057,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 411.42 Td (5,567,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.32 Td (Cash flows from investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 384.32 Td (Proceeds from disposal of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 384.32 Td (263,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 384.32 Td (1,796,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 371.32 Td (Proceeds from notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 371.32 Td (56,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 371.32 Td (47,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 358.32 Td (Purchases of property, buildings and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 358.37 Td (\(4,989,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 358.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 358.37 Td (\(5,997,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 358.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 345.32 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 345.37 Td (\(4,669,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 345.37 Td (\(4,153,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 345.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 332.32 Td (Cash flows from financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 319.32 Td (Proceeds from notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 319.32 Td (4,700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 319.32 Td (24,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 306.32 Td (Repayments on notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 306.37 Td (\(8,840,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 306.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 306.37 Td (\(21,056,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 306.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 293.32 Td (Installment loan repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 293.37 Td (\(3,259,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 293.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 280.32 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 280.37 Td (\(21,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 280.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 280.37 Td (\(46,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 280.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 267.32 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 267.37 Td (\(4,162,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 267.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 267.32 Td (137,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 254.32 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 254.32 Td (9,225,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 254.32 Td (1,552,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.32 Td (Cash and cash equivalents at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 241.32 Td (11,374,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 241.32 Td (9,822,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 228.32 Td (Cash and cash equivalents at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 228.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 228.32 Td (20,599,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 228.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 228.32 Td (11,374,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 215.32 Td (Supplemental disclosure of cash flow information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 202.32 Td (Interest paid, net of amounts capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 202.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 202.32 Td (548,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 202.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 202.32 Td (652,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 189.32 Td (Income taxes paid, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 189.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 189.32 Td (8,112,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 189.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 189.32 Td (88,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 176.32 Td (Supplemental disclosure of non-cash investing and financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 163.32 Td (Liability for equipment acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 163.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 163.32 Td (165,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 163.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 163.32 Td (84,361) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.80 139.25 Td (See accompanying notes to consolidated financial statements) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 742.25 Td (THE GOLDFIELD CORPORA) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 340.35 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.90 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 217.72 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 252.28 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 258.75 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 323.67 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 338.22 730.25 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 412.49 730.25 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.35 718.25 Td (YEARS ENDED DECEMBER31, 2016 ) Tj ET Q q 0 0 0 rg BT 369.48 718.25 Td (AND 2015 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 707.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 683.95 m 236.5 683.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 683.95 m 240.5 683.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 683.95 m 297.5 683.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 670.95 m 236.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 670.95 m 297.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 670.95 m 361.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 670.95 m 433.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 670.95 m 497.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 670.95 m 561.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 670.95 m 236.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 670.95 m 297.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 670.95 m 361.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 670.95 m 433.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 670.95 m 497.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 670.95 m 561.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 630.95 m 236.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 630.95 m 297.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 630.95 m 361.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 630.95 m 433.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 630.95 m 497.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 630.95 m 561.5 630.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 590.95 m 236.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 590.95 m 297.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 590.95 m 361.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 590.95 m 433.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 590.95 m 497.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 590.95 m 561.5 590.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 566.95 m 236.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 564.95 m 236.5 564.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 566.95 m 297.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 564.95 m 297.5 564.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 566.95 m 361.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 564.95 m 361.5 564.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 566.95 m 433.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 564.95 m 433.5 564.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 566.95 m 497.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 564.95 m 497.5 564.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 566.95 m 561.5 566.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 564.95 m 561.5 564.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 688.18 Td (Common stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.75 689.03 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.75 681.03 Td (paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.40 673.08 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 675.18 Td (Retained earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.55 683.18 Td (Treasury) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.10 675.18 Td (stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 689.03 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.40 681.03 Td (stockholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.30 673.08 Td (equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 675.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.00 675.18 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.45 675.18 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 660.62 Td (Balance as of December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.62 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.60 650.62 Td (27,813,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 650.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 650.62 Td (2,781,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 650.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.60 650.62 Td (18,481,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 650.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 650.62 Td (10,802,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 650.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 650.67 Td (\(1,308,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 650.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 650.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 650.62 Td (30,757,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.62 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 635.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 635.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 635.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 635.62 Td (4,493,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 635.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 635.62 Td (4,493,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 620.62 Td (Balance as of December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 610.62 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.60 610.62 Td (27,813,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 610.62 Td (2,781,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.60 610.62 Td (18,481,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 610.62 Td (15,295,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 610.67 Td (\(1,308,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 610.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 610.62 Td (35,250,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 595.62 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 595.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 595.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 595.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 595.62 Td (12,999,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 595.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 595.62 Td (12,999,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 580.62 Td (Balance as of December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 570.62 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.60 570.62 Td (27,813,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 570.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 570.62 Td (2,781,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 570.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.60 570.62 Td (18,481,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 570.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 570.62 Td (28,295,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 570.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.30 570.67 Td (\(1,308,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 570.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 570.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 570.62 Td (48,250,562) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.80 545.45 Td (See accompanying notes to consolidated financial statements) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.90 742.25 Td (THE GOLDFIELD CORPORA) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 340.35 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 730.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 730.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 730.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 730.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.30 718.25 Td (DECEMBER31, 2016 ) Tj ET Q q 0 0 0 rg BT 332.53 718.25 Td (AND 2015 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 703.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 79.99 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 703.25 Td (Organization ) Tj ET Q q 0 0 0 rg BT 146.66 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.28 703.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 210.00 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.83 703.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 268.90 703.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 320.29 703.25 Td (Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 673.25 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 108.04 673.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 158.44 673.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 176.07 673.25 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 229.25 673.25 Td (was ) Tj ET Q q 0 0 0 rg BT 246.88 673.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 299.50 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.21 673.25 Td (W) Tj ET Q q 0 0 0 rg BT 318.05 673.25 Td (yoming ) Tj ET Q q 0 0 0 rg BT 350.69 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.55 673.25 Td (1906 ) Tj ET Q q 0 0 0 rg BT 382.63 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.15 673.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 453.45 673.25 Td (reincorporated ) Tj ET Q q 0 0 0 rg BT 513.83 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.69 673.25 Td (Delaware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 661.25 Td (1968. ) Tj ET Q q 0 0 0 rg BT 83.13 661.25 Td (The ) Tj ET Q q 0 0 0 rg BT 100.15 661.25 Td (Company) Tj ET Q q 0 0 0 rg BT 141.81 661.25 Td (s ) Tj ET Q q 0 0 0 rg BT 147.18 661.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 184.20 661.25 Td (line ) Tj ET Q q 0 0 0 rg BT 200.67 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.48 661.25 Td (business ) Tj ET Q q 0 0 0 rg BT 245.85 661.25 Td (is ) Tj ET Q q 0 0 0 rg BT 254.00 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.69 661.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 318.60 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.41 661.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 366.52 661.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 421.86 661.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.00 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.69 661.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 474.06 661.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 508.32 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.23 661.25 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 94.71 649.25 Td (The ) Tj ET Q q 0 0 0 rg BT 112.05 649.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 149.38 649.25 Td (market ) Tj ET Q q 0 0 0 rg BT 178.94 649.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.39 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.40 649.25 Td (Company) Tj ET Q q 0 0 0 rg BT 248.06 649.25 Td (s ) Tj ET Q q 0 0 0 rg BT 253.75 649.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 292.18 649.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 343.40 649.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 382.96 649.25 Td (is ) Tj ET Q q 0 0 0 rg BT 391.42 649.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 430.42 649.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.99 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.00 649.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 494.68 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 649.25 Td (mid-Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 81.94 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.77 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.49 637.25 Td (United ) Tj ET Q q 0 0 0 rg BT 137.20 637.25 Td (States ) Tj ET Q q 0 0 0 rg BT 163.59 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.35 637.25 Td (T) Tj ET Q q 0 0 0 rg BT 185.76 637.25 Td (exas. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.73 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.56 622.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 128.63 622.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 172.24 622.25 Td (Presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 607.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 127.94 607.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.53 607.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.55 607.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 261.81 607.25 Td (include ) Tj ET Q q 0 0 0 rg BT 293.29 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.55 607.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 344.58 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.95 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.21 607.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.14 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.62 607.25 Td (its ) Tj ET Q q 0 0 0 rg BT 438.11 607.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 497.92 607.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 549.23 607.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.71 595.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 152.19 595.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 189.68 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.62 595.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 256.88 595.25 Td (have ) Tj ET Q q 0 0 0 rg BT 278.26 595.25 Td (been ) Tj ET Q q 0 0 0 rg BT 299.63 595.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 344.34 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.62 595.25 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 580.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.74 580.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 143.46 580.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 192.76 580.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 234.85 580.25 Td (Updates ) Tj ET Q q 0 0 0 rg BT 270.27 580.25 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 307.88 580.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 330.54 580.25 Td (201) Tj ET Q q 0 0 0 rg BT 345.17 580.25 Td (1-05 ) Tj ET Q q 0 0 0 rg BT 366.15 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.65 580.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 405.31 580.25 Td (201) Tj ET Q q 0 0 0 rg BT 419.94 580.25 Td (1-12, ) Tj ET Q q 0 0 0 rg BT 443.42 580.25 Td (which ) Tj ET Q q 0 0 0 rg BT 470.51 580.25 Td (require ) Tj ET Q q 0 0 0 rg BT 501.48 580.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.56 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.47 568.25 Td (be ) Tj ET Q q 0 0 0 rg BT 103.04 568.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 138.49 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.40 568.25 Td (either ) Tj ET Q q 0 0 0 rg BT 173.30 568.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.87 568.25 Td (single ) Tj ET Q q 0 0 0 rg BT 205.88 568.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 246.34 568.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.80 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.71 568.25 Td (two ) Tj ET Q q 0 0 0 rg BT 283.84 568.25 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 333.17 568.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 377.51 568.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 416.30 568.25 Td (net ) Tj ET Q q 0 0 0 rg BT 430.65 568.25 Td (income ) Tj ET Q q 0 0 0 rg BT 462.21 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.78 568.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.46 568.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 85.11 556.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.08 556.25 Td (amendment ) Tj ET Q q 0 0 0 rg BT 154.16 556.25 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 198.68 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.33 556.25 Td (option ) Tj ET Q q 0 0 0 rg BT 243.31 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.51 556.25 Td (report ) Tj ET Q q 0 0 0 rg BT 281.81 556.25 Td (other ) Tj ET Q q 0 0 0 rg BT 305.79 556.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 369.74 556.25 Td (income ) Tj ET Q q 0 0 0 rg BT 402.60 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.47 556.25 Td (its ) Tj ET Q q 0 0 0 rg BT 433.34 556.25 Td (components ) Tj ET Q q 0 0 0 rg BT 485.09 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.29 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.94 556.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 553.68 556.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.31 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.19 544.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 147.32 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.42 544.25 Td (equity) Tj ET Q q 0 0 0 rg BT 173.77 544.25 Td (. ) Tj ET Q q 0 0 0 rg BT 178.37 544.25 Td (However) Tj ET Q q 0 0 0 rg BT 214.62 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.22 544.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 281.85 544.25 Td (income ) Tj ET Q q 0 0 0 rg BT 313.39 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 322.16 544.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 365.91 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.79 544.25 Td (net ) Tj ET Q q 0 0 0 rg BT 390.11 544.25 Td (income ) Tj ET Q q 0 0 0 rg BT 421.64 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.40 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.72 544.25 Td (Company) Tj ET Q q 0 0 0 rg BT 487.96 544.25 Td (, ) Tj ET Q q 0 0 0 rg BT 492.56 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.10 544.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 549.79 544.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 532.25 Td (s ) Tj ET Q q 0 0 0 rg BT 98.06 532.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 158.87 532.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.35 532.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 241.06 532.25 Td (do ) Tj ET Q q 0 0 0 rg BT 253.56 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 268.84 532.25 Td (include ) Tj ET Q q 0 0 0 rg BT 300.77 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.71 532.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 350.20 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.03 532.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 386.30 532.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 451.56 532.25 Td (Income.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.62 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.68 517.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 115.31 517.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.72 502.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.77 502.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 148.71 502.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 176.44 502.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 201.94 502.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 251.88 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.83 502.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 313.99 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.49 502.25 Td (three ) Tj ET Q q 0 0 0 rg BT 346.65 502.25 Td (months ) Tj ET Q q 0 0 0 rg BT 378.26 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.76 502.25 Td (less ) Tj ET Q q 0 0 0 rg BT 405.93 502.25 Td (when ) Tj ET Q q 0 0 0 rg BT 429.76 502.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 472.47 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.42 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 494.02 502.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 513.96 502.25 Td (equivalents.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 95.83 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.56 487.25 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 149.92 487.25 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.47 472.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 111.92 472.25 Td (for ) Tj ET Q q 0 0 0 rg BT 126.50 472.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 163.30 472.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 201.21 472.25 Td (is ) Tj ET Q q 0 0 0 rg BT 210.79 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.93 472.25 Td (Company) Tj ET Q q 0 0 0 rg BT 267.60 472.25 Td (s ) Tj ET Q q 0 0 0 rg BT 274.41 472.25 Td (best ) Tj ET Q q 0 0 0 rg BT 293.43 472.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 329.67 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.92 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.06 472.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 388.97 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.22 472.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 438.13 472.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 463.81 472.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 490.62 472.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.32 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 472.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 472.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.50 460.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 120.33 460.25 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 165.62 460.25 Td (The ) Tj ET Q q 0 0 0 rg BT 183.00 460.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.73 460.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 269.44 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.50 460.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 325.87 460.25 Td (based ) Tj ET Q q 0 0 0 rg BT 350.48 460.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.32 460.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 400.81 460.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 433.75 460.25 Td (information ) Tj ET Q q 0 0 0 rg BT 482.80 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.08 460.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 538.13 460.25 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 448.25 Td (f ) Tj ET Q q 0 0 0 rg BT 63.68 448.25 Td (experience. ) Tj ET Q q 0 0 0 rg BT 111.52 448.25 Td (The ) Tj ET Q q 0 0 0 rg BT 129.27 448.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.35 448.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 203.65 448.25 Td (its ) Tj ET Q q 0 0 0 rg BT 215.30 448.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 258.03 448.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.89 448.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 307.98 448.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 345.16 448.25 Td (quarterly) Tj ET Q q 0 0 0 rg BT 380.61 448.25 Td (. ) Tj ET Q q 0 0 0 rg BT 384.82 448.25 Td (Account ) Tj ET Q q 0 0 0 rg BT 420.90 448.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 457.52 448.25 Td (are ) Tj ET Q q 0 0 0 rg BT 471.93 448.25 Td (char) Tj ET Q q 0 0 0 rg BT 488.96 448.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 505.59 448.25 Td (of) Tj ET Q q 0 0 0 rg BT 513.74 448.25 Td (f ) Tj ET Q q 0 0 0 rg BT 519.27 448.25 Td (against ) Tj ET Q q 0 0 0 rg BT 549.80 448.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.03 436.25 Td (after ) Tj ET Q q 0 0 0 rg BT 111.84 436.25 Td (all ) Tj ET Q q 0 0 0 rg BT 123.33 436.25 Td (means ) Tj ET Q q 0 0 0 rg BT 150.37 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.19 436.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 201.11 436.25 Td (have ) Tj ET Q q 0 0 0 rg BT 221.48 436.25 Td (been ) Tj ET Q q 0 0 0 rg BT 241.86 436.25 Td (exhausted ) Tj ET Q q 0 0 0 rg BT 283.33 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.27 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.98 436.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 349.46 436.25 Td (for ) Tj ET Q q 0 0 0 rg BT 362.62 436.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 399.09 436.25 Td (is ) Tj ET Q q 0 0 0 rg BT 407.25 436.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 452.06 436.25 Td (remote. ) Tj ET Q q 0 0 0 rg BT 483.49 436.25 Td (As ) Tj ET Q q 0 0 0 rg BT 496.10 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.92 436.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.60 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.65 424.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.75 424.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 137.35 424.25 Td (its ) Tj ET Q q 0 0 0 rg BT 149.41 424.25 Td (review) Tj ET Q q 0 0 0 rg BT 175.96 424.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.07 424.25 Td (management ) Tj ET Q q 0 0 0 rg BT 234.76 424.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 282.35 424.25 Td (it ) Tj ET Q q 0 0 0 rg BT 290.51 424.25 Td (was ) Tj ET Q q 0 0 0 rg BT 308.66 424.25 Td (not ) Tj ET Q q 0 0 0 rg BT 324.04 424.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 365.52 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.90 424.25 Td (record ) Tj ET Q q 0 0 0 rg BT 404.04 424.25 Td (an ) Tj ET Q q 0 0 0 rg BT 416.08 424.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 459.22 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.48 424.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 509.97 424.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 547.56 424.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.54 412.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 112.20 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.31 412.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 161.07 412.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 204.92 412.25 Td (being ) Tj ET Q q 0 0 0 rg BT 229.91 412.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 271.55 412.25 Td (by ) Tj ET Q q 0 0 0 rg BT 284.32 412.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 323.74 412.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 350.40 412.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 393.72 412.25 Td (who ) Tj ET Q q 0 0 0 rg BT 413.72 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.71 412.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.37 412.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 510.92 412.25 Td (creditworthy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (based ) Tj ET Q q 0 0 0 rg BT 75.27 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 87.77 400.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 115.82 400.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 157.75 400.25 Td (history ) Tj ET Q q 0 0 0 rg BT 188.03 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.97 400.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.01 400.25 Td (considerations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Property) Tj ET Q q 0 0 0 rg BT 85.18 385.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.18 385.25 Td (Buildings, ) Tj ET Q q 0 0 0 rg BT 135.20 385.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 183.26 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.32 385.25 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Property) Tj ET Q q 0 0 0 rg BT 83.79 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 89.81 370.25 Td (buildings ) Tj ET Q q 0 0 0 rg BT 130.55 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.51 370.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 194.24 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.97 370.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 236.82 370.25 Td (at ) Tj ET Q q 0 0 0 rg BT 247.55 370.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 269.68 370.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 324.84 370.25 Td (on ) Tj ET Q q 0 0 0 rg BT 338.36 370.25 Td (property) Tj ET Q q 0 0 0 rg BT 371.59 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 377.61 370.25 Td (buildings ) Tj ET Q q 0 0 0 rg BT 418.35 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.31 370.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 482.04 370.25 Td (is ) Tj ET Q q 0 0 0 rg BT 492.23 370.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 536.28 370.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 370.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 100.46 358.25 Td (method ) Tj ET Q q 0 0 0 rg BT 132.59 358.25 Td (over ) Tj ET Q q 0 0 0 rg BT 152.50 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.85 358.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 207.31 358.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 233.89 358.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 254.91 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.38 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.73 358.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 307.70 358.25 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 350.93 358.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 410.28 358.25 Td (are ) Tj ET Q q 0 0 0 rg BT 424.63 358.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 472.84 358.25 Td (on ) Tj ET Q q 0 0 0 rg BT 484.98 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.56 358.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.01 358.25 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (over ) Tj ET Q q 0 0 0 rg BT 70.09 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.63 346.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 114.72 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.37 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.91 346.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 162.22 346.25 Td (term, ) Tj ET Q q 0 0 0 rg BT 185.36 346.25 Td (including ) Tj ET Q q 0 0 0 rg BT 225.46 346.25 Td (renewals ) Tj ET Q q 0 0 0 rg BT 263.32 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 280.63 346.25 Td (are ) Tj ET Q q 0 0 0 rg BT 295.16 346.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 328.58 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.68 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 350.44 346.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 396.08 346.25 Td (assured, ) Tj ET Q q 0 0 0 rg BT 430.89 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 441.54 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.08 346.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 496.72 346.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 523.48 346.25 Td (life ) Tj ET Q q 0 0 0 rg BT 539.13 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 346.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (improvement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.19 319.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.01 319.25 Td (with ) Tj ET Q q 0 0 0 rg BT 126.24 319.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 174.76 319.25 Td (Standard ) Tj ET Q q 0 0 0 rg BT 212.17 319.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 264.02 319.25 Td (\(ASC\) ) Tj ET Q q 0 0 0 rg BT 300.46 319.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 321.64 319.25 Td (T) Tj ET Q q 0 0 0 rg BT 327.05 319.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 346.13 319.25 Td (360-10-05, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.15 319.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 439.56 319.25 Td (for ) Tj ET Q q 0 0 0 rg BT 453.09 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.17 319.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 515.69 319.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.44 319.25 Td (Disposal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 62.28 307.25 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 112.57 307.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.57 307.25 Td (, ) Tj ET Q q 0 0 0 rg BT 144.58 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.30 307.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.69 307.25 Td (assesses ) Tj ET Q q 0 0 0 rg BT 241.97 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.69 307.25 Td (need ) Tj ET Q q 0 0 0 rg BT 282.07 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.35 307.25 Td (record ) Tj ET Q q 0 0 0 rg BT 324.40 307.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 375.00 307.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 403.40 307.25 Td (on ) Tj ET Q q 0 0 0 rg BT 417.90 307.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 463.51 307.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 491.34 307.25 Td (when ) Tj ET Q q 0 0 0 rg BT 517.51 307.25 Td (events ) Tj ET Q q 0 0 0 rg BT 547.56 307.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 109.75 295.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 144.50 295.25 Td (that ) Tj ET Q q 0 0 0 rg BT 162.61 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.93 295.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 214.35 295.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 247.46 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.89 295.25 Td (an ) Tj ET Q q 0 0 0 rg BT 271.44 295.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 293.98 295.25 Td (may ) Tj ET Q q 0 0 0 rg BT 314.31 295.25 Td (not ) Tj ET Q q 0 0 0 rg BT 330.19 295.25 Td (be ) Tj ET Q q 0 0 0 rg BT 342.74 295.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 394.29 295.25 Td (An ) Tj ET Q q 0 0 0 rg BT 409.62 295.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 458.82 295.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 477.49 295.25 Td (would ) Tj ET Q q 0 0 0 rg BT 505.60 295.25 Td (be ) Tj ET Q q 0 0 0 rg BT 518.14 295.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (when ) Tj ET Q q 0 0 0 rg BT 74.48 283.25 Td (future ) Tj ET Q q 0 0 0 rg BT 101.17 283.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 142.31 283.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 198.45 283.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 219.03 283.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 244.07 283.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 282.42 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.01 283.25 Td (result ) Tj ET Q q 0 0 0 rg BT 318.05 283.25 Td (from ) Tj ET Q q 0 0 0 rg BT 340.30 283.25 Td (use ) Tj ET Q q 0 0 0 rg BT 356.45 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.60 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.63 283.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 404.88 283.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.91 283.25 Td (less ) Tj ET Q q 0 0 0 rg BT 437.72 283.25 Td (than ) Tj ET Q q 0 0 0 rg BT 457.76 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.79 283.25 Td (asset) Tj ET Q q 0 0 0 rg BT 495.01 283.25 Td (s ) Tj ET Q q 0 0 0 rg BT 501.71 283.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 537.85 283.25 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.72 271.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 107.22 271.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 125.28 271.25 Td (would ) Tj ET Q q 0 0 0 rg BT 152.78 271.25 Td (be ) Tj ET Q q 0 0 0 rg BT 164.72 271.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 205.53 271.25 Td (at ) Tj ET Q q 0 0 0 rg BT 215.25 271.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 231.63 271.25 Td (value ) Tj ET Q q 0 0 0 rg BT 255.78 271.25 Td (based ) Tj ET Q q 0 0 0 rg BT 281.05 271.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 271.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 339.38 271.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 377.41 271.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 397.68 271.25 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 92.49 256.25 Td (Construction ) Tj ET Q q 0 0 0 rg BT 148.90 256.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.07 241.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.47 241.25 Td (accepts ) Tj ET Q q 0 0 0 rg BT 141.41 241.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 180.03 241.25 Td (on ) Tj ET Q q 0 0 0 rg BT 192.54 241.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.50 241.25 Td (fixed-price, ) Tj ET Q q 0 0 0 rg BT 248.38 241.25 Td (unit-price ) Tj ET Q q 0 0 0 rg BT 289.77 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.73 241.25 Td (service ) Tj ET Q q 0 0 0 rg BT 337.56 241.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 381.72 241.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 406.74 241.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 444.25 241.25 Td (from ) Tj ET Q q 0 0 0 rg BT 466.20 241.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 512.58 241.25 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.10 229.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.31 229.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 148.18 229.25 Td (on ) Tj ET Q q 0 0 0 rg BT 160.19 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.41 229.25 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 279.70 229.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 314.20 229.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 354.52 229.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.52 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.75 229.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 401.08 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.41 229.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 433.42 229.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 468.74 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.53 229.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 499.69 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.47 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 229.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (total ) Tj ET Q q 0 0 0 rg BT 69.59 217.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 91.40 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.99 217.25 Td (be ) Tj ET Q q 0 0 0 rg BT 112.25 217.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 147.38 217.25 Td (for ) Tj ET Q q 0 0 0 rg BT 160.85 217.25 Td (each ) Tj ET Q q 0 0 0 rg BT 180.98 217.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 217.50 217.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 254.29 217.25 Td (from ) Tj ET Q q 0 0 0 rg BT 275.55 217.25 Td (unit-price ) Tj ET Q q 0 0 0 rg BT 316.23 217.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 354.14 217.25 Td (is ) Tj ET Q q 0 0 0 rg BT 362.62 217.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 408.30 217.25 Td (on ) Tj ET Q q 0 0 0 rg BT 420.11 217.25 Td (either ) Tj ET Q q 0 0 0 rg BT 444.69 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.72 217.25 Td (percentage-of-completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (method ) Tj ET Q q 0 0 0 rg BT 83.80 205.25 Td (or ) Tj ET Q q 0 0 0 rg BT 95.94 205.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.18 205.25 Td (man-hour ) Tj ET Q q 0 0 0 rg BT 146.86 205.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.00 205.25 Td (man-hour ) Tj ET Q q 0 0 0 rg BT 201.68 205.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 222.15 205.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 268.17 205.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 294.48 205.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 333.27 205.25 Td (from ) Tj ET Q q 0 0 0 rg BT 356.51 205.25 Td (service ) Tj ET Q q 0 0 0 rg BT 388.63 205.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 437.97 205.25 Td (are ) Tj ET Q q 0 0 0 rg BT 453.98 205.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 501.65 205.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.78 205.25 Td (services ) Tj ET Q q 0 0 0 rg BT 549.80 205.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (performed. ) Tj ET Q q 0 0 0 rg BT 97.19 193.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 135.21 193.25 Td (from ) Tj ET Q q 0 0 0 rg BT 157.70 193.25 Td (service ) Tj ET Q q 0 0 0 rg BT 189.05 193.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 237.63 193.25 Td (are ) Tj ET Q q 0 0 0 rg BT 252.88 193.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 278.69 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.73 193.25 Td (either ) Tj ET Q q 0 0 0 rg BT 317.54 193.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.02 193.25 Td (man-hour ) Tj ET Q q 0 0 0 rg BT 366.94 193.25 Td (or ) Tj ET Q q 0 0 0 rg BT 378.31 193.25 Td (man-hour ) Tj ET Q q 0 0 0 rg BT 420.23 193.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 439.94 193.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 485.20 193.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 510.52 193.25 Td (T) Tj ET Q q 0 0 0 rg BT 515.93 193.25 Td (erms ) Tj ET Q q 0 0 0 rg BT 538.41 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 193.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 181.25 Td (s ) Tj ET Q q 0 0 0 rg BT 98.06 181.25 Td (service ) Tj ET Q q 0 0 0 rg BT 128.87 181.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 176.90 181.25 Td (may ) Tj ET Q q 0 0 0 rg BT 196.62 181.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 225.78 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.94 181.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 271.88 181.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 303.81 181.25 Td (one ) Tj ET Q q 0 0 0 rg BT 320.75 181.25 Td (year) Tj ET Q q 0 0 0 rg BT 337.41 181.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.95 166.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.62 166.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.92 166.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 154.42 166.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 179.04 166.25 Td (it ) Tj ET Q q 0 0 0 rg BT 187.01 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.19 166.25 Td (bill ) Tj ET Q q 0 0 0 rg BT 212.93 166.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 255.33 166.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 291.63 166.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.69 166.25 Td (change ) Tj ET Q q 0 0 0 rg BT 336.42 166.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 363.81 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.66 166.25 Td (claims. ) Tj ET Q q 0 0 0 rg BT 411.50 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 429.45 166.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.74 166.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 510.92 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.77 166.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 542.38 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 166.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.72 154.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 107.76 154.25 Td (work ) Tj ET Q q 0 0 0 rg BT 131.37 154.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 176.07 154.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 208.02 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.29 154.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 249.12 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.50 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.78 154.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 311.04 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.53 154.25 Td (contested ) Tj ET Q q 0 0 0 rg BT 369.35 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 382.41 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.68 154.25 Td (customer) Tj ET Q q 0 0 0 rg BT 433.78 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 439.34 154.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 485.90 154.25 Td (, ) Tj ET Q q 0 0 0 rg BT 491.46 154.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 520.62 154.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.22 154.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 89.14 142.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 141.07 142.25 Td (work ) Tj ET Q q 0 0 0 rg BT 164.12 142.25 Td (have ) Tj ET Q q 0 0 0 rg BT 185.50 142.25 Td (not ) Tj ET Q q 0 0 0 rg BT 200.78 142.25 Td (been ) Tj ET Q q 0 0 0 rg BT 222.15 142.25 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.85 127.25 Td (change ) Tj ET Q q 0 0 0 rg BT 91.34 127.25 Td (order ) Tj ET Q q 0 0 0 rg BT 115.62 127.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.46 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.08 127.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 187.36 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.31 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.93 127.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 241.31 127.25 Td (that ) Tj ET Q q 0 0 0 rg BT 259.48 127.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 294.87 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.26 127.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 355.11 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.62 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.01 127.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 419.89 127.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 458.06 127.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 496.23 127.25 Td (from ) Tj ET Q q 0 0 0 rg BT 518.85 127.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 127.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (scope, ) Tj ET Q q 0 0 0 rg BT 77.77 115.25 Td (specifications, ) Tj ET Q q 0 0 0 rg BT 137.74 115.25 Td (design, ) Tj ET Q q 0 0 0 rg BT 168.85 115.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 201.33 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.16 115.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 267.67 115.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 307.10 115.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 354.31 115.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 395.96 115.25 Td (sites, ) Tj ET Q q 0 0 0 rg BT 418.73 115.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.56 115.25 Td (period ) Tj ET Q q 0 0 0 rg BT 457.60 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.43 115.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 515.91 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.74 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.45 115.25 Td (work ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.80 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.04 103.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 128.77 103.25 Td (It ) Tj ET Q q 0 0 0 rg BT 137.91 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 147.60 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.85 103.25 Td (Company) Tj ET Q q 0 0 0 rg BT 204.51 103.25 Td (s ) Tj ET Q q 0 0 0 rg BT 211.43 103.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 239.45 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.26 103.25 Td (include ) Tj ET Q q 0 0 0 rg BT 282.72 103.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 317.39 103.25 Td (from ) Tj ET Q q 0 0 0 rg BT 339.86 103.25 Td (change ) Tj ET Q q 0 0 0 rg BT 371.20 103.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 399.22 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.02 103.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 445.25 103.25 Td (value ) Tj ET Q q 0 0 0 rg BT 469.94 103.25 Td (only ) Tj ET Q q 0 0 0 rg BT 490.74 103.25 Td (when ) Tj ET Q q 0 0 0 rg BT 515.43 103.25 Td (they ) Tj ET Q q 0 0 0 rg BT 535.67 103.25 Td (can ) Tj ET Q q 0 0 0 rg BT 552.58 103.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (reliably ) Tj ET Q q 0 0 0 rg BT 85.74 91.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 129.26 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.90 91.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 196.29 91.25 Td (is ) Tj ET Q q 0 0 0 rg BT 208.16 91.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 256.67 91.25 Td (probable, ) Tj ET Q q 0 0 0 rg BT 299.36 91.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.33 91.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 362.49 91.25 Td (with ) Tj ET Q q 0 0 0 rg BT 384.32 91.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 408.60 91.25 Td (T) Tj ET Q q 0 0 0 rg BT 414.01 91.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 436.42 91.25 Td (605-35-25-30 ) Tj ET Q q 0 0 0 rg BT 496.61 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.10 91.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 539.38 91.25 Td (T) Tj ET Q q 0 0 0 rg BT 544.79 91.25 Td (opic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (605-35-25-31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.49 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.99 79.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 146.35 79.25 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 197.17 79.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.34 79.25 Td (Construction ) Tj ET Q q 0 0 0 rg BT 266.07 79.25 Td (T) Tj ET Q q 0 0 0 rg BT 270.89 79.25 Td (ype ) Tj ET Q q 0 0 0 rg BT 287.27 79.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.71 79.25 Td (.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.85 742.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 92.09 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.57 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 176.19 742.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 212.37 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.45 742.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 250.85 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.49 742.10 Td (billings ) Tj ET Q q 0 0 0 rg BT 293.79 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.10 742.10 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 360.05 742.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 402.88 742.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 445.72 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 479.67 742.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 525.83 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 535.92 742.10 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 730.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 96.94 730.10 Td (billed. ) Tj ET Q q 0 0 0 rg BT 124.41 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 142.32 730.10 Td (liability) Tj ET Q q 0 0 0 rg BT 172.78 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.64 730.10 Td (billings ) Tj ET Q q 0 0 0 rg BT 214.45 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.59 730.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 253.05 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.75 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 286.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.91 730.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 343.59 730.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 379.83 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.20 730.10 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 446.21 730.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 489.11 730.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 532.01 730.10 Td (billings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 718.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 88.88 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.71 718.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 133.85 718.10 Td (recognized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 86.60 703.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.76 703.10 Td (include ) Tj ET Q q 0 0 0 rg BT 140.36 703.10 Td (all ) Tj ET Q q 0 0 0 rg BT 152.51 703.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 177.44 703.10 Td (material, ) Tj ET Q q 0 0 0 rg BT 214.86 703.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 239.79 703.10 Td (labor) Tj ET Q q 0 0 0 rg BT 259.94 703.10 Td (, ) Tj ET Q q 0 0 0 rg BT 264.60 703.10 Td (subcontractor ) Tj ET Q q 0 0 0 rg BT 321.19 703.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.35 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.95 703.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 392.66 703.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 414.82 703.10 Td (related ) Tj ET Q q 0 0 0 rg BT 444.18 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.13 703.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 488.49 703.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 543.68 703.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.20 691.10 Td (supplies, ) Tj ET Q q 0 0 0 rg BT 99.35 691.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 121.67 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.98 691.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 184.06 691.10 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 239.96 691.10 Td (General ) Tj ET Q q 0 0 0 rg BT 274.48 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.79 691.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 351.87 691.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 374.74 691.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.81 691.10 Td (char) Tj ET Q q 0 0 0 rg BT 406.84 691.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 424.15 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.80 691.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 469.88 691.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.08 691.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 519.77 691.10 Td (Provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 65.44 679.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 107.54 679.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 135.22 679.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.00 679.10 Td (uncompleted ) Tj ET Q q 0 0 0 rg BT 204.43 679.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 244.31 679.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.30 679.10 Td (made ) Tj ET Q q 0 0 0 rg BT 285.74 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.30 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.30 679.10 Td (period ) Tj ET Q q 0 0 0 rg BT 342.63 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.19 679.10 Td (which ) Tj ET Q q 0 0 0 rg BT 382.41 679.10 Td (such ) Tj ET Q q 0 0 0 rg BT 404.52 679.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 432.19 679.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.18 679.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 499.44 679.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 537.67 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.23 679.10 Td (job ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 105.17 667.10 Td (job ) Tj ET Q q 0 0 0 rg BT 120.11 667.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 166.42 667.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 206.90 667.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 256.82 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.41 667.10 Td (final ) Tj ET Q q 0 0 0 rg BT 293.88 667.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 328.24 667.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 375.38 667.10 Td (may ) Tj ET Q q 0 0 0 rg BT 394.75 667.10 Td (result ) Tj ET Q q 0 0 0 rg BT 419.12 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.05 667.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 467.31 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.24 667.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 499.39 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.99 667.10 Td (income ) Tj ET Q q 0 0 0 rg BT 547.57 667.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 655.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 111.07 655.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.35 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.06 655.10 Td (period ) Tj ET Q q 0 0 0 rg BT 164.11 655.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.39 655.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.33 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.04 655.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 254.65 655.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.36 655.10 Td (determined.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Land ) Tj ET Q q 0 0 0 rg BT 74.17 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.23 640.10 Td (Land ) Tj ET Q q 0 0 0 rg BT 116.40 640.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 172.77 640.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 197.50 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.57 640.10 Td (Residential ) Tj ET Q q 0 0 0 rg BT 264.18 640.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 308.90 640.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 337.51 640.10 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.26 625.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 92.97 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.01 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.16 625.10 Td (land ) Tj ET Q q 0 0 0 rg BT 134.08 625.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 173.33 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.48 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.63 625.10 Td (development ) Tj ET Q q 0 0 0 rg BT 264.99 625.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 304.79 625.10 Td (up ) Tj ET Q q 0 0 0 rg BT 318.50 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.99 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.92 625.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 372.96 625.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 426.10 625.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 452.58 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.62 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.77 625.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 528.13 625.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.70 613.10 Td (project ) Tj ET Q q 0 0 0 rg BT 135.52 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.78 613.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 188.81 613.10 Td (under ) Tj ET Q q 0 0 0 rg BT 214.63 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.90 613.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 252.39 613.10 Td (land ) Tj ET Q q 0 0 0 rg BT 277.10 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.59 613.10 Td (land ) Tj ET Q q 0 0 0 rg BT 314.86 613.10 Td (development ) Tj ET Q q 0 0 0 rg BT 369.57 613.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 399.56 613.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 423.71 613.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 476.20 613.10 Td (commences, ) Tj ET Q q 0 0 0 rg BT 528.95 613.10 Td (both ) Tj ET Q q 0 0 0 rg BT 549.78 613.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (land ) Tj ET Q q 0 0 0 rg BT 69.32 601.10 Td (development ) Tj ET Q q 0 0 0 rg BT 123.08 601.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 145.19 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.73 601.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 213.27 601.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 235.38 601.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.69 601.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 286.78 601.10 Td (under ) Tj ET Q q 0 0 0 rg BT 311.65 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 601.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 347.52 601.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 395.72 601.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 437.81 601.10 Td (under ) Tj ET Q q 0 0 0 rg BT 462.69 601.10 Td (construction. ) Tj ET Q q 0 0 0 rg BT 521.01 601.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.67 601.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (land ) Tj ET Q q 0 0 0 rg BT 74.71 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.20 589.10 Td (land ) Tj ET Q q 0 0 0 rg BT 112.47 589.10 Td (development ) Tj ET Q q 0 0 0 rg BT 167.18 589.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.67 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.16 589.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 261.31 589.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 304.35 589.10 Td (under ) Tj ET Q q 0 0 0 rg BT 330.17 589.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 387.09 589.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 420.69 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.52 589.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 465.67 589.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 500.38 589.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.64 589.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 553.67 589.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (current ) Tj ET Q q 0 0 0 rg BT 79.77 577.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 104.56 577.10 Td (when ) Tj ET Q q 0 0 0 rg BT 127.68 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.35 577.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 181.13 577.10 Td (project ) Tj ET Q q 0 0 0 rg BT 210.35 577.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 256.79 577.10 Td (date ) Tj ET Q q 0 0 0 rg BT 274.90 577.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.03 577.10 Td (less ) Tj ET Q q 0 0 0 rg BT 299.49 577.10 Td (than ) Tj ET Q q 0 0 0 rg BT 318.16 577.10 Td (one ) Tj ET Q q 0 0 0 rg BT 334.06 577.10 Td (year ) Tj ET Q q 0 0 0 rg BT 352.72 577.10 Td (from ) Tj ET Q q 0 0 0 rg BT 373.61 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.29 577.10 Td (date ) Tj ET Q q 0 0 0 rg BT 405.40 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.19 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.86 577.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.86 577.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 577.10 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.74 565.10 Td (as ) Tj ET Q q 0 0 0 rg BT 73.49 565.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 123.55 565.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.29 565.10 Td (when ) Tj ET Q q 0 0 0 rg BT 175.37 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.00 565.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 232.73 565.10 Td (project ) Tj ET Q q 0 0 0 rg BT 263.91 565.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 312.32 565.10 Td (date ) Tj ET Q q 0 0 0 rg BT 332.39 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 342.47 565.10 Td (more ) Tj ET Q q 0 0 0 rg BT 366.43 565.10 Td (than ) Tj ET Q q 0 0 0 rg BT 387.06 565.10 Td (one ) Tj ET Q q 0 0 0 rg BT 404.92 565.10 Td (year ) Tj ET Q q 0 0 0 rg BT 425.54 565.10 Td (from ) Tj ET Q q 0 0 0 rg BT 448.39 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.02 565.10 Td (date ) Tj ET Q q 0 0 0 rg BT 484.09 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.84 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 565.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 553.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.44 538.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 109.50 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.70 538.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 152.04 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 157.45 538.10 Td (opics ) Tj ET Q q 0 0 0 rg BT 181.67 538.10 Td (360-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.60 538.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 264.25 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.03 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.35 538.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 344.12 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.12 538.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 394.79 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.67 538.10 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 451.88 538.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.88 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.49 538.10 Td (land ) Tj ET Q q 0 0 0 rg BT 502.81 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.35 538.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 91.93 526.10 Td (under ) Tj ET Q q 0 0 0 rg BT 116.64 526.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 168.01 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 182.16 526.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 220.75 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 232.69 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.85 526.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.68 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.29 526.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.33 526.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 390.14 526.10 Td (events ) Tj ET Q q 0 0 0 rg BT 417.63 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.90 526.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 462.05 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.77 526.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.35 526.10 Td (indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.22 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.65 514.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 117.19 514.10 Td (value ) Tj ET Q q 0 0 0 rg BT 141.07 514.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.50 514.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.50 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.16 514.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 238.51 514.10 Td (If ) Tj ET Q q 0 0 0 rg BT 247.39 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.83 514.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 297.37 514.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.58 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.13 514.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 362.35 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 371.25 514.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.24 514.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 424.00 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.00 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.66 514.10 Td (recovered, ) Tj ET Q q 0 0 0 rg BT 489.79 514.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.11 514.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.54 502.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 101.85 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.62 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.17 502.10 Td (related ) Tj ET Q q 0 0 0 rg BT 162.71 502.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.37 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.91 502.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 238.57 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.68 502.10 Td (their ) Tj ET Q q 0 0 0 rg BT 269.34 502.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 309.99 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 326.20 502.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 352.52 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 370.40 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.61 502.10 Td (value ) Tj ET Q q 0 0 0 rg BT 410.60 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.26 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.03 502.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 454.80 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 463.81 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.36 502.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 510.68 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.23 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 547.00 502.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 72.33 490.10 Td (could ) Tj ET Q q 0 0 0 rg BT 97.43 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 109.76 490.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 140.42 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.64 490.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 171.20 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.87 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.19 490.10 Td (current ) Tj ET Q q 0 0 0 rg BT 220.40 490.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 267.16 490.10 Td (between ) Tj ET Q q 0 0 0 rg BT 303.36 490.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 334.58 490.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 366.63 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.51 490.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 396.57 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 420.00 490.10 Td (than ) Tj ET Q q 0 0 0 rg BT 440.11 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.78 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.10 490.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 486.53 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.75 490.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 543.96 490.10 Td (sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.45 478.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.24 478.10 Td (also ) Tj ET Q q 0 0 0 rg BT 129.25 478.10 Td (complies ) Tj ET Q q 0 0 0 rg BT 168.25 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.29 478.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 210.44 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.85 478.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 235.97 478.10 Td (820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 256.37 478.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 277.05 478.10 Td (V) Tj ET Q q 0 0 0 rg BT 282.05 478.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 302.17 478.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 332.35 478.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.22 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 361.63 478.10 Td (which ) Tj ET Q q 0 0 0 rg BT 388.97 478.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 420.75 478.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.52 478.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 464.58 478.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 510.81 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.15 478.10 Td (framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.64 466.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 109.28 466.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 126.14 466.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 153.28 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.70 466.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 206.46 466.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 253.88 466.10 Td (about ) Tj ET Q q 0 0 0 rg BT 279.08 466.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 295.94 466.10 Td (value ) Tj ET Q q 0 0 0 rg BT 320.58 466.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 383.05 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.58 466.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.45 466.10 Td (did ) Tj ET Q q 0 0 0 rg BT 459.21 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.97 466.10 Td (record ) Tj ET Q q 0 0 0 rg BT 503.49 466.10 Td (an ) Tj ET Q q 0 0 0 rg BT 515.91 466.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 97.94 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.56 454.10 Td (either ) Tj ET Q q 0 0 0 rg BT 132.16 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.33 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.39 454.10 Td (Company) Tj ET Q q 0 0 0 rg BT 198.05 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 203.78 454.10 Td (land ) Tj ET Q q 0 0 0 rg BT 222.84 454.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 258.00 454.10 Td (value ) Tj ET Q q 0 0 0 rg BT 281.49 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.66 454.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 335.15 454.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 376.98 454.10 Td (under ) Tj ET Q q 0 0 0 rg BT 401.58 454.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 452.86 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.36 454.10 Td (either ) Tj ET Q q 0 0 0 rg BT 490.96 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.13 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.19 454.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 454.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 442.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 131.08 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 141.91 442.10 Td (2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 427.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 427.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.60 412.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.54 412.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 148.57 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.29 412.10 Td (income ) Tj ET Q q 0 0 0 rg BT 195.77 412.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 219.37 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.20 412.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 278.21 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.37 412.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 320.65 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 326.06 412.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 346.33 412.10 Td (740, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.88 412.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 399.36 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 404.01 412.10 Td (axes,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.28 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.33 412.10 Td (which ) Tj ET Q q 0 0 0 rg BT 454.82 412.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 501.20 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 412.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 107.00 400.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 144.82 400.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.33 400.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.95 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.68 400.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 241.20 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.70 400.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 301.85 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.81 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.32 400.10 Td (future ) Tj ET Q q 0 0 0 rg BT 356.49 400.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.00 400.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.59 400.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 399.76 400.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 447.59 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.66 400.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 501.05 400.10 Td (dif) Tj ET Q q 0 0 0 rg BT 511.98 400.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 547.58 400.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 109.29 388.10 Td (between ) Tj ET Q q 0 0 0 rg BT 145.81 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.24 388.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.43 388.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 240.96 388.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 277.48 388.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 314.58 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.12 388.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 360.99 388.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 387.53 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.18 388.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 445.61 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.26 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.68 388.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 522.42 388.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 537.85 388.10 Td (bases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.93 376.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.56 376.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.29 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.14 376.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.76 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.37 376.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 240.10 376.10 Td (using ) Tj ET Q q 0 0 0 rg BT 264.17 376.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 297.11 376.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.73 376.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 333.02 376.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 370.96 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.14 376.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 405.76 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.95 376.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 447.23 376.10 Td (income ) Tj ET Q q 0 0 0 rg BT 479.07 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.25 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.87 376.10 Td (years ) Tj ET Q q 0 0 0 rg BT 527.38 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.56 376.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.85 364.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 117.68 364.10 Td (dif) Tj ET Q q 0 0 0 rg BT 128.61 364.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 164.65 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.60 364.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 217.87 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.38 364.10 Td (be ) Tj ET Q q 0 0 0 rg BT 240.56 364.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 282.71 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.78 364.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 324.92 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 343.21 364.10 Td (ef) Tj ET Q q 0 0 0 rg BT 350.80 364.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 368.52 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.26 364.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 417.30 364.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.26 364.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 458.33 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.50 364.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 515.46 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.53 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.70 364.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 352.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 75.00 352.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 96.37 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.54 352.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 151.90 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.18 352.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.12 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.39 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.11 352.10 Td (period ) Tj ET Q q 0 0 0 rg BT 247.16 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.65 352.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 300.48 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.20 352.10 Td (enactment ) Tj ET Q q 0 0 0 rg BT 358.78 352.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 337.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.14 337.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 155.74 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.81 337.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.40 337.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.24 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.42 337.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.70 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.77 337.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 293.74 337.10 Td (only ) Tj ET Q q 0 0 0 rg BT 314.37 337.10 Td (if ) Tj ET Q q 0 0 0 rg BT 323.33 337.10 Td (those ) Tj ET Q q 0 0 0 rg BT 347.29 337.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 386.26 337.10 Td (are ) Tj ET Q q 0 0 0 rg BT 401.32 337.10 Td (more ) Tj ET Q q 0 0 0 rg BT 424.72 337.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 450.34 337.10 Td (than ) Tj ET Q q 0 0 0 rg BT 470.41 337.10 Td (not ) Tj ET Q q 0 0 0 rg BT 486.04 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.22 337.10 Td (being ) Tj ET Q q 0 0 0 rg BT 522.29 337.10 Td (sustained. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Recognized ) Tj ET Q q 0 0 0 rg BT 99.49 325.10 Td (income ) Tj ET Q q 0 0 0 rg BT 131.21 325.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 145.72 325.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 184.12 325.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.62 325.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 239.22 325.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.72 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.23 325.10 Td (lar) Tj ET Q q 0 0 0 rg BT 273.59 325.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 291.99 325.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 324.27 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.56 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 350.51 325.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 380.55 325.10 Td (than ) Tj ET Q q 0 0 0 rg BT 400.06 325.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 420.68 325.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 445.74 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.35 325.10 Td (being ) Tj ET Q q 0 0 0 rg BT 480.86 325.10 Td (realized.Changes ) Tj ET Q q 0 0 0 rg BT 554.23 325.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.46 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.71 313.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 165.94 313.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.06 313.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 218.95 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.64 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.78 313.10 Td (period ) Tj ET Q q 0 0 0 rg BT 273.24 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.94 313.10 Td (which ) Tj ET Q q 0 0 0 rg BT 311.29 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.43 313.10 Td (change ) Tj ET Q q 0 0 0 rg BT 357.66 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.36 313.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 409.05 313.10 Td (occurs.) Tj ET Q q 0 0 0 rg BT 439.97 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.43 313.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.23 313.10 Td (records ) Tj ET Q q 0 0 0 rg BT 532.58 313.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 301.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 104.30 301.10 Td (related ) Tj ET Q q 0 0 0 rg BT 133.66 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.59 301.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 199.61 301.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 213.99 301.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 247.80 301.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.29 301.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 289.88 301.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 324.25 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.84 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 363.55 301.10 Td (general ) Tj ET Q q 0 0 0 rg BT 395.13 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.73 301.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 471.09 301.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 511.85 301.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 301.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 289.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.22 289.10 Td (as ) Tj ET Q q 0 0 0 rg BT 93.05 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.99 289.10 Td (component ) Tj ET Q q 0 0 0 rg BT 146.92 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.75 289.10 Td (income ) Tj ET Q q 0 0 0 rg BT 189.68 289.10 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 93.04 274.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 139.43 274.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 180.25 274.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 259.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.57 259.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.46 259.10 Td (not ) Tj ET Q q 0 0 0 rg BT 140.81 259.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 168.37 259.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.93 259.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 232.93 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.09 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.20 259.10 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 302.09 259.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 352.99 259.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 375.55 259.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 420.88 259.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 460.65 259.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 480.99 259.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 499.11 259.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 526.11 259.10 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 554.22 259.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.18 247.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 97.59 247.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.33 247.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 133.07 247.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 177.39 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.02 247.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.32 247.10 Td (has ) Tj ET Q q 0 0 0 rg BT 249.06 247.10 Td (no ) Tj ET Q q 0 0 0 rg BT 261.48 247.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 319.43 247.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 354.05 247.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.12 247.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.52 247.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 432.37 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.56 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.19 247.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 479.61 247.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 499.80 247.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.87 247.10 Td (either ) Tj ET Q q 0 0 0 rg BT 539.04 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 247.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.60 235.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 99.98 235.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.56 235.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 181.06 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.89 235.10 Td (2015. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 68.05 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.88 220.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.86 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.84 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.72 205.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.26 205.10 Td (has ) Tj ET Q q 0 0 0 rg BT 188.25 205.10 Td (made ) Tj ET Q q 0 0 0 rg BT 212.56 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.65 205.10 Td (number ) Tj ET Q q 0 0 0 rg BT 252.86 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.84 205.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 303.71 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.81 205.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 372.91 205.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 406.11 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.54 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.42 205.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 470.73 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.71 205.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.70 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.79 205.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.90 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.57 193.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 127.58 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.37 193.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 185.04 193.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.83 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.73 193.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 270.41 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.64 193.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 315.08 193.10 Td (these ) Tj ET Q q 0 0 0 rg BT 339.08 193.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.52 193.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 423.20 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.43 193.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 482.33 193.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.56 193.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 524.81 193.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 88.57 181.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 136.04 181.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 179.07 181.10 Td (\(GAAP\). ) Tj ET Q q 0 0 0 rg BT 227.14 181.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 257.39 181.10 Td (results ) Tj ET Q q 0 0 0 rg BT 287.10 181.10 Td (could ) Tj ET Q q 0 0 0 rg BT 312.91 181.10 Td (dif) Tj ET Q q 0 0 0 rg BT 323.84 181.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 338.53 181.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.57 181.10 Td (those ) Tj ET Q q 0 0 0 rg BT 386.28 181.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 429.59 181.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 485.39 181.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 526.75 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 181.10 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.61 169.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 134.21 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.38 169.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 185.09 169.10 Td (these ) Tj ET Q q 0 0 0 rg BT 208.03 169.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.41 169.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 290.02 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.19 169.10 Td (be ) Tj ET Q q 0 0 0 rg BT 312.02 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.63 169.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 367.35 169.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 385.85 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.02 169.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 435.06 169.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 474.09 169.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 525.92 169.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 157.10 Td (progress, ) Tj ET Q q 0 0 0 rg BT 99.16 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.88 157.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 154.13 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.96 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.68 157.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 213.26 157.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 263.52 157.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 286.02 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.96 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.68 157.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 367.93 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.76 157.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 414.57 157.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 429.28 157.10 Td (assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.84 142.10 Td (V) Tj ET Q q 0 0 0 rg BT 76.40 142.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 96.68 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.51 142.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 150.58 142.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 127.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.39 127.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.47 127.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.63 127.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 201.48 127.10 Td (include ) Tj ET Q q 0 0 0 rg BT 233.10 127.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 253.05 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.67 127.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.62 127.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 339.84 127.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 377.01 127.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 420.27 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.89 127.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 470.16 127.10 Td (billings, ) Tj ET Q q 0 0 0 rg BT 504.85 127.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 544.23 127.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 89.66 115.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 130.45 115.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.70 115.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 191.48 115.10 Td (carriers, ) Tj ET Q q 0 0 0 rg BT 226.42 115.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.65 115.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 286.87 115.10 Td (value ) Tj ET Q q 0 0 0 rg BT 310.99 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.79 115.10 Td (life ) Tj ET Q q 0 0 0 rg BT 337.58 115.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 378.36 115.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 414.43 115.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 451.88 115.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 487.94 115.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 511.51 115.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 547.57 115.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 103.10 Td (current ) Tj ET Q q 0 0 0 rg BT 103.86 103.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.71 88.10 Td (value ) Tj ET Q q 0 0 0 rg BT 92.97 88.10 Td (is ) Tj ET Q q 0 0 0 rg BT 102.25 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.07 88.10 Td (price ) Tj ET Q q 0 0 0 rg BT 139.66 88.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.26 88.10 Td (would ) Tj ET Q q 0 0 0 rg BT 184.87 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.91 88.10 Td (received ) Tj ET Q q 0 0 0 rg BT 233.38 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.76 88.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 260.25 88.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.29 88.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 294.34 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 305.27 88.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 325.10 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.48 88.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 368.62 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.66 88.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 409.38 88.10 Td (\(an ) Tj ET Q q 0 0 0 rg BT 424.75 88.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 442.35 88.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 468.27 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.65 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.48 88.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 531.62 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.56 88.10 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 106.61 76.10 Td (market ) Tj ET Q q 0 0 0 rg BT 136.55 76.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.40 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 76.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 186.42 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.93 76.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 230.22 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.18 76.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.80 76.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 282.86 76.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 328.92 76.10 Td (between ) Tj ET Q q 0 0 0 rg BT 364.41 76.10 Td (market ) Tj ET Q q 0 0 0 rg BT 394.36 76.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 443.19 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 455.38 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.78 76.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 525.27 76.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 546.45 76.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.78 64.10 Td (value ) Tj ET Q q 0 0 0 rg BT 91.34 64.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 130.33 64.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 176.56 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.90 64.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 224.01 64.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 261.12 64.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.52 64.10 Td (which ) Tj ET Q q 0 0 0 rg BT 293.86 64.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 328.97 64.10 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 379.64 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.76 64.10 Td (use ) Tj ET Q q 0 0 0 rg BT 410.99 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.22 64.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 468.44 64.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 495.79 64.10 Td (when ) Tj ET Q q 0 0 0 rg BT 520.35 64.10 Td (measuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 52.10 Td (value.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 90.53 742.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 116.36 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.19 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 154.14 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.63 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 191.35 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 203.29 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 224.12 742.10 Td (are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.26 727.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 82.76 727.10 Td (- ) Tj ET Q q 0 0 0 rg BT 88.59 727.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 120.53 727.10 Td (market ) Tj ET Q q 0 0 0 rg BT 150.80 727.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 177.17 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.45 727.10 Td (active ) Tj ET Q q 0 0 0 rg BT 213.82 727.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 247.98 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.14 727.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 299.07 727.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.90 727.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.73 727.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.26 712.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 82.76 712.10 Td (- ) Tj ET Q q 0 0 0 rg BT 88.59 712.10 Td (Observable ) Tj ET Q q 0 0 0 rg BT 136.63 712.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.89 712.10 Td (based ) Tj ET Q q 0 0 0 rg BT 192.16 712.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 219.11 712.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.94 712.10 Td (other ) Tj ET Q q 0 0 0 rg BT 252.99 712.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 298.80 712.10 Td (inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 76.19 697.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 84.62 697.10 Td (- ) Tj ET Q q 0 0 0 rg BT 91.38 697.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 138.69 697.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 195.43 697.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 223.31 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 241.73 697.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 271.81 697.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.68 697.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 339.19 697.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.62 697.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 399.36 697.10 Td (market ) Tj ET Q q 0 0 0 rg BT 430.55 697.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 452.89 697.10 Td (These ) Tj ET Q q 0 0 0 rg BT 480.19 697.10 Td (values ) Tj ET Q q 0 0 0 rg BT 509.17 697.10 Td (are ) Tj ET Q q 0 0 0 rg BT 524.80 697.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.48 685.10 Td (using ) Tj ET Q q 0 0 0 rg BT 121.65 685.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 161.36 685.10 Td (models ) Tj ET Q q 0 0 0 rg BT 192.75 685.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 249.12 685.10 Td (management) Tj ET Q q 0 0 0 rg BT 302.99 685.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.38 685.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 349.09 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.92 685.10 Td (market ) Tj ET Q q 0 0 0 rg BT 390.19 685.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 435.44 685.10 Td (assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.54 670.10 Td (values ) Tj ET Q q 0 0 0 rg BT 96.52 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.29 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.70 670.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 193.80 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.44 670.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.20 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 282.74 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.39 670.10 Td (use ) Tj ET Q q 0 0 0 rg BT 313.15 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.92 670.10 Td (public ) Tj ET Q q 0 0 0 rg BT 351.35 670.10 Td (market ) Tj ET Q q 0 0 0 rg BT 381.55 670.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 410.36 670.10 Td (quotes ) Tj ET Q q 0 0 0 rg BT 438.90 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 460.77 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.19 670.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 547.57 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.65 658.10 Td (available ) Tj ET Q q 0 0 0 rg BT 110.83 658.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 162.64 658.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 216.94 658.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 256.81 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.13 658.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 306.54 658.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 342.53 658.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 377.94 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.82 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.13 658.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 454.77 658.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 487.40 658.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 513.94 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.70 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 547.57 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.83 646.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 119.94 646.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 156.99 646.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 200.14 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.64 646.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 249.79 646.10 Td (billings, ) Tj ET Q q 0 0 0 rg BT 284.36 646.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 321.41 646.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 354.57 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.07 646.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 404.22 646.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 446.01 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.85 646.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 507.90 646.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.84 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 547.56 646.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.96 634.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 118.15 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.46 634.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 172.09 634.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 207.96 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.27 634.10 Td (these ) Tj ET Q q 0 0 0 rg BT 240.80 634.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.76 634.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 328.76 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 346.29 634.10 Td (Company) Tj ET Q q 0 0 0 rg BT 387.96 634.10 Td (s ) Tj ET Q q 0 0 0 rg BT 393.83 634.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 435.24 634.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 458.33 634.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 491.41 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 505.60 634.10 Td (also ) Tj ET Q q 0 0 0 rg BT 523.69 634.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.13 622.10 Td (management ) Tj ET Q q 0 0 0 rg BT 117.36 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.27 622.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 181.39 622.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 217.84 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 242.63 622.10 Td (since ) Tj ET Q q 0 0 0 rg BT 266.31 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.66 622.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.23 622.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.24 622.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 381.02 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.16 622.10 Td (Branch ) Tj ET Q q 0 0 0 rg BT 426.17 622.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 463.19 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.54 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 486.29 622.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 504.43 622.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 546.45 622.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Bank\) ) Tj ET Q q 0 0 0 rg BT 84.58 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 98.05 610.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 131.52 610.10 Td (market ) Tj ET Q q 0 0 0 rg BT 160.54 610.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.24 610.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 211.38 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.08 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.55 610.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 275.14 610.10 Td (periodically) Tj ET Q q 0 0 0 rg BT 322.25 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 326.02 610.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 367.82 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.85 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 394.79 610.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 439.37 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.63 610.10 Td (management ) Tj ET Q q 0 0 0 rg BT 502.98 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.02 610.10 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.00 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.77 598.10 Td (due ) Tj ET Q q 0 0 0 rg BT 106.33 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.23 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.57 598.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 157.67 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.13 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.46 598.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 204.02 598.10 Td (held ) Tj ET Q q 0 0 0 rg BT 223.36 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.26 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.82 598.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 272.48 598.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 304.03 598.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 336.14 598.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 357.69 598.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 393.26 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 410.92 598.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 446.36 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 470.13 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.59 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.47 598.10 Td (surrender ) Tj ET Q q 0 0 0 rg BT 540.35 598.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.00 586.10 Td (life ) Tj ET Q q 0 0 0 rg BT 74.99 586.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 114.97 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 123.30 586.10 Td (also ) Tj ET Q q 0 0 0 rg BT 141.07 586.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 186.05 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.72 586.10 Td (management ) Tj ET Q q 0 0 0 rg BT 250.47 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.92 586.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 311.56 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 327.10 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 350.42 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.42 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.30 586.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 409.28 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 432.60 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.94 586.10 Td (based ) Tj ET Q q 0 0 0 rg BT 465.37 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.04 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.92 586.10 Td (current ) Tj ET Q q 0 0 0 rg BT 520.90 586.10 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.16 574.10 Td (under ) Tj ET Q q 0 0 0 rg BT 99.42 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.14 574.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 151.34 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 162.17 574.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 200.22 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 212.72 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.44 574.10 Td (carrier) Tj ET Q q 0 0 0 rg BT 252.97 574.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 93.60 559.10 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.21 544.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.88 544.10 Td (s ) Tj ET Q q 0 0 0 rg BT 116.44 544.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 156.31 544.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.74 544.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 212.74 544.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.17 544.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 274.17 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.61 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.72 544.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 324.92 544.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.02 544.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 389.68 544.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 411.78 544.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 448.04 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.04 544.10 Td (required ) Tj ET Q q 0 0 0 rg BT 495.02 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.69 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 544.10 Td (Collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 532.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 72.71 532.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 119.63 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.91 532.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 176.28 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.56 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.27 532.10 Td (Company) Tj ET Q q 0 0 0 rg BT 252.94 532.10 Td (s ) Tj ET Q q 0 0 0 rg BT 259.33 532.10 Td (workers) Tj ET Q q 0 0 0 rg BT 294.13 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.63 532.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 354.67 532.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 395.49 532.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 431.59 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 442.42 532.10 Td (described ) Tj ET Q q 0 0 0 rg BT 483.24 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.52 532.10 Td (note ) Tj ET Q q 0 0 0 rg BT 513.23 532.10 Td (12.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.73 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.79 517.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 152.71 517.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 92.86 502.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.51 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.61 502.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 162.03 502.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 188.78 502.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 209.99 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.51 502.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 261.81 502.10 Td (at ) Tj ET Q q 0 0 0 rg BT 271.34 502.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 289.77 502.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 312.09 502.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 360.79 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.55 502.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 419.84 502.10 Td (over ) Tj ET Q q 0 0 0 rg BT 439.93 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.47 502.10 Td (term ) Tj ET Q q 0 0 0 rg BT 475.11 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.76 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.29 502.10 Td (related ) Tj ET Q q 0 0 0 rg BT 529.81 502.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.66 490.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 85.42 490.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 102.58 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 112.23 490.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 157.15 490.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 199.02 490.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 223.67 490.10 Td (held ) Tj ET Q q 0 0 0 rg BT 242.22 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 253.55 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.09 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 307.30 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.41 490.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 348.84 490.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 374.61 490.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 394.82 490.10 Td (include ) Tj ET Q q 0 0 0 rg BT 425.58 490.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 463.56 490.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 499.32 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.09 490.10 Td (trademarks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.05 478.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.44 478.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 146.04 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.76 478.10 Td (values ) Tj ET Q q 0 0 0 rg BT 190.81 478.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 229.29 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.45 478.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 287.94 478.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.77 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.71 478.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 371.77 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.05 478.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 411.00 478.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 470.03 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 492.97 478.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.35 478.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 87.79 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.48 466.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 141.70 466.10 Td (events ) Tj ET Q q 0 0 0 rg BT 170.61 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.29 466.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 217.86 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.99 466.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 288.99 466.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 324.00 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.35 466.10 Td (their ) Tj ET Q q 0 0 0 rg BT 364.03 466.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 400.70 466.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.95 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 458.52 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.66 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 487.45 466.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 539.20 466.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.67 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.97 454.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 134.35 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.45 454.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.22 454.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 227.98 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.08 454.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 301.49 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.70 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.03 454.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 369.02 454.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.23 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.55 454.10 Td (believed ) Tj ET Q q 0 0 0 rg BT 449.31 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 467.18 454.10 Td (there ) Tj ET Q q 0 0 0 rg BT 490.05 454.10 Td (were ) Tj ET Q q 0 0 0 rg BT 512.36 454.10 Td (no ) Tj ET Q q 0 0 0 rg BT 525.24 454.10 Td (events ) Tj ET Q q 0 0 0 rg BT 553.67 454.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 110.01 442.10 Td (present ) Tj ET Q q 0 0 0 rg BT 142.25 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.62 442.10 Td (would ) Tj ET Q q 0 0 0 rg BT 188.99 442.10 Td (require ) Tj ET Q q 0 0 0 rg BT 220.67 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.48 442.10 Td (test ) Tj ET Q q 0 0 0 rg BT 245.73 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.43 442.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 316.32 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.69 442.10 Td (those ) Tj ET Q q 0 0 0 rg BT 354.17 442.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 382.62 442.10 Td (As ) Tj ET Q q 0 0 0 rg BT 397.10 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.91 442.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 433.00 442.10 Td (there ) Tj ET Q q 0 0 0 rg BT 456.35 442.10 Td (was ) Tj ET Q q 0 0 0 rg BT 475.27 442.10 Td (no ) Tj ET Q q 0 0 0 rg BT 488.64 442.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.10 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 442.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.82 430.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.20 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.03 430.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.86 430.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.69 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.63 430.10 Td (no ) Tj ET Q q 0 0 0 rg BT 209.13 430.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 249.39 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.67 430.10 Td (their ) Tj ET Q q 0 0 0 rg BT 280.50 430.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 321.32 430.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 348.26 430.10 Td (lives.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 88.06 415.10 Td (Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.71 400.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.76 400.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 147.24 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.74 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.34 400.10 Td (single ) Tj ET Q q 0 0 0 rg BT 193.39 400.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 237.08 400.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 276.07 400.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 315.87 400.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 370.97 400.10 Td (under ) Tj ET Q q 0 0 0 rg BT 396.21 400.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 418.59 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.00 400.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 444.39 400.10 Td (280-10-50 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.21 400.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 527.73 400.10 Td (es ) Tj ET Q q 0 0 0 rg BT 539.22 400.10 Td (about ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (Segments ) Tj ET Q q 0 0 0 rg BT 90.29 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.58 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 113.10 388.10 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 157.83 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.35 388.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 208.41 388.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.19 388.10 Td (. ) Tj ET Q q 0 0 0 rg BT 261.02 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 279.09 388.10 Td (Company) Tj ET Q q 0 0 0 rg BT 320.75 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 327.16 388.10 Td (real ) Tj ET Q q 0 0 0 rg BT 344.66 388.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 369.94 388.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 408.56 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.95 388.10 Td (diminished ) Tj ET Q q 0 0 0 rg BT 476.91 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.21 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.16 388.10 Td (point ) Tj ET Q q 0 0 0 rg BT 517.24 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.75 388.10 Td (it ) Tj ET Q q 0 0 0 rg BT 542.82 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 552.01 388.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 77.74 376.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 122.15 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.00 376.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 174.85 376.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 212.60 376.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 231.73 376.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 278.28 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.97 376.10 Td (results ) Tj ET Q q 0 0 0 rg BT 311.28 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.80 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.21 376.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 371.18 376.10 Td (real ) Tj ET Q q 0 0 0 rg BT 388.36 376.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 413.32 376.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 457.17 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.57 376.10 Td (included ) Tj ET Q q 0 0 0 rg BT 508.20 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.17 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 376.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 364.10 Td (under ) Tj ET Q q 0 0 0 rg BT 116.09 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.81 364.10 Td (caption ) Tj ET Q q 0 0 0 rg BT 162.74 364.10 Td (Other) Tj ET Q q 0 0 0 rg BT 189.39 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.83 364.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 230.77 364.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 271.02 364.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.52 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.23 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 323.51 364.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 362.09 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.37 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.09 364.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 426.23 364.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 478.16 364.10 Td (segment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.74 334.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.93 334.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 165.45 334.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 203.73 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.03 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.55 334.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 255.30 334.10 Td (year ) Tj ET Q q 0 0 0 rg BT 275.81 334.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 309.64 334.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 333.50 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.24 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.32 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.84 334.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 400.59 334.10 Td (year ) Tj ET Q q 0 0 0 rg BT 421.10 334.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 462.72 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.36 334.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.43 334.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 520.96 334.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.14 334.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 98.24 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.72 322.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 145.30 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.78 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.70 322.10 Td (Company) Tj ET Q q 0 0 0 rg BT 212.37 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 218.96 322.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 241.67 322.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 295.55 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.80 322.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 335.94 322.10 Td (year ) Tj ET Q q 0 0 0 rg BT 355.85 322.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 389.09 322.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 412.34 322.10 Td (included ) Tj ET Q q 0 0 0 rg BT 449.48 322.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 486.07 322.10 Td (under ) Tj ET Q q 0 0 0 rg BT 511.54 322.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 546.45 322.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 85.27 310.10 Td (now ) Tj ET Q q 0 0 0 rg BT 105.00 310.10 Td (included ) Tj ET Q q 0 0 0 rg BT 141.95 310.10 Td (under ) Tj ET Q q 0 0 0 rg BT 167.24 310.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 204.74 310.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 238.34 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.30 310.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 288.90 310.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 331.13 310.10 Td (In ) Tj ET Q q 0 0 0 rg BT 341.97 310.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 379.76 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.49 310.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 416.45 310.10 Td (year ) Tj ET Q q 0 0 0 rg BT 436.17 310.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 469.21 310.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 492.28 310.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 528.12 310.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.50 298.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 119.88 298.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 162.60 298.10 Td (under ) Tj ET Q q 0 0 0 rg BT 188.10 298.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 240.26 298.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 285.21 298.10 Td (included ) Tj ET Q q 0 0 0 rg BT 322.37 298.10 Td (under ) Tj ET Q q 0 0 0 rg BT 347.87 298.10 Td (other ) Tj ET Q q 0 0 0 rg BT 371.15 298.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 399.51 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 417.79 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 438.29 298.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 463.24 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.41 298.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.91 298.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (include ) Tj ET Q q 0 0 0 rg BT 82.37 286.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.20 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 144.90 286.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 189.49 286.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 232.42 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.12 286.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 310.50 286.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 355.65 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 393.02 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 418.73 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 442.22 286.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 470.77 286.10 Td (These ) Tj ET Q q 0 0 0 rg BT 497.59 286.10 Td (reclassifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.94 274.10 Td (no ) Tj ET Q q 0 0 0 rg BT 79.44 274.10 Td (ef) Tj ET Q q 0 0 0 rg BT 87.03 274.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.51 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.01 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.73 274.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 176.45 274.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 212.26 274.10 Td (total ) Tj ET Q q 0 0 0 rg BT 232.53 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.36 274.10 Td (current ) Tj ET Q q 0 0 0 rg BT 274.18 274.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 302.51 274.10 Td (current ) Tj ET Q q 0 0 0 rg BT 333.33 274.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 373.04 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 383.87 274.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.14 274.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 428.86 274.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.80 274.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 491.06 274.10 Td (activities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.45 259.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 130.74 259.10 Td (Pronouncements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 244.10 Td (In ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 61.35 244.10 Td (May ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 82.71 244.10 Td (2014, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 108.23 244.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 123.47 244.10 Td (Financial ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 163.03 244.10 Td (Accounting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 212.71 244.10 Td (Standards ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 255.17 244.10 Td (Board ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 282.63 244.10 Td (\(the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 301.20 244.10 Td (F) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 310.46 244.10 Td (ASB\) ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 340.71 244.10 Td (issued ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 368.06 244.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 391.09 244.10 Td (2014-09, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 429.94 244.10 Td (which ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 457.40 244.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 475.98 244.10 Td (replace ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 507.87 244.10 Td (most ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 530.34 244.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 232.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 85.27 232.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 134.43 232.10 Td (guidance ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 174.14 232.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 185.54 232.10 Td (U.S. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 206.94 232.10 Td (generally ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 247.76 232.10 Td (accepted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 286.35 232.10 Td (accounting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 333.84 232.10 Td (principles ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 376.90 232.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 394.96 232.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 405.25 232.10 Td (intended ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 443.30 232.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 454.70 232.10 Td (improve ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 491.64 232.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 509.70 232.10 Td (conver) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 536.73 232.10 Td (ge ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 549.78 232.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 220.10 Td (financial ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 88.48 220.10 Td (reporting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 128.64 220.10 Td (requirements ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 184.34 220.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 199.50 220.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 234.64 220.10 Td (from ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 257.58 220.10 Td (contracts ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 297.18 220.10 Td (with ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 318.45 220.10 Td (customers ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 362.50 220.10 Td (with ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 383.78 220.10 Td (International ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 438.37 220.10 Td (Financial ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 479.08 220.10 Td (Reporting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 522.58 220.10 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 208.10 Td (\(IFRS\). ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 91.09 208.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 108.71 208.10 Td (core ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 127.99 208.10 Td (principle ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 165.61 208.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 175.56 208.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.64 208.10 Td (2014-09 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 233.05 208.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 241.80 208.10 Td (that ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 258.87 208.10 Td (an ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.38 208.10 Td (entity ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 295.23 208.10 Td (should ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 323.98 208.10 Td (recognize ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 364.92 208.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 398.64 208.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 412.38 208.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 426.67 208.10 Td (transfer ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 459.28 208.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 469.69 208.10 Td (goods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 495.66 208.10 Td (or ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 506.07 208.10 Td (services ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 540.35 208.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 196.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 59.79 196.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 74.02 196.10 Td (amount ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 106.03 196.10 Td (that ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 123.04 196.10 Td (it ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 130.61 196.10 Td (expects ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 162.61 196.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 172.40 196.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 183.86 196.10 Td (entitled ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 215.86 196.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 225.65 196.10 Td (receive ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 256.53 196.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.21 196.10 Td (those ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 293.33 196.10 Td (goods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 319.23 196.10 Td (or ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 329.58 196.10 Td (services. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 365.85 196.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 387.87 196.10 Td (2014-09 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 423.22 196.10 Td (also ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 441.34 196.10 Td (requires ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 475.56 196.10 Td (additional ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 517.57 196.10 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 184.10 Td (about ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 73.78 184.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 87.56 184.10 Td (nature, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 116.61 184.10 Td (timing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 144.29 184.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 160.30 184.10 Td (uncertainty ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 206.84 184.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 216.74 184.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 249.95 184.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 265.95 184.10 Td (cash ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 285.28 184.10 Td (flows ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 309.07 184.10 Td (arising ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 337.85 184.10 Td (from ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 358.85 184.10 Td (customer ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 397.08 184.10 Td (contracts, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 437.23 184.10 Td (including ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 476.57 184.10 Td (significant ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 520.35 184.10 Td (judgments ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 172.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 67.12 172.10 Td (changes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 102.00 172.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 112.46 172.10 Td (judgments. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 158.71 172.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 181.39 172.10 Td (2014-09 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 217.40 172.10 Td (allows ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 246.18 172.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 260.52 172.10 Td (both ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 280.97 172.10 Td (retrospective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 335.29 172.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 352.41 172.10 Td (prospective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 401.18 172.10 Td (methods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 437.74 172.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 448.75 172.10 Td (adoption ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 486.42 172.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 503.54 172.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 512.89 172.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 520.47 172.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 550.35 172.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 160.10 Td (periods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 81.96 160.10 Td (beginning ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 124.48 160.10 Td (after ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 145.31 160.10 Td (December ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 188.92 160.10 Td (15, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 203.94 160.10 Td (2016. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 228.96 160.10 Td (In ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 239.25 160.10 Td (August ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.67 160.10 Td (2015, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 295.69 160.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 310.42 160.10 Td (F) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 315.24 160.10 Td (ASB ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 337.22 160.10 Td (issued ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 364.18 160.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 386.71 160.10 Td (2015-14 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 422.56 160.10 Td (which ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 449.52 160.10 Td (provides ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 486.48 160.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 493.44 160.10 Td (one-year ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 530.93 160.10 Td (deferral ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 148.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 60.25 148.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 74.39 148.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 107.95 148.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 155.42 148.10 Td (standard) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 192.07 148.10 Td (s ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.88 148.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 205.47 148.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 234.59 148.10 Td (date. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 255.67 148.10 Td (Public ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 283.15 148.10 Td (business ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 318.96 148.10 Td (entities ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 349.76 148.10 Td (are ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 363.89 148.10 Td (required ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 399.12 148.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 408.82 148.10 Td (apply ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 432.96 148.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 447.10 148.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 480.66 148.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 528.13 148.10 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 136.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 59.72 136.10 Td (annual ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 88.31 136.10 Td (reporting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 126.91 136.10 Td (periods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 158.29 136.10 Td (beginning ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 200.22 136.10 Td (after ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 220.48 136.10 Td (December ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 263.50 136.10 Td (15, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 277.94 136.10 Td (2017, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 302.38 136.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 318.76 136.10 Td (interim ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 349.58 136.10 Td (periods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 380.96 136.10 Td (within ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 408.46 136.10 Td (those ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 431.50 136.10 Td (annual ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 460.10 136.10 Td (periods. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 493.98 136.10 Td (Early ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 517.57 136.10 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 124.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 58.13 124.10 Td (permitted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 97.91 124.10 Td (but ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 112.15 124.10 Td (not ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 126.38 124.10 Td (before ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 153.38 124.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 167.05 124.10 Td (original ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 199.62 124.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 207.21 124.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 235.87 124.10 Td (date ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 253.98 124.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 267.10 124.10 Td (public ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 293.55 124.10 Td (business ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 328.90 124.10 Td (entities ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 359.25 124.10 Td (\(annual ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 390.69 124.10 Td (reporting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 428.80 124.10 Td (periods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 459.70 124.10 Td (beginning ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 501.16 124.10 Td (after ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 520.93 124.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 112.10 Td (15, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 65.00 112.10 Td (2016\). ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 93.15 112.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 111.20 112.10 Td (option ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 139.25 112.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 149.53 112.10 Td (use ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 165.36 112.10 Td (either ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 190.63 112.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.56 112.10 Td (retrospective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 251.70 112.10 Td (or ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 262.53 112.10 Td (cumulative-ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 317.88 112.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 347.58 112.10 Td (transition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 387.86 112.10 Td (method ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 420.35 112.10 Td (did ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 435.63 112.10 Td (not ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 450.91 112.10 Td (change. ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 97.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 68.48 97.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 110.29 97.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 126.55 97.10 Td (performed ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 171.12 97.10 Td (preliminary ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 220.70 97.10 Td (assessments ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 271.96 97.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 289.33 97.10 Td (continues ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 330.58 97.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 341.29 97.10 Td (assess ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 368.66 97.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 383.81 97.10 Td (impact ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 413.95 97.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 426.88 97.10 Td (our ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 443.14 97.10 Td (accounting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 489.94 97.10 Td (practices, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 530.90 97.10 Td (policies ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 85.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 66.16 85.10 Td (procedures ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 111.76 85.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 125.14 85.10 Td (recognizing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 174.07 85.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 207.44 85.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 231.93 85.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 245.87 85.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 264.26 85.10 Td (standard. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 302.36 85.10 Td (Specifically) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 349.47 85.10 Td (, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 353.70 85.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 378.19 85.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 392.13 85.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 410.52 85.10 Td (standard, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 448.62 85.10 Td (electrical ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 486.98 85.10 Td (construction ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 538.14 85.10 Td (fixed-) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 73.10 Td (price ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 71.49 73.10 Td (contracts ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 109.09 73.10 Td (currently ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 146.70 73.10 Td (accounted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 188.74 73.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 201.90 73.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 225.85 73.10 Td (ASC ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 246.81 73.10 Td (605-35 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 276.65 73.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 293.71 73.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 304.66 73.10 Td (recognized ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 350.03 73.10 Td (over ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 369.30 73.10 Td (time ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 388.58 73.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 398.42 73.10 Td (services ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 432.14 73.10 Td (are ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 445.85 73.10 Td (performed ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 489.01 73.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 504.95 73.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 518.68 73.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 61.10 Td (obligation ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 92.98 61.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 103.19 61.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 117.83 61.10 Td (customer ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 156.92 61.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 166.02 61.10 Td (fulfilled. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 203.16 61.10 Td (Generally) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 241.93 61.10 Td (, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 246.86 61.10 Td (this ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 263.74 61.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 281.73 61.10 Td (result ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 306.37 61.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 316.58 61.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 331.23 61.10 Td (use ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 346.98 61.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 357.74 61.10 Td (input ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 380.73 61.10 Td (measures ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 420.37 61.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 432.80 61.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 439.66 61.10 Td (cost ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 458.20 61.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 468.41 61.10 Td (cost ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 486.95 61.10 Td (basis ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 509.38 61.10 Td (similar ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 539.58 61.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 549.79 61.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 49.10 Td (practices ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 88.40 49.10 Td (currently ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 127.36 49.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 138.01 49.10 Td (place ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 161.97 49.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 176.50 49.10 Td (contracts ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 215.46 49.10 Td (accounted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 258.86 49.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 273.39 49.10 Td (currently ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 312.36 49.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 337.36 49.10 Td (ASC ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 359.68 49.10 Td (605-35. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 393.17 49.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 411.59 49.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 453.34 49.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 469.54 49.10 Td (assessed ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 506.29 49.10 Td (that ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 524.16 49.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 549.79 49.10 Td (the ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 742.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 68.95 742.10 Td (guidance ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 107.34 742.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 121.85 742.10 Td (primary ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 155.80 742.10 Td (impact ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 185.31 742.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 203.16 742.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 214.89 742.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 227.18 742.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 241.70 742.10 Td (timing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.10 742.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 280.73 742.10 Td (when ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 304.68 742.10 Td (contract ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 339.18 742.10 Td (modifications ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 396.46 742.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 413.19 742.10 Td (change ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 443.80 742.10 Td (orders ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 471.09 742.10 Td (are ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 485.59 742.10 Td (recognized, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 534.24 742.10 Td (mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 730.10 Td (due ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 67.67 730.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 78.68 730.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 94.14 730.10 Td (application ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 141.80 730.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 153.36 730.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 168.81 730.10 Td (contract ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 204.25 730.10 Td (identification ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 260.80 730.10 Td (criteria. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 294.84 730.10 Td (Currently) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 332.52 730.10 Td (, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 338.25 730.10 Td (contract ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 373.69 730.10 Td (modifications ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 431.91 730.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 449.58 730.10 Td (change ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 481.13 730.10 Td (orders ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 509.36 730.10 Td (are ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 524.80 730.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 718.10 Td (included ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 86.72 718.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 96.79 718.10 Td (total ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 116.85 718.10 Td (contract ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 151.34 718.10 Td (value ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 175.29 718.10 Td (when ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 199.24 718.10 Td (executed ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 237.06 718.10 Td (by ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 249.35 718.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 263.85 718.10 Td (customer ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 302.80 718.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 313.42 718.10 Td (compared ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 355.13 718.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 365.20 718.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 379.70 718.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 398.65 718.10 Td (guidance, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 439.54 718.10 Td (when ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 463.48 718.10 Td (legally ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 492.99 718.10 Td (enforceable. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 544.24 718.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 706.10 Td (may ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 69.42 706.10 Td (result ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 93.84 706.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 103.82 706.10 Td (timing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 132.14 706.10 Td (dif) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 143.07 706.10 Td (ferences ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 178.58 706.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 190.78 706.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 205.20 706.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 252.95 706.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 262.93 706.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 296.78 706.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 313.42 706.10 Td (mar) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 328.79 706.10 Td (gin ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 343.77 706.10 Td (when ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 367.63 706.10 Td (compared ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 409.26 706.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 419.24 706.10 Td (current ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 449.76 706.10 Td (practices. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 489.84 706.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 507.59 706.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 548.68 706.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 694.10 Td (also ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 68.62 694.10 Td (assessed ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 105.02 694.10 Td (there ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 127.52 694.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 145.59 694.10 Td (not ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 160.88 694.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 172.83 694.10 Td (material ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 208.10 694.10 Td (changes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 242.82 694.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 253.12 694.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 267.85 694.10 Td (pattern ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 298.12 694.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 308.97 694.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 343.13 694.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 391.18 694.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 405.36 694.10 Td (electrical ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 444.51 694.10 Td (construction ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 496.45 694.10 Td (contracts, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 537.56 694.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 682.10 Td (are ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 64.34 682.10 Td (currently ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 102.58 682.10 Td (accounted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 145.25 682.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 159.04 682.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 171.18 682.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 177.76 682.10 Td (time ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.67 682.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 214.25 682.10 Td (materials ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 253.03 682.10 Td (basis. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 277.52 682.10 Td (These ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 303.53 682.10 Td (contracts ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 341.76 682.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 359.46 682.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 371.03 682.10 Td (treated ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 400.37 682.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 410.84 682.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 417.42 682.10 Td (series ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 442.32 682.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 452.79 682.10 Td (distinct ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 484.37 682.10 Td (services ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 518.72 682.10 Td (transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 670.10 Td (over ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 70.27 670.10 Td (time ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 90.54 670.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 107.48 670.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 125.54 670.10 Td (generally ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 165.24 670.10 Td (result ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 189.96 670.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 200.23 670.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 207.17 670.10 Td (similar ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 237.45 670.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 271.59 670.10 Td (pattern ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 301.86 670.10 Td (when ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 326.02 670.10 Td (compared ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 367.94 670.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 378.22 670.10 Td (our ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 394.05 670.10 Td (current ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 424.86 670.10 Td (accounting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 471.24 670.10 Td (policies.) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 655.10 Td (Additionally) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 99.90 655.10 Td (, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 104.45 655.10 Td (for ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 118.17 655.10 Td (real ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 135.20 655.10 Td (estate ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 160.02 655.10 Td (operations ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 203.73 655.10 Td (presented ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 244.10 655.10 Td (under ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 268.92 655.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 283.19 655.10 Td (caption ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 314.67 655.10 Td (Other ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 348.37 655.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 358.20 655.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 372.47 655.10 Td (consolidated ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 425.06 655.10 Td (financial ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 462.10 655.10 Td (statements, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 508.86 655.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 523.13 655.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 643.10 Td (estimates ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 90.29 643.10 Td (that ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 108.37 643.10 Td (there ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 131.44 643.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 150.07 643.10 Td (not ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 165.93 643.10 Td (be ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 178.45 643.10 Td (changes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 213.74 643.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 224.60 643.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 239.90 643.10 Td (pattern ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.74 643.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 282.15 643.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 316.88 643.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 365.50 643.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 383.02 643.10 Td (will ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 401.66 643.10 Td (continue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 439.17 643.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 450.03 643.10 Td (recognize ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 491.98 643.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 526.70 643.10 Td (upon ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 549.79 643.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 631.10 Td (transfer ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 83.04 631.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 93.87 631.10 Td (control ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 124.69 631.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 135.52 631.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 150.24 631.10 Td (promised ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 189.96 631.10 Td (real ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 207.44 631.10 Td (estate ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 232.71 631.10 Td (properties, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 277.69 631.10 Td (generally ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 317.39 631.10 Td (at ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 327.11 631.10 Td (time ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 347.38 631.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 358.21 631.10 Td (closing. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 392.10 631.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 616.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 67.89 616.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 109.11 616.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 118.12 616.10 Td (currently ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 156.56 616.10 Td (completing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 203.89 616.10 Td (its ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 215.68 616.10 Td (evaluation ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 259.67 616.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 270.34 616.10 Td (significant ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 314.89 616.10 Td (contracts ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 353.33 616.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 370.10 616.10 Td (assessing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 409.67 616.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 424.22 616.10 Td (potential ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 461.55 616.10 Td (changes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 496.10 616.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 512.88 616.10 Td (impact ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 542.43 616.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 552.55 616.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 604.10 Td (consolidated ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 104.47 604.10 Td (financial ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 143.38 604.10 Td (statements, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 192.02 604.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 204.28 604.10 Td (well ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 225.42 604.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 237.68 604.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 253.82 604.10 Td (method ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 287.75 604.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 300.00 604.10 Td (adoption. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 341.14 604.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 360.62 604.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 403.43 604.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 420.69 604.10 Td (identified ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 462.94 604.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 481.30 604.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 491.90 604.10 Td (in ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 503.61 604.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 519.75 604.10 Td (process ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 553.67 604.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 592.10 Td (implementing ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 108.01 592.10 Td (changes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 142.68 592.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 152.93 592.10 Td (its ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 164.84 592.10 Td (processes ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 205.63 592.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 222.53 592.10 Td (internal ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 255.54 592.10 Td (controls ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 290.22 592.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 300.46 592.10 Td (meet ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 322.36 592.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 337.04 592.10 Td (reporting ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 376.16 592.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 393.06 592.10 Td (disclosure ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 436.08 592.10 Td (requirements ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 490.74 592.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 501.54 592.10 Td (this ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 518.45 592.10 Td (update ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 547.57 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 580.10 Td (expects ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 83.11 580.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 94.01 580.10 Td (adopt ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 119.35 580.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 134.69 580.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 154.48 580.10 Td (revenue ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 189.25 580.10 Td (recognition ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 237.91 580.10 Td (guidance, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 279.63 580.10 Td (including ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 320.53 580.10 Td (all ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 333.65 580.10 Td (applicable ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 377.86 580.10 Td (subsequent ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 424.73 580.10 Td (ASUs ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 451.75 580.10 Td (issued, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 482.38 580.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 489.97 580.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 520.29 580.10 Td (January ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 554.51 580.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 568.10 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 553.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 553.10 Td (May ) Tj ET Q q 0 0 0 rg BT 82.41 553.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 107.78 553.10 Td (theF) Tj ET Q q 0 0 0 rg BT 127.32 553.10 Td (ASBissued) Tj ET Q q 0 0 0 rg BT 176.22 553.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 199.10 553.10 Td (2016-12,which ) Tj ET Q q 0 0 0 rg BT 264.74 553.10 Td (improves ) Tj ET Q q 0 0 0 rg BT 304.83 553.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 343.80 553.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.67 553.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 396.77 553.10 Td (collectability) Tj ET Q q 0 0 0 rg BT 448.32 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.69 553.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 505.44 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.64 553.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 538.95 553.10 Td (taxes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 88.16 541.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 146.60 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.10 541.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 206.82 541.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 244.98 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.48 541.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 295.75 541.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 352.80 541.10 Td (at ) Tj ET Q q 0 0 0 rg BT 362.08 541.10 Td (transition. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 404.27 541.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 421.88 541.10 Td (F) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 426.70 541.10 Td (ASB ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 448.22 541.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 463.61 541.10 Td (also ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 481.79 541.10 Td (issued ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 508.85 541.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 523.13 541.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 529.10 Td (standards ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 89.99 529.10 Td (which ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 116.64 529.10 Td (clarify ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 144.46 529.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 166.68 529.10 Td (2014-09 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 202.23 529.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 218.89 529.10 Td (have ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 239.98 529.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 254.41 529.10 Td (same ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 277.18 529.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 284.76 529.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 314.18 529.10 Td (date ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 333.06 529.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 343.60 529.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 358.04 529.10 Td (original ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 391.36 529.10 Td (standard: ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 429.74 529.10 Td (ASU2016-20, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 489.80 529.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 512.02 529.10 Td (2016-10 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 547.57 529.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 517.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 72.50 517.10 Td (2016-08. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 110.65 517.10 Td (These ) Tj ET Q q 0 0 0 rg BT 137.03 517.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 170.08 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.79 517.10 Td (ef) Tj ET Q q 0 0 0 rg BT 192.37 517.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 222.08 517.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 275.11 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.83 517.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 317.34 517.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 353.17 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.11 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 384.81 517.10 Td (also ) Tj ET Q q 0 0 0 rg BT 403.42 517.10 Td (being ) Tj ET Q q 0 0 0 rg BT 428.14 517.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 468.95 517.10 Td (by ) Tj ET Q q 0 0 0 rg BT 481.45 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.17 517.10 Td (Company) Tj ET Q q 0 0 0 rg BT 534.40 517.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.29 502.10 Td (August ) Tj ET Q q 0 0 0 rg BT 91.70 502.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 116.72 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.46 502.10 Td (F) Tj ET Q q 0 0 0 rg BT 136.28 502.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 158.25 502.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 185.21 502.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 207.73 502.10 Td (2014-15 ) Tj ET Q q 0 0 0 rg BT 243.58 502.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 282.76 502.10 Td (management ) Tj ET Q q 0 0 0 rg BT 336.36 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.66 502.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 381.39 502.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 412.79 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.74 502.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 458.92 502.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 509.77 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.61 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 532.57 502.10 Td (entity) Tj ET Q q 0 0 0 rg BT 558.12 502.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.11 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.45 490.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 125.44 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 136.33 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.33 490.10 Td (going ) Tj ET Q q 0 0 0 rg BT 168.67 490.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 202.88 490.10 Td (within ) Tj ET Q q 0 0 0 rg BT 230.99 490.10 Td (one ) Tj ET Q q 0 0 0 rg BT 247.99 490.10 Td (year ) Tj ET Q q 0 0 0 rg BT 267.76 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.65 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.43 490.10 Td (date ) Tj ET Q q 0 0 0 rg BT 312.64 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.96 490.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.73 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.50 490.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 454.37 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 472.48 490.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 508.92 490.10 Td (also ) Tj ET Q q 0 0 0 rg BT 527.58 490.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.50 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.91 478.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 151.64 478.10 Td (when ) Tj ET Q q 0 0 0 rg BT 175.71 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.56 478.10 Td (how ) Tj ET Q q 0 0 0 rg BT 212.19 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.37 478.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 257.00 478.10 Td (going-concern ) Tj ET Q q 0 0 0 rg BT 317.16 478.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 370.66 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.85 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.47 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.86 478.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 479.81 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.76 478.10 Td (new ) Tj ET Q q 0 0 0 rg BT 516.83 478.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 555.33 478.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 466.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.13 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.14 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.70 466.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 144.70 466.10 Td (period ) Tj ET Q q 0 0 0 rg BT 172.59 466.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 202.15 466.10 Td (after ) Tj ET Q q 0 0 0 rg BT 222.81 466.10 Td (December ) Tj ET Q q 0 0 0 rg BT 266.24 466.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 281.08 466.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 305.92 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.71 466.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 353.93 466.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 385.71 466.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 423.61 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 428.46 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.58 466.10 Td (early ) Tj ET Q q 0 0 0 rg BT 470.91 466.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 508.25 466.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 550.89 466.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (required ) Tj ET Q q 0 0 0 rg BT 86.70 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.08 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.67 454.10 Td (new ) Tj ET Q q 0 0 0 rg BT 135.71 454.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 175.47 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.07 454.10 Td (Company) Tj ET Q q 0 0 0 rg BT 232.73 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 240.01 454.10 Td (management ) Tj ET Q q 0 0 0 rg BT 294.47 454.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 339.51 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 352.33 454.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 397.36 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.18 454.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 456.88 454.10 Td (no ) Tj ET Q q 0 0 0 rg BT 470.26 454.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 508.63 454.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 553.68 454.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 80.74 442.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 131.76 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 142.78 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.24 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.15 442.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 212.20 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 229.89 442.10 Td (would ) Tj ET Q q 0 0 0 rg BT 257.58 442.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 279.14 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.27 442.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 331.73 442.10 Td (doubt ) Tj ET Q q 0 0 0 rg BT 357.20 442.10 Td (about ) Tj ET Q q 0 0 0 rg BT 382.11 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.01 442.10 Td (Company) Tj ET Q q 0 0 0 rg BT 438.68 442.10 Td (s ) Tj ET Q q 0 0 0 rg BT 445.26 442.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 473.50 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.97 442.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 521.09 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.11 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.24 442.10 Td (going ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (concern.) Tj ET Q q 0 0 0 rg BT 86.46 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.51 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 146.18 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.57 430.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 190.06 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.89 430.10 Td (this ) Tj ET Q q 0 0 0 rg BT 217.84 430.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 256.44 430.10 Td (did ) Tj ET Q q 0 0 0 rg BT 271.71 430.10 Td (not ) Tj ET Q q 0 0 0 rg BT 286.99 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 308.37 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.31 430.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 360.02 430.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 389.73 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.23 430.10 Td (its ) Tj ET Q q 0 0 0 rg BT 414.18 430.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 467.22 430.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.70 430.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.38 415.10 Td (April ) Tj ET Q q 0 0 0 rg BT 84.11 415.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 109.23 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.07 415.10 Td (F) Tj ET Q q 0 0 0 rg BT 128.89 415.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 150.97 415.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 178.02 415.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 200.65 415.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 236.60 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.22 415.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 285.73 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.13 415.10 Td (simplify ) Tj ET Q q 0 0 0 rg BT 332.09 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.94 415.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 398.43 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.39 415.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 429.23 415.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 465.73 415.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 490.66 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 508.84 415.10 Td (new ) Tj ET Q q 0 0 0 rg BT 528.12 415.10 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (will ) Tj ET Q q 0 0 0 rg BT 69.15 403.10 Td (more ) Tj ET Q q 0 0 0 rg BT 93.29 403.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 125.20 403.10 Td (align ) Tj ET Q q 0 0 0 rg BT 148.79 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.60 403.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 217.06 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.98 403.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 249.79 403.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 287.26 403.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.85 403.10 Td (under ) Tj ET Q q 0 0 0 rg BT 337.21 403.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 358.58 403.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 399.38 403.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 437.94 403.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 485.40 403.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 528.43 403.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.80 403.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 101.20 391.10 Td (under ) Tj ET Q q 0 0 0 rg BT 126.29 391.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 175.26 391.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 198.71 391.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 241.31 391.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 263.07 391.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 299.27 391.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 321.60 391.10 Td (related ) Tj ET Q q 0 0 0 rg BT 351.13 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.24 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.00 391.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 414.19 391.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 433.73 391.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 467.17 391.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.05 391.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.82 391.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 537.46 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 391.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.90 379.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 105.82 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.52 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.33 379.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 148.46 379.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 190.26 379.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.07 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.66 379.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.24 379.10 Td (liability) Tj ET Q q 0 0 0 rg BT 276.70 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.57 379.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 311.72 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.86 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.45 379.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 387.69 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.39 379.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 417.98 379.10 Td (discounts. ) Tj ET Q q 0 0 0 rg BT 460.10 379.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 482.48 379.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 518.18 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.22 379.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 379.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.63 367.10 Td (public ) Tj ET Q q 0 0 0 rg BT 90.60 367.10 Td (business ) Tj ET Q q 0 0 0 rg BT 126.46 367.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 157.31 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.94 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 194.57 367.10 Td (years ) Tj ET Q q 0 0 0 rg BT 217.63 367.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 259.60 367.10 Td (after ) Tj ET Q q 0 0 0 rg BT 279.89 367.10 Td (December ) Tj ET Q q 0 0 0 rg BT 322.94 367.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 337.41 367.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 361.88 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.29 367.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 409.14 367.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.55 367.10 Td (within ) Tj ET Q q 0 0 0 rg BT 468.08 367.10 Td (those ) Tj ET Q q 0 0 0 rg BT 491.15 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 514.78 367.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 540.35 367.10 Td (Early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 87.25 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.17 355.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 139.09 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 156.89 355.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 175.25 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.84 355.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 216.43 355.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 235.90 355.10 Td (will ) Tj ET Q q 0 0 0 rg BT 253.71 355.10 Td (no ) Tj ET Q q 0 0 0 rg BT 265.97 355.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 293.77 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 305.46 355.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 342.70 355.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.28 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.97 355.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 394.98 355.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 419.18 355.10 Td (except ) Tj ET Q q 0 0 0 rg BT 447.52 355.10 Td (when ) Tj ET Q q 0 0 0 rg BT 471.44 355.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 507.01 355.10 Td (before ) Tj ET Q q 0 0 0 rg BT 534.80 355.10 Td (receipt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.93 343.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 108.23 343.10 Td (from ) Tj ET Q q 0 0 0 rg BT 129.86 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.27 343.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 187.56 343.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 206.97 343.10 Td (liability) Tj ET Q q 0 0 0 rg BT 237.43 343.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.12 343.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 269.30 343.10 Td (current ) Tj ET Q q 0 0 0 rg BT 299.81 343.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.79 343.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 359.18 343.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 396.34 343.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 442.41 343.10 Td (principles, ) Tj ET Q q 0 0 0 rg BT 486.53 343.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 505.94 343.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 542.01 343.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.82 331.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 100.75 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.36 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.19 331.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 161.34 331.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 184.50 331.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.44 331.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 221.39 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.44 331.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 281.04 331.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.98 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.03 331.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 361.16 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 379.32 331.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 401.93 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 420.10 331.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 457.15 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.54 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.59 331.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 522.19 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.58 331.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.08 319.10 Td (using ) Tj ET Q q 0 0 0 rg BT 107.63 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.72 319.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.31 319.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 158.38 319.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 189.69 319.10 Td (method. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 224.06 319.10 Td (Subsequent ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 272.05 319.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 281.70 319.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 295.79 319.10 Td (issuance ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 331.54 319.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 341.33 319.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 363.21 319.10 Td (2015-03 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 398.42 319.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 412.51 319.10 Td (Securities ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 453.82 319.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 470.13 319.10 Td (Exchange ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 511.43 319.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 307.10 Td (staf) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 64.26 307.10 Td (f ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 69.84 307.10 Td (made ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 93.75 307.10 Td (an ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 105.43 307.10 Td (announcement ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 166.00 307.10 Td (regarding ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 206.56 307.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 221.03 307.10 Td (presentation ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 272.15 307.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 282.73 307.10 Td (debt ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 302.20 307.10 Td (issuance ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 338.33 307.10 Td (costs ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 360.58 307.10 Td (associated ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 403.93 307.10 Td (with ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 423.96 307.10 Td (line-of-credit ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 478.96 307.10 Td (arrangements, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 537.57 307.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 295.10 Td (was ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 68.00 295.10 Td (codified ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 103.22 295.10 Td (by ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 115.67 295.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 130.34 295.10 Td (F) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 135.16 295.10 Td (ASB ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 157.06 295.10 Td (in) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 166.79 295.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 189.24 295.10 Td (2015-15. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 227.35 295.10 Td (This ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 247.58 295.10 Td (guidance, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 288.62 295.10 Td (which ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 315.51 295.10 Td (clarifies ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 350.16 295.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 364.83 295.10 Td (exclusion ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 405.61 295.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 416.39 295.10 Td (line-of-credit ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 471.59 295.10 Td (arrangements ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 527.90 295.10 Td (from ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 549.79 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 283.10 Td (scope ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 75.16 283.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 85.35 283.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 107.75 283.10 Td (2015-03, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 145.97 283.10 Td (is ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 155.03 283.10 Td (ef) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 162.61 283.10 Td (fective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 192.21 283.10 Td (upon ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 214.60 283.10 Td (adoption ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 251.98 283.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 262.18 283.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 284.57 283.10 Td (2015-03. ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 322.62 283.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 340.55 283.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 381.83 283.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 397.55 283.10 Td (adopted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 431.60 283.10 Td (both ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 451.24 283.10 Td (ASU ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 473.63 283.10 Td (2015-03 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 509.35 283.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 526.18 283.10 Td (2015-15. ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 271.10 Td (This ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 70.28 271.10 Td (new ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 89.44 271.10 Td (guidance ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 128.03 271.10 Td (was ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 146.08 271.10 Td (applied ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 178.02 271.10 Td (on ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 190.52 271.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.46 271.10 Td (retrospective ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 251.60 271.10 Td (basis. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 256.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.18 256.10 Td (November ) Tj ET Q q 0 0 0 rg BT 104.24 256.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 128.59 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.65 256.10 Td (F) Tj ET Q q 0 0 0 rg BT 147.47 256.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 168.77 256.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 195.22 256.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 217.07 256.10 Td (2015-17to ) Tj ET Q q 0 0 0 rg BT 262.53 256.10 Td (simplify ) Tj ET Q q 0 0 0 rg BT 297.71 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.78 256.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 362.50 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.68 256.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 407.84 256.10 Td (income ) Tj ET Q q 0 0 0 rg BT 439.12 256.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 461.52 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 473.37 256.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 511.87 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.71 256.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.39 244.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 91.89 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.50 244.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 149.89 244.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.50 244.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 203.44 244.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.94 244.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 264.76 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.71 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.10 244.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 324.81 244.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 350.80 244.10 Td (The ) Tj ET Q q 0 0 0 rg BT 369.52 244.10 Td (new ) Tj ET Q q 0 0 0 rg BT 389.35 244.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 428.62 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 438.46 244.10 Td (ef) Tj ET Q q 0 0 0 rg BT 446.05 244.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 476.42 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.26 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.65 244.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 536.47 244.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 79.86 232.10 Td (after ) Tj ET Q q 0 0 0 rg BT 100.83 232.10 Td (December ) Tj ET Q q 0 0 0 rg BT 144.56 232.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 159.71 232.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.86 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.94 232.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 233.47 232.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 265.56 232.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 303.46 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.61 232.10 Td (with ) Tj ET Q q 0 0 0 rg BT 329.03 232.10 Td (early ) Tj ET Q q 0 0 0 rg BT 351.67 232.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 389.31 232.10 Td (permitted. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 432.59 232.10 Td (The ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 450.78 232.10 Td (Company ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 492.32 232.10 Td (has ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 508.29 232.10 Td (adopted ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 542.01 232.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 50.00 220.10 Td (2015-17 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 85.83 220.10 Td (prospectively ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 142.20 220.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 153.03 220.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 163.86 220.10 Td (January ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 197.46 220.10 Td (1, ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 207.46 220.10 Td (2016 ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 229.96 220.10 Td (and ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 246.90 220.10 Td (there ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 269.38 220.10 Td (were ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 291.31 220.10 Td (no ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 303.81 220.10 Td (adjustments ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 354.09 220.10 Td (made ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 378.24 220.10 Td (to ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 388.52 220.10 Td (prior ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 410.46 220.10 Td (periods ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 442.40 220.10 Td (as ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 453.23 220.10 Td (a ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 460.17 220.10 Td (result ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 484.88 220.10 Td (of ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 495.71 220.10 Td (the ) Tj ET Q q 0.1450980392156863 0.1450980392156863 0.1450980392156863 rg BT 510.43 220.10 Td (adoption.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 205.10 Td (InFebruary ) Tj ET Q q 0 0 0 rg BT 98.55 205.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 122.68 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.52 205.10 Td (F) Tj ET Q q 0 0 0 rg BT 141.34 205.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 162.41 205.10 Td (issued) Tj ET Q q 0 0 0 rg BT 189.36 205.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 210.99 205.10 Td (2016-02,to ) Tj ET Q q 0 0 0 rg BT 258.72 205.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.10 205.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 345.81 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.87 205.10 Td (comparability ) Tj ET Q q 0 0 0 rg BT 419.03 205.10 Td (among ) Tj ET Q q 0 0 0 rg BT 447.87 205.10 Td (or) Tj ET Q q 0 0 0 rg BT 456.02 205.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 503.18 205.10 Td (by ) Tj ET Q q 0 0 0 rg BT 514.81 205.10 Td (recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (all ) Tj ET Q q 0 0 0 rg BT 63.25 193.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 86.49 193.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 137.51 193.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 161.88 193.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 187.35 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.38 193.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 227.74 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.32 193.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 252.58 193.10 Td (months\) ) Tj ET Q q 0 0 0 rg BT 288.61 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.87 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.34 193.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 351.13 193.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 374.93 193.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.52 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.21 193.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 417.45 193.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 451.82 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.51 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.21 193.10 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 527.67 193.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 550.36 193.10 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (defined\). ) Tj ET Q q 0 0 0 rg BT 88.13 181.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 111.10 181.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 147.41 181.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.05 181.10 Td (ef) Tj ET Q q 0 0 0 rg BT 164.63 181.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.81 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.44 181.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 234.06 181.10 Td (years ) Tj ET Q q 0 0 0 rg BT 258.13 181.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 301.10 181.10 Td (after ) Tj ET Q q 0 0 0 rg BT 322.38 181.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.44 181.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 381.91 181.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 407.38 181.10 Td (including ) Tj ET Q q 0 0 0 rg BT 448.12 181.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 479.97 181.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 512.38 181.10 Td (within ) Tj ET Q q 0 0 0 rg BT 540.91 181.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.58 169.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 99.10 169.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.81 169.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 146.27 169.10 Td (application ) Tj ET Q q 0 0 0 rg BT 192.62 169.10 Td (permitted.Upon ) Tj ET Q q 0 0 0 rg BT 260.09 169.10 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 299.51 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.65 169.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 339.45 169.10 Td (will ) Tj ET Q q 0 0 0 rg BT 356.93 169.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 381.08 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.22 169.10 Td (new ) Tj ET Q q 0 0 0 rg BT 413.80 169.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 449.61 169.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 510.95 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.65 169.10 Td (all ) Tj ET Q q 0 0 0 rg BT 532.57 169.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.09 157.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.19 157.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 161.39 157.10 Td (using ) Tj ET Q q 0 0 0 rg BT 184.83 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.04 157.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 237.25 157.10 Td (ef) Tj ET Q q 0 0 0 rg BT 244.83 157.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.59 157.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 307.25 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.80 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.79 157.10 Td (year ) Tj ET Q q 0 0 0 rg BT 349.77 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.88 157.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 401.52 157.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.84 157.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 459.50 157.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 491.26 157.10 Td (this ) Tj ET Q q 0 0 0 rg BT 507.48 157.10 Td (new ) Tj ET Q q 0 0 0 rg BT 525.91 157.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.11 145.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 84.65 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.42 145.10 Td (material ) Tj ET Q q 0 0 0 rg BT 126.50 145.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 161.59 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.70 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.25 145.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.91 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.68 145.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 268.22 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 280.55 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.10 145.10 Td (Company) Tj ET Q q 0 0 0 rg BT 336.77 145.10 Td (s ) Tj ET Q q 0 0 0 rg BT 342.99 145.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 395.86 145.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 428.72 145.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 457.82 145.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.70 145.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.92 145.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.92 145.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 90.31 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.63 133.10 Td (ef) Tj ET Q q 0 0 0 rg BT 113.21 133.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 131.29 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.60 133.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 184.69 133.10 Td (will ) Tj ET Q q 0 0 0 rg BT 203.34 133.10 Td (have ) Tj ET Q q 0 0 0 rg BT 225.31 133.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.40 133.10 Td (its ) Tj ET Q q 0 0 0 rg BT 250.94 133.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 304.58 133.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.65 133.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 387.96 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.38 133.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 434.19 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 452.83 133.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 483.13 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.55 133.10 Td (this ) Tj ET Q q 0 0 0 rg BT 511.41 133.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 534.51 133.10 Td (isnon-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (cashin ) Tj ET Q q 0 0 0 rg BT 79.50 121.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 108.44 121.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 145.97 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.64 121.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 199.98 121.10 Td (does ) Tj ET Q q 0 0 0 rg BT 219.77 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 234.00 121.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 261.54 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.21 121.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 311.66 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.44 121.10 Td (this ) Tj ET Q q 0 0 0 rg BT 337.34 121.10 Td (new ) Tj ET Q q 0 0 0 rg BT 355.46 121.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 393.00 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.23 121.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.56 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.45 121.10 Td (material ) Tj ET Q q 0 0 0 rg BT 462.67 121.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 491.33 121.10 Td (on ) Tj ET Q q 0 0 0 rg BT 502.78 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 121.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 121.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 109.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.99 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.82 109.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 139.06 109.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.43 94.10 Td (August ) Tj ET Q q 0 0 0 rg BT 89.73 94.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 113.65 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.28 94.10 Td (F) Tj ET Q q 0 0 0 rg BT 132.10 94.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 152.96 94.10 Td (issued) Tj ET Q q 0 0 0 rg BT 179.91 94.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 201.33 94.10 Td (2016-15, ) Tj ET Q q 0 0 0 rg BT 238.57 94.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.42 94.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 300.27 94.10 Td (clarification ) Tj ET Q q 0 0 0 rg BT 349.99 94.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 389.72 94.10 Td (how ) Tj ET Q q 0 0 0 rg BT 408.35 94.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.97 94.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 456.15 94.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 488.66 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.51 94.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 523.69 94.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.20 82.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 104.50 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.93 82.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 160.69 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.46 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.67 82.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 224.98 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.30 82.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.06 82.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 281.63 82.10 Td (This ) Tj ET Q q 0 0 0 rg BT 301.40 82.10 Td (update ) Tj ET Q q 0 0 0 rg BT 330.04 82.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 370.36 82.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 392.34 82.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 425.43 82.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.19 82.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 465.51 82.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 491.39 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.16 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.37 82.10 Td (objective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 70.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 97.61 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.98 70.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 145.79 70.10 Td (diversity ) Tj ET Q q 0 0 0 rg BT 182.93 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.86 70.10 Td (practice. ) Tj ET Q q 0 0 0 rg BT 229.15 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.30 70.10 Td (In ) Tj ET Q q 0 0 0 rg BT 241.78 70.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 279.20 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.13 70.10 Td (November ) Tj ET Q q 0 0 0 rg BT 333.48 70.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 358.13 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.50 70.10 Td (F) Tj ET Q q 0 0 0 rg BT 377.31 70.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 398.92 70.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 425.59 70.10 Td (ASU2016-18, ) Tj ET Q q 0 0 0 rg BT 486.07 70.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.66 70.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 547.02 70.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.27 58.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 125.85 58.10 Td (described ) Tj ET Q q 0 0 0 rg BT 166.55 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.27 58.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 216.85 58.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.00 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.82 58.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 293.41 58.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.56 58.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 361.48 58.10 Td (should ) Tj ET Q q 0 0 0 rg BT 390.54 58.10 Td (be ) Tj ET Q q 0 0 0 rg BT 402.36 58.10 Td (included ) Tj ET Q q 0 0 0 rg BT 439.17 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.34 58.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 479.49 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.31 58.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.46 58.10 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (when ) Tj ET Q q 0 0 0 rg BT 74.42 46.10 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 122.15 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.12 46.10 Td (beginning-of-period ) Tj ET Q q 0 0 0 rg BT 220.41 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.60 46.10 Td (end-of-period ) Tj ET Q q 0 0 0 rg BT 295.34 46.10 Td (total ) Tj ET Q q 0 0 0 rg BT 315.86 46.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 352.51 46.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 381.38 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.13 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.10 46.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 450.18 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.26 46.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.79 46.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 509.27 46.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 531.47 46.10 Td (updates ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 72.30 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 102.00 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.16 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 145.32 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.26 742.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 193.65 742.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 225.59 742.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 268.09 742.10 Td (after ) Tj ET Q q 0 0 0 rg BT 288.90 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 332.49 742.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 347.49 742.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 372.50 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 392.78 742.10 Td (early ) Tj ET Q q 0 0 0 rg BT 415.26 742.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 452.76 742.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 495.90 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.95 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 555.34 742.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.59 730.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 128.32 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.03 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 150.62 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 168.11 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.60 730.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 223.10 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.93 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 256.97 730.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 297.24 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 315.30 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 336.67 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 349.17 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 361.12 730.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 414.17 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 451.65 730.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.17 715.10 Td (October ) Tj ET Q q 0 0 0 rg BT 94.21 715.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 118.54 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 715.10 Td (F) Tj ET Q q 0 0 0 rg BT 137.41 715.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 158.70 715.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 185.13 715.10 Td (ASU2016-16, ) Tj ET Q q 0 0 0 rg BT 245.30 715.10 Td (which ) Tj ET Q q 0 0 0 rg BT 271.57 715.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 314.51 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.56 715.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 378.71 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.32 715.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 410.69 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.74 715.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 472.12 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.28 715.10 Td (current ) Tj ET Q q 0 0 0 rg BT 512.43 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.71 715.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.91 703.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 104.93 703.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.07 703.10 Td (an ) Tj ET Q q 0 0 0 rg BT 130.99 703.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 177.89 703.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.81 703.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 232.82 703.10 Td (until ) Tj ET Q q 0 0 0 rg BT 253.63 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.33 703.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 290.24 703.10 Td (has ) Tj ET Q q 0 0 0 rg BT 306.05 703.10 Td (been ) Tj ET Q q 0 0 0 rg BT 327.41 703.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 346.55 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.81 703.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.72 703.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 400.09 703.10 Td (party) Tj ET Q q 0 0 0 rg BT 419.98 703.10 Td (. ) Tj ET Q q 0 0 0 rg BT 424.96 703.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 452.43 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.12 703.10 Td (new ) Tj ET Q q 0 0 0 rg BT 486.26 703.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 527.33 703.10 Td (an ) Tj ET Q q 0 0 0 rg BT 539.25 703.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (should ) Tj ET Q q 0 0 0 rg BT 78.70 691.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 119.59 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.84 691.10 Td (income ) Tj ET Q q 0 0 0 rg BT 165.31 691.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.56 691.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 236.56 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.92 691.10 Td (an ) Tj ET Q q 0 0 0 rg BT 258.39 691.10 Td (intra-entity ) Tj ET Q q 0 0 0 rg BT 304.85 691.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 337.42 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.78 691.10 Td (an ) Tj ET Q q 0 0 0 rg BT 359.25 691.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 380.72 691.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.30 691.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.55 691.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 462.91 691.10 Td (when ) Tj ET Q q 0 0 0 rg BT 486.60 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.84 691.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 533.41 691.10 Td (occurs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.51 679.10 Td (update ) Tj ET Q q 0 0 0 rg BT 99.91 679.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.31 679.10 Td (ef) Tj ET Q q 0 0 0 rg BT 116.90 679.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 146.84 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.23 679.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 185.62 679.10 Td (years ) Tj ET Q q 0 0 0 rg BT 209.46 679.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 252.19 679.10 Td (after ) Tj ET Q q 0 0 0 rg BT 273.24 679.10 Td (December15, ) Tj ET Q q 0 0 0 rg BT 332.06 679.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 357.30 679.10 Td (including ) Tj ET Q q 0 0 0 rg BT 397.81 679.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 429.42 679.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 461.60 679.10 Td (within ) Tj ET Q q 0 0 0 rg BT 489.89 679.10 Td (those ) Tj ET Q q 0 0 0 rg BT 513.73 679.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 538.13 679.10 Td (years; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (early ) Tj ET Q q 0 0 0 rg BT 72.31 667.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 109.62 667.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.62 667.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 159.26 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.02 667.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.01 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.11 667.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.87 667.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 238.63 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 250.95 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.71 667.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 296.13 667.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 350.10 667.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 372.42 667.10 Td (through ) Tj ET Q q 0 0 0 rg BT 405.85 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.61 667.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 467.95 667.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.26 667.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 531.46 667.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 655.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 97.88 655.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 135.71 655.10 Td (at ) Tj ET Q q 0 0 0 rg BT 146.88 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.05 655.10 Td (time ) Tj ET Q q 0 0 0 rg BT 184.77 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.05 655.10 Td (adoption.) Tj ET Q q 0 0 0 rg BT 236.87 655.10 Td (The ) Tj ET Q q 0 0 0 rg BT 256.37 655.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.20 655.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.82 655.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 349.87 655.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 391.04 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.21 655.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.37 655.10 Td (that ) Tj ET Q q 0 0 0 rg BT 457.32 655.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 496.27 655.10 Td (will ) Tj ET Q q 0 0 0 rg BT 515.77 655.10 Td (have ) Tj ET Q q 0 0 0 rg BT 538.60 655.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.55 655.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 643.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 643.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Note 2 Costs and Estimated Earnings on Uncompleted Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 95.37 613.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 141.84 613.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 181.08 613.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 233.12 613.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 271.81 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.20 613.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 318.68 613.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 361.82 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.09 613.10 Td (using ) Tj ET Q q 0 0 0 rg BT 400.36 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.18 613.10 Td (percentage-of-completion ) Tj ET Q q 0 0 0 rg BT 521.07 613.10 Td (method ) Tj ET Q q 0 0 0 rg BT 553.67 613.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 601.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.41 601.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 116.91 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.07 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.79 601.10 Td (years ) Tj ET Q q 0 0 0 rg BT 169.39 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.22 601.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 571.6 m 493.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 571.6 m 562.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 571.6 m 562.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 541.6 m 493.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 541.6 m 562.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 511.6 m 493.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 511.6 m 562.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 497.6 m 493.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 495.6 m 493.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 497.6 m 562.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.6 m 562.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 451.6 m 493.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.6 m 562.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 437.6 m 493.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 435.6 m 493.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 437.6 m 562.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 435.6 m 562.5 435.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.50 575.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.50 575.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.27 Td (Costs incurred on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 561.27 Td (47,282,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 561.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 561.27 Td (46,719,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.27 Td (Estimated earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 546.27 Td (18,644,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 546.27 Td (18,910,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 531.27 Td (65,926,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 531.27 Td (65,630,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.27 Td (Less billings to date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 516.27 Td (59,458,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 516.27 Td (55,572,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 501.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 501.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 501.27 Td (6,468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 501.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 501.27 Td (10,058,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.27 Td (Included in the consolidated balance sheets underthe following captions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 471.27 Td (Costs and estimated earnings in excess of billings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 471.27 Td (7,313,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 471.27 Td (10,292,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 456.27 Td (Billings in excess of costs and estimated earnings on uncompleted contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 456.32 Td (\(845,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 456.32 Td (\(234,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 441.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 441.27 Td (6,468,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 441.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 441.27 Td (10,058,038) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.76 422.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 103.87 422.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 128.86 422.10 Td (but ) Tj ET Q q 0 0 0 rg BT 143.85 422.10 Td (not ) Tj ET Q q 0 0 0 rg BT 158.85 422.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 178.28 422.10 Td (by ) Tj ET Q q 0 0 0 rg BT 190.50 422.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 233.26 422.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 269.92 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.91 422.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 317.67 422.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 361.56 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.10 422.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 413.75 422.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 452.61 422.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 504.26 422.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 542.57 422.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 69.44 410.10 Td (million ) Tj ET Q q 0 0 0 rg BT 100.28 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.66 410.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 136.11 410.10 Td (million ) Tj ET Q q 0 0 0 rg BT 166.95 410.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.22 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.50 410.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.52 410.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 267.47 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.85 410.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 308.30 410.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 355.96 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.40 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.79 410.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.94 410.10 Td (included ) Tj ET Q q 0 0 0 rg BT 427.32 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.04 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.20 410.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 511.46 410.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.03 398.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 109.97 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.25 398.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 157.73 398.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 201.31 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.25 398.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 251.84 398.10 Td (billings. ) Tj ET Q q 0 0 0 rg BT 286.84 398.10 Td (Retainage ) Tj ET Q q 0 0 0 rg BT 329.32 398.10 Td (is ) Tj ET Q q 0 0 0 rg BT 338.49 398.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 376.52 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.80 398.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.74 398.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 437.33 398.10 Td (within ) Tj ET Q q 0 0 0 rg BT 465.39 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.10 398.10 Td (next ) Tj ET Q q 0 0 0 rg BT 499.82 398.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 528.97 398.10 Td (months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (Note 3 Income ) Tj ET Q q 0 0 0 rg BT 121.47 383.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.22 383.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.89 368.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.12 368.10 Td (table ) Tj ET Q q 0 0 0 rg BT 130.90 368.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.01 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.57 368.10 Td (income ) Tj ET Q q 0 0 0 rg BT 212.34 368.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.90 368.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 267.02 368.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.80 368.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 333.92 368.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 377.92 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.92 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.48 368.10 Td (years ) Tj ET Q q 0 0 0 rg BT 429.92 368.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 456.14 368.10 Td (December ) Tj ET Q q 0 0 0 rg BT 499.57 368.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 511.91 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.58 368.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 338.6 m 492.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 338.6 m 561.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 293.6 m 492.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 293.6 m 561.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 278.6 m 492.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 278.6 m 561.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 233.60000000000002 m 492.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 233.60000000000002 m 561.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 233.60000000000002 m 492.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 218.60000000000002 m 492.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 233.60000000000002 m 561.5 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 218.60000000000002 m 561.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 204.60000000000002 m 492.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 202.60000000000002 m 492.5 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 204.60000000000002 m 561.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 202.60000000000002 m 561.5 202.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 342.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 342.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 328.27 Td (Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 313.27 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 313.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 313.27 Td (6,157,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 313.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 313.27 Td (1,423,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 298.27 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 298.27 Td (1,014,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 298.27 Td (422,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 283.27 Td (7,172,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 283.27 Td (1,845,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 268.27 Td (Deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 253.27 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 253.27 Td (570,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 253.27 Td (1,348,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 238.27 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 238.27 Td (66,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 238.27 Td (184,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 223.27 Td (637,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 223.27 Td (1,532,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 208.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 208.27 Td (7,809,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 208.27 Td (3,378,205) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 189.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 189.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 189.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.35 189.10 Td (total ) Tj ET Q q 0 0 0 rg BT 201.63 189.10 Td (income ) Tj ET Q q 0 0 0 rg BT 233.56 189.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 248.28 189.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 288.55 189.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.71 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.43 189.10 Td (years ) Tj ET Q q 0 0 0 rg BT 341.03 189.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 367.41 189.10 Td (December ) Tj ET Q q 0 0 0 rg BT 410.99 189.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 423.49 189.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.32 189.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 159.60000000000002 m 492.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 159.60000000000002 m 561.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 159.60000000000002 m 561.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 129.60000000000002 m 492.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 129.60000000000002 m 561.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 115.60000000000002 m 492.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 113.60000000000002 m 492.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 115.60000000000002 m 561.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 113.60000000000002 m 561.5 113.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 163.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 163.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 149.27 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 149.27 Td (7,809,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 149.27 Td (3,378,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 134.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 134.32 Td (\(66,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 134.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 134.32 Td (\(200,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 134.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 119.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 119.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 119.27 Td (7,743,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 119.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 119.27 Td (3,177,446) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.89 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.11 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 130.88 742.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 165.99 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.55 742.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 223.98 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 234.91 742.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 270.55 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.33 742.10 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 348.25 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.02 742.10 Td (give ) Tj ET Q q 0 0 0 rg BT 394.58 742.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 411.36 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.47 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 457.12 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.67 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.34 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.12 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 553.68 742.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 730.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.41 730.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 116.91 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.74 730.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 698.6 m 492.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 698.6 m 561.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 698.6 m 492.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 698.6 m 561.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 531.6 m 492.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 516.6 m 492.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 531.6 m 561.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 516.6 m 561.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 456.6 m 492.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 441.6 m 492.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 456.6 m 561.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 441.6 m 561.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 427.6 m 492.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 425.6 m 492.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 427.6 m 561.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 425.6 m 561.5 425.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 703.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 703.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 686.27 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 671.27 Td (Accrued vacation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 671.27 Td (146,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 671.27 Td (161,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 656.27 Td (Acquisition costs capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 656.27 Td (98,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 656.27 Td (104,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 641.27 Td (Accrued remediation costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 641.27 Td (80,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 641.27 Td (91,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 626.27 Td (Accrued payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 626.27 Td (122,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 626.27 Td (226,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 611.27 Td (Accrued workers compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 611.27 Td (127,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 611.27 Td (182,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 596.27 Td (Capitalized bidding costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 596.27 Td (8,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 596.27 Td (8,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 581.27 Td (Inventory adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 581.27 Td (133,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 581.27 Td (159,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 566.27 Td (Accrued lease expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 566.27 Td (32,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 566.27 Td (36,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 551.27 Td (Accrued contract losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 551.27 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 551.27 Td (24,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 536.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 536.27 Td (5,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 536.27 Td (3,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 521.27 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 521.27 Td (754,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 521.27 Td (999,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.27 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 491.27 Td (Deferred gain on installment notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 491.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 491.32 Td (\(11,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 491.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 476.27 Td (Tax amortization in excess of financial statement amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 476.32 Td (\(12,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 476.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 476.32 Td (\(8,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 476.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 461.27 Td (Tax depreciation in excess of financial statement depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 461.32 Td (\(8,947,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 461.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 461.32 Td (\(8,535,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 461.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 446.27 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 446.32 Td (\(8,959,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 446.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 446.32 Td (\(8,554,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 446.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 431.27 Td (Total net deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 431.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 431.32 Td (\(8,204,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 431.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 431.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 431.32 Td (\(7,555,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 431.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.54 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.29 412.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 132.80 412.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 157.72 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.37 412.10 Td (current ) Tj ET Q q 0 0 0 rg BT 203.11 412.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 238.84 412.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.48 412.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.23 412.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 321.07 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.27 412.10 Td ($0 ) Tj ET Q q 0 0 0 rg BT 343.70 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.56 412.10 Td ($773,000 ) Tj ET Q q 0 0 0 rg BT 405.48 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.24 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.99 412.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 485.50 412.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 507.92 412.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 547.56 412.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.99 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.41 400.10 Td (early ) Tj ET Q q 0 0 0 rg BT 96.61 400.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 133.81 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.86 400.10 Td (ASU2015-17. ) Tj ET Q q 0 0 0 rg BT 204.24 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 222.00 400.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 270.85 400.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 306.37 400.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 320.79 400.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 360.22 400.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 401.84 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.83 400.10 Td ($8.2 ) Tj ET Q q 0 0 0 rg BT 431.54 400.10 Td (million ) Tj ET Q q 0 0 0 rg BT 462.64 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.17 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.71 400.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.01 400.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.46 388.10 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 90.97 388.10 Td (million ) Tj ET Q q 0 0 0 rg BT 121.88 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.23 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.57 388.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.67 388.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 222.69 388.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 252.48 388.10 Td (due ) Tj ET Q q 0 0 0 rg BT 268.94 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.73 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.96 388.10 Td (early ) Tj ET Q q 0 0 0 rg BT 314.97 388.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 351.98 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.88 388.10 Td (ASU2015-17 ) Tj ET Q q 0 0 0 rg BT 419.73 388.10 Td (of) Tj ET Q q 0 0 0 rg BT 427.88 388.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 444.33 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 456.35 388.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.36 388.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 512.59 388.10 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.58 376.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 87.48 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.60 376.10 Td (book ) Tj ET Q q 0 0 0 rg BT 119.40 376.10 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 172.99 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 190.34 376.10 Td (Protecting ) Tj ET Q q 0 0 0 rg BT 232.84 376.10 Td (Americans ) Tj ET Q q 0 0 0 rg BT 277.96 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.07 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.48 376.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 315.72 376.10 Td (Hikes ) Tj ET Q q 0 0 0 rg BT 340.45 376.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 356.69 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.81 376.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 388.61 376.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 422.07 376.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 447.76 376.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 498.98 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.44 376.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.45 376.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 364.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 86.66 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.60 364.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 142.19 364.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 168.58 364.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 220.50 364.10 Td (through ) Tj ET Q q 0 0 0 rg BT 254.11 364.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.19 349.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.15 349.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 140.69 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.66 349.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 187.61 349.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.47 349.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.45 349.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.30 349.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 277.59 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.24 349.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.32 349.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 337.18 349.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 382.86 349.10 Td (if ) Tj ET Q q 0 0 0 rg BT 391.61 349.10 Td (based ) Tj ET Q q 0 0 0 rg BT 417.03 349.10 Td (on ) Tj ET Q q 0 0 0 rg BT 429.67 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.53 349.10 Td (available ) Tj ET Q q 0 0 0 rg BT 483.27 349.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 523.95 349.10 Td (it ) Tj ET Q q 0 0 0 rg BT 532.15 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 541.46 349.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 75.04 337.10 Td (than ) Tj ET Q q 0 0 0 rg BT 94.53 337.10 Td (not ) Tj ET Q q 0 0 0 rg BT 109.57 337.10 Td (such ) Tj ET Q q 0 0 0 rg BT 130.17 337.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.77 337.10 Td (will ) Tj ET Q q 0 0 0 rg BT 173.59 337.10 Td (not ) Tj ET Q q 0 0 0 rg BT 188.64 337.10 Td (be ) Tj ET Q q 0 0 0 rg BT 200.35 337.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 236.59 337.10 Td (The ) Tj ET Q q 0 0 0 rg BT 254.41 337.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 289.44 337.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 333.91 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.51 337.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 380.08 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.56 337.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.16 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.10 337.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 472.46 337.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.73 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.22 337.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 553.69 337.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.90 325.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 106.79 325.10 Td (income ) Tj ET Q q 0 0 0 rg BT 138.25 325.10 Td (during ) Tj ET Q q 0 0 0 rg BT 166.38 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.62 325.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 212.08 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.89 325.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.35 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.59 325.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 297.92 325.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 312.15 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.51 325.10 Td (are ) Tj ET Q q 0 0 0 rg BT 351.74 325.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 389.29 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.09 325.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.56 325.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 451.99 325.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.35 325.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 492.97 325.10 Td (In ) Tj ET Q q 0 0 0 rg BT 503.33 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.56 325.10 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.98 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.75 313.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 110.28 313.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 155.64 313.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 203.50 313.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 259.69 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.69 313.10 Td (given ) Tj ET Q q 0 0 0 rg BT 293.23 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.33 313.10 Td (all ) Tj ET Q q 0 0 0 rg BT 315.65 313.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 349.64 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.40 313.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 402.60 313.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 440.45 313.10 Td (related ) Tj ET Q q 0 0 0 rg BT 469.98 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.08 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.62 313.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 539.15 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 313.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.50 301.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 99.92 301.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 127.79 301.10 Td (This ) Tj ET Q q 0 0 0 rg BT 147.76 301.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 194.40 301.10 Td (considers, ) Tj ET Q q 0 0 0 rg BT 236.86 301.10 Td (among ) Tj ET Q q 0 0 0 rg BT 266.28 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.02 301.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 323.15 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.57 301.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 367.25 301.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 409.42 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.06 301.10 Td (severity ) Tj ET Q q 0 0 0 rg BT 459.91 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.44 301.10 Td (current ) Tj ET Q q 0 0 0 rg BT 500.95 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.59 301.10 Td (cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 78.34 289.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 115.82 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.10 289.10 Td (future ) Tj ET Q q 0 0 0 rg BT 151.92 289.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 199.04 289.10 Td (, ) Tj ET Q q 0 0 0 rg BT 203.49 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.66 289.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 252.93 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.21 289.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 300.15 289.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 354.28 289.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 388.17 289.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 433.42 289.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.14 289.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 470.65 289.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 528.68 289.10 Td (expiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (unused, ) Tj ET Q q 0 0 0 rg BT 82.97 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.54 277.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.89 277.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 151.03 277.10 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 201.75 277.10 Td (If ) Tj ET Q q 0 0 0 rg BT 210.55 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.90 277.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.92 277.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 311.93 277.10 Td (it ) Tj ET Q q 0 0 0 rg BT 319.62 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 337.32 277.10 Td (not ) Tj ET Q q 0 0 0 rg BT 352.23 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 363.81 277.10 Td (able ) Tj ET Q q 0 0 0 rg BT 382.60 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.51 277.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 421.29 277.10 Td (all ) Tj ET Q q 0 0 0 rg BT 433.42 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.89 277.10 Td (part ) Tj ET Q q 0 0 0 rg BT 461.57 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.04 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.39 277.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 521.83 277.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.18 277.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 265.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 96.65 265.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 139.68 265.10 Td (would ) Tj ET Q q 0 0 0 rg BT 167.18 265.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.12 265.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 216.60 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.88 265.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 256.02 265.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 291.83 265.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.54 265.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 332.37 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.65 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.37 265.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.86 265.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.36 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.53 265.10 Td (more ) Tj ET Q q 0 0 0 rg BT 439.58 265.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 464.85 265.10 Td (than ) Tj ET Q q 0 0 0 rg BT 484.57 265.10 Td (not ) Tj ET Q q 0 0 0 rg BT 499.84 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.12 265.10 Td (be ) Tj ET Q q 0 0 0 rg BT 522.06 265.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 76.72 250.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.00 250.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 140.72 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 160.78 250.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 191.38 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.43 250.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 239.25 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.86 250.10 Td (future ) Tj ET Q q 0 0 0 rg BT 276.02 250.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 307.17 250.10 Td (income ) Tj ET Q q 0 0 0 rg BT 338.88 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.60 250.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 370.09 250.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 407.37 250.10 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 449.91 250.10 Td (among ) Tj ET Q q 0 0 0 rg BT 479.41 250.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 508.63 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 250.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 95.96 238.10 Td (being ) Tj ET Q q 0 0 0 rg BT 121.38 238.10 Td (able ) Tj ET Q q 0 0 0 rg BT 141.23 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.21 238.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 189.27 238.10 Td (suf) Tj ET Q q 0 0 0 rg BT 201.32 238.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 230.06 238.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 262.13 238.10 Td (income ) Tj ET Q q 0 0 0 rg BT 294.77 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.74 238.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 333.94 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.35 238.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 385.86 238.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.28 238.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 430.08 238.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 475.19 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.61 238.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.70 238.10 Td (has ) Tj ET Q q 0 0 0 rg BT 549.23 238.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.70 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.85 226.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 131.79 226.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 174.04 226.10 Td (against ) Tj ET Q q 0 0 0 rg BT 204.08 226.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 239.11 226.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.05 226.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 280.47 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.74 226.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 338.35 226.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.07 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.12 226.10 Td (future ) Tj ET Q q 0 0 0 rg BT 405.71 226.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 436.31 226.10 Td (income ) Tj ET Q q 0 0 0 rg BT 467.46 226.10 Td (required ) Tj ET Q q 0 0 0 rg BT 502.50 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.00 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.15 226.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 214.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 81.67 214.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 110.81 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.52 214.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 161.33 214.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.04 214.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 201.88 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.71 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.54 214.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.12 214.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 304.62 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.79 214.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 374.05 214.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 394.05 214.10 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 199.10 Td (following ) Tj ET Q q 0 0 0 rg BT 110.21 199.10 Td (table ) Tj ET Q q 0 0 0 rg BT 132.54 199.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 168.19 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.30 199.10 Td (dif) Tj ET Q q 0 0 0 rg BT 194.23 199.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 230.42 199.10 Td (between ) Tj ET Q q 0 0 0 rg BT 266.63 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.74 199.10 Td (Company) Tj ET Q q 0 0 0 rg BT 323.40 199.10 Td (s ) Tj ET Q q 0 0 0 rg BT 330.18 199.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.77 199.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 367.86 199.10 Td (income ) Tj ET Q q 0 0 0 rg BT 400.18 199.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.29 199.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.17 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.49 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.60 199.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 496.24 199.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 534.13 199.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 552.00 199.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.93 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 103.87 187.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 149.15 187.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 193.30 187.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.46 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.18 187.10 Td (years ) Tj ET Q q 0 0 0 rg BT 245.78 187.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 272.15 187.10 Td (December ) Tj ET Q q 0 0 0 rg BT 315.74 187.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 328.24 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.07 187.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 157.60000000000002 m 492.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 157.60000000000002 m 561.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 82.60000000000002 m 492.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 82.60000000000002 m 561.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 68.60000000000002 m 492.5 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 66.60000000000002 m 492.5 66.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 68.60000000000002 m 561.5 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 66.60000000000002 m 561.5 66.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 161.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 161.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 147.27 Td (Federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.55 147.27 Td (35.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.55 147.27 Td (34.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 132.27 Td (State tax rate, net of federal tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.25 132.27 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.25 132.27 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 117.27 Td (Nondeductible expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.25 117.27 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.25 117.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 102.27 Td (Domestic production activities deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.90 102.27 Td (\(3.2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.90 102.27 Td (\(1.3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 87.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.25 87.27 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.90 87.27 Td (\(0.4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 72.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.55 72.27 Td (37.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.55 72.27 Td (41.2%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.53 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 125.02 742.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 148.18 742.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 204.10 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.36 742.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 252.07 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.45 742.10 Td ($5,000 ) Tj ET Q q 0 0 0 rg BT 292.00 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.38 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.76 742.10 Td (both ) Tj ET Q q 0 0 0 rg BT 332.59 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 390.72 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 412.77 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.26 742.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 453.66 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 471.26 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.19 742.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 547.01 742.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.14 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 67.39 730.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 113.28 730.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 148.64 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.22 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.02 730.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 214.70 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.95 730.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 285.39 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 300.19 730.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 334.42 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 364.20 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.56 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.35 730.10 Td (state ) Tj ET Q q 0 0 0 rg BT 425.25 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 457.27 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.06 730.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 504.08 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.87 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.89 730.10 Td (settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 78.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.68 718.10 Td (next ) Tj ET Q q 0 0 0 rg BT 112.35 718.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 141.46 718.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 175.68 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 193.68 718.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 223.89 718.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 252.44 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.22 718.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 304.56 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 320.35 718.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 352.78 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.90 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.57 718.10 Td (years ) Tj ET Q q 0 0 0 rg BT 405.12 718.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 427.01 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.24 718.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 459.69 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.58 718.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 511.24 718.10 Td (state ) Tj ET Q q 0 0 0 rg BT 532.02 718.10 Td (statutes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (vary) Tj ET Q q 0 0 0 rg BT 67.12 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 72.74 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.64 706.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.89 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.92 706.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 183.37 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.51 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 225.64 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 243.43 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 276.23 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 291.80 706.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 319.05 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.74 706.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 387.42 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.22 706.10 Td (does ) Tj ET Q q 0 0 0 rg BT 426.91 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 443.04 706.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 472.50 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.07 706.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 535.87 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.56 706.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.71 694.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 137.20 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.92 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.20 694.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 190.80 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.63 694.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 238.01 694.10 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 679.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.75 679.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.84 679.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 167.27 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.36 679.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 232.00 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.98 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.86 679.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 300.51 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.61 679.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 347.48 679.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 384.03 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.01 679.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 451.53 679.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.41 679.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 500.72 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.04 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.91 679.10 Td (years ) Tj ET Q q 0 0 0 rg BT 553.67 679.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 637.6 m 492.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 637.6 m 561.5 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 592.6 m 492.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 578.6 m 492.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 576.6 m 492.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 592.6 m 561.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 578.6 m 561.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 576.6 m 561.5 576.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 641.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 641.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 628.17 Td (Balance as of January 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 627.27 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 627.27 Td (10,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 613.17 Td (Increase from current year tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 612.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 612.27 Td (800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 598.17 Td (Decrease from settlements with taxing authority) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 597.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 597.32 Td (\(7,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 583.17 Td (Balance as of December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 582.27 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 582.27 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.47 563.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 112.27 563.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 146.17 563.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 179.52 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.88 563.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 237.35 563.10 Td (related ) Tj ET Q q 0 0 0 rg BT 268.47 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.17 563.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 337.95 563.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 354.09 563.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 389.66 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 401.91 563.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.27 563.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 471.39 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.75 563.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.22 563.10 Td (general ) Tj ET Q q 0 0 0 rg BT 547.56 563.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 110.47 551.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 152.32 551.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 199.99 551.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.74 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.44 551.10 Td (not ) Tj ET Q q 0 0 0 rg BT 239.48 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.07 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.77 551.10 Td (component ) Tj ET Q q 0 0 0 rg BT 306.46 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.05 551.10 Td (income ) Tj ET Q q 0 0 0 rg BT 350.74 551.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 377.05 551.10 Td (Decreases ) Tj ET Q q 0 0 0 rg BT 420.83 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.87 551.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.57 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.26 551.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 521.06 551.10 Td (are ) Tj ET Q q 0 0 0 rg BT 536.53 551.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.23 551.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 97.37 539.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.53 539.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 144.90 539.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 189.50 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.32 539.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 249.24 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.95 539.10 Td (statutes ) Tj ET Q q 0 0 0 rg BT 292.32 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.03 539.10 Td (limitation. ) Tj ET Q q 0 0 0 rg BT 346.80 539.10 Td (During ) Tj ET Q q 0 0 0 rg BT 377.51 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.11 539.10 Td (years ) Tj ET Q q 0 0 0 rg BT 415.59 539.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.85 539.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.31 539.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.69 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 539.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.41 527.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 152.93 527.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 183.08 527.10 Td (each ) Tj ET Q q 0 0 0 rg BT 204.05 527.10 Td (year ) Tj ET Q q 0 0 0 rg BT 223.91 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.34 527.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.43 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.52 527.10 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 324.03 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.23 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.77 527.10 Td (had ) Tj ET Q q 0 0 0 rg BT 400.86 527.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 434.60 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 445.58 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.67 527.10 Td (current ) Tj ET Q q 0 0 0 rg BT 483.64 527.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 517.41 527.10 Td ($8,000 ) Tj ET Q q 0 0 0 rg BT 547.56 527.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td ($7,000 ) Tj ET Q q 0 0 0 rg BT 80.00 515.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.16 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.88 515.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.25 515.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 172.19 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.02 515.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.95 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.89 515.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 269.93 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.76 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.59 515.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.18 515.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 372.68 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.61 515.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 414.61 515.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 462.28 515.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (Note 4 Discontinued Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 485.10 Td (Commitments and Contingencies Related to Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 106.07 470.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.46 470.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 189.85 470.10 Td (former ) Tj ET Q q 0 0 0 rg BT 219.80 470.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 250.88 470.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 292.22 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.18 470.10 Td (last ) Tj ET Q q 0 0 0 rg BT 323.80 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.88 470.10 Td (which ) Tj ET Q q 0 0 0 rg BT 362.06 470.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 388.67 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.19 470.10 Td (2002. ) Tj ET Q q 0 0 0 rg BT 424.44 470.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 462.18 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.70 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 484.88 470.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 529.26 470.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.78 470.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.89 458.10 Td (States ) Tj ET Q q 0 0 0 rg BT 106.45 458.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 168.54 458.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 211.73 458.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 245.50 458.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 263.72 458.10 Td (EP) Tj ET Q q 0 0 0 rg BT 278.91 458.10 Td (A\), ) Tj ET Q q 0 0 0 rg BT 299.07 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.96 458.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.51 458.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 399.83 458.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.70 458.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 480.13 458.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 511.13 458.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.02 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.13 458.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 68.04 446.10 Td (over ) Tj ET Q q 0 0 0 rg BT 87.17 446.10 Td (fifty ) Tj ET Q q 0 0 0 rg BT 105.75 446.10 Td (years ) Tj ET Q q 0 0 0 rg BT 128.22 446.10 Td (ago. ) Tj ET Q q 0 0 0 rg BT 146.42 446.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.57 446.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 214.69 446.10 Td (work ) Tj ET Q q 0 0 0 rg BT 236.61 446.10 Td (was ) Tj ET Q q 0 0 0 rg BT 253.53 446.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 296.55 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 307.91 446.10 Td (September ) Tj ET Q q 0 0 0 rg BT 352.04 446.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 365.91 446.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 389.68 446.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.59 446.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 446.84 446.10 Td (has ) Tj ET Q q 0 0 0 rg BT 461.54 446.10 Td (established ) Tj ET Q q 0 0 0 rg BT 507.34 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.14 446.10 Td (contingency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 90.19 434.10 Td (related ) Tj ET Q q 0 0 0 rg BT 119.79 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.98 434.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 183.49 434.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 230.05 434.10 Td (which ) Tj ET Q q 0 0 0 rg BT 256.90 434.10 Td (was ) Tj ET Q q 0 0 0 rg BT 274.86 434.10 Td ($215,000 ) Tj ET Q q 0 0 0 rg BT 314.77 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.61 434.10 Td ($243,000, ) Tj ET Q q 0 0 0 rg BT 374.02 434.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 421.68 434.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.59 434.10 Td (including ) Tj ET Q q 0 0 0 rg BT 466.77 434.10 Td (an ) Tj ET Q q 0 0 0 rg BT 478.61 434.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 513.77 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.51 434.10 Td ($174,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.92 422.10 Td ($534,000 ) Tj ET Q q 0 0 0 rg BT 106.90 422.10 Td (\($108,000 ) Tj ET Q q 0 0 0 rg BT 150.21 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.13 422.10 Td ($333,000, ) Tj ET Q q 0 0 0 rg BT 209.61 422.10 Td (net ) Tj ET Q q 0 0 0 rg BT 224.31 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.12 422.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 249.81 422.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 280.06 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.87 422.10 Td ($66,000 ) Tj ET Q q 0 0 0 rg BT 325.85 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.77 422.10 Td ($201,000, ) Tj ET Q q 0 0 0 rg BT 385.25 422.10 Td (respectively\) ) Tj ET Q q 0 0 0 rg BT 439.37 422.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 485.71 422.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.85 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.55 422.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 422.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.27 410.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.96 410.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 130.15 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.78 410.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 171.47 410.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 219.13 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 223.67 410.10 Td (The ) Tj ET Q q 0 0 0 rg BT 241.40 410.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 276.35 410.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.20 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.60 410.10 Td (year ) Tj ET Q q 0 0 0 rg BT 324.00 410.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.07 410.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 408.34 410.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 430.53 410.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.39 410.10 Td (related ) Tj ET Q q 0 0 0 rg BT 468.78 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.75 410.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.94 410.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.22 410.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (some ) Tj ET Q q 0 0 0 rg BT 74.15 398.10 Td (corrective ) Tj ET Q q 0 0 0 rg BT 117.17 398.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 167.98 398.10 Td (ef) Tj ET Q q 0 0 0 rg BT 175.56 398.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 196.94 398.10 Td (during ) Tj ET Q q 0 0 0 rg BT 226.09 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.36 398.10 Td (year) Tj ET Q q 0 0 0 rg BT 258.01 398.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.34 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 281.93 398.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 317.73 398.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.44 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.70 398.10 Td (year ) Tj ET Q q 0 0 0 rg BT 367.95 398.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 394.87 398.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 454.00 398.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 477.05 398.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 511.75 398.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 542.57 398.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 86.11 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.79 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.92 386.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 140.59 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.82 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.94 386.10 Td (project ) Tj ET Q q 0 0 0 rg BT 200.61 386.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.85 386.10 Td (required ) Tj ET Q q 0 0 0 rg BT 250.07 386.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.97 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.09 386.10 Td (EP) Tj ET Q q 0 0 0 rg BT 290.84 386.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 304.19 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 323.64 386.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 368.08 386.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 402.52 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.76 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.88 386.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 465.86 386.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 517.53 386.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 541.43 386.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 386.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.45 374.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.31 374.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 163.45 374.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 206.35 374.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.03 374.10 Td (future ) Tj ET Q q 0 0 0 rg BT 273.27 374.10 Td (char) Tj ET Q q 0 0 0 rg BT 290.30 374.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 305.99 374.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.01 374.10 Td (EP) Tj ET Q q 0 0 0 rg BT 330.77 374.10 Td (A) Tj ET Q q 0 0 0 rg BT 337.44 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.80 374.10 Td (response ) Tj ET Q q 0 0 0 rg BT 377.15 374.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 399.52 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.32 374.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 463.13 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.82 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.40 374.10 Td (property) Tj ET Q q 0 0 0 rg BT 521.63 374.10 Td (. ) Tj ET Q q 0 0 0 rg BT 526.32 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 544.23 374.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.50 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.78 362.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.72 362.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 130.53 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.81 362.10 Td (future ) Tj ET Q q 0 0 0 rg BT 167.19 362.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 199.13 362.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.84 362.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 239.11 362.10 Td (from ) Tj ET Q q 0 0 0 rg BT 261.05 362.10 Td (this ) Tj ET Q q 0 0 0 rg BT 278.00 362.10 Td (estimate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.13 347.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 108.49 347.10 Td (will ) Tj ET Q q 0 0 0 rg BT 126.64 347.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.66 347.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 177.89 347.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 228.23 347.10 Td (based ) Tj ET Q q 0 0 0 rg BT 253.58 347.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.17 347.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 297.63 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.65 347.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 373.88 347.10 Td (available ) Tj ET Q q 0 0 0 rg BT 412.55 347.10 Td (at ) Tj ET Q q 0 0 0 rg BT 422.35 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.15 347.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 459.83 347.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.96 347.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.54 347.10 Td (provisioned ) Tj ET Q q 0 0 0 rg BT 550.34 347.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 335.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 129.97 335.10 Td (related ) Tj ET Q q 0 0 0 rg BT 159.67 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.95 335.10 Td (this ) Tj ET Q q 0 0 0 rg BT 186.90 335.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 247.16 335.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 290.21 335.10 Td (are ) Tj ET Q q 0 0 0 rg BT 304.92 335.10 Td (not ) Tj ET Q q 0 0 0 rg BT 320.20 335.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 366.02 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.30 335.10 Td (present ) Tj ET Q q 0 0 0 rg BT 407.68 335.10 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (Note 5 Pr) Tj ET Q q 0 0 0 rg BT 97.86 320.10 Td (operty) Tj ET Q q 0 0 0 rg BT 125.07 320.10 Td (, Buildings and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 305.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 305.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 305.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.35 305.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 218.28 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.11 305.10 Td (major ) Tj ET Q q 0 0 0 rg BT 254.93 305.10 Td (classes ) Tj ET Q q 0 0 0 rg BT 285.20 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.03 305.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 338.52 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.35 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.18 305.10 Td (December ) Tj ET Q q 0 0 0 rg BT 403.76 305.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 416.26 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.09 305.10 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 251.60000000000002 m 423.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 251.60000000000002 m 492.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 251.60000000000002 m 561.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 251.60000000000002 m 492.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 251.60000000000002 m 561.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 161.60000000000002 m 492.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 161.60000000000002 m 561.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 131.60000000000002 m 492.5 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 131.60000000000002 m 561.5 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 117.60000000000002 m 492.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 115.60000000000002 m 492.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 117.60000000000002 m 561.5 117.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 115.60000000000002 m 561.5 115.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.80 276.28 Td (Estimated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.60 266.28 Td (useful lives in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.10 256.28 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 256.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 256.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.27 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 241.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 241.27 Td (371,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 241.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 241.27 Td (371,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 226.27 Td (Land improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 226.27 Td (7 - 15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 226.27 Td (470,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 226.27 Td (405,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.27 Td (Buildings and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 211.27 Td (5 - 40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 211.27 Td (2,155,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 211.27 Td (2,104,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.27 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 196.27 Td (7 - 39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 196.27 Td (252,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 196.27 Td (252,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 181.27 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 181.27 Td (2 - 10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 181.27 Td (62,955,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 181.27 Td (60,185,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 166.27 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 166.27 Td (180,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 166.27 Td (5,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 151.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 151.27 Td (66,386,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 151.27 Td (63,325,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 136.27 Td (Less accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 136.27 Td (33,140,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 136.27 Td (28,653,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 121.27 Td (Net properties, buildings and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 121.27 Td (33,245,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 121.27 Td (34,671,947) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.58 102.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 138.06 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.66 102.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.26 102.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 202.95 102.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.99 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.70 102.10 Td (all ) Tj ET Q q 0 0 0 rg BT 250.07 102.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 294.94 102.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 334.55 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.36 102.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 395.96 102.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.34 102.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.16 102.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 445.85 102.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 468.23 102.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.39 102.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 505.21 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.03 102.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.15 90.10 Td (trigger ) Tj ET Q q 0 0 0 rg BT 112.74 90.10 Td (events ) Tj ET Q q 0 0 0 rg BT 140.23 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.50 90.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 198.54 90.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 219.36 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.74 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 90.10 Td (need ) Tj ET Q q 0 0 0 rg BT 270.72 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.32 90.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 319.03 90.10 Td (impairments. ) Tj ET Q q 0 0 0 rg BT 373.04 90.10 Td (As ) Tj ET Q q 0 0 0 rg BT 386.09 90.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.47 90.10 Td (result ) Tj ET Q q 0 0 0 rg BT 416.63 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.90 90.10 Td (such ) Tj ET Q q 0 0 0 rg BT 447.17 90.10 Td (review) Tj ET Q q 0 0 0 rg BT 473.72 90.10 Td (, ) Tj ET Q q 0 0 0 rg BT 478.16 90.10 Td (no ) Tj ET Q q 0 0 0 rg BT 490.10 90.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 538.14 90.10 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (down ) Tj ET Q q 0 0 0 rg BT 74.72 78.10 Td (was ) Tj ET Q q 0 0 0 rg BT 92.77 78.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 138.59 78.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 179.96 78.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.12 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.83 78.10 Td (years ) Tj ET Q q 0 0 0 rg BT 232.43 78.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.81 78.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.39 78.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 339.89 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.83 78.10 Td (2015.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 6 401\(k\)Employee Benefits Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 727.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 88.80 727.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 132.24 727.25 Td (1995, ) Tj ET Q q 0 0 0 rg BT 157.08 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.64 727.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.86 727.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 246.69 727.25 Td (The ) Tj ET Q q 0 0 0 rg BT 264.58 727.25 Td (Goldfield ) Tj ET Q q 0 0 0 rg BT 305.24 727.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 355.91 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.69 727.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 423.91 727.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 466.80 727.25 Td (Savings ) Tj ET Q q 0 0 0 rg BT 500.81 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.59 727.25 Td (Retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 72.72 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.60 715.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 112.03 715.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 163.35 715.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 183.01 715.25 Td (that ) Tj ET Q q 0 0 0 rg BT 200.44 715.25 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 237.32 715.25 Td (under ) Tj ET Q q 0 0 0 rg BT 262.53 715.25 Td (Section401\(k\) ) Tj ET Q q 0 0 0 rg BT 324.13 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.90 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.56 715.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 383.09 715.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 420.52 715.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 446.39 715.25 Td (The ) Tj ET Q q 0 0 0 rg BT 464.38 715.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 484.04 715.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 520.92 715.25 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.94 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.00 703.25 Td (all ) Tj ET Q q 0 0 0 rg BT 106.28 703.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 151.33 703.25 Td (who ) Tj ET Q q 0 0 0 rg BT 170.84 703.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 192.56 703.25 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 233.73 703.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 288.22 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.94 703.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 326.10 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.16 703.25 Td (participate. ) Tj ET Q q 0 0 0 rg BT 383.14 703.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 410.42 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.92 703.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 446.92 703.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 499.75 703.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 544.79 703.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (defer ) Tj ET Q q 0 0 0 rg BT 74.24 691.25 Td (up ) Tj ET Q q 0 0 0 rg BT 87.94 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.42 691.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 126.45 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.48 691.25 Td (their ) Tj ET Q q 0 0 0 rg BT 160.50 691.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 192.52 691.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 251.76 691.25 Td (per ) Tj ET Q q 0 0 0 rg BT 268.23 691.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 305.79 691.25 Td (year ) Tj ET Q q 0 0 0 rg BT 326.70 691.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 358.72 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.20 691.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 405.00 691.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 443.68 691.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 468.49 691.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 497.21 691.25 Td (The ) Tj ET Q q 0 0 0 rg BT 516.45 691.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 691.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 104.17 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.35 679.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.97 679.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 145.59 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 159.20 679.25 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 212.80 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.64 679.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 269.48 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.66 679.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 337.82 679.25 Td ($286,000 ) Tj ET Q q 0 0 0 rg BT 376.72 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.56 679.25 Td ($248,000 ) Tj ET Q q 0 0 0 rg BT 431.46 679.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.52 679.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.14 679.25 Td (years ) Tj ET Q q 0 0 0 rg BT 480.64 679.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.92 679.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 667.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.44 667.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 162.10 667.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Note 7 Notes Payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 637.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 637.25 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 637.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.35 637.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 218.28 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.11 637.25 Td (our ) Tj ET Q q 0 0 0 rg BT 244.94 637.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 268.54 637.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 306.03 637.25 Td (as ) Tj ET Q q 0 0 0 rg BT 316.86 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.69 637.25 Td (December ) Tj ET Q q 0 0 0 rg BT 371.27 637.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 383.77 637.25 Td (as ) Tj ET Q q 0 0 0 rg BT 394.60 637.25 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 620.75 m 217.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 620.75 m 286.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 620.75 m 361.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 620.75 m 431.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 620.75 m 489.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 620.75 m 493.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 620.75 m 561.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 592.75 m 217.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 592.75 m 286.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 592.75 m 361.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 592.75 m 431.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 592.75 m 489.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 592.75 m 561.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 412.75 m 361.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 412.75 m 431.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 382.75 m 361.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 382.75 m 431.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 352.75 m 361.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 352.75 m 431.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 338.75 m 361.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 336.75 m 361.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 338.75 m 431.5 338.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 336.75 m 431.5 336.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.20 607.43 Td (Lending) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.45 597.43 Td (Institution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.05 607.43 Td (Maturity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.50 597.43 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.50 597.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 597.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.20 611.43 Td (Interest Rates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 597.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 597.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.42 Td (Working Capital Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.55 582.42 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.55 572.42 Td (Banking and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.60 562.42 Td (Trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.55 552.42 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.85 562.42 Td (November 28,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.50 552.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 552.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 552.42 Td (3,950,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 552.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 552.42 Td (1,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 552.42 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 552.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 552.42 Td (2.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 552.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 517.42 Td ($10.0 Million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.42 Td (Equipment Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.55 537.42 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.55 527.42 Td (Banking and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.60 517.42 Td (Trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.55 507.42 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.40 507.42 Td (July 28, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 507.42 Td (7,579,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 507.42 Td (10,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 507.42 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 507.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 507.42 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 507.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 472.42 Td ($17.0 Million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 462.42 Td (Equipment Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.55 492.42 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.55 482.42 Td (Banking and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.60 472.42 Td (Trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.55 462.42 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 462.42 Td (March 6, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 462.42 Td (9,601,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 462.42 Td (13,027,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 462.42 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 462.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 462.42 Td (2.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 462.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 427.42 Td ($2.0 Million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 417.42 Td (Equipment Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.55 447.42 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.55 437.42 Td (Banking and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.60 427.42 Td (Trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.55 417.42 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 417.42 Td (March 6, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 417.42 Td (1,256,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 417.42 Td (2,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 417.42 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 417.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 417.42 Td (2.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 417.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 402.42 Td (Total notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 402.42 Td (22,387,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 402.42 Td (26,527,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 387.42 Td (Less unamortized debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 387.42 Td (54,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 387.42 Td (55,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 372.42 Td (Total notes payable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 372.42 Td (22,333,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 372.42 Td (26,471,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 357.42 Td (Less current portion of notes payable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 357.42 Td (6,101,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 357.42 Td (5,815,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 342.42 Td (Notes payable net, less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 342.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 342.42 Td (16,231,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 342.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.60 342.42 Td (20,656,402) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.07 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.36 323.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.40 323.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.85 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.03 323.25 Td (Company) Tj ET Q q 0 0 0 rg BT 213.26 323.25 Td (, ) Tj ET Q q 0 0 0 rg BT 218.72 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.12 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.29 323.25 Td (Company) Tj ET Q q 0 0 0 rg BT 292.95 323.25 Td (s ) Tj ET Q q 0 0 0 rg BT 299.80 323.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 330.54 323.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 360.15 323.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 410.33 323.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 452.17 323.25 Td (Power) Tj ET Q q 0 0 0 rg BT 477.32 323.25 Td (, ) Tj ET Q q 0 0 0 rg BT 482.78 323.25 Td (Pineapple ) Tj ET Q q 0 0 0 rg BT 525.17 323.25 Td (House ) Tj ET Q q 0 0 0 rg BT 553.68 323.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (Brevard, ) Tj ET Q q 0 0 0 rg BT 86.64 311.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 103.84 311.25 Td (\(Pineapple ) Tj ET Q q 0 0 0 rg BT 152.97 311.25 Td (House\), ) Tj ET Q q 0 0 0 rg BT 190.72 311.25 Td (Bayswater ) Tj ET Q q 0 0 0 rg BT 234.86 311.25 Td (Development ) Tj ET Q q 0 0 0 rg BT 290.66 311.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 340.91 311.25 Td (\(Bayswater\), ) Tj ET Q q 0 0 0 rg BT 403.09 311.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 430.57 311.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 480.83 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.66 311.25 Td (America ) Tj ET Q q 0 0 0 rg BT 527.01 311.25 Td (\(PCA\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 299.25 Td (C ) Tj ET Q q 0 0 0 rg BT 76.34 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.40 299.25 Td (C ) Tj ET Q q 0 0 0 rg BT 102.68 299.25 Td (Power ) Tj ET Q q 0 0 0 rg BT 130.85 299.25 Td (Line, ) Tj ET Q q 0 0 0 rg BT 154.29 299.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 172.18 299.25 Td (\(C&C\), ) Tj ET Q q 0 0 0 rg BT 213.95 299.25 Td (collectively ) Tj ET Q q 0 0 0 rg BT 263.21 299.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 281.37 299.25 Td (Debtors,\) ) Tj ET Q q 0 0 0 rg BT 330.36 299.25 Td (were ) Tj ET Q q 0 0 0 rg BT 352.40 299.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 381.67 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.07 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.12 299.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 429.51 299.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 452.09 299.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 501.63 299.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 525.90 299.25 Td (March6, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.50 287.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 90.55 287.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 117.49 287.25 Td (Master ) Tj ET Q q 0 0 0 rg BT 147.75 287.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 170.25 287.25 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 227.44 287.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.72 287.25 Td (Branch ) Tj ET Q q 0 0 0 rg BT 279.10 287.25 Td (Banking ) Tj ET Q q 0 0 0 rg BT 315.48 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.24 287.25 Td (T) Tj ET Q q 0 0 0 rg BT 338.00 287.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 355.50 287.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.88 287.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 414.93 287.25 Td (Bank\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.99 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.19 272.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.15 272.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 155.52 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.61 272.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.37 272.25 Td (had ) Tj ET Q q 0 0 0 rg BT 226.68 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 232.99 272.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.08 272.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 295.59 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.90 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.21 272.25 Td (series ) Tj ET Q q 0 0 0 rg BT 342.85 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.06 272.25 Td (related ) Tj ET Q q 0 0 0 rg BT 382.13 272.25 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 418.98 272.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 466.39 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 486.04 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.13 272.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 523.11 272.25 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.07 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 70.92 260.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 111.65 260.25 Td (line ) Tj ET Q q 0 0 0 rg BT 129.06 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.80 260.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 164.97 260.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 184.60 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.67 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.52 260.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 248.48 260.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 286.43 260.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.83 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.57 260.25 Td ($18.0 ) Tj ET Q q 0 0 0 rg BT 354.48 260.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 388.28 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.47 260.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.32 260.25 Td (used ) Tj ET Q q 0 0 0 rg BT 431.06 260.25 Td (as ) Tj ET Q q 0 0 0 rg BT 441.80 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.65 260.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.72 260.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 490.24 260.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 521.53 260.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 550.90 260.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.73 248.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 119.22 248.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 141.63 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.47 248.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 216.96 248.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 241.87 248.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 289.82 248.25 Td (under ) Tj ET Q q 0 0 0 rg BT 315.00 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.44 248.25 Td (W) Tj ET Q q 0 0 0 rg BT 338.08 248.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 366.59 248.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 397.88 248.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 420.83 248.25 Td (were ) Tj ET Q q 0 0 0 rg BT 442.67 248.25 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 462.57 248.25 Td (million ) Tj ET Q q 0 0 0 rg BT 493.87 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.71 248.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 530.61 248.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 236.25 Td (. ) Tj ET Q q 0 0 0 rg BT 101.69 236.25 Td (As ) Tj ET Q q 0 0 0 rg BT 114.77 236.25 Td (a ) Tj ET Q q 0 0 0 rg BT 121.18 236.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 145.91 236.25 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 182.86 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.61 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.79 236.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 232.37 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.55 236.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.40 236.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.04 236.25 Td (contingently ) Tj ET Q q 0 0 0 rg BT 348.00 236.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 372.18 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 385.80 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.99 236.25 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 436.94 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.23 236.25 Td (a ) Tj ET Q q 0 0 0 rg BT 453.64 236.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 496.72 236.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 539.23 236.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.73 224.25 Td (irrevocable ) Tj ET Q q 0 0 0 rg BT 109.00 224.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 131.83 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.46 224.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 167.51 224.25 Td (related ) Tj ET Q q 0 0 0 rg BT 197.01 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.08 224.25 Td (workers) Tj ET Q q 0 0 0 rg BT 241.88 224.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.18 224.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 304.01 224.25 Td (As ) Tj ET Q q 0 0 0 rg BT 317.41 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.04 224.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 386.42 224.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 408.71 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.44 224.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 483.82 224.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 508.61 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 224.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (had$420,000and$320,000, ) Tj ET Q q 0 0 0 rg BT 166.38 212.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 214.04 212.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.04 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.20 212.25 Td (this ) Tj ET Q q 0 0 0 rg BT 250.15 212.25 Td (irrevocable ) Tj ET Q q 0 0 0 rg BT 297.62 212.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 320.66 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.49 212.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.75 212.25 Td (related ) Tj ET Q q 0 0 0 rg BT 386.46 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.73 212.25 Td (workers) Tj ET Q q 0 0 0 rg BT 431.53 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.03 212.25 Td (compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.80 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 72.82 197.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.60 197.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 154.79 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.69 197.25 Td (Debtors ) Tj ET Q q 0 0 0 rg BT 202.04 197.25 Td (had ) Tj ET Q q 0 0 0 rg BT 218.17 197.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 237.08 197.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 284.30 197.25 Td (with ) Tj ET Q q 0 0 0 rg BT 303.76 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.67 197.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 340.47 197.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.82 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.72 197.25 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 391.91 197.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 423.61 197.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 469.18 197.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 493.92 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.82 197.25 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 532.01 197.25 Td (Million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 96.69 185.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 120.04 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.28 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.30 185.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 172.60 185.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 205.41 185.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 252.10 185.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 277.33 185.25 Td (All ) Tj ET Q q 0 0 0 rg BT 292.91 185.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 316.83 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 337.41 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.43 185.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 376.34 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 391.35 185.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 438.02 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.83 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.85 185.25 Td (Debtors ) Tj ET Q q 0 0 0 rg BT 500.31 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.55 185.25 Td (include ) Tj ET Q q 0 0 0 rg BT 549.79 185.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 72.70 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.18 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 89.77 173.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 134.69 173.25 Td (security ) Tj ET Q q 0 0 0 rg BT 168.50 173.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.08 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 173.25 Td (all ) Tj ET Q q 0 0 0 rg BT 222.16 173.25 Td (now ) Tj ET Q q 0 0 0 rg BT 241.53 173.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 270.34 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.93 173.25 Td (after ) Tj ET Q q 0 0 0 rg BT 307.40 173.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 343.97 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.56 173.25 Td (wherever ) Tj ET Q q 0 0 0 rg BT 399.91 173.25 Td (located ) Tj ET Q q 0 0 0 rg BT 430.93 173.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 466.96 173.25 Td (property ) Tj ET Q q 0 0 0 rg BT 502.99 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.47 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.84 173.25 Td (Debtors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.78 158.25 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 92.51 158.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 124.75 158.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 170.86 158.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 193.64 158.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 216.97 158.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.63 158.25 Td (at ) Tj ET Q q 0 0 0 rg BT 258.08 158.25 Td (a ) Tj ET Q q 0 0 0 rg BT 264.75 158.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 281.97 158.25 Td (per ) Tj ET Q q 0 0 0 rg BT 296.97 158.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 326.42 158.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 350.30 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.31 158.25 Td (one ) Tj ET Q q 0 0 0 rg BT 376.98 158.25 Td (month ) Tj ET Q q 0 0 0 rg BT 404.77 158.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 437.00 158.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 450.89 158.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 483.11 158.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.12 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.57 158.25 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 544.78 158.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.25 Td (documents\) ) Tj ET Q q 0 0 0 rg BT 99.16 146.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 118.33 146.25 Td (two ) Tj ET Q q 0 0 0 rg BT 135.83 146.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 167.75 146.25 Td (2.00%, ) Tj ET Q q 0 0 0 rg BT 198.58 146.25 Td (which ) Tj ET Q q 0 0 0 rg BT 225.52 146.25 Td (is ) Tj ET Q q 0 0 0 rg BT 234.69 146.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 270.51 146.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 306.35 146.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.29 146.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 354.11 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.39 146.25 Td (a ) Tj ET Q q 0 0 0 rg BT 371.33 146.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 414.38 146.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 446.31 146.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 463.80 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.63 146.25 Td (24.00%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 131.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.79 131.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 105.71 131.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 137.40 131.25 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 163.26 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.29 131.25 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 203.60 131.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 236.41 131.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 283.10 131.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 306.46 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.71 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.73 131.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 359.04 131.25 Td (Million ) Tj ET Q q 0 0 0 rg BT 391.86 131.25 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 438.55 131.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 461.91 131.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 481.93 131.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 514.17 131.25 Td (at ) Tj ET Q q 0 0 0 rg BT 524.20 131.25 Td (a ) Tj ET Q q 0 0 0 rg BT 531.44 131.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 549.24 131.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 80.35 119.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 105.14 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.05 119.25 Td (one ) Tj ET Q q 0 0 0 rg BT 133.63 119.25 Td (month ) Tj ET Q q 0 0 0 rg BT 162.32 119.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 195.45 119.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 210.25 119.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 243.37 119.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.28 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.63 119.25 Td (documentation ) Tj ET Q q 0 0 0 rg BT 332.20 119.25 Td (related ) Tj ET Q q 0 0 0 rg BT 362.53 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.45 119.25 Td (each ) Tj ET Q q 0 0 0 rg BT 394.90 119.25 Td (loan\) ) Tj ET Q q 0 0 0 rg BT 418.58 119.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 438.38 119.25 Td (1.80%, ) Tj ET Q q 0 0 0 rg BT 469.85 119.25 Td (which ) Tj ET Q q 0 0 0 rg BT 497.42 119.25 Td (will ) Tj ET Q q 0 0 0 rg BT 516.11 119.25 Td (be ) Tj ET Q q 0 0 0 rg BT 528.69 119.25 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 85.83 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.77 107.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 133.60 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.88 107.25 Td (a ) Tj ET Q q 0 0 0 rg BT 150.82 107.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 193.87 107.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 211.35 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 107.25 Td (24.00%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.75 92.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.41 92.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.50 92.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 134.92 92.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 190.98 92.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 222.61 92.25 Td (various ) Tj ET Q q 0 0 0 rg BT 254.25 92.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.43 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.06 92.25 Td (other ) Tj ET Q q 0 0 0 rg BT 330.81 92.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 372.99 92.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 415.47 92.25 Td (but ) Tj ET Q q 0 0 0 rg BT 430.44 92.25 Td (not ) Tj ET Q q 0 0 0 rg BT 445.42 92.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.95 92.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 488.70 92.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 529.79 92.25 Td (tangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (net ) Tj ET Q q 0 0 0 rg BT 64.43 80.25 Td (worth, ) Tj ET Q q 0 0 0 rg BT 92.48 80.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 135.24 80.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 154.67 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.67 80.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 199.09 80.25 Td (net ) Tj ET Q q 0 0 0 rg BT 213.52 80.25 Td (worth ) Tj ET Q q 0 0 0 rg BT 239.07 80.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 259.61 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.26 80.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 299.02 80.25 Td (char) Tj ET Q q 0 0 0 rg BT 316.05 80.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 327.70 80.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 366.00 80.25 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 389.04 80.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 414.02 80.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 433.45 80.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 475.65 80.25 Td (prohibit, ) Tj ET Q q 0 0 0 rg BT 512.03 80.25 Td (among ) Tj ET Q q 0 0 0 rg BT 541.46 80.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 80.01 68.25 Td (a ) Tj ET Q q 0 0 0 rg BT 87.51 68.25 Td (change ) Tj ET Q q 0 0 0 rg BT 118.89 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.73 68.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 152.23 68.25 Td (form ) Tj ET Q q 0 0 0 rg BT 174.73 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.12 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.40 68.25 Td (Company) Tj ET Q q 0 0 0 rg BT 239.64 68.25 Td (, ) Tj ET Q q 0 0 0 rg BT 245.20 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.71 68.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 298.53 68.25 Td (into ) Tj ET Q q 0 0 0 rg BT 317.15 68.25 Td (a ) Tj ET Q q 0 0 0 rg BT 324.65 68.25 Td (mer) Tj ET Q q 0 0 0 rg BT 340.02 68.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 355.85 68.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.24 68.25 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 426.47 68.25 Td (The ) Tj ET Q q 0 0 0 rg BT 445.08 68.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 469.25 68.25 Td (also ) Tj ET Q q 0 0 0 rg BT 488.42 68.25 Td (have ) Tj ET Q q 0 0 0 rg BT 510.36 68.25 Td (cross-default ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 93.73 742.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 130.23 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.73 742.10 Td (default ) Tj ET Q q 0 0 0 rg BT 176.56 742.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.39 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 217.89 742.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 241.07 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.46 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.74 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 306.69 742.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 320.42 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 331.93 742.10 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 384.54 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.39 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.67 742.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 444.34 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 461.96 742.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 502.91 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.41 742.10 Td (default ) Tj ET Q q 0 0 0 rg BT 539.24 742.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.33 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.04 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.09 730.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 134.70 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.53 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.24 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.63 730.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 221.90 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 233.85 730.10 Td (subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 286.89 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 307.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.89 730.10 Td (Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 715.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 105.53 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.36 715.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 157.19 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.02 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.73 715.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 206.34 715.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 239.94 715.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.77 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.60 715.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 320.18 715.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 342.68 715.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.85 715.10 Td (as ) Tj ET Q q 0 0 0 rg BT 362.68 715.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 638.6 m 562.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 624.6 m 562.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 622.6 m 562.5 622.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 688.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 688.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 688.27 Td (6,124,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 673.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 673.27 Td (6,124,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 658.27 Td (9,225,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 643.27 Td (912,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 628.27 Td (Total payments of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 628.27 Td (22,387,255) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.10 Td (Note 8 Commitments and Contingencies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 594.10 Td (Operating Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.23 579.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.79 579.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 136.35 579.10 Td (its ) Tj ET Q q 0 0 0 rg BT 148.48 579.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 186.70 579.10 Td (of) Tj ET Q q 0 0 0 rg BT 194.85 579.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 212.52 579.10 Td (space ) Tj ET Q q 0 0 0 rg BT 237.41 579.10 Td (under ) Tj ET Q q 0 0 0 rg BT 262.86 579.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.98 579.10 Td (nine-year ) Tj ET Q q 0 0 0 rg BT 310.41 579.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.85 579.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 375.83 579.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.86 579.10 Td (ithin ) Tj ET Q q 0 0 0 rg BT 405.88 579.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.78 579.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 465.13 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.14 579.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.04 579.10 Td (of) Tj ET Q q 0 0 0 rg BT 499.19 579.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 516.85 579.10 Td (lease, ) Tj ET Q q 0 0 0 rg BT 542.02 579.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.06 567.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 111.78 567.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.41 567.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 163.59 567.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.21 567.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.28 567.10 Td (base ) Tj ET Q q 0 0 0 rg BT 219.90 567.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 242.73 567.10 Td (term, ) Tj ET Q q 0 0 0 rg BT 266.41 567.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.59 567.10 Td (well ) Tj ET Q q 0 0 0 rg BT 297.66 567.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.84 567.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 343.34 567.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 375.63 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.92 567.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 444.08 567.10 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 490.89 567.10 Td (The ) Tj ET Q q 0 0 0 rg BT 509.29 567.10 Td (ef) Tj ET Q q 0 0 0 rg BT 516.88 567.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 538.61 567.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 567.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 96.82 555.10 Td (have ) Tj ET Q q 0 0 0 rg BT 118.65 555.10 Td (been ) Tj ET Q q 0 0 0 rg BT 140.48 555.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 178.40 555.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.13 555.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 207.63 555.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 242.79 555.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.74 555.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.13 555.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 314.40 555.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 337.36 555.10 Td (over ) Tj ET Q q 0 0 0 rg BT 358.08 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.24 555.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 411.73 555.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 434.67 555.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 458.44 555.10 Td (In ) Tj ET Q q 0 0 0 rg BT 469.72 555.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 507.95 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 555.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 75.77 543.10 Td (other ) Tj ET Q q 0 0 0 rg BT 98.20 543.10 Td (of) Tj ET Q q 0 0 0 rg BT 106.35 543.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 123.22 543.10 Td (spaces ) Tj ET Q q 0 0 0 rg BT 151.21 543.10 Td (as ) Tj ET Q q 0 0 0 rg BT 161.43 543.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 198.86 543.10 Td (of) Tj ET Q q 0 0 0 rg BT 207.01 543.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 227.78 543.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.33 543.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.54 543.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 305.65 543.10 Td (PCA) Tj ET Q q 0 0 0 rg BT 324.55 543.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.44 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.77 543.10 Td (C&C. ) Tj ET Q q 0 0 0 rg BT 368.14 543.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.57 543.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.35 543.10 Td (also ) Tj ET Q q 0 0 0 rg BT 444.34 543.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 470.11 543.10 Td (of) Tj ET Q q 0 0 0 rg BT 478.26 543.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 495.13 543.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 539.23 543.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.74 531.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 117.59 531.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.55 531.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 163.51 531.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.25 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.44 531.10 Td (next ) Tj ET Q q 0 0 0 rg BT 219.63 531.10 Td (four ) Tj ET Q q 0 0 0 rg BT 239.26 531.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 265.62 531.10 Td (The ) Tj ET Q q 0 0 0 rg BT 284.14 531.10 Td (Company) Tj ET Q q 0 0 0 rg BT 325.81 531.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.67 531.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 359.52 531.10 Td (require ) Tj ET Q q 0 0 0 rg BT 390.81 531.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 432.11 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.41 531.10 Td (property ) Tj ET Q q 0 0 0 rg BT 480.26 531.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 506.28 531.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 547.57 531.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 103.40 519.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 126.28 519.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.93 519.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 172.58 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.24 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.33 519.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 216.75 519.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 259.82 519.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 309.72 519.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.10 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.19 519.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.95 519.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 398.71 519.10 Td (several ) Tj ET Q q 0 0 0 rg BT 429.90 519.10 Td (of) Tj ET Q q 0 0 0 rg BT 438.05 519.10 Td (f-site ) Tj ET Q q 0 0 0 rg BT 461.47 519.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 493.22 519.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 533.03 519.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.23 519.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (store ) Tj ET Q q 0 0 0 rg BT 71.96 507.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 116.69 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.64 507.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 175.31 507.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.60 507.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.56 507.10 Td (month ) Tj ET Q q 0 0 0 rg BT 235.63 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.93 507.10 Td (month ) Tj ET Q q 0 0 0 rg BT 274.00 507.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 296.51 507.10 Td (arrangement. ) Tj ET Q q 0 0 0 rg BT 351.50 507.10 Td (Lastly) Tj ET Q q 0 0 0 rg BT 375.84 507.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.86 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.60 507.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.00 507.10 Td (has ) Tj ET Q q 0 0 0 rg BT 452.85 507.10 Td (several ) Tj ET Q q 0 0 0 rg BT 483.69 507.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 506.19 507.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 554.24 507.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 73.31 495.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 103.85 495.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 149.39 495.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.15 495.10 Td (time ) Tj ET Q q 0 0 0 rg BT 193.26 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.36 495.10 Td (time ) Tj ET Q q 0 0 0 rg BT 225.47 495.10 Td (over ) Tj ET Q q 0 0 0 rg BT 246.56 495.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.33 495.10 Td (60-month ) Tj ET Q q 0 0 0 rg BT 296.55 495.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 320.46 495.10 Td (The ) Tj ET Q q 0 0 0 rg BT 339.34 495.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 367.65 495.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 413.19 495.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.19 495.10 Td (used ) Tj ET Q q 0 0 0 rg BT 444.85 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.96 495.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.62 495.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 512.58 495.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.47 483.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.52 483.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.91 483.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 201.16 483.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 219.21 483.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 253.92 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.42 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.35 483.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 324.17 483.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 346.67 483.10 Td (over ) Tj ET Q q 0 0 0 rg BT 366.94 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.66 483.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 419.69 483.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 442.18 483.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 78.79 468.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 120.35 468.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 143.02 468.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 184.02 468.10 Td (under ) Tj ET Q q 0 0 0 rg BT 209.47 468.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 249.91 468.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 276.46 468.10 Td (having ) Tj ET Q q 0 0 0 rg BT 306.35 468.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 332.36 468.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.37 468.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 386.59 468.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 449.78 468.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 472.45 468.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 497.34 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.80 468.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 536.57 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.58 468.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 456.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.54 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.37 456.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 149.95 456.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 172.45 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.16 456.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.99 456.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 379.6 m 561.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 365.6 m 561.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 363.6 m 561.5 363.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 429.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 429.27 Td (4,710,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 414.27 Td (4,623,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 399.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 399.27 Td (3,558,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 384.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 384.27 Td (828,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 369.27 Td (Total minimum operating lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 369.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 369.27 Td (13,721,655) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 350.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 73.85 350.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 109.49 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.59 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.25 350.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 181.45 350.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 208.77 350.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.64 350.10 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 252.58 350.10 Td (million ) Tj ET Q q 0 0 0 rg BT 284.91 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.79 350.10 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 323.73 350.10 Td (million ) Tj ET Q q 0 0 0 rg BT 356.06 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.16 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.82 350.10 Td (years ) Tj ET Q q 0 0 0 rg BT 411.35 350.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 438.67 350.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.20 350.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 521.64 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 350.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 338.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (Performance Bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.96 308.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 94.78 308.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 158.55 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.39 308.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 218.90 308.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.20 308.10 Td (required ) Tj ET Q q 0 0 0 rg BT 268.14 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.54 308.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 315.71 308.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 370.86 308.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 399.38 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.78 308.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 441.94 308.10 Td (its ) Tj ET Q q 0 0 0 rg BT 456.01 308.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 505.06 308.10 Td (commitments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.34 296.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.15 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 131.07 296.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 158.08 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.55 296.10 Td (any ) Tj ET Q q 0 0 0 rg BT 187.12 296.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 240.79 296.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 267.82 296.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 295.96 296.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.76 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.11 296.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.14 296.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.27 296.10 Td (have ) Tj ET Q q 0 0 0 rg BT 408.29 296.10 Td (ever ) Tj ET Q q 0 0 0 rg BT 428.64 296.10 Td (been ) Tj ET Q q 0 0 0 rg BT 450.65 296.10 Td (called ) Tj ET Q q 0 0 0 rg BT 477.67 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.81 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.38 296.10 Td (customer) Tj ET Q q 0 0 0 rg BT 534.49 296.10 Td (. ) Tj ET Q q 0 0 0 rg BT 539.43 296.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.69 296.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 110.16 284.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 136.73 284.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 187.47 284.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 242.07 284.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 270.03 284.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 299.11 284.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.18 284.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 342.24 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.65 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.94 284.10 Td (Company) Tj ET Q q 0 0 0 rg BT 412.60 284.10 Td (s ) Tj ET Q q 0 0 0 rg BT 420.57 284.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 461.28 284.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 514.79 284.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 91.93 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.21 272.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 162.47 272.10 Td ($37.3 ) Tj ET Q q 0 0 0 rg BT 187.47 272.10 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (Collective Bargaining ) Tj ET Q q 0 0 0 rg BT 142.41 257.10 Td (Agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (C&C, ) Tj ET Q q 0 0 0 rg BT 77.99 242.10 Td (one ) Tj ET Q q 0 0 0 rg BT 96.81 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.10 242.10 Td (Company) Tj ET Q q 0 0 0 rg BT 167.77 242.10 Td (s ) Tj ET Q q 0 0 0 rg BT 176.04 242.10 Td (electrical ) Tj ET Q q 0 0 0 rg BT 217.05 242.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 270.85 242.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 324.95 242.10 Td (is ) Tj ET Q q 0 0 0 rg BT 335.99 242.10 Td (party ) Tj ET Q q 0 0 0 rg BT 360.91 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.07 242.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 416.31 242.10 Td (bar) Tj ET Q q 0 0 0 rg BT 428.90 242.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 463.27 242.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 513.17 242.10 Td (with ) Tj ET Q q 0 0 0 rg BT 535.33 242.10 Td (unions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 101.81 230.10 Td (workers ) Tj ET Q q 0 0 0 rg BT 136.40 230.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 183.77 230.10 Td (field ) Tj ET Q q 0 0 0 rg BT 204.48 230.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 256.29 230.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 302.66 230.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.59 230.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 361.84 230.10 Td (bar) Tj ET Q q 0 0 0 rg BT 374.43 230.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 406.81 230.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 454.72 230.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 482.09 230.10 Td (at ) Tj ET Q q 0 0 0 rg BT 491.69 230.10 Td (various ) Tj ET Q q 0 0 0 rg BT 523.51 230.10 Td (times ) Tj ET Q q 0 0 0 rg BT 547.56 230.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.21 218.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 108.54 218.10 Td (been ) Tj ET Q q 0 0 0 rg BT 129.76 218.10 Td (renegotiated ) Tj ET Q q 0 0 0 rg BT 181.51 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.29 218.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 234.50 218.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.83 218.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 271.39 218.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 301.50 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.62 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.17 218.10 Td (ones ) Tj ET Q q 0 0 0 rg BT 346.84 218.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 388.05 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.17 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.72 218.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 448.38 218.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 498.58 218.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.47 218.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (require ) Tj ET Q q 0 0 0 rg BT 80.72 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.33 206.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 138.84 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.02 206.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 165.86 206.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 204.35 206.10 Td (wages, ) Tj ET Q q 0 0 0 rg BT 234.24 206.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 267.19 206.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.79 206.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 330.84 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.02 206.10 Td (their ) Tj ET Q q 0 0 0 rg BT 361.75 206.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 404.68 206.10 Td (union ) Tj ET Q q 0 0 0 rg BT 429.86 206.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 475.02 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.86 206.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 534.80 206.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.89 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.68 194.10 Td (multi-employer ) Tj ET Q q 0 0 0 rg BT 159.89 194.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 193.00 194.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 216.12 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.56 194.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 273.44 194.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 303.21 194.10 Td (trusts. ) Tj ET Q q 0 0 0 rg BT 329.24 194.10 Td (The ) Tj ET Q q 0 0 0 rg BT 346.79 194.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 390.68 194.10 Td (s ) Tj ET Q q 0 0 0 rg BT 396.58 194.10 Td (multi-employer ) Tj ET Q q 0 0 0 rg BT 460.79 194.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 493.90 194.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 513.13 194.10 Td (contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.52 182.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 111.38 182.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.23 182.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 164.97 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.40 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.26 182.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 231.78 182.10 Td (bar) Tj ET Q q 0 0 0 rg BT 244.37 182.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 277.01 182.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 325.19 182.10 Td (\(usually ) Tj ET Q q 0 0 0 rg BT 360.05 182.10 Td (on ) Tj ET Q q 0 0 0 rg BT 372.70 182.10 Td (an ) Tj ET Q q 0 0 0 rg BT 384.79 182.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 414.09 182.10 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 442.57 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.66 182.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 515.08 182.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.93 182.10 Td (made ) Tj ET Q q 0 0 0 rg BT 554.24 182.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.51 170.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 87.92 170.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.21 170.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.94 170.10 Td (pay-as-you-go ) Tj ET Q q 0 0 0 rg BT 175.87 170.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 198.17 170.10 Td (based ) Tj ET Q q 0 0 0 rg BT 223.23 170.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.53 170.10 Td (such ) Tj ET Q q 0 0 0 rg BT 256.15 170.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 300.04 170.10 Td (s ) Tj ET Q q 0 0 0 rg BT 306.23 170.10 Td (union ) Tj ET Q q 0 0 0 rg BT 331.30 170.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 372.47 170.10 Td (payrolls, ) Tj ET Q q 0 0 0 rg BT 409.48 170.10 Td (which ) Tj ET Q q 0 0 0 rg BT 436.21 170.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 465.16 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.89 170.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 524.17 170.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.13 170.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 82.37 158.10 Td (because ) Tj ET Q q 0 0 0 rg BT 116.95 158.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 172.66 158.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 204.47 158.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 219.91 158.10 Td (among ) Tj ET Q q 0 0 0 rg BT 250.06 158.10 Td (other ) Tj ET Q q 0 0 0 rg BT 273.54 158.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 303.42 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.57 158.10 Td (number ) Tj ET Q q 0 0 0 rg BT 352.06 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.32 158.10 Td (union ) Tj ET Q q 0 0 0 rg BT 389.03 158.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 434.73 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 452.66 158.10 Td (such ) Tj ET Q q 0 0 0 rg BT 473.93 158.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 517.97 158.10 Td (employs ) Tj ET Q q 0 0 0 rg BT 554.79 158.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 146.10 Td (given ) Tj ET Q q 0 0 0 rg BT 91.65 146.10 Td (time; ) Tj ET Q q 0 0 0 rg BT 114.70 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.41 146.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 153.02 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.30 146.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.23 146.10 Td (it ) Tj ET Q q 0 0 0 rg BT 198.29 146.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.00 146.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 262.70 146.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 282.96 146.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 327.11 146.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.61 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.33 146.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 388.48 146.10 Td (it ) Tj ET Q q 0 0 0 rg BT 396.53 146.10 Td (has ) Tj ET Q q 0 0 0 rg BT 412.36 146.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 447.64 146.10 Td (at ) Tj ET Q q 0 0 0 rg BT 457.35 146.10 Td (any ) Tj ET Q q 0 0 0 rg BT 474.29 146.10 Td (time; ) Tj ET Q q 0 0 0 rg BT 497.34 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.27 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.99 146.10 Td (need ) Tj ET Q q 0 0 0 rg BT 550.36 146.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (union ) Tj ET Q q 0 0 0 rg BT 75.37 134.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 115.72 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.09 134.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 172.56 134.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.93 134.10 Td (those ) Tj ET Q q 0 0 0 rg BT 216.63 134.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 253.38 134.10 Td (If ) Tj ET Q q 0 0 0 rg BT 262.63 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.44 134.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 321.14 134.10 Td (withdraws ) Tj ET Q q 0 0 0 rg BT 365.40 134.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 389.93 134.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.85 134.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 442.32 134.10 Td (terminates ) Tj ET Q q 0 0 0 rg BT 486.56 134.10 Td (its ) Tj ET Q q 0 0 0 rg BT 498.60 134.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 551.73 134.10 Td (in, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (one ) Tj ET Q q 0 0 0 rg BT 67.02 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 77.92 122.10 Td (more ) Tj ET Q q 0 0 0 rg BT 101.05 122.10 Td (multi-employer ) Tj ET Q q 0 0 0 rg BT 165.83 122.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 199.52 122.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 225.70 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.61 122.10 Td (if ) Tj ET Q q 0 0 0 rg BT 245.29 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.09 122.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 283.77 122.10 Td (were ) Tj ET Q q 0 0 0 rg BT 305.78 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.14 122.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 357.59 122.10 Td (become ) Tj ET Q q 0 0 0 rg BT 391.26 122.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 444.39 122.10 Td (underfunded, ) Tj ET Q q 0 0 0 rg BT 500.00 122.10 Td (such ) Tj ET Q q 0 0 0 rg BT 520.91 122.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.60 110.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.43 110.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 122.70 110.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.30 110.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.35 110.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 218.73 110.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 273.89 110.10 Td (related ) Tj ET Q q 0 0 0 rg BT 303.48 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.65 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.25 110.10 Td (underfunding ) Tj ET Q q 0 0 0 rg BT 384.52 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.23 110.10 Td (these ) Tj ET Q q 0 0 0 rg BT 418.17 110.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 443.99 110.10 Td (The ) Tj ET Q q 0 0 0 rg BT 461.93 110.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.20 110.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.26 110.10 Td (not ) Tj ET Q q 0 0 0 rg BT 527.43 110.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 553.68 110.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.60 98.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 102.65 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.14 98.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 160.29 98.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 193.56 98.10 Td (that ) Tj ET Q q 0 0 0 rg BT 210.72 98.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.76 98.10 Td (been ) Tj ET Q q 0 0 0 rg BT 252.80 98.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 288.28 98.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.77 98.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.38 98.10 Td (result ) Tj ET Q q 0 0 0 rg BT 329.76 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.25 98.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.85 98.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 394.00 98.10 Td (by ) Tj ET Q q 0 0 0 rg BT 406.16 98.10 Td (C&C ) Tj ET Q q 0 0 0 rg BT 429.44 98.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.04 98.10 Td (any ) Tj ET Q q 0 0 0 rg BT 467.65 98.10 Td (multi-employer ) Tj ET Q q 0 0 0 rg BT 532.02 98.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.26 86.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 113.87 86.10 Td (plans. ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Multi-employerPensionPlans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 727.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.53 727.25 Td (contributes ) Tj ET Q q 0 0 0 rg BT 155.00 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.83 727.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.31 727.25 Td (multi-employer ) Tj ET Q q 0 0 0 rg BT 235.57 727.25 Td (pensionplan ) Tj ET Q q 0 0 0 rg BT 288.44 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 300.48 727.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 327.51 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.89 727.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 382.70 727.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 416.39 727.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.44 727.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 469.35 727.25 Td (bar) Tj ET Q q 0 0 0 rg BT 481.94 727.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 513.98 727.25 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.71 715.25 Td (plansare ) Tj ET Q q 0 0 0 rg BT 115.35 715.25 Td (administered ) Tj ET Q q 0 0 0 rg BT 169.83 715.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 198.77 715.25 Td (by ) Tj ET Q q 0 0 0 rg BT 211.60 715.25 Td (management ) Tj ET Q q 0 0 0 rg BT 265.52 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.79 715.25 Td (union ) Tj ET Q q 0 0 0 rg BT 308.40 715.25 Td (representatives ) Tj ET Q q 0 0 0 rg BT 371.20 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.47 715.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 413.50 715.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 466.88 715.25 Td (all ) Tj ET Q q 0 0 0 rg BT 479.71 715.25 Td (full-time ) Tj ET Q q 0 0 0 rg BT 517.53 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.80 715.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (part-time ) Tj ET Q q 0 0 0 rg BT 89.54 703.25 Td (union ) Tj ET Q q 0 0 0 rg BT 115.20 703.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 160.85 703.25 Td (who ) Tj ET Q q 0 0 0 rg BT 180.96 703.25 Td (are ) Tj ET Q q 0 0 0 rg BT 196.05 703.25 Td (not ) Tj ET Q q 0 0 0 rg BT 211.71 703.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 246.25 703.25 Td (by ) Tj ET Q q 0 0 0 rg BT 259.13 703.25 Td (other ) Tj ET Q q 0 0 0 rg BT 282.56 703.25 Td (plans. ) Tj ET Q q 0 0 0 rg BT 308.85 703.25 Td (The ) Tj ET Q q 0 0 0 rg BT 327.28 703.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 349.06 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.27 703.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 413.70 703.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.36 703.25 Td (multi-employerplansare ) Tj ET Q q 0 0 0 rg BT 527.77 703.25 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 703.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.08 691.25 Td (single-employer ) Tj ET Q q 0 0 0 rg BT 139.70 691.25 Td (plansin ) Tj ET Q q 0 0 0 rg BT 173.73 691.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.59 691.25 Td (following ) Tj ET Q q 0 0 0 rg BT 230.12 691.25 Td (aspects: ) Tj ET Q q 0 0 0 rg BT 264.41 691.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 278.72 691.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 304.69 691.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 352.87 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.29 691.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.15 691.25 Td (multi-employerplanby ) Tj ET Q q 0 0 0 rg BT 475.21 691.25 Td (one ) Tj ET Q q 0 0 0 rg BT 492.29 691.25 Td (employer ) Tj ET Q q 0 0 0 rg BT 532.70 691.25 Td (may ) Tj ET Q q 0 0 0 rg BT 552.56 691.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (used ) Tj ET Q q 0 0 0 rg BT 71.09 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.62 679.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 114.93 679.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 149.34 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.88 679.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 205.40 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.49 679.25 Td (other ) Tj ET Q q 0 0 0 rg BT 239.79 679.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 293.09 679.25 Td (employers, ) Tj ET Q q 0 0 0 rg BT 340.00 679.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 354.42 679.25 Td (if ) Tj ET Q q 0 0 0 rg BT 363.28 679.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.48 679.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 423.78 679.25 Td (employer ) Tj ET Q q 0 0 0 rg BT 464.30 679.25 Td (stops ) Tj ET Q q 0 0 0 rg BT 487.62 679.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 539.26 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 679.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 71.60 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.70 667.25 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 125.35 667.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 171.67 667.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.88 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.98 667.25 Td (planmay ) Tj ET Q q 0 0 0 rg BT 234.80 667.25 Td (be ) Tj ET Q q 0 0 0 rg BT 246.12 667.25 Td (borne ) Tj ET Q q 0 0 0 rg BT 270.77 667.25 Td (by ) Tj ET Q q 0 0 0 rg BT 282.65 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.74 667.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 339.17 667.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 391.59 667.25 Td (employers, ) Tj ET Q q 0 0 0 rg BT 437.62 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.94 667.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 467.48 667.25 Td (if ) Tj ET Q q 0 0 0 rg BT 475.47 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.57 667.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 530.34 667.25 Td (chooses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.62 655.25 Td (stop ) Tj ET Q q 0 0 0 rg BT 80.13 655.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 133.51 655.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.13 655.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.41 655.25 Td (multi-employerplan, ) Tj ET Q q 0 0 0 rg BT 238.67 655.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.17 655.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 280.73 655.25 Td (under ) Tj ET Q q 0 0 0 rg BT 306.34 655.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 336.38 655.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 398.36 655.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.64 655.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 435.70 655.25 Td (for ) Tj ET Q q 0 0 0 rg BT 450.20 655.25 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 490.81 655.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 519.19 655.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 553.69 655.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.92 643.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 113.39 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.10 643.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 154.58 643.25 Td (administered ) Tj ET Q q 0 0 0 rg BT 209.61 643.25 Td (union/management ) Tj ET Q q 0 0 0 rg BT 289.63 643.25 Td (plans. ) Tj ET Q q 0 0 0 rg BT 315.87 643.25 Td (At ) Tj ET Q q 0 0 0 rg BT 329.24 643.25 Td (this ) Tj ET Q q 0 0 0 rg BT 347.06 643.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 370.71 643.25 Td (we ) Tj ET Q q 0 0 0 rg BT 385.74 643.25 Td (have ) Tj ET Q q 0 0 0 rg BT 408.00 643.25 Td (not ) Tj ET Q q 0 0 0 rg BT 424.15 643.25 Td (established ) Tj ET Q q 0 0 0 rg BT 471.96 643.25 Td (any ) Tj ET Q q 0 0 0 rg BT 489.77 643.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 530.36 643.25 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 97.65 631.25 Td (from ) Tj ET Q q 0 0 0 rg BT 119.75 631.25 Td (these ) Tj ET Q q 0 0 0 rg BT 142.97 631.25 Td (plansis ) Tj ET Q q 0 0 0 rg BT 175.91 631.25 Td (not ) Tj ET Q q 0 0 0 rg BT 191.35 631.25 Td (probable. ) Tj ET Q q 0 0 0 rg BT 231.50 631.25 Td (For ) Tj ET Q q 0 0 0 rg BT 248.06 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.94 631.25 Td (years ) Tj ET Q q 0 0 0 rg BT 286.71 631.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 313.25 631.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 372.00 631.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 394.66 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.76 631.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 436.93 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.81 631.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 507.25 631.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.69 631.25 Td (these ) Tj ET Q q 0 0 0 rg BT 540.91 631.25 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 619.25 Td ($176,000 ) Tj ET Q q 0 0 0 rg BT 111.93 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.87 619.25 Td ($21) Tj ET Q q 0 0 0 rg BT 143.50 619.25 Td (1,000, ) Tj ET Q q 0 0 0 rg BT 171.00 619.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 218.66 619.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.51 604.25 Td (Company) Tj ET Q q 0 0 0 rg BT 111.17 604.25 Td (s ) Tj ET Q q 0 0 0 rg BT 119.03 604.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 173.52 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.26 604.25 Td (multi-employerpensionplans ) Tj ET Q q 0 0 0 rg BT 308.65 604.25 Td (is ) Tj ET Q q 0 0 0 rg BT 319.28 604.25 Td (outlined ) Tj ET Q q 0 0 0 rg BT 356.02 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.76 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.93 604.25 Td (table ) Tj ET Q q 0 0 0 rg BT 407.33 604.25 Td (below) Tj ET Q q 0 0 0 rg BT 431.12 604.25 Td (. ) Tj ET Q q 0 0 0 rg BT 437.29 604.25 Td (The ) Tj ET Q q 0 0 0 rg BT 456.80 604.25 Td (EIN ) Tj ET Q q 0 0 0 rg BT 477.42 604.25 Td (column ) Tj ET Q q 0 0 0 rg BT 511.38 604.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 549.78 604.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (Employer ) Tj ET Q q 0 0 0 rg BT 91.67 592.25 Td (Identification ) Tj ET Q q 0 0 0 rg BT 147.76 592.25 Td (Number ) Tj ET Q q 0 0 0 rg BT 182.76 592.25 Td (\(EIN\) ) Tj ET Q q 0 0 0 rg BT 217.19 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.75 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.20 592.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 264.15 592.25 Td (Unless ) Tj ET Q q 0 0 0 rg BT 293.60 592.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 334.71 592.25 Td (noted, ) Tj ET Q q 0 0 0 rg BT 361.66 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.11 592.25 Td (most ) Tj ET Q q 0 0 0 rg BT 397.79 592.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 424.44 592.25 Td (PensionProtection ) Tj ET Q q 0 0 0 rg BT 501.46 592.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 518.13 592.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 539.23 592.25 Td (status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (available ) Tj ET Q q 0 0 0 rg BT 88.76 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.21 580.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 121.88 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.99 580.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 161.66 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 171.00 580.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.33 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.21 580.25 Td (plan) Tj ET Q q 0 0 0 rg BT 220.21 580.25 Td (s ) Tj ET Q q 0 0 0 rg BT 226.77 580.25 Td (year ) Tj ET Q q 0 0 0 rg BT 246.65 580.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 273.19 580.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 331.95 580.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 357.12 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.22 580.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 399.39 580.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 447.06 580.25 Td (. ) Tj ET Q q 0 0 0 rg BT 452.03 580.25 Td (The ) Tj ET Q q 0 0 0 rg BT 470.25 580.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 491.80 580.25 Td (status ) Tj ET Q q 0 0 0 rg BT 517.24 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 526.58 580.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.02 580.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.49 568.25 Td (that ) Tj ET Q q 0 0 0 rg BT 116.76 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.25 568.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.42 568.25 Td (received ) Tj ET Q q 0 0 0 rg BT 208.56 568.25 Td (from ) Tj ET Q q 0 0 0 rg BT 230.27 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.77 568.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 266.76 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.48 568.25 Td (is ) Tj ET Q q 0 0 0 rg BT 292.42 568.25 Td (certified ) Tj ET Q q 0 0 0 rg BT 328.01 568.25 Td (by ) Tj ET Q q 0 0 0 rg BT 340.29 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.78 568.25 Td (plan) Tj ET Q q 0 0 0 rg BT 374.77 568.25 Td (s ) Tj ET Q q 0 0 0 rg BT 380.94 568.25 Td (actuary) Tj ET Q q 0 0 0 rg BT 409.72 568.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.99 568.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 446.27 568.25 Td (other ) Tj ET Q q 0 0 0 rg BT 469.09 568.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 501.08 568.25 Td (plansin ) Tj ET Q q 0 0 0 rg BT 534.74 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.23 568.25 Td (red ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 71.68 556.25 Td (are ) Tj ET Q q 0 0 0 rg BT 86.69 556.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 126.69 556.25 Td (less ) Tj ET Q q 0 0 0 rg BT 144.49 556.25 Td (than ) Tj ET Q q 0 0 0 rg BT 164.51 556.25 Td (65% ) Tj ET Q q 0 0 0 rg BT 185.64 556.25 Td (funded, ) Tj ET Q q 0 0 0 rg BT 218.71 556.25 Td (plansin ) Tj ET Q q 0 0 0 rg BT 252.90 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.92 556.25 Td (yellow ) Tj ET Q q 0 0 0 rg BT 297.94 556.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 319.62 556.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.63 556.25 Td (less ) Tj ET Q q 0 0 0 rg BT 352.43 556.25 Td (than ) Tj ET Q q 0 0 0 rg BT 372.45 556.25 Td (80% ) Tj ET Q q 0 0 0 rg BT 393.58 556.25 Td (funded, ) Tj ET Q q 0 0 0 rg BT 426.65 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.89 556.25 Td (plansin ) Tj ET Q q 0 0 0 rg BT 478.08 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.10 556.25 Td (green ) Tj ET Q q 0 0 0 rg BT 518.11 556.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 539.78 556.25 Td (are ) Tj ET Q q 0 0 0 rg BT 554.79 556.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (least ) Tj ET Q q 0 0 0 rg BT 71.30 544.25 Td (80% ) Tj ET Q q 0 0 0 rg BT 92.60 544.25 Td (funded. ) Tj ET Q q 0 0 0 rg BT 125.62 544.25 Td (The ) Tj ET Q q 0 0 0 rg BT 144.14 544.25 Td (FIP ) Tj ET Q q 0 0 0 rg BT 170.44 544.25 Td (column ) Tj ET Q q 0 0 0 rg BT 203.41 544.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 241.92 544.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 266.00 544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 280.63 544.25 Td (which ) Tj ET Q q 0 0 0 rg BT 308.04 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.45 544.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.40 544.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 409.69 544.25 Td (plan\(FIP\) ) Tj ET Q q 0 0 0 rg BT 466.81 544.25 Td (is ) Tj ET Q q 0 0 0 rg BT 476.45 544.25 Td (either ) Tj ET Q q 0 0 0 rg BT 502.19 544.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 537.38 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 548.68 544.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (been ) Tj ET Q q 0 0 0 rg BT 71.69 532.25 Td (implemented. ) Tj ET Q q 0 0 0 rg BT 129.01 532.25 Td (The ) Tj ET Q q 0 0 0 rg BT 147.37 532.25 Td (last ) Tj ET Q q 0 0 0 rg BT 164.07 532.25 Td (column ) Tj ET Q q 0 0 0 rg BT 196.88 532.25 Td (lists ) Tj ET Q q 0 0 0 rg BT 215.81 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.84 532.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 274.20 532.25 Td (date\(s\) ) Tj ET Q q 0 0 0 rg BT 304.22 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.36 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.39 532.25 Td (collective-bar) Tj ET Q q 0 0 0 rg BT 385.18 532.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 417.99 532.25 Td (agreement\(s\) ) Tj ET Q q 0 0 0 rg BT 472.99 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.59 532.25 Td (which ) Tj ET Q q 0 0 0 rg BT 510.84 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.87 532.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 549.79 532.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (subject. ) Tj ET Q q 0 0 0 rg BT 83.43 520.25 Td (There ) Tj ET Q q 0 0 0 rg BT 109.55 520.25 Td (have ) Tj ET Q q 0 0 0 rg BT 131.23 520.25 Td (been ) Tj ET Q q 0 0 0 rg BT 152.91 520.25 Td (no ) Tj ET Q q 0 0 0 rg BT 165.71 520.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 210.73 520.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 245.74 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.32 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.34 520.25 Td (number ) Tj ET Q q 0 0 0 rg BT 304.69 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.83 520.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.52 520.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 403.09 520.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 437.54 520.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.34 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.36 520.25 Td (multi-employerplansor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 508.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 117.76 508.25 Td (events ) Tj ET Q q 0 0 0 rg BT 145.81 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 163.30 508.25 Td (would ) Tj ET Q q 0 0 0 rg BT 190.80 508.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 220.51 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.23 508.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 293.27 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.10 508.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 359.37 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.65 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.37 508.25 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Information about the Plan is publicly available on Form 5500, ) Tj ET Q q 0 0 0 rg BT 304.13 490.25 Td (Annual Return / Report of Employee Benefit Plan. ) Tj ET Q q 0 0 0 rg BT 509.18 490.25 Td (The Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (year) Tj ET Q q 0 0 0 rg BT 67.01 478.25 Td (-end is December 31st and no single employer contributes 5% or more of total plan contributions.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 419.75 m 129.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 129.5 419.75 m 196.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 419.75 m 245.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 419.75 m 285.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 419.75 m 325.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 419.75 m 393.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 419.75 m 458.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 419.75 m 562.5 419.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.65 458.43 Td (Certified Zone Status) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.10 424.43 Td (Plan Name:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.65 424.43 Td (EIN Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.75 434.43 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.80 424.43 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.00 424.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.00 424.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 434.43 Td (FIP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 424.43 Td (Implemented) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.35 434.43 Td (Surcharge) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 424.43 Td (Imposed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.25 444.43 Td (Expiration Date of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.75 434.43 Td (Collective Bargaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.45 424.43 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.25 409.87 Td (National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.35 399.87 Td (Electrical Benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.20 389.87 Td (Fund) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.30 399.87 Td (53-0181657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 399.87 Td (001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.75 399.87 Td (Green) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.75 399.87 Td (Green) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.70 409.87 Td (Not applicable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 399.87 Td (\(green-zone) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.70 389.87 Td (plan\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.20 409.87 Td (Not applicable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.60 399.87 Td (\(green-zone) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.20 389.87 Td (plan\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 399.87 Td (August 31, 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Committed Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.18 355.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.70 355.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.78 355.25 Td (time ) Tj ET Q q 0 0 0 rg BT 148.18 355.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.60 355.25 Td (time ) Tj ET Q q 0 0 0 rg BT 177.01 355.25 Td (commits ) Tj ET Q q 0 0 0 rg BT 213.08 355.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.50 355.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 259.67 355.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.95 355.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 331.80 355.25 Td (such ) Tj ET Q q 0 0 0 rg BT 351.77 355.25 Td (as ) Tj ET Q q 0 0 0 rg BT 361.73 355.25 Td (heavy ) Tj ET Q q 0 0 0 rg BT 387.24 355.25 Td (trucks ) Tj ET Q q 0 0 0 rg BT 413.32 355.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.73 355.25 Td (order ) Tj ET Q q 0 0 0 rg BT 445.46 355.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.88 355.25 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 512.04 355.25 Td (manufacture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 69.16 343.25 Td (times. ) Tj ET Q q 0 0 0 rg BT 95.27 343.25 Td (As ) Tj ET Q q 0 0 0 rg BT 108.88 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.71 343.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 178.30 343.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 200.80 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.51 343.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.90 343.25 Td (had ) Tj ET Q q 0 0 0 rg BT 273.84 343.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 334.10 343.25 Td ($541,000 ) Tj ET Q q 0 0 0 rg BT 374.10 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.93 343.25 Td (such ) Tj ET Q q 0 0 0 rg BT 405.76 343.25 Td (commitments. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.81 313.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.97 313.25 Td (is ) Tj ET Q q 0 0 0 rg BT 117.90 313.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 155.17 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.21 313.25 Td (various ) Tj ET Q q 0 0 0 rg BT 196.92 313.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 218.62 313.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 246.99 313.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 276.47 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.52 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.00 313.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 337.15 313.25 Td (course ) Tj ET Q q 0 0 0 rg BT 365.51 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.11 313.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 414.60 313.25 Td (The ) Tj ET Q q 0 0 0 rg BT 432.42 313.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.57 313.25 Td (has ) Tj ET Q q 0 0 0 rg BT 489.17 313.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 532.53 313.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 313.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 85.14 301.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 131.42 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.12 301.25 Td (these ) Tj ET Q q 0 0 0 rg BT 165.04 301.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 196.85 301.25 Td (should ) Tj ET Q q 0 0 0 rg BT 225.90 301.25 Td (not ) Tj ET Q q 0 0 0 rg BT 241.05 301.25 Td (have ) Tj ET Q q 0 0 0 rg BT 262.30 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.12 301.25 Td (material ) Tj ET Q q 0 0 0 rg BT 304.25 301.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 337.17 301.25 Td (ef) Tj ET Q q 0 0 0 rg BT 344.75 301.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.11 301.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.49 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.08 301.25 Td (Company) Tj ET Q q 0 0 0 rg BT 430.75 301.25 Td (s ) Tj ET Q q 0 0 0 rg BT 437.01 301.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 489.93 301.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.29 301.25 Td (position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 289.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 136.09 289.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.92 289.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 180.17 289.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Note 9 Income Per) Tj ET Q q 0 0 0 rg BT 136.46 274.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 159.34 274.25 Td (e of Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 74.87 259.25 Td (income ) Tj ET Q q 0 0 0 rg BT 106.96 259.25 Td (per ) Tj ET Q q 0 0 0 rg BT 122.39 259.25 Td (common ) Tj ET Q q 0 0 0 rg BT 160.04 259.25 Td (share ) Tj ET Q q 0 0 0 rg BT 183.79 259.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.12 259.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 235.21 259.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.87 259.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 283.86 259.25 Td (net ) Tj ET Q q 0 0 0 rg BT 298.73 259.25 Td (income ) Tj ET Q q 0 0 0 rg BT 330.82 259.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.48 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.35 259.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 397.66 259.25 Td (average ) Tj ET Q q 0 0 0 rg BT 431.40 259.25 Td (number ) Tj ET Q q 0 0 0 rg BT 464.60 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.59 259.25 Td (common ) Tj ET Q q 0 0 0 rg BT 513.24 259.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 537.01 259.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.23 247.25 Td (during ) Tj ET Q q 0 0 0 rg BT 125.91 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.70 247.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 169.32 247.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 200.88 247.25 Td (income ) Tj ET Q q 0 0 0 rg BT 231.88 247.25 Td (per ) Tj ET Q q 0 0 0 rg BT 246.22 247.25 Td (share ) Tj ET Q q 0 0 0 rg BT 268.89 247.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 299.89 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.67 247.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 350.23 247.25 Td (dilution ) Tj ET Q q 0 0 0 rg BT 382.92 247.25 Td (that ) Tj ET Q q 0 0 0 rg BT 399.48 247.25 Td (could ) Tj ET Q q 0 0 0 rg BT 423.27 247.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 447.04 247.25 Td (if ) Tj ET Q q 0 0 0 rg BT 454.72 247.25 Td (common ) Tj ET Q q 0 0 0 rg BT 491.29 247.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.96 247.25 Td (equivalents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 235.25 Td (as ) Tj ET Q q 0 0 0 rg BT 81.66 235.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 105.27 235.25 Td (options ) Tj ET Q q 0 0 0 rg BT 137.22 235.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 188.88 235.25 Td (were ) Tj ET Q q 0 0 0 rg BT 210.81 235.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 251.06 235.25 Td (into ) Tj ET Q q 0 0 0 rg BT 269.12 235.25 Td (common ) Tj ET Q q 0 0 0 rg BT 306.62 235.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.22 235.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.72 235.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 402.44 235.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 431.04 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.31 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.03 235.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 492.41 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.24 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.95 235.25 Td (Company) Tj ET Q q 0 0 0 rg BT 556.19 235.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.68 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.58 220.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 133.23 220.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 155.80 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.80 220.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 197.87 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.65 220.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.11 220.25 Td (had ) Tj ET Q q 0 0 0 rg BT 271.11 220.25 Td (no ) Tj ET Q q 0 0 0 rg BT 283.68 220.25 Td (common ) Tj ET Q q 0 0 0 rg BT 321.24 220.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 344.92 220.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 395.34 220.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.46 220.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 466.02 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.91 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.70 220.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 530.92 220.25 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.08 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.95 208.25 Td (common ) Tj ET Q q 0 0 0 rg BT 128.48 208.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 151.12 208.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 177.64 208.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 225.84 208.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 262.36 208.25 Td (2,362,418 ) Tj ET Q q 0 0 0 rg BT 303.90 208.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 330.42 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.18 208.25 Td (T) Tj ET Q q 0 0 0 rg BT 345.93 208.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 376.90 208.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 401.21 208.25 Td (for ) Tj ET Q q 0 0 0 rg BT 414.40 208.25 Td (each ) Tj ET Q q 0 0 0 rg BT 434.25 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.12 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.87 208.25 Td (years ) Tj ET Q q 0 0 0 rg BT 480.50 208.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.92 208.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 196.25 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (Note 10 Common Stock Repur) Tj ET Q q 0 0 0 rg BT 187.87 181.25 Td (chase Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.92 166.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.18 166.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.88 166.25 Td (had ) Tj ET Q q 0 0 0 rg BT 141.69 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 148.51 166.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 171.99 166.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 217.67 166.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 237.26 166.25 Td (since ) Tj ET Q q 0 0 0 rg BT 260.18 166.25 Td (September17, ) Tj ET Q q 0 0 0 rg BT 320.31 166.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 345.19 166.25 Td (when ) Tj ET Q q 0 0 0 rg BT 369.22 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 166.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 410.62 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.32 166.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 460.90 166.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 498.26 166.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.19 166.25 Td (announced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.13 154.25 Td (last ) Tj ET Q q 0 0 0 rg BT 79.03 154.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 117.13 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 129.15 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.38 154.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 169.83 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.17 154.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 219.39 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 231.40 154.25 Td (September15, ) Tj ET Q q 0 0 0 rg BT 291.18 154.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 315.69 154.25 Td (this ) Tj ET Q q 0 0 0 rg BT 332.16 154.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 351.39 154.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 383.39 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.62 154.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 435.17 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.52 154.25 Td (up ) Tj ET Q q 0 0 0 rg BT 457.53 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.32 154.25 Td (3,500,000 ) Tj ET Q q 0 0 0 rg BT 509.34 154.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 538.69 154.25 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.11 142.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.64 142.25 Td (available ) Tj ET Q q 0 0 0 rg BT 136.16 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.26 142.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 188.23 142.25 Td (through ) Tj ET Q q 0 0 0 rg BT 221.78 142.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 281.98 142.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 306.91 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 313.79 142.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 356.78 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.54 142.25 Td (1,154,940 ) Tj ET Q q 0 0 0 rg BT 409.98 142.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 439.73 142.25 Td (The ) Tj ET Q q 0 0 0 rg BT 457.71 142.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.04 142.25 Td (may ) Tj ET Q q 0 0 0 rg BT 518.69 142.25 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.58 130.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 88.71 130.25 Td (either ) Tj ET Q q 0 0 0 rg BT 113.60 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.52 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.87 130.25 Td (open ) Tj ET Q q 0 0 0 rg BT 159.44 130.25 Td (market ) Tj ET Q q 0 0 0 rg BT 189.34 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 199.80 130.25 Td (through ) Tj ET Q q 0 0 0 rg BT 233.04 130.25 Td (private ) Tj ET Q q 0 0 0 rg BT 262.94 130.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 315.18 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 332.86 130.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 364.99 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.46 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.81 130.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 416.93 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.84 130.25 Td (be ) Tj ET Q q 0 0 0 rg BT 438.42 130.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 488.85 130.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.66 130.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 542.00 130.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.45 118.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 124.81 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.94 118.25 Td (other ) Tj ET Q q 0 0 0 rg BT 165.17 118.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 197.57 118.25 Td (No ) Tj ET Q q 0 0 0 rg BT 212.48 118.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 240.16 118.25 Td (were ) Tj ET Q q 0 0 0 rg BT 262.28 118.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 313.27 118.25 Td (during ) Tj ET Q q 0 0 0 rg BT 342.07 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.98 118.25 Td (years ) Tj ET Q q 0 0 0 rg BT 380.76 118.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 407.33 118.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 466.10 118.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 488.79 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.92 118.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.80 106.25 Td (As ) Tj ET Q q 0 0 0 rg BT 88.85 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.13 106.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.16 106.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.61 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.77 106.25 Td (total ) Tj ET Q q 0 0 0 rg BT 220.49 106.25 Td (number ) Tj ET Q q 0 0 0 rg BT 253.98 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.26 106.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.19 106.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 344.44 106.25 Td (under ) Tj ET Q q 0 0 0 rg BT 370.16 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.32 106.25 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 434.91 106.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 455.64 106.25 Td (was ) Tj ET Q q 0 0 0 rg BT 474.13 106.25 Td (2,345,060 ) Tj ET Q q 0 0 0 rg BT 517.08 106.25 Td (at ) Tj ET Q q 0 0 0 rg BT 527.24 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.63 106.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 553.68 106.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td ($1,289,467 ) Tj ET Q q 0 0 0 rg BT 97.40 94.25 Td (\(average ) Tj ET Q q 0 0 0 rg BT 134.21 94.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 152.71 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.44 94.25 Td ($0.55 ) Tj ET Q q 0 0 0 rg BT 188.34 94.25 Td (per ) Tj ET Q q 0 0 0 rg BT 203.51 94.25 Td (share\). ) Tj ET Q q 0 0 0 rg BT 232.66 94.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.60 94.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.89 94.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 330.38 94.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 354.45 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.06 94.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 419.76 94.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 443.27 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.82 94.25 Td (T) Tj ET Q q 0 0 0 rg BT 459.58 94.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 491.41 94.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 519.08 94.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 554.79 94.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 71.11 82.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 93.61 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.89 82.25 Td (September17, ) Tj ET Q q 0 0 0 rg BT 164.15 82.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 189.15 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.87 82.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.25 82.25 Td (had ) Tj ET Q q 0 0 0 rg BT 262.19 82.25 Td (17,358 ) Tj ET Q q 0 0 0 rg BT 292.19 82.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 319.68 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.33 82.25 Td (T) Tj ET Q q 0 0 0 rg BT 336.09 82.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 368.02 82.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 393.30 82.25 Td (that ) Tj ET Q q 0 0 0 rg BT 410.79 82.25 Td (it ) Tj ET Q q 0 0 0 rg BT 418.85 82.25 Td (had ) Tj ET Q q 0 0 0 rg BT 435.79 82.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 478.82 82.25 Td (at ) Tj ET Q q 0 0 0 rg BT 488.54 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 495.48 82.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 514.09 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.92 82.25 Td ($18,720.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 742.25 Td (1 Business Concentration and Cr) Tj ET Q q 0 0 0 rg BT 225.39 742.25 Td (edit Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Credit Risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.01 712.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 147.98 712.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 181.56 712.25 Td (within ) Tj ET Q q 0 0 0 rg BT 212.92 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.94 712.25 Td (electrical ) Tj ET Q q 0 0 0 rg BT 273.38 712.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 328.61 712.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 378.57 712.25 Td (which ) Tj ET Q q 0 0 0 rg BT 408.81 712.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 457.38 712.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 491.51 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.53 712.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 554.22 712.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 110.87 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.76 700.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.08 700.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 167.13 700.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 197.47 700.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 243.35 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.24 700.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 291.78 700.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 335.42 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.41 700.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 386.05 700.25 Td (billings ) Tj ET Q q 0 0 0 rg BT 418.62 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.95 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.73 700.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 480.17 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.06 700.25 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 516.12 700.25 Td (million ) Tj ET Q q 0 0 0 rg BT 547.57 700.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td ($17.3 ) Tj ET Q q 0 0 0 rg BT 75.76 688.25 Td (million ) Tj ET Q q 0 0 0 rg BT 107.91 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 119.49 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.08 688.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 190.42 688.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 213.68 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.37 688.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 257.13 688.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 304.79 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 310.55 688.25 Td (which ) Tj ET Q q 0 0 0 rg BT 338.24 688.25 Td (management ) Tj ET Q q 0 0 0 rg BT 392.59 688.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 426.94 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.98 688.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 465.68 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.15 688.25 Td (need ) Tj ET Q q 0 0 0 rg BT 503.29 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.32 688.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 552.57 688.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 93.03 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 107.19 676.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 143.58 676.25 Td (accounts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 646.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.72 646.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 135.53 646.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.45 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.59 646.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 201.62 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.54 646.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 233.47 646.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 262.44 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.36 646.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 302.61 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.08 646.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 349.71 646.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 383.96 646.25 Td (InsuranceCorporation ) Tj ET Q q 0 0 0 rg BT 476.80 646.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 518.26 646.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 546.46 646.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.13 634.25 Td (has ) Tj ET Q q 0 0 0 rg BT 106.69 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 121.71 634.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 172.25 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.93 634.25 Td (does ) Tj ET Q q 0 0 0 rg BT 209.50 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 224.51 634.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 265.62 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 282.30 634.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 308.43 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.44 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 335.12 634.25 Td (such ) Tj ET Q q 0 0 0 rg BT 355.69 634.25 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 393.18 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 395.25 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.04 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.16 634.25 Td (mitigates ) Tj ET Q q 0 0 0 rg BT 493.06 634.25 Td (this ) Tj ET Q q 0 0 0 rg BT 509.75 634.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 526.99 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 539.23 634.25 Td (doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (business ) Tj ET Q q 0 0 0 rg BT 86.39 622.25 Td (with ) Tj ET Q q 0 0 0 rg BT 106.67 622.25 Td (well ) Tj ET Q q 0 0 0 rg BT 126.39 622.25 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 174.69 622.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 204.97 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.45 622.25 Td (institutions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (Customer Concentration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.32 592.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 100.77 592.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 143.10 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.77 592.25 Td (dollars\) ) Tj ET Q q 0 0 0 rg BT 186.65 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.77 592.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 239.65 592.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 282.52 592.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 303.19 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.85 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.41 592.25 Td (Company) Tj ET Q q 0 0 0 rg BT 370.07 592.25 Td (s ) Tj ET Q q 0 0 0 rg BT 376.30 592.25 Td (total ) Tj ET Q q 0 0 0 rg BT 396.41 592.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 430.39 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.39 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.94 592.25 Td (years ) Tj ET Q q 0 0 0 rg BT 482.38 592.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 508.59 592.25 Td (December ) Tj ET Q q 0 0 0 rg BT 552.01 592.25 Td (31 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 580.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 99.98 580.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.69 580.25 Td (as ) Tj ET Q q 0 0 0 rg BT 125.52 580.25 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 550.75 m 354.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 550.75 m 358.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 550.75 m 423.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 550.75 m 492.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 550.75 m 496.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 550.75 m 561.5 550.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 529.75 m 354.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 529.75 m 423.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 529.75 m 492.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 529.75 m 561.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 529.75 m 354.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 529.75 m 423.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 529.75 m 492.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 529.75 m 561.5 529.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 555.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.00 554.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 554.48 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 534.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.95 534.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.95 541.48 Td (% of Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 531.53 Td (revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.95 534.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.95 541.48 Td (% of Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.65 531.53 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 519.42 Td (Electrical construction operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 504.42 Td (Customer A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 504.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 504.42 Td (23,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 504.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 504.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 504.42 Td (22,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 504.42 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 489.42 Td (Customer B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 489.42 Td (18,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 489.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 489.42 Td (16,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 489.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 474.42 Td (Customer C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 474.42 Td (33,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 474.42 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 474.42 Td (36,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 474.42 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.49 455.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.99 455.25 Td (service/product ) Tj ET Q q 0 0 0 rg BT 164.13 455.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 177.73 455.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 220.23 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.06 455.25 Td (dollars\) ) Tj ET Q q 0 0 0 rg BT 264.11 455.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.27 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 455.25 Td (years ) Tj ET Q q 0 0 0 rg BT 316.59 455.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 342.96 455.25 Td (December ) Tj ET Q q 0 0 0 rg BT 386.55 455.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 399.05 455.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.88 455.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 449.03 455.25 Td (are ) Tj ET Q q 0 0 0 rg BT 463.74 455.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.57 455.25 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 425.75 m 354.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 425.75 m 423.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 425.75 m 492.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 425.75 m 496.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 425.75 m 561.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 404.75 m 354.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 404.75 m 423.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 404.75 m 492.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 404.75 m 561.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 359.75 m 354.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 359.75 m 423.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 359.75 m 492.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 359.75 m 561.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 329.75 m 354.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 315.75 m 354.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 313.75 m 354.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 329.75 m 423.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 315.75 m 423.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 313.75 m 423.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 329.75 m 492.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.75 m 492.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 313.75 m 492.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 329.75 m 561.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 313.75 m 561.5 313.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 430.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.00 429.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 429.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.95 409.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.95 416.48 Td (% of Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 406.53 Td (revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.95 409.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.95 416.48 Td (% of Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.65 406.53 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.42 Td (Electrical construction operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 379.42 Td (Principal electrical construction operations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 243.83 383.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 379.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 379.42 Td (118,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 379.42 Td (91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 379.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 379.42 Td (115,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 379.42 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 364.42 Td (Other electrical construction ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.34 368.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 364.42 Td (7,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 364.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 364.42 Td (3,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 364.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 349.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 349.42 Td (125,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 349.42 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 349.42 Td (119,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 349.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 334.42 Td (All other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 334.42 Td (4,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 334.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 334.42 Td (955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 334.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 319.42 Td (Total revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 319.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 319.42 Td (130,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.00 319.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 319.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 319.42 Td (120,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 319.42 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 289.43 Td (___________) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 52.00 279.40 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.58 274.87 Td ( Principal electrical construction operations includes revenue from transmission lines, distribution systems, substations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 264.87 Td (drilled pier foundations.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 52.00 253.40 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.58 253.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.20 248.87 Td (Other electrical construction includes revenue from storm work, fiber optics and other miscellaneous electrical construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 238.87 Td (items.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 219.25 Td (total ) Tj ET Q q 0 0 0 rg BT 88.32 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.15 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.87 219.25 Td (above ) Tj ET Q q 0 0 0 rg BT 140.24 219.25 Td (categories ) Tj ET Q q 0 0 0 rg BT 183.28 219.25 Td (may ) Tj ET Q q 0 0 0 rg BT 202.99 219.25 Td (dif) Tj ET Q q 0 0 0 rg BT 213.92 219.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 227.52 219.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.46 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 219.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 283.34 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.17 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.89 219.25 Td (components ) Tj ET Q q 0 0 0 rg BT 359.72 219.25 Td (due ) Tj ET Q q 0 0 0 rg BT 376.66 219.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.93 219.25 Td (rounding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (Note 12 Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 92.29 189.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 114.30 189.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 149.36 189.25 Td (under ) Tj ET Q q 0 0 0 rg BT 173.88 189.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 215.59 189.25 Td (char) Tj ET Q q 0 0 0 rg BT 232.61 189.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 247.69 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.87 189.25 Td (other ) Tj ET Q q 0 0 0 rg BT 286.17 189.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 315.68 189.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.43 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.39 189.25 Td (Company) Tj ET Q q 0 0 0 rg BT 383.05 189.25 Td (s ) Tj ET Q q 0 0 0 rg BT 388.69 189.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 420.97 189.25 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 445.76 189.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 488.04 189.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 523.68 189.25 Td (deposited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.30 177.25 Td (a ) Tj ET Q q 0 0 0 rg BT 65.27 177.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 84.57 177.25 Td (account ) Tj ET Q q 0 0 0 rg BT 117.19 177.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.49 177.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 153.55 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.30 177.25 Td (Company) Tj ET Q q 0 0 0 rg BT 208.96 177.25 Td (s ) Tj ET Q q 0 0 0 rg BT 214.38 177.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 260.35 177.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.65 177.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 315.05 177.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.35 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.09 177.25 Td (Company) Tj ET Q q 0 0 0 rg BT 389.76 177.25 Td (s ) Tj ET Q q 0 0 0 rg BT 395.17 177.25 Td (workers) Tj ET Q q 0 0 0 rg BT 429.97 177.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.50 177.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 488.56 177.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 528.40 177.25 Td (policies.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 13 Goodwill and Other) Tj ET Q q 0 0 0 rg BT 177.88 742.25 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 226.23 742.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 254.84 742.25 Td (Associated with the ) Tj ET Q q 0 0 0 rg BT 339.56 742.25 Td (Acquisition of C&C) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 727.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.56 727.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 153.77 727.25 Td (an ) Tj ET Q q 0 0 0 rg BT 165.77 727.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 194.99 727.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.65 727.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 290.65 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 303.22 727.25 Td (its ) Tj ET Q q 0 0 0 rg BT 315.23 727.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 353.35 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.35 727.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 412.91 727.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.80 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.36 727.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 510.01 727.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 535.07 727.25 Td (Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.50 715.25 Td (this ) Tj ET Q q 0 0 0 rg BT 89.45 715.25 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 126.67 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.38 715.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.77 715.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 230.25 715.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.74 715.25 Td (there ) Tj ET Q q 0 0 0 rg BT 270.23 715.25 Td (were ) Tj ET Q q 0 0 0 rg BT 292.16 715.25 Td (no ) Tj ET Q q 0 0 0 rg BT 304.66 715.25 Td (impairments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 700.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 700.25 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 700.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.35 700.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 204.97 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.90 700.25 Td (net ) Tj ET Q q 0 0 0 rg BT 236.62 700.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 273.54 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.38 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.21 700.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 338.26 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.20 700.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 397.69 700.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 423.52 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 434.35 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.18 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.90 700.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 482.94 700.25 Td (indicated:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 668.75 m 203.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 668.75 m 259.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 668.75 m 263.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 668.75 m 328.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 668.75 m 332.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 668.75 m 382.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 668.75 m 438.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 668.75 m 442.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 668.75 m 507.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 668.75 m 511.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 668.75 m 561.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 634.75 m 203.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 634.75 m 259.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 634.75 m 328.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 634.75 m 382.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 634.75 m 438.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 634.75 m 507.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 634.75 m 561.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 634.75 m 259.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 634.75 m 328.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 634.75 m 382.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 634.75 m 438.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 634.75 m 507.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 634.75 m 561.5 634.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 595.75 m 259.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 593.75 m 259.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 595.75 m 328.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 593.75 m 328.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 595.75 m 382.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 593.75 m 382.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 595.75 m 438.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 593.75 m 438.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 595.75 m 507.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 593.75 m 507.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 595.75 m 561.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 593.75 m 561.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 474.75 m 259.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 460.75 m 259.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 458.75 m 259.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 474.75 m 328.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 460.75 m 328.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 458.75 m 328.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 474.75 m 382.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 460.75 m 382.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 458.75 m 382.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 474.75 m 438.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 460.75 m 438.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 458.75 m 438.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 474.75 m 507.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 460.75 m 507.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 458.75 m 507.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 474.75 m 561.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 460.75 m 561.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 458.75 m 561.5 458.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 673.43 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.15 673.43 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.85 659.43 Td (Useful) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.85 649.43 Td (Life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.20 639.43 Td (\(Years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.55 659.43 Td (Gross) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.25 649.43 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.45 639.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.15 649.43 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.85 639.43 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 659.43 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.25 649.43 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.45 639.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.55 659.43 Td (Gross) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.25 649.43 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.45 639.43 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 649.43 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.85 639.43 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.50 659.43 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.25 649.43 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.45 639.43 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 624.42 Td (Indefinite-lived and non-amortizable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 614.42 Td (acquired intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 599.42 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.05 599.42 Td (Indefinite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.10 599.42 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 599.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.10 599.42 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 599.42 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 599.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 599.42 Td (101,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 569.42 Td (Definite-lived and amortizable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 559.42 Td (acquired intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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(\(13,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 479.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 479.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 464.42 Td (Total intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.60 464.42 Td (1,013,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.80 464.47 Td (\(201,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 464.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.10 464.42 Td (812,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.60 464.42 Td (1,013,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 464.47 Td (\(140,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 464.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 464.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.10 464.42 Td (873,666) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 105.82 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.65 442.25 Td (definite-lived ) Tj ET Q q 0 0 0 rg BT 173.02 442.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 215.51 442.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.34 442.25 Td (will ) Tj ET Q q 0 0 0 rg BT 259.39 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 271.33 442.25 Td (approximately$61,000annually ) Tj ET Q q 0 0 0 rg BT 403.53 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.69 442.25 Td (2017through2021.) 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