Summary of Activity of Investments |
Below is a
summary of activity for each of the Company’s other
investments for the periods indicated:
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DCIP |
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RealD |
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AC JV,
LLC |
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DCDC |
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Other |
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Total |
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Balance at January 1,
2014
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$ |
38,033 |
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$ |
10,443 |
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$ |
6,426 |
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$ |
2,589 |
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$ |
2,166 |
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$ |
59,657 |
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Cash
contributions
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2,188 |
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— |
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— |
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— |
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— |
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2,188 |
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Equity in income
(loss)
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|
15,279 |
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— |
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|
1,473 |
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(151 |
) |
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— |
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16,601 |
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Equity in other
comprehensive loss
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(219 |
) |
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— |
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— |
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— |
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— |
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(219 |
) |
Unrealized holding
gain
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— |
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3,986 |
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— |
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— |
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— |
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3,986 |
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Cash distributions
received
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(4,004 |
) |
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— |
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— |
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— |
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— |
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(4,004 |
) |
Other
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— |
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— |
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— |
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— |
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(551 |
) |
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(551 |
) |
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Balance at
December 31, 2014
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$ |
51,277 |
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$ |
14,429 |
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$ |
7,899 |
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$ |
2,438 |
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$ |
1,615 |
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$ |
77,658 |
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Cash
contributions
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|
3,211 |
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— |
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— |
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— |
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|
|
500 |
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|
3,711 |
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Equity in income
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18,522 |
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— |
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|
970 |
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|
124 |
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— |
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19,616 |
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Equity in other
comprehensive loss
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(384 |
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— |
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— |
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— |
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— |
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(384 |
) |
Unrealized holding
loss
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— |
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(1,529 |
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— |
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— |
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— |
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(1,529 |
) |
Sale of investment in
Taiwan (1)
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— |
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— |
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— |
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— |
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(1,383 |
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(1,383 |
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Cash distributions
received
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(1,047 |
) |
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— |
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(1,600 |
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— |
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— |
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(2,647 |
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Other
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— |
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— |
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— |
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— |
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(69 |
) |
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(69 |
) |
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Balance at
December 31, 2015
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$ |
71,579 |
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$ |
12,900 |
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$ |
7,269 |
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$ |
2,562 |
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$ |
663 |
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$ |
94,973 |
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Cash
contributions
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|
717 |
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— |
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— |
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— |
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— |
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|
717 |
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Equity in income
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21,434 |
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— |
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311 |
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|
870 |
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— |
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22,615 |
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Equity in other
comprehensive income
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|
89 |
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— |
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— |
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— |
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— |
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89 |
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Sale of
investment(2)
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— |
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(12,900 |
) |
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— |
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— |
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— |
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(12,900 |
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Cash distributions
received
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(6,000 |
) |
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— |
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(1,600 |
) |
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(98 |
) |
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— |
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(7,698 |
) |
Other
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— |
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— |
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— |
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(584 |
) |
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|
1,105 |
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|
521 |
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Balance at
December 31, 2016
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$ |
87,819 |
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$ |
— |
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$ |
5,980 |
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$ |
2,750 |
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$ |
1,768 |
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$ |
98,317 |
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(1) |
The Company sold its investment in a Taiwan joint venture for
$2,634, resulting in a gain of $1,251, which is included in loss on
sale of assets and other for the year ended December 31,
2015.
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(2) |
See further discussion of the sale of the investment held by
the Company under RealD, Inc. below.
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Summary Financial Information |
The tables
below present summary financial information for NCM for the periods
indicated (financial information for NCM’s fiscal year ended
December 29, 2016 is not yet available):
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Year
Ended |
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Nine Months
Ended
September 29, 2016
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January 1, 2015 |
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December 31, 2015 |
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Gross revenues
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$ |
393,994 |
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$ |
446,463 |
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$ |
305,101 |
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Operating income
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$ |
159,624 |
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$ |
140,498 |
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$ |
100,911 |
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Net income
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$ |
96,309 |
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$ |
87,474 |
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$ |
49,619 |
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As of
December 31, 2015
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As of
September 29, 2016
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Total assets
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$ |
782,579 |
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$ |
758,607 |
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Total
liabilities
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$ |
1,049,145 |
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$ |
1,007,704 |
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Summary Financial Information |
Below is
summary financial information for DCIP as of and for the years
ended December 31, 2014, 2015 and 2016.
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Year ended
December 31, |
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2014 |
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2015 |
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2016 |
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Net operating
revenue
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$ |
170,724 |
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$ |
171,203 |
|
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$ |
178,836 |
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Operating income
|
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$ |
101,956 |
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$ |
103,449 |
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$ |
107,919 |
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Net income
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$ |
61,293 |
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$ |
79,255 |
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$ |
89,152 |
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As of |
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December 31,
2015 |
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December 31,
2016 |
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Total assets
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$ |
1,004,757 |
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$ |
906,377 |
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Total
liabilities
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$ |
675,192 |
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$ |
509,197 |
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